Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

F&F

Market Cap: ₩2.7t

Manufactures and sells apparel and accessories in South Korea.

Anhui Expressway

Market Cap: CN¥23.5b

Engages in the construction, operation, management, and development of the toll roads and associated service sections in the People's Republic of China.

Sanwa Holdings

Market Cap: JP¥739.9b

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

JVM

Market Cap: ₩292.0b

Develops and sells automation systems and software of dispensing, packaging, and medication management for hospitals and pharmacies worldwide.

Hu Lane Associate

Market Cap: NT$13.8b

Engages in manufacture and sale of terminal devices, terminal crimping, industrial rubber, and plastic products in Taiwan.

MCNEX

Market Cap: ₩497.3b

Manufactures and sells camera modules in South Korea and internationally.

Acrow

Market Cap: AU$322.5m

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

Cheerwin Group

Market Cap: HK$3.2b

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.

Zhejiang Jiuzhou Pharmaceutical

Market Cap: CN¥16.1b

Operates as contract development and manufacturing organization (CDMO) company in China and internationally.

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥33.2b

Manufactures and sells power distribution in China and internationally.

DUG Technology

Market Cap: AU$253.2m

A technology company, provides hardware and software solutions for the technology and resource sectors in Australia, the United States, the United Kingdom, Malaysia, and the United Arab Emirates.

Hoa Phat Group

Market Cap: ₫205.7t

Produces and sells steel products in Vietnam.

China Resources Land

Market Cap: HK$218.8b

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

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥10.0b

Provides chemical supply chain solutions worldwide.

IRB Infrastructure Developers

Market Cap: ₹250.9b

Engages in the infrastructure development business in India.

Indofood Sukses Makmur

Market Cap: Rp59.7t

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

China Conch Venture Holdings

Market Cap: HK$19.1b

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

Srisawad Corporation

Market Cap: ฿41.5b

Provides financial services in Thailand and internationally.

Security Bank

Market Cap: ₱49.0b

Provides banking and financial products and services to wholesale and retail clients in the Philippines.

China Mobile

Market Cap: HK$1.8t

Provides telecommunications and information related services in Mainland China and Hong Kong.

Huaibei Mining HoldingsLtd

Market Cap: CN¥33.8b

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

Grand Pharmaceutical Group

Market Cap: HK$27.4b

An investment holding company, engages in the research and development, manufacture, and sale of pharmaceutical preparations and medical devices, biotechnology and healthcare products, and pharmaceutical raw materials.

Future

Market Cap: JP¥168.1b

Provides IT consulting and services primarily in Japan.

China Mengniu Dairy

Market Cap: HK$63.2b

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

Huaqin Technology

Market Cap: CN¥87.6b

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

Industrial Bank

Market Cap: CN¥395.7b

Provides banking products and services in the People’s Republic of China.

Micro-Tech (Nanjing)Ltd

Market Cap: CN¥14.9b

Engages in the research, development, manufacturing, and sale of invasive medical devices in China and internationally.

Shanghai Zhonggu Logistics

Market Cap: CN¥21.5b

Provides container shipping services in China.

Emaar Properties PJSC

Market Cap: د.إ132.6b

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

MEGA P&C Advanced Materials (Shanghai)

Market Cap: CN¥5.4b

Produces and sells solid content, water-based solvent free, and special function coating products in China.

Hansen Technologies

Market Cap: AU$1.0b

Engages in the development, integration, and support of billing and customer information systems.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥10.0b

Provides chemical supply chain solutions worldwide.

Fosun International

Market Cap: HK$34.0b

Operates in the health, happiness, wealth, and intelligent manufacturing sectors in Mainland China, Portugal, and internationally.

Geely Automobile Holdings

Market Cap: CN¥174.5b

An investment holding company, operates as an automobile manufacturer primarily in the People’s Republic of China.

Inspur Digital Enterprise Technology

Market Cap: HK$6.1b

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.