Global Capital Goods Undiscovered Gems With Strong Fundamentals

Seibu Electric & Machinery

Market Cap: JP¥34.7b

Manufactures and sells mechatronics in Japan.

Zhongzhong Science & Technology (Tianjin)

Market Cap: CN¥6.3b

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

DN HoldingsLtd

Market Cap: JP¥17.1b

Engages in the construction consulting and geological survey businesses in Japan.

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.

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.

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.

China National Electric Apparatus Research Institute

Market Cap: CN¥12.2b

China National Electric Apparatus Research Institute Co., Ltd.

Development Investment Construction

Market Cap: ₫13.2t

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

Wakachiku Construction

Market Cap: JP¥57.1b

Engages in construction and real estate businesses.

Agostini's

Market Cap: TT$4.2b

Engages in trading and distribution, and manufacturing/packaging of certain food products in the Republic of Trinidad and Tobago, Barbados, and internationally.

Desiccant Technology

Market Cap: NT$5.6b

Manufactures and sells industrial dehumidification, drying, and pollution control equipment in Taiwan and China.

China Railway High-speed Electrification Equipment

Market Cap: CN¥3.6b

China Railway High-Speed Electrification Equipment Corporation Limited engages in the design, research and development, manufacturing, and sales of electrified railway contact network products, urban rail transit power supply equipment, and off-track products.

Sathlokhar Synergys E&C Global

Market Cap: ₹13.4b

Operates as an integrated engineering, procurement, and construction turnkey contractor in India.

Aichi Electric

Market Cap: JP¥57.1b

Engages in the manufacture and sale of electric power products in Japan and internationally.

Abu Dhabi Ship Building PJSC

Market Cap: د.إ1.5b

Engages in the construction, maintenance, repair, and overhaul of commercial and military ships and vessels in the United Arab Emirates.

Hansun Engineering

Market Cap: ₩158.9b

Manufactures and sells tube fittings and valves in South Korea and internationally.

Ajiya Berhad

Market Cap: RM 609.4m

An investment holding company, manufactures and trades in roofing materials and various glasses in Malaysia and Thailand.

Kanaden

Market Cap: JP¥46.1b

Operates as an electronics solutions company in Japan and internationally.

Hashimoto Sogyo HoldingsLtd

Market Cap: JP¥23.7b

Engages in the processing, manufacture, and sale of plumbing and housing equipment in Japan.

Ablerex Electronics

Market Cap: NT$3.7b

Manufactures and sells uninterruptible power supplies (UPS) and power quality devices for use in industrial and informatics applications in Taiwan and internationally.

Sarana Mitra Luas

Market Cap: Rp4.2t

Engages in the forklift rental business in Indonesia.

Diffusion Engineers

Market Cap: ₹13.8b

Manufactures and sells welding consumables, wear plates and parts, and heavy engineering equipment for various industries in India and internationally.

Nam Lee Pressed Metal Industries

Market Cap: S$133.1m

Engages in the design, fabrication, supply, and installation of steel and aluminum products in Singapore and Malaysia.

Motic (Xiamen) Electric GroupLtd

Market Cap: CN¥9.3b

Engages in the research, development, production, and sale of insulation products and other related components for the power transmission and transformation industry in China.

Kemflo International

Market Cap: NT$15.4b

Manufactures and sells water purification and filtration products in Taiwan and internationally.

Kawasaki Setsubi Kogyo

Market Cap: JP¥28.9b

Engages in the construction business in Japan.

Tederic Machinery

Market Cap: CN¥3.1b

Manufactures and sells injection molding solutions in China and internationally.

Samyung Trading

Market Cap: ₩275.2b

Primarily supplies organic and inorganic chemical products worldwide.

Semba

Market Cap: JP¥19.1b

Plans, designs, constructs, and supervises commercial spaces in Japan, Taiwan, and internationally.

Jiangsu Tongda Power TechnologyLtd

Market Cap: CN¥3.0b

Manufactures and sells motor stator and rotor punchings primarily in China.

Tomoe

Market Cap: JP¥74.9b

Operates in the general construction, steel structures construction, and real estate businesses in Japan.

V-MARC India

Market Cap: ₹18.6b

Manufactures and markets electrical wires and cables under the V-Marc brand name in India.

Atlanta Electricals

Market Cap: ₹74.3b

Manufactures and sells transformers to institutional and corporate customers in India.

Kimura Chemical Plants

Market Cap: JP¥22.5b

Operates as an engineering company.

OKP Holdings

Market Cap: S$313.1m

Together with its subsidiary, operates as a transport infrastructure and civil engineering company in Singapore and Australia.

NICHIDEN

Market Cap: JP¥71.2b

Operates as a trading company in Japan.