Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Shenzhen Transsion Holdings

Market Cap: CN¥77.8b

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

China Resources Land

Market Cap: HK$198.5b

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

Apeloa PharmaceuticalLtd

Market Cap: CN¥17.5b

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

Binggrae

Market Cap: ₩654.3b

Engages in production and sale of dairy products in South Korea and internationally.

Sinoma International EngineeringLtd

Market Cap: CN¥25.2b

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

NetEase Cloud Music

Market Cap: HK$46.7b

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.

Sanwa Holdings

Market Cap: JP¥841.1b

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

Micro-Star International

Market Cap: NT$95.9b

Engages in the manufacture and sale of motherboards, interface cards, notebook computers, and other electronic products in Asia, Europe, the United States, and internationally.

Emaar Properties PJSC

Market Cap: د.إ120.2b

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

Yuan Long Ping High-Tech Agriculture

Market Cap: CN¥14.4b

Yuan Long Ping High-Tech Agriculture Co., Ltd.

Security Bank

Market Cap: ₱52.9b

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

WemadeLtd

Market Cap: ₩877.4b

Develops and publishes games in South Korea and internationally.

Stanmore Resources

Market Cap: AU$2.0b

Engages in the exploration, development, production, and sale of metallurgical coal in Australia.

Aeon (M) Bhd

Market Cap: RM 1.7b

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

KH Neochem

Market Cap: JP¥84.5b

Researches, manufactures, and sells of petrochemical products in Japan and internationally.

E7 Group PJSC

Market Cap: د.إ2.1b

Engages in commercial printing, packaging, and distribution business in the United Arab Emirates.

China Overseas Property Holdings

Market Cap: HK$16.1b

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

Indorama Ventures

Market Cap: ฿99.9b

Manufactures and distributes petrochemical products in Thailand, the United States, Brazil, and internationally.

Chongqing Baiya Sanitary Products

Market Cap: CN¥9.6b

Chongqing Baiya Sanitary Products Co., Ltd.

Inspur Digital Enterprise Technology

Market Cap: HK$9.0b

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.

Jiangsu King's Luck Brewery Ltd

Market Cap: CN¥47.1b

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

SILICON2

Market Cap: ₩2.4t

Engages in the distribution of cosmetics products worldwide.

Adairs

Market Cap: AU$351.1m

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

China Railway Group

Market Cap: CN¥131.5b

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

LX Semicon

Market Cap: ₩836.0b

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

Anker Innovations

Market Cap: CN¥59.5b

Develops and sells mobile charging products.

Tenaga Nasional Berhad

Market Cap: RM 77.1b

Engages in the generation, transmission, distribution, and sale of electricity in Malaysia, the United Kingdom, Kuwait, the Republic of Ireland, Australia, and internationally.

CapitaLand Malaysia Trust

Market Cap: RM 2.1b

CapitaLand Malaysia Trust (CLMT) is a real estate investment trust (REIT) listed on the Main Market of Bursa Malaysia Securities Berhad since 16 July 2010.

DUG Technology

Market Cap: AU$298.6m

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.

Chambal Fertilisers and Chemicals

Market Cap: ₹192.3b

Produces and sells fertilizers primarily in India.

MC Group

Market Cap: ฿8.6b

Engages in the manufacture and distribution management of clothing and accessories in Thailand.

China Pacific Insurance (Group)

Market Cap: CN¥325.6b

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

Sasseur Real Estate Investment Trust

Market Cap: S$872.8m

Invests in a portfolio of real estate and related assets.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.2b

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.

REC

Market Cap: ₹961.0b

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