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.

Trajan Group Holdings

Market Cap: AU$140.2m

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$17.5b

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

Beijing New Building Materials

Market Cap: CN¥45.1b

Manufactures and sells building materials in China and internationally.

Aeon (M) Bhd

Market Cap: RM 1.8b

Operates and manages a retail chain of departmental stores and supermarkets in Malaysia.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥8.6b

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

Hangzhou Binjiang Real Estate GroupLtd

Market Cap: CN¥32.9b

Provides real estate development services in China.

Innocean Worldwide

Market Cap: ₩734.4b

Provides marketing and communications services in the Americas, Europe, Asia, Oceania, the Middle East, and internationally.

Regeneron Pharmaceuticals

Market Cap: €60.2b

Regeneron Pharmaceuticals, Inc. discovers, invents, develops, manufactures, and commercializes medicines for treating various diseases worldwide.

Regeneron Pharmaceuticals

Market Cap: €60.2b

Regeneron Pharmaceuticals, Inc. discovers, invents, develops, manufactures, and commercializes medicines for treating various diseases worldwide.

DEME Group

Market Cap: €3.3b

Provides marine solutions in the fields of offshore energy, dredging, marine infrastructure, and environmental works in Belgium, Europe, Africa, the United States, Asia, Oceania, and the Middle East.

EVS Broadcast Equipment

Market Cap: €475.9m

Provides live video technology for broadcast and media productions in the United States, Europe, Africa, Middle East, and Asia Pacific.

Econocom Group

Market Cap: €298.7m

Designs and develops digital solutions for public and private companies in Belgium and internationally.

Havas

Market Cap: €1.5b

Provides communications and marketing services in France, the United Kingdom, rest of Europe, North America, Latin America, the Asia-Pacific, and Africa.

Prosegur Cash

Market Cap: €1.0b

Provides integrated cash cycle management solutions and automating payments in retail establishments and ATM management for financial institutions, retail establishments, business, government agencies, central banks, mints, and jewellery stores in Europe, LATAM, and internationally.

Semapa - Sociedade de Investimento e Gestão SGPS

Market Cap: €1.4b

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.

Capgemini

Market Cap: €20.6b

Provides consulting, digital transformation, technology, and engineering services primarily in North America, France, the United Kingdom, Ireland, the rest of Europe, the Asia-Pacific, and Latin America.

Pollard Banknote

Market Cap: €510.8m

Manufactures and sells lottery and charitable gaming products and solutions in the United States, Canada, and internationally.

Perrigo

Market Cap: €3.3b

Provides over-the-counter health and wellness solutions in the United States, Europe, and internationally.

GFT Technologies

Market Cap: €459.9m

Provides digital transformation services.

Origin Enterprises

Market Cap: €405.6m

Provides agronomy services company in Ireland, the United Kingdom, Brazil, Poland, Romania, Latin America, and internationally.

Anheuser-Busch InBev

Market Cap: €104.5b

Produces, distributes, exports, markets, and sells beer in North America, Middle Americas, South America, Europe, the Middle East, Africa, and the Asia Pacific.

q.beyond

Market Cap: €114.6m

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

Beazley

Market Cap: €4.7b

Provides risk insurance and reinsurance solutions in the United States, the United Kingdom, rest of Europe, and internationally.

74Software

Market Cap: €1.2b

Operates as a software company in France.

LKQ

Market Cap: US$8.4b

Engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories.

Persimmon

Market Cap: UK£3.4b

Operates as a house builder in the United Kingdom.

Cabka

Market Cap: €46.1m

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

China Mengniu Dairy

Market Cap: €59.3b

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: €558.9m

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

DOF Group

Market Cap: €24.1b

Owns and operates a fleet of offshore and subsea vessels.

Highwood Asset Management

Market Cap: CA$78.3m

Together with its subsidiary, operates as an oil and gas exploration and production company in Canada.

MGM Resorts International

Market Cap: US$10.8b

Through its subsidiaries, operates as a gaming and entertainment company in the United States, China, and internationally.

Teva Pharmaceutical Industries

Market Cap: €21.1b

Develops, manufactures, markets, and distributes generic and other medicines, and biopharmaceutical products in the United States, Europe, Israel, and internationally.

Gecina

Market Cap: €6.2b

A leading operator, that fully integrates all real estate expertise, owning, managing, and developing a unique prime portfolio valued at 17.0bn Euro as at June 30, 2025.