ASEAN KEY DESTINATIONS
04 April 2016
The Straits Times Index (STI) ended 16.86 points or 0.6% higher to 2835.35, taking the year-to-date performance to -1.64%.
The top active stocks today were SingTel, which gained 1.33%, DBS, which declined 0.26%, Global Logistic, which gained 2.58%, UOB, which gained 0.37% and Keppel Corp, with a 1.38% fall.
The FTSE ST Mid Cap Index gained 0.07%, while the FTSE ST Small Cap Index declined 0.20%.
The outperforming sectors today were represented by the FTSE ST Real Estate Holding and Development Index, which rose 1.27%. The two biggest stocks of the Index - Hongkong Land Holdings and Global Logistic Properties – ended 0.51% higher and 2.58% higher respectively.
The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 1.27%. Keppel Corp shares declined 1.38% and Sembcorp Industries remained unchanged.
The three most active Exchange Traded Funds (ETFs) by value today were:
SPDR Gold Shares (-1.34%)
DBXT Stoxx Glob Div 100 ETF 10 (-2.54%)
STI ETF (+0.71%)
The three most active Real Estate Investment Trusts (REITs) by value were:
Capitamall Trust (+0.96%)
Ascendas REIT (+1.26%)
Capitacom Trust (-0.34%)
The most active index warrant by value today was:
STI 2800MBePW160429 (-17.07%)
The most active stock warrants by value today were:
DBS MB eCW160711 (-1.79%)
DBS MB ePW161003 (-0.61%)
KepCorp MBeCW161212 (-5.71%)
For real time price updates throughout the course of the trading day, investors can access and sort market information here.
Singapore Stock Market
*ST Index 2,835.35 +16.86 2,818.49 -22.41
Volume: 1,409.6M 1,407.6M
Value: $743.1M $972.6M
Gainers/Losers: 200/182 145/235
Daily Market Commentary (Securities)
4 April 2016
The FBM KLCI index gained 14.69 points or 0.86% on Monday. The Finance Index increased 1.16% to 14853.02 points, the Properties Index up 0.28% to 1185.81 points and the Plantation Index rose 0.37% to 7875.03 points. The market traded within a range of 16.24 points between an intra-day high of 1725.24 and a low of 1709.00 during the session.
Actively traded stocks include VIVOCOM, AIRASIA, BORNOIL-WC, KANGER-WA, VIVOCOM-WB, BORNOIL, SONA-WA, AIRASIAC31, EKA and APFT. Trading volume increased to 1496.02 mil shares worth RM1728.40 mil as compared to Friday’s 1486.90 mil shares worth RM1725.11 mil.
Leading Movers were GENM (+16 sen to RM4.63), YTL (+4 sen to RM1.64), MAXIS (+15 sen to RM6.42), RHBCAP (+11 sen to RM6.04) and WPRTS (+7 sen to RM4.24). Lagging Movers were PETDAG (-16 sen to RM23.94), KLCC (+1 sen to RM7.16), PETCHEM (+1 sen to RM6.73) and TM (+1 sen to RM6.61). Market breadth was positive with 460 gainers as compared to 335 losers.
The KLCI extended its mid-day gains by ending higher at 1725.54 points. The performance of our benchmark index was in line with gains in Wall Street on last Friday following positive data on domestic employment and manufacturing.
Date As of: 04 April 2016
Description Volume Value Frequency
ETF 7,000 2,769,200 05
Stock 4,617,503,168 4,527,545,977,764 245,090
Warrant 9,041,300 170,494,100 714
Total 4,626,551,468 4,527,719,241,064 245,809
Thai alternative bourse to list CHEWA on April 5
BANGKOK, April 4, 2016 - Market for Alternative Investment (mai), under The Stock Exchange of Thailand group, will list Chewathai pcl, a real estate developer, under the ticker symbol "CHEWA", on April 5. The company has a market capitalization at its initial public offering (IPO) of THB 1.2 billion (approximately USD 33.90 million).
mai President Prapan Charoenprawatt said that CHEWA would list and start trading on mai in the Property & Construction Industry group. CHEWA was a joint venture between Chartchewa Co., Ltd. and TEE Development Pte Ltd., a subsidiary of Singapore's listed real estate developer TEE Land Ltd. CHEWA and its subsidiaries have developed condominiums under the brand, "Chewathai" and "HALLMARK." The company currently has six condominium projects for sales worth a combine THB 5.83 billion, and has one project under construction worth THB 1.04 billion, as well as operating ready-built 10 factories for rent, locating on Amata City industrial estate, presently rent by four tenants.
CHEWA has a paid-up registered capital of THB 750 million, consisting of 488 million existing common shares and 262 million newly issued shares, with a par value of THB 1.00 each. During March 30-31, it offered newly issued shares to the general public via IPO, at THB 1.60 each, for a total of THB 419.20 million.
RHB Securities (Thailand) pcl was the financial advisor and lead underwriter,while KTB Securities (Thailand) Co., Ltd. was a joint lead underwriter.
CHEWA Chairman Chartchai Panichewa said that CHEWA focused on prime site selection with convenient access to transportation and fine surrounding environment, in response to the needs of each customer segment. The listing of CHEWA on mai would increase customers' confidence and strengthen the company's financial capabilities. The fund raised would be used as working capital, debt repayment and to develop future property projects, responding to the business growth.
CHEWA's three major shareholders after the IPO are Chartchai Panichewa group(33.40 percent), TEE Development Pte Ltd. (31.88 percent), and UOB KAY HIAN Private Limited (2.67 percent). The IPO price was equivalent to price-to-earnings ratio (P/E ratio) of 14.42 times calculated by using the company's net profit in the past 12 months (January 1 - December 31, 2015),divided by fully diluted shares, representing earnings per share of THB 0.11.
CHEWA's dividend policy is to pay no less than 40 percent of net profits after taxes and reserves.
As of 4 April 2016 Unit: M.Baht
Type Buy Sell Net
Institution 4,706.96 4,428.46 278.50
Proprietary 4,025.23 3,515.07 510.16
Foreign 7,579.86 8,507.47 -927.61
Individual 19,744.95 19,606.00 138.94
Total Trading Value 36,057.01 M.Baht
Vietnam stock index drops, Eximbank tumbles on audited earnings
Vietnam's benchmark VN Index .VNI fell 0.47 percent on Monday, dragged down by energy stocks amid lower oil prices and Eximbank EIB.HM on downbeat audited earnings.
The lender tumbled 3.81 percent after its retained earnings were adjusted to a loss of 834.6 billion dong from a profit
of 114 billion dong in 2014, and to a loss of 817.5 billion dong from 161.6 billion dong in 2015.
PetroVietnam Gas GAS.HM fell 2.65 percent after oil prices declined on dimming prospect of output restraint.
Here is a snapshot of the VN Index .VNI at the close
VN Index 555.82
PREV. CLOSE 558.43
% CHANGE -0.47%
SE Asia Stocks-Most up; Singapore rebounds on property stocks
Most Southeast Asian stock markets closed higher on Monday, in line with other Asian indexes after a strong U.S. jobs report on Friday failed to change the view that the Federal Reserve will raise interest rates only once this year, if at all.
Singapore's Strait Times Index .STI rose 0.6 percent, rebounding from a 0.8 percent fall on Friday when it closed at
its lowest level since March 10.
Property developers in Singapore were the biggest gainers. City Developments Ltd CTDM.SI led the market with a
2.9 percent gain and closed at its highest since Sept 9, 2015.
Singapore home prices fell at a lower-than-expected rate, indicating resilience in the property market, broker Maybank
Kim Eng said in a note. A recent reversal in interest rates should also support property prices, the broker added.
A report on Friday showed the U.S. economy added more jobs than expected last month, while another showed U.S.
factory activity expanded in March for the first time in six months, helping ease concerns about a slump in the global activity.
But, the upbeat reports were offset by Fed Chair Janet Yellen saying last week the central bank would proceed
cautiously in raising rates.
"Employment remains the strongest and more resilient pillar of the U.S. economic recovery. Still, the report is unlikely
to be a game changer and the Fed will most likely wait for further evidence that the economy is on a solid path of
growth before thinking about raising rates again," BIMB Securities said in a note.
Malaysia .KLSE gained 0.86 percent. Gaming company Genting Malaysia Bhd GENM.KL was the top gainer, ending up 3.6 percent at its highest close since Aug 28, 2014. The company said on Friday it would participate as manager of a U.S. gaming resort.
Indonesia's composite index .JKSE eked out a 0.14 percent gain amid expectations that inflation would fall as the
government lowered fuel price this month. Consumer goods company PT Unilever Indonesia UNVR.JK rose 0.8 percent.
Shares of property firm PT Agung Podomoro Land Tbk APLN.JK shrunk 10 percent after the government's anti-graft agency linked the company's executive to a corruption investigation.
The Philippines stock index .PSI gained 0.13 percent.
Thailand's SET Index .SETI edged down 0.3 percent, while the Vietnam index .VNI fell 0.47 percent.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev close Pct move
Singapore 2835.35 2818.49 0.60
Kuala Lumpur 1725.24 1710.55 0.86
Bangkok 1400.27 1400.72 -0.03
Jakarta 4850.17 4843.186 0.14
Manila 7254.53 7245.13 0.13
Ho Chi Minh 555.82 558.43 -0.47