Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Worley

Market Cap: AU$7.2b

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

Tsingtao Brewery

Market Cap: HK$86.1b

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

China Overseas Property Holdings

Market Cap: HK$16.4b

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

Proya CosmeticsLtd

Market Cap: CN¥31.6b

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

Ganyuan Foods

Market Cap: CN¥5.1b

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

Acrow

Market Cap: AU$326.5m

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

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.

Jiangsu Changshu Rural Commercial Bank

Market Cap: CN¥23.0b

Jiangsu Changshu Rural Commercial Bank 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.

China Railway Group

Market Cap: CN¥127.5b

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

Trajan Group Holdings

Market Cap: AU$112.9m

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.

IPH

Market Cap: AU$990.3m

Provides intellectual property (IP) services and products.

China Resources Land

Market Cap: HK$219.6b

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

Monash IVF Group

Market Cap: AU$261.1m

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

China Mengniu Dairy

Market Cap: HK$58.6b

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

China Construction Bank

Market Cap: HK$2.0t

Engages in the provision of various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally.

Beijing New Building Materials

Market Cap: CN¥41.4b

Manufactures and sells building materials in China and internationally.

Industrial Bank

Market Cap: CN¥426.0b

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

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥8.6b

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

Miura

Market Cap: JP¥339.3b

Produces and sells boilers in Japan and internationally.

Bank of China

Market Cap: HK$1.7t

Provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally.

Hu Lane Associate

Market Cap: NT$15.7b

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

KH Neochem

Market Cap: JP¥97.8b

Researches, manufactures, and sells of petrochemical products in Japan and internationally.

Sinoma International EngineeringLtd

Market Cap: CN¥22.8b

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

Shandong Yisheng Livestock & Poultry Breeding

Market Cap: CN¥9.4b

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd.

Gamma Communications

Market Cap: UK£888.4m

Provides technology-based communications and software services to small, medium, and large-sized organizations in the United Kingdom, rest of Europe, and internationally.

Sangoma Technologies

Market Cap: US$237.9m

Develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications in the United States of America and internationally.

freenet

Market Cap: €3.2b

Provides telecommunications, broadcasting, and multimedia services for mobile communications/mobile internet, and digital lifestyle sectors in Germany.

Intrum

Market Cap: €6.1b

Provides payment solutions, and credit and collection services in Europe and internationally.

Tristel

Market Cap: UK£174.2m

Develops, manufactures, and sells infection prevention products in the United Kingdom, Australia, Germany, Western Europe, and internationally.

JOST Werke

Market Cap: €736.8m

Manufactures and supplies safety-critical systems for the commercial vehicle industry in Germany, Europe, North America, Asia, Pacific, and Africa.

Arcadis

Market Cap: €3.9b

Offers design, engineering, architecture, and consultancy solutions for natural and built assets in The Americas, Europe, the Middle East, and the Asia Pacific.

KBR

Market Cap: US$6.3b

Provides scientific, technology, and engineering solutions to governments and commercial customers worldwide.

H.I.S

Market Cap: €104.3b

Provides travel agency services worldwide.

Angel Oak Mortgage REIT

Market Cap: US$232.9m

A real estate finance company, focuses on acquiring and investing in first lien non- qualified mortgage loans and other mortgage-related assets in the United States mortgage market.