Nan Ya Plastics Corp (1303) Is Yet to See Trading Action on Nov 24

November 24, 2017 - By Vivian Park

Shares of Nan Ya Plastics Corp (TPE:1303) closed at 75.5 yesterday. Nan Ya Plastics Corp currently has a total float of 7.93 billion shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 66 and high of 80.2.

Taiwan Capitalization Weighted Stock Index (TAIEX) Driving Taiwan Economy

Taiwan Capitalization Weighted Stock Index (TAIEX), Taiwan Weighted Index for short, is the stock index for all the companies listed on Taiwan Stock Exchange (TWSE). The index was published in 1967 for the first time, though its base value of 100 points was set a year earlier. Nan Ya Plastics Corp quickly jumped inside it. TAIEX is a benchmark for Taiwanese stocks.

TAIEX rose to a lifetime high of 10202.20 points in 2000 as Taiwanese stocks showed steady recovery from a devastating earthquake that struck the country a year earlier. However, TAIEX sank to a lifetime low of 3446.26 points in October 2001. The index fell to a record low around the time the world was still grappling with the shock of a terror attack on the U.S., commonly known as 9/11. Markets worried about Taiwan’s export economy.

TWSE, which has the stocks tracked by TAIEX, was created in 1961 as the primary stock exchange platform for Taiwanese companies. But the market began formal operations in 1962. The stock market, which has more than 800 listed companies, is regulated under Taiwan’s Financial Supervisory Commission. And Nan Ya Plastics Corp is one of them.

Trading hours in Taiwan stock market

TWSE opens for pre-market trading at 7.40 a.m. and the session lasts one hour, thus ending at 8.40 a.m. The Regular trading session on TWSE begins at 9.00 a.m. and runs until 13.45 p.m. TWSE has a post-market session that begins at 14.00 p.m. and runs through 15.00 p.m. The aftermarket session is characterized by fixed prices.

TWSE operates all weekdays but remains closed on weekends. The stock market also closes for holidays, but such closings are communicated to brokers in advance.

Prominent companies on TWSE

Hon Hai Precision Industry, fondly known as Foxconn, is a contract manufacturer for many global electronics companies such as Apple. Foxconn is one of the largest companies by market capitalization on TWSE. The company is also the world’s top contract electronics manufacturer and one of the world’s largest information technology companies by revenue. Foxconn employs more than a million people. Another example of TWSE companies is Nan Ya Plastics Corp.

Taiwan Semiconductor Manufacturing (TSMC) is another large company listed on TWSE. The company designs and manufactures semiconductors, mostly operating as a contract manufacturer serving overseas customers.

Taiwan’s economy and prospects

Taiwan has a thriving industrial economy and export trade. The country’s high-tech industry serves the global market as contract manufacturers of products such as computers and smartphones as well as components used in such electronic devices. As such, an expanding global consumer electronics market feeds Taiwan’s economic because it means more business and profit for its foundry industry.

Taiwanese stocks are among the sought-after equities in Asia as domestic and foreign investors discover the strong earnings power of Taiwanese companies coupled with the high dividends they pay. Lately, retail investors have been betting on Taiwan’s growth prospects shown by expanding well-off population that is driving consumer spending in the economy and creating conducive growth environment for domestic companies.

Efforts by Taiwanese authorities to improve corporate governance standard as a way to attract foreign direct investment into the economy is providing investor pull to Taiwan stocks. Traders noticed positive changes working with Nan Ya Plastics Corp at the market. Taiwan’s high rankings on press freedom, economic freedom, human development and healthcare are other reasons investors are attracted to its stocks.

More recent Nan Ya Plastics Corp (TPE:1303) news were published by: Prnewswire.com which released: “US Polyester Producers Applaud US Department of Commerce’s Affirmative …” on November 01, 2017. Also Prnewswire.com published the news titled: “US Plastics Producers Applaud US International Trade Commission’s Affirmative …” on November 08, 2017. Plasticsnews.com‘s news article titled: “Materials markets expect reduced supplies after Harvey” with publication date: September 01, 2017 was also an interesting one.

NAN YA PLASTICS CORPORATION is a Taiwan firm principally engaged in the manufacture and sales of plastic products, electronic products and polyester products. The company has market cap of $598.78 billion. The Company’s plastic processed products include soft plastic fabrics, rubber products, film products, rigid tubes, sound-absorbing materials, iridescent paper, polypropylene synthetic paper and polyvinyl chloride (PVC) plastic pellets. It has a 9.47 P/E ratio. The Company’s plastic raw material products include ethylene glycol, propylene glycol and isocaprylic acid.

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