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.

Corpovael. de

Market Cap: Mex$1.0b

Engages in the design, urbanization, construction, promotion, and sale of homes in Mexico.

Galp Energia SGPS

Market Cap: US$11.0b

Operates as an integrated energy operator in Portugal and internationally.

Highwood Asset Management

Market Cap: CA$77.5m

Together with its subsidiary, operates as an oil and gas exploration and production company in Canada.

Monash IVF Group

Market Cap: AU$274.7m

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

Bethel Automotive Safety Systems

Market Cap: CN¥28.8b

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

Indofood Sukses Makmur

Market Cap: Rp65.2t

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

Proya CosmeticsLtd

Market Cap: CN¥32.9b

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

China Overseas Property Holdings

Market Cap: HK$17.2b

An investment holding company, provides property management services in Hong Kong, Macau, and Mainland China.

Trajan Group Holdings

Market Cap: AU$121.9m

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.

Tenaga Nasional Berhad

Market Cap: RM 77.6b

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

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥13.0b

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¥32.9b

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

Assetwise

Market Cap: ฿4.7b

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

Acrow

Market Cap: AU$315.7m

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

Innocean Worldwide

Market Cap: ₩730.8b

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

Haidilao International Holding

Market Cap: HK$75.4b

An investment holding company, engages in the restaurant operation and delivery businesses.

F&F

Market Cap: ₩2.6t

Manufactures and sells sewn wearing apparels in South Korea.

Tsingtao Brewery

Market Cap: HK$86.1b

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

Gansu Shangfeng CementLtd

Market Cap: CN¥8.3b

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

Bangchak Corporation

Market Cap: ฿42.3b

Engages in the refining and marketing of petroleum products in Thailand, Singapore, Norway, Korea, Laos, and internationally.

Sinoma International EngineeringLtd

Market Cap: CN¥23.8b

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

Vardhman Textiles

Market Cap: ₹118.4b

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

Beijing Urban Construction Investment & Development

Market Cap: CN¥10.4b

Beijing Urban Construction Investment & Development Co., Ltd.

Summerset Group Holdings

Market Cap: AU$2.6b

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

Binggrae

Market Cap: ₩634.0b

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

Cheil Worldwide

Market Cap: ₩2.0t

Provides various marketing solutions worldwide.

Security Bank

Market Cap: ₱54.3b

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

Horizon Construction Development

Market Cap: HK$4.1b

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

Sasseur Real Estate Investment Trust

Market Cap: S$894.7m

Invests in a portfolio of real estate and related assets.

True Corporation

Market Cap: ฿390.4b

Provides telecommunications and value-added services in Thailand.

Hu Lane Associate

Market Cap: NT$15.7b

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

CLIO CosmeticsLtd

Market Cap: ₩247.4b

Provides makeup products in South Korea and internationally.

Sinoma International EngineeringLtd

Market Cap: CN¥23.8b

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

Foxsemicon Integrated Technology

Market Cap: NT$31.3b

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