Global Retail Undiscovered Gems With Strong Fundamentals

Blue Pearl Agriventures

Market Cap: ₹50.0b

Engages in the preparing, manufacturing, processing, marketing, trading, import, export, improving, selling and dealing in all kinds of agro/agri/food products including but not limited to spices, oil seeds, grains, vegetables, herbs, pickles and other items derived from agricultural, farming or relevant activities.

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.

Skel fjárfestingafélag hf

Market Cap: ISK 27.8b

An investment company, engages in the purchasing, distribution, and wholesale of fuel, lubricants, cleaning and chemical products, fertilizers, and other products and services to companies and farmers in Iceland.

NEW ART HOLDINGS

Market Cap: JP¥24.4b

Operates bridal jewelry business in Japan.

GSI Creos

Market Cap: JP¥28.1b

Offers textiles and industrial products worldwide.

Mitra Pinasthika Mustika

Market Cap: Rp4.2t

Through its subsidiaries, engages in the distribution of two-wheel vehicle and spare parts under Honda brand primarily in Indonesia.

ZJAMP Group

Market Cap: CN¥5.1b

Engages in the production and sale of pesticides and fertilizers in China and internationally.

Fitaihi Holding Group

Market Cap: ر.س858.0m

Provides gold, jewelry, and luxury products primarily in Saudi Arabia.

BMMI B.S.C

Market Cap: ب.د58.4m

Engages in the wholesale and retail of food, beverages, and other consumable items.

Alleanza Holdings

Market Cap: JP¥31.3b

Engages in the home improvement, pet shops, and other related businesses.

JADE GROUPInc

Market Cap: JP¥16.7b

Operates a mail order site for providing shoes.

Hoang Huy Investment Services

Market Cap: ₫6.4t

Engages in the trading of passenger cars, trucks and spare parts, and equipment in Vietnam.

GOLFZON HOLDINGS

Market Cap: ₩195.1b

Through its subsidiaries, engages in the golf, sports, health, and lifestyle businesses in South Korea and internationally.

Shanghai Yimin Commercial Group

Market Cap: CN¥4.6b

Shanghai Yimin Commercial Group Co., Ltd.

Kintetsu Department Store

Market Cap: JP¥74.7b

Operates department stores in Japan.

Shenzhen Tellus Holding

Market Cap: CN¥7.2b

Engages in property leasing and services, and jewelry operation activities in China.

Centrale d'Achat Française pour l'Outre-Mer Société Anonyme

Market Cap: €104.1m

Engages in the provision of home furnishing products in Europe and Asia.

Nelly Group

Market Cap: SEK 2.7b

Operates as a fashion company in Sweden, rest of Nordics, and internationally.

TotalEnergies Marketing Sénégal

Market Cap: XOF 80.8b

Engages in the distribution of fuels in Senegal.

India Motor Parts & Accessories

Market Cap: ₹13.4b

Sells and distributes automobile spare parts and accessories in India.

Carreras

Market Cap: JA$85.7b

Carreras Limited markets and distributes cigarettes primarily in Jamaica.

Al Soor Fuel Marketing Company K.S.C.P

Market Cap: د.ك114.0m

Engages in the sale of fuel and other related services in the State of Kuwait.

Sinomach AutomobileLtd

Market Cap: CN¥9.5b

Provides automotive trade in China.

Munsin Garment

Market Cap: NT$3.1b

Manufactures and trades in various ready-made garments, knitwear, and fabrics in Taiwan.

Sona Topas Tourism Industry

Market Cap: Rp1.8t

Offers travel agency and other reservation services in Indonesia.

Vakrangee

Market Cap: ₹9.2b

A technology company, provides e-commerce, white label ATM, financial, and logistics services in India.

Singer (Sri Lanka)

Market Cap: LK₨111.6b

Engages in the retail and wholesale marketing, financing, assembling and manufacturing, and financial services businesses in Sri Lanka.

Bharat Global Developers

Market Cap: ₹19.3b

Engages in wholesale and trading of gold.

Delta Israel Brands

Market Cap: ₪2.7b

Designs, develops, markets, and sells various clothing products in Israel.

Ali Al-Ghanim Sons Automotive Company K.S.C.P

Market Cap: د.ك390.1m

Operates in the automotive business in Kuwait, Iraq, Egypt, and the United Arab Emirates.

Bourrelier Group

Market Cap: €261.9m

Operates do-it-yourself (DIY) stores in France, Belgium, and the Netherlands.

JTC

Market Cap: ₩278.9b

Operates retail shops in Japan and South Korea.

Bell-ParkLtd

Market Cap: JP¥35.5b

Bell-Park Co.,Ltd. provide services for information and communication devices in Japan.

MEB Corporation

Market Cap: ฿5.0b

Engages in distribution and service of e-books in Thailand.

Automobile Réseau Tunisien et Services

Market Cap: د.ت452.1m

Automobile Réseau Tunisien et Services S.A.

Yinchuan Xinhua Commercial (Group)

Market Cap: CN¥3.1b

Yinchuan Xinhua Commercial (Group) Co., Ltd.