Global Capital Goods Healthy potentially undervalued

Guangdong Mingyang ElectricLtd

Market Cap: CN¥10.9b

Engages in the research, development, production, and sale of high/low voltage switchgear, transformer, and power transmission and distribution equipment in China.

Sinoma International EngineeringLtd

Market Cap: CN¥18.9b

Operates in the cement technology equipment and engineering services industry in China and internationally.

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥20.0b

Manufactures and sells power distribution in China and internationally.

Bouygues

Market Cap: €18.4b

Operates in the construction, energies and services, telecom, and media sectors in France and internationally.

Cadeler

Market Cap: NOK 21.2b

Operates as an offshore wind installation vessel contractor in Denmark, the United Kingdom, Germany, Poland, rest of Europe, the United States, and Taiwan.

DEME Group

Market Cap: €4.4b

Provides marine solutions in Belgium, Europe, Africa, the United States, Asia, and the Middle East.

Eiffage

Market Cap: €12.2b

Engages in the construction and concessions businesses in France, Germany, Europe, and internationally.

Atmus Filtration Technologies

Market Cap: US$4.1b

Designs, manufactures, and sells filtration products under the Fleetguard brand in the United States and internationally.

EuroGroup Laminations

Market Cap: €153.7m

Engages in the design, production, and distribution of motor cores for electric motors and generators.

L3Harris Technologies

Market Cap: US$54.4b

Provides mission-critical solutions for government and commercial customers worldwide.

Windey Energy Technology Group

Market Cap: CN¥9.5b

Researches, develops, manufactures, and sells wind turbines in China.

Binastra Corporation Berhad

Market Cap: RM 2.2b

An investment holding company, engages in general contractor and property developer, building and civil engineering works in turnkey projects in Malaysia.

Neway Valve (Suzhou)

Market Cap: CN¥37.8b

Researches, develops, produces, and sells industrial valves in the People’s Republic of China and internationally.

Pentair

Market Cap: US$12.3b

Provides various water solutions in the United States, Western Europe, China, Latin America, the Middle East, Southeast Asia, Australia, and Canada.

Grafton Group

Market Cap: UK£1.7b

Distributes and sells building materials and construction related products in Ireland, the United Kingdom, Ireland, the Netherlands, Finland, and Spain.

Worthington Enterprises

Market Cap: US$2.7b

Operates as an industrial manufacturing company.

Palfinger

Market Cap: €1.2b

Provides hydraulic lifting solutions in Austria and internationally.

Bodycote

Market Cap: UK£1.1b

Provides heat treatment and thermal processing services worldwide.

Titan International

Market Cap: US$493.7m

Manufactures and sells wheels, tires, and undercarriage systems and components for off-highway industry in North America, Europe, CIS, Latin America, Asia, and internationally.

Contemporary Amperex Technology

Market Cap: CN¥1.8t

Engages in the research, development, production, and sale of electric vehicle and energy storage system batteries in China and internationally.

EMCOR Group

Market Cap: US$35.7b

Provides electrical and mechanical construction and facilities, building, and industrial services in the United States and the United Kingdom.

Dajin Heavy IndustryLtd

Market Cap: CN¥40.4b

Manufactures and sells wind and photovoltaic power generation equipment in China and internationally.

Zhuzhou CRRC Times Electric

Market Cap: HK$77.4b

Engages in the provision of propulsion and control systems in Mainland China and internationally.

Beijing New Building Materials

Market Cap: CN¥31.1b

Manufactures and sells building materials in China.

Yizumi Holdings

Market Cap: CN¥9.3b

Engages in designs, researches and develops, manufactures, sells, and services of various molding machines in China and internationally.

SNT Energy

Market Cap: ₩538.5b

Operates in the machinery industry.

Armstrong World Industries

Market Cap: US$6.7b

Engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas.

Forbo Holding

Market Cap: CHF 1.0b

Engages in the production and sell of floor coverings, building and construction adhesives, and belt for power transmission and conveyor technology worldwide.

Huntington Ingalls Industries

Market Cap: US$11.0b

Designs, builds, overhauls, and repairs military ships in the United States.

Howden Joinery Group

Market Cap: UK£4.5b

Supplies various kitchen, joinery, and hardware products in the United Kingdom, France, Belgium, and the Republic of Ireland.

Valmet Oyj

Market Cap: €3.9b

Develops and supplies process technologies, automation, and services for the pulp, paper, and energy industries in North America, Latin America, EMEA, China, and Asia-Pacific.

Innovative Aerosystems

Market Cap: US$329.6m

Engages in the engineering, manufacturing, and supply of advanced avionic solutions.

WSP Global

Market Cap: CA$23.7b

Operates as a professional services consulting firm in the United States, Canada, the United Kingdom, Sweden, Australia, and internationally.

Tae Kwang

Market Cap: ₩644.1b

Manufactures, supplies, and sells butt weld pipe fittings for oil and gas, chemical and petrochemical, power plant, and shipbuilding businesses in Korea and internationally.

XJ Electric

Market Cap: CN¥21.4b

Provides energy and power and technology equipment in China and internationally.

PC1 Group

Market Cap: ₫9.2t

Engages in the construction, industrial production, real estate, energy, trading, exploitation and operation of industrial zone, mining, and other businesses in Vietnam.