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ASEAN STOCK WATCH Asean Affairs  2 July 2014 


Singapore

02 July 2014

The Straits Times Index (STI) ended +21.27 points higher or +0.66% to 3264.18, taking the year-to-date performance to +3.13%.

The FTSE ST Mid Cap Index gained +0.28% while the FTSE ST Small Cap Index gained +0.62%. The top active stocks were DBS (+0.48%), RH PetroGas (+18.06%), OCBC Bank (+0.32%), SingTel (+0.78%) and CapitaMall Trust (-0.51%).

The outperforming sectors today were represented by the FTSE ST Utilities Index (+1.61%). The two biggest stocks of the FTSE ST Utilities Index are United Envirotech (+1.38%) and Hyflux  (+1.28%). The underperforming sector was the FTSE ST Technology Index, which declined -2.70% with Silverlake Axis’ share price declining -5.00% and STATS ChipPAC ’s share price declining -0.80%. The FTSE ST Consumer Services Index gained +0.97%.  The FTSE ST Real Estate Index gained +0.41%.

The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (-0.06%), Lyxor ETF MSCI India (+3.47%), Lyxor ETF Asia Ex (+0.41%).

The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-0.51%), Ascendas REIT (+1.75%), Keppel REIT (unchanged).

The most active index warrants by value today were HSI23200MBeCW140828 (+39.18%), HSI23600MBeCW140730 (+100.00%), HSI23200MBePW140730 (-38.46%).

The most active stock warrants by value today were SingPost MBeCW150402 (+10.42%), KepCorp MBeCW141201 (+1.71%), DBS MB eCW140901 (+7.58%).

 Singapore Stock Market
                                       Wednesday                  Tuesday
*ST Index                  3,263.91  +21.27     3,242.64  -13.03
Volume:                           1,927.7M                 1,841.1M
Value:                               $963.4M                  $765.7M
Gainers/Losers:                 272/154                     179/215


Malaysia

Daily Market Commentary (Securities)
2 Jul 2014

The FBM KLCI index gained 7.72 points or 0.41% on Wednesday. The Finance Index increased 0.17% to 17240.11 points, the Properties Index up 0.93% to 1443.91 points and the Plantation Index rose 0.42% to 9232.99 points. The market traded within a range of 9.00 points between an intra-day high of 1886.84 and a low of 1877.84 during the session.

Actively traded stocks include CSL, SUMATEC, KNM-WA, MINETEC, ECONBHD, MAS, KNM, IFCAMSC-WA, IRETEX-LA and SKPRES-WA. Trading volume increased to 1849.06 mil shares worth RM2007.01 mil as compared to Tuesday’s 1622.87 mil shares worth RM1510.15 mil.

Leading Movers were BAT (+46 sen to RM67.12), PPB (+30 sen to RM15.20), TENAGA (+18 sen to RM12.38), IOICORP (+7 sen to RM5.23) and UMW (+6 sen to RM11.02). Lagging Movers were PETDAG (-16 sen to RM23.82), HLBANK (-4 sen to RM13.86), GENTING (-2 sen to RM9.93) and KLCCP (-1 sen to RM6.52). Market breadth was positive with 470 gainers as compared to 336 losers.

The KLCI ended higher at 1886.84 points, in tandem with the broadly higher Asian markets. Local trading sentiment improved, supported by the stellar performance of Wall Street that surged to record high following a round of upbeat global economic data.


Indonesia

Trade Summary
Date As of:     02 July 2014    
Description               Volume                             Value          Frequency
ETF                           24,800                 15,767,700                   108
Stock             3,881,985,578    3,783,324,865,901             149,564
Warrant              20,614,200               795,341,700                 1,388
Total              3,902,624,578     3,784,135,975,301             151,060


Thailand

Thai alternative bourse to hold "InnoBiz Matching Day 2014" for SMEs

 
BANGKOK, July 1, 2014 - The Market for Alternative Investment (mai), under The Stock Exchange of Thailand (SET) group, jointly with alliances will hold "InnoBiz Matching Day" on July 1 for the eighth consecutive year, under the theme "Entrepreneurs build Entrepreneurs", enabling small- and medium-sized enterprises (SMEs) to present business plans and meet with venture capitalists.

There are six entrepreneurs selected to participate in the event.
 
The event, held to celebrate mai's 15th anniversary as well, is joined by the Securities and Exchange Commission, the Thai Venture Capital Association and National Science and Technology Development Agency.
 
mai President Prapan Charoenprawatt said, "There are altogether a great number of SMEs nationwide. Many of them consist of high potential business plans, both growth enterprises and social enterprises (focusing on social responsibilities while generating profits to finance themselves). Basically these SMEs have funding constraints. A significant source today is the venture capital which can boost SMEs' strengths by providing funds for business expansions, giving management advices including corporate restructuring and other related businesses, in order to enhance competitiveness and growth. In addition to business presentations, entrepreneurs will have the opportunity to meet with executives of both SET-listed and mai-listed companies to exchange views for business initiatives and opportunities."
 
In addition, mai has geared up to enhance 'Innobiz Matching Day' by allocating  funding sources to cover individual investors (Angel Fund), institutional
investors and listed companies keen to invest in new business, while continuously boosting SMEs' effectiveness.
 
As a result of the selection process, six entrepreneurs are entitled to  participate in the "Entrepreneurs build Entrepreneurs" program this year,
consisting of two social enterprises, two information and technology firms, one cosmetic firm and one agricultural firm, with total investment of THB 250
million.

Trading Summary

As of   2 July  2014         Unit: M.Baht
Type                              Buy                     Sell                      Net
Institution                 5,460.83           4,644.95                 815.88     
Proprietary              4,762.17            4,722.06                    40.11     
Foreign                  10,748.66          10,120.95                 627.72     
Individual               26,189.75          27,673.46             -1,483.71     
Total Trading Value     47,161.41 M.Baht     


Vietnam

Vietnam index ends up 0.1 pct on buying manufacturing stocks


 Vietnam's benchmark VN Index   ended up 0.13 percent on Wednesday in higher volume, supported by investors buying into manufacturing stocks ahead of the earnings season.

Volume rose 4.5 percent to nearly 110 million shares while the index neared its strong resistance level of 580 points, at which analysts said the market could fluctuate and some corrections are expected.

Refrigeration Electrical Engineering Corp   led the  market with a 3 percent rise, followed by top dairy products maker Vinamilk   which gained 2.46 percent.
   
 Listed companies are expected to release second-quarter results later this month or in August.
    
Here is a snapshot of the VN Index  at the close     
                  
                         VN Index        578.8              
                PREV. CLOSE       578.07              
                   % CHANGE        0.13%              
                                                      
                       HIGH       581.89              
                        LOW       576.88              


Asean

SE Asia Stocks - Thai SET index near 1-year high; banks lead


Thai stocks extended gains to a near one-year high on Wednesday as economic optimism and improving prospects of loan demand boosted banking shares, while others in Southeast Asia rose amid foreign fund inflows.
    
Active buying in Thailand's top four banks helped the SET index   rise for a fifth straight session, its longest  winning streak in a month. It ended up 0.4 percent at 1,491.81, its highest close since July 24.
    
Bangkok Bank   jumped 3.4 percent to about a seven-month high, while state-run Krung Thai Bank   also rose 3.4 percent to an eight-month high.
    
Stocks in Indonesia  rose for a third consecutive session to their highest in more than two weeks. Foreign investors were net buyers for a third session, adding 274 billion rupiah ($23 million) on Wednesday.   
    
Share markets in Singapore , Malaysia , the Philippines  and Vietnam   recovered from losses on Tuesday as Asian stocks hit a three-year peak in the wake of upbeat global economic data.  
    
Net foreign purchases on the Malaysian bourse were 156 million ringgit ($48.7 million), while in the Philippines foreign buying continued for a seventh day, with net buying of 402.6 million peso ($9.2 million).
     
 
SOUTHEAST ASIAN STOCK MARKETS
 
 Market                         Current       Prev Close       Pct Move
 TR SE Asia Index*       429.49            427.44             +0.48
 Singapore                   3263.91          3242.64             +0.66
 Kuala Lumpur            1886.84          1879.12              +0.41
 Bangkok                    1491.81          1485.75              +0.41
 Jakarta                      4908.27          4884.83               +0.48
 Manila                       6850.60           6826.61              +0.35
 Ho Chi Minh               578.80             578.07              +0.13



 
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This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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