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$110.8b

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

Axalta Coating Systems

Market Cap: US$6.2b

Through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

Anker Innovations

Market Cap: CN¥58.8b

Develops and sells mobile charging products.

Tenaga Nasional Berhad

Market Cap: RM 78.1b

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

CapitaLand Malaysia Trust

Market Cap: RM 2.1b

CapitaLand Malaysia Trust (CLMT) is a real estate investment trust (REIT) listed on the Main Market of Bursa Malaysia Securities Berhad since 16 July 2010.

Hoa Phat Group

Market Cap: ₫207.2t

Produces and sells steel products in Vietnam.

China Mengniu Dairy

Market Cap: HK$58.4b

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

Haidilao International Holding

Market Cap: HK$77.8b

An investment holding company, engages in the restaurant operation and delivery businesses in Mainland China, Hong Kong, Macau, and Taiwan.

China Resources Land

Market Cap: HK$218.9b

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

Adairs

Market Cap: AU$333.4m

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

China Conch Venture Holdings

Market Cap: HK$19.6b

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

C&D International Investment Group

Market Cap: HK$37.8b

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.

Aurelia Metals

Market Cap: AU$397.8m

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

Cheerwin Group

Market Cap: HK$3.1b

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.

National Medical Care

Market Cap: ر.س7.1b

National Medical Care Company establishes, owns, equips, manages, maintains, and operates healthcare facilities in the Kingdom of Saudi Arabia.

China Railway Group

Market Cap: CN¥132.3b

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

Middle East Healthcare

Market Cap: ر.س4.0b

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

Jiang Zhong PharmaceuticalLtd

Market Cap: CN¥13.8b

Engages in the research and development, production, and sale of Chinese patent medicines and health foods in Mainland China.

China Overseas Property Holdings

Market Cap: HK$16.8b

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

Sinoma International EngineeringLtd

Market Cap: CN¥25.1b

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

Apeloa PharmaceuticalLtd

Market Cap: CN¥17.8b

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

Aeris Resources

Market Cap: AU$511.4m

Explores, produces, and sells precious metals in Australia.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.2b

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$972.7m

Provides intellectual property (IP) services and products.

Centurion

Market Cap: S$1.1b

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

Sasseur Real Estate Investment Trust

Market Cap: S$860.1m

Invests in a portfolio of real estate and related assets.

REC

Market Cap: ₹953.9b

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

ISOTeam

Market Cap: S$63.5m

Operates in the building maintenance and estate upgrading industry in Singapore.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥9.7b

Provides chemical supply chain solutions worldwide.

Sansiri

Market Cap: ฿23.5b

Engages in the property development business in Thailand.

Indofood Sukses Makmur

Market Cap: Rp63.0t

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

AWC Berhad

Market Cap: RM 234.2m

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

Horizon Construction Development

Market Cap: HK$3.8b

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

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.

Shenzhen Transsion Holdings

Market Cap: CN¥75.8b

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