Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

China Resources Land

Market Cap: HK$215.5b

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

China Railway Group

Market Cap: CN¥127.9b

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

Worley

Market Cap: AU$7.2b

Provides professional services to the energy, chemicals, and resources sectors in the Americas, Europe, the Middle East, Africa, Australia, the Asia Pacific, and China.

Trajan Group Holdings

Market Cap: AU$112.1m

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.

China Overseas Property Holdings

Market Cap: HK$16.4b

An investment holding company, provides property management services in Hong Kong, Macau, and Mainland China.

China Mengniu Dairy

Market Cap: HK$57.0b

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

IPH

Market Cap: AU$975.3m

Provides intellectual property (IP) services and products.

Tsingtao Brewery

Market Cap: HK$84.8b

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

Jiangsu Changshu Rural Commercial Bank

Market Cap: CN¥23.2b

Jiangsu Changshu Rural Commercial Bank Co., Ltd.

Indofood Sukses Makmur

Market Cap: Rp68.3t

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

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥8.5b

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

Middle East Healthcare

Market Cap: ر.س5.0b

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

Beijing New Building Materials

Market Cap: CN¥41.0b

Manufactures and sells building materials in China and internationally.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.1b

Engages in the manufacture and sale of pharmaceutical raw materials, and food and feed additives under the Star Lake and Yue Bao brand names in China and internationally.

C&D International Investment Group

Market Cap: HK$39.3b

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.

Ganyuan Foods

Market Cap: CN¥5.0b

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

Sinoma International EngineeringLtd

Market Cap: CN¥22.9b

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

Bank of China

Market Cap: HK$1.7t

Provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally.

Proya CosmeticsLtd

Market Cap: CN¥31.2b

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

China Construction Bank

Market Cap: HK$2.0t

Engages in the provision of various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally.

Shandong Yisheng Livestock & Poultry Breeding

Market Cap: CN¥9.4b

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd.

Monash IVF Group

Market Cap: AU$263.0m

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

China Mengniu Dairy

Market Cap: €57.0b

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

Valeura Energy

Market Cap: €741.5m

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

q.beyond

Market Cap: €107.1m

Engages in the cloud, applications, artificial intelligence (AI), and security business in Germany and internationally.

Grafton Group

Market Cap: €1.7b

Distributes and sells building materials and construction related products in Ireland, the United Kingdom, the Netherlands, Finland, and Spain.

Sword Group

Market Cap: €333.0m

Provides IT and software solutions worldwide.

Plumas Bancorp

Market Cap: US$301.6m

Operates as the bank holding company for the Plumas Bank that provides various banking products and services for small and middle market businesses and individuals in California, Nevada, and Oregon.

TotalEnergies

Market Cap: €113.8b

A multi-energy company, produces and markets oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity in France, rest of Europe, and internationally.

Semapa - Sociedade de Investimento e Gestão SGPS

Market Cap: €1.5b

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 internationally.

Indofood Sukses Makmur

Market Cap: €68.3t

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

Aica Kogyo Company

Market Cap: €230.8b

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

Kemira Oyj

Market Cap: €3.0b

Operates as a chemicals company in Finland, rest of Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Husqvarna

Market Cap: SEK 28.5b

Produces and sells outdoor power products, watering products, and lawn care power equipment.