ASEAN KEY DESTINATIONS
07 May 2015
The Straits Times Index (STI) ended 27.01 points or 0.78% lower to 3432.78, taking the year-to-date performance to +2.01%.
The top active stocks today were Singtel, which declined 0.92%, UOB, which declined 0.70%, DBS, which gained closed unchanged, CapitaLand, which declined 4.26% and OCBC Bank, with a 0.95% fall.
The FTSE ST Mid Cap Index declined 0.95%, while the FTSE ST Small Cap Index declined 1.41%.
The outperforming sectors today were represented by the FTSE ST Consumer Services Index, which rose 0.02%. The two biggest stocks of the Index - Jardine Cycle & Carriage and Genting Singapore – ended unchanged and 0.50% higher respectively.
The underperforming sector was the FTSE ST Utilities Index, which slipped 3.30%. United Envirotech shares declined 1.12% and Hyflux declined 2.70%.
The three most active Exchange Traded Funds (ETFs) by value today were:
DBXT CSI300 ETF (-2.33%)
SPDR Gold Shares (-0.88%)
STI ETF (-1.14%)
The three most active Real Estate Investment Trusts (REITs) by value were:
CapitaCom Trust (-2.08%)
CapitaMall Trust (-0.93%)
Ascendas REIT (unchanged)
The most active index warrants by value today were:
The most active stock warrants by value today were:
DBS MB eCW151001 (-2.42%)
KepCorp MBeCW150901 (-5.38%)
UOB MB eCW151002 (-7.05%)
Singapore Stock Market
*ST Index 3,432.78 -27.01 3,459.79 -11.4
Volume: 1,451.1M 1,311.4M
Value: $1,113M $1,232.7M
Gainers/Losers: 111/349 175/258
Daily Market Commentary (Securities)
07 May 2015
The FBM KLCI index lost 15.87 points or 0.87% on Thursday. The Finance Index fell 0.59% to 16001.35 points, the Properties Index dropped 0.59% to 1314.42 points and the Plantation Index down 0.15% to 7528.15 points. The market traded within a range of 13.69 points between an intra-day high of 1818.79 and a low of 1805.10 during the session.
Actively traded stocks include FRONTKN, KANGER-WA, KANGER, VSOLAR, PERWAJA, KINSTEL, BIOHLDG, HUBLINE, CONNECT and RA. Trading volume decreased to 1556.63 mil shares worth RM1971.31 mil as compared to Wednesday’s 1920.47 mil shares worth RM1795.59 mil.
Leading Movers were PETGAS (+14 sen to RM22.88), RHBCAP (+3 sen to RM7.80), PETCHEM (+2 sen to RM5.85), KLK (+6 sen to RM22.06) and FGV (+0 sen to RM2.09). Lagging Movers were HLFG (-48 sen to RM16.26), PPB (-44 sen to RM15.16), GENM (-9 sen to RM4.32), SIME (-18 sen to RM8.94) and GENTING (-16 sen to RM8.92). Market breadth was negative with 319 gainers as compared to 437 losers.
The KLCI closed 15.87 points lower at 1805.10 following overnight losses in US markets after Federal Reserves’ chair Janet Yellen said that she sees potential danger in the rich valuations for both bonds and stock. Investors’ sentiments remain cautious ahead of the release of US employment reports on Friday to gauge the strength of US economy.
Date As of: 07 May 2015
Description Volume Value Frequency
ETF 17,500 12,412,400 15
Stock 7,175,482,944 6,205,916,590,754 247,283
Right 1,000 70,900 10
Warrant 7,920,245 248,537,400 1,324
Total 7,183,421,689 6,206,177,611,454 248,632
Thai alternative bourse to list TV Thunder on May 8
BANGKOK, May 7, 2015 - Market for Alternative Investment (mai), under The Stock Exchange of Thailand (SET) group, will list TV Thunder pcl, an entertainment content provider for television programs on May 8, under the ticker symbol "TVT". The company has a market capitalization at its initial public offering (IPO) of THB 1.6 billion (approx. USD 48.5 million).
mai President Prapan Charoenprawatt said that TVT would list in the Services industry on mai. The company and its subsidiaries produced television contents covering variety shows, game shows, comedies and documentaries for leading television channels. Among these varieties of production, seven shows were currently on air, for example "Master Key", "Luangta Mahachon", "Family Fighting" and "Take Me Out Thailand". In addition, TVT's services included event organizing, artist management as well as pocket books publishing and distribution for social responsibility projects.
TVT has a paid-up registered capital of THB 200 million, consisting of 600 million existing common shares and 200 million newly issued shares, with a par value of THB 0.25 each. The company offered 200 million newly issued shares to the general public via IPO during April 27-29 at THB 2.00 each, for a total of THB 400 million. Asset Pro Management Co., Ltd. was its financial advisor, while Finansia Syrus Securities pcl was its underwriter.
TVT Chief Executive Officer Patraporn Wannapinyo said that TVT's vision was to be a leading quality content provider with international acceptance. Being listed on mai would enhance the company's financial strength. The fund raised would be used for TV production expansion, investment in TV production equipments and working capital. Presently having two production studios, three new studios were under construction to expand business amid digital TV channels growth in Thailand.
TVT's three major shareholders after the IPO are Wannapinyo's Group (75.00 percent), Thuntimet Group (1.01 percent) and Ms. Bongkoch Nimsomboon (0.38 percent). The IPO price was equivalent to price per earnings ratio (P/E ratio) of 46.88 times, calculated by using the company's net profit in the past 12 months (1 Jan - 31 Dec 2014) of THB 34.13 million divided by fully diluted shares, representing earnings per share of THB 0.04. TVT's dividend policy is to pay no less than 40 percent of net profits after taxes and reserves.
As of 7 May 2015 Unit: M.Baht Unit: M.Bah
Type Buy Sell Net
Institution 4,720.02 3,445.34 1,274.68
Proprietary 5,241.15 6,142.27 -901.12
Foreign 12,012.15 2,043.91 -31.75
Individual 23,985.27 24,327.08 -341.81
Total Trading Value 45,958.60 M.Baht
Vietnam index ends up 0.7 pct, volume drops
Vietnam's benchmark VN Index ended 0.67 percent up on Thursday, reversing a fall in the previous session, with gains in most banking shares after the
central bank allowed the dong to depreciate 1 percent.
Shares in four of the six listed banks on the Ho Chi Minh Stock Exchange headed north, led by BIDV with a 3.37-percent advance, while Vietcombank , VietinBank and Eximbank made gains of 1.3 percent to 3.28 percent.
Sacombank and Military Bank closed unchanged. All six banks were in the negative on Wednesday.
A total of 70.11 million shares changed hands, well below the five-day average of 90.16 million shares, as most investors were still awaiting the impact of the central bank's move on the market.
Here is a snapshot of the VN Index at the close
VN Index 552.98
PREV. CLOSE 549.3
% CHANGE 0.67%
SE Asia Stocks-Most fall; Thai index slips below key 1,500 level
Thai stock index hit a near six-week low on strong trading volume on Thursday as investors booked quick gains after consumer confidence fell further in April, while most other markets in Southeast Asia extended slides amid fund outflows.
Thai benchmark SET index was down 1.4 percent at 1,498.31, the lowest close since March 30. About 14 million shares changed hands, 1.3 times of a full-day average over the past 30 trading days.
Top losers included shares of refiner Thai Oil , which dropped 6 percent after two straight days of gains and electronic component exporter Hana Microelectronics lost about 5 percent, erasing Wednesday's 4.5 percent gain.
Thai consumer confidence slipped for a fourth straight month in April, a university survey showed on Thursday, as low commodity prices and worries over the sputtering economy hurt spending.
Malaysia hit the lowest since March 23, with foreign investors selling a net 147 million ringgit ($41 million).
Indonesia reversed from Wednesday's more than one-week high, with a net outflows of 351 billion rupiah ($26.7 million).
Credit Suisse remained bullish on Indonesia's infrastructure spending and also recommended "overweight" on telecom companies, citing less exposure to government policies. Shares of Pembangunan Perumahan , among its picks, jumped 3.5 percent.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3432.78 3459.79 -0.78
Kuala Lumpur 1805.10 1820.97 -0.87
Bangkok 1498.31 1519.88 -1.42
Jakarta 5150.49 5184.95 -0.66
Manila 7816.27 7873.64 -0.73
Ho Chi Minh 552.98 549.30 +0.67