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. REITS : CapitaRetail China Trust (AU8U) - Posted a 29.2 percent improvement in net property income to $32.3 million for the third quarter ended 30 September, underpinned by new contribution from CapitaMall Grand Canyon and rental growth from other multi-tenanted malls. Coupled with higher deferred taxation, income available for distribution to unitholders jumped 14.1 percent to $19.5 million. The trust declared a distribution per unit of $0.0235 for the quarter. (source : Shares Investment)
2. IEV Holdings (5TN) - Its subsidiary, PT IEV Gas, has inked an exclusive memorandum of understanding with PT Investasi Aceh for natural gas commercialisation from identified natural gas sources within Aceh province in Indonesia. (source : Shares Investment)
3. ISOTeam (5WF) - Has proposed to acquire four companies for about $11 million. The companies are involved in landscaping, fire proofing and floor coating, providing repairs and redecoration services to the private-commercial management corporation strata title sector and providing work access equipment and services. (source : Shares Investment)
4. KLW Holdings (504) - Has agreed to buy 45.5 percent of Mega Sun Development for Rmb85 million (about $17.7 million). The latter owns a 55 percent stake in Suzhou Jiaxin Real Estate Development Company, which is presently developing a luxury villas project in Suzhou, China, and is expected to be completed around 2018. (source : Shares Investment)
5. REITS : Mapletree Commercial Trust (N2IU) - Recorded $52.1 million in net property income for the second quarter ended 30 September, up 8.8 percent, on the back of higher rental income and step-ups in existing leases for VivoCity and PSA Building. Coupled with a smaller increase in overall expenses, income available for distribution to unitholders grew 11 percent to $41.4 million. The trust declared a distribution of $0.0197 per unit for the quarter. (source : Shares Investment)
6. REITS : Mapletree Greater China Commercial Trust (RW0U) - Its net property income for the second quarter ended 30 September came in 9 percent higher at $55.1 million, driven by positive rental reversions at Festival Walk and Gateway Plaza while property operating expenses were reduced. Lower finance costs and performance fees further improved the trust’s performance as distributable income grew 11.9 percent to $43.5 million. Consequently, the trust declared a distribution per unit of $0.01606 for the quarter. (source : Shares Investment)
Cheers!
2. IEV Holdings (5TN) - Its subsidiary, PT IEV Gas, has inked an exclusive memorandum of understanding with PT Investasi Aceh for natural gas commercialisation from identified natural gas sources within Aceh province in Indonesia. (source : Shares Investment)
3. ISOTeam (5WF) - Has proposed to acquire four companies for about $11 million. The companies are involved in landscaping, fire proofing and floor coating, providing repairs and redecoration services to the private-commercial management corporation strata title sector and providing work access equipment and services. (source : Shares Investment)
4. KLW Holdings (504) - Has agreed to buy 45.5 percent of Mega Sun Development for Rmb85 million (about $17.7 million). The latter owns a 55 percent stake in Suzhou Jiaxin Real Estate Development Company, which is presently developing a luxury villas project in Suzhou, China, and is expected to be completed around 2018. (source : Shares Investment)
5. REITS : Mapletree Commercial Trust (N2IU) - Recorded $52.1 million in net property income for the second quarter ended 30 September, up 8.8 percent, on the back of higher rental income and step-ups in existing leases for VivoCity and PSA Building. Coupled with a smaller increase in overall expenses, income available for distribution to unitholders grew 11 percent to $41.4 million. The trust declared a distribution of $0.0197 per unit for the quarter. (source : Shares Investment)
6. REITS : Mapletree Greater China Commercial Trust (RW0U) - Its net property income for the second quarter ended 30 September came in 9 percent higher at $55.1 million, driven by positive rental reversions at Festival Walk and Gateway Plaza while property operating expenses were reduced. Lower finance costs and performance fees further improved the trust’s performance as distributable income grew 11.9 percent to $43.5 million. Consequently, the trust declared a distribution per unit of $0.01606 for the quarter. (source : Shares Investment)
Cheers!
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