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ASEAN STOCK WATCH Asean Affairs  3 July 2014 


03 July 2014

The Straits Times Index (STI) ended +11.39 points higher or +0.35% to 3275.3, taking the year-to-date performance to +3.49%.

The FTSE ST Mid Cap Index gained +0.47% while the FTSE ST Small Cap Index gained +0.29%. The top active stocks were DBS (+0.77%), UOB (+1.85%), RH PetroGas (-6.47%), OCBC Bank (+0.11%) and SingTel (-0.26%).

The outperforming sectors today were represented by the FTSE ST Technology Index (+1.01%). The two biggest stocks of the FTSE ST Technology Index are Silverlake Axis (+1.75%) and STATS ChipPAC (+0.81%). The underperforming sector was the FTSE ST Utilities Index, which declined -1.13% with United Envirotech ’s share price declining -1.02% and Hyflux ’s share price declining -1.26%. The FTSE ST Consumer Services Index declined -0.12%.  The FTSE ST Real Estate Index gained +0.37%.

The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (-0.26%), IS MSCI India  (+0.14%), DBXT AUD SSA Bonds ETF (+1.36%).

The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (unchanged), Ascendas REIT (+0.43%), Suntec REIT (+1.11%).

The most active index warrants by value today were HSI23800MBeCW140828 (-1.09%), HSI23600MBeCW140730 (-1.25%), HSI23200MBePW140730 (-4.69%).

The most active stock warrants by value today were UOB MB eCW140901 (+27.66%), KepCorp MBeCW141201 (+2.52%), DBS MB eCW140901 (+9.86%).

Singapore Stock Market
                                   Thursday                 Wednesday
*ST Index            3,273.15  +9.24        3,263.91  +21.27
Volume:                    2,149.9M                   1,927.7M
Value:                     $1,032.9M                    $963.4M
Gainers/Losers:           253/169                      272/154


Daily Market Commentary (Securities)

3 Jul 2014

The FBM KLCI index gained 1.85 points or 0.10% on Thursday. The Finance Index increased 0.09% to 17255.89 points, the Properties Index up 0.14% to 1445.97 points and the Plantation Index rose 0.15% to 9247.03 points. The market traded within a range of 6.33 points between an intra-day high of 1891.10 and a low of 1884.77 during the session.

Actively traded stocks include MAS, CSL, IRETEX-LA, SUMATEC, KNM-WA, MINETEC, LBALUM, OLYMPIA, KNM and JOHAN. Trading volume decreased to 1600.30 mil shares worth RM1915.38 mil as compared to Wednesday’s 1849.06 mil shares worth RM2007.01 mil.

Leading Movers were UMW (+26 sen to RM11.28), PBBANK (+14 sen to RM19.90), MISC (+9 sen to RM6.59), TENAGA (+8 sen to RM12.46) and ASTRO (+6 sen to RM3.47). Lagging Movers were BAT (-46 sen to RM66.66), PPB (-22 sen to RM14.98), PETGAS (-6 sen to RM24.34), CIMB (-5 sen to RM7.30) and HLFG (-4 sen to RM16.08). Market breadth was negative with 408 gainers as compared to 415 losers.

The KLCI closed marginally higher at 1888.69 points. The flattish performance of our local bourse was in line with regional markets. Investors were reluctant to take position ahead of key U.S. economic data and a meeting of the European Central Bank.


Trade Summary
Date As of:     03 July 2014    
Description                  Volume                           Value            Frequency
ETF                             11,900                    5,435,400                    119
Stock               4,735,799,750      5,022,911,974,003             197,743
Warrant                 50,502,900             2,392,473,400                 1,753
Total                 4,786,314,550      5,025,309,882,803             199,615


Thai IPOs remains sound in H1 despite domestic uncertainties

BANGKOK, July 3, 2014 – The Stock Exchange of Thailand (SET) revealed that 17 newly listed companies raised funds through SET and its Market for Alternative Investment (mai) in the half of the year with a combined market capitalization of THB127.14 billion (approx. USD 3.8 billion), although domestic uncertainties have adversely affected the overall investment.

SET’s Executive Vice President Chanitr Charnchainarong said, “From the beginning of June, the Thai economic outlook has shown a brighter prospect.  The Thai stock market has been improving and daily trading value has also been increasing, while companies have been continuing to list on both SET and mai. This reinforced the fundamentals that business sector is still confident in the Thai capital market, realizing the significance in fundraising for business expansion, despite lingering concerns on political and economic situations.”     

With the positive figures of the first-half IPOs market, SET is on track to achieving its target of THB 210 billion. The 17  IPOs, consisting of nine SET-listed firms, four mai-listed firms, and four property funds, altogether raised THB 52.26 billion; with Thai Hotel Investment Freehold Leasehold property fund (THIF) being the biggest IPO in the first half, having raised THB 26.2 billion.  Meanwhile, the market capitalization of these IPOs rose by 32 percent from their IPO market capitalization (as of June). In addition, most of the newly listed companies’ current stock prices are on average 49 percent higher than their IPO prices.
“A positive scenario is apparent as there are nine new securities received approval from the Securities and Exchange Commission (SEC) to be listed on the Thai capital market; moreover, 29 securities have submitted filings to the SEC. On top of this, it is possible that 19 more securities will submit the filings by the year end,” Chanitr added.

Trading Summary

As of   3 July  2014         Unit: M.Baht
Type                              Buy                     Sell                     Net
Institution                 4,219.89            4,062.60               157.30     
Proprietary              3,752.35             4,332.98             -580.63     
Foreign                   8,449.13              8,003.05              446.08     
Individual              24,649.27            24,672.02               -22.75     
Total Trading Value     41,070.64 M.Baht     


Vietnam index closes near 3-mth high, more gains ahead

Vietnam's benchmark VN Index   ended up 1.07 percent on Thursday at 585.02 points, its highest close since April 15, with solid buying likely to boost
stocks in coming weeks.

Volume jumped 22.9 percent from the previous day to 131.5 million shares, according to Reuters data.
Shares of manufacturing, property, financial and energy firms gained.  

PetroVietNam Gas , the country's biggest listed firm by capitalisation, advanced 1.83 percent, and dairy product maker Vinamilk   rose 1.6 percent to its highest close in nearly two months, Reuters data showed.
Technical calculations combining with steady rises and improved volume showed the index could further gain within one month, possibly reaching its year-high level around 610 points, said analyst Hoang Huy of ACB Securities.

Here is a snapshot of the VN Index   at the close

                         VN Index       585.02              
                  PREV. CLOSE        578.8              
                   % CHANGE        1.07%              
                      HIGH       585.02              
                       LOW       580.55              


SE Asia Stocks -Indonesia ends 3-day rally; Philippine at 13-month high  

Indonesian shares snapped three sessions of gains on Thursday amid profit-taking and a weaker rupiah   ahead of the presidential election next week,
while Philippine stocks rose for the second day to a 13-month high amid inflows into banking shares.
Jakarta's composite index   fell 0.4 percent after hitting its highest level in more than two weeks on Wednesday.
Banking shares, which led the recent rally, fell on foreign-led selling.
Bank Mandiri  , the most actively traded stock, dropped 2 percent, erasing gains made over the past three days.
Indonesia posted foreign outflows worth a net 207 billion rupiah ($17.37 million), its first in four days
The Philippine main index  closed at a 13-month high of 6,899.31, as banks such as BDO Unibank  and Bank of the Philippine Islands  <BPI.PS>  rose amid foreign buying, stock exchange data showed.
Banks also led gainers on Thailand's key SET index.
The banking subindex   was up 0.6 percent, extending Wednesday's gains. The two-day rally made the sector overbought with the 14-day relative strength index ending at 73.38, with a level over 70 considered overbought.
Stocks in Singapore  and Malaysia   were little changed, in line with Asian stock markets   , while Vietnam   closed near a three-month high.  
 Market                           Current       Prev Close      Pct Move
 TR SE Asia Index*         430.60             429.65           +0.22
 Singapore                     3273.15            3263.91          +0.28
 Kuala Lumpur              1888.69            1886.84           +0.10
 Bangkok                      1493.21            1491.81           +0.09
 Jakarta                         4888.73            4908.27            -0.40
 Manila                          6899.31            6850.60           +0.71
 Ho Chi Minh                  585.02              578.80           +1.07

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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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