Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Carlsberg

Market Cap: US$106.8b

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

True Corporation

Market Cap: ฿393.9b

Provides telecommunications and value-added services in Thailand.

Middle East Healthcare

Market Cap: ر.س5.0b

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

Summerset Group Holdings

Market Cap: AU$2.7b

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

Proya CosmeticsLtd

Market Cap: CN¥32.2b

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

Horizon Construction Development

Market Cap: HK$4.1b

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

Aeon (M) Bhd

Market Cap: RM 1.8b

Operates and manages a retail chain of departmental stores and supermarkets in Malaysia.

Jiangsu King's Luck Brewery Ltd

Market Cap: CN¥52.2b

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

Hu Lane Associate

Market Cap: NT$15.5b

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

Shandong Yisheng Livestock & Poultry Breeding

Market Cap: CN¥9.7b

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd.

Beijing Urban Construction Investment & Development

Market Cap: CN¥11.2b

Beijing Urban Construction Investment & Development Co., Ltd.

Sasseur Real Estate Investment Trust

Market Cap: S$882.1m

Invests in a portfolio of real estate and related assets.

Jinzai Food GroupLtd

Market Cap: CN¥5.5b

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

IPH

Market Cap: AU$1.0b

Provides intellectual property (IP) services and products.

CLIO CosmeticsLtd

Market Cap: ₩248.5b

Provides makeup products in South Korea and internationally.

Tsingtao Brewery

Market Cap: HK$86.7b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Aurora Design

Market Cap: ฿19.1b

Trades gold jewelry in Thailand.

Assetwise

Market Cap: ฿4.9b

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

China Overseas Property Holdings

Market Cap: HK$17.2b

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

Proya CosmeticsLtd

Market Cap: CN¥32.2b

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

Bangchak Corporation

Market Cap: ฿44.1b

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

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.5b

Engages in the manufacture and sale of pharmaceutical raw materials, and food and feed additives under the Star Lake and Yue Bao brand names in China and internationally.

Ganyuan Foods

Market Cap: CN¥5.2b

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

Emaar Properties PJSC

Market Cap: د.إ121.5b

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

Gansu Shangfeng CementLtd

Market Cap: CN¥8.2b

Manufactures and sells building materials, and cement and cement clinker products in China.

Corpovael. de

Market Cap: Mex$994.7m

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

Haidilao International Holding

Market Cap: HK$74.5b

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

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.

LX Semicon

Market Cap: ₩871.8b

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

Beijing New Building Materials

Market Cap: CN¥43.0b

Manufactures and sells building materials in China and internationally.

Industrial Bank

Market Cap: CN¥435.7b

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

Sinoma International EngineeringLtd

Market Cap: CN¥23.5b

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

Acrow

Market Cap: AU$317.2m

Provides smart integrated construction systems across formwork, industrial services, and commercial scaffolding in Australia.

Indofood Sukses Makmur

Market Cap: Rp68.3t

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

Trajan Group Holdings

Market Cap: AU$114.4m

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.