Taiwanese Capital Goods Undervalued over 20% based on DCF

Far Eastern New Century

Market Cap: NT$142.6b

Manufactures and sells polyester materials and textiles in Taiwan, China, and internationally.

Walsin Lihwa

Market Cap: NT$140.3b

Engages in the manufacture and sale of wires and cables, and stainless-steel products in Asia, the United States, Europe, and internationally.

Acter Group

Market Cap: NT$86.2b

Provides engineering services in Taiwan, Mainland China, and other Asian countries.

C Sun Mfg

Market Cap: NT$75.2b

Provides various processing equipment in Taiwan, China, and internationally.

Chung-Hsin Electric and Machinery Manufacturing

Market Cap: NT$74.1b

Chung-Hsin Electric and Machinery Manufacturing Corp.

Tatung

Market Cap: NT$65.1b

Through its subsidiaries, provides energy saving and green energy related systems and services in Taiwan, Rest of Asia, Europe, America, and internationally.

Nan Juen International

Market Cap: NT$43.8b

Engages in the research, development, manufacturing, and trading of steel ball guide rails in the United States, Asia, Europe, Africa, and internationally.

Shin Zu Shing

Market Cap: NT$40.4b

Engages in the research, design, development, production, assembly, testing, manufacturing, and trading of various precision springs, stamping parts, hinge components, CNC lathes, and metal injection molding in Taiwan, Singapore, and China.

GFC

Market Cap: NT$21.3b

Manufactures and sells elevators, escalators, and generators in Taiwan.

Cyber Power Systems

Market Cap: NT$16.6b

Designs, manufactures, and sells power protection products and computer peripheral accessories worldwide.

Lungteh Shipbuilding

Market Cap: NT$14.8b

Engages in the shipbuilding business in Taiwan and Singapore.

Mirle Automation

Market Cap: NT$14.2b

Provides automation equipment systems and components in Taiwan, China, and internationally.

Lumax International

Market Cap: NT$11.5b

Trades in electronic components and process control instruments in Taiwan, China, and internationally.

Xxentria Technology Materials

Market Cap: NT$8.5b

Manufactures and sells steel composite materials in the United States, Asia, and internationally.

Radbon Electronics

Market Cap: NT$8.3b

Engages in providing integrated cable and electromechanical assembly solutions for the defense and aerospace sectors.

Hsin Yung Chien

Market Cap: NT$6.9b

Manufactures and sells rubber conveyor belts in Taiwan and internationally.

China Ecotek

Market Cap: NT$6.5b

Provides planning, design, installation, maintenance, and environmental impact assessment services for environmental protection engineering, cogeneration engineering, and steel industry in Taiwan.

Sinmag Equipment

Market Cap: NT$6.3b

Engages in the manufacturing, research and development, sale, and after services in the bakery and kitchen equipment field in Taiwan, China, and the United States.

Yuan Jen EnterprisesLtd

Market Cap: NT$5.5b

Operates as a petrochemical trading company.

Champion Building MaterialsLtd

Market Cap: NT$3.2b

Champion Building Materials Co., Ltd., together with its subsidiaries, manufactures and markets ceramics, ceramic products, stone products, fire-resistant materials, and other chemical products.

Ablerex Electronics

Market Cap: NT$3.1b

Manufactures and sells uninterruptible power supplies (UPS) and power quality devices for use in industrial and informatics applications in Taiwan and internationally.

Kaulin Mfg

Market Cap: NT$2.4b

Engages in the manufacture, assembly, and sale of various industrial sewing machines and related components in Taiwan, China, India, Japan, Asia, Latin America, and internationally.

Sun Brothers Development

Market Cap: NT$2.1b

Develops, constructs, leases, and sells residential, commercial, and industrial buildings in Taiwan.

Grand-Tek Technology

Market Cap: NT$1.8b

Designs, manufactures, and sells high-frequency connection lines and wireless communication integration subsystems in Taiwan, the Netherlands, the United States, the United Kingdom, China, and internationally.

Chen Nan Iron WireLtd

Market Cap: NT$1.7b

Manufactures and exports various kinds of fasteners and steel wires in Taiwan.

MARTAS Precision SlideLtd

Market Cap: NT$1.2b

Manufactures ball bearing slides for various applications in Asia.

Honyi International

Market Cap: NT$759.5m

Designs, develops, and manufactures mold products in Taiwan, Asia, North America, South America, and Europe.