|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||19.43 - 19.43|
|52 Week Range||17.80 - 19.43|
|Beta (5Y Monthly)||0.49|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.17 (0.90%)|
|Ex-Dividend Date||May 07, 2019|
|1y Target Est||N/A|
* Most have worst quarter in over 2 decades * Indonesia bans all arrivals and transit by foreigners * Vietnam to begin 15 days of social distancing By Arundhati Dutta March 31 (Reuters) - Most Southeast Asian markets recorded their worst monthly drop since 2008 as the coronavirus pandemic pummelled their economies, although strong factory data from China pushed most of the indexes higher on Tuesday. On the upside, factory activity in China - the region's biggest trading partner - unexpectedly expanded in March from a collapse in the previous month, though analysts warn that the global pandemic would continue to pressure the economy. Thailand's current account surplus was $5.4 billion in February, up from a surplus of $3.44 billion in the previous month, the central bank said on Tuesday.
* Indonesian President plans stricter movement restrictions * Vietnamese PM orders suspension of public transport services * Thailand earmarks $15 bln stimulus package By Arundhati Dutta March 31 (Reuters) - Southeast Asian stock markets rose on Tuesday as data showed China factory activity unexpectedly expanded in March after contracting to a record low in the previous month even though the coronavirus pandemic showed few signs of abating. China's official Purchasing Managers' Index rose to 52 in March from a collapse to a record low of 35.7 in February, but analysts cautioned the index might overstate the true improvement as firms could be reporting expansion after a forced stoppage. Indonesian President Joko Widodo said on Monday he planned stricter rules on mobility and social distancing.
(Bloomberg) -- As foreign investors exit Philippine equities at a record pace amid the sell-off brought on by the coronavirus, some domestic fund managers are scooping up blue-chip bargains.Local stock valuations have become too attractive to pass up, according to Helen Oleta, head of trading at Rizal Commercial Banking Corp., and Robert Ramos, chief investment officer at East West Banking Corp. Both prefer large-cap stocks such as Ayala Corp. and SM Investments Corp., seen as the likely leaders of a recovery after virus concerns dissipate.“You will never be able to catch the bottom, so if you believe in the company and you have the cash, then pick up the name that you like,” said Oleta, who helps manage about 100 billion pesos ($2 billion). “It’s a buyer’s market now, and that’s better than chasing prices later on.”Overseas investors have pulled $391 million from Philippine equities this quarter through Tuesday, a record outflow to start a year, based on data going back to 2000. Hurt in part by expectations the outbreak will hit the nation’s economy and corporate earnings, the benchmark gauge is down almost 19% from a July high.All but one of the benchmark gauge’s 30 components have declined this year, with more than half slumping by at least 15%. The index is trading at about 13.3 times earnings projected for the next 12 months, near the cheapest since January 2012 and a discount to the five-year average of 17.2 times, data compiled by Bloomberg show.Ramos, who helps manage 35 billion pesos at East West Banking, said the multiple could move back to its historical average if earnings growth holds at 10% this year and the coronavirus epidemic isn’t prolonged. Rizal’s Oleta said first- and second-quarter corporate results could help stabilize the equities market.“Buying at current valuation, even with the volatility, is a good idea, more so for long-term investors,” Ramos said. “Investors who are more short term in nature and don’t want to take risk should try to hold off and keep their cash.”In terms of sectors, both fund managers favor banks. The rise in yields caused by the shift to the safety of bonds from equities amid the virus outbreak will boost lenders’ trading income, they say.“Many names are very attractive but we remain selective,” as it remains uncertain how long the stock market downturn will last, said Oleta. “Assuming we have already hit the floor, it’s blue chips that will set the highest potential for a recovery.”(Updates price-related data in fourth and fifth paragraphs)To contact the reporter on this story: Ian Sayson in Manila at email@example.comTo contact the editors responsible for this story: Lianting Tu at firstname.lastname@example.org, Kurt Schussler, Cecile VannucciFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
* China cuts benchmark interest rate to support virus-hit economy * Thai index at lowest since Nov 2016 * Indonesia and Malaysia stocks trade flat By Arundhati Dutta Feb 20 (Reuters) - Stocks in Thailand and Singapore led declines in Southeast Asia on Thursday amid concerns that the coronavirus epidemic is yet to be contained and over its economic impact, despite Chinese stimulus measures to cushion the strain of the outbreak. Economies of Singapore and Thailand have suffered from the epidemic, with Singapore lowering its 2020 growth forecast and Thailand flagging a slump in tourist numbers this year.
* Singapore snaps 4-session losing streak * Thailand 2020 GDP growth to be lower than forecast - c.bank * Indonesia up for 3rd straight session By Arundhati Dutta Feb 19 (Reuters) - Most Southeast Asian stock markets rose on Wednesday as the rate of new coronavirus infections in China slowed, while Thailand fell after its central bank projected a bleak outlook for economic growth this year. Chinese authorities reported the lowest daily rise in new virus cases since Jan. 29 on Wednesday, as the number of new infections fell for a second straight day.
* Sentiment remains fragile due to worries about coronavirus * Singapore set to snap four-day losing streak * Indonesia extends gains for a third straight session * Vietnam expects to export 6.75 mln tonnes of rice in 2020 By Arundhati Dutta Feb 19 (Reuters) - Most Southeast Asian stock markets inched higher on Wednesday, with Singapore leading the pack, as a slight decline in the number of new coronavirus cases lifted risk appetite. Investors are also holding on to hopes that China - the region's largest trading partner - would roll out more stimulus to support its virus-hit economy, especially for a cut in its benchmark loan prime rate due to be announced on Thursday. The number of new virus cases fell for a second straight day, even as the death toll in mainland China crossed 2,000 on Wednesday.
* Philippines leads gains in the region Singapore cuts 2020 growth forecast, flags recession risk * Thailand 2019 economy growth falls to 5-yr low By Arundhati Dutta Feb 17 (Reuters) - Philippine shares ended higher on Monday, helped by last-minute buying in large caps after a sharp decline last week, while most other Southeast Asian markets were subdued as China's stimulus measures countered weak economic data from the region. In a move to cushion the economic fallout from the epidemic, China's central bank lowered the interest rate on its medium-term loans, paving the way for a cut in the country's benchmark loan prime rate, set to be announced on Thursday. The number of reported new virus cases in China's Hubei province rose on Monday, after two days of falls, while the death toll across mainland China reached 1,770.
* Singapore slashes 2020 growth forecast due to virus * Thai Q4 GDP expands 1.6% y/y, slowest pace in 5 years * China lowers key interest rate By Arundhati Dutta Feb 17 (Reuters) - Most Southeast Asian stock markets were subdued in thin trading on Monday, as stimulus measures from China helped cushion the impact from the coronavirus epidemic on regional economies. As governments unleash more monetary loosening to protect their economies, China's central bank lowered one of its key interest rates, paving the way for a cut in its benchmark loan prime rate, which will be announced on Thursday. The number of reported new virus cases in China's Hubei province rose on Monday after two days of falls, while across mainland China, the total number of cases rose by 2,048 to 70,548, with 1,770 deaths.
* China reports 5,000 new virus cases, ship disembarks in Cambodia * The Philippine index leads declines, down up to 0.7% * Oil prices set for first weekly gain in six, lift Thai index * Singapore set for biggest weekly gain in over 3 months By Arundhati Dutta Feb 14 (Reuters) - Southeast Asian stock markets were subdued on Friday as renewed doubts about the scale of coronavirus outbreak spooked investors, while the Thai index rose with its prominent energy sector gaining as oil prices extended their week-old recovery. Financial markets have hinged on virus headlines through the week and rallied at any sign of infections easing.
* Indonesia leads declines, down 0.5% * Philippines on track to fall for second straight day * Singapore and Vietnam subdued By Arundhati Dutta Feb 13 (Reuters) - Southeast Asian stock markets edged lower in thin trading on Thursday as a surge in the number of coronavirus cases prompted investors to stay away from risky bets. Analysts at Maybank said in a note that since the surge in new cases was a result of "broadening the definition of confirmed cases", new numbers as of Thursday will be closely watched to see if it normalizes. Global stocks have rallied after China's senior medical advisor said the epidemic would be over by April.
* Singapore leads regional gainers * Philippine Dec trade deficit narrows to 6-month low * Vietnam rises on financials By Arundhati Dutta Feb 11 (Reuters) - Most Southeast Asian stock markets rose on Tuesday, led by Singapore, as new cases of coronavirus in China fell and investors waited to see how quickly the country's factories could return to work. "The decline of confirmed and suspected cases in Hubei province showed China's lockdown may start to bear fruits," OCBC Treasury Research said in a note. The virus outbreak is expected to have a devastating impact on China's growth in the first quarter, pushing policymakers to adopt measures such as capital injection and tariff exemptions for materials used for epidemic control to support its economy.
* WHO declares coronavirus a global health emergency * Singapore posts biggest monthly drop since August * Malaysia closes at an eight-year low By Arpit Nayak Jan 31 (Reuters) - The Philippine and Vietnam indexes slumped over 2% on Friday, while other Southeast Asian stock markets also extended losses to close lower as fears about the spread of coronavirus triggered sell-offs across the region. The World Health Organisation on Thursday declared the virus a global health emergency, as the death toll surpassed the 200-mark in China while at least 22 other countries reported infections. Economists fear the hit to China's economy from the virus could result in a greater economic impact to the world's economy than that of the 2002/2003 Severe Acute Respiratory (SARS) epidemic, since China's share of the global economy is now far greater.
* WHO declares coronavirus outbreak a global health emergency * Philippines set for fifth straight session of losses * Indonesia set to fall over 4% for the week By Arpit Nayak Jan 31 (Reuters) - Southeast Asian stock markets extended losses on Friday after the World Health Organisation (WHO) declared the coronavirus outbreak a global emergency, with Indonesia and Philippines easing over 1% each. The death toll from the virus crossed the 200-mark in China with confirmed cases of infection reported in at least 22 other countries and regions. The WHO director-general on Thursday said the greatest concern was the virus' potential spread to countries with weaker healthcare systems, compounded by cases of person-to-person transfer of the virus outside China.
* 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.
* Singapore posts biggest intraday pct gain in nearly 3 weeks * Philippines has best session in more than a week * Malaysia snaps two sessions of losses By Arundhati Dutta Dec 11 (Reuters) - Most Southeast Asian markets rose on Wednesday on expectations of a delay in U.S. tariffs on Chinese goods set to kick in this weekend, but Thailand fell for a tenth straight session. "Market players are positioned for a delay at the very least," Maybank said in a note. The Singapore index, which is highly sensitive to developments on the trade war front, posted its biggest intraday percentage gain in nearly three weeks.
* Washington and Beijing may delay Dec. 15 tariffs - WSJ * Thai index set to fall for 10th straight session * Singapore up on blue chips By Arundhati Dutta Dec 11 (Reuters) - Most Southeast Asian stock markets were subdued on Wednesday, ahead of a looming tariff deadline, despite a report that cited trade negotiators are laying the groundwork to delay fresh U.S. tariffs on Chinese imports. Officials in Beijing and Washington have signalled that Dec. 15 is not the final date for reaching a so-called "phase-one" deal, according to a Wall Street Journal report, even though that is the date U.S. President Donald Trump has set for tariffs to increase on $165 billion of Chinese goods.
* Indonesia's ends lower despite hopes of c.bank trimming rates * Philippine markets cautious ahead of c.bank meeting - analyst * Thailand closed for a holiday By Arundhati Dutta Dec 10 (Reuters) - Southeast Asian markets saw broad losses on Tuesday, with Vietnam falling the most, as investors held risky bets awaiting a decision from the United States on whether it would go ahead with fresh tariffs on Chinese imports this weekend. While Beijing said it hoped to strike a deal as soon as possible, U.S. President Donald Trump said that the United States was doing well in hammering out an agreement with China. Vietnam stocks led the declines in the region, dragged by consumer stocks.
Bank meeting - analyst * Thailand closed for a holiday By Arundhati Dutta Dec 10 (Reuters) - Most Southeast Asian markets were in the red on Tuesday, with Philippines falling for a second day, on uncertainty around Dec. 15 deadline for fresh U.S. tariffs on Chinese imports. Ahead of the tariffs on $156 billion worth of Chinese goods, both China and the United States have made reconciliatory remarks. While China has said it hoped to make a trade deal as soon as possible, U.S. President Donald Trump said Washington is doing well in hammering out an agreement with Beijing.
* China exports shrink for fourth consecutive month * Thailand posts ninth straight session of falls * Malaysia snaps 2 sessions of gains By Arundhati Dutta Dec 9 (Reuters) - Most Southeast Asian markets weakened on Monday, as worries over poor economic data from China offset Wall Street cheer on strong U.S. jobs data, while investors buckled in for a crucial week of trade negotiations. Chinese exports eased for the fourth straight month in November, implying that the 17-month long trade standoff with the United States was weighing on Southeast Asia's largest trading partner. "China's insistence for U.S. tariff rollbacks remains a critical redline, " DBS Group Research wrote in a note.
* China exports in Nov shrank for fourth straight month * Thailand set for ninth straight session of falls * Singapore, Indonesia little changed By Arundhati Dutta Dec 9 (Reuters) - Most Southeast Asian markets were subdued on Monday as weak export data from China, the region's biggest trading partner, signalled weakness for the broader Asian economy, offsetting positive Wall Street clues following solid U.S. jobs print. Investor sentiment was hit after data projected that China exports in November shrank for the fourth straight month, implying that the trade war with the United States was taking a toll on the world's second-largest economy. Asian peers caught some of Wall Street's momentum after data showed that U.S. job growth increased by the most in 10 months in November.