Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

China Resources Land

Market Cap: HK$215.5b

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$112.1m

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.

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.

Binggrae

Market Cap: ₩696.7b

Engages in production and sale of dairy products 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.

China Railway Group

Market Cap: CN¥127.9b

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

Micro-Star International

Market Cap: NT$101.0b

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

Inspur Digital Enterprise Technology

Market Cap: HK$10.9b

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.

Tenaga Nasional Berhad

Market Cap: RM 78.1b

Engages in the generation, transmission, distribution, and sale of electricity in Malaysia, the United Kingdom, Kuwait, the Republic of Ireland, Australia, and internationally.

Emaar Properties PJSC

Market Cap: د.إ123.3b

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

Jiangsu Changshu Rural Commercial Bank

Market Cap: CN¥23.2b

Jiangsu Changshu Rural Commercial Bank Co., Ltd.

Jinzai Food GroupLtd

Market Cap: CN¥5.3b

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

IPH

Market Cap: AU$975.3m

Provides intellectual property (IP) services and products.

CapitaLand Malaysia Trust

Market Cap: RM 2.0b

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.

Proya CosmeticsLtd

Market Cap: CN¥31.2b

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

China Overseas Property Holdings

Market Cap: HK$16.4b

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

China Mengniu Dairy

Market Cap: HK$57.0b

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

Seojin SystemLtd

Market Cap: ₩1.3t

Provides telecom equipment, repeaters, mechanical products, and LED and other equipment.

Bethel Automotive Safety Systems

Market Cap: CN¥31.8b

Develops, manufactures, and sells automotive safety systems and advanced driver assistance systems in China.

Monash IVF Group

Market Cap: AU$263.0m

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

Carlsberg

Market Cap: US$103.2b

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

Jiangsu King's Luck Brewery Ltd

Market Cap: CN¥49.4b

Jiangsu King's Luck Brewery Joint-Stock Co.,Ltd.

Sinoma International EngineeringLtd

Market Cap: CN¥22.9b

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

Sasseur Real Estate Investment Trust

Market Cap: S$866.4m

Invests in a portfolio of real estate and related assets.

Cheil Worldwide

Market Cap: ₩2.1t

Provides various marketing solutions worldwide.

MC Group

Market Cap: ฿8.6b

Engages in the manufacture and distribution management of clothing and accessories in Thailand.

Tsingtao Brewery

Market Cap: HK$84.8b

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

Huaibei Mining HoldingsLtd

Market Cap: CN¥34.0b

Primarily engages in coal mining, washing, processing, sales, and production of coal chemical products in China.

Summerset Group Holdings

Market Cap: AU$2.6b

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

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥8.5b

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

Sinoma International EngineeringLtd

Market Cap: CN¥22.9b

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

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.1b

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.

Aeon (M) Bhd

Market Cap: RM 1.7b

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

Ganyuan Foods

Market Cap: CN¥5.0b

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

Hyosung TNC

Market Cap: ₩949.5b

Manufactures and sells fiber in South Korea and internationally.