• 295
  • 47
  • 1

TSMC shares rose over 7% in morning trading

Tiger Newspress2022-01-13

TSMC shares rose over 7% in morning trading.On Thursday, the Taiwanese company reported a better-than-expected 16% jump in December-quarter net income to a record NT$166.2 billion ($6 billion). It set a long-term target of at least 53% for gross margins. Sales in the quarter reached NT$438.2 billion, also a record, based on previously released monthly revenue numbers.

The chipmaker is now projecting average sales growth of 15% to 20% annually -- as much as double its previous expectation. It foresees sales of $16.6 billion to $17.2 billion in the first quarter alone, at least 5% ahead of projections.

Those numbers affirm TSMC’s pole position in the market during an unprecedented chip shortage triggered by the pandemic, a deficit that’s walloped the production of cars, mobile phones and game consoles. Asia’s most valuable corporation intends to continue spending heavily to maintain its technological lead over Intel Corp. to Samsung Electronics Co., safeguarding its market share as the growing number of connected devices like cars drive data centers and high-end computing.

What Bloomberg Intelligence Says:

TSMC’s capex plan for 2022 of up to $44 billion looks set to enable it to capture high growth in leading and specialty technology nodes and support its percentage sales-growth target of 15-20% CAGR. Its net cash position of $12 billion, coupled with consistent operating cash flow, appear likely to support its sizable capacity-expansion plan while maintaining its dividend payout. The company has the capacity to take on more debt without hurting its financial metrics significantly.

- Cecilia Chan and Dan Wang, analysts

“The semiconductor industry growth will continue to be fueled by the structural mega trends of 5G and high-performance computing,” Chairman Mark Liu told analysts on a conference call Thursday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment47

  • Justriann
    ·2022-01-19
    👌👍
    Reply
    Report
  • koolgal
    ·2022-01-17
    TSMC is on a roll with profits up and share price up as well.  It should continue to do well as there is still a worldwide shortage of semiconductors. Go TSMC! 🚀🚀🚀🌙🌙🌙
    Reply
    Report
  • Jess261
    ·2022-01-15
    Okay 
    Reply
    Report
  • CCLaunty
    ·2022-01-14
    👍👌
    Reply
    Report
  • TeikLeong
    ·2022-01-14
    👍
    Reply
    Report
  • kenlim45
    ·2022-01-14
    Good 
    Reply
    Report
  • Bspn
    ·2022-01-14
    Ok
    Reply
    Report
  • LimLS
    ·2022-01-14
    Good report. Better than forecast. 2022 forecast looks good too. Will be a good choice to buy if the current tech correction can pull it down more. It had push ahead today although most other tech companies had fallen greatly. But it will be hard to resist the general trend. But that also means a buying opportunity might also come
    Reply
    Report
  • pkyon
    ·2022-01-14
    Awesome
    Reply
    Report
  • Aleo2201
    ·2022-01-14
    Wow
    Reply
    Report
  • Jess261
    ·2022-01-14
    Okay 
    Reply
    Report
  • 许哲东
    ·2022-01-14
    Good sharing
    Reply
    Report
  • K74
    ·2022-01-14
    Wow
    Reply
    Report
  • PatWong
    ·2022-01-14
    Sell
    Reply
    Report
  • Success88
    ·2022-01-14
    Good 
    Reply
    Report
  • RPGold
    ·2022-01-14
    Like the good news
    Reply
    Report
  • Val準凖
    ·2022-01-14
    Buy in 
    Reply
    Report
  • WinnerSG
    ·2022-01-14
    This is one of the very few semi stocks that are still holding up in the general sell-off. Likely a hiding place for funds. So might drop less than the market, hence outperforming. 
    Reply
    Report
    Fold Replies
    • Am3n_Tao
      sure
      2022-01-14
      Reply
      Report
  • masran
    ·2022-01-14
    good to hear
    Reply
    Report
  • jllwang
    ·2022-01-14
    😯
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial