ASEAN KEY DESTINATIONS
11 May 2016
The Straits Times Index (STI) ended 8.28 points or 0.3% lower to 2732.87, taking the year-to-date performance to -5.20%.
The top active stocks today were Wilmar Intl, which declined 3.52%, SingTel, which gained 0.26%, UOB, which declined 0.96%, DBS, which declined 0.88% and OCBC Bank, with a 0.36% advance.
The FTSE ST Mid Cap Index declined 0.14%, while the FTSE ST Small Cap Index declined 0.20%.
The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 1.10%. The two biggest stocks of the Index - Keppel Infrastructure Trust and SIIC Environment Holdings – ended 1.00% higher and 0.75% higher respectively.
The underperforming sector was the FTSE ST Health Care Index, which slipped 3.04%. Raffles Medical Group shares remained unchanged and Riverstone Holdings declined 2.75%.
The three most active Exchange Traded Funds (ETFs) by value today were:
STI ETF (-0.72%)
DBXT S&P CNX Nifty ETF 10 (+0.84%)
DBXT MSCI China TRN ETF 10 (-0.44%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Ascendas REIT (-0.41%)
Capitamall Trust (unchanged)
Capitacom Trust (-1.06%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
DBS MB eCW160711 (-8.11%)
Singapore Stock Market
*ST Index 2,732.87 -8.28 2,741.15 -24.91
Volume: 1,013.1M 856.9M
Value: $1,095M $913.1M
Gainers/Losers: 182/203 160/224
Daily Market Commentary (Securities)
11 May 2016
The FBM KLCI index gained 8.74 points or 0.53% on Wednesday. The Finance Index increased 0.53% to 14604.15 points, the Properties Index up 0.86% to 1166.51 points and the Plantation Index rose 0.20% to 7507.98 points. The market traded within a range of 16.54 points between an intra-day high of 1646.96 and a low of 1630.42 during the session.
Actively traded stocks include VIVOCOM, SGB-PA, AAX-WA, AAX, VIVOCOM-WB, AIRASIA, MTOUCHE, AWC, VIVOCOM-WC and KANGER-WA. Trading volume increased to 1674.36 mil shares worth RM1888.52 mil as compared to Tuesday’s 1619.08 mil shares worth RM2053.86 mil.
Leading Movers were YTL (+5 sen to RM1.63), RHBCAP (+16 sen to RM6.00), BAT (+118 sen to RM48.12), AMMB (+10 sen to RM4.53) and AXIATA (+10 sen to RM5.46). Lagging Movers were PETDAG (-16 sen to RM22.70), GENM (-3 sen to RM4.31), UMW (-2 sen to RM6.16), CIMB (-1 sen to RM4.68) and PETCHEM (-1 sen to RM6.41). Market breadth was positive with 467 gainers as compared to 359 losers.
The KLCI rose to close at 1644.58 points, taking cue from overnight gains in Wall Street. The performance of our local bourse was buoyed by buying interest in heavy weight counters such as YTL Corp and RHB Cap.
Date As of: 11 May 2016
Description Volume Value Frequency
ETF 1,000 855,000 01
Stock 6,408,237,186 5,402,942,768,090 220,371
Warrant 11,107,100 123,843,200 263
Total 6,419,345,286 5,403,067,466,290 220,635
Thai bourse to list ASN Broker on May 12
BANGKOK, May 11, 2016 - Market for Alternative Investment (mai) will list ASN Broker pcl, an insurance broker, on May 12, under the ticker symbol "ASN." The company has a market capitalization at its initial public offering (IPO) of THB 780 million (approximately USD 22.03 million), being the first insurance broker to be listed on mai.
mai President Prapan Charoenprawatt said that ASN would list and start trading on mai in the Financials Industry Group. The company operated business as a direct non-life insurance broker mainly focusing on motor insurance with 148 telemarketing agents, its subsidiary also provided life insurance broker with 30 telemarketing agents at end-2015. ASN had 16 non-life insurance partners and two life insurance partners.
ASN has a paid-up registered capital of THB 65 million, consisting of 100 million existing common shares and 30 million newly issued shares, with a par value of THB 0.50 each. During April 27-29, it offered newly issued shares to the general public via IPO, at THB 6.00 each, for a total of THB 180 million.
Triple A Plus Advisory Co., Ltd. was the financial advisor, while KGI Securities (Thailand) pcl was its underwriter.
ASN Chief Executive Officer Thawatchai Lertrungruang said that the fund raised would be used to further develop information technology, database management systems and e-commerce platform project and open up new selling channels, making it convenient for customers. It will also be used to increase a number of telemarketing agents, and enhance business opportunities, aiming to capture larger market share in the future. Part of the fund would be allocated for working capital, to drive business growth and expansion.
ASN's three major shareholders after the IPO are Lertrungruang Family group (61.53 percent), Vanchanog Varunaprabha (15.39 percent) and Anurakwongsri Family group (3.04 percent). The IPO price was equivalent to price-to-earnings ratio (P/E ratio) of 31.68 times calculated by using the company's net profit in the past four quarters (Quarter1-4, 2015), which was THB 24.62 million, divided by fully diluted shares, representing earnings per share of THB 0.19. ASN's dividend policy is to pay no less than 40 percent of net profits after taxes and reserves.
As of 11 May 2016 Unit: M.Baht
Type Buy Sell Net
Institution 5,461.36 5,025.40 435.96
Proprietary 4,724.43 5,794.61 -1,070.18
Foreign 10,598.72 11,600.93 -1,002.21
Individual 26,856.83 25,220.40 1,636.43
Total Trading Value 47,641.34 M.Baht
Vietnam index hits six-month high on robust trade
Vietnam's benchmark VN Index .VNI rallied 1.49 percent to close at 614.06 points, the highest level since Nov. 6, 2015, with volume hitting a two-week high and most shares rising on speculative foreign buying, analysts said.
The exchange's top 10 biggest firms by market value advanced, led by food, beverage, tobacco companies and banking
stocks. Foreign investments in Vietnam's securities market are mainly long term.
Dairy products maker Vinamilk VNM.HM , the country's top firm by market value, ended up 2.1 percent, followed by property and retail company Vingroup VIC.HM , which gained 2.88 percent, and lender VietinBank CTG.HM that jumped 3.45 percent.
As many as 162.8 million shares changed hands, the highest level since April 26, Reuters data showed.
Here is a snapshot of the VN Index .VNI at the close
VN Index 614.06
PREV. CLOSE 605.05
% CHANGE +1.49%
SE Asia Stocks-Philippines closes at 9-mth high; S'pore, Thailand fall
Most Southeast Asian stocks ended higher on Wednesday, with Philippines closing at its highest since
August as investors were optimistic president-elect Rodrigo Duterte would continue with pro-business economic policies that are good for markets.
Duterte has yet to detail his economic agenda but has said he has no qualms about using some of Benigno Aquino's policies, which have focused on infrastructure and improved fiscal efficiency.
It is not clear when Duterte's victory will be officially declared but he is expected to take office on June 30.
The Philippine index .PSI closed about 3 percent higher, posting its biggest 2-day gain in nearly 3 years, led by
financial and industrial stocks.
The Jakarta Composite Index (JCI) .JKSE closed 0.8 percent higher, its biggest daily gain in more than three weeks, led by consumer staples and financial stocks.
"We expect JCI to trend up higher as Japanese yen continued to weaken and crude oil price rebounded," Taye Shim, analyst at KDB Daewoo Indonesia said in a note on Wednesday.
Singapore .STI closed down 0.3 percent, dragged lower by banking stocks.
DBS Group Holdings Ltd DBSM.SI fell 0.9 percent and United Overseas Bank Ltd UOBH.SI fell 1 percent.
The Thai SET Index .SETI fell 0.6 percent weighed down by financials, after rising slightly in early trade. CP All Public Company Ltd CPALL.BK and Siam Commercial Bank SCB.BK lost more than 2 percent each.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS slipped 0.2 percent, resuming the recent
downtrend. The index has risen only one day in the last three weeks and on Tuesday it hit an eight-week low.
SOUTHEAST ASIAN STOCK MARKETS
Market Current previous close Pct Move
Singapore 2732.87 2741.15 -0.30
Bangkok 1382.41 1390.13 -0.56
Manila 7396.52 7174.88 3.09
Jakarta 4799.964 4763.115 0.77
Kuala Lumpur 1644.58 1635.84 0.53
Ho Chi Minh 614.06 605.05 1.49