Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

China Foods

Market Cap: HK$7.8b

An investment holding company, manufactures, distributes, markets, and sells Coca-Cola series products in the People’s Republic of China.

DUG Technology

Market Cap: AU$183.8m

Dug Technology Ltd, 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.

Acrow

Market Cap: AU$312.6m

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

United Bank for Africa

Market Cap: ₦1.5t

Primarily provides corporate, commercial, and retail banking services in Nigeria, rest of Africa, and internationally.

Austevoll Seafood

Market Cap: NOK 19.3b

A seafood company, produces and sells salmon and trout, whitefish, and pelagic in Norway, the European Union, the United Kingdom, Eastern Europe, Africa, North America, Asia, and South America.

Gansu Shangfeng CementLtd

Market Cap: CN¥7.6b

Engages in the manufacturing and sale of building materials, and cement and cement clinker products in China.

Xiamen C&D

Market Cap: CN¥29.4b

Engages in the supply chain and real estate development businesses in China and internationally.

Huaxin Cement

Market Cap: CN¥22.7b

Manufactures and sells cement in China and internationally.

Longfor Group Holdings

Market Cap: HK$66.9b

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.

Micro-Tech (Nanjing)Ltd

Market Cap: CN¥12.5b

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

Axalta Coating Systems

Market Cap: US$6.7b

Through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

BWG

Market Cap: NOK 17.1b

An investment holding company, engages in ship owning and chartering activities worldwide.

MC Group

Market Cap: ฿7.8b

Manufactures, distributes, and retails apparel, accessories, and lifestyle products in Thailand.

Mayur Uniquoters

Market Cap: ₹25.8b

Engages in the manufacture and sale of coated textile fabrics in India and internationally.

Hoa Phat Group

Market Cap: ₫168.2t

Produces and sells steel products in Vietnam.

Exxaro Resources

Market Cap: R36.3b

Engages in coal, pigment manufacturing, and renewable energy businesses in South Africa, Europe, Asia, and internationally.

China National Building Material

Market Cap: HK$26.7b

An investment holding company, engages in building material, new materials, and engineering technical services businesses.

Seojin SystemLtd

Market Cap: ₩1.2t

Provides telecom equipment, repeaters, mechanical products, and LED and other equipment.

Chengdu Hongqi ChainLtd

Market Cap: CN¥7.5b

Operates a chain of convenience supermarkets in China.

Ningbo Deye Technology Group

Market Cap: CN¥54.9b

Engages in the production and sales of heat exchangers, inverters, and dehumidifiers in China, the United Kingdom, the United States, Germany, India, and internationally.

Zhejiang Semir Garment

Market Cap: CN¥14.4b

Produces and sells casual apparels in China and internationally.

AWC Berhad

Market Cap: RM 204.5m

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

Cheil Worldwide

Market Cap: ₩1.9t

Provides various marketing solutions worldwide.

Tsingtao Brewery

Market Cap: HK$91.4b

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

Guangdong Mingyang ElectricLtd

Market Cap: CN¥12.5b

Engages in the research, development, production, and sale of high/low voltage switchgear, transformer, and power transmission and distribution equipment in China.

Baoxiniao Holding

Market Cap: CN¥5.6b

Engages in the research and development, production, and sale of branded men and women clothing products in China.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.7b

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.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥12.4b

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

Hu Lane Associate

Market Cap: NT$13.8b

Engages in manufacture and sale of terminal devices, terminal crimping, industrial rubber, and plastic products in Taiwan.

REC

Market Cap: ₹1.1t

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

Jonjee Hi-Tech Industrial and Commercial HoldingLtd

Market Cap: CN¥14.6b

Produces and sells seasoning products in China and internationally.

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥32.6b

Manufactures and sells power distribution and utilization systems in China and internationally.

Sinoma International EngineeringLtd

Market Cap: CN¥24.2b

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

Indorama Ventures

Market Cap: ฿111.2b

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

Vieworks

Market Cap: ₩193.8b

Develops, manufactures, and sells imaging systems and solutions.