Taiwanese Undervalued based on future growth

TS Financial Holding

Market Cap: NT$568.2b

Provides various financial products and services.

Wistron

Market Cap: NT$427.8b

Engages in the design, manufacture, and sale of information technology products in the United States, Europe, China, and internationally.

KGI Financial Holding

Market Cap: NT$306.4b

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

WT Microelectronics

Market Cap: NT$185.3b

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

MiTAC Holdings

Market Cap: NT$108.2b

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

Cheng Shin Rubber Ind

Market Cap: NT$100.5b

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

Lotus Pharmaceutical

Market Cap: NT$91.0b

Engages in the research and development, manufacture, and sale of generic pharmaceutical products in Taiwan, South Korea, the United States, and internationally.

Micro-Star International

Market Cap: NT$80.7b

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$80.0b

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

Acer

Market Cap: NT$76.8b

Research, designs, markets, and sells computers and display products Taiwan and internationally.

Bora Pharmaceuticals

Market Cap: NT$72.2b

Engages in contract development, manufacture, and sale of pharmaceuticals in Europe, the United States, Taiwan, and internationally.

Global Brands Manufacture

Market Cap: NT$56.9b

Engages in printed circuit boards (PCB) production and electronic manufacturing service (EMS) business in Taiwan.

Qisda

Market Cap: NT$40.3b

Manufactures, sells, and services monitors, opto-mechatronics products, and optoelectronics film in Taiwan, the Americas, Mainland China, Japan, and internationally.

Hotai Finance

Market Cap: NT$38.5b

Provides sales and leasing services for vehicles and equipment in Taiwan and China.

Elite Advanced Laser

Market Cap: NT$37.7b

Provides electronic manufacturing services in Taiwan.

Chicony Power Technology

Market Cap: NT$33.7b

Develops, manufactures, and sells switching power supplies, electronic components and LED lighting modules, and smart building solutions in Taiwan.

Century Iron and Steel IndustrialLtd

Market Cap: NT$32.9b

Century Iron and Steel Industrial Co.,Ltd.

CTCI

Market Cap: NT$28.5b

Engages, an engineering, procurement, and construction (EPC) services provider in Taiwan, the United States, and internationally.

ASROCK Incorporation

Market Cap: NT$27.7b

Designs, develops, and sells motherboards in Asia, Europe, America, and internationally.

Taiwan Surface Mounting Technology

Market Cap: NT$27.4b

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$24.5b

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

Chenming Electronic Tech

Market Cap: NT$24.0b

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.

Da-Li DevelopmentLtd

Market Cap: NT$22.3b

Engages in the construction business in Taiwan and the United States.

ITH

Market Cap: NT$19.8b

Engages in the provision of panel display and touch technology in Taiwan and internationally.

Gloria Material Technology

Market Cap: NT$19.6b

Engages in smelting, manufacturing, processing and sales of steel in Taiwan, the United States, China, and internationally.

Allied Supreme

Market Cap: NT$19.6b

Manufactures and sells fluoropolymer resin in China, America, and Taiwan.

Fitipower Integrated Technology

Market Cap: NT$18.6b

Engages in the research, design, development, production, and sale of display screen integrated circuits (ICs) and power management ICs in Taiwan.

Sincere Navigation

Market Cap: NT$18.3b

A shipping transportation company, owns and operates bulk cargo vessels in Taiwan.

Alexander Marine

Market Cap: NT$17.8b

Engages in the manufacture and sale of yachts in Taiwan, the United States, and Australia.

HD Renewable Energy

Market Cap: NT$16.6b

Engages in the development of solar power generation systems, engineering construction, and maintenances in Taiwan.

Great Giant Fibre Garment

Market Cap: NT$16.0b

Engages in manufacturing and selling garments and textiles in Taiwan.

J&V Energy Technology

Market Cap: NT$15.9b

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

Zyxel Group

Market Cap: NT$15.4b

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

Argosy Research

Market Cap: NT$14.6b

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

Hu Lane Associate

Market Cap: NT$14.6b

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

Materials Analysis Technology

Market Cap: NT$14.2b

Engages in the research and development, and intellectual property services in Taiwan, Mainland China, Japan, the United States, and internationally.