Global Capital Goods Undiscovered Gems With Strong Fundamentals

HYUNDAI MOVEX

Market Cap: ₩969.7b

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

Shenzhen INVT ElectricLtd

Market Cap: CN¥7.2b

Engages in the industrial automation, and energy and power businesses in China and internationally.

Al Hassan Ghazi Ibrahim Shaker

Market Cap: ر.س1.3b

Engages in the trading, wholesale, and maintenance of spare parts, electronic equipment, household equipment, and air-conditioners in Saudi Arabia.

DKSH Holdings (Malaysia) Berhad

Market Cap: RM 802.5m

An investment holding company, provides market expansion services to consumer goods, performance materials, healthcare, and technology industries.

Alumasc Group

Market Cap: UK£92.6m

Manufactures and sells building products and solutions in the United Kingdom, Europe, North America, the Middle East, the Far East, and internationally.

Hudaco Industries

Market Cap: R5.4b

Imports and distributes automotive, industrial, and electrical consumable products in South Africa and internationally.

China Yuchai International

Market Cap: US$1.4b

Manufactures, assembles, and sells diesel and natural gas engines for trucks, buses, pickups, construction and agricultural equipment, and marine and power generation applications.

Makino Milling Machine

Market Cap: JP¥266.4b

Engages in the manufacture, sale, and maintenance of machine tools in Japan, Asia, the United States, Europe, and internationally.

Kunshan Dongwei TechnologyLtd

Market Cap: CN¥11.0b

Engages in the research and development, manufacture, and sale of print circuit board plating equipment in China.

Totetsu Kogyo

Market Cap: JP¥142.0b

Engages in the railway track maintenance, civil engineering, architectural, and environmental businesses in Japan.

KEDE Numerical Control

Market Cap: CN¥7.9b

Manufactures and markets CNC systems and functional components in China.

Hong Leong Asia

Market Cap: S$1.7b

An investment holding company, manufactures and distributes powertrain solutions and related products, building materials, and rigid packaging products in the People’s Republic of China, Singapore, Malaysia, and internationally.

Bozhon Precision Industry TechnologyLtd

Market Cap: CN¥14.1b

Bozhon Precision Industry Technology Co.,Ltd.

Camel Group

Market Cap: CN¥11.9b

Manufactures and sells green lead-acid and new energy lithium-ion batteries in Mainland China and Internationally.

Arteche Lantegi Elkartea

Market Cap: €1.2b

Engages in the design, manufacture, integration, and supply of electrical equipment and solutions focusing on renewable energy and smart grids in Spain and internationally.

Bonheur

Market Cap: NOK 9.1b

Engages in the renewable energy, wind service, and cruise businesses in the United Kingdom, Norway, Europe, Asia, the Americas, Africa, and Internationally.

Arwana Citramulia

Market Cap: Rp3.9t

Manufactures and distributes ceramic tiles in Indonesia.

Sanhe Tongfei Refrigeration

Market Cap: CN¥13.0b

Manufactures and sells industrial temperature control products in China.

Cemindia Projects

Market Cap: ₹141.7b

Provides construction and civil engineering contracting services in India.

Tornado Infrastructure Equipment

Market Cap: CA$263.1m

Through its subsidiaries, designs, fabricates, manufactures, and sells hydrovac trucks in North America.

Longhua Technology GroupLtd

Market Cap: CN¥9.0b

Manufactures and sells heat transfer and energy-saving equipment in China.

Oiltek International

Market Cap: S$328.2m

An investment holding company, engages in the supply and provision of engineering design and commissioning of oil extraction equipment and plant in Asia, the United States, and Africa.

SAM Engineering & Equipment (M) Berhad

Market Cap: RM 3.0b

An investment holding company, engages in the aerospace and equipment manufacturing businesses in Malaysia, rest of Asia, North and Latin America, and Europe.

Rolex Rings

Market Cap: ₹30.1b

Manufactures and sell of forged and machined bearing rings, and automotive components in India and internationally.

BRC Asia

Market Cap: S$1.1b

Engages in the prefabrication of steel reinforcement for use in concrete in Singapore, Australia, Brunei, Hong Kong, Indonesia, Malaysia, Thailand, India, and internationally.

Asian Star Anchor Chain Jiangsu

Market Cap: CN¥9.5b

Engages in the manufacture and sale of anchor chains, marine mooring chains, and related accessories worldwide.

Ajax Engineering

Market Cap: ₹71.6b

Manufactures and sells self-loading concrete mixers, concrete batching plants, and concrete pumps in India and internationally.

Nissei ASB Machine

Market Cap: JP¥97.7b

Engages in the planning, development, manufacturing, and distribution of production machines for PET and other plastic bottles worldwide.

Jacquet Metals

Market Cap: €371.8m

Engages in the storage and distribution of special metals in Germany, France, Italy, North America, Spain, the Netherlands, rest of Europe, and internationally.

Avio

Market Cap: €848.0m

Through its subsidiaries, designs, develops, produces, and integrates space launchers in Italy and internationally.

Deceuninck

Market Cap: €284.7m

Engages in the design, manufacture, recycling, and distribution of multi-material window, door, and building solutions in Europe, North America, Turkey, and internationally.

Gibraltar Industries

Market Cap: US$1.7b

Manufactures and provides products and services for the residential, renewable energy, agtech, and infrastructure markets in the United States and internationally.

Karat Packaging

Market Cap: US$448.8m

Engages in the manufacture and distribution of single-use disposable products in plastic, paper, biopolymer-based, and other compostable forms used in various restaurant and foodservice settings.

MBB

Market Cap: €979.3m

Engages in the acquisition and management of medium-sized companies primarily in the technology and engineering sectors in Germany and internationally.

engcon

Market Cap: SEK 11.3b

Engages in the design, production, and sale of excavator tools in Sweden, Denmark, Norway, Finland, rest of Europe, North and South America, Japan, South Korea, Australia, New Zealand, and internationally.

Momentum Group

Market Cap: SEK 7.6b

Supplies industrial components, industrial services, and related services to the industrial sector in Sweden, Norway, Denmark, Finland, and internationally.