ASEAN KEY DESTINATIONS
30 August 2013
The Straits Times Index (STI) ended 9.09 points lower or -0.3% to 3,028.94, taking the year-to-date performance to -4.36%.
The FTSE ST Mid Cap Index gained +0.15%, while the FTSE ST Small Cap Index gained +0.03%. The top active stocks were SingTel (+0.29%), DBS (-1.06%), UOB (-1.83%), OCBC Bank (-0.80%) and Capitaland (+1.33%).
The outperforming sectors today were represented by the FTSE ST Real Estate Holding and Development Index (+0.72%). The two biggest stocks of the FTSE ST Real Estate Holding and Development Index are Hongkong Land Holdings (+0.62%) and CapitaLand (+1.33%). The underperforming sector was the FTSE Basic Materials Index, which declined -2.37% with both Midas Holdings’ and Geo Energy Resources’ share prices declining -2.13% and -5.33% respectively. The FTSE ST Health Care Index gained +0.62% while the FTSE ST Industrials Index gained +0.08%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (-0.87%), iShares MSCI India 100 (+1.25%), and STI ETF (unchanged).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall (+0.27%), Ascendas REIT (+0.46%), and CapitaComm (+1.50%).
The most active index warrants by value today were HSI21600MBeCW130927 (-2.06%), HSI22000MBePW130927 (-0.75%) and HSI21000UBePW131030 (-0.99%).
The most active stock warrants by value today were DBS MB eCW131105 (-9.26%), UOB BP ePW131002A (-14.29%) and Keppel Corp MBeCW131101 (-2.30%).
Daily Market Commentary (Securities)
30 Aug 2013
The FBM KLCI index gained 23.80 points or 1.40% on Friday. The Finance Index increased 1.37% to 16206.17 points, the Properties Index up 1.42% to 1275.47 points and the Plantation Index rose 1.14% to 8203.07 points. The market traded within a range of 19.27 points between an intra-day high of 1727.58 and a low of 1708.31 during the session.
Actively traded stocks include COMPUGT, L&G-LR, TMS, SONA-WA, IHH, THHEAVY, LUSTER, CIMB, FLONIC and MQTECH. Trading volume decreased to 1609.46 mil shares worth RM2478.16 mil as compared to Thursday’s 18515.82 mil shares worth RM2260.87 mil.
Leading Movers were IHH (+10 sen to RM4.01), CIMB (+8 sen to RM7.28), UEMS (+8 sen to RM2.52), MAYBANK (+6 sen to RM10.00) and TENAGA (+9 sen to RM8.73). Lagging Movers were BAT (-114 sen to RM62.14), PPB (-14 sen to RM13.34), PETDAG (-144 sen to RM27.80), HLFG (-38 sen to RM14.50) and HLBANK (-40 sen to RM14.10). Market breadth was positive with 492 gainers as compared to 299 losers.
The KLCI extended its rebound momentum and closed sharply higher at 1727.58 points, tracking the overnight gains of Wall Streets that lifted by a pair of stronger-than-expected economic reports.Local market sentiment was supported as prospects for an imminent strike against Syria diminished. Meanwhile, Genting and Genting Plantations took investors a surprise by proposing bumper dividend and warrant issuance and resulting in share price to climb 1.63% and 6.27% respectively.
Date As of: 30 August 2013
Description Volume Value Frequency
ETF 9,000 3,882,500 05
Stock 7,388,604,549 7,599,265,107,345 202,270
Warrant 63,005,000 3,518,250,500 1,568
Total 7,451,618,549 7,602,787,240,345 203,843
Thai bourse welcomes leading electrical cable wire distributor firm CSS
BANGKOK, August 30, 2013 - The Stock Exchange of Thailand (SET) welcomes Communication and System Solution pcl on its main board, listing in the Commerce
sector and will commence trading on September 3, under the ticker symbol "CSS".
The company has raised THB 600 million (approx. USD 18.8 million) to support future expansion plan and increase variety of products and services.
SET Executive Vice President Chanitr Charnchainarong said that CSS is Thailand's leading electrical cable wire and the other electrical engineering products
distributor. And they also offer designing, installing and maintenace services on telecommunication system and fire protection system.
CSS has a paid-up registered capital of THB 350 million, consisting of 500 million existing shares and 200 million newly-issued shares, with a par value of
THB 0.50 each. Of the new shares issued, 190 million shares were sold via IPO and 10 million shares were issued to the company's executives, directors, and
employees during August 26 and 28, 2013 at THB 3.00 per share. Triple A Plus Advisory Co.,Ltd. is its financial advisor, while Finansia Syrus pcl is the
Sompong Kangsawiwat, CEO of CSS, said: "We are honored and pleased to raise funds and list on the Thai stock market. Proceeds of the fundraising will be
used to build a warehouse and office building, and for working capital, helping CSS to grow even stronger."
CSS' three major shareholders after the IPO are the Kangsawiwat family (33.02%), Mekmanee family (8.81%) and Itthisang family (6.21%). The IPO price was set at
a price to earnings ratio of 13.38 times, calculated using net profits over the past four quarters (July 1, 2012 - June 30, 2013), equal to THB 0.22 baht per
share, divided by the total common shares after the IPO. The average P/E ratio of Commerce Sector and related industry was at 26.65 times (between May 16 and
August 15, 2013). CSS' dividend policy is to pay no less than 40 percent of net profits after reserves.
As of 30 Aug 2013 Unit: M.Baht
Type Buy Sell Net
Institution 3,124.35 3,968.23 -843.88
Proprietary 4,753.11 5,711.95 -958.84
Foreign 10,115.15 10,054.93 60.23
Individual 14,357.06 12,614.56 1,742.50
Total Trading Value 32,349.67 M.Baht
Vietnam's benchmark VN Index closed up 0.89 percent at 472.7 on Friday after falling for three straight days as investors were less concerned over actions against Syria and foreigners started buying Vietnamese stocks, traders said.
Britain's parliament rejected British participation in any military action against Syria, while China said there should be no rush to force U.N. Security Council action against Syria.
The index was lifted mostly by finance stocks. Vietcombank jumped 6 percent to 24,700 dong as investors bought the stock at a bargain price. The stock fell 5.3 percent on Thursday to the lowest in nearly nine months.
BaoViet Holdings gained 5.6 percent and Eximbank increased 4.3 percent. Real estate firms also followed the gain, with VinGroup rising 1.6 percent and HAGL Co gaining 1 percent.
The index wouldn't lose further next week as the local investors' sentiment gets better and the trading volume would rise," trader Phan Dung Khanh at Maybank Kim Eng Securities said.
Here is a snapshot of the VN Index
VN Index 472.7
PREV. CLOSE 468.55
% CHANGE 0.89%
Indonesian shares rose for a third straight session on Friday after the country's central bank took steps to shore up the rupiah, while most other Southeast Asian stocks rebounded in a weak month, partly hit by expectations of a scaling back in U.S. monetary stimulus.
Jakarta's Composite Index finished up 2.2 percent, further trimming losses made early in the week that had driven the benchmark into a bear market territory.
It recorded a loss of 9 percent for the month, the worst since the Lehman Brothers crisis in late 2008 and making it one of Asia's underperformers this year.
The Thai SET index pared gains to close 0.1 percent up. It lost 9.2 percent in August, the biggest since September 2011, and has fallen around 21 percent from a high in May, entering the bear market territory.
Data showed the country's current account deficit in July slightly increased with a smaller trade surplus, and foreign exchange reserves dropped recently.
Philippine shares were also underperformers in August, losing 8.5 percent, their worst since October 2008.
Singapore reported a loss of 6 percent for the month, the biggest since May 2012. Malaysia ended the month down 2.5 percent, the worst since January, and Vietnam marked a monthly loss of 3.9 percent, reversing a gain in July.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 381.23 377.28 +1.05
Singapore 3028.94 3038.03 -0.30
Kuala Lumpur 1727.58 1703.78 +1.40
Bangkok 1294.30 1292.53 +0.14
Jakarta 4195.09 4103.59 +2.23
Manila 6075.17 5944.21 +2.20
Ho Chi Minh 472.70 468.55 +0.89
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