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.

Monash IVF Group

Market Cap: AU$261.1m

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

Acrow

Market Cap: AU$312.6m

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

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥8.9b

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

Proya CosmeticsLtd

Market Cap: CN¥36.2b

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

Indofood Sukses Makmur

Market Cap: Rp67.6t

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

Tsingtao Brewery

Market Cap: HK$87.7b

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

Trajan Group Holdings

Market Cap: AU$141.7m

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.

Sinoma International EngineeringLtd

Market Cap: CN¥24.7b

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

Ningbo Deye Technology Group

Market Cap: CN¥54.2b

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

Worley

Market Cap: AU$6.5b

Provides professional services to energy, chemicals, and resources sectors worldwide.

Shenzhen Fuanna Bedding and FurnishingLtd

Market Cap: CN¥6.2b

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

Beijing New Building Materials

Market Cap: CN¥46.1b

Manufactures and sells building materials in China and internationally.

MOIL

Market Cap: ₹66.2b

Engages in the exploration, development, and marketing of various grades of manganese ores in India.

LX Semicon

Market Cap: ₩878.3b

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

Vardhman Textiles

Market Cap: ₹115.2b

Manufactures, purchases, and sells textiles and fibres in India and internationally.

Amneal Pharmaceuticals

Market Cap: €2.9b

A global biopharmaceutical company, develops, manufactures, markets, and distributes generics, injectables, biosimilars, and specialty branded pharmaceutical products worldwide.

Valeura Energy

Market Cap: €880.7m

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

Persimmon

Market Cap: UK£3.5b

Operates as a house builder in the United Kingdom.

CEWE Stiftung KGaA

Market Cap: €653.2m

Operates as a photo service and online printing provider in Germany and internationally.

Arcadis

Market Cap: €3.6b

Offers design, engineering, architecture, and consultancy solutions for natural and built assets in The Americas, Europe, the Middle East, and the Asia Pacific.

Luceco

Market Cap: €183.0m

Manufactures and distributes wiring accessories, LED lighting, and portable power products in the United Kingdom, the Americas, Europe, the Middle East, Africa, the Asia Pacific.

Sword Group

Market Cap: €329.3m

Provides IT and software solutions worldwide.

ACI Worldwide

Market Cap: US$5.0b

Develops, markets, installs, and supports software products and services for facilitating electronic payments in the United States and internationally.

Maisons du Monde

Market Cap: €77.0m

Through its subsidiaries, provides home and living room related products in France and internationally.

China Mengniu Dairy

Market Cap: €65.8b

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

INDUS Holding

Market Cap: €570.1m

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

Cabka

Market Cap: €46.1m

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

Aica Kogyo Company

Market Cap: €233.7b

Develops, produces, and sells chemical products, and laminates and building materials in Japan and internationally.

CNH Industrial

Market Cap: €15.3b

An equipment and services company, engages in the design, production, marketing, sale, and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific.

CTO Realty Growth

Market Cap: €555.7m

A publicly traded real estate investment trust that owns and operates a portfolio of high-quality, retail-based properties located primarily in higher growth markets in the United States.

Vetoquinol

Market Cap: €856.4m

A veterinary pharmaceutical company, designs, develops, and sells veterinary drugs and non-medicinal products in Europe, the Americas, and the Asia Pacific region.

Ag Growth International

Market Cap: CA$789.6m

Manufactures and distributes equipment for bulk agriculture commodities worldwide.

ACT Energy Technologies

Market Cap: CA$164.6m

Provides directional drilling services to oil and natural gas companies in Canada and the United States.

CleanSpark

Market Cap: €2.7b

Operates as a bitcoin mining company in the Americas.