Global Capital Goods Undervalued Dividend Payers

PACCAR

Market Cap: US$66.7b

Designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Canada, Europe, Mexico, South America, Australia, and internationally.

Daimler Truck Holding

Market Cap: €33.0b

Manufactures and sells light, medium- and heavy-duty trucks and buses in Europe, North America, Asia, Latin America, and internationally.

CRRC

Market Cap: CN¥175.8b

CRRC Corporation Limited, with its subsidiaries, engages in the research and development, design, manufacture, refurbishment, sale, leasing, and technical servicing of railway locomotives in Mainland China and internationally.

Snap-on

Market Cap: US$20.0b

Manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide.

HD Korea Shipbuilding & Offshore Engineering

Market Cap: ₩28.1t

HD Korea Shipbuilding & Offshore Engineering Co., Ltd.

Eiffage

Market Cap: €13.0b

Engages in the construction and concessions industries in France, rest of Europe, and internationally.

Skanska

Market Cap: SEK 109.9b

Operates as a construction and project development company in the Nordics, Europe, and the United States.

Yangzijiang Shipbuilding (Holdings)

Market Cap: S$13.5b

An investment holding company, engages in the shipbuilding activities in the Greater China, Canada, Japan, Italy, Greece, Germany, Bulgaria, United Kingdom, Singapore, and internationally.

Jardine Cycle & Carriage

Market Cap: S$13.4b

An investment holding company, engages in providing the financial services, heavy equipment, mining, construction and energy, agribusiness, infrastructure and logistics, information technology, and property businesses in Indonesia, Singapore, and Malaysia.

Brenntag

Market Cap: €8.4b

Engages in the distribution of chemicals and ingredients in Germany, the United States, the United Kingdom, China, Canada, Italy, Poland, France, and internationally.

Trelleborg

Market Cap: SEK 88.6b

Provides engineered polymer solutions for seal, damp, and protect critical applications worldwide.

Bunzl

Market Cap: UK£6.9b

Operates as a distribution and services company in the North America, Continental Europe, the United Kingdom, Ireland, and internationally.

AGC

Market Cap: JP¥1.3t

Manufactures and sells architectural glass, electronics, chemicals, automotive, and ceramics worldwide.

Konecranes

Market Cap: €7.3b

Manufactures, sells, and services material handling products in Europe, the Middle East, Africa, the Americas, the Asia-Pacific, and internationally.

Andritz

Market Cap: €7.1b

Engages in the provision of industrial machinery, equipment, and services in Europe, North America, South America, China, Asia, Africa, Australia, and internationally.

Sulzer

Market Cap: CHF 5.9b

Develops and sells products and services for fluid engineering and chemical processing applications worldwide.

China National Chemical Engineering

Market Cap: CN¥50.7b

China National Chemical Engineering Co., Ltd.

Beijing New Building Materials

Market Cap: CN¥46.0b

Manufactures and sells building materials in China and internationally.

China State Construction International Holdings

Market Cap: HK$49.9b

An investment holding company, engages in the construction business for private and public sectors in Hong Kong, Mainland China, Macau, and internationally.

Valmet Oyj

Market Cap: €5.2b

Develops and supplies process technologies, automation, and services for the pulp, paper, and energy industries in North America, South America, China, Europe, the Middle East, Africa, and the Asia Pacific.

TECO Electric & Machinery

Market Cap: NT$186.9b

Manufactures, installs, wholesales, and retails electronic and telecommunications equipment, office equipment, and home appliances in Taiwan, the United States, China, and internationally.

Sanwa Holdings

Market Cap: JP¥824.6b

Through its subsidiaries, manufactures and sells construction materials for commercial and residential buildings in Japan, North America, Europe, and Asia.

DKSH Holding

Market Cap: CHF 3.9b

Provides various market expansion services in Thailand, Greater China, Malaysia, Singapore, rest of the Asia Pacific, and internationally.

Haitian International Holdings

Market Cap: HK$39.2b

An investment holding company, engages in the manufacture, distribution, and sale of plastic injection molding machines and related products in Mainland China, Hong Kong, and internationally.

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥33.9b

Manufactures and sells power distribution in China and internationally.

Worley

Market Cap: AU$6.6b

Provides professional services to the energy, chemicals, and resources sectors in the Americas, Europe, the Middle East, Africa, Australia, the Asia Pacific, and China.

Sany Renewable EnergyLtd

Market Cap: CN¥31.3b

Engages in the research and development, manufacture, and sale of wind turbines and generators in China.

Doosan Bobcat

Market Cap: ₩6.2t

Designs, manufactures, markets, and distributes compact construction equipment in North America, Europe, the Middle East, Africa, Asia, Latin America, and the Oceania.

Webuild

Market Cap: €3.4b

Engages in the construction businesses worldwide.

Sime Darby Berhad

Market Cap: RM 15.9b

Provides automotive and industrial equipment in Malaysia, China, Australasia, and the Asia Pacific.

Sinoma International EngineeringLtd

Market Cap: CN¥27.8b

Engages in the engineering, equipment manufacture and supply, and other businesses in China and internationally.

China Communications Services

Market Cap: HK$31.0b

Together with its subsidiaries provides telecommunications support services worldwide.

Xiamen C&D

Market Cap: CN¥26.9b

Engages in the supply chain and real estate development businesses in China and internationally.

Hiab Oyj

Market Cap: €3.1b

Provides smart and on road load-handling solutions and services in Finland.

Ventia Services Group

Market Cap: AU$4.3b

Provides infrastructure services in Australia and New Zealand.

Kennametal

Market Cap: US$3.0b

Engages in development and application of tungsten carbides, ceramics, and hard materials and solutions worldwide.