Friday, April 11, 2014

Market News In 2 Minutes @ 11st April 2014

Market News in 2 minutes
As stock investors (even though a small one), it is important to keep abreast with the latest financial and market news. Since I am in it, I thought it might be worthwhile to share it out with my readers too.

Hence, I started this "Market News In 2 Minutes" series.
Following are the "Market News In 2 Minutes" for today :
1.  Ezra Holdings (5DN) - Saw a 34% fall in its net profit for the second quarter ended February 28, 2014 to US$19.59 million. Separately, the company said that it has received a Letter of Agreement (LOA) from Noble Energy for the Gunflint Project in the Gulf of Mexico. (source : The Edge)

2. AsiaPhos (5WV) - Has temporarily suspended mining activities due to a landslide that took place in the vicinity of Mine 1 mining area in Sichuan, China. As at 7:32 a.m. 10 April 2014, none of the company’s staff, property or equipment has been injured or damaged as a result of the landslide. Works expected to resume next week. (source : Shares Investment)

3. Etika International Holdings (5FR) - Proposed the disposal of its dairies and packaging business with a sale consideration of US$328.8 million. Etika views the disposal as an opportunity to unlock value in the business, while the proceeds are expected to go towards the payment of bank borrowings, finance the growth of its other business segments as well as distributions back to its shareholders. (source : Shares Investment)


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