Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

American Integrity Insurance Group

Market Cap: €405.0m

Operates as an insurance company.

Blue Bird

Market Cap: US$1.6b

Designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally.

Transcontinental

Market Cap: €1.7b

Engages in the flexible packaging business in Canada, the United States, Latin America, the United Kingdom, and internationally.

Grand Pharmaceutical Group

Market Cap: €28.6b

An investment holding company, engages in the research and development, manufacture, and sale of pharmaceutical preparations and medical devices, biotechnology and healthcare products, and pharmaceutical raw materials.

Ion Beam Applications

Market Cap: €321.9m

Designs, produces, and markets solutions for cancer diagnosis and treatments in Belgium, the United States, and internationally.

q.beyond

Market Cap: €87.0m

Engages in the cloud, applications, artificial intelligence (AI), and security business in Germany and internationally.

BYD Electronic (International)

Market Cap: US$77.6b

An investment holding company, primarily engages in the design, manufacture, assembly, and sale of mobile handset components, modules, and other products in the People’s Republic of China and internationally.

Shenzhen Transsion Holdings

Market Cap: CN¥80.4b

Provides smart devices and mobile services in Africa, South and Southeast Asia, the Middle East, Latin America, and internationally.

Sichuan Baicha Baidao Industrial

Market Cap: HK$10.2b

An investment holding company, provides tea drink products in the People’s Republic of China.

Trajan Group Holdings

Market Cap: AU$102.2m

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.

Vieworks

Market Cap: ₩186.2b

Develops, manufactures, and sells imaging systems and solutions.

NetEase Cloud Music

Market Cap: HK$40.4b

An investment holding company, engages in the operation of online platforms to provide music and social entertainment services in the People’s Republic of China.

Acrow

Market Cap: AU$327.8m

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

Micro-Tech (Nanjing)Ltd

Market Cap: CN¥14.5b

Engages in the research, development, manufacturing, and sale of invasive medical devices in China and internationally.

Binggrae

Market Cap: ₩658.7b

Engages in production and sale of dairy products in South Korea and internationally.

Haidilao International Holding

Market Cap: HK$78.1b

An investment holding company, engages in the restaurant operation and delivery businesses in Mainland China, Hong Kong, Macau, and Taiwan.

China Resources Land

Market Cap: HK$209.8b

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

True Corporation

Market Cap: ฿376.6b

Provides telecommunications and value-added services in Thailand.

IRB Infrastructure Developers

Market Cap: ₹259.5b

Engages in the infrastructure development business in India.

China Railway Group

Market Cap: CN¥127.0b

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

Longfor Group Holdings

Market Cap: HK$69.1b

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 Overseas Property Holdings

Market Cap: HK$16.1b

An investment holding company, provides property management services in Hong Kong, Macau, and Mainland China.

C&D International Investment Group

Market Cap: HK$36.9b

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.

China National Building Material

Market Cap: HK$40.3b

An investment holding company, engages in building material, new materials, and engineering technical services businesses.

Aurelia Metals

Market Cap: AU$414.7m

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

Huaibei Mining HoldingsLtd

Market Cap: CN¥32.3b

Primarily engages in coal mining, washing, processing, sales, and production of coal chemical products in China.

Horizon Construction Development

Market Cap: HK$3.6b

Operates as an investment holding company that provides equipment operation services in the People's Republic of China.

HD Hyundai Construction Equipment

Market Cap: ₩1.6t

HD Hyundai Construction Equipment Co.,Ltd.

Beijing Urban Construction Investment & Development

Market Cap: CN¥9.9b

Beijing Urban Construction Investment & Development Co., Ltd.

Security Bank

Market Cap: ₱51.8b

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

REC

Market Cap: ₹922.4b

Engages in the provision of financing services for power generation, transmission, and distribution projects in India.

Bethel Automotive Safety Systems

Market Cap: CN¥27.5b

Develops, manufactures, and sells automotive safety systems and advanced driver assistance systems in China.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥11.2b

Manufactures and sells steel structures and supporting products in China and internationally.

Jiangsu King's Luck Brewery Ltd

Market Cap: CN¥46.0b

Jiangsu King's Luck Brewery Joint-Stock Co.,Ltd.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥8.5b

Provides chemical supply chain solutions worldwide.