Global Capital Goods Healthy potentially undervalued

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.

Ningbo Orient Wires & CablesLtd

Market Cap: CN¥33.5b

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

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥23.8b

Manufactures and sells power distribution in China and internationally.

Sinoma International EngineeringLtd

Market Cap: CN¥21.1b

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

Guangdong Mingyang ElectricLtd

Market Cap: CN¥11.9b

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

EuroGroup Laminations

Market Cap: €165.9m

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

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.

Alligo

Market Cap: SEK 6.8b

Provides workwear, personal protection, tools, and consumables in Sweden, Norway, and Finland.

DEME Group

Market Cap: €4.2b

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

Atmus Filtration Technologies

Market Cap: US$4.1b

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

Douglas Dynamics

Market Cap: US$991.6m

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.

L3Harris Technologies

Market Cap: US$55.4b

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

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¥17.3b

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

Windey Energy Technology Group

Market Cap: CN¥9.3b

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

Neway Valve (Suzhou)

Market Cap: CN¥34.5b

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

Gates Industrial

Market Cap: US$6.3b

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.

Lennox International

Market Cap: US$14.9b

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

CSG

Market Cap: €16.5b

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

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.

AtkinsRéalis Group

Market Cap: CA$13.8b

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$29.9b

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

Yizumi Holdings

Market Cap: CN¥9.4b

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

Dajin Heavy IndustryLtd

Market Cap: CN¥28.5b

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

Zhuzhou CRRC Times Electric

Market Cap: HK$63.3b

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

Xi'an Sinofuse Electric

Market Cap: CN¥11.6b

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

Beijing New Building Materials

Market Cap: CN¥34.7b

Manufactures and sells building materials in China.

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.

SNT Energy

Market Cap: ₩439.7b

Operates in the machinery industry.

XJ Electric

Market Cap: CN¥23.4b

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

Tae Kwang

Market Cap: ₩541.9b

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

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.

Vesuvius

Market Cap: UK£898.1m

Provides molten metal flow engineering and technology services to steel and foundry casting industries worldwide.

DEUTZ

Market Cap: €1.5b

Engages in the development, production, distribution, maintenance, and servicing of diesel and gas engines in Germany, Rest of Europe, the Middle East, Africa, the Asia Pacific, and the United States.

INDUS Holding

Market Cap: €751.8m

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