Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Huaibei Mining HoldingsLtd

Market Cap: CN¥33.4b

Primarily engages in coal mining, washing, processing, sales, and production of coal chemical products in China.

China Railway Group

Market Cap: CN¥127.4b

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

Tenaga Nasional Berhad

Market Cap: RM 77.8b

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

Sinopharm Group

Market Cap: HK$56.7b

Engages in the wholesale and retail of pharmaceutical and healthcare products, and medical devices in the People’s Republic of China.

Bank of China

Market Cap: HK$1.7t

Provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally.

Security Bank

Market Cap: ₱52.9b

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

Micro-Star International

Market Cap: NT$96.3b

Engages in the manufacture and sale of motherboards, interface cards, notebook computers, and other electronic products in Asia, Europe, the United States, and internationally.

CapitaLand Malaysia Trust

Market Cap: RM 2.1b

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.

Cheil Worldwide

Market Cap: ₩2.1t

Provides various marketing solutions worldwide.

Aurora Design

Market Cap: ฿18.9b

Trades gold jewelry in Thailand.

Jiangsu Changshu Rural Commercial Bank

Market Cap: CN¥23.0b

Jiangsu Changshu Rural Commercial Bank Co., Ltd.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥8.7b

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

Inspur Digital Enterprise Technology

Market Cap: HK$10.5b

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.

Emaar Properties PJSC

Market Cap: د.إ117.6b

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

China Resources Power Holdings

Market Cap: HK$90.8b

An investment holding company, invests in, develops, operates, and manages power plants and coal mines in the People’s Republic of China.

Jinzai Food GroupLtd

Market Cap: CN¥5.4b

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

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥8.7b

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

Worley

Market Cap: AU$7.2b

Provides professional services to the energy, chemicals, and resources sectors in the Americas, Europe, the Middle East, Africa, Australia, the Asia Pacific, and China.

China Resources Land

Market Cap: HK$211.2b

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

China Construction Bank

Market Cap: HK$2.0t

Engages in the provision of various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally.

China Overseas Property Holdings

Market Cap: HK$16.2b

An investment holding company, provides property management services in Hong Kong, Macau, and Mainland China.

Innocean Worldwide

Market Cap: ₩729.6b

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

REC

Market Cap: ₹967.4b

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

Ping An Bank

Market Cap: CN¥221.2b

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

LX Semicon

Market Cap: ₩891.3b

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

Carlsberg

Market Cap: US$103.5b

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

Jiangsu Changshu Rural Commercial Bank

Market Cap: CN¥23.0b

Jiangsu Changshu Rural Commercial Bank Co., Ltd.

Sasseur Real Estate Investment Trust

Market Cap: S$866.4m

Invests in a portfolio of real estate and related assets.

C&D International Investment Group

Market Cap: HK$39.1b

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.

Jiangsu King's Luck Brewery Ltd

Market Cap: CN¥48.7b

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

Hyosung TNC

Market Cap: ₩925.7b

Manufactures and sells fiber in South Korea and internationally.

Shanghai Yuyuan Tourist Mart (Group)

Market Cap: CN¥22.4b

Shanghai Yuyuan Tourist Mart (Group) Co., Ltd.

KWS SAAT SE KGaA

Market Cap: €2.1b

KWS SAAT SE & Co. KGaA breeds, produces, and distributes seeds for agriculture.

Kemira Oyj

Market Cap: €2.9b

Operates as a chemicals company in Finland, rest of Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

ACT Energy Technologies

Market Cap: CA$165.9m

Provides directional drilling services to oil and natural gas companies in Canada and the United States.