Monday, June 16, 2014

Market News In 2 Minutes @ 16th June 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. Joyas International Holdings (E9L) - Its wholly owned subsidiary Joyas Group entered into a disposal agreement for a property located in Hong Kong for HK$11.8 million which will yield estimated gains of HK$5.9 million. The proposed disposal is expected to increase earnings per share by approximately eight folds upon completion on a proforma basis. (source : Shares Investment)

2. LCD Global Investments (L38) - Entered into a franchise agreement with The Ascott for its serviced residence in Vientiane, Laos, to join Ascott’s portfolio of worldwide serviced residences. (source : Shares Investment)

3. Mermaid Maritime (DU4) - Its subsea unit has been awarded a call off contract with an estimated value of US$19 million for subsea remotely operated vehicle services. Services will be provided to Thailand’s major upstream oil and gas operators for an initial period of two years. (source : Shares Investment)


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