Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

F&F

Market Cap: ₩2.5t

Manufactures and sells apparel and accessories in South Korea.

Miura

Market Cap: JP¥354.2b

Produces and sells boilers in Japan and internationally.

Hansen Technologies

Market Cap: AU$1.0b

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

Hansen Technologies

Market Cap: AU$1.0b

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

Enel Américas

Market Cap: Col$7.9t

Generates, transmits, and distributes electricity in Brazil, Colombia, Central America, Argentina, and Peru.

Oceania Healthcare

Market Cap: AU$543.2m

Owns and operates retirement villages and care centres in New Zealand.

Jinzai Food GroupLtd

Market Cap: CN¥4.6b

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

Japan Hotel REIT Investment

Market Cap: JP¥402.2b

Japan Hotel REIT Investment Corporation (JHR) was established under the Act on Investment Trusts and Investment Corporations (Act No.

Jiangsu King's Luck Brewery Ltd

Market Cap: CN¥36.5b

Jiangsu King's Luck Brewery Joint-Stock Co.,Ltd.

Longfor Group Holdings

Market Cap: HK$65.6b

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.

Ricegrowers

Market Cap: AU$851.1m

Operates as a rice food company in Australia, New Zealand, the Pacific Islands, Europe, the Middle East, Africa, Asia, and North America.

Zhejiang Jiuzhou Pharmaceutical

Market Cap: CN¥14.9b

Operates as contract development and manufacturing organization (CDMO) company in China and internationally.

Nippon Paint Holdings

Market Cap: JP¥2.4t

Engages in the paints and fine chemicals businesses.

Summerset Group Holdings

Market Cap: AU$2.5b

Develops, owns, and operates integrated retirement villages in New Zealand and Australia.

Fauji Cement

Market Cap: PK₨96.7b

Engages in the manufacturing and selling of various types of cement in Pakistan.

GPT Group

Market Cap: AU$8.8b

GPT is one of Australia’s leading property groups, with assets under management of $34.1 billion across a portfolio of high quality retail, office and logistics assets.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp299.2t

Provides information and communications technology, and telecommunications network services worldwide.

Shenzhen YHLO Biotech

Market Cap: CN¥8.2b

Researches, develops, produces, sells, and services in vitro diagnostic instruments and reagents in China and internationally.

Konica Minolta

Market Cap: JP¥255.7b

Engages in digital workplace, professional print, healthcare, and industry business in Japan, China, other Asian countries, the United States, Europe, and internationally.

LHN

Market Cap: S$247.9m

An investment holding company, engages in space optimization, property development, facilities management services, and energy businesses in Singapore, Hong Kong, Myanmar, Indonesia, and Cambodia.

Tianjin Ringpu Bio-TechnologyLtd

Market Cap: CN¥8.9b

Engages in the research and development, production, and sale of veterinary raw materials, drug preparation, functional additives, and veterinary biological products.

Metcash

Market Cap: AU$3.3b

Operates as a wholesale distribution and marketing company in Australia.

REC

Market Cap: ₹904.5b

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

China Railway Group

Market Cap: CN¥138.2b

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

Vikram Solar

Market Cap: ₹67.0b

Manufactures and sells solar photovoltaic modules/systems in India and internationally.

China Resources Land

Market Cap: HK$216.1b

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

Indegene

Market Cap: ₹106.4b

Operates as a digital-first life sciences commercialization company in India, the United States, Europe, and internationally.

Acrow

Market Cap: AU$275.7m

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

Grand Pharmaceutical Group

Market Cap: HK$25.6b

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.

Rohto PharmaceuticalLtd

Market Cap: JP¥526.7b

Manufactures and markets pharmaceutical products, cosmetics, and functional foods worldwide.

Challenger

Market Cap: AU$5.1b

A publicly owned investment manager.

Innocean Worldwide

Market Cap: ₩782.0b

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

GWA Group

Market Cap: AU$561.0m

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

IndiQube Spaces

Market Cap: ₹33.2b

Provides workplace solutions and value-added services in India.

Centurion

Market Cap: S$1.2b

Owns, develops, and manages workers and student accommodation assets in Singapore, Malaysia, Australia, the United Kingdom, and internationally.