Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

CapitaLand Malaysia Trust

Market Cap: RM 2.1b

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

Beijing New Building Materials

Market Cap: CN¥41.2b

Manufactures and sells building materials in China and internationally.

China Mengniu Dairy

Market Cap: HK$57.7b

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

Tenaga Nasional Berhad

Market Cap: RM 76.8b

Engages in the generation, transmission, distribution, and sale of electricity in Malaysia, the United Kingdom, Kuwait, the Republic of Ireland, Australia, and internationally.

Grand Pharmaceutical Group

Market Cap: HK$29.0b

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.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥11.8b

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.

IPH

Market Cap: AU$938.7m

Provides intellectual property (IP) services and products.

China Railway Group

Market Cap: CN¥128.9b

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

Centurion

Market Cap: S$1.1b

Owns, develops, and manages workers and student accommodation assets in Singapore, Malaysia, Australia, the United Kingdom, and internationally.

Sasseur Real Estate Investment Trust

Market Cap: S$853.8m

Invests in a portfolio of real estate and related assets.

China Pacific Insurance (Group)

Market Cap: CN¥320.6b

Provides insurance products to individual and institutional customers in the People’s Republic of China.

Carlsberg

Market Cap: US$106.7b

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

Huaqin Technology

Market Cap: CN¥87.0b

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

Indofood Sukses Makmur

Market Cap: Rp61.5t

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

Shanghai Zhonggu Logistics

Market Cap: CN¥21.9b

Provides container shipping services in China.

Chambal Fertilisers and Chemicals

Market Cap: ₹185.9b

Produces and sells fertilizers primarily in India.

Emaar Properties PJSC

Market Cap: د.إ118.0b

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

Anker Innovations

Market Cap: CN¥55.9b

Develops and sells mobile charging products.

Adairs

Market Cap: AU$321.9m

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

C&D International Investment Group

Market Cap: HK$36.4b

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.

Indorama Ventures

Market Cap: ฿94.9b

Manufactures and distributes petrochemical products in Thailand, the United States, Brazil, and internationally.

Apeloa PharmaceuticalLtd

Market Cap: CN¥17.7b

Provides raw materials and intermediates to various pharmaceutical factories in the People’s Republic of China and internationally.

Middle East Healthcare

Market Cap: ر.س3.9b

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

Jiang Zhong PharmaceuticalLtd

Market Cap: CN¥13.8b

Engages in the research and development, production, and sale of Chinese patent medicines and health foods in Mainland China.

Longfor Group Holdings

Market Cap: HK$69.8b

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.

Trajan Group Holdings

Market Cap: AU$99.2m

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

REC

Market Cap: ₹945.5b

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

Sinoma International EngineeringLtd

Market Cap: CN¥24.0b

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

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥9.2b

Provides chemical supply chain solutions worldwide.

Assetwise

Market Cap: ฿5.4b

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

Sansiri

Market Cap: ฿23.2b

Engages in the property development business in Thailand.

Yuan Long Ping High-Tech Agriculture

Market Cap: CN¥14.5b

Yuan Long Ping High-Tech Agriculture Co., Ltd.

AWC Berhad

Market Cap: RM 207.0m

An investment holding company, provides integrated facilities management and engineering services.

Guangdong Haid Group

Market Cap: CN¥95.6b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

National Medical Care

Market Cap: ر.س6.9b

National Medical Care Company establishes, owns, equips, manages, maintains, and operates healthcare facilities in the Kingdom of Saudi Arabia.