Global Retail Undiscovered Gems With Strong Fundamentals

Jordanian Duty Free Shops

Market Cap: د.أ138.4m

Invests in, operates, and manages duty-free shops.

Baazeem Trading

Market Cap: ر.س629.8m

Operates as a FMCG distribution company.

AOKI Holdings

Market Cap: JP¥105.0b

Engages in the fashion, anniversary and bridal, entertainment, and real estate rental businesses in Japan.

YagiLtd

Market Cap: JP¥16.9b

Operates as a fiber trading company in Japan.

Terminal X Online

Market Cap: ₪615.1m

Offers clothing, footwear, fashion accessories, cosmetics, and beauty products for men, women, and teenager under various brands through online.

AlpenLtd

Market Cap: JP¥90.5b

Engages in the development and sale of sporting products in Japan.

Beijing Bashi Media

Market Cap: CN¥3.5b

Provides automotive services in China.

DoshishaLtd

Market Cap: JP¥77.7b

Plans, develops, produces, and sells lifestyle-related products in Japan and internationally.

Qingmu Tec

Market Cap: CN¥4.3b

Provides brand retail solutions.

Mr Max Holdings

Market Cap: JP¥22.6b

Operates discount stores in Japan.

Baida GroupLtd

Market Cap: CN¥3.6b

Primarily operates department stores under the Hangzhou Department Store name in China.

Shanghai Kaytune IndustrialLtd

Market Cap: CN¥2.4b

Provides e-commerce and customer relationship management services to enterprises.

Shanghai Jin Jiang Online Network Service

Market Cap: CN¥5.9b

Shanghai Jin Jiang Online Network Service Co., Ltd.

CIAK Grupa d.d

Market Cap: €130.2m

CIAK Grupa d.d., together with its subsidiaries, wholesale and retail of automotive parts.

Motisons Jewellers

Market Cap: ₹17.5b

Engages in the manufacture and retail of jewelry in India.

D. P. Abhushan

Market Cap: ₹32.6b

Engages in the manufacturing, sale, and trading of gold, diamond, platinum, silver, and other precious metals and ornaments in India.

Atlan Holdings Bhd

Market Cap: RM 634.1m

An investment holding company, primarily engages in the trading of duty-free goods, and dutiable and non-dutiable merchandise in Malaysia.

Lanzhou Lishang Guochao Industrial GroupLtd

Market Cap: CN¥3.7b

Operates department stores in China and internationally.

Castro Model

Market Cap: ₪1.3b

Engages in the retail sale of fashion products, home fashion, fashion accessories and cosmetics and care products in Israel.

Bahrain Duty Free Shop Complex BSC

Market Cap: ب.د59.8m

Operates the duty-free business in the new Bahrain international airport in the Kingdom of Bahrain.

APB Apranga

Market Cap: €168.1m

Engages in the retail trade of apparel in the Baltic States.

Empresas Tricot

Market Cap: CL$214.4b

Operates fashion stores in Chile.

Organización Terpel

Market Cap: Col$2.0t

Operates fuel service stations in Colombia, Panama, Ecuador, Peru, and the Dominican Republic.

Abdullah Saad Mohammed Abo Moati for Bookstores

Market Cap: ر.س799.0m

Engages in the retail and wholesale trading of stationary, computers, and other accessories in the Kingdom of Saudi Arabia.

Glorious Sun Enterprises

Market Cap: HK$1.9b

An investment holding company, engages in interior decoration and renovation business in Mainland China, Hong Kong, Australia, New Zealand, Canada, the United States, and internationally.

Sac's Bar Holdings

Market Cap: JP¥24.3b

Engages in the retail sale of bags, fashion goods, and related accessories in Japan.

Fox-Wizel

Market Cap: ₪4.3b

Designs, purchases, markets, and distributes of clothing, fashion accessories, underwear, footwear, fashion and sports accessories, home fashion, and baby and children's products.

Radhika Jeweltech

Market Cap: ₹10.9b

Engages in the manufacture and retail of jewelry in India.

Yellow Hat

Market Cap: JP¥119.0b

Operates a store network for the sale and installation of car goods and parts.

Fuji

Market Cap: JP¥34.6b

Develops, sells, imports, and exports tires, wheels, and accessories for automobiles in Japan.

Manoj Vaibhav Gems 'N' Jewellers

Market Cap: ₹11.0b

Engages in the jewelry retail business under the Vaibhav Jewellers brand in India.

Inner Mongolia Xinhua Distribution GroupLtd

Market Cap: CN¥4.3b

Inner Mongolia Xinhua Distribution Group Co.,Ltd.

PNGS Gargi Fashion Jewellery

Market Cap: ₹10.6b

Engages in the trading of fashion and costume jewelry, articles of silver, and other articles in India.

BasicNet

Market Cap: €381.8m

Operates in the sports and casual clothing, footwear, and accessories sectors in Europe, the Americas, Asia, Oceania, the Middle East, and Africa.

Americanas

Market Cap: R$1.2b

Operates in the e-commerce business in Brazil.

Hard Off CorporationLtd

Market Cap: JP¥26.0b

Operates reuse shops in Japan.