Taiwanese Undervalued based on future growth

ASE Technology Holding

Market Cap: NT$724.1b

Provides semiconductor manufacturing services in the United States, Taiwan, rest of Asia, Europe, and internationally.

TS Financial Holding

Market Cap: NT$433.9b

Provides various financial products and services.

KGI Financial Holding

Market Cap: NT$284.6b

Engages in the commercial banking, securities, venture capital, and insurance businesses in Taiwan and internationally.

Pegatron

Market Cap: NT$186.0b

Designs, develops, manufactures, and sells computer, communication, and consumer electronic products in Europe, the United States, Taiwan, China, Japan, and internationally.

PharmaEssentia

Market Cap: NT$183.1b

A biopharmaceutical company engages in treatment for human diseases in Taiwan and internationally.

TCC Group Holdings

Market Cap: NT$168.3b

Engages in the production and sale of cement and ready-mix concrete in Taiwan.

WT Microelectronics

Market Cap: NT$143.6b

Develops and sells electronic and communication components in Taiwan, China, and internationally.

Compal Electronics

Market Cap: NT$132.9b

Manufactures and sells notebook personal computers, monitors, LCD TVs, mobile phones, and various components and peripherals in Taiwan, the United States, China, the United Kingdom, Germany, the Netherlands, and internationally.

Cheng Shin Rubber Ind

Market Cap: NT$123.7b

Together with subsidiaries, processes, manufactures, and trades in bicycle and electrical vehicle tires, reclaimed rubbers, rubbers and resins, and other rubber products.

MiTAC Holdings

Market Cap: NT$122.6b

Designs, develops, manufactures, and distributes computers and ancillary equipment, and communication related products in Taiwan, Europe, the United States, and internationally.

Powertech Technology

Market Cap: NT$111.6b

Researches, designs, develops, assembles, manufactures, packages, tests, and sells various integrated circuit (IC) products in Taiwan, Japan, Singapore, the United States, Europe, China, Hong Kong, Macao, and internationally.

Micro-Star International

Market Cap: NT$103.5b

Engages in the manufacture and sale of motherboards, interface cards, notebook computers, and other electronic products in Asia, Europe, the United States, and internationally.

Highwealth Construction

Market Cap: NT$92.1b

Engages in the development, construction, leasing, and sale of residential and commercial buildings in Taiwan.

Compeq Manufacturing

Market Cap: NT$90.0b

Engages in the manufacture and sale of printed circuit boards for computers in Taiwan, the United States, Asia, Europe, and internationally.

Ta Chen Stainless Pipe

Market Cap: NT$81.6b

Manufactures, processes, and sells stainless steel pipes, plates, and fittings, and venetian blinds in Taiwan, the United States, China, and internationally.

Sino-American Silicon Products

Market Cap: NT$66.6b

Engages in the research and development, design, production, and sale of semi-conductor silicon materials and components, rheostats, and optical and communications wafer materials.

WNC

Market Cap: NT$56.4b

Engages in research and development, manufacture, and sale of satellite communication systems, and mobile and portable communication equipment in the Americas, Asia, Europe, and Internationally.

Wisdom Marine Lines Limited (Cayman)

Market Cap: NT$43.6b

Provides marine cargo transportation services in Singapore, the Netherlands, Germany, Panama, Switzerland, Denmark, and internationally.

Sigurd Microelectronics

Market Cap: NT$42.8b

Engages in the design, processing, testing, burn-in treatment, manufacture, and trading of integrated circuits (ICs) in Taiwan, Singapore, America, China, and internationally.

Century Iron and Steel IndustrialLtd

Market Cap: NT$42.0b

Century Iron and Steel Industrial Co.,Ltd.

ASROCK Incorporation

Market Cap: NT$35.5b

Designs, develops, and sells motherboards in Taiwan.

Foxsemicon Integrated Technology

Market Cap: NT$31.9b

Engages in the research, development, design, manufacturing, and sale of semiconductor equipment subsystems and system integration in Taiwan, the United States, China, and internationally.

Taiwan Surface Mounting Technology

Market Cap: NT$30.6b

Engages in the design, processing, manufacturing, and trading of TFT-LCD panels, general electronic information products, and PCB surface mount packaging worldwide.

Sercomm

Market Cap: NT$29.8b

Researches, develops, manufactures, and sells networking communication software and equipment in North America, Europe, and the Asia Pacific.

LuxNet

Market Cap: NT$28.3b

Manufactures, processes, and sells electric and optical communication components in Taiwan.

Chenming Electronic Tech

Market Cap: NT$24.9b

An OEM/ODM manufacturer, engages in the research and development, manufacturing, and sale of computer and server cases, server chassis, mobile device components, and molds in Taiwan, China, the United States, and internationally.

Dynamic Holding

Market Cap: NT$24.1b

Designs, develops, manufactures, and sells multi-layer printed circuit boards (PCBs) and electronic components in China, Mexico, Germany, Korea, and internationally.

ITH

Market Cap: NT$21.2b

Provides panel display and touch integrated single chip in Taiwan and internationally.

ChipMOS TECHNOLOGIES

Market Cap: NT$19.8b

Engages in the research and development, manufacture, and sale of integrated circuits, and related assembly and testing services in Taiwan, Japan, the People’s Republic of China, Singapore, and internationally.

HD Renewable Energy

Market Cap: NT$18.1b

Engages in the power development, engineering, and trading in Taiwan, Japan, Australia, and the Philippines.

Global PMX

Market Cap: NT$16.4b

Manufactures, processes, and sells precision metal components for automotive products, hard disk drives, medical equipment, and various industrial products primarily in the United States, China, Germany, France, Italy, and Japan.

J&V Energy Technology

Market Cap: NT$16.2b

Engages in the development, investment, maintenance, and management of renewable energy plants in Taiwan.

Argosy Research

Market Cap: NT$16.0b

Manufactures and sells of electronic components and connectors in Asia, the United States, and internationally.

Hu Lane Associate

Market Cap: NT$15.4b

Engages in manufacture and sale of terminal devices, terminal crimping, industrial rubber, and plastic products in Taiwan.

Hi-Yes International

Market Cap: NT$15.1b

Engages in the real estate agency and brokerage businesses in Taiwan.

Zyxel Group

Market Cap: NT$14.6b

Offers networking solutions for telco, SME, and digital home in the United States, France, and internationally.