ASEAN KEY DESTINATIONS
02 December 2015
The Straits Times Index (STI) ended 13.38 points or 0.47% higher to 2883.64, taking the year-to-date performance to -14.31%.
The top active stocks today were SingTel, which gained 0.26%, OCBC Bank, which gained 0.81%, DBS, which gained 0.42%, UOB, which gained 1.03% and CapitaLand, with a 1.92% advance.
The FTSE ST Mid Cap Index gained 0.18%, while the FTSE ST Small Cap Index rose 0.51%.
The outperforming sectors today were represented by the FTSE ST Consumer Services Index, which rose 1.21%. The two biggest stocks of the Index - Jardine Cycle & Carriage and Singapore Airlines – ended 5.03% higher and 0.79% higher respectively.
The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 1.81%. Keppel Corp shares declined 1.21% and Sembcorp Industries declined 2.77%.
The three most active Exchange Traded Funds (ETFs) by value today were:
Is Msci India 100 (unchanged)
Sti Etf (+0.34%)
Dbxt Ft China 25 Etf 10 (+0.30%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Capitamall Trust (-0.26%)
Ascendas Reit (-0.82%)
Capitacom Trust (+1.87%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
DBS MB eCW160404 (+1.56%)
UOB MB eCW160111 (+9.62%)
KepCorp MBeCW160222 (-5.88%)
Singapore Stock Market
*ST Index 2,883.64 +13.38 2,870.26 +14.32
Volume: 945.3M 994M
Value: $1,061.7M $1,021.2M
Gainers/Losers: 204/180 219/150
Date As of: 02 December 2015
Description Volume Value Frequency
ETF 54,800 6,467,800 10
Stock 4,391,287,609 4,611,211,425,873 233,197
Warrant 2,077,700 78,373,600 208
Total 4,393,420,109 4,611,296,267,273 233,415
Thai bourse to list Taokaenoi Food & Marketing on December 3
BANGKOK, December 2, 2015 - The Stock Exchange of Thailand (SET) will list Taokaenoi Food & Marketing pcl, seasoned seaweed snacks producer under the brand of "Taokaenoi," on December 3, under the ticker symbol "TKN". The company has market capitalization at its initial public offering (IPO) of THB 5.52 billion (approx. USD 153.3 million).
SET Executive Vice President Santi Kiranand said TKN would list and start trading on SET's Agro & Food industry group, Food & Beverage sector on December 3. The company was a manufacturer and distributor of seasoned seaweed, under the brand "Taokaenoi," selling four main products which are fried, roasted, tempura and baked seaweeds including popcorn snack named "Taokaepop." Those products have been sold through various channels including its exclusive snack shop named "Taokaenoi Land," as well as exporting to 35 countries worldwide.
TKN has a paid-up registered capital of THB 345 million, consisting of 1,020 million existing common shares and 360 million newly-issued shares with a par value of THB 0.25 each. It offered the newly-issued shares to the general public via IPO during November 25-27 at THB 4.00 each, for a total of THB 1.44 billion. Asia Plus Advisory Co., Ltd. is its financial advisor, while Asia Plus Securities pcl is its underwriter.
TKN's CEO Itthipat Peeradechapan said this listing would help the company to increase its competitiveness as the fund raised would be used to invest in new factory at Rojana Industrial Park, for working capital, and to renovate the existing factory.
TKN's three major shareholders after the IPO are Peeradechapan Group (73.91 percent), Pitchsinee Seriwiwattana (1.20 percent) and Kaewsawang Group (0.96 percent). The IPO price was equivalent to price-to-earnings ratio (P/E ratio) of 16.42 times calculated by using the company's net profit in the past four quarters (October 1, 2014-September 30, 2015), divided by fully diluted shares, representing earnings per share of THB 0.24. TKN's dividend policy is to pay no less than 40 percent of net profits (from the separate financial statement) after taxes and reserves.
As of 2 December 2015 Unit: M.Baht
Type Buy Sell Net
Institution 2,586.64 3,087.02 -500.38
Proprietary 4,092.36 5,856.26 -1,763.89
Foreign 10,442.67 10,423.90 18.77
Individual 20,089.38 17,843.88 2,245.51
Total Trading Value 37,211.05 M.Baht
Vietnam index rises 0.7 pct, volume hits 3-wk low
Vietnam's benchmark VN Index .VNI closed up 0.7 percent on Wednesday, ending a four-day losing streak, while volume hit the lowest level in three weeks after the World Bank revised its forecast for Vietnam's economic growth.
Gainers outnumbered decliners by nearly three to one, led by banking shares.
All the six listed lenders gained, including Vietcombank VCB.HM , the country's second-biggest firm by market value, with 0.24-percent rise and BIDV BID.HM that rallied 2.42 percent.
But volume fell to 104.1 million shares, the lowest since Nov. 11, Reuters data showed, as investors were advised to avoid rushing their purchases while the market lacked positive news, according to BIDV Securities.
Here is a snapshot of the VN Index .VNI at the close
VN Index 574.42
PREV. CLOSE 570.41
% CHANGE +0.7%
SE Asia Stocks-Thailand leads losses on airline woes
Most Southeast Asian stock markets fell on Wednesday, with the Thai benchmark hitting a more than three-month closing low amid selloffs in airline shares while investors in the region stayed on the sidelines a day ahead of the European Central Bank's meeting.
The Thai SET index .SETI ended down 1.3 percent at 1,339.45, the lowest close since Aug. 26.
Shares of airline operators tumbled, led by a 7.5 percent drop in national carrier Thai Airways International Pcl THAI.BK , after the U.S. Federal Aviation Administration (FAA) downgraded Thailand's safety ratings.
Stocks in Malaysia .KLSE , Indonesia .JKSE and the Philippines .PSI inched lower, in line with Asia as downbeat U.S. manufacturing data raised questions about how aggressive the Federal Reserve would be when hiking interest rates.
Turnover was below the 30-day average across exchanges as investors waited to see whether the ECB would add further to economic stimulus at a meeting on Thursday.
Fund flows were broadly weak, with the Philippines .PSI posting a net foreign selling of 786 million pesos ($16.66 million), Malaysia's net foreign selling of 61 million ringgit ($14.42 million) and Indonesia's 362 billion rupiah ($26.24 million), stock exchange and Thomson Reuters data showed.
Markets could continue to be range-bound in the near term amid uncertainties about a Fed rate hike in December, according to brokers.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 2883.64 2870.26 +0.47
Kuala Lumpur 1676.77 1682.37 -0.33
Bangkok 1339.45 1357.01 -1.29
Jakarta 4545.86 4557.67 -0.26
Manila 7047.08 7060.60 -0.19
Ho Chi Minh 574.42 570.41 +0.70