PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Tech stocks are in focus amid the fallout from reports of NVIDIA CEO Huang's affair with an executive and with the board said to be preparing to oust him
Newsquawk Staff ·
TAIWAN
Quanta Computer (2382 TT) - Co. expects double-digit growth in its server business next year, following strong AI and general-purpose server shipments, with servers accounting for over 80% of Q3 revenue of TWD 1.12tln and their contribution expected to rise to 85-90% next year. (Taipei Times)
Ta Liang Technology (3167 TT) - Co. forecasts double-digit growth in PCB equipment shipments next year, supported by sustained AI demand, with orders exceeding 1,000 units from PCB customers. (Taipei Times)
Tech – Nasdaq 100 outperformed stateside as the tech rebound continued and with CoreWeave earnings helping ease AI-related concerns, although futures are pressured overnight with NVIDIA shares declining 7% after a report that its CEO Jensen Huang had an affair with a Co. executive and with the board reportedly preparing to oust him.
SINGAPORE
City Developments (CIT SP) - Co. expects significantly weaker H2 FY26 financial performance as certain capital-recycling transactions are now expected to complete in FY27, compared with H2 FY25 when the Co. recorded a SGD 473.1mln gain from the South Beach Consortium divestment. (Straits Times)
Singapore Airlines (SIA SP) - Co. H1 (SGD) net fell 43.9% Y/Y to 134mln, rev. rose 16.8% Y/Y to 11.3bln, with higher jet fuel costs offsetting stronger passenger and cargo demand. (Straits Times/Nikkei)
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