Alltek Technology Corp. (3209) Plunged -0.65% on Sep 6

September 6, 2017 - By Winifred Garcia

Shares of Alltek Technology Corp. (TPE:3209) last traded at 22.85, representing a move of -0.65%, or -0.15 per share, on volume of 113,000 shares. After opening the trading day at 23, shares of Alltek Technology Corp. traded in a close range. Alltek Technology Corp. currently has a total float of 145.45M shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 22.75 and high of 27.

The Taiwanese Equity Market

In Taiwan, which is home to one of the fastest-growing economies in Asia, the Taiwan Stock Exchange (TWSE) is the primary stock exchange. It is a great possibility for many firms, including Alltek Technology Corp. to earn more clients. On the other hand, the Taiwan Capitalization-Weighted Stock Index (TAIEX) is the benchmark index in the country. Needless to point out, the TAIEX weighs stocks based largely on market capitalization. These two play significant roles in leading Taiwan into becoming one of the most important contributors to the fast-paced and unprecedented growth of the Asian economy.

The TWSE

The TWSE did not exist until October 23, 1961. However, full operations had only started months later on February 9, 1962. Today, it operates with the supervision of the TWSE Corp. under the Financial Supervisory Commission of Taiwan.

Not every company can become the part of TWSE like Alltek Technology Corp..More than 800 stocks are publicly traded on the TWSE, as of December 2013. This brings its total market capitalization to more than NT$24 million.

Taiwan is home to some of the biggest international electronics contract manufacturers, which are listed on the TWSE. These companies include Hon Hai Precision Industry, Taiwan Semiconductor Manufacturing (TSMC), among others. Both Hon Hai Precision Industry and TSMC have collaborations with major international technology companies such as Apple.

The pre-market session on the TWSE lasts for an hour, starting at 7:40 a.m. and ending at 8:40 a.m. The regular session lasts for almost five hours, starting at 9:00 a.m. and ending at 1:45 p.m. Lastly, the post-market session also lasts for an hour, starting at 2:00 p.m. and ending at 3:00 p.m.

The TAIEX

Using the base value of 100 points, the TAIEX tracks all the stocks listed on the TWSE based on market capitalization. Its base date is 1996. All stocks are included except for stocks that have not yet been listed for at least one month, preferred stocks, and full-delivery stocks.

The TAIEX had recorded an all-time low of 3,446.26 in 2001 shortly after the terrorist attack at the World Trade Center (WTC) in US, which had taken the lives of many people. The unfortunate event had led to a global economic meltdown; and Taiwan, as a nation with heavy reliance on exportation, is one of the numerous countries that had been affected the most.

On the other hand, it had recorded an all-time high of 10,202.20 in 2000 as the Taiwanese economy recouped from the financial repercussions of the earthquake that had occurred a year prior. Stocks of Alltek Technology Corp. feel the safety of this market.

Measuring almost 1,000 stocks on the TWSE, the TAIEX is surely a strong indicator of not just the Taiwanese economy but the entire Asian economy as well.

The trade and commerce in Taiwan is flourishing in accordance to the nation’s growth prospects. There is no better way to bet on the growth of the Asian economy than to invest on its stocks. Investors are checking the liquidity of Alltek Technology Corp.. Consequently, it just makes sense for investors to flock the Taiwanese equity market especially at a time when the Taiwanese economy is set on the right track.

More notable recent Alltek Technology Corp. (TPE:3209) news were published by: Reuters.com which released: “ALLTEK TECHNOLOGY to issue 3rd series unsecured convertible corporate bonds worth T$300.9 mln” on August 10, 2017, also Reuters.com with their article: “ALLTEK TECHNOLOGY plans new shares issuance for loan repayment” published on August 10, 2017, Reuters.com published: “Alltek Technology says 2016 dividend record date is Aug. 8” on July 18, 2017. More interesting news about Alltek Technology Corp. (TPE:3209) were released by: Reuters.com and their article: “Alltek Technology announces 2016 dividend payment” published on March 13, 2017 as well as Reuters.com‘s news article titled: “Alltek Technology to pay 2015 dividend on July 28” with publication date: June 28, 2016.

ALLTEK TECHNOLOGY CORP. is principally engaged in the provision of agent sales services for communication semiconductor components. The company has market cap of $3.32 billion. The Company’s offerings include wired broadband components, wireless communication components, optical communication components, voice processing components, communication protection components and others, which are under the brand names of AudioCodes, Bourns, Broadcom, CML, C&S, Diodes, Discera, Etron, Freescale, Hitachi-AIC, IXYS, Mindspeed, Murata, MXIC, PowerOne, PNP Network, Qisda, Ramtron, Seoul, SMSC, Supertex, Sumida, Zarlink and TST, among others. It has a 17.23 P/E ratio.