ASEAN KEY DESTINATIONS
13 October 2014
The Straits Times Index (STI) ended -21.72 points lower or -0.67% to 3202.15, taking the year-to-date performance to +1.18%.
The FTSE ST Mid Cap Index declined -0.66% while the FTSE ST Small Cap Index declined -1.24%. The top active stocks were DBS (-1.32%), SingTel (-0.80%), Keppel Corp (-0.50%), OCBC Bank (-0.51%) and Noble (+0.79%).
The outperforming sectors today were represented by the FTSE ST Industrials Index (-0.28%). The two biggest stocks of the FTSE ST Industrials Index are Jardine Matheson Holdings (-0.02%) and Jardine Strategic Holdings (+0.29%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -3.10% with Midas Holdings’ share price declining -4.55% and Geo Energy Resources’ share price declining -4.17%. The FTSE ST Consumer Services Index declined -0.85%. The FTSE ST Real Estate Index declined -0.86%. The FTSE ST Utilities Index declined -0.78%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+0.82%), STI ETF (-0.92%), SPDR Gold Shares (+0.59%).
The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (-0.45%), CapitaMall Trust (-1.04%), CapitaCom Trust (-0.32%).
The most active index warrants by value today were HSI22800MBePW141127 (-17.36%), HSI23600MBeCW141127 (+12.79%), HSI23000MBeCW141127 (+8.33%).
The most active stock warrants by value today were DBS MB eCW150106 (-21.30%), KepCorp MBeCW150303 (-4.88%), OCBC Bk MBeCW150302 (-7.69%).
Singapore Stock Market
*ST Index 3,202.15 -21.72 3,223.87 -35.38
Volume: 1,275.4M 1,239.4M
Value: $947.6M $966M
Gainers/Losers: 84/396 98/358
Daily Market Commentary (Securities)
13 Oct 2014
The FBM KLCI index lost 11.68 points or 0.65% on Monday. The Finance Index fell 0.18% to 16729.23 points, the Properties Index dropped 1.28% to 1399.12 points and the Plantation Index down 1.76% to 8031.5 points. The market traded within a range of 11.75 points between an intra-day high of 1808.95 and a low of 1797.20 during the session.
Actively traded stocks include SUMATEC, PDZ, BJCORP, XOX, NIHSIN, MUIIND, DGB, CENSOF, TALAMT and KTB. Trading volume decreased to 1743.54 mil shares worth RM1804.59 mil as compared to Friday’s 2225.85 mil shares worth RM2345.86 mil.
Leading Movers were PBBANK (+20 sen to RM18.48), IHH (+3 sen to RM4.79), HLBANK (+6 sen to RM14.26), RHBCAP (+3 sen to RM8.91) and SIME (+3 sen to RM9.11). Lagging Movers were FGV (-18 sen to RM3.26), PETGAS (-62 sen to RM21.36), IOICORP (-12 sen to RM4.68), KLK (-50 sen to RM19.98) and PPB (-32 sen to RM13.92). Market breadth was negative with 155 gainers as compared to 757 losers.
The KLCI started the week with a negative note, closing 11.68 points lower at 1797.2, tracking losses in Wall Street last Friday. Investor sentiment was bearish following concerns of slowdown in global economy coupled with the disappointing economic data in Germany.
Thai bourse grants annual social development award
BANGKOK, October 13, 2014 - The Stock Exchange of Thailand (SET) honors and encourages philanthropic actions of individuals and organizations through its annual "Social Recognition Project" covering seven areas. This year's award from the Vimuttayalaya Foundation for social development, sponsored by SET, has just been granted to Pootalaewishshalai School for its role model in managing the new and unique practical education following His Majesty the King's initiatives of the sufficiency economy philosophy.
This award is one of the awards in seven areas, selected by seven organizations, recognizing the outstanding individuals, and is one of SET's key corporate social responsibility projects. This project identifies, honors and motivates the social leaders who are dedicated to benefit the society and encouraging others to follow their footsteps.
SET Chairman Sathit Limpongpan said that SET granted THB 2 million to support the Vimuttayalaya Foundation to support its main missions of community creativity and Buddhism knowledge development, enabling community to apply Buddhist principles in their everyday life in a magnitude of benefits to the
society. The Foundation then awards part of the fund to Pootalaewishshalai School (Mab Euang's Agri-Nature Learning Center) in Chonburi province. The school is a role model in managing education based on H.M. King Bhumibol's sufficiency economy philosophy by focusing on earning a living enough to be self- dependent first, then providing assistance in groups up to community level, ultimately creating values to the society.
Phramaha Vudhijaya Vajiramedhi, chairman of the Vimuttayalaya Foundation, said that we appreciated the remarkable profile and dedication of the
Pootalaewishshalai School and its founder Wiwat Salyakamthorn who was strongly committed to operating this valuable learning center according to H.M. King's philosophy and expanded its practice to Thai villagers and farmers nationwide, including international communities. The committee therefore agreed to grant the award to the school for its contribution as a firm foundation for sustainability through social development for our beloved country.
The other award recipients screened and selected by the other four organizations will be announced soon. These four organizations are the Duang Prateep Foundation, the Population and Community Development Association, the Professor Sangvian Indaravijaya Foundation, and the Thai Library Association.
SET has recently granted two awards, which are the award for the Football History Association granted to Niwat Sriswat for his 15 years of outstanding work in coaching community youth football and Nimae Nidehah for his football coaching in Pattani for two decades, while the one for the Sugree Charoensook award was granted to Thanis Sriklindee for his musical talent in initiating Thai folk flute's incredible techniques and varieties to preserve Thai cultural heritage.
Thai alternative bourse welcomes Forth Smart Service
BANGKOK, October 13, 2014 – Market for Alternative Investment (mai), under The Stock Exchange of Thailand (SET) group, will list Forth Smart Service pcl, a leading top-up machine service provider, on October 14, under the ticker symbol "FSMART.” The company has a market capitalization at its initial public offering (IPO) of THB 2,000 million (approx. USD 62.5 million).
mai President Prapan Charoenprawatt said FSMART was a subsidiary of Forth Corporation pcl (FORTH), a SET-listed company. It valued the spin-off benefits to boost business growth by using the capital market as a funding source to strengthen its financial status.
FSMART provides top up machine services for pre-paid mobile phones, online game top up, International call pin, Wi-Fi pin, Pre-paid internet via automatic top up machine named “Boonterm”. In addition, the company also offers franchise business and cooperates with partners such as chain convenience stores, hypermarket stores and BTS skytrains to provide its services. As of end-June 2014, the company has a total of 37,311 machines.
It has a paid-up registered capital of THB 400 million, consisting of 600 million existing common shares and 200 million newly-issued shares, with a par value of THB 0.50. Of the new shares issued, 96 million shares were offered to FORTH’s shareholders on October 1-3, 2014, and 104 million shares to the general public via initial public offerings (IPOs) at THB 2.50 each during October 6-8 for a total THB 500 million. Asset Pro Management Co., Ltd. is its financial advisor with Finansia Syrus Securities pcl as lead underwriter.
Somchai Soonswang, FSMART's managing director, said that the fund raised would be used to increase the amount of KIOSK machines, enabling target customers to access the machine in broader areas. With varieties of services, easy-to-use device and 24-hour call center service, the company firmly believed that these outstanding features would help boost its growth strongly and sustainably.
FSMART's three major shareholders after the IPOs are FORTH (45.75 percent), Amatanon group (6.47 percent), and Monthip Withayakorn (5.23 percent). The IPO price was equivalent to price per earnings ratio (P/E ratio) of 16.67 times, calculated by using the company's net profit in the past 12 months (July 1, 2013 - June 30, 2014) divided by fully diluted shares, representing earnings per share of THB 0.15. FSMART's dividend policy is to pay no less than 40 percent of net profits after taxes and reserves.
As of 13 October 2014 Unit: M.Baht
Type Buy Sell Net
Institution 2,378.83 2,458.07 -79.24
Proprietary 3,149.50 3,240.70 -91.20
Foreign 6,375.48 8,250.23 -1,874.75
Individual 22,924.93 20,879.74 2,045.19
Total Trading Value 34,828.74 M.Baht
Vietnam index falls 0.6 pct on selling in big caps
Vietnam's benchmark VN Index extended losses to a second day, ending down 0.57 percent on Monday, led by falls in some large-cap equities while property and brokerage shares picked up on speculative buying.
PetroVietNam Gas, Vietnam's biggest listed firm by market value, led the losers with a 1.77 percent fall, followed by dairy product maker Vinamilk that lost 0.91 percent.
Volume fell 20 percent from the previous session to 120 million shares, Reuters data showed, as investors traded in caution after a drop last Friday due to worries on high margin trading and a slowdown in global growth.
The market skirted a steeper loss as bargain hunting emerged strongly when the index fell to around 608 points in the afternoon session, especially by speculative purchases into real estate and securities shares, said analyst Do Quang Hop of Saigon-Hanoi Securities.
"There were bargain hunting in some blue chips, which may prompt a rising trend in coming sessions," Hop said, adding that the VN Index could rise to as high as 635 points in coming sessions.
Here is a snapshot of the VN Index at the close.
VN Index 614.22
PREV. CLOSE 617.72
% CHANGE -0.57%
SE Asia Stocks-Fall on global worries, outflows; Philippine worst in over a year
The Philippine main index posted its worst drop in more than a year and the Indonesian benchmark touched the lowest closing level since July on Monday amid selling by foreign investors and concern over the health of the global economy.
The Philippine Composite Index , which gauges movements of 30 large caps, closed down 2.8 percent, its biggest single-day loss since September 2013.
Foreign investors sold shares worth a net 1.1 billion peso ($24.58 million), mainly in large caps, led by shares of Energy Development Corp and Philippine Long Distance Telephone , stock exchange data showed.
"Fears of a global economic slowdown caused the markets to go down," said Miguel Agarao, investment analyst at Wealth Securities Inc in Manila.
Agarao said since the Philippine share market was not as liquid as its peers, selling by foreign funds had a bigger impact.
"This is not healthy. We expected a correction, but nothing like this," he said. Foreigners dumped local stocks, sending the benchmark below the key 7,000 support level, he said.
It closed at 6,968.09, the lowest since Aug. 11.
Jakarta's composite index ended down for a second session, falling by 1 percent to 4,913.05, its lowest since July 4. Among losers, coal mining stock Adaro Energy plunged 7.3 percent as declining oil prices weighed on energy related stocks across the region.
Indonesia reported a net foreign outflow worth 595 million rupiah ($48.73 million) while Malaysia's net outflows were at 84 million ringgit ($25.76 million), Thomson Reuters and stock exchange data showed.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3202.15 3223.87 -0.67
Kuala Lumpur 1797.20 1808.88 -0.65
Bangkok 1542.35 1552.72 -0.67
Jakarta 4913.05 4692.96 -1.01
Manila 6968.09 7167.35 -2.78
Ho Chi Minh 614.22 617.72 -0.57