ASEAN KEY DESTINATIONS
06 May 2015
The Straits Times Index (STI) ended 11.4 points or 0.33% lower to 3459.79, taking the year-to-date performance to +2.81%.
The top active stocks today were JMH USD, which declined 0.05%, DBS, which gained 0.73%, SingTel, which gained closed unchanged, Noble, which declined 3.37% and UOB, with a 0.16% fall.
The FTSE ST Mid Cap Index declined 0.10%, while the FTSE ST Small Cap Index declined 0.14%.
The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 3.31%. The two biggest stocks of the Index - United Envirotech and Hyflux – ended 0.84% lower and 0.54% lower respectively.
The underperforming sector was the FTSE ST Consumer Services Index, which slipped 0.95%. Jardine Cycle & Carriage shares declined 0.66% and Genting Singapore declined 0.50%.
The three most active Exchange Traded Funds (ETFs) by value today were:
United SSE 50 China ETF (-1.67%)
SPDR Gold Shares (+0.35%)
STI ETF (-0.29%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Ascendas REIT (unchanged)
CapitaMall Trust (-0.92%)
CapitaCom Trust (-0.59%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
DBS MB eCW151001 (+7.83%)
KepCorp MBeCW150901 (+6.90%)
UOB MB eCW151002 (+3.31%)
Singapore Stock Market
*ST Index 3,439.77 -20.02 3,459.79 -11.4
Volume: 485.7M 1,311.4M
Value: $365M $1,232.7M
Gainers/Losers: 99/217 175/258
Daily Market Commentary (Securities)
06 May 2015
The FBM KLCI index lost 6.45 points or 0.35% on Wednesday. The Finance Index fell 0.30% to 16096.73 points, the Properties Index dropped 0.11% to 1322.26 points and the Plantation Index down 0.62% to 7539.12 points. The market traded within a range of 11.20 points between an intra-day high of 1824.21 and a low of 1813.01 during the session.
Actively traded stocks include RA, VSOLAR, SCN, KANGER, KNM, BIOHLDG, KANGER-WA, PERWAJA, SUMATEC and KINSTEL. Trading volume increased to 1920.47 mil shares worth RM1795.59 mil as compared to Tuesday’s 1821.49 mil shares worth RM1934.23 mil.
Leading Movers were SKPETRO (+7 sen to RM2.81), CIMB (+6 sen to RM5.95), GENTING (+8 sen to RM9.08), BAT (+56 sen to RM67.08) and PETDAG (+18 sen to RM21.58). Lagging Movers were MISC (-27 sen to RM8.62), PETCHEM (-17 sen to RM5.83), KLK (-40 sen to RM22.00), RHBCAP (-13 sen to RM7.77) and AXIATA (-5 sen to RM6.75). Market breadth was negative with 353 gainers as compared to 454 losers.
The KLCI closed 6.45 points lower at 1820.97 amid overnight losses in US markets after US trade deficit ballooned in March, signaling the economy may have contracted in the first quarter. The performance of our local bourse was in line with regional peers.
Date As of: Wednesday, May 06, 2015
Description Volume Value Frequency
ETF 17,400 9,150,400 06
Stock 5,446,547,867 6,680,989,843,352 219,291
Warrant 5,670,500 178,087,300 276
Total 5,452,235,767 6,681,177,081,052 219,573
Thai bourse to list Salee Printing on May 7
BANGKOK, May 6, 2015 -The Stock Exchange of Thailand (SET) will list Salee Printing pcl, a label and high-quality printing manufacturer, on May 7, under the ticker symbol "SLP". The company has a market capitalization at its initial
public offering (IPO) of THB 2.59 billion (approx. USD 78.55 million).
SET Executive Vice President Santi Kiranand said that SLP, was a subsidiary of Salee Industrial pcl (SALEE), would list in the Industrials industry, Packaging sector on SET. Engaged in production of labeling and high-quality printing, mainly in three categories: self adhesive label, in-mould label, and offset printing, its main customers were in health and beauty segment.
SALEE has a paid-up registered capital of THB 300 million, consisting of 900 million existing common shares and 300 million newly issued shares, with a par value of THB 0.25 each. It offered 420 million shares: 126.71 million shares to SALEE's shareholders during April 20-22 and 293.29 million shares to the general public via IPO during April 23-24 and 27, at THB 2.16 each. Country Group Securities pcl was its financial advisor and underwriter.
SLP Managing Director Sawet Narathipakorn said that this listing would enhance the company's image and strengthen financial capabilities. The fund raised would be used for factory and warehouse construction, debt repayment and working capital in order to develop business for sustainable growth.
SLP's three major shareholders after IPO are SALEE (65 percent), VIV Interchem Co., Ltd. (2.66 percent) and Asawakarn group (0.96 percent). The IPO price was set by a book building process, equivalent to price per earnings ratio (P/E ratio) of 27.00 times. SLP's P/E ratio was calculated by using the company's net profit in the past four quarters (Q1 2014 - Q4 2014) divided by fully diluted shares, representing earnings per share of THB 0.08. SLP's dividend policy is to pay no less than 30 percent of net profits after taxes and reserves.
As of 6 May 2015 Unit: M.Baht Unit: M.Bah
Type Buy Sell Net
Institution 3,045.85 4,475.65 -1,429.80
Proprietary 4,363.30 4,664.56 -301.26
Foreign 4,100.15 14,167.30 -67.15
Individual 19,372.19 17,573.98 1,798.21
Total Trading Value 40,881.49 M.Baht
Vietnam index dips 0.6 pct; all bank stocks decline
HANOI, May 6 (Reuters) - Vietnam's benchmark VN Index ended down 0.61 percent on Wednesday led by banking stocks, following mounting pressure on the Vietnamese dong in recent days.
Shares lost ground in all of the six banks listed on the Ho Chi Minh Stock Exchange, namely Vietcombank , VietinBank , BIDV , Eximbank , Military Bank and Sacombank.
However, the fall in the benchmark index was trimmed by gains in Petrovietnam Gas, the country's largest company by market value, which ended up 1.59 percent.
The Vietnamese dong fell to 21,653 dong per dollar on Wednesday, down 0.48 percent since April 27, the last trading day before all markets in Vietnam were closed for a long holiday.
Vietnam's trade deficit reached an estimated $3 billion in the first four months of 2015, against a surplus of $2 billion in the same time last year, based on government data released on April 24.
Several state-run media reports said this week that the recent dong falls may prompt the State Bank of Vietnam to lower the official dollar/dong rate, while the central bank has a small room to move after its 1-percent depreciation in January.
The central bank has said it will keep the dong depreciation at less than 2 percent for the whole of 2015.
Here is a snapshot of the VN Index at the close
VN Index 549.3
PREV. CLOSE 552.65
% CHANGE -0.61%
SE Asia Stocks - Indonesia rebounds to one-week high; others fall
Southeast Asian stock markets mostly fell on Wednesday as a selloff in government bonds globally dented sentiment but the Indonesian benchmark rebounded amid selective buying in banking shares and after the government's plan to revive growth.
Jakarta's composite index closed up 0.5 percent at 5,184.95, the highest finish since April 28, erasing early losses.
Indonesia will take coordinated action to revive growth after the worst slowdown since 2009, pledging on Wednesday to speed up government spending and prepare a mix of monetary policy changes.
Foreign investors were net buyers in shares of Bank Negara Indonesia , which rose 0.8 percent, and Bank Mandiri <BMRI.JK> which gained 1.6 percent.
Bangkok's SET index shed 0.5 percent, but shares of electronic components exporters such as Delta Electronics Thailand and Hana Microelectronics rallied as a weaker Thai baht bolstered the outlook for earnings.
Singapore , Malaysia , the Philippines and Vietnam all drifted lower in line with broader Asia as investors were spooked by a vicious selloff
in sovereign bonds globally.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3459.79 3471.19 -0.33
Kuala Lumpur 1820.97 1827.42 -0.35
Bangkok 1519.88 1526.74 -0.45
Jakarta 5184.95 5160.31 +0.48
Manila 7873.64 7919.21 -0.58
Ho Chi Minh 549.30 552.65 -0.61