PRE-MARKET TAIWAN AND SINGAPORE STOCK NEWS: China conducts drills around Taiwan

TAIWAN

Cathay Financial Holding (2881 TT) - Co. September (TWD) net profit 4.8bln, YTD net profit 103.2bln, September rev. rose 40.4% Y/Y. (Newswires)

Formosa Petrochemical (6505 TT) - Co. September (TWD) YTD net profit 4.5bln, September sales fell 24.2% Y/Y. (Newswires)

Formosa Plastics (1301 TT) - Co. September (TWD) YTD net loss 1.5bln, September sales rose 0.3% Y/Y. (Newswires)

Fubon Financial Holding (2881 TT) - Co. September (TWD) net profit 7.9bln, YTD net profit 121.2bln, September rev. rose 31.1% Y/Y. (Newswires)

Geopolitical

China's military announced the PLA Eastern Theatre Command will dispatch its troops from the army, navy, air force, and rocket force on October 14th to conduct joint military drills code-named “Joint Sword-2024B” in the Taiwan Strait and areas around Taiwan.

Taiwan’s Defence Ministry said it strongly condemns China’s irrational and provocative act, while it has dispatched forces to respond to China's drills. (Newswires)

SINGAPORE

CapitaLand Ascendas REIT (AT) - Co. is to divest 21 Jalan Buroh in Singapore for SGD 112.8mln. (Newswires)

LS 2 (ENV SP) - Co. entered into a JV agreement in which the JV Co. will carry out the business of façade installation and cleaning services. (Newswires)

Rex International Holdings (REXI SP) - Co. signs a restructuring agreement to streamline shareholdings in its oil and gas subsidiaries. (Newswires)

14 Oct 2024 - 01:33- EquitiesGeopolitical- Source: Newswires