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$103.4b

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

China Resources Land

Market Cap: HK$214.6b

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

Trajan Group Holdings

Market Cap: AU$114.4m

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.

Bank of China

Market Cap: HK$1.7t

Provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally.

Vardhman Textiles

Market Cap: ₹120.6b

Manufactures, purchases, and sells textiles and fibres in India and internationally.

China Mengniu Dairy

Market Cap: HK$56.7b

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

C&D International Investment Group

Market Cap: HK$40.1b

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.

REC

Market Cap: ₹1.0t

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

Middle East Healthcare

Market Cap: ر.س5.2b

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

Beijing New Building Materials

Market Cap: CN¥41.1b

Manufactures and sells building materials in China and internationally.

Industrial Bank

Market Cap: CN¥428.3b

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

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥8.7b

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

China Overseas Property Holdings

Market Cap: HK$16.3b

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

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.

Ganyuan Foods

Market Cap: CN¥5.1b

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

China Construction Bank

Market Cap: HK$2.0t

Engages in the provision of various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally.

Sinoma International EngineeringLtd

Market Cap: CN¥22.9b

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

Tsingtao Brewery

Market Cap: HK$85.5b

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

IPH

Market Cap: AU$970.1m

Provides intellectual property (IP) services and products.

Shandong Yisheng Livestock & Poultry Breeding

Market Cap: CN¥9.4b

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd.

Monash IVF Group

Market Cap: AU$261.1m

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

China Railway Group

Market Cap: CN¥127.4b

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

Proya CosmeticsLtd

Market Cap: CN¥31.3b

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

freenet

Market Cap: €3.2b

Provides telecommunications, broadcasting, and multimedia services for mobile communications/mobile internet, and digital lifestyle sectors in Germany.

Sangoma Technologies

Market Cap: US$230.0m

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

Comcast

Market Cap: €116.7b

Operates as a media and technology company worldwide.

Intrum

Market Cap: €6.5b

Provides payment solutions, and credit and collection services in Europe and internationally.

Tristel

Market Cap: UK£174.2m

Develops, manufactures, and sells infection prevention products in the United Kingdom, Australia, Germany, Western Europe, and internationally.

Havas

Market Cap: €1.5b

Provides communications and marketing services in France, the United Kingdom, rest of Europe, North America, Latin America, the Asia-Pacific, and Africa.

Perrigo

Market Cap: €2.9b

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

Origin Enterprises

Market Cap: €424.8m

Provides agronomy services company in Ireland, the United Kingdom, Brazil, Poland, Romania, Latin America, and internationally.

Bertrandt

Market Cap: €185.9m

Provides engineering services.

Continental

Market Cap: US$11.3b

A technology company, provides solutions for vehicles, machines, traffic, and transportation worldwide.

74Software

Market Cap: €1.1b

Operates as a software company in France.