Global Capital Goods Undervalued Dividend Payers

Contemporary Amperex Technology

Market Cap: CN¥1.8t

Engages in the research, development, production, and sale of electric vehicle and energy storage system batteries in China and internationally.

AB Volvo

Market Cap: SEK 691.3b

Manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, North America, South America, Asia, Africa, and Oceania.

PACCAR

Market Cap: US$65.6b

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

Sumitomo

Market Cap: JP¥7.6t

Engages in the general trading business.

Sany Heavy IndustryLtd

Market Cap: CN¥176.5b

Engages in the research and development, manufacture, and sale of construction machinery in Chinese mainland and internationally.

CRRC

Market Cap: CN¥148.4b

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

Snap-on

Market Cap: US$21.4b

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

Bouygues

Market Cap: €18.1b

Operates in the construction, energies and services, telecom, and media sectors in France and internationally.

Ningbo Deye Technology Group

Market Cap: CN¥122.8b

Researches, designs, develops, produces, sells and services solar inverter systems, frequency conversion control systems, environmental electrical appliances, and heat exchangers in China.

Kajima

Market Cap: JP¥2.8t

Engages in civil engineering, building construction, real estate development, architectural and civil engineering design, engineering and other businesses.

HD Korea Shipbuilding & Offshore Engineering

Market Cap: ₩25.5t

HD Korea Shipbuilding & Offshore Engineering Co., Ltd.

XCMG Construction Machinery

Market Cap: CN¥102.7b

Engages in the manufacturing and sale of construction machinery in China.

Obayashi

Market Cap: JP¥2.3t

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

Eiffage

Market Cap: €11.8b

Engages in the construction and concessions businesses in France, Germany, Europe, and internationally.

Skanska

Market Cap: SEK 107.7b

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

Makita

Market Cap: JP¥1.5t

Engages in the production and sales of electric power tools, pneumatic tools, and gardening and household equipment in Japan, Europe, North America, Asia, Central and South America, Oceania, The Middle East, and Africa.

Zhuzhou CRRC Times Electric

Market Cap: HK$73.5b

Engages in the provision of propulsion and control systems in Mainland China and internationally.

AGC

Market Cap: JP¥1.4t

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

A. O. Smith

Market Cap: US$8.6b

Manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India.

Jardine Cycle & Carriage

Market Cap: S$10.9b

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

Andritz

Market Cap: €7.2b

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

Konecranes

Market Cap: €6.3b

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

China National Chemical Engineering

Market Cap: CN¥45.6b

China National Chemical Engineering Co., Ltd.

Nexans

Market Cap: €5.9b

Manufactures and sells cables in France, Canada, Norway, Italy, and internationally.

Howden Joinery Group

Market Cap: UK£4.4b

Supplies various kitchen, joinery, and hardware products in the United Kingdom, France, Belgium, and the Republic of Ireland.

Sulzer

Market Cap: CHF 4.7b

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

Neway Valve (Suzhou)

Market Cap: CN¥38.3b

Researches, develops, produces, and sells industrial valves in the People’s Republic of China and internationally.

China International Marine Containers (Group)

Market Cap: CN¥37.0b

Manufactures and sells logistics and energy equipment in China, America, Europe, Asia, and internationally.

DKSH Holding

Market Cap: CHF 4.2b

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

Sweco

Market Cap: SEK 48.5b

Provides architecture and engineering consultancy services worldwide.

DEME Group

Market Cap: €4.4b

Provides marine solutions in Belgium, Europe, Africa, the United States, Asia, and the Middle East.

Valmet Oyj

Market Cap: €3.9b

Develops and supplies process technologies, automation, and services for the pulp, paper, and energy industries in North America, Latin America, EMEA, China, and Asia-Pacific.

Beijing New Building Materials

Market Cap: CN¥30.1b

Manufactures and sells building materials 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 Oceania.

Haitian International Holdings

Market Cap: HK$32.0b

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.

Krones

Market Cap: €3.5b

Plans, develops, manufactures, and sells machines and lines for the fields of process, filling, and packaging technology in Germany, the rest of Europe, the Middle East, the Asia Pacific, China, the Americas, and internationally.