Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Hansen Technologies

Market Cap: AU$1.0b

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

Grafton Group

Market Cap: €1.7b

Distributes and sells building materials and construction related products in Ireland, the United Kingdom, Ireland, the Netherlands, Finland, and Spain.

Amphastar Pharmaceuticals

Market Cap: US$953.5m

A bio-pharmaceutical company, develops, manufactures, markets, and sells generic and proprietary injectable, inhalation, and intranasal products in the United States, China, and France.

Aegean Airlines

Market Cap: €1.1b

Operates as an airline company that engages in the provision of public airline transportation services in Greece and internationally.

ICG

Market Cap: UK£5.1b

A private equity firm specializing in direct and fund of fund investments.

Hoenle

Market Cap: €54.0m

Develops, manufactures, and distributes industrial UV technologies and systems in Germany and internationally.

Piraeus Bank

Market Cap: €10.2b

Provides various banking products and services in Greece, Europe, and internationally.

GWA Group

Market Cap: AU$527.3m

Research, designs, manufactures, imports, and markets building fixtures and fittings to residential and commercial premises in Australia, New Zealand, the United Kingdom, and internationally.

Industrial Bank

Market Cap: CN¥384.7b

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

Ingenia Communities Group

Market Cap: AU$1.7b

A leading operator, owner and developer of communities offering quality affordable rental and holiday accommodation focused on the growing seniors’ market in Australia.

Aurelia Metals

Market Cap: AU$431.8m

Engages in the exploration and production of mineral properties in Australia.

Bank Mandiri (Persero)

Market Cap: Rp419.6t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Malaysia, Hong Kong, Timor Leste, Shanghai, England, and the Cayman Islands.

Beijing New Building Materials

Market Cap: CN¥42.4b

Manufactures and sells building materials in China.

Ernst Russ

Market Cap: €273.6m

A publicly owned investment manager.

Aeris Resources

Market Cap: AU$431.0m

Explores, produces, and sells precious metals in Australia.

Rohto PharmaceuticalLtd

Market Cap: JP¥538.1b

Manufactures and markets pharmaceutical products, cosmetics, and functional foods worldwide.

Summerset Group Holdings

Market Cap: AU$2.1b

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

Security Bank

Market Cap: ₱49.7b

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

Aluminum Corporation of China

Market Cap: HK$230.0b

Primarily engages in the exploration and mining of bauxite, coal, and other resources in the People's Republic of China and internationally.

Nippon Paint Holdings

Market Cap: JP¥2.3t

Engages in the paints and fine chemicals businesses in Japan, Asia, the United States, Europe, and internationally.

GWA Group

Market Cap: AU$527.3m

Research, designs, manufactures, imports, and markets building fixtures and fittings to residential and commercial premises in Australia, New Zealand, the United Kingdom, and internationally.

Metcash

Market Cap: AU$3.1b

Operates as a wholesale distribution and marketing company in Australia.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp278.4t

Provides information and communications technology, and telecommunications network services worldwide.

Ricegrowers

Market Cap: AU$898.2m

Operates as a rice food company in Australia, New Zealand, the Pacific Islands, Europe, the Middle East, Africa, Asia, and North America.

Morimatsu International Holdings

Market Cap: HK$8.2b

Designs, manufactures, installs, operates, and maintains core equipment, process systems, and solutions primarily for chemical reactions, biological reactions, and polymerization.

Industri Jamu dan Farmasi Sido Muncul

Market Cap: Rp14.7t

Provides herbal medicines, cosmetics, and foods and beverage products in Indonesia.

Ping An Bank

Market Cap: CN¥213.5b

Provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally.

Sinopharm Group

Market Cap: HK$60.0b

Engages in the wholesale and retail of pharmaceutical and healthcare products, and medical devices in the People’s Republic of China.

Geely Automobile Holdings

Market Cap: CN¥248.6b

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

Genscript Biotech

Market Cap: HK$30.3b

An investment holding company, engages in the manufacture and sale of life science research products and services in the United States of America, Europe, Mainland China, Europe, Asia Pacific, and internationally.

Gourmet Master

Market Cap: NT$11.5b

Operates and franchises chain stores in China, Taiwan, Hong Kong, the United States, and internationally.

LHN

Market Cap: S$265.7m

An investment holding company, engages in space optimization, property development, facilities management services, and energy businesses in Singapore, Hong Kong, Myanmar, Indonesia, and Cambodia.

Guangdong Haid Group

Market Cap: CN¥78.1b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

Ansell

Market Cap: AU$3.7b

Designs, sources, develops, manufactures, distributes, and sells hand and body protection solutions in the Asia Pacific, Europe, the Middle East, Africa, Latin America, the Caribbean, and North America.

Indofood Sukses Makmur

Market Cap: Rp60.6t

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