Global Potentially Undervalued Companies

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.

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Baoxiniao Holding

Market Cap: CN¥5.6b

Engages in the research and development, production, and sale of branded men and women clothing products in China.

Aeon (M) Bhd

Market Cap: RM 2.0b

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

IPH

Market Cap: AU$1.3b

Provides intellectual property (IP) services and products.

Trajan Group Holdings

Market Cap: AU$112.0m

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.

Jonjee Hi-Tech Industrial and Commercial HoldingLtd

Market Cap: CN¥14.7b

Produces and sells seasoning products in China and internationally.

Shenzhen Transsion Holdings

Market Cap: CN¥86.0b

Manufactures and sells smart devices in Africa and internationally.

Huaxin Cement

Market Cap: CN¥24.0b

Manufactures and sells cement in China and internationally.

Jinzai Food GroupLtd

Market Cap: CN¥5.8b

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

Ansell

Market Cap: AU$4.4b

Designs, sources, develops, manufactures, distributes, and sells hand and body protection solutions in the Asia Pacific, Europe, the Middle East, Africa, Latin America, the Caribbean, and North America.

REC

Market Cap: ₹1.1t

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

Adaro Minerals Indonesia

Market Cap: Rp41.1t

Engages in metallurgical coal mining business in Indonesia.

Huaibei Mining HoldingsLtd

Market Cap: CN¥32.0b

Primarily engages in coal mining, washing, processing, sales, and storage business in China.

Haidilao International Holding

Market Cap: HK$81.7b

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

Hyosung TNC

Market Cap: ₩1.2t

Manufactures and sells fiber in South Korea and internationally.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥12.3b

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

Binggrae

Market Cap: ₩804.6b

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

Bethel Automotive Safety Systems

Market Cap: CN¥29.4b

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

Inspur Digital Enterprise Technology

Market Cap: HK$8.3b

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.

Summerset Group Holdings

Market Cap: AU$2.8b

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

Proya CosmeticsLtd

Market Cap: CN¥32.6b

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

Select Harvests

Market Cap: AU$555.6m

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

Sinoma International EngineeringLtd

Market Cap: CN¥23.9b

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

Sasseur Real Estate Investment Trust

Market Cap: S$813.0m

Invests in a portfolio of real estate and related assets.

Shaanxi Coal Industry

Market Cap: CN¥187.5b

Shaanxi Coal Industry Company Limited, together with its subsidiaries, mines, produces, washes, processes, and sells coal in China and internationally.

Select Harvests

Market Cap: AU$555.6m

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

Jiangsu Xinquan Automotive TrimLtd

Market Cap: CN¥21.5b

Designs, develops, manufactures, sells, and supplies auto parts in China.

Zhejiang Semir Garment

Market Cap: CN¥14.2b

Produces and sells casual apparels in China and internationally.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥267.4b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥12.3b

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

Proya CosmeticsLtd

Market Cap: CN¥32.6b

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

Hu Lane Associate

Market Cap: NT$15.3b

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

Tsingtao Brewery

Market Cap: HK$87.4b

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

Acrow

Market Cap: AU$303.3m

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