Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Carlsberg

Market Cap: US$104.2b

Produces and markets beer and other beverage products in Denmark, China, the United Kingdom, and internationally.

IPH

Market Cap: AU$941.3m

Provides intellectual property (IP) services and products.

Hyosung TNC

Market Cap: ₩927.9b

Manufactures and sells fiber in South Korea and internationally.

Sao Ta Foods

Market Cap: ₫2.4t

Engages in farming, processing, and preserving aquatic products.

Horizon Construction Development

Market Cap: HK$4.0b

Operates as an investment holding company that provides equipment operation services in the People's Republic of China.

Aurora Design

Market Cap: ฿19.3b

Trades gold jewelry in Thailand.

C&D International Investment Group

Market Cap: HK$38.8b

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.

Stanmore Resources

Market Cap: AU$2.1b

Engages in the exploration, development, production, and sale of metallurgical coal in Australia.

China Overseas Property Holdings

Market Cap: HK$16.4b

An investment holding company, provides property management services in Hong Kong, Macau, and Mainland China.

Worley

Market Cap: AU$7.2b

Provides professional services to the energy, chemicals, and resources sectors in the Americas, Europe, the Middle East, Africa, Australia, the Asia Pacific, and China.

True Corporation

Market Cap: ฿376.6b

Provides telecommunications and value-added services in Thailand.

Nissui

Market Cap: JP¥319.2b

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

WemadeLtd

Market Cap: ₩902.7b

Develops and publishes games in South Korea and internationally.

Aeon (M) Bhd

Market Cap: RM 1.8b

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

Inspur Digital Enterprise Technology

Market Cap: HK$11.0b

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.

Miura

Market Cap: JP¥323.5b

Produces and sells boilers in Japan and internationally.

Emaar Properties PJSC

Market Cap: د.إ120.6b

Engages in the property investment, development, and development management business in the United Arab Emirates and internationally.

China Mengniu Dairy

Market Cap: HK$57.9b

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

Micro-Star International

Market Cap: NT$95.0b

Engages in the manufacture and sale of motherboards, interface cards, notebook computers, and other electronic products in Asia, Europe, the United States, and internationally.

Bangchak Corporation

Market Cap: ฿42.7b

Engages in the refining and marketing of petroleum products in Thailand, Singapore, Norway, Korea, Laos, and internationally.

CapitaLand Malaysia Trust

Market Cap: RM 2.1b

CapitaLand Malaysia Trust (CLMT) is a real estate investment trust (REIT) and was listed on the Main Market of Bursa Malaysia Securities Berhad on 16 July 2010.

Cheil Worldwide

Market Cap: ₩2.1t

Provides various marketing solutions worldwide.

Summerset Group Holdings

Market Cap: AU$2.6b

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

Innocean Worldwide

Market Cap: ₩728.0b

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

China Construction Bank

Market Cap: HK$2.0t

Engages in the provision of various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally.

Sanwa Holdings

Market Cap: JP¥875.8b

Through its subsidiaries, manufactures and sells construction materials for commercial and residential buildings in Japan, North America, Europe, and Asia.

Indofood Sukses Makmur

Market Cap: Rp62.3t

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

Sasseur Real Estate Investment Trust

Market Cap: S$866.4m

Invests in a portfolio of real estate and related assets.

Haidilao International Holding

Market Cap: HK$73.7b

An investment holding company, engages in the restaurant operation and delivery businesses.

China Resources Land

Market Cap: HK$209.2b

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

Trajan Group Holdings

Market Cap: AU$119.0m

Develops, manufactures, and sells analytical and life science products and devices in Malaysia, Japan, Australia, New Zealand, the United States, Europe, the Middle East, Africa, and India.

Monash IVF Group

Market Cap: AU$266.9m

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

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.

Binggrae

Market Cap: ₩681.7b

Engages in production and sale of dairy products in South Korea and internationally.

KH Neochem

Market Cap: JP¥94.2b

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