ASEAN KEY DESTINATIONS
21 March 2018
The Straits Times Index (STI) ended 2.18 points or 0.06% lower to 3511.13, taking the year-to-date performance to +3.18%. For more observations go to www.sgx.com/research
The top active stocks today were DBS, which gained 0.28%, UOB, which gained 0.99%, Singtel, which declined 0.29%, OCBC Bank, which gained 0.37% and Venture, with a 1.05% advance.
The FTSE ST Mid Cap Index declined 0.02%, while the FTSE ST Small Cap Index rose 0.19%.
The three most active Exchange Traded Funds (ETFs) by value today were:
STI ETF (-0.29%)
Ishares Usd Asia Hy Bond ETF (-0.19%)
IS MSCI India (+0.59%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Mapletree Gcc Tr (+1.75%)
CapitaLand Mall Trust (-0.96%)
CapitaLand Commercial Trust (+0.55%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
UOB MB eCW180806 (+3.33%)
OCBC Bk MB eCW180702 (+1.45%)
DBS MB eCW180808 (-1.19%)
Singapore Stock Market
*ST Index 3,511.13 -2.18 3,513.31 +15.02
Volume: 1,374.6M 1,444M
Value: $923.6M $938.1M
Gainers/Losers: 175/232 195/224
Daily Market Commentary (Securities)
21 March 2018
The FBM KLCI index gained 9.41 points or 0.51% on Wednesday. The Finance Index increased 0.36% to 18150.76 points, the Properties Index dropped 1.20% to 1106.97 points and the Plantation Index rose 0.08% to 8014.5 points. The market traded within a range of 8.10 points between an intra-day high of 1864.94 and a low of 1856.84 during the session.
Actively traded stocks include SAPNRG, TRIVE, MEDIAC, NEXGRAM, RSENA-WA, SYSCORP, HUAAN, HBGLOB, SAPNRGC58 and PANPAGE. Trading volume increased to 2346.93 mil shares worth RM2445.77 mil as compared to Tuesday’s 1957.36 mil shares worth RM2076.39 mil.
Leading Movers were YTL (+6 sen to RM1.46), ASTRO (+8 sen to RM2.24), NESTLE (+470 sen to RM132.60), DIGI (+13 sen to RM4.75) and RHBBANK (+9 sen to RM5.41). Lagging Movers were IHH (-11 sen to RM6.09), MAYBANK (-6 sen to RM10.28), GENM (-3 sen to RM5.17), SIMEPLT (-1 sen to RM5.59) and KLCC (-1 sen to RM7.00). Market breadth was negative with 437 gainers as compared to 443 losers.
The KLCI continued its gains and closed higher at 1865.80 points amid overnight gains in US market. The performance of our local bourse was lifted by buying interest in heavy weight counters such as YTL, Astro and Digi.
Date As of: 21 March 2018
Description Volume Value Frequency
ETF 138,500 26,419,100 18
Stock 11,211,586,133 9,193,494,809,522 389,124
Warrant 306,859,700 112,061,743,400 5,490
Total 11,518,584,333 9,305,582,972,022 394,632
mai welcomes NPA management and debt collector "Chayo Group" on March 22
Bangkok, March 21, 2018 - Market for Alternative Investment (mai) will list Chayo Group pcl, a debt collection and non-performing asset (NPA) management service provider, on March 22, under the ticker symbol "CHAYO". The company has a market capitalization at its initial public offering (IPO) of THB 1.61 billion (approx. USD 50.4 million).
mai President Prapan Charoenprawatt said that CHAYO would list and start trading on mai in the Financials industry group. CHAYO's core business covers three areas: 1) Debt collection service: The company provides debt collection services, as required by client according to the terms of reference for contracts under related laws, regulations and ACTs, for example credit card loans, personal loans and utilities debt; 2) Non-performing asset management:
The company purchases both secured and unsecured non-performing assets via the auctions of both financial Institutions and non- financial Institutions; 3) Call center service.
CHAYO has a paid-up registered capital of THB 280 million, consisting of 420 million existing common shares and 140 million newly issued shares, with a par value of THB 0.50 each. The entire newly issued shares were offered to general public via IPO at THB 2.88 each, for a total of THB 403.20 million, during March 7-9, 2018. AEC Securities pcl is its financial advisor and lead underwriter.
CHAYO Chief Executive Officer Suksan Yasasin said that CHAYO has over 20 years of experience in debt collection services before expanding to non-performing asset management business at a later stage. Listing on mai would capitalize opportunities to acquire non-performing assets consisting of both secured and unsecured types, to carry out loan repayment to financial institutions, and as working capital.
CHAYO's three major shareholders after the IPO are Yasasin Family (71.31 percent), Munnithiworakul Family (2.14 percent) and Chamwuthipreecha Family (1.25 percent). The IPO price was equivalent to price-to-earnings (P/E) ratio of 27.69 times calculated by using the company's net profit in the past 12 months (January 1- December 31, 2017) totaling THB 58.24 million divided by fully diluted shares, representing earnings per share of THB 0.104. CHAYO's dividend policy is to pay no less than 40 percent of net profit from the company's separate financial statements, after legal reserves.
As of 21 March 2018 Unit: M.Baht
Type Buy Sell Net
Institution 5,666.62 4,589.40 1,077.22
Proprietary 8,400.85 7,872.01 528.84
Foreign 21,155.44 22,232.55 -1,077.11
Individual 20,907.75 21,436.69 -528.95
Total Trading Value 56,130.66 M.Baht
* Philippines ends below 8,000 for first time since Sept
* Indonesia snaps 6 sessions of falls, ends 1.1 pct higher
* Vietnam finishes higher for eighth straight session
* Focus on Fed's rate decision, outlook
By Aaron Saldanha
March 21 (Reuters) - Philippine stocks slumped nearly 2 percent on Wednesday, extending falls to their lowest close
since early August, while most other Southeast Asian markets climbed ahead of the U.S. Federal Reserve's rate decision and
The Fed is widely expected to raise interest rates at its two-day policy meeting that ends on Wednesday, with the focus mainly on Chairman Jerome Powell's commentary later in the global day, which may provide hints on the number of hikes for the rest of the year.
Most investors have already adjusted their positions into fixed income assets, said Rachelle Cruz, the head of research at AP Securities in the Philippines.
The Philippine Stock Exchange PSEI Index .PSI dropped 1.9 percent and closed below the 8,000 level for the first time since September, weighed down by financials and industrials.
SM Investments Corp SM.PS fell 2 percent, while Ayala Land Inc ALI.PS declined 3.1 percent to its lowest close since June 2017.
The central bank's reticence to raise rates puts the country at a significant disadvantage if the peso weakens after a
potential rate hike by the Fed, analysts say.
"Companies suffering in terms of margins would be consumer companies as a lot of their products are imported from other countries," said AP Securities' Cruz.
The Philippine stock index shed 4 percent in the three sessions through Wednesday.
Indonesian shares .JKSE snapped a six-session losing streak and closed 1.1 percent higher, helped by consumer staples and materials.
An index of the country's 45 most liquid stocks firmed 1.1 percent.
Unilever Indonesia rose 2.6 percent, while Telekomunikasi Indonesia TLKM.JK ended 1.4 percent higher.
Malaysian shares .KLSE gained 0.5 percent as financials and telecom services stocks rose. CIMB Group Holdings Bhd ended 1.4 percent higher.
Government data showed the consumer price index in February rose 1.4 percent from a year earlier, below the 1.9
percent forecast in a Reuters poll.
Vietnam shares .VNI advanced for an eighth straight session and closed 0.9 percent higher on broad-based gains.
Real estate firm Vingroup rose 3.7 percent to an all-time closing high.
Singapore shares .STI edged lower, dragged by industrials and real estate stocks. Jardine Matheson Holdings Ltd JARD.SI ended down 1.8 percent.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Previous close Pct
Singapore 3511.13 3513.31 -0.06
Bangkok 1801.43 1799.84 0.09
Manila 7909.07 8059.6 -1.87
Jakarta 6312.831 6243.577 1.11
Kuala Lumpur 1865.8 1856.39 0.51
Ho Chi Minh 1169.36 1159.39 0.86