ASEAN KEY DESTINATIONS
20 March 2018
The Straits Times Index (STI) ended 15.02 points or 0.43% higher to 3513.31, taking the year-to-date performance to +3.24%. For more observations go to www.sgx.com/research
The top active stocks today were DBS, which gained 0.89%, Singtel, which gained closed unchanged, UOB, which gained 0.71%, OCBC Bank, which gained 1.44% and Genting Sing, with a 0.89% advance.
The FTSE ST Mid Cap Index declined 0.14%, while the FTSE ST Small Cap Index rose 0.39%.
The three most active Exchange Traded Funds (ETFs) by value today were:
IS MSCI India (-0.47%)
STI ETF (+0.29%)
Ishares Usd Asia Hy Bond ETF (-0.48%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Mapletree Gcc Tr (-1.72%)
CapitaLand Commercial Trust (+0.55%)
Ascendas REIT (+0.38%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
DBS MB eCW180808 (+10.53%)
UOB MB eCW180806 (+7.14%)
OCBC Bk MB eCW180702 (+15.00%)
Singapore Stock Market
*ST Index 3,513.31 +15.02 3,498.29 -13.85
Volume: 1,444M 1,634.9M
Value: $938.1M $939.8M
Gainers/Losers: 195/224 128/307
Daily Market Commentary (Securities)
20 March 2018
The FBM KLCI index gained 8.45 points or 0.46% on Tuesday. The Finance Index increased 0.14% to 18085.96 points, the Properties Index dropped 0.51% to 1120.41 points and the Plantation Index rose 0.52% to 8007.95 points. The market traded within a range of 14.92 points between an intra-day high of 1856.39 and a low of 1841.47 during the session
Actively traded stocks include NEXGRAM, MEDIAC, RSENA-WA, SAPNRG, FRONTKN, GOODWAY, DGB, HUAAN, PUC and MMAG-PA. Trading volume increased to 1957.36 mil shares worth RM2076.39 mil as compared to Monday’s 1941.18 mil shares worth RM1676.88 mil.
Leading Movers were MISC (+25 sen to RM7.30), AXIATA (+14 sen to RM5.49), IHH (+15 sen to RM6.20), MAXIS (+12 sen to RM5.88) and SIMEPLT (+10 sen to RM5.60). Lagging Movers were ASTRO (-14 sen to RM2.16), KLCC (-39 sen to RM7.01), SIME (-6 sen to RM2.60), TM (-12 sen to RM5.46) and NESTLE (-170 sen to RM127.90). Market breadth was negative with 284 gainers as compared to 657 losers.
The KLCI closed higher at 1856.39 points despite overnight retreat in US market. The performance of our local bourse lifted due to high buying interest in heavy weight counters led by MISC.
Date As of: 20 March 2018
Description Volume Value Frequency
ETF 157,600 40,089,700 57
Stock 10,359,851,334 8,072,429,095,598 358,247
Warrant 458,067,900 115,179,453,500 3,344
Total 10,818,076,834 8,187,648,638,798 361,648
SET welcomes lime producer "Chememan" on March 21
Bangkok, March 20, 2018 - The Stock Exchange of Thailand (SET) will list Chememan pcl, Thailand's largest lime and lime-derivative chemicals producer and distributor, on March 21, under the ticker symbol "CMAN". The company has a market capitalization at its initial public offering (IPO) of THB 3.69 billion (approx. USD 115 million).
SET President Kesara Manchusree said that CMAN would list and start trading on the Industrials industry group, Petrochemicals & Chemicals sector. CMAN was considered Thailand's largest lime and lime-derivative chemicals producer and distributor with total installed capacity of approximately 800,000 tons per year.
CMAN was only one company in Thailand that obtained a 25-year mining concession issued by the Department of Primary Industries and Mines, Ministry of Industry (ending June 2040) permitting the operation of limestone mining at Tubkwang quarry, Saraburi province in central Thailand. The company can therefore manage material costs and control quality to cater to a wide range of customers.
CMAN has a paid-up registered capital of THB 960 million, consisting of 720 million existing common shares and 240 million newly issued shares, with a par value of THB 1.00 each. It offered the entire newly issued shares to general public via IPO during March 14 -16, at THB 3.84 each, for a total of THB 921.60 million. Tisco Bank pcl is its financial advisor, while TISCO Securities Co., Ltd. is its underwriter.
CMAN Chief Executive Officer Adisak Lowjun said CMAN has great expertise in lime and lime-derivative chemicals production technology to serve customers in various industries, earning their long-term trust. Listing on SET will strengthen the company's ability to expand business both in Thailand and overseas. The company plans to increase capacity for domestic production, build warehouses and silos to enhance inventory management effectiveness, as well as establishing a joint-venture with a company in India to produce and distribute limestone and lime products in two port cities and industrial estates in India.
All these will help expand customer base and operations towards sustainable growth.
CMAN's three major shareholders after the IPO are Group of Srivikorn Group (29.73 percent), Buranachart Co., Ltd. (26.26 percent) and Ungpakorn Group (1.36 percent). The IPO price was determined based on a book building process, equivalent to price-to-earnings (P/E) ratio of 33.72 times calculated by using
the company's net profit in the past four quarters (Q1/2017 - Q4/2017) divided by fully diluted shares, representing earnings per share of THB 0.11. CMAN's dividend policy is to pay no less than 40 percent of net profit from the company financial statement, after corporate income tax and legal reserves.
For more information, please see the company's prospectus at the Securities and Exchange Commission's website at www.sec.or.th; and for general information, please visit www.chememan.com , as well as www.set.or.th.
SET marks 11 years of social development awards, benefiting over seven million Thais
Bangkok, March 20, 2018 - The Stock Exchange of Thailand (SET) has granted the annual social development awards in honor of nine social activists who have dedicated their efforts to help better the society, while supporting seven social organizations in seven different areas. This marks the 11 year anniversary of the partnership projects with seven social organizations that has recognized 87 social activists who have been dedicated to enhancing the society through a total of 45 social development projects in seven fields in 34 provinces, directly and indirectly benefitting over seven million Thais inclusive of the underprivileged all over Thailand.
SET President Kesara Manchusree stated that SET would like to congratulate the award winners and express gratitude to the seven social organizations. The award recipients have put tremendous efforts into enhancing the society, being role models in creating benefits to community dwellers and society as a whole. This year, nine award winners were nominated by the six social organizations in the project. This is one of SET's key projects for society, in accordance with the vision 'To Make the Capital Market Work for Everyone'.
Followings are the nine recipients of the 2017 social development awards in six different areas.
- The library development award, nominated by The Thai Library Association, has been granted to 1) Senior Educators and Teachers Organization of Thailand established by the retirees to develop learning sources through libraries at schools or communities to allow communities members living in remote areas to access learning opportunities; 2) Kanya Musika, a teacher-librarian at Khlongkhwang School in Trat province, Southern Thailand, has made dedication to develop library as a learning source for community by incorporating sufficiency economy philosophy in her work; and 3) Kanungnit Keawsombut, a teacher at Ban Nawong School in Nan province, Northern Thailand, has initiated loving reading project by cultivating reading habit from schools to homes, and from children to community.
- The education development award, selected by the Professor Sangvien Indaravijaya Foundation, has been presented to Boonroong Sridam, a science teacher at Sammasikka Srisaasoke School in Srisaket province, Northeastern Thailand, who has adopted the sufficiency economy philosophy to bolster well-being of communities in the province.
- The rural development award, chosen by the Population and Community Development Association (PDA), has been presented to Ban Thamapraw, in Krabi province, Southern Thailand. The community members' collaboration for restoration of mangrove forest has raised the average income of fishermen in the community and nearby areas.
- The urban development award, selected by the Vimuttayalaya Foundation, has been presented to Artiwara Kongmalai (Toon Bodyslam) -singer who has dedicated himself for charity run under Kao Kon La Kao (take one step each) project, starting from the country's southernmost corner to its northernmost tip, to raise fund for 11 hospitals all over Thailand.
- The music encouragement award, nominated by the Sugree Charoensook Foundation, has been given to Mitr Samphan Bangkok Choir, a group of the elderly people who raise fund by performing in concerts to help society and share happiness to others.
- Awards for preventing and solving drug problems in the community and society, of which the recipients were selected by the Duang Prateep Foundation, have been granted to 1) Varin Artvilai, a college music student who founded "Immanuel String Orchestra" and opened a music school to teach classical music to children
and youths in Klong Toey community to motivate them to quit drug and other vices and 2) Swart Tharmsoujarit who was determined to coaching football to children and youths in Klong Toey community to reduce drug problems, including game and social network addiction problems.
As of 20 March 2018 Unit: M.Baht
Type Buy Sell Net
Institution 3,624.62 3,777.99 -153.37
Proprietary 7,636.06 7,188.16 447.91
Foreign 18,261.47 21,516.84 -3,255.38
Individual 19,704.89 16,744.04 2,960.84
Total Trading Value 49,227.04 M.Baht
SE Asia Stocks-Philippines, Indonesia drop ahead of Fed meeting
* Philippines slumps 2.1 pct, posts lowest close since mid-Sept
* Indonesia extends fall into sixth consecutive session
* Singapore ends higher for first time in five sessions
By Aaron Saldanha
March 20 (Reuters) - Philippine shares plunged over 2 percent and Indonesian stocks fell for a sixth straight session
on Tuesday, as investors braced for new Federal Reserve Chairman Jerome Powell's first policy meeting starting later in the day.
The Philippine Stock Exchange PSEI Index .PSI ended 2.1 percent lower, posting its lowest close since mid-September, after declining as much as 2.7 percent.
The Philippine economy is more exposed to U.S. rate hikes with current account and budget deficits. Inflation also
quickened to 3.9 percent in February, the fastest pace in more than three years under a revised price index.
"I think what is alarming the region right now is the Fed is open to raising its benchmark rates probably four times (this year). It is a story of a shift of funds from emerging markets back to the U.S. given the improved economic outlook," said Lexter Azurin, a senior equity analyst at AB Capital.
As of Monday, foreign investors had offloaded Philippine equities worth a net $195 million so far this month, according to exchange data.
The Fed is widely expected to raise rates on Wednesday, with market participants looking for any hints on the number of remaining rate hikes in store for 2018 in Powell's commentary the next day.
Financials and real estate stocks were the top losers with Ayala Corp AC.PS declining 7.2 percent and BDO Unibank Inc shedding 2.7 percent.
Indonesian shares dropped 0.7 percent to their lowest close since late December with Telekomunikasi Indonesia
down 4.2 percent.
Foreign investors had sold Indonesian equities worth a net $714 million in the month to Monday, according to exchange data.
An index of the country's 45 most liquid stocks fell 0.9 percent.
Thai shares .SETI closed little changed with gains in materials stocks being largely negated by weakness in
financials. Bangkok Bank Pcl fell 1 percent.
Singapore shares .STI snapped four sessions of falls, buoyed by financials. Lender Oversea-Chinese Banking Corp Ltd OCBC.SI rose 1.4 percent, while DBS Group Holdings Ltd gained 0.9 percent.
Malaysian shares .KLSE recovered from early losses to end 0.5 percent higher as financials and telecom services stocks rose. Public Bank Bhd gained 1.7 percent.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Previous close Pct Move
Singapore 3513.31 3498.29 0.43
Bangkok 1799.84 1799.79 0.00
Manila 8059.6 8235.54 -2.14
Jakarta 6243.577 6289.572 -0.73
Kuala Lumpur 1856.39 1847.94 0.46
Ho Chi Minh 1159.39 1159.22 0.01