ASEAN KEY DESTINATIONS
22 March 2016
The Straits Times Index (STI) ended 0.04 points or 0.00% lower to 2880.65, taking the year-to-date performance to -0.07%.
The top active stocks today were DBS, which declined 1.27%, Noble, which gained 4.44%, SingTel, which gained closed unchanged, OCBC Bank, which gained 0.66% and Wilmar Intl, with a 1.82% advance.
The FTSE ST Mid Cap Index gained 0.23%, while the FTSE ST Small Cap Index rose 0.13%.
The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which rose 2.33%. The two biggest stocks of the Index - Midas Holdings and Geo Energy Resources- ended 3.57% higher and 0.85% lower respectively.
The underperforming sector was the FTSE ST Health Care Index, which slipped 0.59%. Raffles Medical Group shares declined 1.10% and Biosensors International Group remained unchanged.
The three most active Exchange Traded Funds (ETFs) by value today were:
IS MSCI India 100 (+0.15%)
SPDR Gold Shares (+0.69%)
Nikko AM Singapore STI ETF (+0.34%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Ascendas REIT (-0.81%)
Capitamall Trust (+2.35%)
Capitacom Trust (+0.68%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
DBS MB eCW160711 (-9.62%)
KepCorp MBeCW161212 (-0.78%)
UOB MB eCW160705 (-8.20%)
For real time price updates throughout the course of the trading day, investors can access and sort market information here.
Singapore Stock Market
*ST Index 2,880.65-0.04 2,880.69-26.11
Volume: 1,987.1M 1,519.1M
Value: $1,232.2M $1,041.1M
Gainers/Losers: 191/193 149/253
Daily Market Commentary (Securities)
22 March 2016
The FBM KLCI index gained 6.39 points or 0.37% on Tuesday. The Finance Index increased 0.11% to 14697.96 points, the Properties Index up 1.10% to 1192.87 points and the Plantation Index rose 0.23% to 8060.25 points. The market traded within a range of 8.96 points between an intra-day high of 1724.75 and a low of 1715.79 during the session.
Actively traded stocks include SGB-PR, HUBLINE, HWGB-WD, EKA, AAX-WA, AIRASIA, KGROUP, PALETTE, SONA-WA and TENAGA. Trading volume increased to 2422.08 mil shares worth RM2876.26 mil as compared to Monday’s 2010.01 mil shares worth RM2052.67 mil.
Leading Movers were UMW (+42 sen to RM7.04), TENAGA (+52 sen to RM14.00), ASTRO (+8 sen to RM3.00), CIMB (+8 sen to RM4.86) and SIME (+8 sen to RM8.00). Lagging Movers were SKPETRO (-5 sen to RM2.10), WPRTS (-8 sen to RM4.02), YTL (-3 sen to RM1.66), GENM (-8 sen to RM4.45) and RHBCAP (-9 sen to RM5.88). Market breadth was negative with 396 gainers as compared to 473 losers.
The KLCI extended its winning streak with last minute spike again and closed higher at 1724.75 points amid overnight slight gains in US market. The performance of our local bourse was lifted by buying interest in heavy weight counters such as Tenaga Nasional, CIMB Group Holdings and Sime Darb
Date As of: 22 March 2016
Description Volume Value Frequency
ETF 84,400 62,012,100 23
Stock 6,657,133,462 5,697,552,699,900 262,042
Warrant 8,711,400 107,769,300 241
Total 6,665,929,262 5,697,722,481,300 262,306
Thai alternative bourse to list Getabec on March 23
BANGKOK, March 22, 2016 - Market for Alternative Investment (mai) will list Getabec pcl, a leading steam boiler producer and distributor, on mai on March 23, under the ticker symbol "GTB". The company has a market capitalization at its initial public offering (IPO) of THB 1.1 billion (approx. USD 31.40 million).
mai President Prapan Charoenprawatt said that GTB would list and start trading on mai in the Industrials industry group. GTB was a producer of high quality steam boilers, combustion system, and thermal energy engineering equipment, under its own brand "GETABEC" sold to domestic and foreign customers, as well as being an original equipment manufacturer (OEM) for international clients. The company was a distributor of steam boilers and
related equipment of top global brands as well. In addition, GTB also gained revenues from maintenance and evaluation services for steam boilers.
GTB has a paid-up registered capital of THB 240 million, consisting of 720 million existing common shares and 240 million newly issued shares, with a par value of THB 0.25 each. During March 16-18, it offered newly issued shares to the general public via IPO, at THB 1.15 each, for a total of THB 276 million. Asset Pro Management Co., Ltd. was the financial advisor, while Finansia Syrus Securities pcl was its underwriter.
GTB Chief Executive Officer Suchat Mongkhonaripong said that GTB focused on quality and safety standards enhancement with skillful engineers and integrated services ranging from design, product selection, fuel selection and after-sales service. GTB's products could be used in almost every type of factories. Currently, the company operated six branches in Rayong, Samutprakarn, Samutsakorn, Songkla, Saraburi and Phitsanulok. The fund raised would be used to invest in factory expansion and increase production capacity at factories in Rayong and Bang Phli. It would also be used for setting up a training center, for carrying out research and development, engineering calculation and design programs, as well as to open sales and customer service offices in Thailand and abroad.
GTB's three major shareholders after the IPO are Mongkhonaripong Family (75 percent), Paiboon Sereeviwattana (0.38 percent), and Somchai Pispahutarn (0.36 percent). The IPO price was equivalent to price-to-earnings ratio (P/E ratio) of 16.43 times calculated by using the company's net profit in the past 12 months (January 1 - December 31, 2015), which was THB 68.90 million, divided by fully diluted shares, representing earnings per share of THB 0.07. GTB's dividend policy is to pay no less than 40 percent of net profits after taxes and reserves.
As of 22 March 2016 Unit: M.Baht
Type Buy Sell Net
Institution 7,085.08 4,967.70 2,117.38
Proprietary 7,135.21 7,047.57 87.64
Foreign 19,583.93 19,032.11 551.82
Individual 28,952.29 31,709.13 -2,756.85
Total Trading Value 62,756.51 M.Baht
Vietnam shares fall for third session in cautious trade
Vietnam's benchmark VN Index .VNI ended down 0.24 percent on Tuesday, retreating for the third straight session, after the market failed several times to break a strong resistance level.
Trading volume hit 132 million shares, a fifth lower than the five-day average, with analysts and traders attributing a
parliament gathering to often dull trading sessions and as cautious sentiment kicked in around the 580-point resistance
Dairy firm Vinamilk VNM.HM , Vietnam's top firm by market value, led the falls with a drop of 1.48 percent. VietinBank CTG.HM declined 1.16 percent to close at a one-month low of 17,100 dong ($0.77).
Here is a snapshot of the VN Index .VNI at the close
VN Index 570.91
PREV. CLOSE 572.27
% CHANGE -0.24%
SE Asia Stocks-Thailand rises on stimulus plan; Indonesia, Philippines down
Southeast Asian stock markets were mixed on Tuesday, with Thailand advancing on stimulus measures announced this week and as investors waited for a decision on interest rates by central banks in the country as well as in the Philippines.
Thailand's SET index .SETI ended the day up 0.3 percent after the nation's cabinet approved 70 billion baht ($2 billion) of soft loans for lower-income first-home buyers.
That followed a plan announced Monday by the finance minister for more stimulus measures, including grants for
low-income earners and tax deductions during next month's water festival.
"Thailand's SET is helped by additional economic stimulus that is targeted at boosting consumption. However, the boost may be limited given that some of the measures are temporary," such as the tax breaks, said Bernard Aw, market analyst at online brokerage IG in Singapore.
The Philippines composite index .PSI pared losses to close down 0.5 percent, after jumping to its highest close since
August on Monday.
Both the Thai and Philippine central banks are expected to leave interest rates unchanged when they meet on Wednesday.
Indonesia's Jakarta Composite index .JKSE , the other loser in the region, was down 0.6 percent at the close.
Thousands of Indonesian taxi drivers took to the streets of the capital Jakarta on Tuesday to protest ride-hailing apps such as Grab and Uber, bringing parts of the city to a standstill.
"Indonesia and the Philippines have been doing really well this year, so may be facing some profit-taking pressure," IG's Aw said. Both indexes are up about 6 percent this year, and, along with Malaysia, are the best performing major Asian markets.
Moody's Investor Service on Tuesday said Singapore, Malaysia and Thailand, the region's major export-oriented economies, face weaker growth prospects than the more domestic demand-driven economies of Indonesia and the Philippines.
Singapore's Straits Times Index .STI surrendered early gains to end the day flat at 2,880.65.
A Reuters poll on Tuesday showed February industrial production probably fell from a year earlier for the 13th
Investors are looking to the city-state's 2016 budget announcement expected on Thursday.
Malaysia .KLSE , which traded flat most of the day, jumped in late trading to close 0.4 percent higher.
SOUTHEAST ASIAN STOCK MARKETS
Market Current previous Pct Move
Singapore 2880.65 2880.69 0.00
Bangkok 1397.2 1393.63 0.26
Manila 7342.03 7376.41 -0.47
Jakarta 4856.107 4885.163 -0.59
Kuala Lumpur 1724.75 1718.36 0.37
Ho Chi Minh 570.91 572.27 -0.24