Sign up | Log in



Home  >>  Daily News  >>  ASEAN STOCK WATCH

ASEAN STOCK WATCH Asean Affairs 7 February 2013 

ASEAN Market Watch

The benchmark S&P 500 index has advanced 6 percent this year and reached to its highest since December 2007. The Dow industrials .DJI have risen above 14,000 recently, making it a challenge for investors to push stocks higher in the absence of strong positive catalysts.

According to Thomson Reuters data, of 301 companies in the S&P 500 that have reported earnings, 68.1 percent have exceeded analysts' expectations, above a 62 percent average since 1994 and 65 percent over the past four quarters. In terms of revenue, 65.8 percent of companies have topped forecasts.

Fourth-quarter earnings for S&P 500 companies are estimated to have risen 4.7 percent, according to the data, above a 1.9 percent forecast at the start of the earnings season.

China's January services Purchasing Managers Index was 54, up from 51.7 in December and reaching a four-month high, according to the HSBC Holdings plc released on Tuesday.

Increasing numbers of new service businesses and expanding job opportunities were the biggest contributors to the expansion.

"Following the growth bottoming out in the fourth quarter of 2012, that the GDP growth rebounded to 7.9 percent year-on-year, China's growth recovery is now on a firmer footing," said Qu Hongbin, chief China economist with HSBC.

"The brightening outlook is further supported by the ongoing manufacturing recovery and recent turnaround in labor market conditions," a research note from the bank said.

The HSBC figure is largely consistent with the non-manufacturing PMI released by the National Bureau of Statistics on Sunday, showing the five-month high of 56.2, because of the boosted domestic consumer retail industry.

Tokyo soared 3.37 percent, or 416.83 points, to 11,463.75—its highest close since September 2008 soon after the collapse of US bank Lehman Brothers and at the height of the financial crisis.

Sydney climbed 0.78 percent, or 38.3 points, to 4,921.0 and Hong Kong added 0.47 percent, or 108.40 points, to 23,256.93, while Shanghai ended flat, edging up 1.35 points to 2,434.48. But Seoul lost 1.99 points to close at 1,936.19.

– Mumbai’s Sensex index fell 0.10 percent, or 20.10 points, to 19,639.72.

The world’s biggest miner, Coal India, fell 2.03 percent to 342.4 rupees and engineering giant Bharat Heavy Electricals fell 1.72 percent to 208.55 rupees.

– Kuala Lumpur shares lost 1.18 percent, or 19.21 points, to close at 1,614.14.

Axiata Group dipped 2.1 percent to 6.16 ringgit, while CIMB Group Holdings fell 0.6 percent to 7.15. UMW Holdings gained 0.2 percent to 12.20 ringgit.

– Jakarta ended up 0.44 percent, or 19.54 points, at 4,498.98.

Asia Pacific Fibers rose 1.04 percent to 194 rupiah, Indofood Sukses Makmur climbed 4.96 percent to 6,350 rupiah, while carmaker Astra International slumped 0.66 percent to 7,550 rupiah.

– Singapore’s Straits Times Index closed up 0.12 percent, or 3.87 points, to 3,276.53.

DBS Group shed 1.58 percent to Sg$14.96 and Wilmar International dipped 2.90 percent to Sg$3.68.

– Bangkok lost 0.36 percent, or 5.37 points, to 1,500.35.

Kiatnakin Bank added 2.64 percent to 58.25 baht, while oil company PTT dropped 1.63 percent to 361 baht.

– Taipei rose 0.25 percent, or 19.71 points, at 7,906.65.

Taiwan Semiconductor Manufacturing Co. gained 1.94 percent to Tw$105.0 while Hon Hai Precision was 0.60 percent higher at Tw$83.6.

– Manila closed 0.60 percent lower, shedding 39.14 points to 6,431.35.

SM Prime Holdings lost 3.85 percent to 17.46 pesos, Alliance Global fell 0.24 percent to 20.45 pesos and Ayala Land gave up 2.31 percent to 29.60 pesos.

Shayne Heffernan Ph.D.
Economist/Hedge Fund Manager

Live Trading News
Thomson Reuters
Knightsbridge Law
Heffernan Capital Management
Heffernan Shipping

Chinese Society of Economists
American Economic Society
Linda Johnson, Business Development Director - Private Client Group, Heffernan Capital Management
3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408 Fax: +65 6329 9699
Email :
New York 347 5th Avenue, Suite 1402-508 NY, NY 10016


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 

Today's  Stories    7  February 2013   
Subsribe Now !
• AEC will level playing field for auto industry Subcribe: Asean Affairs Global Magazine
• Asean SG welcomes Denmark Ambassador Asean Affairs Premium
• 11th Meeting of AICHR press release
• Asean health ministers meet to tackle challenges
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Indian and Japanese IT firms eye Asean healthcare market
• China invests $9.17 bn in Cambodia
• ‘Filipinos most optimistic in Asean’, Survey
• MasterCard PayPass launched in Vietnam  
Asean Analysis              February 2013      Advertise Your Brand
• Asean Analysis- February 5, 2013  
• Asean Weekly- January 24, 2013 Sponsor Our Events

Asean Stock Watch      7  February 2013     

• Asean Stock Watch- February 7, 2013
• Asean Stock Watch-  February 5, 2013  

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






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

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