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$108.3b

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

Corpovael. de

Market Cap: Mex$994.7m

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

Acrow

Market Cap: AU$323.4m

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

Indofood Sukses Makmur

Market Cap: Rp67.2t

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

LX Semicon

Market Cap: ₩889.7b

Operates as a semiconductor company in South Korea, China, Vietnam, Taiwan, Japan, and internationally.

KH Neochem

Market Cap: JP¥100.3b

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

China Mengniu Dairy

Market Cap: HK$59.5b

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

Trajan Group Holdings

Market Cap: AU$114.4m

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.

Binggrae

Market Cap: ₩655.2b

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

China Railway Group

Market Cap: CN¥129.7b

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

Assetwise

Market Cap: ฿4.9b

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

F&F

Market Cap: ₩2.6t

Manufactures and sells sewn wearing apparels in South Korea.

Horizon Construction Development

Market Cap: HK$4.1b

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

Innocean Worldwide

Market Cap: ₩748.4b

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

Micro-Star International

Market Cap: NT$103.9b

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

Middle East Healthcare

Market Cap: ر.س4.9b

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

Aurora Design

Market Cap: ฿19.1b

Trades gold jewelry in Thailand.

Tsingtao Brewery

Market Cap: HK$87.0b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Hu Lane Associate

Market Cap: NT$15.5b

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

True Corporation

Market Cap: ฿390.4b

Provides telecommunications and value-added services in Thailand.

Bangchak Corporation

Market Cap: ฿43.7b

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

Sinoma International EngineeringLtd

Market Cap: CN¥23.3b

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

Cheil Worldwide

Market Cap: ₩2.0t

Provides various marketing solutions worldwide.

IPH

Market Cap: AU$1.0b

Provides intellectual property (IP) services and products.

Summerset Group Holdings

Market Cap: AU$2.7b

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

Proya CosmeticsLtd

Market Cap: CN¥31.9b

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

Monash IVF Group

Market Cap: AU$263.0m

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

Proya CosmeticsLtd

Market Cap: CN¥31.9b

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

Foxsemicon Integrated Technology

Market Cap: NT$32.2b

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

WemadeLtd

Market Cap: ₩951.7b

Develops and publishes games in South Korea and internationally.

Sinoma International EngineeringLtd

Market Cap: CN¥23.3b

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

Beijing Urban Construction Investment & Development

Market Cap: CN¥11.0b

Beijing Urban Construction Investment & Development Co., Ltd.

Beijing New Building Materials

Market Cap: CN¥42.8b

Manufactures and sells building materials in China and internationally.

Industrial Bank

Market Cap: CN¥438.1b

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

Bethel Automotive Safety Systems

Market Cap: CN¥30.8b

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