ASEAN KEY DESTINATIONS
20 June 2014
The Straits Times Index (STI) ended -10.22 points lower or -0.31% to 3258.80, taking the year-to-date performance to +2.97%.
The FTSE ST Mid Cap Index gained +0.17% while the FTSE ST Small Cap Index gained +0.06%. The top active stocks were DBS (-1.00%), SingTel (-0.79%), Mirach Energy (-3.85%), CapitaLand (-0.31%) and UOB (-0.05%).
The outperforming sectors today were represented by the FTSE ST Utilities Index (+0.80%). The two biggest stocks of the FTSE ST Utilities Index are United Envirotech (+1.73%) and Hyflux (-0.43%). The underperforming sector was the FTSE ST Telecommunications Index, which declined -0.80% with SingTel ’s share price declining -0.79% and StarHub ’s share price declining -0.93%. The FTSE ST Oil & Gas Index gained +0.09%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (+2.14%), IS MSCI India (-0.56%), DBXT MSCI Indonesia ETF (-0.44%).
The three most active Real Estate Investment Trusts (REITs) by value were Keppel REIT (unchanged), CapitaCommercial Trust (+1.21%), CapitaMall Trust (unchanged).
The most active index warrants by value today were HSI23000MBePW140828 (unchanged), HSI23200MBeCW140828 (unchanged), HSI23200MBePW140730 (unchanged).
The most active stock warrants by value today were DBS MB eCW140901 (-17.82%), KepCorp MBeCW141201 (-0.81%), DBS MB eCW140905 (-11.73%).
Singapore Stock Market
*ST Index 3,258.8 -10.22 3,269.02 -7.78
Volume: 1,979.1M 2,065.8M
Value: $1,162.9M $1,122.4M
Gainers/Losers: 184/244 221/203
Daily Market Commentary (Securities)
20 Jun 2014
The FBM KLCI index gained 4.24 points or 0.23% on Friday. The Finance Index fell 0.13% to 17243.49 points, the Properties Index up 0.06% to 1428.41 points and the Plantation Index rose 0.40% to 9264.44 points. The market traded within a range of 8.86 points between an intra-day high of 1887.54 and a low of 1878.68 during the session.
Actively traded stocks include MAS, INFOTECH, KNM-WA, SKPETRO, UTOPIA, EAH, IRETEX-LA, SONA, PTB and IRETEX-WA. Trading volume decreased to 1512.18 mil shares worth RM2057.63 mil as compared to Thursday’s 2040.66 mil shares worth RM1751.98 mil.
Leading Movers were PETDAG (+22 sen to RM24.16), MISC (+18 sen to RM6.53), SKPETRO (+14 sen to RM4.47), UMW (+12 sen to RM10.92) and IHH (+9 sen to RM4.42). Lagging Movers were BAT (-50 sen to RM67.00), HLFG (-18 sen to RM15.80), PBBANK (-12 sen to RM20.24), ASTRO (-12 sen to RM3.38) and PPB (-10 sen to RM14.82). Market breadth was positive with 420 gainers as compared to 405 losers.
The KLCI ended the week on a positive note, closed higher at 1885.7 points amid the positive overnight performance in US markets. Meanwhile, regional investor sentiment was lifted following the declaration from Federal Reserve to maintain low interest rates, as the U.S economy continues to recover.
Date As of: 20 June 2014
Description Volume Value Frequency
ETF 12,600 6,628,300 42
Stock 3,391,321,711 3,805,474,381,995 148,770
Right 100 100 01
Warrant 47,797,900 6,585,600,900 1,153
Total 3,439,132,311 3,812,066,611,295 149,966
Thai alternative bourse welcomes Planet Communications Asia
BANGKOK, June 20, 2014 - The Market for Alternative Investment (mai), under The Stock Exchange of Thailand (SET) group, will list Planet Communications Asia pcl, a telecommunications and broadcast & digital TV technology service provider, on mai and start trading on June 23, under the ticker symbol "PCA."
Prapan Charoenprawatt, mai President, said that PCA, providing services in design, installation and distribution of world leading products covering
wireless network, wire network, multimedia and broadcast & digital TV, also offered its owned brand, "Planetcom", for network communications solutions.
PCA has a paid-up registered capital of THB 250 million, consisting of 175 million existing common shares and 75 million newly-issued shares, with a par value of THB 1.00 each. It sold 70 million new shares to the general public via initial public offerings (IPOs) and five million shares to the company's
directors and employees at THB 2.80 during June 16-18 for a total THB 210 million. Finansia Syrus Securities pcl is the financial advisor and lead underwriter.
PCA President and CEO Prapat Rathlertkarn said that the company was honored and delighted to list on mai. This would be a significant step to enhance image, goodwill, financial strength and effectiveness for the company. The fundraising would be used for working capital and business expansions to accommodate the company's future growth.
PCA's three major shareholders after the IPO are Rathlertkarn's group (35.85 percent), Mr. Trevor John Thompson's family (31.58 percent) and Mrs. Ratana Suwan (2.08 percent). The IPO price had a price/earnings ratio (P/E) of 9.89 times, calculated by using 12-month earnings (April 2013 - March 2014), divided by the number of fully-diluted shares, equivalent to earnings per share of THB 0.28. Its dividend policy is to pay no less than 50 percent of net profits after taxes and reserves.
As of 20 June 2014 Unit: M.Baht
Type Buy Sell Net
Institution 5,237.55 2,605.77 2,631.78
Proprietary 4,405.03 5,350.73 -945.70
Foreign 11,099.99 11,464.73 -364.75
Individual 22,597.63 23,918.96 -1,321.33
Total Trading Value 43,340.19 M.Baht
Vietnam index at 2-wk low as funds restructure portfolios
Vietnam's benchmark VN Index fell 1.16 percent on Friday to close at 560.78 points, its lowest level since June 6, as exchange-traded funds restructure their second-quarter portfolios, analysts said.
Food producer Masan Group tumbled 6.35 percent to 88,500 dong ($4.17) per share, its lowest close since May 8, while property firm Vingroup lost 1.57 percent.
Masan and Vingroup were among those that fell on selling by the Market Vectors Vietnam exchange-traded fund in the last trading day of its second-quarter portfolio restructuring, analysts said.
VNM ETF, however, bought a large number of shares from Ho Chi Minh City-based lender Sacombank , which boosted the stock by 2.38 percent, with its strongest volume in five years at 23.7 million shares, Reuters data showed.
Another ETF, db x-trackers FTSE Vietnam , was also on its last day of restructuring on Friday, keeping volume on the Ho Chi Minh Stock Exchange at a solid level of 123 million shares against the five-day average level of 109 million, according to Reuters data.
"But losses today are not fundamental and mostly on selling by ETF, so the index is likely to increase in the next sessions on bargain hunting," said Hoang Huy, analyst at ACB Securities.
Here is a snapshot of the VN Index at the close
VN Index 560.78
PREV. CLOSE 567.35
% CHANGE -1.16%
SE Asia Stocks - Malaysia, Thailand outperform on week
Stocks in Malaysia touched a one-month high while Thai shares extended gains for a second session on Friday, with investors piling into shares of energy
and plantation firms as oil held near $115 a barrel and palm oil futures headed for a strong gain on week.
Kuala Lumpur's composite index ended up 0.2 percent at 1,885.72, its highest since May 19, amid brisk buying in Sapurakencana Petroleum and Sime Darby .
Bangkok's SET index added 0.4 percent, with PTT Exploration and Production rising to a near-six-month high.
An increase of $1/bbl in the average crude oil price above its base case of $105/bbl would boost PTTEP's earnings by 1.3 percent, broker CIMB said in a report.
Malaysia ended the week 0.5 percent higher while Thailand notched up a 0.8 percent gain on the week. Others in Southeast Asia posted a weekly loss as tensions in Iraq weighed on broader sentiment.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 423.76 424.30 -0.13
Singapore 3258.80 3269.02 -0.31
Kuala Lumpur 1885.72 1881.48 +0.23
Bangkok 1467.29 1461.91 +0.37
Jakarta 4847.70 4864.27 -0.34
Manila 6730.96 6699.39 +0.47
Ho Chi Minh 560.78 567.35 -1.16