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MarketScreener Homepage  >  Equities  >  Taiwan Stock Exchange  >  Taiwan Semiconductor Manufacturing Company Limited    2330   TW0002330008

TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED

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Taiwan October export orders up again, strong outlook seen

11/20/2020 | 03:55am EST
FILE PHOTO: Man walks past an Apple store in Taipei

TAIPEI (Reuters) - Taiwan's export orders rose for the eighth consecutive month in October, boosted by strong global demand for the island's tech products, with Apple Inc rolling out a new iPhone.

Export orders, a bellwether of global technology demand, in October jumped 9.1% from a year earlier to $51.6 billion, Ministry of Economic Affairs data showed on Friday.

The data exceeded an 8.2% rise projected in a Reuters poll.

The ministry said orders were helped by new smartphone launches ahead of the year-end holiday season, as well as continued robust demand for telecommuting products as many people are forced to work and study from home globally during the pandemic.

Orders for electronics rose 17.5% on year, mostly due to new smartphones and gaming consoles coming to market and work-from-home demand, the ministry added.

Taiwanese firms such as Foxconn and Taiwan Semiconductor Manufacturing Co Ltd (TSMC) are key suppliers to Apple, which last month launched its next-generation iPhone 12, with faster 5G connectivity.

Taiwan usually sees strong electronics orders in the third and fourth quarters ahead of the year-end holiday season when vendors launch new smartphone models.

The ministry expects export orders to rise between 14.5% and 17.9% in November, fuelled by new consumer electronics products from major global brands coming to market, though it warned of uncertainly about rising number of COVID-19 cases globally and lingering concerns over the U.S.-China tensions.

U.S. orders in October rose 17.1% from a year earlier, compared with 11.1% growth in September, while those from China went up 10.7% versus a 31% gain the previous month.

European orders fell 0.1%, while those from Japan soared 18.6%.

Taiwan's economy grew at its fastest pace in more than two years in the third quarter after a steep contraction earlier this year, as strong global demand for its tech exports and returning consumer confidence eased the hit from the pandemic.

(Reporting by Jeanny Kao and Ben Blanchard; Additional reporting by Yimou Lee; Editing by Jacqueline Wong)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. 1.61% 139.07 Delayed Quote.3.15%
FOXCONN TECHNOLOGY CO., LTD. 4.28% 75.6 End-of-day quote.41.57%
TAIWAN SEMICONDUCTOR CO., LTD. 1.89% 54 End-of-day quote.-13.18%
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED -3.57% 649 End-of-day quote.22.45%
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Financials
Sales 2020 1 341 B 47 969 M 47 969 M
Net income 2020 512 B 18 308 M 18 308 M
Net cash 2020 393 B 14 045 M 14 045 M
P/E ratio 2020 32,8x
Yield 2020 1,66%
Capitalization 16 829 B 601 B 602 B
EV / Sales 2020 12,3x
EV / Sales 2021 10,8x
Nbr of Employees 48 752
Free-Float 93,6%
Chart TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED
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Taiwan Semiconductor Manufacturing Company Limited Technical Analysis Chart | 2330 | TW0002330008 | MarketScreener
Technical analysis trends TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 29
Average target price 720,54 TWD
Last Close Price 649,00 TWD
Spread / Highest target 33,3%
Spread / Average Target 11,0%
Spread / Lowest Target -34,5%
EPS Revisions
Managers and Directors
NameTitle
Che Chia Wei Vice Chairman & Chief Executive Officer
Te Yin Liu Chairman
J. K. Wang Senior Vice President-Operations
Li Mei Ho Senior Vice President-Europe & Asia Sales
Jen Chao Huang Chief Financial Officer
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