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$110.4b

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

Security Bank

Market Cap: ₱52.4b

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

Anhui Conch Cement

Market Cap: CN¥122.7b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

Haidilao International Holding

Market Cap: HK$72.9b

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

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.5b

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.

Shenzhen Transsion Holdings

Market Cap: CN¥85.7b

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

WemadeLtd

Market Cap: ₩938.2b

Develops and publishes games in South Korea and internationally.

Raydium Semiconductor

Market Cap: NT$18.7b

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.

Trajan Group Holdings

Market Cap: AU$129.7m

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.

Hyosung TNC

Market Cap: ₩938.7b

Manufactures and sells fiber in South Korea and internationally.

Sao Ta Foods

Market Cap: ₫2.3t

Engages in farming, processing, and preserving aquatic products.

Micro-Star International

Market Cap: NT$92.9b

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

Cheil Worldwide

Market Cap: ₩2.1t

Provides various marketing solutions worldwide.

Inspur Digital Enterprise Technology

Market Cap: HK$9.3b

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.

Indofood Sukses Makmur

Market Cap: Rp63.9t

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

Aeon (M) Bhd

Market Cap: RM 1.8b

Operates and manages a retail chain of departmental stores and supermarkets in Malaysia.

IPH

Market Cap: AU$920.4m

Provides intellectual property (IP) services and products.

Monash IVF Group

Market Cap: AU$276.6m

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

Jiangsu King's Luck Brewery Ltd

Market Cap: CN¥48.6b

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

F&F

Market Cap: ₩2.5t

Manufactures and sells sewn wearing apparels in South Korea.

Proya CosmeticsLtd

Market Cap: CN¥30.1b

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

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥266.3b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Chongqing Baiya Sanitary Products

Market Cap: CN¥9.7b

Chongqing Baiya Sanitary Products Co., Ltd.

Emaar Properties PJSC

Market Cap: د.إ122.4b

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

Converge Information and Communications Technology Solutions

Market Cap: ₱91.5b

Converge Information and Communications Technology Solutions, Inc.

China Mobile

Market Cap: HK$1.9t

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

Binggrae

Market Cap: ₩639.3b

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

Hu Lane Associate

Market Cap: NT$15.9b

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

Horizon Construction Development

Market Cap: HK$3.6b

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

CapitaLand Malaysia Trust

Market Cap: RM 2.0b

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.

Tenaga Nasional Berhad

Market Cap: RM 76.2b

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

China Resources Land

Market Cap: HK$209.1b

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

Jinzai Food GroupLtd

Market Cap: CN¥5.3b

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

Aurelia Metals

Market Cap: AU$431.6m

Engages in the exploration and production of mineral properties in Australia.

Hoa Phat Group

Market Cap: ₫204.9t

Produces and sells steel products in Vietnam.