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ASEAN STOCK WATCH Asean Affairs  20 January 2014 


20 January 2014

The Straits Times Index (STI) ended -18.54 points lower or -0.59% to 3128.79, taking the year-to-date performance to -1.14%.

The FTSE ST Mid Cap Index declined -0.20% while the FTSE ST Small Cap Index declined -0.49%. The top active stocks were Mirach Energy (+19.76%), SingTel (-0.85%), DBS (+0.06%), Ezra (-3.14%) and UOB (-0.54%).

The outperforming sectors today were represented by the FTSE ST Real Estate Investment Trusts Index (+0.13%). The two biggest stocks of the FTSE ST Real Estate Investment Trusts Index are CapitaMall Trust (unchanged) and Ascendas REIT (+1.40%). The underperforming sector was the FTSE ST Utilities Index, which declined -1.93% with Hyflux’s share price declining -0.43% and HanKore’s share price declining -4.35%.The FTSE ST Basic Materials Index declined -0.32%  The FTSE ST Financials Index declined -0.28%.

The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+0.83%), DBXT CSI300 ETF (-0.59%), DBXT FTSE Vietnam ETF (+2.39%).

The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (+1.40%), Suntec REIT (unchanged), CapitaCommercial Trust (-1.34%).

The most active index warrants by value today were HSI22800MBeCW140227 (-20.42%), HSI23200MBePW140227 (+17.86%), HSI23600MBeCW140227 (-22.67%).

The most active stock warrants by value today were KepCorp MBeCW140401 (-1.10%), KepCorp MBeCW140701 (-2.17%), DBS MB eCW140603 (unchanged).

Singapore Stock Market
                             Monday                   Friday
*ST Index     3,128.79  -18.54     3,147.33  +6.89
Volume:               3,071M                  2,457.9M
Value:                $830.2M                $1,044.2M
Gainers/Losers:   146/272                     219/181


Daily Market Commentary (Securities)
20 Jan 2014

The FBM KLCI index lost 5.42 points or 0.30% on Monday. The Finance Index fell 0.25% to 16622.14 points, the Properties Index dropped 0.50% to 1279.98 points and the Plantation Index down 0.04% to 8480.02 points. The market traded within a range of 8.49 points between an intra-day high of 1809.80 and a low of 1801.31 during the session.

Actively traded stocks include BLOOSMO, IRIS, PDZ, XDL-WA, TIGER-WB, KRETAM, DAYA, TANCO-LR, TALAMT and XDL. Trading volume decreased to 1557.70 mil shares worth RM1732.81 mil as compared to Thursday’s 1711.68 mil shares worth RM2184.75 mil.

Leading Movers were GENM (+6 sen to RM4.36), FGV (+5 sen to RM4.40), IOICORP (+2 sen to RM4.16), MAYBANK (+1 sen to RM9.81) and DIGI (+1 sen to RM4.75). Lagging Movers were SKPETRO (-11 sen to RM4.56), GENTING (-12 sen to RM10.08), YTL (-4 sen to RM1.52), TENAGA (-6 sen to RM11.40) and IHH (-5 sen to RM3.75). Market breadth was negative with 278 gainers as compared to 541 losers.

The KLCI end 5.42 points lower at 1807.59 after hitting an intra-day low of 1801.31. The decline was mainly due to losses in Genting and TNB. The performance of our benchmark index was in line with other Asian markets, amid slower economy growth posted by China.


Thai bourse announces winners of 16th Settrade Youth Music Competition
BANGKOK, January 20, 2014 - The Stock Exchange of Thailand (SET), in conjunction with the College of Music, Mahidol University, recently announced the winners of  the 16th  Settrade Youth Music Competition, focusing on youths with musical talent. The project aims to encourage young musicians to explore and cultivate their talent and potential up to international standards.

The competition creates opportunities for students from primary school through  undergraduate levels, aged not over 25, to join. Contestants can perform in any type of music using non-electronic instruments, including singing.

The winners were elementary school student and pianist Pornapas Kijoran; secondary school student Sarocha Kaophong, playing a Thai musical instrument called small gong circle; high school student Pakin Kanhasiri, playing a clarinet, and undergraduate and classical guitarist Natdanai Phuaphanprasong.

SET President Charamporn Jotikasthira said that the contest, held for the eighth year, was a SET activity demonstrating its corporate social responsibility, as SET continuously supported activities enhancing youth potential. This music contest has proven to effectively encourage youth to utilize their free time productively. Realizing the importance of youth as a core national human resource, SET is delighted to be part of the nation's strategic youth development program of musical talent via this competition.

"I'm really impressed with the talent of Thai youth today, especially the  outstanding performance of all winners of this competition. All of us at SET are
sincerely committed to encouraging all contestants to keep enhancing their musical efforts. This competition has proved that the youths have strong
patience, discipline and commitment in practicing to gain international recognition and becomeing the pride of the country," Charamporn added.

The winners were selected from 40 youths who reached the final round, screened  from 300 youths nationwide. The awards are worth a total of THB 1 million, including gold medals, certificates, and scholarships from Mahidol University.

Trading Summary

As of  20 January 2014         Unit: M.Baht
Type                       Buy                     Sell                Net        
Institution            1,165.51          1,359.41           -193.90     
Proprietary         3,138.99          2,418.24             720.75     
Foreign               5,959.41          7,486.01         -1,526.60     
Individual            8,798.55          7,798.80             999.75     
Total Trading Value     19,062.46 M.Baht     

Vietnam's benchmark VN Index  climbed 1.85 percent to close at a high of more than four years on Monday, boosted by foreign buying in banking stocks and blue chips.

The index finished at 553.67 points, the highest since November 2009, buoyed by foreign investors' appetite for blue chips, a trend likely to continue in the short term, said Doan Thi Anh Nguyen, an analyst at Saigon-Hanoi Securities.

Foreign investors were net buyers of 1.07 trillion dong ($50.7 million) of equities from Jan. 1 to Jan. 17 on the Ho Chi Minh Stock Exchange, almost as much as the whole of January last year, exchange data showed.

Banking shares all gained after news that BIDV, Vietnam's second largest lender by assets, will debut on the Ho Chi Minh Stock Exchange on Friday.  
Sacombank  climbed 6.84 percent, top insurer Baoviet Holdings  rose 6.76 percent and property firm Vingroup  gained 4.83 percent.  
Those firms are all on the portfolio of the Market Vectors Vietnam   exchange-traded fund (ETF). Recent increases in the fund's premium will allow it to invest more, Nguyet said. It climbed 3.61 percent on Friday, Reuters data showed.

But there were more losers than gainers on the index on Monday, showing traders were profit-taking on speculative stocks, analysts said.
Property firm FLC   plummeted 5.95 percent and An Duong Thao Dien Real Estate Co  fell 3.8 percent.     More than 1.9 trillion dong ($90.1 million) in stock value were traded on the exchange on Monday, Reuters data showed.

Here is a snapshot of the VN Index   at the close

                      VN Index       553.67            
              PREV. CLOSE       543.59            
                 % CHANGE        1.85%            
                     HIGH       559.93            
                      LOW       548.22            


Thai stocks fell for a second straight session on Monday as foreign investors shed exposure to risky assets after violence over the weekend hit sentiment, while other Southeast Asian markets closed mixed amid concerns about a slowdown in the Chinese economy.
The Thai SET index  ended 0.4 percent, led by information technology and banking shares, while the baht  also slid due to political tension.  
Foreign investors sold a net $46.47 million worth of shares on Monday, extending the offshore outflow to $165.9 million in the last five straight sessions.  
Analysts expect foreign outflows to continue with Thai authorities "very seriously" considering a state of emergency after the weekend violence where protesters have been trying for more than two months to bring down the government.

Shares in Singapore  and Malaysia  closed 0.6 percent and 0.3 percent respectively with Kuala Lumpur witnessed a foreign outflow of $88.08 million as expectation of a sluggish growth in China dented investor appetite for risky assets.  

China's economy grew 7.7 percent in 2013 after easing in the final three months on sagging investment growth, while analysts expect a cool-down this year as the government wrestles to implement major reforms.

Bucking the trend, the Vietnam stock index , the region's best performer this year, outperformed the region with a 1.9 percent rise, while the Jakarta Composite Index  and the Philippines  ended 0.4 percent and 0.3 percent firmer, respectively.  

 Market                       Current     Prev Close    Pct Move
 TR SE Asia Index*      383.88        385.42        -0.04
 Singapore                  3128.79       3147.33        -0.59
 Kuala Lumpur            1807.59       1813.01        -0.30
 Bangkok                    1289.99       1295.41        -0.42
 Jakarta                       4431.57       4412.23       +0.44
 Manila                       6005.60        5987.09       +0.31
 Ho Chi Minh               553.67          543.59       +1.85

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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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