Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

Spectrum Pharmaceuticals, Inc., a biopharmaceutical company, develops and commercializes oncology drug products.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥9.6b

Provides chemical supply chain solutions worldwide.

Adairs

Market Cap: AU$339.6m

Operates as a specialty retailer of home furnishings, furniture, and decoration products in Australia and New Zealand.

Monash IVF Group

Market Cap: AU$235.7m

Engages in the provision of assisted reproductive and specialist women imaging services in Australia and Malaysia.

Beijing New Building Materials

Market Cap: CN¥41.9b

Manufactures and sells building materials in China and internationally.

China Resources Land

Market Cap: HK$218.9b

An investment holding company, engages in the investment, development, management, and sale of properties in the People’s Republic of China.

NetEase Cloud Music

Market Cap: HK$43.5b

An investment holding company, engages in the operation of online platforms to provide music and social entertainment services in the People’s Republic of China.

Indofood Sukses Makmur

Market Cap: Rp62.8t

Operates as a food solutions company in Indonesia, the Middle East, Africa, the rest of Asia, and internationally.

Shenzhen Transsion Holdings

Market Cap: CN¥74.8b

Provides smart devices and mobile services in Africa, South and Southeast Asia, the Middle East, Latin America, and internationally.

Micro-Tech (Nanjing)Ltd

Market Cap: CN¥16.0b

Researches, develops, manufactures, and sells minimally invasive medical devices to hospitals and clinics worldwide.

Apeloa PharmaceuticalLtd

Market Cap: CN¥17.9b

Provides raw materials and intermediates to various pharmaceutical factories in the People’s Republic of China and internationally.

China Overseas Property Holdings

Market Cap: HK$16.7b

An investment holding company, provides property management services in Hong Kong, Macau, and Mainland China.

C&D International Investment Group

Market Cap: HK$37.9b

An investment holding company, engages in the property development, real estate industry chain investment services, and industry investment activities in the People’s Republic of China.

Aurelia Metals

Market Cap: AU$406.2m

Engages in the exploration and production of mineral properties in Australia.

Select Harvests

Market Cap: AU$508.7m

Engages in the growing, processing, packaging, and selling of almonds and its by-products in Australia.

Aeris Resources

Market Cap: AU$545.9m

Explores, produces, and sells precious metals in Australia.

China Railway Group

Market Cap: CN¥133.1b

Operates as a multi-functional integrated construction company in Mainland China and internationally.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.2b

Engages in the manufacture and sale of pharmaceutical raw materials, and food and feed additives under the Star Lake and Yue Bao brand names in China and internationally.

Anker Innovations

Market Cap: CN¥59.1b

Develops and sells mobile charging products.

Yuan Long Ping High-Tech Agriculture

Market Cap: CN¥14.6b

Yuan Long Ping High-Tech Agriculture Co., Ltd.

China Mengniu Dairy

Market Cap: HK$58.9b

An investment holding company, manufactures and distributes dairy products under the MENGNIU brand in the People’s Republic of China and internationally.

IPH

Market Cap: AU$957.0m

Provides intellectual property (IP) services and products.

Middle East Healthcare

Market Cap: ر.س3.9b

A healthcare provider, owns and operates a network of hospitals under the Saudi German Hospital name in the Middle East and North Africa.

Cadeler

Market Cap: NOK 16.6b

Engages in offshore wind farm installation, operations, and maintenance services in Denmark.

LPKF Laser & Electronics

Market Cap: €138.2m

Develops, manufactures, and sells laser-based solutions for the technology industry worldwide.

Austevoll Seafood

Market Cap: NOK 17.7b

A seafood company, produces and sells salmon and trout, whitefish, and pelagic in Norway, the European Union, the United Kingdom, Eastern Europe, Africa, North America, Asia, and South America.

Koenig & Bauer

Market Cap: €168.9m

Develops and manufactures printing and postprint systems worldwide.

Esprinet

Market Cap: €263.5m

Engages in the wholesale distribution of information technology (IT) products and consumer electronics in Italy, Spain, Portugal, and rest of Europe.

China Mengniu Dairy

Market Cap: €58.9b

An investment holding company, manufactures and distributes dairy products under the MENGNIU brand in the People’s Republic of China and internationally.

Carmila

Market Cap: €2.4b

As the third-largest listed owner of commercial property in Europe, Carmila was founded by Carrefour and large institutional investors in order to enhance the value of shopping centres adjoining Carrefour hypermarkets in France, Spain and Italy.

Kardemir Karabük Demir Çelik Sanayi Ve Ticaret

Market Cap: ₺27.3b

Kardemir Karabük Demir Çelik Sanayi ve Ticaret A.S.

Eiffage

Market Cap: €10.8b

Engages in the construction and concessions industries in France, rest of Europe, and internationally.

Sulzer

Market Cap: CHF 4.6b

Develops and sells products and services for fluid engineering and chemical processing applications worldwide.

Premier Foods

Market Cap: UK£1.5b

Manufactures, distributes, and sells branded and own label food products in the United Kingdom, other European countries, and internationally.

DNO

Market Cap: €14.4b

Engages in the exploration, development, and production of oil and gas assets in the Middle East, the North Sea, and West Africa.

Ernst Russ

Market Cap: €235.2m

A publicly owned investment manager.