Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

NetEase

Market Cap: US$577.8b

Engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally.

Sangoma Technologies

Market Cap: US$205.9m

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

Ping An Bank

Market Cap: CN¥211.7b

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

China Tower

Market Cap: HK$196.3b

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

Industrial Bank

Market Cap: CN¥388.3b

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

National Medical Care

Market Cap: ر.س5.7b

National Medical Care Company establishes, owns, equips, manages, maintains, and operates healthcare facilities in the Kingdom of Saudi Arabia.

MCNEX

Market Cap: ₩463.0b

Manufactures and sells camera modules in South Korea and internationally.

Jiangsu King's Luck Brewery Ltd

Market Cap: CN¥39.9b

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

Aurelia Metals

Market Cap: AU$533.2m

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

Hu Lane Associate

Market Cap: NT$13.1b

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

JVM

Market Cap: ₩308.1b

Develops and sells automation systems and software of dispensing, packaging, and medication management for hospitals and pharmacies worldwide.

Zhejiang Jiuzhou Pharmaceutical

Market Cap: CN¥15.6b

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

GWA Group

Market Cap: AU$616.6m

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

Sanwa Holdings

Market Cap: JP¥847.8b

Through its subsidiaries, manufactures and sells construction materials for commercial and residential buildings in Japan, North America, Europe, and Asia.

Jinzai Food GroupLtd

Market Cap: CN¥5.0b

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

DUG Technology

Market Cap: AU$252.7m

A technology company, provides hardware and software solutions for the technology and resource sectors in Australia, the United States, the United Kingdom, Malaysia, and the United Arab Emirates.

Guangdong Haid Group

Market Cap: CN¥88.1b

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

Fosun International

Market Cap: HK$30.5b

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

Indofood Sukses Makmur

Market Cap: Rp58.0t

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

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥10.4b

Provides chemical supply chain solutions worldwide.

Aeris Resources

Market Cap: AU$622.5m

Explores, produces, and sells precious metals in Australia.

Tsingtao Brewery

Market Cap: CN¥73.5b

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

LHN

Market Cap: S$280.0m

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

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥10.4b

Provides chemical supply chain solutions worldwide.

Miura

Market Cap: JP¥347.1b

Produces and sells boilers in Japan and internationally.

China South Publishing & Media Group

Market Cap: CN¥19.6b

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

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.

Inspur Digital Enterprise Technology

Market Cap: HK$4.6b

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.

en

Market Cap: JP¥43.4b

Provides human resources service in Japan and internationally.

Bethel Automotive Safety Systems

Market Cap: CN¥31.9b

Develops, manufactures, and sells automotive chassis systems and advanced driving systems in China.

Chongqing Baiya Sanitary Products

Market Cap: CN¥9.1b

Chongqing Baiya Sanitary Products Co., Ltd.

WemadeLtd

Market Cap: ₩907.6b

Develops and publishes games in South Korea and internationally.

Middle East Healthcare

Market Cap: ر.س3.0b

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

Shanghai Zhonggu Logistics

Market Cap: CN¥22.2b

Provides container shipping services in China.

Dentsu Group

Market Cap: JP¥717.9b

Operates in the advertising business in Japan, the Americas, Europe, the Middle East and Africa, and the Asia Pacific.