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ASEAN STOCK WATCH Asean Affairs  18 March 2014 


18 March 2014

The Straits Times Index (STI) ended +1.7 points higher or +0.05% to 3093.84, taking the year-to-date performance to -2.25%.

The FTSE ST Mid Cap Index gained +0.16% while the FTSE ST Small Cap Index declined -0.02%. The top active stocks were DBS (-0.44%), SingTel (-0.57%), Wilmar (+0.58%), GLP (-1.84%) and Thai Beverage (+2.46%).

The outperforming sectors today were represented by the FTSE ST Utilities Index (+1.21%). The two biggest stocks of the FTSE ST Utilities Index are Hyflux (unchanged) and HanKore (+2.19%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -1.89% with Midas Holdings’ share price declining -1.15% and SunVic Chemical’s share price declining -0.80%. The FTSE ST Financials Index declined -0.12%.

The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (-1.43%), DBXT FTS Vietnam ETF (+1.33%), IS MSCI India (+0.49%).

The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (unchanged), Suntec REIT (+0.60%), CapitaCommercial Trust (+0.68%).

The most active index warrants by value today were HSI22200MBeCW140429 (-1.47%), HSI21800MBePW140429 (-7.84%), HSI22400UBeCW140529 (unchanged).

The most active stock warrants by value today were Ezra MBeCW140401 (+10.77%), UOB MB ePW140602 (-2.56%), DBS MB eCW140604 (-9.86%).

Singapore Stock Market
                                 Tuesday                     Monday
*ST Index            3,093.84  +1.7      3,092.14  +18.42
Volume:                    1,916.2M              1,576.7M
Value:                        $943.7M               $950.2M
Gainers/Losers:           197/217                 249/181


Daily Market Commentary (Securities)
18 Mar 2014

The FBM KLCI index gained 5.54 points or 0.31% on Tuesday. The Finance Index increased 0.47% to 16436.27 points, the Properties Index up 0.55% to 1330.22 points and the Plantation Index down 0.18% to 8884.3 points. The market traded within a range of 7.16 points between an intra-day high of 1820.70 and a low of 1813.54 during the session.

Actively traded stocks include ASIABIO, IRIS, PDZ, MAS, SONA-WA, TIGER, SUMATEC, KNM, DIGI and XDL. Trading volume decreased to 1210.94 mil shares worth RM1821.31 mil as compared to Monday’s 1268.82 mil shares worth RM1516.40 mil.

Leading Movers were GENM (+18 sen to RM4.31), PBBANK (+12 sen to RM19.16), CIMB (+5 sen to RM7.05), AMMB (+12 sen to RM7.11) and PETGAS (+26 sen to RM23.26). Lagging Movers were KLK (-40 sen to RM23.70), TENAGA (-6 sen to RM11.94), GENTING (-7 sen to RM9.71), IHH (-4 sen to RM3.75) and PPB (-10 sen to RM16.40). Market breadth was positive with 397 gainers as compared to 346 losers.

The FBM KLCI ended 5.54 points higher at 1820.70, underpinned by gains in banking counters such as Public Bank, CIMB and Ambank due to stable outlook by RAM. The performance of our benchmark index was in line with the overnight gains in Wall Street, amid relief over Ukraine-Russia crisis and improved US trade data. However, investors remained cautious ahead of Federal Reserve policy meeting this week.


Trade Summary
Date As of:     18 March 2014    
Description                Volume                          Value               Frequency
ETF                           71,100                 22,809,700                       389
Stock             7,869,403,927     8,368,928,072,962                268,495
Right                                 00                               00                         00
Warrant              32,379,900             2,161,963,100                    1,630
Total              7,901,854,927      8,371,112,845,762                270,514


Thai listed firms make record dividend payment in 2013

BANGKOK, March 18, 2014 - Three hundred-seventy six firms listing on The Stock Exchange of Thailand (SET) and Market Alternative Investment (mai) announced an all-time high of dividend payment for 2013 performance with a combined dividend payment of THB 363.13 billion (approx. USD 11.17 billion), rising continuously for the sixth consecutive year. This underlines the attractive dividend yield of  the Thai capital market.

SET Senior Vice President Paveena Sriphothong said, "Although uncertainties hit  investor  confidence and dragged the Thai stock market down in 2013, earnings of Thai listed companies grew continuously, generating higher dividend payments and yields, outperforming other stock markets in ASEAN. In addition, the number of listed companies able to pay dividends rose, reflecting their financial strengths."
As of March 14, 2014, the 376 companies paying dividends included 309 SET-listed firms with dividends worth THB 360.15 billion and 67 mai-listed companies with dividends worth THB 2.99 billion. These payouts generated a 2013 dividend yield of 3.41 percent and dividend payout ratio of 46.86 percent. In addition, 38 firms gave stock dividends worth a total THB 6.60 billion based on par value.
Constituents in the SET High Dividend 30 Index (SETHD) paid 2013 dividends worth THB 163.88 billion, giving a 3.79 percent dividend yield and a 40.21 percent dividend payout ratio.
The five SET-listed firms which paid the highest dividends, in absolute amounts  in descending order, were PTT pcl (PTT), Advanced Info Service pcl (ADVANC), PTT Exploration and Production pcl (PTTEP), Siam Cement pcl (SCC) and Siam Commercial Bank pcl (SCB), representing 37.07 percent of SET's total dividends by value.
The mai-listed firms which paid the highest dividends, in absolute amounts in  descending order, were Mono Technology pcl (MONO), Unimit Engineering pcl (UEC), ACAP Advisory pcl (ACAP), Jubilee Enterprise pcl (JUBILE), and Tirathai pcl (TRT). Their total dividends accounted for 30.36 percent of mai's total dividends.
By sector, the top five dividend payments sector by valuation, in descending order, were in Energy & Utilities, Information & Communication Technology, Banking, Construction Materials and Property Development sectors.
There are more listed companies considering paying 2013 dividends at a later stage.

Trading Summary

As of  18 March 2014         Unit: M.Baht
Type                        Buy                    Sell                    Net        
Institution           4,729.74           4,269.88                 459.86     
Proprietary        4,257.10            5,386.16            -1,129.06     
Foreign            11,603.58            9,594.42             2,009.15     
Individual         20,894.45          22,234.40           -1,339.95     
Total Trading Value     41,484.87 M.Baht     


Vietnam index dips 0.1 pct, volume near 3-wk high

Vietnam's benchmark VN Index   closed 0.1 percent down on Tuesday in mixed movements of stocks, with volume hitting the highest level in nearly three weeks, partly on profit taking.
Trading volume reached 205 million shares, the highest since Feb. 27, Thomson Reuters data showed.
"Sentiment is positive while money inflow into the market is solid," said analyst Doan Thi Minh Nguyet at Saigon-Hanoi Securities.
But some stocks were sold for profit after recent gains in the afternoon session while investors were waiting for further moves by exchange-traded funds during their portfolio restructuring, scheduled to end on March 21, Nguyet said.

The index rose 0.2 percent by midday before closing down at 599.85 points, having fallen from a 52-week peak hit on Monday.
PetroVietnam Gas , Vietnam's largest listed firm, edged down 0.59 percent while Hanoi-based technology firm FPT  climbed 5.19 percent.
Here is a snapshot of the VN Index  at the close

                         VN Index       599.85            
                 PREV. CLOSE       600.36            
                   % CHANGE       -0.08%            
                      HIGH       603.21            
                      LOW       597.78            


SE Asia Stocks-Thailand, Indonesia fall as investors sell overbought markets

Stocks in Thailand and Indonesia retreated on Tuesday as investors cashed in gains in overbought markets, while most others were rangebound ahead of
the U.S. Federal Reserve's policy meeting this week on monthly asset purchases.  [
Late selling ate into early gains of Thai shares, sending the benchmark SET index  0.3 percent lower. Its 14-day Relative Strength Index (RSI) was 67.6 at the close, briefly breaching 70 earlier, indicating the market was overbought.

The Thai market had risen over the past three sessions due to hopes about improving political situation at home. Thailand is lifting a state of emergency in Bangkok, taking a step to restore some confidence as anti-government protests subside.

A court hearing on the Feb. 2 election case on Wednesday could help unlock the crisis.  

Jakarta's composite index (JCI)   dropped 1.5 percent, extending a modest loss on Monday, with its 14-day RSI ending  at 66.6 versus Monday's 76. Shares of Astra International  slid 2.9 percent after a rally on Monday.

The recent market rally on the back of optimism about the  coming election sent the index close to end-year target, prompting profit taking.
 "At this stage, we think some profit-taking is warranted given political pitfalls that still lie ahead," said Harry Su, head of research at broker Bahana Securities in Jakarta. The broker's 2014 index target is 5,000 while JCI ended at 4,805.16.

Philippine stocks   rose 1 percent, helped by selective buying in large caps in a reporting season, Singapore  and Malaysia  ended slightly higher, while Vietnam  fell into negative territory after early gains.

 Market                            Current     Prev Close    Pct Move
 TR SE Asia Index*           406.84          407.06         -0.05
 Singapore                       3093.84        3092.14         +0.05
 Kuala Lumpur                1820.70        1815.16          +0.31
 Bangkok                        1373.08        1377.10          -0.29  
 Jakarta                           4805.61        4876.19          -1.45
 Manila                            6466.55        6399.99         +1.04
 Ho Chi Minh                    599.85          600.36           -0.08

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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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