Global Capital Goods Undiscovered Gems With Strong Fundamentals

Oiltek International

Market Cap: S$338.9m

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.

Asian Star Anchor Chain Jiangsu

Market Cap: CN¥9.4b

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

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.

Ajax Engineering

Market Cap: ₹65.9b

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

LU-VE

Market Cap: €836.1m

Engages in the production and marketing of heat exchangers and air cooled equipment in Italy and internationally.

Shanxi Huaxiang Group

Market Cap: CN¥9.5b

Engages in the research and development, production, and sale of customized metal parts in China and internationally.

Aerospace Nanhu Electronic Information Technology

Market Cap: CN¥11.9b

Aerospace Nanhu Electronic Information Technology Co., Ltd.

Hanwa

Market Cap: JP¥261.3b

Trades in steel bars, construction works, steel plates, special steel, wire rods, steel pipes, and other products in Japan and internationally.

Dongguan Dingtong Precision Metal

Market Cap: CN¥12.4b

Dongguan Dingtong Precision Metal Co., Ltd.

Morimatsu International Holdings

Market Cap: HK$12.3b

Designs, manufactures, installs, operates, and maintains core equipment, process systems, and solutions primarily for chemical reactions, biological reactions, and polymerization.

Tasmea

Market Cap: AU$1.3b

Provides shutdown, maintenance, emergency breakdown, and capital upgrade services in Australia.

technotrans

Market Cap: €228.0m

Operates as a technology and services company worldwide.

Alimak Group

Market Cap: SEK 14.6b

Alimak Group AB (publ) desigs and manufactures vertical access solutions in Europe, Asia, Australia, South and North America, and internationally.

Nolato

Market Cap: SEK 16.6b

Develops, manufactures, and sells plastic, silicone, and thermoplastic elastomer products in Europe, Asia, North America, and internationally.

NWPX Infrastructure

Market Cap: US$551.6m

Engages in the manufacture and sale of water-related infrastructure products in North America and Canada.

American Superconductor

Market Cap: US$1.6b

Provides megawatt-scale power resiliency solutions worldwide.

HanmiGlobal

Market Cap: ₩188.9b

Provides construction project management services in South Korea and internationally.

NORINCO International Cooperation

Market Cap: CN¥12.2b

Engages in the engineering construction and services, resources and equipment supply chain, power operations, and industrial manufacturing businesses in China and internationally.

Signature Alliance Group Berhad

Market Cap: RM 835.0m

An investment holding company, provides interior fitting-out services and building construction works in Malaysia.

MTAR Technologies

Market Cap: ₹80.3b

Manufactures and sells high precision, heavy equipment, components, and machines in India and internationally.

SCG Decor

Market Cap: ฿7.8b

Through its subsidiaries, produces and distributes of ceramic tiles, sanitary ware, and other related products and services in Thailand, Vietnam, and internationally.

INOX India

Market Cap: ₹109.0b

Manufactures and supplies cryogenic liquid storage and transport tanks for gas companies and engineering, procurement, and construction (EPC) companies in India and internationally.

AQ Group

Market Cap: SEK 17.3b

Develops, manufactures, and assembles components and systems for industrial customers in Sweden, Finland, Germany, the United States of America, China, France, Poland, Italy, the Netherlands, India, Canada, and internationally.

Cembre

Market Cap: €1.0b

Engages in the manufacture and sale of electrical connectors, cable accessories, and tools in Italy, the rest of Europe, and internationally.

Hazama Ando

Market Cap: JP¥275.5b

Engages in construction and related business in Japan and internationally.

Hwaway Technology

Market Cap: CN¥6.3b

Engages in the research and development, production, and sale of elastic components in China and internationally.

PFISTERER Holding

Market Cap: €1.2b

Manufactures and sells cable fittings, insulators for overhead lines, and associated components for sensitive interfaces in energy networks and renewable energy generation.

Svedbergs Group

Market Cap: SEK 3.2b

Develops, manufactures, and markets bathroom products in the Nordic region, the United Kingdom, and the Netherlands.

Multiconsult

Market Cap: NOK 4.4b

Engages in the provision of engineering design, consultancy, and architecture services in Norway, Sweden, Denmark, Poland, and internationally.

Burkhalter Holding

Market Cap: CHF 1.5b

Through its subsidiaries, provides electrical engineering services to the construction sector primarily in Switzerland.

Endúr

Market Cap: NOK 4.2b

Operates as a supplier of construction and maintenance projects, services, and solutions for infrastructure in Norway and the Norwegian Continental Shelf, Sweden, and internationally.

GRK Infra Oyj

Market Cap: €525.7m

Provides infrastructure construction services in Finland, Sweden, and Estonia.

TOCALOLtd

Market Cap: JP¥122.9b

Develops surface modifying technologies in Japan and internationally.

KITZ

Market Cap: JP¥143.9b

Engages in the manufacturing and selling of valves, other flow control devices, and related products in Japan and internationally.

Emeco Holdings

Market Cap: AU$604.5m

Engages in the provision of surface and underground mining equipment rental, complementary equipment, and mining services in Australia.

Shenzhen Highpower Technology

Market Cap: CN¥7.1b

Engages in the research, design, development, manufacture, and sale of lithium-ion and nickel-metal hydride batteries in China.