Global Capital Goods Undervalued based on future growth

Southern Score Builders Berhad

Market Cap: RM 1.2b

An investment holding company, provides construction management services for building and infrastructure works in Malaysia.

AerSale

Market Cap: US$290.6m

Provides aftermarket commercial aircraft, engines, and its parts to passenger and cargo airlines, leasing companies, original equipment manufacturers, government and defense contractors, and maintenance, repair, and overhaul service providers worldwide.

Patel Engineering

Market Cap: ₹27.1b

Provides infrastructure and construction services in India and internationally.

SCG Decor

Market Cap: ฿9.2b

Through its subsidiaries, produces and distributes ceramic tiles, sanitary ware, and other related products and services in Thailand, Vietnam, and internationally.

Horizon Construction Development

Market Cap: HK$2.1b

Operates as an investment holding company that provides equipment operation services in the People's Republic of China.

National Aerospace Fasteners

Market Cap: NT$8.7b

Manufactures and sells fasteners and structural components for aircraft, ships, and vehicles in Taiwan and internationally.

Solar

Market Cap: DKK 1.7b

Operates as a sourcing and services company in electrical, heating and plumbing, ventilation, and climate and energy solutions in Denmark, Sweden, Norway, The Netherlands, and Poland.

Iseki

Market Cap: JP¥41.8b

Engages in the development, manufacture, and sale of agricultural machinery in Japan, Asia, Europe, the United States, and internationally.

Asia Metal Industries

Market Cap: NT$8.2b

Designs, processes, manufactures, and trades in metal mechanics and parts in China, Malaysia, Thailand, and Taiwan.

Ha Do Group

Market Cap: ₫6.6t

Engages in the electricity generation, transmission, and distribution activities in Vietnam.

Armac Locação Logística e Serviços

Market Cap: R$1.2b

Engages in leasing machines, equipment, and services in Brazil.

KUMHO Engineering & Construction

Market Cap: ₩334.8b

KUMHO Engineering & Construction Co., Ltd.

DKSH Holdings (Malaysia) Berhad

Market Cap: RM 938.1m

An investment holding company, provides market expansion services to consumer goods, performance materials, healthcare, and technology industries.

Kepler Weber

Market Cap: R$1.1b

Provides grain storage equipment and post-harvest grain solutions in Brazil, the Americas, Africa, Europe, and Asia.

Acrow

Market Cap: AU$308.6m

Provides smart integrated construction systems across formwork, industrial services, and commercial scaffolding in Australia.

Hyundai

Market Cap: ₩307.5b

Operates as an import and export trading company in the Republic of Korea, the United States, Asia, Europe, and internationally.

Invicta Holdings

Market Cap: R3.3b

An investment holding company, engages in the distribution of engineering components and consumables in South Africa, the Rest of Africa, Europe, and Asia.

Perma-Pipe International Holdings

Market Cap: US$197.1m

Designs, engineers, manufactures, and sells specialty piping and leak detection systems in the United States, Canada, the United Arab Emirates, Saudi Arabia, and internationally.

Capacit'e Infraprojects

Market Cap: ₹18.2b

Engages in the engineering, procurement, and construction business in India.

JVM

Market Cap: ₩274.0b

Develops and sells automation systems and software of dispensing, packaging, and medication management for hospitals and pharmacies worldwide.

China State Construction Development Holdings

Market Cap: HK$1.5b

An investment holding company, engages in the general contracting business in Hong Kong and internationally.

EVI Industries

Market Cap: US$188.4m

Through its subsidiaries, engages in the distribution, sale, rental, and lease of commercial and industrial laundry and dry-cleaning equipment.

Tai Sin Electric

Market Cap: S$241.6m

Manufactures and deals in cable and wire products in Singapore, Malaysia, Brunei, Vietnam, Indonesia, Myanmar, Cambodia, Thailand, and internationally.

JINSUNG T.E.C

Market Cap: ₩269.7b

Engages in the production and sale of heavy construction equipment under carriage parts in South Korea and internationally.

Lum Chang Creations

Market Cap: S$233.1m

Operates as an urban revitalization specialist that offers conservation and restoration works in Singapore and Malaysia.

Hantech

Market Cap: ₩261.3b

Produces and sells chemical process equipment/storage tanks and cryogenic containers in South Korea.

TK Group (Holdings)

Market Cap: HK$1.4b

An investment holding company, engages in the manufacture, sale, subcontracting, fabrication, and modification of molds and plastic components.

M & B Engineering

Market Cap: ₹16.8b

An engineering company, engages in the design, manufacturing, and installation of pre-engineered metal buildings, self-supported steel roofing, and complex steel components.

Critical Holdings Berhad

Market Cap: RM 706.3m

An investment holding company, provides MEP design and engineering solutions for data centers, cleanrooms, and plantrooms in Malaysia and Singapore.

Aitken Spence

Market Cap: LK₨58.1b

Operates as a diversified conglomerate in Sri Lanka, Maldives, and internationally.

Orge Enerji Elektrik Taahhüt Anonim Sirketi

Market Cap: ₺8.1b

Provides electricity contracting services in Turkey.

Lemtech Holdings

Market Cap: NT$5.5b

Research, develops, produces, and sells precision metal dies and metal stampings in Asia, the Americas, and Europe.

CTT Systems

Market Cap: SEK 1.6b

Provides humidity control systems for aircraft in Sweden, Denmark, France, the United States, and internationally.

General de Alquiler de Maquinaria

Market Cap: €143.5m

Primarily engages in the equipment rental business in Spain, Portugal, Latam, Morocco, and internationally.

Gesco

Market Cap: €139.0m

Operates in the process, resource, healthcare, and infrastructure technology sectors in Germany, rest of Europe, the United States, and internationally.

Eurocell

Market Cap: UK£115.4m

Engages in manufacturing, distribution, and recycling of building products in the United Kingdom and the Republic of Ireland.