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Aman Swami

Australia shares rise on energy and mining; NZ nearly flat

25 Jan 2019

* AMP tumbles, expects near 97 pct drop in annual profit (Updates to close)

Australia shares end higher despite China jitters; NZ up

21 Jan 2019

Jan 21 Australian shares gained for a fifth consecutive session on Monday, led by banks and energy firms, despite wariness that a slowdown in China's economy could hurt the country's fortunes.

SE Asia Stocks-Philippine, Thailand gain 1 pct; others lacklustre

23 Nov 2018

* Investors cautious, eye Trump-Xi meet next week * Singapore edges higher; CPI up less than expected By Aman Swami Nov 23 Philippine and Thai stocks were the top gainers on Friday, while other markets in the region saw lacklustre trade as investors were still unnerved by Sino-U.S. trade concerns ahead of a meeting between leaders of the two countries next week. "Global market retreat is driven by tech and export market turbulence whereas Southeast Asia is more of a domestic-driven economy rather than exports and tech serving economy," said Taye Shim, head of research and strategist with Mirae Asset Sekuritas. Investors are now turning their focus towards emerging markets, he added. The Philippine index rose 1 percent, driven by gains in real estate and financial stocks. It gained 3.6 percent during the week. "The region was advancing when the Philippines was left behind but the Philippines is really coming off a low pace and the valuations seems better, and with the macro factors at play like inflation expected to trim down in the coming month, stocks are rising," said Fio Dejesus, equity research analyst at RCBC Securities. Conglomerate Ayala Land rallied 3.8 percent, while Bank of the Philippine Islands jumped 3.6 percent. Thai shares climbed 1.1 percent on gains across the board, but were down 0.8 percent for the week. Index heavyweight Airports of Thailand PCL soared 2.4 percent, while gas and petroleum supplier PTT PCL closed 1.6 percent up. Singapore shares edged 0.4 percent higher with Singapore Airlines Ltd gaining 1.8 percent and lender Oversea-Chinese Banking Corp. Ltd up 0.8 percent. The city-state's headline consumer price index rose less than expected at 0.7 percent in October from a year earlier, unchanged from September. Indonesian shares added 0.3 percent, extending gains to a second straight session but shed 0.1 percent for the week. Consumer and material stocks boosted the index with Pikko Land Development Tbk PT firming 16.2 percent and Astra Agro Lestari Tbk PT jumping 3.5 percent. For Asian Companies click; SOUTHEAST ASIAN STOCK MARKETS Change on day Market Current Previous Close Pct Move Singapore 3052.49 3041.38 0.37 Bangkok 1622.1 1604.4 1.10 Manila 7340.18 7268.38 0.99 Jakarta 6006.202 5990.81 0.26 Kuala Lumpur 1695.88 1695.62 0.02 Ho Chi Minh 917.97 924.42 -0.70 Change on year Market Current End 2017 Pct Move Singapore 3052.49 3402.92 -10.30 Bangkok 1622.1 1753.71 -7.50 Manila 7340.18 8558.42 -14.23 Jakarta 6006.202 6355.654 -5.50 Kuala Lumpur 1695.88 1796.81 -5.62 Ho Chi Minh 917.97 984.24 -6.73 (Reporting by Aman Swami; Editing by Sunil Nair)

SE Asia Stocks-Caution prevails amid Sino-U.S. trade tensions

23 Nov 2018

* Malaysia, Singapore edge lower ahead of Oct inflation data * Indonesia, Philippines on track to extend gains By Aman Swami Nov 23 Southeast Asian stock markets put in lacklustre performances on Friday, in line with Asian shares as trade tensions and signs of slackening global growth curbed risk appetite. Tensions over a bitter Sino-U.S. trade conflict ahead of a high-stakes meeting this month between U.S. President Donald Trump and Chinese President Xi Jinping kept investor sentiment fragile in Asia. Market activity was relatively muted as Asia was bereft of usual leads with U.S. markets being closed on Thursday for Thanksgiving. The MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent in early trade. Malaysian shares fell 0.2 percent, ahead of monthly inflation data scheduled to be out later in the day. The country's consumer price index (CPI) is expected to haven risen 0.6 percent in October from a year earlier, a Reuters poll showed, quickening slightly from the previous month as the effect of a new tax regime remained muted. Malaysia Airports Holdings Bhd slipped as much as 2.2 percent and IHH Healthcare shed 1.5 percent. "Malaysia's economic Leading Index, which was designed to monitor the economic performance in average of 4-6 months ahead, has continued to signal an economic slowdown in Malaysia," MIDF Amanah Investment Bank Berhad analysts said in a note. Singapore shares edged lower with Keppel Corp declining as much as 1.1 percent, while Hutchison Port Holdings Trust fell as much as 2 percent. The city-state's headline consumer price index probably rose 0.8 percent in October from a year earlier, the poll of 10 economists showed, accelerating from September's 0.7 percent climb. The data is due later in the day. Indonesia's benchmark index was set to extend gains for a second consecutive session, driven by gains in financials and utilities. Bank Central Asia Tbk PT firmed as much as 1.4 percent, set to extend gains into a second session, while Indah Kiat Pulp & Paper Tbk PT rose 2.7 percent. Philippine stocks were also on track for a second straight winning session, lifted by gains in financials and real estate stocks. Security Bank Corp climbed as much as 3 percent, while conglomerate Ayala Land Inc was up 0.8 percent. Thai shares rose 0.3 percent, led by gains in energy and healthcare sectors. Index heavyweight gas and petroleum supplier PTT PCL rose as much as 1 percent. For Asian Companies click; SOUTHEAST ASIAN STOCK MARKETS AT 0250 GMT Market Current Previous Close Pct Move Singapore 3038.42 3041.38 -0.10 Bangkok 1609.47 1604.4 0.32 Manila 7284.34 7268.38 0.22 Jakarta 5996.776 5990.81 0.10 Kuala Lumpur 1691.38 1695.62 -0.25 Ho Chi Minh 923.89 924.42 -0.06 Change on year Market Current End 2017 Pct Move Singapore 3038.42 3402.92 -10.71 Bangkok 1609.47 1753.71 -8.22 Manila 7284.34 8558.42 -14.89 Jakarta 5996.776 6355.654 -5.65 Kuala Lumpur 1691.38 1796.81 -5.87 Ho Chi Minh 923.89 984.24 -6.13 (Reporting by Aman Swami; Editing by Amrutha Gayathri)

SE Asia Stocks-Subdued as global growth concerns weigh; Indonesia gains

22 Nov 2018

* Philippines, Malaysia close flat * Indonesia gains after two straight session of losses * Singapore rises; Q3 GDP growth misses expectations By Aman Swami Nov 22 Indonesian stocks picked up on Thursday after two sessions of falls, while other markets in the region were largely subdued as investors remained cautious amid signs of slowing global growth. Tensions over Sino-U.S. trade ahead of a high-stakes meeting this month between U.S. President Donald Trump and Chinese President Xi Jinping kept investor sentiment fragile in Asia. Indonesia's benchmark index rose 0.7 percent, driven by gains in financial and consumer stocks. "I think investors are considering Indonesia as an relatively insulated market during this tech and export-driven retreat," said Taye Shim, head of research and strategist at Mirae Asset Sekuritas. "Further, Indonesia surprised the market with its recent rate hike – which we think is a country-specific relief factor, which reinforced investor sentiment on the Indonesian market." Indonesia's central bank last week unexpectedly raised its benchmark interest rate for the sixth time this year, as policymakers struggle to reduce imports and lower the country's current-account deficit. Bank Central Asia Tbk PT was up 1.2 percent, while cement manufacturer Semen Indonesia (Persero) Tbk PT rallied 6.5 percent. Singapore shares edged marginally higher with conglomerate Jardine Matheson Holdings Ltd gaining 2.1 percent and Hutchison Port Holdings Trust firming 2 percent. The city-state's economy expanded at a much slower pace than initially thought in the third quarter, with the government flagging further moderation in the current quarter and warning that the Sino-U.S. trade war will hurt growth in 2019. Thai shares declined 0.8 percent, dragged by losses in industrial and energy sectors. Airports of Thailand PCL slipped 2.4 percent, while PTT Exploration and Production PCL shed 1.9 percent. Oil prices fell on Thursday after U.S. crude inventories swelled to their highest level since December stoking concerns about a global glut but OPEC talk of an output reduction limited losses. Philippine and Malaysian shares closed flat for the day. For Asian Companies click; SOUTHEAST ASIAN STOCK MARKETS Change on day Market Current Previous Close Pct Move Singapore 3041.38 3038.65 0.09 Bangkok 1604.4 1617.33 -0.80 Manila 7268.38 7265.45 0.04 Jakarta 5990.81 5948.052 0.72 Kuala Lumpur 1695.62 1695.37 0.01 Ho Chi Minh 924.42 922.56 0.20 Change on year Market Current End 2017 Pct Move Singapore 3041.38 3402.92 -10.62 Bangkok 1604.4 1753.71 -8.51 Manila 7268.38 8558.42 -15.07 Jakarta 5990.81 6355.654 -5.74 Kuala Lumpur 1695.62 1796.81 -5.63 Ho Chi Minh 924.42 984.24 -6.08 (Reporting by Aman Swami; Editing by Sunil Nair)

SE Asia Stocks-Tread water amid fears over global economy; Indonesia gains

22 Nov 2018

* Singapore shares flat, Q3 GDP growth misses expectations * Indonesian stocks climb after two sessions of losses By Aman Swami Nov 22 Indonesian shares gained on Thursday, clawing back some of the previous session's losses, while lingering fears over U.S. monetary policy tightening and slowing global economy kept most Southeast Asian stock markets on the backfoot. Broader Asian shares ticked up slightly, drawing confidence from overnight gains on Wall Street after a selloff earlier this week in technology heavyweights. However, tensions over Sino-U.S. trade ahead of a high-stakes meeting this month between U.S. President Donald Trump and Chinese President Xi Jinping kept investor sentiment fragile in Asia. Indonesian shares gained 0.6 percent, after two losing sessions, led by financials and consumer staples. "I think investors are considering Indonesia as an relatively insulated market during this tech and export driven retreat," said Taye Shim, head of research and strategist at Mirae Asset Sekuritas. "Further, Indonesia surprised the market with its recent rate hike – which we think is a country specific relief factor, which reinforced investor sentiment on the Indonesian market." Indonesia's central bank on Nov.15 unexpectedly raised its benchmark interest rate for the sixth time this year, as policymakers struggle to reduce imports and lower the country's current-account deficit. Thai shares also edged higher, propped up by gains in energy and consumer stocks. Demand for energy stocks was boosted by an overnight recovery in oil prices. Gas and petroleum supplier PTT PCL and convenience stores operator CP All PCL climbed marginally. Singapore shares were little changed after the city-state's third-quarter GDP data showed economic growth was slower than expected. Conglomerate Jardine Matheson Holdings Ltd gained as much as 2.8 percent, while Wilmar International Ltd slipped 1.6 percent. The government also flagged further moderation in the current quarter and warned that the U.S.-Sino trade war will hurt growth in 2019. "Broadly, global demand may be dampened by moderating US growth (amid fading fiscal stimulus) and US-China trade tensions compound drag in Asia via China," Vishnu Varathan, senior economist at Mizuho Bank said in a note. Philippines shares inched lower, as industrials and real estate stocks such as SM Prime Holdings and SM Investment posted losses. For Asian Companies click; SOUTHEAST ASIAN STOCK MARKETS AT 0420 GMT Market Current Previous Close Pct Move Singapore 3040.27 3038.65 0.05 Bangkok 1618.39 1617.33 0.07 Manila 7254.49 7265.45 -0.15 Jakarta 5982.005 5948.052 0.57 Kuala Lumpur 1692.68 1695.37 -0.16 Ho Chi Minh 924.88 922.56 0.25 Change on year Market Current End 2017 Pct Move Singapore 3040.27 3402.92 -10.66 Bangkok 1618.39 1753.71 -7.72 Manila 7254.49 8558.42 -15.24 Jakarta 5982.005 6355.654 -5.88 Kuala Lumpur 1692.68 1796.81 -5.80 Ho Chi Minh 924.88 984.24 -6.03 (Reporting by Shreya Mariam Job and Aman Swami; Editing by Amrutha Gayathri)

SE Asia Stocks-Indonesia, Malaysia fall the most; export data lifts Thai shares

21 Nov 2018

* Indonesia top loser in the region * Philippines snaps five sessions of gains * Thailand gains on positive export data By Aman Swami Nov 21 Indonesian and Malaysian stocks led losses on Wednesday tracking Asian peers as mounting concerns about slackening global growth hurt sentiment and battered Wall Street, though better-than-expected exports data boosted Thai shares. U.S. stocks sold off for a second day on Tuesday as energy shares dropped with oil prices, while retailers including Target and Kohl's sank after weak earnings and forecasts, fuelling worries about economic growth. The Indonesian benchmark index was the top loser in Southeast Asia, dropping about 1 percent, weighed down by financial and energy stocks. Oil bounced by more than 1 percent on Wednesday to claw back some of the previous day's 6 percent plunge, lifted by a report of an unexpected decline in U.S. commercial crude inventories and record Indian crude imports. Unilever Indonesia Tbk PT dipped 1 percent, while United Tractors Tbk PT plunged 7.1 percent. Malaysian stocks slumped 0.9 percent, with telecommunication firm Axiata Group dropping 2.6 percent and Malaysia Airports Holdings Bhd declining 2.3 percent to an over two-week closing low. Philippine shares were off 0.5 percent, snapping a five-session winning streak, dragged by losses in industrial and financial stocks. Conglomerate SM Investments Corp shed 2.1 percent, while BDO Unibank Inc extended losses to a second straight session, slipping 1.8 percent. Meanwhile, Thai shares added 0.3 percent, led by gains in financial and real estate sectors. Thailand's customs-cleared exports rose a higher-than-expected 8.7 percent in October after a surprise decline in the previous month, the commerce ministry said on Wednesday. Property developer Central Pattana PCL firmed up 1.7 percent, while Siam Commercial Bank PCL gained 1.1 percent. Singapore stocks edged up 0.4 percent, ending a two-day losing run, driven by gains in financial stocks. Oversea-Chinese Banking Corp rose 0.7 percent, while rival bank United Overseas Bank Ltd climbed 1.1 percent. For Asian Companies click; SOUTHEAST ASIAN STOCK MARKETS Change on day Market Current Previous Close Pct Move Singapore 3038.65 3026.99 0.39 Bangkok 1617.33 1612.03 0.33 Manila 7265.45 7302.94 -0.51 Jakarta 5948.052 6005.297 -0.95 Kuala Lumpur 1695.37 1710.71 -0.90 Ho Chi Minh 922.56 919.02 0.39 Change on year Market Current End 2017 Pct Move Singapore 3038.65 3402.92 -10.70 Bangkok 1617.33 1753.71 -7.78 Manila 7265.45 8558.42 -15.11 Jakarta 5948.052 6355.654 -6.41 Kuala Lumpur 1695.37 1796.81 -5.65 Ho Chi Minh 922.56 984.24 -6.27 (Reporting by Aman Swami; Editing by Sunil Nair)

SE Asia Stocks-Most drop as Wall St rout, oil plunge stir anxiety

21 Nov 2018

* Philippines falls, set to snap 5-session winning run * Malaysia, Indonesia retreat as trading resumes * Singapore shares trade slightly higher By Aman Swami Nov 21 Most Southeast Asian stock markets fell on Wednesday, as a continued selloff on Wall Street and plummeting oil prices stoked uncertainty over the global economy, sending investors fleeing risky assets. All three U.S. stock indexes slumped on Tuesday as a 6 percent plunge in oil prices pulled energy stocks lower and retailers sank after weak earnings and forecasts. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.55 percent. Philippine stocks dropped 1 percent, on track to snap five consecutive sessions of gains, with industrials and financials weighing down the market. Conglomerate SM Investments Corp shed as much as 2.7 percent, after three sessions of gains, while Bank of the Philippine Islands dipped 2.7 percent. Indonesian shares dropped 0.6 percent as trading resumed after a holiday on Tuesday. Financials and consumer goods stocks dropped, with Telekomunikasi Indonesia (Persero) losing as much as 2.5 percent, and conglomerate Unilever Indonesia Tbk PT falling 3.2 percent. Malaysian shares, which also resumed trading after Tuesday's holiday, retreated 0.8 percent, with Malaysia Airports Holdings Bhd and IHH Healthcare Bhd falling as much as 3.3 percent and 3.1 percent, respectively. Thai shares edged 0.4 percent lower, dragged down by losses in energy stocks such as PTT PCL, which dropped as much as 1 percent. Thailand is expected to post a trade deficit of $190 million in October, compared with September's surplus of $490 million. The data is due later in the day. Singapore shares edged higher, as lenders such as Oversea-Chinese Banking Corp and United Overseas Bank Ltd climbed marginally. For Asian Companies click; SOUTHEAST ASIAN STOCK MARKETS AT 0325 GMT Change on day Market Current Previous Close Pct Move Singapore 3039.63 3026.99 0.42 Bangkok 1606.2 1612.03 -0.36 Manila 7230.91 7302.94 -0.99 Jakarta 5968.603 6005.297 -0.61 Kuala Lumpur 1696.5 1710.71 -0.83 Ho Chi Minh 914.01 919.02 -0.55 Change on year Market Current End 2017 Pct Move Singapore 3039.63 3402.92 -10.68 Bangkok 1606.2 1753.71 -8.41 Manila 7230.91 8558.42 -15.51 Jakarta 5968.603 6355.654 -6.09 Kuala Lumpur 1696.5 1796.81 -5.58 Ho Chi Minh 914.01 984.24 -7.14 (Reporting by Aman Swami; Editing by Amrutha Gayathri)

SE Asia Stocks-Singapore, Thai shares fall; Philippines extends gains

20 Nov 2018

* Philippines up for a fifth day * Thailand top loser with 1.5 percent drop By Aman Swami Nov 20 Singapore and Thai shares fell on Tuesday, in line with Asian peers, after Wall Street took a hit on Monday from a sell-off in U.S. technology shares. U.S. stocks plunged on Monday as investors dumped internet and other technology shares, further shaking confidence in a group of stocks that has propelled the long bull market. Singapore shares fell 1.2 percent, with financials dragging down the city-state's benchmark index. Oversea-Chinese Banking Corp shed as much as 2.5 percent, while rival United Overseas Bank Ltd slipped 1.7 percent. Thai shares were the top losers in the region, closing 1.5 percent lower, dragged by losses in financial and energy sectors. Siam Commercial Bank PCL lost 2.6 percent, while Kasikornbank PCL dipped 2.3 percent. Meanwhile, Philippines stocks rose 0.5 percent, extending gains to a fifth consecutive session, driven by industrial and real estate stocks. Chinese President Xi Jinping is on a visit to the country, aiming to advance strategic gains made under a Manila leadership that has favoured Beijing in the hope of receiving billions of dollars of loans and investment. Investors are optimistic about the market's prospects, said Fio Dejesus, an equity research analyst with RCBC Securities, adding that recent losses have made Philippine stock valuations more attractive in comparison to their regional peers. Conglomerate SM Investments Corp gained 1.3 percent for a third straight session, while Bank of the Philippine Islands climbed 2 percent, hitting a two-and-half-month closing high. Vietnam shares edged higher, pushed up by real estate and material stocks. Markets in Malaysia and Indonesia were closed for holidays. For Asian Companies click; SOUTHEAST ASIAN STOCK MARKETS Change on day Market Current Previous Close Pct Move Singapore 3026.99 3065.07 -1.24 Bangkok 1612.03 1636.48 -1.49 Manila 7302.94 7270.26 0.45 Ho Chi Minh 919.02 916.06 0.32 Change on year Market Current End 2017 Pct Move Singapore 3026.99 3402.92 -11.05 Bangkok 1612.03 1753.71 -8.08 Manila 7302.94 8558.42 -14.67 Ho Chi Minh 919.02 984.24 -6.63 (Reporting by Aman Swami; Editing by Sunil Nair)

SE Asia Stocks-Sentiment sours as Wall St slump hits Asian shares

20 Nov 2018

* Philippines on track to gain for 5th straight session * Singapore shares drop as much as 1.4 pct * Malaysia, Indonesia stock markets closed By Aman Swami Nov 20 Southeast Asian stock markets were subdued on Tuesday, in line with Asian peers, after a selloff in U.S. technology shares led to a slump on Wall Street. U.S. stocks plunged on Monday as investors dumped Apple Inc , internet and other technology shares, further shaking confidence in a group of stocks that has propelled the long bull market. The MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.3 percent on Tuesday. Singapore shares led losses in the region, dropping as much as 1.4 percent, with financials dragging down the city-state's benchmark index. Oversea-Chinese Banking Corp shed as much as 2.5 percent, while rival United Overseas Bank Ltd fell 1.7 percent. The Philippine stock index edged higher, set to extend their gains to more than 6 percent over five consecutive winning sessions. The central bank's policy tightening move late last week has helped Philippine stocks claw back some of their losses over the last two months. Investors are optimistic about the market's prospects, said Fio Dejesus, an equity research analyst with RCBC Securities, adding that recent losses have made Philippine stock valuations more attractive in comparison with their regional peers. "Investors are drawing some confidence for a couple of reasons, the steady inflow of remittances from abroad... and also crude oil prices which have significantly declined recently and this is a positive for the country which practically imports 100 percent of its oil from abroad," he said. Thai shares dropped 0.7 percent, weighed down by losses in materials and industrial stocks. Airports of Thailand PCL shed as much as 1.2 percent, while Advanced Info Service PCL fell 1.1 percent. Vietnam shares edged lower, with financials dragging the index. Malaysian and Indonesian stock markets were closed on account of holidays. For Asian Companies click; SOUTHEAST ASIAN STOCK MARKETS AT 0345 GMT Change on day Market Current Previous Close Pct Move Singapore 3029.72 3065.07 -1.15 Bangkok 1624.52 1636.48 -0.73 Manila 7287.78 7270.26 0.24 Ho Chi Minh 914.39 916.06 -0.18 Change on year Market Current End 2017 Pct Move Singapore 3029.72 3402.92 -10.97 Bangkok 1624.52 1753.71 -7.37 Manila 7287.78 8558.42 -14.85 Jakarta 6005.297 6355.654 -5.51 Kuala Lumpur 1710.71 1796.81 -4.79 Ho Chi Minh 914.39 984.24 -7.10 (Reporting by Aman Swami; Editing by Amrutha Gayathri)

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