Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Metcash

Market Cap: AU$3.0b

Operates as a wholesale distribution and marketing company in Australia.

Industrial Bank

Market Cap: CN¥379.5b

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

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp278.4t

Provides information and communications technology, and telecommunications network services worldwide.

Military Commercial Bank

Market Cap: ₫209.8t

Provides banking products and services in Vietnam.

Babcock International Group

Market Cap: UK£5.4b

Engages in the design, development, manufacture, and integration of specialist systems for aerospace, defense, and security in the United Kingdom, rest of Europe, Africa, North America, Australasia, and internationally.

Mears Group

Market Cap: UK£340.3m

Provides various outsourced services to the public and private sectors in the United Kingdom.

High Tide

Market Cap: CA$290.9m

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

Prosegur Cash

Market Cap: €956.5m

Provides integrated cash cycle management solutions and automating payments in retail establishments and ATM management in Europe, LATAM, and internationally.

Imperial Brands

Market Cap: UK£21.8b

Manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, the Americas, Africa, the Asia, Australasia, and internationally.

Duc Giang Chemicals Group

Market Cap: ₫20.4t

Manufactures industrial products in Vietnam.

Lion

Market Cap: JP¥420.6b

Manufactures and sells consumer and industrial products in Japan and internationally.

Concentra Group Holdings Parent

Market Cap: US$2.9b

Provides occupational health services in the United States.

Angel Oak Mortgage REIT

Market Cap: US$226.0m

A real estate finance company, focuses on acquiring and investing in first lien nonqualified mortgage loans and other mortgage-related assets in the United States mortgage market.

Euroseas

Market Cap: US$494.0m

Provides ocean-going transportation services worldwide.

Persimmon

Market Cap: UK£3.4b

Operates as a house builder in the United Kingdom.

BRP

Market Cap: CA$5.6b

Designs, develops, manufactures, and sells powersports vehicles and marine products in the United States, Canada, Europe, Asia Pacific, Latin America, and internationally.

Abercrombie & Fitch

Market Cap: US$3.8b

Through its subsidiaries, operates as an omnichannel retailer in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.

Banco Latinoamericano de Comercio Exterior S. A

Market Cap: US$2.0b

Banco Latinoamericano de Comercio Exterior, S.

JOYY

Market Cap: US$2.9b

Engages in the provision of social product matrix and communication technology.

LKQ

Market Cap: US$8.1b

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.

Sangoma Technologies

Market Cap: US$193.0m

Develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications in the United States of America and internationally.

Hansen Technologies

Market Cap: AU$1.0b

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

Industri Jamu dan Farmasi Sido Muncul

Market Cap: Rp14.7t

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

4imprint Group

Market Cap: UK£1.0b

Operates as a direct marketer of promotional products in North America, the United Kingdom, and Ireland.

Far East Horizon

Market Cap: HK$35.9b

Provides various financial services in Mainland China, Hong Kong, and internationally.

Inspur Digital Enterprise Technology

Market Cap: HK$2.8b

An investment holding company, engages in management software development, cloud services, and sale of Internet of Things (IoT) solutions in the People’s Republic of China.

Stanmore Resources

Market Cap: AU$2.1b

Engages in the exploration, development, production, and sale of metallurgical coal in Australia.

Acrow

Market Cap: AU$271.1m

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

Chongqing Baiya Sanitary Products

Market Cap: CN¥8.0b

Chongqing Baiya Sanitary Products Co., Ltd.

Beijing New Building Materials

Market Cap: CN¥44.2b

Manufactures and sells building materials in China.

Bank Mandiri (Persero)

Market Cap: Rp409.3t

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

FRP Advisory Group

Market Cap: UK£287.5m

Provides business advisory services to companies, lenders, investors, individuals, and other stakeholders in the United Kingdom.

Zhejiang Jiuzhou Pharmaceutical

Market Cap: CN¥12.2b

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

Vietnam International Commercial Bank

Market Cap: ₫55.5t

Provides various banking products and services to organizations and individuals primarily in Vietnam.

ABM Industries

Market Cap: US$2.4b

Through its subsidiaries, engages in the provision of facility maintenance, engineering and infrastructure solutions in the United States and internationally.