Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Middle East Healthcare

Market Cap: ر.س4.1b

A healthcare provider, owns and operates a network of hospitals under the Saudi German Hospital name in the Middle East and North Africa.

Apeloa PharmaceuticalLtd

Market Cap: CN¥17.5b

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

China Mengniu Dairy

Market Cap: €56.0b

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

Befesa

Market Cap: €1.1b

Offers environmental recycling services to the steel and aluminum industries in the European, Asian, and North American markets.

Beijing New Building Materials

Market Cap: CN¥41.3b

Manufactures and sells building materials in China and internationally.

China Resources Land

Market Cap: HK$198.5b

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

Stanmore Resources

Market Cap: AU$2.0b

Engages in the exploration, development, production, and sale of metallurgical coal in Australia.

Anker Innovations

Market Cap: CN¥59.5b

Develops and sells mobile charging products.

China Railway Group

Market Cap: CN¥131.5b

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

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.2b

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.

Sinoma International EngineeringLtd

Market Cap: CN¥25.2b

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

Hikma Pharmaceuticals

Market Cap: €3.5b

Develops, manufactures, markets, and sells a range of generic, branded, and in-licensed pharmaceutical products.

Align Technology

Market Cap: €9.7b

Provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

McBride

Market Cap: €202.1m

Manufactures and sells private label household and personal care products to retailers and brand owners in the United Kingdom, Germany, France, Italy, Spain, rest of Europe, the Asia-Pacific, and internationally.

ANTA Sports Products

Market Cap: €225.1b

Engages in the research, design, development, manufacture, market, and sale of professional sports footwear, apparel, and accessories in China and internationally.

On the Beach Group

Market Cap: €309.7m

Operates as an online retailer of short haul beach holidays under the On the Beach brand name in the United Kingdom.

Comcast

Market Cap: €99.7b

Operates as a media and technology company worldwide.

Vallourec

Market Cap: €4.0b

Through its subsidiaries, provides tubular solutions for the oil and gas, industry, and new energies markets in Europe, North America, South America, Asia, the Middle East, and internationally.

Axalta Coating Systems

Market Cap: US$6.2b

Through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

Rithm Capital

Market Cap: US$6.1b

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

Wolters Kluwer

Market Cap: €21.9b

Provides professional information, software solutions, and services in the Netherlands, rest of Europe, the United States, Canada, the Asia Pacific, Africa, and internationally.

NetEase Cloud Music

Market Cap: HK$46.7b

An investment holding company, engages in the operation of online platforms to provide music and social entertainment services 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.

Guangdong Haid Group

Market Cap: CN¥95.8b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

IPH

Market Cap: AU$941.3m

Provides intellectual property (IP) services and products.

Yuan Long Ping High-Tech Agriculture

Market Cap: CN¥14.4b

Yuan Long Ping High-Tech Agriculture Co., Ltd.

C&D International Investment Group

Market Cap: HK$35.5b

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.

Adairs

Market Cap: AU$351.1m

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

Acrow

Market Cap: AU$335.5m

Provides smart integrated construction systems across formwork, industrial services, and commercial scaffolding in Australia.

GWA Group

Market Cap: AU$625.4m

Research, designs, manufactures, imports, and markets building fixtures and fittings to residential and commercial premises in Australia, New Zealand, the United Kingdom, and internationally.

China Pacific Insurance (Group)

Market Cap: CN¥325.6b

Provides insurance products to individual and institutional customers in the People’s Republic of China.

National Medical Care

Market Cap: ر.س7.2b

National Medical Care Company establishes, owns, equips, manages, maintains, and operates healthcare facilities in the Kingdom of Saudi Arabia.

Micro-Tech (Nanjing)Ltd

Market Cap: CN¥15.2b

Researches, develops, manufactures, and sells minimally invasive medical devices to hospitals and clinics worldwide.

Shenzhen Transsion Holdings

Market Cap: CN¥77.8b

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$109.1m

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.