Taiwanese Undervalued over 20% based on DCF

Chunghwa Telecom

Market Cap: NT$1.0t

Operates as an integrated telecommunications service provider in Taiwan and internationally.

CTBC Financial Holding

Market Cap: NT$814.6b

Engages in the banking, bills financing, credit card, trust, insurance, securities, futures, venture capital, and other financial related business investment activities in Taiwan, Asia, and North America.

Wiwynn

Market Cap: NT$508.3b

Engages in the research, development, design, testing, and sales of semi products, and peripheral equipment and parts in the United States, Europe, Asia, and internationally.

Accton Technology

Market Cap: NT$494.1b

Researches and develops, manufactures, and sells network communication equipment in Taiwan, America, rest of Asia, Europe, and internationally.

Yuanta Financial Holding

Market Cap: NT$408.3b

Operates as a financial services company primarily in Taiwan.

Taiwan Mobile

Market Cap: NT$320.6b

Provides wireless communication services in Taiwan, Republic of China, and internationally.

Nan Ya Plastics

Market Cap: NT$315.6b

Engages in the manufacture and sale of plastic products, polyester fibers, petrochemical products, and electronic materials in Taiwan, China and Hong Kong, the United States, and internationally.

Hotai MotorLtd

Market Cap: NT$303.6b

Hotai Motor Co.,Ltd., together with its subsidiaries, exports and imports, trades, and sells vehicles, automobile air conditioners, and related parts in Taiwan and Mainland China.

Novatek Microelectronics

Market Cap: NT$288.4b

Engages in research and development, manufacture, and sale of integrated circuit chips for speech, communication, computer peripheral, LCD driver IC system, embedded MCU, DSP, and system applications in Taiwan, Asia, and internationally.

KGI Financial Holding

Market Cap: NT$283.7b

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

Yageo

Market Cap: NT$277.1b

Engages in the manufacture and sale of electronic components in China, Europe, the United States, and rest of Asia.

Hon. Precision

Market Cap: NT$250.5b

Manufactures and sells handlers in Taiwan.

E Ink Holdings

Market Cap: NT$242.6b

Researches, develops, manufactures, and sells electronic paper display panels worldwide.

Bizlink Holding

Market Cap: NT$171.8b

Researches, designs, develops, manufactures, and sells interconnect products for cable harnesses in the United States, China, Germany, Malaysia, Taiwan, Italy, and internationally.

Lotes

Market Cap: NT$162.9b

Designs, manufactures, and sells electronic interconnect and hardware components in Taiwan, Mainland China, and internationally.

Nanya Technology

Market Cap: NT$137.7b

Research, develops, manufactures, and sells semiconductor products in Taiwan, Japan, Malaysia, China, the United States, Thailand, Germany, Singapore, Poland and internationally.

Cheng Shin Rubber Ind

Market Cap: NT$131.4b

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

Silergy

Market Cap: NT$126.5b

Designs, manufactures, and sales of various integrated circuit products and related technical services in China and internationally.

China Airlines

Market Cap: NT$124.8b

Provides air transportation services for passengers, cargo, and others.

Nan Ya Printed Circuit Board

Market Cap: NT$113.7b

Manufactures and sells printed circuit boards (PCBs) in Taiwan, the United States, Mainland China, Korea, and internationally.

Chicony Electronics

Market Cap: NT$95.3b

Engages in the manufacture and sale of electronic parts and components in Taiwan and internationally.

Chung-Hsin Electric and Machinery Manufacturing

Market Cap: NT$82.3b

Chung-Hsin Electric and Machinery Manufacturing Corp.

Getac Holdings

Market Cap: NT$73.2b

Researches, develops, manufactures, and sells notebook computers and related products in China, the United States, Europe, and internationally.

Sakura DevelopmentLtd

Market Cap: NT$65.3b

Engages in the sale and lease of residential properties with focus on the Zhongzhangtou area in Taiwan.

Fositek

Market Cap: NT$62.8b

Engages in the manufacture and wholesale of electronic materials and components.

King's Town Bank

Market Cap: NT$60.8b

Provides various banking products and services in Taiwan.

Auras Technology

Market Cap: NT$60.8b

Engages in the manufacturing, processing, and retailing of electronic materials and computer cooling modules in China, Taiwan, Ireland, Singapore, the United States, and internationally.

Lotus Pharmaceutical

Market Cap: NT$56.5b

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

Yulon Finance

Market Cap: NT$54.8b

Provides various financial services in China, Taiwan, and internationally.

POYA International

Market Cap: NT$49.3b

Operates a chain of retail stores in Taiwan.

Parade Technologies

Market Cap: NT$47.2b

Operates as a fabless semiconductor company in South Korea, China, Taiwan, Japan, and internationally.

Kinsus Interconnect Technology

Market Cap: NT$47.0b

Engages in the manufacture and sale of electronic products in Taiwan and internationally.

Tung Ho Steel Enterprise

Market Cap: NT$46.8b

Produces and sells steel products in Taiwan.

Taiwan FamilyMart

Market Cap: NT$46.7b

Engages in operating and managing convenience stores in Taiwan and internationally.

Evergreen Aviation Technologies

Market Cap: NT$46.3b

Provides aircraft maintenance services to airline partners in Taiwan and internationally.

Kinik

Market Cap: NT$45.9b

Produces and sells various abrasives, cutting tools, and reclaimed wafers in Taiwan and internationally.