Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Tenaga Nasional Berhad

Market Cap: US$77.1b

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

Shenzhen Transsion Holdings

Market Cap: CN¥85.5b

Provides smart devices and mobile services in Africa, South and Southeast Asia, the Middle East, Latin America, and internationally.

Indorama Ventures

Market Cap: ฿115.1b

Manufactures and distributes petrochemical products in Thailand, the United States, Brazil, and internationally.

Chambal Fertilisers and Chemicals

Market Cap: ₹195.1b

Produces and sells fertilizers primarily in India.

Bethel Automotive Safety Systems

Market Cap: CN¥29.0b

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

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥9.4b

Provides chemical supply chain solutions worldwide.

Jinzai Food GroupLtd

Market Cap: CN¥5.2b

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

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥9.4b

Provides chemical supply chain solutions worldwide.

Assetwise

Market Cap: ฿5.6b

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

Proya CosmeticsLtd

Market Cap: CN¥30.1b

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

Apeejay Surrendra Park Hotels

Market Cap: ₹31.9b

Owns and operates hotels in India.

Micro-Star International

Market Cap: NT$92.1b

Engages in the manufacture and sale of motherboards, interface cards, notebook computers, and other electronic products in Asia, Europe, the United States, and internationally.

Jiang Zhong PharmaceuticalLtd

Market Cap: CN¥13.5b

Engages in the research and development, production, and sale of Chinese patent medicines and health foods in Mainland China.

Binggrae

Market Cap: ₩634.8b

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

Beijing Urban Construction Investment & Development

Market Cap: CN¥11.1b

Beijing Urban Construction Investment & Development Co., Ltd.

Middle East Healthcare

Market Cap: ر.س4.8b

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

Nido Education

Market Cap: AU$150.2m

Owns, operates, and manages long day early childhood education and care centres under the Nido Early School brand in Australia.

Guangdong Haid Group

Market Cap: CN¥96.4b

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

Innocean Worldwide

Market Cap: ₩698.8b

Provides marketing and communications services in the Americas, Europe, Asia, Oceania, the Middle East, and internationally.

Sansiri

Market Cap: ฿24.6b

Engages in the property development business in Thailand.

Tenaga Nasional Berhad

Market Cap: RM 77.9b

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

China Resources Land

Market Cap: HK$208.5b

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

CapitaLand Malaysia Trust

Market Cap: RM 2.1b

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

China Mengniu Dairy

Market Cap: HK$55.9b

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

China Conch Venture Holdings

Market Cap: HK$17.8b

An investment holding company, provides various package solutions for energy conservation and environmental protection in Mainland China and the Asia-Pacific.

Horizon Construction Development

Market Cap: HK$3.7b

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

Raydium Semiconductor

Market Cap: NT$18.7b

Engages in the design, development, and sale of display drivers, sequential control, and power management integrated circuit (IC) products in China, Hong Kong, Taiwan, and internationally.

WemadeLtd

Market Cap: ₩950.0b

Develops and publishes games in South Korea and internationally.

Trajan Group Holdings

Market Cap: AU$122.0m

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.

Inspur Digital Enterprise Technology

Market Cap: HK$9.4b

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.

Beijing New Building Materials

Market Cap: CN¥40.2b

Manufactures and sells building materials in China and internationally.

Industrial Bank

Market Cap: CN¥432.4b

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

Adairs

Market Cap: AU$367.1m

Operates as a specialty retailer of home furnishings, furniture, and decoration products in Australia and New Zealand.

REC

Market Cap: ₹984.0b

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

Stanmore Resources

Market Cap: AU$1.9b

Engages in the exploration, development, production, and sale of metallurgical coal in Australia.