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.

Apeloa PharmaceuticalLtd

Market Cap: CN¥15.5b

Provides raw materials and intermediates to various pharmaceutical factories in the People’s Republic of China and internationally.

Anhui HeliLtd

Market Cap: CN¥13.9b

Engages in the manufacture and sale of industrial vehicles in the People’s Republic of China.

China Tower

Market Cap: HK$192.3b

Provides telecommunication tower infrastructure services in the People's Republic of China.

IPH

Market Cap: AU$1.2b

Provides intellectual property (IP) services and products.

Shanghai Yuyuan Tourist Mart (Group)

Market Cap: CN¥21.8b

Shanghai Yuyuan Tourist Mart (Group) Co., Ltd.

China Everbright Environment Group

Market Cap: HK$20.9b

An investment holding company, provides environmental solutions worldwide.

COSCO SHIPPING Ports

Market Cap: HK$15.3b

An investment holding company, manages and operates ports and terminals in Mainland China, Hong Kong, Europe, and internationally.

Adairs

Market Cap: AU$374.6m

Operates as a specialty retailer of home furnishings, furniture, and decoration products in Australia and New Zealand.

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: ₩813.2b

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

China National Building Material

Market Cap: HK$30.5b

An investment holding company, engages in building material, new materials, and engineering technical services businesses.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥7.7b

Provides chemical supply chain solutions in China 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.

Beijing New Building Materials

Market Cap: CN¥49.2b

Manufactures and sells building materials in China and internationally.

Sunshine Insurance Group

Market Cap: HK$38.6b

Provides various insurance products and related services in the People’s Republic of China.

China Resources Power Holdings

Market Cap: HK$95.8b

An investment holding company, invests in, develops, operates, and manages power plants and coal mines in the People’s Republic of China.

Hubei Xingfa Chemicals Group

Market Cap: CN¥22.2b

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

Fujian Funeng

Market Cap: CN¥27.1b

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

Austevoll Seafood

Market Cap: NOK 19.3b

A seafood company, engages in the production of salmon and trout, white fish, and pelagic in Norway, the European Union, the United Kingdom, Eastern Europe, Africa, North America, Asia, and South America.

Security Bank

Market Cap: ₱51.7b

Provides banking and financial products and services to wholesale and retail clients in the Philippines.

Grand Pharmaceutical Group

Market Cap: HK$19.2b

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.

Zhejiang Jiuzhou Pharmaceutical

Market Cap: CN¥11.9b

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

Tenaris

Market Cap: €15.7b

Manufactures and supplies steel pipe products and related services for the energy industry and other industrial applications in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Rayonier

Market Cap: US$3.9b

Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand.

Viatris

Market Cap: €8.9b

Operates as a healthcare company in North America, Europe, China, Taiwan, Hong Kong, Japan, Australia, New Zealand, rest of Asia, Africa, Latin America, and the Middle East.

Leggett & Platt

Market Cap: US$900.1m

Designs, manufactures, and sells engineered components and products in the United States, Europe, China, Canada, Mexico, and internationally.

GE HealthCare Technologies

Market Cap: €28.9b

Engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally.

WESCO International

Market Cap: US$7.3b

Provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally.

Arcadis

Market Cap: €3.6b

Offers design, engineering, architecture, and consultancy solutions for natural and built assets in The Americas, Europe, the Middle East, and the Asia Pacific.

KWS SAAT SE KGaA

Market Cap: €1.8b

KWS SAAT SE & Co. KGaA breeds, produces, and distributes seeds for agriculture.

Open Text

Market Cap: €6.7b

Engages in the provision of information management products and services.

Bayerische Motoren Werke

Market Cap: €43.7b

Develops, manufactures, and sells automobiles and motorcycles, spare parts, and accessories worldwide.

Cineplex

Market Cap: CA$565.8m

Operates as an entertainment and media company in Canada and internationally.