PRE-MARKET TAIWANESE AND SINGAPOREAN STOCK NEWS: E.Sun reports strong Q1 earnings, UOB beat net income estimates
E.Sun's strong Q1 earnings, with a 14.2% Y/Y net income rise, reflects robust fee income and loan growth, signaling a positive outlook for the financial services sector in Taiwan.
China rural banks have reportedly cut its deposit rates, with further cuts expected
China has reportedly asked banks to pause new loans to US-sanctioned refiners, Bloomberg reports citing sources
PRE-MARKET TAIWANESE AND SINGAPOREAN STOCK NEWS: E.Sun reports strong Q1 earnings, UOB beat net income estimates
PBoC is expected to set USD/CNY mid-point at 6.8087 (prev. 6.8562)
[MARKET UPDATE] Nikkei 225 gains by over 4% as its returns from its extended holiday as Iran war optimism and tech gains support the index
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Taiwan
Advantech Co. (2395 TT) - Co. says it has strong order momentum across semiconductor equipment, automation, robotics and smart infrastructure, securing 53 design wins in Q1. The President says total revenue this quarter is expected to be between USD 650-670mln. (Taipei Times)
Airoha Technology Corp. (6526 TT) - Co. says revenue from chips used in high-speed optical transceivers for data centres is expected to triple this year on global AI infrastructure demand. (Taipei Times)
E.Sun Financial Holding Co. (2884 TT) - Co. Q1 (TWD) net rose 14.2% Y/Y to 10.06bln, fuelled by strong fee income, solid loan growth and buoyant capital markets activity. (Taipei Times)
Singapore
StarHub Ltd. (STH SP) - Co. Q1 (SGD) net fell to 5.9mln (prev. 31.8mln Y/Y), rev. fell to 507.3mln (prev. 540.5mln Y/Y). (Dow Jones)
United Overseas Bank (UOB SP) – Co. (SGD) Q1 net income 1.44bln (exp. 1.4bln), total income 3.42bln (prev. 3.66bln Y/Y), affirms FY26 guidance. (UOB)
Conversely, StarHub's notable decline in net income and revenue highlights challenges within the Singaporean telecom market. Meanwhile, UOB beating income estimates may suggest resilience in Singapore's banking sector, which could bolster investor sentiment for regional equities.
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