Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

China Mengniu Dairy

Market Cap: HK$57.5b

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

Indofood Sukses Makmur

Market Cap: Rp59.5t

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

Converge Information and Communications Technology Solutions

Market Cap: ₱110.9b

Converge Information and Communications Technology Solutions, Inc.

Grand Pharmaceutical Group

Market Cap: HK$27.6b

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.

ASUSTeK Computer

Market Cap: NT$403.3b

Researches and develops, designs, manufactures, sells, and repairs computers, communications, and consumer electronic products in Taiwan, China, Singapore, Europe, the United States, and internationally.

Future

Market Cap: JP¥176.5b

Provides IT consulting and services primarily in Japan.

Fosun International

Market Cap: HK$36.4b

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

Jinneng Holding Shanxi Coal Industryltd

Market Cap: CN¥22.7b

Engages in the production and sales of coal in China.

Nido Education

Market Cap: AU$132.2m

Owns, operates, and manages long day early childhood education and care centres under the Nido Early School brand in Australia.

China Overseas Property Holdings

Market Cap: HK$15.1b

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

Innocean Worldwide

Market Cap: ₩732.4b

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

Guangdong Haid Group

Market Cap: CN¥91.1b

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

SK

Market Cap: ₩13.8t

Engages in petroleum refining, telecommunications, wholesale and retail, chemicals, construction, and other businesses in Korea.

Shenzhen Transsion Holdings

Market Cap: CN¥77.4b

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

KH Neochem

Market Cap: JP¥87.6b

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

Huaqin Technology

Market Cap: CN¥92.9b

Engages in the development, manufacturing, and operation service of software, hardware, systems for tech companies worldwide.

ARN Media

Market Cap: AU$117.4m

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

Shanghai Zhonggu Logistics

Market Cap: CN¥21.4b

Provides container shipping services in China.

DUG Technology

Market Cap: AU$295.2m

A technology company, provides hardware and software solutions for the technology and resource sectors in Australia, the United States, the United Kingdom, Malaysia, and the United Arab Emirates.

Sichuan Baicha Baidao Industrial

Market Cap: HK$10.0b

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

NetEase Cloud Music

Market Cap: HK$39.7b

An investment holding company, engages in the operation of online platforms to provide music and social entertainment services in the People’s Republic of China.

Acrow

Market Cap: AU$319.2m

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

China Railway Group

Market Cap: CN¥126.8b

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

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥11.4b

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.

Hansen Technologies

Market Cap: AU$1.1b

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

Binggrae

Market Cap: ₩667.6b

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

Carmila

Market Cap: €2.4b

As the third-largest listed owner of commercial property in Europe, Carmila was founded by Carrefour and large institutional investors in order to enhance the value of shopping centres adjoining Carrefour hypermarkets in France, Spain and Italy.

Polar Capital Holdings

Market Cap: €512.9m

Polar Capital Holdings plc is a publicly owned investment manager.

Argan

Market Cap: €1.7b

ARGAN is the only French real estate company specializing in the DEVELOPMENT & RENTAL OF PREMIUM WAREHOUSES listed on EURONEXT and is the leading player of its market in France.

Koenig & Bauer

Market Cap: €176.8m

Develops and manufactures printing and postprint systems worldwide.

MONY Group

Market Cap: UK£965.7m

Engages in the provision of price comparison and lead generation services through its websites and applications in the United Kingdom.

Semapa - Sociedade de Investimento e Gestão SGPS

Market Cap: €1.7b

Through its subsidiaries, produces and sells pulp, printing and writing papers, and tissues in Portugal, the rest of Europe, the United States, Africa, Asia, and Oceania.

LPKF Laser & Electronics

Market Cap: €133.0m

Develops, manufactures, and sells laser-based solutions for the technology industry worldwide.

WemadeLtd

Market Cap: ₩855.2b

Develops and publishes games in South Korea and internationally.

Tonghua Dongbao Pharmaceutical

Market Cap: CN¥16.0b

Researches, develops, produces, and markets pharmaceuticals in China.