ASEAN KEY DESTINATIONS
10 November 2014
The Straits Times Index (STI) ended +14.61 points higher or +0.44% to 3301.00, taking the year-to-date performance to +4.30%.
The FTSE ST Mid Cap Index gained +0.36% while the FTSE ST Small Cap Index gained +0.07%. The top active stocks were DBS (+1.60%), SingTel (+0.26%), Noble (+4.17%), ST Engineering (-2.22%) and OCBC Bank (+0.69%).
The outperforming sectors today were represented by the FTSE ST Technology Index (+1.07%). The two biggest stocks of the FTSE ST Technology Index are Silverlake Axis (+2.27%) and STATS ChipPAC (-2.11%). The underperforming sector was the FTSE ST Consumer Goods Index, which declined -0.67% with Wilmar International’s share price unchanged and Thai Beverage’s share price declining -1.33%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (+2.30%), DBXT CSI300 ETF (+2.19%), IS MSCI India (-0.13%).
The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (-0.54%), Ascendas REIT (unchanged), CapitaMall Trust (+1.55%).
The most active index warrants by value today were HSI23600MBePW141230 (-14.97%), HSI24400MBeCW141230 (unchanged), HSI23800MBeCW141230 (+13.68%).
The most active stock warrants by value today were UOB MB eCW150302 (+5.30%), DBS MB eCW150701 (+11.19%), DBS VT eCW150202 (+16.78%).
Singapore Stock Market
*ST Index 3,301 +14.61 3,286.39 -4.57
Volume: 1,387.5M 1,213.6M
Value: $1,032.8M $1,075.6M
Gainers/Losers: 214/214 186/238
Daily Market Commentary (Securities)
10 Nov 2014
The FBM KLCI index gained 3.74 points or 0.21% on Monday. The Finance Index increased 0.06% to 16605.24 points, the Properties Index dropped 0.55% to 1434.23 points and the Plantation Index down 0.32% to 8446.82 points. The market traded within a range of 7.77 points between an intra-day high of 1831.82 and a low of 1824.05 during the session.
Actively traded stocks include NOVAMSC, GENETEC, SYSTECH, PRIVA, DGB, IFCAMSC, IFCAMSC-WA, DVM, ASIABIO-WA and MINETEC-OR. Trading volume increased to 2662.82 mil shares worth RM1979.32 mil as compared to Friday’s 2522.07 mil shares worth RM1954.56 mil.
Leading Movers were UMW (+38 sen to RM11.68), MISC (+22 sen to RM7.60), SKPETRO (+6 sen to RM3.14), KLCC (+9 sen to RM6.87) and FGV (+4 sen to RM3.53). Lagging Movers were DIGI (-11 sen to RM6.02), ASTRO (-6 sen to RM3.33), IHH (-7 sen to RM4.80), TM (-9 sen to RM7.14) and IOICORP (-5 sen to RM4.80). Market breadth was negative with 348 gainers as compared to 482 losers.
The KLCI rebounded from the correction on last week and ended higher at 1827.93 points, in line with the broadly higher Asian markets. Market breadth however was negative, as investors remained cautious following the muted performance in U.S. market that failed to provide fresh market clues.
Date As of: 10 November 2014
Description Volume Value Frequency
ETF 3,000 1,512,200 30
Stock 4,560,264,048 4,017,757,128,261 181,491
Warrant 8,115,800 437,300,400 519
Total 4,568,382,848 4,018,195,940,861 182,040
Thai alternative bourse welcomes NCL International Logistics
BANGKOK, November 10, 2014 - The Market for Alternative Investment (mai), under The Stock Exchange of Thailand (SET) group, will list NCL International Logistics pcl, an international and domestic freight transportation company, on November 11, under the ticker symbol "NCL". The company has a market capitalization at its initial public offering (IPO) of THB 756 million (approx. USD 23.26 million).
mai President Prapan Charoenprawatt said NCL offered a full range of freight transportation services and tailor-made logistics solutions for exporters and importers, aiming at managing the flow of goods to destinations timely and cost-efficiently. The company rendered international freight transportation
services both air and sea, as well as domestic services by means of trucks and trailers. Currently, it had 50 trucks and 98 trailers and focused on exporter, importer and freight forwarder.
NCL has a paid-up registered capital of THB 105 million, consisting of 325 million existing common shares and 95 million newly-issued shares, with a par value of THB 0.25. The new shares issued were offered to the general public via initial public offering (IPO) during November 3-5 at THB 1.80 each for a total of THB 171 million. Finnex Advisory Co., Ltd. is its financial advisor, while Apple Wealth pcl is its lead underwriter.
Kitti Phuathavornskul, NCL's Chief Executive Officer, said that the listing on mai was a significant step for the company to boost image, goodwill and
strengthen the company's financial status. The fund raised would be used to purchase new trucks and trailers, repay debt to financial institutions, and as
working capital, boosting business opportunity and revenues to grow consistently and firmly.
NCL's three major shareholders after the IPOs are Phuathavornskul family (59.05 percent), K-SME Venture Capital Co.,Ltd. (14.29 percent) ,Suksan
Kittipattarapong and Aummarit Klomjitjaroen (1.19 percent each). The IPO price was equivalent to price per earnings ratio (P/E ratio) of 23.45 times,
calculated by using the company's net profit in the past four quarters (July 1, 2013 - June 30, 2014) divided by fully diluted shares, representing earnings per share of THB 0.08. NCL's dividend policy is to pay no less than 50 percent of net profits after taxes and reserves.
Starting from the first trading day of 2015, mai will announce eight industry groups categorizing from their business aspects, and NCL will then be classified into SERVICE sector. For more information on NCL, please see the company's prospectus at the Securities and Exchange Commission's website at www.sec.or.th and general information at the company's website at www.nclthailand.com , as well as www.mai.or.th.
As of 10 November 2014 Unit: M.Baht
Type Buy Sell Net
Institution 2,163.77 3,332.04 -1,168.27
Proprietary 3,266.51 3,129.59 136.92
Foreign 7,993.23 7,170.58 822.65
Individual 41,676.29 41,467.59 208.70
Total Trading Value 55,099.79 M.Baht
Vietnam index dips 0.1 pct on profit taking
Vietnam's benchmark VN Index eased 0.08 percent on Monday, with stocks moving in tight ranges amid profit taking from recent gains.
Stocks had been on track for a third straight gain by the break on Monday, following Vietnam's successful sales of its $1 billion offshore dollar-dominated bonds, before the market reversed on profit taking near the close.
"It's quite a normal adjustment as short-term selling set in when market rises," said deputy manager Nguyen Tuan of An Binh Securities, adding that the index may move sideways this week.
PetroVietNam Gas , Vietnam's biggest firm by market value, lost 0.95 percent, while property firm Vingroup rose 0.83 percent.
Here is a snapshot of the VN Index at the close
VN Index 602.12
PREV. CLOSE 602.59
% CHANGE -0.08%
SE Asia Stocks -Most retreat; Noble Group shares lead Singapore gains
Singapore's key index scaled a more than 7-week closing high on Monday as quarterly results and special dividends boosted Noble Group shares, while the Malaysian benchmark snapped five sessions of losses with large caps leading the rebound.
Singapore's Straits Times Index closed up 0.44 percent at 3,301.00, the highest close since Sept. 19. Noble shares jumped 4.2 percent, their biggest one-day gain since April, and were the top percentage gainers on the index.
The rally in Noble Group shares came after the company's third-quarter net profit hit a 2-year high and it announced a special dividend payout.
Malaysia's main index edged up 0.2 percent, slightly recovering from its fall over the last five sessions. Shares of Tenaga Nasional , Public Bank and Maybank gained in strong volumes.
Stocks in Thailand , Indonesia , the Philippines and Vietnam retreated after rising earlier on positive sentiment in Asia.
In Bangkok, late selling in shares of top energy firm PTT sent the main SET index to 1,567.34, its lowest close since Oct. 30. Brokers said declining oil prices dented sentiment in energy shares.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3301.00 3286.39 +0.44
Kuala Lumpur 1827.93 1824.19 +0.21
Bangkok 1567.34 1578.37 -0.70
Jakarta 4965.39 4987.42 -0.44
Manila 7192.12 7205.72 -0.19
Ho Chi Minh 602.12 602.59 -0.08