Tuesday, January 27, 2015

Market News In 2 Minutes @ 27th 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 : OUE Commercial REIT (TS0U) - Announced a DPU of 1.44 cents for the 4Q ended December 2014. This is 5.1% higher than forecasted. It delivered gross revenue of $71.5 million in FY2014, 3.6% increase over the forecast and the Net Property Income (NPI) of $53.8 million was 7% ahead of forecast. (source : The Edge Singapore)

2. CapitaLand (C31) - Its CapitaMalls Malaysia Trust signed a sales and purchase agreement with Tropicana City, to acquire Tropicana City Mall and Tropicana City Office Tower at a consideration of RM540 million. Post-acquisition, gearing ratio of CapitaMalls Malaysia Trust will increase from 28.8 percent to 39.5 percent. (source : Shares Investment)

3. JES International Holdings (EG0) - Has entered into a shares subscription agreement with Brilliant Choice International and Sun Yiyi, to which the latter parties will subscribe for 183 million new JES shares at a discounted price of $0.036 each. The subscription shares will represent 15.2 percent of existing issued shares and will increase the share capital of the company by $6.6 million. Proceeds raised will be used to pay off part of an amount owed to JES Overseas Investment. (source : Shares Investment)

4.  Viva Industrial Trust (T8B) - For the fourth quarter ending 31 December 2014, it reported revenue of $16.6 million, 8.7 percent better than forecasted. Net property income came in 8.6 percent higher at $11 million. Distributable income was at $10.3 million, a slight 1.6 percent off target. The group announced a distribution per stapled security of $0.01701, hitting below the mark by 0.7 percent, bringing total distribution per security for FY14 to $0.06833. (source : Shares Investment)


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