PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: TSMC (2330 TT) Q1 (TWD) net 572.5bln (exp. 542.38bln), op. profit 659bln (prev. 407.1bln Y/Y), rev. 1.13tln (prev. 839.3bln Y/Y)
TAIWAN
Largan Precision (3008 TT) - Co. Q1 (TWD) net fell 5% Y/Y to 6.12bln, rev. rose 7% Y/Y to 15.54bln, while gross margin was the highest in three quarters at 49.4% (prev. 54.63% Y/Y) with the Co. citing eased inventory write-downs. (Taipei Times)
TSMC (2330 TT) - Co. Q1 (TWD) net 572.5bln (exp. 542.38bln), op. profit 659bln (prev. 407.1bln Y/Y), rev. 1.13tln (prev. 839.3bln Y/Y) and guides Q2 rev. 39-40.2bln (exp. 38.1bln), gross margin 65.5-67.5% (exp. 64.1%), op. margin 56.5-58.5% (exp. 55.3%), while raising FY26 revenue growth to above 30% and placing capex at the upper end of the 52-56bln range, citing strong and increasing AI demand and plans to expand N3 capacity. (Newswires)
SINGAPORE
Frasers Logistics & Commercial Trust (FLT SP) - Co. has completed the acquisition of a freehold logistics property in Hapert, the Netherlands, for EUR 43mln with the deal expected to be accretive to distribution per unit. (Business Times)
Keppel Pacific Oak US REIT (KORE SP) - Co. Q1 (USD) distributable income rose 4.3% Y/Y to 10mln. (Business Times)
Yangzijiang Maritime (8YZ SP) - Co. has signed contracts to acquire eight VLCC newbuilds and sell four medium-range tankers. (Business Times)
TSMC's Q1 earnings surpassed expectations with a net income of TWD 572.5 billion, reflecting significant operational growth, particularly in the context of rising AI demand. This positive outlook, including a revenue guidance hike for Q2 and a forecasted FY26 growth of over 30%, suggests strong underlying momentum for the semiconductor sector and may influence sentiment in both Taiwan equities and broader tech markets.