ASEAN KEY DESTINATIONS
10 November 2017
The Straits Times Index (STI) ended 3.81 points or 0.11% lower to 3420.1, taking the year-to-date performance to +18.72%. For longer term observations please go to sgx.com/research.
The top active stocks today were DBS, which declined 1.19%, Singtel, which gained 0.53%, SATS, which gained 6.37%, CapitaLand, which declined 0.28% and CityDev, with a 0.49% advance.
The FTSE ST Mid Cap Index gained 0.52%, while the FTSE ST Small Cap Index declined 0.01%.
The three most active Exchange Traded Funds (ETFs) by value today were:
STI ETF (-0.58%)
DBXT MSCI Asia Ex Japan ETF (-0.35%)
IS MSCI India (-0.57%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Ascendas REIT (-0.38%)
CapitaLand Mall Trust (unchanged)
CapitaLand Commercial Trust (-0.55%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
DBS MB eCW180115 (-10.38%)
UOB MB eCW180410 (-4.05%)
DBS MB ePW180402 (+7.14%)
Singapore Stock Market
*ST Index 3,420.1 -3.81 3,423.91 +2.66
Volume: 2,157.1M 2,495.3M
Value: $1,335.5M $1,463.8M
Gainers/Losers: 206/236 158/288
Daily Market Commentary (Securities)
10 November 2017
The FBM KLCI index lost 4.53 points or 0.26% on Friday. The Finance Index fell 0.06% to 16229.72 points, the Properties Index dropped 0.20% to 1228.7 points and the Plantation Index down 0.10% to 8016.01 points. The market traded within a range of 8.00 points between an intra-day high of 1748.94 and a low of 1740.94 during the session.
Actively traded stocks include SUMATEC, HIBISCS, MUIIND, MMAG-PR, KEYASIC, TRIVE, HUBLINE, KGROUP, PUC and HWGB. Trading volume increased to 3108.62 mil shares worth RM2136.16 mil as compared to Thursday’s 3091.80 mil shares worth RM2339.43 mil.
Leading Movers were ASTRO (+4 sen to RM2.82), PETDAG (+16 sen to RM21.60), IOICORP (+3 sen to RM4.50), PETGAS (+10 sen to RM17.80) and PETCHEM (+4 sen to RM7.44). Lagging Movers were MISC (-15 sen to RM7.30), GENM (-10 sen to RM5.05), WPRTS (-7 sen to RM3.67), AXIATA (-10 sen to RM5.34) and IJM (-5 sen to RM3.07). Market breadth was negative with 371 gainers as compared to 479 losers.
The KLCI ended this week with a negative note, closed lower at 1742.28 points. The performance of our local bourse was bogged down by selling interest in heavy weight counter such as MISC, Genting Malaysia and Westports.
Date As of: 10 November 2017
Description Volume Value Frequency
ETF 370,600 55,650,600 28
Stock 9,619,124,504 7,859,865,230,565 280,486
Warrant 26,994,200 2,695,256,800 2,040
Total 9,646,489,304 7,862,616,137,965 282,554
SET welcomes "Rich Sport" on November 10
Bangkok, November 9, 2017 - The Stock Exchange of Thailand (SET) will list Rich Sport pcl, Thailand's exclusive distributor of footwear and apparel products under the brands Converse and Pony, on November 10, under the ticker symbol "RSP". The company has a market capitalization at its initial public offering
(IPO) of THB 4.47 billion (approx. USD 131.35 million).
SET Senior Executive Vice President Santi Kiranand said that RSP would list and start trading on the Services industry group, Commerce sector. RSP is the sole distributor of leading international footwear and non-footwear brands in Thailand including Converse and Pony. The company has been granted the exclusive rights by Converse Inc. to market and sell Converse products, the US brand with a 100-year history, in Thailand and Cambodia through both wholesalers and retailers. At present, the company has 41 mono brand stores and 114 sales counters in department stores. Moreover, the company has been granted the exclusive right by the Hong Kong-based Pony International Limited to design, manufacture and market Pony products in Thailand, Cambodia and Laos.
RSP has a paid-up registered capital of THB 770 million, consisting of 570 million existing common shares and 200 million newly issued shares, with a par value of THB 1 each. It offered 195 million newly issued shares to general public via IPO and 5 million shares to directors, executives and employees at
THB 5.80 each, for a total of THB 1.16 billion, during November 3 and 6-7.
Finansia Syrus Securities pcl is its financial advisor and lead underwriter,while seven securities companies - Globlex Securities Co., Ltd., KGI Securities (Thailand) pcl, Trinity Securities Co., Ltd., Capital Nomura Securities pcl, UOB Kayhian Securities (Thailand) pcl, RHB Securties (Thailand) pcl and Asia Plus
Securities Co., Ltd. are co-underwriters.
RSP Chief Executive Officer Papitch Wongpaitoonpiya said that the fund raised would be used to open up new stores and renovate the existing ones, and as working capital to beef up its competitiveness while capitalizing on business opportunities. In addition, becoming the SET-listed company will enhance the
firm's image in perspective of its trading partners that are the world's leading fashion brands. RSP aims at being a leading international fashion and lifestyle company by distributing famous brands with a wide range of products which can extensively serve customer demand, as well as professional business operation to sustain and grow along with the ever-changing fashion business.
RSP's three major shareholders after the IPO are Papitch Wongpaitoonpiya Group (74.03 percent), Thai Life Insurance pcl (0.55 percent) and Onuma Supornsirikul (0.26 percent). The IPO price was set by a book building process, equivalent to price-to-earnings (P/E) ratio of 17.08 times calculated by using the company's net profit in the past four quarters (July 1, 2016 - June 30, 2017) divided by 770 million total registered capital representing earnings per share of THB 0.34.
RSP's dividend policy is to pay no less than 40 percent of net profit from the company's separate financial statement, after corporate income tax and legal reserves. Dividend payment may differ from the policy, depending on earnings,liquidity and operating cash flow demand, future business expansion plan and
For more information, please see the company's prospectus at the Securities and Exchange Commission's website at www.sec.or.th; and for general information, please visit www.richsport.co.th, as well as www.set.or.th .
As of 10 November 2017 Unit: M.Baht
Type Buy Sell Net
Institution 4,847.38 5,484.01 -636.63
Proprietary 6,100.55 5,786.29 314.26
Foreign 15,838.59 18,565.79 -2,727.20
Individual 30,305.30 27,255.73 3,049.57
Total Trading Value 57,091.82 M.Baht
SE Asia Stocks-Most fall; Vietnam posts best week in 2017
Most Southeast Asian stock markets ended lower on Friday, with the Philippines shedding 1 percent, while
Vietnam marked its best week this year as a six-session winning streak lifted it to a fresh near-decade peak.
Broader Asian shares retreated amid uncertainty over U.S. tax reforms as Senate Republicans unveiled a proposal that differed markedly on corporate, business and individual tax cuts from legislation detailed by their counterparts in the House of Representatives.
"Growing uncertainty about U.S. tax reforms spooked markets yesterday and there seems to be no relief on the way from elevated market volatility in the Asian session today," ING said in a note.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3 percent, after hitting a near decade
high in its previous session.
The Philippine index .PSI ended at its lowest in a week, dragged by real estate and industrial stocks. The index gained about 0.7 percent this week.
Property developer SM Prime Holdings SMPH.PS ended at a more than two-week low, while industrial conglomerate Aboitiz Equity Ventures Inc AEV.PS fell 1.8 percent.
Singapore stocks .STI slipped 0.1 percent, after three continuous sessions of gains, marking a 1.1 percent gain on the week.
DBS Group Holdings DBSM.SI ended 1.2 percent lower and was the biggest drag on the index, a day after the lender ended at its highest in nearly 18 years.
Thai shares .SETI ended 0.8 percent lower, their weakest in more than three weeks. The benchmark lost 0.7 percent on the week.
Stocks in the consumer discretionary and financials sectors dragged the index, with home improvement services provider Home Product Center Public Company HMPRO.BK and commercial bank Kasikornbank Public Company Ltd KBANK.BK shedding 3.8 percent and 1.4 percent, respectively.
The Indonesian index .JKSE edged down 0.3 percent to its lowest in more than a week, dragged by financials and telecommunication stocks.
Bank Central Asia Tbk BBCA.JK ended at its lowest in more than one week, while Telekomunikasi Indonesia TLKM.JK closed about 1 percent lower.
The index of the country's 45 most liquid stocks ended about 0.4 percent lower.
Meanwhile, Vietnam stocks .VNI surged to close 0.9 percent higher, led by consumer staples, with Vietnam Dairy Products Joint Stock Company VNM.HM closing 7 percent higher.
The index gained about 2.9 percent this week, marking its best week since September 2016.
SOUTHEAST ASIAN STOCK MARKETS: CHANGE ON DAY
Market Current Previous Pct Move
Singapore 3420.1 3423.91 -0.11
Bangkok 1689.28 1703.03 -0.81
Manila 8433.48 8519.82 -1.01
Jakarta 6021.828 6042.46 -0.34
Kuala Lumpur 1742.28 1746.81 -0.26
Ho Chi Minh 868.21 860.4 0.91