Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

NetEase

Market Cap: US$628.8b

Engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally.

Guangdong Haid Group

Market Cap: CN¥88.9b

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

Bethel Automotive Safety Systems

Market Cap: CN¥30.5b

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

Chongqing Baiya Sanitary Products

Market Cap: CN¥9.3b

Chongqing Baiya Sanitary Products Co., Ltd.

Indofood Sukses Makmur

Market Cap: Rp61.9t

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

China Conch Venture Holdings

Market Cap: HK$19.4b

An investment holding company, provides various package solutions for energy conservation and environmental protection in Mainland China and the Asia-Pacific.

Sichuan Baicha Baidao Industrial

Market Cap: HK$9.3b

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

Micro-Tech (Nanjing)Ltd

Market Cap: CN¥15.1b

Engages in the research, development, manufacturing, and sale of invasive medical devices in China and internationally.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥10.0b

Provides chemical supply chain solutions worldwide.

Fosun International

Market Cap: HK$32.7b

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

Cheil Worldwide

Market Cap: ₩2.1t

Provides various marketing and advertising solutions worldwide.

F&F

Market Cap: ₩2.7t

Manufactures and sells apparel and accessories in South Korea.

Hoa Phat Group

Market Cap: ₫217.2t

Produces and sells steel products in Vietnam.

Acrow

Market Cap: AU$320.9m

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

Sanwa Holdings

Market Cap: JP¥760.5b

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

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.

JVM

Market Cap: ₩287.9b

Develops and sells automation systems and software of dispensing, packaging, and medication management for hospitals and pharmacies worldwide.

Hu Lane Associate

Market Cap: NT$13.4b

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

China Railway Group

Market Cap: CN¥133.3b

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

MCNEX

Market Cap: ₩496.5b

Manufactures and sells camera modules in South Korea and internationally.

Industrial Bank

Market Cap: CN¥405.9b

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

Adairs

Market Cap: AU$324.5m

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

Anker Innovations

Market Cap: CN¥54.6b

Operates as a smart hardware technology company in China and internationally.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥233.0b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Horizon Construction Development

Market Cap: HK$3.2b

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

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.

Dentsu Group

Market Cap: JP¥721.8b

Operates in the advertising business in Japan, the Americas, Europe, the Middle East and Africa, and the Asia Pacific.

Nido Education

Market Cap: AU$112.5m

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

Middle East Healthcare

Market Cap: ر.س3.3b

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

China Mobile

Market Cap: HK$1.7t

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

Huaibei Mining HoldingsLtd

Market Cap: CN¥35.5b

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

Security Bank

Market Cap: ₱49.8b

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

C&D International Investment Group

Market Cap: HK$37.3b

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.

REC

Market Cap: ₹1.0t

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

Grand Pharmaceutical Group

Market Cap: HK$27.1b

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.