PRE-MARKET TAIWAN AND SINGAPORE STOCK NEWS: Gigabyte (2376 TT) expects H2 revenue and earnings to outperform H1, Nasdaq declined in US trade as oil and yields climbed, while futures are rangebound overnight, although Asia tech stock show momentum
Newsquawk Staff ·
TAIWAN
Gigabyte Technology (2376 TT) - Co. expects H2 revenue and earnings to outperform H1 levels, driven by AI computing demand and faster customer deployment. (Taipei Times)
Tech – Nasdaq declined during US trade as oil and yields climbed amid geopolitical uncertainty, while futures are rangebound overnight, although tech stocks in Asia gain momentum as South Korea returns from the long weekend.
Other News
Taiwan's government plans to allocate TWD 235.7bln in the 2027 budget to fund a TWD 10,000 cash payment for every citizen, with President Lai citing strong economic growth and the benefits of the AI boom. (Taipei Times)
Taiwan's excess savings are expected to reach a record TWD 11tln next year as the AI boom boosts exports and the current account surplus, according to the DGBAS. (Taipei Times)
SINGAPORE
Elite UK REIT (ELITE SP) - Co.’s wholly-owned subsidiary entered into a GBP 50mln, 48-month term and revolving facilities agreement to refinance existing loans and support working capital, with GBP 22mln already drawn. (Business Times)
Koh Brothers Eco Engineering (KBE SP) - Co. disclosed three legal disputes with potential liabilities of up to SGD 57.6mln, while saying it remains a going concern ahead of a shareholder vote on its proposed transfer to the SGX Mainboard. (Business Times)
Singapore Airlines (SIA SP) - Co. July group passenger traffic rose 2.6% Y/Y, while SIA and Scoot carried a combined 3.7mln passengers, up 4% Y/Y; passenger capacity rose 5.5% and passenger load factor was 86%. (Business Times)
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