Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Carlsberg

Market Cap: US$103.7b

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

Sinoma International EngineeringLtd

Market Cap: CN¥22.9b

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

Cheil Worldwide

Market Cap: ₩2.1t

Provides various marketing solutions worldwide.

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.

China Mengniu Dairy

Market Cap: HK$57.3b

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

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.

WemadeLtd

Market Cap: ₩884.2b

Develops and publishes games in South Korea and internationally.

Binggrae

Market Cap: ₩663.1b

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

REC

Market Cap: ₹967.4b

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

Sinopharm Group

Market Cap: HK$56.7b

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

Innocean Worldwide

Market Cap: ₩729.6b

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

Bank of China

Market Cap: HK$1.7t

Provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally.

Shandong Yisheng Livestock & Poultry Breeding

Market Cap: CN¥9.4b

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd.

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.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥8.7b

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

LX Semicon

Market Cap: ₩915.7b

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

China Overseas Property Holdings

Market Cap: HK$16.2b

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

Seojin SystemLtd

Market Cap: ₩1.2t

Provides telecom equipment, repeaters, mechanical products, and LED and other equipment.

Horizon Construction Development

Market Cap: HK$3.9b

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

Beijing Urban Construction Investment & Development

Market Cap: CN¥10.4b

Beijing Urban Construction Investment & Development Co., Ltd.

Assetwise

Market Cap: ฿4.9b

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

Vardhman Textiles

Market Cap: ₹120.7b

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

Ganyuan Foods

Market Cap: CN¥5.1b

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

Shanghai Yuyuan Tourist Mart (Group)

Market Cap: CN¥22.4b

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

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.4b

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.

Sinoma International EngineeringLtd

Market Cap: CN¥22.9b

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

Aeon (M) Bhd

Market Cap: RM 1.8b

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

SK

Market Cap: ₩11.3t

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

MCNEX

Market Cap: ₩458.1b

Manufactures and sells camera modules in South Korea and internationally.

Bethel Automotive Safety Systems

Market Cap: CN¥31.3b

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

Monash IVF Group

Market Cap: AU$257.2m

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

Otsuka Holdings

Market Cap: JP¥4.1t

Engages in the pharmaceuticals, nutraceuticals, consumer products, and other businesses worldwide.

Bangchak Corporation

Market Cap: ฿42.7b

Engages in the refining and marketing of petroleum products in Thailand, Singapore, Norway, Korea, Laos, and internationally.

Hu Lane Associate

Market Cap: NT$15.1b

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