Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Shandong Yisheng Livestock & Poultry Breeding

Market Cap: CN¥9.3b

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd.

Indofood Sukses Makmur

Market Cap: Rp69.1t

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

Tsingtao Brewery

Market Cap: HK$85.0b

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

Sasseur Real Estate Investment Trust

Market Cap: S$866.4m

Invests in a portfolio of real estate and related assets.

Jiangsu Changshu Rural Commercial Bank

Market Cap: CN¥23.1b

Jiangsu Changshu Rural Commercial Bank Co., Ltd.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.2b

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.

Carlsberg

Market Cap: US$103.8b

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

Aurora Design

Market Cap: ฿18.8b

Trades gold jewelry in Thailand.

Monash IVF Group

Market Cap: AU$255.2m

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

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥8.8b

Manufactures and sells steel structures and supporting products in China and internationally.

China Resources Land

Market Cap: HK$209.9b

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

Trajan Group Holdings

Market Cap: AU$112.9m

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.

C&D International Investment Group

Market Cap: HK$39.8b

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.

Haidilao International Holding

Market Cap: HK$70.0b

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

Tenaga Nasional Berhad

Market Cap: RM 76.9b

Engages in the generation, transmission, distribution, and sale of electricity in Malaysia, the United Kingdom, Kuwait, the Republic of Ireland, Australia, and internationally.

Middle East Healthcare

Market Cap: ر.س5.2b

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

Bank of China

Market Cap: HK$1.7t

Provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally.

Sinopharm Group

Market Cap: HK$57.3b

Engages in the wholesale and retail of pharmaceutical and healthcare products, and medical devices in the People’s Republic of China.

Bangchak Corporation

Market Cap: ฿42.3b

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

China Mengniu Dairy

Market Cap: HK$55.7b

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

Assetwise

Market Cap: ฿4.9b

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

Horizon Construction Development

Market Cap: HK$3.9b

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

IPH

Market Cap: AU$957.0m

Provides intellectual property (IP) services and products.

CapitaLand Malaysia Trust

Market Cap: RM 2.1b

CapitaLand Malaysia Trust (CLMT) is a real estate investment trust (REIT) and was listed on the Main Market of Bursa Malaysia Securities Berhad on 16 July 2010.

Inspur Digital Enterprise Technology

Market Cap: HK$11.2b

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.

China Resources Power Holdings

Market Cap: HK$91.0b

An investment holding company, invests in, develops, operates, and manages power plants and coal mines in the People’s Republic of China.

Emaar Properties PJSC

Market Cap: د.إ118.0b

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

True Corporation

Market Cap: ฿362.8b

Provides telecommunications and value-added services in Thailand.

Bank of China

Market Cap: HK$1.7t

Provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally.

China Mobile

Market Cap: HK$1.9t

Provides telecommunications and information related services in Mainland China and Hong Kong.

China Overseas Property Holdings

Market Cap: HK$16.1b

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

Ganyuan Foods

Market Cap: CN¥5.1b

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

Vardhman Textiles

Market Cap: ₹120.0b

Manufactures, purchases, and sells textiles and fibres in India and internationally.

MC Group

Market Cap: ฿8.6b

Engages in the manufacture and distribution management of clothing and accessories in Thailand.

Sinoma International EngineeringLtd

Market Cap: CN¥22.8b

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