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) / Equity Bottom-Up

TSMC (Taiwan Semiconductor Manufacturing) (TSM US)

TSMC (Taiwan Semiconductor Manufacturing)

<ul>
<li>TSMC: +16.6% Premium; Returning to the 15 - 20% Trading Range?</li>
<li>UMC: +0.5% Premium; Near the Middle of the Historical Trading Range</li>
<li>ASE: +5.2% Premium; Participating in Two Investor Conferences in Next Two Weeks</li>
</ul>


TSMC: +16.6% Premium; Returning to the 15 - 20% Trading Range?
UMC: +0.5% Premium; Near the Middle of the Historical Trading Range
ASE: +5.2% Premium; Participating in Two Investor Conferences in Next Two Weeks


Taiwan Dual-Listings Monitor: TSMC Returning to Higher Trading Range? ASE's Two Upcoming Events

<ul>
<li>TSMC: +15.4% Premium; Wait for Closer to 20% Before Opening Fresh Short</li>
<li>UMC: +1.2% Premium; Can Consider Shorting at 1.5% or Higher; Headroom Continues to Decrease</li>
<li>ASE: +5.2% Premium; Wait for More Extreme Levels Before New Trade</li>
</ul>


TSMC: +15.4% Premium; Wait for Closer to 20% Before Opening Fresh Short
UMC: +1.2% Premium; Can Consider Shorting at 1.5% or Higher; Headroom Continues to Decrease
ASE: +5.2% Premium; Wait for More Extreme Levels Before New Trade


Taiwan Dual-Listings Monitor: TSMC Maintaining Strong Premium; UMC Headroom Continues to Decrease

<ul>
<li>TSMC: +16.3% Premium; Can Continue to Consider Shorting the Spread Here</li>
<li>UMC: +0.7% Premium; Wait for Higher Levels Again Before a Fresh Short</li>
<li>ASE: +4.6% Premium; Breakdown of Spread Could Persist Since History Indicates It's Now a Normal Level</li>
</ul>


TSMC: +16.3% Premium; Can Continue to Consider Shorting the Spread Here
UMC: +0.7% Premium; Wait for Higher Levels Again Before a Fresh Short
ASE: +4.6% Premium; Breakdown of Spread Could Persist Since History Indicates It's Now a Normal Level


Taiwan Dual-Listings Monitor: History Implies TSMC Spread to Trade Down; ASE Still Broken Down

<ul>
<li>TSMC: +16.1% Premium; Strong Spread Rebound, Potential Opportunity to Short the Spread</li>
<li>UMC: +1.6% Premium; Consider Shorting the Spread at This Level</li>
<li>ASE: +3.8% Premium; Uncertainty Remains on the Sustainability of the Recent Breakdown</li>
</ul>


TSMC: +16.1% Premium; Strong Spread Rebound, Potential Opportunity to Short the Spread
UMC: +1.6% Premium; Consider Shorting the Spread at This Level
ASE: +3.8% Premium; Uncertainty Remains on the Sustainability of the Recent Breakdown


Taiwan Dual-Listings Monitor: TSMC Strong Spread Rebound Into Short Zone; ASE Remains Broken Down

<ul>
<li>TSMC: Premium Breaks Back Down to +8.3%; 5-15% Could Now Be the Key Range</li>
<li>UMC: -2.2% Discount; Good Level to Go Long the Premium</li>
<li>ASE: Premium Breaks Down Again, Now Only +1.5%; Consider Going Long</li>
</ul>


TSMC: Premium Breaks Back Down to +8.3%; 5-15% Could Now Be the Key Range
UMC: -2.2% Discount; Good Level to Go Long the Premium
ASE: Premium Breaks Down Again, Now Only +1.5%; Consider Going Long


Taiwan Dual-Listings Monitor: TSMC and ASE Premiums Break Down Again; ASE Spread Near 1-Year Lows

Taiwan

ChipMOS TECHNOLOGIES INC. offers semiconductor testing and packaging solutions to companies, integrated device manufacturers, and foundries. The Company provides a broad range of back-end testing services for high density memory, mixed-signal and liquid crystal display.

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

ChipMOS Technologies (IMOS US)

Taiwan Dual-Listings Monitor: TSMC Returning to Higher Trading Range? ASE's Two Upcoming Events

We analyze the premium and discount levels of dual-listed Taiwan companies, suggesting potential spread trading levels based on historical trends.

Vincent Fernando, CFA

Taiwan Dual-Listings Monitor: TSMC Maintaining Strong Premium; UMC Headroom Continues to Decrease

We analyze the premium and discount levels of dual-listed Taiwan companies, suggesting potential spread trading levels based on historical trends.

Vincent Fernando, CFA

Taiwan Dual-Listings Monitor: History Implies TSMC Spread to Trade Down; ASE Still Broken Down

We analyze the premium and discount levels of dual-listed Taiwan companies, suggesting potential spread trading levels based on historical trends.

Vincent Fernando, CFA

Taiwan Dual-Listings Monitor: TSMC Strong Spread Rebound Into Short Zone; ASE Remains Broken Down

We analyze the premium and discount levels of dual-listed Taiwan companies, suggesting potential spread trading levels based on historical trends.

Vincent Fernando, CFA

Taiwan Dual-Listings Monitor: TSMC and ASE Premiums Break Down Again; ASE Spread Near 1-Year Lows

We analyze the premium and discount levels of dual-listed Taiwan companies, suggesting potential spread trading levels based on historical trends.

Vincent Fernando, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)