TSMC’s $100 Billion Wipeout Fails to Faze Bullish Analysts

Bloomberg2022-06-10

(Bloomberg) -- The share price slump that’s erased about $100 billion from the market value of Taiwan Semiconductor Manufacturing Co. this year means little to the legion of analysts who see the stock...

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Comment（9）

Bspn
·2022-06-10
Ok
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FattAgain69
·2022-06-10
Buy, buy, buy!
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1
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TeslaLegend
·2022-06-10
Nice
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1
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Sunris3
·2022-06-10
Great
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2
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LuckyPiggie
·2022-06-10
Company can grow but as long as the share price not moving up ... [What] [lovely]
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4
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LearnerAdi
·2022-06-10
Really?
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1
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Oldie
·2022-06-10
Nice
Reply
1
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LesterTan
·2022-06-10
Tsm is grossly undervalued. It's free cash flow is amazing. Buy!
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4
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来人
·2022-06-10
Ok
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The company occupies a powerful position in the global technology supply chain as the most advanced maker of chips for giants from Apple Inc. to Nvidia Corp.“Buyers may return as soon as non-fundamental factors disappear,” said Alex Huang, manager of Capital Hi-Tech Fund in Taipei. He sees a prospect of inflationary concerns and the war in Ukraine, which have both weighed on semiconductor makers, changing for the better in the second half of the year.Being the largest and the most liquid stock on Taiwan’s equity market also made TSMC an easy selling target for some foreign investors, according to Huang. The $475 billion company accounts for about 27 percent of Taiwan’s entire equity market value.“While many worry about a cyclical correction, we forecast share gain and robust pricing which will ensure TSMC grows uninterruptedly this year and also in 2023 and 2024,” Sanford C Bernstein analysts including Mark Li wrote in note earlier this month.Of the 37 analyst recommendations compiled by Bloomberg, 34 are buys, three are holds and none are sells. The average 12-month price target is NT$816.75, versus Thursday’s close of NT$541.Risk factorsTo be sure, investors were blindsided by the pandemic, missed many of warning signals before Russia invaded Ukraine and are divided on the course of inflation -- all of which will continue to shape the macro picture for chip makers.“We think TSMC stock is already factoring in a downturn,” JPMorgan Chase & Co. analysts including Gokul Hariharan said in a note Wednesday. “However, the extent of potential downside to 2023 estimates is still unclear,” they said, while maintaining a buy rating.Others though, are less hesitant in their calls.Morgan Stanley analysts including Charlie Chan said the current nervousness in the market presents a good opportunity to buy TSMC, whose “future looks secure.”“We think now is a great time to accumulate,” he wrote in a report late last month, noting the company’s technology leadership.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9058531730,"gmtCreate":1654860240320,"gmtModify":1676535524036,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3582502134655895","authorIdStr":"3582502134655895"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9058531730","repostId":2242369490,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9058274864,"gmtCreate":1654854409258,"gmtModify":1676535523330,"author":{"id":"4107015407846850","authorId":"4107015407846850","name":"FattAgain69","avatar":"https://community-static.tradeup.com/news/a4e3d511c15de9227ee9ebca3021f903","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4107015407846850","authorIdStr":"4107015407846850"},"htmlText":"Buy, buy, buy!","listText":"Buy, buy, buy!","text":"Buy, buy, buy!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9058274864","repostId":2242369490,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9058221808,"gmtCreate":1654848398604,"gmtModify":1676535522347,"author":{"id":"3572489627147183","authorId":"3572489627147183","name":"TeslaLegend","avatar":"https://static.tigerbbs.com/180ad6f06095bcbf2b6594d26c494752","vip":1,"hat":"https://static.tigerbbs.com/f84859c65fc2d7681e28f6b8e9b0535a","crmLevel":4,"crmLevelSwitch":1,"idStr":"3572489627147183","authorIdStr":"3572489627147183"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9058221808","repostId":2242369490,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9058263307,"gmtCreate":1654845704409,"gmtModify":1676535522007,"author":{"id":"3581632171272762","authorId":"3581632171272762","name":"Sunris3","avatar":"https://static.tigerbbs.com/b069abdd5543b78374d0994f89a22816","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3581632171272762","authorIdStr":"3581632171272762"},"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9058263307","repostId":2242369490,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9058269172,"gmtCreate":1654845441896,"gmtModify":1676535521992,"author":{"id":"4107063207857540","authorId":"4107063207857540","name":"LuckyPiggie","avatar":"https://community-static.tradeup.com/news/33330ac1fe6d6c956e10045c870d6f46","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":6,"crmLevelSwitch":1,"idStr":"4107063207857540","authorIdStr":"4107063207857540"},"htmlText":"Company can grow but as long as the share price not moving up ...&nbsp;[What]&nbsp;[lovely]&nbsp;","listText":"Company can grow but as long as the share price not moving up ...&nbsp;[What]&nbsp;[lovely]&nbsp;","text":"Company can grow but as long as the share price not moving up ... [What] [lovely]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9058269172","repostId":2242369490,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9058287263,"gmtCreate":1654844945752,"gmtModify":1676535521961,"author":{"id":"4107657165988180","authorId":"4107657165988180","name":"LearnerAdi","avatar":"https://community-static.tradeup.com/news/211b55c9f8f2d6aabdea5f1995a70d59","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"4107657165988180","authorIdStr":"4107657165988180"},"htmlText":"Really?","listText":"Really?","text":"Really?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9058287263","repostId":2242369490,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9058285842,"gmtCreate":1654844675987,"gmtModify":1676535521901,"author":{"id":"3584415246670106","authorId":"3584415246670106","name":"Oldie","avatar":"https://static.tigerbbs.com/09a7a0c9fe9b5b416d6f049746ddfa29","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3584415246670106","authorIdStr":"3584415246670106"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9058285842","repostId":2242369490,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9058282399,"gmtCreate":1654844503211,"gmtModify":1676535521878,"author":{"id":"4105421923397120","authorId":"4105421923397120","name":"LesterTan","avatar":"https://community-static.tradeup.com/news/1244d1eac543f84d6b2c017832a1d98d","vip":1,"crmLevel":9,"crmLevelSwitch":0,"idStr":"4105421923397120","authorIdStr":"4105421923397120"},"htmlText":"Tsm is grossly undervalued. It's free cash flow is amazing. Buy!","listText":"Tsm is grossly undervalued. It's free cash flow is amazing. Buy!","text":"Tsm is grossly undervalued. It's free cash flow is amazing. Buy!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9058282399","repostId":2242369490,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9058286717,"gmtCreate":1654844483239,"gmtModify":1676535521871,"author":{"id":"3575544575320394","authorId":"3575544575320394","name":"来人","avatar":"https://static.tigerbbs.com/0af89587decbb8a1d3e1596adc29cb98","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3575544575320394","authorIdStr":"3575544575320394"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9058286717","repostId":2242369490,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":79,"commentSize":9,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}