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.

Trajan Group Holdings

Market Cap: AU$140.9m

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.

Select Harvests

Market Cap: AU$527.2m

Engages in the growing, processing, packaging, and selling of almonds and its by-products in Australia.

LX Semicon

Market Cap: ₩928.7b

Operates as a semiconductor company in South Korea, China, Vietnam, Taiwan, Japan, and internationally.

Shenzhen Transsion Holdings

Market Cap: CN¥94.3b

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

Ganyuan Foods

Market Cap: CN¥5.3b

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

Jonjee Hi-Tech Industrial and Commercial HoldingLtd

Market Cap: CN¥14.6b

Produces and sells seasoning products in China and internationally.

Tsingtao Brewery

Market Cap: HK$86.0b

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

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥12.4b

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

Proya CosmeticsLtd

Market Cap: CN¥32.8b

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

Beijing New Building Materials

Market Cap: CN¥45.2b

Manufactures and sells building materials in China and internationally.

Jiangsu Xinquan Automotive TrimLtd

Market Cap: CN¥23.6b

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

Sinoma International EngineeringLtd

Market Cap: CN¥24.3b

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

Ningbo Deye Technology Group

Market Cap: CN¥50.3b

Engages in the production and sales of heat exchangers, inverters, and dehumidifiers in South Africa, Brazil, Hongkong, Germany, India, and internationally.

Shenzhen Fuanna Bedding and FurnishingLtd

Market Cap: CN¥6.1b

Engages in the research and development, design, production, and sale of textile home furnishing, sleep home furnishing, and living products in China and internationally.

Acrow

Market Cap: AU$320.3m

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

China Mengniu Dairy

Market Cap: HK$65.2b

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

Pollard Banknote

Market Cap: €578.7m

Manufactures and sells lottery and charitable gaming products and solutions in the United States, Canada, and internationally.

Torex Gold Resources

Market Cap: US$3.7b

Operates as an intermediate gold producer.

CES Energy Solutions

Market Cap: €1.7b

Engages in the design, implementation, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada.

KWS SAAT SE KGaA

Market Cap: €2.1b

KWS SAAT SE & Co. KGaA breeds, produces, and distributes seeds for agriculture.

Angel Oak Mortgage REIT

Market Cap: US$217.9m

A real estate finance company, focuses on acquiring and investing in first lien non- qualified mortgage loans and other mortgage-related assets in the United States mortgage market.

MGM Resorts International

Market Cap: US$9.6b

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

INDUS Holding

Market Cap: €562.6m

A private equity firm specializing in mergers and acquisitions and corporate spin-offs.

LKQ

Market Cap: US$7.7b

Engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories.

Casta Diva Group

Market Cap: €11.8m

Operates as a communication company in Italy and internationally.

Cabka

Market Cap: €46.7m

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

First Citizens BancShares

Market Cap: US$24.1b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

Origin Enterprises

Market Cap: €399.1m

Provides agronomy services company in Ireland, the United Kingdom, Brazil, Poland, Romania, Latin America, and internationally.

ACM Research

Market Cap: €1.6b

Develops, manufactures, and sells capital equipment worldwide.

Robert Walters

Market Cap: UK£89.5m

Provides professional recruitment consultancy services worldwide.

Royal Unibrew

Market Cap: DKK 23.6b

Provides beer, soft drinks, malt beverages, energy drinks, cider/ready to drink, juice, water, and wine and spirits.

Enhabit

Market Cap: €382.2m

Provides home health and hospice services in the United States.

Regeneron Pharmaceuticals

Market Cap: €57.7b

Regeneron Pharmaceuticals, Inc. discovers, invents, develops, manufactures, and commercializes medicines for treating various diseases worldwide.

Colabor Group

Market Cap: CA$79.6m

Colabor Group Inc., together with its subsidiaries, markets, distributes, and wholesales food and food-related products in Canada.