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ASEAN STOCK WATCH Asean Affairs  23 August  2013 


Singapore

23 August 2013

The Straits Times Index (STI) ended 0.55 points lower or -0.02% to 3,088.85, taking the year-to-date performance to -2.47%.

The FTSE ST Mid Cap Index gained +0.53% while the FTSE ST Small Cap Index declined -0.41%. The top active stocks were Forterra Trust (+5.21%), Mirach Energy (+10.11%), DBS (+0.62%), UOB (+0.14%) and SingTel (-0.56%).

The outperforming sectors today were represented by the FTSE ST Technology Index which gained +9.13%. The two biggest stocks of the FTSE ST Technology Index are LionGold Corporation (+13.36%) and STATS ChipPAC (+3.13%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -1.78% with Midas Holdings’ price remaining unchanged while Geo Energy Resources declined -8.33%. The FTSE ST Industrials Index gained +0.79% while the FTSE ST Health Care Index declined -0.84%.

The three most active Exchange Traded Funds (ETFs) by value today were the DBXT IBOXX Singapore ETF 5 (-4.60%), SPDR Gold Shares (+0.42%), and DBXT MSCI Indonesia ETF 10 (+0.25%).

The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (-0.93%), CapitaMall (-0.26%) and CapitaComm (+0.74%).

The most active index warrants by value today were HSI21600MBeCW130927 (-8.40%), HSI22000MBePW130927 (+7.50%) and HSI22200MBeCW130927 (-8.75%).

The most active stock warrants by value today were DBS MB eCW131105 (-2.27%), KepCorp MBeCW131101 (-4.08%) and UOB MB eCW131104 (unchanged).

*Please note the Health Care and Industrial sectors will be the focus of SGX My Gateway Educational events in 3Q13.
Singapore Exchange has introduced My Gateway to meet increasing investor interest for more investment knowledge and education. My Gateway provides one-stop access to market updates, video clips on investment products, information on seminars and courses as well as other resources. Click here for My Gateway.

  Singapore Stock Market
                            Friday                    Thursday
*ST Index     3,088.85  -0.55     3,089.4  -19.59
Volume:             2,972.7M             4,318.5M
Value:              $1,569.4M              $1,672M
Gainers/Losers:    223/217               198/274


Malaysia

Daily Market Commentary (Securities)
23 Aug 2013


The FBM KLCI index gained 0.70 points or 0.04% on Friday. The Finance Index increased 0.25% to 16242.83 points, the Properties Index dropped 0.89% to 1309.53 points and the Plantation Index rose 0.12% to 8101.72 points. The market traded within a range of 8.79 points between an intra-day high of 1729.86 and a low of 1721.07 during the session.

Actively traded stocks include MAS, TMS, FLONIC, SONA-WA, SUMATEC-WA, MQTECH, INSBIO, YTL, IRCB-WA and DAYA. Trading volume decreased to 1780.78 mil shares worth RM2235.65 mil as compared to Thursday’s 2434.61 mil shares worth RM3442.81 mil.

Leading Movers were BAT (+180 sen to RM62.30), HLFG (+26 sen to RM14.22), GENM (+15 sen to RM4.20), MAYBANK (+8 sen to RM9.95) and PBBANK (+8 sen to RM16.98). Lagging Movers were PETGAS (-32 sen to RM19.76), MISC (-8 sen to RM4.68), UEMS (-8 sen to RM2.56), UMW (-8 sen to RM13.34) and PPB (-8 sen to RM13.92). Market breadth was negative with 386 gainers as compared to 391 losers.

The KLCI ended the losing momentum by rebounding mildly before closing at 1721.1 points in the last trading day of the week. The marginal gain was in line with the positive performance seen in US and European markets, as upbeat data from Europe and China offset negative sentiment in global markets on U.S. Federal Reserve "tapering" fears.


Indonesia

Date As of:     23 August 2013  
Description       Volume                              Value      Frequency

ETF                  12,000                 5,084,500            08
Stock      5,066,653,021    5,613,047,765,363    165,883
Warrant        35,147,500          1,851,749,500       1,041
Total        5,101,812,521    5,614,904,599,363   166,932


Thailand  

Thai bourse lists KTAM SET ICT ETF Tracker on August 27
 
BANGKOK, August 23, 2013 - The Stock Exchange of Thailand (SET) will list KTAM SET ICT ETF Tracker, managed by Krung Thai Asset Management pcl, on its main board on August 27, under the ticker symbol "EICT".
 
EICT, an open-end exchange-traded fund (ETF), will track the performance of the SET Information and Communication Technology Sector Index, enabling investors to gain yields following the business growth of information and communication technology.
 
Kesara Manchusree, SET Executive Vice President and Head of the Markets Division, said: "ICT-related stocks have been consistently popular for investors, as the telecommunication, communication, and mobile phone businesses show promising growth. In aggregate, these sectors' net profit in the first half  of this year rose 14 percent from a year earlier,"
 
"The new ETF should be an alternative investment choice for those who want to  invest in the whole group without buying individual stocks, giving them more convenience, plus the ability to easily adjust portfolios and receive dividends.

Also, the fund's policy is to pay dividends not exceeding four times a year," Kesara continued. 

The ICT sector covers 27 securities, consisting of mobile phone operators, fixed-line phone and Internet providers, telephone and computer accessories sellers, information technology infrastructure service providers, and other businesses, including satellite operators. The ICT sector index almost tripled over 2009-2012, rising by 197 percent. This year, the index has increased 34 percent in January-July, with an average dividend yield of 3.58 percent.
 
The new ETF is the 16th SET-listed ETF, consisting of six ETFs tracking five  sector indices which are Banking, Commerce, Food and Beverage, Energy and Utilities Sectors, and Information and Communication Technology; five ETFs tracking gold; two ETFs tracking foreign equity; and three ETFs with underlying assets of SET indices. Of the 16 ETFs, eight ETFs issued and managed by KTAM.
 
Somchai Boonnamsiri, chief executive officer of Krung Thai Asset Management pcl  (KTAM) said: "Although the IPO was launched during highly volatile market conditions, KTAM successfully raised more than THB 100 million at THB 6.7911 baht per unit from both retail and institutional investors between August 5 and 6."
 
KT ZMICO Securities Co., Ltd. and Asia Plus Securities pcl are participating dealers, while Asia Plus Securities pcl is also the market maker.

SET Group "Matching Your Right Financial Opportunities"

Trading  Summary

As of 23 Aug 2013      Unit: M.Baht
 
Type                     Buy              Sell             Net
Institution        6,019.79       3,157.78        2,862.01     
Proprietary       7,302.96       9,718.30      -2,415.34     
Foreign          10,542.70      11,090.16         -547.45     
Individual       22,159.65      22,058.87          100.78     
Total Trading Value                46,025.11 M.Baht


Vietnam

Vietnam's benchmark VN Index closed down 1.87 percent at 486.82 on Friday as foreign investors actively sold large cap stocks to take profit, extending the market's fall to the fourth day, analysts said.
 
Shares in BaoViet Holdings, Vietnam's biggest insurer, lost 5.84 percent to end at 38,700 dong, driven by the net selling of the U.S.-based exchange-traded fund Van Eck Market Vectors Vietnam , an analyst said.
   
Dairy products maker Vinamilk closed down 4.9 percent at 136,000 dong and food processor Masan Group Corp  dropped 2.99 percent.
   
Real estate companies also tracked the fall, with Hoang Anh Gia Lai dipping 1.43 percent and the Hanoi-based VinGroup  easing 0.75 percent.
   
"Foreign investors sold blue chips this week to take profits after those stocks reached their high prices and it affected negatively on domestic investors," analyst Vu Duy Khanh of Navibank Securities said.  
   
The index, which has fallen repeatedly since Tuesday, could dip further to about 480 next week, Khanh added.
    
Here is a snapshot of the VN Index
                 VN Index    486.82             
          PREV. CLOSE    496.12             
             % CHANGE    -1.87%             
                                            
                 HIGH    497.89             
                  LOW    482.78             
                                  

Asean

Indonesian stocks pared gains to end flat on Friday, posting their biggest weekly loss in almost two years, amid caution over the implementation of the recent economic measures, while other markets in Southeast Asia retreated on late selling.
    
Jakarta's Composite Index gained as much as 1.6 percent in morning trade before the government and central bank announced measures aiming at lifting its economy, including cutting the current account deficit.  
    
Investors cashed in on earlier gains in large cap stocks, including Bank Mandiri, the second-most actively traded stock, and Astra International, the biggest firm by market value.
   
 The benchmark index lost 8.7 percent on the week, its worst since September 2011.
    
"The announcement of economic policy package didn't calm foreign investors and they continued selling in the last hour of trading," said John Teja, director of Ciptadana Securities.

The market is cautiously looking forward to the implementation steps from the government to tackle the macro economic concerns, Teja said.
   
Thai stocks were among underperformers in the region, falling 1 percent on the day and 7.5 percent on the week, the largest in five months. Investors sold shares ahead of July exports data due next week for further indication of the health of the economy.
 
Bucking the trend, the Philippine main index edged up 0.4 percent, trimming its loss on the week to 6 percent. The
market is shut on Monday, reopening on Tuesday.
 
Stocks in Singapore, Malaysia  and Vietnam tumbled more than 3 percent on the week amid the sell-down in the emerging region.
 
 
SOUTHEAST ASIAN STOCK MARKETS
 
 Market                               Current     Prev Close    Pct Move
 TR SE Asia Index*        387.64        387.19       +0.12
 Singapore                   3088.85       3089.40       -0.02
 Kuala Lumpur             1721.07       1720.37       +0.04
 Bangkok                     1338.13        1351.81       -1.01
 Jakarta                       4169.83        4171.41       -0.04
 Manila                        6161.21       6136.73       +0.40
 Ho Chi Minh                486.82          496.12        -1.87
 



 

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ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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