ASEAN KEY DESTINATIONS
23 March 2015
The Straits Times Index (STI) ended -2.31 points lower or -0.07% to 3410.13, taking the year-to-date performance to +1.34%.
The FTSE ST Mid Cap Index gained +0.45% while the FTSE ST Small Cap Index gained +0.44%. The top active stocks were SingTel (unchanged), DBS (+0.75%), Noble (+4.00%), UOB (+0.44%) and CapitaLand (unchanged).
The outperforming sectors today were represented by the FTSE ST Health Care Index (+2.93%). The two biggest stocks of the FTSE ST Health Care Index are Raffles Medical Group (-0.52%) and Biosensors International Group (+8.76%). The underperforming sector was the FTSE ST Real Estate Holding and Development Index, which declined -0.47% with Hongkong Land Holdings’ share price declining -0.94% and Global Logistic Properties’ share price declining -0.39%.
The three most active Exchange Traded Funds (ETFs) by value today were the DBXT MSCI Asia Ex Japan ETF (unchanged), DBXT CSI300 ETF (+1.10%), SPDR Gold Shares (+0.68%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (+0.47%), Suntec REIT (+1.08%), Ascendas REIT (-0.39%).
The most active index warrants by value today were HSI24400MBeCW150429 (+1.55%), HSI24200MBePW150429 (-10.57%), HSI25000MBeCW150429 (+1.19%).
The most active stock warrants by value today were DBS MB eCW150915 (+1.20%), OCBC Bk MBeCW150803 (unchanged), UOB MB eCW150701 (+2.48%).
Singapore Stock Market
*ST Index 3,410.13 -2.31 3,412.44 +26.28
Volume: 950.4M 1,268.7M
Value: $957.6M $1,537.7M
Gainers/Losers: 218/186 247/184
Daily Market Commentary (Securities)
20 March 2015
The FBM KLCI index lost 5.48 points or 0.30% on Friday. The Finance Index fell 0.40% to 15968.45 points, the Properties Index up 0.00% to 1303.7 points and the Plantation Index down 0.11% to 7802.05 points. The market traded within a range of 8.16 points between an intra-day high of 1806.90 and a low of 1798.74 during the session.
Actively traded stocks include MQTECH, ETITECH, SUMATEC, TENAGA, YFG, TMS, XINGHE, CME, WINTONI and PARKSON. Trading volume decreased to 2123.92 mil shares worth RM3137.65 mil as compared to Thursday’s 2211.36 mil shares worth RM1845.51 mil.
Leading Movers were BAT (+98 sen to RM68.60), IHH (+7 sen to RM5.77), AMMB (+4 sen to RM6.20), UMW (+4 sen to RM10.84) and TM (+2 sen to RM7.02). Lagging Movers were RHBCAP (-21 sen to RM7.82), YTL (-3 sen to RM1.62), PPB (-26 sen to RM14.98), PETCHEM (-8 sen to RM5.12) and HLFG (-24 sen to RM16.88). Market breadth was negative with 325 gainers as compared to 471 losers.
The KLCI dropped 5.48 points to end at 1803.65 points, taking cue from lower overnight closing in Wall Street. The performance of our benchmark index was dragged down by selling in banking counters.
Date As of: 20 March 2015
Description Volume Value Frequency
Total 6,617,074,669 7,129,834,893,441 245,610
ETF 00 00 00
Stock 6,565,817,769 7,126,171,610,741 244,696
Warrant 51,256,900 3,663,282,700 914
Thai bourse to list The Platinum Group on March 24
BANGKOK, March 23, 2015 - The Stock Exchange of Thailand (SET) will list the Platinum Group pcl, a leasing and property developer of the Platinum Fashion Mall and Novotel Bangkok Platinum Pratunam Hotel on March 24, under the ticker symbol "PLAT". The company has a market capitalization at its initial public offering (IPO) of THB 20.72 billion (approximately USD 627.89 million).
SET Executive Vice President Chanitr Charnchainarong said PLAT would list and start trading on SET's Property Development sector, Property & Construction industry on March 24. The company has been in the business of property development and leasing of wholesale and retail shopping mall as well as hotel, consisting of three projects: 1) The Platinum Fashion Mall 2) Novotel Bangkok Platinum Pratunam Hotel under Accor Group management 3) the Wharf Samui, a community mall on an island in the southern part of Thailand, officially opened in January this year.
PLAT has a paid-up registered capital of THB 2.8 billion, consisting of 2,100 million existing common shares with a par value of THB 1 each and offering 700 million newly issued shares to the general public via IPO during March 12,13 and 16, at THB 7.4 each, for a total of THB 5.18 billion. Maybank Kim Eng Securities (Thailand) pcl is its financial advisor and underwriter.
PLAT Managing Director Somboon Wongrassamee said the fund raised would be used for business expansion according to the company's investment plan 2015-2020.
This listing would boost the company's capabilities to become a leader in the industry. The company has planned to launch three new projects namely The Market by Platinum, an innovative shopping mall in Ratchaprasong downtown Bangkok area, in 2017 ; the Holiday Inn Express Hotel and Holiday Inn Resort Hotel on Samui island (in 2017 and 2018 respectively). The hotel projects would expand customer base to attract Thai and foreign tourists to one of Thailand's most famous travel destination, bringing in income and enhancing tourism industry."
PLAT's three major shareholders after the IPO are Chotjurangkool group (47.09 percent), Vichitthanarak Group (11.27 percent) and Limpiwiwatkool Group (8.02 percent). The IPO price was set by a book building process and equivalent to price per earnings ratio (P/E ratio) of 47.47 times. PLAT's P/E ratio was calculated by using the company's net profit in 2014 divided by fully diluted shares, representing earnings per share of THB 0.16. The average P/E ratio in the industry in the past six month was 20.49 times (from September 1, 2014 to February 28, 2015). PLAT's dividend policy is to pay no less than 40 percent of net profits after taxes and reserves. Meanwhile, The shareholders' meeting on February 16, 2015 approved the dividend payment of THB 0.062 per share and scheduled the 2015 Annual General Meeting on (AGM) April 28, 2015, after the listing on SET. During the AGM, the names of shareholders entitled to receive dividend payment will be collected.
As of 23 March 2015 Unit: M.Baht Unit: M.Bah
Type Buy Sell Net
Institution 3,016.76 2,715.79 300.97
Proprietary 3,547.38 3,912.31 -364.93
Foreign 9,664.89 9,222.62 442.27
Individual 19,538.52 19,916.84 -378.31
Total Trading Value 35,767.56 M.Baht
Vietnam index ends near 6-wk low, more falls expected
Vietnam's benchmark VN Index ended 0.79 percent lower on Monday to its lowest since Feb. 5 in cautious sentiment, breaking a support level that
analysts said left room for further losses.
Banks led the decliners that accounted for more than half of the total equities, with Hanoi-based Vietcombank , the country's top lender by value, ending down 2.22 percent to the lowest since Feb. 5, while BIDV lost 3.35 percent.
Analysts said the index broke its 575-point support level, and expected a downward trend in coming sessions to as low as 550 points as cautious investors would extend selling while there was a lack of support from foreigners.
Here is a snapshot of the VN Index at the close
VN Index 570.89
PREV. CLOSE 575.44
% CHANGE -0.79%
SE Asia Stocks - Mostly retreat; Thai index down on telecoms
Most Southeast Asian stock markets fell on Monday, surrendering their early gains, with the Thai index dropping to a near one-week closing low, led by telecoms.
The Thai SET index declined 0.7 percent, marking its lowest close since March 17, with a 3.9 percent fall in the country's third-largest telecom firm, True Corp, and a 0.8 percent loss in Advanced Info Service Pcl .
Foreign investors bought a net $13.60 million worth Thai shares despite the central bank on Friday trimming its growth forecast for this year.
Malaysia ended 0.4 percent weaker, while Indonesia and Singapore fell 0.1 percent each with the death of Singapore's founding Prime Minister, Lee Kuan Yew, and
a seven-day period of national mourning from Monday expected to dent market sentiment.
Jakarta saw a net foreign outflow of $30.28 million, Thomson Reuters data showed. Malaysia witnessed a net inflow of $7.09 million, bourse data showed.
Vietnam's benchmark VN Index fell 0.8 percent to its lowest since Feb. 5, breaking a support level that analysts said left room for further losses.
Bucking the trend, the Philippines index ended 0.3 percent up.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3410.13 3412.44 -0.07
Kuala Lumpur 1795.85 1803.65 -0.43
Bangkok 1520.01 1529.96 -0.65
Jakarta 5437.10 5443.06 -0.11
Manila 7840.49 7818.38 +0.28
Ho Chi Minh 570.89 575.44 -0.79