PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: Taiwan’s auto parts manufacturers are to benefit from the US’ preferential tariff treatment for non-semiconductor goods
Philippine Exports YoY (Apr) Y/Y 6.3% (Prev. 20.4%)
US President Trump says we completely sank the Iranian Navy and destroyed their air force, did not target all of Iran’s military leadership so that what happened in Iraq would not be repeated
PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: Taiwan’s auto parts manufacturers are to benefit from the US’ preferential tariff treatment for non-semiconductor goods
Romanian radio station reported a drone hit a residential building in Romania's Galati, close to the border with Ukraine
PBoC is expected to set USD/CNY mid-point at 6.7685 (prev. 6.8240)
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TAIWAN
Wiwynn (6669 TT) - Co. warned of shortages developing in vital data centre components beyond memory chips, which could slow or increase the cost of the global AI infrastructure buildout. (Bloomberg)
Auto parts manufacturers - Taiwan’s auto parts manufacturers are to benefit from the US’ preferential tariff treatment for non-semiconductor goods. (Taipei Times)
Other News
Taiwan Stock Exchange is working on improving a key trading system popular among retail investors and planning longer trading hours to attract more demand. (Taipei Times)
SINGAPORE
CapitaLand Ascott Trust (CLAS SP) - Co. will sell The Robertson House by The Crest Collection to an unrelated third party for SGD 360mln, with net proceeds of SGD 341.7mln expected and completion targeted in Q3 2026. (Business Times)
Keppel (KEP SP) - Co. started commercial operations at the 600MW Keppel Sakra Cogen Plant, Singapore’s first hydrogen-compatible combined cycle power plant, expanding its total power capacity by around 45%. (Business Times)
OKP Holdings (OKP SP) - Co. clinched a SGD 165.3mln contract from the Land Transport Authority for commuter infrastructure works and said its order book stood at SGD 760.7mln. (Business Times)
Seatrium (SMM SP) - Co. reported a net order book of SGD 15.5bln across 24 projects for Q1, with delivery dates until 2033, while gross margin strengthened and ongoing projects advanced in line with expectations. (Business Times)
ST Engineering (STE SP) - Co. appointed Jeffrey Lam as group deputy CEO, effective June 1. (Business Times)
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