PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Keppel (KEP SP) 9M net rose 20% Y/Y, recurring income rose over 10% Y/Y,

Macronix International (2337 TT) - Co. Q3 (TWD) net 10.95bln (prev. loss 862mln Y/Y), rose 42% Q/Q to a record high from 7.74bln. (Taipei Times)

Tech - Emini Nasdaq 100 futures declined after-hours as Alphabet shares fell around 9% following its earnings.

CapitaLand Integrated Commercial Trust (CICT SP) - Co. Q3 (SGD) net property income rose 13.8% Y/Y to 334.9mln, gross rev. rose 15% Y/Y to 464.5mln. (Newswires)

CDL Hospitality Trusts (CDREIT SP) - Co. Q3 (SGD) net property income rose 7% Y/Y to 36.7mln, rev. rose 4% Y/Y to 72.0mln. (Newswires)

Far East Hospitality Trust (FEHT SP) - Co. Q3 (SGD) net property income rose 6.6% Y/Y to 27.6mln, gross rev. rose 7.2% Y/Y to 32.6mln. (Newswires)

Keppel (KEP SP) - Co. 9M net rose 20% Y/Y, recurring income rose over 10% Y/Y, completed approximately SGD 940mln in asset monetisation. (Newswires)

Mapletree Logistics Trust (MLT SP) - Co. H1 (SGD) net property income rose 1.5% Y/Y to 311.2mln, rev. rose 1.1% Y/Y to 358.9mln. (Newswires)

A pre-market Asian roundup of this kind tends to move only the named names, and the read splits cleanly by sector. Macronix's swing from loss to a record quarter is the sharper print; memory names of its tier trade on the pricing cycle, and quarters where contract prices turn from trough to recovery have historically repriced the whole peer set rather than just the reporter, so the follow-through tell is the sector tape in Taipei rather than the single stock. The Singapore REIT block is a different animal: mid-single-digit to low-teens net property income growth reads as steady rather than surprising, and for these names the operative variables have been distribution coverage, funding costs against the local rate path, and in the hospitality trusts the tourism and room-rate trend, not any one quarter's NPI. Keppel's recurring income emphasis and asset monetisation total fit the pattern of conglomerates being valued on the shift from lumpy development gains toward annuity-type earnings, a re-rating logic that has played out across the Singapore industrial complex on prior occasions. The Alphabet after-hours drop is the item with the broadest spillover, dragging Nasdaq futures and the regional tech open through the usual futures-to-cash transmission. Otherwise a short, correct read: watch whether sector breadth confirms or isolates each print.