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Singapore

25 October 2016

The Straits Times Index (STI) ended 2.63 points or 0.09% lower to 2854.05, taking the year-to-date performance to -0.99%.

The top active stocks today were Singtel, which gained closed unchanged, UOB, which declined 0.11%, DBS, which declined 0.40%, CapitaLand Commercial Trust, which declined 1.24% and Ascendas REIT, which closed unchanged.

The FTSE ST Mid Cap Index gained 0.20%, while the FTSE ST Small Cap Index declined 0.23%.

The outperforming sectors today were represented by the FTSE ST Consumer Goods Index, which rose 1.20%. The two biggest stocks of the Index - Wilmar International and Thai Beverage – ended 0.60% higher and 0.52% higher respectively.

The underperforming sector was the FTSE ST Basic Materials Index, which slipped 2.29%. Midas Holdings shares declined 2.27% and Halcyon Agri Corporation declined 2.86%.

The three most active Exchange Traded Funds (ETFs) by value today were:

SPDR Gold Shares (+0.37%)

DBXT MSCI China TRN ETF (+0.74%)

Nikko Am Singapore STI ETF (+0.34%)

The three most active Real Estate Investment Trusts (REITs) by value were:

CapitaLand Commercial Trust (-1.24%)

Ascendas REIT (unchanged)

CapitaLand Mall Trust (unchanged)

The most active index warrants by value today were:

HSI23200MBePW161129 (-3.00%)

HSI25000UBeCW170126 (-4.94%)

HSI23000MBeCW161129 (-0.52%)

The most active stock warrants by value today were:

DBS MB eCW170201 (-1.18%)

UOB VT eCW170213 (+2.00%)

UOB MB eCW170201 (+2.13%)
    
 Singapore Stock Market
                          Tuesday                  Tuesday
*ST Index     2,854.05  -2.63     2,854.05  -2.63
Volume:                4.4M                1,489.4M
Value:                  $14M                 $765.4M
Gainers/Losers:       0/0                 171/230

Malaysia

Daily Market Commentary (Securities)
25 October 2016

The FBM KLCI index lost 0.33 points or 0.02% on Tuesday. The Finance Index increased 0.59% to 14570.46 points, the Properties Index dropped 0.37% to 1201.72 points and the Plantation Index down 0.27% to 7924.99 points. The market traded within a range of 5.82 points between an intra-day high of 1679.00 and a low of 1673.18 during the session.

Actively traded stocks include HIBISCS, BCMALL, MBSB, PTRANS, CAP, PDZ, UEMS-C28, YTL, KSTAR and FGV. Trading volume decreased to 1425.75 mil shares worth RM1841.06 mil as compared to Monday’s 1639.63 mil shares worth RM1693.44 mil.

Leading Movers were MAYBANK (+17 sen to RM7.90), AMMB (+5 sen to RM4.20), YTL (+2 sen to RM1.75), HLFG (+6 sen to RM15.66) and SIME (+3 sen to RM8.05). Lagging Movers were MAXIS (-20 sen to RM6.00), BAT (-100 sen to RM49.24), SKPETRO (-2 sen to RM1.62), TM (-6 sen to RM6.52) and GENM (-4 sen to RM4.81). Market breadth was negative with 334 gainers as compared to 422 losers.

The KLCI was little changed and closed at 1677.43 despite overnight gains in US market. The performance of our local bourse was limited as profit taking kicked in amid absence of positive fresh leads.


Indonesia

Trade Summary
Date As of:     25 October 2016     
Description        Volume                  Value            Frequency
ETF                   17,400                  15,403,800              12
Stock     12,502,094,529       7,328,916,769,857      276,111
Right             1,707,400                190,560,400               39
Warrant        18,524,400             1,354,662,000             302
Total      12,522,343,729      7,330,477,396,057       276,464

Thailand

Thai bourse to list Sahakol Equipment on September 26

BANGKOK, October 25, 2016 -The Stock Exchange of Thailand (SET) will list Sahakol Equipment pcl, a full-scale mining solutions provider on October 26, under the ticker symbol "SQ". The company has a market capitalization at its initial public offering (IPO) of THB 3.62 billion (approx. USD 103 million).

SET Senior Executive Vice President Santi Kiranand said that SQ would list on SET in Property & Construction industry, Construction Services sector. SQ has provided full-scale mining services from planning, consulting, open-pit mining operation, mining infrastructure construction, as well as heavy duty machine rental and maintenance.

SQ's three projects currently operating with no less than 10-year contract each consisted of Mae Moh mine in Lampang in the northern part of Thailand under the Phase 7 and 8 contracts, as well as  Hongsa mine in Hongsa, Laos.

SQ has a paid-up registered capital of THB 1.13 billion, consisting of 750 million existing common shares and 380 million newly issued shares, with a par value of THB 1 each. During October 14, 17-18, 2016 it offered newly issued shares to institutional investors, underwriters' benefactors and SQ's benefactors at THB 3.2 each, for a total of THB 1.22 billion. Siam Commercial Bank pcl and Maybank Kim Eng Securities (Thailand) pcl are the financial advisors, while SCB Securities Co., Ltd. and Maybank Kim Eng Securities (Thailand) are the joint-underwriters.

SQ Chief Executive Officer Sasavat Sirison said that this listing would strengthen the SQ group's financial capabilities. The fund raised would be used to invest in the Phase 8 of Mae Moh mine project in Lampang and as working capital.

SQ's three major shareholders after IPO are Sirison family (28.63 percent), Areekul family (18.58 percent) and Devakula family (6.20 percent).The IPO price was set by a book building process, equivalent to price per earnings ratio (P/E ratio) of 21.74 times. SQ's P/E ratio was calculated by using the company's net profit in the past four quarters (July 1, 2015-June 30, 2016) divided by fully diluted shares, representing earnings per share of THB 0.15. SQ's dividend policy is to pay no less than 40 percent of net profits (from the separate financial statement) after taxes and reserves.

For more information on SQ, 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.sahakol.com , as well as www.set.or.th .

SET "The 5th Decade of Sustainable Wealth for Thais"

Trading Summary

As of 25 October 2016 Unit: M.Baht

Type                     Buy             Sell             Net
Institution        4,093.32      4,231.44       -138.13
Proprietary      5,269.25       4,228.11     1,041.14
Foreign         12,196.14     12,768.72       -572.58
Individual      25,888.20     26,218.64       -330.44
Total Trading Value     47,446.91 M.Baht

Asean

SE Asia Stocks-Philippines slips on Duterte's fresh anti-US tirade


 Philippine shares erased early gains to close lower on Tuesday, extending losses to a fourth straight session, after President Rodrigo Duterte launched yet another tirade against the United States, while most other Southeast Asian markets ended lower.
    
President Duterte lashed out anew at the United States expressing his  resentment at having foreign troops in the
Philippines and told the U.S. to forget the bilateral defence deal if he stayed in power long enough.  
    
Philippine shares  .PSI  closed 0.4 percent lower, weighed down by industrials and consumer discretionary stocks.
    
Property developer SM Prime Holdings  SMPH.PS  was the biggest loser on the index, falling 2.8 percent, as strains in
Washington-Manila ties impact the BPO-sector driven office property market. urn:newsml:reuters.com:*:nL4N1CR37T.
    
Jollibee Foods Corp  JFC.PS  was the second biggest loser.
    
Thai shares  .SETI  rose 0.4 percent to their highest in more than two weeks, led by financials and consumer staples, with convenience store operator CP All PCL  CPALL.BK  rising 2 percent and Bank of Ayudhya PCL  BAY.BK  ending 2.8 percent higher.  
    
Indonesian shares were down around 0.4 percent, dragged down by financials and consumer non cyclicals, with  Astra International Tbk PT  ASII.JK , down 1.5 percent, contributing most to the fall in terms of index points.
     

SOUTHEAST ASIAN STOCK MARKETS
     
  STOCK MARKETS                                         
                                      
  Market                   Current       Prev close     Pct Move
  Singapore              2854.05         2856.68           -0.09
  Bangkok               1506.47          1500.37            0.41
  Manila                   7580.22          7609.31          -0.38
  Jakarta                  5397.821         5420.998        -0.43
  Kuala Lumpur       1677.43           1677.76          -0.02
  Ho Chi Minh           676.18             678.02         -0.27
                                              




Today's  Stories                          October  26, 2016
• Lao PM dialogues with VN investors
• IFC invests in sustainable tourism in Myanmar Subcribe: Asean Affairs Global Magazine
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• Leather and footwear industry
• Shrimp industry

• Ecotourism business provides livelihood to villagers
• Krungsri expects more growth from Cambodian MFI
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In Washington, Yasay Defends the Duterte Doctrine
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Asean Stock Watch   October  21 , 2016

• Asean Stock Watch-October 21, 2016
The Biweekly Update
• The Biweekly Update  September 30, 2016

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

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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