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ASEAN STOCK WATCH Asean Affairs  9 May2013 

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Tevin Vongvanich, President and Chief Executive Officer of PTT Exploration and Production Public Company Limited (PTTEP), revealed that the company’s investment feasibility study has been underway in Papua New Guinea.

He stated that the plan was conceived to help Thailand achieve energy security in the future when local demand is expected to surpass domestic supply.

The President and CEO of PTTEP said Papua New Guinea is considered a possible investment destination as the country has been discovered with natural gas deposits and its liquefied natural gas development project has already begun.

Tevin added that the government of Papua New Guinea extended an official invitation to Prime Minister Yingluck Shinawatra during her recent trip to the South Pacific nation for Thailand to conduct an exploration project.

He said PTTEP is in the middle of data collection and analysis to determine the quality of the natural gas deposits and if the investment will be worthwhile.


The FBM KLCI index lost 2.73 points or 0.15% on Wednesday. The Finance Index fell 0.26% to 16815.39 points, the Properties Index dropped 1.26% to 1314.88 points and the Plantation Index down 0.10% to 8191.3 points. The market traded within a range of 14.40 points between an intra-day high of 1783.57 and a low of 1769.17 during the session.

Actively traded stocks include MAS-OR, CLIQ-WA, THHEAVY, SCOMI, MAS, ASTRO, ALAM, THHEAVY-WA, CIMB and ASTRO-CB. Trading volume increased to 2342.25 mil shares worth RM2857.47 mil as compared to Tuesday’s 2305.36 mil shares worth RM4063.07 mil.

Leading Movers were PETGAS (+38 sen to RM20.50), PETDAG (+20 sen to RM24.60), PBBANK (+12 sen to RM16.76), HLBANK (+8 sen to RM14.60) and ASTRO (+6 sen to RM3.10). Lagging Movers were BAT (-16 sen to RM64.24), MAYBANK (-12 sen to RM10.16), PPB (-10 sen to RM12.90), GENM (-10 sen to RM3.79) and UEMLAND (-8 sen to RM3.20). Market breadth was negative with 391 gainers as compared to 423 losers.

Winning streak of the benchmark index in the past two days was halted and closed moderately lower at 1774 points. Investors took profit following the KLCI Index gained a hefty 82 points in the past two days. The weaker performance of our local bourse was bucking the strong showing of U.S. market that scaled new high overnight and broadly higher Asian markets which buoyed by strong Chinese trade data.


Sumitomo Mitsui Banking Corp (SMBC) said it agreed to acquire as much as 40 percent of Indonesian lender BTPN, giving the Japanese bank a foothold in the fast-growing Southeast Asian economy.

SMBC’s pursuit of Indonesia’s seventh-biggest bank underscores a sustained push abroad by Japanese companies to beat sluggish growth in their home market.

SMBC will first buy 24.26 percent of BTPN for 6,500 rupiah per share, a 14 percent premium to BTPN’s last traded price – paying 9.12 trillion rupiah ($937 million) according to Reuters calculations.

It is buying most of it from TPG Capital, which acquired 71.6 percent of Bank Tabungan Pensiunan Nasional Tbk PT (BTPN) in 2008.

For TPG, the partial sale is another example of a profitable exit from a financial services related business in Asia. TPG and its Indonesian affiliate North Star paid about $195 million for the stake in 2008.

SMBC will raise its stake in the Indonesian lender to 40 percent as long as it wins regulatory approval, the Japanese bank said in a statement on Wednesday.


The FTSE Straits Times Index (STI) ended +29.86 points higher or +0.88% higher to 3,413.02, taking the year-to-date performance to +7.77%.

The FTSE ST Mid Cap Index gained +0.54% while the FTSE ST Small Cap Index gained +0.50%.

The top active stocks were DBS (+1.67%), Kep Corp (+0.29%), Genting SP (+2.35%), Singtel (+0.52%), and Wilmar (+2.12%).

The outperforming sectors today were represented by the FTSE ST Consumer Goods which gained +1.32%. The two biggest stocks of the Consumer Goods Index are Wilmar International (+2.12%) and Thai Beverage (-0.80%). The underperforming sector, FTSE ST Technology, gained +0.12% with Liongold Corp LT gaining +0.44% and Stats Chippac gaining +1.21%. The FTSE ST Real Estate Index gained +0.38%, FTSE ST Consumer Services gained +0.70% and the FTSE ST Utilities gained +1.14%.

The three most active Exchange Traded Funds (ETFs) by value today were LYXOR CHINA H 10 (+1.46%), IS MSCI INDIA 100 (+1.08%) and DBXT S&P/ASX 200 ETF (unchanged).

The three most active Real Estate Investment Trusts (REITs) by value were Ascendasreit (+1.10%), CapitaMall (-0.42%) and CapitaComm (+0.29%).

The most active index warrants by value today were HSI22400MBeCW130627 (+4.20%), HSI22800MBeCW130530 (+14.29%) and HSI23000MBePW130627 (-7.05%).

The most active stock warrants by value today were HutchWhamUBeCW130927 (-0.71%), DBS MB eCW131001 (unchanged), and KepCorp MBeCW131001 (+4.71%).

*Please note the Real Estate, Consumer Services and Utilities sectors will be the focus of SGX My Gateway Educational events in 2Q13.

ASEAN Stock Exchange Preview

Tokyo closed up 0.74 percent, or 105.45 points, at 14,285.69—a day after the Nikkei finished at its highest level in almost five years—while Seoul increased 0.11 percent, or 2.10 points, to end at 1,956.45.

Sydney responded positively to Tuesday’s decision by Australia’s central bank to cut interest rates to an all-time low of 2.75 percent, rising 1.09 percent, or 56.1 points, to 5,199.8.

Hong Kong closed up 0.86 percent, or 197.26 points, at 23,244.35. Shanghai added 0.48 percent, or 10.73 points, to 2,246.30 as data showed China recorded a higher than expected $18.2 billion trade surplus in April.

– Taipei rose 1.27 percent, or 104.03 points, to 8,267.09.

Acer increased 2.26 percent to Tw$24.85 while TSMC was 1.78 percent higher at Tw$114.5.

– Wellington was up 0.40 percent, or 18.55 points, at 4,640.28.

Telecom Corp. was up 0.19 percent at NZ$2.69 and Contact Energy rose 2.37 percent to NZ$5.61.

– Manila closed 0.49 percent, or 35.18 points, higher at 7,181.30.

Top-traded SM Investments Corp. gained 0.17 percent to 1,152 pesos while Philippine Long Distance Telephone Co. rose 1.04 percent to 3,108 pesos.

– Singapore rose 0.88 percent, or 29.86 points, to close at 3,413.02.

United Overseas Bank gained 1.25 percent to Sg$21.80 while Singapore Airlines was up 0.63 percent at Sg$11.25.

– Jakarta increased 0.92 percent, or 46.55 points, to 5,089.34.

Miner Aneka Tambang rose 0.74 percent to 1,370 rupiah and Telekomunikasi Indonesia gained 0.85 percent to 11,800 rupiah.

– Bangkok rose 0.81 percent, or 13.0 points, to 1,614.15.

Telecom firm Advanced Info Service gained 3.7 percent to 280 baht and True Corp. climbed 6.4 percent to 9.15 baht.

– Kuala Lumpur was down 0.15 percent, or 2.73 points, at 1,774.00.

Shayne Heffernan Ph.D.
Economist/Hedge Fund Manager

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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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