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ASEAN STOCK WATCH Asean Affairs  14 January 2014 


Singapore

14 January 2014

The Straits Times Index (STI) ended -11.74 points lower or -0.37% to 3123.75, taking the year-to-date performance to -1.30%.

The FTSE ST Mid Cap Index declined -0.67% while the FTSE ST Small Cap Index gained +0.18%. The top active stocks were SingTel (-1.13%), OCBC (-0.31%), DBS (-0.12%), UOB (-1.10%) and Wilmar International (-1.81%).

The outperforming sectors today were represented by the FTSE ST Basic Materials Index (+2.42%). The two biggest stocks of the FTSE ST Basic Materials Index are Midas Holdings (-1.00%) and Geo Energy Resources (+3.13%). The underperforming sector was the FTSE ST Health Care Index, which declined -1.59% with Raffles Medical Group’s share price declining -0.65% and Biosensors International Group’s share price declining -2.72%. The FTSE ST Financials Index declined -0.40%.

The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+0.17%), Lyxor ETF Nasdaq (-1.05%), Nikko AM Singapore STI ETF (-0.63%).

The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (unchanged), Ascendas REIT (-0.92%), CapitaMall Trust (-0.54%).

The most active index warrants by value today were HSI22800MBeCW140227 (-2.61%), HSI22400MBePW140227 (-3.75%), HSI23200MBePW140227 (+2.07%).

The most active stock warrants by value today were DBS MB eCW140502 (-5.88%), UOB MB eCW140303 (-13.46%), KepCorp MBeCW140701 (-8.33%).

    
Singapore Stock Market
                            Tuesday                  Monday
*ST Index     3,123.75  -11.74     3,135.49  -8.38
Volume:               2,746M                    3,398M
Value:                $991.2M                  $825.1M
Gainers/Losers:   169/234                    169/245


Thailand

Thai bourse market report for December 2013
 
-    Daily average trading volume down 26 pct month-on-month to USD 867 mln
-    Market cap at THB 11.50 trillion, down 2.83 pct from end-2012
-    Derivatives trading up 11.7 pct month-on-month at 56,642 contracts per day
 
BANGKOK, January 14, 2014 - The Stock Exchange of Thailand (SET) securities trading volume in December, 2013 dropped 25.5 percent from a month ago as market
sentiment was undermined by domestic political unrest, although the economic recovery of the U.S., Japan, and European countries drew investors back to those  stock markets.
 
The SET main index ended December at 1,298.71 points, down 6.70 percent in 2013.

However, the index hit the highest level at 1,643.43 (on May 21, 2013) in 20 years and made a record high of average daily trading value since the market
established at THB 51 billion (USD1.6 billion) for the whole year. Foreign investors were net sellers of Thai shares worth USD 5.9 billion in 2013.
 
Combined average daily trading volume of SET and Market for Alternative  Investment (mai) was at THB 28.6 billion (approx. USD 867 million), or down 25.5
percent from a month ago, while daily trading volume of derivatives rose 11.7 percent from a month ago at 56,642 contracts per day.
 
Securities
 
- Market capitalization of the SET was at THB 11.5 trillion (USD 348.4 billion), down 2.83 percent from the end of 2012, while market valuation of the mai was
at THB 177.37 billion (USD 5.37 billion), up 33.34 percent.

- The forward P/E ratio for the SET was at 13.36 times, down from 15.55 a year  ago, but higher than the average of 13.62 times in the region, while mai's
forward P/E ratio increased to 21.24 times from 15.60 a year ago.

- The dividend yield of the SET was at 3.42 percent at the end of December, while mai's was at 1.80 percent.

- In 2013, average daily trading value rose to an all-time high of THB51 billion  (USD1.6 billion).

- Foreign investors were net sellers, selling Thai shares worth a net USD 1.24  billion in December.

They sold a net THB194.7 billion for the whole of 2013, especially throughout the last three quarters of 2013, while retail and institutional investors were net buyers.

- Listed companies raised funds through equity worth a combined THB 339.9  billion in 2013, up 31.7 percent in 2012. Of that, THB 191.6 billion was raised
from initial public offerings (IPOs) of 31 companies and seven property funds, and THB 148.3 billion was raised from the secondary market.
 
Derivatives
 
-Derivatives trading volume rose 11.7 percent in December from a month earlier  to an average of 56,642 contracts per day. For the whole of 2013, trading volume
rose 55.21 percent to an all-time high of 68,017 contracts per day on average, mostly due to rises of single stock futures and SET50 index futures.
- Single stock futures traded a total of 34,351 contracts per day on average,  while SET50 index futures traded a total of 23,218 contracts per day.
 
Trading Summary

As of  14 January 2014         Unit: M.Baht
Type                         Buy             Sell                Net        
Institution           4,418.22       2,630.51        1,787.71     
Proprietary         5,498.31      4,841.47           656.84     
Foreign              8,037.16      9,565.82       -1,528.66     
Individual         17,140.39     18,056.28        -915.89     
Total Trading Value        35,094.08 M.Baht     

                                               
Vietnam
Vietnam's benchmark VN Index   ended up 0.23 percent on Tuesday led by gains in large-cap firms, with analysts expecting more gains this week.
    
Shares of steel producer Hoa Phat Group   rose 3.93 percent to a record high closing price of 45,000 dong ($2.1).

HPG has been attracting foreign investors recently, said Le Dac An, an analyst at Tan Viet Securities. The company is likely to
post solid corporate earnings for 2013, analysts said.

Petrovietnam Drilling and Well Services Co  also climbed 3.01 percent while Hanoi-based lender Vietcombank  advanced 0.73 percent.
    
The VN Index is expected to rise further until the end of this week, analysts said. It closed the day's session at 522.31 points, having gained eight days in a row since Jan. 3, according to Reuters data.

Here is a snapshot of the VN Index  at the close

                         VN Index       522.31             
                 PREV. CLOSE       521.11             
                    % CHANGE        0.23%             
                                                   
                     HIGH       524.59             
                      LOW       520.63  



Asean

Thai shares rose for a second day in moderate volumes on Tuesday amid selective buying in beaten-down large caps while stocks in Singapore and the
Philippines slipped into negative territory in line with Asian stock weakness.
    
Thai key SET index  climbed 1 percent, building on Monday's 2.2 percent rise, to 1,295.87, the highest close in more than two weeks. Tourism related stocks such as Airports of Thailand    jumped 4.3 percent after earlier falls.

The Thai baht touched a near three-week high on Tuesday as investors covered short positions in the wake of large-scale anti-government protests in Bangkok which have so far remained peaceful.  

Emerging markets fund manager Mark Mobius said Thailand's past resilience to crises made him committed to its economy.

Singapore's Straits Times Index  was down 0.4 percent, the Philippine main index  ended a tad 0.1 percent lower while MSCI's broadest index of Asia-Pacific shares outside Japan  slipped 0.6 percent.
   
Philippine bourse said foreign investors were net buyers of 66.2 million peso ($1.48 million).
    
Vietnam's benchmark VN Index  ended up 0.23 percent, extending its gain for an eighth sessions, at 522.31, the highest close in seven months.
   
Stocks in Malaysia  and Indonesia  were shut for a public holiday.
     
SOUTHEAST ASIAN STOCK MARKETS

 Market                              Current     Prev Close    Pct Move
 TR SE Asia Index*            387.82            387.36        +0.12
 Singapore                         3123.75          3135.49        -0.37
 Bangkok                          1295.87          1283.56        +0.96
 Manila                              5935.56          5940.67        -0.09
 Ho Chi Minh                      522.31             521.11       +0.23



 
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ASEAN  ANALYSIS

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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