PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: TSMC July sales rose to a record, Nasdaq 100 finished with mild losses during US trade amid higher yields and rising oil due to geopolitical uncertainty, although Nasdaq futures partially rebound overnight
TSMC's record July sales and Singapore's upgraded GDP forecast highlight strong regional growth, while US tech faces mild pressure from yields and geopolitical oil price increases.
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TAIWAN Foxtron Vehicle Technologies (2258 TT) - Co.-codeveloped a new battery electric vehicle with Mitsubishi Motors New Zealand, with the model set to be introduced in New Zealand in Q4. (Taipei Times) Qisda (2352 TT) - Co. expects revenue to improve Q/Q this quarter, driven by business solutions, medical and AI infrastructure products, while H2 revenue is expected to exceed H1 revenue of TWD 104.3bln after Q2 revenue fell 1% Y/Y to TWD 52.73bln. (Taipei Times) TSMC (2330 TT) - Co. July sales rose 44.7% Y/Y and 5.6% M/M to a record TWD 467.58bln, supported by strong global demand for advanced chipmaking processes amid the AI boom. (Focus Taiwan) Tech – Nasdaq 100 finished with mild losses during US trade amid higher yields and rising oil due to geopolitical uncertainty, although Nasdaq futures partially rebound overnight. Other News Taiwan’s inflation-adjusted average monthly regular wages in the industrial and service sectors rose 1.16% Y/Y to TWD 44,119 in H1, marking the strongest first-half growth in six years. (Focus Taiwan) SINGAPORE Concord New Energy (CONNE SP) - Co. expects H1 net of CNY 90-100mln (prev. CNY 292mln Y/Y), with power generation expected to fall 66-69% amid grid absorption constraints and climate fluctuations. (Business Times) Fraser and Neave (FNN SP) - Co. 9M (SGD) net before exceptional items rose 10.4% Y/Y to 130.6mln, rev. fell 6% Y/Y to 1.7bln. (Business Times) Ho Bee Land (HOBEE SP) - Co. H1 (SGD) net rose 3% Y/Y to 51.1mln, rev. rose 30% Y/Y to 230.5mln. (Business Times) NetLink NBN Trust (NETLINK SP) - Co. Q1 (SGD) net fell 22.4% Y/Y to 18.1mln, rev. fell 1.4% Y/Y to 101.3mln. (Business Times) ST Engineering (STE SP) - Co. secured SGD 2.9bln of new contracts in Q2, comprising SGD 1.2bln each from commercial aerospace and defence and public security, and SGD 500mln from urban solutions and satcom. (Business Times) UOB Kay Hian (UOBK SP) - Co. H1 (SGD) net rose 66% Y/Y to 164.7mln, rev. rose 41.8% Y/Y to 481.1mln. (Business Times) Other News Singapore raised its 2026 GDP growth forecast to 4.5-5.5% from 2-4%, following stronger-than-expected growth in H1. (The Straits Times)
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