Global Capital Goods Healthy potentially undervalued

Sinoma International EngineeringLtd

Market Cap: CN¥20.9b

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

Jinlei Technology

Market Cap: CN¥6.9b

Engages in the research, development, manufacture, machining, and sale of wind turbine main shafts, and various castings and forgings in China and internationally.

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥23.2b

Manufactures and sells power distribution in China and internationally.

Ningbo Orient Wires & CablesLtd

Market Cap: CN¥33.8b

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¥12.0b

Engages in the research, development, production, and sale of power transmission, distribution, and control equipment in China and internationally.

L3Harris Technologies

Market Cap: US$50.6b

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

Atmus Filtration Technologies

Market Cap: US$4.2b

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

Douglas Dynamics

Market Cap: US$990.9m

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

Eiffage

Market Cap: €11.7b

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

DEME Group

Market Cap: €4.2b

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

EuroGroup Laminations

Market Cap: €164.3m

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

Bouygues

Market Cap: €18.8b

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

Cadeler

Market Cap: NOK 20.7b

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

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.

Neway Valve (Suzhou)

Market Cap: CN¥35.3b

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

Windey Energy Technology Group

Market Cap: CN¥9.3b

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

Dat Phuong Group

Market Cap: ₫3.3t

Engages in the real estate construction and development business in Vietnam.

Shenzhen KSTAR Science and Technology

Market Cap: CN¥17.8b

Engages in the research, development, production, and sale of uninterruptible power supply products in the China and internationally.

CSG

Market Cap: €16.5b

Manufactures and sells defence products in the Czech Republic, Europe, the United States, and the Asia Pacific.

Lennox International

Market Cap: US$14.4b

Designs, manufactures, and markets products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally.

Titan International

Market Cap: US$475.0m

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

AtkinsRéalis Group

Market Cap: CA$13.7b

Provides professional services and project management, and capital investment services in the United Kingdom, Canada, the United States, Saudi Arabia, and internationally.

EMCOR Group

Market Cap: US$35.4b

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

Beijing New Building Materials

Market Cap: CN¥32.8b

Manufactures and sells building materials in China.

SNT Energy

Market Cap: ₩492.1b

Operates in the machinery industry.

Xi'an Sinofuse Electric

Market Cap: CN¥11.4b

Engages in the research, development, production, and sale of fuses and related accessories in China.

Zhuzhou CRRC Times Electric

Market Cap: HK$63.6b

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

Ariston Holding

Market Cap: €1.3b

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

Dajin Heavy IndustryLtd

Market Cap: CN¥28.3b

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

Reliance Worldwide

Market Cap: AU$2.6b

Engages in the design, manufacture, and supply of water flow, control, and monitoring products and solutions for the plumbing and heating industries.

XJ Electric

Market Cap: CN¥23.2b

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

Tae Kwang

Market Cap: ₩563.9b

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

American Superconductor

Market Cap: US$1.4b

Provides megawatt-scale power resiliency solutions worldwide.

INDUS Holding

Market Cap: €787.9m

A private equity firm specializing in growth capital mergers and acquisitions and corporate spin-offs.

Mueller Water Products

Market Cap: US$3.9b

Manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Canada, and internationally.

CS Wind

Market Cap: ₩1.5t

Manufactures and sells wind towers and offshore wind substructures in Europe, North America, and Asia.