Global Capital Goods Undiscovered Gems With Strong Fundamentals

Sichuan Kexin Mechanical and Electrical EquipmentLtd

Market Cap: CN¥3.8b

Engages in the design, development, and manufacture of heavy-duty process equipment and system integration in China and internationally.

Dalian Huarui Heavy Industry Group

Market Cap: CN¥11.9b

Dalian Huarui Heavy Industry Group Co., Ltd.

Nishio Holdings

Market Cap: JP¥113.8b

Engages in the construction machinery rental business in Japan and internationally.

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.

FurukawaLtd

Market Cap: JP¥86.8b

Manufactures and sells machinery, metals, electronics, and chemical products worldwide.

Noritake

Market Cap: JP¥106.4b

Noritake Co., Limited with its subsidiaries, provides industrial, ceramic and material, engineering, and tabletop products in Japan and internationally.

Rheon Automatic Machinery

Market Cap: JP¥33.4b

Develops, manufactures, and supplies a range of food processing machines and factory systems in Japan and internationally.

TOA

Market Cap: JP¥134.4b

Provides construction and engineering services in Japan.

Maezawa Industries

Market Cap: JP¥28.7b

Designs, manufactures, sells, and installs equipment and apparatus for water supply and sewage systems in Japan and internationally.

CviLux

Market Cap: NT$3.9b

Manufactures and sells electronics components in Taiwan, Asia, Europe, and internationally.

Ningbo Lehui International Engineering EquipmentLtd

Market Cap: CN¥3.7b

Ningbo Lehui International Engineering Equipment Co.,Ltd.

Up-shine Lighting

Market Cap: CN¥4.2b

Engages in the research and development, manufacturing, and sale of LED lighting products worldwide.

Grenevia

Market Cap: zł1.5b

Manufactures and sells machinery and equipment for mining, transport, handling, and power industries worldwide.

Hemas Holdings

Market Cap: LK₨89.6b

Through its subsidiaries, operates in consumer, healthcare, and mobility sectors in Sri Lanka and Asia.

Indian Hume Pipe

Market Cap: ₹23.6b

Engages in construction contract activities in India.

Olectra Greentech

Market Cap: ₹98.8b

Manufactures and sells electrical buses and trucks in India.

Lubair Aviation Technology

Market Cap: CN¥3.7b

Provides aviation materials solutions worldwide.

Tomoe Engineering

Market Cap: JP¥43.4b

Engages in chemical, and machinery and equipment businesses in Japan, Asia, and internationally.

Namura Shipbuilding

Market Cap: JP¥209.2b

Engages in the manufacture and sale of ships, machinery, and steel structures worldwide.

Aluminium Du Maroc

Market Cap: د.م913.3m

Engages in design and manufacture of aluminium alloy profiles for construction and industry in Morocco.

KOZO KEIKAKU ENGINEERING HOLDINGS

Market Cap: JP¥27.3b

A professional design and engineering company, provides solutions in the fields of safety and security, information transmission, manufacturing, and scientific decision-making support in Japan.

CTT Systems

Market Cap: SEK 3.1b

Provides humidity control systems for aircraft in Sweden, Denmark, France, the United States, and internationally.

Cavotec Group

Market Cap: SEK 1.9b

Cavotec SA, a cleantech company, designs and delivers connection and electrification solutions to enable the decarbonization of ports and industrial applications in Europe, the Middle East and Africa, the Asia Pacific, and North America.

HMS Bergbau

Market Cap: €183.6m

Engages in trading and distributing coal and other energy raw materials to energy producers, cement manufacturers, and industrial consumers worldwide.

Ringmetall

Market Cap: €94.2m

Develops, produces, and markets packaging solutions for industrial drums in Germany and internationally.

EVI Industries

Market Cap: US$314.9m

Through its subsidiaries, engages in the distribution, sale, rental, and lease of commercial and industrial laundry and dry-cleaning equipment in the United States, Canada, the Caribbean, and Latin America.

Power Solutions International

Market Cap: US$1.7b

Designs, engineers, manufactures, markets, and sells engines and power systems in the United States, North America, the Pacific Rim, Europe, and internationally.

Impro Precision Industries

Market Cap: HK$6.0b

Provides casting products and precision machining parts in the Americas, Europe, and Asia.

Wonderful Hi-tech

Market Cap: NT$6.2b

Manufactures and sells electronic wires and cables in Taiwan, China, Hong Kong, Vietnam, Thailand, and the United States.

Noblelift Intelligent EquipmentLtd

Market Cap: CN¥5.9b

Engages in the intelligent manufacturing equipment and smart logistics system businesses in China and internationally.

XRF Scientific

Market Cap: AU$263.5m

Manufactures and markets precious metal products, specialized chemicals, and instruments for the scientific, analytical, construction material, and mining industries in Australia, Canada, and Europe.

Hantech

Market Cap: ₩362.5b

Produces and sells chemical process equipment/storage tanks and cryogenic containers in South Korea.

Invicta Holdings

Market Cap: R3.3b

An investment holding company, engages in the distribution of engineering components and consumables in South Africa, the Rest of Africa, Europe, and Asia.

HanmiGlobal

Market Cap: ₩208.4b

Provides construction project management services in South Korea and internationally.

Elecon Engineering

Market Cap: ₹148.1b

Manufactures and sells Industrial Gears and Material Handling Equipment in India and internationally.

Skipper

Market Cap: ₹58.6b

Manufactures and sells transmission and distribution structures, telecom towers, and fasteners in India.