Thursday, December 4, 2014

Market News In 2 Minutes @ 4th December 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. Annaik (A52) - Has entered into two agreements to sale its 19 percent stake each in Shinsei Company (S) and Both-Well Holdings (S) for a total consideration of $4.5 million. The former has been in a loss-making position since incorporation while Both-Well merely broke even for the six-month period ended 30 June. (source : Shares Investment)

2. Boustead Singapore (F9D) - Announced that it is considering the proposed demerger of its real estate solutions business, undertaken primarily by is subsidiary, Boustead Projects and subsidiaries. The demerger will consolidate its real estate solution business under Boustead Projects, and aim to distribute Boustead Project shares (BP shares), currently own by the company, to its shareholders, with hopes of listing BP shares on the main board of the Singapore Exchange Securities Trading. (source : Shares Investment)

3. Del Monte Pacific (D03) - Together with Nice Fruit and Ferville, will establish a joint venture (JV) company to operate a modern de-hydro freezing facility in Del Monte’s pineapple plantation in Mindanao, Philippines, and engage in the production and sale of frozen fruit products. The JV, which Del Monte will hold a 35 percent stake in, is expected to contribute to the firm’s overall sales. (source : Shares Investment)

4. REITS : First REIT (AW9U) - Has agreed to purchase Siloam Sriwijaya, a seven-storey hospital building sitting on a total floor area of about 15,335.8 square metres (sqm), for $39.2 million. The proposed purchase price is 8.3 percent lower than the average of two independent valuations done on the property. The property will be leased to PT Metropolis Propertindo Utama for an initial period of 15 years, with an extension option of another 15 years. The base rent will be $3.9 million, with a variable component to kick in from the fourth year onwards. (source : Shares Investment)

5. Manufacturing Integration Technology (M11) - Has won $13.7 million worth of orders for its vision inspection, die sorting and laser marking equipment for delivery in 1Q15. The new orders would lift the firm’s order book to $32.9 million as of 2 December. (source : Shares Investment)

6. Singapore Post (S08) - Its subsidiary, Quantium Solutions (Australia), has agreed to buy Couriers Please Holdings, an Australian-based parcel delivery company for A$95 million ($105 million). The move would help expand the firm’s regional ecommerce delivery networks and allow it to roll out end-to-end solutions across ecommerce, forwarding, warehousing and delivery in Australia. (source : Shares Investment)

7. IPO : mm2 Asia - The Singapore headquartered movie and TV producer is seeking a listing on the Catalist board. The company will place out 37.4 million shares, at 25 cents each. valuing the stock at 16 times earning for the year ended March 31, the shares will start trading on 9th Dec 2014. (source : The Edge Singapore)

 8. Tritech (5G9) - Its wholly-owned subsidiary, Presscrete Engineering has been awarded a contract worth $19.24 millions by the PUB. (source : The Edge Singapore)


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