Global Potentially Undervalued Companies

Carrefour

Market Cap: €12.6b

Operates as a food retailer in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, and Asia.

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.

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Ultimate Products

Market Cap: UK£54.1m

Supplies branded household products in the United Kingdom, Germany, Rest of Europe, and internationally.

Solid World Group

Market Cap: €20.0m

Provides a range of software products, scanners, and 3D printers that assists the design, prototyping, and production of industrial products in Italy.

Grupo Financiero Banorte. de

Market Cap: Mex$410.3b

Through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally.

FIBRA Macquarie México

Market Cap: Mex$24.5b

FIBRA Macquarie México (FIBRA Macquarie) (BMV:FIBRAMQ) is a real estate investment trust (fideicomiso de inversión en bienes raíces), or FIBRA, listed on the Mexican Stock Exchange (Bolsa Mexicana de Valores) targeting industrial, retail and office real estate opportunities in Mexico, with a primary focus on stabilized income-producing properties.

Middleby

Market Cap: US$6.8b

Designs, manufactures, markets, distributes, and services commercial restaurant, food processing, and residential kitchen equipment worldwide.

Anhui Conch Cement

Market Cap: US$136.5b

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

Innocean Worldwide

Market Cap: ₩698.0b

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

Keppel Pacific Oak US REIT

Market Cap: US$187.0m

Keppel Pacific Oak US REIT (KORE) is a distinctive office REIT listed on the main board of the Singapore Exchange Securities Trading Limited (SGX-ST) on 9 November 2017.

Sinoma International EngineeringLtd

Market Cap: CN¥24.4b

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

Nido Education

Market Cap: AU$185.8m

Owns, operates, and manages long day early childhood education and care centres under the Nido Early School brand in Australia.

Cahya Mata Sarawak Berhad

Market Cap: RM 983.3m

An investment holding company, engages in the manufacture and trading of cement and construction materials, construction, road maintenance, township, and property and infrastructure development businesses in Malaysia and internationally.

Grand Pharmaceutical Group

Market Cap: HK$19.5b

An investment holding company, engages in the research and development, manufacture, and sale of pharmaceutical preparations and medical devices, biotechnology and healthcare products, and pharmaceutical raw materials.

Baoxiniao Holding

Market Cap: CN¥5.6b

Engages in the research and development, production, and sale of branded men and women clothing products in China.

Hubei Xingfa Chemicals Group

Market Cap: CN¥22.2b

Develops, produces, and sells phosphorus-based chemicals in China and internationally.

F&F

Market Cap: ₩2.4t

Manufactures and sells sewn wearing apparels in South Korea.

HAESUNG DS

Market Cap: ₩413.1b

Manufactures and sells semiconductor components in South Korea and internationally.

China Resources Power Holdings

Market Cap: HK$95.5b

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

Goldwind Science&Technology

Market Cap: CN¥31.0b

Provides wind power solutions in China and internationally.

Wus Printed Circuit (Kunshan)

Market Cap: CN¥50.7b

Engages in the research, development, design, manufacture, and sale of printed circuit boards in China.

Inner Mongolia MengDian HuaNeng Thermal Power

Market Cap: CN¥26.4b

Engages in thermal power generation business.

Sao Ta Foods

Market Cap: ₫2.2t

Engages in farming, processing, and preserving aquatic products.

Vietnam International Commercial Bank

Market Cap: ₫53.6t

Provides banking products and services to organizations and individuals.

Guangdong Mingyang ElectricLtd

Market Cap: CN¥12.6b

Engages in the research, development, production, and sale of high/low voltage switchgear, transformer, and power transmission and distribution equipment in China.

Emaar Properties PJSC

Market Cap: د.إ107.4b

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

AME Elite Consortium Berhad

Market Cap: RM 984.2m

An investment holding company, engages in the design, development, and construction of manufacturing plants and industrial parks in Malaysia.

L.G. Balakrishnan & Bros

Market Cap: ₹38.2b

Manufactures and sells transmission chains, sprockets, and metal formed parts for automotive and industrial applications in India and internationally.

Ever Sunshine Services Group

Market Cap: HK$3.1b

An investment holding company, provides property management services in the People's Republic of China.

Dai Nippon Printing

Market Cap: JP¥877.3b

Primarily engages in the printing business.

Otsuka Holdings

Market Cap: JP¥3.6t

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

Middle East Healthcare

Market Cap: ر.س6.0b

A healthcare provider, owns and operates a network of hospitals under the Saudi German Hospital name in the Middle East and North Africa.

Hyosung TNC

Market Cap: ₩917.1b

Manufactures and sells fiber in South Korea and internationally.

Santos

Market Cap: AU$18.3b

Explores, develops, produces, transports, and markets hydrocarbons in Australia and Papua New Guinea.

Orica

Market Cap: AU$7.6b

Manufactures, distributes, and sells commercial blasting systems, explosives, mining and tunnelling support systems, and various chemical products and services in Australia, Peru, Canada, the United States, and internationally.