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ASEAN STOCK WATCH Asean Affairs  23 June 2014 


23 June 2014

The Straits Times Index (STI) ended 1.40 points lower or -0.04% to 3257.40 taking the year-to-date performance to +2.92%.

The FTSE ST Mid Cap Index declined -0.53% and the FTSE ST Small Cap Index declined -0.34%. The top active stocks were SingTel (+0.26%), DBS (-0.12%), CapitaLand (+0.31%), UOB (+0.09%), RH PetroGas (-15.85%).

The outperforming sector today was represented by the FTSE ST Telecommunications Index (+0.17%). The two biggest stocks of the FTSE ST Telecommunications Index are SingTel (+0.26%) and StarHub (-0.70%). The underperforming sector was the FTSE ST Health Care Index, which declined -1.38% with Raffles Medical Group’s share price declining -0.76% and Biosensors International Group’s share price declining -2.09%. The FTSE ST Oil & Gas Index declined -0.25%.

The three most active Exchange Traded Funds (ETFs) by value today were IS MSCI India (-0.70%), SPDR Gold Shares (+0.48%), DBXT FTSE Vietnam ETF (-1.17%).

The three most active Real Estate Investment Trusts (REITs) by value were CapitaCommercial Trust (-1.19%), Suntec REIT (-1.09%), CapitaMall Trust (+0.26%).

The most active index warrants by value today were HSI23200MBePW140730 (+27.97%), HSI23600MBeCW140730 (-38.81%), HSI23800MBeCW140828 (unchanged).

The most active stock warrants by value today were DBS MB eCW140901 (-6.02%), KepCorp MBeCW141201 (-1.63%), SingPost MBeCW150402 (unchanged).

     Singapore Stock Market
                                 Monday                     Friday
*ST Index            3,257.4  -1.4           3,258.8  -10.22
Volume:                 1,850.7M                   1,979.1M
Value:                     $804.7M                 $1,162.9M
Gainers/Losers:        187/254                      184/244


Daily Market Commentary (Securities)
23 Jun 2014

The FBM KLCI index lost 1.76 points or 0.09% on Monday. The Finance Index increased 0.13% to 17266.62 points, the Properties Index up 0.11% to 1429.97 points and the Plantation Index rose 0.04% to 9268.22 points. The market traded within a range of 3.51 points between an intra-day high of 1885.33 and a low of 1881.82 during the session.

Actively traded stocks include AMEDIA, TALAMT, MAS, IRETEX-LA, UTOPIA, LUSTER, PRIVA, SYMPHNY, XINGHE and BENALEC. Trading volume increased to 1769.77 mil shares worth RM1946.20 mil as compared to Friday’s 1512.18 mil shares worth RM2057.63 mil.

Leading Movers were HLFG (+14 sen to RM15.94), ASTRO (+10 sen to RM3.48), PETGAS (+10 sen to RM24.30), RHBCAP (+7 sen to RM8.51) and IOICORP (+6 sen to RM5.24). Lagging Movers were BAT (-50 sen to RM66.50), KLK (-20 sen to RM24.20), MISC (-9 sen to RM6.44), GENTING (-8 sen to RM10.08) and FGV (-8 sen to RM4.35). Market breadth was negative with 373 gainers as compared to 430 losers.

The day ended with the KLCI closing lower at 1883.96 points. Even as Chinese manufacturing data recorded a seven month high in June, the escalating violence in Iraq and its subsequent spill over effect of higher oil prices, has contributed to offsetting upbeat sentiments of the market.


Thai bourse lists MFC Patong Heritage property fund on June 24

BANGKOK, June 23, 2014 – The Stock Exchange of Thailand (SET) will list MFC Patong Heritage Property Fund, managed by MFC Asset Management pcl, worth THB 1.05 billion (approx. USD 32.4 million), on its main board on June 24, under the ticker "M-PAT.”

Paveena Sriphothong, SET senior vice president, said that M-PAT would list and start trading on the Thai bourse's Property Fund & REIT sector on June 24. The property fund sold 105 million units via an initial public offering (IPO) at THB 10 per unit, with total value of THB 1.05 billion during May 15 - June 6.

MFC Asset Management President Prapa Puranachote said that M-PAT invested in the freehold rights of 183 suites, formerly known as “Patong Night Plaza” building, under the current project name of “Patong Heritage Hotel” in Phuket. The freehold rights included land, buildings, machinery and equipment. Patong Heritage Hotel is located on prime area of Patong beach, a world-famous tourist spot. Its average occupancy rate was about 80 percent, comparatively higher than others in Phuket and nearby areas.     

M-PAT would lease out its hotel properties to Patong Heritage Co., Ltd. under a five-year contract (renewable every three years). The tenant will pay M-PAT fixed rental rate of THB 430.5 million in the five year contract, plus THB 44.63 million in bank guarantees as collateral throughout the period.

M-PAT is a closed-end specific property fund with no maturity. Its dividend policy is to pay no less than four times a year at 90 percent of annual net profit of its financial year, excluding unrealized profits from evaluation and audit of property appraisal. The fund's top three unit holders after its IPOs are Asvasirayothin’s group (15 percent), Khon Kaen University (9.52 percent) and Mr.Panya Kuantrakul Private Fund by MFC Asset Management pcl  (4.95 percent).


Thai bourse launches SET-TFEX online investor fair in late June

BANGKOK, June 23, 2014 – The Stock Exchange of Thailand (SET), jointly with 24 leading securities firms, will hold its “SET-TFEX Online Investor Fair 2014” on June 26-29 in Bangkok, under the theme “1st click to sustainable investment: stocks, derivatives and mutual funds.” Participants will be updated with new technology, making investment simple and convenient, with investment tips from 15 insightful seminars by investment gurus.

SET President Kesara Manchusree said that this third annual event would reinforce SET’s aim to further promote online investment to expand investment opportunities. Presently, online investors accounted for 648,100, or 67 percent of the total retail investors of 964,523 (data as of end-May). In 2013, the internet trading value of retail investors grew significantly to THB 7.7 trillion, up 77 percent from THB 4.4 trillion a year earlier, as trading via internet has enabled investors to trade quickly and conveniently, while accessing information and analysis efficiently.   

“Thanks to innovation, people’s lifestyle has changed dramatically, similar to trading technology and services developed continuously in SET and among brokers. As such, SET has joined hands with 24 Thai leading brokers to organize an investors’ fair to give online investment updates and demonstrate new applications and programs for online trading. Throughout the four-day event, the fair will offer intensive and insightful seminars on economy and investment, providing investment techniques and strategy outlook for the second half of this year. It is expected to attract more than 5,000 participants,” Kesara added.  

Trading Summary

As of   23 June  2014         Unit: M.Baht
Type                              Buy                   Sell                       Net
Institution                   2,435.48        1,754.01                 681.47     
Proprietary                 4,288.82       3,485.37                  803.44     
Foreign                      7,108.29        7,762.49                -654.19     
Individual                 21,659.56      22,490.28                -830.72     
Total Trading Value     35,492.15 M.Baht             


Vietnam index rises 0.9 pct; blue chips aid

Vietnam's benchmark VN Index    gained 0.92 percent to close at 565.92 on Monday, boosted by buying demand and gains in blue chips including Hoa Sen group, Vietcombank   and Hoa Phat group .

Shares of steel producer Hoa Sen rose 6.16 percent, followed by Hanoi-based lender Vietcombank with a 5.22 percent rise and Hoa Phat group that gained 3.88 percent.
Sentiment was partly supported by foreign investors' buying demand with a purchase of 5.1 million shares, while they sold 2.5 million shares, exchange data showed.
 Foreign investors were net buyers in April and May, and have retained that position so far this month, the exchange said.  

    Here is a snapshot of the VN Index   at the close
                         VN Index       565.92              
                 PREV. CLOSE       560.78              
                    % CHANGE        0.92%              
                     HIGH       567.71              
                      LOW       561.97              


Thai shares extended gains for a third session on Monday to a near one-week closing high, led by energy stocks as oil prices firmed up due to escalating violence in Iraq.

Thailand's SET index   closed at its highest since June 17, with oil majors PTT Pcl   and PTT Exploration and Production Pcl  <PTTEP.BK>  gaining 1 percent and 1.2 percent respectively.  

Brent crude oil prices rose towards a nine-month high above $115 a barrel on concerns that unrest in Iraq, where Sunni insurgents seized control of more towns over the weekend, could
disrupt supply.  

Some Southeast Asian stock markets ended firmer on Monday, aided by upbeat news from China's factory sector and fresh highs
on Wall Street, boosting investor appetite for riskier assets.  

Activity in China's factory sector expanded in June for the first time in six months as new orders surged, a preliminary HSBC survey showed on Monday, offering new signs the economy is
stabilising thanks to Beijing's measures to shore up growth.
"The SET index advanced along with regional bullish sentiment on better-than-expected China HSBC PMI for June. Banks put pressure on the market as most of them reported a loan
growth drop in May," said Teerada Charnyingyong, a strategist at broker Phillip Securities.  

Charnyingyong expects the index to trade sideways for a while, awaiting fresh market-moving news, particularly the progress of infrastructure projects, political and energy reforms.  

In Jakarta, Indonesian coal miner PT Bumi Resources Tbk  plunged to a 11-year low after its failure to gain approval from bondholders to change the terms of $375 million
worth of bonds due Aug. 5 sparked fears of a potential default.
Malaysia and Bangkok witnessed foreign outflows of $17.02 million and $20.22 million respectively.  
Malaysia , Indonesia  , and Singapore  ended slightly weaker.  
 Market                             Current           Prev Close         Pct Move
 TR SE Asia Index*           423.95                423.80               +0.04
 Singapore                       3257.40              3258.80                -0.04
 Kuala Lumpur                 1883.96              1885.72                -0.09
 Bangkok                         1468.70              1467.29               +0.10
 Jakarta                            4842.13              4847.70                -0.11
 Manila                             6761.99              6730.96               +0.46
 Ho Chi Minh                      565.92                560.78               +0.92

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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