PRE-MARKET TAIWAN AND SINGAPOREAN STOCK NEWS: Unimicron seeks USD 1.4bln from GDS sale, United Microelectronic reports +22.9% Y/Y June revenue
Iran's IRGC fired at least two missiles at ships in the Strait of Hormuz, a US official tells Axios' Ravid; Two commercial ships were hit and suffered significant damages but no casulties
PBoC is expected to set USD/CNY mid-point at 6.7838 (prev. 6.8066)
PRE-MARKET TAIWAN AND SINGAPOREAN STOCK NEWS: Unimicron seeks USD 1.4bln from GDS sale, United Microelectronic reports +22.9% Y/Y June revenue
Lebanese President Aoun is preparing a visit to the White House to meet US President Trump before the end of July, according to Al-Nahar
[MARKET UPDATE] Asia-Pac equities open lower (KOSPI -1.6%, Nikkei 225 -0.3%, ASX 200 -0.1%); Samsung Electronics (-3%) slumps despite Q2 op. profit beat, highlighting the continued volatility of South Korean tech
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Taiwan
Accton Technology (2345 TT) - Co. reports June revenue of TWD 39.55bln (prev. 24.54bln Y/Y). (Accton Technology)
Apacer Technology (8271 TT) - Co. reports June revenue of TWD 2.91bln (prev. 0.97bln Y/Y). (Apacer Technology)
Ennoconn (6414 TT) - Co. posted record sales for last month and the second quarter as June revenue rose 57% Y/Y to TWD 17.66bln and Q2 revenue grew 37.8% Y/Y to TWD 47.8bln. (Taipei Times)
HIWIN Technologies (2049 TT) - Co. reports June revenue of TWD 2.55bln (prev. 1.94bln Y/Y). (HIWIN Technologies)
Kau Du Automobile (2218 TT) - Co. reports June revenue of TWD 2.69bln (prev. 2.06bln Y/Y). (Kau Du Automobile)
King Slide Works (2059 TT) - Co. posted its strongest-ever Q2 revenue, with April-to-June consolidated sales rose 156% Y/Y to TWD 10.83bln and beat estimates of TWD 7.5-8.3bln.. (Taipei Times)
Nasdaq - Nasdaq outperformed its US peers following the long Independence Day weekend. Technology led the advance. Semiconductor stocks were among the strongest performers (SOXX +3%), while memory names rallied around 7%. NQ futures have since pulled back following the Samsung preliminary earnings, in which operating profit beat estimates while revenue missed consensus.
Realtek Semiconductor (2379 TT) - Co. reports June revenue of TWD 12.31bln (prev. 10.21bln Y/Y). (Realtek Semiconductor)
Taiwan Surface Mounting (6278 TT) - Co. reports June revenue of TWD 4.38bln (prev. 4.01bln Y/Y). (Taiwan Surface Mounting)
United Microelectronics (2303 TT) - Co. reports June revenue of TWD 23.1bln, +22.9% Y/Y; YTD revenue TWD 129.8bln, +11.3% Y/Y. (United Microelectronics)
Unimicron Technology (3037 TT) - Co. is reportedly seeking as much as USD 1.4bln from the sale of its GDS, aiming to sell 50mln shares at USD 26.96-27.76/shr (3-6% discount to Monday's close of USD 28.59). (Bloomberg)
Singapore
Disa (DISA SP) - Co. announced the issuance of 10% convertible bonds for a principal amount of SGD 5mln. (Disa)
Other News
- Singaporean prosecutors filed additional charges against Alan Wei Zhaolun in an AI Server fraud case, in a growing attempt to clamp down on Nvidia (NVDA) chips being diverted illicitly to other countries, including China.
- Singapore and Indonesia have signed a new agreement on carbon credits under a MoU.
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