ASEAN KEY DESTINATIONS
25 April 2014
The Straits Times Index (STI) ended -16.36 points lower or -0.50% to 3267.57, taking the year-to-date performance to +3.24%.
The FTSE ST Mid Cap Index declined -0.83% while the FTSE ST Small Cap Index declined -0.19%. The top active stocks were CapitaMalls Asia (+0.45%), POSH (+0.43%), SingTel (-0.27%), Keppel Corp (-0.76%) and DBS (-0.59%).
The outperforming sectors today were represented by the FTSE ST Health Care Index (-0.23%). The two biggest stocks of the FTSE ST Health Care Index are Raffles Medical Group (+1.18%) and Biosensors International Group (-1.54%). The underperforming sector was the FTSE ST Utilities Index, which declined -1.48% with Hyflux’s share price declining -1.61% and HanKore’s share price declining -2.44%. The FTSE ST Oil & Gas Index declined -0.47%. The FTSE ST Telecommunications Index declined -0.28%.
The three most active Exchange Traded Funds (ETFs) by value today were the DBS Singapore STI ETF (-0.30%), SPDR Gold Shares (+0.76%), IS MSCI India (-0.31%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-0.75%), Ascendas REIT (-2.55%), Suntec REIT (-0.86%).
The most active index warrants by value today were HSI22400MBePW140529 (+35.00%), HSI22800MBeCW140529 (-31.75%), HSI21800MBePW140529 (+32.26%).
The most active stock warrants by value today were KepCorp MBeCW140901 (-3.90%), DBS MB eCW140604 (-6.45%), KepCorp MBeCW140603 (-8.51%).
Singapore Stock Market
*ST Index 3,267.57 -16.36 3,283.93 +25.92
Volume: 1,996.9M 2,111.8M
Value: $1,257.1M $1,340.6M
Gainers/Losers: 165/269 321/132
Daily Market Commentary (Securities)
25 Apr 2014
The FBM KLCI index lost 4.30 points or 0.23% on Friday. The Finance Index fell 0.12% to 17073.58 points, the Properties Index dropped 0.15% to 1452.82 points and the Plantation Index down 0.08% to 8995.73 points. The market traded within a range of 8.34 points between an intra-day high of 1868.29 and a low of 1859.95 during the session.
Actively traded stocks include UTOPIA, KNM-WA, TIGER, PDZ, TALAMT, ASIAPAC, KBUNAI, ASIABIO, IRIS and MPAY. Trading volume decreased to 1932.73 mil shares worth RM1893.38 mil as compared to Thursday’s 2023.00 mil shares worth RM1965.00 mil.
Leading Movers were GENTING (+6 sen to RM9.80), PETDAG (+40 sen to RM30.62), PETGAS (+10 sen to RM23.70), DIGI (+1 sen to RM5.35) and MAXIS (+1 sen to RM6.93). Lagging Movers were PETCHEM (-12 sen to RM6.73), MISC (-22 sen to RM6.26), IHH (-5 sen to RM3.88), SKPETRO (-4 sen to RM4.28) and YTL (-2 sen to RM1.63). Market breadth was negative with 382 gainers as compared to 463 losers.
The KLCI extended its losing streak in the last trading day of the week before closing lower at 1860.98 points amid the mixed performance of the regional market after an uninspiring handover from Wall Street overnight amid concerns of escalating tension between the West and Russia over Ukraine.
Date As of: 25 April 2014
Description Volume Value Frequency
ETF 37,200 14,082,300 171
Stock 4,192,353,681 5,344,000,285,416 178,058
Warrant 33,309,200 1,968,913,800 1,037
Total 4,225,700,081 5,345,983,281,516 179,266
Thai bourse welcomes sugar producer Kaset Thai International Sugar
BANGKOK, April 25, 2014 - The Stock Exchange of Thailand's (SET) welcomes Kaset Thai International Sugar Corporation pcl, Thailand's third biggest sugar producer, on its main board on April 28, under the ticker symbol "KTIS," with a market capitalization at the initial public offering (IPO) price of THB 38.6 billion (approx. USD 1.19 billion).
SET Executive Vice President Chanitr Charnchainarong said that KTIS would be listed in SET's Food and Beverage sector, becoming the fifth new listing on SET this year. The company produced and distributed sugar and other related sugar-based businesses such as paper pulp, ethanol, and power plant.
KTIS has a paid-up registered capital of THB 3.86 billion, consisting of 3.27 billion existing shares and 585.43 million newly-issued shares, with a par value of THB 1.00 each. The company offered the 957.83 million shares through an IPO at THB 10 per share during April 21-23, for the total of THB 5.85 billion.
Kasikornthai Securities pcl is the company's financial advisor, while KT Zmico Securities pcl and Maybank Kim Eng Securities (Thailand) pcl are its joint lead underwriters.
Parphan Siriviriyakul, CEO of KTIS Group, said "We feel honored to list on SET.
This will be a significant step to enhance our goodwill and image, as well as financial strength and business potential. The fund raised will be used for the
construction of two biomass electricity plants to increase another 100 mega-watt capacity, as well as the production projects of syrup, pure white sugar and organic fertilizer."
KTIS's three major shareholders after the IPO are Siriviriyakul Family (68.47 percent), 3S Holding Co., Ltd. (7.55 percent), and Aushores Trust (Singapore) Pte. Ltd. (ATO Zenith Asia Fund) (3.32 percent). The IPO price had a price-to-earnings ratio (P/E) of 30.54 times, calculated by using its 2013 net profits, divided by the number of fully-diluted shares. KTIS's dividend policy is to pay no less than 50 percent of net profits after reserves.
As of 25 April 2014 Unit: M.Baht
Type Buy Sell Net
Institution 2,703.58 2,711.12 -7.55
Proprietary 2,919.23 3,565.14 -645.91
Foreign 8,307.31 7,414.86 892.45
Individual 21,108.73 21,347.72 -238.99
Total Trading Value 35,038.85 M.Baht
Vietnam index gains 1.5 pct, volume low, falls expected
Vietnam's benchmark VN Index ended up 1.48 percent on Friday with PetroVietnam Gas shares leading the rise, but investors traded in caution, resulting in a low volume.
PetroVietnam Gas, Vietnam's biggest listed firm, rose 4.86 percent to a record 97,000 dong ($4.6) per share.
Technology firm FPT climbed 3.05 percent. The company's first quarter net profit was nearly unchanged, but revenue in the period jumped 30 percent from a year earlier, it said in a statement on Thursday.
"Investors have been trading cautiously with low cash flow, and waiting for more supportive news," said Nguyen Hoai Nam, deputy manager at Maybank Kim Eng Securities.
Volume was 64.3 million shares, below the five-day average of 76 million, Reuters data showed.
"The market is expected to drop in the short term," Nam added. The index has gained 2.4 percent this week, based on Reuters data.
Here is a snapshot of the VN Index at the close
VN Index 578.92
PREV. CLOSE 570.46
% CHANGE 1.48%
SE Asia Stocks-Most down; Politics weighs in Thailand
Most Southeast Asian stocks fell on Friday, with political uncertainty driving Thai equities down and profit-taking stretching losses to a third day in the Philippines.
Bangkok's SET Index lost 1.02 percent, its biggest drop in six weeks, as fears mount that the country's lengthy political crisis could move into a more violent phase as the Thai government was to ask the army to deploy more troops in the capital.
Siam Cement PCL was the biggest loser, with its shares tumbling 3.14 percent, followed by Kasikornbank PCL which fell 2.61 percent.
Investors on the Philippine bourse secured profits from recent rallies, dragging the benchmark down 1.5 percent over three straight sessions.
The Philippine SE Composite Index has faced some strong selling pressure around its resistance level of 6,800 while upside momentum has slowed down, said market strategist Manny Cruz at Asiasec Equities.
The index lost 0.69 percent to close at 6685.1, trimming its gain of as much as 13.6 percent since early February.
"We are looking at a week or two for the market to shed some more," Manny added.
Stocks in Malaysia and Singapore also lost ground on Friday, while Indonesia's Jakarta SE Composite Index <.JKSE> bucked the trend to edge up 0.13 percent.
Vietnam rose 1.5 percent, but thin trade and lack of supportive news could pull the index down soon, analysts said.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 419.59 421.03 -0.34
Singapore 3267.57 3283.93 -0.50
Kuala Lumpur 1860.98 1865.28 -0.23
Bangkok 1408.16 1422.67 -1.02
Jakarta 4897.64 4891.08 +0.13
Manila 6685.10 6731.33 -0.69
Ho Chi Minh 578.92 570.46 +1.48