Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Carlsberg

Market Cap: US$110.4b

Produces and markets beer and other beverage products in Denmark, China, the United Kingdom, and internationally.

Anhui Conch Cement

Market Cap: CN¥122.7b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.5b

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.

Shenzhen Transsion Holdings

Market Cap: CN¥85.7b

Provides smart devices and mobile services in Africa, South and Southeast Asia, the Middle East, Latin America, and internationally.

Trajan Group Holdings

Market Cap: AU$129.7m

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.

Indofood Sukses Makmur

Market Cap: Rp63.9t

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

IPH

Market Cap: AU$920.4m

Provides intellectual property (IP) services and products.

Monash IVF Group

Market Cap: AU$276.6m

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

China Resources Land

Market Cap: HK$209.1b

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

Proya CosmeticsLtd

Market Cap: CN¥30.1b

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

China Railway Group

Market Cap: CN¥133.4b

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

Worley

Market Cap: AU$7.2b

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

BOC Aviation

Market Cap: HK$48.0b

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.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥9.4b

Provides chemical supply chain solutions worldwide.

Beijing New Building Materials

Market Cap: CN¥40.5b

Manufactures and sells building materials in China and internationally.

Industrial Bank

Market Cap: CN¥431.7b

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

Sinoma International EngineeringLtd

Market Cap: CN¥25.0b

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

Assetwise

Market Cap: ฿5.6b

Engages in property development and other real estate activities in Thailand.

China Mengniu Dairy

Market Cap: HK$55.8b

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

Ganyuan Foods

Market Cap: CN¥5.0b

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

Bangchak Corporation

Market Cap: ฿40.3b

Engages in the refining and marketing of petroleum products in Thailand, Singapore, Norway, Korea, Laos, and internationally.

MONY Group

Market Cap: UK£1.0b

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

q.beyond

Market Cap: €108.4m

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

Prosegur Cash

Market Cap: €1.1b

Provides integrated cash cycle management solutions and automating payments in retail establishments and ATM management for financial institutions, retail establishments, business, government agencies, central banks, mints, and jewellery stores in Europe, LATAM, and internationally.

Sanofi

Market Cap: €105.5b

Engages in the research, development, manufacture, and marketing of therapeutic solutions.

Sangoma Technologies

Market Cap: US$229.0m

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

Brinker International

Market Cap: €5.9b

Owns, develops, operates, and franchises casual dining restaurants in the United States and internationally.

Trican Well Service

Market Cap: CA$1.2b

An equipment services company, provides various products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells in Canada.

Xerox Holdings

Market Cap: US$403.9m

Operates as a workplace technology company that integrates hardware, services, and software for enterprises in North America, Latin America, Europe, the Middle East, Africa, India, and internationally.

Indofood Sukses Makmur

Market Cap: €63.0t

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

Valeura Energy

Market Cap: €658.6m

Engages in the exploration, development, and production of petroleum and natural gas in Thailand and in Turkey.

Arjo

Market Cap: SEK 8.3b

Develops and sells medical devices and solutions for patients for clinical and financial outcomes for healthcare in Europe, Asia, Latin America, Africa, and Pacific.

Huhtamäki Oyj

Market Cap: €3.1b

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

Arnoldo Mondadori Editore

Market Cap: €555.5m

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

Kaufman & Broad

Market Cap: €568.7m

Operates as a property developer and builder in France.