Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

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.

Anheuser-Busch InBev

Market Cap: €104.3b

Produces, distributes, exports, markets, and sells beer in North America, Middle Americas, South America, Europe, the Middle East, Africa, and the Asia Pacific.

Axalta Coating Systems

Market Cap: US$6.7b

Through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

Bangchak Corporation

Market Cap: ฿45.1b

Engages in the refining and marketing of petroleum products in Thailand, Singapore, Norway, Korea, Laos, and internationally.

Zhejiang Semir Garment

Market Cap: CN¥15.1b

Produces and sells casual apparels in China and internationally.

HAESUNG DS

Market Cap: ₩385.9b

Manufactures and sells semiconductor components in South Korea and internationally.

Summerset Group Holdings

Market Cap: AU$2.6b

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

Corpovael. de

Market Cap: Mex$1.0b

Engages in the design, urbanization, construction, promotion, and sale of homes in Mexico.

Sinoma International EngineeringLtd

Market Cap: CN¥24.1b

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

Miura

Market Cap: JP¥329.9b

Produces and sells boilers in Japan and internationally.

REC

Market Cap: ₹1.0t

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

Sasseur Real Estate Investment Trust

Market Cap: S$875.8m

Invests in a portfolio of real estate and related assets.

Proya CosmeticsLtd

Market Cap: CN¥34.3b

A beauty and personal care company, researches, develops, produces, and sells cosmetics in China.

Middle East Healthcare

Market Cap: ر.س5.3b

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

LX Semicon

Market Cap: ₩862.0b

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

Sinoma International EngineeringLtd

Market Cap: CN¥24.1b

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

Bethel Automotive Safety Systems

Market Cap: CN¥31.9b

Develops, manufactures, and sells automotive safety systems and advanced driver assistance systems in China.

Hyosung TNC

Market Cap: ₩962.4b

Manufactures and sells fiber in South Korea and internationally.

CLIO CosmeticsLtd

Market Cap: ₩252.7b

Provides makeup products in South Korea and internationally.

Trajan Group Holdings

Market Cap: AU$136.4m

Develops, manufactures, sells, and distributes analytical and life science products and devices in Australia, New Zealand, Malaysia, Japan, the United States, Europe, the Middle East, Africa, and India.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥12.3b

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

Hangzhou Binjiang Real Estate GroupLtd

Market Cap: CN¥32.0b

Provides real estate development services in China.

Select Harvests

Market Cap: AU$547.1m

Engages in the growing, processing, packaging, and selling of almonds and its by-products in Australia.

Select Harvests

Market Cap: AU$547.1m

Engages in the growing, processing, packaging, and selling of almonds and its by-products in Australia.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥286.1b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Converge Information and Communications Technology Solutions

Market Cap: ₱106.2b

Converge Information and Communications Technology Solutions, Inc.

Shenzhen Fuanna Bedding and FurnishingLtd

Market Cap: CN¥6.2b

Engages in the research and development, design, production, and sale of textile home furnishing, sleep home furnishing, and living products in China and internationally.

Ningbo Deye Technology Group

Market Cap: CN¥51.9b

Engages in the production and sales of heat exchangers, inverters, and dehumidifiers in South Africa, Brazil, Hongkong, Germany, India, and internationally.

Assetwise

Market Cap: ฿5.6b

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

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥35.4b

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

Innocean Worldwide

Market Cap: ₩750.4b

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

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥12.3b

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

Haidilao International Holding

Market Cap: HK$79.5b

An investment holding company, engages in the restaurant operation and delivery businesses.

Hu Lane Associate

Market Cap: NT$16.0b

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

Security Bank

Market Cap: ₱53.7b

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