Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

China Foods

Market Cap: HK$7.8b

An investment holding company, manufactures, distributes, markets, and sells Coca-Cola series products in the People’s Republic of China.

Axalta Coating Systems

Market Cap: US$6.7b

Through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

Shenzhen Fuanna Bedding and FurnishingLtd

Market Cap: CN¥6.2b

Engages in the research and development, design, production, and sale of textile home furnishing, sleep home furnishing, and living products in China and internationally.

China Overseas Property Holdings

Market Cap: HK$17.5b

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

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥293.6b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Beijing New Building Materials

Market Cap: CN¥45.1b

Manufactures and sells building materials in China and internationally.

DIO

Market Cap: ₩221.9b

Manufactures and sells dental implants in South Korea and internationally.

Assetwise

Market Cap: ฿4.9b

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

Aeon (M) Bhd

Market Cap: RM 1.8b

Operates and manages a retail chain of departmental stores and supermarkets in Malaysia.

Gansu Shangfeng CementLtd

Market Cap: CN¥8.4b

Manufactures and sells building materials, and cement and cement clinker products in China.

Proya CosmeticsLtd

Market Cap: CN¥33.0b

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

Binggrae

Market Cap: ₩624.2b

Engages in production and sale of dairy products in South Korea and internationally.

Foxsemicon Integrated Technology

Market Cap: NT$31.3b

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

Haidilao International Holding

Market Cap: HK$76.9b

An investment holding company, engages in the restaurant operation and delivery businesses.

CapitaLand Malaysia Trust

Market Cap: RM 2.1b

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

Indofood Sukses Makmur

Market Cap: Rp66.7t

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

Hyosung TNC

Market Cap: ₩945.1b

Manufactures and sells fiber in South Korea and internationally.

Tsingtao Brewery

Market Cap: HK$87.0b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Trajan Group Holdings

Market Cap: AU$140.2m

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.

Monash IVF Group

Market Cap: AU$274.7m

Engages in the provision of assisted reproductive and specialist women imaging services in Australia and Malaysia.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥8.6b

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

Innocean Worldwide

Market Cap: ₩734.4b

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

Bethel Automotive Safety Systems

Market Cap: CN¥28.8b

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

Hangzhou Binjiang Real Estate GroupLtd

Market Cap: CN¥32.9b

Provides real estate development services in China.

China Mengniu Dairy

Market Cap: HK$59.3b

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

WemadeLtd

Market Cap: ₩944.9b

Develops and publishes games in South Korea and internationally.

KH Neochem

Market Cap: JP¥99.2b

Researches, manufactures, and sells of petrochemical products in Japan and internationally.

Beijing Urban Construction Investment & Development

Market Cap: CN¥10.4b

Beijing Urban Construction Investment & Development Co., Ltd.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥13.6b

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.

Jinzai Food GroupLtd

Market Cap: CN¥5.6b

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

China Resources Land

Market Cap: HK$217.9b

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

Horizon Construction Development

Market Cap: HK$4.3b

Operates as an investment holding company that provides equipment operation services in the People's Republic of China.

Shandong Yisheng Livestock & Poultry Breeding

Market Cap: CN¥9.6b

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd.

Tourism Holdings

Market Cap: NZ$499.7m

Operates as a tourism company worldwide.

Sinoma International EngineeringLtd

Market Cap: CN¥24.3b

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