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$107.8b

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

Beijing Urban Construction Investment & Development

Market Cap: CN¥10.2b

Beijing Urban Construction Investment & Development Co., Ltd.

Innocean Worldwide

Market Cap: ₩677.2b

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

IPH

Market Cap: AU$967.5m

Provides intellectual property (IP) services and products.

Guangdong Haid Group

Market Cap: CN¥95.7b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥12.0b

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

China Mengniu Dairy

Market Cap: HK$55.0b

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

Security Bank

Market Cap: ₱53.1b

Provides banking and financial products and services to wholesale and retail clients in the Philippines.

Horizon Construction Development

Market Cap: HK$3.7b

Operates as an investment holding company that provides equipment operation services in the People's Republic of China.

China Railway Group

Market Cap: CN¥130.7b

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

Nido Education

Market Cap: AU$140.1m

Owns, operates, and manages long day early childhood education and care centres under the Nido Early School brand in Australia.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥11.9b

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.

Sinoma International EngineeringLtd

Market Cap: CN¥24.4b

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

Micro-Star International

Market Cap: NT$87.4b

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

National Medical Care

Market Cap: ر.س7.1b

National Medical Care Company establishes, owns, equips, manages, maintains, and operates healthcare facilities in the Kingdom of Saudi Arabia.

Bear Electric ApplianceLtd

Market Cap: CN¥7.0b

Engages in the research, design, production, and sale of small household appliances in China and internationally.

Bangchak Corporation

Market Cap: ฿39.6b

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

Longfor Group Holdings

Market Cap: HK$66.8b

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.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥12.0b

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

E7 Group PJSC

Market Cap: د.إ2.1b

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

KH Neochem

Market Cap: JP¥88.6b

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

Aeon (M) Bhd

Market Cap: RM 1.7b

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

Stanmore Resources

Market Cap: AU$1.9b

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

Chongqing Baiya Sanitary Products

Market Cap: CN¥9.5b

Chongqing Baiya Sanitary Products Co., Ltd.

Haidilao International Holding

Market Cap: HK$71.3b

An investment holding company, engages in the restaurant operation and delivery businesses in Mainland China, Hong Kong, Macau, and Taiwan.

Inspur Digital Enterprise Technology

Market Cap: HK$9.0b

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.

China Pacific Insurance (Group)

Market Cap: CN¥319.9b

Provides insurance products to individual and institutional customers in the People’s Republic of China.

Yuan Long Ping High-Tech Agriculture

Market Cap: CN¥14.4b

Yuan Long Ping High-Tech Agriculture Co., Ltd.

MC Group

Market Cap: ฿8.5b

Engages in the manufacture and distribution management of clothing and accessories in Thailand.

Bethel Automotive Safety Systems

Market Cap: CN¥29.1b

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

LX Semicon

Market Cap: ₩845.7b

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

China Resources Land

Market Cap: HK$197.7b

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

Sanwa Holdings

Market Cap: JP¥848.8b

Through its subsidiaries, manufactures and sells construction materials for commercial and residential buildings in Japan, North America, Europe, and Asia.

Assetwise

Market Cap: ฿5.5b

Engages in property development and other real estate activities in Thailand.

Middle East Healthcare

Market Cap: ر.س4.2b

A healthcare provider, owns and operates a network of hospitals under the Saudi German Hospital name in the Middle East and North Africa.