Loading, Please wait ...

Taiwan Semiconductor Manufacturing Company Ltd.

Please contact us if you would like to upgrade your account to include access to financial models

Please contact us if you would like to upgrade your account to include short term strategies for this stock.

TSM.N

ISIN: US8740391003
SEDOL: 2113382

Rating:

SELL

Target Price:

6.75 USD

Investment Horizon:

6 to 12 months
30th Apr 2009 View Report   Download

1Q 09 News Alert

Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) reported a significant y-o-y decline in net sales and operating performance in 1Q 09, reflecting a significant fall in semiconductor demand across all applications; but results exceeded Management’s revised guidance and our expectations. Management believes that 2H 09 will experience a strong rebound in orders resulting…

25th Mar 2009 View Report   Download

4Q 08 & FY 2008 Supplement Report

Gartner Inc.’s 25 February 2009 forecast expects semiconductor industry revenues (excluding solar) to decline 24% to 33% in 2009, reflecting a huge decline in semiconductor demand due to current global economic downturn. The foundry segment is expected to underperform the overall semiconductor industry in the year. However, the rush in demand from Mainland China has led to upward revision in Management’s 1Q 09 net sales guidance, with the company later indicating…

10th Mar 2009 View Report   Download

Company News Alert

Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) today revised upwards its net sales, gross and operating margin outlook, citing the positive impact of a favorable exchange rate and boost in orders from Mainland China. Going forward, it is likely that we will revise our estimates upwards to reflect revised Management expectations. However, in view of persistent weakness in the overall global economic scenario we do not…

4th Feb 2009 View Report   Download

4Q 08 & FY 2008 Update Report

CLICK VIEW REPORT TO READ FREE REPORT

Maintaining its belief that the foundry segment will underperform the overall semiconductor industry in 2009, Management now anticipates the industry to experience greater weakness in the year than its previous estimate of a mid to high single-digit y-o-y sales decline. It now expects global semiconductor…

22nd Jan 2009 View Report   Download

4Q 08 News Alert

CLICK VIEW REPORT TO READ FREE REPORT

Taiwan Semiconductor Manufacturing Company Ltd.’s (TSMC) FY 2008 results were in line with our expectations, while 4Q 08 net income exceeded our estimate. Nevertheless, the company is experiencing a greater impact from the ongoing industry downturn than we had previously anticipated and has subsequently guided for a very disappointing 1Q 09. However, TSMC remains a dominant player in the foundry industry and we believe…