Global Capital Goods Undervalued based on future growth

Insteel Industries

Market Cap: US$592.7m

Manufactures and markets steel wire reinforcing products for concrete construction applications.

Zhejiang Development GroupLtd

Market Cap: CN¥3.9b

Provides multi-level and personalized supply chain integration services in China and internationally.

Reunert

Market Cap: R9.2b

Operates in the fields of electrical engineering, information communication technologies (ICT), and applied electronics in South Africa, rest of Africa, the United States, Australia, Asia, and Europe.

Energiekontor

Market Cap: €475.2m

A project developer, engages in the planning, construction, and operation of wind and solar parks in Germany, Portugal, Scotland, and the united States.

SK oceanplantLtd

Market Cap: ₩782.2b

Engages in manufacturing of steel and stainless steel pipe, hull block, and shipbuilding equipment in South Korea.

Park-Ohio Holdings

Market Cap: US$542.6m

Provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Europe, Asia, Mexico, Canada, and internationally.

IDICO Corporation - JSC

Market Cap: ₫13.6t

Invests in construction and trade of infrastructure development in urban areas, industrial parks, and electricity trading production business in Vietnam.

Senci Electric MachineryLtd

Market Cap: CN¥3.4b

Develops, manufactures, and sells small engines and electric alternators in China and internationally.

Jacquet Metals

Market Cap: €432.3m

Engages in the storage and distribution of special metals in Germany, France, Italy, North America, Spain, the Netherlands, rest of Europe, and internationally.

Heidelberger Druckmaschinen

Market Cap: €416.0m

Manufactures printing presses in Europe, the Middle East, Africa, the Asia Pacific, and the Americas.

Raubex Group

Market Cap: R7.9b

Engages in the infrastructure development and construction materials business in South Africa, Australia, rest of Africa, and internationally.

Hosokawa Micron

Market Cap: JP¥73.8b

Provides powder and plastic processing equipment in Japan, the Americas, Europe, Asia, and internationally.

People & Technology

Market Cap: ₩659.5b

Offers coating, calendaring, slitting, automation, and other machineries.

Luxfer Holdings

Market Cap: US$455.2m

Develops and manufactures high-performance materials, components, and high-pressure gas containment devices.

Bowman Consulting Group

Market Cap: US$454.0m

Provides engineering, technical consulting, and program management services in the United States.

Ta Tun Electric Wire & Cable

Market Cap: NT$14.1b

Engages in the manufacture, processing, sale, and installation of wires and cables in Taiwan.

Nippon Sheet Glass Company

Market Cap: JP¥68.6b

Engages in the manufacture and sale of glass and glass products in Europe, Asia, and the Americas.

Man Industries (India)

Market Cap: ₹39.9b

Manufactures, processes, sells, and trades in submerged arc-welded pipes and steel products in India.

LX Holdings

Market Cap: ₩598.1b

Through its subsidiaries, provides various solutions for materials, components, and services in South Korea.

Tokyo Energy & Systems

Market Cap: JP¥66.1b

Engages in the planning, study, design, construction, and supervision of electric and mechanical facilities in Japan.

Enviro Infra Engineers

Market Cap: ₹38.6b

Engages in the design, construction, operation, and maintenance of water and wastewater treatment plants (WWTPs) and water supply scheme projects (WSSPs) for government authorities and bodies in India.

SFA Engineering

Market Cap: ₩558.0b

Manufactures and sells display equipment, logistics systems, secondary battery, semiconductor equipment, material handling, and special business equipment in South Korea and internationally.

J. Kumar Infraprojects

Market Cap: ₹36.5b

Engages in the construction business in India.

Shuangdeng Group

Market Cap: HK$3.0b

Provides energy storage solutions for big-data and telecommunication industries in China.

IS DongSeo

Market Cap: ₩535.9b

Engages in the construction and construction materials businesses in South Korea.

H.G. Infra Engineering

Market Cap: ₹35.1b

Engages in the provision of engineering, procurement, and construction (EPC) services in India.

Cambi

Market Cap: NOK 3.4b

Provides thermal hydrolysis solutions for sewage sludge and organic waste management in Europe, the Americas, Asia, Africa, and Oceania.

Deceuninck

Market Cap: €306.9m

Engages in the design, manufacture, and recycling of multi-material window, door, and building solutions in North America, Europe, Turkey, and internationally.

Semperit Holding

Market Cap: €302.4m

Develops, produces, and sells rubber and polymer products in Europe, America, Asia-Pacific, and Africa.

China Aircraft Leasing Group Holdings

Market Cap: HK$2.7b

An investment holding company, provides aircraft leasing services to airline companies in Mainland China and internationally.

Compagnie d'Entreprises CFE

Market Cap: €293.1m

Engages in the real estate development, multitechnics, construction and renovation, and sustainable investment businesses in Belgium, Poland, Luxembourg, and internationally.

PC1 Group

Market Cap: ₫8.8t

Engages in the construction, industrial production, real estate, energy, trading, exploitation and operation of industrial zone, mining, and other businesses in Vietnam.

Hudaco Industries

Market Cap: R5.5b

Imports and distributes automotive, industrial, and electronic consumable products in South Africa and internationally.

MT Højgaard Holding

Market Cap: DKK 2.1b

Engages in the provision of construction, civil engineering, and infrastructure services for private and public customers in Denmark and internationally.

Fagerhult Group

Market Cap: SEK 3.0b

Designs, manufactures, and markets professional lighting solutions worldwide.

BAUER

Market Cap: €263.4m

Provides services, equipment, and products related to ground and groundwater in Germany, Europe, the Middle East, the Asia Pacific, the Americas, and Africa.