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.

Longfor Group Holdings

Market Cap: HK$69.2b

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.

Micro-Tech (Nanjing)Ltd

Market Cap: CN¥12.3b

Researches, develops, manufactures, and sells minimally invasive medical devices to hospitals and clinics worldwide.

Acrow

Market Cap: AU$303.3m

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

Ganyuan Foods

Market Cap: CN¥5.5b

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

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.6b

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.

ANE (Cayman)

Market Cap: HK$9.1b

An investment holding company operates an express freight network in the less-than-truckload (LTL) market in China.

Proya CosmeticsLtd

Market Cap: CN¥32.2b

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

Beijing New Building Materials

Market Cap: CN¥44.6b

Manufactures and sells building materials in China and internationally.

Trajan Group Holdings

Market Cap: AU$109.7m

Develops, manufactures, sells, and distributes analytical and life science products and devices in Australia, New Zealand, Malaysia, Japan, the United States, Europe, the Middle East, Africa, and India.

REC

Market Cap: ₹1.1t

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

ACC

Market Cap: ₹349.4b

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

IRB Infrastructure Developers

Market Cap: ₹297.7b

Engages in the infrastructure development business in India.

Abu Dhabi Ports Company PJSC

Market Cap: د.إ19.0b

Operates in the ports, economic cities and free zones, logistics, maritime, and digital businesses in the United Arab Emirates, rest of the Middle East, Europe, the United States, Asia, and Africa.

Hualan Biological Engineering

Market Cap: CN¥28.9b

A biopharmaceutical company, researches, develops, produces, and commercializes blood products, vaccines, and recombinant proteins in China and internationally.

Middle East Healthcare

Market Cap: ر.س4.9b

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

MC Group

Market Cap: ฿7.7b

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

Jonjee Hi-Tech Industrial and Commercial HoldingLtd

Market Cap: CN¥14.8b

Produces and sells seasoning products in China and internationally.

Jiangsu Xinquan Automotive TrimLtd

Market Cap: CN¥22.3b

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

Sunshine Insurance Group

Market Cap: HK$39.1b

Provides various insurance products and related services in the People’s Republic of China.

IPH

Market Cap: AU$1.2b

Provides intellectual property (IP) services and products.

Adaro Minerals Indonesia

Market Cap: Rp41.3t

Engages in metallurgical coal mining business in Indonesia.

Tsingtao Brewery

Market Cap: HK$87.2b

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

Shenzhen Transsion Holdings

Market Cap: CN¥86.6b

Manufactures and sells smart devices in Africa and internationally.

China National Building Material

Market Cap: HK$27.3b

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

China Resources Land

Market Cap: HK$200.7b

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

Luxi Chemical Group

Market Cap: CN¥20.2b

Manufactures and sells chemical and fertilizer products.

Shandong Yisheng Livestock & Poultry Breeding

Market Cap: CN¥8.9b

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd.

Sinoma International EngineeringLtd

Market Cap: CN¥23.0b

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

ShenZhen YUTO Packaging Technology

Market Cap: CN¥21.0b

ShenZhen YUTO Packaging Technology Co., Ltd.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥11.8b

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

Xiamen C&D

Market Cap: CN¥29.2b

Engages in the supply chain and real estate development businesses in China and internationally.

Singulus Technologies

Market Cap: €17.7m

Develops and assembles machines and systems for thin-film coating and surface treatment processes worldwide.

Lindblad Expeditions Holdings

Market Cap: US$605.6m

Provides marine expedition adventures and travel experience worldwide.

Bristol-Myers Squibb

Market Cap: €99.0b

Bristol-Myers Squibb Company discovers, develops, licenses, manufactures, markets, distributes, and sells biopharmaceutical products worldwide.