ASEAN KEY DESTINATIONS
26 November 2015
The Straits Times Index (STI) ended 6.89 points or 0.24% lower to 2884.69, taking the year-to-date performance to -14.28%.
The top active stocks today were OCBC Bank, which declined 0.91%, SingTel, which gained 0.26%, UOB, which declined 1.79%, DBS, which declined 0.36% and Global Logistic, with a 1.91% fall.
The FTSE ST Mid Cap Index declined 0.05%, while the FTSE ST Small Cap Index declined 0.84%.
The outperforming sectors today were represented by the FTSE ST Telecommunications Index, which rose 0.34%. The two biggest stocks of the Index - SingTel and StarHub – ended 0.26% higher and 1.09% higher respectively.
The underperforming sector was the FTSE ST Utilities Index, which slipped 0.69%. China Everbright Water shares rose 4.48% and SIIC Environment Holdings declined 1.29%.
The three most active Exchange Traded Funds (ETFs) by value today were:
Sti Etf (unchanged)
Dbxt Msci Indonesia Etf 10 (+0.86%)
Spdr Gold Shares (-0.50%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Ascendas Reit (+3.49%)
Capitamall Trust (+1.60%)
Suntec Reit (-0.33%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
UOB MB eCW160404 (-12.12%)
KepCorp MBeCW160601A (-1.45%)
DBS MB eCW160404 (-7.90%)
Singapore Stock Market
*ST Index 2,884.69 -6.89 2,891.58 -31.91
Volume: 977M 984.7M
Value: $1,005.8M $1,050.9M
Gainers/Losers: 163/222 166/249
Daily Market Commentary (Securities)
26 November 2015
The FBM KLCI index lost 1.33 points or 0.08% on Thursday. The Finance Index increased 0.05% to 14138.02 points, the Properties Index up 0.06% to 1193.05 points and the Plantation Index down 0.09% to 7513.83 points. The market traded within a range of 14.12 points between an intra-day high of 1688.79 and a low of 1674.67 during the session.
Actively traded stocks include BORNOIL, KNM, INGENCO, INSTACO, DPS, KTC, SUMATEC, FRONTKN, HIBISCS and RGB. Trading volume decreased to 2332.20 mil shares worth RM1966.90 mil as compared to Wednesday’s 2768.20 mil shares worth RM2369.23 mil.
Leading Movers were SKPETRO (+3 sen to RM2.23), UMW (+8 sen to RM8.28), MAYBANK (+7 sen to RM8.48), RHBCAP (+4 sen to RM5.59) and ASTRO (+2 sen to RM2.92). Lagging Movers were CIMB (-10 sen to RM4.50), GENM (-7 sen to RM4.31), PETCHEM (-8 sen to RM6.84), KLK (-12 sen to RM22.66) and GENTING (-3 sen to RM7.30). Market breadth was negative with 425 gainers as compared to 439 losers.
The KLCI halted its winning streak and closed lower at 1683.09 points amid overnight’s mixed performance in US markets. The performance of our local bourse was limited as profit taking kicked in following the rally in the past three days.
Date As of: 26 November 2015
Description Volume Value Frequency
ETF 142,500 117,256,900 19
Stock 4,432,893,802 4,794,235,942,717 225,063
Warrant 4,317,100 52,750,400 105
Total 4,437,353,402 4,794,405,950,017 225,187
Thai bourse welcomes TLHPF property fund on November 27
BANGKOK, November 26, 2015 - The Stock Exchange of Thailand (SET) will list Thailand Hospitality Property Fund, a property fund invested in land and building of PP Holiday Inn Resort, located on PP Island, Krabi, in the southern province of Thailand, with market capitalization of THB 1.72 billion (approx. USD 47.8 million), on its main board on November 27, under the ticker symbol "TLHPF”.
SET Executive Vice President Santi Kiranand said that TLHPF would be listed and start trading on SET in the Property Fund & REIT sector of the Property & Construction industry on November 27, being the last property fund to be listed on SET following the SEC’s regulation to substitute “property fund” in Thailand with Real Estate Investment Trust.
TLHPF sold 172 million units to the general public at THB 10 per unit, a total worth 1.72 billion, during October 9-27, having One Asset Management Limited as fund manager.
TLHPF has invested in freehold rights of land and building of PP Holiday Inn Resort in Krabi, consisting of 85 villas (128 rooms), utilities including related facilities and services. PP Holiday Inn Resort Krabi, under the management of Holiday Inns (Thailand) Ltd., a subsidiary of the InterContinental Hotels Group (IHG), has an average occupancy of more than 80 percent per year.
One Asset Management Chief Executive Officer Win Udomrachtavanich said that TLHPF’s investment in PP Holiday Inn Resort Krabi, a popular four-star hotel, could generate stable income from its long-term rental contracts by its clients, with a fixed rental rate at THB 136 million in the first three years, with renewable 3-year contract for 4 times , totaling 15 years. The rental fees would be raised every three years, and the asset value was expected to grow in the future, as such providing good returns for the trust unit holders in the long run.
TLHPF is a specific closed-ended fund with no maturity. Its dividend policy is to pay at least once a year, at no less than 90 percent of adjusted net profit of its financial year. The fund's top three unit holders after its IPOs are Phi Phi Holiday Co., Ltd. (25.00 percent), Social Security Office (25.00 percent) and Muang Thai Life Assurance pcl for Takaful PSA 1 (8.72 percent).
Thai bourse to hold first charity mini marathon “SET Bull Run” in Feb 2016
BANGKOK, November 26, 2015 - The Stock Exchange of Thailand (SET) has joined hands with both private and public entities in the financial market to organize the unique "SET Bull Run" charity mini marathon, the first time ever for the Thai capital market, initiating new running route on Ratchadapisek Road in the rim of downtown Bangkok, on Sunday February 28, 2016, from 5-9 a.m.
This marathon will be organized under the concept “Power of the Bull”, with an aim to enhance healthy lifestyle of the Thai people. All fundraising from application fee (without expense deduction) will be donated to the Thai Red Cross Society. Participation from the public is welcome and can apply now via www.setbullrun.com.
SET President Kesara Manchusree said, "This collaboration is a flagship event by SET and other capital market organizations namely the Federation of Thai Capital Market Organizations (FETCO), Thai Listed Companies Association (TLCA), Association of Thai Securities Companies (ASCO), the Association of Investment Management Companies (AIMC), and mai Listed Companies Association (maiA). The marathon starts and finishes at SET’s new building on Ratchadapisek road, near The Embassy of the People's Republic of China.”
“The “Power of the Bull’ concept of this mini marathon represents the “bull” market condition in the upward trend, which could be compared to the power of the runners who are enthusiastic to achieve their set targets. The ‘SET Bull Run’ aims to support the society and promote healthy lifestyle of the Thai people, expecting to draw a large number of participants from capital market professionals, investors, professional and amateur runners, and the general public,” added Kesara.
FETCO Chairwoman and AIMC Chairwoman Vorawan Tarapoom said, “The ‘SET Bull Run’ event is a phenomenal as it will truly reflect the synergy and unity of professionals in the Thai capital market and stakeholders, while embracing general public’s engagement to the Thai capital market, an engine in driving the Thai economy for over 40 years.”
ASCO Chairwoman Pattera Dilokrungthirapop said, “SET and securities companies have frequently organized social-related and sports competitions, such as soccer, badminton, table tennis and others, in order to strengthen relationship and promote health among employees and the public as a whole. This time, Thai securities companies express the spirit of unity again in the “SET Bull Run,” and I would like to invite investors to join this charity sport event.”
TLCA Chairman Surong Bulakul said, “From past to present, as always, the Thai capital market alliances have joined forces to strengthen our social responsibility commitment such as the annual anti-corruption campaign, the joint flood victims aid project, and many more. The ‘SET Bull Run’ event is another dynamic joint-project to support and benefit the society in upgrading the quality of life of the Thai people via running.”’
maiA Secretary General Charnkrij Dejvitak said, “The ‘SET Bull Run’ will be an important event that can generate participation of executives, professionals and employees of mai-listed firms, expressing the power, synergy and spirit of the Thai capital market where we belong to.”
The event is unique as it will be the unprecedented mini-marathon with running route on Ratchadapisek road passing inside two tunnels. All runners will receive limited edition “Newton” brand t-shirt, in recognition of their travel. Timings for runners will be recorded using a chip timing system and runners will receive their photos as special gifts. In addition, the “SET Bull Run” will be the first marathon in Thailand to offer an accident insurance coverage for all runners, free-of-charge.
As of 26 November 2015 Unit: M.Baht
Type Buy Sell Net
Institution 2,536.27 4,102.11 -1,565.84
Proprietary 4,849.77 4,400.86 448.91
Foreign 7,091.23 7,487.02 -395.79
Individual 19,199.52 17,686.80 1,512.72
Total Trading Value 33,676.79 M.Baht
Vietnam index dips 0.9 pct, dragged by Vinamilk, banks
Vietnam's benchmark VN Index .VNI ended down 0.9 percent on Thursday as investors sold blue chips after their recent gains, including top listed firm Vinamilk VNM.HM and banks.
Dairy products maker Vinamilk closed down 1.6 percent at 123,000 dong ($5.47). The stock hit a record high of 140,000 dong on Nov. 16, having gained 37 percent since Oct. 13 mainly due to a state share sales plan.
Four of the country's six listed banks also fell, including Vietcombank VCB.HM , the biggest listed lender that slid 1.3 percent.
A total of 157.76 million shares changed hand, above the five-day average of 153.04 million shares.
Here is a snapshot of the VN Index .VNI at midday/the close
VN Index 590.40
PREV. CLOSE 595.70
% CHANGE -0.89%
SE Asia Stocks-Most fall; Thai telecoms shares weak
Most Southeast Asian stock markets fell on Thursday as investors cut risk holdings ahead of a public holiday in the United States, with late selling in telecoms shares sending the Thai benchmark to a near two-month closing low.
Thailand's key SET index .SETI declined 1.1 percent to its lowest close since Oct. 5. Shares of mobile phone firm Advanced Info Service ADVANC.BK dropped 3.2 percent and True Corporation TRUE.BK shed 1.8 percent, among actively traded.
Concerns about recent high bidding price for 4G mobile licences have kept telecoms shares under selling pressure, brokers said.
Investors slowed their investments in most markets ahead of the U.S. Thanksgiving holiday on Thursday, according to brokers. U.S. markets will be closed on Thursday and most of Friday afternoon.
Malaysia .KLSE finished slightly lower after five sessions of gains. Vietnam .VNI ended down 0.9 percent as investors sold blue chips after their recent gains.
Indonesia .JKSE and the Philippines .PSI both posted modest gains, with foreigners buying shares worth a net 350 billion rupiah ($25.50 million) and 145 million peso ($3.08 million), respectively.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 2884.69 2891.58 -0.24
Kuala Lumpur 1683.09 1684.42 -0.08
Bangkok 1365.81 1381.46 -1.13
Jakarta 4597.06 4585.54 +0.25
Manila 7063.25 7059.14 +0.06
Ho Chi Minh 590.40 595.70 -0.89