Market News In 2 Minutes @ 14th November 2014

TGIF!

Today, the market news are filled with quarterly reports and hence would not be compiling them, except one, which is related to REITS.

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. Frasers Centrepoint (TQ5) - Registered a 33.2 percent growth in revenue to $2.7 billion for the year ended 30 September, contributed by overseas development property sales in Australia, China and the United Kingdom. However, the incurrence of a $119.8 million in exceptional items which mainly stemmed from an $88.1 million in transaction costs on acquisition of subsidiaries, dragged net profit down by 30.7 percent to $500.7 million. The group has declared a final dividend per share of $0.062. (source : Shares Investment)

Cheers!