Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Bank CIMB Niaga

Market Cap: Rp40.5t

Provides various banking products and services in Indonesia and internationally.

Centurion

Market Cap: S$1.3b

Owns, manages, and operates purpose-built accommodation assets in Singapore, Malaysia, Australia, the United Kingdom, and internationally.

Bank Mandiri (Persero)

Market Cap: Rp385.1t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Malaysia, Hong Kong, Timor Leste, Shanghai, England, and the Cayman Islands.

Indofood Sukses Makmur

Market Cap: Rp59.9t

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

ISOTeam

Market Cap: S$62.1m

Operates in the building maintenance and estate upgrading industry in Singapore.

Sasseur Real Estate Investment Trust

Market Cap: S$847.4m

Invests in a portfolio of real estate and related assets.

Security Bank

Market Cap: ₱48.2b

Provides banking and financial products and services to wholesale and retail clients in the Philippines.

Bank BTPN Syariah

Market Cap: Rp7.5t

Operates as a sharia commercial bank providing a comprehensive range of banking products and services in Indonesia.

Converge Information and Communications Technology Solutions

Market Cap: ₱79.8b

Converge Information and Communications Technology Solutions, Inc.

First Resources

Market Cap: S$4.3b

An investment holding company, engages in the palm oil production activities in Singapore, Indonesia, China, Malaysia, and internationally.

China Aviation Oil (Singapore)

Market Cap: S$1.7b

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

Industri Jamu dan Farmasi Sido Muncul

Market Cap: Rp11.9t

Provides herbal medicines, cosmetics, and foods and beverage products in Indonesia.

Calfrac Well Services

Market Cap: US$568.4m

Provides specialized oilfield services in Canada, the United States, and Argentina.

Carmila

Market Cap: €2.3b

A leading European commercial real estate company, with 250 shopping centres across France, Spain and Italy.

CENIT

Market Cap: €67.9m

Provides software solutions and integration services.

Antero Resources

Market Cap: US$11.4b

An independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States.

LKQ

Market Cap: US$6.9b

Engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories.

Astra International

Market Cap: €205.3t

Operates in the automotive, financial services, heavy equipment, mining, construction, energy, agri, infrastructure and logistics, information technology, and property businesses in Indonesia and internationally.

Sabre

Market Cap: US$604.8m

Operates as a software and technology company for the travel industry in the United States, Europe, Asia-Pacific, and internationally.

Oshkosh

Market Cap: US$8.0b

Provides purpose-built vehicles and equipment worldwide.

Cabka

Market Cap: €49.4m

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

Arcadis

Market Cap: €3.0b

Engages in the design, engineering, architecture, and consultancy solutions for natural and built assets in The Americas, Europe, the Middle East, and the Asia Pacific.

Compagnie des Alpes

Market Cap: €1.1b

Engages in the management of leisure facilities in France and internationally.

Exxaro Resources

Market Cap: €49.7b

Engages in coal, pigment manufacturing, and renewable energy businesses in South Africa, Europe, Asia, and internationally.

High Tide

Market Cap: US$288.3m

Engages in the cannabis retail business in Canada, the United States, and internationally.

Daiwa House Industry

Market Cap: €2.7t

Engages in the construction work business in Japan, the United States, and internationally.

Viva Wine Group

Market Cap: SEK 2.7b

Develops, markets, imports, and sells wines.

Huron Consulting Group

Market Cap: US$1.6b

Provides global professional services in the United States and internationally.

Gecina

Market Cap: €5.4b

A leading operator that fully integrates all real estate expertise, owning, managing, and developing a unique prime portfolio valued at 17.6bn euros as at December 31, 2025.

Otis Worldwide

Market Cap: €27.9b

Engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally.

Alkane Resources

Market Cap: CA$2.1b

Operates as a gold exploration and production company in Australia.

Pattern

Market Cap: €34.4m

Engages in engineering, prototyping, and production of luxury goods in Italy, rest of the European Union, and internationally.

Infotel

Market Cap: €279.0m

Designs, develops, markets, and maintains software solutions in the areas of security, performance, and management in France, rest of Europe, and the United States.

Talgo

Market Cap: €367.8m

Engages in design, manufacture, and maintenance of railway and auxiliary machinery for the maintenance of railway systems rolling stock worldwide.

Bidvest Group

Market Cap: €80.6b

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