PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Powerchip Semiconductor Manufacturing (6770 TT) Q1 (TWD) net 14.2bln (prev. loss 858mln Y/Y), rev. 13.6bln (prev. 11.1bln Y/Y)

Powerchip Semiconductor's strong Q1 performance, bouncing back from a loss to achieve a notable net profit, indicates robust recovery in the semiconductor sector, aligning with a significant surge in Taiwan's export orders.

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PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Powerchip Semiconductor Manufacturing (6770 TT) Q1 (TWD) net 14.2bln (prev. loss 858mln Y/Y), rev. 13.6bln (prev. 11.1bln Y/Y)

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TAIWAN

Largan Precision (3008 TT) - Co. will acquire facility equipment worth TWD 1.54bln. (Newswires)

Powerchip Semiconductor Manufacturing (6770 TT) - Co. Q1 (TWD) net 14.2bln (prev. loss 858mln Y/Y), rev. 13.6bln (prev. 11.1bln Y/Y). (Newswires)

Data Recap

  • Taiwan Export Orders Y/Y (Mar) 65.9% vs Exp. 41.0% (Prev. 23.8%)

SINGAPORE

DFI Retail Group (DFI SP) - Co. Q1 underlying profit from continuing operations rose 49% Y/Y and operating profit from continuing businesses rose 12% Y/Y, supported by lower financing costs and disciplined cost control. (Business Times)

Keppel Infrastructure Trust (KIT SP) - Co. is proposing to price SGD 200mln in notes due Apr. 28, 2033 at 2.8% per annum under its SGD 3bln multicurrency debt issuance programme. (Business Times)

Context

This improvement not only reflects enhanced operational efficiency but also suggests positive momentum for related industries, potentially influencing broader investor sentiment in Asian equities.

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