Tuesday, April 29, 2014

Market News In 2 Minutes @ 29th 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. Fraser and Neave (F&N) (F99) -  Has bought a 70% stake in Malaysia's Yoke Food Industries (YFI), paid $21 million for the purchase. Yoke Food Industries manufactures, markets and distributes canned beverages in Malaysia. (source : The Edge)
2. Aspial Corporation (A30) - Is buying its third Melbourne property this year. The freehold property was acquired by its new subsidiary, WCL-A Beckett (Vic) from City Light Properties for A$26.8 million ($31.2 million). (The Edge)
3. Great Eastern Holdings (G07) -  Earnings for 1Q14 increased 12% y‐o‐y to $231.6 million on better performance of the insurance business, as well as a one‐off gain of $31.9 million from the group’s divestment of its stake in its China joint venture from 50% to 25%. (source : The Edge) 
4. Wilmar International (F34) - Goodman Fielder, the Australian and New Zealand foodmaker, rejected a A$1.3 billion ($1.5 billion) offer from Wilmar International and First Pacific Co., saying it “materially undervalues” the company. For more details of the story, click here. (source : The Edge)


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