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.

Carlsberg

Market Cap: US$107.5b

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

Assetwise

Market Cap: ฿5.0b

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

Binggrae

Market Cap: ₩628.7b

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

Acrow

Market Cap: AU$318.8m

Provides smart integrated construction systems across formwork, industrial services, and commercial scaffolding in Australia.

Tenaga Nasional Berhad

Market Cap: RM 77.2b

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

Proya CosmeticsLtd

Market Cap: CN¥32.8b

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

Tsingtao Brewery

Market Cap: HK$86.9b

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

Miura

Market Cap: JP¥326.3b

Produces and sells boilers in Japan and internationally.

Sinoma International EngineeringLtd

Market Cap: CN¥23.9b

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

Beijing Urban Construction Investment & Development

Market Cap: CN¥10.7b

Beijing Urban Construction Investment & Development Co., Ltd.

Haidilao International Holding

Market Cap: HK$76.0b

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

F&F

Market Cap: ₩2.5t

Manufactures and sells sewn wearing apparels in South Korea.

Ningbo Deye Technology Group

Market Cap: CN¥57.0b

Engages in the production and sales of heat exchangers, inverters, and dehumidifiers in South Africa, Brazil, Hongkong, Germany, India, and internationally.

Cheil Worldwide

Market Cap: ₩2.0t

Provides various marketing solutions worldwide.

Proya CosmeticsLtd

Market Cap: CN¥32.8b

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

China Mengniu Dairy

Market Cap: HK$58.3b

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: ₩929.7b

Develops and publishes games in South Korea and internationally.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.9b

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.

Vardhman Textiles

Market Cap: ₹119.3b

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

Gansu Shangfeng CementLtd

Market Cap: CN¥8.2b

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

KH Neochem

Market Cap: JP¥98.5b

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

Security Bank

Market Cap: ₱54.9b

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

Aeon (M) Bhd

Market Cap: RM 1.8b

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

LX Semicon

Market Cap: ₩850.6b

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

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.

Foxsemicon Integrated Technology

Market Cap: NT$30.7b

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

Ganyuan Foods

Market Cap: CN¥5.3b

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

Hangzhou Binjiang Real Estate GroupLtd

Market Cap: CN¥32.6b

Provides real estate development services in China.

China Overseas Property Holdings

Market Cap: HK$17.4b

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

Bethel Automotive Safety Systems

Market Cap: CN¥27.8b

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

Innocean Worldwide

Market Cap: ₩742.0b

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

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥8.7b

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

Shenzhen Fuanna Bedding and FurnishingLtd

Market Cap: CN¥6.1b

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

Beijing New Building Materials

Market Cap: CN¥43.7b

Manufactures and sells building materials in China and internationally.