PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Hon Hai (2317 TT) and India-based HCL Group held a groundbreaking ceremony for their JV semiconductor facility in India on Saturday; Taiwan markets reopen following the Chinese New Year holiday closure
Newsquawk Staff ·
TAIWAN
Hon Hai (2317 TT) - Co. and India-based HCL Group held a groundbreaking ceremony for their JV semiconductor facility in India on Saturday. (Focus Taiwan)
SINGAPORE
CapitaLand Ascott Trust (HMN SP) - Co. acquired three freehold rental housing properties in Japan for JPY 4.6bln and said the acquisition will be funded via JPY-denominated debt. (Dow Jones Newsplus)
Raffles Medical Group (RFMD SP) - Co. H2 (SGD) net profit rose 21.7% Y/Y to 38.5mln, revenue increased 0.3% Y/Y to 386.9mln. (Dow Jones Newsplus)
Seatrium (SMM SP) - Co. expects to achieve over SGD 50mln in annualised operational cost savings, with savings driven by non-core asset divestments to be completed by early 2026 as part of an accelerated asset portfolio optimisation strategy. (Dow Jones Newsplus)
Other News - Singapore Deputy PM Gan Kim Yong said the government will engage with US counterparts to seek clarity on the implementation of a potential new 15% tariff on all goods entering the US from February 24th. (Straits Times)
- [MARKET ANALYSIS] Oil prices rebounded after recent choppy price action amid mixed geopolitical headlines, while an inconclusive Israeli election adds to the uncertainty
- Israel exit poll shows Israeli PM Netanyahu's coalition wins 50 seats, opposition wins 52 seats and Arab-led parties win 18 seats
- Israeli election exit poll: Netanyahu bloc 55 seats; opposition bloc 49; Arab parties bloc 16, i24NEWS reports
- Netanyahu’s Likud Party to be largest in Knesset, reports Channel 12 Exit Poll; no clear winner in Israeli election
- CRUDE WRAP: WTI (Z6) SETTLES USD 1.86 LOWER AT 99.90/BBL; BRENT (F7) SETTLES USD 1.33 LOWER AT 109.41/BBL
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