Monday, November 10, 2014

Market News In 2 Minutes @ 10th November 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 : Far East Hospitality Trust (Q5T) - Its net property income (NPI) edged down 1.2 percent to $28.2 million for the third quarter ended 30 September, led by a decline in its hotel portfolio performance. Consequently, distribution income declined 3.1 percent to $23.5 million. For the nine months, NPI rose 1.2 percent to $82.4 million and distributable income sank 1.3 percent to $68.6 million. The trust has declared a distribution per unit of $0.0132 for the quarter. (source : Shares Investment)

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