台積電（2330）法說會將於下周四（7月17日）登場，國泰證期垂問處司理蔡明翰、同一投顧董事長黎方國今（11）日接管採訪時，點出五大重點，此中一點最環節。國泰證期參謀協理蔡明翰則直言，若台積電董事長魏哲家能再度重申全年營收年增逾兩成，將成為股價轉強的主要利多訊號。

蔡明翰指出，台積電在本年股東會上已明白默示，儘管面臨全球關稅不肯定性、新台幣升值等挑戰，公司對2025年營運仍佈滿決心信念。

當時預期全年美元營收將年增24%至26%，遠優於整體晶圓代工產業約2%的成長幅度，若法說會中重申此目標，將釋出正向訊號，對股價有支持作用。

黎方國則以大立光為例申明，第二季因匯損被吃掉三個股本，凸顯匯損對企業財報的衝擊，市場也關注台積電是不是也將面對雷同匯損壓力，成為將來獲利成長的一大挑戰。

重點四：毛利率會不會下調和水平

黎方國彌補，在匯率走升壓力下，台積電原預估58%至59%的毛利率，恐出現下修，但要能守住55%水準，不然會影響投資人對公司獲利能力的信心。

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國泰證期參謀協理蔡明翰則直言，若台積電董事長魏哲家能再度重申全年營收年增逾兩成，將成為股價轉強的主要利多訊號。