PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Far EasTone Telecommunications (4904 TT) said ICT services revenue is expected to grow by a double-digit percentage this year
TAIWAN
Far EasTone Telecommunications (4904 TT) - Co. said ICT services revenue is expected to grow by a double-digit percentage this year, supported by strong demand for smart city and smart medical services. (Taipei Times)
Formosa Chemicals and Fibre Corp (1326 TT) - Co. is said to declare a force majeure from April. (Newswires)
Yesiang Enterprise (6692 TT) - Co. said it aims to grow revenue by at least a double-digit percentage this year. (Taipei Times)
Data Recap
- Taiwan Industrial Production YY (Feb) 17.83% (Prev. 28.51%, Rev 27.88%)
SINGAPORE
Other News
Singapore is seeking deeper ties with Germany to boost trade between ASEAN and the EU, according to Deputy PM Gan Kim Yong. (Straits Times)
Far EasTone Telecommunications expects a strong year with ICT services revenue projected to grow by double digits, driven by demand for smart city and medical services. This signals robust growth potential in Taiwan's tech sector, which may influence investor sentiment toward regional equities. Additionally, the industrial production data shows a moderation from previous highs, indicating potential cooling in broader economic momentum.