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.

Tsingtao Brewery

Market Cap: HK$85.5b

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

DUG Technology

Market Cap: AU$180.4m

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.

Hu Lane Associate

Market Cap: NT$16.4b

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

Gunkul Engineering

Market Cap: ฿15.3b

Generates and sells renewable energy in Thailand, Japan, and Vietnam.

Select Harvests

Market Cap: AU$541.4m

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

Beijing New Building Materials

Market Cap: CN¥45.4b

Manufactures and sells building materials in China and internationally.

Sinoma International EngineeringLtd

Market Cap: CN¥24.3b

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

Sasseur Real Estate Investment Trust

Market Cap: S$869.3m

Invests in a portfolio of real estate and related assets.

KH Neochem

Market Cap: JP¥97.0b

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

LX Semicon

Market Cap: ₩920.6b

Operates as a semiconductor company in South Korea, China, Vietnam, Taiwan, Japan, and internationally.

Hyosung TNC

Market Cap: ₩977.5b

Manufactures and sells fiber in South Korea and internationally.

Innocean Worldwide

Market Cap: ₩756.4b

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

Vardhman Textiles

Market Cap: ₹113.9b

Manufactures, purchases, and sells textiles and fibres in India and internationally.

Samsung C&T

Market Cap: ₩26.7t

Engages in the engineering and construction, trading and investment, fashion, and resort businesses in South Korea, Europe, the Middle East, Africa, the Asia Pacific, and the Americas.

CLIO CosmeticsLtd

Market Cap: ₩255.9b

Provides makeup products in South Korea and internationally.

F&F

Market Cap: ₩2.4t

Manufactures and sells sewn wearing apparels in South Korea.

Middle East Healthcare

Market Cap: ر.س5.3b

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

WemadeLtd

Market Cap: ₩1.0t

Develops and publishes games in South Korea and internationally.

REC

Market Cap: ₹1.0t

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

SK

Market Cap: ₩10.1t

Engages in advanced materials, energy, life sciences and biopharmaceuticals, and digital businesses.

ACC

Market Cap: ₹334.8b

Engages in the manufacture and sale of cement and ready-mix concrete in India.

Cheil Worldwide

Market Cap: ₩2.0t

Provides various marketing solutions worldwide.

Robert Walters

Market Cap: €88.5m

Provides professional recruitment consultancy services worldwide.

Shenzhen Transsion Holdings

Market Cap: CN¥93.1b

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

China Mengniu Dairy

Market Cap: HK$64.2b

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

Jonjee Hi-Tech Industrial and Commercial HoldingLtd

Market Cap: CN¥14.7b

Produces and sells seasoning products in China and internationally.

Proya CosmeticsLtd

Market Cap: CN¥32.7b

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

Aeon (M) Bhd

Market Cap: RM 1.9b

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

Summerset Group Holdings

Market Cap: AU$2.6b

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

Jonjee Hi-Tech Industrial and Commercial HoldingLtd

Market Cap: CN¥14.7b

Produces and sells seasoning products in China and internationally.

Angel Oak Mortgage REIT

Market Cap: US$232.4m

A real estate finance company, focuses on acquiring and investing in first lien non- qualified mortgage loans and other mortgage-related assets in the United States mortgage market.

Pollard Banknote

Market Cap: €555.2m

Manufactures and sells lottery and charitable gaming products and solutions in the United States, Canada, and internationally.

Huron Consulting Group

Market Cap: US$2.1b

Provides consultancy and managed services in the United States and internationally.

Econocom Group

Market Cap: €306.7m

Designs and develops digital solutions for public and private companies in Belgium and internationally.