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