Global Capital Goods Undiscovered Gems With Strong Fundamentals

Endúr

Market Cap: NOK 4.3b

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

Huitongda Network

Market Cap: HK$6.3b

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

TOCALOLtd

Market Cap: JP¥121.6b

Develops surface modifying technologies in Japan and internationally.

Foshan Electrical and LightingLtd

Market Cap: CN¥8.7b

Engages in the research and development, production, and sale of general lighting and electrical products, automotive lighting, LED packaging products, and others in the People’s Republic of China and internationally.

KITZ

Market Cap: JP¥153.9b

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

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.

Pan-United

Market Cap: S$775.5m

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

Burkhalter Holding

Market Cap: CHF 1.5b

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

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.