Tai Tung Communication Co Ltd (8011) Is Yet to See Trading Action on Oct 16

October 16, 2017 - By wolcottdaily

Shares of Tai Tung Communication Co Ltd (TPE:8011) closed at 21.2 yesterday. Tai Tung Communication Co Ltd currently has a total float of 118.62 million shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 15.85 and high of 28.05.

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 Tai Tung Communication Co Ltd 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. Tai Tung Communication Co Ltd 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 Tai Tung Communication Co Ltd 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 important recent Tai Tung Communication Co Ltd (TPE:8011) news were published by: Bloomberg.com which released: “Chow Tai Fook Enterprises Eyes $4 Billion Vietnam Casino” on December 01, 2014, also Bloomberg.com published article titled: “This Harvard Grad Is Heir to the World’s Largest Jewelry Empire”, Nature.com published: “respiration in people with Miltenberger erythrocyte phenotype GP.Mur” on May 22, 2015. More interesting news about Tai Tung Communication Co Ltd (TPE:8011) was released by: Theguardian.com and their article: “Popsicles of pollution: ice lollies highlight Taiwan’s contaminated waterways” with publication date: September 01, 2017.

TAI TUNG COMMUNICATION CO., LTD. is a Taiwan firm principally engaged in the manufacturing and sales of telecommunication equipment and cables. The company has market cap of $2.51 billion. The Company’s primary products include optical cables, optical fibers and related components, telecommunication transmission cables, power transmission cables and others. It has a 20.72 P/E ratio. The Company’s products are mainly used in communication, network, mobile phone and other industries.