Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

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.

lastminute.com

Market Cap: CHF 175.2m

Operates in the online travel industry providing dynamic holiday packages in Italy, Spain, the United Kingdom, France, Germany, and internationally.

Carlsberg

Market Cap: US$110.7b

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

Renault

Market Cap: €8.8b

Engages in the design, manufacture, sale, repair, maintenance, and leasing of motor vehicles in Europe, Eurasia, Africa, the Middle East, the Asia Pacific, and the Americas.

KH Neochem

Market Cap: JP¥98.2b

Researches, manufactures, and sells of petrochemical products in Japan and internationally.

CapitaLand Malaysia Trust

Market Cap: RM 2.0b

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.

Acrow

Market Cap: AU$312.6m

Provides smart integrated construction systems across formwork, industrial services, and commercial scaffolding in Australia.

Jiangsu Xinquan Automotive TrimLtd

Market Cap: CN¥22.6b

Designs, develops, manufactures, sells, and supplies auto parts in China.

Middle East Healthcare

Market Cap: ر.س5.3b

A healthcare provider, owns and operates a network of hospitals under the Saudi German Hospital name in the Middle East and North Africa.

Zhejiang Semir Garment

Market Cap: CN¥14.9b

Produces and sells casual apparels in China and internationally.

Beijing New Building Materials

Market Cap: CN¥45.3b

Manufactures and sells building materials in China and internationally.

ACC

Market Cap: ₹335.4b

Engages in the manufacture and sale of cement and ready-mix concrete in India.

Ningbo Deye Technology Group

Market Cap: CN¥47.5b

Engages in the production and sales of heat exchangers, inverters, and dehumidifiers in South Africa, Brazil, Hongkong, Germany, India, and internationally.

Proya CosmeticsLtd

Market Cap: CN¥32.5b

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

Jinzai Food GroupLtd

Market Cap: CN¥5.7b

Engages in the research, development, production, and sale of snack foods in China.

Proya CosmeticsLtd

Market Cap: CN¥32.5b

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

Hyosung TNC

Market Cap: ₩988.3b

Manufactures and sells fiber in South Korea and internationally.

Innocean Worldwide

Market Cap: ₩771.6b

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

Hu Lane Associate

Market Cap: NT$16.3b

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

Security Bank

Market Cap: ₱54.0b

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

Sinoma International EngineeringLtd

Market Cap: CN¥24.4b

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

China Mengniu Dairy

Market Cap: HK$63.6b

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

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥12.4b

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

Haidilao International Holding

Market Cap: HK$76.9b

An investment holding company, engages in the restaurant operation and delivery businesses.

Ganyuan Foods

Market Cap: CN¥5.3b

Engages in the research and development, production, and sale of snack foods in China.

SK

Market Cap: ₩10.4t

Engages in advanced materials, energy, life sciences and biopharmaceuticals, and digital businesses.

REC

Market Cap: ₹1.0t

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

LX Semicon

Market Cap: ₩896.2b

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

Vardhman Textiles

Market Cap: ₹112.9b

Manufactures, purchases, and sells textiles and fibres in India and internationally.

Geely Automobile Holdings

Market Cap: CN¥190.3b

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

Aeon (M) Bhd

Market Cap: RM 1.9b

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

Sinoma International EngineeringLtd

Market Cap: CN¥24.4b

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

Cheil Worldwide

Market Cap: ₩2.0t

Provides various marketing solutions worldwide.

Select Harvests

Market Cap: AU$535.7m

Engages in the growing, processing, packaging, and selling of almonds and its by-products in Australia.

Shenzhen Fuanna Bedding and FurnishingLtd

Market Cap: CN¥6.1b

Engages in the research and development, design, production, and sale of textile home furnishing, sleep home furnishing, and living products in China and internationally.