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Singapore

13 September 2017

The Straits Times Index (STI) ended 5.33 points or 0.16% lower to 3230.36, taking the year-to-date performance to +12.14%. For longer term observations please go to sgx.com/research.

The top active stocks today were CapitaLand, which declined 0.80%, Venture, which gained 9.84%, Singtel, which gained 0.27%, OCBC Bank, which closed unchanged and YZJ Shipbldg SGD, with a 2.80% advance.

The FTSE ST Mid Cap Index gained 0.72%, while the FTSE ST Small Cap Index rose 0.12%.

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

IS MSCI India (+0.35%)

STI ETF (-0.61%)

SPDR Gold Shares (+0.60%)

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

CapitaLand Mall Trust (-0.95%)

Ascendas REIT (-0.37%)

Mapletree Com Tr (-0.32%)

The most active index warrants by value today were:

HSI27400MBePW171030 (+2.54%)

HSI28600MBeCW171030 (-6.86%)

HSI26600MBePW171030 (+1.24%)

The most active stock warrants by value today were:

DBS MB eCW180226 (-3.77%)

UOB MB eCW180115 (-5.63%)

UOB MB ePW171106 (+4.48%)
    
Singapore Stock Market
                              Wednesday               Tuesday
*ST Index         3,230.36  -5.33     3,235.69  +7.18
Volume:                1,792.4M                1,277.6M
Value:                 $1,107.4M                 $992.7M
Gainers/Losers:      202/194                 215/190


Malaysia

Daily Market Commentary (Securities)
13 September 2017

The FBM KLCI index lost 3.79 points or 0.21% on Wednesday. The Finance Index fell 0.16% to 16816.73 points, the Properties Index dropped 0.17% to 1262.6 points and the Plantation Index rose 0.47% to 7984.57 points. The market traded within a range of 7.72 points between an intra-day high of 1793.22 and a low of 1785.50 during the session.

Actively traded stocks include DBE, HUAAN, MQTECH, TRIVE, SUMATEC, TRIVE-WB, TIGER, MLAB, NETX and SUMATEC-WB. Trading volume decreased to 2695.06 mil shares worth RM1847.57 mil as compared to Tuesday’s 3663.60 mil shares worth RM2254.95 mil.

Leading Movers were IOICORP (+9 sen to RM4.64), AMMB (+5 sen to RM4.35), WPRTS (+3 sen to RM3.89), BAT (+30 sen to RM44.30) and HLFG (+4 sen to RM17.28). Lagging Movers were GENM (-15 sen to RM5.75), CIMB (-8 sen to RM6.72), ASTRO (-3 sen to RM2.68), YTL (-1 sen to RM1.39) and IJM (-2 sen to RM3.38). Market breadth was negative with 385 gainers as compared to 480 losers.

The KLCI tumbled to 1786.07 points despite overnight gains in US market. The performance of our local bourse was bogged down by selling interest in heavy weight counters such as Genting, CIMB and Astro.

 
Indonesia

Trade Summary
Date As of:     13 September 2017     
Description         Volume                            Value        Frequency
ETF                    345,200                   35,869,100                     18
Stock       9,240,977,595       6,829,890,242,424          334,194
Warrant         22,090,800                  834,228,800                  831
Total        9,263,413,595       6,830,760,340,324           335,043


Thailand

SET to list "Prima Marine" on September 14


BANGKOK, September 13, 2017 - The Stock Exchange of Thailand (SET) will list Prima Marine pcl, an integrated services provider for the marine logistics and storage of liquid petroleum and petrochemical products, on September 14, under the ticker symbol "PRM". The company has a market capitalization at its initial public offering (IPO) of THB 20 billion (approx. USD 588.3 million).

SET Senior Executive Vice President Santi Kiranand said that PRM would list on SET in the Services industry, Transportation & Logistics sector. PRM, an integrated marine logistics and storage services provider with more than 30 years of experience, provides four categories of services, which are 1) oil and petrochemical tanker business, 2) floating storage unit, 3) offshore support vessel business, and 4) ship management business.

PRM has a paid-up registered capital of THB 2.50 billion, consisting of 2 billion existing common shares and 500 million newly issued shares, with a par value of THB 1.00 each. It offered 650 million shares, consisting of 500 million newly issues shares and 150 million vendor shares, to general public during September 6-8 at THB 8.00 each, resulting in a total of THB 4 billion newly raised capital. Kasikorn Securities pcl and The Siam Commercial Bank pcl are its  financial advisors and underwriters.

PRM Chief Executive Officer Chanwit Anakkul said that this listing would strengthen PRM's financial capability to serve the business expansion plan. The company plans to build new vessels to replace existing ones, as well as expand the vessel fleet to twice as much within three years. This will contribute to constant growth of revenue, profit, and shareholder returns, while enhancing business stability.

PRM's three major shareholders after the IPO are Nathalin Co., Ltd, Group, 74  percent (Nathalin Co., Ltd, 54.2 percent and Austin Asset Limited, 19.8 percent), Bank of Singapore Limited (0.5 percent) and Chansak Fuangfu (0.4 percent). The IPO price was set by a book building process, equivalent to price-to-earnings ratio (P/E ratio) of 20.46 times calculated by using the company's net profit in the past four quarters divided by fully diluted shares,
representing earnings per share of THB 0.39. PRM's dividend policy is to pay no less than 30 percent of net profit after reserves (from separate financial statements) under the condition that such dividend payment is related to the investment plan and other necessities and suitabilities in accordance with the Board of Directors' approval.

For more information on PRM, please see the company's prospectus at the  Securities and Exchange Commission's website at www.sec.or.th; and for general information, please visit www.primamarine.co.th, as well as www.set.or.th.

Trading Summary     
As of 13 September 2017    Unit: M.Baht
Type                           Buy                Sell                 Net
Institution        4,771.83          4,916.42          -144.59
Proprietary       6,372.68          5,778.31           594.37
Foreign          17,826.10        16,871.12            954.98
Individual       24,671.61       26,076.37        -1,404.76
Total Trading Value     53,642.22 M.Baht


Asean

SE Asia Stocks-Thailand comes off near 24-yr high, snaps 9 sessions of gains


Thai shares came off near 24-year highs to close slightly lower on Wednesday, snapping nine straight sessions of gains, with energy and healthcare stocks leading the fall.
    
Oil and gas refiner PTT Pcl  PTT.BK  closed 0.5 percent lower after rising as much as 0.5 percent, while Bumrungrad
Hospital PCL  BH.BK  dropped 2.3 percent to its lowest close since Aug. 28.
    
Thailand's medium-term growth outlook continues to be challenged by high household debt and adverse demographic trends even though the economy has picked up in 2017, Fitch Ratings analysts said at the agency's annual conference in Bangkok.  

"Prospects for Thai banks' operating environment and sector performance remain negative, albeit with modest improvements in growth, asset quality and profitability expected in 2018."
    
Earlier on Wednesday, the Thai SET index  .SETI  rose as much as 0.6 percent to 1,652.51, its highest since January 1994, after gaining about 2 percent in the previous nine sessions.   
    
Among other Southeast Asian stock markets, Malaysia  .KLSE  erased early gains to finish 0.2 percent lower with lender CIMB Group Holdings Bhd  CIMB.KL  leading the decline.
    
Indonesian shares  .JKSE  fell 0.5 percent, snapping four sessions of gains and posting their biggest percentage fall in
more than a week.
    
Coal miner Bukit Asam (Persero) Tbk PT  PTBA.JK  was the biggest drag, declining 17.3 percent to its lowest close in nearly a year.
    
Singapore shares  .STI  fell 0.2 percent, weighed down by declines in top lenders DBS Group Holdings  DBSM.SI  and United Overseas Bank  UOBH.SI .
    
Philippine shares  .PSI  gave up early gains to finish marginally higher but posted their highest close since Aug. 17.  
    
The market was shut on Tuesday due to floods in the region.
    
Heavyweights SM Investments  SM.PS  and SM Prime Holdings  SMPH.PS  fell, while real estate firms GT Capital Holdings  GTCAP.PS  and Ayala Land  ALI.PS  ticked up.
    
Vietnam shares  .VNI  rose 0.4 percent, closing at their highest level since February 2008, with steel manufacturer Hoa Phat Group JSC  HPG.HM  climbing 4.1 percent to a record close.
        
 SOUTHEAST ASIAN STOCK MARKETS:    
  Market                   Current        Previous Close   Pct Move
  Singapore              3230.36              3235.69           -0.16
  Bangkok                1642.94              1643.55           -0.04
  Manila                   8053.88              8049.31             0.06
  Jakarta                   5845.734            5872.377         -0.45
  Kuala Lumpur      1786.07               1789.86           -0.21
  Ho Chi Minh           802.78                 799.94            0.36
                                                                        
             
                                     



 
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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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