PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: Singtel (ST SP) H2 (SGD) net fell 20.9% Y/Y to 2.2bln, underlying net profit rose 10.6% Y/Y to 1.4bln, rev. rose 2.7% Y/Y to 7.4bln, FY net 5.61bln (prev. 4.17bln Y/Y)

TAIWAN

Far EasTone Telecommunications (4904 TT) - Co. said high-speed broadband satellite services from Amazon Leo could become available in Taiwan as soon as next year, as it works to clear major regulatory hurdles. (Taipei Times)

Airlines - EVA Air (2618 TT) and Starlux (2646 TT) retained Skytrax 5-star airline status. (Focus Taiwan)

Other News

Taiwan President Lai announced the government will provide a TWD 5,000 monthly allowance for every person aged 18 or younger as part of a new response to the nation’s declining birthrate. Lai also said he will soon propose hundreds of billions of Taiwan dollars in subsidies to help small businesses improve operations and ease the financial burden on families raising children. (Taipei Times/Focus Taiwan)

SINGAPORE

City Developments (CIT SP) - Co. Q1 Singapore property sales fell to 242 units with a total sales value of SGD 609.6mln, while global hotel operations recorded higher revenue per available room. (Business Times)

Singapore Telecommunications (ST SP) - Co. H2 (SGD) net fell 20.9% Y/Y to 2.2bln, underlying net profit rose 10.6% Y/Y to 1.4bln, rev. rose 2.7% Y/Y to 7.4bln, FY net 5.61bln (prev. 4.17bln Y/Y), EBITDA 3.85bln (prev. 3.79bln Y/Y), underlying rev. 14.3bln (prev. 14.1bln Y/Y), while it will transfer its stake in Superbank to GXS Bank. (Newswires/Business Times)