Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Aeon (M) Bhd

Market Cap: RM 1.5b

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

DUG Technology

Market Cap: AU$281.7m

A technology company, provides hardware and software solutions for the technology and resource sectors in Australia, the United States, the United Kingdom, Malaysia, and the United Arab Emirates.

WemadeLtd

Market Cap: ₩927.9b

Develops and publishes games in South Korea and internationally.

ISOTeam

Market Cap: S$60.3m

Operates in the building maintenance and estate upgrading industry in Singapore.

Huaqin Technology

Market Cap: CN¥96.7b

Engages in the development, manufacturing, and operation service of software, hardware, systems for tech companies worldwide.

Sanwa Holdings

Market Cap: JP¥861.7b

Through its subsidiaries, manufactures and sells construction materials for commercial and residential buildings in Japan, North America, Europe, and Asia.

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.

China Overseas Property Holdings

Market Cap: HK$15.8b

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

REC

Market Cap: ₹906.9b

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

China Mengniu Dairy

Market Cap: HK$56.8b

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

Security Bank

Market Cap: ₱50.9b

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

China Conch Venture Holdings

Market Cap: HK$17.8b

An investment holding company, provides various package solutions for energy conservation and environmental protection in Mainland China and the Asia-Pacific.

CapitaLand Malaysia Trust

Market Cap: RM 2.1b

CapitaLand Malaysia Trust (CLMT) is a real estate investment trust (REIT) listed on the Main Market of Bursa Malaysia Securities Berhad since 16 July 2010.

GWA Group

Market Cap: AU$632.1m

Research, designs, manufactures, imports, and markets building fixtures and fittings to residential and commercial premises in Australia, New Zealand, the United Kingdom, and internationally.

Chambal Fertilisers and Chemicals

Market Cap: ₹173.7b

Produces and sells fertilizers primarily in India.

Military Commercial Bank

Market Cap: ₫193.3t

Provides banking products and services.

China National Building Material

Market Cap: HK$37.0b

An investment holding company, engages in building material, new materials, and engineering technical services businesses.

Future

Market Cap: JP¥173.5b

Provides IT consulting and services primarily in Japan.

SILICON2

Market Cap: ₩2.5t

Engages in the distribution of cosmetics products worldwide.

MC Group

Market Cap: ฿8.6b

Engages in the manufacture and distribution management of clothing and accessories in Thailand.

Metcash

Market Cap: AU$3.6b

Operates as a wholesale distribution and marketing company in Australia.

Guangdong Mingyang ElectricLtd

Market Cap: CN¥13.9b

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

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥34.0b

Manufactures and sells power distribution in China and internationally.

Beijing Urban Construction Investment & Development

Market Cap: CN¥9.6b

Beijing Urban Construction Investment & Development Co., Ltd.

ASUSTeK Computer

Market Cap: NT$436.7b

Researches and develops, designs, manufactures, sells, and repairs computers, communications, and consumer electronic products in Taiwan, China, Singapore, Europe, the United States, and internationally.

Altea Green Power

Market Cap: €120.4m

Supplies and manages renewable energy plants in Italy and the United States.

United Bank for Africa

Market Cap: ₦1.6t

Primarily provides corporate, commercial, and retail banking services in Nigeria, rest of Africa, and internationally.

Ernst Russ

Market Cap: €227.1m

A publicly owned investment manager.

Demant

Market Cap: DKK 46.4b

Operates as a hearing healthcare company in Europe, North America, Asia, Pacific region, and internationally.

Jazz Pharmaceuticals

Market Cap: €10.2b

Jazz Pharmaceuticals plc identifies, develops, and commercializes pharmaceutical products in the United States, Europe, and internationally.

EVS Broadcast Equipment

Market Cap: €477.9m

Provides live video technology for broadcast and media productions in the United States, Europe, Africa, Middle East, and Asia Pacific.

Gecina

Market Cap: €5.9b

A leading operator, that fully integrates all real estate expertise, owning, managing, and developing a unique prime portfolio valued at €17.0bn as at June 30, 2025.

Trajan Group Holdings

Market Cap: AU$97.6m

Develops, manufactures, and sells analytical and life science products and devices in Malaysia, Japan, Australia, New Zealand, the United States, Europe, the Middle East, Africa, and India.

New Hope Dairy

Market Cap: CN¥14.9b

Produces and sells dairy products in China.

Carmila

Market Cap: €2.3b

As the third-largest listed owner of commercial property in Europe, Carmila was founded by Carrefour and large institutional investors in order to enhance the value of shopping centres adjoining Carrefour hypermarkets in France, Spain and Italy.