PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: TSMC (2330 TT) and Sony (6758 JT) plan to invest in an advanced image-sensor plant in Kumamoto, targeting mass production from 2029 through a new joint venture
TSMC and Sony plan a 1 trillion yen joint sensor plant, while TSMC increases capex to $64B. Compal and SPIL expand for AI servers, and SGX reports 14% revenue growth.
News detail
TAIWAN Compal Electronics (2324 TT) - Co. is expanding capacity in Taiwan, Vietnam and the US as it increases its focus on AI servers amid strong demand for computing infrastructure. (Nikkei) Siliconware Precision Industries - Co. has begun construction of a TWD 100bln chip-packaging plant in Yunlin County to expand capacity amid AI-driven supply constraints. (Newswires) TSMC (2330 TT) - Co. and Sony (6758 JT) plan to invest in an advanced image-sensor plant in Kumamoto, targeting mass production from 2029 through a new joint venture; Co. also approved a USD 29.44bln capital budget for expansion amid continued AI demand. (Nikkei/Focus Taiwan) Tech - Nasdaq 100 was lacklustre during US trade and finished with mild losses, although futures attempt a modest rebound overnight. SINGAPORE CapitaLand Integrated Commercial Trust (CICT SP) - Co. H1 (SGD) distributable income rose 13.3% Y/Y to 466.7mln, DPU rose 7.1% Y/Y to 0.0602. (Business Times) Frasers Property (FPL SP) - Co. will seek shareholder approval on Aug. 28 for a proposed optimisation of Frasers Hospitality Trust's portfolio as part of efforts to unlock capital from stabilised assets and sharpen its hospitality strategy. (Business Times) Keppel (KEP SP) - Co.'s wholly owned connectivity subsidiary Keppel Kruger Holdings was granted a facilities-based operator licence by Singapore's IMDA, allowing it to own and operate telecommunications infrastructure and provide services linked to the Kruger Cable System. (Business Times) Singapore Exchange (SGX SP) - Co. July securities market turnover rose 37% Y/Y to SGD 46.2bln, derivatives traded volume rose 16% Y/Y to 33.9mln contracts, while derivatives daily average volume rose 16% Y/Y to 1.5mln contracts. (Newswires) Yangzijiang Shipbuilding (YZJ SP) - Co. H1 (CNY) net rose 28.4% Y/Y to 5.4bln. (Business Times)
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