Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Huaqin Technology

Market Cap: CN¥89.3b

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

Carlsberg

Market Cap: US$108.3b

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

Shenzhen Transsion Holdings

Market Cap: CN¥74.9b

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

Middle East Healthcare

Market Cap: ر.س3.7b

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

Guangdong Mingyang ElectricLtd

Market Cap: CN¥13.0b

Engages in the research, development, production, and sale of high/low voltage switchgear, transformer, and power transmission and distribution equipment in China.

Apeloa PharmaceuticalLtd

Market Cap: CN¥18.5b

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

IRB Infrastructure Developers

Market Cap: ₹261.4b

Engages in the infrastructure development business in India.

China Resources Land

Market Cap: HK$218.2b

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

Innocean Worldwide

Market Cap: ₩731.6b

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

Bear Electric ApplianceLtd

Market Cap: CN¥6.9b

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

KH Neochem

Market Cap: JP¥84.5b

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

Sinoma International EngineeringLtd

Market Cap: CN¥24.9b

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

Jiang Zhong PharmaceuticalLtd

Market Cap: CN¥13.7b

Engages in the manufacture of pharmaceutical products in China.

LIG Nex1

Market Cap: ₩8.6t

A defense company, develops and manufactures weapon systems worldwide.

AWC Berhad

Market Cap: RM 200.2m

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

ISOTeam

Market Cap: S$62.7m

Operates in the building maintenance and estate upgrading industry in Singapore.

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥32.1b

Manufactures and sells power distribution in China and internationally.

Aeon (M) Bhd

Market Cap: RM 1.5b

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

Nido Education

Market Cap: AU$134.4m

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

Horizon Construction Development

Market Cap: HK$3.7b

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

Haidilao International Holding

Market Cap: HK$76.0b

An investment holding company, engages in the restaurant operation and delivery businesses in Mainland China, Hong Kong, Macau, and Taiwan.

China Pacific Insurance (Group)

Market Cap: CN¥314.6b

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

Micro-Tech (Nanjing)Ltd

Market Cap: CN¥14.5b

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

China Railway Group

Market Cap: CN¥126.4b

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

GWA Group

Market Cap: AU$645.5m

Research, designs, manufactures, imports, and markets building fixtures and fittings to residential and commercial premises in Australia, New Zealand, the United Kingdom, and internationally.

Adairs

Market Cap: AU$329.8m

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

Anker Innovations

Market Cap: CN¥57.0b

Develops and sells mobile charging products.

Sasseur Real Estate Investment Trust

Market Cap: S$860.1m

Invests in a portfolio of real estate and related assets.

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¥41.8b

Manufactures and sells building materials in China and internationally.

China Mengniu Dairy

Market Cap: HK$57.1b

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¥11.5b

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

China Pacific Insurance (Group)

Market Cap: CN¥314.6b

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

Hu Lane Associate

Market Cap: NT$15.3b

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

Jiangsu King's Luck Brewery Ltd

Market Cap: CN¥47.3b

Jiangsu King's Luck Brewery Joint-Stock Co.,Ltd.