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ASEAN STOCK WATCH Asean Affairs  11 November  2013 


SGX welcomes Figtree Holdings to Catalist

Singapore Exchange (SGX) today welcomed Figtree Holdings Limited to its Catalist board under the stock code “5F4”.

Figtree Holdings designs industrial and commercial properties with a business focus in Singapore, China and Malaysia. It is also involved in the building and development of such properties. The company is planning to grow its design, consulting and development business as the demand for industrial and logistics space in Asia rises.

Danny Siaw, Executive Chairman and Managing Director of Figtree Holdings, said, “It is gratifying to know that our IPO has attracted a very strong interest from investors.  Figtree has built a reputation for the design and building of commercial and industrial facilities. We intend to focus on our core strengths and expertise to expand our operations in existing markets and also into new markets.  With a listing status now, we will not only explore opportunities in mergers and acquisitions, joint ventures and strategic alliances but have also set aside about 42 per cent of the IPO net proceeds to undertake property development  in the commercial and industrial sectors.”

Lawrence Wong, Head of Listings at SGX, said, “We are heartened to witness yet another home-grown company leveraging on the Singapore stock market to expand its business. With its listing on SGX’s Catalist, Figtree offers investors an opportunity to participate in the logistics and industrial property development space. We look forward to supporting more of such companies as they grow and increase their presence in Singapore and the region.”

With an estimated market capitalisation of $61 million, Figtree Holdings brings the total number of listings of the Catalist board to 140 worth $8.6 billion.

11 November 2013

The Straits Times Index (STI) ended 9.47 points higher or +0.30% to 3,186.72, taking the year-to-date performance to +0.62%.

The FTSE ST Mid Cap Index declined -0.47% while the FTSE ST Small Cap Index declined -0.07%. The top active stocks were SingTel (+0.53%), Capitaland (-0.65%), Genting Singapore (-2.06%), DBS (+0.36%) and Keppel Corp (+0.64%).

The outperforming sectors today were represented by the FTSE ST Oil & Gas Index (+0.60%). The two biggest stocks of the FTSE ST Utilities Index are Keppel Corp (+0.64%) and Sembcorp Marine  (+1.15%). The underperforming sector was the FTSE ST Utilities Index, which declined -1.14% with United Envirotech’s share price remaining unchanged and Hyflux’s share price declining -1.65%. The FTSE ST Technology Index declined -0.69% and the FTSE Consumer Goods Index gained +0.48%.

The three most active Exchange Traded Funds (ETFs) by value today were the iShares MSCI INDIA 100 (-1.90%), DBXT CSI300 ETF 10 (+0.55%) and Nikko AM STI ETF (+0.31%).

The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (-1.71%), Suntec REIT (-0.61%) and CapitaCommercial Trust (-0.68%).

The most active index warrants by value today were HSI22800MBePW131230 (-21.43%), HSI23200MBeCW131128 (+28.57%) and HSI23000MBeCW131230 (+19.61%).

The most active stock warrants by value today were DBS MB eCW140204 (+5.00%), UOB MB eCW140103 (-4.21%) and KepCorp MBeCW140203 (+3.80%).
Singapore Stock Market
                           Monday               Friday
*ST Index     3,186.72  +9.47     3,177.25  -24.85
Volume:            1,682.3M               1,662M
Value:                   $832M             $937.9M
Gainers/Losers:    193/238              173/235


Daily Market Commentary (Securities)
11 Nov 2013

The FBM KLCI index lost 0.27 points or 0.01% on Monday. The Finance Index increased 0.09% to 16738.21 points, the Properties Index dropped 0.23% to 1311.48 points and the Plantation Index rose 0.11% to 8630.9 points. The market traded within a range of 3.46 points between an intra-day high of 1806.23 and a low of 1802.77 during the session.

Actively traded stocks include SONA-WA, KNM, SONA, KNM-WA, DAYA, SUMATEC-WA, EAH, INSAS, MPAY-WA and SUMATEC. Trading volume increased to 2192.00 mil shares worth RM1836.66 mil as compared to Friday’s 1924.70 mil shares worth RM1902.78 mil.

Leading Movers were HLFG (+22 sen to RM15.04), PPB (+8 sen to RM14.14), MISC (+5 sen to RM5.13), DIGI (+5 sen to RM4.97) and PETGAS (+4 sen to RM23.92). Lagging Movers were UMW (-20 sen to RM12.44), BAT (-20 sen to RM62.90), SKPETRO (-6 sen to RM4.25), UEMS (-5 sen to RM2.35) and PETCHEM (-4 sen to RM6.79). Market breadth was positive with 429 gainers as compared to 367 losers.

The local bourse ended the day marginally lower at 1,804.21, down by 0.27 points as investors traded with caution ahead of China’s leaders meeting on economic reform for the next decade. Regional markets were mixed due to concern that the Federal Reserve might consider reducing its stimulus programme by year end as its robust job data showed a stabilizing economy.


Trade Summary
Date As of:     11 November 2013   
Description    Volume    Value    Frequency
Total    4,648,715,769    5,424,855,512,428    164,825
ETF    1,500    947,500    03
Stock    4,626,404,269    5,423,825,237,428    164,097
Warrant    22,310,000    1,029,327,500    725


Trading Summary

As of 11 November 2013         Unit: M.Baht
Type                   Buy             Sell           Net
Institution       4,659.33     2,164.84     2,494.49     
Proprietary     4,906.03      4,360.61       545.42     
Foreign          7,774.96    10,623.69   -2,848.73     
Individual     14,944.90    15,136.07      -191.17     
Total Trading Value     32,285.22 M.Baht          

Global stocks mixed amid US stimulus jitters

Global stock markets were mixed at the start of the week after unexpectedly strong U.S. economic growth and hiring reinforced expectations that the Federal Reserve will start cutting back stimulus soon. Stocks in Manila sank after a typhoon devastated the eastern Philippines, killing thousands of people.

Investors were also waiting to see if China's communist leaders, who started a four-day meeting in Beijing on Saturday, would announce reform plans to bolster the world's No. 2 economy as it comes under pressure from industrial overcapacity, high debt and surging house prices.

In Europe, Germany's DAX was flat at 9,078.28 and the France's CAC-40 rose 0.2 percent to 4,267.24. The FTSE 100 index of leading British shares was 0.1 percent higher at 6,716.08.

Dow Jones and S&P 500 futures were little changed.

U.S government figures on Friday showed the country generated 204,000 jobs in October, way ahead of market expectations for a more modest increase of 125,000. And the world's biggest economy grew 2.8 percent in the third quarter, nearly a percentage point higher than expected.

The data made it more likely the Fed will soon being reducing its $85 billion of monthly bond purchases that have kept interest rates low to spur economic recovery but also sent a wall of money into stock markets.

"The U.S. economy remains resilient" so reduction of the Fed's monetary stimulus remains on the table, Mizuho Bank in Singapore said in a market commentary.

But DBS Vickers in Hong Kong said odds that the Fed will cut its stimulus as early as December or January still seem to be under 50 percent. It said economic fundamentals still seemed weak, with consumption and business investment growth slowing.

In Asia, Japan's Nikkei 225 rose 1.3 percent to 14,269.34. Hong Kong's Hang Seng rose 1.4 percent to 23,059.98 while China's Shanghai Composite rebounded from earlier losses to gain 0.2 percent at 2,109.47.

However, Seoul's Kospi dropped 0.4 percent to 1,977.30 and Australia's S&P/ASX 200 shed 0.3 percent to 5,387.10.

The PSE Composite in Manila sank 1.4 percent to 6,265.23 as the country grappled with the aftermath of Typhoon Haiyan. Authorities estimated that up to 10,000 people may have died. But the government, stunned by the scale of the disaster, has not given an official death toll yet.

In energy trading, benchmark crude for December delivery was down 21 cents to $94.39 in electronic trading on the New York Mercantile Exchange. The contract rose 40 cents to close at $94.60 a barrel on Friday.

The euro rose to $1.3385 from $1.3352 late Friday. The dollar dropped to 99.09 yen from 99.21 yen.


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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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