Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Industrial Bank

Market Cap: CN¥395.7b

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

Charter Hall Long WALE REIT

Market Cap: AU$2.4b

An Australian Real Estate Investment Trust (REIT) listed on the ASX and investing in high quality Australasian real estate assets that are predominantly leased to corporate and government tenants on long term leases.

China Hongqiao Group

Market Cap: HK$342.3b

An investment holding company, manufactures and sells aluminum products.

Monash IVF Group

Market Cap: AU$247.4m

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

Acrow

Market Cap: AU$267.9m

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

China Resources Land

Market Cap: HK$199.0b

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

Trajan Group Holdings

Market Cap: AU$65.6m

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.

Hansen Technologies

Market Cap: AU$1.0b

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

Bonheur

Market Cap: NOK 9.7b

Engages in the renewable energy, wind service, and cruise businesses in the United Kingdom, Norway, Europe, Asia, the Americas, Africa, and Internationally.

Man Wah Holdings

Market Cap: €16.9b

An investment holding company, engages in the manufacture and distribution of sofas and ancillary products in the People's Republic of China, Europe, Vietnam, Mexico, and internationally.

GF Securities

Market Cap: CN¥133.6b

Provides capital market services for corporations, individuals, institutional investors, financial institutions, and government clients in the People’s Republic of China.

Anhui Conch Cement

Market Cap: CN¥116.0b

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

Lucky Harvest

Market Cap: CN¥7.7b

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

Adairs

Market Cap: AU$237.6m

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

Guangdong Haid Group

Market Cap: CN¥86.3b

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

China Railway Group

Market Cap: CN¥126.0b

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

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.

Qoria

Market Cap: AU$382.1m

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

GPT Group

Market Cap: AU$8.7b

GPT is one of Australia’s leading property groups, with assets under management of $34.1 billion across a portfolio of high quality retail, office and logistics assets.

Morimatsu International Holdings

Market Cap: HK$8.3b

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

Aurelia Metals

Market Cap: AU$397.9m

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

Zhejiang Jiuzhou Pharmaceutical

Market Cap: CN¥14.6b

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

C&D International Investment Group

Market Cap: HK$28.7b

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.

Befesa

Market Cap: €1.1b

Offers environmental recycling services to the steel and aluminum industries in the European, Asian, and North American markets.

Valmet Oyj

Market Cap: €4.5b

Develops and supplies process technologies, automation, and services for the pulp, paper, and energy industries in North America, Latin America, EMEA, China, and Asia-Pacific.

Embla Medical hf

Market Cap: DKK 11.1b

Provides non-invasive orthopedic products in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

Oshkosh

Market Cap: US$8.8b

Provides purpose-built vehicles and equipment worldwide.

Angel Oak Mortgage REIT

Market Cap: US$198.3m

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.

Banco Latinoamericano de Comercio Exterior S. A

Market Cap: US$1.8b

Banco Latinoamericano de Comercio Exterior, S.

Arnoldo Mondadori Editore

Market Cap: €512.1m

Engages in publishing of books and magazines in Italy, rest of Europe, and the United States.

Corebridge Financial

Market Cap: €10.7b

Provides retirement solutions and insurance products in the United States.

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.

Piraeus Bank

Market Cap: €8.3b

Provides various banking products and services in Greece, Europe, and internationally.

Carnival Corporation &

Market Cap: €33.5b

A cruise company, provides leisure travel services in North America, Australia, Europe, and internationally.

ANTA Sports Products

Market Cap: €211.4b

Engages in the research, design, development, manufacture, market, and sale of professional sports footwear, apparel, and accessories in China and internationally.