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Afternoon Note

15 ,

 2554

1000 + /-

Local Institution Strategist Team


Mayuree Chowvikran, CISA
Analyst
662-6586300 x 1440
Padon Vannarat
Equity Analyst
662-6586300 x 1450
Chaiyachoke Suwisuttangkul
Economist
662-6586300 x 1540
Chatchai Jindarat

AFTERNOON STRATEGY

Wait & See

Strategist Note:

 
  1,023.76  !"#$ +0.80   ' +0.08% !)*+ -'$" . . 8.6 /   0 / 

+ 1/"#$ 2 +3. 4+5  434 ." 66


 /*3!
!+!/ 2+4 3 . 4
"782 0 5+.92+ /3.
41*'
32 4*:/30!. -'$"  ";1  MSCI Asia Pacific +0.8%  +!" 5+.0+ +0.9% 
 //3"#$ ". PSL +2.8% 
7/ 3-'$ '2!+ 41 BDI 6 1/5).5  9 '  -'$" 5).5 5 / /4
4+ BBL,
PTT,PTTCH, KBANK, BAY
KimEng  1! U . SET INDEX + 3/ $1 /.9/ 93  1W3 ;X.  /.
!+/ /30 1Y
 * .*6 Z $6!/ Z
*+.  X Z  *'
3
 U . /.  *3 ! 1Y "+3[7\. 0  +.2  !/ *'
3*+. 
  / X ; 7/ /.*.+ *++ '. 5+.5/88;.+ 145.  +.

  : KimEng 4 1 62    ! Wait&See

Analyst
662-6586300 x 1401

MORNING WRAP

Twitter channel
http://twitter.com/YipNgenYipTong

NIKKEI

REGIONAL MOVEMENT

SET TFEX MOVEMENT

8,667.14

1.74%

SET

1,023.76

0.08%

19,061.94

0.09%

SET50

711.61

0.04%

STRAITS TIMES

2,751.00

0.43%

S50U11

711.80

-0.60

KOSPI

1,770.03

1.19%

S50U11C700

20.20

-1.80

S50U11P700

HSKI

8.50

-2.50

PTTU11

313.00

+0.50

-1.61%

PTTEPU11

161.50

-1.27

741.08

0.81%

BANPUU11

11,166.00

-0.07%

GFV11

19,894.23

-0.20%

BBL

149.50

BANK

379.03

0.48%

PTT

311.00

-0.32%

PROP

152.43

-0.20%

PTTCH

123.00

+0.41%

ICT

113.97

0.73%

KBANK

119.50

+0.84%

90.55

0.91%

BAY

22.80

-1.30%

SHANGHAI COMPOSITE

2,482.45

-0.10%

PHILIPPINE SE

4,291.40

0.76%

JAKARTA COMPOSITE

3,737.73

MSCI ASIA PACIFIC


DJIA Futures

CORE SECTOR MOVEMENT


ENERG

TRANS

WTI Futures
Bloomberg AP Coal Index
Soybean Futures Price
Source: Bloomberg

0.00
-270.00

TOP 5 MOST ACTIVE

COMMODITY MOVEMENT
GOLD Futures

616.00
26,280.00

+1.36%

CURRENCY MOVEMENT

88.49

-0.47%

THB / US$

30.30

1,812.70

-0.76%

Yen / US$

76.72

0.10

797.20

-0.02%

US$ / Euro

1.3723

-0.0032

1,384.25
@ 1.00 pm

0.11%

0.01

NEWS SUMMARY


)* +, *,- + .  KBANK 3 43 
5: *.
3  D+    +/ / /*3!
+']'  Baa3 2 1 1 3 0  ;"!). . ^ 2553 41 1H54 !*;W5 / X "#$ + '.
0 W 3!!7/ '$ ` !5] W-#. /.*. )+! 1/ D+  +/a * 2 W)!W*
,6 2Q54 ;<+4==,-, )!*,-> *6- 3 =@:  1/ 1.9%  2.2% 2 1Q54
3+ *3+1 )+  1/ 2%  "  6. 9".9) 1 ' . / !"#$ ".35.*X
".9) 0W*! "  /3".U c`
,* .+. ;BC <==C * : 5)+ 1/ 7.1% !  1/ 7.2% 2 ' !. .  '.
U c`   /3+ '. 1  .. !"#$

This report is for local institutional clients only

http://twitter.com/YipNgenYipTong

Thailand Equity Research

15  2554

Thailand Equity Research

ASIAN WRAP
REGIONAL MOVEMENT
2.18%

TAIWAN TAIEX
KOSPI

1.19%

MSCI ASIA PACIFIC

0.81%

PHILIPPINE SE

0.76%

STAITS TIMES

0.43%

HSKI

0.09%

SET

0.08%

SHANGHAI COMPOSITE
NIKKEI

HANGHAI =,-,Q,Q: 0   //3"#$


4+ SAIC +2.9%
41 Anhui Jianghuai Automobile +1.4% /. /3* 1X Citic
Securities 4 1 6-'$ +!  X ";1  a *  //3.
4+
China Minsheng Banking -1.2% 41 Huaxia Bank -0.3% /. 5.
Shanghai Securities 13+a * " Y.!5/5+3 . 56 .
!"#$ !9/$.4+3/ $u 
 41/ . vw* ;X2  /. .
/3 1/5).

-0.10%
-1.61%

Note: KOSPI and HSKI close

ASIA PACIFIC VS THAILAND SECTORAL MOVEMENT


SHIPPING

1.86%

-0.10%

CHEMICAL

0.42%

COAL

0.88%

-0.27%

TRANS

0.84%

-0.11%

CONSTRUCTION

-0.02%

BANK

-0.34%
-0.07%
-0.17%

BUILDING MTRLS
FOOD

-0.18%

REAL ESTATE

-0.33%
-0.07%

ENERGY
-1.49%

ANG SENG =,-,-=R,  2: !!!..3!"#$


+   4 7 8 $ 5 a ;12  0  / . 9) 6   !/ 41[ / . U5
!  *3!'!/ /.  2 3/ + 62 / //33
/$. $  +! 1/  //3"#$ 0+
4+ China Life +2.9% 41
PICC Property & Casualty +3.9% /.  . /3" .  1/
!"#$ 2 +3. 8M54

0.56%
0.51%
0.51%

TELECOM

FARMING & FISHING

0.89%

IKKEI **,;N : ! U . 5 /`d 2 *' + /.


9) 6  !/ 41[ /.U5  *3!'!/ 3+ -1 /.*. )+2
+! ) 5+.92. )0 /!4"Y.*+!'  /.  5+.93+
 5+. +. Sony +1.3% 41 Kyocera +2.1% ";1  Elpida
+5.6% /. 13+  `  9
 /.
3/ '9 1 
*+.  4"Y.*+415 !Y  5X --2 8l

0.50%
0.05%
0.16%
0.02%

-0.15%

Asia Pac

Thailand

Time Update: Sep 15 @ 13.00 Source: Bloomberg

Components of Stocks in Sectoral Movement


SECTORS
ENERGY
BANK
COAL
FARMING&FISHING

STOCKS
PTT, PTTEP, TOP, PTTAR, ESSO, BCP, SGP, SUSCO, GLOW, EGCO, ROJNA, SCG
BBL, SCB, KBANK, BAY, KTB, SCIB, TMB, CIMBT, TCAP, TISCO, KK
BANPU, LANNA
CPF, LEE, CPI, TLUXE, STA
2

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15  2554

Thailand Equity Research

FOOD

CPALL, PM, ASIAN, TUF, KSL, TF, TVO, PB, UVAN, SAUCE, GFPT, EE, PRG, LST, PRG, SSF,
TIPCO, UPOIC, CM, SFP, CFRESH, TWFP, CHOTI, PPC, TC, APURE, SORKON
SHIPPING
TTA, PSL, RCL, JUTHA
TRANS SERVICE
AOT, BECL, BAFS, UST, BTS, THAI
REAL ESTATE
PS, CPN, QH, MBK, SPALI, LPN, BLAND, AMATA, HEMRAJ, SIRI, TICON, SC, SF, NCH, PF, A,
MK, GOLD, MJD, NOBLE, ESTAR, NNCL, SENA, RAIMON, SAMCO, KC, METRO, BROCK,
MDX, KTP, TFD, PRECHA, CI, KMC, THANA, RASA, LL, EVER, WIN
CONSTRUCTION
STEC, ITD, CK, UNIQ, TTCL, ASCON, SYNTEC, PLE, SEAFCO, NWR, CNT, TPOLY, TRC, PREB,
FOCUS, PAE, TIES
BUILDING MATERIALS TASCO, SCC, SCCC, TPIPL, DCC, VNG, DRT, GLOBAL, TGCI, QCON, CEN, UMI, DCON, CCP,
KWH, RCI, GEN, SUPER, TWP, SCP, SINGHA
CHEMICAL
PTTCH, IRPC, IVL, RPC, WG, TRUBB, YCI
TELECOM
ADVANC, DTAC, TRUE, THCOM, SAMTEL, JAS, BLISS

Intra-day Movements of Asian Stock Markets & Commodities


NIKKEI

HSKI

3
www.kimeng.co.th http://twitter.com/YipNgenYipTong

Source: Bloomberg

www.kimeng.co.th http://twitter.com/YipNgenYipTong

88.25

12:34:00

12:13:00

11:52:00

11:31:00

11:08:00

89.25

10:44:00

NYMEX Crude Futures

10:22:00

Source: Bloomberg
11:12:00

10:51:00

10:30:00

10:09:00

9:48:00

9:27:00

9:06:00

8:45:00

12:51:00

12:38:00

12:25:00

12:12:00

11:59:00

11:46:00

11:33:00

11:20:00

11:07:00

10:54:00

10:41:00

10:28:00

10:15:00

10:02:00

9:49:00

9:36:00

9:23:00

9:10:00

8:57:00

8:44:00

8:31:00

8:18:00

8:05:00

Shanghai Composite

9:58:00

1020

8:24:00

1024

9:33:00

1026

9:12:00

1028

8:51:00

1030

8:03:00

1034

8:30:00

SET Index

8:09:00

Source: Bloomberg
7:52:00

2,475
7:39:00

2,480

7:42:00

2,485

7:48:00

2,500

7:26:00

Source: Bloomberg

7:13:00

7:00:00

12:49:00

12:40:00

12:31:00

12:22:00

12:13:00

12:04:00

10:26:00

10:17:00

10:08:00

9:59:00

9:50:00

9:41:00

9:32:00

9:23:00

9:14:00

9:05:00

8:56:00

12:45:00

12:35:00

11:00:00

10:50:00

10:40:00

10:30:00

10:20:00

10:10:00

10:00:00

9:50:00

9:40:00

9:30:00

9:20:00

9:10:00

9:00:00

8:50:00

8:40:00

8:30:00

8:20:00

12:48:00

12:38:00

12:28:00

12:18:00

12:08:00

11:58:00

11:48:00

11:38:00

11:28:00

11:18:00

11:08:00

10:58:00

10:48:00

10:38:00

9:00:00

8:50:00

8:40:00

8:30:00

8:20:00

8:10:00

8:00:00

7:50:00

7:40:00

7:30:00

7:20:00

7:10:00

7:00:00

8,600

7:21:00

7:00:00

12:29:00

12:18:00

12:07:00

11:56:00

11:45:00

11:34:00

11:23:00

11:12:00

11:01:00

10:50:00

10:39:00

10:28:00

10:17:00

8:47:00

8:38:00

8:25:00

8,640

7:25:00

88.75

(US$/ounce)

9:55:00
10:06:00

8,720

7:00:00

12:43:00

12:20:00

11:59:00

11:37:00

11:12:00

10:48:00

10:25:00

9:59:00

9:36:00

9:13:00

8:52:00

8:31:00

8:10:00

7:45:00

7:23:00

7:00:00

(US$/barrel)

Thailand Equity Research

15  2554

19,300

19,250

8,680
19,200

19,150

19,100

19,050

19,000

18,950

18,900

Source: Bloomberg
KOSPI Index

2,495
1,820

1,810

1,800

2,490
1,790

1,780

1,770

1,760

1,750

1,740

1,730

Source: Bloomberg
MSCI Asia Pacific 50 Index

1032

755

753

751

749

747

745

743

1022

741

739

737

735

Source: Bloomberg

1,830

COMEX Gold Futures

89.00

1,825

1,820

1,815

88.50

1,810

1,805

1,800

Source: Bloomberg

Thailand Equity Research

15  2554

Disclaimer

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5
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15  2554

Thailand Equity Research

THAI INSTITUTE OF DIRECTORS ASSOCIATION (IOD) CORPORATE GOVERNANCE REPORT RATING 2010

ADVANC

BMCL

ICC

NCH

RS

SIS

Score Range

Number of Logo

Description

AMATA

CPF

IFEC

NKI

SAMART

SITHAI

90-100

AOT

CPN

IRPC

NMG

SAMTEL

SNC

80-89

ASIMAR

CSL

KBANK

NOBLE

SAT

SSI

70-79

Good

BAFS

DRT

KEST

PSL

SC

SVI

60-69

Satisfactory

BANPU

EGCO

KK

PTT

SCB

TCAP

50-59

BAY

ERAWAN

KSL

PTTAR

SCC

THCOM

Lower than 50

BCP

FORTH

KTB

PTTCH

SCIB

TIP

TNITY

BECL

GBX

L&E

PTTEP

SCSMG

TIPCO

TOG

BKI

GC

LPN

RATCH

SE-ED

TISCO

TOP

BLS

HEMRAJ

MCOT

ROBINS

SIM

TMB

TTA

ACAP

BROOK

DTC

KDH

NSI

PYLON

SKR

TEAM

TSC

AEONTS

BTNC

EASTW

KGI

OCC

QH

SMIT

TF

TSTE

AHC

BWG

EIC

KTC

OGC

RASA

SMK

TFD

TSTH

AJ

CCET

ESSO

KYE

OISHI

RCI

SPALI

THAI

TTI

AKR

CENTEL

FE

LANNA

PAP

RCL

SPC

THRE

TTW

AP

CFRESH

GENCO

LH

PB

RICH

SPI

TIC

TUF

AS

CGS

GFPT

LOXLEY

PDI

ROJNA

SSEC

TICON

TVO

ASK

CHUO

GL

LST

PG

RPC

SSF

TIW

TWEP

ASP

CIMBT

GLOW

MACO

PHATRA

S&J

SSSC

TK

TYM

AYUD

CITY

GOLD

MAJOR

PL

S&P

STANLY

TKT

UMI

BBL

CK

GRAMMY

MAKRO

PM

SALEE

STEC

TLUXE

UMS

BEC

CM

HANA

MATCH

POST

SAMCO

STEEL

TMT

UP

BFIT

CNS

HMPRO

MATI

PPM

SCCC

SUC

TNL

UPOIC

BGH

CPALL

IAM

MBK

PR

SCG

SUSCO

TOPP

UV

BH

CSC

INET

MFC

PRANDA

SEAFCO

SVOA

TPC

VNT

BIGC

CSR

IRC

MFEC

PREB

SHIN

SWC

TPCORP

WACOAL

BJC

DCC

IRCP

MINT

PRIN

SICCO

SYNTEC

TRC

WAVE

BNC

DELTA

ITD

MK

PS

SIMAT

TASCO

TRT

YUASA

BOL

DM

KASET

MSC

PT

SINGER

TBSP

TRU

ZMICO

BROCK

DTAC

KCE

MTI

PTL

SIRI

TCP

TRUE

CI

ETG

KC

MJD

Q-CON

STA

TNH

UST

AFC

CMO

F&D

KCAR

MLINK

RAIMON

STAR

TNPC

UT

AH

CMR

FANCY

KH

MPIC

ROCK

SVH

TONHUA

UTP

AI

CNT

FNS

KKC

NC

SAM

SYNEX

TPA

UVAN

AIT

CPI

FOCUS

KMC

NEP

SAUCE

TAPAC

TPAC

VARO

ALUCON

CRL

FSS

KWC

NEW

SCNYL

TC

TPP

VIBHA

AMC

CRANE

GFM

KWH

NNCL

SCP

TCB

TR

VNG

APRINT

CSP

GLAND

LALIN

NTV

SF

TCC

TSF

WG

ASCON

CTW

GYT

LEE

NWR

SFP

TCJ

TWZ

WIN

BAT-3K

CWT

HFT

LHK

OHTL

SHANG

TFI

TYCN

WORK

BGT

DEMCO

HTC

LRH

PAF

SIAM

TGCI

UBIS

BLAND

DIMET

ILINK

MBAX

PATO

SMM

THANI

UEC

BSBM

DRACO

IT

M-CHAI

PERM

SPACK

THIP

UKEM

BSM

EASON

JCT

MCS

PICO

SPG

TKS

UNIQ

BTS

ECL

JTS

MDX

PRECHA

SPPT

TMD

UPF

CHARAN

ESTAR

JUTHA

METRO

PRG

SST

TNDT

US

Excellent
Very Good

Pass
No logo given

N/A

Source: IOD

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6
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15  2554

Thailand Equity Research




   

  
    20-21
 999/9  ! 1 
"#!
$"#! #
% 10330
& 0-2658-6300 & 0-2658-6301


125  & '!.  3 (#


-/0 !' $  #
% 10200
& 0-2225-0242 & 0-2225-0523
!
"#
622  !&'!  14
##!  

$ $
$'
#
% 10110
& 0-2664-9800 & 0-2664-9811
#+
215  1.  4
' 
!3

$!3
 #
% 10100
& 0-2622-9412 & 0-2622-9383
*)-%
 3105 ! .
3  , 

2
$-
" #
 10240
 .02-378-1144  . 02-378-1323
-)(1 2 
#  $!  5  831
-# 
+1 $
#
!( 10400
& 0-2657-0830 & 0-2657-0831


159  !! $  25
'##!  21 & 

$'()
$* #
% 10110
& 0-2665-7000 & 0-2665-7050


56 +   5 (,
3/1
! 
# '
 $-

#
% 10500
& 0-2632-8341 & 0-2632-8395

 
904   G (,
1005
  
(
- $" 
#
% 10260
& 0-2320-3600 & 0-2320-3610

  
1145 (!/ 5 1   3
  $-&
()
0!)
!#"
2
( !#"10270
& 0-2758-7003 & 0-2758-7248
$%&
 (
94 (!/.. 2 /', 2  
 $ (,
091
 G F .(&'3  $." 3 "$4 ' .3+-#
2."#!3 12130
& 0-2958-0591 & 0-2958-0590
, #)
52 3 ' . 10,11   20 !

# '
 $-
 #
% 10500
& 0-2231-2700 & 0-2231-2349


30/39-50 
  !
!

 14 
!
 $--

0!)
-# 2
( -# 11000
& 0-2550-0577 & 0-2550-0566



1693 
/',
.  ,  11 (,
905/1
(&'3  
 , $2$#2
#
% 10900
& 0-2541-1411 & 0-2541-1108
*
275 (!/. 1   !-
  8 5!

-
() $-
 #
% 10160
& 0-2804-4235 & 0-2804-4251

$+" 0 
5/5-6 /', 1 
 BF (!/. 7 ! 

' $'
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