PRE-MARKET TAIWAN & SINGAPORE STOCKS NEWS: Asustek (2357 TT) Q1 (TWD) net fell 23% Y/Y to 9.8bln, rev. rose 44% Y/Y to 194.05bln, while it expects revenue to remain strong this quarter
TAIWAN
Asustek (2357 TT) - Co. Q1 (TWD) net fell 23% Y/Y to 9.8bln, rev. rose 44% Y/Y to 194.05bln, and expects revenue this quarter to remain strong, driven by AI server growth and a sequential rebound in PC sales. (Taipei Times)
China Steel (2002 TT) - Co. will raise domestic prices of all products next month as the global steel market recovers amid strong demand, higher raw material costs and tight supply. (Taipei Times)
TSMC (2330 TT) - Co. approved a USD 31.28bln capital budget for production expansion to meet long-term development needs during the AI boom. (Taipei Times)
SINGAPORE
Genting Singapore (GENS SP) - Co. is rolling out new attractions as Middle East tensions weigh on earnings. (Straits Times)
Asustek's Q1 results reflect a mixed performance; while net profit fell significantly, revenue surged, indicating strong demand, particularly driven by AI server growth. The expectation of continued strong revenue this quarter suggests resilience despite the net profit decline, potentially positioning the company favorably in the tech sector. Investors should assess how these results influence sentiment around Taiwan's equities and the technology supply chain amidst broader market conditions.