PRE-MARKET TAIWAN AND SINGAPOREAN STOCK NEWS: Advantech reports strong revenue figures

Taiwan    

Advantech (2395 TT) - Co. Q2 revenue rose 46% Y/Y to TWD 26.13bln, while H1 revenue grew 32.18% Y/Y to TWD 46.51bln. (Taipei Times)  

E&R Engineering (8027 TT) - Co. said revenue this year would grow at least 20%, benefiting from strong demand from customers in China and North America. (Taipei Times)     

Jentech Precision Industrial (3653 TT) - Co. revenue in Q2 rose 37.1% Q/Q and 40.39% Y/Y to TWD 7.27bln, topping the TWD 6.32bln consensus estimate. (Taipei Times)     

M&A - The FSC approved the two major deals; the merger of Bank SinoPac (2890 TT) and King’s Town Bank (2809 TT), and the acquisition of Mercuries Life Insurance (2867 TT) by E.Sun Financial (2884 TT).    

Singapore    

Frasers (FPL SP) - Co. plans to sell 5 properties in Australia for AUD 288.6mln. (Frasers)      

Other News    

• Singapore is tightening enforcement and increasing penalties for traffic violations.    
• Singapore’s acting Transport Minister says around USD 800mln will be injected into the transport sector over the next 5 years to strengthen the country’s position as a global transport and logistics hub.     
• Singapore Central Bank has revealed proposals for a protected cell company framework designed to lower the cost and complexity of establishing captive insurance, insurance-linked securities and sovereign risk pool structures.