Global Capital Goods Undervalued based on future growth

Kitagawa SeikiLtd

Market Cap: JP¥5.4b

Engages in the manufacture and sale of press machines, factory automation equipment, and transfer machines.

DATRON

Market Cap: €30.1m

Designs, develops, manufactures, and sells various machining systems worldwide.

Borgosesia

Market Cap: €28.4m

Primarily invests in non-performing and alternative assets.

Arcure

Market Cap: €21.9m

Develops artificial intelligence (AI) solutions for enhancing the autonomy of industrial machinery worldwide.

HighCom

Market Cap: AU$37.0m

Provides specialist products and tailored solutions to military, law enforcement, government agencies, space, and commercial sectors.

Civil Engineering

Market Cap: ฿763.0m

Provides construction services in Thailand.

Hartanah Kenyalang Berhad

Market Cap: RM 96.1m

An investment holding company, provides construction services in Malaysia.

Protasco Berhad

Market Cap: RM 93.9m

An investment holding company, provides infrastructure solutions in Malaysia.

Texchem Resources Bhd

Market Cap: RM 84.3m

An investment holding company, engages in industrial, polymer engineering, food, restaurant, and venture businesses.

L'Accumulateur Tunisien Assad

Market Cap: د.ت52.8m

Designs, manufactures, distributes, and recycles lead-acid starting batteries in Tunisia and internationally.

Verbrec

Market Cap: AU$27.2m

Primarily provides engineering, asset management, training, and infrastructure services to mining, energy, defense, and infrastructure industries in Australia, New Zealand, Papua New Guinea, and the Pacific Islands.

Vimi Fasteners

Market Cap: €13.2m

Manufactures and supplies various fastener systems for the automotive, industrial engine and vehicle, oil and gas, and aerospace and motorsport markets in Italy and internationally.

ESI

Market Cap: €12.3m

Engages in the renewable energy business primarily in Italy.