Taiwanese Automobiles Undervalued over 20% based on DCF

Cheng Shin Rubber Ind

Market Cap: NT$102.3b

Together with subsidiaries, engages in the processing, manufacturing and trading of rickshaw tires, motor vehicle tires, recycled rubber, various tape resins, and other rubber products.

GLOBAL TEK FABRICATION

Market Cap: NT$7.4b

Manufactures and sells precision parts and subassemblies in China and internationally.

E-Lead Electronic

Market Cap: NT$6.0b

Designs and manufactures electronics devices for automotive industry in Taiwan and internationally.

Y.C.C. Parts Mfg

Market Cap: NT$3.4b

Manufactures and sells automotive plastic parts in the United States, China, and Taiwan.

Young Shine Electric

Market Cap: NT$2.5b

Manufactures and sells automotive air conditioning compressors, heat exchangers, clutches, and automotive water tanks in Taiwan.

China Fineblanking TechnologyLtd

Market Cap: NT$1.8b

Manufactures, processes, and sells hardware parts, mechanical hardware parts, and mold parts in Taiwan and internationally.

Everbrite Technology

Market Cap: NT$1.6b

Engages in the manufacture, sale, installation, after-sale service, and agency of automotive air conditioners, electromechanical systems, and electronic components in Taiwan, Japan, and internationally.

Orange Electronic

Market Cap: NT$855.6m

Manufactures and sells wireless communication machinery and equipment, telecommunications control radio frequency equipment and enterprises, and locomotives parts and other products.