Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Lucky Harvest

Market Cap: CN¥9.2b

Engages in the research, development, production, and sale of precision stamping dies and structural metal parts in China.

Sasseur Real Estate Investment Trust

Market Cap: S$866.4m

Invests in a portfolio of real estate and related assets.

IRB Infrastructure Developers

Market Cap: ₹268.3b

Engages in the infrastructure development business in India.

Industrial Bank

Market Cap: CN¥399.1b

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

Indofood Sukses Makmur

Market Cap: Rp58.8t

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

China Tower

Market Cap: HK$195.4b

Provides telecommunication tower infrastructure services in the People's Republic of China.

Adairs

Market Cap: AU$328.1m

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

REC

Market Cap: ₹932.0b

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

Aeris Resources

Market Cap: AU$649.3m

Explores, produces, and sells precious metals in Australia.

LHN

Market Cap: S$299.2m

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

Cheerwin Group

Market Cap: HK$3.2b

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.

Grand Pharmaceutical Group

Market Cap: HK$27.2b

An investment holding company, engages in the research and development, manufacture, and sale of pharmaceutical preparations and medical devices, biotechnology and healthcare products, and pharmaceutical raw materials.

China Mengniu Dairy

Market Cap: HK$67.0b

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

Fosun International

Market Cap: HK$33.5b

Operates in the health, happiness, wealth, and intelligent manufacturing sectors in Mainland China, Portugal, and internationally.

Horizon Construction Development

Market Cap: HK$3.1b

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

Bank BTPN Syariah

Market Cap: Rp9.4t

Provides various banking products and services in Indonesia.

Zhejiang Jiuzhou Pharmaceutical

Market Cap: CN¥15.8b

Operates as contract development and manufacturing organization (CDMO) company in China and internationally.

Anhui Expressway

Market Cap: CN¥23.4b

Engages in the construction, operation, management, and development of the toll roads and associated service sections in the People's Republic of China.

Hu Lane Associate

Market Cap: NT$13.4b

Engages in the manufacture and sale of terminal devices, terminal crimping, industrial rubber, and plastic products in Taiwan.

China Railway Group

Market Cap: CN¥128.8b

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

Aurelia Metals

Market Cap: AU$533.2m

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

Guangdong Haid Group

Market Cap: CN¥90.3b

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

Acrow

Market Cap: AU$325.6m

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

Trajan Group Holdings

Market Cap: AU$101.4m

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.

ARN Media

Market Cap: AU$115.0m

Operates as a media and entertainment company in Australia and Hong Kong.

Geely Automobile Holdings

Market Cap: CN¥183.4b

An investment holding company, operates as an automobile manufacturer primarily in the People’s Republic of China.

Inspur Digital Enterprise Technology

Market Cap: HK$5.2b

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.

Middle East Healthcare

Market Cap: ر.س3.2b

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

Sichuan Baicha Baidao Industrial

Market Cap: HK$9.8b

An investment holding company, provides tea drink products in the People’s Republic of China.

C&D International Investment Group

Market Cap: HK$35.1b

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.

Micro-Tech (Nanjing)Ltd

Market Cap: CN¥15.5b

Engages in the research, development, manufacturing, and sale of invasive medical devices in China and internationally.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥10.4b

Provides chemical supply chain solutions worldwide.

Hansen Technologies

Market Cap: AU$959.9m

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

Cabka

Market Cap: €40.8m

Manufactures and sells pallets and large containers made from recycled plastic in Europe, North America, and internationally.

Demant

Market Cap: DKK 37.9b

Operates as a hearing healthcare company in Europe, North America, Asia, Pacific region, and internationally.