Global Utilities Healthy potentially undervalued

Petrovietnam Gas

Market Cap: ₫146.9t

Engages in the collection, transportation, processing, storage, distribution, importing, and trading of gas and gas related products in Vietnam.

Kunlun Energy

Market Cap: HK$59.4b

An investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas in the Republic of Kazakhstan, the Sultanate of Oman, and the Kingdom of Thailand.

National Central Cooling Company PJSC

Market Cap: د.إ8.6b

Supplies chilled water in the United Arab Emirates and internationally.

Saudi Electricity

Market Cap: ر.س64.8b

Generates, transmits, and distributes electricity in the Kingdom of Saudi Arabia.

REN - Redes Energéticas Nacionais SGPS

Market Cap: €2.0b

Engages in the transmission of electricity and natural gas in Portugal.

TAURON Polska Energia

Market Cap: zł15.1b

Through its subsidiaries, generates, distributes, and supplies electricity and heat in Poland and the Czech Republic.

Engie Energia Chile

Market Cap: CL$1.4t

Engages in the generation, transmission, and supply of electricity primarily in Chile.

Shaanxi Energy Investment

Market Cap: CN¥33.5b

Engages in thermal power generation, coal production business in China.

ENN Natural GasLtd

Market Cap: CN¥55.2b

Engages in natural gas distribution, trading, storage, transportation, production, and engineering in China.

Centrica

Market Cap: UK£7.9b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

AB Ignitis grupe

Market Cap: €1.5b

Engages in the generation and distribution of electricity and heat in Lithuania, Poland, Latvia, Finland, Estonia, and internationally.

Drax Group

Market Cap: UK£2.4b

Engages in renewable power generation in the United Kingdom.

Zhejiang Zheneng Electric Power

Market Cap: CN¥66.4b

Zhejiang Zheneng Electric Power Co., Ltd.

Enerjisa Enerji

Market Cap: ₺95.9b

Engages in the provision of electricity distribution, retail sales, and customer solutions in Turkey.

Origin Energy

Market Cap: AU$21.1b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

Perusahaan Gas Negara

Market Cap: Rp40.6t

Engages in the transmission and distribution of natural gas in Indonesia.

Mega First Corporation Berhad

Market Cap: RM 3.6b

Engages in renewable energy, resources, and packaging businesses in Malaysia, Lao PDR, other ASEAN countries, Papua New Guinea, India, Bangladesh, Australia, New Zealand, and internationally.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Market Cap: R$84.7b

Provides basic and environmental sanitation services in the São Paulo State, Brazil.

Inner Mongolia MengDian HuaNeng Thermal Power

Market Cap: CN¥26.7b

Engages in thermal power generation business.

Enel Américas

Market Cap: CL$9.9t

Generates, transmits, and distributes electricity in Brazil, Colombia, Central America, Argentina, and Peru.

Telecom Plus

Market Cap: UK£1.5b

Provides utility services in the United Kingdom.

Genesis Energy

Market Cap: NZ$2.7b

Generates, trades in, and sells electricity to residential and business customers in New Zealand.

PetroVietnam Power Nhon Trach 2

Market Cap: ₫6.6t

Engages in the production, transmission, and distribution of electricity in Vietnam.

Adani Power

Market Cap: ₹2.9t

Engages in the generation, transmission, and sale of electricity under long term power purchase agreements (PPAs), supplemental PPAs, medium and short term PPAs, and on merchant basis in India.

CPFL Energia

Market Cap: R$43.6b

Through its subsidiaries, engages in the electric power business in Brazil.

ENN Energy Holdings

Market Cap: HK$70.5b

An investment holding company, engages in the investment, construction, operation, and management of gas pipeline infrastructure in the People’s Republic of China.