Global Capital Goods Undiscovered Gems With Strong Fundamentals

Nantong Haixing Electronics

Market Cap: CN¥3.5b

Engages in the research, development, production, and sale of electrode foils for aluminum electrolytic capacitors in the People’s Republic of China.

WakitaLTD

Market Cap: JP¥83.9b

Operates construction equipment, trading, and real estate businesses in Japan.

Samyung Trading

Market Cap: ₩297.0b

Primarily supplies organic and inorganic chemical products worldwide.

Chongqing VDL Electronics

Market Cap: CN¥4.0b

Engages research and development, design, production, and sale of consumer rechargeable lithium-ion battery products in China.

Weichai Heavy Machinery

Market Cap: CN¥11.9b

Develops, manufactures, and sells diesel engines, generating units, and power integration systems for ship power and power generation equipment in China.

Motic (Xiamen) Electric GroupLtd

Market Cap: CN¥8.1b

Researches, develops, produces, and sells insulation products and other related components for the power transmission and transformation industry in China.

Hashimoto Sogyo HoldingsLtd

Market Cap: JP¥25.1b

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

Agostini's

Market Cap: TT$4.6b

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

Phoenix Asia Holdings

Market Cap: US$185.3m

Engages in the substructure works in Hong Kong.

Superkrane Mitra Utama

Market Cap: Rp3.1t

Provides general trading and heavy equipment rental services in Indonesia.

Goodwin

Market Cap: UK£582.7m

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

Azkoyen

Market Cap: €220.9m

Designs, manufactures, and markets technology solutions in Spain and internationally.

Ever Glory United Holdings

Market Cap: S$161.2m

An investment holding company, provides mechanical and electrical engineering services for public and private sectors in Singapore.

NIPPON ROAD

Market Cap: JP¥110.5b

Offers general construction, construction design, supervision, and management services in Japan and internationally.

Adris grupa d. d

Market Cap: €1.4b

Engages in the tourism, healthy food, insurance, and real estate businesses in Croatia and internationally.

MARUKA FURUSATO

Market Cap: JP¥54.6b

Engages in the machinery and tools, construction machinery and materials, and IoT businesses in Japan.

Zhejiang Weigang Technology

Market Cap: CN¥3.0b

Provides label printing machines and converting machines in China.

Wieson Technologies

Market Cap: NT$3.6b

Manufactures and sells interconnect components and wireless components.

Dong-Ah Geological Engineering

Market Cap: ₩219.2b

Dong-Ah Geological Engineering Company Ltd.

Cheng Fwa Industrial

Market Cap: NT$3.6b

Manufactures and supplies precision stamping metal parts for computer, telecommunication, networking, and electronic industries in Taiwan.

Zhuzhou Tianqiao Crane

Market Cap: CN¥5.2b

Manufactures and sells material handling equipment for electrolytic aluminum, steel, construction machinery, and non-ferrous industries in China and internationally.

Guangzhou Tech-Long Packaging MachineryLtd

Market Cap: CN¥2.5b

Guangzhou Tech-Long Packaging Machinery Co.,Ltd.

Dynamic Cables

Market Cap: ₹24.2b

Manufactures and supplies cables and conductors in India and internationally.

Beijing Jingneng Thermal

Market Cap: CN¥3.0b

Engages in the heating business in China.

Ten Pao Group Holdings

Market Cap: HK$1.7b

An investment holding company, engages in the development, manufacture, and sale of electric charging products in the People’s Republic of China, Europe, the rest of Asia, the United States, Africa, and internationally.

Jiangxi Xinyu Guoke Technology

Market Cap: CN¥9.8b

Manufactures and sells military products.

Hisaka Works

Market Cap: JP¥36.0b

Engages in the manufacture and sale of industrial machinery worldwide.

Shanthi Gears

Market Cap: ₹38.3b

Engages in the design, manufacture, supply, and service of gears and gear boxes in India, the United States, Europe, and internationally.

Chugai Ro

Market Cap: JP¥23.6b

Engages in the development of technologies in the thermal technology field in Japan and internationally.

Hsino Tower Group

Market Cap: CN¥11.4b

Engages research, development, production, and sale of transmission line towers and voltage level structures.

Nanjing Baose

Market Cap: CN¥5.1b

Engages in the research and development, design, manufacture, and installation of special material pressure vessels and pipe fittings of titanium, zirconium, nickel, tantalum, copper, and stainless steel primarily in China.

Zhongtong Bus HoldingLTD

Market Cap: CN¥6.6b

Engages in the manufacture and sale of buses in China.

Dah San Electric Wire & Cable

Market Cap: NT$9.5b

Engages in the production and sale of power cables, communication cables, electronic wires, and bare copper wires.

Bharat Bijlee

Market Cap: ₹34.0b

Operates as an electrical engineering company in India and internationally.

Spectrum Electrical Industries

Market Cap: ₹23.5b

Designs, manufactures, and sells electrical, automobile, and irrigation components in India.

Wuhan Zhongyuan Huadian Science & TechnologyLtd

Market Cap: CN¥3.8b

Wuhan Zhongyuan Huadian Science & Technology Co.,Ltd.