Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

NetEase Cloud Music

Market Cap: HK$44.3b

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.

Innocean Worldwide

Market Cap: ₩720.4b

Provides marketing and communications services in the Americas, Europe, Asia, Oceania, the Middle East, and internationally.

Adairs

Market Cap: AU$331.6m

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

Huaqin Technology

Market Cap: CN¥89.7b

Engages in the development, manufacturing, and operation service of software, hardware, systems for tech companies worldwide.

Emaar Properties PJSC

Market Cap: د.إ122.0b

Engages in the property investment, development, and development management business in the United Arab Emirates and internationally.

Anker Innovations

Market Cap: CN¥57.7b

Develops and sells mobile charging products.

Indofood Sukses Makmur

Market Cap: Rp62.3t

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

China Resources Land

Market Cap: HK$217.5b

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

Sinoma International EngineeringLtd

Market Cap: CN¥24.8b

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

Cheerwin Group

Market Cap: HK$3.0b

An investment holding company, manufactures and trades household insecticides and repellents, household cleaning, air care, personal care, pet stores and pet products, and other products in the People’s Republic of China.

CapitaLand Malaysia Trust

Market Cap: RM 2.1b

CapitaLand Malaysia Trust (CLMT) is a real estate investment trust (REIT) listed on the Main Market of Bursa Malaysia Securities Berhad since 16 July 2010.

GWA Group

Market Cap: AU$624.5m

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

LX Semicon

Market Cap: ₩827.9b

Operates as a semiconductor company in South Korea, China, Vietnam, Taiwan, Japan, and internationally.

Tenaga Nasional Berhad

Market Cap: RM 78.2b

Engages in the generation, transmission, distribution, and sale of electricity in Malaysia, the United Kingdom, Kuwait, the Republic of Ireland, Australia, and internationally.

DUG Technology

Market Cap: AU$274.2m

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.

Chongqing Baiya Sanitary Products

Market Cap: CN¥9.6b

Chongqing Baiya Sanitary Products Co., Ltd.

E7 Group PJSC

Market Cap: د.إ2.1b

Engages in commercial printing, packaging, and distribution business in the United Arab Emirates.

Chambal Fertilisers and Chemicals

Market Cap: ₹185.7b

Produces and sells fertilizers primarily in India.

Beijing New Building Materials

Market Cap: CN¥41.9b

Manufactures and sells building materials in China and internationally.

Inspur Digital Enterprise Technology

Market Cap: HK$9.0b

An investment holding company, engages in management software development, cloud services, and sale of Internet of Things (IoT) solutions in the People’s Republic of China.

Gourmet Master

Market Cap: NT$11.4b

Operates and franchises chain stores in China, Taiwan, Hong Kong, the United States, and internationally.

Bethel Automotive Safety Systems

Market Cap: CN¥28.5b

Develops, manufactures, and sells automotive safety systems and advanced driver assistance systems in China.

Binggrae

Market Cap: ₩665.8b

Engages in production and sale of dairy products in South Korea and internationally.

MCNEX

Market Cap: ₩426.2b

Manufactures and sells camera modules in South Korea and internationally.

Security Bank

Market Cap: ₱49.8b

Provides banking and financial products and services to wholesale and retail clients in the Philippines.

C&D International Investment Group

Market Cap: HK$37.3b

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.

Indorama Ventures

Market Cap: ฿94.3b

Manufactures and distributes petrochemical products in Thailand, the United States, Brazil, and internationally.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥9.5b

Provides chemical supply chain solutions worldwide.

Acrow

Market Cap: AU$327.8m

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

Micro-Tech (Nanjing)Ltd

Market Cap: CN¥15.7b

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

Apeloa PharmaceuticalLtd

Market Cap: CN¥18.1b

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

Horizon Construction Development

Market Cap: HK$3.7b

Operates as an investment holding company that provides equipment operation services in the People's Republic of China.

Huaibei Mining HoldingsLtd

Market Cap: CN¥35.6b

Primarily engages in coal mining, washing, processing, sales, and production of coal chemical products in China.

IPH

Market Cap: AU$941.3m

Provides intellectual property (IP) services and products.

China Railway Group

Market Cap: CN¥131.8b

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