
TSMC distributed its cash dividends for the first quarter on Wednesday, to the sound of NT$7 per share. Over in the stock market, the chipmaker’s shares opened NT$5 lower, dragged down by a slump in US stocks. But buying sentiment quickly picked up, and TSMC shares recovered their prior ex-dividend level in the first half hour of the trading session. Market confidence was strong, with Taiwan shares peaking at 46,077 points. Ultimately the market closed up 337 points, or 0.74%, at 45,848. Analysts say the next big event to watch out for is on Thursday, when the US Federal Reserve will announce whether interest rates will be adjusted. Let’s hear from an analyst.
Wayne Chen
President Capital Management
There are two key factors at play. The first is Hermes Testing’s IPO subscription. The allotment results were announced today, which may free some funds going forward. The second factor is that investors are watching interest-rate policies in the US, Japan, and Taiwan. Trading volume tends to contract ahead of these policy decisions, and that also affected TSMC’s trading volume. At this stage before trading volume picks up, Taiwan shares may oscillate within the range of the quarterly and monthly moving averages. That is until interest-rate decisions are announced. Taiwan’s market fundamentals are quite strong, so fourth quarter earnings should still perform well.
TSMC switched to quarterly dividends in 2019. Since then, it has successfully recovered to prior ex-dividend levels within one day 22 out of 28 times. This time around, TSMC founder Morris Chang is estimated to have received about NT$875 million in dividends, while CEO C.C. Wei got NT$52.16 million. But by far, the biggest winner was Taiwan’s National Development fund, which collected NT$11.57 billion.
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台積電今天(16)配發金年第一季現金股利7元,儘管開盤受美股影響,下跌5元,以2375元開出,但買盤在開盤半小時內迅速湧入,完成填息,激勵市場信心,台股盤中一度漲至46077點,終場收在45848點,上漲337點,漲幅0.74%。分析師認為,台股後續還要觀望周四聯準會利率決議。
[[統一投顧分析師 陳立委]]
“主要兩個原因啦,第一個是漢測的申購,那今天是開獎,可能會釋出一點資金。那第二個就是大家在觀察美國、日本還有台灣的一個利率政策,在觀望前是有比較一些量縮,那這也影響到台積電的一個成交量。以現階段的話,因為成交量是沒有出來,所以可能還是會在季線以及月線這邊,做一個區間震盪,那等到說利率政策決定之後。因為台股的基本面是相當的好,那後續來講我們覺得說,第四季的獲利還是會有一個不錯的表現。”
2019年台積電改採每季配息,過去28次除息都順利填息,其中還有22次當天秒填息。這次台積電創辦人張忠謀,估計約8.75億股息入袋,董事長魏哲家5216萬,但國發基金是最大贏家,這次可領115.76億。
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