Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

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.

Sansiri

Market Cap: ฿24.6b

Engages in the property development business in Thailand.

Haidilao International Holding

Market Cap: HK$72.7b

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

China Railway Group

Market Cap: CN¥132.9b

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

Centurion

Market Cap: S$1.2b

Owns, develops, and manages workers and student accommodation assets in Singapore, Malaysia, Australia, the United Kingdom, and internationally.

Guangdong Haid Group

Market Cap: CN¥93.9b

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

Assetwise

Market Cap: ฿5.6b

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

Proya CosmeticsLtd

Market Cap: CN¥30.2b

A beauty and personal care company, researches, develops, produces, and sells cosmetics in China.

Inspur Digital Enterprise Technology

Market Cap: HK$9.1b

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.

Sasseur Real Estate Investment Trust

Market Cap: S$879.1m

Invests in a portfolio of real estate and related assets.

IPH

Market Cap: AU$972.7m

Provides intellectual property (IP) services and products.

China Overseas Property Holdings

Market Cap: HK$16.1b

An investment holding company, provides property management services in Hong Kong, Macau, and Mainland China.

Jiang Zhong PharmaceuticalLtd

Market Cap: CN¥13.4b

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

C&D International Investment Group

Market Cap: HK$37.3b

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.

Apeejay Surrendra Park Hotels

Market Cap: ₹31.6b

Owns and operates hotels in India.

Aurelia Metals

Market Cap: AU$389.3m

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

Grand Pharmaceutical Group

Market Cap: HK$28.5b

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 1.8b

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

Monash IVF Group

Market Cap: AU$270.8m

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

Bangchak Corporation

Market Cap: ฿41.0b

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

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.

Chambal Fertilisers and Chemicals

Market Cap: ₹195.3b

Produces and sells fertilizers primarily in India.

China Conch Venture Holdings

Market Cap: HK$17.6b

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

Micro-Tech (Nanjing)Ltd

Market Cap: CN¥15.2b

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

Trajan Group Holdings

Market Cap: AU$122.0m

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.

Kardemir Karabük Demir Çelik Sanayi Ve Ticaret

Market Cap: ₺32.0b

Kardemir Karabük Demir Çelik Sanayi ve Ticaret A.S.

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.

Indofood Sukses Makmur

Market Cap: Rp65.9t

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

China Mengniu Dairy

Market Cap: HK$55.9b

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

Shenzhen Transsion Holdings

Market Cap: CN¥86.4b

Provides smart devices and mobile services in Africa, South and Southeast Asia, the Middle East, Latin America, and internationally.

Anhui Conch Cement

Market Cap: CN¥121.1b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

Tenaga Nasional Berhad

Market Cap: RM 77.1b

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

China Resources Land

Market Cap: HK$207.1b

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

REC

Market Cap: ₹971.5b

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