Global Potentially Undervalued Companies

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.

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

MINISO Group Holding

Market Cap: €5.3b

An investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, rest of Asia, the Americas, Europe, Indonesia, and internationally.

Tsingtao Brewery

Market Cap: HK$94.6b

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

AME Elite Consortium Berhad

Market Cap: RM 1.0b

An investment holding company, engages in the design, development, and construction of manufacturing plants and industrial parks in Malaysia.

Hu Lane Associate

Market Cap: NT$14.3b

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

Middle East Healthcare

Market Cap: ر.س5.5b

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

Sunshine Insurance Group

Market Cap: HK$38.8b

Provides various insurance products and related services in the People’s Republic of China.

Sinoma International EngineeringLtd

Market Cap: CN¥24.1b

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

Oceania Healthcare

Market Cap: AU$434.5m

Owns and operates retirement villages and care centres in New Zealand.

MC Group

Market Cap: ฿8.0b

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

Jiangsu Xinquan Automotive TrimLtd

Market Cap: CN¥21.8b

Designs, develops, manufactures, sells, and supplies auto parts in China.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.3b

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.

Longfor Group Holdings

Market Cap: HK$69.2b

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.

Ningbo Deye Technology Group

Market Cap: CN¥53.8b

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

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥7.9b

Provides chemical supply chain solutions in China and internationally.

SKP Resources Bhd

Market Cap: RM 1.5b

An investment holding company, manufactures and sells electrical and electronic plastic products primarily in Malaysia.

Xiamen C&D

Market Cap: CN¥29.3b

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

Hubei Xingfa Chemicals Group

Market Cap: CN¥23.2b

Develops, produces, and sells phosphorus-based chemicals in China and internationally.

Proya CosmeticsLtd

Market Cap: CN¥35.7b

A beauty and personal care company, researches, develops, produces, and sells cosmetics in China.

Aeon (M) Bhd

Market Cap: RM 2.0b

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

Trajan Group Holdings

Market Cap: AU$121.9m

Develops, manufactures, sells, and distributes analytical and life science products and devices in Australia, New Zealand, Malaysia, Japan, the United States, Europe, the Middle East, Africa, and India.

Ganyuan Foods

Market Cap: CN¥5.9b

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

Luxi Chemical Group

Market Cap: CN¥20.1b

Manufactures and sells chemical and fertilizer products.

China Resources Land

Market Cap: HK$181.5b

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

Acrow

Market Cap: AU$310.3m

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

Beijing New Building Materials

Market Cap: CN¥48.3b

Manufactures and sells building materials in China and internationally.

REC

Market Cap: ₹1.1t

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

First Resources

Market Cap: S$2.2b

An investment holding company, engages in the palm oil production activities in Singapore, Indonesia, Europe, China, Malaysia, and internationally.

IPH

Market Cap: AU$1.3b

Provides intellectual property (IP) services and products.

Shandong Yisheng Livestock & Poultry Breeding

Market Cap: CN¥9.0b

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥13.2b

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

CapitaLand Malaysia Trust

Market Cap: RM 1.9b

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.

China National Building Material

Market Cap: HK$26.8b

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

Adaro Minerals Indonesia

Market Cap: Rp42.1t

Engages in metallurgical coal mining business in Indonesia.

Regional Management

Market Cap: €262.3m

A diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States.