Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

AMG Critical Materials

Market Cap: US$1.1b

Develops, produces, and sells energy storage materials.

BYD Electronic (International)

Market Cap: US$70.1b

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.

C&D International Investment Group

Market Cap: HK$32.3b

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.

Aurelia Metals

Market Cap: AU$440.1m

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

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥9.6b

Provides chemical supply chain solutions worldwide.

Monash IVF Group

Market Cap: AU$249.4m

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

Adairs

Market Cap: AU$271.3m

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

Aeris Resources

Market Cap: AU$490.8m

Explores, produces, and sells precious metals in Australia.

Sichuan Baicha Baidao Industrial

Market Cap: HK$8.5b

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

Guangdong Haid Group

Market Cap: CN¥92.5b

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

Fosun International

Market Cap: HK$31.7b

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

Beijing New Building Materials

Market Cap: CN¥45.2b

Manufactures and sells building materials in China and internationally.

NetEase

Market Cap: US$592.1b

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

Indofood Sukses Makmur

Market Cap: Rp52.5t

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

Zhejiang Jiuzhou Pharmaceutical

Market Cap: CN¥14.7b

Operates as contract development and manufacturing organization (CDMO) company in China and internationally.

Metcash

Market Cap: AU$3.2b

Operates as a wholesale distribution and marketing company in Australia.

Grand Pharmaceutical Group

Market Cap: HK$25.0b

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.

China Railway Group

Market Cap: CN¥133.7b

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

China Mengniu Dairy

Market Cap: HK$64.5b

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

Hansen Technologies

Market Cap: AU$1.0b

Engages in the development, integration, and support of billing and customer information systems.

Morimatsu International Holdings

Market Cap: HK$10.7b

Designs, manufactures, installs, operates, and maintains core equipment, process systems, and solutions primarily for chemical reactions, biological reactions, and polymerization.

Anker Innovations

Market Cap: CN¥53.4b

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

GPT Group

Market Cap: AU$8.9b

GPT is one of Australia’s leading property groups, with assets under management of $34.1 billion across a portfolio of high quality retail, office and logistics assets.

Ganyuan Foods

Market Cap: CN¥4.9b

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

Longfor Group Holdings

Market Cap: HK$66.2b

An investment holding company, engages in the property development, commercial investment, asset management, property management, and smart construction businesses in the People’s Republic of China.

China Resources Land

Market Cap: HK$221.8b

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

Lucky Harvest

Market Cap: CN¥8.4b

Engages in the research, development, production, and sale of precision stamping dies and structural metal parts in China.

GWA Group

Market Cap: AU$566.2m

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

Micro-Tech (Nanjing)Ltd

Market Cap: CN¥13.7b

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

Industrial Bank

Market Cap: CN¥402.3b

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

Trajan Group Holdings

Market Cap: AU$70.2m

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.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp302.1t

Provides information and communications technology, and telecommunications network services worldwide.

Arnoldo Mondadori Editore

Market Cap: €506.8m

Engages in publishing of books and magazines in Italy, rest of Europe, and the United States.

American Integrity Insurance Group

Market Cap: €370.4m

Operates as an insurance company in the United States.

Orion Group Holdings

Market Cap: US$406.0m

Operates as a specialty construction company for the infrastructure, industrial, and building sectors in the United States, Canada, and the Caribbean Basin.