Global Capital Goods Strong Balance Sheet Stocks

Advait Energy Transitions

Market Cap: ₹19.3b

Provides products and solutions for power transmission, substation, and telecommunication infrastructure sectors in India and internationally.

Astino Berhad

Market Cap: RM 240.5m

An investment holding company, manufactures, processes, trades, and sells in metal building materials and other steel products under the Astino brand name.

Changshu Tianyin ElectromechanicalLtd

Market Cap: CN¥7.3b

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

AS Merko Ehitus

Market Cap: €493.8m

Through its subsidiaries, engages in the construction and real estate development activities in the Republic of Estonia, Latvia, Lithuania, and Norway.

Guangdong KinLong Hardware ProductsLtd

Market Cap: CN¥7.7b

Guangdong KinLong Hardware Products Co.,Ltd.

Jasa Kita Berhad

Market Cap: RM 170.8m

An investment holding company, engages in the manufacturing, assembling, and trading of power tools, electric induction motors, hand tools, and other industrial equipment in Malaysia.

Naim Holdings Berhad

Market Cap: RM 430.6m

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

Kabelindo Murni

Market Cap: Rp421.1b

Manufactures and trades in telecommunication and electrical cables in Indonesia.

Balmer Lawrie Investments

Market Cap: ₹17.3b

Engages in the industrial packaging, logistic and infrastructure, refinery and oil field, and travel and vacation businesses in India.

BSA

Market Cap: AU$10.2m

Provides communications and utilities infrastructure, and property solutions in Australia.

Zhuzhou CRRC Times Electric

Market Cap: HK$67.8b

Engages in the research and development, design, manufacture and sale of propulsion and control systems to rolling stock industry in Mainland China and internationally.

Aerospace Nanhu Electronic Information Technology

Market Cap: CN¥13.5b

Aerospace Nanhu Electronic Information Technology Co., Ltd.

Mitsubishi Electric

Market Cap: JP¥7.8t

Develops, manufactures, sells, and distributes electrical and electronic equipment in Japan, North America, rest of Asia, Europe, and internationally.

Jayant Infratech

Market Cap: ₹772.8m

Operates in the railway infrastructure development in India.

Rainbow RoboticsLtd

Market Cap: ₩6.1t

A professional technological mechatronics company, provides robotic system engineering technology.

Baotou INST Magnetic New Materials

Market Cap: CN¥9.2b

Baotou INST Magnetic New Materials Co., Ltd.

Kuen Ling Machinery Refrigerating

Market Cap: NT$2.9b

Kuen Ling Machinery Refrigerating Co., Ltd.

Clifford Modern Living Holdings

Market Cap: HK$660.2m

An investment holding company, provides services to residents in developed properties under the Clifford brand name in the People’s Republic of China.

Dagang Holding GroupLtd

Market Cap: CN¥2.2b

Engages in the research and development, manufacture, sale, and servicing of road construction and maintenance machineries and equipment in China.

NICHIDEN

Market Cap: JP¥84.1b

Operates as a trading company in Japan.

Syntec Construction

Market Cap: ฿3.1b

Provides construction and real estate development services in Thailand.

ESAB India

Market Cap: ₹76.9b

Manufactures and sells welding and cutting equipment and consumables in India and internationally.

BJC Heavy Industries

Market Cap: ฿1.4b

Manufactures and sells fabricated steel and equipment and provides modularization services in Thailand and internationally.

Guangdong Shunna Electric

Market Cap: CN¥4.6b

Engages in the provision of power transmission and distribution equipment in China.

Mazagon Dock Shipbuilders

Market Cap: ₹1.1t

Engages in the building and repairing of ships, submarines, vessels, and related engineering products in India and internationally.

Hunan Meihu Intelligent Manufacturing

Market Cap: CN¥15.0b

Hunan Meihu Intelligent Manufacturing Co., Ltd.

Weichai Heavy Machinery

Market Cap: CN¥15.4b

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

Wave Cyber (Shanghai)

Market Cap: CN¥2.6b

Designs, produces, and sells water treatment components.

Waste Recovery Technology

Market Cap: NT$4.8b

Engages in the recycled metal service, and waste liquid electrolysis recovery equipment in Taiwan.

Morimatsu International Holdings

Market Cap: HK$13.4b

Designs, manufactures, installs, operates, and maintains core equipment, process systems, and solutions primarily for chemical reactions, biological reactions, and polymerization.

Resources Global Development

Market Cap: S$95.0m

An investment holding company, engages in the coal trading and coal shipping businesses in Singapore, Indonesia, Philippines, and the People’s Republic of China.

Hemas Holdings

Market Cap: LK₨95.9b

Through its subsidiaries, operates in consumer, healthcare, and mobility sectors in Sri Lanka and rest of Asia.

Cenlub Industries

Market Cap: ₹1.5b

An engineering company, designs, engineers, manufactures, supplies, installs, and erects lubrication systems for various machines, plants, and equipment in India.

G Three Holdings

Market Cap: JP¥2.7b

Engages in constructing and operating of solar power plants in Japan.

Yurtec

Market Cap: JP¥193.6b

Operates as a facility engineering company in Japan and internationally.

Getabec

Market Cap: ฿672.0m

Engages in the manufacture and distribution of steam and hot water boilers in Thailand and internationally.