Managing Director, Zero One, Zero One

Vincent Fernando, CFA

20 years of experience researching capital markets in Asia and the USA.

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 (TSM US)

TSMC (Taiwan Semiconductor Manufacturing) - ADR

<ul>
<li>TSMC: +21.5% Premium; Consider Shorting the Spread at This Level</li>
<li>ChipMOS: +3.2% Premium; Good Level to Consider Shorting the Spread: Local Shares' Short Interest at Multi-Year Highs</li>
<li>CHT: +1.3% Premium; Good Level to Consider Shorting the Spread; ADR Short Interest at Multi-Year Highs</li>
</ul>


TSMC: +21.5% Premium; Consider Shorting the Spread at This Level
ChipMOS: +3.2% Premium; Good Level to Consider Shorting the Spread: Local Shares' Short Interest at Multi-Year Highs
CHT: +1.3% Premium; Good Level to Consider Shorting the Spread; ADR Short Interest at Multi-Year Highs


TSMC (Taiwan Semiconductor Manufacturing) (2330 TT)

TSMC (Taiwan Semiconductor Manufacturing)

Taiwan Dual-Listings Monitor: TSMC Premium at High-End; ChipMOS & CHT Multi-Year High Short Interest