Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Carlsberg

Market Cap: US$110.3b

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

Trajan Group Holdings

Market Cap: AU$131.2m

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.

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.

BOC Aviation

Market Cap: HK$47.2b

Operates as an aircraft operating leasing company in Mainland China, Hong Kong, Macau, Taiwan, rest of the Asia Pacific, the Americas, Europe, the Middle East, and Africa.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥9.2b

Provides chemical supply chain solutions worldwide.

China Mengniu Dairy

Market Cap: HK$54.8b

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

Monash IVF Group

Market Cap: AU$278.6m

Engages in the provision of assisted reproductive and specialist women imaging services in Australia and Malaysia.

Livzon Pharmaceutical Group

Market Cap: CN¥30.9b

Researches, develops, produces, exports, and sells pharmaceutical products, and active pharmaceutical ingredients and intermediates in the People’s Republic of China.

Stanmore Resources

Market Cap: AU$2.1b

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

Proya CosmeticsLtd

Market Cap: CN¥30.7b

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

Shanghai Yuyuan Tourist Mart (Group)

Market Cap: CN¥22.6b

Shanghai Yuyuan Tourist Mart (Group) Co., Ltd.

Indofood Sukses Makmur

Market Cap: Rp62.6t

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

ShenZhen YUTO Packaging Technology

Market Cap: CN¥23.2b

ShenZhen YUTO Packaging Technology Co., Ltd.

Shandong Yisheng Livestock & Poultry Breeding

Market Cap: CN¥9.1b

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd.

Middle East Healthcare

Market Cap: ر.س5.1b

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

Aurelia Metals

Market Cap: AU$457.0m

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

Adairs

Market Cap: AU$400.8m

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

China Overseas Property Holdings

Market Cap: HK$15.7b

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

C&D International Investment Group

Market Cap: HK$39.0b

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.

Industrial Bank

Market Cap: CN¥427.3b

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

Beijing New Building Materials

Market Cap: CN¥40.8b

Manufactures and sells building materials in China and internationally.

China Resources Land

Market Cap: HK$207.7b

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

Worley

Market Cap: AU$7.1b

Provides professional services to the energy, chemicals, and resources sectors in the Americas, Europe, the Middle East, Africa, Australia, the Asia Pacific, and China.

Ganyuan Foods

Market Cap: CN¥4.9b

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

Sinoma International EngineeringLtd

Market Cap: CN¥24.6b

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

IPH

Market Cap: AU$920.4m

Provides intellectual property (IP) services and products.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.5b

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.

ARYZTA

Market Cap: CHF 1.3b

Provides products and services for in-store bakery solutions in Europe and internationally.

Brinker International

Market Cap: €5.8b

Owns, develops, operates, and franchises casual dining restaurants in the United States and internationally.

Econocom Group

Market Cap: €278.3m

Designs and develops digital solutions for public and private companies in Belgium and internationally.

Serabi Gold

Market Cap: CA$200.7m

Engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil.

Demant

Market Cap: DKK 51.1b

Operates as a hearing healthcare company in Europe, North America, Asia, Pacific region, and internationally.

China Railway Group

Market Cap: CN¥131.9b

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

PORR

Market Cap: €1.2b

Operates as a construction company in Austria, Germany, Poland, the Czech Republic, Italy, Romania, Switzerland, Serbia, Great Britain, Slovakia, Norway, Belgium, and internationally.

ConocoPhillips

Market Cap: US$108.7b

Explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids.