Friday, November 28, 2014

Market News In 2 Minutes @ 28th November 2014

Market News in 2 minutes 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. REITS : Frasers Commercial Trust (ND8U) - Has been re-assigned a “Baa3” credit rating along with a stable outlook by Moody’s Investors Service following the withdrawal of its corporate family rating. The stable outlook reflects Moody’s expectation that FCOT’s properties will continue to generate stable income, driven by steady occupancy rates and organic growth from positive rental reversions. In September, FCOT has successfully refinanced all of its secured debt with unsecured debt. (source : Shares Investment)

2. IPS Securex Holdings (40A) - Inked a contract worth US$1.6 million for the sale of 50 sets of Hyperspike acoustic hailing devices and their supporting accessories to a company incorporated in Hong Kong. This equipment will be delivered to Vietnam. (source : Shares Investment)


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