Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Binggrae

Market Cap: ₩655.2b

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

NetEase Cloud Music

Market Cap: HK$41.1b

An investment holding company, engages in the operation of online platforms to provide music and social entertainment services in the People’s Republic of China.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥11.5b

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.

Summerset Group Holdings

Market Cap: AU$2.9b

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

Hansen Technologies

Market Cap: AU$1.1b

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

Huaibei Mining HoldingsLtd

Market Cap: CN¥31.7b

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

Megaworld

Market Cap: ₱66.3b

Engages in the development, sale, and leasing of real estate properties in the Philippines.

Bear Electric ApplianceLtd

Market Cap: CN¥6.7b

Engages in the research and development, design, production, and sale of small household appliances under Bear brand name in China and internationally.

Hansen Technologies

Market Cap: AU$1.1b

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

Chongqing Baiya Sanitary Products

Market Cap: CN¥8.7b

Chongqing Baiya Sanitary Products Co., Ltd.

Grand Pharmaceutical Group

Market Cap: HK$28.6b

An investment holding company, engages in the research and development, manufacture, and sale of pharmaceutical preparations and medical devices, biotechnology and healthcare products, and pharmaceutical raw materials.

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.

Industrial Bank

Market Cap: CN¥440.2b

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

Sinoma International EngineeringLtd

Market Cap: CN¥25.7b

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

Jiang Zhong PharmaceuticalLtd

Market Cap: CN¥14.5b

Engages in the manufacture of pharmaceutical products in China.

Innocean Worldwide

Market Cap: ₩747.6b

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

Bethel Automotive Safety Systems

Market Cap: CN¥27.8b

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

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥11.3b

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

Inspur Digital Enterprise Technology

Market Cap: HK$8.2b

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.

Huaqin Technology

Market Cap: CN¥92.6b

Engages in the development, manufacturing, and operation service of software, hardware, systems for tech companies worldwide.

Jiangsu King's Luck Brewery Ltd

Market Cap: CN¥45.4b

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

Adairs

Market Cap: AU$321.0m

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

China Mengniu Dairy

Market Cap: HK$56.9b

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

CapitaLand Malaysia Trust

Market Cap: RM 2.1b

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.

GWA Group

Market Cap: AU$650.4m

Research, designs, manufactures, imports, and markets building fixtures and fittings to residential and commercial premises in Australia, New Zealand, the United Kingdom, and internationally.

Beijing New Building Materials

Market Cap: CN¥42.7b

Manufactures and sells building materials in China and internationally.

Anker Innovations

Market Cap: CN¥59.6b

Develops and sells mobile charging products.

Converge Information and Communications Technology Solutions

Market Cap: ₱110.1b

Converge Information and Communications Technology Solutions, Inc.

Tsingtao Brewery

Market Cap: CN¥76.2b

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

China Conch Venture Holdings

Market Cap: HK$18.5b

An investment holding company, provides various package solutions for energy conservation and environmental protection in Mainland China and the Asia-Pacific.

China South Publishing & Media Group

Market Cap: CN¥20.0b

Engages in the publishing, printing, distribution, media, and financing businesses in China.

Vieworks

Market Cap: ₩182.6b

Develops, manufactures, and sells imaging systems and solutions.

Trajan Group Holdings

Market Cap: AU$106.8m

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.

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.

China Resources Land

Market Cap: HK$211.5b

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