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.

China National Building Material

Market Cap: HK$26.8b

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

China Resources Land

Market Cap: HK$192.9b

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

Acrow

Market Cap: AU$311.0m

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

Shenzhen Transsion Holdings

Market Cap: CN¥88.5b

Manufactures and sells smart devices in Africa and internationally.

IPH

Market Cap: AU$1.2b

Provides intellectual property (IP) services and products.

Adaro Minerals Indonesia

Market Cap: Rp40.3t

Engages in metallurgical coal mining business in Indonesia.

Sinoma International EngineeringLtd

Market Cap: CN¥22.9b

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

Luxi Chemical Group

Market Cap: CN¥20.3b

Manufactures and sells chemical and fertilizer products.

Proya CosmeticsLtd

Market Cap: CN¥32.7b

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

Tsingtao Brewery

Market Cap: HK$87.5b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Trajan Group Holdings

Market Cap: AU$106.7m

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.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.8b

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.

Housing and Development Bank- Egypt (S.A.E)

Market Cap: ج.م33.5b

Together with its, provides corporate and retail banking services in Egypt.

BWG

Market Cap: NOK 17.7b

An investment holding company, engages in ship owning and chartering activities worldwide.

Steelcase

Market Cap: US$1.2b

Provides a portfolio of furniture and architectural products and services in the United States and internationally.

China Mengniu Dairy

Market Cap: €68.6b

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

Sanofi

Market Cap: €105.7b

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

Oceania Healthcare

Market Cap: AU$449.0m

Owns and operates retirement villages and care centres in New Zealand.

CENIT

Market Cap: €71.1m

Operates as an IT consultancy and software company that serves manufacturing and financial services industries in Germany, Austria, Switzerland, North America, Romania, France, Belgium, the Netherlands, and China.

ACM Research

Market Cap: €1.6b

Develops, manufactures, and sells capital equipment worldwide.

Intermediate Capital Group

Market Cap: UK£5.5b

A private equity firm specializing in direct and fund of fund investments.

Dell Technologies

Market Cap: US$74.4b

Designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally.

Koenig & Bauer

Market Cap: €214.2m

Develops and manufactures printing and postprint systems worldwide.

Burford Capital

Market Cap: US$2.8b

Provides legal finance products and services worldwide.

Fidelity National Financial

Market Cap: €15.2b

Provides various insurance products in the United States.

Arcadis

Market Cap: €4.0b

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

Sword Group

Market Cap: €332.1m

Provides IT and software solutions worldwide.

Kenmare Resources

Market Cap: UK£345.8m

Engages in the production and sale of mineral sand products in China, rest of Asia, Europe, the United States, and internationally.

Aica Kogyo Company

Market Cap: €227.5b

Develops, produces, and sells chemical products, and laminates and building materials in Japan and internationally.

Axalta Coating Systems

Market Cap: US$6.3b

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.

Thungela Resources

Market Cap: €11.3b

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

Robert Walters

Market Cap: €138.1m

Provides professional recruitment consultancy services worldwide.

Perrigo

Market Cap: €3.7b

Provides over-the-counter health and wellness solutions in the United States, Europe, and internationally.

Singulus Technologies

Market Cap: €18.3m

Develops and assembles machines and systems for thin-film coating and surface treatment processes worldwide.