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.

Beijing New Building Materials

Market Cap: CN¥43.5b

Manufactures and sells building materials in China and internationally.

China Overseas Property Holdings

Market Cap: HK$17.1b

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

Monash IVF Group

Market Cap: AU$272.7m

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

True Corporation

Market Cap: ฿393.9b

Provides telecommunications and value-added services in Thailand.

China Mengniu Dairy

Market Cap: HK$58.1b

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

Ganyuan Foods

Market Cap: CN¥5.2b

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

Acrow

Market Cap: AU$315.7m

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

Trajan Group Holdings

Market Cap: AU$135.6m

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.

Vardhman Textiles

Market Cap: ₹120.4b

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

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.8b

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.

Carlsberg

Market Cap: US$108.6b

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

Tsingtao Brewery

Market Cap: HK$85.4b

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

ANE (Cayman)

Market Cap: HK$9.6b

An investment holding company operates an express freight network in the less-than-truckload (LTL) market in China.

Shandong Yisheng Livestock & Poultry Breeding

Market Cap: CN¥9.3b

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd.

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.

LX Semicon

Market Cap: ₩850.6b

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

BOE Varitronix

Market Cap: HK$4.5b

An investment holding company, designs, manufactures, and sells liquid crystal display and related products in the People’s Republic of China, Europe, the United States, Korea, Japan, and internationally.

China Railway Group

Market Cap: CN¥129.2b

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

Sinoma International EngineeringLtd

Market Cap: CN¥23.5b

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

China Resources Land

Market Cap: HK$219.6b

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

Indofood Sukses Makmur

Market Cap: Rp67.6t

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

Assetwise

Market Cap: ฿5.1b

Engages in property development and other real estate activities in Thailand.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥8.6b

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

Proya CosmeticsLtd

Market Cap: CN¥32.1b

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

Perrigo

Market Cap: €3.2b

Provides over-the-counter health and wellness solutions in the United States, Europe, and internationally.

Origin Enterprises

Market Cap: €407.7m

Provides agronomy services company in Ireland, the United Kingdom, Brazil, Poland, Romania, Latin America, and internationally.

Silgan Holdings

Market Cap: US$4.9b

Manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally.

Cheerwin Group

Market Cap: €3.3b

An investment holding company, manufactures and trades household insecticides and repellents, household cleaning, air care, personal care, pet stores and pet products, and other products in the People’s Republic of China.

Anheuser-Busch InBev

Market Cap: €100.3b

Produces, distributes, exports, markets, and sells beer in North America, Middle Americas, South America, Europe, the Middle East, Africa, and the Asia Pacific.

Business First Bancshares

Market Cap: US$746.3m

Operates as the bank holding company for b1BANK that provides various banking products and services in Louisiana and Texas.

Prosegur Cash

Market Cap: €1.0b

Provides integrated cash cycle management solutions and automating payments in retail establishments and ATM management for financial institutions, retail establishments, business, government agencies, central banks, mints, and jewellery stores in Europe, LATAM, and internationally.

EKINOPS

Market Cap: €84.5m

Provides network solutions to service providers and enterprises worldwide.

Global Dominion Access

Market Cap: €476.1m

Provides integral services for business process efficiency and sustainability worldwide.

Hollywood Bowl Group

Market Cap: UK£411.5m

Operates ten-pin bowling and mini-golf centers in the United Kingdom and internationally.