Thursday, October 16, 2014

Market News In 2 Minutes @ 16th October 2014

Market News in 2 minutesAs 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. BBR Holdings (KJ5) - Was awarded a contract for the installation of a solar photovoltaic (PV) grid-tied system. Expected to be commissioned in 1Q15, the system is expected to generate about 0.6 million KW-hour in the first year and account for 80 percent of the energy needs for the contract vendor. (source : Shares Investment)

2. SingPost (S08) - Will be developing a fully integrated three-storey eCommerce Logistics Hub for $182 million in cash, to cater to its expanding ecommerce logistics business and growth of the ecommerce market. Expected to be fully operational in 2H16, the facility will be constructed on a 30-year leasehold land plot measuring 3.3 hectares which houses a fully-automated parcel sorting facility on the ground floor with two levels of modern warehousing space. It will serve Southeast Asia and be the connecting point to the rest of Asia. (source : Shares Investment)

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3. Triyards Holdings (RC5) - Agreed to fully acquire the share capital of Strategic Marine (S) and Strategic Marine (V) Company for A$23.3 million in cash. The former company owns a shipbuilding and fabrication facility while the latter owns a similar facility at the Dong Xuyen Industry Park in Vung Tau, Vietnam. The acquisition is expected to enhance the group’s current fabrication capacity to develop and extend its market reach for new product and service offerings. (source : Shares Investment)


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