Global Retail Undervalued based on future growth

DFS Furniture

Market Cap: UK£369.7m

Designs, manufactures, delivers, installs, and retails upholstered furniture in the United Kingdom and the Republic of Ireland.

Geo Holdings

Market Cap: JP¥70.3b

Engages in the operation of various used and new product stores in Japan.

Card Factory

Market Cap: UK£339.7m

Operates as a specialist retailer of cards, gifts, and celebration essentials in the United Kingdom, South Africa, Republic of Ireland, the United States, and internationally.

Aspirasi Hidup Indonesia

Market Cap: Rp7.2t

Engages in the retail of home improvement products in Indonesia.

Erajaya Swasembada

Market Cap: Rp6.7t

Engages in the distribution and retail of mobile telecommunication devices in Indonesia, Singapore, and Malaysia.

Haverty Furniture Companies

Market Cap: US$373.3m

Operates as a specialty retailer of residential furniture and accessories in the United States.

Eternal Beauty Holdings

Market Cap: HK$2.8b

An investment holding company, engages in the retail, wholesale, and distribution of perfumes, skincare products, color cosmetics, personal care products, eyewear, and home fragrances in China, including Hong Kong and Macau.

Super Group

Market Cap: R5.9b

Engages in the supply chain management, mobility, dealership, and fleet management activities in South Africa, sub-Saharan Africa, Europe, and the United Kingdom.

EFC (I)

Market Cap: ₹30.2b

Engages in real estate leasing business in India.

Alliance Entertainment Holding

Market Cap: US$339.4m

Operates as a wholesaler and e-commerce provider for the entertainment industry worldwide.

Pou Sheng International (Holdings)

Market Cap: HK$2.4b

An investment holding company, engages in distributing and retailing sportswear and footwear in the People’s Republic of China and internationally.

Byggmax Group

Market Cap: SEK 2.8b

Sells building materials and related products for DIY projects in Sweden, Norway, and internationally.

MM Group for Industry and International TradeE

Market Cap: ج.م13.8b

MM Group for Industry and International Trade S.A.E.

Vertu Motors

Market Cap: UK£198.4m

Operates as an automotive retailer in the United Kingdom.

CUCKOO International (MAL) Berhad

Market Cap: RM 1.0b

An investment holding company, trades in and rents home appliances, and mattresses and furniture products in Malaysia, Singapore, and Brunei.

Shinsegae International

Market Cap: ₩358.1b

Operates department stores and hypermarkets in South Korea.

YesAsia Holdings

Market Cap: HK$1.8b

An investment holding company, engages in trading of Asian fashion and lifestyle, beauty, cosmetics, accessories, and entertainment products.

EchomarketingLtd

Market Cap: ₩345.3b

Designs and performs data-driven and full-funnel marketing services in worldwide.

J.Jill

Market Cap: US$226.7m

Operates as an omnichannel retailer for women’s apparel in the United States.

Fourlis Holdings

Market Cap: €192.2m

Engages in the retail trading business in Greece, Romania, Bulgaria, and Cyprus.

Adairs

Market Cap: AU$331.6m

Operates as a specialty retailer of home furnishings, furniture, and decoration products in Australia and New Zealand.

Zibuyu Group

Market Cap: HK$1.6b

An investment holding company, operates as a cross-border e-commerce company in China.

Komehyo HoldingsLtd

Market Cap: JP¥31.1b

Engages in the purchase and sale of used and new products through stores in Japan.

Platform Group

Market Cap: €170.4m

Operates an online platform for premium and luxury fashion accessories in Germany, the Netherlands, Austria, the United Kingdom, Switzerland, France, Italy, and internationally.

iFamilySC

Market Cap: ₩276.1b

iFamilySC Co. Ltd operates as an interactive branding company that connects content and products online and offline in South Korea and internationally.

JTC

Market Cap: ₩270.1b

Operates retail shops in Japan and South Korea.

Bermaz Auto Berhad

Market Cap: RM 647.1m

An investment holding company, distributes and retails of completely built-up Mazda, Kia, XPeng, and Deepal vehicles in Malaysia and the Philippines.

America's Car-Mart

Market Cap: US$155.1m

Through its subsidiaries, operates as an automotive retailer for the used car market in the United States.

Answear.com

Market Cap: zł543.6m

Operates online fashion stores in Poland and internationally.

Cashbuild

Market Cap: R2.5b

Engages in the retailing of building materials and associated products in South Africa, Botswana, Eswatini, Lesotho, Namibia, Zambia, and Malawi.

RugVista Group

Market Cap: SEK 1.3b

Operates direct-to-consumer online platforms for carpet and rug sales in Sweden and internationally.

Torrid Holdings

Market Cap: US$137.8m

Provides apparel, intimates, and accessories for curvy women in North America.

Millennium Group Corporation (Asia)

Market Cap: ฿4.4b

Engages in the sale and retail of automobiles, yachts, and spare parts primarily in Thailand.

Emporiki Eisagogiki Aftokiniton Ditrohon kai Mihanon Thalassis Societe Anonyme

Market Cap: €78.9m

Engages in the distribution of commercial brands in various market sectors in Greece, Romania, Bulgaria, and internationally.

Sinar Eka Selaras

Market Cap: Rp1.5t

Distributes and retails lifestyle products and solutions of various brands in Indonesia.

Mr.Bricolage

Market Cap: €66.5m

Engages in retailing of renovation, home, and garden decoration products.