Global Capital Goods Undervalued based on future growth

Webuild

Market Cap: €2.3b

Engages in the construction businesses worldwide.

Guangxi Liugong Machinery

Market Cap: CN¥16.6b

Manufactures and sells construction machinery in China and internationally.

Husqvarna

Market Cap: SEK 22.8b

Produces and sells outdoor power products, watering products, and lawn care power equipment.

Cadeler

Market Cap: NOK 21.7b

Operates as an offshore wind installation vessel contractor in Denmark, the United Kingdom, Germany, Poland, rest of Europe, the United States, and Taiwan.

NFI Group

Market Cap: CA$3.0b

Manufactures and sells buses in North America, the United Kingdom, rest of Europe, and the Asia Pacific.

Sumec

Market Cap: CN¥14.0b

Engages in the supply and industrial chain business in China.

CIMC Enric Holdings

Market Cap: HK$16.3b

Provides transportation, storage, and processing equipment and services.

China Conch Venture Holdings

Market Cap: HK$15.8b

An investment holding company, provides various package solutions for energy conservation and environmental protection in Mainland China and the Asia-Pacific.

ALEC Holdings PJSC

Market Cap: د.إ7.2b

Operates as a construction company in the United Arab Emirates.

Storskogen Group

Market Cap: SEK 18.1b

Owns and develops small and medium-sized businesses operating in trade, industry, and services business areas.

First Tractor

Market Cap: HK$14.9b

Engages in the production, manufacture, and sale of agricultural machinery and power machinery.

Jiangsu Zenergy Battery Technologies Group

Market Cap: HK$14.4b

Jiangsu Zenergy Battery Technologies Group Co., Ltd.

DEUTZ

Market Cap: €1.6b

Engages in the development, production, distribution, maintenance, and servicing of diesel and gas engines in Germany, Rest of Europe, the Middle East, Africa, the Asia Pacific, and the United States.

Luoyang Xinqianglian Slewing Bearing

Market Cap: CN¥12.2b

Luoyang Xinqianglian Slewing Bearing Co., Ltd.

Wacker Neuson

Market Cap: €1.5b

Manufactures and distributes light and compact equipment in Germany, Austria, the United States, and internationally.

China Lesso Group Holdings

Market Cap: HK$12.7b

An investment holding company, manufactures piping and building materials in China and internationally.

Mota-Engil SGPS

Market Cap: €1.4b

Provides public and private construction works and related services in Europe, Africa, and Latin America.

Riyue Heavy IndustryLtd

Market Cap: CN¥10.3b

Engages in the research and development, production, and sale of large-scale heavy industry equipment castings in China.

Hyundai G.F. Holdings

Market Cap: ₩2.1t

Engages in the departmental store businesses in the South Korea.

Jiangsu Haili Wind Power Equipment Technology

Market Cap: CN¥10.1b

Jiangsu Haili Wind Power Equipment Technology Co., Ltd.

Gibraltar Industries

Market Cap: US$1.5b

Manufactures and provides products and services for the residential, agtech, and infrastructure markets in the United States and internationally.

Windey Energy Technology Group

Market Cap: CN¥9.9b

Researches, develops, manufactures, and sells wind turbines in China.

NTN

Market Cap: JP¥231.9b

Manufactures and sells bearings, products, and CVJ axle products in Japan, the United States, Europe, Asia, and internationally.

Greenbrier Companies

Market Cap: US$1.5b

Designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America.

Hunan Zhongke Electric

Market Cap: CN¥9.5b

Engages in the research and development, production, and sales of electromagnetic metallurgy products in China and internationally.

SolaX Power Network Technology (Zhejiang)

Market Cap: CN¥9.5b

SolaX Power Network Technology (Zhejiang) Co., Ltd.

Camel Group

Market Cap: CN¥9.3b

Engages in the research, development, production, sale, recycling, and service of batteries in China and internationally.

Daehan Shipbuilding

Market Cap: ₩1.9t

Provides ship construction and repair services.

Vesuvius

Market Cap: UK£998.1m

Provides molten metal flow engineering and technology services to steel and foundry casting industries worldwide.

Palfinger

Market Cap: €1.2b

Provides hydraulic lifting solutions in Austria and internationally.

3S Industry Group

Market Cap: CN¥8.5b

Provides wind energy, construction, and safety protection equipment in China and internationally.

Alliance Global Group

Market Cap: ₱76.3b

Engages in real estate property development, tourism-entertainment and gaming, food and beverage, and quick-service restaurant businesses in the Philippines and internationally.

Gold cup Electric ApparatusLtd

Market Cap: CN¥8.4b

Researches, develops, manufactures, and sells flat magnet wires and cables in China and internationally.

Hangzhou Honghua Digital Technology Stock

Market Cap: CN¥8.3b

Hangzhou Honghua Digital Technology Stock Company LTD.

Haian Rubber Group

Market Cap: CN¥8.2b

Engages in the research, development, manufacture, sale, and operation management of mining tires in China and internationally.

FerreycorpA

Market Cap: S/4.0b

Engages in the distribution of machinery, engines, equipment, spare parts, lubricants, and other goods in Peru, and Central and South America.