Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

China Resources Land

Market Cap: HK$212.5b

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

Worley

Market Cap: AU$7.3b

Provides professional services to the energy, chemicals, and resources sectors in the Americas, Europe, the Middle East, Africa, Australia, the Asia Pacific, and China.

IPH

Market Cap: AU$951.8m

Provides intellectual property (IP) services and products.

Anhui Conch Cement

Market Cap: CN¥131.7b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.4b

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.

Ganyuan Foods

Market Cap: CN¥5.1b

Engages in the research and development, production, and sale of snack foods in China.

Trajan Group Holdings

Market Cap: AU$112.9m

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.

Proya CosmeticsLtd

Market Cap: CN¥31.8b

A beauty and personal care company, researches, develops, produces, and sells cosmetics in China.

Monash IVF Group

Market Cap: AU$261.1m

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

China Mengniu Dairy

Market Cap: HK$57.9b

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

LX Semicon

Market Cap: ₩891.3b

Operates as a semiconductor company in South Korea, China, Vietnam, Taiwan, Japan, and internationally.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥9.0b

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

China Railway Group

Market Cap: CN¥127.0b

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

Middle East Healthcare

Market Cap: ر.س5.3b

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

Bank of China

Market Cap: HK$1.7t

Provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally.

Jiangsu Changshu Rural Commercial Bank

Market Cap: CN¥23.0b

Jiangsu Changshu Rural Commercial Bank Co., Ltd.

Sinoma International EngineeringLtd

Market Cap: CN¥23.1b

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

Acrow

Market Cap: AU$334.2m

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

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.

China Overseas Property Holdings

Market Cap: HK$16.3b

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

C&D International Investment Group

Market Cap: HK$39.3b

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.

Beijing New Building Materials

Market Cap: CN¥40.9b

Manufactures and sells building materials in China and internationally.

Industrial Bank

Market Cap: CN¥424.3b

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

Indofood Sukses Makmur

Market Cap: Rp67.2t

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

Shandong Yisheng Livestock & Poultry Breeding

Market Cap: CN¥9.4b

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd.

Otsuka Holdings

Market Cap: €4.1t

Engages in the pharmaceuticals, nutraceuticals, consumer products, and other businesses worldwide.

INDUS Holding

Market Cap: €551.4m

A private equity firm specializing in mergers and acquisitions and corporate spin-offs.

Veolia Environnement

Market Cap: €21.1b

Designs and provides water, waste, and energy management solutions.

Cadeler

Market Cap: NOK 17.7b

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

GE HealthCare Technologies

Market Cap: €33.1b

Engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally.

Transcontinental

Market Cap: CA$1.6b

Engages in the flexible packaging business in Canada, the United States, Latin America, the United Kingdom, and internationally.

Eiffage

Market Cap: €10.3b

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

lastminute.com

Market Cap: CHF 161.0m

Operates in the online travel industry providing dynamic holiday packages in Italy, Spain, the United Kingdom, France, Germany, and internationally.

Persimmon

Market Cap: UK£3.7b

Operates as a house builder in the United Kingdom.

Flowserve

Market Cap: US$7.1b

Designs, manufactures, distributes, and services industrial flow management equipment in the United States, Canada, Mexico, Europe, the Middle East, Africa, and the Asia Pacific.