Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

LHN

Market Cap: S$297.0m

An investment holding company, engages in space optimization, property development, facilities management services, and energy businesses in Singapore, Hong Kong, Myanmar, Indonesia, and Cambodia.

IRB Infrastructure Developers

Market Cap: ₹265.8b

Engages in the infrastructure development business in India.

Sasseur Real Estate Investment Trust

Market Cap: S$860.1m

Invests in a portfolio of real estate and related assets.

Lucky Harvest

Market Cap: CN¥9.2b

Engages in the research, development, production, and sale of precision stamping dies and structural metal parts in China.

C&D International Investment Group

Market Cap: HK$34.7b

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.

Sichuan Baicha Baidao Industrial

Market Cap: HK$9.7b

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

Jiangsu King's Luck Brewery Ltd

Market Cap: CN¥40.4b

Jiangsu King's Luck Brewery Joint-Stock Co.,Ltd.

Chongqing Baiya Sanitary Products

Market Cap: CN¥9.2b

Chongqing Baiya Sanitary Products Co., Ltd.

Jinzai Food GroupLtd

Market Cap: CN¥5.0b

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

Summerset Group Holdings

Market Cap: AU$2.6b

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

Tokai Carbon

Market Cap: JP¥218.5b

Manufactures and sells carbon-related products and services in Japan.

Resolute Mining

Market Cap: UK£3.1b

Engages in mining, prospecting, and exploration of mineral properties in Africa.

74Software

Market Cap: €790.2m

Operates as a software company in France.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥10.2b

Provides chemical supply chain solutions worldwide.

ICG

Market Cap: UK£4.9b

A private equity firm specializing in direct and fund of fund investments.

Guangdong Haid Group

Market Cap: CN¥88.3b

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

Centurion

Market Cap: S$1.3b

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

Industrial Bank

Market Cap: CN¥391.3b

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

EVS Broadcast Equipment

Market Cap: €462.9m

Provides live video technology for broadcast and media productions in the United States, Europe, Africa, Middle East, and Asia Pacific.

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.

Sanwa Holdings

Market Cap: JP¥824.6b

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

Stanmore Resources

Market Cap: AU$2.3b

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

Indofood Sukses Makmur

Market Cap: Rp58.6t

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

Hansen Technologies

Market Cap: AU$902.7m

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

IndiQube Spaces

Market Cap: ₹38.4b

Provides workplace solutions and value-added services in India.

NCSOFT

Market Cap: ₩4.1t

Develops and publishes online games in Korea, Japan, Taiwan, the United States of America, Europe, and Canada.

Acrow

Market Cap: AU$324.0m

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

MEGA P&C Advanced Materials (Shanghai)

Market Cap: CN¥5.4b

Produces and sells solid content, water-based solvent free, and special function coating products in China.

Anhui Expressway

Market Cap: CN¥23.1b

Engages in the construction, operation, management, and development of the toll roads and associated service sections in the People's Republic of China.

ARN Media

Market Cap: AU$109.6m

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

Bethel Automotive Safety Systems

Market Cap: CN¥31.2b

Develops, manufactures, and sells automotive chassis systems and advanced driving systems in China.

Shanghai Zhonggu Logistics

Market Cap: CN¥21.8b

Provides container shipping services in China.

Hansen Technologies

Market Cap: AU$902.7m

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

Security Bank

Market Cap: ₱50.8b

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

REC

Market Cap: ₹913.5b

Engages in the provision of financing services for power generation, transmission, and distribution projects in India.