Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Allied Properties Real Estate Investment Trust

Market Cap: €1.9b

Allied is a leading owner-operator of distinctive urban workspace in Canada’s major cities.

BYD Electronic (International)

Market Cap: US$79.5b

An investment holding company, primarily engages in the design, manufacture, assembly, and sale of mobile handset components, modules, and other products in the People’s Republic of China and internationally.

Indorama Ventures

Market Cap: ฿94.3b

Manufactures and distributes petrochemical products in Thailand, the United States, Brazil, and internationally.

AWC Berhad

Market Cap: RM 212.1m

An investment holding company, provides integrated facilities management and engineering services.

Sansiri

Market Cap: ฿23.2b

Engages in the property development business in Thailand.

Chambal Fertilisers and Chemicals

Market Cap: ₹185.7b

Produces and sells fertilizers primarily in India.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥12.3b

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

Huaqin Technology

Market Cap: CN¥89.7b

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

Haidilao International Holding

Market Cap: HK$77.9b

An investment holding company, engages in the restaurant operation and delivery businesses in Mainland China, Hong Kong, Macau, and Taiwan.

KH Neochem

Market Cap: JP¥84.4b

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

Innocean Worldwide

Market Cap: ₩720.4b

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

NetEase Cloud Music

Market Cap: HK$44.3b

An investment holding company, engages in the operation of online platforms to provide music and social entertainment services in the People’s Republic of China.

LX Semicon

Market Cap: ₩827.9b

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

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.

Security Bank

Market Cap: ₱49.8b

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

China Conch Venture Holdings

Market Cap: HK$19.0b

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

China South Publishing & Media Group

Market Cap: CN¥21.8b

Engages in publishing, printing, distribution, media, and financing businesses in China.

IPH

Market Cap: AU$941.3m

Provides intellectual property (IP) services and products.

China Overseas Property Holdings

Market Cap: HK$16.6b

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

Aurelia Metals

Market Cap: AU$389.3m

Engages in the exploration and production of mineral properties in Australia.

MCNEX

Market Cap: ₩426.2b

Manufactures and sells camera modules in South Korea and internationally.

Guangdong Haid Group

Market Cap: CN¥97.3b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

Beijing Urban Construction Investment & Development

Market Cap: CN¥10.4b

Beijing Urban Construction Investment & Development Co., Ltd.

C&D International Investment Group

Market Cap: HK$37.3b

An investment holding company, engages in the property development, real estate industry chain investment services, and industry investment activities in the People’s Republic of China.

Tenaga Nasional Berhad

Market Cap: RM 78.2b

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

DUG Technology

Market Cap: AU$274.2m

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.

E7 Group PJSC

Market Cap: د.إ2.1b

Engages in commercial printing, packaging, and distribution business in the United Arab Emirates.

Anker Innovations

Market Cap: CN¥57.7b

Develops and sells mobile charging products.

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.

Micro-Tech (Nanjing)Ltd

Market Cap: CN¥15.7b

Researches, develops, manufactures, and sells minimally invasive medical devices to hospitals and clinics worldwide.

Acrow

Market Cap: AU$327.8m

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

GWA Group

Market Cap: AU$625.4m

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

China Railway Group

Market Cap: CN¥131.8b

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

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.0b

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.

Shofu

Market Cap: JP¥66.0b

Manufactures and sells dental materials and equipment worldwide.