ASEAN KEY DESTINATIONS
04 August 2015
The Straits Times Index (STI) ended 1.75 points or 0.05% lower to 3191.04, taking the year-to-date performance to -5.17%.
The top active stocks today were Noble, which gained 27.66%, Global Logistic, which gained 6.82%, UOB, which declined 1.41%, Singtel, which gained 1.23% and Keppel Corp, with a 0.41% fall.
The FTSE ST Mid Cap Index gained 0.48%, while the FTSE ST Small Cap Index rose 0.15%.
The outperforming sectors today were represented by the FTSE ST Health Care Index, which rose 2.92%. The two biggest stocks of the Index - Raffles Medical Group and Tianjin Zhongxin Pharmaceutical Group Corporation- ended unchanged and 3.45% higher respectively.
The underperforming sector was the FTSE ST Technology Index, which slipped 0.95%. Silverlake Axis shares declined 1.02% and STATS ChipPAC declined 1.08%.
The three most active Exchange Traded Funds (ETFs) by value today were:
IS MSCI India (-0.79%)
STI ETF (unchanged)
DBXT MSCI Taiwan ETF (-0.63%)
The three most active Real Estate Investment Trusts (REITs) by value were:
CapitaLand Mall Trust (+0.97%)
Ascendas REIT (+0.41%)
CapitaLand Commercial Trust (+1.79%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
DBS MB eCW151201 (+3.25%)
OCBC Bk MBeCW151201 (-3.64%)
KepCorp MBePW150903 (+15.63%)
Singapore Stock Market
*ST Index 3,191.04 -1.75 3,192.79 -9.71
Volume: 1,958.5M 1,477.7M
Value: $1,365.2M $1,139.3M
Gainers/Losers: 233/207 138/350
Daily Market Commentary (Securities)
4 August 2015
The FBM KLCI index lost 20.46 points or 1.17% on Tuesday. The Finance Index fell 0.25% to 15425.88 points, the Properties Index dropped 0.39% to 1197.43 points and the Plantation Index down 0.66% to 7357.26 points. The market traded within a range of 7.90 points between an intra-day high of 1730.81 and a low of 1722.91 during the session.
Actively traded stocks include TMS, PESONA, UNISEM-WA, AAX, KTB, HSI-CT, IDMENSN, YONGTAI, APFT and LEWEKO. Trading volume increased to 1335.84 mil shares worth RM1528.71 mil as compared to Monday’s 1315.62 mil shares worth RM1249.18 mil.
Leading Movers were MISC (+42 sen to RM8.20), GENTING (+7 sen to RM8.39), GENM (+3 sen to RM4.26), PBBANK (+10 sen to RM19.16) and KLCC (+3 sen to RM7.06). Lagging Movers were MAXIS (-61 sen to RM6.59), AXIATA (-41 sen to RM6.44), UMW (-64 sen to RM10.08), WPRTS (-15 sen to RM4.14) and PPB (-52 sen to RM15.10). Market breadth was negative with 261 gainers as compared to 549 losers.
The day ended with the KLCI closing lower at 1723.73 points amid overnight losses in US market due to declines in the price of oil. Investors were taking profit following yesterday’s last minute spike.
Date As of: 04 August 2015
Description Volume Value Frequency
ETF 3,400 2,425,700 09
Stock 4,622,470,118 4,675,575,521,515 190,958
Warrant 2,898,600 61,170,400 149
Total 4,625,372,118 4,675,639,117,615 191,116
Thai bourse to list ASEFA on August 5
BANGKOK, August 4, 2015 -The Stock Exchange of Thailand (SET) will list Asefa pcl, a manufacturer and distributor of electrical power distribution products,
on August 5, under the ticker symbol "ASEFA". The company has a market capitalization at its initial public offering (IPO) of THB 2.04 billion
(approximately USD 60 million).
SET Executive Vice President Santi Kiranand said that ASEFA would list on SET in Industrials industry, Industrial Materials & Machinery sector. The company was
a switchboard manufacturer and distributor under "Asefa" brand, as well as being a sole distributor of the world's leading brands namely, Schneider Electric
Industries S.A. and Socomec S.A.. The company also distributed electrical power distribution-related products and provided technical and after-sales services.
The main target clients were system contractors, construction contractors and project owners.
ASEFA has a paid-up registered capital of THB 550 million, consisting of 400 million existing common shares and 150 million newly issued shares, with a par
value of THB 1 each.
It offered 10 million newly issued shares to executives, directors and employees and 140 million shares to the general public
via IPO, at THB 3.7 each, for a total of THB 555 million, during July 28-29 and 31, 2015. Finansia Syrus Securities pcl is the financial advisor and
ASEFA Managing Director Phaiboon Ungkanakornkul said that to be enlisted on SET would strengthen the company's financial capability. The fund raised would be
for building factories, setting up new branches in provinces, including debt repayment and working capital, with commitment to respond to customer
expectations in providing the best products along with creating dynamic growth to become a regional leader.
ASEFA's major shareholders after IPO are Phaiboon Ungkanakornkul (40.45 percent), Sa-Ngeam Klomchitcharoen (10.90 percent), Chairat Tangtivaja (10.81
percent) and Pornchai Uraisin (10.78 percent). The IPO price was equivalent to price-to-earnings ratio (P/E) of 17.62 times, calculated by using the net profit
in the past 12 months (from April 1, 2014 to March 31, 2015), divided by the number of fully-diluted shares, representing earnings per share of THB 0.21.
ASEFA's dividend payment policy is to pay no less than 50 percent of net profit after taxes and reserves.
As of 4 August 2015 Unit: M.Baht Unit: M.Bah
Type Buy Sell Net
Institution 3,417.04 3,703.34 -286.30
Proprietary 3,314.29 3,516.59 -202.29
Foreign 8,052.82 9,110.57 -1,057.75
Individual 21,560.42 20,014.08 1,546.34
Total Trading Value 36,344.58 M.Baht
Vietnam index falls 1.4 pct, volumes near 3-month low
Vietnam's benchmark VN Index .VNI ended down 1.43 percent on Tuesday to close at 600.76, the lowest level since July 1, with most large caps losing ground in low volume.
Heavy rains in northern Vietnam that inundated major coal mines over the past week have increased claim-related expenses
of insurer BaoViet Holdings BVH.HM that tumbled 5.93 percent to over one-month low.
Other blue chips also declined, including Vietcombank VCB.HM , the country's biggest firm by market value, and food producer Masan Group MSN.HM . Vietcombank lost 3.97 percent, while Masan fell 5.06 percent.
Trading volumes were 83.58 million shares, reaching the lowest level since May 15, Thomson Reuters data showed.
Here is a snapshot of the VN Index .VNI at the close
VN Index 600.76
PREV. CLOSE 609.47
% CHANGE -1.43%
SE Asia Stocks-Mostly down; Thailand, Malaysia shares snap gains
Most Southeast Asian stock markets fell on Tuesday, with the Thai index snapping a three-day rising streak as a weak economy dashed hopes of strong
corporate earnings while the Malaysian index retreated as investors cashed quick gains in telecoms.
The Thai SET index .SETI eased, trimming some of the combined 1.6 percent gain in the three sessions to Monday. Shares of mobile operator Advanced Info Service ADVANC.BK fell 1.2 percent on lower revenue growth forecast.
Banking shares .SETB fell 0.5 percent ahead of the Bank of Thailand's rate-setting committee meeting on Wednesday, with 20 out of 23 economists in a Reuters poll predicting the one-day repurchase rate would be left unchanged.
Malaysian stocks .KLSE ended a three-day rally with a 1.2 percent decline after having closed the previous session at their highest in nearly two months.
Leading the losses was telecommunications firm Maxis Bhd MXSC.KL which ended 8.5 percent lower.
Stocks in Indonesia .JKSE fell 0.4 percent, a day ahead of its second quarter GDP announcement. Indonesia's GDP is expected to have slowed in the second quarter to its weakest in nearly six years.
The median forecast of 22 analysts in a Reuters poll is for growth at 4.61 percent, even weaker than the 4.71 percent growth posted in January-March.
Singapore .FTSTI eased marginally while Vietnam .VNI fell 1.4 percent, extending losses to a third day.
Bucking the trend, the Philippines stock index .PSI rose 0.3 percent.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3191.04 3192.79 -0.05
Kuala Lumpur 1723.73 1744.19 -1.17
Bangkok 1432.16 1442.04 -0.69
Jakarta 4781.09 4800.18 -0.40
Manila 7598.29 7573.26 +0.33
Ho Chi Minh 600.76 609.47 -1.43