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.

United Bank for Africa

Market Cap: ₦1.5t

Primarily provides corporate, commercial, and retail banking services in Nigeria, rest of Africa, and internationally.

Xiamen C&D

Market Cap: CN¥29.4b

Engages in the supply chain and real estate development businesses in China and internationally.

Longfor Group Holdings

Market Cap: HK$66.9b

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.

Micro-Tech (Nanjing)Ltd

Market Cap: CN¥12.5b

Researches, develops, manufactures, and sells minimally invasive medical devices to hospitals and clinics worldwide.

Axalta Coating Systems

Market Cap: US$6.7b

Through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

BWG

Market Cap: NOK 17.1b

An investment holding company, engages in ship owning and chartering activities worldwide.

MC Group

Market Cap: ฿7.8b

Manufactures, distributes, and retails apparel, accessories, and lifestyle products in Thailand.

Mayur Uniquoters

Market Cap: ₹25.8b

Engages in the manufacture and sale of coated textile fabrics in India and internationally.

Exxaro Resources

Market Cap: R36.3b

Engages in coal, pigment manufacturing, and renewable energy businesses in South Africa, Europe, Asia, and internationally.

China National Building Material

Market Cap: HK$26.7b

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

Ningbo Deye Technology Group

Market Cap: CN¥54.9b

Engages in the production and sales of heat exchangers, inverters, and dehumidifiers in China, the United Kingdom, the United States, Germany, India, and internationally.

Tsingtao Brewery

Market Cap: HK$91.4b

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

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.7b

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.

Hu Lane Associate

Market Cap: NT$13.8b

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

REC

Market Cap: ₹1.1t

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

Sinoma International EngineeringLtd

Market Cap: CN¥24.2b

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

Indorama Ventures

Market Cap: ฿111.2b

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

China Resources Land

Market Cap: HK$190.0b

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

Luxi Chemical Group

Market Cap: CN¥20.2b

Manufactures and sells chemical and fertilizer products.

Ganyuan Foods

Market Cap: CN¥6.0b

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

Beijing New Building Materials

Market Cap: CN¥47.7b

Manufactures and sells building materials in China and internationally.

Jiangsu Xinquan Automotive TrimLtd

Market Cap: CN¥22.0b

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

Proya CosmeticsLtd

Market Cap: CN¥33.4b

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

ANE (Cayman)

Market Cap: HK$9.5b

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

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥12.4b

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

Jonjee Hi-Tech Industrial and Commercial HoldingLtd

Market Cap: CN¥14.6b

Produces and sells seasoning products in China and internationally.

Sunshine Insurance Group

Market Cap: HK$37.4b

Provides various insurance products and related services in the People’s Republic of China.

Shandong Yisheng Livestock & Poultry Breeding

Market Cap: CN¥9.1b

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd.

ShenZhen YUTO Packaging Technology

Market Cap: CN¥21.9b

ShenZhen YUTO Packaging Technology Co., Ltd.

Reynolds Consumer Products

Market Cap: €4.6b

Produces and sells products in cooking, waste and storage, and tableware product categories in the United States and internationally.

Aica Kogyo Company

Market Cap: €229.1b

Develops, produces, and sells chemical products, and laminates and building materials in Japan and internationally.

Sanofi

Market Cap: €106.6b

A healthcare company, engages in the research, development, manufacture, and marketing of therapeutic solutions in the United States, Europe, and internationally.

Ultimate Products

Market Cap: €62.8m

Supplies branded household products in the United Kingdom, Germany, Rest of Europe, and internationally.

Tsingtao Brewery

Market Cap: €91.5b

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