Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Carlsberg

Market Cap: US$108.7b

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

Seojin SystemLtd

Market Cap: ₩1.3t

Provides telecom equipment, repeaters, mechanical products, and LED and other equipment.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥12.2b

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

Aeris Resources

Market Cap: AU$517.1m

Explores, produces, and sells precious metals in Australia.

Bethel Automotive Safety Systems

Market Cap: CN¥28.6b

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

MC Group

Market Cap: ฿8.6b

Engages in the manufacture and distribution management of clothing and accessories in Thailand.

GWA Group

Market Cap: AU$632.4m

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

Shenzhen Transsion Holdings

Market Cap: CN¥74.2b

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

Jiang Zhong PharmaceuticalLtd

Market Cap: CN¥13.8b

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

Cheerwin Group

Market Cap: HK$3.0b

An investment holding company, manufactures and trades household insecticides and repellents, household cleaning, air care, personal care, pet stores and pet products, and other products in the People’s Republic of China.

Hu Lane Associate

Market Cap: NT$15.3b

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

China Pacific Insurance (Group)

Market Cap: CN¥327.3b

Provides insurance products to individual and institutional customers in the People’s Republic of China.

Hoa Phat Group

Market Cap: ₫209.5t

Produces and sells steel products in Vietnam.

Sinoma International EngineeringLtd

Market Cap: CN¥24.4b

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

IRB Infrastructure Developers

Market Cap: ₹269.0b

Engages in the infrastructure development business in India.

Stanmore Resources

Market Cap: AU$2.0b

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

Jiangsu King's Luck Brewery Ltd

Market Cap: CN¥48.0b

Jiangsu King's Luck Brewery Joint-Stock Co.,Ltd.

Allied Properties Real Estate Investment Trust

Market Cap: €1.9b

Allied is a leading owner-operator of distinctive urban workspace in Canada’s major cities.

Aeon (M) Bhd

Market Cap: RM 1.7b

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

Apeloa PharmaceuticalLtd

Market Cap: CN¥17.8b

Provides raw materials and intermediates to various pharmaceutical factories in the People’s Republic of China and internationally.

Sinoma International EngineeringLtd

Market Cap: CN¥24.4b

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

Horizon Construction Development

Market Cap: HK$3.8b

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

Beijing New Building Materials

Market Cap: CN¥41.2b

Manufactures and sells building materials in China and internationally.

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.

ISOTeam

Market Cap: S$62.7m

Operates in the building maintenance and estate upgrading industry in Singapore.

Tenaga Nasional Berhad

Market Cap: RM 77.4b

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

Guangdong Haid Group

Market Cap: CN¥96.7b

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

Monash IVF Group

Market Cap: AU$233.8m

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

MEGA P&C Advanced Materials (Shanghai)

Market Cap: CN¥5.0b

Produces and sells solid content, water-based solvent free, and special function coating products in China.

Adairs

Market Cap: AU$338.7m

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

Anker Innovations

Market Cap: CN¥56.3b

Develops and sells mobile charging products.

China South Publishing & Media Group

Market Cap: CN¥21.7b

Engages in publishing, printing, distribution, media, and financing businesses in China.

China Conch Venture Holdings

Market Cap: HK$18.8b

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

Aurelia Metals

Market Cap: AU$397.8m

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

C&D International Investment Group

Market Cap: HK$38.0b

An investment holding company, engages in the property development, real estate industry chain investment services, and industry investment activities in the People’s Republic of China.