PRE-MARKET TAIWANESE AND SINGAPOREAN STOCK NEWS: Adata expects another record profit, Powertech raises FY Capex by 25%
Taiwan
Adata Technology Co., Ltd. (3260 TT) - Co. Q1 (TWD) net rose around 1700% Y/Y to 9.53bln and expects to post another record-high profit this quarter amid a memory industry upcycle. (Taipei Times)
Powertech Technology Inc. (6239 TT) - Co. raised FY capital expenditure guidance by 25% to TWD 50.0bln to expand advanced packaging capacity for AI chip applications. (Taipei Times)
Singapore
CapitaLand Investment Ltd. (CLI SP) - Co. reiterated it would not pursue acquisitions solely to meet its SGD 200bln funds under management target by 2028 in response to a shareholder question on a rumoured Mapletree Investments deal. (Straits Times)
MoneyMax Financial Services Ltd. (MMFS SP) - Co. raised SGD 44.3mln via the issuance of 53mln new shares at SGD 0.835 each, with strong participation from fund managers backed by the Singapore central bank. (Straits Times)
Adata's substantial profit increase signals strong momentum in the memory sector, indicating ongoing demand that investors might interpret as favorable for tech stocks. Meanwhile, Powertech's increased capex could reflect confidence in growth areas like AI, potentially benefiting equities related to technology and semiconductor industries. Overall, these developments in Taiwan show positive trends that could attract investor interest in the region's equities.