Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

China Mengniu Dairy

Market Cap: HK$59.8b

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

China Railway Group

Market Cap: CN¥130.0b

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

Worley

Market Cap: AU$7.3b

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

Sinoma International EngineeringLtd

Market Cap: CN¥23.2b

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

Acrow

Market Cap: AU$317.2m

Provides smart integrated construction systems across formwork, industrial services, and commercial scaffolding in Australia.

Indofood Sukses Makmur

Market Cap: Rp67.2t

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

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.

IPH

Market Cap: AU$1.0b

Provides intellectual property (IP) services and products.

Industrial Bank

Market Cap: CN¥445.9b

Provides banking services in the People’s Republic of China.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.6b

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.

Beijing New Building Materials

Market Cap: CN¥43.0b

Manufactures and sells building materials in China and internationally.

China Overseas Property Holdings

Market Cap: HK$17.1b

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

Tsingtao Brewery

Market Cap: HK$86.5b

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

LX Semicon

Market Cap: ₩866.9b

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

Ganyuan Foods

Market Cap: CN¥5.3b

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

Proya CosmeticsLtd

Market Cap: CN¥31.9b

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

Monash IVF Group

Market Cap: AU$263.0m

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

Huhtamäki Oyj

Market Cap: €3.2b

Provides packaging solutions in the United States, Germany, the United Kingdom, India, Turkey, Australia, Thailand, Poland, South Africa, Spain, Finland, and internationally.

Flowco Holdings

Market Cap: US$1.4b

Through its subsidiaries, provides production optimization, artificial lift, and methane abatement solutions for the oil and natural gas industry in the United States.

PORR

Market Cap: €1.1b

Operates as a construction company in Austria, Germany, Poland, the Czech Republic, Italy, Romania, Switzerland, Serbia, Great Britain, Slovakia, Norway, Belgium, and internationally.

MONY Group

Market Cap: UK£1.1b

Engages in the provision of price comparison and lead generation services through its websites and applications in the United Kingdom.

TravelSky Technology

Market Cap: US$31.6b

Provides information technology (IT) solutions for the aviation and travel industries in the People’s Republic of China.

Perrigo

Market Cap: €3.1b

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

JOST Werke

Market Cap: €727.1m

Manufactures and supplies safety-critical systems for the commercial vehicle industry in Germany, Europe, North America, Asia, Pacific, and Africa.

Origin Enterprises

Market Cap: €413.0m

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

Austevoll Seafood

Market Cap: NOK 19.6b

A seafood company, produces and sells salmon and trout, whitefish, and pelagic in Norway, the European Union, the United Kingdom, Eastern Europe, Africa, North America, Asia, and South America.

GFT Technologies

Market Cap: €439.4m

Provides digital transformation services.

q.beyond

Market Cap: €108.4m

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

Austriacard Holdings

Market Cap: €190.0m

Operates as a technology company in the fields of people, authentication of object, and information management in Western Europe, Nordics, the Americas, Central and Eastern Europe, Germany, Austria, Switzerland, Türkiye, the Middle East, and Africa.

Ernst Russ

Market Cap: €227.7m

A publicly owned investment manager.

Huron Consulting Group

Market Cap: US$2.3b

Provides consultancy and managed services in the United States and internationally.

Diebold Nixdorf

Market Cap: US$2.2b

Engages in the automating, digitizing, and transforming the way people bank and shop worldwide.

Absa Group

Market Cap: €152.2b

Provides retail and business banking, corporate and investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

Arnoldo Mondadori Editore

Market Cap: €546.4m

Engages in publishing of books and magazines in Italy, rest of Europe, and the United States.

Huhtamäki Oyj

Market Cap: €3.2b

Provides packaging solutions in the United States, Germany, the United Kingdom, India, Turkey, Australia, Thailand, Poland, South Africa, Spain, Finland, and internationally.