Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

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.

Corpovael. de

Market Cap: Mex$1.0b

Engages in the design, urbanization, construction, promotion, and sale of homes in Mexico.

Galp Energia SGPS

Market Cap: US$11.0b

Operates as an integrated energy operator in Portugal and internationally.

Highwood Asset Management

Market Cap: CA$77.5m

Together with its subsidiary, operates as an oil and gas exploration and production company in Canada.

True Corporation

Market Cap: ฿390.4b

Provides telecommunications and value-added services in Thailand.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥13.0b

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.

Proya CosmeticsLtd

Market Cap: CN¥32.9b

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

China Overseas Property Holdings

Market Cap: HK$17.2b

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

Indofood Sukses Makmur

Market Cap: Rp65.2t

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

Haidilao International Holding

Market Cap: HK$75.4b

An investment holding company, engages in the restaurant operation and delivery businesses.

Proya CosmeticsLtd

Market Cap: CN¥32.9b

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

F&F

Market Cap: ₩2.6t

Manufactures and sells sewn wearing apparels in South Korea.

Assetwise

Market Cap: ฿4.7b

Engages in property development and other real estate activities in Thailand.

Acrow

Market Cap: AU$315.7m

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

Innocean Worldwide

Market Cap: ₩730.8b

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

Cheil Worldwide

Market Cap: ₩2.0t

Provides various marketing solutions worldwide.

Sinoma International EngineeringLtd

Market Cap: CN¥23.8b

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

Summerset Group Holdings

Market Cap: AU$2.6b

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

Binggrae

Market Cap: ₩634.0b

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

Monash IVF Group

Market Cap: AU$274.7m

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

Bethel Automotive Safety Systems

Market Cap: CN¥28.8b

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

Foxsemicon Integrated Technology

Market Cap: NT$31.3b

Engages in the research, development, design, manufacturing, and sale of semiconductor equipment subsystems and system integration in Taiwan, the United States, China, and internationally.

Gansu Shangfeng CementLtd

Market Cap: CN¥8.3b

Manufactures and sells building materials, and cement and cement clinker products in China.

Emaar Properties PJSC

Market Cap: د.إ126.4b

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

Jinzai Food GroupLtd

Market Cap: CN¥5.6b

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

Beijing Urban Construction Investment & Development

Market Cap: CN¥10.4b

Beijing Urban Construction Investment & Development Co., Ltd.

Vardhman Textiles

Market Cap: ₹118.4b

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

Bangchak Corporation

Market Cap: ฿42.3b

Engages in the refining and marketing of petroleum products in Thailand, Singapore, Norway, Korea, Laos, and internationally.

Sinoma International EngineeringLtd

Market Cap: CN¥23.8b

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

WemadeLtd

Market Cap: ₩941.5b

Develops and publishes games in South Korea and internationally.

BOE Varitronix

Market Cap: HK$4.5b

An investment holding company, designs, manufactures, and sells liquid crystal display and related products in the People’s Republic of China, Europe, the United States, Korea, Japan, and internationally.

China Railway Group

Market Cap: CN¥129.9b

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

China Resources Land

Market Cap: HK$224.3b

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

Tenaga Nasional Berhad

Market Cap: RM 77.6b

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

Trajan Group Holdings

Market Cap: AU$121.9m

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.