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.

Sichuan Baicha Baidao Industrial

Market Cap: HK$9.3b

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

Guangdong Haid Group

Market Cap: CN¥88.9b

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

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.

China Tower

Market Cap: HK$191.8b

Provides telecommunication tower infrastructure services in the People's Republic of China.

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.

China Railway Group

Market Cap: CN¥133.3b

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

Industrial Bank

Market Cap: CN¥405.9b

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

Anker Innovations

Market Cap: CN¥54.6b

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

Bank BTPN Syariah

Market Cap: Rp9.8t

Provides various banking products and services in Indonesia.

Acrow

Market Cap: AU$320.9m

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

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.

Hoa Phat Group

Market Cap: ₫217.2t

Produces and sells steel products in Vietnam.

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.

Adairs

Market Cap: AU$324.5m

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

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.

Fosun International

Market Cap: HK$32.7b

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

REC

Market Cap: ₹1.0t

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

Sasseur Real Estate Investment Trust

Market Cap: S$866.4m

Invests in a portfolio of real estate and related assets.

IRB Infrastructure Developers

Market Cap: ₹253.9b

Engages in the infrastructure development business in India.

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.

Geely Automobile Holdings

Market Cap: CN¥172.4b

An investment holding company, operates as an automobile manufacturer primarily in the People’s Republic of China.

Inspur Digital Enterprise Technology

Market Cap: HK$5.2b

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.

Chambal Fertilisers and Chemicals

Market Cap: ₹175.5b

Produces and sells fertilizers primarily in India.

Huaqin Technology

Market Cap: CN¥83.9b

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

Housing and Development Bank- Egypt (S.A.E)

Market Cap: ج.م52.6b

Together with its, provides corporate and retail banking services in Egypt.

CellaVision

Market Cap: SEK 3.4b

Develops and sells instruments, software, and reagents for blood and body fluids analysis in Sweden and internationally.

Block

Market Cap: €34.2b

Block, Inc., together with its subsidiaries, builds ecosystems focused on commerce and financial products and services in the United States and internationally.

Cabka

Market Cap: €41.5m

Manufactures and sells pallets and large containers made from recycled plastic in Europe, North America, and internationally.

Lucky Harvest

Market Cap: CN¥9.2b

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

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥10.0b

Provides chemical supply chain solutions worldwide.

Zhejiang Jiuzhou Pharmaceutical

Market Cap: CN¥15.8b

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

Trajan Group Holdings

Market Cap: AU$102.2m

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.

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.