Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Emaar Properties PJSC

Market Cap: د.إ117.6b

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

q.beyond

Market Cap: €87.5m

Engages in the cloud, applications, artificial intelligence (AI), and security business in Germany and internationally.

Carlsberg

Market Cap: US$110.4b

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

Huaqin Technology

Market Cap: CN¥90.7b

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

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥11.3b

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

Jiangsu King's Luck Brewery Ltd

Market Cap: CN¥46.9b

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

C&D International Investment Group

Market Cap: HK$37.3b

An investment holding company, engages in the property development, real estate industry chain investment services, and industry investment activities in the People’s Republic of China.

China Overseas Property Holdings

Market Cap: HK$16.2b

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

MEGA P&C Advanced Materials (Shanghai)

Market Cap: CN¥4.8b

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

China National Building Material

Market Cap: HK$40.5b

An investment holding company, engages in building material, new materials, and engineering technical services businesses.

Aurelia Metals

Market Cap: AU$397.8m

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

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥11.4b

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.

Security Bank

Market Cap: ₱51.7b

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

Sichuan Baicha Baidao Industrial

Market Cap: HK$10.3b

An investment holding company, provides tea drink products in the People’s Republic of China.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥8.5b

Provides chemical supply chain solutions worldwide.

Aeris Resources

Market Cap: AU$528.6m

Explores, produces, and sells precious metals in Australia.

Assetwise

Market Cap: ฿5.4b

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

IRB Infrastructure Developers

Market Cap: ₹258.4b

Engages in the infrastructure development business in India.

China Resources Land

Market Cap: HK$216.5b

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

Middle East Healthcare

Market Cap: ر.س3.5b

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

Longfor Group Holdings

Market Cap: HK$70.8b

An investment holding company, engages in the property development, commercial investment, asset management, property management, and smart construction businesses in the People’s Republic of China.

Innocean Worldwide

Market Cap: ₩729.2b

Provides marketing and communications services in the Americas, Europe, Asia, Oceania, the Middle East, and internationally.

Sinoma International EngineeringLtd

Market Cap: CN¥25.4b

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

Jiang Zhong PharmaceuticalLtd

Market Cap: CN¥14.5b

Engages in the manufacture of pharmaceutical products in China.

Indofood Sukses Makmur

Market Cap: Rp63.2t

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

F&F

Market Cap: ₩2.8t

Manufactures and sells sewn wearing apparels in South Korea.

JVM

Market Cap: ₩306.4b

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

Hoa Phat Group

Market Cap: ₫203.4t

Produces and sells steel products in Vietnam.

Hu Lane Associate

Market Cap: NT$15.6b

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

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥8.5b

Provides chemical supply chain solutions worldwide.

Sinoma International EngineeringLtd

Market Cap: CN¥25.4b

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

Bear Electric ApplianceLtd

Market Cap: CN¥6.8b

Engages in the research and development, design, production, and sale of small household appliances under Bear brand name in China and internationally.

China Conch Venture Holdings

Market Cap: HK$19.0b

An investment holding company, provides various package solutions for energy conservation and environmental protection in Mainland China and the Asia-Pacific.

MC Group

Market Cap: ฿8.6b

Engages in the manufacture and distribution management of clothing and accessories in Thailand.

Bethel Automotive Safety Systems

Market Cap: CN¥27.6b

Develops, manufactures, and sells automotive safety systems and advanced driver assistance systems in China.