ASEAN KEY DESTINATIONS
27 July 2016
The Straits Times Index (STI) ended 8.05 points or 0.27% higher to 2941.49, taking the year-to-date performance to +2.04%.
The top active stocks today were Singtel, which declined 0.23%, DBS, which gained 0.37%, Wilmar Intl, which gained 0.98%, UOB, which gained 0.42% and OCBC Bank, with a 0.11% advance.
The FTSE ST Mid Cap Index gained 0.18%, while the FTSE ST Small Cap Index rose 0.32%.
The outperforming sectors today were represented by the FTSE ST Health Care Index, which rose 1.70%. The two biggest stocks of the Index - Raffles Medical Group and Riverstone Holdings - ended 2.27% higher and 0.56% lower respectively.
The underperforming sector was the FTSE ST Real Estate Investment Trusts Index, which slipped 0.39%. CapitaLand Mall Trust shares declined 2.27% and Ascendas REIT declined 0.78%.
The three most active Exchange Traded Funds (ETFs) by value today were:
SPDR Gold Shares (-0.20%)
DBXT MSCI Asia Ex Japan ETF (+0.47%)
DBXT MSCI Taiwan ETF (+1.43%)
The three most active Real Estate Investment Trusts (REITs) by value were:
CapitaLand Mall Trust (-2.27%)
Ascendas REIT (-0.78%)
Mapletree Com Tr (+2.33%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
DBS MB eCW161031 (+3.30%)
UOB MB eCW161130 (+6.78%)
OCBC Bk MBeCW170118 (-1.89%)
Singapore Stock Market
*ST Index 2,941.49 +8.05 2,933.44 +3.59
Volume: 991.1M 1,114.9M
Value: $818.5M $1,026.7M
Gainers/Losers: 212/182 167/209
Daily Market Commentary (Securities)
27 July 2016
The FBM KLCI index gained 2.14 points or 0.13% on Wednesday. The Finance Index increased 0.46% to 14240.53 points, the Properties Index up 0.07% to 1162.38 points and the Plantation Index rose 0.20% to 7578.84 points. The market traded within a range of 5.52 points between an intra-day high of 1664.76 and a low of 1659.24 during the session.
Actively traded stocks include THHEAVY, SUMATEC, PDZ, SANICHI, AAX, BORNOIL, BORNOIL-WC, TRIVE, SKH and AMEDIA. Trading volume increased to 1752.21 mil shares worth RM1708.04 mil as compared to Tuesday’s 1396.02 mil shares worth RM1561.90 mil.
Leading Movers were CIMB (+11 sen to RM4.29), GENTING (+19 sen to RM8.90), PETDAG (+44 sen to RM23.36), AMMB (+7 sen to RM4.36) and SKPETRO (+2 sen to RM1.44). Lagging Movers were BAT (-620 sen to RM49.80), AXIATA (-8 sen to RM5.67), MAYBANK (-6 sen to RM8.03), WPRTS (-3 sen to RM4.34) and YTL (-1 sen to RM1.67). Market breadth was positive with 430 gainers as compared to 343 losers.
The KLCI inched up and closed marginally higher at 1663.56 points with last minute spike despite overnight mixed performance in US market. The performance of our local bourse was lifted by buying interest in heavy weight counters such as CIMB, Genting and Sapurakencana Petroleum.
Date As of: 27 July 2016
Description Volume Value Frequency
ETF 32,200 21,250,700 29
Stock 5,938,966,682 10,145,784,844,054 300,094
Right 2,061,300 2,061,300 10
Warrant 4,915,500 105,849,200 323
Total 5,945,975,682 10,145,914,005,254 300,456
Thai bourse to list Business Alignment on July 28
BANGKOK, July 27, 2016 - Market for Alternative Investment (mai) will list Business Alignment pcl, a radiotherapy equipment supplier, on July 28, under the ticker symbol "BIZ". The company has a market capitalization at its initial public offering (IPO) of THB 1.16 billion (approximately USD 32.95 million).
mai President Prapan Charoenprawatt said that BIZ would list and start trading on mai in the Consumer Products industry group. BIZ supplied imported radiotherapy equipment for cancer therapy, and provided full-services from installation to maintenance for large-sized public and private hospitals in Thailand such as Chulalongkorn hospital, The Thai Red Cross Society, as well as faculty of medicine of Siriraj hospital, Ramathibodi hospital, Khon Kaen University (in the northeast), and Prince of Songkla University (in the southern part of Thailand.)
BIZ has a paid-up registered capital of THB 200 million, consisting of 300 million existing common shares and 100 million newly issued shares, with a par value of THB 0.50 each. During July 20-22, it offered newly issued shares to the general public via IPO, at THB 2.90 each, for a total of THB 290 million. Asset Pro Management Co., Ltd is the financial advisor, While Phillip securities (Thailand) pcl is its underwriter.
BIZ Chief Executive Officer Sompong Chunekitiyanone said BIZ has had more than 15 years of experience with global business partners, as sole distributor in Thailand of Varian Medical Systems Inc., a leading software and radiation therapy equipment for cancer treatment. To strengthen financial capabilities, the fund raised would be used to increase liquidity and increase supply of radiotherapy equipment due to the rising demand in Thailand.
BIZ's three major shareholders after the IPO are Sompong Chunekitiyanone (32.06 percent), Silapusid Family (32.06 percent) and Noppadol Suntanaphanich (6.00 percent). The IPO price was equivalent to price-to-earnings ratio (P/E ratio) of 49.8 times calculated by using the company's net profit in the past 12 months (April 1, 2015 - March 31,2016) of THB 23.28 million, divided by fully diluted shares, representing earnings per share of THB 0.0582. BIZ's dividend policy is to pay no less than 40 percent of net profits after legal reserve.
As of 27 July 2016 Unit: M.Baht
Type Buy Sell Net
Institution 6,256.52 6,409.87 -153.34
Proprietary 5,891.64 6,304.03 -412.39
Foreign 16,042.64 12,851.02 3,191.62
Individual 31,664.26 34,290.14 -2,625.89
Total Trading Value 59,855.06 M.Baht
SE Asia Stocks-Higher on BOJ stimulus; Indonesia ends at 14-mth high
Southeast Asian stock markets closed higher on Wednesday on a larger-than-expected economic stimulus package from Japan, and ahead of the outcome of the U.S. Federal Reserve policy meeting later in the day.
Japanese Prime Minister Shinzo Abe unveiled a stimulus package of more than 28 trillion yen ($265 billion), exceeding initial estimates of around 20 trillion yen.
"The hope of stimulus from Japan had diminished a couple of weeks back, but recent reports on the likelihood of one have got
the markets upbeat again," said Manny Cruz, an analyst with Manila-based Asiasec Equities.
The Fed is expected to leave interest rates unchanged when it concludes its meeting on Wednesday as policymakers hold out
for more evidence of a pickup in inflation.
Vietnam shares .VNI closed 1.2 percent higher, driven by energy and financials, on encouraging July industrial production
data and as the country expects to post a trade surplus in July against a deficit in June.
Petrovietnam Gas Joint Stock Corp GAS.HM and PetroVietnam Drilling & Well Service Corp PVD.HM gained 2.5 percent and 1.6
Indonesia .JKSE finished 1 percent up, its highest close in more than 14 months. Financials and utilities led the gains, with Bank Central Asia Tbk PT BBCA.JK up 1.9 percent while Perusahaan Gas Negara Tbk PT PGAS.JK added 5.1 percent.
Indonesia's president on Wednesday appointed World Bank managing director Sri Mulyani Indrawati as the country's new
finance minister, as part a wider cabinet reshuffle aimed at increasing the effectiveness of his team.
Philippine shares .PSI closed 1 percent higher, led by consumer cyclicals and consumer staples.
Restaurant chain Jollibee Foods JFC.PS and food and beverage firm JG Summit Holdings JGS.PS were the biggest
gainers on the index.
Thai shares .SETI closed 0.7 percent higher as June exports fell less than expected.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Previous Close Pct Move
Singapore 2941.49 2933.44 0.27
Bangkok 1515.40 1504.81 0.70
Manila 8100.48 8024.54 0.95
Jakarta 5274.361 5224.395 0.96
Kuala Lumpur 1663.56 1661.42 0.13
Ho Chi Minh 656.11 648.59 1.16