Global Capital Goods Undiscovered Gems With Strong Fundamentals

Aitken Spence

Market Cap: LK₨57.4b

Operates as a diversified conglomerate in Sri Lanka, Maldives, and internationally.

ActBlue

Market Cap: CN¥2.5b

Researches, develops, and sells diesel, gasoline, and natural gas engine exhaust after-treatment products.

Sinko Industries

Market Cap: JP¥82.8b

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

TOKAI Holdings

Market Cap: JP¥130.5b

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

Tsukishima Holdings

Market Cap: JP¥87.5b

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

Hangzhou Weiguang ElectronicLtd

Market Cap: CN¥7.6b

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

Daihatsu Infinearth Mfg.Co.Ltd

Market Cap: JP¥52.9b

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

Seiko Electric

Market Cap: JP¥18.3b

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

Viglacera

Market Cap: ₫20.0t

Manufactures and sells building materials in Vietnam.

Moon Environment TechnologyLtd

Market Cap: CN¥11.0b

Operates refrigeration and air condition business 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.

Nitta

Market Cap: JP¥105.5b

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

Ningbo BaoSi Energy Equipment

Market Cap: CN¥5.1b

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

Nihon Dengi

Market Cap: JP¥72.1b

Engages in the automatic control system business in Japan.

Senshu ElectricLtd

Market Cap: JP¥71.1b

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

LX Holdings

Market Cap: ₩737.0b

Through its subsidiaries, engages in the energy, palm, living resources, logistics, living space, silicon works, and materials and solutions businesses.

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.

Somero Enterprises

Market Cap: UK£119.7m

Designs, assembles, remanufactures, sells, and distributes concrete leveling, contouring, and placing equipment.

Atrem

Market Cap: zł391.4m

Provides industrial automation, telecommunications and electrical power engineering services for infrastructure and construction projects in Poland.

Orge Enerji Elektrik Taahhüt Anonim Sirketi

Market Cap: ₺5.6b

Provides electricity contracting services in Turkey.

Precia

Market Cap: €156.8m

Designs, manufactures, sells, and services weighing solutions.

Hyundai

Market Cap: ₩340.2b

Operates as an import and export trading company worldwide.

Zhejiang Xidamen New MaterialLtd

Market Cap: CN¥2.4b

Engages in the research and development, design, production, and sale of indoor and outdoor light and heat block, anti-dust, anti-UV, and energy saving products in China.

Jiangsu Shentong Valve

Market Cap: CN¥6.5b

Researches, develops, produces, and sells special valves in China and internationally.

Leedarson IoT Technology

Market Cap: CN¥7.3b

Engages in the research and development, and production of Internet of things (IoT)-enabled products, LED bulbs, fixtures, luminaires, light sources, and other products.

EVA Precision Industrial Holdings

Market Cap: HK$1.3b

An investment holding company, provides precision manufacturing services in the People’s Republic of China, Vietnam, and Mexico.

Soilbuild Construction Group

Market Cap: S$142.3m

An investment holding company, engages in the residential and business space properties construction in Singapore, Myanmar, Malaysia, and internationally.

Hangzhou Zhongheng Electric

Market Cap: CN¥8.4b

Provides electronics manufacturing solutions in China, rest of Asia, Europe, the United States, Oceania, and internationally.

HYUNDAI MOVEX

Market Cap: ₩506.6b

Operates in the information technology (IT) and logistics system businesses in South Korea and internationally.

Maruzen

Market Cap: JP¥55.8b

Engages in the manufacture and sale of commercial kitchen equipment for the domestic market.

Acter Group

Market Cap: NT$51.3b

Provides engineering services in Taiwan, Mainland China, and other Asian countries.

Pitti Engineering

Market Cap: ₹36.2b

Manufactures and sells iron and steel engineering products in India.

Oman Cables Industry SAOG

Market Cap: ر.ع210.8m

Operates as a subsidiary of Draka Holding B.V.

Aida Engineering

Market Cap: JP¥49.7b

Manufactures and sells press machines, auto-processing lines, industrial robots, auto-conveyers, and dies in Japan, China, rest of Asia, the Americas, and Europe.

DAEYANG ELECTRIC.Co.Ltd

Market Cap: ₩197.8b

Provides lighting, communication system, power system, underwater system, and sensors in South Korea and internationally.

Nippon Densetsu Kogyo

Market Cap: JP¥151.7b

Operates as a railway electronics equipment construction company in Japan.