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ASEAN STOCK WATCH Asean Affairs  19  December  2013 


Singapore

19 December 2013

The Straits Times Index (STI) ended 8.45 points higher or +0.28% to 3,070.23, taking the year-to-date performance to -3.06%.

The FTSE ST Mid Cap Index gained +0.01% while the FTSE ST Small Cap Index gained +0.22%. The top active stocks were SingTel (-1.95%), DBS (+0.61%), Keppel Corporation (+1.61%), UOB (+0.89%) and OCBC (+0.41%).

The outperforming sectors today were represented by the FTSE ST Basic Materials Index (+1.45%). The two biggest stocks of the FTSE ST Basic Materials Index are Midas Holdings (+2.04%) and Geo Energy Resources (+1.61%). The underperforming sector was the FTSE ST Technology Index, which declined -1.97% with Liongold Corporation’s price declining -2.98% and STATS ChipPAC’s share price remaining unchanged. The FTSE ST Consumer Goods Index gained +0.17%.

The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (-2.47%), SPDR STI ETF (+0.32%) and DBXT CSI300 ETF (-1.77%).

The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-0.82%), Suntec REIT (+0.33%) and Ascendas REIT (-0.47%).

The most active index warrants by value today were HSI23600MBePW140129 (+18.83%), HSI23200MBeCW140129 (-18.03%) and HSI23400MBePW131230 (+54.55%).

The most active stock warrants by value today were DBS MB eCW140502 (+6.90%), UOB MB eCW140303 (+9.09%) and KepCorp MBeCW140203 (+13.64%).

Singapore Stock Market
                                        Thursday             Wednesday
*ST Index               3,070.23  +8.45        3,061.78  -5.79
Volume:                      2,795.1M                2,869.5M
Value:                       $1,057.8M                 $955.1M
Gainers/Losers:             218/208                  207/160


Malaysia

Daily Market Commentary (Securities)
19 Dec 2013

The FBM KLCI index lost 1.32 points or 0.07% on Thursday. The Finance Index increased 0.03% to 16888.52 points, the Properties Index up 0.12% to 1283.41 points and the Plantation Index down 0.52% to 8900.47 points. The market traded within a range of 6.34 points between an intra-day high of 1851.53 and a low of 1845.19 during the session.

Actively traded stocks include DAYA, TIGER, SUMATEC, ASIAPAC, XDL, HIBISC-WA, AIRASIA, INFOTEC, BIMB-WA and MAS. Trading volume decreased to 1062.54 mil shares worth RM1559.91 mil as compared to Wednesday’s 1085.02 mil shares worth RM1632.34 mil.

Leading Movers were BAT (+100 sen to RM64.00), PETDAG (+78 sen to RM31.00), HLFG (+40 sen to RM15.86), KLK (+30 sen to RM24.90) and PPB (+20 sen to RM15.98). Lagging Movers were UMW (-16 sen to RM12.06), PETCHEM (-11 sen to RM6.63), DIGI (-11 sen to RM4.84), PBBANK (-8 sen to RM18.64) and IHH (-5 sen to RM3.81). Market breadth was negative with 338 gainers as compared to 392 losers.

The KLCI was little changed and closed at 1846.18 points. Investors were digesting the decision by U.S. Federal Reserve to trim its monthly bond purchases to $75 billion from $85 billion. Meanwhile, trading volume was thin as investors were reluctant to take position as they were gauging the impact of tapering of bond stimulus.


Indonesia

Trade Summary
Date As of:     19 December 2013
Description    Volume                           Value    Frequency
ETF                             3,000                   1,075,500              06
Stock             4,461,929,935    4,575,711,189,078    124,632
Right                             6,500                            6,500              02
Warrant                   34,044,000            2,213,861,000            769
Total              4,495,983,435    4,577,926,132,078    125,409


Thailand

Thai bourse organizes tax incentive funds fair

BANGKOK, December 19, 2013 - The Stock Exchange of Thailand (SET), together with the Association of Investment Management Companies (AIMC) and asset management
firms, will hold the "Let's Thais save tax and invest for retirement through LTF &RMF" fund fair on December 19-22 in Bangkok to promote long-term equity funds (LTFs) and retirement mutual fund (RMFs) as tax-saving and long-term investment instruments for individuals, reinforcing the uptrend of mutual fund growing 12
percent from end-2012 to THB2.92 trillion (approx. THB90.26 billion) for the whole industry.
 
SET Executive Vice President and Head of Markets Division Kesara Manchusree said the exchange has expanded the investor base via mutual funds for ten consecutive years. This year's campaign has successfully attracted individuals to invest via mutual funds as an alternative tool after continuously holding
marketing activities.
 
Morning Research data reported that yields of mutual equity funds dated back  five years (as of December 13, 2013) were at 235.09 percent, or a compounded average of 27.15 percent a year. Mutual equity funds have a combined net asset value of THB716.95 billion, up 25.26 percent from end-2012, while unit holders
of such funds increased 12 percent to 1.6 million accounts (data as of end-June).
 
"In 2014, the Exchange's project will still focus on promoting mutual funds as a major investment choice and using mutual fund as a savings tool for Thailand's
households to meet financial demands of all levels. We also plan to develop information access, build product variety, focus on providing in-depth
information to investors, improve communication channels via a wide range of media broadly and expand to the provinces," Kesara added.
 
Somjin Sornpaisarn, Chairman of AIMC said; "Mutual funds have been continuously  gaining in popularity. As of December 13, 2013, the fund industry had THB2.92
trillion of net assets under management, up 11.76 percent from the end of last year, including 123 RMFs worth THB132 billion and 52 LTFs worth THB205 billion.
The number of unit holders has increased continuously, rising 3.72 percent from end-2012 to 3.7 million accounts (as of June, 2013). The number of RMF accounts
rose 7.38 percent to 456,848, while the number of LTF accounts climbed 5.43 percent to 828,196."
 
"This year, the investment behavior of LTF and RMF holders has changed. They now gradually buy fund units throughout the year, rather than crowding their
purchases at year-end. RMF returns dated back five years was at 211.92 percent, or a compounded average of 25 percent a year, while LTF returns for this period
was at 196.59 percent, or a compounded 23.62 percent a year. For 2014, we believe that mutual funds will remain attractive to investors and expect net
assets under management of the whole industry to reach THB3 trillion, while LTF and RMF should continue to be major attractions,"
 
"Equity funds should also rise following the country's economy, in line with the experience in developed countries, where people are sophisticated in financial
management, including long-term investment, and accept high risk levels in the short term," Somjin added.
 
The "Let's Thais save tax and invest for retirement through LTF &RMF" fair will  be held at Central World, Bangkok, with more than 1,400 funds on offer and 18
leading asset management companies giving advice and calculating taxes for investors.

Trading Summary

As of  19 December  2013         Unit: M.Baht
        
Type                                        Buy             Sell                Net
Institution                          4,086.96     1,681.09          2,405.86     
Proprietary                       2,635.81      4,060.23        -1,424.43     
Foreign                            7,574.65       8,678.81        -1,104.16     
Individual                       11,518.97     11,396.24             122.73     
Total Trading Value               25,816.38      M.Baht     


Vietnam

Vietnam's benchmark VN Index closed up 0.2 percent on Thursday as investors bought speculative stocks on heavy volume, an analyst said.
    
Shares of real estate firm Tan Tao Investment and Industry Corp rose 3.13 percent. Trading volume was the highest in nearly a month.
    
Dairy product maker Vinamilk   climbed 0.72 percent and Vietcombank gained 1.12 percent.
    
Trading volume on the Ho Chi Minh Stock Exchange surged to its highest since Dec. 4, with about 111 million shares changing hands on Thursday.
    
The index was expected to rise slightly in the next few sessions as investors would continue to buy in some speculative stocks, said Nguyen Tuan, deputy manager at An Binh Securities.
    
Here is a snapshot of the VN Index   at the close
             
                      VN Index     506.28             
             PREV. CLOSE     505.25             
                % CHANGE      0.20%             
                                              
                  HIGH     508.04             
                   LOW     504.92             
                                     

Asean

Indonesian shares rose to a one-week high on Thursday after the U.S. Federal Reserve's decision to taper its bond buying programme, but other Southeast Asian markets ended range-bound while the Thai index fell on lingering political concerns.
 
The U.S. central bank on Wednesday said it would reduce its monthly asset purchases by $10 billion to $75 billion, while indicating its key interest rate would stay at rock bottom even longer than previously promised.  

The Jakarta Composite Index    gained 0.9 percent to its highest since Dec. 11, led by blue-chips, while Singapore's benchmark index    closed 0.3 percent firmer at a more than one-week high.   

Analysts said the Fed's decision to keep interest rates low for longer than it earlier promised and lower-than-expected tapering boosted sentiment.  

 Vietnam's benchmark VN Index  closed up 0.2 percent at a one-week high as investors bought speculative stocks on heavy volume.  

Bucking the trend, the Philippines stock index    lost 0.6 percent and while Malaysia   ended 0.1 percent down, moving further away from a record closing high hit on Tuesday.  

The Thai SET index   ended 0.2 percent weaker on political concerns, a day after anti-government demonstrators said they would step up protests in an attempt to force Prime
Minister Shinawatra from office and push through electoral reforms before a general election is held.  
     
SOUTHEAST ASIAN STOCK MARKETS
 
 Market                               Current     Prev Close    Pct Move
 TR SE Asia Index*             387.89         388.80           -0.34
 Singapore                         3070.23       3061.78          +0.28
 Kuala Lumpur                  1846.18       1847.50           -0.07
 Bangkok                          1346.63       1349.86           -0.24
 Jakarta                             4231.98       4196.28          +0.85
 Manila                              5923.12       5961.55           -0.64
 Ho Chi Minh                      506.28         505.67          +0.20
 



 

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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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