Pihsiang Machinery MFG Co Ltd (1729) Is Yet to See Trading Action on Nov 1

November 1, 2017 - By Darrin Black

Shares of Pihsiang Machinery MFG Co Ltd (TPE:1729) closed at 17.3 yesterday. Pihsiang Machinery MFG Co Ltd currently has a total float of 184.42 million shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 17.3 and high of 77.4.

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 Pihsiang Machinery MFG Co Ltd 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 Pihsiang Machinery MFG Co Ltd.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 Pihsiang Machinery MFG Co Ltd 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 Pihsiang Machinery MFG Co Ltd. 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 Pihsiang Machinery MFG Co Ltd (TPE:1729) news were published by: Businesswire.com which released: “Research and Markets: Top 100 Medical Devices/Technology/Supplies in Greater …” on April 07, 2015, also Prnewswire.com with their article: “Global Wheelchairs (Powered and Manual) Industry” published on November 02, 2016, Prnewswire.com published: “Taiwan EV Industry Moving from Parts Manufacture into Original Brands” on November 03, 2011. More interesting news about Pihsiang Machinery MFG Co Ltd (TPE:1729) were released by: Prnewswire.com and their article: “Global and China Lithium Iron Phosphate (LiFePO4) and Battery Industry Report …” published on December 23, 2016 as well as Prnewswire.com‘s news article titled: “LiFePO4 Battery Market 2018 Forecasts and China Supercapacitor Industry 2020 …” with publication date: August 14, 2015.

PIHSIANG MACHINERY MFG. CO., LTD. is principally engaged in the research, development, manufacture and distribution of electric scooters and electric wheel chairs. The company has market cap of $3.19 billion. The Firm provides electric power wheel chairs, medical mobility electric scooters including three-wheeled and four-wheeled electric scooters, as well as power assist electric bicycles, among others, for handicapped or elderly people. It currently has negative earnings. It offers its products under brands names of SHOPRIDER and SUNRUNNER.