Pan-Asia Tactical Market Calls (Quant-Driven), MRM Research

Nico Rosti

Pan-Asia Tactical Market Calls (Quant-Driven)

MRM Research

Quantitative Research

Equity Derivatives

TSMC (Taiwan Semiconductor Manufacturing) / Equity Derivatives

TSMC (Taiwan Semiconductor Manufacturing)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/taiwan-semiconductor-manufacturing-company" target="_blank" data-smartkarma-citation="entities:11230:1" rel="noopener">Taiwan Semiconductor (TSMC) (2330 TT)</a> has lost nearly 30% of its value since its mid-January peak—half of that decline occurred by early March, prior to Trump’s tariff announcement. </li>
<li>
The stock is very oversold, although it bounced off its lows last week, and reached 903 this Monday. This insight will analyze how far this rebound can go.
</li>
<li>Earnings will be reported on April 17. Our model suggests the stock has room to move in either direction—the results will be the catalyst. Check out our targets.
</li>
</ul>



Taiwan Semiconductor (TSMC) (2330 TT) has lost nearly 30% of its value since its mid-January peak—half of that decline occurred by early March, prior to Trump’s tariff announcement. 

The stock is very oversold, although it bounced off its lows last week, and reached 903 this Monday. This insight will analyze how far this rebound can go.

Earnings will be reported on April 17. Our model suggests the stock has room to move in either direction—the results will be the catalyst. Check out our targets.



TSMC (2330.TT) Tactical Outlook Before 1Q25 Earnings Release

Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Quantitative Analysis

<ul>
<li>We analyzed the changes in foreign holdings of KRX stocks as of Apr 11th which has an aggregated holding worth USD461.3bn.</li>
<li>We estimate that foreign flows to be outflows of USD3,277mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.</li>
<li>We highlight changes of foreign holdings in SK Hynix, Samsung Electronics, Hyundai Motor, Samsung Biologics.</li>
</ul>


We analyzed the changes in foreign holdings of KRX stocks as of Apr 11th which has an aggregated holding worth USD461.3bn.
We estimate that foreign flows to be outflows of USD3,277mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.
We highlight changes of foreign holdings in SK Hynix, Samsung Electronics, Hyundai Motor, Samsung Biologics.


KRX Foreign Holding Weekly (Apr 11th): SK Hynix, Samsung Electronics, Hyundai Motor

Managing Director, Zero One, Zero One

Vincent Fernando, CFA

Managing Director, Zero One

Zero One

Founded in 2015, Zero One produces independent investment research and provides corporate finance advisory services with a focus on both listed and private technology companies. Founder Vincent Fernando has over 20 years of experience in US and Asia capital markets.

Independent Investment Research

Equity Bottom-Up

TSMC (Taiwan Semiconductor Manufacturing) - ADR / Equity Bottom-Up

TSMC (Taiwan Semiconductor Manufacturing) - ADR

<ul>
<li>TSMC’s Next Leap: 1Q25 Earnings Ahead and the 2nm Frontline</li>
<li>Is the Valuation Divergence Justified? Mediatek Vs TSMC Valuation Compared</li>
<li>PC 1Q25: 5% YoY Growth but Shipments Inflated Ahead of US Tariffs. Dream of a Refresh Cycle Continue </li>
</ul>


TSMC’s Next Leap: 1Q25 Earnings Ahead and the 2nm Frontline
Is the Valuation Divergence Justified? Mediatek Vs TSMC Valuation Compared
PC 1Q25: 5% YoY Growth but Shipments Inflated Ahead of US Tariffs. Dream of a Refresh Cycle Continue 


Taiwan Tech Weekly: TSMC 1Q25 Results & The 2nm Frontline; Mediatek Vs. TSMC Valuation; PC 1Q25 Data

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

<ul>
<li>We provide the short selling data analysis of the Korean stock market including the top 20 stocks in KOSPI with the highest short interest ratios in KOSPI and KOSDAQ, respectively. </li>
<li>There have been noticeable shorting on the Ecopro Group companies and other key names in the rechargeable battery sector including Posco Future M, L&amp;F, and SK IE Technology. </li>
<li>Shorting has generally worked for KOSDAQ names with higher short interest ratios but not for KOSPI names in the past two weeks. </li>
</ul>


We provide the short selling data analysis of the Korean stock market including the top 20 stocks in KOSPI with the highest short interest ratios in KOSPI and KOSDAQ, respectively. 
There have been noticeable shorting on the Ecopro Group companies and other key names in the rechargeable battery sector including Posco Future M, L&amp;F, and SK IE Technology. 
Shorting has generally worked for KOSDAQ names with higher short interest ratios but not for KOSPI names in the past two weeks. 


Korea: Short Selling Data Analysis (Which Stocks Are the Gainers and the Losers?)

<ul>
<li>In this insight, we provide the top 10 stocks picks and key catalysts in the Korean stock market for the two weeks starting 14 April. </li>
<li>Our top 10 picks in the most recent bi-weekly was down 2.5% on average, outperforming KOSPI which was down 4.9% in the same period. </li>
<li>The top 10 picks in this bi-weekly include Binggrae, Hyundai Rotem, Krafton, Nongshim, SK Telecom, Hanwha Systems, APR, SK Inc, Korean Air, and Samsung Heavy Industries. </li>
</ul>


In this insight, we provide the top 10 stocks picks and key catalysts in the Korean stock market for the two weeks starting 14 April. 
Our top 10 picks in the most recent bi-weekly was down 2.5% on average, outperforming KOSPI which was down 4.9% in the same period. 
The top 10 picks in this bi-weekly include Binggrae, Hyundai Rotem, Krafton, Nongshim, SK Telecom, Hanwha Systems, APR, SK Inc, Korean Air, and Samsung Heavy Industries. 


Top 10 Korean Stock Picks and Key Catalysts Bi-Weekly (Starting 14 April 2025)

South Korea

Samsung Electronics Co., Ltd. manufactures a wide range of consumer and industrial electronic equipment and products such as semiconductors, personal computers, peripherals, monitors, televisions, and home appliances including air conditioners and microwave ovens. The Company also produces Internet access network systems and telecommunications equipment including mobile phones.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Samsung Electronics (SMSN LI)

TSMC (2330.TT) Tactical Outlook Before 1Q25 Earnings Release

TSMC has dropped 30% since mid-January, rebounding recently but still VERY oversold. Earnings report on April 17 will act as a catalyst for the...

Nico Rosti

KRX Foreign Holding Weekly (Apr 11th): SK Hynix, Samsung Electronics, Hyundai Motor

We analyzed KRX foreign holding data for the past week and highlighted foreign holding changes in SK Hynix, Samsung Electronics, Hyundai Motor,...

Ke Yan, CFA, FRM

Taiwan Tech Weekly: TSMC 1Q25 Results & The 2nm Frontline; Mediatek Vs. TSMC Valuation; PC 1Q25 Data

TSMC's strong 1Q25 earnings and focus on 2nm technology, Mediatek vs TSMC valuation compared, PC market sees 5% YoY growth with inflated shipments...

Vincent Fernando, CFA

Korea: Short Selling Data Analysis (Which Stocks Are the Gainers and the Losers?)

Shorting has generally worked for KOSDAQ names with higher short interest ratios but not for KOSPI names in the past two weeks.

Douglas Kim

Top 10 Korean Stock Picks and Key Catalysts Bi-Weekly (Starting 14 April 2025)

Our top 10 picks in the most recent bi-weekly was down 2.5% on average, outperforming KOSPI which was down 4.9% in the same period.

Douglas Kim

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

TSMC (2330.TT) Tactical Outlook Before 1Q25 Earnings Release

​TSMC has dropped 30% since mid-January, rebounding recently but still VERY oversold. Earnings report on April 17 will act as a catalyst for the...

Nico Rosti

KRX Foreign Holding Weekly (Apr 11th): SK Hynix, Samsung Electronics, Hyundai Motor

We analyzed KRX foreign holding data for the past week and highlighted foreign holding changes in SK Hynix, Samsung Electronics, Hyundai Motor,...

Ke Yan, CFA, FRM

Taiwan Tech Weekly: TSMC 1Q25 Results & The 2nm Frontline; Mediatek Vs. TSMC Valuation; PC 1Q25 Data

​TSMC's strong 1Q25 earnings and focus on 2nm technology, Mediatek vs TSMC valuation compared, PC market sees 5% YoY growth with inflated shipments...

Vincent Fernando, CFA

Korea: Short Selling Data Analysis (Which Stocks Are the Gainers and the Losers?)

Shorting has generally worked for KOSDAQ names with higher short interest ratios but not for KOSPI names in the past two weeks.

Douglas Kim

Top 10 Korean Stock Picks and Key Catalysts Bi-Weekly (Starting 14 April 2025)

Our top 10 picks in the most recent bi-weekly was down 2.5% on average, outperforming KOSPI which was down 4.9% in the same period.

Douglas Kim

TSMC has dropped 30% since mid-January, rebounding recently but still VERY oversold. Earnings report on April 17 will act as a catalyst for the...

TSMC's strong 1Q25 earnings and focus on 2nm technology, Mediatek vs TSMC valuation compared, PC market sees 5% YoY growth with inflated shipments...