ASEAN KEY DESTINATIONS
11 August 2015
The Straits Times Index (STI) ended 43.6 points or 1.36% lower to 3153.06, taking the year-to-date performance to -6.30%.
The top active stocks today were DBS, which declined 2.90%, Noble, which declined 1.72%, UOB, which declined 3.20%, SingTel, which declined 1.72% and Global Logistic, with a 0.84% fall.
The FTSE ST Mid Cap Index declined 1.00%, while the FTSE ST Small Cap Index declined 0.56%.
The outperforming sectors today were represented by the FTSE ST Health Care Index, which rose 1.00%. The two biggest stocks of the Index - Raffles Medical Group and Tianjin Zhongxin Pharmaceutical Group Corporation – ended 0.21% higher and 1.11% lower respectively.
The underperforming sector was the FTSE ST Financials Index, which slipped 1.81%. DBS Group Holdings shares declined 2.90% and OCBC declined 1.18%.
The three most active Exchange Traded Funds (ETFs) by value today were:
Spdr Gold Shares (+2.57%)
Sti Etf (-1.24%)
Is Msci India 100 (-1.96%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Ascendas Reit (-4.56%)
Capitamall Trust (-2.90%)
Capitacom Trust (-3.16%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
DBS MB eCW151201 (-26.83%)
OCBC Bk MBeCW151201 (-18.63%)
KepCorp MBeCW160201 (-4.96%)
Singapore Stock Market
*ST Index 3,153.06 -43.6 3,196.66 +5.27
Volume: 1,980M 1,468.5M
Value: $1,889.6M $1,004M
Gainers/Losers: 161/296 193/261
Daily Market Commentary (Securities)
11 August 2015
The FBM KLCI index lost 17.66 points or 1.07% on Tuesday. The Finance Index fell 1.63% to 14705.21 points, the Properties Index dropped 0.28% to 1150.26 points and the Plantation Index down 0.36% to 7154.67 points. The market traded within a range of 25.85 points between an intra-day high of 1661.62 and a low of 1635.77 during the session.
Actively traded stocks include FBMKLCI-HK, FBMKLCI-HM, TMS, FBMKLCI-HG, MAYBANKC10, HSI-HD, IFCAMSC, FBMKLCI-CZ, AMEDIA and UNISEM. Trading volume increased to 1987.06 mil shares worth RM2071.43 mil as compared to Monday’s 1914.58 mil shares worth RM1992.67 mil.
Leading Movers were PPB (+10 sen to RM15.30), ASTRO (+1 sen to RM2.98), DIGI (+1 sen to RM5.08), AXIATA (+1 sen to RM5.97) and IOICORP (+0 sen to RM4.05). Lagging Movers were AMMB (-18 sen to RM5.26), PETDAG (-70 sen to RM20.58), MAYBANK (-28 sen to RM8.52), SIME (-24 sen to RM8.16) and SKPETRO (-6 sen to RM2.19). Market breadth was negative with 290 gainers as compared to 529 losers.
The KLCI extended its sell down after closing lower at 1636.71 points despite chalked up gains in the early morning on the back of bargain-hunting. Malaysian stocks succumbed to renew selling-pressure as investors remain cautious over the domestic issue and as ringgit continues to slide.
Date As of: 11 August 2015
Description Volume Value Frequency
ETF 55,900 36,937,200 37
Stock 5,440,528,173 4,491,892,709,351 221,595
Warrant 3,189,900 106,677,100 170
Total 5,443,773,973 4,492,036,323,651 221,802
Thai alternative bourse to list Pioneer Motor on August 13
BANGKOK, August 11, 2015 - Market for Alternative Investment (mai) will list Pioneer Motor pcl, one of the leading manufacturers & sellers of air conditioner motors, on August 13, under the ticker symbol "PIMO". The company has a market capitalization at its initial public offering (IPO) price of THB 676 million (approx. USD 20 million).
mai President Prapan Charoenprawatt said that PIMO would list in the Industrial industry group on mai. The company was a manufacturer & seller of air conditioner motors, industrial induction motors and agricultural machinery, including submersible pumps, centrifugal pumps, pool & spa pump motors under its own "PIONEER MOTOR" brand, as well as being an original equipment manufacturer (OEM) for domestic and foreign customers in 20 countries.
PIMO has a paid-up registered capital of THB 130 million, consisting of 400 million existing common shares and 120 million newly issued shares, with a par value of THB 0.25 each. The company offered newly issued shares to the general public via IPO during August 3 - 5 at THB 1.30 each, for a total of THB 156
million. Asset Pro Management Co., Ltd. is its financial advisor while Capital Nomura Securities pcl is its lead underwriter.
Focusing on research and development on production technology, PIMO Managing Director Wasun Itthirojanakul said that the company was committed to offering diversified and best quality products with on-time delivery as well as after-sales services for customer satisfaction. This listing would strengthen financial capabilities and serve increasing customer demands. The fund raised would be used to improve motor productivity catering to domestic and international customers, as well as for working capital.
PIMO's three major shareholders after the IPO are Itthirojanakul group (76.92 percent), Thanapat Pattana Co., Ltd. (0.38 percent) and Prathompob Cheunpanitkit (0.35 percent). The IPO price was equivalent to price-to-earnings ratio (P/E ratio) of 18.24 times, calculated by using the company's net profit in the past four quarters (April 1, 2014 - Mar 31, 2015) divided by fully diluted shares, representing earnings per share of THB 0.07. PIMO's dividend policy is to pay no less than 40 percent of net profits after taxes and reserves.
For more information on PIMO, please see the company's prospectus at the Securities and Exchange Commission's website at www.sec.or.th and general information at the company's website at www.pioneermotor.th.com, as well as www.set.or.th.
As of 6 August 2015 Unit: M.Baht Unit: M.Bah
Type Buy Sell Net
Institution 3,289.69 2,923.15 366.54
Proprietary 2,517.46 2,454.67 62.79
Foreign 6,683.71 7,898.45 214.74
Individual 21,409.20 20,623.78 785.41
Total Trading Value 33,900.05 M.Baht
Vietnam index dips 0.2 pct, volume hits 1-week high
Vietnam's benchmark VN Index .VNI closed down 0.24 percent on Tuesday after two gains, with big-cap shares moving mixed in high volume.
Dairy products maker Vinamilk VNM.HM , the country's biggest firm by market value, dropped 1.87 percent, followed by steel firm Hoa Phat Group HPG.HM that lost 0.86 percent, while Petrovietnam Gas GAS.HM stood flat.
Top insurer BaoViet Holdings BVH.HM made a third straight gain, jumping 4 percent ahead of a State Securities Commission meeting on Thursday on the implementation of a new rule allowing full foreign ownership in many listed firms.
As many as 119.7 million shares were traded, the highest since Aug. 3, Thomson Reuters data showed.
Here is a snapshot of the VN Index .VNI at the close .
VN Index 613.05
PREV. CLOSE 614.53
% CHANGE -0.24%
SE Asia Stocks-Most fall on fund outflow, yuan move
Southeast Asian stocks fell on Tuesday amid fund outflows and weak regional currencies after China devalued the yuan, with Indonesia marking its worst drop in more than three months and Singapore closing at its lowest in nearly 18 months.
The Jakarta composite index .JKSE was down 2.7 percent, the biggest single-day decline since April. Selling by foreign investors hit shares of Bank Mandiri BMRI.JK and Bank Negara Indonesia BBNI.JK , among top large-cap losers.
The rupiah IDR= fell to a low last seen during the Asian financial crisis 17 years ago while other Southeast Asian currencies hit fresh multi-year lows after China devalued the yuan CNY=SAEC to support its economy.
Singapore's Straits Times Index .FTSTI was down 1.4 percent, its lowest close since March 2014. Banking shares were among top losers, led by United Overseas Bank Ltd UOBH.SI which dropped 3.2 percent.
The fall came amid talks of heightened selling by foreign funds, broker NRA Capital said in a report.
Foreign investors sold shares worth a net 389 million ringgit ($98.23 million) in Malaysia, 585 billion rupiah ($43.03 million) in Indonesia and 401.5 million pesos ($8.73 million) in the Philippines.
Stocks in Thailand .SETI were down almost 1 percent after net outflows worth 1.2 billion baht ($33.94 million), stock exchange data showed. The Thai market is closed on Wednesday for a public holiday.
Vietnam's key index .VNI retreated 0.24 percent, coming off a more than one-week high in early trading.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3153.06 3196.66 -1.36
Kuala Lumpur 1636.71 1654.37 -1.07
Bangkok 1408.32 1420.13 -0.83
Jakarta 4622.59 4748.95 -2.66
Manila 7570.45 7534.35 +0.48
Ho Chi Minh 613.05 614.53 -0.24