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.

China Railway Group

Market Cap: CN¥128.9b

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

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.

Carlsberg

Market Cap: US$106.7b

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

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥9.2b

Provides chemical supply chain solutions worldwide.

Assetwise

Market Cap: ฿5.4b

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

Beijing Urban Construction Investment & Development

Market Cap: CN¥10.1b

Beijing Urban Construction Investment & Development Co., Ltd.

C&D International Investment Group

Market Cap: HK$36.4b

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.

Yuan Long Ping High-Tech Agriculture

Market Cap: CN¥14.5b

Yuan Long Ping High-Tech Agriculture Co., Ltd.

China Conch Venture Holdings

Market Cap: HK$18.3b

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

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥9.2b

Provides chemical supply chain solutions worldwide.

Security Bank

Market Cap: ₱50.6b

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

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.

Centurion

Market Cap: S$1.1b

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

China Pacific Insurance (Group)

Market Cap: CN¥320.6b

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

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.

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.

Sasseur Real Estate Investment Trust

Market Cap: S$853.8m

Invests in a portfolio of real estate and related assets.

Sansiri

Market Cap: ฿23.2b

Engages in the property development business in Thailand.

Shanghai Zhonggu Logistics

Market Cap: CN¥21.9b

Provides container shipping services in China.

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.

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.

Adairs

Market Cap: AU$321.9m

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

MCNEX

Market Cap: ₩409.0b

Manufactures and sells camera modules in South Korea and internationally.

Indorama Ventures

Market Cap: ฿94.9b

Manufactures and distributes petrochemical products in Thailand, the United States, Brazil, and internationally.

AWC Berhad

Market Cap: RM 207.0m

An investment holding company, provides integrated facilities management and engineering services.

Chambal Fertilisers and Chemicals

Market Cap: ₹185.9b

Produces and sells fertilizers primarily in India.

Jiang Zhong PharmaceuticalLtd

Market Cap: CN¥13.8b

Engages in the research and development, production, and sale of Chinese patent medicines and health foods in Mainland China.

Longfor Group Holdings

Market Cap: HK$69.8b

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.

Cheerwin Group

Market Cap: HK$3.0b

An investment holding company, manufactures and trades household insecticides and repellents, household cleaning, air care, personal care, pet stores and pet products, and other products in the People’s Republic of China.

Sinoma International EngineeringLtd

Market Cap: CN¥24.0b

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

Aurelia Metals

Market Cap: AU$372.4m

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

China Overseas Property Holdings

Market Cap: HK$16.4b

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