Market News In 2 Minutes @ 24th February 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. Singapore’s Consumer Price Index (CPI) (an indicator for inflation) fell 0.4 percent year-on-year in January. This followed the 0.1 percent contraction in the previous month of December. The contraction of CPI in January was mainly attributed to sharper price declines in direct oil-related items as well as growth moderation in lower food and services inflation. The Monetary Authority of Singapore has forecasted that inflation would be in the range of -0.5 to 0.5 percent this year while core inflation would be between 0.5 and 1.5 percent.  (source : Shares Investment)

2. Asian Pay Television Trust (S7OU) - Its revenue gained 4 percent to $81.8 million for the fourth quarter ended 31 December 2014, underpinned mainly by higher contribution from basic cable television. However, a 23 percent expansion in total operating expenses in particular to a 37.1 percent gain in depreciation and amortisation expenses, led earnings to fall 21.6 percent to $16.3 million. For the full year, revenue surged 72.2 percent while net profit advanced in excess of 100 percent to $114.3 million. The trust has declared a distribution per unit of $0.0213 for the quarter, bringing total distribution for the year to $0.0825 that is in line with the trust’s guidance. (source : Shares Investment)

 

3. Rex International Holding (5WH) - Completed the acquisition of the remaining share capital of Parex Resources (Trinidad) for US$1.5 million. The target company owns a 63.8 percent working interest in the Cory Moruga Block in Trinidad & Tobago. Post acquisition, Rex International will have an 83.8 percent indirect interest in the Cory Moruga Block. The acquisition was funded with proceeds from a share placement in 17 September 2014. (source : Shares Investment)

Cheers!