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.

Rithm Capital

Market Cap: US$5.3b

Operates as an asset manager focused on real estate, credit, and financial services in the United States.

Taylor Morrison Home

Market Cap: €5.7b

Operates as a land developer and homebuilder in the United States.

Galp Energia SGPS

Market Cap: €9.4b

Operates as an integrated energy operator in Portugal and internationally.

Sinoma International EngineeringLtd

Market Cap: CN¥24.5b

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

CapitaLand Malaysia Trust

Market Cap: RM 1.9b

CapitaLand Malaysia Trust (CLMT) is a real estate investment trust (REIT) and was listed on the Main Market of Bursa Malaysia Securities Berhad on 16 July 2010.

Baoxiniao Holding

Market Cap: CN¥5.6b

Engages in the research and development, production, and sale of branded men and women clothing products in China.

Cahya Mata Sarawak Berhad

Market Cap: RM 977.9m

An investment holding company, engages in the manufacture and trading of cement and construction materials, construction, road maintenance, township, and property and infrastructure development businesses in Malaysia and internationally.

Hubei Xingfa Chemicals Group

Market Cap: CN¥22.1b

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

CLIO CosmeticsLtd

Market Cap: ₩340.3b

Provides makeup products in South Korea and internationally.

Seojin SystemLtd

Market Cap: ₩1.1t

Provides telecom equipment, repeaters, mechanical products, and LED and other equipment.

Beijing Urban Construction Investment & Development

Market Cap: CN¥10.5b

Beijing Urban Construction Investment & Development Co., Ltd.

Resonac Holdings

Market Cap: JP¥458.3b

Operates as a chemical company in Japan, China, rest of Asia, and internationally.

Future

Market Cap: JP¥157.8b

Provides IT consulting and services primarily in Japan.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥262.5b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Hu Lane Associate

Market Cap: NT$14.0b

Engages in manufacture and sale of terminal devices, terminal crimping, industrial rubber, and plastic products in Taiwan.

Binggrae

Market Cap: ₩846.2b

Engages in production and distribution of dairy products in South Korea and internationally.

Fujian Funeng

Market Cap: CN¥26.9b

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

Nitto Boseki

Market Cap: JP¥128.9b

Engages in the manufacture, processing, and sale of textile products and textile-related industrial goods, rock wool and building materials, glass fiber products, and specialty chemicals and medical products in Japan.

Jiangshan Oupai Door Industry

Market Cap: CN¥2.5b

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

LX Semicon

Market Cap: ₩809.1b

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

MC Group

Market Cap: ฿7.9b

Manufactures, distributes, and retails apparel, accessories, and lifestyle products in Thailand.

Inner Mongolia MengDian HuaNeng Thermal Power

Market Cap: CN¥26.4b

Engages in thermal power generation business.

Sime Darby Berhad

Market Cap: RM 14.2b

An investment holding company, operates in the industrial, motors, and other businesses in Malaysia, China, Australia, and internationally.

Guangdong Mingyang ElectricLtd

Market Cap: CN¥12.5b

Engages in the research, development, production, and sale of high/low voltage switchgear, transformer, and power transmission and distribution equipment in China.

Sinoma International EngineeringLtd

Market Cap: CN¥24.5b

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

Dai Nippon Printing

Market Cap: JP¥873.2b

Primarily engages in the printing business.

Emaar Properties PJSC

Market Cap: د.إ107.4b

Engages in the property investment, development, and development management business in the United Arab Emirates and internationally.

Nissui

Market Cap: JP¥268.5b

Engages in marine, food products, fine chemicals, distribution, and marine-related/engineering businesses in Japan and internationally.

Konica Minolta

Market Cap: JP¥205.2b

Engages in digital workplace, professional print, healthcare, and industrial businesses in Japan, China, other Asian countries, the United States, Europe, and internationally.

Tokyo Century

Market Cap: JP¥718.9b

Provides equipment leasing, mobility and fleet management, specialty financing, and international businesses in Japan, the United States, Ireland, The United Kingdom, Germany, Singapore, Malaysia, Thailand, China, the Philippines, Panama, Mexico, Brazil, and internationally.

Innocean Worldwide

Market Cap: ₩704.0b

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

Zhejiang Jiuzhou Pharmaceutical

Market Cap: CN¥11.9b

Operates as contract development and manufacturing organization company in China and internationally.

Sirio Pharma

Market Cap: CN¥5.8b

Operates as a contract manufacturer for dietary supplement industry worldwide.