Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Hu Lane Associate

Market Cap: NT$15.3b

Engages in manufacture and sale of terminal devices, terminal crimping, industrial rubber, and plastic products in Taiwan.

Sinoma International EngineeringLtd

Market Cap: CN¥23.4b

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

Huaibei Mining HoldingsLtd

Market Cap: CN¥33.2b

Primarily engages in coal mining, washing, processing, sales, and production of coal chemical products in China.

Jiangsu Changshu Rural Commercial Bank

Market Cap: CN¥22.7b

Jiangsu Changshu Rural Commercial Bank Co., Ltd.

Beijing New Building Materials

Market Cap: CN¥40.2b

Manufactures and sells building materials in China and internationally.

Ping An Bank

Market Cap: CN¥220.1b

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

Jinzai Food GroupLtd

Market Cap: CN¥5.4b

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

China Railway Group

Market Cap: CN¥128.1b

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

Shanghai Yuyuan Tourist Mart (Group)

Market Cap: CN¥22.3b

Shanghai Yuyuan Tourist Mart (Group) Co., Ltd.

Industrial Bank

Market Cap: CN¥420.1b

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

Shandong Yisheng Livestock & Poultry Breeding

Market Cap: CN¥9.4b

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd.

Chongqing Baiya Sanitary Products

Market Cap: CN¥11.3b

Chongqing Baiya Sanitary Products Co., Ltd.

Proya CosmeticsLtd

Market Cap: CN¥31.8b

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

Jiangsu Changshu Rural Commercial Bank

Market Cap: CN¥22.7b

Jiangsu Changshu Rural Commercial Bank Co., Ltd.

Jiangsu King's Luck Brewery Ltd

Market Cap: CN¥49.0b

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

Sinoma International EngineeringLtd

Market Cap: CN¥23.4b

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

Proya CosmeticsLtd

Market Cap: CN¥31.8b

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

Anhui Conch Cement

Market Cap: CN¥132.0b

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

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.6b

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.

Bethel Automotive Safety Systems

Market Cap: CN¥32.6b

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

Beijing Urban Construction Investment & Development

Market Cap: CN¥11.0b

Beijing Urban Construction Investment & Development Co., Ltd.

Ganyuan Foods

Market Cap: CN¥5.0b

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

WemadeLtd

Market Cap: ₩902.7b

Develops and publishes games in South Korea and internationally.

Miura

Market Cap: JP¥334.3b

Produces and sells boilers in Japan and internationally.

China Mengniu Dairy

Market Cap: HK$56.1b

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

Trajan Group Holdings

Market Cap: AU$115.9m

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.

China Resources Land

Market Cap: HK$206.4b

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

Inspur Digital Enterprise Technology

Market Cap: HK$10.0b

An investment holding company, engages in management software development, cloud services, and sale of Internet of Things (IoT) solutions in the People’s Republic of China.

IPH

Market Cap: AU$949.2m

Provides intellectual property (IP) services and products.

CITIC

Market Cap: HK$319.1b

Operates in the financial services, advanced intelligent manufacturing, advanced materials, consumption, and urbanization businesses in the Mainland of China, Hong Kong, Macau, Taiwan, and internationally.

Summerset Group Holdings

Market Cap: AU$2.7b

Develops, owns, and operates integrated retirement villages in New Zealand and Australia.

Emaar Properties PJSC

Market Cap: د.إ120.2b

Engages in the property investment, development, and development management business in the United Arab Emirates and internationally.

Towngas Smart Energy

Market Cap: HK$13.4b

An investment holding company, sells piped gas, renewable energy, and other types of energy in the People’s Republic of China.

China Mobile

Market Cap: HK$1.8t

Provides telecommunications and information related services in Mainland China and Hong Kong.

C&D International Investment Group

Market Cap: HK$38.6b

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.