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.

IPH

Market Cap: AU$1.2b

Provides intellectual property (IP) services and products.

Ganyuan Foods

Market Cap: CN¥6.1b

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

Acrow

Market Cap: AU$311.0m

Provides smart integrated construction systems across formwork, industrial services, and commercial scaffolding in Australia.

Xiamen C&D

Market Cap: CN¥29.4b

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

China Resources Land

Market Cap: HK$180.4b

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

China National Building Material

Market Cap: HK$26.5b

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

BOC Aviation

Market Cap: HK$43.2b

Operates as an aircraft operating leasing company in Mainland China, Hong Kong, Macau, Taiwan, rest of the Asia Pacific, the Americas, Europe, the Middle East, and Africa.

Shandong Yisheng Livestock & Poultry Breeding

Market Cap: CN¥9.0b

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd.

ShenZhen YUTO Packaging Technology

Market Cap: CN¥21.4b

ShenZhen YUTO Packaging Technology Co., Ltd.

Luxi Chemical Group

Market Cap: CN¥20.1b

Manufactures and sells chemical and fertilizer products.

Beijing New Building Materials

Market Cap: CN¥48.1b

Manufactures and sells building materials in China and internationally.

Tsingtao Brewery

Market Cap: HK$95.4b

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

Ningbo Deye Technology Group

Market Cap: CN¥52.8b

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

Jiangsu Xinquan Automotive TrimLtd

Market Cap: CN¥23.0b

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

Trajan Group Holdings

Market Cap: AU$114.3m

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

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥8.4b

Provides chemical supply chain solutions in China and internationally.

Longfor Group Holdings

Market Cap: HK$67.1b

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.

Jonjee Hi-Tech Industrial and Commercial HoldingLtd

Market Cap: CN¥14.9b

Produces and sells seasoning products in China and internationally.

Oceania Healthcare

Market Cap: AU$441.8m

Owns and operates retirement villages and care centres in New Zealand.

Proya CosmeticsLtd

Market Cap: CN¥35.2b

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

Sunshine Insurance Group

Market Cap: HK$36.9b

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

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.

China Overseas Property Holdings

Market Cap: HK$17.0b

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

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥12.7b

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

Sinoma International EngineeringLtd

Market Cap: CN¥23.8b

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

CNB Financial

Market Cap: US$453.4m

Operates as the bank holding company for CNB Bank that provides various banking products and services for individual, business, governmental, and institutional customers.

Steelcase

Market Cap: €1.2b

Provides a portfolio of furniture and architectural products and services in the United States and internationally.

Loomis

Market Cap: SEK 25.9b

Provides secure payment solutions in the United States, France, Switzerland, Spain, the United Kingdom, Sweden, and internationally.

CES Energy Solutions

Market Cap: €1.5b

Engages in the design, implementation, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada.

Arcadis

Market Cap: €4.1b

Offers design, engineering, architecture, and consultancy solutions for natural and built assets in The Americas, Europe, the Middle East, and the Asia Pacific.

Ultimate Products

Market Cap: UK£63.1m

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

Fidelity National Financial

Market Cap: €15.0b

Provides various insurance products in the United States.

Thungela Resources

Market Cap: €12.0b

Engages in the mining and production of thermal coal in South Africa and Australia.