ASEAN KEY DESTINATIONS
20 November 2013
The Straits Times Index (STI) ended 7.85 points lower or -0.25% to 3,184.23, taking the year-to-date performance to +0.54%.
The FTSE ST Mid Cap Index declined -0.30% while the FTSE ST Small Cap Index declined -0.20%. The top active stocks were SingTel (unchanged), DBS (+0.24%), Wilmar (-2.76%), UOB (+0.29%) and Keppel Corp (+0.73%).
The outperforming sectors today were represented by the FTSE ST Health Care Index (+2.50%). The two biggest stocks of the FTSE ST Health Care Index are Biosensors International Group (+5.56%) and Raffles Medical Group (-0.63%). The underperforming sector was the FTSE ST Technology Index, which declined -1.96% with Liongold Corp’s share price declining -1.11% and STATS ChipPAC’s share price declining -0.23%. The FTSE ST Consumer Goods Index declined by -1.32%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR STI ETF (unchanged), iShares USD Asia Bond ETF (+0.20%) and iShares USD Asia HY Bond ETF (+0.66%).
The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (unchanged), CapitaMall Trust (-0.51%) and Ascendas REIT (-0.87%).
The most active index warrants by value today were HSI23600MBeCW131230 (-0.74%), HSI23400MBePW131230 (-3.57%) andHSI23600MBePW131128 (-9.80%).
The most active stock warrants by value today were Wilmar MBeCW140203 (-20.34%), UOB MB eCW140103 (-6.00%) and KepCorp MBeCW140203 (+8.75%).
Singapore Stock Market
*ST Index 3,184.23 -7.85 3,192.08 -10.95
Volume: 1,339.8M 1,690.1M
Value: $821M $892.3M
Gainers/Losers: 168/253 176/264
Daily Market Commentary (Securities)
20 Nov 2013
The FBM KLCI index lost 8.47 points or 0.47% on Wednesday. The Finance Index fell 0.56% to 16410.55 points, the Properties Index dropped 1.09% to 1281.56 points and the Plantation Index down 0.49% to 8929.84 points. The market traded within a range of 19.63 points between an intra-day high of 1814.73 and a low of 1795.10 during the session.
Actively traded stocks include PATIMAS, MAS, SUMATEC, KBUNAI-WC, TIGER, CSL, TMS, INSTACO-WB, APFT and XOX. Trading volume decreased to 1790.61 mil shares worth RM2311.02 mil as compared to Tuesday’s 1822.81 mil shares worth RM2590.34 mil.
Leading Movers were PETGAS (+28 sen to RM23.88), HLFG (+8 sen to RM15.22), IOICORP (+6 sen to RM5.71), TM (+6 sen to RM5.18) and AMMB (+3 sen to RM7.30). Lagging Movers were BAT (-138 sen to RM62.08), KLK (-74 sen to RM24.00), GENTING (-42 sen to RM10.24), UMW (-28 sen to RM12.50) and HLBANK (-26 sen to RM14.04). Market breadth was negative with 246 gainers as compared to 562 losers.
The KLCI ended lower at 1798.69 points as investors were taking profit following the good gains of KLCI on yesterday. The uninspiring performance of our local bourse was tracking the overnight losses of U.S. markets, as investors remained wary on the potential tapering of monetary stimulus by Federal Reserve.
Date As of: 20 November 2013
Description Volume Value Frequency
ETF 54,500 28,102,500 29
Stock 4,438,312,555 5,252,934,833,035 121,945
Right 00 00 00
Warrant 108,284,500 2,121,032,000 1,202
Total 4,546,651,555 5,255,083,967,535 123,176
Companies on Thai alternative bourse post growing sales in July-Sept
- Sales up 7.29 pct in Q3 from a year earlier, but net profits down on rising costs
- Gross profit margins drop slightly, weighed by business expansion and new investment
- Nine-month sales up 6.89 pct year-on-year
BANGKOK, November 20, 2013 – Companies listed on the Market for Alternative Investment (mai), under The Stock Exchange of Thailand (SET) group, reported a 7.29 percent increase in sales to THB 28.75 billion (approx. USD 913 million) in the third quarter of 2013, but combined net profit dropped 27 percent to THB 1.34 billion, hit by rising costs of goods sold.
There were 74 firms, representing 82 percent of total mai-listed companies, showing net profits. However, gross profit margins were down to 20.25 percent from 21.30 percent a year ago due to rising selling costs, while rising expenses, especially amortization and depreciation costs, and interest expense, slashed net profit margins to 4.60 percent, from 6.67 percent. In addition, some mai-listed companies could not maintain their net profit margins because they were expanding businesses and investment.
However, the services, ICT, and industrial manufacturing sectors could maintain their margins, reflecting their good cost management. Among those sectors, there were four companies whose sales and net profit increased at an accelerated rate over the past 12 months, which are ARIP pcl (ARIP), Lighting & Equipment pcl (L&E), Thai Nondestructive Testing pcl (TNDT), and Thai Plaspac pcl (TPAC),” SET Executive Vice President Chanitr Charnchainarong said.
For January-September, companies reported aggregated sales of THB 83.81 billion, up 6.89 percent from a year earlier, while net profits were at THB 4.84 billion, down 9.01 percent. However, the nine-month net profit drops to only 4.48 percent if the THB 277 million gain from 2012 flood insurance compensation of Thai Mitsuwa pcl (TMW) were excluded in 2012 net profit.
In addition, 14 mai-listed companies posted rising sales and net profit from the previous quarter and a year earlier: 2S Metal pcl (2S), Arrow Syndicate pcl (ARROW), Union Auction pcl (AUCT), Buildersmart pcl (BSM), Cho Thavee Dollasien pcl (CHO), Halcyon Technology pcl (HTECH), Interlink Communication pcl (ILINK), Lighting & Equipment pcl (L&E), Project Planning Service pcl (PPS), T S Flour Mill pcl (TMILL), Thai Nondestructive Testing pcl (TNDT), Thai Nakarin Hospital pcl (TNH), Thai Plaspac pcl (TPAC), and Universal Adsorbents & Chemicals pcl (UAC).
Currently, there are 92 mai-listed firms. As of November 19, 2013, the mai index closed at 377.24 points, down 9.25 percent since the start of this year, with a total market capitalization of THB 184.66 billion and daily average trading volume of THB 2.44 billion. For more information of mai listed firms' financial statements, please visit www.mai.or.th and www.settrade.com
Thai bourse announces winners of SET Awards 2013
BANGKOK, November 20, 2013 – The Stock Exchange of Thailand (SET) and Money & Banking Magazine announce the 51 winners of SET Awards 2013, with Thongma Vijitpongpun, CEO of Pruksa Real Estate pcl (PS), winning the Best CEO award for a SET-listed company and Viroj Pornprakit, CEO of Jubilee Enterprise pcl (JUBILE), being recognized with the Best CEO award for a mai-listed company.
Deputy Prime Minister and Minister of Finance Kittiratt Na-Ranong presided over the ceremony and bestowed the SET awards. The ceremony is held today and celebrates its 10th anniversary.
SET President Charamporn Jotikasthira said that to celebrate the 10th anniversary of SET Awards, the event this year will be an extravaganza honoring award winners and supporters, who have been a key to developing the Thai capital market. Thus, 42 companies were proclaimed as award winners, receiving a total of 51 awards. The awardees included three SET Awards of Honor winners which had been outstanding for six consecutive years: Kasikornbank pcl (KBANK) for prominence in corporate governance Reports, Siam Cement pcl (SCC) for superiority in corporate social responsibility, and Bangchak Petroleum pcl (BCP) for prominence in both areas.
“The two winners of Best CEO of SET and mai are superb executives, with outstanding profiles and superior strategies, who have led their companies to be industry leaders, with promising growth in sales and market capitalization since they listed. Their sustained development also reflects their vision to operate with good corporate governance and benefits to society. This year is also special, as there are as many as 18 companies receiving SET Awards of Honor, which are given only to those maintaining their prominence in a given area for three or more consecutive years. This number sets a record high for SET Awards of Honor, and is an indicator that Thai companies are likely to become more and more prominent, paving the way to increased international competitiveness,” Charamporn added.
Santi Viriyarungsarit, editor-in-chief of Money & Banking Magazine, the SET Awards co-host, said: “Listed companies, securities firms, and asset management companies have clearly shown that they are ready to become role models and leaders in the region. As SET Awards co-host, we are proud to see the awardees developing dynamically and moving to the forefront of the capital market,”
“The next year of SET Awards should be a great challenge, because all parties involved in the SET Awards contest, including all listed firms, are committed to lift the quality of companies to the next level in order to cope with the fierce competition that is coming soon,” Santi added.
Panas Simasathien, chairman of the SET Awards 2013 Distinguished Judging Committee, said: "Selecting winners is more complicated and difficult every year, and the judges had a very difficult task in selecting from among so many excellent candidates. All members of the committee are proud that the SET Awards has inspired all listed companies and their executives to sustainably develop the quality of their business, thus strengthening the Thai capital market and economy as a whole.”
The List of Winners of SET Awards 2013
SET Award of Honor for 2013
For Continuous Excellence in 2008-2013
§ In Corporate Governance Report: The Bangchak Petroleum pcl (BCP)
KASIKORNBANK pcl (KBANK)
§ In Corporate Social Responsibility: The Bangchak Petroleum pcl (BCP)
The Siam Cement pcl (SCC)
For Continuous Excellence in 2009-2013
§ In Corporate Governance Report: Krung Thai Bank pcl (KTB)
Somboon Advance Technology pcl (SAT)
SE-EDUCATION pcl (SE-ED)
For Continuous Excellence in 2010-2013
§ In Corporate Governance Report: Kiatnakin Bank pcl (KKP)
The Siam Commercial Bank pcl (SCB)
§ Securities Company: Institutional investors Credit Suisse Securities (Thailand) Limited (CS)
For Continuous Excellence in 2011-2013
§ In Corporate Governance Report: Bank of Ayudhya pcl (BAY)
Central Pattana pcl (CPN)
Electricity Generating pcl (EGCO)
PTT Exploration and Production pcl (PTTEP)
TISCO Financial Group pcl (TISCO)
§ In Corporate Social Responsibility: PTT pcl (PTT)
Somboon Advance Technology pcl (SAT)
§ Securities Company: Derivatives House MTS Gold Futures Company Limited (MTSGF)
SET Awards 2013
1. Best CEO Awards
§ Best CEO Award: CEO of Company listed on SET
Mr. Thongma Vijitpongpun
Chairman of Executive Committee and Chief Executive Officer
Pruksa Real Estate pcl (PS)
§ Best CEO Award: CEO of Company listed on mai
Mr. Viroj Phonprakit
Chief Executive Officer
Jubilee Enterprise pcl (JUBILE)
2. Best Company Performance Awards
§ SET market capitalization of over THB50 bln.: Shin Corporation pcl (INTUCH)
§ SET market capitalization of THB20 bln. - THB50 bln.: Pruksa Real Estate pcl (PS)
§ SET market capitalization of THB10 bln. - THB20 bln..: Thai Vegetable Oil pcl (TVO)
§ SET market capitalization of THB2 bln. - THB10 bln: Thai Rung Union Car pcl (TRU)
§ SET market capitalization of less than THB2 bln.: Southern Concrete Pile pcl (SCP)
§ Company listed on mai: Master Ad pcl (MACO)
3. Top Corporate Governance Report Awards
§ Companies listed on SET:
Airports of Thailand pcl (AOT)
Banpu pcl (BANPU)
Diamond Building Products pcl (DRT)
MCOT pcl (MCOT)
PTT pcl (PTT)
Samart Corporation pcl (SAMART)
Samart Telcoms pcl (SAMTEL)
SC Asset Corporation pcl (SC)
SIS Distribution (Thailand) pcl (SIS)
Thai Oil pcl (TOP)
§ Companies listed on mai:
Phol Dhanya pcl (PHOL)
TRC Construction pcl (TRC)
4. Best Investor Relations Awards
§ SET market capitalization of over THB50 bln: Advanced Info Service pcl (ADVANC)
§ SET market capitalization of THB20 bln. - THB50 bln: The Bangchak Petroleum pcl (BCP)
§ SET market capitalization of THB10 bln. - THB20 bln: Precious Shipping pcl (PSL)
§ SET market capitalization of THB2 bln. - THB10 bln: The Erawan Group pcl (ERW)
§ SET market capitalization of less than THB2 bln: Thai Optical Group pcl (TOG)
§ Company listed on mai: Jubilee Enterprise pcl (JUBILE)
5. Best Corporate Social Responsibility Awards
§ SET market capitalization of over THB50 bln: Thai Oil pcl (TOP)
§ SET market capitalization of THB20 bln. - THB50 bln: -No Award was given-
§ SET market capitalization of THB10 bln. - THB20 bln: -No Award was given-
§ SET market capitalization of THB2 bln. - THB10 bln: Bangkok Metro pcl (BMCL)
§ SET market capitalization of less than THB2 bln: Thai Optical Group pcl (TOG)
§ Company listed on mai: -No Award was given-
6. Best Securities Company Awards and Best Derivatives House Award
§ Securities Company for Institutional investors: KASIKORN Securities pcl (KSMACQ)
§ Securities Company for Retail investors: KASIKORN Securities pcl (KSMACQ)
§ Best Derivatives House Award: KT Zmico Securities Company Limited (KTZ)
7. Best Asset Management Company Award
§ BBL Asset Management Company Limited (BBLAM)
The SET Awards 2013 ceremony will be on November 20, under the concept "The Era of Growth". To celebrate the SET Awards’ 10th anniversary, SET and Money & Banking Magazine will distribute books to commemorate the decade-long journey of SET Awards, including interviews with past award winners.
*Thai stock index falls 7.63 points or 0.54% to close at 1,404.81 value Bt41,697 mln
As of 20 November 2013 Unit: M.Baht
Type Buy Sell Net
Institution 2,385.95 4,157.22 -1,771.27
Proprietary 5,175.98 4,412.04 763.94
Foreign 9,925.54 13,944.16 -4,018.62
Individual 24,209.80 19,183.85 5,025.96
Total Trading Value 41,697.27 M.Baht
Vietnam's benchmark VN Index edged up 0.16 percent to close at 505.52 points as investors restructured their portfolios, boosting liquidity,
analysts said on Wednesday.
Sentiment has improved also ahead of a potential increase in foreign ownership, so money stayed in the share market, reflected by high trading volume in recent sessions, Doan Minh Quan at ACB Securities said.
Volume rose nearly 13 percent to 107.2 million shares on Wednesday.
Investors were net buyers of shares in banks and real estate firms while they sold more dairy stocks than what they bought in the company.
Shares of Ho Chi Minh City-based Sacombank advanced 1.72 percent and real estate firm Tan Tao Investment and Industry Corp rose 4.69 percent.
Dairy product maker Vinamilk lost 0.7 percent.
Here is a snapshot of the VN Index
VN Index 505.52
PREV. CLOSE 504.71
% CHANGE 0.16%
Southeast Asian stocks mostly ended lower on Wednesday, with the typhoon-struck Philippines extending losses to a two-month low while Indonesia ended two sessions of gains as state-owned banks were hit by plans for lower dividend payouts.
The Philippine main index fell for a third session, down 1.8 percent at 6,155.34, the lowest close since Sept. 13, amid selling in shares of typhoon-hit firms such as Energy Development Corp.
Jakarta's Composite Index slid 1.1 percent, coming off a one-week closing high hit in the previous session, with foreign investors selling shares worth a net 197,240 million rupiah ($17 million).
Shares of state-owned Bank Negara Indonesia were down 2.2 percent while Bank Rakyat Indonesia fell 1.9 percent, underperforming the broader banking index which fell 1.1 percent.
A local newspaper reported that Indonesia's ministry of state-owned enterprise has proposed dividend payout ratios for state-owned banks in 2013 at 20-25 percent, lower than the previous level of 30 percent, according to Bahana Securities research report.
Thai stocks eased 0.5 percent to a one-week closing low, erasing some earlier losses, as a Constitutional Court ruling to stop the government amending the constitution was seen easing political tension.
Malaysia edged down 0.5 percent, bouncing off its intra-day low after rating agency Moody's Investor Service changed the outlook for Malaysia's A3 rating to positive from stable.
Stocks in Vietnam ended a tad higher after falling in early hours of trading while the Singapore index edged down 0.3 percent amid weakness in global shares.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 407.33 410.60 -0.80
Singapore 3184.23 3192.08 -0.25
Kuala Lumpur 1798.69 1807.16 -0.47
Bangkok 1404.81 1412.44 -0.54
Jakarta 4350.79 4398.34 -1.08
Manila 6155.34 6267.85 -1.80
Ho Chi Minh 505.52 504.71 +0.16
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