ASEAN KEY DESTINATIONS
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:
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
*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
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.
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
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"
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
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
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