Primax Electronics Ltd. (4915) Jumps 0.68% on Nov 19

November 19, 2017 - By Peter Erickson

Shares of Primax Electronics Ltd. (TPE:4915) last traded at 73.5, representing a move of 0.68%, or 0.5 per share, on volume of 1.25 million shares. After opening the trading day at 73.2, shares of Primax Electronics Ltd. traded in a close range. Primax Electronics Ltd. currently has a total float of 445.25M shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 41.9 and high of 82.3.

Taiwan Capitalization Weighted Stock Index (TAIEX) Driving Taiwan Economy

Taiwan Capitalization Weighted Stock Index (TAIEX), Taiwan Weighted Index for short, is the stock index for all the companies listed on Taiwan Stock Exchange (TWSE). The index was published in 1967 for the first time, though its base value of 100 points was set a year earlier. Primax Electronics Ltd. quickly jumped inside it. TAIEX is a benchmark for Taiwanese stocks.

TAIEX rose to a lifetime high of 10202.20 points in 2000 as Taiwanese stocks showed steady recovery from a devastating earthquake that struck the country a year earlier. However, TAIEX sank to a lifetime low of 3446.26 points in October 2001. The index fell to a record low around the time the world was still grappling with the shock of a terror attack on the U.S., commonly known as 9/11. Markets worried about Taiwan’s export economy.

TWSE, which has the stocks tracked by TAIEX, was created in 1961 as the primary stock exchange platform for Taiwanese companies. But the market began formal operations in 1962. The stock market, which has more than 800 listed companies, is regulated under Taiwan’s Financial Supervisory Commission. And Primax Electronics Ltd. is one of them.

Trading hours in Taiwan stock market

TWSE opens for pre-market trading at 7.40 a.m. and the session lasts one hour, thus ending at 8.40 a.m. The Regular trading session on TWSE begins at 9.00 a.m. and runs until 13.45 p.m. TWSE has a post-market session that begins at 14.00 p.m. and runs through 15.00 p.m. The aftermarket session is characterized by fixed prices.

TWSE operates all weekdays but remains closed on weekends. The stock market also closes for holidays, but such closings are communicated to brokers in advance.

Prominent companies on TWSE

Hon Hai Precision Industry, fondly known as Foxconn, is a contract manufacturer for many global electronics companies such as Apple. Foxconn is one of the largest companies by market capitalization on TWSE. The company is also the world’s top contract electronics manufacturer and one of the world’s largest information technology companies by revenue. Foxconn employs more than a million people. Another example of TWSE companies is Primax Electronics Ltd..

Taiwan Semiconductor Manufacturing (TSMC) is another large company listed on TWSE. The company designs and manufactures semiconductors, mostly operating as a contract manufacturer serving overseas customers.

Taiwan’s economy and prospects

Taiwan has a thriving industrial economy and export trade. The country’s high-tech industry serves the global market as contract manufacturers of products such as computers and smartphones as well as components used in such electronic devices. As such, an expanding global consumer electronics market feeds Taiwan’s economic because it means more business and profit for its foundry industry.

Taiwanese stocks are among the sought-after equities in Asia as domestic and foreign investors discover the strong earnings power of Taiwanese companies coupled with the high dividends they pay. Lately, retail investors have been betting on Taiwan’s growth prospects shown by expanding well-off population that is driving consumer spending in the economy and creating conducive growth environment for domestic companies.

Efforts by Taiwanese authorities to improve corporate governance standard as a way to attract foreign direct investment into the economy is providing investor pull to Taiwan stocks. Traders noticed positive changes working with Primax Electronics Ltd. at the market. Taiwan’s high rankings on press freedom, economic freedom, human development and healthcare are other reasons investors are attracted to its stocks.

More notable recent Primax Electronics Ltd. (TPE:4915) news were published by: Marketwatch.com which released: “73.50” on November 20, 2013, also Businesswire.com with their article: “Primax to Buy Majority Stake in Tymphany” published on October 16, 2013, Prnewswire.com published: “QIC Acts as Financial Advisor to H&Q and NewQuest in Placement of Primax …” on May 23, 2014. More interesting news about Primax Electronics Ltd. (TPE:4915) were released by: Foxbusiness.com and their article: “Speakers Activate Stocks — WSJ” published on August 25, 2017 as well as Businesswire.com‘s news article titled: “Market Analysis of Electronic Manufacturing Services Industry in China 2016 …” with publication date: December 22, 2016.

Primax Electronics Ltd. is principally engaged in the manufacture and distribution of computer peripheral products and non-computer peripheral products. The company has market cap of $32.73 billion. The computer peripherals products include mice, keyboards and other computer input devices, laptop touch pads, digital handwriting boards and network camera modules. It has a 15.48 P/E ratio. The non-computer peripheral products include communication peripheral devices, image scanners, printers, multi-function machines, fax machines, sports watches, smart watches and other office automation products.

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