Onano Industrial Corp (6405) Declined -1.21% on Nov 1

November 1, 2017 - By Stephen Andrade

Shares of Onano Industrial Corp (TPE:6405) last traded at 24.5, representing a move of -1.21%, or -0.3 per share, on volume of 28,000 shares. After opening the trading day at 24.6, shares of Onano Industrial Corp traded in a close range. Onano Industrial Corp currently has a total float of 65.80M shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 14.05 and high of 30.

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 Onano Industrial 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 Onano Industrial 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 Onano Industrial 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 Onano Industrial 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.

Another recent and important Onano Industrial Corp (TPE:6405) news was published by Reuters.com which published an article titled: “Onano Industrial announces no dividend payment for 2015” on April 28, 2016.

ONANO INDUSTRIAL CORP. is mainly engaged in the manufacture and sale of photoelectric thinned glass products. The company has market cap of $1.61 billion. The Firm is involved in the thinning processing of thin film transistor liquid crystal display and organic light-emitting diode (OLED) glass substrates, as well as the polishing and coating of glass substrates. It has a 93.52 P/E ratio. The Company’s products are mainly applied in smart mobile phones, digital cameras, tablet personal computers (PCs) and ultra-thin laptops, as well as other mobile devices.