President Chain Store Corporation (2912) Dips -1.05% on Nov 15

November 15, 2017 - By Peter Erickson

Shares of President Chain Store Corporation (TPE:2912) last traded at 282.5, representing a move of -1.05%, or -3 per share, on volume of 310,000 shares. After opening the trading day at 287, shares of President Chain Store Corporation traded in a close range. President Chain Store Corporation currently has a total float of 1.04B shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 222.5 and high of 290.

TAIEX: Making A Name For Itself

Taiwan cannot simply be underestimated and put in the shadow of China, the biggest economy in Asia. It has an identity of its own as it transforms into an emerging country with an excellent corporate governance shaping its own trade and commerce environment. In short, Taiwan is one of Asia’s leading nations full of promising potentials. All the companies in its index list as President Chain Store Corporation see this potential.

History of the Taiwanese Equity Market

The Taiwan Stock Exchange (TWSE) was established on October 23, 1961, with formal operations launching on February 9, 1962. Currently operated by the TWSE Corp., it is governed by the nation’s Financial Supervisory Commission.

Taiwan is home to some of the most influential companies in the world such as the Taiwan Semiconductor Manufacturing (TSMC), Hon Hai Precision Industry, among others. As local companies with significant global ties, the TSMC and Hon Hai Precision Industry alone make up a huge portion of the TWSE.

The pre-market trading on the TWSE opens at 7:40 a.m. and closed at 8:40 a.m. Then, the regular trading opens at 9:00 a.m. and closes at 1:45 p.m. There is also a one-hour post-market trading that opens at 2:00 p.m. and closes at 3:00 p.m. President Chain Store Corporation prefers to stay present there daily.

The Taiwan Capitalization-Weighted Stock Index (TAIEX) is the benchmark Taiwanese index. As a market-capitalization-weighted index, it weighs all the companies listed on the TWSE based on market valuation using the base value of 100. The base date for this is 1966 but the TAIEX was not officially published until 1967.

Not all companies listed on the TWSE can be included in the TAIEX. They can only be eligible for inclusion as long as they have been listed on the TWSE for at least a month; they are not preferred stocks; and they are not full-delivery stocks. Given its broad nature, the TAIEX provides a meaningful representation of the current situation of the Taiwanese economy.

Significant Milestones

As of December 31, 2013, the TWSE has an overall market capitalization of over NT$24.50 million, with over 800 companies listed on it.

In 2000, the TAIEX had posted its all-time high of 10,202.20; and a year later, it had posted its all-time low of 3,446.26.

The TAIEX had attained its all-time high primarily due to the strong recovery of the Taiwanese economy from a depressing turmoil, which had been caused by an earthquake in 1999. Meanwhile, its all-time low had been mainly driven by the series of terrorists attacks in the US on September 11, 2001. The tragedy had a huge impact on the global economy and not just on the US economy. Taiwan, for example, had suffered primarily in the export industry.

As aforementioned, Taiwan has endless potentials to grow as a powerful Asian nation. And President Chain Store Corporation shares feel it. That being said, those who bet on its growth prospects as early as now are basically leveraging their own growth opportunities. The success of the TWSE through the years speaks of itself, which is why it is ideal for investors to trade on the TWSE today.

More recent President Chain Store Corporation (TPE:2912) news were published by: Businesswire.com which released: “Starbucks to Acquire Remaining Shares of East China Joint Venture and Operate …” on July 27, 2017. Also Forbes.com published the news titled: “Starbucks Doubles Down On China, Targets 5000 Stores By 2021” on July 28, 2017. Money.Cnn.com‘s news article titled: “Starbucks bets big on China” with publication date: July 27, 2017 was also an interesting one.

PRESIDENT CHAIN STORE CORPORATION is principally engaged in the operation of regular chain convenience stores. The company has market cap of $293.69 billion. The Firm operates regular chain convenience stores named 7-ELEVEN, which deal with soft drinks products, food and magazines, among others. It has a 27.75 P/E ratio. The Firm is also involved in the provision of logistics services, operation and distribution of daily-used food products with the brand named 7-SELECT, as well as coffee products with the brand named CITY CAFE.

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