ASEAN KEY DESTINATIONS
30 October 2014
The Straits Times Index (STI) ended +10.28 points higher or +0.32% to 3234.31, taking the year-to-date performance to +2.19%.
The FTSE ST Mid Cap Index declined -0.23% while the FTSE ST Small Cap Index gained +0.03%. The top active stocks were Keppel Corp (-0.43%), UOB (+1.95%), DBS (-0.54%), OCBC Bank (unchanged) and Noble (unchanged).
The outperforming sectors today were represented by the FTSE ST Consumer Goods Index (+1.05%). The two biggest stocks of the FTSE ST Consumer Goods Index are Wilmar International (+0.63%) and Thai Beverage (+2.69%). The underperforming sector was the FTSE ST Health Care Index, which declined -1.60% with Raffles Medical Group’s share price declining -0.78% and Biosensors International Group’s share price declining -3.15%. The FTSE ST Consumer Services Index declined -0.02%. The FTSE ST Real Estate Index declined -0.02%. The FTSE ST Utilities Index declined -1.19%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+0.67%), SPDR Gold Shares (-2.07%), CIMB FTSE Asean40 (+0.95%).
The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (+0.28%), CapitaMall Trust (+0.51%), Ascendas REIT (+0.45%).
The most active index warrants by value today were HSI23600MBeCW141127 (-13.56%), HSI24200MBeCW141127 (-13.43%), HSI23000MBePW141230 (+4.95%).
The most active stock warrants by value today were UOB MB eCW150302 (+25.28%), DBS MB eCW150106 (-9.68%), OCBC Bk MBeCW150302 (-1.56%).
Singapore Stock Market
*ST Index 3,234.31 +10.28 3,224.03 +12.38
Volume: 1,160.7M 1,154.6M
Value: $912.2M $1,011.8M
Gainers/Losers: 179/186 265/140
Daily Market Commentary (Securities)
30 Oct 2014
The FBM KLCI index gained 3.23 points or 0.18% on Thursday. The Finance Index increased 0.20% to 16791.27 points, the Properties Index up 0.66% to 1449.51 points and the Plantation Index rose 0.58% to 8515.07 points. The market traded within a range of 5.85 points between an intra-day high of 1843.89 and a low of 1838.04 during the session.
Actively traded stocks include DNEX, NICORP, KTB, IFCAMSC-WA, YGL, ASIABIO, EFFICEN, IFCAMSC, SUMATEC and NIHSIN. Trading volume decreased to 1876.31 mil shares worth RM2152.27 mil as compared to Wednesday’s 2014.80 mil shares worth RM2114.70 mil.
Leading Movers were FGV (+10 sen to RM3.67), TM (+15 sen to RM7.20), PPB (+32 sen to RM15.62), GENTING (+11 sen to RM9.66) and CIMB (+7 sen to RM6.50). Lagging Movers were ASTRO (-7 sen to RM3.27), KLK (-46 sen to RM22.98), BAT (-26 sen to RM68.96), GENM (-5 sen to RM4.19) and RHBCAP (-8 sen to RM8.77). Market breadth was positive with 509 gainers as compared to 339 losers.
The day ended with the KLCI closing higher at 1842.78 points. Meanwhile, regional investor sentiment was lifted following the declaration from Federal Reserve to maintain low interest rates, amid concerns over slowdown economic growth in Euro zone.
Date As of: 30 October 2014
Description Volume Value Frequency
ETF 1,100 877,200 05
Stock 4,724,280,173 7,874,315,995,726 199,173
Warrant 61,275,517 1,772,190,191 1,065
Total 4,785,556,790 7,876,089,063,117 200,243
Thai alternative bourse welcomes Siam Wellness Group
BANGKOK, October 30, 2014 - Market for Alternative Investment (mai), under The Stock Exchange of Thailand (SET) group, will list Siam Wellness Group pcl, wellness spa and health service provider, on October 31, under the ticker symbol "SPA". The company has a market capitalization at its initial public offering (IPO) of THB 969 million (approx. USD 30 million).
mai President Prapan Charoenprawatt said SPA would be the first spa operator to be listed on mai. The company owned 13 branches in Bangkok and tourist spots in other five provinces, under three brands, namely RarinJinda Wellness Spa (5 stars), Let's Relax (4 stars), and Sabaii by Let's Relax (3 stars). It also operated spa-related businesses consisting of RarinJinda Wellness Resort Hotel, Deck 1 restaurant, spa-related products and Blooming School of Traditional Thai Massage, producing therapist staff to supply increasing demand.
It has a paid-up registered capital of THB 142.5 million, consisting of 400 million existing common shares and 170 million newly-issued shares, with a par value of THB 0.25. The new shares issued were offered to the general public via initial public offering (IPO) during October 20-22 at THB 1.70 each for a total of THB 289 million. Globlex Securities Co., Ltd. and Acap Advisory Co., Ltd are its financial advisors. Globlex is also its lead underwriter.
Wiboon Utsahajit, SPA's president, said that the company felt honored and pleased to be the first spa operator to list on mai. It was a crucial step to
boost the company's image and goodwill, as well as financial strength. The fund raised would be used to repay long-term debt to financial institutions, expand branches, as well as for working capital. This would provide opportunities to increase revenues and grow continuously and firmly in the coming years. The company planned to add at least three new branches per year.
SPA's three major shareholders after the IPOs are Utsahajit group (50.06 percent), Jiravanstit group (20.11 percent) and Morakot group (0.90 percent).
The IPO price was equivalent to price per earnings ratio (P/E ratio) of 24.29 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 0.07. SPA'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 eight industry groups categorizing from their business aspects, and SPA will then be classified into SERVICE sector. For more information on SPA, 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.siamwellnessgroup.com , as well as www.mai.or.th.
As of 30 October 2014 Unit: M.Baht
Type Buy Sell Net
Institution 2,927.45 2,352.85 574.60
Proprietary 3,556.96 3,298.57 258.38
Foreign 7,586.64 7,454.76 131.87
Individual 27,108.34 28,073.20 -964.86
Total Trading Value 41,179.38 M.Baht
Vietnam index retreats 0.35 pct, volume low
Vietnam's benchmark VN Index dipped 0.35 percent on Thursday, the first fall after two rises earlier this week, as investors took profit from recent
gains, and low liquidity showed weak appetite.
Nearly half of the total shares lost ground, led by PetroVietNam Gas, the country's biggest firm by market value, that fell 1.89 percent, followed by Military Commercial Bank with a 2.24 percent decline.
Volume totalled 96 million on Thursday, bringing the daily average level in October to 136 million, or 20 percent lower than in the previous month, according to the exchange's data.
"With this kind of low volume, it is unlikely the market will have a turning point in the short term," said deputy manager Nguyen Thanh Lam of Maybank Kim Eng Securities. "The general sentiment is still very cautious."
Here is a snapshot of the VN Index at the close
VN Index 589.14
PREV. CLOSE 591.20
% CHANGE -0.35%
SE Asia Stocks-Mostly up; Jakarta down on political concerns
Jakarta shares ended weaker on Thursday on political concerns while most other Southeast Asian stock markets rose, with some trading range-bound, after the U.S. Federal Reserve expectedly ended its massive quantitative easing programme.
The Jakarta Composite Index edged down 0.3 percent after gaining 1.5 percent in the previous session as a vote on Indonesian parliament commission leaders weighed on sentiment.
Bucking the trend in the overall market, shares of Indonesian palm oil companies gained on an expected increase in palm oil prices and strong earnings, traders said.
Shares of PT Astra Agro Lestari Tbk rose as much as 9.1 percent, PT London Sumatra Indonesia Tbk gained 3.99 percent and PT Salim Ivomas Pratama Tbk rose 3.3 percent.
Palm oil prices may have bottomed out and will likely trade between 2,100 and 2,300 ringgit per tonne ($641-$703) in the next few weeks before rising to 2,500 ringgit by March as output weakens and stocks ease, an analyst said.
Thailand's SET index ended 0.2 percent up at its four week high, the Philippine index gained 1.1 percent, and Malaysia ended 0.1 percent firmer. Singapore gained 0.32 percent.
Jakarta saw a net foreign inflow of $21.05 million, while Kuala Lumpur saw $30.52 million inflow, the stock exchange data showed.
Teerada Charnyingyong, a strategist at broker Phillip Securities, said gains were slow after the Fed decision though it was expected.
The U.S. Federal Reserve on Wednesday ended its monthly bond purchase program, which at its peak pumped $85 billion a month
into the financial system. It also signalled confidence the U.S. economic recovery would remain on track despite signs of a slowdown in many parts of the global economy.
Vietnam retreated to end 0.35 percent weaker as investors took profit and low liquidity showed weak appetite.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3234.31 3224.11 +0.32
Kuala Lumpur 1842.78 1839.55 +0.18
Bangkok 1565.35 1562.67 +0.17
Jakarta 5058.85 5074.06 -0.30
Manila 7170.99 7093.31 +1.10
Ho Chi Minh 589.14 591.20 -0.35