Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Aeon (M) Bhd

Market Cap: RM 1.8b

Operates and manages a retail chain of departmental stores and supermarkets in Malaysia.

WemadeLtd

Market Cap: ₩938.2b

Develops and publishes games in South Korea and internationally.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥9.4b

Provides chemical supply chain solutions worldwide.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥9.4b

Provides chemical supply chain solutions worldwide.

Hoa Phat Group

Market Cap: ₫202.6t

Produces and sells steel products in Vietnam.

Indofood Sukses Makmur

Market Cap: Rp64.1t

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

Hyosung TNC

Market Cap: ₩949.5b

Manufactures and sells fiber in South Korea and internationally.

Anhui Conch Cement

Market Cap: CN¥121.0b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

Jiangsu King's Luck Brewery Ltd

Market Cap: CN¥48.3b

Jiangsu King's Luck Brewery Joint-Stock Co.,Ltd.

Tenaga Nasional Berhad

Market Cap: RM 77.1b

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

China Resources Land

Market Cap: HK$209.4b

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$370.6m

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

China Overseas Property Holdings

Market Cap: HK$16.0b

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

Sasseur Real Estate Investment Trust

Market Cap: S$866.4m

Invests in a portfolio of real estate and related assets.

Bangchak Corporation

Market Cap: ฿41.7b

Engages in the refining and marketing of petroleum products in Thailand, Singapore, Norway, Korea, Laos, and internationally.

Chambal Fertilisers and Chemicals

Market Cap: ₹195.5b

Produces and sells fertilizers primarily in India.

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.

Assetwise

Market Cap: ฿5.6b

Engages in property development and other real estate activities in Thailand.

Cheerwin Group

Market Cap: HK$3.0b

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.

REC

Market Cap: ₹981.1b

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

Sao Ta Foods

Market Cap: ₫2.3t

Engages in farming, processing, and preserving aquatic products.

Industrial Bank

Market Cap: CN¥436.0b

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

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.

Emaar Properties PJSC

Market Cap: د.إ127.7b

Engages in the property investment, development, and development management business in the United Arab Emirates and internationally.

China Railway Group

Market Cap: CN¥133.1b

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

Security Bank

Market Cap: ₱51.9b

Provides banking and financial products and services to wholesale and retail clients in the Philippines.

Micro-Star International

Market Cap: NT$91.2b

Engages in the manufacture and sale of motherboards, interface cards, notebook computers, and other electronic products in Asia, Europe, the United States, and internationally.

Hu Lane Associate

Market Cap: NT$15.9b

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

Carlsberg

Market Cap: US$109.5b

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

Stanmore Resources

Market Cap: AU$1.9b

Engages in the exploration, development, production, and sale of metallurgical coal in Australia.

Horizon Construction Development

Market Cap: HK$3.6b

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

Sansiri

Market Cap: ฿24.6b

Engages in the property development business in Thailand.

Guangdong Haid Group

Market Cap: CN¥95.5b

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

Shenzhen Transsion Holdings

Market Cap: CN¥87.4b

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

Cheil Worldwide

Market Cap: ₩2.1t

Provides various marketing solutions worldwide.