Global Real Estate Management and Development Potentially Undervalued Companies

Calgro M3 Holdings

Market Cap: US$494.7m

Together with its subsidiary, develops integrated residential properties in South Africa.

UOL Group

Market Cap: US$4.8b

Engages in the property and hospitality operations in Singapore, Australia, the United Kingdom, China, Malaysia, Indonesia, Thailand, Vietnam, Myanmar, Cambodia, Bangladesh, Japan, the United States, Canada, and Kenya.

SC Asset Corporation

Market Cap: ฿9.8b

Engages in the real estate development business in Thailand.

Rabbit Holdings

Market Cap: ฿2.4b

Engages in real estate development and financial service business in Thailand and internationally.

Charn Issara Development

Market Cap: ฿341.4m

Engages in real estate development activities in Thailand.

Glomac Berhad

Market Cap: RM 264.8m

An investment holding company, engages in the property development business in Malaysia.

BCB Berhad

Market Cap: RM 119.1m

An investment holding company, engages in the investment, development, management, and letting out of residential and commercial properties in Malaysia.

Citychamp Dartong Advanced Materials

Market Cap: CN¥3.3b

Citychamp Dartong Advanced Materials Co., Ltd.

Crescendo Corporation Berhad

Market Cap: RM 984.5m

An investment holding company, invests in, develops, constructs, and manages properties in Malaysia.

China Overseas Grand Oceans Group

Market Cap: HK$6.0b

An investment holding company, invests in, develops, and leases real estate properties in the People’s Republic of China and Hong Kong.

MBK

Market Cap: ฿23.9b

Engages in the shopping center, hotel and tourism, golf, real estate, food solution, financial, and auction businesses in Thailand, the United States, Canada, Europe, and the Asia Pacific.

Xinji Shaxi Group

Market Cap: HK$64.2m

An investment holding company, operates and manages hospitality supplies and home furnishing shopping malls in the People’s Republic of China.

Grand Field Group Holdings

Market Cap: HK$52.1m

An investment holding company, invests in and develops properties in the People’s Republic of China.

Asia Orient Holdings

Market Cap: HK$277.5m

An investment holding company, engages in the property development, investment, and management activities in Hong Kong, Mainland China, and Canada.

Multifield International Holdings

Market Cap: HK$819.4m

An investment holding company, engages in the investment, development, management, rental, and sale of real estate properties in Hong Kong and Mainland China.

Dowell Service Group

Market Cap: HK$486.4m

An investment holding company, provides property management and value-added services in the People's Republic of China.

Tirupati Sarjan

Market Cap: ₹453.1m

Engages in the real estate development business in India.

Bukit Sembawang Estates

Market Cap: S$906.2m

An investment holding company, engages in the property development, investments, and related activities in Singapore.

Rabbit Holdings

Market Cap: ฿2.4b

Engages in real estate development and financial service business in Thailand and internationally.

Prime Lands Residencies

Market Cap: LK₨11.3b

Engages in purchasing land and constructing residential apartment complexes in Sri Lanka.

CCCG Real Estate

Market Cap: CN¥2.9b

Develops, operates, and sells real estate properties in China.

Excellence Commercial Property & Facilities Management Group

Market Cap: HK$1.6b

Provides commercial property management services in China.

Araneta Properties

Market Cap: ₱1.2b

Develops and sells real estate properties in the Philippines.

Mauritius Secondary Industries

Market Cap: MU₨28.0m

Engages in the rental of commercial and industrial buildings.

Country Group Development

Market Cap: ฿1.7b

Engages in the real estate development business in Thailand and internationally.

Ichigo

Market Cap: JP¥163.9b

Engages in real estate business in Japan.

A.D.Works GroupLtd

Market Cap: JP¥12.8b

Operates in the real estate and stock-based fee businesses in Japan.

PEXA Group

Market Cap: AU$2.0b

Operates a digital property settlements platform in Australia.

MPICO

Market Cap: MK 43.7b

Engages in the development, rental, and management of commercial, residential, retail, and industrial properties in Malawi.

Forestar Group

Market Cap: €992.6m

Operates as a residential lot development company in the United States.

Atenor

Market Cap: €179.1m

Operates as a real estate development company in Belgium, Luxembourg, the Netherlands, France, Germany, Portugal, Poland, Hungary, Britain, and Romania.

A. Libental Holdings

Market Cap: ₪113.0m

Engages in land acquisition and planning, issuing permits, construction and supervision, marketing, and sale activities in Israel.

Fletcher King

Market Cap: UK£2.9m

Provides a range of property advice services in the United Kingdom.

DEMIRE Deutsche Mittelstand Real Estate

Market Cap: €70.2m

Engages in the acquisition, management, and leasing of commercial real estate properties for medium-sized companies in Germany.

Savills

Market Cap: UK£1.3b

Engages in the provision of real estate services in the United Kingdom, Continental Europe, the Asia Pacific, Africa, North America, and the Middle East.

Lippo Cikarang

Market Cap: €1.5t

Develops real estate and industrial estate projects in Indonesia.