Global Utilities Undiscovered Gems With Strong Fundamentals

SG Mart

Market Cap: ₹41.1b

Engages in the trading of building material products in India.

Summit Power

Market Cap: ৳15.6b

Engages in the generation and supply of electricity in Bangladesh.

PBA Holdings Bhd

Market Cap: RM 658.7m

An investment holding company, operates as a water supplier in the state of Penang, Malaysia.

Pure Cycle

Market Cap: US$239.8m

Provides wholesale water and wastewater services in the United States.

Sociedad Eléctrica del Sur Oeste

Market Cap: S/714.3m

Engages distribution of electricity in Peru.

Xinjiang Torch Gas

Market Cap: CN¥2.2b

Operates as a gas service company in China.

Chongqing Gas Group

Market Cap: CN¥8.7b

Engages in the natural gas operation business in China and internationally.

Zhejiang Fuchunjiang Environmental ThermoelectricLTD

Market Cap: CN¥4.5b

Zhejiang Fuchunjiang Environmental Thermoelectric Co.,LTD.

Hua Na Hydropower

Market Cap: ₫5.9t

Engages in the electricity generation activities.

Transcorp Power

Market Cap: ₦2.7t

Engages in the generation and sale of electric power in Nigeria and internationally.

Vinacomin - Power Holding

Market Cap: ₫8.7t

Engages in the investment, construction, exploitation, and operation of thermal power and hydroelectric plants, and electronic factories using new energy, renewable energy, power grids, and power supply systems in Vietnam.

Transnational Corporation of Nigeria

Market Cap: ₦421.7b

Together with the subsidiaries, engages in the power, oil and gas, and hospitality businesses in Nigeria.

Sembcorp Salalah Power & Water Company SAOG

Market Cap: ر.ع88.8m

Sembcorp Salalah Power & Water Company SAOG builds, owns, and operates an electricity generation and seawater desalination plant in the Salalah region.

PTC India

Market Cap: ₹53.2b

Engages in the trading of power in India, Nepal, Bhutan, and Bangladesh.

ShinHsiung Natural Gas

Market Cap: NT$12.6b

Supplies natural gas in Taiwan.

Guangdong Shunkong DevelopmentLtd

Market Cap: CN¥8.3b

Engages in the production and sale of tap water in China.

Keiyo Gas

Market Cap: JP¥38.1b

Engages in the production, supply, and sale of gas in northwest of Chiba Prefecture, Japan.

Acinque

Market Cap: €402.6m

Operates as a multi-utility company in Italy.

ENERGOAQUA

Market Cap: Kč3.0b

Engages in the manufacture, distribution, and sale of energy media and services in the thermal energy, natural gas, and electricity.

Hunan Development Group

Market Cap: CN¥5.4b

Engages in the investment, development, construction, operation, and management of hydropower generation in China.

Thac Mo Hydro Power

Market Cap: ₫4.6t

Generates and supplies hydro power in Vietnam.

Sichuan Energy Investment Development

Market Cap: HK$2.7b

A vertically integrated power supplier and service provider, generates, distributes, and sells electricity primarily in Mainland China.

WindForce

Market Cap: LK₨33.8b

Operates as an independent power producer in the renewable energy generation sector in Sri Lanka, Pakistan, Uganda, and Ukraine.

Kot Addu Power

Market Cap: PK₨29.0b

Owns, operates, and maintains a multi-fuel fired power station located in Kot Addu, Punjab, Pakistan.

Earth Tech Environment

Market Cap: ฿3.7b

Engages in the generation and distribution of electricity from industrial waste in Thailand.

Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener

Market Cap: AR$820.4b

Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A.

Empresa Eléctrica Pehuenche

Market Cap: CL$1.8t

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

Empresas Gasco

Market Cap: CL$221.7b

Provides energy solutions based primarily based on gas in Chile and internationally.

Naturgy BAN

Market Cap: AR$519.2b

Engages in natural gas distribution business.

Kenya Electricity Generating

Market Cap: KSh32.2b

Operates as an electric power generating company in Kenya.

Guangdong Baolihua New Energy Stock

Market Cap: CN¥8.6b

Guangdong Baolihua New Energy Stock Co., Ltd.

Zhejiang Xinzhonggang Thermal Power

Market Cap: CN¥3.1b

Zhejiang Xinzhonggang Thermal Power Co., LTD.

Toplofikatsia-Ruse AD

Market Cap: лв201.3m

Produces and sells electricity and thermal energy in Bulgaria.

Thac Ba Hydropower

Market Cap: ₫2.6t

Engages in the production and trading of electricity in Vietnam.

United Power Generation & Distribution

Market Cap: ৳67.7b

United Power Generation & Distribution Company Ltd.

National Gas and Industrialization

Market Cap: ر.س6.8b

Engages in exploits, manufactures, and markets various kinds of gas and its derivatives, and industrial gases in the Kingdom of Saudi Arabia and internationally.