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 : Fortune REIT (F25U) - For the full year ended 31 December 2014, it saw a rise in revenue by 25.7 percent to HK$1.7 billion. This is the strongest growth since FY06, on the back of solid occupancy rates, record-breaking rental reversion across the portfolio and full year income stream from Fortune Kingswood. Net property income margin fell 0.4 percentage point from 70.5 percent in FY13 to 70.1 percent. Distributable income rose 21.5 percent to HK$780.8 million. A final distribution per unit of HK$0.208 was declared, bringing full year DPU to HK$0.4168, an increase by 15.8 percent from the previous year. (source : Shares Investment)
2. Fragrance Group (F31) - Its subsidiary Fragrance TAS-Hobart has on Wednesday acquired a property at 171 Macquarie Street, Tasmania for AUD1.5 million ($1.6 million). The property has a freehold tenure, with a land size of 525 square metres and is currently classified in the “central commercial and administrative” zone. (source : Shares Investment)
3. Frasers Centrepoint (TQ5) - Announced on behalf of Sinomax International, its indirect wholly owned subsidiary, that an agreement to sell its entire stake in Beijing Sin Hua Yan Real Estate Development Co to Beijing Haina Junan Investment Co for Rmb357.4 million ($76.6 million) in cash. The divestment is in line with the group’s plan to streamline and divest its non-core business, and to focus on the main activities of the group. (source : Shares Investment)
4. REITS : Mapletree Commercial Trust (N2IU) - For the third quarter ended 31 December 2014, it saw a 6.5 percent rise in revenue to $72.9 million due to a higher rental income from VivoCity and PSA Building. Net property income margin rose 2.9 percentage points from 72.2 percent in 3Q14 to 75.1 percent, given lower utilities expense, lower tariff rates as well as savings in the costs of organizing marketing and promotional events at the retail malls. Distributable income rose 13 percent to $43.8 million. A distribution per unit of $0.0208 was declared, an increase of 11.5 percent from the previous year. (source : Shares Investment)
5. REITS : Sabana Shari’ah Compliant (M1GU) - For the fourth quarter ended 31 December 2014, saw a rise in revenue of 1.9 percent to $25.3 million. Net property income margin fell 8.3 percentage points from 80.1 percent in 4Q13 to 71.8 percent. Distributable income fell 14.8 percent to $12.9 million. A distribution per unit of $0.0178 was declared, a decrease by 18.7 percent from the
previous year. (source : Shares Investment)
Cheers!
2. Fragrance Group (F31) - Its subsidiary Fragrance TAS-Hobart has on Wednesday acquired a property at 171 Macquarie Street, Tasmania for AUD1.5 million ($1.6 million). The property has a freehold tenure, with a land size of 525 square metres and is currently classified in the “central commercial and administrative” zone. (source : Shares Investment)
3. Frasers Centrepoint (TQ5) - Announced on behalf of Sinomax International, its indirect wholly owned subsidiary, that an agreement to sell its entire stake in Beijing Sin Hua Yan Real Estate Development Co to Beijing Haina Junan Investment Co for Rmb357.4 million ($76.6 million) in cash. The divestment is in line with the group’s plan to streamline and divest its non-core business, and to focus on the main activities of the group. (source : Shares Investment)
4. REITS : Mapletree Commercial Trust (N2IU) - For the third quarter ended 31 December 2014, it saw a 6.5 percent rise in revenue to $72.9 million due to a higher rental income from VivoCity and PSA Building. Net property income margin rose 2.9 percentage points from 72.2 percent in 3Q14 to 75.1 percent, given lower utilities expense, lower tariff rates as well as savings in the costs of organizing marketing and promotional events at the retail malls. Distributable income rose 13 percent to $43.8 million. A distribution per unit of $0.0208 was declared, an increase of 11.5 percent from the previous year. (source : Shares Investment)
5. REITS : Sabana Shari’ah Compliant (M1GU) - For the fourth quarter ended 31 December 2014, saw a rise in revenue of 1.9 percent to $25.3 million. Net property income margin fell 8.3 percentage points from 80.1 percent in 4Q13 to 71.8 percent. Distributable income fell 14.8 percent to $12.9 million. A distribution per unit of $0.0178 was declared, a decrease by 18.7 percent from the
previous year. (source : Shares Investment)
Cheers!
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