Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Pearson

Market Cap: €5.7b

Provides educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally.

q.beyond

Market Cap: €102.7m

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

On the Beach Group

Market Cap: €312.3m

Operates as an online retailer of short haul beach holidays under the On the Beach brand name in the United Kingdom.

Havas

Market Cap: €1.6b

Provides communications and marketing services in France, the United Kingdom, rest of Europe, North America, Latin America, the Asia-Pacific, and Africa.

Lithia Motors

Market Cap: €7.9b

Operates as an automotive retailer in the United States, the United Kingdom, and Canada.

GFT Technologies

Market Cap: €519.1m

Provides digital transformation services.

Akzo Nobel

Market Cap: €9.7b

Produces and sells paints and coatings worldwide.

CTO Realty Growth

Market Cap: €575.3m

A publicly traded real estate investment trust that owns and operates a portfolio of high-quality, retail-based properties located primarily in higher growth markets in the United States.

MINISO Group Holding

Market Cap: €5.6b

An investment holding company, engages in the retail and wholesale of design-led lifestyle and pop toy products in Mainland China, the rest of Asia, North and Latin America, Europe, and internationally.

Genpact

Market Cap: €7.6b

Provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe.

Cheerwin Group

Market Cap: €3.1b

An investment holding company, manufactures and trades household insecticides and repellents, household cleaning, air care, personal care, pet stores and pet products, and other products in the People’s Republic of China.

Arnoldo Mondadori Editore

Market Cap: €537.3m

Engages in publishing of books and magazines in Italy, rest of Europe, and the United States.

Oracle Corporation Japan

Market Cap: €1.3t

Provides software, hardware, and cloud products and solutions in Japan.

M.P. Evans Group

Market Cap: €684.0m

Through its subsidiaries, owns and develops oil palm plantations in Indonesia and Malaysia.

CEWE Stiftung KGaA

Market Cap: €687.2m

Operates as a photo service and online printing provider in Germany and internationally.

Pegasystems

Market Cap: €7.4b

Develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific.

Grupa Pracuj

Market Cap: €3.2b

Operates HR technology platform in Poland, Ukraine, and Germany.

Kuaishou Technology

Market Cap: €319.7b

An investment holding company, provides live streaming, online marketing, and other services in the People’s Republic of China.

Asahi Group Holdings

Market Cap: €2.4t

Manufactures and sells beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

NetEase

Market Cap: US$628.8b

Engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally.

McBride

Market Cap: €272.3m

Manufactures and sells private label household and personal care products to retailers and brand owners in the United Kingdom, Germany, France, Italy, Spain, rest of Europe, the Asia-Pacific, and internationally.

Sichuan Baicha Baidao Industrial

Market Cap: HK$9.3b

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

Guangdong Haid Group

Market Cap: CN¥88.9b

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

Indofood Sukses Makmur

Market Cap: Rp61.9t

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

China Conch Venture Holdings

Market Cap: HK$19.4b

An investment holding company, provides various package solutions for energy conservation and environmental protection in Mainland China and the Asia-Pacific.

Converge Information and Communications Technology Solutions

Market Cap: ₱107.9b

Converge Information and Communications Technology Solutions, Inc.

China Tower

Market Cap: HK$191.8b

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.

Cheil Worldwide

Market Cap: ₩2.1t

Provides various marketing and advertising solutions worldwide.

Bear Electric ApplianceLtd

Market Cap: CN¥6.8b

Engages in the research and development, design, production, and sale of small household appliances under Bear brand name in China and internationally.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥233.0b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

China Railway Group

Market Cap: CN¥133.3b

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

Industrial Bank

Market Cap: CN¥405.9b

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

Anker Innovations

Market Cap: CN¥54.6b

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

Sanwa Holdings

Market Cap: JP¥760.5b

Through its subsidiaries, manufactures and sells construction materials for commercial and residential buildings in Japan, North America, Europe, and Asia.