Global Capital Goods Undervalued based on future growth

HIRANO TECSEEDLtd

Market Cap: JP¥24.4b

Engages in the production and sale of coating/laminating and industrial machinery in Japan and internationally.

WCT Holdings Berhad

Market Cap: RM 615.8m

An investment holding company, engages in the engineering and construction, property development, and property investment and management activities in Malaysia, the Middle East, India, and internationally.

Fleetwood

Market Cap: AU$212.8m

Designs, manufactures, sells, and installs modular accommodation and buildings in Australia and New Zealand.

Altea Green Power

Market Cap: €128.0m

Supplies and manages renewable energy plants in Italy and the United States.

S & SysLtd

Market Cap: ₩198.2b

Manufactures and sells machinery and electric systems worldwide.

Scandinavian Astor Group

Market Cap: €116.1m

Produces and develops solutions to defense and industrial sectors in Europe, Africa, the Middle East, the Americas, and Asia.

AJ NetworksLtd

Market Cap: ₩191.5b

Provides rental services for logistics pallets, IT equipment, and construction equipment in South Korea.

HL D&I Halla

Market Cap: ₩191.5b

HL D&I Halla Corporation undertakes various construction projects in South Korea and internationally.

Magnate Technology

Market Cap: NT$4.1b

Manufactures and sells aircraft, machinery and equipment, and general instrument components and other related products in Taiwan, Japan, and internationally.

Dat Phuong Group

Market Cap: ₫3.3t

Engages in the real estate construction and development business in Vietnam.

Scott Technology

Market Cap: NZ$209.7m

Engages in the design, manufacture, sale, and servicing of automated and robotic production lines and processes for various industries in New Zealand and internationally.

HanmiGlobal

Market Cap: ₩171.8b

Provides construction project management services in South Korea and internationally.

Sangsin Energy Display PrecisionLtd

Market Cap: ₩169.9b

Sangsin Energy Display Precision Co.,Ltd.

Shin Heung Energy & ElectronicsLtd

Market Cap: ₩160.4b

Engages in the manufacturing and sale of parts and facilities for the secondary battery markets in South Korea and internationally.

Alumasc Group

Market Cap: UK£81.8m

Manufactures and sells building products and solutions in the United Kingdom, Europe, North America, the Middle East, the Far East, and internationally.

Mitrajaya Holdings Berhad

Market Cap: RM 437.1m

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

SRV Yhtiöt Oyj

Market Cap: €91.3m

Operates as a project management contractor company in Finland.

Consti Oyj

Market Cap: €91.1m

Provides renovation contracting and technical building services in Finland.

CTEK

Market Cap: SEK 983.9m

Develops, markets, and sells battery charging products for vehicles in Sweden, Nordics, Germany, Luxemburg, the America, rest of Europe, and internationally.

ILPRA

Market Cap: €88.7m

Engages in the design, production, and sale of packaging machines worldwide.

Okada Aiyon

Market Cap: JP¥16.2b

Engages in the manufacture, sale, and repair of construction machines in Japan.

R. STAHL

Market Cap: €87.6m

Develops, manufactures, assembles, and distributes devices and systems for measuring, controlling, and distribution of energy, securing, and lighting explosive environments worldwide.

ZJK Industrial

Market Cap: US$99.7m

Through its subsidiaries, manufactures and sells precision fasteners, structural parts, and other precision metal parts products in the People’s Republic of China, Taiwan, Singapore, the United States, and internationally.

Edil San Felice

Market Cap: €86.4m

Engages in the civil and industrial construction business in Italy.

Juki

Market Cap: JP¥15.4b

Manufactures and sells industrial and household sewing machines, and industrial equipment in Japan, China, India, rest of Asia, the Americas, Europe, and internationally.

GnBS ecoLtd

Market Cap: ₩133.5b

Manufactures and sells machinery and components related to semiconductors, displays, and solar energy in South Korea.

Engtex Group Berhad

Market Cap: RM 378.5m

Engages in the wholesale and distribution of pipes, valves and fittings, plumbing materials, steel related products, general hardware products, and construction materials primarily in Malaysia.

JRCLtd

Market Cap: JP¥14.8b

Designs, manufactures, and sells conveyor parts in Japan.

Ringmetall

Market Cap: €77.9m

Develops, produces, and markets packaging solutions for industrial drums in Germany and internationally.

PGF Capital Berhad

Market Cap: RM 349.3m

Engages in the manufacture and trading of fiber glasswool and related products primarily in Malaysia, Oceania, and internationally.

Jati Tinggi Group Berhad

Market Cap: RM 327.8m

An investment holding company, provides infrastructure utilities engineering solutions in Malaysia.

Kumpulan Kitacon Berhad

Market Cap: RM 325.2m

An investment holding company, provides construction services in Malaysia.

ErreDue

Market Cap: €66.3m

Designs and produces solutions for the production, mixing, and on-site purification of technical gases in Italy.

Suzumo Machinery

Market Cap: JP¥11.5b

Manufactures and sells food machines for small kitchens and factories worldwide.

Billington Holdings

Market Cap: UK£53.0m

Through its subsidiaries, provides structural steel and construction safety solutions in the United Kingdom.

COWINTECH

Market Cap: ₩100.9b

Engages in the design, manufacture, and installation of logistics automation systems.