Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

q.beyond

Market Cap: €109.1m

Engages in the cloud, applications, artificial intelligence (AI), and security business in Germany and internationally.

Carlsberg

Market Cap: US$108.2b

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

Tenaga Nasional Berhad

Market Cap: US$78.0b

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

Corpovael. de

Market Cap: Mex$994.7m

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

Tenaga Nasional Berhad

Market Cap: RM 78.0b

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

REC

Market Cap: ₹996.5b

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

China Railway Group

Market Cap: CN¥130.0b

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

Binggrae

Market Cap: ₩647.2b

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

Security Bank

Market Cap: ₱55.4b

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

Micro-Star International

Market Cap: NT$103.5b

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

Innocean Worldwide

Market Cap: ₩743.2b

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

China Mengniu Dairy

Market Cap: HK$59.8b

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

Proya CosmeticsLtd

Market Cap: CN¥31.9b

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.

F&F

Market Cap: ₩2.6t

Manufactures and sells sewn wearing apparels in South Korea.

Jinzai Food GroupLtd

Market Cap: CN¥5.5b

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

Emaar Properties PJSC

Market Cap: د.إ125.1b

Engages in the property investment, development, and development management business in the United Arab Emirates and internationally.

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.

Ganyuan Foods

Market Cap: CN¥5.3b

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

Renault

Market Cap: €9.3b

Engages in the design, manufacture, sale, repair, maintenance, and leasing of motor vehicles in Europe, Eurasia, Africa, the Middle East, the Asia Pacific, and the Americas.

LX Semicon

Market Cap: ₩866.9b

Operates as a semiconductor company in South Korea, China, Vietnam, Taiwan, Japan, and internationally.

Bangchak Corporation

Market Cap: ฿43.0b

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

Hyosung TNC

Market Cap: ₩960.2b

Manufactures and sells fiber in South Korea and internationally.

Summerset Group Holdings

Market Cap: AU$2.6b

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

Foxsemicon Integrated Technology

Market Cap: NT$31.9b

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

Beijing New Building Materials

Market Cap: CN¥43.0b

Manufactures and sells building materials in China and internationally.

CLIO CosmeticsLtd

Market Cap: ₩250.1b

Provides makeup products in South Korea and internationally.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.6b

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.

Jiangsu King's Luck Brewery Ltd

Market Cap: CN¥52.3b

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

Proya CosmeticsLtd

Market Cap: CN¥31.9b

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

Guangdong Mingyang ElectricLtd

Market Cap: CN¥13.4b

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

China Overseas Property Holdings

Market Cap: HK$17.1b

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

WemadeLtd

Market Cap: ₩950.0b

Develops and publishes games in South Korea and internationally.

Bethel Automotive Safety Systems

Market Cap: CN¥29.2b

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

Cheil Worldwide

Market Cap: ₩2.0t

Provides various marketing solutions worldwide.