Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Horizon Construction Development

Market Cap: HK$3.7b

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

Huaibei Mining HoldingsLtd

Market Cap: CN¥33.4b

Primarily engages in coal mining, washing, processing, sales, and production of coal chemical products in China.

Tenaga Nasional Berhad

Market Cap: RM 76.4b

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

WemadeLtd

Market Cap: ₩836.9b

Develops and publishes games in South Korea and internationally.

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.

REC

Market Cap: ₹926.2b

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

Carlsberg

Market Cap: US$107.5b

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

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.

AWC Berhad

Market Cap: RM 198.5m

An investment holding company, provides integrated facilities management and engineering services.

Shanghai Zhonggu Logistics

Market Cap: CN¥21.6b

Provides container shipping services in China.

Innocean Worldwide

Market Cap: ₩728.0b

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

Sinoma International EngineeringLtd

Market Cap: CN¥24.8b

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

Jiang Zhong PharmaceuticalLtd

Market Cap: CN¥13.5b

Engages in the manufacture of pharmaceutical products in China.

Bear Electric ApplianceLtd

Market Cap: CN¥6.9b

Engages in the research and development, design, production, and sale of small household appliances under Bear brand name in China and internationally.

MCNEX

Market Cap: ₩414.8b

Manufactures and sells camera modules in South Korea and internationally.

Inspur Digital Enterprise Technology

Market Cap: HK$8.4b

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.

MC Group

Market Cap: ฿8.5b

Engages in the manufacture and distribution management of clothing and accessories in Thailand.

MEGA P&C Advanced Materials (Shanghai)

Market Cap: CN¥4.7b

Produces and sells solid content, water-based solvent free, and special function coating products in China.

Converge Information and Communications Technology Solutions

Market Cap: ₱108.5b

Converge Information and Communications Technology Solutions, Inc.

China South Publishing & Media Group

Market Cap: CN¥20.5b

Engages in publishing, printing, distribution, media, and financing businesses in China.

Aeon (M) Bhd

Market Cap: RM 1.5b

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

MOIL

Market Cap: ₹65.6b

Engages in the exploration, development, and marketing of various grades of manganese ores in India and Internationally.

ISOTeam

Market Cap: S$60.3m

Operates in the building maintenance and estate upgrading industry in Singapore.

China Conch Venture Holdings

Market Cap: HK$18.7b

An investment holding company, provides various package solutions for energy conservation and environmental protection in Mainland China and the Asia-Pacific.

GWA Group

Market Cap: AU$642.9m

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

China Pacific Insurance (Group)

Market Cap: CN¥318.0b

Provides insurance products to individual and institutional customers in the People’s Republic of China.

Sasseur Real Estate Investment Trust

Market Cap: S$860.1m

Invests in a portfolio of real estate and related assets.

Srisawad Corporation

Market Cap: ฿43.2b

Provides financial services in Thailand and internationally.

Indofood Sukses Makmur

Market Cap: Rp63.7t

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

F&F

Market Cap: ₩2.7t

Manufactures and sells sewn wearing apparels in South Korea.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥8.6b

Provides chemical supply chain solutions worldwide.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥11.7b

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

Sanwa Holdings

Market Cap: JP¥832.2b

Through its subsidiaries, manufactures and sells construction materials for commercial and residential buildings in Japan, North America, Europe, and Asia.

Middle East Healthcare

Market Cap: ر.س3.8b

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

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥8.6b

Provides chemical supply chain solutions worldwide.