Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

China Foods

Market Cap: HK$7.8b

An investment holding company, manufactures, distributes, markets, and sells Coca-Cola series products in the People’s Republic of China.

KH Neochem

Market Cap: JP¥99.2b

Researches, manufactures, and sells of petrochemical products in Japan and internationally.

Huaibei Mining HoldingsLtd

Market Cap: CN¥33.6b

Primarily engages in coal mining, washing, processing, sales, and storage business in China.

Tenaga Nasional Berhad

Market Cap: RM 76.9b

Engages in the generation, transmission, distribution, and sale of electricity in Malaysia, the United Kingdom, Kuwait, the Republic of Ireland, Australia, and internationally.

Summerset Group Holdings

Market Cap: AU$2.6b

Develops, owns, and operates integrated retirement villages in New Zealand and Australia.

Bangchak Corporation

Market Cap: ฿44.4b

Engages in the refining and marketing of petroleum products in Thailand, Singapore, Norway, Korea, Laos, and internationally.

Miura

Market Cap: JP¥328.7b

Produces and sells boilers in Japan 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.

Robert Walters

Market Cap: €102.0m

Provides professional recruitment consultancy services worldwide.

CleanSpark

Market Cap: €2.7b

Operates as a bitcoin mining company in the Americas.

Huron Consulting Group

Market Cap: US$2.2b

Provides consultancy and managed services in the United States and internationally.

Verallia Société Anonyme

Market Cap: €2.9b

Manufactures and sells glass packaging products for beverages and food products worldwide.

Acrow

Market Cap: €318.8m

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

Aica Kogyo Company

Market Cap: €234.5b

Develops, produces, and sells chemical products, and laminates and building materials in Japan and internationally.

CNH Industrial

Market Cap: €14.9b

An equipment and services company, engages in the design, production, marketing, sale, and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific.

Ag Growth International

Market Cap: CA$797.3m

Manufactures and distributes equipment for bulk agriculture commodities worldwide.

ACT Energy Technologies

Market Cap: CA$159.2m

Provides directional drilling services to oil and natural gas companies in Canada and the United States.

Intrum

Market Cap: €6.5b

Provides payment solutions and credit and collection services in Europe and internationally.

Torex Gold Resources

Market Cap: US$3.8b

Operates as an intermediate gold producer.

Flowserve

Market Cap: US$7.2b

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

XP

Market Cap: US$9.8b

Provides financial products and services in Brazil.

Rainbow Tours

Market Cap: €2.1b

Operates as a tour operator in Poland, the Czech Republic, Greece, Spain, Turkey, Slovakia, Lithuania, and internationally.

Cosmo Pharmaceuticals

Market Cap: CHF 1.0b

Focuses on the development and commercialization products for gastroenterology, dermatology, and healthtech worldwide.

Premier Foods

Market Cap: UK£1.6b

Manufactures, distributes, and sells branded and own label food products in the United Kingdom, other European countries, and internationally.

INDUS Holding

Market Cap: €558.9m

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

CTO Realty Growth

Market Cap: €566.2m

A publicly traded real estate investment trust that owns and operates a portfolio of high-quality, retail-based properties located primarily in higher growth markets in the United States.

China Mengniu Dairy

Market Cap: €59.3b

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

Cabka

Market Cap: €46.1m

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

Sword Group

Market Cap: €333.1m

Provides IT and software solutions worldwide.

Maisons du Monde

Market Cap: €75.5m

Through its subsidiaries, provides home and living room related products in France and internationally.

Hollywood Bowl Group

Market Cap: UK£422.7m

Operates ten-pin bowling and mini-golf centers in the United Kingdom and internationally.

Grupo Mateus

Market Cap: R$16.3b

Operates a supermarket chain in Brazil.

McEwen

Market Cap: CA$595.2m

Engages in the exploration, development, production, and sale of gold and silver deposits in the United States, Canada, Mexico, and Argentina.

ACI Worldwide

Market Cap: US$5.1b

Develops, markets, installs, and supports software products and services for facilitating electronic payments in the United States and internationally.

Carmila

Market Cap: €2.4b

As the third-largest listed owner of commercial property in Europe, Carmila was founded by Carrefour and large institutional investors in order to enhance the value of shopping centres adjoining Carrefour hypermarkets in France, Spain and Italy.