Global Capital Goods Undiscovered Gems With Strong Fundamentals

Xianheng International Science&Technology

Market Cap: CN¥6.3b

Xianheng International Science&Technology Co., Ltd.

Ingersoll-Rand (India)

Market Cap: ₹128.1b

Manufactures and sells industrial air compressors in India.

Arwana Citramulia

Market Cap: Rp4.2t

Manufactures and distributes ceramic tiles in Indonesia.

Taihei Dengyo Kaisha

Market Cap: JP¥119.1b

Engages in the plant construction business in Japan and internationally.

ISDN Holdings

Market Cap: S$136.8m

Provides motion control, industrial computing, and other specialized engineering solutions in Singapore, China, Hong Kong, Malaysia, Indonesia, Vietnam, and internationally.

Shaily Engineering Plastics

Market Cap: ₹74.5b

Engages in the manufacture and sale of precision injection moulded plastic components/products in India.

BAUER

Market Cap: €297.0m

Provides services, equipment, and products related to ground and groundwater in Germany, Europe, the Middle East, the Asia Pacific, the Americas., and Africa.

Newag

Market Cap: zł3.2b

Engages in the production and sale of railway locomotives and rolling stocks in Poland.

Italmobiliare

Market Cap: €1.2b

An investment holding company, owns and manages a portfolio of equity and other investments in the financial and industrial sectors in Italy and internationally.

FerreycorpA

Market Cap: S/3.3b

Engages in the distribution of machinery, engines, equipment, spare parts, lubricants, and other goods in Peru, and Central and South America.

GKG Precision Machine

Market Cap: CN¥4.6b

Engages in the research and development, production, sale, and service of precision automation equipment.

Shanghai Research Institute of Building Sciences Group

Market Cap: CN¥7.2b

Shanghai Research Institute of Building Sciences Group Co., Ltd.

Cyber Power Systems

Market Cap: NT$24.4b

Designs, manufactures, and sells power protection products and computer peripheral accessories worldwide.

Quick Intelligent EquipmentLtd

Market Cap: CN¥6.3b

Quick Intelligent Equipment Co., Ltd. engages in the research and development, manufacturing, and sale of precision assembly technology for electronics in China and internationally.

Kuo Toong International

Market Cap: NT$13.2b

Engages in the design, production, and assembly of water supply and division pipes in Taiwan and Mainland China.

Shanghai Cooltech Power

Market Cap: CN¥10.1b

Manufactures and sells power generation equipment in China.

Hyundai Hyms

Market Cap: ₩671.7b

Manufactures and sells shipbuilding equipment in South Korea.

Isgec Heavy Engineering

Market Cap: ₹89.3b

Provides engineering solutions worldwide.

Harbin Electric

Market Cap: HK$13.2b

Manufactures and sells power plant equipment in the People’s Republic of China, the rest of Asia, Africa, Europe, and the United States.

Garuda Metalindo

Market Cap: Rp2.8t

Manufactures and sells precision fasteners and engineered components primarily for the automotive industry in Indonesia, rest of Asia, Europe, and the Americas.

Kanematsu

Market Cap: JP¥237.5b

Operates in trading of commercial products in Japan and internationally.

Teikoku Electric Mfg.Co.Ltd

Market Cap: JP¥51.8b

Engages in the manufacture and sale of electrical equipment and general machinery.

Hirakawa Hewtech

Market Cap: JP¥24.5b

Manufactures and sells cable and assemblies, electric and electronic equipment, and medical equipment and parts in Japan and internationally.

Khgears International

Market Cap: NT$8.1b

Manufactures and sells gears and gearboxes in Asia, the United States, and Europe.

Zhejiang Yonggui Electric Equipment

Market Cap: CN¥6.4b

Zhejiang Yonggui Electric Equipment Co., Ltd.

APT Electronics

Market Cap: HK$1.8b

Manufactures and sells intelligent vision products and system solutions in Mainland China and internationally.

Guangdong Create Century Intelligent Equipment Group

Market Cap: CN¥13.5b

Engages in the research, development, production, and sale of high-end intelligent equipment business in China.

Kawada Technologies

Market Cap: JP¥67.3b

Engages in the steel, civil engineering, architecture, and IT service sectors in Japan.

Precision Tsugami (China)

Market Cap: HK$7.5b

An investment holding company, manufactures and sells computer numerical control machine tools primarily in Mainland China and internationally.

ChenFull Precision

Market Cap: NT$6.3b

Manufactures and sells structure parts and engine cases for international civil aviation industry, and critical parts and components for optoelectronic and semiconductor equipment industry in Taiwan and internationally.

Teikoku Sen-i

Market Cap: JP¥73.6b

Manufactures and sells disaster prevention products and equipment in Japan.

Koncar - distributivni i specijalni transformatori d.d

Market Cap: €1.6b

Together with its subsidiary, engages in the design, production, sale, and servicing of distribution, special, and medium power transformers.

ING-GRAD d.d

Market Cap: €227.7m

Engages in construction business in Croatia.

Mekdam Holding Group - Q.P.S.C

Market Cap: ر.ق456.0m

Through its subsidiaries, operates in the IT and communication technology; engineering, procurement, and construction (EPC); consultancy; oil and gas; trading; logistics; and MEP sectors.

Air Asia

Market Cap: NT$7.0b

Operates as an aircraft maintenance company in Taiwan, rest of Asia, and internationally.

TOA

Market Cap: JP¥134.4b

Provides construction and engineering services in Japan.