Global Capital Goods Undervalued Dividend Payers

Illinois Tool Works

Market Cap: US$75.8b

Provides industrial products and equipment in North America, Europe, the Middle East, Africa, the Asia Pacific, and South America.

PACCAR

Market Cap: US$64.6b

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: €31.7b

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

CRRC

Market Cap: CN¥175.7b

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$19.0b

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

Obayashi

Market Cap: JP¥2.5t

Engages in the construction business in Japan, North America, Asia and internationally.

Eiffage

Market Cap: €12.1b

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

Skanska

Market Cap: SEK 113.5b

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

AB SKF

Market Cap: SEK 108.0b

Designs, manufactures, and sells bearings and units, seals, lubrication systems, condition monitoring, and services worldwide.

Yangzijiang Shipbuilding (Holdings)

Market Cap: S$13.1b

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$12.8b

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.

Trelleborg

Market Cap: SEK 82.8b

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

Bunzl

Market Cap: UK£6.6b

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

Brenntag

Market Cap: €7.3b

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

AGC

Market Cap: JP¥1.3t

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

China National Chemical Engineering

Market Cap: CN¥51.8b

China National Chemical Engineering Co., Ltd.

Sulzer

Market Cap: CHF 5.7b

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

Beijing New Building Materials

Market Cap: CN¥47.6b

Manufactures and sells building materials in China and internationally.

Valmet Oyj

Market Cap: €5.3b

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.

China State Construction International Holdings

Market Cap: HK$48.7b

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

TECO Electric & Machinery

Market Cap: NT$191.3b

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

SFS Group

Market Cap: CHF 4.4b

Supplies precision components and assemblies, mechanical fastening systems, tools, and procurement solutions in Switzerland and internationally.

DEME Group

Market Cap: €4.5b

Provides marine solutions in the fields of offshore energy, dredging, marine infrastructure, and environmental works in Belgium, Europe, Africa, the United States, Asia, Oceania, and the Middle East.

Haitian International Holdings

Market Cap: HK$38.3b

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.

Sanwa Holdings

Market Cap: JP¥756.5b

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 3.7b

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

Worley

Market Cap: AU$6.8b

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¥32.4b

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

Hoshizaki

Market Cap: JP¥725.4b

Researches, develops, manufactures, and sells commercial kitchen appliances and equipment worldwide.

Webuild

Market Cap: €3.5b

Engages in the construction businesses worldwide.

Sinoma International EngineeringLtd

Market Cap: CN¥28.4b

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

China Communications Services

Market Cap: HK$31.1b

Together with its subsidiaries provides telecommunications support services worldwide.

Takasago Thermal Engineering

Market Cap: JP¥614.7b

Designs, constructs, manufactures, sells, and installs heating, ventilation, and air conditioning (HVAC) systems in Japan and internationally.

Xiamen C&D

Market Cap: CN¥27.1b

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

Sime Darby Berhad

Market Cap: RM 14.7b

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