Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Metcash

Market Cap: AU$3.3b

Operates as a wholesale distribution and marketing company in Australia.

Shenzhen YHLO Biotech

Market Cap: CN¥8.2b

Researches, develops, produces, sells, and services in vitro diagnostic instruments and reagents in China and internationally.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp294.2t

Provides information and communications technology, and telecommunications network services worldwide.

LHN

Market Cap: S$243.6m

An investment holding company, engages in space optimization, property development, facilities management services, and energy businesses in Singapore, Hong Kong, Myanmar, Indonesia, and Cambodia.

Abu Dhabi Ports Company PJSC

Market Cap: د.إ20.1b

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.

Hansen Technologies

Market Cap: AU$1.0b

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

F&F

Market Cap: ₩2.4t

Manufactures and sells apparel and accessories in South Korea.

Miura

Market Cap: JP¥356.7b

Produces and sells boilers in Japan and internationally.

Cheil Worldwide

Market Cap: ₩2.1t

Provides various marketing and advertising solutions worldwide.

Hansen Technologies

Market Cap: AU$1.0b

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

Konica Minolta

Market Cap: JP¥251.1b

Engages in digital workplace, professional print, healthcare, and industry business in Japan, China, other Asian countries, the United States, Europe, and internationally.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥9.9b

Provides chemical supply chain solutions worldwide.

Aeris Resources

Market Cap: AU$532.7m

Explores, produces, and sells precious metals in Australia.

Sichuan Baicha Baidao Industrial

Market Cap: HK$8.1b

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

China Mobile

Market Cap: HK$1.8t

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

MCNEX

Market Cap: ₩389.5b

Manufactures and sells camera modules in South Korea and internationally.

Ping An Bank

Market Cap: CN¥212.1b

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

Tsingtao Brewery

Market Cap: CN¥73.1b

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

China Aviation Oil (Singapore)

Market Cap: S$1.8b

Trades in and supplies jet fuel to civil aviation industry worldwide.

China Mengniu Dairy

Market Cap: HK$62.5b

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

SILICON2

Market Cap: ₩2.2t

Engages in the distribution of cosmetics products worldwide.

Summerset Group Holdings

Market Cap: AU$2.5b

Develops, owns, and operates integrated retirement villages in New Zealand and Australia.

Nippon Paint Holdings

Market Cap: JP¥2.4t

Engages in the paints and fine chemicals businesses.

Xiamen C&D

Market Cap: CN¥27.4b

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

Anker Innovations

Market Cap: CN¥52.1b

Operates as a smart hardware technology company in China and internationally.

Converge Information and Communications Technology Solutions

Market Cap: ₱94.1b

Converge Information and Communications Technology Solutions, Inc.

Vietnam International Commercial Bank

Market Cap: ₫57.5t

Provides various banking products and services to organizations and individuals primarily in Vietnam.

Inspur Digital Enterprise Technology

Market Cap: HK$4.2b

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.

Morimatsu International Holdings

Market Cap: HK$10.9b

Designs, manufactures, installs, operates, and maintains core equipment, process systems, and solutions primarily for chemical reactions, biological reactions, and polymerization.

Monash IVF Group

Market Cap: AU$245.5m

Engages in the provision of assisted reproductive and specialist women imaging services in Australia and Malaysia.

Adairs

Market Cap: AU$267.8m

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

Grand Pharmaceutical Group

Market Cap: HK$25.0b

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.

China Railway Group

Market Cap: CN¥138.7b

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

NSL Foods

Market Cap: ฿6.9b

Engages in the manufacture and distribution of bakery and snack products in Thailand.

Japan Hotel REIT Investment

Market Cap: JP¥397.6b

Japan Hotel REIT Investment Corporation (JHR) was established under the Act on Investment Trusts and Investment Corporations (Act No.