Global Capital Goods Healthy potentially undervalued

Guangdong Mingyang ElectricLtd

Market Cap: CN¥12.2b

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

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥22.6b

Manufactures and sells power distribution in China and internationally.

Ningbo Orient Wires & CablesLtd

Market Cap: CN¥33.7b

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

Eiffage

Market Cap: €11.6b

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

EuroGroup Laminations

Market Cap: €156.5m

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

DEME Group

Market Cap: €4.1b

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

Bouygues

Market Cap: €18.0b

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

Cadeler

Market Cap: NOK 20.3b

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

Jinlei Technology

Market Cap: CN¥6.8b

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

Sinoma International EngineeringLtd

Market Cap: CN¥20.8b

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

Douglas Dynamics

Market Cap: US$1.0b

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

York Space Systems

Market Cap: US$2.3b

Operates as a space and defense prime providing a comprehensive suite of mission-critical solutions for national security, government and commercial customers in the United States.

Atmus Filtration Technologies

Market Cap: US$4.5b

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

L3Harris Technologies

Market Cap: US$56.9b

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

Dat Phuong Group

Market Cap: ₫3.2t

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

Contemporary Amperex Technology

Market Cap: CN¥1.9t

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

Doosan

Market Cap: ₩15.3t

Engages in the power generation facilities, industrial facilities, construction machinery, engines, and construction businesses in Korea, the United States, Asia, the Middle East, Europe, and internationally.

Neway Valve (Suzhou)

Market Cap: CN¥33.5b

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

Windey Energy Technology Group

Market Cap: CN¥9.2b

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

Shenzhen KSTAR Science and Technology

Market Cap: CN¥18.3b

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

EMCOR Group

Market Cap: US$31.4b

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

Gates Industrial

Market Cap: US$6.7b

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.

AtkinsRéalis Group

Market Cap: CA$14.3b

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

CSG

Market Cap: €16.9b

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

Titan International

Market Cap: US$530.4m

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

Lennox International

Market Cap: US$18.9b

Designs, manufactures, and markets products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, 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: ₩430.8b

Operates in the machinery industry.

Dajin Heavy IndustryLtd

Market Cap: CN¥28.9b

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

Beijing New Building Materials

Market Cap: CN¥34.7b

Manufactures and sells building materials in China.

Hanwha Aerospace

Market Cap: ₩41.7t

Engages in the development, production, and maintenance of aircraft engines worldwide.

Xi'an Sinofuse Electric

Market Cap: CN¥11.7b

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

Zhuzhou CRRC Times Electric

Market Cap: HK$63.3b

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

Legence

Market Cap: US$6.4b

Provides engineering, installation, and maintenance services for mission-critical systems in buildings in the United States.

Granite Construction

Market Cap: US$5.3b

Provides infrastructure solutions for public and private clients in the United States.

Huntington Ingalls Industries

Market Cap: US$11.8b

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