Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Carlsberg

Market Cap: US$111.3b

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

Sangoma Technologies

Market Cap: US$251.0m

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

FDJ United

Market Cap: €4.5b

Engages in the gaming operation and distribution business in France and internationally.

BYD Electronic (International)

Market Cap: US$79.5b

An investment holding company, primarily engages in the design, manufacture, assembly, and sale of mobile handset components, modules, and other products in the People’s Republic of China and internationally.

NetEase Cloud Music

Market Cap: HK$44.3b

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.

China Resources Land

Market Cap: HK$217.5b

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

MEGA P&C Advanced Materials (Shanghai)

Market Cap: CN¥5.1b

Produces and sells solid content, water-based solvent free, and special function coating products in China.

Apeloa PharmaceuticalLtd

Market Cap: CN¥18.1b

Provides raw materials and intermediates to various pharmaceutical factories in the People’s Republic of China and internationally.

Emaar Properties PJSC

Market Cap: د.إ122.0b

Engages in the property investment, development, and development management business in the United Arab Emirates and internationally.

Adairs

Market Cap: AU$331.6m

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

Innocean Worldwide

Market Cap: ₩720.4b

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

Sinoma International EngineeringLtd

Market Cap: CN¥24.8b

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

Jiang Zhong PharmaceuticalLtd

Market Cap: CN¥13.8b

Engages in the research and development, production, and sale of Chinese patent medicines and health foods in Mainland China.

E7 Group PJSC

Market Cap: د.إ2.1b

Engages in commercial printing, packaging, and distribution business in the United Arab Emirates.

Sinoma International EngineeringLtd

Market Cap: CN¥24.8b

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

Binggrae

Market Cap: ₩665.8b

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

Seojin SystemLtd

Market Cap: ₩1.3t

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

Select Harvests

Market Cap: AU$507.3m

Engages in the growing, processing, packaging, and selling of almonds and its by-products in Australia.

Aeris Resources

Market Cap: AU$517.1m

Explores, produces, and sells precious metals in Australia.

Cheerwin Group

Market Cap: HK$3.0b

An investment holding company, manufactures and trades household insecticides and repellents, household cleaning, air care, personal care, pet stores and pet products, and other products in the People’s Republic of China.

KH Neochem

Market Cap: JP¥84.4b

Researches, manufactures, and sells of petrochemical products in Japan and internationally.

Beijing New Building Materials

Market Cap: CN¥41.9b

Manufactures and sells building materials in China and internationally.

Aurelia Metals

Market Cap: AU$389.3m

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

DUG Technology

Market Cap: AU$274.2m

A technology company, provides hardware and software solutions for the technology and resource sectors in Australia, the United States, the United Kingdom, Malaysia, and the United Arab Emirates.

GWA Group

Market Cap: AU$625.4m

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

LX Semicon

Market Cap: ₩827.9b

Operates as a semiconductor company in South Korea, China, Vietnam, Taiwan, Japan, and internationally.

Aeon (M) Bhd

Market Cap: RM 1.7b

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

Acrow

Market Cap: AU$327.8m

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

Anker Innovations

Market Cap: CN¥57.7b

Develops and sells mobile charging products.

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.

Micro-Tech (Nanjing)Ltd

Market Cap: CN¥15.7b

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

Tenaga Nasional Berhad

Market Cap: RM 78.2b

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

Raydium Semiconductor

Market Cap: NT$16.8b

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.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥9.5b

Provides chemical supply chain solutions worldwide.

AWC Berhad

Market Cap: RM 212.1m

An investment holding company, provides integrated facilities management and engineering services.