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ASEAN STOCK WATCH 14 July 2010

ASEAN Markets will Rally

Shayne Heffernan

www.livetradingnews.com
 
ASEAN Markets opened high but traded lower after the Chinese Government held firm on the controls in place regarding real estate speculation, this offered investors some big bargains.

US and European Markets advanced overnight ahead of Intel Earnings that came in at 51c per share on $10.8 Billion in revenue, well in front of estimates.

These positive signs of global growth will give ASEAN markats a new momentum today.

The Stock Exchange of Thailand (SET) composite index on Tuesday lost 2.26 points or 0.28 per cent to close at 817.35 points. The market value was 25.96 billion baht, with 5.17 billion shares traded.

The Tourism Authority of Thailand (TAT) projects a tourism recovery in 2011 with foreign arrivals of 15.5 million and revenues of 600 billion baht, up from 14.5 million visitors and 500 billion baht forecast this year.”Next year, we will build on our many strengths as a preferred tourist destination by branching out into new marketing segments such as green and sustainable tourism,” TAT governor Suraphon Svetasreni said yesterday.

Since the red-shirt demonstration was broken up on May 19, the property market has steadily recovered and has picked up enough momentum to drive market growth in the second half of this year, she said, as most prospective home-buyers, especially domestic buyers, are now ready to buy residences.Meanwhile, individual investors and property firms are lining up to buy distressed assets and undeveloped land, she said.“Our customers alone have been buying distressed assets and undeveloped land worth between Bt200 million and Bt300 million a month,” she said
Some of these purchases are to be used to develop residential projects for sale, and some are for long-term investment, she said.

Transaction by Investor Group in The Stock Exchange of Thailand (SET)

Daily as of 13 Jul 2010

Unit: M.Baht

Investor Type Buy Sell Net
Value % Value % Value %
Local Institutions 1,112.55 4.28 2,189.30 8.43 -1,076.76 -
Proprietary Trading 2,657.86 10.24 3,061.36 11.79 -403.50 -
Foreign Investors 4,584.26 17.65 4,062.95 15.65 521.31 -
Local Individuals 17,612.40 67.83 16,653.45 64.13 958.94 -
 
Monthly Cumulative between 1 – 13 Jul 2010
Unit: M.Baht
Investor Type Buy Sell Net
Value % Value % Value %
Local Institutions 16,737.94 8.11 16,661.45 8.07 76.49 -
Proprietary Trading 19,842.39 9.61 20,799.11 10.08 -956.73 -
Foreign Investors 32,023.00 15.52 31,895.80 15.45 127.21 -
Local Individuals 137,793.65 66.76 137,040.62 66.40 753.03 -
 
Yearly Cumulative since 1 Jan 2010 – 13 Jul 2010
Unit: M.Baht
Investor Type Buy Sell Net
Value % Value % Value %
Local Institutions 204,808.23 7.58 205,364.18 7.61 -555.96 -
Proprietary Trading 365,085.53 13.52 365,398.21 13.53 -312.68 -
Foreign Investors 577,061.96 21.37 594,262.14 22.01 -17,200.18 -
Local Individuals 1,553,219.03 57.52 1,535,150.22 56.85 18,068.81 -
  

Top 10 Most Active Value 
Symbol Value
(’000 Baht)
Last Change
(%)
SCB 1,502,756 84.00 +1.25 (+1.51%)
TMB 1,092,711 1.72 -0.04 (-2.27%)
KBANK 1,087,670 93.00 -1.25 (-1.33%)
TRUBB 1,047,145 9.10 +0.20 (+2.25%)
SICCO 777,776 5.70 +0.86 (+17.77%)
CPF 762,650 21.00 -0.20 (-0.94%)
PTT 758,823 247.00 +1.00 (+0.41%)
BJC 685,476 14.80 +0.80 (+5.71%)
KTB 671,244 13.00 -0.20 (-1.52%)
STA 638,753 20.30 -1.30 (-6.02%)
  Top 10 Gainers 
Symbol Volume
(Shares)
Last Change
(%)
IEC 12,380,000 0.03 +0.01 (+50.00%)
GJS-W1 <NP> 905,000 0.04 +0.01 (+33.33%)
CNT 46,144,500 7.00 +1.60 (+29.63%)
SSEC 73,136,100 1.15 +0.26 (+29.21%)
GRAND 2,655,700 1.33 +0.30 (+29.13%)
BLISS 1,000 0.05 +0.01 (+25.00%)
SICCO 140,161,800 5.70 +0.86 (+17.77%)
ROCK 4,000 14.00 +2.00 (+16.67%)
AJ 23,742,900 6.60 +0.80 (+13.79%)
TFD 20,492,900 0.97 +0.10 (+11.49%)
 
Top 10 Most Active Volume 
Symbol Volume
(Shares)
Last Change
(%)
JAS 801,098,000 0.64 +0.06 (+10.34%)
TMB 630,380,000 1.72 -0.04 (-2.27%)
BTS 343,247,000 0.88 -0.02 (-2.22%)
SSI 326,421,900 1.64 -0.01 (-0.61%)
TT&T 202,874,600 0.39 +0.04 (+11.43%)
SICCO 140,161,800 5.70 +0.86 (+17.77%)
BLAND 121,413,500 0.62 -0.01 (-1.59%)
QH 116,428,600 2.14 -0.04 (-1.83%)
TRUBB 108,305,800 9.10 +0.20 (+2.25%)
NWR 87,717,300 0.42 +0.02 (+5.00%)
  Top 10 Losers 
Symbol Volume
(Shares)
Last Change
(%)
SPORT-W2 1,748,600 0.25 -0.04 (-13.79%)
RICH 2,418,900 0.08 -0.01 (-11.11%)
PTT08CA 777,400 0.98 -0.09 (-8.41%)
ESTAR-W1 1,620,200 0.11 -0.01 (-8.33%)
EASON-W1 100 0.69 -0.06 (-8.00%)
AMATA 32,393,200 9.50 -0.70 (-6.86%)
STHAI 1,995,700 1.50 -0.11 (-6.83%)
SPI 29,200 20.00 -1.30 (-6.10%)
STA 30,768,700 20.30 -1.30 (-6.02%)
GJS <NP> 19,277,600 0.18 -0.01 (-5.26%)
 

 

The Jakarta Composite Index eked out a slight gain, rising 2.72 points, or 0.1 percent, to close at 2,961.51, rising for a fourth trading day.

Indonesian stocks struggled to advance on Tuesday as emerging market shares were weighed down after China quashed speculation that it would ease restrictions on its property market.

The benchmark again tested an all-time high in early trading, hitting an intraday high of 2,978.50 in the morning session. The index’s record close of 2,971.25 was set on April 30.

Regional markets were mixed after China said it would “strictly” implement policies intended to prevent speculative real estate development.

“It’s hard to believe that the Chinese government would reverse its crackdown on the property industry so quickly and anyone who hoped it would is now disappointed,” said Zhang Ling, a fund manager at Shanghai River Fund Management.

Meanwhile, the rupiah was little changed on speculation that the central bank would temper the currency’s strength to support exporters.

The rupiah is Asia’s second-best performing currency outside of Japan this year as overseas funds have bought $1 billion more of local equities than they have sold.

Bank Indonesia Deputy Governor Budi Mulya told a conference in Singapore last week that it was not yet considering raising interest rates. The benchmark 6.5 percent compares with a maximum 1 percent in the United States, Europe and Japan. T

he central bank last week held its key rate at 6.5 percent, the lowest level since the measure’s introduction in July 2005.

“The strength of the rupiah will be limited because of Bank Indonesia intervention to keep exports competitive,” said Mika Martumpal, a senior market analyst in Jakarta at PT Bank Commonwealth. “BI prefers to keep the rupiah above 9,000.”

The rupiah traded at 9,058 to the dollar as of the stock market’s close, versus 9,053 on Monday. It has appreciated 3.7 percent this year and reached 8,998 on June 21, the strongest level since April.

On the stock market, PT Bakrie Sumatera Plantations, a producer of rubber and palm oil, fell 1.4 percent as palm oil dropped for the first time in four days on concern supplies of edible oils would rise in the second half.

Rubber tumbled for a third day to the lowest level in more than a month on concern that slower car sales growth in China may signal weaker demand.

PT Sarana Menara Nusantara, a builder of telecommunication towers, surged 24.8 percent to Rp 4,150, its highest close since it was listed in March.

Sarana Menara was rated “outperform” by Credit Suisse Group analysts Colin McCallum and Chate Benchavitvilai, who said the company’s operating cash flow was set to be positive for the first time this year.

PT Timah, the country’s biggest tin producer, tumbled 1.2 percent, declining for the first time in six days, as tin futures for three-month delivery in London dropped for a second consecutive day, falling 0.4 percent to $17,450 a metric ton.

The Philippines index rose to its highest since Jan 15, 2008. Investors are anticipating strong earnings in the second quarter as remittances have been high in the quarter. Property firm Ayala Land (ALI.PS) jumped 5.4 percent on speculation of strong earnings.

In Singapore, oil and gas services firm Ezra Holdings (EZRA.SI) rose 2.8 percent, a day after it reported a 37

percent increase in its third-quarter net profit to $25.7 million and said it was cautiously optimistic about the outlook for the next 12 months.

Singapore-based analysts said they expect trading volumes to pick up from the latter part of July after the release of second-quarter gross domestic product data on Wednesday. A poll of economists forecast GDP had grown 20.6 percent on a seasonally adjusted, annualised basis in the April to June period, and 16.7 percent from a year earlier.

In Kaula Lumpur, gainers included PLUS Expressways’ (PLUE.KL) 2.8 percent rise and Genting’s (GENT.KL) 1.1 percent rise.

Vietnam .VNI jumped 1.8 percent to a two-week high on earnings’ hopes and a decision by fund manager Dragon Capital to continue operations in the country.


 


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