ASEAN KEY DESTINATIONS
24 June 2014
The Straits Times Index (STI) ended 4.63 points higher or +0.14% to 3262.03 taking the year-to-date performance to +3.07%.
The FTSE ST Mid Cap Index gained +0.10% and the FTSE ST Small Cap Index gained +0.25%. The top active stocks were DBS (-0.24%), SingTel (+0.79%), Global Logistic (-0.38%), Keppel Corp (+0.38%), UOB (+0.40%).
The outperforming sector today was represented by the FTSE ST Utilities Index (+1.61%). The two biggest stocks of the FTSE ST Utilities Index are United Envirotech (+3.81%) and Hyflux (-0.43%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -1.01% with Midas Holdings’ share price declining -1.12% and Geo Energy Resources’ share price declining -3.28%. The FTSE ST Oil & Gas Index gained +0.29%. The FTSE ST Telecommunications Index gained +0.70%.
The three most active Exchange Traded Funds (ETFs) by value today were IS MSCI India (+1.69%), SPDR Gold Shares (+0.62%), DBXT FT China 25 ETF (-2.24%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (-0.87%), CapitaCommercial Trust (unchanged), Mapletree Greater ChinaCommercial Trust (unchanged).
The most active index warrants by value today were HSI22400MBePW140730 (-13.10%), HSI23200MBeCW140828 (+11.69%), HSI22800MBeCW140730 (+9.78%).
The most active stock warrants by value today were KepCorp MBeCW141201 (+1.65%), DBS MB eCW140901 (-1.28%), Wilmar MBeCW141002 (+2.27%).
Singapore Stock Market
*ST Index 3,262.03 +4.63 3,257.4 -1.4
Volume: 1,605.9M 1,850.7M
Value: $696.8M $804.7M
Gainers/Losers: 245/174 187/254
Daily Market Commentary (Securities)
24 Jun 2014
The FBM KLCI index gained 8.37 points or 0.44% on Tuesday. The Finance Index increased 0.13% to 17289.23 points, the Properties Index up 0.36% to 1435.11 points and the Plantation Index rose 0.52% to 9316.87 points. The market traded within a range of 8.72 points between an intra-day high of 1890.86 and a low of 1882.14 during the session.
Actively traded stocks include SUMATEC, MAS, AMEDIA, SUMATEC-WB, SKPRES-WA, IRETEX-LA, EAH-WC, TALAMT, ETITECH and EAH. Trading volume increased to 2007.70 mil shares worth RM2172.85 mil as compared to Monday’s 1769.77 mil shares worth RM1946.20 mil.
Leading Movers were PETGAS (+40 sen to RM24.70), TENAGA (+22 sen to RM12.06), BAT (+20 sen to RM66.70), KLK (+10 sen to RM24.30) and HLFG (+8 sen to RM16.02). Lagging Movers were PBBANK (-4 sen to RM20.14), GENTING (-2 sen to RM10.06), SKPETRO (-1 sen to RM4.41), and GENM (-1 sen to RM4.23). Market breadth was positive with 451 gainers as compared to 396 losers.
The day ended with the KLCI closing higher at 1892.33 points. The local market recorded an all time high, in line with gains at regional markets. However, the continued violence in Iraq and absence of fresh leads from Wall Street has caused market sentiment to remain tepid.
Date As of: 24 June 2014
Description Volume Value Frequency
ETF 2,600 1,154,000 26
Stock 4,173,254,646 4,079,485,656,064 165,172
Warrant 86,078,800 13,328,111,800 466
Total 4,259,336,046 4,092,814,921,864 165,664
Thai bourse welcomes beverage producer Sappe
BANGKOK, June 24, 2014 – The Stock Exchange of Thailand (SET) welcomes Sappe pcl, manufacturer and distributor of beverage for health and beauty under the brand “SAPPE,” on its main board on June 25, under the ticker symbol “SAPPE.”
SET Executive Vice President Chanitr Charnchainarong said that Sappe will be listed on SET's Food and Beverage sector, with a market capitalization at the initial public offering (IPO) price of THB 4.05 billion (approx. USD 125 million).
Sappe produces and distributes drinks for health and beauty as well as juice and coffee namely Sappe Beauti Drink, Sappe Beauti Shot, Sappe for one day (concentrated juice), Mogu Mogu (fruit juice with coconut jelly), and weight loss coffee), etc, distributed in domestic and overseas markets through agents to more than 50 countries worldwide, minaly in Asia, Europe, United States, and Middle East. The products are also sold through its two overseas subsidiaries, which are Sappe Indo and Sappe Europe.
It has a paid-up registered capital of THB 300 million, consisting of 225 million existing shares and 75 million newly-issued shares, with a par value of THB 1.00 each. The company offered the new shares through an IPO during June 18-20 at THB 13.50 per share – total issue size is THB 1.01 billion. Advisory Plus Co., Ltd. is the company’s financial advisor, while Kasikorn Securities pcl is the lead underwriter.
Sappe CEO Adisak Ruckariyapong said that listing on SET would strengthen the company’s financial status, enabling production capacity expansion of PET bottle filling machine to cover expansion into the overseas markets. It would also be instrumental in the new product development to meet increasing healthy consumer lifestyle. Furthermore, the company also aimed to boost its proprietary Thai brands to grow strongly in the global market.
Sappe's three major shareholders after the IPO are Ruckariyapong family (75 percent), Mr.Wiset Wachirapong (2 percent) and Mr.Panya Puchai (0.7 percent). The IPO price had a price-to-earnings ratio (P/E) of 15.9 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 0.85. The average P/E of similar listed companies for three-month period from 28 Feb – 30 May is 27.50. Sappe's dividend payment policy is no less than 40 percent of net profit after corporate tax and reserves.
Thai bourse holds the 12th Young Financial Star competition
BANGKOK, June 24, 2014 – The Stock Exchange of Thailand (SET), jointly with Thailand Futures Exchange PCL (TFEX), Muang Thai Life Assurance pcl, PTT pcl, Kasikornbank pcl, and other partners in the capital market will hold the “Young Financial Star Competition 2014” (YFS 2014) starting this month, aiming to screen and select new young financiers champions among 4,852 university students qualified to win scholarships and training programs worth a total THB 5 million (approx. USD 154,000).
SET President Kesara Manchusree said “The competition aims to groom and cultivate finance professionals for the Thai capital market particularly the bright young ones to be equipped with quality international standard. During these years, the competition has attracted more than 45,000 university students, while this year YFS has drawn 4,852 candidates from 93 universities nationwide.”
This year’s competition, during May and September 2014, consists of intensive trainings and workshops in order to upgrade skills and expertise of the students, ready to enter career path in the capital market. Total of 325 students from 38 universities have been selected for a YFS camp, during which underwent theoretical training and workshop of financial planning, investment, and life insurance, plus social responsibilities guidelines. They also took the securities investment consultant and the derivatives examination which is a key professional standard in the capital market. The 50 students in the final round will get trainings and take examinations of Certified Investment and Securities Analyst program (CISA) for stock analyst and Certified Financial Planner program (CFP) for financial planner, so that they might prepare themselves for this key capital market profession. Winners will be judged by presenting business plan, and quiz on a stage.
In addition to the key four alliance partners, YFS 2014 is also supported by the Association of Securities Companies, The Capital Market Development Fund Foundation, Thai Financial Planner Association and the Thailand Securities Institute.
SET is committed to enhancing the financial literacy and capabilities among the Thai students from university level and the general public via a number of practical projects such as Young CFO-Corporate Financial Officer 2014 to prepare students for investor relations career, New Breed @ U-Net 2014 to produce securities and derivative investment consultant via University network national wide.
As of 24 June 2014
Type Buy Sell Net
Institution 1,939.96 2,733.25 -793.29
Proprietary 3,409.94 3,631.25 -221.32
Foreign 7,584.56 7,786.84 -202.28
Individual 23,051.30 21,834.41 1,216.89
Total Trading Value 35,985.75 M.Baht
Vietnam index closes up 0.7 pct, falls may lie ahead
Vietnam's benchmark VN Index ended Tuesday up 0.68 percent, with stronger buying demand and financial and energy stocks leading the gainers, but
a lack of supportive news could pull the market down in coming sessions, analysts said.
Saigon Securities Inc rose 1.99 percent, along a rise of 1.9 percent in Petrovietnam Gas, the country's largest listed firm, while Military Bank edged up 1.48
percent, Reuters data show.
Volume jumped 41 percent from Monday to 67.6 million shares, indicating buying demand has strengthened.
In the absence of supportive news, the index could drop to the nearest resistance levels of 556 to 560 points, while funds could be poured into shares of companies that are expected to post solid second-quarter results, BIDV Securities said in a report.
It identified no specific shares.
Here is a snapshot of the VN Index at the close
VN Index 569.74
PREV. CLOSE 565.92
% CHANGE 0.68%
SE Asia Stocks -Up on global economic growth hopes; Malaysia at record high
Malaysian stocks rose to a record high on Tuesday tracking Asian markets, bolstered by encouraging manufacturing data from China, Japan, and the United States that pointed to a recovery in global economic growth.
Other Southeast Asian stock indexes also gained after manufacturing surveys, leading indicators of output trends, showed factory activity in the U.S., China and Japan rose strongly in May.
The Malaysian index gained 0.4 percent to an all-time high of 1,892.33 points, surpassing its previous record of 1,889.47 hit on May 19.
Kuala Lumpur saw a net foreign inflow of $25.54 million.
Thai shares, however, underperformed the region, falling 0.5 percent with foreign outflows of $6.25 million. Energy shares led the fall as oil eased from recent nine-month highs.
Banks also contributed to the fall as most Thai lenders reported a drop in loan growth in May.
In Jakarta, analysts said market players expected shares to fall on political uncertainty as Southeast Asia's largest economy goes in for presidential polls next month.
"The market is quiet and uncertain following presidential debate and the gap between the two candidates is very close based on several surveys," said John Teja, director of Jakarta-based broker Ciptadana Securities.
"I think the market will pull back down in the short term on rupiah weakness, higher oil prices and tight presidential race."
Shares of PT Bumi Resources Tbk surged nearly 21.4 percent after a sharp sell-off the previous day that saw it hitting a 11-year low, on concerns about the coal miner's ability to repay debt.
In Singapore, commodities trader Olam International Ltd , ended 0.41 percent firmer after it said it had sold an 80 percent stake in its Australian grains business to Japan's Mitsubishi Corp for $64 million.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 424.72 423.97 +0.18
Singapore 3262.03 3257.40 +0.14
Kuala Lumpur 1892.33 1883.96 +0.44
Bangkok 1460.92 1468.70 -0.53
Jakarta 4862.24 4842.13 +0.42
Manila 6793.07 6761.99 +0.46
Ho Chi Minh 569.74 565.92 +0.68