Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Carrefour

Market Cap: €12.6b

Engages in the operation of stores that offer food and non-food products in various formats and channels in France, Spain, Italy, Belgium, Poland, Romania, Brazil, and Argentina, as well as in the Middle East, Africa, and Asia.

China Foods

Market Cap: HK$7.8b

An investment holding company, manufactures, distributes, markets, and sells Coca-Cola series products in the People’s Republic of China.

GE HealthCare Technologies

Market Cap: €37.7b

Engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally.

CNGR Advanced MaterialLtd

Market Cap: CN¥34.4b

Engages in the research, development, processing, production, and sale of lithium battery cathode material precursors and new energy recycling materials in the fields of new materials and energy.

Ningbo Orient Wires & CablesLtd

Market Cap: CN¥33.5b

Provides land and subsea cable solutions in China and internationally.

Jiangsu Changshu Rural Commercial Bank

Market Cap: CN¥21.9b

Jiangsu Changshu Rural Commercial Bank Co., Ltd.

China Resources Power Holdings

Market Cap: HK$98.4b

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

Summerset Group Holdings

Market Cap: AU$2.7b

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

Beijing New Building Materials

Market Cap: CN¥51.0b

Manufactures and sells building materials in China and internationally.

Sinoma International EngineeringLtd

Market Cap: CN¥26.2b

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

CLIO CosmeticsLtd

Market Cap: ₩351.4b

Provides makeup products in South Korea and internationally.

Indorama Ventures

Market Cap: ฿119.6b

Engages in the manufacture and distribution of petrochemical products in Thailand and internationally.

Canara Bank

Market Cap: ₹778.6b

Provides various banking products and services in India and internationally.

WemadeLtd

Market Cap: ₩1.0t

Develops and publishes games in South Korea and internationally.

Innocean Worldwide

Market Cap: ₩750.0b

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

Beijing Urban Construction Investment & Development

Market Cap: CN¥10.2b

Beijing Urban Construction Investment & Development Co., Ltd.

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥40.4b

Manufactures and sells power distribution and utilization systems in China and internationally.

Huaibei Mining HoldingsLtd

Market Cap: CN¥37.0b

Primarily engages in coal mining, washing, processing, sales, and storage business in China.

IRB Infrastructure Developers

Market Cap: ₹277.1b

Engages in the infrastructure development business in India.

Cahya Mata Sarawak Berhad

Market Cap: RM 1.1b

An investment holding company, engages in the manufacture and trading of cement and construction materials, construction, road maintenance, township, and property and infrastructure development businesses in Malaysia and internationally.

Keppel Pacific Oak US REIT

Market Cap: US$235.0m

Keppel Pacific Oak US REIT (KORE) is a distinctive office REIT listed on the main board of the Singapore Exchange Securities Trading Limited (SGX-ST) on 9 November 2017.

Apeloa PharmaceuticalLtd

Market Cap: CN¥17.6b

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

Sinopharm Group

Market Cap: HK$61.3b

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

Metcash

Market Cap: AU$3.4b

Operates as a wholesale distribution and marketing company in Australia.

Incitec Pivot

Market Cap: AU$5.1b

Manufactures and distributes industrial explosives, industrial chemicals, and fertilizers in Australia and the United State.

Adaro Minerals Indonesia

Market Cap: Rp37.0t

Engages in metallurgical coal mining business in Indonesia.

REC

Market Cap: ₹1.1t

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

IPH

Market Cap: AU$1.2b

Provides intellectual property (IP) services and products.

Samsung C&T

Market Cap: ₩19.3t

Engages in the engineering and construction, trading and investment, fashion, and resort businesses in South Korea, Europe, the Middle East, Africa, the Asia Pacific, and the Americas.

Adairs

Market Cap: AU$386.9m

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

China Resources Land

Market Cap: HK$185.4b

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

Tong Yang Life Insurance

Market Cap: ₩812.5b

Engages in the life insurance business in South Korea.

CESC

Market Cap: ₹194.6b

An integrated electrical utility company, engages in the generation and distribution of electricity in India.

Security Bank

Market Cap: ₱53.5b

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

Fujian Funeng

Market Cap: CN¥25.5b

Engages in the production and sale of electricity and heat in China.