ASEAN KEY DESTINATIONS
15 June 2016
The Straits Times Index (STI) ended 5.92 points or 0.21% higher to 2774.25, taking the year-to-date performance to -3.76%.
The top active stocks today were SingTel, which gained 0.26%, DBS, which gained 0.70%, UOB, which gained 0.17%, OCBC Bank, which gained 0.24% and Noble, with a 2.13% fall.
The FTSE ST Mid Cap Index declined 0.03%, while the FTSE ST Small Cap Index remained unchanged.
The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 0.76%. The two biggest stocks of the Index - Keppel Corp and Sembcorp Industries - ended 1.32% higher and 0.71% higher respectively.
The underperforming sector was the FTSE ST Technology Index, which slipped 0.60%. Silverlake Axis shares declined 0.97% and CSE Global remained unchanged.
The three most active Exchange Traded Funds (ETFs) by value today were:
SPDR Gold Shares (+0.09%)
STI ETF (unchanged)
DBXT MSCI Pakistan IM ETF 10 (+4.16%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Ascendas REIT (-0.86%)
Capitamall Trust (-0.98%)
Capitacom Trust (-0.36%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
DBS MB eCW161031 (+4.17%)
UOB MB eCW161031 (+4.44%)
DBS MB ePW161003 (-3.53%)
Singapore Stock Market
*ST Index 2,751.93 -22.32 2,774.25 +5.92
Volume: 624.6M 1,083.3M
Value: $697.9M $772.1M
Gainers/Losers: 99/274 170/193
Daily Market Commentary (Securities)
15 June 2016
The FBM KLCI index gained 1.85 points or 0.11% on Wednesday. The Finance Index increased 0.21% to 14072.36 points, the Properties Index dropped 0.35% to 1139.84 points and the Plantation Index rose 0.29% to 7568.64 points. The market traded within a range of 9.27 points between an intra-day high of 1629.05 and a low of 1619.78 during the session.
Actively traded stocks include TRIVE, SANICHI-OR, CAP, CONNECT-PA, TRIVE-WA, LKL, HSI-C21, SANICHI, ARMADA and SUPERMX-C5. Trading volume increased to 1531.19 mil shares worth RM1448.57 mil as compared to Tuesday’s 1467.38 mil shares worth RM1616.53 mil.
Leading Movers were MAYBANK (+13 sen to RM8.13), GENTING (+13 sen to RM8.17), SKPETRO (+2 sen to RM1.52), IOICORP (+4 sen to RM4.33) and UMW (+4 sen to RM5.32). Lagging Movers were YTL (-3 sen to RM1.59), HLFG (-14 sen to RM14.44), GENM (-4 sen to RM4.30), AMMB (-4 sen to RM4.31) and PETGAS (-16 sen to RM21.40). Market breadth was negative with 311 gainers as compared to 409 losers.
The KLCI extended its midday gains and closed higher at 1627.96 points despite overnight losses in Wall Street as investors awaited Wednesday’s Federal Reserve announcement. However, market breadth was negative as oil prices continued to slide.
Date As of: Wednesday, June 15, 2016
Description Volume Value Frequency
ETF 2,300 1,036,000 10
Stock 6,204,572,234 4,089,264,570,224 215,513
Right 60,043,607 7,771,317,746 1,275
Warrant 12,309,200 251,740,100 372
Total 6,276,927,341 4,097,288,664,070 217,170
Thai alternative bourse to list NETBAY on June 16
BANGKOK, June 15, 2016 - Market for Alternative Investment (mai) will list Netbay pcl, an e-business service provider, on June 16, under the ticker symbol "NETBAY". The company has a market capitalization at its initial public offering (IPO) of THB 800 million (approximately USD 22.54 million).
mai President Prapan Charoenprawatt said that NETBAY would list and start trading on mai in the Technology industry group on June 16, 2016. Serving various groups of customers from business-to-government (B2G), business-to-business (B2B) and business-to-customer (B2C), NETBAY, a software developer for e-business transactions, provided clients with the software called "Software as a Service"(SaaS). The company's e-business services covered 1) e-logistics trading, engaging e-customs services; 2) e-business services, providing reports of customers' transactions with financial institutes and customer due diligence services; 3) special projects, designing and developing an information system to satisfy client's specific requirements.
NETBAY has a paid-up registered capital of THB 200 million, consisting of 160 million existing common shares and 40 million newly issued shares, with a par value of THB 1.00 each. During June 8-10, it offered newly issued shares to the general public via IPO, at THB 4.00 each, for a total of THB 160 million.
Maybank Kim Eng Securities (Thailand) pcl is the financial advisor and underwriter.
NETBAY Chief Executive Officer Pichit Viwatrujirapong said under the "Better, Faster and Cheaper" concept, NETBAY focused on innovation, technology and business platform development which were keys to logistics excellence, while being customer centric. Thus, customers could acquire information technology services at an affordable price and could accelerate service speed by online transaction. The fund raised would be used for working capital. This listing would build up customer confidence and strengthen capital base to serve business growth in the future.
NETBAY's three major shareholders after the IPO are Pichit Viwatrujirapong (60.00 percent), Internet Thailand pcl (20.00 percent) and Rasita Jaraphichitchai (0.50 percent). The IPO price was equivalent to price-to-earnings ratio (P/E ratio) of 11.76 times calculated by using the company's net profit in the past four quarters (April 1, 2015-March 31, 2016) at THB 67.82 million, divided by fully diluted shares, representing earnings per share of THB 0.34. NETBAY's dividend policy is to pay no less than 40 percent of net profits after taxes and reserves.
As of 15 June 2016 Unit: M.Baht
Type Buy Sell Net
Institution 2,894.79 4,994.58 -2,099.80
Proprietary 6,570.24 4,520.60 2,049.64
Foreign 11,424.85 10,527.79 897.05
Individual 26,191.93 27,038.83 -846.89
Total Trading Value 47,081.80 M.Baht
SE Asia Stocks-Cautious on Brexit fears
Southeast Asian stock markets were cautious on Thursday after the U.S. Federal Reserve refrained
from raising interest rates and the Bank of Japan kept monetary policy steady, while Brexit fears continued to weigh.
The U.S. central bank kept policy steady as widely expected and lowered its economic projections but signalled that it still
planned to raise rates twice in 2016.
A small majority of Wall Street's top banks expects the Fed to raise interest rates no more than once this year, a Reuters
poll showed on Wednesday.
The Bank of Japan kept monetary policy steady and stuck to its optimistic view of the economy on Thursday, even as renewed
yen rises and slumping stock prices threaten to hurt business sentiment and derail a fragile economic recovery.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 0.8 percent at 0430 GMT, after briefly
rising earlier in the day.
Worries that Britain, the world's fifth-largest economy, could quit the European Union after a June 23 referendum added
to the volatility.
"It's all about the Brexit now. Markets are reacting to the Brexit risks," said a Singapore-based analyst who did not want
to be identified.
The Philippine index .PSI rose nearly 1 percent, led by shares of telecom service providers such as Philippine Long
Distance Telephone Co TEL.PS , which rose 1.8 percent.
"It might be a case of rotation of buying, probably lightening up on some countries and moving to the Philippines
because of our better fundamentals at the moment," said Jose Vistan, an analyst with Manila-based AB Capital Securities.
The Fed's decision has helped the appetite in a way for risk assets, Vistan said.
"If funds are going to risk assets, they want to go into countries that have strong fundamentals," Vistan added.
Singapore .STI stocks were down 0.8 percent, with oil and gas shares dragging the index down.
Oil prices fell on Thursday, heading for a sixth session of declines, following a lower-than-expected draw on U.S.
stockpiles and concerns over Britain's exit from the European Union.
Shares of Keppel Corp Ltd KPLM.SI fell 1.7 percent, while Sembcorp Industries Ltd SCIL.SI was down 2.5 percent.
Vietnam rose 0.3 percent, led by utilities and healthcare stocks. PetroVietnam Power Nhon Trach 2 JSC NT2.HM rose 6.1
SOUTHEAST ASIAN STOCK MARKETS
Market Current prev close Pct Move
Singapore 2752.62 2774.25 -0.78
Bangkok 1424.04 1434.89 -0.76
Manila 7573.12 7501.65 0.95
Jakarta 4816.776 4814.824 0.04
Kuala Lumpur 1616.77 1627.96 -0.69
Ho Chi Minh 628.59 627.02 0.25