ASEAN KEY DESTINATIONS
18 August 2014
The Straits Times Index (STI) ended -1.99 points lower or -0.06% to 3312.78, taking the year-to-date performance to +4.67%.
The FTSE ST Mid Cap Index gained +0.07% while the FTSE ST Small Cap Index declined -0.13%. The top active stocks were OCBC Bank (unchanged), DBS (+0.17%), SingTel (-0.26%), Genting Sing (-1.19%) and UOB (-0.31%).
The outperforming sectors today were represented by the FTSE ST Utilities Index (+1.19%). The two biggest stocks of the FTSE ST Utilities Index are United Envirotech (+1.45%) and Hyflux (-0.43%). The underperforming sector was the FTSE ST Health Care Index, which declined -1.04% with Raffles Medical Group’s share price declining -0.99% and Biosensors International Group’s share price declining -1.29%. The FTSE ST Consumer Services Index declined -0.59%. The FTSE ST Real Estate Index declined -0.25%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India 100 (+1.35%), SPDR Gold Shares (-0.90%), ISHARES USD Asia Bond ETF (+0.09%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (unchanged), CapitaCommercial Trust (+0.61%), CapitaMall Trust (+0.51%).
The most active index warrants by value today were HSI24800MBeCW140929 (-3.10%), HSI25400MBeCW140929 (-4.65%), HSI24600MBePW140929 (-0.94%).
The most active stock warrants by value today were OCBC Bk MBeCW150302 (-1.01%), DBS MB eCW150106 (-3.23%), UOB MB eCW141201 (-3.23%).
Singapore Stock Market
*ST Index 3,312.78 -1.99 3,314.77 +19.94
Volume: 1,298.4M 1,572M
Value: $858.3M $964.3M
Gainers/Losers: 204/239 267/182
Daily Market Commentary (Securities)
18 Aug 2014
The FBM KLCI index lost 2.56 points or 0.14% on Monday. The Finance Index increased 0.19% to 17324.46 points, the Properties Index up 0.84% to 1524.4 points and the Plantation Index down 0.69% to 8808.32 points. The market traded within a range of 4.74 points between an intra-day high of 1864.20 and a low of 1859.46 during the session.
Actively traded stocks include PDZ, GLOTEC, SUMATEC, MARCO, MAS, EAH, TAKASO, HLIND-CA, GPA and SANICHI. Trading volume increased to 3581.72 mil shares worth RM2473.91 mil as compared to Friday’s 3410.33 mil shares worth RM2341.27 mil.
Leading Movers were UMW (+40 sen to RM12.36), RHBCAP (+28 sen to RM9.28), MISC (+8 sen to RM6.85), KLCC (+7 sen to RM6.55) and MAXIS (+6 sen to RM6.57). Lagging Movers were PPB (-44 sen to RM14.68), BAT (-196 sen to RM70.40), YTL (-3 sen to RM1.57), FGV (-7 sen to RM3.91) and GENTING (-10 sen to RM9.80). Market breadth was positive with 454 gainers as compared to 437 losers.
The KLCI started the week on a negative note by closing at 1861.75 points, tracking the Wall Street losses on last Friday. Despite Malaysia 2Q2014 GDP grew stronger than expected, market sentiment remained muted as the rising tensions in Ukraine contributed to offsetting upbeat sentiments in our local market.
Thai alternative bourse welcomes LPG distributor Takuni Group
BANGKOK, August 18, 2014 - The Market for Alternative Investment (mai), under The Stock Exchange of Thailand (SET) group, will list Takuni Group pcl on August 19, under the ticker symbol "TAKUNI." The company has a market capitalization at its initial public offering (IPO) of THB 640 million (approx. USD 24 million).
mai President Prapan Charoenprawatt said that TAKUNI and its subsidiaries supplied and distributed Liquid Petroleum Gas (LPG), as well as providing
installation services in automobile and industrial systems. The company also offered inspection on LPG-related systems and operations.
TAKUNI has a paid-up registered capital of THB 200 million, consisting of 300 million existing common shares and 100 million newly-issued shares, with a par value of THB 0.50. It sold the new shares to the general public via initial public offerings (IPOs) at THB 1.60 during August 6-8 for the total of THB 160 million. Finnex Advisory Co., Ltd. is its financial advisor and Country Group Securities pcl is its lead underwriter.
Prasert Treeveeranuwat, TAKUNI's managing director said listing on mai would help enhance the company's image and strengthen its financial status. Proceeds of the fundraising would be used to invest in the installation of LPG service stations, under the "Champion Gas" brand, and as working capital to accommodate business expansion in the future.
TAKUNI's three major shareholders after the IPOs are Prasert Treeveeranuwat family (60 percent), Vichien Rimpanichayakij (4.50 percent) and Pranee Treeveeranuwat (3.50 percent). The IPO price was equivalent to price per earnings ratio (P/E ratio) of 25.54 times, calculated by using the company's net profit in the last four quarters (April 1, 2013 - March 31, 2014) divided by fully diluted shares, representing earnings per share of THB 0.063. TAKUNI's dividend policy is to pay no less than 40 percent of net profits after taxes and reserves.
As of 18 August 2014 Unit: M.Baht
Type Buy Sell Net
Institution 3,164.17 2,805.22 358.95
Proprietary 3,499.05 3,321.20 177.85
Foreign 5,807.94 6,791.04 -983.10
Individual 27,813.49 27,367.19 446.31
Total Trading Value 40,284.66 M.Baht
Vietnam index ends up 0.1, more gains expected
Vietnam's benchmark VN Index rose 0.14 percent on Monday, with volume hitting a one-month high, while analysts expected further rises for the market.
Trading volume reached 139 million shares, the highest since July 18, Reuters data showed.
"While profit taking is seen rising near a strong resistance level, demand is still solid, boosting liquidity on the market," said analyst Do Bao Ngoc of MB Securities.
Analysts expected the index to further gain to near its resistance level of around 610 points, in what would be a high of nearly five years.
Top mobile phone retailer Mobile World led the gains with a 5.67 percent advance, followed by property firm Vingroup <VIC.HM> , which increased 0.65 percent.
Hanoi-based lender BIDV slumped to its record low close of 13,900 dong ($0.66) a share with a 2.11 percent fall,
Reuters data showed.
The bank's net profit in the second quarter nearly halved from the same time last year to 427 billion dong, it said in a statement posted late on Friday.
Here is a snapshot of the VN Index at the close
VN Index 605.08
PREV. CLOSE 604.24
% CHANGE 0.14%
SE Asia Stocks - Range-bound as foreign investors sell shares
Southeast Asian stock markets were range-bound on Monday, with Thai shares easing as investors cashed in on recent gainers among large-caps such as Intouch Holdings while stocks in Malaysia snapped five days of gains amid foreign-led selling.
Bangkok's SET index ended down 0.3 percent, giving up early gains after data showed Thailand avoided recession in the second quarter.
Investors awaited the formation of an interim government seen taking place by next week. Broker KGI Securities said optimism the new cabinet would boost growth in the second half of 2014 remained intact.
General Prayuth Chan-ocha, stressing that the military had a "limited time" in power before a return to civilian rule, submitted a draft fiscal 2015 budget on Monday, with defence and education receiving hefty increases.
Malaysia's key index fell 0.14 percent after hitting a more than one-week high on Friday. Malaysia and several markets in Southeast Asia reported outflows amid concerns about tensions between Ukraine and Russia.
Exchange data showed foreign investors were net sellers of Malaysian shares worth 60 million ringgit ($19 million).
Foreigners also offloaded a net 31 million peso ($709,463) in Philippine shares and Thai stocks worth a net 983 million baht ($31 million).
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 443.67 444.35 -0.15
Singapore 3312.78 3314.77 -0.06
Kuala Lumpur 1861.75 1864.31 -0.14
Bangkok 1542.36 1546.62 -0.28
Jakarta 5156.75 5148.96 +0.15
Manila 7027.58 7008.51 +0.27
Ho Chi Minh 605.08 604.24 +0.14