Taiwan Semiconductor Will Keep Processing Bigger Gains

Earnings Performance - Taiwan Semiconductor Manufacturing Company (TSM) exceeded both top and bottom line estimates in its FY24 earnings [1] - The company's management guidance was well received, leading to a further upward push in the stock price [1] Investment Strategy - The investment approach focuses on identifying undervalued companies with strong fundamentals and significant growth potential [1] - Emphasis is placed on businesses with robust cash flows, strong balance sheets, and competent management teams [1] - The strategy maintains a long-term investment horizon to allow the investment thesis to materialize [1] - The goal is to generate superior risk-adjusted returns through disciplined research and strategic value investments in quality businesses [1]