TSMC will hold its Q3 earnings call on October 15th at 2 PM, announcing its Q3 results and Q4 outlook. Goldman Sachs reiterated its "buy" rating ahead of the meeting, raising its target price for TSMC shares from NT$3,100 to NT$3,300 and its target p

2026-10-07

TSMC will hold its Q3 earnings call on October 15th at 2 PM, announcing its Q3 results and Q4 outlook. Goldman Sachs reiterated its "buy" rating ahead of the meeting, raising its target price for TSMC shares from NT$3,100 to NT$3,300 and its target price for ADRs to US$660. The company also projects a 36.9% increase in USD revenue for 2027. A more crucial change is capital expenditure. Goldman Sachs raised its 2027 and 2028 forecasts from US$78 billion and US$82 billion to US$85 billion and US$98 billion, respectively, reflecting increased demand for advanced processes and packaging, rising equipment costs, and potential expansion investments in the US. AI demand is also believed to be spreading from GPUs, ASICs, and network chips to server CPUs.

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2026-10-07

Asian Stock Markets 1. The A-share market was closed on Tuesday, October 6th. 2. The Hong Kong Hang Seng Index closed up 240.22 points, or 1.0%, at 24280.56 points on Tuesday, October 6th. 3. The Hong Kong Hang Seng Tech Index closed up 39.4 point

2026-10-07

Bank of Japan will buy ¥85 billion of 10-25 year JGBs, down from ¥100 billion in the prior operation. It will buy ¥330 billion of 1-3 year JGBs, down from ¥355 billion previously.