ASEAN KEY DESTINATIONS
13 June 2014
The Straits Times Index (STI) ended +0.24 points higher or +0.01% to 3293.25, taking the year-to-date performance to +4.06%.
The FTSE ST Mid Cap Index gained +0.16% while the FTSE ST Small Cap Index gained +0.09%. The top active stocks were DBS (+0.41%), UOB (-0.04%), Biosensors (+4.17%), Global Logistic (unchanged) and RH PetroGas (+6.11%).
The outperforming sectors today were represented by the FTSE ST Health Care Index (+1.94%). The two biggest stocks of the FTSE ST Health Care Index are Raffles Medical Group (unchanged) and Biosensors International Group (+4.17%). The underperforming sector was the FTSE ST Consumer Services Index, which declined -0.59% with Jardine Cycle & Carriage’s share price declining -0.07% and Genting Singapore ’s share price gaining +0.38%. The FTSE ST Oil & Gas Index gained +0.32%. The FTSE ST Telecommunications Index declined -0.02%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (+0.86%), IShares USD Asia Bond ETF (+1.26%), IS MSCI India (-2.03%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (-0.44%), CapitaMall Trust (-0.75%), CapitaCommercial Trust (unchanged).
The most active index warrants by value today were HSI23200MBePW140730 (-8.33%), HSI23600MBeCW140730 (+6.41%), HSI23000MBeCW140627 (+13.89%).
The most active stock warrants by value today were DBS MB eCW140901 (+2.89%), DBS MB eCW140905 (+1.10%), KepCorp MBeCW141201 (+3.10%).
Singapore Stock Market
*ST Index 3,293.25 +0.24 3,293.01 +2.97
Volume: 1,809.1M 2,473.2M
Value: $873.4M $979.8M
Gainers/Losers: 191/222 219/172
Daily Market Commentary (Securities)
13 Jun 2014
The FBM KLCI index gained 2.87 points or 0.15% on Friday. The Finance Index fell 0.02% to 17148.52 points, the Properties Index up 0.08% to 1419.07 points and the Plantation Index down 0.05% to 9232.84 points. The market traded within a range of 6.65 points between an intra-day high of 1876.74 and a low of 1870.09 during the session.
Actively traded stocks include SALCON, SKPETRO, TENAGA, AIRASIA, AXIATA, TM, DIGI, PBBANK, MAXIS and CIMB. Trading volume increased to 1258.50 mil shares worth RM1388.49 mil as compared to Thursday’s 1180.00 mil shares worth RM1456.06 mil.
Leading Movers were BAT (+72 sen to RM65.00), PETDAG (+28 sen to RM24.26), ASTRO (+8 sen to RM3.68), AMMB (+7 sen to RM7.15) and SKPETRO (+7 sen to RM4.28). Lagging Movers were PPB (-20 sen to RM15.30), HLFG (-14 sen to RM15.84), MAYBANK (-4 sen to RM9.80), PBBANK (-2 sen to RM20.82) and HLBANK (-2 sen to RM13.80). Market breadth was positive with 412 gainers as compared to 345 losers.
The FBM KLCI swung between gains and losses before finishing 2.87 points higher at 1876.74, despite the losses in US market due to worries on oil price hike affected by rising tension in Iraq. The performance of our benchmark index was lifted by gains in heavyweight counters led by BAT and Petronas Dagangan.
Date As of: 13 June 2014
Description Volume Value Frequency
ETF 800 625,800 08
Stock 7,760,754,369 10,718,042,544,235 148,321
Right 733,800 8,164,800 50
Warrant 18,520,500 771,956,700 1,166
Total 7,780,009,469 10,718,823,291,535 149,545
Thai bourse welcomes THIF property fund with record high in market capitalization
BANGKOK, June 12, 2014 - The Stock Exchange of Thailand (SET) will list Thai Hotel Investment Freehold and Leasehold Property Fund (THIF), a property fund with market capitalization record high of THB 26.2 billion (approx. USD 806 million), on the main on June 16.
Paveena Sriphothong, the SET senior vice president - group head Issuer & Listing, said that THIF would be listed and start trading on the Thai exchange in the Property Fund & REIT sector of the Property & Construction industry on this coming June 16. THIF's market capitalization at IPO has become the highest among all property funds ever listed on SET since 2003. THIF sold 2.62 billion units at THB 10 per unit, a total worth THB 26.2 billion (approximately USD 806 million), during May 15 - 22, having Krungthai Asset Management pcl as fund manager.
Krungthai Asset Management pcl CEO Chavinda Hanratanakool said that THIF would invest in 10 freehold rights and 2 leasehold rights of hotel land and buildings, which comprised quality properties in prime tourist areas in Bangkok and other provinces, such as Phuket, Surat Thani and Chiang Mai, managed by world-class professional hotel chains such as Meridien S.A., Starwood Asia Pacific Hotels and Resorts Pte. Ltd, Hilton International Management Corporation, etc.
THIF will lease out 11 of its hotel properties to TCC Hotel Asset Management Co., Ltd, and one property to Paendintham Property Development Co., Ltd.under a three-year contract (renewable every three years for a maximum of 10 times).
Each tenant will pay THIF fixed rent, by paying THB 384.03 million (approx. USD 11.8 million) in cash and THB 75 million (approx. USD 2.3 million) in bank guarantees as collateral for the first three years of lease, starting from the first day that the fund invests in all these 12 projects. THIF will likely be receiving additional returns from variable lease, growing in tandem with revenue
earned by these properties.
THIF is a closed - ended fund, its dividend policy is to pay at least once a year, at no less than 90 percent of net profit, excluding unrealized gains from auditing property reappraisals of lease during the related accounting period.
The fund's top three unit holders after its IPOs are TCC Land Co., Ltd. (33.32 percent), UOB Kay Hian (Hong Kong) (16.86 percent) and Panachai Panichayakarn Co., Ltd (15.27 percent).
As of 13 June 2014 Unit: M.Baht
Type Buy Sell Net
Institution 5,805.72 4,996.33 809.38
Proprietary 3,860.54 4,296.13 -435.58
Foreign 10,776.60 11,794.62 -1,018.02
Individual 32,243.65 31,599.43 644.22
Total Trading Value 52,686.51 M.Baht
Vietnam index rises 0.1 pct, steel firm Hoa Phat leads
Vietnam's benchmark VN Index posted a sixth straight gain, ending up 0.12 percent at 574.48 points on Friday, led by steel producer Hoa Phat Group
Shares in the Hanoi-based group ended up 4.21 percent at 52,000 dong ($2.45) each, retouching a record high close hit on May 28, Reuters data showed.
Funds have high demand for shares in the profitable steel company, analysts said. HPG has risen a combined 45.5 percent since the beginning of this year, according to Reuters data.
Hoa Phat's net profit in the first quarter of 2014 surged 89 percent from a year ago to 910 billion dong, the company has said.
The index could face some correction next week around its resistance level of 580 points, analysts said.
Here is a snapshot of the VN Index at the close
VN Index 574.48
PREV. CLOSE 573.77
% CHANGE 0.12%
SE Asia Stocks-Thailand's seafood firms fall; Telkom Indonesia up
The Thai index fell on Friday as shares of seafood producers came under selling pressure after a news report on labour practices worried investors while shares of PT Telekomunikasi Indonesia outperformed after treasury share sale.
Losses in shares of Charoen Pokphand Foods Pcl , Thai Union Frozen Products Pcl and Seafresh Industry weighed on the Thai stock market.
The UK's Guardian newspaper had earlier this week published a report alleging slavery in the Thai seafood industry.
The benchmark SET index ended down 0.07 percent on the day and finished the week 0.23 percent lower, its first loss in three weeks.
Jakarta's composite index eased 0.2 percent and was down 0.2 percent on the week, reversing an almost 1 percent gain in the previous week.
Shares of energy firm Perusahaan Gas Negara shed 1.4 percent in selling led by domestic investors, Thomson Reuters data showed.
Vietnam's benchmark VN Index posted a sixth straight session of gain, ending up 0.12 percent on the day and 2.8 percent on the week, Southeast Asia's best performer.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 426.52 426.97 -0.11
Singapore 3293.25 3293.01 -0.01
Kuala Lumpur 1876.74 1873.87 +0.15
Bangkok 1456.02 1457.02 -0.07
Jakarta 4926.66 4934.41 -0.16
Manila 6784.95 6809.18 -0.36
Ho Chi Minh 574.48 573.77 +0.12