Tracking developments across tech supply chains, Tech Supply Chain Tracker

Tech Supply Chain Tracker

Tracking developments across tech supply chains

Equity Bottom-Up

ASE Technology Holding   / Equity Bottom-Up

<ul><li>CoWoS packaging meets global demand for advanced technology, with efficient design for integration.</li><li>Taiwan reveals breakthrough in tiny quantum computer technology, impacting the tech industry.</li><li>LGES secures multi-billion deal with Mercedes-Benz for EV batteries, boosting electric vehicle industry.</li></ul>

CoWoS packaging meets global demand for advanced technology, with efficient design for integration.Taiwan reveals breakthrough in tiny quantum computer technology, impacting the tech industry.LGES secures multi-billion deal with Mercedes-Benz for EV batteries, boosting electric vehicle industry.

Tech Supply Chain Tracker (18-Oct-2024): CoWoS packaging global capacity

Managing Director, Zero One, Zero One

Vincent Fernando, CFA

Managing Director, Zero One

Zero One

Founded in 2015, Zero One produces independent investment research and provides corporate finance advisory services with a focus on both listed and private technology companies. Founder Vincent Fernando has over 20 years of experience in US and Asia capital markets.

Independent Investment Research

Taiwan Semiconductor (TSMC) - ADR / Equity Bottom-Up

<ul>
<li>TSMC Delivers Strong 3Q24 Revenue and Margin Growth; Margin Guidance Climbs</li>
<li>Management Says Believes AI Demand is Not Hyped... Companies Extracting ROIs</li>
<li>TSMC – Structural Long Rating Maintained; NT$1,515 Price Target Suggests 46% Upside</li>
</ul>


TSMC Delivers Strong 3Q24 Revenue and Margin Growth; Margin Guidance Climbs
Management Says Believes AI Demand is Not Hyped... Companies Extracting ROIs
TSMC – Structural Long Rating Maintained; NT$1,515 Price Target Suggests 46% Upside


TSMC 3Q24: Capex & Margin Guidance Remains Strong; Explains Why AI Demand Not Overhyped; Stay Long

<ul>
<li>TSMC: +15.6% Premium; Relatively Aggressive Trade is to Long Premium</li>
<li>ASE: -3.0% Discount; Good Level to Go Long the Premium</li>
<li>CHT: -2.8% Discount; Good Level to Go Long the Premium</li>
</ul>


TSMC: +15.6% Premium; Relatively Aggressive Trade is to Long Premium
ASE: -3.0% Discount; Good Level to Go Long the Premium
CHT: -2.8% Discount; Good Level to Go Long the Premium


Taiwan Dual-Listings Monitor: TSMC Premium Holding Up; ASE & CHT See Sharp Drops

Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Quantitative Analysis

<ul>
<li>We analyzed the changes in foreign holdings of TWSE Stocks as of Oct 11th which has an aggregated holding worth USD1,014.8bn.</li>
<li>We estimate that foreign flows to be inflows of USD1,158mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.</li>
<li>We highlight changes of foreign holdings in TSMC, Fubon Financial, Quanta Computer, Wistron.</li>
</ul>


We analyzed the changes in foreign holdings of TWSE Stocks as of Oct 11th which has an aggregated holding worth USD1,014.8bn.
We estimate that foreign flows to be inflows of USD1,158mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.
We highlight changes of foreign holdings in TSMC, Fubon Financial, Quanta Computer, Wistron.


TWSE Foreign Holding Weekly (Oct 11th): TSMC, Fubon Financial, Quanta Computer, Wistron

<ul>
<li>We analyzed the changes in short interest of TWSE Stocks as of Oct 11th which has an aggregated short interest worth USD20.2bn.</li>
<li>We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Hon Hai Precision Industry, Global Unichip, Via Technologies, Wan Hai Lines, Taiwan Cement, Shin Kong Financial.</li>
</ul>


We analyzed the changes in short interest of TWSE Stocks as of Oct 11th which has an aggregated short interest worth USD20.2bn.
We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Hon Hai Precision Industry, Global Unichip, Via Technologies, Wan Hai Lines, Taiwan Cement, Shin Kong Financial.


TWSE Short Interest Weekly (Oct 11th): Hon Hai Precision Industry, Global Unichip, Via Technologies

Taiwan

Taiwan Semiconductor Manufacturing Company, Ltd. manufactures and markets integrated circuits. The Company provides the following services: wafer manufacturing, wafer probing, assembly and testing, mask production, and design services. TSMC's ICs are used in computer, communication, consumer electronics, automotive, and industrial equipment industries.

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Taiwan Semiconductor (TSMC) (2330 TT)

Tech Supply Chain Tracker (18-Oct-2024): CoWoS packaging global capacity

Taiwan's technological advancements in quantum computing, electric vehicles, and AI servers present promising opportunities for growth and...

Tech Supply Chain Tracker

TSMC 3Q24: Capex & Margin Guidance Remains Strong; Explains Why AI Demand Not Overhyped; Stay Long

TSMC reports strong revenue and margin growth in 3Q24, with belief in sustainable AI demand and maintaining a positive long-term outlook.

Vincent Fernando, CFA

Taiwan Dual-Listings Monitor: TSMC Premium Holding Up; ASE & CHT See Sharp Drops

We analyze the premium and discount levels of dual-listed Taiwan companies, suggesting potential spread trading levels based on historical trends.

Vincent Fernando, CFA

TWSE Foreign Holding Weekly (Oct 11th): TSMC, Fubon Financial, Quanta Computer, Wistron

We analyzed TWSE foreign holding data for the past week and highlighted foreign holding changes in TSMC, Fubon Financial, Quanta Computer, Wistron.

Ke Yan, CFA, FRM

TWSE Short Interest Weekly (Oct 11th): Hon Hai Precision Industry, Global Unichip, Via Technologies

We analyzed TWSE short interest report for the past week and highlighted short interest changes in Hon Hai Precision Industry, Global Unichip, Via...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Tech Supply Chain Tracker (18-Oct-2024): CoWoS packaging global capacity

Taiwan's technological advancements in quantum computing, electric vehicles, and AI servers present promising opportunities for growth and...

Tech Supply Chain Tracker

TSMC 3Q24: Capex & Margin Guidance Remains Strong; Explains Why AI Demand Not Overhyped; Stay Long

​TSMC reports strong revenue and margin growth in 3Q24, with belief in sustainable AI demand and maintaining a positive long-term outlook.

Vincent Fernando, CFA

Taiwan Dual-Listings Monitor: TSMC Premium Holding Up; ASE & CHT See Sharp Drops

We analyze the premium and discount levels of dual-listed Taiwan companies, suggesting potential spread trading levels based on historical trends.

Vincent Fernando, CFA

TWSE Foreign Holding Weekly (Oct 11th): TSMC, Fubon Financial, Quanta Computer, Wistron

We analyzed TWSE foreign holding data for the past week and highlighted foreign holding changes in TSMC, Fubon Financial, Quanta Computer, Wistron.

Ke Yan, CFA, FRM

TWSE Short Interest Weekly (Oct 11th): Hon Hai Precision Industry, Global Unichip, Via Technologies

We analyzed TWSE short interest report for the past week and highlighted short interest changes in Hon Hai Precision Industry, Global Unichip, Via...

Ke Yan, CFA, FRM

TSMC reports strong revenue and margin growth in 3Q24, with belief in sustainable AI demand and maintaining a positive long-term outlook.