Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

ANTA Sports Products

Market Cap: €225.1b

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

Comcast

Market Cap: €99.7b

Operates as a media and technology company worldwide.

Befesa

Market Cap: €1.1b

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

Xerox Holdings

Market Cap: US$391.7m

Operates as a workplace technology company that integrates hardware, services, and software for enterprises in North America, Latin America, Europe, the Middle East, Africa, India, and internationally.

Hikma Pharmaceuticals

Market Cap: €3.5b

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

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.

China Mengniu Dairy

Market Cap: €56.0b

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

Wolters Kluwer

Market Cap: €21.9b

Provides professional information, software solutions, and services in the Netherlands, rest of Europe, the United States, Canada, the Asia Pacific, Africa, and internationally.

Rithm Capital

Market Cap: US$6.1b

Operates as an asset manager focused on real estate, credit, and financial services in the United States.

Apeloa PharmaceuticalLtd

Market Cap: CN¥17.5b

Provides raw materials and intermediates to various pharmaceutical factories in the People’s Republic of China and internationally.

McBride

Market Cap: €202.1m

Manufactures and sells private label household and personal care products to retailers and brand owners in the United Kingdom, Germany, France, Italy, Spain, rest of Europe, the Asia-Pacific, and internationally.

Axalta Coating Systems

Market Cap: US$6.2b

Through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

Align Technology

Market Cap: €9.7b

Provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

Binggrae

Market Cap: ₩654.3b

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

NetEase Cloud Music

Market Cap: HK$46.7b

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.

Sinoma International EngineeringLtd

Market Cap: CN¥25.2b

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

Shenzhen Transsion Holdings

Market Cap: CN¥77.8b

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

China Resources Land

Market Cap: HK$198.5b

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

Emaar Properties PJSC

Market Cap: د.إ120.2b

Engages in the property investment, development, and development management business in the United Arab Emirates and internationally.

Shofu

Market Cap: JP¥65.7b

Manufactures and sells dental materials and equipment worldwide.

Haidilao International Holding

Market Cap: HK$72.8b

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

Yuan Long Ping High-Tech Agriculture

Market Cap: CN¥14.4b

Yuan Long Ping High-Tech Agriculture Co., Ltd.

IPH

Market Cap: AU$941.3m

Provides intellectual property (IP) services and products.

China South Publishing & Media Group

Market Cap: CN¥21.7b

Engages in publishing, printing, distribution, media, and financing businesses in China.

China Conch Venture Holdings

Market Cap: HK$18.3b

An investment holding company, provides various package solutions for energy conservation and environmental protection in Mainland China and the Asia-Pacific.

Inspur Digital Enterprise Technology

Market Cap: HK$9.0b

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.

Indorama Ventures

Market Cap: ฿99.9b

Manufactures and distributes petrochemical products in Thailand, the United States, Brazil, and internationally.

Indofood Sukses Makmur

Market Cap: Rp62.6t

Operates as a food solutions company in Indonesia, the Middle East, Africa, the rest of Asia, and internationally.

Adairs

Market Cap: AU$351.1m

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

Hoa Phat Group

Market Cap: ₫199.9t

Produces and sells steel products in Vietnam.

Hu Lane Associate

Market Cap: NT$16.3b

Engages in manufacture and sale of terminal devices, terminal crimping, industrial rubber, and plastic products in Taiwan.

E7 Group PJSC

Market Cap: د.إ2.1b

Engages in commercial printing, packaging, and distribution business in the United Arab Emirates.

F&F

Market Cap: ₩2.3t

Manufactures and sells sewn wearing apparels in South Korea.

Aeon (M) Bhd

Market Cap: RM 1.7b

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

China Pacific Insurance (Group)

Market Cap: CN¥325.6b

Provides insurance products to individual and institutional customers in the People’s Republic of China.