Global Retail Low Leverage High Rewards

Dashang

Market Cap: CN¥6.6b

Operates a chain of department stores, supermarkets, and electrical appliance stores in China.

S P V I

Market Cap: ฿840.0m

Engages in the distribution of computers, mobile phones, and related accessories and services in Thailand.

Topsports International Holdings

Market Cap: HK$19.5b

An investment holding company, engages in the trading of sportswear products in the People’s Republic of China.

Harima-KyowaLTD

Market Cap: JP¥10.4b

Engages in the wholesale of daily necessities, cosmetics, and toiletries in Japan.

India Motor Parts & Accessories

Market Cap: ₹13.0b

Sells and distributes automobile spare parts and accessories in India.

EDION

Market Cap: JP¥222.3b

Operates as a home appliance retailer in Japan.

PETRONAS Dagangan Berhad

Market Cap: RM 19.6b

Engages in retailing and marketing of downstream petroleum products primarily in Malaysia.

Samse

Market Cap: €409.3m

Distributes construction materials and tools in France.

GOLFZON HOLDINGS

Market Cap: ₩203.9b

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

BMTC Group

Market Cap: CA$384.2m

Manages and operates a retail network of furniture, household appliances, and electronic products in Canada.

Honeys Holdings

Market Cap: JP¥42.6b

Engages in the planning, manufacture, sale and wholesale of women’s clothing and fashion accessories.

Card Factory

Market Cap: UK£243.2m

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.

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.

Cortina Holdings

Market Cap: S$579.5m

An investment holding company, engages in the distribution and retailing of timepieces and accessories in Singapore, Malaysia, Thailand, Indonesia, Hong Kong, Taiwan, and internationally.

Standard Industries

Market Cap: ₹1.0b

Together with its subsidiary, engages in trading of textiles and chemical products in India.

Carlo Rino Group Berhad

Market Cap: RM 127.1m

An investment holding company, designs, promotes, markets, distributes, and retails women's footwear, handbags, and accessories under the Carlo Rino brand in Malaysia.

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

Market Cap: د.ك116.1m

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

Delko

Market Cap: zł92.8m

Engages in the wholesale of household chemical, cosmetics, industrial, and hygiene products in Poland.

Bic Camera

Market Cap: JP¥282.3b

Engages in the manufacture and sale of audiovisual products in Japan.

and ST HDLtd

Market Cap: JP¥129.6b

Plans, produces, and retails clothes and sundry goods in Japan.

Felissimo

Market Cap: JP¥6.0b

Engages in digital marketing business in Japan.

Munsin Garment

Market Cap: NT$3.2b

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

Shanghai AiyingshiLtd

Market Cap: CN¥2.5b

Provides maternal and child products and services primarily in China.

Isetan Mitsukoshi Holdings

Market Cap: JP¥833.8b

Engages in the department store business in Japan and internationally.

ASKUL

Market Cap: JP¥126.6b

Engages in e-commerce business in Japan.

Bourrelier Group

Market Cap: €278.0m

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

Carreras

Market Cap: JA$85.4b

Carreras Limited markets and distributes cigarettes primarily in Jamaica.