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

TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED

(2330)
  Report
End-of-day quote. End-of-day quote Taiwan Stock Exchange - 10/30
432 TWD   -1.14%
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Demand from chipmakers boosts Atlas Copco third quarter results, shares surge

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10/21/2019 | 09:27am EDT
A Atlas Copco company logo is pictured at the

STOCKHOLM (Reuters) - Swedish engineering firm Atlas Copco reported forecast-beating third-quarter earnings and order bookings on Monday on the back of strong demand from chipmakers, sending its shares sharply higher.

The strong numbers came against a backdrop of slowing global industrial demand and weakening manufacturing surveys from Europe and United States.

Strong demand from the semiconductor industry and for items such as large gas compressors has helped the firm, which also manufactures vacuum pumps and industrial tools, to weather that environment, it said.

"Order intake remained on a high level despite continuous uncertainties in the global economy," Atlas Copco chief executive Mats Rahmstrom said in a statement.

However, the company said it expected near-term demand, by which it typically means in the current quarter, to be somewhat lower than in the third quarter.

"We have seen lower activity levels in some parts of the market," Rahmstrom said, pointing to automotive and the manufacturing industry.

Atlas Copco shares were up 6.6% by 1140 GMT following the results.

The company "reported a strong set of Q3 numbers", Carnegie analysts said in a research note, highlighting "blow-out vacuum orders".

Order intake rose 6% organically to 27.1 billion crowns (£2.2 billion), beating analysts' forecasts of 25.1 billion.

Its Vacuum Technique unit, whose client list includes Samsung, TSMC and ASML and which makes up around a fifth of group orders, soared 21%, while Compressor Technique, its biggest business area, was up 7%.

"For vacuum equipment to the semiconductor and flat panel industry, orders increased significantly, mainly driven by customers' investments in new production technologies," the company said.

Quarterly operating profit rose to 5.84 billion crowns, up from 5.26 billion a year earlier, ahead of the 5.50 billion mean forecast from a Refinitiv poll of analysts.

Order intake in the Industrial Technique unit, which holds the bulk of Atlas' automotive exposure, was down 4% organically.

(Reporting by Johannes Hellstrom; Editing by Simon Johnson and Jan Harvey)

By Johannes Hellstrom


Stocks mentioned in the article
ChangeLast1st jan.
ASML HOLDING N.V. -0.95% 312 Delayed Quote.19.45%
AT HOME GROUP INC. -3.77% 15.9699 Delayed Quote.201.09%
ATLAS COPCO AB -0.33% 392.9 Delayed Quote.5.51%
JUST GROUP PLC 1.01% 42.1 Delayed Quote.-47.24%
SAMSUNG ELECTRONICS CO., LTD. -2.58% 56600 End-of-day quote.1.43%
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED -1.14% 432 End-of-day quote.30.51%
THE GLOBAL LTD. -12.20% 223 End-of-day quote.-52.65%
WILL GROUP, INC. -4.33% 773 End-of-day quote.-38.26%
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Financials
Sales 2020 1 342 B 46 994 M 46 994 M
Net income 2020 512 B 17 942 M 17 942 M
Net cash 2020 405 B 14 183 M 14 183 M
P/E ratio 2020 21,9x
Yield 2020 2,48%
Capitalization 11 202 B 391 B 392 B
EV / Sales 2020 8,05x
EV / Sales 2021 7,23x
Nbr of Employees 48 752
Free-Float 93,6%
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Taiwan Semiconductor Manufacturing Company Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
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Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 521,69 TWD
Last Close Price 432,00 TWD
Spread / Highest target 62,0%
Spread / Average Target 20,8%
Spread / Lowest Target -12,0%
EPS Revisions
Managers
NameTitle
Che Chia Wei Vice Chairman & Chief Executive Officer
Te Yin Liu Chairman
J. K. Wang Senior Vice President-Operations
Jen Chao Huang Chief Financial Officer
Renzhao Huang Chief Financial Officer
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1st jan.Capitalization (M$)
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED30.51%395 697
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