Daily Brief TMT/Internet: Taiwan Semiconductor (TSMC) – ADR, Alibaba (ADR), Chipmos Technologies, Asia Vital Components and more

• TSMC: +17.3% Premium, High Double Digit Level Persisting Since CNY
• UMC: -1.5% Discount, We Believe Spread Biased to Go Positive
• ChipMOS: +0.6% Premium, Collapsed from +4.6%. Now Within Typical Range.

• Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
• On the IPO front, we looked at Trial Holdings (5882 JP) refiling and Xiaocaiyuan International Holding .
• For placements, it was an action packed week in India, again, with Australia joining in as well.

• ChipMOS Margin Rebound Sputters, Guidance Implies Margins Could Remain Under Pressure
• Valuation Appears Precarious In Light of Latest Results and Guidance
• Valuation Appears Precarious In Light of Latest Results and Guidance

Key points

• AI is a rapidly growing trend in the global market, with Taiwanese manufacturer AVC experiencing significant growth in their stock value.
• AVC has shown strong financial performance in recent years, with impressive average revenue and margin metrics.
• The company is expected to continue its growth trend in 2023, with higher margins than historical averages, as the impact of technology and COVID has been beneficial for AVC.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.