Thursday, April 24, 2014

Market News In 2 Minutes @ 24th April 2014

Market News in 2 minutes
I am back after missing for 10 days as I was away for a short break! Thanks for dropping by...

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. IPO Alert : Ballarpur Industries - the Indian paper maker plans to raise about US$250 million ($314 million) in a Singapore listing of its international operations via Deutsche Bank AG. The share sale may take place in the second half of the year. For more details, click here (source : The Edge).

2. Aztech Group (560) - Hits the earnings of $1.68 million in the 1Q2014 ended March from $0.32 million a year ago. This came on the back of $85.58 million in revenue which was 93% higher compared to the same period last year as a result of contribution from all business segments of the group. This translates into EPS of 0.35 cents from 0.07 cents a year ago. (source : The Edge)

3. Yoma Strategic Holdings (Z59) - Has established a joint venture (JV) with Mitsubishi Corporation and First Myanmar Investment to provide technical services and solutions, installation, testing and commissioning and import and supply of elevators, escalators and related products in the Republic of the Union of Myanmar. The company has subscribed for 20 percent of shares in the JV company through a consideration of US$0.3 million. (source : Shares Investment)


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