ASEAN KEY DESTINATIONS
04 August 2017
The Straits Times Index (STI) ended 16.4 points or 0.49% lower to 3326.52, taking the year-to-date performance to +15.47%. For longer term observations please go to sgx.com/research.
The top active stocks today were DBS, which declined 2.67%, CapitaLand, which gained 3.21%, Singtel, which gained 0.26%, HongkongLand USD, which gained 2.77% and UOB, with a 1.15% fall.
The FTSE ST Mid Cap Index declined 0.16%, while the FTSE ST Small Cap Index declined 0.07%.
The three most active Exchange Traded Funds (ETFs) by value today were:
STI ETF (-0.30%)
IS MSCI India (+0.12%)
Lyxor Hang Seng Index Fund 10 (unchanged)
The three most active Real Estate Investment Trusts (REITs) by value were:
Ascendas REIT (unchanged)
CapitaLand Mall Trust (unchanged)
CapitaLand Commercial Trust (+0.29%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
DBS MB eCW171016 (-29.17%)
UOB MB eCW171016 (-11.27%)
DBS MB ePW171204 (+23.01%)
Singapore Stock Market
*ST Index 3,326.52 -16.4 3,342.92 -5.88
Volume: 1,798.8M 2,071.2M
Value: $1,306.8M $1,188.5M
Gainers/Losers: 215/243 206/243
Daily Market Commentary (Securities)
4 August 2017
The FBM KLCI index gained 2.63 points or 0.15% on Friday. The Finance Index increased 0.27% to 16822.86 points, the Properties Index dropped 0.20% to 1250.52 points and the Plantation Index rose 0.01% to 7850.78 points. The market traded within a range of 4.39 points between an intra-day high of 1774.53 and a low of 1770.14 during the session.
Actively traded stocks include FRONTKN, PETRONM-CD, JOHAN, MTOUCHE, GLOTEC, ANZO, EVERGRN, MPAY, JCY-C2 and TRC. Trading volume decreased to 1419.45 mil shares worth RM1472.46 mil as compared to Thursday’s 1754.22 mil shares worth RM1746.15 mil.
Leading Movers were HLBANK (+34 sen to RM16.00), YTL (+2 sen to RM1.42), ASTRO (+3 sen to RM2.65), PBBANK (+16 sen to RM20.76) and IHH (+4 sen to RM6.00). Lagging Movers were AMMB (-2 sen to RM4.87), PETDAG (-22 sen to RM23.80), GENM (-5 sen to RM6.05), BAT (-22 sen to RM44.66) and IJM (-1 sen to RM3.42). Market breadth was negative with 368 gainers as compared to 432 losers.
The KLCI ended the week with a positive note, closing at 1774.53 points despite overnight mixed performance in US market. The performance of our local bourse was lifted by buying interest in heavy weight counters.
Date As of: Friday, August 04, 2017
Description Volume Value Frequency
ETF 741,200 76,693,900 33
Stock 4,835,113,205 4,602,297,997,865 250,076
Warrant 150,473,600 8,726,048,700 1,578
Total 4,986,328,005 4,611,100,740,465 251,687
August 4, 2017
SET to list Buriram Sugar Group Power Plant Infrastructure Fund on August 7
Bangkok, August 4, 2017 - The Stock Exchange of Thailand (SET) will list Buriram Sugar Group Power Plant Infrastructure Fund, the first biomass power plant fund to be listed on SET, on August 7, under the ticker symbol "BRRGIF", with a market capitalization at its initial public offering (IPO) of THB 3.61 billion
(approx. USD 108 million).
SET Senior Executive Vice President Santi Kiranand said that BRRGIF would list on SET and start trading in the Resources industry group, Energy & Utilities sector. BRRGIF offered 350 million units at a price of THB 10.30 per unit for a total of THB 3.61 billion to Buriram Sugar PCL (BRR) eligible existing shareholders, the general public, and institutional investors during July 7-27, 2017. BBL Asset Management Co., Ltd. is the fund manager and Maybank Kim Eng Securities (Thailand) PCL is the financial advisor, sales manager, and underwriter.
BRRGIF has invested in the rights of net income of BRR's subsidiaries, which are Buriram Energy Co., Ltd. (BEC) for a period of 11 years ending August 10, 2028; and Buriram Power Co., Ltd. (BPC) for a period of 18 years ending April 6, 2035. These are the so-called "very small power producers" or VSPP which use bagasse (sugarcane residue) as main fuel. Each of these two biomass power plants has a capacity of 9.9 megawatts, with a total capacity of 19.8 megawatts. Power purchase agreements have been made with the Provincial Electricity Authority using the Feed in Tariff (FiT) rate, with a maximum capacity of 8 megawatts per power plant for a total of 16 megawatts, including steam power for a capacity of 85 tons per hour from BEC and 100 tons per hour from BPC.
Peerapong Jirasevijinda, Chief Executive Officer at BBL Asset Management Co., Ltd. said that BRRGIF is a fund that will enable investors to invest in the Buriram Sugar Group's biomass power plant infrastructure business with stable
revenues from electricity sales contracts with the Provincial Electricity Authority, the main customer. As such BRRGIF can be considered an investment choice that can generate good returns in the form of regular dividends.
BRRGIF dividend policy is to pay dividends to unit holders as specified in the fund management project plan not less than twice a year in case the fund has sufficient retained earnings. For each fiscal year, BRRGIF will pay no less than 90% of the adjusted net profit. BRRGIF also has an investment return policy for unit holders in the form of capital reduction when the fund has excess liquidity. BRRGIF's three major unit holders after IPO are: Buriram Sugar Public
Co., Ltd. (29.61 percent), LAND and HOUSES Bank Public Co., Ltd. (10.00 percent), and Sareewiwatthana Group (5.74 percent).
For more information on BRRGIF, please see the fund's prospectus at the Securities and Exchange Commission's website at www.sec.or.th ; and for general information, please visit www.brrgif.com , as well as www.set.or.th .
As of 4 July 2017 Unit: M.Baht
Type Buy Sell Net
Institution 3,665.51 4,778.97 -1,113.47
Proprietary 3,897.54 3,215.85 681.69
Foreign 10,407.75 11,343.45 -935.70
Individual 16,708.32 15,340.84 1,367.48
Total Trading Value 34,679.12 M.Baht
SE Asia Stocks-Most edge up; Philippines gains on bargain-hunting
Most Southeast Asian stock markets ended higher on Friday tracking peers in Asia, with the Philippines
leading the pack on bargain-hunting.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was marginally higher ahead of the U.S. jobs report later in the day.
Investors will scrutinise the report for clues on whether it could influence the timing of the Federal Reserve's plans to
tighten monetary policy.
Philippine shares .PSI ended 0.7 percent higher buoyed by gains in utilities and financial stocks. The benchmark index is down 1.7 percent on week, its worst this year.
Energy Development Corp EDC.PS surged to end the session 16 percent higher after the renewable power producer said on Thursday a consortium of investors had offered to buy about a third of the company.
Its parent, First Gen Corp FGEN.PS gained 6.1 percent.
Shares of both the companies saw heavy trading activity.
"The market today is largely boosted by the performance of EDC and First Gen," said Charles Ang, an analyst with
Manila-based COL Financial.
Today's rise could also be due to bargain-hunting as the index has declined by over 200 points over the last few days,
Philippines' annual inflation was 2.8 percent in July, picking up slightly from the previous month's revised 2.7
Malaysia .KLSE ended 0.2 percent higher, aided by financials and industrials. Public Bank Bhd PUBM.KL ended 0.8 percent higher, while MISC Bhd MISC.KL closed up 0.4 percent.
The index ended a third straight week higher.
Malaysia's exports in June grew 10 percent from a year earlier, government data showed.
Bucking the trend, Singapore .STI ended 0.3 percent down, as oil and gas stocks took a hit from lower oil prices.
Sembcorp Industries SCIL.SI lost 1.6 percent, while DBS Group Holdings DBSM.SI ended 2.5 percent lower after it flagged pressures on asset quality.
Singapore shares snapped five weeks of gains to end marginally lower for the week.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Previous Close Pct Move
Singapore 3326.52 3342.92 -0.49
Bangkok 1580.26 1578.25 0.00
Manila 7932.82 7876.66 0.71
Jakarta 5777.482 5780.576 -0.05
Kuala Lumpur 1774.53 1771.9 0.15
Ho Chi Minh 788.68 788.49 0.02