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¥387.3b

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

Trajan Group Holdings

Market Cap: AU$90.8m

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.

Guangdong Haid Group

Market Cap: CN¥90.1b

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

Zhejiang Jiuzhou Pharmaceutical

Market Cap: CN¥15.7b

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

Hansen Technologies

Market Cap: AU$1.0b

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

Middle East Healthcare

Market Cap: ر.س3.0b

A healthcare provider, owns and operates a network of hospitals under the Saudi German Hospital name in the Middle East and North Africa.

China Tower

Market Cap: HK$196.5b

Provides telecommunication tower infrastructure services in the People's Republic of China.

Acrow

Market Cap: AU$320.9m

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

Lucky Harvest

Market Cap: CN¥9.3b

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

Sichuan Baicha Baidao Industrial

Market Cap: HK$9.3b

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

Adairs

Market Cap: AU$327.2m

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

GWA Group

Market Cap: AU$634.9m

Research, designs, manufactures, imports, and markets building fixtures and fittings to residential and commercial premises in Australia, New Zealand, the United Kingdom, and internationally.

Aeris Resources

Market Cap: AU$658.4m

Explores, produces, and sells precious metals in Australia.

C&D International Investment Group

Market Cap: HK$34.9b

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.

Micro-Tech (Nanjing)Ltd

Market Cap: CN¥15.4b

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

National Medical Care

Market Cap: ر.س5.6b

National Medical Care Company establishes, owns, equips, manages, maintains, and operates healthcare facilities in the Kingdom of Saudi Arabia.

Aurelia Metals

Market Cap: AU$533.2m

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

Fosun International

Market Cap: HK$30.5b

Operates in the health, happiness, wealth, and intelligent manufacturing sectors in Mainland China, Portugal, and internationally.

China Mengniu Dairy

Market Cap: HK$63.6b

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

ARN Media

Market Cap: AU$109.6m

Operates as a media and entertainment company in Australia and Hong Kong.

Monash IVF Group

Market Cap: AU$268.8m

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

Sanofi

Market Cap: €97.6b

Engages in the research, development, manufacture, and marketing of therapeutic solutions.

Valeura Energy

Market Cap: €1.2b

Engages in the exploration, development, and production of petroleum and natural gas in Thailand and in Turkey.

Gecina

Market Cap: €5.7b

A leading operator that fully integrates all real estate expertise, owning, managing, and developing a unique prime portfolio valued at 17.6bn pounds as at December 31, 2025.

Tongcheng Travel Holdings

Market Cap: €48.6b

An investment holding company, provides travel related services in the People’s Republic of China.

Jazz Pharmaceuticals

Market Cap: €10.7b

Jazz Pharmaceuticals plc identifies, develops, and commercializes pharmaceutical products in the United States, Europe, and internationally.

Cabka

Market Cap: €37.8m

Manufactures and sells pallets and large containers made from recycled plastic in Europe, North America, and internationally.

Intrum

Market Cap: €5.1b

Provides payment solutions, and credit and collection services in Europe and internationally.

ICG

Market Cap: UK£4.8b

A private equity firm specializing in direct and fund of fund investments.

Arnoldo Mondadori Editore

Market Cap: €524.3m

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

Semapa - Sociedade de Investimento e Gestão SGPS

Market Cap: €1.9b

Through its subsidiaries, produces and sells pulp, printing and writing papers, and tissues in Portugal, the rest of Europe, the United States, Africa, Asia, and Oceania.

Hollywood Bowl Group

Market Cap: UK£427.1m

Operates ten-pin bowling and mini-golf centers in the United Kingdom and Canada.

MINISO Group Holding

Market Cap: €5.9b

An investment holding company, engages in the retail and wholesale of design-led lifestyle and pop toy products in Mainland China, the rest of Asia, North and Latin America, Europe, and internationally.

Sword Group

Market Cap: €287.7m

Provides IT and software solutions.

Grand Pharmaceutical Group

Market Cap: €27.6b

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.