Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Horizon Construction Development

Market Cap: HK$3.2b

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

NCSOFT

Market Cap: ₩4.1t

Develops and publishes online games in Korea, Japan, Taiwan, the United States of America, Europe, and Canada.

Bethel Automotive Safety Systems

Market Cap: CN¥31.2b

Develops, manufactures, and sells automotive chassis systems and advanced driving systems in China.

Sinoma International EngineeringLtd

Market Cap: CN¥27.8b

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

Industrial Bank

Market Cap: CN¥391.3b

Provides banking products and services in the People’s Republic of China.

Guangdong Haid Group

Market Cap: CN¥88.3b

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

China Tower

Market Cap: HK$192.5b

Provides telecommunication tower infrastructure services in the People's Republic of China.

Centurion

Market Cap: S$1.3b

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

Ping An Bank

Market Cap: CN¥211.7b

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

Jiangsu King's Luck Brewery Ltd

Market Cap: CN¥40.4b

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

Tokai Carbon

Market Cap: JP¥218.5b

Manufactures and sells carbon-related products and services in Japan.

Converge Information and Communications Technology Solutions

Market Cap: ₱105.0b

Converge Information and Communications Technology Solutions, Inc.

F&F

Market Cap: ₩2.6t

Manufactures and sells apparel and accessories in South Korea.

China Resources Land

Market Cap: HK$220.8b

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

Inspur Digital Enterprise Technology

Market Cap: HK$4.9b

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.

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥33.9b

Manufactures and sells power distribution in China and internationally.

Sinoma International EngineeringLtd

Market Cap: CN¥27.8b

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

REC

Market Cap: ₹913.5b

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

Miura

Market Cap: JP¥355.6b

Produces and sells boilers in Japan and internationally.

Huaibei Mining HoldingsLtd

Market Cap: CN¥35.2b

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

Micro-Tech (Nanjing)Ltd

Market Cap: CN¥14.8b

Engages in the research, development, manufacturing, and sale of invasive medical devices in China and internationally.

China Mengniu Dairy

Market Cap: HK$65.4b

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

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥224.7b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

ARN Media

Market Cap: AU$109.6m

Operates as a media and entertainment company in Australia and Hong Kong.

Chongqing Baiya Sanitary Products

Market Cap: CN¥9.2b

Chongqing Baiya Sanitary Products Co., Ltd.

Trajan Group Holdings

Market Cap: AU$98.4m

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.

Indofood Sukses Makmur

Market Cap: Rp58.6t

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

Hansen Technologies

Market Cap: AU$902.7m

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

Huali Industrial Group

Market Cap: CN¥56.4b

Engages in the design, development, production, and sale of sports shoes in China and internationally.

Grand Pharmaceutical Group

Market Cap: HK$26.5b

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.

DUG Technology

Market Cap: AU$237.0m

A technology company, provides hardware and software solutions for the technology and resource sectors in Australia, the United States, the United Kingdom, Malaysia, and the United Arab Emirates.

Beijing New Building Materials

Market Cap: CN¥46.0b

Manufactures and sells building materials in China and internationally.

Geely Automobile Holdings

Market Cap: CN¥183.6b

An investment holding company, operates as an automobile manufacturer primarily in the People’s Republic of China.

Jinzai Food GroupLtd

Market Cap: CN¥5.0b

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

MCNEX

Market Cap: ₩474.4b

Manufactures and sells camera modules in South Korea and internationally.