Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

CapitaLand Malaysia Trust

Market Cap: RM 2.1b

CapitaLand Malaysia Trust (CLMT) is a real estate investment trust (REIT) listed on the Main Market of Bursa Malaysia Securities Berhad since 16 July 2010.

Beijing New Building Materials

Market Cap: CN¥41.5b

Manufactures and sells building materials in China and internationally.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥8.6b

Provides chemical supply chain solutions worldwide.

GWA Group

Market Cap: AU$640.0m

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

Adairs

Market Cap: AU$321.9m

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

Anker Innovations

Market Cap: CN¥57.7b

Develops and sells mobile charging products.

China Mengniu Dairy

Market Cap: HK$55.4b

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

Carlsberg

Market Cap: US$109.3b

Produces and markets beer and other beverage products in Denmark, China, the United Kingdom, and internationally.

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥32.6b

Manufactures and sells power distribution in China and internationally.

KH Neochem

Market Cap: JP¥87.2b

Researches, manufactures, and sells of petrochemical products in Japan and internationally.

Guangdong Mingyang ElectricLtd

Market Cap: CN¥13.5b

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

MC Group

Market Cap: ฿8.6b

Engages in the manufacture and distribution management of clothing and accessories in Thailand.

Nido Education

Market Cap: AU$132.2m

Owns, operates, and manages long day early childhood education and care centres under the Nido Early School brand in Australia.

Inspur Digital Enterprise Technology

Market Cap: HK$7.8b

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.

F&F

Market Cap: ₩2.7t

Manufactures and sells sewn wearing apparels in South Korea.

Indofood Sukses Makmur

Market Cap: Rp60.1t

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

China Construction Bank

Market Cap: HK$2.0t

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.

Summerset Group Holdings

Market Cap: AU$2.9b

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

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥11.2b

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.

MEGA P&C Advanced Materials (Shanghai)

Market Cap: CN¥4.8b

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

Jinzai Food GroupLtd

Market Cap: CN¥5.1b

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

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥8.6b

Provides chemical supply chain solutions worldwide.

Sinoma International EngineeringLtd

Market Cap: CN¥24.4b

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

Emaar Properties PJSC

Market Cap: د.إ124.2b

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

C&D International Investment Group

Market Cap: HK$35.6b

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.

Bear Electric ApplianceLtd

Market Cap: CN¥6.6b

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

Huaibei Mining HoldingsLtd

Market Cap: CN¥30.9b

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

Sinoma International EngineeringLtd

Market Cap: CN¥24.4b

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

Shanghai Zhonggu Logistics

Market Cap: CN¥21.6b

Provides container shipping services in China.

Innocean Worldwide

Market Cap: ₩758.0b

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

Beijing Urban Construction Investment & Development

Market Cap: CN¥9.6b

Beijing Urban Construction Investment & Development Co., Ltd.

HD Hyundai Construction Equipment

Market Cap: ₩1.6t

HD Hyundai Construction Equipment Co.,Ltd.

GWA Group

Market Cap: AU$640.0m

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

Jinneng Holding Shanxi Coal Industryltd

Market Cap: CN¥24.0b

Engages in the production and sales of coal in China.

China Resources Land

Market Cap: HK$200.4b

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