ASEAN KEY DESTINATIONS
18 June 2014
The Straits Times Index (STI) ended 2.36 points higher or +0.07% to 3276.80 taking the year-to-date performance to +3.54%.
The FTSE ST Mid Cap Index gained +0.65% and the FTSE ST Small Cap Index gained +0.25%. The top active stocks were SingPost (+4.44%), Global Logistic (+0.76%), Noble (-0.72%), JMH 400 USD (-1.47%), YZJ Shipbldg SGD (+4.25%).
The outperforming sector today was represented by the FTSE ST Health Care Index (+1.10%). The two biggest stocks of the FTSE ST Health Care Index are Raffles Medical Group (+1.30%) and Biosensors International Group (+1.04%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -0.91% with Midas Holdings’ share price declining -1.10% and Geo Energy Resources’ share price declining -1.61%. The FTSE ST Telecommunications Index gained +0.29%. The FTSE ST Oil & Gas Index gained +0.12%.
The three most active Exchange Traded Funds (ETFs) by value today were IS MSCI India (-0.28%), LYXOR ETF Asia EX (-0.42%), SPDR STI ETF (unchanged).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (+0.51%), Ascendas REIT (unchanged), CapitaCommercial Trust (+0.30%).
The most active index warrants by value today were HSI23600MBeCW140730 (-1.41%), HSI23200MBePW140730 (-1.61%), HSI23400UBeCW140828 (-1.94%).
The most active stock warrants by value today were SingPost MBeCW150106 (+32.08%), DBS MB eCW140901 (+4.12%), KepCorp MBeCW141201 (unchanged).
Singapore Stock Market
*ST Index 3,276.8 +2.36 3,274.44 -15.82
Volume: 1,907M 1,477.9M
Value: $872.9M $900.2M
Gainers/Losers: 242/155 152/258
Daily Market Commentary (Securities)
18 Jun 2014
The FBM KLCI index gained 1.98 points or 0.11% on Wednesday. The Finance Index increased 0.24% to 17220.58 points, the Properties Index dropped 0.03% to 1426.18 points and the Plantation Index rose 0.38% to 9194.79 points. The market traded within a range of 4.50 points between an intra-day high of 1876.59 and a low of 1872.09 during the session.
Actively traded stocks include MAS, UTOPIA, LUSTER, IRETEX-LA, IDMEN SN, IRETEX-WA, IJACOBS, BJCORP, SONA and CSL. Trading volume increased to 2035.81 mil shares worth RM1866.16 mil as compared to Tuesday’s 1634.40 mil shares worth RM1816.62 mil.
Leading Movers were PETGAS (+22 sen to RM24.30), TENAGA (+16 sen to RM11.88), HLFG (+14 sen to RM15.98), MISC (+13 sen to RM6.39) and CIMB (+6 sen to RM7.22). Lagging Movers were BAT (-218 sen to RM67.06), PETDAG (-20 sen to RM23.92), PPB (-20 sen to RM14.88), ASTRO (-14 sen to RM3.54) and HLBANK (-6 sen to RM13.88). Market breadth was positive with 468 gainers as compared to 350 losers.
The KLCI was flattish and ended marginally higher at 1876.5 points. Investors’ sentiment remained cautious amid the decline of Japan’s export in May and on-going tensions in Iraq while investors were awaiting Federal Reserve’s policy decision for market clues.
Date As of: 18 June 2014
Description Volume Value Frequency
ETF 53,700 34,207,800 154
Stock 4,938,317,277 6,391,320,394,467 182,421
Right 00 00 00
Warrant 13,579,900 855,102,600 1,137
Total 4,951,950,877 6,392,209,704,867 183,712
Thai bourse welcomes water purifier maker Thiensurat
BANGKOK, June 18, 2014 - The Stock Exchange of Thailand (SET) welcomes Thiensurat pcl, a water purifier manufacturer and distributor under the brand "SAFE", on its main board on June 19, under the ticker symbol "TSR."
SET Executive Vice President Chanitr Charnchainarong said that TSR would be listed in SET's Home and Office products sector, with a market capitalization at the initial public offering (IPO) price of THB 1.2 billion (approx. USD 37.05 million).
TSR manufactures water purifiers and distributes through single level direct sales in Bangkok and suburbs as well as major provinces. Thanks to its modern design, efficient technology, quality direct salespersons and after-sales services, TSR gained 16 percent market share of the total water purifier market in 2013.
It has a paid-up registered capital of THB 344 million, consisting of 258 million existing shares and 86 million newly-issued shares, with a par value of THB 1.00 each. The company offered the new shares through an IPO during June 11-13 at THB 3.50 per share for THB 301 million. Thanachart Securities pcl is the company's financial advisor and lead underwriter.
Werawat Changyoo, TSR's CEO, said that listing on SET will boost the company's financial strength and upgrade its operation in compliance with public company's practices. Proceeds of the fundraising would be used to build the fourth new plant, expand branches, increase service centers nationwide and develop new products applicable for water quality in each area on various demands. In addition, it will be used to boost modern sales channel catering to customers' trendy lifestyle. Importantly, the listing will also truly lead the company towards sustainable growth.
TSR's three major shareholders after the IPO are Changyoo family (67.20 percent), Sirisab and Watcharatham families (2.84 percent), Miss Sucheera
Techaplalerd(2.62 percent). The IPO price had a price-to-earnings ratio (P/E) of 16.32 times, calculated by using the four latest quarterly net profits (from Q2/2013 to Q1/2014), divided by the number of fully-diluted shares, representing earnings per share of THB 0.21. TSR's dividend policy is to pay no less than 40 percent of net profits after corporate taxes and reserves.
As of 18 June 2014 Unit: M.Baht
Type Buy Sell Net
Institution 3,653.99 5,238.83 -1,584.85
Proprietary 4,280.32 4,370.35 -90.03
Foreign 8,695.21 11,426.92 -2,731.71
Individual 29,135.32 24,728.73 4,406.59
Total Trading Value 45,764.83 M.Baht
Vietnam index dips 0.4 pct at close, more falls ahead
Vietnam's benchmark VN Index closed down 0.39 percent on Wednesday, and analysts expected the index to fall further as investors would take
profits from speculative shares after recent strong gains.
"Investors seemed cautious as the index failed to surpass its resistance level of 575-580 points," said analyst Do Bao Ngoc at MB Securities.
Recent gains in speculative stocks have partially covered losses in some large caps, keeping the index from steep falls, analysts said.
But selling may increase and pull the index down further, given no supportive news that could help keep investors away from a profit-taking attempt in smaller shares, analysts added.
PetroVietNam Gas, Vietnam's largest listed firm, led the losses, decreasing 0.95 percent, followed by food producer Masan Group <MSN.HM> that fell 1.55 percent.
Here is a snapshot of the VN Index at the close
VN Index 570.03
PREV. CLOSE 572.25
% CHANGE -0.39%
SE Asia Stocks - Thai index hits 2-week low on telecoms sell-off
The Thai index hit a two-week low on Wednesday, with investors dumping top telecoms shares after an auction of mobile licenses was suspended, while shares in the Philippines recouped most early losses ahead of a central bank meeting on interest rates.
The Thai SET index ended down 1.3 percent at 1,451.36, its lowest since June 4. Shares of top mobile phone firm Advanced Info Service dropped 3.2 percent in brisk selling, including a number of large block deals.
Shares of AIS shareholder Shin Corporation and the country's third largest telecoms firm True Corporation fell more than 2 percent each and were among the most actively traded.
Thailand's telecommunications regulator on Tuesday temporarily suspended an auction of fourth-generation (4G) mobile licences saying more time is needed to work out the details of the process, and to ensure transparency.
The Philppine main index ended nearly flat at 6,703.13, falling at one point to its lowest since April 29.
The Philippine central bank will likely keep rates unchanged at its policy meeting on Thursday after growth unexpectedly slowed in the first quarter, a Reuters poll showed, but quickening inflation may lead to a rate increase as early as next month.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 422.16 424.87 -0.64
Singapore 3276.80 3274.44 +0.07
Kuala Lumpur 1876.58 1874.60 +0.11
Bangkok 1451.36 1471.02 -1.34
Jakarta 4887.86 4909.52 -0.44
Manila 6703.13 6704.93 -0.03
Ho Chi Minh 570.03 572.25 -0.39