ASEAN KEY DESTINATIONS
08 July 2016
The Straits Times Index (STI) ended 16.84 points or 0.59% lower to 2845.33, taking the year-to-date performance to -1.30%.
The top active stocks today were SingTel, which declined 0.72%, UOB, which declined 0.17%, DBS, which gained 0.13%, OCBC Bank, which declined 0.57% and Noble, with an 8.15% fall.
The FTSE ST Mid Cap Index declined 0.62%, while the FTSE ST Small Cap Index declined 0.50%.
The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 1.60%. The two biggest stocks of the Index - Silverlake Axis and CSE Global - ended 1.89% higher and 1.14% higher respectively.
The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 1.67%. Keppel Corp shares declined 1.80% and Sembcorp Industries declined 0.70%.
The three most active Exchange Traded Funds (ETFs) by value today were:
SPDR Gold Shares (-0.66%)
Lyxor Asia 10 (unchanged)
DBXT MSCI Taiwan ETF 10 (-1.59%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Ascendas REIT (-1.61%)
CapitaMall Trust (-0.46%)
CapitaCom Trust (-1.62%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
DBS MB eCW161031 (-2.50%)
OCBC Bk MBeCW161004 (-6.58%)
UOB MB eCW161031 (-5.33%)
Singapore Stock Market
*ST Index 2,847.04 -15.13 2,862.17 -2.5
Volume: 1,463.8M 1,633.7M
Value: $887.1M $1,194.7M
Gainers/Losers: 152/223 188/202
Daily Market Commentary (Securities)
8 July 2016
The FBM KLCI index lost 6.17 points or 0.37% on Friday. The Finance Index increased 0.11% to 14274.31 points, the Properties Index dropped 0.29% to 1128.26 points and the Plantation Index down 0.74% to 7517.37 points. The market traded within a range of 15.35 points between an intra-day high of 1656.03 and a low of 1640.68 during the session.
Actively traded stocks include BORNOIL, BORNOIL-WC, DNEX-OR, HSI-C21, THHEAVY, VIVOCOM, SANICHI, AAX, AIRASIA and HSI-C30. Trading volume increased to 1229.28 mil shares worth RM1444.74 mil as compared to Tuesday’s 635.91 mil shares worth RM710.99 mil.
Leading Movers were HLFG (+42 sen to RM15.30), KLCC (+9 sen to RM7.64), CIMB (+4 sen to RM4.39), MAXIS (+5 sen to RM5.93) and IHH (+3 sen to RM6.63). Lagging Movers were SKPETRO (-5 sen to RM1.39), GENM (-10 sen to RM4.29), IOICORP (-9 sen to RM4.28), PETGAS (-46 sen to RM22.20) and SIME (-13 sen to RM7.41). Market breadth was negative with 305 gainers as compared to 387 losers.
The KLCI remained in negative territory on the first trading day after Hari Raya Aidifitri holidays at 1644.54 points. Market sentiment was muted, amid lower oil prices and caution ahead of US June non-farm payrolls data.
Thai bourse to list BT Wealth Industries on July 11
BANGKOK, July 8, 2016 - Market for Alternative Investment (mai) will list BT Wealth Industries pcl, a holding company with core subsidiary in steel fabrication business, on July 11, under the ticker symbol "BTW". The company has a market capitalization at its initial public offering (IPO) of THB 2.84 billion (approximately USD 79.86 million).
mai President Prapan Charoenprawatt said that BTW would list and start trading on mai in the Property & Construction Industry Group. BTW was a holding company investing in Best Tech & Engineering Ltd., a core subsidiary which produced fabricated steel products for large-scale construction projects both inbound and outbound, such as mining, energy, gas, and petroleum sectors. It operated two main businesses: steel-parts fabrication and modularization.
BTW has a paid-up registered capital of THB 378 million, consisting of 600 million existing common shares and 156 million newly issued shares, with a par value of THB 0.50 each. During July 4-6, it offered newly issued shares to the general public via IPO, at THB 3.75 each, for a total of THB 585 million. TISCO Securities Co., Ltd. is the financial advisor and underwriter.
BTW Chief Executive Officer Chotic Russamitinakornkul said that the company focused on delivering quality products to customers in time, while developing its production process to meet international standards. To strengthen financial capability and boost customers' confidence, the fund raised would be used for renovating its factory in Chonburi, buying new machinery, and as working capital and debt repayment. Thus, this listing would enhance customer confidence and strengthen the company's financial capability.
In addition, BTW would also invest in the three new subsidiaries which would start operating soon, namely, BT & Owl Solar 1 Ltd., Global Clean Energy Co., Ltd. to serve energy business and Best Tech Industries Ltd. to serve its plan to expand production capacity of steel fabrication business added Chotic.
BTW's three major shareholders after the IPO are Satawin Family group (51.59 percent), Russamitinakornkul Family group (27.78 percent) and Suchitra Monserinusorn (0.66 percent). The IPO price was equivalent to price-to-earnings ratio (P/E ratio) of 10.53 times calculated by using the company's net profit in the past four quarters (April 1, 2015 - March 31, 2016) which was THB 269.22 million, divided by fully diluted shares, representing earnings per share of THB 0.36. BTW's dividend policy is to pay no less than 40 percent of net profits after taxes and reserves.
As of 8 July 2016 Unit: M.Baht
Type Buy Sell Net
Institution 5,943.34 9,876.21 -3,932.87
Proprietary 5,656.98 4,686.65 970.32
Foreign 13,017.84 12,498.28 519.56
Individual 30,635.43 28,192.45 2,442.98
Total Trading Value 55,253.59 M.Baht
SE Asia Stocks-Largely down ahead of U.S. jobs data; Philippines up
Most Southeast Asian stock markets fell on Friday in line with Asian shares ahead of the key U.S jobs data later in the day, while the Philippines rose slightly on bargain-hunting.
The employment report is expected to show solid job creation in June, but worries over the world economy following Britain's
vote to leave the European Union and a deepening crisis in Italian banks continue to sour investor sentiment globally.
Strong payrolls data is likely to spark fresh speculation of a U.S. rate increase later this year, but it would also trigger a fresh round of currency weakness and likely policy tightening in emerging markets.
If the data comes out to be "spectacular", and if global markets continue their upward momentum, then the U.S. Federal Reserve may consider raising rates, probably by the end of the year, which will weaken sentiment in local markets, said Manny Cruz, an analyst with Manila-based Asiasec Equities Inc.
Singapore shares .STI fell 0.5 percent, dragged down by oil and gas stocks after a 5 percent fall in global crude prices overnight.
Though oil prices recovered in Asian trading on Friday from the two-month lows hit in the previous session, benchmark Brent
was in line for its largest weekly decline since January.
Keppel Corp Ltd KPLM.SI lost nearly 1.8 percent, while Sembcorp Industries Ltd SCIL.SI dropped 0.7 percent.
Vietnam shares .VNI fell 0.4 percent, with energy stocks including Petrovietnam Gas Joint Stock Corp GAS.HM leading the
After recent gains, "the market may undergo some consolidation", said Nguyen Thanh Lam, deputy research manager
of Maybank Kim Eng Securities in Vietnam.
Vietnam's economic growth in 2016 is expected to slow to 6.2-6.3 percent, as export and industrial output growth is
projected to fall short of target, a government official said.
Bucking the trend, Philippine shares .PSI closed 0.2 percent higher, helped by financial stocks. SM Prime Holdings
Inc SMPH.PS rose 1.5 percent.
Investors were "bargain-hunting", as they saw an opportunity to invest after Thursday's fall, Cruz said.
Indonesia .JKSE was closed on Friday for Eid-al-Fitr.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev close Pct Move
Singapore 2847.04 2862.17 -0.53
Bangkok 1455.65 1456.72 -0.07
Manila 7771.52 7753.46 0.23
Kuala Lumpur 1644.54 1650.71 -0.37
Ho Chi Minh 658.68 661.12 -0.37