PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Tech stocks in focus amid a global rout, while TSMC is set to announce earnings later
The October 15 brief reported Asian technology-stock weakness, TSMC’s scheduled earnings announcement, Delta shipment expectations, and four Singapore company updates.
News detail
TAIWAN Delta Electronics (2308 TT) - Co. expects to ship 100 solid-state transformer (SST) units by year-end, with shipments forecast to increase significantly in 2028 amid strong demand from US and Chinese data centre operators and cloud service providers. (Taipei Times) TSMC (2330 TT) - Co. is to announce its Q3 earnings results today. Tech Nasdaq underperformed amid a tech rout, while the sell-off has rolled over into Asia with heavy losses in chip and memory-related stocks. SINGAPORE AIMS APAC REIT (AAREIT SP) - Co. Q2 DPU rose 5.4% Y/Y to SGD 0.02571, H1 DPU rose 4% Y/Y to SGD 0.04908, rev. rose 8.5% Y/Y to SGD 101.6mln, net property income rose 11.1% Y/Y to SGD 75.9mln. (Business Times) ComfortDelGro (CD SP) - Co. appointed Chew Hock Yong and Ang Fung Fung as independent non-executive directors effective November 1, while deputy chairman Choi Shing Kwok will retire on December 31. (Business Times) Hotel Properties Limited (HPL SP) - Co. said no decision has been made on the sale or redevelopment of its properties following reports that Hongkong Land is in talks to acquire majority stakes in Forum The Shopping Mall, HPL House and voco Orchard Singapore, adding that no transaction is certain. (Business Times) Zico Holdings (ZICO SP) - Co. said Singapore's High Court ordered Advanced Systems Automation (ASA SP) to provide SGD 42k in security for costs within 14 days in its legal action against subsidiary Zico Capital, with non-compliance resulting in dismissal of the action. (Business Times)
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