New Focus Auto Tech Holdings Limited (9106) Is Yet to See Trading Action on Aug 24

August 24, 2017 - By Nellie Frank

Shares of New Focus Auto Tech Holdings Limited (TPE:9106) closed at 0.8 yesterday. New Focus Auto Tech Holdings Limited currently has a total float of 4.58B shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 0.68 and high of 2.91.

TWSE: Giving Taiwan A Global Identity

Taiwan is one of the fastest-growing countries in Asia in terms of economic prospects. Its trade and commerce industry plays an important role in the continuous success of the broader Asian trade and commerce environment. Active trades is one of the main subject of New Focus Auto Tech Holdings Limited interest there. The country’s compelling corporate governance is what makes Asia the great region that it is today.

The Stock Exchange

The Taiwan Stock Exchange (TWSE) is the primary stock exchange in Taiwan that was founded on October 23, 1961. However, the official operations did not begin until February 9, 1962. The TWSE is owned by the TWSE Corp. and is regulated under the country’s Financial Supervisory Commission.

As of December 31, 2013, there are more than 800 companies listed on the TWSE, bringing its overall market capitalization to NT$24.52 million. And New Focus Auto Tech Holdings Limited is one of them.

The TWSE is composed of various sectors but the technology industry appears to be thriving the most. Taiwan is home to some of the biggest electronics contract manufacturers worldwide such as the Hon Hai Precision Industry and Taiwan Semiconductor Manufacturing (TSMC).

Pre-market trading on the TWSE begins at 7:40 a.m. and lasts for an hour, ending at 8:40 a.m. It is then followed by regular trading that begins at 9:00 a.m. and lasts for four hours and 45 minutes, ending at 1:45 p.m. Lastly, post-market trading begins at 2:00 p.m. and lasts fot an hour, ending at 3:00 p.m.

The Index

The Taiwan Capitalization-Weighted Stock Index (TAIEX) is the benchmark index in Taiwan. It tracks all the stocks listed on the TWSE with the exception of full-delivery stocks, preferred stocks, and those that have not been listed for at least one calendar month. Consequently, the TAIEX is a strong indicator of the health of the Taiwanese economy.

While the TAIEX had first been published in 1967, its base value of 100 points has a base date of 1966.

The TAIEX has an all-time high of 10,202.20 points, which was last seen in 2000. The surge during that time was primarily driven by the gradual recovery of the Taiwanese economy after suffering from a significant meltdown caused by the earthquake that had hit Taiwan in 1999.

On the other hand, its all-time low of 3,446.26 points was last seen in 2001. The TAIEX had dipped to that level a month after the terrorist attacks in the US, a tragedy commonly known as 9/11. The bombing of the twin towers had led to a widespread panic among investors that rippled all over the world. As for Taiwan, its export industry had largely been affected. New Focus Auto Tech Holdings Limited did not spread the panic.

Asia is widely expected to make up roughly 26% of the global financial wealth by 2019. With Taiwan carrying out its own growth potentials, it is one of the biggest contributors to this prospective feat. This is why the TWSE is one of the most interesting equity markets today. Investments will surely lead to valuable returns, an important consideration for short-term and long-term investors alike.

More notable recent New Focus Auto Tech Holdings Limited (TPE:9106) news were published by: Prnewswire.com which released: “Euro Tech Holdings Company Limited Reports 2016 Year-End Results” on April 26, 2017, also Prnewswire.com with their article: “Exploration Hong Kong Holdings Limited New Online Presence” published on November 03, 2016, Reuters.com published: “BRIEF-China Harmony New Energy Auto Holding expects to record a net loss …” on March 20, 2017. More interesting news about New Focus Auto Tech Holdings Limited (TPE:9106) were released by: Bloomberg.com and their article: “AIG to Sell Chile, Turkey Units to Watsa as CEO Limits Focus” published on October 18, 2016 as well as Crainsdetroit.com‘s news article titled: “Delphi to spin off powertrain division to focus on EVs, autonomous driving” with publication date: May 03, 2017.

New Focus Auto Tech Holdings Limited is a Hong Kong investment holding firm principally engaged in the provision of auto aftermarkets services. The company has market cap of $5.12 billion. The Firm operates through three divisions. It currently has negative earnings. The Manufacture segment is engaged in the manufacture and sales of automobile accessories, such as automotive lighting products and automotive electronic power products, among others.