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. Ascott Residence Trust (A68U) - Proposed the acquisition of three serviced residence properties with an aggregate of 312 apartment units located in Greater Sydney, Australia for A$83 million in cash (A$1.8 million below their valuations). The proposed acquisition will allow the trust to further expand its operations into the Australian market and expand its DPU to $0.0846 from $0.084 per annum on a pro forma basis based on FY13 DPU. (source : Shares Investment)
2. Cambridge Industrial Trust (J91U) - Its NPI edged up 1.8 percent to $19.7 million for the third quarter ended 30 September, attributable to additional revenue contribution from property acquisitions and AEI. As a result, distributable amount to unitholders went up 2.5 percent to $15.8 million. For the nine months, NPI declined 5.2 percent to $58.3 million, while distributable amount increased 2.9 percent to $47.1 million. The trust has declared a DPU of $0.0125 for the quarter. (source : Shares Investment)
3. Mapletree Industrial Trust (ME8U) - Registered a 4.1 percent growth in NPI to $56.2 million for the second quarter ended 30 September, as a result of higher rental rates secured for leases across all property segments as well as revenue contribution from completed development projects. Consequently, distributable amount to unitholders soared 10.4 percent to $45.4 million. For the six-month period, NPI was up six percent to $112.9 million, while distributable amount to unitholders moved up 8.4 percent to $88.2 million. The trust declared a DPU of $0.026 for the quarter. (source : Shares Investment)
4. Singapore Medical Group (5OT) - Proposed the subscription of 196,000 shares or 49 percent stake in MindChamps Medical (MCM) for $0.1 million in cash. Currently dormant, MCM is seeking to engage in the business of operating and become a franchisor of private general practitioner healthcare providers under the brand name of MindChamps Medical. (source : Shares Investment)
5. ST Engineering (S63) - Bagged several contracts that are worth a total of $450 million. These new orders which were secured by the company’s aerospace arm involve airframe, component and engine maintenance, freighter conversion, cabin modification, engine wash and pilot training. (source : Shares Investment)
6. Soilbuild Business Space REIT (SV3U) - Its NPI rose 5.4 percent to $14.2 million (compared to pro-forma) for the third quarter ended 30 September, underpinned by higher rental revenue across six of its properties. As a result, distributable amount to unitholders gained 6.4 percent to $12.5 million. For the nine-month period, NPI increased 8.5 percent to $42.4 million, while distributable amount to unitholders advanced 8.9 percent to $37.3 million. The trust has declared a DPU of $0.01546 for the quarter. (source : Shares Investment)
7. Suntec REIT (T82U) - Its net property income (NPI) rose 21.1 percent to $48.8 million for the third quarter ended 30 September, in light of the re-opening of Suntec City Mall (after the completion of asset enhancement initiatives (AEI)). Despite incurring $16.9 million in trust expenses related to a strategic advisor performance fee that was payable to a related company of the trust’s manager, distributable amount to unitholders was up 12.4 percent to $58.3 million. Subsequently, the trust declared distribution per unit (DPU) of $0.0238 for the quarter. (source : Shares Investment)
8. Viva Industrial Trust (T8B) - Registered a NPI which was 0.7 percent below its forecast, at $9.6 million for the third quarter ended 30 September, in tandem with loss of rental income from a major tenant at Technopark@Chai Chee as well as higher property expenses incurred. Subsequently, distributable amount to unitholders came in 2.5 percent below its consensus at $10.1 million. For the nine-month period, NPI and distributable amount to unitholders were 6.4 percent higher ($29.7 million) and 0.5 percent ($30.6 million) lower than forecast. The trust has declared a DPU of $0.01687 for the quarter. (source : Shares Investment)
Cheers!
2. Cambridge Industrial Trust (J91U) - Its NPI edged up 1.8 percent to $19.7 million for the third quarter ended 30 September, attributable to additional revenue contribution from property acquisitions and AEI. As a result, distributable amount to unitholders went up 2.5 percent to $15.8 million. For the nine months, NPI declined 5.2 percent to $58.3 million, while distributable amount increased 2.9 percent to $47.1 million. The trust has declared a DPU of $0.0125 for the quarter. (source : Shares Investment)
3. Mapletree Industrial Trust (ME8U) - Registered a 4.1 percent growth in NPI to $56.2 million for the second quarter ended 30 September, as a result of higher rental rates secured for leases across all property segments as well as revenue contribution from completed development projects. Consequently, distributable amount to unitholders soared 10.4 percent to $45.4 million. For the six-month period, NPI was up six percent to $112.9 million, while distributable amount to unitholders moved up 8.4 percent to $88.2 million. The trust declared a DPU of $0.026 for the quarter. (source : Shares Investment)
4. Singapore Medical Group (5OT) - Proposed the subscription of 196,000 shares or 49 percent stake in MindChamps Medical (MCM) for $0.1 million in cash. Currently dormant, MCM is seeking to engage in the business of operating and become a franchisor of private general practitioner healthcare providers under the brand name of MindChamps Medical. (source : Shares Investment)
5. ST Engineering (S63) - Bagged several contracts that are worth a total of $450 million. These new orders which were secured by the company’s aerospace arm involve airframe, component and engine maintenance, freighter conversion, cabin modification, engine wash and pilot training. (source : Shares Investment)
6. Soilbuild Business Space REIT (SV3U) - Its NPI rose 5.4 percent to $14.2 million (compared to pro-forma) for the third quarter ended 30 September, underpinned by higher rental revenue across six of its properties. As a result, distributable amount to unitholders gained 6.4 percent to $12.5 million. For the nine-month period, NPI increased 8.5 percent to $42.4 million, while distributable amount to unitholders advanced 8.9 percent to $37.3 million. The trust has declared a DPU of $0.01546 for the quarter. (source : Shares Investment)
7. Suntec REIT (T82U) - Its net property income (NPI) rose 21.1 percent to $48.8 million for the third quarter ended 30 September, in light of the re-opening of Suntec City Mall (after the completion of asset enhancement initiatives (AEI)). Despite incurring $16.9 million in trust expenses related to a strategic advisor performance fee that was payable to a related company of the trust’s manager, distributable amount to unitholders was up 12.4 percent to $58.3 million. Subsequently, the trust declared distribution per unit (DPU) of $0.0238 for the quarter. (source : Shares Investment)
8. Viva Industrial Trust (T8B) - Registered a NPI which was 0.7 percent below its forecast, at $9.6 million for the third quarter ended 30 September, in tandem with loss of rental income from a major tenant at Technopark@Chai Chee as well as higher property expenses incurred. Subsequently, distributable amount to unitholders came in 2.5 percent below its consensus at $10.1 million. For the nine-month period, NPI and distributable amount to unitholders were 6.4 percent higher ($29.7 million) and 0.5 percent ($30.6 million) lower than forecast. The trust has declared a DPU of $0.01687 for the quarter. (source : Shares Investment)
Cheers!
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