Tong-Tai Machine Tool Co., Ltd (4526) Is Yet to See Trading Action on Aug 25
Shares of Tong-Tai Machine Tool Co., Ltd (TPE:4526) closed at 20.55 yesterday. Tong-Tai Machine Tool Co., Ltd currently has a total float of 254.83 million shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 20 and high of 23.7.
TAIEX: A Proof Of Taiwan’s Economic Prowess
Asian nations do not just take pride in rich culture and heritage. They are also known as global leaders when it comes to building their respective economies. Because of their respective prospects and collective efforts, Asia is largely expected to represent more than 25% of the global financial wealth by 2019. One of the region’s key players is Taiwan. Being inside TAIEX list brings a lot of benefits for Tong-Tai Machine Tool Co., Ltd.
In Taiwan, there is a competitive borrowing environment that is widely appealing to investors. The nation also boasts with excellent corporate governance, which all investors look for when entering foreign equity markets. A living proof of these characteristics simply lies in a healthy equity market. The markets itself and good liquidity provides Tong-Tai Machine Tool Co., Ltd new investors.
Taiwan Stock Exchange (TWSE)
The main stock exchange of Taiwan is the TWSE. While it had been established on October 23, 1961, the TWSE only began operations formally on February 9, 1962. It is a regulated stock exchange under the Financial Supervisory Commission of Taiwan and is owned by the TWSE Corp.
More than 800 companies are publicly traded on the TWSE, as of December 31, 2013. Consequently, it has a total market capitalization of nearly NT$25 million.
The pre-market session on the TWSE begins at 7:40 a.m. and concludes at 8:40 a.m. The regular session begins at 9:00 a.m. and concludes at 1:45 p.m. Lastly, the post market session begins at 2:00 p.m. and concludes at 3:00 p.m.
Some of the biggest publicly traded companies on the TWSE include Taiwan Semiconductor Manufacturing and Hon Hai Precision Industry. These two make up a big portion of the Taiwanese equity market given their significant global influence. Investors across the world are very interested in companies like Tong-Tai Machine Tool Co., Ltd.
Taiwan Capitalization-Weighted Stock Index (TAIEX)
The TAIEX was first published in 1967. However, its base date go as early as 1966. It measures stocks based on market capitalization and uses 100 points as the base value.
Except for fully-delivered stocks, preferred stocks, and stocks that have not been listed on the TWSE for at least a calendar month, all stocks on the TWSE are included in the TAIEX. Because it has hundreds of components, the TAIEX is a powerful indicator of the strength of the national economy.
In 2000, while the Taiwanese economy was healing from the repercussions brought about by the turmoil caused by the earthquake that had hit the nation in 1999, the TAIEX had touched its all-time high of 10,202.20 points. Shortly after, the World Trade Center (WTC) bombing in the US happened in 2001. The incident had caused a major turmoil in the global economy and not just in the US. As a result, the TAIEX had touched its all-time low of 3,446.26 points. Nonetheless, the TAIEX had been able to withstand the pressure, making the TWSE one of the most successful stock exchanges in the world.
Investing in TWSE stocks is highly recommended for investors nowadays, especially if they are looking for worthwhile assets with promising returns. It is without a doubt that they can enjoy appealing benefits from the growth of the Asian economy.
More news for Tong-Tai Machine Tool Co., Ltd (TPE:4526) were recently published by: Economictimes.Indiatimes.com, which released: “Foxconn boost for ‘Make in India’: Why Taiwan Inc’s growing interests in India …” on August 15, 2015. Prnewswire.com‘s article titled: “Machine Tools Market Research Reports with Global, US and China Forecasts” and published on September 09, 2014 is yet another important article.
TONGTAI MACHINE & TOOL CO., LTD is a Taiwan firm principally engaged in the manufacture and distribution of machines. The company has market cap of $5.24 billion. The Firm provides photoelectric products for the production of flat panel display panels and semiconductors, drilling machines and forming machines for drilling and forming printed circuit board (PCB), special machines for processing high precision components and high-speed PCB drilling, computer numeric control (CNC) lathes for processing high precision metal components, as well as comprehensive cutting machining centers for processing high precision metal components, among others. It currently has negative earnings. The Firm also offers related machinery maintenance services.