ASEAN KEY DESTINATIONS
30 April 2015
The Straits Times Index (STI) ended 0.24 points or 0.01% higher to 3487.39, taking the year-to-date performance to +3.63%.
The top active stocks today were SingTel, which declined 0.23%, OCBC Bank, which declined 1.84%, DBS, which gained 0.19%, UOB, which gained 0.29% and Keppel Corp, with a 1.02% fall.
The FTSE ST Mid Cap Index gained 0.47%, while the FTSE ST Small Cap Index rose 0.18%.
The outperforming sectors today were represented by the FTSE ST Real Estate Holding and Development Index, which rose 1.00%. The two biggest stocks of the Index - Hongkong Land Holdings and Global Logistic Properties – ended 2.02% higher and 2.23% higher respectively.
The underperforming sector was the FTSE ST Consumer Goods Index, which slipped 1.04%. Wilmar International shares remained unchanged and Thai Beverage declined 3.38%.
The three most active Exchange Traded Funds (ETFs) by value today were:
IS MSCI India (-2.17%)
STI ETF (unchanged)
SPDR Gold Shares (-0.22%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Ascendas REIT (+0.41%)
Suntec REIT (-0.28%)
CapitaMall Trust (+0.46%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
UOB MB eCW150701 (+2.69%)
NOL MB eCW160201 (-11.11%)
KepCorp MBeCW150901 (-8.42%)
Singapore Stock Market
*ST Index 3,487.39 +0.24 3,487.15 -7.94
Volume: 1,382.7M 1,486.7M
Value: $1,467.9M $1,119M
Gainers/Losers: 200/223 184/268
Daily Market Commentary (Securities)
30 April 2015
The FBM KLCI index lost 24.66 points or 1.34% on Thursday. The Finance Index fell 0.98% to 16113.78 points, the Properties Index dropped 0.30% to 1322.97 points and the Plantation Index down 0.90% to 7595.52 points. The market traded within a range of 22.00 points between an intra-day high of 1841.06 and a low of 1819.06 during the session.
Actively traded stocks include DGB, DGB-WA, FRONTKN, VSOLAR, BIOHLDG, KANGER-WA, LUSTER, PERWAJA, NOVAMSC and KINSTEL. Trading volume decreased to 1515.84 mil shares worth RM2173.40 mil as compared to Wednesday’s 1585.26 mil shares worth RM1891.71 mil.
Leading Movers were BAT (-2 sen to RM66.98) and FGV (-1 sen to RM2.07). Lagging Movers were GENTING (-34 sen to RM8.75), PETCHEM (-21 sen to RM5.87), KLK (-64 sen to RM22.14), PPB (-40 sen to RM15.34) and MISC (-22 sen to RM9.15). Market breadth was negative with 372 gainers as compared to 422 losers.
The KLCI extended its losing streak by closing lower at 1818.27 points amid thin trade as investors were reluctant to take positions ahead of the holidays. Blue chips were succumbed to selling pressure in the afternoon trading session and pushed KLCI deeper into the red.
Date As of: 30 April 2015
Description Volume Value Frequency
ETF 58,400 9,221,600 13
Stock 6,520,331,847 9,908,887,295,230 278,064
Warrant 10,573,100 447,017,900 509
Total 6,530,963,347 9,909,343,534,730 278,586
Thai alternative bourse to list PM Thoresen Asia Holdings on May 6
Bangkok, April, 30 2015 - The Stock Exchange of Thailand (SET), will list PM Thoresen Asia Holdings pcl, a holding company that has a core subsidiary abroad to list on the Thai bourse, which will start trading on May 6, under the ticker symbol "PMTA". Its foreign-based core firm is Baconco Co., Ltd., a fertilizer and crop care producer in Vietnam.
SET Executive Vice President Chanitr Charnchainarong said that PMTA would list and trade in the Petrochemicals & Chemicals sector, being listed as the second holding company on SET which has a core subsidiary company aboard. PMTA's foreign-based core firm, Baconco, a fertilizer and crop care producer in Vietnam under the "STORK" trademark, was also an original equipment manufacturer or OEM of fertilizer for customers in more than 30 countries. In addition, Baconco also operated warehouse for rent.
PMTA has a paid-up registered capital of THB 1,012 million, consisting of 93.1 million existing common shares and 8.1 million newly issued shares, with a par value of THB 10.00. The company offered 35.42 million shares to Thoresen Thai Agencies' shareholders during March 30 - April 3 and the remaining shares to the
general public via IPO during April 20 - 22 at THB 18.00 each for a total of fund raising THB 145.8 million (approx. USD 4.42 million). CIMB Thai Bank pcl is its financial advisor, while CIMB Securities (Thailand) Co., Ltd. is its underwriter.
PMTA CEO Chalermchai Mahagitsiri said this listing reflected the market value of Baconco, the biggest privately-owned fertilizer producer in Vietnam with continuous growth and average annual profit of THB 200-300 million. The fund raised would be used for investment in space and building expansion for fertilizer and warehouse businesses, as well as for fertilizer packaging equipment and machinery to increase operational efficiency and competitive capability in the long run.
PMTA's three major shareholders after the IPO are Thoresen Thai Agency pcl (65.00 percent), Chalermchai Mahagitsiri (5.90 percent) and Raffles Resources 1 Co,Ltd (Wholly-owned by Chalermchai Mahagitsiri) (2.00 percent). The IPO price was equivalent to price per earnings ratio (P/E ratio) of 6.4 times, calculated by using the net profit in the past four quarters (Q1 2014 - Q4 2014) of the company and subsidiary divided by fully diluted shares, representing earnings per share of THB 2.8. The PMTA 's dividend policy is to pay no less than 25 percent of net profits after taxes , but excluded gain or loss from unrealized exchange rate. The dividend, meanwhile, depends on investment plan and related factors and not more than the rate from the accumulated profit in the financial statement.
As of 30 April 2015 Unit: M.Baht Unit: M.Bah
Type Buy Sell Net
Institution 17,872.61 2,179.36 15,693.24
Proprietary 3,658.14 3,881.44 -223.30
Foreign 11,058.37 12,919.53 -1,861.15
Individual 13,983.88 27,592.67 -13,608.79
Total Trading Value 46,573.00 M.Baht
SE Asia Stocks-Most fall ahead of holidays; Indonesia leads decline in April
BANGKOK, April 30 - Southeast Asian stock markets mostly fell on Thursday as weak U.S. growth data dented sentiment in broader Asia but Thai stocks snapped a three-day losing streak, a day after the central bank cut key interest rates unexpectedly.
Indonesia's key index closed the day down 0.4 percent, ending the month with the biggest drop since August 2013, the worst performer in the region.
Shares suffered selloffs this week amid concerns over economic growth and inflation.
Indexes in Malaysia and the Philippines both shed more than 1 percent, nursing a monthly loss of 0.7 percent and 2.8 percent, respectively.
Bucking the overall weakness, Singapore's Straits Times Index ended slightly higher, with a monthly rise of 1.2 percent, its sixth. Thai stocks edged up 0.3 percent on the day and 1.4 percent on the month.
CLSA has an 'overweight' position on equities in Thailand, Indonesia and the Philippines, and is "underweight" Singapore and Malaysia.
Vietnam , which has been closed since Tuesday through Friday, advanced 2.1 percent in April after a 7 percent drop a month earlier.
Singapore, Indonesia and the Philippines will be closed on Friday for a public holiday, with Malaysia closed on Friday as well as Monday.
The Thai stock market will be shut from Friday through Tuesday for public holidays.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3487.39 3487.15 +0.01
Kuala Lumpur 1818.27 1842.93 -1.34
Bangkok 1526.74 1522.47 +0.28
Jakarta 5086.42 5105.56 -0.37
Manila 7714.82 7825.47 -1.41
Ho Chi Minh 562.40 565.77 -0.60