p or tal

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prope u need
yo
 FBM KLCI 1601.00 1.30 KLCI FUTURES 1590.00 4.00 STI 3194.96 9.56 RM/USD 4.1640 CPO RM2188.00 18.00 OIL US$60.02 0.79 GOLD US$1505.70 9.10
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM2.00

FRIDAY SEPTEMBER 13, 2019 ISSUE 2967/2019

FINANCIAL Mavcom works

to benefit all,
not just one

DAILY
www.theedgemarkets.com
MAKE
BETTER
DECISIONS
— chairman
6 HOME BUSINESS

PHOTO BY SUHAIMI YUSUF

EVERY FRIDAY!
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of EdgeProp.my
pullout inside.
Download your
personal copy at
www.EdgeProp.my

Astro 2Q net profit

swells 10 times to
RM169.34m despite
Telco industry
CONSOLIDATION
lower revenue
6 HOME BUSINESS

INEVITABLE
Petronas to operate
LNG bunkering
vessel in the region
next year
7 HOME BUSINESS

UOB sees RM5b-8b

— Celcom
contingency funds It is difficult for the current players
in Budget 2020 to all remain profitable,
11 H O M E says CEO Idham Nawawi.
Gobind: Vital for Emir Zainul has the story on Page 4.
media to be free

NO PUBLICATION
The Edge Financial Daily Opinions divided on whether BNM
will be taking a break on
Monday in conjunction with
Malaysia Day. Publication will
will cut rate next round
resume on Tuesday. 4 HOME BUSINESS
2 FR I DAY SEP TEM B ER 1 3 , 2 0 1 9 • TH EEDGE F I N AN C I AL DAI LY
ON EDGE T V
www.theedgemarkets.com
BNM maintains
OPR, says policy
accommodative
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Senior Manager Elizabeth Lay
Cabinet to discuss
new vision tomorrow
Focus will be on Malaysia’s long-term economic policy direction
KUALA LUMPUR: The cabinet will
hold a special meeting tomorrow
to discuss the country’s long-term
economic policy direction based
on the Shared Prosperity Vision
2021-2030.
The economic affairs ministry
said in a statement yesterday that
the vision represents Malaysia’s
hope and new agenda, which is
the basis for uniting the country.
The vision was announced by
Prime Minister Tun Dr Mahathir
Mohamad when tabling the mid-
term review of the 11th Malaysia
Plan (11MP) in October last year,
and its basic framework was ex-
Astro 2Q net profit swells 10 times to
RM169.34m despite lower revenue
BY AR JUNA CHANDRAN S HANK AR
KUALA LUMPUR : Astro Ma-
laysia Holdings Bhd’s net prof-
it for the second quarter ended
July 31, 2019 (2QFY20) swelled
to RM169.34 million, ten times
more than RM16.58 million a year
ago on the back of lower finance
costs and higher earnings before
interest, taxes, depreciation and
amortisation.
The group said in a bourse filing
that earnings per share (EPS) rose
to 3.24 sen from 0.32 sen last year.
Astro declared a second interim
dividend of two sen a share with
an entitlement date of Sept 30 and
payment on Oct 11, bringing a total
dividend payout for the first half of
the year (1HFY20) to four sen, from
five sen a year ago.
Despite a higher quarterly
net profit, revenue slid 12.71% to
RM1.24 billion from RM1.42 billion
last year, on lower subscription rev-
enue, licensing income, advertising
revenue and merchandise sales.
ECB cuts rates, revives QE to lift growth as Draghi era ends
BY YUKO TAKEO
& P IOTR SKOLIM OW S K I
FRANKFURT: The European Central
Bank (ECB) cut interest rates fur-
ther below zero and revived bond
purchases after its president Mario
Draghi overcame critics of his stim-
ulus policies to make a final run at
reflating the euro-area economy.
The ECB reduced the depos-
it rate to minus 0.5% from minus
0.4%, and said it will buy debt from
Nov 1 at a pace of €20 billion (RM92
billion) a month for as long as nec-
essary to hit its inflation goal.
“We have headroom to keep go-
plained during his keynote address
at the first-year anniversary of the
Pakatan Harapan government on
May 9.
The aim of the vision is that all
Malaysians are able to attain a de-
cent standard of living by 2030.
It encompasses the 12MP and
13MP and as such, the govern-
ment’s federal budgets during
this period will be aligned with
the vision.
Budget 2020, which will tabled
next month, will be a preparatory
budget to enable all parties to be
ready when the 12MP initiative
begins in 2021, the ministry said.
Astro Malaysia Holdings Bhd’s
quarterly earnings
(RM mil)
176.20
174.73 169.34
153.22
118.40
16.58
1Q 2Q 3Q 4Q 1Q 2Q
FY19 FY20
Source: Bursa Malaysia
Astro chief executive officer
Henry Tan said the group is “put-
ting in place building blocks for
new revenue adjacencies, specif-
ically in broadband and content
bundles with Maxis and in OTT
(over-the-top) through our stra-
tegic partnerships with iQIYI and
HBO Asia; with more partnerships
in the coming months”.
ing on for some time at this rhythm,”
Draghi, whose eight-year term ends
next month, said at his press con-
ference here. “We still think the
probability of recession for the euro
area is small, but it’s gone up.”
The ECB also cut the cost of its
long-term loans to banks, and lend-
ers will get an exemption from neg-
ative rates for some of their deposits
after an outcry from the industry
about the squeeze on profitability.
After initially rallying on the
news, European government
bonds’ enthusiasm for the meas-
ures rapidly faded, with short-term
securities in particular coming un-
For breaking news updates go to
www.theedgemarkets.com
The 10 years targeted to real-
ise this vision need the strategic
cooperation and participation of
not just the government, but all
stakeholders, including state gov-
ernments, local governments, the
private sector, government-linked
companies and academia, non-gov-
ernmental organisations as well as
all Malaysians.
The ministry said the vision also
shows the government’s commit-
ment to restructure the Malaysian
economy to ensure that it contin-
ues to expand sustainably, while
the prosperity is enjoyed by all.
— Bernama
Net profit for 1HFY20 jumped
80.62% year-on-year to RM345.53
million, from RM191.31 million in
the corresponding period last year,
translating into a higher cumula-
tive EPS of 6.63 sen, from 3.67 sen
last year.
Half-year revenue declined
9.41% to RM2.47 billion from
RM2.73 billion.
On its outlook, the group said:
“The market remained challeng-
ing with structural changes in the
global content, media and adver-
tising industries, including threat
of piracy.”
The group will continue to fortify
its core pay-TV and NJOI business-
es by redefining customer value
propositions, elevating customer
service and refreshing content, in
addition to continuing cost opti-
misation efforts.
Astro shares closed a sen or
0.74% lower to RM1.34 yesterday,
valuing the company at RM6.99
billion. The counter saw 1.86 mil-
lion shares traded.
der pressure due to the limits of the
ECB’s rate cuts and bond-buying
plans. The euro, having weakened
on the headlines, reversed losses,
while stocks swung between gains
and losses.
The ECB changed its guidance
on interest rates to say they’ll stay
at present or lower levels until the
outlook for inflation “robustly”
converges to its goal of just below
2%. It previously expected bor-
rowing costs to stay unchanged
until mid-2020. It also scrapped a
10-basis-point rate premium pre-
viously attached to its long-term
loan programme. — Bloomberg
IN BRIEF
Six charged with
faking, selling birth
certificates, MyKads
GEORGE TOWN: Six people,
including an assistant director
of the Penang National Regis-
tration Department (NRD) and
a businessman, were charged in
separate Sessions Courts here
yesterday with 32 counts for of-
fences in connection with the
issuance and sale of MyKads to
foreigners. Mohd Faizul Arifin,
34, who is the Penang NRD as-
sistant director, together with
Loh Chan Cheong, 34; Chien
Guan Chai, 36; Yap Cheng Wah,
43, and Mohd Faizal Tan Abdul-
lah, 66, faced two charges under
Section 26E of the Anti-Traffick-
ing in Persons and Anti-Smug-
gling of Migrants Act 2007, while
businessman Datuk Lai Chin
Wah, 56, was charged with three
similar offences. However, no
plea was recorded from all the
accused. — Bernama
China’s love of stinky
durian ‘next big threat’
to Malaysian rainforest
KUALA LUMPUR: Soaring Chi-
nese demand for the stinky du-
rian fruit is turning into the next
big threat to Malaysia’s deplet-
ed rainforest, a conservation
expert said yesterday, urging
regulation. Malaysia has already
lost vast tracts of rainforest to a
thriving trade in wood and palm
oil; now China’s appetite for the
spiky durian risks clearing still
more ground. “There are emerg-
ing threats coming up, with big
demand for fruits such as duri-
an from China,” Dzaeman Dzu-
lkifli, executive director at the
Tropical Rainforest Conserva-
tion & Research Centre, told the
Thomson Reuters Foundation.
— Thomson Reuters Foundation
UK’s Johnson denies lying
to Queen Elizabeth in
Brexit crisis
LONDON: UK Prime Minister
Boris Johnson yesterday denied
lying to Queen Elizabeth over the
reasons for suspending the Brit-
ish parliament after a court ruled
his decision was unlawful and
opponents called for lawmakers
to be recalled to discuss Brexit.
Since Johnson won the top job
in July, Britain’s Brexit crisis has
spun more furiously, leaving in-
vestors and allies bewildered by
an array of decisions that have
pushed the once stable political
system to its limits. — Reuters
Dr M to write to Jokowi
about transboundary haze
JOHOR BARU: Tun Dr Mahathir
Mohamad will write to Indo-
nesian President Joko Widodo
(Jokowi) as soon as possible re-
garding the transboundary haze
issue. Energy, Science, Technol-
ogy, Environment and Climate
Change Minister Yeo Bee Yin
said she had spoken to the prime
minister on the matter. “He has
agreed to write to President Joko-
wi to bring his attention to this
transboundary haze issue,” she
told reporters after closing the
Universiti Teknologi Malaysia
Engineering Industry Innovation
Day here yesterday. — Bernama
FRIDAY S E P T E MBE R 1 3 , 20 1 9 • T HE ED G E FINA NCIA L DA ILY 3
4 HOME BUSINESS FR I DAY SEP TEM B ER 1 3 , 2 0 1 9 • TH EEDGE F I N AN C I AL DAI LY

Telco industry consolidation

inevitable — Celcom
It is difficult for the current players to all remain profitable, says CEO Idham Nawawi
BY EM I R ZA I N U L
KUALA LUMPUR: Despite Axiata
Group Bhd and Telenor ASA call-
ing off their proposed merger, Ax-
iata’s mobile arm Celcom Axiata
Bhd says a consolidation of Ma-
laysian mobile network operators
will eventually take place to keep
the telecommunications industry
sustainable.
Celcom chief executive officer
(CEO) Mohamad Idham Nawawi
said the telecommunications mar-
ket is getting more competitive, and
that in the long run, “hyper-compe-
tition” may have a negative impact
on the market as telecommunica-
tion companies (telcos) continu-
ously need large capital to reinvest
in their network.
As such, he said market forces
will lead to an industry consolida-
tion for the telcos to survive.
“If you look at other markets that
are close to home, you will see that
the markets have consolidated to
about three to a maximum of four
operators in each of those markets.
That is a trend that is happening
globally,” Mohamad Idham said
yesterday during a media briefing
on Celcom’s business performance.
“[The question is] whether the
market will be able to sustain the
number of players that we have
today.
“Sooner or later, I think that con-
solidation [of telcos] will happen,
or has to happen. Because it is very
difficult for this number of players
to all remain profitable, or able to
make a profit and continue to invest.
It’s such a small market,” he added.
Known to be a capital-intensive
business to operate in, Mohamad
Idham cited a few issues within the
current telecommunications indus-
lion from RM3.61 billion previously,
attributed to the revision of whole-
Sooner or later, I think sale rates. Mobile services revenue
that consolidation also dropped 4.1% to RM2.89 billion
from RM3.02 billion.
[of telcos] will happen, For the full financial year (FY19),
or has to happen. Wong said Celcom has allocated
about RM1 billion for capital ex-
penditure (capex), from which
about RM300 million has been
spent during the first half of the
try, such as the need for continu- year, for rolling out its LTE sites,
ous high investment to maintain its spectrum refarming, and contin-
service, competition for the same uation of network modernisation.
and limited number of subscribers, This compares to a capex of RM1.06
as well as the growing demand for billion in FY18, RM1.28 billion in
new technologies that are difficult FY17, and RM1.33 billion in FY16.
to keep up with. The telco claims to have the
When asked if there should be strongest and largest network in
government intervention to encour- Malaysia with a 4G population cov-
age consolidation within the indus- erage of 93% while 4G LTE-A cov-
try, he said: “One way or another, erage has increased to 81%. In the
the market will take care of itself.” second quarter of 2018, Celcom
Mohamad Idham’s comments on had an LTE coverage of 89% while
the telecommunications industry Wong: We have probably done more [this year] than what we did for the same period LTE-A coverage was at 76%.
came on the heels of the news that last year. Photo by Suhaimi Yusuf Currently, Celcom boasts over
Celcom’s parent Axiata and Telenor 11,000 sites across the country, in-
ASA (the parent company of DiGi. cluding 9,000 LTE sites. The telco
Com Bhd’s largest shareholder Tel-
the failed merger, saying he is not halt anything. Hence the network also claims to have over 96% LTE
enor Asia Pte Ltd) have mutuallyin the position to do so on behalf rollout continued as it is, the intro- population coverage in 10 states,
agreed to end discussions on theof Axiata, but maintained that it is duction of products went on as it is. including Penang, Selangor, Johor
planned non-cash combination “business as usual” for Celcom. “If you look at the period dur- and Perak.
of their telecommunication and “I think this is something that ing which the whole exercise was Moving forward, Mohamad
infrastructure assets in Asia. is between the shareholders. Yes, ongoing, nothing changed. In fact Idham said Celcom will further
After four months of conduct-of course, it involves Celcom if the we have probably done more [this intensify its focus on profitability
ing due diligence on the corpo- transaction were to happen but it’s year] than what we did for the same and operational excellence with
rate exercise, Axiata and Telenor
more driven by the shareholders. period last year,” she said. “smart investments”, which include
decided last Friday to terminateI don’t think I’m in the position to Despite increasing competition, its continuous pace on enhancing
the proposed merger due to “somesay more than what has been said Celcom reported a profit after tax its network infrastructure at lower
complexities”. Although both parties
by Axiata,” he added. and minority interests of RM365 mil- operational costs and exploring new
acknowledged the strong commer- Celcom chief financial officer lion for the six months ended June areas for growth and innovation.
cial merit of the merger, they did not
Jennifer Wong added that even 30, 2019, up 11.7% from RM327 mil- “We have built a very strong net-
provide any further reason why the
when the proposed merger was lion in the same period last year, due work. The question now is where do
arrangement failed. first announced, the company did to savings from continuous cost op- we invest next, how do we strength-
not stop any of its plans for the year. timisation, partly negated by higher en the network further and where
Business as usual “When the due diligence was costs from network expansion. and when do we put up the up-
When asked, Mohamad Idham ongoing, it was business as usual Total revenue for the period, grades, the investments and all
yesterday refused to comment on for us. We didn’t stop, we didn’t however, fell 7.9% to RM3.33 bil- that,” he added.

Opinions divided on whether BNM will cut rate next round

BY TAN XU E Y I N G
KUALA LUMPUR: Bank Negara Ma-
laysia (BNM) decided to keep the
overnight policy (OPR) rate at 3%.
The central bank believes the stance
of Malaysia’s monetary policy, at
the current level of OPR, remains
accommodative and supportive of
the country’s economic activities.
Economists, however, are di-
vided whether BNM will have an-
other another rate cut before the
year ends.
OCBC Bank pointed out that
BNM’s monetary policy statement
released yesterday had retained a
disclaimer clause of how “uncer-
tainty from the prolonged trade
disputes and geopolitical devel-
opments could lead to excessive
financial market stability”, which
points to a continued dovish bias
by the central bank.
“That supports our view that it
will likely trim the OPR further, with
a 25 basis points (bps) cut coming as
soon as the next meeting on Nov 5.
By then, they and the market would
have a better sense of how much
support is to be expected from the
fiscal engine, with the tabling of
Budget 2020 on October 11.
“While Finance Minister Lim
Guan Eng has hinted the govern-
ment will no longer aim for a deficit
target of 3% of gross domestic prod-
uct (GDP) — which would represent
a sizeable fiscal tightening from this
year’s expected 3.4% deficit – it is
hard to imagine any significant lar-
gesse from the upcoming budget.
“Absent any freewheeling fiscal
support, monetary policy would
have to be the game in town,” OCBC
added.
On the other hand, UOB Ma-
laysia said BNM had kept a neutral
tone suggesting no further rate cuts
for now.
It maintained its year-end OPR
target at 3%, premised on a stable
growth trajectory in the second half
of the year and assuming a pro-
tracted negotiation between the
US and China will produce some
resolution although existing tariffs
may not be removed.
“Although the US Federal Re-
serve is expected to embark on fur-
ther rate cuts, we think BNM is likely
to be more cautious and gradual in
their monetary approach to avoid
setting rates ‘too low and too fast’.
“This will be accompanied by
necessary fiscal support as the
government is expected to step up
spending, and adopt a more prag-
matic and expansionary approach
in the upcoming budget to support
the economy... We project OPR to
stay at 3% for the rest of the year,
followed by a potential 25bps cut
to 2.75% in the first quarter of 2020
(1Q20),” said UOB.
MIDF Research concurred say-
ing that OPR should stay at 3% for
the remainder of the year, as the
research house views the 25bps
cut in May as sufficient to boost
economic growth, particularly do-
mestic demand.
“As long as major macroeco-
nomic indicators especially GDP
growth remains stable and above
4% besides gradual increase in
core inflation, we opine no fur-
ther change in monetary stance
is required at this juncture.
“Besides that, the US Federal Re-
serve has only reduced its key policy
rate by 25bps so far. Since there will
be less pressure from both domestic
and external fronts, we anticipate
that Bank Negara will maintain the
OPR at 3% rest of 2019,” said MIDF.
BNM said in yesterday’s state-
ment that domestic drivers of
growth, alongside stable labour
market and wage growth, are ex-
pected to remain supportive of
economic activity going forward;
while on the external front, Malay-
sia’s diversified exports will partly
mitigate the impact of softening
global demand.
The central bank has kept its
overall baseline growth projection
for 2019 within the range of 4.3%
and 4.8%.
FRIDAY S E P T E MBE R 1 3 , 20 1 9 • T HE ED G E FINA NCIA L DA ILY 5
6 HOME BUSINESS
Mavcom works to
benefit all, not just
one — chairman
Aviation consumer complaints are now taken more seriously
BY A H M AD NAQ I B I D RI S
KUALA LUMPUR: Malaysian Avia-
tion Commission (Mavcom) exec-
utive chairman Dr Nungsari Radhi
has come out strongly in defence of
the aviation regulator’s role, saying
it is to ensure its work benefits the
industry overall and not any one
specific player.
“There are many stakeholders in
the aviation industry in Malaysia, not
merely one. We have consciously
worked towards that objective and
will continue to do so,” he said in a
statement yesterday.
In his LinkedIn post on Monday,
AirAsia Group Bhd co-founder and
group chief executive officer Tan Sri
Tony Fernandes had described the
independent aviation regulator as
“a dysfunctional entity” for failing
to discharge its duties effectively
and fairly.
Among the seven reasons he
cited for the commission’s failure
included the time-consuming and
bureaucratic policies introduced
since Mavcom was established in
March 2016, dictating airlines’ com-
mercial decisions, adding unnec-
essary cost burden to travellers, its
failure to introduce service level
agreements between airport op-
erators and airlines and its lack of
understanding and appreciation
of the low-cost model.
In espousing the claims by Fer-
nandes, Nungsari said since 2016,
the commission has undertaken
many initiatives that benefit con-
sumers and industry players.
One of which is the Malaysian
Aviation Consumer Protection
Code 2016, which he said had en-
sured consumers only pay for those
services which they opt for, adding
that it had also eliminated hidden
charges such as the klia2 fee by
AirAsia.
“Meanwhile, payment process-
ing fees cannot be charged sepa-
rately from the base fare. We believe
these measures, resulting in greater
transparency, would allow consum-
ers to enjoy monetary savings and
make more informed decisions.
“We also believe aviation con-
sumer complaints are now being
taken more seriously, and refunds
Oversubscription of IPO by 3.84 times a ‘vote of confidence and belief in MTAG’
BY A H M AD NAQ I B I D RI S
KUALA LUMPUR: MTAG Group
Bhd, slated for a listing on the ACE
Market of Bursa Malaysia Securi-
ties Bhd on Sept 25, has seen its
initial public offering (IPO) over-
subscribed by 3.84 times.
The printing and materials con-
Nungsari says the
commission has
been working with
the industry and
capital markets in
implementing the
internationally-
recognised
regulated asset
base framework.
The Edge file
photo
will be reimbursed to passengers
within 30 days from the date of re-
quest,” he said.
He also noted that between Jan-
uary 2018 and August this year, the
commission had issued over 93% of
air traffic rights (ATRs) applied by
the airlines, of which AirAsia was a
major beneficiary with over half of
the total ATRs awarded being allo-
cated to them.
“We further note that 24% of
these ATRs that were granted to
AirAsia had subsequently been re-
turned to us as they were unutilised,”
he added.
Additionally, the commission
has introduced a robust licensing
application process that ensures
only serious, capable and prepared
applicants are considered, as well
as the Airports Quality of Service
(QoS) framework to elevate service
standards at airports.
“We have also been working
with the industry and capital mar-
kets in implementing the interna-
tionally recognised regulated asset
base framework in Malaysia,” said
Nungsari.
He pointed out that the Mavcom
team, who are former employees
of airlines including AirAsia, air-
ports, other regulatory bodies, pri-
vate sector and civil service, are ably
verting group received 3,518 ap-
plications for 164,917,000 shares
with total value of RM87.4 million.
“We are delighted with the en-
couraging interests from the public.
This indicates a vote of confidence
and belief in MTAG. In addition,
this further validates our decision
to list on Bursa Malaysia,” said
qualified professionals comprising,
among others, aviation profession-
als, financial analysts, economists
and lawyers.
“Despite external pressures, we
believe they have delivered much
good to the consumers and industry.
“The commission and its employ-
ees are duty-bound to act within the
confines of the Malaysian Aviation
Commission Act 2015 [Act 771],
and we intend to ensure industry
players similarly respect the laws
and regulations of the country —
our recent financial penalties are
pursuant to this goal,” he said, re-
ferring to the RM200,000 fine each
slapped against AirAsia and its as-
sociate AirAsia X Bhd for charging
its customers a processing fee when
they purchased air tickets via credit
cards or online banking, as well as
a RM1.18 million fine against Ma-
laysia Airports Holdings Bhd’s unit
Malaysia Airports (Sepang) Sdn Bhd
for not complying with the Airports
QoS framework.
“We are aware that we can be
subject to judicial review. As an ex-
ample, AirAsia had sought leave to
commence judicial review proceed-
ings against the commission. In that
particular case, the Kuala Lumpur
High Court had on June 25 rejected
the said leave application,” he added.
MTAG group managing director
Chaw Kam Shiang in a statement
yesterday.
For the bumiputera portion, a
total of 1,639 applications for 47.7
million new shares were received,
translating to an oversubscription
of 1.8 times.
A total of 1,879 applications for
FR I DAY SEP TEM B ER 1 3 , 2 0 1 9 • TH EEDGE F I N AN C I AL DAI LY
Petronas to operate
LNG bunkering
vessel next year
BY ADA M A Z IZ
KUALA LUMPUR: Petroliam Na-
sional Bhd (Petronas) is slated to
operate its maiden liquefied nat-
ural gas (LNG) bunkering vessel
(LBV) in the region next year, as
it gears up to provide commercial
bunkering services in Malaysia from
2020 onwards.
Petronas’ shipping arm, MISC
Bhd, is partnering Avenir LNG Ltd
to charter a 7,500-cubic metre LBV
to conduct vessel bunkering in the
region, said Petronas LNG mar-
keting and trading vice president
Ahmad Adly Alias.
“It [Petronas LBV] will be the
first to operate in the region, and
bring us closer towards realising
our LNG bunkering aspiration,”
Ahmad Adly told reporters at the
Green Shipping Conference 2019
here yesterday.
In a nutshell, LBVs can conduct
ship-to-ship fuelling for LNG-pow-
ered ships.
Ahmad Adly said that the lifting
of LNG by LBVs can be done in ei-
ther of Petronas’ two regasification
terminals in the country.
Earlier, Ahmad Adly said during
the conference’s keynote speech
that Petronas’ regasification termi-
nal (RGT) in Sungai Udang, Mela-
ka is expected to be ready for LNG
reload activities by the first quarter
of next year.
This follows the readiness of the
other RGT in Pengerang, Johor,
which has already seen the lifting
of LNG by LBV Kyros — the world’s
largest — in October 2018.
“In addition, RGT Pengerang
will be equipped with LNG filling
stations for trucks and
Sunway JV wins China land tender
BY LA M J IA N W Y N
KUALA LUMPUR: Sunway Bhd’s
indirectly-owned joint venture
company, Tianjin Eco-City Sun-
way Property Development Co Ltd,
has submitted a winning bid of
RMB438 million (about RM257.78
milllion) to acquire a parcel of land
in Tianjin, China.
In a filing with Bursa Malaysia,
the group said it plans to embark
on a residential development on
the land — which measures about
27,712.5 sq m — named Sunway
Garden Phase 3 which consists of
seven blocks of condominiums.
The development is expected
117.22 million new shares were
received for the remaining public
portion, which represent an over-
subscription rate of 5.88 times.
Meanwhile, the 14 million shares
earmarked for eligible directors,
employees and persons who have
contributed to the success of the
group as well as the private place-
International Organisation for
Standardisation containers to sup-
port small and remote bunkering
requirement,” he added.
While he did not disclose the
current and targetted utilisation
rate of RGTs, Ahmad Adly said Pe-
tronas has already signed on with
“a few” customers for the vessel
bunkering service.
“We are still working towards
building up the volume,” he said,
adding that Petronas Dagangan
Bhd will act as the ‘touchpoint’
which will conduct the bunker-
ing service.
The push for LNG — a zero-sul-
phur fuel — as shipping fuel, is
concurrent with the upcoming
International Maritime Organi-
sation 2020 regulation to enforce
low sulphur emission from vessels
beginning next year.
Petronas is among the largest
LNG producers in the world, with
reserves in both Peninsular Malay-
sia and Sabah and Sarawak.
On a related matter, Ahmad Adly
said the government could help
provide more incentives for ves-
sel owners to convert their ships
to LNG-powered systems.
“Singapore has introduced an
incentive to offer grant of S$2 mil-
lion (RM6.05 million) to convert
[to LNG-fuelled vessels].
“We are trying to get the govern-
ment to provide more incentives to
shipowners [to encourage them to
do the same],” he said.
Incentives provided in Malay-
sia include the Green Port Policy
by the Johor Port Authority, where
incentives such as lower tariff is
imposed on visiting vessels that
use clean fuel.
to start in May 2020 and targetted
to be completed by May 2023 and
contribute positively to the group’s
earnings for the financial year 2023
onwards.
Tianjin Eco-City Sunway Prop-
erty Development Co Ltd is 60%
owned by Sunway City (S’pore) Pte
Ltd which in turn is a subsidiary
of Sunway, while the remaining
equity is held by Sino-Singapore
Tianjin Eco-City Investment and
Development Co Ltd.
Shares in Sunway Bhd closed
one sen up at RM1.64 yesterday,
with 2.88 million shares traded,
giving it a market capitalisation of
RM8.09 billion.
ment of 68.16 million shares to bu-
miputera investors approved by the
ministry of international trade and
industry and the 20.07 million new
shares made available to selected
investors have all been placed out.
M&A Securities is the adviser,
sponsor, underwriter and place-
ment agent for MTAG’s IPO.
FRIDAY S E P T E MB E R 1 3 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
UOB sees RM5b-8b
contingency funds
in Budget 2020
Priorities expected to be high-impact, high-multiplier projects
BY J UST I N LI M
KUALA LUMPUR: United Overseas
Bank (Malaysia) Bhd (UOB Malaysia)
expects the government to set aside
between RM5 billion and RM8 bil-
lion as contingency funds in Budget
2020 to cushion the Malaysian econ-
omy from any adverse impact of the
US-China trade dispute and more
pronounced global slowdown.
“We think the priorities of con-
tingency measures in 2020 would
be high-impact and high-multi-
plier projects,” said UOB Global
Economics and Markets Research
senior economist Julia Goh.
“Should the contingency funds
be fully utilised, Malaysia’s fiscal
deficit may widen to around 3.5%-
3.7% of GDP (gross domestic prod-
uct) next year, higher than our base-
line forecast of 3.2% of GDP.
“We do not expect this to nec-
essarily pressure Malaysia’s sover-
eign ratings in view that these are
countercyclical measures aimed
to stabilise the domestic economy
amid a sharp deterioration in the
global landscape,” Goh said in a
preview of Budget 2020.
Budget 2020 is scheduled to be
tabled on Oct 11.
Goh noted that Finance Minister
Lim Guan Eng said in early August
that the upcoming budget would
have contingency measures to in-
sulate Malaysia from any adverse
impact from the US-China trade
dispute.
Two previous stimulus packages
announced during the global finan-
cial crisis in November 2008 and
March 2009 included a direct spend-
ing package, other measures and
Decision on postage rates to be announced soon
BY A R J U N A C H A ND RA N SHANKAR
KUALA LUMPUR: The ministry
of communications and multi-
media said an announcement
on a potential postage hike will
be made as early as next month.
Communications and Mul-
timedia Minister Gobind Sin-
gh Deo said the announcement
could come at the start of the next
session of Parliament on Oct 7.
“We are looking at something
right now. Once I get the report
[on the potential hike], I will hold
a press conference on this,” he
told reporters.
Market talk is that Pos Malaysia
Bhd is expected to benefit from a
incentives that covered government
guarantee funds, private finance in-
itiatives, and off-budget projects.
Goh said the government is like-
ly to take a pragmatic and responsi-
ble approach in the coming budget.
“The fiscal stance is likely to be
expansionary while keeping to the
task of narrowing the fiscal deficit.
“We expect a fiscal deficit of 3.2%
of GDP for 2020 (versus -3.4% in
2019), which is wider than the in-
itial deficit target of 3% that was
highlighted in Budget 2019.
For corporates as
well as medium- and
high-income earners,
the good news is no
new taxes will be
introduced.
The slowdown in GDP growth
is mainly underpinned by the cau-
tious tone about the momentum
of private investment and export
sector going into 2020 against a
backdrop of prevailing weak busi-
ness sentiment, a persistent down-
trend in the global tech cycle, and
softening global demand, she said.
Goh said given lingering risks
on the global front and signs that
the domestic economy is moderat-
ing, she expects the government to
loosen its purse strings in targeted
areas such as trade and industry,
communications, healthcare, edu-
cation and training as well as infra-
structure projects to spur growth.
“We project development ex-
hike in postal tariffs and this has
led to a rise in the postal compa-
ny’s share price in recent months.
In an interview with The Edge
Malaysia weekly (July 22-28 edi-
tion), Pos Malaysia chief execu-
tive officer Syed Md Najib Syed
Md Noor said the company re-
mained in engagement with its
regulator, the Malaysian Commu-
nications and Multimedia Com-
mission, on the postal tariff issue.
The tariff has remained un-
changed at 60 sen per standard
20g mail since 2010, when it was
doubled from the previous rate.
Syed Md Najib told The Edge
Malaysia weekly that over 80% of
Pos Malaysia’s snail mail consti-
penditure allocation to be raised
by 0.5% to RM 55 billion for 2020
(from a budgeted RM 54.7 billion
for 2019) to accommodate more
growth stimulus-driven projects,”
she said.
Previously, the government
slashed the development expend-
iture to RM220 billion from RM260
billion for the period between 2016
and 2020. Between 2016 and the first
half of 2019, the government spent
RM166.4 billion on development
expenditure, which was equivalent
to 75.6% of the RM220 billion target.
Meanwhile, Goh said the oper-
ating expenditure is expected to in-
crease by 3% to RM229.4 billion in
2020, largely due to fixed expenses
such as emoluments, pension and
gratuities, as well as debt service
charges.
On the revenue front, UOB Ma-
laysia projects government revenue
to rise by 3% to RM 231.5 billion in
2020, even as no new taxes will be
introduced.
On potential budget measures
in the upcoming Budget 2020, UOB
Malaysia thinks that the low-income
group and small- and medium-sized
enterprises will be in focus.
“For corporates as well as medi-
um- and high-income earners, the
good news is no new taxes will be
introduced.
“This compares to the sugar
tax, departure levy, digital tax, real
property gains tax and Special Vol-
untary Disclosure Programme an-
nounced in Budget 2019,” she said.
Guan Eng has hinted that the
government is unlikely to cut the
corporate tax rate next year due to
financial constraints.
tuted commercial mail.
“Commercial and individual
mail should be treated differently
because a lot of corporations do
charge their customers for mail.
The stamp cost over the last dec-
ade has not risen but our cost of
handling has,” he said.
While he did not express an
ideal tariff rate, Syed Md Najib
said Pos Malaysia would like a
revised regulatory regime.
At the same time, he added that
the group was pursuing a high-
er yield from its existing network
and coverage infrastructure, which
would involve digitisation and au-
tomatisation to boost efficiency so
that courier volume can increase.
HOME BUSINESS 7
Gobind (left) with Tapway Sdn Bhd business development executive Mohamed
Amin Touil at the AI and Big Data conference yesterday. Photo by Suhaimi Yusuf
‘Malaysia well-positioned
in Southeast Asia for
R&D of ethics in AI’
KUALA LUMPUR : Malaysia,
uniquely located at the heart
of Southeast Asia, is well-posi-
tioned to be a leader of research
and development (R&D) of eth-
ics in artificial intelligence (AI),
Communications and Multime-
dia Minister Gobind Singh Deo
said yesterday.
“It is important that we build
the necessary data and AI capa-
bilities to ensure our industries,
government and people are able
to take advantage of the oppor-
tunities being offered,” he said in
his speech at the launch of the
Next Big Tech Asia 2019 annual
conference and exhibition on AI
and Data.
Emphasising that Malaysia rec-
ognises the potential and oppor-
tunities offered by data and AI,
Gobind said that according to a
recent study by the International
Data Corp, the Malaysian big data
and analytics software market is
forecast to reach RM595 million
by 2021.
Gobind stressed that three key
components — talent, trust and
ethics — are required to develop
a proper AI and data ecosystem.
“There is a consensus amongst
governments, industry leaders
and recruitment firms worldwide
that there is a global shortage of
AI talent. Malaysia, like the rest
of the world, needs to develop
deeper talent to further grow our
AI ecosystem,” he said.
He added that the growth of
AI would require big data capa-
bilities and what has been cate-
gorised as privacy preservation
technologies, which would be
critical for the continued capi-
talisation of data.
“Increasingly, we need priva-
cy solutions that can enable data
integration across organisational
boundaries. We also need more
secure solutions, especially new
methods of encrypting data on
the public cloud,” he added.
With the growing use of AI
in our economy and workforce,
Gobind believes it is crucial to
proactively address the national
cybersecurity risks holistically
and adequately.
He said it could be done
through a national strategy, leg-
islation and enforcement, innova-
tion and industry development as
well as raising public awareness.
“AI must be developed to in-
clude the assimilation of ethical
values, taking into consideration
the interests and wellbeing of so-
ciety,” he said.
Gobind added that in building
AI capabilities in Malaysia, the
government will take a practical
approach to get the best returns
to investment in the field.
He welcomed the participation
of the government, industry part-
ners and the private sector to play
key roles to enable the country to
compete with developed nations.
Gobind said he believes the
Malaysia Digital Economy Corp
is capable of playing a key role
through close collaborations with
industry partners and tertiary in-
stitutions to develop talents in AI
to meet the needs of the industry.
Speaking to reporters later,
Gobind said his ministry is study-
ing a policy for data and AI which
play significant roles in the In-
dustrial Revolution 4.0.
“This policy is a priority of my
ministry. We are looking at for-
mulating a data-and-AI policy. At
an event like this, it brings stake-
holders together and we get input
from them as to what they are
concerned about.
“We are now in the process of
listening to input from all stake-
holders, after that we will sit down
and formulate [the] policy. Once
a policy is ready, then I will have
to take [it] to the cabinet,” he said.
— Bernama
8 HOME BUSINESS
M’sia needs fiscal buffer
to face any contingency
— World Bank
Raad expects govt to stick to fiscal deficit target of 3% of GDP
PUTRAJAYA: There is a need for
Malaysia to create a fiscal buffer
to address any contingency, said
World Bank Group (WBG) Repre-
sentative to Malaysia and Country
Manager Dr Firas Raad.
“Our general advice to the gov-
ernment at the moment is to think
about building their fiscal buffer
and make sure there is enough
fiscal space to address any con-
tingency that may emerge,” he told
the media after the launch of WBG
Report on Monitoring Occupa-
tional Shortages: Lesson From
Malaysia’s Critical Occupational
List (COL) by Human Resources
Minister M Kulasegaran yesterday.
Raad said the government is
seeking to boost economic growth
without eroding fiscal discipline
and faces challenges in balanc-
ing both.
Meanwhile, he said World Bank
expects Malaysia to stick to its pre-
vious forecast fiscal deficit target of
3% of the gross domestic product
(GDP) next year when it announc-
es the federal budget in October.
On the annual report, Raad said
Malaysia’s COL was an innovative
platform for keeping abreast of
changing labour market demands
associated with new technologies,
automation, and Industry 4.0.
“Many countries in Southeast
Asia, including Malaysia, face im-
balances between labour demand
and supply but fail to effectively
Destini proposes private placement
exercise to repay borrowings
BY A H M AD NAQ I B I D RI S
KUALA LUMPUR: Destini Bhd has
proposed a private placement to
raise approximately RM49.67 mil-
lion in funds for the repayment
of bank borrowings and working
capital purposes.
Based on its filing with the
bourse yesterday, the engineer-
ing group intends to issue up to
231.05 million shares for the place-
ment exercise, representing up to
20% of the total number of issued
shares in Destini.
Based on an indicative issue
price of 21.5 sen per placement
share, the exercise is expected to
raise RM49.67 million in proceeds,
out of which RM21 million will be
used to repay bank borrowings.
Meanwhile, RM22 million will
go towards funding its existing
Raad says the government is seeking to boost economic growth without eroding fiscal
discipline and faces challenges in balancing both.
deploy students and job seekers
in a way that addresses these im-
balances,” he said.
In his speech, Kulasegaran said
skill shortages and job mismatch-
es among employees in Malaysia
could lead to serious repercussions
if left unremedied.
He said the backlash is not
just for the economy at large but
for key industries like healthcare,
manufacturing and construction,
whose growth is driven by skilled
workers.
Kulasegaran said he was sur-
prised to find out from his recent
discussions with company chief
executive officers that there was a
projects, RM5 million for new pro-
jects, while RM1.39 million has
been earmarked for general re-
quirements.
The balance of the proceeds will
be used to cover the estimated ex-
penses for the private placement.
Destini said its cash and cash
equivalents had fallen to RM6.46
million as at the end of June 30,
2019, compared with RM52.36 bil-
lion as at Dec 31, 2016.
“The group has been using its in-
ternally generated funds and bank
borrowings to fund the capital ex-
penditure and other related costs
of its existing projects.
The proceeds raised from the
proposed private placement will
provide additional funds or the
group to continue to fund those
projects, which are generally cap-
ital intensive in nature,” it added.
THE EDGE FILE PHOTO
shortage of skilled workers and that
companies faced difficulties in find-
ing apprentices from the ministry,
which trains about 15,000 people
under the upskilling and reskilling
programmes.
“This is probably due to job mis-
match or something which did not
coordinate well,” he said.
Apart from the latest technolo-
gies such as artificial intelligence
and big data analytics, he said tra-
ditional skills like welding are also
in high demand in the job market.
“A lot of people do not realise
how important this skill, which is
easily available at training institutes
under the ministry, is. — Bernama
Upon completion of the exer-
cise, the group’s total share base
will increase to 1.39 billion shares
from 1.16 billion. In line with the
increase in shares, its share capital
will increase to RM432.48 million
from RM382.81 million.
Its total borrowings are expect-
ed to be reduced to RM115.1 mil-
lion after the repayment of its bank
borrowings, from RM136.1 million,
translating to a lower gearing ratio
of 0.21 times versus 0.27 times as
at Dec 31, 2018.
“Barring any unforeseen cir-
cumstances, the proposed pri-
vate placement is expected to be
completed by the fourth quarter
of 2019,” it said.
Destini fell 0.5 sen or 2.27% to
21.5 sen with 1.29 million shares
traded yesterday, giving it a market
capitalisation of RM248.37 million.
FR I DAY SEP TEM B ER 1 3 , 2 0 1 9 • TH EEDGE F I N AN C I AL DAI LY
Darell: India’s review of Asean
FTA will not affect RCEP talks
KUALA LUMPUR: India’s de-
cision to review its free trade
agreement (FTA) with Asean is
not seen as affecting the talks
on the Regional Comprehensive
Economic Partnership (RCEP),
which are expected to be com-
pleted by year-end.
International Trade and In-
dustry Minister Datuk Darell
Leiking said the ongoing nego-
tiations are moving in a positive
direction, with all 16-member
countries finding solutions to
conclude the pact within the
expected timeline.
“We (RCEP member coun-
tries) just had our meeting in
Bangkok and there will be an-
other one by the end of this
month in Danang, Vietnam and
only then will we know the po-
sition of India. What we heard
from them during the last day of
the meeting was quite positive.
“I think they may have some
political and domestic concerns
back in their country and they
will probably address their [fi-
nal] position at the next RCEP
meeting,” he told reporters af-
ter delivering the keynote ad-
dress at the Miti Consultative
Dialogue 2019 yesterday.
Darell said that it is more im-
portant that RCEP be concluded
now, noting that the trade talks
have been going on for several
years while the region needs
to have a strong economy and
a rule-based understanding
among the 16 countries.
On the Investor-State Dis-
pute Settlement (ISDS) mech-
anism in the RCEP negotia-
tions, he said the cabinet has
instructed his ministry to disa-
gree with the ISDS mechanism
in the trade deal. The negotia-
tions regarding this particular
matter were led by Malaysia.
“Even in 2015, when all the
pact members agreed to hav-
ing ISDS in the RCEP, this was
changed at our last meeting in
Maxis partners with
Cisco for joint offerings
KUALA LUMPUR: Maxis Bhd
has forged a strategic partner-
ship with a global technology
leader, Cisco, through a mem-
orandum of understanding
(MoU) inked here yesterday,
to jointly deliver a wide range
of market-leading technologies
for businesses in Malaysia.
The first of many planned
joint offerings from this part-
nership for the Malaysian
market is the Managed Soft-
ware-Defined Wide Area Net-
work (SD-WAN) solution for
business.
Maxis chief enterprise busi-
ness officer Paul McManus said
the collaboration would em-
power enterprises in embrac-
ing the significant benefits of
the next generation of digital
network solutions.
“This software-defined net-
working solution provides com-
China, which was also led by
Malaysia, and we explained
along with other countries who
agreed with us as to why we do
not need to consider (ISDS in
the deal) when it is conclud-
ed,” he said.
However, he said the pos-
sibility of having ISDS in the
RCEP may be renegotiated
within two years after the trade
deal comes into force, should
there be any need to do so, de-
pending on the economic en-
vironment at that time.
Earlier in his speech, Darell
announced two initiatives
to further strengthen syner-
gy within industry, namely
“Friends of Miti” and “Con-
sultative Group of Industrial
Development”.
“Friends of Miti is a register
of stakeholders from industry
and business associations for
the purpose of strategic alli-
ances and collaboration with
Miti in the future, while the
second initiative is to provide a
platform for industry players to
be involved in the policy-mak-
ing process especially those
related to industry’s interest,”
he said.
The minister also called for
closer cooperation and engage-
ment, saying it could pave the
way towards establishing great-
er synergy between the public
and private sectors.
He said that while the gov-
ernment will do all that it can to
safeguard the public interest, it
must do away with unnecessary
bureaucratic measures which
could impede potentially bene-
ficial economic projects driven
by the private sector.
At the same time, he urged
industry players to respect
the regulatory framework and
continuously give constructive
feedback, saying this could im-
prove the policy-making pro-
cess. — Bernama
plete flexibility and enables en-
terprises to grow as their needs
evolve in a digital, cloud and
data-driven world,” he said in
a statement.
SD-WAN is a next-generation
networking technology, which
allows for simplification in the
management, deployment and
administration of organisations’
network requirements.
Meanwhile, Cisco Asean
president Naveen Menon said,
“With the power of the cloud,
businesses can connect any
user, any application, anywhere.
“Our strength in cloud-based
architecture and Maxis’ net-
work leadership forms the ba-
sis of this partnership, which
is a significant step forward in
accelerating digital transfor-
mation and driving new ways
of working for enterprises.” —
Bernama
FRIDAY S E P T E MB E R 1 3 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
‘Apple TV+ is no threat to Astro’
BY WO N G SWEE MAY
KUALA LUMPUR: Apple Inc’s upcoming
TV+ video streaming service, which will
be launched on Nov 1 worldwide, is not
expected to compete with pay-TV oper-
ator Astro Malaysia Holdings Bhd, said
CGS-CIMB Research in a note yesterday.
This is because Apple TV+ — which will
charge RM19.90 onwards per month —
will likely face competition from pirated
streaming sites, said the research house.
“It is common to hear Malaysians of
all income levels openly admitting to
streaming on pirated sites. Media Part-
ners Asia reported that only 1.5% of Ma-
laysians directly subscribed to streaming
services in 2018, with Netflix being the
service of choice,” it added.
Moreover, the streaming service will
only debut nine original titles on its
launch day, while the Malaysian ver-
Straits Inter Logistics unit to buy oil tanker
for RM20.45m
BY TAN XUE Y I N G
KUALA LUMPUR: Straits Inter Logistics
Bhd’s unit has signed a memorandum of
agreement (MoA) to acquire a 13 year-old
oil tanker named Poseidon for a total of
US$4.84 million or RM20.45 million cash
from Hibiscus Fuels Ltd.
The proposed acquisition is in line with
the group’s strategy to enlarge its asset base
in view of the higher business volume and
the expansion phase that it is currently
experiencing, said Straits.
In an exchange filing, Straits said the
MoA was signed between SMF Ixora Ltd
and Hibiscus Fuels. SMF Ixora is a whol-
ly-owned subsidiary of Straits Marine Fuel
& Energy Sdn Bhd, which in turn is a 67%
owned subsidiary company of the group.
Poseidon provides oil bunkering servic-
es and is capable of undertaking a max-
imum of some 35,000 tonnes of marine
fuel oil on a monthly basis.
MTC expects RM28m sales at Furniture China
KUALA LUMPUR: The Malaysian Timber
Council (MTC) expects Malaysian com-
panies’ participation in the 25th China
International Furniture Expo (Furniture
China) to record RM28 million sales, al-
most triple of last year’s RM10.92 million.
The expo that started on Monday and
ended yesterday featured 19 furniture
companies from Malaysia at the MTC’s
Malaysia Pavilion.
“China is an important market for
Malaysia, and we need to boost our trade
opportunities with our existing partners
as well as enrich our business network
circle by exploring new ventures,” MTC
chairman Datuk Low Kian Chuan said
in a statement.
Nevertheless, he called for Malaysian
furniture manufacturers to innovate
and stay abreast of all developments in
the industry in order to be relevant and
sought-after.
Meanwhile, Ministry of Primary Indus-
tries Secretary-General Datuk Dr Tan Yew
Chong, who leads the Malaysian delega-
tion, said Malaysian companies need to
analyse the market trends and anticipate
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HOME BUSINESS
sion of the Apple TV app — which also
launches on the same day — may not
offer video-on-demand (VoD) service
for broadcast channels, unlike the US
version.
“We believe that Apple TV+’s entry into
the Malaysian maket may not engender
a seismic shift in the country’s media
industry,” it said. CGS-CIMB Research
highlighted the Malaysian market’s pref-
erence for local content.
“Astro’s growth over the last few years
has been powered by its stronger invest-
ment in high-quality ethnic programmes.
It has also made inroads into the stream-
ing space, with its revamped Astro GO
VoD service and bundling of HBO GO and
iQiyi to its pay-TV subscribers,” it said.
The research house maintained its
“add” rating and target price of RM1.75,
thanks to its yields of 7.1% to 7.3% and
its penetration rate of 77% as at April.
Straits said the vessel’s purchase price
is at a 16.55% discount to the market val-
ue as ascribed by an independent regis-
tered valuer.
“Further, the vessel will be chartered to
SMF for its business activities, which are
mainly catered for demand in the trading
of marine fuel oil as well as the provision
of oil bunkering services of marine fuel oil,
while nine vessels currently owned by the
group will be catered for demand in the
trading of marine gas oil and the provision
of oil bunkering services of marine gas oil
in Malaysia,” said Straits.
“The group expects the utilisation of
Poseidon will increase the sales volume
of the group in its entirety, which will in-
crease the financial performance of the
group moving forward.”
Shares in Straits closed half a sen high-
er yesterday at 21 sen on Bursa Malay-
sia, bringing it a market capitalisation of
RM136.64 million.
future customers’ preferences, including
the furniture designs which incorporate
lifestyle concepts to enhance Malaysia’s
competitive advantage.
“We need to explore further the trade
and investment opportunities that Fur-
niture China can offer the Malaysian fur-
niture manufacturing sector,” he said as
quoted in the statement.
Last year, China was the seventh-largest
importer of Malaysian wooden furniture
valued at RM254.3 million, an increase of
26.7% from 2017.
Globally, Malaysia was the ninth-largest
furniture exporter in the world in 2018.
Furniture China, one of the largest fur-
niture exhibitions in Asia, serves as an
important platform to boost business
and attract buyers, not only from China
but also countries such as the US, Can-
ada, the UK, South Africa, Spain, Japan,
France, India and Italy.
More than 200 brands from 29 countries
and regions showcased their products at
the expo with newcomers from New Zea-
land, Greece, Spain, Portugal and Brazil.
— Bernama
ST O C KS W I T H M O M E N T U M 9
Our shareholders, directors and employees may have positions in any of the stocks mentioned.
HUBLINE BHD (+ve)
TRADING of shares in Hubline Bhd (fun- million shares changing hands, three times
damental: 0.4/3, valuation: 0.3/3) triggered higher than its 200-day average volume of
our momentum algorithm yesterday for the
second time this year.
The counter settled half a sen or 10%
11.16 million shares.
The shipowner and charterer said it had en-
tered into a share sale agreement with Absolute
higher at 5.5 sen yesterday, with a market Privilege’s director Pau Chiong Ching for the
capitalisation of RM210.01 million. proposed acquisition of all of his 1.5 million
The counter was the fifth most actively ordinary shares in the company, representing
traded on Bursa Malaysia, with some 37.81 a 75% equity interest, for RM16.37 million.
HUBLINE BHD Valuation score* 0.30
Fundamental score** 0.40
TTM P/E (x) -
TTM PEG (x) -
P/NAV (x) 1.01
TTM Dividend yield (%) -
Market capitalisation (mil) 189.86
Shares outstanding (ex-treasury) mil 3,797.28
Beta 2.76
12-month price range 0.04-0.07
*Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength
& profitability
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
KUMPULAN POWERNET BHD (+ve)
TRADING of shares in Kumpulan Powernet
Bhd (fundamental: 0.95/3, valuation: 0/3)
a net loss of RM1.4 million a year ago, while
revenue surged to RM11.97 million, from
triggered our momentum algorithm yester- RM1.28 million for the year-ago quarter.
day for the 13th time this year. This brings Kumpulan Powernet’s full-
The counter closed 3.5 sen or 3.91% up year net profit to RM476,000, versus a net
at 93 sen yesterday, with a market capitali- loss of RM4.98 million for FY18, whereas
sation of RM70.82 million. The counter saw revenue more than doubled to RM13.24 mil-
some 1.77 million shares exchanged hands, lion, from RM5.73 million for the preceding
more than its 200-day average volume of year. The group attributed its better profita-
278,027 shares. Kumpulan Powernet made bility to the sale of units under its property
a net profit of RM2.3 million for the fourth division and the effect of its management
quarter ended June 30, 2019, compared to restructuring exercise.
KUMPULAN POWERNET BHD Valuation score* 0.00
Fundamental score** 0.95
TTM P/E (x) -
TTM PEG (x) -
P/NAV (x) 3.23
TTM Dividend yield (%) -
Market capitalisation (mil) 70.82
Shares outstanding (ex-treasury) mil 76.15
Beta -0.18
12-month price range 0.30-0.93
*Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength
& profitability
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
SALUTICA BHD (+ve)
TRADING of shares in Salutica Bhd (fun- For the fourth-quarter ended June
damental: 1.2/3, valuation: 1.2/3) triggered 30, 2019, Salutica’s net loss narrowed to
our momentum algorithm yesterday for the RM813,000 from RM989,000 a year ago,
ninth time this year. while revenue shrank 61.96% year-on-year
The stock closed 5.5 sen or 8.87% higher to RM16.01 million from RM42.08 million.
at 67.5 sen yesterday, with a market capital- For the full year ended June 30, 2019, the
isation of RM259.87 million. group slipped into the red with a net loss of
The counter saw some 14.98 million RM550,000 against a net profit of RM11.36 mil-
shares traded, 11 times more than its 200- lion a year ago. Revenue was down by 46.85%
day average volume of 1.29 million shares. to RM138.97 million from RM216.47 million.
SALUTICA BHD Valuation score* 1.20
Fundamental score** 1.20
TTM P/E (x) -
TTM PEG (x) -
P/NAV (x) 1.52
TTM Dividend yield (%) 4.86
Market capitalisation (mil) 238.69
Shares outstanding (ex-treasury) mil 384.99
Beta 1.55
12-month price range 0.28-0.63
*Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength
& profitability
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
1 0 P R O P E RT Y
Riady scion seeks to save
an Indonesian empire
He wants Lippo to be among largest Southeast Asian property firms within 20 years
BY H AR RY SU H A RTON O
JAKARTA: Late last year, when Indo-
nesia’s biggest property developer
was sinking under debt, the Lippo
Group’s Riady family realised it was
crunch time.
At a meeting to discuss rescue
options, tycoon Mochtar Riady, 90,
the founder of the group, turned to
his young grandson for help. Reluc-
tant at first, John Riady — a Wharton
School graduate — said he eventual-
ly agreed to run the troubled flagship
PT Lippo Karawaci. His salvage plan
included a US$788 million (RM3.29
billion) rights issue in July, sale of
assets, and a debt recast.
The measures have helped ease a
cash squeeze and put the loss-mak-
ing listed property unit on a path to
recovery. The revamp will start re-
turning positive cash flow starting
next year, while the company will
continue to dispose of non-core
assets to pare debt, the junior Riady
said in an interview. In a show of
confidence, shares in the developer
have surged 37% since he became
the chief executive officer (CEO) in
March, while its dollar bonds have
also rallied.
A family member stepping in
“sends a message to the market that
we are serious about it and we are
committed to it”, John, 34, said in an
interview on Monday at a golf course
developed by his company on the
outskirts of Jakarta. “That you are
not going to default, you are going
to fix things.”
Having tided over the crisis that
also threatened to drag down the
wider, 68-year-old banking, media
and hospital empire, the Riady scion
is already charting a new course for
growth. The focus would be main-
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John: We are entering a 10- to 15-year golden window of opportunity where
homeownership will rise. Photo by Reuters
ly on property development and
healthcare: legacy businesses that
are “relatively protected from the
digital revolution”, John said.
The tycoon wants Lippo to be
among the largest real estate com-
panies in Southeast Asia within
two decades, rivalling regional gi-
ants such as the Philippines’ Ayala
Land Inc and Singapore’s Capita-
Land Ltd.
Aiding those ambitions would be
rising demand for homes in Indone-
sia, the world’s fourth-most populous
nation. The country will need 12 mil-
lion homes over the next decade as
more Indonesians seek ownership,
John said, adding Lippo would be
at the forefront to tap that market.
“We are entering a 10- to 15-year
golden window of opportunity where
homeownership will rise,” he said.
“You’re gonna see this boom.”
Print + Digital
(12 months)
$169$3.25 per week
Indonesian President Joko Wido-
do’s recent efforts to make home
purchases easier may also fuel de-
mand. With growth in the US$1 tril-
lion economy facing the risk of slow-
ing to a five-year low in 2020, the
government and the central bank
have been easing mortgage loan
rules to help stimulate demand.
While the future offers opportunities
for the group, John will still need to
ensure a steady cash flow to prevent
a recurrence of the debt woes that
have plagued his company.
Currency pressure
The company’s largely dollar-de-
nominated debt has put pressure
on its cash flow as the rupiah weak-
ened more than 6% against the
greenback over the past two years.
The timing could not have been
worse because the firm was em-
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FR I DAY SEP TEM B ER 1 3 , 2 0 1 9 • TH EEDGE F I N AN C I AL DAI LY
barking on a US$18 billion Meikarta
township project, the group’s largest
and most ambitious undertaking.
The company’s finances are
comfortable enough to repay about
US$484 million of dollar-denomi-
nated debt coming due in the next
three years, John said, adding the
recast has helped reduce debt over
equity to 29% from as much as 40%
at the end of last year.
The action plan to revive Lip-
po has made the firm’s high-yield
dollar notes due 2022 and 2026
among the best-performing cor-
porate dollar bonds in Asia this
year, according to data compiled
by Bloomberg.
Meikarta project
The executive is also inheriting
some of the fallout from a bribery
probe related to approvals for the
Meikarta development. The inquiry,
which required group vice chair-
man James Riady — John’s father
— to answer investigators’ queries,
almost derailed the project.
These challenges contributed to
John’s initial hesitation to take up
the top job when his grandfather,
uncle, and father approached him.
And, it is rare within the group for
a family member to be named the
CEO of a listed company.
“I thought about it for one [to]
two weeks,” he said.
“But then [I] took about three
[to] four months to put together a
transformation plan to make sure
it was a plan that was fully funded
and can succeed,” he added.
“It’s a big role, so I don’t take it
lightly. You have a responsibility
not only to the family but to the mi-
nority shareholders at large. That’s
real.” — Bloomberg
Brexit casts
shadow over UK
housing market
outlook — RICS
BY K WA ME A MOA H ME N S A H
LONDON: Brexit uncertainty is
likely to press down on house prices
and the volume of property sales
over the next three months, a close-
ly watched industry survey showed
yesterday.
The Royal Institution of Char-
tered Surveyors (RICS) said its
headline price balance for August
rose to -4 from -9 in July, bucking
economists’ average expectation
in a Reuters poll for a further de-
cline to -11.
But RICS members’ outlook for
the next three months — during
which period Britain is scheduled
to leave the European Union (EU)
— grew darker.
Sales volume expectations for
the next three months dropped
to -23 from -4, while short-term
expectations for prices declined
to -24 from -13.
“It is hard to get away from
the shadow being cast over the
housing market by the seemingly
never-ending Brexit saga. Indeed
uncertainty is a theme that re-
spondents continue to highlight as
a negative influence on sentiment
in survey after survey,” RICS chief
economist Simon Rubinsohn said.
Although Prime Minister Boris
Johnson has vowed to take Britain
out of the EU by Oct 31 — without
a transition deal if needed — the
parliament has ordered him to ask
the EU for a delay if he fails to nego-
tiate a new agreement with the bloc.
Britain’s housing market has
slowed since June 2016’s referen-
dum decision to leave the EU,
though outright price falls have
been concentrated in London and
nearby areas — a pattern that per-
sisted in August’s RICS data.
Higher purchase taxes on hous-
ing costing more than £1 million
(RM5.13 million), as well as con-
cern about the effect of Brexit on
London’s financial service indus-
try, have weighed on prices in the
British capital. — Reuters
FRIDAY S E P T E MB E R 1 3 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Vital for media to be free
It must have room to play a check-and-balance role, says Gobind
KUALA LUMPUR: It is important
to have a media that is free to re-
port the truth, “even if it may be
in the form of criticism of the gov-
ernment”, Communications and
Multimedia Minister Gobind Singh
Deo said yesterday.
He said the media also helps to
create and maintain connections
among various groups in society.
“It socialises and educates us,
and guides us towards accepting
certain ideas or perspectives and,
of course, it entertains us by tai-
loring over-the-top content to our
requirement and preferences,” he
said in his opening speech at the
Unesco Open Talks@KL 2019 in
conjunction with the International
Day on Universal Access to Infor-
mation, here.
Do not be in denial of the
haze, Yeo tells Indonesia
KUALA LUMPUR: Malaysia has
pointed out that Indonesia is respon-
sible for the current haze that has
enveloped a major part of Malaysia.
Energy, Science, Technology,
Environment and Climate Change
Minister Yeo Bee Yin said Indo-
nesian Environment and Forest-
ry Minister Dr Siti Nurbaya Bakar
should not be in denial that Indo-
nesia is responsible for the haze
in Malaysia.
She said the data from Asean
Specialised Meteorological Cen-
tre (ASMC) clearly shows that the
neighbouring country is respon-
sible.
China, Malaysia to set up dialogue mechanism
BY B EN B L A NC H A RD
BEIJING: China and Malaysia have
agreed to set up a joint dialogue
mechanism for the disputed South
China Sea, the Chinese govern-
ment’s top diplomat said yester-
day after meeting Malaysia’s foreign
minister.
Recent Chinese naval deploy-
ments in the strategic waterway,
through which more than US$3.4
trillion (RM14.18 trillion) worth of
goods are transported annually,
DPM meets Jokowi to convey condolences on Habibie’s death
JAKARTA: Deputy Prime Minister
(DPM) Datuk Seri Dr Wan Azizah
Wan Ismail met Indonesian President
Joko Widodo (Jokowi) yesterday to
convey Malaysia’s condolences to
Indonesia over the passing of the
republic’s third president, Bachar-
uddin Jusuf Habibie or BJ Habibie.
Gobind described the media as
an influential force in democracies,
saying it is referred to as the ‘fourth
estate’ for good reason.
“It is important that the inde-
pendence of the media is not hin-
dered. However, there is increasing-
ly a critical need for the media to
act responsibly. The media should
not allow itself to be compromised
or intimidated in any way,” he said.
Gobind said the imminent im-
plementation of the Malaysian Me-
dia Council is another progres-
sive and welcome move for media
freedom.
He said the council will act as
a self-regulatory body that will set
the standards for the media com-
munity to build and maintain trust
in the industry, as well as act as an
“Let the data speak for itself.
Minister Siti Nurbaya should not be
in denial,” she said in a statement
posted on Facebook on Wednesday.
Yeo also included a link to the
ASMC where the latest data shows
that the total number of hotspots in
Indonesia’s Kalimantan and Suma-
tera are 474 and 387, respectively, a
huge contrast to the latest number
of just seven hotspots in Malaysia.
Yeo had responded to a state-
ment by Siti Nurbaya that Malaysia
has sent a protest letter accusing
Indonesia of causing the haze in
Malaysia.
She said based on the report
have reignited tensions with Viet-
nam and the Philippines. Malay-
sia, Brunei and Taiwan also have
competing claims in the South Chi-
na Sea.
Malaysia had been critical of Chi-
na’s South China Sea position, but
has not been excessively outspoken.
Malaysia regularly tracked Chi-
nese naval and coast guard vessels
entering Malaysia’s territorial wa-
ters, but China respects Malaysia
and had “not done anything that
caused us trouble, so far", Defence
The brief meeting took place af-
ter Habibie’s funeral at the Kaliba-
ta Heroes Cemetery here and was
also attended by former Indonesian
Vice-President Jusuf Kalla.
Also present at the meeting were
Deputy Primary Industries Minister
Datuk Seri Shamsul Iskandar Mohd
arbitration body between the pub-
lic and the media in the interests
of all Malaysians.
“This is to ensure that as this
country progresses towards devel-
oped nation status, there are checks
and balances of the government
by a free media in an atmosphere
of transparency and accountabil-
ity,” he said.
He also said that the rise of on-
line news portals and citizen jour-
nalism has made journalism truly
mainstream.
“The speed at which news un-
folds today presents new complex-
ities which call for attention and
out-of-the-box solutions,” he said.
Gobind said that while giving
the people a platform to voice their
opinions is certainly a positive de-
from the Indonesian Meteorologi-
cal, Climatological and Geophysical
Agency, smoke or haze from the
fires in Kalimantan was detected
crossing into Malaysia for only one
hour on Sept 8.
In Shah Alam, Bernama reported
that three schools in Johan Setia,
Klang were ordered closed with im-
mediate effect yesterday after the
Air Pollutant Index (API) reading
in the area exceeded 200.
In a statement, the Selangor
Education Department said any
school in an area with API readings
of above 200 should close imme-
diately. — Bernama
Minister Mohamad Sabu told Reu-
ters last month.
Chinese State Councillor Wang Yi
told a news conference with Malay-
sian Foreign Minister Datuk Saifud-
din Abdullah that this year, tensions
in the South China Sea had eased.
Littoral states and China were
committed to continue appropri-
ately handling the South China Sea
issue and jointly safeguard peace
and stability there, said Wang, who
is the Chinese government’s top
diplomat. — Reuters
Akin and Malaysian Ambassador
to Indonesia, Zainal Abidin Bakar.
Zainal Abidin said at the meet-
ing, Dr Wan Azizah conveyed
condolences from the Malaysian
government and people to the In-
donesian government and its peo-
ple on Habibie’s death. — Bernama
velopment, it does come with its
fair share of challenges.
“As we grapple with these new
challenges, such as the prevalence
of false news, half-truths, misin-
formation and disinformation, we
find the need to be vigilant and
responsive to be a top priority for
most organisations, governments
and society at large,” he said.
He said the penetration of social
media and messaging applications
today enable such information to
spread much faster and wider —
making these platforms the pub-
lic’s source of primary information.
However, he said, these plat-
forms are fast becoming a place
for manipulation of truth and the
influencing of public opinion.
He said that as a government
(From left) The King and the Queen, accompanied by Dr Mahathir, arriving for the
Trooping the Colours ceremony.
King attends Trooping
the Colours ceremony
PUTRAJAYA: Yang di-Pertu-
an Agong Al-Sultan Abdullah
Ri’ayatuddin Al-Mustafa Billah
Shah and Raja Permaisuri Agong
Tunku Hajah Azizah Aminah
Maimunah Iskandariah yester-
day attended the Trooping the
Colours at Dataran Pahlawan
Negara in Precinct 1 here.
Their Majesties arrived at
8.30am. The Negaraku national
anthem was played and a 21-gun
salute was fired by the 41st Bat-
tery, Royal Artillery Regiment,
led by Lt Col Mohd Asri Che Wil.
Then, five Malaysian Armed
Forces (MAF) helicopters bear-
ing the Jalur Gemilang as well as
the flags of the MAF, Royal Ma-
laysian Air Force (RMAF), Roy-
al Malaysian Navy (RMN) and
Army performed a flypast over-
head, led by Maj Abdul Khalid
Zainal Abidin of the RMAF 10th
Squadron.
Al-Sultan Abdullah inspected
a guard-of-honour mounted by
22 officers and 550 personnel
from the three MAF wings and
then stood on a special dais to
take the royal salute before the
soldiers led by the commanding
officer of the Second Battalion
of the Royal Malay Regiment, Lt
Col Ahmad Muzaimi Mohd Ali.
Then, the combined MAF cen-
H O M E 11
that respects and promotes free-
dom of information and expression,
“we not only expect high standards
from all stakeholders but it must
come with a heavy responsibility
to propagate credible news and
information”.
“This credibility is much needed
in order for us to build honest and
truthful journalism which inspires
trust — a most important bench-
mark in the media industry today
and the future,” he said.
In relating to the Open Talks@
KL 2019 theme ‘Access to Informa-
tion — Leaving No One Behind!’ he
said freedom of expression cannot
be exercised effectively and may
not bring any benefit to society if
they do not have adequate access
to information. — Bernama
BERNAMA
tral band, led by Maj Muham-
mad Nor Azizan Yahaya, led the
Trooping the Colours of the Yang
di-Pertuan Agong in slow- and
quick-march tempo.
Five colours were paraded
at the ceremony, namely those
of the Royal Malay Regiment;
Royal Ranger Regiment, Royal
Armoured Corps, Royal Malay-
sian Navy and Royal Malaysian
Air Force.
Trooping the Colours is a
demonstration of respect, hon-
our and ceremonial pledge of
allegiance by the three services
of the armed forces to the King
and country.
Al-Sultan Abdullah then took
the royal salute again as the five
MAF aircraft performed anoth-
er flypast. Their Majesties left at
9.30am.
The ceremony was also at-
tended by Prime Minister Tun
Dr Mahathir Mohamad and his
wife Tun Dr Siti Hasmah Mohd
Ali, and Defence Minister Mo-
hamad Sabu and Chief of De-
fence Forces Gen Tan Sri Zulkifli
Zainal Abidin.
Also present were senior of-
ficers from all the three wings of
the MAF and the defence attaches
of several foreign missions in the
country. — Bernama
12 B R O K E R S’ C A L L FR I DAY SEP TEM B ER 1 3 , 2 0 1 9 • TH EEDGE F I N AN C I AL DAI LY

Sime Darby seen expanding

Australia luxury car dealerships
Sime Darby Bhd
(Sept 12, RM2.32)
Maintain market perform with an
unchanged target price (TP) of
RM2.20: Sime Darby Bhd has an-
nounced the acquisition of the busi-
ness assets and properties of three
luxury car dealerships in Sydney,
Australia for a consideration of A$112
million (about RM321 million). The
three dealerships represent BMW,
MINI, Volkswagen, Jaguar and Land
Rover marques. The agreements
were entered into by Sime Darby’s
wholly-owned subsidiaries under
Sime Darby Motors Sdn Bhd with
Trivett, the automotive retail unit of
Inchcape Australia Ltd, on Tuesday.
The deal is expected to be completed
by early December.
For financial year 2019 (FY19),
Sime Darby’s Australian division had
recorded 9,093 units sold or RM2.8
billion in sales (about 11% of total au-
tomotive sales) and earnings before
interest and tax (Ebit) of RM98 mil-
lion (about 16% of total automotive
Ebit or a 3.5% Ebit margin). Based
on the location of Paramatta in the
suburbs compared with Sime Dar-
by’s current dealerships in Brisbane, Sime Darby Bhd
we estimate that the three luxury
dealerships will contribute at least FYE JUNE (RM MIL) 2019A
30% of the current revenue at about Turnover 36,156
A$300 million and net profit of A$4 Ebit 1,542
million, which work out to an acqui-
PBT 1,291
sition price-earnings ratio (PER) of
28 times, a premium to Australian NP 948
automotive players’ average PER of CNP 950
15 times. We believe this is due to Consensus (NP) - 980
its niche luxury market (dealership Core EPS (sen) 14.0
rights) and limited target market. Core EPS (%) 13.8
Following the acquisition, we expect NDPS (sen) 10.0
Sime Darby’s net debt to increase to
BV/Share (RM) 2.22
RM1.2 billion (net gearing at 0.08
times) from RM852 million (net gear- Core PER 16.6
ing at 0.06 times). For illustrative pur- Price/BV (x) 1.0
poses, assuming additional finance Net gearing (x) 0.1
costs of RM11.6 million a year, the Net dividend yield (%) 4.3
acquisition would have no impact Source: Kenanga Research
on our FY20 and FY21 core net profit
estimates. Nevertheless, the syner-
gy from the expanding dealerships strengthen Sime Darby Motors’
and business asset acquisition could presence and brand visibility in
positively contribute to the group’s Parramatta, one of Sydney’s most
earnings in the long term. recognised automotive retail lo-
The proposed acquisition is cations. Currently, Sime Darby
aligned with Sime Darby Motors’ distributes BMW, MINI, Porsche,
strategy of expanding its Australi- Ferrari, Alfa Romeo, Fiat, Volvo and
an retail luxury segment and will Corefleet (rental).
Zealand at about RM1 billion a year
(to be finalised this month) could
2020E 2021E improve its order book. The motor
37,629 39,279 operations and port operations will
1,531 1,737 continue to be impacted by strong
competition, especially with the
1,395 1,564
Chinese government rationalising
860 993 port operations to create a larger
860 993 entity. Sime Darby will continue to
1,044 rationalise its logistics operations,
12.6 14.6 which could see a value of RM1.2
-9.5 15.5 billion unlocked from its net book
10.0 10.0 value (18 sen a share).
We maintain our “market per-
2.23 2.27
form” call with an unchanged TP
18.4 15.9 of RM2.20 based on sum-of-parts
1.0 1.0 valuation, implying a PER of 17.4
0.1 0.1 times estimated FY20 earnings per
4.3 4.3 share (at a 24% premium to local
peers’ average PER of 14 times due
to its large market capitalisation,
with the bulk of its earnings com-
The industrial division in Aus- ing from industrials, which entail
tralia continued to show growth as higher PER valuation).
the result of a recovery in the mining Risks to our call include: i) a sharp
business, but it could be affected by downturn in the economy leading
softer demand in the near term, as to lower-than-expected car sales
evident from its lower order book. volumes; and ii) unfavourable for-
In the long term, sales contribu- eign exchange. — Kenanga Research,
tions from Gough Group in New Sept 12

Attaining local accreditation an The potential

advantage for Success Transformer monetisation

of Magnum’s
6% stake
in U Mobile
Success Transformer Corp Bhd Success Transformer Corp Bhd in the near
(Sept 12, 99 sen) future could
Maintain add with a higher target FYE JUNE (RM MIL) 2018A 2019A 2020F 2021F 2022F pose upside
price (TP) of RM1.45 from RM1.39 Revenue 326.1 318.8 296.0 335.4 366.5 potential to
previously: Success Transformer its dividend
Operating Ebitda 32.37 40.08 47.22 55.60 63.31
Corp Bhd (STC) has stated that it has payout.
Net profit 7.16 15.16 26.42 33.60 39.17
witnessed an increase in demand
for light-emitting diode (LED) street Core EPS (RM) 0.04 0.07 0.11 0.14 0.16
lighting, especially from govern- Core EPS growth (87.2) 72.7 43.4 27.2 16.6
ment-related projects. This translat- FD core PER (x) 22.83 13.21 9.22 7.25 6.22
ed into more tenders being rolled out
as well as more enquiries and road-
DPS (RM) 0.040 0.040 0.040 0.040 0.040 Magnum’s dividend payout expected
Dividend yield 4.08 4.08 4.08 4.08 4.08
shows being organised, in line with EV/Ebitda (x) 8.24 6.47 4.26 3.56 2.89
to trend upward
the government’s ongoing push to
P/FCFE (x) 67.92 8.29 3.39 55.31 15.64
adopt LED street lighting for all new Magnum Bhd yield of 6% or more to be supportive
street lighting installations and to re- Net gearing (1.4) (3.5) (19.5) (19.4) (21.7) (Sept 12, RM2.84) of its share price. Potential/ongo-
place all existing conventional street P/BV (x) 0.78 0.76 0.72 0.67 0.62 Maintain buy with a higher target ing monetary easing policies by
lighting. Based on our estimates, we ROE 3.5 5.8 8.0 9.6 10.4 price (TP) of RM3.35 from RM3.15 major global central banks and
believe the replacement market in % change in core previously: We maintain our “buy” Bank Negara Malaysia could also
Peninsular Malaysia alone could EPS estimates 4.57 3.87 1.96 recommendation on Magnum promote a yield-seeking investing
see 1.3 million street lighting sticks. CGS-CIMB/ Bhd (Magnum) with a higher divi- strategy, which favours companies
STC’s local sales of street light- consensus EPS (x) 1.06 1.04 1.05 dend discount model-based TP of like Magnum.
ing were limited to small private RM3.35. We remain positive that: Higher-than-expected ticket
Sources: CGS-CIMB Research, company reports
contracts. This is set to change with i) the group will continue to bene- sales due to a rebound in consumer
STC’s attainment of necessary local fit from the clampdown on illegal sentiment would be a positive for
accreditation in 2019 in order to par- neering Bhd (SEB; “non-rated”) for to reward shareholders on top of number forecast operators (NFOs); the company. Intensified efforts by
ticipate in government tenders. We RM26 million or 50 sen a share be- an interim dividend, providing an and ii) the company’s dividend pay- regulators to curb illegal NFO ac-
also believe STC has an advantage cause: i) SEB has been loss-making upside to our dividend forecast of out is expected to trend upward tivities could also boost Magnum’s
over its peers as it is a full-fledged in recent years, with a financial year four sen a share for FY19. with the full settlement of its tax li- ticket sales.
local manufacturer. Note that the 2019 (FY19) core net loss of RM4.7 We maintain our “add” call, with a abilities by June 2019. Besides that, With improved prospects, a sus-
bulk of STC’s lighting products have million; ii) with a net debt of RM31.4 higher TP of RM1.45. We lift our FY20 the potential monetisation of its 6% tained dividend yield of approx-
“Made in Malaysia” accreditation, million as of FY19, SEB was a drag to FY22 earnings per share forecasts stake in U Mobile in the near future imately 6% and the issue of the
which certifies that these products on STC’s balance sheet; and iii) STC by 2% to 4.6% to account for higher could pose upside potential to its company’s tax liability overhang
are designed and manufactured lo- can now focus more on industrial interest income and the disposal of dividend payout. addressed, we continue to see val-
cally. This is a positive, given the gov- lighting. Upon this disposal, we es- its stake in SEB. Accordingly, Our TP Our TP is higher than the con- ue in the stock.
ernment’s push for greater adoption timate that STC will have a net cash is raised to RM1.45, still based on 12 sensus as we have higher earnings Key risks include lower-than-ex-
of locally made products under the position of RM79 million (including times forecast calendar year 2020 estimates and dividend payout as- pected ticket sales due to intensified
Buy Malaysian Products campaign. disposal proceeds and shareholder price-earnings ratio, in line with its sumptions for financial year 2019 competition from illegal NFOs and
We are positive on STC’s disposal loans to SEB). We think this allows for five-year historical mean. — CGS- (FY19) to FY21. We expect Mag- an increase in gaming tax. — Alli-
of its 65.3% stake in Seremban Engi- room to declare a special dividend CIMB Research, Sept 12 num’s sustained attractive dividend anceDBS Research, Sept 12
FRIDAY S E P T E MB E R 1 3 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
B R O K E R S’ C A L L 13

Hup Seng’s strength seen in

dividend yield, cash position
Hup Seng Industries Bhd pled with strong cash flow gener- Hup Seng Industries Bhd old oven had to be discarded due
(Sept 12, 90.5 sen) ation from its operations. We are to the oven’s uneven cooking pro-
Maintain buy with a lower target positive on this dividend policy FYE DEC (RM MIL) 2017 2018 2019F 2020F 2021F cess. In the absence of any lengthy
price (TP) of RM1.03: We met with as yields at the current price levels Revenue 299.7 307.4 310.1 318.8 329.5 troubleshooting issues, we expect
the management of Hup Seng In- represent attractive value, at 6.6% Ebitda 65.3 63.4 64.2 67.9 69.3 the new oven to be operational in
dustries Bhd (HSI) and came away dividend yield. the first quarter of 2020.
Ebit 59.4 57.8 58.6 62.0 63.0
feeling neutral about the group’s Despite crude palm oil (CPO) In light of HSI not being able to
prospects going forward. price averaging RM2,133 per tonne Pre-tax profit 59.4 57.8 58.6 62.0 63.0 realise cheaper commodity costs
Despite our forecasted earn- in the first half of 2019 (1H19), Tax (14.9) (14.8) (15.2) (16.1) (15.7) in addition to weaker-than-antic-
ings per share (EPS) of 5.4 sen for which was significantly lower than Net profit 44.5 43.0 43.4 45.9 47.2 ipated export sales in 1H19, we
financial year 2019 (FY19), we do the average in 1H18 (RM2,442 per Patmi 44.5 43.0 43.4 45.9 47.2 lower our FY19/20/21 earnings by
not expect HSI to cut its dividend tonne, year-on-year: -12.6%), HSI Core Patmi 44.5 43.0 43.4 45.9 47.2 6.8%/4.3%/4.3%.
amount of six sen per annum. Note guided that it had been unable to Consensus 43.4 45.5 46.9 After accounting for our earn-
that HSI had paid out six sen per recognise lower palm oil cost as ings adjustment, our TP falls from
HLIB/consensus (%) 99.9 100.9 100.7
share in dividend per share in FY17 the closure of many smaller palm RM1.08 to RM1.03 pegged at an un-
Source: Hong Leong Investment Bank Research
and FY18, which represented 107% oil refiners meant that large players changed 18 times FY20 EPS. Despite
and 111% payout ratio of full-year can keep refined palm oil prices this, we like HSI for its favourable
earnings respectively. We do not high despite lower CPO price. We we are unaware of how much costs labourers (versus 20 and above for dividend yield (6.6%), healthy net
doubt the group’s ability to pay estimate that CPO makes up about savings will result from the instal- the old oven). Furthermore, the cash position (nine sen per share)
out six sen per share for the fore- 40% of the group’s raw material cost. lation of the new oven, we expect it new oven is expected to result in a and reasonable valuations versus
seeable future given its cash pile To recap, HSI purchased a new to be positive for the group’s prof- significant amount of raw material larger capitalisation consumer
of RM73.3 million (nine sen per oven in late-2018 for €2.5 million itability given the new oven is ex- and energy cost savings as a large peers. — Hong Leong Investment
share) as of end-June 2019, cou- to replace an existing one. While pected to be operated by just 12 amount of biscuits made with the Bank Research, Sept 12

More orders from the US market Home shopping, digital segments

likely to drive Media Prima’s growth
are expected for Poh Huat Media Prima Bhd
(Sept 12, 48 sen)
ments should gradually carry more
weight in Media Prima’s valuation.
Maintain sell with an unchanged Separately, the Malaysian Com-
Poh Huat Resources Holdings Bhd Poh Huat Resources Holdings Bhd target price (TP) of 38 sen: Au- munications and Multimedia Com-
(Sept 12, RM1.46) rora Mulia Sdn Bhd, a company mission has announced that a full
Maintain buy with an unchanged FYE OCT (RM MIL) 2017 2018 2019F 2020F 2021F reportedly linked to Tan Sri Syed analogue-switch off will be carried
target price (TP) of RM1.88: For Revenue 614.3 621.9 632.0 655.2 680.6 Mokhtar Albukhary, had acquired out in stages by end-September.
the first half of financial year 2019 Ebitda 77.5 67.6 75.6 80.8 85.3 a 20.6% stake in Media Prima Bhd We are neutral on this given that
(1HFY19), Poh Huat Resources Dep & amortisation (8.8) (8.8) (11.4) (13.4) (14.5)
since July 2019. We believe Syed any potential cost savings may be
Holdings Bhd managed to record a Mokhtar could be eyeing Media negated by risk of greater compe-
Net finance cost (1.5) (1.3) (1.0) (1.1) (1.2)
healthy year-on-year (y-o-y) revenue Prima’s home-shopping and dig- tition within the free-to-air space
growth of 19.7% to RM344.1 million. Core PBT 69.8 57.5 63.2 66.3 69.7 ital segments which have inad- as advertisement pricing could be
The higher shipment of furniture Taxation (11.4) (10.3) (12.6) (13.3) (13.9) vertently been increasing reve- affected as a result of a more frag-
was mainly driven by new product MI (0.2) 0.1 0.8 0.8 0.8 nue contribution to the group (six mented viewership.
range focusing on affordable range of Net profit 56.0 47.1 49.8 52.3 55.0 months of 2019 [6M19]: 25% versus We made no major changes to
household furniture, and additional Core profit 58.5 38.7 49.8 52.3 55.0 6M18: 19%) as opposed to tradi- our earnings estimates, projecting
orders from the US after it imposed Source: TA Securities
tional media assets (television, core net loss at RM82 million/RM55
hefty tariff on Chinese-made furni- print and radio) which shrank to million/RM40 million over financial
ture. Based on Malaysian furniture 59% in 6M19 from 66% in 6M18. years 2019 to 2021 (FY19-21E). We
export data, overall furniture exports Among Media Prima’s seven reaffirm our valuation target of 1.5
increased by 9.8% y-o-y to RM4.1 business segments, it is apparent times (one standard deviation below
billion, and exports to the US surged that the home shopping and digital three-year average) 2020E net tangi-
20.8% y-o-y to RM1.6 billion in the The group has segments are delivering the high- ble assets per share of 25 sen. Despite
five months of 2019. been in a net cash est growth prospects. As part of the better prospects of its home shopping
According to the Malaysian Fur- position since group’s transformation plan, the segment, which is still running at a
niture Council, Malaysian furniture FY14 with net cash management is targeting to achieve loss, and digital venture, as well as the
exports to the US are expected to of RM76 million as 40% commerce and non-advertising presence of a new major sharehold-
grow at least 20% annually over the of 2QFY19. revenue, and 20% in digital revenue, er, we think it is still too early to get
next three years, backed by higher from 2020 onwards. In view of the excited over the stock. Given a 21%
sales of completed products amid progressive shift towards being a potential downside to our TP of 38
the ongoing US-China trade war. commerce and digital content en- sen, we reiterate our “sell” rating. —
Given that more than 90% of Poh tity, we think prospects of both seg- Affin Hwang Capital, Sept 12
Huat’s revenue is derived from North
America, we believe the group will Media Prima Bhd
continue to register healthy top-line erosion due to the shift in product The group has been in a net cash
growth, underpinned by the shift in mix to affordable ranges, as well position since FY14 with a net cash FYE DEC (RM MIL) 2017 2018 2019E 2020E 2021E
preference to more affordable range as higher raw material and labour of RM76 million as of 2QFY19. As- Revenue 1,198.8 1,185.7 1,149.4 1,188.9 1,220.0
of household furniture in the US costs. As at the second quarter of suming a dividend payout ratio
Ebitda 4.1 (17.4) 17.1 33.7 36.0
market, as well as trade diversions the financialFY19 (2QFY19), the of 40% for both FY19 and FY20,
from China. company’s pre-profit margin for its and 45% for FY21, this translates Pre-tax profit (605.5) 60.6 (78.1) (52.6) (38.4)
Since the start of the US-China Vietnam operation contracted by into dividend payouts of eight sen, Net profit (650.6) 58.6 (82.0) (55.2) (40.3)
trade war, Poh Huat’s management 3.3 percentage points (ppts) y-o-y eight sen and nine sen a share, or EPS (sen) (58.7) 5.3 (7.4) (5.0) (3.6)
has noticed a large number of Chi- and 5.7% ppts quarter-on-quar- dividend yields of 5.5%, 5.5% and PER (x) nm 9.1 nm nm nm
nese manufacturers shifting their ter. In the short term, we foresee 6.2% for FY19, FY20 and FY21, re- Core net profit (144.1) (101.1) (82.0) (55.2) (40.3)
manufacturing bases to Vietnam, the group’s Vietnam operation to spectively. Core EPS (sen) (13.0) (9.1) (7.4) (5.0) (3.6)
resulting in manufacturers there remain challenging. We maintain our FY19 to FY21
Core EPS growth (%) >(100) (29.8) (19.0) (32.6) (27.0)
facing labour shortages and ris- Although Poh Huat has yet to fix earnings forecasts, and TP of
ing wages across various sectors. a dividend policy, we expect the RM1.88 based on an unchanged 10 EV/Ebitda (x) 155.5 (18.8) 20.3 10.9 10.5
Currently, Poh Huat’s Vietnam op- group to distribute at least 40% of times calendar year 2020 earnings Affin/Consensus (x) 1.1 1.1 1.3
eration is suffering from margin its annual profit after tax for FY19. per share. — TA Securities, Sept 12 Sources: Company, Affin Hwang forecasts, Bloomberg
14 C O M M E N T
Central banks ‘fight’ against
markets greedy for stimulus
‘They are giving the baton back to politicians to do more on fiscal policy’
BY SUJATA RAO
& SA I K AT C H AT TERJEE
H
igh on hopes of nev-
er-ending central
bank stimulus and
desperate for clarity
on the size and tim-
ing of their next fix,
financial markets look like they are
being walked back from the more
aggressive bets by officials wary of
excessive exuberance.
Bond yields have jumped back
from record lows this week, with
investors forced to unwind some
of their more extreme positions
as central bankers, from the US
Federal Reserve (Fed) to Reserve
Bank of Australia, indicated that
in pricing swingeing cuts to pol-
icy rates, markets might just be
getting it wrong.
Some of the pullback is of
course due to ebbing political
risk in places such as Britain, Ita-
ly and Hong Kong, alongside hopes
the US and China will be able to
resolve their trade spat at talks
scheduled for next month.
But there are signs also that cen-
tral bankers across the developed
world are reaching the limits of their
patience — with markets as well as
governments, which have for over a
decade relied on monetary policy
to save the day.
This month investors were
wrong-footed by central banks in
Sweden, Canada and Australia; none
were expected to cut interest rates,
but all sounded unexpectedly up-
beat on the state of their economies.
Sweden’s Riksbank stuck to flag-
ging rate hikes, while the Bank of
HK’s stock exchange will not find love in London
BY N I SH A GOPA L A N
THE audacious bid by Hong Kong’s
stock exchange for its London ri-
val is likely to fail — and that is no
bad thing.
Hong Kong Exchanges and
Clearing Ltd’s (HKEX) unexpect-
ed US$36.6 billion (RM152.6 bil-
lion) offer for London Stock Ex-
change Group plc (LSE) would
create one of the world’s largest
trading hubs. The cash-rich, eq-
uities-focused HKEX would gain
an edge in fixed-income trading,
but in a world where algos and
bots handle much of the action,
the bidder would do better to take
a page from LSE’s playbook and
look for bigger data sources.
HKEX calls its plan to create an
Asian-European giant that is open
18 hours a day a “vote of confidence
in London and the UK’s future role
as a global financial centre” at a
Canada made no mention of pol-
icy easing plans, sending October
rate cut bets to about 50% from
nearly 70%
In fact, expectations for year-end
rate cuts have been pared back al-
most across the board:
As for the Fed, expectations of a
half-point cut in September have
receded to zero, while traders now
price some 55 basis points (bps)
of cuts by year end versus 70bps a
month ago.
Even at the European Central
Bank (ECB) arguably the institu-
tion with the most reason to de-
liver stimulus, there are reports of
growing dissent about the need to
unleash another big bond-buying
round just yet.
This week, it will trim rates and
announce some bond buying, but
bond yields have nonetheless risen
almost 20bps and money markets
have reined in bets on a bigger 20bps
cut this month.
“Central banks are saying ‘look
we are aware of the balance of risks
but you may have got a bit ahead
of yourselves’,” said Stewart Rob-
ertson, senior economist at Aviva
Investors.
“The other thing is that although
growth has slowed around the world
it has not collapsed. So possibly
things are not as dismal as some
parts of financial markets have pen-
cilled in.”
Central bankers have been at
pains to stress this, pointing to
robust labour markets and wage
growth, alongside still strong re-
tail sales that hint that consump-
tion spending almost everywhere
is holding up.
time that Brexit paralysis is clouding
the outlook. The move also shows
belief that, despite the recent pro-
tests, Hong Kong can still produce
world-stage firms.
The more than 300-year-old
London exchange has a lot go-
ing for it, including fixed-income
heft and the FTSE Russell portfo-
lio of index benchmarks used by
institutional investors. The offer
values LSE shares at 8,361 pence
(RM429.51), around 42 times 2019
earnings, according to Citigroup
Inc analysts, much higher than the
London bourse’s historical average
price-earnings multiple of 22 times.
But HKEX’s offer would scupper
LSE’s own bid for data provider Re-
finitiv, a deal that LSE shareholders
like as shown by its soaring share
price. They, and politics, may stand
in HKEX’s way. UK regulators will
have a tough time accepting the
takeover of a British institution by
ECB president Mario Draghi (left) and Powell at the International Monetary Fund/
World Bank spring meeting in Washington, the US on April 20, 2018. Powell has said
he expects the US and world economies to avoid recession. Photo by Reuters
Most of them reckon
monetary policy may
be coming up against
the limits of what it
can achieve.
While Fed research estimates a
US$200 billion hit to US gross do-
mestic product by early-2020 from
the trade war, US companies are
continuing to hire and wages and
hours worked both rose in August.
Fed boss Jerome Powell has said he
expects the US and world economies
to avoid recession.
And economic surprise indices
from Citi — essentially comparing
a Hong Kong company. Given the
impact to global financial mar-
kets and the popularity among ex-
change-traded funds of the FTSE
Russell indices, US regulators may
also weigh in.
HKEX chief executive officer
Charles Li can argue that his firm
is already a global company, hav-
ing acquired the London Metal
Exchange (LME) in 2012, but it re-
mains a foundation stone of Hong
Kong. The city’s government owns
just 5.9% but appoints the majority
of the directors.
Exchange mergers are sensitive
propositions anywhere. The LSE has
been a frequent target and was in
the sights of Germany’s Deutsche
Boerse AG three years ago until
Brussels blocked the deal. In the
Asia-Pacific region, Singapore Ex-
change Ltd’s 2011 bid for ASX Ltd
was rejected by Australian regula-
tors on national interest concerns.
FR I DAY SEP TEM B ER 1 3 , 2 0 1 9 • TH EEDGE F I N AN C I AL DAI LY
how data compares to consensus
forecasts — show positive surpris-
es at a one-year high across Group
of 10 countries, with US and British
indices rising into positive territory.
Even in the eurozone, where the
index is deep below zero, data sur-
prises have ticked higher of late.
“We don’t think the data is so bad.
Markets overreacted to the down-
side and went way past fair value,
so now we are seeing a correction,”
Justin Onuekwusi, a portfolio man-
ager at Legal & General Investment
Management, said.
Central banks have made clear
interest rates will stay near record
lows for years more. But it is also
evident that the decade-old rate cut
and stimulus cycle is generating
deep divisions within the banks
There are also questions over
HKEX’s dealmaking prowess. HKEX
acquired the LME, the world’s big-
gest venue for trading base metals
like aluminum, at the top of the
commodities cycle. It promised
LME members that it would have
a warehouse in China from which
to access the country’s massive
metals market. Seven years later
and it does not, as Chinese author-
ities seek to protect home-grown
commodities entities, including the
Shanghai Futures Exchange and
the Dalian Commodities Exchange.
There is no doubt that HKEX
needs to diversify. Volumes on the
exchange have slumped and it has
fallen off its perch as the worlds’ top
initial public offer venue last year.
Stock exchange businesses reli-
ant on volatile volumes are increas-
ingly passe in a world of computer-
ised trading. With little overlap with
LSE, HKEX cannot count on simply
themselves. For one, most of them
reckon monetary policy may be
coming up against the limits of
what it can achieve and may even
do harm. For instance, banks, al-
ready in poor shape, will not fare
well under even lower interest rates.
Then there is the issue of markets’
addiction to stimulus — economist
and former US Treasury official
Lawrence Summers has warned of
“black hole monetary economics”
where small interest rate changes
and more aggressive stimulus strat-
egies have limited impact.
Craig Inches, head of rates and
cash at Royal London Asset Man-
agement, described central banks
as experiencing “a sort of fatigue”.
While each round of stimulus
yields diminishing returns, there
is also the risk that additional as-
set purchases will further reduce
the free-float and liquidity of many
bond markets, he said.
“Central banks have been calling
for fiscal help for some time and say-
ing monetary policy is not enough
to get the economy back in shape,”
Inches said. “Now they are pushing
back to politicians to say the baton
is over to you, you need to do more
on fiscal policy.”
Politicians may finally be listen-
ing. Britain and the US are mulling
higher budget spending and even
Germany may be on the brink of
overcoming its long-held aversion
to fiscal stimulus.
“The balance is still in favour of
negative yields and rate cuts. But
markets have had a healthy correc-
tion and people are saying that may-
be it’s not a one way bet anymore.”
Inches said. — Reuters
cutting costs. The key to growth for
exchanges is in the data that fixed
income, currency and equities trad-
ers need and the analytical tools
that deliver it to them. That is why
LSE has pursued Refinitiv.
HKEX has depended on a strat-
egy of being the gateway to China
through its stock and bond trad-
ing links. The value of that role is
diminishing as the country opens
direct access to markets, removing
quotas on Tuesday on purchases
by global funds.
Wanting to go beyond Hong
Kong to create a global powerhouse
is understandable. Doing so with
another market grappling with its
own political crisis and uncertain
future post-Brexit is less so. Li lik-
ened the HKEX’s unsolicited take-
over of LSE to a “corporate Romeo
and Juliet”.
He missed the point on how that
story ended. — Bloomberg
FRIDAY S E P T E MB E R 1 3 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Video start-up
Kuaishou said
to raise US$1b in
pre-IPO round
BY C RYSTA L T SE
& LULU Y I LU N C H EN
HONG KONG: Chinese start-up
Kuaishou is considering going
public in the US to bankroll
its expansion in short videos
and fend off competition from
TikTok owner ByteDance Inc,
according to people familiar
with the matter.
The company, backed by
Tencent Holdings Ltd, plans to
list next year, the people said,
requesting not to be named
because the matter is private.
One person said Kuaishou
also weighed the option of go-
ing public this year. The video
startup is raising more than
US$1 billion (RM4.17 billion)
at a US$25 billion valuation in
a pre-initial public offerg (IPO)
round mostly from Tencent,
one of the people said.
Kuaishou is an important
part of Chinese social media
giant Tencent’s strategy to com-
pete against ByteDance, which
is now the world’s most valua-
ble startup.
Kuaishou or “fast hand”
first established its popularity
among users in China’s smaller
cities and rural areas, with peo-
ple streaming slices of every-
day life from harvesting corn to
slurping noodles. — Bloomberg
Juul opens
more online
stores
in China
BY JO S H HORWI T Z
SHANGHAI: US e-cigarettes
maker Juul Labs Inc, which fac-
es a widening crackdown on
vaping at home, has entered
China, with online storefronts
on e-commerce sites owned by
Alibaba Group and JD.com to
tap the world’s largest market
of smokers.
Juul, in which tobacco giant
Altria Group owns a 35% stake,
has been launching its products
in international markets such
as South Korea, Indonesia and
Philippines. It recently raised
over US$750 million (RM3.13
billion) in an expanded fund-
ing round.
The US government an-
nounced plans on Wednesday
to remove all flavoured e-cig-
arettes from store shelves, as
officials warned that sweet
flavours had drawn millions
of children into nicotine ad-
diction.
The move comes as US
health officials are investi-
gating a handful of deaths
and potentially hundreds of
lung illnesses tied to vaping.
— Reuters
‘LSE poised to decide on fate of
HK exchange’s US$39b offer’
Succees is not seen given preference among its investors for proposed Refinitiv buy
BY JENNIF ER HUGHES, S U M E E T
CHATTERJEE & SINEAD CRUISE
HONG KONG/LONDON: The Lon-
don Stock Exchange’s (LSE) board
will meet in coming days to make a
decision on the Hong Kong bourse’s
surprise US$39 billion (RM162.63
billion) takeover proposal, a source
close to the British company said
yesterday, as the market poured
cold water on the deal.
The unsolicited takeover offer
is not expected to succeed given a
preference among LSE investors for
the exchange to complete its US$27
billion proposed acquisition of data
and analytics group Refinitiv, the
source close to the LSE said.
The exchange wants to focus
on executing that deal, rather than
risk it being derailed by the Hong
Kong bourse, the source said. Hong
Kong Exchanges and Clearing Ltd’s
(HKEX) offer requires the LSE to
ditch the Refinitiv deal.
But a person close to the Hong
Kong exchange said a rejection
of an initial approach is common
in takeovers and HKEX is already
considering its next step.
Informal discussions between
AB InBev targeting US$5b in Asian
unit’s Hong Kong share offer — sources
BY CAROL ZHONG, JUL I A FI O RE TTI ,
JINSHAN HONG & CRYS TAL TS E
HONG KONG: Anheuser-Busch
InBev NV (AB InBev) is aiming to
raise about US$5 billion (RM20.85
billion) in a Hong Kong listing of its
Asian unit by the end of Septem-
ber, people familiar with the mat-
ter said, reviving a plan scrapped
two months ago for what would
have been the world’s biggest in-
itial public offering (IPO) of 2019.
HKEX’s offer requires the LSE to ditch the Refinitiv deal. Photo by Bloomberg
HKEX and LSE shareholders have
begun, the person added. An LSE
spokesman declined to comment.
The proposed deal, announced
on Wednesday, aims to create an
exchange powerhouse spanning
Asia and Europe which would be
better able to compete with US ri-
vals such as Intercontinental Ex-
The Belgian brewer is gauging
investor demand and will launch
the deal as soon as next week, said
the people, who asked not to be
identified as the information is
private.
Yesterday, the company said
the resumed listing application
involves its minority stake in Bud-
weiser Brewing Company APAC
Ltd, without its Australian opera-
tions, which it agreed to sell to Asa-
hi Group Holdings Ltd for US$11.3
W O R L D B U S I N E S S 15
change Inc and CME Group Inc.
However, shares in HKEX fell
more than 3% yesterday as investors
raised concerns about the political
and regulatory risks involved in its
move to take over one of Britain’s
marquee financial institutions.
The indicative offer also re-
ceived a cool response in Lon-
billion shortly after shelving the
IPO in July.
The decision to proceed with
the share sale would depend on “a
number of factors and prevailing
market conditions,” AB InBev said.
The listing could be a boost to
the Hong Kong bourse at a time
when the market has been roiled
by the US-China trade war and
ongoing anti-government protests
that have occasionally flared into
violence. — Bloomberg
don, where LSE shares finished
up 5.9% on Wednesday, far short
of the proposed takeover’s im-
plied premium.
Daunting political and technical
challenges to the deal have already
surfaced. One major sticking point
is the requirement for the LSE to
abandon its acquisition of financial
information provider Refinitiv from
US private equity firm Blackstone
and Thomson Reuters, the parent
of Reuters News.
That deal, which went public in
late July, caused LSE shares to leap
15% on hopes Refinitiv’s business
would boost its long-term profit-
ability. LSE said in a statement on
Wednesday that it remained com-
mitted to the Refinitiv deal.
HKEX has 28 days to make a
firm bid for the LSE, whose shares
were up 0.3% at 7,226 pence
(RM370.53) at 1046 GMT yester-
day, or walk away for six months.
The source close to the LSE said
that while the Hong Kong deal
offers a gateway to China’s econ-
omy, the LSE had already just es-
tablished its own entry point with
a recently launched stock market
link with Shanghai. — Reuters
Cathay Pacific
freezes new
hiring, to focus
on cost cuts
BY JAMIE FREED
& DONNY KWOK
HONG KONG: Cathay Pacific
Airways has put a freeze on new
hiring, according to an internal
memo seen by Reuters, as the
airline battles a slump in de-
mand from fliers avoiding Hong
Kong amid massive anti-gov-
ernment protests in the city.
In a memo to staff on
Wednesday, new chief execu-
tive officer Augustus Tang said
he had asked executives to ex-
amine spending and focus on
cutting costs.
The airline will also not re-
place departing employees in
non-flying positions unless ap-
proved by a spending control
committee, he said.
Cathay has said it will cut ca-
pacity for the upcoming winter
season after reporting an 11.3%
fall in passenger numbers for
August. The airline does not ex-
pect September to be any less
difficult, while analysts have
projected it could swing to a
loss in the second half.
Cathay shares fell 2.4% early
yesterday, lagging the bench-
mark Hang Seng Index that was
down 0.4%. — Reuters
16 FO CU S
A home-grown hotelier who
has global ambitions
From owning a lone Hotel 81 in Geylang, Choo Chong Ngen is now a tycoon with 38 hotels in Singapore
BY C EC I LI A C H OW & T I MOTHY TAY
o f Ed g ePro p Sing apo re
F
rom having one Ho-
tel 81 in Geylang back
in 1993, Singaporean
Choo Chong Ngen has
since grown his port-
folio of hotels to 38
properties in Singapore and owns
another eight hotels in five other
countries including Australia, Ja-
pan, Malaysia and South Korea.
With 6,500 hotel rooms in Sin-
gapore, the chairman of Worldwide
Hotels now controls 10.2% of the
total inventory of completed hotel
rooms, which number 63,850 as at
end-2018, according to the Singa-
pore Tourism Board (STB).
As Choo’s hotel empire grew,
so did his net worth, which in-
creased 2.5 times from US$1.1 bil-
lion in March 2014 to US$2.8 billion
(RM11.68 billion) today, according
to Forbes, which ranked him Sin-
gapore’s 10th richest man.
The inspiration to enter the no-
frills, budget hotel business came
while he was holidaying in Japan
in the early 1990s. “I saw how a
small hotel can still do well,” says
the 66-year-old Choo in Mandarin.
“At that time, there were not many
professionally managed budget
hotels in Singapore.”
Home-grown brands
Choo may have started his Hotel
81 brand of hotels in the red-light
district of Geylang. But he has since
grown the portfolio of Hotel 81 to 28
hotels across the island. “We have
many Hotel 81 outside Geylang,” he
says. Most of them are in the city
fringe, such as Balestier, Lavender
and Bugis, with one each in Kovan
and Changi.
Perhaps the most visible Hotel
81 is the one in Chinatown. Locat-
ed at the junction of Upper Cross
Street and New Bridge Road, the
The exterior (left) and lobby of Hotel 81 Orchid in Geylang Lorong 8, one of 28 Hotel 81-branded properties in Singapore today.
The 1,500-room Hotel Boss is the biggest in the portfolio of Worldwide Hotels Group in terms of number of rooms.
row of conservation shophouses
in which it is located were formerly
tenement houses or living quar-
ters for civil servants during the
colonial era. Choo purchased the
shophouses at an Urban Redevel-
opment Authority auction in May
2002 and converted them into Ho-
tel 81 Chinatown with 99 rooms.
“That’s our flagship Hotel 81,”
says Carolyn Choo, managing direc-
tor and CEO of Worldwide Hotels.
Carolyn is Choo’s only daughter. A
father of four, Choo has three sons,
two of whom are in the business too:
his eldest son is involved in the hu-
man resources department, while
one of his younger sons is a director
of sales. Choo is also a grandfather
of eight, with his grandchildren
ranging in age from six to 17.
Carolyn joined the company in
2002 — “after the Asian Financial
Crisis”, she says. At that time, Choo
FR I DAY SEP TEM B ER 1 3 , 2 0 1 9 • TH EEDGE F I N AN C I AL DAI LY
PHOTOS BY WORLDWIDE HOTELS
had 12 hotels, all branded Hotel
81. “The management team was
very lean then,” she recounts. It was
made up of her father, her cous-
in and herself. Having spent three
years in commercial banking after
graduating from university, Carolyn
was made the financial controller.
Since 2009, Choo has increased
his portfolio of home-grown brands
to six: Besides Hotel 81, there’s Hotel
Boss, Hotel Mi, V Hotel, Value Hotel
and Venue Hotel. To achieve econ-
omies of scale, Choo has focused
on the economy and mid-tier seg-
ments. Room rates range from un-
der S$100 to about S$150 per night.
Average occupancy rate (AOR) has
been consistently in the “mid-80s”
over the years, says Carolyn.
In Singapore, the group has 1,100
staff today, excluding contract staff.
“Manpower constraints is one of the
key challenges in the hotel business,
especially with the lowering of the
foreign manpower quota next year,”
concedes Carolyn.
Regional footprint
The group celebrated its 25th year in
business and incorporated World-
wide Hotels in October last year. “It
also marked our second phase of
growth, which will see us expand-
ing further overseas,” says Carolyn.
Choo has been venturing abroad
since 2017. He now owns eight ho-
tels in five countries, including Ibis
Budget Osaka Umeda in Japan; the
Travelodge Dongdaemun in Seoul,
South Korea; Swiss Garden Kuala
Lumpur, Malaysia; and Holiday
Inn Perth City Centre, Australia.
“Our aim is to have 20 hotels by
our 30th anniversary,” says Carolyn.
“For overseas assets, we are very
particular about location and we
will buy only if we can secure 100%
ownership and freehold tenure.”
While the hotels in Singapore
are wholly owned and managed
by Worldwide Hotels, the overseas
properties are managed by inter-
national hotel management com-
panies. “This is because we don’t
have a competitive edge there yet,”
she adds. So far, the group has in-
vested S$500 million in acquiring
overseas assets and is projecting
to double its capital investment to
S$1 billion for further acquisitions.
The economy and mid-tier seg-
ments in Singapore have proven to
be more resilient than the luxury and
FRIDAY S E P T E MBE R 1 3 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Venue Hotel is a line of budget hotels located within shophouses in heritage areas such as Joo Chiat
upscale hotels: The AORs for luxury
and upscale hotels were 91.4% and
92.2% respectively in July, while the
mid-tier segment achieved AOR of
96.1% and the economy segment,
93.1%, over the same month.
This July, hotels in Singapore en-
joyed an occupancy rate of 93.8%
— the highest since 2005, when the
STB began compiling such statistics.
First PPVC-constructed hotel
That could explain Worldwide Ho-
tels’ record bid of S$562.2 million
(S$2,148.5 psf per plot ratio or ppr)
for the Government Land Sales
(GLS) hotel development site at
Club Street at the close of the tender
in January this year. “The location
in Club Street was a main factor —
strategically located in the CBD as
well as the Chinatown cultural dis-
trict,” says Carolyn. “This is a very
rare hotel site; the last time a hotel
site was put up for sale in the GLS
programme was in 2013.”
The group intends to launch a
new brand for the upcoming hotel
at Club Street, adds Carolyn. The
new hotel will be in the economy
to mid-tier segment, and will have
over 900 rooms.
The 20-storey building in Club
Street will be the first hotel in Sin-
gapore to be constructed using full
concrete PPVC (Prefabricated Pre-
finished Volumetric Construction)
method. It will be built by listed con-
struction company, Tiong Seng Hold-
ings, which was awarded the S$130.5
million (RM395.42 million) contract
on Aug 27. The hotel rooms will be
on the second to 20th levels, with the
first level to be occupied by shops
and restaurants. There will also be
basement parking. The hotel will be
linked underground to the Telok Ayer
MRT station on the Downtown Line.
Big, bigger, biggest
Last November, Worldwide Hotels
purchased the freehold Golden
Wall Centre, off Rochor Canal Road
near Little India, in a collective sale
for S$276.2 million (S$2,331 psf
ppr). A strata-titled commercial
complex, Golden Wall Centre has
received approval for redevelop-
ment into a hotel. However, the
collective sale has been stalled, fol-
lowing some objections raised by
one of the subsidiary proprietors.
The case is pending a High Court
hearing at the end of the month.
If the collective sale is success-
ful, the new hotel on the Golden
Wall Centre site will not be as big
as the upcoming property in Club
Street, says Carolyn.
The 342-room Hotel Mi in Bencoolen Street is targeted at millennial travellers.
The 888-room V Hotel Lavender is the second biggest hotel in Worldwide Hotels’
portfolio today.
With more than 900 rooms, the
new hotel on Club Street will be the
second biggest in Worldwide Hotels’
portfolio when completed at the end
of 2021. The Hotel Boss, located at the
junction of Jalan Sultan and Victoria
Street, is the biggest with 1,500 rooms.
The second biggest hotel is cur-
rently the V Hotel Lavender in Jelli-
coe Road, which has 888 rooms. It is
linked to the Lavender MRT station
and opposite the ICA (Immigration
& Checkpoints Authority) Building
in Kallang Road.
Over the years, Choo has been
approached by interested inves-
tors about his portfolio, but he has
never considered selling any of his
hotels. “My dad is very steadfast,”
says Carolyn. “Throughout the cy-
cles and even during the economic
downturns — from Asian Financial
Crisis, SARS [severe acute respirato-
ry syndrome] outbreak and Global
Financial Crisis — he never sold a
single hotel. When you have been
holding a hotel for 25 years, there
is significant capital appreciation.”
This article was first published in
www.EdgeProp.sg. Check out the
website for the latest property news
and listings
Self-made billionaire
BY C EC IL IA C H O W
& TI M OT H Y TAY
o f Edge Pro p S i n g a p o re
CHAIRMAN of Worldwide
Hotels Choo Chong Ngen
had dropped out of school at
the age of 14. “I didn’t like to
study,” he concedes. “I was
very playful and always cut-
ting classes.”
However, the hotel tycoon
has always been very entre-
preneurial. He grew up in a
kampong in Hougang, which
in the early days was mainly
forested area with several pig
farms before it was developed
into Singapore’s biggest HDB
housing estate with 51,000
housing units.
At the age of 10, he start-
ed selling ice-cream for fi ve
Singapore cents to passers-by.
“My father didn’t give me any
pocket money, so I [sold] ice-
cream to earn money for my-
self,” says Choo.
He went on to become a
fishmonger, and then sold tex-
tiles. By the age of 21, he had
saved enough to purchase his
first investment property — a
strata-titled shop unit at Ka-
tong Shopping Centre.
The next decade saw him
amass more strata-titled shop
units at Katong Shopping Cen-
tre, City Plaza, Sultan Plaza and
Lucky Plaza.
“He has sold most of the
shop units, although we still
owns six units at Sultan Pla-
za,” says his daughter, Caro-
lyn Choo, Worldwide Hotels
managing director and CEO.
“But since going into hotels,
he has expanded his portfolio
to more than 100 investment
properties.” Choo’s hotel port-
folio was recently valued at
S$3 billion.
Choo had also developed six
apartment projects in Singa-
pore — both within and outside
of Geylang — before focusing
on hotels for the past 25 years.
His early years as a hotel
owner and operator were “very
difficult”, he says. His first hotel
was at Geylang Lorong 16. “I
had to run around and tackle
all the issues myself,” says Choo
in Mandarin.
He is still very hands-
on today. After at-
tending board
meetings most
mornings,
Choo will visit
his hotels, re-
solve issues
and inspect
his properties
to see if any-
thing needs up-
grading. “My
father is
per-
FO CU S 17
sonally involved in the design
of the hotels,” says Carolyn. “He
likes to talk to the staff and get
customer feedback.”
Choo’s fortune is likely to
rise on the back of Singapore’s
strong tourism performance
over the past two years. Singa-
pore attracted 11.1 million visi-
tors in the first seven months of
2019. This was 1.8% higher than
the same period in 2018. For
the whole of 2018, total visitor
arrivals totalled 18.5 million.
The average occupancy rate
(AOR) for hotels in the first sev-
en months of 2019 was 86.1%,
just 10 basis points shy of last
year’s 86.2%, which had been
the highest since 2007 when
the AOR hit 86.8%.
Certainly, the global market
uncertainty and the US-China
trade war are having an im-
pact on the Singapore econ-
omy. However, Choo remains
confident about Singapore’s
prospects. “In Singapore, land
is very limited,” he says. Devel-
opment land is “getting lesser
and lesser”, he adds.
Carolyn agrees. Prior to the
tender for the Club Street ho-
tel site which they purchased,
the last hotel development site
offered for sale in the Govern-
ment Land Sales (GLS) pro-
gramme was in 2013. That site
was in East Coast Road and
has since been developed by a
joint venture between Master
Contract Services and Keong
Hong Holdings into two hotels:
a 131-room Hotel Indigo and a
451-room Holiday Inn Express;
as well as Katong Square, a mul-
tistorey complex with carpark,
food and beverage outlets and
retail shops.
An upcoming hotel site that
will be launched for sale is in
River Valley Road. The hotel
site is on the Reserve List of the
2H2019 GLS programme. The
future hotel will be linked to
the Fort Canning MRT station,
and is located within walking
distance of Clarke Quay and
Fort Canning Park.
Hence, Choo believes there
will “definitely” be opportuni-
ties. He adds: “It’s how you view
an opportunity and make use of
it.” That was how he made his
fortune: By entering the no-
frills, budget hotel business
in Singapore, which slipped
under the radar of most of
the giant hotel groups.
This article was first
published in
www.EdgeProp.sg.
Check out the website for
the latest property news and
listings
Choo Chong
Ngen’s first
business was
selling ice-cream
at the age of 10.
Photo by Samuel
Isaac Chua
18 W O R L D B U S I N E S S
Yahoo Japan bids for control of
fashion e-tailer Zozo for US$3.7b
Flamboyant founder Yusaku Maezawa to step down as chief executive
BY R I T S U KO A ND O & SA M NUSSEY
TOKYO: Yahoo Japan Corp said it
will take over Japan’s top online
fashion retailer Zozo Inc for ¥400
billion (US$3.7 billion or RM15.45
billion), aiming to breathe fresh
life into the website and upping
its own game against rivals such
as Amazon.com.
Zozo’s billionaire founder
Yusaku Maezawa said he will step
down as chief executive and sell
most of his stake after a series of
missteps which have dragged the
shares down around 60% over the
past year.
“I will entrust Zozo to a new
president and take my own path,”
the flamboyant businessman and
former punk bank member said
in a Twitter post.
The deal offers Yahoo Japan
a chance to take the lead in Ja-
pan’s online fashion space where
Amazon and Rakuten Inc have
struggled to make headway, and
where Zozo’s mall Zozotown con-
trols around 50% of the market for
mid- to high-end fashion.
It also comes as investors have
grown increasingly wary about
growth prospects for Zozo — a
Huawei
prosecutor says
US has ongoing
grand jury probe
BY PATRI C I A H U RTA DO
MANHATTAN: A US lawyer
prosecuting Huawei Technolo-
gies Co for Iran sanctions viola-
tions said a federal grand jury is
investigating a potential crimi-
nal conduct related to the case
of a Xiamen University profes-
sor who has been charged with
stealing trade secrets on behalf
of a Chinese telecommunica-
tions company.
The disclosure was made on
Wednesday when a lawyer for
professor Bo Mao asked why
his client’s case was transferred
from Texas to Brooklyn, New
York — a move Richard Roper
called “extraordinary.”
Assistant US Attorney Alex-
ander Solomon said he could
not disclose the reason because
of an ongoing grand jury probe.
“It’s grand jury informa-
tion so they’re not entitled to
see that,” Solomon told the US
district judge. “If and when
the charges become public as
to the fruits of that grand jury
matter, then we’ll share it with
them.” — Bloomberg
more affordable, Japan-focused
version of Britain’s Farfetch Ltd
— after a failed experiment with
bespoke tailoring and clashes with
brands over discounting.
Yahoo Japan’s offer of ¥2,620
per Zozo share represents a pre-
mium of around 21% versus
Wednesday’s closing price, but
is 44% lower than its peak around
Gone in 146 seconds: Japan
investors race to buy SoftBank bonds
BY TAKAHIKO HYUG A
TOKYO: Monex Group Inc’s on-
line brokerage sold out ¥500 mil-
lion (RM19.32 million) of SoftBank
Group Corp bonds to Japanese in-
dividuals in less than three minutes,
a sign of strong demand for the con-
glomerate’s debt despite scepticism
about some of the company’s recent
investments.
Tokyo-based Monex started sell-
ing the bonds at 9am on Monday and
ran out at 9.02:26pm, said Shinichi-
ro Yamada, general manager in the
firm’s products department.
Huawei plans first onshore bonds totalling six billion yuan
BY SIJIA JIANG & NOAH S I N
HONG KONG: Huawei Technolo-
gies Co’s parent plans to issue two
tranches of bonds worth three bil-
lion yuan (RM1.76 billion) each, the
first time it is tapping the onshore
yuan bond market, the Chinese
technology giant said in regulatory
filings on Wednesday.
No issuance dates have been set
for the three-year medium-term
notes for the Chinese interbank
a year ago. Zozo’s stock ended up
13% yesterday, while Yahoo Japan
shares rose 2%.
Yahoo Japan said it aims to
buy 50.1% of Zozo, whose market
value was ¥680 billion at Wednes-
day’s close, before Yahoo’s offer,
Refinitiv data showed.
The deal would give Maezawa
a windfall of around US$2.3 bil-
That is despite a fierce typhoon
that hit the nation that day, disrupt-
ing trains and airplane schedules. It
takes the brokerage about two weeks
to sell out on average.
SoftBank founder Masayoshi Son
has relied heavily on local investors,
particularly individuals, to raise cap-
ital as he has expanded into wireless
services and, more recently, invest-
ments in start-ups like Uber Tech-
nologies Inc and WeWork. SoftBank
is raising a total of ¥400 billion in the
most recent bond sale by Monex
and other brokerages, pricing the
seven-year notes at a 1.38% interest
market, according to the prospec-
tus, which shows Huawei Invest-
ment Holdings has applied to raise
as much as 20 billion yuan.
“The bond market in China is
developing rapidly...With this bond
issuance, Huawei plans to tap into
the Chinese bond market, diversify
its financing channels and improve
its overall financing plan,” a Huawei
spokesman said.
The funds will be used to replen-
ish working capital and invest in
FR I DAY SEP TEM B ER 1 3 , 2 0 1 9 • TH EEDGE F I N AN C I AL DAI LY
Zozo billionaire
founder Maezawa
is planning to sell
a stake of about
30% in Zozo and
retain only 6%.
Photo by Reuters
lion. He said he will sell a stake
of around 30%, leaving him with
about 6% in the company.
The entrepreneur is credit-
ed with creating a trendy, us-
er-friendly website over a dec-
ade ago at a time of scepticism
about whether Japanese consum-
ers would buy clothes online. —
Reuters
rate. It sold another ¥500 billion of
bonds in April.
“The quick sellout, despite the
typhoon, shows how strong the de-
mand is for higher interest rates,”
Yamada said. “We have sold IPO
(initial public offering) shares online
before and now we see it’s convenient
for investors to purchase the bonds
online too.”
SoftBank has drawn sceptics re-
cently because of its heavy invest-
ments in WeWork, the co-working
start-up that is stumbling in its push
to go public. The company was once
valued at US$47 billion. — Bloomberg
core businesses such as information
and communications technology
infrastructure, Huawei said.
The company is fighting a trade
ban from Washington that threatens
to cut its access to US components
and software on national security
grounds. Huawei has repeatedly
denied US allegations of spying.
Huawei has four outstanding
offshore US dollar bonds worth
US$4.5 billion in total, according
to the filing. — Reuters
IN BRIEF
Viacom emerging as
front runner for Miramax
stake — sources
LOS ANGELES/NEW YORK: Vi-
acom Inc, the media company
that is combining with CBS Corp,
has emerged as the front runner
to buy a stake in Miramax Films,
which owns award-winning pic-
tures such as Pulp Fiction, people
familiar with the matter said. An-
other bidder, Lions Gate Enter-
tainment Corp, has dropped out
of the process to focus on its core
business, though it is possible the
company could come back, said
one of the people, who asked
not to be identified because the
discussions are private. Talks are
ongoing and there is no guaran-
tee a deal will be reached. The
parties have discussed a price
in the nine-figure range, or at
least $100 million, the people
said. — Bloomberg
John Lewis warns of
‘significant’ impact
of hard Brexit
LONDON: British retailer John
Lewis said yesterday a possible
no-deal Brexit could worsen al-
ready difficult trading condi-
tions after first-half operating
losses at the group’s department
stores widened and that the im-
pact could be “significant”. The
partnership, which runs the
eponymous department stores
business and up-market super-
market Waitrose, reported a loss
before its partner bonus, tax and
one-off costs of £25.9 million
(RM132.95 million). John Lew-
is has said the main risk to the
partnership from an unman-
aged Brexit was a sharp fall in
consumer confidence and the
impact that it would have on
trading. — Reuters
SmileDirectClub
raises US$1.35b in
above-range IPO
NEW YORK: SmileDirectClub
Inc raised US$1.35 billion
(RM5.62 billion) after pricing
shares above its targeted range
in the fifth-biggest US initial pub-
lic offering (IPO) of the year. The
maker of alternatives to dental
braces sold 58.5 million Class A
shares on Wednesday for US$23
each, according to a statement.
SmileDirectClub had offered
the shares for $19 to $22 each.
The listing values the company
at about US$8.9 billion based on
the outstanding shares as listed
in its filings with the US Securi-
ties and Exchange Commission.
— Bloomberg
AT&T says weakness in
wireless gear unit
weighing on 3Q revenue
BENGALURU: AT&T Inc said
on Wednesday weakness in its
wireless equipment unit could
weigh on its third-quarter (3Q)
revenue. Low upgrade rates
are hurting its wireless equip-
ment revenue, AT&T said. The
company also said it expects
current-quarter revenue at its
WarnerMedia unit to fall by
US$400 million (RM1.67 billion)
from a year earlier, mainly due
to a strong second half last year
at Warner Bros. — Reuters
FRIDAY S E P T E MB E R 1 3 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Purdue Pharma
nears partial
opioid settlement
— sources
BY M I K E SPEC TOR
& JESSI C A DI NA POL I
NEW YORK: OxyContin mak-
er Purdue Pharma LP is near-
ing a partial agreement to
resolve widespread litigation
over its alleged role in fue-
ling the US opioid crisis and
plans to tussle with states
opposing its settlement of-
fer in bankruptcy proceed-
ings starting as soon as next
week, people familiar with
the matter said.
Late on Tuesday, lead law-
yers representing more than
2,000 cities, counties and oth-
er plaintiffs suing Purdue,
along with more than two
dozen states and US territo-
ries, were close to agreeing
on an offer from the compa-
ny and its controlling Sackler
family to settle lawsuits in a
deal valued at up to US$12
billion (RM50.04 billion), the
people said.
More than a dozen other
states remain opposed or un-
committed to the deal, setting
the stage for a legal battle over
Purdue’s efforts to contain the
flux, the people said. — Reuters
BAT plans to cut
2,300 jobs as
cigarette makers
retrench
BY T H O M AS MU L I ER
GENEVA: British American
Tobacco plc (BAT) plans to
cut 2,300 jobs as cigarette
sales continue to decline in
major markets and US Pres-
ident Donald Trump vows to
tighten restrictions on new
alternatives to smoking.
BAT expects to complete
the job cuts, which will affect
one in five management posi-
tions, by January, the compa-
ny said yesterday. The com-
pany employed more than
95,000 people in 2018. The
stock rose as much as 1.1%
in London.
Five months into the
job, chief executive officer
Jack Bowles is setting out to
transform BAT as cigarette
consumption drops and the
company’s portfolio of al-
ternatives underperforms.
Rival Japan Tobacco Inc re-
cently announced plans to
eliminate 3,720 positions over
three years as cigarette mak-
ers struggle to deal with the
shift in smoking to vaping.
The move also comes after
rival Philip Morris Internation-
al Inc said it approached Altria
Group Inc about reuniting after
a split about a decade ago. —
Bloomberg
US-China spat raises new risk
for 787 Dreamliner
Boeing CEO sees potential danger to wide-body production plans
BY JULIE JOHNSSON
CHICAGO: The Boeing Co 787
Dreamliners once praised as
“beautiful” by US President Donald
Trump could become a casualty of
his escalating trade war with China.
The sparring between the two
economic superpowers has in-
jected new uncertainty into Boe-
ing’s wide-body production and
deliveries, particularly for jets like
the 787 Dreamliner and the larger
777 that are popular with Chinese
airlines, said Dennis Muilenburg,
the plane-maker’s chief executive
officer (CEO).
“We’re still hopeful that a trade
deal will be accomplished and
that airplanes will be part of that,”
Muilenburg said on Wednesday at
a Morgan Stanley conference. “But
a lack of a trade deal does add risk
to our wide-body skyline. So we’re
paying close attention.”
The carbon-fiber Dreamliner,
Boeing’s most-advanced jetliner, is
a critical source of cash as the man-
ufacturer works with regulators to
lift a grounding of the highly profit-
737 MAX may make ‘phased’ return
BY JULIE JOHNSSON
CHICAGO: Boeing Co’s 737 MAX
may return to service on a “phased”
timetable if regulators around the
world approve the grounded jet
to fly at their own pace instead of
closely following the lead of US
officials.
“The principle schedule risk
on that continues to be regulator
alignment around the world,” chief
executive officer (CEO) Dennis
Muilenburg said on Wednesday,
after reiterating the company’s esti-
mate that the MAX will be approved
to return early in the fourth quar-
ter. “A phased ungrounding among
regulators around the world is a
possibility.”
The next few weeks will be criti-
cal for the plane-maker as the flying
ban on the MAX approaches the
six-month mark. Boeing engineers
are wrapping up work on more than
500 queries from global regulators,
which have delved into the jet’s
flight-control system beyond the
software linked to two fatal crashes.
But it is unclear whether airwor-
thiness officials around the world are
prepared to move in lockstep with
the Federal Aviation Administra-
tion, which has primary oversight
because the MAX is built in the US.
The agency’s counterpart in the Eu-
ropean Union has recently stressed
that it is carrying out an independent
review that will include week-long
flight tests of the MAX, the newest
version of the workhorse 737.
able 737 MAX. But analysts wonder
how long the Chicago-based com-
pany will be able to keep making 14
Dreamliners a month — a record
pace for twin-aisle jets, as the 787’s
order backlog dwindles amid wan-
ing wide-body demand.
Boeing still has a few unfilled
Muilenburg says US regulators have established a certification management team for the
MAX, meeting with counterparts from Europe, Canada and Brazil. Photo by Bloomberg
Boeing extended gains while
Muilenburg spoke at a Mor-
gan Stanley conference, and the
shares advanced 3.4% to US$382.15
(RM1,593.56) at 2.17pm in New
York. With some analysts predict-
ing the MAX crisis could drag into
2020, investors were relieved to
hear Muilenburg’s assurance that
Boeing is making “solid progress”.
US regulators have established
a certification management team
for the MAX, meeting regularly with
counterparts from Europe, Canada
and Brazil, the CEO said. Boeing
has completed 600 flights testing
its redesign of the system, known
W O R L D B U S I N E S S 19
delivery slots for the 787 over the
next two years and more open-
ings in 2022, Jefferies analyst Shei-
la Kahyaoglu said in a report on
Tuesday. “Without an acceleration
in order activity, we estimate rate
could be cut in 2022 with a poten-
tial announcement in late 2020/
as the Maneuvering Characteris-
tics Augmentation System, that has
been linked to the two accidents.
Since mid-year, the plane-maker
has done a “second-wave evalua-
tion” of the entire MAX software
and flight control systems with reg-
ulators, he said.
Even so, the European Union Avi-
ation Safety Agency (Easa) has sig-
nalled its concerns with the jetliner
along with plans to send its own
pilots to the US to test redesigned
systems. Among other things, Easa
is examining whether the MAX’s
angle-of-attack sensors are suffi-
ciently robust. — Bloomberg
early 2021,” she wrote.
‘Risk area’
Muilenburg acknowledged that
maintaining the current Dream-
liner pace is “a risk area for us”,
since Chinese orders figured into
Boeing’s sales forecasts. About 17%
of Dreamliner deliveries to date
have gone to the People’s Repub-
lic, Kahyaoglu said.
Hung up in the trade wrangling
is a blockbuster deal for 100 of Boe-
ing’s 777X and 787 jets, reported in
June by Bloomberg News, which
would be one of the largest wide-
body sales on record if it comes to
fruition. That would break an order
drought by Chinese airlines that ex-
tends to October 2017, according
to Boeing’s website. Boeing and
Airbus SE are also expecting a new
wave of wide-body deals to fatten
order books early in the 2020s, as
airlines begin retiring ageing A330,
A340 and 777 models on a large
scale. But there is a growing risk that
a recession, triggered by the trade
turmoil, could thwart that wave
of jet replacements. — Bloomberg
TeamViewer
seeks €2.31b in
top German tech
IPO since 2000
BY N IC H O L A S CO MFO RT
FRANKFURT: The owners of
software maker TeamViewer AG
are seeking to raise as much as
€2.31 billion (RM10.65 billion)
in Germany’s biggest technolo-
gy initial public offering (IPO)
in almost two decades.
Private-equity firm Permira
plans to sell as many as 84 mil-
lion shares for €23.50 to €27.50
a piece via holding firm Tiger-
LuxOne, the company said in
a statement on Wednesday.
TeamViewer stock is expected
to start trading on the Frank-
furt Stock Exchange on Sept
25, according to the statement.
While Germany has several
established tech companies, in-
cluding software giant SAP SE,
there have been few sizeable
newcomers since chipmaker
Infineon Technologies AG was
listed in 2000. TeamViewer is
a bright spot in Europe, which
has been contending with its
worst IPO market in years.
The price range would give
the company a market value of
between €4.7 billion and €5.5
billion, the statement said.
Bloomberg News previously
reported the valuation could
be €4 billion to €5 billion. —
Bloomberg
20 WORLD
Trump delays China
tariff increase
Move brightens the backdrop for upcoming negotiations
BY JO H N HA RN EY & Y I NAN ZHAO
WASHINGTON/BEIJING: US Pres-
ident Donald Trump said he was
postponing the imposition of 5%
extra tariffs on Chinese goods by
two weeks, a move that delays the
next escalation of the trade war
and brightens the backdrop for
upcoming negotiations.
“At the request of the Vice Pre-
mier of China, Liu He, and due to
the fact that the People’s Republic
Filepic of a destroyed neighbourhood in the wake of Hurricane Dorian in Marsh Harbour, Great Abaco, Bahamas. Dorian slammed
into the Bahamas on Sept 1 as a Category 5 storm on the five-step Saffir-Simpson scale of intensity. Photo by Reuters
Bahamas says 2,500 still missing after Dorian
BY Z AC H A RY FAGENSON
NASSAU (Bahamas): Some 2,500
people are still listed as missing in
the Bahamas more than a week after
Hurricane Dorian pummelled the
Caribbean island chain, although
that number may include evacuees
who fled to shelters, authorities said
on Wednesday.
Trump says Bolton a ‘disaster’ on North Korea, ‘out of line’ on Venezuela
BY JEF F MA SON
& DAVID BRUNNSTROM
WASHINGTON: US President Don-
ald Trump said on Wednesday that
John Bolton, dismissed a day earli-
er as national security adviser, had
been a “disaster” on North Korea
policy, “out of line” on Venezuela,
and did not get along with impor-
tant administration officials.
Trump said Bolton had made
mistakes, including offending
North Korea’s leader Kim Jong-
of China will be celebrating their
70th Anniversary on Oct 1, we have
agreed, as a gesture of goodwill,
to move the increased tariffs on
US$250 billion (RM1.04 trillion)
worth of goods (25% to 30%), from
Oct 1 to Oct 15,” Trump wrote on
Wednesday on Twitter.
S&P 500 futures climbed 0.5%
and the offshore yuan strength-
ened 0.3% against the dollar. The
yen fell.
Negotiators are due to meet in
Bahamian Prime Minister Hubert
Minnis told the nation in a televised
address that the death toll from Dori-
an remained at 50, but conceded that
the large number of people missing
meant that number would rise.
Emergency management officials
told a separate news conference that
the list of missing had not yet been
checked against records of evacuees
un by demanding that he follow
a “Libyan model” and hand over
all his nuclear weapons.
“We were set back very badly
when John Bolton talked about
the Libyan model ... what a dis-
aster,” Trump told reporters at the
White House.
“He’s using that to make a deal
with North Korea? And I don’t
blame Kim Jong-un for what he
said after that, and he wanted noth-
ing to do with John Bolton. And
that’s not a question of being tough.
Washington in coming weeks to
push forward talks to end the trade
war, which is causing increasing
economic damage as it stretches
into its second year. There is little
sign that substantive progress is
being made on the two countries’
differences, while Trump still has
further tariff increases lined up.
On Wednesday, China an-
nounced a range of US goods to
be exempted from 25% extra tariffs
enacted last year. — Bloomberg
or the thousands of people staying
in shelters.
Dorian slammed into the Ba-
hamas on Sept 1 as a Category 5
storm on the five-step Saffir-Simp-
son scale of intensity, one of the
strongest Atlantic hurricanes on
record to make a direct hit on land
and packing top sustained winds of
298kph. — Reuters
That’s a question of being not smart
to say something like that.”
Trump also said he disagreed
with Bolton on Venezuela but of-
fered no specifics. “I thought he
was way out of line and I think
I’ve proven to be right,” the pres-
ident said.
Trump said Bolton, with his
abrasive, hard-line approach,
“wasn’t getting along with peo-
ple in the administration that I
consider very important”.
“John wasn’t in line with what
FR I DAY SEP TEM B ER 1 3 , 2 0 1 9 • TH EEDGE F I N AN C I AL DAI LY
UK’s no-deal Brexit
plan warns of public
disorder, among others
BY PAUL S A N D L E
LONDON: The British government’s
plans for a no-deal Brexit warn of
severe disruption to cross-Chan-
nel routes, affecting the supply of
medicines and certain types of
fresh foods, and say that protests
and counter-protests will take place
across the country, accompanied by
a possible rise in public disorder.
The “Operation Yellowhammer”
worst-case assumptions published
on Wednesday were prepared on
Aug 2, the government said, nine
days after Boris Johnson became
prime minister, and form the basis
of its no-deal planning.
The document, which looked
at the worst that could happen if
Britain leaves the European Union
(EU) on Oct 31 without a deal, said
public and business readiness for
such an outcome would likely be
low, in part because of continued
political confusion in the run-up to
Brexit day. It said lorries could have
to wait up to two-and-a-half days
to cross the English Channel and
British citizens could be subject to
increased immigration checks at
EU border posts.
Top US trade official submits USMCA
ideas to Democrats — lawmakers
BY RI CH A R D CO WA N , S US A N
CO RNW E L L & A N D R E A S H A L A L
WASHINGTON: The Trump ad-
ministration on Wednesday sent
US House of Representatives Dem-
ocrats its latest proposals for ad-
dressing legislators’ concerns about
the new US-Mexico-Canada trade
deal, lawmakers and congressional
sources said.
Democrats are reviewing the
proposals, a spokeswoman for the
House Ways and Means Committee
said, without providing any details.
The trade agreement, which
leaders from the US, Mexico and
Canada signed in November, must
be ratified by lawmakers in all three
countries. Mexican lawmakers have
already done so.
The long-awaited response from
US Trade Representative (USTR)
Robert Lighthizer sets the stage for
we were doing,” he added.
Trump had been growing more
impatient with the failure to oust
socialist Venezuelan President
Nicolas Maduro through a US-
led campaign of sanctions and
diplomacy in which Bolton was a
driving force.
Bolton was also a chief archi-
tect of the Trump administration’s
hard-line policy on Iran.
Asked whether he would con-
sider easing sanctions on Iran to
secure a meeting with its leader
It said the flow of traffic across
the English Channel could be re-
duced by as much as 60% on the
first day after a no-deal Brexit. The
worst disruption could last for up
to three months.
Traffic queues could affect fuel
deliveries, disrupting supplies in
London and southeast England,
and panic buying could cause
shortages in other parts of the
country, it said.
Cross-border financial services
would be affected as would infor-
mation-sharing between police
and security services, according
to the document.
Documents from Operation Yel-
lowhammer were first published
in the Sunday Times newspaper
on Aug 18.
Michael Gove, the minister in
charge of coordinating “no-deal”
preparations, said then that the
document was old and did not re-
flect current levels of preparedness.
He said on Wednesday that as-
sumptions contained in the five-
page published document were
currently being reviewed, but they
were the most recent complete
iteration of the plans. — Reuters
weeks of intense negotiations before
a congressional vote on the agree-
ment that will replace the North
American Free Trade Agreement.
Democrats, who control the
House, said they would decide on
next steps after reviewing the ad-
ministration’s response to the writ-
ten recommendations they submit-
ted in July on how to strengthen the
proposed trade pact.
“We have paper back from USTR
that’s being reviewed and then we
will move from there,” Represent-
ative Rosa DeLauro said.
US President Donald Trump
has urged Congress to approve
the trade pact, known as USMCA,
but Democrats have said they will
only proceed when their concerns
about enforcement of the labour
and environmental provisions, and
certain pharmaceutical issues, are
addressed. — Reuters
President Hassan Rouhani at this
month’s UN General Assembly,
Trump replied: “We’ll see what
happens.” Bolton had opposed
such a step.
Trump’s efforts to engage with
North Korea nearly fell apart al-
together in February after he fol-
lowed Bolton’s advice at a second
summit in Hanoi and handed Kim
a piece of paper that called for the
transfer of Pyongyang’s nuclear
weapons and bomb fuel to the
US. — Reuters
FRIDAY S E P T E MB E R 1 3 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Mid-Autumn Festival lantern
protests to ‘light up’ Hong Kong
Demonstrators plan a series of lantern-carrying human chains and sit-ins
BY J E SSI E PANG & FEL I X TA M
HONG KONG: Activists will com-
bine anti-government protests with
lantern celebrations marking the
Mid-Autumn Festival this weekend
after a brief lull in sometimes violent
demonstrations which have rocked
the Chinese-ruled city since June.
The protests include another in a
series of “stress tests” of the airport,
which in recent weeks have seen ap-
proach roads blocked, started street
fires and the trashing of a nearby
MTR subway station.
Protesters also jammed the air-
port arrivals hall last month, leading
to cancelled or delayed flights and
clashes with police.
The Mid-Autumn Festival is a
harvest celebration throughout the
Chinese-speaking world and in East
and Southeast Asia. It is celebrated
with mooncakes, gazing at the full
moon and colourful lantern displays
and falls on today this year.
Protesters plan a series of lan-
tern-carrying human chains and
sit-ins at MTR shopping malls and
Shinjiro Koizumi:
Japan should
stop using
nuclear power
BY E L AI N E L I ES
& A A RO N SHEL D RI CK
TOKYO: Japan’s newly installed
environment minister Shinjiro
Koizumi wants the country to
close down nuclear reactors to
avoid a repeat of the Fukushima
catastrophe in 2011.
The comments by the son of
former prime minister Junichiro
Koizumi, himself an anti-nuclear
advocate, are likely to prove con-
troversial in the ruling Liberal
Democratic Party, which sup-
ports a return to nuclear power
under new safety rules imposed
after Fukushima.
“I would like to study how we
will scrap them, not how to retain
them,” Shinjiro said at his first
news conference late on Wednes-
day after he was appointed by
Prime Minister Shinzo Abe.
Japan’s nuclear regulator is
overseen by Shinjiro’s ministry.
Three reactors at the Fukush-
ima Daiichi station run by Tokyo
Electric Power melted down after
being hit by a massive earthquake
and tsunami in March 2011,
spewing radiation that forced a
hundred sixty thousand people
to flee, many never to return.
Shinjiro’s father, a popular
prime minister now retired from
parliament, became a harsh critic
of atomic energy after the Fuku-
shima nuclear crisis. — Reuters
A demonstrator holding a sign in support of anti-government protesters at Hong
Kong Stadium, China on Tuesday. Protesters also jammed the airport arrivals hall
last month. Photo by Reuters
on the city’s scenic Victoria Peak,
popular with mainland tour groups,
and on Lion Rock, separating the
New Territories from the Kowloon
Peninsula.
There were brief scuffles, pushing
and hair pulling, between pro-Bei-
jing and anti-Hong Kong govern-
ment supporters in the mall of the
Foxconn’s Terry Gou quits Taiwan’s
KMT, paving way for presidential bid
BY YIM OU LEE
TAIPEI: Terry Gou (pic), the found-
er of Apple supplier Foxconn, quit
Taiwan’s main opposition party yes-
terday, paving the way for a possible
bid to stand in a presidential election
as an independent, complicating
President Tsai Ing-wen’s prospects.
Gou, Taiwan’s richest person
with a net worth of US$7.6 billion
(RM31.69 billion) according to
Forbes, has extensive business in-
terests in China and is in known for
his close ties with Beijing leaders.
He is also known for asserting
that self-ruled Taiwan is part of “One
China”, a cherished principle for
China, while acknowledging Taipei
and Beijing have their own interpre-
tations of what that means.
He has also repeatedly called for
closer ties with Beijing, which would
likely welcome his bid to challenge
China fights US on ‘Belt and Road’ reference in UN resolution
BY DAV ID WAINER
NEW YORK: Chinese and US dip-
lomats are at loggerheads over
Beijing’s insistence on including a
reference to its Belt and Road Ini-
tiative (BRI) in the text of a UN res-
olution on Afghanistan, the latest
front in a struggle between the two
superpowers over China’s sprawl-
ing infrastructure programme.
IFC, a prominent skyscraper on the
newly reclaimed Central waterfront.
Some top-brand stores were closed.
Police denied the Civil Human
Rights Front (CHRF) permission for
a mass downtown march on Sunday.
“In previous marches applied for
by the CHRF, participants, reporters
and police suffered serious injuries,”
PHOTO BY REUTERS
Tsai, who Beijing views as untrust-
worthy. Tsai is hoping to win a sec-
ond term in next year’s election.
Gou announced his intention to
contest the presidential election in
April as the candidate for the Chi-
na-friendly opposition Kuomintang
The US and its Western allies,
including the UK, have indicat-
ed they won’t include language
supportive of the Chinese initia-
tive in a resolution renewing the
UN mission in Afghanistan, which
expires on Sept 17, according to
three diplomats familiar with the
debate. China is warning it won’t
back down, a sign it could veto
the resolution, the diplomats said,
police said in their refusal letter to
the group.
“Some protesters acted violently
and blocked the main road and even
used petrol bombs, bricks and iron
bars to damage public facilities and
social peace.”
The group has appealed.
Police have responded to vio-
lence with tear gas, pepper spray,
rubber bullets, water cannons and
baton charges, prompting com-
plaints of excessive force.
Protesters also plan to gather out-
side the British consulate on Sunday
to make sure China honours the Si-
no-British Joint Declaration which
was signed in 1984, laying out the
former British colony’s future.
The current unrest was original-
ly prompted by anger over planned
legislation to allow extraditions to
China, but has broadened into calls
for democracy and for Commu-
nist rulers in Beijing to leave the
city alone.
China denies meddling and has
accused the US, UK, and others of
fomenting the unrest. — Reuters
(KMT). But he lost his bid to win the
party’s nomination in July.
That raised speculation he would
enter the presidential race as an
independent but Gou’s aide, Tsai
Chin-yu, told reporters in Taipei his
decision to resign as a member of
the KMT was not linked to a deci-
sion on whether to run for president.
She cited disappointment with
the leadership of a party which she
said had become “outdated”.
“Effective today (yesterday), Mr
Terry Gou quits the KMT,” the aide
said.
The KMT said it “deeply regret-
ted” Gou’s decision and urged unity
within the party to win the election.
Two people familiar with Gou’s
thinking said the 68-year-old bil-
lionaire is set to announce his bid to
become president as an independ-
ent candidate by a Sept 17 deadline
for nominations. — Reuters
requesting anonymity to discuss
ongoing negotiations.
The text on the UN mission to
Afghanistan has referred to the BRI
since 2016, but starting in March,
the US said it would not agree to
include that language, forcing a
temporary rollover of the mission
for six months, instead of one year.
“We strongly believe this man-
date is too important at this mo-
W O R L D 21
China urges US
to take steps to
ensure N Korea
talks resume
BY B E N B L A N C H A R D
BEIJING: China urged the US
yesterday to adopt an approach
more conducive to dialogue in re-
sponse to North Korea’s goodwill
in wanting to resume denucleari-
sation talks, and again suggested
UN sanction relief be considered
for Pyongyang.
North Korea said on Monday
it is willing to restart nuclear
talks with the US in late Sep-
tember but warned that deal-
ings between the sides could
end unless Washington takes a
fresh approach.
However, North Korea fired a
new round of short-range projec-
tiles only hours later.
Speaking in Beijing, the Chi-
nese government’s top diplomat,
State Councillor Wang Yi, said
China welcomed North Korea’s
recent “positive signals” on re-
suming talks with the US.
“We would be glad to see
North Korea and the US resum-
ing talks on schedule at the end
of the month,” Wang told a joint
news conference with Malaysian
Foreign Minister Datuk Saifuddin
Abdullah. Experience shows that
for talks to achieve real progress,
each side’s core concerns must
be addressed, Wang added.
“If there are only precondi-
tions made for the other side,
or lists drawn up, or even trying
to use extreme pressure to get
the other side to make unilater-
al concessions, and if this won’t
work in the past, it won’t work
now or in the future.”
North Korea has so far this
year taken a series of positive
steps, and has asked the US to
meet them halfway, he said.
“We hope that the US side can
also take practical measures in
this regard and make due efforts
to ease the situation and promote
dialogue.”
Wang reiterated previous sug-
gestions from China for sanction
relief for North Korea, though
China has signed up to the on-
erous sanctions North Korea has
endured for many years because
of its nuclear and missile tests.
“We believe that the UN Secu-
rity Council should in due course
consider opening a discussion on
the North Korea sanction reso-
lution reversal clauses, to help
North Korea alleviate the diffi-
culties brought to the economy
and people’s livelihoods by the
sanctions.” — Reuters
ment to have one Security Coun-
cil member deny the consensus
for reasons having nothing to do
with the mission,” US Ambas-
sador Jonathan Cohen said at a
UN Security Council briefing on
Tuesday. “All of us must display
discipline and the political will
to focus the mandate on the core
issues that will empower the mis-
sion.” — Bloomberg
22
live it!
FR I DAY SEP TEM B ER 1 3 , 2 0 1 9 • TH EEDGE F I N AN C I AL DAI LY

WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE

WEEKEND
by numbers
13.09.19 to 15.09.19
Your quick guide to rest and relaxation. By Ho Su Ling

3 performances for music lovers

SEA-MPHONY Elvira Arul
Make this Malaysia Day weekend a memorable one with Sit back and enjoy a soulful performance by the
SEA-MPHONY, a one-of-a-kind musical performance award-winning singer Elvira Arul. Elvira has per-
commemorating our nation’s culture and artistic vision. formed together on stage with quite a number of local
It will feature an underwater gong playing accompa- artistes including Lewis Pragasam, Andy Peterson and
nied by a group of talented young musicians from the Ricky Omar. She is well adept in performing numer-
Malaysian Philharmonic Youth Orchestra. The show ous genres of music including R&B, jazz, soul, bal-
will be held on Sunday and Monday at 4pm at Aquaria lad and pop. She will be performing from today until
KLCC, Kuala Lumpur Convention Centre, Kuala Lum- Sunday at 9.30pm at Bobo KL, 65-1, Jalan Bangkung,
pur. Admission fees for MyKad holders are RM39 (chil- Bangsar, Kuala Lumpur. Entrance fees are RM80 and
dren) and RM49 (adults) and for non-MyKad holders RM65 (for Bobo diners). For more information, go to
they are RM59 (children) and RM69 (adults). For more the Facebook page @BoboKualaLumpur.
information, go to aquariaklcc.com.

Bonahop
Catch Bonahop, a multitalented Malaysian duo compris-
ing Yvonne Chong, a talented vocalist, and Grace Leong,
an experienced pianist of over 10 years as well as a music
lecturer at UCSI University. Bonahop made its debut at the
Publika Jazz Festival in 2017. Since then, they have been
invited to perform at several events such as the Tropic
Thunder Swing Festival, KL Swing’s 10th Year Anniversary
event and even an international Lindy Hop dance party
earlier this year. Catch their live performance today and
and tomorrow at 10pm at Alexis Bistro Ampang, Great
Eastern Mall, 303 Jalan Ampang, Kuala Lumpur. For more
information, go to alexis.com.my.

1 workshop for the 1 play for the

environmentalists theatregoers
Beeswax Wraps Workshop Constellations
In this modern day and age, the use If you are an advocate of the quantum multiverse the-
of plastic in our everyday lives has ory (hypothesising the existence of multiple universes
become virtually inevitable with plas- parallel to the one we live in), Constellations by Nick
tic packaging on every item in stores, Payne is a must-watch play as it explores the notions of
ranging from fresh produce to elec- love, science and the endless possibilities relationships
tronic devices. Take part in the move- hold. It tells the story of Marianne, a physicist, and Ro-
ment to cut down on plastic with this land, a beekeeper, who meet at a party. Will they form
short informative course in utilising a romantic relationship? And if they do, will it flourish
nature’s alternative to plastic: bees- or end tragically? Alternate situations are presented in
wax. Beeswax can be used to make the play as it gives way to the butterfly effect, illustrat-
food wraps, eliminating the need ing how even the tiniest changes at present times can
for items such as cling film, zip lock significantly affect the future outcome. Showtimes for
bags and plastic containers. It is also today and tomorrow are at 8.30pm and on Sunday at
beneficial to our health as it reduces our exposure to harmful toxins and chemicals 3pm. Watch it at Blackbox, Damansara Performing
present in plastic. In this workshop, you will be taught how to prepare and transform Arts Centre (DPAC), Empire Damansara, Jalan PJU 8/8,
beeswax and fabric into natural reusable wraps. It will be held on Sunday from 10am Damansara Perdana, Petaling Jaya. Tickets are priced
to noon at The Hive Bulk Foods, 92A, Lorong Maarof, Bangsar Park, Kuala Lumpur. at RM68 (normal) and RM58 (concession). For more
The admission fee is RM70. For more information, go to thehivebulkfoods.com. information, go to dpac.com.my.
 live it! 23
FRIDAY S E P T E MBE R 1 3 , 20 1 9 • T HEED G E FINA NCIA L DA ILY

WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE

The BMW Premium Selection Fair

BMW Group Malaysia will be hosting its
largest pre-owned vehicle fair this week-
end. It will feature the BMW X5, BMW 3
Series and BMW 7 Series in addition to
the MINI models and motorcycles in the
BMW Motorrad portfolio. As an emphasis
on the brand’s commitment to providing
a premium ownership experience to not
just the owners of brand-new cars, but also
to owners of pre-owned BMW and MINI
vehicles, the event will offer an exclusive
complimentary one-year BMW and MINI
Comprehensive Motor Insurance to cus-
tomers (eligible upon early registration of
interest on the BMW Premium selection
official website). The fair will be held from
today until Sunday from 10am to 7pm. For
more information and to register, go to

1 fair for motorheads

bmw.com.my.

2 shows for 2 concerts for

the jokers dance enthusiasts
Ron Josol
Do not miss out on a hysterically hilarious act by
comedian Ron Josol. A seasoned performer of over
20 years, he has performed throughout Canada
and has now attained a global reach in audience.
Josol also has an impressive list of feats which
includes going on tour with his comedic
mentor Russell Peters, being nominat-
ed for the Canadian Comedy Award for
Live/Best Male Stand-Up in 2012 and
performing at the main stage of Just for
Laughs festivals multiple times. He will be
performing today and tomorrow at 9pm at the
Crackhouse Comedy Club, 24, Lorong Rahim
Kajai 14, Taman Tun Dr Ismail, Kuala Lum-
pur. Tickets are priced at RM50 for students
and senior citizens, RM60 online and RM70
at the door. For more information, check out Soun[D]ance 27
the Facebook page @crackhousekl. Delight in Soun[D]ance 27, a performance crafted in the spirit of uniting elements
of music and dance as well as to incite growth in artistic relationships between
performers. It will feature dancers Xiner Chan and Joelle Lee, vocalist Kok Siew
Wai and Yong Yandsen on the saxophone. It will be held tomorrow at 8.30pm at
RAW Art Space, No 8, 4th Floor, Jalan Panggong, Kuala Lumpur. Admission is by a
AIIA and Friends donation of RM20 and RM15 for students. For more information, go to the Face-
Let loose this weekend and allow yourself to a night of fun and laughter with book page @rawartspacekl.
AIIA (Artificially Intelligent Improvaholics Anonymous) as they entertain you
with some impromptu comedy. The event will showcase the comedians’ level
of creativity and imagination in combination with suggestions from the audi-
ence resulting in a uniquely funny performance filled with games and short
acts. The show features Iedil Dzuhrie Alaudin, Shamaine Othman, Farah Rani, Take Me to the Movies
Ashraf Modee Zain and Tung Jit Yang as well as special guests Datuk Afdlin X La Bayadere
Shauki and television personality Sharifah Amani. It will be held tomorrow Be enchanted by this
at 8.30pm at The Platform, Menara Ken, Taman Tun Dr Ismail, Kuala Lum- whimsical dance recital
pur. Ticket prices range from RM51 to RM80. For more information, go to the staged by a large troupe of
Facebook page @LOLAsia.Comedy. over 200 dancers showcas-
ing music from cinematic
favourites such as Frozen,
Mary Poppins, Trolls and
The Greatest Showman.
It will be followed by an
excerpt from the promi-
nent ballet repertoire, La
Bayadere Kingdom of the
Shades, performed by a se-
lect few dancers. The show
will be held on Sunday at
1.30pm and 5.30pm at Pentas 1, Kuala Lumpur Performing Arts Centre (klpac), Sen-
tul Park, Jalan Strachan, off Jalan Sultan Azlan Shah, Kuala Lumpur. Ticket prices
range from RM65 to RM125. For more information, go to klpac.org.
2 4 S P O RT S
McIlroy named PGA Tour
Player of the Year for third time
He beat Koepka, Kuchar, Schauffele for the Jack Nicklaus Award
BY F R A NK PI N GU E
TORONTO: Rory McIlroy may not
have added to his collection of ma-
jor titles during the 2018-19 cam-
paign, but the Northern Irishman
did enough to be named the PGA
Tour Player of the Year on Wednes-
day for the third time.
The 30-year-old golfer, who
won three titles during the sea-
son including the Players Cham-
pionship and Tour Champion-
ship, beat Brooks Koepka,
Matt Kuchar, and Xander
Schauffele in a vote by
players for the Jack Nick-
laus Award.
“I couldn’t be more
proud of what I achieved
this year,” McIlroy, who had 14 top-
10 finishes in his 19 starts, said on
a conference call.
James hits the ground running
but Man Utd not yet up to speed
BY M A RT Y N HERMA N
LONDON: Manchester United’s re-
cord in the transfer market in recent
seasons has been more miss than
hit with the likes of Henrikh Mkh-
itaryan, Alexis Sanchez, Memphis
Depay, and Fred all failing to spark
for the Old Trafford club.
In former Swansea City winger
Daniel James (pic), however, they may
just have hit the jackpot with com-
parisons already being drawn with
their former Welsh flyer Ryan Giggs.
United host Leicester City to-
morrow aiming to kick-start their
season, having managed only one
win from their opening four Pre-
mier League games.
A haul of five points,
seven fewer than lead-
ers and arch-rivals Liv-
erpool, may ordi-
narily have the
REUTERS
“I wanted to try to bring my best victories, the final one at the sea-
every single week that I played, and son-ending Tour Championship
I feel like I did that to the best of
my ability.”
McIlroy, who won
the award in 2012 and
2014, made 17 of 19 cuts
while racking up three
McIlroy admits
he is surprised
to win the award
over Koepka.
Photo by
Reuters
fans grumbling already but in James
they finally have a player capable of
quickening the pulse with his searing
pace and trickery.
Since joining from Champion-
ship club Swansea for a reported
£15 million (RM77 million), James
has netted three times in the league,
including on his debut in the 4-0
hammering of Chelsea. He also
scored superb goals in the 2-1 de-
feat by Crystal Palace and in the 1-1
draw with Southampton.
He was on target again for Wales
against Belarus during the interna-
tional break and Giggs, his nation-
al team manager, is effusive in his
praise for the 21-year-old, who is
already looking like one of the best
signings in the transfer window.
“He’s one of those players
[whom] you know what he’s go-
ing to do, but you can’t stop it,”
Giggs said this week, referring to
James’ incredible dribbling speed
and ability to cut in from the left,
where he often plays despite be-
ing right-sided, and hit the target.
James can become only the sec-
ond United player to score in his
first three league games at Old Traf-
ford after current manager Ole
Gunnar Solskjaer in 1996.
But while he has hit the ground
running, United are not yet up to
speed and the optimism engendered
by the Chelsea win has been replaced
by the cold reality that United are still
way behind champions Manchester
City and Liverpool.
Leicester, on the other hand, have
started the season impressively and
sit at third place after two wins and
two draws with striker Jamie Vardy
looking back to his best.
Saturday’s clash will be an
acid test for both clubs. — Reuters
in Atlanta where he also claimed
the FedEx Cup for
a US$15 million
(RM62.55 mil-
lion) payday.
Andreescu: A bit
more celebrating,
then back to work
BY S TE V E K E ATI NG
TORONTO: US Open champi-
on Bianca Andreescu returned
to her hometown a conquering
hero on Wednesday with a little
more celebrating to do before
getting back to work and setting
new goals, such as staying inju-
ry-free. Looking weary after a
whirlwind media tour of New
York, Andreescu said she was
running on adrenaline after her
shock straight-set win over 23-
time Grand Slam champion Ser-
ena Williams in the final of the
US Open on Saturday.
The celebrations are expected
to become a regular thing for An-
dreescu, whom pundits predict
will soon climb to No 1 in the
world rankings and win many
more Grand Slams.
The future seems impossibly
bright for the 19-year-old Ca-
nadian, but her meteoric rise
has not come without challenges
particularly with injuries, which
at one point threatened to derail
her breakthrough season.
“If I’m healthy then I think I
can do even bigger things in this
sport,” Andreescu told reporters.
“One of an athlete’s biggest en-
emies I think is being injured.
“I think the main goal right
now is to stay as healthy as I can
because I’ve been injured quite
a bit in my short career.”
FR I DAY SEP TEM B ER 1 3 , 2 0 1 9 • TH EEDGE F I N AN C I AL DAI LY
The four-time major champion’s
other victory came in his RBC Ca-
nadian Open debut, where he set
a tournament record and won by
seven shots — the largest winning
margin of the season.
But when it came to the majors,
McIlroy finished tied for 21st at the
Masters, tied for eighth at the PGA
Championship, tied for ninth at
the US Open, and missed the cut
at the British Open in his native
Northern Ireland.
McIlroy admitted he was sur-
prised to win the award over
Koepka, who last month was
named PGA of America Player
of the Year and considered the
front runner after finishing in the
top five at each major, including
at the PGA Championship where
he picked up his fourth major ti-
tle. — Reuters
Not yet out of her teens, An-
dreescu has already spent a good
chunk of her young career bat-
tling back, leg, and shoulder is-
sues that caused her to miss a big
chunk of the clay-court campaign
and all of the grass-court season,
including Wimbledon.
But on the North American
hard courts, Andreescu looked
invincible.
She beat Williams in the fi-
nal of the Rogers Cup in August
to become the first Canadian
to win the national title in 50
years then staged a remarkable
run to the trophy in Flushing
Meadows.
Having won her first Grand
Slam, two of the WTA Tour’s
elite events in Toronto and In-
dian Wells, and shot to No 5 in
the world rankings, Andreescu
has had to do a quick reset of her
goals, having already far exceed-
ed her targets for 2019.
Now she is focused on qualify-
ing for season-ending WTA Tour
finals, climbing further up the
rankings and representing Can-
ada at the 2020 Tokyo Olympics.
“I have pretty big expecta-
tions for myself,” said Andreescu.
“I kind of have an idea. I want
to do well in my next couple of
tournaments in Asia to hope-
fully qualify for the WTA Tour
finals in China and crack the
top three.” — Reuters
IN BRIEF
Semenya to receive gold
medal from 2011 World
Athletics Championships
CAPE TOWN: Olympic 800m
champion Caster Semenya will
be officially awarded her gold
medal from the 2011 World
Athletics Championships at
this year’s edition in Doha, but
will not be there to receive it.
Semenya was elevated to the
gold-medal position two years
ago when Russian athlete Mari-
ya Savinova, who sped past her
on the final straight, was later
disqualified for doping viola-
tions. Athletics South Africa
confirmed yesterday that Se-
menya would not be in Doha
to receive the medal person-
ally during an International
Association of Athletics Fed-
erations ceremony, but that a
representative would collect it
on her behalf. — Reuters
Williams in Jamaica
team for Doha despite
positive doping test
KINGSTON: Briana Williams
was named in Jamaica’s team
for the World Athletics Cham-
pionships in Doha on Wednes-
day despite facing a hearing
into a positive doping test.
The inclusion of the world un-
der-20 double sprint champi-
on in Jamaica’s 55-member
squad is contingent on the
outcome of her disciplinary
hearing, which is set for Sept
23-25 here. “We have entered
Briana Williams in the 100m
and the 4x100m relay, sub-
ject of course to clearance,”
Lincoln Eatmon, the second
vice president of the Jamaica
Athletics Administrative Asso-
ciation, told a news conference
here. — Reuters
Coleman wants apology
from USADA over
whereabouts charge
CARY: Christian Coleman
wants an apology from the
US Anti-Doping Agency (US-
ADA) now that it has dropped
a whereabouts charge against
him, the American sprinter said
on Wednesday. “I can afford a
lawyer and have the best peo-
ple defending me but a lot of
people don’t make a lot of mon-
ey and if you’re a lower-name
you might get run over by US-
ADA,” he said. “I feel you can’t
put a price on the fact [that] I
have to deal with this situation
... and the smear [on] my rep-
utation.” — Reuters
Murray prolongs Asian
swing with Shanghai
Masters wild card
BENGALURU: Former world
No 1 Andy Murray will return
to the Shanghai Masters for the
first time since 2016 after the
Briton was awarded a wild card
for the tournament, organisers
said yesterday. “I’m really look-
ing forward to be going back to
Shanghai, a tournament I have
had success at in the past — the
last time I was there was in 2016,”
Murray said in a statement. “It’s
great to be able to continue my
comeback and play more tennis
in China.” — Reuters
FRIDAY S E P T E MB E R 1 3 , 20 1 9 • 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)
0.850 0.565 0.850 0.800 7168 PRG 0.845 UNCH 2353.4 0.835 — — 306.7
Sectorial Movement 0.728 0.410 0.550
0.305 0.190 0.220
0.540
0.215
8966
0186
PRLEXUS
PTRANS
0.540
0.220
-0.005
0.005
104.8
1867.8
0.546
0.217
—
8.56
2.78
4.32
97.6
313.0
0.920 0.686 0.735 0.700 7134 PWF 0.725 -0.025 688.1 0.705 9.59 3.45 126.1
INDICES CLOSE +/- %CHG INDICES CLOSE +/- %CHG 2.120 1.332 2.090 2.020 7237 PWROOT 2.040 -0.040 284.9 2.048 25.60 4.07 822.2
FBM KLCI 1,601.00 -1.30 -0.08 CONSTRUCTION 208.12 0.04 0.02 7.575 5.937 6.960 6.900 7084 QL 6.960 0.050 370.1 6.943 50.51 0.65 11,292.2
0.420 0.280 0.300 0.285 9946 REX 0.300 UNCH 9 0.297 — — 74.0
FBM ACE 4,528.79 23.06 0.51 CONSUMER PRODUCTS & SERVICES 651.08 -1.28 -0.20 0.238 0.175 0.180 0.180 0037 RGB 0.180 0.005 3686.9 0.180 8.14 3.89 278.4
FBM TOP 100 11,117.88 -9.93 -0.09 ENERGY 1,072.66 -12.08 -1.11 0.845 0.652 0.700 0.700 5278 RHONEMA 0.700 UNCH 1 0.700 14.20 4.29 127.8
FBM EMAS 11,283.07 -8.79 -0.08 FINANCIAL SERVICES 15,550.39 -10.71 -0.07 0.695 0.276 0.695 0.625 0183 SALUTE 0.675 0.055 14975 0.663 — 3.56 261.9
0.310 0.165 0.175 0.170 5252 SASBADI 0.175 0.005 353 0.170 92.11 — 73.3
FBM MID 70 13,873.12 -16.14 -0.12 HEALTH CARE 1,267.74 1.88 0.15 0.450 0.260 0.280 0.280 5157 SAUDEE 0.280 0.010 3 0.280 — — 38.4
FBM MIDS CAP 13,946.51 21.94 0.16 INDUSTRIAL PRODUCTS & SERVICES 152.89 1.90 1.26 0.675 0.577 0.630 0.625 9792 SEG 0.630 UNCH 169.8 0.627 18.21 4.37 796.7
FBM SMALL CAP 13,020.31 23.26 0.18 PLANTATION 6,802.31 -43.43 -0.63 1.560 1.199 1.500 1.420 5250 SEM 1.500 0.050 917 1.472 31.32 1.60 1,850.1
0.625 0.440 0.570 0.560 7180 SERNKOU 0.570 0.005 288 0.563 11.83 — 136.8
FBM FLEDGLING 14,301.67 41.73 0.29 PROPERTY 789.15 2.93 0.37 5.900 4.770 — — 5517 SHANG 5.250 — — — 37.42 2.86 2,310.0
FTSE4GOOD BURSA M’SIA 889.89 -0.36 -0.04 REAL ESTATE INVESTMENT TRUSTS 1,007.63 -3.42 -0.34 0.750 0.415 0.505 0.490 7412 SHH 0.505 0.040 48.5 0.500 — — 25.2
FBM PALM OIL PLANTATION MYR 11,734.51 59.18 0.51 TECHNOLOGY 33.78 0.25 0.75 0.565 0.315 0.465 0.445 7246 SIGN 0.445 -0.005 37 0.446 44.50 3.37 106.9
2.646 2.022 2.350 2.300 4197 SIME 2.320 UNCH 10874 2.322 16.57 3.88 15,777.9
FBM EMAS SHARIAH 11,806.41 -10.74 -0.09 TELECOMMUNICATION & MEDIA 698.44 -0.26 -0.04 0.470 0.180 — — 8532 SINOTOP 0.195 — — — 22.67 — 77.0
FBM HIJRAH SHARIAH 13,123.69 -11.96 -0.09 TRANSPORTATION & LOGISTICS 775.29 8.44 1.10 0.250 0.105 0.140 0.135 9776 SMCAP 0.140 UNCH 114 0.140 — — 29.9
0.310 0.210 — — 7943 SNC 0.235 — — — — — 15.5
FBM MIDS CAP SHARIAH 13,336.19 36.01 0.27 UTILITIES 975.92 -7.93 -0.81
0.345 0.200 0.270 0.260 5242 SOLID 0.270 UNCH 58.9 0.262 75.00 0.74 105.9
2.400 1.965 — — 7103 SPRITZER 2.280 — — — 18.17 1.54 478.8
0.680 0.582 — — 0301 SUPREME 0.680 — — — 15.70 0.62 81.6

Bursa Malaysia Main Market 0.790 0.500

0.267 0.175 0.185
0.420 0.240
—

—
—
0.185
—
7186
7082
7211
SWSCAP
SYF
TAFI
0.700
0.185
0.240
UNCH
—

—
—
100
—
—
0.185
—
—
—
—
—
6.76
—
127.6
114.6
19.2
YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP 1.702 1.294 1.380 1.370 4405 TCHONG 1.380 0.020 8.2 1.376 7.22 2.90 927.4
1.550 0.695 — — 7439 TECGUAN 1.050 — — — 5.02 — 42.1
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) 0.335 0.210 0.245 0.230 7200 TEKSENG 0.240 0.005 113.3 0.233 — — 83.6
CONSUMER PRODUCTS & SERVICES 1.391 0.697 1.120 1.100 7252 TEOSENG 1.110 0.010 370.4 1.109 6.46 4.95 333.0
0.985 0.700 — — 0012 3A 0.840 — — — 11.60 2.38 413.3 1.150 0.866 1.120 1.120 9369 TGL 1.120 UNCH 1.6 1.120 7.26 4.46 45.6
0.315 0.170 0.180 0.175 5238 AAX 0.175 UNCH 2500.9 0.177 — — 725.9 0.588 0.440 0.465 0.445 7230 TOMEI 0.465 0.005 4.2 0.446 11.07 2.15 64.4
0.490 0.335 — — 7120 ACOSTEC 0.360 — — — — — 70.0 0.460 0.300 — — 7176 TPC 0.320 — — — 8.21 — 74.8
1.949 1.345 1.540 1.490 6599 AEON 1.500 -0.010 1173.1 1.506 17.63 2.67 2,106.0 5.988 4.177 5.080 4.980 4588 UMW 4.980 -0.140 82.4 5.020 16.25 1.51 5,818.1
0.185 0.115 0.125 0.120 7315 AHB 0.125 0.005 185 0.123 14.53 — 22.0 2.315 1.977 2.190 2.190 7757 UPA 2.190 0.020 1 2.190 17.06 3.65 174.3
2.404 1.950 2.080 2.040 7090 AHEALTH 2.050 0.050 71.8 2.047 17.08 1.68 966.9 0.970 0.770 0.910 0.900 7240 VERTICE 0.905 0.005 519.5 0.905 — — 170.8
2.157 1.309 1.820 1.780 5099 AIRASIA 1.800 -0.020 10350 1.799 10.47 13.33 6,015.6 1.253 0.910 — — 7203 WANGZNG 0.980 — — — 15.63 4.08 156.8
21.695 16.636 16.900 16.800 2658 AJI 16.800 -0.080 8.4 16.84 17.27 2.80 1,021.4 2.268 2.021 — — 5016 WARISAN 2.140 — — — — 1.87 143.8
6.765 5.391 5.990 5.910 6351 AMWAY 5.950 -0.020 16.1 5.941 14.34 3.36 978.1 0.160 0.070 0.085 0.085 5156 XDL 0.085 0.005 30 0.085 10.24 — 153.4
0.030 0.005 0.015 0.005 5194 APFT 0.015 0.005 2016.1 0.010 1.22 — 20.1 0.540 0.375 0.380 0.375 7121 XIANLNG 0.380 UNCH 40 0.376 — — 30.4
4.072 3.550 3.900 3.880 6432 APOLLO 3.890 UNCH 43.6 3.882 18.91 5.14 311.2 2.340 1.769 2.130 2.130 5584 YEELEE 2.130 0.010 12 2.130 12.82 1.88 408.1
0.160 0.105 0.125 0.125 1481 ASB 0.125 UNCH 98 0.125 — 2.00 116.1 1.206 0.924 1.030 1.020 5159 YOCB 1.020 UNCH 9 1.026 7.14 4.41 163.2
0.570 0.325 0.500 0.500 7722 ASIABRN 0.500 UNCH 6.9 0.500 10.64 — 116.3 3.272 2.210 2.320 2.300 7178 YSPSAH 2.300 UNCH 4.4 2.314 13.02 3.04 321.0
2.628 2.316 2.420 2.400 7129 ASIAFLE 2.420 UNCH 8.9 2.410 9.52 5.79 471.3 1.659 1.135 1.540 1.520 5131 ZHULIAN 1.520 UNCH 132 1.530 11.35 5.26 699.2
4.740 3.871 — — 7048 ATLAN 4.190 — — — 26.84 3.58 1,062.8 INDUSTRIAL PRODUCTS & SERVICES
0.325 0.115 0.130 0.120 8885 AVI 0.125 UNCH 1033.1 0.126 — — 118.1 0.100 0.070 0.070 0.070 7086 ABLEGRP 0.070 UNCH 83.8 0.070 — — 18.5
0.170 0.160 — — 0301 BABA 0.170 — — — — — 38.2 0.605 0.350 0.510 0.490 7191 ADVENTA 0.510 0.015 58.5 0.508 — — 77.9
37.306 18.340 19.900 18.900 4162 BAT 19.800 1.000 981.4 19.50 13.24 7.22 5,653.5 2.250 1.740 — — 9148 ADVPKG 1.960 — — — 192.1 3.06 40.2
2.780 1.659 2.420 2.310 5248 BAUTO 2.360 0.060 3588.1 2.366 10.51 6.04 2,745.6 0.140 0.080 0.100 0.100 7146 AEM 0.100 0.010 1 0.100 — — 32.9
1.799 1.264 1.540 1.510 5196 BJFOOD 1.520 UNCH 925 1.528 24.56 2.63 580.9 0.710 0.385 0.530 0.525 5198 AFUJIYA 0.525 0.035 420 0.529 19.37 — 94.5
0.305 0.150 0.220 0.210 4219 BJLAND 0.215 UNCH 1324.8 0.214 8.43 — 1,075.1 0.335 0.200 0.230 0.230 2682 AISB 0.230 0.005 26.9 0.230 — — 33.2
2.780 1.908 2.700 2.670 1562 BJTOTO 2.680 -0.010 2224.6 2.681 20.38 5.97 3,620.8 0.630 0.410 0.420 0.415 7609 AJIYA 0.420 0.010 25 0.419 5.82 — 127.9
0.360 0.205 0.275 0.265 9288 BONIA 0.275 0.010 262.1 0.270 11.90 1.82 221.7 0.895 0.420 0.485 0.485 2674 ALCOM 0.485 -0.005 2.1 0.485 23.66 — 65.2
0.305 0.055 0.175 0.160 9474 BRAHIMS 0.165 -0.005 1749.4 0.164 — — 39.0 1.293 0.920 1.080 1.080 7083 ANALABS 1.080 -0.020 12.5 1.080 30.86 1.85 129.7
0.868 0.400 0.410 0.405 7174 CAB 0.410 0.005 340.8 0.407 20.81 1.22 270.0 0.614 0.440 0.475 0.465 4758 ANCOM 0.470 0.005 22.9 0.471 6.84 — 113.2
0.605 0.320 0.355 0.335 7154 CAELY 0.335 -0.005 34 0.336 55.83 1.49 54.9 1.814 1.110 1.300 1.240 6556 ANNJOO 1.290 0.050 558.4 1.282 29.93 9.30 722.3
0.295 0.210 — — 7128 CAMRES 0.220 — — — 15.83 — 43.3 0.055 0.025 0.030 0.030 9342 ANZO 0.030 UNCH 120 0.030 — — 26.4
2.300 1.500 2.250 2.180 5245 CARING 2.230 -0.020 51 2.214 23.40 2.24 485.5 0.880 0.500 — — 5568 APB 0.585 — — — — — 66.0
26.790 16.463 25.500 25.000 2836 CARLSBG 25.200 -0.100 307.6 25.19 27.01 3.67 7,704.8 3.413 2.360 2.450 2.440 5015 APM 2.450 0.010 5.5 2.449 14.98 4.90 493.9
2.000 1.230 1.330 1.280 2925 CCB 1.320 0.040 3.7 1.288 — — 133.0 0.630 0.469 — — 7214 ARANK 0.480 — — — 6.63 4.83 81.4
0.847 0.355 0.505 0.490 7035 CCK 0.505 0.010 916.2 0.498 13.54 2.48 318.5 0.605 0.186 0.345 0.310 7181 ARBB 0.340 0.030 28033 0.334 1.81 — 79.7
0.390 0.270 0.300 0.300 7209 CHEETAH 0.300 UNCH 1.5 0.300 93.75 1.33 38.3 0.872 0.581 — — 7162 ASTINO 0.700 — — — 9.27 1.43 191.9
1.850 1.210 1.400 1.280 2828 CIHLDG 1.300 -0.050 47.6 1.320 11.05 7.69 210.6 1.880 1.340 1.400 1.350 8176 ATAIMS 1.380 -0.030 19.7 1.369 14.98 2.38 1,662.0
0.095 0.060 0.070 0.065 5104 CNI 0.065 -0.010 924.6 0.070 — 4.62 46.8 0.850 0.410 0.430 0.430 7099 ATTA 0.430 0.010 35 0.430 12.68 — 91.7
0.065 0.025 0.040 0.040 5188 CNOUHUA 0.040 -0.005 456.2 0.040 — — 26.7 0.918 0.580 0.605 0.600 7579 AWC 0.600 -0.005 148.3 0.601 8.44 1.25 177.9
2.153 1.800 1.880 1.870 7205 COCOLND 1.880 -0.020 2 1.875 12.79 3.19 430.1 0.405 0.295 — — 5021 AYS 0.300 — — — 10.95 6.67 114.1
0.085 0.005 0.065 0.065 0301 CRG 0.065 -0.005 14 0.065 18.06 — 52.4 1.400 1.120 1.280 1.230 8133 BHIC 1.280 UNCH 3.4 1.272 — 2.73 318.0
1.282 1.010 — — 7202 CSCENIC 1.020 — — — 16.06 6.86 122.9 0.515 0.260 0.305 0.295 7005 BIG 0.300 -0.005 50.3 0.302 7.33 — 14.4
0.540 0.400 — — 9423 CWG 0.500 — — — 12.17 3.00 63.1 0.170 0.110 0.120 0.115 6998 BINTAI 0.120 UNCH 288.4 0.118 3.03 — 34.8
0.040 0.025 0.030 0.025 7179 DBE 0.030 UNCH 30 0.027 — — 80.3 0.325 0.245 0.260 0.255 3395 BJCORP 0.255 UNCH 2263 0.256 — — 1,329.8
1.050 0.840 — — 7119 DEGEM 0.840 — — — 82.35 1.19 112.6 0.766 0.485 0.585 0.580 0168 BOILERM 0.580 UNCH 540.6 0.583 10.64 3.45 299.3
3.420 2.062 2.560 2.530 5908 DKSH 2.550 0.010 26.3 2.545 13.07 3.92 402.0 0.060 0.040 0.045 0.040 7036 BORNOIL 0.045 UNCH 2406.5 0.044 — — 240.3
64.555 58.442 61.800 60.000 3026 DLADY 60.600 -1.400 57.6 60.46 33.53 1.65 3,878.4 1.350 0.865 — — 6297 BOXPAK 1.100 — — — — — 132.1
1.480 0.898 1.400 1.380 7148 DPHARMA 1.380 -0.010 1115.1 1.389 16.65 3.99 938.5 1.128 0.833 — — 5100 BPPLAS 0.980 — — — 8.79 5.61 183.9
3.000 1.600 2.530 2.470 1619 DRBHCOM 2.480 -0.010 7444.2 2.501 20.34 1.21 4,794.4 0.220 0.140 — — 9938 BRIGHT 0.175 — — — — — 35.9
0.155 0.075 0.095 0.095 2097 EASTLND 0.095 UNCH 43 0.095 — — 28.0 0.445 0.260 0.295 0.285 7221 BSLCORP 0.295 0.005 10.1 0.285 15.45 — 28.9
0.675 0.530 — — 5081 EIG 0.660 — — — 17.01 4.55 156.5 1.953 0.995 1.120 1.080 2771 BSTEAD 1.110 0.040 1657.6 1.104 — 4.50 2,250.0
0.075 0.035 — — 7182 EKA 0.050 — — — — — 15.6 0.175 0.070 0.105 0.100 7188 BTM 0.105 0.005 31 0.100 — — 14.8
0.215 0.150 — — 9091 EMICO 0.160 — — — 13.68 — 16.9 3.941 1.807 3.220 3.170 5105 CANONE 3.170 -0.030 126.6 3.195 4.06 1.26 609.1
0.130 0.090 — — 0302 ENEST 0.130 — — — 19.40 — 60.5 0.015 0.010 — — 5229 CAP 0.010 — — — — — 13.6
1.120 0.797 — — 7149 ENGKAH 1.000 — — — 9.14 6.00 70.8 1.354 0.815 0.850 0.815 7076 CBIP 0.815 -0.015 78 0.827 22.70 4.91 438.7
0.195 0.155 — — 0302 ETH 0.190 — — — — — 46.7 2.168 1.570 1.600 1.570 2879 CCM 1.570 -0.020 165.9 1.581 11.74 3.82 263.3
0.205 0.080 — — 7208 EURO 0.105 — — — — — 28.1 0.845 0.630 — — 8435 CEPCO 0.845 — — — — — 63.1
0.700 0.320 0.400 0.400 7094 EUROSP 0.400 UNCH 6.5 0.400 — — 17.8 0.290 0.260 — — 0302 CETECH 0.285 — — — 17.70 0.35 98.6
37.707 28.688 35.300 34.960 3689 F&N 35.300 0.100 261.8 35.22 30.58 1.63 12,947 1.360 0.900 — — 8044 CFM 1.110 — — — — — 45.5
0.959 0.620 0.630 0.620 2755 FCW 0.630 0.010 7.3 0.630 252.00 15.87 157.5 0.880 0.420 — — 8052 CGB 0.525 — — — — — 47.3
0.505 0.428 0.495 0.490 6939 FIAMMA 0.490 UNCH 11.1 0.490 7.21 4.59 249.9 0.450 0.275 0.285 0.275 7187 CHGP 0.285 0.005 30 0.282 41.30 — 84.7
0.523 0.277 0.400 0.395 8605 FIHB 0.395 -0.005 105 0.396 5.91 — 43.1 0.910 0.618 0.785 0.780 5273 CHINHIN 0.780 -0.005 272.8 0.784 17.85 3.21 434.0
1.955 1.247 1.650 1.630 9172 FPI 1.650 UNCH 192.2 1.643 10.29 6.06 408.1 1.945 1.508 1.660 1.660 5007 CHINWEL 1.660 UNCH 30 1.660 8.47 4.73 497.2
3.170 0.680 2.370 2.280 7184 G3 2.340 0.010 136.4 2.328 — — 970.4 1.759 1.320 — — 5797 CHOOBEE 1.510 — — — 14.70 3.31 198.9
4.196 1.979 3.950 3.880 5102 GCB 3.900 -0.030 432.1 3.899 8.40 0.77 1,872.6 0.500 0.221 0.475 0.450 7016 CHUAN 0.465 UNCH 42.6 0.465 9.39 2.37 78.4
0.520 0.400 — — 5592 GCE 0.465 — — — — 4.30 91.6 0.045 0.035 — — 7018 CME 0.035 — — — — — 20.4
4.876 2.654 3.270 3.210 4715 GENM 3.250 0.040 11361 3.246 — 3.38 19,298.6 3.824 2.260 2.340 2.310 2852 CMSB 2.310 UNCH 467.5 2.323 11.58 3.20 2,481.8
8.043 5.799 5.910 5.830 3182 GENTING 5.860 0.020 13410 5.867 14.65 2.47 22,718.6 0.545 0.365 — — 7986 CNASIA 0.465 — — — 31.21 — 23.2
0.415 0.100 0.180 0.175 5079 GETS 0.180 0.010 1220 0.175 — — 22.7 1.370 0.735 0.935 0.920 5071 COASTAL 0.920 -0.005 85.7 0.922 33.45 — 489.3
0.165 0.105 0.130 0.120 0136 GREENYB 0.130 0.005 70.5 0.126 9.49 — 43.4 0.180 0.045 0.065 0.065 7195 COMCORP 0.065 UNCH 40 0.065 — — 9.1
4.127 2.110 2.390 2.350 7668 HAIO 2.350 -0.020 189.3 2.365 14.30 5.53 705.7 1.040 0.741 0.810 0.795 2127 COMFORT 0.800 0.005 542.6 0.802 15.50 1.88 466.4
3.780 3.227 3.700 3.630 5008 HARISON 3.630 UNCH 4.5 3.677 10.63 5.51 248.6 0.030 0.015 0.020 0.015 5037 COMPUGT 0.015 -0.005 60 0.016 — — 36.7
0.135 0.055 — — 5187 HBGLOB 0.090 — — — 2.62 — 42.1 1.194 0.939 1.010 0.995 5094 CSCSTEL 1.000 -0.010 170.1 1.000 20.37 4.00 380.0
25.200 17.019 24.620 24.160 3255 HEIM 24.560 -0.040 209.4 24.58 24.95 3.91 7,419.5 0.630 0.350 — — 7157 CYL 0.380 — — — — 10.53 38.0
11.600 8.153 10.380 10.240 3301 HLIND 10.360 -0.020 7.8 10.345 9.94 3.86 3,397.1 0.400 0.300 — — 5082 CYMAO 0.340 — — — — — 25.5
0.727 0.545 0.640 0.625 5160 HOMERIZ 0.625 UNCH 456.8 0.631 7.83 5.60 187.5 1.736 1.250 1.340 1.320 5184 CYPARK 1.320 UNCH 104.5 1.327 7.54 2.95 617.0
1.048 0.890 0.910 0.905 5024 HUPSENG 0.905 -0.005 129.4 0.907 17.21 6.63 724.0 2.370 1.550 1.740 1.740 8125 DAIBOCI 1.740 0.020 1 1.740 45.55 1.93 570.5
0.375 0.240 — — 8478 HWATAI 0.260 — — — — — 19.5 0.655 0.361 0.510 0.505 5276 DANCO 0.510 0.005 207.1 0.506 9.62 3.43 155.0
0.490 0.180 0.360 0.340 9113 ICONIC 0.340 0.005 18564 0.349 — — 110.1 0.355 0.120 0.220 0.215 7212 DESTINI 0.215 -0.005 1286.6 0.216 — — 248.4
0.080 0.020 0.030 0.025 7243 IMPIANA 0.030 0.005 7308.4 0.029 — — 167.9 0.755 0.315 0.375 0.360 7114 DNONCE 0.375 UNCH 52.9 0.370 — — 98.0
1.510 0.770 — — 5107 IQGROUP 0.780 — — — — — 68.7 0.280 0.080 0.165 0.165 5835 DOLMITE 0.165 -0.005 110 0.165 — — 47.0
0.070 0.030 0.050 0.050 7223 JADI 0.050 -0.005 1270 0.050 10.00 — 51.8 0.170 0.070 0.090 0.085 5265 DOLPHIN 0.090 0.005 269.5 0.085 — — 22.0
1.100 0.770 0.945 0.935 7152 JAYCORP 0.940 -0.010 99.1 0.940 6.43 3.19 129.0 1.326 1.181 1.250 1.250 7169 DOMINAN 1.250 -0.010 5.1 1.250 9.05 5.60 206.6
0.420 0.325 — — 8931 JERASIA 0.350 — — — 12.68 2.86 28.7 2.546 1.823 2.430 2.300 7233 DUFU 2.380 -0.020 1549.5 2.372 12.98 1.51 626.4
1.577 0.800 1.380 1.370 7167 JOHOTIN 1.370 UNCH 67.8 1.376 9.24 4.74 425.3 2.000 0.485 0.570 0.560 7165 DWL 0.570 UNCH 601.7 0.565 — — 132.7
0.380 0.260 — — 8672 KAMDAR 0.320 — — — 290.91 — 63.4 0.380 0.075 0.085 0.080 5178 DYNACIA 0.085 0.005 1708 0.085 — — 40.8
0.798 0.375 0.480 0.450 5247 KAREX 0.455 -0.015 5119.1 0.465 175.00 1.10 456.1 3.500 2.235 3.500 3.350 1368 EDGENTA 3.500 0.050 479.1 3.483 19.08 4.00 2,910.7
2.250 1.180 1.250 1.250 7216 KAWAN 1.250 -0.010 20 1.250 26.43 2.00 449.4 0.260 0.165 0.175 0.165 0064 EFFICEN 0.170 UNCH 123.2 0.167 — — 120.6
0.225 0.080 0.165 0.165 8303 KFM 0.165 0.005 20 0.165 — — 11.3 0.565 0.355 0.405 0.375 8907 EG 0.375 UNCH 494.9 0.389 7.81 — 103.1
0.656 0.165 0.325 0.290 6203 KHEESAN 0.305 -0.015 18327 0.312 6.84 3.28 34.9 1.565 1.158 1.420 1.390 5208 EITA 1.420 0.040 6.7 1.414 10.52 4.23 184.6
1.880 1.400 1.630 1.630 7062 KHIND 1.630 0.110 1 1.630 34.53 — 65.3 0.990 0.710 0.760 0.720 9016 EKSONS 0.720 0.010 4.3 0.747 — 6.94 118.2
1.940 1.566 — — 0002 KOTRA 1.780 — — — 11.40 3.37 256.4 0.565 0.345 0.370 0.360 7217 EMETALL 0.370 0.005 20 0.365 102.7 — 69.7
0.980 0.295 0.970 0.900 7130 KPOWER 0.930 0.035 1766.1 0.934 442.86 — 70.8 0.996 0.580 0.615 0.600 5056 ENGTEX 0.610 UNCH 108.2 0.606 — 1.23 270.4
0.140 0.055 0.100 0.095 5172 KSTAR 0.095 UNCH 7220.5 0.100 — — 40.4 0.470 0.315 0.330 0.325 7773 EPMB 0.325 -0.045 2 0.325 — — 53.9
0.195 0.050 0.090 0.085 4847 KTB 0.090 0.005 134 0.085 — — 36.3 0.580 0.245 0.275 0.255 5101 EVERGRN 0.270 0.015 1915.9 0.268 — 1.78 228.5
0.660 0.410 0.475 0.455 1643 LANDMRK 0.455 -0.030 72 0.460 — — 240.6 1.330 1.050 1.240 1.240 2984 FACBIND 1.240 -0.010 11.5 1.240 93.94 — 105.6
4.065 2.890 2.940 2.890 7006 LATITUD 2.910 -0.040 185.5 2.909 14.64 1.03 282.9 2.850 2.091 2.740 2.700 7229 FAVCO 2.720 -0.010 99.3 2.715 7.36 4.96 606.8
0.708 0.325 0.405 0.400 9385 LAYHONG 0.405 0.005 761 0.405 37.50 1.23 267.4 0.320 0.305 — — 0302 FBBHD 0.320 — — — 21.62 — 69.1
1.051 0.630 — — 8079 LEESK 0.705 — — — 11.56 3.55 118.3 0.580 0.330 0.440 0.395 0149 FIBON 0.440 0.080 4 0.398 15.22 1.70 43.1
1.190 0.720 0.830 0.815 6633 LHI 0.815 -0.005 1563.2 0.823 14.40 — 2,974.8 1.886 1.630 1.790 1.760 3107 FIMACOR 1.760 -0.030 5 1.779 7.66 7.10 431.7
3.122 2.438 2.940 2.930 7089 LIIHEN 2.940 0.010 79.3 2.933 7.39 5.27 529.2 0.560 0.365 0.390 0.375 9318 FITTERS 0.385 0.005 2911.5 0.386 10.24 — 185.0
0.630 0.105 0.150 0.140 7126 LONBISC 0.145 -0.005 2584.3 0.141 46.77 — 42.2 1.810 1.000 1.030 1.020 5197 FLBHD 1.030 0.010 46.5 1.025 6.39 14.08 109.9
1.389 0.774 1.360 1.350 7085 LTKM 1.350 -0.010 175.5 1.350 7.52 1.48 175.6 0.390 0.199 0.385 0.365 5277 FPGROUP 0.370 -0.005 5205.3 0.374 16.23 2.70 192.4
5.850 3.767 5.830 5.780 7087 MAGNI 5.790 0.010 253.5 5.797 9.18 2.42 942.2 1.100 0.415 — — 7197 GESHEN 0.420 — — — — — 33.6
2.870 1.688 2.870 2.810 3859 MAGNUM 2.840 0.010 2005.7 2.847 29.55 5.99 4,083.2 0.545 0.360 0.375 0.365 5220 GLOTEC 0.375 0.005 775.1 0.374 15.24 — 100.9
0.140 0.115 0.115 0.115 3514 MARCO 0.115 UNCH 100 0.115 8.71 2.61 121.2 0.285 0.145 0.170 0.150 7192 GOODWAY 0.170 0.020 34.8 0.163 — — 20.7
0.015 0.005 — — 5189 MAXWELL 0.010 — — — — — 4.0 0.145 0.080 — — 7096 GPA 0.105 — — — — — 103.0
1.270 0.748 1.250 1.250 5886 MBG 1.250 0.010 4 1.250 74.85 1.20 76.0 0.259 0.160 0.195 0.195 5649 GPHAROS 0.195 0.005 10 0.195 92.86 6.51 26.7
4.470 1.774 4.400 4.260 5983 MBMR 4.270 -0.120 574.5 4.309 7.23 3.51 1,669.1 0.613 0.400 0.490 0.470 3247 GUH 0.490 0.020 20.9 0.478 64.47 — 136.2
0.430 0.185 0.430 0.400 7234 MESB 0.420 0.005 255.5 0.420 10.77 — 34.4 10.180 8.946 9.930 9.760 3034 HAPSENG 9.770 -0.120 204.7 9.847 38.31 3.58 24,324.2
0.235 0.177 — — 0301 MFGROUP 0.235 — — — 391.67 — 75.2 6.919 4.503 5.330 5.260 5168 HARTA 5.260 -0.070 1704.2 5.298 41.29 1.56 17,673.6
0.877 0.435 0.580 0.570 3662 MFLOUR 0.570 -0.005 1147.2 0.574 13.13 3.86 572.0 7.060 4.290 4.350 4.300 4324 HENGYUAN 4.310 0.010 338.4 4.314 — — 1,293.0
0.820 0.600 — — 7935 MILUX 0.800 — — — — — 43.5 0.864 0.501 0.525 0.515 5095 HEVEA 0.525 0.005 491.3 0.519 21.97 9.14 295.1
0.120 0.035 0.080 0.075 5166 MINDA 0.075 UNCH 290.9 0.075 — — 93.0 1.050 0.650 0.795 0.715 5151 HEXTAR 0.770 0.020 2.7 0.774 — — 631.9
3.640 1.100 1.150 1.120 5202 MSM 1.130 0.010 1114.5 1.133 62.09 — 794.4 0.806 0.637 0.725 0.720 3298 HEXZA 0.725 -0.005 13 0.721 13.40 6.90 145.3
0.025 0.005 0.010 0.010 5150 MSPORTS 0.010 UNCH 50 0.010 — — 6.1 0.440 0.190 0.205 0.195 5072 HIAPTEK 0.200 0.010 1972.7 0.197 — 2.50 268.8
0.255 0.145 0.195 0.190 3891 MUIIND 0.190 -0.005 361.5 0.194 — — 557.2 1.360 0.760 0.975 0.950 5199 HIBISCS 0.955 -0.020 7332.8 0.966 6.60 — 1,516.8
2.650 1.620 2.050 1.960 3905 MULPHA 2.010 UNCH 4.5 2.000 — — 642.4 1.655 1.030 — — 7033 HIGHTEC 1.060 — — — 10.89 1.89 43.0
1.519 1.311 1.360 1.360 5275 MYNEWS 1.360 -0.010 16.3 1.360 31.41 1.10 927.7 0.654 0.447 0.510 0.510 8443 HIL 0.510 -0.005 2.6 0.510 12.81 3.43 170.4
149.70 140.74 147.60 146.10 4707 NESTLE 146.200 -0.700 136.1 146.51 52.46 1.92 34,283 0.810 0.400 0.560 0.560 5165 HOKHENG 0.560 UNCH 9.8 0.560 — — 49.3
2.979 2.437 — — 7060 NHFATT 2.740 — — — 14.49 3.65 226.5 0.580 0.320 0.370 0.360 5291 HPMT 0.365 UNCH 230.7 0.366 — — 119.9
0.065 0.020 0.050 0.045 7139 NICE 0.050 UNCH 329 0.047 — — 35.1 1.290 0.760 0.795 0.760 0185 HSSEB 0.770 0.005 1356.1 0.780 — — 381.8
0.267 0.145 0.155 0.150 7215 NIHSIN 0.150 UNCH 43.8 0.152 — — 48.2 0.300 0.130 0.140 0.135 2739 HUAAN 0.135 UNCH 873.7 0.136 15.34 — 151.5
0.583 0.385 0.440 0.435 5066 NTPM 0.435 UNCH 749.2 0.436 56.49 3.68 488.6 1.690 0.456 1.100 1.040 5000 HUMEIND 1.080 0.040 457.4 1.074 — — 533.1
0.580 0.300 — — 5533 OCB 0.465 — — — — — 47.8 0.135 0.075 0.080 0.075 9601 HWGB 0.080 UNCH 38.5 0.076 — — 28.6
0.567 0.395 0.420 0.415 0049 OCNCASH 0.420 UNCH 92.7 0.415 17.80 2.17 103.0 2.330 1.850 2.230 2.230 7222 IMASPRO 2.230 -0.020 119 2.230 297.3 1.57 178.4
0.888 0.623 0.675 0.660 7107 OFI 0.660 -0.015 22 0.661 12.15 3.03 158.4 0.710 0.380 0.400 0.385 5673 IPMUDA 0.400 0.020 39 0.387 — — 29.0
0.135 0.090 0.105 0.105 3018 OLYMPIA 0.105 UNCH 14 0.105 15.22 — 107.5 0.160 0.075 0.100 0.100 7183 IRETEX 0.100 UNCH 250.4 0.100 55.56 — 18.5
6.670 5.528 6.490 6.470 4006 ORIENT 6.480 0.010 120.3 6.479 10.07 3.09 4,020.2 1.250 0.950 — — 7043 JADEM 1.120 — — — — — 142.0
1.028 0.460 0.590 0.575 5260 OWG 0.585 0.010 1339.1 0.583 — — 166.8 0.125 0.100 — — 8648 JASKITA 0.105 — — — — — 47.2
5.803 3.066 3.730 3.680 7052 PADINI 3.720 0.040 436.5 3.704 15.27 2.69 2,447.4 1.635 1.304 1.390 1.390 0058 JCBNEXT 1.390 UNCH 0.6 1.390 16.18 2.88 191.5
39.072 35.184 38.040 37.900 3719 PANAMY 37.980 -0.220 9.1 37.99 21.34 5.95 2,307.1 0.220 0.120 0.140 0.135 9083 JETSON 0.140 0.005 96.6 0.136 — — 29.6
0.460 0.291 — — 5022 PAOS 0.340 — — — 82.93 4.71 61.6 0.190 0.115 0.130 0.120 0054 KARYON 0.125 -0.005 510 0.123 14.71 3.60 59.5
0.350 0.230 0.320 0.320 9407 PARAGON 0.320 0.010 1 0.320 — — 22.4 0.630 0.480 — — 7199 KEINHIN 0.500 — — — 15.43 2.00 54.4
0.445 0.195 0.220 0.215 5657 PARKSON 0.215 UNCH 920.4 0.219 — — 235.2 1.800 1.410 1.740 1.730 6491 KFIMA 1.730 UNCH 85 1.739 8.18 5.20 488.3
0.635 0.185 0.440 0.430 6068 PCCS 0.435 UNCH 1311.6 0.436 4.46 2.30 91.4 1.410 0.867 1.270 1.250 0151 KGB 1.260 UNCH 233.9 1.258 16.94 1.43 392.4
0.590 0.285 0.345 0.335 5231 PELIKAN 0.335 -0.010 31 0.337 23.26 — 203.7 0.300 0.130 0.220 0.220 6211 KIALIM 0.220 -0.025 37.5 0.220 — — 13.6
0.590 0.340 0.390 0.390 9997 PENSONI 0.390 UNCH 18.2 0.390 90.70 — 50.6 1.360 1.080 1.140 1.120 5371 KIMHIN 1.130 0.030 8.5 1.130 — 4.42 175.8
0.685 0.215 0.655 0.640 7080 PERMAJU 0.645 UNCH 2326.9 0.648 — — 126.4 0.010 0.005 — — 5060 KINSTEL 0.005 — — — — — 5.2
27.850 21.069 23.800 23.060 5681 PETDAG 23.100 -0.780 373 23.38 29.39 3.03 22,948 1.520 0.775 1.400 1.390 9466 KKB 1.400 UNCH 48.5 1.397 15.52 2.86 360.9
0.170 0.130 0.130 0.130 4081 PMCORP 0.130 -0.010 132 0.130 15.85 — 100.5 0.440 0.070 0.380 0.365 7164 KNM 0.375 UNCH 12054 0.371 — — 977.0
0.120 0.035 0.060 0.055 1287 PMHLDG 0.055 -0.005 2487.5 0.060 — — 51.1 0.800 0.350 — — 5035 KNUSFOR 0.600 — — — — — 59.8
0.555 0.431 0.515 0.515 5080 POHKONG 0.515 0.005 338.3 0.515 8.73 1.94 211.3 1.730 1.180 1.560 1.560 6971 KOBAY 1.560 UNCH 8 1.560 8.54 — 159.3
1.597 1.250 1.460 1.450 7088 POHUAT 1.460 0.010 190.5 1.453 5.85 2.74 352.0 0.390 0.120 0.330 0.315 7017 KOMARK 0.325 0.005 4249.1 0.324 — — 55.8
19.600 16.679 18.620 18.480 4065 PPB 18.560 0.020 472.1 18.55 26.68 1.51 26,403 4.529 3.543 4.300 4.260 7153 KOSSAN 4.260 -0.020 472.8 4.272 23.99 1.41 5,448.3
0.434 0.326 — — 7190 PPG 0.340 — — — 52.31 1.47 34.0 1.269 0.700 0.750 0.740 5843 KPS 0.740 -0.005 796.4 0.743 — 5.74 397.7
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 6 Markets FR I DAY SEP TEM B ER 1 3 , 2 0 1 9 • TH EEDGE F I N AN C I AL DAI LY

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)
0.565 0.470 0.485 0.470 9121 KPSCB 0.480 -0.005 31.5 0.475 9.39 — 71.0 5.950 4.517 5.820 5.650 5225 IHH 5.690 -0.110 2047.7 5.706 82.58 0.53 49,924.0
4.937 3.844 4.490 4.450 3476 KSENG 4.490 -0.020 21.2 4.474 21.41 2.23 1,623.0 4.529 3.543 4.300 4.260 7153 KOSSAN 4.260 -0.020 472.8 4.272 23.99 1.41 5,448.3
0.590 0.281 — — 5192 KSSC 0.440 — — — — 1.14 42.2 1.940 1.566 — — 0002 KOTRA 1.780 — — — 11.40 3.37 256.4
0.530 0.225 0.345 0.340 6874 KUB 0.340 -0.005 204.6 0.345 — 2.94 189.2 1.119 0.870 0.920 0.910 5878 KPJ 0.915 0.005 5953.5 0.917 21.89 2.19 4,061.5
0.435 0.220 — — 8362 KYM 0.270 — — — 15.25 — 40.5 2.947 1.931 2.490 2.480 7081 PHARMA 2.490 0.010 36.7 2.484 13.40 6.22 650.5
4.570 1.800 3.350 3.300 3794 LAFMSIA 3.350 0.020 17.6 3.343 — — 2,846.5 0.135 0.075 0.080 0.080 0302 SMILE 0.080 -0.010 100 0.080 32.00 1.50 76.0
0.615 0.440 — — 9326 LBALUM 0.485 — — — 9.90 3.09 120.5 2.005 1.400 1.670 1.580 7106 SUPERMX 1.610 0.020 9724.8 1.631 17.06 2.25 2,190.1
4.899 2.460 2.680 2.600 5284 LCTITAN 2.650 0.030 1514.5 2.644 15.65 6.42 6,115.6 0.825 0.665 0.675 0.670 0101 TMCLIFE 0.675 0.005 51.6 0.670 35.71 0.27 1,175.8
0.609 0.387 — — 5232 LEONFB 0.480 — — — 7.80 3.13 148.8 6.246 4.265 4.800 4.740 7113 TOPGLOV 4.790 0.040 3772.5 4.785 31.62 1.77 12,265.2
0.250 0.100 0.190 0.190 8745 LEWEKO 0.190 UNCH 10 0.190 — — 61.2 0.500 0.230 — — 0301 TOPVISN 0.500 — — — 49.02 — 127.8
0.160 0.085 — — 7170 LFECORP 0.135 — — — — — 27.6 3.272 2.210 2.320 2.300 7178 YSPSAH 2.300 UNCH 4.4 2.314 13.02 3.04 321.0
0.775 0.375 0.400 0.400 8486 LIONFIB 0.400 -0.030 1.9 0.400 10.05 — 92.6 FINANCIAL SERVICES
1.050 0.375 0.440 0.400 4235 LIONIND 0.430 0.030 5667.8 0.423 — — 308.7 4.248 2.900 3.070 3.000 2488 ABMB 3.010 0.010 1986.5 3.028 9.73 5.55 4,659.8
0.420 0.250 — — 9881 LSTEEL 0.270 — — — — — 34.6 17.114 14.393 15.060 14.800 5139 AEONCR 15.060 0.160 23.9 14.96 74.93 2.96 3,778.5
0.100 0.065 0.070 0.070 5068 LUSTER 0.070 UNCH 550.4 0.070 11.86 — 138.3 2.397 1.930 2.020 2.000 5185 AFFIN 2.010 UNCH 79.6 2.015 7.87 2.49 3,991.9
0.614 0.476 0.490 0.485 5143 LUXCHEM 0.490 0.005 188.6 0.487 11.16 4.59 438.3 14.980 11.361 14.500 14.320 1163 ALLIANZ 14.500 -0.040 9.2 14.43 7.65 2.76 2,563.1
2.823 2.191 — — 9199 LYSAGHT 2.400 — — — 11.57 2.92 99.8 4.482 3.533 4.190 4.050 1015 AMBANK 4.050 -0.080 1981.7 4.105 7.87 4.94 12,207.4
0.660 0.340 0.430 0.410 5098 MASTEEL 0.425 0.015 953.3 0.424 — — 181.6 1.215 0.780 — — 5088 APEX 0.780 — — — 15.57 — 166.6
1.480 0.560 1.460 1.420 7029 MASTER 1.430 -0.020 755.9 1.433 8.10 2.45 78.1 4.750 3.252 4.000 3.950 5258 BIMB 3.960 UNCH 2103.4 3.975 9.01 3.91 6,986.6
1.400 0.873 1.220 1.190 5152 MBL 1.220 0.010 33.6 1.199 7.14 3.69 130.2 7.586 5.817 6.290 6.190 1818 BURSA 6.190 -0.050 681.5 6.237 25.68 3.55 5,004.6
0.790 0.435 — — 7004 MCEHLDG 0.640 — — — — — 28.4 6.010 4.940 5.060 5.000 1023 CIMB 5.000 -0.030 8702.3 5.019 9.55 5.00 48,637.1
0.190 0.090 0.135 0.135 3778 MELEWAR 0.135 0.005 183 0.135 1.62 — 48.5 0.345 0.235 0.270 0.270 2143 ECM 0.270 UNCH 0.3 0.270 — — 129.6
0.700 0.435 0.570 0.560 5223 MENTIGA 0.560 -0.010 8 0.566 17.89 — 39.2 1.700 1.088 1.650 1.640 5228 ELKDESA 1.650 0.010 81.1 1.648 14.27 4.24 490.1
1.738 1.487 — — 6149 METROD 1.500 — — — 25.95 4.00 180.0 21.497 16.200 16.580 16.400 5819 HLBANK 16.480 0.080 1477.1 16.44 12.65 2.91 35,724.0
0.425 0.220 0.310 0.295 5001 MIECO 0.300 UNCH 1794.1 0.302 — — 157.5 10.100 7.327 — — 5274 HLCAP 9.600 — — — 34.04 1.98 2,370.2
0.070 0.045 0.050 0.050 7219 MINETEC 0.050 UNCH 280 0.050 — — 46.1 19.819 16.000 16.740 16.500 1082 HLFG 16.680 0.040 47.8 16.63 9.94 2.52 19,140.6
0.424 0.250 — — 5576 MINHO 0.250 — — — 6.67 — 85.1 0.900 0.645 0.815 0.810 3379 INSAS 0.810 -0.005 189.7 0.814 6.56 2.47 561.6
0.998 0.785 0.810 0.800 5916 MSC 0.810 0.005 52 0.805 7.43 2.47 324.0 0.130 0.070 0.085 0.080 3441 JOHAN 0.080 UNCH 149 0.080 — — 49.8
0.105 0.050 0.060 0.055 0043 MTRONIC 0.055 UNCH 7040.9 0.057 — — 62.3 0.720 0.486 0.535 0.510 6483 KENANGA 0.535 0.035 15.2 0.512 56.32 2.06 386.7
2.147 1.457 1.540 1.520 3883 MUDA 1.530 0.010 50.8 1.532 6.14 2.94 466.7 2.150 1.540 1.830 1.830 2186 KUCHAI 1.830 UNCH 10 1.830 101.10 0.55 226.5
0.450 0.225 0.270 0.240 5087 MYCRON 0.270 UNCH 25.2 0.244 — — 88.3 16.422 14.641 15.880 15.720 8621 LPI 15.880 0.160 57.2 15.80 19.54 4.35 6,326.3
0.640 0.345 0.385 0.380 7241 NGGB 0.385 UNCH 902.6 0.380 132.76 — 192.9 1.003 0.375 0.860 0.840 1198 MAA 0.840 -0.020 52.2 0.858 — 10.71 229.8
0.145 0.060 0.080 0.070 5025 NWP 0.080 UNCH 17.8 0.071 — — 34.2 2.850 2.244 — — 1058 MANULFE 2.720 — — — 17.64 2.57 550.4
0.709 0.555 0.600 0.590 4944 NYLEX 0.590 -0.010 158.7 0.595 — 3.39 114.7 9.463 8.500 8.980 8.890 1155 MAYBANK 8.900 0.010 12778 8.942 12.23 6.40 100,048.1
0.789 0.539 0.610 0.610 7140 OKA 0.610 UNCH 631 0.610 13.65 6.07 149.7 1.025 0.820 0.860 0.845 1171 MBSB 0.850 UNCH 562.2 0.852 12.46 5.88 5,706.4
1.171 0.858 0.925 0.915 5065 ORNA 0.925 -0.015 35 0.920 7.30 2.70 69.6 1.290 0.845 1.130 1.090 6459 MNRB 1.130 0.040 594.1 1.108 7.83 — 866.8
0.075 0.045 0.055 0.050 7225 PA 0.055 UNCH 100.1 0.050 22.00 — 102.9 1.250 0.985 1.100 1.090 5237 MPHBCAP 1.100 -0.020 16.7 1.093 22.27 — 786.5
0.592 0.421 0.465 0.445 8419 PANSAR 0.460 UNCH 1721.1 0.461 35.94 2.17 212.5 0.989 0.937 0.975 0.965 6009 P&O 0.970 -0.005 65.3 0.971 — 6.44 278.3
0.597 0.395 0.495 0.485 5125 PANTECH 0.490 UNCH 856.9 0.490 8.25 4.04 367.8 25.339 20.000 20.200 20.080 1295 PBBANK 20.140 -0.020 3445.4 20.13 14.14 3.48 78,186.3
9.845 6.750 7.640 7.250 5183 PCHEM 7.510 0.280 10476.9 7.517 13.40 3.86 60,080.0 1.667 1.304 1.570 1.550 9296 RCECAP 1.570 0.010 59.5 1.560 5.56 5.73 579.0
1.300 0.651 1.110 1.090 5271 PECCA 1.090 -0.020 452.5 1.097 12.04 5.05 204.9 5.970 4.937 5.720 5.630 1066 RHBBANK 5.640 -0.020 7452.9 5.679 9.48 4.52 22,616.7
4.879 4.175 4.580 4.560 5436 PERSTIM 4.580 UNCH 4 4.568 11.23 6.55 454.8 0.665 0.537 0.645 0.640 4898 TA 0.640 -0.005 248.9 0.641 — 6.41 1,095.6
1.570 0.950 1.310 1.260 5219 PESTECH 1.270 -0.030 694.5 1.278 15.82 — 970.7 7.180 3.348 5.900 5.760 6139 TAKAFUL 5.880 0.020 2326.5 5.869 13.78 2.55 4,861.5
19.577 14.740 16.740 16.200 6033 PETGAS 16.420 0.100 1187.6 16.44 17.69 4.38 32,490.8 0.765 0.502 0.640 0.605 5230 TUNEPRO 0.610 -0.025 2095.8 0.617 9.33 4.92 458.6
8.395 5.190 5.500 5.430 3042 PETRONM 5.440 0.040 26.5 5.477 8.46 3.68 1,468.8 PROPERTY
1.200 0.925 — — 3611 PGLOBE 1.080 — — — 192.8 — 201.6 0.300 0.225 0.245 0.245 7131 ACME 0.245 UNCH 5 0.245 5.74 — 58.5
0.160 0.090 0.120 0.115 7201 PICORP 0.120 0.005 82 0.120 171.4 4.17 79.0 0.644 0.464 0.495 0.480 1007 AMPROP 0.495 0.005 105.7 0.495 12.76 6.06 302.1
1.703 1.070 1.160 1.110 7095 PIE 1.160 0.060 355.7 1.141 11.81 2.07 445.5 0.335 0.220 — — 1007PA AMPROP-PA 0.260 — — — — 7.69 74.6
0.325 0.100 — — 7163 PJBUMI 0.220 — — — 17.19 — 18.0 1.280 0.870 1.070 1.070 5959 AMVERTON 1.070 UNCH 10 1.070 5.54 — 390.6
4.254 3.040 3.300 3.200 7172 PMBTECH 3.300 0.110 6.8 3.227 55.65 0.61 691.7 0.650 0.270 — — 7007 ARK 0.270 — — — — — 13.1
5.111 3.958 4.920 4.880 8869 PMETAL 4.900 UNCH 1249.6 4.900 36.84 1.22 19,786.7 0.170 0.110 0.125 0.120 4057 ASIAPAC 0.120 -0.005 242.2 0.124 3.56 — 124.5
0.570 0.450 0.545 0.540 6637 PNEPCB 0.540 -0.005 2430.1 0.540 — — 71.0 5.243 4.020 — — 2305 AYER 4.220 — — — 20.62 1.18 315.9
0.505 0.260 — — 8117 POLY 0.380 — — — 12.06 — 60.8 0.390 0.220 0.285 0.270 6602 BCB 0.275 0.005 331.3 0.273 2.81 — 113.4
0.675 0.390 0.645 0.625 8273 PPHB 0.625 -0.020 100.7 0.633 5.72 — 117.9 0.585 0.285 0.340 0.340 6173 BDB 0.340 UNCH 10 0.340 — — 103.3
0.778 0.410 0.445 0.440 9873 PRESTAR 0.445 0.030 27 0.441 193.4 3.37 91.1 0.300 0.110 — — 9814 BERTAM 0.170 — — — — — 35.1
0.080 0.035 0.050 0.045 7123 PWORTH 0.050 0.005 15082 0.046 — — 204.7 0.340 0.245 0.305 0.305 3239 BJASSET 0.305 UNCH 50 0.305 — — 780.2
0.850 0.710 — — 7544 QUALITY 0.780 — — — — — 45.2 1.580 1.090 — — 5738 CHHB 1.320 — — — 4.02 — 363.9
0.390 0.190 0.235 0.235 7498 RALCO 0.235 0.015 2 0.235 — — 10.9 1.405 1.150 1.200 1.170 6718 CRESNDO 1.200 0.030 78 1.178 8.33 5.00 336.6
0.520 0.165 0.190 0.180 5256 REACH 0.190 UNCH 1770.4 0.185 — — 208.3 1.590 1.108 1.360 1.360 5049 CVIEW 1.360 0.080 6.5 1.360 1.79 3.68 136.0
0.340 0.241 — — 7232 RESINTC 0.310 — — — 12.16 8.06 42.5 0.565 0.220 0.415 0.405 3484 DBHD 0.410 0.005 22.8 0.408 5.63 — 130.5
0.245 0.145 0.155 0.150 9954 RGTBHD 0.155 0.005 229.5 0.152 14.76 — 89.4 0.095 0.050 0.060 0.060 7198 DPS 0.060 UNCH 60 0.060 — — 35.3
1.100 0.491 0.545 0.535 9741 ROHAS 0.535 -0.005 290.6 0.538 16.21 4.67 252.9 1.423 0.736 0.755 0.750 3417 E&O 0.750 -0.005 173.9 0.752 19.48 4.00 1,092.7
0.584 0.412 0.505 0.500 7803 RUBEREX 0.505 0.005 129.3 0.505 19.96 3.96 127.4 0.330 0.285 0.330 0.320 3557 ECOFIRS 0.330 0.005 488 0.326 11.11 — 266.0
3.925 3.531 — — 5134 SAB 3.570 — — — 24.93 1.40 488.9 1.280 0.625 0.700 0.675 8206 ECOWLD 0.690 0.005 12063 0.688 11.37 — 2,031.6
8.640 6.949 8.050 8.000 9822 SAM 8.040 0.040 53.1 8.003 13.73 2.17 1,086.7 0.500 0.270 — — 6076 ENCORP 0.320 — — — — — 98.1
0.921 0.550 0.585 0.580 5147 SAMCHEM 0.580 UNCH 103.8 0.584 7.73 5.17 157.8 2.008 0.882 — — 8613 ENRA 1.200 — — — — 2.50 163.4
0.836 0.654 0.725 0.715 7811 SAPIND 0.725 0.005 15.5 0.719 9.81 6.90 52.8 0.785 0.550 — — 6815 EUPE 0.610 — — — 2.32 — 78.1
0.510 0.205 0.290 0.280 5170 SCABLE 0.290 0.010 27 0.281 — — 91.9 0.735 0.491 0.615 0.600 7249 EWEIN 0.615 0.015 321.8 0.609 4.06 0.81 185.5
1.500 0.760 0.940 0.855 7247 SCGM 0.885 0.035 488.2 0.886 — 1.69 171.3 1.110 0.600 0.635 0.615 5283 EWINT 0.630 -0.005 1582.1 0.625 16.54 — 1,512.0
1.270 0.300 1.090 1.090 9237 SCIB 1.090 UNCH 184.3 1.090 — — 93.6 0.400 0.325 0.335 0.335 6041 FARLIM 0.335 UNCH 49 0.335 — — 56.4
1.771 0.733 0.940 0.920 0099 SCICOM 0.925 -0.005 711.4 0.925 16.26 5.95 328.8 0.414 0.345 0.375 0.370 5020 GLOMAC 0.370 UNCH 255.4 0.372 19.68 2.16 296.0
9.269 7.910 8.500 8.320 4731 SCIENTX 8.320 -0.180 70.3 8.417 14.24 2.40 4,287.0 0.370 0.240 0.280 0.265 9962 GMUTUAL 0.280 0.015 68.7 0.275 17.83 1.79 105.2
0.245 0.105 — — 7239 SCNWOLF 0.140 — — — — — 13.5 0.230 0.155 0.180 0.170 1147 GOB 0.170 -0.010 250 0.174 — — 77.3
0.415 0.155 0.195 0.185 7073 SEACERA 0.185 -0.005 4623.1 0.188 — — 87.8 0.225 0.135 0.180 0.180 7077 GSB 0.180 UNCH 132.4 0.180 163.64 — 99.4
0.365 0.090 0.355 0.345 5145 SEALINK 0.350 -0.005 3741.7 0.350 — — 175.0 0.834 0.645 0.670 0.660 1503 GUOCO 0.670 UNCH 74.1 0.665 — 2.99 469.3
0.520 0.180 0.500 0.495 5163 SEB 0.495 UNCH 351.2 0.495 — — 39.6 1.300 1.200 1.230 1.220 7105 HCK 1.230 UNCH 16 1.227 47.13 — 520.1
0.995 0.746 0.940 0.925 5181 SIGGAS 0.940 UNCH 18 0.926 48.96 0.53 176.3 0.725 0.520 0.570 0.550 7010 HOOVER 0.570 -0.015 150 0.570 — — 22.8
0.690 0.410 — — 7115 SKBSHUT 0.500 — — — 15.63 — 20.0 0.465 0.300 0.345 0.335 5062 HUAYANG 0.335 -0.010 182.6 0.338 — — 117.9
1.440 0.945 1.080 1.060 7155 SKPRES 1.060 UNCH 1384.3 1.064 14.83 3.62 1,325.2 0.485 0.305 0.320 0.305 4251 IBHD 0.305 -0.010 222.9 0.313 11.09 5.74 309.4
1.420 0.809 1.400 1.390 7248 SLP 1.400 UNCH 55 1.391 17.54 3.93 443.7 0.734 0.147 0.615 0.600 5084 IBRACO 0.600 -0.005 48 0.604 9.20 3.75 297.8
0.530 0.370 — — 7132 SMISCOR 0.430 — — — — — 19.3 1.760 0.990 1.530 1.450 9687 IDEAL 1.530 0.020 130.7 1.497 3.59 0.65 709.2
1.460 0.720 1.020 0.990 5665 SSTEEL 1.000 0.010 108.8 1.007 — 3.50 433.6 2.868 2.176 — — 5606 IGBB 2.670 — — — 7.16 0.37 1,841.8
0.850 0.400 — — 6904 SUBUR 0.475 — — — — — 99.3 1.730 1.110 1.180 1.130 5249 IOIPG 1.170 0.030 4902.1 1.154 9.74 2.56 6,442.2
1.120 0.520 0.990 0.950 7207 SUCCESS 0.990 0.010 1115.9 0.979 15.42 1.01 246.5 0.290 0.175 0.185 0.185 5175 IVORY 0.185 -0.010 1 0.185 205.56 13.51 90.7
1.720 1.318 1.650 1.620 5211 SUNWAY 1.640 0.010 2875.4 1.635 11.61 3.04 8,091.6 1.320 0.365 0.930 0.910 1589 IWCITY 0.915 0.005 15444 0.919 — — 766.2
1.370 0.740 0.800 0.790 7235 SUPERLN 0.790 -0.010 182.9 0.795 12.21 2.91 126.4 0.360 0.250 — — 8923 JIANKUN 0.320 — — — 26.45 — 53.4
2.005 1.400 1.670 1.580 7106 SUPERMX 1.610 0.020 9724.8 1.631 17.06 2.25 2,190.1 0.090 0.070 0.075 0.070 6769 JKGLAND 0.075 0.005 18 0.071 68.18 1.33 170.6
0.360 0.180 0.255 0.250 5149 TAS 0.250 UNCH 90 0.251 11.01 — 45.0 0.125 0.075 0.085 0.085 3115 KBUNAI 0.085 -0.005 14 0.085 94.44 — 491.0
6.800 4.050 5.260 5.200 4448 TASEK 5.260 0.010 1.7 5.247 — — 650.2 0.840 0.537 — — 7323 KEN 0.600 — — — — 2.50 115.0
0.235 0.110 0.115 0.110 7097 TAWIN 0.115 0.005 2714.2 0.113 — — 41.1 0.960 0.675 0.800 0.790 5038 KSL 0.795 0.005 23.2 0.794 3.33 — 824.8
1.020 0.660 0.725 0.725 5289 TECHBND 0.725 UNCH 27.3 0.725 23.54 — 166.8 0.185 0.130 0.155 0.150 3174 L&G 0.150 UNCH 600.9 0.151 10.34 6.67 446.0
0.840 0.400 0.445 0.400 8702 TEXCHEM 0.425 -0.020 295 0.414 — 23.53 52.7 0.784 0.416 0.650 0.635 8494 LBICAP 0.650 0.015 5.1 0.635 5.17 7.69 66.0
2.720 2.004 2.500 2.480 7034 TGUAN 2.480 -0.020 268 2.495 6.66 3.23 437.1 0.847 0.486 0.520 0.515 5789 LBS 0.515 UNCH 662.5 0.515 11.52 3.50 807.1
1.512 0.983 1.230 1.230 7374 TIENWAH 1.230 UNCH 3 1.230 — 6.50 178.0 0.350 0.220 0.250 0.250 3573 LIENHOE 0.250 UNCH 278.9 0.250 — — 90.4
0.680 0.396 — — 7854 TIMWELL 0.600 — — — 8.93 3.33 53.4 1.250 0.800 1.040 1.020 7617 MAGNA 1.020 -0.010 58 1.039 — — 341.6
0.740 0.430 0.480 0.470 7285 TOMYPAK 0.480 0.005 220 0.472 — 0.63 201.5 1.073 0.812 0.845 0.830 8583 MAHSING 0.835 -0.010 662.6 0.835 13.58 5.39 2,027.1
4.066 2.470 2.560 2.560 5010 TONGHER 2.560 -0.030 4 2.560 10.94 7.81 403.0 0.695 0.390 0.505 0.495 6181 MALTON 0.495 -0.005 573 0.496 29.46 4.04 261.4
6.246 4.265 4.800 4.740 7113 TOPGLOV 4.790 0.040 3772.5 4.785 31.62 1.77 12,265 2.002 1.747 1.930 1.920 5236 MATRIX 1.930 UNCH 130.9 1.930 6.55 6.35 1,566.8
1.040 0.575 0.720 0.690 7173 TOYOINK 0.720 UNCH 1.3 0.700 16.71 2.78 77.0 1.827 1.360 1.600 1.560 7189 MBWORLD 1.560 0.010 35 1.580 5.11 5.19 245.5
0.814 0.543 — — 5167 TURBO 0.640 — — — 13.11 3.13 69.1 0.800 0.210 0.220 0.210 5182 MCT 0.210 -0.005 406.8 0.216 4.44 — 306.0
2.982 2.303 2.830 2.820 7100 UCHITEC 2.820 UNCH 19.5 2.821 17.22 4.96 1,271.6 0.480 0.290 0.365 0.330 1694 MENANG 0.350 0.015 103.1 0.351 20.83 — 168.3
0.800 0.385 0.510 0.495 7133 ULICORP 0.510 0.015 124.5 0.502 — — 111.1 0.420 0.065 0.075 0.070 5040 MERIDIAN 0.075 UNCH 2136.1 0.071 — — 36.9
2.494 1.840 — — 7137 UMS 2.000 — — — 26.39 3.00 81.4 0.350 0.185 0.185 0.185 8141 MJPERAK 0.185 UNCH 84.8 0.185 12.25 — 47.6
1.068 0.850 0.935 0.885 7227 UMSNGB 0.935 0.005 9 0.887 12.24 3.21 74.8 1.410 1.110 1.250 1.220 6114 MKH 1.220 -0.020 67 1.248 9.15 2.87 715.6
1.450 0.905 1.280 1.240 7091 UNIMECH 1.270 0.030 135.3 1.264 9.86 2.99 201.6 0.220 0.165 0.170 0.165 8893 MKLAND 0.165 -0.005 485.2 0.165 31.73 — 199.2
0.750 0.300 0.310 0.310 4995 VERSATL 0.310 UNCH 0.5 0.310 — — 44.0 0.165 0.070 — — 6548 MPCORP 0.115 — — — — — 33.1
1.744 0.610 1.300 1.270 6963 VS 1.280 -0.010 3402 1.284 15.13 3.13 2,355.6 1.125 0.558 0.790 0.775 1651 MRCB 0.785 0.015 5235 0.784 96.91 2.23 3,463.5
1.150 0.595 0.615 0.605 5142 WASEONG 0.610 0.005 430.8 0.611 8.71 — 472.7 0.540 0.380 — — 9539 MUH 0.400 — — — — — 22.6
0.950 0.400 — — 7226 WATTA 0.485 — — — — — 41.0 0.280 0.160 0.170 0.165 3913 MUIPROP 0.165 -0.005 4685.1 0.166 16.84 — 126.1
1.277 1.068 1.180 1.160 7231 WELLCAL 1.160 -0.020 18.5 1.177 15.63 4.83 577.6 1.440 0.430 0.965 0.945 5073 NAIM 0.950 -0.010 6146.3 0.951 2.75 — 488.1
0.700 0.460 — — 7692 WIDETEC 0.560 — — — 17.34 — 25.1 2.280 1.970 2.200 2.180 5827 OIB 2.180 0.030 3 2.187 5.94 3.67 337.6
0.824 0.435 0.460 0.440 7050 WONG 0.460 0.005 191.5 0.442 14.65 3.26 52.7 0.969 0.809 0.955 0.945 5053 OSK 0.950 UNCH 431.4 0.950 5.06 5.26 1,990.5
0.830 0.550 — — 7025 WOODLAN 0.615 — — — 62.76 — 24.6 1.752 1.261 1.350 1.320 1724 PARAMON 1.330 UNCH 396.8 1.333 10.37 4.73 806.9
1.700 1.020 — — 5009 WTHORSE 1.140 — — — — — 273.6 0.460 0.320 0.360 0.355 6912 PASDEC 0.355 -0.005 28.9 0.359 — — 142.1
0.696 0.404 0.490 0.480 4243 WTK 0.480 -0.005 108.8 0.485 — 3.13 231.0 0.015 0.005 0.010 0.005 4464 PHB 0.005 UNCH 130.4 0.007 — — 36.0
0.410 0.160 0.240 0.235 7245 WZSATU 0.240 UNCH 883.5 0.238 — — 111.6 1.690 1.020 — — 7055 PLB 1.100 — — — 112.24 — 123.6
0.695 0.530 0.630 0.600 5048 YILAI 0.620 0.090 22 0.616 — — 90.3 1.580 1.300 1.320 1.320 5075 PLENITU 1.320 UNCH 2 1.320 13.07 3.41 503.6
0.220 0.090 0.105 0.100 7020 YKGI 0.105 0.005 247.8 0.103 — — 36.8 6.150 5.210 5.910 5.640 7765 RAPID 5.640 -0.250 85.3 5.745 180.19 — 602.9
0.360 0.200 — — 7014 YLI 0.210 — — — — — 21.6 0.840 0.585 0.605 0.605 4596 SAPRES 0.605 0.005 16 0.605 — — 84.5
CONSTRUCTION 0.630 0.400 0.465 0.465 5207 SBCCORP 0.465 -0.010 20 0.465 7.71 2.15 120.0
0.485 0.241 0.415 0.405 5281 ADVCON 0.410 -0.005 855.9 0.409 16.67 2.44 165.2 0.757 0.582 0.620 0.620 2224 SDRED 0.620 0.005 10 0.620 10.35 3.23 264.2
0.575 0.274 0.380 0.375 7078 AZRB 0.380 UNCH 226 0.380 25.85 2.34 227.2 0.400 0.285 0.310 0.310 4286 SEAL 0.310 -0.015 8 0.310 3.71 — 75.3
0.250 0.145 0.155 0.150 5190 BENALEC 0.150 -0.005 100 0.151 — — 129.3 2.524 2.108 2.390 2.370 6017 SHL 2.370 0.010 29.3 2.376 10.12 6.75 573.8
0.295 0.120 0.135 0.125 5932 BPURI 0.130 UNCH 870.8 0.130 72.22 — 49.7 1.199 0.790 0.865 0.830 5288 SIMEPROP 0.830 -0.025 3958.8 0.840 37.90 2.41 5,644.7
0.811 0.706 — — 8761 BREM 0.800 — — — 19.28 5.00 276.4 0.220 0.130 — — 4375 SMI 0.135 — — — 42.19 — 28.3
1.156 0.755 0.960 0.950 8591 CRESBLD 0.955 0.005 92.9 0.950 2.51 4.71 169.0 0.545 0.190 0.235 0.225 5213 SNTORIA 0.225 UNCH 3704.6 0.229 11.97 — 127.6
1.808 1.572 — — 7528 DKLS 1.720 — — — 34.96 1.74 159.4 2.742 1.390 1.440 1.390 8664 SPSETIA 1.430 0.030 3619.7 1.424 25.22 5.98 5,780.7
0.880 0.360 0.785 0.775 5253 ECONBHD 0.775 UNCH 6404.2 0.779 40.79 2.06 1,036.6 0.950 0.580 0.695 0.695 3743 SUNSURIA 0.695 -0.005 27 0.695 3.99 — 622.7
1.040 0.411 0.830 0.815 8877 EKOVEST 0.820 0.005 25165 0.821 12.91 1.22 2,177.0 0.496 0.320 0.430 0.420 1538 SYMLIFE 0.430 0.005 89.7 0.422 2.09 — 253.8
0.520 0.300 0.370 0.370 7047 FAJAR 0.370 0.005 170.1 0.370 9.59 4.05 138.3 0.330 0.190 0.330 0.310 4022 TADMAX 0.320 0.010 32746 0.317 20.13 — 250.8
0.960 0.475 0.745 0.735 9261 GADANG 0.740 0.010 1016.2 0.741 11.26 4.05 538.8 0.278 0.222 0.245 0.240 5158 TAGB 0.240 0.005 313.9 0.240 25.00 6.67 1,277.2
3.978 1.918 3.610 3.550 5398 GAMUDA 3.580 -0.040 2039 3.587 21.02 3.35 8,853.2 0.055 0.025 0.035 0.035 2259 TALAMT 0.035 UNCH 659 0.035 50.00 — 150.3
1.540 0.658 1.320 1.290 5226 GBGAQRS 1.290 -0.010 333.5 1.303 13.12 3.04 638.0 0.867 0.666 0.755 0.750 5191 TAMBUN 0.750 0.005 22.3 0.753 6.40 6.53 325.1
1.380 0.717 1.100 1.070 3204 GKENT 1.080 UNCH 805.5 1.085 7.61 4.63 608.3 0.085 0.040 0.055 0.050 2429 TANCO 0.055 UNCH 7304 0.055 — — 40.8
0.695 0.280 0.550 0.505 5169 HOHUP 0.545 0.035 1990.9 0.530 8.65 — 204.3 0.310 0.175 0.200 0.195 7889 THRIVEN 0.200 0.010 164.7 0.195 3.78 — 109.4
1.587 1.271 — — 6238 HSL 1.340 — — — 13.07 1.79 780.8 0.100 0.030 0.055 0.050 7079 TIGER 0.055 UNCH 4359.7 0.050 — — 69.8
2.510 1.361 2.280 2.230 3336 IJM 2.250 0.030 3417.1 2.253 19.55 1.78 8,188.4 0.355 0.285 0.295 0.295 5239 TITIJYA 0.295 UNCH 562.5 0.295 11.35 0.85 396.6
0.290 0.090 0.160 0.155 5268 IKHMAS 0.160 0.005 3346 0.157 — — 94.1 0.895 0.778 0.840 0.840 5401 TROP 0.840 UNCH 59.9 0.840 7.11 3.31 1,235.2
0.630 0.444 — — 8834 IREKA 0.500 — — — — 4.00 93.4 1.020 0.620 0.720 0.695 5148 UEMS 0.710 0.015 1837.4 0.711 28.86 — 3,221.6
1.080 0.405 0.775 0.760 4723 JAKS 0.765 0.005 3449.6 0.769 8.91 — 492.0 2.350 1.733 2.010 1.990 5200 UOADEV 1.990 UNCH 267.3 1.992 8.84 7.04 3,914.6
1.490 0.975 1.400 1.400 7161 KERJAYA 1.400 UNCH 35.6 1.400 12.24 2.50 1,738.8 0.170 0.090 0.090 0.090 6378 WMG 0.090 UNCH 1.3 0.090 — — 38.4
1.460 0.972 1.280 1.260 5171 KIMLUN 1.270 0.010 37 1.271 6.11 2.91 431.6 0.995 0.650 — — 7003 Y&G 0.850 — — — 21.79 — 169.5
1.060 0.735 — — 9628 LEBTECH 0.860 — — — — — 117.4 2.800 1.040 2.570 2.500 3158 YNHPROP 2.570 0.030 132.8 2.553 67.99 — 1,359.5
0.622 0.420 — — 5129 MELATI 0.430 — — — 57.33 2.33 51.6 0.825 0.190 0.210 0.195 7066 YONGTAI 0.210 0.010 5258.5 0.201 — — 144.7
1.060 0.700 — — 8192 MERCURY 0.725 — — — 7.49 — 29.1 0.425 0.300 0.305 0.300 2577 YTLLAND 0.305 0.005 799.8 0.303 — — 257.5
1.810 0.270 — — 5006 MERGE 0.930 — — — — — 62.3 TRANSPORTATION & LOGISTICS
0.905 0.640 0.675 0.655 7595 MGB 0.660 UNCH 47.2 0.665 17.14 — 328.3 9.294 6.520 8.690 8.460 5014 AIRPORT 8.640 0.140 368.4 8.630 31.95 1.62 14,335.4
0.432 0.216 0.285 0.280 9571 MITRA 0.280 -0.005 202.9 0.282 — 5.36 250.9 1.400 1.120 1.280 1.230 8133 BHIC 1.280 UNCH 3.4 1.272 — 2.73 318.0
0.250 0.115 — — 5924 MTDACPI 0.175 — — — — — 40.5 5.252 3.750 3.770 3.750 5032 BIPORT 3.750 -0.030 63 3.757 10.61 4.27 1,725.0
0.470 0.225 0.240 0.225 5085 MUDAJYA 0.235 UNCH 1240.9 0.234 — — 142.3 0.450 0.275 0.285 0.275 7187 CHGP 0.285 0.005 30 0.282 41.30 — 84.7
3.108 2.390 2.460 2.390 5703 MUHIBAH 2.410 0.010 133.1 2.413 8.32 3.11 1,169.2 0.665 0.360 0.420 0.400 7117 CJCEN 0.420 0.020 370 0.414 — 1.79 165.6
0.379 0.220 0.240 0.235 7071 OCR 0.240 UNCH 210.2 0.237 — — 78.7 0.930 0.449 — — 5136 COMPLET 0.720 — — — 9.33 — 91.4
0.900 0.730 — — 5622 PEB 0.815 — — — — — 56.3 0.605 0.310 0.400 0.395 5259 EATECH 0.395 UNCH 197.2 0.398 3.01 — 199.1
0.307 0.163 0.215 0.215 8311 PESONA 0.215 UNCH 175.9 0.215 17.62 4.65 149.4 0.718 0.497 — — 7210 FREIGHT 0.600 — — — 12.32 5.83 167.5
0.390 0.183 0.245 0.245 5070 PRTASCO 0.245 UNCH 256.4 0.245 — 2.45 121.4 0.445 0.255 0.305 0.290 0078 GDEX 0.300 UNCH 7119.1 0.296 50.85 0.67 1,692.4
0.170 0.095 0.140 0.140 7145 PSIPTEK 0.140 UNCH 50 0.140 43.75 — 59.8 0.420 0.265 — — 7676 GUNUNG 0.275 — — — — — 64.9
3.390 1.986 3.340 3.340 9598 PTARAS 3.340 -0.040 42.9 3.340 21.27 5.99 554.0 0.760 0.560 — — 2062 HARBOUR 0.635 — — — 11.01 1.57 254.3
0.545 0.270 0.280 0.275 6807 PUNCAK 0.280 UNCH 34.9 0.279 — 1.79 125.8 0.065 0.030 0.060 0.045 7013 HUBLINE 0.055 0.005 37811 0.053 42.31 — 210.0
0.810 0.390 0.440 0.425 5205 SENDAI 0.435 0.010 409.9 0.433 6.17 — 339.8 0.580 0.270 0.320 0.290 5614 ILB 0.320 0.025 265.8 0.298 — — 62.4
2.156 1.246 2.030 1.990 5263 SUNCON 2.000 0.040 164.7 2.011 18.83 3.50 2,585.8 5.000 3.595 4.600 4.500 6645 LITRAK 4.560 UNCH 34.3 4.551 9.68 5.48 2,420.6
0.285 0.210 0.225 0.225 9717 SYCAL 0.225 -0.005 10 0.225 66.18 — 93.7 0.115 0.055 — — 5078 M&G 0.075 — — — — — 54.3
0.741 0.417 0.485 0.470 5054 TRC 0.470 -0.015 978.8 0.478 0.73 4.04 225.8 0.755 0.410 0.755 0.700 5077 MAYBULK 0.725 0.025 12939 0.733 1.76 — 725.0
0.595 0.295 0.400 0.400 5042 TSRCAP 0.400 UNCH 10 0.400 — — 69.8 8.040 5.244 7.930 7.770 3816 MISC 7.800 0.010 2320.3 7.798 21.91 3.85 34,817.6
0.890 0.180 — — 0301 UNIWALL 0.890 — — — 32.13 0.02 325.5 1.425 0.780 1.070 1.060 2194 MMCCORP 1.060 UNCH 1467.7 1.068 11.48 3.77 3,227.8
1.170 0.800 0.870 0.850 7070 VIZIONE 0.850 -0.025 1843.4 0.854 7.19 — 477.9 0.380 0.180 — — 9806 NATWIDE 0.180 — — — — — 22.2
0.730 0.465 0.525 0.505 3565 WCEHB 0.520 UNCH 891.1 0.511 25.62 — 521.4 0.050 0.025 0.030 0.030 6254 PDZ 0.030 UNCH 1 0.030 — — 20.5
1.220 0.647 0.970 0.940 9679 WCT 0.950 -0.005 1463.9 0.958 15.03 3.09 1,347.2 3.650 1.220 1.680 1.560 4634 POS 1.660 0.100 2976.3 1.642 — 2.41 1,299.4
0.410 0.150 0.335 0.315 7028 ZECON 0.315 -0.020 983 0.324 1.69 — 45.4 0.610 0.295 — — 8346 PRKCORP 0.390 — — — — — 39.0
0.125 0.025 0.085 0.080 2283 ZELAN 0.080 -0.005 1231.1 0.080 — — 67.6 0.365 0.090 0.355 0.345 5145 SEALINK 0.350 -0.005 3741.7 0.350 — — 175.0
HEALTH CARE 1.067 0.800 — — 7053 SEEHUP 0.800 — — — — 3.94 64.3
0.605 0.350 0.510 0.490 7191 ADVENTA 0.510 0.015 58.5 0.508 — — 77.9 1.500 1.176 1.330 1.320 6521 SURIA 1.330 0.020 69.1 1.322 9.33 4.08 459.9
2.404 1.950 2.080 2.040 7090 AHEALTH 2.050 0.050 71.8 2.047 17.08 1.68 966.9 0.345 0.240 0.280 0.265 5173 SYSCORP 0.275 0.015 329.1 0.277 — — 330.0
1.480 0.898 1.400 1.380 7148 DPHARMA 1.380 -0.010 1115.1 1.389 16.65 3.99 938.5 0.360 0.180 0.255 0.250 5149 TAS 0.250 UNCH 90 0.251 11.01 — 45.0
6.919 4.503 5.330 5.260 5168 HARTA 5.260 -0.070 1704.2 5.298 41.29 1.56 17,673.6 1.692 0.968 — — 5140 TASCO 1.120 — — — 24.14 4.46 224.0
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
FRIDAY S E P T E MBE R 1 3 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Markets 2 7
BURSA MAL AYSIA MAIN MARKET . ACE 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)
1.040 0.420 0.510 0.505 8397 TNLOGIS 0.505 -0.005 179 0.509 — — 232.7 0.175 0.045 0.050 0.045 5255 ICON 0.045 -0.005 5789.3 0.049 — — 53.0
1.150 0.430 — — 7218 TOCEAN 0.505 — — — — — 20.7 0.440 0.070 0.380 0.365 7164 KNM 0.375 UNCH 12054.3 0.371 — — 977.0
4.270 3.172 4.130 4.060 5246 WPRTS 4.090 0.010 4634.2 4.088 23.48 3.20 13,946 0.970 0.495 0.845 0.830 5186 MHB 0.840 -0.005 268.2 0.833 — — 1,344.0
0.930 0.245 0.500 0.480 5267 XINHWA 0.485 0.005 3296.9 0.491 36.19 — 104.8 1.260 0.340 0.960 0.940 5133 PENERGY 0.950 0.015 596.6 0.950 31.05 2.11 305.7
PLANTATION 0.540 0.175 0.320 0.315 7108 PERDANA 0.315 -0.005 1749.3 0.317 — — 245.2
0.210 0.120 0.140 0.120 7054 AASIA 0.140 0.015 118.3 0.120 — — 92.4 0.045 0.005 — — 0047 PERISAI 0.005 — — — — — 6.3
17.332 15.400 15.700 15.700 1899 BKAWAN 15.700 UNCH 15.8 15.70 18.51 3.50 6,844.4 8.395 5.190 5.500 5.430 3042 PETRONM 5.440 0.040 26.5 5.477 8.46 3.68 1,468.8
7.540 5.700 — — 5069 BLDPLNT 5.850 — — — — 0.51 547.0 0.520 0.165 0.190 0.180 5256 REACH 0.190 UNCH 1770.4 0.185 — — 208.3
1.147 0.646 0.680 0.670 5254 BPLANT 0.680 0.005 144.8 0.673 53.97 8.09 1,523.2 0.482 0.251 0.280 0.270 5218 SAPNRG 0.270 -0.010 35400 0.274 — — 4,314.4
0.736 0.505 0.510 0.510 8982 CEPAT 0.510 0.005 2.2 0.510 — 2.94 162.4 0.145 0.040 0.075 0.075 7158 SCOMI 0.075 UNCH 899.4 0.075 — — 82.0
7.297 6.030 6.550 6.300 1929 CHINTEK 6.500 0.470 5.5 6.482 15.93 2.46 593.9 0.140 0.030 0.070 0.065 7045 SCOMIES 0.065 -0.005 1092.4 0.065 — — 152.2
0.499 0.394 0.425 0.420 3948 DUTALND 0.425 UNCH 168.8 0.425 33.20 — 359.6 4.560 3.477 4.410 4.350 5279 SERBADK 4.370 0.020 2736.2 4.379 14.63 2.05 6,417.3
2.986 2.501 2.700 2.650 5029 FAREAST 2.700 0.020 85 2.690 — 1.11 1,603.4 0.045 0.005 0.025 0.020 1201 SUMATEC 0.020 -0.005 3053.2 0.024 — — 85.1
1.560 0.630 0.945 0.930 5222 FGV 0.930 -0.010 3640.7 0.935 — — 3,392.8 0.579 0.297 0.460 0.450 7228 T7GLOBAL 0.450 -0.005 162.5 0.453 49.45 1.11 225.7
10.674 8.971 9.990 9.940 2291 GENP 9.950 0.010 683.3 9.950 80.18 1.18 8,928.7 0.075 0.025 0.065 0.060 7206 THHEAVY 0.060 -0.005 985.5 0.063 4.58 — 67.3
0.460 0.335 — — 7382 GLBHD 0.390 — — — — — 86.9 1.510 0.550 0.840 0.790 7250 UZMA 0.835 0.040 18594 0.817 9.00 — 267.2
0.858 0.530 0.710 0.710 2135 GOPENG 0.710 0.010 0.1 0.710 47.33 3.52 191.0 0.340 0.165 0.310 0.295 5243 VELESTO 0.300 -0.010 17711 0.302 — — 2,464.7
0.800 0.340 — — 7501 HARNLEN 0.625 — — — — — 115.9 1.150 0.595 0.615 0.605 5142 WASEONG 0.610 0.005 430.8 0.611 8.71 — 472.7
2.268 1.400 1.420 1.410 5138 HSPLANT 1.410 -0.040 18.7 1.415 114.63 1.06 1,128.0 7.208 4.018 6.800 6.670 7293 YINSON 6.700 -0.020 4324.3 6.693 32.73 0.90 7,328.7
2.576 1.283 1.460 1.440 2216 IJMPLNT 1.460 -0.040 173 1.454 — 1.37 1,285.6
0.694 0.550 0.600 0.600 2607 INCKEN 0.600 0.005 1 0.600 — 1.78 252.5
0.798 0.580 0.690 0.680 6262 INNO 0.680 -0.005 12 0.683 68.69 1.47 325.6
4.698 4.064 4.440 4.380 1961 IOICORP 4.380 -0.020 2289.5 4.400 43.58 1.83 27,526.7
0.688 0.430 0.455
25.611 23.000 23.860 23.560
3.950 3.100 3.500
0.445

3.500
4383
2445
2453
JTIASA
KLK
KLUANG
0.445
23.640
3.500
-0.005
-0.140
0.010
239.8
127.8
7
0.450 —
23.68 46.24
3.500 —
1.12
1.90
0.28
433.3
25,235.8
221.1
Ace Market
YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
1.285 1.080 1.130 1.120 5027 KMLOONG 1.130 UNCH 36.2 1.123 22.69 5.31 1,057.0 HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
0.460 0.365 0.375 0.375 1996 KRETAM 0.375 UNCH 140 0.375 — — 872.9
1.150 0.680 0.750 0.750 6572 KWANTAS 0.750 -0.005 20 0.750 — — 233.8 CONSUMER PRODUCTS & SERVICES
0.950 0.690 — — 4936 MALPAC 0.705 — — — — 14.18 52.9 0.740 0.325 0.560 0.550 0098 BAHVEST 0.550 -0.010 1432.8 0.552 63.22 — 673.7
0.731 0.546 0.570 0.560 5026 MHC 0.570 0.015 27 0.567 712.5 2.63 112.0 0.270 0.190 0.205 0.200 0179 BIOHLDG 0.200 -0.005 94.5 0.200 16.67 0.55 172.0
2.000 1.680 — — 5047 NPC 1.900 — — — — — 228.0 0.350 0.150 0.160 0.155 0205 DPIH 0.160 Unch 161 0.158 7.37 — 77.9
3.583 3.082 — — 2038 NSOP 3.320 — — — — 1.81 233.1 0.395 0.095 0.355 0.345 0116 FOCUS 0.355 0.005 3714 0.353 — — 725.4
0.690 0.140 0.315 0.280 1902 PINEPAC 0.280 UNCH 52.3 0.281 — — 41.9 0.477 0.113 0.420 0.400 0157 FOCUSP 0.420 Unch 905.9 0.411 9.15 4.48 92.4
1.310 0.750 0.795 0.760 9695 PLS 0.760 -0.020 170 0.763 — — 266.5 0.125 0.075 0.090 0.085 0074 GOCEAN 0.085 Unch 540.6 0.087 12.69 — 24.6
0.290 0.135 0.145 0.140 5113 RSAWIT 0.145 UNCH 420 0.142 — — 205.7 0.090 0.035 0.070 0.065 0170 KANGER 0.070 0.005 717.8 0.068 10.14 — 62.6
3.701 2.732 — — 2542 RVIEW 2.830 — — — 658.1 1.41 183.5 0.428 0.241 0.310 0.305 0210 KHJB 0.310 0.005 9.7 0.305 11.88 — 117.8
3.178 2.740 3.000 3.000 2569 SBAGAN 3.000 UNCH 1 3.000 — 0.67 199.0 0.205 0.130 0.145 0.145 0180 KTC 0.145 Unch 273.1 0.145 6.22 — 74.0
0.460 0.240 — — 4316 SHCHAN 0.255 — — — — — 33.6 0.165 0.090 — — 0182 LKL 0.095 — — — — — 40.7
5.299 3.934 4.920 4.820 5285 SIMEPLT 4.850 -0.080 2104.4 4.854 95.47 2.12 33,390 0.250 0.100 0.140 0.135 0140 MACPIE 0.140 Unch 33.5 0.138 — — 49.5
2.791 1.919 2.060 2.050 5126 SOP 2.060 UNCH 282 2.059 32.75 2.43 1,176.0 0.575 0.277 0.555 0.535 0201 NOVA 0.555 0.005 558.7 0.547 15.04 0.90 176.3
1.844 1.310 — — 5135 SWKPLNT 1.450 — — — 23.02 3.45 406.0 0.155 0.100 — — 0153 OVERSEA 0.110 — — — — — 27.1
2.720 1.882 2.240 2.180 5012 TAANN 2.200 UNCH 10.3 2.211 13.71 4.55 978.7 0.125 0.060 — — 0022 PARLO 0.070 — — — — — 25.5
0.260 0.145 0.180 0.180 2054 TDM 0.180 0.005 23 0.180 — — 302.9 0.400 0.185 0.190 0.185 0171 PLABS 0.190 0.005 431 0.190 10.73 3.16 40.8
0.715 0.350 0.360 0.350 5112 THPLANT 0.350 -0.010 198.1 0.356 — — 309.3 0.539 0.434 — — 0158 SCC 0.520 — — — 11.85 6.54 73.4
1.177 0.865 0.890 0.880 9059 TSH 0.890 0.015 107.9 0.883 32.25 1.12 1,229.8 0.225 0.075 0.095 0.085 0148 SUNZEN 0.095 0.015 327.1 0.088 — — 50.8
6.105 5.000 5.160 5.130 2593 UMCCA 5.160 0.020 9.9 5.142 — 1.55 1,082.0 0.387 0.255 0.265 0.255 0197 WEGMANS 0.265 0.010 150.1 0.260 8.41 1.89 132.5
27.000 24.006 25.800 25.500 2089 UTDPLT 25.520 0.020 7.5 25.58 16.19 1.57 5,311.6 0.235 0.120 0.230 0.220 0095 XINGHE 0.220 -0.010 2431 0.225 — — 93.9
TELECOMMUNICATIONS & MEDIA INDUSTRIAL PRODUCTS & SERVICES
0.180 0.100 — — 0159 AMEDIA 0.135 — — — — — 32.3 0.300 0.210 — — 0122 AIM 0.270 — — — — — 71.8
0.700 0.605 0.615 0.615 7031 AMTEL 0.615 UNCH 1.3 0.615 9.40 — 33.3 0.095 0.055 0.065 0.060 0105 ASIAPLY 0.065 0.005 500.1 0.060 — 7.69 29.5
1.698 0.999 1.380 1.330 6399 ASTRO 1.340 -0.010 1855.8 1.348 15.11 6.34 6,987.2 0.065 0.040 0.045 0.045 0072 AT 0.045 Unch 166.6 0.045 — — 20.9
5.280 3.161 4.270 4.220 6888 AXIATA 4.230 0.030 4940.3 4.237 — 2.25 38,614.3 0.250 0.140 0.145 0.140 0187 BCMALL 0.145 Unch 383 0.142 10.00 1.38 61.1
0.375 0.100 0.175 0.135 6025 BJMEDIA 0.165 0.035 50.3 0.159 — — 38.8 0.245 0.130 0.145 0.135 0163 CAREPLS 0.145 0.010 903.2 0.142 — — 77.0
5.050 3.852 4.750 4.640 6947 DIGI 4.720 0.110 4422.3 4.717 24.39 4.05 36,698 0.155 0.075 0.090 0.090 0102 CONNECT 0.090 0.005 1.5 0.090 — — 29.6
0.355 0.180 0.190 0.190 0059 ECOHLDS 0.190 UNCH 122 0.190 12.26 — 40.2 0.300 0.170 0.230 0.230 0190 ESAFE 0.230 0.050 1.5 0.230 41.82 7.83 55.3
0.670 0.300 0.660 0.650 0082 GPACKET 0.660 0.005 18503 0.659 — — 601.3 0.204 0.105 0.165 0.165 0100 ESCERAM 0.165 Unch 64.9 0.165 44.59 3.64 33.9
5.756 4.964 5.640 5.570 6012 MAXIS 5.570 -0.030 731.3 5.601 27.44 3.59 43,560.1 0.548 0.326 0.340 0.335 0039 GFM 0.335 Unch 682.2 0.336 12.32 3.28 157.8
0.600 0.325 0.485 0.480 4502 MEDIA 0.480 UNCH 299.5 0.480 — — 532.4 0.235 0.105 0.160 0.150 0175 HHGROUP 0.150 -0.010 744 0.157 — — 50.9
0.271 0.165 0.175 0.170 5090 MEDIAC 0.170 UNCH 641.6 0.171 0.75 6.88 286.8 0.155 0.080 0.110 0.105 0160 HHHCORP 0.105 Unch 856 0.106 10.10 — 35.0
0.660 0.400 0.660 0.630 0172 OCK 0.635 -0.015 7381.9 0.644 20.35 — 553.4 0.260 0.115 — — 0188 HLT 0.215 — — — — — 110.1
0.434 0.326 — — 7190 PPG 0.340 — — — 52.31 1.47 34.0 0.085 0.035 0.035 0.035 0024 JAG 0.035 Unch 10.7 0.035 — — 53.1
0.310 0.165 0.175 0.170 5252 SASBADI 0.175 0.005 353 0.170 92.11 — 73.3 0.340 0.178 0.340 0.310 0193 KAB 0.340 0.020 5481.2 0.328 15.25 2.94 120.4
0.700 0.470 — — 9431 SJC 0.530 — — — — — 21.5 0.170 0.080 0.130 0.125 0167 MCLEAN 0.130 0.005 416.6 0.129 — — 23.2
0.895 0.545 0.555 0.550 6084 STAR 0.555 UNCH 64.2 0.550 — 5.41 409.9 0.240 0.090 0.105 0.105 0081 MEGASUN 0.105 -0.005 0.2 0.105 35.00 — 26.3
9.350 7.329 9.100 9.010 5031 TIMECOM 9.050 -0.050 386.6 9.090 16.69 1.02 5,299.1 0.210 0.105 0.110 0.110 0207 MESTRON 0.110 Unch 582 0.110 — — 86.9
4.680 2.097 3.520 3.430 4863 TM 3.480 -0.010 5723.9 3.489 41.63 0.57 13,103.3 0.115 0.040 0.040 0.040 0177 PASUKGB 0.040 -0.005 160.8 0.040 — — 32.6
0.310 0.045 — — 5754 UTUSAN 0.055 — — — — — 6.1 0.210 0.105 — — 0038 PTB 0.110 — — — — — 20.5
TECHNOLOGY 0.380 0.165 0.175 0.170 0196 QES 0.170 -0.005 383.1 0.172 16.67 — 128.9
0.180 0.040 0.045 0.045 0133 SANICHI 0.045 Unch 332.4 0.045 — — 49.9
0.700 0.605 0.615 0.615 7031 AMTEL 0.615 UNCH 1.3 0.615 9.40 — 33.3 0.180 0.090 0.100 0.100 0161 SCH 0.100 Unch 159 0.100 — — 55.6
0.190 0.115 0.125 0.120 5195 CENSOF 0.120 -0.005 50.8 0.120 400.0 — 60.2 0.982 0.429 0.870 0.825 0001 SCOMNET 0.835 -0.025 1312.3 0.846 32.12 1.20 536.9
0.330 0.160 0.180 0.175 0051 CUSCAPI 0.180 UNCH 1344.6 0.180 — — 154.7 0.290 0.115 — — 0028 SCOPE 0.155 — — — — 3.23 96.0
0.985 0.490 0.565 0.545 7204 D&O 0.565 0.020 2029.8 0.559 19.82 1.77 627.2 0.120 0.080 0.090 0.085 0055 SERSOL 0.085 Unch 150.3 0.085 — — 18.3
0.285 0.160 0.170 0.165 8338 DATAPRP 0.170 UNCH 19 0.165 — — 74.4 0.580 0.260 0.295 0.270 0211 TASHIN 0.285 0.015 1552.5 0.280 7.54 — 99.5
0.080 0.040 0.050 0.045 0029 DIGISTA 0.050 UNCH 101 0.045 — — 32.9 0.496 0.241 0.300 0.290 0084 TECFAST 0.300 0.010 346.2 0.297 21.13 3.33 68.4
0.447 0.192 0.265 0.260 4456 DNEX 0.260 UNCH 1394.5 0.261 14.61 1.92 457.1 0.663 0.360 0.405 0.360 0089 TEXCYCL 0.370 -0.015 386.6 0.386 14.45 1.62 94.8
0.950 0.280 0.940 0.910 5216 DSONIC 0.915 UNCH 18689 0.923 28.59 2.73 1,235.3 0.390 0.215 0.240 0.230 0162 WIDAD 0.240 0.015 1071.8 0.235 24.24 — 589.1
0.775 0.380 0.440 0.430 5036 EDARAN 0.435 -0.010 133.7 0.436 — — 26.1 0.180 0.115 0.130 0.125 0025 YBS 0.130 0.005 50 0.127 11.61 — 31.5
0.813 0.367 0.645 0.630 0065 EFORCE 0.635 UNCH 2679.6 0.636 38.25 1.97 390.8 TECHNOLOGY
1.430 0.756 0.910 0.860 0090 ELSOFT 0.905 0.050 3399.1 0.891 19.50 4.97 604.6 0.380 0.175 0.265 0.255 0181 AEMULUS 0.260 0.005 716.1 0.260 173.3 0.77 142.9
1.709 0.566 1.700 1.670 0128 FRONTKN 1.670 -0.010 5467.8 1.684 26.59 1.08 1,759.2 0.195 0.075 0.090 0.080 0119 APPASIA 0.085 Unch 460.2 0.085 — — 29.3
0.240 0.080 — — 9377 FSBM 0.095 — — — — — 13.4 0.300 0.135 0.140 0.135 0068 ASDION 0.140 Unch 208.5 0.139 — — 17.9
1.860 1.240 1.430 1.380 0021 GHLSYS 1.420 UNCH 575.4 1.420 38.90 — 1,063.9 0.465 0.200 0.250 0.220 0195 BINACOM 0.245 0.030 3091.6 0.238 11.89 4.08 63.7
0.670 0.300 0.660 0.650 0082 GPACKET 0.660 0.005 18503 0.659 — — 601.3 0.347 0.180 — — 0191 CABNET 0.195 — — — 7.56 4.10 34.9
0.300 0.176 0.255 0.250 0056 GRANFLO 0.250 -0.005 68 0.250 12.20 2.00 120.8 0.180 0.090 0.095 0.090 0152 DGB 0.090 -0.005 150 0.094 — — 68.1
2.537 1.350 1.790 1.750 7022 GTRONIC 1.780 UNCH 659.4 1.775 20.92 1.54 1,191.6 0.105 0.065 0.100 0.090 0131 DGSB 0.095 Unch 1145.5 0.095 67.86 — 70.8
1.440 0.340 1.230 1.180 5028 HTPADU 1.200 -0.020 1259.9 1.206 — — 121.5 0.025 0.005 0.015 0.010 0154 EAH 0.015 Unch 1426.6 0.012 — — 76.1
2.345 1.197 1.760 1.710 0166 INARI 1.730 UNCH 19005 1.733 28.69 3.01 5,499.8 0.075 0.015 0.060 0.055 0107 EDUSPEC 0.055 Unch 6357.9 0.060 — — 60.6
0.353 0.242 0.265 0.265 0192 INTA 0.265 -0.005 43.6 0.265 5.65 2.83 141.8 2.015 1.040 1.060 1.060 0104 GENETEC 1.060 Unch 10.7 1.060 35.69 4.72 44.8
0.145 0.070 — — 9393 ITRONIC 0.095 — — — — — 12.7 0.100 0.045 0.065 0.060 0045 GNB 0.065 Unch 215.2 0.060 — — 18.8
0.290 0.155 0.170 0.165 5161 JCY 0.165 UNCH 47 0.166 — 3.03 342.7 1.470 0.635 1.430 1.390 0208 GREATEC 1.410 Unch 2248.3 1.407 18.46 — 882.7
17.016 6.660 6.900 6.700 9334 KESM 6.840 0.140 61.1 6.824 19.26 0.44 294.2 0.050 0.015 0.015 0.015 0174 IDMENSN 0.015 -0.005 15.5 0.015 — — 4.1
0.220 0.080 0.085 0.080 0143 KEYASIC 0.080 -0.005 906 0.080 — — 76.0 0.506 0.180 0.315 0.310 0023 IFCAMSC 0.310 Unch 2011 0.312 17.03 3.23 188.6
0.405 0.310 — — 0302 MCOM 0.405 — — — 36.82 — 76.4 0.120 0.045 0.060 0.055 0094 INIX 0.060 0.005 2475 0.057 — — 16.3
3.321 1.442 2.030 1.940 5286 MI 2.020 0.080 2704 2.002 22.25 2.97 1,010.0 0.195 0.125 0.155 0.150 0010 IRIS 0.155 0.005 10259 0.151 14.09 — 459.8
1.262 0.585 0.620 0.595 0113 MMSV 0.600 UNCH 1899.8 0.605 17.96 3.33 122.3 0.275 0.150 0.175 0.165 0209 ISTONE 0.175 0.010 12053 0.173 14.23 — 213.8
12.837 8.330 8.920 8.800 3867 MPI 8.870 0.120 171.9 8.872 13.13 3.04 1,861.7 1.020 0.640 0.785 0.780 0146 JFTECH 0.785 0.010 2 0.783 49.37 — 164.8
1.930 0.950 — — 5011 MSNIAGA 1.170 — — — — — 70.7 1.450 0.805 1.170 1.150 0127 JHM 1.160 0.010 277.9 1.165 17.50 1.72 646.8
1.794 0.779 1.440 1.420 0138 MYEG 1.420 -0.010 5922.5 1.427 59.17 1.34 5,121.0 0.292 0.190 0.200 0.195 0111 K1 0.195 -0.005 430.3 0.199 17.26 — 142.1
0.257 0.177 0.205 0.195 0041 MYSCM 0.195 -0.005 1663.9 0.199 — — 62.1 0.080 0.030 — — 0036 KGROUP 0.035 — — — — — 18.2
0.743 0.460 0.520 0.510 0083 NOTION 0.510 -0.005 226.6 0.511 4.82 1.96 169.9 0.737 0.496 0.615 0.600 0176 KRONO 0.600 -0.005 3942 0.608 12.35 3.33 293.6
0.450 0.320 0.415 0.405 9008 OMESTI 0.415 -0.005 111 0.409 — — 198.6 0.160 0.050 0.055 0.055 0018 LAMBO 0.055 Unch 1358.1 0.055 7.14 — 115.6
3.920 1.532 3.920 3.660 7160 PENTA 3.860 0.180 4316.2 3.767 24.43 — 1,833.0 0.545 0.275 0.325 0.315 0075 LYC 0.320 Unch 144.3 0.320 — — 104.0
1.080 0.255 0.465 0.435 5204 PRESBHD 0.460 0.035 11553 0.448 — 3.70 222.6 0.070 0.035 0.045 0.045 0017 M3TECH 0.045 Unch 45 0.045 — — 26.4
0.535 0.240 0.470 0.440 9075 THETA 0.460 0.020 7.1 0.460 — — 49.3 0.425 0.205 — — 0155 MGRC 0.265 — — — — — 27.4
0.025 0.010 0.015 0.015 0118 TRIVE 0.015 UNCH 170 0.015 — — 35.2 0.700 0.305 0.600 0.550 0126 MICROLN 0.590 -0.010 26.5 0.568 113.4 — 98.7
0.200 0.105 — — 4359 TURIYA 0.110 — — — — — 25.2 0.324 0.175 0.190 0.190 0112 MIKROMB 0.190 Unch 48.6 0.190 20.88 4.21 112.0
3.233 1.920 2.100 2.080 5005 UNISEM 2.080 0.030 15.6 2.087 19.12 3.97 1,526.4 0.065 0.035 0.045 0.040 0085 MLAB 0.045 Unch 1025 0.040 — — 30.2
1.630 1.100 1.610 1.580 5292 UWC 1.590 UNCH 2270.1 1.590 16.09 — 583.2 0.290 0.200 0.290 0.275 0034 MMAG 0.275 Unch 974.2 0.278 — — 195.5
8.444 5.667 7.110 7.020 0097 VITROX 7.080 0.060 279.7 7.083 31.58 0.81 3,334.4 0.100 0.035 0.095 0.090 0103 MNC 0.095 0.005 13747 0.095 — — 45.4
1.090 0.884 — — 5162 VSTECS 1.030 — — — 6.96 4.85 185.4 0.165 0.095 0.105 0.100 0156 MPAY 0.100 Unch 756 0.101 — — 71.0
0.601 0.325 0.410 0.400 0008 WILLOW 0.405 UNCH 127 0.402 13.97 2.47 200.9 0.050 0.020 0.025 0.025 0070 MQTECH 0.025 Unch 597.2 0.025 — — 16.1
UTILITIES 0.115 0.050 0.115 0.095 0092 MTOUCHE 0.115 0.010 6926.7 0.107 — — 58.5
0.270 0.090 0.140 0.135 7471 EDEN 0.140 UNCH 1283.9 0.136 — — 56.5 1.202 0.691 0.730 0.725 0108 N2N 0.730 0.010 99.9 0.727 29.44 2.74 436.5
0.025 0.005 0.015 0.010 0020 NETX 0.010 Unch 1725.1 0.010 — — 32.7
2.960 2.587 2.860 2.830 5209 GASMSIA 2.830 -0.020 665.7 2.850 19.93 4.88 3,633.7 0.025 0.010 0.015 0.010 0096 NEXGRAM 0.015 Unch 1144.3 0.015 — — 31.1
0.923 0.695 0.860 0.840 5264 MALAKOF 0.840 -0.010 851.7 0.847 1.71 7.07 4,200.0 0.185 0.080 0.085 0.085 0026 NOVAMSC 0.085 Unch 104.7 0.085 — — 63.9
4.007 2.973 3.870 3.800 3069 MFCB 3.870 0.010 21.6 3.834 12.38 1.03 1,641.0 0.910 0.435 0.645 0.625 0035 OPCOM 0.625 -0.015 4009.1 0.633 — 5.20 100.8
1.253 1.002 1.150 1.140 5041 PBA 1.140 0.020 31 1.143 — 3.07 377.6 0.364 0.267 0.355 0.345 0040 OPENSYS 0.345 0.005 1477.2 0.349 10.36 3.62 102.8
19.577 14.740 16.740 16.200 6033 PETGAS 16.420 0.100 1187.6 16.44 17.69 4.38 32,490.8 0.230 0.045 0.095 0.085 0079 ORION 0.085 -0.005 2742.3 0.091 — — 60.1
1.440 0.580 1.280 1.260 5272 RANHILL 1.260 -0.030 78.3 1.275 27.51 3.44 1,343.1 0.730 0.240 — — 0006 PINEAPP 0.320 — — — — — 15.5
0.298 0.211 0.230 0.225 8567 SALCON 0.230 UNCH 212.7 0.229 54.76 3.35 194.8 0.100 0.045 0.050 0.050 0123 PRIVA 0.050 -0.005 0.9 0.050 — — 27.9
1.013 0.845 0.925 0.915 8524 TALIWRK 0.920 UNCH 495.5 0.918 20.67 5.22 1,854.6 1.730 0.867 1.520 1.510 0200 REVENUE 1.520 0.020 268.1 1.516 37.44 — 354.1
15.385 11.240 13.900 13.800 5347 TENAGA 13.800 -0.140 1365.9 13.82 25.80 3.84 78,479.1 0.750 0.525 — — 0106 REXIT 0.600 — — — 13.67 5.00 113.6
1.250 0.965 0.980 0.970 4677 YTL 0.975 -0.005 3189.4 0.974 40.12 4.10 10,714.5 0.345 0.200 0.245 0.240 0202 RGTECH 0.245 0.005 110 0.242 42.98 — 128.7
1.056 0.685 0.745 0.730 6742 YTLPOWR 0.730 -0.010 7934.6 0.735 12.19 6.85 5,955.5 0.310 0.090 0.125 0.125 0178 SEDANIA 0.125 -0.005 130 0.125 — — 31.0
CLOSED-END FUNDS 0.610 0.370 0.500 0.485 0203 SMETRIC 0.500 0.015 10 0.487 151.52 — 121.8
2.800 2.300 2.350 2.330 5108 ICAP 2.350 UNCH 15.9 2.337 81.88 — 329.0 0.155 0.090 0.095 0.090 0117 SMRT 0.090 -0.010 53.5 0.095 — — 36.6
EXCHANGE TRADED FUNDS 0.250 0.055 0.245 0.235 0169 SMTRACK 0.245 Unch 4784.4 0.245 — — 38.3
1.222 1.100 — — 0800EA ABFMY1 1.222 — — — — 1.91 1,580.0 0.150 0.080 0.090 0.090 0093 SOLUTN 0.090 0.005 58.6 0.090 — — 27.6
6.140 5.220 5.740 5.700 0829EA CHINAETF-MYR 5.700 0.020 18.5 5.718 — — 9.4 0.340 0.195 — — 0129 SRIDGE 0.210 — — — 15.11 — 29.5
1.345 1.345 — — 0829EB CHINAETF-USD 1.345 — — — — — 0.9 0.325 0.155 0.160 0.160 0050 SYSTECH 0.160 Unch 82.9 0.160 — 1.25 55.6
1.950 1.780 1.830 1.830 0822EA CIMBA40 1.830 UNCH 6 1.830 — 3.74 4.9 0.125 0.045 0.055 0.045 0132 TDEX 0.055 -0.005 2290.4 0.050 — — 32.5
1.690 1.450 1.540 1.540 0823EA CIMBC50 1.540 -0.020 43 1.540 — — 11.0 0.160 0.085 — — 0145 TFP 0.090 — — — — — 18.7
1.910 1.675 1.680 1.675 0820EA FBMKLCI-EA 1.680 0.005 3.6 1.680 — 1.96 2.8 0.340 0.125 0.145 0.140 0005 UCREST 0.140 -0.005 1590.9 0.140 9.46 — 65.0
1.070 0.940 — — 0826EA METFAPA 0.945 — — — — — 17.0 0.330 0.108 0.165 0.160 0060 VC 0.160 Unch 46.2 0.161 — — 62.4
1.000 0.790 — — 0825EA METFSID 0.835 — — — — 2.38 73.5 0.775 0.305 0.375 0.370 0120 VIS 0.375 0.010 202.5 0.372 10.45 2.67 63.4
1.180 0.900 — — 0827EA METFUS50 1.160 — — — — — 15.1 0.030 0.015 0.020 0.015 0069 VIVOCOM 0.020 Unch 77.5 0.015 — — 113.3
1.200 1.020 — — 0821EA MYETFDJ 1.065 — — — — 2.29 291.7 0.255 0.085 0.115 0.100 0066 VSOLAR 0.105 -0.005 68962 0.111 — — 40.5
1.200 1.040 — — 0824EA MYETFID 1.110 — — — — 2.49 44.0 0.045 0.035 — — 0141 WINTONI 0.035 — — — — — 18.0
REAL ESTATE INVESTMENT TRUSTS 0.145 0.100 — — 0086 YGL 0.110 — — — — — 25.6
0.820 0.654 0.780 0.770 4952 AHP 0.780 0.010 12.3 0.771 11.82 7.47 171.6 TELECOMMUNICATIONS & MEDIA
1.550 1.150 1.530 1.530 5116 ALAQAR 1.530 0.020 10.8 1.530 12.38 5.78 1,126.1 0.465 0.200 0.250 0.220 0195 BINACOM 0.245 0.030 3091.6 0.238 11.89 4.08 63.7
0.935 0.731 0.895 0.885 5269 ALSREIT 0.885 -0.010 0.9 0.892 12.22 6.09 513.3 0.720 0.420 — — 0147 INNITY 0.460 — — — 30.07 — 64.0
0.552 0.486 0.510 0.505 5120 AMFIRST 0.510 UNCH 26.3 0.509 16.50 7.73 350.1 0.070 0.035 0.045 0.045 0017 M3TECH 0.045 Unch 45 0.045 — — 26.4
0.850 0.810 0.830 0.825 5127 ARREIT 0.825 UNCH 72.5 0.826 35.71 6.99 472.9 0.100 0.035 0.095 0.090 0103 MNC 0.095 0.005 13747 0.095 — — 45.4
1.215 1.040 1.050 1.050 5130 ATRIUM 1.050 UNCH 131.8 1.050 12.08 6.98 214.9 0.115 0.050 0.115 0.095 0092 MTOUCHE 0.115 0.010 6926.7 0.107 — — 58.5
1.990 1.349 1.860 1.840 5106 AXREIT 1.840 -0.010 3769.1 1.845 14.91 5.17 2,276.6 0.025 0.010 0.015 0.010 0096 NEXGRAM 0.015 Unch 1144.3 0.015 — — 31.1
1.097 0.919 1.050 1.030 5180 CMMT 1.040 0.010 742.2 1.039 23.96 6.47 2,133.8 0.910 0.435 0.645 0.625 0035 OPCOM 0.625 -0.015 4009.1 0.633 — 5.20 100.8
1.142 0.955 1.000 0.985 5121 HEKTAR 1.000 0.020 200.7 0.992 15.22 8.34 462.0 0.100 0.045 0.050 0.050 0123 PRIVA 0.050 -0.005 0.9 0.050 — — 27.9
2.100 1.534 2.070 2.000 5227 IGBREIT 2.050 -0.010 5641.4 2.041 21.22 4.50 7,269.0 0.165 0.060 0.070 0.065 0007 PUC 0.070 0.005 2669.3 0.066 15.91 — 154.1
0.863 0.698 0.835 0.830 5280 KIPREIT 0.835 UNCH 143.4 0.833 12.39 7.22 421.9 0.454 0.146 0.405 0.395 0032 REDTONE 0.405 0.010 1716.5 0.401 16.60 — 307.3
8.388 7.060 8.350 8.020 5235SS KLCC 8.050 -0.100 1625.1 8.056 19.93 4.34 14,532.9 0.355 0.130 0.140 0.130 0173 REV 0.135 -0.005 138.3 0.135 — — 18.2
1.080 1.020 1.030 1.020 5123 MQREIT 1.020 -0.010 47.9 1.023 16.94 7.07 1,093.2 0.310 0.090 0.125 0.125 0178 SEDANIA 0.125 -0.005 130 0.125 — — 31.0
1.900 1.447 1.880 1.830 5212 PAVREIT 1.840 -0.020 1313.8 1.842 19.21 4.80 5,595.6 0.340 0.195 — — 0129 SRIDGE 0.210 — — — 15.11 — 29.5
1.980 1.534 1.930 1.890 5176 SUNREIT 1.910 UNCH 4118.7 1.906 14.45 5.02 5,625.1 0.070 0.040 0.050 0.045 0165 XOX 0.050 Unch 200.4 0.047 — — 54.6
0.909 0.813 0.860 0.860 5111 TWRREIT 0.860 UNCH 24 0.860 26.14 6.90 241.2 FINANCIAL SERVICES
1.425 1.187 1.310 1.300 5110 UOAREIT 1.300 -0.010 70 1.309 15.20 7.02 549.7 0.075 0.040 — — 0150 FINTEC 0.050 — — — — — 30.7
1.390 1.073 1.380 1.370 5109 YTLREIT 1.370 -0.010 2286 1.379 22.28 5.64 2,335.0 0.600 0.390 0.420 0.415 0053 OSKVI 0.420 -0.010 10.5 0.419 — — 83.0
SPAC HEALTH CARE
0.245 0.130 0.145 0.135 0163 CAREPLS 0.145 0.010 903.2 0.142 — — 77.0
0.51 0.480 — — 5270 RSENA 0.505 — — — — — 505.0 0.165 0.090 — — 0182 LKL 0.095 — — — — — 40.7
ENERGY 0.425 0.205 — — 0155 MGRC 0.265 — — — — — 27.4
0.155 0.056 0.095 0.090 5115 ALAM 0.090 -0.005 349 0.092 — — 86.2 0.575 0.277 0.555 0.535 0201 NOVA 0.555 0.005 558.7 0.547 15.04 0.90 176.3
0.605 0.145 0.290 0.275 5210 ARMADA 0.275 -0.010 65762 0.281 — — 1,616.0 TRANSPORTATION & LOGISTICS
0.165 0.025 0.035 0.030 7251 BARAKAH 0.035 UNCH 305.5 0.032 — — 29.3 0.110 0.055 — — 0048 ANCOMLB 0.060 — — — — — 28.4
0.995 0.201 0.980 0.955 5257 CARIMIN 0.970 0.005 4203.3 0.969 78.86 3.09 226.9 0.285 0.195 0.210 0.205 0080 STRAITS 0.210 0.005 340.9 0.205 19.81 — 136.6
1.370 0.735 0.935 0.920 5071 COASTAL 0.920 -0.005 85.7 0.922 33.45 — 489.3 0.500 0.295 — — 0199 TRIMODE 0.380 — — — 18.27 2.63 63.1
0.035 0.005 0.010 0.005 0091 DAYA 0.005 UNCH 220 0.010 — — 10.2 CONSTRUCTION
1.750 0.500 1.580 1.530 5141 DAYANG 1.560 -0.010 11672 1.548 7.78 — 1,505.1 0.348 0.205 0.300 0.295 0198 GDB 0.300 Unch 178 0.295 7.06 6.67 187.5
1.281 0.786 0.985 0.940 5132 DELEUM 0.950 -0.050 978.8 0.952 13.57 3.84 381.5 0.392 0.230 — — 0206 NADIBHD 0.255 — — — 6.04 — 192.0
3.615 2.703 3.520 3.490 7277 DIALOG 3.490 -0.010 8716.3 3.496 36.70 0.95 19,689.3 0.050 0.010 0.030 0.030 0109 SCBUILD 0.030 Unch 260.3 0.030 15.00 — 26.5
0.510 0.275 0.370 0.360 7253 HANDAL 0.360 -0.005 15.1 0.365 — — 78.8 PLANTATION
7.060 4.290 4.350 4.300 4324 HENGYUAN 4.310 0.010 338.4 4.314 — — 1,293.0 0.080 0.065 0.065 0.065 0189 MATANG 0.065 Unch 636 0.065 72.22 3.08 117.7
1.360 0.760 0.975 0.950 5199 HIBISCS 0.955 -0.020 7332.8 0.966 6.60 — 1,516.8 UTILITIES
0.300 0.130 0.140 0.135 2739 HUAAN 0.135 UNCH 873.7 0.136 15.34 — 151.5 0.347 0.172 0.215 0.215 0011 BTECH 0.215 0.010 7.9 0.215 13.19 7.44 54.2
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 8 Markets FR I DAY SEP TEM B ER 1 3 , 2 0 1 9 • TH EEDGE F I N AN C I AL DAI LY

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 YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE
Main Market & Ace Market Warrants
0.140 0.115 0.135 0.130 5199C8 HIBISCS-C8 0.130 -0.010 740 0.955 1.000 26.49 31/03/2020
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY 0.145 0.025 0.035 0.030 5199CZ HIBISCS-CZ 0.030 -0.005 600 0.955 1.050 17.80 31/10/2019
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE 0.665 0.275 0.300 0.290 5199WC HIBISCS-WC 0.295 -0.005 644.8 0.955 1.060 41.88 19/03/2021
0.350 0.100 0.155 0.155 8443WB HIL-WB 0.155 -0.065 0.2 0.510 1.080 142.16 25/10/2027
0.390 0.005 0.020 0.020 70338 A50CHIN-C38 0.020 -0.015 75 2.998 8.801 194.58 30/09/2019 0.160 0.005 — — 5819CO HLBANK-CO 0.005 — — 2.358 22.000 836.17 23/10/2019
0.470 0.115 0.185 0.170 70340 A50CHIN-C40 0.185 0.015 161 8.052 8.428 9.27 26/11/2019 0.155 0.030 0.065 0.065 0188WA HLT-WA 0.065 Unch 49.9 0.215 0.200 23.26 27/12/2022
0.555 0.220 0.385 0.355 70342 A50CHIN-C42 0.385 0.045 1918.2 8.051 8.001 6.56 31/12/2019 0.180 0.015 0.020 0.015 5160WA HOMERIZ-WA 0.020 Unch 615 0.625 0.920 50.40 09/07/2020
0.150 0.125 0.135 0.135 70344 A50CHIN-C44 0.135 0.005 31.8 8.052 8.961 16.32 20/02/2020 0.315 0.125 0.205 0.195 5160WB HOMERIZ-WB 0.195 Unch 1306.4 0.625 0.540 17.60 03/07/2022
0.195 0.130 0.195 0.185 70348 A50CHIN-C48 0.195 0.015 4815 8.052 9.335 19.56 31/03/2020 0.008 0.003 0.005 0.005 7013WA HUBLINE-WA 0.005 Unch 8 0.055 3.160 5,655 04/11/2019
0.390 0.275 0.390 0.360 70350 A50CHIN-C50 0.385 0.040 4996.6 8.051 8.268 9.87 31/03/2020 0.015 0.005 0.005 0.005 7013WB HUBLINE-WB 0.005 Unch 26.9 0.055 0.200 272.73 20/12/2020
0.480 0.035 0.035 0.035 70329 A50CHIN-H29 0.035 -0.015 1.6 5.032 7.468 49.45 30/09/2019 0.025 0.010 0.025 0.020 7013WC HUBLINE-WC 0.025 0.005 1822.5 0.055 0.055 45.45 17/12/2023
0.090 0.010 0.020 0.010 5238WA AAX-WA 0.010 -0.005 5281.3 0.175 0.460 168.57 08/06/2020 0.055 0.020 — — 9601WD HWGB-WD 0.030 — — 0.080 0.320 337.50 15/03/2021
0.080 0.020 0.020 0.020 2488C1 ABMB-C1 0.020 -0.010 30 3.010 3.880 30.90 14/02/2020 0.045 0.005 — — 4251WA IBHD-WA 0.005 — — 0.305 1.410 363.93 08/10/2019
0.225 0.090 0.095 0.090 6599CR AEON-CR 0.090 -0.010 48 1.500 1.450 8.67 31/03/2020 0.870 0.290 0.420 0.405 9687WB IDEAL-WB 0.405 -0.015 34 1.530 1.000 -8.17 30/03/2021
0.115 0.030 0.035 0.030 5139CC AEONCR-CC 0.035 Unch 600 15.060 16.650 14.04 31/01/2020 0.020 0.005 — — 0174WA IDMENSN-WA 0.005 — — 0.015 0.200 1,267 14/07/2020
0.130 0.050 0.055 0.055 509981 AIRASIAC81 0.055 -0.005 299.9 1.800 1.847 13.09 31/01/2020 0.125 0.125 0.125 0.125 522516 IHH-C16 0.125 Unch 30 5.690 6.100 14.89 31/03/2020
0.135 0.020 0.020 0.020 509982 AIRASIAC82 0.020 -0.005 500 1.800 1.916 9.09 14/10/2019 0.210 0.100 0.115 0.110 333630 IJM-C30 0.115 0.010 159.8 2.250 2.000 4.22 29/11/2019
0.200 0.045 0.050 0.045 509983 AIRASIAC83 0.050 Unch 120 1.800 1.971 14.41 31/10/2019 0.170 0.100 0.110 0.110 333632 IJM-C32 0.110 0.005 64.8 2.250 2.280 11.11 14/02/2020
0.275 0.125 0.130 0.130 509985 AIRASIAC85 0.130 -0.005 30 1.800 1.711 8.86 20/12/2019 0.100 0.090 0.095 0.095 333633 IJM-C33 0.095 0.005 230 2.250 2.550 25.16 31/03/2020
0.200 0.085 0.090 0.090 509986 AIRASIAC86 0.090 Unch 200 1.800 2.053 24.30 31/01/2020 0.105 0.005 — — 16626 INARI-C26 0.005 — — 0.285 1.850 554.39 30/09/2019
0.145 0.040 0.045 0.045 509987 AIRASIAC87 0.045 Unch 820 1.800 2.326 33.52 31/01/2020 0.130 0.030 0.045 0.045 16640 INARI-C40 0.045 0.005 10 1.730 1.860 14.28 31/10/2019
0.100 0.040 0.055 0.055 509988 AIRASIAC88 0.055 0.005 64 1.800 2.053 21.35 29/05/2020 0.125 0.080 0.105 0.105 16643 INARI-C43 0.105 0.005 2600 1.730 1.780 24.13 31/01/2020
0.115 0.045 0.055 0.050 509989 AIRASIAC89 0.055 Unch 490 1.800 2.039 19.54 14/02/2020 0.180 0.120 0.165 0.165 16644 INARI-C44 0.165 0.005 200 1.730 1.500 11.50 31/01/2020
0.070 0.030 0.030 0.030 509990 AIRASIAC90 0.030 Unch 50 1.800 3.480 97.50 28/02/2020 0.125 0.100 0.125 0.120 16645 INARI-C45 0.120 Unch 1200 1.730 1.880 29.48 30/06/2020
0.065 0.060 0.065 0.065 509991 AIRASIAC91 0.065 Unch 950 1.800 2.280 36.06 16/03/2020 0.090 0.050 0.080 0.080 16646 INARI-C46 0.080 Unch 40 1.730 1.800 15.61 28/02/2020
0.090 0.080 0.085 0.080 509992 AIRASIAC92 0.085 Unch 2240 1.800 1.950 20.61 31/03/2020 0.085 0.055 0.085 0.085 16647 INARI-C47 0.085 0.015 98 1.730 1.780 17.63 30/04/2020
0.105 0.010 0.025 0.020 5014C4 AIRPORT-C4 0.025 Unch 231.9 8.640 8.350 -0.75 30/09/2019 0.100 0.070 0.100 0.095 16648 INARI-C48 0.095 Unch 3213 1.730 1.850 22.31 31/03/2020
0.200 0.050 0.150 0.135 5014C8 AIRPORT-C8 0.150 Unch 200 8.640 8.000 3.01 29/11/2019 0.110 0.110 0.110 0.110 16649 INARI-C49 0.110 Unch 0.2 1.730 1.650 14.45 27/04/2020
0.185 0.100 0.110 0.110 5014C9 AIRPORT-C9 0.110 Unch 4.1 8.640 8.000 2.78 30/04/2020 1.880 0.710 1.230 1.200 0166WB INARI-WB 1.200 Unch 185.6 1.730 0.533 0.19 17/02/2020
0.070 0.035 0.040 0.040 5115WA ALAM-WA 0.040 -0.005 1920.4 0.090 0.120 77.78 28/03/2022 0.180 0.025 0.040 0.035 3379WB INSAS-WB 0.040 0.005 493.5 0.810 1.000 28.40 25/02/2020
0.100 0.025 0.030 0.030 101514 AMBANK-C14 0.030 -0.005 40 4.050 4.500 14.81 31/01/2020 0.020 0.005 0.005 0.005 0024WB JAG-WB 0.005 Unch 478.7 0.035 0.150 342.86 15/11/2020
0.190 0.090 0.180 0.170 521051 ARMADA-C51 0.170 -0.010 175 0.275 0.235 16.36 30/06/2020 0.685 0.150 0.525 0.505 4723WB JAKS-WB 0.505 -0.015 28 0.765 0.640 49.67 13/12/2023
0.105 0.065 0.100 0.100 521052 ARMADA-C52 0.100 -0.005 100 0.275 0.300 45.45 11/02/2020 0.170 0.050 0.075 0.075 0111WC K1-WC 0.075 Unch 246.5 0.195 0.300 92.31 30/12/2021
0.080 0.075 0.080 0.075 521053 ARMADA-C53 0.075 Unch 0.4 0.275 0.280 29.09 27/04/2020 0.050 0.010 0.030 0.025 0170WA KANGER-WA 0.030 0.005 10 0.070 0.100 85.71 13/04/2020
0.285 0.140 0.165 0.160 7579WA AWC-WA 0.160 0.005 28 0.600 0.880 73.33 25/12/2023 0.345 0.140 0.275 0.275 7161WB KERJAYA-WB 0.275 Unch 59.5 1.400 1.600 33.93 28/02/2023
0.295 0.090 0.110 0.105 688836 AXIATA-C36 0.105 Unch 2619.7 4.230 3.750 2.30 23/10/2019 0.025 0.005 — — 0036WB KGROUP-WB 0.005 — — 0.035 0.200 485.71 01/05/2020
0.230 0.105 0.110 0.110 688838 AXIATA-C38 0.110 Unch 1035 4.230 4.440 20.57 30/04/2020 0.315 0.010 0.185 0.175 7164WB KNM-WB 0.175 -0.010 5856.8 0.375 1.000 213.33 21/04/2020
0.180 0.050 0.065 0.060 688839 AXIATA-C39 0.060 Unch 6745.6 4.230 4.880 24.59 31/01/2020 0.090 0.010 0.070 0.070 7017WB KOMARK-WB 0.070 Unch 150 0.325 0.230 -7.69 21/01/2020
0.210 0.070 0.075 0.075 688840 AXIATA-C40 0.075 0.005 222 4.230 4.880 26.00 06/01/2020 0.110 0.070 0.075 0.075 7153CZ KOSSAN-CZ 0.075 0.005 200 4.260 4.250 8.57 23/10/2019
0.180 0.040 0.055 0.050 688841 AXIATA-C41 0.050 0.005 587 4.230 5.000 25.30 23/01/2020 0.045 0.005 0.015 0.015 5172WA KSTAR-WA 0.015 Unch 4615.8 0.095 0.080 0.00 10/04/2021
0.160 0.055 0.060 0.060 688842 AXIATA-C42 0.060 0.005 420 4.230 5.600 40.90 31/03/2020 0.310 0.125 0.150 0.145 9385WA LAYHONG-WA 0.145 0.005 369.3 0.405 0.400 34.57 13/10/2021
0.110 0.015 0.015 0.015 688843 AXIATA-C43 0.015 -0.050 0.2 4.230 5.500 31.80 29/05/2020 0.260 0.135 0.145 0.140 8494WB LBICAP-WB 0.145 Unch 206 0.650 0.500 -0.77 24/06/2024
0.100 0.035 0.040 0.040 688844 AXIATA-C44 0.040 0.005 300 4.230 5.380 32.86 14/02/2020 0.060 0.010 0.025 0.025 6633CK LHI-CK 0.025 Unch 50 0.815 0.950 22.70 28/02/2020
0.120 0.055 0.065 0.065 688845 AXIATA-C45 0.065 Unch 1360 4.230 4.880 27.66 28/08/2020 0.180 0.170 0.180 0.180 6633CL LHI-CL 0.180 0.005 600 0.815 0.750 14.11 28/08/2020
0.485 0.170 0.310 0.305 0098WA BAHVEST-WA 0.310 Unch 1044 0.550 0.430 34.55 20/08/2024 0.126 0.005 0.010 0.010 7126WA LONBISC-WA 0.010 Unch 106.1 0.145 0.800 458.62 26/01/2020
0.225 0.005 — — 4162CN BAT-CN 0.005 — — 11.270 40.000 256.48 23/10/2019 0.050 0.020 0.030 0.025 5068WB LUSTER-WB 0.030 Unch 920.8 0.070 0.100 85.71 26/05/2023
0.085 0.050 0.075 0.055 4162CP BAT-CP 0.075 0.020 714.8 19.800 23.500 28.16 15/05/2020 0.055 0.010 0.015 0.015 0140WA MACPIE-WA 0.015 Unch 20 0.140 0.480 253.57 17/02/2021
0.180 0.070 0.085 0.085 5248C4 BAUTO-C4 0.085 0.015 25.8 2.360 2.318 8.73 28/02/2020 0.350 0.135 0.280 0.200 7617WB MAGNA-WB 0.200 -0.075 140 1.020 0.900 7.84 04/09/2020
0.009 0.004 — — 5248C5 BAUTO-C5 0.005 — — 0.254 2.800 1,008 14/02/2020 0.140 0.120 0.140 0.130 3859C5 MAGNUM-C5 0.140 0.005 50.7 2.840 3.000 15.49 16/03/2020
0.395 0.115 0.255 0.250 5258WA BIMB-WA 0.250 Unch 273.9 3.960 4.720 25.51 04/12/2023 0.075 0.005 0.010 0.005 8583WC MAHSING-WC 0.005 -0.005 40 0.418 2.100 403.59 21/02/2020
0.070 0.015 0.020 0.020 6998WA BINTAI-WA 0.020 Unch 150 0.120 0.200 83.33 15/06/2020 0.260 0.050 0.060 0.055 5236WA MATRIX-WA 0.060 0.005 221.5 1.930 2.400 27.46 20/07/2020
0.135 0.055 0.060 0.060 0179WA BIOHLDG-WA 0.060 Unch 14 0.200 0.220 40.00 05/01/2022 0.165 0.105 0.130 0.125 601211 MAXIS-C11 0.125 Unch 320 5.570 5.280 8.26 30/04/2020
0.070 0.045 0.045 0.045 3239WB BJASSET-WB 0.045 Unch 100 0.305 0.350 29.51 09/06/2023 0.140 0.065 0.100 0.100 601212 MAXIS-C12 0.100 Unch 123 5.570 5.400 5.92 29/11/2019
0.070 0.030 0.035 0.035 3395WB BJCORP-WB 0.035 Unch 100 0.255 1.000 305.88 22/04/2022 0.145 0.075 0.085 0.080 601213 MAXIS-C13 0.080 Unch 110 5.570 5.880 12.03 06/01/2020
0.095 0.050 — — 3395WC BJCORP-WC 0.060 — — 0.255 1.000 315.69 29/05/2026 0.125 0.080 0.115 0.115 601214 MAXIS-C14 0.115 Unch 80 5.570 5.580 10.50 28/02/2020
0.200 0.105 0.135 0.135 1562CZ BJTOTO-CZ 0.135 -0.005 639.8 2.680 2.600 7.09 28/02/2020 0.005 0.005 — — 5189WA MAXWELL-WA 0.005 — — 0.010 0.400 3,950 24/03/2020
0.025 0.010 0.020 0.015 7036WC BORNOIL-WC 0.020 Unch 100.5 0.045 0.070 100.00 08/11/2025 0.065 0.005 0.010 0.005 115552 MAYBANKC52 0.010 Unch 406.3 5.747 9.500 66.52 29/11/2019
0.030 0.015 0.020 0.015 7036WD BORNOIL-WD 0.020 Unch 131.3 0.045 0.070 100.00 29/05/2027 0.005 0.005 — — 115553 MAYBANKC53 0.005 — — 0.787 10.000 1,175 17/09/2019
0.045 0.005 0.005 0.005 7188WA BTM-WA 0.005 Unch 300 0.105 0.940 800.00 20/12/2019 0.265 0.020 0.020 0.020 115554 MAYBANKC54 0.020 -0.005 0.1 4.920 10.400 112.40 31/10/2019
0.115 0.030 0.035 0.035 181826 BURSA-C26 0.035 Unch 230 6.190 6.880 13.97 14/02/2020 0.095 0.045 0.055 0.055 115556 MAYBANKC56 0.055 0.010 10 8.900 9.000 5.45 29/11/2019
0.435 0.150 0.180 0.155 7154WA CAELY-WA 0.180 Unch 2.2 0.335 0.190 10.45 22/04/2021 0.060 0.035 0.045 0.040 115559 MAYBANKC59 0.040 Unch 217.3 8.900 9.000 5.17 30/04/2020
0.130 0.005 — — 7076WA CBIP-WA 0.005 — — 0.485 2.400 395.88 06/11/2019 0.150 0.125 0.150 0.145 115560 MAYBANKC60 0.150 0.010 50.1 8.900 8.880 8.20 31/03/2020
0.205 0.070 0.095 0.090 7035WA CCK-WA 0.090 Unch 35.5 0.505 0.900 96.04 18/06/2023 0.535 0.250 0.400 0.400 5152WA MBL-WA 0.400 0.005 19.8 1.220 0.800 -1.64 28/11/2022
0.430 0.110 0.200 0.175 8125WB DAIBOCI-WB 0.200 0.005 0.5 1.740 2.500 55.17 19/06/2022 0.500 0.180 0.450 0.440 5983CI MBMR-CI 0.440 -0.060 200 4.270 3.880 11.48 11/02/2020
0.440 0.175 0.250 0.245 5276WA DANCO-WA 0.250 0.005 28 0.510 0.300 7.84 22/05/2022 0.365 0.130 0.335 0.315 5983CJ MBMR-CJ 0.315 -0.020 258.6 4.270 3.180 3.98 30/04/2020
0.140 0.030 0.070 0.070 3484WA DBHD-WA 0.070 -0.005 33.2 0.410 0.580 58.54 27/11/2020 0.185 0.170 0.185 0.170 5983CK MBMR-CK 0.170 -0.170 256 4.270 4.600 25.64 31/03/2020
0.105 0.095 0.095 0.095 727750 DIALOG-C50 0.095 -0.005 19 3.490 3.380 10.46 08/05/2020 0.200 0.200 0.200 0.200 5983CL MBMR-CL 0.200 Unch 201.6 4.270 4.380 21.31 27/04/2020
0.005 0.005 — — 727751 DIALOG-C51 0.005 — — 0.267 3.680 1,287 30/04/2020 0.050 0.005 0.005 0.005 117121 MBSB-C21 0.005 Unch 77 0.428 1.100 158.47 31/12/2019
0.140 0.060 0.100 0.095 694730 DIGI-C30 0.095 0.010 683.8 4.720 4.600 9.53 30/04/2020 0.075 0.030 0.045 0.045 3778WB MELEWAR-WB 0.045 Unch 130 0.135 0.400 229.63 18/08/2023
0.125 0.045 0.055 0.050 694731 DIGI-C31 0.055 0.010 250 4.720 5.050 12.24 20/12/2019 0.105 0.045 — — 5040WA MERIDIAN-WA 0.085 — — 0.075 0.500 680.00 13/08/2021
0.160 0.050 0.080 0.070 694732 DIGI-C32 0.080 0.015 410 4.720 5.000 13.56 06/01/2020 0.030 0.005 — — 5040WB MERIDIAN-WB 0.010 — — 0.075 0.900 1,113 22/04/2022
0.040 0.015 — — 0029WB DIGISTA-WB 0.025 — — 0.050 0.260 470.00 04/04/2023 0.035 0.005 — — 5040WC MERIDIAN-WC 0.015 — — 0.075 0.800 986.67 24/08/2024
0.150 0.045 0.065 0.060 4456WD DNEX-WD 0.065 0.005 1794.2 0.260 0.500 117.31 30/07/2021 0.195 0.050 0.195 0.185 7234WA MESB-WA 0.195 0.010 710.3 0.420 0.300 17.86 27/12/2022
0.415 0.100 0.130 0.130 7114WA DNONCE-WA 0.130 Unch 20 0.375 0.250 1.33 25/11/2020 1.940 1.010 1.620 1.580 3069WA MFCB-WA 1.580 -0.060 18.2 3.870 2.220 -1.81 08/04/2020
0.060 0.015 — — 5265WA DOLPHIN-WA 0.015 — — 0.090 0.800 805.56 29/03/2021 0.570 0.125 0.260 0.250 3662WC MFLOUR-WC 0.260 0.005 119.5 0.570 0.680 64.91 23/01/2024
0.195 0.030 0.035 0.035 7169WA DOMINAN-WA 0.035 -0.010 2 1.250 1.300 6.80 10/09/2020 0.400 0.140 0.160 0.160 7595WA MGB-WA 0.160 0.010 15 0.660 0.500 0.00 27/10/2019
0.330 0.065 0.170 0.160 161975 DRBHCOMC75 0.160 Unch 1698.5 2.480 2.000 0.00 31/12/2019 0.230 0.025 0.050 0.045 5286CD MI-CD 0.050 0.005 930 2.020 2.250 22.52 26/11/2019
0.230 0.070 0.095 0.090 161976 DRBHCOMC76 0.090 Unch 2270.4 2.480 2.380 6.85 14/10/2019 0.165 0.085 0.140 0.140 381621 MISC-C21 0.140 Unch 100 7.800 7.000 5.00 26/11/2019
0.320 0.110 0.170 0.165 161977 DRBHCOMC77 0.170 0.010 1200 2.480 2.100 5.24 26/11/2019 0.175 0.170 0.175 0.170 381624 MISC-C24 0.170 Unch 40.1 7.800 7.250 8.21 29/05/2020
0.240 0.095 0.115 0.110 161980 DRBHCOMC80 0.110 Unch 2100 2.480 2.500 14.11 23/12/2019 0.095 0.015 — — 9571WD MITRA-WD 0.020 — — 0.280 0.940 242.86 23/08/2020
0.215 0.075 0.100 0.090 161981 DRBHCOMC81 0.090 -0.005 1474 2.480 2.700 19.03 20/12/2019 0.140 0.050 0.070 0.065 9571WE MITRA-WE 0.070 Unch 75.5 0.280 0.940 260.71 17/04/2023
0.310 0.090 0.165 0.155 161982 DRBHCOMC82 0.160 0.005 285.6 2.480 2.100 4.03 29/11/2019 0.025 0.005 0.010 0.005 0085WA MLAB-WA 0.010 Unch 615.1 0.045 0.090 122.22 24/04/2020
0.260 0.115 0.160 0.155 161983 DRBHCOMC83 0.155 -0.005 416.9 2.480 2.100 9.68 29/05/2020 0.010 0.003 0.005 0.005 0085WB MLAB-WB 0.005 Unch 50 0.045 0.150 244.44 10/09/2020
0.215 0.110 0.125 0.120 161984 DRBHCOMC84 0.120 -0.010 149.8 2.480 2.480 19.35 31/07/2020 0.120 0.055 0.115 0.105 0034WB MMAG-WB 0.105 -0.010 939.6 0.275 0.200 10.91 27/11/2022
0.180 0.070 0.085 0.080 161985 DRBHCOMC85 0.080 Unch 436.7 2.480 2.880 25.81 28/02/2020 0.070 0.005 0.005 0.005 219412 MMCCORPC12 0.005 -0.005 10 1.060 1.200 14.86 30/09/2019
0.195 0.080 0.090 0.085 161986 DRBHCOMC86 0.085 Unch 6616.7 2.480 3.080 33.79 31/03/2020 0.125 0.095 0.095 0.095 219414 MMCCORPC14 0.095 Unch 70 1.060 1.200 31.13 31/07/2020
0.265 0.135 0.150 0.145 161987 DRBHCOMC87 0.150 0.010 60 2.480 2.480 18.15 30/04/2020 0.025 0.005 0.015 0.015 0103WA MNC-WA 0.015 Unch 138 0.095 0.100 21.05 05/11/2021
0.210 0.100 0.105 0.100 161988 DRBHCOMC88 0.100 Unch 292 2.480 2.880 28.23 08/05/2020 0.025 0.005 — — 0070WA MQTECH-WA 0.005 — — 0.025 0.100 320.00 21/11/2021
0.190 0.080 0.095 0.090 161989 DRBHCOMC89 0.090 Unch 30 2.480 2.700 19.76 30/06/2020 0.375 0.010 0.040 0.035 165141 MRCB-C41 0.035 -0.005 115.9 0.785 0.800 6.37 29/11/2019
0.085 0.070 0.075 0.075 161990 DRBHCOMC90 0.075 0.005 740 2.480 3.380 43.85 31/03/2020 0.105 0.045 0.085 0.085 165152 MRCB-C52 0.085 0.010 100 0.785 0.980 38.92 30/04/2020
0.125 0.115 0.125 0.120 161991 DRBHCOMC91 0.120 Unch 400 2.480 2.880 30.65 28/08/2020 0.115 0.100 0.115 0.115 165154 MRCB-C54 0.115 0.010 220 0.785 0.830 24.78 31/03/2020
0.445 0.050 0.435 0.410 5216WA DSONIC-WA 0.420 0.010 19439 0.915 1.090 65.03 05/07/2023 0.105 0.105 0.105 0.105 165155 MRCB-C55 0.105 Unch 1 0.785 0.780 19.43 27/04/2020
0.850 0.170 0.210 0.195 7165WA DWL-WA 0.210 Unch 154.3 0.570 0.600 42.11 07/04/2021 0.370 0.180 0.240 0.230 1651WB MRCB-WB 0.230 Unch 356.1 0.785 1.250 88.54 29/10/2027
0.015 0.005 — — 0154WD EAH-WD 0.005 — — 0.015 0.050 266.67 25/10/2022 0.035 0.005 0.020 0.010 0092WB MTOUCHE-WB 0.020 Unch 10.1 0.115 0.480 334.78 16/03/2020
0.320 0.070 0.200 0.195 5253WA ECONBHD-WA 0.195 -0.005 637.8 0.775 1.250 86.45 02/01/2023 0.045 0.005 0.030 0.025 0092WC MTOUCHE-WC 0.030 0.005 1402.7 0.115 0.200 100.00 02/11/2020
0.030 0.010 0.020 0.020 8206CV ECOWLD-CV 0.020 0.005 1681.5 0.690 0.880 33.33 30/04/2020 0.040 0.010 0.020 0.015 0043WA MTRONIC-WA 0.020 0.005 4123.6 0.055 0.080 81.82 16/04/2022
0.300 0.120 0.145 0.140 8206WA ECOWLD-WA 0.145 Unch 229.4 0.690 2.080 222.46 26/03/2022 0.010 0.005 — — 5703CJ MUHIBAH-CJ 0.005 — — 0.309 3.880 1,162 07/10/2019
0.085 0.030 0.045 0.045 7471WB EDEN-WB 0.045 Unch 37.5 0.140 0.300 146.43 13/08/2021 0.220 0.060 0.065 0.060 13861 MYEG-C61 0.065 Unch 340 1.420 1.300 5.28 30/09/2019
0.300 0.060 0.095 0.080 8907WC EG-WC 0.085 0.005 2048.6 0.375 0.500 56.00 03/11/2020 0.240 0.085 0.090 0.090 13863 MYEG-C63 0.090 0.005 150 1.420 1.200 3.52 23/10/2019
0.150 0.115 0.115 0.115 8877C1 EKOVEST-C1 0.115 Unch 1522 0.820 0.950 36.89 31/03/2020 0.140 0.085 0.090 0.090 13877 MYEG-C77 0.090 Unch 1450 1.420 1.750 40.99 31/03/2020
0.095 0.045 0.045 0.045 8877CU EKOVEST-CU 0.045 Unch 5875.3 0.820 1.100 47.32 20/12/2019 0.095 0.055 0.055 0.055 13879 MYEG-C79 0.055 Unch 800 1.420 2.080 57.32 31/03/2020
0.145 0.075 0.100 0.095 8877CX EKOVEST-CX 0.100 0.005 919 0.820 0.880 31.71 30/04/2020 0.105 0.105 0.105 0.105 13881 MYEG-C81 0.105 Unch 1 1.420 1.480 26.41 27/04/2020
0.155 0.100 0.105 0.105 8877CY EKOVEST-CY 0.105 0.005 653.6 0.820 0.830 26.83 29/05/2020 0.305 0.170 0.190 0.190 0108WB N2N-WB 0.190 Unch 37 0.730 0.830 39.73 08/01/2024
0.325 0.090 0.100 0.095 5283WA EWINT-WA 0.100 Unch 764 0.630 1.450 146.03 04/04/2022 0.008 0.003 — — 0096WA NEXGRAM-WA 0.005 — — 0.015 0.100 600.00 16/05/2022
0.050 0.005 — — 06505W FBMKLCI-C5W 0.005 — — 322.55 1,730 437.44 30/09/2019 0.010 0.005 — — 0096WB NEXGRAM-WB 0.005 — — 0.015 0.260 1,667 21/07/2023
0.110 0.025 0.035 0.035 06507B FBMKLCI-C7B 0.035 Unch 100 1,600 1,625 3.03 29/11/2019 0.015 0.005 0.005 0.005 0096WC NEXGRAM-WC 0.005 Unch 3600 0.015 0.100 600.00 15/01/2024
0.215 0.080 0.085 0.085 06507E FBMKLCI-C7E 0.085 0.005 11.5 1,701 1,660 0.08 31/01/2020 0.335 0.060 0.130 0.125 7241WA NGGB-WA 0.125 Unch 260.9 0.385 0.600 88.31 18/10/2020
0.080 0.010 0.015 0.015 06507F FBMKLCI-C7F 0.015 Unch 150 967.42 1,670 73.71 31/12/2019 0.095 0.045 0.050 0.045 7215WB NIHSIN-WB 0.050 Unch 255.3 0.150 0.138 25.33 13/05/2022
0.070 0.045 0.060 0.060 06507J FBMKLCI-C7J 0.060 Unch 300 1,600 1,789 15.49 30/06/2020 0.375 0.150 0.195 0.195 0083WC NOTION-WC 0.195 Unch 8.9 0.510 0.840 102.94 14/03/2023
0.070 0.050 0.060 0.060 06507L FBMKLCI-C7L 0.060 0.005 150 1,600 1,600 2.56 28/02/2020 0.150 0.060 0.125 0.110 0172WA OCK-WA 0.115 Unch 12788.3 0.635 0.710 29.92 15/12/2020
0.175 0.105 0.135 0.135 06508K FBMKLCI-H8K 0.135 -0.005 200 1,600 1,689 13.93 30/06/2020 0.145 0.020 0.045 0.045 0079WA ORION-WA 0.045 -0.005 438.4 0.085 0.170 152.94 26/07/2022
0.140 0.005 0.005 0.005 522262 FGV-C62 0.005 Unch 65.4 0.930 1.200 30.65 23/10/2019 0.130 0.020 0.030 0.025 5053WC OSK-WC 0.030 0.005 162.6 0.950 1.200 29.47 22/07/2020
0.085 0.025 0.030 0.025 522278 FGV-C78 0.025 -0.005 480 0.930 1.180 34.14 31/01/2020 0.365 0.100 0.180 0.175 5260WA OWG-WA 0.175 -0.005 1276.4 0.585 0.800 66.67 29/09/2023
0.135 0.125 0.130 0.125 522281 FGV-C81 0.125 -0.005 250 0.930 0.950 20.97 31/03/2020 0.240 0.190 0.215 0.205 8419WA PANSAR-WA 0.215 Unch 10.2 0.460 0.630 83.70 06/06/2023
0.020 0.010 — — 0150WA FINTEC-WA 0.015 — — 0.050 0.300 530.00 19/04/2024 0.160 0.060 0.100 0.100 5125WB PANTECH-WB 0.100 -0.010 0.5 0.490 0.500 22.45 21/12/2021
0.295 0.070 0.270 0.270 0116WC FOCUS-WC 0.270 0.005 9 0.355 0.050 -9.86 06/11/2019 0.305 0.200 0.220 0.215 1724WA PARAMON-WA 0.220 Unch 155 1.330 1.790 51.13 28/07/2024
0.185 0.125 0.180 0.175 0128CA FRONTKN-CA 0.175 0.005 3023.8 1.670 1.380 14.07 30/06/2020 0.055 0.025 0.030 0.030 7225WB PA-WB 0.030 0.005 250 0.055 0.060 63.64 17/12/2022
0.140 0.090 0.125 0.125 0128CB FRONTKN-CB 0.125 Unch 3003.5 1.670 1.680 23.05 30/06/2020 0.150 0.005 — — 129530 PBBANK-C30 0.005 — — 2.332 26.500 1,040 23/10/2019
0.150 0.100 0.145 0.145 0128CC FRONTKN-CC 0.145 Unch 2830 1.670 1.880 34.28 11/02/2020 0.115 0.085 0.085 0.085 129537 PBBANK-C37 0.085 -0.005 183.4 20.140 21.880 13.70 31/03/2020
0.110 0.070 0.090 0.090 0128CD FRONTKN-CD 0.090 0.005 400 1.670 1.880 28.74 31/03/2020 0.150 0.130 0.150 0.130 129538 PBBANK-C38 0.130 -0.020 40 20.140 20.500 9.53 15/05/2020
0.090 0.075 0.085 0.085 0128CF FRONTKN-CF 0.085 Unch 30 1.670 2.180 45.81 16/03/2020 0.315 0.035 0.175 0.170 6068WA PCCS-WA 0.175 Unch 779.8 0.435 0.600 78.16 25/12/2022
0.450 0.075 0.225 0.215 9261WB GADANG-WB 0.215 -0.005 1470.2 0.740 1.060 72.30 29/11/2021 0.200 0.005 — — 518330 PCHEM-C30 0.005 — — 2.487 8.900 259.17 23/10/2019
0.215 0.070 0.085 0.085 539865 GAMUDA-C65 0.085 0.015 700 3.580 3.600 11.24 31/10/2019 0.115 0.005 0.015 0.010 518331 PCHEM-C31 0.015 0.010 140.5 7.510 9.150 23.24 31/12/2019
0.285 0.175 0.195 0.190 539868 GAMUDA-C68 0.195 0.015 449.8 3.580 3.050 12.43 31/03/2020 0.105 0.005 0.010 0.010 518332 PCHEM-C32 0.010 0.005 140 7.510 9.280 24.63 31/01/2020
0.260 0.120 0.140 0.135 539869 GAMUDA-C69 0.140 0.010 433 3.580 3.250 6.42 29/11/2019 0.085 0.010 0.025 0.015 518333 PCHEM-C33 0.020 0.005 2834.9 7.510 8.880 20.64 31/01/2020
0.110 0.055 0.070 0.070 539874 GAMUDA-C74 0.070 0.010 384 3.580 3.880 16.20 14/02/2020 0.075 0.020 0.040 0.030 518334 PCHEM-C34 0.035 0.010 1505.1 7.510 8.880 21.97 30/06/2020
0.125 0.100 0.110 0.105 539876 GAMUDA-C76 0.110 0.005 45 3.580 4.000 25.56 30/04/2020 0.060 0.015 0.040 0.035 518335 PCHEM-C35 0.035 0.020 1.6 7.510 8.880 21.97 11/02/2020
0.520 0.125 0.285 0.280 5398WE GAMUDA-WE 0.285 0.005 299 3.580 4.050 21.09 06/03/2021 0.080 0.040 0.080 0.065 518336 PCHEM-C36 0.080 0.025 624.5 7.510 8.180 16.38 07/02/2020
0.520 0.135 0.405 0.395 5226WB GBGAQRS-WB 0.400 Unch 423.4 1.290 1.120 17.83 26/09/2023 0.150 0.090 0.150 0.130 518338 PCHEM-C38 0.145 0.040 928.8 7.510 6.950 7.99 15/05/2020
0.225 0.065 0.105 0.100 5102CB GCB-CB 0.100 Unch 167.7 3.900 3.650 5.13 23/10/2019 0.115 0.100 0.115 0.100 518339 PCHEM-C39 0.105 -0.045 306.2 7.510 7.600 12.38 29/05/2020
0.250 0.050 0.110 0.110 5102CF GCB-CF 0.110 -0.015 183.3 3.900 3.500 1.03 14/10/2019 0.175 0.115 0.175 0.145 518340 PCHEM-C40 0.160 0.025 1081.3 7.510 7.300 9.99 31/03/2020
0.140 0.130 0.130 0.130 5102CG GCB-CG 0.130 Unch 30 3.900 4.100 21.79 15/05/2020 0.160 0.145 0.160 0.145 518341 PCHEM-C41 0.150 Unch 2098.2 7.510 7.380 14.25 28/08/2020
0.190 0.025 0.045 0.035 0078WB GDEX-WB 0.040 Unch 2365 0.300 0.383 40.83 05/02/2020 0.025 0.005 0.005 0.005 6254WB PDZ-WB 0.005 Unch 47 0.030 0.100 250.00 29/01/2023
0.300 0.050 0.060 0.050 471550 GENM-C50 0.055 Unch 3183.6 3.250 3.077 -0.38 31/10/2019 0.200 0.060 0.065 0.060 9997WB PENSONI-WB 0.065 -0.010 9.2 0.390 0.600 70.51 20/01/2024
0.250 0.080 0.105 0.100 471552 GENM-C52 0.105 0.010 8878.6 3.250 2.813 2.32 30/09/2019 0.355 0.195 0.355 0.350 7160CA PENTA-CA 0.350 0.025 174.8 3.860 2.700 6.22 29/05/2020
0.150 0.020 0.030 0.030 471554 GENM-C54 0.030 0.005 6 3.250 3.565 13.30 31/12/2019 0.350 0.170 0.300 0.300 7160CB PENTA-CB 0.300 0.035 5 3.860 2.920 6.74 29/05/2020
0.150 0.025 0.030 0.030 471556 GENM-C56 0.030 Unch 510 3.250 3.500 11.85 26/11/2019 0.250 0.160 0.250 0.210 7160CC PENTA-CC 0.250 0.045 1804.5 3.860 3.400 10.75 31/01/2020
0.250 0.060 0.085 0.080 471557 GENM-C57 0.085 0.010 3745.1 3.250 3.300 12.00 28/02/2020 0.190 0.115 0.165 0.140 7160CD PENTA-CD 0.150 0.015 5640.7 3.860 3.500 8.16 20/02/2020
0.185 0.020 0.020 0.020 471558 GENM-C58 0.020 Unch 100 3.250 3.650 14.28 31/10/2019 0.220 0.125 0.220 0.185 7160CE PENTA-CE 0.220 0.030 1253.8 3.860 3.400 10.88 28/02/2020
0.175 0.050 0.070 0.065 471559 GENM-C59 0.065 Unch 249.8 3.250 3.880 26.38 28/02/2020 0.150 0.110 0.150 0.135 7160CF PENTA-CF 0.150 0.010 429.6 3.860 3.880 14.12 16/03/2020
0.100 0.065 0.085 0.080 471560 GENM-C60 0.080 0.005 4524.7 3.250 4.280 40.55 31/03/2020 0.175 0.145 0.175 0.155 7160CG PENTA-CG 0.170 0.025 278.8 3.860 4.080 20.23 13/03/2020
0.150 0.125 0.150 0.145 471563 GENM-C63 0.150 0.010 2136.6 3.250 3.400 22.15 30/04/2020 0.125 0.005 0.015 0.005 8311WC PESONA-WC 0.005 -0.005 550.2 0.215 0.250 18.60 27/01/2020
0.090 0.075 0.085 0.080 471564 GENM-C64 0.085 0.005 870 3.250 3.400 15.08 15/05/2020 0.100 0.020 0.040 0.035 5681CY PETDAG-CY 0.040 0.010 1.1 23.100 25.000 13.42 31/01/2020
0.145 0.130 0.145 0.140 471565 GENM-C65 0.145 0.010 144.2 3.250 2.900 7.08 29/05/2020 0.105 0.050 0.070 0.070 6033CU PETGAS-CU 0.070 0.010 25 16.420 16.000 1.71 30/06/2020
0.110 0.110 0.110 0.110 471567 GENM-C67 0.110 Unch 1 3.250 3.300 15.08 27/04/2020 0.160 0.075 0.115 0.115 886927 PMETAL-C27 0.115 -0.015 20 4.900 4.300 -0.51 31/12/2019
0.095 0.005 — — 318264 GENTINGC64 0.005 — — 2.220 8.880 301.35 30/09/2019 0.160 0.145 0.150 0.150 886932 PMETAL-C32 0.150 0.005 20 4.900 5.300 21.94 31/03/2020
0.165 0.020 0.020 0.020 318268 GENTINGC68 0.020 Unch 200 5.860 6.600 14.33 29/11/2019 0.150 0.140 0.150 0.150 886933 PMETAL-C33 0.150 0.005 45.4 4.900 4.600 9.18 15/05/2020
0.130 0.030 0.040 0.040 318270 GENTINGC70 0.040 0.005 10 5.860 6.700 19.11 30/04/2020 0.115 0.115 0.115 0.115 886935 PMETAL-C35 0.115 Unch 0.4 4.900 5.350 19.74 27/04/2020
0.150 0.035 0.040 0.040 318272 GENTINGC72 0.040 Unch 1930 5.860 6.680 18.09 14/02/2020 0.620 0.395 0.460 0.450 7088WB POHUAT-WB 0.450 0.010 139.6 1.460 1.000 -0.68 21/10/2020
0.130 0.080 0.080 0.080 318273 GENTINGC73 0.080 Unch 20 5.860 6.880 23.28 31/03/2020 0.240 0.005 0.010 0.005 463433 POS-C33 0.010 0.005 2013.3 1.660 2.000 21.69 31/10/2019
0.130 0.085 0.090 0.085 318274 GENTINGC74 0.090 -0.020 260 5.860 6.500 18.60 31/03/2020 0.105 0.005 0.015 0.010 463434 POS-C34 0.010 0.005 650.4 1.660 2.380 45.78 29/11/2019
0.100 0.085 0.090 0.085 318275 GENTINGC75 0.085 Unch 2033.5 5.860 6.300 16.21 15/05/2020 0.115 0.025 0.040 0.035 463435 POS-C35 0.040 0.010 3608 1.660 1.900 24.10 20/12/2019
0.100 0.100 0.100 0.100 318276 GENTINGC76 0.100 Unch 1103.2 5.860 6.080 17.41 28/08/2020 0.200 0.170 0.200 0.175 463436 POS-C36 0.200 0.030 2793 1.660 1.680 25.30 28/08/2020
0.095 0.095 0.095 0.095 318277 GENTINGC77 0.095 Unch 2 5.860 6.300 17.24 27/04/2020 0.110 0.110 0.110 0.110 463437 POS-C37 0.110 Unch 100 1.660 1.600 16.27 27/04/2020
0.245 0.085 0.095 0.090 0039WC GFM-WC 0.090 -0.005 1203.4 0.335 0.380 40.30 28/01/2022 0.220 0.040 0.065 0.060 8966WA PRLEXUS-WA 0.060 -0.005 162.8 0.540 1.200 133.33 14/06/2021
0.170 0.040 0.050 0.050 5220WA GLOTEC-WA 0.050 Unch 1.5 0.375 0.720 105.33 17/12/2021 0.100 0.035 0.055 0.050 5070WA PRTASCO-WA 0.050 Unch 14.5 0.245 0.750 226.53 25/04/2023
0.255 0.050 0.255 0.245 0082WB GPACKET-WB 0.255 0.010 35929.8 0.660 0.400 -0.76 24/11/2023 0.080 0.010 0.040 0.035 7145WA PSIPTEK-WA 0.035 -0.005 92.7 0.140 0.100 -3.57 16/11/2019
0.070 0.015 0.045 0.045 7096WA GPA-WA 0.045 Unch 200 0.105 0.100 38.10 03/06/2025 0.135 0.025 0.040 0.035 0186WA PTRANS-WA 0.040 Unch 46.1 0.220 0.235 25.00 19/09/2020
0.140 0.065 0.085 0.085 7022C1 GTRONIC-C1 0.085 Unch 60 1.780 1.880 15.17 14/02/2020 0.760 0.210 0.710 0.680 7237WA PWROOT-WA 0.680 -0.030 41.4 2.040 1.540 8.82 24/07/2023
0.120 0.030 0.045 0.045 7676WB GUNUNG-WB 0.045 0.015 0.5 0.275 0.400 61.82 02/10/2020 0.070 0.005 — — 7498WB RALCO-WB 0.005 — — 0.235 1.000 327.66 13/12/2019
0.210 0.100 0.125 0.125 516824 HARTA-C24 0.125 Unch 1200 5.260 4.800 4.33 26/11/2019 0.135 0.040 0.050 0.045 5256WA REACH-WA 0.045 Unch 153.6 0.190 0.750 318.42 12/08/2022
0.170 0.005 0.095 0.090 516825 HARTA-C25 0.090 -0.005 101.2 5.260 5.000 3.61 14/10/2019 0.730 0.330 0.625 0.610 0200WA REVENUE-WA 0.615 Unch 740.8 1.520 1.250 22.70 14/01/2024
0.170 0.075 0.115 0.115 516826 HARTA-C26 0.115 Unch 40 5.260 5.000 5.99 29/11/2019 0.110 0.015 0.045 0.045 106616 RHBBANKC16 0.045 0.005 320 5.640 5.500 2.30 14/10/2019
0.115 0.060 0.060 0.060 516827 HARTA-C27 0.060 Unch 200 5.260 5.800 17.68 23/01/2020 0.105 0.055 0.060 0.060 8567WB SALCON-WB 0.060 -0.005 20.2 0.230 0.300 56.52 19/07/2025
0.295 0.200 0.240 0.240 7105WA HCK-WA 0.240 Unch 65 1.230 0.960 -2.44 26/09/2027 0.015 0.005 — — 0133WC SANICHI-WC 0.005 — — 0.045 0.630 1,311 24/09/2019
0.700 0.230 0.255 0.235 5095WB HEVEA-WB 0.235 -0.020 16.6 0.525 0.250 -7.62 28/02/2020 0.030 0.005 0.005 0.005 0133WE SANICHI-WE 0.005 -0.005 0.1 0.045 0.100 133.33 13/12/2021
0.190 0.040 0.040 0.040 5072WB HIAPTEK-WB 0.040 Unch 50 0.200 0.500 170.00 23/06/2021 0.055 0.040 0.040 0.040 521878 SAPNRGC78 0.040 -0.005 4000 0.270 0.380 55.56 11/02/2020
0.100 0.065 0.080 0.080 5199C7 HIBISCS-C7 0.080 0.015 30 0.955 1.000 21.47 30/06/2020 0.125 0.040 0.115 0.110 521879 SAPNRGC79 0.110 -0.005 85 0.270 0.300 31.48 31/07/2020
FRIDAY S E P T E MBE R 1 3 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Markets 2 9
G L O B A L M A R K E T S . 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

Japan — Stocks hit four-month high as
trade detente hopes lift cyclicals
TOKYO: Japanese shares posted solid gains
yesterday, with both the Nikkei and the
broader Topix indices hitting four-month
highs, as signs of an easing in US-China
trade frictions lifted cyclical stocks such as
machine makers.
The Nikkei Share Average rose 0.75% to
21,759.61 points, while the broader Topix
advanced 0.72% to 1,595.1, both reaching
their highest since early May.
It was the eighth straight day of gains for
the Nikkei, during which it has risen 5.5%. In
another positive sign, in US dollar terms, the
Nikkei raced to its highest levels since October.
US President Donald Trump said on
Wednesday Washington has agreed to delay
increasing tariffs on US$250 billion worth of
Chinese imports by two weeks after Beijing
said it would exempt 16 types of US products
from import tariffs.
“Hopes for US-China deals are driving
the markets now. I expect this to continue
for the next few weeks,” said Soichiro Monji,
senior economist at Sumitomo Mitsui DS
Asset Management.
“But once any deal is done, the rally will
lose momentum as the market will focus on
the strength of the economy and by that time,
it is possible that there will be more signs of
slowdown. So now is the time to buy. If you
wait, it will be too late,” he said.
Cyclical shares such as manufacturers
of semiconductor and robotics, which are and industrial stocks after China extended timeframe,” Ghriskey added.
seen as closely dependent on demand in an olive branch ahead of next month’s trade In a series of morning tweets, US President
China, rose sharply. negotiations with the US. Donald Trump called on the US Federal
Fanuc Corp rallied 2.2% and Keyence The S&P 500 Index closed above the 3,000 Reserve (Fed) to slash interest rates into
Corp gained 1.9%. Advantest jumped 4.1% mark for the first time since July 30. negative territory, a move typically seen as a
and Tokyo Electron climbed 2.7% to a Apple Inc provided the biggest boost to last-ditch effort to revive sluggish economies.
15-month high. the S&P 500 and the Nasdaq Composite Index “The experiment of negative interest rates
The reversal of value-oriented stocks, the day after it unveiled its latest iPhone has certainly proved to be flawed in both the
such as banks and automakers that had upgrade and announced the launch date of European Central Bank’s (ECB) and Japan
dominated the market until Wednesday, its Apple TV+ streaming service. Its shares and I certainly think it’s something the US
ran out of steam. Growth stocks led gains rose 3.2%, once more lifting the company’s should probably try to avoid at all costs,”
with a rise of 0.8%, versus a 0.6% increase value above the US$1 trillion mark. said Art Hogan, chief market strategist at
in value stocks. The blue-chip Dow Jones Industrial National Securities in New York.
Banking stocks fell 0.3% after rising Average, led by Boeing Co, posted its sixth Markets still expect the Fed to cut interest
more than 10% in the previous five sessions. consecutive daily gain. Boeing, the largest rates by 25 basis points at the conclusion of
Transport equipment shares, which had US exporter by US dollar value, gained 3.6%. its monetary policy meeting next week. US
gained more than 8% in the last five sessions, China announced tariff exemptions for a Treasury yields rose for the third straight
were up 0.3%. basket of US goods, a move viewed by many session ahead of the ECB meeting yesterday.
Online fashion retailer Zozo Inc jumped investors as a show of good faith just weeks The Dow rose 0.85% to 27,137.04 points;
13.4%, having catapulted as much as 18.9% ahead of planned talks aimed at resolving the the S&P 500 gained 0.72% to 3,000.93; and the
at one point, after Yahoo Japan Corp said it trade war, which has bruised world economies Nasdaq Composite added 1.06% to 8,169.68.
aimed to buy 50.1% of its stake. Yahoo Japan and rattled markets for months. Of the 11 major sectors in the S&P 500,
Corp rose 2.4%. However, a senior White House adviser all but real estate closed in the black.
Elsewhere, Dai Nippon Printing Co Ltd urged investors to be patient in an effort to Chipmaker Micron Technology Inc rose
advanced 9.3% after the company announced curb expectations for the trade talks scheduled 2.2% after Longbow Research upgraded the
share buyback of up to ¥60 billion or 9.94% to take place next month in Washington. stock to “buy.”
of its outstanding shares. The turnover of “The general market still believes that a real The Philadelphia SE Semiconductor
the main board hit ¥2.77 trillion, the highestdeal is possible and all of these moves by the Index was up 1.5%.
since Aug 2. White House and China are simply negotiating Oilfield services firm Baker Hughes A
tactics,” said Tim Ghriskey, chief investment General Electric (GE) Company registered
US — Trade hopes buoy Wall Street as strategist at Inverness Counsel in New York. the biggest percentage drop in the S&P 500,
China extends olive branch “(But) that belief swings on a daily basis based falling 7.5%, following news that parent
on tweets and statements from China. General Electric would sell US$3 billion in
NEW YORK: Wall Street moved higher on “Right now we’re swinging a bit toward the Baker Hughes shares, resulting in a loss of
Wednesday, led by tariff-sensitive technology chance of a deal being made in a reasonable GE’s majority stake. — Reuters

Nikkei 225 Shanghai Composite Dow Jones Euro STOXX 50 Index

Index points Index points Index points
Index points
24500 5800 27500 3900
3,031.24
+22.42
(+0.75%)
20400 4825 23025 3415
2,772.70
16300 3850 18550 2930
10,172.06 10,403.79
3,087.842
21,759.61
12200 +161.85 2875 14075 27,137.04 2445 3,516.82
(+0.75%) +227.61 +17.83
(+0.85%) (+0.51%)
8100 1900 9600 1960
Mar 1, 2010 Sept 12, 2019 Mar 1, 2010 Sept 12, 2019 Mar 1, 2010 Sept 11, 2019 Mar 1, 2010 Sept 11, 2019

Bursa Malaysia Equity Derivatives

Main Market & Ace Market Warrants
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE
0.180 0.085 0.120 0.110 5218WA SAPNRG-WA 0.115 Unch 7732 0.270 0.490 124.07 23/01/2026 0.200 0.070 0.110 0.105 711355 TOPGLOV-C55 0.110 0.010 112 4.790 4.500 5.43 28/02/2020
0.150 0.015 — — 7247WA SCGM-WA 0.020 — — 0.885 3.960 349.72 31/07/2020 0.145 0.120 0.145 0.140 711361 TOPGLOV-C61 0.145 0.005 75 4.790 4.680 12.84 28/02/2020
0.075 0.020 0.035 0.035 0161WA SCH-WA 0.035 0.005 10 0.100 0.100 35.00 04/12/2021 0.260 0.080 0.100 0.090 7173WB TOYOINK-WB 0.090 -0.005 740.6 0.720 1.500 120.83 06/11/2023
0.125 0.120 0.125 0.120 4731CG SCIENTX-CG 0.125 -0.025 1000 8.320 8.200 10.58 29/05/2020 0.010 0.005 — — 0118WB TRIVE-WB 0.005 — — 0.015 0.090 533.33 28/08/2020
0.065 0.005 0.025 0.025 7158WB SCOMI-WB 0.025 Unch 243.5 0.075 0.210 213.33 18/02/2023 0.085 0.045 0.050 0.045 514871 UEMS-C71 0.045 Unch 275 0.710 0.780 19.37 28/02/2020
0.510 0.370 0.510 0.480 0001WA SCOMNET-WA 0.500 -0.005 369.9 0.835 0.650 37.72 19/06/2024 0.090 0.030 0.040 0.040 0060WB VC-WB 0.040 Unch 170 0.160 0.150 18.75 06/05/2024
0.060 0.015 0.015 0.015 7073WC SEACERA-WC 0.015 -0.005 100 0.185 1.000 448.65 21/01/2021 0.125 0.070 0.070 0.070 524327 VELESTO-C27 0.070 -0.010 200 0.300 0.210 0.33 30/09/2019
0.185 0.100 0.120 0.120 5279CQ SERBADK-CQ 0.120 0.010 700 4.370 4.000 5.26 26/11/2019 0.170 0.050 0.120 0.115 5243WA VELESTO-WA 0.115 -0.005 4224 0.300 0.395 70.00 18/10/2024
0.170 0.085 0.110 0.100 5279CT SERBADK-CT 0.105 0.005 528 4.370 4.150 4.58 31/10/2019 0.600 0.410 0.540 0.520 7240WA VERTICE-WA 0.520 Unch 0.2 0.905 0.500 12.71 31/03/2024
0.180 0.150 0.165 0.160 5279CW SERBADK-CW 0.160 0.005 80 4.370 4.580 17.62 31/03/2020 0.355 0.100 0.125 0.105 0120WB VIS-WB 0.125 0.025 143 0.375 0.750 133.33 16/11/2022
0.125 0.095 0.105 0.105 419738 SIME-C38 0.105 -0.005 14 2.320 2.450 16.92 31/03/2020 0.090 0.035 — — 0097CN VITROX-CN 0.035 — — 7.080 7.500 10.88 14/10/2019
0.175 0.040 0.150 0.150 5213WB SNTORIA-WB 0.150 -0.020 10 0.225 0.600 233.33 09/01/2025 0.010 0.005 — — 0069WC VIVOCOM-WC 0.005 — — 0.020 0.070 275.00 22/01/2020
0.135 0.040 0.040 0.040 5242WA SOLID-WA 0.040 -0.010 63 0.270 0.210 -7.41 16/12/2020 0.015 0.005 — — 0069WE VIVOCOM-WE 0.005 — — 0.020 0.050 175.00 22/08/2023
0.185 0.090 0.095 0.095 0080WA STRAITS-WA 0.095 Unch 464 0.210 0.115 0.00 10/08/2022 0.670 0.310 0.365 0.365 7070WC VIZIONE-WC 0.365 0.005 10.3 0.850 0.700 25.29 05/02/2022
0.040 0.005 0.015 0.015 1201WA SUMATEC-WA 0.015 -0.005 80 0.020 0.320 1,575 03/03/2021 0.100 0.035 — — 696312 VS-C12 0.055 — — 1.280 1.380 20.70 30/09/2019
0.095 0.050 0.055 0.055 5263CY SUNCON-CY 0.055 Unch 600 2.000 2.300 23.25 26/03/2020 0.125 0.060 — — 696313 VS-C13 0.085 — — 1.280 1.100 5.86 23/10/2019
0.450 0.210 0.330 0.325 5211WB SUNWAY-WB 0.325 -0.005 38.4 1.640 1.790 28.96 03/10/2024 0.085 0.040 — — 696314 VS-C14 0.045 — — 1.280 1.450 24.18 31/10/2019
0.110 0.005 — — 710662 SUPERMX-C62 0.005 — — 0.375 1.950 423.33 30/09/2019 0.185 0.085 0.150 0.150 696315 VS-C15 0.150 -0.010 50 1.280 1.080 7.81 29/11/2019
0.009 0.005 — — 710663 SUPERMX-C63 0.005 — — 0.190 2.080 1,002 30/09/2019 0.105 0.045 0.055 0.050 696316 VS-C16 0.050 -0.005 420 1.280 1.200 3.52 14/10/2019
0.115 0.040 0.040 0.040 710665 SUPERMX-C65 0.040 Unch 50 1.610 1.700 11.80 23/10/2019 0.085 0.065 — — 696317 VS-C17 0.070 — — 1.280 1.330 20.31 23/12/2019
0.130 0.020 0.040 0.035 710666 SUPERMX-C66 0.035 Unch 38.1 1.610 1.700 9.94 31/12/2019 0.245 0.155 — — 696318 VS-C18 0.230 — — 1.280 0.950 10.16 31/01/2020
0.125 0.020 0.045 0.040 710667 SUPERMX-C67 0.045 0.010 303 1.610 1.600 6.37 30/09/2019 0.125 0.075 0.115 0.110 696319 VS-C19 0.110 -0.005 1082.5 1.280 1.250 19.14 31/01/2020
0.200 0.075 0.130 0.120 710669 SUPERMX-C69 0.125 0.015 170.4 1.610 1.450 5.59 28/02/2020 0.135 0.080 0.125 0.125 696320 VS-C20 0.125 Unch 200 1.280 1.280 19.53 30/06/2020
0.080 0.030 0.060 0.050 710671 SUPERMX-C71 0.055 0.005 1218 1.610 1.880 25.31 06/01/2020 0.100 0.060 0.090 0.090 696321 VS-C21 0.090 Unch 500 1.280 1.280 21.09 11/02/2020
0.105 0.060 0.090 0.085 710672 SUPERMX-C72 0.090 0.025 195 1.610 1.600 16.15 29/05/2020 0.100 0.095 — — 696322 VS-C22 0.100 — — 1.280 1.420 26.56 29/05/2020
0.065 0.045 0.065 0.060 710673 SUPERMX-C73 0.060 0.005 2366.6 1.610 1.800 21.12 11/02/2020 0.085 0.080 0.085 0.080 696323 VS-C23 0.080 -0.005 597 1.280 1.400 26.25 30/04/2020
0.090 0.055 0.090 0.075 710674 SUPERMX-C74 0.080 0.010 945.2 1.610 1.780 20.50 08/05/2020 0.110 0.045 — — 967917 WCT-C17 0.045 — — 0.950 1.050 24.74 09/12/2019
0.140 0.100 0.140 0.125 710675 SUPERMX-C75 0.130 0.005 3550 1.610 1.500 14.97 31/03/2020 0.195 0.090 0.095 0.095 967918 WCT-C18 0.095 0.005 110 0.950 0.935 18.42 30/04/2020
0.140 0.055 0.075 0.075 7186WB SWSCAP-WB 0.075 Unch 76.1 0.700 0.900 39.29 19/07/2023 0.140 0.085 — — 967919 WCT-C19 0.095 — — 0.950 1.100 33.79 20/12/2019
0.045 0.005 — — 7082WB SYF-WB 0.005 — — 0.185 0.700 281.08 11/11/2019 0.170 0.110 — — 967920 WCT-C20 0.120 — — 0.950 1.060 36.84 29/05/2020
0.047 0.015 0.020 0.020 1538WB SYMLIFE-WB 0.020 Unch 97.3 0.430 0.790 88.37 11/11/2020 0.200 0.045 0.085 0.075 9679WE WCT-WE 0.080 Unch 2333.3 0.950 2.080 127.37 27/08/2020
0.450 0.120 0.260 0.245 6139CD TAKAFUL-CD 0.255 Unch 140.2 5.880 4.400 0.85 29/11/2019 0.180 0.085 0.100 0.090 0197WA WEGMANS-WA 0.100 0.005 55.7 0.265 0.300 50.94 13/01/2022
0.320 0.065 0.090 0.085 6139CE TAKAFUL-CE 0.090 Unch 604.8 5.880 5.300 -0.68 31/01/2020 0.180 0.050 0.080 0.075 0162WA WIDAD-WA 0.080 0.005 2505 0.240 0.350 79.17 05/08/2023
0.190 0.030 0.035 0.030 6139CF TAKAFUL-CF 0.035 -0.040 10 5.880 6.800 19.22 26/11/2019 0.160 0.135 — — 5246C1 WPRTS-C1 0.145 — — 4.090 4.000 10.21 23/01/2020
0.045 0.025 0.025 0.025 6139CH TAKAFUL-CH 0.025 Unch 20 5.880 6.680 16.58 08/05/2020 0.120 0.085 — — 5246C2 WPRTS-C2 0.100 — — 4.090 4.000 7.58 29/05/2020
0.045 0.015 0.020 0.015 2429WB TANCO-WB 0.015 Unch 502.5 0.055 0.050 18.18 23/08/2021 0.125 0.060 — — 5246CZ WPRTS-CZ 0.060 — — 4.090 4.180 7.33 14/10/2019
0.055 0.030 0.035 0.035 7097WA TAWIN-WA 0.035 Unch 185.6 0.115 0.200 104.35 05/08/2022 0.165 0.070 0.120 0.115 7245WA WZSATU-WA 0.115 -0.005 335.1 0.240 0.380 106.25 28/10/2024
0.125 0.015 0.050 0.040 7200WA TEKSENG-WA 0.050 0.005 91.2 0.240 0.250 25.00 29/01/2020 0.030 0.005 0.010 0.010 5156WD XDL-WD 0.010 Unch 1223 0.085 0.180 123.53 17/01/2022
0.135 0.035 0.070 0.070 534755 TENAGA-C55 0.070 -0.010 3 13.800 13.000 0.80 30/09/2019 0.150 0.005 — — 7003WA Y&G-WA 0.005 — — 0.045 1.000 2,133 16/11/2019
0.170 0.030 0.125 0.125 534757 TENAGA-C57 0.125 Unch 175 13.800 12.600 0.36 31/01/2020 0.240 0.160 0.160 0.160 7293C1 YINSON-C1 0.160 -0.005 596.3 6.700 6.600 12.84 31/01/2020
0.195 0.125 0.135 0.135 534759 TENAGA-C59 0.135 -0.010 10 13.800 13.200 5.43 06/01/2020 0.135 0.090 — — 7293C2 YINSON-C2 0.095 — — 6.700 6.750 10.67 29/05/2020
0.105 0.070 0.075 0.075 534761 TENAGA-C61 0.075 -0.005 13.2 13.800 14.880 14.35 31/01/2020 0.155 0.080 — — 7293C3 YINSON-C3 0.080 — — 6.700 7.800 24.18 20/02/2020
0.140 0.125 0.130 0.130 534766 TENAGA-C66 0.130 -0.005 40 13.800 13.580 10.65 31/03/2020 0.160 0.115 — — 7293C4 YINSON-C4 0.120 — — 6.700 6.880 18.81 30/04/2020
0.460 0.040 0.050 0.045 7252WA TEOSENG-WA 0.045 0.005 175 1.110 1.350 25.68 29/01/2020 0.125 0.100 — — 7293C5 YINSON-C5 0.100 — — 6.700 7.880 29.55 08/05/2020
1.300 0.705 0.950 0.920 7034WA TGUAN-WA 0.930 -0.035 159.1 2.480 1.500 -2.02 09/10/2019 0.575 0.095 0.490 0.490 7293CW YINSON-CW 0.490 -0.015 4 6.700 4.350 1.49 31/12/2019
0.110 0.035 0.055 0.055 7889WB THRIVEN-WB 0.055 0.005 0.1 0.200 0.480 167.50 05/10/2020 0.130 0.095 — — 7293CX YINSON-CX 0.395 — — 6.700 5.280 8.28 07/10/2019
0.025 0.005 — — 7079WC TIGER-WC 0.015 — — 0.055 0.320 509.09 11/02/2021 0.425 0.065 0.320 0.320 7293CY YINSON-CY 0.320 -0.030 0.3 6.700 4.750 -0.45 14/10/2019
0.330 0.065 0.110 0.100 486340 TM-C40 0.110 Unch 1200 3.480 3.100 3.30 23/10/2019 0.470 0.285 — — 7293CZ YINSON-CZ 0.385 — — 6.700 5.500 7.95 23/01/2020
0.255 0.050 0.060 0.060 486342 TM-C42 0.060 Unch 1000 3.480 3.580 11.49 04/11/2019 0.040 0.005 0.005 0.005 7020WB YKGI-WB 0.005 -0.005 122.2 0.105 0.500 380.95 28/05/2020
0.520 0.195 0.255 0.255 486344 TM-C44 0.255 0.010 1.2 3.480 2.680 6.32 30/04/2020 0.475 0.030 0.040 0.030 7066WA YONGTAI-WA 0.035 0.005 1440.4 0.210 0.500 154.76 24/06/2020
0.265 0.085 0.090 0.090 486346 TM-C46 0.090 Unch 5 3.480 3.800 22.13 23/01/2020 0.130 0.005 — — 467723 YTL-C23 0.005 — — 0.498 1.250 152.01 29/11/2019
0.270 0.075 0.085 0.080 486347 TM-C47 0.085 Unch 1020 3.480 4.000 25.93 31/01/2020 0.030 0.005 — — 467724 YTL-C24 0.005 — — 0.975 1.200 24.10 17/09/2019
0.210 0.050 0.055 0.050 486350 TM-C50 0.055 Unch 3037 3.480 4.600 39.30 31/01/2020 0.180 0.145 — — 467725 YTL-C25 0.180 — — 0.975 1.100 31.28 29/11/2019
0.170 0.065 0.065 0.065 486351 TM-C51 0.065 Unch 600 3.480 4.580 42.82 30/06/2020 0.150 0.045 — — 467726 YTL-C26 0.045 — — 0.975 1.180 30.26 31/03/2020
0.150 0.015 0.020 0.015 486353 TM-C53 0.020 Unch 3042.3 3.480 4.680 37.36 28/02/2020 0.075 0.040 — — 467727 YTL-C27 0.040 — — 0.975 1.280 39.49 09/12/2019
0.125 0.060 0.065 0.065 486354 TM-C54 0.065 Unch 200 3.480 4.880 48.64 28/02/2020 0.045 0.010 — — 467728 YTL-C28 0.035 — — 0.975 1.080 19.74 08/05/2020
0.125 0.085 0.095 0.090 486357 TM-C57 0.095 Unch 130 3.480 3.880 25.14 15/05/2020 0.040 0.005 — — 6742C7 YTLPOWR-C7 0.005 — — 0.730 1.000 38.36 17/09/2019
0.080 0.075 0.080 0.080 486358 TM-C58 0.080 Unch 100 3.480 4.180 31.61 29/05/2020 0.125 0.015 — — 6742C8 YTLPOWR-C8 0.015 — — 0.730 0.900 25.34 29/11/2019
0.100 0.010 0.015 0.015 711348 TOPGLOV-C48 0.015 Unch 4 4.790 5.000 6.26 29/11/2019 0.020 0.005 — — 6742C9 YTLPOWR-C9 0.005 — — 0.730 1.080 49.32 04/11/2019
0.120 0.070 0.080 0.080 711354 TOPGLOV-C54 0.080 0.005 0.1 4.790 4.480 10.23 31/01/2020
Please refer to the Bursa Malaysia website for the prices of loan stocks, bonds and overseas structure warrants
3 0 Markets FR I DAY SEP TEM B ER 1 3 , 2 0 1 9 • TH EEDGE F I N AN C I AL DAI LY

INSIDER MOVES . TRADING THEMES . EVENTS . FOREX

Insider moves (Filings on September 11, 2019) Trading themes

Insider Moves show what substantial shareholders are doing with their stakes, which could be a signal of their views on the company’s outlook. Abercrombie and Fitch’s Hollister Falters in second quarter
COMPANY SHARES ACQUIRED DIRECTOR/SUBSTANTIAL SHARES HELD TRANSACTION
(DISPOSED) SHAREHOLDER AFTER CHANGE DATE Hollister posts slowest growth in nearly three years.
ASTRO MALAYSIA 417,500 EMPLOYEES PROVIDENT FUND BOARD 432,275,500 6/9
AXIATA GROUP 3,480,100 EMPLOYEES PROVIDENT FUND BOARD 1,447,430,894 5/9
BERMAZ AUTO 1,288,600 EMPLOYEES PROVIDENT FUND BOARD 112,519,100 5/9
BIMB (455,700) PERMODALAN NASIONAL 93,702,403 6/9
CIMB GROUP 619,800 EMPLOYEES PROVIDENT FUND BOARD 1,268,661,922 27/8
COUNTRY HEIGHTS 400,000 TAN SRI LEE KIM TIONG @ LEE KIM YEW 161,426,600 6/9
DESTINI (97,138,800) BPH CAPITAL 95,244,212 29/8
DIALOG GROUP (1,926,100) EMPLOYEES PROVIDENT FUND BOARD 498,445,916 5/9
DIGI.COM 466,200 EMPLOYEES PROVIDENT FUND BOARD 1,002,703,590 5/9
DRB-HICOM (1,692,600) EMPLOYEES PROVIDENT FUND BOARD 145,890,497 4/9
GRAND-FLO 3,198,000 YBG YAP CONSOLIDATED 340,581,951 10/9
GREEN OCEAN CORPORATION 1,846,500 KHOO CHEE SIANG 1,846,500 6 & 10/9
HONG LEONG BANK (288,300) EMPLOYEES PROVIDENT FUND BOARD 259,492,421 5/9
IGB REAL ESTATE (673,900) EMPLOYEES PROVIDENT FUND BOARD 352,837,666 5/9
INVESTMENT TRUST
IHH HEALTHCARE 408,200 EMPLOYEES PROVIDENT FUND BOARD 605,118,800 5/9
IJM CORPORATION 889,200 EMPLOYEES PROVIDENT FUND BOARD 562,815,118 5/9
INARI AMERTRON (378,200) EMPLOYEES PROVIDENT FUND BOARD 254,422,100 5/9
INARI AMERTRON (300,000) KUMPULAN WANG PERSARAAN 444,992,675 6/9
(DIPERBADANKAN)
INARI AMERTRON (100,000) FOO KOK SIEW 60,000 10 & 11/9
IOI CORPORATION (877,300) EMPLOYEES PROVIDENT FUND BOARD 782,756,173 5/9
IOI PROPERTIES GROUP 1,343,800 VERTICAL CAPACITY 3,402,673,441 5, 6 & 10/9
JERASIA CAPITAL (162,200) DATO’ SRI MOHD HANIFF ABD AZIZ 4,537,502 3 - 5/9
JOHORE TIN (3,284,600) NG KENG HOE (HUANG QINGHE) 35,349,499 5/9
JOHORE TIN (4,200,000) LIM HUN SWEE 15,039,999 5/9
KAREX 225,000 GOH MIAH KIAT 218,131,097 11/9
KLCC PROPERTY (355,700) EMPLOYEES PROVIDENT FUND BOARD 93,063,230 6/9
KLCC REAL ESTATE (355,700) EMPLOYEES PROVIDENT FUND BOARD 93,063,230 6/9
INVESTMENT TRUST Another stellar month for eurozone bond markets
KOSSAN RUBBER INDUSTRIES (1,785,900) EMPLOYEES PROVIDENT FUND BOARD 85,515,800 4 & 5/9
KPJ HEALTHCARE (3,418,000) EMPLOYEES PROVIDENT FUND BOARD 485,992,280 3 - 5/9 Absolute change in 10-year bond yields, in basis points.
KUALA LUMPUR KEPONG 782,300 EMPLOYEES PROVIDENT FUND BOARD 149,040,088 5/9
M N C WIRELESS (4,000,000) CITA REALITI 35,986,200 6/9
MALAYAN BANKING (936,000) EMPLOYEES PROVIDENT FUND BOARD 1,388,065,591 5/9
MALAYSIA AIRPORTS (1,160,800) EMPLOYEES PROVIDENT FUND BOARD 203,215,492 3 - 5/9
MBM RESOURCES (189,700) EMPLOYEES PROVIDENT FUND BOARD 40,694,679 5/9
MERIDIAN (200,000) DATO TIONG KWING HEE 42,083,000 10/9
PARAMOUNT CORPORATION 140,000 BENJAMIN TEO JONG HIAN 1,300,180 10/9
PAVILION REAL ESTATE (175,400) EMPLOYEES PROVIDENT FUND BOARD 208,745,403 5/9
INVESTMENT TRUST
PELIKAN INTERNATIONAL 534,000 LOO HOOI KEAT 97,303,651 10/9
CORPORATION
PELIKAN INTERNATIONAL (500,000) PBS OFFICE SUPPLIES HOLDING 37,468,975 10/9
CORPORATION
PETRONAS CHEMICALS GROUP (3,000,000) EMPLOYEES PROVIDENT FUND BOARD 602,562,400 5/9
PETRONAS CHEMICALS GROUP 642,600 AMANAHRAYA TRUSTEE 405,994,700 6/9
- AMANAH SAHAM BUMIPUTERA
PNE PCB (920,100) PNE INDUSTRIES LTD., SINGAPORE 8,455,100 6 & 10/9
POWER ROOT (180,000) KUMPULAN WANG PERSARAAN 27,297,480 10/9
(DIPERBADANKAN)
PPB GROUP 389,800 EMPLOYEES PROVIDENT FUND BOARD 168,446,949 5/9
PUBLIC BANK (229,600) EMPLOYEES PROVIDENT FUND BOARD 489,518,100 5/9
RANHILL (103,000) LEMBAGA TABUNG HAJI 56,464,200 10/9
ROHAS TECNIC 3,500,000 LEONG WAI YUAN 3,500,000 10/9
S P SETIA 500,000 EMPLOYEES PROVIDENT FUND BOARD 476,444,466 5/9
SCICOM (MSC) 300,000 EMPLOYEES PROVIDENT FUND BOARD 21,516,900 5/9
SERBA DINAMIK (1,208,200) EMPLOYEES PROVIDENT FUND BOARD 103,761,300 5/9
SEREMBAN ENGINEERING (55,549,752) PAN KIM FOON 3/9
SEREMBAN ENGINEERING (55,549,752) TAN AH BAH @ TAN AH PING 3/9
SEREMBAN ENGINEERING (55,549,752) TAN CHUNG LING 3/9
SIME DARBY (271,100) EMPLOYEES PROVIDENT FUND BOARD 673,840,075 5/9
SIME DARBY (20,000,000) AMANAHRAYA TRUSTEE 2,852,606,900 6/9 Stocks closest to year high Stocks closest to year low
- AMANAH SAHAM BUMIPUTERA
STOCK HIGH LOW CLOSE VOLUME STOCK HIGH LOW CLOSE VOLUME
SIME DARBY PLANTATION 300,000 KUMPULAN WANG PERSARAAN 376,363,578 10/9
(RM) (RM) (RM) ('000) (RM) (RM) (RM) ('000)
(DIPERBADANKAN)
SIME DARBY PLANTATION 663,600 EMPLOYEES PROVIDENT FUND BOARD 1,021,363,874 5/9 EDGENTA 3.500 3.350 3.500 479.1 MUHIBAH 2.460 2.390 2.410 133.1
STRAITS INTER LOGISTICS 200,000 DATO’ SRI HO KAM CHOY 103,903,300 5 & 6/9 KAB 0.340 0.310 0.340 5481.2 IBHD 0.320 0.305 0.305 222.9
SUNWAY (349,600) EMPLOYEES PROVIDENT FUND BOARD 357,858,676 5/9 PENTA-CG 0.175 0.155 0.170 278.8 AXIATA-C43 0.015 0.015 0.015 0.2
SUNWAY REAL ESTATE (1,377,200) EMPLOYEES PROVIDENT FUND BOARD 463,036,700 5/9
PENTA 3.920 3.660 3.860 4316.2 FGV-C78 0.030 0.025 0.025 480
INVESTMENT TRUST
SYARIKAT TAKAFUL MALAYSIA (793,400) EMPLOYEES PROVIDENT FUND BOARD 66,664,500 5/9 PENTA-CA 0.355 0.350 0.350 174.8 THPLANT 0.360 0.350 0.350 198.1
KELUARGA PENTA-CE 0.220 0.185 0.220 1253.8 VS-C23 0.085 0.080 0.080 597
TA ENTERPRISE 966,600 DATUK TIAH THEE KIAN 712,938,000 5, 6 & 10/9 SALUTE 0.695 0.625 0.675 14975.4 CCM 1.600 1.570 1.570 165.9
TELEKOM MALAYSIA 5,959,700 EMPLOYEES PROVIDENT FUND BOARD 622,725,400 5/9 POS-C36 0.200 0.175 0.200 2793 TDEX 0.055 0.045 0.055 2290.4
TENAGA NASIONAL (214,400) EMPLOYEES PROVIDENT FUND BOARD 869,308,682 5/9
MESB-WA 0.195 0.185 0.195 710.3 PBBANK-C37 0.085 0.085 0.085 183.4
TOP GLOVE CORPORATION (296,800) EMPLOYEES PROVIDENT FUND BOARD 176,878,622 5/9
UNIMECH GROUP 1,385,000 DATO’ SERI LIM CHEAH CHOOI 39,845,558 10/9 MMIS 0.135 0.130 0.135 40 APFT 0.015 0.005 0.015 2016.1
VERTICE (700,000) IBRAHIM SAHARI 6,891,588 6 & 10/9 PENTA-CF 0.150 0.135 0.150 429.6 YINSON-C1 0.160 0.160 0.160 596.3
YONG TAI 46,000,000 FALCON PACE 46,000,000 10/9 INARI-C49 0.110 0.110 0.110 0.2 ASDION 0.140 0.135 0.140 208.5
While every effort is made to ensure accuracy, the information presented is not an exhaustive list and is not an official record of shareholder MTOUCHE 0.115 0.095 0.115 6926.7 TEXCYCL 0.405 0.360 0.370 386.6
filings. Direct and indirect share are combined due to space constraints. Readers who are interested should check the official filings filed with TEXCHEM 0.445 0.400 0.425 295
A50CHIN-C50 0.390 0.360 0.385 4996.6
Bursa Malaysia. Note: * denotes Ace Market
PCHEM-C41 0.160 0.145 0.150 2098.2 MMCCORPC12 0.005 0.005 0.005 10
PBBANK-C38 0.150 0.130 0.130 40 HSI-H8N 0.570 0.550 0.550 100

Local event to watch out for today GENM-C67

PMETAL-C35
0.110
0.115
0.110
0.115
0.110
0.115
1
0.4
INARI-C49
FGV-C81
0.110
0.130
0.110
0.125
0.110
0.125
0.2
250
This table shows stocks that are trading near their year high. This This table shows stocks that are trading near their year low. This
could suggest a build-up in buying momentum, or the possibility that could suggest a build-up in selling momentum, or the possibility that
• Nil profit-taking activities could set in later. bargain hunting could set in later.

Foreign exchange rates

NZ EURO US SWISS BRIT CANADA BRUNEI S’PORE AUST M’SIA CHINA BANGL’H DENM’K UAE INA INDIA JAPAN NORWAY PHIL QATAR SAUDI SWEDEN THAI HK

NZ $ 0.587 0.644 0.640 0.522 0.850 0.886 0.886 0.936 2.6842 4.563 54.257 4.382 2.365 9,006 45.822 69.379 5.777 33.405 2.344 2.416 6.242 19.591 5.042
EURO 1.703 1.097 1.091 0.890 1.447 1.509 1.509 1.594 4.5723 7.773 92.422 7.464 4.029 15,342 78.054 118.181 9.841 56.903 3.993 4.115 10.633 33.371 8.588
US $ 1.553 0.912 0.994 0.811 1.319 1.375 1.375 1.453 4.1680 7.086 84.250 6.804 3.673 13,985 71.152 107.731 8.971 51.871 3.640 3.751 9.693 30.420 7.829
SWISS FR 1.562 0.917 1.006 0.816 1.327 1.383 1.383 1.462 4.1919 7.126 84.733 6.843 3.694 14,065 71.560 108.349 9.023 52.169 3.661 3.772 9.749 30.594 7.873
STERLING £ 1.914 1.124 1.233 1.226 1.626 1.696 1.696 1.792 5.1383 8.735 103.863 8.388 4.528 17,241 87.716 132.810 11.060 63.947 4.487 4.624 11.950 37.502 9.651
CANADA $ 1.177 0.691 0.758 0.754 0.615 1.043 1.043 1.102 3.1597 5.372 63.869 5.158 2.784 10,602 53.939 81.669 6.801 39.323 2.759 2.843 7.348 23.061 5.935
BRUNEI $ 1.129 0.663 0.727 0.723 0.590 0.959 1.000 1.057 3.0304 5.152 61.255 4.947 2.670 10,168 51.732 78.327 6.523 37.714 2.647 2.727 7.047 22.117 5.692
SINGAPORE $ 1.129 0.663 0.727 0.723 0.590 0.959 1.000 1.057 3.0302 5.151 61.251 4.946 2.670 10,167 51.728 78.322 6.522 37.711 2.646 2.727 7.047 22.116 5.692
AUSTRALIA $ 1.068 0.627 0.688 0.684 0.558 0.908 0.946 0.946 2.8680 4.876 57.972 4.682 2.527 9,623 48.960 74.130 6.173 35.693 2.505 2.581 6.670 20.932 5.387
MALAYSIA RM 0.373 0.219 0.240 0.239 0.195 0.316 0.330 0.330 0.349 1.0000 1.700 20.214 1.632 0.881 3,355 17.071 25.847 2.152 12.445 0.873 0.900 2.326 7.298 1.878
100 CHINESE RMB 21.914 12.865 14.113 14.032 11.448 18.616 19.411 19.412 20.510 58.8220 1,189 96.020 51.833 197,369 1,004.148 1,520 126.608 732.045 51.370 52.934 136.795 429.311 110.483
100 BANGLAD’H TAKA 1.843 1.082 1.187 1.180 0.963 1.566 1.633 1.633 1.725 4.9472 8.410 8.076 4.359 16,600 84.453 127.871 10.648 61.568 4.320 4.452 11.505 36.107 9.292
100 DANISH KRONER 22.822 13.398 14.698 14.614 11.922 19.388 20.215 20.216 21.360 61.2600 104.14 1,238 53.982 205,550 1,045.77 1,583 131.86 762.39 53.50 55.13 142.47 447.10 115.06
100 UAE DIRHAM 42.278 24.820 27.227 27.072 22.086 35.916 37.448 37.451 39.569 113.4829 192.93 2,294 185.25 380,777 1,937 2,933 244.26 1,412 99.11 102.12 263.91 828.25 213.15
1000 INA RUPIAH 0.011 0.007 0.007 0.007 0.006 0.009 0.010 0.010 0.010 0.0298 0.051 0.602 0.049 0.026 0.509 0.770 0.064 0.371 0.026 0.027 0.069 0.218 0.056
100 INDIA RUPEE 2.182 1.281 1.405 1.397 1.140 1.854 1.933 1.933 2.043 5.8579 9.959 118.409 9.562 5.162 19,655 151.410 12.608 72.902 5.116 5.272 13.623 42.754 11.003
100 JAPAN YEN 1.441 0.846 0.928 0.923 0.753 1.224 1.277 1.277 1.349 3.8689 6.577 78.204 6.316 3.409 12,982 66.046 8.327 48.149 3.379 3.482 8.997 28.237 7.267
100 NORWEGIAN KRONER 17.309 10.161 11.147 11.083 9.042 14.704 15.331 15.332 16.199 46.4600 78.984 939 75.841 40.940 155,890 793.117 1,201 578.199 40.574 41.810 108.047 339.087 87.264
100 PHILIPPINE PESO 2.994 1.757 1.928 1.917 1.564 2.543 2.652 2.652 2.802 8.0353 13.660 162.422 13.117 7.081 26,961 137.170 207.690 17.295 7.017 7.231 18.687 58.645 15.092
100 QATAR RIYAL 42.659 25.043 27.473 27.316 22.285 36.239 37.786 37.788 39.925 114.5055 194.664 2,315 186.917 100.901 384,208 1,955 2,960 246.460 1,425 103.044 266.292 835.715 215.071
100 SAUDI RIYAL 41.399 24.304 26.661 26.509 21.626 35.169 36.669 36.672 38.746 111.1230 188.914 2,246 181.396 97.920 372,858 1,897 2,872 239.180 1,383 97.046 258.426 811.028 208.718
100 SWEDISH KRONOR 16.020 9.404 10.317 10.258 8.369 13.609 14.190 14.190 14.993 43.0000 73.102 869.181 70.193 37.891 144,281 734.051 1,111 92.553 535.139 37.553 38.696 313.834 80.765
100 THAI BAHT 5.105 2.997 3.287 3.269 2.667 4.336 4.521 4.522 4.777 13.7015 23.293 276.955 22.366 12.074 45,974 233.898 354.145 29.491 170.516 11.966 12.330 31.864 25.735
100 HK$ 19.835 11.644 12.774 12.701 10.362 16.850 17.569 17.570 18.564 53.2407 90.512 1,076.181 86.909 46.915 178,642 908.870 1,376 114.595 662.585 46.496 47.912 123.816 388.576
Note: Run your finger down the left-hand side until you reach the country of origin you plan to exchange. Then move your finger until that line intersects with the vertical column of the currency you wish to buy. The figure is how much you will get. The above rates are subject to change and provided by Thompson Reuters.
FRIDAY S E P T E MB E R 1 3 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Markets 3 1
FUTURES . MONEY MARKET . COMMODITIES

Index futures Money market

FKLI Long Rolls - KLCI futures EURO Klibor
Index points Open Interest Index points Euro/USD Implied interest rate (%)
1980 90000 18.00 1.58
1,590.00 2.50 4.5
(+2.00) 3.60
(-4.00) (Unch)
1785 68000 4.75
1.44
3.5
-8.50 1.0963
1590 46000 1.30 (-0.0046)

2.5
1395 24000 -21.75
1.16

1200 2000 -35.00 1.02 1.5

Jan 4, 2010 Sept 12, 2019 Jan 4, 2010 Sept 12, 2019 Jan 2, 2006 Sept 12, 2019 Oct 1, 2000 Sept 12, 2019

KLCI futures contracts FBM KLCI futures Euro slides after ECB cuts rates, Klibor
close lower INDEX AND FUTURES
CONTRACT LAST CHANGE VOLUME
OPEN CHANGE IN
INTEREST OPEN INTEREST
approves new bond purchases MONTH SETTLEMENT
PRICE
CHANGE VOLUME OPEN
INTEREST

The FBM KLCI futures contract on FBMKLCI 1,601.00 -1.30 128M The euro skidded below US$1.10 yesterday SEP9 96.40 — — —
OCT9 96.40 — — —
Bursa Malaysia Derivatives closed lower SEP 19 1,590.00 -4.00 5,755 31,374 -2,103 after the European Central Bank (ECB) cut DEC9 96.40 — — —
OCT 19 1,592.00 -2.50 229 412 39
yesterday. interest rates and unexpectedly relaunched MAR0 96.40 — — —
DEC 19 1,593.00 -2.00 83 602 -7
Spot month September 2019 dropped MAR 20 1,587.50 -2.00 32 184 5
a quantitative easing (QE) programme as JUN0 96.40 — — —
four points to 1,590; October 2019 declined TOTAL well to boost the region’s economy. SEP0 96.40 — — —
6,099 32,572 -2,066
DEC0 96.40 — — —
2.5 points to 1.592; and December 2019 Investors had expected a rate cut at MAR1 96.40 — — —
and March 2020 depreciated two points FUTURES
SEP/OCT
ROLL OVER BID
2.5
OFFER
1.5
CLOSE
2.5
yesterday’s meeting but there was some JUN1 96.40 — — —
each to 1,593 and 1,587.5 respectively. uncertainty as to whether policymakers SEP1 96.40 — — —
Turnover, however, increased to 6,092 FUTURES FAIR VALUE would restart a QE programme after some DEC1 96.40 — — —
MAR2 96.40 — — —
lots from 5,773 lots on Wednesday, while CONTRACT
SEP 19
DAYS TO EXPIRY
19
KLIBOR DIVIDEND FAIR VALUE
2.52 14.19 -11.67
ECB members expressed doubt in recent JUN2 96.40 — — —
open interest improved to 32,572 contracts OCT 19 50 6.86 15.68 -8.82 weeks about the need to relaunch asset SEP2 96.40 — — —
from 32,333 contracts previously. ROLL’S FAIR 2.85 purchases. DEC2 96.40 — — —
The benchmark KLCI lost 1.3 points to The euro, after initially rising, dropped MAR3 96.40 — — —
JUN3 96.40 — — —
end at 1,601. sharply to as low as US$1.0955, the day’s low
SEP3 96.40 — — —
Most Southeast Asian stock markets and down 0.5% on the session, as investors DEC3 96.40 — — —
ended lower yesterday, with Indonesia digested news of the rate cut and relaunch MAR4 96.40 — — —
falling the most, as signs of relief in the of QE. JAN-00 — — — —
US-China trade conflict failed to boost Around the region, MSCI’s Asia ex-Japan The euro hit a 28-month low earlier this JAN-00 — — — —
TOTAL 0 0
sentiment. stock index was firmer by 0.5%. — Agencies month of US$1.0963. — 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 6400 0.700 155.00 1980
200000
2,188 1,505.70
(-18) (+9.10)
3450 5075 1660
152500 0.2893 0.525 121.25
(RM2,656/tonne)
2700 3750
55.21 1340
105000 0.350 87.50 (-0.54)

1950 57500 2425 0.175 53.75 1020

2,188
1200 10000
700
1100 (-18) 0.000 20.00
Jan 6, 2008 Sept 12, 2019 Apr 10, 2007 Sept 12, 2019 Aug 31, 2008 Sept 12, 2019
Jan 6, 2008 Sept 12, 2019

Palm oil slips as stronger CPO futures Oil prices fall after Opec+ Commodities

ringgit, weaker DCE weigh CONTRACT

SEP-19
LAST
2,145
CHANGE
31
VOLUME
11
OPEN CHANGE IN
INTEREST OPEN INTEREST
1,596 -3
talks, ECB rate cut AGRICULTURE
CRUDE PALM OIL
UNIT
RM/TON
EXCHANGE
MDEX
LAST PRICE CHANGE
2,188 -17
RUBBER SEN/KG MRB 554.00 1.50
OCT-19 2,157 -9 903 8,042 -544
Malaysian palm oil futures eased yesterday Oil prices fell yesterday after a meeting of CORN USC/BSH CBOT 349.75 1.50
NOV-19 2,188 -18 19,373 49,595 -1,284
SOYBEANS USC/BSH CBOT 854.00 -5.25
as a stronger ringgit and weaker related oils DEC-19 2,225 -17 8,573 30,440 -687 the Opec+ alliance yielded no decision on
WHEAT USC/BSH CBOT 477.50 -7.00
on China’s Dalian Commodity Exchange JAN-20 2,250 -24 7,019 39,622 1,677 deepening supply cuts but focused instead LIVE CATTLE USC/IBS CME 103.63 UNCH
(DCE) weighed on prices. CPO FUTURES CPO/SOYOIL on bringing Nigerian and Iraqi output down COCOA US$/TON NYBOT 2,302 -2
The benchmark palm oil contract for INDICATIVE ROLL-OVER CURRENT FUTURES BASIS (USD) to their agreed quotas. COFFEE USC/IBS NYBOT 102.25 -1.15
SEP/OCT -52 -97.85
November delivery on Bursa Malaysia SEP/NOV -84 3 MONTHS AVERAGE -112.20
Oil came under further pressure after the SUGAR USC/IBS NYBOT 11.83 -0.02
Derivatives lost 0.8% at RM2,189 per tonne. SEP/DEC European Central Bank (ECB) cut its deposit COTTON USC/IBS NYC 60.48 0.42
-116 6 MONTHS AVERAGE -113.23
The ringgit, palm oil’s currency of trade, OCT/NOV -32 rate to a record low -0.5% from -0.4% and METAL & PRECIOUS METALS
TIN US$/TON KLTM 17,300 150
strengthened against the US dollar by 0.3% to SGS & ITS EXPORT ESTIMATES (TONNES) said it will restart bond purchases of €20 COPPER USC/IBS CMX 2.6540 0.0450
4.164, making it more expensive for foreign SHIPMENT DAYS JUN’19 JUL’19 AUG’19 billion a month from November to prop up GOLD US$/TROY OZ CMX 1,505.70 9.10
buyers. 1 - 10TH DAYS 377/377 366/368 476/512 euro zone growth. PLATINUM US$/TROY OZ NYMEX 957.70 17.50
Palm oil may fall into a range of RM2,166 1 - 15TH DAYS 656/637 658/656 752/765
Brent crude futures were down 79 US PALLADIUM US$/TROY OZ NYMEX 1,588.00 31.20
to RM2,183 ringgit per tonne, said Wang Tao, 11 -- 20TH DAYS
25TH DAYS
898/913
1,174/1,174
926/909 984/1028
1,151/1,124 1,379/1,365
cents to US$60.02 a barrel. US West Texas SILVER USC/TROY OZ CMX 18.20 0.12
a Reuters market analyst for commodities FULL MONTH Intermediate futures fell 54 US cents to ALUMINIUM RMB/TON SHF 14,425 35
1,372/1,358 1,438/1,380 1,662/1,645
ZINC RMB/TON SHF 19,245 110
and energy technicals. MALAYSIAN PALM OIL BOARD US$55.21. Both were heading for a third
“(Related oils on) the DCE are lower, and MAY’19 JUN’19 JUL’19 AUG’19 session of losses. ENERGY
LIGHT CRUDE OIL US$/BBL NYMEX 55.21 -0.54
a stronger ringgit also weighed,” said a Kuala PRODUCTION 1,671 1,519 1,738 1,822 Saudi Arabia’s new energy minister, Prince HEATING OIL USC/GAL NYMEX 1.8800 -0.0234
EXPORT 1,712 1,383 1,485 1,733
Lumpur-based futures trader. STOCKS 2,447 2,424 2,391 2,252
Abdulaziz Salman, said deeper cuts would NATURAL GAS US$/MMBTU NYMEX 2.569 -0.020
The market had earlier been lifted by not be decided before a meeting of the Opec BRENT CRUDE US$/BBL ICE 60.02 -0.79
MPOB palm oil physical
Indonesia’s decision to increase its biodiesel planned for December. — Reuters GAS OIL US$/TON ICE 575.75 -13.75
allocation for the country’s mandatory (IN RM/TON) SEP’19 OCT’19 NOV’19

programme in 2019 to 6.63 million kilolitres CPO DELD

PK EX-MILL
2,122.50 2,110.00 NO TRADE
NO TRADE NO TRADE NO TRADE
Centrifuged Latex Rubber - M’sia SMR 20
from a previous allocation of 6.19 million CPKO DELD 2,320.50 NO TRADE NO TRADE Sen/Kg
Sen/Kg
kilolitres. RBD P.OIL FOB NO TRADE NO TRADE NO TRADE 1100 1900
In other related oils, US soyoil futures on RBD P.OLEIN FOB NO TRADE NO TRADE NO TRADE
the US Chicago Board of Trade (CBoT) rose RBD P. STEARIN FOB NO TRADE NO TRADE NO TRADE 900 441.00 1475 554.00
(+0.50)
1.1% on Wednesday, and were last up 0.2% MPOB FFB REF PRICE (MILL GATE PRICE) (+1.50)

yesterday. REGION GRADE A GRADE B GRADE C 700 1050

OER (RM/TON) OER(RM/TON) OER (RM/TON)
CBoT corn and soybean futures gained NORTH 20.00% 421 19.00% 400 18.00% 380
ground yesterday as traders squared positions SOUTH 20.00% 428 19.00% 407 18.00% 386
500 625
ahead of a widely-watched US Department of CENTRAL 20.00% 425 19.00% 405 18.00% 384
Agriculture report scheduled to be released EAST COAST 20.00% 422 19.00% 402 18.00% 381 300 200
SABAH 22.00% 411 21.00% 392 20.00% 374 Jan 7, 2007 Sept 12, 2019 Jan 7, 2007 Sept 12, 2019
later in the session. — Reuters SARAWAK 22.00% 415 21.00% 396 20.00% 377
 Markets
32 FR I DAY SEP TEM B ER 1 3 , 2 0 1 9 • 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 ROUNDUP 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] 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 1,601.00 1.30 FBM ACE 4,528.79 23.06 FTSTI 3,194.96 9.56 NIKKEI 21,759.61 161.85 HANG SENG 27,087.63 71.43 DOW JONES 27,137.04 227.61

By nature, men are nearly alike; by practice, Market movers

they get to be wide apart. — Confucius
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 VSOLAR 68,962.9 -0.005 -4.55 0.105 — 0.00
('000) (%) (RM) (RM) (RM) (RM) ARMADA 65,762.6 -0.010 -3.51 0.275 — 1.07
Index point
1609.0 HSI-H8E 56,655 -1.85 -0.005 0.265 0.280 0.240 HSI-H8E 56,654.7 0.005 1.92 0.265 — 0.00
KL Composite Index
1606.9 HSI-C7E 39,826 -3.70 -0.010 0.260 0.310 0.245 HSI-C7E 39,825.7 -0.005 -1.89 0.260 — 0.00
1604.8 HUBLINE 37,811 10.00 0.005 0.055 0.060 0.045 HUBLINE 37,811.4 0.005 10.00 0.055 38.46 0.00
1,601.00 GPACKET-WB 35,930 4.08 0.010 0.255 0.255 0.245 GPACKET-WB 35,929.8 0.010 4.08 0.255 — 0.00
1602.7 (-1.30)
1600.6 KLCI futures TADMAX 32,747 3.23 0.010 0.320 0.330 0.310 SAPNRG 35,400.0 -0.010 -3.57 0.270 — 2.44
HSI-H8B 30,381 0.00 0.000 0.300 0.315 0.260 TADMAX 32,746.8 0.010 3.23 0.320 19.50 0.00
1598.5
ARBB 28,034 9.68 0.030 0.340 0.345 0.310 HSI-H8B 30,380.7 -0.005 -1.64 0.300 — 0.00
1596.4 1,590.00 HSI-H6S 27,253 -6.45 -0.010 0.145 0.165 0.125 ARBB 28,033.7 0.030 9.68 0.340 1.65 0.00
1594.3 (-4.00)
HSI-C7J 26,595 -4.92 -0.015 0.290 0.335 0.285 HSI-H6S 27,252.8 UNCH UNCH 0.145 — 0.00
1592.2 HSI-H6Q 23,423 0.00 0.000 0.080 0.095 0.060 HSI-C7J 26,594.6 -0.015 -4.92 0.290 — 0.00
1590.1 HSI-C7F 19,816 -3.60 -0.020 0.535 0.595 0.515 EKOVEST 25,165.3 0.005 0.61 0.820 12.83 1.23
1588.0 HSI-H6T 19,530 5.95 0.025 0.445 0.450 0.380 HSI-H6Q 23,422.8 UNCH UNCH 0.080 — 0.00
8:45 9:30 10:30 11:30 12:45 14:30 15:30 16:30 17:15
DSONIC-WA 19,440 2.44 0.010 0.420 0.435 0.410 HSI-C7F 19,815.9 -0.005 -0.93 0.535 — 0.00
ICONIC 18,564 1.49 0.005 0.340 0.360 0.340 HSI-H6T 19,530.1 0.030 7.23 0.445 — 0.00
Daily FBM KLCI SALUTE 14,975 8.87 0.055 0.675 0.695 0.625 DSONIC-WA 19,439.5 0.010 2.44 0.420 — 0.00
MAYBULK 12,939 3.57 0.025 0.725 0.755 0.700 INARI 19,005.3 UNCH UNCH 1.730 28.69 3.01
DSONIC 18,689.7 UNCH UNCH 0.915 28.59 2.73
KL Composite Index Moving average - 20-day Table above is from Reuters Volume break 3x 5-day average volume, meaning the total number of shares
UZMA 18,594.6 0.040 5.03 0.835 8.57 0.00
2030.0 traded for a particular counter on the previous trading day is more than triple the average volume for the
1,601.00
(-1.30) 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

1,599.44 KLCI falls, ringgit strengthens UP

CLOSE
CHANGE
(RM)
DOWN
CLOSE
CHANGE
(RM)

after BNM rate decision

1425.0 BAT 19.800 1.000 DLADY 60.600 -1.400
CHINTEK 6.500 0.470 PETDAG 23.100 -0.780
PCHEM 7.510 0.280 NESTLE 146.200 -0.700
1122.5
PENTA 3.860 0.180 RAPID 5.640 -0.250
KUALA LUMPUR: The FBM KLCI finished 1.3 points or AEONCR 15.060 0.160 PANAMY 37.980 -0.220
820.0 0.08% lower yesterday at 1,601 after volatile trade in the LPI 15.880 0.160 SCIENTX 8.320 -0.180
Jan 2, 2008 Sept 12, 2019
final trading hour in an apparent reaction to Bank Negara AIRPORT 8.640 0.140 SSTEEL-LB 0.920 -0.180
Malaysia’s (BNM) decision to maintain the overnight policy KESM 6.840 0.140 MBMR-CK 0.170 -0.170
900 rate (OPR) at 3%. The ringgit strengthened. MPI 8.870 0.120 KLK 23.640 -0.140
DIGI 4.720 0.110 UMW 4.980 -0.140
BNM’s decision may have disappointed stock market
600 KHIND 1.630 0.110 TENAGA 13.800 -0.140
investors, who had earlier anticipated an interest rate cut. In PMBTECH 3.300 0.110 HAPSENG 9.770 -0.120
300 theory, interest rate cuts are good for the stock market and
bad for currencies. Top gainers and losers (ranked by%age)
0 Malacca Securities Sdn Bhd senior analyst Kenneth Leong

 
Volume (’mil) told theedgemarkets.com that the “KLCI’s pullback followed UP CHANGE DOWN CHANGE
CLOSE (%) CLOSE (%)
BNM’s statement” at 3pm yesterday that its monetary policy
FBM KLCI futures committee decided to maintain the OPR at 3%. PCHEM-C31 0.015 200.00 AXIATA-C43 0.015 -76.92
PCHEM-C35 0.035 133.33 TAKAFUL-CF 0.035 -53.33
CONTRACT SETTLEMENT CHANGE HIGH LOW
At 5pm, the KLCI closed in the red after rising to its
HSI-C7A 0.020 100.00 SANICHI-WE 0.005 -50.00
SEP 19 1,590.00 -4.00 1,602.00 1,589.50 intraday high of 1,608.39. POS-C33 0.010 100.00 HSI-H6O 0.005 -50.00
OCT 19 1,592.00 -2.50 1,602.00 1,592.00 Across Bursa Malaysia, turnover settled at 1.89 billion POS-C34 0.010 100.00 MMCCORPC12 0.005 -50.00
DEC 19 1,593.00 -2.00 1,602.00 1,593.00
shares worth RM1.74 billion. Top decliners included KLCI PCHEM-C32 0.010 100.00 MBMR-CK 0.170 -50.00
components Petronas Dagangan Bhd and Tenaga Nasional APFT 0.015 50.00 YKGI-WB 0.005 -50.00
FBM KLCI sensitivity* Bhd. HSI-C5R 0.015 50.00 PESONA-WC 0.005 -50.00
GUNUNG-WB 0.045 50.00 MAHSING-WC 0.005 -50.00
KLCI CHANGE CLOSE VOLUME In currency markets, the ringgit strengthened to 4.1648
POINTS (RM) (RM) ('000) PCHEM-C36 0.080 45.45 A50CHIN-C38 0.020 -42.86
PETRONAS CHEMICAL 3.49 0.280 7.510 10476.9
against the US dollar at the time of writing amid higher crude PCHEM-C34 0.035 40.00 HSI-H8Q 0.155 -42.59
DIGI.COM 1.33 0.110 4.720 4422.3 oil prices and a stronger yuan. At a glance, the ringgit also SUPERMX-C72 0.090 38.46 ABMB-C1 0.020 -33.33
GENTING MALAYSIA 0.37 0.040 3.250 11361.0 appeared to take cue from BNM’s decision to maintain the
MALAYSIA AIRPORT 0.36 0.140 8.640 368.4 OPR at 3%. Top gainers and losers - warrants (ranked by%age)
PETRONAS GAS 0.31 0.100 16.420 1187.6 The KLCI bucked Asian equities rise amid ebbing US-
HONG LEONG BANK 0.27 0.080 16.480 1477.1 UP CHANGE DOWN CHANGE
NESTLE MALAYSIA -0.26 -0.700 146.200 136.1
China trade war concerns. — by Tan Xue Ying CLOSE (%) CLOSE (%)
MAXIS -0.37 -0.030 5.570 731.3 PCHEM-C31 0.015 200.00 AXIATA-C43 0.015 -76.92
HARTALEGA HOLDINGS -0.37 -0.070 5.260 1704.2
World equity indices PCHEM-C35 0.035 133.33 TAKAFUL-CF 0.035 -53.33
AMMB HOLDINGS -0.38 -0.080 4.050 1981.7 HSI-C7A 0.020 100.00 SANICHI-WE 0.005 -50.00
CIMB GROUP -0.45 -0.030 5.000 8702.3 CLOSE CHANGE CLOSE CHANGE POS-C33 0.010 100.00 HSI-H6O 0.005 -50.00
HAP SENG CONSOLIDATED -0.47 -0.120 9.770 204.7
DOW JONES 27,137.04 227.61 INDONESIA 6,342.17 -39.78 POS-C34 0.010 100.00 MMCCORPC12 0.005 -50.00
SIME DARBY PLANTATION -0.86 -0.080 4.850 2104.4
S&P 500 3,000.93 21.54 JAPAN 21,759.61 161.85 PCHEM-C32 0.010 100.00 MBMR-CK 0.170 -50.00
PETRONAS DAGANG -1.21 -0.780 23.100 373.0
NASDAQ 100 7,887.58 72.84 KOREA 2,049.20 17.12 HSI-C5R 0.015 50.00 YKGI-WB 0.005 -50.00
TENAGA NASIONAL -1.24 -0.140 13.800 1365.9
FTSE 100 7,338.03 70.08 PHILIPPINES 7,944.43 -23.47 GUNUNG-WB 0.045 50.00 PESONA-WC 0.005 -50.00
IHH HEALTHCARE -1.50 -0.110 5.690 2047.7
AUSTRALIA 6,654.90 16.90 SINGAPORE 3,194.96 -9.56 PCHEM-C36 0.080 45.45 MAHSING-WC 0.005 -50.00
SUB-TOTAL -0.96
CHINA 3,031.24 22.42 TAIWAN 10,827.55 37.20 PCHEM-C34 0.035 40.00 A50CHIN-C38 0.020 -42.86
OTHERS -0.34
HONG KONG 27,087.63 -71.43 THAILAND 1,660.68 -13.35 SUPERMX-C72 0.090 38.46 HSI-H8Q 0.155 -42.59
GRAND TOTAL -1.30
INDIA 37,104.28 -166.54 VIETNAM 976.07 6.76 PCHEM-C38 0.145 38.10 ABMB-C1 0.020 -33.33
* How stock price changes affected the index on the previous trading day

Published by The Edge Communications Sdn Bhd (266980-X) Level 3, Menara KLK, No 1, Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, Selangor, Malaysia.
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Mah Sing to
introduce Demand for properties in this
park-and-live small enclave in Petaling Jaya
concept at M Arisa
TEP
has remained strong with
03
NEWS
property values resilient
to the market slowdown.
See Pages 4 and 5.

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NEWS HIGHLIGHTS from www.EdgeProp.my

The Edge Property Sdn Bhd
(1091814-P)
Level 3, Menara KLK,
No. 1 Jalan PJU 7/6, Mutiara
Damansara, 47810 Petaling Jaya,
Selangor, Malaysia
EdgeProp.my
Managing Director/Editor-in-chief
Au Foong Yee
EDITORIAL
Executive Editor Sharon Kam
Assistant Editor Tan Ai Leng
Deputy Chief Copy Editor
James Chong
Copy Editor
Arion Yeow
Senior Writer
Rachel Chew
Writers
Natalie Khoo, Shawn Ng,
Chin Wai Lun, Chelsey Poh
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For New Launches/Events/
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email: editor@edgeprop.my
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ADVERTISING & MARKETING
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TTDI residents’
appeal: Hearing
rescheduled to Nov 22
Hearing of the appeal by Taman Tun
Dr Ismail (TTDI) residents against
the dismissal of their judicial review
to challenge the development of a
high-rise residential project in Taman
Rimba Kiara has been rescheduled to
Nov 22. The case had earlier been fixed
for hearing on Sept 10.
Counsel Datuk Dr Gurdial Singh
Nijar told the media that the court
wanted the parties to prepare a map
marking the area prior to and after
development. Conditional planning
permission and development order
for the project had been granted by
Kuala Lumpur City Hall (DBKL).
The applicants are seeking to
quash DBKL’s decision on the pro-
posed development which included a
29-storey apartment comprising 350
units of affordable housing and eight
serviced apartment blocks with eight
storeys of podium parking space.
The residents’ bid to stop the pro-
posed project was dismissed by the
High Court in November last year.
No more land deals
for YWP
In view of the controversies sur-
rounding the Yayasan Wilayah
Persekutuan (YWP), its chairman
Khalid Abdul Samad said it has de-
cided to stop venturing into busi-
nesses involving land deals.
YWP ventured into land develop-
ment in 2011, and it is currently the
biggest contributor to YWP, accord-
ing to Khalid.
However, he said the manage-
ment has decided to step back and
look at other business opportunities.
Furthermore, there is not much land
Chin Hin partners education service provider
for 8th & Stellar project
Chin Hin Property Development
has partnered with early childhood
education service provider Melody
Kindyland to bring in the latter’s
kindergarten and daycare centre
to its 8th & Stellar development
in Sri Petaling, Kuala lumpur and
possibly to another project in Seri
Kembangan, Selangor.
Represented by Chin Hin group
managing director Chiau Haw
Choon and Melody Kindyland CEO
Samuel Swea, both parties inked a
joint venture agreement on Sept 6
at 8th & Stellar Sales Gallery.
The event was witnessed by Chin
Hin group deputy group executive
chairman Datuk Seri Chiau Beng
Teik, Chin Hin Property Develop-
ment managing director Datuk Yeo
Chun Sing and Melody Kindyland
founder Adrian Swea.
The partnership will see a
Melody Kindyland kindergarten
and daycare centre set up in three
left in YWP anyway, he added.
He estimates it will be another
three to five years before its land
development ventures end.
HOC to attract
China property
investors?
Putrajaya is looking at organising a
Home Ownership Campaign (HOC)
either in China or Hong Kong to at-
tract buyers from there to invest
in the Malaysian property market,
which is cheaper by comparison,
double-storey retail units at 8th & ed to 8,000 or 10,000 sq ft in fu-
Stellar, which is expected to take up ture if needed.
6,000 sq ft of space and accommo- Targeted to be completed in
date 160 children, Haw Choon said. the fourth quarter of 2022, 8th
“We do not want to create just & Stellar is a twin-tower mixed
a house for our homeowners but development comprising cor-
also a holistic lifestyle. Hence the porate offices, retail shops and
services we are bringing into our some 600 units of duplex lofts
projects,” he continued. and serviced apartments.
He added that the kindergarten Chin Hin’s office will be re-
and daycare centre can be expand- located to 8th & Stellar as well.
said Housing and Local Government Get BREAKING
PROPERTY
Minister, Zuraida Kamaruddin.
“I was thinking that we could or- NEWS delivered
ganise this HOC campaign [in China to you daily via
or in Hong Kong] ... [because] it is WhatsApp!
cheaper to buy a house here. TO SUBSCRIBE
“I went to one flat of 250 sq ft
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Kong,” she told reporters at the 5th this QR code.
Smart Cities Asia 2019 on Wednesday.
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However, Zuraida said only high- "NEWS" and your full
end homes would be sold to the name in the message.
China investors.

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LAUNCHES + EVENTS
Mid-autumn Festival
at Equine Residence
Date: Sept 14 (Sat)
Time: 12pm to 6pm
Venue: Equine Residence Sales
Gallery, Persiaran Akademi
Perdana, Taman Equine, Seri
Kembangan, Selangor
Contact: (03) 2161 2345
Beverly Group invites all to
celebrate the Mid-autumn
Festival with fun games such as
riddles, mooncake workshop and
lantern workshop. RSVP for a
special gift and workshop slots
on its official Facebook page.
Launch of Lifestyle
Tower & Breakfast
with Marina Mahathir
Date: Sept 14 (Sat)
Time: 8:30am to 4pm
Venue: Lumi Sales Gallery,
17, Jalan Professor Khoo
Kay Kim, Seksyen 13,
Petaling Jaya, Selangor
Contact: 1700-81-8981
Thriven Global invites all to the
launch of Lifestyle Tower @ Lumi
Tropicana and a breakfast session
with Datin Marina Mahathir. The
family-friendly event will also
offer hand spas, tea appreciation,
Blue Ribbon Artistry with Kid
Chan Photography Exhibition and
refreshments by Le Cordon Bleu.
Merdeka Fun Fiesta
Date: Sept 14 & 15 (Sat & Sun)
Time: 10am to 5pm
Venue: KITA @ LBS Cybersouth,
Cybersouth, Dengkil, Selangor
Contact: 1700-81-8998
Celebrate the National Day month
If you have any real estate-related events, email us at editor@edgeprop.my.
Events listed here will also appear on www.EdgeProp.my.
with LBS Bina Group in its latest
township located in Dengkil.
Some activities over the two
fun-filled days are childhood
games, food and lucky draws.
Mid-autumn Festival
at Tropicana Metropark
Date: Sept 14 & 15 (Sat & Sun)
Time: 11am to 5pm
Venue: Tropicana Metropark
Property Gallery, No. 1, Jalan
Delima 1/1, Subang Hi-tech
Industrial Park, 47500
Subang Jaya, Selangor
Contact: (03) 5636 6888
Tropicana Corp Bhd welcomes
all to celebrate the Mid-
autumn Festival and take part
in fun workshops including
lantern paining, clay lantern
fridge magnet making and
snow skin mooncake making.
Mooncake and mid-autumn
delicacies will be served.
SkyMeridien’s Hearty Day
Date: Sept 15 (Sun)
Time: 10am to 5pm
Venue: SkyMeridien Sales
Gallery, Jalan 1/48a, Bandar
Baru Sentul, Kuala Lumpur
Contact:
(03) 4270 9968
Organised by
SkyWorld in
conjunction
with World
Heart Day
2019, guests
can take part
in the blood
donation
drive, visit the health check
counters and participate in a
healthcare sharing session by
fitness YouTuber Joanna Soh.
Snow skin mooncake
workshop
Date: Sept 15 (Sun)
Time: 2pm to 5pm
Venue: Function Hall, Eco
Majestic Sales Gallery, 1,
Lingkaran Eco Majestic, Eco
Majestic, Semenyih, Selangor
Contact: (03) 8723 2255
Learn to make the snow
skin mooncake at RM25 per
admission to the workshop.
There are two sessions available
at 2pm and 3.30pm. Please RSVP
as limited seats are available on
a first-come, first-serve basis.
FR IDAY S E P T E MB E R 1 3 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Mah Sing to introduce
park-and-live concept
at M Arisa
BY S H AWN N G
PETALING JAYA: Following the success of
M Centura, Mah Sing Group Bhd will be
launching its second project in Sentul called
M Arisa in the fourth quarter of 2019 with an
estimated GDV of RM656 million.
M Arisa is a freehold development com-
prising 1,598 serviced residences across two
55-storey towers on a 3.31-acre site.
With built-ups from 550 to 1,008 sq ft,
the units will be priced from RM299,000 to
RM650,000 — similar to the pricing of M
Centura serviced residences which were
launched in November 2017 with a GDV of
RM570 million. It has achieved some 90%
take-up for its 1,413 units as at July 15 this year.
Mah Sing CEO Datuk Ho Hon Sang told
EdgeProp.my that the upcoming M Arisa
shows the developer’s commitment to build
affordably priced products of good quality
in strategic and mature locations with easy
access to highway connectivity and public
transport hubs.
Sentul itself, he added, has been trans-
formed from an old railway depot town into
a preferred location among homebuyers
HAPPY MALAYSIA DAY!
LOW YEN YEING | EdgeProp.my
Ho: New
developments
can be seen
mushrooming
within Sentul.
offering excellent connectivity such as the
Duta-Ulu Kelang Expressway (DUKE) and
Middle Ring Road 2 (MRR2); as well as am-
ple amenities such as shopping malls, public
transport and schools, he said.
“New developments can be seen mush-
rooming within Sentul. The DUKE highway,
deemed as a catalyst or a game changer
for the transformation of Sentul, is located
merely 1.5km from M Arisa and connects
it to the rest of the Klang Valley,” Ho said.
Furthermore, the Sentul Timur LRT (Light
Rail Transit) Station and three KTM train
stations are less than 4km from the project,
providing an alternative travelling option
for future M Arisa residents, said Mah Sing
general manager of sales and marketing
Chris Chen.
M Arisa, he offered, will be an ideal choice
for first-time homebuyers, upgraders and
some young families as it offers improved
designs that the developer curated based
on customer feedback.
“Some people may be concerned with
the density of the project but actually, over
50% of the units are one- and two-bedroom
units where only one or two persons would
be staying.
“On top of that, we are incorporating the
concept of park-and-live with a speed park-
ing ramp to offer a hassle-free lifestyle for
the residents,” he said.
The park-and-live concept means that
some residents will have their parking space
located at the same level of their units. With
the speed parking ramp, a resident can di-
rectly access his/her own parking slot without
having to drive around the car park.
The project will also feature Sentul’s first
multi-level sky garden on Level 36 with an
urban amenity forest concept that encom-
passes the landscape or vegetation of a city.
EP 3
NE W S
MAH SING
Some residents will have their parking space
located at the same level of their units with
the speed parking ramp.
Meanwhile, Ho is positive that Mah Sing
will achieve its RM1.5 billion sales target for
the current financial year ending Dec 31, 2019.
“Our products are affordably priced and
are located in strategic locations — supported
by our strong track record and established
brand presence. Despite the current chal-
lenging market, the take-up for our launches
has been reasonable at an average 50% to
60% within the first year of launch,” he said.
Backed by a healthy balance sheet with
cash and balance of RM1.3 billion, the devel-
oper will continue focusing on replenishing
prime lands in the Klang Valley. Mah Sing’s
remaining landbank stands at 2,086 acres
with total GDV and unbilled sales of about
RM25.8 billion.
From all of us at
EP 4 FR I DAY SEP TEM B ER 1 3 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

COVER STORY

DAMANSARA KIM:
Small but resilient

PICTURES BY LOW YEN YEING | EdgeProp.my

An aerial view of
Damansara Kim.

B Y C H I N WA I LUN
Top 10 highest transacted prices of 2-storey
houses at Damansara Kim since 2015
ADDRESS YEAR OF LAND BUILT-UP PRICE (RM) RM PSF (BY
TRANSACTION (SQ FT) AREA (SQ FT) LAND SIZE)

Jalan SS20/5 2018 1,540 1,515 1,300,000 844

is part of the greater Damansara Jalan SS20/1 2016 1,540 1,515 1,250,000 812
Utama suburb in Petaling Jaya, Se-
langor. This area consists mainly of Jalan SS20/20 2017 1,650 1,668 1,220,000 739
residential properties, unlike the oth- Jalan SS20/6 2018 1,540 1,515 1,130,000 734
er Damansara Utama suburb, SS21 Jalan SS20/9 2017 1,540 1,515 1,120,000 727
which is mainly a commercial hub
and is popularly known as Damansara Jalan SS20/18 2019 1,650 1,668 1,100,000 667
Uptown. Jalan SS20/3 2017 1,540 1,515 1,000,000 649
Often referred to as Damansara
Jalan SS20/14 2015 1,650 1,668 1,060,000 642
Kim, a large portion of SS20 was de-
veloped in 1983 by Capital Land Sdn Jalan SS20/11 2017 1,650 1,668 1,030,000 624
Bhd, the property division of Tan Lai Jalan SS20/14 2018 1,650 1,759 985,000 597
Kim Group of Companies, and was SOURCE: JABATAN PENILAIAN DAN PERKHIDMATAN HARTA (JPPH)
the first in the series of Capital Land’s
developments in the Klang Valley. Average transacted a private hospital (KPJ Damansara
This portion consists of shop- Specialist Centre) and many eater-
lots and houses to the south of Jalan price for 2-storey ies and cafes such as Euro Deli, Fish
SS20/21, ending at a row of houses on terraced homes and Noodle House, KomPassion Thai
Jalan SS20/1 facing 3 Damansara mall. Fusion Food and some Chinese kopi-
The remaining portion (which con- 1,200 (RM’000) tiams. These outlets usually witness a
sists only of residential properties) throng of visitors, mainly those who
north of Jalan SS20/21 till the north- work in the vicinity, streaming in dur-
RM971,496

RM1,150,729

ern fringe of Jalan SS20/10 was de- 1,100 ing lunch.

veloped by See Hoy Chan Sdn Bhd Double-storey shoplots along Jalan SS20/11. One notable and recently-add-
Group in the 1980s in three phases: ed highlight in the area is a mural at
Damansara Alpha, Damansara Delta Double-storey 1,000 an alley along Jalan SS20/10 which
and Damansara Belinda. terraced homes is often used by pedestrians to get
The approximately 110-acre free- in Damansara to the TTDI MRT station. The alley
hold enclave is surrounded by mature Kim. 900 was spruced up earlier this year with
‘13 ‘14 ‘15 ‘16 ‘17 ‘18
and popular neighbourhoods like additional lighting on top of the flo-
SOURCE: EdgeProp.my
Damansara Uptown and Damansara ral-themed mural.
Jaya to the west, SS2 and Seksyen Just a stone’s throw away from the
17, Petaling Jaya down south, while mural lies a park (Jalan SS20/12) with
Taman Tun Dr Ismail (TTDI) and a football field and a basketball court.
Kuala Lumpur city centre lies north. Two more parks are located at Jalan
Damansara Kim is flanked by two SS20/5 and SS20/26.
major highways: Damansara-Puchong
Expressway (LDP) and SPRINT. It Residential properties
is also accessible via nearby public holding up
transportation (within a 1km radius) The bulk of properties in
such as the TTDI MRT (mass rapid Damansara Kim consist of landed
transit) station. residential properties — mostly ter-
Damansara Kim also houses a clus- raced and also some semidee and de-
ter school (SMK Damansara Utama), tached houses.
FR IDAY S E P T E MB E R 1 3 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
The price of these properties
have increased and held steady
over the years. Based on data from
EdgeProp.my, the average transacted
price of two-storey terraced homes
from the first quarter (1Q) of 2013 to
1Q2019 had ranged from RM732,500
to RM1,300,000.
And since 2015, average quarterly
transacted prices have mainly hovered
between RM1.01 million to RM1.3
million. The average transacted price
over the course of five years (2013 -
2018) stands at RM1,032,372.
Current listings on EdgeProp.my
as at August 2019 show 19 sale list-
ings from a 2-storey terraced house
priced at RM825,000 to RM4,300,000
for a detached unit.
According to PA International Prop-
erty Consultants Sdn Bhd’s managing
director Jerome Hong, there were not
many transactions of 2-storey terraced
houses in 2018 and early 2019.
“However based on the transaction
of properties of similar land sizes, the
appreciation was 1% - 2% per annum
from 2015 to early 2019,” says Hong.
Metro Homes Realty Bhd executive
director See Kok Loong says prices
have been stable for residential prop-
erties because the area has been fully
developed.
“And these prices differ based on
the condition of the particular unit,”
See adds.
Meanwhile senior real estate con-
sultant at CBD Properties Sdn Bhd
Ruben Soon notes that there has
been a slight increase in price over
the years for residential properties
Three-storey
shoplots along
Jalan SS20/10.
PA INTERNATIONAL
PROPERTY CONSULTANTS
Hong: Property prices
in Damansara Kim have
caught on thanks to the
TTDI MRT station.
HARIS HASSAN | THE EDGE
See: Potential for further
growth will be limited but
any price drop is unlikely.
CBD PROPERTIES
Soon: Rents are largely
stable, hence they
appeal to working
professionals.
here at Damansara Kim.
“The demand is still there due to
its convenience. The area is near the
TTDI MRT station and there are free
shuttle bus services to and from 3
Damansara Mall and the Kelana Jaya
LRT (light rail transit) station.
The Starling Mall and the many re-
tail shops in Damansara Uptown are
also not too far away. There is also a
Jaya Grocer at Glo Damansara across
from Jalan SS20/10.
“I noticed a greater demand for
[terraced houses] surrounding Jalan
SS20/10, due to the presence of shops
and high traffic from the TTDI MRT
station. Two years ago, I sold two units
for about RM950,000 and RM1.36
million,” shares Soon.
As for rental, Soon observes a min-
imum of RM1,900 per month for un-
furnished terraced homes. Furnished
ones could go above RM2,000 per
month. “Rents are largely stable, hence
they appeal to working professionals
and also to medical staff working at
KPJ hospital,” he says.
Meanwhile, Soon, who is a long-
time resident of Damansara Kim, adds
that the Residents Association and
Rukun Tetangga here have set up a
community policing programme for
the housing area. According to him,
certain streets and zones have been
turned into gated-and-guarded com-
munities.
However, See notes that it will still
be challenging to fully gate and guard
the entire area due to the multiple
entry and exit points, as well as com-
mercial lots.
COVER STORY
Transactions of 2-storey shops at Jalan SS20/ 11
(with land size 1,650 sq ft and built-up of 2,859 sq ft)
YEAR LAND SIZE (SQ FT) BUILT-UP (SQ FT)
2018 1,650
2017 1,650
2013 1,650
2013 1,650
SOURCE: JABATAN PENILAIAN DAN PERKHIDMATAN HARTA (JPPH)
Commercial properties
remain resilient
Commercial properties in
Damansara Kim consist of shopoffic-
es located along Jalan SS20/10 (3-sto-
reys) and SS20/11 (2-storeys).
Transactions of commercial
properties have been minimal in
Damansara Kim. There are currently
no rent and sale listings on EdgeProp.
my as at end-August 2019.
According to PA International’s
Hong, prices of 2-storey shopoffices
have remained stable over the past
five years (2013 – 2018) with an ap-
preciation of about 4% per annum
(see table above).
“This area is essentially a small
and quiet residential neighbour-
hood surrounded by established
and larger neighbours such as TTDI,
Damansara Utama, Damansara Jaya
and SS2, which have larger population
base as well as commercial offerings.
“Other than two rows of shops
along Jalan SS20/11 and Jalan SS20/10,
Damansara Kim lacks commercial es-
tablishments such as malls and offices.
There is zero space for further com-
mercial development,” explains Hong.
Soon of CBD Properties notes that
shops along SS20/10 face a slightly
higher turnover rate. He attributes
this to the mostly F&B businesses
operating there and the lack of park-
ing spaces.
“The F&B outlets do bring in the
lunch hour crowd from Damansara
Uptown, the hospital and Glomac
Damansara,” says Soon.
Stable demand
Hong says there will be a steady
stream of demand for housing in
Damansara Kim, owing to its strate-
gic location and affordability com-
pared to its more pricey neighbour-
EP 5
PRICE (RM) RM PSF (BY LAND SIZE)
2,859 2,335,000 1,415
2,859 2,400,000 1,455
2,859 2,280,000 1,382
2,859 1,950,000 1,182
ing suburbs like SS2, Damansara
Uptown and TTDI.
“Property prices in Damansara Kim
have caught on over the years thanks
to the TTDI MRT station and nearby
shopping malls like The Starling and
3 Damansara,” he notes.
Hong went on to say that they still
trail slightly behind the other suburbs
as Damansara Kim has no more room
for development, and it has just two
rows of shops that mostly serve the
immediate neighbourhood — unlike
Damansara Uptown, for instance, with
its popular commercial hub.
Nevertheless, the prices of both
commercial and residential proper-
ties in Damansara Kim have remained
stable despite the present lacklustre
property market, due to its strategic
location and good accessibility.
“Residential properties here will
continue to be popular amongst those
seeking to rent and will be good op-
tions for working executives and
students,” adds Hong, stressing that
Damansara Kim’s close proximity to
the TTDI MRT station is a contribut-
ing factor.
See from Metro Homes concurs,
noting that property prices will remain
stable here. He adds that some home-
buyers would like the large land area
size of terraced houses in Damansara
Kim (typically ranging from 1,500 sq
ft to 3,500 sq ft) compared with other
newer townships that have smaller
land sizes.
“Potential for further growth will
be limited but any price drop is un-
likely,” says See.
Meanwhile, Soon hopes that park-
ing around the shoplots could be im-
proved, adding that KPJ Damansara
will continue to press for a multi-sto-
rey car park to be built, despite oppo-
sition from nearby residents.
EP 6 FR I DAY SEP TEM B ER 1 3 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

F EATU R E
The 86-year-old
Battersea Power
Station was once an
uninviting place but
is being redeveloped
into a go-to place in
B Y TA N A I LE N G

T
London.

he Battersea Power Sta- office space, 653 units of high-rise

tion (BPS) construction residences, a four-screen cinema and
site in London is con- the six-acre Power Station Park.
stantly busy as ongoing Probably its most eye-catching
works are in full swing to feature would be the Chimney Lift, a
restore the facade of the glass-covered lift built inside one of
86-year-old edifice while adding new the chimneys that goes up to 109m
development elements that will turn above ground level, rendering a 360
it into one of London’s newest town -degree view of London.
centre. Another place-making feature of
Decommissioned between 1975 the BPS development will be the Ma-
and 1983, the power station building laysia Square.
has been shut down and locked since Fishburn says Malaysia Square
the 1980s. represents the link between the Unit-
The Malaysian consortium formed ed Kingdom and Malaysia and a
by Sime Darby Property Bhd, S P Setia symbol of their bilateral business
Bhd (each with a 40% stake) and the and cultural ties. It will also be used
Employees Provident Fund (20%) is as a platform to promote Malaysian
taking the lead to redevelop and re- culture in London.
generate the BPS area on the south
bank of the River Thames into a go-to Engaging the community
place in London. The redevelopment of the heritage
During a visit to BPS in June, Edge- power station did not go off on a pos-
BATTERSEA POWER STATION DEVELOPMENT COMPANY
Prop.my spoke to Battersea Power Sta- itive note in the beginning as there

To be a place people
tion Development Company Limited was resistance from the surrounding
(BPSDC) director of communities and communities.
sustainability Sarah Banham, BPSDC Banham however, saw this as an
director of place-making Honor Fish- opportunity to engage with the com-

NEVER TIRE OF
burn and BPSDC chief design review munity through workshops and dis-
officer Marina Chung, about their cussions to gather more ideas for the
community building and place-mak- project.
ing plans for the global icon. “Most of them thought we were
The connection between a place going to demolish the building. To let
and people is powerful in place-mak- them understand that we are actually
ing, says Banham. “Community in- restoring the building while creating
volvement and creating a sense of new value to it, numerous workshops
belonging are important as a devel- were held to explain the plan while
opment will not become a place until PICTURES BY TAN AI LENG | EdgeProp.my taking their feedback,” says Banham.
there’s human element in it,” she adds. place requires many cultural layers She adds that the team has en-
The team took a holistic approach that make it always fresh to everyone,” gaged with over 20,000 people, many
towards this end, covering environment Fishburn says. of whom are professionals from differ-
building, events and activities, com- BPS has also developed a Heritage ent industries who are residing near-
munity engagement and job creation. Trail app that works like a game, lead- by. “Their opinions are useful for the
ing visitors on a walk down memory lane redevelopment and they could be BPS’
Stories to tell while learning about the history of the future customers as well,” she offers.
Art and cultural elements are cru- power station in an interactive way.
cial in creating warmth while telling Giving training and jobs
stories of the place, offers Fishburn. Creating a meeting point Creating job opportunities for the
BPS had partnered Cass Sculp- Chief design review officer Chung local community was another prior-
ture Foundation in 2017 to organise a notes that events and activities can ity set by the BPS team, and the Bat-
competition for outdoor art sculpture attract people and form the layers tersea Academy of Skills Excellence
proposals. Malaysian artist Haffendi that introduce a place. (BASE) was formed to provide retail,
Anuar’s “Machine for Modern Liv- Take the popular Borough Market leisure, hospitality and estate man-
ing” and Briton Jes- in London for exam- agement training and education.
se Wine’s “Strong in Malaysia Square ple. The wide variety of BPSDC anticipates around 17,000
body, strong in mind” food and beverage as (From left): Banham, Chung and Fishburn. jobs to be made available over the
were chosen as joint is created to well as cultural activ- next decade at BPS.
winners. One of their represent the ities held at one of the “We are committed to filling at
works is now an art
installation at BPS
link between the largest and oldest mar-
kets in London, be-
least 20% of the long-term vacancies
with local residents. The BASE pro-
and a popular Insta- United Kingdom lieved to have existed gramme aims to train the right peo-
gram spot for visitors. and Malaysia and since the 12th century, ple for the future job openings,” says
Meanwhile, some has made the historic Banham.
of the waste materi- a symbol of their place fun and vibrant As at June this year, there were 310
als from the ongoing bilateral business with many things to be advertised vacancies at Circus West
construction were discovered, thus luring and close to half of the vacancies were
used to form art piec- and cultural ties. repeated visits. filled by BASE participants.
es and interior fittings Similarly with BPS, Chung stresses that the BPS
for the retail spaces. For instance, it will not only be a global landmark regeneration project is about being
the old parquet flooring from BPS is but also a social hotspot for fun, re- inclusive, thus all the efforts put in
now part of the bar-top island of The laxation, work and living, says Chung. are to build a new town centre that
CoffeeWorks Project, a tenant of one Redevelopment of BPS began could attract talents and opportuni-
of the shops at Circus West. The lat- in 2014 and is expected to cover at ties to this part of London.
ter is the 42-acre BPS development’s least seven phases with an estimated Fishburn, who stays about a
first phase which was completed in GDV of £9 billion (RM46.44 billion). 10-minute walk to BPS, is glad to see
2017. It is currently home to 1,000 Plans are for its refurbished iconic it evolve at a fast pace.
residents and about 20 retail tenants four chimneys to be unveiled to the “It [Battersea] was seen as an un-
(95% leased). public in 2021. safe place as hardly anyone comes
“If BPS is merely a redevelopment The redeveloped power station over to the south bank. I am hap-
of a heritage building, it will only at- building will comprise a retail mall py to see this place improve day by
tract people to come once or twice. of 420,000 sq ft net lettable space, a day and can’t wait for the power sta-
But if it’s a place, people will revisit 35,000 sq ft food hall, a 1,500 pax-ca- tion to welcome visitors again,” she
again and again. To turn BPS into a pacity event spaces, 540,000 sq ft of Haffendi’s outdoor sculptures. enthuses.
FR IDAY S E P T E MB E R 1 3 , 20 1 9 • T HEED G E FINA NCIA L DA ILY EP 7

HO ME IDE A S

Selecting kitchen
countertops
BY R AC H EL CHEW
Marble

T
which is suitable for everyday
use in the wet or dry kitchen,”
he kitchen coun- Lam explains. Often used in the kitchen and dining areas, Lam notes that marble has
tertop can easily be Meanwhile, quartz stone is timeless appeal especially when it comes to its appearance.
one of the most ex- one of the most popular choices “The use of marble for kitchen countertops never goes out of style.
pensive items in the for kitchen countertops currently It is still the first choice of many homes, hotels and offices because it
entire kitchen re- due to its competitive price, var- never looks old but makes a place look elegant and grand,” he notes.
modelling process. ious choices of pattern and its
Nevertheless, many of us select similar features to natural stone.
a countertop material solely “Quartz stone was invented to Pros Timeless appearance, strong material, minimal care
based on the price or the pat- solve the problems that granite Cons Low supply, so more expensive
tern design. In fact, there are and marble stone have — the in- Cost Roughly RM4,000 for a 15-ft kitchen countertop
more factors to consider when flexibility and low supply — while
making a selection. retaining the benefits of natural Maintenance Apply wax twice a year to keep the surface shiny
Solid Top Sdn Bhd director stone.
Lam Chin Jhoo tells EdgeProp.my
PICTURES BY LOW YEN YEING | EdgeProp.my

that homeowners often neglect

the most important part of select-
ing a kitchen countertop, because Granite
the wrong material could harm
the health of the family. Like marble, granite is a natural stone that has strong scratch-resistance.
“You prepare foods — raw However, it is easier to quarry, therefore it is more easily available than
or cooked, for your family on marble, and is thus slightly cheaper.
the countertop every day. There- Unlike marble, granite typically offers a variety of distinct patterns
fore, selecting a durable material as well as more choices of colours and patterns.
which is scratch- and chip-resist-
ant is important to avoid bacteria Lam: Selecting a durable
Pros Long lasting appearance, strong material, minimal care
and germs from accumulating material is important to avoid
in the cracks, and spreading to bacteria and germs from Cons Pattern may fade and lose its shine without waxing
the foods prepared on the sur- accumulating in the cracks. Cost Roughly RM3,400 for a 15ft kitchen countertop
face, and subsequently, to your Maintenance Apply wax twice a year to keep the surface shiny
family,” says Lam. “Quartz stone is a manufac-
The four most common kitch- tured stone made from a mix
en countertop materials used of approximately 95% ground
in Malaysia are granite, marble, natural quartz with 5% polymer
quartz and solid surface, accord- resin, resulting in the endless Quartz
ing to Lam. variations in patterns, sizes and
Marble and granite are both colours that are suitable for all Quartz has gained traction over the past decade after it was introduced
natural stone resources, whereby sizes of kitchens,” he says. in Malaysia as an alternative to marble, granite and solid surfaces.
each slab is unique with random On the other hand, solid sur- Lam says the material is suitable in both wet and dry kitchens as
and inconsistent patterns. How- face material is the cheapest of it is highly durable, flexible in colour and shape as well as cheaper in
ever, marble is generally stronger the four as it is made from either comparison to natural stones.
than granite in terms of scratch acrylic or polyester-based mate- Lam says that one way to check quartz stone for authenticity is to
resistance. rials. Its scratch-resistance level test its scratch-resistance level with a blade. “There is a cheaper quartz
“Let’s say, if diamond, as the is low compared with granite, outside which is made from mixed stone. It has a similar appearance
strongest stone in the world, has marble and quartz. and weight but a much lower scratch-resistance level. The best way to
a scratch-resistance level at 10, “It can be used in the dry check it is to try to cut it with blade to test the scratch-resistance level.”
the granite will be at around four kitchen or pantry. However, it
and marble is at six. Neverthe- is not suitable for wet kitchens as Pros Long lasting appearance, strong material, minimal
less, both of them are made from it not only has low scratch-resist- care, highly flexible in colour, shape and pattern
natural stone, so they are fair- ance levels, it is also a flammable
ly scratch- and chip-resistant, material,” says Lam. Cons The pattern may be outdated after some time
Cost Roughly RM3,000 for a 15ft kitchen countertop
Maintenance No special maintenance needed
Comparison of four popular
kitchen countertop materials
in Malaysia Quartz Granite Marble Solid surface (acrylic/ Solid surface
plastic material)
Scratch-resistance Excellent Excellent Good Fair
According to Lam, solid surfaces
were created to replace marble and
Stain-resistance Excellent Good Excellent Excellent granite for its shape flexibility and
Chip- and crack-resistance Excellent Good Good Good choice of patterns. However, it is
Heat- and burn-resistance Good Good Good Fair
not as scratch- and chip-resistant as marble and granite.
“It is made from either acrylic or polyester-based materials, there-
Resistance to household chemicals, Excellent Good Good Excellent fore it is not really suitable to be used in the wet kitchen although some
acid and solvents people still opt for this because it is cheaper. It also has a shorter life
Low maintenance Excellent Good Good Fair span of about three years,” says Lam.
Non-absorbent and non-porous Excellent Good Good Excellent
Pros Highly flexible in colour, shape and pattern; low price
Mould- and mildew-resistance Excellent Good Good Good
Flexural strength Excellent Fair Good Good Cons Short life span and flammable
Colour consistency Excellent Fair Excellent Excellent Cost Roughly RM2,700 for a 15-ft countertop
Immunity to freeze and thaw Excellent Excellent Fair Fair Maintenance Keep the top dry and clean after use
SOURCE BY SOLID TOP.
EP 8 FR I DAY SEP TEM B ER 1 3 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

3XEOLVKHGE\7KH(GJH3URSHUW\6GQ%KG3/HYHO0HQDUD./.1R-DODQ3-80XWLDUD'DPDQVDUD3HWDOLQJ-D\D6HODQJRU0DOD\VLD

3ULQWHGE\8OWLPDWH3ULQW6GQ%KG+/RW-DODQ6HSDQD2II3HUVLDUDQ6HODQJRU6HNV\HQ6KDK$ODP6HODQJRU0DOD\VLD
 FR I DAY SEP TEM B ER 1 3 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

S POTLIGH T F R I DAY AU G U S T 3 0 , 2 0 1 9
Click/tap on
each listing
Commercial Residential to visit the
Properties for sale and rent listing’s page

RM900,000 RM555,000 RM1,100,000 RM850,000

Taman Setiawangsa, Kuala Lumpur Puncak 7 Condominium Seksyen 7 U5, Shah Alam, Selangor Perdana Business Centre,
Type: Terraced house Tenure: Freehold Shah Alam, Selangor Type: Factory Tenure: Leasehold Damansara Perdana, Selangor
Built-up: 2,000 sq ft Land size: 1,400 sq ft Type: Condominium Tenure: Leasehold Built-up: 4,213 sq ft Land size: 3,013 sq ft Type: Office Tenure: Leasehold
Bedroom: 4 Bathroom: 3 Built-up: 1,166 sq ft Bedroom: 3 Bathroom: 3 Bathroom: 2 Built-up: 1,976 sq ft Bathroom: 2

Aiman (REN 20482) Aiman (REN 20482) Elvie Ho (REN 22102) Elvie Ho (REN 22102)
FML ZI VALUERS & PROPERTY CONSULTANTS SDN BHD FML ZI VALUERS & PROPERTY CONSULTANTS SDN BHD REAPFIELD PROPERTIES (KL) SDN BHD (E (1) 0451/1) REAPFIELD PROPERTIES (KL) SDN BHD (E (1) 0451/1)
(VE (1) 0294) +6014 669 6250 (VE (1) 0294) +6014 669 6250 +6012 303 3788 +6012 303 3788

RM2,200,000 RM1,500,000 RM5,000,000 RM5,500,000

The Troika, KLCC, Kuala Lumpur
Type: Condominium Tenure: Freehold
Built-up: 1,348 sq ft Bedroom: 1 Bathroom: 2
2Twelve, Jalan Ampang,
Ampang Hilir, Kuala Lumpur
Type: Condominium Tenure: Freehold
Built-up: 1,572 sq ft Bedroom: 3 Bathroom: 3
The Binjai on the Park, KLCC,
Kuala Lumpur
Type: Condominium Tenure: Freehold
Built-up: 2,250 sq ft Bedroom: 3
Bathroom: 5
Bukit Jalil Golf and Country Resort
Bungalow, Bukit Jalil, Kuala Lumpur
Type: Bungalow Tenure: Freehold
Built-up: 9,000 sq ft Land size: 8,322 sq ft
Bedroom: 7 Bathroom: 7

Ian Tang (REN 22803) Ian Tang (REN 22803) Ian Tang (REN 22803) Igen Mak (REN 24862)
REAPFIELD PROPERTIES (HQ) SDN BHD (E (1) 0452) REAPFIELD PROPERTIES (HQ) SDN BHD (E (1) 0452) REAPFIELD PROPERTIES (HQ) SDN BHD (E (1) 0452) TECH REAL ESTATE SDN BHD (E (1) 1537)
+6018 278 3154 +6018 278 3154 +6018 278 3154 +6016 350 3071

RM570,000 RM55,000,000 RM668,888 RM668,888

Desa Pandan, Kuala Lumpur
Type: Condominium Tenure: Leasehold
Built-up: 1,485 sq ft Bedroom: 3 Bathroom: 2
Plaza 63, Taman Sungai Besi, D’Pristine Medini, Nusajaya, Johor Riverdale @ USJ One Park, USJ,
Kuala Lumpur Type: Condominium Tenure: Leasehold Selangor
Type: Commercial complex Built-up: 773 sq ft Bedroom: 2 Bathroom: 2 Type: Condominium Tenure: Leasehold
Tenure: Leasehold Built-up: 172,544 sq ft Built-up: 1,242 sq ft Bedroom: 3 Bathroom: 2
Land size: 172,544 sq ft

Jimmy Ng (REN 02015) Jimmy Ng (REN 02015) John Oh (REN 07002) John Oh (REN 07002)
REAPFIELD PROPERTIES (KL) SDN BHD (E (1) 0452/1) REAPFIELD PROPERTIES (KL) SDN BHD (E (1) 0452/1) IQI REALTY SDN BHD (E (1) 1584) IQI REALTY SDN BHD (E (1) 1584)
+6016 257 0886 +6016 257 0886 +6012 298 6266 +6012 298 6266

RM660,000 RM450,000 RM155,000 RM590,880

SS 15, Subang Jaya, Selangor
Type: Link bungalow Tenure: Freehold
Built-up: 1,500 sq ft Bedroom: 4
Bathroom: 2
Desa Idaman Apartment, Puchong, Seri Jati Apartment, Puchong, Sekata Villa, Sungai Merab,
Selangor Selangor Dengkil, Selangor
Type: Flat Tenure: Freehold Type: Flat Tenure: Freehold Type: Terraced house Tenure: Freehold
Built-up: 955 sq ft Bedroom: 3 Bathroom: 2 Built-up: 667 sq ft Bedroom: 2 Bathroom: 3 Built-up: 1,870 sq ft Land size: 1,400 sq ft
Bedroom: 4 Bathroom: 3

John Oh (REN 07002) Kelvin Tan Khai Yik (REN 31324) Kelvin Tan Khai Yik (REN 31324) Kenny Lew (REN 25411)
IQI REALTY SDN BHD (E (1) 1584) ASPIRE PROPERTIES (E (3) 1632) ASPIRE PROPERTIES (E (3) 1632) FULL HOMES REALTY SDN BHD (E (1) 1501/8)
+6012 298 6266 +6016 403 2222 +6016 403 2222 +6012 247 4805
FRIDAY SE P T E MB E R 1 3 , 20 1 9 • T HEED G E FINA NCIA L DA ILY

SP OTL IGHT
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250,000 listings at www.EdgeProp.my

Commercial Residential

Properties for sale and rent Pro Agents, get your listings featured here! Email support@edgeprop.my or call 03-7733 9000

RM95,000 RM1,700,000 RM365,000 RM180,000

Taman Kajang Utama, Kajang, Fairfield Tropicana Heights,
Selangor Kajang, Selangor
Type: Flat Tenure: Freehold Type: Terraced house Tenure: Freehold
Built-up: 600 sq ft Bedroom: 2 Bathroom: 1 Built-up: 3,344 sq ft Land size: 1,950 sq ft
Bedroom: 6 Bathroom: 6
Mahkota Hills, Beranang, Selangor Apt Teratai, Taman Sutera, Kajang,
Type: Bungalow Tenure: Freehold Selangor
Built-up: 1,688 sq ft Land size: 4,004 sq ft Type: Flat Tenure: Freehold
Bedroom: 3 Bathroom: 2 Built-up: 791 sq ft Bedroom: 3 Bathroom: 2

Lim Yuan Ling (REN 25667) Mohamad Nazeri Aziz (REN 22743) Mohd Faiz (REN 04003) Mohd Faiz (REN 04003)
TECH REALTORS PROPERTIES SDN BHD (E (1) 1492) REAPFIELD PROPERTIES (KL) SDN BHD (E (1) 0452/1) TRUE VEST PROPERTY CONSULTANTS SDN BHD TRUE VEST PROPERTY CONSULTANTS SDN BHD
+6012 372 9330 +6016 287 0975 (VE (1) 0249) +6013 308 3063 (VE (1) 0249) +6013 308 3063

RENTED FOR Done

RM33,000 deal
(Average RM2.75 psf)
Kenny Vale bungalow, Bukit Tunku,
Kuala Lumpur
Concluded by: Shawn Fernandez (REA 2445)
of Fernstate Sdn Bhd (+6012 288 1251) When: August 2019
RM238,000 RM1,306,500
Leisure Commerce Square, Bukit Cerakah, Shah Alam,
Bandar Sunway, Selangor Noteworthy Selangor
Type: Office Tenure: Leasehold Type: Land Tenure: Leasehold
Built-up: 850 sq ft Room: 3 Bathroom: 1 • Freehold Land size: 21,775 sq ft
• Land area:
12,000 sq ft
Segar Xavier Kuppusamy (REN 04972) Segar Xavier Kuppusamy (REN 04972)
• Built-up: 10,000
SQUARE FEET REAL ESTATE (E (3) 1547) SQUARE FEET REAL ESTATE (E (3) 1547)
sq ft
+6014 338 3381 +6014 338 3381
• Semi-furnished
• Seven bedrooms
and eight
bathrooms
• 3-storey
bungalow with
own private pool
Developed by Tan & Tan He noted that the tenant
• Gated-and- Development Bhd, Kenny Vale also likes the seven bedrooms
guarded
is an exclusive project offering that come with the bungalow
community
only nine units of bungalows as this will provide sufficient
• Around 4.5km on freehold plots ranging rooms for guests.
to Kuala
between 11,716 sq ft and 27,942 “Another reason is the
Lumpur city
RM700,000 centre, 6.5km
sq ft in size. house is equipped with alarm
RM400,000
to Damansara The 4.5-acre development system and CCTV camera,
Rivercity Condo, Jalan Ipoh, Heights and is located in Bukit Tunku, as well as being located Prisma Cheras Condo, Cheras,
Kuala Lumpur 15km to PJ Old Kuala Lumpur, where within a gated-and-guarded Kuala Lumpur
Type: Condominium Tenure: Freehold the tranquil environment community, thus safety Type: Condominium Tenure: Freehold
Town
Built-up: 1,504 sq ft Bedroom: 3 Bathroom: 2 Built-up: 1,072 sq ft Bedroom: 2 Bathroom: 2
and affluent address have concerns are taken care of,”
supported the price growth of he said.
Terence Tih (REN 01644) properties here. For the owner, he has Terence Tih (REN 01644)
TECH REAL ESTATE SDN BHD (E (1) 1537) According to Shawn found a premium tenant as TECH REAL ESTATE SDN BHD (E (1) 1537)
+6017 668 2669 Fernandez from Fernstate the house is rented for an +6017 668 2669
Sdn Bhd, who concluded expat and his family. The expat
the rental deal, Kenny Vale is a director of a Japanese
is a gated-and-guarded multinational company.
community, surrounded by Due to its exclusivity, there
greenery. Every unit comes were hardly any transactions
with its own swimming pool at Kenny Vale in recent years.
and a lift. According to EdgeProp.my
The two-year tenancy for data, two bungalows were
this 3-storey bungalow is for a sold in 2014 at an average
monthly rental of RM33,000 price of RM8.6 million or
to a corporate tenant. RM440 psf based on land size.
“This semi-furnished unit Currently, there are two
RM340,000 comes with a large fully-fitted
kitchen, built-in wardrobes,
sale listings available at
EdgeProp.my, with an average
RM970,000
Arc @ Austin Hills, Taman Daya, new curtains and a lovely asking price (for a bungalow Reflection Residence, Mutiara
Johor Bahru, Johor courtyard garden. The tenant with land area of 12,000 sq ft) Damansara, Selangor
Type: Condominium Tenure: Freehold liked the spacious and well- of RM15 million or RM1,250 psf. Type: Condominium Tenure: Freehold
Built-up: 850 sq ft Bedroom: 3 Bathroom: 2 maintained house, plus the Rental listings have an Built-up: 1,092 sq ft Bedroom: 3
Bathroom: 2
strategic location which is average monthly asking
Usha Sha (REN 17124) close to various amenities, rental of around RM30,000 or Yat Min (REN 31294)
GATHER PROPERTIES SDN BHD (E (1) 1536/3) such as a school,” he said. RM2.50 psf. WTW REAL ESTATE SDN BHD (E (1) 0507/6)
+6016 720 0135 +6018 661 3088