Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Zijin Gold International

Market Cap: €282.6b

An investment holding company, engages in the exploration, mining, processing, smelting, refining, and sale of gold and other non-ferrous metals.

Viva Energy Group

Market Cap: AU$3.7b

Operates as an energy company in Australia, Singapore, and Papua New Guinea.

Jiangsu King's Luck Brewery Ltd

Market Cap: CN¥31.2b

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

China Hongqiao Group

Market Cap: HK$264.7b

An investment holding company, manufactures and sells aluminum products in the People's Republic of China, India, Europe, Malaysia, North America, the rest of Southeast Asia, and internationally.

China Tower

Market Cap: HK$169.9b

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

Lion

Market Cap: JP¥462.4b

Manufactures and sells consumer and industrial products in Japan and internationally.

Assetwise

Market Cap: ฿6.2b

Engages in property development and other real estate activities in Thailand.

Industrial Bank

Market Cap: CN¥393.8b

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

Otsuka Holdings

Market Cap: JP¥5.4t

Engages in the pharmaceuticals, nutraceuticals, consumer products, and other businesses worldwide.

Ingenia Communities Group

Market Cap: AU$1.7b

A leading operator, owner and developer of communities offering quality affordable rental and holiday accommodation focused on the growing seniors’ market in Australia.

Hansen Technologies

Market Cap: AU$928.7m

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

Fosun International

Market Cap: HK$32.1b

Operates in the health, happiness, wealth, and intelligent manufacturing sectors in Mainland China, Portugal, and internationally.

First Resources

Market Cap: S$4.4b

An investment holding company, engages in the palm oil production activities in Singapore, Indonesia, China, Malaysia, and internationally.

Xtep International Holdings

Market Cap: HK$12.0b

Designs, develops, manufactures, markets, and sells footwear, apparel, and accessories for adults and children in Mainland China.

China Aviation Oil (Singapore)

Market Cap: S$1.6b

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

Adairs

Market Cap: AU$227.7m

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

Bank BTPN Syariah

Market Cap: Rp7.4t

Operates as a sharia commercial bank providing a comprehensive range of banking products and services in Indonesia.

Beijing New Building Materials

Market Cap: CN¥35.9b

Manufactures and sells building materials in China.

Centurion

Market Cap: S$1.2b

Owns, manages, and operates purpose-built accommodation assets in Singapore, Malaysia, Australia, the United Kingdom, and internationally.

Chemplast Sanmar

Market Cap: ₹32.1b

Engages in manufacturing and selling of specialty chemicals in India.

Military Commercial Bank

Market Cap: ₫200.2t

Provides banking products and services in Vietnam.

WH Group

Market Cap: HK$113.2b

An investment holding company, produces and sells packaged meats, pork, and hogs in China, North America, and Europe.

Bank CIMB Niaga

Market Cap: Rp39.0t

Provides various banking products and services in Indonesia and internationally.

Avia Avian

Market Cap: Rp18.3t

Manufactures and distributes paints and building materials in Indonesia.

Sinopharm Group

Market Cap: HK$53.1b

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

Genscript Biotech

Market Cap: HK$28.5b

An investment holding company, engages in the manufacture and sale of life science research products and services in the United States of America, Europe, Mainland China, Europe, Asia Pacific, and internationally.

Ansell

Market Cap: AU$4.1b

Designs, sources, develops, manufactures, distributes, and sells hand and body protection solutions in the Asia Pacific, Europe, the Middle East, Africa, Latin America, the Caribbean, and North America.

Chongqing Baiya Sanitary Products

Market Cap: CN¥6.7b

Chongqing Baiya Sanitary Products Co., Ltd.

LHN

Market Cap: S$254.8m

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

Bank Mandiri (Persero)

Market Cap: Rp391.6t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Malaysia, Hong Kong, Timor Leste, Shanghai, England, and the Cayman Islands.

Guangdong Haid Group

Market Cap: CN¥74.5b

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

Sudarshan Chemical Industries

Market Cap: ₹69.5b

Manufactures and sells organic, inorganic, effect pigments, and dispersions in India and internationally.

China Hongqiao Group

Market Cap: HK$264.7b

An investment holding company, manufactures and sells aluminum products in the People's Republic of China, India, Europe, Malaysia, North America, the rest of Southeast Asia, and internationally.

Hwaseung Enterprise

Market Cap: ₩225.1b

Manufactures and sells shoes.

Cosmax

Market Cap: ₩1.9t

Researches, develops, produces, and manufactures cosmetic and health function food products in Korea and internationally.