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$108.9b

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

Aurelia Metals

Market Cap: AU$457.0m

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

Security Bank

Market Cap: ₱54.3b

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

Anhui Conch Cement

Market Cap: CN¥123.1b

Manufactures, sells, and trades in clinker and cement products 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.

True Corporation

Market Cap: ฿373.2b

Provides telecommunications and value-added services in Thailand.

Chongqing Baiya Sanitary Products

Market Cap: CN¥9.9b

Chongqing Baiya Sanitary Products Co., Ltd.

Bangchak Corporation

Market Cap: ฿38.9b

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

Shenzhen Transsion Holdings

Market Cap: CN¥87.4b

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

Haidilao International Holding

Market Cap: HK$72.0b

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

WemadeLtd

Market Cap: ₩926.3b

Develops and publishes games in South Korea and internationally.

Binggrae

Market Cap: ₩643.7b

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

Huali Industrial Group

Market Cap: CN¥58.4b

Engages in the design, development, production, and sale of sports footwear in China and internationally.

Jinzai Food GroupLtd

Market Cap: CN¥5.4b

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

Centurion

Market Cap: S$1.2b

Owns, develops, and manages workers and student accommodation assets in Singapore, Malaysia, Australia, the United Kingdom, and internationally.

Sasseur Real Estate Investment Trust

Market Cap: S$847.5m

Invests in a portfolio of real estate and related assets.

Innocean Worldwide

Market Cap: ₩700.8b

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

Hu Lane Associate

Market Cap: NT$15.1b

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

Adairs

Market Cap: AU$400.8m

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

Emaar Properties PJSC

Market Cap: د.إ121.1b

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

Raydium Semiconductor

Market Cap: NT$19.2b

Engages in the design, development, and sale of display drivers, sequential control, and power management integrated circuit (IC) products in China, Hong Kong, Taiwan, and internationally.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥9.2b

Provides chemical supply chain solutions worldwide.

Cheerwin Group

Market Cap: HK$3.2b

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.

Livzon Pharmaceutical Group

Market Cap: CN¥30.9b

Researches, develops, produces, exports, and sells pharmaceutical products, and active pharmaceutical ingredients and intermediates in the People’s Republic of China.

Stanmore Resources

Market Cap: AU$2.1b

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

Indorama Ventures

Market Cap: ฿108.9b

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

Sinoma International EngineeringLtd

Market Cap: CN¥24.6b

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

Ganyuan Foods

Market Cap: CN¥4.9b

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

China Railway Group

Market Cap: CN¥131.9b

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

Worley

Market Cap: AU$7.1b

Provides professional services to the energy, chemicals, and resources sectors in the Americas, Europe, the Middle East, Africa, Australia, the Asia Pacific, and China.

Sansiri

Market Cap: ฿24.2b

Engages in the property development business in Thailand.

Horizon Construction Development

Market Cap: HK$3.7b

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

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp292.2t

Provides information and communications technology, and telecommunications network services worldwide.

Sao Ta Foods

Market Cap: ₫2.3t

Engages in farming, processing, and preserving aquatic products.

China Mengniu Dairy

Market Cap: HK$54.9b

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