Taiwanese Undervalued over 20% based on DCF

Flytech Technology

Market Cap: NT$14.7b

Designs, manufactures, trades in, and sells computers and peripheral equipment in Taiwan.

Kerry TJ Logistics

Market Cap: NT$14.4b

Provides automobile cargo transportation, container transportation, warehousing, and refrigeration delivery services in Taiwan.

Mirle Automation

Market Cap: NT$14.2b

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

Capital Futures

Market Cap: NT$14.2b

Engages in futures brokerage business in Taiwan, rest of Asia, North America, and Europe.

Argosy Research

Market Cap: NT$14.0b

Manufactures and sells of electronic components and connectors in Asia, the United States, and internationally.

San Fu Chemical

Market Cap: NT$13.9b

Manufactures and sells various chemical products in Taiwan.

TCI

Market Cap: NT$13.8b

An original design manufacturer company, engages in the manufacturing, wholesale, and retail of health foods and cosmetics products in Taiwan, Mainland China, the United States, and internationally.

Taiwan Semiconductor

Market Cap: NT$13.8b

Manufactures and sells rectifiers and bar code printers in Asia, the United States, Europe, and internationally.

Huang Hsiang Construction

Market Cap: NT$13.7b

Engages in the development of residential and commercial properties.

Excelsior Medical

Market Cap: NT$13.4b

Sells medical supplies and equipment, medicines, and home medical devices in Taiwan, Hong Kong, China, the Philippines, Malaysia, and Indonesia.

Visco Vision

Market Cap: NT$13.0b

Manufactures and sells silicone hydrogel contact lenses in Asia, Europe, and the Americas.

Johnson Fine Chemical

Market Cap: NT$12.2b

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

Taiwan Fire & Marine Insurance

Market Cap: NT$12.2b

Provides property and casualty insurance products and services in Taiwan.

Great Tree Pharmacy

Market Cap: NT$12.0b

Engages in medicines, health food, maternal and infant products, and cosmetics businesses in Taiwan, Mainland China, and Malaysia.

Lumax International

Market Cap: NT$11.5b

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

J&V Energy Technology

Market Cap: NT$10.9b

Engages in the development, investment, maintenance, and management of renewable energy plants in Taiwan.

Test-Rite International

Market Cap: NT$10.2b

Imports and exports hand tools, auto parts, machinery, furniture, and other home appliances in the United States of America, Canada, Great Britain, France, Germany, and Australia.

ADDCN Technology

Market Cap: NT$10.1b

Operates online trading platforms in Taiwan and internationally.

Taiwan Optical Platform

Market Cap: NT$9.9b

Operates as a channel copyright agency for cable TV systems in Taiwan.

Sesoda

Market Cap: NT$9.8b

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

Cashbox Partyworld

Market Cap: NT$9.6b

Engages in the provision of audio-visual equipment for singing in Taiwan.

Advanced International Multitech

Market Cap: NT$9.6b

Advanced International Multitech Co., Ltd.

Taisun Enterprise

Market Cap: NT$9.4b

Engages in the processing, manufacturing, wholesaling, and retailing of oil, food and beverages, fodder, and soybean flour products in Taiwan.

CHT Security

Market Cap: NT$9.3b

Provides telco-centric network security and cyber security services in Taiwan.

HwaCom Systems

Market Cap: NT$9.2b

Provides digital media, smart applications, cybersecurity, and information and communication technology solutions in Taiwan and internationally.

TSC Auto ID Technology

Market Cap: NT$8.9b

Engages in the manufacture and service of auto-identification systems/products worldwide.

Radbon Electronics

Market Cap: NT$8.9b

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

Bioteque

Market Cap: NT$8.5b

Manufactures and sells medical devices in Asia, South America, North America, and internationally.

Xxentria Technology Materials

Market Cap: NT$8.5b

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

Medeon Biodesign

Market Cap: NT$8.4b

Engages in the research and development, manufacturing, and sale of medical devices in the United States.

Ample Electronic TechnologyLtd

Market Cap: NT$8.2b

Engages in the research, development, design, manufacture, and sale of conductive materials in Taiwan.

Planet Technology

Market Cap: NT$8.0b

Engages in research, development, manufacturing, import, export, and trading of computers and peripheral equipment, internet equipment, and software.

Formosa Oilseed Processing

Market Cap: NT$7.9b

Produces and sells oil, feeds, and flour products in China.

Dimerco Data System

Market Cap: NT$7.8b

Engages in the design, development, and sale of various software products in Taiwan.

Chung Hwa Food Industrial

Market Cap: NT$7.5b

Produces and sells soybean processed food products in Taiwan.

Kwong Lung Enterprise

Market Cap: NT$7.2b

Engages in the manufacture and sale of apparel in Taiwan, China, Vietnam, and Japan.