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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:

HSI22800MBeCW151230 (+5.50%)

HSI23200MBeCW160128 (+3.42%)

HSI21200MBePW160128 (-8.25%)

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
                                Wednesday                                   Tuesday
*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


Trade Summary
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.

Trading Summary

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%            
               HIGH     577.03            
                LOW     571.01            

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.
 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

Today's  Stories                           December 2 , 2015 Subsribe Now !
• Paving the way for new SMEs Subcribe: Asean Affairs Global Magazine
• Ministry, BIDV sign $105m loan
• RI seeks closer ties with China on renminbi
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• ACE Life eyes solid growth next year
VN lacking IT professionals 
Asean Analysis                   November 20, 2015
• Asean Analysis November 20, 2015
TPP: a fair Free-Trade Agreement?
Advertise Your Brand

Asean Stock Watch  December 1,  2015
• Asean Stock Watch-December 1, 2015
The Biweekly Update
• The Biweekly Update November 13, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


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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