Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

KBR

Market Cap: US$6.1b

Provides scientific, technology, and engineering solutions to governments and commercial customers worldwide.

Azelis Group

Market Cap: €2.7b

Engages in the distribution and sale of specialty chemicals and food ingredients.

Hikma Pharmaceuticals

Market Cap: €3.6b

Develops, manufactures, markets, and sells a range of generic, branded, and in-licensed pharmaceutical products.

Austevoll Seafood

Market Cap: NOK 19.4b

A seafood company, produces and sells salmon and trout, whitefish, and pelagic in Norway, the European Union, the United Kingdom, Eastern Europe, Africa, North America, Asia, and South America.

ANTA Sports Products

Market Cap: €254.5b

Engages in the research, design, development, manufacture, market, and sale of professional sports footwear, apparel, and accessories in China and internationally.

Security Bank

Market Cap: ₱52.9b

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

Jiangsu Changshu Rural Commercial Bank

Market Cap: CN¥23.0b

Jiangsu Changshu Rural Commercial Bank Co., Ltd.

Tenaga Nasional Berhad

Market Cap: RM 77.8b

Engages in the generation, transmission, distribution, and sale of electricity in Malaysia, the United Kingdom, Kuwait, the Republic of Ireland, Australia, and internationally.

LX Semicon

Market Cap: ₩891.3b

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

Ping An Bank

Market Cap: CN¥221.2b

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

Inspur Digital Enterprise Technology

Market Cap: HK$10.5b

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.

REC

Market Cap: ₹967.4b

Engages in the provision of financing services for power generation, transmission, and distribution projects in India.

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.

Jiangsu King's Luck Brewery Ltd

Market Cap: CN¥48.7b

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

Sasseur Real Estate Investment Trust

Market Cap: S$866.4m

Invests in a portfolio of real estate and related assets.

Aurora Design

Market Cap: ฿18.9b

Trades gold jewelry in Thailand.

Hyosung TNC

Market Cap: ₩925.7b

Manufactures and sells fiber in South Korea and internationally.

Huaibei Mining HoldingsLtd

Market Cap: CN¥33.4b

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

China Railway Group

Market Cap: CN¥127.4b

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

Micro-Star International

Market Cap: NT$96.3b

Engages in the manufacture and sale of motherboards, interface cards, notebook computers, and other electronic products in Asia, Europe, the United States, and internationally.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥8.7b

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

Worley

Market Cap: AU$7.2b

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

China Resources Power Holdings

Market Cap: HK$90.8b

An investment holding company, invests in, develops, operates, and manages power plants and coal mines in the People’s Republic of China.

Emaar Properties PJSC

Market Cap: د.إ117.6b

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

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥8.7b

Manufactures and sells steel structures and supporting products 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 Resources Land

Market Cap: HK$211.2b

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

China Construction Bank

Market Cap: HK$2.0t

Engages in the provision of various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally.

Vardhman Textiles

Market Cap: ₹120.7b

Manufactures, purchases, and sells textiles and fibres in India and internationally.

Carlsberg

Market Cap: US$103.5b

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

Jiangsu Changshu Rural Commercial Bank

Market Cap: CN¥23.0b

Jiangsu Changshu Rural Commercial Bank Co., Ltd.

C&D International Investment Group

Market Cap: HK$39.1b

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.

Sanofi

Market Cap: €95.3b

Engages in the research, development, manufacture, and marketing of therapeutic solutions.

On the Beach Group

Market Cap: €341.1m

Operates as an online retailer of short haul beach holidays under the On the Beach brand name in the United Kingdom.

Tingyi (Cayman Islands) Holding

Market Cap: €58.6b

An investment holding company, manufactures and sells instant noodles, beverages, and instant food products in the People’s Republic of China.