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ASEAN STOCK WATCH Asean Affairs  1 October 2014 


Singapore

01 October 2014

The Straits Times Index (STI) ended -12.65 points lower or -0.39% to 3264.09, taking the year-to-date performance to +3.13%.

The FTSE ST Mid Cap Index gained +0.5% while the FTSE ST Small Cap Index declined -0.08%. The top active stocks were DBS (-0.05%), SingTel (-0.53%), Noble (-1.15%), SingPost (+3.34%) and Genting Sing (-2.19%).

The outperforming sectors today were represented by the FTSE ST Health Care Index (+7.64%). The two biggest stocks of the FTSE ST Health Care Index are Raffles Medical Group (+0.26%) and Biosensors International Group (+0.69%). The underperforming sector was the FTSE ST Oil & Gas Index, which declined -5.39% with Keppel Corp’s share price declining -0.67% and Sembcorp Industries share price declining -0.58%. The FTSE ST Consumer Services Index declined -0.64%.  The FTSE ST Real Estate Index gained +0.78%. The FTSE ST Utilities Index declined -3.73%.

The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (-0.14%), SPDR Gold Shares (-0.89%), LYXOR ChinaH (+0.07%).

The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (+1.05%), Ascendas REIT (unchanged), Accordia Golf Trust (-2.20%).

The most active index warrants by value today were NKY 15000MBePW141212 (-4.08%), NKY 17000MBeCW141212 (+24.53%), STI 3300MBeCW141031 (-11.54%).

The most active stock warrants by value today were DBS MB eCW150106 (+0.76%), DBS MB ePW150202 (-2.66%), OCBC Bk MBeCW15 (-1.24%).

Singapore Stock Market
                                Wednesday                     Tuesday
*ST Index           3,264.09  -12.65        3,276.74  -12.98
Volume:                   1,035.6M                     1,690.6M
Value:                       $726.5M                   $1,701.2M
Gainers/Losers:           196/211                       161/272


Malaysia

Daily Market Commentary (Securities)
1 Oct 2014

The FBM KLCI index lost 0.99 points or 0.05% on Wednesday. The Finance Index increased 0.04% to 17235.91 points, the Properties Index dropped 0.95% to 1478.76 points and the Plantation Index down 0.40% to 8328.3 points. The market traded within a range of 5.10 points between an intra-day high of 1847.70 and a low of 1842.60 during the session.

Actively traded stocks include SANICHI-WC, MUIIND, SANICHI, XINGHE, ASIABIO, PDZ, DSONIC-CA, BJCORP, HUBLINE and SUMATEC. Trading volume decreased to 2229.54 mil shares worth RM1638.37 mil as compared to Tuesday’s 2730.06 mil shares worth RM2536.31 mil.

Leading Movers were CIMB (+14 sen to RM7.17), HLFG (+20 sen to RM17.80), TM (+5 sen to RM6.65), MISC (+3 sen to RM6.78) and SIME (+3 sen to RM9.18). Lagging Movers were UMW (-28 sen to RM11.98), IHH (-8 sen to RM5.00), RHBCAP (-12 sen to RM8.71), HLBANK (-10 sen to RM14.52) and PBBANK (-12 sen to RM18.78). Market breadth was negative with 277 gainers as compared to 562 losers.

The KLCI ended marginally lower at 1845.32 points. Market sentiment was muted on ongoing political unrest in Hong Kong.


Indonesia

Trade Summary
Date As of:     01 October 2014    
Description                Volume                        Value              Frequency
ETF                           14,400                   5,014,200                       46
Stock             5,756,794,038     5,621,949,254,640              211,547
Warrant               52,504,500            2,821,953,100                  1,744
Total              5,809,312,938      5,624,776,221,940              213,337


Thailand

Thai alternative bourse welcomes concrete producer Smart Concrete

 
BANGKOK, October 1, 2014 - Market for Alternative Investment (mai), under The Stock Exchange of Thailand (SET) group, will list Smart Concrete pcl on October 2, under the ticker symbol "SMART". The company has a market capitalization at its initial public offering (IPO) of THB 874 million (approx. USD 27 million).
 
mai President Prapan Charoenprawatt said SMART was a subsidiary of Chonburi Concrete Product pcl (CCP), a SET-listed company, with an aim to build financial strength and boost accessibility to funding source for its subsidiaries.

Therefore, this spin-off would boost its business opportunity in the future.
 
Smart Concrete pcl is the manufacturer and distributor of lightweight concrete  block under the brand "SMART BLOCK-YEN" for constructing of walls of both, low-rise and high-rise, including partitions for building with construction material stores and project-based as main clients. It has a paid-up registered capital of THB 460 million, consisting of 389.55 million existing common shares and 70.45 million newly-issued shares, with a par value of THB 1.00. It sold a total of 115 million shares, of which 46 million shares went to CCP's shareholders on September 17-19, and 69 million shares to the general public via initial public offerings (IPOs) at THB 1.90 each during September 22-24. Asset Pro Management Co., Ltd. is its financial advisor and Capital Nomura Securities pcl is lead underwriter.
 
Pratheep Theepakornsukkasem, Smart Concrete pcl's managing director, said that  the fund raised would be used to invest in new machinery for production capacity expansion and new product development. This would meet higher demand of lightweight blocks market with tendency to grow continuously thanks to its remarkable features such as energy saving, convenience, easy application, reducing labor costs as a result.
 
SMART's three major shareholders after the IPOs are CCP group (75.00 percent),

Theepakornsukkasem group (4.96 percent), and HSBC (Singapore) Nominees pte ltd (0.27 percent). The IPO price was equivalent to price per earnings ratio (P/E ratio) of 24.72 times, calculated by using the company's net profit in the past  four quarters (July 1, 2013 - June 30, 2014) divided by fully diluted shares, representing earnings per share of THB 0.0769. SMART's dividend policy is to pay  no less than 40 percent of net profits after taxes and reserves.

Trading Summary

As of   1 October  2014         Unit: M.Baht
Type                         Buy                   Sell                 Net
Institution             3,111.37           3,863.41        -752.03     
Proprietary          3,942.51           4,204.86        -262.35     
Foreign                9,542.16           7,903.26      1,638.90     
Individual           34,092.17         34,716.69        -624.52     
Total Trading Value     50,688.22 M.Baht


Vietnam

Vietnam index ends up 1.75 pct on bargain hunting


Vietnam's benchmark VN Index   jumped 1.75 percent on Wednesday to close at 609.27 points, recovering from a two-month low in the previous session as investors bought cheap shares.

More than 60 percent of stocks advanced, with all of the five biggest equities posting rallies and volume jumped to 183 million shares, or around 50 percent above the five-day average level, Reuters data showed.

PetroVietNam Gas , Vietnam's biggest firm that holds a fifth of the total market value, gained 2.83 percent, and property firm Vingroup  <VIC.HM>  snapped a streak of five falls to close up 3.13 percent.

 "Bargain hunting is quite solid, and funds flowed strongly into real estate shares," said manager Nguyen The Minh of Viet Capital Securities.     
    
But analysts said a rising trend is yet to set in as rising credit default swap (CDS) of Vietnam and the protest in Hongkong may extend to discourage investors from buying, especially foreigners who have been net sellers for five straight sessions.

Vietnam's CDS closed at 203.88 on Tuesday, the highest level since Aug. 21, indicating rising risks of default for the government bonds, but is still far below the 305.6 level reached in August last year, Reuters data showed.

 "If the index could not surpass its resistance level of 610 points, the market trend is yet to be positive," Minh added.    

 Here is a snapshot of the VN Index   at the close
 
                     VN Index       609.27              
              PREV. CLOSE        598.8              
                 % CHANGE        1.75%              
                                                    
                      HIGH       611.74              
                      LOW       603.44              
                                           

Asean

SE Asia Stocks - Thai shares up after govt boost; PTT near 20-mth high


Thai shares eked out small gains on Wednesday, as top energy firm PTT Pcl   rallied to a near 20-month high after gas price hikes and the military
government's $11.2 billion measures to revive the domestic economy.  
    
The Thai SET index    ended up 0.11 percent after a weak session on Tuesday when data showed the domestic economy lost traction in August amid contractions in trade and weak private consumption.  
    
PTT shares climbed 1.7 percent to 366 baht, their highest close since February 2013. On Tuesday, they rose 2 percent as an increase in price of natural gas for vehicles (NGV) boded well for the future of its loss-making NGV business.  I
    
Other markets were mostly range-bound, with Asian stock markets slipping amid caution due to unrest in Hong Kong.
    
Fund flows to Southeast Asia were mixed, with the Thai bourse reporting net foreign buying of 1.64 billion baht ($50.5 million).  
    
Malaysia saw net foreign selling of 72 million ringgit ($22 million), Indonesia's was 387.8 billion rupiah ($32 million) and for the Philippines it was 498 million peso ($11.1 million).
 
 
SOUTHEAST ASIAN STOCK MARKETS

 Market                     Current         Prev Close      Pct Move
 Singapore               3264.09            3276.74            -0.39
 Kuala Lumpur         1845.32            1846.31            -0.05
 Bangkok                 1587.35            1585.67            +0.11
 Jakarta                    5140.91            5137.58            +0.06
 Manila                     7268.06            7283.07            -0.21
 Ho Chi Minh             609.27              598.80            +1.75
 




 
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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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