Abstract: We analyzed the earnings revision of MS-Taiwan index constituents for April 2026, finding that the index's 2026E EPS rose 4.2% month on month to NT$79.54 (from NT$76.35 in March), with 49 stocks revised up versus 11 revised down. The MS-Taiwan index itself gained 25% in April, moving from 1,398 to 1,749, and individual stock EPS revisions contributed an estimated NT$3.39 to the index EPS change. On a stock level, the largest positive EPS impacts came from TSMC (+NT$1.70 to index EPS, stock EPS up 7.4%), Yuanta Financial (+NT$0.22, EPS +16.7%), Formosa Chemicals & Fibre (+NT$0.20, EPS +105.9%), and Nan Ya Plastics (+NT$0.18, EPS +28.6%). The steepest month-on-month EPS upgrades by percentage were Formosa Chemicals & Fibre (+106%), Formosa Plastics (+93.3%), and China Steel (+37.9%), while the largest EPS cuts were in Yang Ming Marine (-10.7%), Eva Airways (-8.9%), and China Airlines (-5.2%).
China Steel, Formosa Plastics, China Airlines, Yuanta Financial, Nan Ya Plastics, Yang Ming Marine
A monthly review of consensus earnings revisions for MSCI Taiwan constituents. Each issue estimates how the index's forward EPS changed over the month, and tabulates the stocks with the largest impact on index EPS alongside their EPS and revenue revisions. All issues of Index Earnings Revision Monthly →
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