PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Hon Hai Precision Industry (2317 TT) Q4 (TWD) net fell 2% Y/Y to 45.21bln, rev. rose 22% Y/Y to 2.61tln; FY net rose 24% Y/Y to a record 189.35bln, rev. rose 18% Y/Y to a record 8.10tln

TAIWAN

Hon Hai Precision Industry (2317 TT) - Co. Q4 (TWD) net fell 2% Y/Y to 45.21bln, rev. rose 22% Y/Y to 2.61tln; FY net rose 24% Y/Y to a record 189.35bln, rev. rose 18% Y/Y to a record 8.10tln, Co. expects AI server rack shipments to grow at a "high double-digit" pace sequentially in the first quarter of this year. (Focus Taiwan)

Other News

Cathay Financial raised its forecast for Taiwan’s GDP growth this year to 5.8% from 3%, citing strong momentum driven by artificial intelligence-related exports and investment demand. (Taipei Times)

SINGAPORE

Singapore Airlines (SIA SP) - Co. low-cost unit Scoot reported Feb. passenger traffic rose 17.4% Y/Y to 3bln RPKs; SIA Group Feb. passenger traffic rose 3.8% Y/Y to 12.3bln RPKs. (Business Times)

Singapore Telecommunications (ST SP) - Co. mobile services were restored after an eight-hour outage on Monday, while the cause was unknown, although the Co. said it was not a cyberattack. (Business Times)

Yangzijiang Shipbuilding (YZJSGD SP) - UK High Court dismissed an appeal by claimants seeking USD 832.2mln from three wholly owned subsidiaries of the group. (Business Times)