FBM KLCI 1777.91 3.38 KLCI FUTURES 1781.00 6.00 STI 3320.67 5.85 RM/USD 4.2820 CPO RM2573.

D 4.2820 CPO RM2573.00 35.00 OIL US$51.73 0.69 GOLD US$1257.80 2.40
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.50

TUESDAY AUGUST 8, 2017 ISSUE 2467/2017

FINANCIAL
DAILY
www.theedgemarkets.com
MAKE
BETTER
DECISIONS Additional obligations loom
over 1MDB 3 H O M E B U S I N E S S
4 HOME BUSINESS

Mah to meet EU
delegates again
over palm oil
resolution

LOCATION
4 HOME BUSINESS

DBS undertakes

BLAMED
to vote for Hwang
Capitals capital O
M N R E
TpHroA
reduction exercise

FOR UNSOLD om
4 HOME BUSINESS
perty
ty.
BNM international

er
LOW-COST
reserves up 0.3%
p c a
portal

ge ro
to US$99.4b as at

P
HOMES
July 31

d
TheE
5 HOME BUSINESS

Country Garden
looks beyond
Industry player
players
financing and sh
rs also cite
shift
hift in. D ATA . A N A LY T I C
S

Chinese buyers for demand for poo

poorSo GS
T IrNuptake.
. L I
US$100b Forest City NCH ES
. N Ahmad
EW L A U Naqib
q Id dris has the
Idris
NEW S
6 HOME BUSINESS story on Page 3..
Foreign buying on
Bursa halved to
RM151.2m last week
MIDF
23 L I VE I T !

Superpowerful
Buffett nears US$100b cash milestone
BMW thats best Berkshire tally hits record as big buys prove elusive
enjoyed from the PA G E 2
back seat
 FBM KLCI 1777.91 3.38 KLCI FUTURES 1781.00 6.00 STI 3320.67 5.85 RM/USD 4.2820 CPO RM2573.00 35.00 OIL US$51.73 0.69 GOLD US$1257.80 2.40
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.50

TUESDAY AUGUST 8, 2017 ISSUE 2467/2017

FINANCIAL
DAILY
www.theedgemarkets.com
MAKE
BETTER
DECISIONS Additional obligations loom
over 1MDB 3 H O M E B U S I N E S S
4 HOME BUSINESS

Mah to meet EU
delegates again
over palm oil
resolution
4 HOME BUSINESS

DBS undertakes
LOCATION
to vote for Hwang
Capitals capital
reduction exercise BLAMED
4 HOME BUSINESS

BNM international
FOR UNSOLD
reserves up 0.3%
to US$99.4b as at LOW-COST
July 31
5 HOME BUSINESS
HOMES
Country Garden Industry players also cite
looks beyond financing and shift in
Chinese buyers for demand for poor uptake.
US$100b Forest City Ahmad Naqib Idris has the
6 HOME BUSINESS story on Page 3.
Foreign buying on
Bursa halved to
RM151.2m last week
MIDF
23 L I VE I T !

Superpowerful
Buffett nears US$100b cash milestone
BMW thats best Berkshire tally hits record as big buys prove elusive
enjoyed from the PA G E 2
back seat
2 T U ESDAY AU G U ST 8, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
ON EDGE T V
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it big
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BUSINESS DEVELOPMENT
Senior Manager Elizabeth Lay
MACC to summon key witnesses in FIC Kuching hotel probe
KUALA LUMPUR: Malaysian
Anti-Corruption Commission
(MACC) will be summoning key
witnesses to assist in its probe into
Felda Investment Corps (FIC)
purchase of a posh hotel in Kuch-
ing, Sarawak, according to a New
Straits Times report on its website
yesterday.
Citing MACC chief commis-
sioner, Datuk Zulkifli Ahmad, the
report said the questioning pro-
cess, which begun yesterday, will
continue till the end of the week.
We are currently completing
Buffett nears US$100b
cash milestone
Berkshire tally hits record as big buys prove elusive
BY NOAH B U HAYAR
NEW YORK: It is a milestone War-
ren Buffett probably wishes he were
not approaching.
Berkshire Hathaway Inc, the
conglomerate he has run for more
than five decades, reported last Fri-
day that it held just shy of US$100
billion (RM428 billion) in cash at
the end of the second quarter.
While that figure highlights the
staggering moneymaking ability
of the businesses he has collected
over the years, it is also a burden.
Because Berkshire doesnt pay a
dividend and rarely buys back its
own stock, Buffett is on the hook
to find ways to invest those funds.
To put that money to work
iflix raises US$133m in new funds
BY LIZ LEE
KUALA LUMPUR: Malaysias iflix has
raised US$133 million (RM569.24
million) in its latest funding round
led by US diversified media, in-
formation and services company
Hearst, bringing the total invest-
ments to date in the video-on-de-
mand service to US$303 million.
New investors in this round of
the investigation paper on FIC
the hotel purchase in Sarawak as
it only involves documents and
witnesses in the country ... We will
[provide] updates [on] who will be
called ... it starts today (yesterday)
and will continue until the end of
the week, he told the publication.
On Saturday, a former special
officer to a former Felda chair-
man had his remand extended
for another three days to assist in
MACCs investigation into FICs
purchase of the hotel in 2014.
The investigation is based on al-
would be great, said David Rolfe,
chief investment officer at Wedge-
wood Partners, a money manager
overseeing about US$6 billion, in-
cluding Berkshire stock. But the list
of companies that he would like to
own is very, very small.
Buffett, 86, addressed the mount-
ing cash pile at Berkshires annual
meeting in May, saying he hadnt
put his foot to the floor on an ac-
quisition for a while and shouldnt
keep so much money earning next
to nothing for long periods. The war
chest includes some cash-like secu-
rities, such as Treasuries.
The question is, Are we going
to be able to deploy it? he told the
thousands of shareholders gath-
ered at the CenturyLink Center in
funding included Singapore-based
EDBI and clients of DBS private
bank, iflix said in a statement. Ex-
isting shareholders Evolution Me-
dia, Sky plc, Catcha Group, Liberty
Global, Jungle Ventures and PLDT
Inc increased their investments.
Iflix, Southeast Asias equivalent
of Netflix, was launched in May
2015. The service has been rolled
out in 19 markets around Asia, the
For breaking news updates go to
www.theedgemarkets.com
legations that the hotel was bought
at an inflated price, resulting in
millions of losses for FIC.
The probe into the hotels pur-
chase reportedly began as the an-
ti-graft body was investigating
FICs purchase of a four-star hotel
in Kensington, London, between
2013 and 2015.
A number of arrests have been
made in MACCs ongoing inves-
tigations on the two hotel deals.
The anti-graft body also made a
number of visits to the FICs office
over the last two weeks.
Omaha, Nebraska. I would say that
history is on our side, but itd be
more fun if the phone would ring.
Buffett has been finding a few
places to invest. He built a holding
in Apple Inc through the beginning
of this year. Then, in June, Berkshire
made two smaller equity investments.
One was a stake in a real estate invest-
ment trust and the other propped up
Home Capital Group Inc, an embat-
tled Canadian mortgage lender.
Most significantly, Berkshires util-
ity arm struck a deal last month to
buy Texas largest electric utility for
about US$9 billion. The transaction
is being challenged by Paul Singers
Elliott Management Corp, but com-
pleting it would make a sizeable dent
in the cash hoard. Bloomberg
Middle East and Africa.
These new funds will allow us
to further execute on our local con-
tent strategy and expand our tech-
nology and development teams so
we can continue to rapidly evolve
the iflix service to meet the unique
challenges of emerging markets,
iflix co-founder and group chief
executive officer, Mark Britt, said.
Reuters
IN BRIEF
Moving towards ending
mandatory death penalty
for drug trackers
KUALA LUMPUR: The Malay-
sian government has agreed
to scrap the mandatory death
penalty for drug traffickers, a
minister said yesterday, in a
move cautiously welcomed by
rights groups. Parliament must
still approve the decision, taken
by the cabinet, to allow judges
to impose sentences other than
capital punishment on drug
smugglers, but it is expected
to do so. Datuk Seri Azalina
Othman Said, a minister in the
Prime Ministers Department,
revealed the decision to over-
haul colonial-era drug-traffick-
ing legislation from the 1950s
in response to a question in
Parliament. AFP
False reports for
lost ICs wont be taken
lightly
JOHOR BARU: Johor police have
advised the public not to make
false police reports about their
lost identity card (IC) to avoid
being fined by the National Reg-
istration Department, as this
could get them into trouble with
the law. State police chief Datuk
Seri Wan Ahmad Najmuddin
Mohd said between January and
July this year, 100 cases of false
police reports were recorded by
the Johor Bahru Selatan district
police headquarters, with 32
of the cases charged in court.
I urge the public not to take
this lightly; dont simply create
stories as we will thoroughly
investigate the police reports
lodged. Bernama
Jagat to be screened
at SAC Asean Film
Festival 2017
BANGKOK: For five days
from Aug 19, seven critically
acclaimed films from Asean
member countries, including
the award-winning Jagat from
Malaysia, will be screened dur-
ing the upcoming SAC Asean
Film Festival 2017. Tamil-lan-
guage Jagat, which won the Best
Malaysian Film award in last
years Malaysian Film Festival
(FFM), was selected along with
films from Vietnam, Myanmar,
Cambodia, Singapore, Indone-
sia and the Philippines. Jagat
was directed by Shanjhey Kumar
Perumal, who also bagged the
Best New Director award during
FFM 2016. Bernama
500 new ambulances
for govt hospitals,
clinics nationwide
SHAH ALAM: The health min-
istry is distributing 500 ambu-
lances with new specifications
to hospitals and health clinics
nationwide. Its Minister Datuk
Seri Dr S Subramaniam said the
distribution of the ambulances
began early this month and was
expected to be completed by
September next year. It involved
a total allocation of RM400 mil-
lion. The distribution, which
will also include hospitals and
clinics in Sabah and Sarawak,
will depend on their needs,
he said yesterday. Bernama
TU E SDAY AU G U S T 8 , 2 017 T HEED G E FINA NCIA L DA ILY
HOME BUSINESS 3

Location blamed for

unsold low-cost homes
Industry players also cite financing and shift in demand for poor uptake
BY A H MA D NAQ I B I DRIS
KUALA LUMPUR: Industry players
say the perceived slow demand in
low-cost housing units is mainly
due to difficulty in securing financ-
ing, unsuitable location of pro-
jects as well as a shift in demand
towards better quality projects.
In July, Real Estate and Housing
Developers Association president
Datuk Seri FD Iskandar Mohamed
Mansor said there were more than
100,000 unsold low-cost units in
Selangor, adding that an in-depth
study is needed to address this
issue.
Mah Sing Group Bhd chief ex-
ecutive officer Datuk Ho Hon Sang
said the lack of demand for low-
cost units could be due to a mis-
match in location and type of prod-
uct, adding that the government
should review its requirements for
low-cost houses.
We feel that it is timely for the
government to review the require-
ments for low-cost houses to allow
property developers to explore and
offer better developments, such as
Rumawip and Rumah Selangorku
projects which are in high demand
because they fit into the require-
ments of the rakyat, Ho told The
Edge Financial Daily.
The government had previously
required that low-cost units make
up at least 30% of development
projects, but this has since been
adjusted to include both low-cost
and affordable ranges of homes.
The policy has been fine-tuned
as they have divided the require-
ments into [those for] low-cost
and affordable units, said Rahim
& Co director Sulaiman Akhmady.
This is good, as at least the
property segment does not put
out as many low-cost units in the
market, because the demand is
actually stronger for medium-cost
units or the affordable housing
segment, he added.
However, further efforts are re-
quired in addressing the issue with
low-cost housing, said Sulaiman,
as the low-income group is facing
difficulties in securing loans for
these units, due to their inability
to meet the credit requirements.
According to Syarikat Peru-
mahan Negara Bhd (SPNB) a
government agency under the su-
pervision of the finance ministry
tasked with developing affordable
homes generally about 20% to
30% of low-income buyers who
have been shortlisted for these
low-cost units end up not being
able to secure a loan.
Sulaiman said a potential solu-
tion for this could be through
having more rent-to-own (RTO)
schemes, adding that he expects
more of such schemes to come up
in the future.
The government has already
started with the RTO schemes un-
der PR1MA (1Malaysia Peoples
Housing Programme) and this is
probably going to be the future
trend, he said.
Sulaiman also echoed the sug-
gestion by Second Finance Minis-
ter Datuk Seri Johari Abdul Ghani
of the establishment of a single
government-related entity to mon-
itor the local property market, to
better coordinate the supply of
low-cost and affordable housing.
While the issues pertaining to
the housing segment should fall
under the purview of a single en-
tity, he pointed out that land is
still a state matter.
At the end of the day, land is
a state matter and I am sure that
different states would have differ-
ent priorities.
So maybe each state govern-
ment could have its own imple-
menting agency, but coordinated
by a central body on the federal
government level, he said.
SPNB director Datuk Abd Ha-
mid Abu Bakar said the agencys
recent low-cost projects have seen
good reception from buyers, point-
ing out the oversubscription of
the 229 units under the Rumah
Idaman Rakyat project in Paka,
Terengganu.
We have consistently seen
oversubscription in our projects,
as the locations of our projects
suit the needs of the purchasers.
Our project in Paka, for example,
saw oversubscription of about 10
times, he said.
Abd Hamid said there is no
shortage in demand for SPNBs
units, especially as applications
can now be done online, adding
that the empty units under its pro-
grammes will be filled once the
respective state governments have
shortlisted new candidates.
He emphasised the importance
of location for these types of pro-
jects, pointing out that the Paka
project is located close to Petro-
liam Nasional Bhds Terengganu
Gas Terminal.
For the Klang Valley region, he
said low-cost housing projects are
better suited for the suburban ar-
eas that have convenient access
to infrastructure and amenities.
There are some projects that
are located north of the Klang Val-
ley, such as in Bukit Beruntung,
which did not sell well due to the
lack of infrastructure and ameni-
ties such as public transport and
schools, he said.

Additional obligations loom over 1MDB

BY B EN SHA NE L I M
KUALA LUMPUR: At noon today,
1Malaysia Development Bhds
(1MDB) five-business-day grace
period to pay Abu Dhabis Inter-
national Petroleum Investment Co
PJSC (IPIC) a total of US$628.75
million (RM2.69 billion) will expire.
It is a deadline that 1MDB is
likely to miss. In turn, IPIC is ex-
pected to impose punitive meas-
ures against the strategic invest-
ment fund additional interest
charges for the delay.
However, the tardy payment
alone should not scuttle the US$1.2
billion settlement agreement be-
tween the two state-owned funds;
as long as 1MDB is able to make
the payment within a reasonable
time frame.
Thus far, 1MDB has indicated
that it needs at least another month
until the end of August to arrange
for the funds to make the said pay-
ment. While it did not provide an
exact date, 1MDB said last week
that the payment would have to be
delayed till, August 2017, due to
additional regulatory approvals.
Under the settlement agree-
ment that 1MDB had with IPIC
in April, 1MDB has to repay IPIC
the owed US$1.2 billion over two
payments. The first payment of
US$602.725 million plus US$26.025
million in interest was due on July
31 at midnight, New York time. The
second payment is due on Dec 31.
1MDB claims it has enough funds
to meet these obligations as well as its
other debts, via its asset rationalisa-
tion plan. Namely, the monetisation
of its fund units held under Brazen
Sky (reportedly US$940 million) and
1MDB Global Investment Ltd (esti-
mated US$1.5 billion).
1MDBs statement last week im-
plied that the money for payment is
available, but cannot be deployed
yet due to regulatory and compli-
ance issues.
Last week, Prime Minister Datuk
Seri Najib Razak told Parliament
that the missed payment was due
to a technical matter. He also said
that the late payment is not expect-
ed to impair investor confidence in
Malaysia.
Nonetheless, the market will be
closely monitoring IPICs response
if these technical matters persist
beyond August. It will not only be
from investors with interests in Ma-
laysia, but investors who hold part of
the US$3.5 billion bonds that were
issued by 1MDB and co-guaranteed
by IPIC.
These bonds, issued by Goldman
Sachs in 2012, are at the very heart of
1MDBs troubles with IPIC.
IPIC claims that it never received
the RM3.5 billion worth of payments
from 1MDB. The money was mostly
consideration for IPICs undertaking
to co-guarantee the bond issuance.
Approximately RM1 billion of the
payment was supposed to be for
1MDB to extinguish IPICs call op-
tions on 1MDBs energy assets.
Conversely, 1MDB claims that
the payments were made to an
IPIC subsidiary Aabar Invest-
ments PJS Ltd (BVI). IPIC claims
the British Virgin Islands-regis-
tered company was never a sub-
sidiary.
On top of that, IPIC also ad-
vanced US$1.2 billion to 1MDB in
2015. The money was for 1MDB to
settle a US$975 million term loan
from Deutsche Bank as well as an
estimated US$200 million for in-
terest payments on the Goldman
Sachs-issued bonds as well.
As part of the settlement agree-
ment, the finance ministry (MoF)
has to undertake a guarantee for
all of 1MDBs future interest and
principal payments for the US$3.5
billion bonds. This is a highly at-
tractive arrangement for IPIC, ab-
solving it of the heavy obligation.
Thus, IPIC is expected to keep
the settlement agreement intact for
now, and come to the negotiating
table with 1MDB to discuss exten-
sions. This could mean extensions
that stretch beyond Aug 31, when
the country will be celebrating 60
years of independence since 1957.
Being the sole shareholder of
1MDB, MoF will have to step in to
settle the outstanding sum if the
technical matters could not be
resolved soon enough.
4 HOME BUSINESS
Mah to meet EU
delegates again over
palm oil resolution
European team agrees points in resolution not wholly accurate
BY A DEL A MEGA N W ILLY
KUALA LUMPUR: Plantation In-
dustries and Commodities Minister
Datuk Seri Mah Siew Keong said he
will be having another meeting with
European Union (EU) delegates, led
by Ambassador Maria Castillo Fer-
nandez, to iron out issues relating
to the EUs resolution on palm oil.
Mah said he met Fernandez,
who is also the head of the EU del-
egation to Malaysia, two weeks ago
and she had agreed to meet with
him and the other EU ambassa-
dors sometime next month. The EU
Commission has also officially writ-
ten to him on the matter through
Fernandez, he said.
I will be meeting them (EU
Commission and members of the
European Parliament) again. They
agreed that several points in the
resolution are not wholly accurate.
They will be having more dis-
cussions on this issue until they
finalise it as legislation, Mah told
reporters at the first Palm Biodiesel
Conference yesterday.
Malaysia is sending six law-
makers to Europe in September
to meet and gain the support of the
EU members of parliament as well
as to defend the palm oil industry.
The resolution targeting palm oil
by the European Parliament calls for
the EU to discontinue the usage of
vegetable oils in biodiesel by 2020
on the grounds that they were alleg-
edly produced in an unsustainable
manner leading to deforestation.
I dont have the exact figure
on how much our palm oil exports
would drop, but I know that 60% of
EUs palm oil imports are used for
biodiesel and renewable energy,
and this is a large sum, Mah said.
Additionally, the minister point-
ed out that the resolution also high-
lighted the need for a single certi-
fication that would warrant only
sustainably-produced palm oil to
DBS undertakes to vote for Hwang Capitals capital reduction
BY A DA M A ZI Z
KUALA LUMPUR: Hwang Capital
(M) Bhd has received undertak-
ings from two shareholders DBS
Vickers Securities Pte Ltd and DBS
Bank Ltd to support its proposed
selective capital reduction and re-
payment (SCR) exercise aimed at
taking the company private.
DBS Vickers and DBS Bank
Mah: They will be having more discussions
on this issue until they nalise it as a
legislation. Photo by Patrick Goh
enter the EU market.
[In terms of the EUs resolution
on the commodity], I totally agree
on this part (sustainable certifica-
tion) this is why we are pushing
for the MSPO (Malaysian Sustaina-
ble Palm Oil) certification, he said.
The mandatory timeline for
plantation industries already pos-
sessing the Roundtable on Sustain-
able Palm Oil certification is Dec
31, 2018, whereas those without
certification have until June 30,
2019. Smallholders, meanwhile,
are required to get their certifica-
tion done by Dec 31, 2019.
The implementation of the
MSPO scheme, which began on
Jan 1, 2015, is presently on a vol-
untary basis.
Meanwhile, Mah said the pro-
posed implementation of the B10
biodiesel mandate which is be-
ing scrutinised by the ministry, the
Malaysian Palm Oil Board (MPOB)
and various industry stakeholders
is not a matter of if, but when.
It is not about whether it will be
implemented, but it is a matter of
timing. Lets not rush. We will imple-
ment once we are ready, Mah said
in response to a question on when
together hold a 27.66% stake in
Hwang Capital, according to a fil-
ing issued to Bursa Malaysia on
behalf of the company yesterday.
The SCR proposal will be tabled
to shareholders at an upcoming
extraordinary general meeting.
Under the proposal, Hwang
Capitals largest shareholder
Hwang Enterprises Sdn Bhd and
persons acting in concert will pay
the mandate will be implemented.
Malaysias biodiesel programme
calls for raising the minimum bio
content for biodiesel in the trans-
port sector to 10%, or B10, and in
the industrial sector to 7%, or B7.
The biodiesel mandate currently
stands at a minimum bio content
of 7% for the transportation sector.
There is as yet no mandated mini-
mum for industry.
Mah said there was still appre-
hension among stakeholders, es-
pecially car manufacturers and
distributors, who have voiced their
concern over warranty-related is-
sues as the blend that uses 10%
palm oil from the current 7% could
cause severe engine damages.
For the past few years and es-
pecially this year, MPOB together
with [various industry players] have
conducted many tests and results
have come out positive, showing
that B10 biodiesel will not affect an
engines performance, Mah said.
He cited successful initiatives
such as the expedition to Cameron
Highlands at end-March 2016 in-
volving seven different diesel-pow-
ered vehicle brands and the B10
Trans Borneo Expedition in East
Malaysia in early March this year
as those carried out to address con-
cerns and promote awareness of
higher blends of palm biodiesel
usage in the transportation sector.
Reuters quoted the Malaysian
Biodiesel Association as saying
that the countrys biodiesel pro-
duction for this year was expected
to be little changed from last year,
less than forecast at the start of the
year because of delays in meeting
the biofuel mandates.
[Last year] saw half a million
tonnes of biodiesel production.
Unless we move to B10 or B7 this
year, I imagine it will be more or less
the same this year, UR Unnithan,
the associations president, told
the newswire.
entitled shareholders RM260.68
million or RM2.94 per share.
The SCR will be executed by
the cancellation of 88.67 million
shares, representing a 34.75% stake
in Hwang Capital held by the mi-
nority shareholders.
Hwang Enterprises and Hwang
Capital non-executive chairman
and controlling shareholder Alex
Hwang Lip Teik holds the other
T U ESDAY AU G U ST 8, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
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KUALA LUMPUR: Corrugated
packaging services provider Ire-
Tex Corp Bhd has appointed Sa-
harun Nizam Saharan as its new
chief executive officer (CEO), ef-
fective yesterday.
According to a statement to
Bursa Malaysia, Saharun Nizam
joined Ire-Tex in 1999 and resigned
in October 2016, before being re-
appointed as vice president (VP)
in April 2017.
Last week, Ire-Tex saw Datuk
Donald Lim Siang Chai, former
deputy finance minister who is cur-
rently the chairman of property de-
veloper Jiankun International Bhd,
emerge as a substantial shareholder
BNM international reserves up 0.3%
to US$99.4b as at July 31
KUALA LUMPUR: The internation-
al reserves of Bank Negara Malay-
sia (BNM) grew 0.3% to US$99.4
billion (RM427 billion) as at July
31 this year, from US$99.1 billion
on July 14.
The reserves position is suffi-
cient to finance 7.9 months of re-
tained imports and is 1.1 times the
short-term external debt, the central
bank said in a statement yesterday.
Foreign currency reserves
comprised the biggest portion
of reserves at US$93 billion, up
from US$92.4 billion on July 14.
Transocean shares hit limit-up
BY S A MA N T H A H O
KUALA LUMPUR: Transocean
Holdings Bhd shares hit limit up
after the stock climbed as much as
30 sen or 47.2% to 93.5 sen follow-
ing the upliftment of Bursa Ma-
laysias dynamic price threshold
mechanism on Transocean shares
between 9.24am and 9.34am yes-
terday.
Bursa Malaysia announced this
on its website yesterday about the
trading of the logistics firm: Kind-
ly be informed that dynamic price
threshold mechanism on stock
TOCEAN (7218) will be uplifted
65.25% stake in Hwang Capital.
The proposed SCR follows a
voluntary takeover bid in May
2016 by Hwang Enterprises and
Alex Hwang for the Hwang Capital
shares they did not own at RM2.65
apiece.
They received valid acceptanc-
es of 85.98 million shares or 33.7%
equity interest in Hwang Capi-
tal, which was enough to trigger
of the group with a 10.03% stake.
Ire-Tex has been in the spotlight
since April this year due to a board-
room tussle between its current
directors and the largest share-
holder, Elite Cosmo Group Ltd.
Elite Cosmo has repeatedly
called for extraordinary general
meetings to remove several of Ire-
Texs directors and appoint others
in their place.
On June 21, Ire-Texs current di-
rectors filed a lawsuit against Elite
Cosmo and 19 others, to seek for,
among others, damages for conspir-
acy to injure, breach of duty care
towards the directors, and a decla-
ration that the proposed resolution
to remove the current directors was
not in Ire-Texs best interest.
Its International Monetary
Fund reserves position remained
at US$800 million, while special
drawing rights were at US$1.1 bil-
lion. Gold also stayed at US$1.5
billion of the international re-
serves, but other reserves assets
slid to US$3 billion from US$3.3
billion on July 14.
Total assets as at July 31 stood
at RM453.85 billion, up from
RM453.82 billion on June 14, ac-
cording to BNMs data.
Currenc y in circulation
amounted to RM100.76 billion.
from 9.24am until 9.34am. During
this period, orders can be matched
within 30%/30 sen up and down of
the reference price. The reference
price is RM0.635 and the upper
and lower limit is RM0.935 and
RM0.335 respectively.
Transocean shares have been
climbing since July 19, when they
were traidng at 61 sen.
At market close, Transocean
shares pared some gains to set-
tle at 88 sen, still up 24.5 sen or
38.58%, making the counter Bursa
Malaysias second-largest gain-
er yesterday, after some 130,900
shares were traded.
a mandatory takeover offer in the
company.
The first takeover exercise
brought Hwang Capitals share
price up to RM2.64. Its last ad-
justed closing price was RM2.61
on Sept 22 last year after
which the counter was suspended
from trading as its public share-
holding spread had dropped to
under 10%.
TU E SDAY AU G U S T 8 , 2 017 T HEED G E FINA NCIA L DA ILY
Country Garden seeks more
diverse buyers for Forest City
It looks beyond the Chinese due to Beijings crackdown on capital outflows
BY MEL I SSA CHEOK
SINGAPORE: Country Garden Hold-
ings Co said its looking to attract
customers from countries such as
Thailand and Vietnam as some Chi-
nese buyers, hit by capital controls,
have pulled back from the US$100
billion (RM428 billion) Forest City
project in southern Malaysia.
Chinas escalating crackdown on
capital outflows this year has spooked
buyers seeking to invest in properties
abroad, with some reconsidering
past purchases and others holding
off on new purchases. Developers
that expanded into Malaysias Johor
state to tap rising demand from Asias
biggest economy are now trying to
attract more non-Chinese buyers.
Country Garden said it expects to
open galleries targeting customers
Malaysia
Smelting returns
to black in 2Q
BY A NETTE A PPA DUR AY
KUALA LUMPUR: Malaysia
Smelting Corp Bhds second
financial quarter ended June
30, 2017 (2QFY17) saw its return
to the black with a net profit of
RM9 million, compared to a loss
of RM10.3 million in the same
period last year, due to better
contributions from its associ-
ates and joint ventures (JVs).
The share of results of asso-
ciates and JVs recorded a net
share of profit of RM300,000
in the quarter under review,
compared to a net share of loss
of RM30.9 million in 2QFY16,
according to its Bursa Malaysia
filing yesterday.
However, quarterly revenue
fell 22.3% to RM307.9 million
from RM396.3 million a year
ago, mainly due to lower tin
metal volume sold.
Yet, cumulative six-month
net profit is up 47.7% at RM21.6
million compared with RM14.7
million last year, though rev-
enue was down 11.2% to
RM714.5 million from RM804.7
million.
Market conditions are ex-
pected to remain challeng-
ing as the currency markets
and tin prices continue to re-
main volatile, said the groups
chief executive officer Datuk
Dr Patrick Yong in a separate
statement.
We are looking forward to
completing the technological
upgrade of our smelting fur-
nace which will improve our
cost efficiencies over the long
term, he added.
in the Philippines, Indonesia, Viet-
nam, Thailand, Taiwan and Dubai
between August and October, and
plans to invest an additional RM5
billion this year in Forest City.
This year, in the first half (1H),
we did see a slowdown. I would
be lying if I said there was no im-
pact from everything but thats
really why weve diversified our
customer base, Country Garden
Pacificview Sdn Bhd chief strategy
officer Yu Runze said in an inter-
view. Currently, there is no plan
to slow down or stop the project.
Country Gardens Forest City
development, featuring thousands
of residential apartments, has seen
less than 60 buyers asking to can-
cel their bookings out of the total
16,000 units sold last year, according
to the company, which declined to
Firms remain optimistic about
2H17 business prospects RAM
BY AHM AD NAQI B I DRI S
KUALA LUMPUR: RAM Rating Ser-
vices Bhd said firms remain optimis-
tic about business prospects for the
years third-quarter to fourth-quarter
period 2017 (3Q17) to 4Q17, accord-
ing to the third successive positive
sentiment reading of its survey-based
RAM Business Confidence Index.
In a statement yesterday, the
agency said the small and medium
enterprise (SME) sentiment rose to
a reading of 54 from 52.1 registered
in the survey for 2Q to 3Q. Corpo-
rate sentiment stayed positive at
55.3, though slightly lower than the
55.8 recorded previously.
It said export-oriented business-
es registered higher index values
when compared with domestic-ori-
ented firms, amid seven consecu-
tive months of double-digit export
growth between December 2016
and June 2017.
PIE Industrial 2Q net prot up 74.5% on higher revenue
BY W ONG EE LI N
KUALA LUMPUR: PIE Industrial Bhd
posted a 74.5% rise in net profit for
the second quarter ended June 30,
2017 (2QFY17) to RM10.7 million
from RM6.13 million a year ago, due
to higher revenue, lower operating
expenses and reversal of slow mov-
ing inventory.
Revenue grew 29.6% year-on-year
(y-o-y) to RM176.07 million from
RM135.89 million, mainly thanks to
higher demand from existing cus-
tomers for electronics manufacturing
provide sales numbers for this year.
Built on four artificial islands in Jo-
hor, near the causeway that connects
Singapore to Malaysia, the project
upon completion will house approx-
imately 700,000 people.
The company currently has 15
sales galleries across Malaysia and
will add five more by end-August
to promote residential apartment
unit sales. Country Garden expects
to see diversification in its buyer
base pickup from 1H next year,
said Yu from Pacificview, a Country
Garden unit in Malaysia.
The developer has also opened
the first of six planned pre-fabri-
cation facilities to manufacture
ready-to-assemble concrete struc-
tures such as staircases, beams and
columns. According to the firm,
the first facility, the largest in the
Within the corporate segment,
the agriculture and mining sec-
tor recorded the highest and most
improved index reading of 57.6,
largely driven by positive hiring
and business expansion intentions,
consistent with the recovery trend
in the oil palm sector.
On the other hand, the trans-
portation and storage sector was
the least bullish at 53, in view of a
sluggish order book in some key sec-
tors, notably O&G (oil and gas) and
related support services, said RAM.
For SMEs, the business services
sector was the most positive with a
reading of 56.4 while the retail sec-
tor scored the lowest at 51.6, due to
a weak outlook on retail spending.
RAM said businesses indicated
a higher likelihood of undertak-
ing business expansion, increasing
hiring and greater capacity utili-
sation, in tandem with improved
momentum in economic growth of
activities, raw wire and cable prod-
ucts as well as trading activities, it
said in a filing with Bursa Malaysia
yesterday.
For the cumulative six months
(1HFY17), net profit jumped 170.6%
y-o-y to RM22.29 million from
RM8.24 million, as revenue grew
32.2% to RM337.94 million from
RM255.61 million.
Going forward, with increasing
orders from existing customers
and on-going new projects with
potential customers, PIE Industri-
al said the group foresees steady
HOME BUSINESS 5
world by volume, will be able to
produce materials for up to one
million square metres of built-up
area. In three to five years, these
facilities will cater to other external
projects beyond Forest City, Yu said.
Forest City was first marketed
in China with thousands of buyers
paying deposits for apartments that
cost double the rate per square me-
tre paid by Malaysian homebuyers.
However, since the Chinese gov-
ernment tightened capital controls,
some buyers have stopped making
installment payments in fear of be-
ing held liable under Chinas foreign
exchange rules. The company has
since ceased marketing Forest City
at its sales offices in China and no
longer organises tours to the Johor
project for potential Chinese buy-
ers. Bloomberg
4.5% and 5.6% for 4Q16 and 1Q17
respectively.
However, the agency said pres-
sures on profitability remain a con-
cern for all the firms that took part
in the survey, noting issues such as
rising production costs and slug-
gish demand.
That said, we highlight the pre-
vious negative profitability senti-
ment among SMEs has rebounded
for this period, as firms generally
expect to chart a higher turnover
in 2H17 (the second half of 2017).
Going forward, corporates ex-
pect a build-up in inventory, which
will compel firms to price their
products competitively, and a high-
er production cost to exert pressure
on margins.
RAM said the retail sector was
the most cautious about its pros-
pects for 2H17, amid prudent con-
sumer spending on discretionary
items.
revenue growth for the rest of
this year.
However, it said a drastic fluctu-
ation of the ringgit against the US
dollar, and shortages of labour as well
as electronic components will con-
tinue to be the main factors affecting
the groups revenue and earnings.
The group will continue to
strengthen its vertical integration
of manufacturing capability and
maintain sufficient manufacturing
capacity to cater to outsourcing or-
ders from new and existing custom-
ers, it added.
THE EDGE FILE PHOTO
E&O
shareholders
approve STP2
land sale
BY N E ILY SYA F IQA H E US O F F
KUALA LUMPUR: Eastern & Ori-
ental Bhd (E&O) shareholders
have approved the disposal of a
1.445 million-sq ft plot in the Seri
Tanjung Pinang phase 2 (STP2)
project for RM766 million. The
land sold by its subsidiary
Tanjung Pinang Development
Sdn Bhd (TPD) to Kumpulan
Wang Persaraaan (Diperbadan-
kan) (KWAP) covers 20% of
the net development land in
phase 2A (STP2A) of the recla-
mation project on the northeast
coast of Penang island where
TPD has been granted the con-
cession rights to develop and do
reclamation works. STP2A, the
760-acre (307.56ha) projects
first phase, has a total gross area
of about 250 acres.
E&O managing director Kok
Tuck Cheong (pic) said the go-
ahead from shareholders in an
extraordinary general meeting
yesterday is a milestone towards
realising the groups partnership
with KWAP to develop STP2A. A
special-purpose vehicle, Persada
Mentari Sdn Bhd (PMSB), has
been formed for this reason and
will be owned by TPD and KWAP
on an 80% and 20% basis respec-
tively, he said in a statement.
Kok said the shareholders
approval reinforces the manage-
ments direction and belief that
STP2A will be a major earnings
driver for E&O over the next dec-
ade. The sale of the land will en-
able the group to unlock the val-
ue of our investment in STP2A,
realise [the] capital appreciation
of the land and partially monetise
our investment in STP2A. [More]
importantly, it allows the group
to further reinvest in the devel-
opment of STP2A.
The proceeds from the land
disposal will be used to meet the
funding requirements for STP2A
reclamation and infrastructure
works. E&O said reclamation
works for STP2A continue to gain
momentum since commencing
in early 2016, with completion
due within the second half of
2018, barring any unforeseen
circumstances. We are targeting
a first launch of STP2A in 2019,
marking a significant new chap-
ter in the E&O groups vision of
creating an exemplar integrated
development one that takes
pride in what has been achieved
in Seri Tanjung Pinang phase 1
that serves as a ready bench-
mark for innovation and stand-
ards to be elevated in [phase 2],
said Kok.
6 HOME BUSINESS T U ESDAY AU G U ST 8, 2 0 17 TH EEDGE F I N AN C I AL DAI LY

Foreign buying on NEWS IN BRIEF

Cabotage policy exemption

means cheaper goods
Bursa halved to KUALA LUMPUR: The cabotage
policy exemption for cargo ship-
ping activities from ports in the
He was responding to a sup-
plementary question from Datuk
Rozman Isli (BN-Labuan).

RM151.2m last week

YTD inflow tally is nearing RM11b mark MIDF
KUALA LUMPUR: Foreign inves-
tors continued to buy Malaysian
equities last week, despite the sell-
off seen in some regional peers,
notably South Korea and Thailand,
according to MIDF Amanah In-
vestment Bank Bhd.
In a note yesterday, its research
team said foreign investors ac-
quired RM151.2 million net in the
open market excluding off-mar-
ket deals which was half the
peninsula to Sabah, Sarawak Ab Aziz said a working com-
and Labuan Federal Territory is mittee comprising federal gov-
expected to lower the prices of ernment and Sabah and Sarawak
goods in East Malaysia. state government representatives
Transport Deputy Minister was set up to assess the effec-
Datuk Ab Aziz Kaprawi said the tiveness of the cabotage policy
exemption, effective June 1, was exemption, with the findings to
requested by leaders of the two be used in determining the di-
states. rection of the policy.
We are confident that the The government has also al-
Pan-Borneo Highway once com- located RM1.2 billion to upgrade
pleted will also reduce the cost the port in Sepanggar, Sabah to
Weekly net ow of foreign funds into formed the FBM KLCI with a 1.09% of goods in Sabah and Sarawak, accommodate an expected in-
Malaysian equities since January 2016 gain in the week. alongside the cabotage policy ex- crease in cargo, he said.
(RM mil)
Globally, the majority of equity emption and development in Sa- The cabotage policy exemp-
2,000 markets remained rangebound for bah and Sarawak, he said during tion was announced by Prime
1,500 the third week running. the question and answer session Minister Datuk Seri Najib Razak
1,000 The bolstered optimism from at the Dewan Rakyat yesterday. in May. Bernama
500 Apples impressive earnings
0
pushed the Dow [Jones Indus-
trial Average] to extend gains for THE EDGE FILE PHOTO
-500
nine days straight. Despite some
-1,000
profit-taking activity after the ral-
-1,500 ly in technology stocks, the Dow
Jan 1, 2016
Jan 22
Feb 12
March 4
March 25
April 15
May 6
May 27
June 17
July 8
July 29
Aug 19
Sept 9
Sept 30
Oct 21
Nov 11
Dec 2
Dec 23
Jan 13, 2017
Feb 3
Feb 24
March 17
April 7
April 28
May 19
June 9
June 30
July 21

amount recorded in the prior week.
There was a bit of unease as
international investors were sell-
ing at the start of the week. None-
theless, the outflow was reversed
by purchases from Tuesday (last
Tuesday) to Thursday (last Thurs-
day), said MIDF.
Foreign buying peaked last
Wednesday, it noted, following
optimism on Wall Street, boosted
by Apples impressive third-quar-
ter earnings.
For the month of July, cumula-
tive foreign net purchases amount-
ed to RM420.9 million net, the
second-lowest monthly inflow
for the year. With seven consecu-
tive months of foreign buying, the
cumulative year-to-date (YTD)
inflow is nearing the RM11 bil-
lion mark at RM10.8 billion net,
said MIDF.
The YTD tally so far has also
offset approximately one-third of
the cumulative outflow from 2014
to 2016, it said.
Participation-wise, foreign was
Source: Bursa Malaysia preliminary statistics
vibrant, it said, with the average
daily trade value (ADTV) rising
11% from RM819 million in the
prior week to RM895 million, but
still hovering under the RM1 billion
level for the fifth week running.
Retail participation was pretty
active. Retail ADTV increased by a
substantial 37% from just RM648
million to above RM800 million for
the first time in six weeks, it said.
CIMB stocks were the bene-
ficiary of the highest net money
inflow of RM9.27 million, it said,
though its share price underper-
formed the benchmark index with
a 0.3% loss for the week, indicating
a buy-on-weakness stance among
some investors.
In contrast, British American
Tobacco (M) Bhd saw the largest
net money outflow of RM14.56
million, while its shares outper-
and S&P 500 still gained 1.2% and
0.19% on a weekly basis respec-
tively, it noted.
In Asia, global funds continued
to retreat from equities here last
week, it said. Based on provision-
al aggregate data from the seven
Asian exchanges that we track,
investors classified as foreign
offloaded US$1.41 billion (RM6.03
billion), the highest attrition so far
this year, it said. Padini registers Cambodian
South Korea was hit the hardest,
with foreigners offloading US$733.1 unit for trading
million net, the second-largest at-
trition for the year, it noted. BY W O N G E E L IN 30, 2018, said Padini in a bourse
In emerging Southeast Asian filing yesterday.
markets, it said, the selling was not KUALA LUMPUR: Padini Hold- None of the directors, ma-
across the board, as investors tar- ings Bhd has completed the reg- jor shareholders of the compa-
geted selected markets. Foreign istration of wholly-owned Padini ny and/or persons connected to
investors in Thailand remained (Cambodia) Co Ltd in Cambodia them have any interest, either di-
net sellers for the third week. The for 20 million riels (RM20,709). rect or indirect, in the registration
quantum of attrition gradually in- Padini said Padini Cambodia, a of Padini Cambodia, said Padini.
creased week by week as foreign private limited company incorpo- Padini shares have been on an
funds continued to invest large- rated in Cambodia on July 14, in- upward trajectory since February
ly in short-term debt securities tends to be involved in the trading this year, when they were trading
as they bet on the bahts further of apparel, shoes and accessories. at around RM2.38 on Feb 2.
appreciation, it added. The registration of Padini The stock settled 18 sen or
Cambodia is not expected to have 4.74% higher at RM3.98, giving it
any material impact on the com- a market capitalisation of RM2.58
panys earnings and net assets for billion. Year to date, it has grown

Malaysias trade to grow the financial year ending June about 57%.

10% to 20% this year JAG on traders radar as copper

KUALA LUMPUR: Malaysias trade
is likely to grow at a strong dou-
ble-digit growth of between 10%
and 20% in 2017.
Malaysia External Trade Devel-
opment Corp (Matrade) chief ex-
ecutive officer Dr Mohd Shahreen
Zainooreen Madros said the growth
would mainly be driven by sus-
tained demand in electrical and
electronics, palm oil and petrole-
um sectors.
Overall, what we have seen is
that the numbers for the first six
months have been very good. All
reports indicate that the next six
months will also see follow-through
momentum, he told reporters at
the Brand Entrepreneurs Confer-
ence 2017 (BEC) for small and me-
dium entrepreneurs here yesterday.
Also present was Branding As-
sociation of Malaysia president
Datuk Eric Chong.
The current outlook for the glob-
al economy is positive as major
international economic bodies
have projected positive recovery
in global trade.
Recently, the International Mon-
etary Fund has maintained its glob-
al growth forecast at 3.5% as it is
optimistic about current global
developments in particular global
trade activities.
Meanwhile, Malaysias total
trade rose by 22% to RM859.17 bil-
lion in the first half of 2017 (1H17)
from RM704 billion recorded in
1H16.
Hopefully, next year we will
continue with the trend, which to
some extend is subject to the global
economic trend. What you can do
is to be more aggressive in making
sure that the country can ride the
stride.
What we are trying to do really
is looking beyond our economic
area and expand the pie as much
as we could, Mohd Shahreen said.
Themed Sailing in Unchar-
tered Waters Opportunities
and Threats in This Ever Changing
World, the one-day conference was
launched by International Trade
and Industry Minister Datuk Seri
Mustapa Mohamed.
The BEC was co-organised by
Matrade and the Branding Asso-
ciation of Malaysia, supported by
the international trade and industry
ministry. Bernama
prices strengthen
BY B IL LY TO H
KUALA LUMPUR: JAG Bhd rose as
much as one sen or 6.9% to become
Bursa Malaysias 5th most-active
stock as China copper prices
strengthened near a four-year high.
JAG extracts copper from elec-
tronic components which it recy-
cles. The company subsequently
sells the metal on the open market.
On Bursa Malaysia, JAG shares
rose to an intraday high of 15.5 sen,
before settling at 15 sen at market
close, still up half sen or 3.45%. It
saw 36.47 million shares traded.
Hong Leong Investment Bank
Bhd head of retail research Loui
Low told theedgemarkets.com that
based on technical indicators,
the support level for JAG shares
was at 13 sen to 14 sen while re-
sistance was seen at between 16
sen and 18 sen.
JAG shares rose with copper
prices on the Shanghai Futures
Exchange. Reuters reported that
Shanghai copper came within a
whisker of its highest in four years
yesterday after a rally in steel un-
leashed short-covering across met-
als, before prices quickly retraced
in line with a stronger US dollar.
Shanghai Futures Exchange
copper surged more than 1% to
top out at 51,060 yuan (about
RM32,555) a tonne, just shy of Feb-
ruarys 51,200-yuan high, a breach
of which would take prices back to
levels last seen in April 2013.
TU E SDAY AU G U S T 8 , 2 017 T HEED G E FINA NCIA L DA ILY
PALETTE MULTIMEDIA BHD (+ve)
SHARES in Palette Multimedia Bhd (funda-
mental: 0.95/3, valuation: 0.00/3) settled half
sen or 6.67% higher at eight sen yesterday,
for a market capitalisation of RM27.2 million.
There were some 30.7 million shares trad-
ed, compared with its 200-day average vol-
ume of 1.7 million shares.
The broadband solutions provider yes-
terday announced it had bagged a contract
PALETTE MULTIMEDIA BHD
PLB ENGINEERING BHD (-ve)
SHARES in PLB Engineering Bhd (funda-
mental: 0.15/3, valuation: 1.4/3), which trig-
gered our momentum algorithm yesterday,
closed 25 sen or 12.76% higher at RM2.21.
Some 540,700 shares changed hands,
compared with its 200-day average volume
of 11,517 shares.
The construction and property companys
net profit rose 64.4% in its second quarter
ended Feb 28, 2017 to RM3.05 million from
RM1.86 million a year earlier, due to recog-
nition of a tax credit totalling RM929,000.
Revenue declined 4.9% to RM47.33 million
from RM49.79 million.
For the cumulative six months of finan-
PLB ENGINEERING BHD
REXIT BHD (-ve)
SHARES in Rexit Bhd (fundamental: 1.95/3,
valuation: 1.1/3) closed 1.5 sen or 1.61% higher
at 94.5 sen yesterday, giving it a market capi-
talisation of RM173.3 million.
Some 5.22 million shares were traded,
compared with its 200-day average volume
of 523,264 shares.
Its net profit for its third quarter ended
March 31, 2017 grew by 4.7% to RM1.8 mil-
lion from RM1.7 million in the same period
REXIT BHD
ST O C KS W I T H M O M E N T U M 7
Stocks with momentum were picked up using a proprietary algorithm by Asia Analytica Data Sdn Bhd and rst appeared at www.theedgemarkets.com.
Please exercise your own judgement or seek professional advice for your specic investment needs. We are not responsible for your investment decisions.
www.theedgemarkets.com
Our shareholders, directors and employees may have positions in any of the stocks mentioned.
HOME BUSINESS
from Trade House Atlantis Ltd to provide a
hardware platform for US$450,000 (RM1.92
million).
It said the hardware platform is to be de-
livered by Jan 15, 2018 and expects the con-
ECERDC inks RM9.9b
tract to contribute positively to its net assets
and earnings per share for the financial year
ending May 31, 2018. The stock is trading at
worth of deals with
2.13 times its book value.
Valuation score* 0.00
14 investors
Fundamental score** 0.95
TTM P/E (x) - KUALA LUMPUR: The East Coast Economic Six local companies were also involved in
TTM PEG (x) - Region Development Council (ECERDC), yesterdays exchange of documents. They
P/NAV (x) 2.13 which oversees the development of the East are among the 165 projects which have
Coast Economic Region (ECER), has signed been facilitated through the benefits re-
TTM Dividend yield (%) -
deals with 14 foreign and domestic inves- ceived from ECERDCs incentives or TER-
Market capitalisation (mil) 23.96 tors involving investments worth RM9.9 AJU@ECERs Facilitation Fund, or both, he
Shares outstanding (ex-treasury) mil 319.53 billion, according to Bernama. said, adding that these investments worth
Beta 0.70 ECERDC chief executive officer Datuk RM15.6 billion constituted 15% of the total
12-month price range 0.05-0.09 Seri Jebasingam Issace John said the in- approved investments in ECER.
*Valuation score - Composite measure of historical return & valuation vestments are in key sectors such as man- More than 18,000 new employment op-
**Fundamental score - Composite measure of balance sheet strength ufacturing, tourism, bio-economy and portunities are expected to be created from
& protability real estate. the total bumiputera investments, he said.
Note: A score of 3.0 is the best to have and 0.0 is the worst to have This brings the total committed private Domestic direct investment formed the
investments since 2008 to RM109.15 billion, core of investment in the region, account-
he said in a statement after exchanging doc- ing for 52% of total investments in ECER,
uments with the investors here yesterday. with a large portion comprising small and
Jebasingam said with the new invest- medium enterprises.
cial year 2017 (1HFY17), PLB Engineerings ments, the economic corridor is nearing Going forward, Jebasingam said ECER
net profit fell 20.4% to RM2.55 million from its target of attracting RM110 billion invest- would continue to strengthen its integra-
RM3.21 million in 1HFY16, on losses gen- ments by 2020. tion and connectivity with the Asia-Pacif-
erated from the waste segregation project. Of the new deals, Reuters reported that ic region through the implementation of
Revenue grew 18.5% to RM99.15 million the biggest is a RM5.1 billion petroleum high-impact public infrastructure projects
from RM83.65 million, mainly contributed refinery complex that Hong Kongs Ne- like the Kuantan Port expansion, East Coast
by ongoing construction and property de- wOcean Energy Holdings Ltd is planning Expressway (Phase 3) and the East Coast
velopment projects. with Kuantan Port Consortium Sdn Bhd Rail Line (ECRL). These strategic projects
Going forward, the group said it will con- and ECERDC. This [refinery] will further are expected to spur greater investments in
tinue to focus on its major business segments, strengthen the throughputs that will go the region once fully completed, and result
namely the construction and property de- through Kuantan Port, which has easy access in increased GDP growth, as well as greater
velopment divisions. to China, South Korea, Japan, Australia and job and entrepreneurial opportunities for
The stock has a trailing 12-month Asean, Jebasingam was quoted as saying. the locals, he said.
price-earnings ratio of 57.59 times and is Kuantan Port Consortium is jointly The Kuantan Port expansion, which
trading at 1.26 times its book value. owned by IJM Corp Bhd and Hong Kongs is expected to be ready next year, would
Beibu Gulf Holding (Hong Kong) Co Ltd strengthen the ports position as the Gate-
Valuation score* 1.40 on a 60:40 equity holdings basis, the news way to Asia-Pacific and contribute to the
Fundamental score** 0.15 agency said. The Malaysian goverment has growth of the port and maritime indus-
TTM P/E (x) 57.59 a special rights share in the consortium. tries, he said.
TTM PEG (x) 1.64 Meanwhile, Bernama quoted Je- More significantly, the 600km ECRL,
P/NAV (x) 1.26 basingam as saying that the new invest- which will form the backbone of infrastruc-
ments are expected to create additional ture for transportation, would further ensure
TTM Dividend yield (%) 0.51
entrepreneurial opportunities and over balanced and integrated socio-economic
Market capitalisation (mil) 161.03 4,000 jobs for the people in ECER, he said. transformation even [of] the smaller towns
Shares outstanding (ex-treasury) mil 82.16 ECERs transformation, the news wire across the region. This game changer will
Beta 0.54 wrote, had impacted the livelihoods of the connect two major ports in Peninsular Ma-
12-month price range 1.15-1.96 residents positively, with the creation of over laysia Port Klang and Kuantan Port
*Valuation score - Composite measure of historical return & valuation 140,000 jobs and 26,000 entrepreneurial and the improved connectivity is expected
**Fundamental score - Composite measure of balance sheet strength opportunities across urban and rural areas to contribute an additional 1% to 1.5% of
& protability of the region. GDP to ECER, he said.
Note: A score of 3.0 is the best to have and 0.0 is the worst to have Importantly, ECERs investment growth As the region gears towards a new era
over the last 10 years has contributed signif- of development, the ECERDC would be
icantly to the overall gross domestic product reviewing current incentives and policies
(GDP) of the region, which has increased by to attract greater private investments and
RM9.7 billion, equivalent to 1.8% of the 3.9% deliver continuing transformation for the
GDP growth since 2007, said Jebasingam. well-being of the people, he added.
last year, as it recorded higher other income.
Quarterly revenue, however, fell 2.7% lower
to RM5.1 million, from RM5.3 million a year
ago. Its cumulative nine-month net profit was
up 4.8% to RM5.3 million from RM5.1 million Cagamas issues RM410m bonds
a year ago, while revenue improved 6.4% to
RM14.9 million from RM14 million last year. BY TAN XU E Y I NG officer Datuk Chung Chee Leong said in
The stock has a trailing 12-month price-earn- the statement.
ings ratio of 23.40 times and is trading at 5.22 KUALA LUMPUR: Cagamas Bhd is issuing He also said foreign investors contin-
times its book value. RM410 million worth of conventional and ued participation in the issuances signify
Islamic bonds to raise funds, which will their confidence and acceptance of the
Valuation score* 1.10 be used to fund its purchase of mortgage local ringgit-denominated issuances, and
Fundamental score** 1.95 loans and Islamic house financing from of Cagamas papers in particular.
TTM P/E (x) 23.40 the financial system. We are also pleased that the companys
TTM PEG (x) 57.06 In a press release yesterday, Cagamas proactive engagements with foreign inves-
P/NAV (x) 5.22 said its one-year RM410 million scheme tors and continuous initiatives to promote
comprises RM180 million worth of con- secondary market trading of Cagamas pa-
TTM Dividend yield (%) 3.23
ventional medium term notes (MTN) and pers have been successful, Chung added.
Market capitalisation (mil) 166.16 RM230 million Islamic MTN. According to Cagamas, renewed interest
Shares outstanding (ex-treasury) mil 178.66 Overwhelming response received from among foreign fixed income investors was
Beta 1.43 investors for the issuance has enabled the due to Bank Negara Malaysias measures
12-month price range 0.49-0.94 company to obtain a very competitive to improve liquidity and trading activity in
*Valuation score - Composite measure of historical return & valuation pricing with subscriptions received from both the foreign exchange and bond mar-
**Fundamental score - Composite measure of balance sheet strength various market segments including for- kets as well as to strengthen the financial
& protability eign investors, Cagamas chief executive markets infrastructure.
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
8 P R O P E RT Y
HK housing burden
grows even heavier
Mortgage payment-to-income ratio rose to 54.2% in June data
BY SHAWN A K WAN
HONG KONG: Living in the
worlds most expensive property
market means having to set aside
more than half your income as
mortgage payments. Hong Kongs
mortgage payment-to-income
ratio rose to 54.2% in June, the
highest since 1998, figures from
Centaline Property Agency show.
The low affordability is the re-
sult of a steep rise in home pric-
es, which have kept soaring de-
spite efforts by the citys leaders
to impose restrictions to cool the
market.
A gauge of existing home pric-
es, Centaline Propertys Cen-
ta-City Leading Index, broke pre-
vious records last Friday to reach
160.3. The index has climbed 11%
this year and has surged more
than 50% in the past five years.
Debt-to-income ratios have
surged in Hong Kong despite the
fact that borrowing costs are far
London home rents fall again after decade of growth halted
BY D ONA L GRI FFIN
LONDON: The cost of renting a
home in London fell for the fourth
month in a row, continuing the
first period of decline since 2009
as Britains exit from the Europe-
an Union rattles the UK capitals
real estate market.
The average monthly rent paid
for new lettings in greater London
in July was 1,564 (RM8,746.83),
a 0.6% decline from a year earli-
er, according to a statement from
lower now than they were two
decades ago, with average mort- lows on its path of increasing in-
gage rates that are less than half terest rates and Hong Kong follows
the level of 1998.
HomeLet, the UKs largest ref-
erence-checking and rental-in-
surance company. Rents across
the UK gained 1.1% overall, led
by increases in Northern Ireland
and Scotland.
Londons housing market is
weakening as uncertainty sur-
rounding Brexit adds to afforda-
bility issues and new taxes, and
the capital is now acting as a
brake on the overall UK mar- rising at the slowest annual pace
ket, HomeLet said. Landlords
rushed to buy homes before the
As the US Federal Reserve fol-
suit, Hong Kong Monetary Author-
introduction of a new stamp duty
sales tax in April last year, boost-
ing supply and leading to greater
competition for tenants.
While the pace of decline in
London has slowed, the capitals
rental market still looks trans-
formed compared with this time
last year, when rents were rising
at a rate of 6.6%, HomeLet said.
Home prices in the capital are
in five years, data from research-
er Acadata show. Bloomberg
T U ESDAY AU G U ST 8, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
ity chief executive officer Norman
Chan has urged potential home-
buyers to consider the impact on
mortgage payments. Bloomberg
REUTERS
in Asia. The firm, which pro-
vides workspace for users as
closed amount, and that it will
IN BRIEF
Warburg Pincus-backed
ESR in talks to buy
Sabana REIT
SINGAPORE: Warburg Pin-
cus-backed e-Shang Redwood
(ESR) is in advanced talks to
buy struggling Sabana Shari-
ah Compliant Industrial REIT,
sources familiar with the pro-
cess said, in a likely first con-
solidation step in Singapores
US$3.5 billion (RM15 billion)
mid-cap industrial trust sec-
tor. ESR, an Asian logistics
developer, has been conduct-
ing due diligence on Sabana
REIT and is set to complete
its talks in a few months, said
the sources. They, however,
said ESR has not yet agreed on
terms of the deal. Reuters
UK house price growth
weakest in more than
four years
LONDON: British house pric-
es rose at their slowest pace
in more than four years in the
three months to July as house-
holds felt the pinch of infla-
tion which was rising faster
than wages, mortgage lender
Halifax said yesterday. Average
house prices in the period were
2.1% higher than a year earlier,
slowing from a 2.6% increase in
Junes figures and down from a
growth of more than 8% in July
last year, Halifax said. Econ-
omists in a Reuters poll had
expected a 2% rise. Reuters
WeWork to invest
US$500m to expand in
SEA, South Korea
HONG KONG: New York-based
start-up WeWork yesterday
said it will invest US$500 mil-
lion (RM2.14 billion) in South-
east Asia and South Korea in
its latest effort to tap growing
demand for shared office space
varied as freelancers, entre-
preneurs and corporations,
said it will buy Singaporean
peer Spacemob for an undis-
retain Spacemobs manage-
ment team. Reuters
TU E SDAY AU G U S T 8 , 2 017 T HEED G E FINA NCIA L DA ILY
Engtex sees growth
from nationwide
piping projects
Engtex Group Bhd
(Aug 7, RM1.26)
Initiate coverage with a buy call
and a target price (TP) of RM1.60:
Engtex Group Bhd is the largest
distributor of non-oil and gas
pipes, valves and fittings (PVF),
plumbing materials, building and
construction materials, general
hardware products and steel-re-
lated products. With over 30 years
of experience, Engtex has a wide
distribution network around the
country.
During the same period, Engtex
also established itself as a domi-
nant pipe manufacturer catering
to the water and sewerage sectors.
Engtex also ventured into produc-
tion of wire mesh to cater for the
construction and infrastructure
sectors and is currently among the
top three wire mesh manufactur-
ers in Malaysia.
Being a leading integrated pipe-
line systems provider and sup-
plier, Engtex is a beneficiary of
nationwide piping projects from
both the public and private sectors.
Earnings growth would come from
water and sewerage projects on
the back of the ongoing expendi-
ture on infrastructure undertaken
by the federal government under
the 11th Malaysia Plan and state
governments.
Under the Langat 2 water treat-
Malakoff s new agreement expected to improve earnings
Malakoff Corp Bhd
(Aug 7, RM1.04)
Maintain neutral call and a tar-
get price (TP) of RM1.29: Malak-
off Corp Bhd announced that its
90%-owned unit, Tanjung Bin Pow-
er Sdn Bhd, had entered into an
agreement with IHI Corp Japan,
ISHI Power Sdn Bhd, IHI Power
Systems (M) Sdn Bhd (IPSM), Su-
mitomo Corp, Zelan Holdings (M)
Sdn Bhd and Sumi-Power Malay-
sia Sdn Bhd to resolve and settle
the disputes related to the previ-
ous operational issues at the Tan-
jung Bin Power Plant, according
to the terms and condition of the
agreement.
Although it did not disclose
the terms and conditions, and
the amount to be settled, we are
positive on this new development
as it should help to improve its fi-
nancial year 2017 forecast (FY17F)
earnings. However, we maintain
our neutral call and discount-
ed cash flow-based TP of RM1.29.
While the potential upside to our
TP is still attractive, we believe
near-term sentiments may remain
weak due to lower-than-expected
B R O K E R S C A L L 9
Land purchases to ensure strong
margins for Matrix Concepts
Matrix Concepts Holdings Bhd The purchase price of RM57 mil-
(Aug 7, RM2.73) lion implies a payment of RM9.90
Maintain buy rating and a target per sq ft which is a bargain valuation
price (TP) of RM3: Matrix Concepts in our view, taking into considera-
Holdings Bhd announced the pro- tion the daunting task of negotiat-
posed acquisition of 21 parcels of ing with the respective small-parcel
132 acres (53.4ha) of agricultural owners. This acquisition also makes
land in Port Dickson for RM57 mil- up 8% of the estimated potential
lion from individual landowners. GDV, which should ensure strong
We understand that the land par- margins for Matrix Concepts for its
cels are located next to its existing affordable housing products.
Bandar Sri Sendayan township. We maintain our buy rating
Matrix Concepts currently has and TP of RM3, based on a 30%
an estimated 1,750 acres (708.2ha) discount to our fully diluted revised
Engtexs order book of earnings from the property di- of land bank worth RM9 billion in net asset value of RM4.27. Matrix
vision are expected to be flat un- gross development value (GDV), Concepts is currently trading at a
currently stands at til the launches of new property mainly concentrated within its vast bargain 7.5 times financial year
RM175 million to be projects. On the hospitality side, Bandar Sri Sendayan township. 2018 forecast (FY18F) price-earn-
delivered in three to start-up costs of a third new ho- The proposed acquisition is ex- ings ratio despite strong earnings
tel would weigh on the divisions pected to contribute an addition- visibility and a decent dividend
four months. earnings. However, we are not al RM700 million to GDV, further yield of about 5% for this town-
overly concerned as property and extending the vibrancy of Bandar ship developer. AllianceDBS Re-
hospitality contribute only 3.7% Sri Sendayan. search, Aug 7
of first quarter of financial year
ment plant project, Engtex has 2017 (1QFY17) revenue. The lion Matrix Concepts Holdings Bhd
secured RM127 million worth of share of the groups earnings is
piping contracts from Phases 1 and contributed by the manufacturing FYE MARCH (RM MIL) 2017A 2018F 2019F 2020F
2 and is looking to bid for more and wholesale and distribution Revenue 780 1,035 1,070 1,032
jobs from Phases 3 and 4. arms that mainly cater for sec- Ebitda 277 316 324 310
The Selangor government an- tors such as water and sewerage, Pre-tax profit 261 293 301 285
nounced its plan to build two water infrastructure and construction.
Net profit 188 211 217 205
treatment plants with a combined Overall, we expect FY17 and FY18
cost of RM800 million to be com- net profit to grow 5.3% and 18.7% on Net profit (pre ex) 188 211 217 205
pleted by the end of the year and the back of revenue growth of 2.2% Net profit growth (pre ex) (%) (28.1) 12.5 2.5 (5.1)
2019 respectively. and 7.9% respectively. EPS (sen) 32.8 36.3 37.3 35.3
Apart from the new piping pro- Engtex has 133 million warrants EPS pre ex (sen) 32.8 36.3 37.3 35.3
jects, there is also the potential which will expire in October. Con- EPS growth pre ex (%) (29) 11 3 (5)
for pipe replacement in line with version of the warrants could raise Diluted EPS (sen) 32.8 36.3 37.3 35.3
the governments target to reduce RM110 million to reduce borrow-
non-revenue water to 25% by 2020 ings, expand production and fund Net DPS (sen) 13.7 14.2 14.5 13.8
by replacing burst pipes. upcoming property development. BV per share ( sen) 179 199 222 243
Engtexs order book currently We are initiating coverage of PER (x) 8.3 7.5 7.4 7.8
stands at RM175 million to be de- Engtex with a buy call and a TP PER pre ex (x) 8.3 7.5 7.4 7.8
livered in three to four months. The of RM1.60 based on FY18 forecast P/CF (x) 26.5 20.1 7.9 6.3
company is bidding for another earnings per share with a forward EV/Ebitda (x) 6.2 5.8 5.5 5.5
RM340 million worth of jobs from price-earnings ratio of 10.2 times, Net dividend yield (%) 5.0 5.2 5.3 5.0
all around the country as well as based on the industry peer aver-
P/BV (x) 1.5 1.4 1.2 1.1
the Asean region. age. This translates into a potential
With the Amanja serviced upside of 26% against its current Net debt/equity (x) 0.2 0.2 0.2 0.1
apartments to be fully complet- share price. JF Apex Securities ROAE (%) 19.7 19.3 17.7 15.2
ed later this year, contributions Research, Aug 7 Sources: Company, AllianceDBS, Bloomberg Finance LP
Malakoff Corp Bhd
FYE DEC (RM MIL) 2015A 2016A 2017F 2018F 2019F CAGR (%)
Revenue 5,302.0 6,098.4 6,056.9 5,866.2 5,803.1 2.3
Pre-tax profit 701.2 637.5 449.2 399.2 501.8 -8.0
Net profit 452.4 355.5 263.5 228.0 300.8 -9.7
EPS (sen) 9.0 7.1 5.3 4.6 6.0 -9.7
PER (x) 11.2 14.2 19.2 22.2 16.8
DPS (sen) 7.0 7.0 7.0 4.6 6.0
Dividend yield (%) 6.9 6.9 6.9 4.5 6.0
* lower FY18F-19F numbers due to lower SEV tariffs and expiry of PDP in February 2019
Sources: Company, PublicInvest Research estimates
ditions. IHI is the manufacturer arbitration proceedings, based on
and supplier of the equipment, the agreed terms and conditions,
parts and components of boilers which are yet to be disclosed.
and the boiler system at Tanjung Although this will be a one-off
Malako has entered into an agreement with several companies to settle the disputes Bin Power. ISHI and IPSM provide gain in FY17F, we see this piece
related to the Tanjung Bin Power Plant, according to the agreement. services for the boilers and mills of news as positive for Malakoff
at the plant. Meanwhile, Sumito- as this will cushion the earnings
mo, Zelan and Sumi-Power are the pressure from the unexpected low-
earnings in the forthcoming sec- November 2016. The total claimed EPCC (engineering, procurement, er capacity payment from Tanjung
ond-quarter results owing to re- amount was estimated at around construction and commissioning) Bin Energy in the second quarter
cent operational challenges. RM785 million as at November contractors of the power plant. of FY17, as well as lower contribu-
To recap, Tanjung Bin Pow- 2016. This was due to 22 differ- Tanjung Bin Power will: i) enter tion from Segari Energy Ventures
er was seeking damaged claims ent boiler tube failure incidents into a consent judgement in the lit- in the second half of FY17. Pending
from a few parties through a lit- at the Tanjung Bin Power Plant igation action on a strictly without further details of the agreement,
igation action in December 2015 and the inability of the plant to admission of liability basis; and we maintain our forecasts for now.
and arbitration proceedings in meet certain required output con- ii) withdraw and discontinue the PublicInvest Research, Aug 7
10 B R O K E R S C A L L
SLP Resources sees
higher demand
for packaging
SLP Resources Bhd
(Aug 7, RM2.34)
Downgrade to hold with a lower
target price (TP) of RM2.62: SLP
Resources Bhds revenue for the
second quarter of financial year
2017 (2QFY17) increased by 2.5%
year-on-year (y-o-y), but net profit
decreased by 23.9% y-o-y, due to
higher raw material cost. SLP Re-
sources earnings missed both our
and consensus estimates. It record-
ed a net profit of RM9.7 million for
the first half of financial year 2017,
which made up 34% of our full-year
estimates and 26.5% of consensus
estimates. We downgrade to hold,
and reduce our TP from RM2.87 to
RM2.62, based on a 26 times FY18
price-earnings ratio, for an upside
potential of 8.6%.
Despite recording a higher rev-
enue of RM43.2 million in 2QFY17,
compared with RM42.2 million in
2QFY16, SLP Resources net profit
decreased significantly by 23.9%
y-o-y. The higher revenue was at-
tributed to higher domestic sales of
flexible plastic packaging products
in line with higher demand for food
packaging products from domestic
customers. Nonetheless, the price
of resin, a derivative of oil, has in-
creased in tandem with higher oil
price. This resulted in the lower
2QFY17 earnings before interest,
Positive global semiconductor sales growth seen
Technology sector
Maintain positive: Worldwide
sales of semiconductors in June
2017 grew strongly by +23.7% year-
on-year (y-o-y) to US$32.6 billion
(RM139.53 billion). Such pace of
sales growth was last seen in Sep-
tember 2010 when sales increased
by +25% y-o-y. This also marked the
highest-ever sales recorded for the
month of June. Inclusive of this, the
global semiconductor sales have
been growing on a y-o-y basis for the
past 11 months since August 2016.
Notably, global semiconductor sales
grew at a faster pace of more than
+20% y-o-y for the past three con-
secutive months since April. All
markets posted strong double-digit
growth on a y-o-y basis of at least
+18% y-o-y. The American market
was particularly robust, growing
by +33.4% y-o-y to US$6.6 billion.
This was followed by the Chinese
market at +25.5% y-o-y.
Cumulatively, global semicon-
ductor sales in the first half of 2017
(1H17) amounted to US$187.9 bil-
lion, an increase of +20.8% y-o-y.
This was within the World Semi-
conductor Trade Statisticss expec-
tations, accounting for 49.7% of full-
SLP Resources Bhd
FYE DEC (RM MIL) 2015
Revenue 172.4
Ebitda 37.6
Pre-tax profit 34.8
Net profit 27.2
EPS (sen) 11.0
PER (x) 21.9
Core net profit 26.1
Core EPS (sen) 10.5
Core EPS growth (%) 114.6
Core PER (x) 22.8
Net DPS (sen) 2.5
Dividend yield (%) 1.0
EV/Ebitda (x) 11.9
Chg in EPS (%)
Affin/Consensus (x)
Sources: Company, Affin Hwang forecasts, Bloomberg
taxes, depreciation and amortisa-
tion margin of 14.5% versus 17.3%
in 2QFY16.
SLP Resources revenue and
net profit decreased by 6% quar-
ter-on-quarter (q-o-q) and 9.6%
q-o-q respectively. Compared with
the previous quarter, the decline in
revenue was mainly due to lower
sales volume from export markets,
particularly from Japan. Revenue
from Japan decreased by 13.3%
q-o-q (1QFY17: RM18.6 million,
year 2017 sales forecast of US$377.8
billion. To recall, the healthy in-
crease was partly driven by lower
volume order in 1H16, which was
caused by elevated inventory lev-
els as well as strong dollar in some
regions.
The Semiconductor Industry
Association commented that con-
ditions are favourable for contin-
ued market growth in the months
ahead. Historically, positive June
month-on-month (m-o-m) growth
in 2016 and 2014 led to a very
strong 2H. On the contrary, neg-
ative June m-o-m growth in 2015,
2012 and 2011 led to a stagnant
2H. Taking cue from June sales,
which grew by +2% m-o-m, we
expect that monthly semiconduc-
tor sales should increase steadily
throughout the third quarter of
2017 before tapering off towards
the end of the year. Premised on
this, we do not discount the pos-
sibility that there could be further
upward revision for full-year 2017
sales projections.
The North America-based
manufacturers of semiconduc-
tor equipment recorded billings of
US$2.3 billion in June. This repre-
T U ESDAY AU G U ST 8, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
Rohas growth prospects driven by
regional markets
Rohas Tecnic Bhd lines and substations. To a lesser
(Aug 7, RM1.15) extent, the roll-out of 4G/LTE net-
Recommend trading buy with works in the country should also
a target price of RM1.41: Tak- complement Rohas telecoms tow-
en private in 2008, Rohas Tecnic er business. Although its RM150
Bhd made a comeback to the local million order book for the tower
bourse via a reverse takeover of fabrication business appears un-
Tecnic Group Bhd in March this exciting at first glance, the contract
year. While Rohas core business has short delivery schedules and
of fabricating power and telecom- tends to be more stable and recur-
munications towers will provide a ring in nature thus providing it
baseline revenue stream, forward with a baseline revenue stream.
growth will be driven by engineer- Going forward, growth will be
ing, procurement, construction, driven by Rohas foray into the
and commissioning (EPCC) works regional markets via EPCC works.
in Laos in addition to the proposed Already, it has secured RM300
2016 2017E 2018E 2019E acquisition of HG Power Trans- million worth of EPCC contract in
168.7 181.1 199.2 217.4 mission Sdn Bhd (HGPT). Com- Laos, which will commence in the
35.1 28.0 34.6 42.4 bined, Rohas enlarged order book second half of 2017 (2H17) with a
29.3 24.3 30.6 38.2
would balloon to RM850 million timeline of two years. At the same
and more importantly, the HGPT time, Rohas proposed acquisition
25.4 21.1 26.6 33.2
acquisition opens up new avenues of HGPT will provide it a foothold
10.3 8.0 10.1 12.6 to ride on the infrastructure boom in high-growth markets such as
23.4 30.1 23.9 19.2 in untapped Asian markets. Indonesia, Bangladesh, Sri Lanka,
27.3 21.1 26.6 33.2 As at the first quarter of finan- and the Philippines given HGPTs
11.1 8.0 10.1 12.6 cial year 2017 (1QFY17), Rohas long-standing track records. Be-
4.8 -27.6 25.7 24.8 had an outstanding order book yond the next two financial years,
21.8 30.1 23.9 19.2
of RM450 million, which will we also believe that Rohas 49%
last until FY19. It comprised of investment in the Lawe Sikap 7mw
4.5 3.5 4.4 5.5
RM150 million in fabrication of mini hydro will provide yet another
1.9 1.5 1.8 2.3 steel towers for the power and tel- stream of recurring income whilst
16.1 20.1 16.3 13.0 ecommunications industries and also serving as a stepping stone to
-34.3 -23.0 0.0 RM300 million in its EPCC project more water-related concessions
0.6 0.6 - in Laos. Additionally, Rohas has in the region.
announced that it is acquiring a We project a core net profit
75% ownership stake in HGPT growth of 9.6%/53.8% for FY17/
for RM91.7 million, which would FY18, backed by: i) steady 5%/7.1%
2QFY17: RM16.1 million). SLP Re- provide an instant boost of RM400 revenue growth from its power
sources faced fierce competition million to its existing order book transmission and telecoms tow-
from other plastic manufacturers consisting of EPCC contracts. er fabrication business; ii) exe-
in Thailand and Vietnam, which Given Rohas about 85% do- cution of the Laos EPCC project
resulted in lower sales from Japan. mestic market share in power from 2H17; and iii) imputing the
Higher raw material cost neg- transmission towers, it is well po- contribution from the HGPT ac-
atively impacted SLP Resources sitioned to benefit from the coun- quisition from FY18, which would
bottom line. As we expect oil price trys growing power generation more than make up for the thin-
to trend higher in the coming quar- and transmission development ner earnings before interest and
ters, we decrease our earnings esti- plans, including the development tax margins of 16.8%/11.3% (from
mates by 34%/23% for FY17/FY18. of new and existing power plants 19.2% in FY16) resulting from the
Affin Hwang Investment Bank under the 11th Malaysia Plan as lower-margin EPCC works.
Research, Aug 7 well as new 500kW transmission Kenanga Research, Aug 7
global sales. China is also the main
Monthly global semiconductor sales export destination of Malaysian
semiconductor products.
34 (US$ bil) Moving forward, we expect the
32 sales growth momentum emanat-
ing from China to remain robust
30 in the foreseeable term. In the im-
mediate term, we expect the global
28
semiconductor sales to continue to
26 record positive sales growth on a
y-o-y basis. Our view is reinforced
24 by June sales figure, which remained
22
encouraging.
Apart from the smart devices
segment, we also expect healthier
Jan
March
May
July
Sept
Nov
Jan
March
May
July
Sept
Nov
Jan
March
May
July
Sept
Nov
Jan
March
May
July
Sept
Nov
Jan
March
May
July
Sept
Nov
Jan
March
May
July
Sept
Nov
Jan
March
May
demand for the automotive, stor-
2011 2012 2013 2014 2015 2016 2017 age and healthcare markets. The
automotive market will be driv-
Sources: SIA, MIDF Research en by the continuous efforts to in-
crease the average semiconductor
content per vehicle. Demand from
this market is also less susceptible
sented an increase of +33.4% y-o-y y-o-y to US$12.6 billion. to seasonality factors, thus provid-
compared with June 2016 billings In recent years, the China gov- ing a steadier stream of revenue.
of US$1.7 billion. Inclusive of this, ernment has been supporting the Meanwhile, higher demand for the
billings have been growing on a Chinese domestic semiconductor storage market would be supported
y-o-y basis for the past 14 months industry with tremendous capi- by the cloud computing and data
since May 2016, with the excep- tal budgets. This has led to China centre industries.
tion of September 2016, when a gradually playing a pivotal role in All factors considered, we main-
slight contraction of -0.1% y-o-y upholding the demand of semicon- tain our positive stance for the
was recorded. Cumulatively, 1H17 ductor products. At present, sales technology sector. MIDF Re-
billings surged by more than +50% from China account for one-third of search, Aug 7
TU E SDAY AU G U S T 8 , 2 017 T HEED G E FINA NCIA L DA ILY
Petros officially formed,
says Sarawak CM
Board members of the wholly-owned state O&G company have also been appointed
KUCHING: Sarawaks whol-
ly-owned oil and gas (O&G) com-
pany, Petros, has been officially
formed, Chief Minister Datuk Amar
Abang Johari Abang Openg an-
nounced here on Sunday night.
He said that all the board mem-
bers of the company, who are Sar-
awakian professionals with wide
experience in the O&G industry,
had been appointed. He added
that none of them are politicians.
Tonight, I want to tell you that
we have officially formed our oil
company, Petros, he said, to the ap-
plause of the crowd, when address-
ing state ministers, staff members
of his ministries and office during
Govt proposes to
upgrade muftis
post to state
exco level
KUALA LUMPUR: The gov-
ernment has proposed for the
post of mufti to be upgraded to
the state executive councillor
(exco) level to enable muftis
to give their views and opin-
ions on Islamic issues in exco
meetings, so that they could be
channelled to the government.
Minister in the Prime Min-
isters Department Datuk Seri
Jamil Khir Baharom said the
views and opinions of all 14
muftis in the country could
be consolidated and adopted
to help the government real-
ise the national development
transformation agenda based
on Islamic law.
For example, for the gam-
bling issue, it was the consen-
sus of these 14 religious schol-
ars that Muslims are prohibited
from gambling even in licensed
premises.
The syariah courts have the
jurisdiction to punish the Mus-
lims offenders, he told Dewan
Rakyat yesterday.
Jamil Khir said this in his
reply to a supplementary ques-
tion from Datuk Fauzi Abdul
Rahman (PKR-Indera Mah-
kota) on the willingness of the
government to hold an assem-
bly for the ulama to coordi-
nate dakwah activities in the
country.
He also said that the govern-
ment, from time to time, had
also provided a platform for
knowledge enhancement by or-
ganising periodic programmes
involving ulama, intellectuals
and religious non-governmen-
tal organisations in the coun-
try, such as the Assembly of
Ulama-Umara. Bernama
an appreciation dinner organised
by his office at a leading hotel here
on Sunday night.
The chief minister, who was ac-
companied by his wife, Datin Amar
Jumaani Tuanku Bujang, however,
did not reveal the names of the board
members, or chairman or chief exec-
utive officer (CEO) of the company.
The formation of Petros is an
unprecedented step taken by the
state government to enable Sar-
awak to actively participate in the
extraction of oil and gas in the state
while still pursuing its request for a
20% royalty from Petronas.
Without naming the candidate,
he also said the CEO of the newly
GRAND ENTRANCE ... Umno Supreme Council member Datuk Seri Abdul Azeez Abdul Rahim (third from left) was
accompanied by an elephant in ceremonial style as he arrived to declare open the Tanah Merah divisional Umno Wanita, Youth and
Puteri conference yesterday. Photo by Bernama
Landmark ruling quashes need to
file defence before graft trial starts
KUALA LUMPUR: The Court of
Appeal has ruled that a provision
in the Malaysian Anti-Corruption
Commission (MACC) Act 2009,
which requires the accused to file
a defence before the trial starts, is
unconstitutional.
The appellate court had set aside
the High Courts order for Penang
Chief Minister Lim Guan Eng to file
his defence before the trial, his lead
counsel Gobind Singh Deo said.
[The] Court of Appeal rules
Section 62 of the MACC Act 2009
unconstitutional, Gobind said in
a Facebook post.
formed Development Bank of Sar-
awak (DBOS) had been appointed
and that the bank would start its
operations soon.
He added all the board mem-
bers of DBOS are professionals and
non-politicians under the chair-
manship of Tan Sri Mohamad Mor-
shidi Abdul Ghani, who is also the
state secretary.
On another note, he told the au-
dience that steps are also being tak-
en to strengthen the states human
capacity by giving Sarawakians the
opportunities to pursue postgrad-
uate studies locally and overseas.
He said the Sarawak Foundation,
of which he is the chairman, would
The ruling follows an appeal
by Guan Eng and businesswom-
an Phang Li Koon to declare the
section in question ultra vires of
Articles 5(1) and 8 of the Federal
Constitution, news sites reported.
Guan Eng and Phang were charged
with corruption over the purchase
of his house last year.
Guan Eng was charged with us-
ing his public office or position to
obtain gratification for himself and
his wife, Betty Chew, by approving
an application by Phangs compa-
ny, Magnificent Emblem, to con-
vert agricultural land for residential
increase scholarships and loans to
Sarawak students who are eligible to
be admitted to local as well as foreign
universities for postgraduate studies.
A state research council under
the chairmanship of the minister of
education, science and technolog-
ical research will be set up to over-
see all future research efforts and
how they can benefit the state, he
said, adding that he had personally
instructed that research be carried
out in collaboration with Swin-
burne University on prototyping an
oil palm fruit harvesting machine.
The reception was held to coin-
cide with Abang Joharis 67th birth-
day that fell on Aug 4. Bernama
purposes during a state planning
committee meeting on July 18, 2014.
Guan Eng is alleged to have used
his position to obtain gratification
by purchasing his house from Phang
at RM2.8 million, which was be-
low the propertys market value of
RM4.27 million on July 28, 2015.
Phang was charged under Sec-
tion 109 of the Penal Code for abet-
ting Guan Eng on July 28 last year
in regard to his purchase of the
house in Pinhorn Road from her,
in which Guan Eng had allegedly
committed an offence under Sec-
tion 165 of the Penal Code.
H O M E 11
Adnan
Yaakobs suit
against Utusan
settled out
of court
KUALA LUMPUR: Th e defama-
tion suit filed by Pahang Menteri
Besar Datuk Seri Adnan Yaakob
against Utusan Melayu (M) Bhd
over an article Hebat Sangatkah
Adnan has been resolved in an
out-of-court settlement.
High Court Judge Datuk Nik
Hasmat Nik Mohamad recorded
the consent judgement in cham-
bers in the presence of Adnan
and Utusan Group editor-in-chief
Datuk Abdul Aziz Ishak, who rep-
resented Utusan Melayu.
The case had been fixed for
hearing for four days from yes-
terday, but both parties agreed
to settle the matter through me-
diation, and the process began
last Friday.
The mediation process was at-
tended by lawyers Manjeet Singh
Dhillon and Americk Singh Sid-
hu, who represented Adnan, and
lawyers Datuk M Reza Hassan
and Azhar Arman Ali, for Utusan
Melayu.
Based on the consent judge-
ment which was distributed to the
media, Utusan Melayu agreed to
publish a statement to clarify the
publication of the article Hebat
Sangatkah Adnan on page two
of the Utusan Malaysia newspa-
per today.
High Court Judge
Datuk Nik Hasmat Nik
Mohamad recorded the
consent judgement in
chambers.
It also agreed to arrange an in-
terview with Adnan within a week
from yesterdays judgement on his
success in helming the Pahang
government for four terms and
his aspirations for Pahang.
The contents of the interview
will be published in the Utusan
Malaysia newspaper after the in-
terview and after obtaining the
plaintiff s consent, it said.
On Feb 13, the Federal Court
ordered Adnans suit to be remit-
ted to the High Court for trial as
evidence had yet to be established
in the High Court on whether the
lawsuit was brought by Adnan in
his personal or official capacity.
The Federal Court made the
decision after allowing Adnans
appeal to reverse the decision of
the appellate court on March 1
last year in striking out his civil
suit against the publisher of the
Malay newspaper.
The Court of Appeal held that
Adnan, as Pahang menteri besar
and an elected representative, did
not have the legal standing to sue
Utusan Melayu for defamation in
his official capacity over the arti-
cle published by the newspaper
company.
Adnan filed the suit on Nov 9,
2014. Bernama
12 H O M E
Over 500,000 scammed in 19 months
Check with Bank Negara and SSM before making any kind of investment Bukit Aman
KUALA LUMPUR: For the past 19
months, more than 500,000 people
have become victims of scams involv-
ing illegal investments in the country.
Bukit Aman Commercial Crimes
Investigation Department (JSJK)
deputy Datuk A Thaiveegan said
the victims were conned by syn-
dicates which offered high returns.
We have often advised the pub-
lic to be cautious about any kind of
CORAL SEEDING FEAT ... Sultan Ibrahim Sultan Iskandar of Johor joining 42 scuba divers from various agencies to
plant 1,200 coral seeds on an underwater vinyl frame during a coral reef regeneration programme in Pulau Tinggi, Johor, yesterday.
The event is touted by the Malaysia Book of Records as the largest coral restoration project in the country. Photo by Bernama
Constant effort key to success
in digital economy, says Jailani
KUALA LUMPUR: A continuous
and collective effort by Malaysias
digital economy stakeholders will
ensure the National Transforma-
tion Programmes success, bolster-
ing Malaysias aspiration to not be
left behind in the digitised realm.
Communications and Multime-
dia Deputy Minister Datuk Jailani
Johari said the worldwide digital
economy has been growing at an
impressive 10% annually and more
than triple the rate of the overall
global gross domestic product
growth.
Meeting the digital econo-
mys challenges requires collab-
oration among stakeholders, cit-
izens, firms and the government
towards developing new econo-
my-wide approaches and policies,
he said when delivering his key-
investment, to check with Bank Ne-
gara [Malaysia] and the Companies
Commission of Malaysia (SSM) first
before putting in any money, he told
a press conference here yesterday.
Thaiveegan said the latest ar-
rests of three people last Tuesday
included two members of a family
believed to be involved in a scam
in Pahang and Kelantan involving
foreign exchange totalling RM39.60
note address at the Asian Strategy
and Leadership Institutes Digital
Economy and E-Commerce Con-
ference here recently.
According to Jailani, the gov-
ernment, through the Digital
Malaysia programme initiatives,
aims to move the digital agenda
forward in four key policy areas,
foundational to the digital econ-
omys growth.
The areas are Internet open-
ness high on policy agendas, dig-
ital trust to be strengthened and
global connectivity reaching an
unprecedented scale, with jobs
and skills being radically trans-
formed, he said.
Jailani said the digital revolu-
tion had accelerated the global
production of goods and services,
particularly digital trade.
million. He said the police had re-
ceived 114 reports on this scam and
had opened 20 investigation papers.
In a separate development,
Thaiveegan said police busted four
moneylending or Ah Long (loan
shark) syndicates after arresting 29
individuals including two women in
four states in operations conducted
from July 30 to last Thursday.
He said the arrests were made
In 2014, global trade in goods
reached US$18.9 trillion, while
trade in services recorded US$4.9
trillion. There are more than seven
billion mobile subscriptions, 2.3
billion people using smartphones
and about 3.2 billion connected
to the Internet today.
There will be different chal-
lenges as the population gets more
connected in the next decade. We
need a digital governance model
to promote digital capacity build-
ing among administrators and
regulators.
He said insights from the in-
dustry and communities at large,
amid the government driving the
digital economy agenda through
the National Blue Ocean Strategy,
would provide the needed syner-
gy. Bernama
T U ESDAY AU G U ST 8, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
in Kuala Lumpur, Selangor, Kedah
and Johor, and also included the
illegal moneylending syndicates
masterminds and runners.
Thaiveegan said the syndicates
members were between the ages
of 18 and 48 years, and the arrests
were made after the police received
about 30 reports involving loans
amounting to RM575,950.
He said the four syndicates were
Kassim Ahmad freed of religious
charges after prosecutor drops case
PUTRAJAYA: The Syariah High
Court has acquitted and dis-
charged former social and polit-
ical activist, Dr Kassim Ahmad,
of charges of insulting Islam and
defying the Islamic religious
authorities.
Syariah judge Azzeman Omar
made the decision yesterday
after the prosecution withdrew
the charges against Kassim in
compliance with the ruling of
the Court of Appeal and the
Federal Court that the arrest
and prosecution against Kass-
im were invalid. The court also
ordered bail of RM6,000 to be
returned to the bailor.
In the judgment, Azzeman
said the syariah prosecutor
had jurisdiction to withdraw
the charges as it was not the
exclusive power of the chief sya-
riah prosecutor.
On March 27, 2014, Kassim,
84, had claimed trial to three
charges of insulting Islam and
defying Islamic authorities at the
Putrajaya Syariah High Court.
He subsequently filed a ju-
dicial review application at
Khairy: Employers are becoming
more condent of TVET graduates
PUTRAJAYA: Employers are be-
coming more confident of Tech-
nical and Vocational Education
and Training (TVET) graduates
skills since the programme was
introduced in 2013, according
to Youth and Sports Minister
Khairy Jamaluddin.
He said this was proven by
TVET graduates starting salary
which had increased by 10% to
between RM1,800 and RM2,000
as compared to that in 2013.
Some TVET graduates are re-
ceiving up to RM2,600, especial-
ly those working with interna-
tional companies.
This shows employers are
becoming more confident with
TVET products and I hope this
trend will continue to create a
high-income and high-tech-
nology economy which does
not depend solely on academic
qualifications, he told report-
ers after attending a convoca-
tion ceremony at the Youth and
believed to be active in several states,
including Johor, Melaka and Negeri
Sembilan, and used forceful collec-
tion methods such as splashing paint
and making threats when victims
were late in making payments.
Among the items seized in the
raids were 68 mobile phones of var-
ious makes, 51 ATM cards, laptops,
bank books, 153 cheques and 13
cars, he added. Bernama
the civil High Court seeking a
declaration, among others, that
the Federal Territories Islamic
Religious Department (Jawi)
had acted beyond the powers
provided under state Islamic
laws and the federal constitu-
tion when it arrested and pros-
ecuted him.
The High Court dismissed
the judicial review, but the ap-
pellate court overturned the
decision. The appellate court
ruled that Kassims arrest on
March 26, 2014 at his house in
Taman Kulim Perdana, Kulim,
Kedah was illegal as it was not
in accordance with the Kedah
Syariah Enactment.
It also ruled that Kassim, be-
ing a Kedah resident, was not
obligated to a Federal Territo-
ries fatwa (Islamic ruling) as
he was not arrested in a federal
territory.
On March 7 this year, the
Federal Court dismissed an
application for leave to appeal
brought by the government
against the Court of Appeals
decision. Bernama
Sports Skills Training Institute
(ILKBS) here yesterday.
Khairy said ILKBS graduates
marketability rate has improved
as 93% of them had secured jobs
within six months upon gradu-
ation last year compared with
83% in 2013. However, he said
several learning aspects need-
ed improvements to enhance
graduates soft skills, especially
in communication and usage of
the English language, to meet
industry demands.
As such, he said ILKBS
would implement a 20:50 pro-
gramme, in which 50% of the
skill courses, especially for front-
line services, will use English as
the medium of instruction by
2020. The medium of instruc-
tion now is [in] Malay.Not that
we want to sideline the nation-
al language, but this is vital for
them (graduates), especially if
they want to work with interna-
tional companies. Bernama
14 C O M M E N T T U ESDAY AU G U ST 8, 2 0 17 TH EEDGE F I N AN C I AL DAI LY

Has Chinas rise topped out?

The spread of its global economic influence is slowing sharply
BY MI C H A EL SCHUM AN is relentless and inevitable. A recent
survey by the Pew Research Center
showed that while more of those
polled still see the US as the worlds
leading economy, China is quickly
June, the yuan chalked up only a
2% share, according to Swift, slip-
ping behind the Canadian dollar.
The situation is not very different
in Chinas capital markets. While the
icy is holding it back. The yuan a
sideshow in currency markets be-
cause the state cannot stop fussing
with its value. In May, the central
bank actually reversed its stated
one out, and overseas investment
would have fallen by about a third.
The root cause of Chinas global
stall is this continued inability to
let markets be markets. Meddling

T
he fall from grace of Chi-
nas Anbang Insurance
Group Co Ltd contin-
ues to get steeper. Not
long ago, the mysteri-
ous firm was chasing
one foreign deal after another, be-
coming a symbol of Chinas global
economic ambitions. Now it appears
the government may be pressuring
Anbang to divest those prized for-
eign assets. If that proves to be the
case, China will have given foreign
businessmen yet another reason to
be wary of working with Chinese
companies: the uncertainty of an
erratic, intrusive state meddling in
private financial affairs.
But the Anbang case is also part
of something bigger, and for Chi-
nas economic future, scarier. In
just about every category, Chinas
rise into a global economic super-
power has stalled. And the Chinese
government sits at the heart of the
problem.
Most people around the world
still seem to believe Chinas ascent
narrowing the gap. Chinese Pres-
ident Xi Jinping has been feeding
that positive image by presenting
his country as a champion of glo-
balisation, trade and economic
progress.
Statistics tell a different story.
The common perception is that
China is swamping the world with
exports of everything from mobile
phones to steel to sneakers. In fact,
the entire Chinese export machine
is sputtering. Between 2006 and
2011, Chinas total merchandise
exports nearly doubled, power-
ing the country through the Great
Recession. Since then, they have
increased less than 11%, according
to World Trade Organization data.
The same trend holds for Chi-
nas currency. In late 2014, the yuan
broke into the top five most-used
currencies for global payments,
reaching an almost 2.2% share. Chi-
na seemed well on the way to achiev-
ing its long-stated goal of turning the
yuan into a true rival to the dollar.
But that progress has reversed. In
government has cracked open its
stock and bond markets to foreign
investors, they still prefer buying
Chinese shares listed in Hong Kong
or New York to those in Shanghai or
Shenzhen. For instance, domestical-
ly traded A-shares in a China equi-
ties fund managed by Zurich-based
GAM account for less than 10% of
its holdings.
In part, China is simply running
into the difficult transition every
country faces when losing its low-
cost advantage. Facing stiff compe-
tition from countries like India and
Vietnam, where wages are lower,
China is losing ground in apparel
and textile exports to the US. Mean-
while, the Chinese economy is not
replacing these traditional exports
with new, high-value ones quick-
ly enough. For example, in 2016,
China exported 708,000 passenger
and commercial vehicles, a sharp
deterioration from the more than
910,000 shipped abroad in 2014.
Rather than boosting Chinas
global expansion, government pol-
policy to liberalise the yuans trad-
ing and imposed more control.
Investors have not forgotten the
heavy hand Beijing employed to try
to quell a stock market collapse in
2015, leaving them wary of expos-
ing themselves to Chinese shares.
Nowhere is the disconnect be-
tween Chinas global ambitions
and actual policy greater than with
the governments interference in
overseas direct investment. For a
while, officials were encouraging
big companies to shop abroad, re-
sulting in a surge of deal-making
by firms like Anbang. That led to a
debt-crazed buying binge. Having
created the problem, the govern-
ment then stepped in to fix it,
by suddenly changing course and
clamping down on foreign deals.
According to the American Enter-
prise Institute, Chinas offshore
investment still grew by 9% in the
first half of 2017, but only because
of one giant deal state-owned
China National Chemical Corps ac-
quisition of Syngenta AG. Take that
in the allocation of finance has en-
sured that much-needed capital
gets gobbled up by the politically
connected, not the competitive.
Then the government tries to rectify
the damage with more government.
In an effort to rejuvenate exports,
China has unleashed a subsidy-rich
industrial programme to upgrade
its manufacturing called Made in
China 2025. To help companies
expand around the region, the gov-
ernment has cooked up the One
Belt and One Road Initiative, an
infrastructure-building scheme that
looks to many like a boondoggle.
The fact is that Chinese compa-
nies will face enough trouble trans-
forming into global players with
the brands, technology, financial
savvy and management expertise
to battle it out with the worlds best
without bureaucrats intruding.
Anbang may or may not be an over-
leveraged neophyte that bit off more
than it could chew. The point is that
China would be better served letting
the market decide. Bloomberg

Asean Economic Community a solid pathway to prosperity

BY THA M SI EW YEAN 2018 to bring their intra-regional ing in these countries, with Vietnam Popular Cambodian coffee chain More gains from the AEC can be
tariffs to 0%. a leading recipient due to its betterBrown Coffee has revolutionised cof- expected if Asean can successfully
Tariff reduction has increased the infrastructure and large domestic fee culture in a country that has yet overcome its implementation chal-
regions attractiveness for foreign market. In February this year, Japans
to have an outlet from the other- lenges and close the gap between
direct investment (FDI), which is Panasonic broke ground for a new wise-ubiquitous Starbucks chain. It aspired goals and actions taken.
GEOPOLITICS may have been what one of the primary goals of the AEC. 3,000 sq m factory in Binh Duong in has reaped the benefits when tariffs
brought Asean together 50 years While earlier waves of FDI were southern Vietnam to produce wiring on imported coffee beans from Thai- Entry restrictions
ago, but it will be economics that primarily driven by market forces, devices and circuit breakers for the land which hovered at around Domestic regulations that control
defines its future. Nothing will drive the reduction in intra-regional tar- country and the rest of Asean. 20% to 25% in 2015 was reduced the supply of service providers in
the vision of regional cooperation iffs has encouraged multinationals Home-grown enterprises from to a maximum of 5% and will gain each member country continue to
forward more than the Asean Eco- to reconfigure their production member countries have taken ad- even more when this tariff is further restrict the entry of both domestic
nomic Community (AEC). networks in Asean. vantage of the growing Asean market brought down to zero by 2018. and foreign service providers. Har-
By promoting regional growth Global automobile producers to expand regionally. CIMB, United Moving goods across borders monising regulations and remov-
through enhanced trade and in- such as Toyota have utilised in- Overseas Bank, OCBC Bank and is being progressively improved ing regulatory barriers are vital for
vestment opportunities for its 10 tra-regional tariff reduction to or- Maybank have made aggressive ex- by ongoing efforts to simplify in- promoting trade in services.
member countries, the AEC has set ganise and divide their production pansions outside their home coun- ternational trade procedures and Improving the physical connec-
Asean on the path of shared pros- of parts and components across tries into other Asean member states.processes. There is also increas- tivity through infrastructure and
perity, creating a future where each Asean, based on the member states Singapores Super Group has ing transparency on the rules and info-structure development is also
countrys economic resilience will respective competitive advantages. established manufacturing facil- regulations governing cross border equally important to smoothen the
depend on its closest neighbours. Of its 53 overseas manufacturing ities in five Asean member coun- trade. The Asean Trade Repository movement of goods and services.
Although not all of the initia- companies, a total of 11 are located tries. Black Canyon from Thailand, was established in 2016 to provide Likewise, the aspired goal of a free
tives set out by the AEC agenda across Asean, namely Indonesia, Ma- Jollibee from the Philippines and online, free information in English movement of skilled labour requires
were implemented by 2015, when laysia, the Philippines, Thailand and Secret Recipe from Malaysia are on cross-border processes and pro- Asean to overcome the remaining ob-
Asean was declared an integrated Vietnam. Other global automobile other examples of home-grown cedures, including customs, in each stacles in the intra-regional mobility
community, the region has benefit- producers have also followed suit. firms that have expanded to other member country. This contributes of skilled labour, such as constitution-
ed greatly from the initiatives that Asean member countries. towards lowering the costs of trading al restrictions as well as complex and
have been implemented since that Increase in FDI Low-cost carriers such as Malay- across borders, thereby facilitating opaque employment visa require-
watershed moment. The increase in FDI provided more sias AirAsia, the Philippines Cebu trade among member countries. ments and procedures.
jobs in host economies and improved Pacific and Indonesias Lion Air In recognition of the importance Asean must therefore make good
Intra-regional taris their labour productivity, thereby will be able to increase the num- of external markets for Asean, the its outstanding promises in order for
Notably, intra-regional tariffs have contributing to economic growth. ber of international flights from AEC is also globally connected the region to realise its full potential
been abolished for 99.2% of the Although it would appear that their home countries to the region with several non-member coun- as an economic community of sub-
tariff lines of the six older mem- the AEC has given more benefits to because of the removal of restric- tries such as China, Japan, Korea, stance and significance by 2025. This
ber countries namely Brunei, the advanced Asean economies, the tions on capacity and competition Australia-New Zealand and India, will require individual member states
Indonesia, Malaysia, Philippines, CLMV countries have not been left with the progressive opening up of through bilateral free trade agree- to invest political capital to implement
Singapore and Thailand since far behind. Labour-intensive FDI is Aseans aviation market under the ments (FTAs) between Asean and the necessary economic reforms so
2010. Aseans newer members already shifting steadily to the CLMV open-skies agreement. these non-member countries. as to reap the bountiful harvest that
Cambodia, Laos, Myanmar and economies because of their relatively These five FTAs are the building the AEC promises. TODAY.online
Vietnam (CLMV) which are at lower wages compared with the de- SMEs gain from lower tari blocks for a Regional Comprehen-
a more modest level of develop- veloped Asean economies. Small and medium enterprises sive Economic Partnership Agree-
ment, were given concessions un- Japanese outbound investment, (SMEs) also stand to gain from the ment (RCEP), which is currently Dr Tham Siew Yean is senior fellow
der the minus X formula of up to in particular, is reportedly increas- lower tariff as a result of the AEC. being negotiated. at Iseas-Yusof Ishak Institute.
TU E SDAY AU G U S T 8 , 2 017 T HEED G E FINA NCIA L DA ILY
Ten years after
credit crisis,
investors found
chasing yields
lower
BY MA RK GI L B ERT
& MA RCU S A SHWO RTH
LONDON: Ten years ago this
week, BNP Paribas suspend-
ed redemptions from three
hedge funds and effectively
ushered in the credit crisis.
The intervening decade has
seen central banks pump tril-
lions of dollars, euros, pounds
and yen into financial mar-
kets in an effort to keep the
global economy afloat. As a
consequence, investors have
found themselves chasing
yields lower.
Spreads on high-yield debt
denominated in euros have
just marched below what in-
vestors charge the US govern-
ment to borrow for a decade.
And while this may seem like
comparing apples and pears,
both are effectively measures
of appetite for risk and boy,
are investors taking a risk.
The 10-year Treasury yield
is still the global benchmark
for borrowing costs, and re-
mains the closest thing the
world has to a risk-free rate.
The euro high-yield spread,
meantime, measures how
willing corporate bond inves-
tors are to chase ever dimin-
ishing yield premiums in the
common currency. Moreover,
the last time the two measures
crossed for any length of time,
it didnt end so well.
The European Central Bank
(ECB) forum in Sintra, Portu-
gal in June saw the worlds
leading central bankers send
out what some interpreted as
a coordinated message on the
forthcoming end of stimulus.
The Kansas Federal Reserve
economic symposium at Jack-
son Hole on Aug 24 to Aug 26
will lay out a framework for
key upcoming central bank
meetings.
Central banks are poised
to start unwinding at least
some of the unprecedent-
ed emergency measures the
credit crisis prompted them
to introduce. The ECB is ex-
pected to address slowing its
various quantitative easing
programmes when it next
gathers on Sept 7. The Fed
meets on Sept 19 and Sept 20
and will discuss tapering its
static holdings by reducing
reinvestment of coupons and
maturing bonds.
Slow and gradual withdraw-
al is the message, but the di-
rection of travel is changing
after almost a decade of un-
precedented stimulus. Risk
spreads ought to reflect that
changing environment. They
dont which should give cen-
tral banks a reason to be ever so
gentle in unhooking the worlds
financial system from life sup-
port. Bloomberg
Sprint resumes
T-Mobile merger talks
Sources say Son is exploring ways against competition in US
BY ALEX SHER M AN
& SCOTT M ORITZ
NEW YORK: Sprint Corp has re-
sumed preliminary talks about a
potential merger with T-Mobile US
Inc, people with knowledge of the
matter said, as billionaire Masayoshi
Son explores ways to build scale for
a carrier facing increasing compe-
tition in the US wireless market.
The two wireless operators re-
started discussions after Sprints
exclusive negotiating period with
Comcast Corp and Charter Com-
French govts 10b asset sale to take years
BY GERALDINE AM I E L
& FR ANCOIS DE BE AU P U Y
PARIS: Finance Minister Bruno Le
Maire said the French governments
10 billion (RM50.53 billion) divest-
ment programme will take years to
execute, and he is working on iden-
tifying which assets will be sold.
It wouldnt be in one go; we
wouldnt do the whole thing over 15
days, Le Maire said in an interview
Big Oils dream of billions of barrels hidden o Norway fading
BY M IKAEL HOLTE R
OSLO: Norways oil industry has
been salivating for years over the
Arctic Lofoten Islands, which could
hold billions of barrels of crude. It
will likely have to keep dreaming.
The general election next month
is unlikely to lift a deadlock thats
keeping a ban on drilling off the
archipelago as more and more Nor-
wegians are turning their backs on
the industry that helped make the
country one of the worlds richest.
Its a dead issue, said Frank ents seas, according to the World
munications Inc expired at end-Ju-
ly, according to the people, who
asked not to be identified because
the information is private.
The discussions show that Son,
who leads Sprints largest sharehold-
er SoftBank Group Corp, is pursuing
all options for industry consolida-
tion as he continues to weigh a po-
tential offer for Charter. SoftBank has
been considering making a formal
takeover bid for the cable company
and combining it with Sprint, people
familiar with the matter said earlier.
From SoftBanks perspective,
at his Paris office. That wouldnt
[be] reasonable.
He said the first deals are likely
to be done in September.
Le Maire said last month he plans
to sell off government holdings to
help finance innovation, as part of
a push to upgrade French industry.
He cited areas such as battery tech-
nology, artificial intelligence and
transportation where public invest-
ment can help accelerate progress.
Aarebrot, a professor of political
science at the University of Bergen.
Backed by unions and business,
Norways Labor and the Conserva-
tives have long favoured steps that
could open up the area for explo-
ration. But so far, they have had to
compromise with smaller parties
determined to keep Lofoten oil-free.
The waters off the rugged ar-
chipelago are home to the worlds
biggest cold-water coral reef and
a breeding area for 70% of all fish
caught in the Norwegian and Bar-
W O R L D B U S I N E S S 15
if they get the T-Mobile deal done,
thats probably enough for a while,
Dan Baker, an analyst at Morning-
star Investment Management Asia
Ltd in Hong Kong, said by phone
yesterday. The benefit is clearly that
the competition reduces they get
a business that has enough scale to
compete with other big players.
Shares in SoftBank rose 2.4%
to 9,023 (RM348.70) in Tokyo.
Deutsche Telekom AG, the Ger-
man parent of T-Mobile, advanced
0.7% to 15.86 (RM80.14) at 9.32am
in Frankfurt. Bloomberg
The decision on which assets
to sell will be influenced by mar-
ket conditions and the companies
situation, Le Maire said, declining
to name the firms he is looking at.
It is not the states role to get
dividends from a certain number
of companies in which the state has
no strategic interest, he said. We
want these transactions to benefit
the general interest and the state.
Bloomberg
Wildlife Fund. The islands also
host mainland Europes biggest
seabird colony. Opponents of oil
exploration argue that a spill could
cause catastrophic harm, and that
Norway will run afoul of the Paris
climate agreement if it expands
exploration more.
Oil companies led by state-con-
trolled Statoil ASA say gaining ac-
cess is key to maintain production
of oil and gas, which is forecast to
fall again from 2025, after already
dropping 12% since a 2004 peak.
Bloomberg
IN BRIEF
Le Maire: Paris to be EUs
main nancial centre
PARIS: Finance Minister Bru-
no Le Maire said Paris will
beat Frankfurt to become the
European Unions (EU) main
financial centre after Britain
leaves, even as he acknowl-
edged that the French capital
is playing catch-up. We will
take the difficult decisions;
we will lower French taxes; we
will make our country more
attractive, Le Maire said in
a television interview in his
office in eastern Paris, over-
looking the River Seine. We
will win the race. Since the
UK voted last year to aban-
don the EU, France has been
fighting with Germany and
Ireland to grab a part of the
financial industry that plans
to relocate out of London.
Bloomberg
Paddy Power Betfair
CEO said to step down
DUBLIN: Gambling firm Paddy
Power Betfair chief executive
officer (CEO) Breon Corcoran
announced plans to step down
yesterday, 18 months since
completing the merger of Irish
bookmaker Paddy Power with
British online betting exchange
operator Betfair. The companys
share price was down 7.4% at
73.39 (RM410.28) in London
trading by 0750 GMT, extend-
ing losses since the start of the
year to 16%. Corcoran will be
replaced by Peter Jackson, a
non-executive director of Pad-
dy Power Betfair and CEO of
the UK arm of global payment
business Worldpay Group since
March, the company said in a
statement. Reuters
Largest Qatar bank said
weighing funding options
DUBAI/LONDON: Qatar Na-
tional Bank QPSC (QNB) is
considering options to raise
financing, people familiar with
the matter said, as an ongoing
stand-off with its Gulf neigh-
bours threatens to weaken li-
quidity in the gas-rich country.
The Middle Easts largest lend-
er by assets held early discus-
sions with international banks
about the possibility of a pri-
vate placement, bond sale or
loan in the fourth quarter, said
the people, asking not to be
identified as the information
is private. Final decisions ha-
vent been made and the bank
may decide against a deal, the
people said. Bloomberg
German June industrial
output unexpectedly falls
FRANKFURT: German indus-
trial production unexpectedly
slipped in June as manufactur-
ing and construction caused a
temporary blip in the growth
spurt of Europes largest econ-
omy. Output, adjusted for sea-
sonal swings and inflation, fell
1.1% in June after rising 1.2%
in May, the economy ministry
in Berlin said yesterday. Thats
the first drop in six months in
the typically volatile measure,
which compares forecasts for a
0.2% gain. Bloomberg
16 FO CU S
Hubs for the future
Which are the new hubs for Singapore that will stand a chance in a disruptive future?
STORI ES BY MI C HELLE TEO
P
hotographers know that their pic-
tures of Singapores city skyline
have to be updated every few years.
Skyscrapers are added, particu-
larly in the financial district, and
in recent years, new landmarks
have emerged.
Those shiny towers are just one visible part
of the deliberate, long-term planning under-
taken by the city state. And while Singapore has
thrived on those plans over the past five dec-
ades to become one of the worlds wealthiest
countries, it now faces significant headwinds
amid rapidly shifting economic realities
both at home and externally.
As globalisation and disruption intensify,
Singapore remains highly vulnerable given
the size, openness and service-led nature of
its economy, write CLSA analysts in an in-
vestment strategy report on Singapore.
For a time, Singapores economy leveraged
on the countrys beginnings as a trading port
getting a lift from offshore and marine (O&M)
engineering, oil and petrochemical refining,
and electronics manufacturing. Even today, the
manufacturing sector is still a major contrib-
utor to GDP. But its share has been declining:
Last year, manufacturing contributed 19.6% of
GDP, down from 21.1% in 2008 and 28.2% in
2004. The second-largest contributor to GDP,
wholesale retail and trade, has also been on
the wane accounting for 14.2% of GDP last
year compared with 20.4% in 2011.
Singapore corporates have been caught
flat-footed as old-economy industries have
been disintermediated, CLSA says. Even
blue-chip companies, notably in the O&M
sector and telecoms, have come under earn-
ings pressures amid competition and indus-
try shake-ups.
On the other hand, business services con-
tribution to GDP is steadily ticking up, as are
financial and insurance services. What are
the sectors that would sustain Singapores
Start-ups: Ecosystem fosters growth, future-building
WHEN the founders of last-mile delivery
service Park N Parcel began operations,
they settled at Block 71, Ayer Rajah Cres-
cent. Painted blue and white, the former
flatted factory and its surrounding buildings
have been converted into working spaces
for start-ups.
The eight blocks are now home to a com-
munity of 4,300 people and house some 800
budding companies such as Park N Parcel,
in a diverse range of industries. Officially
known as the JTC LaunchPad @ one-north,
the start-up complex has been replicated
farther west in Jurong to focus on advanced
manufacturing and engineering and even
overseas, in Jakarta and San Francisco.
There are also about 50 incubators here,
including Trendlines Medical, Trendlines
Groups first medical technology incubator
outside of its home in Israel. According to
JTC, the LaunchPad start-ups raised close to
S$130 million in disclosed funding in 2016,
including Series A and B rounds.
For Park N Parcel, the low-cost space,
funding and networking opportunities at
the LaunchPad helped the company get off
to a good start. Its where we get to meet
the big boys, says co-founder Erik Cheong, infocomms media and start-up cluster at
highlighting the weekly events held at the
growth in the digital and knowledge-based
economy of today and tomorrow? How can
the country leverage what it has built? Are
there, in turn, opportunities for companies
and their shareholders?
In the following articles, we highlight three
areas of activity or hubs that could spur
continued growth for Singapore in the dec-
ades ahead. One of these is a cluster of pur-
pose-built spaces for start-ups, JTC LaunchPad
@ one-north, by the state industrial developer.
Officially opened in 2015, the 6.5ha site has
open work spaces and meeting rooms and
is set to house about 800 start-ups and in-
cubators from a range of industries by year-
end. No country in Asia is further ahead in
its pursuit to become an innovation centre,
CLSA notes. At the same time, the investment
firm believes the government, with some S$35
billion (RM109.91 billion) in support through
2020, will not only help old-economy indus-
tries evolve to remain competitive, but also
blocks that feature venture capitalists and
successful entrepreneurs. Cheong has met,
among others, Indonesia online marketplace
Tokopedias co-founder William Tanuwijaya
and gaming hardware company Razers CEO
Tan Min-Liang.
There are literally
thousands of women and
men based in Singapore
doing scientic work that
could have a positive impact
on the world Leonard
The ecosystem at the LaunchPad, with
its community of motivated entrepreneurs,
also fosters collaboration. Park N Parcel has
since teamed up with local online market-
place Carousell, which also started out at
LaunchPad.
LaunchPad was designed with precise-
ly the objective to develop a synergistic
ecosystem, says Khoo Wee Lin, director of
industrial developer JTC Corp. JTCs mas-
T U ESDAY AU G U ST 8, 2 0 17 TH EEDGE F I N AN C I AL DAI LY T UE
W
RIS
of
in w
mi
tun
SAMUEL ISAAC CHUA ma
Singapore is always going to be about trade pre
in goods and services, [but the types of] goods 475
and services will evolve as the world evolves, 1Q
says CIMB economist Song Seng Wun. To Sw
me, its about where we can capitalise on our we
current strengths. 300
These developments are not immune to
disruption and competition, particularly from the
neighbouring countries competing on price. na,
A big chunk of Chinas hefty investments in its day
Belt and Road Initiative, for instance, is going ben
towards developing ports and other infrastruc- no
ture in the region that will rival Singapores. est
Yet, it is not going to be that easy to knock lio
Singapore out of the game, say various industry ing
observers. You cant just announce a hub and of t
say everyones welcome, observes Andrew bil
Herdman, director general of the Association 90%
of Asia Pacific Airlines. Its basically an aspi- ati
ration. It will work only if other providers see fle
the opportunity and share the same view. los
A significant characteristic of a hub is the pri
forming of an ecosystem, which observers un
say is difficult to displace. Our transport hub,
develop a new digital and knowledge-based for instance, thrives on strong links between sur
economy. Another key area of economic industry and finance, forged over decades. ed
activity is transport specifically shipping The start-up cluster at one-north is next to a giv
and aviation which has been an erstwhile business park housing biomedical sciences, do
strength. Works are underway at the western infocommunications technology and media Sun
and eastern ends of the island as Singapore companies, and close to educational and re- dig
doubles its sea port and airport facilities, re- search facilities. ou
spectively, and pushes them to higher stand- Is there room for more hubs [in the re-
ards of service and efficiency. gion]? Probably, if they get their act together,
Another area of growth that leverages on Song says. This is where Singapores premium
existing competencies is wealth management.
Singapore is well placed to benefit from rising
affluence in the region. And there has been
comes in... Political stability, policy planning
and implementation are assumed. When Sin-
gapore plans something, you know it will be
T
a shift in influence, as the local banks take carried through. If something doesnt work,
over the private banking businesses of foreign they will try to fix it in the shortest possible TH
lenders. Analysts have noted that the three lo- time, because their survival depends on de- rise
cal banks are the largest in Southeast Asia in livering. mu
terms of assets, which gives them resources Singapore will never be the cheapest place beh
to expand further. to do business, Song admits. But you must ter
As Singapores appeal as a place to conduct be able to say: Its not the cheapest place to Ter
business grows, the country is getting an edge do business, but I must go there. The Edge wil
as a hub for international dispute settlement. Singapore cap
a th
are
mi
thr
Tua
in
terplan ensures start-ups can benefit from There are literally thousands of women tot
the talent pool, technologies and industry and men based in Singapore doing scientific ty-
networks from the institutes of higher learn- work that could have a positive impact on
ing, research institutes and leading compa- the world, Leonard adds. Our challenge con
nies located in one-north and its vicinity, is not We need more scientific research, Sha
Khoo says. but How do we turn some of this incredi- to b
Such links will help Singapore not only ble work into products and companies that Fro
become a hub for start-ups, but also build its solve big-world problems? han
own future. Its not possible to make any Indeed, there could be still some way to Sha
place a start-up hub, says Steve Leonard, go. Singapore must transition from simply wa
founding CEO of SGInnovate, the govern- providing support and infrastructure for sam
ment entity connecting entrepreneurs with start-ups, to focusing on developing exits, dol
research, industry and financing. cultivating domestic listings, pushing for ing
Singapore has key parts that combine to commercialisation and helping businesses Asi
create just such a hub, Leonard says. These move to the next level to become blue-chip Ini
include talented and ambitious people who companies, CLSA notes in the report. This to
possess a range of technical and business is the only true way to validate the ecosys- tra
skills, scientific research with real-world tem and grow the economy.
applications, corporate and private inves- A critical factor in this transition is hav- as
tors willing to take risks, and the mindset ing the right talent in the country. As many fro
that anything is possible. others have observed, the education system, Ne
There have been doubts that Singapore, while high-quality, is not quite turning out ram
with its tiny market, allows companies graduates with the right skills and mind- to c
enough traction to make it big. But, as in- sets, as CLSA put it. There have been calls gro
vestment firm CLSA notes in a report, local to relax immigration policies to allow busi- tain
start-ups can leverage strong government nesses to hire the people they need. It may Wh
support and the start-up eco-system, which be a quick fix for now, but it could give the
will provide the foundation for the emer- economy the boost it needs for the next leg tem
gence of new-economy industries. of growth. The Edge Singapore era
 T U E SDAY AU G U S T 8 , 2017 T HEED G E FINA NCIA L DA ILY
Wealth management: Cashing in on Asias affluence
RISING incomes in Asia, and the transfer
of some US$2.1 trillion (RM8.99 trillion)
in wealth to the next generation of heirs
millennials are presenting both oppor-
tunities and challenges for private banks.
On July 28, UBS reported that its wealth
management business in Asia-Pacific saw
ade pre-tax earnings in 1H2017 rise 41% y-o-y to
ods 475 million Swiss franc (RM2.09 billion). In
es, 1Q2017, invested assets rose to 311 billion
To Swiss franc, up 6.5% y-o-y the first time a
our wealth manager has reportedly crossed the
300 billion Swiss franc mark in the region.
e to In its 2016 Billionaire Insights report,
om the Swiss bank notes that Asia, led by Chi-
ce. na, is creating one billionaire every three
n its days. Many of these nouveaux riches are
ing benefiting from fast growth in the tech-
uc- nology, consumer and retail, and real
es. estate sectors. Still, the bank notes, bil-
ock lionaire wealth is often short-lived, ow-
stry ing to business risk and dilution. In fact,
and of the fortunes that have fallen below the
ew billion-dollar mark in the past 20 years,
ion 90% did so in the first and second gener-
pi- ations. In China, especially, fortunes are
see fleeting. Forty of the countrys tycoons
. lost billionaire status in [2016] as asset
the price volatility and government scrutiny
ers undermined wealth.
ub, At the same time, banks are under pres-
een sure to comply with stricter controls relat-
des. ed to anti-money laundering regulations,
oa given the spate of recent scandals. What
ces, does this mean for wealth managers? Ajay
dia Sunder, Frost & Sullivan vice-president for
re- digital transformation in Asia-Pacific, points
out that there is a growing number of in-
re-
er,
um
ing
in-
be
Transport: Efficient networks to meet competition and demand
ork,
ble THE steel skeleton of Changis latest icon
de- rises slowly in the east. The Jewel, with its
multi-storey shops and gardens, will be a
ace behemoth set against the airports current
ust terminals. It is a precursor to the sprawling
e to Terminal 5 complex being developed, which
dge will more than double the airports existing
capacity. Preparations are also underway for
a third runway. Changi Airports planners
are estimating that, by the mid-2020s, 135
million people will be travelling into and
through Singapore.
In the west, the new mega-terminal at
Tuas is slowly taking shape. To be developed
in four phases over 30 years, it will have a
men total handling capacity of 65 million twen-
ific ty-foot equivalent units (TEUs).
on Singapore is already one of the busiest
nge container ports in the world, vying with
ch, Shanghai and Shenzhen. But growth seems
di- to be much slower than at the Chinese ports.
hat From January to June, port operator PSA
handled 16 million TEUs, up 6.5% y-o-y.
y to Shanghais throughput in the same period
ply was 19.6 million TEUs, up 9.6% y-o-y. At the
for same time, Beijing is committing billions of
its, dollars to port and rail infrastructure link-
for ing its mainland to key cities from Africa to
ses Asia part of its expansive Belt and Road
hip Initiative. Most recently, China promised
This to revive Melakas fortunes as a maritime
ys- trading hub to rival the port of Singapore.
Meanwhile, Changis expansion comes
av- as the growth in visitor arrivals is slowing
any from its double-digit pace a decade ago.
em, Neighbouring metropolises have also been
out ramping up capacity at their airports, either
nd- to cope with demand or capture more of the
alls growth in the region. Can Singapore main-
usi- tain its status as a regional transport hub?
may What actually makes a hub?
the The word gets bandied about like a to-
leg tem, says Andrew Herdman, director gen-
eral of the Association of Asia Pacific Air-
is billed as a purely online platform targeted
Rising afuence to provide at middle-income retail investors, the theory
tailwind for demand for being that income sources for regular folk
wealth management would be far more transparent.
Greg Gibb, CEO of Lufax, says Singapore
ASEAN5 GDP per capita (US$ 000) was chosen for Lu International because
Indonesia (LHS) Singapore (RHS) of how the regulator has made financial
Malaysia (LHS) Thailand (LHS) technology a priority, and made it easy
Philippines (LHS)
20 90 for an operation such as Lu International
to set up. Singapore uses function-based
80 regulation. They can look at a new busi-
15
ness model, then pick out very quickly the
70
10
existing parts of the framework that you
60 can use, Gibb explains. We put down on
paper, when we were talking to the differ-
5
50 ent countries, that the objective everyone
had to agree to was a 100% online oper-
0 40 ation. In the entire process, if it requires
2015
2016E
2017F
2018F
2019F
2020F
2021F
2022F
2023F
2024F
2025F
2026F
us to do a face-to-face with a customer,
we dont want to do it. So, the regulators
Sources: National Sources/BMI had to agree that was the principle. And
Singapore said, well do it.
Meanwhile, the three major local banks
vestment options for people who are not have also seen their wealth management
high-net-worth individuals. We see a lot of business grow. Analysts have noted that
inherent demand from the middle-income wealth management fee income has con-
group, he says. Theres an affluent middle tributed strongly to earnings at United Over-
class that is open to the idea of investing, seas Bank, Oversea-Chinese Banking Corp
but right now, the only access they have is (OCBC) and DBS Group Holdings, some-
to the stock market. So, allowing access, what cushioning the impact of challenges
thats the critical thing. they are facing in other business segments,
Indeed, last month, Chinese insurance gi- both externally and domestically.
ant Ping An Insurance (Group) Co launched OCBC, for one, has made a major push
its wealth management business, Lu Inter- into the wealth management sector. As BMI
national, in Singapore. Lu International is a Research notes, its private banking unit, Bank
subsidiary of Lufax Holdings, a peer-to-peer of Singapore, is ranked by Asian Private Bank-
lender and online wealth management plat- er as seventh among Asias largest private
form in China that is controlled by Ping An. It banks in terms of assets under management.
Artists impression of Jewel Changi Airport, part of the expansion at the airport that will more than double its
passenger-handling capacity. Photo by Jewel Changi Airport Development
lines. What makes a hub is a network, and major engine makers Rolls-Royce and Pratt
efficient systems that can handle the volume & Whitney, business jet charterer Jet Avia-
of operations. In the case of an airport for tion, local engineering firm ST Aerospace
example, the network is built by airlines and and other smaller companies. The planners
a successful hub often works with one car- objective is to create an ecosystem of avia-
rier that calls it home. Its the airlines that tion services, which creates opportunities
think about which traffic to go for, how to for networking and business collaborations
attract it, how to price it accordingly, Herd- and in turn enhances competition.
man says. You need airlines to be hungry It is a similar case in shipping, notes
for business. Pradeep Rajan, S&P Global Platts senior
To strengthen its position as an aviation managing editor, Asia Pacific shipping and
hub, Singapore has invested in a dedicat- freight. Just having a port does nothing
ed zone for supporting aviation services. for you. You need to have proper shipping
The 320ha Seletar Aerospace Park houses management companies... an entire talented
maintenance, repair and overhaul com- workforce to manage it. You need financial
panies, manufacturers of aircraft engines institutions to support it. Lots of key players
and components, and other training and have huge operations here, he says. Singa-
research facilities. Notable tenants include pore has the entire ecosystem built.
FO CU S 17
That followed its acquisition in November
2016 of Barclays private banking business
in Singapore and Hong Kong. OCBC has also
announced plans to acquire the Singapore
and Hong Kong private wealth operations
of National Australia Bank.
Wealth management fees at OCBC now
account for nearly a third of the groups
total fee income, compared with a quarter
at the end of last year. For 1QFY2017, the
amount of fees rose 50% y-o-y, and boosted
the groups bottom line by 14%.
At DBS, ranked the sixth-largest pri-
vate bank in Asia in terms of assets under
management, the wealth management
unit contributes 15% to 20% of the banks
total income, according to BMI Research.
Last October, DBS took over the wealth
management and retail banking business
of ANZ Bank.
UOB, 14th on the list, has seen its wealth
management business more than double
since 2010. For 1HFY2017, the segment re-
corded a 37.5% increase in its contribution
to the banks fee and commission income,
to S$262 million.
According to BMI Research, the wealth
management business is likely to contin-
ue to drive growth at the three banks, as
strong economic growth in Southeast Asia,
along with its rising middle class, leads to
increased demand for wealth management
products. In particular, the creation and
implementation of the [Asean Econom-
ic Community] offers an opportunity for
Singapore to present itself as the wealth
management hub for the region. The
Edge Singapore
Singapore is already primed to become a
hub for the bunkering and trading of liquefied
natural gas (LNG), touted as the fuel of the
future. There is an LNG terminal on Jurong
Island, and a cluster of international LNG
trading houses have already set up shop here.
Ultimately, Singapores location at the
crossroads of Asia and Europe should con-
tinue to serve it well. Changi is still the busi-
est airport in Southeast Asia and 17th in the
world, ahead of Bangkoks Suvarnabhumi
and Incheon in South Korea. For 1H2017,
Changi Airport saw passenger traffic rise
5.7% y-o-y to 30.4 million. The airport op-
erator says this was supported by more trav-
ellers from Asia, particularly from India. In
2016, Changi handled 58.7 million passen-
ger movements, a 5.9% increase from the
year before and faster than the 2.5% growth
seen in 2015.
And, the countrys reputation for compe-
tency would set it apart from the competi-
tion. The port at Shanghai, for one, is beset
with congestion and delays. Says Pradeep,
Singapore will always be ahead of the curve
in terms of the efficiency it brings into the
system.
Herdman says, The good news is that
the market grows. But its always going to be
competitive. The source of growth is evolv-
ing, and its not that predictable. My favour-
ite example is in Hong Kong, when they did
the planning for [Chek Lap Kok] airport. If
you dust off those long-term planning doc-
uments, mainland China didnt feature in
the top 10 markets.
As Herdman sees it, it is the challengers
that reveal the success of a particular hub.
You understand the power of the hub not by
someone who runs the hub telling you how
great it is. Its when you talk to a competitor
and they say, Yeah, were in the shadow
of this hub; there must be an opportunity
here. The Edge Singapore
18 W O R L D B U S I N E S S
Australias Commonwealth
Bank to fight laundering claims
It is facing civil action for allegedly breaching the laws 53,700 times
SYDNEY: Australias biggest bank
yesterday admitted mistakes were
made but vowed to defend claims
it breached money laundering and
terrorism financing laws, which
could result in massive fines.
The Commonwealth Bank, Aus-
tralias biggest company by market
capitalisation, was taken to court last
week by the countrys financial in-
telligence agency Austrac, accused
of serious and systemic non-com-
pliance with the legislation.
It is facing civil action for al-
Toshiba may gain auditor sign-off
BY THOMA S WI L SON
TOKYO: Toshiba Corp may gain a
partial endorsement from its audi-
tor for its annual financial results
after disagreements over account-
ing for the much of the year, Japa-
nese media reported a step that
would lessen, but not remove, the
risk of a delisting.
For Toshiba, which was demoted
to the second section of the Tokyo
Prosecutors seek
12 years jail for
Samsung heir
BY HWA N G SU NGHEE
SEOUL: South Korean prose-
cutors yesterday demanded the
heir to the Samsung empire be
jailed for 12 years over his role
in the corruption scandal that
brought down the countrys
last president, Park Geun-hye.
At the final hearing in the trial
of Lee Jae-yong, the vice-chair-
man of Samsung Electronics,
prosecutors called him the ul-
timate beneficiary of crimes
committed in the scandal.
If the judges convict him and
agree with the sentence recom-
mendation, it will be among the
harshest penalties ever passed
on a top executive of a chaebol.
Lee and four other executives
of Samsung are accused of brib-
ing Parks powerful confidante
with millions of dollars to win
presidential favours and ease a
controversial 2015 merger deal.
They sought a 12-year sen-
tence for Lee, who is also
charged with embezzlement
and hiding assets overseas
among other offences, 10-year
terms for three of his co-ac-
cused, and seven years for the
last of the defendants in the trial.
Lee denied any wrongdo-
ing. AFP
legedly breaching the laws 53,700
times, particularly in relation to its
cash deposit machines.
Its chief executive officer (CEO)
Ian Narev, who is facing calls to
resign, admitted mistakes were
made and said he was focused on
dealing with the issue.
We take it extremely seriously,
right up to the board level and I
as CEO am spending a lot of time
on this at the moment, he told
the Australian Broadcasting Corp
ahead of the banks annual results
bourse this month, a loss of its sta-
tus as a listed company would fur-
ther complicate its ability to raise
money, particularly for the invest-
ment-intensive chip business that
it is trying to sell.
Since taking over as Toshibas
auditor in June last year, Pricewa-
terhouseCoopers Aarata (PwC) has
yet to endorse the firms financial
results which have suffered nu-
merous delays.
From worst to best A shipbuilders fortunes
SINGAPORE: A recovery in demand
for new bulk carriers has helped
Singapores worst-performing stock
in 2016 become its best this year.
Yangzijiang Shipbuilding Hold-
ings Ltd, which specialises in dry-
bulk carriers, has rallied 83% in
2017 to lead the benchmark Straits
Times Index. The Chinese ship-
building firm has made a come-
back after it won 13 contracts worth
US$318 million in the first quarter,
about 40% of its US$823 million
worth of orders it won last year.
Its share-price gain this year is
more than five times that of the
announcement tomorrow.
The bank is accused of failing to
deliver to Austrac on time 53,506
reports for cash transactions of
A$10,000 or more at the machines
between November 2012 and Sep-
tember 2015, with a total value of
A$624.7 million.
It also failed to report suspi-
cious transactions on time, or at all,
that totalled A$77 million, and did
not monitor customers or manage
the risk even after becoming aware
of suspected money laundering,
In particular, PwC has queried
whether Toshiba should have rec-
ognised multibillion-dollar losses
at US nuclear arm Westinghouse
earlier than last December, sources
familiar with the matter have said.
PwC is now looking at issuing
an opinion with qualifications reported that PwC could also issue
given where only minor prob-
lems exist by a bourse-imposed
deadline on Thursday, but it could
also still issue an adverse opinion,
Straits Times Index, which is heading
towards its best showing in five years
with a 15% advance. The bulk-ship-
ping industry is in the midst of a re-
covery and scrapping of older vessels
is creating demand for new ones,
underpinning Yangzijiang.
Earnings are still expected to
be under pressure for the next few
years as the rebound in orders has
been limited amid an oversupply
of vessels since the financial crisis.
Yangzijiangs profit growth is expect-
ed to slow for a third consecutive
year in 2017, according to estimates
from eight analysts. Investors may
T U ESDAY AU G U ST 8, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
the agency claimed.
While each breach could attract
A$18 million (RM60.99 million)
in fines, potentially running into
the billions of dollars, Narev said
a single coding error was likely re-
sponsible for many of them.
I understand 53,000 sounds like
a big number. One very important
piece of context is that the vast ma-
jority related to one software cod-
ing error in 2012 that we picked up
in 2015, fixed within a month and
rectified, he said. AFP
Jiji news agency said, without cit-
ing sources.
Toshiba has entered into dis-
cussions with the auditor, seeking
to gain an opinion with qualifica-
tions, Jiji added.
The Nikkan Kogyo business daily
a stronger opinion without quali-
fications, which is given where no
problems are found in a companys
accounts. Reuters
be willing to look past near-term
earnings weakness if Yangzijiang
can win more contracts, particu-
larly since the sectors performance
tends to be driven by the outlook for
the shipping industry, said Corrine
Png, chief executive officer of Crucial
Perspective, a research firm focused
on Asian transport equities.
Bigger rivals such as Sembcorp
Marine Ltd and Keppel Corp, which
focus on oil rigs, have seen their
earnings weighed down as crude
plunged more than 50% since mid-
2014, with an oversupply in the
market. Bloomberg
IN BRIEF
Bitcoin soars to
record as buyers look
beyond miners split
HONG KONG: Bitcoin extend-
ed gains to a record, ignoring a
split in the cryptocurrency over
its future. The digital exchange
rate jumped as much as 16%
from last Friday to an unprece-
dented US$3,292.41 (RM14,092),
even after bitcoins division last
week. The debate has revolved
around how to upgrade its un-
derlying technology, with a group
of developers backing a solution
called SegWit2x against miners
some of whom have created
an offshoot called Bitcoin Cash
who want to increase the size of
data blocks more drastically. The
miner-orchestrated hard fork has
had limited traction and will not
impact the price or future devel-
opment of bitcoin, said Aurelien
Menant, chief executive officer of
Gatecoin Ltd, a cryptocurrency
exchange in Hong Kong, referring
to the split. Bloomberg
Tesla planning
US$1.5b bond oering
to support Model 3
MICHIGAN: Tesla Inc is about
to make its debut in the prima-
ry corporate bond market, as
Elon Musk bolsters his com-
panys balance sheet amid an
audacious bet on a more af-
fordable electric car. The auto-
maker plans to offer US$1.5 bil-
lion (RM6.42 billion) in senior
unsecured notes due in 2025,
according to a statement. Tesla
said it intends to use the pro-
ceeds to support the Model 3,
its cheapest model yet, and for
general corporate purposes. It
would be the companys first
sale of non-convertible bonds,
according to data compiled by
Bloomberg. Bloomberg
Indonesia economy
grows less than expected
JAKARTA: Indonesias economy
expanded slower than econo-
mists had estimated in the sec-
ond quarter of 2017 as public
spending fell. Gross domestic
product rose 5.01% from a year
earlier, according to data re-
leased by the statistics bureau
in Jakarta yesterday; economists
had predicted a growth of 5.08%.
President Joko Widodo has un-
dertaken a major infrastruc-
ture programme to bolster the
economy. But a budget deficit
approaching the 3% legal limit
has forced the state to curb ex-
penditures. Bloomberg
Japans SoftBank says
1Q prot jumps 50.1%
TOKYO: Japans SoftBank Group
Corp yesterday reported a 50.1%
rise in first-quarter (1Q) operat-
ing profit, after the company in-
cluded Vision Fund, the worlds
largest private equity fund, as a
new reportable segment and
booked a valuation gain. The
Internet and telecoms giant said
profit for the quarter through
June increased to 479.2 billion
(RM18.53 billion). SoftBank has
not released a forecast for the
current business year ending
March, saying there are too many
uncertain factors. Reuters
20 WORLD
North Korea defiant after
new sanctions, rejects talks
It also threatens to make the US pay the price for its crime
BY DAVE CL A RK
MANILA: North Korea yesterday
angrily insisted tough new UN
sanctions would not stop it from
developing its nuclear arsenal, and
warned it would not negotiate while
being threatened by the US.
The message of defiance is the
first major response to the US-draft-
ed sanctions that the UN Security
Council unanimously approved
over the weekend that could cost
North Korea US$1 billion (RM4.28
billion) a year while restricting cru-
cial economic links with China.
Night swim
leaves Aussie
teen bloody and
bewildered
SYDNEY: An Australian teenager
emerged from a night-time dip
in the ocean with blood stream-
ing from his feet and ankles in a
gruesome mystery that doctors
have struggled to explain.
Sam Kanizay waded waist-
deep into the waters at Brighton
Beach in suburban Melbourne
on Saturday, standing still for
about 30 minutes. Upon coming
out from the sea, he was bleeding
profusely from the calves down.
The cold water numbed my
legs. I felt what I thought were
pins and needles but maybe it
wasnt just pins and needles,
the 16-year-old told 3AW radio
yesterday.
Washing the blood off his legs
in the shower did little to stem
the flow from what his family
believes was an attack by sea lice.
It sort of looked like hun-
dreds of little pin holes or pin-
sized bites distributed all over
my ankle and the top of my
foot, he said.
Rushed to hospital, Kanizay
said doctors could not explain
what had caused the injury.
We had a few people guess-
ing it was sea lice, but no one
really had any idea.
His father went as far as
scooping some of the tiny crit-
ters from the ocean and posting
a film online of them devouring
small chunks of meat.
Some reports cited experts
pointing instead to stingrays
or jellyfish as the suspected
culprits.
However, Jeff Weir, from the
Dolphin Research Institute, said
the injury was likely caused by
opportunistic amphipods, a tiny
crustacean that latches onto de-
caying plant or animal matter to
help break it down. AFP
The sanctions are a violent viola-
tion of our sovereignty, Pyongyang
said in a statement carried by its
official Korea Central News Agency.
We will not put our self-defen-
sive nuclear deterrent on the nego-
tiating table while it faces threats
from Washington, it said, and will
never take a single step back from
strengthening our nuclear might.
North Korea also threatened to
make the US pay the price for its
crime ... thousands of times.
The statement came as North
Koreas Foreign Minister Ri Yong-
Ho was in Manila, the Philippines,
Google employees anti-diversity
memo prompts company rebuke
BY SAM FORG I O NE
NEW YORK: Google executives over
the weekend rushed to denounce
an engineers memo that ascribed
gender inequality in the technology
industry to biological differences,
a view that sparked outrage at the
Internet giant and inflamed ten-
sions over sexual harassment and
discrimination in Silicon Valley.
The unnamed engineer assert-
ed, in the 3,000-word document
circulated within the company last
week, Googles left bias has created
a politically correct monoculture
which prevents honest discussions
about the issue.
Distribution of preferences and
abilities of men and women differ
Hong Kong cleans up greasy beaches after palm oil spill
BY ELAINE Y U
HONG KONG: A clean-up opera-
tion was under way in Hong Kong
yesterday after a massive palm oil
spillage from a ship collision in
mainland Chinese waters clogged
some of its most popular beaches.
Some coastal parts were coated
with rancid-smelling sticky white
for a security forum with top dip-
lomats from the US, China, Russia
and other Asia-Pacific nations.
US Secretary of State Rex Till-
erson yesterday ruled out a quick
return to dialogue with North Ko-
rea, saying the new sanctions show
the world had run out of patience
with Pyongyangs nuclear weapons
ambitions.
Speaking to reporters at the fo-
rum, Tillerson said Washington
would only consider talks if Pyong-
yang halted its ballistic missile pro-
gramme. The best signal that North
Korea could send that they are pre-
in part due to biological causes and
that these differences may explain
why we dont see equal representa-
tion of women in tech and leader-
ship, he wrote.
The memo stoked the heated
debate over treatment of women in
the male-dominated Silicon Valley
that has boiled for months follow-
ing sexual harassment scandals at
Uber Technologies Inc and several
venture capital firms.
Googles recently hired vice-pres-
ident of diversity, integrity and gov-
ernance, Danielle Brown, sent a could not be allowed to play any
memo in response to the furore, say-
ing the engineers essay advanced
incorrect assumptions about gender. the statements from Brown and
Part of building an open, inclu-
sive environment means fostering
clumps of the oil on Sunday, with
11 beaches still closed to swimmers
yesterday at the height of a summer
heatwave. There are still lumps of the
solidified oil on the beaches and the
seawater in some areas is greasy.
Hong Kong comprises more
than 200 islands with glittering
bays, but there are increasing con-
cerns about pollution and rubbish
T U ESDAY AU G U ST 8, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
pared to talk would be to stop these
missile launches, he said.
Tillerson held out the prospect
of US envoys at some point sitting
down with Pyongyangs isolated
regime and avoiding war, although
he refused to say how long North
Korea might have to refrain from
testing more long-range missiles.
The sanctions are in response
to North Korea conducting its first
two intercontinental ballistic mis-
sile tests last month that its leader
Kim Jong-un boasted about show-
ing he could strike any part of the
US. AFP
a culture in which those with alter-
native views, including different
political views, feel safe sharing
their opinions, Brown wrote.
But that discourse needs to
work alongside the principles of
equal employment found in our
Code of Conduct, policies and an-
ti-discrimination laws, she added.
Google engineering vice-pres-
ident Aristotle Balogh also wrote
an internal post criticising the em-
ployees memo, saying stereotyp-
ing and harmful assumptions
part in the companys culture. A
Google spokesman told Reuters
Balogh are official responses from
Google. Reuters
A plastic toy rake is seen
among clumps of palm oil
after it washed up onto a beach
in Hong Kong yesterday. Ten
beaches, usually packed on
a hot weekend, were closed
on Sunday due to a palm oil
spillage from a ship collision
in mainland Chinese waters.
Photo by AFP
blighting its shores.
At Pui O beach, on Lantau Is-
land, cleaners raked through the
famous black sand yesterday, re-
trieving lumps of palm oil mixed
with trash from plastic water bot-
tles to childrens toys. Though a
red flag is still up and the beach is
officially closed, some people still
ventured into the waters. AFP
IN BRIEF
Attack on UN oce
in Colombia injures
police ocer
BOGOTA: A police officer was
injured on Sunday in an attack
on a United Nations (UN) mis-
sion monitoring the disarming
of FARC rebels in Colombia as
part of the groups peace deal
with the government, author-
ities said. Assailants attacked
the location where the FARC re-
bel group had a weapons stash
in the southwestern town of
Caloto, in Cauca department,
according to police, who said
a splinter group of the Marxist
rebels or the smaller National
Liberation Army (ELN) could
have been behind the violence.
However, Cauca police general
Edgar Rodriguez said the ELN is
to blame. The ELN is currently
the only group fighting the Co-
lombian government, though it
is seeking to negotiate its own
peace deal. AFP
Italian remen started
res to receive bonuses
ROME: Fifteen firefighters
have been arrested in Sicily
on suspicion of having start-
ed fires to receive bonus pay-
ments, police on the Italian
island said yesterday. The fire-
men are alleged to have faked
distress calls as part of the plan
to receive payments of around
10 (RM50) per hour by the
state for working in emergen-
cy situations. A number of the
15 volunteer firemen arrested,
all from Ragusa province, are
suspected of arson. The local
fire service authorities had no-
ticed an abnormal number
of interventions by the team
and launched an investiga-
tion. AFP
PAPs Halimah Yacob
to run for president
SINGAPORE: The Straits Times
has reported that Madam Hal-
imah Yacob has resigned as
Speaker of Parliament and
member of parliament (MP)
for Marsiling-Yew Tee GRC to
stand in next months presiden-
tial election. She submitted her
letter of resignation to Prime
Minister Lee Hsien Loong yes-
terday, informing him of her
decision to step down as MP
and leave the Peoples Action
Party (PAP), where she was a
central executive committee
member and chaired the PAP
Seniors Group.
Floods, landslides kill
26 in Vietnam
HANOI: Floods and landslides
caused by torrential rains have
killed 26 people and left 15
missing in Vietnams moun-
tainous north, authorities said
yesterday. Since early August,
flash floods have caused wide-
spread destruction in Dien
Bien, Yen Bai, Son La, Cao Bang
and Lai Chau provinces, the
Hanoi-based disaster control
office said in a statement. Ac-
cording to witnesses in Yen Bai,
floods tore through villages last
Thursday night, carrying with
them large boulders from the
mountains. AFP
TU E SDAY AU G U S T 8 , 2 017 T HEED G E FINA NCIA L DA ILY
Top market with a few top stocks
Rallies in a handful of stocks are dominating indices which can be worrying
BY KA NA NI SH I ZAWA
A
mong the worlds
biggest stock mar-
kets, there have not
been any better in-
vestments this year
than Hong Kongs
Hang Seng Index.
But under the surface of that
26% surge, gains are getting more
concentrated and that means
for some shares, volatility is on the
rise. Take one of the Hang Sengs
heaviest weighted stocks, Tencent
Holdings Ltd. It is the best per-
former this year with a 69% surge,
accounting for around a quarter of
the indexs gain, according to data
compiled by Bloomberg. And its 30-
day volatility has jumped 51%, as
price swings across the index grow
ever more muted.
Market watchers said mainland
Chinese investors are causing the
phenomenon, favouring Hong
Kongs biggest shares as they fun-
nel cash into the city through ex-
change links. While that creates
opportunities and pitfalls for
stock pickers, some strategists see
the lack of breadth as a risk for pas-
sive money too, in that it is a sign
of a fragile rally.
There are certain funds com-
ing down from China and they are
buying into well-known stocks from
their point of view, like Tencent or
Ping An (Insurance (Group) Co).
The Hang Seng Index has moved
quite considerably upwards, but
then the second or third liners hav-
Shunned from bond market, Virgin Islands faces crisis
BY ROB I N RESPAU T
FOR a glimpse at the precarious
financial health of this Caribbean
island, visit its public hospital.
Pipes underneath the emergen-
cy room collapsed in May, causing
waste water to back up through the
drains. Now workers and visitors,
and even patients, use portable toi-
lets set up on the sidewalk. The hos-
pital does not have the cash for new
plumbing.
For years the US Virgin Islands
funded essential public services with
help from Wall Street. Investors lined
up to purchase its triple tax-exempt
bonds, a form of debt free from mu-
nicipal, state and federal taxes. Now
the borrowing window has slammed
shut. Trouble in neighbouring Puer-
to Rico, which recently filed for a
form of bankruptcy, has investors
worried that the US Virgin Islands
might be next.
With just over 100,000 inhabitants,
the protectorate now owes north
of US$2 billion (RM8.56 billion) to
bondholders and creditors. That is
the biggest per capita debt load of
any US territory or state more than
US$19,000 for every man, woman
and child across the island chain
ent been able to follow, said Victor
Au, chief operating officer at Delta
Asia Securities Ltd. The rallys re-
liance on just a few stocks means
an external shock would give the
market a good excuse to have a
big correction, he said. Investors
are too complacent to the current
situation.
The Hang Seng Indexs ascent in
2017 marks a departure from years
of underperformance versus global
equities, with the Hong Kong meas-
ure delivering more than twice the
S&P 500 Indexs gain amid signs of
a stabilising Chinese economy and
brighter earnings prospects. The
of St Croix, St Thomas and St John.
We have a government that we
cannot afford, and now all of it is
converging, said Holland Redfield,
a former six-term US Virgin Islands
senator who hosts a radio talk show
about politics in the territory. We
are getting to the point where we
may have a potential meltdown.
Rating agencies have downgrad-
ed the islands credit ratings deep
into junk territory. The government
proposes to slash public spending
by 10%. And it has threatened to
auction homes and businesses of
property-tax deadbeats.
Governor Kenneth Mapp is quick
to reassure bondholders that they
get first crack at one of the territorys
largest funding sources: rum taxes.
The money pays debt service before
heading to government coffers, a
protection called a lockbox. The US
Virgin Islands has never been late on
a payment, much less defaulted on a
bond or loan agreement, Mapp said.
But how these islands will recover
from years of budget deficits and a
severe liquidity crisis remains to be
seen. The territory lost its single-larg-
est private employer five years ago
when a refinery shut down. Gross
domestic product has declined by
Hang Seng Index climbed 0.5%
yesterday, while Tencent shares
jumped 3% after Morgan Stanley
raised its target price.
The advance has been narrow
just seven of the indexs 49 stocks,
including Tencent, Ping An Insur-
ance (Group) Co and AIA Group Ltd
accounted for almost 70% of the
advance through last Friday. Their
30-day price swings have jumped
25% on average this year, while the
HSI Volatility Index holds near a
decade low.
A similar pattern is happening
in the US, where rallies in giant
technology companies like Apple
almost one-third since 2008. At times
this year the government was operat-
ing with just two days cash on hand.
At the Juan F Luis Hospital and
Medical Center, plumbing trou-
bles are just the beginning. Doctors
have stopped performing some vital
procedures, including implanting
pacemakers and heart defibrillators,
because the facility cannot pay sup-
pliers for the devices, officials said.
Before Puerto Rico imploded un-
der US$70 billion in debt and US$50
billion of unfunded pension liabili-
ties, few in Washington noticed trou-
bles brewing in the other inhabited
US territories of American Samoa,
Guam, the Northern Mariana Islands
and the US Virgin Islands. Residents
of these places are US citizens, but
they cannot vote in presidential elec-
tions and their Washington delegates
are non-voting figureheads. Despite
high poverty rates and joblessness,
the territories receive just a fraction
of the federal funding allocated to
US states for entitlements such as
Medicare and Medicaid.
To bridge the gap, some have
turned to the bond market. Bond
issues typically fund infrastructure
and capital projects. But in the case
of Puerto Rico and the US Virgin Is-
Inc and Facebook Inc are domi-
nating indices, and whether this
is something to worry about has
been hotly contested.
Cliff Asness at AQR Capital Man-
agement has argued that four or
five stocks always shoulder a dis-
proportionate amount of upside
nothing to get excited about.
Howard Marks, the co-chairman
of Oaktree Capital Group LLC, has
listed addiction to FAANG-foment-
ed gains among a handful of vul-
nerabilities that could spell the end
of what is now the second-longest
bull market ever. It is usually not a
good sign for there to be a narrow-
lands, officials increasingly relied on
borrowed money to fund govern-
ment operations. Debt loads for both
territories have grown to staggering
proportions, now surpassing 50% of
their respective gross domestic prod-
ucts. That is higher than anywhere
in the nation and sharply above the
state median of 2.2%, Moodys In-
vestors Service found.
There was an idea that because
of the lockbox structure and the fact
that the territories did not have a
path to bankruptcy, they had to pay
you, said Curtis Erickson, San Fran-
cisco-based managing director of
Preston Hollow Capital, a municipal
specialty finance company.
That all changed in 2016 when
Congress passed legislation known
as Promesa giving Puerto Rico its
first access to debt restructuring.
The move sparked a ferocious battle
among creditors to see who would
shoulder the largest losses. Inves-
tors quickly surmised the US Vir-
gin Islands might pursue the same
strategy. In December, S&P Global
Ratings downgraded the territory by
a stunning seven notches to B from
BBB+, putting it well below invest-
ment grade. The US Virgin Islands is
adamant that S&P and other rating
F E AT U R E 2 1
ing of the market in a bull market,
said Richard Harris, Hong Kong-
based chief executive officer of Port
Shelter Investment Management.
It very often means that eventu-
ally people are going to run out of
things to buy.
Harris said that as well as the
Hang Seng Index being swept up
in a global trend for narrower ral-
lies, the buying habits of Chinese
mainland investors are having an
impact.
Mainland investors have pur-
chased a net 246 billion yuan
(RM158.53 billion) of Hong Kong
stocks through Shanghai and Shen-
zhen trading links this year. Among
the most actively traded in recent
months include Tencent, Ping An,
China Life Insurance Co and HSBC
Holdings Plc.
Crowd-following quants are also
part of the story, according to Eric
Liu, head of research at Vanda Se-
curities Ltd. Systematic investors are
targeting Tencent and some Chinese
bank stocks and they tend to raise
volatility on a subindex or a compa-
ny level, while suppressing it on an
overall index level, he said. It would
not be unusual for there to be nar-
row market leadership, increasing
volatility in those stocks as a fore-
runner that maybe the markets are
getting a bit high and need to come
back to some sort of reality, Port
Shelter Investment Managements
Harris said. I would expect some
sort of pullback in the third quarter.
Maybe sell in August, buy back in
November. Bloomberg
agencies overreacted.
The US Virgin Islands is trapped
in a circle of hock that is making it
tough to manoeuvre. The govern-
ment and its two public hospitals,
for example, owe a combined US$28
million to the territorys water and
power authority, known as Wapa.
In turn, Wapa owes about US$44
million to two former fuel vendors.
Then theres the US$3.4 billion of un-
funded liabilities for public pensions
and retiree healthcare. The pension
fund is 19.6% funded and projected
to run out of money by 2023.
Pensioners can wait months be-
fore their annuities start, because the
government is behind on its contri-
butions. Territory officials cannot
say how they will close a projected
US$100 million budget shortfall for
this fiscal year. That is on top of an
accumulated net deficit of US$4.4
billion, according to government
financial records.
Back at Juan F Luis Hospital, of-
ficials hope to move the emergency
room into the cardiac wing so repairs
can begin on the collapsed pipes.
The government has pledged US$3
million for the job, but Tim Lessing,
the facilitys chief financial officer,
wonders if he will see it. Reuters
22
live it!
WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE
Personal
ASSISTANT
COMPI L ED BY HANNAH M ER ICAN
WORK. LIFE. BALANCE
TRY out Garretts Matcha CaramelCrisp pop-
corn available for a limited time only. Spe-
cially developed by the Garrett team, the
matcha powder boasts strong, bright green
tea avour to complement the CaramelCrisp.
Quality matcha powder is then infused into
handcrafted batches of the CaramelCrisp
every day for added complexity of avours.
The Matcha CaramelCrisp, at RM18, is availa-
ble until August 13 at Garrett Popcorn shops
nationwide.
WATCH Dunkirk, now showing in cinemas.
Set in 1940, Germany advanced into France
trapping the Allied troops on the beaches
of Dunkirk. Under air and ground cover,
British and French forces are on a mission
to evacuate people along the beaches using
every serviceable naval and civilian vessel
as the enemy closes in. Directed by Christo-
pher Nolan, the lm stars Tom Hardy, Mark
Rylance, Kenneth Branagh, Cillian Murphy
and Fionn Whitehead. Visit www.cinema.com.
my for screening times and ticket bookings.
CHECK out the exhibition Arts of Jomon at
Isetan The Japan Store today. The exhibition
focuses on a collective of artists inspired by
the Jomon period in Japan which saw the
creative arts ourish alongside nature. The
exhibition reconstructs the spirit and designs
from the period giving it a contemporary art
perspective. The exhibition was rst shown
in New York in 2013 and has made its way
around the world. Entry fee is RM15. Arts
of Jomon is on until Aug 13 at Isetan The
Japan Store, Lot 10, 50 Jalan Sultan Ismail,
Kuala Lumpur. For more information, visit
www.cube1kl.com.
Italian architect Sottsass surrounded by some of his designs at Los Angeles County Museum of Art. Sottsass is recognised as a major gure in architecture
and design. Photos by Bloomberg
INDUSTRIAL DESIGNER SOTTSASS
COLOURED THE 1980S IN PASTEL
The architect and
designer is a major
figure in his own
industry
BY JAMES TARMY
R
arely has one person defined
an epoch as completely as
the architect and designer
Ettore Sottsass did in the late
1980s and early 1990s. The
eras totems Cosby sweat-
ers, swatch watches, neon rollerblades
can be traced directly to objects his
design collective, the Memphis Group,
unveiled at a Milan furniture fair in 1981.
This summer, the Metropolitan Mu-
seum of Art in New York is taking on the
task of not only reviving Sottsass repu-
tation, but also introducing the world to
his lesser-known early work. At the mu-
seums Breuer building, the exhibition
Ettore Sottsass: Design Radical (until Oct
8) takes visitors on a tour of the chairs,
computers and sculptures that defined
the designers world.
By the 1970s, Sottsass had experiment-
ed with virtually every medium. He made
wooden furniture, including a magnifi-
cent Jenga-like assemblage of shelves and
drawers, Tower Cabinet from 1962 to 1963,
prominently displayed at the exhibition.
That whimsical, almost impossible piece
of furniture is contrasted with a side chair
from 1972s Synthesis 45 Office Furni-
ture System. Olivetti manufactured the
aluminum chair, with its cheerful yellow
base and drab brown fabric, for corporate
offices around the world.
Only in the final room of the show that
visitors encounter his Memphis Group
designs, the exhibitions most exciting
objects. By the time he co-founded Mem-
phis in 1981 the name is partially an
homage to Bob Dylans song Stuck Inside
of Mobile With the Memphis Blues Again
Sottsass was a major figure in his own
industry, and the group had backing from
T U ESDAY AU G U ST 8, 2 0 17 TH EEDGE F I N AN C I AL DAI LY T UE
manufacturing companies eager to ap-
propriate his avant-garde imprimatur.
The result, unveiled at the famous Sa-
lone de Mobile, was a collection of 57
pieces from a colourful, primary-coloured
couch to a bookshelf made from lami-
nate-covered particle board. These objects
were not intended for mass consumption;
they were considered luxury items. They
are still for sale. After walking through the
Met Breuers galleries, visitors can buy
Memphis furniture from the gift shop
downstairs, or go online, where one of
Sottsass Carlton bookshelves is on sale
for 13,145 (RM66,208). 01
The response to the Milan exposition
was immediate: Sottsass and the rest of
the group were lauded for mixing pop
culture and high design, and this will
not come as news to anyone who had
spent the early 1990s wearing bright pas-
tels their aesthetic soon permeated in
every corner of the globe. Clothing com-
pany Esprit, for instance, commissioned
Sottsass to design its geometric, wildly
colourful showrooms.
Sottsass own work is so varied that de-
lineating it from the crowd can be difficult.
Everyone other than a true Sottsass schol-
ar will be forced to peer at wall labels to
identify what is what perhaps too much
interrogation for a casual visitor. Still, the
show is ultimately a series of pushes and
pulls, an exhibition in true dialogue with 02
the art it showcases. It befits Sottsass ca-
reer a string of experiments, a sequence
of trials and errors that culminated in a
global influence. Bloomberg
01. The Olivetti Valentine
portable typewriter, designed
by Sottsass.
02. An oce chair designed by
Sottsass for Olivetti.
02. A Carlton room divider or
bookshelf from 1981 designed
by Sottsass.
03
 live it! 23
T U E SDAY AU G U S T 8 , 2017 T HEED G E FINA NCIA L DA ILY

WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE

CARS BY HANNAH ELLIOTT

Heres a superpowerful BMW thats best enjoyed from the back seat
The BMW M760i is a handsome sedan with
a mammoth V12 engine.
BMW introduced it this summer, with a
starting price of US$156,495 (RM669,799),
as a way to attract buyers who prefer be-
ing driven in an executive-style lounge,
and the ones who enjoy driving a sports
car of their own.
BMW makes another big sedan you
might put in this category, the Alpina B7.
That one is the US$138,800 V8 that BMW
builds with its engineering partner, Alpina.
Its thrilling to drive. But if I had to choose
between the two, Id opt for the M760i
the big engine and athletic handling, fresh
new colourways, and a back seat to die for
give it the overall edge.
V12 value does exist
BMW has dropped a whopping 601-horse-
power twin-turbo throbbing heart into
the front of this 7-Series good enough
for zero-to-60 miles per hour (mph) (97
kilometres per hour) in 3.6 seconds and a
top speed of 155mph. That engine comes BMW gave the M760i a 601-hp twin-turbo V12 engine with a top speed of 155mph. Photos by Bloomberg
from the same line as those used at sister
company Rolls-Royce, and the familial rear seat and footrest, an executive lounge-
relationship is abundantly clear. style centre console in the rear, a removable
I should say here that this M760i is not seven-inch tablet in addition to two large
an M7. No such thing exists, technically TV screens, and lounge armrests and seat-
speaking. Rather, M Sport cars such as ing that are heated and cooled yes, even
this M760i are the highest-level trim ver- in the rear. (Power-hungry drivers at the
sions of the regular, non-M series vehicles. front of the car should take note: That iDrive
Actual M cars think M3 or M5 are controller in the rear controls everything
engineered and produced separately by in the car, too, as I found out when the
BMWs motor-sport division. Those have music began to take an unexpected turn
major differences in their chassis, perfor- away from my beloved hip-hop jams one
mance, and components from non-M cars, afternoon heading out to Queens.)
and theyre considerably more expensive. Everything about this car feels like a re-
M Sport vehicles such as this have cosmetic ward. If you were blindfolded, you could
upgrades and some adjustments in such tell that its plush just by touching things
things as the suspension, splitters, and ex- inside: The nappa leather is thick and soft
haust but do not command the full BMW (get the viola merino leather option in
motor-sport architecture. The BMW M760i has extensive parking cameras, including one that gives a 360-degree helicopter view smoke white for US$4,000), the wood trim
Even so, I might choose the M760i from the top. is fine-grained and solid, the aluminium is
over the segment-dominant Mercedes- brushed to the same calibre as the brace-
Benz S Class. I say this based on money let of a Submariner Rolex. What especially
savings alone. While the S65 AMG costs When you get behind the wheel, you feel all lounged in the back playing with the impressed me is that the slats in the kid-
US$226,900, the M760i costs US$70,000 as though youre driving something much entertainment screens, massaging reclin- ney grill on the M760i are actual steel, not
less; its also two inches (5cm) shorter smaller, but the M760i is just as potent as ing lounge chairs, 16-speaker Bowers & something that feels like plastic, as many
than the S65 and feels much sleeker from any sport sedan. Wilkins Diamond Surround Sound system, of the others in the BMW fleet do. Once
behind the wheel and in the back seat and interior automatic-dimming mood you have this level of craftsmanship on
than that small distance would suggest. See you in the back lights as if it were their own personal spa your town car, everything else feels cheap.
And despite that impressive engine size Really, though, the back of the M760i is day. Rude. BMW badly wants to usurp the S Class
and four additional cylinders, the M760i where Id live, should this car be mine. I I dont blame them. Who would say no here in creating a large sedan that performs
drives smaller than both the Alpina B7 and drove a handful of friends in it up to Bear to a seriously panoramic sky lounge roof like Jason Statham in a suit. If it hasnt
the S, touching the ground more lightly Mountain, out on Long Island, around (US$900 extra) and multicoloured mood done it with the M760i, it has come close,
and skirting corners more nimbly with its some upstate lakes, and all through Brook- lighting adjustable at the level of an infra- and, in the meantime, we all have certain-
eight-speed, all-wheel drive than its spec- lyn for a week recently. It was lonely. No- red sauna? The US$5,750 Rear Executive ly benefited from this goal. Ambition is a
ifications would indicate on paper alone. body wanted to sit up front with me. They Lounge Seating package includes a power heck of a drug. Bloomberg

The US$5,750 Rear Executive Lounge Seating package includes a power rear seat and footrest, an
You can choose to individualise your car with BMW Individual paint, steering wheel, door sills, and executive lounge-style centre console in the rear, a removable seven-inch tablet in addition to two large
badging, plus merino leather upholstery, a matching Alcantara headliner, and chrome exterior designs. TV screens, and lounge armrests and seating that are heated and cooled yes, even in the rear.
2 4 S P O RT S
Stroud wins Barracuda Champ
He beats Werenski and Owen in a three-man play-off
LOS ANGELES: American Chris
Stroud won the PGA Tours Bar-
racuda Championship on Sunday,
beating Richy Werenski and Greg
Owen in a three-man play-off.
Stroud posted an eagle on the
final hole of regulation to get into
the play-off and record his first win
in 289 PGA Tour events.
To finally get one is unbelieva-
ble, Stroud said. Ive putted with
15 different putters in the last two
Red-hot Keys takes
Stanford title
LOS ANGELES: Madison Keys
looked to be in US Open form early
on Sunday at the WTA Tours Stan-
ford tournament, beating Ameri-
can compatriot CoCo Vandewe-
ghe 7-6 (7/4), 6-4 for her third
career title.
The 22-year-old Keys was
pleased with the win after battling
injuries this year which caused her
to miss the first two months of the
season following wrist surgery.
It hasnt been the easiest last
couple of months, but this means
a lot to me, said Keys, who earned
her first win of 2017.
Keys also said the victory will
give her confidence going into
the US Open, the last Grand Slam
of the year which begins in three
weeks in New York.
It finally feels like Im on the
right track and feeling good about
my tennis again. It feels amazing
to have a title at home and on
hard courts.
Im really, really happy that
this is kind of the start of my US
Open Series.
The world No 21 Keys reached
the final by eliminating reign-
ing Wimbledon champion Gar-
bine Muguruza in straight sets,
Autistic golfer dreams of Green Jacket
BY PA RK C H A N- KYONG
ANSEONG (South Korea): Golf is
among the most solitary of sports,
its players engaged in a constant
struggle with themselves as they
compete against the implacable
opponent of par.
But for autistic newly qualified
professional Simon Seungmin
Lee, it is a way to escape from
his enclosed self and engage with
the world.
The 20-year-old South Korean,
who grew up in the US, has been
medically assessed as having the
communication skills of a child
half his age and the sociali-
sation abilities of a 10-month-
old baby.
But six years after taking up
weeks and went back to an old
one.
The putts started going in, and
that was the only difference this
week.
Stroud, Werenski and Englands
Owen finished with 44 points af-
ter regulation of the event at the
Montreaux Golf and Country Club
in Reno, Nevada.
The tournament used the Mod-
ified Stableford system. Rather
so it didnt come as a surprise
she played her best tennis in the
final.
It was the first career WTA meet-
ing between Keys and Vandewe-
ghe but they are no strangers off
the court. The two Fed Cup team-
mates shared a long embrace at
the net after Keys closed out the
win with back-to-back forehand
winners.
Im really,
really happy that
this is kind of
the start of
my US Open
Series
Thanks for a great week CoCo,
said Keys.
Keys hit two aces, had three
double faults and won 76% of her
first-serve points in the one hour,
28 minute match.
Vandeweghe, 24, also served
brilliantly, hammering six aces
and winning 73% of her first-serve
points. She reached the final with-
out dropping a set. AFP
the clubs, and following five
failed attempts, he secured pro-
fessional status at a Korea PGA
trial in May one of the few au-
tistic people to do so anywhere
in the world.
His next goal is a tour card at
the Korea PGA qualifying school
in November.
I love golf, said Lee, who has
difficulty speaking and whose
mother helped him communicate
throughout the interview.
I want to win the Masters,
he added.
Lee started showing symptoms
in his early childhood in the US
where his father, a South Korean
diplomat, was stationed.
He started avoiding eye con-
tact and replying with what the
than counting the total number
of strokes taken, as in stroke play,
Stableford scoring involves scor-
ing points based on the number
of strokes taken at each hole. The
format awards eight points for an
albatross, five for eagle, two for
birdie, zero for par, and subtracts
a point for a bogey and three for
double bogey or worse.
Stroud scored a tourna-
ment-best 20 points in the final
HEADS-UP ... A man practising yboarding near the village of Olenevka, Crimea
on Saturday. The International Festival of Extreme Sports Extreme Crimea ended on
Saturday has quickly become the Crimean peninsulas annual epicentre of extreme sports
and Russia in its entirety. Extreme Crimea this year was held in the format of a three-week
marathon of dance, street directions and water sports. The rst week was dedicated to
dance styles and took the baton from the festival of a breakdance Yalta Summer Jam. The
second week was lled with street sports parkour, skate park, workout, and everything
connected to it. The third week was combined water sports boats, kayaks, windsurng
and beach games. Photo by Reuters
other person had just said. My
heart sank one day when I said,
Good night Seungmin, and he
replied Good night Seungmin, in-
stead of Good night mother, she
said of the phenomenon known
as echolalia.
He tends to show attachments
to certain objects another com-
mon symptom most notably
a Patrick the Starfish character
doll he was given when the fam-
ily went to the Universal Studios
theme park in Orlando, Florida
10 years ago.
Asked by his mother who he
would rescue first from a sinking
ship, her or the doll, Lee grimaced
and groaned, unable to make up
his mind.
At age eight, he was placed in
T U ESDAY AU G U ST 8, 2 0 17 TH EEDGE F I N AN C I AL DAI LY
round of the event. He carded an
eagle, nine birdies and three bo-
geys in his 18 holes on Sunday.
Owen entered the final round
with a five-point lead, but he was
eliminated on the first extra hole
after making par while both We-
renski and Stroud made birdies.
Werenski was eliminated at the
second extra hole after he made
a par as Stroud scored another
birdie. AFP
a special education system in the
US, where he started playing ice
hockey as a sports therapy.
Six years later, he turned to
golf, which he had been practising
during summer vacations.
Autistic golfers are not com-
pletely unprecedented. Moe Nor-
man, who won 55 Canadian Tour
and other Canadian events from
the 1950s to the 1970s, is believed
to have suffered from the disorder.
A metronomically reliable hitter
of the ball, he has been described
as a supernaturally gifted yet
cruelly misunderstood athlete.
Lee is cognitively impaired, but
has a remarkable rote memory
and his motor skills appear to be
highly developed, according to his
golf coach Kim Jong-pil.
IN BRIEF
Under Armours plan to
revive sales could hit snags
BENGALURU: Under Armour
Inc, which became a sensation
riding the athleisure trend a few
years ago, laid out a strategy last
week to stanch a steep decline in
sales growth but the companys
progress could hit roadblocks.
The company admitted that its
days of astronomical growth
were behind them and said it
would cut jobs and close stores,
underscoring its struggles in a
fast-changing and fiercely com-
petitive US sportswear market.
Under Armours troubles are
partly tied to the fading athlei-
sure trend casual clothing
designed for both exercise and
everyday wear. But there are big-
ger problems afoot. Reuters
Aussie Olympic legend
Betty Cuthbert dies
SYDNEY: Australian Olympic
icon Betty Cuthbert, the only
athlete to ever win gold in the
100m, 200m, and 400m, has died
aged 79 after a long battle with
multiple sclerosis, officials said
yesterday. Cuthbert shot to fame
as a little-known 18-year-old at
the 1956 Melbourne Olympics,
winning the 100m, 200m and
4x100m relay, earning her the
nickname Golden Girl by local
media. During her career, she
set nine world records, four of
them in 1958, and remains the
only athlete, male or female, to
win Olympic gold in the 100m,
200m and 400m. AFP
Real ready to go without
Ronaldo against United
SKOPJE (Macedonia): Cristiano
Ronaldo has finally returned
to training with Real Madrid
but the defending European
champions are set to be without
the Portuguese superstar in to-
days Uefa Super Cup clash with
Manchester United in Skopje.
Ronaldos summer has been
overshadowed by accusations
of tax evasion in Spain, which
led to him being charged in a
court near Madrid last week,
while he was handed an ex-
tended summer break by his
club after playing for Portugal at
the Confederations Cup. AFP
I think he was born as a golf-
er, he said.
When they started working to-
gether, teaching him was harder
than instructing 20 normal ath-
letes at the same time, Kim said.
As he has trouble communicat-
ing, I had to teach him with actions
and poses, not by words, showing
him every right pose and proper
muscle movement and fixing his
own by touching him, he said.
Etiquette was another chal-
lenge, with Lee not understanding
why he should stay quiet when
other players were teeing off.
But once he learned the ropes,
he never looked back.
All I worry now is he is prac-
tising too hard, said the coach.
AFP
TU E SDAY AU G U S T 8 , 2017 T HEED G E FINA NCIA L DA ILY
Markets 2 5
BURSA MAL AYSIA MAIN MARKET

Bursa Malaysia YEAR

HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE COUNTER CLOSING
(RM)
+/
(RM)
VOL
(000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
1.023 0.561 0.770 0.735 7609 AJIYA 0.740 -0.025 1267.5 0.751 10.69 2.70 225.4
Sectorial Movement 0.160 0.065 0.115 0.115 9954 AKNIGHT 0.115 0.025 50 0.115 6.7
2.099 0.651 1.740 1.690 2674 ALCOM 1.700 -0.020 677.7 1.712 19.36 12.06 228.4
INDICES CLOSE +/- %CHG INDICES CLOSE +/- %CHG 1.070 0.315 0.745 0.690 4758 ANCOM 0.700 -0.040 3147.7 0.711 8.78 153.3
3.550 1.269 3.050 3.020 6556 ANNJOO 3.050 0.020 208 3.031 6.49 2.95 1,622.0
KLSE COMPOSITE 1,777.91 3.38 0.19 TECHNOLOGY 37.70 -0.26 -0.68 0.551 0.095 0.105 0.100 9342 ANZO 0.100 -0.005 4662.1 0.100 80.3
KLSE INDUSTRIAL 3,277.97 12.64 0.39 FTSE BURSA 100 12,282.09 13.90 0.11 1.100 0.825 1.030 1.030 5568 APB 1.030 UNCH 25.1 1.030 12.89 6.31 116.3
CONSUMER PRODUCT 628.70 0.81 0.13 FTSE BURSA MID 70 14,938.11 -18.64 -0.12 4.147 3.220 3.850 3.800 5015 APM 3.800 UNCH 31.6 3.829 14.93 3.95 766.1
1.240 0.735 1.080 1.050 7214 ARANK 1.080 0.010 245.5 1.065 7.31 2.78 129.6
INDUSTRIAL PRODUCT 156.40 0.45 0.29 FTSE BURSA SMALL CAP 17,140.37 -75.79 -0.44 1.290 0.671 1.160 1.130 7162 ASTINO 1.140 -0.020 1162.5 1.136 8.24 0.88 312.5
CONSTRUCTION 334.98 -0.01 Unch FTSE BURSA FLEDGLING 19,017.18 -84.85 -0.44 1.480 0.384 1.080 1.050 7099 ATTA 1.070 0.030 1736.3 1.064 4.19 7.30 122.6
TRADE & SERVICES 231.00 -0.03 -0.01 FTSE BURSA EMAS 12,629.54 9.67 0.08 1.110 0.270 7181 ATURMJU 0.295 18.0
2.550 1.452 8133 BHIC 2.200 5.49 1.36 546.6
KLSE FINANCIAL 16,839.57 16.71 0.10 FTSE BUR MSIA ACE 6,526.12 -50.29 -0.76 0.570 0.390 0.425 0.410 7005 BIG 0.410 -0.010 18 0.413 19.7
KLSE PROPERTY 1,250.89 0.37 0.03 FTSE BUR EMAS SHARIAH 12,753.73 9.72 0.08 0.580 0.095 0.530 0.510 7187 BKOON 0.510 -0.015 3609.7 0.519 141.1
KLSE PLANTATION 7,872.68 21.90 0.28 FTSE BUR HIJRAH SHARIAH 13,982.06 10.78 0.08 1.110 0.755 0.900 0.890 168 BOILERM 0.890 -0.010 100.7 0.893 19.91 1.69 459.2
2.425 1.610 1.610 1.610 6297 BOXPAK 1.610 UNCH 8 1.610 193.3
KLSE MINING 506.61 Unch Unch FTSE/ASEAN 40 10,377.89 -31.65 -0.30 1.600 1.293 1.380 1.370 5100 BPPLAS 1.370 -0.010 46 1.376 16.37 5.84 257.1
0.400 0.300 0.325 0.310 9938 BRIGHT 0.320 0.005 311.5 0.321 52.6
0.675 0.210 0.570 0.555 7221 BSLCORP 0.555 -0.005 760.1 0.560 7.39 54.4
0.365 0.210 0.250 0.245 7188 BTM 0.245 -0.010 25.8 0.246 55.68 30.7
3.785 3.182 3.400 3.350 5105 CANONE 3.390 -0.010 120.7 3.371 7.20 1.18 651.4
0.035 0.005 5229 CAP 0.010 13.6

Bursa Malaysia Main Market 2.168 1.883 2.020

1.810 0.782 1.550
1.800 1.450
2.000
1.520

7076
2879
8435
CBIP
CCM
CEPCO
2.010
1.550
1.750
UNCH
-0.010

247.6
660.9

2.009
1.532

9.03
57.84

2.99
3.23

1,081.9
709.3
78.4
1.210 1.020 8044 CFM 1.210 49.6
YEAR YEAR DAY DAY CODE COUNTER CLOSING +/ VOL VWAP* PE# DY MKT CAP 1.930 1.376 1.910 1.900 5007 CHINWEL 1.900 UNCH 95.7 1.902 9.91 4.21 569.1
HIGH LOW HIGH LOW (RM) (RM) (000) (RM) (X) (%) (MIL) 2.400 1.344 2.010 1.960 5797 CHOOBEE 2.010 0.050 160.4 1.983 6.55 2.99 220.9
CONSUMER PRODUCTS 1.150 0.700 8052 CICB 1.110 28.24 55.5
0.795 0.495 0.515 0.515 7120 ACOSTEC 0.515 UNCH 10 0.515 643.75 4.85 91.6 0.075 0.050 0.055 0.050 7018 CME 0.050 UNCH 110 0.051 24.3
4.887 3.595 7090 AHEALTH 4.730 15.72 2.43 554.1 4.628 3.476 4.000 3.850 2852 CMSB 3.970 -0.030 516.6 3.959 22.34 1.59 4,265.3
26.200 12.677 26.200 25.980 2658 AJI 26.200 0.220 98.2 26.082 8.50 1.60 1,592.9 0.540 0.200 7986 CNASIA 0.400 0.79 18.2
0.380 0.210 7051 AMTEK 0.305 15.2 1.559 1.241 1.330 1.290 5071 COASTAL 1.290 -0.030 398.5 1.303 14.73 1.55 685.8
6.007 4.970 5.100 5.100 6432 APOLLO 5.100 UNCH 0.5 5.100 22.87 4.90 408.0 1.150 0.665 0.855 0.840 7195 COMCORP 0.850 -0.010 228.1 0.847 8.01 119.0
1.110 0.800 7722 ASIABRN 0.940 74.4 0.985 0.625 0.970 0.950 2127 COMFORT 0.950 -0.010 4522.4 0.956 10.92 530.9
3.951 3.140 3.290 3.280 7129 ASIAFLE 3.290 UNCH 14 3.286 11.31 4.86 640.8 2.156 1.255 1.720 1.690 5094 CSCSTEL 1.720 -0.010 43.5 1.705 9.23 5.81 653.6
49.788 39.606 44.880 44.380 4162 BAT 44.660 UNCH 169.4 44.665 16.69 4.81 12,751.8 0.015 0.005 22 CYBERT 0.005 0.5
0.120 0.035 0.080 0.075 7243 BIOOSMO 0.080 UNCH 539 0.077 63.6 0.829 0.680 0.685 0.680 7157 CYL 0.680 -0.005 5.6 0.685 53.97 5.88 68.0
0.740 0.540 0.565 0.555 9288 BONIA 0.560 0.010 261.1 0.562 16.09 2.23 451.5 0.405 0.280 5082 CYMAO 0.315 23.6
0.992 0.483 0.950 0.900 7174 CAB 0.915 -0.045 2440.1 0.923 12.10 0.35 558.7 2.380 1.692 2.200 2.180 8125 DAIBOCI 2.200 0.020 40.8 2.195 30.22 2.00 721.4
0.540 0.460 0.475 0.460 7154 CAELY 0.475 UNCH 93.2 0.465 6.99 2.11 38.0 1.510 0.315 1.240 1.230 8176 DENKO 1.230 0.010 102.7 1.232 128.5
0.340 0.260 7128 CAMRES 0.285 28.79 3.51 56.1 0.330 0.220 0.290 0.285 7114 DNONCE 0.285 UNCH 184.1 0.286 51.9
15.200 13.107 14.920 14.800 2836 CARLSBG 14.820 -0.080 9.6 14.829 21.64 4.86 4,531.2 0.435 0.270 0.275 0.270 5835 DOLMITE 0.270 -0.005 86 0.272 122.73 73.8
1.028 0.519 1.000 0.970 7035 CCK 0.970 -0.005 1526.7 0.985 12.90 2.06 305.9 0.430 0.250 5835PA DOLMITE-PA 0.270 3.1
2.388 1.867 2.040 2.020 7148 CCMDBIO 2.040 UNCH 117.1 2.036 19.92 3.19 569.1 0.520 0.155 0.260 0.235 5265 DOLPHIN 0.245 0.005 9331.7 0.249 54.4
2.700 2.250 2.330 2.320 2828 CIHLDG 2.330 -0.020 5 2.326 15.50 2.15 377.5 1.310 1.046 1.260 1.250 7169 DOMINAN 1.260 UNCH 81.1 1.250 9.06 3.97 208.0
0.050 0.020 0.030 0.025 5188 CNOUHUA 0.025 -0.005 235 0.029 16.7 1.860 0.920 1.680 1.660 1619 DRBHCOM 1.680 0.030 1310.4 1.672 0.60 3,247.8
3.200 1.745 3.080 3.030 7205 COCOLND 3.030 -0.040 246.6 3.052 15.43 5.12 693.3 1.606 0.540 1.410 1.360 7233 DUFU 1.380 0.010 1212.6 1.389 8.33 3.26 242.1
1.960 1.462 1.830 1.820 7202 CSCENIC 1.820 UNCH 27.5 1.826 17.15 6.04 219.3 0.985 0.795 0.805 0.800 8907 EG 0.800 UNCH 466.3 0.802 7.47 169.3
0.095 0.055 0.060 0.055 5214 CSL 0.060 0.005 635.1 0.055 7.59 74.6 1.100 0.860 9016 EKSONS 0.950 156.0
0.810 0.660 0.670 0.660 9423 CWG 0.670 -0.010 84 0.668 3.71 5.22 56.4 0.927 0.510 0.805 0.750 7217 EMETALL 0.785 0.045 7528.3 0.785 18.00 3.18 134.4
0.060 0.025 0.030 0.025 7179 DBE 0.025 -0.005 461.7 0.027 83.33 34.5 0.885 0.500 7773 EPMB 0.600 1.67 99.6
1.000 0.740 7119 DEGEM 0.940 11.26 2.66 126.0 0.443 0.367 0.390 0.385 190 ESAFE 0.385 UNCH 193.8 0.386 11.81 92.6
62.204 52.364 59.300 58.060 3026 DLADY 59.280 0.080 3.9 59.044 25.79 1.69 3,793.9 1.115 0.719 0.855 0.830 5101 EVERGRN 0.835 -0.005 9003.6 0.838 11.22 2.40 706.8
0.115 0.070 0.085 0.080 7198 DPS 0.080 -0.005 289 0.084 800.0 47.0 0.912 0.580 0.600 0.585 7249 EWEIN 0.600 UNCH 283.6 0.593 13.54 0.83 181.0
0.105 0.020 0.080 0.075 7182 EKA 0.080 0.005 2090 0.079 25.0 1.380 1.011 1.270 1.250 2984 FACBIND 1.250 -0.020 16 1.259 11.14 2.00 106.5
0.360 0.140 0.240 0.235 9091 EMICO 0.240 UNCH 91 0.239 14.29 23.0 3.020 2.270 2.890 2.850 7229 FAVCO 2.890 0.010 167.8 2.863 8.40 5.19 639.9
1.967 1.372 1.460 1.430 7149 ENGKAH 1.460 -0.060 6 1.445 42.57 4.11 103.3 0.800 0.495 0.615 0.600 149 FIBON 0.605 0.010 126 0.606 13.78 2.07 59.3
0.270 0.195 0.195 0.195 7208 EURO 0.195 UNCH 189.7 0.195 25.32 47.4 2.410 2.020 2.380 2.360 3107 FIMACOR 2.370 0.010 226.7 2.369 15.16 5.27 581.3
0.800 0.630 7094 EUROSP 0.760 35.19 33.8 1.870 1.368 1.870 1.840 5197 FLBHD 1.850 0.020 1170.6 1.853 8.63 8.11 190.9
26.000 21.887 24.740 24.380 3689 F&N 24.680 -0.060 79.9 24.661 25.59 2.33 9,052.1 1.420 1.330 1.340 1.340 3611 GBH 1.340 UNCH 2.3 1.340 152.27 250.0
1.205 0.815 2755 FCW 1.000 82.64 1.50 250.0 2.470 1.450 2.190 2.140 7197 GESHEN 2.160 UNCH 178.4 2.159 10.16 172.8
0.870 0.620 0.695 0.675 8605 FFHB 0.675 0.005 146.9 0.686 11.34 1.78 73.6 0.085 0.040 0.060 0.055 5220 GLOTEC 0.055 UNCH 3856.5 0.056 296.0
1.220 0.693 1.180 1.150 9172 FPI 1.150 -0.020 583.1 1.163 13.13 5.22 284.5 0.735 0.220 0.240 0.230 7192 GOODWAY 0.240 -0.005 80 0.236 26.5
2.070 0.900 1.870 1.720 7184 G3 1.720 -0.070 3 1.820 236.5 0.135 0.085 0.095 0.090 7096 GPA 0.095 -0.005 310.1 0.095 11.73 93.1
1.670 0.858 1.670 1.630 5102 GCB 1.640 0.030 1813.2 1.648 22.65 0.91 787.5 0.425 0.255 0.295 0.295 5649 GPHAROS 0.295 -0.005 14 0.295 39.7
2.999 2.334 2.720 2.700 5606 GOLDIS 2.710 -0.070 8 2.709 7.95 0.74 1,656.9 0.245 0.195 136 GREENYB 0.200 38.46 3.00 66.7
0.110 0.030 5187 HBGLOB 0.050 23.4 0.145 0.085 0.105 0.105 7077 GSB 0.105 UNCH 100 0.105 55.4
19.100 15.038 18.140 18.000 3255 HEIM 18.100 0.100 23.8 18.039 20.09 6.35 5,468.0 1.050 0.749 0.950 0.935 3247 GUH 0.940 0.005 100.2 0.943 13.30 3.72 261.2
10.600 8.426 10.100 10.000 3301 HLIND 10.080 0.040 122.5 10.049 11.22 3.47 3,305.3 1.180 0.235 0.850 0.810 5151 HALEX 0.825 -0.025 348.7 0.829 87.5
1.019 0.831 0.970 0.970 5160 HOMERIZ 0.970 UNCH 105 0.970 10.21 2.06 291.0 7.400 4.035 7.260 7.090 5168 HARTA 7.170 0.040 617.6 7.182 41.61 1.12 11,795.3
0.405 0.240 0.335 0.330 7213 HOVID 0.330 UNCH 1137.6 0.332 24.09 3.03 270.9 1.320 0.935 0.980 0.945 7105 HCK 0.945 -0.025 274.1 0.953 429.55 398.0
1.280 1.113 1.210 1.200 5024 HUPSENG 1.210 UNCH 79.2 1.208 20.44 3.31 968.0 8.480 1.990 8.480 8.000 4324 HENGYUAN 8.310 0.340 4341.3 8.281 4.86 2,493.0
0.630 0.450 0.475 0.475 8478 HWATAI 0.475 0.005 10 0.475 169.64 35.5 1.780 0.983 1.760 1.730 5095 HEVEA 1.750 0.020 3073.3 1.752 9.86 4.06 947.6
4.880 1.865 4.820 4.660 5107 IQGROUP 4.800 -0.030 344.6 4.705 14.73 2.29 422.5 1.200 0.825 0.980 0.970 3298 HEXZA 0.970 -0.005 130.9 0.975 7.05 4.64 194.4
1.570 0.982 1.570 1.510 7152 JAYCORP 1.520 0.010 638.9 1.539 9.27 3.29 208.6 0.410 0.260 0.400 0.370 5072 HIAPTEK 0.390 0.015 18575.7 0.388 13.13 0.77 510.8
0.740 0.505 8931 JERASIA 0.580 8.24 47.6 0.560 0.180 0.420 0.410 5199 HIBISCS 0.410 0.005 12115.2 0.414 4.69 592.0
2.618 1.470 1.560 1.470 5247 KAREX 1.480 -0.070 4123.1 1.502 39.89 1.35 1,483.5 1.276 0.840 7033 HIGHTEC 1.020 6.91 3.43 41.4
5.070 3.153 4.850 4.830 7216 KAWAN 4.830 -0.020 19.5 4.843 35.10 0.52 1,302.4 1.226 0.697 1.090 1.050 8443 HIL 1.050 UNCH 44.9 1.069 17.83 1.43 292.6
0.260 0.040 8303 KFM 0.150 10.2 0.405 0.270 5165 HOKHENG 0.350 35.35 28.0
0.920 0.716 0.765 0.750 6203 KHEESAN 0.765 0.010 16 0.753 16.38 1.31 79.6 0.055 0.020 0.035 0.035 2739 HUAAN 0.035 UNCH 53.5 0.035 39.3
2.700 1.990 7062 KHIND 2.260 11.21 4.42 90.5 3.385 2.130 2.230 2.220 5000 HUMEIND 2.220 0.010 26.8 2.223 41.65 0.90 1,063.6
2.210 0.995 2.000 1.980 2 KOTRA 1.990 UNCH 27 1.990 19.78 1.01 265.5 0.075 0.045 0.050 0.045 9601 HWGB 0.050 0.005 427.3 0.046 49.9
0.140 0.050 0.075 0.075 5172 KSTAR 0.075 UNCH 10 0.075 22.0 0.890 0.720 0.750 0.735 9687 IDEALUBB 0.735 -0.065 7 0.739 5.38 81.2
6.000 4.509 5.250 5.190 7006 LATITUD 5.220 -0.010 42.3 5.229 6.82 2.30 507.4 2.070 1.690 1.890 1.870 7222 IMASPRO 1.880 -0.010 68 1.878 18.93 1.86 150.4
0.950 0.785 0.915 0.905 9385 LAYHONG 0.915 UNCH 631.7 0.914 30.40 0.55 557.0 0.300 0.160 0.180 0.165 7183 IRETEX 0.180 0.015 412 0.168 24.9
0.377 0.261 0.320 0.320 8079 LEESK 0.320 0.005 46.9 0.320 11.35 3.13 53.7 0.085 0.055 0.055 0.055 7223 JADI 0.055 -0.005 1081 0.055 51.8
3.450 2.729 3.450 3.360 7089 LIIHEN 3.440 0.070 1216.8 3.417 8.34 4.65 619.2 0.175 0.135 0.140 0.140 8648 JASKITA 0.140 UNCH 770 0.140 7.14 62.9
0.820 0.710 0.755 0.745 7126 LONBISC 0.750 UNCH 80.5 0.750 9.68 139.9 0.110 0.030 2747 JAVA 0.035 6.1
1.890 1.212 1.600 1.600 7085 LTKM 1.600 0.050 11 1.600 17.32 1.88 208.2 1.120 0.892 1.090 1.090 7043 JMR 1.090 UNCH 0.1 1.090 167.69 2.75 138.2
7.920 3.722 7.570 7.440 7087 MAGNI 7.500 -0.100 384.2 7.488 10.16 1.87 1,220.5 1.729 0.825 1.510 1.470 7167 JOHOTIN 1.480 -0.030 283 1.487 7.34 1.78 411.6
0.045 0.010 0.020 0.015 5189 MAXWELL 0.015 UNCH 485 0.015 6.0 1.460 1.064 1.130 1.110 4383 JTIASA 1.110 -0.020 367.7 1.117 14.18 1.17 1,080.8
1.266 0.974 1.020 1.020 5886 MBG 1.020 -0.020 4.8 1.020 23.78 2.94 62.0 0.310 0.160 0.280 0.270 54 KARYON 0.270 -0.005 3121.7 0.271 25.47 128.4
2.500 1.285 2.470 2.370 3662 MFLOUR 2.430 0.060 559.4 2.434 15.18 2.67 1,337.2 0.870 0.680 0.810 0.785 7199 KEINHIN 0.810 0.065 126.8 0.799 11.38 1.85 80.2
0.980 0.800 7935 MILUX 0.840 45.7 0.515 0.335 0.350 0.335 6211 KIALIM 0.335 -0.025 31.9 0.345 20.7
5.005 3.950 4.000 4.000 5202 MSM 4.000 UNCH 0.4 4.000 104.99 3.50 2,811.9 3.009 2.733 2.940 2.940 3522 KIANJOO 2.940 -0.010 29 2.940 9.66 1.36 1,305.9
0.035 0.030 5150 MSPORTS 0.035 21.2 2.363 1.511 1.940 1.910 5371 KIMHIN 1.940 0.010 55.5 1.923 8.39 3.09 301.9
1.826 1.184 1.440 1.380 3921 MWE 1.430 -0.020 88.1 1.413 2.48 1.40 331.1 0.085 0.025 0.045 0.040 5060 KINSTEL 0.040 UNCH 292 0.041 42.0
85.200 72.962 84.200 83.780 4707 NESTLE 84.000 0.200 82.4 84.008 30.45 3.21 19,698.0 1.590 1.070 1.090 1.070 9466 KKB 1.080 0.010 37 1.078 3.70 278.4
4.880 2.866 3.750 3.670 7060 NHFATT 3.730 0.030 35.4 3.691 10.86 2.95 280.3 0.455 0.235 0.240 0.235 7164 KNM 0.235 -0.005 3730.5 0.235 506.7
0.130 0.070 0.090 0.085 7139 NICE 0.090 UNCH 13 0.085 25.71 30.0 1.129 0.751 0.900 0.900 6971 KOBAY 0.900 -0.020 10.2 0.900 14.52 91.9
0.315 0.240 0.245 0.240 7215 NIHSIN 0.240 -0.005 148.7 0.244 57.2 0.367 0.240 0.250 0.245 7017 KOMARK 0.250 -0.005 78.6 0.250 31.2
0.905 0.775 0.780 0.775 5066 NTPM 0.775 -0.005 108.4 0.779 17.61 3.10 870.5 7.360 5.565 7.260 7.130 7153 KOSSAN 7.150 0.030 1419.9 7.150 28.16 1.54 4,572.2
0.690 0.345 0.575 0.560 7071 OCR 0.565 UNCH 69.2 0.566 145.3 1.110 0.345 0.980 0.950 7130 KPOWER 0.980 UNCH 655 0.975 55.2
0.250 0.045 0.115 0.105 7071PA OCR-PA 0.110 -0.005 6904.7 0.112 70.9 5.118 4.606 5.100 5.000 3476 KSENG 5.000 -0.040 24.5 5.009 12.83 2.00 1,807.4
2.389 1.353 1.600 1.600 7107 OFI 1.600 -0.010 6 1.600 21.05 2.50 384.0 0.580 0.346 0.545 0.535 5192 KSSC 0.535 -0.010 237.3 0.538 9.69 2.80 51.4
7.300 6.315 6.700 6.610 4006 ORIENT 6.690 0.050 47.9 6.624 15.01 2.99 4,150.4 0.775 0.295 0.650 0.640 8362 KYM 0.645 UNCH 229.6 0.641 24.71 96.7
4.030 2.222 4.030 3.790 7052 PADINI 3.980 0.180 1810.8 3.959 16.86 2.51 2,618.5 8.400 5.060 5.770 5.720 3794 LAFMSIA 5.750 -0.010 402.2 5.751 727.85 3.48 4,885.7
37.709 30.120 37.080 37.020 3719 PANAMY 37.020 -0.060 6.2 37.021 17.71 3.16 2,248.8 0.940 0.549 0.760 0.750 9326 LBALUM 0.755 -0.005 362.1 0.756 10.44 2.65 187.6
0.774 0.510 0.540 0.540 5022 PAOS 0.540 -0.030 3 0.540 52.43 3.02 97.8 0.614 0.448 0.520 0.510 5092 LCTH 0.510 -0.010 130.1 0.515 12.94 4.90 183.6
0.650 0.300 0.440 0.435 9407 PARAGON 0.435 -0.045 5 0.438 19.33 30.5 6.530 4.140 4.450 4.340 5284 LCTITAN 4.340 -0.090 8415.4 4.388 6.73 10,015.8
0.660 0.310 0.500 0.475 6068 PCCS 0.500 0.025 19 0.489 30.0 0.844 0.422 0.770 0.750 5232 LEONFB 0.750 -0.010 1476 0.759 6.48 2.00 232.5
1.060 0.710 0.870 0.845 5231 PELIKAN 0.870 -0.010 22 0.852 177.55 481.4 0.440 0.100 0.280 0.275 8745 LEWEKO 0.275 -0.005 272.2 0.275 88.5
0.235 0.145 0.185 0.185 4081 PMCORP 0.185 -0.005 24.3 0.185 10.28 143.1 0.080 0.020 0.040 0.035 2887 LIONDIV 0.040 0.005 897.4 0.039 55.7
0.515 0.441 0.500 0.495 5080 POHKONG 0.500 0.005 67 0.499 11.36 2.00 205.2 1.280 0.275 1.150 1.120 4235 LIONIND 1.140 0.010 2281.3 1.135 818.4
2.060 1.451 2.060 2.000 7088 POHUAT 2.030 0.040 1890.3 2.032 7.56 3.94 460.7 0.665 0.290 0.630 0.595 9881 LSTEEL 0.600 UNCH 3279.9 0.613 8.67 76.8
17.300 15.159 16.940 16.880 4065 PPB 16.940 0.020 411.8 16.909 17.36 1.48 20,082.4 0.160 0.050 0.120 0.115 5068 LUSTER 0.115 UNCH 8091.8 0.120 227.2
0.720 0.499 0.620 0.620 7190 PPG 0.620 -0.005 50.9 0.620 11.92 2.23 62.0 3.875 3.336 9199 LYSAGHT 3.730 9.89 1.88 155.1
1.659 1.240 1.270 1.250 8966 PRLEXUS 1.260 -0.020 212.2 1.258 8.85 2.38 226.8 1.280 0.560 1.070 1.030 5098 MASTEEL 1.070 0.020 989.9 1.054 8.49 262.5
1.170 0.636 1.140 1.080 7134 PWF 1.080 -0.030 862.9 1.114 18.15 2.52 180.8 0.855 0.475 0.650 0.640 7029 MASTER 0.640 -0.010 69 0.643 11.19 1.56 35.0
2.705 1.840 2.200 2.190 7237 PWROOT 2.190 UNCH 36.2 2.191 15.42 5.25 722.4 1.170 0.911 1.080 1.050 5152 MBL 1.080 0.010 9.2 1.052 7.83 3.70 99.4
5.000 4.143 4.990 4.980 7084 QL 4.990 0.010 88.4 4.984 31.76 0.85 6,227.7 0.870 0.618 0.815 0.780 7004 MCEHLDG 0.815 0.005 23.4 0.789 21.39 1.84 36.2
2.360 1.457 2.350 2.330 9946 REX 2.350 0.030 73.2 2.341 104.91 0.85 144.9 0.660 0.285 0.290 0.285 3778 MELEWAR 0.290 0.005 531.4 0.289 65.4
1.890 1.060 1.500 1.470 183 SALUTE 1.480 -0.020 77.3 1.481 22.70 1.62 574.2 0.789 0.478 0.665 0.665 5223 MENTIGA 0.665 0.005 16 0.665 9.42 1.50 46.6
1.609 1.000 1.340 1.310 5252 SASBADI 1.330 0.020 122.4 1.328 22.62 1.69 371.6 1.426 1.062 1.300 1.300 8192 MERCURY 1.300 0.030 6.1 1.300 13.76 9.23 52.2
0.465 0.275 0.465 0.450 5157 SAUDEE 0.455 0.005 1124.3 0.457 505.5 54.6 1.837 1.596 6149 METROD 1.710 17.57 3.51 205.2
1.430 1.000 7180 SERNKOU 1.390 166.8 1.068 0.333 0.920 0.910 5001 MIECO 0.920 -0.005 1139.2 0.917 6.20 4.35 483.0
0.845 0.580 0.690 0.645 7165 SGB 0.660 0.005 26 0.669 112.9 0.150 0.075 0.140 0.135 7219 MINETEC 0.135 UNCH 1341 0.136 98.8
0.270 0.060 0.240 0.235 7165PA SGB-PA 0.235 -0.005 126 0.235 105.1 0.740 0.515 0.525 0.525 5576 MINHO 0.525 0.005 6 0.525 9.04 115.3
2.065 1.480 1.540 1.500 7412 SHH 1.540 0.030 47 1.505 14.58 6.49 77.0 4.403 2.707 4.120 4.120 5916 MSC 4.120 0.020 1 4.120 15.37 1.94 412.0
1.070 0.800 0.890 0.875 7246 SIGN 0.875 -0.025 366.1 0.886 4.86 5.71 210.3 2.011 1.373 1.490 1.470 3883 MUDA 1.470 -0.020 106.5 1.477 17.33 2.04 448.4
0.915 0.194 0.690 0.680 8532 SINOTOP 0.680 -0.005 99.4 0.682 50.37 268.5 1.200 0.445 0.775 0.750 5087 MYCRON 0.775 UNCH 218.3 0.763 6.05 219.7
0.865 0.610 0.680 0.610 9776 SMCAP 0.615 UNCH 107.6 0.616 32.20 37.6 0.240 0.035 7002 NAKA 0.110 6.1
0.385 0.200 0.330 0.320 7943 SNC 0.330 UNCH 51 0.330 44.00 21.8 0.385 0.150 0.155 0.150 5025 NWP 0.155 -0.005 926.1 0.155 56.0
2.548 2.155 2.320 2.310 7103 SPRITZER 2.320 UNCH 10 2.316 16.85 2.50 423.6 1.190 0.535 1.010 0.990 4944 NYLEX 0.995 -0.005 1404.3 0.998 9.51 2.01 193.4
1.500 1.020 1.080 1.080 7186 SWSCAP 1.080 UNCH 15 1.080 166.15 0.93 157.5 1.940 1.125 1.840 1.830 7140 OKA 1.840 UNCH 129.2 1.835 10.34 2.99 300.4
0.669 0.480 0.490 0.480 7082 SYF 0.485 0.005 496.8 0.486 7.77 2.06 300.3 1.340 0.865 1.230 1.210 5065 ORNA 1.210 -0.020 175.6 1.216 9.74 2.48 91.1
0.505 0.280 7211 TAFI 0.420 33.6 0.085 0.055 0.060 0.060 7225 PA 0.060 UNCH 50 0.060 56.8
1.979 1.651 1.690 1.670 4405 TCHONG 1.670 -0.010 39 1.679 1.20 1,122.2 7.800 6.338 7.080 7.000 5183 PCHEM 7.030 0.020 2211.3 7.025 15.51 2.70 56,240
1.402 0.505 0.565 0.550 7200 TEKSENG 0.555 UNCH 610.6 0.556 10.30 3.60 193.2 2.020 1.454 1.540 1.500 5271 PECCA 1.520 UNCH 58.8 1.522 19.14 2.63 285.8
1.250 0.865 7252 TEOSENG 0.885 17.39 1.69 265.5 0.801 0.605 0.700 0.650 9997 PENSONI 0.690 0.040 1407.5 0.679 14.08 4.35 89.5
1.510 1.239 1.340 1.330 9369 TGL 1.330 -0.170 4.8 1.336 17.78 5.64 54.2 7.901 5.649 6.280 6.000 5436 PERSTIM 6.040 -0.250 128.4 6.051 10.88 6.62 599.8
0.620 0.400 0.600 0.590 7230 TOMEI 0.590 UNCH 20.2 0.590 14.57 81.8 21.925 17.949 18.880 18.760 6033 PETGAS 18.860 0.160 186.2 18.85 21.27 3.34 37,318.9
0.560 0.390 7176 TPC 0.405 43.55 94.7 9.900 3.416 9.900 9.700 3042 PETRONM 9.710 -0.050 388.7 9.773 7.96 2.27 2,621.7
6.461 4.089 5.690 5.590 4588 UMW 5.690 0.090 149.5 5.607 3.51 6,647.6 2.476 1.595 2.270 2.230 7095 PIE 2.260 -0.010 163 2.255 19.04 1.06 867.9
2.480 1.934 2.410 2.390 7757 UPA 2.390 -0.020 4.2 2.404 5.71 3.35 190.2 2.580 1.277 2.200 2.180 7172 PMBTECH 2.180 0.040 23.5 2.193 15.82 1.83 174.4
1.668 0.677 1.480 1.400 7203 WANGZNG 1.470 0.020 173.5 1.411 12.79 2.72 235.2 2.977 2.530 2.870 2.830 8869 PMETAL 2.860 0.020 2329 2.849 19.56 1.77 10,678.3
0.325 0.080 0.260 0.250 5156 XDL 0.255 0.010 624.6 0.253 28.65 171.8 0.575 0.450 0.500 0.500 6637 PNEPCB 0.500 -0.005 12.5 0.500 13.19 65.7
0.615 0.360 0.585 0.570 7121 XIANLNG 0.585 0.015 116.5 0.578 42.5 0.995 0.270 0.470 0.445 8117 POLY 0.455 0.010 188.5 0.458 2.30 72.8
0.185 0.020 5155 XINQUAN 0.055 26.7 1.670 0.920 1.580 1.520 8273 PPHB 1.520 -0.040 87.6 1.538 9.36 167.0
2.822 2.175 2.430 2.400 5584 YEELEE 2.400 -0.010 94 2.418 11.49 1.88 459.3 0.365 0.250 9458 PREMIER 0.275 229.1 92.7
1.560 1.034 1.480 1.450 5159 YOCB 1.450 -0.010 71.2 1.457 9.97 2.76 232.0 1.370 0.501 1.290 1.260 9873 PRESTAR 1.260 -0.010 408.5 1.266 7.41 2.38 255.3
3.190 1.744 3.190 3.130 7178 YSPSAH 3.130 0.030 815.4 3.149 13.39 2.24 427.7 1.110 0.635 1.040 1.020 7168 PRG 1.030 UNCH 85 1.031 85.83 0.49 308.0
1.957 1.160 1.700 1.670 5131 ZHULIAN 1.670 -0.030 92.6 1.689 14.41 3.59 768.2 0.330 0.085 0.235 0.220 7123 PWORTH 0.225 -0.005 8659.9 0.226 86.54 209.4
INDUSTRIAL PRODUCTS 1.380 1.070 1.070 1.070 7544 QUALITY 1.070 -0.070 2 1.070 62.0
1.420 0.922 1.360 1.330 12 3A 1.350 -0.010 1059 1.342 15.61 1.07 664.2 0.800 0.510 7498 RALCO 0.700 29.4
0.210 0.085 0.135 0.135 7086 ABLEGRP 0.135 UNCH 136.3 0.135 35.6 5.840 5.310 7765 RAPID 5.650 773.9 604.0
0.400 0.200 0.355 0.310 7131 ACME 0.355 0.045 49.8 0.344 77.6 0.745 0.400 0.410 0.400 5256 REACH 0.405 UNCH 1008.1 0.403 17.92 444.0
0.900 0.630 0.700 0.655 7191 ADVENTA 0.700 0.030 30.4 0.656 3500 107.0 0.655 0.390 0.545 0.530 7232 RESINTC 0.530 -0.010 248.7 0.535 8.04 2.26 72.7
2.694 2.045 2.200 2.200 9148 ADVPKG 2.200 UNCH 2.2 2.200 18.29 5.45 45.1 1.250 0.595 1.200 1.150 9741 ROHAS 1.150 -0.050 178.7 1.178 459.8
0.220 0.135 0.180 0.175 7146 AEM 0.175 UNCH 616.8 0.175 52.4 0.834 0.716 0.790 0.780 7803 RUBEREX 0.790 0.005 400 0.790 8.80 1.58 199.2
0.500 0.365 0.420 0.400 5198 AFUJIYA 0.420 UNCH 22 0.402 23.33 75.6 5.250 3.693 4.840 4.810 5134 SAB 4.840 0.020 19.2 4.819 13.62 1.03 662.8
0.635 0.405 0.435 0.425 2682 AISB 0.425 -0.025 17.2 0.432 12.65 61.4 8.490 4.773 8.180 8.050 9822 SAM 8.140 0.080 55.5 8.117 22.34 1.26 1,024.9
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
26 Markets T UESDAY AU G U ST 8, 2 0 17 TH EEDGE F I N AN C I AL DAI LY T UE

BURSA MAL AYSIA MAIN MARKET

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/ VOL VWAP* PE# DY MKT CAP YEAR YEAR DAY DAY CODE COUNTER CLOSING +/ VOL VWAP* PE# DY MKT CAP
HIGH LOW HIGH LOW (RM) (RM) (000) (RM) (X) (%) (MIL) HIGH LOW HIGH LOW (RM) (RM) (000) (RM) (X) (%) (MIL)
0.979 0.826 0.960 0.950 7811 SAPIND 0.960 UNCH 7 0.957 11.35 6.25 69.9 1.508 1.102 1.260 1.250 5056 ENGTEX 1.260 -0.010 272.8 1.251 6.22 0.79 457.4 1
1.325 0.984 1.070 1.050 5170 SCABLE 1.050 -0.020 56 1.057 17.16 2.86 332.9 0.624 0.370 0.530 0.520 6939 FIAMMA 0.520 -0.010 259.9 0.524 10.59 2.88 275.6 0
3.450 2.049 3.210 3.100 7247 SCGM 3.110 -0.090 168 3.115 18.11 1.93 602.1 0.440 0.380 0.400 0.395 9318 FITTERS 0.400 UNCH 260 0.395 1.50 192.2 0
0.740 0.520 9237 SCIB 0.550 30.39 44.5 1.468 1.084 1.250 1.220 7210 FREIGHT 1.250 0.020 14 1.241 10.76 4.00 232.7 0
8.928 5.880 8.610 8.580 4731 SCIENTX 8.600 -0.010 207.1 8.593 18.85 1.86 4,158.6 0.425 0.135 0.425 0.275 128 FRONTKN 0.330 -0.080 178809 0.363 13.10 347.6 0
0.345 0.250 0.310 0.285 7239 SCNWOLF 0.310 0.020 33 0.296 27.1 0.290 0.150 0.205 0.195 9377 FSBM 0.205 0.010 32 0.196 29.0 1
0.525 0.135 7366 SCOMIEN 0.255 87.2 3.096 2.244 2.990 2.970 5209 GASMSIA 2.980 UNCH 767.2 2.981 22.84 4.32 3,826.3 1
1.660 0.660 1.370 1.310 7073 SEACERA 1.370 0.060 2440.7 1.340 72.87 2.19 337.1 0.820 0.615 0.675 0.665 78 GDEX 0.670 0.005 1746.4 0.671 95.71 0.37 3,736.1 1
0.230 0.140 0.155 0.155 5145 SEALINK 0.155 -0.005 100 0.155 77.5 6.302 4.138 6.080 6.030 4715 GENM 6.050 UNCH 3020.5 6.058 11.25 1.52 35,925.2 1
0.765 0.250 0.615 0.600 5163 SEB 0.615 UNCH 35 0.609 49.2 10.000 7.449 9.790 9.700 3182 GENTING 9.760 0.010 1651.9 9.762 13.87 0.61 37,242.5 2
1.170 0.388 1.170 1.020 5181 SIGGAS 1.170 0.180 13312 1.099 48.55 1.03 219.4 4.520 1.740 4.520 4.370 3204 GKENT 4.400 0.020 1939.4 4.447 15.78 2.27 1,652.3 1
1.040 0.550 7115 SKBSHUT 0.750 11.18 30.0 0.555 0.300 0.430 0.415 7676 GUNUNG 0.425 -0.015 321.1 0.423 100.4 2
1.450 1.121 1.420 1.370 7155 SKPRES 1.400 0.020 4882.3 1.399 15.68 2.96 1,750.3 4.390 1.873 4.150 4.110 7668 HAIO 4.130 -0.010 117.1 4.132 22.53 2.58 1,233.4 0
2.923 1.949 2.390 2.340 7248 SLP 2.340 -0.070 339.8 2.368 22.76 1.76 618.1 0.335 0.200 0.240 0.235 7253 HANDAL 0.240 UNCH 175.6 0.238 38.4 1
0.700 0.585 7132 SMISCOR 0.625 4.00 28.0 9.350 7.192 9.120 9.060 3034 HAPSENG 9.110 0.010 54.7 9.098 21.36 3.84 22,681.0 0
1.780 0.889 1.750 1.680 5665 SSTEEL 1.740 0.060 1030.5 1.714 1.72 746.6 1.053 0.670 0.695 0.685 2062 HARBOUR 0.685 -0.025 15.3 0.685 8.24 2.92 274.3 3
0.325 0.065 0.250 0.240 7143 STONE 0.250 -0.010 132.6 0.240 22.5 4.077 2.834 4.000 3.950 5008 HARISON 3.980 0.050 3.3 3.955 12.88 6.28 272.6 1
1.550 1.340 1.360 1.340 6904 SUBUR 1.340 -0.020 191 1.348 280.1 0.150 0.050 0.060 0.055 7013 HUBLINE 0.060 UNCH 4343.1 0.060 66.3 1
4.320 1.535 3.560 3.500 7207 SUCCESS 3.500 -0.100 35 3.508 10.80 1.43 429.4 0.480 0.220 0.230 0.230 5255 ICON 0.230 -0.005 534.3 0.230 270.8 0
2.650 1.764 2.600 2.560 7235 SUPERLN 2.570 -0.020 165.5 2.577 17.20 1.07 411.2 6.696 5.512 6.000 5.900 5225 IHH 5.930 -0.070 1160.2 5.940 57.63 0.51 48,857.6 0
2.324 1.852 1.920 1.890 7106 SUPERMX 1.890 -0.010 888.8 1.900 21.55 1.32 1,285.5 0.920 0.710 0.745 0.745 5614 ILB 0.745 -0.025 1.1 0.745 57.31 3.36 145.3 0
4.210 3.317 3.640 3.600 5012 TAANN 3.620 -0.020 41.7 3.619 10.55 3.34 1,610.3 1.000 0.725 5673 IPMUDA 0.725 4.14 52.5 0
0.520 0.350 0.425 0.405 4022 TADMAX 0.405 UNCH 2927 0.417 218.1 2.166 1.325 1.830 1.810 58 JCBNEXT 1.810 0.030 40.1 1.818 28.46 1.10 253.4 1
0.415 0.235 0.290 0.275 5149 TAS 0.290 0.005 90 0.279 52.2 0.310 0.230 0.275 0.265 8923 JIANKUN 0.270 -0.005 26.9 0.275 45.0 0
14.658 12.135 13.260 13.260 4448 TASEK 13.260 0.260 2 13.260 109.50 9.05 1,639.2 0.390 0.295 0.355 0.355 8672 KAMDAR 0.355 UNCH 32 0.355 70.3 1
0.290 0.095 0.190 0.180 5178 TATGIAP 0.185 UNCH 221 0.185 28.7 0.330 0.180 0.195 0.195 5079 KBES 0.195 UNCH 15 0.195 24.6 0
1.330 0.290 1.330 1.260 7097 TAWIN 1.320 0.070 3314.3 1.298 17.51 84.9 1.960 1.690 1.870 1.850 6491 KFIMA 1.860 -0.010 41.5 1.858 17.29 4.84 525.0 1
2.920 1.020 1.670 1.670 7439 TECGUAN 1.670 -0.020 11 1.670 9.56 67.0 0.739 0.236 0.660 0.650 151 KGB 0.650 -0.010 490 0.652 13.57 1.54 149.4 2
4.803 3.817 4.210 4.170 7034 TGUAN 4.200 -0.050 57 4.198 8.29 2.86 556.4 1.680 1.020 5035 KNUSFOR 1.150 1.74 114.6 2
2.166 1.507 1.740 1.710 7374 TIENWAH 1.740 0.020 41.1 1.719 4.39 6.90 251.9 4.290 3.803 4.220 4.190 5878 KPJ 4.190 -0.030 83.5 4.204 30.23 1.67 4,475.5 0
0.800 0.560 0.625 0.625 7854 TIMWELL 0.625 -0.005 1 0.625 55.7 1.678 0.993 1.310 1.310 5843 KPS 1.310 UNCH 175.4 1.310 1091 4.77 653.7 3
1.080 0.595 1.020 1.010 7285 TOMYPAK 1.020 UNCH 573 1.011 17.00 3.14 427.4 0.590 0.485 0.535 0.535 9121 KPSCB 0.535 UNCH 5 0.535 10.92 79.1 0
3.780 1.731 3.780 3.580 5010 TONGHER 3.730 0.130 498.9 3.715 11.11 8.04 587.2 0.225 0.115 0.145 0.140 4847 KTB 0.145 UNCH 126.5 0.144 58.4 0
5.878 4.087 5.750 5.660 7113 TOPGLOV 5.660 -0.090 466.5 5.688 23.69 2.56 7,109.8 0.628 0.299 0.560 0.525 6874 KUB 0.545 0.020 12367 0.547 12.17 1.83 303.3 0
0.850 0.495 0.730 0.730 7173 TOYOINK 0.730 -0.020 5 0.730 78.1 0.380 0.240 0.260 0.250 7170 LFECORP 0.250 -0.010 222.8 0.255 26.60 45.4 1
0.230 0.145 0.215 0.190 4359 TURIYA 0.215 0.020 12.1 0.202 49.2 0.650 0.420 8486 LIONFIB 0.500 115.8 0
1.980 1.490 1.980 1.940 7100 UCHITEC 1.950 0.010 721.9 1.957 14.46 6.67 867.9 2.260 1.367 2.120 2.110 5143 LUXCHEM 2.110 UNCH 183.3 2.111 12.67 3.32 591.1 1
6.311 3.310 4.010 3.960 7133 ULICORP 3.990 -0.110 10.1 3.993 20.75 3.01 579.3 2.421 1.670 1.710 1.680 3859 MAGNUM 1.690 UNCH 763.8 1.696 15.88 7.69 2,429.8 2
1.425 1.150 7227 UMSNGB 1.270 9.20 2.36 101.6 1.700 1.010 1.100 1.040 5264 MALAKOF 1.040 0.020 30569.9 1.062 14.04 6.73 5,200.0 0
1.680 0.870 0.905 0.880 4995 VERSATL 0.885 -0.015 529.6 0.888 1475 103.8 0.179 0.140 0.145 0.140 3514 MARCO 0.145 UNCH 924.1 0.142 8.73 3.45 152.9 1
2.210 1.277 2.180 2.150 6963 VS 2.180 0.010 2509.6 2.167 19.68 2.22 2,624.4 6.549 5.415 5.790 5.750 6012 MAXIS 5.790 0.030 7204 5.784 20.89 3.45 45,222.9 1
1.010 0.750 0.990 0.980 5142 WASEONG 0.990 0.005 260 0.985 0.51 767.1 0.955 0.680 0.705 0.695 5077 MAYBULK 0.695 0.005 187 0.697 695.0 1
0.485 0.345 0.425 0.425 7226 WATTA 0.425 -0.010 129.7 0.425 35.9 2.636 2.054 2.200 2.200 5983 MBMR 2.200 UNCH 9.1 2.200 12.81 2.73 860.0 2
2.170 1.471 2.030 2.010 7111 WEIDA 2.020 -0.030 245.3 2.019 14.13 1.49 269.3 1.369 0.795 0.815 0.800 4502 MEDIA 0.805 0.005 294.2 0.809 9.94 892.9 1
2.349 1.741 2.190 2.160 7231 WELLCAL 2.180 0.030 85.1 2.173 21.31 4.22 723.7 0.729 0.495 0.540 0.535 5090 MEDIAC 0.540 0.005 187 0.538 13.60 5.69 911.1 1
0.525 0.229 0.435 0.415 6378 WMG 0.415 -0.020 163.2 0.430 176.9 1.070 0.550 0.850 0.850 7234 MESB 0.850 -0.040 1 0.850 35.7 0
0.845 0.600 0.720 0.710 7050 WONG 0.715 0.005 253.2 0.715 130.0 65.6 4.000 1.818 3.810 3.790 3069 MFCB 3.800 -0.030 82.3 3.796 9.95 1.32 1,527.8 1
0.700 0.475 7025 WOODLAN 0.550 14.55 22.0 1.160 0.680 0.700 0.680 5186 MHB 0.695 -0.005 361.5 0.697 1,112.0 0
2.084 1.836 1.970 1.960 5009 WTHORSE 1.970 -0.010 2 1.968 30.88 5.08 472.8 7.827 6.785 7.520 7.370 3816 MISC 7.500 0.100 1056.5 7.488 12.46 3.60 33,478.4 2
1.145 0.845 0.875 0.845 4243 WTK 0.860 0.010 176.1 0.850 85.15 2.33 414.0 2.606 2.114 2.400 2.350 2194 MMCCORP 2.350 UNCH 83 2.356 12.94 1.70 7,155.9 0
1.380 0.953 1.100 1.090 7245 WZSATU 1.090 -0.020 158.7 1.097 12.47 1.83 380.3 0.395 0.205 0.320 0.315 59 MMODE 0.315 UNCH 233.2 0.315 1.90 51.3 0
0.865 0.745 0.800 0.775 5048 YILAI 0.800 0.020 258.3 0.779 37.04 128.0 0.100 0.045 0.050 0.045 43 MTRONIC 0.045 -0.005 190 0.047 42.7 1
0.400 0.190 0.210 0.200 7020 YKGI 0.210 0.005 223.2 0.209 73.2 0.280 0.115 0.165 0.160 3891 MUIIND 0.160 -0.005 921.1 0.165 469.2 1
0.700 0.380 0.510 0.500 7014 YLI 0.500 -0.010 16 0.504 9.82 1.00 51.5 3.050 1.950 2.440 2.380 3905 MULPHA 2.410 -0.050 38 2.397 25.13 770.3 0
CONSTRUCTION 2.370 1.385 2.140 2.090 138 MYEG 2.100 -0.030 4525.7 2.103 39.03 0.65 7,573.2 1
1.200 0.735 0.990 0.960 5281 ADVCON 0.970 -0.015 3626.1 0.978 13.60 390.0 0.910 0.305 0.805 0.800 9806 NATWIDE 0.805 0.005 96.3 0.804 96.8 3
0.750 0.280 7007 ARK 0.475 23.1 0.140 0.070 0.075 0.070 4464 NICORP 0.070 UNCH 781 0.071 5.93 61.4 1
1.200 0.600 1.100 1.100 7078 AZRB 1.100 UNCH 104.7 1.100 18.30 1.82 584.7 0.828 0.631 0.740 0.730 5533 OCB 0.730 -0.010 18 0.734 13.15 1.37 75.1 1
0.793 0.581 0.650 0.645 6173 BDB 0.650 0.005 20 0.648 6.18 6.92 197.5 0.985 0.750 0.910 0.900 172 OCK 0.905 0.005 450.8 0.903 27.76 0.66 788.7 0
0.625 0.351 0.425 0.415 5190 BENALEC 0.420 UNCH 694 0.423 23.73 1.67 341.0 3.460 1.614 2.780 2.720 5201 OLDTOWN 2.740 -0.020 295.2 2.743 20.36 2.74 1,269.3 1
0.510 0.345 0.360 0.345 5932 BPURI 0.345 -0.015 874.1 0.351 98.57 92.2 0.210 0.070 0.120 0.115 3018 OLYMPIA 0.120 0.005 541.2 0.119 25.00 122.8 0
1.070 0.790 0.945 0.885 8761 BREM 0.900 -0.025 1144.6 0.915 65.69 1.67 310.9 2.540 1.260 1.320 1.260 5260 OWG 1.270 0.010 798.1 1.277 46.52 308.5 1
1.180 0.840 1.080 1.040 8591 CRESBLD 1.040 -0.040 382 1.055 10.57 3.85 184.0 0.510 0.390 0.415 0.410 8419 PANSAR 0.415 0.005 28 0.410 23.71 2.41 116.2 0
2.086 1.437 1.800 1.800 7528 DKLS 1.800 UNCH 50 1.800 3.33 1.67 166.9 0.680 0.432 0.660 0.645 5125 PANTECH 0.655 -0.005 2007.9 0.651 13.62 2.63 486.4 1
2.800 1.397 2.800 2.720 5253 ECONBHD 2.770 0.050 1115.4 2.776 18.89 1.62 1,482.0 0.885 0.550 0.555 0.550 5657 PARKSON 0.555 UNCH 126.2 0.552 607.1 0
1.520 0.985 1.120 1.100 8877 EKOVEST 1.110 UNCH 5706.8 1.110 10.43 1.08 2,374.5 1.310 0.999 1.290 1.280 5041 PBA 1.280 -0.010 121.6 1.281 6.34 3.13 424.0 2
1.010 0.482 0.960 0.940 7047 FAJAR 0.945 -0.010 961.4 0.949 13.42 2.65 347.6 0.110 0.045 0.045 0.045 6254 PDZ 0.045 UNCH 6629.5 0.045 39.1 0
1.370 0.885 1.280 1.250 9261 GADANG 1.260 0.020 4139.7 1.261 9.45 2.22 828.6 1.250 0.867 5133 PENERGY 1.040 1.92 334.6 1
5.459 4.541 5.420 5.390 5398 GAMUDA 5.400 -0.010 1478 5.409 20.08 2.22 13,234.0 1.550 1.540 7108 PERDANA 1.540 1,198.8 5
1.610 0.815 1.590 1.580 5226 GBGAQRS 1.580 -0.010 120.9 1.585 17.61 679.3 0.235 0.040 0.050 0.045 47 PERISAI 0.045 -0.005 637 0.048 56.7 4
0.920 0.710 0.740 0.735 5169 HOHUP 0.740 UNCH 118.8 0.739 4.44 277.4 0.290 0.115 0.215 0.200 7080 PERMAJU 0.205 -0.005 360 0.206 40.2 1
1.846 1.510 1.530 1.520 6238 HSL 1.520 UNCH 53.7 1.528 16.24 1.58 885.7 1.770 1.413 1.690 1.580 5219 PESTECH 1.670 0.070 792.8 1.642 22.81 1,274.8 4
3.557 2.998 3.460 3.420 3336 IJM 3.440 0.020 3711.2 3.441 18.95 2.18 12,477.6 25.245 22.325 23.900 23.720 5681 PETDAG 23.800 UNCH 60.7 23.797 25.01 3.03 23,644.2 1
0.760 0.565 0.685 0.685 5268 IKHMAS 0.685 UNCH 201.9 0.685 69.19 0.73 356.2 0.250 0.030 7027 PETONE 0.055 8.33 2.8 0
0.360 0.290 0.300 0.295 192 INTA 0.300 UNCH 2829.9 0.296 0.25 160.6 5.577 4.340 4.380 4.340 7081 PHARMA 4.340 -0.040 105.4 4.360 24.37 3.69 1,125.7 7
0.710 0.500 8834 IREKA 0.615 22.95 105.1 0.189 0.118 0.155 0.150 7201 PICORP 0.150 -0.005 785 0.150 4.07 98.7 0
1.790 0.920 1.480 1.450 4723 JAKS 1.470 -0.010 1097 1.467 89.09 708.9 0.420 0.225 7163 PJBUMI 0.265 21.7 1
0.500 0.210 0.285 0.280 9083 JETSON 0.280 -0.005 629 0.282 57.9 5.780 2.789 5.420 5.280 4634 POS 5.370 0.070 1558.9 5.389 41.66 1.99 4,203.5 0
3.790 2.030 3.660 3.590 7161 KERJAYA 3.600 UNCH 311.6 3.637 15.80 1.53 2,017.1 2.530 1.870 1.910 1.870 5204 PRESBHD 1.890 -0.030 572.3 1.885 101.07 1.59 914.8 0
2.380 1.715 2.350 2.350 5171 KIMLUN 2.350 -0.030 3 2.350 9.04 2.77 729.5 2.500 1.530 1.620 1.530 8346 PRKCORP 1.620 UNCH 15 1.554 162.0 0
1.540 1.010 9628 LEBTECH 1.500 156.25 204.7 0.320 0.155 0.315 0.310 186 PTRANS 0.310 UNCH 2044.4 0.310 13.08 1.45 354.3 1
1.240 0.684 0.800 0.800 5129 MELATI 0.800 -0.005 17.3 0.800 6.51 2.19 96.0 0.932 0.820 0.830 0.820 5272 RANHILL 0.820 UNCH 80.7 0.824 8.42 9.51 728.4 1
0.575 0.240 0.440 0.425 5006 MERGE 0.425 -0.015 186.9 0.431 16.87 28.5 0.360 0.165 0.285 0.280 37 RGB 0.280 -0.005 3699.5 0.281 14.66 2.14 374.7 1
1.417 1.109 1.360 1.350 9571 MITRA 1.350 UNCH 259.5 1.351 7.03 3.70 922.4 0.385 0.305 8885 RPB 0.325 279.0 2
1.340 0.610 1.260 1.240 7595 MLGLOBAL 1.250 UNCH 129 1.251 41.81 493.2 0.687 0.450 0.485 0.450 8567 SALCON 0.450 -0.040 8189.2 0.462 4.20 305.0 1
0.440 0.250 5924 MTDACPI 0.325 75.3 1.147 0.358 0.865 0.850 5147 SAMCHEM 0.850 -0.015 423.4 0.858 14.07 3.82 231.2 0
1.670 0.725 1.190 1.110 5085 MUDAJYA 1.110 -0.090 955 1.143 613.2 0.315 0.110 0.250 0.245 9113 SANBUMI 0.245 -0.010 193 0.248 55.5 1
2.990 2.090 2.840 2.800 5703 MUHIBAH 2.820 0.050 1454.7 2.822 12.16 1.95 1,359.6 2.399 1.920 2.090 2.050 99 SCICOM 2.060 -0.030 97.9 2.071 15.45 4.37 732.2 1
0.724 0.356 0.635 0.625 8311 PESONA 0.625 -0.005 130.5 0.630 20.63 3.20 417.0 0.215 0.090 0.110 0.110 7158 SCOMI 0.110 UNCH 230.6 0.110 210.9 1
2.210 1.132 2.210 1.970 7055 PLB 2.210 0.250 540.7 2.080 64.81 0.45 201.7 0.270 0.105 0.110 0.105 7045 SCOMIES 0.110 -0.005 300 0.110 257.6 0
1.273 0.924 1.030 1.020 5070 PRTASCO 1.020 -0.020 1284.6 1.022 13.32 5.88 433.2 1.160 0.972 7053 SEEHUP 1.010 7.13 52.8 MININ
0.215 0.095 0.150 0.140 7145 PSIPTEK 0.145 -0.005 1814.7 0.144 15.43 50.6 0.769 0.559 0.690 0.680 9792 SEG 0.690 0.010 205.4 0.686 33.17 5.07 872.3 1
4.270 3.125 4.100 4.050 9598 PTARAS 4.100 0.050 10.8 4.072 17.56 4.88 676.4 1.911 1.120 1.420 1.370 5250 SEM 1.410 -0.010 912.3 1.391 36.72 1.63 1,739.1 PLAN
1.390 0.405 1.120 1.080 5205 SENDAI 1.090 -0.030 3314.6 1.096 0.46 843.7 2.100 1.324 1.530 1.480 5218 SENERGY 1.480 -0.030 2945.5 1.501 69.81 0.68 8,868.4 0
2.200 1.533 2.200 2.110 5263 SUNCON 2.180 0.060 1682.2 2.181 21.82 2.29 2,818.5 2.267 1.488 1.940 1.910 5279 SERBADK 1.920 0.020 7052.2 1.929 2.01 2,563.2 19
0.415 0.285 0.295 0.285 9717 SYCAL 0.285 -0.010 496 0.290 15.83 91.3 9.700 7.261 9.400 9.380 4197 SIME 9.390 -0.010 2406.1 9.386 20.03 2.88 63,859.9 8
0.805 0.364 0.805 0.750 5054 TRC 0.750 -0.040 6216.5 0.786 9.32 2.53 360.4 0.917 0.650 0.650 0.650 9431 SJC 0.650 -0.020 17.8 0.650 43.62 1.54 26.3 1
2.320 1.500 1.710 1.690 5622 TRIPLC 1.690 -0.030 35.6 1.694 10.76 115.9 1.380 1.200 1.240 1.220 5242 SOLID 1.240 UNCH 33.6 1.225 41.89 1.05 207.5 0
0.825 0.430 0.680 0.670 5042 TSRCAP 0.670 -0.020 53.9 0.677 10.20 116.9 2.540 2.140 2.260 2.250 6084 STAR 2.250 -0.010 208.6 2.251 16.42 8.00 1,661.8 8
0.145 0.110 0.115 0.115 7070 VIZIONE 0.115 UNCH 845 0.115 104.5 100.6 3.090 2.262 9865 SUIWAH 2.810 16.84 1.25 171.4 0
1.680 0.890 1.390 1.370 3565 WCEHB 1.380 -0.010 335.7 1.377 36.32 1,383.8 0.105 0.045 0.055 0.050 1201 SUMATEC 0.050 UNCH 11668.1 0.050 193.3 9
2.467 1.496 1.940 1.850 9679 WCT 1.870 -0.020 1783.3 1.903 25.41 1.59 2,643.1 4.400 2.756 4.360 4.290 5211 SUNWAY 4.300 -0.040 3092.4 4.304 14.86 2.07 8,976.9 2
0.670 0.535 0.540 0.535 7028 ZECON 0.535 UNCH 87 0.539 1.24 63.7 2.257 1.846 2.200 2.130 6521 SURIA 2.180 0.090 321.7 2.167 9.85 3.21 628.2 11
0.205 0.100 0.135 0.130 2283 ZELAN 0.130 UNCH 1695.1 0.133 109.8 0.345 0.235 0.260 0.250 5173 SYSCORP 0.260 -0.010 94 0.254 288.8 312.0 0
TRADING SERVICES 0.490 0.285 0.425 0.395 7228 T7GLOBAL 0.415 -0.015 4059.8 0.406 16.94 158.3 1
0.550 0.350 0.390 0.380 5238 AAX 0.380 UNCH 20390.9 0.385 38.78 1,576.3 1.747 1.327 1.480 1.460 8524 TALIWRK 1.470 -0.010 56.1 1.469 25.48 5.44 1,777.9 0
0.260 0.135 0.150 0.145 5166 AEGB 0.150 0.005 844.7 0.149 61.5 2.667 1.419 2.530 2.480 5140 TASCO 2.480 -0.040 16.7 2.501 16.18 1.81 496.0 2
2.960 2.082 2.200 2.110 6599 AEON 2.120 UNCH 96.2 2.147 40.38 1.42 2,976.5 14.560 12.832 14.200 14.140 5347 TENAGA 14.180 0.020 6062.7 14.173 11.54 2.75 80,244.8 3
0.435 0.160 0.305 0.290 7315 AHB 0.295 UNCH 2275.2 0.294 84.29 47.2 1.573 1.140 1.150 1.140 8702 TEXCHEM 1.140 -0.010 19 1.146 28.50 17.54 141.5 0
3.468 2.086 3.330 3.290 5099 AIRASIA 3.300 0.010 7678.5 3.315 5.45 3.64 11,028.5 0.210 0.050 0.055 0.050 7206 THHEAVY 0.050 -0.005 328 0.052 56.1 1
9.389 5.872 8.750 8.660 5014 AIRPORT 8.690 -0.040 591.6 8.720 125.40 1.27 14,418.4 6.698 5.690 6.410 6.380 4863 TM 6.400 UNCH 830.3 6.391 35.34 3.36 24,050.8 4
0.370 0.110 0.135 0.125 5115 ALAM 0.130 UNCH 468.3 0.132 120.2 0.990 0.760 0.780 0.760 101 TMCLIFE 0.760 -0.020 1776.2 0.767 63.33 0.16 1,319.5 25
0.270 0.070 0.090 0.080 159 AMEDIA 0.085 -0.005 797.2 0.084 20.4 1.870 1.470 1.710 1.690 8397 TNLOGIS 1.690 -0.010 272 1.697 8.62 2.96 758.7 3
8.632 7.200 7.220 7.200 6351 AMWAY 7.200 -0.020 5 7.203 25.70 2.78 1,183.6 1.060 0.380 0.935 0.720 7218 TOCEAN 0.880 0.245 130.9 0.898 55.00 36.1 4
2.378 2.133 2.200 2.180 7083 ANALABS 2.200 0.030 116 2.190 11.04 1.48 132.1 1.000 0.750 0.790 0.780 5167 TURBO 0.780 0.010 6.6 0.785 21.49 6.41 84.2 0
0.085 0.025 0.045 0.045 5194 APFT 0.045 0.005 2311.5 0.045 24.7 2.892 2.400 7137 UMS 2.700 15.38 2.22 109.9 1
0.840 0.500 0.700 0.685 5210 ARMADA 0.685 -0.010 3600.8 0.691 1.20 4,018.4 1.040 0.285 0.305 0.285 5243 UMWOG 0.285 -0.005 23943 0.292 616.2 1
0.220 0.100 0.160 0.150 1481 ASB 0.155 -0.005 1723.7 0.155 19.62 1.61 104.9 1.294 0.978 1.070 1.070 7091 UNIMECH 1.070 UNCH 2 1.070 15.64 2.80 140.4 0
2.869 2.466 2.660 2.600 6399 ASTRO 2.630 -0.020 2148.7 2.632 22.12 4.37 13,701.0 0.730 0.365 0.425 0.425 5754 UTUSAN 0.425 UNCH 5 0.425 47.1 2
4.959 4.000 4.390 4.300 7048 ATLAN 4.380 0.080 18 4.324 22.10 3.65 1,111.0 1.980 1.300 1.460 1.420 7250 UZMA 1.450 0.030 215.4 1.450 17.39 464.0 4
1.180 0.715 1.150 1.130 7579 AWC 1.140 -0.010 393.3 1.140 13.40 1.32 304.5 1.080 0.600 1.080 0.965 7240 VOIR 0.985 -0.075 1308.5 1.005 703.5 143.0 0
5.898 4.085 4.840 4.790 6888 AXIATA 4.830 0.040 13120.7 4.823 113.9 1.66 43,461.0 2.157 1.663 2.000 2.000 5016 WARISAN 2.000 0.010 0.5 2.000 2.00 134.4 1
0.653 0.225 0.590 0.560 5021 AYS 0.570 0.010 4406.5 0.574 7.79 4.39 216.8 0.580 0.410 7692 WIDETEC 0.580 26.48 26.0 0
0.740 0.555 0.565 0.555 7251 BARAKAH 0.560 -0.010 640 0.561 53.33 462.3 4.426 3.542 3.680 3.640 5246 WPRTS 3.680 0.020 215.3 3.661 21.06 3.55 12,548.8 4
2.293 1.843 1.960 1.940 5248 BAUTO 1.950 UNCH 366.5 1.950 18.79 5.97 2,251.3 1.448 0.816 1.150 1.140 5267 XINHWA 1.140 -0.010 95 1.143 24.00 0.88 246.2 3
0.495 0.365 0.385 0.370 7241 BHS 0.385 UNCH 292.3 0.378 176.5 0.075 0.020 0.050 0.045 7122 YFG 0.050 0.005 280 0.049 30.5 0
0.280 0.170 0.200 0.195 6998 BINTAI 0.200 UNCH 230.9 0.196 57.9 3.679 2.794 3.600 3.560 7293 YINSON 3.580 -0.020 368.7 3.581 16.67 0.56 3,912.2 3
6.567 5.863 6.070 6.050 5032 BIPORT 6.050 -0.010 5.6 6.056 17.36 3.97 2,783.0 1.715 1.400 1.430 1.410 4677 YTL 1.420 UNCH 2795.2 1.421 17.77 6.69 15,493.0 1
2.610 1.428 2.530 2.530 5275 BISON 2.530 -0.070 1 2.530 39.72 0.79 784.5 FINANCE 0
0.410 0.306 0.335 0.325 3395 BJCORP 0.325 UNCH 7330.7 0.327 12.17 1,600.2 13.980 13.040 13.400 13.040 5139 AEONCR 13.120 -0.300 129.5 13.214 10.72 3.20 2,833.9 1
1.956 1.208 1.410 1.380 5196 BJFOOD 1.400 0.010 431.6 1.399 46.51 533.1 2.949 2.018 2.560 2.550 5185 AFFIN 2.550 -0.010 129.3 2.554 8.71 2.94 4,954.5 1
0.700 0.425 4219 BJLAND 0.430 7.78 2,150.1 4.400 3.446 3.900 3.880 2488 AFG 3.900 0.010 252.6 3.893 11.61 4.10 6,037.6 6
0.470 0.205 6025 BJMEDIA 0.325 76.4 15.600 9.492 14.400 14.000 1163 ALLIANZ 14.300 0.260 74.5 14.155 8.01 0.63 2,495.1 28
3.258 2.280 2.340 2.310 1562 BJTOTO 2.340 0.010 891.9 2.325 13.07 5.98 3,161.4 15.100 9.511 1163PA ALLIANZ-PA 15.100 0.72 1,311.8 HOTE
0.135 0.092 0.105 0.100 7036 BORNOIL 0.100 -0.005 18018.6 0.100 10.87 454.6 5.551 3.754 4.950 4.870 1015 AMBANK 4.930 0.060 810.3 4.923 11.19 3.57 14,859.9 0
0.945 0.515 0.525 0.515 9474 BRAHIMS 0.515 -0.010 189.4 0.518 121.7 1.934 1.263 5088 APEX 1.570 23.57 3.18 335.3 1
2.789 2.510 2.700 2.670 2771 BSTEAD 2.700 -0.010 139.7 2.696 14.41 5.56 5,472.9 4.610 3.782 4.420 4.390 5258 BIMB 4.410 0.040 292.4 4.407 12.25 2.95 7,222.4 0
0.395 0.280 0.290 0.290 5257 CARIMIN 0.290 -0.010 30 0.290 67.8 11.140 8.057 10.600 10.500 1818 BURSA 10.540 -0.040 519.7 10.548 26.85 3.51 5,665.3 5
1.990 1.300 5245 CARING 1.650 27.36 0.91 359.2 6.870 4.129 6.710 6.620 1023 CIMB 6.680 0.060 8299 6.680 14.92 2.99 60,468.1 TECH
3.397 2.130 2.270 2.220 2925 CCB 2.250 -0.030 13.4 2.240 11.81 2.22 226.7 0.705 0.320 0.530 0.530 2143 ECM 0.530 -0.020 15.2 0.530 22.55 151.9 0
1.440 0.835 1.280 1.240 7117 CENTURY 1.260 -0.010 298.1 1.254 23.55 2.78 494.7 1.260 1.102 1.200 1.190 5228 ELKDESA 1.200 UNCH 210.5 1.194 11.29 5.60 353.2 0
0.470 0.400 7209 CHEETAH 0.400 1.88 51.0 16.300 12.501 16.000 15.720 5819 HLBANK 15.720 -0.280 117.1 15.855 14.49 2.61 34,076.5 0
1.490 0.827 1.360 1.340 5273 CHINHIN 1.340 -0.010 1065.5 1.348 15.47 2.61 714.1 10.100 7.327 5274 HLCAP 9.980 31.65 1.20 2,464.0 0
0.675 0.383 0.605 0.600 7016 CHUAN 0.605 0.005 170.6 0.601 8.32 2.98 102.0 17.735 13.892 17.120 16.960 1082 HLFG 17.000 0.100 26.9 16.998 11.85 2.24 19,507.8 0
0.100 0.065 0.070 0.070 5104 CNI 0.070 -0.005 268.1 0.070 4.29 50.4 2.610 2.521 6688 HWANG 2.610 20.03 1.15 666.0 0
1.240 0.650 0.840 0.830 5136 COMPLET 0.830 -0.020 54.4 0.834 10.64 102.7 1.140 0.627 1.060 1.020 3379 INSAS 1.030 -0.020 2584.9 1.031 3.74 0.97 714.1 1
0.045 0.025 0.035 0.030 5037 COMPUGT 0.035 0.005 50909.7 0.030 74.7 0.970 0.887 3379PA INSAS-PA 0.960 6.25 127.3 1
2.820 1.907 2.490 2.460 5184 CYPARK 2.490 0.020 90.3 2.479 12.76 2.09 649.7 0.395 0.120 0.355 0.315 3441 JOHAN 0.330 -0.010 15385 0.343 205.6 2
0.880 0.510 0.565 0.510 5276 DANCO 0.510 -0.055 1870.7 0.535 10.92 2.94 152.0 0.690 0.415 0.530 0.525 6483 KENANGA 0.525 -0.005 123 0.525 33.02 4.29 379.3 1
0.105 0.050 0.075 0.070 91 DAYA 0.075 UNCH 565 0.070 143.2 19.302 15.157 17.940 17.840 8621 LPI 17.940 0.080 93.9 17.86 20.00 4.57 5,955.8 0
1.290 0.730 1.020 1.000 5141 DAYANG 1.010 0.010 246.6 1.004 23.06 974.5 0.917 0.814 0.825 0.820 1198 MAA 0.820 UNCH 31.8 0.821 10.98 224.3 0
1.126 0.790 0.800 0.790 5132 DELEUM 0.800 0.010 23.4 0.790 14.63 4.38 320.2 3.210 2.625 3.200 3.200 1058 MANULFE 3.200 UNCH 35 3.200 12.71 3.28 647.6 6
0.895 0.600 0.645 0.640 7212 DESTINI 0.640 -0.010 298.7 0.642 19.16 739.3 9.770 7.250 9.770 9.640 1155 MAYBANK 9.700 0.050 11192.7 9.694 13.92 5.36 102,424 0
1.970 1.426 1.940 1.920 7277 DIALOG 1.940 0.010 6396.8 1.922 29.94 1.24 10,944.8 1.380 0.743 1.260 1.230 1171 MBSB 1.230 -0.010 4166.5 1.240 20.74 2.44 7,287.0 2
6.537 4.312 5908 DKSH 5.000 16.01 1.90 788.3 2.840 1.628 2.520 2.490 6459 MNRB 2.490 -0.010 257.7 2.499 10.80 795.8 0
0.690 0.201 0.565 0.515 4456 DNEX 0.520 -0.040 43715 0.536 3.63 0.96 911.0 1.830 1.160 1.490 1.450 5237 MPHBCAP 1.480 UNCH 138.7 1.458 16.37 1,058.2 0
1.591 1.092 1.170 1.130 5216 DSONIC 1.170 UNCH 649.4 1.154 25.22 3.42 1,579.5 1.309 1.185 1.260 1.260 6009 P&O 1.260 UNCH 50 1.260 19.66 7.70 309.9 16
0.295 0.175 0.180 0.175 2097 EASTLND 0.180 0.005 232.4 0.175 44.2 20.680 18.682 20.680 20.340 1295 PBBANK 20.660 0.180 3327.5 20.57 15.05 2.86 80,205.0 0
0.920 0.385 0.415 0.395 5259 EATECH 0.400 UNCH 651.7 0.408 5.63 201.6 1.920 0.715 1.710 1.680 9296 RCECAP 1.680 -0.020 187.7 1.691 7.03 1.79 595.7 14
0.370 0.200 0.235 0.235 5036 EDARAN 0.235 UNCH 78 0.235 14.1 5.550 4.473 5.030 4.970 1066 RHBBANK 5.000 0.020 333 4.992 12.34 2.40 20,050.2 1
0.290 0.165 0.205 0.195 7471 EDEN 0.200 0.005 1144.4 0.200 62.3 0.708 0.422 0.620 0.610 4898 TA 0.615 0.015 1123.3 0.617 3.81 2.76 1,052.8 1
3.589 2.280 2.520 2.500 1368 EDGENTA 2.520 -0.010 181.6 2.512 24.14 2.78 2,095.7 4.250 3.800 4.030 4.000 6139 TAKAFUL 4.000 -0.040 26.5 4.013 17.67 3.92 3,292.6 0
0.590 0.220 0.365 0.355 64 EFFICEN 0.355 -0.005 1408.6 0.358 251.7 1.629 1.050 1.070 1.050 5230 TUNEPRO 1.050 -0.010 2404.8 1.057 11.39 4.95 789.3 0
1.000 0.776 0.900 0.890 5081 EIG 0.900 0.010 70 0.897 15.79 2.50 213.5 PROPERTIES 4
2.087 1.074 1.830 1.800 5208 EITA 1.830 0.030 20 1.809 8.78 2.19 237.9 0.888 0.740 0.845 0.840 1007 AMPROP 0.845 0.005 261.2 0.844 37.72 3.55 513.4 0
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share * Volu
 T U E SDAY AU G U S T 8 , 2 017 T HEED G E FINA NCIA L DA ILY
Markets 2 7
BURSA MAL AYSIA MAIN MARKET . ACE MARKET

AP YEAR YEAR DAY DAY CODE COUNTER CLOSING +/ VOL VWAP* PE# DY MKT CAP YEAR YEAR DAY DAY CODE COUNTER CLOSING +/ VOL VWAP* PE# DY MKT CAP
IL) HIGH LOW HIGH LOW (RM) (RM) (000) (RM) (X) (%) (MIL) HIGH LOW HIGH LOW (RM) (RM) (000) (RM) (X) (%) (MIL)
7.4 1.850 0.990 1.420 1.420 5959 A&M 1.420 UNCH 55.1 1.420 31.14 518.4 0.215 0.080 0.110 0.105 118 TRIVE 0.105 -0.005 335.8 0.110 47.73 140.3
5.6 0.448 0.345 0.415 0.410 1007PA AMPROP-PA 0.415 0.005 22 0.414 4.82 120.6 4.250 2.206 4.250 3.940 5005 UNISEM 4.030 -0.050 1335.7 4.118 17.14 2.73 2,957.3
2.2 0.230 0.145 0.160 0.155 4057 ASIAPAC 0.160 0.005 33.2 0.155 17.39 160.8 4.790 1.727 4.500 4.350 97 VITROX 4.380 -0.070 526.5 4.439 30.25 0.74 2,059.0
2.7 0.550 0.420 0.460 0.445 6602 BCB 0.460 0.015 90 0.457 9.35 189.8 1.750 0.621 1.650 1.580 8 WILLOW 1.580 -0.060 249.3 1.595 18.61 1.27 391.8
7.6 0.665 0.440 0.490 0.450 9814 BERTAM 0.490 0.035 259 0.485 2.04 101.3 INFRASTRUCTURE PROJECT COMPANIES
9.0 1.400 0.710 1.210 1.190 3239 BJASSET 1.210 0.010 125.1 1.204 1,438.5 5.139 4.630 4.810 4.740 6947 DIGI 4.800 -0.010 4485.4 4.772 24.14 4.10 37,320.0
6.3 1.500 1.030 1.240 1.240 5738 CHHB 1.240 0.050 0.8 1.240 341.9 6.150 5.431 5.900 5.850 6645 LITRAK 5.860 UNCH 516 5.860 13.92 4.27 3,087.3
6.1 1.740 1.430 1.550 1.540 6718 CRESNDO 1.550 -0.010 125.7 1.550 6.35 3.23 434.7 0.372 0.221 0.305 0.300 5078 M&G 0.300 0.005 528.8 0.303 16.67 210.5
5.2 1.720 1.235 1.660 1.650 5049 CVIEW 1.650 UNCH 24 1.659 5.52 9.09 165.0 1.270 0.830 0.840 0.830 6807 PUNCAK 0.830 -0.005 811.4 0.835 372.9
2.5 2.390 2.073 2.260 2.250 5355 DAIMAN 2.250 -0.010 14 2.250 17.25 2.22 477.4 9.890 7.125 9.720 9.610 5031 TIMECOM 9.700 UNCH 1022.6 9.699 13.24 2.05 5,640.1
2.3 1.040 0.500 0.550 0.535 3484 DBHD 0.540 -0.010 96.7 0.540 167.1 1.539 1.304 1.440 1.420 6742 YTLPOWR 1.430 UNCH 404.9 1.430 12.71 6.99 11,644.6
0.4 2.130 1.400 1.630 1.600 3417 E&O 1.600 -0.020 892.6 1.620 23.22 1.88 2,122.7 CLOSED-END FUNDS
3.4 0.325 0.250 0.290 0.280 3557 ECOFIRS 0.290 UNCH 2488.3 0.286 27.36 232.9 2.690 2.260 2.600 2.600 5108 ICAP 2.600 UNCH 28.2 2.600 5200 364.0
8.4 1.720 1.260 1.570 1.550 8206 ECOWLD 1.560 UNCH 1347.1 1.560 18.51 4,593.2 EXCHANGE TRADED FUNDS
1.0 0.920 0.570 0.745 0.725 6076 ENCORP 0.745 -0.005 5.8 0.728 5.70 207.6 1.130 1.070 1.130 1.130 0800EA ABFMY1 1.130 0.001 10 1.130 5.03 1,492.1
4.3 3.180 1.850 2.900 2.800 8613 ENRA 2.900 -0.050 275.5 2.896 32.81 1.03 395.0 1.960 1.680 1.930 1.930 0822EA CIMBA40 1.930 0.005 7.1 1.930 3.83 2.6
2.6 1.240 0.730 1.100 1.090 6815 EUPE 1.100 -0.010 32.9 1.096 140.8 1.590 1.200 0823EA CIMBC50 1.590 15.5
6.3 1.360 1.000 1.080 1.060 5283 EWINT 1.060 -0.020 912.7 1.063 2,544.0 1.865 1.700 1.830 1.830 0820EA FBMKLCI-EA 1.830 -0.010 2.7 1.830 1.80 3.1
0.8 0.617 0.468 0.540 0.525 6041 FARLIM 0.540 0.010 60.7 0.529 6.16 3.70 75.8 1.070 0.971 0826EA METFAPA 1.070 20.3
7.6 0.787 0.610 0.685 0.670 5020 GLOMAC 0.680 UNCH 27.1 0.676 4.44 5.15 494.9 0.952 0.905 0825EA METFSID 0.923 2.54 48.9
5.3 0.523 0.367 0.440 0.430 9962 GMUTUAL 0.440 UNCH 31 0.432 8.30 4.55 165.3 1.115 1.045 1.075 1.065 0821EA MYETFDJ 1.070 -0.030 28 1.067 2.08 297.4
2.5 0.470 0.290 0.370 0.360 1147 GOB 0.360 -0.010 193 0.366 20.57 1.39 163.7 1.110 1.010 1.085 1.070 0824EA MYETFID 1.070 -0.010 825.1 1.072 1.42 54.4
3.4 1.450 1.110 1.170 1.150 1503 GUOCO 1.170 UNCH 51 1.157 3.80 1.71 819.5 REITS
5.0 0.570 0.370 0.570 0.460 7010 HOOVER 0.555 0.125 1033 0.529 22.2 1.073 0.935 0.955 0.940 4952 AHP 0.945 0.005 117.3 0.949 44.58 4.44 207.9
0.3 1.407 0.815 0.860 0.835 5062 HUAYANG 0.835 -0.005 295.1 0.844 7.58 4.79 293.9 1.659 1.415 1.520 1.520 5116 ALAQAR 1.520 -0.030 120 1.520 17.82 5.07 1,106.9
4.6 0.648 0.498 0.585 0.570 4251 IBHD 0.570 -0.010 964.8 0.578 8.10 3.30 574.4 1.050 0.945 1.010 1.010 5269 ALSREIT 1.010 0.010 0.3 1.010 12.02 5.94 585.8
5.0 1.050 0.755 5084 IBRACO 0.895 19.89 3.91 444.3 0.828 0.725 0.735 0.730 5120 AMFIRST 0.730 0.005 117 0.731 22.53 5.56 501.1
9.4 2.990 2.359 2.840 2.810 1597 IGB 2.830 0.020 81 2.823 10.45 3.53 3,862.4 0.980 0.858 5127 ARREIT 0.950 13.81 6.06 544.6
4.6 2.379 1.850 2.170 2.070 5249 IOIPG 2.070 -0.050 2222 2.130 10.02 3.59 11,397.7 1.190 0.995 1.170 1.160 5130 ATRIUM 1.170 UNCH 38 1.167 23.31 5.81 142.5
5.5 0.620 0.380 0.395 0.390 5175 IVORY 0.395 UNCH 52 0.393 21.01 193.6 1.694 1.497 1.650 1.630 5106 AXREIT 1.650 UNCH 7.4 1.640 17.15 5.13 1,823.5
3.7 3.290 0.785 1.320 1.280 1589 IWCITY 1.290 -0.020 3586.2 1.295 1,080.2 1.664 1.422 1.490 1.470 5180 CMMT 1.490 0.020 243.1 1.483 19.87 5.62 3,031.6
9.1 0.169 0.095 0.100 0.100 6769 JKGLAND 0.100 -0.005 805 0.100 14.71 2.30 227.5 1.581 1.230 1.260 1.250 5121 HEKTAR 1.260 0.010 443.6 1.254 12.27 7.92 581.6
8.4 0.085 0.040 0.055 0.055 3115 KBUNAI 0.055 UNCH 1360 0.055 16.67 317.7 1.790 1.448 1.750 1.740 5227 IGBREIT 1.750 UNCH 281 1.749 21.77 4.96 6,131.0
3.3 0.974 0.798 7323 KEN 0.900 5.46 2.78 172.5 1.029 0.900 0.950 0.945 5280 KIPREIT 0.945 UNCH 502.8 0.945 22.39 3.09 477.5
5.4 1.330 0.995 1.240 1.220 5038 KSL 1.230 0.010 1330.8 1.228 3.88 1,276.1 8.100 7.147 7.850 7.810 5235SS KLCC 7.850 0.040 27.8 7.825 16.11 4.54 14,171.9
5.8 0.312 0.210 0.230 0.225 3174 L&G 0.230 0.010 2413.7 0.225 8.98 6.91 673.7 1.350 1.148 1.310 1.290 5123 MQREIT 1.310 0.010 145.2 1.308 15.63 9.69 1,399.1
1.1 1.295 1.051 1.160 1.150 8494 LBICAP 1.160 0.010 20 1.155 4.01 9.05 93.5 1.910 1.588 1.750 1.740 5212 PAVREIT 1.740 -0.010 190.9 1.747 17.37 4.62 5,265.7
9.8 2.078 1.489 1.990 1.960 5789 LBS 1.990 0.020 367.1 1.975 12.95 2.01 1,346.7 1.780 1.549 1.720 1.700 5176 SUNREIT 1.720 0.010 695 1.712 15.41 5.26 5,065.5
0.0 0.460 0.235 0.415 0.400 3573 LIENHOE 0.405 -0.015 443.3 0.407 146.5 1.220 1.132 1.210 1.210 5111 TWRREIT 1.210 -0.010 110 1.210 16.81 5.73 339.4
2.9 1.690 0.926 1.500 1.490 7617 MAGNA 1.500 -0.020 28 1.494 2.03 4.00 502.4 1.796 1.561 1.680 1.670 5110 UOAREIT 1.670 -0.010 27 1.671 15.74 5.65 706.2
2.9 1.700 1.340 1.590 1.560 8583 MAHSING 1.570 UNCH 1656.7 1.567 11.82 4.14 3,783.0 1.230 1.018 1.210 1.200 5109 YTLREIT 1.210 0.010 250 1.201 5.78 2,062.3
5.0 1.940 0.551 1.040 0.995 6181 MALTON 0.995 -0.035 3698.4 1.009 12.56 2.51 525.2 SPAC
0.0 2.828 2.280 2.760 2.710 5236 MATRIX 2.730 0.020 1476.5 2.735 8.38 5.04 1,591.1 0.720 0.670 5234 CLIQ 0.720 454.3
2.9 1.880 1.000 1.560 1.560 7189 MBWORLD 1.560 UNCH 2 1.560 7.75 245.5 0.480 0.460 5241 SONA 0.475 670.1
1.1 1.200 0.750 0.940 0.905 5182 MCT 0.930 0.030 30.1 0.938 21.28 1,241.3
5.7 0.525 0.415 0.430 0.420 5040 MEDAINC 0.430 UNCH 244.5 0.427 211.8
7.8 1.020 0.680 0.860 0.850 1694 MENANG 0.860 0.005 69.4 0.856 7.18 229.7
2.0
8.4
5.9
0.605 0.250
2.614 2.200
0.495
2.230
0.460
2.210
8141
6114
MJPERAK
MKH
0.470
2.220
-0.005
-0.010
1862.6
125.6
0.479 111.90
2.218 5.41
4.55
3.05
120.8
1,245.2 Ace Market
0.360 0.270 0.275 0.275 8893 MKLAND 0.275 -0.005 165 0.275 19.93 332.0 YEAR YEAR DAY DAY CODE COUNTER CLOSING +/ VOL VWAP* PE# DY MKT CAP
1.3 0.215 0.085 0.155 0.135 6548 MPCORP 0.150 0.015 670 0.148 43.1
2.7
HIGH LOW HIGH LOW (RM) (RM) (000) (RM) (X) (%) (MIL)
1.761 1.125 1.190 1.170 1651 MRCB 1.170 UNCH 3448.6 1.181 8.80 2.35 2,565.3
9.2 1.080 0.610 9539 MUH 0.610 34.4 CONSUMER PRODUCTS
0.3 0.365 0.230 0.280 0.270 3913 MUIPROP 0.280 UNCH 121.5 0.275 20.29 213.9 0.285 0.195 0.250 0.235 179 BIOHLDG 0.250 0.010 14954 0.248 21.37 201.6
3.2 1.900 1.220 1.240 1.220 5073 NAIM 1.230 UNCH 75.6 1.229 307.5 0.310 0.200 0.220 0.210 170 KANGER 0.215 Unch 173.7 0.213 25.00 171.7
6.8 3.080 2.260 2.290 2.260 5827 OIB 2.260 -0.140 2 2.274 10.83 3.54 327.4 0.450 0.200 0.380 0.365 148 SUNZEN 0.365 Unch 1103.2 0.372 130.36 175.9
1.4 1.710 1.346 1.600 1.580 5053 OSK 1.600 0.020 222.8 1.590 9.56 4.69 2,244.6 0.045 0.025 0.040 0.040 95 XINGHE 0.040 Unch 1335 0.040 3.81 93.9
5.1 1.880 1.251 1.880 1.860 1724 PARAMON 1.870 0.020 397.5 1.867 10.72 4.55 793.4 INDUSTRIAL PRODUCTS
8.7 0.695 0.415 0.610 0.600 6912 PASDEC 0.605 -0.005 63 0.605 173.0 0.245 0.137 0.180 0.170 105 ASIAPLY 0.170 -0.010 822.5 0.174 18.68 2.94 56.7
9.3 1.820 1.540 1.650 1.620 5075 PLENITU 1.620 -0.030 8 1.639 13.32 2.78 618.1 0.095 0.030 0.040 0.040 72 AT 0.040 Unch 9883 0.040 43.3
2.8 0.365 0.225 0.340 0.330 2208 PTGTIN 0.330 UNCH 169 0.330 114.2 0.445 0.245 0.415 0.405 163 CAREPLS 0.405 Unch 3526.7 0.410 72.32 0.74 195.7
8.5 1.270 0.900 1.070 1.010 4596 SAPRES 1.050 -0.010 26.6 1.047 1.40 2.86 146.6 0.330 0.080 0.225 0.205 102 CONNECT 0.205 -0.015 882.9 0.218 82.00 65.9
6.2 0.820 0.665 0.685 0.680 5207 SBCCORP 0.680 -0.005 114.6 0.681 159.7 0.598 0.360 0.375 0.360 100 ESCERAM 0.365 Unch 850.5 0.368 11.77 1.64 75.0
6.4 1.160 0.785 1.130 1.120 2224 SDRED 1.120 -0.010 34 1.121 8.33 2.23 477.3 0.370 0.215 0.245 0.225 175 HHGROUP 0.240 0.015 1291.7 0.235 342.8 74.1
7.1 0.580 0.370 0.515 0.500 4286 SEAL 0.500 UNCH 147 0.507 37.04 121.5 0.145 0.065 0.110 0.110 160 HHHCORP 0.110 -0.005 665 0.110 22.45 36.7
4.0 2.962 2.761 2.830 2.820 6017 SHL 2.830 -0.020 19.1 2.827 8.33 7.07 685.2 0.555 0.160 0.535 0.505 162 IJACOBS 0.510 -0.020 3416.9 0.522 38.06 69.2
9.1 0.305 0.135 0.230 0.220 4375 SMI 0.220 -0.010 56.3 0.222 1.63 46.2 0.165 0.090 0.155 0.145 24 JAG 0.150 0.005 36472 0.150 27.27 189.9
4.6 1.000 0.690 0.820 0.805 5213 SNTORIA 0.815 -0.005 38.7 0.813 11.90 2.45 406.8 0.250 0.125 0.210 0.205 25 LNGRES 0.205 Unch 1066.7 0.207 22.04 49.6
8.8 5.190 4.211 4.880 4.870 1783 SPB 4.880 0.010 82.9 4.878 10.96 2.46 1,676.8 0.150 0.040 0.055 0.050 70 MQTECH 0.055 0.005 1456 0.054 22.8
6.7 4.311 2.833 3.430 3.260 8664 SPSETIA 3.330 0.060 353.2 3.318 4.86 6.01 9,944.0 0.860 0.331 0.730 0.700 49 OCNCASH 0.725 0.020 2019.6 0.718 14.65 0.97 161.7
0.2 1.590 0.815 1.460 1.440 3743 SUNSURIA 1.450 0.010 124.1 1.446 20.54 1,158.3 0.610 0.130 0.340 0.300 38 PTB 0.320 -0.020 1548.1 0.322 72.73 48.1
4.8 4.400 2.756 4.360 4.290 5211 SUNWAY 4.300 -0.040 3092.4 4.304 14.86 2.07 8,976.9 0.105 0.055 0.060 0.055 133 SANICHI 0.060 0.005 23976.6 0.060 51.5
4.2 1.070 0.625 0.915 0.905 1538 SYMLIFE 0.905 -0.010 139.3 0.908 8.02 3.31 280.6 0.060 0.025 0.035 0.030 109 SCBUILD 0.030 Unch 936.3 0.031 26.5
2.8 0.395 0.215 0.355 0.340 5158 TAGB 0.340 0.005 11143 0.347 8.17 1.18 1,809.4 0.220 0.110 0.190 0.180 1 SCOMNET 0.180 -0.005 1154.5 0.185 14.40 2.22 43.7
5.7 7.600 6.085 2305 TAHPS 7.280 28.2 0.69 544.9 0.289 0.132 0.235 0.230 28 SCOPE 0.235 Unch 45 0.231 28.66 2.13 131.7
8.7 0.060 0.035 0.055 0.050 2259 TALAMT 0.055 UNCH 4072 0.050 232.1 0.290 0.115 0.175 0.175 55 SERSOL 0.175 Unch 385 0.175 37.7
1.7 1.471 1.266 1.300 1.290 5191 TAMBUN 1.290 -0.010 452 1.292 4.89 7.75 558.9 0.955 0.178 0.810 0.755 84 TECFAST 0.785 0.025 10528.4 0.786 35.52 0.64 134.3
3.5 0.140 0.055 0.100 0.095 2429 TANCO 0.095 -0.005 135 0.097 62.9 TECHNOLOGY
4.8 0.315 0.170 0.235 0.235 7889 THRIVEN 0.235 -0.005 15 0.235 88.5 0.995 0.160 0.705 0.660 18 ACCSOFT 0.660 -0.005 31.7 0.670 549.6
2.0 0.085 0.040 0.060 0.055 7079 TIGER 0.060 UNCH 2778.7 0.055 88.3 0.750 0.160 0.735 0.630 181 AEMULUS 0.645 -0.070 15605.9 0.693 169.74 283.1
4.3 1.930 1.450 1.580 1.560 5239 TITIJYA 1.580 UNCH 49.5 1.564 8.18 0.32 647.8 0.455 0.120 0.360 0.350 119 APPASIA 0.355 -0.005 134 0.355 103.9
8.4 1.044 0.937 0.955 0.950 5401 TROP 0.955 UNCH 137.5 0.952 10.69 2.59 1,399.8 0.450 0.150 0.170 0.160 68 ASDION 0.165 -0.015 587.8 0.165 19.2
4.7 1.360 0.995 1.190 1.150 5148 UEMS 1.170 0.020 2131.2 1.173 27.53 1.37 5,308.8 1.160 0.730 0.830 0.810 98 BAHVEST 0.820 -0.005 679.1 0.825 492.0
9.0 2.680 2.096 2.620 2.570 5200 UOADEV 2.600 UNCH 193.6 2.602 6.61 5.77 4,509.0 0.770 0.620 0.650 0.635 191 CABNET 0.640 -0.010 915.2 0.640 10.49 83.2
5.0 1.890 0.935 1.810 1.800 2976 WINGTM 1.800 UNCH 984 1.801 58.44 1.67 877.2 0.065 0.030 0.050 0.045 152 DGB 0.045 -0.005 350.1 0.045 450.00 24.2
1.2 0.525 0.229 0.435 0.415 6378 WMG 0.415 -0.020 163.2 0.430 176.9 0.075 0.020 0.030 0.030 131 DGSB 0.030 Unch 150 0.030 42.86 40.7
5.5 1.279 0.866 7003 Y&G 0.955 11.40 190.4 0.120 0.050 0.090 0.085 154 EAH 0.085 Unch 10091.9 0.085 35.42 126.7
2.2 1.840 1.380 1.400 1.390 3158 YNHPROP 1.400 UNCH 186 1.396 18.18 740.6 0.260 0.125 0.150 0.140 107 EDUSPEC 0.145 -0.005 1935.5 0.145 25.44 135.3
0.9 1.610 1.060 1.400 1.350 7066 YONGTAI 1.370 0.020 1838.7 1.375 21.24 596.9 0.295 0.050 0.250 0.240 116 FOCUS 0.250 Unch 703.2 0.249 194.3
7.6 0.670 0.550 0.585 0.580 2577 YTLLAND 0.580 0.005 19.2 0.580 14.29 489.7 1.160 0.815 0.960 0.920 104 GENETEC 0.935 -0.045 13.1 0.928 33.2
2.8 MINING 0.759 0.431 0.645 0.620 39 GFM 0.620 -0.005 2590 0.633 25.31 2.34 265.4
2.3 1.290 1.150 2186 KUCHAI 1.250 0.68 154.7 0.090 0.030 0.075 0.070 45 GNB 0.075 Unch 15.2 0.070 21.7
9.1 PLANTATIONS 0.185 0.070 0.175 0.170 74 GOCEAN 0.170 -0.005 857.1 0.170 283.33 44.8
8.4 0.285 0.195 0.205 0.200 7054 AASIA 0.200 -0.005 24.5 0.201 200.00 132.0 0.100 0.040 0.060 0.055 174 IDMENSN 0.060 Unch 325 0.059 120.00 29.7
3.2 19.575 17.198 19.160 19.000 1899 BKAWAN 19.100 -0.060 109.1 19.136 10.99 2.88 8,326.7 0.577 0.227 0.405 0.385 23 IFCAMSC 0.390 -0.005 4856.3 0.396 32.50 1.28 237.2
9.9 8.639 8.380 5069 BLDPLNT 8.500 41.48 0.47 794.8 0.100 0.060 0.070 0.065 94 INIX 0.065 Unch 943.8 0.065 24.07 16.5
6.3 1.697 1.320 1.670 1.660 5254 BPLANT 1.660 0.010 435.2 1.661 11.60 8.43 2,656.0 0.240 0.100 0.170 0.165 10 IRIS 0.165 -0.005 3899 0.170 407.9
7.5 0.953 0.624 0.850 0.825 8982 CEPAT 0.845 UNCH 121.1 0.840 9.40 1.78 269.1 2.290 0.450 2.090 1.890 146 JFTECH 1.900 -0.140 2082.5 1.921 56.55 0.53 239.4
1.8 8.350 7.455 7.950 7.950 1929 CHINTEK 7.950 UNCH 5 7.950 40.92 2.39 726.3 3.280 0.594 3.280 3.100 127 JHM 3.180 0.100 2015.3 3.213 30.93 786.9
1.4 0.545 0.385 0.450 0.435 3948 DUTALND 0.445 0.010 504.1 0.443 376.5 0.270 0.130 0.200 0.195 111 K1 0.195 -0.005 2254.7 0.197 101.2
3.3 9.100 7.205 5029 FAREAST 8.950 9.26 3.35 1,265.4 0.115 0.025 0.035 0.030 36 KGROUP 0.030 Unch 3476 0.030 51.3
6.9 2.506 1.412 1.610 1.570 5222 FGV 1.590 -0.010 5245.6 1.582 56.58 0.63 5,800.6 0.935 0.200 0.935 0.860 176 KRONO 0.880 0.030 31201.5 0.902 22.06 237.9
8.2 11.679 10.104 10.720 10.660 2291 GENP 10.680 -0.060 4.5 10.688 20.08 0.94 8,579.8 0.190 0.045 0.080 0.075 17 M3TECH 0.080 -0.005 2901.2 0.080 46.9
2.0 0.675 0.500 0.605 0.600 7382 GLBHD 0.600 0.010 131 0.600 133.7 0.340 0.205 0.340 0.310 75 MEXTER 0.320 Unch 6372.9 0.328 71.3
8.3 1.532 1.105 1.300 1.300 2135 GOPENG 1.300 UNCH 29 1.300 42.76 3.08 233.1 0.590 0.420 155 MGRC 0.455 103.4 47.1
7.9 0.895 0.750 7501 HARNLEN 0.760 141.0 1.570 0.870 0.920 0.900 126 MICROLN 0.920 Unch 53 0.917 200.0 154.0
6.0 2.650 2.300 2.620 2.590 5138 HSPLANT 2.590 -0.010 9 2.601 14.62 4.25 2,072.0 0.595 0.306 0.500 0.480 112 MIKROMB 0.485 Unch 2897.4 0.490 19.64 1.63 208.8
4.8 3.616 2.932 3.090 3.060 2216 IJMPLNT 3.090 0.040 6.5 3.076 23.66 2.27 2,721.0 0.465 0.065 0.155 0.145 85 MLAB 0.150 Unch 6826.5 0.150 29.1
1.5 0.734 0.651 0.675 0.660 2607 INCKEN 0.665 -0.005 271.8 0.666 1.68 279.8 0.200 0.160 0.190 0.180 34 MMAG 0.185 Unch 2253.5 0.182 50.8
6.1 1.475 0.614 1.070 1.070 6262 INNO 1.070 UNCH 1.9 1.070 13.48 1.87 512.4 1.870 0.503 1.870 1.750 113 MMSV 1.780 -0.010 2146.2 1.808 20.72 1.12 290.1
0.8 4.810 4.140 4.510 4.450 1961 IOICORP 4.510 0.050 679.5 4.496 97.41 2.00 28,340.2 0.245 0.060 0.065 0.065 103 MNC 0.065 Unch 207 0.065 20.97 28.3
9.5 25.137 22.501 24.980 24.760 2445 KLK 24.800 0.040 249 24.787 20.65 2.02 26,474.1 0.310 0.145 0.280 0.255 156 MPAY 0.265 -0.010 30620.2 0.270 188.3
8.7 3.500 3.070 2453 KLUANG 3.200 71.59 0.31 202.2 0.735 0.130 0.450 0.395 92 MTOUCHE 0.400 -0.040 16330.5 0.419 363.64 50.9
6.1 4.060 3.079 4.000 3.960 5027 KMLOONG 3.980 -0.020 8 3.980 14.92 3.77 1,241.0 0.874 0.625 0.735 0.730 108 N2N 0.735 -0.005 15 0.732 28.05 2.72 350.4
4.2 0.695 0.491 0.545 0.540 1996 KRETAM 0.540 -0.005 131 0.543 30.86 1.85 1,256.9 0.110 0.015 0.045 0.040 20 NETX 0.045 Unch 2216.9 0.044 56.3
9.9 1.750 1.220 6572 KWANTAS 1.420 8.90 442.6 0.065 0.035 0.040 0.035 96 NEXGRAM 0.040 Unch 1542.5 0.036 75.3
6.2 1.550 1.240 4936 MALPAC 1.360 130.7 102.0 0.115 0.070 0.080 0.075 26 NOVAMSC 0.080 0.005 619.1 0.075 54.7
0.4 0.963 0.777 0.855 0.855 5026 MHC 0.855 UNCH 10 0.855 12.01 1.75 168.0 0.685 0.555 0.595 0.590 35 OPCOM 0.590 -0.010 80.8 0.591 13.26 95.1
7.1 2.388 1.700 5047 NPC 1.850 7.09 0.54 222.0 0.414 0.316 0.355 0.350 40 OPENSYS 0.350 Unch 956 0.354 17.24 2.86 104.3
4.0 4.239 3.735 4.050 4.050 2038 NSOP 4.050 -0.030 2.9 4.050 32.79 1.48 284.3 0.380 0.125 0.145 0.140 79 ORION 0.145 0.005 7529.3 0.140 86.8
3.0 0.315 0.190 0.230 0.230 1902 PINEPAC 0.230 UNCH 48 0.230 34.5 0.090 0.045 0.090 0.075 5 PALETTE 0.080 0.005 30696.5 0.084 25.6
4.4 1.380 0.920 1.100 1.100 9695 PLS 1.100 UNCH 8 1.100 359.4 0.230 0.135 0.180 0.175 123 PRIVA 0.175 -0.005 1560.2 0.176 1.14 97.7
6.0 0.550 0.430 0.440 0.435 5113 RSAWIT 0.440 -0.005 207.1 0.437 624.1 0.175 0.055 0.115 0.100 7 PUC 0.110 -0.010 17782.3 0.107 44.00 136.2
8.8 4.100 3.346 2542 RVIEW 3.660 17.66 1.64 237.4 0.980 0.482 0.980 0.930 106 REXIT 0.945 0.015 5230.5 0.964 23.80 4.23 178.9
6.2 3.180 2.900 2569 SBAGAN 3.000 0.67 199.0 0.375 0.218 0.360 0.340 178 SEDANIA 0.345 Unch 6094.2 0.350 2.90 77.9
0.5 0.720 0.505 4316 SHCHAN 0.610 18.21 73.2 0.190 0.055 0.130 0.120 60 SKH 0.120 Unch 3635 0.125 42.86 66.5
2.2 3.965 3.247 3.610 3.560 5126 SOP 3.580 0.020 29.6 3.591 10.32 1.40 2,043.4 0.300 0.155 0.185 0.180 117 SMRT 0.180 Unch 247 0.181 64.9
3.0 1.900 1.560 1.610 1.580 5135 SWKPLNT 1.590 -0.040 38.3 1.591 12.30 445.2 0.440 0.100 0.210 0.200 169 SMTRACK 0.210 Unch 544.2 0.203 18.2
0.730 0.535 0.550 0.540 2054 TDM 0.540 -0.005 376 0.544 19.71 0.93 895.3 0.355 0.232 0.320 0.315 93 SOLUTN 0.315 -0.005 1479.8 0.316 12.40 3.17 96.5
3.9 1.207 0.998 1.140 1.110 5112 THPLANT 1.140 0.030 331.4 1.131 6.09 5.26 1,007.6 0.360 0.080 0.215 0.195 129 SRIDGE 0.200 0.005 5677.6 0.204 24.2
4.5 1.977 1.560 1.730 1.710 9059 TSH 1.710 0.010 349.5 1.720 62.18 1.17 2,362.9 0.470 0.155 0.455 0.415 50 SYSTECH 0.425 0.015 32650.8 0.437 50.00 0.71 134.9
7.6 6.450 5.330 6.450 6.380 2593 UMCCA 6.420 0.020 32.5 6.404 15.89 3.12 1,343.8 0.190 0.140 0.150 0.140 132 TDEX 0.140 Unch 1566.4 0.144 116.67 57.8
5.1 28.700 25.323 28.200 28.200 2089 UTDPLT 28.200 UNCH 0.1 28.200 15.23 1.42 5,869.4 1.300 0.189 1.240 1.150 120 VIS 1.170 -0.010 1946.4 1.201 18.51 0.43 129.5
1.8 HOTELS 0.244 0.115 0.140 0.135 69 VIVOCOM 0.140 Unch 22597.4 0.136 12.50 454.1
9.9 0.628 0.483 0.520 0.520 5592 GCE 0.520 UNCH 30 0.520 3.85 102.4 0.145 0.065 0.100 0.100 66 VSOLAR 0.100 Unch 61.1 0.100 37.4
5.3 1.000 0.680 0.835 0.820 1643 LANDMRK 0.835 UNCH 151 0.829 441.6 0.070 0.020 141 WINTONI 0.035 18.0
2.4 0.265 0.115 0.135 0.130 1287 PMHLDG 0.135 -0.005 5623.1 0.135 125.4 0.275 0.080 0.205 0.195 86 YGL 0.200 Unch 1728.4 0.202 46.5
5.3 5.295 4.860 4.980 4.950 5517 SHANG 4.980 -0.010 203.5 4.961 27.48 2.81 2,191.2 TRADING SERVICES
8.1 TECHNOLOGY 0.400 0.150 0.270 0.235 122 AIM 0.270 0.015 60 0.253 71.8
1.9 0.715 0.585 7031 AMTEL 0.630 57.27 31.0 0.165 0.060 0.110 0.105 48 ANCOMLB 0.110 0.005 192.5 0.110 52.1
3.2 0.420 0.180 0.320 0.310 5195 CENSOF 0.310 -0.010 2104.5 0.313 10.84 155.5 0.240 0.120 0.135 0.130 150 ASIABIO 0.130 -0.005 667 0.131 33.33 58.5
6.5 0.400 0.105 0.280 0.270 51 CUSCAPI 0.270 -0.005 1289.4 0.273 129.4 0.275 0.155 0.190 0.185 187 BCMALL 0.185 -0.010 3697.6 0.190 23.42 77.9
4.0 0.729 0.283 0.660 0.625 7204 D&O 0.625 -0.015 15245.9 0.647 42.23 623.8 0.404 0.302 11 BTECH 0.320 18.60 4.78 80.6
7.8 0.710 0.110 0.430 0.415 8338 DATAPRP 0.420 0.005 3511.8 0.421 177.0 0.320 0.170 157 FOCUSP 0.220 36.3
6.0 0.235 0.150 0.165 0.160 29 DIGISTA 0.160 -0.005 576.6 0.161 10.39 95.9 1.009 0.386 1.000 0.955 185 HSSEB 0.955 -0.035 5573.9 0.977 19.22 0.66 304.7
4.1 1.578 1.304 1.430 1.430 5162 ECS 1.430 -0.020 18 1.430 8.62 4.20 257.4 0.900 0.520 147 INNITY 0.730 62.39 101.0
7.3 1.230 0.539 1.190 1.160 65 EFORCE 1.170 -0.020 477.6 1.179 87.31 1.07 484.1 0.345 0.235 0.245 0.245 180 KTC 0.245 Unch 165 0.245 34.51 125.0
5.6 2.950 1.077 2.800 2.760 90 ELSOFT 2.770 -0.030 326.7 2.790 21.19 1.44 759.4 0.350 0.130 0.270 0.265 167 MCLEAN 0.265 -0.005 73 0.266 22.84 47.4
9.3 1.870 0.790 1.620 1.570 21 GHLSYS 1.590 0.010 2770.6 1.598 54.27 0.31 1,048.5 0.440 0.260 0.260 0.260 81 MEGASUN 0.260 -0.015 0.1 0.260 11.26 57.0
5.8 0.455 0.210 0.380 0.360 82 GPACKET 0.365 0.010 13570.5 0.369 5.39 276.9 0.280 0.165 0.210 0.210 153 OVERSEA 0.210 0.005 0.1 0.210 100.00 51.7
4.3 0.260 0.175 0.240 0.230 56 GRANFLO 0.240 UNCH 210.3 0.233 2.08 115.9 0.200 0.115 0.165 0.160 177 PASUKGB 0.160 -0.005 1736.3 0.160 129.9
7.6 6.350 2.636 6.190 6.060 7022 GTRONIC 6.100 -0.040 338.9 6.117 63.15 0.66 1,737.2 0.380 0.230 6 PINEAPP 0.300 187.5 14.6
424 0.980 0.510 0.870 0.855 5028 HTPADU 0.860 -0.015 181.6 0.861 10.15 5.81 87.1 0.375 0.201 0.355 0.345 171 PLABS 0.350 Unch 1501.9 0.349 20.11 2.00 75.2
7.0 2.580 1.980 2.550 2.500 166 INARI 2.510 -0.030 4951.8 2.512 23.95 2.49 5,019.1 0.015 0.005 110 RA 0.005 2.63 4.8
5.8 0.435 0.075 0.215 0.205 9393 ITRONIC 0.210 0.005 377 0.208 21.6 0.615 0.280 0.425 0.405 32 REDTONE 0.405 -0.020 290.3 0.417 306.8
8.2 0.688 0.453 0.605 0.585 5161 JCY 0.605 0.010 5732.2 0.597 88.97 8.26 1,256.5 1.080 0.298 0.960 0.920 173 REV 0.935 0.005 3247.1 0.939 8.41 125.9
9.9 16.216 6.298 15.120 14.920 9334 KESM 15.000 -0.120 89.5 15.004 16.69 0.43 645.2 0.726 0.477 158 SCC 0.600 13.79 5.05 84.7
5.0 0.180 0.060 0.135 0.125 143 KEYASIC 0.130 -0.005 4702.2 0.129 115.7 0.275 0.160 0.195 0.190 161 SCH 0.190 -0.005 1478.7 0.193 105.56 4.47 78.3
5.7 14.280 7.086 14.140 13.780 3867 MPI 14.020 0.200 84.2 14.014 15.08 1.93 2,942.6 0.230 0.100 0.165 0.155 140 STERPRO 0.160 -0.005 7187.1 0.160 44.7
0.2 1.420 0.975 1.380 1.360 5011 MSNIAGA 1.360 -0.050 8 1.373 20.54 82.1 0.205 0.103 0.205 0.195 80 STRAITS 0.200 0.005 4031.8 0.199 76.92 73.6
2.8 1.327 0.343 1.210 1.180 83 NOTION 1.180 -0.040 507.7 1.198 30.81 2.12 390.1 1.360 0.955 1.280 1.270 89 TEXCYCL 1.270 -0.030 28 1.274 13.55 0.39 216.9
2.6 0.605 0.430 0.485 0.455 9008 OMESTI 0.485 0.015 144.3 0.465 208.9 0.230 0.100 0.225 0.205 145 TFP 0.205 -0.020 1851.3 0.215 42.0
9.3 0.375 0.260 0.300 0.285 41 PANPAGE 0.285 UNCH 288.2 0.289 75.7 0.165 0.095 0.105 0.105 165 XOX 0.105 Unch 3415.5 0.105 89.4
4.450 0.980 4.300 4.190 7160 PENTA 4.200 -0.080 322.6 4.232 19.58 615.6 FINANCE
3.4 0.610 0.250 0.385 0.375 9075 THETA 0.375 UNCH 50.3 0.377 40.2 0.810 0.386 0.705 0.695 53 OSKVI 0.695 0.005 112.5 0.701 4.91 2.88 137.3
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
28 Markets T UESDAY AU G U ST 8, 2 0 17 TH EEDGE F I N AN C I AL DAI LY TUE

B U R S A M A L AY S I A E Q U I T Y D E R I VAT I V E S

Bursa Malaysia Equity Derivatives YEAR

HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE WARRANTS CLOSE
(RM)
+/-
(RM)
VOL PARENT
(000)
EXE
PRICE PRICE
PRM
(%)
EXPIRY
DATE
Ch
0.055 0.025 0.035 0.030 7096WA GPA-WA 0.035 Unch 91.6 0.095 0.100 42.11 03/06/2025 str
Main Market & Ace Market Warrants 0.195 0.145 0.145 0.145 7022CK GTRONIC-CK 0.145 -0.010 60 6.100 6.000 12.62 08/01/2018

YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PRM EXPIRY
0.275
0.745
0.095
0.310
0.165 0.165
0.705 0.655
7676WB
4324CA
GUNUNG-WB
HENGYUAN-CA
0.165
0.675
-0.005
Unch 8804.6
30 0.425 0.400
8.310 6.000
32.94
37.18
02/10/2020
22/02/2018
SH
HIGH LOW HIGH LOW (RM) (RM) (000) PRICE PRICE (%) DATE 1.520 0.830 1.510 1.480 5095WB HEVEA-WB 1.490 0.010 87.9 1.750 0.250 -0.57 28/02/2020 acr
0.165
0.320
0.035
0.160
0.040
0.210
0.035
0.205
5238C7
5238WA
AAX-C7
AAX-WA
0.040
0.205
Unch
-0.005
415
2588.7
0.380
0.380
0.430
0.460
23.68
75.00
31/10/2017
08/06/2020
0.220
0.530
0.075
0.265
0.185 0.165
0.320 0.315
5072WB
5169WA
HIAPTEK-WB
HOHUP-WA
0.175
0.320
0.010 17423.5
Unch 120.1
0.390 0.500
0.740 0.600
73.08
24.32
23/06/2021
21/12/2018
los
0.120 0.035 0.080 0.075 7146WA AEM-WA 0.075 Unch 559.1 0.175 0.250 85.71 17/12/2019 0.390 0.270 0.315 0.310 5160WA HOMERIZ-WA 0.315 Unch 53.7 0.970 0.920 27.32 09/07/2020 con
0.165 0.005 0.010 0.010 6599CH AEON-CH 0.010 0.005 93.4 2.120 2.520 20.05 18/09/2017 0.230 0.115 0.165 0.160 7213WB HOVID-WB 0.160 Unch 203.1 0.330 0.180 3.03 05/06/2018
0.140 0.125 0.140 0.140 6599CK AEON-CK 0.140 0.015 500 2.120 2.250 19.34 22/02/2018 0.050 0.010 0.015 0.010 7013WA HUBLINE-WA 0.015 0.005 600.5 0.060 3.200 5,258 04/11/2019
0.465 0.110 0.365 0.335 5139CB AEONCR-CB 0.335 -0.040 329 13.120 11.000 0.86 16/10/2017 0.045 0.015 0.025 0.020 9601WD HWGB-WD 0.025 Unch 80.1 0.050 0.080 110.0 15/03/2021 to
0.330 0.050 0.205 0.190 7315WB AHB-WB 0.190 -0.010 840.9 0.295 0.200 32.20 28/08/2019 0.055
0.195
0.015
0.055
0.030 0.030
0.090 0.090
0174WA
3336C5
IDMENSN-WA
IJM-C5
0.030
0.090
Unch
Unch
210.7
90
0.060 0.100
3.440 3.500
116.6
5.67
14/07/2020
29/12/2017
Co
0.330 0.070 0.260 0.250 509947 AIRASIAC47 0.250 Unch 1114.5 3.300 2.600 1.52 31/10/2017
0.190 0.075 0.095 0.090 509948 AIRASIAC48 0.090 Unch 40 3.300 3.000 0.45 16/08/2017 0.250 0.075 0.235 0.220 0166C2 INARI-C2 0.220 -0.010 1325 2.510 2.150 3.19 08/12/2017
0.235 0.110 0.145 0.135 509952 AIRASIAC52 0.135 Unch 2260 3.300 3.200 9.24 31/10/2017 1.800 1.300 1.720 1.690 0166WB INARI-WB 1.690 -0.010 202.4 2.510 0.800 -0.80 17/02/2020 inv
0.045 0.015 0.025 0.025 0094WA INIX-WA 0.025 Unch 210 0.065 0.100 92.31 16/11/2020
0.200
0.180
0.090
0.060
0.145
0.090
0.140
0.085
509953
509954
AIRASIAC53
AIRASIAC54
0.145
0.085
0.010
-0.005
111
9105.9
3.300
3.300
3.200
3.600
10.15
16.05
02/02/2018
31/10/2017 0.545 0.160 0.465 0.450 3379WB INSAS-WB 0.455 -0.010 6384.4 1.030 1.000 41.26 25/02/2020 Ch
0.210 0.135 0.170 0.170 509956 AIRASIAC56 0.170 0.005 600 3.300 2.900 9.52 29/12/2017 0.180 0.060 0.065 0.065 196113 IOICORP-C13 0.065 0.005 30.5 4.510 4.400 1.88 31/10/2017 this
0.180
0.420
0.145
0.160
0.180
0.300
0.180
0.290
509957
7609WA
AIRASIAC57
AJIYA-WA
0.180
0.290
Unch
-0.010 1689.6
54 3.300
0.740
3.200
0.920
13.33
63.51
08/01/2018
28/08/2021
0.070
0.070
0.020
0.020
0.045 0.040
0.060 0.055
7183WA
0024WA
IRETEX-WA
JAG-WA
0.045
0.060
Unch
0.005
152.9
11283
0.180 0.800
0.150 0.100
369.44
6.67
10/06/2019
14/08/2019 res
0.610 0.085 0.325 0.310 1015CX AMBANK-CX 0.325 0.020 275.5 4.930 4.150 0.66 29/09/2017 0.120 0.035 0.040 0.035 5161C2 JCY-C2 0.040 Unch 11720 0.605 0.635 11.57 16/10/2017 opt
0.045
0.315
0.005
0.140
0.005
0.145
0.005
0.145
0159WA
6556CC
AMEDIA-WA
ANNJOO-CC
0.005
0.145
-0.005
Unch 151.5
70 0.085
3.050
1.100
2.800
1,200
8.44
02/01/2018
31/10/2017
0.170
0.830
0.045
0.205
0.080 0.080
0.630 0.620
9083WB
7167WA
JETSON-WB
JOHOTIN-WA
0.080
0.620
Unch
-0.015
100
75.6
0.280 0.750
1.480 0.850
196.43
-0.68
06/02/2019
21/11/2017
spa
0.270 0.115 0.120 0.120 6556CD ANNJOO-CD 0.120 Unch 145 3.050 3.000 12.13 08/12/2017 0.150 0.060 0.060 0.060 4383CO JTIASA-CO 0.060 Unch 120 1.110 1.200 18.92 08/01/2018
0.135
0.265
0.110
0.045
0.110
0.055
0.110
0.055
6556CE
9342WB
ANNJOO-CE
ANZO-WB
0.110
0.055
-0.010
-0.005
100
100
3.050
0.100
3.100
0.250
17.87
205.0
02/02/2018
25/08/2023
0.225
0.105
0.110
0.030
0.140 0.135
0.035 0.030
0170WA
5247C1
KANGER-WA
KAREX-C1
0.140
0.030
Unch
-0.010 1830.2
33 0.215 0.100
1.480 1.950
11.63
37.84
13/04/2020
28/12/2017
hig
0.335 0.090 0.245 0.245 0119WA APPASIA-WA 0.245 Unch 95 0.355 0.130 5.63 23/12/2024 0.115 0.105 0.115 0.105 5247C4 KAREX-C4 0.105 Unch 185 1.480 1.550 15.37 30/04/2018 at
0.255 0.100 0.125 0.120 521024 ARMADA-C24 0.120 Unch 437 0.685 0.600 5.11 30/11/2017 0.115
0.070
0.005
0.005
0.005 0.005
0.005 0.005
5247CW
5247CX
KAREX-CW
KAREX-CX
0.005
0.005
Unch
Unch
385
100
1.480 2.100
1.480 2.300
42.91
56.59
29/09/2017
30/11/2017
qua
0.100 0.065 0.065 0.065 521028 ARMADA-C28 0.065 Unch 553 0.685 0.750 19.93 30/01/2018
0.350 0.070 0.070 0.070 0068WB ASDION-WB 0.070 -0.005 275 0.165 0.500 245.4 24/03/2019 0.200 0.015 0.020 0.015 5247CZ KAREX-CZ 0.020 -0.015 430.1 1.480 2.200 51.35 02/02/2018 the
0.110 0.045 0.055 0.055 0150WA ASIABIO-WA 0.055 -0.005 173.2 0.130 0.300 173.08 19/04/2024 0.035
0.155
0.010
0.070
0.020 0.020
0.135 0.130
3115WC
7161CB
KBUNAI-WC
KERJAYA-CB
0.020
0.135
Unch
0.005
3895
1489.9
0.055 0.131
3.600 3.350
174.55
9.93
20/10/2023
30/11/2017
pos
0.155 0.055 0.090 0.085 0105WA ASIAPLY-WA 0.085 -0.005 132.4 0.170 0.100 8.82 13/12/2020
0.090 0.040 0.050 0.050 6399C3 ASTRO-C3 0.050 -0.005 50 2.630 2.900 14.07 22/12/2017 0.200 0.120 0.175 0.175 7161CD KERJAYA-CD 0.175 Unch 5.5 3.600 3.400 11.46 25/01/2018
0.765 0.095 0.345 0.270 7099WB ATTA-WB 0.320 0.055 6349 1.070 1.000 23.36 09/05/2022 0.195 0.180 0.195 0.180 7161CE KERJAYA-CE 0.185 0.005 1872 3.600 3.600 15.42 22/02/2018 infl
0.810
0.035
0.225
0.010
0.325
0.020
0.275
0.015
7099WC
0072WA
ATTA-WC
AT-WA
0.315
0.020
0.065
Unch
198.3
579.9
1.070
0.040
1.000
0.090
22.90
175.00
18/11/2024
28/01/2019
0.490
0.030
0.065
0.010
0.400 0.385
0.015 0.010
0151WA
0036WB
KGB-WA
KGROUP-WB
0.390
0.015
-0.010
Unch
226.2
381.2
0.650 0.500
0.030 0.050
36.92
116.67
12/06/2019
01/05/2020 cou
0.040 0.020 0.025 0.025 0072WB AT-WB 0.025 0.005 0.1 0.040 0.030 37.50 17/10/2019 0.880 0.620 0.705 0.705 5171WA KIMLUN-WA 0.705 0.005 15 2.350 1.680 1.49 12/03/2024 out
0.260
0.730
0.070
0.210
0.120
0.585
0.115
0.580
688815
7078WA
AXIATA-C15
AZRB-WA
0.120
0.580
0.010
-0.010
15
185
4.830
1.100
4.650
0.700
3.73
16.36
31/10/2017
13/05/2024
0.155
0.150
0.120
0.070
0.140 0.140
0.080 0.070
5027CA
7164WB
KMLOONG-CA
KNM-WB
0.140
0.070
0.005
-0.010
10.7
180
3.980 3.700
0.235 1.000
3.52
355.32
16/10/2017
21/04/2020 wil
0.120 0.025 0.030 0.030 5248CR BAUTO-CR 0.030 0.005 60 1.950 2.100 10.77 29/12/2017 0.160 0.070 0.090 0.090 7017WB KOMARK-WB 0.090 0.005 190.1 0.250 0.300 56.00 21/01/2020
0.170
0.450
0.100
0.260
0.110
0.340
0.105
0.335
7241WA
5258WA
BHS-WA
BIMB-WA
0.110
0.335
0.005
Unch
117.1
319.7
0.385
4.410
0.600
4.720
84.42
14.63
18/10/2020
04/12/2023
1.400
0.650
0.410
0.450
1.250 1.250
0.535 0.535
5878WB
9385WA
KPJ-WB
LAYHONG-WA
1.250
0.535
-0.030
-0.005
120
20
4.190 4.010
0.915 0.400
25.54
2.19
23/01/2019
13/10/2021
car
0.155 0.070 0.100 0.100 6998WA BINTAI-WA 0.100 0.005 80 0.200 0.200 50.00 15/06/2020 0.835 0.370 0.700 0.700 5789WB LBS-WB 0.700 -0.020 8.9 1.990 1.250 -2.01 04/10/2020 as
0.230
0.160
0.095
0.060
0.150
0.085
0.140
0.080
0179WA
3395WB
BIOHLDG-WA
BJCORP-WB
0.145
0.080
0.005
-0.005
6868.3
50.8
0.250
0.325
0.220
1.000
46.00
232.3
05/01/2022
22/04/2022
0.035
0.080
0.015
0.015
0.025 0.020
0.025 0.020
5284CA
5284CB
LCTITAN-CA
LCTITAN-CB
0.025
0.020
-0.005
-0.005
3434.4
7702.2
4.340 6.800
4.340 7.800
58.99
81.57
12/02/2018
12/02/2018
like
0.175 0.050 0.100 0.095 3395WC BJCORP-WC 0.100 0.005 120 0.325 1.000 238.4 29/05/2026 0.265 0.040 0.045 0.040 5284CD LCTITAN-CD 0.040 -0.010 2428 4.340 6.500 52.53 30/01/2018 tigh
0.370 0.035 0.325 0.310 7187WA BKOON-WA 0.310 -0.015 2003.1 0.510 0.200 0.00 07/07/2023 0.465
0.120
0.100
0.015
0.130 0.115
0.030 0.025
5284CE
5284CF
LCTITAN-CE
LCTITAN-CF
0.115
0.025
-0.010
-0.005
1975.4
3410
4.340 5.500
4.340 6.280
34.68
48.73
30/01/2018
30/01/2018
cla
0.084 0.040 0.040 0.040 7036WB BORNOIL-WB 0.040 Unch 200 0.100 0.060 0.00 28/02/2018
0.081 0.040 0.045 0.040 7036WC BORNOIL-WC 0.045 Unch 2847.9 0.100 0.070 15.00 08/11/2025 0.095 0.020 0.035 0.035 5284CG LCTITAN-CG 0.035 Unch 100 4.340 6.500 54.61 30/04/2018 wh
0.065 0.045 0.045 0.045 7036WD BORNOIL-WD 0.045 Unch 1908.9 0.100 0.070 15.00 29/05/2027 0.250 0.150 0.185 0.185 7126WA LONBISC-WA 0.185 0.005 14 0.750 1.000 58.00 26/01/2020
0.120 0.060 0.060 0.060 9938WB BRIGHT-WB 0.060 Unch 80 0.320 0.820 175.0 12/01/2019 0.095 0.020 0.065 0.060 5068WA LUSTER-WA 0.060 Unch 730 0.115 0.100 39.13 03/06/2022
0.435 0.060 0.305 0.295 181811 BURSA-C11 0.295 -0.005 1473.3 10.540 8.900 -1.57 30/11/2017 0.095
0.060
0.020
0.015
0.065 0.060
0.045 0.040
5068WB
0017WA
LUSTER-WB
M3TECH-WA
0.065
0.040
0.005
Unch
300
1180.1
0.115 0.100
0.080 0.100
43.48
75.00
26/05/2023
21/08/2019
S
0.315 0.095 0.125 0.125 181812 BURSA-C12 0.125 Unch 140 10.540 10.500 4.96 30/11/2017
0.150 0.090 0.130 0.125 181813 BURSA-C13 0.125 Unch 100 10.540 10.500 5.55 30/03/2018 0.750 0.275 0.615 0.605 7617WB MAGNA-WB 0.605 -0.010 131.9 1.500 0.900 0.33 04/09/2020
0.812 0.303 0.730 0.710 7174WA CAB-WA 0.710 -0.050 209.7 0.915 0.170 -3.83 08/02/2020 0.265 0.115 0.120 0.115 8583WB MAHSING-WB 0.115 -0.010 1057.2 1.570 1.440 -0.96 16/03/2018
0.160 0.020 0.025 0.020 7076CD CBIP-CD 0.025 -0.005 89.8 2.010 2.000 1.99 18/08/2017 0.170 0.085 0.135 0.125 8583WC MAHSING-WC 0.135 0.005 32.7 1.570 2.100 42.36 21/02/2020
0.470 0.290 0.375 0.335 7076WA CBIP-WA 0.375 Unch 12.2 2.010 2.400 38.06 06/11/2019 0.105 0.075 0.105 0.080 5264C1 MALAKOF-C1 0.090 0.015 7518 1.040 1.000 13.46 30/01/2018
0.220 0.045 0.135 0.130 5195WB CENSOF-WB 0.130 -0.005 544.7 0.310 0.460 90.32 07/10/2019 0.150 0.075 0.150 0.085 5264C2 MALAKOF-C2 0.085 0.010 1093.7 1.040 1.050 9.13 30/04/2018
0.310 0.100 0.225 0.215 102321 CIMB-C21 0.225 0.010 274.3 6.680 6.200 4.60 31/10/2017 0.100 0.005 0.005 0.005 5264CT MALAKOF-CT 0.005 Unch 300 1.040 1.500 44.71 31/10/2017
0.335 0.150 0.285 0.275 102322 CIMB-C22 0.280 0.015 205 6.680 5.700 2.10 24/11/2017 0.100 0.010 0.020 0.020 5264CW MALAKOF-CW 0.020 0.010 800 1.040 1.200 19.23 29/09/2017
0.175 0.170 0.170 0.170 102323 CIMB-C23 0.170 Unch 25 6.680 6.500 11.30 02/02/2018 0.090 0.010 0.020 0.015 5264CX MALAKOF-CX 0.015 0.005 2356.1 1.040 1.300 27.16 16/10/2017
0.155 0.085 0.135 0.130 102324 CIMB-C24 0.130 0.005 430 6.680 7.000 12.57 28/12/2017 0.060 0.025 0.040 0.030 5264CZ MALAKOF-CZ 0.030 Unch 7328 1.040 1.300 29.33 22/12/2017
0.205 0.040 0.125 0.125 0102WA CONNECT-WA 0.125 0.010 185.2 0.205 0.100 9.76 17/09/2021 0.990 0.085 0.405 0.380 6181WB MALTON-WB 0.380 -0.025 2165.8 0.995 1.000 38.69 29/06/2018
0.205 0.035 0.130 0.125 0102WB CONNECT-WB 0.125 0.005 267.5 0.205 0.100 9.76 07/06/2021 0.630 0.350 0.495 0.475 5236WA MATRIX-WA 0.475 -0.020 150 2.730 2.400 5.31 20/07/2020
0.250 0.025 0.145 0.140 0051WA CUSCAPI-WA 0.140 -0.005 642 0.270 0.270 51.85 24/04/2018 0.190 0.005 0.005 0.005 6012CW MAXIS-CW 0.005 -0.005 10 5.790 6.000 3.93 29/09/2017
0.470 0.305 0.320 0.305 5276WA DANCO-WA 0.315 -0.015 140 0.510 0.300 20.59 22/05/2022 0.160 0.020 0.025 0.025 6012CX MAXIS-CX 0.025 0.005 100 5.790 5.900 3.63 28/08/2017
0.035 0.005 0.010 0.010 7179WB DBE-WB 0.010 Unch 243 0.025 0.050 140.0 22/01/2022 0.230 0.140 0.190 0.180 115528 MAYBANKC28 0.180 -0.005 70 9.700 9.500 3.88 31/10/2017
0.030 0.005 0.010 0.010 0152WA DGB-WA 0.010 Unch 892.2 0.045 0.110 166.67 22/04/2018 0.230 0.115 0.190 0.190 115529 MAYBANKC29 0.190 0.005 50 9.700 9.000 1.60 16/10/2017
0.165 0.120 0.135 0.130 115530 MAYBANKC30 0.130 0.005 18.4 9.700 9.100 4.54 24/11/2017
M
0.105 0.060 0.075 0.065 727715 DIALOG-C15 0.075 0.005 601 1.940 1.850 6.96 31/10/2017
0.075 0.050 0.055 0.050 694720 DIGI-C20 0.055 -0.005 300 4.800 5.200 11.77 22/12/2017 0.190 0.120 0.160 0.145 115531 MAYBANKC31 0.150 0.005 1012.8 9.700 9.500 2.58 28/02/2018
0.165 0.050 0.080 0.075 0029WB DIGISTA-WB 0.075 -0.010 12 0.160 0.260 109.38 04/04/2023 0.230 0.095 0.140 0.100 1171C2 MBSB-C2 0.125 0.010 119.8 1.230 1.300 15.85 02/02/2018
0.370 0.045 0.275 0.245 4456WD DNEX-WD 0.250 -0.020 33772.5 0.520 0.500 44.23 30/07/2021 0.090 0.030 0.035 0.030 1171CY MBSB-CY 0.035 -0.005 3167.9 1.230 1.250 10.16 29/09/2017
0.140 0.060 0.090 0.085 7114WA DNONCE-WA 0.090 Unch 265.1 0.285 0.250 19.30 25/11/2020 0.080 0.035 0.035 0.035 1171CZ MBSB-CZ 0.035 Unch 70 1.230 1.450 25.00 30/11/2017
0.145 0.055 0.070 0.065 5265WA DOLPHIN-WA 0.065 Unch 274.6 0.245 0.800 253.06 29/03/2021 0.260 0.040 0.140 0.140 0167WB MCLEAN-WB 0.140 Unch 91.5 0.265 0.250 47.17 07/10/2020
0.340 0.180 0.300 0.290 7169WA DOMINAN-WA 0.300 -0.010 51.7 1.260 1.300 26.98 10/09/2020 0.085 0.025 0.040 0.040 5040WB MEDAINC-WB 0.040 -0.005 50 0.430 0.800 95.35 22/04/2022
0.070 0.035 0.045 0.045 7198WB DPS-WB 0.045 Unch 159.4 0.080 0.100 81.25 15/01/2025 0.065 0.025 0.045 0.040 5040WC MEDAINC-WC 0.045 Unch 80 0.430 0.800 96.51 24/08/2024
0.260
0.180
0.030
0.030
0.080
0.030
0.070
0.030
161926
161927
DRBHCOMC26
DRBHCOMC27
0.080
0.030
0.010
-0.010
1174.2
10
1.680
1.680
1.550
1.700
-0.60
4.76
30/08/2017
22/08/2017
0.365
0.230
0.140
0.095
0.215 0.215
0.230 0.200
1694WB
0075WA
MENANG-WB
MEXTER-WA
0.215
0.200
-0.005
-0.005
258.7
8718.2
0.860 1.000
0.320 0.130
41.28
3.13
09/07/2019
17/09/2018 Bu
0.180 0.060 0.080 0.080 161932 DRBHCOMC32 0.080 Unch 203 1.680 1.450 -0.36 30/08/2017 2.330 0.430 1.970 1.970 3069WA MFCB-WA 1.970 Unch 18 3.800 2.220 10.26 08/04/2020
0.195 0.060 0.100 0.095 161933 DRBHCOMC33 0.095 Unch 855.1 1.680 1.650 9.52 31/10/2017 0.050 0.020 0.040 0.040 7219WA MINETEC-WA 0.040 Unch 10 0.135 0.150 40.74 27/11/2019 Ma
0.125 0.080 0.090 0.085 161937 DRBHCOMC37 0.090 -0.005 250.1 1.680 1.850 20.83 30/03/2018 0.355 0.170 0.200 0.170 5576WC MINHO-WC 0.200 0.020 3.1 0.525 0.500 33.33 02/08/2021
0.050 0.040 0.040 0.040 161941 DRBHCOMC41 0.040 Unch 750 1.680 2.150 35.12 30/03/2018 0.220 0.035 0.040 0.035 381610 MISC-C10 0.040 -0.005 100 7.500 7.700 4.91 30/08/2017 Y
0.070 0.055 0.060 0.055 5216CY DSONIC-CY 0.060 -0.005 300 1.170 1.300 21.37 30/03/2018 0.125 0.030 0.030 0.030 3816C9 MISC-C9 0.030 Unch 24 7.500 7.500 2.40 18/08/2017 H
0.055 0.045 0.045 0.045 5216CZ DSONIC-CZ 0.045 -0.005 300 1.170 1.380 25.64 30/03/2018 0.625 0.365 0.510 0.505 9571WD MITRA-WD 0.510 Unch 78.4 1.350 1.090 18.52 23/08/2020 0.
0.225 0.030 0.030 0.030 3417C7 E&O-C7 0.030 Unch 20 1.600 1.850 19.38 30/11/2017 1.125 0.645 0.680 0.650 6114WB MKH-WB 0.680 Unch 104.2 2.220 1.550 0.45 29/12/2017 0.
0.320 0.120 0.180 0.180 3417WB E&O-WB 0.180 Unch 46.9 1.600 2.600 73.75 21/07/2019 0.115 0.020 0.050 0.045 0085WA MLAB-WA 0.050 Unch 382 0.150 0.100 0.00 24/04/2020 0.
0.065 0.020 0.035 0.035 0154WB EAH-WB 0.035 -0.010 35.9 0.085 0.120 82.35 24/02/2019 0.115 0.090 0.090 0.090 2194C6 MMCCORP-C6 0.090 Unch 47 2.350 2.450 11.91 30/04/2018 0.
0.065 0.025 0.035 0.035 0154WC EAH-WC 0.035 Unch 65 0.085 0.100 58.82 18/06/2019 0.055 0.020 0.030 0.030 0103WA MNC-WA 0.030 Unch 825 0.065 0.100 100.00 05/11/2021 0.
0.195 0.090 0.130 0.125 3557WC ECOFIRS-WC 0.130 -0.005 250.8 0.290 0.300 48.28 10/09/2019 0.070 0.020 0.025 0.025 0070WA MQTECH-WA 0.025 Unch 20.1 0.055 0.100 127.27 21/11/2021 0.
0.150 0.080 0.145 0.140 5253CA ECONBHD-CA 0.140 0.010 932 2.770 2.500 5.42 30/11/2017 0.135 0.020 0.025 0.025 165115 MRCB-C15 0.025 Unch 585 1.170 1.800 57.05 24/11/2017 0.
0.190 0.095 0.105 0.105 8206CF ECOWLD-CF 0.105 0.005 50 1.560 1.600 12.66 02/02/2018 0.065 0.055 0.060 0.055 165121 MRCB-C21 0.055 Unch 498.3 1.170 1.400 26.71 30/04/2018 0.
0.170 0.080 0.095 0.090 8206CG ECOWLD-CG 0.095 0.005 210 1.560 1.500 8.33 30/11/2017 0.175 0.085 0.090 0.085 1651WA MRCB-WA 0.090 Unch 3918.3 1.170 2.300 104.27 14/09/2018 0.
0.175 0.070 0.085 0.085 8206CH ECOWLD-CH 0.085 0.005 200 1.560 1.600 10.74 08/12/2017 0.080 0.010 0.010 0.010 0092WA MTOUCHE-WA 0.010 -0.005 50 0.400 1.260 217.50 17/01/2018 0.
0.130 0.070 0.070 0.070 8206CI ECOWLD-CI 0.070 Unch 5.4 1.560 1.700 17.95 25/01/2018 0.220 0.030 0.110 0.105 0092WB MTOUCHE-WB 0.105 -0.005 1024.1 0.400 0.540 61.25 16/03/2020 0.
0.710 0.365 0.495 0.485 8206WA ECOWLD-WA 0.495 0.005 82 1.560 2.080 65.06 26/03/2022 0.370 0.105 0.230 0.220 5703CD MUHIBAH-CD 0.230 0.010 110 2.820 2.600 3.07 29/12/2017 0.
0.140 0.045 0.060 0.055 0107WA EDUSPEC-WA 0.055 -0.005 418.3 0.145 0.180 62.07 24/12/2018 0.160 0.140 0.150 0.150 5703CE MUHIBAH-CE 0.150 -0.005 25 2.820 3.300 26.06 12/02/2018 0.
0.945 0.360 0.835 0.805 0065WA EFORCE-WA 0.820 -0.015 195.1 1.170 0.340 -0.85 17/07/2019 0.190 0.075 0.100 0.085 13815 MYEG-C15 0.095 0.010 413 2.100 2.000 8.36 29/09/2017 0.
0.670 0.415 0.430 0.415 8907WC EG-WC 0.420 -0.005 94.7 0.800 0.500 15.00 03/11/2020 0.255 0.100 0.125 0.120 13816 MYEG-C16 0.120 -0.005 201.7 2.100 2.000 6.67 02/02/2018 0.
0.030 0.005 0.015 0.015 7182WA EKA-WA 0.015 Unch 100 0.080 0.200 168.75 22/01/2019 0.170 0.075 0.075 0.075 13817 MYEG-C17 0.075 -0.005 530 2.100 2.300 18.45 30/11/2017 0.
0.140 0.025 0.035 0.030 8877CA EKOVEST-CA 0.035 -0.005 725.2 1.110 1.600 48.87 08/12/2017 0.070 0.070 0.070 0.070 13821 MYEG-C21 0.070 Unch 15 2.100 2.280 21.90 30/03/2018 0.
0.090 0.045 0.055 0.055 8877CC EKOVEST-CC 0.055 Unch 448.8 1.110 1.300 29.50 28/12/2017 0.480 0.115 0.335 0.325 0138C8 MYEG-C8 0.330 -0.020 105 2.100 1.567 0.80 31/10/2017 0.
1.350 0.247 0.820 0.800 8877WB EKOVEST-WB 0.810 -0.010 935.9 1.110 0.480 16.22 25/06/2019 0.460 0.140 0.305 0.305 0138C9 MYEG-C9 0.305 0.005 20 2.100 1.600 0.40 16/08/2017 0.
0.630 0.310 0.420 0.410 5056WA ENGTEX-WA 0.410 -0.010 196 1.260 0.830 -1.59 25/10/2017 0.065 0.005 0.025 0.020 0020WB NETX-WB 0.025 Unch 945.1 0.045 0.050 66.67 08/06/2019 0.
0.120 0.050 0.050 0.050 5283CA EWINT-CA 0.050 -0.010 50 1.060 1.200 22.64 02/02/2018 0.030 0.015 0.020 0.020 0096WA NEXGRAM-WA 0.020 Unch 118 0.040 0.100 200.0 16/05/2022 0.
0.060 0.020 0.020 0.020 5283CE EWINT-CE 0.020 Unch 1666.8 1.060 1.350 32.08 30/11/2017 0.035 0.015 0.020 0.020 0096WC NEXGRAM-WC 0.020 Unch 2104.8 0.040 0.100 200.0 15/01/2024 0.
0.450 0.260 0.270 0.265 5283WA EWINT-WA 0.265 -0.005 466.9 1.060 1.450 61.79 02/04/2022 0.415 0.190 0.320 0.310 0172WA OCK-WA 0.310 Unch 971.9 0.905 0.710 12.71 15/12/2020 0.
0.570 0.100 0.515 0.500 7047WB FAJAR-WB 0.500 -0.010 1103.1 0.945 0.700 26.98 24/09/2019 0.255 0.060 0.145 0.130 7071WC OCR-WC 0.135 -0.020 86 0.565 0.500 12.39 24/07/2021 0.
0.180 0.115 0.160 0.160 06501R FBMKLCI-C1R 0.160 0.020 10 1,777 1,670 0.23 29/09/2017 0.185 0.155 0.155 0.155 5201CA OLDTOWN-CA 0.155 -0.015 100 2.740 2.800 19.16 02/02/2018 0.
0.080 0.040 0.050 0.045 06501X FBMKLCI-C1X 0.050 0.010 75 1,777 1,765 1.24 30/11/2017 0.280 0.045 0.070 0.050 9008WB OMESTI-WB 0.060 Unch 794.9 0.485 0.500 15.46 30/05/2018 0.
0.060 0.030 0.040 0.040 06503A FBMKLCI-C3A 0.040 0.010 30 1,777 1,785 1.97 29/12/2017 0.370 0.195 0.275 0.265 5053WC OSK-WC 0.275 0.005 86.1 1.600 1.800 29.69 22/07/2020 0.
0.160 0.045 0.045 0.045 06502Z FBMKLCI-H2Z 0.045 -0.005 45.7 1,777 1,765 1.05 30/11/2017 0.250 0.080 0.250 0.235 7052CI PADINI-CI 0.250 0.040 35 3.980 2.800 1.76 29/09/2017 0.
0.135 0.105 0.105 0.105 06504D FBMKLCI-H4D 0.105 -0.005 50 1,777 1,800 5.38 31/01/2018 0.310 0.155 0.310 0.290 7052CJ PADINI-CJ 0.310 0.040 29.7 3.980 3.150 2.51 30/11/2017 0.
0.135 0.020 0.020 0.020 522226 FGV-C26 0.020 -0.005 45 1.590 2.200 41.64 31/10/2017 0.310 0.180 0.310 0.310 7052CK PADINI-CK 0.310 0.070 15 3.980 3.200 3.77 28/02/2018 0.
0.085 0.010 0.015 0.015 522227 FGV-C27 0.015 -0.005 4006.8 1.590 2.450 56.45 16/10/2017 0.055 0.025 0.055 0.040 0005WA PALETTE-WA 0.050 0.015 39052.7 0.080 0.040 12.50 20/03/2018 0.
0.155 0.045 0.050 0.045 522228 FGV-C28 0.045 -0.005 370 1.590 2.050 36.01 02/02/2018 0.300 0.080 0.250 0.240 5125WA PANTECH-WA 0.250 0.005 239.3 0.655 0.500 14.50 21/12/2020 0.
0.130 0.055 0.055 0.055 522229 FGV-C29 0.055 -0.005 10 1.590 2.100 40.72 08/01/2018 0.300 0.105 0.250 0.245 5125WB PANTECH-WB 0.245 -0.010 270 0.655 0.500 13.74 21/12/2021 0.
0.195 0.105 0.115 0.105 522230 FGV-C30 0.110 -0.005 6368.2 1.590 1.600 20.00 28/12/2017 0.270 0.145 0.155 0.155 5022WA PAOS-WA 0.155 -0.015 20 0.540 0.500 21.30 14/12/2021 0.
0.145 0.100 0.110 0.105 522231 FGV-C31 0.105 -0.005 521 1.590 1.630 19.03 30/03/2018 0.120 0.070 0.105 0.075 129513 PBBANK-C13 0.105 Unch 200 20.660 19.800 -0.10 16/08/2017 0.
0.150 0.110 0.110 0.110 522232 FGV-C32 0.110 -0.005 120 1.590 1.650 21.07 30/01/2018 0.100 0.035 0.055 0.040 129514 PBBANK-C14 0.055 0.010 936.9 20.660 21.000 3.78 29/09/2017 0.
0.100 0.075 0.075 0.075 522234 FGV-C34 0.075 -0.005 3 1.590 1.880 32.39 30/03/2018 0.135 0.100 0.130 0.105 129515 PBBANK-C15 0.130 Unch 182 20.660 20.300 1.40 30/04/2018 0.
0.090 0.075 0.075 0.075 522237 FGV-C37 0.075 -0.005 920 1.590 1.900 30.35 30/01/2018 0.240 0.015 0.030 0.025 518310 PCHEM-C10 0.030 0.005 29.1 7.030 7.100 2.49 18/08/2017 0.
0.130 0.065 0.085 0.085 9318WB FITTERS-WB 0.085 Unch 26.6 0.400 1.000 171.25 12/10/2019 0.140 0.130 0.140 0.135 518311 PCHEM-C11 0.140 0.010 60 7.030 7.150 11.66 30/01/2018 0.
0.740 0.230 0.590 0.565 9261WB GADANG-WB 0.570 Unch 3955.5 0.570 1.060 185.96 29/11/2021 0.255 0.035 0.055 0.055 5183C9 PCHEM-C9 0.055 Unch 14 7.030 7.000 2.31 29/09/2017 0.
0.130 0.075 0.095 0.095 539836 GAMUDA-C36 0.095 0.005 250 5.400 5.350 6.11 08/12/2017 0.060 0.045 0.050 0.050 518301 PCHEM-MC01 0.050 Unch 100 7.030 7.800 15.22 14/12/2017 0.
1.480 1.140 1.400 1.380 5398WE GAMUDA-WE 1.390 Unch 547.2 5.400 4.050 0.74 06/03/2021 0.400 0.200 0.255 0.240 9997WB PENSONI-WB 0.255 0.015 1030.8 0.690 0.600 23.91 20/01/2024 0.
0.455 0.120 0.370 0.355 5226WA GBGAQRS-WA 0.360 Unch 7157 1.580 1.300 5.06 20/07/2018 0.485 0.135 0.380 0.370 8311WC PESONA-WC 0.370 -0.015 111.6 0.625 0.250 -0.80 27/01/2020 0.
0.330 0.100 0.175 0.165 0078CD GDEX-CD 0.165 -0.005 168.6 0.670 0.600 8.02 31/10/2017 0.130 0.095 0.095 0.095 5681CS PETDAG-CS 0.095 -0.005 30 23.80 24.10 5.25 30/03/2018 0.
0.125 0.090 0.090 0.090 0078CF GDEX-CF 0.090 Unch 15 0.670 0.650 17.16 02/02/2018 0.315 0.085 0.295 0.280 3042CC PETRONM-CC 0.280 -0.005 3347.5 9.710 6.500 1.54 29/09/2017 0.
0.572 0.117 0.470 0.455 0078WB GDEX-WB 0.460 Unch 160 0.670 0.383 25.75 05/02/2020 0.460 0.210 0.430 0.375 3042CD PETRONM-CD 0.375 -0.055 10275.5 9.710 8.500 33.88 22/02/2018 0.
0.300 0.130 0.225 0.225 471524 GENM-C24 0.225 -0.005 3.1 6.050 5.500 3.93 29/12/2017 2.600 2.200 2.450 2.440 8869WC PMETAL-WC 2.450 0.010 82.5 2.860 0.390 -0.70 22/08/2019 0.
1.950 1.240 1.760 1.730 3182WA GENTING-WA 1.750 Unch 1024.8 9.760 7.960 -0.51 18/12/2018 1.050 0.640 1.020 0.975 7088WB POHUAT-WB 1.000 0.035 2689.3 2.030 1.000 -1.48 21/10/2020 0.
0.230 0.070 0.110 0.105 1147WA GOB-WA 0.105 -0.010 433.7 0.360 0.800 151.39 24/12/2019 0.135 0.105 0.135 0.125 463411 POS-C11 0.135 0.010 92 5.370 5.300 10.01 30/04/2018 0.
0.085 0.025 0.055 0.055 0074WA GOCEAN-WA 0.055 Unch 403.2 0.170 0.340 132.35 07/08/2019 0.455 0.110 0.350 0.335 4634C3 POS-C3 0.350 0.015 110 5.370 4.000 0.56 30/08/2017 0.
 T U E SDAY AU G U S T 8 , 2 017 T HEED G E FINA NCIA L DA ILY
Markets 2 9
B U R S A M A L AY S I A E Q U I T Y D E R I VAT I V E S

RY
ATE
China Stocks end higher on hopes for Still, most economists expect higher People are quite comfortable with the Carmakers had conservative earnings
025 strong July data funding costs resulting from the crackdown broader picture right now ... they are are outlooks in the beginning of this fiscal year,
018 will filter through into the broader economy betting on the resources sector because of so the fact that Toyota raised its forecast
020
018
SHANGHAI: China stocks ended higher eventually, dragging down on growth. confidence in the macroeconomy, and also is boosting sentiment, said Hikaru Sato, a
020 across the board yesterday, shaking off early The tech-heavy start-up board index the action on reducing [excess] capacity, senior technical analyst at Daiwa Securities.
021
018
losses, as investors bet upcoming data will ChiNext reflected strength in technology said Alex Wong, Hong Kong-based director The market has been happy with
020 continue to show strong economic growth. shares, gaining 0.7% for the day. of Ample Finance Group. quarterly Japanese corporate earnings
018
019
The blue-chip CSI 300 Index rose 0.52% Healthcare shares were also strong, Citic Securities and Chalco are dual- so far, and positive sentiment will likely
021 to 3,726.88 points, while the Shanghai rising 0.6%. Jiangsu Hengrui Medicine listed in Hong Kong and Shanghai. last this week.
020
017
Composite Index gained 0.53% to 3,279.46. Co, the largest constituent of the CSI 300 The US dollar, which briefly sank below
017 Analysts had attributed early losses to Health Care Index, rose 1.2%. Japan Nikkei rises on boost from 110 to a seven-week low previous week,
020 investors taking a wait-and-see approach to Hong Kong stocks posted modest gains Toyota, yen slide; Topix hits two-year finally pulled ahead after stronger-than-
020
020 Chinese data scheduled to start rolling out yesterday, buoyed by strength in technology high expected jobs growth in July.
017 this week, starting with foreign exchange firms as well as Chinese resource and Last Friday, the closely watched US
019
019 reserves data due late yesterday. But rising financial shares. TOKYO: Japans Nikkei Share Average rose jobs data showed US non-farm payrolls
017 optimism that growth will remain buoyant The Hang Seng index ended up 0.46% at yesterday, led by sharp gains for Toyota rose by a better-than-expected 209,000
019
017
sparked buying in the afternoon. 27,690.36 points, while the China Enterprises Motor Corp after it raised its earnings jobs last month, and Junes employment
018 Expectations at the moment are relatively Index gained 0.47% to 11,054.41. outlook, while a weaker yen following gain was revised higher.
020
017
high, said Cao Xuefeng, head of research Information technology firms were strong US jobs data underpinned overall In Asian trade, the US dollar was up
018 at Huaxi Securities in Chengdu. Second the top performers, with the sector index sentiment. 0.1% at 110.785 after rising as high as
017
017
quarter (2Q) data were much better than what advancing 2.9%. Social media and gaming Toyota surged 2% after the worlds No 111.05 last Friday.
018 the market had expected, so there are now giant Tencent Holdings Ltd rose 3% to 2 automaker raised its full-year outlook Another big mover was Toshiba Corp,
023
017
positive expectations for last weeks data. close at a record high of HK$320.60. last Friday thanks to favourable exchange which soared more than 5.9% after the
018 China will post trade data today and Expectations that China will report rates. Nikkan Kogyo Shimbun newspaper
018 inflation tomorrow. Bank lending numbers strong July economic data in coming weeks Another winner was construction reported yesterday that Toshibas auditors
019
020 could come later this week, while industrial also buoyed shares of Hong Kong-listed company Kajima Corp, jumping 5.3% to will sign off on its financial results for the
024 output, retail sales and investment readings Chinese financials as well as resources a near 21-year high after the company year ended March.
017
020 will be released next Monday. and building materials firms. reported a 65.6% jump in its April to June Toshibas auditor, Pricewaterhouse
020 Analysts expect the data to show China Citic Securities was among the big net profit. Coopers Aarata, is expected to issue a
019
021
carried solid momentum into the 3Q after winners, rising 1.5%, while the broader The Nikkei ended 0.52% higher to so-called unqualified opinion approving
020 a strong first half. That scenario would mainland financials index ended up 0.5%. 20,055.89. The broader Topix gained 0.5% to the firms accounts or a qualified opinion
018
018
likely encourage authorities to maintain a Among resource stocks, shares in 1,639.27, the highest closing level since August indicating some minor problems with
018 tighter policy stance and continue with their Aluminum Corp of China (Chalco) surged 2015, though overall trade was thin, with only the books, to meet Thursdays deadline
018
018
clampdown on riskier types of financing 6.3%, taking its gains in the last three 1.5 billion shares changing hands on the main imposed by the Tokyo Stock Exchange.
018 which has periodically rattled stock markets. months to more than 50%. board, the lowest level in two weeks. Reuters
020
022
023
019
Shanghai Composite Hang Seng Nikkei 225 ASX 200
020 Index points Index points Index points
Index points
018 5800 28900 20800 6000
020
018
018 4825 25625 21,056.93 17625
017 5150
017 3,279.46
017 3850 +17.38 22350 14450
(+0.53%) 20,055.89
017 3,087.842
10,172.06 +103.56 5,773.558
018 (+0.52%) 4300 +52.975
020 2875 19075 27,690.36 11275 (+0.93%)
017 +127.68
017 (+0.46%) 4,686.53
017 1900 15800 8100 3450
017
017
Mar 1, 2010 Aug 7, 2017 Mar 1, 2010 Aug 7, 2017 Mar 1, 2010 Aug 4, 2017 Mar 1, 2010 Aug 7, 2017
018
018
017
017
020
022
024
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PRM EXPIRY
019
018 Bursa Malaysia Equity Derivatives HIGH
1.160
LOW
0.300
HIGH
0.350
LOW
0.340 7200WA TEKSENG-WA
(RM)
0.350
(RM)
0.010
(000)
250.6
PRICE PRICE
0.555 0.250
(%)
8.11
DATE
29/01/2020
020
0.195 0.085 0.110 0.100 534735 TENAGA-C35 0.100 -0.005 437.1 14.180 13.800 1.55 30/11/2017
019 Main Market & Ace Market Warrants 0.490 0.250 0.270 0.250 7252WA TEOSENG-WA 0.260 0.010 44.4 0.885 1.350 81.92 29/01/2020
021
017 YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PRM EXPIRY 0.160 0.040 0.150 0.130 0145WA TFP-WA 0.135 -0.010 2397.1 0.205 0.100 14.63 15/02/2019
017 HIGH LOW HIGH LOW (RM) (RM) (000) PRICE PRICE (%) DATE 3.560 2.620 2.680 2.680 7034WA TGUAN-WA 2.680 -0.050 5 4.200 1.500 -0.48 09/10/2019
020 0.105 0.060 0.060 0.060 7889WB THRIVEN-WB 0.060 -0.005 37.5 0.235 0.640 197.87 05/10/2020
0.285 0.130 0.170 0.150 4634C8 POS-C8 0.165 0.010 150 5.370 5.100 7.26 31/10/2017
017 0.025 0.005 0.010 0.010 7079WB TIGER-WB 0.010 Unch 1000.6 0.060 0.170 200.00 23/12/2018
0.370 0.140 0.230 0.225 4634C9 POS-C9 0.230 0.020 130 5.370 4.900 10.52 16/10/2017
020 0.040 0.010 0.025 0.020 7079WC TIGER-WC 0.020 Unch 199.2 0.060 0.080 66.67 11/02/2021
0.710 0.198 0.635 0.630 7168WA PRG-WA 0.630 -0.005 71 1.030 0.375 -2.43 06/07/2019
018 0.315 0.125 0.170 0.160 0101WB TMCLIFE-WB 0.160 -0.005 1459.6 0.760 0.750 19.74 21/06/2019
0.710 0.425 0.455 0.455 8966WA PRLEXUS-WA 0.455 -0.010 10 1.260 1.200 31.35 14/06/2021
021 0.810 0.510 0.695 0.685 8397WC TNLOGIS-WC 0.695 0.020 85.5 1.690 1.000 0.30 26/12/2018
0.145 0.040 0.085 0.085 7145WA PSIPTEK-WA 0.085 Unch 576 0.145 0.100 27.59 16/11/2019
021 0.485 0.109 0.460 0.435 7285WA TOMYPAK-WA 0.455 0.020 431.1 1.020 0.930 35.78 21/06/2021
0.140 0.020 0.060 0.055 0007WA PUC-WA 0.060 Unch 2725.6 0.110 0.100 45.45 25/12/2024
017 0.185 0.050 0.110 0.095 711316 TOPGLOV-C16 0.095 -0.020 200 5.660 5.400 2.12 30/08/2017
0.145 0.015 0.055 0.045 0007WB PUC-WB 0.050 -0.005 5393 0.110 0.100 36.36 15/02/2019
018 0.200 0.035 0.160 0.160 711317 TOPGLOV-C17 0.160 Unch 80 5.660 5.200 4.59 29/12/2017
0.750 0.215 0.660 0.630 7134WA PWF-WA 0.630 -0.015 286.1 1.080 0.620 15.74 20/07/2021
018 0.200 0.040 0.050 0.045 7173WA TOYOINK-WA 0.050 Unch 242.8 0.730 1.500 112.33 20/04/2018
0.170 0.020 0.100 0.095 5256WA REACH-WA 0.095 Unch 3148.3 0.405 0.750 108.64 12/08/2022
018 0.365 0.200 0.210 0.200 7176WA TPC-WA 0.200 -0.015 62 0.405 0.200 -1.23 19/01/2021
0.110 0.035 0.035 0.035 1066C2 RHBBANK-C2 0.035 Unch 18 5.000 5.600 14.10 28/02/2018
020 0.425 0.110 0.290 0.280 5042WB TSRCAP-WB 0.280 -0.035 53 0.670 0.700 46.27 28/12/2020
0.090 0.060 0.065 0.060 5270WA RSENA-WA 0.060 Unch 530 0.455 0.500 23.08 01/12/2023
017 0.175 0.015 0.015 0.015 5230CN TUNEPRO-CN 0.015 Unch 250 1.050 1.500 45.00 30/11/2017
0.040 0.015 0.015 0.015 0133WC SANICHI-WC 0.015 Unch 52.5 0.060 0.210 275.00 24/09/2019
018 0.150 0.045 0.055 0.055 514841 UEMS-C41 0.055 0.005 296.3 1.170 1.140 6.84 31/10/2017
0.050 0.020 0.025 0.025 0133WD SANICHI-WD 0.025 Unch 310 0.060 0.100 108.33 21/07/2019
017 0.085 0.005 0.010 0.005 514842 UEMS-C42 0.010 Unch 994.2 1.170 1.400 21.37 29/09/2017
0.215 0.065 0.215 0.195 5157WA SAUDEE-WA 0.195 -0.005 2130.1 0.455 0.500 52.75 31/03/2021
018 0.100 0.020 0.030 0.030 514845 UEMS-C45 0.030 Unch 120 1.170 1.200 9.49 31/10/2017
0.025 0.005 0.010 0.010 0109WB SCBUILD-WB 0.010 -0.005 239.8 0.030 0.050 100.00 06/11/2019
017 0.060 0.060 0.060 0.060 514846 UEMS-C46 0.060 Unch 50 1.170 1.300 17.52 30/03/2018
0.185 0.055 0.100 0.095 0161WA SCH-WA 0.095 Unch 598 0.190 0.100 2.63 04/12/2021
018 0.150 0.105 0.120 0.120 514847 UEMS-C47 0.120 0.005 84.2 1.170 1.000 5.98 30/01/2018
0.190 0.055 0.125 0.125 0028WA SCOPE-WA 0.125 -0.005 49.9 0.235 0.150 17.02 17/07/2020
017 0.195 0.070 0.090 0.085 7091WA UNIMECH-WA 0.090 Unch 64.8 1.070 1.500 48.60 18/09/2018
0.785 0.160 0.615 0.580 7073WB SEACERA-WB 0.615 0.035 649.4 1.370 1.000 17.88 29/05/2019
017 0.305 0.085 0.305 0.290 5005CU UNISEM-CU 0.295 0.015 386 4.030 2.700 3.60 16/10/2017
0.170 0.010 0.035 0.035 5250CF SEM-CF 0.035 -0.010 424.6 1.410 1.550 14.89 28/11/2017
019 0.395 0.195 0.395 0.370 5005CV UNISEM-CV 0.380 0.040 190 4.030 3.100 5.21 30/11/2017
0.270 0.035 0.040 0.035 521838 SENERGYC38 0.040 -0.005 348 1.480 1.650 16.89 30/11/2017
022 0.210 0.085 0.210 0.165 5005CW UNISEM-CW 0.165 -0.015 398.9 4.030 3.450 4.03 31/10/2017
0.100 0.025 0.025 0.025 521845 SENERGYC45 0.025 Unch 100 1.480 2.000 38.51 28/02/2018
024 0.200 0.115 0.200 0.160 5005CX UNISEM-CX 0.170 -0.010 386.2 4.030 3.450 4.59 30/11/2017
0.110 0.070 0.070 0.070 521846 SENERGYC46 0.070 -0.010 50 1.480 1.700 25.74 30/01/2018
020 0.230 0.135 0.230 0.175 5005CY UNISEM-CY 0.195 -0.005 189 4.030 4.000 13.77 08/01/2018
0.170 0.120 0.130 0.130 5279CA SERBADK-CA 0.130 0.005 378.3 1.920 2.000 21.09 02/02/2018
021 0.164 0.025 0.055 0.050 0069WB VIVOCOM-WB 0.050 Unch 9681.3 0.140 0.200 78.57 07/09/2018
0.205 0.055 0.190 0.185 7165WA SGB-WA 0.185 0.010 141.9 0.660 0.600 18.94 07/04/2021
018 0.180 0.050 0.080 0.075 0069WC VIVOCOM-WC 0.080 Unch 507.8 0.140 0.100 28.57 22/01/2020
0.190 0.120 0.175 0.165 7155CE SKPRES-CE 0.170 0.015 120 1.400 1.200 3.93 25/01/2018
018 0.175 0.055 0.080 0.075 0069WD VIVOCOM-WD 0.080 Unch 706.7 0.140 0.100 28.57 08/07/2020
0.110 0.110 0.110 0.110 7155CF SKPRES-CF 0.110 Unch 20 1.400 1.400 15.71 08/01/2018
020 0.055 0.020 0.025 0.025 7070WB VIZIONE-WB 0.025 -0.005 5 0.115 0.160 60.87 20/06/2018
0.245 0.110 0.120 0.120 9776WB SMCAP-WB 0.120 0.010 20 0.615 1.000 82.11 13/07/2018
017 0.095 0.030 0.070 0.070 7070WC VIZIONE-WC 0.070 Unch 50 0.115 0.100 47.83 05/02/2022
0.405 0.135 0.260 0.205 5213WA SNTORIA-WA 0.260 0.045 45.3 0.815 0.600 5.52 15/04/2019
017 0.650 0.200 0.620 0.580 7240WA VOIR-WA 0.580 -0.065 229.2 0.985 0.500 9.64 31/03/2024
0.845 0.650 0.715 0.715 5242WA SOLID-WA 0.715 -0.060 2 1.240 0.500 -2.02 16/12/2020
018 0.235 0.155 0.220 0.215 6963CM VS-CM 0.220 Unch 450 2.180 1.800 2.75 30/11/2017
0.285 0.130 0.215 0.215 0093WA SOLUTN-WA 0.215 -0.005 289.8 0.315 0.200 31.75 04/07/2021
018 0.180 0.115 0.160 0.160 6963CN VS-CN 0.160 0.005 95 2.180 2.000 6.42 08/12/2017
0.210 0.050 0.055 0.055 8664CV SPSETIA-CV 0.055 Unch 10 3.330 3.400 8.71 31/10/2017
020 0.055 0.010 0.015 0.015 0066WA VSOLAR-WA 0.015 Unch 870.1 0.100 0.120 35.00 01/12/2017
0.400 0.080 0.120 0.095 8664CW SPSETIA-CW 0.105 0.010 251.8 3.330 3.400 6.83 29/12/2017
021 0.690 0.240 0.625 0.610 6963WA VS-WA 0.610 -0.010 3245 2.180 1.650 3.67 06/01/2019
0.200 0.020 0.030 0.030 8664CY SPSETIA-CY 0.030 0.005 50 3.330 3.900 18.92 08/12/2017
021 0.135 0.040 0.040 0.040 3565CA WCEHB-CA 0.040 Unch 750 1.380 1.650 25.36 30/11/2017
0.140 0.035 0.080 0.075 0129WA SRIDGE-WA 0.075 Unch 1209.7 0.200 0.180 27.50 24/02/2023
017 0.215 0.035 0.040 0.035 9679C1 WCT-C1 0.040 Unch 945 1.870 2.250 25.03 30/11/2017
0.125 0.020 0.065 0.055 0140WA STERPRO-WA 0.055 Unch 243.5 0.160 0.480 234.38 17/02/2021
017 0.170 0.030 0.035 0.030 9679C2 WCT-C2 0.030 -0.010 143 1.870 2.300 26.20 08/12/2017
0.065 0.015 0.025 0.025 1201WA SUMATEC-WA 0.025 Unch 39.2 0.050 0.320 590.00 03/03/2021
018 0.340 0.050 0.060 0.060 9679CZ WCT-CZ 0.060 Unch 99.3 1.870 2.000 11.76 31/10/2017
0.060 0.015 0.020 0.015 1201WB SUMATEC-WB 0.015 -0.005 974.9 0.050 0.175 280.00 13/11/2018
017 0.665 0.170 0.215 0.210 9679WD WCT-WD 0.210 -0.005 1254.3 1.870 1.710 2.67 11/12/2017
0.500 0.110 0.500 0.500 5263CH SUNCON-CH 0.500 0.040 8 2.180 1.700 0.92 30/08/2017
018 0.570 0.175 0.320 0.315 9679WE WCT-WE 0.320 0.005 858.4 1.870 2.080 28.34 27/08/2020
0.160 0.110 0.160 0.160 5263CJ SUNCON-CJ 0.160 0.015 62.5 2.180 1.840 2.75 31/10/2017
017 0.930 0.490 0.680 0.680 7245WA WZSATU-WA 0.680 Unch 11.9 1.090 0.500 8.26 28/10/2024
0.125 0.100 0.125 0.125 5263CK SUNCON-CK 0.125 0.010 90 2.180 2.200 12.39 08/01/2018
017 0.220 0.020 0.145 0.140 5156WC XDL-WC 0.145 Unch 4.3 0.255 0.160 19.61 02/07/2018
0.505 0.145 0.420 0.400 3743WA SUNSURIA-WA 0.400 -0.005 202.3 1.450 1.500 31.03 22/07/2020
024 0.110 0.035 0.060 0.055 0165WA XOX-WA 0.055 Unch 610 0.105 0.200 142.86 10/02/2019
0.325 0.100 0.265 0.265 0148WA SUNZEN-WA 0.265 -0.025 11.4 0.365 0.100 0.00 14/04/2019
020 0.185 0.050 0.065 0.065 7020WB YKGI-WB 0.065 Unch 130 0.210 0.500 169.05 28/05/2020
0.235 0.060 0.180 0.175 0148WB SUNZEN-WB 0.175 Unch 546.5 0.365 0.250 16.44 25/02/2021
018 1.100 0.635 0.955 0.920 7066WA YONGTAI-WA 0.930 0.010 713.4 1.370 0.500 4.38 24/06/2020
0.155 0.050 0.055 0.050 710627 SUPERMX-C27 0.055 0.005 380 1.890 2.000 11.64 02/02/2018
017 0.075 0.035 0.035 0.035 467711 YTL-C11 0.035 Unch 499 1.420 1.600 17.61 30/01/2018
0.085 0.070 0.070 0.070 710629 SUPERMX-C29 0.070 -0.005 530 1.890 1.900 12.01 30/01/2018
018 0.100 0.030 0.040 0.035 4677C8 YTL-C8 0.040 Unch 63.1 1.420 1.500 8.45 29/12/2017
0.220 0.130 0.140 0.140 7082WB SYF-WB 0.140 Unch 118.8 0.485 0.700 73.20 11/11/2019
019 0.090 0.045 0.050 0.050 4677C9 YTL-C9 0.050 0.005 50 1.420 1.400 5.63 07/12/2017
0.365 0.125 0.235 0.225 1538WB SYMLIFE-WB 0.235 0.005 26.5 0.905 1.100 47.51 11/11/2020
020 0.115 0.045 0.060 0.060 6742C1 YTLPOWR-C1 0.060 Unch 50 1.430 1.400 2.10 28/02/2018
0.165 0.040 0.070 0.065 5158CD TAGB-CD 0.065 0.005 1957 0.340 0.300 7.35 31/10/2017
018 0.450 0.320 0.335 0.330 6742WB YTLPOWR-WB 0.330 Unch 157 1.430 1.140 2.80 11/06/2018
0.330 0.170 0.190 0.190 8524WB TALIWRK-WB 0.190 Unch 10 1.470 1.700 28.57 11/11/2018
017 0.125 0.040 0.055 0.050 2283WA ZELAN-WA 0.050 Unch 1326 0.130 0.250 130.77 25/01/2019
0.130 0.060 0.075 0.075 0132WA TDEX-WA 0.075 -0.005 449.7 0.140 0.110 32.14 21/09/2018
Please refer to the Bursa Malaysia website for the prices of loan stocks, bonds and overseas structure warrants
30 Markets T U ESDAY AU G U ST 8, 2 0 17 TH EEDGE FI N AN C I AL DAI LY

INSIDER MOVES . TRADING THEMES . EVENTS . FOREX

Insider moves (Filings on Aug 4, 2017) Trading themes

Insider Moves show what substantial shareholders are doing with their stakes, which could be a signal of their views on the companys outlook. Background checks for gun sales fall
COMPANY SHARES ACQUIRED DIRECTOR/SUBSTANTIAL SHARES HELD TRANSACTION
(DISPOSED) SHAREHOLDER AFTER CHANGE DATE Background checks related to firearm purchases suffered their deepest decline in over
APFT 20,000,000 GOH BOON SOO @ GOH YANG ENG 29,027,000 2/8 three years in July, suggesting a deep slump in sales despite price discounts aimed at
APFT (3,000,000) GOH BOON SOO @ GOH YANG ENG 3/8
ASIA FILE CORPORATION (15,000) AMANAHRAYA TRUSTEES 43,883,000 2/8 improving customer demand following US President Donald Trumps election.
- SKIM AMANAH SAHAM BUMIPUTERA
ASTRO MALAYSIA 725,300 EMPLOYEES PROVIDENT FUND BOARD 320,766,300 1/8
AXIATA GROUP 1,796,300 EMPLOYEES PROVIDENT FUND BOARD 1,455,262,590 28/7
AXIATA GROUP 2,470,000 EMPLOYEES PROVIDENT FUND BOARD 1,457,732,590 27 & 31/7
AXIS REAL ESTATE 223,900 EMPLOYEES PROVIDENT FUND BOARD 139,787,264 1/8
INVESTMENT TRUST
BIMB (100,000)EMPLOYEES PROVIDENT FUND BOARD 204,335,401 1/8
BOUSTEAD 409,700LEMBAGA TABUNG ANGKATAN TENTERA 1,224,792,518 28 & 31/7
BRITISH AMERICAN TOBACCO (M) (321,200)EMPLOYEES PROVIDENT FUND BOARD 15,152,802 1/8
BUMI ARMADA 1,000,000EMPLOYEES PROVIDENT FUND BOARD 332,282,780 1/8
CAHYA MATA SARAWAK (290,000)EMPLOYEES PROVIDENT FUND BOARD 128,870,427 31/7
CIMB GROUP 2,124,498KUMPULAN WANG PERSARAAN 510,766,225 26 & 27/7
(DIPERBADANKAN)
CIMB GROUP (12,790,000) EMPLOYEES PROVIDENT FUND BOARD 1,156,429,623 26 & 27/7
CYPARK RESOURCES 472,800 EMPLOYEES PROVIDENT FUND BOARD 24,798,600 26 - 28
31/7 & 1/8
DIGI.COM 1,870,300 EMPLOYEES PROVIDENT FUND BOARD 1,057,082,294 31/7 & 1/8
EASTERN & ORIENTAL 1,000,000 LEMBAGA TABUNG HAJI 91,341,629 1 & 2/8
EWEIN 50,100 HIJAUWASA 103,089,478 3/8
FRASER & NEAVE (21,800) AMANAHRAYA TRUSTEES 33,220,500 2/8
- SKIM AMANAH SAHAM BUMIPUTERA
FRASER & NEAVE 200,000 EMPLOYEES PROVIDENT FUND BOARD 43,256,630 1/8
GAMUDA 143,700 EMPLOYEES PROVIDENT FUND BOARD 282,173,105 1/8
GENTING PLANTATIONS (415,400) EMPLOYEES PROVIDENT FUND BOARD 135,610,700 1/8
HAP SENG PLANTATIONS 96,200 LEMBAGA TABUNG HAJI 55,610,300 1 & 2/8
IGB REAL ESTATE 312,900 EMPLOYEES PROVIDENT FUND BOARD 230,426,213 1/8
INVESTMENT TRUST
IJM CORPORATION 2,000,000 EMPLOYEES PROVIDENT FUND BOARD 535,955,958 1/8
IOI CORPORATION (198,300) EMPLOYEES PROVIDENT FUND BOARD 587,455,873 1/8
KENANGA INVESTMENT BANK (88,000) DEUTSCHE BANK AG 57,347,601 2/8 Daily Chinas Dalian Commodity Exchange iron ore and Chinese port stocks
KSL 257,600 LEMBAGA TABUNG HAJI 61,672,073 1 & 2/8
KUALA LUMPUR KEPONG (4,700) EMPLOYEES PROVIDENT FUND BOARD 164,543,788 1/8
KUMPULAN POWERNET (1,196,000) WOO WAI MUN 12,248,408 2 & 3/8
LINGKARAN TRANS KOTA 570,000 AMANAHRAYA TRUSTEES 45,902,800 2/8
- SKIM AMANAH SAHAM BUMIPUTERA
MALAYSIA AIRPORTS 3,637,000 EMPLOYEES PROVIDENT FUND BOARD 168,531,992 1/8
MAXIS (7,356,400) EMPLOYEES PROVIDENT FUND BOARD 799,044,821 1/8
MEDIA PRIMA 277,000 MORGAN STANLEY & CO. LLC. US 74,920,000 2/8
MSM MALAYSIA 8,800 EMPLOYEES PROVIDENT FUND BOARD 47,573,400 1/8
NAIM INDAH CORPORATION (150,000) QUANTUM DISCOVERY 61,915,976 2/8
NESTLE (MALAYSIA) 20,800 EMPLOYEES PROVIDENT FUND BOARD 19,174,000 1/8
PAVILION REAL ESTATE (50,000) EMPLOYEES PROVIDENT FUND BOARD 152,835,403 1/8
INVESTMENT TRUST
POS MALAYSIA (175,000) EMPLOYEES PROVIDENT FUND BOARD 65,261,736 31/7
PPB GROUP 271,200 EMPLOYEES PROVIDENT FUND BOARD 112,144,425 1/8
PROTASCO 100,000 DATO SRI CHONG KET PEN 103,342,789 3/8
PUBLIC BANK 1,281,500 EMPLOYEES PROVIDENT FUND BOARD 473,670,200 1/8
S P SETIA 153,600 EMPLOYEES PROVIDENT FUND BOARD 193,471,383 1/8
SIME DARBY 3,083,800 EMPLOYEES PROVIDENT FUND BOARD 691,841,731 1/8
SKP RESOURCES 668,600 EMPLOYEES PROVIDENT FUND BOARD 66,590,500 1/8
SUNWAY (600,000) EMPLOYEES PROVIDENT FUND BOARD 110,233,091 1/8
SUNWAY REAL ESTATE 839,300 EMPLOYEES PROVIDENT FUND BOARD 390,226,000 1/8
INVESTMENT TRUST
T7 GLOBAL (1,510,100) LEMBAGA TABUNG HAJI 26,447,300 2/8
TELEKOM MALAYSIA 1,000,000 AMANAHRAYA TRUSTEES 450,000,000 2/8
- SKIM AMANAH SAHAM BUMIPUTERA
TELEKOM MALAYSIA (1,966,300) EMPLOYEES PROVIDENT FUND BOARD 667,560,074 1/8
TENAGA NASIONAL 4,000,000 AMANAHRAYA TRUSTEES 354,968,600 1 & 2/8
- SKIM AMANAH SAHAM BUMIPUTERA
TENAGA NASIONAL (1,298,500) EMPLOYEES PROVIDENT FUND BOARD 737,808,242 31/7 & 1/8
TH PLANTATIONS (58,000) EMPLOYEES PROVIDENT FUND BOARD 59,907,040 26 & 27/7
TIGER SYNERGY (1,465,000) DATO TAN WEI LIAN 343,981,400 3/8
TOP GLOVE CORPORATION (916,318) EMPLOYEES PROVIDENT FUND BOARD 104,642,428 31/7 & 1/8
UNITED PLANTATIONS (155,400) EMPLOYEES PROVIDENT FUND BOARD 30,203,748 1/8
Stocks closest to year high Stocks closest to year low
VOIR (2,000,000) WONG KWAI WAH 1,100,000 4/8 STOCK HIGH LOW CLOSE VOLUME STOCK HIGH LOW CLOSE VOLUME
WCT 268,900 EMPLOYEES PROVIDENT FUND BOARD 112,307,629 1/8 (RM) (RM) (RM) ('000) (RM) (RM) (RM) ('000)
YINSON (184,300) LEMBAGA TABUNG HAJI 55,494,000 1/8 STRAITS 0.205 0.195 0.200 4031.8 ANNJOO-CE 0.110 0.110 0.110 100
YINSON 177,800 EMPLOYEES PROVIDENT FUND BOARD 121,770,500 1/8 JHM 3.280 3.100 3.180 2015.3 MISC-C10 0.040 0.035 0.040 100
While every eort is made to ensure accuracy, the information presented is not an exhaustive list and is not an ocial record of shareholder GCB 1.670 1.630 1.640 1813.2 SUPERMX-C29 0.070 0.070 0.070 530
lings. Direct and indirect share are combined due to space constraints. Readers who are interested should check the ocial lings led with
POHUAT 2.060 2.000 2.030 1890.3 MHB 0.700 0.680 0.695 361.5
Bursa Malaysia. Note: * denotes Ace Market
TAWIN 1.330 1.260 1.320 3314.3 AIRASIA-HC 0.035 0.035 0.035 96.7
YSPSAH 3.190 3.130 3.130 815.4 HSI-H2I 0.225 0.210 0.215 685.5
PETRONM 9.900 9.700 9.710 388.7 SALCON 0.485 0.450 0.450 8189.2
Local events to watch out for today TRC 0.805 0.750 0.750 6216.5 HSI-H2L 0.390 0.370 0.380 972
PLB 2.210 1.970 2.210 540.7 MBSB-CY 0.035 0.030 0.035 3167.9
AEON-CK 0.140 0.140 0.140 500 HSI-H2Q 0.780 0.780 0.780 30
National Chamber of Commerce and Kuala Lumpur from 8am to 6pm. VOIR 1.080 0.965 0.985 1308.5 KAREX-CZ 0.020 0.015 0.020 430.1
Industry of Malaysia (NCCIM) organises Adobe Experience Forum at Le Meridien UNISEM 4.250 3.940 4.030 1335.7 PUNCAK 0.840 0.830 0.830 811.4
NCCIM Economic Forum 2017 at Kuala Kuala Lumpur, Jalan Stesen Sentral 5, This table shows stocks that are trading near their year high. This This table shows stocks that are trading near their year low. This
Lumpur Convention Centre, Jalan Pinang, Kuala Lumpur from 9am to 6pm. could suggest a build-up in buying momentum, or the possibility that
prot-taking activities could set in later.
could suggest a build-up in selling momentum, or the possibility that
bargain hunting could set in later.

Foreign exchange rates

NZ EURO US SWISS BRIT CANADA BRUNEI SPORE AUST MSIA CHINA BANGLH DENMK UAE INA INDIA JAPAN NORWAY PHIL QATAR SAUDI SWEDEN THAI HK

NZ $ 0.624 0.736 0.716 0.564 0.934 1.003 1.003 0.931 3.1546 4.946 59.389 4.641 2.704 9,806 46.966 81.607 5.851 37.140 2.680 2.761 5.998 24.515 5.759
EURO 1.603 1.180 1.148 0.904 1.496 1.608 1.608 1.492 5.0563 7.927 95.190 7.439 4.334 15,718 75.278 130.802 9.377 59.529 4.295 4.425 9.615 39.294 9.231
US $ 1.358 0.847 0.972 0.766 1.268 1.363 1.363 1.264 4.2850 6.718 80.670 6.304 3.673 13,320 63.795 110.850 7.947 50.448 3.640 3.750 8.148 33.300 7.823
SWISS FR 1.397 0.871 1.028 0.788 1.304 1.401 1.402 1.300 4.4062 6.908 82.952 6.482 3.777 13,697 65.600 113.985 8.172 51.875 3.743 3.856 8.378 34.242 8.044
STERLING 1.773 1.106 1.305 1.269 1.655 1.778 1.779 1.650 5.5919 8.767 105.274 8.227 4.793 17,383 83.252 144.658 10.371 65.834 4.750 4.894 10.633 43.456 10.209
CANADA $ 1.071 0.668 0.789 0.767 0.604 1.075 1.075 0.997 3.3791 5.298 63.615 4.971 2.896 10,504 50.308 87.415 6.267 39.783 2.870 2.957 6.425 26.260 6.169
BRUNEI $ 0.997 0.622 0.734 0.714 0.562 0.931 1.000 0.928 3.1445 4.930 59.199 4.626 2.695 9,775 46.815 81.346 5.832 37.021 2.671 2.752 5.979 24.437 5.741
SINGAPORE $ 0.997 0.622 0.734 0.713 0.562 0.930 1.000 0.927 3.1436 4.929 59.182 4.625 2.695 9,772 46.802 81.322 5.830 37.010 2.670 2.751 5.978 24.430 5.739
AUSTRALIA $ 1.074 0.670 0.791 0.769 0.606 1.003 1.078 1.078 3.3894 5.314 63.809 4.986 2.905 10,536 50.462 87.681 6.286 39.904 2.879 2.966 6.445 26.340 6.188
MALAYSIA RM 0.317 0.198 0.233 0.227 0.179 0.296 0.318 0.318 0.295 1.0000 1.568 18.826 1.471 0.857 3,109 14.888 25.869 1.855 11.773 0.849 0.875 1.902 7.771 1.826
100 CHINESE RMB 20.219 12.614 14.885 14.476 11.406 18.875 20.284 20.289 18.818 63.7820 1,201 93.833 54.671 198,272 949.589 1,650 118.290 750.915 54.181 55.820 121.282 495.668 116.445
100 BANGLADH TAKA 1.684 1.051 1.240 1.206 0.950 1.572 1.689 1.690 1.567 5.3118 8.328 7.814 4.553 16,512 79.082 137.411 9.851 62.536 4.512 4.649 10.100 41.279 9.698
100 DANISH KRONER 21.548 13.443 15.863 15.427 12.156 20.116 21.617 21.623 20.055 67.9740 106.57 1,280 58.264 211,303 1,012.00 1,758 126.06 800.27 57.74 59.49 129.25 528.24 124.10
100 UAE DIRHAM 36.983 23.073 27.226 26.478 20.863 34.526 37.101 37.112 34.421 116.6653 182.91 2,196 171.63 362,664 1,737 3,018 216.37 1,374 99.10 102.10 221.84 906.64 212.99
1000 INA RUPIAH 0.010 0.006 0.008 0.007 0.006 0.010 0.010 0.010 0.009 0.0322 0.050 0.606 0.047 0.028 0.479 0.832 0.060 0.379 0.027 0.028 0.061 0.250 0.059
100 INDIA RUPEE 2.129 1.328 1.568 1.524 1.201 1.988 2.136 2.137 1.982 6.7168 10.531 126.451 9.881 5.757 20,880 173.758 12.457 79.078 5.706 5.878 12.772 52.198 12.263
100 JAPAN YEN 1.225 0.765 0.902 0.877 0.691 1.144 1.229 1.230 1.140 3.8656 6.061 72.774 5.687 3.313 12,017 57.551 7.169 45.510 3.284 3.383 7.350 30.041 7.057
100 NORWEGIAN KRONER 17.092 10.664 12.583 12.237 9.643 15.957 17.147 17.152 15.908 53.9200 84.538 1,015 79.324 46.218 167,615 802.763 1,395 634.809 45.804 47.189 102.529 419.027 98.440
100 PHILIPPINE PESO 2.693 1.680 1.982 1.928 1.519 2.514 2.701 2.702 2.506 8.4939 13.317 159.907 12.496 7.281 26,404 126.458 219.730 15.753 7.215 7.434 16.151 66.008 15.507
100 QATAR RIYAL 37.317 23.282 27.473 26.717 21.052 34.838 37.437 37.447 34.732 117.7198 184.566 2,216 173.184 100.904 365,942 1,753 3,045 218.323 1,386 103.025 223.844 914.833 214.918
100 SAUDI RIYAL 36.221 22.598 26.666 25.932 20.434 33.815 36.338 36.348 33.712 114.2636 179.147 2,151 168.099 97.941 355,198 1,701 2,956 211.913 1,345 97.064 217.272 887.974 208.608
100 SWEDISH KRONOR 16.671 10.401 12.273 11.935 9.405 15.563 16.724 16.729 15.516 52.5900 82.453 990.065 77.368 45.078 163,480 782.962 1,360 97.533 619.150 44.674 46.025 408.691 96.012
100 THAI BAHT 4.079 2.545 3.003 2.920 2.301 3.808 4.092 4.093 3.797 12.8679 20.175 242.252 18.931 11.030 40,001 191.578 332.882 23.865 151.496 10.931 11.262 24.468 23.493
100 HK$ 17.363 10.833 12.783 12.431 9.795 16.210 17.419 17.424 16.161 54.7744 85.878 1,031.188 80.581 46.950 170,271 815.484 1,417 101.585 644.867 46.529 47.937 104.154 425.667
Note: Run your nger down the left-hand side until you reach the country of origin you plan to exchange. Then move your nger until that line intersects with the vertical column of the currency you wish to buy. The gure is how much you will get. The above rates are subject to change and provided by Thompson Reuters.
TU E SDAY AU G U S T 8 , 2017 T HEED G E FINA NCIA L DA ILY
Markets 3 1
FUTURES . MONEY MARKET . COMMODITIES

Index futures Money market

Long Rolls - KLCI futures US Dollar Klibor
FKLI
Index points Open Interest Index points USD Index Implied interest rate (%)
105.0
1980 90000 18.00 -0.50 93.418 4.5
1,781.00 (-0.50) (-0.124) 3.49
(+6.00) (Unch)
1785 4.75 96.5
68000
3.5

1590 46000 -8.50 88.0

2.5
1395 24000 -21.75 79.5

1200 2000 -35.00 71.0 1.5

Jan 4, 2010 Aug 7, 2017 Jan 4, 2010 Aug 7, 2017 Oct 2, 2006 Aug 7, 2017 Oct 1, 2000 Aug 7, 2017

FBM KLCI futures close firmer FBM KLCI futures US dollar slips after last Klibor
on persistent buying interest INDEX AND FUTURES
CONTRACT LAST CHANGE VOLUME
OPEN CHANGE IN
INTEREST OPEN INTEREST
Fridays gains; data eyed MONTH SETTLEMENT
PRICE
CHANGE VOLUME OPEN
INTEREST

The FBM KLCI futures contracton Bursa FBMKLCI 1,777.91 3.38 66.9M The US dollar edged lower yesterday, giving AUG7 96.54
SEP7 96.53
Malaysia Derivatives closed firmer yesterday AUG 17 1,781.00 6.00 3,371 29,590 112 back some of its gains from last Friday as OCT7 96.51
SEP 17 1,781.00 6.50 62 503 2
on persistent buying interest. investors consolidated bets before inflation DEC7 96.48
DEC 17 1,781.00 6.50 17 233 1
August 2017 rose six points to 1,781; MAR 18 1,778.00 5.50 2 9 3
data last week that may signal a turnaround MAR8 96.48
both September 2017 and December 2017 TOTAL 3,452 30,335 118 in the currencys weakness this year. JUN8 96.48
SEP8 96.48
increased 6.5 points each to 1,781; while Last Fridays strong employment data DEC8 96.48
March 2018 gained 5.5 points to 1,778. FUTURES ROLL OVER BID OFFER CLOSE helped the US dollar snap out of its funk MAR9 96.48
Turnover improved to 3,452 lots from AUG/SEP -0.5 -1.0 -0.5
which has seen it fall more than 8.5% so far JUN9 96.48
2,499 lots last Friday, while open interest FUTURES FAIR VALUE this year. SEP9 96.48
DEC9 96.48
widened to 30,335 contracts from 29,122 CONTRACT DAYS TO EXPIRY KLIBOR DIVIDEND FAIR VALUE Last Fridays strong US jobs data has MAR0 96.48
AUG 17 24 3.56 1.86 1.70
contracts. SEP 17 54 8.19 9.42 -1.23
given the US dollar bears something to think JUN0 96.48
The underlying benchmark FBMKLC ROLLS FAIR -2.92
about but we would have to see whether this SEP0 96.48
rose 3.38 points to 1,777.91. trend can be sustained before we see large DEC0 96.48
MAR1 96.48
Philippine shares rose for a third straight short US dollar position unwinding, said
JUN1 96.48
session yesterday and outperformed other Kathleen Brooks, research director at City SEP1 96.48
Southeast Asian markets, while Indonesian Index in London. DEC1 96.48
stocks reversed early gains to close lower Vietnam shares rose as much as 0.9% to The US dollar index against a basket of six MAR2 96.48
following disappointing gross domestic their highest since February 2008, on the back of major currencies was 0.1% lower at 93.418 JUN2 96.48
TOTAL 0 0
product data. gains in energy and material stocks. Agencies having climbed 0.75% last Friday. Reuters

Commodities CPO prices react to various factors including soyoil prices, weather conditions and stockpiles. Open interest shows either increasing or decreasing market participation.

CPO & Open Interest CPO vs Soyoil Crude Oil Gold

CPO RM/tonne Open Interest CPO RM/tonne Soyoil US$/Ibs US$/bbl US$/troy oz
4200 200000 6400 0.700 155.00 1980

3450 152500 5075 0.3356 0.525 121.25 1660

(RM3,168/tonne) 1,257.80
(-2.40)
2700 105000 3750 0.350 87.50 1340
48.91
(-0.67)
1950 53.75 1020
2,573 57500 2425 0.175
(-35) 2,573
1200 10000 (-35) 20.00 700
1100 0.000
Jan 6, 2008 Aug 7, 2017 Apr 10, 2007 Aug 7, 2017 Aug 31, 2008 Aug 7, 2017
Jan 6, 2008 Aug 7, 2017

Palm oil falls to 2-week low CPO futures Oil slides from 9-week highs Commodities
AGRICULTURE
on rising output forecasts CONTRACT
AUG-17
LAST
2,585
CHANGE
-5
VOLUME
138
OPEN CHANGE IN
INTEREST OPEN INTEREST
2,623 -370
as market looks to Opec CRUDE PALM OIL
UNIT
RM/TON
EXCHANGE
MDEX
LAST PRICE CHANGE
2,573 -35
RUBBER SEN/KG MRB 635.50 14.00
SEP-17 2,574 -27 3,205 22,145 -1,927
Malaysian palm oil futures dipped yesterday OCT-17 2,573 -35 22,739 62,781 -1,644 Oil prices edged lower yesterday, sliding away CORN USC/BSH CBOT 370.25 3.75
SOYBEANS USC/BSH CBOT 949.25 0.00
evening, hitting a two-week low, on NOV-17 2,581 -35 7,651 43,012 1,773 from nine-week highs, as worries lingered
WHEAT USC/BSH CBOT 458.25 3.50
expectations that official production data DEC-17 2,591 -43 5,234 18,631 618 over high production from Opec and the US. LIVE CATTLE USC/IBS CME 114.10 -0.73
due later this week will show rising output CPO FUTURES CPO/SOYOIL Global benchmark Brent crude futures COCOA US$/TON NYBOT 2,055 34
in July. INDICATIVE ROLL-OVER FUTURES BASIS (USD) were down 69 US cents or 1.14% at US$51.73 COFFEE USC/IBS NYBOT 143.75 0.05
AUG/SEP 11 CURRENT -74.29
The benchmark palm oil contract AUG/OCT 12 3 MONTHS AVERAGE -96.51
a barrel. They traded as low as US$51.56 a SUGAR USC/IBS NYBOT 14.92 0.04
for October delivery on Bursa Malaysia AUG/NOV 4 6 MONTHS AVERAGE -90.50 barrel earlier in the day. COTTON USC/IBS NYC 70.41 0.36

Derivatives fell 1.3% or RM35 to RM2,573 SEP/OCT 1 US crude futures were down 67 US cents METAL & PRECIOUS METALS
TIN US$/TON KLTM 20,600 -50
at the close of trade. SGS & ITS EXPORT ESTIMATES (TONNES) or 1.11% at US$48.91 per barrel, but up from COPPER USC/IBS CMX 2.8955 0.0030
It earlier dropped to an intraday low of SHIPMENT DAYS MAY17 JUN17 JUL17 the days low of US$48.78 a barrel. GOLD US$/TROY OZ CMX 1,257.80 -2.40
RM2,572, its lowest since July 25. 1 - 10TH DAYS 359/347 367/367 381/360 Both contracts stood more than US$1 PLATINUM US$/TROY OZ NYMEX 967.60 -1.40
The market was down as it was expecting 1 - 15TH DAYS 613/618 524/509 616/599
below the levels hit previous week, which PALLADIUM US$/TROY OZ NYMEX 861.75 -7.35
higher production data for July, said a futures 11 -- 20TH DAYS
25TH DAYS
853/847
1,007/1,007
710/721 818/797
996/986 1,044/1,017
marked their highest since late May, when SILVER USC/TROY OZ CMX 16.13 -0.13
trader from Kuala Lumpur. oil producers led by the Opec extended a ALUMINIUM RMB/TON SHF 15,140 385
FULL MONTH 1,310/1,306 1,210/1,190 1,260/1,239
ZINC RMB/TON SHF 23,450 80
But now we are hearing production gains MALAYSIAN PALM OIL BOARD deal to reduce output by 1.8 million barrels
in August will taper off, he added. MAR17 APR17 MAY17 JUN17 per day until the end of next March. ENERGY
LIGHT CRUDE OIL US$/BBL NYMEX 48.91 -0.67
Another trader said sentiment was PRODUCTION 1,464 1,548 1,655 1,514 Doubts have since swirled around the HEATING OIL USC/GAL NYMEX 1.6298 -0.0228
dampened by profit taking and position EXPORT STOCKS
1,554
1,266
1,283
1,600
1,506
1,558
1,379
1,527
effectiveness of the cuts, as Opec output NATURAL GAS US$/MMBTU NYMEX 2.823 0.006
squaring in anticipation of higher production hit a 2017 high in July and its exports hit a BRENT CRUDE US$/BBL ICE 51.73 -0.69
MPOB Palm oil physical
and stocks. record. Reuters GAS OIL US$/TON ICE 480.25 -8.25
A Reuters poll of nine traders, planters (IN RM/TON) AUG17 SEP17 OCT17

and analysts forecast that Malaysian output CPO DELD 2,580.00 NO TRADE NO TRADE Centrifuged Latex Rubber - Msia SMR 20
PK EX-MILL 2,160.00 NO TRADE NO TRADE
in July will rise 11% to 1.68 million tonnes, CPKO DELD 4,477.00 NO TRADE NO TRADE Sen/Kg
Sen/Kg
leading to 6.5% rise in inventory levels to RBD P.OIL FOB NO TRADE NO TRADE NO TRADE 1100 1900
1.63 million tonnes. RBD P.OLEIN FOB NO TRADE NO TRADE NO TRADE
518.50
Official data from industry regulator the RBD P. STEARIN FOB NO TRADE NO TRADE NO TRADE 900 (+16.00) 1475
Malaysian Palm Oil Board is scheduled for MPOB FFB REF PRICE (MILL GATE PRICE) 635.50
(+14.00)
release on Thursday. REGION GRADE A GRADE B GRADE C 700 1050
OER (RM/TON) OER(RM/TON) OER (RM/TON)
Palm oil production shows seasonal gains NORTH 20.00% 568 19.00% 543 18.00% 517
in the second half of the year, but industry SOUTH 20.00% 576 19.00% 550 18.00% 525
500 625
players still expect the lingering effects of CENTRAL 20.00% 569 19.00% 543 18.00% 518
300
a crop damaging El Nino to affect yield. EAST COAST 20.00% 572 19.00% 547 18.00% 522 200
SABAH 22.00% 554 21.00% 531 20.00% 508 Jan 7, 2007 Aug 7, 2017 Jan 7, 2007 Aug 7, 2017
Reuters SARAWAK 22.00% 561 21.00% 537 20.00% 513
 Markets
32 T UESDAY AU G U ST 8, 2 0 17 TH EEDGE F I N AN C I AL DAI LY

F U T U R E S . M O N E Y M A R K E T . C O M M O D I T I E S PA G E 3 1
YOUR DAILY FINANCIAL MARKET S ROUNDUP I N S I D E R M OV E S . T R A D I N G T H E M E S . E V E N T S . FO R E X PA G E 3 0
G L O BA L M A R K E T S PA G E 2 9
RESEARCH: TAI TS [tai@bizedge.com; SUGUMARAN [sagu@bizedge.com] M A I N M A R K E T . A C E M A R K E T L I ST I N G PA G E 2 5

KLCI 1,777.91 3.38 FBM ACE 6,526.12 50.29 FTSTI 3,320.67 5.85 NIKKEI 20,055.89 103.56 HANG SENG 27,690.36 127.68 DOW JONES 22,092.81 66.71

The beginning is always today. Market movers

Mary Shelley
Daily top 20 active stocks
UNUSUAL MARKET ACTIVITIES TURNOVER CHANGE CHANGE PRICE PE DIVIDEND
FBM KLCI & KLCI futures intraday (000) (RM) (%) (RM) RATIO YIELD (%)
STOCK VOLUME CHANGE CHANGE CLOSE HIGH LOW FRONTKN 178,809.1 -0.080 -19.51 0.330 16.27 0.00
('000) (%) (RM) (RM) (RM) (RM) COMPUGT 50,909.7 0.005 16.67 0.035 0.00
Index point
1784.0 FRONTKN 178,809 -19.51 -0.080 0.330 0.425 0.275 DNEX 43,715.8 -0.040 -7.14 0.520 3.91 0.89
1,781.00
1782.7 (+6.00) COMPUGT 50,910 16.67 0.005 0.035 0.035 0.030 PALETTE-WA 39,052.7 0.015 42.86 0.050 0.00
1781.4 PALETTE-WA 39,053 42.86 0.015 0.050 0.055 0.040 JAG 36,472.0 0.005 3.45 0.150 26.36 0.00
1780.1 PALETTE 30,697 6.67 0.005 0.080 0.090 0.075 DNEX-WD 33,772.5 -0.020 -7.41 0.250 0.00
KLCI futures 1,777.91 MALAKOF 30,570 1.96 0.020 1.040 1.100 1.040 SYSTECH 32,650.8 0.015 3.66 0.425 48.24 0.73
1778.8 (+3.38)
SANICHI 23,977 9.09 0.005 0.060 0.060 0.055 KRONO 31,201.5 0.030 3.53 0.880 21.30 0.00
1777.5
PUC 17,782 -8.33 -0.010 0.110 0.115 0.100 PALETTE 30,696.5 0.005 6.67 0.080 0.00
1776.2 KL Composite Index HIAPTEK-WB 17,424 6.06 0.010 0.175 0.185 0.165 MPAY 30,620.2 -0.010 -3.64 0.265 0.00
1774.9 D&O 15,246 -2.34 -0.015 0.625 0.660 0.625 MALAKOF 30,569.9 0.020 1.96 1.040 13.77 6.86
1773.6 BIOHLDG 14,954 4.17 0.010 0.250 0.250 0.235 SANICHI 23,976.6 0.005 9.09 0.060 0.00
1772.3 GPACKET 13,571 2.82 0.010 0.365 0.380 0.360 UMWOG 23,943.8 -0.005 -1.72 0.285 0.00
1771.0 SIGGAS 13,313 18.18 0.180 1.170 1.170 1.020 VIVOCOM 22,597.4 UNCH UNCH 0.140 12.50 0.00
8:45 9:30 10:30 11:30 12:45 14:30 15:30 16:30 17:15
AXIATA 13,121 0.84 0.040 4.830 4.840 4.790 AAX 20,390.9 UNCH UNCH 0.380 38.78 0.00
KUB 12,367 3.81 0.020 0.545 0.560 0.525 HIAPTEK 18,575.7 0.015 4.00 0.390 12.63 0.80
Daily FBM KLCI JAG-WA 11,283 9.09 0.005 0.060 0.060 0.055 BORNOIL 18,018.6 -0.005 -4.76 0.100 11.41 0.00
TAGB 11,144 1.49 0.005 0.340 0.355 0.340 PUC 17,782.3 -0.010 -8.33 0.110 48.00 0.00
KL Composite Index Moving average - 20-day HIAPTEK-WB 17,423.5 0.010 6.06 0.175 0.00
Table above is from Reuters Volume break 3x 5-day average volume, meaning the total number of shares
2030.0 1,777.91 traded for a particular counter on the previous trading day is more than triple the average volume for the
MTOUCHE 16,330.5 -0.040 -9.09 0.400 400.00 0.00
(+3.38) last 5 trading days. The table captures the build-up of interest in these companies and is thus a gauge of
market expectations for these counters. Top gainers and losers (ranked by RM)
1727.5
UP
1425.0
1,762.59
FBM KLCI up on heavyweights CLOSE
CHANGE
(RM)
DOWN
CLOSE
CHANGE
(RM)

lift despite no fresh catalyst HENGYUAN

ALLIANZ
8.310
14.300
0.340
0.260
AEONCR
HLBANK
13.120
15.720
-0.300
-0.280
1122.5 TASEK 13.260 0.260 PERSTIM 6.040 -0.250
PLB 2.210 0.250 TGL 1.330 -0.170
KUALA LUMPUR: The FBM KLCI gained 0.19% as select TOCEAN 0.880 0.245 JFTECH 1.900 -0.140
820.0 heavyweight counters like Hengyuan Refining Co Ltd and AJI 26.200 0.220 OIB 2.260 -0.140
Jan 2, 2008 Aug 7, 2017 Allianz Malaysia Bhd lifted the benchmark index despite a MPI 14.020 0.200 A50CHIN-H3 0.120 -0.130
lack of fresh catalysts. NESTLE 84.000 0.200 KESM 15.000 -0.120
900
At 5pm, the FBM KLCI extended its gains from last Friday PBBANK 20.660 0.180 SP500-H9 0.335 -0.115
SIGGAS 1.170 0.180 ULICORP 3.990 -0.110
600
to close up 3.38 points at 1,777.91 points, after hitting its
PADINI 3.980 0.180 MAGNI 7.500 -0.100
intraday high of 1,778.48 earlier. PETGAS 18.860 0.160 SUCCESS 3.500 -0.100
300 Inter Pacific Securities research head Pong Teng Siew
said profit-taking persisted on Bursa Malaysia, amid mixed Top gainers and losers (ranked by percentage)
0
market sentiment from last Friday such as the stronger-than-

Volume (mil) UP
expected US jobs data, and weaker technology counters in CHANGE DOWN CHANGE
CLOSE (%) CLOSE (%)
the US.
FBM KLCI futures The breadth is actually negative. The gains by the MALAKOF-CW 0.020 100.00 UEMS-C46 0.060 -60.00

CONTRACT SETTLEMENT CHANGE HIGH LOW

heavyweights [are] what helped moved FBM KLCI upwards, AEON-CH 0.010 100.00 A50CHIN-H3 0.120 -52.00
MALAKOF-CX 0.015 50.00 AMEDIA-WA 0.005 -50.00
AUG 17 1,781.00 6.00 1,783.00 1,775.50 Pong told theedgemarkets.com. HUBLINE-WA 0.015 50.00 MAXIS-CW 0.005 -50.00
SEP 17 1,781.00 6.50 1,782.00 1,775.50 Across Bursa, losers led gainers by 496 to 341, while 398 PALETTE-WA 0.050 42.86 KAREX-CZ 0.020 -42.86
DEC 17 1,781.00 6.50 1,781.50 1,775.50
traded unchanged. Some 1.95 billion shares worth RM1.68 TOCEAN 0.880 38.58 MTOUCHE-WA 0.010 -33.33
billion were traded. FBMKLCI-C3A 0.040 33.33 SCBUILD-WB 0.010 -33.33
FBM KLCI sensitivity* Elsewhere, Japans Nikkei 225 rose 0.52%, while Hong HSI-H2C 0.020 33.33 KAREX-C4 0.105 -30.00

KLCI CHANGE CLOSE VOLUME Kongs Hang Seng Index was up 0.46%. Chinas Shanghai PADINI-CK 0.310 29.17 SKPRES-CF 0.110 -26.67
HOOVER 0.555 29.07 SP500-H9 0.335 -25.56
CIMB GROUP
POINTS
0.90
(RM)
0.060
(RM)
6.680
('000)
8299.0
Composite gained 0.53%, bolstered by bets for strong AKNIGHT 0.115 27.78 SUMATEC-WB 0.015 -25.00
MAYBANK 0.87 0.050 9.700 11192.7 economic data from the worlds second-largest economy ATTA-WC 0.315 26.00 DRBHCOMC27 0.030 -25.00
MISC 0.74 0.100 7.500 1056.5 this week, Reuters reported.
AXIATA GROUP 0.60 0.040 4.830 13120.7 MSCIs Broadest Index of Asia-Pacific shares outside Japan Top gainers and losers - warrants (ranked by percentage)
PETRONAS GAS 0.52 0.160 18.860 186.2 added 0.5% when trading commenced yesterday after the
IOI CORPORATION 0.52 0.050 4.510 679.5 UP CHANGE DOWN CHANGE
MAXIS 0.39 0.030 5.790 7204.0
Dow Jones Industrial Average recorded its eighth consecutive CLOSE (%) CLOSE (%)
AMMB 0.30 0.060 4.930 810.3 record high last Friday, the news wire added. by Adam Aziz MALAKOF-CW 0.020 100.00 UEMS-C46 0.060 -60.00
PETRONAS CHEMICAL 0.26 0.020 7.030 2211.3
World equity indices AEON-CH 0.010 100.00 A50CHIN-H3 0.120 -52.00
HONG LEONG FINANCE 0.19 0.100 17.000 26.9 MALAKOF-CX 0.015 50.00 AMEDIA-WA 0.005 -50.00
TENAGA NASIONAL BERHAD 0.19 0.020 14.180 6062.7 CLOSE CHANGE CLOSE CHANGE HUBLINE-WA 0.015 50.00 MAXIS-CW 0.005 -50.00
RHB BANK 0.13 0.020 5.000 333.0
DOW JONES 22,092.81 66.71 INDONESIA 5,749.29 -28.19 PALETTE-WA 0.050 42.86 KAREX-CZ 0.020 -42.86
DIGI.COM -0.13 -0.010 4.800 4485.4
S&P 500 2,476.83 4.67 JAPAN 20,055.89 103.56 FBMKLCI-C3A 0.040 33.33 MTOUCHE-WA 0.010 -33.33
PUBLIC BANK -0.64 -0.100 20.660 3327.5
NASDAQ 100 5,899.91 8.71 KOREA 2,398.75 3.30 HSI-H2C 0.020 33.33 SCBUILD-WB 0.010 -33.33
IHH HEALTHCARE -0.95 -0.070 5.930 1160.2
FTSE 100 7,511.71 36.94 PHILIPPINES 7,992.27 59.45 PADINI-CK 0.310 29.17 KAREX-C4 0.105 -30.00
HONG LEONG BANK -1.00 -0.280 15.720 117.1
AUSTRALIA 5,773.56 52.98 SINGAPORE 3,320.67 -5.85 ATTA-WC 0.315 26.00 SKPRES-CF 0.110 -26.67
SUB-TOTAL 2.88
CHINA 3,279.46 17.38 TAIWAN 10,579.38 72.82 AT-WB 0.025 25.00 SP500-H9 0.335 -25.56
OTHERS 0.50
HONG KONG 27,690.36 127.68 THAILAND 1,573.67 -4.59 FBMKLCI-C1X 0.050 25.00 SUMATEC-WB 0.015 -25.00
GRAND TOTAL 3.38
INDIA 32,273.67 -51.74 VIETNAM 792.98 4.30 MAXIS-CX 0.025 25.00 DRBHCOMC27 0.030 -25.00
* How stock price changes affected the index on the previous trading day

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