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.

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.

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.

Haidilao International Holding

Market Cap: HK$76.7b

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

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.

Acrow

Market Cap: AU$323.4m

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

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.

Proya CosmeticsLtd

Market Cap: CN¥32.7b

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

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥12.5b

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

Military Commercial Bank

Market Cap: ₫197.7t

Provides banking products and services.

Select Harvests

Market Cap: AU$520.1m

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

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.

Beijing New Building Materials

Market Cap: CN¥45.3b

Manufactures and sells building materials in China and internationally.

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.

H.G. Infra Engineering

Market Cap: ₹64.5b

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

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.

Tenaga Nasional Berhad

Market Cap: RM 79.2b

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

Sasseur Real Estate Investment Trust

Market Cap: S$863.0m

Invests in a portfolio of real estate and related assets.

Sinoma International EngineeringLtd

Market Cap: CN¥24.3b

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

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.

Vardhman Textiles

Market Cap: ₹115.6b

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

LX Semicon

Market Cap: ₩891.3b

Operates as a semiconductor company in South Korea, China, Vietnam, Taiwan, Japan, and internationally.

Horizon Construction Development

Market Cap: HK$4.2b

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

Geely Automobile Holdings

Market Cap: CN¥194.4b

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

Aeon (M) Bhd

Market Cap: RM 1.9b

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

ACC

Market Cap: ₹335.7b

Engages in the manufacture and sale of cement and ready-mix concrete in India.

Jonjee Hi-Tech Industrial and Commercial HoldingLtd

Market Cap: CN¥14.6b

Produces and sells seasoning products in China and internationally.

Ganyuan Foods

Market Cap: CN¥5.3b

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

Jiangsu Xinquan Automotive TrimLtd

Market Cap: CN¥23.3b

Designs, develops, manufactures, sells, and supplies auto parts in China.

Econocom Group

Market Cap: €304.0m

Designs and develops digital solutions for public and private companies in Belgium and internationally.

Singulus Technologies

Market Cap: €15.6m

Develops and assembles machines and systems for thin-film coating and surface treatment processes worldwide.

Amneal Pharmaceuticals

Market Cap: €2.8b

A global biopharmaceutical company, develops, manufactures, markets, and distributes generics, injectables, biosimilars, and specialty branded pharmaceutical products worldwide.

Valeura Energy

Market Cap: €879.6m

Engages in the exploration, development, and production of petroleum and natural gas in Thailand and in Turkey.