Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

q.beyond

Market Cap: €86.2m

Engages in the cloud, applications, artificial intelligence (AI), and security business in Germany and internationally.

DOF Group

Market Cap: €23.6b

Owns and operates a fleet of offshore and subsea vessels.

Sangoma Technologies

Market Cap: US$246.6m

Develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications in the United States of America and internationally.

Carlsberg

Market Cap: US$111.6b

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

Longfor Group Holdings

Market Cap: HK$69.6b

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.

Assetwise

Market Cap: ฿5.4b

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

Hansen Technologies

Market Cap: AU$1.1b

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

Vieworks

Market Cap: ₩180.8b

Develops, manufactures, and sells imaging systems and solutions.

Trajan Group Holdings

Market Cap: AU$96.9m

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.

Guangdong Haid Group

Market Cap: CN¥90.5b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

Hansen Technologies

Market Cap: AU$1.1b

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

REC

Market Cap: ₹902.1b

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

Beijing New Building Materials

Market Cap: CN¥42.7b

Manufactures and sells building materials in China and internationally.

CapitaLand Malaysia Trust

Market Cap: RM 2.0b

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.

Adairs

Market Cap: AU$330.7m

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

Anker Innovations

Market Cap: CN¥58.2b

Develops and sells mobile charging products.

Srisawad Corporation

Market Cap: ฿43.2b

Provides financial services in Thailand and internationally.

China Mengniu Dairy

Market Cap: HK$56.4b

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

New Hope Dairy

Market Cap: CN¥14.3b

Produces and sells dairy products in China.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥11.0b

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

China Railway Group

Market Cap: CN¥126.9b

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

Haidilao International Holding

Market Cap: HK$75.8b

An investment holding company, engages in the restaurant operation and delivery businesses in Mainland China, Hong Kong, Macau, and Taiwan.

Acrow

Market Cap: AU$323.1m

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

Micro-Tech (Nanjing)Ltd

Market Cap: CN¥14.9b

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

Horizon Construction Development

Market Cap: HK$3.7b

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

Aurelia Metals

Market Cap: AU$397.8m

Engages in the exploration and production of mineral properties in Australia.

Tianjin Ringpu Bio-TechnologyLtd

Market Cap: CN¥8.8b

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

Binggrae

Market Cap: ₩659.6b

Engages in production and sale of dairy products in South Korea and internationally.

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.

Summerset Group Holdings

Market Cap: AU$2.9b

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

Industrial Bank

Market Cap: CN¥441.9b

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

Raydium Semiconductor

Market Cap: NT$15.9b

Engages in the design, development, and sale of display drivers, sequential control, and power management integrated circuit (IC) products in China, Hong Kong, Taiwan, and internationally.

Inspur Digital Enterprise Technology

Market Cap: HK$8.1b

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.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥11.4b

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.

Jinzai Food GroupLtd

Market Cap: CN¥5.1b

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