Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

AMG Critical Materials

Market Cap: US$1.1b

Develops, produces, and sells energy storage materials.

BYD Electronic (International)

Market Cap: US$70.1b

An investment holding company, primarily engages in the design, manufacture, assembly, and sale of mobile handset components, modules, and other products in the People’s Republic of China and internationally.

C&D International Investment Group

Market Cap: HK$32.3b

An investment holding company, engages in the property development, real estate industry chain investment services, and industry investment activities in the People’s Republic of China.

Aurelia Metals

Market Cap: AU$440.1m

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

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥9.6b

Provides chemical supply chain solutions worldwide.

Monash IVF Group

Market Cap: AU$249.4m

Engages in the provision of assisted reproductive and specialist women imaging services in Australia and Malaysia.

Adairs

Market Cap: AU$271.3m

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

Aeris Resources

Market Cap: AU$490.8m

Explores, produces, and sells precious metals in Australia.

Sichuan Baicha Baidao Industrial

Market Cap: HK$8.5b

An investment holding company, provides tea drink products in the People’s Republic of China.

Guangdong Haid Group

Market Cap: CN¥92.5b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

Fosun International

Market Cap: HK$31.7b

Operates in the health, happiness, wealth, and intelligent manufacturing sectors in Mainland China, Portugal, and internationally.

Fauji Cement

Market Cap: PK₨90.4b

Engages in the manufacturing and selling of various types of cement in Pakistan.

Beijing New Building Materials

Market Cap: CN¥45.2b

Manufactures and sells building materials in China and internationally.

Delta Air Lines

Market Cap: €39.5b

Provides scheduled air transportation for passengers and cargo in the United States and internationally.

NetEase

Market Cap: US$592.1b

Engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally.

Indofood Sukses Makmur

Market Cap: Rp52.5t

Operates as a food solutions company in Indonesia, the Middle East, Africa, the rest of Asia, and internationally.

NSL Foods

Market Cap: ฿6.8b

Engages in the manufacture and distribution of bakery and snack products in Thailand.

Zhejiang Jiuzhou Pharmaceutical

Market Cap: CN¥14.7b

Operates as contract development and manufacturing organization (CDMO) company in China and internationally.

Metcash

Market Cap: AU$3.2b

Operates as a wholesale distribution and marketing company in Australia.

China Aviation Oil (Singapore)

Market Cap: S$1.7b

Trades in and supplies jet fuel to civil aviation industry worldwide.

Grand Pharmaceutical Group

Market Cap: HK$25.0b

An investment holding company, engages in the research and development, manufacture, and sale of pharmaceutical preparations and medical devices, biotechnology and healthcare products, and pharmaceutical raw materials.

China Railway Group

Market Cap: CN¥133.7b

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

China Mengniu Dairy

Market Cap: HK$64.5b

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

Hansen Technologies

Market Cap: AU$1.0b

Engages in the development, integration, and support of billing and customer information systems.

Morimatsu International Holdings

Market Cap: HK$10.7b

Designs, manufactures, installs, operates, and maintains core equipment, process systems, and solutions primarily for chemical reactions, biological reactions, and polymerization.

REC

Market Cap: ₹889.2b

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

Centurion

Market Cap: S$1.2b

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

IndiQube Spaces

Market Cap: ₹29.4b

Provides workplace solutions and value-added services in India.

Sasseur Real Estate Investment Trust

Market Cap: S$815.7m

Invests in a portfolio of real estate and related assets.

Anker Innovations

Market Cap: CN¥53.4b

Operates as a smart hardware technology company in China and internationally.

GPT Group

Market Cap: AU$8.9b

GPT is one of Australia’s leading property groups, with assets under management of $34.1 billion across a portfolio of high quality retail, office and logistics assets.

Ganyuan Foods

Market Cap: CN¥4.9b

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

Longfor Group Holdings

Market Cap: HK$66.2b

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.

China Resources Land

Market Cap: HK$221.8b

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

Indegene

Market Cap: ₹103.6b

Operates as a digital-first life sciences commercialization company in India, the United States, Europe, and internationally.