Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

China Mengniu Dairy

Market Cap: HK$56.8b

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

Hansen Technologies

Market Cap: AU$1.1b

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

Longfor Group Holdings

Market Cap: HK$65.8b

An investment holding company, engages in the property development, commercial investment, asset management, property management, and smart construction businesses in the People’s Republic of China.

Adairs

Market Cap: AU$307.7m

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

Anker Innovations

Market Cap: CN¥59.4b

Develops and sells mobile charging products.

GWA Group

Market Cap: AU$632.1m

Research, designs, manufactures, imports, and markets building fixtures and fittings to residential and commercial premises in Australia, New Zealand, the United Kingdom, and internationally.

Beijing New Building Materials

Market Cap: CN¥41.1b

Manufactures and sells building materials in China and internationally.

Industrial Bank

Market Cap: CN¥437.0b

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

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥10.7b

Manufactures and sells steel structures and supporting products in China and internationally.

New Hope Dairy

Market Cap: CN¥14.9b

Produces and sells dairy products in China.

Acrow

Market Cap: AU$326.2m

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

Micro-Tech (Nanjing)Ltd

Market Cap: CN¥14.6b

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

China Railway Group

Market Cap: CN¥125.8b

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

Shanghai Zhonggu Logistics

Market Cap: CN¥21.9b

Provides container shipping services in China.

China Overseas Property Holdings

Market Cap: HK$15.8b

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

China Resources Land

Market Cap: HK$201.4b

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

Huaqin Technology

Market Cap: CN¥96.7b

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

China National Building Material

Market Cap: HK$37.0b

An investment holding company, engages in building material, new materials, and engineering technical services businesses.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥8.3b

Provides chemical supply chain solutions worldwide.

China Construction Bank

Market Cap: HK$2.0t

Engages in the provision of various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally.

ARYZTA

Market Cap: CHF 1.3b

Provides products and services for in-store bakery solutions in Europe and internationally.

BAE Systems

Market Cap: €50.6b

Provides defense, aerospace, and security solutions in the United States, the United Kingdom, the Middle East, Australia, Japan, Europe, and internationally.

Loomis

Market Cap: SEK 25.0b

Provides secure payment solutions in the United States, France, Switzerland, Spain, the United Kingdom, Sweden, and internationally.

q.beyond

Market Cap: €91.7m

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

Anhui Expressway

Market Cap: CN¥23.7b

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

Metcash

Market Cap: AU$3.6b

Operates as a wholesale distribution and marketing company in Australia.

Indofood Sukses Makmur

Market Cap: Rp59.5t

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

Sanofi

Market Cap: €101.4b

Engages in the research, development, manufacture, and marketing of therapeutic solutions.

Kimberly-Clark

Market Cap: €34.2b

Manufactures and markets personal care products in the United States.

Gecina

Market Cap: €5.9b

A leading operator, that fully integrates all real estate expertise, owning, managing, and developing a unique prime portfolio valued at €17.0bn as at June 30, 2025.

Jazz Pharmaceuticals

Market Cap: €10.2b

Jazz Pharmaceuticals plc identifies, develops, and commercializes pharmaceutical products in the United States, Europe, and internationally.

Argan

Market Cap: €1.6b

ARGAN is the only French real estate company specializing in the DEVELOPMENT & RENTAL OF PREMIUM WAREHOUSES listed on EURONEXT and is the leading player of its market in France.

DEME Group

Market Cap: €3.6b

Provides marine solutions in the fields of offshore energy, dredging, marine infrastructure, and environmental works in Belgium, Europe, Africa, the United States, Asia, Oceania, and the Middle East.

Gamma Communications

Market Cap: UK£833.2m

Provides technology-based communications and software services to small, medium, and large-sized organizations in the United Kingdom, rest of Europe, and internationally.

EVS Broadcast Equipment

Market Cap: €477.9m

Provides live video technology for broadcast and media productions in the United States, Europe, Africa, Middle East, and Asia Pacific.