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ASEAN STOCK WATCH Asean Affairs  17 September  2014 



Singapore

17 September 2014

The Straits Times Index (STI) ended +23.86 points higher or +0.73% to 3296.48, taking the year-to-date performance to +4.16%.

The FTSE ST Mid Cap Index gained +0.53% while the FTSE ST Small Cap Index gained +0.61%. The top active stocks were DBS (+0.72%), UOB (+0.13%), SingTel (+0.53%), Keppel Corp (+1.05%) and Genting Sing (+2.28%).

The outperforming sectors today were represented by the FTSE ST Technology Index (+3.58%). The two biggest stocks of the FTSE ST Technology Index are Silverlake Axis (+6.35%) and STATS ChipPAC (+2.46%). The underperforming sector was the FTSE ST Utilities Index, which declined -0.68% with United Envirotech’s share price declining -0.37% and Hyflux’s share price declining -1.37%. The FTSE ST Consumer Services Index gained +0.26%. The FTSE ST Real Estate Index gained +0.80%.

The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (-0.30%), IS MSCI India (-0.13%), SPDR Straits Times Index ETF (+2.46%).

The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (-0.84%), CapitaCommercial Trust (+0.91%), CapitaMall Trust (-0.26%).

The most active index warrants by value today were HSI24600MBeCW141030 (+15.05%), HSI24400MBePW141030 (-12.77%), HSI24500VTePW141127 (-6.59%).

The most active stock warrants by value today were DBS MB eCW150106 (+3.97%), UOB MB eCW141201 (-0.87%), OCBC Bk MBeCW150302 (+8.97%).


 Singapore Stock Market
                                   Wednesday                       Tuesday
*ST Index             3,296.48  +23.86           3,272.62  -39.85
Volume:                     1,355.8M                         1,538.2M
Value:                         $924.7M                       $1,260.9M
Gainers/Losers:            274/144                             87/396


Malaysia

Daily Market Commentary (Securities)
17 Sep 2014

The FBM KLCI index lost 3.52 points or 0.19% on Wednesday. The Finance Index fell 0.22% to 17251.07 points, the Properties Index dropped 0.31% to 1489.62 points and the Plantation Index down 0.97% to 8371.05 points. The market traded within a range of 4.69 points between an intra-day high of 1845.74 and a low of 1841.05 during the session.

Actively traded stocks include ASIABIO, IBHD-LR, NIH SIN, PWORTH, KTB, SUMATEC, NOVAMSC, GPA, FOCUS and PASUKGB. Trading volume increased to 2233.42 mil shares worth RM2300.57 mil as compared to Monday’s 1937.22 mil shares worth RM1753.88 mil.

Leading Movers were KLCC (+15 sen to RM6.65), ASTRO (+7 sen to RM3.32), MISC (+10 sen to RM6.89), SIME (+7 sen to RM9.22) and BAT (+40 sen to RM71.20). Lagging Movers were GENM (-11 sen to RM4.24), FGV (-8 sen to RM3.57), HLFG (-30 sen to RM17.42), RHBCAP (-15 sen to RM8.97) and KLK (-24 sen to RM21.28). Market breadth was negative with 299 gainers as compared to 520 losers.

The day ended with the KLCI closing lower at 1843.78 points despite of positive overnight performance by Wall Street. Market sentiment was muted due to lack of fresh catalyst and local investors await the BNM policy decision for market clues.


Indonesia

Trade Summary
Date As of:     17 September 2014    
Description               Volume                           Value          Frequency
Total              5,724,265,239      5,666,680,698,711            222,315
ETF                         177,800                  19,157,000                    40
Stock             5,652,870,839      5,663,230,019,211           220,407
Warrant               71,216,600            3,431,522,500                1,868


Thailand

Thai alternative bourse welcomes steel wires producer Rayong Wire
 

BANGKOK, September 17, 2014 - Market for Alternative Investment (mai), under The Stock Exchange of Thailand (SET) group, will list Rayong Wire Industries pcl on September 18, under the ticker symbol "RWI". The company has a market capitalization at its initial public offering (IPO) of THB 960 million (approx.USD 30 million).
 
mai President Prapan Charoenprawatt said RWI, the eleventh new listing on mai this year, was a subsidiary of Capital Engineering Network pcl (CEN), a SET-listed company, with an aim to encourage its subsidiaries to acquire their own strong business growth. Therefore, the spin-off of RWI would build financial strength and prepare the company for future productivity expansion serving increasing demand of the country's high tension steel wires following Thailand's  economic growth and the upcoming mega infrastructure projects.
 
RWI is the manufacturer and distributor of quality steel wires with key products consisting of pre-stressed concrete wire and pre-stressed concrete used in construction, such as producers of piling, electricity poles, pre-fabricated flooring, bridge beam, selling to government units and state enterprises.
 
It has a paid-up registered capital of THB 300 million, consisting of 450  million existing common shares and 150 million newly-issued shares, with a par
value of THB 0.50. Of the new shares issued, 60 million shares were sold to CEN's shareholders on September 3-5, and 90 million shares were offered to the general public via initial public offerings (IPOs) at THB 1.60 during September 10-12 for the total of THB 240 million. KT Zmico Securities Co., Ltd.  is its financial advisor and lead underwriter.
 
Assoc. Prof. Dr. Chenin Chen, RWI's managing director, said that the spin-off to list RWI on mai would enable the company to raise fund for expansions and enhance its productivity effectiveness, to cope with the construction industry's growth outlook and the country's infrastructure development indicating clearer direction.
 
RWI's three major shareholders after the IPOs are Capital Engineering Network  Public Company Limited (75 percent), Leenabanchong's Family (2.83 percent), and Mr.Jirawuth Kuwanan (1.02 percent). The IPO price was equivalent to price per earnings ratio (P/E ratio) of 8.58 times, calculated by using the company's net profit in the past 12 months (March 31, 2013 - March 31, 2014) divided by fully diluted shares, representing earnings per share of THB 0.19. RWI's dividend policy is to pay no less than 50 percent of net profits after taxes and reserves.
 
Trading Summary

As of   17 September  2014         Unit: M.Baht
Type                           Buy                   Sell                   Net
Institution              2,719.77          2,677.98                41.79     
Proprietary            3,282.75          4,248.47             -965.72     
Foreign               11,821.96          9,585.03            2,236.93     
Individual            28,743.85        30,056.86          -1,313.00     
Total Trading Value     46,568.33 M.Baht     


Vietnam

Vietnam index falls 0.3 pct, securities outperform


 Vietnam's benchmark VN Index   fell 0.32 percent at the close on Wednesday as losses in large-caps erased gains in the brokerage sector.
   
 Four out of the top five biggest firms by capitalisation lost ground, led by a 0.83 percent fall of PetroVietNam Gas, which accounts for a fifth of the market value.
    
Shares of brokerage firms soared on Wednesday as investors expected them to benefit from strong gains in the broader market in the third quarter, analysts said.
    
Ho Chi Minh City Securities Corp  jumped 6.98 percent to end at 41,400 dong ($1.95) each, a closing high of more than five months, with a record high volume of 3.96 million shares.

Saigon Securities Incorp    climbed 6.92 percent to its highest close since January 2011, also in solid volume.
   
"The market has been rising in terms of both points and liquidity, so everyone expects brokerage firms to perform well," said analyst Le Dac An of Tan Viet Securities.
   
 Vietnam has been Southeast Asia's best performer since the beginning of this year with the index rising 23.98 percent,  
    
Here is a snapshot of the VN Index  at the close (

                        VN Index      625.66             
                PREV. CLOSE      627.66             
                   % CHANGE      -0.32%             
                                                    
                       HIGH      632.22             
                        LOW      625.66             
                                           

Asean

SE Asia Stocks-Indonesia, Philippine at 1-week high amid Fed rate speculation

Stocks in Indonesia and the Philippines hit one-week highs on Wednesday amid speculation the U.S. Federal Reserve will maintain a pledge on low rates, with banking shares leading gains in Thai market after the central bank kept rate steady.
    
The Fed will wrap up its two-day policy meeting later on Wednesday.  
   
 Foreign-led buying boosted Indonesian large-caps such as Telkom Indonesia, sending Jakarta's composite index  1.1 percent higher at 5,188.18, the highest close since Sept. 9.
    
The Philippine stock market   saw foreign inflows into shares such as BDO Unibank   and Bank of the Philippine Islands   which brought the key index   to 7,231.84, the highest close since Sept. 9.
    
Investors in Bangkok bought interest sensitive banking stocks after the Bank of Thailand maintained its policy rate at  2 percent as expected. Shares of Bangkok Bank   jumped 2.4 percent to a one-week closing high.  
    
The SET index    was up 0.3 percent, rebounding from a more than two-week closing low hit in the previous session. It  had risen 21 percent so far this year, with retail investors dominating about two-thirds of daily trading value.
 
    
Thailand's Securities and Exchange Commission (SEC) has asked stock market authorities and brokerage firms to strictly monitor trading in share markets.
     

SOUTHEAST ASIAN STOCK MARKETS

 Market                   Current         Prev Close      Pct Move
 Singapore              3296.48            3272.62          +0.73
 Kuala Lumpur       1843.78            1847.30           -0.19
 Bangkok               1570.64            1565.41          +0.33
 Jakarta                 5188.18             5130.50          +1.12
 Manila                  7231.84             7180.34          +0.72
 Ho Chi Minh          625.66               627.66           -0.32
 




 
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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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