ASEAN KEY DESTINATIONS
26 August 2015
The Straits Times Index (STI) ended 13.29 points or 0.46% lower to 2873, taking the year-to-date performance to -14.62%.
The top active stocks today were DBS, which declined 1.40%, Singtel, which declined 1.28%, UOB, which gained 0.57%, OCBC Bank, which declined 0.78% and Keppel Corp, with a 3.00% fall.
The FTSE ST Mid Cap Index declined 0.99%, while the FTSE ST Small Cap Index rose 0.76%.
The outperforming sectors today were represented by the FTSE ST Real Estate Holding and Development Index, which rose 1.31%. The two biggest stocks of the Index - Hongkong Land Holdings and Global Logistic Properties – ended 3.93% higher and 2.32% lower respectively.
The underperforming sector was the FTSE ST Technology Index, which slipped 11.82%. Silverlake Axis shares declined 27.6% and STATS ChipPAC rose 1.09%.
The three most active Exchange Traded Funds (ETFs) by value today were:
STI ETF (-1.01%)
IS MSCI India (-0.30%)
SPDR Gold Shares (-0.99%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Ascendas REIT (-1.36%)
CapitaLand Mall Trust (-0.27%)
CapitaLand Commercial Trust (-1.17%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
UOB MB eCW160111 (+7.75%)
DBS MB eCW160111 (-10.00%)
KepCorp MBePW160201 (+3.92%)
Singapore Stock Market
*ST Index 2,873 -13.29 2,886.29 +42.9
Volume: 2,329.1M 2,136.4M
Value: $1,542M $2,355M
Gainers/Losers: 225/268 326/177
Daily Market Commentary (Securities)
26 August 2015
The FBM KLCI index gained 16.43 points or 1.05% on Wednesday. The Finance Index increased 0.72% to 13914.16 points, the Properties Index up 0.58% to 1079.08 points and the Plantation Index rose 0.83% to 6762.38 points. The market traded within a range of 31.22 points between an intra-day high of 1585.59 and a low of 1554.37 during the session.
Actively traded stocks include AIRASIA, TMS, IFCAMSC, FBMKLCI-HK, FRONTKN, CHINA50-CA, FBMKLCI-C4, CHINA50-C9, FBMKLCI-C3 and FBMKLCI-HG. Trading volume decreased to 2150.74 mil shares worth RM2274.03 mil as compared to Tuesday’s 2784.37 mil shares worth RM2763.75 mil.
Leading Movers were SIME (+33 sen to RM7.45), TENAGA (+48 sen to RM11.02), SKPETRO (+6 sen to RM1.53), MAYBANK (+19 sen to RM8.50) and KLK (+46 sen to RM20.80). Lagging Movers were AMMB (-1 sen to RM4.39), RHBCAP (-15 sen to RM6.16), ASTRO (-6 sen to RM2.82), GENTING (-10 sen to RM6.64) and UMW (-11 sen to RM8.49). Market breadth was neutral with 407 gainers as compared to 407 losers.
The KLCI ended the day on a positive note, closed higher at 1580.37 points despite overnight losses in Wall Street. The performance of our benchmark index was underpinned by gains in Sime Darby, Tenaga and Sapurakencana Petroleum.
Date As of: 26 August 2015
Description Volume Value Frequency
ETF 60,100 23,583,700 34
Stock 5,813,261,992 5,925,986,538,143 303,900
Warrant 4,076,500 93,231,300 187
Total 5,817,398,592 5,926,103,353,143 304,121
Thai alternative bourse to list ATP30 on August 27
BANGKOK, August 26, 2015 - Market for Alternative Investment (mai) will list ATP30 pcl, a shuttle service provider for employees in Thailand's eastern industrial estate zone, on August 27, under the ticker symbol "ATP30". The company has a market capitalization at its initial public offering (IPO) price
of THB 418 million (approx. USD 12 million).
mai President Prapan Charoenprawatt said that ATP30 would list in the services industry group on mai. With more than ten years of experience in providing employee shuttle bus for leading corporations in Thailand, the company with its own fleet of 135 vehicles consisting of 125 busses, 2 minibuses and 8 vans,
while operating 98 affiliated vehicles. With its tracking system fully equipped with modern global positioning system (GPS), the company could manage its service quality and operating cost.
ATP30 has a paid-up registered capital of THB 110 million, consisting of 280 million existing common shares and 160 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 19-21 at THB 0.95 each, for a total of THB 152
million. Asset Pro Management Co., Ltd. is its financial advisor while Capital Nomura Securities pcl is its lead underwriter.
ATP30 Managing Director Piya Techakul said that ATP30 has been committed to continuous quality service development. To maximize customer safety and conveniences, the newly-launched buses would be designed with high standard engineering, while bus drivers had to be carefully selected and constantly
trained. The fund raised would be used for bus line expansion, training and driving center development, bus operation technology development, renovation of bus maintenance center in Chonburi province (in the service zone, eastern part of Thailand), as well as debt repayment and working capital.
ATP30's three major shareholders after the IPO are Piya Techakul group (22.27 percent), Panichewa group (19.09 percent) and Kromadit group (15.64 percent).
The IPO price was equivalent to price-to-earnings ratio (P/E ratio) of 61.69 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 0.0154. ATP30's dividend policy is to pay no less than
40 percent of net profits after taxes and reserves.
For more information on ATP30, 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.atp30.com , as well as www.set.or.th.
As of 6 August 2015 Unit: M.Baht
Type Buy Sell Net
Institution 7 ,717.46 2,296.22 5,421.25
Proprietary 4,274.29 5,539.59 -1,265.30
Foreign 9,112.52 13,555.82 -4,443.30
Individual 24,784.60 24,497.26 287.35
Total Trading Value 45,888.89 M.Baht
Vietnam index posts biggest single-day jump in 15 months
Vietnam's benchmark VN Index .VNI ended up 3 percent on Wednesday, its biggest jump in 15 months, after the government reassured it will maintain the country's economic growth target and keep the dollar/dong rate stable until the year-end.
Prime Minister Nguyen Tan Dung said Vietnam would not alter its targets for 2015, including economic growth, inflation, state budget expenditure or trade despite recent impacts from the global economy, according to a government statement issued late on Tuesday.
Energy and banking shares led gainers. PetroVietnam Gas GAS.HM rose 6.96 percent along with several energy sector stocks, while Vietcombank VCB.HM , the country's top listed lender by market value, jumped 2.24 percent and VietinBank CTG.HM advanced 4.47 percent.
"However, investors should not be too positive since trading volumes were not high enough to reflect a strong upward trend," said trader Le Duc Quang at Vietcombank Securities.
The index recorded its biggest gain in a day since May 2014, with 124.14 million shares changing hands, far below the five-day average of 155.08 million.
Vietnam has widened the dollar/dong trading band twice and devalued its currency by 0.99 percent earlier this month, causing the index to lose a total of 9.66 percent since Aug. 12.
VN Index 545.89
PREV. CLOSE 529.98
% CHANGE +3.0%
SE Asia Stocks -Most up; Vietnam posts biggest gain in 15 months
Most Southeast Asian stock indexes gained on Wednesday as domestic investors sought bargains among battered shares but foreign investors remained wary over instability in Chinese and global markets.
Vietnam was an outperformer with its key index .VNI posting the biggest jump in 15 months after the government said it would maintain the country's economic growth target and keep the dollar/dong rate stable until year-end.
Malaysia's .KLSE index climbed for a second day to the highest close since Aug. 19. However, foreign investors sold shares for a third day this week, offloading a net 301 million ringgit ($70.91 million) worth.
The Philippines .PSI and Indonesia .JKSE both recovered from early weaknesses and ended slightly higher. foreign selling of Philippine shares worth a net 3.6 billion peso ($77.19 million).
Singapore was among the weak spots with the key Straits Times Index .FTSTI falling 0.5 percent after the city-state called early polls. ID:nL4N11033F
The Thai SET index .SETI gave up early gains and ended down 0.3 percent. Index heavyweights energy stocks dropped as global oil prices stayed near a 6-1/2 year low, with shares of the biggest energy firm, PTT PTT.BK , sliding 1.2 percent.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 2873.00 2886.29 -0.46
Kuala Lumpur 1580.37 1563.94 +1.05
Bangkok 1320.08 1323.88 -0.29
Jakarta 4237.73 4228.50 +0.22
Manila 6867.92 6830.34 +0.55
Ho Chi Minh 545.89 529.98 +3.00