PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: ST Engineering (STE SP) Q1 (SGD) rev. rose to 3.26bln (prev. 2.92bln Y/Y)
TAIWAN
TSMC (2330 TT) - Co. announced on Friday that it plans to sell up to 152mln shares in Vanguard International Semiconductor Corp., while maintaining its strategic cooperation with the company. It was also reported that Co. JV Japan Advanced Semiconductor Manufacturing Inc, which operates the fab in Kumamoto, Japan, swung to profit in Q1 with a profit at TWD 951mln vs prev. loss of TWD 1.39bln Q/Q and loss of TWD 3.25bln Y/Y. (Taipei Times)
Geopolitical
Taiwan’s President Lai Ching-te said on Sunday that Taiwan will never be sacrificed or traded, after US President Trump recently described a planned USD 14bln arms sale to Taipei as a bargaining chip with China. (Newswires)
SINGAPORE
Keppel (KEP SP) - Co. respects Singapore regulator’s suspension of its review of the proposed consolidation of M1 and Simba, will start executing Plan B for M1, remains focused on improving M1 EBITDA through cost cuts and rightsizing, remains open to M1 divestment opportunities and said its target to monetise SGD 2.0bln-3.0bln of non-core assets in 2026 remains unchanged. (Dow Jones Newswires)
Singapore Land Group (SPLG SP) - Co.’s subsidiary Singland Properties entered share sale agreements with UOB to acquire all shares held by UOB in Novena Square Development and Novena Square Investments for aggregate consideration of SGD 299mln in cash, with the transactions to enhance its share of recurring income from a stabilised asset. (Dow Jones Newswires)
ST Engineering (STE SP) - Co. Q1 (SGD) rev. rose to 3.26bln (prev. 2.92bln Y/Y), Q1 contract wins were SGD 4.8bln, order book was SGD 34.5bln as of March 31 and Co. continues to monitor impacts of the Middle East conflict. No absolute net profit or earnings per share figures were disclosed for the quarter, though the group noted that its year-on-year net profit growth outperformed its rebased revenue growth. (Dow Jones Newsplus/Business Times)
United Overseas Bank (UOB SP) - Co. will dispose all of its shares in Novena Square Development and Novena Square Investments to Singland Properties for aggregate consideration of SGD 299mln in cash as part of its capital reallocation strategy. (Dow Jones Newswires)
ST Engineering's Q1 revenue growth to SGD 3.26 billion from SGD 2.92 billion year-on-year suggests robust demand and operational efficiency. The company’s strong order book of SGD 34.5 billion and notable contract wins indicate sustained momentum, which could positively influence investor sentiment and support stock performance amid geopolitical uncertainties.