Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Intertek Group

Market Cap: US$7.1b

Provides quality assurance solutions to various industries in the United Kingdom, the United States, China, Australia, and internationally.

Foxsemicon Integrated Technology

Market Cap: NT$31.9b

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

China Resources Land

Market Cap: HK$212.5b

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

Worley

Market Cap: AU$7.3b

Provides professional services to the energy, chemicals, and resources sectors in the Americas, Europe, the Middle East, Africa, Australia, the Asia Pacific, and China.

Miura

Market Cap: JP¥327.9b

Produces and sells boilers in Japan and internationally.

Horizon Construction Development

Market Cap: HK$4.0b

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

IPH

Market Cap: AU$951.8m

Provides intellectual property (IP) services and products.

Anhui Conch Cement

Market Cap: CN¥131.7b

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

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.

Otsuka Holdings

Market Cap: JP¥4.1t

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

Ganyuan Foods

Market Cap: CN¥5.1b

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

IRB Infrastructure Developers

Market Cap: ₹246.6b

Engages in the infrastructure development business in India.

Trajan Group Holdings

Market Cap: AU$112.9m

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.

Tenaga Nasional Berhad

Market Cap: RM 76.6b

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¥31.8b

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

F&F

Market Cap: ₩2.4t

Manufactures and sells sewn wearing apparels in South Korea.

Bethel Automotive Safety Systems

Market Cap: CN¥32.4b

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

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥9.0b

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

Monash IVF Group

Market Cap: AU$261.1m

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

China Mengniu Dairy

Market Cap: HK$57.9b

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

LX Semicon

Market Cap: ₩891.3b

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

Proya CosmeticsLtd

Market Cap: CN¥31.8b

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

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.

Corpovael. de

Market Cap: Mex$988.6m

Engages in the design, urbanization, construction, promotion, and sale of homes in Mexico.

Beijing Urban Construction Investment & Development

Market Cap: CN¥10.5b

Beijing Urban Construction Investment & Development Co., Ltd.

Assetwise

Market Cap: ฿4.9b

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

Cheerwin Group

Market Cap: HK$3.0b

An investment holding company, manufactures and trades household insecticides and repellents, household cleaning, air care, personal care, pet stores and pet products, and other products in the People’s Republic of China.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥9.0b

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

China Railway Group

Market Cap: CN¥127.0b

Operates as a multi-functional integrated construction company in Mainland China and internationally.

Security Bank

Market Cap: ₱52.8b

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

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.

REC

Market Cap: ₹979.6b

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

Middle East Healthcare

Market Cap: ر.س5.3b

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

Binggrae

Market Cap: ₩668.4b

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

KH Neochem

Market Cap: JP¥97.8b

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