Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Huaqin Technology

Market Cap: CN¥89.3b

Engages in the development, manufacturing, and operation service of software, hardware, systems for tech companies worldwide.

Carlsberg

Market Cap: US$108.3b

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

Middle East Healthcare

Market Cap: ر.س3.7b

A healthcare provider, owns and operates a network of hospitals under the Saudi German Hospital name in the Middle East and North Africa.

Shenzhen Transsion Holdings

Market Cap: CN¥74.9b

Provides smart devices and mobile services in Africa, South and Southeast Asia, the Middle East, Latin America, and internationally.

ISOTeam

Market Cap: S$62.7m

Operates in the building maintenance and estate upgrading industry in Singapore.

AWC Berhad

Market Cap: RM 200.2m

An investment holding company, provides integrated facilities management and engineering services.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥8.6b

Provides chemical supply chain solutions worldwide.

NetEase Cloud Music

Market Cap: HK$41.9b

An investment holding company, engages in the operation of online platforms to provide music and social entertainment services in the People’s Republic of China.

Sichuan Baicha Baidao Industrial

Market Cap: HK$9.8b

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

National Medical Care

Market Cap: ر.س6.5b

National Medical Care Company establishes, owns, equips, manages, maintains, and operates healthcare facilities in the Kingdom of Saudi Arabia.

China Conch Venture Holdings

Market Cap: HK$18.7b

An investment holding company, provides various package solutions for energy conservation and environmental protection in Mainland China and the Asia-Pacific.

MOIL

Market Cap: ₹66.6b

Engages in the exploration, development, and marketing of various grades of manganese ores in India and Internationally.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥11.5b

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

Srisawad Corporation

Market Cap: ฿42.0b

Provides financial services in Thailand and internationally.

Emaar Properties PJSC

Market Cap: د.إ117.1b

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

Aeris Resources

Market Cap: AU$511.4m

Explores, produces, and sells precious metals in Australia.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥11.3b

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.

IPH

Market Cap: AU$910.0m

Provides intellectual property (IP) services and products.

Guangdong Haid Group

Market Cap: CN¥93.0b

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

REC

Market Cap: ₹938.5b

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

Tenaga Nasional Berhad

Market Cap: RM 76.5b

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

China Overseas Property Holdings

Market Cap: HK$16.4b

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

C&D International Investment Group

Market Cap: HK$37.9b

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$380.8m

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

Trajan Group Holdings

Market Cap: AU$103.7m

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.

MC Group

Market Cap: ฿8.5b

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

Inspur Digital Enterprise Technology

Market Cap: HK$8.4b

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.

Chambal Fertilisers and Chemicals

Market Cap: ₹177.1b

Produces and sells fertilizers primarily in India.

China Resources Land

Market Cap: HK$218.2b

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

Horizon Construction Development

Market Cap: HK$3.7b

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

Sinoma International EngineeringLtd

Market Cap: CN¥24.9b

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

Jiang Zhong PharmaceuticalLtd

Market Cap: CN¥13.7b

Engages in the manufacture of pharmaceutical products in China.

Apeloa PharmaceuticalLtd

Market Cap: CN¥18.5b

Provides raw materials and intermediates to various pharmaceutical factories in the People’s Republic of China and internationally.

Micro-Tech (Nanjing)Ltd

Market Cap: CN¥14.5b

Researches, develops, manufactures, and sells minimally invasive medical devices to hospitals and clinics worldwide.

Haidilao International Holding

Market Cap: HK$76.0b

An investment holding company, engages in the restaurant operation and delivery businesses in Mainland China, Hong Kong, Macau, and Taiwan.