Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

China Resources Land

Market Cap: HK$201.2b

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

Micro-Tech (Nanjing)Ltd

Market Cap: CN¥16.0b

Engages in the research, development, manufacturing, and sale of invasive medical devices in China and internationally.

Tsingtao Brewery

Market Cap: CN¥72.7b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Sichuan Baicha Baidao Industrial

Market Cap: HK$10.1b

An investment holding company, provides tea drink products in the People’s Republic of China.

Industrial Bank

Market Cap: CN¥404.6b

Provides banking products and services in the People’s Republic of China.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥10.2b

Provides chemical supply chain solutions worldwide.

Fosun International

Market Cap: HK$33.9b

Operates in the health, happiness, wealth, and intelligent manufacturing sectors in Mainland China, Portugal, and internationally.

Security Bank

Market Cap: ₱50.8b

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

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.

Future

Market Cap: JP¥174.0b

Provides IT consulting and services primarily in Japan.

Grand Pharmaceutical Group

Market Cap: HK$27.4b

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.

Horizon Construction Development

Market Cap: HK$3.4b

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

MEGA P&C Advanced Materials (Shanghai)

Market Cap: CN¥5.2b

Produces and sells solid content, water-based solvent free, and special function coating products in China.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥10.2b

Provides chemical supply chain solutions worldwide.

Srisawad Corporation

Market Cap: ฿41.4b

Provides financial services in Thailand and internationally.

IRB Infrastructure Developers

Market Cap: ₹239.9b

Engages in the infrastructure development business in India.

Nido Education

Market Cap: AU$121.5m

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

Shanghai Zhonggu Logistics

Market Cap: CN¥21.3b

Provides container shipping services in China.

Huaibei Mining HoldingsLtd

Market Cap: CN¥31.9b

Primarily engages in coal mining, washing, processing, sales, and production of coal chemical products in China.

MCNEX

Market Cap: ₩475.6b

Manufactures and sells camera modules in South Korea and internationally.

Bear Electric ApplianceLtd

Market Cap: CN¥7.0b

Engages in the research and development, design, production, and sale of small household appliances under Bear brand name in China and internationally.

Hu Lane Associate

Market Cap: NT$14.9b

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

C&D International Investment Group

Market Cap: HK$33.7b

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.

Shenzhen Transsion Holdings

Market Cap: CN¥73.4b

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

Greentown China Holdings

Market Cap: HK$24.6b

Engages in the development for sale of residential properties in the People’s Republic of China.

Ping An Bank

Market Cap: CN¥213.3b

Provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally.

Geely Automobile Holdings

Market Cap: CN¥183.2b

An investment holding company, operates as an automobile manufacturer primarily in the People’s Republic of China.

Inspur Digital Enterprise Technology

Market Cap: HK$6.4b

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.

Adairs

Market Cap: AU$315.7m

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

LX Semicon

Market Cap: ₩832.7b

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

Huaqin Technology

Market Cap: CN¥90.6b

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

China Construction Bank

Market Cap: HK$2.0t

Engages in the provision of various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally.

China Conch Venture Holdings

Market Cap: HK$18.3b

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

Indofood Sukses Makmur

Market Cap: Rp59.9t

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

Hansen Technologies

Market Cap: AU$1.1b

Engages in the development, integration, and support of billing and customer information systems.