Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

China Railway Group

Market Cap: CN¥133.8b

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

Anker Innovations

Market Cap: CN¥63.6b

Develops and sells mobile charging products.

China Resources Land

Market Cap: HK$210.4b

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

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.7b

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.

Shenzhen Transsion Holdings

Market Cap: CN¥92.0b

Provides smart devices and mobile services in Africa, South and Southeast Asia, the Middle East, Latin America, and internationally.

Trajan Group Holdings

Market Cap: AU$128.1m

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$925.6m

Provides intellectual property (IP) services and products.

Anhui Conch Cement

Market Cap: CN¥125.2b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

Middle East Healthcare

Market Cap: ر.س5.1b

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

Shandong Yisheng Livestock & Poultry Breeding

Market Cap: CN¥9.1b

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd.

China Overseas Property Holdings

Market Cap: HK$16.0b

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

C&D International Investment Group

Market Cap: HK$39.2b

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.

Worley

Market Cap: AU$7.1b

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

Proya CosmeticsLtd

Market Cap: CN¥31.5b

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

Beijing New Building Materials

Market Cap: CN¥42.0b

Manufactures and sells building materials in China and internationally.

Ganyuan Foods

Market Cap: CN¥5.0b

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

Sinoma International EngineeringLtd

Market Cap: CN¥24.7b

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

Industrial Bank

Market Cap: CN¥432.8b

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

Indofood Sukses Makmur

Market Cap: Rp60.6t

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¥9.5b

Provides chemical supply chain solutions worldwide.

China Mengniu Dairy

Market Cap: HK$56.2b

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

Stanmore Resources

Market Cap: AU$2.1b

Engages in the exploration, development, production, and sale of metallurgical coal in Australia.

Aurelia Metals

Market Cap: AU$473.9m

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

BOC Aviation

Market Cap: HK$48.2b

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.

Stanmore Resources

Market Cap: €2.1b

Engages in the exploration, development, production, and sale of metallurgical coal in Australia.

Brighthouse Financial

Market Cap: US$2.8b

Provides annuity and life insurance products in the United States.

Compagnie Générale des Établissements Michelin Société en commandite par actions

Market Cap: €19.0b

Engages in the manufacture and sale of tires worldwide.

Surgery Partners

Market Cap: US$2.7b

Owns and operates a network of surgical facilities and ancillary services in the United States.

McBride

Market Cap: €217.2m

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.

Hanmi Financial

Market Cap: US$731.1m

Operates as the holding company for Hanmi Bank that provides business banking products and services in the United States.

ABM Industries

Market Cap: US$2.8b

Through its subsidiaries, engages in the provision of integrated facility, infrastructure, and mobility solutions in the United States and internationally.

Alaris Equity Partners Income Trust

Market Cap: €842.4m

A private equity firm specializing in management buyouts, growth capital, lower & middle market, later stage, industry consolidation, growth capital, and mature investments.

ICG

Market Cap: UK£5.9b

A private equity firm specializing in direct and fund of fund investments.

Semapa - Sociedade de Investimento e Gestão SGPS

Market Cap: €1.4b

Through its subsidiaries, produces and sells pulp, printing and writing papers, and tissues in Portugal, the rest of Europe, the United States, Africa, Asia, and Oceania.

TAKKT

Market Cap: €320.8m

Operates as a B2B direct marketing company for business equipment in Europe and North America.