PRE-MARKET TAIWAN AND SINGAPORE STOCK NEWS: Apple is to reduce iPhone X output by half in Q1; Noble group reached agreement with creditors

TAIWAN

Asustek (235& TT)
– Co. appoints former Intel marketing chief as its COO. (Taipei Times)

China Steel (2002 TT)
– Co. December pretax TWD 3.4bln vs. Prev. TWD 1.2bln Y/Y. (Newswires)
– Co. is expected to announce an increase in domestic steel prices during Q2. (Newswires)

Pegatron (4938 TT)
– Co. is said to receive LCD orders for Apple’s iPhone. (Newswires)

Apple Suppliers
– Apple is to reduce iPhone X output by 50% in Q1 from 40mln to 20mln units. (Newswires)

 

SINGAPORE

Noble Group (NOBL SP)
– Co. reached an agreement with creditors that would cut its existing debt by half and leave shareholders with only 10% of the new group referred to as Topco. (Straits Times)

(Newswires)