ASEAN KEY DESTINATIONS
27 July 2015
The Straits Times Index (STI) ended 39.23 points or 1.17% lower to 3313.42, taking the year-to-date performance to -1.54%.
The top active stocks today were Global Logistic, which declined 1.97%, OCBC Bank, which declined 1.15%, Singtel, which declined 0.92%, DBS, which declined 1.50% and CapitaLand, with a 2.05% fall.
The FTSE ST Mid Cap Index declined 1.28%, while the FTSE ST Small Cap Index declined 1.37%.
The outperforming sectors today were represented by the FTSE ST Telecommunications Index, which declined 0.81%. The two biggest stocks of the Index - Singtel and StarHub – ended 0.92% lower and 0.51% higher respectively.
The underperforming sector was the FTSE ST Utilities Index, which slipped 2.87%. China Everbright Watershares declined 3.49% and SIIC Environment Holdings declined 6.60%.
The three most active Exchange Traded Funds (ETFs) by value today were:
STI ETF (-1.17%)
IS MSCI India (-2.75%)
Lyxor China H 10 (-2.09%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Ascendas REIT (-1.61%)
CapitaLand Mall Trust (unchanged)
CapitaLand Commercial Trust (unchanged)
The most active index warrants by value today were:
The most active stock warrants by value today were:
OCBC Bk MBeCW151201 (-9.77%)
SGX MB eCW160601 (-11.77%)
DBS MB eCW151001 (-20.23%)
Singapore Stock Market
*ST Index 3,313.42 -39.23 3,352.65 -3.72
Volume: 1,738.1M 1,677.4M
Value: $982M $959.3M
Gainers/Losers: 93/402 183/269
Daily Market Commentary (Securities)
27 July 2015
The FBM KLCI index lost 11.00 points or 0.64% on Monday. The Finance Index fell 1.03% to 15387.86 points, the Properties Index dropped 0.35% to 1229.57 points and the Plantation Index down 0.61% to 7379.2 points. The market traded within a range of 8.84 points between an intra-day high of 1718.60 and a low of 1709.76 during the session.
Actively traded stocks include IKHMAS, IDMENSN, TMS, IDMENSN-WA, UTOPOA, FRONTKN, LEESK, CHINA50-H1, FBMKLCI-HL and PENSONI-WB. Trading volume increased to 2216.61 mil shares worth RM1779.51 mil as compared to Friday’s 1749.61 mil shares worth RM1502.19 mil.
Leading Movers were BAT (+112 sen to RM65.72), DIGI (+5 sen to RM5.43), HLFG (+10 sen to RM15.54), PETCHEM (+2 sen to RM6.35) and AMMB (+1 sen to RM5.64). Lagging Movers were YTL (-5 sen to RM1.55), CIMB (-17 sen to RM5.33), ASTRO (-7 sen to RM2.96), RHBCAP (-17 sen to RM7.22) and WPRTS (-8 sen to RM4.00). Market breadth was positive with 290 gainers as compared to 609 losers.
The KLCI extended its losing streak after closing lower at 1709.76 points amid last Friday losses in US market as investors concerned on slowdown in China’s economy. The performance of our local bourse was in line with most of our regional peers following the largest one-day drop in Shanghai Composite Index.
Date As of: 27 July 2015
Description Volume Value Frequency
ETF 163,700 128,928,200 47
Stock 4,502,097,997 4,789,409,417,779 172,866
Warrant 5,478,400 128,443,600 183
Total 4,507,740,097 4,789,666,789,579 173,096
Thai bourse to list WICE Logistics on July 28
BANGKOK, July 27, 2015 -The Stock Exchange of Thailand (SET) will list WICE Logistics pcl, an international one-stop logistics solutions provider, on July 28, under the ticker symbol "WICE". The company has a market capitalization at its initial public offering (IPO) of THB 1.26 billion (approximately USD 37 million).
SET Executive Vice President Santi Kiranand said that WICE would list on SET in Services industry, Transportation & Logistics sector. WICE was an international one-stop logistics solutions provider, offering services from sea freight and air freight import-export covering 100 countries worldwide, as well as handling customs clearance and domestic transportation. The company had strong expertise and experiences in sea freight shipments with routes covering key ports in global commercial hubs. The United States is among the main market, followed by Japan, Australia and China, respectively.
WICE 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 each. It offered newly issued shares to the general public via IPO during July 20-22 at THB 2.10 each for a total of THB 315 million. Phillip Securities (Thailand) pcl is the financial advisor and underwriter.
WICE Chief Executive Officer Araya Kongsoonthorn said that this enlisted in SET would enhance the company's business opportunities and growth. The fund raised would be for building warehouse and trailer parking lots, buying trailers, developing information technology system, as well as for working capital which would accommodate much growing demand on logistics services
WICE's three major shareholders after IPO are Kongsoonthorn and Tantisoonthorn groups (64.7 percent), Lim Meng Pui group (7.8 percent) and Fung Tai Wai (2.6 percent). The IPO price was equivalent to price-to-earnings ratio (P/E) of 21 times, calculated by using the net profit in the past four quarters (from April, 1 2014 to March,31 2015) of 59.98 million, divided by the number of fully-diluted shares, representing earnings per share of THB 0.10. WICE's dividend payment policy is to pay no less than 50 percent of net profit after taxes and reserves.
For more information on WICE, 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.wice.co.th , as well aswww.set.or.th .
SET "Towards the 5th Decade of Sustainable Wealth for Thais"
As of 27 July 2015 Unit: M.Baht Unit: M.Bah
Type Buy Sell Net
Institution 4,089.67 5,006.89 -917.22
Proprietary 4,321.26 5,024.76 -703.50
Foreign 9,805.24 11,309.80 -1,504.56
Individual 22,043.38 18,918.11 3,125.27
Total Trading Value 40,259.54 M.Baht
Vietnam index ends up 0.7 pct, banks lead
Vietnam's benchmark VN Index .VNI ended up 0.67 percent at the close on Monday after a correction late last week, lifted by several banks and Hoa Phat Group HPG.HM due in part to expectations of positive corporate results.
Hanoi-based Vietcombank VCB.HM , the country's biggest firm by market value, edged up 0.99 percent, followed by lender VietinBank CTG.HM that rallied 1.32 percent and BIDV BID.HM with a 2.33-percent rise.
Steel firm Hoa Phat Group advanced 2.89 percent to close at 35,600 dong ($1.63) each, the highest since Jan. 21.
The company's managing board has proposed to raise the net profit target in 2015 by 41 percent to 3.25 trillion dong, and also set the 2015 dividend at 30 percent, instead of 20 percent earlier, it said in a statement.
Traders expect the index to gain further in coming sessions.
Here is a snapshot of the VN Index .VNI at the close
VN Index 635.46
PREV. CLOSE 631.26
% CHANGE 0.67%
SE Asia Stocks - Most fall; Thai index near 14-month low
Most Southeast Asian stock markets fell more than 1 percent on Monday as selloffs in China and Asian shares prompted investors to cut risk holdings, with the Thai benchmark hitting a near 14-month low after June exports tumbled more than expected.
The Thai SET index .SETI fell 1.8 percent to 1,412.55, its lowest close since May 29, 2014, led down by a 1.6 percent drop in shares of mobile phone firm Advanced Info Service ADVANC.BK , the most actively traded.
Data released by the Commerce Ministry showed the June exports fall was the biggest drop since late 2011, indicating the country's weaker currency is not yet helping fire up the country's traditional long-stalled growth engine.
Jakarta's composite index .JKSE ended the day down 1.8 percent at the lowest close since April 2014, while the Philippines .PSI snapped a four-day rising streak, retreating 1.5 percent.
Singapore .FTSTI fell for a fifth day to a two-week closing low and Malaysia .KLSE posted a fourth straight day of losses.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 1.7 percent amid worries over China and investors braced for a Federal Reserve meeting that might take another small step toward lifting U.S. interest rates.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
Singapore 3313.42 3352.65 -1.17
Kuala Lumpur 1709.76 1720.76 -0.64
Bangkok 1412.55 1438.08 -1.78
Jakarta 4771.28 4856.59 -1.76
Manila 7547.44 7665.52 -1.54
Ho Chi Minh 635.46 631.26 +0.67