ASEAN KEY DESTINATIONS
18 November 2013
The Straits Times Index (STI) ended 1.76 points higher or +0.05% to 3,203.03, taking the year-to-date performance to +1.14%.
The FTSE ST Mid Cap Index gained +0.08% while the FTSE ST Small Cap Index gained +0.17%. The top active stocks were DBS (-0.53%), SingTel (+0.27%), Noble Group (+3.37%), Global Logistic Properties (-1.92%) and CapitaLand (+0.98%).
The outperforming sectors today were represented by the FTSE ST Health Care Index (+1.86%). The two biggest stocks of the FTSE ST Health Care Index are Biosensors International Group (+4.10%) and Raffles Medical Group (-0.63%). The underperforming sector was the FTSE ST Consumer Goods Index, which declined -0.76% with Wilmar International’s share price declining -0.56% and Thai Beverage’s share price declining -3.77%. The FTSE ST Technology Index gained +0.79%.
The three most active Exchange Traded Funds (ETFs) by value today were the iShares MSCI India (+6.42%), SPDR STI ETF (+0.31%) and DBXT CSI300 ETF (+4.10%).
The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (+1.28%), Ascendas REIT (unchanged) and CapitaMall Trust (unchanged).
The most active index warrants by value today were HSI23000MBeCW131230 (+64.55%), HSI23600MBeCW131230 (+61.54%) and HSI23400MBePW131230 (-40.28%).
The most active stock warrants by value today were DBS MB eCW140204 (-12.39%), UOB MB eCW140103 (-0.94%) and OCBC Bk MBeCW140203 (-3.57%).
Singapore Stock Market
*ST Index 3,203.03 +1.76 3,201.27 +10.19
Volume: 2,422M 1,598.3M
Value: $982.9M $1,017.7M
Gainers/Losers: 203/213 227/170
Daily Market Commentary (Securities)
18 Nov 2013
The FBM KLCI index gained 2.52 points or 0.14% on Monday. The Finance Index increased 0.24% to 16531.46 points, the Properties Index up 0.26% to 1296.31 points and the Plantation Index rose 1.02% to 8768.67 points. The market traded within a range of 5.75 points between an intra-day high of 1795.14 and a low of 1789.39 during the session.
Actively traded stocks include BJAUTO, TIGER, SMPC-LA, SUMATEC, TDM, CAP, INSAS, SONA-WA, AT and HUBLINE. Trading volume increased to 1509.77 mil shares worth RM1882.76 mil as compared to Friday’s 1489.81 mil shares worth RM1583.97 mil.
Leading Movers were KLK (+40 sen to RM23.70), PETDAG (+16 sen to RM30.26), GENTING (+14 sen to RM10.54), PPB (+12 sen to RM14.46) and HLFG (+10 sen to RM15.00). Lagging Movers were FGV (-7 sen to RM4.30), TM (-6 sen to RM5.10), AXIATA (-5 sen to RM6.77), RHBCAP (-5 sen to RM7.61) and MAXIS (-4 sen to RM7.08). Market breadth was negative with 351 gainers as compared to 439 losers.
The KLCI ended marginally higher at 1792.39 points, buoyed by the gains in selected blue chips following the better-than-expected 3Q GDP growth. However, broader market breadth was negative, as investors traded cautiously amid the on-going Federal Reserve taper debate. Meanwhile, Berjaya Auto staged a strong debut on the Main Market by surging 160% while trading interest on plantation counters was strong following the recent rally of CPO price.
Date As of: 18 November 2013
Description Volume Value Frequency
ETF 20,000 13,496,500 13
Stock 3,375,042,838 4,060,380,894,767 129,362
Right 5,764,938 124,327,950 49
Warrant 22,657,164 1,535,989,924 999
Total 3,403,484,940 4,062,054,709,141 130,423
Thai bourse welcomes pharmaceutical, consumer products distributor Mega Lifesciences
BANGKOK, November 18, 2013 – The Stock Exchange of Thailand (SET) welcomes Mega Lifesciences pcl on its main board, listing in the Commerce sector on November 19 under the ticker symbol "MEGA," with a market capitalization at the initial public offering price of THB 15.14 billion (approx. USD 481 million)
SET Executive Vice President Chanitr Charnchainarong reported that MEGA distributes pharmaceutical and consumer products under its “Maxxcare” trademark, and produces nutraceutical products, prescription pharmaceutical products, and over-the-counter medical products under the trademark of “MEGA We Care,” distributing via the company’s own outlets or other distributors in 29 countries worldwide.
MEGA has a paid-up registered capital of THB 432.62 million, consisting of 735.46 million existing and 129.79 million newly-issued shares, with a par value of THB 0.50 each. The company offered 164.36 million shares to the initial public offering at THB 17.50 per share on November 11-13. Kasikorn Securities pcl is the company's financial advisor and underwriter. In addition, existing shareholders, which are Shah’s family, Mr. Vivek Dhawan, and the company’s executives, will sell 42.18 million shares on big lot board on the first trading day to Mindo Asia Investments Limited, a Hong Kong company wholly owned by Lombard Asia IV L.P., and will sell up to 9.78 million shares via Private Placement to not more than 50 persons at the same IPO price.
Vivek Dhawan, CEO of MEGA, said, "We are pleased to have our shares listed on SET. The funds raised will be used to repay bank loans and for working capital and business expansion in domestic and overseas markets.”
MEGA's three major shareholders after the IPO and the big lot board are the Shah family (53.77%), Mr. Vivek Dhawan (7.34%) and Mindo Asia Investments Limited (4.99%). The IPO price was set by book-building. MEGA has a price-to-earnings ratio of 27.7 times, calculated using net profits over the past four quarters (from the third quarter of 2012 to the second quarter of 2013), divided by the number of fully-diluted shares, representing earnings per share of THB 0.63. MEGA's dividend policy is to pay no less than 25 percent of net profits after taxes and reserves.
Thai bourse grants Thai education development award
BANGKOK, November 18, 2013 – The Stock Exchange of Thailand (SET) Foundation honors and encourages philanthropic acts of individuals and organizations through its annual "Social Recognition Project" in seven areas, with this year's award from the Professor Sangvian Indaravijaya Foundation for education, sponsored by SET, being granted to Sripan Viantong, former principal of Wattanotai Payap School in Chiang Mai province, for her life-long contribution to build opportunities for teachers and students.
This award recognizes the person selected by the Foundation, and is one of SET's corporate social responsibility projects. The Social Recognition Project identifies, honors, and inspires those benefiting society and encourages others to follow in their footsteps. The project is organized annually since 2007 awarding organizations and persons that contribute to society. The SET realizes the importance of corporate social responsibility and has incorporated social responsibility as a major part of its vision.
Charamporn Jotikasthira, SET president and SET Foundation director and secretary said: “The Sangvian Foundation has been supporting Thai society, particularly in education development, for more than 12 years. The foundation’s goal is aligned with that of SET Foundation because both emphasize developing the quality of people and the country. We strongly believe that this encouragement will help inspire many others in society to upgrade Thai education,” Charamporn added.
Sopawadee Lertmanaschai, Director and Secretary of the Professor Sangvian Indaravijaya Foundation, said that the Social Recognition Project helped raise the public profile of those who had sacrificed their personal interests for the public good, holding them up as role models, so that others might follow suit and help Thai society to grow with sustainability. Therefore, this year’s award went to Sripan Viantong, former principal of Wattanotai Payap School in Chiang Mai, who had developed Thai education for 38 years.
Of the seven awards, four have now been announced: the award for the Vimuttayalaya Foundation was granted to Phan Pankum for his contribution to organic agriculture; the Duang Prateep award was granted to Police Lieutenant Colonel Somkiat Seemakupt for his commitment to fighting drugs, including protecting residents from drugs; the Sugree Charoensook Award was granted to Tongsai Tubtanon for his musical talent in initiating usage of the Thai folk electric guitar to preserve Thai cultural heritage; and the Population and Community Development Association was granted to the Hug Muang Nan Foundation and Institute for Sustainable Agriculture Community of Chiang Mai province.
The awardees chosen by the other two organizations, which are the Football History Association of Thailand and the Thai Library Association, will be announced soon.
As of 18 November 2013 Unit: M.Baht
Type Buy Sell Net
Institution 1,232.13 1,168.28 63.85
Proprietary 2,921.93 2,240.96 680.97
Foreign 8,137.87 8,714.09 -576.22
Individual 13,778.05 13,946.65 -168.60
Total Trading Value 26,069.99 M.Baht
Vietnam's benchmark VN Index gained 1.03 percent to close at 506.48 points on Monday, its highest since Aug. 19, on strong buying and ahead of a possible increase in foreign ownership, analysts said.
Major investors bought stocks that they believed to be undervalued, pushing up prices of the shares, said analyst Nguyen Phong at Viet Capital Securities.
Most blue chips advanced on Monday, with Petrovietnam Transportation Corp leading the list of Vietnam's 30 biggest firms, rising 5.83 percent. Its volume hit a record high of 8.23 million shares.
Dairy product maker Vinamilk climbed 0.71 percent, and real estate firm Vingroup gained 0.75 percent.
The index surpassed its strong resistance level of 505 points and was expected to continue its rise later in the week,
analysts said. It closed at 511.02 points on Aug. 19.
News on a possible increase in foreign voting rights and holding in listed firms kept investors optimistic about the economy, Phong added.
Foreign investors could be allowed to increase their holding with voting rights to 60 percent in qualified listed companies, from 49 percent now, if a State Securities Commission draft rule gets government approval, the Securities Investment magazine said on Monday.
Here is a snapshot of the VN Index
VN Index 506.48
PREV. CLOSE 501.34
% CHANGE 1.03%
Southeast Asian stocks rose on Monday with Indonesian shares outperforming the region, as investors increased exposure to emerging markets on the prospect of extended stimulus in the United States and signs of ambitious economic reform in China.
Large caps such as Adaro Energy and Astra International led a broad uptick in Indonesian shares, sending the benchmark Jakarta Composite Index to a one-week closing high.
Auto firm Astra and property stocks had fallen last week after the central bank's surprise rate hike.
Singapore's Straits Times Index added 0.05 percent at 3,203.03, the highest close in almost two weeks, and the Malaysian index inched up 0.1 percent to 1,792.39, the highest close in nearly one week.
The Philippine index closed nearly flat after climbing to a one-week high, as concerns remained over the impact of the super Typhoon Haiyan.
Vietnam gained 1 percent to its highest close in three months ahead of a possible increase in foreign ownership.
The Thai SET index ended up 0.2 percent in a relatively light volume trading. Shares of builder Italian Thai Development rose as the Senate debates the government's proposed 2.0 trillion baht ($63.23 billion) infrastructure loan bill.
Fund flows were mixed across exchanges, with Malaysia posting a net foreign selling of 83 million ringgit ($25.92 million) and Indonesia reporting a net foreign buying of 286,076 million rupiah ($24.62 million).
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 411.26 409.22 +0.50
Singapore 3203.03 3201.27 +0.05
Kuala Lumpur 1792.39 1789.87 +0.14
Bangkok 1423.96 1420.66 +0.23
Jakarta 4393.59 4335.45 +1.34
Manila 6343.25 6346.40 -0.05
Ho Chi Minh 506.48 501.34 +1.03
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