Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥9.2b

Provides chemical supply chain solutions worldwide.

Hyosung TNC

Market Cap: ₩876.1b

Manufactures and sells fiber in South Korea and internationally.

Hu Lane Associate

Market Cap: NT$16.5b

Engages in manufacture and sale of terminal devices, terminal crimping, industrial rubber, and plastic products in Taiwan.

China Pacific Insurance (Group)

Market Cap: CN¥324.3b

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

Indofood Sukses Makmur

Market Cap: Rp61.7t

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

F&F

Market Cap: ₩2.3t

Manufactures and sells sewn wearing apparels in South Korea.

Hoa Phat Group

Market Cap: ₫200.3t

Produces and sells steel products in Vietnam.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥9.2b

Provides chemical supply chain solutions worldwide.

Indorama Ventures

Market Cap: ฿101.1b

Manufactures and distributes petrochemical products in Thailand, the United States, Brazil, 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.

China Resources Land

Market Cap: HK$201.4b

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

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.

Trajan Group Holdings

Market Cap: AU$109.8m

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.

Micro-Star International

Market Cap: NT$90.0b

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

Jiang Zhong PharmaceuticalLtd

Market Cap: CN¥13.3b

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

Sinoma International EngineeringLtd

Market Cap: CN¥24.9b

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

Assetwise

Market Cap: ฿5.6b

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

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: ฿40.3b

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

BOC Aviation

Market Cap: HK$48.0b

Operates as an aircraft operating leasing company in Mainland China, Hong Kong, Macau, Taiwan, rest of the Asia Pacific, the Americas, Europe, the Middle East, and Africa.

MC Group

Market Cap: ฿8.6b

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

China Pacific Insurance (Group)

Market Cap: CN¥324.3b

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

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥11.9b

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

Chambal Fertilisers and Chemicals

Market Cap: ₹194.2b

Produces and sells fertilizers primarily in India.

NetEase Cloud Music

Market Cap: HK$49.0b

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.

Centurion

Market Cap: S$1.2b

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

Sasseur Real Estate Investment Trust

Market Cap: S$879.1m

Invests in a portfolio of real estate and related assets.

Inspur Digital Enterprise Technology

Market Cap: HK$9.3b

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.

Chongqing Baiya Sanitary Products

Market Cap: CN¥9.6b

Chongqing Baiya Sanitary Products Co., Ltd.

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.

Binggrae

Market Cap: ₩657.8b

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

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.

Raydium Semiconductor

Market Cap: NT$18.1b

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.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥249.6b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

WemadeLtd

Market Cap: ₩892.6b

Develops and publishes games in South Korea and internationally.