Global Utilities Healthy potentially undervalued

Telecom Plus

Market Cap: UK£1.1b

Provides utility services in the United Kingdom.

Northland Power

Market Cap: CA$4.5b

Operates as a power producer in Canada, the Netherlands, Germany, Colombia, Spain, the United States, and internationally.

REN - Redes Energéticas Nacionais SGPS

Market Cap: €2.1b

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

Engie Energia Chile

Market Cap: CL$1.4t

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

TAURON Polska Energia

Market Cap: zł15.3b

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

Gunkul Engineering

Market Cap: ฿16.3b

Generates and sells renewable energy in Thailand, Japan, and Vietnam.

Global Power Synergy

Market Cap: ฿96.6b

Engages in the production and distribution of electricity, steam, cooling, and water for industrial, government, and industrial customers in Thailand.

Enel Américas

Market Cap: CL$9.2t

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

PetroVietnam Power Nhon Trach 2

Market Cap: ₫7.0t

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

Centrica

Market Cap: UK£7.7b

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

Shenergy

Market Cap: CN¥39.4b

Engages in the development, investment, and operation of raw materials and projects related to energy construction in China.

Mahanagar Gas

Market Cap: ₹113.7b

Operates as a natural gas distribution company in India.

Drax Group

Market Cap: UK£2.8b

Engages in renewable power generation in the United Kingdom.

Zhejiang Zheneng Electric Power

Market Cap: CN¥69.2b

Zhejiang Zheneng Electric Power Co., Ltd.

Kunlun Energy

Market Cap: HK$64.2b

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.

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.

Origin Energy

Market Cap: AU$19.1b

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.

National Fuel Gas

Market Cap: US$7.3b

Operates as a diversified energy company.

Perusahaan Gas Negara

Market Cap: Rp45.1t

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

Mega First Corporation Berhad

Market Cap: RM 3.1b

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.

Naturgy Energy Group

Market Cap: €23.8b

Engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of gas.

Saudi Electricity

Market Cap: ر.س57.5b

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

Genesis Energy

Market Cap: NZ$2.7b

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

ENN Natural GasLtd

Market Cap: CN¥68.0b

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

Tokyo GasLtd

Market Cap: JP¥2.2t

Engages in the production, supply, and sale of city gas and LNG in Japan.

VERBUND

Market Cap: €21.6b

Generates, trades in, and sells electricity to energy exchange markets, traders, electric utilities and industrial companies, and household and commercial customers in Austria and internationally.

Colbún

Market Cap: CL$2.5t

Operates as an electric energy generating company.

Gas Malaysia Berhad

Market Cap: RM 5.4b

Sells, markets, and distributes natural gas to the industrial, commercial, and residential sectors in Malaysia.

National Central Cooling Company PJSC

Market Cap: د.إ8.8b

Supplies chilled water in the United Arab Emirates and internationally.

ENN Energy Holdings

Market Cap: HK$76.4b

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

Sembcorp Industries

Market Cap: S$10.4b

An investment holding company, engages in providing industrial and urban solutions in Singapore, the United Kingdom, China, India, rest of Asia, the Middle East, and internationally.