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.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.9b

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.

WemadeLtd

Market Cap: ₩929.7b

Develops and publishes games in South Korea and internationally.

Vardhman Textiles

Market Cap: ₹119.3b

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

Gansu Shangfeng CementLtd

Market Cap: CN¥8.2b

Manufactures and sells building materials, and cement and cement clinker products in China.

Tsingtao Brewery

Market Cap: HK$86.9b

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

Miura

Market Cap: JP¥326.3b

Produces and sells boilers in Japan and internationally.

Carlsberg

Market Cap: US$107.5b

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

China Mengniu Dairy

Market Cap: HK$58.3b

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

Summerset Group Holdings

Market Cap: AU$2.7b

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

Proya CosmeticsLtd

Market Cap: CN¥32.8b

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

Binggrae

Market Cap: ₩628.7b

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

Assetwise

Market Cap: ฿5.0b

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

Acrow

Market Cap: AU$318.8m

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

Jinzai Food GroupLtd

Market Cap: CN¥5.6b

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

Guangdong Mingyang ElectricLtd

Market Cap: CN¥13.2b

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

Zhejiang Semir Garment

Market Cap: CN¥14.6b

Produces and sells casual apparels in China and internationally.

ANE (Cayman)

Market Cap: HK$9.5b

An investment holding company operates an express freight network in the less-than-truckload (LTL) market in China.

BOE Varitronix

Market Cap: HK$4.6b

An investment holding company, designs, manufactures, and sells liquid crystal display and related products in the People’s Republic of China, Europe, the United States, Korea, Japan, and internationally.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥8.7b

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

Monash IVF Group

Market Cap: AU$274.7m

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

China Railway Group

Market Cap: CN¥129.9b

Operates as a multi-functional integrated construction company in Mainland China and internationally.

Horizon Construction Development

Market Cap: HK$4.0b

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

China Resources Land

Market Cap: HK$221.1b

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

Indofood Sukses Makmur

Market Cap: Rp65.9t

Operates as a food solutions company in Indonesia, the Middle East, Africa, rest of Asia, internationally.

Shandong Yisheng Livestock & Poultry Breeding

Market Cap: CN¥9.6b

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd.

SK

Market Cap: ₩11.1t

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

Hyosung TNC

Market Cap: ₩932.2b

Manufactures and sells fiber in South Korea and internationally.

Sasseur Real Estate Investment Trust

Market Cap: S$888.4m

Invests in a portfolio of real estate and related assets.

Huaibei Mining HoldingsLtd

Market Cap: CN¥32.7b

Primarily engages in coal mining, washing, processing, sales, and storage business in China.

Ganyuan Foods

Market Cap: CN¥5.3b

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

Beijing Urban Construction Investment & Development

Market Cap: CN¥10.7b

Beijing Urban Construction Investment & Development Co., Ltd.

KH Neochem

Market Cap: JP¥98.5b

Researches, manufactures, and sells of petrochemical products in Japan and internationally.

Foxsemicon Integrated Technology

Market Cap: NT$30.7b

Engages in the research, development, design, manufacturing, and sale of semiconductor equipment subsystems and system integration in Taiwan, the United States, China, 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.