Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

IPH

Market Cap: AU$1.0b

Provides intellectual property (IP) services and products.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥8.8b

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

Acrow

Market Cap: AU$318.8m

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

Indofood Sukses Makmur

Market Cap: Rp67.2t

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

Sasseur Real Estate Investment Trust

Market Cap: S$869.5m

Invests in a portfolio of real estate and related assets.

China Mengniu Dairy

Market Cap: HK$58.8b

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

Jiangsu Changshu Rural Commercial Bank

Market Cap: CN¥23.3b

Jiangsu Changshu Rural Commercial Bank Co., Ltd.

Beijing New Building Materials

Market Cap: CN¥42.3b

Manufactures and sells building materials in China and internationally.

Industrial Bank

Market Cap: CN¥428.5b

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

True Corporation

Market Cap: ฿390.4b

Provides telecommunications and value-added services in Thailand.

China Railway Group

Market Cap: CN¥128.3b

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

Aurora Design

Market Cap: ฿18.9b

Trades gold jewelry in Thailand.

LX Semicon

Market Cap: ₩896.2b

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

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.

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.

Emaar Properties PJSC

Market Cap: د.إ122.9b

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

Ganyuan Foods

Market Cap: CN¥5.1b

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

Tsingtao Brewery

Market Cap: HK$86.1b

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

Proya CosmeticsLtd

Market Cap: CN¥31.8b

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

Shandong Yisheng Livestock & Poultry Breeding

Market Cap: CN¥9.5b

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd.

Sinoma International EngineeringLtd

Market Cap: CN¥23.1b

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

Tenaga Nasional Berhad

Market Cap: RM 77.4b

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

Middle East Healthcare

Market Cap: ر.س5.0b

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

Aeon (M) Bhd

Market Cap: RM 1.7b

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

China Overseas Property Holdings

Market Cap: HK$16.9b

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

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.

Bangchak Corporation

Market Cap: ฿43.4b

Engages in the refining and marketing of petroleum products in Thailand, Singapore, Norway, Korea, Laos, and internationally.

Assetwise

Market Cap: ฿4.7b

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

Worley

Market Cap: AU$7.2b

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

Monash IVF Group

Market Cap: AU$263.0m

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

First Citizens BancShares

Market Cap: US$24.1b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

Transcontinental

Market Cap: CA$1.6b

Engages in the flexible packaging business in Canada, the United States, Latin America, the United Kingdom, and internationally.

Kalmar Oyj

Market Cap: €2.3b

Provides heavy material handling equipment and services for ports, terminals, distribution centres, manufacturing, and heavy logistics industries in the Americas, Europe, Asia, the Middle East, and Africa.

Capgemini

Market Cap: €21.6b

Provides consulting, digital transformation, technology, and engineering services primarily in North America, France, the United Kingdom, Ireland, the rest of Europe, the Asia-Pacific, and Latin America.

Mattel

Market Cap: €5.6b

A toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.