Global Capital Goods Undiscovered Gems With Strong Fundamentals

New Asia Construction & Development

Market Cap: NT$3.3b

Provides public construction services for governments in Taiwan.

Hind Rectifiers

Market Cap: ₹29.1b

Designs, develops, manufactures, and markets power semiconductors, power electronic equipment, and railway transportation equipment in India and internationally.

Maezawa Kasei Industries

Market Cap: JP¥32.7b

Produces and sells water and sewerage related products, and environmental equipment.

Ebara JitsugyoLtd

Market Cap: JP¥52.6b

Manufactures and sells environment related products in Japan.

KP Green Engineering

Market Cap: ₹28.0b

Engages in engineering and manufacture of steel structure in India.

Shenzhen Tongye TechnologyLtd

Market Cap: CN¥4.1b

Engages in the research and development, production, sale, and maintenance services of rail transit electrical equipment products in China.

Otec

Market Cap: JP¥27.4b

Trades pipework equipment in Japan.

Techno Ryowa

Market Cap: JP¥99.4b

Engages in the design, construction, and maintenance of environmental control systems primarily in Japan.

Indo Farm Equipment

Market Cap: ₹12.4b

Manufactures and sells agricultural, industrial, and construction equipment in India.

Subaru Enterprise

Market Cap: JP¥44.1b

Engages in the maintenance and cleaning of roads and road ancillary facilities in Japan.

Komori

Market Cap: JP¥80.8b

Engages in the manufacture, sale, and repair of printing presses in Japan, North America, Europe, and Greater China.

Voltamp Energy SAOG

Market Cap: ر.ع77.2m

Manufactures, distributes, and sells transformers, medium and low voltage switchgears, and panels in the Sultanate of Oman.

Wuxi Chemical Equipment

Market Cap: CN¥5.2b

Designs, develops, manufactures, and markets metal pressure vessels in China.

Tai Sin Electric

Market Cap: S$241.6m

Manufactures and deals in cable and wire products in Singapore, Malaysia, Brunei, Vietnam, Indonesia, Myanmar, Cambodia, Thailand, and internationally.

Triocean Industrial Corporation

Market Cap: NT$4.7b

Engages in the construction business in Taiwan.

Daewon Cable

Market Cap: ₩234.1b

Manufactures and sells cables and wires in South Korea and internationally.

Minmetals Development

Market Cap: CN¥10.3b

Engages in resource trading, metal trading, and supply chain services in China and internationally.

Zhongyeda Electric

Market Cap: CN¥5.3b

Engages in the distribution of industrial electrical products in China.

Zhejiang JW Precision MachineryLtd

Market Cap: CN¥8.5b

Engages in the research and development, production, and sale of bearing rings in China and internationally.

Qingdao Daneng Environmental Protection Equipment

Market Cap: CN¥3.7b

Qingdao Daneng Environmental Protection Equipment Co., Ltd.

Keli Motor Group

Market Cap: CN¥11.4b

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

Techno Smart

Market Cap: JP¥22.8b

Provides liquid crystal-related film and cast film manufacturing devices.

Concord Enviro Systems

Market Cap: ₹10.6b

Engages in providing water and wastewater treatment, and reuse solutions.

Center International GroupLtd

Market Cap: CN¥8.7b

Provides building metal enclosure systems solutions in China.

China Post Technology

Market Cap: CN¥8.8b

Engages in the research and development, design, production, sale, and related servicing of intelligent logistics systems in China.

Nantong Guosheng Intelligence Technology Group

Market Cap: CN¥4.3b

Nantong Guosheng Intelligence Technology Group Co., Ltd.

Surya Toto Indonesia

Market Cap: Rp2.7t

Manufactures and sells sanitary, fittings, kitchen systems, and other related products in Indonesia and internationally.

Kuwait Company for Process Plant Construction and Contracting K.S.C.P

Market Cap: د.ك44.7m

The Kuwait Company for Process Plant Construction and Contracting K.S.C.P.

Jinlihua Electric

Market Cap: CN¥2.4b

Engages in the research, development, manufacture, and supply of functional glass and insulation products for use in HV, UHV, and EHV transmission lines in China and internationally.

Shandong Sacred Sun Power SourcesLtd

Market Cap: CN¥6.9b

Provides green energy solutions worldwide.

ShenZhen Click TechnologyLTD

Market Cap: CN¥8.3b

Designs, produces, sells, and services LED lighting power supplies, power battery chargers, communication power supplies, adapters, magnetic components, electric car chargers, charging piles, and others in China and internationally.

Shanghai Guangdian Electric Group

Market Cap: CN¥3.3b

Shanghai Guangdian Electric Group Co., Ltd.

Shanghai Material Trading

Market Cap: CN¥5.1b

Engages in the wholesale and retail of production materials for automobile and chemicals in China and internationally.

SEC Electric Machinery

Market Cap: CN¥6.3b

Researches and develops, manufactures, and sells motors in China.

SalfaCorp

Market Cap: CL$512.5b

Engages in engineering, construction, and real estate businesses in Chile and internationally.

Martifer SGPS

Market Cap: €232.7m

Operates in the metallic constructions and renewable energy development sectors in Portugal, Angola, Saudi Arabia, Europe, and internationally.