PRE-MARKET TAIWAN AND SINGAPORE STOCK NEWS: Foxconn lowers Apple iPhone X Q4 shipment forecasts

TAIWAN

Foxconn (2354 TT)
- Co. reportedly will ship 25mln-30mln iPhone X devices during Q4 vs. Prev. forecast 30mln-35mln units, while Q1 deliveries are expected to increase 50% Q/Q. (Newswires)
- Co. JV server company with Hewlett Packard Enterprise (HPE) will reportedly be dissolved. (Newswires)

Other News
- Taiwan Central Bank Governor Perng sees 2017 and 2018 GDP growth at around 2.2%. (Newswires)

Data Recap
- Taiwan Industrial Production (Sep) Y/Y 5.2% vs. Exp. 5.4% (Prev. 3.3%). (Newswires)
- Taiwan Unemployment Rate (Sep) 3.7% vs. Exp. 3.8% (Prev. 3.8%)

 

SINGAPORE

Ascott Residence Trust (ART SP)
- Co. reports 9-month DPU SGD 5.66 vs. Prev. SGD 5.66, rev. SGD 361.8mln vs. Prev. SGD 348.8mln Y/Y, raises 2017 dividend by 7%. (Newswires)

CapitaLand Retail China Trust (CRCT SP)
- Co. Q3 DPU rose 0.4% Y/Y to 2.37 Singapore cents. (Straits Times)

Great Eastern Holdings (GE SP)
- Co. Q3 net rose 21% to SGD 235.5mln. (Straits Times)

Mapletree Logistics Trust (MLT SP)
- Co. Q2 DPU rose 1.5% to 1.887 Singapore cents. (Straits Times)

Singapore Airlines (SIA SP)
- Co. signs USD 13.8bln order for Boeing (BA) planes. (Newswires)

24 Oct 2017 - 01:28- Research Sheet- Source: Newswires

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