Global Potentially Undervalued Companies

Carrefour

Market Cap: €12.6b

Operates as a food retailer in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, and Asia.

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.

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Grupo Financiero Banorte. de

Market Cap: Mex$410.3b

Through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally.

Solid World Group

Market Cap: €20.0m

Provides a range of software products, scanners, and 3D printers that assists the design, prototyping, and production of industrial products in Italy.

FIBRA Macquarie México

Market Cap: Mex$24.5b

FIBRA Macquarie México (FIBRA Macquarie) (BMV:FIBRAMQ) is a real estate investment trust (fideicomiso de inversión en bienes raíces), or FIBRA, listed on the Mexican Stock Exchange (Bolsa Mexicana de Valores) targeting industrial, retail and office real estate opportunities in Mexico, with a primary focus on stabilized income-producing properties.

Middleby

Market Cap: US$6.8b

Designs, manufactures, markets, distributes, and services commercial restaurant, food processing, and residential kitchen equipment worldwide.

Ultimate Products

Market Cap: UK£54.1m

Supplies branded household products in the United Kingdom, Germany, Rest of Europe, and internationally.

MC Group

Market Cap: ฿7.8b

Manufactures, distributes, and retails apparel, accessories, and lifestyle products in Thailand.

Far East Horizon

Market Cap: HK$25.4b

Provides various financial services in Mainland China, Hong Kong, and internationally.

SK

Market Cap: ₩6.6t

Engages in advanced materials, energy, life sciences and biopharmaceuticals, and digital businesses.

Orica

Market Cap: AU$7.6b

Manufactures, distributes, and sells commercial blasting systems, explosives, mining and tunnelling support systems, and various chemical products and services in Australia, Peru, Canada, the United States, and internationally.

Vedanta

Market Cap: ₹1.6t

A diversified natural resources company, explores, extracts, and processes minerals, and oil and gas in India, Europe, China, the United States, Mexico, and internationally.

Santos

Market Cap: AU$18.3b

Explores, develops, produces, transports, and markets hydrocarbons in Australia and Papua New Guinea.

Trajan Group Holdings

Market Cap: AU$115.0m

Develops, manufactures, sells, and distributes analytical and life science products and devices in Australia, New Zealand, Malaysia, Japan, the United States, Europe, the Middle East, Africa, and India.

SKP Resources Bhd

Market Cap: RM 1.3b

An investment holding company, manufactures and sells electrical and electronic plastic products primarily in Malaysia.

Hoa Phat Group

Market Cap: ₫163.1t

Produces and sells steel products in Vietnam.

Parade Technologies

Market Cap: NT$40.8b

Operates as a fabless semiconductor company in South Korea, China, Taiwan, Japan, and internationally.

Sinopharm Group

Market Cap: HK$55.4b

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

Hyosung TNC

Market Cap: ₩917.1b

Manufactures and sells fiber in South Korea and internationally.

Ansell

Market Cap: AU$4.3b

Designs, sources, develops, manufactures, distributes, and sells hand and body protection solutions in the Asia Pacific, Europe, the Middle East, Africa, Latin America, the Caribbean, and North America.

Samsung C&T

Market Cap: ₩17.7t

Engages in the engineering and construction, trading and investment, fashion, and resort businesses in South Korea, Europe, the Middle East, Africa, the Asia Pacific, and the Americas.

NGK Insulators

Market Cap: JP¥493.3b

Manufactures and sells electric power related equipment in Japan, North America, Europe, Asia, and others.

DFI Retail Group Holdings

Market Cap: US$3.3b

Operates as a retailer in Hong Kong, Mainland China, Macau, Taiwan, Singapore, Cambodia, Malaysia, Indonesia, and Brunei.

Daido Steel

Market Cap: JP¥210.0b

Manufactures and sells steel products in Japan and internationally.

Anhui Conch Cement

Market Cap: US$136.5b

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

CLIO CosmeticsLtd

Market Cap: ₩342.8b

Provides makeup products in South Korea and internationally.

Apeloa PharmaceuticalLtd

Market Cap: CN¥15.5b

Provides raw materials and intermediates to various pharmaceutical factories in the People’s Republic of China and internationally.

Anhui HeliLtd

Market Cap: CN¥13.9b

Engages in the manufacture and sale of industrial vehicles in the People’s Republic of China.

Sasseur Real Estate Investment Trust

Market Cap: S$769.2m

Invests in a portfolio of real estate and related assets.

CapitaLand Malaysia Trust

Market Cap: RM 1.9b

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.

Resonac Holdings

Market Cap: JP¥459.6b

Operates as a chemical company in Japan, China, rest of Asia, and internationally.

Future

Market Cap: JP¥154.5b

Provides IT consulting and services primarily in Japan.

Beijing Urban Construction Investment & Development

Market Cap: CN¥10.1b

Beijing Urban Construction Investment & Development Co., Ltd.

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥36.4b

Manufactures and sells power distribution and utilization systems in China and internationally.

JNBY Design

Market Cap: HK$7.0b

Engages in the design, marketing, retail, and sale of fashion apparels, accessory products, and household goods in the People’s Republic of China and internationally.