Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Pepper Money

Market Cap: €754.7m

Operates as a non-bank lender in the mortgage and asset finance markets in Australia and New Zealand.

Bidvest Group

Market Cap: €77.2b

An investment holding company, engages in services, trading, and distribution businesses in South Africa and internationally.

Kuaishou Technology

Market Cap: €229.8b

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

Indofood Sukses Makmur

Market Cap: €52.5t

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

A. O. Smith

Market Cap: €9.0b

Manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India.

GFT Technologies

Market Cap: €438.4m

Provides digital transformation services.

Hoenle

Market Cap: €52.0m

Develops, manufactures, and distributes industrial UV technologies and systems in Germany and internationally.

Forward Air

Market Cap: €504.9m

Operates as an asset-light freight and logistics company in the United States, Mexico, Europe, Asia, and Canada.

Tokuyama

Market Cap: €267.8b

Produces and sells various chemical products in Japan.

China Aviation Oil (Singapore)

Market Cap: €1.8b

Trades in and supplies jet fuel to civil aviation industry worldwide.

Howden Joinery Group

Market Cap: UK£4.2b

Supplies various kitchen, joinery, and hardware products in the United Kingdom, France, Belgium, and the Republic of Ireland.

Bertrandt

Market Cap: €150.6m

Provides engineering services.

Indegene

Market Cap: ₹110.5b

Operates as a digital-first life sciences commercialization company in India, the United States, Europe, and internationally.

Longfor Group Holdings

Market Cap: HK$58.3b

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.

China Hongqiao Group

Market Cap: HK$347.4b

An investment holding company, manufactures and sells aluminum products.

Vikram Solar

Market Cap: ₹70.7b

Manufactures and sells solar photovoltaic modules/systems in India and internationally.

Trajan Group Holdings

Market Cap: AU$64.8m

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.

Ingenia Communities Group

Market Cap: AU$1.6b

Ingenia Communities Group (ASX: INA) is a leading operator, owner and developer of communities offering quality affordable rental and holiday accommodation focussed on the growing seniors’ market in Australia.

Lucky Harvest

Market Cap: CN¥7.8b

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

Aurelia Metals

Market Cap: AU$406.4m

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

Vedanta

Market Cap: ₹2.6t

A diversified natural resources company, explores, extracts, and processes minerals, and oil and gas in India, Europe, China, the United States, Mexico, and internationally.

Morimatsu International Holdings

Market Cap: HK$8.4b

Designs, manufactures, installs, operates, and maintains core equipment, process systems, and solutions primarily for chemical reactions, biological reactions, and polymerization.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥9.3b

Provides chemical supply chain solutions worldwide.

Acrow

Market Cap: AU$266.4m

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

China Resources Land

Market Cap: HK$205.4b

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

Fosun International

Market Cap: HK$31.5b

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

China Mengniu Dairy

Market Cap: HK$61.7b

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

Zhejiang Jiuzhou Pharmaceutical

Market Cap: CN¥13.9b

Operates as contract development and manufacturing organization (CDMO) company in China and internationally.

Adairs

Market Cap: AU$246.5m

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

Metcash

Market Cap: AU$3.3b

Operates as a wholesale distribution and marketing company in Australia.

China Railway Group

Market Cap: CN¥128.1b

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

Guangdong Haid Group

Market Cap: CN¥87.0b

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

Qoria

Market Cap: AU$395.7m

Qoria Limited markets, distributes, and sells cyber safety products and services in Australia, New Zealand, the United Kingdom, the United States, Europe, and internationally.

Sinoma International EngineeringLtd

Market Cap: CN¥27.0b

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

IndiQube Spaces

Market Cap: ₹30.1b

Provides workplace solutions and value-added services in India.