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$112.4b

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

Fortune Brands Innovations

Market Cap: US$6.1b

Engages in the provision of home and security products for residential home repair, remodeling, new construction, and security applications in the United States and internationally.

China Railway Group

Market Cap: CN¥125.1b

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

Military Commercial Bank

Market Cap: ₫202.2t

Provides banking products and services.

Aeon (M) Bhd

Market Cap: RM 1.5b

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

Anhui Expressway

Market Cap: CN¥23.3b

Engages in the construction, operation, management, and development of the toll roads and associated service sections in the People's Republic of China.

WemadeLtd

Market Cap: ₩862.0b

Develops and publishes games in South Korea and internationally.

Binggrae

Market Cap: ₩678.2b

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

Hangzhou Binjiang Real Estate GroupLtd

Market Cap: CN¥30.7b

Provides real estate development services in China.

ISOTeam

Market Cap: S$59.5m

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

China National Building Material

Market Cap: HK$38.9b

An investment holding company, engages in building material, new materials, and engineering technical services businesses.

Vieworks

Market Cap: ₩180.3b

Develops, manufactures, and sells imaging systems and solutions.

China Resources Land

Market Cap: HK$199.0b

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

Longfor Group Holdings

Market Cap: HK$61.8b

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.

Emaar Properties PJSC

Market Cap: د.إ126.4b

Engages in the property investment, development, and development management business in the United Arab Emirates and internationally.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥11.4b

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.

Huaqin Technology

Market Cap: CN¥93.5b

Engages in the development, manufacturing, and operation service of software, hardware, systems for tech companies worldwide.

JVM

Market Cap: ₩302.3b

Develops and sells automation systems and software of dispensing, packaging, and medication management for hospitals and pharmacies worldwide.

Chambal Fertilisers and Chemicals

Market Cap: ₹187.9b

Produces and sells fertilizers primarily in India.

Hu Lane Associate

Market Cap: NT$15.1b

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

Sinoma International EngineeringLtd

Market Cap: CN¥26.9b

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

Beijing New Building Materials

Market Cap: CN¥42.1b

Manufactures and sells building materials in China and internationally.

China Mobile

Market Cap: HK$1.8t

Provides telecommunications and information related services in Mainland China and Hong Kong.

IRB Infrastructure Developers

Market Cap: ₹257.7b

Engages in the infrastructure development business in India.

Sasseur Real Estate Investment Trust

Market Cap: S$853.8m

Invests in a portfolio of real estate and related assets.

Beijing Urban Construction Investment & Development

Market Cap: CN¥9.2b

Beijing Urban Construction Investment & Development Co., Ltd.

China Mengniu Dairy

Market Cap: HK$59.6b

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: ₱48.4b

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

Assetwise

Market Cap: ฿5.4b

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

Indofood Sukses Makmur

Market Cap: Rp59.7t

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

Sansiri

Market Cap: ฿23.7b

Engages in the property development business in Thailand.

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥32.5b

Manufactures and sells power distribution in China and internationally.

MCNEX

Market Cap: ₩446.4b

Manufactures and sells camera modules in South Korea and internationally.

Horizon Construction Development

Market Cap: HK$3.5b

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

Inspur Digital Enterprise Technology

Market Cap: HK$8.2b

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.