Asian Dividend Gems: INVENI

• Major reasons why I like INVENI include consistent dividend yield of 6%+, attractive valuations (P/E of 3.1x and EV/EBITDA of 1.9x), insiders are buying, and improving corporate governance.

• The company competes in an oligopoly city gas business in Korea. The company primarily operates regulated city gas distribution businesses serving roughly 1.14 million households in the Seoul metropolitan area.

• INVENI had excellent results in 2025 and 1Q26. It had sales of 1.3 trillion won (up 14.4% YoY) and operating income of 111.7 billion won (up 360% YoY) in 2025.