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 : Cache Logistics Trust (K2LU) - For the fourth quarter ended 31 December 2014, it announced a 0.4 percent dip in revenue to $20.6 million, while net property income dipped 1 percent to $19.4 million due to vacancies and tenants’ rent-free period, as well as higher property maintenance expenses and lease commissions. Distributable income rose 1 percent to $16.8 million. Distribution per unit rose 0.4 percent to $0.02146, bringing the full-year distribution per unit to $0.08573. (source : Shares Investment)
2. REITS : CDL Hospitality Trusts (J85) - For the fourth quarter ending 31 December 2014, it posted a 14.4 percent rise in revenue to $45.1 million, attributed to the recognition of the full quarter’s hotel revenue from Jumeirah Dhevanafushi and a $1.3 million rental boost from Angsana Velavaru in the Maldives. Net property income grew by 6 percent to $38.6 million. Distributable income rose 7.8 percent to $34.1 million. A distribution per stapled security of $0.0313 was declared, a 7.2 percent jump year-on-year, bringing its full-year distribution to $0.1098. (source : Shares Investment)
3. REITS : CitySpring Infrastructure Trust (A7RU) - For the third quarter ended 31 December 2014, it reported a 7.3 percent fall in revenue to $120 million, due to lower contributions from its operating assets, City Gas, SingSpring and Basslink. Higher operating expenses, due to a Hydro Tasmania dispute settlement of AUD6 million, dragged the trust into a net loss position of $10.7 million. Distributions per unit remained constant at $0.0082, bringing year-to-date distribution to $0.0246. (source : Shares Investment)
4. Hoe Leong Corporation (H20) - Has agreed to sell its 49 percent stake in Semua International, an oil tanker and transport logistics company in Malaysia, to Reachmont Logistics and Asia Bioenergy Technologies, as Semua has been performing below expectations. The consideration of RM168 million will either be satisfied in cash, or shares in Asia Bioenergy Technologies. (source : Shares Investment)
5. REITS : Mapletree Greater China Commercial Trust (RW0U) - For the third quarter ending 31 December 2014, it reported revenue of $73.6 million, a 12 percent year-on-year jump. Net property income hit $59.3 million, 10.2 percent above that of 3Q14. Distributable income was 11 percent higher year-on-year at $45.1 million. A distribution per unit of $0.01662 was declared, 17 percent higher compared to its target. This brought its year-to-date distributions to $0.04815. (source : Shares Investment)
6. Olam International (O32) - Redeemed US$750 million bonds due 2018 on 27 February, at 103.4 percent of the principal amount together with unpaid accrued interest. (source : Shares Investment)
7. REITS : OUE Hospitality Trust (SK7) - For the fourth quarter ended 31 December 2014, it saw a 4.8 percent growth in its revenue to $30.4 million due to better per-unit revenues in its hotel and retail assets. Net property income rose 5.5 percent to $27 million. Distributable income hit $23.6 million, a 7.5 percent rise from the previous year. A distribution per unit of $0.0178 was declared, bringing distribution per unit for the year to $0.0674. (source : Shares Investment)
8. REITS : Parkway Life (C2PU) - For the fourth quarter ended 31 December 2014, Parkway Life disclosed a 1.5 percent increase in revenue to $25.1 million, due to higher rent from Singapore properties and rental contributions from Japanese properties acquired in 2H13 and in 2014. Net property income was $23.5 million, up 1.3 percent. Distributable income rose 2.9 percent to $17.5 million. The trust declared a distribution per unit of $0.029, a 2.8 percent rise from the previous year, bringing FY14 distribution per unit to $0.1152. (source : Shares Investment)
9. REITS : Starhill Global (P40U) - For its fourth quarter ended 31 December 2014, it saw a 0.4 percent fall in revenue to $48.9 million, due to weaker contributions from Renhe Spring Zongbei in China and Japanese properties. Net property income grew 2 percent to $39.6 million, as property expenses were lower. Distributable income went up by 6.6 percent to $29.1 million. The trust declared a distribution per unit of $0.0129, 4.9 percent higher year-on-year, bringing total distribution per unit for the year to $0.0505. (source : Shares Investment)
Cheers!
2. REITS : CDL Hospitality Trusts (J85) - For the fourth quarter ending 31 December 2014, it posted a 14.4 percent rise in revenue to $45.1 million, attributed to the recognition of the full quarter’s hotel revenue from Jumeirah Dhevanafushi and a $1.3 million rental boost from Angsana Velavaru in the Maldives. Net property income grew by 6 percent to $38.6 million. Distributable income rose 7.8 percent to $34.1 million. A distribution per stapled security of $0.0313 was declared, a 7.2 percent jump year-on-year, bringing its full-year distribution to $0.1098. (source : Shares Investment)
3. REITS : CitySpring Infrastructure Trust (A7RU) - For the third quarter ended 31 December 2014, it reported a 7.3 percent fall in revenue to $120 million, due to lower contributions from its operating assets, City Gas, SingSpring and Basslink. Higher operating expenses, due to a Hydro Tasmania dispute settlement of AUD6 million, dragged the trust into a net loss position of $10.7 million. Distributions per unit remained constant at $0.0082, bringing year-to-date distribution to $0.0246. (source : Shares Investment)
4. Hoe Leong Corporation (H20) - Has agreed to sell its 49 percent stake in Semua International, an oil tanker and transport logistics company in Malaysia, to Reachmont Logistics and Asia Bioenergy Technologies, as Semua has been performing below expectations. The consideration of RM168 million will either be satisfied in cash, or shares in Asia Bioenergy Technologies. (source : Shares Investment)
5. REITS : Mapletree Greater China Commercial Trust (RW0U) - For the third quarter ending 31 December 2014, it reported revenue of $73.6 million, a 12 percent year-on-year jump. Net property income hit $59.3 million, 10.2 percent above that of 3Q14. Distributable income was 11 percent higher year-on-year at $45.1 million. A distribution per unit of $0.01662 was declared, 17 percent higher compared to its target. This brought its year-to-date distributions to $0.04815. (source : Shares Investment)
6. Olam International (O32) - Redeemed US$750 million bonds due 2018 on 27 February, at 103.4 percent of the principal amount together with unpaid accrued interest. (source : Shares Investment)
7. REITS : OUE Hospitality Trust (SK7) - For the fourth quarter ended 31 December 2014, it saw a 4.8 percent growth in its revenue to $30.4 million due to better per-unit revenues in its hotel and retail assets. Net property income rose 5.5 percent to $27 million. Distributable income hit $23.6 million, a 7.5 percent rise from the previous year. A distribution per unit of $0.0178 was declared, bringing distribution per unit for the year to $0.0674. (source : Shares Investment)
8. REITS : Parkway Life (C2PU) - For the fourth quarter ended 31 December 2014, Parkway Life disclosed a 1.5 percent increase in revenue to $25.1 million, due to higher rent from Singapore properties and rental contributions from Japanese properties acquired in 2H13 and in 2014. Net property income was $23.5 million, up 1.3 percent. Distributable income rose 2.9 percent to $17.5 million. The trust declared a distribution per unit of $0.029, a 2.8 percent rise from the previous year, bringing FY14 distribution per unit to $0.1152. (source : Shares Investment)
9. REITS : Starhill Global (P40U) - For its fourth quarter ended 31 December 2014, it saw a 0.4 percent fall in revenue to $48.9 million, due to weaker contributions from Renhe Spring Zongbei in China and Japanese properties. Net property income grew 2 percent to $39.6 million, as property expenses were lower. Distributable income went up by 6.6 percent to $29.1 million. The trust declared a distribution per unit of $0.0129, 4.9 percent higher year-on-year, bringing total distribution per unit for the year to $0.0505. (source : Shares Investment)
Cheers!
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