Wrap Asia

NOV's Q1 EPS missed estimates amid Middle East disruptions. Margins fell, but backlog is strong.

NASA's X-59 hits Mach 1.4 in flight tests, pushing supersonic boundaries. Future revenue potential high.

SANM beats EPS estimates on AI demand, revenue up 102% YoY. Guidance raised, watch R&D spend.

AMKR beats on revenue & EPS, but stock dips. Demand strong, but supply/pricing pressures loom. Watch margins!

AMZN enters logistics, crushing UPS/FDX 8%+ on fears. History shows AMZN's disruption isn't always total.

Duolingo beats revenue/EPS estimates with 26.5% YoY growth, but bookings guidance misses, sending shares down 13.9%.

Saudi Arabia has demanded guaranteed free passage through the Strait of Hormuz and backed Pakistani mediation, as Israeli officials warned the situation with Iran could deteriorate within hours, prompting airport contingency measures.