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ASEAN STOCK WATCH Asean Affairs  28 August 2014 


28 August 2014

The Straits Times Index (STI) ended -11.24 points lower or -0.34% to 3330.22, taking the year-to-date performance to +5.22%.

The FTSE ST Mid Cap Index declined -0.04% while the FTSE ST Small Cap Index declined -0.04%. The top active stocks were Global Logistic (-1.04%), OCBC Bank (-1.00%), SingTel (+0.26%), ThaiBev (+2.24%) and STATS ChipPAC (unchanged).

The outperforming sectors today were represented by the FTSE ST Consumer Goods Index (+0.35%). The two biggest stocks of the FTSE ST Consumer Goods Index are Wilmar International (-0.32%) and Thai Beverage (+2.24%). The underperforming sector was the FTSE ST Real Estate Holding and Development Index, which declined -1.39% with Hongkong Land Holdings’s share price declining -3.00% and Global Logistic Properties’s share price declining -1.04%. The FTSE ST Consumer Services Index declined -0.46%.  The FTSE ST Real Estate Index declined -0.59%. The FTSE ST Utilities Index declined -0.25%.

The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (unchanged), DBXT FTSE Vietnam ETF (-1.01%), DBXT MSCI Indonesia ETF (-0.53%).

The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (+0.43%), Suntec REIT (+0.28%), CapitaMall Trust (unchanged).

The most active index warrants by value today were HSI24600MBePW140929 (+12.64%), HSI24800MBeCW140929 (-16.36%), HSI25400MBeCW140929 (-20.00%).

The most active stock warrants by value today were DBS MB eCW150106 (+3.94%), KepCorp MBeCW141201 (-4.39%), OCBC Bk MBeCW150302 (-6.72%).

Singapore Stock Market
                                  Thursday                 Wednesday
*ST Index          3,330.22  -11.24     3,341.46  +18.44
Volume:                  1,497.4M           1,652.4M
Value:                   $1,007.8M            $955.4M
Gainers/Losers:         178/226              228/192


Daily Market Commentary (Securities)
28 Aug 2014

The FBM KLCI index gained 3.30 points or 0.18% on Thursday. The Finance Index increased 0.28% to 17505.19 points, the Properties Index dropped 0.37% to 1503.22 points and the Plantation Index rose 0.31% to 8596.58 points. The market traded within a range of 4.69 points between an intra-day high of 1873.17 and a low of 1868.48 during the session.

Actively traded stocks include SANICHI, GLOTEC, SUMATEC, SANICHI-WB, PDZ, IFCAM SC, IFCAM SC-WA, TAKASO, MINETEC and OLYMPIA. Trading volume increased to 3017.53 mil shares worth RM2206.94 mil as compared to Wednesday’s 2636.45 mil shares worth RM2406.72 mil.

Leading Movers were CIMB (+15 sen to RM7.40), PETGAS (+36 sen to RM23.00), FGV (+3 sen to RM3.93), TM (+3 sen to RM6.30) and PETCHEM (+3 sen to RM6.42). Lagging Movers were SKPETRO (-4 sen to RM4.33), PETDAG (-18 sen to RM20.72), MISC (-6 sen to RM6.92), HLBANK (-8 sen to RM14.38) and GENM (-2 sen to RM4.65). Market breadth was negative with 275 gainers as compared to 589 losers.

The KLCI closed higher at 1875.68 points, propped up by late buying interest. The KLCI moved sideways amid absence of fresh market leads. Market breadth was negative despite the higher overnight close at Wall Street, as investment sentiment remained cautious.


Trade Summary
Date As of:     28 August 2014    Time    16:00:00
Description                 Volume                         Value           Frequency
ETF                            10,600                   1,372,300                    07
Stock             5,099,742,640         558,320,852,413           229,373
Right                                 00                                00                    00
Warrant               79,595,700             3,679,693,600               2,226
Total               5,179,348,940      5,562,001,918,313           231,606


Thai bourse continues to tighten collaboration with GMS exchanges

BANGKOK, August 28, 2014 - The Stock Exchange of Thailand (SET), together with four stock exchanges in Greater Mekong Subregion (GMS) - Cambodia, Hanoi, Hochiminh and Laos -, participated in the second GMS exchanges CEOs meeting 'GMS Focus'. This SET's hosted meeting serves as a platform for closer collaboration  among GMS exchanges.
A collaboration of five stock exchanges in GMS has continued after successfully  organizing the first GMS Focus last year by initiating the GMS exchange's information center on SET website, an integrated single-window view into the GMS capital market featuring market data that contains each market stock quotation together with regional brokers and exchanges' information. It is the first key milestone for the cooperation of the GMS exchanges, bringing new investment opportunities to the region.

Furthermore, the five exchanges also jointly agree to launch the GMS exchanges' information center from each exchange's website. In addition, factsheet of listed companies in each market will be facilitated on the website, reinforcing the exchanges' cooperative effort to promote investment opportunity in the region.
The GMS Exchanges CEOs meeting this year focused on potential areas for  cooperation towards the ASEAN Economic Community 2015, including a more efficient implementation of international accounting standard in GMS countries, providing more market information of GMS market in both more market coverage and more details of products from each market and continuously developing capital market education plan for all participant types: corporate, investor, intermediary and regulator in the region. All exchanges also agreed to set up a permanent working group to ensure a continuous development of the regional capital market.
Kesara Manchusree, President of The Stock Exchange of Thailand, said "The GMS  exchanges have worked closely since the first meeting, continuing to strengthen connectivity among exchanges in the GMS. The launch of GMS Exchanges' website marks the first key milestone for the strong collaboration of the five exchanges, increasing visibility to regional and international investors. SET agrees to be a partner of the GMS exchanges to jointly develop capital market in  the region."
Hong Sok Hour, CEO of Cambodia Securities Exchange, said "the GMS exchanges CEOs meeting is an excellent platform for us to come together and share our ideas towards realizing long-lasting prosperity in the GMS. It significantly marked how closer we are in an integrated world and how crucial for us to remain connected."
Tran Van Dzung, CEO of Hanoi Stock Exchange, said "Collaboration among GMS  exchanges will strengthen the Mekong region as a whole. We look forward to GMS exchanges playing a more proactive role in contributing to the capital market development and bridging the development gap in the region in order to move ahead towards the establishment of AEC in 2015."
Phan Thi Tuong Tam, CEO of Hochiminh Stock Exchange, said "It is a good  opportunity that we get together in the meeting of the exchanges in GMS. The collaboration among GMS exchanges and related capital market organizations is important in strengthening the Mekong region to move forward together to capture  and take advantage of these opportunities in the years to come."
Dethphouvang Moularat, Chairman & CEO of Lao Securities Exchange, said "I'm very happy to attend the 2nd GMS Exchanges CEOs Meeting which is a proactive platform for us to continually share and exchange experiences. LSX has worked with SET for a long time on professional and investor education development and is willing to promote multilateral information sharing on capital market development in the GMS in the near future"
The CEOs of GMS exchanges also participated in Thailand Focus 2014: Reforming  for Sustainable Growth, the annual flagship investment seminar in Thailand during August 27 -28, 2014.

Trading Summary

As of 28 Aug 2014   Unit: M.Baht
Type                           Buy                  Sell                  Net
Institution             3,968.34            4,263.55        -295.22     
Proprietary           3,490.41           3,179.14           311.27     
Foreign                7,056.59            7,183.54         -126.94     
Individual           29,724.85          29,613.96           110.89     
Total Trading Value     44,240.19 M.Baht     


Vietnam index ends up 0.5 pct, further gains expected

Vietnam's VN Index  rebounded on Thursday as value-buying in recently-beaten-down shares pushed up the market, analysts said.
The index is likely to gain further over the next few sessions, they added.
The benchmark rose 0.52 percent to close at 632.03 points.
 Solid buying in shares, especially those that have not gained at the same pace as the market in recent sessions, pulled
the index back up from a slight fall in the previous session.
 Vietnamese stocks on Wednesday snapped a five-day gaining streak that had lifted the benchmark to its highest in six-and-a-half years.
 Property firm HAGL   outperformed with a 5.44 percent rise while technology firm FPT Corp   rose 3.64 percent.
The brokerage sector also witnessed much interest. Saigon Securities Incorp   closed near a four-month high with a 2.84 percent gain, while Ho Chi Minh City Securities Corp   jumped 3.99 percent to 39,100 dong ($1.8), a level unseen since April, Reuters data showed.
"Profit-taking has been taken place in the past sessions, but given the current strong inflow into the market, the index is likely to climb further," said Pham Van Khoa, an analyst at  VNDIRECT Securities.
 The next resistance level for the index would be at 640 points, he said.
Here is a snapshot of the VN Index  at the close

                         VN Index       632.03            
                 PREV. CLOSE       628.77            
                    % CHANGE        0.52%            
                       HIGH       635.94            
                        LOW       626.32            

SE Asia Stocks -Philippine shares retreat on rate outlook; Thai PTT drops

Southeast Asian stock markets ended mixed on Thursday, with the Philippine index snapping a six-session winning streak amid prospects of higher interest rates after strong GDP data while shares of Thailand's PTT suffered the worst drop in seven months.
The Philippine main index   eased 0.8 percent, after a combined 2.2 percent gain in the six days to Wednesday. Domestic investors led sellers while foreign investors bought stocks worth a net 692 million peso ($15.82 million), stock exchange data showed.
 Selling hit interest rate sensitive stocks such as banks and property. Among those actively traded, shares of BDO Unibank    eased 0.6 percent and Ayala Land   slipped 2.7 percent.
The Philippine economy grew at its fastest pace in more than a year in the second quarter even as government spending slowed, strengthening views the central bank will raise interest rates again to curb inflation.
The Thai SET index    was down 0.4 percent, retreating from a near 15-month closing high hit on the previous day.     

Shares of top energy firm PTT   closed down 2.7 percent, their biggest one-day fall since January, after the government said it restructured domestic energy prices to reduce the cost of living, resulting in a reduction in gasoline prices.
Analysts said the military government's plan to reduce the cost of living could imply that an expected increase in domestic gas prices will not happen soon and that could dampen earnings of PTT.
 Stocks in Singapore   were down 0.3 percent as Asian shares held steady after pulling back from a 6-1/2-year high as the recent rally in risk assets petered out for now. 
Stocks in Indonesia    rose for a second day as beaten-down shares such as Bank Negara Indonesia further regained lost ground. The market was under selling pressure early in the week amid concerns about a fuel price subsidy.
 President-elect Joko Widodo's drive to fast-track an increase in fuel prices, one of his key election pledges, has stumbled after incumbent Susilo Bambang Yudhoyono said the conditions were not right at the moment to cut subsidies.
 Vietnam's VN Index    rebounded from a fall in the previous session as value-buying in recently-beaten-down shares pushed up the market.

 Market                         Current      Prev Close       Pct Move
 TR SE Asia Index*       445.98           447.36              -0.31
 Singapore                   3330.22           3341.46             -0.34
 Kuala Lumpur             1875.68           1872.38            +0.18
 Bangkok                     1559.05           1564.58             -0.35
 Jakarta                        5184.48           5165.25            +0.37
 Manila                         7100.70           7160.46             -0.83
 Ho Chi Minh                  632.03            628.77             +0.52

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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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