Global Potentially Undervalued Companies

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.

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Beijing New Building Materials

Market Cap: CN¥44.9b

Manufactures and sells building materials in China and internationally.

Ganyuan Foods

Market Cap: CN¥5.5b

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

Shandong Yisheng Livestock & Poultry Breeding

Market Cap: CN¥8.9b

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd.

ShenZhen YUTO Packaging Technology

Market Cap: CN¥21.6b

ShenZhen YUTO Packaging Technology Co., Ltd.

Micro-Tech (Nanjing)Ltd

Market Cap: CN¥12.3b

Researches, develops, manufactures, and sells minimally invasive medical devices to hospitals and clinics worldwide.

China National Building Material

Market Cap: HK$27.2b

An investment holding company, engages in building material, new materials, and engineering technical services businesses.

Shenzhen Transsion Holdings

Market Cap: CN¥89.9b

Manufactures and sells smart devices in Africa and internationally.

Jiangsu Xinquan Automotive TrimLtd

Market Cap: CN¥22.8b

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

Sunshine Insurance Group

Market Cap: HK$39.3b

Provides various insurance products and related services in the People’s Republic of China.

Xiamen C&D

Market Cap: CN¥29.1b

Engages in the supply chain and real estate development businesses in China and internationally.

IPH

Market Cap: AU$1.2b

Provides intellectual property (IP) services and products.

Adaro Minerals Indonesia

Market Cap: Rp41.7t

Engages in metallurgical coal mining business in Indonesia.

Longfor Group Holdings

Market Cap: HK$69.5b

An investment holding company, engages in the property development, commercial investment, asset management, property management, and smart construction businesses in the People’s Republic of China.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥11.6b

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

Hu Lane Associate

Market Cap: NT$15.0b

Engages in manufacture and sale of terminal devices, terminal crimping, industrial rubber, and plastic products in Taiwan.

ANE (Cayman)

Market Cap: HK$9.2b

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

Acrow

Market Cap: AU$308.0m

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

Ningbo Deye Technology Group

Market Cap: CN¥48.8b

Engages in the production and sales of heat exchangers, inverters, and dehumidifiers in China, the United Kingdom, the United States, Germany, India, and internationally.

Sinoma International EngineeringLtd

Market Cap: CN¥23.0b

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

Jonjee Hi-Tech Industrial and Commercial HoldingLtd

Market Cap: CN¥14.6b

Produces and sells seasoning products in China and internationally.

Middle East Healthcare

Market Cap: ر.س5.1b

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

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.5b

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.

Proya CosmeticsLtd

Market Cap: CN¥32.7b

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

Trajan Group Holdings

Market Cap: AU$106.7m

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.

China Resources Land

Market Cap: HK$200.4b

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

Luxi Chemical Group

Market Cap: CN¥20.3b

Manufactures and sells chemical and fertilizer products.

Tsingtao Brewery

Market Cap: HK$87.7b

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

Havas

Market Cap: €1.5b

Provides communications and marketing services in France, the United Kingdom, rest of Europe, North America, Latin America, the Asia-Pacific, and Africa.

MGM Resorts International

Market Cap: US$8.6b

Through its subsidiaries, operates as a gaming and entertainment company in the United States, China, and internationally.

CES Energy Solutions

Market Cap: €1.5b

Engages in the design, implementation, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada.

Steelcase

Market Cap: €1.2b

Provides a portfolio of furniture and architectural products and services in the United States and internationally.

Universal Health Services

Market Cap: US$11.0b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities.

Afry

Market Cap: SEK 17.8b

Provides engineering, design, and advisory services for the infrastructure, industry, and energy sectors in the Nordics, North America, South America, Asia, rest of Europe, and internationally.

Loomis

Market Cap: SEK 25.9b

Provides secure payment solutions in the United States, France, Switzerland, Spain, the United Kingdom, Sweden, and internationally.