Hong Kong Capital Goods Potentially Undervalued Small Caps

KPa-BM Holdings

Market Cap: HK$214.4m

An investment holding company, provides structural engineering works with a focus on design and build projects to the private and public sectors primarily in Hong Kong and the People’s Republic of China.

BHCC Holding

Market Cap: HK$200.0m

Provides building construction services in Singapore.

Wuxi Sunlit Science and Technology

Market Cap: HK$279.0m

Engages in the research and development, design, manufacture, supply, installation, testing, repair, and maintenance of production lines for manufacturing steel wire products in the People’s Republic of China.

Sam Woo Construction Group

Market Cap: HK$108.4m

An investment holding company, provides foundation works and ancillary services in Hong Kong and Macau.

Lap Kei Engineering (Holdings)

Market Cap: HK$173.4m

An investment holding company, provides engineering services for building services systems in Hong Kong.

China Pipe Group

Market Cap: HK$195.8m

An investment holding company, engages in the trading of construction materials in Hong Kong, Macau, and Mainland China.

Chuan Holdings

Market Cap: HK$280.6m

An investment holding company, provides general building and construction services in Singapore.

Kwan Yong Holdings

Market Cap: HK$308.0m

An investment holding company, engages in the provision of general building and construction services in Singapore.

Hebei Yichen Industrial Group

Market Cap: HK$399.2m

Engages in the research and development, manufacturing, and sales of rail fastening system, welding wire, and railway sleeper products in the People’s Republic of China and Hong Kong.

Perennial International

Market Cap: HK$238.7m

An investment holding company, manufactures and trades in electric cables and wire products in the United States, Europe, Australia, Mainland China, Japan, and Southeast Asia.

Boltek Holdings

Market Cap: HK$192.0m

An investment holding company, provides engineering design, landscape architecture, and consultancy services in Hong Kong.

Zhongtian Construction (Hunan) Group

Market Cap: HK$47.2m

An investment holding company, engages in the provision of construction services in the People’s Republic of China.

Solis Holdings

Market Cap: HK$297.6m

An investment holding company, operates as a design and build mechanical and electrical engineering contractor in Singapore.

Progressive Path Group Holdings

Market Cap: HK$134.9m

An investment holding company, engages in the construction business in Hong Kong.

Watts International Maritime

Market Cap: HK$313.7m

An investment holding company, provides port, waterway, marine engineering, and municipal public engineering services in the People's Republic of China and Southeast Asia.

Sanbase

Market Cap: HK$148.0m

An investment holding company, provides interior fit-out solutions in Hong Kong and the People’s Republic of China.

Xinjiang Tianye Water Saving Irrigation System

Market Cap: HK$93.5m

Designs, manufactures, and sells water-savings products in China.

Jujiang Construction Group

Market Cap: HK$113.6m

Provides construction contracting services for residential, commercial, industrial, and public works in the People’s Republic of China and Hong Kong.

Tak Lee Machinery Holdings

Market Cap: HK$280.0m

An investment holding company, engages in the sale and leasing of new and used heavy equipment and spare parts in Hong Kong.

E. Bon Holdings

Market Cap: HK$92.7m

An investment holding company, engages in the importing, wholesale, retailing, and installation of architectural builders’ hardware, bathroom, kitchen collections, and furniture in Hong Kong and the People’s Republic of China.

Green Economy Development

Market Cap: HK$68.4m

An investment holding company, engages in the construction and related activities in Hong Kong and China.

USAS Building System (Shanghai)

Market Cap: HK$488.2m

USAS Building System (Shanghai) Co., Ltd.

HPC Holdings

Market Cap: HK$313.6m

An investment holding company, engages in civil engineering, general building construction, and upgrading works in Singapore.

Yee Hop Holdings

Market Cap: HK$448.1m

An investment holding company, provides engineering and construction services in Hong Kong, the People’s Republic of China, and the Philippines.

Hong Kong Shanghai Alliance Holdings

Market Cap: HK$276.9m

Engages in the distribution and processing of construction materials in Hong Kong and Mainland China.

Denox Environmental & Technology Holdings

Market Cap: HK$94.9m

An investment holding company, designs, develops, manufactures, and sells DeNOx catalysts in the People’s Republic of China, Southeast Asia, and Europe.

Zhejiang Tengy Environmental Technology

Market Cap: HK$266.0m

Designs, develops, manufactures, installs, and sells environmental pollution prevention equipment and electronic products in Mainland China and internationally.

Leeport (Holdings)

Market Cap: HK$177.2m

An investment holding company, engages in the trading of metalworking machinery, measuring instruments, cutting tools, and electronic equipment in the People’s Republic of China, Hong Kong, Singapore, Taiwan, Malaysia, Germany, and Indonesia.

Xinyi Electric Storage Holdings

Market Cap: HK$408.5m

An investment holding company, engages in the energy storage, EPC services, automobile glass repair and replacement services, photovoltaic (PV) films, and other businesses.

SOCAM Development

Market Cap: HK$121.3m

Engages in the construction and property businesses in Mainland China, Hong Kong, and Macau.

Chinney Kin Wing Holdings

Market Cap: HK$390.0m

An investment holding company, engages in foundation construction, and drilling and site investigation works for public and private sectors in Hong Kong.

In Construction Holdings

Market Cap: HK$232.4m

An investment holding company, operates as a contractor in the foundation industry in Hong Kong.

Ching Lee Holdings

Market Cap: HK$58.8m

An investment holding company, engages in the provision of construction, consultancy, and project management services primarily in Hong Kong.