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ASEAN STOCK WATCH 20 July 2010

ASEAN Markets Hold Gains During World Sell Off

Shayne Heffernan

www.livetradingnews.com

The outlook for Thailand keeps getting better, Japanese automakers Nissan and Toyota; the Japanese electronics firm Hitachi; the German conglomerate Siemens; the US chemical firm Dow Chemicals; and Siam Cement are just some of the Six leading multinational companies have expressed interest in establishing regional operating headquarters in Thailand.

The cabinet last month approved a new package of tax incentives for the ROH programme. Corporate tax waivers for up to 15 years are offered to companies with operating bases in Thailand engaged in services and transactions such as research and development, business management and administration, marketing and sales promotion, advisory services and HR training.

The zero tax rate applies for income earned for services provided outside of the country. Domestic services are taxed at a 10% rate, or one-third the standard corporate tax rate. Expatriates working for ROHs also will be eligible for a reduced personal income tax rate of 15% for eight years, compared with the normal progressive scale of 5% to 37%. Transaction by Investor Group in The Stock Exchange of Thailand (SET)

Daily as of 19 Jul 2010

Unit: M.Baht

Investor Type Buy Sell Net
Value % Value % Value %
Local Institutions 1,314.03 4.36 2,833.67 9.40 -1,519.64 -
Proprietary Trading 3,429.20 11.38 2,952.94 9.80 476.26 -
Foreign Investors 2,701.83 8.96 3,591.31 11.92 -889.48 -
Local Individuals 22,693.30 75.30 20,760.45 68.88 1,932.85 -
 
Monthly Cumulative between 1 – 19 Jul 2010
Unit: M.Baht
Investor Type Buy Sell Net
Value % Value % Value %
Local Institutions 24,112.07 7.45 25,126.50 7.76 -1,014.42 -
Proprietary Trading 31,471.95 9.72 32,340.12 9.99 -868.16 -
Foreign Investors 46,876.16 14.48 47,866.61 14.78 -990.45 -
Local Individuals 221,295.28 68.35 218,422.25 67.47 2,873.03 -
 
Yearly Cumulative since 1 Jan 2010 – 19 Jul 2010
Unit: M.Baht

Investor Type Buy Sell Net
Value % Value % Value %
Local Institutions 212,182.36 7.53 213,829.23 7.59 -1,646.87 -
Proprietary Trading 376,715.10 13.37 376,939.21 13.38 -224.11 -
Foreign Investors 591,915.12 21.01 610,232.95 21.66 -18,317.83 -
Local Individuals 1,636,720.67 58.09 1,616,531.85 57.37 20,188.82 -
 

SET SET100 SET50 mai
Index Last Change %Change High Low Volume
(’000 Shares)
Value
(M.Baht)

830.40 +2.86 +0.35 834.02 826.09 7,437,431 30,138.37

1,238.98 +4.23 +0.34 1,244.63 1,231.48 5,264,580 24,827.37

563.22 +1.70 +0.30 565.79 559.89 2,248,805 17,559.31

237.03 +1.02 +0.43 238.96 236.22 337,418 271.71

High and Low index will not have the officially updated value.









SET


mai

Top 10 Most Active Value

Symbol Value
(’000 Baht)
Last Change
(%)

CPF 2,926,708 23.80 +0.30 (+1.28%)

TMB 2,815,869 2.04 -0.06 (-2.86%)

TPIPL 1,503,920 14.30 +1.20 (+9.16%)

BJC 913,512 18.60 +1.40 (+8.14%)

JAS 883,114 0.86 +0.12 (+16.22%)

PTT 777,026 247.00 +1.00 (+0.41%)

PTTAR 727,756 24.50 -0.50 (-2.00%)

STPI 674,738 44.50 +0.25 (+0.56%)

BTS 667,974 0.89 -0.01 (-1.11%)

SA 621,392 21.60 +1.00 (+4.85%)

  Top 10 Gainers

Symbol Volume
(Shares)
Last Change
(%)

BTNC 4,400 18.80 +4.20 (+28.77%)

SAMCO 46,702,400 2.64 +0.48 (+22.22%)

PAE 71,442,200 0.40 +0.06 (+17.65%)

CSC 568,500 29.75 +4.25 (+16.67%)

JAS 1,099,273,600 0.86 +0.12 (+16.22%)

SIRI-W1 290,575,900 1.73 +0.24 (+16.11%)

MJD-W1 27,054,700 1.36 +0.18 (+15.25%)

AIT-W1 384,700 15.00 +1.70 (+12.78%)

SF 14,712,900 5.90 +0.65 (+12.38%)

KTP 34,815,600 3.00 +0.32 (+11.94%)

 
Top 10 Most Active Volume

Symbol Volume
(Shares)
Last Change
(%)
TMB 1,340,617,200 2.04 -0.06 (-2.86%)

JAS 1,099,273,600 0.86 +0.12 (+16.22%)

BTS 747,081,900 0.89 -0.01 (-1.11%)

BLAND 312,518,400 0.69 +0.01 (+1.47%)

SIRI-W1 290,575,900 1.73 +0.24 (+16.11%)

QH 240,530,900 2.24 -0.04 (-1.75%)

TT&T 240,400,700 0.41 +0.02 (+5.13%)

HEMRAJ 240,175,900 1.52 +0.06 (+4.11%)

TRUE 146,451,300 3.32 +0.18 (+5.73%)

CPF 121,550,200 23.80 +0.30 (+1.28%)

  Top 10 Losers

Symbol Volume
(Shares)
Last Change
(%)
TKS-W1 1,956,100 0.02 -0.01 (-33.33%)

GEN-W2 29,111,800 0.10 -0.04 (-28.57%)

ESTAR-W2 1,036,500 0.04 -0.01 (-20.00%)

SPC 28,700 24.00 -5.50 (-18.64%)

LIVE-W1 1,188,700 0.05 -0.01 (-16.67%)

TPCORP 100 8.90 -1.60 (-15.24%)

FMT 55,300 13.60 -1.90 (-12.26%)

GEN 84,311,300 0.36 -0.05 (-12.20%)

TUCC-W1 144,600 0.52 -0.05 (-8.77%)

SMM-W1 170,000 0.27 -0.02 (-6.90%)


The Jakarta Composite Index, fell 23.73 points, or 0.8 percent, to 2,968.72 as of 10:02 a.m. local time, on course for its steepest drop since July 1.

Coal producers Adaro Energy, Indonesia’s second-biggest coal producer, fell 1.7 percent to Rp 1,990 and Indo Tambangraya Megah, the unit of Thailand’s largest coal miner Banpu Pcl, declined 1.2 percent to Rp 37,750. Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, slid 0.7 percent to $96.34 a metric ton in the week ended July 16, declining for the second straight week.

Bank Internasional Indonesia, the biggest overseas unit of Malaysia’s largest bank, fell 1.7 percent to Rp 285. The company may sell Rp 1 trillion ($110 million) of bonds in the second half of this year, Investor Daily Indonesia reported, citing Director Stephen Liestyo.

Summarecon Agung, a property developer, rose 1.2 percent to Rp 850. Summarecon expects profit to rise by 30 percent to about Rp 100 billion in the first half of this year, Kontan reported, citing President Director Johanes Mardjuki.

Indonesia’s rupiah dropped the most in almost three weeks on concern overseas investors will pull funds from the nation’s shares as equities fell.

Asian currencies and stocks declined after data on July 16 showed U.S. consumer confidence was at the lowest level in a year this month and Bank of America Corp. and Citigroup Inc. reported sales that missed economists’ estimates. The MSCI Asia- Pacific index excluding Japan slipped 0.9 percent, a third day of losses

“The rupiah is weaker as we had a correction in the global stock markets and people are worried that the local stock market will also be affected,” said Aris Setiawan, a currency trader at PT Bank Chinatrust Indonesia in Jakarta.

The rupiah lost 0.3 percent to 9,072 per dollar as of 9:59 a.m. in Jakarta after earlier reaching a one-week low of 9,083, according to data compiled by Bloomberg. The currency has gained 3.5 percent this year, a performance second only to Malaysia’s ringgit.

The nation’s interest-rate advantage and economic growth should help to limit losses in the currency, Setiawan said.

Indonesia’s rupiah-denominated bonds have returned 14 percent this year, the biggest gain among 10 Asian local- currency debt indexes compiled by HSBC Holdings Plc. Global funds owned a record 166 trillion rupiah ($18 billion) of government notes as of July 8, 54 percent more than at the start of the year.

Foreign investors have also bought $1.1 billion more Indonesian stocks than they sold this year, helping push up the Jakarta Composite Index 18 percent, Asia’s second-biggest gainer.

Indonesia’s interest rate of 6.5 percent compares with a maximum 1 percent in the U.S., Europe and Japan. Finance Minister Agus Martowardojo predicts gross domestic product will increase 5.9 percent this year.

“The rupiah’s fundamentals are still okay and its interest rate is still very attractive,” Setiawan said, predicting a range of 9,040 to 9,080 per dollar for the currency today. Bank Indonesia may limit the currency’s losses to 9,080, he added.

The Thomson Reuters/University of Michigan preliminary index of US consumer sentiment decreased to 66.5, the lowest level since August and less than the most pessimistic forecast of economists surveyed by Bloomberg News.

Philippine Stock Exchange index lost 18.39 points to 3,424.29, while the broader all-share index lost 9.24 points to 2,167.79.

Trading volume reached 1.14 billion shares worth 2.34 billion pesos (50.5 million U.S. dollars).

Singapore’s Straits Times Index closed down 0.42 percent, or 12.30 points, at 2,945.42. United Overseas Bank was down 20 cents at 19.68 Singaporean dollars and Singapore Telecommunications was down five cents at 3.08.

Vietnam’s stock market index, VN-Index, closed at 506. 84 points on Monday, up 0.63 points, or 0.12 percent, against the previous trading day.

A total of 43.41 million shares worth 1.27 trillion Vietnamese dong (VND) (66.88 million U.S. dollars) changed hands at the Ho Chi Minh City Stock Exchange.

HNX-Index, the index of Vietnam’s Hanoi Stock Exchange, went down 0.75 points, or 0.47 percent, to 160.37 points.

The Kuala Lumpur Composite Index (KLCI) was at 1,333.35 down 3.30 points or 0.25 percent, and the Emas was at 9, 040.74 down 7.68 points, or 0.25 percent.

Turnover increased to 848.62 million shares valued at 1.33 billion ringgit Malaysia (412.15 million U.S. dollars), compared with 793.60 million shares valued at 1.20 billion ringgit Malaysia (373.95 million U.S. dollars) on last Friday.


 


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