Global Capital Goods Undiscovered Gems With Strong Fundamentals

Changshu Tianyin ElectromechanicalLtd

Market Cap: CN¥7.2b

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

Toa Road

Market Cap: JP¥69.2b

Engages in civil engineering business in Japan.

Ningbo DonlyLtd

Market Cap: CN¥4.7b

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.

Baotou INST Magnetic New Materials

Market Cap: CN¥9.6b

Baotou INST Magnetic New Materials Co., Ltd.

Dongyang E&P

Market Cap: ₩180.7b

Engages in the manufacture and sale of power supply and electronic devices in South Korea.

Shenzhen Liande Automation Equipmentltd

Market Cap: CN¥5.6b

Shenzhen Liande Automation Equipment co.,ltd.

Suzhou Hailu Heavy IndustryLtd

Market Cap: CN¥7.3b

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

Quaser Machine Tools

Market Cap: NT$3.4b

Engages in the manufacture and sale of computer numerical control (CNC) machine centers, metal-working machines, and related machines in Europe, Asia, the Americas, Africa, and internationally.

Yondenko

Market Cap: JP¥61.2b

Engages in the electrical, and electrical power transmission and distribution facilities construction activities in Japan.

TOBISHIMA HOLDINGS

Market Cap: JP¥34.6b

Engages in the construction business in Japan and internationally.

QST International

Market Cap: NT$10.4b

Manufactures and sells automotive fasteners and metal parts worldwide.

CITIC Resources Holdings

Market Cap: HK$3.0b

An investment holding company, engages in the exploration, development, and production of oil and coal, investments in bauxite mining, alumina refinery, aluminium smelting, and oil and gas trading.

Kodensha

Market Cap: JP¥20.4b

Engages in the construction business in Japan.

G-SHANK Enterprise

Market Cap: NT$14.7b

An investment holding company, engages in the production and sales of molds, stamping parts, fixtures and tools, automatic machines and electrical appliances, and mechanical components in Taiwan and internationally.

Teemsun TechnologyLtd

Market Cap: CN¥8.6b

A weapons and equipment company, engages in the research and development, production, sale, and service of infrared thermal imaging and other optoelectronics equipment.

Sathlokhar Synergys E&C Global

Market Cap: ₹9.3b

Operates as an integrated engineering, procurement, construction, and infra turnkey contracting company in India.

Yuan Jen EnterprisesLtd

Market Cap: NT$5.3b

Operates as a petrochemical trading company.

PIX Transmissions

Market Cap: ₹21.2b

Manufactures and sells belts and related mechanical power transmissions products in India and internationally.

Lloyds Engineering Works

Market Cap: ₹115.4b

Provides engineering products and services in India.

Goodwin

Market Cap: UK£566.2m

Provides mechanical and refractory engineering solutions primarily in the United Kingdom, rest of Europe, the United States, the Pacific Basin, and internationally.

Shandong Tengda Fasten Tech

Market Cap: CN¥4.1b

Engages in the research and development, production, and sale of stainless-steel fasteners in China.

Vascon Engineers

Market Cap: ₹11.6b

Provides engineering, procurement, and construction (EPC) services in India.

Tenryu Saw Mfg

Market Cap: JP¥17.4b

Manufactures and sells saw blades in Japan and internationally.

Guangdong Yangshan United Precision Manufacturing

Market Cap: CN¥3.0b

Guangdong Yangshan United Precision Manufacturing Co., Ltd.

Longwell

Market Cap: NT$15.0b

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

Kanaden

Market Cap: JP¥44.1b

Operates as an electronics solutions company in Japan and internationally.

Elegant Home-Tech

Market Cap: CN¥2.8b

Engages in the research and development, production, and sales of polyvinyl chloride (PVC) elastic floorings in China and internationally.

Diffusion Engineers

Market Cap: ₹11.4b

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

Reach Machinery

Market Cap: CN¥6.3b

Engages in the research, development, production, and sale of components for automation equipment, power transmission, and braking systems in China and internationally.

Guodian Nanjing Automation

Market Cap: CN¥8.4b

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

Aichi Electric

Market Cap: JP¥46.2b

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

WK Group (Holdings)

Market Cap: HK$1.1b

An investment holding company, engages in the provision of structural steelwork services in Hong Kong.

Naim Holdings Berhad

Market Cap: RM 433.1m

An investment holding company, engages in the property development and construction businesses in Malaysia and Fiji.

Daisue Construction

Market Cap: JP¥23.2b

Operates as a construction company in Japan.

Hyundai Everdigm

Market Cap: ₩140.8b

Produces and sells construction and mining equipment, and rescue products in South Korea and internationally.

Kuen Ling Machinery Refrigerating

Market Cap: NT$3.4b

Kuen Ling Machinery Refrigerating Co., Ltd.