Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

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.

Anker Innovations

Market Cap: CN¥58.8b

Develops and sells mobile charging products.

DUG Technology

Market Cap: AU$291.8m

A technology company, provides hardware and software solutions for the technology and resource sectors in Australia, the United States, the United Kingdom, Malaysia, and the United Arab Emirates.

Nido Education

Market Cap: AU$128.8m

Owns, operates, and manages long day early childhood education and care centres under the Nido Early School brand in Australia.

REC

Market Cap: ₹953.9b

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

Haidilao International Holding

Market Cap: HK$77.8b

An investment holding company, engages in the restaurant operation and delivery businesses in Mainland China, Hong Kong, Macau, and Taiwan.

China Resources Land

Market Cap: HK$218.9b

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

Chongqing Baiya Sanitary Products

Market Cap: CN¥9.6b

Chongqing Baiya Sanitary Products Co., Ltd.

Adairs

Market Cap: AU$333.4m

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

Inspur Digital Enterprise Technology

Market Cap: HK$9.5b

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.

Gourmet Master

Market Cap: NT$12.1b

Operates and franchises chain stores in China, Taiwan, Hong Kong, the United States, and internationally.

Lion

Market Cap: JP¥430.6b

Manufactures and sells consumer and industrial products in Japan and internationally.

China Mengniu Dairy

Market Cap: HK$58.4b

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

Hyosung TNC

Market Cap: ₩958.1b

Manufactures and sells fiber in South Korea and internationally.

WemadeLtd

Market Cap: ₩983.7b

Develops and publishes games in South Korea and internationally.

Jiangsu King's Luck Brewery Ltd

Market Cap: CN¥48.8b

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

Micro-Star International

Market Cap: NT$92.9b

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

Carlsberg

Market Cap: US$110.8b

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

Tenaga Nasional Berhad

Market Cap: RM 78.1b

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

Hoa Phat Group

Market Cap: ₫207.2t

Produces and sells steel products in Vietnam.

Axalta Coating Systems

Market Cap: US$6.2b

Through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

Hu Lane Associate

Market Cap: NT$15.8b

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

MCNEX

Market Cap: ₩453.2b

Manufactures and sells camera modules in South Korea and internationally.

Shenzhen Transsion Holdings

Market Cap: CN¥75.8b

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

Centurion

Market Cap: S$1.1b

Owns, develops, and manages workers and student accommodation assets in Singapore, Malaysia, Australia, the United Kingdom, and internationally.

Sasseur Real Estate Investment Trust

Market Cap: S$860.1m

Invests in a portfolio of real estate and related assets.

Aurelia Metals

Market Cap: AU$397.8m

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

Jiang Zhong PharmaceuticalLtd

Market Cap: CN¥13.8b

Engages in the research and development, production, and sale of Chinese patent medicines and health foods in Mainland China.

Aeris Resources

Market Cap: AU$511.4m

Explores, produces, and sells precious metals in Australia.

Sinoma International EngineeringLtd

Market Cap: CN¥25.1b

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

Apeloa PharmaceuticalLtd

Market Cap: CN¥17.8b

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

Bethel Automotive Safety Systems

Market Cap: CN¥28.6b

Develops, manufactures, and sells automotive safety systems and advanced driver assistance systems in China.

Binggrae

Market Cap: ₩664.0b

Engages in production and sale of dairy products in South Korea and internationally.

Shofu

Market Cap: JP¥66.2b

Manufactures and sells dental materials and equipment worldwide.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.2b

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.