Global Capital Goods Healthy potentially undervalued

Sinoma International EngineeringLtd

Market Cap: CN¥18.7b

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

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥18.9b

Manufactures and sells power distribution in China and internationally.

Ningbo Orient Wires & CablesLtd

Market Cap: CN¥32.1b

Engages in the research, development, manufacturing, and sale of various submarine and terrestrial cable products in China and internationally.

Guangdong Mingyang ElectricLtd

Market Cap: CN¥11.8b

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

Hunan Yuneng New Energy Battery MaterialLtd

Market Cap: CN¥55.5b

Engages in the research, development, production, and sale of lithium-ion battery cathode materials in China and internationally.

Douglas Dynamics

Market Cap: US$999.5m

Operates as a manufacturer and upfitter of commercial vehicle attachments and equipment in North America.

Atmus Filtration Technologies

Market Cap: US$4.0b

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

Eiffage

Market Cap: €11.5b

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

Lincoln Electric Holdings

Market Cap: US$13.6b

Through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products in the United States and internationally.

EuroGroup Laminations

Market Cap: €162.7m

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

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.

Bouygues

Market Cap: €18.0b

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

DEME Group

Market Cap: €4.3b

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

L3Harris Technologies

Market Cap: US$54.7b

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

China International Marine Containers (Group)

Market Cap: CN¥36.7b

Manufactures and sells logistics and energy equipment in China, America, Europe, Asia, and internationally.

Windey Energy Technology Group

Market Cap: CN¥8.7b

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

Riyue Heavy IndustryLtd

Market Cap: CN¥9.6b

Engages in the research and development, production, and sale of large-scale heavy industry equipment castings in China.

Neway Valve (Suzhou)

Market Cap: CN¥36.9b

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

Grafton Group

Market Cap: UK£1.6b

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

Pentair

Market Cap: US$11.8b

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

Bodycote

Market Cap: UK£1.1b

Provides heat treatment and thermal processing services worldwide.

Gates Industrial

Market Cap: US$6.5b

Manufactures and sells engineered power transmission and fluid power solutions in the United States, rest of North America, South America, the United Kingdom, Luxembourg, rest of Europe, the Middle East, Africa, India, East Asia, and Greater China.

Worthington Enterprises

Market Cap: US$2.6b

Operates as an industrial manufacturing company.

Palfinger

Market Cap: €1.2b

Provides hydraulic lifting solutions in Austria and internationally.

Titan International

Market Cap: US$459.6m

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

Allison Transmission Holdings

Market Cap: US$9.3b

Designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S.

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$34.2b

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¥34.1b

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

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: ₩478.2b

Operates in the machinery industry.

Beijing New Building Materials

Market Cap: CN¥28.4b

Manufactures and sells building materials in China.

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.

Zhuzhou CRRC Times Electric

Market Cap: HK$71.9b

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

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.

Ariston Holding

Market Cap: €1.2b

Through its subsidiaries, produces and distributes hot water and space heating solutions in the Netherlands, Germany, Italy, Switzerland, and internationally.