Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Indofood Sukses Makmur

Market Cap: €52.5t

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

Bidvest Group

Market Cap: €77.2b

An investment holding company, engages in services, trading, and distribution businesses in South Africa and internationally.

Pepper Money

Market Cap: €754.7m

Operates as a non-bank lender in the mortgage and asset finance markets in Australia and New Zealand.

Kuaishou Technology

Market Cap: €229.8b

An investment holding company, provides live streaming, online marketing, and other services in the People’s Republic of China.

Forward Air

Market Cap: €504.9m

Operates as an asset-light freight and logistics company in the United States, Mexico, Europe, Asia, and Canada.

Tokuyama

Market Cap: €267.8b

Produces and sells various chemical products in Japan.

China Aviation Oil (Singapore)

Market Cap: €1.8b

Trades in and supplies jet fuel to civil aviation industry worldwide.

Howden Joinery Group

Market Cap: UK£4.2b

Supplies various kitchen, joinery, and hardware products in the United Kingdom, France, Belgium, and the Republic of Ireland.

Bertrandt

Market Cap: €150.6m

Provides engineering services.

A. O. Smith

Market Cap: €9.0b

Manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India.

GFT Technologies

Market Cap: €438.4m

Provides digital transformation services.

Hoenle

Market Cap: €52.0m

Develops, manufactures, and distributes industrial UV technologies and systems in Germany and internationally.

Trajan Group Holdings

Market Cap: AU$64.8m

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.

Sinoma International EngineeringLtd

Market Cap: CN¥27.0b

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

Aeris Resources

Market Cap: AU$502.8m

Explores, produces, and sells precious metals in Australia.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥9.3b

Provides chemical supply chain solutions worldwide.

Aurelia Metals

Market Cap: AU$406.4m

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

Morimatsu International Holdings

Market Cap: HK$8.4b

Designs, manufactures, installs, operates, and maintains core equipment, process systems, and solutions primarily for chemical reactions, biological reactions, and polymerization.

Indegene

Market Cap: ₹110.5b

Operates as a digital-first life sciences commercialization company in India, the United States, Europe, and internationally.

China Hongqiao Group

Market Cap: HK$347.4b

An investment holding company, manufactures and sells aluminum products.

Guangdong Haid Group

Market Cap: CN¥87.0b

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

Qoria

Market Cap: AU$395.7m

Qoria Limited markets, distributes, and sells cyber safety products and services in Australia, New Zealand, the United Kingdom, the United States, Europe, and internationally.

China Railway Group

Market Cap: CN¥128.1b

Operates as a multi-functional integrated construction company in Mainland China and internationally.

Ingenia Communities Group

Market Cap: AU$1.6b

Ingenia Communities Group (ASX: INA) is a leading operator, owner and developer of communities offering quality affordable rental and holiday accommodation focussed on the growing seniors’ market in Australia.

Lucky Harvest

Market Cap: CN¥7.8b

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

Longfor Group Holdings

Market Cap: HK$58.3b

An investment holding company, engages in the property development, commercial investment, asset management, property management, and smart construction businesses in the People’s Republic of China.

Vikram Solar

Market Cap: ₹70.7b

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

Summerset Group Holdings

Market Cap: AU$2.2b

Develops, owns, and operates integrated retirement villages in New Zealand and Australia.

Vedanta

Market Cap: ₹2.6t

A diversified natural resources company, explores, extracts, and processes minerals, and oil and gas in India, Europe, China, the United States, Mexico, and internationally.

IndiQube Spaces

Market Cap: ₹30.1b

Provides workplace solutions and value-added services in India.

Beijing New Building Materials

Market Cap: CN¥43.4b

Manufactures and sells building materials in China and internationally.

GPT Group

Market Cap: AU$8.8b

GPT is one of Australia’s leading property groups, with assets under management of $34.1 billion across a portfolio of high quality retail, office and logistics assets.

Grand Pharmaceutical Group

Market Cap: HK$23.3b

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.

China Mengniu Dairy

Market Cap: HK$61.7b

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

China Resources Land

Market Cap: HK$205.4b

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