ASEAN KEY DESTINATIONS
22 September 2015
The Straits Times Index (STI) ended 13.8 points or 0.48% lower to 2868.47, taking the year-to-date performance to -14.76%.
The top active stocks today were DBS, which declined 0.17%, Singtel, which declined 1.33%, OCBC Bank, which gained 0.78%, Global Logistic, which gained 0.49% and Keppel Corp, with a 2.52% fall.
The FTSE ST Mid Cap Index gained 0.08%, while the FTSE ST Small Cap Index declined 0.11%.
The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 3.86%. The two biggest stocks of the Index - China Everbright Water and SIIC Environment Holdings- ended 0.79% higher and 12.03% higher respectively.
The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 1.92%. Keppel Corp shares declined 2.52% and Sembcorp Industries rose 1.12%.
The three most active Exchange Traded Funds (ETFs) by value today were:
SPDR Gold Shares (-0.35%)
STI ETF (-1.02%)
Nikko Am Singapore STI ETF (-1.00%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Ascendas REIT (-0.44%)
CapitaLand Mall Trust (-0.53%)
CapitaLand Commercial Trust (+1.12%)
The most active index warrants by value today were:
The most active stock warrants by value today were:
DBS MB eCW160201 (-4.00%)
KepCorp MBeCW160201 (-14.55%)
UOB MB eCW160111 (-7.83%)
Singapore Stock Market
*ST Index 2,868.47 -13.8 2,882.27 +2.68
Volume: 1,474.3M 1,187.6M
Value: $1,046M $838.1M
Gainers/Losers: 192/212 183/220
Daily Market Commentary (Securities)
22 September 2015
The FBM KLCI index lost 4.10 points or 0.25% on Tuesday. The Finance Index fell 0.45% to 14189.02 points, the Properties Index up 0.24% to 1158.54 points and the Plantation Index down 0.15% to 6994.46 points. The market traded within a range of 13.17 points between an intra-day high of 1641.41 and a low of 1628.24 during the session.
Actively traded stocks include IFCAMSC, AIRASIA, AEMULUS, AAX, DSONIC-CE, PBBANK-C5, IDMENSN, FBMKLCI-HK, TMS and FBMKLCI-H5. Trading volume increased to 1989.27 mil shares worth RM1954.55 mil as compared to Monday’s 1599.33 mil shares worth RM1868.69 mil.
Leading Movers were IOICORP (+13 sen to RM3.95), SIME (+17 sen to RM7.53), MISC (+19 sen to RM8.50), MAYBANK (+11 sen to RM8.52) and GENTING (+8 sen to RM7.51). Lagging Movers were KLK (-66 sen to RM21.54), KLCC (-21 sen to RM6.87), RHBCAP (-17 sen to RM6.09), MAXIS (-15 sen to RM6.56) and AMMB (-10 sen to RM4.59). Market breadth was positive with t gainers as compared to 322 losers.
The KLCI closed down 0.25% at 1635.37 points more than one-week low as Southeast Asian stock markets mostly fell. Market sentiment remained bearish after ringgit continues to slide and as crude oil prices tumbled.
Date As of: 22 September 2015
Description Volume Value Frequency
ETF 85,300 10,674,400 06
Stock 6,311,593,875 4,399,450,840,691 198,442
Warrant 1,601,800 21,455,400 80
Total 6,313,280,975 4,399,482,970,491 198,528
Thai alternative bourse to list KOOL on September 23
BANGKOK, September 22, 2015 - Market for Alternative Investment (mai) will list Masterkool International pcl, a supplier and distributor of the misting fan, evaporative fan, and industrial and ventilation fan under the brands "MASTERKOOL" and "Cooltop" on September 23, under the ticker symbol "KOOL". The company has a market capitalization at its initial public offering (IPO) of THB 864 million (approx. USD 24 million).
mai President Prapan Charoenprawatt said that KOOL would list on mai in the Services industry group. The company engaged in the trading and sales of the misting fan, evaporative fan, and industrial and ventilation fan through various channels covering retail channels (modern trade and website), domestic dealers
and international agents as well as direct selling. KOOL also provided rental services for outdoor activities in addition to offering ventilation system design and installation for factories and warehouses. KOOL's services included ozone system design and setup to provide energy savings and preserve the environment.
KOOL has a paid-up registered capital of THB 120 million, consisting of 360 million existing common shares and 120 million newly issued shares, with a par value of THB 0.25 each. The company offered newly issued shares to the general public via IPO during September 16-18 at THB 1.80 each, for a total of THB 216 million. Trinity Securities Co., Ltd is its financial advisor and lead underwriter.
KOOL Managing Director Noppachai Veeraman said with expertise in cooling products for over 13 years, Kool's strength was based on a research and development (R&D) to enhance product innovation. The fund raised would be utilized for product development, new warehouse construction, as well as working
capital for future business growth.
KOOL's three major shareholders after the IPO are Noppachai Veeraman group (26.50 percent), Mr. Fung Meng Hoi (16.91 percent) and K-SME Venture Capital Co., Ltd. (6.91 percent). The IPO price was equivalent to price-to-earnings ratio (P/E ratio) of 32.81 times, calculated by using the company's net profit
in the past four quarters (July 1, 2014 - June 30, 2015) divided by fully diluted shares, representing earnings per share of THB 0.05. KOOL'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 KOOL, 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.masterkool.com, as well as www.set.or.th.
As of 22 September 2015
Type Buy Sell Net
Institution 3,695.54 3,862.02 -166.48
Proprietary 2,781.48 3,725.29 -943.81
Foreign 7,141.99 7,043.28 98.70
Individual 22,928.78 21,917.19 1,011.59
Total Trading Value 36,547.78 M.Baht
Vietnam index edges up after upbeat ADB forecast
Vietnam's benchmark VN Index .VNI edged up 0.19 percent on Tuesday after news on positive macroeconomic forecasts, but gains were offset by profit-taking in most banking shares.
The Asian Development Bank on Tuesday raised Vietnam's gross domestic product growth this year to 6.5 percent, from its previous estimation of 6.1 percent.
"It's a positive catalyst but is not highly appreciated by the market because ADB is not the only forecaster," said analyst Le Ha of Vietcombank Securities.
Top dairy products maker Vinamilk VNM.HM outperformed the market with a 3.03 percent rise while most banks fell, led by Vietcombank VCB.HM , the country's biggest firm by market value, that lost 0.22 percent.
Here is a snapshot of the VN Index at close :
VN Index 573.20
PREV. CLOSE 572.12
% CHANGE +0.19%
SE Asia Stocks -Fall in light volumes; Thai banks weak
Southeast Asian stock markets mostly fell in light volumes on Tuesday as energy shares tracked falls in global oil prices, while weaknesses in banking shares amid concerns about loans to an ailing steel firm sent the Thai index to a one-week closing low.
Bangkok's SET index .SETI shed nearly 1 percent after four sessions of gains. The index closed at 1,379.32, its lowest closing since Sept. 15.
Shares of Krung Thai Bank Pcl KTB.BK , the most actively traded by turnover, dropped 2.8 percent to a near one-month low, reflecting potential impact of loans to Sahaviriya Steel Industries Pcl SSI.BK on the bank's earnings.
Maybank Kim Eng Securities downgraded Krung Thai Bank to "hold" from "buy".
"Even as exposure to SSI loans will be fully provisioned, KTB's NPL coverage will still be lower than 130 percent, the desired level we think and hence the need for more provisioning in the following quarters," the broker said in a report.
SSI shares plunged 20 percent and Siam Commercial Bank SCB.BK , among its creditors, dropped 1 percent. The steel firm and its three creditors agreed on Monday to consider options to restructure debt worth over 50 billion baht ($1.40 billion).
Stocks in Malaysia .KLSE extended their slides for a third session, Singapore .STI gave up early gains and Indonesia .JKSE hit a near one-week low, all with trading volumes below the 30-day average ahead of a public holiday on Thursday.
Among top losers in the region, Indonesia's Perusahaan Gas Negara PGAS.JK was down 4.4 percent and Singapore's Keppel Corp KPLM.SI was down 2.5 percent as crude oil prices fell amid uncertainty over global demand.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 2868.47 2882.27 -0.48
Kuala Lumpur 1635.37 1639.47 -0.25
Bangkok 1379.32 1392.73 -0.96
Jakarta 4344.04 4376.08 -0.73
Manila 7051.23 7092.41 -0.58
Ho Chi Minh 573.20 572.12 +0.19