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$845.1b

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$537.1b

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.

Yuanta Financial Holding

Market Cap: NT$423.9b

Operates as a financial services company primarily in Taiwan.

Taiwan Mobile

Market Cap: NT$325.1b

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

Hotai MotorLtd

Market Cap: NT$308.1b

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.

Nan Ya Plastics

Market Cap: NT$291.9b

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.

KGI Financial Holding

Market Cap: NT$289.2b

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

Yageo

Market Cap: NT$280.2b

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

E Ink Holdings

Market Cap: NT$277.7b

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

Novatek Microelectronics

Market Cap: NT$267.7b

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.

Lotes

Market Cap: NT$167.3b

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

Nanya Technology

Market Cap: NT$136.2b

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$130.1b

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

China Airlines

Market Cap: NT$127.3b

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

Silergy

Market Cap: NT$126.5b

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

Chung-Hsin Electric and Machinery Manufacturing

Market Cap: NT$82.0b

Chung-Hsin Electric and Machinery Manufacturing Corp.

Getac Holdings

Market Cap: NT$75.7b

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

Fositek

Market Cap: NT$70.3b

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

Sakura DevelopmentLtd

Market Cap: NT$68.2b

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

Auras Technology

Market Cap: NT$67.1b

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$58.0b

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

Evergreen Aviation Technologies

Market Cap: NT$56.6b

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

Yulon Finance

Market Cap: NT$56.2b

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

POYA International

Market Cap: NT$49.5b

Operates a chain of retail stores in Taiwan.

Aerospace Industrial Development

Market Cap: NT$46.2b

Engages in the development, manufacturing, integration, assembly, and testing and verification of aircraft systems and parts in Taiwan and internationally.

Wisdom Marine Lines Limited (Cayman)

Market Cap: NT$46.1b

Provides marine cargo transportation services in Singapore, the Netherlands, Germany, Panama, Switzerland, Denmark, and internationally.

Kinik

Market Cap: NT$44.6b

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

Taiwan FamilyMart

Market Cap: NT$44.4b

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

Chicony Power Technology

Market Cap: NT$44.3b

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

Faraday Technology

Market Cap: NT$40.4b

Operates as a fabless ASIC/SoC and silicon intellectual property (IP) provider in China, Taiwan, Japan, the United States, and internationally.

Evergreen International Storage & Transport

Market Cap: NT$40.3b

Provides inland container transport and container terminal operations in Taiwan, America, and internationally.

FuSheng Precision

Market Cap: NT$37.9b

Engages in the golf and sports equipment businesses in Japan, the United States, and internationally.

Merida Industry

Market Cap: NT$32.6b

Manufactures and sells bicycles and components in Taiwan, China, Hong Kong, Japan, and Europe.

Shinkong Insurance

Market Cap: NT$32.2b

Provides property insurance to individuals and corporates in Taiwan.

PixArt Imaging

Market Cap: NT$29.9b

Researches, designs, produces, and sells CMOS image sensors and related ICs in Taiwan, Hong Kong, China, Japan, and internationally.