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Malaysia

Daily Market Commentary (Securities)
7 August 2015

The FBM KLCI index lost 11.99 points or 0.71% on Friday. The Finance Index fell 0.50% to 15218.45 points, the Properties Index dropped 0.64% to 1181.29 points and the Plantation Index down 0.43% to 7227.84 points. The market traded within a range of 17.96 points between an intra-day high of 1695.18 and a low of 1677.22 during the session.

Actively traded stocks include TMS, IDMENSN, RCECAP, XINGHE, FBMKLCI-HK, TMS-WA, FBMKLCI-HG, TRIVE, XDL and IFCAMSC. Trading volume increased to 1861.31 mil shares worth RM1797.13 mil as compared to Thursday’s 1652.65 mil shares worth RM2021.22 mil.

Leading Movers were KLCC (+15 sen to RM7.29), PBBANK (+8 sen to RM19.08), PPB (+6 sen to RM15.26), CIMB (+1 sen to RM5.30) and TENAGA (+2 sen to RM11.40). Lagging Movers were WPRTS (-13 sen to RM4.11), AXIATA (-14 sen to RM6.00), DIGI (-11 sen to RM5.09), MAXIS (-13 sen to RM6.48) and GENTING (-14 sen to RM7.98). Market breadth was negative with 187 gainers as compared to 722 losers.

The KLCI ended the week on a negative note, closed lower at 1682.65 points tracking the overnight losses in Wall Street. Investor sentiment continued to remain tepid following the weakening ringgit and absence of fresh lead.


Thailand

Thai bourse to list COM7 on August 10


BANGKOK, August 7, 2015 -The Stock Exchange of Thailand (SET) will list Com7 pcl, one of the largest IT store chain in Thailand under the brand, "Banana IT", on August 10, under the ticker symbol "COM7". The company has a market capitalization at its initial public offering (IPO) of THB 4.02 billion (approximately USD 118 million).

SET Executive Vice President Santi Kiranand said that COM7 would list on SET in  Services industry, Commerce sector. Considering the number of stores with 317 branches in 55 provinces nationwide, COM7 was the largest IT store chain in Thailand.  The company operated Banana IT and Banana Mobile shops, selling IT related-products covering computers, mobile phones, tablets and accessories, as well as being a reseller for "Apple" products via iStudio, iBeat, U-Store by Comseven as well as providing after-sales services via iCare Services Centers.

Com7 has a paid-up registered capital of THB 300 million, consisting of 900 million existing common shares and 300 million newly issued shares, with a par value of THB 0.25 each. It offered newly issued shares via IPO at THB 3.35 each, for a total of THB 1,005 million, during July 31 and August 3-4, 2015. Asia Plus Advisory Co., Ltd. is the financial advisor while Asia Plus Securities pcl is its underwriter.

COM7 Chief Executive Officer Sura Khanittaweekul said that the fund raised would be for branch expansion, debt repayment and working capital so as to strengthen financial capabilities, reaching wider target market and responding to business  growth, in order to maintain its leadership position.

COM7's three major shareholders after IPO are Sura Khanittaweekul (59.63 percent), Buncha Phantumkomol (23.45 percent) and Aree Preechanukul (7.84 percent). The IPO price was equivalent to price-to-earnings ratio (P/E) of 17.82 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 0.188. COM7's dividend payment policy is to pay no less than 40 percent of net profit after taxes and reserves.

For more information on COM7, please see the company's prospectus at the Securities and Exchange Commission's website at www.sec.or.th  and general information at the company's website at www.comseven.com, as well as www.set.or.th .
SET "Towards the 5th Decade of Sustainable Wealth for Thais"

Thailand

Trading Summary

As of  7 August   2015  Unit: M.Baht   
    
Type                      Buy           Sell              Net
Institution       1,827.04      1,927.33       -100.29
Proprietary      2,100.67      2,141.05         -40.38
Foreign           5,399.09      7,140.44     -1,741.34
Individual     15,345.94    13,463.93      1,882.01
Total Trading Value     24,672.75 M.Baht


Vietnam

Vietnam index ends up 0.45 pct, Vinamilk leads


Vietnam's benchmark VN Index  .VNI  advanced 0.45 percent to close at 603.76 points after a fall the previous day, with gains in some blue-chip shares led by Vinamilk  VNM.HM .
    
The country's top dairy products maker rose 3.09 percent. The firm was forecast to have higher profit in this year thanks to a lower milk powder costs, according to Viet Capital Securities said in a client note on Wednesday.  
    
Steel firm Hoa Phat Group  HPG.HM  rallied 2.71 percent on solid buying from foreigners after the company proposed raising its profit target by 41.3 percent and dividend payment to 30 percent, instead of agreed 20 percent, traders said.

Here is a snapshot of the VN Index  .VNI  at the close

            VN Index       603.76              
         PREV. CLOSE       601.04              
            % CHANGE       +0.45%              
                                               
                HIGH       604.04              
                 LOW       597.75              
                                                                                          
Asean

SE Asia Stocks-Fall on week; Malaysia at near 8-month low


 Most Southeast Asian stock markets fell on Friday, with the Malaysian index sliding to its lowest in nearly eight months as the ringgit  MYR=MY  hit another pre-peg 17-year low, while investors awaited U.S. jobs data for direction on interest rates.
    
The Kuala Lumpur composite index  .KLSE  was down 0.7 percent, its lowest close since December and down 2.4 percent on the week, the region's second-worst performer. Shares of Maybank  MBBM.KL  shed 1.2 percent, among most actively traded.
    
Foreign investors sold shares worth a net 279 million ringgit ($71.14 million) on the day, a third straight day of net selling, stock exchange data showed.

Stocks in the region performed poorly on the week ahead of U.S. jobs data for July that could spur the Federal Reserve to raise interest rates as early as next month.
    
Thailand  .SETI  reversed gains from the previous week amid foreign outflows. Indonesia  .JKSE  and Singapore  .FTSTI  both
posted a third straight week of losses, while the Philippines  .PSI  declined for the second straight week.
    
The Singapore stock market was closed on Friday, and will reopen Tuesday.

Vietnam's benchmark VN Index  .VNI  advanced 0.45 percent on the day, trimming its weekly fall to 2.8 percent, the region's worst performer.
SOUTHEAST ASIAN STOCK MARKETS
 Market             Current          Prev Close        Pct Move
 Kuala Lumpur       1682.65       1694.64            -0.71
 Bangkok                1428.79       1430.58            -0.13
 Jakarta                   4770.30       4806.56            -0.75
 Manila                   7532.52       7589.95            -0.76
 Ho Chi Minh           603.76         601.04           +0.45
 



 
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 • Women Shariah scholars see gender gap closing
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• Private property prices hit new high in Singapore • Bangkok moves on mass transport
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ASEAN  ANALYSIS

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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