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ASEAN STOCK WATCH Asean Affairs  29 October 2014 


Singapore
    
29 October 2014

The Straits Times Index (STI) ended +12.38 points higher or +0.39% to 3224.03, taking the year-to-date performance to +1.87%.

The FTSE ST Mid Cap Index gained +0.34% while the FTSE ST Small Cap Index gained +0.72%. The top active stocks were Keppel Corp (+0.97%), UOB (+1.90%), OSIM Intl (-14.00%), SingTel (+0.27%) and DBS (+0.66%).

The outperforming sectors today were represented by the FTSE ST Utilities Index (+1.83%). The two biggest stocks of the FTSE ST Utilities Index are United Envirotech (+5.38%) and Hyflux (-0.49%). The underperforming sector was the FTSE ST Health Care Index, which declined -0.21% with Raffles Medical Group’s share price declining -0.52% and Biosensors International Group’s share price unchanged. The FTSE ST Consumer Services Index gained +0.48%.  The FTSE ST Real Estate Index declined -0.06%.

The three most active Exchange Traded Funds (ETFs) by value today were the DBXT MSCI Asia Ex Japan ETF (+3.46%), IS MSCI India (+0.82%), SPDR Gold Shares (+0.02%).

The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (+0.57%), Ascendas REIT (-3.03%), CapitaMall Trust (unchanged).

The most active index warrants by value today were HSI23600MBeCW141127 (+24.21%), HSI23400MBePW141127 (-20.79%), HSI24200MBeCW141127 (+26.42%).

The most active stock warrants by value today were UOB MB eCW150302 (+18.18%), KepCorp MBeCW150401 (+6.02%), DBS MB eCW150106 (unchanged).

 Singapore Stock Market
                            Wednesday              Tuesday
*ST Index     3,224.03  +12.38     3,211.65  -14.46
Volume:               1,154.6M                1,192.2M
Value:                $1,011.8M              $1,001.9M
Gainers/Losers:     265/140                   147/236


Malaysia

Daily Market Commentary (Securities)
29 Oct 2014

The FBM KLCI index gained 13.87 points or 0.76% on Wednesday. The Finance Index increased 0.80% to 16758.17 points, the Properties Index up 0.82% to 1440.05 points and the Plantation Index rose 1.90% to 8465.89 points. The market traded within a range of 13.82 points between an intra-day high of 1839.55 and a low of 1825.73 during the session.

Actively traded stocks include SUMATEC, EFFICEN, IFCAMSC-WA, YGL, SONA-WA, KTB, NIISIN, REACH-WA, SMPC-OR and NEXGRAM. Trading volume increased to 2014.80 mil shares worth RM2114.70 mil as compared to Tuesday’s 1580.88 mil shares worth RM1786.73 mil.

Leading Movers were KLK (+98 sen to RM23.44), CIMB (+23 sen to RM6.43), PPB (+54 sen to RM15.30), FGV (+9 sen to RM3.57) and PETDAG (+48 sen to RM20.42). Lagging Movers were YTL (-4 sen to RM1.66), MISC (-18 sen to RM6.72), HLBANK (-18 sen to RM14.26), UMW (-2 sen to RM11.66) and AXIATA (-1 sen to RM7.08). Market breadth was positive with 586 gainers as compared to 232 losers.

The KLCI jumped by 13.87 points to end at 1839.55 points, buoyed by positive external news flow as US consumer confident increased, investors anticipated the end of the Federal Reserve's bond buying and slightly improved Euro zone economy. The performance of our benchmark index was lifted by gains in banking stocks such as CIMB, Hong Leong Financial and RHB Capital.


Thailand

Thai alternative bourse welcomes Thai Solar Energy
 
BANGKOK, October 29, 2014 – Market for Alternative Investment (mai), under The Stock Exchange of Thailand (SET) group, will list Thai Solar Energy pcl, a producer and distributor of electricity from solar energy., on October 30, under the ticker symbol "TSE." The company has a market capitalization at its initial public offering (IPO) of THB 7.08 billion (approx. USD 218 million).

mai President Prapan Charoenprawatt said TSE, an associated company of SET-listed Wave Entertainment pcl (WAVE), had market capitalization of over THB 1 billion, as such it met the listing criteria and qualified to list on mai. At its IPO, the company had THB 7.08 billion market cap.

TSE produces and distributes solar energy with production capacity of 98.5 megawatts, from its three plants: 1. The 4.5-megawatt solar thermal power plant 2. The 80-megawatt solar pv farm power, a joint venture with Global Power Energy Co., Ltd. and an electronic company of PTT group in 60:40 proportion and 3. The 14-megawatt solar commercial rooftop which expects that achieve COD within 2014.

It has a paid-up registered capital of THB 1.82 billion, consisting of 1,365 million existing common shares and 450 million newly-issued shares, with a par value of THB 1.00. Of the new shares issued for initial public offering (IPO), 175 million shares were offered to institutional investors, 253 million shares for the general public, and 22 million shares for WAVE, during October 21-22 and 24, 2014, at THB 3.90 each for a total of THB 1.76 billion. Bualuang Securities co.,ltd is its financial advisor with SCB Securities Co., Ltd. as lead underwriter.
 
Cathleen Maleenont, TSE's CEO, said that the fund raised would be used to expand business domestically and internationally, mainly for power plant from renewable energy project, debt repayment and working capital to meet higher demand of electricity. This is in line with the government’s plan to enhance power production from renewable energy and for its long-term revenue and profit plan.

TSE's three major shareholders after the IPOs are Cathleen’s Group (63.4 percent), Key Essential Overseas Limited (4.6 percent) and Treevit Rujichaladol (2.2 percent). The IPO price was set through a booking building process at a range of THB 3.50-3.90 per share. TSE's dividend policy is to pay no less than 40 percent of net profits after taxes and reserves.

Starting from the first trading day of 2015, mai will announce the launch of eight industry groups categorizing from their business aspects, and TSE will then be classified into Resource sector. For more information on TSE, 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.thaisolarenergy.com , as well as  www.mai.or.th .

 ************************

 Thai bourse grants awards to rural social developer, drug fighter

 BANGKOK, October 29, 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 Population and Community Development Association (PDA) for rural social development, sponsored by SET, has just been granted to “Association of the Blind in Phatthalong” and “Youth for Next Step,” while the award from the Duang Prateep Foundation has been granted to Preecha Phommanee.

These two awards are part 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.

Bordin Unakul, SET’s executive vice president and director and treasurer of the SET Foundation said that the two organizations, Association of the Blind and Youth for Next Step, selected by PDA had remarkable work in developing rural communities. In addition, this year the award from Duang Prateep Foundation, granted to the person best exemplifies its key mission to continuously fight drug problems in slums, went to Preecha Phommanee, a community activist committed to fighting with drugs from his real experiences. At today’s event, SET granted THB 2 million each to PDA and Duang Prateep Foundation for their great contribution to the society.

PDA Chairman Mechai Viravaidya said, “The rural social development has been a key commitment in my whole life. I’ve seriously been striving to educate people to do good deeds, earn a living and fighting poverty throughout the 40 years since we founded PDA in 1974. We focus on enhancing people to become good citizens, well-educated, dedicating themselves to community with enough synergy to better the overall society. I strongly believe that SET’s Social Recognition Project will help inspire the public to realize the importance of doing good for other people, encourage, motivate and attract people to follow the goodness way. We congratulate the awardees and hope that the two organizations will further collaborate to broaden the rural social development with sustainability as good exemplary models for the Thai and global society.”

Prateep Ungsongtham Hata, secretary of the Duang Prateep Foundation, said that the foundation, as one of the seven organizations in the Social Recognition project, always fight drugs and protect communities against drugs. This year’s award was given to Preecha who has dedicated himself to work and solve drugs problems for a long time. His contributions deserved to be honored in order to boost morale for the people doing good deeds. I truly admire SET’s commitment and vision in growing and honoring good deeds, making the Thai society a better place to live.    

The other award recipients screened and selected by the other two organizations will be announced soon. These two organizations are the Professor Sangvian Indaravijaya Foundation, and the Thai Library Association.

SET has recently granted three 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.

The other award is from the Vimuttayalaya Foundation for social development 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.  

Trading Summary

As of   29 October  2014     
Type                     Buy                  Sell                  Net
 Institution      3,932.97           2,098.50          1,834.47     
Proprietary       ,252.84          3,818.32              434.53     
Foreign        10,716.40           9,736.39              980.01     
Individual     32,245.79         35,494.80          -3,249.01     
Total Trading Value       51,148.01 M.Baht     


Vietnam

Vietnam index jumps 1.4 pct on earnings, dividend


Vietnam's benchmark VN Index   closed up 1.38 percent on Wednesday in widespread buying after some firm announced positive earnings and dividend payment, analysts said.
    
PetroVietNam Gas  , Vietnam's top firm by market value, rose 1.92 percent, while confectionery firm Kinh Do Corp  <KDC.HM>  gained 2.56 percent after the firm said its third quarter net profit rose 9 percent from a year ago to $17 million.  
    
Saigon Securities Incorp , Vietnam's top brokerage by market share, closed up 4.05 percent at 30,800 dong ($1.45) each, the highest in more than two weeks, in strong volume, Reuters data showed.  
    
The firm said it would seek shareholders' approval to give one new share for every 10 stocks owned as dividend payment, while giving two new shares for every 10 as part of an equity raising scheme, it said in a statement on Wednesday.
    
Here is a snapshot of the VN Index  at the close

                  VN Index       591.20              
         PREV. CLOSE       583.13              
            % CHANGE       +1.38%              
                                              
               HIGH       591.83              
                LOW       585.68     


Asean

SE Asia Stocks-Firmer on hopes from Fed meeting; Indonesia rebounds


Southeast Asian stock markets rose on Wednesday amid hopes that the U.S. Federal Reserve will wait longer before raising interest rates, with Indonesia recovering from a near two-week low hit in the previous session.  
    
The Fed is widely expected to announce later on Wednesday it will end its two-year-old bond-buying stimulus as the U.S. economy continues to recover. 
    
"No major policy shifts are expected and would certainly raise a lot of eyebrows if there were," Singapore-based NetResearch Asia said in an investor note.
    
Rise in U.S. consumer confidence also helped boost appetite for risky assets in the region, analysts said.  
    
The Jakarta Composite Index   ended up 1.5 percent, recovering from a near two-week low in the previous session, as net foreign inflows touched $159.8 million.  
    
Thailand's SET index  gained 0.4 percent to a near three-week high. Foreign inflows were at $30.20 million, according to Thomson Reuters data.
    
Malaysia   ended 0.8 percent firmer, helped by net  foreign buying of $61.85 million, bourse data showed.  
    
Vietnam's benchmark VN Index   closed up 1.4 percent on widespread buying after positive earnings from several companies.  
   
 
SOUTHEAST ASIAN STOCK MARKETS

 Market                     Current        Prev Close       Pct Move
 Singapore               3224.03            3211.65           +0.39
 Kuala Lumpur         1839.55           1825.68           +0.76
 Bangkok                 1562.67           1556.53           +0.39
 Jakarta                    5074.06           5001.30           +1.45
 Manila                     7093.31           7066.74           +0.38
 Ho Chi Minh             591.20              583.13          +1.38
 




 
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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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