JUST IN:
TSMC 3Q net income NT$156.3b, [Est. Nt$149.59b Prev.137.31b]
TSMC 3Q Gross margin 51.3%, [Est. 50.6%] #TSMC#semiconductor#chips
#TSMC 3Q revenue NT$414.67b, [Est. Nt$413.56b Prev.356.42b]
TSMC posted a 13.8% rise in quarterly net profit, boosted by a surge in global demand for #semiconductors for smartphones and laptops amid a supply shortage.
#TSMC:
The shipment of 5nm chips accounted for 18% of the company's total silicon wafer sales in the 3Q2021, while 7nm chips accounted for 34%.
$TSM #semiconductor#chips
#TSMC sees 4Q sales $15.4b to $15.7b;
TSMC sees 4Q gross margin 51% to 53%, est. 51%;
TSMC sees 4Q operation margin 39% to 41%, est. 40.3%;
TSMC still sees fy capex $30b.
$TSM #semiconductor#chips
#TSMC sees 2021 sales growing by about 24% in dollar terms;
TSMC expects capacity to be tight throughout 2022.
$TSM #semiconductor#chips
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#Evergrande CEO in talks for restructuring, asset sale: RTRS
#Evergrande Group’s chief executive is holding talks in Hong Kong with investment banks and creditors over a possible restructuring and asset sales, two people said, as the Chinese developer battles against default on more than $300 billion in debts. reuters.com/article/china-…
#Evergrande has left its offshore investors in the dark about repayment plans after already missing three rounds of interest payments on its dollar bonds.
But payments on onshore bonds continue...
JUST IN:
China commodities jump in night session as global benchmarks surge, #zinc futures rise more than 7%, thermal #coal futures up 5%, #coke futures, #cotton futures up 4%, aluminum futures up 3%. #China#commodities#futures
#China's most active #zinc futures hit limit up shortly after beginning of night trading session, last up 7.99%.
China's most-traded #nickel futures, #cotton yarn futures open up more than 2%.
#Breaking:
China's securities regulator CSRC, other depts are mulling rules to regulate financial activities of Tiger Brokers, Futu Securities in mainland China: Securities Times #China $TIGR $FUTU
China's CSRC, other depts are working to improve relevant regulatory rules to strengthen supervision and law enforcement, protect legitimate rights and interests of investors: Securities Times cites sources
$TIGR $FUTU #China
$FUTU, $TIGR plunge in US premarket trading, last down about 4.5%. #China
PBoC: #Evergrande's risks to financial system controllable.
PBoC urges developers, shareholders to fulfill debt obligations and asks banks to keep stable, orderly loans to real estate. #evergrande#China
PBoC: Risk exposure of Evergrande's debt problems on individual financial institutions is not big. Relevant departments and local governments are resolving Evergrande's debt problems according to law. #China#Evergrande
JUST IN:
$FUTU, $TIGR fall more than 3% in US premarket.
#China's state-owned newspaper People's Daily Online says internet brokerages providing cross-border services like Tiger Brokers, Futu Securities could face risks in user information security, legalization, and compliance.
People's Daily Online cites Personal Information Protection Law that will take effect on Nov 1, 2021.
$FUTU $TIGR
$TIGR extends decline to 6.8% in US premarket trading, $FUTU down 6.3%; #China's state-owned newspaper raises problem of user information security.