ASEAN KEY DESTINATIONS
26 July 2017
The Straits Times Index (STI) ended 8.89 points or 0.27% higher to 3336.72, taking the year-to-date performance to +15.83%. For longer term observations please go to sgx.com/research.
The top active stocks today were Singtel, which gained 0.76%, ThaiBev, which declined 1.04%, DBS, which gained 1.34%, Rowsley, which declined 11.92% and OCBC Bank, with a 0.63% advance.
The FTSE ST Mid Cap Index declined 0.08%, while the FTSE ST Small Cap Index declined 0.33%.
The three most active Exchange Traded Funds (ETFs) by value today were:
STI ETF (+0.30%)
Lyxor Asia 10 (unchanged)
IS MSCI India (+0.35%)
The three most active Real Estate Investment Trusts (REITs) by value were:
CapitaLand Mall Trust (unchanged)
CapitaLand Commercial Trust (-1.44%)
Ascendas REIT (-0.37%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
DBS MB eCW171016 (+13.75%)
OCBC Bk MB eCW171201 (unchanged)
Singapore Stock Market
*ST Index 3,336.72 +8.89 3,327.83 +17.03
Volume: 2,708.2M 2,783.9M
Value: $1,174.1M $1,171.9M
Gainers/Losers: 175/272 214/265
Daily Market Commentary (Securities)
26 July 2017
The FBM KLCI index gained 2.66 points or 0.15% on Wednesday. The Finance Index increased 0.34% to 16752.64 points, the Properties Index dropped 0.03% to 1264.03 points and the Plantation Index rose 0.19% to 7853.49 points. The market traded within a range of 5.88 points between an intra-day high of 1766.70 and a low of 1760.82 during the session.
Actively traded stocks include UMWOG, GLOTEC, EKOVEST, FRONTKN, DNEX-WD, KRONO, AEMULUS, BKOON, IWCITY and DNEX. Trading volume decreased to 1303.28 mil shares worth RM1550.02 mil as compared to Tuesday’s 1678.57 mil shares worth RM1626.89 mil.
Leading Movers were HLFG (+16 sen to RM17.08), GENTING (+8 sen to RM9.67), WPRTS (+3 sen to RM3.73), ASTRO (+2 sen to RM2.55) and CIMB (+5 sen to RM6.40). Lagging Movers were BAT (-58 sen to RM44.06), MISC (-5 sen to RM7.39), HAPSENG (-5 sen to RM9.10), GENM (-3 sen to RM6.10) and AXIATA (-2 sen to RM4.69). Market breadth was negative with 375 gainers as compared to 431 losers.
The KLCI ended higher at 1766.00 points amid overnight gains in Wall Street. The performance of our local bourse were in line with regional peers.
Date As of: 26 July 2017
Description Volume Value Frequency
ETF 339,100 39,068,600 16
Stock 8,873,093,249 7,640,633,341,857 296,812
Right 1,350,000 1,350,000 03
Warrant 62,921,300 2,460,556,800 2,436
Total 8,937,703,649 7,643,134,317,257 299,267
SET to list Firetrade Engineering on July 27
Bangkok, July 26, 2017 - The Stock Exchange of Thailand (SET) will list Firetrade Engineering pcl, a full range of fire extinguisher importer and distributor, on July 27, under the ticker symbol "FTE". The company has a market capitalization at its initial public offering (IPO) of THB 1.77 billion (approx. USD 52 million).
SET Senior Executive Vice President Santi Kiranand said that FTE would list on SET in the Services industry, Commerce sector. FTE is the importer and distributor of the full array of fire extinguishers, automatic fire suppression and fire alarming system, and also provides design, installation, maintenance and repair services for firefighting devices and related system both indoor and outdoor for high and low-rise buildings, as well as industrial plants.
FTE is a distributor of firefighting equipment and system from the world's leading manufacturers, consisting of over 9,000 items under over 30 international brands. It has a subsidiary named Fire Inspector Co., Ltd., an importer and authorized distributor of automatic firefighting system including services of three leading brands namely JANUS (automatic clean agent and gas fire suppression system), FFE (smoke detectors) and FIKE (clean agent fire
FTE has a paid-up registered capital of THB 300 million, consisting of 450 million existing common shares and 150 million newly issued shares with a par value of THB 0.50 each. The company offered the newly issued shares to patrons of the underwriters and FTE during July 20-21 and 24, 2017, at THB 2.95 each for a total of THB 442.5 million. Asset Pro Management Co., Ltd. is the financial advisor and Finansia Syrus Securities pcl is the lead underwriter.
FTE Managing Director Taksin Tantipijit said that listing on SET would help boost confidence in the company's business, enhance image and strengthen financial position. The fund raised will be used to build a warehouse on approximately 10 rais of land (or 3.95 acres), instead of renting, for more efficient logistics system management. The company will also open sales & service offices in three major provinces: Rayong, Chiang Mai and Phuket where
real estate business and related industries are growing with high demand on fire extinguishing devices. As such, the products and services will be more accessible to the target consumers.
FTE's three major shareholders after the IPO are Taksin's group (64.27 percent),Banpote Chamroonroj (7.34 percent) and Suebphong Phiriyadamrongwutthi (1.84 percent). The IPO price is equivalent to price-to-earnings (P/E) ratio of 18.15 times, calculated by using the company's net profit of THB 97.51 million in the past 12 months (April 1, 2016 to March 31, 2017), divided by fully diluted shares, representing earnings per share of THB 0.16. FTE's dividend policy is to pay no less than 40 percent of net profit, based on the company's separate financial statement, after all legal reserves.
For more information, please see the company's prospectus at the Securities and Exchange Commission's website at www.sec.or.th ; and for general information, please visit www.firetrade.co.th and www.set.or.th.
As of 26 July 2017 Unit: M.Baht
Type Buy Sell Net
Institution 7,327.68 4,861.50 2,466.18
Proprietary 4,062.69 4,813.09 -750.40
Foreign 13,905.18 14,816.95 -911.77
Individual 16,948.62 17,752.64 -804.02
Total Trading Value 42,244.18 M.Baht
SE Asia Stocks-Higher; Philippine index closes at 1-yr top
Most Southeast Asian stock markets edged up on Wednesday as investors bet the U.S. Federal Reserve would
leave interest rates unchanged, focusing instead on when it would start paring its massive bond holdings.
The Fed is due to release its monetary policy statement at 1800 GMT after the conclusion of a two-day meeting.
"Everybody expects the Fed to do nothing tonight on interest rates," said Rakpong Chaisuparakul, a strategist with KGI
Securities Thailand. "But I think the more interesting factor to monitor is whether the Fed will signal balance-sheet
In Southeast Asia, Philippine shares .PSI rose 0.8 percent to close at their highest since Aug. 10, 2016, with real estate
stocks leading the gainers.
Ayala Land ALI.PS rose 1.7 percent to hit a record closing high, while SM Prime Holdings SMPH.PS climbed 1.8 percent.
The market is optimistic that the property sector will meet expectations when quarterly results are released starting next
week, said Jeffrey Lucero, an equity analyst with RCBC Securities.
Singapore shares .STI pared gains at the close after climbing as much as 0.6 percent in early trade.
DBS Group Holdings DBSM.SI rose 1.3 percent, while Singapore Telecommunications STEL.SI hit a four-month closing
high. Thai Beverage TBEV.SI gave up gains to end 1 percent lower.
Singapore's industrial production rose 13.1 percent in June from a year earlier, exceeding market expectations.
Vietnam .VNI gained 0.9 percent to touch its highest closing level in nearly two weeks. Vinamilk VNM.HM rose 0.8
percent, while Vingroup VIC.HM climbed 1.4 percent.
Malaysian shares .KLSE hit a near three-week closing high, while the Thai index .SETI edged up 0.1 percent.
Indonesia .JKSE closed marginally lower.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Previous Close Pct Move
Singapore 3336.72 3327.83 0.27
Bangkok 1583.17 1581.42 0.11
Manila 8037.51 7971.72 0.83
Jakarta 5800.206 5813.535 -0.23
Kuala Lumpur 1766 1763.34 0.15
Ho Chi Minh 773.88 767.27 0.86