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 : CapitaCommercial Trust (C61U) - For the fourth quarter ended 31 December, it reported a 3.1 percent increase in gross revenue to $66.4 million driven by higher rental rates and occupancies. Net property income margin remained flat at 76.3 percent. Distributable income to unitholders rose 5.7 percent to $63.6 million. Distributions per unit rose 2.9 percent to $0.0215, bringing the full-year distribution per unit to $0.0846. (source : Shares Investment)
2. RETIS : Mapletree Industrial Trust (ME8U) - For the third quarter ended 31 December 2014, it reported an increase in gross revenue by 3.3 percent to $78.1 million because of higher rental rates of renewal leases, as well as contributions from its completed development projects. Net property income margin rose 1.5 percentage points from 72.7 percent in 3Q14 to 74.2 percent in 3Q15, due to lower operating expenses. Amount available for distribution rose by 9 percent to $46 million despite a fall in interest income and a rise in borrowing costs. Distribution per unit rose by 6.4 percent to $0.0267. (source : Shares Investment)
3. Rex International Holding (5WH) - Announced that its subsidiary Carribean Rex completed the drilling of three wells in Trinidad & Tobago. Of the three, two are deemed to be commercial with substantial net pay sands. The company was able to lower drilling costs by 40 percent below budget, costing less than US$1 million per well. In a separate filing, Rex announced it made a NOK13.7 million subscription of Fram Exploration shares, increasing its stake from 22.3 percent to 30.3 percent after completion. The company also disclosed its decision to take in account the lower implied valuation of its associated company Fram Exploration to address impairment effects on the book value of its equity stake in Fram Exploration. This may result in larges losses for FY14 compared to FY13. (source : Shares Investment)
Cheers!
2. RETIS : Mapletree Industrial Trust (ME8U) - For the third quarter ended 31 December 2014, it reported an increase in gross revenue by 3.3 percent to $78.1 million because of higher rental rates of renewal leases, as well as contributions from its completed development projects. Net property income margin rose 1.5 percentage points from 72.7 percent in 3Q14 to 74.2 percent in 3Q15, due to lower operating expenses. Amount available for distribution rose by 9 percent to $46 million despite a fall in interest income and a rise in borrowing costs. Distribution per unit rose by 6.4 percent to $0.0267. (source : Shares Investment)
3. Rex International Holding (5WH) - Announced that its subsidiary Carribean Rex completed the drilling of three wells in Trinidad & Tobago. Of the three, two are deemed to be commercial with substantial net pay sands. The company was able to lower drilling costs by 40 percent below budget, costing less than US$1 million per well. In a separate filing, Rex announced it made a NOK13.7 million subscription of Fram Exploration shares, increasing its stake from 22.3 percent to 30.3 percent after completion. The company also disclosed its decision to take in account the lower implied valuation of its associated company Fram Exploration to address impairment effects on the book value of its equity stake in Fram Exploration. This may result in larges losses for FY14 compared to FY13. (source : Shares Investment)
Cheers!
No comments:
Post a Comment