Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Carlsberg

Market Cap: US$108.9b

Produces and markets beer and other beverage products in Denmark, China, the United Kingdom, and internationally.

Micro-Star International

Market Cap: NT$91.2b

Engages in the manufacture and sale of motherboards, interface cards, notebook computers, and other electronic products in Asia, Europe, the United States, and internationally.

Cheil Worldwide

Market Cap: ₩2.0t

Provides various marketing solutions worldwide.

F&F

Market Cap: ₩2.4t

Manufactures and sells sewn wearing apparels in South Korea.

Indorama Ventures

Market Cap: ฿108.9b

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

Livzon Pharmaceutical Group

Market Cap: CN¥30.9b

Researches, develops, produces, exports, and sells pharmaceutical products, and active pharmaceutical ingredients and intermediates in the People’s Republic of China.

Sasseur Real Estate Investment Trust

Market Cap: S$847.5m

Invests in a portfolio of real estate and related assets.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥9.2b

Provides chemical supply chain solutions worldwide.

Innocean Worldwide

Market Cap: ₩700.8b

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

Raydium Semiconductor

Market Cap: NT$19.2b

Engages in the design, development, and sale of display drivers, sequential control, and power management integrated circuit (IC) products in China, Hong Kong, Taiwan, and internationally.

Centurion

Market Cap: S$1.2b

Owns, develops, and manages workers and student accommodation assets in Singapore, Malaysia, Australia, the United Kingdom, and internationally.

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.

Stanmore Resources

Market Cap: AU$2.1b

Engages in the exploration, development, production, and sale of metallurgical coal in Australia.

BOC Aviation

Market Cap: HK$47.2b

Operates as an aircraft operating leasing company in Mainland China, Hong Kong, Macau, Taiwan, rest of the Asia Pacific, the Americas, Europe, the Middle East, and Africa.

Bethel Automotive Safety Systems

Market Cap: CN¥28.3b

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

Monash IVF Group

Market Cap: AU$278.6m

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

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥9.2b

Provides chemical supply chain solutions worldwide.

Jinzai Food GroupLtd

Market Cap: CN¥5.4b

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

Sao Ta Foods

Market Cap: ₫2.3t

Engages in farming, processing, and preserving aquatic products.

Huali Industrial Group

Market Cap: CN¥58.4b

Engages in the design, development, production, and sale of sports footwear in China and internationally.

Hu Lane Associate

Market Cap: NT$15.1b

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

Assetwise

Market Cap: ฿5.6b

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

Adairs

Market Cap: AU$400.8m

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

Emaar Properties PJSC

Market Cap: د.إ121.1b

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

Sinoma International EngineeringLtd

Market Cap: CN¥24.6b

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

SILICON2

Market Cap: ₩2.6t

Engages in the distribution of cosmetics products worldwide.

Ganyuan Foods

Market Cap: CN¥4.9b

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

Binggrae

Market Cap: ₩643.7b

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

WemadeLtd

Market Cap: ₩926.3b

Develops and publishes games in South Korea and internationally.

Sanwa Holdings

Market Cap: JP¥863.9b

Through its subsidiaries, manufactures and sells construction materials for commercial and residential buildings in Japan, North America, Europe, and Asia.

Shandong Yisheng Livestock & Poultry Breeding

Market Cap: CN¥9.1b

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd.

ShenZhen YUTO Packaging Technology

Market Cap: CN¥23.2b

ShenZhen YUTO Packaging Technology Co., Ltd.

Bangchak Corporation

Market Cap: ฿38.9b

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

Shenzhen Transsion Holdings

Market Cap: CN¥87.4b

Provides smart devices and mobile services in Africa, South and Southeast Asia, the Middle East, Latin America, and internationally.

Haidilao International Holding

Market Cap: HK$72.0b

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