PRE-MARKET TAIWAN AND SINGAPORE STOCK NEWS: Hon Hai (2317 TT) Q1 (TWD) net rose 72% Y/Y to 22.0bln (exp. 29.3bln) although this was down 59% Q/Q

TAIWAN

Hon Hai (2317 TT) - Co. Q1 (TWD) net rose 72% Y/Y to 22.0bln (exp. 29.3bln) although this was down 59% Q/Q, Co. expects Q2 revenues to rise significantly Y/Y (prev. forecast to rise), while it sees 2024 revenues to grow significantly Y/Y, Co. expects Q2 revenues for cloud and networking products, computing products, components and other products to all grow strongly Y/Y but noted that consumer electronic demand will be flattish this year. (Newswires)

TSMC (TSMC) - Co. still aims to begin factory construction in Germany in H2 2024, according to Bloomberg. (Newswires)

SINGAPORE

City Developments Limited (CDL SP) - Co. acquires Hilton Paris Opera Hotel for SGD 351mln. (Straits Times)

ComfortDelGro (CDG SP) - Co. Q1 (USD) PATMI rose 23.8% Y/Y to 40.6mln, rev. rose 10.8% Y/Y to 1.0bln. (Newswires)

First Resources (FR SP) - Co. quarterly (USD) net rose 86.6% Y/Y to 36.1mln, rev. rose 6.2% Y/Y to 210.5mln. (Newswires)

Golden Agri-Resources (GGR SP) - Co. quarterly (SGD) underlying profit 79mln (prev. 112mln Y/Y), rev. 2.56bln (prev. 2.54bln Y/Y). (Newswires)

Sea Limited (SE) - Co. Q1 (USD) adjusted EBITDA 401.1mln (exp. 237.8mln), rev. 3.70bln (exp. 3.56bln). (Newswires)

Other News - Singapore PM Lee is to hand over power to Lawrence Wong. (Newswires)

15 May 2024 - 01:37- EquitiesResearch Sheet- Source: Newswires