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 : Capitacommercial Trust (C61U) - Reported a 6.5 percent rise in 1Q15 revenue, and a 6.4 percent increase in net property income to around $54 million. Distribution income to unitholders, as a result, rose 4.7 percent to $62.8 million for 1Q15. Distribution per unit also rose some 4 percent to 2.12 cents for 1Q15. Positive rent reversions and higher occupancies resulted in higher gross revenue in 1Q15 versus 1Q14, thereby resulting in higher net property income. (source : Shares Investment)
2. Karin Technology (K29) - Its subsidiary, Karin Electronic Supplies, has secured the distributorship in Hong Kong for IT products by Huawei Tech Investment. Karin will, under the agreement, distribute Huawei’s full range of IT products including an impressive range of servers, storage systems, cloud computing products, and data center solutions. Company believes that this is a significant development for Karin’s brand and product portfolio. (source : Shares Investment)
3. Perennial Real Estate Holdings (40S) - Announced a 50:50 joint venture with IJM Land to acquire and develop an approximately 1.4 million square feet freehold waterfront site into a large-scale integrated mixed-use development in Gelugor town located on the eastern coastline of Penang, Malaysia. The total development cost for the project is estimated to be over RM3 billion. The JV in Penang marks the group’s first foray into a new market which will augment its existing business in core markets of China and Singapore, which should help to diversify its investment portfolio to generate sustainable returns over the longer term. (source : Shares Investment)
4. Sembcorp Marine (S51) - Its wholly owned subsidiary Sembawang Shipyard has secured a Floating Storage and Offloading (FSO) conversion contract worth $56 million from Teekay for the Gina Krog Field in the North Sea. The vessel is expected to arrive at Sembawang Shipyard in June 2015. (source : Shares Investment)
Cheers!
2. Karin Technology (K29) - Its subsidiary, Karin Electronic Supplies, has secured the distributorship in Hong Kong for IT products by Huawei Tech Investment. Karin will, under the agreement, distribute Huawei’s full range of IT products including an impressive range of servers, storage systems, cloud computing products, and data center solutions. Company believes that this is a significant development for Karin’s brand and product portfolio. (source : Shares Investment)
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3. Perennial Real Estate Holdings (40S) - Announced a 50:50 joint venture with IJM Land to acquire and develop an approximately 1.4 million square feet freehold waterfront site into a large-scale integrated mixed-use development in Gelugor town located on the eastern coastline of Penang, Malaysia. The total development cost for the project is estimated to be over RM3 billion. The JV in Penang marks the group’s first foray into a new market which will augment its existing business in core markets of China and Singapore, which should help to diversify its investment portfolio to generate sustainable returns over the longer term. (source : Shares Investment)
4. Sembcorp Marine (S51) - Its wholly owned subsidiary Sembawang Shipyard has secured a Floating Storage and Offloading (FSO) conversion contract worth $56 million from Teekay for the Gina Krog Field in the North Sea. The vessel is expected to arrive at Sembawang Shipyard in June 2015. (source : Shares Investment)
Cheers!
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