ASEAN KEY DESTINATIONS
24 February 2015
The Straits Times Index (STI) ended +16.31 points higher or +0.48% to 3437.61, taking the year-to-date performance to +2.15%.
The FTSE ST Mid Cap Index gained +0.12% while the FTSE ST Small Cap Index gained +0.27%. The top active stocks were SingTel (+2.89%), DBS (+0.61%), OCBC Bank (+0.47%), UOB (+0.26%) and Keppel Corp (+0.46%).
The outperforming sectors today were represented by the FTSE ST Telecommunications Index (+2.58%). The two biggest stocks of the FTSE ST Telecommunications Index are SingTel (+2.89%) and StarHub (+0.46%). The underperforming sector was the FTSE ST Industrials Index, which declined -0.56% with Jardine Matheson Holdings’ share price declining -1.70% and Jardine Strategic Holdings’ share price declining -0.45%.
The three most active Exchange Traded Funds (ETFs) by value today were the Nikko AM Singapore STI ETF (-0.29%), IS MSCI India (-0.13%), SPDR Gold Shares (+0.48%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (+1.89%), Ascendas REIT (+1.64%), CapitaCom Trust (unchanged).
The most active index warrants by value today were HSI25000MBeCW150330 (-7.22%), HSI24200MBePW150429 (+2.94%), HSI25000MBeCW150429 (-7.69%).
The most active stock warrants by value today were OCBC Bk MBeCW150803 (-2.44%), Ezion MBeCW151102 (-8.14%), DBS MB eCW150915 (unchanged).
Singapore Stock Market
*ST Index 3,437.61 +16.31 3,421.3 -14.36
Volume: 1,074.9M 1,068.3M
Value: $1,247.2M $1,281.9M
Gainers/Losers: 226/194 224/214
Daily Market Commentary (Securities)
23 Feb 2015
The FBM KLCI index gained 9.29 points or 0.51% on Tuesday. The Finance Index increased 0.06% to 15880.58 points, the Properties Index up 0.73% to 1332.72 points and the Plantation Index rose 0.17% to 8119.27 points. The market traded within a range of 7.23 points between an intra-day high of 1819.24 and a low of 1812.01 during the session.
Actively traded stocks include ASIABIO, RA, WINTONI, DGSB, KANGER, PERISAI, HUBLINE, TAKASO, RGB and FRONTKN. Trading volume decreased to 2178.41 mil shares worth RM2116.71 mil as compared to Monday’s 2470.86 mil shares worth RM1836.40 mil.
Leading Movers were MISC (+47 sen to RM8.05), FGV (+10 sen to RM2.94), GENTING (+27 sen to RM9.03), PETGAS (+46 sen to RM23.00) and IHH (+10 sen to RM5.39). Lagging Movers were MAXIS (-14 sen to RM7.06), GENM (-6 sen to RM4.10), HLFG (-18 sen to RM16.42), HLBANK (-6 sen to RM14.20) and PPB (-6 sen to RM14.58). Market breadth was positive with 432 gainers as compared to 409 losers.
The FBM KLCI index increased 9.29 points or 0.51% to 1818.68 points on Tuesday as trading sentiment was largely influenced by anticipating quarterly financial result announcements from some of the index-linked companies.
Date As of: 24 February 2015
Description Volume Value Frequency
Total 6,944,877,217 6,277,454,032,947 233,798
ETF 37,900 32,096,400 297
Stock 6,919,042,843 6,276,774,963,673 232,816
Right 17,978,474 21,223,574 96
Warrant 7,818,000 625,749,300 589
Thai bourse to list S11 Leasing on Feb 25
BANGKOK, February 24, 2015 -The Stock Exchange of Thailand (SET) will list S 11 Group pcl, a motorcycle hire purchase finance company, on February 25, under the ticker symbol "S11". The company has a market capitalization at its initial public offering (IPO) of THB 3.25 billion (approx. USD 98.45 million).
SET Executive Vice President Chanitr Charnchainarong said, S 11 Group pcl would list in the Finance & Securities sector on SET. The company was a motorcycle hire purchase finance company focusing on retail customers for new motorcycles of such popular brands as Honda, Yamaha, Suzuki and Kawasaki, providing services in Bangkok, suburbs and many provinces in Thailand covering Chonburi, Ayudhya, Chachoengsao, Rayong and Chanthaburi, as well as through its network of 139 branches.
S 11 has a paid-up registered capital of THB 613 million, consisting of 533 million existing common shares and 80 million newly issued shares, with a par value of THB 1 each. During February 11-13, the company offered newly-issued shares to the general public via IPO, at THB 5.3 each, for a total of THB 424 million. Trinity Advisory 2001 Co., Ltd. is its financial advisor, while Trinity Securities Co.,Ltd and UOB Kayhian Securities (Thailand) pcl are its underwriters.
S11 Managing Director Surasak Khemthongkham said the company was honored and really pleased to list on SET. The fund raised would be used as working capital to strengthen company's financial status. S11's executives had more than 20 years of experience with deep knowledge and understanding of the industry. As such, this listing would support the company to expand its market share corresponding to future business growth in the long run.
S11's three major shareholders after the IPO are Samart Chiradamrong group (30.01 percent), Richard Wee Keng Kwok group (15.82 percent) and Sirawat Wanglee group (9.96 percent). The IPO price was set by a booking building process and equivalent to price per earnings ratio (P/E ratio) of 20.38 times.
S11'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 0.26. S11's dividend policy is to pay no less than 40 percent of net profits after taxes and reserves.
As of 24 Feb 2015 Unit: M.Baht Unit: M.Bah
Type Buy Sell Net
Institution 4,194.46 4,270.44 -75.98
Proprietary 4,917.91 4,996.31 -78.40
Foreign 9,617.03 10,163.42 -546.38
Individual 39,280.42 38,579.66 700.76
Total Trading Value 58,009.82 M.Baht
Vietnam index above 3-mth high, VCB stock hits record
HANOI, Feb 24 - Vietnam's benchmark VN Index climbed 1.65 percent to end at its highest since Nov. 17 on Tuesday, with lender Vietcombank outperforming the market on foreign purchase.
Solid overseas inflows into Hanoi-based Vietcombank, Vietnam's top lender by market value, boosted the shares near the daily limit, closing up 6.85 percent at a record high of 39,000 dong ($1.83), Reuters data showed.
Vietcombank is 15 percent owned by Mizuho Corporate Bank, its strategic partner, while Vietnam caps foreign ownership at 30 percent of a local lender.
VietinBank , the country's biggest partly-private lender by assets, and BIDV both climbed near their highest in a month, as robust trade in banking shares lifted subdued volume in other sectors.
Despite a seven-month low volume on the first trading day after the Feb. 16-23 Lunar New Year break, more than half of the index constituents advanced, including property firm Vingroup and food producer Masan Group .
Analysts expected the index to further rise, supported by foreign investors' extended purchases.
Here is a snapshot of the VN Index at the close
VN Index 596.95
PREV. CLOSE 587.24
% CHANGE 1.65%