PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Nasdaq 100 lagged during US trade although futures mildly rebound overnight, while tech regained momentum in early Asia trade
Taiwanese tech firms see rising demand in automation, while Singaporean companies focus on capital market upgrades and steady earnings growth amid a broader Asia-Pac market rebound.
News detail
TAIWAN Techman Robot - Co. showcased its new TM45S heavy-load dual-arm collaborative robots for AI server assembly and semiconductor handling at the Taipei International Industrial Automation Exhibition amid rising demand. (Taipei Times) Nexcom International - Co. remains cautiously optimistic on H2 performance, supported by a solid order backlog; Q1 revenue fell 30.49% Y/Y to TWD 1.15bln, while Q2 revenue rose 13% Y/Y to TWD 1.68bln. (Taipei Times) Tech – Nasdaq 100 lagged during US trade although futures mildly rebound overnight, while tech regained momentum in early Asia trade. Other News China has compromised Taiwanese overseas diaspora groups, according to Overseas Community Affairs Council Minister Hsu Chia-ching, who confirmed comments by DPP Legislator Michelle Lin. (Taipei Times) SINGAPORE Kimly (KMLY SP) - Co. proposed transferring its listing from the SGX Catalist board to the mainboard, saying the move would raise its corporate profile, broaden its investor base and improve access to capital and strategic opportunities. (Business Times) OCBC (OCBC SP) - Co. priced GBP 1bln of floating-rate covered bonds due 2029 at compounded daily SONIA plus 0.48% per annum, with issuance expected on Aug 26 and SGX listing on Aug 27. (Business Times) Sats (SATS SP) - Co. Q1 (SGD) net rose 6% Y/Y to 75.1mln (prev. 70.9mln Y/Y), partly reflecting lower interest expense. (Business Times)
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