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.

Carlsberg

Market Cap: US$110.4b

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

REC

Market Cap: ₹1.0t

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

SK

Market Cap: ₩10.2t

Engages in advanced materials, energy, life sciences and biopharmaceuticals, and digital businesses.

Acrow

Market Cap: AU$323.4m

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

CapitaLand Malaysia Trust

Market Cap: RM 2.0b

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.

Ganyuan Foods

Market Cap: CN¥5.3b

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

Sinoma International EngineeringLtd

Market Cap: CN¥24.3b

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

Haidilao International Holding

Market Cap: HK$76.7b

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

China Mengniu Dairy

Market Cap: HK$64.1b

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

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥12.5b

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

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥283.4b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Select Harvests

Market Cap: AU$520.1m

Engages in the growing, processing, packaging, and selling of almonds and its by-products in Australia.

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.

Ningbo Deye Technology Group

Market Cap: CN¥47.1b

Engages in the production and sales of heat exchangers, inverters, and dehumidifiers in South Africa, Brazil, Hongkong, Germany, India, and internationally.

Samsung C&T

Market Cap: ₩26.2t

Engages in the engineering and construction, trading and investment, fashion, and resort businesses in South Korea, Europe, the Middle East, Africa, the Asia Pacific, and the Americas.

Shenzhen Fuanna Bedding and FurnishingLtd

Market Cap: CN¥6.1b

Engages in the research and development, design, production, and sale of textile home furnishing, sleep home furnishing, and living products in China and internationally.

Hangzhou Binjiang Real Estate GroupLtd

Market Cap: CN¥30.2b

Provides real estate development services in China.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥12.5b

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

Shenzhen Fuanna Bedding and FurnishingLtd

Market Cap: CN¥6.1b

Engages in the research and development, design, production, and sale of textile home furnishing, sleep home furnishing, and living products in China and internationally.

H.G. Infra Engineering

Market Cap: ₹64.5b

Engages in the engineering, procurement, and construction (EPC) business in India.

CLIO CosmeticsLtd

Market Cap: ₩262.7b

Provides makeup products in South Korea and internationally.

WemadeLtd

Market Cap: ₩1.0t

Develops and publishes games in South Korea and internationally.

DUG Technology

Market Cap: AU$174.4m

Dug Technology Ltd, 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.

Tsingtao Brewery

Market Cap: HK$85.8b

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

Guangdong Mingyang ElectricLtd

Market Cap: CN¥12.4b

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

Jonjee Hi-Tech Industrial and Commercial HoldingLtd

Market Cap: CN¥14.6b

Produces and sells seasoning products in China and internationally.

Zhejiang Semir Garment

Market Cap: CN¥14.9b

Produces and sells casual apparels in China and internationally.

Trajan Group Holdings

Market Cap: AU$144.0m

Develops, manufactures, sells, and distributes analytical and life science products and devices in Australia, New Zealand, Malaysia, Japan, the United States, Europe, the Middle East, Africa, and India.

Bethel Automotive Safety Systems

Market Cap: CN¥30.3b

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

F&F

Market Cap: ₩2.4t

Manufactures and sells sewn wearing apparels in South Korea.

Military Commercial Bank

Market Cap: ₫197.7t

Provides banking products and services.

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥34.3b

Manufactures and sells power distribution and utilization systems in China and internationally.

Proya CosmeticsLtd

Market Cap: CN¥32.7b

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

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥13.1b

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.