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ASEAN STOCK WATCH Asean Affairs  3 February 2014 

03 February 2014
The Straits Times Index (STI) ended -56.98 points lower or -1.87% to 2990.95, taking the year-to-date performance to -5.50%.
The FTSE ST Mid Cap Index declined -0.67% while the FTSE ST Small Cap Index declined -0.41%. The top active stocks were SingTel (-1.13%), DBS (+0.43%), OCBC (-1.40%), Keppel Corp (-0.96%) and UOB (-1.10%).
The outperforming sectors today were represented by the FTSE ST Utilities Index (+0.44%). The two biggest stocks of the FTSE ST Utilities Index are Hyflux (-0.87%) and HanKore (+0.91%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -1.92% with Midas Holdings’ share price declining -2.17% and Geo Energy Resources’ share price declining -1.56%. The FTSE ST Financials Index declined -0.76%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Straits Times Index ETF (-0.65%), DBS Singapore STI ETF (-0.65%), FTSE China A50 ETF (-0.67%).
The three most active Real Estate Investment Trusts (REITs) by value were Fortune REIT (-0.33%), Ascendas REIT (-1.41%), CapitaMall Trust (-1.34%).
The most active index warrants by value today were STI 3150MBePW140430 (+7.14%), STI 3100BPePW140227 (+2.99%), STI 2950MBePW140430 (+6.25%).
The most active stock warrants by value today were DBS MB eCW140502 (unchanged), DBS MB ePW140401 (-5.59%), DBS MB eCW140303 (+5.88%).
Singapore Stock Market
                                Monday                Thursday
*ST Index         2,990.95  -36.27    3,027.22  -20.71
Volume:                1,515.2M              1,630.3M
Value:                       $948M            $1,023.8M
Gainers/Losers:        138/274                 130/249
 JAKARTA, Feb 3  - Indonesian shares  were down 0.38 percent at midday on Monday, having recovered partly from a 0.93 percent drop earlier, after government data showed higher-than-expected December trade surplus.
Indonesia posted a trade surplus of $1.52 billion in December, putting the trade balance in the black for a third straight month and relieving pressure on the ailing rupiah.
The agriculture  and trading  indexes led the recovery, rising 0.81 percent and 0.21 percent respectively. Blue chips  fell 0.53 percent, dragging down the broader index.
Palm oil producers London Sumatra  and Astra Agro Lestari  were up 2.1 and 1.3 percent respectively, while mobile phone producer Erajaya Swasembada  rose 4.2 percent.
"CPO price is up by 1.5 percent, supported by USDA's report on Indonesia 2013/2014 CPO with slightly lower estimate on supply of 32.76 million tons, while production estimate is maintained at 31 million tons. At this stage, two of our top picks in the plantation sectors are AALI and LSIP," Jakarta-based Bahana Securities said in a note on Monday. 
Trade Summary
Date As of: 03 February 2014
Description          Volume                            Value       Frequency
ETF                      25,800                     8,608,500                 89
Stock        3,738,476,531       3,866,313,671,732        176,749
Right                            00                                 00                 00
Warrant          90,927,200              4,526,546,500            3,210
Total 3,829,429,531      3,870,848,826,732 180,048
Thailand Futures Exchange improves SET50 futures contract size in May
Bangkok, Jan 31, 2014 - The Thailand Futures Exchange PCL, under The Stock Exchange of Thailand (SET) group, announced that it will modify its SET50 futures contract to have a smaller contract size on May 6, 2014. The new size of SET50 futures will increase liquidity to the product and reduce the capital
outlay, enabling more investors to participate.
TFEX is continually improving its products to better serve investor needs, TFEX  Managing Director Kesara Manchusree said. Since TFEX started trading SET50 futures in April 2006, SET50 Index had been at its lowest at around 300 points.
The Index has dramatically increased over time, reaching its highest point last year at 1,092.27, so the SET50 futures notional value increases more than 3 times. Also, SET50 Index fluctuation means that investors need to deposit higher margins in order to trade. The new SET50 futures, or mini-SET50 futures, will have a contract size that is one-fifth that of the existing product. The contract multiplier will be reduced from THB 1,000 per index point to THB 200 per index point, resulting in a drop in size to about THB 200,000. Initial margins and exchange fees will be reduced by the same proportion", Kesara added.
TFEX, Thai Clearing House, and TFEX members are preparing to launch mini-SET50  futures on the same day as the launch of new derivatives trading system.
Derivatives markets in United States and Asia, eg. India, Hong Kong, Singapore  and Taiwan, also reduce their contract sizes when their indices double, normally to one-fifth, but in some markets, contracts were reduced to half or one-tenth of their former size. Mini-SET50 futures will also become the same size as SET50 options. Therefore, investors can develop strategies using SET50 futures and options, together with other products based on SET50 Index components as their underlying assets more easily.
Trading Summary
As of  3 February 2014         Unit: M.Baht
Type                     Buy                 Sell                Net
Institution        4,336.45       2,269.25       2,067.20
Proprietary        3,233.65       2,387.49          846.16
Foreign             5,641.60       8,647.55     -3,005.95
Individual        12,606.08     12,513.50            92.58
Total Trading Value 25,817.79 M.Baht
Thai stocks hit one-week highs in light volume on Monday as short-sellers bought back shares after the weekend poll passed without violence, while shares in  Singapore fell to their lowest since November 2012 amid weakness in Asia. 
The key SET index    closed up 1.5 percent at 1,292.81, its highest level since Jan. 24, led by telecoms firm Advanced Info Service  and Airports of Thailand  , which was among recently-battered tourism stocks. 
Singapore   dropped 1.2 percent to 2,990.95 while MSCI's broadest index of Asia-Pacific shares outside Japan  eased 0.4 percent by 0949 GMT.   
 Indonesia  and the Philippines   ended down, with foreign investors selling a net 453 billion rupiah ($37 million) and 806.6 million peso ($17.80 million), respectively, stock exchage and Thomson Reuters data showed.  
Thai underperformance lured domestic buyers, although the domestic risks pointed to near-term weakness, with data showing foreign investors selling shares worth a net 3 billion baht ($90.88 million) while domestic institutions led buyers. 
Thai shares had fallen 12 percent in the three months to January, the region's worst performer, due to the protracted political crisis.  
CIMB Securities (Thailand) maintained its 2014 SET index target at 1,500, based on a forward price-to-earnings multiple of 11, which was the market's last upcycle average. 
 "Although there was no serious outbreak of violence with only a few disruptions during yesterday's election, political uncertainties are here to stay, in our view, as the Election Commission cannot announce official results for some time and there are several political minefields ahead," the broker said. 
Malaysia   was shut for a market holiday and Vietnam   remained closed for the country's Lunar New Year festival, reopening on Feb. 6. 
 Market                           Current     Prev Close      Pct Move 
 TR SE Asia Index*         377.42         377.69             -0.07 
 Singapore                     2990.95       3027.22             -1.20 
 Bangkok                       1292.81       1274.28            +1.45 
 Jakarta                          4386.26       4418.76             -0.74 
 Manila                           6015.30       6041.19             -0.43 

Today's  Stories    February 4, 2014 Subsribe Now !
• Protesters continue post-poll demonstration Subcribe: Asean Affairs Global Magazine
• Rice farmers go to polls disappointed with Puea Thai govt
• RI’s trade surplus hits highest level since 2011: BPS 
Research Reports
on Thailand 2007-2008

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

• Food distribution affects January’s inflation, BPS says 
• Direct Japan flights set to take off later in year: PM
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• Asean Stock Watch-February 3, 2014
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The Biweekly Update
• The Biweekly Update  January 24, 2014

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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