ASEAN KEY DESTINATIONS
20 May 2015
The Straits Times Index (STI) ended 14.36 points or 0.42% lower to 3439.68, taking the year-to-date performance to +2.21%.
The top active stocks today were Singtel, which declined 1.62%, DBS, which declined 0.76%, CapitaLand, which gained 0.83%, Ezion, which declined 5.31% and Keppel Corp, with a 1.47% fall.
The FTSE ST Mid Cap Index gained 0.28%, while the FTSE ST Small Cap Index rose 0.18%.
The outperforming sectors today were represented by the FTSE ST Real Estate Holding and Development Index, which rose 0.94%. The two biggest stocks of the Index - Hongkong Land Holdings and Global Logistic Properties – ended 1.46% and 0.37% higher respectively.
The underperforming sector was the FTSE ST Telecommunications Index, which slipped 1.70%. Singtel shares declined 1.62% and StarHub declined 2.13%.
The three most active Exchange Traded Funds (ETFs) by value today were:
SPDR Gold Shares (-1.08%)
IS MSCI India (+0.67%)
Lyxor Asia 10 (+0.19%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Ascendas REIT (+0.80%)
CapitaLand Mall Trust (unchanged)
Suntec REIT (+1.40%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
DBS MB eCW151001 (-4.92%)
Singapore Stock Market
*ST Index 3,439.68 -14.36 3,454.04 -5.53
Volume: 1,573.5M 1,787.8M
Value: $1,057.5M $972.8M
Gainers/Losers: 175/233 253/203
Daily Market Commentary (Securities)
20 May 2015
The FBM KLCI index gained 0.39 points or 0.02% on Wednesday. The Finance Index increased 0.03% to 16132.13 points, the Properties Index dropped 0.12% to 1305.17 points and the Plantation Index down 0.07% to 7519.96 points. The market traded within a range of 4.64 points between an intra-day high of 1812.59 and a low of 1807.95 during the session.
Actively traded stocks include MALAKOF, AAX-OR, KANGER, NEXGRAM, CAP, CAP-WA, FRONTKN, RGB, UNISEM-WA and DAYA. Trading volume decreased to 1921.92 mil shares worth RM1941.52 mil as compared to Tuesday’s 2093.36 mil shares worth RM1996.65 mil.
Leading Movers were TM (+19 sen to RM7.60), UMW (+18 sen to RM10.82), KLK (+34 sen to RM22.40), PPB (+16 sen to RM15.76) and YTL (+1 sen to RM1.67). Lagging Movers were HLFG (-42 sen to RM16.32), SKPETRO (-6 sen to RM2.65), PETCHEM (-8 sen to RM6.21), DIGI (-5 sen to RM5.95) and GENTING (-7 sen to RM8.88). Market breadth was negative with 341 gainers as compared to 413 losers.
The KLCI moved sideways after gaining a marginal 0.39 points to 1810.11 points. Sentiment was muted amid absence of fresh market leads despite Dow Jones extending its record high overnight.
Date As of: 20 May 2015
Description Volume Value Frequency
Total 5,779,434,679 6,213,303,275,274 259,023
ETF 291,700 33,026,600 21
Stock 5,764,749,279 6,212,902,910,774 258,278
Warrant 14,393,700 367,337,900 724
Thai bourse's listed firms report THB 227 bln in net profits in Q1/2015
- Combined net profit increased 1.89 pct y-o-y to THB 226.86 bln
- Falling oil prices dragged total sales down 10.83 pct y-o-y to THB 2.51 trillion
- Gross profit margins increased to 22.01 pct
- Transportation & Logistics, Banking, Commerce, Finance & Securities, Property Development were top five best profit-making sectors
BANGKOK, May 20, 2015 - Companies listed on The Stock Exchange of Thailand (SET) reported a combined net profit of THB 226.86 billion (approx. USD 6.87 billion) during the first quarter of 2015, up 1.89 percent from a year ago. The quarterly total sales decreased 10.83 percent from a year earlier to THB 2.51 trillion (approx. 76.18 bln), hit by a fall of world oil price.
SET Executive Vice President Santi Kiranand said that 499 SET-listed companies or 92.24 percent of the total 541 listed firms (excluding those in the non-compliance and non-performing groups) have reported their performance, ending March 31, 2015. Among these, 414 companies or 82.97 percent reported a net profit. The companies' gross profit margins increased to 22.01 percent from 19.07 percent during the same period of 2014, while their net profit margins increased to 9.02 percent from 7.90 percent.
Excluding companies in Energy & Utilities and Petrochemicals & Chemicals sectors affected by a sharp decrease of oil prices, aggregated sales of listed companies grew 1.32 percent from a year earlier.
"The slowing global economic growth and a decline of world oil prices during the first quarter mainly affected companies in energy and exports sectors, dragging the overall sales down from a year earlier. However, effective cost control helped boosting their gross profit margins, pushing net earnings up from a year ago. Having said that, the sectors that were still promising with strong growth in terms of sales and profitability were Transportation & Logistics, Banking, Commerce, Finance & Securities, Property Development. Their combined net profit represented 38.58 percent of total listed companies," Santi concluded.
By quarter, the first quarter's total sales of listed companies were down 11.23 percent compared to the previous quarter, while the combined net profit increased 232.15 percent, partly due to adjusted value of crude oil inventories of Energy & Utilities and Petrochemicals & Chemicals sectors. The debt-to-equity ratio (excluding those in Financials industry) maintained at 1.29 times.
SET "Towards the 5th Decade of Sustainable Wealth for Thais"
As of 20 May 2015 Unit: M.Baht Unit: M.Bah
Type Buy Sell Net
Institution 4,487.32 6,067.34 -1,580.02
Proprietary 4,602.68 4,486.19 116.49
Foreign 11,240.20 9,255.75 1,984.45
Individual 24,256.55 24,777.47 -520.92
Total Trading Value 44,586.76 M.Baht
Vietnam index jumps most in more than 4 months
Vietnam's benchmark VN Index closed 2.47 percent higher on Wednesday, its biggest rise since Jan. 9, with most shares surging on solid buying from both foreign and domestic investors.
More than two-thirds of the equities on the Ho Chi Minh Stock Exchange ticked up, led by a 4.1-percent gain in PetroVietNam Gas , Vietnam's top firm by market value, while dairy products maker Vinamilk rose 1.9 percent.
PetroVietNam Gas said it would pay 700 dong (3 U.S. cents) per share, or 7 percent of par value, as part of its 2014 dividend to shareholders.
Hanoi-based BIDV, the country's biggest partly-private lender by assets, rose 2.89 percent, while steel firm Hoa Phat Group <HPG.HM> jumped 6.8 percent, extending a rebound from its lowest close since January 2014 hit on Monday.
Analysts and traders said a rally was expected as Vietnamese shares could have been in the oversold zone in the past weeks, but Wednesday's jump was surprising given the lack of supportive news.
"I don't trust the stability of the market," said analyst Do Quang Hop of Saigon-Hanoi Securities. "Greed arises when stocks look too cheap after recent declines."
The VN Index hit a five-month closing low on Monday before rebounding on value-buying, including from foreign investors who bought a net 390 billion dong ($17.90 million) worth of shares on Tuesday, a nine-month high.
Foreigners extended their net buying on Wednesday to 263 billion dong, the data showed.
Five of the six listed banks excluding Eximbank gained, after a government report to the parliament said bad debts in the system eased to 3.59 percent of loans in February 2015, from 4.75 percent the previous month.
Here is a snapshot of the VN Index at the close
VN Index 550.10
PREV. CLOSE 536.82
% CHANGE +2.47
SE Asia Stocks-Indonesia at near 4-week high; Thai builders outperform
Indonesia's key stock index hit a near four-week closing high on Wednesday amid optimism about central bank measures to ease lending requirements while Thai construction shares gained after the government unveiled plans on key infrastructure projects.
Jakarta composite index rose 0.4 percent to 5,292.75, the highest close since April 24. Indonesia's central bank said on Tuesday it would support economic growth by loosening some lending requirements for banks.
Bank Rakyat Indonesia and conglomerate Astra International led among gainers.
The Thai SET index was down 0.4 percent as investors sold banking shares weighing in the impact of interest rate cuts on net interest margins.
Builders outperformed, including Ch Karnchang , after Transport Minister Prajin Juntong set a timeline on construction of key projects, including dual track trains worth 300 billion baht ($8.94 billion) which will start in the fourth quarter.
The region ended mixed in a rangebound trade as investors stayed on the sidelines ahead of the release of the minutes of the Federal Reserve's policy meet expected later in the day.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3439.68 3454.04 -0.42
Kuala Lumpur 1810.11 1809.72 +0.02
Bangkok 1520.11 1525.96 -0.38
Jakarta 5292.75 5269.37 +0.44
Manila 7881.93 7871.31 +0.13
Ho Chi Minh 550.10 536.82 +2.47