Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Bayerische Motoren Werke

Market Cap: US$46.0b

Develops, manufactures, and sells automobiles and motorcycles, spare parts, and accessories worldwide.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp302.1t

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

Indofood Sukses Makmur

Market Cap: Rp52.5t

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

Champion Iron

Market Cap: US$2.5b

Engages in the acquisition, exploration, development, and production of iron ore properties in Canada.

Tokai Carbon

Market Cap: JP¥194.1b

Manufactures and sells carbon-related products and services in Japan.

Canara Bank

Market Cap: ₹1.2t

Provides various banking products and services in India and internationally.

China Construction Bank

Market Cap: HK$2.1t

Engages in the provision of various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally.

Cheerwin Group

Market Cap: HK$2.9b

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.

Nippon Paint Holdings

Market Cap: JP¥2.3t

Engages in the paints and fine chemicals businesses.

Trajan Group Holdings

Market Cap: AU$70.2m

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.

Tianjin Ringpu Bio-TechnologyLtd

Market Cap: CN¥7.8b

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

Geely Automobile Holdings

Market Cap: CN¥215.7b

An investment holding company, operates as an automobile manufacturer primarily in the People’s Republic of China.

Inspur Digital Enterprise Technology

Market Cap: HK$3.6b

An investment holding company, engages in management software development, cloud services, and sale of Internet of Things (IoT) solutions in the People’s Republic of China.

MEGA P&C Advanced Materials (Shanghai)

Market Cap: CN¥4.9b

Produces and sells solid content, water-based solvent free, and special function coating products in China.

CITIC

Market Cap: HK$326.7b

Operates in the financial services, advanced intelligent manufacturing, advanced materials, consumption, and urbanization businesses in the Mainland of China, Hong Kong, and internationally.

China South Publishing & Media Group

Market Cap: CN¥18.8b

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

GPT Group

Market Cap: AU$8.7b

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.

Adairs

Market Cap: AU$229.7m

Operates as a specialty retailer of home furnishings, furniture, and decoration products in Australia and New Zealand.

Duc Giang Chemicals Group

Market Cap: ₫19.6t

Manufactures industrial products in Vietnam.

Hansen Technologies

Market Cap: AU$969.0m

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

China Hongqiao Group

Market Cap: HK$316.3b

An investment holding company, manufactures and sells aluminum products.

C&D International Investment Group

Market Cap: HK$28.3b

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.

Lion

Market Cap: JP¥441.4b

Manufactures and sells consumer and industrial products in Japan and internationally.

LHN

Market Cap: S$241.5m

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

Ingenia Communities Group

Market Cap: AU$1.6b

Ingenia Communities Group (ASX: INA) is a leading operator, owner and developer of communities offering quality affordable rental and holiday accommodation focussed on the growing seniors’ market in Australia.

Srisawad Corporation

Market Cap: ฿35.9b

Provides financial services in Thailand and internationally.

Lucky Harvest

Market Cap: CN¥7.5b

Engages in the research, development, production, and sale of precision stamping dies and structural metal parts in China.

Micro-Tech (Nanjing)Ltd

Market Cap: CN¥12.6b

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

Dentsu Group

Market Cap: JP¥702.8b

Operates in the advertising business in Japan, the Americas, Europe, the Middle East and Africa, and the Asia Pacific.

Xtep International Holdings

Market Cap: HK$13.3b

Designs, develops, manufactures, markets, and sells sports footwear, apparel, and accessories for adults and children in Mainland China.

Sinoma International EngineeringLtd

Market Cap: CN¥25.5b

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

ISOTeam

Market Cap: S$61.3m

Operates in the building maintenance and estate upgrading industry in Singapore.

Indegene

Market Cap: ₹101.6b

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

Vikram Solar

Market Cap: ₹68.8b

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

Longfor Group Holdings

Market Cap: HK$57.5b

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.