Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

China Foods

Market Cap: HK$7.8b

An investment holding company, manufactures, distributes, markets, and sells Coca-Cola series products in the People’s Republic of China.

Carlsberg

Market Cap: US$110.2b

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

Middle East Healthcare

Market Cap: ر.س5.3b

A healthcare provider, owns and operates a network of hospitals under the Saudi German Hospital name in the Middle East and North Africa.

ACC

Market Cap: ₹334.8b

Engages in the manufacture and sale of cement and ready-mix concrete in India.

Ningbo Deye Technology Group

Market Cap: CN¥50.7b

Engages in the production and sales of heat exchangers, inverters, and dehumidifiers in South Africa, Brazil, Hongkong, Germany, India, and internationally.

Jonjee Hi-Tech Industrial and Commercial HoldingLtd

Market Cap: CN¥14.6b

Produces and sells seasoning products in China and internationally.

LX Semicon

Market Cap: ₩920.6b

Operates as a semiconductor company in South Korea, China, Vietnam, Taiwan, Japan, and internationally.

Vardhman Textiles

Market Cap: ₹113.9b

Manufactures, purchases, and sells textiles and fibres in India and internationally.

Aeon (M) Bhd

Market Cap: RM 1.9b

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

SK

Market Cap: ₩10.1t

Engages in advanced materials, energy, life sciences and biopharmaceuticals, and digital businesses.

REC

Market Cap: ₹1.0t

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

Tsingtao Brewery

Market Cap: HK$86.0b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

WemadeLtd

Market Cap: ₩1.0t

Develops and publishes games in South Korea and internationally.

CLIO CosmeticsLtd

Market Cap: ₩255.9b

Provides makeup products in South Korea and internationally.

China Mengniu Dairy

Market Cap: HK$64.8b

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

Select Harvests

Market Cap: AU$541.4m

Engages in the growing, processing, packaging, and selling of almonds and its by-products in Australia.

Bangchak Corporation

Market Cap: ฿44.4b

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

Sinoma International EngineeringLtd

Market Cap: CN¥23.9b

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

Beijing New Building Materials

Market Cap: CN¥44.8b

Manufactures and sells building materials in China and internationally.

Jiangsu Xinquan Automotive TrimLtd

Market Cap: CN¥23.0b

Designs, develops, manufactures, sells, and supplies auto parts in China.

Cheil Worldwide

Market Cap: ₩2.0t

Provides various marketing solutions worldwide.

ShenZhen YUTO Packaging Technology

Market Cap: CN¥22.4b

ShenZhen YUTO Packaging Technology Co., Ltd.

Innocean Worldwide

Market Cap: ₩756.4b

Provides marketing and communications services in the Americas, Europe, Asia, Oceania, the Middle East, and internationally.

Hyosung TNC

Market Cap: ₩977.5b

Manufactures and sells fiber in South Korea and internationally.

CapitaLand Malaysia Trust

Market Cap: RM 2.0b

CapitaLand Malaysia Trust (CLMT) is a real estate investment trust (REIT) and was listed on the Main Market of Bursa Malaysia Securities Berhad on 16 July 2010.

Ganyuan Foods

Market Cap: CN¥5.2b

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

Shenzhen Transsion Holdings

Market Cap: CN¥92.0b

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

F&F

Market Cap: ₩2.4t

Manufactures and sells sewn wearing apparels in South Korea.

Shenzhen Fuanna Bedding and FurnishingLtd

Market Cap: CN¥6.1b

Engages in the research and development, design, production, and sale of textile home furnishing, sleep home furnishing, and living products in China and internationally.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥12.0b

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

Proya CosmeticsLtd

Market Cap: CN¥32.4b

A beauty and personal care company, researches, develops, produces, and sells cosmetics in China.

Trajan Group Holdings

Market Cap: AU$140.9m

Develops, manufactures, sells, and distributes analytical and life science products and devices in Australia, New Zealand, Malaysia, Japan, the United States, Europe, the Middle East, Africa, and India.

Sasseur Real Estate Investment Trust

Market Cap: S$875.5m

Invests in a portfolio of real estate and related assets.

Acrow

Market Cap: AU$320.3m

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

Arcadis

Market Cap: €3.6b

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