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.

Shanghai Yuyuan Tourist Mart (Group)

Market Cap: CN¥21.5b

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

Wus Printed Circuit (Kunshan)

Market Cap: CN¥52.8b

Engages in the research, development, design, manufacture, and sale of printed circuit boards in China.

Parade Technologies

Market Cap: NT$41.4b

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

Shenzhen YHLO Biotech

Market Cap: CN¥8.6b

Researches, develops, produces, sells, and services in vitro diagnostic instruments and reagents in China and internationally.

KMD Brands

Market Cap: AU$234.9m

Designs, markets, wholesales, and retails apparel, footwear, and equipment for surfing and the outdoors under the Kathmandu, Rip Curl, and Oboz brands in New Zealand, Australia, North America, Europe, Southeast Asia, and Brazil.

Hubei Xingfa Chemicals Group

Market Cap: CN¥22.5b

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

Grand Pharmaceutical Group

Market Cap: HK$19.6b

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.

China Everbright Environment Group

Market Cap: HK$21.1b

An investment holding company, provides environmental solutions worldwide.

Sinoma International EngineeringLtd

Market Cap: CN¥24.8b

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

Adaro Minerals Indonesia

Market Cap: Rp36.2t

Engages in metallurgical coal mining business in Indonesia.

China National Building Material

Market Cap: HK$30.9b

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

Beijing New Building Materials

Market Cap: CN¥49.0b

Manufactures and sells building materials in China and internationally.

Apeloa PharmaceuticalLtd

Market Cap: CN¥16.0b

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

Anhui HeliLtd

Market Cap: CN¥14.4b

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

IPH

Market Cap: AU$1.2b

Provides intellectual property (IP) services and products.

Trajan Group Holdings

Market Cap: AU$120.4m

Develops, manufactures, sells, and distributes analytical and life science products and devices in Australia, New Zealand, Malaysia, Japan, the United States, Europe, the Middle East, Africa, and India.

Fujian Funeng

Market Cap: CN¥27.0b

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

China Overseas Property Holdings

Market Cap: HK$17.3b

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

China Resources Land

Market Cap: HK$187.5b

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

Jiangshan Oupai Door Industry

Market Cap: CN¥2.6b

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

LX Semicon

Market Cap: ₩823.0b

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

China Tower

Market Cap: HK$190.2b

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

COSCO SHIPPING Ports

Market Cap: HK$15.5b

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

Fortune Brands Innovations

Market Cap: US$6.3b

Engages in the provision of home and security products for residential home repair, remodeling, new construction, and security applications in the United States and internationally.

Red Rock Resorts

Market Cap: US$4.2b

Through its interest in Station Casinos LLC, develops and manages casino and entertainment properties in the United States.

TEGNA

Market Cap: US$2.5b

Operates as a journalism company in the United States.

Timken

Market Cap: €4.3b

Designs, manufactures, and sells engineered bearings and industrial motion products, and related services in the United States and internationally.

Reynolds Consumer Products

Market Cap: €5.0b

Produces and sells products in cooking, waste and storage, and tableware product categories in the United States and internationally.

Quest Resource Holding

Market Cap: €50.8m

Provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States.

RioCan Real Estate Investment Trust

Market Cap: CA$4.9b

RioCan is one of Canada’s largest real estate investment trusts.

Sanofi

Market Cap: €112.1b

A healthcare company, engages in the research, development, manufacture, and marketing of therapeutic solutions in the United States, Europe, and internationally.

Hamilton Insurance Group

Market Cap: US$1.9b

Through its subsidiaries, operates as specialty insurance and reinsurance company in Bermuda and internationally.

Nordex

Market Cap: €3.7b

Develops, manufactures, and distributes multi-megawatt onshore wind turbines worldwide.