Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Trajan Group Holdings

Market Cap: AU$101.4m

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.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥8.5b

Provides chemical supply chain solutions worldwide.

Guangdong Haid Group

Market Cap: CN¥92.3b

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

IPH

Market Cap: AU$910.0m

Provides intellectual property (IP) services and products.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥11.5b

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

NetEase Cloud Music

Market Cap: HK$41.7b

An investment holding company, engages in the operation of online platforms to provide music and social entertainment services in the People’s Republic of China.

National Medical Care

Market Cap: ر.س6.5b

National Medical Care Company establishes, owns, equips, manages, maintains, and operates healthcare facilities in the Kingdom of Saudi Arabia.

Huaqin Technology

Market Cap: CN¥88.3b

Engages in the development, manufacturing, and operation service of software, hardware, systems for tech companies worldwide.

Longfor Group Holdings

Market Cap: HK$68.7b

An investment holding company, engages in the property development, commercial investment, asset management, property management, and smart construction businesses in the People’s Republic of China.

Shenzhen Transsion Holdings

Market Cap: CN¥73.2b

Provides smart devices and mobile services in Africa, South and Southeast Asia, the Middle East, Latin America, and internationally.

China Railway Group

Market Cap: CN¥126.0b

Operates as a multi-functional integrated construction company in Mainland China and internationally.

China Resources Land

Market Cap: HK$220.2b

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

Jinneng Holding Shanxi Coal Industryltd

Market Cap: CN¥23.5b

Engages in the production and sales of coal in China.

Micro-Tech (Nanjing)Ltd

Market Cap: CN¥14.5b

Researches, develops, manufactures, and sells minimally invasive medical devices to hospitals and clinics worldwide.

Middle East Healthcare

Market Cap: ر.س3.7b

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

Shanghai Zhonggu Logistics

Market Cap: CN¥21.6b

Provides container shipping services in China.

Jiang Zhong PharmaceuticalLtd

Market Cap: CN¥13.8b

Engages in the manufacture of pharmaceutical products in China.

China Pacific Insurance (Group)

Market Cap: CN¥319.0b

Provides insurance products to individual and institutional customers in the People’s Republic of China.

Sinoma International EngineeringLtd

Market Cap: CN¥24.4b

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

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥11.4b

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.

China Overseas Property Holdings

Market Cap: HK$16.3b

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

Aurelia Metals

Market Cap: AU$397.8m

Engages in the exploration and production of mineral properties in Australia.

Carlsberg

Market Cap: US$108.6b

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

C&D International Investment Group

Market Cap: HK$37.3b

An investment holding company, engages in the property development, real estate industry chain investment services, and industry investment activities in the People’s Republic of China.

Aeris Resources

Market Cap: AU$511.4m

Explores, produces, and sells precious metals in Australia.

Beijing New Building Materials

Market Cap: CN¥42.7b

Manufactures and sells building materials in China and internationally.

Anker Innovations

Market Cap: CN¥59.4b

Develops and sells mobile charging products.

Adairs

Market Cap: AU$335.2m

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

Apeloa PharmaceuticalLtd

Market Cap: CN¥18.4b

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

China Mengniu Dairy

Market Cap: HK$58.2b

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

Koenig & Bauer

Market Cap: €165.9m

Develops and manufactures printing and postprint systems worldwide.

Gesco

Market Cap: €142.4m

Operates in the process, resource, healthcare, and infrastructure technology sectors in Germany, rest of Europe, the United States, and internationally.

Capgemini

Market Cap: €22.7b

Provides consulting, digital transformation, technology, and engineering services primarily in North America, France, the United Kingdom, Ireland, the rest of Europe, the Asia-Pacific, and Latin America.

CellaVision

Market Cap: SEK 4.0b

Develops and sells instruments, software, and reagents for blood and body fluids analysis in Sweden and internationally.

Austevoll Seafood

Market Cap: NOK 17.7b

A seafood company, produces and sells salmon and trout, whitefish, and pelagic in Norway, the European Union, the United Kingdom, Eastern Europe, Africa, North America, Asia, and South America.