Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

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.

China National Building Material

Market Cap: HK$27.3b

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

China Overseas Property Holdings

Market Cap: HK$17.6b

An investment holding company, provides property management services in Hong Kong, Macau, and Mainland China.

Hualan Biological Engineering

Market Cap: CN¥28.5b

A biopharmaceutical company, researches, develops, produces, and commercializes blood products, vaccines, and recombinant proteins in China and internationally.

Micro-Tech (Nanjing)Ltd

Market Cap: CN¥12.0b

Researches, develops, manufactures, and sells minimally invasive medical devices to hospitals and clinics worldwide.

Longfor Group Holdings

Market Cap: HK$67.1b

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.

Beijing New Building Materials

Market Cap: CN¥44.0b

Manufactures and sells building materials in China and internationally.

Ganyuan Foods

Market Cap: CN¥5.5b

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

Proya CosmeticsLtd

Market Cap: CN¥32.4b

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

Tsingtao Brewery

Market Cap: HK$88.6b

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

Luxi Chemical Group

Market Cap: CN¥20.2b

Manufactures and sells chemical and fertilizer products.

China Resources Land

Market Cap: HK$193.6b

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

Jiangsu Xinquan Automotive TrimLtd

Market Cap: CN¥22.2b

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

Sunshine Insurance Group

Market Cap: HK$38.2b

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

Adaro Minerals Indonesia

Market Cap: Rp42.3t

Engages in metallurgical coal mining business in Indonesia.

Shenzhen Transsion Holdings

Market Cap: CN¥91.9b

Manufactures and sells smart devices in Africa and internationally.

IPH

Market Cap: AU$1.2b

Provides intellectual property (IP) services and products.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥11.5b

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

Xiamen C&D

Market Cap: CN¥29.1b

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

Shenzhen Fuanna Bedding and FurnishingLtd

Market Cap: CN¥6.3b

Engages in the research and development, design, production, and sales of textile home furnishing, home furnishing and living products in China and internationally.

Jonjee Hi-Tech Industrial and Commercial HoldingLtd

Market Cap: CN¥14.8b

Produces and sells seasoning products in China and internationally.

Acrow

Market Cap: AU$301.8m

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

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.5b

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.

ANE (Cayman)

Market Cap: HK$9.0b

An investment holding company operates an express freight network in the less-than-truckload (LTL) market in China.

Sinoma International EngineeringLtd

Market Cap: CN¥22.7b

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

Shandong Yisheng Livestock & Poultry Breeding

Market Cap: CN¥8.9b

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd.

Trajan Group Holdings

Market Cap: AU$111.2m

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.

Banco Itaú Chile

Market Cap: CL$2.7t

Provides various banking services in Chile and Colombia.

Housing and Development Bank- Egypt (S.A.E)

Market Cap: ج.م33.4b

Together with its, provides corporate and retail banking services in Egypt.

FNM

Market Cap: €174.4m

Engages in the railway mobility business in Italy.

Trican Well Service

Market Cap: CA$841.2m

An equipment services company, provides various products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells in Canada.

DEME Group

Market Cap: €3.4b

Provides marine solutions in the fields of offshore energy, dredging, marine infrastructure, and environmental works in Belgium, Europe, Africa, the United States, Asia, Oceania, and the Middle East.

Hafnia

Market Cap: US$28.2b

Owns and operates oil product tankers in Bermuda.

Quest Resource Holding

Market Cap: €43.8m

Provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States.

Argan

Market Cap: €1.7b

ARGAN is the only French real estate company specializing in the DEVELOPMENT & RENTAL OF PREMIUM WAREHOUSES listed on EURONEXT and is the leading player of its market in France.