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ASEAN STOCK WATCH Asean Affairs  30 June 2014 


30 June 2014

The Straits Times Index (STI) ended -15.38 points lower or -0.47% to 3255.67, taking the year-to-date performance to +2.87%.

The FTSE ST Mid Cap Index declined -0.06% while the FTSE ST Small Cap Index declined -0.32%. The top active stocks were SingTel (-1.03%), UOB (-0.31%), DBS (-0.36%), OCBC Bank (-0.31%) and Keppel Corp (-0.19%).

The outperforming sectors today were represented by the FTSE ST Real Estate Investment Trusts Index (+0.06%). The two biggest stocks of the FTSE ST Real Estate Investment Trusts Index are CapitaMall Trust (+0.25%) and Ascendas REIT (-0.86%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -1.34% with Midas Holdings’ share price declining -1.14% and Geo Energy Resources’ share price declining -1.67%. The FTSE ST Oil & Gas Index declined -0.17%.  The FTSE ST Telecommunications Index declined -1.03%.

The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India  (+0.84%), SPDR Straits Times Index ETF (-0.60%), SPDR Gold Shares (-0.24%).

The three most active Real Estate Investment Trusts (REITs) by value were CapitaCommercial Trust (+1.19%), CapitaMall Trust (+0.25%), Ascendas REIT (-0.86%).

The most active index warrants by value today were HSI23200MBeCW140828 (-7.62%), HSI23200MBePW140730 (unchanged), HSI23600MBeCW140730 (-12.73%).

The most active stock warrants by value today were DBS MB ePW140901 (unchanged), KepCorp MBeCW141201 (-0.79%), UOB MB eCW140901 (-12.75%).

Singapore Stock Market
                                    Monday                           Friday
*ST Index             3,255.67  -15.38           3,271.05  -7.52
Volume:                     2,330.5M                        1,551.4M
Value:                      $1,052.3M                         $727.3M
Gainers/Losers:            193/250                          189/205


Daily Market Commentary (Securities)
30 Jun 2014

The FBM KLCI index gained 1.78 points or 0.09% on Monday. The Finance Index increased 0.18% to 17172.35 points, the Properties Index dropped 0.40% to 1428.15 points and the Plantation Index down 0.09% to 9230.91 points. The market traded within a range of 4.51 points between an intra-day high of 1882.49 and a low of 1877.98 during the session.

Actively traded stocks include ECONBHD, SUMATEC, MAS, SUMATEC-WB, KNM, TALAMT, KNM-WA, SKPRES-WA, ASIAPAC and HUBLINE. Trading volume increased to 1819.41 mil shares worth RM2303.12 mil as compared to Friday’s 1644.14 mil shares worth RM1803.79 mil.

Leading Movers were KLCCP (+24 sen to RM6.53), HLFG (+18 sen to RM16.14), PPB (+8 sen to RM15.14), RHBCAP (+7 sen to RM8.55) and ASTRO (+7 sen to RM3.51). Lagging Movers were BAT (-84 sen to RM65.54), PETDAG (-24 sen to RM24.04), FGV (-6 sen to RM4.16), PBBANK (-2 sen to RM19.58) and AMMB (-1 sen to RM7.12). Market breadth was negative with 370 gainers as compared to 453 losers.

Monday ended with the KLCI closing higher at 1882.71 points. Market activity throughout the day remained lackluster, as investors both locally and regionally await a packed week of economic data, amid the stable dollar, that will test the market’s optimism for a pick-up in US and global economies.


Funds in Canada and U.S. still keen on Thai companies during roadshow

BANGKOK, June 30, 2014 - The Stock Exchange of Thailand (SET), jointly with Thanachart Securities pcl and Daiwa Securities Group, disclosed that 51 fund managers in Canada and the United States expressed interests on Thai listed companies and investment opportunities during a roadshow trip from June 23-27, amid a political change, covering over 150 meetings held in both countries.
SET Executive Vice President Chanitr Charnchainarong said the Thai bourse has gained success in attracting foreign investors during the roadshow as they showed interest to invest in the Thai stocks. This resulted from better understanding of the current economic and political situation in Thailand after
getting first-hand information from the roadshow team, enabling investors to assess the outlook of the Thai economy and investment potential. It was also
advantageous and an honor that His Excellency Ambassador Pisan Manawapat, Thailand ambassador to Canada and His Excellency Ambassador Vijavat Isarabhakdi, Thailand ambassador to the United States, jointly presented useful information for investment decisions.
"Investors focused on strong fundamentals of the listed companies, particular in their growth potentials, long-term competitiveness, adaptability to situations and strategic growth outlooks after political tensions eased. The roadshow was successful in making the fund participants satisfied with information from Thai companies showing their capabilities and continual improvement," added Chanitr.
Thanchart Securities' Head of Research Pimpaka Nichgaroon said that clients'  feedback was generally good despite Thailand being in a political transition period. It was quite obvious to the investors that, like the theme used for the event "Branching out on its own footing," Thai companies were very strong by themselves, less and less dependent on the government for the past decade of political instability. The strong balance sheet, enlarging cash flow stream and improving mentality for growth, were making many Thai firms to extend their growth beyond the country.
Kulachet Dharachandra, Corporate Planning Director, Siam Cement pcl, said  investors were enthusiastic in the company's unique strategic business plan adaptable to political uncertainties in the short term, while ready to enhance competitiveness in the long run, as well as successfully expanding into the high-growth ASEAN region. In addition, they were interested in Thailand's infrastructure development policy, with possibilities to move forward the
government's mega projects after the political reform. Evidently, Canada investors' interest in emerging markets has increasingly put spotlights on
Thailand, compared to the previous roadshows over the last five years.
The roadshow in Northern America, in line with SET's investor base expansion  plan, aims to attract new groups of investors, especially in Canada which was held for the second time. This event was supported not only by the Royal Thai embassy in each country, but also the Board of Investment. The roadshow was participated by eight companies namely Amata Corporation pcl (AMATA), Central Pattana pcl (CPN), Siam Global House pcl (GLOBAL), Mc Group pcl (MC), PTT Exploration and Production pcl (PTTEP), Ratchaburi Electricity Generating Holding pcl (RATCH), Siam Cement pcl (SCC), and Thaicom pcl (THCOM). The combined market capitalization represents 12 percent of the total.

Trading Summary

As of   30 June  2014         Unit: M.Baht
Type                              Buy             Sell                      Net
Institution                 2,328.97      2,364.19              -35.22     
Proprietary              2,214.27      2,486.52             -272.25     
Foreign                  10,166.39      7,768.29           2,398.10     
Individual               18,423.01    20,513.64          -2,090.63     
Total Trading Value     33,132.63 M.Baht            


Vietnam index closes down 0.1 pct on selling

Vietnam's benchmark VN Index  retreated 0.12 percent from a five-day rising streak to close at 578.13 points, as cautious investors sold shares near a
critical resistance level, analysts said.

Investors became cautious as the index neared the resistance level of 580 points, while speculative funds into small stocks were not strong enough to prevent falls, said analyst Doan Thi Anh Nguyet of Saigon-Hanoi Securities.
Food producer Masan Group   led the losses, with shares falling 1.09 percent, followed by Hanoi-based Vietcombank  <VCB.HM>  that decreased 0.38 percent.
Here is a snapshot of the VN Index    at the close.  

                     VN Index      578.13             
             PREV. CLOSE      578.82             
                % CHANGE      -0.12%             
                    HIGH      582.26             
                     LOW      577.76  


SE Asia Stocks - Thai shares at 9-month high on bright economic outlook

The Thai index hit a nine-month high on Monday, marking its best quarter in more than a year, as a positive economic outlook lifted appetite for risk assets, while Indonesian shares rose modestly on the quarter in the run-up to the July presidential election.
 Thailand's central bank signalled on Monday that Southeast Asia's second-largest economy would avoid a recession this quarter and said manufacturing and consumption had "started to show signs of recovery" in May.  
Active buying was seen in large-cap energy and bank shares led by top energy firm PTT   and leading lender Bangkok Bank  <BBL.BK> , with positive economic prospects supportive to earnings outlooks.
Foreign investors bought shares for a second session, adding a net 2.4 billion baht ($74 million), after Friday's net purchase of 1.9 billion baht ($58.55 million), Thomson Reuters data showed.  
Bangkok's SET index   closed up 0.2 percent on the day, notching up a gain of nearly 8 percent on the quarter, making it Southeast Asia's best performer.
 Jakarta's composite index  climbed almost 1 percent to a near two-week high, with Bank Rakyat Indonesia , the third largest stock by market value, and Telkom Indonesia , the fourth biggest, among those actively traded.
The benchmark ended up 2.3 percent in the second quarter after a 11.6 percent rally in the first. The lack of clarity on next month's election has kept most investors on the sidelines, broker Danaseksa said in a report.
"Overall, investors may prefer to add to their positions once confirmation of Jokowi's victory is known, rather than taking the risk of accumulating now despite the market's recent weakness," the broker said.
Major markets in Southeast Asia had a positive quarter, with the Philippines   up 6.5 percent, Singapore   2.1  percent higher and Malaysia  adding 1.8 percent, but Vietnam   fell 2.3 percent, its first in four quarters.
 Market                            Current       Prev Close     Pct Move
 TR SE Asia Index*          427.76            426.16          +0.37
 Singapore                      3255.67          3271.05           -0.47
 Kuala Lumpur               1882.71          1880.93           +0.09
 Bangkok                       1485.75          1483.24           +0.17
 Jakarta                          4878.58          4845.13           +0.69
 Manila                           6844.31          6842.15          +0.03
 Ho Chi Minh                   578.13             578.82          -0.12

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ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
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• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


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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