OPTO Tech Corporation (2340) Declines -0.5% on Nov 15

November 15, 2017 - By Maria Brooks

Shares of OPTO Tech Corporation (TPE:2340) last traded at 20, representing a move of -0.5%, or -0.1 per share, on volume of 1.07M shares. After opening the trading day at 20.15, shares of OPTO Tech Corporation traded in a close range. OPTO Tech Corporation currently has a total float of 440.41M shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 13.05 and high of 23.5.

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 OPTO Tech Corporation 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. OPTO Tech Corporation 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 OPTO Tech Corporation 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 notable recent OPTO Tech Corporation (TPE:2340) news were published by: Ledsmagazine.com which released: “Opto Tech provides LED facade for MGM Grand Macau” on May 08, 2008, also Prnewswire.com with their article: “Global Infrared LED Market Competition Forecast & Opportunities, 2022: Rising …” published on March 31, 2017, Ledsmagazine.com published: “Haichang Optotech’s new generation batten light delivers dimmable linear LED …” on May 28, 2015. More interesting news about OPTO Tech Corporation (TPE:2340) were released by: Barrons.com and their article: “Tech Today: Everspin Falls, Google Q2 on Tap, Debating Nvidia, Applied Opto” published on July 24, 2017 as well as Ledsmagazine.com‘s news article titled: “Haichang Optotech’s LED tube light uses infrared sensors for occupancy detection” with publication date: December 27, 2014.

OPTOTECH CORPORATION is a Taiwan-based firm principally engaged in the manufacture of optoelectronic semiconductor components and related products. The company has market cap of $8.83 billion. The Company’s main products are classified into three categories: light emitting diode components, including LED chips and infrared emitting diode chips; light detecting diode components, including light detecting diode chips, optoelectronic detecting semiconductor chips and high power electronic components, among others, as well as system products, including LED information display screens, LED lighting systems and LED automobile lights. It has a 10.29 P/E ratio. It also provides LED packaging components.

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