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ASEAN STOCK WATCH 17 July 2010

ASEAN Stock Summary

Shayne Heffernan

www.livetradingnews.com

As most countries went into recession last year, Indonesia’s economy grew at 4.5 per cent. That momentum has picked up in 2010 and GDP is running at around 6 per cent. Strong monetary policy, political stability and financial reform contributed to a series of recent debt ratings upgrades.

Indonesia has been largely shielded from the global financial shocks because it generates more than two thirds of GDP from domestic trade. But the big question on the minds of many investors is whether Indonesia, a largely untapped market of 240m people, can pick up its economic performance a notch or two and close the gap with giant neighbours India and China.

The Jakarta composite index hit an all time high on Wednesday, beating a record set in Apri, driven by demand for banks, palm oil, construction, property and telecommunication stocks. Shares traded relatively flat in the second half of the week.

Jakarta rose 0.40 percent, or 11.86 points, to an all-time closing high of 2,992.45 as foreign funds bought banks and blue chip mining stocks.

Bank Negara Indonesia jumped 7.6 percent, while tin miner Timah climbed 4.6 percent.

Singapore market shares closed higher on Friday, with the benchmark Straits Times Index at 2,953.53, up 0.34 per cent, or 9.98 points.

About 1.29 billion shares exchanged hands.

Gainers beat losers 238 to 165

CapitaLand’s Australian unit, Australand, has established a A$1.3b unsecured debt facility. This replaces existing secured facilities totalling A$1.15b. ‘We are pleased to have achieved this first step in moving to a totally unsecured borrowing platform,’ said Australand’s chief financial officer Kieran Pryke. The new facility comprises three tranches: A$325m that expires in Jun-12, A$650m expiring in Jun-13 and A$325m expiring in Jun-14. The former secured facilities were: an A$750m multi-option facility that was going to expire in Aug-11, and three secured bank bilateral facilities of A$248m, A$100m and A$48m expiring in Apr, Jun and Nov-12. The facility reduces the amount of debt expiring in any one year and extends Australand’s debt maturity profile to 2.6 years.

Significance: The new facility is expected to improve Australand’s liquidity position. Coupled with the medium-term euro note programme, this will help the company further diversify its sources of debt capital and improve its access to longer-dated funding.

Tat Hong To Buy The Rest Of Tutt Bryant

Tat Hong Holdings’s subsidiary, Tat Hong International, has agreed to buy all the remaining shares of Tutt Bryant Group (TBG) that it does not already own at 92 Aussie cents ($1.12) a share. Tat Hong Holdings, which already owns 70.36% of Tutt Bryant Group (TBG), offer a price represents a premium of 46% to TBG’s closing price of A$0.63 on the Australian Securities Exchange yesterday. The offer values the ASX-listed construction equipment sales and industrial equipment hire service provider in Australia at A$132m. The directors of TBG unanimously recommend that all holders of TBG shares should accept the offer in the absence of a superior proposal. They intend to accept the offer in respect of TBG shares owned or controlled by them.

M1 Lifts Q2 Earnings 10% To $40.8m; Declares Higher Dividend

M1 registered a 10% rise in net profit to $40.8m for 2Q10 due to improved operating revenue and larger customer base. M1 also increased its dividend slightly, with a declared interim cash dividend of 6.3 cents a share, to be paid in August, up from 6.2 cents a year back. For the first six months of the year, net profit increased to $80.1m, up 1.5% from the same period last year – or 9.2% if a tax credit adjustment that boosted earnings in the earlier period was excluded. Operating revenue at $472.1m increased 25.3% y-o-y due to higher service revenue and handset sales. Segmentally, service revenue rose 4.8% to S$364.0m, benefiting from an enlarged customer base.

Jackspeed Buys 80% Of Mil-Com Aerospace For $6.3m

Jackspeed Corporation has entered into a sale and purchase agreement with Mil-Com Investments to purchase 800,000 Mil-Com Aerospace shares representing an 80% stake for $6.3m. Mil-Com Aerospace is in the business of the provision of aerospace engineering support services, aviation training and consultancy services. Jackspeed is currently engaged in the business of manufacturing, upholstering and designing customised quality leather products and accessories for the automotive, marine and aviation sectors.

Foreign investors were net buyers of THB765 million ($23.74 million) worth of Thai stocks Friday out of a total THB36.70 billion traded, the Stock Exchange of Thailand said.

In the month to date, foreigners have been net sellers of THB100.97 million of Thai shares.

In the year to date, foreigners have been net sellers of THB17.43 billion of Thai shares.

SET SET100 SET50 mai

Index Last Change %Change High Low Volume
(’000 Shares)
Value
(M.Baht)
827.54 +6.52 +0.79 830.99 822.88 9,743,239 36,700.16
1,234.75 +10.24 +0.84 1,239.90 1,227.12 7,765,051 30,855.20
561.52 +4.35 +0.78 563.71 558.12 3,080,681 20,834.33
236.01 +0.40 +0.17 237.15 235.68 185,849 258.29

SET


mai

Top 10 Most Active Value
Symbol Value
(’000 Baht)
Last Change
(%)
TMB 3,939,583 2.10 +0.16 (+8.25%)
CPF 3,411,229 23.50 +2.10 (+9.81%)
BTS 2,084,825 0.90 +0.01 (+1.12%)
STPI 1,369,731 44.25 +7.00 (+18.79%)
TPIPL 1,291,366 13.10 +0.70 (+5.65%)
BJC 1,138,471 17.20 +1.60 (+10.26%)
QH 847,433 2.28 +0.08 (+3.64%)
IVL 790,567 21.70 +0.60 (+2.84%)
KTB 753,213 12.80 - -
BBL 726,913 129.50 +3.00 (+2.37%)

  Top 10 Gainers
Symbol Volume
(Shares)
Last Change
(%)
SPSU 2,883,200 15.80 +5.30 (+50.48%)
CPF08CA 2,805,100 3.00 +0.84 (+38.89%)
GJS-W1 <NP> 2,646,000 0.04 +0.01 (+33.33%)
STPI 31,359,700 44.25 +7.00 (+18.79%)
GLOBAL 31,927,000 6.35 +0.90 (+16.51%)
TK 14,425,600 7.25 +0.85 (+13.28%)
STPI-W1 31,200 45.00 +5.00 (+12.50%)
SVOA 54,582,300 1.23 +0.12 (+10.81%)
BJC 66,384,800 17.20 +1.60 (+10.26%)
CPF 150,255,200 23.50 +2.10 (+9.81%)

 
Top 10 Most Active Volume
Symbol Volume
(Shares)
Last Change
(%)
BTS 2,265,451,300 0.90 +0.01 (+1.12%)
TMB 1,928,787,700 2.10 +0.16 (+8.25%)
JAS 912,096,700 0.74 +0.01 (+1.37%)
BLAND 470,296,500 0.68 +0.01 (+1.49%)
QH 373,638,400 2.28 +0.08 (+3.64%)
SIRI-W1 231,396,400 1.49 +0.12 (+8.76%)
CPF 150,255,200 23.50 +2.10 (+9.81%)
SSI 149,621,700 1.65 -0.01 (-0.60%)
HEMRAJ 125,723,500 1.46 +0.02 (+1.39%)
BLAND-W2 112,458,400 0.14 -0.01 (-6.67%)

  Top 10 Losers
Symbol Volume
(Shares)
Last Change
(%)
GEN-W1 783,000 0.02 -0.01 (-33.33%)
TKS-W1 8,048,700 0.03 -0.01 (-25.00%)
BLISS 960,200 0.04 -0.01 (-20.00%)
LIVE 10,749,800 0.06 -0.01 (-14.29%)
TTI 100 16.10 -2.50 (-13.44%)
TWZ-W1 56,455,700 0.23 -0.02 (-8.00%)
VARO 3,000 7.50 -0.60 (-7.41%)
YNP <NP> 111,237,300 0.54 -0.04 (-6.90%)
BLAND-W2 112,458,400 0.14 -0.01 (-6.67%)
SPG 4,000 85.00 -6.00 (-6.59%)

 
Categorized by | Volume (’000 Shares) | Value (M.Baht)

Click on underlined column heading to sort results
Date : 16/07/2010
Sector No of Company Buy Sell Total %*
AGRI 10 1,266 616 1,882 1.12
BANK 12 24,668 18,756 43,424 1.05
CONMAT 21 4,732 6,475 11,207 2.13
PETRO 7 352 1,441 1,793 2.01
COMM 8 5,480 1,780 7,260 2.45
ICT 21 16,910 24,231 41,141 1.58
ETRON 8 1,152 1,876 3,028 3.65
ENERG 22 5,600 3,452 9,052 2.32
MEDIA 13 4,734 1,894 6,628 7.51
FIN 24 2,764 4,401 7,164 2.17
FOOD 15 5,637 2,314 7,951 1.87
HELTH 5 686 106 793 8.00
TOURISM 8 397 96 492 5.14
HOME 7 314 52 366 1.32
INSUR 2 - 0 0 0.00
MINE 2 10 112 122 1.21
PKG 3 361 114 475 4.58
PERSON 3 665 26 692 31.46
PROF 2 11 175 186 2.42
PROP 47 106,651 56,084 162,734 4.89
PAPER 1 7 - 7 0.37
FASHION 3 0 119 119 14.81
TRANS 12 18,301 8,155 26,456 0.57
AUTO 12 487 1,564 2,051 0.79
IMM 11 25,503 1,869 27,372 4.71
PFUND - - - - -
mai 32 4,293 2,232 6,525 3.14

* % of Trading Volume in Underlying Securities traded in each sector

 


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