Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

NetEase

Market Cap: US$568.0b

Engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally.

Dell Technologies

Market Cap: US$81.0b

Designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally.

Cardlytics

Market Cap: US$49.1m

Operates an advertising platform in the United States and the United Kingdom.

On the Beach Group

Market Cap: €290.5m

Operates as an online retailer of short haul beach holidays under the On the Beach brand in the United Kingdom and Republic of Ireland.

ANTA Sports Products

Market Cap: €234.9b

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

KBR

Market Cap: US$5.4b

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

Hikma Pharmaceuticals

Market Cap: €3.6b

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

Accenture

Market Cap: US$132.5b

Provides strategy and consulting, industry X, song, and technology and operation services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Leidos Holdings

Market Cap: €21.9b

Provides services and solutions for government and commercial customers in the United States and internationally.

Rithm Capital

Market Cap: US$5.8b

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

Industrial Bank

Market Cap: CN¥391.3b

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

MEGA P&C Advanced Materials (Shanghai)

Market Cap: CN¥5.4b

Produces and sells solid content, water-based solvent free, and special function coating products in China.

Huali Industrial Group

Market Cap: CN¥56.4b

Engages in the design, development, production, and sale of sports shoes in China and internationally.

Jiangsu King's Luck Brewery Ltd

Market Cap: CN¥40.4b

Jiangsu King's Luck Brewery Joint-Stock Co.,Ltd.

Bear Electric ApplianceLtd

Market Cap: CN¥6.9b

Engages in the research and development, design, production, and sale of small household appliances under Bear brand name in China and internationally.

Huaibei Mining HoldingsLtd

Market Cap: CN¥35.2b

Primarily engages in coal mining, washing, processing, sales, and production of coal chemical products in China.

Shanghai Zhonggu Logistics

Market Cap: CN¥21.8b

Provides container shipping services in China.

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥33.9b

Manufactures and sells power distribution in China and internationally.

China South Publishing & Media Group

Market Cap: CN¥19.6b

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

Chongqing Baiya Sanitary Products

Market Cap: CN¥9.2b

Chongqing Baiya Sanitary Products Co., Ltd.

Bethel Automotive Safety Systems

Market Cap: CN¥31.2b

Develops, manufactures, and sells automotive chassis systems and advanced driving systems in China.

Jinzai Food GroupLtd

Market Cap: CN¥5.0b

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

MCNEX

Market Cap: ₩464.6b

Manufactures and sells camera modules in South Korea and internationally.

Grand Pharmaceutical Group

Market Cap: HK$26.3b

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.

Security Bank

Market Cap: ₱53.5b

Provides banking and financial products and services to wholesale and retail clients in the Philippines.

Hansen Technologies

Market Cap: AU$1.0b

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

Dentsu Group

Market Cap: JP¥734.9b

Operates in the advertising business in Japan, the Americas, Europe, the Middle East and Africa, and the Asia Pacific.

Sanwa Holdings

Market Cap: JP¥836.6b

Through its subsidiaries, manufactures and sells construction materials for commercial and residential buildings in Japan, North America, Europe, and Asia.

JVM

Market Cap: ₩302.9b

Develops and sells automation systems and software of dispensing, packaging, and medication management for hospitals and pharmacies worldwide.

SILICON2

Market Cap: ₩2.7t

Engages in the distribution of cosmetics products worldwide.

Vikram Solar

Market Cap: ₹69.7b

Manufactures and sells solar photovoltaic modules/systems in India and internationally.

Adairs

Market Cap: AU$321.0m

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

Future

Market Cap: JP¥159.3b

Provides IT consulting and services primarily in Japan.

Rohto PharmaceuticalLtd

Market Cap: JP¥537.1b

Manufactures and markets pharmaceutical products, cosmetics, and functional foods worldwide.

Horizon Construction Development

Market Cap: HK$3.1b

Operates as an investment holding company that provides equipment operation services in the People's Republic of China.