Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Allied Properties Real Estate Investment Trust

Market Cap: €1.8b

Allied is a leading owner-operator of distinctive urban workspace in Canada’s major cities.

WT Microelectronics

Market Cap: NT$148.2b

Develops and sells electronic and communication components in the United States, Taiwan, China, and internationally.

Gourmet Master

Market Cap: NT$10.8b

Operates and franchises chain stores in China, Taiwan, Hong Kong, the United States, and internationally.

CapitaLand Malaysia Trust

Market Cap: RM 2.1b

CapitaLand Malaysia Trust (CLMT) is a real estate investment trust (REIT) listed on the Main Market of Bursa Malaysia Securities Berhad since 16 July 2010.

DUG Technology

Market Cap: AU$268.8m

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.

Beijing New Building Materials

Market Cap: CN¥41.2b

Manufactures and sells building materials in China and internationally.

China Mengniu Dairy

Market Cap: HK$57.7b

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

Tenaga Nasional Berhad

Market Cap: RM 76.8b

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

Aurelia Metals

Market Cap: AU$372.4m

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

Chongqing Baiya Sanitary Products

Market Cap: CN¥9.5b

Chongqing Baiya Sanitary Products Co., Ltd.

Grand Pharmaceutical Group

Market Cap: HK$29.0b

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.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥11.8b

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.

IPH

Market Cap: AU$938.7m

Provides intellectual property (IP) services and products.

China Railway Group

Market Cap: CN¥128.9b

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

Shofu

Market Cap: JP¥65.8b

Manufactures and sells dental materials and equipment worldwide.

Centurion

Market Cap: S$1.1b

Owns, develops, and manages workers and student accommodation assets in Singapore, Malaysia, Australia, the United Kingdom, and internationally.

Sasseur Real Estate Investment Trust

Market Cap: S$853.8m

Invests in a portfolio of real estate and related assets.

GWA Group

Market Cap: AU$629.8m

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

MEGA P&C Advanced Materials (Shanghai)

Market Cap: CN¥5.0b

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

China Pacific Insurance (Group)

Market Cap: CN¥320.6b

Provides insurance products to individual and institutional customers in the People’s Republic of China.

Carlsberg

Market Cap: US$106.7b

Produces and markets beer and other beverage products in Denmark, China, the United Kingdom, and internationally.

Huaqin Technology

Market Cap: CN¥87.0b

Engages in the development, manufacturing, and operation service of software, hardware, systems for tech companies worldwide.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥12.0b

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

Indofood Sukses Makmur

Market Cap: Rp61.5t

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¥9.2b

Provides chemical supply chain solutions worldwide.

Beijing Urban Construction Investment & Development

Market Cap: CN¥10.1b

Beijing Urban Construction Investment & Development Co., Ltd.

Security Bank

Market Cap: ₱50.6b

Provides banking and financial products and services to wholesale and retail clients in the Philippines.

Shanghai Zhonggu Logistics

Market Cap: CN¥21.9b

Provides container shipping services in China.

Chambal Fertilisers and Chemicals

Market Cap: ₹185.9b

Produces and sells fertilizers primarily in India.

Raydium Semiconductor

Market Cap: NT$16.1b

Engages in the design, development, and sale of display drivers, sequential control, and power management integrated circuit (IC) products in China, Hong Kong, Taiwan, and internationally.

Emaar Properties PJSC

Market Cap: د.إ118.0b

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

Anker Innovations

Market Cap: CN¥55.9b

Develops and sells mobile charging products.

Adairs

Market Cap: AU$321.9m

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

Foxsemicon Integrated Technology

Market Cap: NT$31.6b

Engages in the research, development, design, manufacturing, and sale of semiconductor equipment subsystems and system integration in Taiwan, the United States, China, and internationally.

Select Harvests

Market Cap: AU$498.8m

Engages in the growing, processing, packaging, and selling of almonds and its by-products in Australia.