ASEAN KEY DESTINATIONS
29 August 2017
The Straits Times Index (STI) ended 18.28 points or 0.56% lower to 3249.34, taking the year-to-date performance to +12.79%. For longer term observations please go to sgx.com/research.
The top active stocks today were DBS, which declined 0.78%, Singtel, which declined 1.33%, OCBC Bank, which declined 0.54%, UOB, which declined 0.13% and YZJ Shipbldg SGD, with a 1.91% advance.
The FTSE ST Mid Cap Index gained 0.13%, while the FTSE ST Small Cap Index declined 0.29%.
The three most active Exchange Traded Funds (ETFs) by value today were:
SPDR Gold Shares (+1.83%)
STI ETF (-0.90%)
IS MSCI India (-1.29%)
The three most active Real Estate Investment Trusts (REITs) by value were:
CapitaLand Mall Trust (-0.47%)
Ascendas REIT (-0.38%)
CapitaLand Commercial Trust (unchanged)
The most active index warrants by value today were:
The most active stock warrants by value today were:
DBS MB eCW171101 (-8.77%)
OCBC Bk MB eCW180301 (-8.33%)
UOB MB eCW180115 (-1.09%)
Singapore Stock Market
*ST Index 3,249.34 -18.28 3,267.62 +8.05
Volume: 2,004.3M 1,289.7M
Value: $966.7M $798.6M
Gainers/Losers: 160/268 199/201
Daily Market Commentary (Securities)
29 August 2017
The FBM KLCI index lost 8.35 points or 0.47% on Tuesday. The Finance Index fell 0.80% to 16584.43 points, the Properties Index dropped 1.09% to 1245.08 points and the Plantation Index down 0.08% to 7835.9 points. The market traded within a range of 10.31 points between an intra-day high of 1767.23 and a low of 1756.92 during the session.
Actively traded stocks include BORNOIL, MLAB, PALETTE, MIRTA, XINGHE, CIMB, SEACERA, XINGHE-WA, PALETTE-WA and MPAY. Trading volume decreased to 1455.85 mil shares worth RM1830.68 mil as compared to Monday’s 1777.43 mil shares worth RM1649.41 mil.
Leading Movers were GENM (+17 sen to RM5.80), IHH (+6 sen to RM6.01), MAXIS (+3 sen to RM5.77), KLCC (+3 sen to RM7.81) and BAT (+8 sen to RM44.18). Lagging Movers were AMMB (-12 sen to RM4.31), PETGAS (-30 sen to RM18.34), IJM (-5 sen to RM3.35), MAYBANK (-14 sen to RM9.46) and GENTING (-12 sen to RM9.65). Market breadth was negative with 274 gainers as compared to 622 losers.
The KLCI tumbled amid overnight flat performance in US markets. The performance of our local bourse was in line with most of our regional peers as investors turned to safe-haven assets after a North Korean missile launch.
Date As of: 29 August 2017
Description Volume Value Frequency
ETF 1,238,600 134,151,200 48
Stock 8,127,312,892 9,119,307,038,919 328,649
Right 13,723 57,935,500 47
Warrant 513,680,416 60,939,762,090 2,616
Total 8,642,245,631 9,180,438,887,709 331,360
116 global funds join SET "Thailand Focus 2017", showcasing listed firms' growth potential
BANGKOK, August 29, 2017 - The Stock Exchange of Thailand (SET), together with Phatra Securities pcl and Bank of America Merrill Lynch, is holding "Thailand Focus 2017," a flagship investment seminar in Bangkok from August 29-31, 2017.
This inbound roadshow has embraced 116 foreign fund managers worldwide with USD 2.6 trillion assets under management, scheduled to meet with 142 listed companies, highest ever, in a series of 1,464 meetings, hitting a four-year record high.
This inbound roadshow also convenes high-level executives from capital market, financial market, alongside government and private sectors to present updated information about Thailand's 20-year strategic plan and reforms, adopting digital technology to accelerate economic growth in all facets, as well as
business growth opportunities.
SET President Kesara Manchusree said that this year Thailand Focus organized under the theme 'Establishing the New Engine', has attracted 116 foreign fund managers, showing greater investor confidence in Thailand. A total of 142 listed companies, reaching all-time high from all industries have been presenting their business insights and growth opportunities driven by the progress of Thailand 4.0 economic development model, in the highlighted one-on-one meetings and group meetings.
"Amid global economic volatility, the fundamental of Thai listed firms remains strong, proven by their growing performance and the rise of dividend payment in the first half of 2017 compared to the same period a year earlier. It has been enhanced by the GDP growth rate in second quarter which grew 3.7 percent, higher than 3.3 percent in Q1/2017, together with the government's solid economic development plan, altogether reinforcing the country's economic growth and potential", added Kesara.
Patchanee Limapichat, President of Phatra Securities, a member of Kiatnakin Phatra Financial Group, said, "We maintain our year-end SET Index target of 1,600, which implies a limited upside from 1,567.52 currently. Phatra Securities' view on the SET Index is basically based on three reasons. First, in light of a gradual recovery of global economy and the currently low inflation, gradual monetary policy tightening globally offers more potential inflows into emerging markets, including Thai equities. Second, Thailand's economy expands steadily, following a strong recovery in exports of goods and services. Finally, despite volatilities of global economy and financial markets, Thai listed companies remain resilient, thanks to their strong balance sheets.
This year, Thai economy is likely to show a stronger growth, compared with last year, following a strong improvement in exports and tourism. Meanwhile, it may take some time for domestic demand to recover. However, if the government can consistently speed up infrastructure investments amid the driving of its Thailand 4.0 scheme and the Eastern Economic Corridor (EEC) project, this will support the expansion of Thai economy and enhance the country's future growth potential. This will in turn make Thai equity markets more attractive to investors".
Ornkanya Pibuldham, Bank of America Merrill Lynch, Managing Director and Thailand Country Manager, said, "Thailand remains a favorable investment destination for foreign investors, in part because of its strong connectivity to ASEAN. We believe that with a stable macro outlook, business-friendly environment and focus on new growth pillars, the kingdom continues to offer opportunities for investors looking to buy into the region".
As of 29 August 2017 Unit: M.Baht
Type Buy Sell Net
Institution 12,651.74 7,412.81 5,238.93
Proprietary 13,021.58 10,713.13 2,308.45
Foreign 35,766.84 30,945.79 4,821.05
Individual 34,212.38 46,580.81 -12,368.43
Total Trading Value 95,652.53 M.Baht
SE Asia Stocks-Fall as N.Korea tensions intensify
Southeast Asian stock markets, except Thailand, ended lower on Tuesday as risk appetite took a hit after North Korea fired a missile that flew over Japan, sharply escalating tensions on the Korean peninsula and prompting investors to seek safer assets.
The test of the missile, which landed in waters off the northern region of Hokkaido early on Tuesday, was one of the
most provocative ever from the reclusive state and came as U.S. and South Korean forces conduct annual military exercises on the peninsula.
World stocks slipped while safe-haven assets jumped, with gold prices XAU= hitting over nine-month highs and the Japanese yen JPY= at its highest in more than four months against the dollar.
In Southeast Asia, the Singapore index .STI ended 0.6 percent lower, hurt by financials and telecom stocks.
Oversea-Chinese Banking Corporation Ltd OCBC.SI ended 0.5 percent lower, while Singapore Telecommunications Ltd STEL.SI closed at its lowest in nearly nine months.
"Bank stocks are weakening on (U.S. Federal Reserve Chair) Yellen's speech last Friday, as the odds of an interest rate
hike in December have dropped and investors are pricing in a less steep yield curve going forward, which implies that net interest margins at banks will not rise as rapidly as previously expected," said Liu Jinshu, director of research at NRA Capital.
Philippine stocks .PSI hit a more than two-week closing low on weaker industrial and real estate stocks.
Conglomerate SM Investments Corp SM.PS hit a more than three-week closing low, while Ayala Land Inc ALI.PS ended 1.4 percent lower.
Thailand .SETI however surged to a more than two-year high after the central bank said there was no need at present to introduce capital controls or additional measures to curb the baht's strength.
This, along with easing political tensions after ousted Thai prime minister Yingluck Shinawatra fled the country ahead of a verdict against her in a negligence trial, were the main reasons for the market rally, said Teerada Charnyingyong, a strategist at Phillip Capital Thailand.
The gains on the index were broad-based, with energy and financials stocks leading.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Previous Close Pct Move
Singapore 3249.34 3267.62 -0.56
Bangkok 1614.14 1585.79 1.79
Manila 7948.39 8015.14 -0.83
Jakarta 5888.212 5903.341 -0.26
Kuala Lumpur 1761.14 1769.49 -0.47
Ho Chi Minh 774.03 777.26 -0.42