Global Retail Undiscovered Gems With Strong Fundamentals

Grupo Gigante S. A. B. de C. V

Market Cap: Mex$30.3b

Operates convenience stores and restaurants in Mexico, Central America, and Chile.

Jordanian Duty Free Shops

Market Cap: د.أ148.5m

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

Terminal X Online

Market Cap: ₪765.2m

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

AlpenLtd

Market Cap: JP¥88.1b

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

AOKI Holdings

Market Cap: JP¥140.1b

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

YagiLtd

Market Cap: JP¥26.0b

Operates as a fiber trading company in Japan.

DoshishaLtd

Market Cap: JP¥103.4b

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

PC Jeweller

Market Cap: ₹88.4b

Manufactures, sells, and trades in gold, diamond, silver articles, precious stone, and gold and diamond studded jewelry in India.

Baazeem Trading

Market Cap: ر.س674.3m

Operates as a FMCG distribution company.

N. Varveris-Moda Bagno

Market Cap: €101.2m

Engages in the retail trade of bathroom and kitchen products in Europe.

Atlan Holdings Bhd

Market Cap: RM 621.4m

An investment holding company, engages in the manufacture and sale of automotive components in Malaysia.

APB Apranga

Market Cap: €173.6m

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

Agencia Comercial Spirits

Market Cap: US$207.2m

Imports, procures, distributes, and sells bottled, raw cask, and proprietary brand whisky products in Taiwan and international markets.

Shanghai Shenda

Market Cap: CN¥6.9b

Engages in the import and export trading of textile products in China.

D. P. Abhushan

Market Cap: ₹34.6b

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

Motisons Jewellers

Market Cap: ₹16.3b

Engages in the manufacture and retail of jewelry in India.

Marketing Home Group Company for Trading

Market Cap: ر.س1.1b

Operates as a trading company in the Kingdom of Saudi Arabia, the United Arab Emirates, the People’s Republic of China, Kingdom of Spain, and Arab Republic of Egypt.

Caturkarda Depo Bangunan

Market Cap: Rp1.8t

Operates a building materials supermarket in Indonesia.

CFAO Motors Cote d'Ivoire

Market Cap: XOF 359.1b

Distributes vehicles and spare parts under the Citroën, Peugeot, Toyota, Mitsubishi, Yamaha, Suzuki, and JCB et Bridgestone brands in Africa and France.

Fox-Wizel

Market Cap: ₪5.2b

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

Auto Nejma Maroc

Market Cap: د.م4.7b

Engages in the importing, distribution, marketing, and exporting of passenger and utility vehicles, spare parts, and automobile accessories in Morocco.

CA Sales Holdings

Market Cap: P6.8b

Engages in the fast-moving consumer good business in Botswana, Eswatini, Namibia, South Africa, Lesotho, Mauritius, Zambia, and Zimbabwe.

LVMC Holdings

Market Cap: ₩311.2b

Manufactures, imports, and distributes automobiles and motorcycles in Vietnam and internationally.

Yellow Hat

Market Cap: JP¥128.2b

Yellow Hat Ltd. is involved in the retail of car and motorcycle accessories.

SPK

Market Cap: JP¥23.1b

Engages in the trading of automotive spare parts and accessories, and industrial vehicle parts in Japan, Asia, Oceania, Central America, and South America.

Gansu Guofang Industry & Trade (Group)

Market Cap: CN¥7.4b

Gansu Guofang Industry & Trade (Group) Co., Ltd.

Empresas Tricot

Market Cap: CL$282.9b

Engages in the sale of clothing and fashion accessories in Chile.

Organización Terpel

Market Cap: Col$2.9t

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

Glorious Sun Enterprises

Market Cap: HK$2.0b

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

Saga Falabella

Market Cap: S/1.0b

Operates chain of department stores in Peru.

Fiamma Holdings Berhad

Market Cap: RM 599.2m

Engages in the distribution and servicing of electrical home appliances in Malaysia.

PNGS Gargi Fashion Jewellery

Market Cap: ₹11.1b

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

Radhika Jeweltech

Market Cap: ₹10.6b

Engages in the manufacture and retail of jewelry in India.

GNG Electronics

Market Cap: ₹39.5b

GNG Electronics Limited refurbishes, repairs, and sells laptops, desktops, tablets, servers, smartphones, mobile workstations, and accessories in India.

Manoj Vaibhav Gems 'N' Jewellers

Market Cap: ₹9.9b

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

Lewis Group

Market Cap: R3.9b

Engages in the retail of household furniture, home appliances, electronic goods, and homewares in South Africa, Botswana, Lesotho, Eswatini, and Namibia.