Global Capital Goods Undiscovered Gems With Strong Fundamentals

Suzhou Future Electrical

Market Cap: CN¥3.7b

Engages in the research, development, production, and sale of low-voltage circuit breaker accessories in China.

Guangdong Provincial Academy of Building Research Group

Market Cap: CN¥11.6b

Guangdong Provincial Academy of Building Research Group Co., Ltd.

TOBISHIMA HOLDINGS

Market Cap: JP¥41.3b

Engages in the construction business in Japan and internationally.

Waaree Renewable Technologies

Market Cap: ₹121.2b

Engages in the generation of power through renewable energy sources in India.

Sanyo Engineering & Construction

Market Cap: JP¥21.7b

Engages in the electric facility construction business in Japan and internationally.

Hua Eng Wire & Cable

Market Cap: NT$15.6b

Engages in wire and cable business in Taiwan.

WakitaLTD

Market Cap: JP¥90.6b

Engages in the construction equipment, trading, and real estate businesses in Japan.

Naikai Zosen

Market Cap: JP¥26.9b

Engages in shipbuilding business in Japan, Panama, Singapore, and internationally.

Specialities Group Holding Company K.P.S.C

Market Cap: د.ك34.5m

Manufactures and imports building materials, chemicals, and insulation systems.

Azkoyen

Market Cap: €206.8m

Engages in the manufacturing, marketing, distribution, leasing, purchase, and sale of vending machines and dispensers in Spain and internationally.

Hap Seng Consolidated Berhad

Market Cap: RM 7.5b

An investment holding company, engages in the plantation, property investment and development, credit financing, automotive, trading, and building materials businesses in Malaysia and internationally.

Topco Technologies

Market Cap: NT$4.6b

Engages in the distribution and sale of silicone products in Taiwan and internationally.

Longwell

Market Cap: NT$29.7b

Manufactures and sells power cords, cable assemblies, and charger plugs in Taiwan, China, the United States, Japan, and internationally.

FM Mattsson

Market Cap: SEK 2.4b

Develops, manufactures, and sells water taps and related products for bathrooms and kitchens in Sweden, Norway, Denmark, Finland, Benelux, the United Kingdom, Germany, Italy, and internationally.

MT Højgaard Holding

Market Cap: DKK 3.6b

Engages in the provision of construction, civil engineering, and infrastructure services for private and public customers in Denmark and internationally.

A B Infrabuild

Market Cap: ₹12.8b

Engages in the civil construction business in India.

Hong-Wei Electrical Industry

Market Cap: NT$6.9b

Engages in the design, manufacture, sale, maintenance, and service of various elevators in Taiwan and internationally.

Ningbo DonlyLtd

Market Cap: CN¥6.6b

Engages in the research and development, manufacture, sale, and technical consultation of transmission equipment, door control systems, and industrial automatic control systems in China and internationally.

ESAB India

Market Cap: ₹81.7b

Manufactures and sells welding and cutting equipment and consumables in India and internationally.

Kunshan TopA Intelligent EquipmentLtd

Market Cap: CN¥4.6b

Engages in the research, development, production, and sale of intelligent equipment and digital factory system in China and internationally.

Waste Recovery Technology

Market Cap: NT$5.1b

Engages in the recycled metal service, and waste liquid electrolysis recovery equipment in Taiwan.

Desiccant Technology

Market Cap: NT$5.6b

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

Guangdong Yangshan United Precision Manufacturing

Market Cap: CN¥3.5b

Guangdong Yangshan United Precision Manufacturing Co., Ltd.

Tederic Machinery

Market Cap: CN¥3.1b

Manufactures and sells injection molding solutions in China and internationally.

Gold Rain Enterprises

Market Cap: NT$3.7b

Engages in the research and development, manufacture, and sale of vending machines in Taiwan, China, Japan, the United States, and the Southeast Asian countries.

Garuda Construction and Engineering

Market Cap: ₹21.3b

Offers civil construction services in India.

Changshu Tianyin ElectromechanicalLtd

Market Cap: CN¥8.1b

Engages in the research and development, production, and sale of refrigerator compressor supporting parts in China.

Wuchan Zhongda GeronLtd

Market Cap: CN¥3.7b

Engages in the research and development, production, and sales of textile combing equipment and stainless steel decorative materials in China.

Guodian Nanjing Automation

Market Cap: CN¥12.1b

Engages in the manufacture and sale of industrial power automation equipment in China and internationally.

Zhejiang Yaguang TechnologyLtd

Market Cap: CN¥2.7b

Engages in the research and development, production, and sale of pharmaceutical machinery.

Suzhou Hailu Heavy IndustryLtd

Market Cap: CN¥10.9b

Designs, manufactures, and sells industrial waste heat boilers, large and special material pressure vessels, and nuclear safety equipment.

Atlantic China Welding Consumables

Market Cap: CN¥5.4b

Engages in the research and development, production, and sale of welding rods, welding wires, and fluxes in China and internationally.

Shanghai Karon Eco-Valve Manufacturing

Market Cap: CN¥3.5b

Shanghai Karon Eco-Valve Manufacturing Co., Ltd.

Wuxi JinYang New Materials

Market Cap: CN¥5.0b

Engages in the research and development, production, and sale of battery precision structural parts and materials in China and internationally.

Precise Corporation

Market Cap: ฿3.4b

Engages in the production and distribution of electricity business in Thailand and internationally.

Guangdong Shunna Electric

Market Cap: CN¥6.4b

Engages in the provision of power transmission and distribution equipment in China.