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.

Grupo Bimbo. de

Market Cap: US$223.5b

Produces, distributes, and sells various bakery products.

Jonjee Hi-Tech Industrial and Commercial HoldingLtd

Market Cap: CN¥14.6b

Produces and sells seasoning products in China and internationally.

Trajan Group Holdings

Market Cap: AU$106.7m

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.

Proya CosmeticsLtd

Market Cap: CN¥33.6b

A beauty and personal care company, researches, develops, produces, and sells cosmetics in China.

ANE (Cayman)

Market Cap: HK$9.5b

An investment holding company operates an express freight network in the less-than-truckload (LTL) market in China.

Sinoma International EngineeringLtd

Market Cap: CN¥24.4b

Engages in the engineering, equipment manufacture and supply, and other businesses in China and internationally.

Shandong Yisheng Livestock & Poultry Breeding

Market Cap: CN¥9.2b

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd.

Oceania Healthcare

Market Cap: AU$434.5m

Owns and operates retirement villages and care centres in New Zealand.

ShenZhen YUTO Packaging Technology

Market Cap: CN¥22.2b

ShenZhen YUTO Packaging Technology Co., Ltd.

Beijing New Building Materials

Market Cap: CN¥47.9b

Manufactures and sells building materials in China and internationally.

Ganyuan Foods

Market Cap: CN¥6.0b

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

Jiangsu Xinquan Automotive TrimLtd

Market Cap: CN¥22.8b

Designs, develops, manufactures, sells, and supplies auto parts in China.

Longfor Group Holdings

Market Cap: HK$69.5b

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.

Xiamen C&D

Market Cap: CN¥29.5b

Engages in the supply chain and real estate development businesses in China and internationally.

Adaro Minerals Indonesia

Market Cap: Rp41.9t

Engages in metallurgical coal mining business in Indonesia.

IPH

Market Cap: AU$1.2b

Provides intellectual property (IP) services and products.

Tsingtao Brewery

Market Cap: HK$91.5b

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

Ningbo Deye Technology Group

Market Cap: CN¥55.4b

Engages in the production and sales of heat exchangers, inverters, and dehumidifiers in China, the United Kingdom, the United States, Germany, India, and internationally.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥12.3b

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

Gamma Communications

Market Cap: UK£1.1b

Provides technology-based communications and software services for small, medium, and large sized to businesses in the United Kingdom and Europe.

Nilfisk Holding

Market Cap: €2.6b

Develops, manufactures, and sells cleaning solutions and services worldwide.

Kenmare Resources

Market Cap: UK£348.9m

Engages in the production and sale of mineral sand products in China, rest of Asia, Europe, the United States, and internationally.

Exxaro Resources

Market Cap: €36.7b

Engages in coal, pigment manufacturing, and renewable energy businesses in South Africa, Europe, Asia, and internationally.

Casta Diva Group

Market Cap: €25.6m

Operates as a communication company in Italy and internationally.

Robert Walters

Market Cap: UK£140.1m

Provides professional recruitment consultancy services worldwide.

Esprinet

Market Cap: €192.3m

Engages in the wholesale distribution of information technology (IT) products and consumer electronics in Italy, Spain, Portugal, and rest of Europe.

Zijin Mining Group

Market Cap: US$531.3b

A mining company, engages in the exploration, mining, processing, refining, and sale of gold, non-ferrous metals, and other mineral resources in Mainland China and internationally.

Pierre et Vacances

Market Cap: €669.7m

Engages in the property development and tourism businesses in Europe and internationally.

CENIT

Market Cap: €74.0m

Operates as an IT consultancy and software company that serves manufacturing and financial services industries in Germany, Austria, Switzerland, North America, Romania, France, Belgium, the Netherlands, and China.

Geely Automobile Holdings

Market Cap: US$173.8b

An investment holding company, operates as an automobile manufacturer primarily in the People’s Republic of China.

Lindblad Expeditions Holdings

Market Cap: US$622.0m

Provides marine expedition adventures and travel experience worldwide.

ProCredit Holding

Market Cap: €566.6m

Provides commercial banking products and services for small and medium enterprises and private customers in Europe, South America, and Germany.

Merchants Bancorp

Market Cap: US$1.5b

Operates as the diversified bank holding company in the United States.

Sangoma Technologies

Market Cap: US$271.1m

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