Global Utilities Potentially Undervalued Companies

China Gas Holdings

Market Cap: US$42.7b

An investment holding company, operates as an energy supplier and service provider in the People’s Republic of China.

Fujian Funeng

Market Cap: CN¥26.9b

Engages in the production and sale of electricity and heat in China.

First Philippine Holdings

Market Cap: ₱32.2b

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

Zhongmin Energy

Market Cap: CN¥9.9b

Focuses on the development and construction of power generation projects in China.

Contact Energy

Market Cap: AU$9.1b

Generates and sells electricity and natural gas in New Zealand.

Cholon Water Supply

Market Cap: ₫653.9b

Operates as a water supply company in Vietnam.

Sichuan Energy Investment Development

Market Cap: HK$2.8b

A vertically integrated power supplier and service provider primarily in Mainland China.

Tianjin Development Holdings

Market Cap: HK$2.9b

Through its subsidiaries, supplies water, heat, thermal power, and electricity to industrial, commercial, and residential customers in the People’s Republic of China.

PetroVietnam Power Nhon Trach 2

Market Cap: ₫6.5t

Engages in the production, transmission, and distribution of electricity in Vietnam.

PTC India

Market Cap: ₹51.6b

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

Clover Power

Market Cap: ฿25.6m

Engages in the generation and sale of electricity in Thailand, Australia, and Vietnam.

Ørsted

Market Cap: DKK 44.1b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage and renewable hydrogen facilities, and bioenergy plants.

Hub Power

Market Cap: PK₨256.4b

Operates as an independent power producer in Pakistan.

Petrovietnam Gas

Market Cap: ฿152.0t

Engages in the collection, transportation, processing, storage, distribution, importing, and trading of gas and gas related products in Vietnam.

Caribbean Utilities Company

Market Cap: US$558.0m

Engages in the generation, transmission, and distribution of electricity in Grand Cayman.

Krasnoyarskenergosbyt

Market Cap: ₽4.3b

Public Joint Stock Company Krasnoyarskenergosbyt sells electricity in Russia.

Territorial Generation Company No.2

Market Cap: ₽4.0b

Public Joint-Stock Company Territorial Generation Company No.2 engages in the production and sale of electricity and heat in the Northwestern and Central Federal districts of Russia.

Admie Holding

Market Cap: US$755.6m

Operates, controls, maintains, and develops an electricity transmission system for the supply of electricity in Greece.

Second Generating Company of the Electric Power Wholesale Market

Market Cap: ₽64.8b

Public Joint-Stock Company "Second Generating Company of the Electric Power Wholesale Market", together with its subsidiaries, generates and sells electricity and thermal energy in Russia.

Admie Holding

Market Cap: €596.8m

Operates, controls, maintains, and develops an electricity transmission system for the supply of electricity in Greece.

naturenergie holding

Market Cap: US$1.1b

Through its subsidiaries, engages in the production, distribution, and sale of electricity under the naturenergie brand in Switzerland and internationally.

Magadanenergo

Market Cap: ₽3.3b

Public Joint Stock Company Magadanenergo, together with its subsidiaries, engages in the generation, transmission, and distribution of electricity, gas, and steam in Russia.

TTW

Market Cap: US$34.5b

Engages in the production and sale of treated water in Thailand.

Magnora

Market Cap: NOK 1.5b

Operates as a renewable energy development company in Norway, Sweden, South Africa and the United Kingdom.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Market Cap: Mex$82.5b

Provides basic and environmental sanitation services in the São Paulo State, Brazil.

Companhia Energética de Minas Gerais - CEMIG

Market Cap: Mex$36.1b

Through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil.

Huadian Power International

Market Cap: HK$64.1b

Engages in the sale of power fand thermal products in the People’s Republic of China.

CLP Holdings

Market Cap: US$165.5b

An investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Thailand, Taiwan, and Australia.

Dhaka Electric Supply

Market Cap: ৳9.5b

Engages in the distribution of electricity in Bangladesh.

China Yangtze Power

Market Cap: CN¥668.2b

Engages in hydropower generation business in China, Brazil, Germany, Malaysia, Pakistan, Peru, Portugal, and Sudan.

Al Suwadi Power Company SAOG

Market Cap: ر.ع85.0m

Develops, finances, designs, constructs, operates, maintains, insures, and owns power-generating facilities in Oman.

Locality Planning Energy Holdings

Market Cap: AU$23.6m

Provides energy solutions throughout Queensland and Northern New South Wales.

China Water Affairs Group

Market Cap: HK$10.0b

An investment holding company, engages in the water supply, environmental protection, and property businesses in the People’s Republic of China.

TPC Power Holding

Market Cap: ฿1.2b

Generates and distributes electricity in Thailand.

Guangdong Investment

Market Cap: HK$47.5b

An investment holding company, engages in water resources, property investment and development, department store operation, hotel ownership, energy project operation and management, and road and bridge operation businesses.

CK Power

Market Cap: ฿23.6b

Through its subsidiaries, generates and sells electricity and steam in Thailand and Lao People’s Democratic Republic.