Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

China Resources Land

Market Cap: HK$201.2b

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

Longfor Group Holdings

Market Cap: HK$66.8b

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.

Security Bank

Market Cap: ₱50.8b

Provides banking and financial products and services to wholesale and retail clients in the Philippines.

Shanghai Zhonggu Logistics

Market Cap: CN¥21.3b

Provides container shipping services in China.

Industrial Bank

Market Cap: CN¥404.6b

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

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥10.2b

Provides chemical supply chain solutions worldwide.

Micro-Tech (Nanjing)Ltd

Market Cap: CN¥16.0b

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

Tsingtao Brewery

Market Cap: CN¥72.7b

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

IRB Infrastructure Developers

Market Cap: ₹239.9b

Engages in the infrastructure development business in India.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥10.2b

Provides chemical supply chain solutions worldwide.

Nido Education

Market Cap: AU$121.5m

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

Sichuan Baicha Baidao Industrial

Market Cap: HK$10.1b

An investment holding company, provides tea drink products in the People’s Republic of China.

Huaibei Mining HoldingsLtd

Market Cap: CN¥31.9b

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

Fosun International

Market Cap: HK$33.9b

Operates in the health, happiness, wealth, and intelligent manufacturing sectors in Mainland China, Portugal, and internationally.

MEGA P&C Advanced Materials (Shanghai)

Market Cap: CN¥5.2b

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

Horizon Construction Development

Market Cap: HK$3.4b

Operates as an investment holding company that provides equipment operation services in the People's Republic of China.

Grand Pharmaceutical Group

Market Cap: HK$27.4b

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.

Future

Market Cap: JP¥174.0b

Provides IT consulting and services primarily in Japan.

Chambal Fertilisers and Chemicals

Market Cap: ₹174.5b

Produces and sells fertilizers primarily in India.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥236.4b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Hansen Technologies

Market Cap: AU$1.1b

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

China Railway Group

Market Cap: CN¥123.9b

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

Greentown China Holdings

Market Cap: HK$24.6b

Engages in the development for sale of residential properties in the People’s Republic of China.

SKP Resources Bhd

Market Cap: RM 1.0b

Provides electronics manufacturing services (EMS) in Malaysia.

Sasseur Real Estate Investment Trust

Market Cap: S$866.4m

Invests in a portfolio of real estate and related assets.

NetEase Cloud Music

Market Cap: HK$38.7b

An investment holding company, engages in the operation of online platforms to provide music and social entertainment services in the People’s Republic of China.

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.

Adairs

Market Cap: AU$315.7m

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

Anker Innovations

Market Cap: CN¥56.3b

Operates as a smart hardware technology company in China and internationally.

Geely Automobile Holdings

Market Cap: CN¥183.2b

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

Inspur Digital Enterprise Technology

Market Cap: HK$6.4b

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.

Ping An Bank

Market Cap: CN¥213.3b

Provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally.

China Mengniu Dairy

Market Cap: HK$61.4b

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

REC

Market Cap: ₹951.5b

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

F&F

Market Cap: ₩2.5t

Manufactures and sells sewn wearing apparels in South Korea.