ASEAN KEY DESTINATIONS
04 December 2015
The Straits Times Index (STI) ended 4.84 points or 0.17% lower to 2879.05, taking the year-to-date performance to -14.45%.
The top active stocks today were DBS, which declined 0.24%, SingTel, which closed unchanged, UOB, which gained 0.46%, OCBC Bank, which closed unchanged and CapitaLand, with a 0.31% advance.
The FTSE ST Mid Cap Index declined 0.21%, while the FTSE ST Small Cap Index rose 0.07%.
The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 0.76%. The two biggest stocks of the Index - Keppel Corp and Sembcorp Industries – ended 0.46% higher and 1.97% higher respectively.
The underperforming sector was the FTSE ST Industrials Index, which slipped 0.88%. Jardine Matheson Holdings shares declined 0.20% and Jardine Strategic Holdings rose 0.44%.
The three most active Exchange Traded Funds (ETFs) by value today were:
Spdr Gold Shares (+0.89%)
Sti Etf (-0.68%)
Is Msci India 100 (-1.50%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Ascendas Reit (-2.49%)
Capitamall Trust (-1.29%)
Suntec Reit (-0.95%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
KepCorp MBeCW160222 (-2.67%)
DBS MB eCW160404 (-6.25%)
OCBC Bk MBeCW160111 (-4.69%)
Singapore Stock Market
*ST Index 2,879.05 -4.84 2,883.89 +0.25
Volume: 1,188.5M 1,024.1M
Value: $771.2M $955.3M
Gainers/Losers: 158/192 182/222
Daily Market Commentary (Securities)
04 December 2015
The FBM KLCI index lost 6.05 points or 0.36% on Friday. The Finance Index fell 0.21% to 14090.33 points, the Properties Index dropped 0.05% to 1191.64 points and the Plantation Index down 0.56% to 7430.38 points. The market traded within a range of 5.97 points between an intra-day high of 1673.11 and a low of 1667.14 during the session.
Actively traded stocks include INSTACO, GENETEC, XOX, INSTACO-WB, BORNOIL-WC, HIBISCS, WINTONI, BORNOIL, EFFICEN and APFT. Trading volume decreased to 1572.50 mil shares worth RM1597.07 mil as compared to Thursday’s 2041.00 mil shares worth RM1837.02 mil.
Leading Movers were RHBCAP (+8 sen to RM6.00), KLCC (+6 sen to RM7.04), TM (+3 sen to RM6.60), PETCHEM (+2 sen to RM6.75) and DIGI (+1 sen to RM5.07). Lagging Movers were SIME (-19 sen to RM7.72), YTL (-3 sen to RM1.51), HLBANK (-18 sen to RM12.80), BAT (-72 sen to RM57.88) and GENM (-5 sen to RM4.30). Market breadth was negative with 347 gainers as compared to 424 losers.
The KLCI ended the week on a negative note, closed lower at 1667.87 points amid overnight losses in Wall Street after Federal Reserve Chairman Janet Yellen signaled the economy is ready for higher borrowing cost.
Date As of: 04 December 2015
Description Volume Value Frequency
ETF 107,000 13,487,500 12
Stock 5,585,749,723 5,147,289,490,123 199,739
Warrant 1,980,000 144,771,900 192
Total 5,587,836,723 5,147,447,749,523 199,943
Thai bourse to list Star Petroleum Refining on December 8
BANGKOK, December 4, 2015 -The Stock Exchange of Thailand (SET) will list Star Petroleum Refining pcl, one of Thailand's top refiners, on December 8, under the ticker symbol "SPRC" as it met listing requirement following market capitalization criteria. The company has a market capitalization at its initial public offering (IPO) of THB 39.02 billion (approximately USD 1.08 billion).
SET Executive Vice President Santi Kiranand said that SPRC would list and start trading on SET in Resources industry group, Energy sector on December 8. SPRC was one of Thailand's top refiners with refining capacity of 165,000 barrels per day or roughly around 13.2 percent of Thailand's refining capacity. SPRC products included liquefied petroleum gas (LPG), premium and regular gasoline, diesel, jet fuel, and fuel oil. Moreover, SPRC also offered feedstock in petrochemical operations. SPRC products were sold onshore and offshore.
SPRC has a paid-up registered capital of THB 30 billion; consisting of 4,102.95 million existing shares and 232.95 million newly issued shares, with a par value of THB 6.92 each. It offered 1,475.45 million newly issued shares and vendor shares from PTT pcl, consisting of 1,439.72 million shares to the general public via IPO, and 35.73 million shares to SPRC's executives and employees (ESOP) at THB 9.00 each. SPRC's total of fundraising
value was THB 2.09 billion with market capitalization of THB 39.02 billion at IPO. Bualuang Securities pcl, Finansa Securities Co., Ltd., Phatra Securities pcl, and The Siam Commercial Bank pcl are its financial advisors, while Bualuang Securities pcl, Finansa Securities Co., Ltd., Phatra Securities pcl, and SCB Securities Co., Ltd. are its underwriters. SPRC Chief Executive Officer William
Lewis Stone said that the listing of SPRC on SET was a great opportunity for the general public to own shares of one of Thailand's top refiners and to become part of the next phase of business development with strengthened capital structure. SPRC's objective through the IPO process is to ensure that our offering presents a long-term, stable investment opportunity for our investors.
The fund raised would be used to pay back debt from previous company restructuring and as working capital.
SPRC's three major shareholders after IPO are Chevron South Asia Holdings Pte. Limited (60.56 percent), Merrill Lynch International as SPRC's initial purchaser (10.17 percent), and PTT pcl (5.41 percent). The IPO price was determined via various methods such as discounted cash flow analysis, market comparable and pre-deal investor education. However, investors may compare pricing to its price to book value ratio (P/BV) which is calculated using its book value of Q3/2015 divided by the number of shares before the offering which is equal to 1.11 times. Moreover, SPRC's net profit as of 9M/2015 is equal to THB 6 billion. SPRC's dividend payment policy is to pay
no less than 50 percent of net profit after taxes and reserves.
As of 4 December 2015 Unit: M.Baht
Type Buy Sell Net
Institution 3,787.78 3,540.54 247.24
Proprietary 3,130.22 3,346.23 -216.02
Foreign 9,472.80 10,031.81 -559.01
Individual 18,326.58 17,798.79 527.79
Total Trading Value 34,717.37 M.Baht
Vietnam index ends down 0.5 pct, volume at 9-wk low
Vietnam's benchmark VN Index .VNI ended lower on Friday with volume hitting a nine-week low amid a lack of supportive news, while a possible U.S. interest rate hike kept a lid on the market.
Most blue chips lost ground, led by banks and property firms. Vietcombank VCB.HM , the country's biggest listed lender by market value, dropped 0.7 percent and property firm Vingroup VIC.HM fell 1.17 percent.
Volume fell to 87.3 million shares, the lowest since Oct. 2, while the index dropped 0.48 percent, taking the total weekly decline to 1.93 percent, slowing from a 3.57-percent fall last week.
The market, Southeast Asia's best performer this year, is expected to fluctuate between 570-575 points in the next few sessions, BIDV Securities said in a note to clients.
Here is a snapshot of the VN Index .VNI at the close
VN Index 571.62
PREV. CLOSE 574.38
% CHANGE -0.48%
SE Asia Stocks - Most fall on week; Thai SET at over 3-month low
Southeast Asian stock markets fell on Friday ahead of U.S. jobs data and after disappointment over the European Central Bank's stimulus package, with the Thai index falling on the week amid selloffs in select large-caps ahead of a three-day weekend.
The Thai SET index .SETI eased 0.5 percent to 1,333.57, the lowest close since Aug. 26. It dropped 2.2 percent on the week, making it the region's worst performer.
The Thai stock market will be closed on Monday for a public holiday.
Thai Union Group TU.BK shed 2.6 percent after it scrapped a plan to buy U.S. Bumble Bee, while CP All CPALL.BK hit the lowest close since May after a fine imposed on its top executives for insider trading.
Most other sharemarkets posted losses on the week, with focus in the region also shifting to U.S. nonfarm payrolls to be released later in the day for an indicator of the U.S. Fed's move on interest rates.
Asian shares joined a global market slump on Friday after the European Central Bank's stimulus package fell well short of expectations.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 2879.05 2883.89 -0.17
Kuala Lumpur 1667.87 1673.92 -0.36
Bangkok 1333.57 1340.62 -0.53
Jakarta 4508.45 4537.38 -0.64
Manila 6921.93 6994.10 -1.03
Ho Chi Minh 571.62 574.38 -0.48