Global Capital Goods Healthy potentially undervalued

Sinoma International EngineeringLtd

Market Cap: CN¥20.5b

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

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥22.6b

Manufactures and sells power distribution in China and internationally.

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.

Guangdong Mingyang ElectricLtd

Market Cap: CN¥12.9b

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

Nitto Boseki

Market Cap: JP¥531.1b

Manufactures, processes, and sells glass fiber, chemical and pharmaceutical, and textile products in Japan.

Ningbo Orient Wires & CablesLtd

Market Cap: CN¥26.7b

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

Bouygues

Market Cap: €18.8b

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

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.

Blue Bird

Market Cap: US$2.2b

Designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally.

Douglas Dynamics

Market Cap: US$1.0b

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

Cadeler

Market Cap: NOK 21.7b

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.

Windey Energy Technology Group

Market Cap: CN¥9.9b

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

CSG

Market Cap: €17.7b

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

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.

EMCOR Group

Market Cap: US$36.0b

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

SNT Energy

Market Cap: ₩551.3b

Operates in the machinery industry.

Zhuzhou CRRC Times Electric

Market Cap: HK$66.9b

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

Beijing New Building Materials

Market Cap: CN¥31.5b

Manufactures and sells building materials in China.

Dajin Heavy IndustryLtd

Market Cap: CN¥30.0b

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

XJ Electric

Market Cap: CN¥23.3b

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

INDUS Holding

Market Cap: €776.7m

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

HD Korea Shipbuilding & Offshore Engineering

Market Cap: ₩28.3t

HD Korea Shipbuilding & Offshore Engineering Co., Ltd.

Symal Group

Market Cap: AU$645.7m

Provides construction contracting, equipment hires, material sales, recycling, and remediation services to the civil construction industry in Australia.

XCMG Construction Machinery

Market Cap: CN¥98.5b

Engages in the manufacturing and sale of construction machinery in China.

J. Kumar Infraprojects

Market Cap: ₹37.2b

Engages in the construction business in India.

CS Wind

Market Cap: ₩1.8t

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

Zehnder Group

Market Cap: CHF 784.4m

Develops, manufactures, and sells indoor climate systems in Europe, North America, and China.

Astra International

Market Cap: Rp203.6t

Operates in the automotive, financial services, heavy equipment, mining, construction, energy, agri, infrastructure and logistics, information technology, and property businesses in Indonesia and internationally.

Haitian International Holdings

Market Cap: HK$32.1b

An investment holding company, engages in the manufacture, distribution, and sale of plastic injection molding machines and related products in Mainland China, Hong Kong, and internationally.

LX Hausys

Market Cap: ₩326.3b

Manufactures and sells building materials in South Korea and internationally.

Ashtead Technology Holdings

Market Cap: UK£340.9m

Provides subsea equipment rental solutions for the offshore energy sector in Europe, the Americas, the Asia-Pacific, and the Middle East.

Stantec

Market Cap: CA$11.7b

Provides professional services in the areas of infrastructure and facilities to private and public sectors in Canada, the United States, and internationally.

Tecnoglass Holdings

Market Cap: US$2.0b

Manufactures, supplies, and installs architectural glass, windows, and aluminum and vinyl products for commercial and residential construction markets in Colombia, the United States, Panama, and internationally.

Konecranes

Market Cap: €6.6b

Manufactures, sells, and services material handling products in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.