Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Sao Ta Foods

Market Cap: ₫2.4t

Engages in farming, processing, and preserving aquatic products.

Aurora Design

Market Cap: ฿19.5b

Trades gold jewelry in Thailand.

Trajan Group Holdings

Market Cap: AU$112.1m

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.

True Corporation

Market Cap: ฿362.8b

Provides telecommunications and value-added services in Thailand.

Stanmore Resources

Market Cap: AU$1.9b

Engages in the exploration, development, production, and sale of metallurgical coal in Australia.

Monash IVF Group

Market Cap: AU$270.8m

Engages in the provision of assisted reproductive and specialist women imaging services in Australia and Malaysia.

Aeon (M) Bhd

Market Cap: RM 1.8b

Operates and manages a retail chain of departmental stores and supermarkets in Malaysia.

IPH

Market Cap: AU$923.0m

Provides intellectual property (IP) services and products.

Bangchak Corporation

Market Cap: ฿42.0b

Engages in the refining and marketing of petroleum products in Thailand, Singapore, Norway, Korea, Laos, and internationally.

Worley

Market Cap: AU$7.2b

Provides professional services to the energy, chemicals, and resources sectors in the Americas, Europe, the Middle East, Africa, Australia, the Asia Pacific, and China.

LX Semicon

Market Cap: ₩894.5b

Operates as a semiconductor company in South Korea, China, Vietnam, Taiwan, Japan, and internationally.

Assetwise

Market Cap: ฿5.0b

Engages in property development and other real estate activities in Thailand.

Indofood Sukses Makmur

Market Cap: Rp62.3t

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

Tenaga Nasional Berhad

Market Cap: RM 76.4b

Engages in the generation, transmission, distribution, and sale of electricity in Malaysia, the United Kingdom, Kuwait, the Republic of Ireland, Australia, and internationally.

Emaar Properties PJSC

Market Cap: د.إ118.4b

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

CapitaLand Malaysia Trust

Market Cap: RM 2.1b

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

REC

Market Cap: ₹994.2b

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

Sasseur Real Estate Investment Trust

Market Cap: S$860.1m

Invests in a portfolio of real estate and related assets.

Vardhman Textiles

Market Cap: ₹118.6b

Manufactures, purchases, and sells textiles and fibres in India and internationally.

Chambal Fertilisers and Chemicals

Market Cap: ₹204.6b

Produces and sells fertilizers primarily in India.

Middle East Healthcare

Market Cap: ر.س5.2b

A healthcare provider, owns and operates a network of hospitals under the Saudi German Hospital name in the Middle East and North Africa.

Jiangsu Changshu Rural Commercial Bank

Market Cap: CN¥22.7b

Jiangsu Changshu Rural Commercial Bank Co., Ltd.

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.

Shandong Yisheng Livestock & Poultry Breeding

Market Cap: CN¥9.4b

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd.

Beijing Urban Construction Investment & Development

Market Cap: CN¥11.0b

Beijing Urban Construction Investment & Development Co., Ltd.

Ping An Bank

Market Cap: CN¥220.1b

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

China Resources Land

Market Cap: HK$216.6b

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

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.6b

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.

Ganyuan Foods

Market Cap: CN¥5.0b

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

Anhui Conch Cement

Market Cap: CN¥131.5b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

Diebold Nixdorf

Market Cap: US$2.1b

Engages in the automating, digitizing, and transforming the way people bank and shop worldwide.

Angel Oak Mortgage REIT

Market Cap: US$222.7m

A real estate finance company, focuses on acquiring and investing in first lien non- qualified mortgage loans and other mortgage-related assets in the United States mortgage market.

Rainbow Tours

Market Cap: €1.8b

Operates as a tour operator in Poland, the Czech Republic, Greece, Spain, Turkey, Slovakia, Lithuania, and internationally.

Beijing New Building Materials

Market Cap: CN¥40.2b

Manufactures and sells building materials in China and internationally.

Industrial Bank

Market Cap: CN¥420.1b

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