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$106.8b

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

Tsingtao Brewery

Market Cap: HK$85.7b

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

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥13.7b

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.

Miura

Market Cap: JP¥330.2b

Produces and sells boilers in Japan and internationally.

China Resources Land

Market Cap: HK$217.4b

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

CapitaLand Malaysia Trust

Market Cap: RM 2.0b

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¥53.3b

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

Bangchak Corporation

Market Cap: ฿45.1b

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

Shandong Yisheng Livestock & Poultry Breeding

Market Cap: CN¥9.6b

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd.

Innocean Worldwide

Market Cap: ₩729.6b

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

Converge Information and Communications Technology Solutions

Market Cap: ₱105.1b

Converge Information and Communications Technology Solutions, Inc.

PSK

Market Cap: ₩644.5b

Develops, manufactures, and sells semiconductor processing equipment in worldwide.

KH Neochem

Market Cap: JP¥95.8b

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

Tenaga Nasional Berhad

Market Cap: RM 78.3b

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

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥8.8b

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

Beijing Urban Construction Investment & Development

Market Cap: CN¥10.3b

Beijing Urban Construction Investment & Development Co., Ltd.

F&F

Market Cap: ₩2.5t

Manufactures and sells sewn wearing apparels in South Korea.

Proya CosmeticsLtd

Market Cap: CN¥33.1b

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

Foxsemicon Integrated Technology

Market Cap: NT$31.3b

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

Tourism Holdings

Market Cap: NZ$495.3m

Operates as a tourism company worldwide.

Indofood Sukses Makmur

Market Cap: Rp66.7t

Operates as a food solutions company in Indonesia, the Middle East, Africa, rest of Asia, internationally.

WemadeLtd

Market Cap: ₩968.5b

Develops and publishes games in South Korea and internationally.

China Mengniu Dairy

Market Cap: HK$61.8b

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

Gansu Shangfeng CementLtd

Market Cap: CN¥8.4b

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

Jinzai Food GroupLtd

Market Cap: CN¥5.6b

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

DIO

Market Cap: ₩222.2b

Manufactures and sells dental implants in South Korea and internationally.

Beijing New Building Materials

Market Cap: CN¥44.6b

Manufactures and sells building materials in China and internationally.

Shenzhen Fuanna Bedding and FurnishingLtd

Market Cap: CN¥6.2b

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

China Overseas Property Holdings

Market Cap: HK$17.5b

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

Jonjee Hi-Tech Industrial and Commercial HoldingLtd

Market Cap: CN¥14.7b

Produces and sells seasoning products in China and internationally.

Summerset Group Holdings

Market Cap: AU$2.6b

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

Zhejiang Semir Garment

Market Cap: CN¥14.8b

Produces and sells casual apparels in China and internationally.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥298.8b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Horizon Construction Development

Market Cap: HK$4.4b

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