ASEAN KEY DESTINATIONS
22 August 2014
The Straits Times Index (STI) ended +1.41 points higher or +0.04% to 3325.50, taking the year-to-date performance to +5.07%.
The FTSE ST Mid Cap Index gained +0.51% while the FTSE ST Small Cap Index declined -0.02%. The top active stocks were ThaiBev (unchanged), OCBC Bank (-0.29%), DBS (+0.67%), SingTel (-1.03%) and Global Logistic (+1.07%).
The outperforming sectors today were represented by the FTSE ST Technology Index (+1.70%). The two biggest stocks of the FTSE ST Technology Index are Silverlake Axis (+3.97%) and STATS ChipPAC (unchanged). The underperforming sector was the FTSE ST Telecommunications Index, which declined -0.92% with SingTel’s share price declining -1.03% and StarHub’s share price unchanged. The FTSE ST Consumer Services Index declined -0.25%. The FTSE ST Real Estate Index gained +0.46%. The FTSE ST Utilities Index declined -0.82%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+0.67%), DBXT FTSE Vietnam ETF (+0.84%), SPDR Straits Times Index ETF (+0.30%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-0.50%), Ascendas REITs (unchanged) and Suntec REITs (+1.13%).
The most active index warrants by value today were HSI25400MBeCW140929 (+4.71%), HSI24800MBeCW140929 (+3.88%), HSI24600MBePW140929 (-7.45%).
The most active stock warrants by value today were DBS MB eCW150106 (+5.39%), OCBC Bk MBeCW150302 (-3.45%), OCBC Bk MBeCW150202 (-3.33%).
Singapore Stock Market
*ST Index 3,325.5 +1.41 3,324.09 +0.44
Volume: 1,598.8M 1,464.6M
Value: $997.8M $891.2M
Gainers/Losers: 250/199 211/211
Daily Market Commentary (Securities)
22 Aug 2014
The FBM KLCI index lost 3.82 points or 0.20% on Friday. The Finance Index fell 0.17% to 17446.43 points, the Properties Index up 0.02% to 1512.19 points and the Plantation Index down 1.23% to 8590.29 points. The market traded within a range of 9.60 points between an intra-day high of 1878.87 and a low of 1869.27 during the session.
Actively traded stocks include HUBLINE, REACH-WA, SUMATEC, PDZ, GLOTEC, TALAMT, NEXGRAM, MARCO, ASIABIO and MAS. Trading volume increased to 3314.23 mil shares worth RM2260.19 mil as compared to Thursday’s 2987.10 mil shares worth RM2444.78 mil.
Leading Movers were SKPETRO (+8 sen to RM4.27), TM (+6 sen to RM6.25), YTL (+1 sen to RM1.56), CIMB (+4 sen to RM7.16) and TENAGA (+6 sen to RM12.50). Lagging Movers were RHBCAP (-29 sen to RM9.16), KLK (-62 sen to RM22.54), AMMB (-17 sen to RM7.00), IOICORP (-8 sen to RM4.75) and IHH (-7 sen to RM4.95). Market breadth was negative with 381 gainers as compared to 456 losers.
The KLCI ended the week on a negative note, closed lower at 1870.99 points despite the positive overnight performance in US markets. The upbeat economic data of US failed to excite investors due to sombre tone, as the country observed the Day of National Mourning for MH17 victims kept investors’ sentiment muted.
Date As of: 22 August 2014
Description Volume Value Frequency
ETF 30,500 27,536,100 202
Stock 5,012,890,642 5,609,745,963,751 188,514
Right 511,600 511,600 02
Warrant 246,976,785 10,347,764,000 3,110
Total 5,260,409,527 5,620,121,775,451 191,828
As of 22 August 2014 Unit: M.Baht
Type Buy Sell Net
Institution 4,680.44 4,348.21 332.23
Proprietary 3,640.73 3,709.12 -68.40
Foreign 8,881.79 8,219.32 662.47
Individual 28,760.74 29,687.04 -926.30
Total Trading Value 45,963.70 M.Baht
Thai alternative bourse welcomes food exporter Exotic Food
BANGKOK, August 22, 2014 - Market for Alternative Investment (mai), under The Stock Exchange of Thailand (SET) group, will list Exotic Food pcl, Thai seasoning products and cooking ingredients producer and exporter, on August 25,under the ticker symbol "XO". The company has a market capitalization at its initial public offering (IPO) of THB 770 million (approx. USD 24 million).
mai President Prapan Charoenprawatt said that XO manufactured and distributed seasoning products, food ingredients, health drinks, ready meal as well as instant food and semi-instant food, under the "EXOTIC FOOD", "THAI PRIDE", "FLYING GOOSE" and "COCO LOTO" brands. It exported these products to more than 50 countries worldwide.
XO has a paid-up registered capital of THB 175 million, consisting of 280 million existing common shares and 70 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 2.20 during August 18-20 for the total of THB 154 million. Finnex Advisory Co., Ltd. is its financial advisor and Finansia Syrus Securities pcl is its lead underwriter.
Jittiporn Jantarach, Exotic Food pcl's MD said proceeds of the fundraising would be used to buy machinery and equipment, build new factory to increase effectiveness and expand production capacity to cope with higher demand and to repay bank debts. The fund will also be used as working capital in order to boost its revenue capability and profitability in the future.
XO's three major shareholders after the IPOs are Jantarach Group (66.76 percent), Mr. Nicolas Martin (2.34 percent) and Mr. Paul Lenten (2.26 percent).
The IPO price was equivalent to price per earnings ratio (P/E ratio) of 14.54 times, calculated by using the company's net profit in the last 12 months (July 1, 2013 - June 30, 2014) divided by fully diluted shares, representing earnings per share of THB 0.15 XO's dividend policy is to pay no less than 50 percent of net profits after taxes and reserves.
Vietnam index up 1.2 pct, further gains expected
Vietnam's VN Index climbed 1.17 percent to close at 620.14 points on Friday, with most blue chips rising as foreign investors boosted buying and analysts predicted further gains for the market.
Volume rose to 163.5 million shares, the highest since April 1, Reuters data showed, with investors betting on the index climbing further having reached a high of nearly five years on Thursday.
Foreigners bought a net 74 billion dong ($3.5 million) in Vietnamese equities on Friday. Overseas investors have turned net buyers following a slew of selling since early in the month.
Analysts expected the index to rise further.
"The VN Index may reach the 2009 high of 630 (points)," ACB Securities said in a report to clients on Friday, referring to the next resistance level for the index.
PetroVietNam Gas , Vietnam's largest listed firm by capitalisation, led the gains with a 3.39 percent advance.
Here is a snapshot of the VN Index at the close
VN Index 620.14
PREV. CLOSE 612.94
% CHANGE 1.17%
SE Asia Stocks-Indonesia falls in strong week; Thai index near 15-month high
Indonesia's benchmark index snapped a four-day rising streak on Friday amid selling in recently rallying large caps, while Thai shares eked out more gains to a near 15-month high as investors built positions in tourism-related stocks and retailers.
Jakarta's Composite Index edged down 0.1 percent, slightly trimming its weekly gain to 1 percent, after active selling in shares of Telkom Indonesia and Bank Mandiri , which led among gainers early in the week.
"Today's correction is expected, since JCI has risen recently in response to investor expectations for a peaceful and successful presidential election," said John Teja, director of broker Ciptadana Securities.
The index earlier rose to a near record high of 5,223.97 amid a rise in the rupiah , a day after the country's highest court gave Joko Widodo the green light to lead Southeast
Asia's largest economy from its worst slowdown since the global financial crisis.
Uncertainties over president-elect Widodo's policy, including fuel price hike expectation, would keep the market volatile in the near term, brokers said.
Thai SET index rose for a fourth straight day, taking its gain on the week to 0.7 percent. It closed at 1,556.97, the highest since May 2013.
Shares of Airports of Thailand jumped 3.2 percent and Central Pattana surged 4.9 percent, reflecting optimism around the domestic political stability after Thailand named a newly-nominated prime minister.
Others in Southeast Asia had a positive week, with stocks in Singapore and Malaysia posting modest gains, while the Philippines climbed 1.8 percent and Vietnam notched up 2.6 percent.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 445.92 444.83 +0.24
Singapore 3325.50 3324.09 +0.04
Kuala Lumpur 1870.99 1874.81 -0.20
Bangkok 1556.97 1551.41 +0.36
Jakarta 5198.89 5206.13 -0.14
Manila 7133.09 7096.49 +0.52
Ho Chi Minh 620.14 612.94 +1.17