DOMINANT PLAYER:Of the 10 stocks to go ex-dividend today, TSMC is the biggest player and analysts gave its shares a positive outlook in light of its market dominance
Date: Jun 26, 2017
By: Staff writer, with CNA
Contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is scheduled to go ex-dividend today, with the reference for its opening share price dropping by NT$7, or the equivalent of its dividend per share on last year’s earnings.
Some investors are likely to wait for TSMC’s share price to bounce back, while others might pocket their gains, market analysts said.
On Friday, shares of TSMC, the most heavily weighted stock in the local equity market, closed down 0.46 percent at NT$217 amid profit-taking by investors. In the past six trading sessions, TSMC shares rose NT$9, or 4.32 percent, on buying by local proprietary brokerages that were betting on the price rising after the ex-dividend date.
TSMC is the supplier of A11 chips for Apple Inc’s new iPhones that are expected to be launched in September. [FULL STORY]