ASEAN KEY DESTINATIONS
22 November 2013
The Straits Times Index (STI) ended 0.47 points higher or +0.01% to 3,172.85, taking the year-to-date performance to +0.18%.
The FTSE ST Mid Cap Index gained +0.02% while the FTSE ST Small Cap Index declined -0.06%. The top active stocks were SingTel (-0.54%), Keppel Corporation (+0.45%), UOB (unchanged), DBS (+0.59%) and Suntec REIT (unchanged).
The outperforming sectors today were represented by the FTSE ST Health Care Index (+2.09%). The two biggest stocks of the FTSE ST Health Care Index are Biosensors International Group (+4.26%) and Raffles Medical Group (-0.32%).
The underperforming sector was the FTSE ST Industrials Index, which declined -0.63% with Jardine Matheson Holdings’ share price declining -1.85% and Jardine Strategic Holdings’ share price declining -1.53%. The FTSE ST Consumer Goods Index gained +0.64% while the FTSE ST Technology Index gained +0.70%.
The three most active Exchange Traded Funds (ETFs) by value today were the iShares MSCI India (-0.89%), SPDR STI ETF (-0.31%) and DBXT CSI300 (+0.53%).
The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (unchanged), Lippo Malls Indonesia Retail Trust (-4.65%) and Ascendas REIT (unchanged).
The most active index warrants by value today were HSI23600MBeCW131230 (+9.32%), HSI23400MBePW131230 (-10.00%) and HSI22800MBePW131230 (-12.73%).
The most active stock warrants by value today were KepCorp MBeCW140203 (+4.35%), DBS MB eCW140204 (+8.60%) and UOB MB eCW140303 (-0.63%).
Singapore Stock Market
*ST Index 3,172.85 +0.47 3,172.38 -11.85
Volume: 1,229.8M 1,440.6M
Value: $771.6M $948.3M
Gainers/Losers: 185/188 136/271
Daily Market Commentary (Securities)
22 Nov 2013
The FBM KLCI index lost 0.13 points or 0.01% on Friday. The Finance Index increased 0.23% to 16444.24 points, the Properties Index up 0.21% to 1279.32 points and the Plantation Index down 0.10% to 8807.23 points. The market traded within a range of 4.44 points between an intra-day high of 1795.75 and a low of 1791.31 during the session.
Actively traded stocks include SUMATEC, SUMATEC-WB, MAS, CSL, INSAS , TIGER, SOLUTN, DSCSOL, PATIMAS and YTLPOWR. Trading volume decreased to 1502.32 mil shares worth RM1690.98 mil as compared to Thursday’s 2316.91 mil shares worth RM2109.67 mil.
Leading Movers were MISC (+7 sen to RM5.48), CIMB (+4 sen to RM7.44), MAYBANK (+4 sen to RM9.59), PPB (+2 sen to RM14.68) and ASTRO (+2 sen to RM2.92). Lagging Movers were PETDAG (-24 sen to RM30.28), UMW (-20 sen to RM12.42), KLK (-20 sen to RM23.68), PETGAS (-16 sen to RM23.54) and GENTING (-16 sen to RM10.02). Market breadth was positive with 416 gainers as compared to 324 losers.
The KLCI ended at 1794.52 points on the last trading day of the week. Investors were staying on the sideline ahead of the weekend, as the market was lack of fresh leads. Meanwhile, Puncak Niaga was in the limelight as the Selangor government maintained its latest offer to consolidate the water assets in the state.
Thai bourse welcomes car shipping operator Namyong Terminal
BANGKOK, November 22, 2013 - The Stock Exchange of Thailand (SET) welcomes Namyong Terminal pcl on its main board, listing in the Transportation and
Logistics sector on November 25 under the ticker symbol "NYT," with market capitalization of THB 7.38 billion (approx. USD 234 million) after IPO.
SET Executive Vice President Chanitr Charnchainarong reported that NYT is a marine terminal offering full-range services for auto imports and exports at
pier A5, Laem Chabang Port, Si Racha, Chonburi?which is Thailand's main deep sea port, located near the country's automotive production base. The company's
services include marine transportation, cargo and warehouse, shipping services as well as other marine transportation related services.
NYT's paid-up registered capital is THB 620 million; consists of 414.50 million existing and 205.50 million newly-issued shares, with a par value of THB 1.00.
The company offered the newly-issued shares to the general public at THB 11.90 per share during November 13-15, for a total of THB 2.45 billion. Tisco
Securities Co., Ltd. is the company's financial advisor and their lead underwriter.
Thepparak Luangsuwan, NYT's CEO said, "IPO proceeds will be used to repay financial institutions in order to reduce the company's financial costs, to facilitate business expansion, and retained as working capital. In addition, NYT together with NYK company group, the world's leading marine transporter; invest in Laem Chabang International Ro-Ro Terminal Ltd. at Pier C0. Thailand's automotive industry is expected to continually grow, since the Thai government is promoting Thailand as Asia's automotive production center."
NYT's three major shareholders after the IPO are Nam Yuen Yong Shipping Co.,Ltd
(20.32%), Noree Suksawat (20.05%) and Thepparak Luangsuwan (15.62%). The IPO price was determined by the book-building method. NYT has a price-to-earnings ratio of 20.35 times, calculated using net profits over the past 12 months (July 1, 2012 - June 30, 2013), and divided by the number of fully-diluted shares, resulting in earnings per share of THB 0.58. Their dividend policy is to pay no less than 40 percent of net profits after taxes and reserves.
As of 22 November 2013 Unit: M.Baht
Type Buy Sell Net
Institution 2,693.11 6,110.01 -3,416.90
Proprietary 3,536.39 4,676.05 -1,139.66
Foreign 8,070.23 10,474.19 -2,403.95
Individual 20,375.75 13,415.24 6,960.51
Total Trading Value 34,675.48 M.Baht
Vietnam's benchmark VN Index ended 0.42 percent up at 505.64 points on Friday as investors bought cheap shares, analysts said.
Investors picked up stocks that fell due to profit taking in the previous session, especially those in the real estate sector, analyst Pham Van Khoa at Bao Viet Securities said.
"Sentiment must have been improved because the index would have dropped deeper after a fall in such a record-high volume on Thursday," Khoa said.
The index would rise for several more days, should no negative news emerge, but it could face strong corrections later next week, Khoa added.
Shares in PetroVietNam Gas, the country's largest listed firm, led the gain, advancing 0.78 percent, followed by Petrovietnam Drilling and Well Services Co that rose 2.29 percent.
Here is a snapshot of the VN Index at the close
VN Index 505.64
PREV. CLOSE 503.54
% CHANGE 0.42%
Thai stocks closed at a 11-week low on Friday, on concerns over domestic political uncertainty while other Southeast Asian markets recouped some early losses in thin trade amid caution about the prospect of a stimulus cut in the U.S.
The Thai SET index fell for a fourth day, down 1.2 percent at 1,359.07, the lowest close since Sept. 6. It lost 4.3 percent on the week, its worst weekly fall since Sept. 27 and a year-to-date loss of 2.4 percent, making it Asia's third worst performer.
Foreign investors sold a net 2.4 billion baht ($75.48 million) on Friday, taking their net withdrawal so far this month to $983 million.
Regional indexes came off intraday lows amid late rebounds in regional large-cap shares such as Metropolitan Bank & Trust Co., DBS Group Holdings, CIMB Group Holdings and Semen Indonesia.
The Philippine stock market, plagued by concerns about the impact of Typhoon Haiyan, finished down 0.6 percent on the day
and ended the week 4.1 percent lower, its biggest weekly loss since Aug. 23.
The region saw mixed performances on the week, with Singapore down 0.9 percent, reversing the gain on the previous week, and Indonesia falling 0.4 percent, a second week of losses.
Stocks in Malaysia gained 0.3 percent on the week after three weeks of falls while Vietnam rose 0.9 percent, a third week of gains.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 400.03 401.81 +0.44
Singapore 3172.85 3172.38 +0.01
Kuala Lumpur 1794.52 1794.65 -0.01
Bangkok 1359.07 1375.86 -1.22
Jakarta 4317.96 4326.21 -0.19
Manila 6084.84 6122.89 -0.62
Ho Chi Minh 505.64 503.54 +0.42
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