PRE-MARKET TAIWANESE AND SINGAPOREAN STOCK NEWS: MediaTek launches new AI data centre, OCBC beats top-line estimates
Taiwan
MediaTek (2454 TT) - Co. launched a new artificial intelligence data centre with a maximum capacity of 45 megawatts to meet rising demand for computing power required to develop advanced chips for AI applications. (Taipei Times)
Novatek Microelectronics (3034 TT) - Co. expects Q2 rev. to rise up to 23% Q/Q to between TWD 27.5-28.5bln, driven by pull-in orders amid surging key component prices. (Taipei Times)
Other Taiwanese News:
- Taiwan is reportedly finalising a 25-year US LNG deal valued at USD 15bln with Cheniere Energy (LNG)
Singapore
Frasers Property (FPL SP) – H1 2026 (SGD): Net income 88.4mln, -37.8% Y/Y; Revenue 1.51bln, -5.2% Y/Y. (Frasers Property)
OCBC (O39 SP) – Q1 2026 (SGD): Net income 1.97bln (exp. 1.88bln), Revenue 3.83bln (exp. 3.72bln), affirms FY26 guidance. (OCBC)
Context
MediaTek's launch of a new AI data centre signals its commitment to expanding in the growing AI sector, which could enhance its competitive edge in chip production. Meanwhile, OCBC's earnings beat expectations shows strong financial performance, which may boost investor confidence and support a positive outlook for the Singaporean banking sector amid ongoing economic uncertainty. Both developments are important indicators for broader market sentiment in the tech and finance sectors.
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