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.

Chorus Aviation

Market Cap: US$591.7m

Through its subsidiaries, provides aviation services.

Beijing Urban Construction Investment & Development

Market Cap: CN¥9.4b

Beijing Urban Construction Investment & Development Co., Ltd.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥11.5b

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.

ANE (Cayman)

Market Cap: HK$9.3b

An investment holding company operates an express freight network in the less-than-truckload (LTL) market in China.

Zhejiang Yinlun MachineryLtd

Market Cap: CN¥20.1b

Engages in the research and development, manufacturing, and sale of various thermal management and exhaust gas post-treatment products.

Proya CosmeticsLtd

Market Cap: CN¥32.6b

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

Sao Ta Foods

Market Cap: ₫2.5t

Engages in farming, processing, and preserving aquatic products.

IRB Infrastructure Developers

Market Cap: ₹299.6b

Engages in the infrastructure development business in India.

Ganyuan Foods

Market Cap: CN¥5.7b

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

CLIO CosmeticsLtd

Market Cap: ₩284.2b

Provides makeup products in South Korea and internationally.

Longfor Group Holdings

Market Cap: HK$64.7b

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.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥11.5b

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

Middle East Healthcare

Market Cap: ر.س5.2b

A healthcare provider, owns and operates a network of hospitals under the Saudi German Hospital name in the Middle East and North Africa.

Nissui

Market Cap: JP¥265.3b

Engages in marine, food products, fine chemicals, distribution, and marine-related/engineering businesses in Japan and internationally.

DUG Technology

Market Cap: AU$183.1m

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.

Beijing New Building Materials

Market Cap: CN¥44.7b

Manufactures and sells building materials in China and internationally.

Foxsemicon Integrated Technology

Market Cap: NT$32.1b

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

Innocean Worldwide

Market Cap: ₩793.2b

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

Trajan Group Holdings

Market Cap: AU$109.0m

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.

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.

KH Neochem

Market Cap: JP¥90.1b

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¥22.7b

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

Sinopharm Group

Market Cap: HK$57.4b

Engages in the wholesale and retail of pharmaceutical and healthcare products, and medical devices in the People’s Republic of China.

REC

Market Cap: ₹1.1t

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

Inspur Digital Enterprise Technology

Market Cap: HK$8.6b

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.

Huaxin Cement

Market Cap: CN¥21.8b

Manufactures and sells cement in China and internationally.

ENEOS Holdings

Market Cap: JP¥1.9t

Through its subsidiaries, operates in the energy, oil and natural gas exploration and production, and metals businesses in Japan, China, Asia, and internationally.

Huaibei Mining HoldingsLtd

Market Cap: CN¥30.5b

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

MCNEX

Market Cap: ₩443.1b

Manufactures and sells camera modules in South Korea and internationally.

Hangzhou Binjiang Real Estate GroupLtd

Market Cap: CN¥30.3b

Provides real estate development services in China.

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: ฿114.0b

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

Security Bank

Market Cap: ₱51.8b

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