Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Haidilao International Holding

Market Cap: HK$72.7b

An investment holding company, engages in the restaurant operation and delivery businesses in Mainland China, Hong Kong, Macau, and Taiwan.

Inspur Digital Enterprise Technology

Market Cap: HK$9.1b

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.

China Overseas Property Holdings

Market Cap: HK$16.1b

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

C&D International Investment Group

Market Cap: HK$37.3b

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.

Grand Pharmaceutical Group

Market Cap: HK$28.5b

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.

Cheerwin Group

Market Cap: HK$3.0b

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.

China Conch Venture Holdings

Market Cap: HK$17.6b

An investment holding company, provides various package solutions for energy conservation and environmental protection in Mainland China and the Asia-Pacific.

Kardemir Karabük Demir Çelik Sanayi Ve Ticaret

Market Cap: ₺32.0b

Kardemir Karabük Demir Çelik Sanayi ve Ticaret A.S.

Horizon Construction Development

Market Cap: HK$3.7b

Operates as an investment holding company that provides equipment operation services in the People's Republic of China.

China Mengniu Dairy

Market Cap: HK$55.9b

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

China Resources Land

Market Cap: HK$207.1b

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

BOC Aviation

Market Cap: HK$47.8b

Operates as an aircraft operating leasing company in Mainland China, Hong Kong, Macau, Taiwan, rest of the Asia Pacific, the Americas, Europe, the Middle East, and Africa.

Eiffage

Market Cap: €10.4b

Engages in the construction and concessions industries in France, rest of Europe, and internationally.

Sulzer

Market Cap: CHF 4.5b

Develops and sells products and services for fluid engineering and chemical processing applications worldwide.

Ernst Russ

Market Cap: €234.5m

A publicly owned investment manager.

Aica Kogyo Company

Market Cap: €222.2b

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

Transcontinental

Market Cap: €1.6b

Engages in the flexible packaging business in Canada, the United States, Latin America, the United Kingdom, and internationally.

FirstSun Capital Bancorp

Market Cap: US$1.1b

Operates as the bank holding company for Sunflower Bank, National Association that provides commercial and consumer banking and financial services to small and medium-sized companies in Texas, Kansas, Colorado, New Mexico, Arizona, California, and Washington.

OFG Bancorp

Market Cap: €1.7b

A financial holding company, provides a range of banking and financial services in the United States.

Grand Pharmaceutical Group

Market Cap: €28.5b

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.

Talgo

Market Cap: €315.9m

Engages in design, manufacture, and maintenance of railway and auxiliary machinery for the maintenance of railway systems rolling stock worldwide.

DEME Group

Market Cap: €3.4b

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.

Asahi Group Holdings

Market Cap: €2.6t

Manufactures and sells beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

BYD Electronic (International)

Market Cap: US$86.6b

An investment holding company, primarily engages in the design, manufacture, assembly, and sale of mobile handset components, modules, and other products in the People’s Republic of China and internationally.

Amphastar Pharmaceuticals

Market Cap: US$1.1b

A bio-pharmaceutical company, develops, manufactures, markets, and sells generic and proprietary injectable, inhalation, and intranasal products in the United States, China, and France.

Carmila

Market Cap: €2.4b

As the third-largest listed owner of commercial property in Europe, Carmila was founded by Carrefour and large institutional investors in order to enhance the value of shopping centres adjoining Carrefour hypermarkets in France, Spain and Italy.

Science Applications International

Market Cap: €4.3b

Provides technical, engineering, and enterprise information technology (IT) services in the United States.

EOG Resources

Market Cap: €58.3b

Explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas in producing basins in the United States, the Republic of Trinidad and Tobago, and internationally.

Hackett Group

Market Cap: US$510.3m

Operates as an intellectual property platform-based generative artificial intelligence strategic consulting and executive advisory digital transformation in the United States, Europe, and internationally.

Silgan Holdings

Market Cap: US$4.8b

Manufactures and sells rigid packaging solutions for consumer goods products in the United States 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.

Royalty Pharma

Market Cap: US$21.7b

Operates as a buyer of biopharmaceutical royalties and a funder of innovation in the biopharmaceutical industry in the United States.

lastminute.com

Market Cap: CHF 149.2m

Operates in the online travel industry providing dynamic holiday packages in Italy, Spain, the United Kingdom, France, Germany, and internationally.

Capital Bancorp

Market Cap: US$485.1m

Operates as the bank holding company for Capital Bank, N.A.

Sangoma Technologies

Market Cap: US$234.6m

Develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications in the United States of America and internationally.