APAC Wrap: 30 March 2026
Japan: Ex-dividend today
Much of Japan went ex-div today. Among the companies we follow that includes Seikoh Giken, Innotech, GL Techno, JEM and Fujibo.
Optics and CCL remain investor favourites so we would flag that Seikoh Giken, Sumitomo Electric, Nittobo, and Resonac are around their 50-day EMA.
TSMC: Citi base case now NT$ 2,800; bull case NT$ 3,000
Citi’s 2027/28E EPS are 18%/28% higher than Bloomberg consensus.
Citi’s capex estimates are US$67bn in 2027 and US$75bn or higher in 2028.
Surely Uncle Wei can be persuaded to go for US$70bn and US$80bn in 27/28.
It looks like the TSMC capex winners in the last month were All Ring Tech and GPTC:
And to a lesser degree Ta Liang:
Samsung Electronics: moving into silicon photonics in 2028
Jukan@jukan05
Samsung Electronics to Mass-Produce 'Dream Semiconductor' Silicon Photonics by 2028
Samsung Electronics' foundry division has unveiled a roadmap to begin mass production of silicon photonics — dubbed the "dream semiconductor" — starting in 2028. The company plans to accelerate
12:56 PM · Mar 29, 2026 · 18.3K Views
6 Replies · 17 Reposts · 204 Likes
Below the paywall: Soitec short case and Malaysian stocks holding up surprisingly well this month.