GEMWeekly (28 Jul 2023): South Korea GDP; Alibaba, Samsung SDI, Tencent, TSMC, Ant, Meituan
The Global Emerging Markets Weekly provides a summary of the key news and related developments impacting the largest countries and constituents of...
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United Microelectronics: Underperform; Exposed to China Competition Avoiding Tech Restrictions
We are concerned by UMC’s high exposure to more mature technology nodes, limited exposure to AI, and vulnerability to China competition forced to...
305 Views
China Technology – Implications of TSMC 2Q23: Slower 3Q and China Recovery
TSMC unveiled an in-line 2Q23 results but guided slow 3Q recovery due to longer inventory correction and China weakness despite stronger AI demand.
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TSMC: 2023 Guidance Reduction Excuse To Take Profit? Guidance Also Affirmed Long-Term Bullishness
Results beat Street expectations and management maintained its long-term gross margin guidance of 53%+, which implies the company maintaining a...
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The Weekly Market Monitor (29) - The Moment of Truth?
The US labor market remains uncomfortably tight, keeping bond yields high, providing massive pressure on overvalued Big Tech stocks to deliver on...
281 Views