Global Capital Goods Undiscovered Gems With Strong Fundamentals

Momentum Group

Market Cap: SEK 7.8b

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

Deceuninck

Market Cap: €288.2m

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

MBB

Market Cap: €899.2m

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

Shanxi Huaxiang Group

Market Cap: CN¥9.4b

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

Morimatsu International Holdings

Market Cap: HK$13.6b

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

Zen Technologies

Market Cap: ₹131.7b

Engages in the design, development, manufacture, and sale of training simulators in India and internationally.

Hanwa

Market Cap: JP¥252.3b

Trades in steel, metals and alloys, nonferrous metals, food products, petroleum and chemicals, lumber, machinery, and other products in Japan and internationally.

Tasmea

Market Cap: AU$1.1b

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

TAT Technologies

Market Cap: US$471.4m

Provides solutions and services to the commercial and military aerospace and ground defense industries in the United States, Israel, and internationally.

Azad Engineering

Market Cap: ₹104.4b

Manufactures and sells precision- engineered components in India and internationally.

MTAR Technologies

Market Cap: ₹47.1b

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

NORINCO International Cooperation

Market Cap: CN¥12.0b

Operates as an engineering contractor in Asia, Africa, the Middle East, and internationally.

Guangzhou Guangri StockLtd

Market Cap: CN¥8.7b

Manufactures and sells elevators and related parts in China.

Chicony Power Technology

Market Cap: NT$41.7b

Develops, manufactures, and sells switching power supplies, electronic components and LED lighting modules, and smart building solutions in Taiwan.

Signature Alliance Group Berhad

Market Cap: RM 850.0m

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

technotrans

Market Cap: €178.2m

Operates as a technology and services company worldwide.

Nolato

Market Cap: SEK 16.1b

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

NWPX Infrastructure

Market Cap: US$498.3m

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

Alimak Group

Market Cap: SEK 17.7b

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

STIF Société anonyme

Market Cap: €381.6m

Manufactures and sells components for the handling of bulk products in France.

Hwaway Technology

Market Cap: CN¥7.1b

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

Hazama Ando

Market Cap: JP¥272.8b

Engages in the construction and construction-related business in Japan and internationally.

KanamotoLtd

Market Cap: JP¥121.2b

Engages in the construction equipment rental business in Japan and internationally.

Beijer Alma

Market Cap: SEK 15.8b

Engages in component manufacturing and industrial trading businesses in Sweden, rest of Nordic Region, rest of Europe, North America, Asia, and internationally.

Emeco Holdings

Market Cap: AU$545.4m

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

Huitongda Network

Market Cap: HK$7.5b

An industrial internet company, provides digital technologies and supply chain capabilities in China.

Kanadevia

Market Cap: JP¥177.6b

Engages in the design, manufacture, installation, sale, repair and maintenance of environmental equipment, plants, machinery, and infrastructure facilities in Japan, Europe, Asia, North America, Middle East, and internationally.

TOCALOLtd

Market Cap: JP¥131.5b

Develops surface modifying technologies in Japan and internationally.

Pan-United

Market Cap: S$872.5m

An investment holding company, engages in the concrete and logistics businesses in Singapore and internationally.

PFISTERER Holding

Market Cap: €1.1b

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

GRK Infra Oyj

Market Cap: €532.6m

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

KITZ

Market Cap: JP¥147.6b

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

VITZROCELLLtd

Market Cap: ₩642.6b

Engages in the production and sale of lithium batteries in South Korea.

Burkhalter Holding

Market Cap: CHF 1.4b

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