Taiwanese Materials Undervalued over 20% based on DCF

Nan Pao Resins Chemical

Market Cap: NT$37.1b

Engages in the manufacturing, wholesale, and retail sale of synthetic resins and plastics, adhesives, resin coatings, dyes, and pigments in Taiwan, rest of Asia, Oceania, Europe, Africa, and America.

Daxin Materials

Market Cap: NT$36.7b

Engages in the research, development, production, and sale of display and key raw materials, and semiconductor specialty chemicals in Taiwan, China, and internationally.

Sinon

Market Cap: NT$18.3b

Manufactures and sells various chemicals and fertilizers.

San Fu Chemical

Market Cap: NT$13.9b

Manufactures and sells various chemical products in Taiwan.

Sesoda

Market Cap: NT$10.4b

Manufactures and markets sulfate of potash (SOP) in Taiwan.

Double Bond Chemical Ind

Market Cap: NT$10.4b

Manufactures and sells fine chemicals with focus on the polymer and UV-coating industries in Taiwan and internationally.

Yem Chio

Market Cap: NT$8.9b

Engages in manufacture, processing, and sale of packaging materials in Taiwan and internationally.

Johnson Fine Chemical

Market Cap: NT$8.6b

Manufactures and supplies amine-based and isocyanate-based hardenders/curing agents for use in casting, adhesive, sealant, and elastomer fields.

Formosan Rubber Group

Market Cap: NT$7.7b

Manufactures and sells rubber and plastic sheets, plastic foam, resin sheets, and related materials.

Mayer Steel Pipe

Market Cap: NT$6.6b

Engages in production and sales of black steel and galvanized steel pipes, and stainless-steel coils for pipes in Taiwan.

Sheng Yu Steel

Market Cap: NT$6.5b

Manufactures, processes, and sells steel coils in Taiwan, the rest of Asia, Europe, the United States, and internationally.

Univacco Technology

Market Cap: NT$4.2b

Operates in the stamping foil industry under the UNIVACCO brand in Taiwan and internationally.

Kingcan Holdings

Market Cap: NT$2.7b

Engages in the research, development, manufacture, and sale of various metal packaging containers and filling and canning in China and internationally.

Huikwang

Market Cap: NT$2.4b

Engages in the manufacture, processing, packaging, and trading of various pesticides, fertilizers, and public health pesticides.

Sentien Printing Factory

Market Cap: NT$1.3b

Manufactures and sells heat transfer, insert mold, and in-mold labels and release foils in Taiwan, Mainland China, Indonesia, Vietnam, and internationally.

Taihan Precision Technology

Market Cap: NT$1.1b

Engages in the design, development, manufacture, and sale of precision plastic injection molding, coating, and component assembling solutions in Taiwan, China, Vietnam, and Philippines.