|Bid||34,475.00 x 0|
|Ask||34,500.00 x 0|
|Day's Range||34,375.00 - 34,875.00|
|52 Week Range||25,700.00 - 35,300.00|
|Beta (5Y Monthly)||0.32|
|PE Ratio (TTM)||30.07|
|Earnings Date||Jul 25, 2018 - Jul 30, 2018|
|Forward Dividend & Yield||355.00 (1.03%)|
|Ex-Dividend Date||Dec 06, 2019|
|1y Target Est||26,285.70|
Trading in most Southeast Asian markets, however, was below a third of their 30-day average volume as traders settled in for year-end holidays. The Manila bourse fell 0.7%, the most in the region, weighed down by banking and real estate stocks.
* Indonesia c.bank keeps policy rates on hold * Philippines snaps two sessions of gains * Thailand gains for second straight day Dec 19 (Reuters) - Most Southeast Asian markets fell on Thursday, with Philippines leading declines, as investors booked profits ahead of the holiday season, and as lack of additional details on the interim Sino-U.S. trade deal continued to weigh on sentiment. A spokesman at the Chinese commerce ministry said China and U.S. trade teams are in close communication, but there is no specific information on the deal to disclose currently.
(Bloomberg Opinion) -- It’s only fitting that Thailand’s second-largest bank pipped a Japanese rival to buy a lender in Indonesia. The elixir of youth is a great attraction to those who no longer have it.Just like in Japan, the aging Thai population is propelling the economy into long-term stagnation, leaving the likes of Bangkok Bank Pcl with no choice except to seek their fortunes in younger societies bubbling over with credit demand at juicy yields. Hence, the $2.7 billion bid for 90% of Indonesia’s PT Bank Permata.At 1.8 times book value, the first major overseas acquisition by a Thai bank isn’t cheap. But the mid-tier Indonesian lender was a coveted asset. At one stage, Singapore’s Oversea-Chinese Banking Corp. had weighed a bid. Japan’s Sumitomo Mitsui Financial Group Inc. had also shown interest in buying out the existing owners, Standard Chartered Plc and PT Astra International. Since Astra is Toyota Motor Corp.’s Indonesian partner and controls half of the car market, it seemed logical that a Japanese institution would want to get into the driver’s seat at Permata, a specialist auto financier.But Bangkok Bank decided to open its checkbook. And why not? When local businesses have been steadily funneling capital out of the country, how long can banks stay put at home? Since 2010, Thai companies have led or taken part in $83 billion of overseas M&A, including 18 deals of $1 billion or more. Billionaire Dhanin Chearavanont’s Charoen Pokphand Group Co., and Thai Beverage Pcl of Charoen Sirivadhanabhakdi have been the heavy hitters, fighting to acquire assets in China, Vietnam, the U.S., and wherever they can find them.As I’ve noted before, Thailand’s per capita income is a fifth of South Korea’s, 73% less than Taiwan’s, and a third lower than Malaysia’s, but its outbound-to-inbound investment ratio of 1.9 is higher than all three. Thai demographics are also among the worst in the world. With a fertility rate of 1.5 live births per woman, far lower than the replacement rate of 2.1, it now appears that the small-family drive begun by activists like Mechai Viravaidya, known as Mr. Condom, in the 1970s, has worked a little too well: The 68 million population is expected to shrink by a third by the end of the century. Apart from population, the other big driver is politics. The Thai overseas M&A wave picked up momentum as democracy was snuffed out in 2014 by the second military coup in eight years. Since then, private investment in the domestic economy has ebbed and flowed with global demand. Last year was good; this year is bad. Elections in March returned Prayuth Chan-Ocha, the former general who led the junta, as prime minister. But with efforts under way to break up the country’s most vocal opposition party, there’s little optimism about resumption of a real democracy in the Southeast Asian country. Bangkok Bank shareholders are a little miffed about the overseas shopping expedition. Their dividend checks could be at risk. But the draw of a young market where large banks still earn a 15%-plus return on equity, the best in Asia, is compelling. Permata is not in the league of a PT Bank Rakyat Indonesia or a PT Bank Central Asia, but as Japanese lenders like Mitsubishi UFJ Financial Group Inc. know only too well, you try to get a foot in the door in Indonesia when it opens even a little.The pull of Indonesia adds to the push to expand beyond a moribund home market. Even with dirt-cheap money — Thai 10-year government bond yields of 1.6% are lower than even in the U.S. — loan growth in the domestic economy has collapsed to 3.8%. The prognosis isn’t cheery, either. A quarter of Thailand’s people will be over 60 by 2030. And unlike Japan, which managed to get rich before it got old, per capita national income of $6,600 last year is only half of the high-income threshold. Indonesia is an even lower $4,000, but there, the ratio of people 65 or older is half that of Thailand’s 12%. Bangkok lenders have to seek out youth — from Indonesia to India and Bangladesh. Condoms and coups have left them with no choice. To contact the author of this story: Andy Mukherjee at email@example.comTo contact the editor responsible for this story: Patrick McDowell at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services. He previously was a columnist for Reuters Breakingviews. He has also worked for the Straits Times, ET NOW and Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
* Hong Kong human rights bill could hamper trade talks * Indonesia set for sixth straight day of losses * The Philippines falls most, down 0.7% By Arundhati Dutta Nov 28 (Reuters) - Southeast Asian markets fell on Thursday as investors feared the U.S. government's decision to sign a bill backing protesters in Hong Kong could thwart Beijing and Washington from defusing their 16-month trade dispute. Mass protests for more democracy and autonomy have rocked the former British colony for six months, with escalating violence and fears that China will ratchet up its response to end the unrest. China's Foreign Ministry said it will take "firm counter measures" if the United States continues to interfere in Hong Kong after Trump on Wednesday signed into law congressional legislation backing pro-democracy protesters in Hong Kong.
* 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 (Reuters) - 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. "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.
* 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 (Reuters) - 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. Singapore shares advanced 0.3%, after losing about 1.4% in the past two sessions on weakness in industrial stocks.
* China tariff rollback faces opposition in White House- report * Singapore set for fifth straight weekly gain * Thailand set to post biggest weekly gain in over 1 year By Sameer Manekar Nov 8 (Reuters) - Most Southeast Asian markets on Friday retreated from the recent risk-on rally, with Singapore falling the most, as sentiment was hit by doubts over Washington's tariff rollback announcement. A Reuters exclusive report of fierce internal opposition in the White House to a possible rollback of U.S. tariffs on China diminished initial optimism over a "phase-one" deal being reached between the two.
* Thai stocks flat-to-low ahead of C.bank policy decision * Philippines sees worst session in over a month * Singapore set to rise for third consecutive session By Sameer Manekar Nov 6 (Reuters) - Most Southeast Asian stock markets traded in a flat-to-low range on Wednesday, with the Philippines leading declines after recent gains, as investors turned cautious in anticipation of concrete details from the Sino-U.S. trade negotiations. China is insisting that the United States remove tariffs imposed in September as a part of the "phase one" Sino-U.S. trade deal, which is expected to be signed this month at a yet-to-be-determined location. "Continued optimism that the U.S. and China are on the cusp of sealing the 'Phase 1' trade deal is now conditional on meeting Beijing's demand for a rollback at least of tariffs imposed in September, over and above avoiding further tariff escalation," Mizuho Bank said in a note.
* Thailand gains most in 11 months * Malaysia Sept. exports -6.8% y/y (Reuters poll: -0.1%) * Philippine shares hit over 3-month high By Sameer Manekar Nov 4 (Reuters) - Most Southeast Asian markets rose on Monday, with Thailand leading gains, as investors took heart from signs of progress in Sino-U.S. trade talks. Also aiding sentiment was the expectation of a rate-cut by the Bank of Thailand at its meeting on Wednesday to support growth. Malaysia's benchmark index gained 0.6%, shrugging off a worse than expected decline in its September exports.
* BI expected to cut benchmark rate by 25 bps - Reuters poll * Indonesia set to rise for 10th straight session * MAS chief says Singapore economy may recover in few quarters - Bloomberg By Sameer Manekar Oct 24 (Reuters) - Indonesian stocks hit a six-week high on Thursday ahead of the central bank's key rate decision, while Singapore shares rose on hopes of a revival in economic growth in the city-state. Bank Indonesia (BI) is expected to cut its benchmark rate by 25 basis points later on Thursday, according to a Reuters poll, as the central bank looks to shore up an economy struggling to maintain its growth trajectory. "BI will probably cut (its) policy rate again given external resilience, waning growth momentum and lacklustre credit growth," Mizuho Bank said in a note to clients.
* China Sept exports post biggest fall since February * Malaysia rises on possible stimulus measures * Singapore cenbank eases policy By Sameer Manekar Oct 14 (Reuters) - Southeast Asian stocks finished in the black on Monday, riding the optimism surrounding the Sino-U.S. trade talks, while weak data from China, the region's largest trading partner, capped further gains. China's September exports fell more than expected, while imports contracted for the fifth straight month. September had seen an escalation in the Sino-U.S. trade dispute, with both sides levying additional tariffs on imports from the other country.
* China's Sept exports, imports in deeper contraction * Singapore's central bank eases monetary policy * Malaysia widens fiscal deficit target, promises stimulus By Sameer Manekar Oct 14 (Reuters) - Southeast Asian stock markets rose on Monday as signs of progress in the Sino-U.S. trade standoff boosted risk sentiment, while gains were limited as dismal data from China, the region's biggest trading partner, pointed to weakness in the economy. China's exports fell at a faster pace in September, while imports contracted for a fifth straight month, pointing to further weakness in the economy and underlining the need for more stimulus as the Sino-U.S. trade war drags on.