Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Carrefour

Market Cap: €12.6b

Engages in the operation of stores that offer food and non-food products in various formats and channels in France, Spain, Italy, Belgium, Poland, Romania, Brazil, and Argentina, as well as in the Middle East, Africa, and Asia.

China Foods

Market Cap: HK$7.8b

An investment holding company, manufactures, distributes, markets, and sells Coca-Cola series products in the People’s Republic of China.

IPH

Market Cap: AU$1.2b

Provides intellectual property (IP) services and products.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp236.8t

Provides information and communications technology, and telecommunications network services worldwide.

CapitaLand Malaysia Trust

Market Cap: RM 1.9b

CapitaLand Malaysia Trust (CLMT) is a real estate investment trust (REIT) and was listed on the Main Market of Bursa Malaysia Securities Berhad on 16 July 2010.

Samsung C&T

Market Cap: ₩19.3t

Engages in the engineering and construction, trading and investment, fashion, and resort businesses in South Korea, Europe, the Middle East, Africa, the Asia Pacific, and the Americas.

Inner Mongolia MengDian HuaNeng Thermal Power

Market Cap: CN¥25.8b

Engages in thermal power generation business.

Sime Darby Berhad

Market Cap: RM 13.4b

An investment holding company, operates in the industrial, motors, and other businesses in Malaysia, China, Australia, and internationally.

TECON BIOLOGYLTD

Market Cap: CN¥8.6b

Engages in the provision of animal health care, feed, pig breeding, agricultural product processing and trade, and financial services in China and internationally.

Ningbo Orient Wires & CablesLtd

Market Cap: CN¥33.5b

Provides land and subsea cable solutions in China and internationally.

China Resources Power Holdings

Market Cap: HK$98.4b

An investment holding company, invests in, develops, operates, and manages power plants and coal mines in the People’s Republic of China.

Beijing New Building Materials

Market Cap: CN¥51.0b

Manufactures and sells building materials in China and internationally.

Summerset Group Holdings

Market Cap: AU$2.7b

Develops, owns, and operates integrated retirement villages in New Zealand and Australia.

Indorama Ventures

Market Cap: ฿119.6b

Engages in the manufacture and distribution of petrochemical products in Thailand and internationally.

Canara Bank

Market Cap: ₹778.6b

Provides various banking products and services in India and internationally.

Innocean Worldwide

Market Cap: ₩750.0b

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

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥40.4b

Manufactures and sells power distribution and utilization systems in China and internationally.

WemadeLtd

Market Cap: ₩1.0t

Develops and publishes games in South Korea and internationally.

Santos

Market Cap: AU$20.9b

Explores, develops, produces, transports, and markets hydrocarbons in Australia and Papua New Guinea.

Bank CIMB Niaga

Market Cap: Rp40.9t

Provides various banking products and services in Indonesia and internationally.

Adairs

Market Cap: AU$386.9m

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

Jiangsu Changshu Rural Commercial Bank

Market Cap: CN¥21.9b

Jiangsu Changshu Rural Commercial Bank Co., Ltd.

CNGR Advanced MaterialLtd

Market Cap: CN¥34.4b

Engages in the research, development, processing, production, and sale of lithium battery cathode material precursors and new energy recycling materials in the fields of new materials and energy.

Sinoma International EngineeringLtd

Market Cap: CN¥26.2b

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

MC Group

Market Cap: ฿7.9b

Manufactures, distributes, and retails apparel, accessories, and lifestyle products in Thailand.

Fujian Funeng

Market Cap: CN¥25.5b

Engages in the production and sale of electricity and heat in China.

Beijing Urban Construction Investment & Development

Market Cap: CN¥10.2b

Beijing Urban Construction Investment & Development Co., Ltd.

CLIO CosmeticsLtd

Market Cap: ₩351.4b

Provides makeup products in South Korea and internationally.

REC

Market Cap: ₹1.1t

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

F&F

Market Cap: ₩2.5t

Manufactures and sells sewn wearing apparels in South Korea.

DFI Retail Group Holdings

Market Cap: US$3.0b

Operates as a retailer in Asia.

China Resources Land

Market Cap: HK$185.4b

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

Tong Yang Life Insurance

Market Cap: ₩812.5b

Engages in the life insurance business in South Korea.

CESC

Market Cap: ₹194.6b

An integrated electrical utility company, engages in the generation and distribution of electricity in India.

Security Bank

Market Cap: ₱53.5b

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