ASEAN KEY DESTINATIONS
23 December 2014
The Straits Times Index (STI) ended +1.55 points higher or +0.05% to 3332.51, taking the year-to-date performance to +5.30%.
The FTSE ST Mid Cap Index declined -0.12% while the FTSE ST Small Cap Index declined -0.40%. The top active stocks were UOB (+1.24%), DBS (unchanged), SingTel (+0.51%), Keppel Corp (-1.13%) and OCBC Bank (unchanged).
The outperforming sectors today were represented by the FTSE ST Health Care Index (+1.02%). The two biggest stocks of the FTSE ST Health Care Index are Raffles Medical Group (unchanged) and Biosensors International Group (+3.92%). The underperforming sector was the FTSE ST Technology Index, which declined -1.41% with Silverlake Axis’s share price declining -2.80% and STATS ChipPAC’s share price declining +2.22%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (-1.30%), STI ETF (+0.30%), DBXT CSI300 ETF (-2.20%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (+0.84%), Suntec REIT (-0.51%), CapitaCom Trust (-0.30%).
The most active index warrants by value today were HSI23400MBeCW150129 (-6.30%), HSI24000MBeCW150129 (-9.76%), HSI23200MBePW150129 (+5.66%).
The most active stock warrants by value today were KepCorp MBePW150603 (+4.67%), UOB MB eCW150415 (+10.07%), DBS MB eCW150602 (+1.67%).
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Singapore Stock Market
*ST Index 3,332.51 +1.55 3,330.96 +51.43
Volume: 993M 536.8M
Value: $778.2M $919M
Gainers/Losers: 171/221 295/127
Daily Market Commentary (Securities)
23 Dec 2014
The FBM KLCI index gained 5.00 points or 0.29% on Tuesday. The Finance Index increased 0.73% to 15507.93 points, the Properties Index dropped 0.34% to 1301.99 points and the Plantation Index rose 1.22% to 7723.04 points. The market traded within a range of 9.31 points between an intra-day high of 1754.27 and a low of 1744.96 during the session.
Actively traded stocks include HUBLINE, ICON-CA, ICON, SUMATEC, MINETEC, KNM, IFCAMSC, SKPETRO, ASIABIO and BSTEAD. Trading volume decreased to 1511.29 mil shares worth RM1665.94 mil as compared to Monday’s 1584.06 mil shares worth RM1636.77 mil.
Leading Movers were KLK (+76 sen to RM21.46), BAT (+170 sen to RM65.90), RHBCAP (+14 sen to RM7.44), PBBANK (+28 sen to RM17.98) and MAYBANK (+12 sen to RM8.96). Lagging Movers were ASTRO (-12 sen to RM3.05), FGV (-6 sen to RM2.21), SKPETRO (-4 sen to RM2.35), PETCHEM (-8 sen to RM5.35) and IHH (-7 sen to RM4.70). Market breadth was negative with 281 gainers as compared to 541 losers.
The day ended with the KLCI closing higher at 1749.05 points amid the overnight gains in Wall Street. Meanwhile, market breadth was negative as trading sentiment turned negative following the decline in oil prices and the slump in US home resale in November from one-year high.
Date As of: 23 December 2014
Description Volume Value Frequency
ETF 12,800 6,629,300 42
Stock 11,619,506,077 6,809,765,959,220 211,293
Right 00 00 00
Warrant 496,978,625 23,871,439,225 8,329
Total 12,116,497,502 6,833,644,027,745 219,664
Thai bourse to list Eastern Polymer Group on Dec 24
BANGKOK, December 23, 2014 -The Stock Exchange of Thailand (SET) will list Eastern Polymer Group pcl, a holding company mainly investing in innovative polymer and plastic convertor business, on December 24, under the ticker symbol "EPG" The company has a market capitalization at its initial public offering (IPO) of THB 16.24 billion (approx. USD 492.12 million).
SET Executive Vice President Chanitr Charnchainarong said, "EPG group will list in the Construction Materials sector, Property & Construction industry on SET.
The company is a holding company mainly invests in the rubber insulation for construction materials industry, under "Aeroflex" brand. The company is also engaged in other businesses including auto accessories, producing and distributing its "Aeroklas" brand, as well as manufacturing and distributing
high-quality plastic under "EPP" brand. EPG focuses on research and development to create innovative products with high-quality and specific features under its own trademarks."
EPG has a paid-up registered capital of THB 2.8 billion, consisting of 2,100 million existing common shares and 700 million newly issued shares, with a par value of THB 1.00 each. During December 17-19, the company offered newly issued shares to the general public via IPO at THB 5.80 each, for a total of THB 4.06 billion. Siam Commercial Bank pcl is its financial advisor, while SCB Securities Co., Ltd. is its underwriter.
EPG Chief Executive Officer Pawat Vitoorapakorn said the fund raised would also be used for debt repayment and domestic and international business expansion.
The company would focus on investment in new product development from its innovation as a result of ongoing research and development efforts.
EPG's three major shareholders after the IPO are Vitoorapakorn Group (75 percent), Social Security Office (0.37 percent) and Provident Fund of the EGAT (0.36 percent). The IPO price was set by a booking building process and equivalent to price per earnings ratio (P/E ratio) of 32.22 times. EPG's P/E ratio was 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 0.18. The industry average P/E ratio is 15.7 (from June 13, 2013 to December 12, 2014.) Dividend policy is to pay no less than 30 percent of net profits from consolidated financial statement after taxes and reserves.
As of 23 December 2014 Unit: M.Baht
Type Buy Sell Net
Institution 4,031.83 2,779.41 1,252.42
Proprietary 5,072.56 3,487.68 1,584.88
Foreign 6,408.95 7,021.98 -613.03
Individual 21,487.75 23,712.01 -2,224.26
Total Trading Value 37,001.09 M.Baht
Vietnam index edges up 0.1 pct, buying lessens
Vietnam's benchmark VN Index ended nearly flat on Tuesday as buying weakened and was impeded by profit taking in many shares after strong gains in the previous session.
Dairy product maker Vinamilk rose 2.14 percent, after it fell against Monday's strong rallies in most shares, while Hanoi-based lender Vietcombank climbed 2.68 percent.
Vietcombank expects lending to pick up this year to an annual growth of 15 percent, above the 13-percent expansion of the entire sector, Deputy Chief Executive Pham Thanh Ha told reporters on Tuesday.
But nearly half of the equities fell, including PetroVietNam Gas , Vietnam's biggest firm by market value, that retreated 2.78 percent from a streak of three gains.
Here is a snapshot of the VN Index at the close
VN Index 537.88
PREV. CLOSE 537.54
% CHANGE 0.06%
SE Asia Stocks - Philippines ends at 1-week high ahead of holidays
Southeast Asian stock markets edged higher on Tuesday, with Philippines extending gains to a more than one-week high ahead of market holidays, but the Thai benchmark bucked the trend amid weakness in energy stocks.
The Philippine main index rose 0.7 percent to finish at 7,186.32, its highest close since Dec. 15, and a slight gain of 0.9 percent on the week.
Shares of oil refiner Petron Corp jumped 5 percent and was the best performer on the main index, boosted by foreign inflows, exchange data showed.
The Philippine stock market is closed on Wednesday through Friday for the Christmas holidays. Normal trading resumes on Monday.
Singapore and Malaysia both rose for a fifth session, Indonesia rebounded from a fall on Monday, while Vietnam ended slightly higher.
The Thai SET index ended down 0.4 percent as investors cashed in on recent gains in large-cap energy shares amid volatility in oil prices, with PTT Exploration and Production falling 3.3 percent after a 4.3 percent rise on Monday.
Brent crude steadied around $60 a barrel on Tuesday, under pressure from a supply glut but supported by forecasts of stronger economic data from the United States.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3332.51 3330.96 +0.05
Kuala Lumpur 1749.05 1744.05 +0.29
Bangkok 1531.17 1536.83 -0.37
Jakarta 5139.07 5125.77 +0.26
Manila 7186.32 7139.27 +0.66
Ho Chi Minh 537.88 537.54 +0.06