Global Capital Goods Undiscovered Gems With Strong Fundamentals

Zhongzhong Science & Technology (Tianjin)

Market Cap: CN¥6.3b

Zhongzhong Science & Technology (Tianjin) Co., Ltd.

Chongqing Wangbian Electric (Group)

Market Cap: CN¥5.6b

Chongqing Wangbian Electric (Group) Corp., Ltd.

Wave Power Technology

Market Cap: NT$8.2b

Engages in the research and development, manufacture, and sale of advanced high frequency, high power, high voltage, and high vacuum products.

InabataLtd

Market Cap: JP¥190.0b

Engages in information and electronics, chemicals, life industry, and plastics businesses in Japan and internationally.

Marsons

Market Cap: ₹28.4b

Engages in manufacturing, supplying, erecting, testing, and commissioning of power and distribution transformers in India.

Shinnihon

Market Cap: JP¥106.4b

Operates as a construction company in Japan.

CFF Fluid Control

Market Cap: ₹13.3b

Manufactures, overhauls, repairs, and maintains shipboard machinery, combat systems, reference, and test facilities for submarines and surface ships for Indian navy.

China National Electric Apparatus Research Institute

Market Cap: CN¥12.2b

China National Electric Apparatus Research Institute Co., Ltd.

Zhangjiagang Furui Special Equipment

Market Cap: CN¥5.0b

Zhangjiagang Furui Special Equipment Co., Ltd.

Beijing Hcrt Electrical Equipments

Market Cap: CN¥6.1b

Beijing Hcrt Electrical Equipments Co., Ltd.

Wuhan Xianglong Power IndustryLtd

Market Cap: CN¥5.2b

Engages in the water supply and construction businesses in China.

Oriana Power

Market Cap: ₹58.1b

Provides renewable energy solutions in India.

Da-Cin ConstructionLtd

Market Cap: NT$16.3b

Engages in the civil engineering and building construction in Taiwan, Singapore, Malaysia, and Vietnam.

Tokyo Energy & Systems

Market Cap: JP¥58.3b

Engages in the planning, study, design, construction, and supervision of electric and mechanical facilities in Japan.

Jiangyin Electrical AlloyLtd

Market Cap: CN¥7.0b

Engages in the research and development, production, and sale of copper and copper alloy products in China and internationally.

GS Global

Market Cap: ₩199.6b

Engages in the import, export, and triangular trade of steel, coal/biomass, petrochemicals, industrial products in South Korea and internationally.

MSTC

Market Cap: ₹37.0b

Engages in marketing, e-commerce, and scrap recovery and allied job businesses primarily in India.

AXISCADES Technologies

Market Cap: ₹66.2b

Operates as an engineering solutions company in Europe, the United States, the Asia Pacific, and Canada.

ESG Emirates Stallions Group PJSC

Market Cap: د.إ3.5b

Engages in the investment, construction, and real estate sectors in the Middle East, Africa, Asia, Europe, and the Americas.

Yash Highvoltage

Market Cap: ₹14.1b

Manufactures and sells high voltage and high current transformer bushings in India and internationally.

CNNC International

Market Cap: HK$2.6b

An investment holding company, engages in the exploration, sale, and trading of uranium in People’s Republic of China, Hong Kong, Japan, the United States, The United Kingdom, Netherlands, and Canada.

VSO Electronics

Market Cap: NT$4.9b

Engages in the wire harness and cable assembly business in Taiwan.

Development Investment Construction

Market Cap: ₫13.2t

Engages in the real estate, construction, and service businesses in Vietnam.

Penguin International

Market Cap: S$286.2m

An investment holding company, designs, builds, owns, and operates high-speed aluminum crafts in Singapore, East Asia, Africa, Europe, the Middle East, rest of Southeast Asia, and internationally.

Sansei Technologies

Market Cap: JP¥42.4b

Plans, designs, manufactures, installs, repairs, and maintains amusement rides, stage equipment, elevators, and other designed equipment in Japan, North America, the United States, Europe, and Asia.

Miyaji Engineering GroupInc

Market Cap: JP¥52.0b

Through its subsidiaries, engages in the construction and civil engineering activities in Japan.

Ace Pillar

Market Cap: NT$8.9b

Engages in the testing, processing, selling, repairment, electromechanical integration of automation control and mechanical transmission system; and intelligent technology service.

Dufu Technology Berhad

Market Cap: RM 974.6m

An investment holding company, engages in the manufacture and sale of industrial products.

TAAL Tech

Market Cap: ₹9.5b

Provides engineering design services in India and internationally.

R M Drip and Sprinklers Systems

Market Cap: ₹19.7b

Designs, manufactures, and sells micro irrigation equipment and components in India.

Shimojima

Market Cap: JP¥30.6b

Engages in the wholesale and retail of paper products, plastic products and packaging materials, and in-store materials primarily in Japan.

Shareate Tools

Market Cap: CN¥6.8b

Manufactures and sells cemented carbide products and drilling tools in China and internationally.

Asahi Kogyosha

Market Cap: JP¥76.6b

Primarily engages in the air-conditioning and sanitation installation works in Japan.

Katakura IndustriesLtd

Market Cap: JP¥87.2b

Engages in the textiles, pharmaceuticals, machinery, real estate, and other businesses in Japan.

Group Up Industrial

Market Cap: NT$15.0b

Manufactures and trades in general boxed-shaped equipment in Taiwan, China, and internationally.

Dalekovod d.d

Market Cap: €354.7m

Engages in the design, engineering, production, construction, and installation of electric power facilities, facilities for road, railroad and mass transit, and telecommunication infrastructure in Croatia, Sweden, Norway, Slovenia, Germany, Ukraine, the United Kingdom, Northern Macedonia, Bosnia and Herzegovina, and internationally.