Global Potentially Undervalued Companies

Carrefour

Market Cap: €12.6b

Operates as a food retailer in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, and Asia.

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.

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

BP

Market Cap: UK£52.5b

An integrated energy company, provides carbon products and services.

Ultimate Products

Market Cap: UK£54.1m

Supplies branded household products in the United Kingdom, Germany, Rest of Europe, and internationally.

China Everbright Environment Group

Market Cap: HK$21.1b

An investment holding company, provides environmental solutions worldwide.

Sinoma International EngineeringLtd

Market Cap: CN¥24.9b

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

Bank CIMB Niaga

Market Cap: Rp44.9t

Provides various banking products and services in Indonesia and internationally.

Shanghai Yuyuan Tourist Mart (Group)

Market Cap: CN¥21.6b

Shanghai Yuyuan Tourist Mart (Group) Co., Ltd.

Fujian Funeng

Market Cap: CN¥26.8b

Engages in the production and sale of electricity and heat in China.

Shenzhen YHLO Biotech

Market Cap: CN¥8.7b

Researches, develops, produces, sells, and services in vitro diagnostic instruments and reagents in China and internationally.

Adaro Minerals Indonesia

Market Cap: Rp36.0t

Engages in metallurgical coal mining business in Indonesia.

LX Semicon

Market Cap: ₩824.6b

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

Wus Printed Circuit (Kunshan)

Market Cap: CN¥53.6b

Engages in the research, development, design, manufacture, and sale of printed circuit boards in China.

COSCO SHIPPING Ports

Market Cap: HK$15.5b

An investment holding company, manages and operates ports and terminals in Mainland China, Hong Kong, Europe, and internationally.

China National Building Material

Market Cap: HK$31.0b

An investment holding company, engages in building material, new materials, and engineering technical services businesses.

Hubei Xingfa Chemicals Group

Market Cap: CN¥22.6b

Develops, produces, and sells phosphorus-based chemicals in China and internationally.

Grand Pharmaceutical Group

Market Cap: HK$20.3b

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 Resources Land

Market Cap: HK$189.3b

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

Jiangshan Oupai Door Industry

Market Cap: CN¥2.6b

Engages in the research, development, manufacture, processing, sale, and service of wooden doors in China and internationally.

Middle East Healthcare

Market Cap: ر.س6.1b

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

Anhui HeliLtd

Market Cap: CN¥14.5b

Engages in the manufacture and sale of industrial vehicles in the People’s Republic of China.

IPH

Market Cap: AU$1.2b

Provides intellectual property (IP) services and products.

Trajan Group Holdings

Market Cap: AU$114.3m

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.

Apeloa PharmaceuticalLtd

Market Cap: CN¥16.2b

Provides raw materials and intermediates to various pharmaceutical factories in the People’s Republic of China and internationally.

China Tower

Market Cap: HK$190.2b

Provides telecommunication tower infrastructure services in the People's Republic of China.

KMD Brands

Market Cap: AU$242.0m

Designs, markets, wholesales, and retails apparel, footwear, and equipment for surfing and the outdoors under the Kathmandu, Rip Curl, and Oboz brands in New Zealand, Australia, North America, Europe, Southeast Asia, and Brazil.

China Resources Power Holdings

Market Cap: HK$94.3b

An investment holding company, invests in, develops, operates, and manages power plants and coal mines in the People’s Republic of China.

Beijing New Building Materials

Market Cap: CN¥49.0b

Manufactures and sells building materials in China and internationally.

Ningbo Deye Technology Group

Market Cap: CN¥56.0b

Engages in the production and sales of heat exchangers, inverters, and dehumidifiers in China, the United Kingdom, the United States, Germany, India, and internationally.

Rayonier

Market Cap: US$3.9b

Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand.

Fourlis Holdings

Market Cap: €198.7m

Engages in the retail trading activities in Greece, Romania, Bulgaria, Cyprus, and Turkey.

Polar Capital Holdings

Market Cap: €361.5m

Polar Capital Holdings plc is a publicly owned investment manager.

Red Rock Resorts

Market Cap: US$4.1b

Through its interest in Station Casinos LLC, develops and manages casino and entertainment properties in the United States.

Eurobank Ergasias Services and Holdings

Market Cap: €8.6b

Provides retail, corporate and private banking, asset management, treasury, capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

Viatris

Market Cap: €9.0b

Operates as a healthcare company in North America, Europe, China, Taiwan, Hong Kong, Japan, Australia, New Zealand, rest of Asia, Africa, Latin America, and the Middle East.