ASEAN KEY DESTINATIONS
05 November 2014
The Straits Times Index (STI) ended +5.97 points higher or +0.18% to 3287.54, taking the year-to-date performance to +3.88%.
The FTSE ST Mid Cap Index declined -0.15% while the FTSE ST Small Cap Index declined -0.41%. The top active stocks were SingTel (+0.27%), DBS (+1.32%), UOB (+0.95%), Genting Sing (-2.77%) and Global Logistic (unchanged).
The outperforming sectors today were represented by the FTSE ST Health Care Index (+0.70%). The two biggest stocks of the FTSE ST Health Care Index are Raffles Medical Group (+4.71%) and Biosensors International Group (unchanged). The underperforming sector was the FTSE ST Technology Index, which declined -1.14% with Silverlake Axis’s share price gaining +0.37% and STATS ChipPAC’s share price unchanged. The FTSE ST Consumer Services Index declined -0.53%. The FTSE ST Real Estate Index declined -0.06%. The FTSE ST Utilities Index declined -0.17%.
The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (-1.34%), Lyxor Hang Seng Index Fund (-0.66%), IS MSCI India (-0.52%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (unchanged), CapitaCom Trust (unchanged), CapitaMall Trust (-0.51%).
The most active index warrants by value today were HSI24200MBeCW141127 (-22.22%), HSI23600MBeCW141127 (-10.00%), HSI23400MBePW141127 (+6.06%).
The most active stock warrants by value today were UOB MB eCW150302 (+9.52%), DBS MB eCW150106 (+13.28%), OCBC Bk MBeCW150302 (+3.61%).
*Please note that the Consumer Services, Real Estate and Utilities sectors will be the focus of SGX My Gateway Educational events in 3Q14.
Singapore Exchange has introduced My Gateway to meet increasing investor interest for more investment knowledge and education. My Gateway provides one-stop access to market updates, video clips on investment products, information on seminars and courses as well as other resources. Click here for My Gateway.
Singapore Stock Market
*ST Index 3,287.54 +5.97 3,281.57 -9.27
Volume: 857.4M 1,888.7M
Value: $760.6M $1,007.1M
Gainers/Losers: 148/221 177/251
Daily Market Commentary (Securities)
5 Nov 2014
The FBM KLCI index lost 8.07 points or 0.44% on Wednesday. The Finance Index fell 0.50% to 16644.29 points, the Properties Index dropped 0.84% to 1448.29 points and the Plantation Index rose 0.06% to 8488.04 points. The market traded within a range of 7.36 points between an intra-day high of 1845.08 and a low of 1837.72 during the session.
Actively traded stocks include MAS, EFFICEN, NEXGRAM, NIHSIN, ESCERAM, SKPETRO, JAG, CAREPLS-WA, ASIABIO-WA and IFCAMSC-WA. Trading volume increased to 2265.85 mil shares worth RM2019.47 mil as compared to Tuesday’s 1676.45 mil shares worth RM2141.77 mil.
Leading Movers were MISC (+15 sen to RM7.27), UMW (+18 sen to RM11.28), KLK (+34 sen to RM22.90), CIMB (+6 sen to RM6.41) and MAXIS (+5 sen to RM6.85). Lagging Movers were SKPETRO (-13 sen to RM3.14), PETDAG (-56 sen to RM19.94), PPB (-26 sen to RM15.52), AMMB (-10 sen to RM6.63) and TENAGA (-18 sen to RM13.46). Market breadth was negative with 251 gainers as compared to 576 losers.
The KLCI closed lower at 1839.29 points in line with overnight losses in US markets. Investors’ sentiment remained cautious following the plunge in oil prices to a three-year low and disappointing trade data by the US that signals a gradual economic slowdown.
Date As of: 05 November 2014
Description Volume Value Frequency
ETF 843,284,200 82,641,944,800 04
Stock 4,808,861,589 4,518,090,500,629 187,869
Warrant 34,765,200 1,276,153,500 659
Total 5,686,910,989 4,602,008,598,929 188,532
Thai bourse to list Buriram Sugar on November 6
BANGKOK, November 5, 2014 – The Stock Exchange of Thailand (SET) welcomes Buriram Sugar pcl, a holding company investing in sugar producer and by-products businesses, on its main board on November 6, under the ticker symbol "BRR", with a market capitalization at the initial public offering (IPO) price of THB 4.6 billion (approx. USD 142 million).
SET Executive Vice President Chanitr Charnchainarong said that BRR would be listed on SET’s Food and Beverage sector. It is a holding company that invests in Buriram Sugar Factory Co., Ltd, sugar producer and distributor, as its core company. BRR’s crushing capacity 17,000 tons cane per day of raw sugar and brown sugar. BRR also invests in other related businesses, consisting of Buriram Energy Co., Ltd., Buriram Power Co., Ltd. (bagasse-based electricity generation), Key Brand Fertilizer Co., Ltd., (fertilizer manufacturer) and Buriram Sugarcane Research and Development Co., Ltd., (an innovation in farming management through virtual farming system including developing real time farming database; thus, they could produce optimal yield)
BRR has a paid-up registered capital of THB 676.75 million, consisting of 507.57 million existing shares and 169.18 million newly-issued shares, with a par value of THB 1.00 each. The company offered the new shares through an IPO during October 29-31 at THB 6.80 per share for a total of THB 1.15 billion. KT Zmico Securities Co., Ltd. is the company's financial advisor and lead underwriter.
Anant Tangtongwechakit, BRR’s CEO said that the listing of BRR on SET would enhance the company’s image and financial strength. The fund raised would be used to expand sugar production capacity and sugar-related businesses for long-term sustainability. Moreover, BRR will strive toward excellence in business know-how and farming management to ensure raw materials security and better living conditions for sugarcane growers.
BRR's three major shareholders after the IPO are Tangtongwechakit family (74.31 percent), Yanyong Phanwongklom Group (2.95 percent) and Kaewkuar Group (0.60 percent). The IPO price was set up from book building process with a price-to-earnings ratio (P/E) of 73.44 times, calculated by using the net profit in the past four quarters (July 1, 2013 – June 30, 2014), divided by the number of fully-diluted shares, representing earnings per share of THB 0.09. BRR's dividend payment policy is no less than 50 percent of net profit after taxes and reserves.
For more information on BRR, please find the company's prospectus on the Securities and Exchange Commission's website at www.sec.or.th and general information on the company's website at www.buriramsugar.com , as well as www.set.or.th.
Thai bourse to hold SET in the City’s 10th anniversary
BANGKOK, November 5, 2014 – The Stock Exchange of Thailand (SET) organizes its 10th anniversary of SET in the City, holding the biggest investment fair in Bangkok during November 20-23 under the concept “The year of investment to change your life forever”. The four-day event will be full of seminars, workshops and meetings joined by over 100 leading financial firms to share investment expertise on equities, gold futures, mutual funds and insurance for investors and prospects at Paragon Hall, in the heart of Bangkok city.
SET President Kesara Manchusree said that SET in the City, initiated in 2002, would hold its 10th anniversary this year with an aim to continue expanding quality investor base, one of SET’s key missions. Throughout the past 10 years, the Thai capital market has proved its strong growth in several dimensions, such as the fourfold increase of investor accounts to over one million accounts this year, the fivefold surge of daily average trading value to THB 39.47 billion. In addition, market capitalization soared to THB 13.9 trillion, from THB 4.5 trillion, while the amount of mutual fund unit holders rose to 4 million accounts from less than 700,000 accounts in the past ten years with net asset value of THB 3.8 trillion at present. These were remarkable achievements of the capital market due to good collaboration and synergy of all parties in helping boosting investment expertise embracing the SET in the City fair as part of the success.
Under the “The year of investment to change your life forever” concept, the event is expected to inspire and motivate novice investors, enabling them to acquire financial planning that matches their lifestyle, utilizing the global financial situation updates, as well as getting advice from gurus via activities from 100 organizations.
To hold its 10th anniversary event this year and benefit investors through realistic and practical experiences, “The year of investment to change your life forever” has been designed to reflect the Thai capital market’s movements, exhibited by SET partners’ booths in three zones. These are Next Opportunity to provide intensive seminars from gurus on the capital market outlook, Next Change to update information and give financial advices, and New Experience to provide learning space and trading simulation.
For more information on SET in City 2014, please visit www.set.or.th/setinthecity or Mobile Application “SETactivity”.
As of 5 November 2014 Unit: M.Baht
Type Buy Sell Net
Institution 2,593.94 3,598.04 -1,004.09
Proprietary 3,973.62 3,799.32 174.30
Foreign 10,373.87 7,913.52 2,460.35
Individual 39,772.88 41,403.43 -1,630.55
Total Trading Value 56,714.31 M.Baht
Vietnam index loses 0.2 pct, volume nears 2-wk high
Vietnam's benchmark VN Index closed down 0.23 percent on Wednesday in solid volume, in line with most other regional markets after a euro zone growth cut and tepid U.S. trade data.
Dairy product maker Vinamilk led the decliners to fall 0.95 percent, following its report on lower profits during July-September. ID:nL4N0SV170
Nearly half of the equities on the Ho Chi Minh Stock Exchange lost ground, while volume rose to 146 million shares, the highest since Oct. 23, Reuters data showed.
The euro zone will need another year to reach even a modest level of economic growth due to drag on the economy from France and Italy, the European Commission said.
The U.S. trade deficit unexpectedly widened in September as exports hit a five-month low, a sign that slowing global demand could undercut economic growth in the fourth quarter.
Here is a snapshot of the VN Index at the close
VN Index 597.01
PREV. CLOSE 598.39
% CHANGE -0.23%
SE Asia Stocks-Lower after euro zone growth downgrade, US trade deficit
Southeast Asian stock markets mostly ended lower Wednesday, taking their cue from an economic growth downgrade for the euro zone, unexpected widening of the U.S. trade deficit and tepid domestic economic data.
The European Commission said the euro zone economy would expand by 0.8 percent this year, 1.1 percent next year and by 1.7 percent in 2016 - a level the Commission said six months ago would be achieved next year.
"The growth cut in the euro zone confirms that the European economy is not improving and the widening trade deficit in the U.S. added to the negative sentiment," said Reza Priyambada, head of research at Woori Korindo Securities in Jakarta.
The U.S. trade deficit in September unexpectedly widened after exports hit a five-month low.
Indonesian stocks erased gains earlier in the seesion to close 0.1 percent lower following worse-than-expected GDP data. The country's GDP grew 5.01 percent in the third quarter, its slowest since 2009, highlighting the challenges the new president faces.
Thailand's stock index led the decline in the region with a 0.5 percent fall. The baht fell to its weakest since June 2 after Thailand's central bank left interest rates unchanged on Wednesday, but said there was room for further reduction if needed.
Siam Cement PCL fell 1.3 percent, while telecommunication company True Corporation PCL declined 1.7 percent.
Bucking the trend, Singapore's stock index rose 0.2 percent.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3287.54 3281.57 +0.18
Kuala Lumpur 1839.29 1847.36 -0.44
Bangkok 1577.40 1585.15 -0.49
Jakarta 5066.83 5070.94 -0.08
Manila 7208.81 7222.01 -0.18
Ho Chi Minh 597.01 598.39 -0.23