PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Powertech Technology (6239 TT) expects Q4 net profit to rise Q/Q from TWD 2.61bln in Q3
ORIGINAL · NewsquawkPRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Powertech Technology (6239 TT) expects Q4 net profit to rise Q/Q from TWD 2.61bln in Q3Read originalHide original
TAIWAN Powertech Technology (6239 TT) - Co. expects Q4 net profit to rise Q/Q from TWD 2.61bln in Q3, supported by price increases driven by rising raw material costs and memory chip shortages amid strong AI demand, with customers showing high acceptance of price adjustments. (Taipei Times) PC Makers - HP (HPQ), Asus (2357 TT) and Acer (2353 TT) are reportedly shifting some PC production from Thailand and Vietnam back to China to offset soaring component costs driven by AI-related memory and storage shortages. (Nikkei) Tech - Nasdaq outperformed during Wall St trade as tech continued to rebound from recent AI-related woes, while participants digested SK Hynix earnings overnight. Other News Taiwan's proposed 2027 general budget, including funding for TWD 10,000 cash handouts, has been referred to committee review in the Legislative Yuan. (Focus Taiwan) SINGAPORE CapitaLand India Trust (CLINT SP) - Co. 9M (SGD) property income 206.4mln (prev. 225.2mln Y/Y). (Newswires) Keppel REIT (KREIT SP) - Co. 9M (SGD) net property income 181.8mln (prev. 161.3mln Y/Y), attributable net property income 166.4mln. (Newswires) Mapletree Industrial Trust (MINT SP) - Co. Q2 (SGD) net property income 119.8mln (prev. 124.0mln Y/Y), rev. 167.0mln (prev. 170.2mln Y/Y), with yen depreciation against the SGD weighing on revenue. (Newswires)
Powertech forecast higher Q4 profit; Singapore REIT results varied. The report also covered a proposed Taiwan budget, reported PC production shifts and market context.
News detail
TAIWAN Powertech Technology (6239 TT) - Co. expects Q4 net profit to rise Q/Q from TWD 2.61bln in Q3, supported by price increases driven by rising raw material costs and memory chip shortages amid strong AI demand, with customers showing high acceptance of price adjustments. (Taipei Times) PC Makers - HP (HPQ), Asus (2357 TT) and Acer (2353 TT) are reportedly shifting some PC production from Thailand and Vietnam back to China to offset soaring component costs driven by AI-related memory and storage shortages. (Nikkei) Tech - Nasdaq outperformed during Wall St trade as tech continued to rebound from recent AI-related woes, while participants digested SK Hynix earnings overnight. Other News Taiwan's proposed 2027 general budget, including funding for TWD 10,000 cash handouts, has been referred to committee review in the Legislative Yuan. (Focus Taiwan) SINGAPORE CapitaLand India Trust (CLINT SP) - Co. 9M (SGD) property income 206.4mln (prev. 225.2mln Y/Y). (Newswires) Keppel REIT (KREIT SP) - Co. 9M (SGD) net property income 181.8mln (prev. 161.3mln Y/Y), attributable net property income 166.4mln. (Newswires) Mapletree Industrial Trust (MINT SP) - Co. Q2 (SGD) net property income 119.8mln (prev. 124.0mln Y/Y), rev. 167.0mln (prev. 170.2mln Y/Y), with yen depreciation against the SGD weighing on revenue. (Newswires)
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