Reported 8 months ago
TSMC (2330) surged to a record high of 984 NT dollars on June 19, closing at 981 NT dollars, marking a historical high both intraday and at closing. This spike also led to the Taiwan Top 50 (0050), with a 51.9% holding in TSMC, reaching a new high of 187.95 NT dollars. Foreign institutional investors are optimistic about TSMC reaching a target price of 1,000 to 1,160 NT dollars. It is speculated that TSMC may raise prices for 3nm and 5nm processes, which could boost EPS growth by 3-6% if prices increase by 5-10% in 2025. Overall, TSMC's revenue is expected to increase by 29%, 39%, and 31% from 2024 to 2026. The positive outlook on the tech industry's profitability in the coming years also extends to other sectors like finance.
Source: YAHOO