Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Universal Health Services

Market Cap: US$8.8b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities in the United States.

McBride

Market Cap: €286.1m

Manufactures and sells private label household and personal care products to retailers and brand owners in the United Kingdom, Germany, France, Italy, Spain, rest of Europe, the Asia-Pacific, and internationally.

Royal Unibrew

Market Cap: DKK 19.6b

Provides beverages in Denmark, Germany, Norway, Sweden, Italy, the Netherlands, France, Finland, Lithuania, Latvia, Estonia, Belgium, Luxembourg, and internationally.

Curaleaf Holdings

Market Cap: US$3.0b

Engages in the retail and wholesale of cannabis products in the United States and internationally.

Jinzai Food GroupLtd

Market Cap: CN¥4.7b

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

Lion

Market Cap: JP¥439.5b

Manufactures and sells consumer and industrial products in Japan and internationally.

Bangchak Corporation

Market Cap: ฿50.0b

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

Cosmax

Market Cap: ₩1.9t

Researches, develops, produces, and manufactures cosmetic and health function food products in Korea and internationally.

Innocean Worldwide

Market Cap: ₩799.2b

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

Hwaseung Enterprise

Market Cap: ₩206.3b

Manufactures and sells shoes.

China Hongqiao Group

Market Cap: HK$260.4b

An investment holding company, manufactures and sells aluminum products in the People's Republic of China, India, Europe, Malaysia, North America, the rest of Southeast Asia, and internationally.

Ganyuan Foods

Market Cap: CN¥4.1b

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

New Hope Dairy

Market Cap: CN¥14.5b

Produces and sells dairy products in China.

NSL Foods

Market Cap: ฿6.5b

Engages in the manufacture and distribution of bakery and snack products in Thailand.

Guangdong Haid Group

Market Cap: CN¥72.0b

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

Centurion

Market Cap: S$1.2b

Owns, manages, and operates purpose-built accommodation assets in Singapore, Malaysia, Australia, the United Kingdom, and internationally.

Sinopharm Group

Market Cap: HK$53.7b

Engages in the wholesale and retail of pharmaceutical and healthcare products, and medical devices in the People’s Republic of China.

Ricegrowers

Market Cap: AU$876.4m

Operates as a rice food company in Australia, New Zealand, the Pacific Islands, Europe, the Middle East, Africa, Asia, and North America.

Chongqing Baiya Sanitary Products

Market Cap: CN¥6.9b

Chongqing Baiya Sanitary Products Co., Ltd.

Bank Mandiri (Persero)

Market Cap: Rp358.0t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Malaysia, Hong Kong, Timor Leste, Shanghai, England, and the Cayman Islands.

Anker Innovations

Market Cap: CN¥60.2b

Operates as a smart hardware technology company in China and internationally.

Universal Store Holdings

Market Cap: AU$491.0m

Engages in the retail operations in the fashion market in Australia.

Industrial Bank

Market Cap: CN¥393.6b

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

Acrow

Market Cap: AU$300.7m

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

BOC Aviation

Market Cap: HK$50.6b

Operates as an aircraft operating leasing company in Mainland China, Hong Kong, Macau, Taiwan, rest of the Asia Pacific, the Americas, Europe, the Middle East, and Africa.

Hangzhou Binjiang Real Estate GroupLtd

Market Cap: CN¥29.9b

Engages in the real estate development and related businesses in China.

Rohto PharmaceuticalLtd

Market Cap: JP¥542.3b

Manufactures and markets pharmaceutical products, cosmetics, and functional foods worldwide.

Japan Petroleum Exploration

Market Cap: JP¥442.8b

Explores, develops, produces, and sells oil, natural gas, and other energy resources in Japan, Europe, North America, and the Middle East.

China Overseas Property Holdings

Market Cap: HK$12.2b

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

Ingenia Communities Group

Market Cap: AU$1.5b

A leading operator, owner and developer of communities offering quality affordable rental and holiday accommodation focused on the growing seniors’ market in Australia.

Ping An Bank

Market Cap: CN¥213.1b

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

Zhejiang Jiuzhou Pharmaceutical

Market Cap: CN¥10.9b

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

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥174.6b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Jiangsu King's Luck Brewery Ltd

Market Cap: CN¥32.3b

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

China Everbright Environment Group

Market Cap: HK$30.0b

An investment holding company, provides environmental solutions worldwide.