Thursday, November 13, 2014

Market News In 2 Minutes @ 13th 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 : Fortune REIT (F25U) - Posted a 32.8 percent growth in NPI to HK$867.7 million for the nine months ended 30 September, attributable to strong rental reversions, satisfactory returns from completed asset enhancement initiatives and additional income contribution from Fortune Kingswood which was acquired in October 2013. Subsequently, distributable income advanced 26.8 percent to HK$583.6 million. (source : Shares Investment)

2. REITS : Saizen Trust (T8JU) - Its Net Property Income (NPI) fell 3.7 percent to JPY675.3 million for the first quarter ended 30 September, mainly as a result of a decrease in occupancy rates and the sale of two properties. Subsequently, net earnings jumped 36.3 percent to JPY435.4 million on the back of unrealised fair value gain on interest rate swap.

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