Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Lucky Harvest

Market Cap: CN¥9.2b

Engages in the research, development, production, and sale of precision stamping dies and structural metal parts in China.

Sasseur Real Estate Investment Trust

Market Cap: S$866.4m

Invests in a portfolio of real estate and related assets.

IRB Infrastructure Developers

Market Cap: ₹268.3b

Engages in the infrastructure development business in India.

Ping An Bank

Market Cap: CN¥214.8b

Provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally.

Industrial Bank

Market Cap: CN¥399.1b

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

Indofood Sukses Makmur

Market Cap: Rp58.8t

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

China Tower

Market Cap: HK$195.4b

Provides telecommunication tower infrastructure services in the People's Republic of China.

Adairs

Market Cap: AU$328.1m

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

REC

Market Cap: ₹932.0b

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

Tsingtao Brewery

Market Cap: CN¥74.7b

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

Aeris Resources

Market Cap: AU$649.3m

Explores, produces, and sells precious metals in Australia.

China South Publishing & Media Group

Market Cap: CN¥20.1b

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

LHN

Market Cap: S$299.2m

An investment holding company, engages in space optimization, property development, facilities management services, and energy businesses in Singapore, Hong Kong, Myanmar, Indonesia, and Cambodia.

Cheerwin Group

Market Cap: HK$3.2b

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.

Grand Pharmaceutical Group

Market Cap: HK$27.2b

An investment holding company, engages in the research and development, manufacture, and sale of pharmaceutical preparations and medical devices, biotechnology and healthcare products, and pharmaceutical raw materials.

China Mobile

Market Cap: HK$1.7t

Provides telecommunications and information related services in Mainland China and Hong Kong.

China Mengniu Dairy

Market Cap: HK$67.0b

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

Fosun International

Market Cap: HK$33.5b

Operates in the health, happiness, wealth, and intelligent manufacturing sectors in Mainland China, Portugal, and internationally.

Horizon Construction Development

Market Cap: HK$3.1b

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

Bank BTPN Syariah

Market Cap: Rp9.4t

Provides various banking products and services in Indonesia.

Zhejiang Jiuzhou Pharmaceutical

Market Cap: CN¥15.8b

Operates as contract development and manufacturing organization (CDMO) company in China and internationally.

Anhui Expressway

Market Cap: CN¥23.4b

Engages in the construction, operation, management, and development of the toll roads and associated service sections in the People's Republic of China.

Hoa Phat Group

Market Cap: ₫206.1t

Produces and sells steel products in Vietnam.

Hu Lane Associate

Market Cap: NT$13.4b

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

China Railway Group

Market Cap: CN¥128.8b

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

Aurelia Metals

Market Cap: AU$533.2m

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

Guangdong Haid Group

Market Cap: CN¥90.3b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

MEGA P&C Advanced Materials (Shanghai)

Market Cap: CN¥5.5b

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

Acrow

Market Cap: AU$325.6m

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

Trajan Group Holdings

Market Cap: AU$101.4m

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.

Jiangsu King's Luck Brewery Ltd

Market Cap: CN¥41.0b

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

ARN Media

Market Cap: AU$115.0m

Operates as a media and entertainment company in Australia and Hong Kong.

Innocean Worldwide

Market Cap: ₩800.0b

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

Geely Automobile Holdings

Market Cap: CN¥183.4b

An investment holding company, operates as an automobile manufacturer primarily in the People’s Republic of China.

Inspur Digital Enterprise Technology

Market Cap: HK$5.2b

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.