Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Skymark Airlines

Market Cap: €22.6b

Provides scheduled air transportation services.

GL Events

Market Cap: €789.0m

Provides integrated solutions and services for events in France and internationally.

FDJ United

Market Cap: €4.4b

Engages in the gaming operation and distribution business in France and internationally.

Sangoma Technologies

Market Cap: US$247.3m

Develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications in the United States of America and internationally.

BYD Electronic (International)

Market Cap: US$73.8b

An investment holding company, primarily engages in the design, manufacture, assembly, and sale of mobile handset components, modules, and other products in the People’s Republic of China and internationally.

Carlsberg

Market Cap: US$106.1b

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

MC Group

Market Cap: ฿8.5b

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

MCNEX

Market Cap: ₩414.8b

Manufactures and sells camera modules in South Korea and internationally.

Huaibei Mining HoldingsLtd

Market Cap: CN¥34.0b

Primarily engages in coal mining, washing, processing, sales, and production of coal chemical products in China.

AWC Berhad

Market Cap: RM 205.3m

An investment holding company, provides integrated facilities management and engineering services.

Shanghai Zhonggu Logistics

Market Cap: CN¥21.3b

Provides container shipping services in China.

BOC Aviation

Market Cap: HK$47.8b

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.

Chambal Fertilisers and Chemicals

Market Cap: ₹184.0b

Produces and sells fertilizers primarily in India.

Sansiri

Market Cap: ฿23.0b

Engages in the property development business in Thailand.

Sinoma International EngineeringLtd

Market Cap: CN¥24.0b

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

Converge Information and Communications Technology Solutions

Market Cap: ₱104.9b

Converge Information and Communications Technology Solutions, Inc.

Cheerwin Group

Market Cap: HK$2.9b

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.

Innocean Worldwide

Market Cap: ₩715.2b

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

WemadeLtd

Market Cap: ₩830.2b

Develops and publishes games in South Korea and internationally.

Bear Electric ApplianceLtd

Market Cap: CN¥6.8b

Engages in the research and development, design, production, and sale of small household appliances under Bear brand name in China and internationally.

GWA Group

Market Cap: AU$624.5m

Research, designs, manufactures, imports, and markets building fixtures and fittings to residential and commercial premises in Australia, New Zealand, the United Kingdom, and internationally.

Binggrae

Market Cap: ₩658.7b

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

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥11.7b

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

Bethel Automotive Safety Systems

Market Cap: CN¥27.1b

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

Inspur Digital Enterprise Technology

Market Cap: HK$7.8b

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.

Srisawad Corporation

Market Cap: ฿43.2b

Provides financial services in Thailand and internationally.

REC

Market Cap: ₹943.2b

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

Trajan Group Holdings

Market Cap: AU$99.2m

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.

NetEase Cloud Music

Market Cap: HK$41.2b

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.

MEGA P&C Advanced Materials (Shanghai)

Market Cap: CN¥4.7b

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

Adairs

Market Cap: AU$319.2m

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

Anker Innovations

Market Cap: CN¥55.3b

Develops and sells mobile charging products.

Emaar Properties PJSC

Market Cap: د.إ118.4b

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

Raydium Semiconductor

Market Cap: NT$15.7b

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.

Gourmet Master

Market Cap: NT$10.9b

Operates and franchises chain stores in China, Taiwan, Hong Kong, the United States, and internationally.