Global Capital Goods Undiscovered Gems With Strong Fundamentals

Hangzhou Hirisun Technology

Market Cap: CN¥5.0b

Engages in power information system integration business in China.

Payton Industries

Market Cap: ₪520.6m

Develops, produces, trades, markets, and sells various types of transformers for communications, electronics, automotive, and industrial equipment industries in Israel, Europe, the United States, and Asia.

Surya Toto Indonesia

Market Cap: Rp3.0t

Manufactures and sells sanitary, fittings, kitchen systems, and other related products in Indonesia and internationally.

SML Mahindra

Market Cap: ₹42.6b

Manufactures and sells commercial vehicles and related parts in India and internationally.

Tai Sin Electric

Market Cap: S$299.2m

Manufactures and deals in cable and wire products in Singapore, Malaysia, Brunei, Vietnam, Indonesia, Myanmar, Cambodia, Thailand, and internationally.

Luxchem Corporation Berhad

Market Cap: RM 432.9m

An investment holding company, imports, exports, and distributes petrochemical and other related products in Malaysia and internationally.

Indo Farm Equipment

Market Cap: ₹11.3b

Manufactures and sells agricultural, industrial, and construction equipment in India.

Pizu Group Holdings

Market Cap: HK$3.3b

An investment holding company, manufactures, trades, and sales of civil explosives in the People's Republic of China and Tajikistan.

Viviana Power Tech

Market Cap: ₹9.5b

Engages in power transmission, distribution, and industrial engineering, procurement, and construction (EPC) space project businesses in India.

KP Green Engineering

Market Cap: ₹26.4b

Engages in engineering and manufacture of steel structure in India.

Kuwait Company for Process Plant Construction and Contracting K.S.C.P

Market Cap: د.ك47.3m

The Kuwait Company for Process Plant Construction and Contracting K.S.C.P.

Hayleys

Market Cap: LK₨148.5b

Operates in the manufacturing, agriculture, and services sectors worldwide.

Aesler Grup Internasional

Market Cap: Rp4.5t

Provides architectural and construction management services in Indonesia.

Mamata Machinery

Market Cap: ₹10.3b

Mamata Machinery Limited manufacture and sells plastic bag and pouch making systems in India and internationally.

Nusantara Pelabuhan Handal

Market Cap: Rp3.4t

Manages and operates container terminals in Indonesia and internationally.

Enviro Infra Engineers

Market Cap: ₹39.7b

Engages in the design, construction, operation, and maintenance of water and wastewater treatment plants (WWTPs) and water supply scheme projects (WSSPs) for government authorities and bodies in India.

Hind Rectifiers

Market Cap: ₹27.7b

Designs, develops, manufactures, and markets power semiconductors, power electronic equipment, and railway transportation equipment in India and internationally.

Saha-Union

Market Cap: ฿8.2b

Engages in plastic, rubber and metal, chemicals, trading, energy, hotel, investment, and other businesses.

HG Metal Manufacturing

Market Cap: S$137.4m

An investment holding company, primarily trades in steel products in Indonesia, Malaysia, Myanmar, and Singapore.

Indo Tech Transformers

Market Cap: ₹17.0b

Manufactures and sells transformers in India and internationally.

C. Mer Industries

Market Cap: ₪387.2m

Provides solutions in the areas of homeland security (HLS), communication infrastructure, and defense technologies.

Amir Marketing and Investments in Agriculture

Market Cap: ₪434.4m

Supplies and markets agricultural inputs in Israel.

va-Q-tec

Market Cap: €395.1m

Develops, produces, and markets vacuum insulation panels and phase change materials in Germany, rest of European Union, and internationally.

Mendelson Infrastructures & Industries

Market Cap: ₪618.5m

Engages in the supply of conduction and flow products in Israel.

Bulbuloglu Vinc Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺4.4b

Manufactures and sells heavy machinery and equipment.

Dekpol

Market Cap: zł794.4m

Dekpol S.A. primary engages in the general contracting and property development businesses in Poland.

Nice

Market Cap: JP¥20.9b

Distributes building materials and housing equipment in Japan.

Chudenko

Market Cap: JP¥227.5b

Operates as an equipment engineering company in Japan.

Daewon Cable

Market Cap: ₩304.7b

Manufactures and sells cables and wires in South Korea and internationally.

Maezawa Kasei Industries

Market Cap: JP¥31.1b

Produces and sells water and sewerage related products, and environmental equipment.

Nippon Sharyo

Market Cap: JP¥48.4b

Engages in the railway vehicles, construction machinery, transportation equipment and steel structures, engineering, and other businesses in Japan, the United States, Asia, and internationally.

Subaru Enterprise

Market Cap: JP¥42.1b

Engages in the maintenance and cleaning of roads and road ancillary facilities in Japan.

Ebara JitsugyoLtd

Market Cap: JP¥51.8b

Manufactures and sells environmentally related products in Japan.

Tsubakimoto Kogyo

Market Cap: JP¥48.1b

Engages in the sale of machinery, equipment, parts, and accessories in Japan.

Otec

Market Cap: JP¥32.4b

Trades pipework equipment in Japan.

Lumax International

Market Cap: NT$9.8b

Provides electronic components and program-controlled instruments in Taiwan and China.