ASEAN KEY DESTINATIONS
08 January 2015
The Straits Times Index (STI) ended +46.75 points higher or +1.42% to 3345.11, taking the year-to-date performance to -0.60%.
The FTSE ST Mid Cap Index gained +0.74% while the FTSE ST Small Cap Index gained +0.69%. The top active stocks were SingTel (+2.07%), DBS (+1.41%), UOB (+2.47%), OCBC Bank (+3.14%) and CapitaLand (+0.62%).
The outperforming sectors today were represented by the FTSE ST Telecommunications Index (+1.86%). The two biggest stocks of the FTSE ST Telecommunications Index are SingTel (+2.07%) and StarHub (-0.24%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -2.60% with Midas Holdings’ share price declining -4.41% and Geo Energy Resources’ share price unchanged.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+1.53%), SPDR Gold Shares (-0.74%), Lyxor ETF MSCI India (+1.58%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-2.40%), CapitaCom Trust (-1.66%), Suntec REIT (+0.77%).
The most active index warrants by value today were HSI24000MBeCW150129 (+22.41%), HSI24200MBeCW150226 (+9.91%), HSI23200MBePW150129 (-24.59%).
The most active stock warrants by value today were DBS MB eCW150602 (+9.90%), UOB MB eCW150415 (+23.00%), KepCorp MBeCW150602 (+5.75%).
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Singapore Stock Market
*ST Index 3,345.11 +46.75 3,298.36 +16.41
Volume: 1,405M 1,865M
Value: $1,154M $1,085.5M
Gainers/Losers: 254/131 217/181
Daily Market Commentary (Securities)
08 Jan 2015
The FBM KLCI index gained 18.88 points or 1.10% on Thursday. The Finance Index increased 0.78% to 15199.37 points, the Properties Index up 0.26% to 1256.06 points and the Plantation Index rose 1.70% to 7834.87 points. The market traded within a range of 16.16 points between an intra-day high of 1730.18 and a low of 1714.02 during the session.
Actively traded stocks include MINETEC, IFCAMSC, IFCAMSC-WA, HSI-CJ, IRIS, HUBLINE, ASIABIO, YGL, MEGB and SYSTECH. Trading volume decreased to 1603.76 mil shares worth RM1837.32 mil as compared to Wednesday’s 1606.82 mil shares worth RM2035.52 mil.
Leading Movers were KLK (+100 sen to RM22.80), SKPETRO (+8 sen to RM2.34), FGV (+7 sen to RM2.17), MISC (+23 sen to RM7.40) and RHBCAP (+21 sen to RM7.51). Lagging Movers were PPB (-10 sen to RM13.80), PETCHEM (-2 sen to RM4.90), ASTRO (-1 sen to RM3.02) and KLCC (-2 sen to RM6.69). Market breadth was positive with 555 gainers as compared to 240 losers.
The KLCI reversed previous days’ losses after ending 18.18 points higher at 1728.06, buoyed by the rebound in overnight US market following the upbeat US employment data and declaration from the Federal Reserve that it was not quite ready to lift up interest rates just yet. The performance of our benchmark index was lifted by buying interest in heavyweight counters, led by KL Kepong and SapuraKencana.
Date As of: 08 January 2015
Description Volume Value Frequency
ETF 29,500 24,826,300 31
Stock 8,211,979,307 6,736,662,387,126 269,786
Right 1,232,500 1,232,500 07
Warrant 10,993,300 840,321,500 673
Total 8,224,234,607 6,737,528,767,426 270,497
Thai bourse to list "TREIT" REIT on January 9
BANGKOK, January 8, 2015 - The Stock Exchange of Thailand (SET) will list TICON Freehold and Leasehold Real Estate Investment Trust (REIT) worth THB 3.43 billion (approx. USD 103.79 million) on its main board on January 9 being the
first REIT listed on in SET on the 2015, under the ticker symbol "TREIT".
SET Executive Vice President Chanitr Charnchainarong said that TREIT would list and start trading in the Thai bourse's Property Fund & REITs sector THB 10.00 per unit during December 8-11, 2014, with total value of THB 3.43 billion. TREIT
is managed by TICON Management Co., Ltd. (TMAN), a subsidiary of TICON Industrial Connection pcl (TICON). BBL Asset Management Co., Ltd. is the trustee and Bangkok Bank pcl is its financial advisor and underwriter.
TREIT has invested in land, warehouses and factories of TICON Group, totaling 45 units covering 214,523 square meters on 306 rai land area, consisting of (1) freehold, leasehold and sub-leasehold rights of 25 units of land together with warehouses of TICON, with total area of 160,523 square meters (2) freehold ownership of 20 units of land and warehouses of TICON Logistics Park Co., Ltd. (TPARK), with total area of 54,000 square meters, both having 90 percent occupancy.
TMAN Managing Director Amorn Chulalaksananukul said that TREIT would invest on warehouses and factories for rent on prime locations with an average age of buildings less than four years. The main tenants of these properties are leading companies in logistics, consumer products and automotive industries. Managed by two professional firms, namely TICON and TPARK, with expertise in managing warehouses and factories for rent. Topped off with TICON's strategic plan for business expansion in the near future, TREIT could provide good returns for the trust unit holders in the long run.
TREIT's dividend policy is to pay up to twice a year at no less than 90 percent of adjusted net profit of its financial year. TREIT's three major unit holders after its IPO are Social Security Office (14.60 percent), TPARK (12 percent) and Mitsui & Co. (Asia Pacific) Pte. Ltd. (10.22 percent).
As of 8 January 2015 Unit: M.Baht
Type Buy Sell Net
Institution 9,032.02 4,340.95 4,691.06
Proprietary 5,548.01 4,888.10 659.91
Foreign 12,593.59 11,376.88 1,216.70
Individual 26,762.67 33,330.35 -6,567.68
Total Trading Value 53,936.29 M.Baht
Vietnam index ends up 0.3 pct; banks, energy support
Vietnam's benchmark VN Index ended up 0.3 percent on Thursday, supported by banking and energy stocks as cautious investors bet on positive results of lenders, while global oil prices advanced.
Hanoi-based Vietcombank , Vietnam's largest listed bank by market value, ended up 2.98 percent, followed by Sacombank with a 1.12 percent gain and Military Bank that edged up 0.74 percent.
PetroVietnam Gas, the country's largest listed firm by market value, increased 0.72 percent as Brent crudemarked an intraday high of $51.91 a barrel and was at $51.03 at 0829 GMT.
Investors were still cautious, with just 77.87 million shares changing hands, far below the five-day average level of 103.98 million shares, based on Reuters data.
Here is a snapshot of the VN Index at the close
VN Index 553.47
PREV. CLOSE 552.05
% CHANGE 0.26%
SE Asia Stocks - Thai at two-week high; Malaysia snaps losses
Thai shares hit a more than two-week high on Thursday as PTT rallied on positive earnings prospects after the government raised the wholesale
price of liquefied petroleum gas (LPG), while other Southeast Asian markets rose in line with broader Asia.
Asian stocks rose on Thursday after upbeat U.S. employment data and a halt to a slide in oil tempered investor risk aversion.
The Thai SET index rose 1.4 percent to 1,521.62, its highest close since Dec. 24, extending Wednesday's climb amid bargain-hunting in battered banks.
PTT, the most actively-traded stock by turnover on Thursday, closed up 1.8 percent at its highest in nearly three weeks.
The LPG price, which will be raised to $488 a tonne, boded well for PTT which has shouldered losses from fuel subsidies given the energy giant has had to import LPG at global prices and sell them at the government-fixed price of $333 per tonne since 2008.
Malaysia's index ended six sessions of losses as the ringgit pulled off 5-1/2-year lows due to pressure over the past few weeks from concerns about the impact of tumbling oil prices on Malaysia's trade and fiscal balances.
Among the outperformers, Singapore's key index ended the day up 1.4 percent at 3,345.11, a shy of its day's high, while the Philippines rose for a ninth session to its highest close since May 22.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3345.11 3298.36 +1.42
Kuala Lumpur 1728.06 1709.18 +1.10
Bangkok 1521.62 1500.75 +1.39
Jakarta 5211.83 5207.12 +0.09
Manila 7367.63 7309.70 +0.79
Ho Chi Minh 553.47 552.05 +0.26