Sign up | Log in




Home  >>  Daily News  >>  ASEAN STOCK WATCH

ASEAN STOCK WATCH Asean Affairs   3  February 2011

Flat Day in ASEAN

Shayne Heffernan

Light volume in ASEAN will not help markets today and it is possible investors who are buying will be very selective. Chinese New Year has taken over Asia and markets remain under pressure from a lack of interest. US markets traded flat despite good news and that will not inspire local buying today.

In Singapore the Straits Times Index (STI) closed up 26.38pts at 3,211.12. The Singapore market will be closed on Thursday and Friday for the Chinese New Year. The total value of shares traded was S$1 billion, up from S$660 million in the morning session on Tuesday. Palm oil stocks rallied as Malaysian palm oil futures rose to a three-year high on supply concerns after floods partially submerged oil palm estates in Malaysia.

Shayne Heffernan strong buys Golden Agri-Resources and Indofood Agri rose around 2 percent each, while Wilmar International gained 1.5 percent.

Genting Singapore rose as much as 3.9 percent on expectations it will post better fourth quarter result compared to the previous quarter.

Genting Singapore closed at S$2.13 with 73.3 million shares traded.

In Manila Philippine Stock Exchange index rallied 60.58 points to finish at 3,891.07. The day’s upswing at the local market was led by the holding firm and property counters, which jumped by 2.45 percent and 2.38 percent, respectively, while all other counters were up by over 1 percent.

Chinese New Year slowed trading and volume was light. Strong buying on Banco de Oro Unibank Inc., Alliance Global Group Inc., Aboitiz Power Corp., Manila Electric Co., Jollibee Foods Corp., Ayala Corp., Filinvest Land Inc., Ayala Land Inc., Manila Mining Corp., Metropolitan Bank & Trust Co.,

Fil-Estate Land Inc., Energy Development Corp., Semirara Mining Corp., Megaworld Corp., DMCI Holdings Inc. and Leisure & Resorts World Corp. lifted the market.

Philippine Long Distance Telephone Co. and SM Investments Corp. traded in the red yesterday and remain bargains.

The Stock Exchange of Thailand (SET) composite index went up 18.15 points or 1.89 percent to close at 977.84 points at the end of trading session on Wednesday afternoon. The trade value was 17.48 billion baht.

More than 2.3 million passengers are expected to use the airport between Feb 1 and 13, or a daily average of 180,000, the highest since Suvarnabhumi opened in September 2006, says Airports of Thailand Plc (AoT).

Seventy-eight percent of the passengers will be international travelers, mostly from China, Hong Kong and Taiwan, who come to Thailand to celebrate the Year of the Rabbit. Airlines and charter operators are adding 467 flights during the period, and 65 percent of them are routed from China, Hong Kong and Taiwan.

But 400,000 more arrivals are putting a strain on the airport’s ability to process passengers, and flyers are being advised to get to the airport three to four hours before boarding. Top five most active values were as follows;

PTT closed at 344.00 baht, up 6.00 baht (1.78 percent)

IVL closed at 39.50 baht, up 3.00 baht (8.22 percent)

PTTCH closed at 146.00 baht, up 6.00 baht (4.29 percent)

BANPU closed at 746.00 baht, up 18.00 baht (2.47 percent)

TOP closed at 68.00 baht, up 1.50 baht (2.26 percent)


Shayne Heffernan brings more than 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over US$500m and 1 that reach a peak market cap of US$15billion. He has managed and overseen start-ups in Mining, Shipping, Technology and Financial Services.


Comment on this Article. Send them to
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 





1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    3  February 2011 Subsribe Now !
• Foreigners in search of Indo gold
Subcribe: Asean Affairs Global Magazine
• Indonesia urged to up oil price estimate Asean Affairs Premium
• Total Malaysian trade In 2010 topped US$38.6 billion
• Malaysia ringgit unlikely to return to Pre-1997 Level
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• U.S. continues pressure on Myanmar
• Singapore to help residents
• Compromise key to untangle Thai telecom dispute
• Sugar giant invests in renewable project
Asean Analysis    3 February 2011 Advertise Your Brand
• A quiet day, except for firecrackers, in Asean Sponsor Our Events
Asean Stock Watch    3 February 2011
• Flat Day in ASEAN
Global News Impacting Asia    17 November 2010
• Bank of America sees Asian inflation
• Lloyd’s increases insurance push in Malaysia
• Wells Fargo analyst on euro
• Obama’s visit to Asia

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?

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

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand