ASEAN KEY DESTINATIONS
21 May 2014
The Straits Times Index (STI) ended -3.69 points lower or -0.11% to 3261.78, taking the year-to-date performance to +3.06%.
The FTSE ST Mid Cap Index gained +0.29% and the FTSE ST Small Cap Index increased +0.17%. The top active stocks were Singtel (-0.26%), DBS (+0.95%), RH PetroGas (-7.02%), Olam International (unchanged) and Wilmar International (-0.31%).
The outperforming sectors today were represented by the FTSE ST Health Care Index (+1.73%). The two biggest stocks of the FTSE ST Health Care Index are Raffles Medical Group (-0.56%) and Biosensors International Group (+4.08%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -1.10% with Midas Holdings’ share price declining -1.12% and Geo Energy Resources’ share price remaining unchanged. The FTSE ST Telecommunications Index declined -0.25% while the FTSE Oil and Gas Index gained +0.35%.
The three most active Exchange Traded Funds (ETFs) by value today were IS MSCI India (+0.71%), DBXT FTSE Vietnam ETF (+0.04%), SPDR STI ETF (unchanged).
The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (-0.56%), Ascendas REIT (+2.11%), CapitaMall Trust (+0.49%).
The most active index warrants by value today were HSI22800MBeCW140730 (unchanged), HSI22200MBePW140627 (-9.64%), HSI22600MBePW140627 (-6.42%).
The most active stock warrants by value today were DBS MB eCW140901 (+4.24%), KepCorp MBeCW141201 (+3.10%), UOB MB eCW140901 (-8.76%).
*Please note that the Oil & Gas and Telecommunications sectors will be the focus of SGX My Gateway Educational events in 2Q14.
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Singapore Stock Market
*ST Index 3,261.78 -3.69 3,265.47 +3.04
Volume: 1,175.6M 1,339.7M
Value: $977.2M $998.5M
Gainers/Losers: 197/200 210/218
Daily Market Commentary (Securities)
21 May 2014
The FBM KLCI index lost 4.13 points or 0.22% on Wednesday. The Finance Index fell 0.34% to 17045.01 points, the Properties Index dropped 0.15% to 1402.49 points and the Plantation Index down 0.13% to 9318.19 points. The market traded within a range of 8.13 points between an intra-day high of 1882.27 and a low of 1874.14 during the session.
Actively traded stocks include UTOPIA, MAS, SONA-WA, PDZ, BIOSIS, YTL, ETITECH, SONA, SKPRES and IRETEX-LR. Trading volume decreased to 1878.01 mil shares worth RM1951.11 mil as compared to Tuesday’s 2036.22 mil shares worth RM2043.35 mil.
Leading Movers were YTL (+7 sen to RM1.77), GENTING (+5 sen to RM9.81), PETGAS (+14 sen to RM24.18), DIGI (+2 sen to RM5.37) and ASTRO (+3 sen to RM3.41). Lagging Movers were PETDAG (-108 sen to RM23.70), MAYBANK (-7 sen to RM9.90), PBBANK (-10 sen to RM19.76), TENAGA (-8 sen to RM12.20) and SIME (-4 sen to RM9.65). Market breadth was negative with 293 gainers as compared to 502 losers.
The FBM KLCI extended yesterday’s losses to end 4.13 points lower at 1877.03, tracking the overnight losses in Wall Street. The downtrend in our benchmark index was dragged down by losses in Petronas Dagangan and banking stocks such as Maybank, CIMB and Public Bank.
Date As of: 21 May 2014
Description Volume Value Frequency
ETF 3,500 2,852,700 35
Stock 4,914,295,411 5,811,154,113,713 211,415
Warrant 204,937,700 2,389,046,400 631
Total 5,119,236,611 5,813,546,012,813 212,081
Thai alternative bourse’s listed firms report 11.93% sales increase in Q1
- Combined sales up 11.93 pct to THB 28.5 bln
- Rising operation costs led to decline in overall net profits
- EA, CRANE, AIE, BROOK and UEC post largest net profits
BANGKOK, May 21, 2014 – In the first quarter of 2014, companies listed on Market for Alternative Investment (mai), under the Stock Exchange of Thailand (SET) group, reported combined sales of THB 28.5 bln (approx. USD 877 mln), an 11.93 percent increase from a year ago while aggregate net profits declined as a result of rising operating costs.
mai President Prapan Charoenprawatt said that there were 95 out of 97 mai-listed companies completed the filing of their earnings reports as of March 31, 2014 (one firm has not submitted while the other’s due date is coming up). Out of these, 69 companies or 71 percent recorded a net profit, with 36 firms registered a year-on-year increase in their net profits. All companies that have filed the reports registered total sales of THB 28.5 bln (approx. USD 877 mln), up 11.93 percent from the same period last year, while their cost of sales also increased 15.07 percent – a comparatively high rise. Accordingly, their combined gross profit margin decreased to 20.32 percent. With a 14.31 percent rise in operating costs, mai-listed firms’ aggregate net profits declined to THB 1.43 bln (approx. USD44.2 mln) from THB 1.89 bln (approx. USD58.4 mln) recorded a year earlier.
“The economic slowdown in Thailand has hit combined net profits of mai-listed companies of all business sectors from Financials to Industrials and Services, which in particular have been affected considerably by delays in spending and investment. To be classified by industry starting from 2015, the Financials industry group suffered falling sales, while the remaining seven industry groups enjoyed higher sales in this first quarter. However, in general, the cost of sales and the operating costs of listed companies have gone up at a higher rate than the increase in their sales, resulting in smaller net profits. Meanwhile, the Resources and Consumption industry group were the only two groups that could maintain the net profit growth,” said Prapan.
Across the market, five companies with the largest net profit in Q1/2014 are Energy Absolute plc (EA) with net profit of THB 460 mln , Chu Kai plc (CRANE) THB 157 mln , AI energy plc (AIE) THB 85 mln, The Brooker Group plc (BROOK) THB 73 mln and Unimit Engineering plc (UEC) THB 58 mln, respectively. mai firms that can manage to maintain their net profit growth in the first three months are those that carried out adjustments in their business strategies, those that could control cost and those actually realized the real revenue gain resulted from their recent investment plans.
As of May 19, 2014, the total of 97 companies have been listed on mai. The mai index closed at 417.38 points, up 16.98 percent since the beginning of the year, with a total market capitalization of THB 186.4 bln (approx. USD 5.73 bln) and average daily trading value of THB 1.46 bln (approx. USD 45 mln).
As of 21 May 2014 Unit: M.Baht
Type Buy Sell Net
Institution 4,865.65 4,310.58 555.07
Proprietary 3,609.63 3,431.26 178.38
Foreign 6,135.65 9,197.34 -3,061.69
Individual 19,509.51 17,181.26 2,328.25
Total Trading Value 34,120.44 M.Baht
Vietnam index ends at 2-wk high on domestic buying
Vietnam's benchmark VN Index climbed 1.18 percent to end at the highest level in two weeks on Wednesday as recent gains attracted investors while
caution over an ongoing tension with China eased, analysts said.
The index ended at 543.88 points, lifted by advances in more than 70 percent of shares on the Ho Chi Minh Stock Exchange, Reuters data showed. It has risen a combined 3.8 percent after four gains.
"It is hard to resist from such gains over the past days," said analyst Vu Duy Khanh of Navibank Securities.
Domestic investors have increased purchases, picking up mid-cap and penny stocks, analysts said. But foreigners turned to net sellers on Wednesday after being net buyers for 20 straight sessions, the exchange's data showed.
"They have collected enough cheap shares after the index fell on the dispute with China," Khanh added.
Refrigeration Electrical Engineering Corp was among the outperformers, with shares jumping 6.72 percent to end at 25,400 dong ($1.2) each, the highest close since May 7.
PetroVietNam Gas, Vietnam's biggest listed firm, rose 1.67 percent higher, and dairy product maker Vinamilk advanced 1.63 percent.
Here is a snapshot of the VN Index at the close
VN Index 543.88
PREV. CLOSE 537.52
% CHANGE 1.18%
SE Asia Stocks - Mixed; Thai index up on calm after martial law
Thai shares recovered on Wednesday as the capital Bangkok remained calm, a day after the army declared martial law to restore order following prolonged anti-government protests, while other Southeast Asia markets mostly fell tracking Wall Street.
Thailand's SET index closed 0.6 percent firmer, led by energy shares, after having fallen more than 1.1 percent in the previous session.
Analysts said the lack of violence aided sentiment, though the market had been watching the meeting between rival parties arranged by the army with caution and the index may move sideways until the crisis is resolved, she added.
Thailand's army chief will meet leaders of rival political groups and parties, Election Commission members and senators later on Wednesday to discuss a way out of the country's political crisis, an army spokesman said.
Foreign investors sold a net 3.06 billion baht ($94.05 million) worth of shares, a day after the highest foreign outflow recorded in six months. They have sold a net $351.05 million worth of shares since the army declared martial law on Tuesday.
Retail investors and domestic institutions were on the buying side, acquiring 2.3 billion baht and 555 million baht worth of shares respectively, stock exchange data showed.
Indonesia , recouping its early losses, ended 0.3 percent firmer, while Vietnam ended at a two-week high as recent gains attracted investors.
Other Southeast Asian markets declined after U.S. stocks fell in a broad selloff on Tuesday. The Philippines closed 1.8 percent down to a two-week closing low, Singapore and Malaysia slipped 0.1 percent and 0.2 percent respectively.
Malaysia witnessed $30.75 million of foreign inflows, while Manila saw a net $30.94 million worth of foreign buying in shares.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 422.00 421.66 +0.08
Singapore 3261.78 3265.47 -0.11
Kuala Lumpur 1877.03 1881.16 -0.22
Bangkok 1402.92 1394.69 +0.59
Jakarta 4910.29 4895.96 +0.29
Manila 6762.38 6882.73 -1.75
Ho Chi Minh 543.88 537.52 +1.18