Thursday, April 3, 2014

Market News In 2 Minutes @ 3rd 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. SMRT (S53) - Has bought 573 buses, its largest number to date. First batch of about 30 buses will be delivered to SMRT's bus depots in June 2014. The rest of the fleet will be introduced progressively till end 2016. (source: The Edge)

2. Yangzijiang (BS6) - Has secured 18 orders worth US$815 million ($1.03 billion). Deliveries for the vessels are scheduled from year 2015 to 2017 and therefore will not have any significant impact on the earnings of the group for the financial year ending 31 December 2014. Year to date, Yangzijiang said it has secured a total of 26 effective shipbuilding contracts with an aggregate value of US$1.07 billion. (source: i3 investor)
3. China Mining International [CMI] (Y34) - CMI proposed a $1 billion reverse takeover (RTO) deal to acquire China Minerals Energy (CME) and transform itself from a property development company into a pure mining firm. The deal will be financed through the sale of its existing business and issuance of CMI shares. (source : Shares Investment)

4. Gaylin Holdings (RF7) -  Seeks to expand its operations within Asia Pacific through collaboration with a local Malaysian partner, Husky Enviro Services. Husky’s business activities include provision of waste and environmental services to the oil and gas industry sector in Malaysia. (source : Shares Investment)


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