Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Pepper Money

Market Cap: €754.7m

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

Bidvest Group

Market Cap: €77.2b

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

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.

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.

ANTA Sports Products

Market Cap: €214.1b

Engages in the research, design, development, manufacture, market, and sale of professional sports footwear, apparel, and accessories in China and internationally.

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.

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.

NetEase

Market Cap: US$561.0b

Engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally.

Bertrandt

Market Cap: €150.6m

Provides engineering services.

ISOTeam

Market Cap: S$63.7m

Operates in the building maintenance and estate upgrading industry in Singapore.

Indegene

Market Cap: ₹110.5b

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

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.

China Hongqiao Group

Market Cap: HK$347.4b

An investment holding company, manufactures and sells aluminum products.

Vikram Solar

Market Cap: ₹70.7b

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

China South Publishing & Media Group

Market Cap: CN¥19.7b

Engages in the publishing, printing, distribution, media, and financing businesses in China.

Geely Automobile Holdings

Market Cap: CN¥229.2b

An investment holding company, operates as an automobile manufacturer primarily in the People’s Republic of China.

Cheerwin Group

Market Cap: HK$2.9b

An investment holding company, manufactures and trades household insecticides and repellents, household cleaning, air care, personal care, pet stores and pet products, and other products in the People’s Republic of China.

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.

Inspur Digital Enterprise Technology

Market Cap: HK$3.7b

An investment holding company, engages in management software development, cloud services, and sale of Internet of Things (IoT) solutions in the People’s Republic of China.

Indofood Sukses Makmur

Market Cap: Rp52.9t

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

China Mobile

Market Cap: HK$1.7t

Provides telecommunications and information related services in Mainland China and Hong Kong.

Hoa Phat Group

Market Cap: ₫202.2t

Produces and sells steel products in Vietnam.

Prudential

Market Cap: HK$26.7b

Through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa.

Dentsu Group

Market Cap: JP¥710.6b

Operates in the advertising business in Japan, the Americas, Europe, the Middle East and Africa, and the Asia Pacific.

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.

LHN

Market Cap: S$241.5m

An investment holding company, engages in space optimization, property development, facilities management services, and energy businesses in Singapore, Hong Kong, Myanmar, Indonesia, and Cambodia.

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.

Global Power Synergy

Market Cap: ฿93.8b

Engages in the production and distribution of electricity, steam, and water for industrial use to the government and industrial customers in Thailand.

Aurelia Metals

Market Cap: AU$406.4m

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

Hyosung TNC

Market Cap: ₩1.7t

Manufactures and sells fiber in South Korea and internationally.