Monday, October 27, 2014

Market News In 2 Minutes @ 27th 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. Alliance Mineral Assets (40F) - Has obtained the mining approval from the Department of Mines and Petroleum of Western Australia to commence operations at its Bald Hill Tantalite Project.  (source : Shares Investment)

2. REITS : Ascendas Real Estate Investment Trust (A17U) - Recorded a 7 percent hike in net property income to $114.7 million for the second quarter ended 30 September, underpinned by recognition of rental income earned from Nexus@one-north, A-REIT City@Jinqiao, Hyflux Innovation Centre and Aperia. Coupled with a $14.1 million foreign exchange gain, income available for distribution rose 1.1 percent to $86 million. Consequently, the trust declared a distribution per unit of $0.0366 for the quarter. (source : Shares Investment)

3. REITS : Cache Logistics Trust (K2LU) - Its net property income inched down 0.5 percent to $19.5 million for the third quarter ended 30 September, as a result of higher property maintenance expenses and lease commissions. However, a larger positive distribution adjustment ensured that the income available for distribution grew 1.2 percent to $16.7 million. Cache declared a distribution per unit of $0.0214, up 0.7 percent year-on-year (y-o-y). (source : Shares Investment)

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4. REITS : CapitaCommercial Trust (C61U) - Posted $51.9 million in net property income for the third quarter ended 30 September, up 8.6 percent y-o-y, driven by higher rental rates and/or occupancies at all properties except Wilkie Edge. Coupled with lower finance costs, distributable income to unitholders rose 4.8 percent to $61.6 million. Consequently, the trust declared a distribution of $0.021 per unit for the quarter, up 2.9 percent from a year earlier. (source : Shares Investment)

5. Enviro-Hub Holdings (L23) - Has entered into a term-sheet with Italy-based Acsm Agam to form a 50:50 joint venture (JV) company, Plastic to Fuel. The JV will be engaged in a project to construct, finance, operate and maintain an industrial plant for the production of fuel oil from plastic waste in Italy and marketing of the final product. (source : Shares Investment)

6. Ezra Holdings (5DN) - Its subsea services division has won multiple contracts from various energy companies valued in excess of US$70 million. Works include subsea installation of umbilicals, flowlines and jumpers, as well as provision of services to support rigs. (source : Shares Investment)

7. Midas Holdings (5EN) - Its JV company, Nanjing SR Puzhen Rail Transport Co and Shanghai Alstom Transport Electrical Equipment Co, have jointly secured a metro train contract, with delivery scheduled between 2015 and 2016, worth Rmb897 million. (source : Shares Investment)

8. QT Vascular (5I0) - Has acquired a novel technology platform called Java, a strong fit with the firm’s core expertise in minimally invasive angioplasty, and will allow the company to capitalise on new market opportunities. (source : Shares Investment)


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