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ASEAN STOCK WATCH 5  November  2010

ASEAN Markets to Extend Gains

Shayne Heffernan

ASEAN Markets will surge today after a strong showing on Wall St Overnight. The rally lifted most sectors almost five stocks rose for every one that fell on the New York Stock Exchange.

In Kuala Lumpur the Bursa Malaysia rose 0.27% to close at 1511.74 points on continued local and overseas interest.

Most actively traded stocks included PANSAR, TALAM, ASB, CARLAW, LIMAHSN, LIENHOE, KBUNAI, TANCO, JOTECH and PTGTIN.

The Winners were GENTING (+10 sen to RM10.68), SIME (+6 sen to RM8.93), PETD (+48 sen to RM11.58), PUBLIC BANK (+4 sen to RM12.78) and PPB (+20 sen to RM19.22).

The Losers were CIMB (-1 sen to RM8.32), MAXIS (-1 sen to RM5.27) and BAT (-14 sen to RM48.00). Market breadth was positive with 436 gainers as compared to 332 losers.

The Finance Index added 0.13% to 13760.38 points, the Properties Index surged 0.22% to 1002.86 points and the Plantation Index climbed 0.85% to 7716.33 points.

The market traded within a range of 4.83 points between an intra-day high of 1513.41 and a low of 1508.58 during the session.

Trading volume declined to 1278.55 mil shares worth RM1610.34 mil as compared to Wednesday’s 1325.05 mil shares worth RM1436.50 mil.

Hot Indonesian Stocks in New York

Market Vectors Indonesia Index (ETF) NYSE:IDX, PT Telekomunikasi Indonesia (ADR) NYSE:TLK, Arrow Resources Development Inc. (OTC:ARWD)

Market Vectors Indonesia Index (ETF) NYSE:IDX

IDX is pretty well diversified among sectors with large allocations going towards financials (25%) and industrial materials (19.8%).

However, the fund has no securities that are engaged in the technology or health care sectors, so investors will have to achieve that international exposure elsewhere.

Indonesia has been soaring as of late due to strengthening commodity prices and one of its main components, Astra, hiking its dividends.

Arrow Resources Development Inc. (OTC:ARWD)

Arrow Resources provides corporate operating structure, financial operations, sales and marketing activities and the financial administrative infrastructure for the commercial development of land and natural resources in Indonesia.

The land to be developed has been categorized as environmentally “critical land” by the Indonesian government due to deforestation by local farmers and predatory logging companies.

Arrow and their partners undertake every project in a manner that is sensitive to the local environment and social structure, blending economic growth with socially conscious development.

All current and future operations utilize the existing natural resources in a sustainable, renewable and responsible manner.

With its strategic partners, Arrow has begun the development of plantation/farming operations and ethanol production facilities in Indonesia on 3 million hectares (ha) of land on the islands of Kalimantan and Sulawesi. Arrow is working closely with its group of Indonesian partners to initiate operations in Konawe, South East Sulawesi.

The necessary approval has been granted by the local government (Bupati Konawe Selatan (Regent Government Officer in Charge of a Regency), H. Imran) to commence operation at two sites totaling 162,000 ha. The mapping, surveying and planning for these first sites have been completed and all necessary information has been filed with the local and national government offices.

The profit generated (70%) from all operations are to be invested in three trust funds for the retirement of the local farmers, the education of the local Farmer’s children and the expansion of the operations of GMPLH. The Company will select internationally recognized trust managers to oversee the distribution of proceeds.

Each project includes funding for the construction of local schools, field hospitals, farmer housing and the technical education of the farmers.

PT Telekomunikasi Indonesia, Tbk. (TELKOM) NYSE:TLK

PT Telekomunikasi Indonesia is a telecommunication and network services provider in Indonesia.

The Company provides a portfolio of information and communication services, including fixed wireline and fixed wireless telephone, mobile cellular, data and Internet, and network and interconnection services, directly or through its subsidiaries.

The Company has four segments: fixed wireline, fixed wireless, cellular and others. The fixed wireline segment provides local, domestic long-distance and international telephone services, and other telecommunications services (including leased lines, telex, transponder, satellite and very small aperture terminal (VSAT)), as well as ancillary services.

TELKOM’s fixed wireless segment provides local and domestic long-distance code division multiple access (CDMA)-based telephone services. Its cellular segment provides basic telecommunication services, particularly mobile cellular telecommunication services.

In Singapore the Straits Times Index (STI) closed up 0.61 per cent or 19.69 points to finish at 3,224.97 yesterday. Daily Turnover was $2.07 billion.

DBS, the last of the three local banking groups to release its results, saw its stock close 0.71 per cent or 10 cents up at $14.10. Total value of DBS shares traded was $135.7 million putting it in second spot in the top value trading list.

United Overseas Bank and Oversea-Chinese Banking Corporation – which reported its results earlier – closed down 0.32 per cent at $18.46 and unchanged at $9.30 respectively yesterday.

Topping the volume list yesterday was Freight Links Express Holdings, which rose one cent or 12.5 per cent to end at 9 cents, with 123 million shares changing hands.

The logistics company is the majority shareholder of Sabana Investment Properties (SIP), which will list Singapore’s first Syariah-compliant real estate investment trust (Reit) worth about $600 million by the end of the year.

Freight Links, which has sold five industrial properties worth $193 million to the Reit manager, holds 51 per cent of SIP. The trust would hold about $850 million of industrial properties.

Shares of new listing Xinren Aluminium Holdings were also actively traded, gaining 4 cents or 8.3 per cent to end at 52 cents yesterday, with some 60.2 million shares traded. Its closing price, however, was still 5.5 per cent below its IPO price of 55.

Thailand stock are on track to hit the Ebeling Heffernan target of 1100 by Martch 2011, in Bangkok today the SET index closed at 1,031.61, up 17.41 or 1.72% in trade worth 54.02 billion baht.

PTT increased to 331.00 baht, up 17.00 baht or 5.41%.

SCC increased to 348.00 baht, up 16.00 baht, 4.82%.

ADVANC increased to 96.75 baht, up 4.75 baht or 5.16%.

SCB increased to 109.50 baht, up 4.00 baht or 3.79%.

PTTAR increased to 34.75 baht, up 1.50 baht or 4.51%.


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