ASEAN KEY DESTINATIONS
SGX extends MTP review for 13 companies to September
Singapore Exchange (SGX) is giving 13 Mainboard companies affected by recent market volatility till 1 September 2016 before their 6-month volume-weighted average prices are reviewed under the Minimum Trading Price requirement. The extension means no company will be added to the watch-list due to MTP on 3 June 2016.
Of the 13 companies, 2 are already in the SGX watch-list because they had earlier triggered the financial entry criteria1. These 13 companies saw their 6-month volume-weighted average price dip below $0.20 in recent months.
Separately, 4 companies have just triggered the financial entry criteria. Of the 4, 3 will join the watch-list on 3 June 2016 because of the criteria while 1 is already on the watch-list due to MTP.
The watch-list currently has 41 Mainboard companies under the MTP rule. The watch-list also has 33 companies under the financial criteria of which 16 are not compliant with the MTP rule.
All companies placed on the watch-list from 3 March 2016 have 3 years to carry out actions to improve their share price, if they are non-compliant with MTP, or improve their financial performance if they triggered the financial criteria.
The full list of companies on the watch-list is found here.
The lists of companies which will only be reviewed for MTP compliance on 1 September 2016 are found here:
(i) they have completed share consolidation before 1 March 2016 and have 6-month VWAP below S$0.20 (view here),
(ii) they have recently experienced a dip in their VWAP to below S$0.20 (view here); and
(iii) they have been granted an extension after consulting the exchange (view here).
Straits Times Index (STI) quarterly review
The STI reserve list, comprising the five highest ranking non-constituents of the STI by market capitalisation, will be (in order of size) Suntec REIT, Singapore Post Ltd, Neptune Orient Lines, Keppel REIT and Mapeltree Commercial Trust. Companies on the reserve list will replace any constituents that become ineligible as a result of corporate actions, before the next review. A full list of STI constituents can be found on the website: here
FTSE has partnered with Singapore Press Holdings (SPH), publisher of the Straits Times Newspaper, and the Singapore Exchange (SGX) to jointly calculate the Singapore stock market's main benchmark. The STI is widely followed by investors as the benchmark for the Singapore market and is used as the basis for a range of financial products including Exchange Traded Funds (ETFs), futures, warrants and other derivatives. FTSE is the index administrator.
The next review will take place on 1 September 2016.The indexes are reviewed half-yearly in accordance with the index ground rules and reviewed quarterly to fast-track the inclusion of eligible IPO stocks. The FTSE ST methodology ensures the indexes accurately represent the investable universe for benchmarking purposes and can be easily replicated as the basis of index-linked products.
Further information on the FTSE ST Index Series, including all additions and deletions as well as ground rules, is available at http://www.ftse.com/products/indices/SGX-ST.
02 June 2016
The Straits Times Index (STI) ended 4.55 points or 0.16% higher to 2795.09, taking the year-to-date performance to -3.04%.
The top active stocks today were DBS, which declined 0.07%, ThaiBev, which gained 2.78%, SingTel, which closed unchanged, UOB, which closed unchanged and Wilmar Intl, with a 1.80% advance.
The FTSE ST Mid Cap Index gained 0.10%, while the FTSE ST Small Cap Index rose 0.22%.
The outperforming sectors today were represented by the FTSE ST Consumer Goods Index, which rose 2.24%. The two biggest stocks of the Index - Wilmar International and Thai Beverage – ended 1.80% higher and 2.78% higher respectively.
The underperforming sector was the FTSE ST Real Estate Investment Trusts Index, which slipped 0.55%. CapitaMall Trust shares declined 0.99% and Ascendas REIT declined 0.43%.
The three most active Exchange Traded Funds (ETFs) by value today were:
IS MSCI India 100 (+0.59%)
DBXT MSCI Indonesia ETF 10 (unchanged)
STI ETF (+1.06%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Ascendas REIT (-0.43%)
Capitamall Trust (-0.99%)
Capitacom Trust (-1.07%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
DBS MB eCW161031 (unchanged)
KepCorp MBeCW161101 (unchanged)
UOB MB eCW161031 (+2.89%)
Singapore Stock Market
*ST Index 2,795.09 +4.55 2,790.54 -0.52
Volume: 1,172.4M 1,027M
Value: $731.1M $1,007.6M
Gainers/Losers: 191/173 147/243
Daily Market Commentary (Securities)
02 June 2016
The FBM KLCI index gained 4.03 points or 0.25% on Thursday. The Finance Index increased 0.47% to 14220.95 points, the Properties Index dropped 0.29% to 1146.66 points and the Plantation Index rose 0.36% to 7450.26 points. The market traded within a range of 10.56 points between an intra-day high of 1635.00 and a low of 1624.44 during the session.
Actively traded stocks include MLAB-WA, ARMADA, VIVOCOM-WB, AIRASIA, OCR, MEXTER-WA, AAX, REACH-WA, AAX-WA and NETX. Trading volume increased to 1745.73 mil shares worth RM1842.24 mil as compared to Wednesday’s 1346.21 mil shares worth RM1660.68 mil.
Leading Movers were SKPETRO (+3 sen to RM1.65), ASTRO (+5 sen to RM2.85), AXIATA (+7 sen to RM5.40), CIMB (+5 sen to RM4.45) and SIME (+8 sen to RM7.60). Lagging Movers were PETCHEM (-8 sen to RM6.50), WPRTS (-5 sen to RM4.27), HLBANK (-14 sen to RM13.16), MAXIS (-4 sen to RM5.46) and PETGAS (-10 sen to RM21.58). Market breadth was positive with 468 gainers as compared to 333 losers.
The KLCI closed higher at 1630.53 points amid overnight gains in Wall Street. The performance of our local bourse was lifted by buying interest in heavy weight counters such as SapuraKencana and Astro.
Date As of: 02 June 2016
Description Volume Value Frequency
ETF 32,100 26,109,100 10
Stock 3,826,923,731 4,660,412,919,800 208,328
Right 30,649,431 2,055,924,286 991
Warrant 19,425,777 314,891,645 711
Total 3,877,031,039 4,662,809,844,831 210,040
Thai bourse holds contest in search of young financial professionals
BANGKOK, June 2, 2016 - The Stock Exchange of Thailand (SET), jointly with Thailand Futures Exchange pcl (TFEX), Muang Thai Life Assurance pcl, PTT pcl, Kasikornbank pcl, and other institutional alliances, hold "Young Financial Star Competition 2016" (YFS 2016), in search of new generation of financier champions
from university students nationwide, competing for scholarships with domestic and overseas training programs worth a total of THB 6 million (approx. USD 170,000).
SET President Kesara Manchusree said, "On the road towards sustainability, SET has cultivated financial and investment planning skills to craft young professionals for the Thai capital market. YFS, organized by SET and partners for 14 consecutive years, has proven our commitment to groom quality investors and young up-and-coming professionals for the Thai capital market."
"Over the period of 14 years, the contest had been participated by more than 64,000 candidates. This year there are 5,640 candidates from 88 universities nationwide, of which 65 percent come from various provinces. To serve the growing demand, SET has added more testing centers in those areas. This truly reflects that young people nationwide has been more interest in investment. The result is also satisfying. As for the YFS 2015, a total of 185 students have
successfully passed the single license exam, while 153 students have earned derivatives licenses," added Kesara.
After undergoing the first round of selection process this year, 333 students from 39 universities are qualified to attend intensive training on finance, investment, insurance and social responsibility. The updated contents include latest investment trends such as FinTech, etc., on top of the digital learning tools ranging from application to SET e-book, e-tutor, e-training and digital testing on www.set.or.th/yfs
This year, the students who have passed the first round selection process will take the single license and derivatives licenses exams as part of selection process for the next round. In the final round: 25 students selected to SET Investment Star team will earn the Certified Investment and Securities Analyst program (CISA) training and exam scholarships, while 25 students from of K-Expert Star team will be granted the Certified Financial Planner program (CFP) training and exam scholarships. These exams are key passports to enter the capital market career.
The competition has taken place since January this year and the final round will be in August. In addition, SET has initiated mechanisms to craft professionals for the Thai capital market via a number of practical projects such as Young CFO-Corporate Financial Officer 2016 to prepare students for investor relations and financial analysts; New Breed @ U-Net 2016 to produce securities and derivatives investment consultants via university network nationwide; the
recently launched enterprise learning project with the first curriculum "STARTUP Fundamental Course". For more information, please visit www.set.or.th .
As of 11 May 2016 Unit: M.Baht
Type Buy Sell Net
Institution 6,007.63 5,322.03 685.60
Proprietary 5,185.08 5,157.58 27.50
Foreign 11,521.23 10,477.88 1,043.35
Individual 23,551.56 25,308.00 -1,756.44
Total Trading Value 46,265.49 M.Baht
SE Asia Stocks-Most rise; Thailand up, Philippines snaps early gains
Most Southeast Asian stock markets closed higher on Thursday, with Thai shares leading the gains after the
country's central bank kept its key policy rate steady, while Philippine stocks retreated after rising earlier in the day.
Asian shares eased after surveys showed global manufacturing activity and demand remained weak. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS struggled to keep its head above water after rising more than 3 percent over the last seven days.
"I think investors will remain skittish ahead of the U.S. non-farm employment data on Friday and will be looking out for possible cues from it on the Fed's rate hike timings," said Alex Tiu, an analyst with Manila-based AB Capital Securities Inc.
The data is expected to show the U.S. economy created 164,000 jobs in May.
Financial stocks helped the Thai index .SETI recover from the previous session's losses after the Bank of Thailand left its policy interest rate THCBIR=ECI at 1.50 percent, unchanged since April 2015.
Thailand's fifth-largest lender Bank of Ayudhya PCL BAY.BK climbed 0.7 percent.
Philippine stocks .PSI slipped 0.5 percent after gaining as much as 0.7 percent earlier in the day.
The fall is not surprising as shares have been overbought since the presidential elections and have been trading at over
19 times P/E, said April Lee-Tan, an analyst with Manila-based COL Financial Inc.
"So the stocks would be bound for a market correction now and in the following days," she said.
Shares of Philippine telecom operators, San Miguel Corp SMC.PS and Globe Telecom Inc GLO.PS , were among the biggest losers on the index.
The Philippine telecoms regulator has given the two main operators a year to boost chronically slow internet speeds,
warning it would otherwise revoke approval to take over prized spectrum agreed as part of a $1.5 billion deal this
Malaysian shares .KLSE climbed for a second day, helped by financial stocks.
Singapore .STI shares rose marginally, while Vietnam .VNI rose 0.6 percent, led by the energy index.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Close Previous Move Pct
Singapore 2795.09 2790.54 0.16
Bangkok 1424.06 1415.76 0.59
Manila 7464.59 7500.79 -0.48
Jakarta 4833.225 4839.668 -0.13
Kuala Lumpur 1630.53 1626.5 0.25
Ho Chi Minh 623.37 619.86 0.57