Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Cheerwin Group

Market Cap: HK$2.9b

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.

Inspur Digital Enterprise Technology

Market Cap: HK$7.8b

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.

GWA Group

Market Cap: AU$624.5m

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

MC Group

Market Cap: ฿8.5b

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

WemadeLtd

Market Cap: ₩830.2b

Develops and publishes games in South Korea and internationally.

Shanghai Zhonggu Logistics

Market Cap: CN¥21.3b

Provides container shipping services in China.

Trajan Group Holdings

Market Cap: AU$99.2m

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.

Foxsemicon Integrated Technology

Market Cap: NT$30.5b

Engages in the research, development, design, manufacturing, and sale of semiconductor equipment subsystems and system integration in Taiwan, the United States, China, and internationally.

Huaibei Mining HoldingsLtd

Market Cap: CN¥34.0b

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

REC

Market Cap: ₹943.2b

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

MCNEX

Market Cap: ₩414.8b

Manufactures and sells camera modules in South Korea and internationally.

BOC Aviation

Market Cap: HK$47.8b

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.

Sansiri

Market Cap: ฿23.0b

Engages in the property development business 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.

Chambal Fertilisers and Chemicals

Market Cap: ₹184.0b

Produces and sells fertilizers primarily in India.

AWC Berhad

Market Cap: RM 205.3m

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

Raydium Semiconductor

Market Cap: NT$15.7b

Engages in the design, development, and sale of display drivers, sequential control, and power management integrated circuit (IC) products in China, Hong Kong, Taiwan, and internationally.

Jiang Zhong PharmaceuticalLtd

Market Cap: CN¥13.6b

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

Converge Information and Communications Technology Solutions

Market Cap: ₱104.9b

Converge Information and Communications Technology Solutions, Inc.

Innocean Worldwide

Market Cap: ₩715.2b

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

Bear Electric ApplianceLtd

Market Cap: CN¥6.8b

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

Sinoma International EngineeringLtd

Market Cap: CN¥24.0b

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

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥11.7b

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

Srisawad Corporation

Market Cap: ฿43.2b

Provides financial services in Thailand and internationally.

Bethel Automotive Safety Systems

Market Cap: CN¥27.1b

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

Binggrae

Market Cap: ₩658.7b

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

Micro-Tech (Nanjing)Ltd

Market Cap: CN¥14.3b

Researches, develops, manufactures, and sells minimally invasive medical devices to hospitals and clinics worldwide.

Beijing New Building Materials

Market Cap: CN¥43.0b

Manufactures and sells building materials in China and internationally.

Chongqing Baiya Sanitary Products

Market Cap: CN¥8.9b

Chongqing Baiya Sanitary Products Co., Ltd.

Gourmet Master

Market Cap: NT$10.9b

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

China Mengniu Dairy

Market Cap: HK$56.4b

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

Acrow

Market Cap: AU$329.3m

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

Emaar Properties PJSC

Market Cap: د.إ118.4b

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

NetEase Cloud Music

Market Cap: HK$41.2b

An investment holding company, engages in the operation of online platforms to provide music and social entertainment services in the People’s Republic of China.

Adairs

Market Cap: AU$319.2m

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