Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

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.

China National Building Material

Market Cap: HK$30.8b

An investment holding company, engages in building material, new materials, and engineering technical services businesses.

Tsingtao Brewery

Market Cap: HK$86.7b

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

Beijing New Building Materials

Market Cap: CN¥44.6b

Manufactures and sells building materials in China and internationally.

Gansu Shangfeng CementLtd

Market Cap: CN¥7.7b

Engages in the manufacturing and sale of building materials, and cement and cement clinker products in China.

Foxsemicon Integrated Technology

Market Cap: NT$32.0b

Engages in the research, development, design, manufacturing, and sale of semiconductor equipment subsystems and system integration in Taiwan, the United States, China, and internationally.

DUG Technology

Market Cap: AU$191.9m

Dug Technology Ltd, 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.

KH Neochem

Market Cap: JP¥91.5b

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

Shenzhen Fuanna Bedding and FurnishingLtd

Market Cap: CN¥6.2b

Engages in the research and development, design, production, and sales of textile home furnishing, home furnishing and living products in China and internationally.

Sinoma International EngineeringLtd

Market Cap: CN¥22.9b

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

Zhejiang Semir Garment

Market Cap: CN¥14.0b

Produces and sells casual apparels in China and internationally.

Baoxiniao Holding

Market Cap: CN¥5.5b

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

Indorama Ventures

Market Cap: ฿115.7b

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

Innocean Worldwide

Market Cap: ₩808.0b

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

Jiangsu Xinquan Automotive TrimLtd

Market Cap: CN¥22.8b

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

Sasseur Real Estate Investment Trust

Market Cap: S$806.7m

Invests in a portfolio of real estate and related assets.

Sao Ta Foods

Market Cap: ₫2.5t

Engages in farming, processing, and preserving aquatic products.

Beijing Urban Construction Investment & Development

Market Cap: CN¥9.5b

Beijing Urban Construction Investment & Development Co., Ltd.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥11.7b

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.

Chorus Aviation

Market Cap: US$611.1m

Through its subsidiaries, provides aviation services.

Hu Lane Associate

Market Cap: NT$14.9b

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

Jonjee Hi-Tech Industrial and Commercial HoldingLtd

Market Cap: CN¥14.8b

Produces and sells seasoning products in China and internationally.

PSK

Market Cap: ₩556.2b

Develops, manufactures, and sells semiconductor processing equipment in worldwide.

Jinzai Food GroupLtd

Market Cap: CN¥6.0b

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

Hoa Phat Group

Market Cap: ₫175.8t

Produces and sells steel products in Vietnam.

REC

Market Cap: ₹1.0t

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

MCNEX

Market Cap: ₩432.5b

Manufactures and sells camera modules in South Korea and internationally.

Inspur Digital Enterprise Technology

Market Cap: HK$8.4b

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.

Proya CosmeticsLtd

Market Cap: CN¥32.3b

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

Adaro Minerals Indonesia

Market Cap: Rp37.8t

Engages in metallurgical coal mining business in Indonesia.

Acrow

Market Cap: AU$300.3m

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

Longfor Group Holdings

Market Cap: HK$67.2b

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.

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥31.3b

Manufactures and sells power distribution and utilization systems in China and internationally.

Select Harvests

Market Cap: AU$591.2m

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

Huaibei Mining HoldingsLtd

Market Cap: CN¥31.0b

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