Wednesday, October 29, 2014

Market News In 2 Minutes @ 29th 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. REITS : Ascendas India Trust (CY6U) - Its net property income (NPI) gained 16.9 percent to $19.2 million for the second quarter ended 30 September, stemmed from rental income from Aviator which became operational in January and positive rental reversions from a few properties. Permeated by $4.6 million in unrealised foreign exchange gains, earnings advanced 147.7 percent to $12 million. The trust has declared distribution per unit of $0.024 for the six-month period. (source : Shares Investment)

2. Holdings (5AM) - Announced its collaboration with TripAdvisor to participate in the latter’s new instant booking feature. The instant booking feature allows users to quickly and easily make hotel reservations through TripAdvisor partners. In addition, Asiatravel is currently working with TripAdvisor on a cost-per-click model for hotels within Asia. With the commission based model of instant booking, Asiatravel is confident to expand the number of hotels available outside Asia on the TripAdvisor site. (source : Shares Investment)

3. REITS : CDL Hospitality Trusts (J85) - Its NPI was up 2.4 percent to $33.8 million for the third quarter ended 30 September, mainly driven by recognition of full revenue contribution from Jumeirah Dhevanafushi which was acquired on 31 December 2013. However, a 23.4 percent surge in financing costs dragged net income down by 5.6 percent to $24.1 million. For the nine-month period, NPI was flat at $101.9 million while earnings declined 3.8 percent to $74.4 million. (source : Shares Investment)

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4. Global Logistic Properties (MC0) - Proposed the disposal of 60 percent of shareholding interest in GLP Brazil Income Partners II for BRL926 million (approximately US$388 million). The latter is an investment fund incorporated under the Brazilian law which holds a portfolio of completed logistics assets in Brazil. . (source : Shares Investment)


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