Friday, May 30, 2014

Market News In 2 Minutes @ 30th May 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. Soilbuild Construction Group (S7P) - Has been awarded $175.5 million worth of contracts, its largest since listing.The project is expected to commence in July, and be completed by 4Q2016. The group’s order book now stands at about $512.8 million, with deliveries stretching to 2016. (source : The Edge)

2. PEC (IX2) - Has secured $100 million in new contracts. One of the contracts involves the provision of engineering, procurement and construction (EPC) works for the development of crude oil storage and handling facilities in the United Arab Emirates. Two other contracts involve mechanical, piping and structural steel works for a tankage project on Jurong Island and are expected to complete in the next 10 months. (source : The Edge)

3. Banyan Tree (B58) – It has issued a $125 million worth of 4.875 percent fixed rate notes on 28/05/14. Banyan Tree plans to use the proceeds to finance the general working capital, capital expenditure, and investment requirements and refinancing needs of the group. (source : Shares Investment)


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