Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Anhui Expressway

Market Cap: CN¥22.7b

Engages in the construction, operation, management, and development of the toll roads and associated service sections in the People's Republic of China.

Indofood Sukses Makmur

Market Cap: Rp59.3t

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

NetEase Cloud Music

Market Cap: HK$38.5b

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.

Hansen Technologies

Market Cap: AU$1.1b

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

Guangdong Haid Group

Market Cap: CN¥85.2b

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

Aurelia Metals

Market Cap: AU$541.6m

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

Shanghai Zhonggu Logistics

Market Cap: CN¥21.4b

Provides container shipping services in China.

Fosun International

Market Cap: HK$34.1b

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

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥10.2b

Provides chemical supply chain solutions worldwide.

China Construction Bank

Market Cap: HK$2.0t

Engages in the provision of various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally.

Shenzhen Transsion Holdings

Market Cap: CN¥71.6b

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

Lucky Harvest

Market Cap: CN¥10.6b

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

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.

China Resources Land

Market Cap: HK$204.9b

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

Summerset Group Holdings

Market Cap: AU$2.9b

Develops, owns, and operates integrated retirement villages in New Zealand and Australia.

China Railway Group

Market Cap: CN¥126.0b

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

Adairs

Market Cap: AU$303.2m

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

Huaqin Technology

Market Cap: CN¥91.0b

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

ARN Media

Market Cap: AU$119.0m

Operates as a media and entertainment company in Australia and Hong Kong.

China Mengniu Dairy

Market Cap: HK$61.2b

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

Anker Innovations

Market Cap: CN¥56.8b

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

China Resources Jiangzhong PharmaceuticalLtd

Market Cap: CN¥14.3b

Engages in the manufacture of pharmaceutical products in China.

Longfor Group Holdings

Market Cap: HK$68.4b

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.

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 Overseas Property Holdings

Market Cap: HK$16.1b

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

Industrial Bank

Market Cap: CN¥409.5b

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

Sichuan Baicha Baidao Industrial

Market Cap: HK$10.1b

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

Hu Lane Associate

Market Cap: NT$15.1b

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

C&D International Investment Group

Market Cap: HK$34.3b

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.

Allstate

Market Cap: €50.7b

Provides property and casualty, and other insurance products in the United States and Canada.

Hannover Rück

Market Cap: €28.5b

Provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally.

Inseego

Market Cap: US$180.3m

Engages in the design and development of cloud-managed wireless wide area network (WAN) and intelligent edge solutions for businesses, consumers, and governments in the United Stated, Europe, and internationally.

ICG

Market Cap: UK£5.6b

A private equity firm specializing in direct and fund of fund investments.

Prosegur Cash

Market Cap: €936.1m

Provides integrated cash cycle management solutions and automating payments in retail establishments and ATM management for financial institutions, retail establishments, business, government agencies, central banks, mints, and jewellery stores in Europe, LATAM, and internationally.

Arcadis

Market Cap: €3.2b

Offers design, engineering, architecture, and consultancy solutions for natural and built assets in The Americas, Europe, the Middle East, and the Asia Pacific.