Global Capital Goods Undiscovered Gems With Strong Fundamentals

Voneseals Technology (Shanghai)

Market Cap: CN¥2.8b

Engages in the research, development, production, and sale of hydraulic and pneumatic sealing products in the People’s Republic of China.

Creative Newtech

Market Cap: ₹8.9b

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

Sinmag Equipment

Market Cap: NT$7.0b

Engages in the manufacture, retail, and wholesale of baking and food service equipment.

Zhe Jiang Headman MachineryLtd

Market Cap: CN¥4.9b

Manufactures and sells computer numerical control machine tools.

Xiamen Voke Mold & Plastic Engineering

Market Cap: CN¥8.3b

Xiamen Voke Mold & Plastic Engineering Co., Ltd.

Sijin Intelligent Forming Machinery

Market Cap: CN¥3.9b

Sijin Intelligent Forming Machinery Co., Ltd.

Jet Contractors

Market Cap: د.م6.2b

Operates as a general contracting company in Africa.

delta holding

Market Cap: د.م7.1b

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

Girisim Elektrik Sanayi Taahhüt ve Ticaret

Market Cap: ₺20.8b

Girisim Elektrik Sanayi Taahhüt ve Ticaret A.S.

Tümosan Motor ve Traktör Sanayi

Market Cap: ₺12.0b

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.

Ashot Ashkelon Industries

Market Cap: ₪1.5b

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

FW Thorpe

Market Cap: UK£387.2m

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.

Inox Wind Energy

Market Cap: ₹128.3b

Engages in the manufacture and sale of wind turbine generators (WTGs) in India.

Inaba Denki SangyoLtd

Market Cap: JP¥223.4b

Provides electrical equipment and materials, industrial automation, and proprietary products in Japan.

Morita Holdings

Market Cap: JP¥92.4b

Through its subsidiaries, engages in the development, manufacture, and sale of ladder trucks, fire trucks, and specialty vehicles in Japan and internationally.

Nishoku Technology

Market Cap: NT$7.9b

Designs and manufactures plastic injection molds in Taiwan, rest of Asia, the United States, Europe, and internationally.

Ongoal Technology

Market Cap: CN¥9.2b

Engages in the research, design, production, and sale of material handling and automation equipment in China.

Toenec

Market Cap: JP¥118.2b

An integrated facility company, engages in the construction and improvement of social infrastructure in the energy, environment, and information technology fields in Japan.

Yamato

Market Cap: JP¥42.9b

Designs, constructs, and manages architecture, civil engineering, air conditioning, sanitation, refrigeration, water supply, sewerage, water treatment, and hot bathing projects.

Qinchuan Machine Tool & Tool Group Share

Market Cap: CN¥12.0b

Qinchuan Machine Tool & Tool Group Share Co., Ltd.

Lutian Machinery

Market Cap: CN¥3.5b

Engages in the research, design, development, production, and sale of general power machinery and high-pressure washers in China.

Meiko ConstructionLtd

Market Cap: JP¥34.4b

Engages in the construction business in Japan.

Hefei Taihe Intelligent Technology GroupLtd

Market Cap: CN¥3.3b

Hefei Taihe Intelligent Technology Group Co.,Ltd.

Tanco Holdings Berhad

Market Cap: RM 4.8b

An investment holding company, engages in the property development business primarily in Malaysia.

Longjian Road&BridgeLtd

Market Cap: CN¥3.7b

Engages in the construction of roads and bridges in China and internationally.

Nava

Market Cap: ₹168.5b

Engages in the ferro alloys, power, mining, and healthcare businesses in India and internationally.

Shenzhen JT Automation EquipmentLtd

Market Cap: CN¥4.2b

Engages in the research and development, production, and sale of intelligent equipment and manufacturing systems.

Yalian Machinery

Market Cap: CN¥4.3b

Engages in the research, development, production, service, and sale of wood-based panel production lines and supporting equipment.

Jiangsu Tongli Risheng Machinery

Market Cap: CN¥6.6b

Jiangsu Tongli Risheng Machinery Co., Ltd.

Meiwa

Market Cap: JP¥28.3b

Engages in the chemicals, lubricants, battery materials, automotive and mineral resource, and environmental businesses in Japan and internationally.

Suzhou Huazhijie Telecom

Market Cap: CN¥5.3b

Researches, develops, manufactures, and markets electronic components for the automotive industry.

Sanyou

Market Cap: CN¥3.8b

Engages in the research and development, manufacture, and sale of relays in China.

PS Construction

Market Cap: JP¥84.4b

Engages in the civil engineering and architecture businesses in Japan and internationally.

Jyoti Structures

Market Cap: ₹23.4b

Manufactures and sells transmission line towers, substation structures, and tall antenna towers/masts in India and internationally.

Bunka Shutter

Market Cap: JP¥174.4b

Manufactures and sells various shutters and construction materials in Japan.