PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Keppel REIT (KREIT SP) Q1 (SGD) net property income 59.9mln (prev. 54.6mln Y/Y), property income 78.6mln (prev. 68.7mln Y/Y)
TAIWAN
Aerospace Industrial Development Corp. (2634 TT) - Co. expects stable operations this year supported by commercial business with Airbus SE and Boeing Co., alongside military aircraft maintenance and government energy projects. (Taipei Times)
SINGAPORE
China Aviation Oil (CAO SP) - Co. reiterated it does not expect the merger between its parent China National Aviation Fuel and Sinopec to have a material impact on its normal business operations or those of its subsidiaries. (Business Times)
Frasers Centrepoint Trust (FCT SP) - Co. is in the process of divesting its White Sands shopping mall in Pasir Ris, with TE Capital reportedly in exclusive due diligence for the deal. (Business Times)
Keppel REIT (KREIT SP) - Co. Q1 (SGD) net property income 59.9mln (prev. 54.6mln Y/Y), property income 78.6mln (prev. 68.7mln Y/Y), NPI attributable to unitholders 54.7mln (prev. 50.1mln Y/Y), distributable income from operations 57.9mln (prev. 48.4mln Y/Y). (Dow Jones Newsplus)
Keppel REIT's Q1 results show a significant year-over-year improvement in net property income and property income, indicating strong operational performance. This beat on expectations could bolster investor confidence in the REIT, particularly in the context of rising property demand in Singapore, and potentially influence broader market sentiment in Asian equities today.