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ASEAN STOCK WATCH Asean Affairs  7 January 2014 


07 January 2014

The Straits Times Index (STI) ended -2.94 points lower or -0.09% to 3120.88, taking the year-to-date performance to -1.39%.

The FTSE ST Mid Cap Index gained +0.01% while the FTSE ST Small Cap Index gained +0.23%. The top active stocks were OCBC (-1.22%), SingTel (unchanged), DBS (+0.12%), Charisma Energy (+7.60%) and UOB (-0.62%).

The outperforming sectors today were represented by the FTSE ST Basic Materials Index (+1.41%). The two biggest stocks of the FTSE ST Basic Materials Index are Midas Holdings (+1.98%) and Geo Energy Resources (unchanged). The underperforming sector was the FTSE ST Consumer Goods Index, which declined -0.77% with Wilmar International’s share price declining -0.89% and Thai Beverage’s share price declining -0.93%. The FTSE ST Financials Index declined -0.31%.

The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India 100 (-0.51%), Diamonds DIA (+3.47%), SPDR Gold Shares (+0.16%).

The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (unchanged), Ascendas REIT (unchanged), CapitaCommercial Trust (+0.35%).

The most active index warrants by value today were HSI22400MBePW140227 (-4.04%), HSI23200MBePW140227 (+1.16%), HSI23200MBeCW140129 (-9.62%).

The most active stock warrants by value today were DBS MB eCW140502 (+5.71%), UOB MB eCW140303 (-9.91%), KepCorp MBeCW140401 (+2.66%).

Singapore Stock Market
                                 Tuesday               Monday
*ST Index          3,120.88  -2.94     3,123.82  -7.65
Volume:                 3,874.7M              3,510.4M
Value:                     $1,171M               $798.3M
Gainers/Losers:        232/193                 183/235


Daily Market Commentary (Securities)
7 Jan 2014

The FBM KLCI index lost 4.07 points or 0.22% on Tuesday. The Finance Index increased 0.24% to 16810.64 points, the Properties Index dropped 0.01% to 1305.76 points and the Plantation Index down 0.94% to 8688.63 points. The market traded within a range of 9.70 points between an intra-day high of 1832.69 and a low of 1822.99 during the session.

Actively traded stocks include INGENCO, HUBLINE, SUMATEC, XDL-WA, TIGER, IRIS, TMS, KBB-OR, XDL and HUBLINE-WA. Trading volume decreased to 1742.95 mil shares worth RM1883.03 mil as compared to Monday’s 1964.91 mil shares worth RM1840.57 mil.

Leading Movers were PETDAG (+24 sen to RM30.74), HLFG (+16 sen to RM15.40), PBBANK (+12 sen to RM19.10), HLBANK (+10 sen to RM14.30) and TM (+9 sen to RM5.48). Lagging Movers were BAT (-106 sen to RM62.12), PPB (-24 sen to RM15.26), KLK (-24 sen to RM24.00), PETCHEM (-13 sen to RM6.67) and IOICORP (-10 sen to RM4.36). Market breadth was positive with 435 gainers as compared to 382 losers.

The KLCI erased its gains in the midday, extended its losses since the start of the week to close at 1825.11 points. The retreat was in line with the overnight negative performance in US market, as the mixed economic data put investors in a cautious mood ahead of the jobs report at the end of the week. Back to Malaysia, Perak Corp surged 3.7% to RM3.62 and went as high as RM3.75 after parent Perbadanan Kemajuan Negeri Perak (PKNP) offered to privatise the company with the offer price of RM3.90.


Trade Summary
Date As of:     07 January 2014    
Description          Volume                         Value       Frequency
ETF                        100                         58,300                01
Stock     3,418,604,708      3,354,929,851,171       145,383
Right                287,913                       548,691                39
Warrant       20,148,034             1,702,580,000              864
Total       3,439,040,755      3,356,633,038,162       146,287


Trading Summary

As of  7 January 2014         Unit: M.Baht
Type                     Buy                Sell             Net
Institution          5,285.65      3,443.01     1,842.64     
Proprietary        4,410.49     4,113.78         296.71     
Foreign            11,084.48   12,176.43    -1,091.94     
Individual        13,651.65   14,699.06    -1,047.40     
Total Trading Value      34,432.27 M.Baht              


Vietnam's benchmark VN Index  edged up 0.2 percent to close on Tuesday, with all bank shares gaining on expectations of a lender's debut this month and after the government raised foreign holdings in local banks, analysts said.
A strategic foreign investor can own up to 20 percent of a local bank, from the current 15 percent, without having to ask for government approval, according to a decree going into effect on Feb. 20.
 While the ownership ceiling for all foreign investors in a bank is kept unchanged at 30 percent, the government could allow larger foreign ownership in weak banks, the decree said.
Analysts said the decree have little effect on listed banks.

But a possibility that foreign investors could fully own a Vietnamese bank might attract foreign funds, said analyst Tran Minh Hoang at Vietcombank Securities.
The banking sector may have gained on Tuesday because of market talks that BIDV, the second-biggest partly private bank in assets, could make a domestic debut this month, according to analyst Nguyen The Minh at Viet Capital Securities.
Hanoi-based BIDV has yet to announce any debut date.
Vietcombank  climbing 2.21 percent and VietinBank , the country's largest partly private bank in assets, advanced 1.85 percent.
Here is a snapshot of the VN Index  at the close

                     VN Index       510.12             
              PREV. CLOSE        509.1             
                 % CHANGE        0.20%             
                     HIGH          513             
                      LOW       509.87             


Thai stocks jumped on Tuesday, outperforming others in Southeast Asia, as higher oil prices bolstered buying in energy stocks and shares of Thai Airways International   recovered from five sessions of falls after a positive earnings guidance for 2014.
The Thai index  ended up 2.6 percent at 1,262.36, extending gains into a second day and bouncing from the oversold mark for the first time since Dec. 27, with its 14-day Relative Strength Index at 33.8 at Tuesday's close.
The rebound helped the benchmark trim some of its losses since November amid ongoing political tensions while caution remained ahead of a mass shutdown of the capital on Jan. 13 by anti-government protesters calling for a reform of the political system to precede the election.  
Shares of energy firm PTT Pcl  rallied 6.4 percent, the top gainer on the energy index  , while Thai Airways jumped 5.7 percent after acting President Chokchai Panyayong saw the carrier returning to a profit in 2014.   
Other regional markets ended mostly lower, with Indonesia  and the Philippines  easing amid currency weaknesses.
Singapore  and Malaysia  retreated from early highs in line with weak Asian markets.
Vietnam  edged up 0.2 percent, with banking shares rising after the government said a strategic foreign investor will be allowed to own a maximum 20 percent of a Vietnamese bank from late next month, from 15 percent now.

 Market                       Current     Prev Close    Pct Move
 TR SE Asia Index*      379.39         379.28       +0.03
 Singapore                   3120.88       3123.82       -0.09
 Kuala Lumpur             1825.11       1829.18       -0.22
 Bangkok                     1262.36       1230.84       +2.56
 Jakarta                        4175.81       4202.81       -0.64
 Manila                         5947.44       5985.81       -0.64
 Ho Chi Minh                 510.12          509.10       +0.20

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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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