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$103.4b

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

Worley

Market Cap: AU$7.2b

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

True Corporation

Market Cap: ฿369.7b

Provides telecommunications and value-added services in Thailand.

China Resources Land

Market Cap: HK$214.6b

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

Trajan Group Holdings

Market Cap: AU$114.4m

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.

Horizon Construction Development

Market Cap: HK$3.8b

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

Assetwise

Market Cap: ฿4.9b

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

Bank of China

Market Cap: HK$1.7t

Provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally.

Aeon (M) Bhd

Market Cap: RM 1.8b

Operates and manages a retail chain of departmental stores and supermarkets in Malaysia.

Vardhman Textiles

Market Cap: ₹120.6b

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

China Mengniu Dairy

Market Cap: HK$56.7b

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

Aurora Design

Market Cap: ฿18.9b

Trades gold jewelry in Thailand.

Haidilao International Holding

Market Cap: HK$71.2b

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

C&D International Investment Group

Market Cap: HK$40.1b

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.

REC

Market Cap: ₹1.0t

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

Middle East Healthcare

Market Cap: ر.س5.2b

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

Beijing New Building Materials

Market Cap: CN¥41.1b

Manufactures and sells building materials in China and internationally.

Industrial Bank

Market Cap: CN¥428.3b

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

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥8.7b

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

China Overseas Property Holdings

Market Cap: HK$16.3b

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

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.4b

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.

Ganyuan Foods

Market Cap: CN¥5.1b

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

Sasseur Real Estate Investment Trust

Market Cap: S$866.4m

Invests in a portfolio of real estate and related assets.

China Construction Bank

Market Cap: HK$2.0t

Engages in the provision of various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally.

Sinoma International EngineeringLtd

Market Cap: CN¥22.9b

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

Tsingtao Brewery

Market Cap: HK$85.5b

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

MC Group

Market Cap: ฿8.6b

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

Emaar Properties PJSC

Market Cap: د.إ120.2b

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

Bank of China

Market Cap: HK$1.7t

Provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally.

Inspur Digital Enterprise Technology

Market Cap: HK$10.8b

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.

Tenaga Nasional Berhad

Market Cap: RM 77.4b

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

CapitaLand Malaysia Trust

Market Cap: RM 2.1b

CapitaLand Malaysia Trust (CLMT) is a real estate investment trust (REIT) and was listed on the Main Market of Bursa Malaysia Securities Berhad on 16 July 2010.

IPH

Market Cap: AU$970.1m

Provides intellectual property (IP) services and products.

Shandong Yisheng Livestock & Poultry Breeding

Market Cap: CN¥9.4b

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd.

Monash IVF Group

Market Cap: AU$261.1m

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