PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: TSMC (2330 TT) reported February sales rose 22.2% Y/Y to TWD 317.66bln
TAIWAN
Asustek Computer (2357 TT) - Co. Q4 (TWD) net rose 596% Y/Y to 11.4bln, rev. rose 34% Y/Y to 189.82bln. (Taipei Times)
Innolux (3481 TT) - Co. will sell a panel module assembly facility in Tainan to ChipMOS Technologies (8150 TT) for TWD 880mln. (Taipei Times)
TSMC (2330 TT) - Co. reported February sales rose 22.2% Y/Y to TWD 317.66bln, while forecasting about 30% revenue growth in USD terms this year. (Taipei Times)
Other News
Taiwan is reportedly considering selling debt for the first time to finance overseas investments as it seeks to counter diplomatic pressure from China. (Taipei Times)
Taiwan’s Ministry of National Defence said it has received a letter of acceptance from the US for the sale of High Mobility Artillery Rocket System (HIMARS), which expires on March 26. (Taipei Times)
SINGAPORE
ComfortDelGro (CD SP) - Co. is to invest more than SGD 200mln in training facilities. (Newswires)
Jardine Matheson (JM SP) - Co. FY (USD) underlying profit rose 11% Y/Y to 1.7bln, rev. fell 4% Y/Y to 34.2bln. (Straits Times)
Yangzijiang Shipbuilding (YZJ SP) - Co. is to acquire a 10% stake in maritime holding company Poseidon Corp for USD 825.7mln. (Newswires)
TSMC's strong February sales growth of 22.2% year-over-year is a positive indicator for the semiconductor sector, pointing to robust demand. Coupled with their forecast of approximately 30% revenue growth in USD terms for the year, this bodes well for investor sentiment towards the company and the broader Taiwanese market. The context of geopolitical developments, particularly in relation to China, also adds a layer of complexity for risk management in these equities.