Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Hansen Technologies

Market Cap: AU$1.0b

Engages in the development, integration, and support of billing and customer information systems.

Grafton Group

Market Cap: €1.7b

Distributes and sells building materials and construction related products in Ireland, the United Kingdom, Ireland, the Netherlands, Finland, and Spain.

Amphastar Pharmaceuticals

Market Cap: US$953.5m

A bio-pharmaceutical company, develops, manufactures, markets, and sells generic and proprietary injectable, inhalation, and intranasal products in the United States, China, and France.

Aegean Airlines

Market Cap: €1.1b

Operates as an airline company that engages in the provision of public airline transportation services in Greece and internationally.

ICG

Market Cap: UK£5.1b

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

Hoenle

Market Cap: €54.0m

Develops, manufactures, and distributes industrial UV technologies and systems in Germany and internationally.

Piraeus Bank

Market Cap: €10.2b

Provides various banking products and services in Greece, Europe, and internationally.

GWA Group

Market Cap: AU$527.3m

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

Industrial Bank

Market Cap: CN¥384.7b

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

Ingenia Communities Group

Market Cap: AU$1.7b

A leading operator, owner and developer of communities offering quality affordable rental and holiday accommodation focused on the growing seniors’ market in Australia.

Aurelia Metals

Market Cap: AU$431.8m

Engages in the exploration and production of mineral properties in Australia.

Bank Mandiri (Persero)

Market Cap: Rp419.6t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Malaysia, Hong Kong, Timor Leste, Shanghai, England, and the Cayman Islands.

Beijing New Building Materials

Market Cap: CN¥42.4b

Manufactures and sells building materials in China.

Ernst Russ

Market Cap: €273.6m

A publicly owned investment manager.

Aeris Resources

Market Cap: AU$431.0m

Explores, produces, and sells precious metals in Australia.

Rohto PharmaceuticalLtd

Market Cap: JP¥538.1b

Manufactures and markets pharmaceutical products, cosmetics, and functional foods worldwide.

Summerset Group Holdings

Market Cap: AU$2.1b

Develops, owns, and operates integrated retirement villages in New Zealand and Australia.

Security Bank

Market Cap: ₱49.7b

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

Aluminum Corporation of China

Market Cap: HK$230.0b

Primarily engages in the exploration and mining of bauxite, coal, and other resources in the People's Republic of China and internationally.

Nippon Paint Holdings

Market Cap: JP¥2.3t

Engages in the paints and fine chemicals businesses in Japan, Asia, the United States, Europe, and internationally.

GWA Group

Market Cap: AU$527.3m

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

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp278.4t

Provides information and communications technology, and telecommunications network services worldwide.

Ricegrowers

Market Cap: AU$898.2m

Operates as a rice food company in Australia, New Zealand, the Pacific Islands, Europe, the Middle East, Africa, Asia, and North America.

Morimatsu International Holdings

Market Cap: HK$8.2b

Designs, manufactures, installs, operates, and maintains core equipment, process systems, and solutions primarily for chemical reactions, biological reactions, and polymerization.

Industri Jamu dan Farmasi Sido Muncul

Market Cap: Rp14.7t

Provides herbal medicines, cosmetics, and foods and beverage products in Indonesia.

Ping An Bank

Market Cap: CN¥213.5b

Provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally.

Gourmet Master

Market Cap: NT$11.5b

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

LHN

Market Cap: S$265.7m

An investment holding company, engages in space optimization, property development, facilities management services, and energy businesses in Singapore, Hong Kong, Myanmar, Indonesia, and Cambodia.

Guangdong Haid Group

Market Cap: CN¥78.1b

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

Ansell

Market Cap: AU$3.7b

Designs, sources, develops, manufactures, distributes, and sells hand and body protection solutions in the Asia Pacific, Europe, the Middle East, Africa, Latin America, the Caribbean, and North America.

Indofood Sukses Makmur

Market Cap: Rp60.6t

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

F&F

Market Cap: ₩2.5t

Manufactures and sells apparel and accessories in South Korea.

Hansen Technologies

Market Cap: AU$1.0b

Engages in the development, integration, and support of billing and customer information systems.

KMD Brands

Market Cap: NZ$89.8m

Designs, markets, wholesales, and retails apparel, footwear, and equipment for surfing and the outdoors under the Kathmandu, Rip Curl, and Oboz brand names.

Jiangsu King's Luck Brewery Ltd

Market Cap: CN¥33.2b

Jiangsu King's Luck Brewery Joint-Stock Co.,Ltd.