ASEAN KEY DESTINATIONS
04 July 2014
The Straits Times Index (STI) ended -0.90 points lower or -0.03% to 3272.25, taking the year-to-date performance to +3.39%.
The FTSE ST Mid Cap Index gained +0.30% while the FTSE ST Small Cap Index gained +0.17%. The top active stocks were UOB (+1.30%), Hongkong Land (unchanged), DBS (+0.35%), SingTel (-0.26%) and OCBC Bank (-0.21%).
The outperforming sectors today were represented by the FTSE ST Utilities Index (+0.82%). The two biggest stocks of the FTSE ST Utilities Index are United Envirotech (+1.03%) and Hyflux (+0.43%). The underperforming sector was the FTSE ST Consumer Goods Index, which declined -0.35% with Wilmar International ’s share price gaining +0.31% and Thai Beverage ’s share price declining -1.59%. The FTSE ST Consumer Services Index gained +0.11%. The FTSE ST Real Estate Index gained +0.02%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (unchanged), SPDR Gold Shares (+0.01%), CIMB FTSE Asean40 (+0.37%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-0.51%), Ascendas REIT (-0.43%), CapitaCommercial Trust (+0.30%).
The most active index warrants by value today were HSI23800MBeCW140828 (-2.20%), HSI23600MBeCW140730 (-3.80%), HSI23200MBePW140730 (-1.64%).
The most active stock warrants by value today were UOB MB eCW140901 (+16.67%), KepCorp MBeCW141201 (-1.64%), DBS MB eCW140901 (+6.41%).
Singapore Stock Market
*ST Index 3,272.25 -0.9 3,273.15 +9.24
Volume: 2,067.4M 2,149.9M
Value: $863M $1,032.9M
Gainers/Losers: 237/197 253/169
Daily Market Commentary (Securities)
4 Jul 2014
The FBM KLCI index lost 3.78 points or 0.20% on Friday. The Finance Index fell 0.21% to 17219.96 points, the Properties Index up 0.28% to 1450.04 points and the Plantation Index down 0.19% to 9229.75 points. The market traded within a range of 5.92 points between an intra-day high of 1891.43 and a low of 1885.51 during the session.
Actively traded stocks include CSL, KNM-WA, EAH, MAS, KNM, IRETEX-LA, ECONBHD, TALAMT, CSL-WA and SUMATEC. Trading volume increased to 1706.97 mil shares worth RM1652.87 mil as compared to Thursday’s 1600.30 mil shares worth RM1915.38 mil.
Leading Movers were BAT (+76 sen to RM67.42), IHH (+6 sen to RM4.49), KLCCP (+4 sen to RM6.57), PETGAS (+4 sen to RM24.38) and HLFG (+2 sen to RM16.10). Lagging Movers were CIMB (-13 sen to RM7.17), PETDAG (-12 sen to RM23.68), PPB (-8 sen to RM14.90), KLK (-8 sen to RM24.18) and ASTRO (-8 sen to RM3.39). Market breadth was positive with 482 gainers as compared to 369 losers.
The KLCI ended marginally lower at 1884.91 points on the last trading day of the week. Investors remained cautious despite the jump of U.S. market to historic high, as our benchmark index is hovering near its record high level.
JCI up 0.34% by lunchtime
The Jakarta Composite Index (JCI) strengthened by 0.34 percent to finish at 4,905.24 by 12 pm on Friday.
The Indonesia Stock Exchange (IDX) data showed that 168 traded stocks strengthened during the midday trading session, while 85 stocks went down and 63 stocks went unchanged, kontan.co.id reported.
Shares in seven out of 10 sectors traded on IDX made improvements at noon, with the construction sector leading the list.
Other sectors which strengthened were finance, basic industry, agriculture and consumer goods.
The volume of transactions involved 3 billion stocks worth Rp 3.3 trillion (US$277.2 million).
Thai alternative bourse welcomes financial firm AIRA Capital
BANGKOK, July 4, 2014 - Market for Alternative Investment (mai), under The Stock Exchange of Thailand (SET) group, will list AIRA Capital pcl on July 7, under the ticker symbol "AIRA." The company, listing via market capitalization test, has a market capitalization at its initial public offering (IPO) of THB 2.92 billion (approx. USD 87.4 million).
Prapan Charoenprawatt, mai President, said that AIRA is a holding company in financial businesses with AIRA Securities pcl as its core company, while holding the firm's stakes, both directly and indirectly, in its three subsidiaries, namely mai-listed AIRA Factoring pcl (AF), AIRA Advisory Co., Ltd., and AIRA International Advisory (Singapore) Pte. Ltd.
AIRA has a paid-up registered capital of THB 973.21 million, consisting of 3,116.73 million existing common shares and 776.11 million newly-issued shares, with a par value of THB 0.25. It sold 633.93 million new shares to the general public via initial public offerings (IPOs) and 124.67 million shares to the existing stakeholders during June 26-27 and 30. In addition, the company also offered warrants to directors and employees (ESOP warrant) of 17.51 million shares at the exercise price of THB 0.25 each. The total fund raised was THB 573.33 million. Maybank Kim Eng Securities (Thailand) pcl is the financial advisor and lead underwriter.
Nalinee Ngamsettamas, AIRA's chief executive officer, said, "The listing on mai will definitely strengthen the company's financial status and accommodate expansion plans in three key areas: customer base, business growth and investment. The expansion will cover not only domestic market but also overseas markets (AEC). We will focus on quality development and expansion; aiming for sustainable growth and generating secure returns to investors in the long run."
AIRA's three major shareholders after shares offering and exercising ESOP warrants are J R K Holding Co., Ltd. wholly owned by Chulangkul family (37.19 percent), Nalinee Ngamsettamas's family (10.06 percent) and Komol Chungrungreangkit (8.10 percent). The IPO price was calculated using a price/book ratio (P/BV) of 2.36 times; March's P/BV divided by common shares before IPOs. AIRA's P/BV will become 1.87 times after the sales of its new shares and ESOP warrants while the mai one-year (June 7, 2013 - June 6, 2014) P/BV equals to 2.92 times. AIRA's dividend policy is to pay no less than 50 percent of its individual net profits after taxes and reserves.
As of 4 July 2014 Unit: M.Baht
Type Buy Sell Net
Institution 5,276.57 5,168.26 108.31
Proprietary 4,585.23 4,744.03 -158.80
Foreign 7,221.46 7,257.58 -36.12
Individual 29,155.16 29,068.55 86.62
Total Trading Value 46,238.41 M.Baht
SE Asia Stocks - Thai index near 1-year high; Indonesia up ahead of election
Thailand's key stock market index posted a seventh straight gain to a near one-year high on Friday as the prospects of loan demand growth lifted banking stocks, while foreign buying of selected large caps in Indonesia took the benchmark there to a more than three-week high.
Bangkok's SET index rose 0.2 percent, finishing the week 0.9 percent higher. Shares of Siam Commercial Bank climbed 2 percent to a 1-month high amid positive broker ratings.
Nineteen of 27 analysts rate the stock a 'buy' or 'strong buy', seven put 'hold' and one has a 'sell' rating, Thomson Reuters data showed.
"Management signalled that SCB is ready to shift its game plan from defence to offence ... SCB remains one of our sector favourites, with its likely-solid second quarter earnings as a potential near-term re-rating catalyst," broker CIMB said in a report.
Jakarta's composite index ended up 0.4 percent, with a weekly gain of 1.3 percent, its first in four weeks. Stock exchange data showed net foreign buying in shares of Telkom Indonesia and Bank Rakyat Indonesia.
Indonesia's presidential election is due on Wednesday.
Other stock markets in Southeast Asia also notched up gains on the week. Vietnam and the Philippines were each up about 1.8 percent, while Singapore and Malaysia ended slightly higher.
For Asian Companies click; urn:newsml:reuters.com:*:nTOPEQA For South East Asia Hot Stock reports, click;
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 432.40 430.64 +0.41
Singapore 3272.25 3273.15 -0.03
Kuala Lumpur 1884.91 1888.69 -0.20
Bangkok 1495.83 1493.21 +0.18
Jakarta 4905.83 4888.74 +0.35
Manila 6962.28 6899.31 +0.91
Ho Chi Minh 589.35 585.02 +0.74
Asian stocks rise on strong US jobs report
Asian stock markets were mostly higher Friday after the U.S. reported strong hiring for June. European markets faded after being boosted by the jobs data the day before.
U.S. markets are closed for the Fourth of July holiday, leading to relatively muted trading elsewhere.
Early in Europe, Britain's FTSE 100 inched down 0.1 percent to 6,860.96 and France's CAC-40 dropped 0.1 percent to 4,486.24. Germany's DAX was down less than 0.1 percent at 10,025.14.
Asian stock markets mostly rose after the strong U.S. jobs report for June boosted a major Wall Street index to a record high.
The Nikkei 225 average, the benchmark for the Tokyo Stock Exchange, gained 0.6 percent to finish at 15,437.13 while Hong Kong's Hang Seng added 0.1 percent to 23,546.36.
"The big factor was the rise in the U.S. market," said Yutaka Miura, senior technical analyst at Mizuho Securities Co. in Tokyo.
On Thursday, the Dow Jones industrial average was buoyed by the jobs figures and topped 17,000 for the first time, another in a string of records for the index that has lifted portfolios in a five-year bull market for stocks.
The government reported that U.S. employers added 288,000 workers to their payrolls in June and the unemployment rate fell to 6.1 percent. The U.S. economy is now creating about 231,000 jobs each month in 2014, compared to roughly 194,000 a month last year.
The jobs report is the latest piece of data to show the world's biggest economy continues to improve steadily. Also helping stocks are solid corporate earnings and continued support from central banks.
The Kospi in South Korea was little changed at 2,009.66. Australia's S&P/ASX 200 added 0.6 percent to 5,525.Markets in Southeast Asia were also higher.
The long weekend appeared to have kept overseas players away, and trading volume was low, said Miura.
"There was buying at first but then the momentum didn't keep up," he said of Friday's trading.
In energy trading, benchmark U.S. crude for August delivery was up 1 cent to $104.07 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 42 cents to $104.06 on Thursday, its sixth day of declines.
In currencies, the euro slipped to $1.3604 from $1.3609 late Thursday. The dollar fell to 102.09 yen from 102.21 yen.