Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Industrial Bank

Market Cap: CN¥399.3b

Provides banking products and services in the People’s Republic of China.

Guangdong Haid Group

Market Cap: CN¥84.9b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

Aurelia Metals

Market Cap: AU$507.8m

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

Aeris Resources

Market Cap: AU$649.3m

Explores, produces, and sells precious metals in Australia.

Hansen Technologies

Market Cap: AU$1.0b

Engages in the development, integration, and support of billing and customer information systems.

China Tower

Market Cap: HK$194.7b

Provides telecommunication tower infrastructure services in the People's Republic of China.

Grand Pharmaceutical Group

Market Cap: HK$27.1b

An investment holding company, engages in the research and development, manufacture, and sale of pharmaceutical preparations and medical devices, biotechnology and healthcare products, and pharmaceutical raw materials.

Sichuan Baicha Baidao Industrial

Market Cap: HK$9.4b

An investment holding company, provides tea drink products in the People’s Republic of China.

Micro-Tech (Nanjing)Ltd

Market Cap: CN¥14.5b

Engages in the research, development, manufacturing, and sale of invasive medical devices in China and internationally.

China Mengniu Dairy

Market Cap: HK$64.0b

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

Shanghai Zhonggu Logistics

Market Cap: CN¥21.0b

Provides container shipping services in China.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥9.5b

Provides chemical supply chain solutions worldwide.

NetEase Cloud Music

Market Cap: HK$37.4b

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.

Trajan Group Holdings

Market Cap: AU$101.4m

Develops, manufactures, and sells analytical and life science products and devices in Malaysia, Japan, Australia, New Zealand, the United States, Europe, the Middle East, Africa, and India.

Sinoma International EngineeringLtd

Market Cap: CN¥27.8b

Engages in the engineering, equipment manufacture and supply, and other businesses in China and internationally.

Lucky Harvest

Market Cap: CN¥9.0b

Engages in the research, development, production, and sale of precision stamping dies and structural metal parts in China.

Fosun International

Market Cap: HK$33.6b

Operates in the health, happiness, wealth, and intelligent manufacturing sectors in Mainland China, Portugal, and internationally.

Anhui Expressway

Market Cap: CN¥23.2b

Engages in the construction, operation, management, and development of the toll roads and associated service sections in the People's Republic of China.

Huaqin Technology

Market Cap: CN¥84.2b

Engages in the development, manufacturing, and operation service of software, hardware, systems for tech companies worldwide.

Anker Innovations

Market Cap: CN¥52.9b

Operates as a smart hardware technology company in China and internationally.

China Resources Land

Market Cap: HK$211.8b

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

China Railway Group

Market Cap: CN¥125.9b

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

Acrow

Market Cap: AU$320.9m

Provides smart integrated construction systems across formwork, industrial services, and commercial scaffolding in Australia.

Adairs

Market Cap: AU$319.2m

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

Wesdome Gold Mines

Market Cap: €3.3b

Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada.

Delta Air Lines

Market Cap: €42.7b

Provides scheduled air transportation for passengers and cargo in the United States and internationally.

Capgemini

Market Cap: €22.6b

Provides consulting, digital transformation, technology, and engineering services primarily in North America, France, the United Kingdom, Ireland, the rest of Europe, the Asia-Pacific, and Latin America.

NetApp

Market Cap: €19.1b

Provides a range of enterprise software, systems, and services that customers use to transform their data infrastructures in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.

ICG

Market Cap: UK£5.2b

A private equity firm specializing in direct and fund of fund investments.

CVS Health

Market Cap: US$94.6b

Provides health solutions in the United States.

Premier Foods

Market Cap: UK£1.6b

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

q.beyond

Market Cap: €101.4m

Engages in the cloud, applications, artificial intelligence (AI), and security business in Germany and internationally.

Ventura Offshore Holding

Market Cap: NOK 2.3b

A deep-water drilling contractor, provides offshore drilling services to the oil and gas industry in Brazil and internationally.

Cabka

Market Cap: €41.5m

Manufactures and sells pallets and large containers made from recycled plastic in Europe, North America, and internationally.

Carmila

Market Cap: €2.3b

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.