ASEAN KEY DESTINATIONS
06 March 2015
The Straits Times Index (STI) ended +22.24 points higher or +0.66% to 3417.51, taking the year-to-date performance to +1.56%.
The FTSE ST Mid Cap Index gained +0.21% while the FTSE ST Small Cap Index declined -0.38%. The top active stocks were SingTel (+1.70%), DBS (+0.98%), Noble (+4.98%), Keppel Land (-0.22%) and Genting Singapore (-2.63).
The outperforming sectors today were represented by the FTSE ST Telecommunications Index (+1.52%). The two biggest stocks of the FTSE ST Telecommunications Index are SingTel (+1.70%) and StarHub (unchanged). The underperforming sector was the FTSE ST Health Care Index, which declined -0.55% with Raffles Medical Group’s share price declining -0.51% and Biosensors International Group’s share price declining -0.77%.
The three most active Exchange Traded Funds (ETFs) by value today were the STI ETF (+0.59%), iShares USD Asia HY Bond ETF (-0.85%), SPDR Gold Shares (-0.42%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-0.94%), Ascendas REIT (-0.40%), CapitaCom Trust (+0.28%).
The most active index warrants by value today were HSI25000MBeCW150429 (-4.12%), HSI24200MBePW150429 (+0.60%), HSI24400MBeCW150429 (-2.99%).
The most active stock warrants by value today were DBS MB eCW150420 (+8.65%), OCBC Bk MBeCW150803 (unchanged), UOB MB eCW150701 (+2.10%).
Singapore Stock Market
*ST Index 3,417.51 +22.24 3,395.27 -20.26
Volume: 1,039.4M 1,237.7M
Value: $1,130M $934M
Gainers/Losers: 202/219 167/245
Daily Market Commentary (Securities)
6 March 2015
The FBM KLCI index gained 0.87 points or 0.05% on Friday. The Finance Index increased 0.39% to 15989.77 points, the Properties Index dropped 0.33% to 1317.62 points and the Plantation Index down 0.13% to 7923.79 points. The market traded within a range of 9.85 points between an intra-day high of 1809.65 and a low of 1799.80 during the session.
Actively traded stocks include ETITECH, INGENCO, PRIVA, ASIABIO, CYBERT, KNM, NETX, SKPETRO, FLONIC and PERISAI. Trading volume decreased to 2005.84 mil shares worth RM1926.03 mil as compared to Thursday’s 2139.06 mil shares worth RM2378.76 mil.
Leading Movers were CIMB (+10 sen to RM5.82), IHH (+7 sen to RM5.55), HLFG (+20 sen to RM17.20), TM (+8 sen to RM7.25) and GENM (+4 sen to RM4.17). Lagging Movers were YTL (-5 sen to RM1.60), PETCHEM (-11 sen to RM5.28), SKPETRO (-4 sen to RM2.41), ASTRO (-4 sen to RM3.08) and PETGAS (-18 sen to RM22.86). Market breadth was positive with 456 gainers as compared to 361 losers.
The KLCI ended flat, slightly inched up 0.87 points to close at 1806.96, underpinned by gains in banking counters. The performance of our benchmark index was in line with overnight performance in US market as investors are now eyeing upcoming non-farm payrolls data for future market direction.
Date As of: 06 March 2015
Description Volume Value Frequency
ETF 15,800 6,368,100 10
Stock 5,686,383,135 6,765,405,662,507 220,850
Warrant 49,069,400 1,850,604,400 1,258
Total 5,735,468,335 6,767,262,635,007 222,118
Thai listed firms post earnings of THB 700 bln in 2014
- Total sales up 3.61 pct y-o-y at THB 11.51 trillion
- 2014 gross profit margin at 18.48 pct y-o-y, while net profit down 11.31 pct y-o-y to THB 701.59 billion
- Banking, Information & Communication, Property Development, Food & Beverage, and Insurance as top five best profit makers
BANGKOK, March 6, 2015 - Companies listed on The Stock Exchange of Thailand (SET) reported 2014 total sales of THB 11.51 trillion (approx. USD 348.88 billion), up 3.61 percent year-on-year. The total gross profit margin was maintained at 18.48 percent, at similar rate as the end of 2013, while net profits down 11.31 percent year-on-year to THB 701.59 billion.
SET Executive Vice President Chanitr Charnchainarong said aggregate earnings were compiled from 526 listed firms, or 97.95 percent of the total 537 companies on SET (excluding those in the non-compliance and non-performing group), as of December 31, 2014. Of these firms, 435 companies, or 82.7 percent of the total, made net profits. Their total sales in 2014 rose 3.61 percent from the same period of last year to THB 11.51 trillion, while total net profits were THB 701.59 billion, down 11.31 percent from the same period of last year, resulting from reduction of net profit of Energy & Utilities and Petrochemicals & Chemicals Sectors affected by inventory losses, reduction in oil prices, and an increase in depreciation and amortization expense.
"Even Thailand's economy in 2014 was sluggish, companies listed on SET have reported positive sales growth. In addition, they could maintain their gross profit margin 18.48 percent, at similar rate as the end of 2013. However, 2014 net profit of listed companies could be seen a 1.81-percent increase if excluding ordinary items. By sector, Banking, Information & Communication, Property Development, Food & Beverage, and Insurance were the top five best profit makers in terms of net profits, in descending order, reporting higher profits and sales than a year earlier. Their combined net profit accounted for 58.06 percent of reporting listed firms, while sales of these five sectors accounted for 23.20 percent of reporting listed firms," Chanitr added.
In quarter 4/2014, total sales were 2.83 trillion (approx. USD 85.82 billion), down 3.44 percent from the same quarter of 2013, debt with net profit margins also decreasing 58.87 percent to THB 68.3 billion. At the same time, -to-equity ratio (excluding those in the Financials industry) declined from 1.25 times to 1.18 times, compared to the same quarter of 2013.
As of 6 March 2015 Unit: M.Baht Unit: M.Bah
Type Buy Sell Net
Institution 4,910.18 4,005.89 904.28
Proprietary 3,920.64 3,774.01 146.64
Foreign 11,337.02 10,827.02 510.00
Individual 25,504.92 27,065.84 -1,560.92
Total Trading Value 45,672.76 M.Baht
Vietnam index retreats 0.5 pct, volume drops
Vietnam's benchmark VN Index lost 0.49 percent at the close on Friday, erasing almost all gains earlier this week, with big-caps leading the falls in
a volatile market as foreign investors reduced their purchase.
PetroVietNam Gas , Vietnam's top firm by market value, decreased 1.24 percent, while property company Vingroup
fell 2.16 percent and Hanoi-based Vietcombank , the country's top lender by value, declined 1.58 percent.
Volume fell by a quarter from the previous session to 101.68 million shares, following foreigners' less active trade on Thursday, which was still a net purchase but at the lowest level in their 15 consecutive buying sessions, Reuters data showed.
Here is a snapshot of the VN Index at the close
VN Index 593.97
PREV. CLOSE 596.91
% CHANGE -0.49%
SE Asia Stocks-Thai index snaps losing streak; ECB bond-buy plan lifts most others
Southeast Asian stock markets mostly gained on Friday as the European Central Bank's bond-buying plan lifted sentiment, with the Thai benchmark
snapping a four-day falling streak amid strong buying in property shares on hopes of lower rates.
Bangkok's SET index closed up 0.96 percent, recouping some of the loss since Feb. 27 and rebounding from a six-week closing low in the previous session.
The Thai market ended the week down 1.2 percent in a shortened trading week. It was closed on Wednesday for a public holiday.
Late buying sent shares of developer Prinsiri 8 percent higher. Sansiri was up 5 percent and Quality Houses climbed 2.5 percent.
The Thai central bank is set to review monetary policy next Wednesday. Most economists expect no change in the policy rate , which has been unchanged at 2.0 percent since March last year, but some predict a cut as the economy continues to languish.
Thai Deputy Prime Minister Pridiyathorn Devakula said on Friday the ECB's bond purchases would lead to fund inflows, and would be positive for the stock market.
MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.4 percent ahead of a U.S. jobs report on Friday. [MKTS/GLOB]
Most Southeast Asian stock markets ended higher on the week, led by a 1.7 percent rise of the Philippines index and Indonesia adding 1.2 percent, extending the gains for a fifth week.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3417.51 3395.27 +0.66
Kuala Lumpur 1806.96 1806.09 +0.05
Bangkok 1568.29 1553.33 +0.96
Jakarta 5514.78 5450.95 +1.17
Manila 7861.33 7819.04 +0.54
Ho Chi Minh 593.97 596.91 -0.49