Thursday, January 29, 2015

Market News In 2 Minutes @ 29th 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 : AIMS AMP Capital Industrial (O5RU) - Its gross revenue rose 8.8 percent to $29.7 million for the third quarter ended 31 December 2014, attributable to rental contribution from newly completed properties (103 Defu Lane 10 and Phase2E of 20 Gul Way). Consequently, as the expansion in rental income outpaced the rise in expenses, 3Q15 income available for distribution grew 21 percent to $14.6 million and a distribution per unit (DPU) of $0.0277 has been declared for the quarter. (source : Shares Investment)

2. REITS : CapitaRetail China Trust (AU8U) - A DPU of $0.0248 for fourth quarter ended 31 December 2014 has been posted. The DPU represents a 12.7 percent rise from the 2.2 cents DPU a year ago. Net property income grew 30.1 percent to $33.5 million mainly due to a stronger yuan against the Singapore dollar. (source : Shares Investment)

3. Ntegrator International (5HC) - Has secured four contracts worth $10.7 million for projects in Singapore, Vietnam and Myanmar. The contracts entail the provision of various supplies and equipment as well as installation, testing and commissioning services for the telecommunication sector. (source : Shares Investment)

4. Terratech Group (40I) - Has entered into an agreement to acquire the entire stake three Chinese companies (collectively referred to as Meilian Changchi) that produces and sells marble tiles and marble mosaic tiles, which is seen to allow greater efficiencies and cost savings. The consideration will be paid in the form of 186 million new shares in the group, representing approximately 23.2 percent of the enlarged share capital and is worth an estimated $15.4 million.  (source : Shares Investment)


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