The share price slump that has erased about US$100 billion from the market value of Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) this year means little to the legion of analysts who see the stock as a screaming buy.
TSMC shares are expected to climb about 50 percent to a record high 12 months from now, according to sell-side analyst estimates compiled by Bloomberg, as macro headwinds buffeting the sector ease and investors focus on the company’s fundamentals.
Fund managers are also starting to view an end in sight to the rout, and TSMC chairman Mark Liu’s (劉德音) Wednesday forecast for 30 percent