Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Longfor Group Holdings

Market Cap: HK$65.5b

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.

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.

China Resources Land

Market Cap: HK$201.1b

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

Bank of China

Market Cap: HK$1.9t

Provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally.

China Overseas Property Holdings

Market Cap: HK$15.6b

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

Industrial Bank

Market Cap: CN¥430.7b

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

NetEase Cloud Music

Market Cap: HK$42.0b

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.

Shenzhen Transsion Holdings

Market Cap: CN¥77.1b

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

GWA Group

Market Cap: AU$637.3m

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

Hansen Technologies

Market Cap: AU$1.1b

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

Jinneng Holding Shanxi Coal Industryltd

Market Cap: CN¥24.2b

Engages in the production and sales of coal in China.

C&D International Investment Group

Market Cap: HK$36.8b

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.

Apeloa PharmaceuticalLtd

Market Cap: CN¥18.5b

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

Trajan Group Holdings

Market Cap: AU$99.9m

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 Railway Group

Market Cap: CN¥125.7b

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

Micro-Tech (Nanjing)Ltd

Market Cap: CN¥14.7b

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

New Hope Dairy

Market Cap: CN¥14.4b

Produces and sells dairy products in China.

Acrow

Market Cap: AU$324.7m

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

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.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥8.5b

Provides chemical supply chain solutions worldwide.

Aurelia Metals

Market Cap: AU$414.7m

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

China National Building Material

Market Cap: HK$37.3b

An investment holding company, engages in building material, new materials, and engineering technical services businesses.

Shanghai Zhonggu Logistics

Market Cap: CN¥21.7b

Provides container shipping services in China.

Aeris Resources

Market Cap: AU$580.3m

Explores, produces, and sells precious metals in Australia.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥10.8b

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

Adairs

Market Cap: AU$311.2m

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

Anker Innovations

Market Cap: CN¥58.7b

Develops and sells mobile charging products.

Beijing New Building Materials

Market Cap: CN¥42.2b

Manufactures and sells building materials in China and internationally.

China Mengniu Dairy

Market Cap: HK$55.8b

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

Guangdong Haid Group

Market Cap: CN¥88.4b

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

Sinoma International EngineeringLtd

Market Cap: CN¥24.5b

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

TAKKT

Market Cap: €235.3m

Operates as a B2B direct marketing company for business equipment in Europe and North America.

Mitek Systems

Market Cap: US$416.8m

Provides mobile image capture and digital identity verification solutions worldwide.

Beazley

Market Cap: €4.6b

Provides risk insurance and reinsurance solutions in the United States, the United Kingdom, rest of Europe, and internationally.