Stocks to Watch (20 Dec 2016)

South East Asian Stocks to Watch: Jasa Marga, Krung Thai Bank, Nam Kim
2016-12-19 22:30:00.0 GMT
By Santanu Chakraborty

(Bloomberg) MSCI South East Asia Index fell 0.6% Monday, to the lowest level since Nov. 30. Yoong Onn (YOCB MK), iPeople (IPO PM) and Agimexpharm (AGP VN) trade ex-dividend.


* Jasa Marga (JSMR IJ) targets >1t rupiah from 2017 divestment plan


* Ringgit falls to weakest level since Asian financial crisis and is down 7.7% qtd in worst EM Asia performance

* Mudajaya (MDJ MK) gets 558.6m-rgt contract from MRT

* Axiata’s (AXIATA MK) edotco unit owns 87.5% stake in edotco MM

* Petronas Chemical (PCHEM), Iran to sign oil field study


* Alterra Capital (ALT PM) Chairman Navasero sells 5m shares for 2.44 pesos apiece


* DBS (DBS SP) closes a Hong Kong sales operation amid graft agency probe

* Singapore Exchange (SGX SP) says gold futures contract is shariah-compliant

* St Engineering’s (STE SP) marine arm secures $138m contracts in 4Q


* Krung Thai Bank (KTB TB) raised to buy from sell at Asia Plus


* Nam Kim Steel (NKG VN) raises foreign ownership cap to 49% from 40%

* Traphaco (TRA VN) to pay 1st 2016 dividend of 2,000 dong/share

* Development Investment (DIG VN) sees 2017 profit, rev. up 15%