Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Inspur Digital Enterprise Technology

Market Cap: HK$3.1b

An investment holding company, engages in management software development, cloud services, and sale of Internet of Things (IoT) solutions in the People’s Republic of China.

GWA Group

Market Cap: AU$535.7m

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

Anhui Conch Cement

Market Cap: CN¥99.3b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

Security Bank

Market Cap: ₱49.7b

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

Zhejiang Jiuzhou Pharmaceutical

Market Cap: CN¥11.3b

Operates as contract development and manufacturing organization (CDMO) company in China and internationally.

Beijing Dabeinong Technology GroupLtd

Market Cap: CN¥14.8b

Beijing Dabeinong Technology Group Co.,Ltd.

Far East Horizon

Market Cap: HK$35.4b

Provides various financial services in Mainland China, Hong Kong, and internationally.

New Hope Dairy

Market Cap: CN¥14.4b

Produces and sells dairy products in China.

BOC Aviation

Market Cap: HK$53.8b

Operates as an aircraft operating leasing company in Mainland China, Hong Kong, Macau, Taiwan, rest of the Asia Pacific, the Americas, Europe, the Middle East, and Africa.

Shenzhen YHLO Biotech

Market Cap: CN¥6.4b

Researches, develops, produces, sells, and services in vitro diagnostic instruments and reagents in China and internationally.

C&D International Investment Group

Market Cap: HK$35.6b

An investment holding company, engages in the property development business in the People’s Republic of China.

Centurion

Market Cap: S$1.2b

Owns, manages, and operates purpose-built accommodation assets in Singapore, Malaysia, Australia, the United Kingdom, and internationally.

Cheil Worldwide

Market Cap: ₩1.9t

Provides various marketing and advertising solutions worldwide.

Genscript Biotech

Market Cap: HK$28.4b

An investment holding company, engages in the manufacture and sale of life science research products and services in the United States of America, Europe, Mainland China, Europe, Asia Pacific, and internationally.

Guangdong Haid Group

Market Cap: CN¥74.6b

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

Chongqing Baiya Sanitary Products

Market Cap: CN¥6.6b

Chongqing Baiya Sanitary Products Co., Ltd.

Guoquan Food (Shanghai)

Market Cap: HK$6.6b

Operates as a home meal products company in Mainland China.

GF Securities

Market Cap: CN¥139.5b

Provides capital market services in China.

Indofood Sukses Makmur

Market Cap: Rp59.0t

Operates as a food solutions company in Indonesia, rest of Asia, Africa, and internationally.

Sinoma International EngineeringLtd

Market Cap: CN¥22.5b

Operates in the cement technology equipment and engineering services industry in China and internationally.

Tourism Holdings

Market Cap: NZ$484.4m

Operates as a tourism company worldwide.

Bear Electric ApplianceLtd

Market Cap: CN¥6.2b

Engages in the research and development, design, production, and sale of small household appliances under Bear brand name in China and internationally.

Apollo Tyres

Market Cap: ₹236.1b

Manufactures and sells automotive tires, tubes, and flaps in India and internationally.

Geely Automobile Holdings

Market Cap: CN¥209.7b

An investment holding company, operates as an automobile manufacturer primarily in the People’s Republic of China.

Fosun International

Market Cap: HK$32.5b

Operates in the health, happiness, wealth, and intelligent manufacturing sectors in Mainland China, Portugal, and internationally.

Ansell

Market Cap: AU$3.7b

Designs, sources, develops, manufactures, distributes, and sells hand and body protection solutions in the Asia Pacific, Europe, the Middle East, Africa, Latin America, the Caribbean, and North America.

Industri Jamu dan Farmasi Sido Muncul

Market Cap: Rp12.0t

Provides herbal medicines, cosmetics, and foods and beverage products in Indonesia.

Avia Avian

Market Cap: Rp19.6t

Manufactures and distributes paints and building materials in Indonesia.

Shenzhen Gas

Market Cap: CN¥18.8b

Provides urban gas, natural gas, and LPG energy.

Bangchak Corporation

Market Cap: ฿50.7b

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

Aeris Resources

Market Cap: AU$496.8m

Explores, produces, and sells precious metals in Australia.

JVM

Market Cap: ₩268.9b

Develops and sells automation systems and software of dispensing, packaging, and medication management for hospitals and pharmacies worldwide.

Sasseur Real Estate Investment Trust

Market Cap: S$847.4m

Invests in a portfolio of real estate and related assets.

China Overseas Property Holdings

Market Cap: HK$12.4b

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

Ping An Bank

Market Cap: CN¥207.3b

Provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally.