National Aerospace Fasteners Corp (3004) Soared 0.53% on Nov 15

November 15, 2017 - By Marguerite Chambers

Shares of National Aerospace Fasteners Corp (TPE:3004) last traded at 47.2, representing a move of 0.53%, or 0.25 per share, on volume of 99,000 shares. After opening the trading day at 46.85, shares of National Aerospace Fasteners Corp traded in a close range. National Aerospace Fasteners Corp currently has a total float of 52.65M shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 46.1 and high of 54.8.

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 National Aerospace Fasteners Corp 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. National Aerospace Fasteners Corp 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 National Aerospace Fasteners Corp 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 National Aerospace Fasteners Corp (TPE:3004) news were published by: Businesswire.com which released: “Global $10.9 Billion Aerospace Fasteners Market Analysis & Trends – Industry …” on March 24, 2017, also Marketwatch.com with their article: “Aerospace Fasteners Market Forecast 2017-2027” published on March 23, 2017, Globenewswire.com published: “The global aerospace fastener market is expected to reach $6.0 billion by 2021” on January 10, 2017. More interesting news about National Aerospace Fasteners Corp (TPE:3004) were released by: Businesswire.com and their article: “Global Aerospace & Defense C-Class Parts Market 2010-2021 – Research and Markets” published on June 19, 2017 as well as Digitaljournal.com‘s news article titled: “Global Aerospace Fasteners Market 2017 Share, Trend, Segmentation and Forecast …” with publication date: September 15, 2017.

National Aerospace Fasteners Corporation is a Taiwan firm principally engaged in the manufacture and distribution of fasteners. The company has market cap of $2.48 billion. The Company’s primary products include aerospace fasteners, screws and nuts, rivet nuts, brass nuts, turning parts, special fasteners and other products. It has a 13.61 P/E ratio. The Company’s products are mainly used in electronic, communications and aerospace power systems, medical instruments, automobiles, as well as express rail link industries.

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By1 Marguerite Chambers




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