PRE-MARKET TAIWAN AND SINGAPORE STOCK NEWS: TSMC (2330 TT) cut off at least two chip clients over potential Huawei links, while the firms had reportedly placed orders to produce chips using 7NM process technology

TAIWAN

ASE Technology (3711 TT) - Co. unit obtained a factory works contract valued at TWD 1.24bln. (Newswires)

Delta Electronics (2308 TT) - Co. September (TWD) YTD net 28.05bln, sales 307bln. (Newswires)

Innolux (3481 TT) - Co. September (TWD) YTD net loss 2.55bln, sales 162.8bln. (Newswires)

Macronix (2337 TT) - Co. quarterly (TWD) loss 296mln (prev. loss 286mln Q/Q), rev. rose 20% Q/Q to 7.76bln (Taipei Times)

TSMC (2330 TT) - Co. cut off at least two chip clients over potential Huawei links, while the firms had reportedly placed orders to produce chips using 7NM process technology, while it was separately reported that Broadcom (AVGO) and OpenAI are developing an AI inference chip and OpenAI has reserved TSMC manufacturing capacity. (Nikkei/Newswires)

Unimicron Technology (3037 JT) - Co. September (TWD) YTD net 5.0bln, sales 86bln. (Newswires)

Other News - US and Taiwan are to begin negotiations on an agreement to address double taxation. (Newswires)

SINGAPORE

CapitaLand Ascott Trust (CLAS SP) - Co. Q3 gross profit rose 8%. (Newswires)

CapitaLand China Trust (CLCT SP) - Co. 9-month (CNY) net property income 930.2mln, gross rev. 1.38bln. (Newswires)

Far East Hospitality Trust (FEHT SP) - Co. quarterly (SGD) net property income 26.2mln, rev. 28.7mln. (Newswires)

Mapletree Industrial Trust (MINT SP) - Co. quarterly (SGD) net property income 134.5mln, rev. 181.4mln. (Newswires)

Other News - SGX (SGX SP) announced it is extending its Singapore Depository Receipt (SDR) coverage to include five Hong Kong-listed companies. (Straits Times)

30 Oct 2024 - 00:48- EquitiesResearch Sheet- Source: Newswires