Global Utilities Undiscovered Gems With Strong Fundamentals

IZDEMIR Enerji Elektrik Uretim

Market Cap: ₺26.9b

Produces and sells electricity through coal.

Distribuidora de Gas del Centro

Market Cap: AR$404.4b

Distributes natural gas in the provinces of Córdoba, Catamarca, and La Rioja, Argentina.

K&O Energy Group

Market Cap: JP¥93.9b

Engages in the development, production, supply, and sale of natural gas and iodine in Japan.

United Power Generation & Distribution

Market Cap: ৳68.8b

United Power Generation & Distribution Company Ltd.

Egypt Gas Company SAE

Market Cap: ج.م6.5b

Operates EPC-based natural gas distribution projects in Egypt.

Copperbelt Energy

Market Cap: K32.5b

Engages in the generation, distribution, transmission, sale, and trade of electricity to mining customers in Zambia and the Democratic Republic of Congo (DRC).

National Gas and Industrialization

Market Cap: ر.س6.1b

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

Hokkaido Gas

Market Cap: JP¥63.5b

Engages in gas, and heat and power supply businesses in Japan.

Leshan Electric PowerLtd

Market Cap: CN¥6.1b

Engages in generation and supply of hydropower in China.

Hsin Kao GasLtd

Market Cap: NT$4.2b

Engages in the installation of natural gas for supplying domestic and commercial fuels and related pipelines in Taiwan.

Dawood Lawrencepur

Market Cap: PK₨37.7b

Through its subsidiaries, engages in the trading and marketing of renewable energy solutions to commercial and industrial consumers in Pakistan.

SPC Power

Market Cap: ₱15.0b

Generates, distributes, and sells electricity in the Philippines.

KPI Green Energy

Market Cap: ₹83.8b

Operates as an independent power producer that focuses on the development, construction, ownership, operation, and maintenance of renewable energy projects under Solarism brand name in India.

K.P. Energy

Market Cap: ₹23.2b

Provides balance of plant solutions for wind energy sector in India.

Lopez Holdings

Market Cap: ₱14.3b

Through its subsidiaries, engages in the power generation and distribution business in the Philippines.

Jiangxi Bestoo EnergyLtd

Market Cap: CN¥6.8b

Provides centralized heating services for industrial parks, clusters, and downstream industrial customers in China.

Électricite de Strasbourg Société Anonyme

Market Cap: €1.2b

Engages in the supply of electricity and natural gas to individuals, businesses, and local authorities in France.

Ningbo Shimao EnergyLtd

Market Cap: CN¥4.5b

Operates in the heat and power industry.

Al Batinah Power Company SAOG

Market Cap: ر.ع111.4m

Designs, develops, finances, constructs, operates, maintains, insures, and owns a power generating, associated gas interconnection, and other infrastructure facilities in the Sultanate of Oman.

Miahona

Market Cap: ر.س3.2b

Provides water facilities and water treatment services in the Kingdom of Saudi Arabia.

Vinh Son - Song Hinh Hydropower

Market Cap: ₫10.4t

Provides electricity services in Vietnam.

Vivant

Market Cap: ₱18.9b

Through its subsidiaries, generates, distributes, and retails electric power in the Philippines.

Central Hydropower

Market Cap: ₫4.7t

Produces, transmits, and distributes electricity in Vietnam.

Shaanxi Meineng Clean EnergyLtd

Market Cap: CN¥2.7b

Operates as a professional gas operating company in the People’s Republic of China.

Lydia Yesil Enerji Kaynaklari

Market Cap: ₺25.4b

Engages in the production and sale of electricity and heat energy in Turkey.

Daesung Energy

Market Cap: ₩223.0b

Supplies natural gas primarily in South Korea.

Ecogas Inversiones

Market Cap: AR$797.7b

Through its subsidiaries, engages in the distribution of natural gas to residential and commercial customers in Argentina.

Jiangsu Jiangnan Water

Market Cap: CN¥5.2b

Supplies water in China.

Thessaloniki Water Supply & Sewerage Co

Market Cap: €150.3m

Thessaloniki Water Supply & Sewerage Co S.A., doing business as EYATH S.A., provides water supply and sewerage services in Greece.

Phoenix Power Company SAOG

Market Cap: ر.ع225.2m

Owns, designs, develops, constructs, operates, maintains, finances, and insures power generating station and associated gas interconnection facilities, and other related infrastructure in the Sultanate of Oman.

Foxwell Power

Market Cap: NT$7.1b

Foxwell Power Co., Ltd engages in the construction of energy storage systems.

Taliworks Corporation Berhad

Market Cap: RM 1.0b

An investment holding company, operates, manages, and maintains water treatment plants in Malaysia.

Rivco Australia

Market Cap: AU$225.9m

Provides water supply solutions to Australian irrigators.

First Philippine Holdings

Market Cap: ₱30.8b

Engages in the power generation, real estate development, energy solutions, and construction business in the Philippines.

GreenTech Environmental

Market Cap: CN¥2.2b

Engages in the water treatment and waste-to-resources projects in the People’s Republic of China.

Thu Dau Mot Water

Market Cap: ₫6.5t

Engages in exploiting, processing, and providing clean water.