ASEAN KEY DESTINATIONS
25 November 2014
The Straits Times Index (STI) ended +4.46 points higher or +0.13% to 3344.99, taking the year-to-date performance to +5.69%.
The FTSE ST Mid Cap Index gained +0.21% while the FTSE ST Small Cap Index declined -0.47%. The top active stocks were SingTel (+0.26%), Olam Intl (-2.27%), DBS (+0.20%), ComfortDelGro (-2.71%) and CapitaLand (+0.30%).
The outperforming sectors today were represented by the FTSE ST Technology Index (+1.14%). The two biggest stocks of the FTSE ST Technology Index are Silverlake Axis (+2.40%) and STATS ChipPAC (-1.11%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -0.84% with Midas Holdings’ share price declining -1.70% and Geo Energy Resources’ share price unchanged.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (-0.77%), SPDR Gold Shares (+0.43%), STI ETF (unchanged).
The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (+1.58%), Ascendas REIT (+1.76%), CapitaMall Trust (+0.25%).
The most active index warrants by value today were HSI23800MBeCW141230 (unchanged), HSI23600MBePW141230 (-3.23%), HSI24400MBeCW141230 (unchanged).
The most active stock warrants by value today were DBS MB eCW150602 (-2.96%), OCBC Bk MBeCW150413 (+1.08%), UOB MB eCW150415 (+6.25%).
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Singapore Stock Market
*ST Index 3,344.99 +4.46 3,340.53 -4.79
Volume: 1,775M 1,479.8M
Value: $1,833.5M $1,065.9M
Gainers/Losers: 172/233 224/187
Daily Market Commentary (Securities)
25 Nov 2014
The FBM KLCI index gained 4.79 points or 0.26% on Tuesday. The Finance Index increased 0.16% to 16311.95 points, the Properties Index up 0.09% to 1409.55 points and the Plantation Index rose 0.31% to 8358.48 points. The market traded within a range of 13.07 points between an intra-day high of 1843.55 and a low of 1830.48 during the session.
Actively traded stocks include MINETEC, SONA-WA, MOVAMSC, MMCCORP, FRONTKN, BJCORP, PASUKGB, NEXGRAM, PSIPTEK and SONA. Trading volume decreased to 2091.17 mil shares worth RM2462.91 mil as compared to Monday’s 2241.90 mil shares worth RM1915.32 mil.
Leading Movers were PETGAS (+74 sen to RM22.56), ASTRO (+11 sen to RM3.50), DIGI (+20 sen to RM6.39), BAT (+186 sen to RM69.66) and FGV (+9 sen to RM3.51). Lagging Movers were GENTING (-41 sen to RM9.09), PETDAG (-50 sen to RM16.94), GENM (-7 sen to RM4.12), RHBCAP (-13 sen to RM8.11) and HLFG (-22 sen to RM18.12). Market breadth was negative with 308 gainers as compared to 476 losers.
The KLCI ended 4.79 points higher to close at 1838.56, buoyed by buying interests in Petronas-linked and banking counters. Investors’ sentiment remained upbeat following positive economic data from Germany and after European Central Bank decided to add stimulus to Euro Zone, as well as China’s rate cut which was announced earlier.
Date As of: 25 November 2014
Description Volume Value Frequency
Total 6,834,947,267 6,361,921,450,706 226,660
ETF 15,000 10,556,900 47
Stock 6,795,946,260 6,360,945,776,401 225,879
Warrant 38,986,007 965,117,405 734
Thai bourse to list Muangthai Leasing on Nov 26
BANGKOK, November 25, 2014 -The Stock Exchange of Thailand (SET) will list Muangthai Leasing pcl, vehicle title loan and personal loan to individuals through its branches, on November 26, under the ticker symbol "MTLS" in the Finance & Securities sector. The company has a market capitalization at its initial public offering (IPO) of THB 11.66 billion (approx. USD 353.3 million).
SET Executive Vice President Chanitr Charnchainarong said, "MTLS is Thailand's top loan provider offering vehicle title loans for various types of vehicle including motorcycle, automobile, agricultural vehicle, personal loan for existing customers with good payment record and insurance brokerage services through their 454 branches nationwide."
MTLS has a paid-up registered capital of THB 2.12 billion; consisting of 1,575 million existing common shares and 545 million newly issued shares, with a par value of THB 1 each. During November 19-21, the company offered 42.5 million newly issued shares to its executives, directors and employees and 502.5 million shares to the general public via IPO at THB 5.5 each, for a total of THB 3.0 billion. Finansia Syrus Securities pcl is its financial advisor and underwriter.
MTLS Chief Executive Officer Chuchart Petaumpai said the company plans to expand its services to cover all regions in Thailand; fund raised will be used for business expansion, working capital, and partially paid back to lenders. Listing on SET will enhance the company's financial strength and sustainable growth, while generating continuous returns for shareholders.
MTLS's three major shareholders after the IPO are Petaumpai family, consisting of Chuchart and Daonapa Petaumpai (66.27 percent), Wasin Dechkijvigrom (3.07 percent) and Sorrachai Dechkijvigrom (3.07 percent). The IPO price was equivalent to price per earnings ratio (P/E ratio) of 22.23 times. MTLS's P/E ratio was calculated by using the company's net profit in the past four quarters (Q4 2013 - Q3 2014) divided by fully diluted shares, representing earnings per share of THB 0.25. The SET average P/E ratio is 18.67 (from November 18, 2013 to November 17, 2014.) Dividend policy is to pay no less than 50 percent of net profits from standalone financial statement after taxes and reserves.
For more information on MLTS, please see the company's prospectus at the Securities and Exchange Commission's website at www.sec.or.th and general information at the company's website at www.muangthaileasing.co.th , as well as www.set.or.th .
As of 25 November 2014 Unit: M.Baht
Type Buy Sell Net
Institution 3,558.54 4,128.78 -570.24
Proprietary 4,742.67 3,591.46 1,151.21
Foreign 22,241.88 20,981.40 1,260.49
Individual 33,738.76 35,580.21 -1,841.46
Total Trading Value 64,281.85 M.Baht
Vietnam index rises from 1-mth low, caution extends
Vietnam's benchmark VN Index bounced back 0.58 percent from its lowest close in almost a month to end on Tuesday on bargain hunting, but a low volume showed cautious sentiment dragging following a limit on stock investment loans.
Food producer Masan Group Corp led the gainers to climb 3.77 percent, followed by property firm Vingroup with a 2.71-percent advance.
"It's a technical rebound today from the 580-point support level," said a trader with Ho Chi Minh City Securities, adding that the market has yet to recover from recent falls as selling near the session close was strong.
A total of 114 million shares changed hand, compared with the five-day average of 141 million.
The index dropped 0.94 percent on Monday to touch its lowest close since Oct. 27, following a central bank's announcement of a cap on loans for share investment and requirements for banks to provide the credit.
Here is a snapshot of the VN Index at the close
VN Index 585.91
PREV. CLOSE 582.53
% CHANGE 0.58%
SE Asia Stocks - Mixed; Malaysia at 3-week high
Thailand stocks rose for a third straight session on Tuesday while Malaysian stocks rose to their highest in nearly three weeks on a government decision to abolish fuel subsidies.
Other Southeast Asian stock markets ended mixed amid waning optimism over China's rate cut.
Thailand's SET index gained 0.4 percent to its highest close since Sept. 26, led by a 2.32 percent gain in top oil firm PTT ahead of a landmark meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna on Thursday.
Bangkok saw a net foreign inflow of $38.43 million on Tuesday, while Jakarta saw net foreign buying of $32.06 million.
The Malaysian index ended up 0.3 percent to its highest close since Nov. 5, on hope that the government decision to scrap subsidies for petrol and diesel from next week would help boost the country's budget deficit.
Also, the IMF said it projected the budget deficit could decline below 3 percent of GDP in 2015 with the fuel subsidy removal. ID:nL3N0TE3YY
Southeast Asian stocks were buoyed on Monday after the People's Bank of China cut its benchmark interest rates for the first time in more than two years on Friday to lower borrowing costs and lift a cooling economy that is on track for its slackest annual growth in 24 years.
"Rate cut of China was little bit optimistic, but it has now been factored in," said Song Seng Wun, an economist with Singapore-based CIMB. "But the focus is on whether there will be a rebound in oil prices."
Singapore's Straits Times Index rose 0.1 percent while Vietnam's benchmark VN Index gained 0.6 percent on bargain hunting, recovering from its lowest close in almost a month hit in the previous session.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3344.99 3340.53 +0.13
Kuala Lumpur 1838.56 1833.77 +0.26
Bangkok 1596.80 1590.14 +0.42
Jakarta 5118.95 5141.76 -0.44
Manila 7286.85 7325.13 -0.52
Ho Chi Minh 585.91 582.53 +0.58