Tuesday, January 20, 2015

Market News In 2 Minutes @ 20th January 2015

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 : Keppel Infrastructure Trust (LH4U) - For the year ended 31 December 2014, , its revenue fell 2.5 percent to $65.5 million, because of lower finance and operations and maintenance income. Operating margin fell 1.9 percentage points from 21.9 percent in FY13 to 20 percent in FY14. Consequently, net profit fell 10.4 percent to $12.7 million. Earnings were lower due to higher output from the waste-to-energy plants and higher operation and maintenance tariffs as well as higher trust expenses. Distribution per unit for the year remained at $0.0782. (source : Shares Investment)

2. REITS : Keppel REIT (K71U) - Its revenue for FY14 rose 5.8 percent to $184.1 million, despite absence of contribution from Prudential Tower which was divested in September 2014. Net property income margin rose 2.8 percentage points from 79.5 percent in FY13 to 82.3 percent in FY14. However, a 31.4 percent decline in rental support and a 45.5 percent drop in revaluation gains caused income available for distribution to fall 3.7 percent to $206.1 million. Distribution per unit for FY14 fell 8.2 percent to $0.0723. (source : Shares Investment)

3. REITS : Mapletree Logistics Trust (M44U) - Has released financial reports for 3Q15, stating a 6.2 percent rise in revenue to $82.9 million due to contributions from six properties acquired in China, Singapore, Malaysia and South Korea in FY15, as well as contribution from Mapletree Benoi Logistics Hub and higher revenue from existing Singapore assets. Net property income margin fell 2.5 percentage points from 86.3 percent in 3Q14 to 83.8 percent in 3Q15. Total amount distributable to unitholders for the period rose 2.7 percent to $46.2 million. Distribution per unit increased by 1.6 percent to $0.0187. (source : Shares Investment)

Cheers!

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