Global Potentially Undervalued Companies

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.

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Baoxiniao Holding

Market Cap: CN¥5.6b

Engages in the research and development, production, and sale of branded men and women clothing products in China.

Aeon (M) Bhd

Market Cap: RM 2.0b

Operates and manages a retail chain of departmental stores and supermarkets in Malaysia.

BioArctic

Market Cap: SEK 16.3b

Develops biological drugs for patients with central nervous system disorders in Sweden.

IPH

Market Cap: AU$1.3b

Provides intellectual property (IP) services and products.

Trajan Group Holdings

Market Cap: AU$112.0m

Develops, manufactures, sells, and distributes analytical and life science products and devices in Australia, New Zealand, Malaysia, Japan, the United States, Europe, the Middle East, Africa, and India.

Jonjee Hi-Tech Industrial and Commercial HoldingLtd

Market Cap: CN¥14.7b

Produces and sells seasoning products in China and internationally.

Shenzhen Transsion Holdings

Market Cap: CN¥86.0b

Manufactures and sells smart devices in Africa and internationally.

MetLife

Market Cap: €52.2b

A financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide.

Huhtamäki Oyj

Market Cap: €3.3b

Provides packaging solutions in the United States, Germany, the United Kingdom, India, Turkey, Australia, Thailand, Poland, South Africa, Spain, Finland, and internationally.

Capgemini

Market Cap: €23.9b

Provides consulting, digital transformation, technology, and engineering services primarily in North America, France, the United Kingdom, Ireland, the rest of Europe, the Asia-Pacific, and Latin America.

Universal Health Services

Market Cap: US$11.8b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities.

Vallourec

Market Cap: €4.0b

Through its subsidiaries, provides tubular solutions for the oil and gas, industry, and new energies markets in Europe, North America, South America, Asia, the Middle East, and internationally.

Hikma Pharmaceuticals

Market Cap: €4.3b

Develops, manufactures, markets, and sells a range of generic, branded, and in-licensed pharmaceutical products.

KBR

Market Cap: US$6.0b

Provides scientific, technology, and engineering solutions to governments and commercial customers worldwide.

MGM Resorts International

Market Cap: US$10.3b

Through its subsidiaries, operates as a gaming and entertainment company in the United States, China, and internationally.

ANTA Sports Products

Market Cap: €248.7b

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

Renew Holdings

Market Cap: €650.7m

Provides engineering services in the United Kingdom.

Austevoll Seafood

Market Cap: NOK 18.4b

A seafood company, produces and sells salmon and trout, whitefish, and pelagic in Norway, the European Union, the United Kingdom, Eastern Europe, Africa, North America, Asia, and South America.

Tsingtao Brewery

Market Cap: €87.4b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

CVS Health

Market Cap: US$81.9b

Provides health solutions in the United States.

Alibaba Group Holding

Market Cap: US$242.2b

Through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally.

Huaxin Cement

Market Cap: CN¥24.0b

Manufactures and sells cement in China and internationally.

Jinzai Food GroupLtd

Market Cap: CN¥5.8b

Engages in the research, development, production, and sale of snack foods in China.

Ansell

Market Cap: AU$4.4b

Designs, sources, develops, manufactures, distributes, and sells hand and body protection solutions in the Asia Pacific, Europe, the Middle East, Africa, Latin America, the Caribbean, and North America.

REC

Market Cap: ₹1.1t

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

Adaro Minerals Indonesia

Market Cap: Rp41.1t

Engages in metallurgical coal mining business in Indonesia.

Huaibei Mining HoldingsLtd

Market Cap: CN¥32.0b

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

Haidilao International Holding

Market Cap: HK$81.7b

An investment holding company, engages in the restaurant operation and delivery businesses.

Hyosung TNC

Market Cap: ₩1.2t

Manufactures and sells fiber in South Korea and internationally.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥12.3b

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

Binggrae

Market Cap: ₩804.6b

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

Bethel Automotive Safety Systems

Market Cap: CN¥29.4b

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

Inspur Digital Enterprise Technology

Market Cap: HK$8.3b

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.

Summerset Group Holdings

Market Cap: AU$2.8b

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