Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

BYD Electronic (International)

Market Cap: US$79.2b

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.

Grand Pharmaceutical Group

Market Cap: HK$28.6b

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.

GWA Group

Market Cap: AU$650.4m

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

Raydium Semiconductor

Market Cap: NT$15.9b

Engages in the design, development, and sale of display drivers, sequential control, and power management integrated circuit (IC) products in China, Hong Kong, Taiwan, and internationally.

Industrial Bank

Market Cap: CN¥440.2b

Provides banking products and services in the People’s Republic of China.

Chongqing Baiya Sanitary Products

Market Cap: CN¥8.7b

Chongqing Baiya Sanitary Products Co., Ltd.

Megaworld

Market Cap: ₱66.3b

Engages in the development, sale, and leasing of real estate properties in the Philippines.

Binggrae

Market Cap: ₩655.2b

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

Vieworks

Market Cap: ₩182.6b

Develops, manufactures, and sells imaging systems and solutions.

Hansen Technologies

Market Cap: AU$1.1b

Engages in the development, integration, and support of billing and customer information systems.

Trajan Group Holdings

Market Cap: AU$106.8m

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.

Tsingtao Brewery

Market Cap: CN¥76.2b

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

Acrow

Market Cap: AU$326.2m

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

China Railway Group

Market Cap: CN¥127.9b

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

Micro-Tech (Nanjing)Ltd

Market Cap: CN¥14.9b

Engages in the research, development, manufacturing, and sale of invasive medical devices in China and internationally.

China South Publishing & Media Group

Market Cap: CN¥20.0b

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

Bear Electric ApplianceLtd

Market Cap: CN¥6.7b

Engages in the research and development, design, production, and sale of small household appliances under Bear brand name in China and internationally.

Sinoma International EngineeringLtd

Market Cap: CN¥25.7b

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

Innocean Worldwide

Market Cap: ₩747.6b

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

Huaibei Mining HoldingsLtd

Market Cap: CN¥31.7b

Primarily engages in coal mining, washing, processing, sales, and production of coal chemical products in China.

Jiang Zhong PharmaceuticalLtd

Market Cap: CN¥14.5b

Engages in the manufacture of pharmaceutical products in China.

Haidilao International Holding

Market Cap: HK$76.1b

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

Converge Information and Communications Technology Solutions

Market Cap: ₱110.1b

Converge Information and Communications Technology Solutions, Inc.

China Conch Venture Holdings

Market Cap: HK$18.5b

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

NetEase Cloud Music

Market Cap: HK$41.1b

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.

Hansen Technologies

Market Cap: AU$1.1b

Engages in the development, integration, and support of billing and customer information systems.

Beijing Urban Construction Investment & Development

Market Cap: CN¥10.0b

Beijing Urban Construction Investment & Development Co., Ltd.

Security Bank

Market Cap: ₱50.9b

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

C&D International Investment Group

Market Cap: HK$35.8b

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.

Hoa Phat Group

Market Cap: ₫207.2t

Produces and sells steel products in Vietnam.

HD Hyundai Construction Equipment

Market Cap: ₩1.6t

HD Hyundai Construction Equipment Co.,Ltd.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥8.5b

Provides chemical supply chain solutions worldwide.

Indofood Sukses Makmur

Market Cap: Rp62.3t

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

F&F

Market Cap: ₩2.7t

Manufactures and sells sewn wearing apparels in South Korea.

Longfor Group Holdings

Market Cap: HK$70.7b

An investment holding company, engages in the property development, commercial investment, asset management, property management, and smart construction businesses in the People’s Republic of China.