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Singapore

24 May 2016

The Straits Times Index (STI) ended 16.7 points or 0.6% lower to 2750.23, taking the year-to-date performance to -4.60%.

The top active stocks today were Global Logistic, which declined 1.39%, SingTel, which declined 1.55%, DBS, which declined 0.33%, Ascendas REIT, which declined 0.86% and OCBC Bank, with a 0.94% fall.

The FTSE ST Mid Cap Index declined 0.33%, while the FTSE ST Small Cap Index declined 0.36%.

The outperforming sectors today were represented by the FTSE ST Consumer Goods Index, which rose 0.68%. The two biggest stocks of the Index - Wilmar International and Thai Beverage – ended 1.21% lower and 3.49% higher respectively.

The underperforming sector was the FTSE ST Technology Index, which slipped 3.60%. Silverlake Axis shares declined 4.67% and CSE Global increased 7.14%.

The three most active Exchange Traded Funds (ETFs) by value today were:

STI ETF (-0.36%)

SPDR Gold Shares (-0.59%)

DBXT MSCI Thailand TRN ETF 10 (-0.45%)

The three most active Real Estate Investment Trusts (REITs) by value were:

Ascendas REIT (-0.86%)

Capitamall Trust (-0.97%)

Capitacom Trust (+0.73%)

The most active index warrants by value today were:

HSI20200MBeCW160629A (unchanged)

HSI20400UBeCW160929 (-2.63%)

HSI21200UBeCW160929 (unchanged)

The most active stock warrants by value today were:

DBS MB eCW160711 (-4.49%)

SingTel MB eCW161114 (-3.33%)

UOB MB eCW160705 (-2.94%)
    
 Singapore Stock Market
                                 Tuesday                      Monday
*ST Index          2,750.23  -16.7      2,766.93  +3.11
Volume:                   966.2M                  1,022.8M
Value:                    $726.7M                   $690.2M
Gainers/Losers:      120/235                     197/193


Malaysia

Daily Market Commentary (Securities)
24 May 2016

The FBM KLCI index lost 9.05 points or 0.55% on Tuesday. The Finance Index fell 0.72% to 14188.08 points, the Properties Index dropped 0.59% to 1148.4 points and the Plantation Index down 0.87% to 7453.47 points. The market traded within a range of 5.95 points between an intra-day high of 1631.76 and a low of 1625.81 during the session.

Actively traded stocks include AAX-WA, AAX, XOX-WA, XOX, VSOLAR, VIVOCOM, EKA, TIGER, ARMANDA and VIVOCOM-WB. Trading volume decreased to 1723.77 mil shares worth RM1777.54 mil as compared to Monday’s 1738.76 mil shares worth RM1384.15 mil.

Leading Movers were UMW (+25 sen to RM5.40), MAYBANK (+16 sen to RM8.31), SKPETRO (+3 sen to RM1.59), GENM (+8 sen to RM4.25) and CIMB (+6 sen to RM4.32). Lagging Movers were PPB (-32 sen to RM16.12), HLBANK (-20 sen to RM13.40), WPRTS (-3 sen to RM4.28), KLCC (-5 sen to RM7.30) and DIGI (-2 sen to RM4.47). Market breadth was negative with 327 gainers as compared to 456 losers.

The KLCI closed lower at 1625.84 points amid overnight losses in US market. Market sentiment was muted as investors remained cautious before clarity on the timing of the next potential rate increase from Federal Reserve.

Indonesia

Trade Summary
Date As of:     24 May 2016     
Description           Volume                             Value    Frequency
ETF                          4,700                      2,173,800                  03
Stock        4,585,919,201       4,255,474,262,229        218,557
Right              67,023,100                  380,347,625               468
Warrant          26,822,900                  426,333,200               984
Total          4,679,769,901       4,256,283,116,854       220,012


Thailand

Thai alternative bourse's forum showcases listed firms as SMEs role model


BANGKOK, May 24, 2016 -Market for Alternative Investment (mai) jointly with mai Listed Company Association (maiA), and The Siam Commercial Bank (SCB) will hold "mai FORUM 2016" on July 1, 2016 in Bangkok, a big event where more than 100 mai-listed companies together with their shareholders and investors can meet
directly, highlighting mai's role as an alternative fund-raising source for entrepreneurs. In tandem with Thai government's policy, this event facilitates small and medium-sized enterprises (SMEs) to learn how to grow their business from successful mai-listed firms.

mai President Prapan Charoenprawatt stated that to showcase the attractiveness of mai-listed firms, this year's forum which has been held for the third year in a row would highlight investment booths from 100 mai-listed firms. In addition, there would be seminars on economics, investment strategy, capital market benefits, among others, with the launch of "IPO Case Study," a case study handbook providing guidance how to be listed on mai, in order to strengthen
mai-listed firms' capabilities and quality towards sustainability.

maiA President Sumeth Lersumitrkul said that this event has underlined maiA mission to promote growth, synergize capabilities and expand businesses among mai-listed firms. Under the "SME Role Model, opportunity platform for investors and SMEs with mai" concept, the event would be full of exhibitions and seminars joined by mai listed firms' executives to present their company strengths and effectiveness directly to investors and shareholders, and share their experience in growing family business via the capital market for SMEs. In additions, there would be a special seminar to get insights on government policy to support SMEs.

SCB First Executive Vice President Sarut Ruttanaporn said that SCB has always been fully equipped to support Thai businesses to drive the Thai economy. One of the ways we do this was by sponsoring this mai forum for three consecutive years to strengthen and support SMEs' business growth through financial supports, consultation, seminar, ect.

The mai FORUM 2016 will be held on July 1, 2016, from 11 a.m. 6 p.m. at Centara  Grand at CentralWorld Hotel in downtown Bangkok. For more information, please
visit www.set.or.th.

##################

Thai alternative bourse's forum showcases listed firms as SMEs role model

BANGKOK, May 24, 2016 -Market for Alternative Investment (mai) jointly with mai Listed Company Association (maiA), and The Siam Commercial Bank (SCB) will hold "mai FORUM 2016" on July 1, 2016 in Bangkok, a big event where more than 100 mai-listed companies together with their shareholders and investors can meet
directly, highlighting mai's role as an alternative fund-raising source for entrepreneurs. In tandem with Thai government's policy, this event facilitates small and medium-sized enterprises (SMEs) to learn how to grow their business from successful mai-listed firms.

mai President Prapan Charoenprawatt stated that to showcase the attractiveness of mai-listed firms, this year's forum which has been held for the third year in a row would highlight investment booths from 100 mai-listed firms. In addition, there would be seminars on economics, investment strategy, capital market benefits, among others, with the launch of "IPO Case Study," a case study handbook providing guidance how to be listed on mai, in order to strengthen
mai-listed firms' capabilities and quality towards sustainability.

maiA President Sumeth Lersumitrkul said that this event has underlined maiA mission to promote growth, synergize capabilities and expand businesses among mai-listed firms. Under the "SME Role Model, opportunity platform for investors and SMEs with mai" concept, the event would be full of exhibitions and seminars joined by mai listed firms' executives to present their company strengths and effectiveness directly to investors and shareholders, and share their experience in growing family business via the capital market for SMEs. In additions, there would be a special seminar to get insights on government policy to support SMEs.

SCB First Executive Vice President Sarut Ruttanaporn said that SCB has always been fully equipped to support Thai businesses to drive the Thai economy. One of the ways we do this was by sponsoring this mai forum for three consecutive years to strengthen and support SMEs' business growth through financial supports, consultation, seminar, ect.

The mai FORUM 2016 will be held on July 1, 2016, from 11 a.m. 6 p.m. at Centara Grand at CentralWorld Hotel in downtown Bangkok. For more information, please visit www.set.or.th.

Trading Summary

As of 24 May 2016  Unit: M.Baht  
    
Type                          Buy                 Sell              Net
Institution           3,069.75       3,889.52      -819.78
Proprietary         3,843.24        3,320.88       522.36
Foreign              8,883.31         9,257.56     -374.25
Individual       18,293.07        17,621.40      671.66
Total Trading Value                34,089.37 M.Baht


Vietnam

Vietnam index ends up 0.1 pct in volatile trade                                             


Vietnam's benchmark VN Index  .VNI  edged up 0.1 percent in a volatile session on Tuesday, snapping a four-day losing streak.
    
Food producer Masan Group  MSN.HM  rallied 2.16 percent, followed by lender VietinBank  CTG.HM  with a 1.17 percent rise while top dairy products maker Vinamilk  VNM.HM  dropped 0.68 percent.
    
As many as 115.6 million shares changed hands, well below the five-day average of 126.2 million, Reuters data showed.
    
Here is a snapshot of the VN Index  .VNI  at the close

            VN Index    611.62              
         PREV. CLOSE    611.03              
            % CHANGE     +0.1%              
                                            
                HIGH    613.14              
                 LOW    608.15              
                                            
Asean

SE Asia Stocks-Bearish on U.S. rate rise concerns, falling oil

 
Most Southeast Asian indexes closed flat to lower on Tuesday as investors turned bearish after U.S
policymakers flagged the possibility of a rate increase as early as June, while falling global oil prices also dampened
sentiment.
    
San Francisco Fed President John Williams on Monday forecast two or more rate hikes this year, adding the Fed would analyse another month's economic data before reaching a conclusion in its June meeting. 
    
Separately, St. Louis Federal Reserve President James Bullard said U.S. interest rates being kept too low for too long
could cause financial instability in future and stronger market expectations for a rate rise are "probably good".
    
"Concerns over the rate hike in June are causing weakness in the Asian markets. We, therefore, expect bearish markets until then," a trader from Singapore said.
    
"However, if the rate hike is pushed to the end of the year, we might see some pick-up in trading activities."
    
Singapore's Straits Times Index  .STI  closed lower, dragged down by oil and gas stocks, and financials.  
    
Offshore engineering firm Sembcorp Marine  SCMN.SI  closed 2.2 percent lower, while oil-rig firm Keppel Corp  KPLM.SI   finished down 1.3 percent.
    
Oil fell for a fifth consecutive day on Tuesday on rising production from major exporters, and as the dollar strengthened as investors continued to factor in the chances of a near-term U.S. interest rate rise.  
    
Indonesian stocks  .JKSE  fell for the first time in three sessions, weighed down by energy stocks.
    
Petroleum distributor AKR Corporindo Tbk PT  AKRA.JK  lost 2.4 percent.
    
Thailand  .SETI  closed up 0.2 percent, recovering from losses earlier in the day, pushed higher by finiancials and
telecom services.
    
Malaysia  .KLSE  fell, dragged down by financials and consumer cyclicals.
    
Malayan Banking Bhd  MBBM.KL  lost 1.9 percent, while CIMB Group  CIMB.KL  slipped 1.4 percent.
    
Philippine shares  .PSI  however closed higher as financial stocks gained. BDO Unibank  BDO.PS  finished up 0.5 percent.  
    
MSCI's broadest index of Asia-Pacific shares outside Japan  .MIAPJ0000PUS  fell 0.7 percent.
            
 SOUTHEAST ASIAN STOCK MARKETS
          
  STOCK MARKETS                                  
                     
  Market                  Current      previous  close  Pct Move
  Singapore            2752.39               2766.93         -0.53
  Bangkok             1384.26               1381.69          0.19
  Manila                7356.72               7306.69          0.68
  Jakarta              4710.785             4743.662         -0.69
  Kuala Lumpur   1625.84               1634.89          -0.55
  Ho Chi Minh        611.62                 611.03           0.10




 
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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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