Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Carlsberg

Market Cap: US$108.2b

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

q.beyond

Market Cap: €109.1m

Engages in the cloud, applications, artificial intelligence (AI), and security business in Germany and internationally.

Tenaga Nasional Berhad

Market Cap: US$78.0b

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

Tenaga Nasional Berhad

Market Cap: RM 78.0b

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

Corpovael. de

Market Cap: Mex$994.7m

Engages in the design, urbanization, construction, promotion, and sale of homes in Mexico.

Renault

Market Cap: €9.3b

Engages in the design, manufacture, sale, repair, maintenance, and leasing of motor vehicles in Europe, Eurasia, Africa, the Middle East, the Asia Pacific, and the Americas.

Security Bank

Market Cap: ₱55.4b

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

China Mengniu Dairy

Market Cap: HK$59.8b

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

Binggrae

Market Cap: ₩647.2b

Engages in production and sale of dairy products in South Korea and internationally.

REC

Market Cap: ₹996.5b

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

China Railway Group

Market Cap: CN¥130.0b

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

Foxsemicon Integrated Technology

Market Cap: NT$31.9b

Engages in the research, development, design, manufacturing, and sale of semiconductor equipment subsystems and system integration in Taiwan, the United States, China, and internationally.

Guangdong Mingyang ElectricLtd

Market Cap: CN¥13.4b

Engages in the research, development, production, and sale of high/low voltage switchgear, transformer, and power transmission and distribution equipment in China.

Proya CosmeticsLtd

Market Cap: CN¥31.9b

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

Jiangsu King's Luck Brewery Ltd

Market Cap: CN¥52.3b

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

Worley

Market Cap: AU$7.3b

Provides professional services to the energy, chemicals, and resources sectors in the Americas, Europe, the Middle East, Africa, Australia, the Asia Pacific, and China.

Converge Information and Communications Technology Solutions

Market Cap: ₱86.3b

Converge Information and Communications Technology Solutions, Inc.

Haidilao International Holding

Market Cap: HK$73.6b

An investment holding company, engages in the restaurant operation and delivery businesses.

Sinoma International EngineeringLtd

Market Cap: CN¥23.2b

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

Gansu Shangfeng CementLtd

Market Cap: CN¥8.4b

Manufactures and sells building materials, and cement and cement clinker products in China.

Acrow

Market Cap: AU$317.2m

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

Indofood Sukses Makmur

Market Cap: Rp67.2t

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

Beijing Urban Construction Investment & Development

Market Cap: CN¥11.0b

Beijing Urban Construction Investment & Development Co., Ltd.

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.

Summerset Group Holdings

Market Cap: AU$2.6b

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

IPH

Market Cap: AU$1.0b

Provides intellectual property (IP) services and products.

Industrial Bank

Market Cap: CN¥445.9b

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

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.6b

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.

Beijing New Building Materials

Market Cap: CN¥43.0b

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.

Bethel Automotive Safety Systems

Market Cap: CN¥29.2b

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

WemadeLtd

Market Cap: ₩950.0b

Develops and publishes games in South Korea and internationally.

Tsingtao Brewery

Market Cap: HK$86.5b

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

Aurora Design

Market Cap: ฿19.2b

Trades gold jewelry in Thailand.

Middle East Healthcare

Market Cap: ر.س4.9b

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