ASEAN KEY DESTINATIONS
18 December 2014
The Straits Times Index (STI) ended +16.42 points higher or +0.51% to 3243.65, taking the year-to-date performance to +2.49%.
The FTSE ST Mid Cap Index gained +0.29% while the FTSE ST Small Cap Index gained +0.71%. The top active stocks were Keppel Corp (+2.68%), SingTel (-1.02%), DBS (+2.36%), Global Logistic (-3.21%) and UOB (+0.30%).
The outperforming sectors today were represented by the FTSE ST Basic Materials Index (+3.13%). The two biggest stocks of the FTSE ST Basic Materials Index are Midas Holdings (+6.38%) and Geo Energy Resources (unchanged). The underperforming sector was the FTSE ST Telecommunications Index, which declined -0.98% with SingTel’s share price declining -1.02% and StarHub’s share price declining -0.73%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+2.56%), DBXT CSI300 ETF (+0.42%), STI ETF (+0.61%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (-0.42%), Keppel DC REIT (unchanged), Suntec REIT (+0.26%).
The most active index warrants by value today were HSI23400MBeCW150129 (+7.32%), HSI22600MBePW150129 (unchanged), HSI24000MBeCW150129 (+12.50%).
The most active stock warrants by value today were KepCorp MBeCW150602 (+21.95%), DBS MB eCW150420 (+29.29%), DBS MB ePW150402 (-18.03%).
Singapore Stock Market
*ST Index 3,243.65 +16.42 3,227.23 +12.14
Volume: 1,167.1M 1,226.9M
Value: $1,233.5M $1,362.4M
Gainers/Losers: 220/169 189/224
Daily Market Commentary (Securities)
18 Dec 2014
The FBM KLCI index gained 18.05 points or 1.07% on Thursday. The Finance Index increased 0.98% to 15129.39 points, the Properties Index up 1.43% to 1258.34 points and the Plantation Index rose 0.40% to 7428.89 points. The market traded within a range of 16.85 points between an intra-day high of 1704.85 and a low of 1688.00 during the session.
Actively traded stocks include SUMATEC, SYSTECH, SKPETRO, ARMADA, PERISAI, SONA-WA, SUMATEC-WB, KNM, PDZ and OWG. Trading volume decreased to 1908.52 mil shares worth RM1928.35 mil as compared to Wednesday’s 1943.66 mil shares worth RM2061.36 mil.
Leading Movers were HLFG (+88 sen to RM16.70), PETCHEM (+17 sen to RM5.10), PETDAG (+50 sen to RM16.60), MAXIS (+20 sen to RM6.64) and SIME (+26 sen to RM9.08). Lagging Movers were GENM (-12 sen to RM3.95), BAT (-88 sen to RM62.90), KLK (-20 sen to RM19.90), PBBANK (-12 sen to RM17.50) and UMW (-6 sen to RM10.34). Market breadth was positive with 761 gainers as compared to 180 losers.
The KLCI rose to close at 1699.95 points today amid the higher overnight close at Wall Street after US stocks recorded its strongest session for this year. Meanwhile, Federal Reserve signals no hurry to raise interest rate which indicates the confidence in US economy.
Date As of: 18 December 2014
Description Volume Value Frequency
ETF 15,700 11,958,600 44
Stock 10,458,371,187 6,896,037,233,440 326,021
Right 4,308,250 4,315,600 60
Warrant 10,582,481 372,200,187 373
Total 10,473,277,618 6,896,425,707,827 326,498
Thai alternative bourse welcomes Power Solution Technologies
BANGKOK, December 18, 2014 - Market for Alternative Investment (mai), under The Stock Exchange of Thailand (SET) group, will list Power Solution Technologies pcl, a power solution company, on December 19, under the ticker symbol "PSTC".
The company has a market capitalization at its initial public offering (IPO) of THB 1.43 billion (approx. USD 43.33 million).
mai President Prapan Charoenprawatt said PSTC engaged in power back-up solutions and power and environment monitoring solutions for telecommunications.
The company also provided renewable energy through its subsidiaries. The company operated four plants, consisting of solar farm plants and solar rooftop plants
for commercial electricity with a total capacity of 3.964 MW. In addition, PSTC also had 20 percent shares in other solar rooftop plants with a total capacity of 0.988 MW.
PSTC has a paid-up registered capital of THB 220 million, consisting of 1,750 million existing common shares and 450 million newly issued shares, with a par value of THB 0.10. The new shares were offered to the general public via IPO during December 9 and 11-12 at THB 0.65 each, for a total of THB 292.5 million.
Capital Nomura Securities pcl is its financial advisor and underwriter.
Pranai Kungwalrat, PSTC's CEO, said that the listing on mai would enhance the company's financial strength. The fund raised would be used to invest in a bio-energy plant with 0.99 MW capacity and as working capital. PSTC's vision is to be a leader in full-service power generating systems and power back-up solutions covering planning, advising and providing products, as well as investing in renewable energies covering solar, wind, bio, waste-to energies.
PSTC's three major shareholders after the IPO are Sommaphat Traisorat (23.86 percent), MVT Communications pcl (18.18 percent) and Pranai Kungwalrat (9.09 percent). The IPO price was equivalent to price per earnings ratio (P/E ratio) of 34.21 times, calculated by using the company's net profit in the past four quarters (Q4 2013 - Q3 2014) divided by fully diluted shares, representing earnings per share of THB 0.019. PSTC' s dividend policy is to pay no less than
50 percent of net profits after taxes and reserves.
Starting from the first trading day of 2015, mai will announce eight industry groups categorizing from their business aspects, and PSCT will then be
classified into RESOURCES sector. For more information on PSCT, 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.pst.co.th , as well as www.mai.or.th.
As of 18 December 2014 Unit: M.Baht
Type Buy Sell Net
Institution 10,446.73 3,524.00 6,922.73
Proprietary 4,345.00 4,871.96 -526.96
Foreign 9,493.38 10,691.28 -1,197.90
Individual 27,835.04 33,032.92 -5,197.88
Total Trading Value 52,120.15 M.Baht
Vietnam index climbs 2 pct; energy outperforms
Vietnam's benchmark VN Index rose 1.97 percent on Thursday, recovering from a seven-month closing low hit in the previous session, as most
shares rebounded, led by oil and gas firms.
PetroVietNam Gas, Vietnam's biggest firm by market value, rallied 6.45 percent from a 17-month low, while Petrovietnam Drilling & Well Services Corp surged 6.36 percent.
OPEC's decision not to reduce output to support tumbling oil prices has taken a toll on both stocks, which have shed nearly a third in value since late November, Reuters data showed.
Analysts expected declines will extend to around 500-520 points as the margin ratio is still high, and as sentiment was so cautious that the State Securities Commission on Wednesday told investors to stay calm. (ssc.gov.vn)
The SSC also warned investors to be wary of manipulations and said it would keep an eye on irregular transactions.
Trading volume fell by a third from a day earlier to 113 million shares as selling eased, while analysts expected trade to be robust on Friday as two exchange-traded funds completed their quarterly reviews.
Here is a snapshot of the VN Index at the close.
VN Index 528.45
PREV. CLOSE 518.22
% CHANGE 1.97%
SE Asia Stocks-Rise after US Fed adopts "patient" approach to rate hike
Southeast Asian stock markets rose on Thursday as investor concerns about an earlier-than-expected rate hike eased after the U.S. Federal
Reserve said it would adopt a "patient" approach.
The U.S. Fed on Wednesday offered a strong signal that it was on track to raise interest rates sometime next year, altering a pledge to keep rates near zero for a "considerable time" in a show of confidence in the economy.
Jakarta's Trimegah Securities said investors responded positively to the Fed's statement as they had anticipated a more aggressive stance following positive U.S. economic data.
Concerns over a possible U.S. rate hike, combined with plummeting oil prices resulted in foreign outflows from emerging markets this week due to global risk aversion.
The Thai index led the Southeast Asian rally with a 2.5 percent gain, boosted by energy stocks rebounding from losses posted earlier this week.
Shares in Thai energy firm PTT PCL rose 6.3 percent. Its units PTT Exploration and Production PCL and PTT Global Chemical PCL were among those most traded in Bangkok.
Philippine stocks rebounded from their losses and closed 0.9 percent higher. The index had lost 4.3 percent in the last two sessions.
The Indonesian benchmark index was up 1.5 percent, its highest one-day gain in two months, as the rupiah
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3243.65 3227.23 +0.51
Kuala Lumpur 1699.95 1681.90 +1.07
Bangkok 1516.79 1480.20 +2.47
Jakarta 5113.35 5035.66 +1.54
Manila 7029.28 6966.21 +0.91
Ho Chi Minh 528.45 518.22 +1.97