ASEAN KEY DESTINATIONS
22 July 2015
The Straits Times Index (STI) ended 12.24 points or 0.36% lower to 3359.17, taking the year-to-date performance to -0.18%.
The top active stocks today were DBS, which declined 0.51%, Singtel, which declined 0.91%, UOB, which declined 0.13%, Global Logistic, which gained 0.78% and CapitaLand Mall Trust, with a 1.84% fall.
The FTSE ST Mid Cap Index gained 0.05%, while the FTSE ST Small Cap Index declined 0.59%.
The outperforming sectors today were represented by the FTSE ST Health Care Index, which rose 0.46%. The two biggest stocks of the Index - Raffles Medical Group and Tianjin Zhongxin Pharmaceutical Group Corporation- ended 1.01% higher and 0.34% higher respectively.
The underperforming sector was the FTSE ST Consumer Goods Index, which slipped 1.18%. Wilmar International shares declined 0.92% and Thai Beverage declined 1.95%.
The three most active Exchange Traded Funds (ETFs) by value today were:
SPDR Gold Shares (-1.30%)
Nikko Am Singapore STI ETF (-0.87%)
DBXT CSI300 ETF (-0.78%)
The three most active Real Estate Investment Trusts (REITs) by value were:
CapitaLand Mall Trust (-1.84%)
Ascendas REIT (-0.82%)
CapitaLand Commercial Trust (-0.34%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
OCBC Bk MBeCW151201 (-3.08%)
DBS MB eCW151001 (-4.35%)
KepCorp MBeCW160104A (-1.14%)
Singapore Stock Market
*ST Index 3,359.17 -12.24 3,371.41 -2.07
Volume: 2,793.1M 3,225.9M
Value: $951.6M $984.5M
Gainers/Losers: 191/261 256/205
Daily Market Commentary (Securities)
22 July 2015
The FBM KLCI index lost 6.66 points or 0.38% on Wednesday. The Finance Index fell 0.07% to 15570.6 points, the Properties Index up 0.47% to 1215.98 points and the Plantation Index down 0.51% to 7501.8 points. The market traded within a range of 7.02 points between an intra-day high of 1732.54 and a low of 1725.52 during the session.
Actively traded stocks include IDMENSN-WA, K1, KNM, HSI-HD, GENM, HSI-CO, APFT, MPAY, DSONIC and IDMENSN. Trading volume increased to 1664.09 mil shares worth RM1681.58 mil as compared to Tuesday’s 1656.37 mil shares worth RM1510.44 mil.
Leading Movers were PETGAS (+30 sen to RM21.78), KLCC (+9 sen to RM7.10), HLBANK (+8 sen to RM13.68), IHH (+1 sen to RM5.92) and AXIATA (+1 sen to RM6.39). Lagging Movers were WPRTS (-10 sen to RM4.12), AMMB (-10 sen to RM5.68), SIME (-15 sen to RM8.53), KLK (-32 sen to RM22.68) and GENM (-6 sen to RM4.27). Market breadth was negative with 403 gainers as compared to 409 losers.
The KLCI closed lower at 1729.53 points. The performance of our local bourse was in line with losses in regional markets, dragged down by the losses the weaker overnight performance in Wall Street.
Date As of: 22 July 2015
Description Volume Value Frequency
Total 3,791,784,545 5,050,378,873,287 220,144
ETF 3,700 1,542,500 07
Stock 3,788,293,345 5,050,298,919,387 219,886
Right 500 5,000 01
Warrant 3,487,000 78,406,400 250
Thai alternative bourse to list Daii Group on July 23
BANGKOK, July 22, 2015 - Market for Alternative Investment (mai) will list Daii Group pcl, a finished fence producer andhome builder on July 23, under the ticker symbol "DAII". The company has a market capitalization at its initial
public offering (IPO) price of THB 520 million (approx. USD 15.3 million).
mai President Prapan Charoenprawatt said that DAII would list in the Property & Construction industry group on mai. The company and its subsidiaries were manufacturers and distributors of finished fence for more than 20 years under
the brand "FENZER" and "NUEVO" which have been well received among leading property developers and retail customers; semi-finished and fully finished home builder under "Qsaf Diamond" and "Ginza Home" brands; as well as supplier of aluminium doors and windows under "ATECH" brand, producing durable and distinctively innovative construction products.
DAII has a paid-up registered capital of THB 130 million, consisting of 100 million existing common shares and 30 million newly issued shares, with a par value of THB 1 each. The company offered newly issued shares to the general public via IPO during July 15-17 at THB 4 each, for a total of THB 120 million.
Maybank Kim Eng Securities (Thailand) was its financial advisor and underwriter.
DAII Managing Director Thawat Meeprasertsakul said that this listing would enhance the company's image and strengthen financial capabilities, as well as expand its leading position in the finished fence market nationwide and help reducing construction cost to serve wider target groups. The fund raised would be used to set up the second home builder showroom and the second finished home factory for Ginza, build the finished fence factory and sales office in Rayong province in eastern part of Thailand, as well as for debt repayment.
DAII's three major shareholders after the IPO are Meeprasertsakul group (52.64 percent), Wachiraporn Sakulchan (3.88 percent) and Pienpanyarak group (3.61 percent). The IPO price was equivalent to price per earnings ratio (P/E ratio) of 36.36 times, calculated by using the company's net profit in the past four quarters (April 1, 2014-Mar 31, 2015) of THB 13.95 million divided by fully diluted shares, representing earnings per share of THB 0.11. DAII's dividend policy is to pay no less than 50 percent of net profits after taxes and reserves.
For more information on DAII, please see the company's prospectus at the Securities and Exchange Commission's website at www.sec.or.th and general information at the company's website at www.daiigroup.com, as well as www.set.or.th.
SET "Towards the 5th Decade of Sustainable Wealth for Thais" Trading Summary
As of 22 July 2015 Unit: M.Baht
Type Buy Sell Net
Institution 6,055.47 5,454.17 601.30
Proprietary 4,301.66 5,022.22 -720.56
Foreign 8,790.51 11,093.94 -2,303.43
Individual 20,822.61 18,399.92 2,422.69
Total Trading Value 39,970.26 M.Baht
Vietnam's benchmark VN Index .VNI rebounded 0.54 percent at the break on Wednesday after two falls earlier this week as several big-cap shares advanced, led by steel producer Hoa Phat Group HPG.HM .
Top dairy products maker Vinamilk VNM.HM rose 0.85 percent, surpassing PetroVietnam Gas GAS.HM to become the second-biggest firm by market value after Hanoi-based Vietcombank VCB.HM .
Hoa Phat Group outperformed the market, rising 5.41 percent to 33,100 dong ($1.52) each, the highest intraday level since
Jan. 29, 2015. The company has said its first-half net profit rose 1.6 percent from a year earlier to 1.9 trillion dong.
Top insurer BaoViet Holdings BVH.HM extended its loss with a 6.14-percent fall on profit taking, after having gained 51.2 percent in the first half of this month against June 30.
Here is a snapshot of the VN Index .VNI at midday
VN Index 619.94
PREV. CLOSE 616.61
% CHANGE 0.54%
SE Asia Stocks - Thai shares recoup losses; Vietnam rallies
The Thai key index ended a tad higher on Wednesday, recouping early losses, as bargain hunting emerged in a near oversold market, while Vietnam's benchmark made the biggest jump in nearly three weeks on gains in banking shares.
Bangkok's SET index .SETI closed up 0.03 percent after a 1 percent fall earlier and almost 3 percent drop over six sessions to Tuesday.
The SET's 14-day Relative Strength Index (RSI) was at 31.39 at the close, slipping below 30 at one point. A level of 30 or lower indicates an oversold condition.
Other markets in Southeast Asia were mixed in light volumes suggesting some cautions in an earnings season, with trading volumes of most exchanges falling to less than 90 percent of a 30-day average.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3359.17 3371.41 -0.36
Kuala Lumpur 1729.53 1736.19 -0.38
Bangkok 1447.84 1447.44 +0.03
Jakarta 4906.69 4869.85 +0.76
Manila 7635.62 7627.96 +0.10
Ho Chi Minh 629.85 616.61 +2.15