ASEAN KEY DESTINATIONS
30 September 2014
The Straits Times Index (STI) ended -12.98 points lower or -0.39% to 3276.74, taking the year-to-date performance to +3.53%.
The FTSE ST Mid Cap Index declined -0.13% while the FTSE ST Small Cap Index declined -0.32%. The top active stocks were Noble (-6.81%), SingTel (-0.26%), DBS (-0.54%), UOB (-0.71%) and OCBC Bank (-0.10%).
The outperforming sectors today were represented by the FTSE ST Consumer Goods Index (+1.77%). The two biggest stocks of the FTSE ST Consumer Goods Index are Wilmar International (-0.64%) and Thai Beverage (+6.25%). The underperforming sector was the FTSE ST Utilities Index, which declined -1.12% with United Envirotech’s share price declining -2.87% and Hyflux’s share price declining -0.94%. The FTSE ST Consumer Services Index declined -1.01%. The FTSE ST Real Estate Index declined -0.43%.
The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (-0.54%), DBXT MSCI Indonesia ETF (-0.49%), SPDR Gold Shares (-0.20%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaCom Trust (-0.31%), CapitaMall Trust (unchanged), Ascendas REIT (-0.88%).
The most active index warrants by value today were HSI23600MBeCW141127 (-24.19%), HSI23400MBePW141127 (+17.65%), HSI23800MBePW141030 (+16.37%).
The most active stock warrants by value today were DBS MB eCW150106 (-6.43%), OCBC Bk MBeCW150302 (-3.57%), UOB MB eCW141201 (-11.11%).
Singapore Stock Market
*ST Index 3,276.74 -12.98 3,289.72 -2.49
Volume: 1,690.6M 1,002.6M
Value: $1,701.2M $682.1M
Gainers/Losers: 161/272 186/222
Daily Market Commentary (Securities)
30 Sep 2014
The FBM KLCI index lost 0.03 points or 0.00% on Tuesday. The Finance Index fell 0.20% to 17229.35 points, the Properties Index dropped 0.04% to 1492.9 points and the Plantation Index down 0.43% to 8361.36 points. The market traded within a range of 11.86 points between an intra-day high of 1854.21 and a low of 1842.35 during the session.
Actively traded stocks include MUIIND, ASIABIO, BJCORP, SUMATEC, PMHLDG, TALAMT, JAG, OLYMPIA, DAYA and PDZ. Trading volume increased to 2730.06 mil shares worth RM2536.31 mil as compared to Monday’s 2602.11 mil shares worth RM1879.70 mil.
Leading Movers were UMW (+34 sen to RM12.26), GENTING (+15 sen to RM9.49), IHH (+6 sen to RM5.08), TM (+7 sen to RM6.60) and HLBANK (+12 sen to RM14.62). Lagging Movers were MISC (-17 sen to RM6.75), CIMB (-16 sen to RM7.03), KLK (-42 sen to RM21.08), YTL (-2 sen to RM1.68) and HLFG (-16 sen to RM17.60). Market breadth was negative with 355 gainers as compared to 455 losers.
The KLCI ended marginally lower by 0.03 points at 1846.31, amid lower close in Wall Street as investors weighed on the rising protest in Hong Kong. The performance of our benchmark index was dragged down by selling in banking counters such as CIMB, Hong Leong Financial and RHB Capital.
Date As of: 30 September 2014
Description Volume Value Frequency
Total 7,259,679,072 6,251,017,722,555 265,687
ETF 1,600 1,101,700 13
Stock 7,112,968,972 6,249,214,260,855 264,303
Warrant 146,708,500 1,802,360,000 1,371
Thailand's first REIT "IMPACT" to be listed on Oct 1
BANGKOK, September 30, 2014 - The Stock Exchange of Thailand (SET) will list IMPACT Growth Real Estate Investment Trust (REIT) worth THB 15.71 billion (approx. USD 491 million) on its main board on October 1, under the ticker "IMPACT".
SET Executive Vice President Chanitr Charnchainarong said that IMPACT, the first REIT in the Thai capital market, would list and start trading on the Thai bourse's Property Fund & REITs sector. Being listed as REITs, the firm could invest in more various properties than typical property fund, while the REITs could also boost investment choices for investors and funding opportunities for entrepreneurs.
IMPACT offered 1,482.50 million units via an initial public offering (IPO) at THB 10.60 per unit during September 8-19, with total value of THB 15.71 billion.
IMPACT is managed by RMI Co., Ltd., a subsidiary of IMPACT Exhibition Management Co., Ltd. Kasikorn Asset Management Co., Ltd. is the trustee and Maybank Kim Eng Securities (Thailand) pcl is the financial advisor and one of the underwriters, together with Kasikornbank pcl and Kasikorn Securities pcl.
It has invested in freehold right of Building Exhibition and Conference of Project IMPACT, Muang Thong Thani, on 4 buildings, consisting of IMPACT Arena, IMPACT Exhibition Center, IMPACT Forum and IMPACT Challenger, including utilities system and equipment, as well as rights to manage some parking areas in the compound.
RMI Managing Director Wanphen Mungpiensakul said IMPACT would invest on its current site as Southeast Asia's biggest exhibition center and meeting hall accommodating more than 8,000 exhibitions from exhibitors worldwide. With its 15-year property management expertise, IMPACT Exhibition Management Co., Ltd., a subsidiary of Bangkok Land pcl (BLAND), and its strategically prime location, it was a believe that IMPACT could provide good returns for the trust unit holders in the long run.
IMPACT's dividend policy is to pay up to four times a year at no less than 90 percent of adjusted net profit of its financial year. IMPACT's three major unit holders after its IPO are IMPACT Exhibition Management Co., Ltd. (50 percent), Allianz Ayudhya Insurance pcl (2.2 percent), and The Government Savings Bank, Thai Life Insurance pcl, and Southeast Life Insurance Co., Ltd. (each holding 1.3 percent)
As of 30 September 2014 Unit: M.Baht
Type Buy Sell Net
Institution 3,366.28 3,315.80 50.48
Proprietary 3,882.04 3,878.77 3.28
Foreign 12,145.65 12,570.87 -425.22
Individual 30,125.33 29,753.87 371.46
Total Trading Value 49,519.30 M.Baht
Vietnam index ends 0.2 pct down, VIC falls on bonds
Vietnam's benchmark VN Index edged down 0.16 percent, the third straight fall, as investors extended offloading shares of property firm Vingroup ahead of its bonds price adjustment scheduled this Friday.
Investors have converted VIC bonds into shares and gained short-term profit by selling the equities at market price, which have been higher than bonds' face value, before Vingroup announces its annual adjustment of the bonds price this Friday, analysts said.
VIC closed down 1.03 percent at 48,000 dong ($2.26), having lost a combined 14 percent over the past five sessions. VIC bonds now have face value of around 40,000 dong.
"We expect investors to sell at least another 20 million shares this week," said deputy manager Nguyen Thanh Lam of Maybank Kim Eng Securities, adding that investors could pick up VIC shares at 45,000 dong each.
The broader market has more stocks rising than losing, but the index closed down as most big-cap equities fell, including PetroVietNam Gas , which holds a fifth of total market value, with a 0.93 percent decline.
The index outlook is still positive until the year-end thanks to optimistic macroeconomic data, but short-term adjustments may extend, possibly dragging the market down to as low as 580 points, Lam added.
Here is a snapshot of the VN Index at the close
VN Index 598.8
PREV. CLOSE 599.78
% CHANGE -0.16%
SE Asia Stocks - Thai shares trim losses; PTT rallies after hike in gas prices
Southeast Asian stock markets ended mostly lower on Tuesday amid weaknesses in Asian stocks and political unrest in Hong Kong, but late buying in PTT after gas price hikes helped the Thai index recoup early losses.
Thailand's military-backed government said it will raise prices of liquefied petroleum gas (LPG) for transportation and natural gas for vehicles (NGV) from Oct. 1, as part of its energy reforms.
PTT said it expected losses incurred from its NGV business would reduce by 2 billion baht ($61.7 million) per year after the NGV price hike of 1 baht/kg to 11.50 baht, sending its stock 1.98 percent higher, the biggest one-day gain in four weeks.
The SET index ended nearly flat, rebounding from an intraday low of 1,581.17. The benchmark rose 6.7 percent in the
July-September period, its third straight quarterly gain and was the best performer in Southeast Asia.
Asian markets were in a hesitant mood on Tuesday as investors wondered what China's response would be to civil unrest in Hong Kong.
Investors also looked forward to the European Central Bank policy meeting on Thursday to gauge the direction of fund flows to the region, according to brokers.
Most Southeast Asian stocks notched up gains for the three months ended September. The Philippines rose 6.4 percent, Indonesia put on 5.3 percent, Vietnam 3.6 percent and Singapore 0.7 percent.
Malaysia bucked the trend, falling 1.9 percent.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3276.74 3289.72 -0.39
Kuala Lumpur 1846.31 1846.34 0.00
Bangkok 1585.67 1585.79 -0.01
Jakarta 5137.58 5142.01 -0.09
Manila 7283.07 7265.36 +0.24
Ho Chi Minh 598.80 599.78 -0.16