Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

MEGA P&C Advanced Materials (Shanghai)

Market Cap: CN¥5.4b

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

Trajan Group Holdings

Market Cap: AU$67.1m

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.

CITIC

Market Cap: HK$332.8b

Operates in the financial services, advanced intelligent manufacturing, advanced materials, consumption, and urbanization businesses in the Mainland of China, Hong Kong, and internationally.

Inspur Digital Enterprise Technology

Market Cap: HK$3.9b

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.

Universal Store Holdings

Market Cap: AU$632.9m

Engages in the retail operations in the fashion market in Australia.

Tsingtao Brewery

Market Cap: CN¥72.6b

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

Ping An Bank

Market Cap: CN¥211.1b

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

China Mengniu Dairy

Market Cap: HK$63.2b

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.

Metcash

Market Cap: AU$3.2b

Operates as a wholesale distribution and marketing company in Australia.

China Railway Group

Market Cap: CN¥130.4b

Operates as a multi-functional integrated construction company in Mainland China and internationally.

Grand Pharmaceutical Group

Market Cap: HK$24.5b

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.

Aeon (M) Bhd

Market Cap: RM 1.5b

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

Stanmore Resources

Market Cap: AU$2.3b

Engages in the exploration, development, production, and sale of metallurgical coal in Australia.

Migros Ticaret

Market Cap: ₺105.7b

Engages in the retail sale of food and beverages, consumer, and durables goods in Turkey.

Fauji Cement

Market Cap: PK₨95.6b

Engages in the manufacturing and selling of various types of cement in Pakistan.

Tokai Carbon

Market Cap: JP¥196.1b

Manufactures and sells carbon-related products and services in Japan.

NCSOFT

Market Cap: ₩4.3t

Develops and publishes online games in Korea, Japan, Taiwan, the United States of America, Europe, and Canada.

Canara Bank

Market Cap: ₹1.2t

Provides various banking products and services in India and internationally.

Zhejiang Jiuzhou Pharmaceutical

Market Cap: CN¥14.4b

Operates as contract development and manufacturing organization (CDMO) company in China and internationally.

Tianjin Ringpu Bio-TechnologyLtd

Market Cap: CN¥8.6b

Engages in the research and development, production, and sale of veterinary raw materials, drug preparation, functional additives, and veterinary biological products.

LHN

Market Cap: S$250.0m

An investment holding company, engages in space optimization, property development, facilities management services, and energy businesses in Singapore, Hong Kong, Myanmar, Indonesia, and Cambodia.

ISOTeam

Market Cap: S$63.7m

Operates in the building maintenance and estate upgrading industry in Singapore.

REC

Market Cap: ₹877.9b

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

C&D International Investment Group

Market Cap: HK$30.0b

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.

Morimatsu International Holdings

Market Cap: HK$10.2b

Designs, manufactures, installs, operates, and maintains core equipment, process systems, and solutions primarily for chemical reactions, biological reactions, and polymerization.

Fosun International

Market Cap: HK$31.4b

Operates in the health, happiness, wealth, and intelligent manufacturing sectors in Mainland China, Portugal, and internationally.

Sinoma International EngineeringLtd

Market Cap: CN¥26.7b

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

Rohto PharmaceuticalLtd

Market Cap: JP¥533.6b

Manufactures and markets pharmaceutical products, cosmetics, and functional foods worldwide.

Innocean Worldwide

Market Cap: ₩782.8b

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

GWA Group

Market Cap: AU$568.8m

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

Sansiri

Market Cap: ฿24.3b

Engages in the property development business in Thailand.

IndiQube Spaces

Market Cap: ₹31.0b

Provides workplace solutions and value-added services in India.

Acrow

Market Cap: AU$269.5m

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

China Resources Land

Market Cap: HK$210.5b

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