Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Tenaga Nasional Berhad

Market Cap: US$78.0b

Engages in the generation, transmission, distribution, and sale of electricity in Malaysia, the United Kingdom, Kuwait, the Republic of Ireland, Australia, and internationally.

Tenaga Nasional Berhad

Market Cap: RM 78.0b

Engages in the generation, transmission, distribution, and sale of electricity in Malaysia, the United Kingdom, Kuwait, the Republic of Ireland, Australia, and internationally.

Corpovael. de

Market Cap: Mex$994.7m

Engages in the design, urbanization, construction, promotion, and sale of homes in Mexico.

Renault

Market Cap: €9.3b

Engages in the design, manufacture, sale, repair, maintenance, and leasing of motor vehicles in Europe, Eurasia, Africa, the Middle East, the Asia Pacific, and the Americas.

China Mengniu Dairy

Market Cap: HK$59.8b

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

China Railway Group

Market Cap: CN¥130.0b

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

Worley

Market Cap: AU$7.3b

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

Haidilao International Holding

Market Cap: HK$73.6b

An investment holding company, engages in the restaurant operation and delivery businesses.

Sinoma International EngineeringLtd

Market Cap: CN¥23.2b

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

Acrow

Market Cap: AU$317.2m

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

Indofood Sukses Makmur

Market Cap: Rp67.2t

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

Trajan Group Holdings

Market Cap: AU$112.1m

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$1.0b

Provides intellectual property (IP) services and products.

Industrial Bank

Market Cap: CN¥445.9b

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

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.6b

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.

Beijing New Building Materials

Market Cap: CN¥43.0b

Manufactures and sells building materials in China and internationally.

China Overseas Property Holdings

Market Cap: HK$17.1b

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

Tsingtao Brewery

Market Cap: HK$86.5b

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

Aurora Design

Market Cap: ฿19.2b

Trades gold jewelry in Thailand.

Middle East Healthcare

Market Cap: ر.س4.9b

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

LX Semicon

Market Cap: ₩866.9b

Operates as a semiconductor company in South Korea, China, Vietnam, Taiwan, Japan, and internationally.

True Corporation

Market Cap: ฿390.4b

Provides telecommunications and value-added services in Thailand.

Bangchak Corporation

Market Cap: ฿43.0b

Engages in the refining and marketing of petroleum products in Thailand, Singapore, Norway, Korea, Laos, and internationally.

Emaar Properties PJSC

Market Cap: د.إ125.1b

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

Ganyuan Foods

Market Cap: CN¥5.3b

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

Assetwise

Market Cap: ฿4.7b

Engages in property development and other real estate activities in Thailand.

Sasseur Real Estate Investment Trust

Market Cap: S$875.8m

Invests in a portfolio of real estate and related assets.

Proya CosmeticsLtd

Market Cap: CN¥31.9b

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

Horizon Construction Development

Market Cap: HK$4.1b

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

Monash IVF Group

Market Cap: AU$263.0m

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

Huhtamäki Oyj

Market Cap: €3.2b

Provides packaging solutions in the United States, Germany, the United Kingdom, India, Turkey, Australia, Thailand, Poland, South Africa, Spain, Finland, and internationally.

Flowco Holdings

Market Cap: US$1.4b

Through its subsidiaries, provides production optimization, artificial lift, and methane abatement solutions for the oil and natural gas industry in the United States.

PORR

Market Cap: €1.1b

Operates as a construction company in Austria, Germany, Poland, the Czech Republic, Italy, Romania, Switzerland, Serbia, Great Britain, Slovakia, Norway, Belgium, and internationally.

MONY Group

Market Cap: UK£1.1b

Engages in the provision of price comparison and lead generation services through its websites and applications in the United Kingdom.

TravelSky Technology

Market Cap: US$31.6b

Provides information technology (IT) solutions for the aviation and travel industries in the People’s Republic of China.