Global Capital Goods Undiscovered Gems With Strong Fundamentals

Well Shin Technology

Market Cap: NT$6.8b

Engages in the manufacture, wholesale, and retail of wire and cable products, electronic components, and electronic materials in Asia, the United States, Europe, and internationally.

Noblelift Intelligent EquipmentLtd

Market Cap: CN¥5.9b

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

Wonderful Hi-tech

Market Cap: NT$6.4b

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

Elecon Engineering

Market Cap: ₹143.6b

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

HanmiGlobal

Market Cap: ₩205.4b

Provides construction project management services in South Korea and internationally.

Ringmetall

Market Cap: €94.2m

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

Jensen-Group

Market Cap: €546.3m

Designs, produces, and supplies single machines, systems, turnkey solutions, and laundry process automation for the heavy-duty laundry industry.

Grupo Empresarial San José

Market Cap: €392.8m

Engages in construction business in Spain and internationally.

KIMURA KOHKILtd

Market Cap: JP¥37.6b

Designs, manufactures, and sells air-conditioning and heat exchanger equipment in Japan.

Muhibbah Engineering (M) Bhd

Market Cap: RM 437.6m

Engages in the provision of oil and gas, marine, infrastructure, civil, and structural engineering contract works in Malaysia and internationally.

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.

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.

Nitta

Market Cap: JP¥105.3b

Provides power transmission belts, conveyor belts and units, and other products in Japan and internationally.

Nippon Dry-Chemical

Market Cap: JP¥34.4b

Engages in the design, manufacture, and sale of fire extinguishing equipment, fire engines, security systems, etc.

Moon Environment TechnologyLtd

Market Cap: CN¥11.0b

Operates refrigeration and air condition business in China and internationally.

Senshu ElectricLtd

Market Cap: JP¥71.6b

Trades in various cables, wires, and materials related to electrical construction work in Japan.

Viglacera

Market Cap: ₫20.2t

Manufactures and sells building materials in Vietnam.

TURVO International

Market Cap: NT$10.9b

Engages in the development, production, and sale of precision metal parts and components.

Rechi Precision

Market Cap: NT$12.1b

Together with its subsidiary, engages in the assembly, processing, manufacture, repair, and trading of refrigerant compressors and design services worldwide.

Daihatsu Infinearth Mfg.Co.Ltd

Market Cap: JP¥54.8b

Manufactures and sells marine engines, land engines, and industrial instruments in Japan and internationally.

Tsukishima Holdings

Market Cap: JP¥89.1b

Provides products and services for water and sewer facilities in Japan and internationally.

Hangzhou Weiguang ElectronicLtd

Market Cap: CN¥7.7b

Researches, develops, manufactures, and sells motors, fans, micro-motors, drives and controllers, robots and automation equipment, pumps, and new energy auto parts in China.

TOKAI Holdings

Market Cap: JP¥130.2b

Engages in energy, information and communications, and related businesses in Japan and internationally.

Sinko Industries

Market Cap: JP¥84.1b

Manufactures, sells, and installs air conditioning equipment in Japan and internationally.

Suwen Electric Energy TechnologyLtd

Market Cap: CN¥4.6b

Suwen Electric Energy Technology Co.,Ltd.

Acter Technology Integration Group

Market Cap: CN¥2.9b

Acter Technology Integration Group Co., Ltd.

Toyo Construction

Market Cap: JP¥140.0b

Engages in the marine and civil engineering, and building construction activities in Japan and internationally.

BlueSword Intelligent Technology

Market Cap: CN¥3.1b

BlueSword Intelligent Technology Co., Ltd.

SPG

Market Cap: ₩583.3b

Manufactures and sells precision motors, industrial motors, and motors for home use in South Korea.

Zhejiang Goldensea Hi-Tech

Market Cap: CN¥2.6b

Produces and sells environmental protection filter materials in China and internationally.

Ningbo Ligong Environment And Energy TechnologyLtd

Market Cap: CN¥4.5b

Engages in the research and development, production, sale, and service of online monitoring equipment for electric power industry in the People’s Republic of China.

Gas Arabian Services

Market Cap: ر.س2.6b

Provides products and services for automation, instrumentation, field services, mechanical, and piping fields in the Kingdom of Saudi Arabia.

Shandong Shuangyi Technology

Market Cap: CN¥4.1b

Engages in the research, design, development, manufacturing, sale, and service of composite products in China and internationally.

Changgao Electric Group

Market Cap: CN¥4.3b

Engages in the research, development, manufacture, and sale of power transmission equipment in the People's Republic of China.

Ningbo BaoSi Energy Equipment

Market Cap: CN¥5.2b

Engages in research, development, production, and sale of high-end precision mechanical parts and sets of equipment in China and internationally.

Seiko Electric

Market Cap: JP¥18.9b

Operates in the field of power system, and environmental energy and control system in Japan.