Global Potentially Undervalued Companies

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.

Konica Minolta

Market Cap: JP¥218.0b

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

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥12.9b

Manufactures and sells steel structures and supporting products in China and internationally.

Vallourec

Market Cap: €3.5b

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.

KBR

Market Cap: US$6.8b

Provides scientific, technology, and engineering solutions to governments and commercial customers worldwide.

Thungela Resources

Market Cap: €11.9b

Engages in the mining and production of thermal coal in South Africa and Australia.

Autohome

Market Cap: US$2.9b

Operates as an online destination for automobile consumers in the People’s Republic of China.

Austevoll Seafood

Market Cap: NOK 18.8b

A seafood company, produces and sells salmon and trout, whitefish, and pelagic in Norway, the European Union, the United Kingdom, Eastern Europe, Africa, North America, Asia, and South America.

United Bank for Africa

Market Cap: ₦1.4t

Primarily provides corporate, commercial, and retail banking services in Nigeria, rest of Africa, and internationally.

Alaris Equity Partners Income Trust

Market Cap: €842.5m

A private equity firm specializing in management buyouts, growth capital, lower & middle market, later stage, industry consolidation, growth capital, and mature investments.

Jonjee Hi-Tech Industrial and Commercial HoldingLtd

Market Cap: CN¥14.5b

Produces and sells seasoning products in China and internationally.

Iochpe-Maxion

Market Cap: R$1.8b

Produces and sells automotive wheels and structural components for commercial and light vehicles in North America, South America, Europe, Asia, and internationally.

CES Energy Solutions

Market Cap: €1.4b

Engages in the design, implementation, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada.

Merck KGaA

Market Cap: US$50.2b

Operates as a science and technology company in Germany.

Cheil Worldwide

Market Cap: ₩1.9t

Provides various marketing solutions worldwide.

Jiangsu Xinquan Automotive TrimLtd

Market Cap: CN¥23.0b

Designs, develops, manufactures, sells, and supplies auto parts in China.

Xiamen C&D

Market Cap: CN¥29.2b

Engages in the supply chain and real estate development businesses in China and internationally.

Mitek Systems

Market Cap: US$427.8m

Provides mobile image capture and digital identity verification solutions worldwide.

Ceconomy

Market Cap: €1.3b

Engages in the consumer electronics retail business.

Zhejiang Yinlun MachineryLtd

Market Cap: CN¥20.6b

Engages in the research and development, manufacturing, and sale of various thermal management and exhaust gas post-treatment products.

Gamma Communications

Market Cap: UK£1.1b

Provides technology-based communications and software services for small, medium, and large sized to businesses in the United Kingdom and Europe.

Ribbon Communications

Market Cap: US$596.7m

Provides communications technology in the United States, Europe, the Middle East, Africa, the Asia Pacific, 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.

DUG Technology

Market Cap: AU$150.8m

Dug Technology Ltd, a technology company, provides hardware and software solutions for the technology and resource sectors in Australia, the United States, the United Kingdom, Malaysia, and the United Arab Emirates.

REC

Market Cap: ₹1.1t

Engages in the provision of financing services for power generation, transmission, and distribution projects in India.

Hyosung TNC

Market Cap: ₩1.0t

Manufactures and sells fiber in South Korea and internationally.

Goldwind Science&Technology

Market Cap: CN¥36.2b

Provides wind power solutions in China and internationally.

Hoa Phat Group

Market Cap: ₫164.7t

Produces and sells steel products in Vietnam.

Sinoma International EngineeringLtd

Market Cap: CN¥23.8b

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

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.4b

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.

Daido Steel

Market Cap: JP¥200.9b

Manufactures and sells steel products in Japan and internationally.

Guangdong Mingyang ElectricLtd

Market Cap: CN¥11.8b

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

ShenZhen YUTO Packaging Technology

Market Cap: CN¥21.8b

ShenZhen YUTO Packaging Technology Co., Ltd.

Shandong Yisheng Livestock & Poultry Breeding

Market Cap: CN¥9.0b

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd.

Proya CosmeticsLtd

Market Cap: CN¥35.0b

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