Global Capital Goods Strong Balance Sheet Stocks

Fujian South Highway Machinery

Market Cap: CN¥3.8b

Manufactures and sells equipment in the engineering mixing field in China.

Namura Shipbuilding

Market Cap: JP¥235.5b

Engages in the manufacture and sale of ships, machinery, and steel structures worldwide.

Voltronic Power Technology

Market Cap: NT$81.8b

Manufactures and sells uninterruptible power systems (UPS) in Taiwan and China.

Asia Pioneer Entertainment Holdings

Market Cap: HK$44.0m

An investment holding company, engages in the supply of electronic gaming equipment in Macau, Taiwan, the Philippines, Korea, the People’s Republic of China, Malaysia, Cambodia, Hong Kong, and internationally.

Lung Kee Group Holdings

Market Cap: HK$1.0b

An investment holding company, manufactures and markets mould bases and related products in the People’s Republic of China and internationally.

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.

Blue Star

Market Cap: ₹387.9b

Operates as a heating, ventilation, air conditioning, and commercial refrigeration (HVAC&R) company in India.

Naim Holdings Berhad

Market Cap: RM 430.6m

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

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.

Yuasa Trading

Market Cap: JP¥109.2b

Engages in lifestyle and industry support business in Japan.

Tianrun Industry Technology

Market Cap: CN¥7.4b

Manufactures and sells internal combustion engine crankshafts in China and internationally.

G2Power

Market Cap: ₩156.9b

Researches, develops, manufactures, and sells photovoltaic solar inverters, energy storage systems, and switchgear in South Korea.

Polycab India

Market Cap: ₹1.1t

Manufactures and sells wires and cables under the POLYCAB brand in India and internationally.

SNT Energy

Market Cap: ₩1.0t

Operates in the machinery industry.

Kabelindo Murni

Market Cap: Rp421.1b

Manufactures and trades in telecommunication and electrical cables in Indonesia.

Syntec Construction

Market Cap: ฿3.1b

Provides construction and real estate development services in Thailand.

Seiwa Electric Mfg

Market Cap: JP¥9.2b

Provides information display systems, industrial lighting equipment, road and tunnel lighting equipment, EMC products, LED module products for lighting, and wire protection devices in Japan.

Kuen Ling Machinery Refrigerating

Market Cap: NT$2.9b

Kuen Ling Machinery Refrigerating Co., Ltd.

NICHIDEN

Market Cap: JP¥84.1b

Operates as a trading company in Japan.

Aerospace Nanhu Electronic Information Technology

Market Cap: CN¥13.5b

Aerospace Nanhu Electronic Information Technology Co., Ltd.

Shanghai Ruking Technologies

Market Cap: CN¥10.0b

Engages in the research and development, manufacture, and sale of various products in the power electronics and motor control industries in China.

United Faith Auto-EngineeringLtd

Market Cap: CN¥5.4b

Engages in the design, development, production, assembly, and sale of industrial automation integration products, industrial intelligent production equipment, industrial automation intelligent assembly units, and accessories in China, Japan, Southeast Asian countries, North and South America, and internationally.

Samsung E&A

Market Cap: ₩5.3t

Provides a range of engineering services for plant and other construction in South Korea, the United States, Asia, the Middle East, and internationally.

Hua Eng Wire & Cable

Market Cap: NT$13.3b

Engages in the processing, manufacture, construction, and sale of wire, cable, and copper products in Taiwan.

Boltek Holdings

Market Cap: HK$200.0m

An investment holding company, provides engineering design, landscape architecture, and consultancy services in Hong Kong.

A-One Seimitsu

Market Cap: JP¥8.9b

Produces and sells collet chuck products.

Jiangxi JDL Environmental Protection

Market Cap: CN¥3.4b

Jiangxi JDL Environmental Protection Co., Ltd.

Suzhou Secote Precision ElectronicLTD

Market Cap: CN¥13.2b

Provides automation solutions in the People’s Republic of China.

Dongyang E&P

Market Cap: ₩158.2b

Engages in the manufacture and sale of power supply and electronic devices in South Korea.

Reach Machinery

Market Cap: CN¥6.9b

Engages in the research, development, production, and sale of components for automation equipment, power transmission, and braking systems in China and internationally.

DY Power

Market Cap: ₩136.0b

Engages in production and sales of hydraulic cylinders for construction equipment in Korea.

Soosan Industries

Market Cap: ₩297.0b

Provides power plant construction and maintenance services in South Korea.

Honda India Power Products

Market Cap: ₹28.1b

Engages in the manufacture, marketing, and sale of portable generators, water pumps, general purpose engines, lawn mowers, brush cutters, hand tools, portable gensets, tillers, and marine engines in India and internationally.

Shenzhen Liande Automation Equipmentltd

Market Cap: CN¥6.0b

Shenzhen Liande Automation Equipment co.,ltd.

CNTUSLtd

Market Cap: ₩66.6b

Manufactures and sells air filters and masks.

China Railway Hi-tech Industry

Market Cap: CN¥18.2b

Manufactures and sells infrastructure construction equipment worldwide.