Global Capital Goods Undiscovered Gems With Strong Fundamentals

MARUKA FURUSATO

Market Cap: JP¥54.6b

Engages in the machinery and tools, construction machinery and materials, and IoT businesses in Japan.

Dong-Ah Geological Engineering

Market Cap: ₩219.1b

Dong-Ah Geological Engineering Company Ltd.

Chugai Ro

Market Cap: JP¥23.5b

Engages in the development of technologies in the thermal technology field in Japan and internationally.

Kung Long Batteries IndustrialLtd

Market Cap: NT$11.4b

Engages in the manufacture and sale of lead-acid batteries in Taiwan.

Dah San Electric Wire & Cable

Market Cap: NT$9.5b

Engages in the production and sale of power cables, communication cables, electronic wires, and bare copper wires.

Zippy Technology

Market Cap: NT$8.0b

Engages in the designing, manufacturing, and trading of micro switches and power supplies in Taiwan, the United States, Mainland China, Germany, Italy and internationally.

Wuhan Zhongyuan Huadian Science & TechnologyLtd

Market Cap: CN¥4.0b

Wuhan Zhongyuan Huadian Science & Technology Co.,Ltd.

SF Oilless Bearing Group

Market Cap: CN¥4.9b

Engages in research, development, production, and sales of sliding bearings in China.

Consorcio Aristos. de

Market Cap: Mex$6.9b

Through its subsidiaries, operates in the industrial and construction sectors in Mexico.

Supreme Cable Manufacturing & Commerce

Market Cap: Rp1.7t

Manufactures and sells cables, insulation, cable-related products and raw materials, and melamine products in Indonesia and internationally.

TD Power Systems

Market Cap: ₹75.0b

Manufactures and sells AC generators and electric motors in India, Japan, the United States, Europe, and Turkey.

Vintage Coffee and Beverages

Market Cap: ₹17.5b

Through its subsidiaries, primarily engages in the manufacture, export, and sale of coffee and beverage products in India and internationally.

DISA India

Market Cap: ₹20.8b

Manufactures and sells foundry machinery and machinery parts in India and internationally.

KRN Heat Exchanger and Refrigeration

Market Cap: ₹58.1b

Manufactures and sells aluminium and copper fin and tube-type heat exchangers for the heat, ventilation, air conditioning, and refrigeration industry.

Man Infraconstruction

Market Cap: ₹71.9b

Provides civil construction services in India.

Automobile Corporation of Goa

Market Cap: ₹10.5b

Manufactures and sells pressed parts, components, sub-assemblies, and bus bodies for range of automobiles in India.

Beijing Jingcheng Machinery Electric

Market Cap: HK$6.1b

Manufactures and sells gas storage and transportation equipment in the People’s Republic of China and internationally.

Servotech Renewable Power System

Market Cap: ₹30.9b

Manufactures and sells light-emitting diode (LED) lights, electric vehicle (EV) chargers, and solar power products in India and internationally.

Creative Newtech

Market Cap: ₹9.0b

Distributes information technology (IT), gaming, imaging, lifestyle, and security products in India and internationally.

Unity Group Holdings International

Market Cap: HK$1.3b

An investment holding company, engages in the leasing and trading of energy saving products.

Sinomach Precision Industry Group

Market Cap: CN¥8.6b

Sinomach Precision Industry Group Co., Ltd.

Marine Electricals (India)

Market Cap: ₹25.9b

Manufactures and sells various marine and industrial electrical and electronic components in India and internationally.

Bajaj Steel Industries

Market Cap: ₹14.1b

Manufactures and sells cotton ginning and pressing machinery in India.

Carraro India

Market Cap: ₹25.8b

Manufactures and sells automotive equipment, parts, and components in India and internationally.

HPL Electric & Power

Market Cap: ₹36.5b

Manufactures and sells electric equipment under the HPL brand in India.

BF Utilities

Market Cap: ₹31.5b

Engages in the infrastructure business in India.

Yee Hop Holdings

Market Cap: HK$955.0m

An investment holding company, provides engineering and construction services in Hong Kong, the People’s Republic of China, and the Philippines.

Vallibel One

Market Cap: LK₨97.0b

A diversified holding company, engages in the tile and sanitaryware manufacturing, finance, leisure, aluminum extrusion, and consumer industries in Sri Lanka and internationally.

delta holding

Market Cap: د.م7.3b

Operates in the infrastructure, metallurgical, water and environmental, and para-chemistry and services fields worldwide.

Girisim Elektrik Sanayi Taahhüt ve Ticaret

Market Cap: ₺18.9b

Girisim Elektrik Sanayi Taahhüt ve Ticaret A.S.

Jet Contractors

Market Cap: د.م6.3b

Operates as a general contracting company in Africa.

Tümosan Motor ve Traktör Sanayi

Market Cap: ₺11.9b

Engages in the production, marketing, and sale of diesel engines and tractors in Turkey and internationally.

Karnell Group

Market Cap: SEK 3.0b

A private equity firm specializing investments in add-on acquisitions, expansion and small and medium-sized companies.

FW Thorpe

Market Cap: UK£384.8m

Designs, manufactures, and supplies professional lighting equipment in the United Kingdom, Ireland, the United Arab Emirates, Australia, the Netherlands, Germany, France, Spain, rest of Europe, and internationally.

Ashot Ashkelon Industries

Market Cap: ₪1.5b

Manufactures and sells systems and components for aerospace and defense in Israel and internationally.

Chien Kuo Construction

Market Cap: NT$5.0b

Engages in the construction business in Taiwan and China.