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Anushka Trivedi

SE Asia Stocks-Gain as solid China data fuels risk appetite; Philippines up

17 Jan 2020

* Philippine shares see best session in two weeks * Malaysia's Axiata jumps on stake-sale talks report * Thai shares close at near two-month high By Anushka Trivedi Jan 17 Southeast Asian stock markets climbed on Friday, with Philippine shares leading the pack, as encouraging data from China whipped up risk appetite. China, Southeast Asia's largest trading partner, grew by 6% in the fourth quarter, in line with market expectations, suggesting the world's second-largest economy was stabilising. Data also showed that December's industrial output grew 6.9% from a year earlier, the strongest pace in nine months, while retail sales rose 8.0%. Fixed-asset investment for the full year jumped 5.4%. "The latest slew of economic data suggests that the global economy is stabilising and poised for a recovery amid de-escalating U.S.-China trade tensions," Han Tan, market analyst at FXTM, said in a note. "Such an environment should also offer emerging markets the chance to find a more stable footing and provide room for riskier assets to advance." Philippine shares climbed 0.9% in their best session in two weeks, with Jollibee Foods Corp topping the benchmark index. The main index shed 0.7% for the week. Earlier in the day, Jollibee Foods said it raised $600 million from its first ever bond sale, which was upsized from an original intended amount of $400 million due to strong demand. Malaysian equities advanced 0.5%, buoyed by telecoms, and posted a weekly gain of 0.3%. Axiata shares jumped 5.5% in their best session in more than eight months, after a report that Telenor ASA was in talks with Malaysia's sovereign fund, which could result in the Norwegian company buying a part of the fund's stake in Axiata. Thai shares scaled their highest in nearly two months, driven by financial and telecom stocks. Kasikornbank Pcl gained 2.5% and Advanced Info Service Pcl firmed 1.9%. Singapore shares were largely flat throughout the session, with telecoms weighing on the benchmark index. The city-state's exports posted a surprise rebound in December after nine months of contraction, partly boosted by a sharp rise in pharmaceutical shipments. However, economists said further declines in electronics exports did not yet indicate the recovery could be sustained. For Asian Companies click; SOUTHEAST ASIAN STOCK MARKETS STOCK MARKETS Change on the day Market Current Previous close Pct Move Singapore 3281.03 3278 0.09 Bangkok 1600.48 1595.87 0.29 Manila 7722.58 7653.18 0.91 Jakarta 6291.657 6286.048 0.09 Kuala Lumpur 1595.81 1587.88 0.50 Ho Chi Minh 978.96 974.31 0.48 Change so far in 2020 Market Current End 2019 Pct Move Singapore 3281.03 3222.83 1.81 Bangkok 1600.48 1579.84 1.31 Manila 7722.58 7,815.26 -1.19 Jakarta 6291.657 6,299.54 -0.13 Kuala Lumpur 1595.81 1588.76 0.44 Ho Chi Minh 978.96 960.99 1.87 (Editing by Subhranshu Sahu)

SE Asia Stocks-Most rise as China data lifts spirit; Indonesia drops on weak auto sales

17 Jan 2020

* China's Q4 GDP comes in line with expectations * Singapore's Dec exports post surprise rebound By Anushka Trivedi Jan 17 Indonesian shares skid on Friday as weak auto sales data weighed on consumer stocks, while most other Southeast Asian markets climbed as a slew of solid data from China lifted investor sentiment. Indonesia's main stock index slid as much as 0.3%, with Astra International Tbk PT, the country's largest automobile distributor, being the biggest laggard with a drop of more than 1%. Auto sales in Indonesia declined 1.4% last month, with all major brands reporting weaker numbers than a year earlier. Jefferies analysts said they did not expect Astra to make a meaningful recovery in 2020, but expect it to maintain its market leadership. An index of Jakarta's forty-five most liquid stocks was 0.1% lower. Meanwhile, China, the world's second-largest economy, matched market expectations with a 6% growth in the fourth quarter. It also logged a surprise acceleration in factory output and investment growth to end 2019 on a firmer note. "These numbers suggest that China's economy has stabilised following exhaustive efforts by the government and central bank ... The negative direction of travel by China's economy may have been abated," ING analysts said in a note. Malaysian shares advanced 0.3%, driven by telecommunication stocks. Axiata Group Bhd jumped 6.2% in its best intraday gain in over eight months, while Digi.com Bhd advanced 2.4%. Philippine stocks edged higher after two consecutive sessions of falls, but were on track for a weekly decline of 1.4%. Financial and real estate stocks led gains, with BDO Unibank Inc and Ayala Land Inc adding 0.6% and 1.6%, respectively. Singapore shares were largely flat, with telecoms weighing on the benchmark index, after exports posted a surprise rebound in December after nine months of contraction, partly boosted by a sharp rise in pharmaceutical shipments. However, economists said further declines in electronics exports did not yet indicate the recovery could be sustained. Singapore Telecommunications Ltd was the top drag with a nearly 1% fall. Thai shares rose 0.3%, heading for a more than 1.1% weekly gain. For Asian Companies click; SOUTHEAST ASIAN STOCK MARKETS AS AT 0407 AM STOCK MARKETS Change on the day Market Current Previous close Pct Move Singapore 3274.38 3278 -0.11 Bangkok 1600.57 1595.87 0.29 Manila 7669.95 7653.18 0.22 Jakarta 6271.677 6286.048 -0.23 Kuala Lumpur 1592.95 1587.88 0.32 Ho Chi Minh 976.01 974.31 0.17 Change so far in 2020 Market Current End 2019 Pct Move Singapore 3274.38 3222.83 1.60 Bangkok 1600.57 1579.84 1.31 Manila 7669.95 7,815.26 -1.86 Jakarta 6271.677 6,299.54 -0.44 Kuala Lumpur 1592.95 1588.76 0.26 Ho Chi Minh 976.01 960.99 1.56 (Reporting by Anushka Trivedi in Bengaluru; Editing by Subhranshu Sahu)

SE Asia Stocks-Most rise after Sino-U.S. trade deal; Thailand leads gains

16 Jan 2020

* U.S.-China sign Phase 1 deal * Singapore shares hit near 10-week high * Philippines sole loser in the region By Anushka Trivedi Jan 16 Most Southeast Asian markets rose on Thursday, with Thailand leading the pack, as risk sentiment improved after the United States and China signed an interim trade deal to diffuse their 18-month-long dispute. U.S. President Donald Trump and Chinese Vice Premier Liu He on Wednesday signed the pact that will roll back some tariffs and see Beijing boost purchases of U.S. goods and services by $200 billion over two years. The deal, however, does not fully eliminate the tariffs or address several structural differences that led to the dispute. "The most difficult topics such as Chinese industrial subsidies are pushed to a phase 2 deal, which we do not expect before the U.S. elections in November," ING analysts said in a note. "At least the deal takes away some of the trade uncertainty that affected businesses in the past two years", they added. The Thai benchmark index jumped 0.9% to a near two-month high amid broad-based gains. Electricity retailer Gulf Energy Development PCL climbed 3.4% and property developer Central Pattana PCL added 4.5%. Trade-reliant Singapore shares closed at their highest in about ten weeks, helped by gains in financials and telecommunication stocks. Southeast Asia's largest lender DBS Group Holdings Ltd rose 1%, while Singapore Telecommunications Ltd advanced 2.2%. Vietnam's index rose 0.7%, while Indonesian shares were largely unchanged. Malaysia's stock index pared some early losses to close flat, with gains in telecom stocks offsetting weaker consumer stocks. Palm oil producer PPB Group Bhd and rival IOI Corp Bhd fell 0.4% and 1.5%, respectively. An industry regulator said Malaysia's palm oil exports are expected to drop by 2.5% this year. Additionally, an official said the U.S.-China trade deal could hurt Malaysian palm oil exports to China as Beijing will ramp up its uptake of soybean oil from the United States. Meanwhile, Philippine stocks closed at their lowest since Oct. 3, as consumer and financial stocks weakened. Conglomerate SM Investments Corp slipped 0.9%, while JG Summit Holdings Inc fell 1.4%. For Asian Companies click; SOUTHEAST ASIAN STOCK MARKETS STOCK MARKETS Change on the day Market Current Previous close Pct Move Singapore 3278 3256.98 0.65 Bangkok 1595.87 1581.05 0.94 Manila 7653.18 7664.4 -0.15 Jakarta 6286.048 6283.365 0.04 Kuala Lumpur 1587.88 1585.14 0.17 Ho Chi Minh 974.31 967.56 0.70 Change so far in 2020 Market Current End 2019 Pct Move Singapore 3278 3222.83 1.71 Bangkok 1595.87 1579.84 1.01 Manila 7653.18 7,815.26 -2.07 Jakarta 6286.048 6,299.54 -0.21 Kuala Lumpur 1587.88 1588.76 -0.06 Ho Chi Minh 974.31 960.99 1.39 (Reporting by Anushka Trivedi in Bengaluru; Editing by Devika Syamnath)

REFILE-SE Asia Stocks-Most edge higher after U.S.-China trade deal but caution reigns

16 Jan 2020

(Corrects typo in paragraph 8) * Philippine shares hit near 4-week lows * Singapore stocks supported by banks, telcos By Anushka Trivedi Jan 16 Most Southeast Asian stock markets gained ground on Thursday after the United States and China signed an interim trade deal, while Philippine shares were under pressure due to the threat of a volcanic eruption near its capital city. Washington and Beijing inked the Phase 1 trade pact on Wednesday that will roll back some tariffs and see China boost purchases of U.S. goods and services by $200 billion over two years. Despite the signing of the trade deal, investors were cautious as China's commitments seem "neither ground-breaking nor sufficiently binding in the specifics," Mizuho analysts said in a note. "The big picture is that 'Phase-1' is a partial deal that merely pauses the U.S.-China trade conflict, buying time to sort out differences, but far from a lasting resolution," the analysts said. Trade-sensitive Singapore shares edged higher amid gains in financial and telecommunication firms. DBS Group Holdings Ltd added 0.7% and heavyweight Singapore Telecommunications Ltd jumped 1.2%. Indonesia's benchmark index swung between gains and losses, while Thai shares ticked higher. Philippine shares hit a near four-week low, with consumer and financial stocks leading losses after analysts said the volcanic activity near Manila could impact the country's gross domestic product. Food processor Universal Robina Corp fell 1.1%, while SM Investments Corp dropped as much as 2.1% to its lowest since Jan 6. Malaysia's main index slumped 0.3% as consumer and utility stocks faltered. The country's palm oil exports to China jumped in 2019 but Beijing's latest trade deal with the United States could limit gains this year, a Malaysian palm official said on Thursday. Palm oil producers IOI Corp Bhd and PPB Group Bhd declined 1.1% and 0.8%, respectively. For Asian Companies click; SOUTHEAST ASIAN STOCK MARKETS AS AT 0428 AM STOCK MARKETS Change on the day Market Current Previous close Pct Move Singapore 3264.15 3256.98 0.22 Bangkok 1585.64 1581.05 0.29 Manila 7650.71 7664.4 -0.18 Jakarta 6276.82 6283.365 -0.10 Kuala Lumpur 1579.72 1585.14 -0.34 Ho Chi Minh 972.92 967.56 0.55 Change so far in 2020 Market Current End 2019 Pct Move Singapore 3264.15 3222.83 1.28 Bangkok 1585.64 1579.84 0.37 Manila 7650.71 7,815.26 -2.11 Jakarta 6276.82 6,299.54 -0.36 Kuala Lumpur 1579.72 1588.76 -0.57 Ho Chi Minh 972.92 960.99 1.24 (Reporting by Anushka Trivedi in Bengaluru; Editing by Anil D'Silva)

SE Asia Stocks-Most rise on U.S-China trade deal hopes, Vietnam leads gains

27 Dec 2019

* Vietnam's FY GDP betters govt target * Singapore shares close at 5-week high * Philippine ends lower on last-minute selling By Anushka Trivedi Dec 27 Most Southeast Asian stock markets ended higher on Friday, with Vietnam hitting a two-week closing high, buoyed by optimism that the United States and China were inching closer to signing a Phase 1 trade deal. China on Wednesday said that it was in close contact with Washington about an initial trade agreement, shortly after U.S. President Donald Trump said a signing ceremony would be held for the recently struck deal. Optimism from progress in the trade negotiations has supported regional equities for the past two sessions, although trading remained subdued on account of the year-end holidays. Leading gains in the region, Vietnam's main index tacked on 0.5%, recouping most of the losses it suffered earlier in the session, after data showed that its economy expanded at a better pace than targeted by the government in 2019. The index closed at its highest level since Dec. 13 and posted weekly gains of 0.7%. "Vietnam's growth outlook is likely to stay fairly resilient with easing trade tension and tentative signs of mild recovery in external environment," a Mizuho Bank note said. Financial and real estate stocks dominated gains on the benchmark, with Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) and Vinhomes JSC adding 4.5% and 0.6%, respectively. Trade-sensitive Singapore shares edged up to close at a five-week high, boosted by consumer stocks. The benchmark rose 0.4% this week. Food processor Wilmar International Ltd was the top performer on the index as it jumped 1.7%, its highest since Dec 13. The Malaysian index firmed 0.4%, helped by gains in healthcare and banking stocks. The index was little changed for the week. Thai shares were flat at the end of the session, but the index rose 0.3% for the week. The Philippine benchmark index fell 0.3% as investors sold off big cap stocks at the fag end of the session. The index was up as much as 0.6% earlier in the day. The country's biggest listed firm SM Investments Corp dropped 1.2% and Ayala Land Inc slumped 1.9%. For Asian Companies click; SOUTHEAST ASIAN STOCK MARKETS Change on the day Market Current Previous close Pct Move Singapore 3226.53 3222.99 0.11 Bangkok 1578.22 1579.03 -0.05 Manila 7815.26 7842.28 -0.34 Jakarta 6329.314 6319.443 0.16 Kuala Lumpur 1610.61 1603.55 0.44 Ho Chi Minh 963.51 958.59 0.51 Change so far in 2019 Market Current End 2018 Pct Move Singapore 3226.53 3068.76 5.14 Bangkok 1578.22 1563.88 0.92 Manila 7815.26 7,466.02 4.68 Jakarta 6329.314 6,194.50 2.18 Kuala Lumpur 1610.61 1690.58 -4.73 Ho Chi Minh 963.51 892.54 7.95 (Reporting by Anushka Trivedi in Bengaluru; Editing by Rashmi Aich)

SE Asia Stocks-Thai shares ease on telcos; Indonesia up

15 Nov 2019

* Jefferies removes Thailand's True Corp as top sector pick * Philippines, Singapore snap five straight weekly gains * Singtel falls on first ever quarterly loss By Anushka Trivedi Nov 15 Thai shares weakened on Friday, dragged by telecoms on poor corporate earnings, while Indonesian stocks edged higher after a surprise trade surplus in October. Thailand's SET index closed lower for the third straight session, shedding 2.2% for the week. Shares of True Corp Pcl slumped 9.7% to a more than six-year closing low, after the telecom services provider posted a 24% dive in third-quarter core profit and missed Jefferies' forecast by a steep margin. "True appears to be the least beneficiary of the ongoing mobile market collaboration and is clearly in an inferior financial position to embrace an upcoming 5G capex cycle," Jefferies analysts said, and removed the stock as their top sector pick. True's smaller rival RS Pcl also reported a drop in quarterly profit, sending its shares down 11.6% and posting its lowest close since August 2017. Indonesian shares advanced after two sessions of losses after trade data showed exports declined at a slower-than-expected pace, and a trade surplus of $161.3 million. Financials led the gains, with Bank Rakyat Indonesia (Persero) Tbk PT and Bank Mandiri (Persero) Tbk PT jumping 3.8% and 1.1%, respectively. Malaysian shares ended a tick higher after data showed its economy grew by 4.4% in the third quarter, the slowest pace in a year but within expectations. The central bank, however, said it expected growth to remain positive and reaffirmed its 2019 outlook. Malaysian shares lost 0.9% for the week. Singapore stocks were little changed as a surge in industrial stocks was offset by a slump in telecoms. Singapore Telecommunications Ltd dropped 3.6% after the city state's third-biggest firm posted its first ever quarterly loss after market hours on Thursday. Philippine shares closed flat after the central bank stood pat on interest rates, citing firm economic growth in the third quarter. Singapore and Philippine shares snapped five consecutive weekly gains. For Asian Companies click; SOUTHEAST ASIAN STOCK MARKETS Change on the day Market Current Previous close Pct Move Singapore 3238.86 3231.85 0.22 Bangkok 1602.23 1609.47 -0.45 Manila 7932.96 7933.71 -0.01 Jakarta 6128.345 6098.95 0.48 Kuala Lumpur 1594.75 1593.55 0.08 Ho Chi Minh 1010.03 1012.3 -0.22 Change so far in 2019 Market Current End 2018 Pct Move Singapore 3238.86 3068.76 5.54 Bangkok 1602.23 1563.88 2.45 Manila 7932.96 7,466.02 6.25 Jakarta 6128.345 6,194.50 -1.07 Kuala Lumpur 1594.75 1690.58 -5.67 Ho Chi Minh 1010.03 892.54 13.16 (Reporting by Anushka Trivedi in Bengaluru; Editing by Subhranshu Sahu)

SE Asia Stocks-Tepid after raft of weak data, trade-deal hopes limit losses

15 Nov 2019

* Singtel posts first ever qtrly loss, shares drop * Malaysia Q3 GDP in line with expectations * Philippines on track to snap five weekly gains By Anushka Trivedi Nov 15 Southeast Asian stock markets were tepid on Friday, as a raft of lacklustre data from leading economies left investors skittish, while renewed hopes of a Sino-U.S. trade deal limited sharp declines, with Indonesia seeing its best day in near two weeks. The weakness in China's economy reflected an impact from the prolonged tariff dispute to global economic growth. Data released on Thursday showed that factory output growth in China, Southeast Asia's biggest trading partner, had slowed significantly more than expected in October. The German economy narrowly avoided an expected slip into recession, while Japan's economy came to a near standstill. However, positive cues on the trade war front helped cushion the blow as markets worldwide took heart from White House economic adviser Larry Kudlow assuring that Washington and Beijing were inching closer to an agreement after holding constructive talks. "The dismal figures are yet another reminder to markets about the sheer importance of a U.S.-China trade deal to the global economic outlook. That deal is essential to reviving hopes of a global economic recovery," Han Tan, market analyst at FXTM said in a note. The Jakarta index tacked on 0.6% after October trade data implied that Indonesian exports declined at a slower-than-expected pace, with the country logging in a trade surplus of $161.3 million. Financials led gains in the region, with Bank Rakyat Indonesia (Persero) Tbk PT and Bank Mandiri (Persero) Tbk PT adding 3.1% and 1.8%, respectively. Singapore's benchmark was mostly flat as gains in the industrial sector were offset by a sharp decline in telco stocks, with heavyweight Singapore Telecommunications Ltd (Singtel) dropping 3.3%. The telcom company's stock value depleted by over $1 billion following its disappointing quarterly results. The Straits Times Index is on track to shed 0.9% this week. Malaysian stocks were largely unchanged after data showed its economy grew by 4.4% in the third-quarter from a year earlier, slowest in a year but in line with expectations. The index is poised to mark a 1% weekly loss. The Philippine's main index ticked an edge lower, set to snap five weekly gains, after the central bank stood pat on interest rates, citing firm economic growth in the third quarter and on expectations the trend will continue. The biggest drag in the benchmark, electricity retailer Aboitiz Equity Ventures extended declines to its worst drop in over a month. For Asian Companies click; SOUTHEAST ASIAN STOCK MARKETS AS AT 0429 GMT Change on the day Market Current Previous close Pct Move Singapore 3235.08 3231.85 0.10 Bangkok 1607.3 1609.47 -0.13 Manila 7920.13 7933.71 -0.17 Jakarta 6134.059 6098.95 0.58 Kuala Lumpur 1593.75 1593.55 0.01 Ho Chi Minh 1013.7 1012.3 0.14 Change so far in 2019 Market Current End 2018 Pct Move Singapore 3235.08 3068.76 5.42 Bangkok 1607.3 1563.88 2.78 Manila 7920.13 7,466.02 6.08 Jakarta 6134.059 6,194.50 -0.98 Kuala Lumpur 1593.75 1690.58 -5.73 Ho Chi Minh 1013.7 892.54 13.57 (Reporting by Anushka Trivedi in Bengaluru, Editing by Sherry Jacob-Phillips)

SE Asia Stocks-Most fall on weak China data, Sino-U.S. trade deal worries

14 Nov 2019

* China's Oct industrial output grew slower than expected * Philippine shares at near 4-week low * Thai cenbank to lower growth outlook for 2019 & 2020 By Anushka Trivedi Nov 14 Most Southeast Asian stock markets declined on Thursday, as dismal economic print from China and rising uncertainty over a highly-anticipated Sino-U.S. trade deal weighed on risk sentiment. Indonesian stocks dropped the most in the region after data showed China's industrial output grew significantly slower than expected in October, reinforcing views that long-drawn trade war with United States is taking a toll on the world's second-largest economy. An interim deal to de-escalate the tariff dispute appeared elusive, with trade negotiations between Washington and Beijing hitting a snag over farm purchases, according to the Wall Street Journal. "The latest news added to the sense that the path to any trade deal remains riddled with uncertainties and contributed to the relatively lower market risk appetite," OCBC analysts said in a note. Financials and telco dominated the losses in Indonesia, where the benchmark index traded 0.9% lower at a five-week trough. Lenders Bank Central Asia Tbk PT and Telekomunikasi Indonesia Tbk PT slipped 1% and 2.7%, respectively, and were the biggest drags on the main index. Philippine's main index slipped as much as 0.8% to a near four-week low ahead of a central bank meeting. Bangko Sentral ng Pilipinas looks certain to leave its policy rate unchanged after stronger-than-expected economic growth in the third quarter and with inflation likely to remain tame in the coming months, a Reuters poll showed. Property developer Ayala Land Inc and electricity retailer Aboitiz Equity Ventures Inc were among the top losers on the index. Ayala Corp, Philippines' largest conglomerate, fell 1.5% to an over two-and a half-year low after it said it will invest $237.5 million in Myanmar's Yoma Group in search of growth in multiple sectors. Singapore shares slipped 0.3%, with heavyweight United Overseas Bank Ltd dipping 0.8%, while Jaridne Matheson Holdings Ltd shed 1.7%. Thai shares were lower after the central bank said it would lower the country's economic growth forecasts for this year and next, and that monetary policy action to support the economy was still in play. Shares in Vietnam, which has benefited from the Sino-U.S. trade war, edged up slightly. For Asian Companies click; SOUTHEAST ASIAN STOCK MARKETS AS AT 0415 Change on the day Market Current Previous close Pct Move Singapore 3229.68 3239.22 -0.29 Bangkok 1609.59 1615.14 -0.34 Manila 7912.73 7947.47 -0.44 Jakarta 6085.603 6142.501 -0.93 Kuala Lumpur 1595.87 1597.22 -0.08 Ho Chi Minh 1014.72 1012.77 0.19 Change so far in 2019 Market Current End 2018 Pct Move Singapore 3229.68 3068.76 5.24 Bangkok 1609.59 1563.88 2.92 Manila 7912.73 7,466.02 5.98 Jakarta 6085.603 6,194.50 -1.76 Kuala Lumpur 1595.87 1690.58 -5.60 Ho Chi Minh 1014.72 892.54 13.69 (Reporting by Anushka Trivedi in Bengaluru; Editing by Aditya Soni)

SE Asia Stocks-Rise ahead of Trump's trade policy address

12 Nov 2019

* Markets await Trump's speech * Bangkok Life Assurance posts upbeat quarterly results * Vietcombank rises on deal with FWD Group By Anushka Trivedi Nov 12 Southeast Asian markets eked out modest gains on Tuesday, with trade-sensitive Singapore shares rising the most as investors eagerly await a key speech by U.S. President Donald Trump for clues on a U.S.-China trade deal. Later in the day, Trump is scheduled to address U.S. trade policy at the Economic Club of New York, and markets will tune in for any upbeat commentary since his remark on Friday, that he had not agreed to roll back tariffs, had dented prospect of an imminent trade pact. Hopes of positive news from the event boosted Shanghai as well as Hong Kong stocks. In a low volume session, Singapore shares jumped 0.8% on strength in industrial stocks. The index had shed about 1.4% over the past two days. "An improvement in U.S.-China trade relations leaves Singapore poised better than most, to gain an immediate benefit," Jeffrey Halley, senior market analyst, Asia Pacific at OANDA said in a note. "The worsening situation in Hong Kong will almost certainly benefit Singapore in the longer-term, as investment decisions between the two become no-brainer right now," he added. Conglomerates Jardine Strategic Holdings Ltd and Jardine Matheson Holdings Ltd added 4.8% and 2.6%, respectively. Thai shares advanced as Bangkok Life Assurance's jump in quarterly profit propelled the financials higher while telco Advanced Info Service PCL tacked on 2.2%. Vietnam's main index rose 0.2%, buoyed by financials. Insurer FWD Group is set to acquire a unit of Vietcombank , the country's top lender and forge an exclusive 15-year bancassurance tie-up with the bank, in a deal valued at about $400 million. Vietcombank's shares closed up 0.4%. Meanwhile, customs data showed Vietnam's trade surplus widened to $1.86 billion in October as exports rose, when compared to the previous month. Philippine shares ended flat after trading lower throughout the session as investors picked up heavyweight stocks SM Prime Holdings Inc and BDO Unibank Inc at the last minute. For Asian Companies click; SOUTHEAST ASIAN STOCK MARKETS Change on the day Market Current Previous close Pct Move Singapore 3267.8 3240.65 0.84 Bangkok 1626.2 1622.12 0.25 Manila 8012.34 8009.38 0.04 Jakarta 6180.992 6148.74 0.52 Kuala Lumpur 1609.73 1608.15 0.10 Ho Chi Minh 1018.33 1016.75 0.16 Change so far in 2019 Market Current End 2018 Pct Move Singapore 3267.8 3068.76 6.49 Bangkok 1626.2 1563.88 3.98 Manila 8012.34 7,466.02 7.32 Jakarta 6180.992 6,194.50 -0.22 Kuala Lumpur 1609.73 1690.58 -4.78 Ho Chi Minh 1018.33 892.54 14.09 (Reporting by Anushka Trivedi in Bengaluru; Editing by Shailesh Kuber)

SE Asia Stocks-Philippine falls to near two-week low; Singapore gains

12 Nov 2019

* Philippine shares on track to slide for 3rd session * BSP says Aug FDI net flows dropped significantly * Telcos boost Thai stocks By Anushka Trivedi Nov 12 Philippine shares dropped to their lowest in almost two weeks on Tuesday, pulled lower by financials stocks, while Singapore led gains in Southeast Asia ahead of retail sales data due later in the day. The benchmark Philippine index dropped 0.4% after the country's central said on Monday that foreign direct investments (FDI) net inflows decreased to $416 million in August from $758 million a year ago as ongoing uncertainty in the global environment dampened sentiment. (https://bit.ly/34P2Ttk) The decline in FDI inflows is likely to continue, which will drag both GDP and employment, as foreign investors wait for a key corporate income tax bill expected in 2020, AP Securities analysts said in a client note. Singapore shares advanced 0.3%, after losing about 1.4% in the past two sessions on weakness in industrial stocks. The city-state's September retail sales figures, slated to be released later in the session, likely shrank on an annual basis but rose 3.5% over the previous month, according to OCBC analysts. Conglomerates Jardine Strategic Holdings Ltd and Jardine Matheson Holdings Ltd added 1.3% each. However, most other Southeast Asian stock markets were little changed in thin trade ahead of a speech by U.S. President Donald Trump on Tuesday that could provide clues on the status of an interim trade deal with China. Trump had doused hopes of an imminent trade pact over the weekend, when he said he had not agreed to roll back tariffs on China as part of "phase one" deal. There is no sign that trade talks have broken down but "the current condition is unlikely to give risk asset another leg up either in the absence of any further positive follow through," Mizuho analysts said in a note. The Thai benchmark edged up, with telco Advanced Info Service PCL jumping 1.8%. Jefferies expects the transition to 5G to result in better market collaboration and higher ARPU growth for the telecom sector. Indonesia's main index slid 0.1%, with lenders Bank Central Asia Tbk PT and Bank Mandiri (Persero) Tbk PT dragging the benchmark. For Asian Companies click; SOUTHEAST ASIAN STOCK MARKETS AS AT 0404 GMT Change on the day Market Current Previous close Pct Move Singapore 3250.45 3240.65 0.30 Bangkok 1625.1 1622.12 0.18 Manila 7980.01 8009.38 -0.37 Jakarta 6146.457 6148.74 -0.04 Kuala Lumpur 1609.34 1608.15 0.07 Ho Chi Minh 1018.66 1016.75 0.19 Change so far in 2019 Market Current End 2018 Pct Move Singapore 3250.45 3068.76 5.92 Bangkok 1625.1 1563.88 3.91 Manila 7980.01 7,466.02 6.88 Jakarta 6146.457 6,194.50 -0.78 Kuala Lumpur 1609.34 1690.58 -4.81 Ho Chi Minh 1018.66 892.54 14.13 (Reporting by Anushka Trivedi in Bengaluru; Editing by Aditya Soni)

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