Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Carrefour

Market Cap: €12.6b

Engages in the operation of stores that offer food and non-food products in various formats and channels in France, Spain, Italy, Belgium, Poland, Romania, Brazil, and Argentina, as well as in the Middle East, Africa, and Asia.

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.

GE HealthCare Technologies

Market Cap: €37.4b

Engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally.

Apeloa PharmaceuticalLtd

Market Cap: CN¥17.5b

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

Shaanxi Energy Investment

Market Cap: CN¥34.2b

Engages in the thermal electricity and coal production business in China.

Adaro Minerals Indonesia

Market Cap: Rp36.8t

Engages in metallurgical coal mining business in Indonesia.

Tong Yang Life Insurance

Market Cap: ₩807.8b

Engages in the life insurance business in South Korea.

China Resources Land

Market Cap: HK$183.3b

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

DFI Retail Group Holdings

Market Cap: US$3.0b

Operates as a retailer in Asia.

Security Bank

Market Cap: ₱53.9b

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

Canara Bank

Market Cap: ₹794.0b

Provides various banking products and services in India and internationally.

UNISEM

Market Cap: ₩207.7b

Manufactures and sells semiconductor equipment and components in South Korea and internationally.

Tianjin Ringpu Bio-TechnologyLtd

Market Cap: CN¥8.0b

Engages in the research and development, production, and sale of veterinary raw materials, drug preparation, functional additives, and veterinary biological products.

Sinoma International EngineeringLtd

Market Cap: CN¥26.3b

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

Sinoma International EngineeringLtd

Market Cap: CN¥26.3b

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

CNGR Advanced MaterialLtd

Market Cap: CN¥33.9b

Engages in the research, development, processing, production, and sale of lithium battery cathode material precursors and new energy recycling materials in the fields of new materials and energy.

Hoa Phat Group

Market Cap: ₫173.7t

Produces and sells steel products in Vietnam.

Dai Nippon Printing

Market Cap: JP¥991.9b

Primarily engages in the printing business.

Jiangsu Changshu Rural Commercial Bank

Market Cap: CN¥21.9b

Jiangsu Changshu Rural Commercial Bank Co., Ltd.

SKP Resources Bhd

Market Cap: RM 1.4b

An investment holding company, manufactures and sells electrical and electronic plastic products primarily in Malaysia.

Nissui

Market Cap: JP¥285.9b

Engages in marine, food products, fine chemicals, distribution, and marine-related/engineering businesses in Japan and internationally.

Bank CIMB Niaga

Market Cap: Rp41.2t

Provides various banking products and services in Indonesia and internationally.

Summerset Group Holdings

Market Cap: AU$2.7b

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

Ningbo Orient Wires & CablesLtd

Market Cap: CN¥34.9b

Provides land and subsea cable solutions in China and internationally.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥290.9b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Shanghai Baosight SoftwareLtd

Market Cap: CN¥75.1b

Provides industrial solutions in China.

China Tower

Market Cap: HK$190.9b

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

CESC

Market Cap: ₹199.9b

An integrated electrical utility company, engages in the generation and distribution of electricity in India.

CLIO CosmeticsLtd

Market Cap: ₩361.9b

Provides makeup products in South Korea and internationally.

WemadeLtd

Market Cap: ₩1.0t

Develops and publishes games in South Korea and internationally.

Adairs

Market Cap: AU$390.4m

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

KH Neochem

Market Cap: JP¥94.9b

Researches, manufactures, and sells of petrochemical products in Japan and internationally.

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥40.2b

Manufactures and sells power distribution and utilization systems in China and internationally.

Srisawad Corporation

Market Cap: ฿44.6b

Provides financial services in Thailand and internationally.

JNBY Design

Market Cap: HK$7.7b

Engages in the design, marketing, retail, and sale of fashion apparels, accessory products, and household goods in the People’s Republic of China and internationally.