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)