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. Boustead Singapore (F9D) - Bagged contracts worth an aggregate amount of $33 million from the oil and gas industry. The contracts involve engineering works and supply of key large-scale equipment for upstream and downstream oil and gas developments in Africa, Asia Pacific, Middle East, North America and South America. The latest contract wins will lift the group’s order book to $520 million. (source : Shares Investment)
2. REITS : Starhill Global Trust (P40U) - Posted a 4.1 percent gain in net property income to $39.6 million for the third quarter ended 30 September, led by lower property expenses despite flat revenue attributed by weaker contribution from its Renhe Spring Zongbei property and properties located in Japan. Subsequently, income available for distribution moved north by 5.5 percent to $28.6 million. The trust has declared a distribution per unit of $0.0127. (source : Shares Investment)
3. REITS : First Ship Lease Trust (D8DU) - Its revenue rose 5.2 percent to US$23.6 million for the third quarter ended 30 September, as a result of higher contributions from time charter and pool vessels. In absence of impairment losses incurred on its vessels compared to a US$3.6 million loss in the corresponding quarter last year, the trust reversed losses and recognised a net profit of $0.7 million. For the nine months, revenue made a gain of 3.3 percent to US$69 million while net losses shrank 86.2 percent to US$3.2 million. (source : Shares Investment)
4. The Hour Glass (E5P) - Agreed to acquire a six-storey freehold retail and commercial office building in Sydney, Australia, for A$32.8 million (approximately $36.9 million). The acquisition will provide the group with the opportunity to develop and strengthen its watch retail footprint in Australia. (source : Shares Investment)
Cheers!
2. REITS : Starhill Global Trust (P40U) - Posted a 4.1 percent gain in net property income to $39.6 million for the third quarter ended 30 September, led by lower property expenses despite flat revenue attributed by weaker contribution from its Renhe Spring Zongbei property and properties located in Japan. Subsequently, income available for distribution moved north by 5.5 percent to $28.6 million. The trust has declared a distribution per unit of $0.0127. (source : Shares Investment)
3. REITS : First Ship Lease Trust (D8DU) - Its revenue rose 5.2 percent to US$23.6 million for the third quarter ended 30 September, as a result of higher contributions from time charter and pool vessels. In absence of impairment losses incurred on its vessels compared to a US$3.6 million loss in the corresponding quarter last year, the trust reversed losses and recognised a net profit of $0.7 million. For the nine months, revenue made a gain of 3.3 percent to US$69 million while net losses shrank 86.2 percent to US$3.2 million. (source : Shares Investment)
4. The Hour Glass (E5P) - Agreed to acquire a six-storey freehold retail and commercial office building in Sydney, Australia, for A$32.8 million (approximately $36.9 million). The acquisition will provide the group with the opportunity to develop and strengthen its watch retail footprint in Australia. (source : Shares Investment)
Cheers!
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