Global Emerging Market Equities, Propitious Research

Wium Malan, CFA

Global Emerging Market Equities

Independent, Fundamental Quantitative Research

Propitious Research

Fully independent, fundamental and quantitative equity research, focused on companies in the Telecommunication, Media, Technology, Internet and Healthcare sectors in the Global Emerging Markets. Idea generation focused on Quality stocks, trading below their intrinsic Value, with sound Corporate Governance.

Thematic (Sector/Industry)

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<li>The Global Emerging Markets Weekly provides a summary of the key news and related developments impacting the largest countries and constituents of the Global Emerging Markets equity indices.</li>
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<em><strong> Macro data points:</strong></em>Chinese foreign trade and inflation data, Taiwan exports</li>
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<em><strong> Companies mentioned:</strong></em><a href="https://www.smartkarma.com/entities/taiwan-semiconductor-manufacturing-company" target="_blank" data-smartkarma-citation="entities:11230:1" rel="noopener">Taiwan Semiconductor (TSMC) (2330 TT)</a>, <a href="https://www.smartkarma.com/entities/realtek-semiconductor-corp" target="_blank" data-smartkarma-citation="entities:7326:1" rel="noopener">Realtek Semiconductor (2379 TT)</a>, <a href="https://www.smartkarma.com/entities/mediatek-inc" target="_blank" data-smartkarma-citation="entities:772:1" rel="noopener">Mediatek Inc (2454 TT)</a>
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The Global Emerging Markets Weekly provides a summary of the key news and related developments impacting the largest countries and constituents of the Global Emerging Markets equity indices.

 Macro data points:Chinese foreign trade and inflation data, Taiwan exports

 Companies mentioned:Taiwan Semiconductor (TSMC) (2330 TT), Realtek Semiconductor (2379 TT), Mediatek Inc (2454 TT)



GEM Weekly (9 Jun 2023): China and Taiwan Trade, Inflation; TSMC, Realtek, MediaTek

Semiconductor & Technology Specialist, Ingenuity

William Keating

Semiconductor & Technology Specialist

<ul>
<li>WSTS updates global semiconductor FY2023 forecast to reflect a 10% YoY decline</li>
<li>TSMC's May revenue jumps 19.4% MoM reflecting the generative AI-driven surge in orders from NVIDIA</li>
<li>Intel plumbs new depths with a ridiculous IDC SAM analysis</li>
</ul>


WSTS updates global semiconductor FY2023 forecast to reflect a 10% YoY decline
TSMC's May revenue jumps 19.4% MoM reflecting the generative AI-driven surge in orders from NVIDIA
Intel plumbs new depths with a ridiculous IDC SAM analysis


Semiconductor Events Deserving Your Attention @ 10/6/23

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

Taiwan Semiconductor (TSMC) - ADR / Technical Analysis

<ul>
<li>TSMC (ADR) upside gap out of the bull wedge shows conviction to test the 2021 old high zone. Wedge breakouts have a high conviction rate.</li>
<li>Price and RSI pattern breakouts show fresh buy support in the gap zone. Buy volumes are constructive as is backswing support.</li>
<li>Near term dip risk stems from a stall in the US tech sector (RSI stall zone). Intermediate cycle is compelling.</li>
</ul>


TSMC (ADR) upside gap out of the bull wedge shows conviction to test the 2021 old high zone. Wedge breakouts have a high conviction rate.
Price and RSI pattern breakouts show fresh buy support in the gap zone. Buy volumes are constructive as is backswing support.
Near term dip risk stems from a stall in the US tech sector (RSI stall zone). Intermediate cycle is compelling.


TSMC (ADR) Bull Wedge Breakout for New Highs

Smartkarma Research Team, Smartkarma

Smartkarma Research

Smartkarma Research Team

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Bottom-Up

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

<h3>[UPDATE] This webinar has been postponed to the 26th of July due to unforseen circumstances.</h3>
<p><br>In the next installment of our Webinar Wednesdays, we go live with Smartkarma Insight Provider, <a href="https://www.smartkarma.com/profiles/vincent-fernando-cfa-f29d1c28-fc02-4296-afcd-5e900f012d86" target="_blank" data-smartkarma-citation="accounts:6634" rel="noopener">Vincent Fernando, CFA</a>. Vincent will be sharing with us his top picks in the Taiwanese Tech space. From trends in the industry, its opportunities, and insights into his top picks, join us as we hear more from Vincent.</p>
<h3>The webinar will be hosted on Wednesday, 26 July 2023, 17:00 SGT/HKT.</h3>
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<h2><a href="https://share.hsforms.com/1H9pFZOB-RF2J00kbvMmxcw2c5gj?zoom_webinar_id=89582049418" target="_blank" rel="noopener">Register for the Webinar here</a></h2>
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<p><a href="https://www.smartkarma.com/profiles/vincent-fernando-cfa-f29d1c28-fc02-4296-afcd-5e900f012d86" target="_blank" data-smartkarma-citation="accounts:6634" rel="noopener">Vincent Fernando, CFA</a> has 20 years of experience researching capital markets in Asia and the USA. He is currently the Managing Director and founder of Zero One Partners. He has more than 15 years of investment research &amp; capital raising experience working at both boutique firms and larger investment banks such as Citi and Macquarie. He has traveled extensively during his career, having been based in New York, Hong Kong, Thailand, and finally Singapore where he was Director of Equity Research covering Southeast Asia where he originated and marketed multiple investment banking deals.</p>

[UPDATE] This webinar has been postponed to the 26th of July due to unforseen circumstances.
 In the next installment of our Webinar Wednesdays, we go live with Smartkarma Insight Provider, Vincent Fernando, CFA. Vincent will be sharing with us his top picks in the Taiwanese Tech space. From trends in the industry, its opportunities, and insights into his top picks, join us as we hear more from Vincent.
The webinar will be hosted on Wednesday, 26 July 2023, 17:00 SGT/HKT.


























Register for the Webinar here


























Vincent Fernando, CFA has 20 years of experience researching capital markets in Asia and the USA. He is currently the Managing Director and founder of Zero One Partners. He has more than 15 years of investment research &amp; capital raising experience working at both boutique firms and larger investment banks such as Citi and Macquarie. He has traveled extensively during his career, having been based in New York, Hong Kong, Thailand, and finally Singapore where he was Director of Equity Research covering Southeast Asia where he originated and marketed multiple investment banking deals.

Smartkarma Webinar | Top Taiwan Tech Ideas

Managing Director, Zero One, Zero One

Vincent Fernando, CFA

Managing Director, Zero One

<ul>
<li>TSMC reduced capex guidance to the bottom of its guidance range but maintained revenue expectations and still expects substantial growth in 2024E.</li>
<li>Dell, HP, and Qualcomm comments signal an AI-Driven PC refresh cycle ahead and 2024E PC Growth. Windows 11 upgrades could be accelerated as new PC AI applications roll out.</li>
<li>Hon Hai reported that it gained market share globally in 2022, and that it has 40% global market share for servers. Hon Hai's AI servers expected to experience triple-digit growth.</li>
</ul>


TSMC reduced capex guidance to the bottom of its guidance range but maintained revenue expectations and still expects substantial growth in 2024E.
Dell, HP, and Qualcomm comments signal an AI-Driven PC refresh cycle ahead and 2024E PC Growth. Windows 11 upgrades could be accelerated as new PC AI applications roll out.
Hon Hai reported that it gained market share globally in 2022, and that it has 40% global market share for servers. Hon Hai's AI servers expected to experience triple-digit growth.


Taiwan Tech Weekly: TSMC Cuts Capex; Hon Hai AI Servers in Demand; ASE Winning TSMC Orders

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.

Price Gauge
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Taiwan Semiconductor (TSMC) (2330 TT)

GEM Weekly (9 Jun 2023): China and Taiwan Trade, Inflation; TSMC, Realtek, MediaTek

The Global Emerging Markets Weekly provides a summary of the key news and related developments impacting the largest countries and constituents of...

Wium Malan, CFA

Semiconductor Events Deserving Your Attention @ 10/6/23

WSTS updates '23 forecast to reflect a 10% YoY decline in semi sales. TSMC's May revenue +19.4% MoM reflecting AI-driven surge in GPU orders. Intel...

William Keating

TSMC (ADR) Bull Wedge Breakout for New Highs

TSMC (ADR) upside gap out of the bull wedge shows conviction to test the 2021 old high zone. Wedge breakouts are reliable. Price and RSI pattern...

Thomas Schroeder

Smartkarma Webinar | Top Taiwan Tech Ideas

In the next installment of our Webinar Wednesdays, we go live with Smartkarma Insight Provider, Vincent Fernando, as he will shares with us his top...

Smartkarma Research

Taiwan Tech Weekly: TSMC Cuts Capex; Hon Hai AI Servers in Demand; ASE Winning TSMC Orders

Hon Hai reported that it gained market share globally in 2022, and that it has 40% global market share for servers. Hon Hai's AI servers expected...

Vincent Fernando, CFA

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)