Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Inspur Digital Enterprise Technology

Market Cap: HK$5.4b

An investment holding company, engages in management software development, cloud services, and sale of Internet of Things (IoT) solutions in the People’s Republic of China.

China Mengniu Dairy

Market Cap: HK$68.5b

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

Hoa Phat Group

Market Cap: ₫205.7t

Produces and sells steel products in Vietnam.

NetEase

Market Cap: US$596.5b

Engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally.

Grand Pharmaceutical Group

Market Cap: HK$27.6b

An investment holding company, engages in the research and development, manufacture, and sale of pharmaceutical preparations and medical devices, biotechnology and healthcare products, and pharmaceutical raw materials.

Bank BTPN Syariah

Market Cap: Rp9.6t

Provides various banking products and services in Indonesia.

Cheil Worldwide

Market Cap: ₩2.1t

Provides various marketing and advertising solutions worldwide.

Sanwa Holdings

Market Cap: JP¥793.6b

Through its subsidiaries, manufactures and sells construction materials for commercial and residential buildings in Japan, North America, Europe, and Asia.

Anhui Expressway

Market Cap: CN¥23.0b

Engages in the construction, operation, management, and development of the toll roads and associated service sections in the People's Republic of China.

JVM

Market Cap: ₩289.1b

Develops and sells automation systems and software of dispensing, packaging, and medication management for hospitals and pharmacies worldwide.

Converge Information and Communications Technology Solutions

Market Cap: ₱97.8b

Converge Information and Communications Technology Solutions, Inc.

F&F

Market Cap: ₩2.7t

Manufactures and sells apparel and accessories in South Korea.

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥32.9b

Manufactures and sells power distribution in China and internationally.

DUG Technology

Market Cap: AU$218.0m

A technology company, provides hardware and software solutions for the technology and resource sectors in Australia, the United States, the United Kingdom, Malaysia, and the United Arab Emirates.

NetEase Cloud Music

Market Cap: HK$37.1b

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.

Ping An Bank

Market Cap: CN¥214.4b

Provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally.

Sasseur Real Estate Investment Trust

Market Cap: S$866.4m

Invests in a portfolio of real estate and related assets.

REC

Market Cap: ₹980.9b

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

Hansen Technologies

Market Cap: AU$910.9m

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

Zhejiang Jiuzhou Pharmaceutical

Market Cap: CN¥15.8b

Operates as contract development and manufacturing organization (CDMO) company in China and internationally.

Cheerwin Group

Market Cap: HK$3.1b

An investment holding company, manufactures and trades household insecticides and repellents, household cleaning, air care, personal care, pet stores and pet products, and other products in the People’s Republic of China.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥10.2b

Provides chemical supply chain solutions worldwide.

Nido Education

Market Cap: AU$110.3m

Owns, operates, and manages long day early childhood education and care centres under the Nido Early School brand in Australia.

Tsingtao Brewery

Market Cap: CN¥75.4b

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

Industrial Bank

Market Cap: CN¥398.9b

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

China Tower

Market Cap: HK$189.7b

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

Assetwise

Market Cap: ฿6.1b

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

WemadeLtd

Market Cap: ₩953.3b

Develops and publishes games in South Korea and internationally.

Future

Market Cap: JP¥158.0b

Provides IT consulting and services primarily in Japan.

Guangdong Mingyang ElectricLtd

Market Cap: CN¥13.8b

Engages in the research, development, production, and sale of high/low voltage switchgear, transformer, and power transmission and distribution equipment in China.

Innocean Worldwide

Market Cap: ₩775.2b

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

IRB Infrastructure Developers

Market Cap: ₹260.5b

Engages in the infrastructure development business in India.

Summerset Group Holdings

Market Cap: AU$2.7b

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

MEGA P&C Advanced Materials (Shanghai)

Market Cap: CN¥5.4b

Produces and sells solid content, water-based solvent free, and special function coating products in China.

Monash IVF Group

Market Cap: AU$266.9m

Engages in the provision of assisted reproductive and specialist women imaging services in Australia and Malaysia.