Friday, June 13, 2014

Market News In 2 Minutes @ 13th June 2014

Market News in 2 minutes

In case you don't know, the World Cup 2014 has kicked off a few hours ago and Brazil won the first match (against Croatia) amidst some controversy (click here to read the highlights).

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. CapitaLand (C31) - Its wholly owned subsidiary The Ascott (Ascott), has secured its first franchise agreements in Vientiane, Laos and Bali, Indonesia. The agreements are for an operating serviced residence in Vientiane that will be rebranded as a 116-unit Somerset Vientiane in 4Q14 and a 194-unit Citadines Kuta Beach Bali that is scheduled to open in August. (source : Shares Investment)

2. Hwa Hong Corporation (H19) - Its 82 percent owned subsidiary, Capital Hatton has agreed to dispose of all its interest in the properties located in London for a total cash consideration of £11 million. Upon completion of the disposal, Capital Hatton is expecting a £3.8 million pre-tax gain. (source : Shares Investment)

3. UMS Holdings (558) - Its founder and CEO, Andy Luong, selling 13 million more shares at $0.69 per share recently after offloading 7 million shares in the March to April period at an average of $0.52 per share prior to the bonus issue. Downward price pressure on the supply chain of the semiconductor industry coupled with its major stakeholder paring stakes and UMS’ lack of customer diversification, signals that the company’s profitability could face downward pressure. (source : Shares Investment)


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