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$108.5b

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

China Pacific Insurance (Group)

Market Cap: CN¥312.6b

Provides insurance products to individual and institutional customers in the People’s Republic of China.

Adairs

Market Cap: AU$323.6m

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

Fosun International

Market Cap: HK$39.2b

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

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥8.7b

Provides chemical supply chain solutions worldwide.

Huaqin Technology

Market Cap: CN¥87.5b

Engages in the development, manufacturing, and operation service of software, hardware, systems for tech companies worldwide.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥11.2b

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.

IPH

Market Cap: AU$917.8m

Provides intellectual property (IP) services and products.

Apeloa PharmaceuticalLtd

Market Cap: CN¥18.2b

Provides raw materials and intermediates to various pharmaceutical factories in the People’s Republic of China and internationally.

Sinoma International EngineeringLtd

Market Cap: CN¥24.9b

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

Jiang Zhong PharmaceuticalLtd

Market Cap: CN¥13.6b

Engages in the manufacture of pharmaceutical products in China.

Shanghai Zhonggu Logistics

Market Cap: CN¥21.5b

Provides container shipping services in China.

NetEase Cloud Music

Market Cap: HK$42.4b

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.

China Overseas Property Holdings

Market Cap: HK$16.4b

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

BOC Aviation

Market Cap: HK$49.1b

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.

C&D International Investment Group

Market Cap: HK$38.0b

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.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥11.8b

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

Anker Innovations

Market Cap: CN¥55.3b

Develops and sells mobile charging products.

Micro-Tech (Nanjing)Ltd

Market Cap: CN¥14.4b

Researches, develops, manufactures, and sells minimally invasive medical devices to hospitals and clinics worldwide.

China Railway Group

Market Cap: CN¥126.2b

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

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.

Guangdong Haid Group

Market Cap: CN¥95.6b

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

Aurelia Metals

Market Cap: AU$372.4m

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

Aeris Resources

Market Cap: AU$476.9m

Explores, produces, and sells precious metals in Australia.

Tonghua Dongbao Pharmaceutical

Market Cap: CN¥16.6b

Researches and develops, manufactures, and sells pharmaceutical for the treatment of diabetes, endocrine, and cardiovascular and cerebrovascular diseases products in China.

China Mengniu Dairy

Market Cap: HK$56.6b

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

Beijing New Building Materials

Market Cap: CN¥42.9b

Manufactures and sells building materials in China and internationally.

China Resources Land

Market Cap: HK$217.1b

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

Shenzhen Transsion Holdings

Market Cap: CN¥74.1b

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

ProSiebenSat.1 Media

Market Cap: €1.1b

Operates as a media company in Germany, Austria, Switzerland, the United States, and internationally.

Altea Green Power

Market Cap: €111.4m

Supplies and manages renewable energy plants in Italy and the United States.

Sanofi

Market Cap: €104.6b

Engages in the research, development, manufacture, and marketing of therapeutic solutions.

Intrum

Market Cap: €5.2b

Provides payment solutions, and credit and collection services in Europe and internationally.

LPKF Laser & Electronics

Market Cap: €134.3m

Develops, manufactures, and sells laser-based solutions for the technology industry worldwide.

Austevoll Seafood

Market Cap: NOK 17.4b

A seafood company, produces and sells salmon and trout, whitefish, and pelagic in Norway, the European Union, the United Kingdom, Eastern Europe, Africa, North America, Asia, and South America.