Managing Director, Zero One, Zero One

Vincent Fernando, CFA

20 years of experience researching capital markets in Asia and the USA.

Managing Director, Zero One

TSMC (2330.TT) Posted Record Profits, But Our Model Flashes "OVERBOUGHT": Should You Wait to Invest?

BAC - Almost All of Net Profit Delta YoY Is Core Income, with Strong Corporate Lending in QoQ

Taiwan Tech Weekly: UMC Results Ahead; Nvidia & TSMC Partner for Silicon Photonics Technology

Taiwan Dual-Listings Monitor: TSMC Premium Near All-Time Highs; CHT Rare Discount Level

Taiwan Tech Weekly: Leaked Mediatek Specs Spur Talk Of "Qualcomm Killer"'; TSMC on Track in Arizona

Taiwan Tech Weekly: TSMC Results; Earnings Preview; Delta Thailand Convertible

NVIDIA's >5x YoY "Singapore" Revenue Growth Is A Red Flag

Japan Banks - Near End of Negative Rates BOJ, Deposits with BOJ to See Big Yield Rise, Not Only JGBs

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

Equity Bottom-Up

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

Taiwan Semiconductor (TSMC) - ADR (TSM US)

<ul>
<li>TSMC 4Q24 Gross Margin Comes In At High End of Range; Profit +57% YoY</li>
<li>TSMC's Latest Strong Capex Guidance is Good News for Industry Sentiment</li>
<li>Long-Term Gross Margins -- Will Recently High Gross Margins Become a "New Normal"?</li>
</ul>


TSMC 4Q24 Gross Margin Comes In At High End of Range; Profit +57% YoY
TSMC's Latest Strong Capex Guidance is Good News for Industry Sentiment
Long-Term Gross Margins -- Will Recently High Gross Margins Become a "New Normal"?


TSMC 4Q24 Results Signal Multi-Year Market Share Gains; Margin Strength; Sustainable Industry Growth