Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Shandong Yisheng Livestock & Poultry Breeding

Market Cap: CN¥9.3b

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd.

Ping An Bank

Market Cap: CN¥221.2b

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

Indofood Sukses Makmur

Market Cap: Rp69.1t

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

Tsingtao Brewery

Market Cap: HK$85.0b

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

Sasseur Real Estate Investment Trust

Market Cap: S$866.4m

Invests in a portfolio of real estate and related assets.

Jiangsu King's Luck Brewery Ltd

Market Cap: CN¥48.9b

Jiangsu King's Luck Brewery Joint-Stock Co.,Ltd.

Huaibei Mining HoldingsLtd

Market Cap: CN¥33.8b

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

Jiangsu Changshu Rural Commercial Bank

Market Cap: CN¥23.1b

Jiangsu Changshu Rural Commercial Bank Co., Ltd.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.2b

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.

Bethel Automotive Safety Systems

Market Cap: CN¥31.9b

Develops, manufactures, and sells automotive safety systems and advanced driver assistance systems in China.

Carlsberg

Market Cap: US$103.8b

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

Aurora Design

Market Cap: ฿18.8b

Trades gold jewelry in Thailand.

Monash IVF Group

Market Cap: AU$255.2m

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

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥8.8b

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

China Resources Land

Market Cap: HK$209.9b

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

Trajan Group Holdings

Market Cap: AU$112.9m

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.

C&D International Investment Group

Market Cap: HK$39.8b

An investment holding company, engages in the property development, real estate industry chain investment services, and industry investment activities in the People’s Republic of China.

Haidilao International Holding

Market Cap: HK$70.0b

An investment holding company, engages in the restaurant operation and delivery businesses.

Hyosung TNC

Market Cap: ₩940.8b

Manufactures and sells fiber in South Korea and internationally.

Binggrae

Market Cap: ₩668.4b

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

Tenaga Nasional Berhad

Market Cap: RM 76.9b

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

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.

Innocean Worldwide

Market Cap: ₩736.0b

Provides marketing and communications services in the Americas, Europe, Asia, Oceania, the Middle East, and internationally.

Bank of China

Market Cap: HK$1.7t

Provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally.

Sinopharm Group

Market Cap: HK$57.3b

Engages in the wholesale and retail of pharmaceutical and healthcare products, and medical devices in the People’s Republic of China.

Summerset Group Holdings

Market Cap: AU$2.6b

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

Chongqing Baiya Sanitary Products

Market Cap: CN¥11.2b

Chongqing Baiya Sanitary Products Co., Ltd.

Micro-Star International

Market Cap: NT$99.7b

Engages in the manufacture and sale of motherboards, interface cards, notebook computers, and other electronic products in Asia, Europe, the United States, and internationally.

Bangchak Corporation

Market Cap: ฿42.3b

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

WemadeLtd

Market Cap: ₩906.1b

Develops and publishes games in South Korea and internationally.

Seojin SystemLtd

Market Cap: ₩1.2t

Provides telecom equipment, repeaters, mechanical products, and LED and other equipment.

China Mengniu Dairy

Market Cap: HK$55.7b

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

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥8.8b

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

F&F

Market Cap: ₩2.5t

Manufactures and sells sewn wearing apparels in South Korea.

Beijing Urban Construction Investment & Development

Market Cap: CN¥10.2b

Beijing Urban Construction Investment & Development Co., Ltd.