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ASEAN STOCK WATCH Asean Affairs  7 July 2014 


07 July 2014

The Straits Times Index (STI) ended +19.32 points higher or +0.59% to 3291.57, taking the year-to-date performance to +4.00%.

The FTSE ST Mid Cap Index declined -0.25% while the FTSE ST Small Cap Index gained +0.16%. The top active stocks were UOB (+0.94%), DBS (+0.47%), SingTel (+0.78%), Global Logistic (+0.74%) and OCBC Bank (-0.11%).

The outperforming sectors today were represented by the FTSE ST Industrials Index (+1.04%). The two biggest stocks of the FTSE ST Industrials Index are Jardine Matheson Holdings (+2.02%) and Jardine Strategic Holdings  (+2.52%). The underperforming sector was the FTSE ST Technology Index, which declined -0.74% with Silverlake Axis’ share price declining -2.55% and STATS ChipPAC ’s share price declining -0.80%. The FTSE ST Consumer Services Index gained +0.50%.  The FTSE ST Real Estate Index declined -0.11%. The FTSE ST Utilities Index gained +0.76%.

The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India  (+1.08%), SPDR Gold Shares (-0.61%), DBXT FTSE Vietnam ETF (+1.16%).

The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-0.26%), Ascendas REIT (unchanged), Mapletree Greater China Commercial Trust (+1.13%).

The most active index warrants by value today were HSI23800MBeCW140828 (-4.49%), HSI23600MBeCW140730 (-9.21%), HSI23200MBePW140730 (-6.67%).

The most active stock warrants by value today were DBS MB eCW141201 (unchanged), DBS MB eCW140901 (-3.61%), UOB MB eCW140901 (+5.71%).

Singapore Stock Market
                             Monday                     Friday
*ST Index      3,291.57  +19.32        3,272.25  -0.9
Volume:               1,407M                    2,067.4M
Value:                $727.2M                        $863M
Gainers/Losers:   207/218                       237/197


Daily Market Commentary (Securities)
7 Jul 2014

The FBM KLCI index gained 7.59 points or 0.40% on Monday. The Finance Index increased 0.74% to 17346.63 points, the Properties Index up 0.59% to 1458.62 points and the Plantation Index down 0.10% to 9220.44 points. The market traded within a range of 9.43 points between an intra-day high of 1894.72 and a low of 1885.29 during the session.

Actively traded stocks include TALAMT, IRETEX-LA, JAKS, HUBLINE, BJCORP, HOVID-WB, CSL-WA, FRONTKN, SUMATEC and ASIAPAC. Trading volume increased to 1801.00 mil shares worth RM2163.00 mil as compared to Friday’s 1706.97 mil shares worth RM1652.87 mil.

Leading Movers were RHBCAP (+15 sen to RM8.70), IHH (+8 sen to RM4.57), CIMB (+9 sen to RM7.26), HLFG (+18 sen to RM16.28) and UMW (+10 sen to RM11.32). Lagging Movers were KLCCP (-12 sen to RM6.45), BAT (-42 sen to RM67.00), ASTRO (-2 sen to RM3.37), FGV (-2 sen to RM4.16) and ASTRO (-2 sen to RM3.37). Market breadth was positive with 491 gainers as compared to 357 losers.

The KLCI surged to a record closing of 1892.5 points in the first trading day of the week, underpinned by strong gains in banking counters including CIMB, RHB Cap and Hong Leong Finance Group while bucking the losses in most of regional peers that were dragged down by the speculation that strong labor market will lead Federal Reserve to raise interest rate sooner than expected.


Trade Summary
Date As of:     07 July 2014    
Description                Volume                          Value            Frequency
ETF                            47,200                  30,210,900                  403
Stock              6,918,048,139      7,944,206,445,633          224,016
Right                    40,993,200                  42,617,000                  106
Warrant               47,441,757              2,123,952,151              1,910
Total               7,006,530,296       7,946,403,225,684          226,435


Thai bourse lists Pinthong Industrial Park property fund on July 8

BANGKOK, July 7, 2014 - The Stock Exchange of Thailand (SET) will list Pinthong Industrial Park Property Fund, managed by SCB Asset Management Co., Ltd., worth THB 2.25 billion (approx. USD 69.0 million), on its main board on July 8, under the ticker "PPF".
Paveena Sriphothong, SET senior vice president, said that PPF would list and start trading on the Thai bourse's Property Fund & REITs sector on July 8. The property fund sold 224.51 million units via an initial public offering (IPO) at THB 10 per unit, with total value of THB 2.25 billion, during June 12 - 20.
PPF invests in freehold ownership on land and 90 units of factories and warehouses, as well as multipurpose areas and rental buildings located in Pinthong Industrial Estate, Pinthong Industrial Estate (Laem Chabang) and Pinthong Industrial Estate (Project 3), Si Racha district, Chonburi province.

The property, transferred from Pinthong Inustrial Park Co., Ltd. and PIP Land and Factory Co., Ltd., are located in the land distribution center and its major tenants are automobile manufacturers. In addition, the property is managed by Pinthong Industrial Park Co., Ltd. with over 18-year experience in developing such specific properties as factory and warehouse.
Smith Banomyong, SCB Asset Management president, said Pinthong Industrial Park  Co., Ltd. and PIP Land and Factory Co., Ltd. have agreed to guarantee the occupancy by paying rental fee for the vacant space for three years starting from the registration date of transfer, or until the space is occupied by any single tenant, in order to secure confidence for unit holders.
PPF is a closed-end specific property fund with no maturity. Its dividend policy is to pay no less than twice a year at 90 percent of adjusted net profit of its financial year. The fund's top three unit holders after its IPO are Pinthong Industrial Park Co., Ltd. (30 percent), Bangkok Life Assurance pcl (8.91
percent) and Social Security Office (8.91 percent).

Trading Summary

As of  7 July  2014         Unit: M.Baht
Type                             Buy              Sell                      Net
Institution                4,202.10       4,004.96               197.14     
Proprietary             2,605.90       3,213.17              -607.27     
Foreign                   8,972.93       7,258.74            1,714.20     
Individual              21,552.31       2,856.38           -1,304.07     
Total Trading Value     37,333.25 M.Baht     


Vietnam index ends near 3-mth high, Vingroup leads

Vietnam's benchmark VN Index   closed up 0.23 percent on Monday at 590.69 points, the highest since April 14, led by gains in property firm Vingroup  following news on its 2013 dividend payments.

The Hanoi-based firm will pay 2,149 dong (10 U.S. cents) per share, or 21.49 percent of the share's face value, and another 48.7 percent by stocks under its 2013 dividend payment in the third quarter of this year, Vingroup said in a shareholders' report seen by Reuters.

VIC shares closed up 6.77 percent at 71,000 dong each, the highest since April 8, Reuters data showed.
But profit taking in mid-cap and penny stocks as well as losses in big-cap shares, including Vietnam's top firm by market value PetroVietNam Gas , trimmed gains in early trade, said deputy manager Nguyen Tuan of An Binh Securities.
GAS ended down 1.79 percent on Monday.
Here is a snapshot of the VN Index   at the close

                     VN Index      590.69             
             PREV. CLOSE      589.35             
                % CHANGE       0.23%             
                    HIGH      594.84             
                     LOW      589.61


SE Asia Stocks -Indonesia posts best gain since April; Malaysia at all-time high  

Indonesian shares posted their best gain in three months on Monday amid a rise in the rupiah  and inflows into large-caps while the Malaysian benchmark hit an all-time closing high, with banking shares leading the pack.
 Foreign investors cautiously built positions in equities again, with the presidential election just two days away. They were net buyers of big-caps such as Telkom Indonesia and Bank Rakyat Indonesia.,
The Indonesian stock market recorded its first net foreign buying in three days, bringing in a net 760.6 billion rupiah ($65.04 million). It saw a fall in inflows to $234 million in May, a third of the month earlier, amid election uncertainty.
Jakarta's composite index   closed up 1.7 percent, recording its biggest gain since April 1, while the rupiah extended gains to a five-week high.  
Kuala Lumpur's composite index   rose 0.4 percent to a record close of 1,892.50, amid active buying in shares of Maybank   and Public Bank , with interest rates seen on the rise.
Malaysia's central bank is expected to raise its key interest rate to 3.25 percent at a policy meeting on Thursday, a Reuters poll showed.
The Philippines   recorded inflows worth a net 901 million pesos ($20.72 million) with foreign buying in shares such as Bank of the Philippine Islands and property shares including Megaworld .
 In Bangkok, the SET index   closed above a psychological level of 1,500, helped by a 2.2 percent jump in shares of top energy firm PTT  and foreign inflows worth a net 1.7 billion baht ($30.86 million).    
Singapore posted a fifth straight gain while Vietnam  ended near a three-month high.  

 Market                          Current      Prev Close    Pct Move
 TR SE Asia Index*        435.97            432.40       +0.83
 Singapore                     3291.57          3272.25       +0.59
 Kuala Lumpur              1892.50          1884.91        +0.40
 Bangkok                      1503.21          1495.83        +0.49
 Jakarta                         4989.03          4905.83        +1.70
 Manila                          6999.10          6962.28        +0.53
 Ho Chi Minh                  590.69            589.35         +0.23

Today's  Stories                            July 7, 2014 Subsribe Now !
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ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


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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