Friday, October 31, 2014

Market News In 2 Minutes @ 31st 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 : AIMS AMP Capital Industrial  (O5RU) - Posted an 8.2 percent gain in net property income (NPI) for the second quarter ended 30 September. Subsequently, distribution to unitholders was lifted up by 19.2 percent to $17.3 million. The trust has declared a distribution per unit of $0.0277.  (source : Shares Investment)

2. REITS : Parkway Life Real Estate Investment Trust (C2PU) - Its NPI gained 8.6 percent to $23.7 million for the third quarter ended 30 September, mainly due to revenue contribution from the properties acquired in 2H13 and 1Q14, and higher rent from existing properties, partially offset by the depreciation of the Japanese Yen. Consequently, distributable income to unitholders rose 8.9 percent to $17.6 million. The trust has declared a distribution per unit of $0.029. (source : Shares Investment)

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3. SMRT Corporation (S53) - Partnered with HAILO! to launch the latter’s application in Singapore. The application allows passengers to call a taxi to their location as well as providing a mobile payment system for fare payments where the receipts are instantly sent by email. A taxi fleet operator, Prime Taxi, has also joined with SMRT to support the new platform. (source : Shares Investment)

4. Trek 2000 International (5AB) - Proposed a 70:30 joint venture (JV) with Unimicron Technology Corporation to produce solid-state drives (SSD) for portable consumer electronics. The JV company, UniMemory Technology (S), will have a paid up capital of US$5 million where Trek’s share is US$3.5 million. (source : Shares Investment)

5. 800 Super Holdings (5TG) - Proposed the sale of its property at 2 Loyang Walk for $7.6 million. The disposal is in tandem with the conclusion of its North-east district public street cleansing project on 31 August, and the proceeds generated from the move will be used for the company’s general working capital. (source : Shares Investment)


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