PRE-MARKET TAIWANESE AND SINGAPOREAN STOCK NEWS: Foxconn reports surging Apr revenue, Ardentec expects strong revenue growth in Q2
Taiwan
Ardentec (3264 TT) - Co. expects revenue to grow by a mid-single-digit percentage this quarter, following stronger-than-seasonal growth last quarter, helped by rising demand for AI and smartphone chip testing services. (Taipei Times)
Davicom Semiconductor (3094 TT) – Apr (TWD) Revenue 19.5mln (prev. 16mln Y/Y). (Dow Jones)
Formosa Petrochemical (6505 TT) - Co. president Lin Keh-yen said the FPMC C Lord, operated by Formosa Plastics Marine Corp, is carrying crude oil from Saudi Arabia and would help ease tight raw material supplies. (Taipei Times)
Foxconn (2317 TT) - April (TWD): Revenue 832bln, +29.7% Y/Y. Q2 is expected to show both Q/Q and Y/Y growth.
GlobalWafers (6488 TT) - Co. said it would discuss raising wafer prices from H2 with customers, as geopolitical tensions boost raw material, energy and logistics costs. (Taipei Times)
Taiwan Power Co. - Co. said it would strive to meet electricity demand amid speculation that TSMC could build Angstrom-era facilities at the Longtan campus of Hsinchu Science Park. (Taipei Times)
Vanguard International Semiconductor (5347 TT) - Co. is adjusting its product portfolio for its new 12-inch fab in Singapore to meet customer demand for interposers used in advanced packaging technology for AI chips. (Taipei Times)
Singapore
Fraser and Neave (FNN SP) – H1 (SGD) net 113mln (prev. 84.1mln Y/Y), revenue 1.14bln (prev. 1.21bln Y/Y). (Newswires)
Singapore Airlines (SIA SP) - Co. will introduce its next-generation first- and business-class seats on its Airbus A350-900 fleet in Q1 2027 instead of Q2 2026, due to industry-wide supply chain constraints and a delay in certification of one of the new seats. (Straits Times)
Foxconn's impressive April revenue growth of nearly 30% year-over-year signals strong demand, particularly in the tech sector, which could bolster sentiment for associated stocks. Meanwhile, Ardentec's anticipated revenue increase due to demand for AI and smartphone chip testing reflects ongoing momentum in the semiconductor space, which should be closely watched by traders for its implications on supply chain dynamics amid geopolitical tensions. Overall, these developments suggest a favorable outlook for Taiwanese equities, particularly in tech-related sectors.