Edge 13 June

FBM KLCI 1686.
44
4.94
KLCI FUTURES 1682.00
4.50
STI 2873.33
21.15
RM/USD 4.0675
CPO RM2639.00
30.00
OIL US$47.19
0.82
GOLD US$1324.60
6.10
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.60 (INCLUSIVE OF 6% GST)
TUESDAY SEPTEMBER 13, 2016 ISSUE 2247/2016
FINANCIAL
DAILY
MAKE
BETTER
DECISIONS
www.theedgemarkets.com
China, Asean and robotics

1617 FOCUS
4 HOME BUSINESS
Lending by
developers to have
minimal impact on
property market
5 HOME BUSINESS
Banking sectors
loan growth seen at
5% to 6% in 2017
6 HOME BUSINESS
Poh Huat upbeat

about positive US
housing data
PNB FACES
E
R
O
POTENTIAL
M N
THA
DELAY
m
o
c
.
y
t
y
t
r
e
p
o
a pr rtal
po
r
amid
KL118
setback
e
p
o
r
P
sources
e
g
d
E
e
Th
13 H O M E
Aidiladha
celebrated with
thanksgiving
prayers nationwide
LY
. ANA
A
T
A
GS . D
N
I
T
S
15
1
5 COMMENT
I
ES . L
H
C
N
U
Opec to Trump
EW LA
N
.
S
NEW
adviser: No chance
19 W O R L D B U S I N E S S
Fiscal, rule
reforms
needed to
boost US
growth
TICS
Attributed to p
possible
ossible
p
roblems with
problems
ffoundation
oundation works.
Khairie Hisyam
Aliman has the story
on Page 3.
Pickup in economic activities seen in 2H16

despite moderating IPI, weak exports
3 HOME BUSINESS
FBM KLCI 1686.44
4.94
KLCI FUTURES 1682.00
4.50
STI 2873.33
21.15
RM/USD 4.0675
CPO RM2639.00
30.00
OIL US$47.19
0.82
GOLD US$1324.60
6.10
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.60 (INCLUSIVE OF 6% GST)
TUESDAY SEPTEMBER 13, 2016 ISSUE 2247/2016
FINANCIAL
DAILY
MAKE
BETTER
DECISIONS

1617 FOCUS
4 HOME BUSINESS
Lending by
developers to have
minimal impact on
property market
5 HOME BUSINESS
Banking sectors
loan growth seen at
5% to 6% in 2017
6 HOME BUSINESS
Poh Huat upbeat

about positive US
housing data
13 H O M E
Aidiladha
celebrated with
thanksgiving
prayers nationwide
15 C O M M E N T
Opec to Trump
adviser: No chance
19 W O R L D B U S I N E S S
Fiscal, rule
reforms
needed to
boost US
growth
PNB FACES
POTENTIAL
DELAY
amid KL118 setback

sources
Attributed to possible
problems with
foundation works.
Khairie Hisyam
Aliman has the story
on Page 3.

despite moderating IPI, weak exports
3 HOME BUSINESS
T U ESDAY SEP TEM B ER 1 3 , 2 0 16 TH EEDGE FI N AN C I AL DAI LY
For breaking news updates go to

ON EDGE T V
Is peak oil dead?

Opec now sees non-cartel output rising in 2017
Brace for
turbulence
The Edge Communications Sdn Bhd

(266980-X)
Level 3, Menara KLK, No 1 Jalan PJU 7/6,

Mutiara Damansara, 47810 Petaling Jaya,
Selangor, Malaysia
Publisher and Group CEO Ho Kay Tat
BY TR ACY ALLOWAY
NEW YORK: Is the term peak oil

gone and forgotten?
Google Inc searches for the idea
that once helped propel oil prices
to nearly US$150 (RM616.50) per
barrel have dwindled to almost
nothing, according to a Sanford C
Bernstein analysis.
The theory that oil prices would
have to rise as supply inevitably
declines gained hold on popular
imaginations in the mid- to late2000s, but has since languished in
Internet obscurity, as new discoveries and technology, including the
shale revolution that helped push
US oil production to a 40-year high,
have ensured plentiful amounts of
crude in recent years.
Underscoring the trend is the
fact that Google searches for too
much oil recently outstripped

searches for peak oil. Prices per
barrel are currently languishing
around US$45.
As interest in shale-led supply
peaks, then naturally interest in the
old concern of peak oil has all but
disappeared after the surge in focus on this during the mid-2000s,
Oswald Clint and Mark Tabrett,
Bernstein analysts, wrote in a note
lamenting the short-termism of
the oil market and its tendency to
seize on a particular narrative to
predict future price moves.
See related story on Page 21
While Google searches might
not capture the entirety of oil investors including professional
traders who presumably have access to data not available to curious
web browsers they are a useful indicator of the ideas currently

capturing the markets collective
hearts and minds, Bernstein argues. Since early 2015, for instance,
searches for oil inventories have
dominated and surpassed searches
for oil demand and oil supply,
as investors attempt to gauge the
size of the supply glut particularly in the US.
Meanwhile, AFP reports from
Paris yesterday that Opec said oil
production by countries outside the
exporters cartel is now expected to
rise in 2017, revising its previous
expectation of a drop.
In its monthly report, the Opec
said Kazakhstan, Norway and Britain are now all expected to produce
more next year than forecast earlier.
Global oil demand is projected to
continue growing. Bloomberg/AFP
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BUSINESS DEVELOPMENT
Senior Manager Elizabeth Lay
At least 40 suspected
Zika cases, says Subra
KUALA LUMPUR: The Health
Ministry has identified at least
40 new suspected cases of
Zika but these have yet to be
confirmed by the Institute for
Medical Research (IMR), said
Health Minister Datuk Seri Dr
S Subramaniam. Up to now,
the number of confirmed cases remained at four, he told reporters after launching the MIC
Gallery in conjunction with the
partys 70th anniversary, at the
party headquarters here. The
first confirmed case was from
Klang, Selangor and the second
was a man in Sabah. The third
case was a pregnant woman
in Johor Baru and the fourth,
her husband. Subramaniam
said the ministry was awaiting
a complete report from the IMR
to determine if the 40 or so suspects were infected. Bernama
Heathrow sets record as

runway ruling nears
LONDON: Londons Heathrow
Airport, which is battling Gatwick for government approval
for an extra runway, said it handled a record 7.34 million passengers in August, with more
flying to the Middle East and
Latin America. Heathrow operates at about 98% capacity and
struggles to add new flights. The
British government is expected
to rule in the coming weeks on
whether to build a third runway
at Heathrow or its rival Gatwick after a drawn-out process.
Europes busiest airport said
numbers grew by 0.1% on the
previous year, showing there
was no dip in traffic following
Britains June vote to leave the
EU. Reuters
Spore, Switzerland to
enhance ntech alliance
EDITORIAL ADMINISTRATION
Chief Operating Ocer

Lim Shiew Yuin
IN BRIEF
HONG KONG REMAINS ATTRACTIVE ... Mainland equity investors looking for cheaper alternatives to
home-grown stocks can still look to Hong Kong, even after a world-beating rally. While the valuation gap between shares listed both
in the city and Shanghai has narrowed to the least since December 2014, mainland stocks are still 19% more expensive. With the
Shanghai Composite Index treading water, gains by the Hang Seng China Enterprises Index are proving hard to resist: net buying by
traders across the border has swelled in recent days.
Samsungs handset fires singe its brand

BY ROBYN M AK
HONG KONG: Samsungs exploding smartphones are singeing its

brand. The tech giant is speeding
up a massive recall of the Galaxy
Note7, after reports of fires, while
major airlines have banned in-air
use. Samsungs shares are down
sharply. The immediate financial
hit looks manageable, but the reputational damage could be worse.
Ten days ago, the chips-tosmartphone maker said it would
stop sales of the phones in 10 markets and replace existing handsets
due to faulty batteries. Samsung
will take back 2.5 million devices
from customers and retailers in its
largest-ever recall. But investors
were initially sanguine: Samsung
looked to be moving fast enough

to contain the damage.
Now, there is trouble up in the
air. US aviation authorities have
advised people not to use or charge
Notes on board or stow them in
checked luggage. And airlines are
banning passengers from turning
on devices in-flight.
By midday in Seoul yesterday, investors knocked some 7% off shares
of Samsung Electronics. Since the
start of the fiasco, Samsung has
lost nearly US$20 billion (RM82.2
billion) in market value. That looks
like an overreaction, at least based
on the direct costs. Bernstein analysts reckon lost Note7 sales and
recall expenses will knock just 4%
off Samsungs 2016 operating profit.
So, investors must be bracing
for serious spillover into sales of

Samsungs other devices, and perhaps other trouble, like lawsuits.
Credit Suisse analysts estimate lifetime sales of the Note7 could total
nearly 19 million units. In contrast,
analysts expect Samsung will ship
about 310 to 320 million smartphones this year. Last year, mobile
generated more than 10 trillion won
(RM37 billion) in operating profit,
or 38% of the companys total.
There may not be a big windfall
for arch-rival Apple; lost sales may
instead go to other Android smartphone makers, like Huawei. But
this is embarrassing for Samsung,
coming hot on the heels of an acclaimed turnaround in mobile. It
needs to put this fire out as soon
as possible. Reuters
SINGAPORE: The Monetary

Authority of Singapore (MAS)
and the Swiss Financial Market
Supervisory Authority (Finma)
have signed an agreement to
foster greater cooperation on
fintech, according to The Business Times. The agreement between MAS and Finma provides
a framework for innovative fintech companies in Singapore
and Switzerland to expedite initial discussions on introducing
new fintech solutions in each
others market and understand
regulatory requirements, MAS
said in a release yesterday.
Taiwan approves Asian

Silicon Valley plan
TAIPEI: The Executive Yuan last
Thursday approved a promotion
plan for the Internet of Things
(IoT)-focused Asian Silicon Valley to transform Taiwans Taoyuan City into an international hub
of tech innovation. National
Development Council Deputy
Minister Kung Ming-hsin said
the plan will commence this
year and run until 2023, with
the Ministry of Economic Affairs
and Ministry of Science and
Technology allocating a budget
of NT$11.3 billion (RM1.5 billion) for the programme in 2017.
Taiwan Today
HOME BUSINESS 3
TUES DAY S E PT E MB E R 1 3 , 20 16 T HEED G E FINA NCIA L DA ILY
PNB faces potential delay

amid KL118 setback
Attributed to possible problems with foundation works sources
BY KH AI R I E H I SYA M A L I MA N
KUALA LUMPUR: Permodalan Nasional Bhd (PNB) is facing a setback in the ongoing construction of
what would be the tallest building
in Southeast Asia, which raises the
spectre of possible delay in completion, sources say.
Three sources familiar with the
issue separately told The Edge Financial Daily that there were problems with the foundation works,
which required rectification works.
It is not clear what the problem
specifically was or how long the
remedial process took.
The last I heard, a couple of
months back, the issue had not
been resolved, said one corporate
source on condition of anonymity,
adding that issues with piling and
foundation works are not unusual
in the construction sector.
The setback raises questions on
whether the tower, which will have
118 stories and will stand 644m
when finished, can meet its targeted
completion deadline. Reports said
the project is expected to generate
over RM6 billion in gross development value over the course of its
construction.
Samsung C&T Corporation UEM
Construction JV Sdn Bhd, the main
contractor for the project, declined
to comment and referred queries
to PNB Merdeka Ventures, the PNB
vehicle through which it owns the

entire project.
Calls and texts to PNB chairman
Tan Sri Abdul Wahid Omar were
unanswered. PNB did not specifically address queries from The Edge
Financial Daily on the hiccup, but
sent a media statement through PNB
Merdeka Ventures to a number of
Malaysian media outlets afterwards.
In the statement issued last Friday evening, PNB Merdeka Ventures said the project is progressing
within budget, on schedule and on
track for completion by 2020.
To date, the piling and foundation works for the tower and the
perimeter diaphragm wall for the
main car park have been completed, said the PNB unit. Currently,
the diaphragm wall work for the
car park beneath the linear park
is in progress, while the excavation
works and the bore piling works at
the car park area have been completed at the stages of 25% and 60%
respectively.
The preparation works for the
raft foundation of the iconic tower
are proceeding with 30% of the raft
reinforcing steel placed to date, the
statement said further. The next
major milestone for the project will
be the placement of the concrete
for the main tower raft foundation
in October 2016.
According to the statement, the
concrete placement will be one of
the largest raft concrete pours in

the world, consisting over 18,000
cu m of concrete placed continuously over approximately a 48hour period.
While the statement seemed
reassuring, it raises questions. The
foundation works contract was
awarded to Pintaras Jaya Bhd in
March 2014, according to a Bursa
Malaysia filing. The job was worth
RM74 million and the targeted
completion was about a year, it
said at the time.
Notably, the tower project is still
listed under ongoing projects on
Pintaras Jayas website about two
and a half years later. It described
the contract as foundation works
encompassing diaphragm wall,
piling and excavation works for
the 118-storey tower.
Notably too Pintaras Jaya had
seen both revenue and profit fall for
the past five consecutive quarters
up to the fourth quarter ended June
30, 2016 (4Q16). While it attributed the drop to slower business for
both its construction and manufacturing segments, what catches
the eye in its Bursa filings is reference to unexpected additional
costs on a particular completed
project for its review of 3Q16 and
4Q16 earnings.
It is unclear whether this project
is the KL118 tower job. Pintaras
Jaya did not specify in its Bursa
filings how much the additional

costs were.
When contacted, Pintaras Jaya
declined to comment.
In any case, the rectification
works, if true, will be added cost
to the project. The question will be
who will bear the additional costs,
which sources say will likely depend on where the flaw came from.
Someone will have to pay for it,
said a source, whether PNB, the
contractor or someone else.
To be fair, in the larger picture
the added costs from this setback
may be a relatively small sum compared to the overall project cost.
Last November, PNB president
and group chief executive Tan Sri
Hamad Kama Piah Che Othman
was quoted as saying that the main
contract was worth about RM3.4
billion in total.
That contract was awarded to
Samsung C&T Corporation UEM
Construction JV Sdn Bhd, a 60:40
joint venture vehicle of South Koreas Samsung C&T Corp and UEM
Group Bhd.
A statement on Samsung C&Ts
website last October said its share
of the contract is worth US$505
million (RM2.06 billion at current
exchange rate). Reports said the
consortium edged out five other contenders for the job, all consortiums comprising local players
partnering a foreign entity.
Last November, Hamad Kama Piah was

quoted as saying that the main contract
was worth about RM3.4 billion in total.
The Edge le photo
Samsung C&T boasts a track record of building notable skyscrapers, a list that includes Burj Khalifa,
the worlds tallest building at 828m,
and Malaysias own Petronas Twin
Towers that stands 452m.
Nestled in a 7.6ha site next to
Stadium Merdeka and Stadium
Negara, the tower will also be the
third tallest building in the world
upon completion. However, a number of mega-tall skyscrapers are
either being proposed or have begun construction across Asia and
the Middle East, at least three of
which would be taller than the Burj
Khalifa if completed.
The KL118 tower is designed by
Australian architecture firm Fender Katsalidis Architects, noted for
its masculine and sculptural style.
Turner International LLC is the
consultant.
Apart from 118 floors, the Samsung C&T statement also said the
tower will have five underground
levels. Its total floor area will be
670,000 sq m, and reports said it
will also be connected to a mass
rapid transit station.

We remain
comfortable with our
view that 2H15 GDP
growth should remain
stable from 1H16 at
4.1% year-on-year
Nomura Research.
Malaysias Industrial Production Index

8
(Y-o-y %)
7
6
6.1
5.2
5.1
4.2
4.1
3.9
4
3.3
2.7
2.8
2.8
2.3
1.9
2015
July 31
May 31
March 31
Jan 31
1
Nov 30
output. This alongside narrower agriculture contraction as crude palm

oil production recovers in 2H amid
receding El Nino effects should help
to support economic growth for the
rest of this year.
Based on [Julys IPI data], our
preliminary estimate of third quarter (3Q) real GDP growth is 4.1% to
4.3%, marking a slight improvement
from 4% in 2Q16, she said via an
email to The Edge Financial Daily.
In a note last Friday, Nomura
Research opined that the overall
IPI data remains decent despite
some slowdown in July, which
could be attributed to the fewer
working days in the month (due
Sept 30
KUALA LUMPUR: The recent slew

of economic data released by the
Department of Statistics Malaysia
has not been very positive as they
indicate signs of weaknesses in the
economy. Nevertheless, recent data
releases show July exports growth
contracting to 5.3% year-on-year
(y-o-y) compared with Junes expansion of 3.4%, while the Nikkei
Malaysia Manufacturing Purchasing Managers Index fell to 47.4 in
August from 48.1 a month before.
Last Friday, the Industrial Production Index (IPI) which represents
industrial activities in the country,
grew 4.1% y-o-y in July, supported
by positive growth in manufacturing
(3.3%), mining (6.1%) and electricity (7.1%). However, this was slower
than Junes IPI growth of 5.3%, and
much lower than the 6.1% growth
recorded in July last year.
For the January to July period,
IPI grew by 3.6%, which is lower
than the 5.5% growth recorded in
the same period last year.
However, economists dismiss
the notion that this would mean
a slower gross domestic product
(GDP) growth for Malaysia in the

second half of 2016 (2H16).
HLIB Research economist Sia
Ket Ee opined that GDP growth for
Malaysia had already hit bottom in
the 2H16 at 4%, and does not see
further deterioration.
The governments measures to
increase disposable income such
as the increase in minimum wages
and the reduction in the Employees
Provident Fund contribution, as
well as the kick-off of various infrastructure projects that were announced earlier will help to sustain
the economy.
Hence, we are looking at an estimated GDP growth of 4.3% in 2H16,
he told The Edge Financial Daily.
UOB Malaysia economist Julia
Goh said that the moderation in IPI
compared with previous months
was largely expected given weaker
export demand.
Slowdown came across key
manufacturing segments in particular electrical and electronics,
which grew by 4.1% compared with
9.1% growth in June.
However, we saw resilience in
mining production of 6.1% in July
thanks to strong growth of crude oil
July 31
BY S UPR I YA SU REND RA N
2016
to the Hari Raya festivities).

We remain comfortable with
our view that 2H15 GDP growth
should remain stable from 1H16 at
4.1% year-on-year, partly because
the government will likely cut its
spending to rein in the fiscal deficit.
We expect another 25 basis
points rate cut in November, which
is when we expect faltering growth
momentum from tighter fiscal policy to become more visible, the

firm said.
Bank Negara Malaysia kept the
overnight policy rate at 3% at the
Monetary Policy Committee meeting last Wednesday.
AllianceDBS Research in a note
last Friday said that the leading
macro indicators currently do not
indicate any signs of an uptick in
growth trends.
We continue to maintain our
full-year 2016 GDP growth forecast
at 4.1%, said the firm.
MIDF Research said that it maintains its expectation that IPI will
grow in the range of 3.5% to 4%, and
GDP to grow at 4% in 2016.
Factory output steadied in July
despite the surprise contraction in
exports demand during the same
month.
We like to highlight that there
was a divergence in the domestic
production and private consumption in the second quarter, thus it
could indicate lower future consumption, said the firm.
The central bank expects the
economy to grow at between 4%
and 4.5% this year.
4 HOME BUSINESS
Lending by developers to
have minimal impact
Property developers will be selective in applying new scheme to their products, says analyst
BY A H M AD NAQ I B I D RI S
KUALA LUMPUR: Analysts expect

no significant impact on the local
property market, following the governments move to allow eligible
property developers to obtain a licence under the Moneylenders Act
and Pawnbrokers Act to provide up
to 100% financing for homebuyers.
Urban Wellbeing, Housing and
Local Government Minister Tan
Sri Noh Omar, who announced the
governments decision last Thursday, said the interest rate for the
financing facility will be capped at
12% per annum for borrowers with
collateral and 18% without, with
loan repayment periods of between
10 and 20 years.
MIDF Research analyst Alan Lim
said the move is expected to slightly
increase sales, but thinks developers will be very selective in applying
the new scheme to their products.
On the positive side, the new
rule is expected to increase property developers sales slightly and
hence may reduce the number of
unsold units in the market.

Having said that, we believe that
property developers will be very selective in applying the new scheme
to their products as the cash flow
from repayment periods exceeding 10 years is slower than the current period of between three to five
years, he said.
AmInvestment Research analyst
Thomas Soon said the initiative will
not have a significant impact in the
near- and medium-term, due to the
high interest rate.
Broadly, we do not believe the
initiative would have a significant impact in the near- and medium-term
as the high interest rates would be
a hindrance, but more significant
risks could emerge over the long run
if such balance sheet items [were]
built up and needed to be offloaded.
The memory of the 2008-2009
subprime mortgage crisis is not that
far in the distant past, wrote Soon
in a note.
ExaStrata Solutions Sdn Bhd chief
real estate consultant Adzman Shah
Mohd Ariffin told The Edge Finan-
cial Daily that while the move could

stimulate the domestic property
market, house prices could rise over
the longer term.
There is always the issue of cost
of funds involved for the developer to finance this and it is feared
that this cost will be reflected in the
property price similar to the DIBS
(developer interest bearing scheme)
concept previously, hence property
prices could be increased further
to cover the cost of funds, he said.
CIMB Investment Research analyst Saw Xiao Jun also highlighted the
same issue, noting that developers
cost of funds is unlikely to be lower than that of commercial banks.
Since the banks already allow
debt service ratio (the proportion of
income used to service borrowings)
of 60% to 70%, financing from developers will either raise homebuyers
overall purchase cost or introduce default risks to the developers, he said.
He added that most developers
are not keen to provide financing
to their buyers in the near term,
based on checks by the research
house. However, developers have

not ruled out offering some form
of financing facilities in the future.
In any case, we believe only
the developers with strong balance
sheets will be keen to explore this
option to boost their sales, said Saw,
adding that UOA Development Bhd
and Mah Sing Bhd are the developers in net-cash or near-net-cash
positions, among those under its
coverage.
On the other hand, Andaman
Property Management Sdn Bhd
managing director Datuk Seri Vincent Tiew said even the smaller developers can benefit from this, as
developers have flexibility in regulating their lending.
Its not about having a big cash
pile. The big players wouldnt necessarily be the only ones benefiting
from this. Even the smaller players
can benefit, as the financing can
be tailored to the size of the project, he said.
For example, Tiew explained that
the loans can be given based on a
project-by-project basis, instead
of a blanket policy covering all of a

certain developers project.
However, property developers
said that there is still a lack of clarity
of the initiative, leaving companies
uncertain about the feasibility of
the move.
We can review the feasibility of
such a moneylending programme
once more details are available,
said Mah Sing Group managing
director and group chief executive
Tan Sri Leong Hoy Kum.
Mah Sing has been actively
launching for the past few months
and we have received very good
take-up, he said. There is keen
interest from buyers and the main
thing delaying their purchase decision is their inability to procure
loans. Our focus will be to assist buyers with easy ownership schemes.
Similarly, S P Setia Bhd president
and chief executive officer Dato
Khor Chap Jen said the group will
assess the option further, once the
details are out.
Setia is open to this initiative
and will assess it further, he said.
Selangors new policy a challenge to private developers

BY KAMARUL ANWAR
KUALA LUMPUR: Property developers have hit back at the Selangor

government for amending policies
and imposing surcharges that would
increase their costs of business, an issue that becomes all the more critical
when the current soft market forces
them to compete for the segment that
demands affordable homes.
The atmosphere at a discussion
on the second day of the 19th National Housing & Property Summit
last Friday turned awkward if not
heated as it centred on challenges
for affordable housing.
Datuk Seri Vincent Tiew, the only
private developer on the panel, took
a shot at the proposed policy by the
Selangor Housing and Real Property
Board (LPHS) of allowing households earning up to RM15,000 a
month to be eligible for affordable
units in serviced apartment and
boutique office projects.
This compares with the current
ceiling of RM8,000 to RM10,000 to
be entitled for affordable homes in
the state, said the managing director
of Andaman Property Management
Sdn Bhd.
Imagine having an apartment
unit selling for RM270,000 in Petaling
Jaya. Its a really good price for that
location. And who is entitled? People
whose household incomes earn up
to RM15,000. These are people generally in the open market, Tiew told
reporters after the panel discussion.
Selangor should have main-
(From left) Pembinaan BLT Sdn Bhd CEO Datuk Dr Kamarul Rashdan Salleh, Abdul Mutalib, GD Holdings CEO property Richard Ng,
Selangor State Development Corp senior manager, corporate planning and transformation management Norita Mohd Sidek, Tiew
and Norzaton at the 19th National Housing & Property Summit at the Sunway Resort Hotel & Spa in Petaling Jaya last Friday. Photo
by Suhaimi Yusuf
tained it (the affordable unit entitlement income bracket) at RM8,000.

If you push it up to RM15,000, then
you are going to eat into my segment, he said.
Tiew argued that affordable units
prices should vary in different areas,
according to the locales respective
land values. Petaling Jaya and Sabak
Bernam have disparate land values,
but the affordable units are capped
at the same prices all over Selangor.
Two weeks ago, Selangor State
Executive Councillor for Housing,
Building Management and Urban
Living Datuk Iskandar Abdul Samad said property developers will be
required to build affordable units
for serviced apartment, small office home office (Soho) and small
office/virtual office (Sovo) projects

in Selangor under the states new
blueprint for housing development.
Property executives were told
by the state government that it was
supposed to be implemented this
month. The final mechanics will be
made official soon.
The prices are fixed at RM270,000
per serviced apartment unit and
each of them must be 550 sq ft.
Each Soho and Sovo will be sold at
RM230,000 with every unit measuring at 450 sq ft.
Under these guidelines, those
with household incomes of up to
RM15,000 are eligible. This is higher than the existing Rumah Selangorku scheme that caters to households earning RM10,000 or less. Both
schemes are for first-time homebuyers only.

Before ending her speech, LPHS
executive director Norzaton Aini
Mohd Kassim rebutted by saying
that the Selangor government wants
to ensure that its rakyat have the
right to own a property, and conceded that it will need to work together with the private sector. You
kind developers, do follow our procedures. We are forcing you, but in
a nice way with a smile.
Urban dwellers disposable incomes are shrinking with rising cost
of living over the past few years.
Perbadanan PR1MA Malaysia chief
executive officer (CEO) Datuk Abdul
Mutalib Alias said that of the 1.32
million people registered to buy an
affordable home under the government agency, 44% of them are living in Kuala Lumpur and Selangor.
64% of the homes built by PR1MA
are sold at between RM201,000 and
RM300,000, he said. However, it
should be noted that this scheme
is open to people who already own
a home, too.
Allocating a certain portion of
housing developments for low-cost
or affordable units has been made
mandatory by the federal government since at least 1982, with the
quota set then at 30%. Over time,
various states have imposed their
own quotas, thus it is not a new
thing for private developers to build
affordable homes with prices set by
the government.
However, Tiews bone of contention over Selangors new guidelines
is the higher household income level eligible for the affordable homes,
which are actually sold below cost.
This means that there will be more
people who can snap up the subsidised homes, shrinking the pool of
potential buyers of the homebuilders non-subsidised units.
This adds to the list of criticisms
by private developers against the
Selangor government. Previously,
Real Estate and Housing Developers Association Malaysia president
Datuk Seri F D Iskandar Mohamed
Mansor told The Edge Financial Daily that the land conversion fee imposed by some states, including
Selangor, has risen by 100% within
the past five years.
HOME BUSINESS 5
Banking sectors loan growth

seen at 5% to 6% in 2017
OCBC Malaysia CEO expects a slight shaving in industrys bottom line for 2H16
BY S AN G EETHA A MA RTHA L I NGAM
GEORGE TOWN: While the overnight

policy rate (OPR) was left unchanged
this month, the rate cut in July and
an anticipated further reduction in
November will have a negative effect
on loan growth, said banker Ong Eng
Bin, adding that growth was also hit
by excess capacity in certain industries due to slower economic growth.
Ong, chief executive officer
(CEO) of OCBC Bank (M) Bhd,
said the slower loan growth will
have an impact on overall earnings.
He expects a slight shaving in the
banking sectors bottom line for
the second half of 2016.
Banks, said Ong, are looking at
a more prolonged workout period
in terms of economic growth and
possibly a risk therapy for two years
before they can see some recoveries due to excess capacity.
We are already seeing the impact of excess capacity in certain
industries resulting from lower demand for loan and, ultimately, affecting overall loan growth.
Based on the trending momentum, we forecast loan growth in the

5% to 6% range for 2017. It tapered
to 10% in 2014 and 8% in 2015, he
told The Edge Financial Daily.
This year, some analysts who
have made neutral calls on the
sector forecast loan growth to be
about 5%, with the more optimistic projection at slightly above 6%.
In July, loan growth in the local
banking sector declined for the
10th consecutive month to 5.1%
year-on-year.
Ong said the 25-basis-point cut in
the OPR in July and the expected cut
in November would inevitably transfer about RM1 billion to consumers.
While this is good for consumers where purchasing power is increased, it is bad news for banks, he
said. Mortgages could be adjusted
but it would take six to 12 months to
see changes in funding costs due to
a lag effect, which may depress net
income margins for banks.
Immediately, loan rates drop
while deposit rates that are locked
in with banks may take one to 12
We are already seeing

the impact of excess
capacity in certain
industries resulting
from lower demand for
loan and, ultimately,
aecting overall
loan growth.
months. [Thus] this will impact
banks net income margins, he said.
On July 13, Bank Negara Malaysia
(BNM) lowered the OPR to 3%, the
first cut since 2009, to stimulate the
economy after increased downside
risks on the external front amid a low
inflationary environment. The central
bank had kept the rate unchanged at
3.25% since September 2014, after a
25-basis-point hike in July that year.
On Sept 7, BNMs Monetary Policy Committee (MPC) maintained
the benchmark rate at 3%, justifying
the move based on stable domestic
financial conditions that have been

functioning in an orderly manner.
Analysts and bankers alike expect
another cut of 25 basis points in the
final MPC meeting in November.
I think the government thinks
that this is the best way by reducing the interest rate because everywhere in the world, interest rates are
being reduced, said Ong. Malaysia
is still [set at] three basis points and
Australia is 1.5 basis points. There
is still room for reduction.
He added that with speculation
about a general election around the
corner, there would be a general consensus to keep Malaysians happy.
As for OCBC Malaysia, Ong said
the bank is expected to see a reduction of about RM20 million in its
net interest for the financial year
ending Dec 31, 2016 (FY16), but
hopes that its pre-tax profit would
be maintained at the FY15 level.
For FY15, OCBC Malaysias net
profit grew 6% to RM883 million on
the back of total income of RM2.48
billion, up 7%, due to higher fee income and Islamic banking income.
For the first half of FY16, net interest

income was down 1% at RM666 million, compared with RM676 million a
year earlier, while total income fell 1%
to RM1.19 billion from RM1.2 billion.
Ong said the bank is trying to
manage its impairment to ensure
its bottom line is not affected, which
means a focus on risk management
and preventing its clients from going under.
As always, we are managing
things according to our existing
prudential guidelines. The focus
of OCBC [Malaysia] is to become
more efficient to contain our cost
increases, while also managing
impairment losses so that overall
profitability is not impacted despite
weaker loan demand and interest
rate pressures, he said.
On the flip side, he said, most
banks capital ratio is becoming
strong as they are no longer growing so much, so they are conserving.
[Its] not like those days when
there were huge losses; now is the
time when maybe profit is affected
but capital is still the same, he said.
Is cash-rich Formosa Prosonic Industries undervalued?

BY B I L LY TOH
KUALA LUMPUR: Formosa Prosonic Industries Bhd (FPI), a manufacturer of sound systems, has
seen its share price fall by 12.92%
year to date to 77.5 sen last Friday
after trading as high as RM1.04 at
the beginning of the year. Backed
by generous dividends, is it worthwhile investing in the company?
While its share price declined
this year, whats surprising is that
during this time, FPIs cash pile increased to RM171.4 million or 69
sen per share as at June 30, 2016
from RM158.2 million or 64 sen
per share as at Dec 31, 2015. Free
of borrowings, FPIs cash in hand
alone represents 89% of its share
price at the moment.
While FPI has been prudent in
conserving cash, the group has
also been rewarding shareholders
in the form of dividends. For the
financial year ended Dec 31, 2015
(FY15), the group declared and paid
a first interim single tier dividend
of seven sen per share, amounting
to RM17.3 million, translating into
a dividend yield of about 9.03%.
FPI does not have a dividend
payout policy in place but it has
been paying dividend of at least
three sen per share since FY09, resulting in a yield of at least 3.87%
based on its current price.
One of the companys officials
shared that the cash buffer is a strategic asset for the group.
It will be important to have a
strong cash buffer during a slowdown in the economy. We have

also invested quite a fair bit into
machinery. When the need arises,
the company will not hesitate to
invest, whether in new products or
to expand capacity, he said.
In terms of its valuation, FPI is
trading at a trailing price-earnings
ratio (PER) of only nine times while
other consumer electronics such
as Acoustech Bhd and Panasonic
Manufacturing Malaysia Bhd have
a PER of 15.15 times and 14.5 times
respectively.
Looking at its income statement,
the group has been generating both
net profit and positive operating
cash flow every year since its listing
in 1994. Perhaps one of the concerns would be its recent financial
performance in the first two quarters of FY16.
In the second quarter ended
June 30, 2016 (2QFY16), stripping
out the gain on disposals of subsidiaries totalling RM4.9 million,
FPI registered a profit before tax
of about RM900,000 million. In
1QFY16, FPI saw a loss before tax
of RM3.1 million, excluding the
gain on disposal of an associate
of RM2.3 million.
The decline in its performance
in the first half ended June 30, 2016
was attributed to higher operating
costs and loss on foreign exchange
in 1QFY16. The slowdown in global economic growth, restrictive
labour supply and policies and
higher minimum wages also re-
FPIs cash pile increased to RM171.4 million or 69 sen per share as at June 30, 2016
from RM158.2 million or 64 sen per share as at Dec 31, 2015.
Formosa Prosonic Industries Bhd
Formosa Prosonic
Industries Bhd
Acoustech Bhd
LAST
PRICE
(SEN)
TTM
EPS
(SEN)
TTM
P/E
(TIMES)
TTM
DPS
(SEN)
TTM DIV.
YIELD
(%)
NET
GEARING
(%)
77.5
73.5
8.6
4.8
9.06
15.25
7
2.5
9.03
3.40
0.00
26.38
sulted in higher operating costs.

The recent decline in profitability has cast doubts on the
groups prospects moving forward
but FPI appears to be committed
to the manufacturing and selling of high quality speaker systems. According to a source, the
main reason for FPIs disposal of
a 27.8% stake in Acoustech was
due to the latters intention to diversify into other business such

as property development.
The market also appears to
show a lack of interest in the company based on its average trading volume. The groups threemonth average volume was only
52,300 shares as compared with
its 12-month average volume of
250,371, reflecting a decline by

more than half in investors interest.
The groups substantial shareholders, representing a 54.9% stake,
however have maintained their
ownership.
FPIs largest shareholder Wistron
Corp, a Taiwan-based company,
bought its stake in 2014 and still
holds 69.3 million shares, representing a 28% interest in FPI.
Permodalan Nasional Bhd owns
a 21.64% stake with 53.5 million
shares while Chang Song Hai, a
Taiwanese, owns 13 million shares
or 5.36%.
With a strong track record, low
PER and strong fundamentals as
well as consistency of its dividend
payout, is FPI undervalued?
Malacca Securities technical
analyst Loui Low Ley Yee told The
Edge Financial Daily that FPIs fundamentals are good but indicated
that its low trading volume is a risk.
The volume is not there. It is
rather illiquid and it could be a risk
because once you get in, it might be
difficult to get out. Currently, the
floating stock is only about 19.58%
and liquidity could be an issue if
investors opt to enter into the investment, Low said.
While liquidity may have been an
issue, an investor who invested in FPI
for the long term in the past would
have been well rewarded. Its annualised return inclusive of the reinvestment of dividends paid over one-,
five- and 10-year periods are 25.29%,
8.71% and 15.31% respectively.
6 HOME BUSINESS
Poh Huat upbeat about

positive US housing data
Plans to expand distribution network to Australia, Europe
BY Y I M I E YONG
KUALA LUMPUR: The recent

positive US housing data is good
news for exports-oriented furniture manufacturer Poh Huat
Resources Holdings Bhd, which
derives at least 60% of its sales
from the US market.
US housing starts, the leading indicator for the countrys
housing market, has risen 2.1%
to a seasonally adjusted annual
rate of RM1.21 million in July a
five-month high and above market expectations.
Poh Huats co-founder and
managing director Tay Kim Huat
said outlook for the furniture industry remains bright, especially
in the US, as the economy recovers.
Every year, we target a 20%
sales growth. Usually our sales
grow between 15% and 20%
[thanks to] the number of residential and office buildings that
have been increasing in tandem
with population growth and urbanisation, Tay told The Edge
Financial Daily at his Muar office.
Tay said US families, on average, change their home furniture
every seven years more frequently compared to the average
Malaysian familys 10 years
and such a buying pattern lends
support to the furniture market.
Reports have estimated that the
US furniture market was worth
US$96.4 billion (RM396.20 billion)
in 2014, and expected to grow at
a compound annual growth rate
of 2.9% through 2019.
Going forward, Tay said the
companys focus will remain with
the US market, though Poh Huat
Poh Huats net prot

RM mil
Poh Huats revenue

39.2
40
23.8
20
453.9
392
359.3
358
377.2
RM
2.2
Vol (mil)
5
RM1.54
300
1.8
16.8
14.3
10
RM mil
500
400
30
Poh Huat Resources Holdings Bhd
200
2
1.4
5.6
100
1
0
FY11 FY12 FY13 FY14 FY15
FY11 FY12 FY13 FY14 FY15
1.0
Sept 10, 2015
plans to expand its distribution

channels elsewhere too. We plan
to set up a trading house in Australia. We are looking at Europe
too, he said, without giving a specific timeline.
Poh Huat has a 51%-owned
trading house in South Africa now,
Poh Huat International Furniture
SA Pte Ltd. It also has manufacturing facilities in Muar, Malaysia,
and two others in Binh Duong and
Dong Nai, Vietnam which are
operating at around 75% of their
capacity.
Its Malaysian operation makes
office furniture, which it mostly exports to Canada and North
America, while the Vietnamese operations mainly produce the more
labour-intensive home furniture.
Tay said Poh Huat is exploring opportunities to set up another manufacturing facility in a
neighbouring country, to ensure
we stay cost-competitive, but declined to reveal more, saying only
that Poh Huat has the financial
muscle to expand. As at April 30,
its net cash was RM27.7 million.

Poh Huats net profit for the
second quarter ended Apr 30,
2016 (2QFY16) fell 14% to RM3.88
million, from RM4.53 million a
year ago, despite a 10.71% growth
in revenue, primarily due to a
stronger ringgit, which resulted
in forex losses.
Nevertheless, it saw more export sales from its Vietnam operations, as demand for furniture
continued to stay strong, in line
with sustained employment and
strengthening housing market
data in the US.
For the six months ended
April 30, 2016 (1HFY16), Poh
Huats net profit climbed 42% to
RM18.01 million from RM12.71
million, while revenue grew 28%
to RM257.52 million.
Poh Huats group financial
controller Lee Ing Tiong said profit before tax (PBT) margin for the
second half ending Oct 31, 2016
(2HFY16) is expected to be higher than 1HFY16 on anticipation
of orders of products with higher
Sept 9, 2016
margin for the Christmas season.

For the full FY16, however, PBT
margin is expected to stay at 10%,
he added.
While price competition is an
issue in every business, the furniture manufacturer does enjoy
some stickiness from its long-term
clients. We do face price competition from China and they are
still the worlds largest furniture
exporter. But when it comes to
bulky items like furniture, trust
and relationship built between
us and our long-term clients over
the years matter, Tay said.
The original equipment manufacturing business accounts for
90% of Poh Huats exports to the
US. Poh Huats notable clients include Canada-based Performance,
US-based Ashley Furniture Industries Inc and Aspen Home.
Meanwhile, Tay, who has a
direct interest of 24.11% and an
indirect interest of 5.52% in the
company, said the company intends to continue paying out 30%
to 40% of its profit as dividends

although Poh Huat doesnt have
a dividend policy.
TA Securities senior analyst
Ooi Beng Hooi, who tracks the
counter, said Poh Huats earnings prospect is positive as demand from the US market has
been healthy. We are forecasting
a dividend of 8 sen this year. This
would translate to a dividend yield
of more than 5%, he told The Edge
Financial Daily when contacted.
Ooi also opined that Poh
Huats 20% sales growth target
should be achievable for FY17.
The labour cost in Vietnam is
lower and its Malaysian operation is very much automated,
noted Ooi, who has a buy call
and a target price of RM2.05 on
Poh Huat.
Meanwhile, Gan Kong Yik,
chief investment officer of KAF
Investment Funds Bhd, opined
the counter is a good buy especially in the current tepid stock
market environment.
The company is expected to
benefit from positive US housing
data. There is usually a six-month
lag for the strong data to translate
into orders and sales. The dividend yield is about 4.8%, [previous] earnings growth is about
10% to 15%. PER is about 7 times,
which is attractive. The company
is in a net cash position too, he
said via telephone. He added that
Poh Huat will also benefit if the
ringgit weakens further against
the US dollars.
Shares of Poh Huat closed 3 sen
lower at RM1.54 last Friday, valuing
it at RM328.8 million. Year to date,
the counter has declined 22.06%.
Plenitude Solutions offers e-procurement with fintech twist

BY C H UA SU E- A NN
KUALA LUMPUR: Homegrown

software company Plenitude
Solutions Sdn Bhd has built in
a banking component to its flagship e-procurement software,
a feature that facilitates easier
payments and discounts for business-to-business purchasing.
Plenitude Solutions Sdn Bhds
flagship product Plenitude eXchange is essentially an integrated
sourcing-to-payment solution for
businesses procuring goods for
internal use or production.
Aside from convenience, Plenitude eXchange stands out from
other competitors in the e-procurement software space in its
ability to make purchasing slightly
cheaper.
According to Plenitude Solutions co-founder K C Tong, the
software does this by working with

banking partners, namely Citibank and CIMB Bank, to offer a
credit line to companies using
the software.
So, instead of writing multiple cheques and juggling multiple payment terms and dates, the
company using the procurement
software just pays the bank at the
end of the month much like how
consumers pay their credit card
bills.
But banking convenience is not
the only attraction. What Plenitude
eXchange does is that it facilitates
a discounted rate for immediate
cash settlement on a purchase.
If a company were to buy
something from a vendor, most
of the time they will enjoy credit
for either 30 to 45 days. But if you
were to go to the vendor and say
I will pay you cash, what is the
discount you can give me? almost

all vendors will give a discount. It
just depends on the quantum of
the discount. It roughly ranges
from 3% to 7%, some may go as
high as 10% depending on the
type of product, said Tong who
founded the company with IT veteran Jonathan Ng.
According to Tong, the discount
enjoyed on each procurement
transaction is shared three ways:
the purchaser, the bank and Plenitude Solutions.
Its a win-win-win situation.
Its a strong value proposition.
Every 1% of cost saved on procurement goes straight to a companys bottom line, Tong added.
At present, procurement systems for many companies large and
small are still very much manually
processed, from request for quotations to issuing a purchase order, all
the way to invoicing and payment.

There is a strong case for more
automation of procurement. It
includes increased efficiency and
accuracy of procurement, faster
turnaround time, cost savings as
well as reduced risk of fraud or
corruption.
A Bain & Company study of
Asia-Pacific companies procurement systems in 2013 found that
those who continuously improve
procurement capabilities and culture enjoy initial cost savings of
8% to 12% followed by a consistent 3% to 4% savings every year.
Tong cites an internal survey
done by an oil major which found
that the total cost that goes into
purchasing a single item can be
as high as US$200(RM822). This
includes all the manpower and
administrative costs that goes into
procurement. When the oil com-
pany started automating its procurement systems, it managed to

slash the procurement down to a
mere RM10.
According to Tong, Plenitude
Solutions clients include financial
services firm K&N Kenanga Holdings Bhd and instant noodle and
snack food manufacturer Carjen
Food Sdn Bhd.
Plenitude Solutions is in the
midst of talking to more potential clients in Singapore as well
as Malaysia.
The challenge though for Plenitude Solutions is in persuading
companies to automate their procurement processes, something
which still requires a great deal of
educating. Whats more, companies that already have some procurement software or systems in
place may not necessarily want to
jump aboard a brand new wagon.
ST O C KS W I T H M O M E N T U M 7
Stocks with momentum were picked up using a proprietary algorithm by Asia Analytica Data Sdn Bhd and rst appeared at www.theedgemarkets.com.
Please exercise your own judgement or seek professional advice for your specic investment needs. We are not responsible for your investment decisions.
Our shareholders, directors and employees may have positions in any of the stocks mentioned.
CENTURY LOGISTICS HOLDINGS BHD (-ve)

SHARES in Century Logistics Holdings Bhd
(fundamental: 2.1/3, valuation: 1.4/3) gained
5.5 sen or 5.7% to hit a high of RM1.02 last
Friday, triggering our momentum algorithm
for the second time in the week.
It narrowed its gains to settle at 97 sen, up 0.5
sen or 0.52%, with 20.04 million shares traded.
The integrated logistic player first triggered the algorithm last Wednesday, when
it surged 12 sen or 13% on that day.
Last Thursday, Century Logistic announced that CJ Korea Express Asia Pte Ltd
had inked a conditional sale and purchase
CENTURY LOGISTICS HOLDINGS BHD
agreement with its major shareholders for the

acquisition of a 31.44% stake for RM174.78
million cash, or RM1.45 per share.
Following the acquisition, CJ Korea Express Asia is now the largest shareholder of
Century Logistics.
CJ Korea Express strategy planning division
vice president Ahn Jaeho said Century Logistics
is the perfect fit for the group to achieve its goal
of becoming a dominant player in Malaysia.
CJ Korea Express entry will also be Century
Logistics springboard into e-commerce and
the parcel delivery sector.
Valuation score*
1.40
2.10
Fundamental score**
16.55
TTM P/E (x)
(0.36)
TTM PEG (x)
1.24
P/NAV (x)
5.14
TTM Dividend yield (%)
370.03
Market capitalisation (mil)
Shares outstanding (ex-treasury) mil 383.45
1.17
Beta
0.75-1.04
12-month price range
*Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength
& protability
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
PECCA GROUP BHD (-ve)

SHARES in Pecca Group Bhd (fundamental:
N/A, valuation: N/A) triggered our momentum
algorithm for the third time this year. The last
time it triggered the algorithm was on July 20.
The counter closed four sen or 2.06%
higher at RM1.98 last Friday, after some
2.004 million shares were traded.
In comparison, it saw an average volume
of only 1,481,961 shares in the last 200 days.
Pecca said its 60%-owned subsidiary Pecca Leather Aviation Services Sdn Bhd had
PECCA GROUP BHD
obtained the green light from the Department of Civil Aviation (DCA) to undertake
more leather upholstery work in the aviation industry.
During its listing in April, Pecca executive director Tan Jin Sun said the group had
secured a licence from the DCA to perform
refurbishment of aviation passenger seats.
Pecca has completed a project for a private jet, but had yet to do work for a commercial aircraft.
Valuation score*
Fundamental score**
TTM P/E (x)
TTM PEG (x)
2.32
P/NAV (x)
1.03
364.72
Shares outstanding (ex-treasury) mil 188.00
-0.27
Beta
1.54-1.94
& protability
PRESTAR RESOURCES BHD (+ve)

SHARES in Prestar Resources Bhd (fundamental: 0.8/3, valuation: 2.6/3) triggered
our momentum algorithm for the eighth
time this year. The last time it triggered the
algorithm was last Wednesday.
The counter closed one sen or 1.49% higher at 68 sen last Friday, after some 4.38 million shares were traded.
In comparison, it saw an average volume
of only 259,544 shares in the last 200 days.
Prestars share price has been steadily in-
PRESTAR RESOURCES BHD
creasing over the past year. The company is

involved in steel processing and manufacturing.
However, it surged quickly to 70 sen on
Sept 9 from 57 sen on Sept 2 and had dropped
quite a bit to 68 sen last Thursday.
For the second quarter of 2016, Prestar
posted a net profit of RM6.5 million compared to RM2.29 million a year ago.
Revenue for the quarter also increased
to RM153.04 million from RM144.44 million a year ago.
Valuation score*
2.60
0.80
Fundamental score**
8.11
TTM P/E (x)
0.16
TTM PEG (x)
0.53
P/NAV (x)
2.98
118.03
176.16
Shares outstanding (ex-treasury) mil
0.84
Beta
0.39-0.70
& protability

(ALL FIGURES IN MYR MIL)
Financials
Turnover
Ebitda
Interest expense
Pre-tax prot
Net prot - owners of company
Fixed assets - PPE
Total assets
Shareholders' fund
Gross borrowings
Net debt/(cash)

RATIOS
DPS ($)
Net asset per share ($)
ROE (%)
Turnover growth (%)
Net prot growth (%)
Net margin (%)
ROA (%)
Current ratio (x)
Gearing (%)
Interest cover (x)
FY13
FY14
FY15
FY2016Q2
31/12/2013
31/12/2014
31/12/2015
30/6/2016
255.8
32.8
4.1
27.2
22.6
170.3
338.3
252.6
81.1
43.0
275.2
48.5
4.0
42.4
33.3
158.7
330.5
270.5
63.2
(7.8)
297.9
54.6
4.6
41.0
31.9
267.2
366.3
288.8
79.3
(10.2)
82.6
10.7
1.0
8.0
5.4
262.3
365.9
297.4
71.7
(4.9)
FY13
FY14
31/12/2013
31/12/2014
31/12/2015
FY15 ROLLING 12-MTH
0.11
2.17
9.57
(0.40)
28.04
8.82
7.13
1.86
17.01
8.02
0.08
0.74
12.73
7.59
47.59
12.09
9.95
2.10
12.19
0.06
0.77
11.42
8.23
(4.02)
10.73
9.17
2.35
11.89
0.05
0.78
7.90
6.52
(46.28)
7.41
6.27
2.73
9.43
PECCA GROUP BHD
FY2016Q4
30/6/2016
Financials
Turnover
Ebitda
Interest expense
Pre-tax prot
Fixed assets - PPE
Total assets
Shareholders' fund
Gross borrowings
Net debt/(cash)
PECCA GROUP BHD
33.6
4.7
0.3
4.1
2.8
50.3
161.8
157.0
(87.6)
ROLLING 12-MTH
RATIOS
DPS ($)
ROE (%)
Turnover growth (%)
Net prot growth (%)
Net margin (%)
ROA (%)
Current ratio (x)
Gearing (%)
Interest cover (x)
0.02
0.83
6.39
-
FY13
FY14
FY15
FY2016Q2
31/12/2013
31/12/2014
31/12/2015
30/6/2016
600.5
47.7
13.3
20.3
12.2
153.4
283.2
193.9
261.0
240.6
630.1
47.9
14.1
22.9
12.3
165.7
292.5
203.9
253.1
220.9
616.9
40.6
13.3
20.1
10.7
165.6
306.3
214.7
227.2
186.3
153.0
13.8
2.9
8.6
5.2
164.0
315.9
222.2
199.8
163.9
Financials
Turnover
Ebitda
Interest expense
Pre-tax prot
Fixed assets - PPE
Total assets
Shareholders' fund
Gross borrowings
Net debt/(cash)

RATIOS
DPS ($)
ROE (%)
Turnover growth (%)
Net prot growth (%)
Net margin (%)
ROA (%)
Current ratio (x)
Gearing (%)
Interest cover (x)
FY13
FY14
31/12/2013
31/12/2014
31/12/2015
FY15 ROLLING 12-MTH
0.02
1.11
6.49
2.19
58.49
2.03
4.38
1.29
124.07
3.60
0.02
1.16
6.19
4.92
0.85
1.95
4.28
1.30
108.36
3.39
0.02
1.23
5.09
(2.09)
(13.40)
1.73
3.56
1.36
86.80
3.06
0.02
1.26
6.91
(3.85)
50.57
2.41
4.85
1.42
73.78
3.86
8 P R O P E RT Y
China should
curb capital flow
State firms to help slow the rise of debt levels economist
BEIJING: China should take steps
to curb the flow of capital into the
property market and state-owned
companies to help slow the rise
of debt levels in the economy, Ma
Jun, chief economist of the Peoples
Bank of Chinas (PBoC) research
bureau, told the China Business
News in an interview.
Measures should be taken to
put a brake on the excessive bubble
expansion in the property sector,
and we should curb excessive financing into the real estate sector,
Ma said. A third of the financial-system leverage added over the past
decade has come from the surge of
housing prices, he added.
China cannot reduce leverage
ratios too hastily as that could hurt
economic growth and employment,
but it must find ways to slow down
the rise in debt levels in the long run,
Ma said in the interview published

on the papers website yesterday.
The PBoC will be very cautious
about the impact of further monetary policy easing, said Raymond
Yeung, chief greater China economist at Australia & New Zealand
Banking Group Ltd in Hong Kong.
The central bank is wary of the
overheating property market and
fast-rising mortgage loans.
Chinas total debt load rose to
250% of gross domestic product
(GDP) last year, and the International Monetary Fund has warned
that the high corporate debt ratio of
145% of GDP could lead to slower
economic growth if not addressed.
Ma identified the property sector and state-owned enterprises
as key drivers of high debt levels
in the economy over recent years.
We should take a lot of meas-
ures to curb excessive bubbles in

the real estate sector, curb the flow
of excessive financial resources
into the real estate sector, Ma said.
China needs to prevent stateowned enterprises from channeling cheap money into inefficient
investment, he said.
Cities from Shanghai to Shenzhen have been rolling out tightening measures this year as local
officials tackle overheating that
followed monetary stimulus. Meantime, central bank policymakers
are grappling with how to support
growth without spurring unsustainable price gains in housing and
other assets. The PBoCs easing
cycle since late 2014 has included
a series of cuts that push interest
rates to record lows, where theyve
been since October. Reuters/
Bloomberg
Property sector is the

new oil for battered Norway
BY SVEI NU NG SL EI RE
OSLO: While Norway grapples with

the existential question of what to
replace its massive oil industry with
in the post-carbon era, a boom in
the property sector has come to
the economys rescue.
Fuelled by record low interest
rates, housing investments have
risen 12% over the past two years,
surpassing the level of spending in
oil and gas and helping spare the
economy from recession in the process. Offshore investments, by contrast, have slid 29% over the same
period as tumbling crude prices
have sent shock waves through
the economy of western Europes
biggest oil exporter.
The relative weight of the housing sector is expected to increase
going forward, according to Nordea.
On top of cutting the benchmark rate to 0.5%, the central
bank has signalled more easing
may be needed to backstop the
economy. The real estate market,
meanwhile, has boomed. Housing
starts have risen 20% over the past
year and home prices are rallying
at an annual pace of almost 10%
nationwide.
Since the imported component
of housing investments amounts to
only 20%, compared with double
that share for oil investments, the
rate-fuelled housing boom provides far more bang for the buck
for the domestic economy.
The economy is now getting as
big a positive stimulus from housing investments as the negative
impulse from oil investments, said
Sinkeh Hotel in Penang is a colonial shophouse transformed into a multifunctional

arts space and hotel.
VERITAS wins 2016 Cityscape Awards

Emerging Markets
KUALA LUMPUR: VERITAS Design
Group is one of the 2016 recipients
of Cityscape Awards Emerging
Markets award under the category of Leisure & Hospitality award
(built) for its Sinkeh Hotel project
in George Town, Penang by Dubais
Cityscape Awards Global.
The award was presented to recognise the outstanding designs by
architects and developers globally.
VERITAS Design Group principal
Lillian Tay received the award at the
Cityscape Awards ceremony held last
Tuesday at Conrad Hotel Dubai, the
UAE. VERITAS Sinkeh Hotel was
among the three shortlisted projects
the Hyatt Regency Dubai Creek
Heights and Zaya Nurai Island Resort
Abu Dhabi in the same category.
Previously, VERITAS received
the Best Sustainable Development
Award-Built for the Menara Binjai project in Kuala Lumpur at the
same award ceremony in 2012.
In May 2015, VERITAS also

bagged Gold award under the category Alteration & Addition and
the Building of the year 2015 for
Sinkeh Hotel, awarded by the Malaysian Institute of Architects.
Sinkeh Hotel is a colonial shophouse transformed into a multifunctional arts space and hotel. A
three-storey steel pavilion was inserted into the rear without touching both party walls, creating a tapered narrow light well that brings
light and ventilation into the deep
shophouse space.
The Cityscape Awards for Emerging Markets celebrates excellence in
real estate development and architecture. Covering a range of categories,
the awards offer international architects and leading real estate developers a prestigious platform to communicate a shared vision for the future,
from culturally integrated city skylines
to sustainable urban communities.
Brexit banks risk nding no

oces if quitting London for EU
BY G AV IN F IN C H
Nordea analyst Eric Bruce. Actually, its even stronger because

we largely produce all housing in
Norway.
Of course, having the worlds
biggest sovereign wealth fund also
helps: The government is this year
pumping a record amount of oil
cash into the economy.
And the billion-krone question

remains: Will the housing rally
last? Norway has already learned
the hard way that over-reliance on
one sector of the economy doesnt
work. With house prices surging
into potential bubble territory, it
wouldnt want to repeat the same
mistake again. Bloomberg
LONDON: Banks planning to move

staff out of London after Brexit face a
stark reality: There isnt much prime
real estate up for grabs in rival cities.
With vacancy rates for prime
space in the business districts of
Paris, Frankfurt and Amsterdam
at the lowest levels in a decade,
there are only a handful of empty
and appropriate office buildings in
those cities capable of housing the
thousands of employees that banks
might need to relocate, according
to data from property broker Savills
plc. In Dublin, there are currently
no buildings big enough.
There is no obvious successor to
London, said Matthew Fitzgerald,
Savillss head of European tenant
representations. It could take several years to see a financial cluster
of a similar scale.
While the banks have so far waited to see what Prime Minister Theresa Mays negotiating plan will
be, first movers may get an advantage on the limited stock of space.
Bank executives are planning for
the worst an outcome where they
lose the right to sell services freely
around the European Union (EU)
from London and would want to
have new or expanded offices set
up elsewhere before the end of the
two-year Brexit negotiation period.

The problem is particularly acute
for Wall Street firms, which have a
majority of their European employees in London. Eighty-seven per
cent of US investment banks EU
staff are located in the UK, which
is also home to 78% of the regions
capital markets activity, according
to New Financial, a think tank.
Given the scarcity of supply, banks
are considering dispersing employees across a number of different
European cities, according to three
people with knowledge of their contingency plans. Regus plc, the worlds
largest provider of serviced offices,
has already said its speeding up expansion plans in Frankfurt should
banks need temporary solutions.
We might see a gradual spread
of roles around Europe, and these
would likely be department moves
of no more than 200 staff, Fitzgerald said.
In the days following the referendum, real-estate brokers said
they were inundated with calls from
panicked US investment banks asking about the availability of offices
across the continent. Nobody has
publicly signed a lease on new space
yet, as executives weigh their options
and wait to get a sense of what Mays
government is hoping to achieve
from Brexit talks. Bloomberg
10 B R O K E R S C A L L
S P Setia sees
challenges in Msia,
London markets
S P Setia Bhd
(Sept 9, RM3.32)
Downgrade to hold call with a
lower target price of RM3.40:
Management has revised down
the financial year ending Dec 31,
2016 (FY16) sales target to RM3.5
billion from RM4 billion previously, given the tough operating
environment in its key markets in
Malaysia and London.
This is set to be S P Setia Bhds
lowest sales since FY12. Also, sales
of the Battersea Power Station project in London, which contributes
49% of its RM8.2 billion unbilled
sales, have slowed down considerably in the aftermath of Brexit.
Despite S P Setias diversified
product offerings to cater to various
target markets, the weak sentiment
in the Malaysia and London property markets continues to weigh on
its new property sales.
We believe slow property sales
are the new norm going forward
which will result in subdued earnings growth prospects. We downgrade S P Setia to hold in view of
the lack of catalysts.
We estimate that RM2.7 billion
worth of overseas projects in the
UK, Singapore and Australia will
be recognised by the first quarter
of FY17, representing 33% of total
Icon Oshore to take delivery

of new AWB ahead of 1QFY17
S P Setia Bhd
FYE DEC (RM MIL)
2015A
2016F
2017F
2018F
Revenue
Ebitda
Pre-tax profit
Net profit
Net Pft (Pre Ex.)
Net Pft Gth (Pre-ex) (%)
EPS (sen)
EPS Pre Ex. (sen)
EPS Gth Pre Ex (%)
Diluted EPS (sen)
Net DPS (sen)
BV per share (sen)
PE (X)
PE Pre Ex. (X)
P/Cash flow (X)
EV/Ebitda (X)
Net dividend yield (%)
P/Book value (X)
Net debt/Equity (X)
ROAE (%)
6,746
1,457
1,426
918
918
150.9
35.6
35.6
147
34.9
23.0
281
9.6
9.6
5.3
7.8
6.7
1.2
0.2
13.9
3,632
860
913
630
630
(31.4)
24.0
24.0
(33)
24.0
14.4
291
14.3
14.3
6.7
12.4
4.2
1.2
0.1
8.4
3,664
751
1,049
729
729
15.7
27.7
27.7
16
27.7
16.6
302
12.4
12.4
17.5
14.3
4.9
1.1
0.1
9.4
3,655
757
762
526
526
(27.9)
20.0
20.0
(28)
20.0
12.0
310
17.2
17.2
15.7
14.1
3.5
1.1
0.0
6.5
Source: Company, AllianceDBS, Bloomberg Finance LP
unbilled sales (as at end-June 2016)

or 52% of overseas unbilled sales.
Weaker sales replenishment thereafter could pose earnings downside risk.
S P Setias sales will be main-
ly driven by township developments in Malaysia which remain

well-received as the group focuses
on launching more affordable and
mid-range housing. AllianceDBS
Research, Sept 9
Icon Offshore Bhd

(Sept 9, 31 sen)
Maintain buy call with an unchanged target price of 42 sen:
The offshore support vessel (OSV)
market generally remains soft. The
daily charter rate (DCR) is softening, but utilisation is strengthening.
Icon Offshore Bhd will take delivery of a new accommodation
workboat (AWB) ahead of the first
quarter of the financial year ending
Dec 31, 2017 (1QFY17) schedule,
driving expectations of securing
a charter.
It also managed to defer some
principal debt repayments by three
years, a positive to its cash flow.
There are no firm mergers and acquisitions for now, although Icon
Offshore is expected to be at the
forefront of OSV consolidation activity in Malaysia.
Icon Offshore expects its average OSV utilisation to improve
quarter-on-quarter in 3QFY16
(2QFY16 utilisation: 54%). Its
warmed stacked vessels will fall
to five units in 3QFY16 (versus six
units in 2QFY16) as its OSV, Tan-
jung Pinang 3, is chartered out on

a short-term basis.
The improved OSV utilisation
will be partly negated by further
weakness in DCRs. Based on recent
transactions, the daily OSV DCRs
in Malaysia are trending at lower
than 90 US cent (RM3.70) to US$1
per brake horsepower (bhp) versus
US$1 to US$1.20 per bhp previously.
While the overall demand for
OSVs remains soft, we see sporadic
strength in certain segments. The
tender pipeline for AWBs is strong.
There are about six tenders in the
market for 4QFY16 charters.
Icon Offshore confirmed that it
would take delivery of its AWB new
build Aliza, three months ahead of its
1QFY17 schedule. Apart from Aliza,
its three remaining new vessels will
remain in the respective shipyards
until there are firm charters for them.
Icon Offshore succeeded in rescheduling some of its loans, deferring its principal repayment of
RM63 million by three years to 2019.
This is positive towards easing its
cash flows in this cyclical downturn. Maybank IB Research, Sept 7
Icon Offshore Bhd

FYE DEC (RM MIL)
Revenue
Ebitda
Core net profit
Core EPS (sen)
Core EPS growth (%)
Core PER (x)
P/BV (x)
ROAA (%)
EV/Ebitda (x)
Net gearing (%) (GAAP)
Consensus net profit
MKE vs consensus (%)
2014A
2015A
2016E
2017E
2018E
319
190
75
6.4
(34.1)
4.8
0.3
4.5
7.7
54.9
-
267
123
18
1.5
(75.6)
19.7
0.5
1.1
9.2
84.9
-
255
99
6
0.5
(66.9)
59.5
0.5
0.4
10.3
89.8
6
0.6
327
130
27
2.3
354.7
13.1
0.5
1.9
6.9
71.0
27
0.2
373
174
67
5.7
144.4
5.4
0.4
4.6
4.5
50.6
67
(0.0)
Source: Maybank IB Research
Govt initiative may see sales of property increase slightly

THE EDGE FILE PHOTO
A lepic of property in Kota Kemuning, Selangor. According to media reports, eligible housing developers can now obtain licences to
provide homebuyers with up to 100% of house nancing.
Property sector
STOCK
E&O
Mah Sing
Sunway
UEM Sunrise
UOA Development
Glomac
S P Setia
Eco World
IOI Properties Group
Source: MIDF Research estimates
FYE
REC
PRICE @
SEPT 8
TARGET
PRICE (RM)
Mar
Dec
Dec
Dec
Dec
Apr
Dec
Oct
June
Neutral
Neutral
Neutral
Neutral
Buy
Neutral
Neutral
Buy
Neutral
1.71
1.60
3.12
1.10
2.57
0.775
3.43
1.34
2.58
1.60
1.68
3.07
1.03
2.68
0.79
3.38
1.68
2.65
CORE EPS (SEN)

16/17
17/18
7.83
16.29
29.93
2.63
26.76
10.51
25.02
4.97
18.97
9.92
17.30
32.56
3.74
28.30
8.39
27.09
7.73
19.34
CORE PER (SEN)

16/17
17/18
21.8
9.8
10.4
41.7
9.6
7.4
13.7
27.0
13.6
17.2
9.3
9.6
29.4
9.1
9.2
12.7
17.3
13.3
NET DIVIDEND YIELD

16/17
17/18
1.5
3.8
3.5
0.7
5.8
4.6
4.9
0.0
3.1
1.8
4.0
3.5
1.0
5.8
3.6
5.3
0.0
3.1
Property sector
Maintain neutral call: According to
media reports quoting Urban Wellbeing, Housing, and Local Government Minister Tan Sri Noh Omar,
eligible housing developers can now
obtain licences to provide homebuyers with up to 100% of house
financing.
We gather that the interest rate
will be capped at 12% (for loans with
collateral) and 18% (loans without
collateral), while loan repayment
periods could be between 10 and
20 years. The initiative is aimed at
overcoming difficulties faced by
buyers in securing bank loans.
On the positive side, the new
rules are expected to increase property developers sales slightly and
hence may reduce the number of
unsold units in the market.
Having said that, we believe that
property developers will be very selective in applying the new scheme
to their products as the cash flow
from repayment periods exceeding 10 years is slower than the current period of between three and
five years.
The latest Bank Negara Malaysia statistics show that Approved
Loan for Purchase of Property in
July 2016 dropped 13% year-onyear (y-o-y) to RM10.5 billion, a

continuous 18-month decline since
February 2015.
On a monthly sequential basis,
approved loans in July were also lower at 6% quarter-on-quarter. The decline in approved loans was mainly
due to lower applied loan amounts.
On a year-to-date cumulative basis, total approved loans for the first
seven months of 2016 was RM67.5
billion (-22% y-o-y).
Therefore, we maintain our neutral view on the sector as we continue to see limited sales growth
prospects for property developers
in 2016.
We like UOA Development Bhd
for its attractive dividend yield of
5.8% which should make it a favoured stock amid the current
yield-seeking environment.
Besides, property sales of UOA
are poised to make a strong comeback in the financial year ending
Dec 31, 2016 (FY16) after recording
a weak performance in FY15.
Also, its strong balance sheet with
a net cash position of RM734 million
would enable it to better withstand
the prevailing downturn in the property market. MIDF Research, Sept 9
12 B R O K E R S C A L L
Padini in place for

continuous rerating
Padini Holdings Bhd
(Sept 9, RM3.01)
Maintain buy call with a higher target price of RM4: We believe Padini
Holdings Bhd is in a sweet spot and
its share price is in place for a continuous rerating, driven by new store
expansion and resilient sales from
its existing stores. Padini Concept
Stores (PCS) and Brands Outlets
will remain the main engines for
the group in driving sales forward.
For the financial year ending June
30, 2017, management is looking to
add seven new PCS and eight Brands
Outlets, and some of the potential
locations include Sunway Velocity
Mall and Empire Damansara Shopping Mall.
Besides acquiring new stores,
sales from existing outlets are expected to remain stable owing to
its well-accepted bundling strategy
that caters for consumers selective
spending patterns amid a high-living cost environment.
Known as a value-for-money retailer, Padini benefits from
down-trading by consumers.
Furthermore, we expect consumer sentiment to improve further in
the second half of the year, on the
back of a stable labour market, in-
Berjaya Autos earnings seen

remaining resilient
Berjaya Auto Bhd
FYE APRIL (RM MIL)
The storefront of
a PCS outlet. PCS
and Brands Outlets
will remain the
main engines for
Padini in driving
sales forward. The
Edge le photo
crease in minimum wage policy,

lower retail pump prices, voluntary reduction in employees contributions to the Employees Provident Fund and potential increase
in BR1M payment in Budget 2017,
as well as a low-borrowing cost environment.
Padinis cost of raw materials,
which accounted for between 54%
and 58% of revenue, have been relatively stable over the past three years.
Accordingly, the groups gross
profit (GP) margin has been above
44% for the last three years.
Moving forward, we expect the
group to sustain its GP margin of an
estimated 43%, due to a recovery
in the ringgit versus the yuan. Fur-
thermore, cotton prices have been

moving sideways.
Consistent with the growing supply of lettable area in shopping malls
in Malaysia, we believe shopping
mall operators will continue to offer special rental rate promotions
to attract tenants and to maintain
their footfall rates.
This could benefit Padini in
terms of rental payments, which
form about 30% of total operating
expenses in the future as the group
is known for its crowd-puller quality.
Furthermore, with its huge layout size, Padini is at an advantage
to receive favourable rental rates
due to renting promotions. TA
Securities, Sept 8
SHARE
PRICE
MKT CAP
(RM MIL)
2016
2017
2016
2017
2016
2017
2016
2017
0.56
2.93
8.75
0.77
-
451.5
4,113.7
1,438.4
828.3
-
16.0
34.9
26.1
na
25.6*
12.9
27.9
21.7
10.0
18.1
(22.2)
(11.6)
(13.9)
na
-15.8*
24.3
25.0
20.3
na
23.2
7.0
6.4
35.8
2.2
12.8
6.7
7.3
39.0
1.9
13.7
1.7
1.1
3.3
2.2
2.0
1.3
1.3
4.0
3.5
2.5
2.98
1,967.1
12.6
12.7
71.3
12.6
31.9
31.8
4.4
5.0
COMPANY NAME
VS Padini Holdings Bhd

* excluding outlier Parkson
2016
2017F
2018F
2019F
Sources: Company data, RHB
Padini Holdings Bhd peer comparison
Bonia Corp Bhd

Aeon (M) Bhd
Amway (M) Bhd
Parkson Holdings Bhd
Average
2015
Total turnover
1,830
2,112
2,199
2,409
2,718
Reported net profit
215
198
187
218
255
Recurring net profit
215
198
187
218
255
Recurring net profit
64.9
(8.1)
(5.4)
16.4
17.0
growth (%)
0.19
0.17
0.16
0.19
0.22
Recurring EPS (RM)
0.10
0.17
0.15
0.15
0.16
DPS (RM)
11.8
13.0
13.8
11.8
10.1
Recurring PER (x)
5.35
4.84
4.45
4.12
3.69
P/BV (x)
11.8
10.2
18.8
12.8
11.3
P/CF (x)
4.6
7.5
6.7
6.7
7.1
Dividend yield (%)
7.56
7.73
8.48
7.27
6.12
EV/Ebitda (x)
52.4
39.3
33.7
36.2
38.6
ROAE (%)
Net debt to equity
Net cash Net cash Net cash Net cash Net cash
Our vs consensus
(15.8)
(11.8)
(8.1)
EPS (adjusted) (%)
PER
(X)
EPS GROWTH
(%)
ROE
(%)
NET DIVIDEND
YIELD
Source: TA Securities
Berjaya Auto Bhd

(Sept 9, RM2.26)
Maintain buy call with a lower
target price (TP) of RM2.55:
Despite a challenging domestic
auto industry, we expect Berjaya
Auto Bhds (BAuto) earnings to
remain more resilient than its
peers, helped by an asset-light
business model, attractive products and rising domestic assembly capacity to supply export
markets.
BAuto is attractive from a yield
standpoint. Our estimated 15
sen dividend per share offers an
implied yield of 6.7%. We understand that the listing of Berjaya
Auto Philippines on track to
be completed soon will likely
offer a higher listing premium.
BAuto offers a yield of 6.7%,
enhanced by a potential special
dividend upon the successful
listing of Berjaya Auto Philippines.
On Inokom Corp Sdn Bhds
expansion, Mazdas assembly
facility within Inokoms plant
is currently undergoing a paint
shop upgrade that will double
production capacity to 43,000
BAuto should see

higher associate
contributions from
29%-owned Inokom
and 30%-owned
Mazda Malaysia
going forward
to 45,000 units by next year. Malaysia will initially supply Asean

markets (excluding Vietnam)
with the CX-5 sport utility vehicle.
BAuto should see higher associate contributions
from 29%-owned Inokom and
30%-owned Mazda Malaysia Sdn
Bhd going forward.
We trim our financial year
ending April 30, 2017 (FY17) to
FY19 earnings estimates by 2%
to 4%. Key risks to our call and
TP include a stronger yen, slower-than-expected recovery in
consumer spending and reduced
availability of financing. RHB
Research, Sept 9
Construction sectors outperformance sustainable

Construction sector
Maintain overweight call: We remain overweight on the construction sector as news flows on contract
awards should sustain the sectors
outperformance.
Aggregate sector core net profit
fell 14% year-on-year (y-o-y) and
7% quarter-on-quarter (q-o-q) in
the second quarter of 2016 (2Q16)
as newly secured projects did not
contribute significantly to bottom
lines.
Construction companies saw
strong new infrastructure contract procurement in the first eight
months of 2016 (8M16). We expect
this to spur a strong sector core earnings growth of 15% y-o-y in 2017 as
most companies have record-high
order books.
Our top market and sector buys
are WCT Holdings Bhd, Sunway
Construction Group Bhd, Gamuda Bhd and Gabungan AQRS Bhd.
According to Construction Indus-
Construction Sector
STOCK
IJM Corp
Gamuda
MRCB
WCT
Sunway Construction
Eversendai
Benalec
Gabungan
Malaysian wgt avg
RATING
Buy
Buy
Buy
Buy
Buy
Buy
Hold
Buy
SH PR
(RM)
3.45
4.83
1.30
1.62
1.64
0.47
0.44
0.99
-
TP
(RM)
3.76
5.70
1.46
2.00
2.03
0.67
0.53
1.38
-
MKT CAP
(RMBN)
12.4
11.7
2.7
2.0
2.1
0.4
0.3
0.4
-
CORE PER (X)

CY16E
CY17E
22.3
20.3
31.3
19.4
14.8
5.6
15.3
11.6
20.8
19.7
17.8
22.7
13.6
12.5
4.9
10.6
11.0
18.1
CORE EPS GR (%) P/BV (X) ROE (%)

CY16E
CY17E CY16E
CY16E
3.5
(7.6)
218.6
52.0
5.0
9.2
83.8
na
0.5
13.3
14.1
37.5
42.2
18.6
14.6
44.9
4.8
15.4
1.2
1.7
1.0
0.8
4.1
0.4
0.6
1.1
1.2
5.9
10.0
3.1
4.5
29.4
6.5
4.1
12.3
6.7
DY (%)
CY16
2.9
2.5
1.9
3.7
3.4
1.1
3.4
0.0
2.5
Sources: Affin Hwang forecasts, Bloomberg. Note: Pricing as at close on 8 Sept 2016
try Development Board statistics, revised construction contract awards

rebounded 7% y-o-y and 19% q-o-q
to RM39.3 billion in 1Q16. Contract
awards fell 40% y-o-y and 56% q-o-q
to RM17.2 billion in 2Q16, but we
believe this was due to reporting
delays as new contract awards were
high, according to news reports.
All the work packages for the

Pan-Borneo Highway (Sarawak
section), Sungai Besi-Ulu Klang
Elevated Expressway and Damansara-Shah Alam Elevated Expressway have been awarded.
Most of the major work packages
for mass rapid transit Line 2 (MRT2)
have also been awarded. Based on
news reports, we estimate that about

RM50 billion of construction contracts were awarded in 8M16.
We expect the value of contract
awards to ease in 4Q16 as most of
the large-scale infrastructure projects have been launched. The remaining packages for the RM32
billion MRT2 and RM6 billion West
Coast Expressway should be rolled

out over the next six to 12 months.
New projects expected in 4Q16
are the RM9 billion light rail transit
Line 3 and RM13 billion Pan Borneo
Highway (Sabah stretch), and most
of the contract awards should flow
through into 2017.
Aggregate construction sector
net profit contracted 44% y-o-y in
2Q16 as Eversendai Corp Bhd, IJM
Corp Bhd and WCT were hit by unrealised foreign-exchange losses,
and Eversendai incurred an RM102
million impairment loss.
Core net profit fell 14% y-o-y in
2Q16 as ongoing projects for most
construction companies are at
the tail end, while new contracts
have not contributed significantly
to earnings yet. The property arm
of some of the companies, such
as IJM Corp, saw lower earnings
due to weaker sales and higher
operating costs. Affin Hwang
Capital, Sept 9
H O M E 13
Annual talks
consolidate
Msia-Thailand ties
Futures of the two countries intertwined, says Najib
BANGKOK: The inseparable ties
between Malaysia and Thailand are
set to get even closer following the
just-concluded sixth annual consultation of the prime ministers,
Datuk Seri Najib Razak and Gen
Prayut Chan-o-cha of Thailand.
Bilateral relations between the
two countries, which share common air, sea and land borders,
have come a long way since diplomatic ties were established 59
years ago.
Najib, at a joint media conference with Prayut at the end of the
consultation, said the futures of
Malaysia and Thailand, as close
neighbours, were intertwined.
The futures of our countries
are inseparable, he said, adding
that Kuala Lumpur and Bangkok
had agreed to put more effort into
implementing the agreements
reached during the consultation.
Najib also quoted a description
by Malaysias third prime minister,
Tun Hussein Onn, of the bilateral
relationship like two brothers
drinking from the same well
much to the delight of ministers
and officials from both nations.
The prime ministers asked their
respective ministers and government
officials to join hands and work with
each other to implement the decisions taken at the consultation.
The two leaders emphasised
that agreements reached by both
sides at the consultation must be
implemented swiftly to achieve the
desired results.
This years annual consultation,
which was held at Thailands seat

of power, the historic Government
House, had two thrusts security
and economic issues.
The Malaysian delegation reaffirmed the countrys commitment
to help Thailand achieve peace and
stability in its restive south.
Kuala Lumpur, said Najib, would
continue its role as a facilitator in
the peace process between Bangkok
and the militant groups or people
with different views from the government as the Thais refer to them.
I reaffirmed our (Malaysian)
commitment, Najib said, but was
quick to add that the conflict in
southern Thailand was Thailands
domestic affair and Kuala Lumpurs role in finding a solution to
the problem was guided by Bangkoks guidelines and framework.
Nevertheless, he said, it was
important to establish more confidence- building measures in southern Thailand to build stronger trust
between the parties concerned.
Malaysia will also provide vocational training for youths in the
south and help Thailand set up
religious schools which promote
academic excellence as requested
by Prayut, said Najib.
He said Prayut and he also agreed
to work closer together to tackle the
growing menace of global terrorism,
human trafficking, transnational
crime and violent extremism.
Security agencies in Malaysia
and Thailand, he said, must work
closely together because some of
the perpetrators (terrorists) move
between our countries.

He said intelligence-sharing by
the two countries security apparatus
had to be boosted so that the targeted
individuals could be apprehended,
extradited and deported.
On the economic front, besides
calling for additional efforts to increase bilateral trade from the current US$22 billion (RM90.4 billion)
annually to US$30 billion in 2018,
the two countries also agreed to expedite projects to facilitate better
people-to-people movement.
Najib and Prayut agreed that the
construction of the Rantau Panjang-Sungai Golok and Pengkalan
Kubor-Takbai bridges be expedited
for completion by the middle of next
year from the planned 2018 date.
The two leaders also agreed
to speed up the expansion of the
Sadao-Bukit Kayu Hitam Customs,
Immigration and Quarantine complex, emphasising that it was an
important gateway for border trade
between the two countries.
Another important decision that
could elevate Malaysia-Thailand
people-to-people and economic ties
to another level was the agreement
to set in motion a feasibility study on
a high-speed rail link between Kuala
Lumpur and Bangkok.
According to Najib, the link,
should it receive the go-ahead,
would bring people of the two countries closer as well as advance their
economies to another level. It is
seen as a complement to the Kuala
Lumpur-Singapore high-speed rail.
Bernama
Aidiladha celebrated with

thanksgiving prayers nationwide
KUAL A LUMPUR : Muslims
throughout the country celebrated Aidiladha yesterday with gratitude, joy and the spirit of sacrifice
albeit in moderation.
Good weather in most places
enabled the faithful to smoothly
perform their prayers, followed
by the obligatory ritual of sacrifice
and gotong-royong (community
service) at mosques, surau, villages
and housing areas. Roads in the federal capital were uncongested unlike normal days, with city-dwellers
having gone back to their villages
to celebrate the occasion.
However, Masjid Negara was
filled with about 13,000 Muslims
including foreigners who came to
perform Aidiladha prayers and hear
the sermon by Imam Besar Masjid
Negara Tan Sri Syaikh Ismail Muhammad.
Syaikh Ismail in his homily entitled The meaning of sacrifice
called on Muslims to constantly rise
in piety to Allah and to stop committing actions forbidden by Him.
In Langkawi, Yang di-Pertuan Agong Tuanku Abdul Halim
Muadzam Shah and Raja Permaisuri
Agong Tuanku Hajah Haminah performed Aidiladha prayers at Masjid
Aishah, Kampung Sungai Menghulu.
In Alor Setar, Tunku Temenggong Kedah Tan Sri Tunku
Sallehuddin Almarhum Sultan
Badlishah and his wife Toh Puan
Temenggong Datuk Seri Tengku
Maliha Tengku Ariff prayed with
about 2,000 others at Masjid Zahir.
In Penang, Yang di-Pertua Negeri Tun Abdul Rahman Abbas and
his wife Toh Puan Majimor Shariff
prayed with about 3,000 others at
Masjid Negeri in Jalan Air Itam.
In Ipoh, Sultan of Perak Sultan
Nazrin Shah performed prayers
with about 1,500 of the faithful at
Masjid Sultan Azlan Shah which
was led by principal imam Mohammad Ngifni Abdul Basir.
The Malaysian Consultative
Council for Islamic Organisation
and Turkey Wakaf Foundation also
held a Qurban Untuk Ummah at
Surau Al Qomar, which was attend-
5.98
ed by about 1,000 Rohingya refugees

living here.
In Melaka, Yang di-Pertua Negeri
Tun Mohd Khalil Yaakob together with state executive committee
(Exco) members and senior government officers performed prayers at
Masjid Al-Azim, Bukit Palah, with
thousands of fellow Muslims.
In Shah Alam, Sultan of Selangor Sultan Sharafuddin Idris Shah
prayed with about 4,000 Muslims
at Masjid Tengku Ampuan Jemaah
here, which was led by the imam of
Masjid Sultan Salahuddin Abdul Aziz
Shah, Sheikh Abdul Karim Al-Fattani. Tengku Permaisuri Selangor
Norashikin, Menteri Besar Datuk Seri
Mohamed Azmin Ali, State Secretary
Datuk Mohd Amin Ahmad Ahya and
Selangor Mufti Datuk Seri Mohd
Tamyes Abdul Wahid also prayed
at the same mosque.
In Seremban, 2,000 Muslims attended prayers at Masjid Negeri,
which was led by acting imam besar
Mohd Nidzar Nor Mohamad.
In Johor, Tunku Mahkota of Johor Tunku Ismail Sultan Ibrahim
prayed with about 2,500 people at
Masjid Pasir Pelangi.
With him were Menteri Besar
Datuk Seri Mohamed Khaled Nordin, Johor Royal Council head Datuk
Abdul Rahim Ramli, State Legislative
Assembly Speaker Tan Sri Mohamad
Aziz and state Exco members.
In Kuantan, thousands overwhelmed Masjid Negeri Sultan Haji
Ahmad I for prayers led by Imam
Mohd Khalil Mohd Zari Al-Hafiz.
In his sermon, Imam Besar Mohd
Fadzli Mat Saman urged Muslims to
delve into the meaning of sacrifice
and be thankful for the blessings that
the country has received.
In Kota Baru, Tengku Mahkota
of Kelantan Tengku Muhammad
Faiz Petra performed prayers with
more than 5,000 people at Masjid
Muhammadi. With him were Tengku Temenggong of Kelantan Tengku
Muhammad Rizam Tengku Aziz,
Kelantan Menteri Besar Datuk Ahmad Yakob and International Trade
and Industry Minister Datuk Seri
Mustapa Mohamed. Bernama
128.98
14 H O M E
Students mental health

cause for worry experts
One in five individuals in 2016 suffers from it
KUALA LUMPUR: Health ministry
statistics reveal a worsening state
of mental health problems among
Malaysian students, from one in
10 individuals in 2011 to one in
five in 2016.
Experts cite anxiety and depression as the main causes of mental
health problems among students,
although the influence of drugs
could be a factor.
Dr Mohd Suhaimi Mohamad,
a mental health specialist at Universiti Kebangsaan Malaysia, said
a prolonged state of mental health
problems could make students become withdrawn, suffer from schizophrenia and develop the inclination to commit suicide.
Referring to the causes, Dr Mohd
Suhaimi, who heads the universitys Social Work Programme, said
anxiety developed from trauma,
emotional disorders such as bulimia, developmental disorders such
as hyperactivity as well as behaviourial disorders and severe stress
due to family problems.
In a state of restlessness, a student would normally experience
Makeover in store
for peacekeepers
BEIRUT: The defence ministry is
planning to replace the outfit and
accoutrements of the countrys
peacekeeping mission (Malbatt)
in stages to suit current conditions.
Deputy Minister Datuk Seri
Mohd Johari Baharum said Malaysia
took the welfare of personnel and
officers serving abroad seriously.
The outfits and accoutrements
such as boots, beds, bulletproof helmets, jackets, weapons and so on
have been worn by personnel and
officers since Malbatt 1, about nine
years ago.
We will endeavour to provide
them with assets similar to those
of other countries. They are a special force after all and their outfits
should appropriately be on a par
with other countries, he said.
He said the existing assets would
be brought back to Kuala Lumpur for
testing to determine whether they
were still durable and usable.
Otherwise, we may have to find
new ones that are more resistant
and can withstand conditions at the
locations of deployment, he told
Bernama and RTM journalists while

visiting the Malbatt camp in Tibneen
here late on Sunday, where 200 personnel and officers are serving.
Accompanying him were the
ministrys deputy secretary-general (management) Datuk Mohammad Foad Abdullah and Malbatt
850-3 commander Colonel Reizal
Arif Ismail.
Mohd Johari said he would personally monitor and ensure from this
year onwards that the assets provided to Malaysias peacekeeping team
were of good quality and standard.
On the environment in the areas
of deployment including Malbatt
Marakah camp which is considered peaceful, he emphasised that
the aspect of security must be given serious attention, as anything
can happen in the wink of an eye.
Mohd Johari has been in Beirut
since last Wednesday with 215 personnel and officers of the first Malbatt
850-4 group led by Colonel Nazim
Mohd Alim to assess the preparedness and operation of the countrys
peacekeeping mission. Bernama
37 injured after bus

overturns on KLSeremban Expressway
KUALA LUMPUR: A tour bus skidded and overturned at KM5.8 of
the Kuala Lumpur-Seremban Expressway yesterday, injuring 37 of
the 44 passengers.
The accident happened at about
9am when the bus was going from
Ampang to Puchong, said a spokesman for the Fire and Rescue Department.
All the injured passengers were
sent to Kuala Lumpur Hospital, Uni-
versiti Kebangsaan Malaysia Hospital and Serdang Hospital, he said.

He said firemen rushed to the
scene from the Sungai Besi, Taman
Desa and Bukit Jalil fire and rescue
stations after the department was
summoned at 9.37am. Bernama
Police controlling trac at the
scene of the accident yesterday
morning. Photo by Bernama
heavy sweating at all times and a

pounding heart, inability to sleep at
night and insomnia that could take
a toll on his or her health if these
were to prolong, he said.
Depression, on the other hand,
makes an individual isolate himself
or herself from others, Dr Mohd
Suhaimi said, adding that the signs
of extreme depression were sudden
mood changes that led to extreme
anger.
Dr Mohd Suhaimi did not rule
out the possibility of mental health
problems stemming from the pres-
sure from parents for their children

to excel in the academic field.
Dr Mohd Suhaimi said that once
a child was diagnosed to have a
mental health problem, treatment
could be administered through biopsychosocial methods with an individual interacting with the patient
so that the latter did not feel isolated
and did not act aggressively.
Parents should extend support
and encouragement to children
with mental health problems to
prevent the condition from worsening, he said. Bernama
Penang police heighten

security over IS threat
GEORGE TOWN: The police have
enhanced security measures at all
public places in Penang as a precaution against the threat of terrorism by Islamist State (IS) militants,
said Penang police chief Datuk Abdul Ghafar Rajab.
He said the police had identified
a number of places that were being targeted and were conducting
constant surveillance there.
The police were fully prepared
to foil any attempt by IS to stage a
terror attack in the state, he said.
We are ready to face any possibility and will not stop [our surveillance] until the threat is over,
he said at an Aidiladha celebration
in the north-eastern district here
yesterday.
Deputy Inspector-General of
Police Tan Sri Noor Rashid Ibrahim
had said previously that the police
had stepped up a nationwide alert
to thwart any attempt by IS militants to disrupt the Malaysia Day
celebrations on Friday.
He had said that the police were
not ruling out the terror threat following the arrest in Kuala Lumpur,
Selangor and Pahang of three suspected IS militants who had intended to launch attacks on Aug 30, the
eve of National Day.
Abdul Ghafar called on the public to inform the police of any suspicious activity they believed pose
a threat to national security.
He also said that the police
would extend the remand of the
South African national who was
arrested on Sept 3 at the Penang international airport with 60 capsules
of cocaine valued at RM267,300 in
his stomach.
We will ask the court to extend
our remand for another seven days
to obtain additional information
from him as it is believed he has
links to drug operations in this
country, he said.
The investigation papers had
been completed and would be
handed over to the Attorney Generals Chambers, he added.
The case is being investigated
under Section 39B of the Dangerous Drugs Act 1952 which provides
for the death sentence upon conviction. Bernama
Taipei aims for

20% increase in
Malaysian tourist
arrivals this year
TAIPEI: The Taipei city government
aims to record a 20% year-on-year
growth in Malaysian tourist arrivals
by year end, up from 370,000 in 2015.
Information and tourism commissioner Yu-Yen Chien said of the
430,000 Malaysians who visited
Taiwan last year, 370,000 visited
Taipei, the countrys capital.
We believe there is huge potential in the Malaysian tourism market, especially among the Muslim
population, she told reporters at
a media briefing here yesterday.
Chien said the local government
is also looking at increasing the
number of halal restaurants and
hotels to 36 by end-2016, up from
the 29 recorded in the first half of
the year.
Last year, a famous bakery with
150 years of history spent more than
one million new Taiwan dollars to
develop its halal-certified production line, she added.
We believe there is
huge potential in the
Malaysian tourism
market.
The bakery at present produces halal pineapple cake, a famous
Taiwanese delicacy, and green
bean cake.
Halal products in Taiwan are certified by the Chinese Muslim Association and Taipei Grand Mosque.
Chien did not rule out the Taipei city government cooperating
with market players to add a halal
section in convenience stores in
the near future.
The number of Malaysian tourist arrivals is at present quite small.
This is when compared with about
10 million in annual international
tourist arrivals that we record on
average.
If the number grows, we will
actively engage with the industry
players to cater to the halal need.
This is besides adding more Muslim-friendly facilities.
Currently, there are Muslim
prayer rooms in Taipei City Hall
and at the Taipei main train station, she said. Bernama
COMMENT 15
Opec to Trump adviser: No chance

Fundamental change in Saudi Arabias view of its role in the world of oil remains
nergy adviser to Donald

Trump, chief executive
officer of Continental Resources, Harold Hamm
has history with Opec.
Back in 1999, he led
a group of independent US oil producers calling on the government to
impose duties of as much as 240%
on crude oil imports from a number
of Opec countries, and Mexico too,
for good measure. He claimed the
producers were selling their oil in
the US at unfairly low prices: WTI
(West Texas Intermediate) crude oil
had fallen to as little as US$10.35 a
barrel in December 1998.
A little more than a month ago,
Hamm told Bloomberg Businessweek that the downturn in oil prices
over the past two years which
saw WTI fall to a low of US$26.05
(RM107) a barrel had made Opec
irrelevant.
Victory at last? Well, maybe not.
Just last week, in an interview with
the Financial Times, he called on
the now irrelevant Opec, and
Russia, to ride to the rescue of the
US shale oil industry, saying it was
high-time for them to agree on
a freeze in production in an effort
to raise prices.
Hamms call is unlikely to be
heeded.
Opec members are undoubtedly being hurt by the dramatic
fall in the price of oil that began in
the middle of 2014 and has lasted
much longer than almost anyone
anticipated.
Venezuela is teetering on the
brink of economic and social collapse. Libya has fragmented into

a group of city-states with feuding
militias. Sabotage has soared again
in the swamps of Nigerias oil-producing heartland. Saudi Arabia is
dealing with conflicts on both its
southern and northern borders,
with regional rival Iran supporting
the opposing side in both cases.
While all of these tribulations
have causes that go beyond the
fall in oil prices, they are all aggravated by the drop in revenue that
the oil price collapse has caused.
With their incomes squeezed,
governments have less money to
head off social unrest.

So why would Opec and Russia
not come together to freeze production? Surely it is in all their best
interests.
That may be true in the short
term. In the long term, that is far
from clear at least for big, low-cost
producers in Opec who have traditionally borne the brunt of the
groups supply management (see
chart Cheap Oil).
The refusal by Saudi Arabia in
November 2014 to continue in the
role of the worlds swing producer
was not a knee-jerk reaction to the
slide in oil prices that had begun
parent willingness to contemplate

a freeze is always couched in terms
of an agreement involving all producers.
Saudi Arabia is not alone in its
position. Speaking at an industry
conference in Singapore last week,
National Iranian Oil Company director for international affairs Mohsen Ghamsari said that oil production should shift to low-cost
areas like the Persian Gulf. Iran,
like Saudi Arabia, is unwilling to
contemplate an output freeze.
As long as these two arch-rivals
agree on the supremacy of low-cost
oil producers, there can be little incentive for them to throw a lifeline
to their higher-cost rivals.
And what of Russia? Although
Energy Minister Alexander Novak
says his country is ready for an oil
freeze, he has also said that it is up
to Opec members to agree among
themselves first and then present a
proposal to Moscow. Meanwhile,
Russias oil production jumped
above 11 million barrels a day in
the first week of September.
Whatever you hear in the next
couple of weeks, do not expect the
informal gathering in Algeria on
Sept 27 to deliver an output freeze
that will impose any real restriction
on the volume of oil reaching the
market from Opec members or
anybody else. Bloomberg
some five months earlier. It was a

wholesale reassessment of how the
oil market should work: No longer
would the producers of cheap crude
limit their supply in order to artificially raise the price. Here is what
erstwhile Saudi Oil Minister Ali
Al-Naimi said in March 2015: It
is not the role of Saudi Arabia, or
certain other Opec nations, to subsidise higher-cost producers by
ceding market share.
No matter how often the prospect of an output freeze is raised,
that fundamental change in Saudi This column does not necessarily
Arabias view of its role in the world reflect the opinion of Bloomberg
of oil remains. The kingdoms ap- LP and its owners.
The three most important words? I dont know

BY B A R RY RI T HOLTZ
I dont know what is going on at

Theranos. I never had a clue.
I may be one of the few willing to
admit it. This is a problem in both
the technology and investment
communities the simple inability
to say I dont know.
There is plenty of evidence that
many folks who claimed to understand the company and its founder putting lots of money at risk
while giving the company a multibillion-dollar valuation did not
have a clue either. The venture capitalists who funded this unicorn
were unable to admit this. That
blind spot is the focus of our attention today.
If you have read my musings
before, you probably noticed a
few themes that come up now and
again: behavioural economics, the
simple reality that no one really
knows what the future will hold, the
excessive costs and all too frequent
underperformance of alternative
investments. The Theranos story sits
squarely in the middle of all that.
Recall our earlier discussion
of how the narrative at Theranos
failed. A biotech start-up whose
young founder, Elizabeth Holmes,

was afraid of needles, drops out
of Stanford at age 19 to commercialise a blood test that relied on a
finger prick instead of the dreaded needle to draw blood from a
vein. So brilliant and innovative, a
wonderful tale! Accolades follow,
and she becomes the youngest
person ever to win the Horatio
Alger Award. Despite her obvious lack of medical or scientific
training, she is appointed to the
board of fellows at Harvard Medical School. Time magazine names
her one of the worlds 100 most
influential people. Her company
is valued, however briefly, at US$9
billion (RM36.99 billion), and she
becomes the youngest self-made
female billionaire in the world.
That all seems so long ago.
I find it hard to believe, given all
we now know, that not a single person, group or organisation behind
these awards, tributes, fellowships
and venture-capital funding did
anything to check out the story. A
fair guess is that many were relying on the next guys work when
evaluating the company and its
founder. But when everyone is relying on third-party validation, and
no one is actually doing the heavy

lifting, an entire company built on
nonsense could easily slip through
the cracks. In the post-Madoff era,
it amazes this casual observer that
such a thing could still occur.
I have been nursing my own
simple theory for the crash and
burn at Theranos. It is a function
of the quirks of the human brain
and our own psychology and insecurities.
My thesis is based on this simple
formula: New technology + venture-capitalist claims of expertise
= no one willing to admit they do
not understand what is going on.
Let us break that down so folks
can understand the components,
and how they combine to create an
environment ripe for error.
It is an obvious truth of the
modern era: Technology progresses so fast that no one can possibly
keep up with all of it. This includes
professors at Harvard, investors
in Silicon Valley and everyone either geographically or technically
in between. Changes are simply
too fast, too complex, too broad
and too specific for venture capitalists (or anyone else) to keep
up with all of them. Sure, a ven-
ture investor can specialise, but

that limits the ability to find and
fund deals; besides, any one area
can be hot for a while, and then
cool off*.
It is more than just not wanting
to look stupid; successful venture
investors cultivate an air of not only
understanding the technology, but
knowing where it is going in the
future. That kind of reputation is a
handy thing for a venture capitalist
to have. Whether it reflects reality
is almost beside the point; what is
important is that founders, bankers, employees, and the tech press
believe you have the gift.
Have we not seen this before?
Of course we have. Let us go back
to an earlier era, when Enron was
riding high, before the gigantic energy trader turned out to be one
big accounting fraud. The companys chief executive officer, Jeffrey
Skilling, used to berate analysts
who questioned the companys
business model, telling them they
were too stupid to get it. The same
could be said of Bernie Madoff,
whose multibillion dollar Ponzi
scheme, had it been legitimate,
would have required several times
the number of equity options that
actually existed in the world.

The basic lesson here is that
when people are too embarrassed
to say I dont know, bad things
happen.
It is a shame that the Theranos story did not check out. Perhaps the promise of the technology, and the personal appeal of
its founder, led to a lot of wishful thinking on the part of all involved. The unwillingness to admit error is a consistent problem
for investors really for everyone. We need to get over it.
* Just consider all the different tech sectors and subsectors:
Biotech, telecom, graphene and
nanotech, software, autonomous
vehicles, 3-D printing, materials
sciences, genomics, robotics, networking, semiconductors, drones,
synthetic biology, quantum computing, automation, artificial intelligence, big data and cloud computing.
This column does not necessarily
reflect the opinion of the editorial board or Bloomberg LP and its
owners.
16 FO CU S

Manufacturing dependent on low-cost labour not sustainable without further investment upgrade
BY C H I D U NA RAYA N A N
Chart 1: Equipment and non-electronics manufacturers keen on Asean

How do you respond to labour shortages? % of respondents
Highlights
Our survey of 290 manufacturing companies in the Pearl River Delta (PRD)
reveals a persistent labour shortage in
China. Corporates expect an average
wage increase of 7.7% in 2016, while
margins remain low. This, combined
with external headwinds due to weak
global demand, presents a challenging
outlook for manufacturers.
One in two clients prefers investing
more in automation and streamlining
processes to tackle labour shortages.
Respondents are also increasingly opting to relocate production: 30% want
to move, preferring inland China and
offshore destinations in Asean, such as
Vietnam and Cambodia.
Asean with its lower wages, abundant
labour and rising middle-class affluence
is well-positioned to benefit from the
PRDs shift up the value chain towards
high-end manufacturing and services.
Investment in infrastructure and technology, along with a focus on improving ease of doing business, will be the
key for Asean to take over from China
as the worlds next manufacturing hub,
in our view. Embracing technology as
a potential disruptor in improving productivity would help keep the region
ahead of the curve.
Asean is set to become the worlds next
manufacturing hub, in our view, as China
continues its transformation into a more services-oriented economy. Asean benefits from
an ample supply of cheap and good-quality
labour. Furthermore, the regions high economic growth and rising middle class offer
manufacturers opting to relocate from the
PRD an opportunity to capture a share of its
large and growing consumer market.
We believe Vietnam in particular is in a
sweet spot to gain from this trend, given its
mix of a cheap and educated labour force, a
large and growing working-age population
and an increasingly affluent middle class.
Asean countries need to focus on continued infrastructure investment and the
removal of bottlenecks to encourage foreign direct investment (FDI), in our view.
Low-skill, repetitive jobs, which are more

likely to move to Asean, are also prone to
replacement by programmed machines and
engineering advancements. Automation and
robotics will help drive Chinas move up the
manufacturing value chain; we think Asean
should learn from Chinas experience and
embrace this trend sooner rather than later.
China through the PRD lens
We conducted our seventh annual survey
of PRD manufacturers between February
and March 2016, with responses from close
to 290 Hong Kong-based and Taiwan-based
manufacturers operating in the PRD.
It is through the PRD lens that we get a
glimpse of Chinas ongoing economic transition. Higher wages are an integral part of
the countrys structural shift towards a consumption-driven, services-oriented growth
model. Wage increases can also be justified
and absorbed by productivity growth. The
likelihood of nominal wages increasing almost 8% on average this year similar
to last year should, therefore, be good
news, although it comes at the expense of
manufacturers.
Our survey shows that persistent wage
pressure will likely further compress manufacturers margins.
Respondents also generally expect to benefit from the Belt and Road and Made in
China 2025 initiatives.
Chart 2: Asean is attracting more investment

% of total FDI in Asean
Gauging the challenges, starting

with wages
On the face of it, wage growth pressure has
barely eased despite a slowing economy. Our
respondents say they are raising (or planning to raise) wages by 7.7% on average in
2016, close to last years 7.8%. This is, however, down from increases of 8.1% in 2014 and
8.4% in 2013. Wage expectations are coming
off at a faster rate, with 2016 being the first
time that current-year wage expectations are
lower than the prior years actual increase.
This suggests increasingly cautious sentiment
among employers.
The PRD is still facing a labour shortage, which
is keeping wages well supported.
Tackling the challenges
We have long argued that a labour shortage
and wage pressures can be positive for an
economy if they force the right behavioural
changes at the micro level. Companies willing to invest in improving their cost structure
and competitiveness can benefit from new
opportunities. Manufacturers who prefer to
move production overseas are also a minority. Thirteen per cent of respondents choose
this option, with Vietnam and Cambodia once
again the most favoured destinations as in
prior years. We believe these choices indicate that companies considering relocating
from China are mostly low-end producers in
sectors such as textiles and garments. These
top overseas destinations also happen to offer

the biggest advantage over the PRD in terms
of better labour supply.
The CLMV (Cambodia, Laos, Myanmar and
Vietnam) region, being the up-and-coming
provider of low-cost production, is also the
likely main beneficiary of Chinas Belt and
Road initiative, and is eager for funding to
upgrade its transport and power infrastructure.
We asked our respondents how much they
would save with the given cost-saving options.
Unsurprisingly, moving capacity to places like
Vietnam and Cambodia saves the most on
wages: Almost 40% of respondents planning
a move see savings of 20% or more, over twice
as much (in terms of proportion of responses)
as for other options. Automation is the second
highest, with 19% respondents expecting savings of 20% or more. We think the strong inclination to automate is an encouraging sign
that Chinas much-needed industrial upgrade
is well underway.
Asean poised to benet
Relocating capacity outside China as manufacturing becomes more expensive in the
PRD has become increasingly attractive over
the years. While only 9% of clients were keen
on moving their operations out of China in
2013, over 13% of respondents this year say
they are keen on this option. Overall, the option to move capacity out of China has been
the only increasingly preferred option in the
past few years.
Asean has consistently topped the list of
preferred destinations among our clients who
have expressed keenness to move their manufacturing operations out of China. Almost 80%
of respondents prefer Asean as their manufacturing base, in line with responses in the past
several years. As Chinas manufacturing sector
becomes saturated, Aseans is likely to grow.
Asean is likely to benefit from comparatively
low wage costs and abundant labour supply
in the next 20 years.
Within Asean, Vietnam and Cambodia
consistently stand out as the destinations of
choice. Forty-two per cent of respondents who
prefer to move manufacturing out of China say
they would move to Vietnam, a significant increase from the already-high 36% in 2015; 25%
choose Cambodia; 7% choose Bangladesh;
and 3% India, a drop from 2015.
Semiconductor-equipment and non-electronics manufacturers among our survey respondents favoured moving out of China
(Chart 1).
The biggest attraction of moving production
overseas, particularly to Asean, is the availability of better labour supply, both in terms
of quality and quantity. This is the most-cited reason for moving out of China, to both
the Asean region as a whole and to Vietnam
and Cambodia individually. In addition, our
respondents cite attractive tax incentives and
other non-wage business cost savings such
as lower rents, land acquisition costs and energy costs as key positives.
In addition to low operating and labour
costs, the Mekong region offers a large and
growing consumer market. The 10 Asean countries have a combined gross domestic product
(GDP) of over US$2.4 trillion (RM9.86 trillion);
as a single bloc, Asean is the worlds eighth-largest economy and third-most populous market
(after China and India).
On the flip side, the regions lack of well-developed infrastructure remains a major hurdle
for companies to move to Asean. One in four
respondents keen on moving out of China
cites this as a major concern. Poor infrastruc-
FO CU S 17
ture is also likely to be a key reason for several

corporates not considering moving out of
China as a viable option. We maintain that
infrastructure development is critical for the
region; without strong infrastructure, Asean
economies will find it difficult to achieve their
potential as an economic bloc comparable
with China, in our view.
Asean set to outperform in the next
20 years
Asean countries are likely to become more
attractive as they continue to invest in infrastructure, both physical and in terms of ease
of doing business. Several Asean countries
already performing well in the international
rankings on business conditions. Given these
advantages, we expect Asean to become a more
important global exporter in the coming years.
We believe Vietnam, in particular, is poised
to become among the biggest beneficiaries
of Chinas move up the manufacturing value
chain, as it combines the key attributes of ample
availability of cheap labour and a growing affluent population with geographical proximity
to China. Further infrastructure development
across Asean is crucial to removing bottlenecks
and attracting more FDI, in our view.
The Asian Development Bank estimates
that Asean countries spent only 4% of GDP on
infrastructure as of 2014, down from an average of 6% from 1980 to 2009. Although there
is no specific optimal level of infrastructure
spending, we think 5% to 10% of GDP is conducive to higher long-term growth.
As FDI shifts to Asean from China, Asean
may catch up with Chinas current status as
the worlds top exporter.
In addition to low costs and abundant labour supply, Asean boasts high growth, a young
workforce and an attractive investment climate.
Some Asean economies (particularly Singapore,
Malaysia and Thailand) perform well in international rankings, such as the World Banks
Ease of Doing Business and the World Economic Forums Global Competitiveness Index
(Chart 3). The rest have potential to improve.
Asean overtook China in terms of inward
FDI in 2013. While this is mostly concentrated in Singapore, other Asean economies will
likely command a bigger share of FDI in the
coming years (Chart 2). Most FDI goes into the
manufacturing sector, reflecting the regions
positive attributes for investment in manufacturing facilities (Chart 4).
Manufacturing capabilities vary across
Asean currently. The CLMV region and Indonesia provide low-cost production. Malaysia,
Thailand and the Philippines have expertise
in mixed manufacturing and electronics. Singapore has high value-added manufacturing
expertise and strong intellectual property rights
protection. To capitalise on its manufacturing
capabilities, Asean needs to achieve better integration. In addition to infrastructure links, a
common regional framework for investment
regulations would make it much easier for
Chart 3: Global Competitiveness Index, 2014-2015

Scores are on a scale of 1 to 7; economies ranked according to overall score
Chart 4: Manufacturing sector is the main beneciary of FDI in Asean

% of FDI
companies to adopt a pan-Asean strategy,

with operations located across the region. Regional trade deals like the TPP and the RCEP
open up significant new markets for Asean.
The emergence of the Asean Economic Community (AEC) should help cement ties among
the local economies and better integrate the
regional output.
Much focus is centred on the TPP, a mega
regional FTA negotiated among 12 countries,
of which four are from Asean.
Within the TPP partners, Vietnam could
be the biggest beneficiary. According to the
World Bank, the TPP could boost Vietnams
GDP by 10ppts by 2030, the biggest gain among
all members.
Technology could be a major disruptor
The availability of cheap and plentiful labour
is the biggest reason firms are motivated to
move to Asean. This is not sustainable, however, as labour is not likely to remain cheap in
these countries forever. An even bigger threat
comes from the increasing use of technology in
manufacturing. Almost 50% of our respondents
already choose investment in automation as
their preferred way to tackle the rising labour
shortage. Technology is set to become a major disruptor in manufacturing, in our view.
Chart 5: Taiwan clients are less positive on Chinas Belt and Road
and Made in China 2025 initiatives
Number of respondents
Mundane and repetitive jobs, particularly

in low-skill manufacturing, are prone to replacement by programmed machines and
engineering advancements. The International
Labour Organization estimates that 86% of all
current jobs in Vietnam in textiles, clothing and
footwear are at high risk of being replaced by
automation; this is slightly lower than 88% for
Cambodia, but higher than 64% for Indonesia.
Vietnam the emerging alternative
Taiwan corporates appear generally positive
about Vietnams growth prospects, we learned
during our recent visit to eight Taiwan manufacturers with production facilities in the
Binh Duong and Dong Nai provinces near Ho
Chi Minh City. We visited mainly export contract manufacturers of international brands
in household furniture, footwear, textiles and
garments, chemical materials, travellers bags,
and screws and fasteners. All eight producers
indicate that they either increased investment
in the past year and/or planned to further
expand production capacity in the next 12
months, as they expected revenues and/or
margins to improve in the next few years.
Our Taiwan clients optimism about Vietnams outlook is consistent with the latest results
of our 2016 PRD manufacturers survey. More
than 45% of Taiwan manufacturers we polled
are generally optimistic about Aseans outlook,
three times the 15% who are not optimistic. Importantly, Vietnam stands out as the top choice
of destination to move production capacity out
of China; this is unsurprising, as Vietnam has
seen a surge in FDI from Taiwan in recent years.
Vietnams continuing efforts to actively participate in and integrate into global/regional
trade are also a major lure for many Taiwan
corporates looking to invest there. Indeed,
all our eight Taiwan clients indicate varying
degrees of tariffs and/or duty-free advantages for exports to the European Union due to
the Generalised System of Preferences. This
is likely to be further enhanced by Vietnams
membership of the TPP. Coupled with the continued clustering of key supply chains, several
of our Taiwan clients especially in garments
and textiles, and footwear believe Vietnam
will be a choice destination for many Taiwan
export manufacturers seeking an alternative
production base outside China. Our Taiwan
clients optimism about Vietnam also reflects
doubts among Taiwan investors about the
potential benefits from Chinas recent Belt

and Road and Made in China 2025 policy
initiatives, according to the results of our 2016
PRD manufacturers survey (Chart 5).
Some concerns
Vietnam will have to further upgrade its infrastructure if the economy is to continue to
benefit from rising FDI and surging external
trade. Nearly all our Taiwan clients mention
that handling capacity at major cargo terminal remains adequate. Their main concerns
are increasingly common congestion at the
terminals and a longer custom clearance period in peak seasons and around major public
holidays, causing disruptions to production
schedules and/or delayed shipments.
The clustering of supply chains in key industrial parks and nearby areas is beginning
to result in constraints on some key resources. For example, our Taiwan clients located in
Dong Nai province mention that it is less easy
to find workers than previously.
Rapidly increasing wages, albeit currently
low, are also highlighted as a general concern.
According to our clients, wages have been
rising by about 10% to 15% per year. Wages
in Vietnam remain manageable currently,
compared with regional competitors. An average manufacturing worker in Vietnam earned
about US$185 per month, according to a Japan External Trade Organization 2015 survey.
This puts Vietnam roughly in the middle of the
regional wage spectrum. Wages increased by
about 10% in 2015, broadly in line with our
clients feedback of between 10% and 15%.
Clients are not yet overly concerned about
the level of wages, suggesting that it is still profitable to be based in the country. However,
Vietnam will also need to eventually move up
the value chain to justify higher wages. Using
Malaysia as a guide and assuming wages in
Vietnam and Malaysia rise about 10% and
5% per year, respectively, Vietnam will reach
Malaysias wage levels in about 11 to 12 years.
www.sc.com
Chidu Narayanan provides macroeconomic
coverage of Asia, focusing on Vietnam, Australia and New Zealand for Standard Chartered
Global Research. Standard Chartered would
like to acknowledge the contributions of Jonathan Koh to this report.
18 H O M E B U S I N E S S
WEEK
IN FOCUS
1
Mah Sing Foundation chairman Datuk Syed Norulzaman

Syed Kamarulzaman (extreme
right) presenting a mock cheque
of RM100,000 to Kuen Cheng
High School principal Gooi
Swee Gaik and board member
Chow Sow Fong in Kuala Lumpur on Sept 7. Sekolah Jenis Kebangsaan Cina Pin Hwa 2 was
also a recipient of RM100,000.
The contributions are to aid the
schools redevelopment plans
that will see the expansion of
the schools compounds.
Mercedes-Benz Malaysia
vice-president Mark Raine posing with the Mercedes-Benz new
generation CLA, a four-door premium Coup in the mid-size
segment, in Singapore on Sept 9.
AIRASIAS FIRST A320NEO ... (From left) Airbus executive vice-president (VP) for strategy and marketing Kiran Rao, AirAsia Bhd chief executive ocer Aireen
Omar and CFM International VP Airbus programmes Bruno Castola posing in front of AirAsias rst A320neo AirAsia at a dedication ceremony in Hamburg, Germany on Sept 7.
Deputy Minister of Plantation

Industries and Commodities
Malaysia Datuk Datu Nasrun
Datu Mansur (centre) officiating
at the 8th International Rubber
Glove Conference and Exhibition at the Kuala Lumpur Convention Centre on Sept 7.
Allianz Life chief executive officer Joseph Gross (second from

left), Seamonkey Dive Centre
representative Adidah Hitam
(third from left) and Afterburn
Studio personal trainer Subash
Adrian (extreme right) seen here
in Kuala Lumpur on Sept 1 with
Zurina Omar (extreme left), Jordan Lo Jo Zheng (third from
right) and Umadevi Vengdesh
(second from right) all Malaysians who are on the brink of
fulfiling their #AllianzDare2bHealthy campaign resolutions.
(From left) AmFunds Management Bhd (AmInvest) senior

vice-president of retail and retirement funds Alex Tan Cheng
Leong, chief investment officer
of equities Andrew Wong and
equities fund manager Selina
Yong at a media briefing in Kuala
Lumpur on Sept 7. Photo by
Patrick Goh
W O R L D B U S I N E S S 19
Fiscal, rule reforms

needed to boost growth
Feds Kashkari says scope for low interest rates alone to do so is limited
BY M AT T H E W B OESL ER
NEW YORK: The US government

should consider fiscal and regulatory reforms to boost economic
growth because the scope for low
interest rates alone to do so is limited, said Federal Reserve (Fed)
Bank of Minneapolis president Neel
Kashkari.
We are likely seeing a confluence of three fundamental causes
all combining to slow the economic
recovery: i) challenging demographics; ii) psychological scarring from
the crisis; and iii) lacklustre technological innovation. Unfortunately,
these headwinds arent likely to
reverse anytime soon on their own,
Kashkari wrote in an essay posted
yesterday on the website Medium.
Monetary policy is largely doing
what it can to support a robust re-
covery, and what remains are fiscal

and regulatory policies.
The Minneapolis Fed chief said
investing in infrastructure while
borrowing costs are still near record
lows, simplifying the tax code and
making it more consumption-oriented, and reducing the regulatory
burden on businesses are policies
with little downside risk.
Kashkari also questioned the
wisdom of raising the Feds inflation target to provide more stimulus a strategy floated last month
by San Francisco Fed chief John
Williams among other suggestions
to spur growth saying such a
move carries significant downside risks.
The US central banks policy-setting Federal Open Market Committee (FOMC) meets on Sept 20
to 21 to discuss its target range for
overnight interest rates, which has

been left unchanged at 0.25% to
0.5% since a hike in December
that marked the first in nearly a
decade. A slowdown in economic growth, sluggish inflation and
increased uncertainty about the
outlook have so far prevented another move.
Kashkari, an FOMC participant
who does not vote on decisions
this year but will next year,
suggested there may
be little scope for
an additional cyclical stimulus
stage in the business cycle, and
Kashkari: Monetary
policymakers
policy is largely doing
should instead
what it can to support
focus on longera robust recovery, and
term solutions.
what remains are scal
Bloomberg
and regulatory policies.
Photo by Reuters
Hanjin says more

vessels to unload
at Long Beach
after ruling
Starbucks new tea line chases

Chinas 63.2 billion yuan market
BY R ACHEL CHANG
BY K Y U N GHEE PA RK
& JI YEU N L EE
SEOUL: Beleaguered South

Korean container line Hanjin Shipping Co said yesterday
more vessels are in line to unload cargo at Long Beach port
in California after a US court
last Friday granted bankruptcy protection, easing a gridlock that disrupted delivery
of goods.
Three more Hanjin ships
were waiting at the port to
clear their freight once Hanjin
Greece, which was offloading,
cleared early yesterday local
time, Hanjin said in response
to a query.
After roiling the global supply chain for more than a week
since the company applied for
court receivership on Aug 31,
Hanjin Shipping won some respite over the weekend after its
biggest shareholder, Korean
Air Lines Co, agreed to inject
60 billion won (RM221 million) to help pay for handling
charges at ports.
Together with the US bankruptcy courts decision, this
means Hanjin vessels can dock
and unload some of the estimated US$14 billion (RM57.54
billion) of goods for companies
including Samsung Electronics
Co and Nike Inc that have been
stuck during the peak shipping
period ahead of the US Thanksgiving and Christmas shopping
season. Bloomberg
SHANGHAI: Starbucks Corp plans

to increase its global tea business
to US$3 billion (RM12.33 billion)
over the next five years as it starts
selling its new line of tea drinks,
known as Teavana, across the AsiaPacific region from yesterday following the products entry in China last week.
China is Starbucks fastest-growing market and the Seattle-based coffee chain is opening 500 stores a year in the worlds
most populous nation, aiming
for a total of 3,400 stores by 2019.
The company is looking to China for growth momentum, honing
in on Chinas 63.2 billion yuan
(RM38.85 billion) tea fixation,
which is almost 10 times bigger
than the countrys coffee market.

Starbucks acquired Teavana,
a line of teas and tea houses, in
2012, and says the drinks have
done well in its US stores.
In China, the much larger market for tea drinkers is growing
at about 6%, roughly the same
pace as coff ee. For Asia, where
tea-drinking is a well-developed
habit, Starbucks had to invent tea
drinks in bolder and more sophisticated combinations to catch
consumers eyes.
With the rich tea culture here,
we couldnt have beverages that
are expected or common, or we
could not give consumers that
feeling of premiumisation and
of being different, Vera Wang,
the companys director for product line innovation in China and
Asia-Pacific, said in an interview

yesterday.
Starbucks may already be late to
the game, with growth in Chinas
tea market slowing to 5.8% last
year, after steadily decelerating
from an 18% growth rate in 2010,
according to data from Euromonitor International.
Tea is, of course, a mature
market in Asia, said Matthew
Crabbe, Mintel Group Ltds head
of Asia-Pacific research. Its been
around for thousands of years
and we saw how rapidly bubble
tea took off among teen consumers across Asia several years ago.
But as those younger consumers
get older, they will trade to something more sophisticated, which
is where Teavana could fit in.
Bloomberg
UK must speed up infrastructure plans BCC

BY LAURA GAR DNER CU E S TA
& WILLIAM JAMES
LONDON: Britains government

needs to speed up its decision-making on big infrastructure projects to
help the countrys economy withstand a slowdown caused by the
Brexit vote, a leading employers
group said yesterday.
The British Chamber of Commerce (BCC) cut its forecast for
economic growth in 2016 to 1.8%
from a previous estimate of 2.2%
and it also downgraded its 2017
and 2018 growth forecasts to
1% and 1.8% respectively.

They (the government) should
start with the long list of business-boosting infrastructure projects that have been put on hold
for far too long including a firm
decision on a new airport runway,
new nuclear investment, and road
and rail schemes, BCC acting director general Adam Marshall said.
Finance minister Philip Hammond said last week that big infrastructure projects would take
too long to deliver an economic
impact to feature in budget plans
he will announce in November, but
he said he could fund more modest

projects if needed.
The prospect of a recession
caused by Britains decision to leave
the European Union has receded
after a rebound in economic data
for August, including a pickup in
consumer confidence. But there
are signs from companies of longerterm drags on the economy.
The BCC said it expected business investment to fall by 2.2% in
2016 and by 3.4% in 2017, a sharp
turnaround from its previous forecasts for rises of 4.5% and 7.4% respectively. Reuters
IN BRIEF
Surprise gain in Japan
core machinery orders
points to capex pickup
TOKYO: Japans core machinery
orders unexpectedly rose for a
second straight month in July,
easing some pessimism over capital expenditure (capex), but worries remain that weak demand
and the yens gains may still discourage companies from boosting investment. Prime Minister
Shinzo Abes government has
been counting on capital expenditure to drive private sector-led
growth, but business investment
has been slow to pick up because
of the uncertain outlook and external headwinds. Cabinet Office
data showed yesterday that core
machinery orders, a highly volatile data series regarded as an
indicator of capital spending in
the coming six to nine months,
rose 4.9% in July from the previous month. Reuters
Alphabet, Sano to
invest US$500m in
diabetes venture
LONDON: Google parent Alphabet Inc and French drugmaker Sanofi plan to invest
about US$500 million (RM2.05
billion) in a joint venture to
tackle diabetes amid forecasts
for the number of people with
the disease to surge. Sanofi is
betting the partnership with
Alphabets Verily Life Sciences
LLC will spur advancements in
the way diabetes is monitored
and treated and help it navigate
an increasingly competitive
market. The venture, Onduo,
plans to combine devices, software and medicine, according
to a statement yesterday from
Sanofi and Verily. Bloomberg
South Koreas forex bank

deposits rise in August
SEOUL: Foreign-exchange (forex) bank deposits in South Korea rose for a third month and
reached a 16-month high in August, central bank data showed
yesterday, as dollar deposits for
investment purposes continued to increase. Total foreignexchange deposits climbed
US$1.11 billion (RM4.56 billion)
from the previous month to
US$67.34 billion at end-August,
the Bank of Korea said, posting the biggest balance since
April 2015. Dollar deposits rose
US$1.18 billion to US$56.92 billion, hitting a record high, while
deposits in the euro and the
yuan fell. Reuters
Global ad spend strengthens on US demand Zenith

LONDON: Spending on global
advertising will grow by a better-than-expected 4.4% this year,
led by the US, a leading forecaster said yesterday. Zenith, owned
by Frances Publicis, raised its
global growth forecast for this
year from the 4.1% it predicted
in June, despite the uncertainty sparked by Britains vote to
leave the European Union. The
advertising agency also raised
its global forecasts for 2017 and
2018, to 4.5% and 4.6% respectively, from earlier forecasts of
4.3% and 4.4%. Reuters
20 WORLD
Clinton, with pneumonia,

scraps California trip
Renews speculation about her health barely eight weeks from election day
BY I VAN COU RONN E
& A N I TA C H A NG B EATTI E
NEW YORK/WASHINGTON:
Hillary Clinton cancelled a California fundraising trip after being
diagnosed with pneumonia and
falling ill on Sunday at a 9/11 ceremony, renewing speculation about
the Democratic presidential candidates health barely eight weeks
from election day.
Secretary Clinton will not be
N Korea ood
death toll rises
to 133 with 395
missing UN
SEOUL: Severe flooding in a
North Korean border region has
killed at least 133 people with
another 395 missing and thousands of homes swept away, the
UN says, after Pyongyang reported great hardship in the area.
Some 107,000 people have
been forced to flee their homes
in the area along the Tumen
River, the world body said in
a statement received yesterday which cited Pyongyang
government figures.
The Norths official media
has described the downpour
which led to the floods near
the northeastern border with
China and Russia as the worst
for decades and said it brought
severe hardship to residents.
It says a nationwide mass-mobilisation 200-day labour campaign intended to bolster the
economy has been redirected to
assist the flood victims. AFP
travelling to California tomorrow

(today) or Tuesday, spokesman
Nick Merrill said, hours after the
68-year-old candidate abruptly left
the Ground Zero memorial in New
York suffering from dehydration.
The incident, in which a wobbly Clinton appeared to lose her
footing as she was helped into
her vehicle, offered Republican
Donald Trump a new opening
to attack his White House rival
with just 15 days before their first
high-pressure presidential debate.

Clinton had been seeking to
bounce back from a blunder last
Friday, when she told donors
that half of Trumps supporters
belonged in a basket of deplorables so Sundays episode was
certainly ill-timed.
The former secretary of state
spent 90 minutes at the ceremony
in lower Manhattan, greeting some
relatives of those killed in the terror
strikes 15 years ago, her campaign
said in a statement. Clinton was a

US senator for New York at the time
of the attacks.
During the ceremony, she felt
overheated so departed to go to her
daughters apartment, and is feeling
much better, the statement said.
Later, the campaign released a
statement from her personal doctor, Lisa Bardack, who revealed that
Clinton had been diagnosed with
pneumonia last Friday and was
suffering from dehydration. AFP
China, Russia to stage military

drills in South China Sea
BEIJING: China and Russia were
to start war games in the South
South China Sea
China Sea yesterday, Beijings
military exercises
defence ministry said.
China and Russia start military drills
The eight-day joint exercises
off the coast of Guangdong province
will include a focus on seizMonday
ing and controlling islands
TAIWAN
CHINA
and shoals, Chinese navy spokesHong
Zhanjiang
Kong
man Liang Yang said in a statement.
They will involve surface
Paracel
Scarborough
ships, submarines, fixed-wing
Islands
Shoal
VIETNAM
aircraft, ship-borne helicopters,
marine corps and amphibious
Spratly
armoured equipment from both
PHILIPPINES
Islands
navies, he said.
Compared with previous
BRUNEI
joint drills, these exercises are
MALAYSIA
deeper and more extensive in
South China Sea claims
terms of organisation, tasks and
Others
China/Taiwan
command he said in the statement, released on Sunday.
Beijings land reclamations
have prompted criticism from tegically vital area to assert the
other claimant countries and the right to freedom of navigation.
US, and Washington has reguThis weeks drills will be carlarly sent warships into the stra- ried out off the coast of Zhanjiang
city in the southern province of

Guangdong.
Their precise location was not
announced, but they do not appear to be taking place in disputed parts of the sea.
They were aimed at strengthening the capabilities of the Chinese and Russian navies in jointly handling security threats on
the sea, navy spokesman Liang
said.
China and Russia have close
military and diplomatic ties. Last
August, the two powers held military exercises in the waters and
airspace of the Peter the Great
Gulf, south of the Russian Pacific city of Vladivostok, involving
22 vessels, up to 20 aircraft and
more than 500 marines.
In May last year, they conducted their first joint naval exercises
in European waters in the Black
Sea and Mediterranean, Chinas
farthest-ever drills from its home
waters. AFP
Pyongyang ready to conduct another nuclear test Seoul

BY H WA NG SU NG- HEE
SEOUL: North Korea is ready to

conduct another nuclear test at
any time, South Koreas defence
ministry said yesterday, just days
after Pyongyang sparked worldwide condemnation with its fifth
and most powerful test.
An additional test could be conducted in a tunnel that branches off
from the second tunnel or in the
third tunnel, where preparations
have been completed, said ministry spokesman Moon Sang-Gyun.
The spokesman declined to
elaborate, citing intelligence matters, but said the Souths military
is on full combat-readiness to respond to further nuclear tests,
ballistic missile launches or land
provocation by the North.

All five nuclear tests have been
conducted at the Punggye-ri site
in the countrys northeast. The initial one in October 2006 was in the
first tunnel and the last four in the
second tunnel, according to Seouls
defence ministry.
In a statement hailing the success of its test last Friday, the North
vowed to take further measures
to increase its nuclear strike force
in quality and in quantity.
The yield from last Fridays test
was estimated at 10 kilotons, almost
twice as much as the one Pyongyang conducted only eight months
earlier.
The North also boasted that
the test was conducted on a
nuclear warhead that could be
mounted on a missile.
The nuclear programmes miraculous successes mean that the
North has not only US bases in the
Asia-Pacific but also the US mainland in its clutches, ruling party
newspaper Rodong Sinmun said
yesterdy.
Should Washington again launch
a war against it, Pyongyang would
blow up the land of America and
thus finally root out the source of
war on the earth.
The UN Security Council agreed
last Friday to start work on new punitive measures, even though five
sets of UN sanctions since the first
test have failed to halt the Norths
nuclear drive.
Sung Kim, the US State Departments special representative for
North Korea policy, said on Sunday

during a visit to Japan that Washington and Tokyo would work closely
to come up with the strongest possible measures.
He also suggested that the US
may launch its own sanctions.
The envoy was to arrive in Seoul
late yesterday and held talks with
his South Korean counterpart, Kim
Hong-Kyun, this morning.
Washington also plans to stage
an overflight of South Korea by two
B-1B Lancer supersonic bombers
as a show of strength, Yonhap news
agency said.
US Forces Korea said the flight
had been delayed a day because
of bad weather and would arrive
today, identifying the planes only
as strategic aircraft. AFP
IN BRIEF
China says tightened
judicial procedures
to protect rights
BEIJING: China has tightened
judicial procedures against illegally obtained evidence and
upheld the presumption of innocence, state media said yesterday. Judicial authorities have
put in place a system to exclude
unlawful evidence and protect
the legitimate rights and interests of criminal suspects, the
Xinhua state news agency reported, citing the State Council,
or cabinet, in a paper it published on legal protection for human rights. China has revised
its Criminal Procedure Law, and
implemented principles, including in dubio pro reo, Xinhua
said, using the Latin term that
generally refers to the presumption of innocence. According
to the cabinet paper, in 2014
the ministry of public security
issued regulations for fitting interrogation rooms and detention
centres with audio and video
recording equipment to prevent
misconduct such as extorting
confessions by torture and obtaining evidence through illegal
means. Other recent reforms
include the enacting of Chinas
first Anti-Domestic Violence
Law, Xinhua said. The steps to
improve legal procedures comes
as President Xi Jinpings administration has tightened control
over civil society, citing a need
to boost national security and
stability. Reuters
Fiji opposition MPs freed

after brazen crackdown
SYDNEY: Fijian police have
released three opposition
lawmakers detained over the
weekend for criticising the constitution in what Amnesty International described as a brazen
crackdown on freedom of expression. Police on Saturday
and Sunday detained leaders
of three opposition parties and
three other organisers and participants involved in a forum on
constitutional reform in the capital of Suva last week. Reuters
Erdogan says mayors

dismissal long overdue
ISTANBUL: Turkish President
Recep Tayyip Erdogan yesterday defended the suspension of
28 mayors over alleged links to
Kurdish militants or US-based
cleric Fethullah Gulen, saying
it was a long-overdue move.
To me, it is a step that came
late. It should have been taken long before, Erdogan told
reporters after prayers at an
Istanbul mosque on the first
day of the Muslim feast of Eid
Al-Adha. AFP
Haj pilgrims reach site

of deadly stampede
MINA (Saudi Arabia): Muslim
pilgrims reached Mina yesterday for the ritual stoning of the
devil, the last major rite of the
annual haj and the scene of
a devastating stampede last
year. A number of safety measures have been introduced to
prevent a repeat of last years
tragedy. AFP
F E AT U R E 2 1
Plane facts
on Samsung
battery crisis
Calls by airlines and regulators to follow
precautions help send its stock down the
most in more than three years
BY DAVI D F I C K L I N G & TI M C ULPAN
or more than a week,

Samsung shares survived reports of its exploding Note 7 smartphone, a worldwide
recall, and news of
the heartbreaking US$1 billion
(RM4.11 billion) bill. Yet calls by
airlines and regulators for passengers to follow somewhat mundane
and obvious precautions helped
send the stock down the most in
more than three years.
That the shares fell yesterday
three times as steeply as the MSCI
Asia Pacific index may perhaps
be explained by the Note 7 incident combining two of the modern worlds most immutable traits:
Smartphones are ubiquitous, and
airline safety is emotive.
Airlines havent been blind to
the risks involved in carrying lithium-ion batteries. The same quality
that makes them indispensable for
electronic consumer goods their
ability to cram impressive quantities of energy into a tiny, light package can also occasionally cause
them to burn at temperatures hot
enough to melt aluminium.
As a result, the United Nations
aviation agency banned the carriage of bulk lithium-ion batteries
on passenger planes earlier this
year. Thats modestly good news

for the cargo airlines that have remained in the business: Air transport of the batteries, which covers
as much as 30% of the 5.5 billion
cells produced each year, is a much
less competitive market now that
passenger airlines are mostly out
of the picture.
But its not going to be enough
to prevent all such fires. Even before the ban, incidents involving
lithium-ion batteries on passenger aircraft had grown more common than those on cargo planes,
according to the US Federal
Aviation Administration (FAA).
Lithium-ion-powered hoverboards
were banned by most airlines long
before Samsungs troubles.
The good news for carriers and
electronics manufacturers is that
the lithium-ion ecosystem is too
big to fail in the face of such a risk.
While an on-board fire is every
pilots and crew members worst
nightmare, the number of lithium-ion incidents is trifling when
you consider the universal reach
of these power sources. In 2015,
3.5 billion passengers caught a
flight, yet just 11 such incidents
were reported to the FAA. Your
odds of being on a plane with a
lithium-ion battery fire are pretty
similar to the infinitesimal risk of
being involved in an outright crash.
Airline regulations permit a

surprisingly wide range of hazardous materials on board
you can typically carry up to five
kilogrammes of ammunition in
checked baggage, and avalanche
rescue backpacks containing ex-
plosive-charged airbags are often

permitted in overhead lockers.
Its not something that carriers
like to advertise, but aviation safety
is as much about reducing risk to
acceptable levels as eliminating
it altogether. Investors should at
least take note of that perspective.

Bloomberg
This column does not necessarily
reflect the opinion of Bloomberg
LP and its owners.
US could pay a high price for suing the Saudis

BY TO B I N H A RSH AW, MI C H AEL
NE W M AN & DAVI D SH I PL EY
IT was hardly a surprise that the US

House of Representatives unanimously passed a bill supported by
the families of Sept 11 victims just
before the 15th anniversary of the
attack. Unfortunately, law is more
likely to make the US vulnerable to
unlimited lawsuits by its enemies.
President Barack Obama should stick
to his promise to reject it, and ideally
Congress will come to its senses and
not try to override the veto.
While the bill doesnt mention
any nation specifically, its purpose is
clearly to allow US citizens to sue Saudi Arabia for its alleged involvement
in the Sept 11 attacks. The Saudis have
long been sponsors of extremist Islam, but evidence tying them to actual perpetrators of the 2001 attacks
is circumstantial at best. The release
of the so-called 28 pages from the

congressional investigation of Sept
11 disappointed those certain it contained proof of Saudi involvement.
Its not even clear that the act
would be much help in any lawsuits: It contains a provision giving
the executive branch the power to
stay any proceeding so long as it is
engaged in good faith discussions
with the foreign state defendant
concerning the resolution of the
claims against the foreign state.
It is abundantly clear, by contrast, that the bill would undermine
the long-standing principle of sovereign immunity, under which such
disputes are resolved between nations, not in courts. The unravelling
of this doctrine makes any nation
vulnerable to suits by the citizens
of another and no state will be
more vulnerable than the US.
If this principle is abandoned,
its a good bet that anti-American

lawsuits will flourish not just in hostile states like Iran where, in fact,
the US has been found guilty many
times in judgements not enforceable under sovereign immunity
but almost certainly in Pakistan,
Syria, Yemen and other countries
where US counterterrorism efforts
have mistakenly killed civilians.
Moreover, in addition to the potential monetary costs, parties in civil
suits are often given wide powers
of discovery, potentially allowing
them access to state secrets.
The Sept 11 victims and their
families deserve everlasting support and compassion, and they are
admirable in their dogged pursuit
of justice. But members of Congress might also want to consider
the sort of justice this bill would
leave the US vulnerable to on the
global stage. Bloomberg
Visitors at the National September 11 Memorial and Museum for the 15th anniversary
of the 9/11 attacks in Manhattan, New York on Sunday. The bill would undermine the
long-standing principle of sovereign immunity. Photo by Reuters
2 2 S P O RT S
Wawrinka conquers
Djokovic for US Open title
31-year-old Swiss overcomes nerves and physical pain for Grand Slam win
BY R E B ECC A B RYA N
NEW YORK: Stan Wawrinkas US

Open triumph over world No 1 Novak Djokovic gave him a third Grand
Slam title in as many finals, but the
31-year-old Swiss says they dont
get any easier.
Wawrinka, described by Djokovic as a player who rises to the big
occasion like no other, admitted he
was a mass of nerves before Sundays
championship match. I was shaking
in the locker room, he said, adding
that during his last minute discussions with coach Magnus Norman
I started to cry.
I was completely shaking, said
Wawrinka, although he added that
through it all he remained convinced
that he had the game to win.
Physically, I was there. My game
was there. Put the fight on the court,
and you will have a chance to win,
he told himself.
Thats exactly what Wawrinka did,
shaking off the loss of the first set to
post a 6-7 (1/7), 6-4, 7-5, 6-3 victory
over 12-time Grand Slam champion
Djokovic. He denied Djokovic a second straight US Open title and, for
the third time, beat a reigning No 1 in
a major final. Wawrinka had already
been pushed to the limit in reaching
the final. Hed spent nearly 18 hours
Johnson wins
US PGA BMW in
record fashion
CHICAGO: World No 2 Dustin Johnson fired a five-under
par 67 on Sunday to win the US
PGAs BMW Championship by
three strokes over Englands
Paul Casey with a tournament
scoring record.
The 32-year-old American,
who captured his first major
title at the US Open in June at
Oakmont, finished on 23-under par 265 over 72 holes at the
7,516-yard Crooked Stick layout
in suburban Indianapolis.
I played really solid, drove
it really nicely, wedged it really
good, Johnson said. I played
really solid all week.
It was the 12th career victory for Johnson on the US PGA
Tour and his third of the year,
his personal best following his
major breakthrough and the
World Golf Championships
Bridgestone Invitational.
Ive got a lot of confidence
in every part of my game, Johnson said. All the work I have put
in on my wedges has really paid
off this year. I putted really great
this week. AFP
US Open 2016: Stan Wawrinkas path to victory

Mens Singles
Quarter-finals
Semi-finals
Sept 6
Novak
Djokovic (SRB)
Gael
Monfils (FRA)
4-6, 3-6, 3-6

Sept 7
Juan Martin
Stan
Del Potro (ARG) Wawrinka (SUI)
6-7, 6-4, 3-6, 2-6
Kei
Nishikori (JPN)
Sept 11
Jo-Wilfried
Tsonga (FRA)
6-3, 6-2 (Tsonga retires)

Lucas
Pouille (FRA)
Final
Sept 9
Monfils
Djokovic
6-3, 6-2,
3-6, 6-2
Wawrinka
Sept 9
7-6, 4-6,
5-7, 3-6
Wawrinka
Andy
Murray (GBR)
1-6, 6-4, 4-6, 6-1, 7-5
Djokovic
Nishikori
4-6, 7-5,
6-4, 6-2
Source: US Open
on court, saving a match point in

a five-set thriller over unheralded
Briton Dan Evans in the third round.
He had to rally against former US
Open finalist Kei Nishikori in the
semi-finals, and escaped resurgent
former champion Juan Martin del

Potro in a quarter-final four-setter.
I think this Grand Slam was the
most painful, physically and mentally, that I ever played, Wawrinka
said. I was feeling tired already at the
beginning of the match. I was feeling

the cramp coming in the third set.
Feeling pain in the fourth, he was
determined not to show anything
but just to give everything and keep
fighting and go try to win it. AFP
Serenas aura of invincibility on wane

BY R EBECCA BRYAN
NEW YORK: Serena Williams faces

a challenging new landscape in her
continued pursuit of Grand Slam
history, thanks to the rise of a clutch
of talented and fearless rivals led by
new No 1 Angelique Kerber.
Kerber, 28, set the tone with her
victory over Williams in the Australian Open in January.
And Williams aura of invincibility was further eroded with a French
Open final defeat by 22-year-old
Spaniard Garbine Muguruza, a Rio
Olympics third-round exit at the
hands of 21-year-old Ukrainian Elina

Svitolina, and her semi-final loss at
the US Open to 24-year-old Czech
Karolina Pliskova.
Pliskovas victory ensured Kerber,
snapping for weeks at Williamss
heels, would rise to No 1 a feat
she marked with her second Grand
Slam title of the season at Flushing
Meadows. With her plans for the rest
of 2016 up in the air, Williams coach,
Patrick Mouratoglou, acknowledged
that a season with just two titles
even if one of them was Wimbledon wasnt up to the Americans
standards.
This year was not good enough,

he said. Only one Slam. For Serena
its not good enough, for sure.
It may be the look of the future,
however, as Williamss path beyond
her current 22 Grand Slams tied
with Steffi Graf for most in the Open
Era and two shy of Margaret Courts
all-time mark of 24 grows ever
more complicated.
I dont think Serena is going anywhere, said US Fed Cup captain
Mary Joe Fernandez.
I think she is going to win more
and break Steffis record. But its going to get tougher. AFP
Rio Paralympics gets high-tech advantage

BY SEBASTIAN SM I TH
RIO DE JANEIRO: A wheelchair

made by BMW and a prototype bike
so valuable it must be kept under
guard, are two of the new weapons
in Rio Paralympians unending race
for a competitive advantage.
High tech has never been more
important than in Rio and inevitably athletes from rich countries are
benefiting most, using cutting-edge
gear to escape ever further from the
limitations of their disabled bodies.

At the track and field stadium,
four US athletes are riding what
BMW calls the worlds fastest
wheelchair, the US team told AFP.
The machine, created by BMWs
California-based firm Designworks
and customised to fit each athlete,
is made from carbon fibre. Long,
low and triangular, it looks very
little like a traditional wheelchair.
Meanwhile, titanium, carbon fibre
and other space age materials are
making the Flex-Foot Cheetah and

other prostheses used by amputees
ever lighter, stronger and more
controversial.
Running blades which work so
well that they are now considered
by some to be a competitive threat
to able-bodied athletes and US athlete Jamie Whitmores prototype Felt
bicycle that was made just for her
and after suffering partial paralysis
of her left leg from cancer, are some
of the unique innovations. AFP
IN BRIEF
Top-ranked Day out of
PGA play-o event with
back pain
CHICAGO: World No 1 Jason
Day of Australia withdrew on
Sunday from the BMW Championship due to left back pain
after hitting his ninth-hole tee
shot at the penultimate US PGA
play-off event. The defending
champion was three-under for
the tournament and two-over
for the day at the 7,516-yard
Crooked Stick layout in suburban Indianapolis. Day said
he felt the pain after hitting
his tee shot on the last hole
of the front nine. He decided
to withdraw rather than risk
greater injury, but the 28-yearold Australian is expected to
play in two weeks in the Tour
Championship, having safely
qualified to be among the 30
who advance to Atlanta. AFP
Luiten wins second home

Open with dazzling 63
SPIJK: Local favourite Joost Luiten lived up to his billing as the
home hero with a record-equalling final round 63 to clinch the
Dutch Open in Spijk on Sunday. The 30-year-old produced
a dazzling display of iron play
and long-range putting to deny
Austrian Bernd Wiesberger by
three shots. The pair went blow
for blow for much of the fourth
round but three birdies in his final five holes helped Luiten to a
19-under-par total of 265. Luiten was the first Dutch player to
win his home Open twice since
it joined the European Tour in
1972 following his win in 2013
and makes him a five-time
winner on tour. AFP
Paralympic chiefs suspicious of Algerias Israel

no-show
RIO DE JANEIRO: Paralympic
authorities said on Sunday they
are suspicious of Algerias claim
that its womens goalball team
missed a game against Israel in
Rio purely due to travel delays.
The Algerians did not show up
for opening matches against
the US team last Friday or Israel
on Saturday, leading to accusations in the Israeli media of a
boycott by the Muslim majority country. However, Algerias
team spokesman insisted on
Sunday that there was nothing
political about the absence, saying he was astonished by the
accusation. AFP
Mattek-Sands, Safarova
win US Open womens
doubles
NEW YORK: Bethanie Mattek-Sands and Lucie Safarova
won their third Grand Slam
womens doubles title on Sunday with a 2-6, 7-6 (7/5), 6-4
win over French top seeds
Caroline Garcia and Kristina
Mladenovic. Mattek-Sands of
the United States and Czech
partner Safarova also won
the Australian Open and Roland Garros titles in 2015. The
French team were looking to
add the New York trophy to
their victory at the French Open
in June. AFP
S P O RT S 2 3
Conte applauds restraint of saviour Costa
IN BRIEF
REUTERS
BY RO B ST E WA RT
SWANSEA: Antonio Conte launched

an impassioned defence of brilliant
but controversial forward Diego Costa (pic) after the Italian dropped his
first points in English football as Chelsea were held 2-2 at Swansea City.
The Spanish international scored
his teams two goals on Sunday, was
booked and was also on the receiving end of rough treatment from
Swansea defenders Jordi Amat and
Federico Fernandez, both of whom
were cautioned for fouls on Costa.
Amat, in particular, was fortu-
Usual suspects
primed for
Europe as
Guardiola
makes City bow
nate not to earn a second yellow

card and Conte praised his star
man for showing great composure
despite the provocation.
If you ask me whether the defender deserves a second yellow
card, I dont want to reply to this,
said the Chelsea manager.
I only want to tell that after
every game, the press ask me about
Diego and his behaviour and today
(Sunday), I can tell that Diego Costa
had a fantastic behaviour to control
the situation because he took a lot
of kicks from the first minute until
the end of the game.
I am pleased because he showed

me and his teammates that he had
fantastic behaviour. It was not easy.
I think the defenders know him
and sometimes they try to provoke
him. It is normal in football.
Diego is a player with great passion and they try to provoke [him].
But this is football, not only in England and not only with Diego, but I
think the referee must see and permit Diego Costa to play his football.
Costa opened the scoring before
Swansea struck twice in three second-half minutes in controversial
fashion. AFP
Uefa election
clouded by rival
BY M A RT YN WOOD
PARIS: Europes heavyweights

launch their perennial pursuit
of Champions League glory
this week as Real Madrid seek
to defend their title from the
likes of Barcelona and Bayern
Munich, while Pep Guardiola
aims to transform Manchester
City into a continental giant.
Cristiano Ronaldos winning penalty clinched a record 11th European Cup for
Real a season ago, but no
team has successfully retained their crown since the
competition was rebranded
as the Champions League in
1992.
The Portugal star made a
goalscoring return in Reals
5-2 defeat of Osasuna on Saturday, his first appearance
since limping off the pitch
in tears during his countrys
1-0 victory over France in the
Euro 2016 final.
It was a great feeling and
I feel happy. There were a few
moments when I felt nervous,
but that is normal after an
injury. I am happy because
we won and I scored, said
Ronaldo, who is seven shy of
100 Champions League goals.
Reals first assignment, in
a group that also includes
Borussia Dortmund and Legia Warsaw, will be the visit
to Ronaldos boyhood club,
Sporting Lisbon, tomorrow.
Barcelona are smarting
from a shock 2-1 home loss
to promoted Alaves as coach
Luis Enriques decision to rest
Lionel Messi and Luis Suarez
backfired spectacularly, leaving Celtic, beaten 6-1 on their
last visit to the Camp Nou,
wary of a backlash in the clash
today.
We have to do better in the
next game, in a different competition, said Barca captain
Andres Iniesta. As always,
when there is a defeat, we
have to analyse it and correct
it for the next game. AFP
Presidential candidates promise to improve governance

PARIS: Uefa, the richest and most
powerful continental football confederation, elects a new president
this week as it confronts a growing
challenge to its cash-cow Champions League.
The 55-member European confederation must choose between
Slovenian Aleksander Ceferin, 48,
and veteran Dutch administrator
Michael van Praag, 68, to finish the
term of the tainted Michel Platini
at a special congress in Athens tomorrow after an increasingly tense
campaign.
Ceferin has the heavyweight
support of more than 20 federations, including Germany, France,
Portugal and Russia, according to
the Slovenian Football Association.
England, Belgium and the Netherlands are Van Praags leading
backers.
We need an honest football leader. No power hungry politician, Van
Praag said in a tweet last week in
reaction to a Swedish media report
that suggested his rival had promised
Nordic countries they could stage a
future European Championship.
Strongly denying the report,
Ceferin told PA Sport that Van Praag
was making up stories trying to
Uefa must choose between Ceferin (left) and Van Praag to nish the term of Platini at a
special congress in Athens tomorrow. Photo by AFP
pollute the pre-election time.

The two have made promises to
improve transparency and governance at the confederation, which
earns more than world body Fifa
from its flagship tournaments, the
annual Champions League and
the quadrennial Euro spectacular.
But the absence of Platini this
year as he lost his battle against a
Fifa suspension over a US$2 million (RM8.22 million) payment has
seen a growing challenge to the
Champions League from within

Europe and outside, with Chinese
conglomerate Wanda reportedly
ready to finance a rival tournament.
Neither Ceferin nor Van Praag
has said publicly how they would
steady the ship.
Uefa announced last month that
it had decided for 2018 to 2021 that
the four top European leagues
Spain, England, Germany and Italy
will have four automatic places
in the Champions League. AFP
PSGs Emery with all to prove in Champions League

BY ANDY SCOTT
PARIS: Unai Emery arrived in

France with a reputation as one of
Europes brightest coaching talents,
but he admits that he has moved
out of his comfort zone by taking
the Paris Saint-Germain (PSG) job.
The 44-year-old Spaniard leads
the French giants into their Champions League opener against Arsenal
at the Parc des Princes today knowing the outcome could prove crucial
in determining who wins Group A.
Certainly, in a section also featur-
ing Basel and Ludogorets Razgrad,

nobody at PSG is envisaging anything
other than progress to the knockout
stage for a club which have reached
four successive quarter-finals.
Indeed, going beyond the last
eight, while also dominating domestically, is the only way Emery
can improve on the job done by his
ousted predecessor Laurent Blanc.
Ive arrived at a club that want to
keep on winning and to kick on to the
next level. Thats the challenge and
its a difficult one, Emery said in an
interview with UEFA.com last week.
Here, the requirement is to win

and the players are aware of that.
And that is not easy. That demands
a lot of mental effort from me, the
players and the club.
A coach as intense as Emery is
not afraid to put in the work, although he must be aware that he
has put his reputation on the line
by coming to Paris.
Losing at home is unthinkable for
a club that have won every domestic
trophy in the last two years and their
unconvincing start to the season has
brought inevitable criticism. AFP
Totti saves Roma as

England keeper suers
debut heartbreak
MILAN: Francesco Totti came
off the bench to hit a late winner
from the spot as Roma moved
to within two points of leaders
Juventus after a rain-interrupted 3-2 win over Sampdoria on
Sunday. That was the first time
Ive ever felt afraid of taking a
penalty, the 39-year-old veteran, who is in his 24th and final
season at the club, told Sky Sport
minutes after being mobbed by
teammates under the stadiums
popular Curva Sud end. You
just cant afford to miss under
the Curva [Sud]! Roma looked
to be heading for a difficult second half at the Stadio Olympico
after Sampdoria surged to a 2-1
half-time lead when goals from
Fabio Quagliarella and Luis Muriel cancelled out Mohamed
Salahs eighth-minute header
for the hosts. AFP
Al Nasr forfeit Asian

game over strikers
false passport
KUALA LUMPUR: Al Nasr were
ordered to forfeit their AFC
Champions League quarter-final first leg 3-0 yesterday after
Brazilian-born striker Wanderley was found to be playing under a false Indonesian
passport. Wanderley scored Al
Nasrs opener in their 3-0 win
over Qatars El Jaish, but the
Asian Football Confederation
(AFC) named him as an ineligible player and effectively reversed the result ahead of this
weeks second leg. The Asian
Football Confederation disciplinary committee has ordered
the AFC Champions League
quarter-final first-leg match El
Jaish versus Al Nasr ... forfeited,
an AFC statement said. AFP
Mainz blow three-goal

lead in Hoenheim draw
BERLIN: Mainz threw away a
three-goal lead in a thrilling 4-4
home draw against Hoffenheim
as Werder Bremen lost 2-1 to
Augsburg to stay bottom of the
Bundesliga on Sunday. Mainz
looked on course for a rout with
a Pablo De Blasis double on
three and 23 minutes followed
by another from Jhon Cordoba
on 27 minutes. Sandro Wagner
reduced the deficit for Hoffenheim on 39 minutes with Levin Oztunali getting the hosts
fourth two minutes before the
break. French defender Gaetan
Bussmann was sent off after the
break and his absence derailed
the hosts with Mark Uth netting
twice, and Adam Szalai getting
the equaliser on 84. AFP
Balotelli instant hit as

Nice down Marseille
PARIS: Former Liverpool striker Mario Balotelli struck twice
on his Nice debut to help his
new side defeat Mediterranean rivals Marseille 3-2 in Ligue
1 on Sunday. Balotelli, signed
on a free transfer, converted
a seventh-minute penalty to
open the scoring at the Allianz
Riviera and struck again to level
12 minutes from time. AFP
24
live it!
WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE
Personal
ASSISTANT
CO M PI L ED BY SH A L I N I YEAP
WORK. LIFE. BALANCE
CHOCOLATE fans should check out the four

new avours available as part of Godivas
2016 Limited Edition Mooncake collection,
and swap the traditional baked and snow
skin options for these scrumptious chocolate-based ones. The four new avours are
apple and acerola, plum and pomegranate,
raspberry and mangoesteen as well as orange and cranberry, all of which contain
either white chocolate, dark chocolate or
milk chocolate. The mid-autumn collection
is available exclusively at Godiva boutiques
and priced between RM107 and RM605.
From the Hieronymus Bosch and His Pictorial World exhibition.
ART IN THE FALL

A preview of the most
anticipated exhibitions in
the US and Europe
THE DiverseCity festival presents Andy Warhol:

Social Circus the largest collection of Andy
Warhol polaroids to be shown in Malaysia and
Asia. The exhibition is a rare collection of the
artists polaroids of the worlds biggest actors,
artists and fashion designers from the 70s and
80s. It will take place in Warhols studio, The
Silver Factory, enabling visitors to experience
how Warhol observed the world. Make your
way to Slate @ The Row, 50 Jalan Doraisamy
Kuala Lumpur between noon and 9pm today
to view the exhibition. Admission is free. Visit
www.diversecity.my for more details.
CATCH a documentary screening about bicycles and its potential as an important tool
for change. Bikes vs Cars looks into and investigates the daily global drama in trac
around the world from the bike activists
in Sao Paulo and Los Angeles, who ght for
safer bike lanes, to the City of Copenhagen,
where 40% of residents commute by bike
daily. The screening will take place at Pusat
Rakyat Loyar Burok, A-3-8, Pantai Business
Park, Jalan Pantai Baharu, Kuala Lumpur
from 8pm to 10.30pm today. Admission is
free. Visit www.facebook.com/pusatrakyatlb
or call (03) 2201 1454 for more information.
Los Angeles to New York: Dwan Gallery,

1959-1971
National Gallery of Art, Washington
Sept 30 Jan 29, 2017
As artists outside the 20th centurys White
Heroic Male archetype belatedly get their
due, it stands to reason that overlooked gallerists get their turn in the spotlight, too. Virginia Dwan was one of the most important
dealers and patrons of the 1960s. From her
Los Angeles and then New York galleries,
she championed unknown artists who then
became superstars: Dan Flavin, Sol LeWitt,
Robert Ryman, Carl Andre and dozens of
others blossomed under her patronage. This
show, which has close to 100 works, many
from Dwans personal collection, is the result
of a promised gift: She plans to give more
than 250 artworks to the National Gallery.
ummer is blockbuster season at

the movies, but come fall, its the
museums turn. Around the globe,
institutions large and small (mostly
large) are rolling out massive exhibitions filled with hundreds of objects
compiled, in large part, from dozens of other
global institutions. Think of it as a global swap
meet win which all the objects are priceless.
Following are the shows were most anticipating this season, presented in chronological order. While very few people will be
lucky enough to see them all, heres hoping
most can make it to at least one or two. Start Beyond Caravaggio
planning now.
National Gallery, London
Oct 12 Jan 15, 2017
Not to be confused with the Mets concurrent
Beyond Caravaggio show (youd think theyd
coordinate), the National Gallery has organised a sweeping exhibition on Caravaggios
influence over the generations of painters
that followed him. (His impact was so great,
theres even a name for it: Caravaggism.) Followers include the likes of Orazio Gentileschi,
Georges de la Tour and Bartolomeo Manfredi;
their works will be hung alongside original
Caravaggios, though one wonders if the comparisons will flatter the originals or fall flat.
William Kentridge: Thick Time

Whitechapel Gallery, London
Sept 21 Jan 15, 2017
Six of Kentridges major artworks dating from
2003 to 2016 will fill much of Whitechapels
special exhibition space. Two of the South
African artists trademark immersive audio-visual installations will be crowd-pleasers; equally exciting will be his series of
massive tapestries, based on his Met Opera
production of Shostakovichs The Nose.
Icons of Modern Art: The Shchukin

Collection
Fondation Louis Vuitton, Paris
Oct 22 Feb 20, 2017
Few people have heard of Sergei Shchukin,
a Russian industrialist active at the turn of
the 20th century, but everyone has heard
of the artists he collected: Matisse, Picasso,
Cezanne, Monet, Braque, and the list goes
on. After the Russian revolution, Shchukin
fled to Paris and left his collection behind.
After a century of ups and downs, it was
eventually absorbed into Russian state
museums, including the Hermitage in St.
Petersburg. Now, after 100 years in Russia,
one of the most important modernist collections on the planet is travelling to Paris,
where visitors can view the art in Frank
Gehrys glittering new museum.
Brassai Grati
Centre Pompidou, Paris
Nov 9 Apr 24, 2017
Brassai, a Hungarian artist best known
for his surrealist photography, was something of a superstar in his lifetime but
has receded in recent years, behind such
peers as Andre Breton and Max Ernst. A
huge exhibition of Brassais photography
should change that. The show comprises
more than 500 pictures of Paris graffiti:
Drawings, carvings, and scribblings on
city walls are documented and turned,
through Brassais eye, into other-worldly,
archaic signs and symbols.
Hieronymus Bosch and
His Pictorial World
Gemaldegalerie, Berlin
Nov 10 Feb 19, 2017
Has there ever been a crowd-pleaser such
as Hieronymous Bosch? From the time
his hyper-detailed dystopian hellscapes
were painted in the 16th century, Boschs
art has been sought by kings, popes and
plebes alike. This exhibition, which joyfully marks the 500th anniversary of Boschs
death, includes four major works by Bosch,
along with several of his drawings, and is
accompanied by copies of his work by the
likes of Lucas Cranach the Elder, himself
a master of the medium. Bloomberg
Markets 2 5
BURSA MAL AYSIA MAIN MARKET
Bursa Malaysia
YEAR
HIGH
Sectorial Movement
INDICES
CLOSE
+/-
%CHG
INDICES
CLOSE
+/-
%CHG
KLSE COMPOSITE
1,686.44
-4.94
-0.29
TECHNOLOGY
22.59
-0.23
-1.01
KLSE INDUSTRIAL
3,151.70
-4.34
-0.14
FTSE BURSA 100
11,563.00
-29.77
-0.26
13,726.19
-20.37
-0.15
-0.05
606.79
-0.96
-0.16
FTSE BURSA MID 70
INDUSTRIAL PRODUCT
143.46
-0.13
-0.09
FTSE BURSA SMALL CAP
15,467.23
-8.24
CONSTRUCTION
290.04
0.37
0.13
FTSE BURSA FLEDGLING
15,869.90
52.26
0.33
TRADE & SERVICES
228.78
-0.49
-0.21
FTSE BURSA EMAS
11,860.92
-29.14
-0.25
KLSE FINANCIAL
14,511.25
-52.96
-0.36
FTSE BUR MSIA ACE
5,284.18
-24.90
-0.47
KLSE PROPERTY
1,205.32
-3.63
-0.30
FTSE BUR EMAS SHARIAH
12,505.92
-13.50
-0.11
KLSE PLANTATION
7,888.52
4.69
0.06
FTSE BUR HIJRAH SHARIAH
13,971.49
-23.55
-0.17
486.34
Unch
Unch
9,401.44
-135.84
-1.42
CONSUMER PRODUCT
KLSE MINING
FTSE/ASEAN 40
Bursa Malaysia Main Market

YEAR
HIGH
YEAR
LOW
DAY
HIGH
CONSUMER PRODUCTS
0.824 0.562 0.735
4.300 3.350 3.840
15.020 5.889 14.220
0.285 0.210 0.235
6.320 4.500 6.000
1.480 0.890 1.060
5.174 3.209 3.730
61.652 39.875 50.720
0.080 0.035 0.040
0.793 0.550 0.565
1.870 0.970 1.670
0.660 0.451 0.520
0.400 0.260 0.315
15.200 10.731 14.880
0.639 0.540 0.550
2.674 1.970 2.020
1.970 0.503 1.200
3.290 1.690
0.075 0.025 0.035

2.417 1.820 1.980
1.790 1.047 1.730
0.175 0.075 0.075
0.075 0.040 0.045
0.965 0.765
65.980 44.118 62.200

0.165 0.070 0.085
0.265 0.030 0.045
0.240 0.175 0.195
0.460 0.210 0.235
2.556 1.651
0.325 0.205 0.225

0.940 0.640
27.000 17.245 24.840

0.940 0.475 0.680
1.078 0.990
1.207 0.376 0.745

0.966 0.585 0.775
1.640 0.750 0.975
2.738 2.083
1.200 0.940
0.090 0.010
18.372 11.888 17.600

9.800 4.790 9.250
1.169 0.841 0.895
0.515 0.370 0.390
5.220 2.867
1.416 1.144 1.250

0.590 0.340 0.520
2.378 1.760 2.260
1.420 0.806 1.330
0.930 0.505 0.540
3.160 2.130 2.490
4.000 2.340 3.850
0.205 0.025 0.060
0.910 0.630 0.775
2.800 1.887 2.540
1.180 0.955 1.050
0.110 0.035 0.095
8.100 4.620 4.830
10.100 3.540 9.990
0.335 0.250 0.280
3.365 1.934 3.020
0.885 0.710 0.735
1.854 1.330 1.380
4.585 3.900 4.250
0.110 0.020 0.025
1.637 1.157 1.580
1.040 0.810 0.945
1.244 1.050
5.120 4.423 5.000

0.105 0.025
1.626 1.113
81.084 68.541 80.800

3.350 2.164 3.100
0.200 0.080 0.095
0.370 0.240 0.285
1.079 0.683 0.870
0.753 0.345 0.405
0.060 0.040 0.050
2.536 1.621 1.800
7.520 6.421 6.810
3.049 1.274 3.030
38.617 19.508 37.000
1.180 0.587 1.070
0.390 0.210
0.885 0.320
1.120 0.700 0.770

0.229 0.150 0.170
0.580 0.412 0.480
2.043 1.373 1.570
16.701 14.695 16.220
0.614 0.458
2.077 1.280 1.430

0.749 0.680 0.705
2.896 1.897 2.110
4.597 3.915 4.340
1.650 1.400
1.438 1.020 1.170

0.500 0.270 0.285
1.250 0.595 1.200
1.430 0.550
0.120 0.055
2.450 1.321 1.780

1.234 0.704 0.985
0.055 0.035 0.050
0.405 0.130 0.255
2.750 1.759 2.500
1.505 0.762 1.260
0.745 0.425 0.535
0.450 0.290
2.920 1.850 1.900

1.419 0.387 1.310
1.702 1.130 1.190
1.610 1.184
0.560 0.435 0.495

0.510 0.420 0.435
8.624 4.880 5.950
2.332 1.468 2.080
1.008 0.456
0.075 0.030 0.035

0.540 0.390
0.607 0.100 0.110

2.450 1.502 2.360
1.330 0.190 1.230
1.370 0.787 1.150
2.829 2.070 2.130
1.638 1.340 1.370
INDUSTRIAL PRODUCTS
1.460 0.922 1.350
0.160 0.090
0.590 0.470
0.320 0.240 0.240

1.000 0.650 0.755
* Volume Weighted Average Price
DAY
LOW
0.715
3.810
14.220
0.235
5.950
1.060
3.720
50.400
0.035
0.560
1.650
0.515
0.315
14.800
0.540
2.000
1.200
0.030
1.960
1.700
0.075
0.040
59.900
0.085
0.040
0.195
0.235
0.220
24.420
0.665
0.710
0.770
0.935
17.360
8.900
0.885
0.385
1.250
0.520
2.160
1.240
0.540
2.430
3.800
0.055
0.765
2.510
1.030
0.085
4.770
9.940
0.280
2.990
0.720
1.380
4.150
0.025
1.550
0.945
5.000
79.800
3.090
0.095
0.280
0.865
0.385
0.050
1.750
6.790
2.970
36.000
1.060
0.765
0.170
0.480
1.540
16.040
1.410
0.700
2.070
4.330
1.150
0.285
1.180
1.770
0.960
0.050
0.255
2.490
1.250
0.525
1.880
1.280
1.170
0.480
0.435
5.830
2.080
0.030
0.105
2.310
1.210
1.140
2.100
1.340
1.340
0.240
0.750
CODE
7120
7090
2658
7051
6432
7722
7129
4162
7243
9288
7174
7154
7128
2836
7035
7148
9423
2828
5188
7205
7202
5214
7179
7119
3026
7198
7182
5091
9091
7149
7208
7094
3689
9776
2755
8605
9172
5102
5606
5606PA
5187
3255
3301
5160
7213
7141
5024
8478
5107
7152
8931
5247
7216
8303
6203
7062
0002
5172
7006
9385
8079
7089
7126
7085
7087
5189
3662
7935
5886
5202
5150
3921
4707
7060
7139
7215
5066
7071
7071PA
7107
4006
7052
3719
5022
9407
6068
5231
4081
5080
7088
4065
7190
8966
7134
7237
7084
9946
5252
5157
7180
7165
7165PA
7412
7246
8532
7943
7103
7186
7082
7211
4405
7200
7252
9369
7230
7176
4588
7757
7203
5156
7121
5155
5584
7184
5159
7178
5131
0012
7086
7061
7131
7191
COUNTER
ACOSTEC
AHEALTH
AJI
AMTEK
APOLLO
ASIABRN
ASIAFLE
BAT
BIOOSMO
BONIA
CAB
CAELY
CAMRES
CARLSBG
CCK
CCMDBIO
CHEEWAH
CIHLDG
CNOUHUA
COCOLND
CSCENIC
CSL
DBE
DEGEM
DLADY
DPS
EKA
EKOWOOD
EMICO
ENGKAH
EURO
EUROSP
F&N
FARMBES
FCW
FFHB
FPI
GCB
GOLDIS
GOLDIS-PA
HBGLOB
HEIM
HLIND
HOMERIZ
HOVID
HUATLAI
HUPSENG
HWATAI
IQGROUP
JAYCORP
JERASIA
KAREX
KAWAN
KFM
KHEESAN
KHIND
KOTRA
KSTAR
LATITUD
LAYHONG
LEESK
LIIHEN
LONBISC
LTKM
MAGNI
MAXWELL
MFLOUR
MILUX
MINTYE
MSM
MSPORTS
MWE
NESTLE
NHFATT
NICE
NIHSIN
NTPM
OCR
OCR-PA
OFI
ORIENT
PADINI
PANAMY
PAOS
PARAGON
PCCS
PELIKAN
PMCORP
POHKONG
POHUAT
PPB
PPG
PRLEXUS
PWF
PWROOT
QL
REX
SASBADI
SAUDEE
SERNKOU
SGB
SGB-PA
SHH
SIGN
SINOTOP
SNC
SPRITZER
SWSCAP
SYF
TAFI
TCHONG
TEKSENG
TEOSENG
TGL
TOMEI
TPC
UMW
UPA
WANGZNG
XDL
XIANLNG
XINQUAN
YEELEE
YEN
YOCB
YSPSAH
ZHULIAN
3A
ABLEGRP
ABRIC
ACME
ADVENTA
CLOSING
(RM)
0.735
3.810
14.220
0.235
5.950
1.060
3.720
50.580
0.040
0.560
1.670
0.520
0.315
14.800
0.550
2.010
1.200
2.650
0.035
1.970
1.710
0.075
0.045
0.835
59.960
0.085
0.040
0.195
0.235
2.010
0.220
0.780
24.540
0.680
0.990
0.740
0.775
0.945
2.680
1.110
0.045
17.400
9.050
0.895
0.390
4.220
1.250
0.520
2.260
1.330
0.540
2.430
3.800
0.060
0.775
2.520
1.050
0.085
4.800
9.970
0.280
2.990
0.725
1.380
4.200
0.025
1.560
0.945
1.050
5.000
0.035
1.340
80.000
3.100
0.095
0.285
0.865
0.390
0.050
1.780
6.810
3.010
36.680
1.060
0.325
0.410
0.770
0.170
0.480
1.540
16.200
0.520
1.410
0.700
2.080
4.340
1.500
1.150
0.285
1.200
0.605
0.065
1.770
0.965
0.050
0.255
2.500
1.250
0.535
0.325
1.890
1.290
1.190
1.400
0.480
0.435
5.930
2.080
0.875
0.035
0.430
0.105
2.320
1.210
1.150
2.110
1.350
1.350
0.100
0.505
0.240
0.750
+/
(RM)
VOL
(000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
0.005
54.2
-0.050
100
0.020
1
UNCH
1
UNCH
32.7
UNCH
10
-0.020
10
-0.340
147.6
0.005
50
-0.005
372.4
UNCH
177
UNCH
106
UNCH
9.5
-0.140
12.2
0.005
68.5
0.010
66.2
UNCH
20
UNCH
4346
UNCH
371.5
-0.010
136.7
-0.005
1239
UNCH 1373.5
-0.040
13.3
0.005
15.1
UNCH 2596.1
UNCH
40
-0.005
150
-0.005
115
UNCH
486.4
0.005
7.9
-0.010
185.5
0.015
27.9
-0.005
54
-0.160
48.7
-0.170
179.1
0.015
328.5
UNCH
728.3
UNCH
322.7
-0.010
115.4
0.100
425.2
0.100 4242.5
0.005
10
-0.040
976.3
-0.050
59.4
0.005
17
-0.010
30
UNCH
31.3
-0.030
23.2
UNCH 3028.1
0.010
86
0.040
10.1
UNCH
31.5
-0.050
521.2
-0.015
460.4
0.020
5
0.020
29.7
0.005
287.4
UNCH
138.2
0.065
0.1
UNCH
205
UNCH
37.5
-0.030
4
UNCH
10
0.010
174.3
UNCH
66.3
0.005 2401.6
UNCH
364.5
0.020
56.4
0.010
57.6
0.030
614
0.480
42.8
UNCH
44
UNCH
111
UNCH
40
UNCH
10
-0.030
144.8
UNCH
409.5
-0.020
79.5
-0.005
227
-0.030
208.7
-0.010
609.6
-0.020
269.1
UNCH
50
0.040
895.1
UNCH
37.1
-0.010
679.7
-0.005
357.6
UNCH
30
0.010
70
UNCH
20
UNCH
45.6
0.010
35.5
-0.020 1908.8
0.020
0.5
0.015
5.9
0.010
10
0.050 1201.9
0.030
5
0.005 33280.7
UNCH
717.5
-0.030
49.7
-0.010
299.4
0.010
7
UNCH
178.1
UNCH
100.7
0.729
3.828
14.220
0.235
5.955
1.060
3.721
50.604
0.039
0.561
1.654
0.516
0.315
14.803
0.543
2.007
1.200
0.034
1.970
1.717
0.075
0.044
60.409
0.085
0.040
0.195
0.235
0.222
24.531
0.669
0.725
0.773
0.939
17.452
9.077
0.894
0.390
1.250
0.520
2.209
1.289
0.540
2.449
3.844
0.056
0.767
2.520
1.048
0.088
4.800
9.961
0.280
3.004
0.728
1.380
4.192
0.025
1.561
0.945
5.000
80.072
3.095
0.095
0.280
0.865
0.394
0.050
1.759
6.799
3.002
36.747
1.061
0.769
0.170
0.480
1.546
16.184
1.422
0.703
2.089
4.336
1.166
0.285
1.190
1.772
0.965
0.050
0.255
2.495
1.255
0.527
1.887
1.297
1.182
0.493
0.435
5.925
2.080
0.030
0.107
2.331
1.220
1.141
2.114
1.353
15.00
11.55
19.90
19.62
10.05
21.39
18.12
16.42
6.92
9.29
18.01
11.78
14.75
7.25
16.13
12.58
14.64
1.29
14.30
26.32
6.15
47.86
18.97
162.50
22.92
4.91
36.26
8.97
10.37
9.58
15.71
19.79
11.29
8.93
17.41
16.87
19.62
21.94
9.41
10.22
7.37
38.03
24.13
15.41
9.86
17.89
6.42
449.10
9.00
7.44
7.53
14.63
8.32
16.90
20.83
16.89
27.25
9.79
23.75
16.63
18.20
19.84
14.41
14.52
36.93
8.35
62.10
22.67
50.00
7.39
23.91
15.71
7.41
0.57
16.40
28.00
20.68
107.14
151.25
7.50
4.90
55.56
63.75
12.80
22.64
9.08
7.93
12.07
10.48
32.65
18.43
9.27
10.59
29.17
10.39
9.17
10.17
13.98
3.40
3.02
2.37
5.04
0.47
4.30
5.06
1.92
4.86
2.73
3.98
1.67
3.75
7.02
2.99
1.67
3.23
2.55
1.52
1.35
9.03
0.75
3.60
3.16
3.54
5.03
2.56
1.18
3.20
4.42
3.01
0.69
0.66
3.97
2.50
5.02
2.90
2.62
3.21
4.76
5.20
0.99
3.06
3.55
1.85
2.53
2.64
3.32
3.79
2.36
2.08
2.60
1.54
2.40
1.68
3.21
5.05
0.98
1.74
5.65
5.18
2.00
0.80
2.12
2.33
2.94
5.36
2.08
3.37
4.33
3.43
17.43
1.51
3.48
3.08
4.44
130.7
446.3
864.6
11.7
476.0
83.9
715.2
14,442.1
19.9
451.5
290.9
41.6
62.0
4,559.6
173.4
560.7
50.5
429.3
23.4
450.7
206.1
93.2
47.4
111.9
3,837.4
50.0
12.5
32.8
22.5
142.2
53.5
34.6
9,000.7
41.5
247.5
63.5
191.7
453.7
1,636.6
505.4
21.1
5,256.5
2,967.5
268.5
318.9
365.7
1,000.0
38.9
198.9
182.5
44.3
2,435.8
1,024.6
4.1
77.5
100.9
139.1
22.6
466.6
603.9
47.0
538.2
135.2
179.5
683.5
10.0
858.4
51.4
63.8
3,514.9
21.2
310.3
18,760.0
233.0
28.8
67.9
971.6
92.7
33.1
427.2
4,224.9
1,980.3
2,228.2
128.0
22.8
24.6
426.0
131.5
197.0
349.3
19,205.1
52.0
249.3
113.7
632.7
5,416.4
92.5
321.3
34.2
144.0
78.8
31.7
88.5
231.9
98.7
16.8
409.5
182.3
327.5
26.0
1,270.1
438.7
357.0
57.0
66.5
101.7
6,928.0
165.5
140.0
94.3
31.3
50.9
436.7
166.4
184.0
284.1
621.0
1.347
0.240
0.753
20.93
12.44
44.91
1.04
531.4
26.4
74.3
52.4
114.6
UNCH
-0.025
-0.005
188
10
25
# PE is calculated based on latest 12 months reported Earnings Per Share
YEAR
LOW
DAY
HIGH
DAY
LOW
2.840 1.795 2.370

2.350
0.180 0.100 0.160
0.155
0.480 0.340
0.590 0.260 0.580

0.550
1.141 0.775 0.830
0.815
0.400 0.110
0.940 0.650 0.880

0.850
0.460 0.320 0.365
0.360
1.880 0.620 1.870
1.830
0.360 0.120 0.250
0.235
1.465 0.963 1.030
1.030
4.249 3.430 3.450
3.430
0.905 0.421 0.840
0.795
0.820 0.582 0.785
0.770
0.700 0.475 0.560
0.560
1.660 0.585 0.965
0.965
2.480 1.410 1.600
1.580
0.795 0.330 0.500
0.465
0.140 0.095 0.100
0.100
1.236 0.956 1.010
1.000
3.100 2.060
1.936 1.035 1.610

1.590
0.450 0.285 0.320
0.320
0.310 0.180 0.240
0.235
0.420 0.195 0.280
0.275
5.110 2.254 3.400
3.340
0.150 0.025 0.030
0.025
2.315 1.629 2.050
2.010
1.071 0.820 0.910
0.905
1.720 1.248 1.720
1.710
2.560 1.380
1.500 1.140
2.284 1.301 1.840

1.790
1.720 1.304 1.690
1.670
1.000 0.640
0.075 0.040 0.055

0.055
5.389 3.170 3.940
3.900
0.360 0.130
2.253 1.420 1.510

1.480
0.990 0.240 0.860
0.830
1.000 0.605 0.780
0.765
1.700 0.857 1.680
1.650
0.070 0.005
0.974 0.656 0.850

0.845
0.440 0.295 0.370
0.370
2.352 2.070 2.210
2.180
0.445 0.280 0.330
0.325
0.295 0.170 0.285
0.280
0.635 0.260
0.475 0.382
0.850 0.425 0.430

0.430
1.285 1.071 1.140
1.120
1.450 0.775 1.390
1.340
0.700 0.281 0.640
0.625
1.260 0.494 0.865
0.860
1.420 0.970 0.990
0.990
0.960 0.190 0.845
0.825
0.759 0.540 0.545
0.545
1.683 0.735 0.930
0.915
1.552 0.647 0.860
0.850
1.176 0.933 1.070
1.060
3.022 2.270 2.360
2.350
0.835 0.361 0.590
0.585
2.266 2.122 2.160
2.150
3.090 1.420 1.520
1.490
1.570 1.370
2.970 0.810 1.540

1.510
0.075 0.040 0.045
0.040
0.735 0.180 0.695
0.650
0.130 0.075
0.565 0.295
0.312 0.187 0.225

0.225
0.135 0.075 0.120
0.120
1.038 0.749 0.840
0.820
0.750 0.335 0.415
0.400
6.095 3.792 4.620
4.560
3.500 2.640 3.120
3.100
1.746 1.033 1.270
1.240
0.985 0.758 0.940
0.915
0.525 0.180 0.275
0.270
0.745 0.130 0.195
0.195
1.768 0.918
0.970 0.607 0.875

0.875
0.400 0.280
0.070 0.020 0.025

0.025
3.496 2.852 3.220
3.200
0.130 0.050 0.060
0.055
0.960 0.760 0.800
0.800
2.190 1.390 2.070
2.070
0.360 0.220
0.120 0.055 0.075

0.070
0.170 0.140 0.150
0.150
0.280 0.060
1.320 0.950
2.775 1.471 2.280

2.260
1.810 1.050 1.260
1.220
0.230 0.160 0.190
0.175
1.290 0.363 0.850
0.840
0.985 0.455 0.460
0.455
3.418 2.850 2.880
2.850
2.516 1.631 1.730
1.710
0.145 0.045 0.050
0.045
1.815 1.346 1.470
1.430
0.580 0.395 0.425
0.415
2.703 0.996 1.180
1.170
0.775 0.335 0.380
0.375
9.402 5.839 6.650
6.600
0.600 0.370
5.671 4.470 4.880

4.850
0.472 0.321 0.385
0.375
0.560 0.320
9.598 7.322 8.000

7.920
0.665 0.440 0.635
0.605
0.777 0.540 0.570
0.560
0.540 0.407 0.530
0.500
0.170 0.100 0.115
0.105
0.075 0.010 0.015
0.015
0.110 0.020 0.025
0.025
0.475 0.220 0.345
0.325
0.470 0.110 0.375
0.370
0.095 0.060 0.065
0.065
3.921 3.210 3.520
3.500
0.770 0.340 0.740
0.705
0.776 0.530
0.590 0.360 0.455

0.455
1.080 0.666 1.080
1.060
1.080 0.710 0.710
0.710
0.430 0.175 0.415
0.375
0.657 0.490 0.545
0.525
1.571 1.038
2.030 1.595
1.340 0.800 0.895

0.880
0.110 0.060 0.080
0.080
0.784 0.630 0.660
0.650
3.260 2.110 3.260
3.220
2.564 1.104 1.800
1.770
0.810 0.210 0.810
0.700
0.200 0.050
0.645 0.100 0.305

0.275
0.705 0.483 0.645
0.615
1.380 0.751 1.370
1.350
1.260 0.890
0.095 0.050 0.070

0.070
7.432 5.803 6.720
6.670
2.070 1.540 2.070
1.970
0.725 0.467 0.710
0.690
6.247 4.024 6.100
6.090
0.165 0.090 0.105
0.095
23.014 20.277 22.360 21.920
6.982 2.722 4.270
4.170
2.731 1.830 1.960
1.940
1.649 0.859 1.510
1.500
4.408 1.774 4.130
4.060
0.650 0.430 0.500
0.485
0.460 0.280
1.170 0.750 0.980

0.960
0.380 0.300
0.735 0.386 0.705

0.655
0.695 0.290 0.690
0.675
0.180 0.085 0.095
0.090
1.640 1.300 1.350
1.350
0.950 0.705
6.330 5.450 5.750

5.680
0.520 0.224 0.470
0.470
0.941 0.659 0.805
0.800
CODE
9148
7146
5198
2682
7609
9954
2674
4758
6556
9342
5568
5015
7214
7162
7099
7181
8133
7005
7187
0168
6297
5100
9938
7221
7188
5105
5229
7076
2879
7171
8435
8044
5007
5797
8052
7018
2852
7986
5071
7195
2127
5094
0022
7157
5082
8125
8176
7114
5835
5835PA
5265
7169
1619
7233
8907
9016
7217
7773
5101
7249
2984
7229
0149
3107
5197
3611
7197
5220
7192
7096
5649
0136
7077
3247
5151
5168
7105
5095
3298
5072
5199
7033
8443
5165
2739
5000
9601
9687
7222
7183
7223
8648
2747
7043
7167
4383
0054
7199
6211
3522
5371
5060
9466
7164
6971
7017
7153
7130
3476
5192
8362
3794
9326
5092
5232
8745
3581
2887
4235
9881
5068
9199
5098
7029
8095
5152
7004
3778
5223
8192
6149
5001
7219
5576
5916
3883
5087
7002
5025
4944
7140
5065
7225
5183
5271
9997
5436
5146
6033
3042
7095
7172
8869
6637
8117
8273
9458
9873
7168
7123
7544
7498
7765
7232
7803
COUNTER
ADVPKG
AEM
AFUJIYA
AISB
AJIYA
AKNIGHT
ALCOM
ANCOM
ANNJOO
ANZO
APB
APM
ARANK
ASTINO
ATTA
ATURMJU
BHIC
BIG
BKOON
BOILERM
BOXPAK
BPPLAS
BRIGHT
BSLCORP
BTM
CANONE
CAP
CBIP
CCM
CENBOND
CEPCO
CFM
CHINWEL
CHOOBEE
CICB
CME
CMSB
CNASIA
COASTAL
COMCORP
COMFORT
CSCSTEL
CYBERT
CYL
CYMAO
DAIBOCI
DENKO
DNONCE
DOLMITE
DOLMITE-PA
DOLPHIN
DOMINAN
DRBHCOM
DUFU
EG
EKSONS
EMETALL
EPMB
EVERGRN
EWEIN
FACBIND
FAVCO
FIBON
FIMACOR
FLBHD
GBH
GESHEN
GLOTEC
GOODWAY
GPA
GPHAROS
GREENYB
GSB
GUH
HALEX
HARTA
HCK
HEVEA
HEXZA
HIAPTEK
HIBISCS
HIGHTEC
HIL
HOKHENG
HUAAN
HUMEIND
HWGB
IDEALUBB
IMASPRO
IRETEX
JADI
JASKITA
JAVA
JMR
JOHOTIN
JTIASA
KARYON
KEINHIN
KIALIM
KIANJOO
KIMHIN
KINSTEL
KKB
KNM
KOBAY
KOMARK
KOSSAN
KPOWER
KSENG
KSSC
KYM
LAFMSIA
LBALUM
LCTH
LEONFB
LEWEKO
LIONCOR
LIONDIV
LIONIND
LSTEEL
LUSTER
LYSAGHT
MASTEEL
MASTER
MAYPAK
MBL
MCEHLDG
MELEWAR
MENTIGA
MERCURY
METROD
MIECO
MINETEC
MINHO
MSC
MUDA
MYCRON
NAKA
NWP
NYLEX
OKA
ORNA
PA
PCHEM
PECCA
PENSONI
PERSTIM
PERWAJA
PETGAS
PETRONM
PIE
PMBTECH
PMETAL
PNEPCB
POLY
PPHB
PREMIER
PRESTAR
PRG
PWORTH
QUALITY
RALCO
RAPID
RESINTC
RUBEREX
CLOSING
(RM)
2.350
0.160
0.385
0.565
0.820
0.120
0.875
0.365
1.860
0.250
1.030
3.440
0.840
0.785
0.560
0.965
1.600
0.485
0.100
1.010
2.060
1.600
0.320
0.235
0.275
3.340
0.025
2.050
0.905
1.720
1.620
1.140
1.800
1.690
0.930
0.055
3.900
0.310
1.500
0.840
0.765
1.670
0.005
0.845
0.370
2.200
0.325
0.285
0.355
0.410
0.430
1.140
1.380
0.625
0.860
0.990
0.825
0.545
0.925
0.860
1.070
2.350
0.585
2.160
1.500
1.400
1.540
0.045
0.690
0.095
0.320
0.225
0.120
0.820
0.405
4.580
3.100
1.240
0.920
0.275
0.195
1.000
0.875
0.320
0.025
3.200
0.060
0.800
2.070
0.240
0.075
0.150
0.080
1.060
2.270
1.250
0.185
0.845
0.460
2.880
1.710
0.045
1.440
0.420
1.170
0.380
6.620
0.410
4.880
0.380
0.350
7.950
0.625
0.570
0.520
0.115
0.015
0.025
0.345
0.370
0.065
3.500
0.735
0.590
0.455
1.060
0.710
0.400
0.525
1.210
1.800
0.885
0.080
0.655
3.260
1.800
0.785
0.080
0.295
0.630
1.360
0.970
0.070
6.680
1.980
0.705
6.100
0.105
21.980
4.170
1.960
1.500
4.130
0.495
0.300
0.980
0.330
0.680
0.680
0.095
1.350
0.800
5.750
0.470
0.805
+/
(RM)
VOL
(000)
UNCH
7
0.005 1513.7
0.015
614.1
0.005
396.2
0.025
200.4
-0.005
182.2
0.020
908
UNCH
1167
-0.010
6.3
-0.010
11.9
0.040 1537.2
UNCH
89.9
0.030
0.5
-0.010
32.8
0.030
9
0.035
191.7
UNCH
100
UNCH
73.3
UNCH
31.9
0.005
3
-0.005
10.3
-0.015
333.3
-0.060
91
UNCH
534
0.040
54.2
0.010
112
0.010 1564.8
-0.040 1210.6
0.040
49.5
UNCH
290
-0.040
239.3
0.010
92.2
-0.010 5959.9
-0.010
822.7
0.010 2403.3
UNCH
39
0.010
5
0.020
41.1
-0.005
207.7
UNCH 27015.9
-0.010
105
0.010
48.1
0.030 8350.5
-0.005 1367.3
UNCH
648
UNCH
2
UNCH 2569.4
-0.045
53
-0.005 2053.7
UNCH
10.3
0.010
11
-0.010
10.2
-0.010
8
UNCH
22.5
-0.020
643.1
0.010
22.2
UNCH
205
0.040 2647.6
UNCH
110
UNCH
1
-0.025
60
-0.010
255.7
-0.020
894.5
UNCH
11.6
-0.030 4213.8
-0.015
418.3
UNCH 2587.1
-0.005
3260
-0.025
1.5
-0.005
5
-0.050
59
0.005
160
UNCH
5
0.020
2
0.005
140.1
UNCH
50
-0.010
220.6
0.020
623
0.005
244.6
UNCH
75
UNCH
23.9
0.030
3.2
-0.030
10
UNCH 3430.9
-0.010
82.5
0.005 14254.2
-0.040
43.1
UNCH
185.5
-0.080
22.9
0.030
55.4
0.005
51
-0.050
55.5
0.020 2574.8
UNCH
96.4
0.015 2920.4
UNCH
256.6
UNCH
900
-0.005
765
0.020
1061
UNCH
25
UNCH
650
-0.020
11
0.030 4229.4
0.005
10
UNCH
471.9
-0.025
5
0.020 5743.3
-0.025
56
-0.010
166.7
-0.005
420
-0.015
237.4
UNCH
16.8
UNCH
63.5
0.075
13600
-0.005 11231.1
-0.010
657.3
UNCH
650.1
UNCH
10
-0.010 1463.6
0.040 2003.1
0.010
509.5
0.030
13.1
0.005
770
-0.020 2686.6
-0.030
230.2
0.030
109.6
UNCH
190
0.090 1415.8
-0.010
10.6
-0.005
12.2
0.010 4375.5
0.005
212.4
0.010 3928.6
UNCH
1
0.060
100
UNCH
220
UNCH
106.5
VWAP*
(RM)
PE#
(X)
DY
(%)
2.356 16.40
0.156
21.51
0.569
0.819 15.27
0.871 39.59
0.364
1.855
0.244
1.030
3.439 16.78
0.820
6.98
0.778
9.60
0.560
0.965
1.598
0.487
8.72
0.100
1.007 17.72
25.69
1.598 12.02
0.320
0.237
0.279
3.367
8.39
0.028
1.18
2.011 12.71
0.909 11.71
1.720 13.48
5.05
1.808
8.51
1.679 16.72
0.055
3.905 26.35
1.496 12.01
0.844
6.92
0.770 34.77
1.670
8.28
0.848 14.70
0.370
2.194 27.16
0.327 11.09
0.283
0.430
1.127 16.01
1.366
0.634
7.33
0.860
5.59
0.990
0.834
6.47
0.545
0.924
8.61
0.850 10.21
1.061 20.08
2.356
5.93
0.586 11.45
2.158 10.33
1.497
5.47
1.527 10.38
0.040
0.675
0.225 16.67
0.120
0.831 25.87
0.405
4.579 29.93
3.108 27.88
1.252
6.91
0.927 11.50
0.274
0.195
12.22
0.875 17.40
31.68
0.025
3.209 31.47
0.058
0.800 470.59
2.070 18.06
0.070 12.30
0.150
32.32
2.271 10.33
1.248 20.49
0.179 20.56
0.842
8.97
0.458
2.876 10.74
1.714 14.27
0.050
1.447
0.419 33.60
1.173 18.40
0.380 24.05
6.620 20.96
4.880 29.59
0.377 15.77
7.961 44.17
0.625
9.86
0.564
9.42
0.519
7.95
0.108
0.015
0.025
0.339
0.374
0.065
3.515 10.96
0.734
10.95
0.455
1.068 10.42
0.710
0.402 11.11
0.532 29.66
8.44
10.98
0.884
4.57
0.080
0.654 10.11
3.236 11.81
1.783 16.17
0.770
9.18
0.296
0.631 10.86
1.355 10.29
11.41
0.070
6.685 20.37
2.020 20.06
0.699
8.22
6.096 11.34
0.100
21.978 27.70
4.171
6.67
1.951 20.02
1.504 12.67
4.103 17.59
0.486
11.28
0.971
7.51
71.74
0.692
8.18
0.680 24.46
0.094 32.76
1.350 14.33
31.87
5.741
0.470 13.20
0.802 11.39
5.11
1.83
5.71
1.61
6.31
4.94
2.68
2.48
1.49
2.50
1.20
2.93
5.52
1.74
4.72
2.37
1.15
2.00
4.79
7.10
2.52
3.51
1.45
3.36
1.83
1.08
0.58
2.34
6.38
1.79
6.94
10.00
10.71
3.33
4.27
1.75
3.06
4.89
1.09
3.50
1.71
0.94
1.69
2.00
2.83
1.76
0.80
2.16
1.78
0.69
3.51
2.78
2.56
1.81
2.05
2.11
2.52
3.20
7.02
2.88
4.29
0.88
1.69
1.89
1.90
4.96
3.33
1.67
3.17
3.68
3.09
2.54
4.26
6.23
2.73
4.80
1.22
2.67
2.18
2.94
0.74
2.55
3.73
MKT CAP
(MIL)
48.2
42.9
69.3
74.5
249.8
7.0
117.5
79.9
972.2
74.8
116.3
693.5
100.8
215.2
39.7
59.0
397.5
23.3
27.7
521.2
123.6
300.3
52.6
23.0
34.5
641.8
34.0
1,103.4
414.2
206.4
72.5
46.7
539.2
185.7
42.6
24.3
4,190.1
14.1
797.4
117.6
427.5
634.6
0.5
84.5
27.8
601.1
34.0
51.4
95.4
5.1
95.5
188.1
2,667.9
109.7
181.9
162.6
141.2
90.4
782.9
191.1
91.1
520.3
57.3
529.8
154.8
261.2
123.2
242.2
76.3
93.1
43.1
75.1
63.4
227.9
42.9
7,516.3
171.9
600.1
184.3
354.4
265.5
40.6
243.9
25.6
28.1
1,533.1
54.4
88.4
165.6
32.0
70.6
67.4
13.9
134.4
211.8
1,217.1
88.0
83.7
28.5
1,279.2
266.1
47.2
371.2
905.6
79.7
47.4
4,233.3
23.1
1,764.0
36.5
52.5
6,755.1
155.3
205.2
161.2
37.0
19.7
34.8
247.7
47.4
112.6
145.5
179.7
32.2
19.1
97.5
31.5
90.7
36.8
48.6
216.0
185.9
55.6
143.9
326.0
549.1
222.6
4.4
94.4
122.4
216.5
73.0
66.3
53,440.0
372.2
91.4
605.8
58.8
43,492.5
1,125.9
752.7
120.0
5,417.3
65.1
48.0
107.7
111.2
124.5
201.4
62.2
78.2
33.6
502.9
64.5
184.6
2 6 Markets
BURSA MAL AYSIA MAIN MARKET
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
4.147 3.377
7.980 4.855 7.180

6.960
1.205 0.772 0.950
0.950
1.800 1.230 1.280
1.240
3.629 2.730 3.300
3.180
0.990 0.660
6.737 6.010 6.340

6.230
0.475 0.280 0.290
0.290
0.320 0.150 0.150
0.150
1.350 0.600 0.900
0.885
0.350 0.200
0.770 0.265 0.275

0.265
6.350 2.600 3.080
3.070
0.673 0.397 0.465
0.445
0.710 0.480 0.550
0.550
1.431 1.083 1.260
1.220
3.073 1.373 2.500
2.400
0.818 0.587
1.170 0.690 0.975

0.955
0.425 0.230
2.240 1.400 1.500

1.500
2.504 1.296 1.740
1.710
2.309 1.212 2.230
2.190
3.501 1.879 2.180
2.140
4.730 3.500 3.560
3.500
0.545 0.226 0.450
0.445
0.830 0.310 0.350
0.335
15.100 13.376 14.900 14.800
14.940 14.940
0.190 0.080 0.110

0.100
0.455 0.220
2.210 0.700 1.100

1.100
1.720 0.955 1.080
1.070
0.495 0.220 0.320
0.315
4.580 1.674 4.410
4.370
2.553 1.292 1.730
1.730
0.800 0.600
2.294 1.640 1.680

1.650
2.090 1.619 2.080
2.060
6.940 4.200 4.780
4.710
0.695 0.510 0.530
0.525
0.270 0.140 0.180
0.180
1.670 1.276 1.670
1.650
6.860 3.421 4.540
4.360
1.460 0.700 1.300
1.230
1.700 0.610 1.150
1.140
1.633 1.130 1.360
1.350
1.253 0.635 0.925
0.905
0.400 0.280
2.150 1.430 1.540

1.530
2.781 1.793 2.020
2.010
0.740 0.490 0.715
0.710
0.600 0.405 0.500
0.500
2.345 1.990
1.506 0.894 1.070

1.040
1.391 0.830 1.040
1.030
1.080 0.790 0.850
0.830
0.395 0.160 0.380
0.350
0.800 0.450 0.465
0.455
CONSTRUCTION
0.560 0.260
0.150 0.100 0.135

0.125
0.752 0.539 0.630
0.630
0.738 0.572 0.660
0.645
0.650 0.415 0.435
0.425
0.490 0.360 0.390
0.390
1.044 0.825 0.845
0.840
1.054 0.805 0.910
0.900
1.818 1.500
1.610 0.843 1.590

1.540
1.860 0.840 1.860
1.820
0.625 0.359 0.510
0.505
3.040 1.168 2.990
2.930
4.939 4.120 4.900
4.820
1.200 0.780 0.995
0.980
1.140 0.750 0.840
0.835
1.240 1.240
1.290 1.290
2.115 1.610 1.790

1.770
3.566 2.922 3.450
3.390
0.804 0.602 0.685
0.660
0.672 0.480 0.530
0.530
1.280 0.805 1.040
1.030
0.380 0.195 0.225
0.215
2.487 1.346 2.370
2.300
2.060 1.104 2.060
2.010
1.540 1.090
0.985 0.660
0.450 0.245 0.275

0.275
1.470 0.983 1.420
1.400
0.715 0.330
0.350 0.205 0.250

0.250
1.520 0.975 1.080
1.070
2.465 1.907 2.340
2.320
0.569 0.330 0.435
0.410
1.422 1.150 1.220
1.200
1.783 1.327 1.590
1.570
0.165 0.110 0.120
0.120
3.780 2.896 3.560
3.530
0.912 0.405 0.475
0.465
1.720 1.051 1.650
1.610
0.475 0.300 0.360
0.345
0.513 0.293 0.440
0.425
2.400 0.870 1.910
1.850
0.728 0.445
1.050 0.790 0.920

0.915
1.737 1.175 1.650
1.620
0.865 0.550 0.585
0.585
0.300 0.145 0.195
0.180
TRADING SERVICES
0.495 0.170 0.405
0.400
0.507 0.235 0.235
0.235
3.000 2.434
0.245 0.160 0.200

0.195
3.300 0.972 2.950
2.880
6.871 4.426 6.490
6.320
0.545 0.270 0.285
0.275
0.200 0.075 0.200
0.185
9.824 8.580 8.650
8.580
2.780 1.607 2.340
2.270
0.345 0.040 0.050
0.045
1.145 0.641 0.755
0.745
0.150 0.110 0.110
0.110
3.010 2.351 2.940
2.890
5.200 4.056
0.910 0.309 0.835

0.820
6.392 5.071 5.670
5.610
0.365 0.212 0.355
0.320
1.060 0.640 0.680
0.665
0.570 0.335 0.420
0.395
0.375 0.185 0.210
0.205
7.067 6.238
1.730 1.065 1.730

1.660
2.440 1.664 2.270
2.230
0.440 0.325 0.345
0.335
2.599 1.230 1.630
1.590
0.855 0.610
0.480 0.350 0.375

0.370
3.400 2.821 3.360
3.330
0.215 0.175 0.180
0.175
1.170 0.555 0.855
0.850
2.727 1.788 2.200
2.140
0.880 0.355 0.370
0.360
2.140 1.490 1.490
1.490
3.872 2.483 3.140
3.130
1.050 0.744 1.020
0.955
0.508 0.376
0.600 0.385 0.545

0.470
0.105 0.065
0.910 0.675 0.730

0.725
0.055 0.035 0.040
0.040
2.190 1.453 2.090
2.010
1.320 0.790 1.300
1.280
0.120 0.065 0.070
0.065
1.950 0.985 1.030
1.010
1.328 0.854 1.070
1.050
0.855 0.525 0.845
0.800
1.668 1.480 1.540
1.530
6.020 3.438 5.610
5.540
1.673 1.047 1.530
1.500
0.380 0.220 0.225
0.220
1.356 0.745 0.860
0.800
0.365 0.210
0.295 0.195 0.220

0.215
CODE
COUNTER
CLOSING
(RM)
+/
(RM)
VOL
(000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
YEAR
HIGH
3.980
0.366
0.953
1.544
1.380
0.802
0.552
1.484
0.270
0.260
2.800
1.800
4.600
9.850
2.950
0.480
3.380
0.070
0.410
7.850
1.412
3.235
0.015
0.455
6.759
0.890
1.250
1.969
0.285
0.435
0.395
1.897
0.353
1.644
4.370
1.394
0.650
0.275
0.460
0.350
0.735
1.849
2.620
1.756
0.165
6.720
1.000
2.886
1.450
1.498
0.775
0.900
2.243
1.340
9.050
2.420
0.524
0.090
0.205
0.333
2.380
0.930
0.115
0.937
0.860
2.070
0.145
2.750
0.464
0.661
1.181
1.384
0.135
1.381
1.570
0.390
0.220
1.762
25.801
0.250
6.617
0.250
0.390
3.811
3.259
2.980
1.127
0.200
0.450
0.683
1.010
0.650
0.145
2.395
0.220
0.310
1.310
1.376
1.700
8.808
0.930
2.290
1.530
2.700
3.000
0.175
2.608
0.420
1.616
2.063
14.900
1.850
0.440
0.260
6.961
0.985
1.690
0.550
3.250
1.091
2.989
1.440
1.333
0.700
2.360
0.815
2.909
0.545
4.590
1.300
0.065
3.300
1.170
1.740
FINANCE
15.180
2.414
4.296
10.903
10.614
4.873
1.873
4.180
9.430
4.964
0.500
1.298
13.760
10.100
16.300
2.660
0.868
0.950
0.165
0.690
16.200
1.000
2.980
8.886
1.355
3.570
1.650
1.422
19.960
5134
9822
7811
5170
7247
9237
4731
7239
7366
7073
5145
5163
4324
5181
7115
7155
7248
7132
5665
7143
6904
7207
7235
7106
5012
4022
5149
4448
4448P
5178
7097
7439
9741
6378
7034
7374
7854
7285
5010
7113
7173
4359
7100
7133
7227
4995
6963
5142
7226
7111
7231
7050
7025
5009
4243
7245
5048
7020
7014
SAB
SAM
SAPIND
SCABLE
SCGM
SCIB
SCIENTX
SCNWOLF
SCOMIEN
SEACERA
SEALINK
SEB
SHELL
SIGGAS
SKBSHUT
SKPRES
SLP
SMISCOR
SSTEEL
STONE
SUBUR
SUCCESS
SUPERLN
SUPERMX
TAANN
TADMAX
TAS
TASEK
TASEK-PA
TATGIAP
TAWIN
TECGUAN
TECNIC
TEKALA
TGUAN
TIENWAH
TIMWELL
TOMYPAK
TONGHER
TOPGLOV
TOYOINK
TURIYA
UCHITEC
ULICORP
UMSNGB
VERSATL
VS
WASEONG
WATTA
WEIDA
WELLCAL
WONG
WOODLAN
WTHORSE
WTK
WZSATU
YILAI
YKGI
YLI
3.940
6.960
0.950
1.250
3.180
0.670
6.240
0.290
0.150
0.890
0.205
0.275
3.070
0.460
0.550
1.250
2.500
0.640
0.970
0.290
1.500
1.730
2.210
2.140
3.520
0.445
0.350
14.800
14.940
0.110
0.370
1.100
1.070
0.315
4.400
1.730
0.660
1.660
2.080
4.710
0.530
0.180
1.660
4.390
1.230
1.150
1.360
0.905
0.385
1.540
2.010
0.715
0.500
2.020
1.070
1.040
0.850
0.360
0.460
-0.120
0.020
UNCH
0.010
-0.090
UNCH
-0.005
UNCH
0.005
0.010
0.015
UNCH
0.010
0.120
0.015
UNCH
0.010
0.010
-0.030
-0.020
-0.010
0.015
UNCH
0.010
UNCH
-0.100
-0.005
UNCH
-0.010
UNCH
0.020
-0.090
UNCH
UNCH
UNCH
0.010
-0.070
0.010
0.010
-0.015
-0.010
0.010
0.005
-0.010
0.010
-0.010
0.015
0.010
UNCH
33.2
13
210
517.3
96.2
50
157.8
756.1
98.6
203.7
382.1
1
1646.9
424.7
413.2
2
92.1
62
1562.4
581.7
362.6
75
10.6
681.4
16.7
2.5
5.9
40.7
37.4
98
9.6
7477.8
16
59
139.1
412.7
184
1370
2781.5
3075.1
46.7
17.5
156.3
1
1165.2
202.2
59
7513.6
30
23.07
7.007 10.33
0.950 10.39
1.250 16.51
3.239 19.50
6.267 12.00
0.290
0.150
0.891 45.64
0.270
3.070
6.11
0.454 10.11
0.550
1.251 16.91
2.448 22.44
0.965
1.500
1.726
7.42
2.212 10.53
2.151 14.03
3.530
9.25
0.448
0.340
14.801 23.31
0.108
1.100
6.49
1.078
0.320
4.388
8.51
1.730
5.25
37.93
1.660 10.81
2.073 19.77
4.730 14.76
0.527 29.28
0.180 100.00
1.658 13.26
4.421 18.59
1.257
9.61
1.145
1.354 25.76
0.918
1.534
8.05
2.016 18.44
0.713
0.500 15.87
20.78
1.059
9.12
1.040 16.61
0.844 15.86
0.365
0.460
1.27
2.15
6.32
4.80
2.83
2.00
3.37
2.61
2.80
1.20
3.91
4.62
2.49
1.87
3.55
6.76
7.36
1.36
9.07
5.06
4.81
2.55
1.89
6.36
2.73
2.44
4.04
6.63
1.95
4.58
4.95
2.33
1.61
2.35
539.5
876.2
69.1
396.3
419.8
49.3
2,870.4
25.4
51.3
209.4
102.5
22.0
921.0
86.3
22.0
1,464.3
618.3
28.7
406.8
26.1
313.5
207.6
176.8
1,455.5
1,565.9
217.9
63.0
1,829.6
5.0
17.1
23.8
44.1
43.2
48.2
463.2
250.4
58.8
272.6
265.1
5,910.2
56.7
41.2
736.5
637.4
98.4
134.9
1,599.5
701.3
32.5
205.3
666.6
65.6
20.0
484.8
515.0
354.0
136.0
125.4
47.4
7007
7070
7078
6173
5190
5932
8761
8591
7528
5253
8877
7047
9261
5398
5226
5169
5169PA
5169PB
6238
3336
5268
8834
4723
9083
7161
5171
9628
5129
5006
9571
7595
5924
5085
5703
8311
7055
5070
7145
9598
5205
5263
9717
5054
5622
5042
3565
9679
7028
2283
ARK
ASUPREM
AZRB
BDB
BENALEC
BPURI
BREM
CRESBLD
DKLS
ECONBHD
EKOVEST
FAJAR
GADANG
GAMUDA
GBGAQRS
HOHUP
HOHUP-PA
HOHUP-PB
HSL
IJM
IKHMAS
IREKA
JAKS
JETSON
KERJAYA
KIMLUN
LEBTECH
MELATI
MERGE
MITRA
MLGLOBAL
MTDACPI
MUDAJYA
MUHIBAH
PESONA
PLB
PRTASCO
PSIPTEK
PTARAS
SENDAI
SUNCON
SYCAL
TRC
TRIPLC
TSRCAP
WCEHB
WCT
ZECON
ZELAN
0.320
0.135
0.630
0.660
0.425
0.390
0.840
0.910
1.500
1.560
1.820
0.510
2.980
4.860
0.980
0.835
1.240
1.290
1.780
3.450
0.685
0.530
1.040
0.225
2.360
2.030
1.540
0.805
0.275
1.420
0.715
0.250
1.080
2.330
0.430
1.220
1.580
0.120
3.540
0.465
1.610
0.350
0.435
1.850
0.460
0.920
1.640
0.585
0.180
0.005
UNCH
0.015
-0.010
0.005
UNCH
0.010
UNCH
-0.030
-0.005
UNCH
0.030
-0.005
-0.005
UNCH
UNCH
0.030
0.005
UNCH
UNCH
0.020
0.010
UNCH
0.020
UNCH
0.020
UNCH
0.015
UNCH
UNCH
UNCH
-0.040
-0.005
-0.030
-0.005
0.010
-0.030
-0.005
0.020
UNCH
-0.010
990.3
399.5
11.4
465
30
120
4
1059.7
436.4
345.8
1081.8
3073.2
1184.3
146.8
238.8
3370.8
6410.4
7
291.6
664.6
652.6
1291.9
5.2
285.8
300
373.8
1367.6
2930.4
6
195.2
184
65.5
610.7
6306.4
7521.4
465.8
19
96.4
1692.4
18
2808.9
0.129 450.00
0.630 15.00
0.647
7.64
0.428 19.32
0.390 32.23
0.841 24.35
0.908 21.11
6.15
1.570 12.65
1.839
9.95
0.509 14.29
2.957
7.10
4.872 18.66
0.985
0.837
3.81
1.780 14.40
3.411 21.55
0.673 15.26
0.530
1.035
9.90
0.217
2.355
6.50
2.033
7.22
4.98
0.275
1.405
9.37
6.17
0.250
1.070
2.330 11.86
0.423 16.86
1.203 48.41
1.579
8.34
0.120 12.63
3.542 32.18
0.468
1.622 18.05
0.355 12.32
0.433
9.10
1.866
5.07
54.76
0.916 37.25
1.639 10.46
0.585
2.24
0.187
3.17
6.06
0.71
5.13
3.57
4.40
2.00
2.24
1.10
2.45
1.68
2.47
2.02
1.16
1.35
2.03
1.46
1.69
2.86
2.17
3.52
2.15
2.33
4.10
5.70
5.37
1.08
2.80
1.49
1.83
15.6
39.4
304.6
200.5
345.0
94.7
290.2
161.0
139.0
834.6
1,556.9
185.0
770.7
11,762.0
383.1
292.2
8.5
23.3
1,037.2
12,424.9
356.2
90.6
455.9
42.3
1,196.5
629.9
210.2
96.6
18.4
950.6
64.1
57.9
596.6
1,123.3
281.2
111.4
537.0
38.0
578.9
359.9
2,081.6
112.1
209.0
125.3
80.2
922.5
2,063.0
69.7
152.1
5238
5166
6599
7315
5099
5014
5115
0159
6351
7083
5194
5210
1481
6399
7048
7579
6888
5021
7251
7241
6998
5032
5275
5248
3395
5196
4219
6025
1562
7036
9474
2771
5257
5245
2925
7117
7209
7016
5104
5136
5037
5184
5276
0091
5141
5132
7212
7277
5908
5216
2097
5259
5036
7471
AAX
AEGB
AEON
AHB
AIRASIA
AIRPORT
ALAM
AMEDIA
AMWAY
ANALABS
APFT
ARMADA
ASB
ASTRO
ATLAN
AWC
AXIATA
AYS
BARAKAH
BHS
BINTAI
BIPORT
BISON
BJAUTO
BJCORP
BJFOOD
BJLAND
BJMEDIA
BJTOTO
BORNOIL
BRAHIMS
BSTEAD
CARIMIN
CARING
CCB
CENTURY
CHEETAH
CHUAN
CNI
COMPLET
COMPUGT
CYPARK
DANCO
DAYA
DAYANG
DELEUM
DESTINI
DIALOG
DKSH
DSONIC
EASTLND
EATECH
EDARAN
EDEN
0.400
0.235
2.900
0.200
2.900
6.450
0.275
0.190
8.650
2.340
0.050
0.750
0.110
2.900
4.990
0.825
5.650
0.350
0.670
0.410
0.205
6.710
1.710
2.260
0.340
1.610
0.650
0.375
3.330
0.175
0.855
2.200
0.360
1.490
3.130
0.970
0.435
0.510
0.085
0.730
0.040
2.040
1.300
0.070
1.030
1.070
0.840
1.540
5.610
1.510
0.225
0.820
0.270
0.215
-0.005
6313
-0.005
24
-0.005
45
-0.040 9982.2
0.050 1632.3
-0.010 1611.4
UNCH 15455.6
0.070
12.6
0.030
14
UNCH
550.5
-0.005 7222.5
UNCH
321
-0.030 1413.3
-0.005 4411.2
0.030 4372.3
0.015 2792.4
-0.015
158
0.005
403.6
UNCH
195
0.070
157.6
0.010 3783.4
UNCH 2493.1
0.030
282.1
UNCH
5.1
-0.020
159.5
UNCH 6760.7
UNCH
21
0.060
323.9
-0.010
250.8
-0.010
1
UNCH
12
0.005 20035.5
0.020
1520
-0.005
136
0.005
10
-0.050
469.2
UNCH
720.8
0.005
1772
0.020
870.5
0.010
62.4
0.040 17638.3
0.010
3286
0.030
6.4
-0.020 3541.3
UNCH
164.8
UNCH 1286.3
-0.005
383.7
42.55
1.38
1.38
1.32
3.47
1.28
1.09
2.27
4.54
5.39
3.54
2.86
2.99
3.58
4.49
2.94
3.42
4.95
6.47
1.34
1.60
4.12
1.72
1.12
3.53
4.11
2.45
3.40
4.44
1.43
1.69
1.99
2.74
1,659.3
96.3
4,071.6
32.0
8,070.6
10,701.8
254.2
45.5
1,421.9
140.5
23.9
4,399.7
73.0
15,094.5
1,265.7
216.4
50,432.8
133.1
552.8
171.8
44.0
3,086.6
530.2
2,593.3
1,674.0
609.1
3,250.2
88.2
4,498.9
530.0
202.0
4,459.4
84.2
324.4
315.3
371.9
55.5
86.0
61.2
89.4
85.4
516.0
193.7
129.7
903.4
428.0
868.1
8,144.6
884.5
2,038.5
55.3
413.3
16.2
66.9
0.402
0.235
0.196
2.898
6.456
0.279
0.195
8.599
2.328
0.045
0.753
0.110
2.910
0.824
5.638
0.344
0.671
0.408
0.206
1.700
2.244
0.341
1.609
0.372
3.345
0.176
0.850
2.177
0.362
1.490
3.133
0.987
0.516
0.730
0.040
2.038
1.297
0.070
1.018
1.061
0.822
1.532
5.582
1.513
0.221
0.840
0.220
67.80
35.07
17.24
5.90
14.18
34.60
9.92
23.37
27.61
12.17
25.78
8.35
74.44
21.84
13.05
30.04
14.57
16.06
24.64
24.32
45.15
5.97
16.28
22.89
39.53
5.63
23.53
10.30
12.75
12.19
12.83
22.22
27.02
19.11
28.49
8.86
YEAR
LOW
DAY
HIGH
DAY
LOW
2.910 3.450
3.400
0.202 0.240
0.240
0.790
1.058 1.350
1.330
1.060 1.330
1.300
0.550 0.560
0.555
0.400 0.425
0.415
1.140 1.210
1.200
0.125 0.165
0.155
0.110 0.195
0.195
1.996 2.660
2.570
1.024 1.580
1.550
3.806 4.530
4.490
6.855 8.110
7.940
1.309 2.940
2.900
0.380 0.400
0.400
2.008 3.380
3.340
0.060
0.240 0.260
0.260
5.096 7.770
7.710
0.880 1.020
1.000
2.665
0.005 0.010
0.005
0.305 0.310
0.305
5.743 6.690
6.570
0.725 0.790
0.790
0.890 0.890
0.890
1.530 1.550
1.540
0.210 0.250
0.250
0.315 0.330
0.330
0.180 0.265
0.265
1.630 1.840
1.820
0.226 0.325
0.305
1.231
4.033 4.290
4.280
0.923 1.170
1.160
0.375 0.535
0.535
0.135 0.145
0.145
0.232 0.425
0.420
0.230 0.305
0.290
0.470 0.475
0.470
1.153 1.740
1.710
2.190 2.380
2.370
1.446 1.660
1.640
0.131 0.150
0.150
5.270 6.270
6.220
0.510 0.780
0.765
1.891 2.620
2.570
0.740
0.994 1.350
1.330
0.472 0.715
0.715
0.570
1.634 2.040
2.020
0.875 1.030
1.010
6.789 7.730
7.580
1.580 2.300
2.230
0.260 0.300
0.280
0.060 0.080
0.075
0.145 0.150
0.145
0.215 0.225
0.215
2.160 2.200
2.160
0.560 0.790
0.790
0.065 0.080
0.080
0.660
0.626 0.815
0.810
1.245 1.990
1.960
0.085 0.085
0.085
1.890 2.240
2.160
0.392 0.430
0.430
0.509 0.555
0.550
0.715 0.790
0.775
0.976 1.150
1.130
0.055 0.080
0.075
0.910 1.000
0.995
1.530
0.145 0.155
0.150
0.135 0.150
0.150
1.440 1.640
1.610
20.869 23.380 23.240
0.030
5.412 5.660
5.500
0.135 0.140
0.140
0.205
1.968 3.380
3.310
1.690 2.260
2.180
2.150 2.270
2.270
0.774 0.980
0.970
0.125 0.175
0.170
0.340 0.350
0.340
0.528 0.610
0.600
0.625 1.010
0.940
0.400
0.100 0.110
0.110
1.698 2.140
2.110
0.130 0.140
0.135
0.175 0.180
0.180
0.968
1.120 1.170
1.160
1.293 1.520
1.500
6.921 7.900
7.850
0.700 0.800
0.750
1.290 1.620
1.600
1.270 1.330
1.310
2.206 2.600
2.560
2.280
0.090 0.095
0.090
1.820 1.980
1.960
0.295 0.310
0.305
1.159 1.460
1.450
1.400 1.510
1.510
10.754 14.500 14.300
1.323 1.600
1.560
0.275
0.060 0.190
0.175
6.186 6.900
6.860
0.530 0.985
0.970
0.916 1.630
1.600
0.330
2.520 3.200
3.200
0.810 0.820
0.820
2.314
0.875 0.935
0.905
1.060 1.230
1.180
0.455 0.465
0.460
1.610 1.730
1.730
0.400
2.030
0.410
3.501 4.440
4.380
0.916 1.160
1.110
0.025
2.494 3.290
3.230
0.530 1.110
1.080
1.450 1.740
1.710
10.535
2.074
3.018
9.702
9.572
4.077
1.426
3.170
7.517
3.789
0.310
1.192
12.164
7.327
12.497
1.864
0.635
0.842
0.105
0.460
13.623
0.475
2.690
7.750
0.685
2.400
1.310
1.270
16.775
15.000
2.160
3.900
10.320
4.350
1.620
4.050
8.840
4.930
1.220
13.180
15.780
0.725
0.950
0.150
0.495
16.000
0.985
7.960
0.880
3.050
1.400
1.300
19.900
14.820
2.130
3.850
10.220
4.320
1.550
4.020
8.780
4.860
1.220
13.060
15.520
0.690
0.940
0.140
0.475
15.980
0.980
7.900
0.865
3.020
1.390
1.290
19.740
CODE
1368
0064
5081
5208
5056
6939
9318
7210
0128
9377
5209
0078
4715
3182
3204
7676
7668
7110
7253
3034
2062
5008
7013
5255
5225
5614
5673
0058
8923
8672
5079
6491
0151
5035
5878
5843
9121
4847
6874
7170
8486
5143
3859
5264
3514
6012
5077
5983
7189
4502
5090
7234
3069
5186
3816
2194
0059
0043
3891
3905
0138
9806
4464
5533
0172
5201
3018
5260
8419
5125
5657
5041
6254
5133
7108
0047
7080
5219
5681
7027
7081
7201
7163
4634
5204
8346
5272
0037
8885
8567
5147
7185
9113
0099
7158
7045
7053
9792
5250
4197
9431
5218
5242
6084
9865
1201
6521
5173
8524
5140
5347
8702
7228
7206
4863
0101
8397
7218
5711
5167
7137
5243
7091
5754
7250
7240
5016
7692
5246
5267
7122
7293
7066
4677
5139
5185
2488
1163
1163PA
1015
5088
5258
1818
1023
2143
5228
5819
5274
1082
6688
3379
3379PA
3441
6483
8621
1198
1058
1155
1171
6459
5237
6009
1295
COUNTER
CLOSING
(RM)
+/
(RM)
VOL
(000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
4.41
3.89
2.99
0.56
4.50
1.41
4.17
3.41
0.64
1.62
0.44
1.71
1.50
4.44
3.23
2.45
4.76
0.45
3.16
3.37
2.26
4.89
1.56
1.60
1.59
3.45
1.18
4.09
5.49
3.31
4.67
3.20
1.30
2.30
5.26
6.31
3.43
4.24
1.69
2.07
0.55
1.43
0.74
3.03
4.65
3.80
3.29
2.01
1.30
1.07
2.58
4.46
4.36
3.50
1.56
1.85
2.94
3.28
3.02
4.23
4.41
11.21
1.51
3.18
1.25
0.83
1.21
7.00
2.61
3.54
5.48
2.98
2.01
9.38
3.11
0.14
3.07
1.17
6.10
2.26
2.94
3.20
2.97
1.35
0.61
5.49
2,827.5
170.2
209.6
174.2
404.4
294.1
204.2
214.6
168.5
24.9
3,299.9
2,171.7
26,780.6
29,775.2
877.2
94.4
683.4
5.2
41.6
19,245.2
408.4
215.7
63.3
364.9
54,575.7
140.6
64.5
217.0
37.9
65.3
33.4
517.7
71.2
124.6
4,543.2
578.8
79.1
58.4
236.5
55.4
110.0
470.7
3,407.5
8,300.0
158.1
46,939.2
770.0
1,019.8
103.8
1,475.2
1,206.4
29.4
819.9
1,632.0
34,192.7
6,851.4
47.2
60.7
439.9
753.0
5,217.1
47.5
69.1
72.0
705.9
917.2
87.0
524.2
120.4
339.1
864.2
377.6
65.2
320.1
1,198.8
185.6
29.4
1,224.1
23,127.6
2.8
1,452.5
92.1
11.3
1,793.7
1,084.2
227.0
866.1
224.3
300.5
413.4
135.3
74.3
24.9
757.1
258.9
421.5
53.3
867.8
1,874.7
49,730.8
32.4
9,707.3
219.3
1,898.1
140.3
348.0
570.6
366.0
1,765.9
302.0
81,493.7
198.6
114.5
207.4
25,854.6
1,706.9
686.0
17.6
219.2
88.6
108.2
1,989.0
153.0
50.9
503.3
85.8
136.4
19.2
15,004.0
199.8
24.4
3,562.5
174.8
18,686.0
3.96
3.73
3.77
0.63
0.76
3.57
3.16
3.03
3.98
2.86
5.53
3.07
0.84
2.42
3.79
1.43
8.51
4.69
6.09
3.18
6.79
3.33
8.00
2.93
2,160.0
4,157.9
5,960.2
1,778.3
904.8
13,081.6
337.4
6,386.5
4,713.8
42,771.4
114.6
292.4
28,353.8
2,493.7
18,016.0
673.6
485.3
124.6
93.4
362.2
5,311.8
288.3
572.7
79,570.2
5,044.9
645.6
993.9
319.7
76,866.3
EDGENTA
EFFICEN
EIG
EITA
ENGTEX
FIAMMA
FITTERS
FREIGHT
FRONTKN
FSBM
GASMSIA
GDEX
GENM
GENTING
GKENT
GUNUNG
HAIO
HAISAN
HANDAL
HAPSENG
HARBOUR
HARISON
HUBLINE
ICON
IHH
ILB
IPMUDA
JCBNEXT
JIANKUN
KAMDAR
KBES
KFIMA
KGB
KNUSFOR
KPJ
KPS
KPSCB
KTB
KUB
LFECORP
LIONFIB
LUXCHEM
MAGNUM
MALAKOF
MARCO
MAXIS
MAYBULK
MBMR
MBWORLD
MEDIA
MEDIAC
MESB
MFCB
MHB
MISC
MMCCORP
MMODE
MTRONIC
MUIIND
MULPHA
MYEG
NATWIDE
NICORP
OCB
OCK
OLDTOWN
OLYMPIA
OWG
PANSAR
PANTECH
PARKSON
PBA
PDZ
PENERGY
PERDANA
PERISAI
PERMAJU
PESTECH
PETDAG
PETONE
PHARMA
PICORP
PJBUMI
POS
PRESBHD
PRKCORP
RANHILL
RGB
RPB
SALCON
SAMCHEM
SAMUDRA
SANBUMI
SCICOM
SCOMI
SCOMIES
SEEHUP
SEG
SEM
SIME
SJC
SKPETRO
SOLID
STAR
SUIWAH
SUMATEC
SURIA
SYSCORP
TALIWRK
TASCO
TENAGA
TEXCHEM
TGOFFS
THHEAVY
TM
TMCLIFE
TNLOGIS
TOCEAN
TSTORE
TURBO
UMS
UMWOG
UNIMECH
UTUSAN
UZMA
VOIR
WARISAN
WIDETEC
WPRTS
XINHWA
YFG
YINSON
YONGTAI
YTL
3.400
0.240
0.900
1.340
1.330
0.555
0.425
1.200
0.160
0.195
2.570
1.570
4.510
7.940
2.920
0.400
3.380
0.065
0.260
7.730
1.020
3.150
0.005
0.310
6.630
0.790
0.890
1.550
0.250
0.330
0.265
1.840
0.320
1.250
4.280
1.160
0.535
0.145
0.425
0.305
0.475
1.710
2.370
1.660
0.150
6.250
0.770
2.610
1.130
1.330
0.715
0.700
2.040
1.020
7.660
2.250
0.290
0.080
0.150
0.220
2.170
0.790
0.080
0.700
0.810
1.980
0.085
2.240
0.430
0.550
0.790
1.140
0.075
0.995
1.540
0.150
0.150
1.640
23.280
0.055
5.600
0.140
0.225
3.340
2.240
2.270
0.975
0.170
0.350
0.610
0.995
0.400
0.110
2.130
0.135
0.180
1.020
1.160
1.520
7.860
0.800
1.620
1.320
2.570
2.300
0.090
1.980
0.305
1.460
1.510
14.440
1.600
0.300
0.185
6.880
0.985
1.630
0.430
3.200
0.820
2.660
0.920
1.190
0.460
1.730
0.650
2.030
0.430
4.400
1.110
0.040
3.260
1.090
1.730
0.010
154.2
UNCH
18
UNCH
72.2
0.010
167.6
-0.005
235
UNCH
280.8
-0.010
68
-0.005 7312.9
UNCH
2
-0.050
221
UNCH
103.9
-0.010 1885.7
-0.190 2105.5
0.030 1514.5
0.005
2
0.050
217.7
-0.010
22
-0.030
674.4
UNCH
273.7
UNCH 2647.6
0.005 1361.7
-0.020 3385.9
-0.040
10
UNCH
6.5
0.020
22.4
0.010
170.4
-0.005
13.6
UNCH
8.8
UNCH
62.1
0.015
251
-0.010
11
-0.010
261
-0.005
90
UNCH
456
UNCH 1358.2
0.005
79.7
0.005
82
-0.010
85.3
UNCH
90.6
0.020 2273.9
UNCH
35
-0.010 2738.7
UNCH
762.5
0.040
372.7
UNCH
217
0.005
198.2
0.020
70
UNCH
716.4
0.010
402.7
-0.010
4147
0.010
774.1
UNCH 2796.1
UNCH
66.5
UNCH 2129.7
-0.020 4124.1
-0.020
1.6
UNCH
294.5
-0.005
141
0.010
231.5
UNCH
659.5
0.070
443.2
UNCH
100
-0.005
58.8
UNCH
541.3
UNCH
58.1
UNCH 1874.7
UNCH
104.4
-0.005 4532.6
UNCH
10
0.010
408.6
-0.020 1021.1
-0.050
66.8
UNCH
46.5
-0.010
877.8
0.070 1088.6
0.010
2.9
0.010
392.4
UNCH
881.5
-0.010
96
0.005
471.2
0.050
872.4
UNCH
3
UNCH
74.9
-0.005 1496.9
UNCH
48
-0.010
688.9
0.010
352.1
UNCH 5901.5
0.090
9.1
0.010
10966
UNCH
83.2
-0.020
863.9
UNCH 4887.7
UNCH
91.6
-0.005
238
0.010
177.6
-0.010
3
-0.120 7211.2
0.010
20.1
0.010 21994.4
UNCH
2996
0.015 1400.4
0.010
734.6
UNCH
3
0.010
13.3
0.010 5048.9
0.010
59.1
-0.010
16
-0.060
1
-0.020 2749.2
UNCH
806.4
-0.010
191.9
-0.010 1116.6
0.010 7779.4
3.404 25.68
0.240
3.95
10.99
1.339
7.64
1.308
8.41
0.559
5.45
0.421 44.27
1.203 10.48
0.160 100.00
0.195
2.624 28.88
1.567 59.70
4.513 19.58
8.014 26.22
2.924 15.92
0.400
3.363 18.08
0.260
8.70
7.726 17.95
1.015
6.92
15.67
0.005
0.306
6.630 53.68
0.790
0.890
1.546
9.02
0.250
0.330
0.265
1.829
8.87
0.314
4.281 34.68
1.162
4.13
0.535
4.60
0.145
0.422 22.61
0.295 27.98
0.472
1.725
9.37
2.372 20.15
1.651
3.39
0.150
9.15
6.257 24.77
0.770
2.609 17.94
40.79
1.338 12.19
0.715
3.14
10.69
2.034
5.99
1.014
7.667 10.84
2.281
0.293
5.23
0.079 10.96
0.149
0.220
5.18
2.177 36.47
0.790
0.080 44.44
12.03
0.814 14.81
1.980 15.63
0.085
2.201 40.43
0.430 12.68
0.551
9.17
0.784
1.140
8.56
0.075
0.997 22.56
0.150
0.150
1.625 16.73
23.291 32.48
3.67
5.596 20.90
0.140
3.339 24.85
2.208 72.73
2.270
0.975 13.87
0.170
9.71
0.350
0.605
0.976 23.80
0.110
2.120 18.04
0.135 90.00
0.180
4.76
1.161 59.18
1.510 29.57
7.859 20.32
0.762 24.32
1.612
1.319 37.71
2.579 14.36
16.97
0.090 15.25
1.962 10.17
0.307 47.66
1.459 20.68
1.510
9.90
14.407 12.68
1.560
0.183
6.882 31.53
0.979 97.52
1.615
7.58
55.13
3.200 34.82
0.820 17.01
12.06
0.923
1.196 14.44
0.465
1.730 56.72
95.59
83.54
19.20
4.404 25.27
1.137 13.64
3.243 14.46
1.095 17.55
1.729 19.44
AEONCR
AFFIN
AFG
ALLIANZ
ALLIANZ-PA
AMBANK
APEX
BIMB
BURSA
CIMB
ECM
ELKDESA
HLBANK
HLCAP
HLFG
HWANG
INSAS
INSAS-PA
JOHAN
KENANGA
LPI
MAA
MANULFE
MAYBANK
MBSB
MNRB
MPHBCAP
P&O
PBBANK
15.000
2.140
3.850
10.300
10.200
4.340
1.580
4.020
8.790
4.900
0.400
1.220
13.080
10.100
15.700
2.640
0.700
0.940
0.150
0.495
16.000
0.985
2.830
7.950
0.870
3.030
1.390
1.300
19.800
0.100
UNCH
-0.050
UNCH
-0.020
-0.070
-0.060
-0.060
-0.020
UNCH
-0.080
0.060
-0.005
UNCH
0.015
0.015
0.020
UNCH
UNCH
-0.005
UNCH
-0.010
0.010
-0.080
14.963
2.139
3.865
10.298
4.338
1.556
4.020
8.803
4.888
1.220
13.089
15.675
0.709
0.949
0.145
0.493
15.999
0.984
7.943
0.871
3.033
1.391
1.295
19.796
17.2
977.5
736.5
36.9
363
47
72.5
283.5
9916.1
97.2
192.1
66.1
2796.3
21.8
3368.5
150.5
59.3
285.2
3707.4
3088.2
90
2.4
18.5
2827
74.63
9.18
11.03
5.54
10.14
19.70
11.20
23.40
12.63
61.54
10.07
12.71
39.45
12.79
18.42
6.01
21.81
11.65
33.05
19.83
12.53
17.30
19.31
14.13
14.77
Markets 2 7
BURSA MAL AYSIA MAIN MARKET . ACE MARKET
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
1.230 0.667
6.280 4.560
0.675 0.490
4.440 3.654
1.720 1.063
PROPERTIES
0.925 0.710
1.200 0.760
0.495 0.378
0.235 0.160
0.630 0.415
0.610 0.440
0.909 0.710
1.250 0.900
2.058 1.412
1.672 1.245
2.360 1.968
1.080 0.540
1.838 1.364
0.335 0.225
1.670 1.200
0.900 0.590
2.286 1.681
0.920 0.700
0.563 0.443
0.898 0.700
0.460 0.351
0.656 0.345
1.459 1.040
0.600 0.400
1.888 1.655
0.620 0.442
1.313 0.910
2.658 2.171
2.620 1.852
0.500 0.340
1.140 0.755
0.245 0.180
0.070 0.045
1.056 0.862
1.720 1.080
0.460 0.330
1.471 1.232
1.760 1.244
0.290 0.220
1.116 0.834
1.630 1.187
0.799 0.570
2.580 2.098
1.380 1.080
0.615 0.490
1.070 0.570
0.356 0.255
2.980 1.978
0.457 0.300
0.255 0.140
1.482 0.970
1.300 0.630
0.390 0.260
2.740 1.710
3.216 2.446
1.688 1.473
1.683 1.263
0.585 0.280
1.510 1.233
2.200 1.630
0.285 0.210
1.682 0.759
0.910 0.680
1.051 0.837
0.635 0.400
3.150 2.677
0.185 0.130
0.976 0.726
5.482 4.111
3.490 2.626
0.945 0.810
3.240 2.836
0.822 0.651
0.295 0.225
6.985 5.903
0.070 0.045
1.580 1.116
0.180 0.065
0.580 0.195
0.090 0.045
1.800 1.350
1.149 0.802
1.344 0.834
2.630 1.728
1.309 1.030
1.440 0.880
1.840 1.530
0.750 0.575
MINING
1.330 1.150
PLANTATIONS
0.367 0.205
18.200 16.414
9.478 7.782
1.540 1.191
0.813 0.620
8.330 7.336
0.550 0.415
7.880 6.826
2.390 1.180
11.516 9.514
0.687 0.500
1.580 0.983
1.020 0.790
2.459 1.914
3.746 2.947
0.735 0.637
0.785 0.550
4.985 3.707
25.000 20.028
3.569 3.000
3.535 2.299
0.645 0.365
1.580 1.160
1.750 1.550
0.979 0.770
2.778 1.922
4.466 3.720
0.350 0.190
1.220 0.800
0.675 0.470
4.080 3.442
3.300 2.950
0.825 0.450
4.967 3.490
2.062 1.702
0.793 0.528
1.480 1.060
1.750 1.300
2.177 1.712
6.124 5.304
27.900 23.977
HOTELS
0.675 0.502
1.160 0.735
0.345 0.230
6.135 4.800
TECHNOLOGY
0.890 0.600
0.345 0.185
0.175 0.090
0.430 0.250
0.255 0.140
0.235 0.150
0.285 0.190
1.747 1.259
1.949 0.582
2.056 1.264
1.190 0.710
0.305 0.210
0.289 0.200
6.696 2.750
0.690 0.510
3.912 2.546
0.170 0.100
0.851 0.510
8.200 3.700
0.250 0.105
10.480 6.303
1.210
5.040
0.505
4.350
1.690
1.190
4.960
0.500
4.350
1.650
9296
1066
4898
6139
5230
0.845
1.020
0.435
0.165
0.450
0.590
0.770
1.040
1.530
2.170
0.715
1.710
0.270
1.350
0.670
1.940
0.785
0.505
0.775
0.400
0.370
1.240
1.870
0.600
0.990
2.560
2.620
0.410
0.915
0.215
0.055
1.180
0.445
0.250
0.990
1.610
0.650
2.530
0.500
0.930
2.810
0.320
0.160
1.320
0.265
1.750
2.950
1.570
1.400
0.560
1.510
1.740
0.260
1.200
0.690
0.910
0.420
3.090
0.140
4.640
3.430
0.820
3.120
0.705
0.235
0.045
1.530
0.070
0.050
1.510
1.040
1.110
2.610
1.100
1.610
0.580
0.835
1.020
0.435
0.165
0.450
0.590
0.720
1.040
1.450
2.160
0.695
1.680
0.265
1.330
0.670
1.910
0.785
0.505
0.765
0.395
0.365
1.190
1.840
0.575
0.990
2.550
2.560
0.405
0.905
0.200
0.055
1.150
0.430
0.250
0.990
1.590
0.625
2.500
0.495
0.910
2.760
0.310
0.160
1.290
0.260
1.730
2.950
1.560
1.380
0.550
1.500
1.740
0.250
1.160
0.685
0.885
0.420
3.090
0.140
4.620
3.310
0.820
3.080
0.690
0.230
0.045
1.510
0.065
0.045
1.510
1.030
1.090
2.520
1.050
1.590
0.580
1007
5959
1007PA
4057
6602
9814
3239
5738
6718
5049
5355
3484
3417
3557
8206
6076
8613
6815
6041
5020
9962
1147
1503
7010
5062
4251
5084
1597
5249
5175
1589
6769
3115
7323
5038
3174
8494
5789
3573
7617
8583
6181
5236
5182
5040
1694
8141
6114
8893
6548
1651
9539
3913
5073
5827
5053
1724
6912
1945
5075
2208
4596
5207
2224
4286
6017
4375
5213
1783
8664
3743
5211
1538
5158
2305
2259
5191
2429
7889
7079
5239
5401
5148
5200
2976
7003
3158
2577
1.200
1.180
2186
KUCHAI
0.210
18.040
1.510
0.675
0.430
2.290
10.860
0.530
3.300
0.665
4.500
23.980
3.280
0.535
1.240
0.815
0.230
0.490
3.090
0.580
3.920
0.680
1.090
1.910
5.750
27.600
0.210
18.040
1.500
0.675
0.420
2.250
10.700
0.520
3.290
0.650
4.440
23.660
3.270
0.530
1.240
0.815
0.220
0.490
3.090
0.550
3.900
0.665
1.080
1.870
5.730
27.300
7054
1899
5069
5254
8982
1929
3948
5029
5222
2291
7382
2135
7501
5138
2216
2607
6262
1961
2445
2453
5027
1996
6572
4936
5026
5047
2038
1902
9695
5113
2542
2569
4316
5126
5135
2054
5112
5251
9059
2593
2089
AASIA
BKAWAN
BLDPLNT
BPLANT
CEPAT
CHINTEK
DUTALND
FAREAST
FGV
GENP
GLBHD
GOPENG
HARNLEN
HSPLANT
IJMPLNT
INCKEN
INNO
IOICORP
KLK
KLUANG
KMLOONG
KRETAM
KWANTAS
MALPAC
MHC
NPC
NSOP
PINEPAC
PLS
RSAWIT
RVIEW
SBAGAN
SHCHAN
SOP
SWKPLNT
TDM
THPLANT
TMAKMUR
TSH
UMCCA
UTDPLT
0.790
0.255
5.320
0.770
0.245
5.200
5592
1643
1287
5517
GCE
LANDMRK
PMHLDG
SHANG
0.275
0.120
0.325
0.170
0.285
1.520
1.520
1.850
0.840
0.260
3.280
0.540
3.350
0.555
7.900
0.125
8.110
0.270
0.115
0.320
0.165
0.275
1.510
1.510
1.820
0.830
0.250
3.140
0.540
3.280
0.540
7.780
0.120
8.000
7031
5195
0051
7204
8338
0029
4456
5162
0065
0090
0021
0082
0056
7022
5028
0166
9393
5161
9334
0143
3867
AMTEL
CENSOF
CUSCAPI
D&O
DATAPRP
DIGISTA
DNEX
ECS
EFORCE
ELSOFT
GHLSYS
GPACKET
GRANFLO
GTRONIC
HTPADU
INARI
ITRONIC
JCY
KESM
KEYASIC
MPI
CODE
COUNTER
CLOSING
(RM)
+/
(RM)
VOL
(000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
RCECAP
RHBBANK
TA
TAKAFUL
TUNEPRO
1.190
4.980
0.500
4.350
1.650
-0.010
-0.070
-0.005
-0.010
-0.040
743.1
498.4
67.6
2.2
749.4
1.195
4.984
0.500
4.350
1.658
8.06
8.57
21.80
14.52
2.94
1.00
1.10
3.30
3.03
409.4
19,970.0
856.0
3,571.1
1,240.4
AMPROP
A&M
AMPROP-PA
ASIAPAC
BCB
BERTAM
BJASSET
CHHB
CRESNDO
CVIEW
DAIMAN
DBHD
E&O
ECOFIRS
ECOWLD
ENCORP
ENRA
EUPE
FARLIM
GLOMAC
GMUTUAL
GOB
GUOCO
HOOVER
HUAYANG
IBHD
IBRACO
IGB
IOIPG
IVORY
IWCITY
JKGLAND
KBUNAI
KEN
KSL
L&G
LBICAP
LBS
LIENHOE
MAGNA
MAHSING
MALTON
MATRIX
MCT
MEDAINC
MENANG
MJPERAK
MKH
MKLAND
MPCORP
MRCB
MUH
MUIPROP
NAIM
OIB
OSK
PARAMON
PASDEC
PJDEV
PLENITU
PTGTIN
SAPRES
SBCCORP
SDRED
SEAL
SHL
SMI
SNTORIA
SPB
SPSETIA
SUNSURIA
SUNWAY
SYMLIFE
TAGB
TAHPS
TALAMT
TAMBUN
TANCO
THRIVEN
TIGER
TITIJYA
TROP
UEMS
UOADEV
WINGTM
Y&G
YNHPROP
YTLLAND
0.845
1.020
0.435
0.165
0.450
0.590
0.770
1.040
1.530
1.370
2.160
0.700
1.690
0.270
1.330
0.670
1.920
0.785
0.505
0.770
0.395
0.365
1.220
0.450
1.840
0.585
0.990
2.550
2.620
0.410
0.910
0.210
0.055
0.880
1.150
0.440
1.330
1.720
0.250
0.990
1.600
0.650
2.510
1.150
0.500
0.910
0.300
2.800
0.310
0.160
1.300
0.640
0.265
1.730
2.950
1.560
1.380
0.550
1.500
1.740
0.250
1.180
0.690
0.885
0.420
3.090
0.140
0.840
4.620
3.320
0.820
3.100
0.690
0.235
6.200
0.045
1.530
0.065
0.225
0.045
1.510
1.040
1.090
2.600
1.100
0.940
1.610
0.580
UNCH
-0.010
UNCH
UNCH
-0.005
UNCH
0.005
UNCH
UNCH
0.010
-0.015
-0.020
UNCH
-0.010
-0.030
0.070
-0.015
-0.015
-0.005
-0.005
-0.005
UNCH
-0.030
UNCH
-0.010
-0.010
0.040
0.005
-0.005
0.010
UNCH
-0.030
UNCH
-0.010
UNCH
UNCH
0.025
UNCH
-0.005
-0.015
0.040
-0.005
-0.015
UNCH
0.005
-0.010
UNCH
UNCH
-0.020
-0.010
UNCH
UNCH
0.005
-0.020
-0.005
0.005
UNCH
UNCH
UNCH
-0.020
-0.110
-0.015
-0.020
-0.015
0.005
UNCH
0.010
UNCH
-0.005
0.020
UNCH
-0.010
0.030
0.020
UNCH
UNCH
11.4
3.6
0.6
230
122
50
12.5
17
6
14
49.5
382.4
24.9
1370.1
1.9
12
10
1
199
408.8
932
53.2
49
781.8
10
26
2216.9
85.7
460.5
545.9
175
642.8
2932.5
22.7
22.5
2989.2
656.1
997.3
568
366
481.6
385.2
75
1644.9
69
193.2
0.8
110.5
108.5
164.5
317.3
13.5
14
369.6
383
14
1
1
7
38
191.9
0.2
505.8
298.3
46
123
277
89.5
910
1
80.8
2349.6
1232.1
165.5
2.5
77.8
0.844 18.53
1.020 16.29
0.435
0.165
1.99
0.450
6.62
0.590
0.742
1.040
1.463 26.33
7.90
2.164 24.03
0.700
1.701 123.36
0.267 11.79
1.343 37.15
0.670 12.74
1.919 38.79
0.785 35.52
0.505
3.21
0.770
6.83
0.395
7.63
0.365
1.203
6.43
1.846
4.67
0.590 11.43
0.990 10.25
2.557 16.61
2.581
9.92
0.410 22.40
0.910 284.38
0.207
7.47
0.055
6.72
1.159
5.43
0.438
5.68
4.08
11.80
0.250
0.990
0.89
1.600 11.20
0.640
7.82
2.511
9.59
19.76
0.498
0.912 17.95
5.84
2.788
6.54
0.315 22.79
0.160
1.303 27.66
5.10
0.262 331.25
1.731
2.950 10.64
1.562
3.41
1.386
9.11
0.551
1.501 15.58
1.740 13.08
0.257
4.76
1.180
1072
0.690 46.31
0.903 14.39
0.420
3.090
9.37
0.140
13.23
4.623
3.20
3.334 13.05
0.820 19.85
3.101
9.31
0.693 12.41
0.233
22.86
0.045
1.525
6.83
0.065
14.42
0.045
1.510
7.83
1.036
7.46
1.098 29.86
2.587
8.04
1.064 38.87
12.13
1.600 31.63
0.580 28.02
3.55
1.47
4.60
1.82
1.30
3.27
5.11
2.31
1.18
1.56
3.96
5.19
2.53
1.37
1.64
7.07
2.22
3.54
3.92
3.05
1.43
3.41
6.09
4.55
5.26
2.03
8.08
4.06
4.62
5.94
1.74
7.13
2.50
9.68
1.92
2.02
2.71
3.21
5.98
4.67
2.59
2.54
0.67
2.82
6.47
2.38
2.60
6.53
3.55
2.90
1.40
1.61
5.88
2.98
6.73
1.47
5.77
2.73
9.31
511.4
372.4
126.7
163.8
185.6
122.0
857.0
286.7
429.1
137.0
458.3
216.6
2,133.3
216.3
3,144.5
186.7
261.5
100.5
70.9
560.4
148.4
166.0
854.6
18.0
485.8
582.1
491.4
3,480.2
11,589.9
200.9
670.4
159.2
317.7
168.7
1,193.1
485.4
101.8
1,060.2
90.4
329.6
3,855.1
291.5
1,432.3
1,535.0
246.3
243.1
77.1
1,174.4
374.3
46.0
2,704.3
36.1
202.5
432.5
427.4
2,188.5
583.6
113.3
793.3
663.9
86.5
164.7
162.0
377.1
93.0
748.2
29.4
410.9
1,587.5
9,354.7
655.0
6,379.9
213.9
1,250.6
464.1
189.9
652.7
21.8
84.8
62.6
553.7
1,505.4
4,945.8
4,244.4
535.7
187.4
851.7
489.7
1.200
UNCH
64
1.188
0.71
148.5
0.210
18.040
8.500
1.500
0.675
7.720
0.425
7.850
2.280
10.860
0.530
1.430
0.820
2.400
3.290
0.700
0.650
4.500
23.760
3.300
3.280
0.535
1.240
1.550
0.815
2.290
4.000
0.230
0.930
0.490
3.620
3.090
0.550
3.900
1.760
0.670
1.090
1.700
1.870
5.750
27.500
0.005
-0.040
UNCH
UNCH
-0.005
0.010
0.140
0.010
UNCH
UNCH
0.020
-0.140
0.010
0.005
-0.010
0.010
0.005
UNCH
UNCH
UNCH
-0.020
-0.010
UNCH
-0.030
0.030
UNCH
0.8
2
254.7
50
264.1
5294.7
330.5
210.3
511
40
4247.2
2290.7
51.6
1222.1
3
67
94.8
204
3.6
21.3
21.8
932
39.1
231.4
13.5
2.1
0.210
18.040
9.82
148.34
1.502 14.73
0.675 26.37
31.56
0.426
16.72
2.271
10.733
0.529
1.91
147.42
20.19
3.300 109.30
0.659 15.89
4.483 40.65
23.811 18.03
71.27
3.280 14.29
0.532
1.240
0.815 65.73
6.84
91.32
0.221
0.490
57.19
3.090
0.578 61.11
3.901 13.81
38.51
0.672 11.63
1.090 18.99
14.69
1.892
5.732 20.17
27.468 18.62
2.77
0.24
8.00
2.22
2.07
3.18
1.75
0.46
2.80
3.33
1.52
1.67
1.78
1.89
0.30
3.96
1.84
0.44
1.50
1.66
0.65
1.28
4.26
1.79
8.82
1.07
2.78
1.45
138.6
7,864.6
794.8
2,400.0
215.0
705.3
359.6
1,109.9
8,317.8
8,599.7
118.1
256.4
152.1
1,920.0
2,897.1
294.5
310.8
29,078.2
25,363.9
208.5
1,022.7
1,052.7
386.5
116.3
160.2
274.8
280.8
34.5
303.8
695.1
234.8
205.0
63.3
1,723.6
492.8
1,008.7
963.4
676.9
2,515.9
1,203.0
5,723.7
0.550
0.790
0.255
5.320
0.025
0.005
UNCH
81.1
19
3.2
0.779
0.252
5.273
18.99
3.64
2.63
108.4
379.8
236.9
2,340.8
0.695
0.270
0.120
0.325
0.140
0.165
0.285
1.510
1.520
1.850
0.830
0.250
0.210
3.190
0.540
3.290
0.140
0.545
7.800
0.120
8.000
UNCH 3743.9
0.005
100.2
0.005
547.2
UNCH 2221.5
0.010 30260.2
-0.020
43
0.010
47.5
0.030
18.4
-0.015
731.3
UNCH 5995.7
-0.040 1853.5
UNCH
7
-0.060 2440.8
UNCH 4582.6
-0.070
107.6
UNCH
197.5
-0.180
105
0.272
0.115
0.321
0.166
0.281
1.517
1.512
1.840
0.834
0.254
3.210
0.540
3.304
0.548
7.833
0.121
8.056
69.50
4.64
30.09
2.26
10.31
49.19
10.68
40.49
14.09
19.35
58.70
21.00
13.52
10.13
9.65
3.37
3.97
1.97
3.92
2.38
1.88
3.70
2.26
12.39
0.38
2.88
34.2
135.5
52.3
321.2
59.0
84.0
493.9
271.8
314.3
335.1
543.4
172.6
101.5
899.2
54.7
3,154.2
14.4
1,131.5
335.5
100.1
1,679.1
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
1.400 0.845 1.080

1.060
0.480 0.365 0.380
0.370
0.595 0.410 0.490
0.490
0.335 0.210 0.265
0.265
1.270 0.560 1.200
1.160
0.475 0.235 0.330
0.330
0.110 0.035 0.090
0.085
2.728 1.776 2.710
2.650
4.000 2.733 3.860
3.850
0.801 0.615 0.650
0.640
INFRASTRUCTURE PROJECT COMPANIES
5.581 4.201 5.090
5.050
5.970 4.802 5.950
5.920
1.950 0.985 1.150
1.130
0.575 0.335 0.395
0.385
8.110 5.963
1.600 1.380 1.540

1.530
CLOSED-END FUNDS
2.380 2.220 2.360
2.340
EXCHANGE TRADED FUNDS
1.124 1.040 1.124
1.124
1.770 1.550 1.730
1.730
1.425 1.015 1.360
1.335
1.785 1.610 1.765
1.765
1.010 0.900 1.010
1.005
1.015 0.850 0.926
0.926
1.175 1.035
1.075 0.961 1.050

1.050
REITS
1.030 0.896 1.020
1.010
1.710 1.243 1.690
1.680
1.112 0.881 1.070
1.060
0.810 0.672 0.780
0.775
0.950 0.754 0.945
0.920
1.090 0.975 1.070
1.070
1.820 1.438 1.750
1.740
1.610 1.252 1.570
1.530
1.650 1.370 1.560
1.560
1.710 1.188 1.690
1.660
7.860 6.638 7.810
7.650
1.339 0.965 1.260
1.250
1.890 1.367 1.880
1.840
1.780 1.352 1.750
1.730
1.220 1.011 1.200
1.200
1.870 1.414
1.160 0.930 1.120

1.120
SPAC
0.705 0.660 0.685
0.680
0.705 0.595 0.685
0.685
0.475 0.425 0.460
0.460
CODE
COUNTER
CLOSING
(RM)
+/
(RM)
VOL
(000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
5011
0083
9008
0041
7160
9075
0118
5005
0097
0008
MSNIAGA
NOTION
OMESTI
PANPAGE
PENTA
THETA
TRIVE
UNISEM
VITROX
WILLOW
1.060
0.380
0.490
0.265
1.200
0.330
0.085
2.660
3.860
0.640
0.010
25
0.010
409.2
-0.010
60
UNCH
100
-0.010
1703
UNCH
7
UNCH 10738.4
-0.060
409.4
UNCH
62.7
-0.010
86.2
1.062
0.371
0.490
0.265
1.181
0.330
0.085
2.681
3.853
0.646
82.81
9.93
3.84
11.28
16.37
8.58
3.38
0.52
3.13
64.0
102.8
210.5
64.0
175.9
35.4
102.7
1,952.0
904.3
158.7
6947
6645
6807
5078
5031
6742
DIGI
LITRAK
PUNCAK
SILKHLD
TIMECOM
YTLPOWR
5.080
5.920
1.130
0.390
7.810
1.530
UNCH
-0.020
-0.020
-0.005
UNCH
1701.8
34.3
756.4
127
1850
5.075
5.934
1.133
0.389
1.534
24.71
16.12
13.53
11.12
4.04
3.38
1.70
6.54
39,497.0
3,108.2
507.7
273.6
4,516.5
12,395.5
5108
ICAP
2.360
0.020
37.8
2.356
15.47
330.4
0800EA
0822EA
0823EA
0820EA
0826EA
0825EA
0821EA
0824EA
ABFMY1
CIMBA40
CIMBC50
FBMKLCI-EA
METFAPA
METFSID
MYETFDJ
MYETFID
1.124
1.730
1.350
1.765
1.005
0.926
1.100
1.050
0.002
0.005
0.020
UNCH
0.007
-0.007
UNCH
7.2
2
62.8
5.4
2.5
2
1.124
1.730
1.347
1.765
1.009
0.926
1.050
5.05
3.79
1.42
2.32
2.15
3.00
2,040.5
2.3
16.7
3.0
19.1
49.1
307.0
54.2
4952
5116
5269
5120
5127
5130
5106
5180
5121
5227
5235SS
5123
5212
5176
5111
5110
5109
AHP
ALAQAR
ALSREIT
AMFIRST
ARREIT
ATRIUM
AXREIT
CMMT
HEKTAR
IGBREIT
KLCC
MQREIT
PAVREIT
SUNREIT
TWRREIT
UOAREIT
YTLREIT
1.010
1.690
1.070
0.775
0.925
1.070
1.750
1.550
1.560
1.680
7.800
1.260
1.850
1.740
1.200
1.680
1.120
UNCH
-0.010
UNCH
-0.005
UNCH
UNCH
UNCH
-0.020
UNCH
UNCH
-0.030
0.010
-0.020
UNCH
UNCH
0.010
8
543
65
41
142.4
130.1
122.3
1054
2
1595.7
365.9
87.5
51.8
1654.7
6
292.9
1.016
7.88
1.690 17.39
1.067 20.70
0.775
7.87
0.926
8.77
1.070 11.49
1.750 18.72
1.549 17.07
1.560 213.70
1.680 22.70
7.768 12.42
1.259 12.03
1.865 19.70
1.741 15.79
1.200 12.15
6.46
1.120
6.44
4.57
2.99
6.58
6.99
5.37
4.74
5.28
6.73
4.84
4.51
6.78
4.49
5.28
5.78
6.50
7.04
101.0
1,230.7
620.6
532.0
530.2
130.3
1,934.1
3,148.8
625.0
5,860.3
14,081.6
833.3
5,591.7
5,124.4
336.6
710.4
1,483.3
CLIQ
REACH
SONA
0.685
0.685
0.460
0.005
UNCH
UNCH
32.1
551.7
690.1
0.680
0.685
0.460
432.2
875.3
648.9
CLOSING
(RM)
+/
(RM)
VOL
(000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
5234
5256
5241
Ace Market
YEAR
HIGH
YEAR
LOW
DAY
HIGH
CONSUMER PRODUCTS
0.336 0.190 0.270
0.320 0.095 0.290
0.386 0.210
0.070 0.035 0.035

INDUSTRIAL PRODUCTS
0.338 0.172 0.230
0.095 0.045 0.060
0.610 0.295 0.325
0.251 0.080 0.115
0.655 0.300 0.505
0.880 0.295 0.315
0.125 0.070 0.080
0.220 0.140 0.185
0.145 0.085 0.105
0.180 0.120 0.135
0.300 0.100 0.110
0.500 0.315 0.395
0.195 0.115 0.155
0.190 0.080 0.095
0.055 0.040 0.040
0.155 0.100
0.210 0.120 0.165

0.240 0.110 0.130
0.263 0.166
TECHNOLOGY
0.260 0.100 0.185
0.615 0.250 0.265
0.195 0.100 0.180
0.760 0.155 0.210
0.015 0.005
1.310 0.710 1.020

0.075 0.040 0.045
0.090 0.020 0.035
0.150 0.060 0.075
0.355 0.225 0.240
0.095 0.045 0.060
3.150 1.010 1.010
0.055 0.030 0.035
0.125 0.080 0.085
0.130 0.045 0.050
1.051 0.460 0.500
0.150 0.035 0.050
0.275 0.130 0.170
0.854 0.530
1.500 0.375 1.350

0.340 0.180 0.195
0.080 0.040 0.045
0.280 0.140 0.265
0.325 0.065 0.070
0.290 0.050 0.290
0.970 0.470
1.880 0.980 1.380

0.588 0.305 0.515
0.135 0.060
0.075 0.055 0.060

0.759 0.450 0.695
0.295 0.175 0.265
0.300 0.145 0.165
0.195 0.075 0.085
1.058 0.643 0.835
0.060 0.020 0.025
0.095 0.040 0.045
0.155 0.085 0.100
0.872 0.560 0.580
0.420 0.270 0.375
0.730 0.170 0.215
0.110 0.035 0.060
0.305 0.155 0.160
0.140 0.060 0.070
0.728 0.395 0.540
0.090 0.010
0.507 0.255 0.265

0.150 0.055 0.060
0.370 0.160 0.175
0.130 0.060 0.070
0.298 0.240 0.250
0.180 0.080 0.090
0.265 0.140 0.165
0.170 0.105 0.170
0.225 0.155 0.190
0.291 0.062 0.225
0.135 0.065 0.090
0.295 0.025
0.195 0.105 0.105

0.570 0.505 0.570
TRADING SERVICES
0.300 0.150
0.130 0.085 0.090

0.070 0.035 0.045
0.390 0.219 0.345
0.270 0.180
0.665 0.550 0.600

0.760 0.300
0.475 0.260 0.295

0.250 0.155 0.165
0.600 0.360 0.360
0.240 0.140 0.175
0.245 0.135 0.170
0.330 0.250 0.290
0.303 0.188 0.235
0.020 0.005 0.005
0.370 0.140 0.185
0.730 0.350 0.380
0.745 0.480 0.595
2.244 1.659
0.255 0.165
0.525 0.360
0.055 0.030 0.040

1.490 0.600 1.130
0.195 0.115 0.145
0.705 0.120 0.140
FINANCE
0.530 0.395 0.410
DAY
LOW
CODE
COUNTER
0.260
0.280
0.035
0179
0170
0148
0095
BIOHLDG
KANGER
SUNZEN
XINGHE
0.270
0.285
0.215
0.035
-0.005
Unch
Unch
6627
954.5
2720.2
0.265
0.285
0.035
21.60
15.32
1.42
2.14
2.86
180.0
227.6
103.0
82.2
0.225
0.055
0.315
0.105
0.500
0.310
0.080
0.180
0.105
0.130
0.105
0.385
0.150
0.085
0.040
0.150
0.120
0105
0072
0163
0102
0100
0175
0160
0162
0024
0025
0070
0049
0038
0133
0109
0001
0028
0055
0084
ASIAPLY
AT
CAREPLS
CONNECT
ESCERAM
HHGROUP
HHHCORP
IJACOBS
JAG
LNGRES
MQTECH
OCNCASH
PTB
SANICHI
SCBUILD
SCOMNET
SCOPE
SERSOL
TECFAST
0.225
0.055
0.320
0.110
0.500
0.310
0.080
0.180
0.105
0.135
0.110
0.395
0.155
0.090
0.040
0.120
0.165
0.125
0.185
-0.005
706.1
-0.005
444.4
0.005 1208.5
Unch 4371.7
-0.005
226
-0.010
112.5
-0.005
160
Unch
310
Unch 11790.9
Unch
819.1
0.005
770.1
-0.005 1338.1
Unch
461
Unch 4796.5
-0.005
240
0.010
627.8
Unch
255.1
0.225
0.056
0.320
0.111
0.505
0.312
0.080
0.181
0.105
0.134
0.105
0.392
0.155
0.090
0.040
0.159
0.124
9.70
43.84
9.24
14.29
12.68
11.22
13.03
8.74
10.00
53.23
11.86
2.67
0.94
1.20
1.06
1.77
3.33
2.70
68.2
23.8
154.6
26.8
102.8
95.7
26.7
24.4
120.1
32.7
15.3
88.1
23.3
77.3
35.2
29.2
91.7
26.9
31.7
0.175
0.260
0.175
0.190
0.985
0.045
0.030
0.070
0.240
0.060
1.010
0.035
0.085
0.050
0.490
0.050
0.165
1.310
0.195
0.045
0.255
0.065
0.265
1.300
0.505
0.055
0.680
0.250
0.155
0.080
0.805
0.025
0.045
0.095
0.575
0.365
0.205
0.055
0.155
0.065
0.535
0.255
0.055
0.170
0.065
0.245
0.090
0.160
0.165
0.190
0.215
0.085
0.105
0.560
0018
0181
0119
0068
0039
0098
0152
0131
0154
0107
0116
0104
0045
0074
0174
0023
0094
0010
0146
0127
0111
0036
0176
0017
0075
0155
0126
0112
0085
0034
0113
0103
0156
0092
0108
0020
0096
0026
0035
0040
0079
0005
0123
0007
0106
0135
0178
0060
0117
0169
0093
0129
0050
0132
0120
0069
0066
0141
0086
0009
ACCSOFT
AEMULUS
APPASIA
ASDION
ASIAEP
BAHVEST
DGB
DGSB
EAH
EDUSPEC
FOCUS
GENETEC
GNB
GOCEAN
IDMENSN
IFCAMSC
INIX
IRIS
JFTECH
JHM
K1
KGROUP
KRONO
M3TECH
MEXTER
MGRC
MICROLN
MIKROMB
MLAB
MMAG
MMSV
MNC
MPAY
MTOUCHE
N2N
NETX
NEXGRAM
NOVAMSC
OPCOM
OPENSYS
ORION
PALETTE
PRIVA
PUC
REXIT
SCN
SEDANIA
SKH
SMRT
SMTRACK
SOLUTN
SRIDGE
SYSTECH
TDEX
VIS
VIVOCOM
VSOLAR
WINTONI
YGL
YTLE
0.175
0.265
0.180
0.210
0.010
1.020
0.045
0.035
0.075
0.240
0.060
1.010
0.035
0.085
0.050
0.495
0.050
0.170
0.700
1.320
0.195
0.045
0.265
0.065
0.290
0.510
1.340
0.510
0.090
0.055
0.685
0.265
0.165
0.085
0.815
0.025
0.045
0.095
0.575
0.370
0.210
0.055
0.155
0.070
0.540
0.010
0.260
0.055
0.175
0.065
0.245
0.090
0.165
0.170
0.190
0.215
0.090
0.025
0.105
0.560
-0.010
222.2
Unch
388.5
0.005
335
Unch
26
0.010
594.4
0.005
10.1
0.005
709
Unch 1600.2
0.005
35.5
Unch
15
-0.020
7.2
Unch
90
Unch
150
0.005
188.3
-0.005 3766.1
-0.005
190
Unch 4165.8
-0.030
425.2
Unch
224
Unch
110
0.005 2301.7
Unch 5311.9
0.020 10711.1
-0.020
157
Unch
384.7
Unch
93.1
-0.005
334.7
Unch
132.6
0.005 1538.1
-0.005 1500.1
-0.010
88
Unch 1311.4
Unch 1595.6
Unch
325
Unch
45
Unch 1109.5
Unch
543.7
-0.005
632.6
-0.005
76.3
0.005
4051
Unch
61
Unch
178.1
-0.005
431.9
0.005
225
-0.005 1593.1
-0.005
673.2
Unch
87.2
Unch
323.3
0.005 1166.1
-0.010
100
-0.005
21966
0.005
730
-0.005
75
-0.005
837.6
0.184 26.12
0.265 73.61
0.179
0.195
1.009
0.045
0.034 31.82
0.075
0.240 19.83
0.060
1.010 42.44
0.035 23.33
0.085
0.050
0.491 159.68
0.050
0.170
84.34
1.321 21.85
0.195 10.54
0.045
0.258
7.70
0.066
0.279
27.72
1.356 91.16
0.509 16.56
0.055
0.684 13.28
0.259
0.160
0.084 36.96
0.813 37.21
0.025
0.045
3.54
0.097 73.08
0.575 12.21
0.368 18.78
0.210
0.059 11.70
0.156 43.06
0.066 50.00
0.536 14.21
0.260
0.056
0.171
0.065
0.245
9.65
0.090
0.164 33.67
0.166 212.50
0.190
0.217 11.03
0.086
0.105
0.563 21.46
2.02
1.43
2.56
2.16
2.92
2.45
3.48
2.70
1.29
3.70
3.85
2.73
1.21
7.14
112.1
116.3
50.6
24.4
8.1
446.9
22.0
47.5
111.8
218.0
46.6
35.5
10.1
22.4
24.7
301.1
20.9
382.0
88.2
163.3
92.2
33.3
62.8
38.1
57.1
48.0
224.3
156.0
16.8
52.5
111.7
25.0
117.2
21.6
388.3
31.3
84.7
64.9
92.7
110.2
28.0
17.6
86.5
75.8
102.2
2.0
52.0
30.5
50.0
22.5
74.5
10.9
52.4
70.2
21.0
695.4
30.0
12.8
20.3
756.0
0.090
0.045
0.340
0.580
0.290
0.155
0.360
0.175
0.165
0.290
0.230
0.005
0.180
0.370
0.595
0.030
1.130
0.135
0.135
0122
0048
0150
0011
0157
0185
0147
0180
0167
0081
0153
0177
0006
0171
0110
0080
0032
0173
0158
0161
0137
0140
0089
0145
0165
AIM
ANCOMLB
ASIABIO
BTECH
FOCUSP
HSSEB
INNITY
KTC
MCLEAN
MEGASUN
OVERSEA
PASUKGB
PINEAPP
PLABS
RA
RAYA
REDTONE
REV
SCC
SCH
STEMLFE
STERPRO
TEXCYCL
TFP
XOX
0.205
0.090
0.045
0.345
0.230
0.580
0.550
0.295
0.165
0.360
0.175
0.165
0.290
0.230
0.005
0.180
0.380
0.595
1.870
0.235
0.525
0.035
1.130
0.140
0.140
Unch
20
Unch
38.1
-0.005
182
-0.010 2178.3
Unch
272.7
-0.005
32
Unch
20
-0.005
11.7
Unch
478.9
0.020
60
-0.010
94.9
Unch
270.1
-0.010
25
0.005
152
-0.005
15
Unch 19010.7
Unch
20
0.005
205.9
0.005
878
0.090
0.045
0.341 14.87
0.589 14.61
22.09
0.295 52.68
0.157
6.85
0.360 16.59
0.175
0.165 103.13
0.290
0.233 12.92
0.005
0.181
0.374
0.595 29.75
11.22
71.21
159.09
0.036
1.130 30.29
0.141
0.138 11.97
3.94
1.71
3.04
0.53
2.67
3.62
0.66
54.5
42.6
42.9
86.9
38.0
185.1
76.1
150.5
29.5
68.3
42.9
53.5
14.1
47.6
4.8
25.8
287.8
80.1
80.0
96.9
129.9
34.6
193.0
28.7
83.3
0.405
0053
OSKVI
0.405
0.405 225.00
4.94
80.0
Unch
2 8 Markets
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

Main Market & Ace Market Warrants
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE
0.130
0.160
0.150
0.080
0.340
0.120
0.150
0.150
0.670
0.835
0.485
0.460
0.460
0.275
0.425
0.280
0.255
0.125
0.260
0.085
0.040
0.105
0.100
0.095
0.125
0.085
0.135
0.080
0.085
0.155
0.135
0.035
0.175
0.130
0.180
0.050
0.125
0.380
0.210
0.425
0.195
0.210
0.105
0.160
0.060
0.120
0.210
1.330
0.505
0.150
0.170
0.215
0.165
0.160
0.055
0.080
0.055
0.155
0.390
0.030
0.450
0.065
0.105
0.095
0.110
0.255
0.420
0.065
0.430
0.145
0.365
0.305
0.155
0.115
0.175
0.260
0.090
0.090
0.200
0.500
0.190
0.240
1.480
0.815
0.065
0.890
0.625
0.860
0.085
0.230
0.200
0.090
0.075
0.155
0.120
0.085
0.215
0.330
0.215
0.210
0.305
0.140
0.130
0.335
0.115
0.120
0.675
0.535
0.335
0.230
0.255
0.185
0.095
0.255
0.185
1.370
0.280
3.200
0.220
0.220
0.190
0.050
0.070
0.075
0.055
0.040
0.060
0.005
0.070
0.085
0.185
0.110
0.125
0.190
0.130
0.230
0.130
0.160
0.070
0.200
0.050
0.010
0.040
0.040
0.015
0.050
0.060
0.050
0.035
0.040
0.100
0.010
0.015
0.095
0.050
0.095
0.020
0.005
0.170
0.080
0.225
0.095
0.135
0.015
0.105
0.005
0.065
0.085
0.420
0.260
0.025
0.050
0.135
0.115
0.040
0.035
0.020
0.005
0.005
0.125
0.010
0.315
0.020
0.030
0.045
0.065
0.080
0.200
0.015
0.020
0.020
0.030
0.065
0.100
0.015
0.130
0.110
0.030
0.030
0.090
0.350
0.070
0.115
0.295
0.390
0.005
0.200
0.305
0.220
0.065
0.070
0.070
0.005
0.025
0.075
0.070
0.050
0.195
0.295
0.055
0.060
0.125
0.035
0.050
0.265
0.060
0.090
0.060
0.170
0.170
0.125
0.165
0.090
0.040
0.110
0.090
0.805
0.085
1.970
0.050
0.035
0.070
0.060
0.075
0.095
0.065
0.240
0.085
0.005
0.105
0.550
0.690
0.340
0.345
0.340
0.180
0.290
0.200
0.175
0.115
0.240
0.055
0.020
0.055
0.065
0.025
0.110
0.070
0.070
0.040
0.055
0.110
0.015
0.020
0.130
0.070
0.110
0.025
0.010
0.260
0.135
0.310
0.100
0.150
0.015
0.120
0.005
0.110
0.125
1.080
0.370
0.060
0.085
0.210
0.145
0.050
0.045
0.030
0.010
0.005
0.385
0.015
0.330
0.025
0.045
0.090
0.090
0.095
0.215
0.025
0.385
0.130
0.315
0.285
0.135
0.045
0.175
0.210
0.040
0.045
0.115
0.390
0.075
0.115
1.110
0.515
0.010
0.890
0.450
0.235
0.075
0.145
0.125
0.010
0.030
0.090
0.095
0.065
0.200
0.315
0.065
0.065
0.130
0.045
0.060
0.265
0.060
0.095
0.220
0.500
0.290
0.200
0.220
0.095
0.045
0.145
0.095
1.370
0.225
2.900
0.060
0.040
0.085
0.055
0.070
0.090
0.065
0.235
0.085
0.005
0.095
0.550
0.690
0.310
0.330
0.335
0.170
0.280
0.190
0.165
0.110
0.230
0.050
0.020
0.055
0.060
0.020
0.100
0.070
0.065
0.040
0.050
0.110
0.015
0.020
0.130
0.070
0.110
0.025
0.005
0.260
0.125
0.305
0.095
0.140
0.015
0.115
0.005
0.105
0.125
1.070
0.350
0.050
0.080
0.205
0.140
0.050
0.045
0.030
0.010
0.005
0.355
0.015
0.325
0.025
0.040
0.080
0.080
0.080
0.210
0.025
0.360
0.110
0.295
0.260
0.125
0.030
0.170
0.200
0.040
0.040
0.115
0.380
0.075
0.115
1.100
0.505
0.005
0.850
0.445
0.225
0.075
0.145
0.125
0.010
0.030
0.090
0.095
0.065
0.195
0.310
0.060
0.060
0.130
0.040
0.060
0.265
0.060
0.095
0.190
0.485
0.275
0.190
0.215
0.090
0.045
0.130
0.095
1.270
0.215
2.850
0.060
0.040
0.080
5238CU
5238CV
5238CW
5238CX
5238WA
6599CG
5185CT
7315WB
509927
509930
509933
509934
509935
509936
509937
509938
509940
5014CP
7609WA
1015CW
0159WA
9342WA
9342WB
5194WA
0119WA
52815
521015
521016
521017
521018
5210C9
0150WA
0105WA
6399CV
7099WB
0072WA
6888C5
7078WA
7241WA
5258WA
6998WA
5248CN
3395CZ
3395WB
6025WA
7036WC
1818C9
7174WA
7076WA
5195WA
5195WB
102312
2852CR
0102WA
0102WB
0051WA
5141CV
5141CW
7212WA
0152WA
7277WA
694711
0029WA
4456WD
7114WA
5265WA
7169WA
7198WA
161919
161920
161921
161922
161923
5216CG
5216CP
3417WB
0154WB
0154WC
3557WC
8206WA
1368CG
0107WA
0065WA
8907WC
7182WA
8877WB
5056WA
7249WA
3689CB
7047WB
65054
65056
65058
65060
65070
65084
65090
65092
65061
65067
65073
65075
65081
65087
65089
65093
8605WB
522212
522215
522216
522217
9318WB
9377WA
539826
539827
5398WE
5226WA
2291WA
318228
318229
318231
WARRANTS
AAX-CU
AAX-CV
AAX-CW
AAX-CX
AAX-WA
AEON-CG
AFFIN-CT
AHB-WB
AIRASIAC27
AIRASIAC30
AIRASIAC33
AIRASIAC34
AIRASIAC35
AIRASIAC36
AIRASIAC37
AIRASIAC38
AIRASIAC40
AIRPORT-CP
AJIYA-WA
AMBANK-CW
AMEDIA-WA
ANZO-WA
ANZO-WB
APFT-WA
APPASIA-WA
APPLE-C15
ARMADA-C15
ARMADA-C16
ARMADA-C17
ARMADA-C18
ARMADA-C9
ASIABIO-WA
ASIAPLY-WA
ASTRO-CV
ATTA-WB
AT-WA
AXIATA-C5
AZRB-WA
BHS-WA
BIMB-WA
BINTAI-WA
BJAUTO-CN
BJCORP-CZ
BJCORP-WB
BJMEDIA-WA
BORNOIL-WC
BURSA-C9
CAB-WA
CBIP-WA
CENSOF-WA
CENSOF-WB
CIMB-C12
CMSB-CR
CONNECT-WA
CONNECT-WB
CUSCAPI-WA
DAYANG-CV
DAYANG-CW
DESTINI-WA
DGB-WA
DIALOG-WA
DIGI-C11
DIGISTA-WA
DNEX-WD
DNONCE-WA
DOLPHIN-WA
DOMINAN-WA
DPS-WA
DRBHCOMC19
DRBHCOMC20
DRBHCOMC21
DRBHCOMC22
DRBHCOMC23
DSONIC-CG
DSONIC-CP
E&O-WB
EAH-WB
EAH-WC
ECOFIRS-WC
ECOWLD-WA
EDGENTA-CG
EDUSPEC-WA
EFORCE-WA
EG-WC
EKA-WA
EKOVEST-WB
ENGTEX-WA
EWEIN-WA
F&N-CB
FAJAR-WB
FBMKLCI-C54
FBMKLCI-C56
FBMKLCI-C58
FBMKLCI-C60
FBMKLCI-C70
FBMKLCI-C84
FBMKLCI-C90
FBMKLCI-C92
FBMKLCI-H61
FBMKLCI-H67
FBMKLCI-H73
FBMKLCI-H75
FBMKLCI-H81
FBMKLCI-H87
FBMKLCI-H89
FBMKLCI-H93
FFHB-WB
FGV-C12
FGV-C15
FGV-C16
FGV-C17
FITTERS-WB
FSBM-WA
GAMUDA-C26
GAMUDA-C27
GAMUDA-WE
GBGAQRS-WA
GENP-WA
GENTINGC28
GENTINGC29
GENTINGC31
CLOSE
(RM)
+/(RM)
0.055
0.070
0.095
0.065
0.235
0.085
0.005
0.105
0.550
0.690
0.310
0.340
0.340
0.175
0.290
0.200
0.170
0.115
0.235
0.055
0.020
0.055
0.065
0.020
0.100
0.070
0.065
0.040
0.050
0.110
0.015
0.020
0.130
0.070
0.110
0.025
0.005
0.260
0.130
0.305
0.100
0.140
0.015
0.120
0.005
0.110
0.125
1.080
0.370
0.060
0.085
0.205
0.140
0.050
0.045
0.030
0.010
0.005
0.385
0.015
0.330
0.025
0.040
0.090
0.090
0.095
0.215
0.025
0.375
0.120
0.305
0.280
0.135
0.045
0.170
0.200
0.040
0.045
0.115
0.390
0.075
0.115
1.100
0.510
0.010
0.870
0.445
0.225
0.075
0.145
0.125
0.010
0.030
0.090
0.095
0.065
0.200
0.315
0.065
0.060
0.130
0.045
0.060
0.265
0.060
0.095
0.200
0.490
0.280
0.200
0.215
0.095
0.045
0.130
0.095
1.350
0.215
2.900
0.060
0.040
0.080
-0.005
-0.005
Unch
-0.005
-0.005
Unch
Unch
Unch
Unch
-0.010
-0.025
Unch
-0.010
-0.010
Unch
Unch
Unch
Unch
Unch
Unch
-0.005
-0.005
Unch
Unch
-0.010
-0.010
Unch
Unch
Unch
Unch
-0.005
Unch
-0.005
-0.005
0.005
Unch
Unch
Unch
Unch
-0.010
Unch
0.005
Unch
0.005
Unch
0.005
Unch
Unch
0.010
0.005
Unch
-0.010
Unch
Unch
-0.005
-0.005
Unch
Unch
0.030
Unch
Unch
-0.005
0.005
0.005
-0.005
0.010
-0.015
Unch
0.010
Unch
0.005
0.015
0.005
0.010
-0.005
Unch
Unch
0.005
Unch
Unch
-0.010
Unch
-0.010
-0.005
Unch
Unch
-0.005
-0.005
0.005
0.005
-0.005
-0.005
-0.020
-0.005
-0.005
-0.005
-0.010
-0.010
0.010
Unch
0.005
0.010
0.010
-0.010
-0.005
0.005
-0.030
-0.005
-0.005
Unch
Unch
Unch
-0.015
Unch
0.005
0.070
-0.010
Unch
-0.005
Unch
-0.005
VOL PARENT
EXE
(000)
PRICE PRICE
1672.4
2653.2
945
570
1805.4
50
1798.8
80
10
0.1
332.4
969.8
461.8
500.7
621.2
297.1
417.1
30
1122.1
56.3
85.4
150
249
152.5
268.9
0.5
118
695.1
100
280
250
200
100
145.9
8.8
370
1163.8
70.6
207.2
130
545
665.7
50
95
98.6
4602.5
5.7
15.7
0.4
24.1
1736.4
558
360
180
613.4
50
1010
50
5238.8
100
699.2
50
4203.5
57405.2
15
92
98
50
14342.5
11753.3
5388.4
2918.5
5465.7
240.4
1120.8
34.8
108.1
130
10
68.3
13.3
105
154
248.9
105
52
311.3
38
100
245.7
23
700
100
50
172
50
200
600
370
140
50
10.1
321
40
249.9
220
274.2
490
2395.3
5899.8
60
324.1
50
558.3
130
7778.9
276.8
4.5
50
200
201.3
0.400
0.400
0.400
0.400
0.400
2.900
2.140
0.200
2.900
2.900
2.900
2.900
2.900
2.900
2.900
2.900
2.900
6.450
0.820
4.340
0.190
0.250
0.250
0.050
0.180
426.5
0.750
0.750
0.750
0.750
0.750
0.045
0.225
2.900
0.560
0.055
5.650
0.630
0.410
4.020
0.205
2.260
0.340
0.340
0.375
0.175
8.790
1.670
2.050
0.270
0.270
4.900
3.900
0.110
0.110
0.120
1.030
1.030
0.840
0.045
1.540
5.080
0.165
0.285
0.285
0.430
1.140
0.085
1.380
1.380
1.380
1.380
1.380
1.510
1.510
1.690
0.075
0.075
0.270
1.330
3.400
0.240
1.520
0.860
0.040
1.820
1.330
0.860
24.54
0.510
1,686
1,686
1,686
1,686
1,686
1,686
1,686
1,686
1,686
1,686
1,686
1,686
1,686
1,686
1,686
1,686
0.740
2.280
2.280
2.280
2.280
0.425
0.195
4.860
4.860
4.860
0.980
10.860
7.940
7.940
4.510
0.490
0.390
0.420
0.600
0.460
3.000
2.400
0.200
1.280
2.000
2.100
2.000
2.000
2.850
2.450
2.650
3.300
6.450
0.920
4.700
1.100
0.250
0.250
0.400
0.130
485.3
0.800
0.800
0.850
0.680
0.980
0.100
0.100
3.000
1.000
0.120
6.500
0.700
0.600
4.720
0.200
2.128
0.370
1.000
0.870
0.100
8.900
0.550
2.400
0.460
0.460
4.500
3.600
0.100
0.100
0.270
1.780
1.500
0.400
0.110
1.190
5.400
0.130
0.500
0.250
0.800
1.300
0.540
1.000
1.100
0.950
1.000
1.300
1.580
1.350
2.600
0.120
0.100
0.300
2.080
3.230
0.180
0.680
0.500
0.200
1.350
0.830
0.610
24.80
0.700
1,595
1,710
1,730
1,650
1,630
1,660
1,770
1,690
1,710
1,700
1,660
1,630
1,670
1,710
1,660
1,690
0.500
1.350
1.900
1.950
2.200
1.000
0.300
4.500
5.000
4.050
1.300
7.750
7.800
9.300
8.300
PRM
(%)
36.25
15.00
28.75
66.25
73.75
12.24
12.38
52.50
1.03
16.55
-0.86
4.14
4.14
16.38
9.48
15.52
32.55
12.48
40.85
14.63
489.47
22.00
26.00
740.00
27.78
22.00
15.33
15.73
23.33
12.67
35.67
166.67
2.22
8.28
98.21
163.64
15.40
52.38
78.05
25.00
46.34
6.14
13.24
229.41
133.33
20.00
5.52
-2.40
35.12
92.59
101.85
8.57
10.26
36.36
31.82
150.00
76.21
46.84
-6.55
177.78
-1.30
8.27
3.03
107.02
19.30
108.14
32.89
564.71
-0.36
1.45
1.99
2.90
20.62
16.56
14.17
65.68
113.33
93.33
53.70
85.71
3.82
22.92
17.11
17.44
425.00
21.98
-4.14
-2.91
7.17
65.69
-0.23
1.81
3.83
1.58
0.60
1.13
7.92
4.88
4.10
3.30
1.52
-1.48
1.52
7.69
0.92
4.15
-5.41
2.19
10.35
11.84
19.12
157.65
76.92
0.62
10.70
11.11
54.59
-1.93
7.30
21.41
98.23
EXPIRY
DATE
30/12/2016
30/12/2016
10/04/2017
28/02/2017
08/06/2020
26/01/2017
30/09/2016
28/08/2019
28/10/2016
31/01/2017
28/10/2016
28/02/2017
17/02/2017
30/12/2016
30/12/2016
28/04/2017
28/02/2017
28/04/2017
28/08/2021
22/02/2017
02/01/2018
19/11/2019
25/08/2023
13/07/2018
23/12/2024
26/01/2017
28/02/2017
30/11/2016
22/02/2017
31/01/2017
28/11/2016
19/04/2024
13/12/2020
31/01/2017
09/05/2022
29/01/2019
28/10/2016
13/05/2024
18/10/2020
04/12/2023
15/06/2020
28/02/2017
31/10/2016
22/04/2022
16/12/2016
08/11/2025
31/01/2017
08/02/2020
06/11/2019
18/07/2017
07/10/2019
17/03/2017
30/12/2016
17/09/2021
07/06/2021
24/04/2018
28/11/2016
07/10/2016
03/10/2016
22/04/2018
10/02/2017
28/10/2016
07/02/2017
30/07/2021
25/11/2020
29/03/2021
10/09/2020
03/01/2018
30/11/2016
30/11/2016
15/12/2016
17/02/2017
28/02/2017
28/10/2016
31/01/2017
21/07/2019
24/02/2019
18/06/2019
10/09/2019
26/03/2022
31/10/2016
24/12/2018
17/07/2019
03/11/2020
22/01/2019
25/06/2019
25/10/2017
09/06/2017
30/06/2017
24/09/2019
30/09/2016
31/10/2016
31/10/2016
31/10/2016
30/12/2016
28/02/2017
28/02/2017
28/02/2017
31/10/2016
30/11/2016
30/11/2016
30/12/2016
31/01/2017
31/01/2017
28/02/2017
31/03/2017
30/03/2017
14/03/2017
28/02/2017
09/05/2017
31/03/2017
12/10/2019
16/05/2022
30/11/2016
30/11/2016
06/03/2021
20/07/2018
17/06/2019
23/11/2016
30/11/2016
31/03/2017
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE
2.380
0.265
0.050
0.180
0.240
0.165
1.510
0.190
0.115
0.810
0.315
1.080
0.935
1.390
2.580
1.130
1.030
0.955
1.270
1.250
1.740
0.995
1.420
1.110
1.600
0.710
1.040
0.520
0.775
1.220
0.230
0.030
0.170
0.110
0.170
2.320
0.270
0.225
0.220
0.150
0.090
0.125
0.135
0.100
0.935
0.105
0.130
0.115
0.265
0.205
1.550
0.200
0.865
0.125
0.160
0.585
0.240
0.190
0.640
0.250
0.045
0.045
0.060
0.165
0.265
0.200
0.100
0.115
0.225
0.235
0.095
0.195
0.130
0.420
0.300
0.460
0.405
0.185
0.710
0.415
0.485
0.355
0.150
0.145
0.625
1.380
0.100
0.240
0.175
0.090
0.150
0.105
0.240
0.035
0.225
0.360
0.235
0.100
0.145
0.135
0.045
0.050
0.125
0.270
0.110
0.355
0.235
0.095
0.300
0.280
0.310
0.040
0.295
0.120
0.570
0.435
3.240
1.110
0.245
0.315
0.175
0.205
0.295
0.200
0.165
0.665
0.100
0.025
0.080
0.025
0.005
0.830
0.015
0.065
0.305
0.190
0.175
0.190
0.310
0.785
0.260
0.495
0.595
0.005
0.045
0.080
0.075
0.105
0.175
0.295
0.265
0.435
0.320
0.485
0.810
0.020
0.020
0.040
0.035
0.140
0.996
0.155
0.035
0.110
0.030
0.020
0.045
0.060
0.060
0.160
0.010
0.005
0.090
0.045
0.120
0.400
0.060
0.300
0.060
0.100
0.130
0.110
0.010
0.260
0.155
0.025
0.025
0.025
0.045
0.130
0.115
0.050
0.050
0.085
0.025
0.015
0.110
0.085
0.175
0.035
0.260
0.130
0.010
0.305
0.100
0.150
0.260
0.020
0.110
0.330
0.570
0.020
0.025
0.110
0.085
0.035
0.080
0.100
0.010
0.150
0.090
0.050
0.020
0.040
0.060
0.020
0.020
0.025
0.150
0.080
0.255
0.125
0.010
0.150
0.250
0.140
0.015
0.120
0.010
0.330
0.105
0.990
0.615
0.195
0.020
0.040
0.110
0.145
0.125
0.005
1.530
0.110
0.030
0.100
0.030
0.010
0.980
0.025
0.090
0.350
0.210
1.080
0.935
1.390
2.580
1.130
1.030
0.955
0.005
0.045
0.115
0.075
0.120
0.185
0.345
0.285
0.495
0.335
0.520
0.895
0.025
0.020
0.045
0.045
0.160
1.740
0.195
0.045
0.120
0.070
0.030
0.060
0.090
0.070
0.480
0.020
0.005
0.095
0.060
0.155
1.430
0.090
0.815
0.065
0.140
0.145
0.145
0.025
0.275
0.190
0.030
0.035
0.035
0.145
0.235
0.135
0.055
0.065
0.105
0.030
0.015
0.125
0.125
0.400
0.160
0.270
0.265
0.165
0.650
0.240
0.165
0.295
0.030
0.130
0.565
1.260
0.035
0.095
0.140
0.085
0.120
0.095
0.125
0.010
0.200
0.200
0.065
0.050
0.100
0.120
0.025
0.020
0.030
0.230
0.095
0.275
0.215
0.045
0.160
0.255
0.290
0.020
0.200
0.025
0.500
0.370
3.000
0.730
0.225
0.290
0.125
0.160
0.255
0.190
0.025
1.520
0.105
0.030
0.100
0.030
0.005
0.965
0.020
0.090
0.345
0.205
0.950
0.800
1.330
2.500
1.050
1.030
0.885
0.005
0.045
0.080
0.075
0.105
0.175
0.295
0.265
0.435
0.320
0.485
0.810
0.025
0.020
0.045
0.045
0.160
1.690
0.175
0.045
0.120
0.065
0.025
0.050
0.080
0.070
0.470
0.010
0.005
0.090
0.060
0.150
1.410
0.085
0.800
0.060
0.135
0.140
0.145
0.020
0.275
0.170
0.025
0.030
0.025
0.145
0.230
0.130
0.055
0.065
0.100
0.030
0.015
0.125
0.120
0.385
0.150
0.270
0.255
0.155
0.620
0.230
0.150
0.285
0.025
0.120
0.550
1.220
0.035
0.065
0.125
0.085
0.110
0.090
0.120
0.010
0.185
0.190
0.065
0.045
0.095
0.110
0.020
0.020
0.030
0.220
0.095
0.270
0.215
0.040
0.160
0.250
0.270
0.020
0.185
0.025
0.500
0.360
2.970
0.710
0.225
0.275
0.120
0.150
0.255
0.180
0.015
3182WA
1147WA
7096WA
7676WB
5168CQ
5168CR
5095WB
5072WA
5072WB
5169WA
7213WB
65130
65136
65138
65144
65148
65154
65160
65139
65143
65145
65149
65151
65155
65157
65161
65163
65165
65167
65169
6238CD
9601WD
3336CZ
0166CQ
0166CS
0166WB
3379WB
1961C9
8834WB
5175WA
0024WA
5161CX
9083WB
8923WA
7167WA
4383CF
4383CJ
4383CK
5247CK
5247CQ
7161WA
0151WA
5171WA
7164WA
7164WB
7017WB
7153CP
5038CF
8494WA
7126WA
5068WA
5068WB
0017WA
8583C2
8583WB
8583WC
5264CM
5264CO
6181WB
115519
115521
115522
115524
5152WA
5983WA
0081WA
1694WB
0075WA
3069WA
3662WB
5186CY
5576WC
3816C5
3816C8
9571WD
6114WB
0085WA
2194C1
2194C2
2194C3
1651C7
1651C8
1651WA
0092WA
0138C1
0138CT
0138CV
0138CW
0138CX
0138CY
0096WA
0096WC
0083WB
0172WA
7071WC
5053WC
7052CF
0005WA
5125WA
129511
9997WB
5146WA
8311WC
3042CA
1945WC
8869CO
8869WC
7088WB
4634C1
4634CV
4634CW
4634CX
4634CY
4634CZ
5204CC
WARRANTS
GENTING-WA
GOB-WA
GPA-WA
GUNUNG-WB
HARTA-CQ
HARTA-CR
HEVEA-WB
HIAPTEK-WA
HIAPTEK-WB
HOHUP-WA
HOVID-WB
HSI-C30
HSI-C36
HSI-C38
HSI-C44
HSI-C48
HSI-C54
HSI-C60
HSI-H39
HSI-H43
HSI-H45
HSI-H49
HSI-H51
HSI-H55
HSI-H57
HSI-H61
HSI-H63
HSI-H65
HSI-H67
HSI-H69
HSL-CD
HWGB-WD
IJM-CZ
INARI-CQ
INARI-CS
INARI-WB
INSAS-WB
IOICORP-C9
IREKA-WB
IVORY-WA
JAG-WA
JCY-CX
JETSON-WB
JIANKUN-WA
JOHOTIN-WA
JTIASA-CF
JTIASA-CJ
JTIASA-CK
KAREX-CK
KAREX-CQ
KERJAYA-WA
KGB-WA
KIMLUN-WA
KNM-WA
KNM-WB
KOMARK-WB
KOSSAN-CP
KSL-CF
LBICAP-WA
LONBISC-WA
LUSTER-WA
LUSTER-WB
M3TECH-WA
MAHSING-C2
MAHSING-WB
MAHSING-WC
MALAKOF-CM
MALAKOF-CO
MALTON-WB
MAYBANKC19
MAYBANKC21
MAYBANKC22
MAYBANKC24
MBL-WA
MBMR-WA
MEGASUN-WA
MENANG-WB
MEXTER-WA
MFCB-WA
MFLOUR-WB
MHB-CY
MINHO-WC
MISC-C5
MISC-C8
MITRA-WD
MKH-WB
MLAB-WA
MMCCORP-C1
MMCCORP-C2
MMCCORP-C3
MRCB-C7
MRCB-C8
MRCB-WA
MTOUCHE-WA
MYEG-C1
MYEG-CT
MYEG-CV
MYEG-CW
MYEG-CX
MYEG-CY
NEXGRAM-WA
NEXGRAM-WC
NOTION-WB
OCK-WA
OCR-WC
OSK-WC
PADINI-CF
PALETTE-WA
PANTECH-WA
PBBANK-C11
PENSONI-WB
PERWAJA-WA
PESONA-WC
PETRONM-CA
PJDEV-WC
PMETAL-CO
PMETAL-WC
POHUAT-WB
POS-C1
POS-CV
POS-CW
POS-CX
POS-CY
POS-CZ
PRESBHD-CC
CLOSE
(RM)
+/(RM)
1.520
0.105
0.030
0.100
0.030
0.005
0.975
0.025
0.090
0.345
0.205
1.000
0.895
1.390
2.580
1.090
1.030
0.905
0.005
0.045
0.090
0.075
0.105
0.180
0.320
0.280
0.465
0.330
0.495
0.855
0.025
0.020
0.045
0.045
0.160
1.690
0.175
0.045
0.120
0.070
0.030
0.060
0.090
0.070
0.475
0.020
0.005
0.095
0.060
0.150
1.430
0.085
0.805
0.060
0.135
0.140
0.145
0.025
0.275
0.190
0.030
0.035
0.030
0.145
0.235
0.130
0.055
0.065
0.105
0.030
0.015
0.125
0.125
0.395
0.155
0.270
0.265
0.160
0.650
0.230
0.150
0.295
0.030
0.130
0.560
1.250
0.035
0.080
0.140
0.085
0.115
0.090
0.125
0.010
0.190
0.195
0.065
0.050
0.095
0.110
0.025
0.020
0.030
0.225
0.095
0.275
0.215
0.040
0.160
0.250
0.280
0.020
0.200
0.025
0.500
0.370
3.000
0.710
0.225
0.280
0.120
0.150
0.255
0.185
0.025
-0.020
-0.005
Unch
-0.005
-0.005
Unch
0.010
Unch
Unch
0.005
-0.005
0.100
0.080
0.040
0.510
0.060
0.040
0.055
Unch
-0.005
-0.020
-0.075
-0.015
-0.015
-0.020
-0.020
-0.030
-0.015
-0.050
-0.030
Unch
-0.005
-0.005
Unch
-0.010
-0.040
-0.010
Unch
Unch
0.005
0.005
Unch
0.010
Unch
Unch
0.010
Unch
Unch
-0.010
-0.010
Unch
Unch
Unch
Unch
Unch
-0.005
-0.015
Unch
Unch
0.015
Unch
Unch
Unch
-0.010
Unch
Unch
Unch
Unch
Unch
Unch
Unch
0.005
Unch
0.010
Unch
-0.025
Unch
0.005
Unch
-0.005
-0.010
-0.005
Unch
0.005
-0.005
0.010
Unch
0.015
0.010
Unch
0.005
Unch
0.005
Unch
-0.010
-0.005
-0.005
Unch
Unch
-0.015
Unch
Unch
0.005
Unch
0.010
Unch
Unch
-0.005
0.005
-0.015
Unch
Unch
0.010
Unch
Unch
0.020
0.030
-0.020
Unch
Unch
Unch
-0.005
0.010
Unch
0.005
VOL PARENT
EXE
(000)
PRICE PRICE
329.1
416.3
32
50
50
345.3
1736.1
1316.8
481
41
13.5
478.8
10829.8
30
0.2
377.6
31.3
488.5
400
25
16144.6
50
373
163
410.1
277
3833.9
61
57
228.8
910.1
199.8
500
527.8
5
345.8
2037.9
147.2
50
10.1
4290
1471.4
48.9
38
304
494.7
280
210
90.1
140
60.1
10
292.1
467.7
499.4
171.5
50
752.5
75
2.2
150
191
12482.2
31.3
302.4
80
355
625
228.8
425
159.5
64
360.1
255.6
567.4
7
234.5
8139.5
116
101.2
421
166
765.2
194
183.4
291.9
206.3
1911.6
4011.1
25
3249.4
230
1221.7
100
1718
880.3
5.5
664.9
4595.8
1955
190.1
1210
70
1477.5
25
120
23.5
493
50
200
323.9
500
1344.9
159
615.2
275.2
130.5
123.2
35
912.9
160
1841
9
205
170.1
7.940
0.365
0.095
0.400
4.580
4.580
1.240
0.275
0.275
0.835
0.390
12,558
12,558
12,558
12,559
12,558
12,558
12,558
12,559
12,559
12,559
12,559
12,559
12,559
12,559
12,559
12,559
12,558
12,559
12,559
1.780
0.060
3.450
3.290
3.290
3.290
0.700
4.500
0.530
0.410
0.105
0.545
0.225
0.250
2.270
1.250
1.250
1.250
2.430
2.430
2.360
0.320
2.030
0.420
0.420
0.380
6.620
1.150
1.400
0.725
0.065
0.065
0.065
1.600
1.600
1.600
1.660
1.660
0.650
7.950
7.950
7.950
7.950
1.060
2.610
0.360
0.910
0.290
2.040
1.560
1.020
0.655
7.660
7.660
1.420
2.800
0.090
2.250
2.250
2.250
1.300
1.300
1.300
0.085
2.170
2.170
2.170
2.170
2.170
2.170
0.045
0.045
0.380
0.810
0.390
1.560
3.010
0.055
0.550
19.799
0.705
0.105
0.430
4.170
1.500
4.130
4.130
1.540
3.340
3.340
3.340
3.340
3.340
3.340
2.240
7.960
0.800
0.100
0.400
4.780
6.100
0.250
0.690
0.500
0.600
0.180
22,400
23,200
21,800
19,800
23,000
23,400
24,200
20,600
20,000
21,400
19,400
20,800
20,400
21,800
21,000
22,400
20,600
22,000
23,400
2.000
0.180
3.700
3.500
3.200
1.600
1.000
4.700
1.000
0.750
0.100
0.600
0.750
0.320
2.280
2.000
1.500
1.300
2.300
2.200
0.880
0.500
1.680
0.980
1.000
0.300
6.600
1.400
1.000
1.000
0.100
0.100
0.100
1.450
1.440
2.100
1.600
1.700
1.000
8.600
9.000
8.150
8.000
0.800
3.200
0.100
1.000
0.130
2.220
2.060
0.900
0.500
8.600
7.500
1.090
1.890
0.100
2.100
2.100
2.650
1.220
1.350
2.300
0.890
2.100
1.775
2.250
2.350
1.900
2.150
0.100
0.100
1.000
0.710
0.500
1.800
2.900
0.040
0.600
20.000
0.600
1.000
0.250
6.000
1.000
2.700
1.100
1.000
3.600
2.770
3.000
3.100
2.800
3.000
3.000
PRM
(%)
19.40
147.95
36.84
25.00
10.26
33.95
-1.21
160.00
114.55
13.17
-1.28
85.53
91.15
83.54
76.14
90.95
93.70
99.18
64.06
59.57
71.04
55.01
66.37
63.72
75.87
69.21
81.69
66.39
78.72
92.45
14.47
233.33
9.86
11.85
16.72
0.00
67.86
7.94
111.32
100.00
23.81
21.10
273.33
56.00
21.37
66.40
21.20
26.80
4.53
9.05
-2.12
82.81
22.41
147.62
170.24
15.79
9.99
23.91
-8.93
64.14
100.00
107.69
100.00
-0.31
4.69
39.38
6.33
10.24
70.00
9.12
14.91
9.12
4.56
12.74
28.54
2.78
39.01
0.00
40.69
46.79
2.94
21.37
14.62
6.40
16.20
12.14
50.00
0.44
12.00
29.87
11.54
21.15
86.54
958.82
14.29
-0.23
11.18
18.66
4.19
12.76
177.78
166.67
171.05
15.43
52.56
33.01
10.63
45.45
38.18
9.22
24.82
871.43
4.65
51.08
0.00
1.21
-0.73
11.04
26.65
-0.30
2.40
6.29
6.74
14.75
38.39
EXPIRY
DATE
18/12/2018
24/12/2019
03/06/2025
02/10/2020
28/10/2016
28/10/2016
28/02/2020
09/01/2017
23/06/2021
21/12/2018
05/06/2018
29/09/2016
28/10/2016
28/10/2016
29/11/2016
29/12/2016
26/01/2017
27/02/2017
29/09/2016
28/10/2016
28/10/2016
29/11/2016
29/11/2016
29/12/2016
29/12/2016
26/01/2017
26/01/2017
27/02/2017
27/02/2017
27/02/2017
11/11/2016
15/03/2021
28/10/2016
28/10/2016
09/05/2017
17/02/2020
25/02/2020
30/12/2016
25/06/2019
26/04/2017
14/08/2019
14/03/2017
06/02/2019
23/12/2021
21/11/2017
31/01/2017
30/09/2016
28/02/2017
28/10/2016
31/01/2017
20/12/2017
12/06/2019
12/03/2024
15/11/2017
21/04/2020
21/01/2020
30/11/2016
11/11/2016
17/04/2018
26/01/2020
03/06/2022
26/05/2023
21/08/2019
30/09/2016
16/03/2018
21/02/2020
28/11/2016
31/01/2017
29/06/2018
30/12/2016
11/10/2016
31/01/2017
30/06/2017
28/11/2022
14/06/2017
29/04/2019
09/07/2019
17/09/2018
08/04/2020
09/05/2017
30/11/2016
02/08/2021
30/12/2016
31/05/2017
23/08/2020
29/12/2017
24/04/2020
30/09/2016
13/01/2017
28/02/2017
31/03/2017
28/02/2017
14/09/2018
17/01/2018
30/06/2017
30/09/2016
28/10/2016
23/11/2016
31/10/2016
30/12/2016
16/05/2022
15/01/2024
02/05/2017
15/12/2020
24/07/2021
22/07/2020
30/06/2017
20/03/2018
21/12/2020
28/02/2017
20/01/2024
28/02/2022
27/01/2020
15/12/2016
04/12/2020
15/12/2016
22/08/2019
21/10/2020
28/02/2017
31/10/2016
11/10/2016
13/01/2017
13/01/2017
31/01/2017
11/11/2016
Markets 2 9
B U R S A M A L AY S I A E Q U I T Y D E R I VAT I V E S
China Shanghai tumbles the most in

three months on Fed anxiety
SHANGHAI: Chinas blue-chip stocks
tumbled the most in three months yesterday,
tracking a sharp retreat in global markets
as investors were spooked by talk of a
possible US rate hike this week, sending
bond yields up and pressuring the Chinese
currency.
The CSI 300 Index of the largest listed
companies in Shanghai and Shenzhen fell
1.67% or 55.44 points to 3,262.6, posting
its biggest percentage loss since June 13.
The Shanghai Composite Index lost
1.85% or 56.88 points to 3,021.98, booking
the worst day since July 27.
Investors were concerned that the US
Federal Reserve (Fed) would raise interest
rates as early as this week, after Boston
Fed president Eric Rosengren said in a
speech last Friday that gradual interest rate
increases might be in order with the US
economy at full employment and that low
interest rates were increasing the chance
of an overheated economy.
The prospects of a US rate increase also
put pressure on the Chinese currency. Chinas
state-owned banks sold US dollars to keep
the currency stable in the morning trade after
the Chinese central bank sharply weakened
its official fixing, two traders told Reuters.
The Hong Kongs Hang Seng Index
dropped 3.36% or 809.1 points to 23,290.6,
while the Hong Kong China Enterprises Index
lost 4.02% or 403.89 points to 9,654.08.

Aided by continuous Chinese money
inflows, the Hong Kong market had gained
over 30% since its February low, making
a correction natural, some analysts said.
Shifting US interest rate expectations
will trigger volatility in funding costs, bond
prices and the yuan. And volatility can spill,
Hong Hao, chief strategist at BOCOM
International, wrote yesterday.
Long-term investors should pause for
better allocation opportunities ahead in
Hong Kong, Hong noted.
The China market had been moving
within a narrow range over the past weeks,
as investors remained on the sidelines with
few signs of economic recovery.
Stocks fell across the board in China
and Hong Kong.
Today (yesterday) has become a bit of
a perfect storm for selling, said Gavin Parry,
Hong Kong-based managing director at
brokerage Parry International Trading Ltd.
That storm, according to Parry, includes
geopolitical risks from North Koreas nuclear
test last Friday and trading disruptions in
China because of festival holidays this week.
And while officials from the Group of
Twenty nations broadly agreed at a meeting
in China last week that monetary policy
alone could not help a world where growth
has languished since the 2008 crisis,
governments in the biggest economies,
including some with severe debt burdens,
have said little about further fiscal spending.
Shanghai Composite
Hang Seng
Index points
3,021.98
5800
Japan Nikkei suers biggest decline

in more than one month on Fed hike
worries
TOKYO: Japanese stocks posted their
biggest decline in more than a month
yesterday after comments by US Federal
Reserve (Fed) officials sparked fears of a
rate hike as soon as this week, weighing
on shares and other risk assets globally.
The Nikkei Share Average fell 1.73%
to 16,672.92 points, its lowest closing
level since Aug 26. It was the largest daily
percentage drop since early August.
Investors were risk-averse after Wall
Street tumbled last Friday, with the S&P
500 Index seeing its worst day since June
after Boston Fed president Eric Rosengren,
a historically dovish policymaker, said the
Fed faced increasing risks if it waited too
much longer to raise interest rates.
The market is worried that the Fed
mentions an interest rate hike even though
the recent economic readings were weak,
said Toru Ibayashi, head of chief investment
officer of Wealth Management at UBS
Securities. People are worried as the Fed
is not communicating with the market well.
Global markets have started pricing
in a greater chance of a Fed rate hike on
Sept 21 on the back of a series of hawkish
speeches.
Any hint of hawkishness would likely
further pressure bonds and equities. News
of [a] Fed rate hike is clearly like a perfect
ASX 200
Nikkei 225
Index points
Index points
Index points
28900
20800
4825
25625 21,056.93
17625
3850
22350
14450
-56.88
(-1.85%)
storm of reason to sell down the market,

said an analyst.
All of the Topixs 33 subsectors were
in negative territory, with cyclical stocks
battered in particular.
Toyota Motor Corp dropped 1.26%,
Advantest Corp shed 1.99% and Panasonic
Corp fell 1.58%.
Securities stocks also took a hit. Nomura
Holdings shed 0.99% and Daiwa Securities
Group tumbled 2.89% as investors have
become risk-averse.
Unexpectedly strong Japans July
core machinery orders, which showed an
increase of 4.9% in July from the previous
month, did little to help the stock market.
Anxiety is also growing ahead of this
weeks Bank of Japan (BoJ) policy review,
which coincides with the Feds.
Sources familiar with BoJ thinking told
Reuters the previous week that the central
bank is studying several options to steepen
the bond yield curve as the authorities
desperately seek tools to revive an economy
that has failed to emerge from stagnation
despite years of massive stimulus.
The yield on the 30-year Japanese
government bonds jumped four basis points
yesterday to hit its highest level since late
March on expectations that the BoJ may
seek to steepen the yield curve and possibly
taper its bond buying.
The broader Topix dropped 1.5% to
1,323.1points and the JPX-Nikkei Index
400 declined 1.5% to 11,870.36. Reuters
6290
5460
3,087.842
2875
19075
1900
Mar 1, 2010
Sep 12, 2016
15800
-809.10
(-3.36%)
Mar 1, 2010
Sep 12, 2016
DAY
HIGH
DAY
LOW
CODE
0.195
0.278
0.540
0.035
0.295
0.130
5.100
0.070
0.115
0.115
0.250
0.035
0.150
0.160
0.115
0.530
0.160
0.465
0.200
0.040
0.275
0.100
0.110
0.110
0.165
0.205
0.115
0.130
0.875
0.255
0.155
1.550
0.170
0.110
0.105
0.170
0.235
0.155
0.270
0.060
0.120
0.105
0.160
0.180
0.070
0.430
0.275
0.560
0.005
0.080
0.405
0.015
0.215
0.050
4.310
0.020
0.085
0.065
0.110
0.025
0.060
0.060
0.050
0.120
0.070
0.270
0.010
0.005
0.005
0.015
0.025
0.030
0.115
0.125
0.065
0.005
0.470
0.040
0.100
0.680
0.035
0.050
0.035
0.075
0.105
0.120
0.005
0.010
0.005
0.045
0.075
0.095
0.045
0.050
0.155
0.170
0.005
0.275
0.475
0.025
0.270
0.050
4.650
0.035
0.100
0.070
0.115
0.035
0.075
0.070
0.080
0.200
0.080
0.290
0.015
0.005
0.010
0.020
0.080
0.070
0.160
0.195
0.065
0.010
0.585
0.045
0.145
1.280
0.135
0.055
0.040
0.080
0.140
0.125
0.005
0.015
0.010
0.065
0.125
0.120
0.050
0.065
0.170
0.250
0.005
0.265
0.465
0.020
0.255
0.050
4.570
0.025
0.095
0.065
0.110
0.030
0.075
0.070
0.080
0.200
0.080
0.280
0.010
0.005
0.005
0.020
0.070
0.065
0.155
0.190
0.065
0.010
0.555
0.040
0.145
1.260
0.135
0.055
0.035
0.080
0.130
0.120
0.005
0.010
0.005
0.060
0.120
0.120
0.050
0.065
0.165
0.250
5204CD
7168WA
8966WA
0007WB
7134WA
7084CH
7765WA
5256WA
1066CW
5270WA
7185WA
0133WD
5157WA
4731CD
0028WA
7073WA
0055WA
7246WA
4197C3
0060WA
521817
521822
521825
521826
521827
521829
5218HD
7155CA
7155WA
0117WA
0093WA
7103WA
8664CU
1201WA
1201WB
5263CB
5263CC
5263CE
710610
710613
710615
710617
710618
710619
710620
7106C3
1538WB
8524WB
WARRANTS
PRESBHD-CD
PRG-WA
PRLEXUS-WA
PUC-WB
PWF-WA
QL-CH
RAPID-WA
REACH-WA
RHBBANK-CW
RSENA-WA
SAMUDRA-WA
SANICHI-WD
SAUDEE-WA
SCIENTX-CD
SCOPE-WA
SEACERA-WA
SERSOL-WA
SIGN-WA
SIME-C3
SKH-WA
SKPETROC17
SKPETROC22
SKPETROC25
SKPETROC26
SKPETROC27
SKPETROC29
SKPETRO-HD
SKPRES-CA
SKPRES-WA
SMRT-WA
SOLUTN-WA
SPRITZER-WA
SPSETIA-CU
SUMATEC-WA
SUMATEC-WB
SUNCON-CB
SUNCON-CC
SUNCON-CE
SUPERMX-C10
SUPERMX-C13
SUPERMX-C15
SUPERMX-C17
SUPERMX-C18
SUPERMX-C19
SUPERMX-C20
SUPERMX-C3
SYMLIFE-WB
TALIWRK-WB
CLOSE
(RM)
+/(RM)
0.005
0.265
0.470
0.025
0.255
0.050
4.650
0.030
0.095
0.065
0.110
0.030
0.075
0.070
0.080
0.200
0.080
0.285
0.015
0.005
0.010
0.020
0.070
0.065
0.155
0.190
0.065
0.010
0.575
0.045
0.145
1.260
0.135
0.055
0.035
0.080
0.135
0.120
0.005
0.015
0.005
0.065
0.125
0.120
0.050
0.065
0.165
0.250
Unch
Unch
Unch
Unch
-0.005
Unch
0.060
Unch
Unch
Unch
Unch
Unch
Unch
-0.005
0.010
Unch
-0.005
-0.005
Unch
Unch
-0.005
0.005
-0.005
Unch
Unch
0.005
-0.005
Unch
0.015
Unch
Unch
Unch
-0.035
-0.005
-0.005
-0.010
-0.010
-0.010
Unch
0.005
-0.005
-0.005
Unch
Unch
-0.005
Unch
-0.005
0.005
VOL PARENT
EXE
(000)
PRICE PRICE
300
828
110
130.1
79
35
42.1
3220
112.8
1840
334
2388.2
0.1
70
10
36
100
291.5
651.6
20
1710.5
50
9190.2
3120
810
2367.5
100
650
577.4
21.7
289.8
5.9
45
50.5
589.3
400
2930
2941
550
90
425
676
1029.6
419
30
75
196.9
55
2.240
0.680
1.410
0.070
0.700
4.340
5.750
0.685
4.980
0.410
0.400
0.090
0.285
6.240
0.165
0.890
0.125
0.965
7.860
0.055
1.620
1.620
1.620
1.620
1.620
1.620
1.620
1.250
1.250
0.175
0.245
2.500
3.320
0.090
0.090
1.610
1.610
1.610
2.140
2.140
2.140
2.140
2.140
2.140
2.140
2.140
0.690
1.460
3.000
0.375
1.200
0.100
0.620
4.400
1.000
0.750
5.000
0.500
0.300
1.000
0.500
6.500
0.150
1.000
0.180
0.970
7.900
0.100
1.700
2.080
2.000
1.850
1.400
1.400
1.600
1.500
0.650
0.180
0.200
1.180
3.200
0.320
0.175
1.450
1.450
1.500
3.170
4.000
3.100
2.500
2.200
2.200
2.750
2.000
1.100
1.700
PRM
(%)
34.49
-5.88
18.44
78.57
25.00
8.29
-1.74
13.87
8.03
37.80
2.50
1,044
101.75
15.38
39.39
34.83
108.00
30.05
1.27
90.91
6.48
33.33
38.58
24.23
10.34
9.88
14.81
21.60
-2.00
28.57
40.82
-2.40
4.52
316.67
133.33
2.48
2.64
8.07
49.07
90.42
46.14
25.93
17.41
16.82
36.21
5.61
83.33
33.56
-292.84
(-1.73%)
3800
8100
Main Market & Ace Market Warrants

YEAR
LOW
4630
16,672.92
11275
23,290.60
Bursa Malaysia Equity Derivatives

YEAR
HIGH
10,172.06
EXPIRY
DATE
11/10/2016
06/07/2019
14/06/2021
15/02/2019
20/07/2021
23/11/2016
07/04/2017
12/08/2022
31/05/2017
01/12/2023
02/01/2018
21/07/2019
31/03/2021
13/01/2017
17/07/2020
16/05/2017
18/04/2023
21/04/2021
30/09/2016
16/01/2017
30/09/2016
28/11/2016
26/01/2017
30/11/2016
31/01/2017
31/05/2017
26/01/2017
30/09/2016
27/06/2017
01/08/2017
04/07/2021
13/12/2016
31/01/2017
03/03/2021
13/11/2018
07/10/2016
28/10/2016
30/12/2016
31/10/2016
31/01/2017
23/11/2016
14/03/2017
28/04/2017
31/01/2017
28/02/2017
28/10/2016
11/11/2020
11/11/2018
Mar 1, 2010
Sep 12, 2016
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE
0.140
0.170
0.180
0.115
3.560
0.315
0.765
0.460
0.080
0.080
0.160
0.225
0.470
0.400
0.170
0.060
0.390
0.250
0.115
0.125
0.055
0.130
0.320
0.085
0.120
0.110
0.060
0.150
0.165
0.055
0.250
0.192
0.228
0.175
0.075
0.130
0.165
0.515
0.165
0.290
0.235
0.870
0.025
0.030
0.025
0.075
0.085
0.180
0.220
0.450
0.190
0.055
0.110
0.150
0.090
0.600
0.130
0.310
0.305
0.010
0.010
0.035
0.055
0.060
0.005
0.025
0.005
0.205
0.140
0.050
0.030
0.015
0.015
0.120
0.005
0.005
0.025
0.010
0.070
0.080
0.050
0.075
0.008
0.021
0.020
0.030
0.090
0.105
0.195
0.055
0.110
0.130
0.497
0.005
0.010
0.005
0.010
0.040
0.025
0.110
0.300
0.075
0.085
0.120
0.150
0.090
3.180
0.315
0.635
0.395
0.010
0.010
0.070
0.105
0.100
0.010
0.055
0.025
0.305
0.170
0.070
0.060
0.015
0.035
0.165
0.015
0.025
0.035
0.020
0.075
0.095
0.055
0.145
0.120
0.140
0.035
0.035
0.090
0.125
0.345
0.075
0.195
0.190
0.540
0.005
0.015
0.005
0.010
0.055
0.180
0.220
0.385
0.110
0.075
0.110
0.150
0.090
3.120
0.300
0.615
0.355
0.010
0.010
0.060
0.100
0.095
0.005
0.050
0.015
0.295
0.170
0.050
0.055
0.015
0.035
0.165
0.010
0.015
0.030
0.015
0.075
0.095
0.055
0.135
0.110
0.135
0.030
0.035
0.090
0.125
0.340
0.065
0.185
0.185
0.535
0.005
0.010
0.005
0.010
0.050
0.150
0.215
0.375
0.105
534728
534729
534730
534731
7034WA
0101WB
8397WC
7285WA
7113C1
7113C4
7113C6
7113C7
7113CW
7113CZ
5054WA
0118WA
5401WA
5042WB
514827
514828
514829
4588CW
4588CY
5243C2
5243C3
5243C4
5243C5
5243C6
5243C7
5243C8
7091WA
0069WB
0069WC
6963CA
6963CF
6963CG
6963CH
6963WA
9679CX
9679WD
9679WE
7245WA
5156WB
5156WC
0095WA
5155WA
0165WA
7020WB
4677C4
6742WB
2283WA
WARRANTS
TENAGA-C28
TENAGA-C29
TENAGA-C30
TENAGA-C31
TGUAN-WA
TMCLIFE-WB
TNLOGIS-WC
TOMYPAK-WA
TOPGLOV-C1
TOPGLOV-C4
TOPGLOV-C6
TOPGLOV-C7
TOPGLOV-CW
TOPGLOV-CZ
TRC-WA
TRIVE-WA
TROP-WA
TSRCAP-WB
UEMS-C27
UEMS-C28
UEMS-C29
UMW-CW
UMW-CY
UMWOG-C2
UMWOG-C3
UMWOG-C4
UMWOG-C5
UMWOG-C6
UMWOG-C7
UMWOG-C8
UNIMECH-WA
VIVOCOM-WB
VIVOCOM-WC
VS-CA
VS-CF
VS-CG
VS-CH
VS-WA
WCT-CX
WCT-WD
WCT-WE
WZSATU-WA
XDL-WB
XDL-WC
XINGHE-WA
XINQUAN-WA
XOX-WA
YKGI-WB
YTL-C4
YTLPOWR-WB
ZELAN-WA
5,219.608
-119.574
(-2.24%)
4,686.53
Mar 1, 2010
CLOSE
(RM)
+/(RM)
0.085
0.120
0.150
0.090
3.120
0.305
0.625
0.365
0.010
0.010
0.060
0.100
0.095
0.005
0.050
0.015
0.295
0.170
0.050
0.055
0.015
0.035
0.165
0.015
0.020
0.030
0.020
0.075
0.095
0.055
0.140
0.110
0.135
0.035
0.035
0.090
0.125
0.345
0.075
0.195
0.185
0.540
0.005
0.010
0.005
0.010
0.055
0.160
0.220
0.385
0.110
-0.010
-0.010
-0.010
-0.010
-0.080
Unch
0.010
-0.030
-0.005
Unch
-0.015
-0.005
-0.010
-0.010
-0.005
Unch
0.010
0.030
-0.010
-0.005
Unch
-0.010
Unch
0.010
0.010
Unch
0.010
0.005
Unch
Unch
Unch
-0.010
-0.005
-0.005
Unch
Unch
Unch
0.005
0.010
0.005
Unch
-0.005
Unch
-0.005
-0.005
Unch
0.005
0.010
Unch
0.005
Unch
Sep 12, 2016
VOL PARENT
EXE
(000)
PRICE PRICE
1819.4
54
1.1
202.3
124.1
3651.1
402.3
1669.9
100
1930
8258.9
822.9
857
481
246.5
291
333
1.6
1122
625.1
936.5
40.7
6.6
4877.9
6927.4
12793.4
19096.1
570
18
175
140.6
19442.9
658.2
550
300
20
42.8
1150.2
585.5
470.8
1585.5
27.5
200
1400
550.1
255.9
457.1
21078.9
340
248.6
121.3
14.440
14.440
14.440
14.440
4.400
0.985
1.630
1.660
4.710
4.710
4.710
4.710
4.710
4.710
0.435
0.085
1.040
0.460
1.090
1.090
1.090
5.930
5.930
0.920
0.920
0.920
0.920
0.920
0.920
0.920
1.190
0.215
0.215
1.360
1.360
1.360
1.360
1.360
1.640
1.640
1.640
1.040
0.035
0.035
0.035
0.105
0.140
0.360
1.730
1.530
0.180
Please refer to the bursa malaysia website for the prices of Loan stocks, bonds and overseas structure warrants
14.400
15.100
14.500
15.000
1.500
0.750
1.000
2.290
7.000
6.500
5.150
4.950
4.040
6.900
0.500
0.100
1.000
0.700
0.980
1.050
1.250
7.000
5.700
1.380
1.070
1.020
1.300
1.000
1.000
1.150
1.500
0.200
0.100
1.380
1.300
1.400
1.200
1.650
1.600
1.710
2.080
0.500
0.060
0.040
0.100
1.000
0.200
0.500
1.500
1.140
0.250
PRM
(%)
3.84
9.56
10.28
10.11
5.00
7.11
-0.31
59.94
51.17
40.13
15.71
13.59
0.90
47.13
26.44
35.29
24.52
89.13
0.92
11.47
18.12
20.99
10.03
54.89
19.57
20.65
44.57
20.92
19.02
38.75
37.82
44.19
9.30
9.19
4.60
16.18
11.21
46.69
6.71
16.16
38.11
0.00
85.71
42.86
200.00
861.90
82.14
83.33
-0.58
-0.33
100.00
EXPIRY
DATE
28/02/2017
30/11/2016
17/02/2017
14/03/2017
09/10/2019
21/06/2019
26/12/2018
21/06/2021
31/01/2017
23/11/2016
28/02/2017
30/11/2016
28/10/2016
28/10/2016
20/01/2017
06/01/2017
06/12/2019
28/12/2020
30/09/2016
28/11/2016
28/10/2016
31/01/2017
31/05/2017
28/11/2016
31/10/2016
30/11/2016
15/12/2016
17/02/2017
31/05/2017
28/02/2017
18/09/2018
07/09/2018
22/01/2020
28/10/2016
30/09/2016
14/03/2017
31/01/2017
06/01/2019
30/12/2016
11/12/2017
27/08/2020
28/10/2024
22/01/2017
02/07/2018
22/03/2019
24/06/2019
10/02/2019
28/05/2020
31/03/2017
11/06/2018
25/01/2019
3 0 Markets
T UESDAY SEP TEM B ER 1 3 , 2 0 16 TH E EDGE F I N AN C I AL DAI LY
INSIDER MOVES . TRADING THEMES . EVENTS . FOREX
Trading themes
Insider moves (Filings on Sep 8, 2016)

Insider Moves show what substantial shareholders are doing with their stakes, which could be a signal of their views on the companys outlook.
COMPANY
7-ELEVEN MALAYSIA
ASIA FILE CORPORATION
AXIATA GROUP
BIMB
BUMI ARMADA
BURSA MALAYSIA
CAHYA MATA SARAWAK
CAN-ONE
CAPITALAND (M) MALL TRUST
COMPUGATES
DIGI.COM
DIGI.COM
ECOFIRST CONSOLIDATED
GAMUDA
GAMUDA
HARTALEGA
HARTALEGA
IGB REAL ESTATE
INVESTMENT TRUST
IHH HEALTHCARE
IJM CORPORATION
IOI CORPORATION
IOI PROPERTIES GROUP
IOI PROPERTIES GROUP
KOSSAN RUBBER INDUSTRIES
KPJ HEALTHCARE
KUALA LUMPUR KEPONG
LINGKARAN TRANS KOTA
MALAYSIA AIRPORTS
MAXIS
MAXIS
PETRONAS GAS
POS MALAYSIA
PPB GROUP
PRG
PUBLIC BANK
S P SETIA
SAPURAKENCANA PETROLEUM
SEACERA GROUP
SHELL REFINING COMPANY
(FEDERATION OF MALAYA)
SIME DARBY
SUNWAY
SUNWAY REAL ESTATE
INVESTMENT TRUST
SYARIKAT TAKAFUL MALAYSIA
TELEKOM MALAYSIA
TELEKOM MALAYSIA
TOP GLOVE CORPORATION
UMW
UNITED MALACCA
UOA DEVELOPMENT
WCT
WZ SATU
YONG TAI
YTL CORPORATION
SHARES ACQUIRED
(DISPOSED)
DIRECTOR/SUBSTANTIAL
SHAREHOLDER
346,800 FRANKLIN RESOURCES, INC US

(177,400) AMANAHRAYA TRUSTEES
- SKIM AMANAH SAHAM BUMIPUTERA
3,500,000 EMPLOYEES PROVIDENT FUND BOARD
(200,000) EMPLOYEES PROVIDENT FUND BOARD
(2,203,800) EMPLOYEES PROVIDENT FUND BOARD
380,000 EMPLOYEES PROVIDENT FUND BOARD
(108,000) GENKHO CANDOZ
818,000 AMANAHRAYA TRUSTEES
150,000 SEE THOO CHAN
(1,975,000) AMANAHRAYA TRUSTEES
2,200,000 DATO TIONG KWING HEE
1,027,000 KUAN KAM PENG
2,116,000 AMANAHRAYA TRUSTEES
1,351,000 VERTICAL CAPACITY
60,500 AMANAHRAYA TRUSTEES
96,000 WANG JING
159,600 ZULKARNIN ARIFFIN
(400,000) DATO SRI MOHAMED HASSAN MD KAMIL
134,000 DATO SRI TENGKU UZIR TENGKU DATO
UBAIDILLAH
2,400,000 DATO SRI LEE EE HOE, JP
SHARES HELD
AFTER CHANGE
TRANSACTION
DATE
75,387,300
46,014,600
6/9
5 & 6/9
1,354,048,767
198,418,101
360,567,000
39,243,894
125,537,827
38,354,000
184,169,300
1/9
5/9
5/9
5/9
2/9
2/9
5 & 6/9
429,004,410
906,740,440
511,755,400
8/9
5/9
5 & 6/9
127,760,900
(2,687,700)
29/8
5 & 6/9
279,696,405
845,371,468
117,454,200
239,815,313
5/9
5/9
5/9
5/9
704,064,500
299,256,400
5/9
25/8
389,394,573
233,896,086
2,248,306,047
70,563,600
134,341,195
116,301,688
36,814,200
5/9
5/9
5 & 6/9
2/9
5/9
5/9
5/9
200,889,593
617,394,500
5/9
5 & 6/9
647,991,909
202,830,000
76,172,200
81,565,279
9,252,000
464,877,510
414,268,089
5/9
5/9
5/9
5/9
1 & 2/9
5/9
5/9
850,239,975
48,722,774
29,343,247
5/9
5 - 7/9
5/9
722,652,809
105,233,700
5/9
5 & 6/9
257,308,800
5 & 6/9
2,208,465
464,190,600
7/9
5 & 6/9
519,975,030
105,351,546
187,953,856
16,226,600
93,219,500
91,780,350
89,086,936
5/9
5/9
2 & 5/9
5/9
5/9
5/9
8/9
17,389,000
666,492,847
5 & 6/9
5/9
While every eort is made to ensure accuracy, the information presented is not an exhaustive list and is not an ocial record of shareholder
lings. Direct and indirect share are combined due to space constraints. Readers who are interested should check the ocial lings led with
Bursa Malaysia.
Note: * denotes Ace Market
Local event to watch out for today

MRT Sungai Buloh-Serdang-Putrajaya line breaking pre-ground briefing at Hilton
Kuala Lumpur, Level 7, Suite 1 and 2, Jalan Stesen Sentral, Kuala Lumpur from 10am
to 12.30pm.
Military balance in the Asia-Pacic

A look at military firepower and personnel across the Asia-Pacific. Sheer numbers do not
always imply a stronger military. Some nations have large armies but use ageing equipment,
while others have a smaller number of personnel or less hardware but focus on developing
technology.
Apples Irish tax ow
Stocks closest to year low
Stocks closest to year high

STOCK
PECCA
DNEX
HAIO
HSI-C48
HSI-C36
HSI-C54
HSI-C60
HSI-C30
HSI-C38
YKGI-WB
MYCRON
TMCLIFE
INSAS-PA
HSI-C44
EKOVEST-WB
HIGH
(RM)
LOW
(RM)
CLOSE
(RM)
VOLUME
('000)
2.070
0.285
3.380
1.130
0.935
1.030
0.955
1.080
1.390
0.180
0.810
0.985
0.950
2.580
0.890
1.970
0.275
3.340
1.050
0.800
1.030
0.885
0.950
1.330
0.150
0.700
0.970
0.940
2.500
0.850
1.980
0.285
3.380
1.090
0.895
1.030
0.905
1.000
1.390
0.160
0.785
0.985
0.940
2.580
0.870
2003.1
30260.2
217.7
377.6
10829.8
31.3
488.5
478.8
30
21078.9
13600
1400.4
21.8
0.2
52
This table shows stocks that are trading near their year high. This
could suggest a build-up in buying momentum, or the possibility that
prot-taking activities could set in later.
STOCK
KIALIM
HSI-H45
HSI-H57
HSI-H63
HSI-H69
FBMKLCI-H87
HSI-H65
HSI-H61
TENAGA-C29
SCOMIEN
HSI-H55
HSI-H67
FBMKLCI-C90
HSI-H51
SUNCON-CE
HIGH
(RM)
LOW
(RM)
CLOSE
(RM)
VOLUME
('000)
0.460
0.115
0.345
0.495
0.895
0.265
0.335
0.285
0.120
0.150
0.185
0.520
0.200
0.120
0.125
0.455
0.080
0.295
0.435
0.810
0.265
0.320
0.265
0.110
0.150
0.175
0.485
0.195
0.105
0.120
0.460
0.090
0.320
0.465
0.855
0.265
0.330
0.280
0.120
0.150
0.180
0.495
0.200
0.105
0.120
23.9
16144.6
410.1
3833.9
228.8
40
61
277
54
157.8
163
57
200
373
2941
This table shows stocks that are trading near their year low. This
could suggest a build-up in selling momentum, or the possibility that
bargain hunting could set in later.
Foreign exchange rates

NZ
NZ $
EURO
0.651
US
SWISS
BRIT CANADA BRUNEI SPORE
AUST
MSIA
CHINA
BANGLH
DENMK
UAE
INA
INDIA
JAPAN NORWAY
PHIL
QATAR
SAUDI SWEDEN
THAI
HK
0.730
0.712
0.551
0.957
0.994
0.995
0.973
2.9746
4.879
57.169
4.844
2.683
9,568
48.850
74.415
6.030
34.733
2.659
2.739
6.223
25.499
5.666
1.122
1.094
0.846
1.471
1.528
1.529
1.496
4.5710
7.497
87.851
7.443
4.122
14,702
75.066
114.352
9.266
53.374
4.087
4.210
9.563
39.183
8.707
7.758
EURO
1.537
US $
1.369
0.891
SWISS FR
1.405
0.914
1.026
STERLING
1.816
1.182
1.326
1.292
CANADA $
1.045
0.680
0.763
0.743
0.575
BRUNEI $
1.006
0.654
0.734
0.716
0.554
0.963
SINGAPORE $
1.005
0.654
0.734
0.715
0.554
0.962
0.974
0.754
1.311
1.361
1.362
1.333
4.0725
6.680
78.270
6.631
3.673
13,099
66.880
101.881
8.256
47.553
3.641
3.751
8.520
34.910
0.774
1.345
1.397
1.398
1.368
4.1795
6.855
80.327
6.806
3.769
13,443
68.637
104.558
8.473
48.803
3.737
3.849
8.744
35.827
7.962
1.738
1.806
1.806
1.767
5.4009
8.858
103.801
8.795
4.871
17,372
88.695
135.114
10.949
63.064
4.829
4.974
11.299
46.297
10.288
1.039
1.039
1.017
3.1071
5.096
59.716
5.059
2.802
9,994
51.026
77.730
6.299
36.281
2.778
2.862
6.500
26.634
5.919
1.000
0.979
2.9912
4.906
57.488
4.871
2.697
9,621
49.122
74.831
6.064
34.927
2.674
2.755
6.258
25.641
5.698
0.979
2.9903
4.905
57.471
4.869
2.697
9,618
49.107
74.808
6.062
34.917
2.673
2.754
6.256
25.633
5.696
1.000
AUSTRALIA $
1.027
0.669
0.750
0.731
0.566
0.984
1.022
1.022
3.0560
5.012
58.734
4.976
2.756
9,830
50.186
76.452
6.195
35.684
2.732
2.814
6.393
26.196
5.822
MALAYSIA RM
0.336
0.219
0.246
0.239
0.185
0.322
0.334
0.334
0.327
1.0000
1.640
19.219
1.628
0.902
3,216
16.422
25.017
2.027
11.677
0.894
0.921
2.092
8.572
1.905
20.497
13.338
14.971
14.588
11.289
19.622
20.383
20.389
19.951
60.9690
1,172
99.279
54.982
1,525
123.594
711.914
54.509
56.150
127.550
522.635
116.142
1.749
1.138
1.278
1.245
0.963
1.675
1.739
1.740
1.703
5.2031
8.534
8.472
4.692
16,736
85.447
130.166
10.548
60.755
4.652
4.792
10.885
44.602
9.912
100 DANISH KRONER
20.645
13.435
15.080
14.694
11.371
19.765
20.531
20.537
20.096
61.4120
100.73
55.382
197,530
1,008.52
1,536
124.49
717.09
54.91
56.56
128.48
526.43
116.99
100 UAE DIRHAM
37.279
24.259
27.229
26.532
20.532
35.689
37.072
37.083
36.286 110.8887
181.88
2,131
180.57
1,821
2,774
224.79
1,295
99.14
102.12
231.98
950.55
211.24
1000 INA RUPIAH
0.105
0.068
0.076
0.074
0.058
0.100
0.104
0.104
0.102
0.3109
0.510
5.975
0.506
0.280
5.106
7.778
0.630
3.630
0.278
0.286
0.650
2.665
0.592
100 INDIA RUPEE
2.047
1.332
1.495
1.457
1.127
1.960
2.036
2.036
1.993
6.0893
9.988
117.031
9.915
5.491
152.335
12.344
71.103
5.444
5.608
12.739
52.198
11.600
100 CHINESE RMB

100 BANGLADH TAKA
100 JAPAN YEN

100 NORWEGIAN KRONER
100 PHILIPPINE PESO
1,180
196,105 1,001.248
356,670
19,586
1.344
0.874
0.982
0.956
0.740
1.287
1.336
1.337
1.308
3.9973
6.556
76.825
6.509
3.605
12,857
65.645
16.584
10.792
12.113
11.803
9.134
15.877
16.492
16.497
16.142
49.3300
80.910
948
80.326
44.486
158,668
810.110
1,234
8.103
2.802
46.675
3.574
3.681
8.363
34.265
7.615
576.009
44.103
45.431
103.201
422.864
93.971
2.879
1.874
2.103
2.049
1.586
2.756
2.863
2.864
8.5641
14.047
164.595
13.945
7.723
27,546
140.642
214.247
17.361
37.602
24.470
27.465
26.762
20.710
35.999
37.393
37.405
36.600 111.8511
183.456
2,150
182.132
100.868
359,766
1,837
2,798
226.741
100 SAUDI RIYAL
36.503
23.755
26.662
25.980
20.105
34.947
36.301
36.312
35.531 108.5826
178.095
2,087
176.810
97.920
349,252
1,783
2,716
220.115
1,268
97.078
100 SWEDISH KRONOR
16.069
10.457
11.737
11.437
8.850
15.384
15.980
15.985
15.641
47.8000
78.400
918.678
77.835
43.106
153,747
784.983
1,196
96.898
558.144
42.735
44.022
3.922
2.552
2.865
2.791
2.160
3.755
3.900
3.901
3.817
11.6657
19.134
224.205
18.996
10.520
37,522
191.577
291.839
23.648
136.216
10.430
10.744
24.405
17.648
11.484
12.890
12.560
9.720
16.895
17.550
17.555
17.178
52.4950
86.101 1,008.912
85.480
47.340
168,849
862.086
1,313
106.416
612.966
46.933
48.346
109.822
100 QATAR RIYAL
100 THAI BAHT

100 HK$
7.657
1,306
7.887
17.917
73.413
16.314
103.010
233.998
958.803
213.070
930.785
206.844
409.748
91.056
227.160
22.222
449.994
Note: Run your nger down the left-hand side until you reach the country of origin you plan to exchange. Then move your nger until that line intersects with the vertical column of the currency you wish to buy. The gure is how much you will get. The above rates are subject to change and provided by Thompson Reuters.
Markets 3 1
FUTURES . MONEY MARKET . COMMODITIES
Money market
Index futures
Index points
US Dollar
Long Rolls - KLCI futures
FKLI
Open Interest
USD Index
Index points
1,682.00 90000
18.00
1790
68000
4.75
94.25
1600
46000
-8.50
86.50
1410
24000
-21.75
78.75
1220
2000
-35.00
1980
Klibor
-2.50
(-4.50)
102.00
(+0.50)
Implied interest rate (%)

95.321
4.5
(-0.015)
3.40
(Unch)
3.5
Jan 4, 2010
2.5
71.00
Jan 4, 2010
Sep 9, 2016
FBM KLCI futures lower

with weaker cash market
Sep 9, 2016
FBM KLCI futures

INDEX AND FUTURES
CONTRACT
LAST
CHANGE
VOLUME
OPEN CHANGE IN
INTEREST OPEN INTEREST
The FBM KLCI futures contracts on Bursa FBMKLCI 1,686.44 -4.94 102.8M
1,682.00
-4.50
4,494
34
-688
Malaysia Derivatives closed lower last Friday SEP 16
1,678.50
-5.50
191
57
31
in tandem with the weaker performance on OCT 16
DEC 16
1,673.00
-4.00
24
-2
2
the cash market.
MAR 17
1,662.50
-3.50
3
-1
September 2016 fell 4.5 points to 1,682; TOTAL

4,712
88
-655
October 2016 dropped 5.5 points to 1,678.5;
BID
OFFER
CLOSE
December 2016 slipped four points to 1,673; FUTURES ROLL OVER
-2.5
-3.0
-2.5
and March 2017 reduced 3.5 points to 1,662.5. SEP/OCT
Turnover rose to 4,712 lots from 4,611 lots FUTURES FAIR VALUE
DAYS TO EXPIRY
KLIBOR DIVIDEND FAIR VALUE
last Thursday, while open interest increased CONTRACT
16
22
3.05
0.69
2.36
to 42,424 contracts from 41,678 contracts SEP
OCT 16
53
7.54
10.93
-3.39
previously.
ROLLS FAIR
-5.74
The underlying benchmark FBM KLCI
finished 4.94 points lower at 1,686.44.
Thailand and Vietnam shares dived in
line with broader Asian markets yesterday,
as investors were put off by rising bond yields
Meanwhile, markets in Singapore,
and talks of a rate hike by the US Federal Malaysia, Indonesia and the Philippines
Reserve as early as this week.
were closed for a public holiday. Agencies
Commodities
Sep 12, 2016
Stocks sell-off bolsters yen,

US dollar supported by Fed
The safe-haven yen strengthened yesterday
as investors sold stocks and riskier assets
including commodities, but the US dollar
outperformed higher-yielding currencies
on fresh talk of an interest rate hike by the
US Federal Reserve (Fed) in the near term.
The focus will be on Fed governor Lael
Brainards speech later in the day. The timing
of a speech by the Feds most-noted dove,
just before the Feds Open Market Committee
blackout period, is too much of a coincidence
for many in the markets with some expecting
her to send a signal that further tightening
is coming perhaps as early as this month.
The US dollar was 0.6% weaker at 102.10.
But it gained against the euro and rose 0.5%
against the higher-yielding Australian dollar
and was firmer across the board against riskier
emerging market currencies. Reuters
1.5
Oct 1, 2000
CPO vs Soyoil
Open Interest
4200
200000
CPO RM/tonne
Soyoil US$/Ibs
Klibor
MONTH
6400
Gold
US$/bbl
US$/troy oz
0.7300
155.00
45.03
152500
5075
(RM2,990/tonne) 0.5475
121.25
2700
105000
3750
0.3650
87.50
1340
57500
2425
0.1825
53.75
1020
Jan 6, 2008
CHANGE
96.60
96.60
96.60
96.60
96.60
96.55
96.51
96.46
96.46
96.46
96.46
96.46
96.46
96.46
96.46
96.46
96.46
96.46
96.46
96.46
96.46
96.46
VOLUME
OPEN
INTEREST
1980
3450
1200
SETTLEMENT
PRICE
SEP6
OCT6
NOV6
DEC6
MAR7
JUN7
SEP7
DEC7
MAR8
JUN8
SEP8
DEC8
MAR9
JUN9
SEP9
DEC9
MAR0
JUN0
SEP0
DEC0
MAR1
JUN1
TOTAL
Crude Oil
0.3334
1950
Sep 9, 2016
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 RM/tonne
Oct 2, 2006
2,639
(+30)
(-0.85)
Sep 9, 2016
Palm oil rises on firmer soy,

weaker ringgit
1100
(+30)
Jan 6, 2008
Sep 9, 2016
0.0000
CPO futures
CONTRACT
SEP-16
OCT-16
NOV-16
DEC-16
JAN-17
LAST
2,890
2,719
2,639
2,589
2,580
CHANGE
20
23
30
28
27
VOLUME
161
1,573
15,940
7,219
4,311
OPEN CHANGE IN
INTEREST OPEN INTEREST
2,414
16,755
69,230
40,445
35,867
1,324.60
(-6.10)
2,639
10000
1660
-102
-864
-2,248
209
-366
Malaysian palm oil futures, recording a

second week of gains, rose last Friday on
firmer rival oilseed soy and on a weaker
CPO/SOYOIL
ringgit, while bullish forecasts ahead of the CPO FUTURES
FUTURES BASIS (USD)
release of government data this week also INDICATIVE ROLL-OVER CURRENT
-78.10
SEP/OCT
171
supported the market.
3 MONTHS AVERAGE
-92.88
SEP/NOV
251
A Reuters poll saw end-stocks in Malaysia, SEP/DEC
6 MONTHS AVERAGE
-79.84
301
the worlds second-largest palm oil producer, OCT/NOV
80
declining 9.6% to 1.6 million tonnes versus a SGS & ITS EXPORT ESTIMATES (TONNES)
JUN16
JUL16
AUG16
9.7% gain in production to 1.74 million tonnes. SHIPMENT DAYS
362/368
394/388
466/456
Official data from the Malaysian Palm 1 - 10TH DAYS
1- 15TH DAYS
555/566
571/561
751/733
Oil Board is scheduled for release today.
DAYS
711/717
820/818 1,045/1,027
Benchmark palm oil futures for November 11 -- 20TH
25TH DAYS
881/873
1,014/1,005 1,316/1,317
on Bursa Malaysia Derivatives rose 1.2% to FULL MONTH
1,111/1,130
1,283/1,273 1,621/1,621
RM2,639 per tonne at the close of trade.
MALAYSIAN PALM OIL BOARD
APR16
MAY16
JUN16
JUL16
Palm oil is up 1.7% for the week after
1,301
1,364
1,533
1,586
reaching a near three-week high of RM2,662 PRODUCTION
EXPORT
1,165
1,282
1,132
1,384
ringgit yesterday.
STOCKS
1,800
1,645
1,776
1,771
The firmness in soy and Dalian palm
MPOB Palm oil physical
olein, and the weaker ringgit, is lifting the
(IN RM/TON)
SEP2016
OCT2016
NOV2016
market up, said a trader.
DELD
2,885
2,870
2,810
A weaker ringgit, the currency of trade CPO
PK EX-MILL
2,925
2,915
2,890
for palm oil, makes the tropical oil cheaper CPKO DELD
6,127
6,053
6,069
for holders of foreign currencies.
RBD P.OIL FOB
2,958
2,876
2,724
The ringgit fell 0.7% against the US dollar RBD P.OLEIN FOB
2,990
2,892
2,739
2,846
2,836
2,710
last Friday evening to reach 4.0675. Palm RBD P.STEARIN FOB
prices are also impacted by soyoil and related MPOB FFB REF PRICE (MILL GATE PRICE)
GRADE A
GRADE B
GRADE C
products, as they compete for a share in the REGION
OER (RM/TON)
OER(RM/TON)
OER (RM/TON)
global vegetable oils market.
NORTH
20.00% 664
19.00% 636
18.00% 608
The January soybean oil contract on the SOUTH
20.00% 668
19.00% 640
18.00% 612
20.00% 670
19.00% 641
18.00% 613
Dalian Commodity Exchange rose 1%, while CENTRAL
the January contract for palm olein gained EAST COAST 20.00% 665 19.00% 637 18.00% 609
SABAH
22.00% 645
21.00% 620
20.00% 594
1.2%. Reuters
SARAWAK
22.00% 655
21.00% 629
20.00% 602
20.00
Apr 10, 2007
700
Sep 12, 2016
Oil on course for largest

two-day fall since June
Oil was on course for its largest two-day fall
since late June yesterday, after speculators
delivered hefty cuts to their bullish bets
previous week and US crude drillers added
more rigs for a 10th week running.
Brent crude futures had fallen 82 US cents
on the day to US$47.19 a barrel, bringing
the percentage loss for the last two sessions
to 6.1%, the biggest such decline since the
previous week in June. US crude futures fell
85 US cents to US$45.03 a barrel.
Traders said the price falls yesterday
and last Friday were a result of increasing
oil drilling activity in US, which indicated
producers can operate profitably around
current levels.
Oils near six-percent price decline since
Sept 8 partly reverses a 10% rally seen early
in the month to around US$50 per barrel.
Reuters
Centrifuged Latex
Aug 31, 2008
Commodities
AGRICULTURE
CRUDE PALM OIL
RUBBER
CORN
SOYBEANS
WHEAT
LIVE CATTLE
COCOA
COFFEE
SUGAR
COTTON
EXCHANGE
MDEX
MRB
CBOT
CBOT
CBOT
CME
NYBOT
NYBOT
NYBOT
NYC
LAST PRICE CHANGE
2,639
530.50
329.25
991.75
376.00
105.40
2,746
149.05
20.78
68.81
30
0.50
-0.75
-5.50
-1.00
3.00
-16
-2.10
0.09
-0.49
METAL & PRECIOUS METALS

TIN
COPPER
GOLD
PLATINUM
PALLADIUM
SILVER
ALUMINIUM
ZINC
US$/TON
USC/IBS
US$/TROY OZ
US$/TROY OZ
US$/TROY OZ
USC/TROY OZ
RMB/TON
RMB/TON
KLTM
CMX
CMX
NYMEX
NYMEX
CMX
SHF
SHF
19,600 UNCH
2.0780 -0.0140
1,324.60
-6.10
1,051.30 -16.20
666.00 -13.45
18.80
-0.50
11,960
-75
17,720
-375
LIGHT CRUDE OIL

US$/BBL
HEATING OIL
USC/GAL
NATURAL GAS
US$/MMBTU
BRENT CRUDE
US$/BBL
GAS OIL
US$/TON
NYMEX
NYMEX
NYMEX
ICE
ICE
45.03
-0.85
1.4324 -0.0183
2.962
0.072
47.19
-0.82
405.00 -14.25
ENERGY
Sen/Kg
1100
1700
900
1325
456.00
950
(+3.00)
500
530.50
(+0.50)
575
300
Jan 7, 2007
UNIT
RM/TON
SEN/KG
USC/BSH
USC/BSH
USC/BSH
USC/IBS
US$/TON
USC/IBS
USC/IBS
USC/IBS
Rubber - Msia SMR 20
Sen/Kg
700
Sep 12, 2016
200
Sep 9, 2016
Jan 7, 2007
Sep 9, 2016
Markets
32
F U T U R E S . M O N E Y M A R K E T . C O M M O D I T I E S PA G E 3 1
YOUR DAILY FINANCIAL MARKET S ROUNDUP
I N S I D E R M OV E S . T R A D I N G T H E M E S . E V E N T S . FO R E X PA G E 3 0
G L O BA L M A R K E T S PA G E 2 9
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
RESEARCH: TAI TS [tai@bizedge.com; SUGUMARAN [sagu@bizedge.com]
KLCI 1,686.44
4.94 FBM ACE 5,284.18
24.90 FTSTI 2,873.33
21.15 NIKKEI 16,672.92
292.84 HANG SENG 23,290.60
STOCK
1692.0
1690.6
1689.2
1687.8
1686.4
1685.0
1683.6
1682.2
1680.8
1679.4
1678.0
1,686.44
(-4.94)
KL Composite Index
1,682.00
KLCI futures
8:45 9:30
10:30
11:30
12:45
14:30
(-4.50)
15:30
16:30 17:15
Daily FBM KLCI

Moving average - 20-day
KL Composite Index
1950.0
Daily top 20 active stocks
UNUSUAL MARKET ACTIVITIES
Index point
DNEX-WD
XDL
CONNECT-PA
DNONCE
UMWOG-C5
STERPRO
AMEDIA
UMWOG-C4
GAMUDA-WE
UMWOG-C3
SUNCON
DRBHCOMC21
UMWOG
UMWOG-C2
CNOUHUA
JAYCORP
VOLUME
('000)
CHANGE
(%)
CHANGE
(RM)
CLOSE
(RM)
HIGH
(RM)
LOW
(RM)
57,405
33,281
29,832
27,016
19,096
19,011
15,456
12,793
7,779
6,927
6,306
5,388
5,049
4,878
4,346
4,243
5.88
16.67
0.00
0.00
100.00
0.00
0.00
0.00
5.47
100.00
-1.83
1.67
1.10
200.00
0.00
8.13
0.005
0.005
0.000
0.000
0.010
0.000
0.000
0.000
0.070
0.010
-0.030
0.005
0.010
0.010
0.000
0.100
0.090
0.035
0.025
0.285
0.020
0.035
0.190
0.030
1.350
0.020
1.610
0.305
0.920
0.015
0.035
1.330
0.090
0.035
0.030
0.285
0.020
0.040
0.200
0.035
1.370
0.025
1.650
0.315
0.935
0.015
0.035
1.330
0.080
0.030
0.020
0.280
0.015
0.030
0.185
0.030
1.270
0.015
1.610
0.295
0.905
0.010
0.030
1.240
Table above is from Reuters Volume break 3x 5-day average volume, meaning the total number of shares
traded for a particular counter on the previous trading day is more than triple the average volume for the
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.
1,686.44
(-4.94)
1667.5
1385.0
Jan 2, 2008
Sep 9, 2016
900
600
300
Volume (mil)
FBM KLCI futures

CONTRACT
SEP 16
OCT 16
DEC 16
SETTLEMENT
1,682.00
1,678.50
1,673.00
CHANGE
-4.50
-5.50
-4.00
HIGH
LOW
1,685.50
1,680.50
1,673.00
1,679.00
1,677.00
1,670.00
FBM KLCI sensitivity*

HONG LEONG FINANCE
AXIATA GROUP
IOI CORPORATION
YTL CORPORATION
HAP SENG CONSOLIDATED
MAXIS
PETRONAS CHEMICAL
BRITISH AMERICAN TOBACCO
K.LUMPUR KEPONG
IHH HEALTHCARE
HONG LEONG BANK
CIMB GROUP
RHB BANK
PUBLIC BANK
TENAGA NASIONAL BERHAD
GENTING
SUB-TOTAL
OTHERS
GRAND TOTAL
KLCI
POINTS
0.11
0.44
0.21
0.18
-0.12
-0.12
-0.13
-0.16
-0.25
-0.27
-0.29
-0.29
-0.46
-0.51
-1.12
-1.18
-3.96
-0.98
-4.94
CHANGE
(RM)
0.060
0.030
0.020
0.010
-0.030
-0.010
-0.010
-0.340
-0.140
-0.020
-0.080
-0.020
-0.070
-0.080
-0.120
-0.190
CLOSE
(RM)
15.700
5.650
4.500
1.730
7.730
6.250
6.680
50.580
23.760
6.630
13.080
4.900
4.980
19.800
14.440
7.940
VOLUME
('000)
66.1
4372.3
4247.2
7779.4
674.4
2738.7
1463.6
147.6
2290.7
3385.9
192.1
9916.1
498.4
2827.0
7211.2
2105.5
* How stock price changes affected the index on the previous trading day
TURNOVER
(000)
CHANGE
(RM)
CHANGE
(%)
PRICE
(RM)
PE
RATIO
DIVIDEND
YIELD (%)
57,405.2
33,280.7
30,260.2
29,831.7
27,015.9
21,994.4
21,966.0
21,078.9
20,035.5
19,442.9
19,096.1
19,010.7
17,638.3
16,144.6
15,455.6
14,342.5
14,254.2
13,600.0
12,793.4
12,482.2
0.005
0.005
0.010
UNCH
UNCH
0.010
-0.005
0.010
0.005
-0.010
0.010
UNCH
0.040
-0.020
UNCH
0.010
0.005
0.075
UNCH
UNCH
5.88
16.67
3.64
UNCH
UNCH
5.71
-2.27
6.67
0.52
-8.33
100.00
UNCH
5.00
-18.18
UNCH
2.74
1.20
10.56
UNCH
UNCH
0.090
0.035
0.285
0.025
0.285
0.185
0.215
0.160
0.970
0.110
0.020
0.035
0.840
0.090
0.190
0.375
0.420
0.785
0.030
0.030
25.00
2.18
11.28
16.19
21.16
33.20
8.30
0.00
0.00
3.49
0.00
0.00
0.00
0.00
0.00
4.15
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Top gainers and losers (ranked by RM)
HSI-C44
PANAMY
GENP
SLP
HSI-C30
IQGROUP
AEONCR
JAYCORP
PMETAL
SJC
HSI-C36
MYCRON
1102.5
820.0
DNEX-WD
XDL
DNEX
CONNECT-PA
DNONCE
THHEAVY
VIVOCOM
YKGI-WB
CENTURY
VIVOCOM-WB
UMWOG-C5
STERPRO
DESTINI
HSI-H45
AMEDIA
DRBHCOMC19
KNM
MYCRON
UMWOG-C4
M3TECH-WA
UP
FBM KLCI declines in thin

trading on poor sentiment
1,685.41
394.46
Market movers
Every ower is a soul blossoming in nature.

Gerard De Nerval
FBM KLCI & KLCI futures intraday
DOW JONES 18,085.45
809.10
CLOSE
CHANGE
(RM)
2.580
36.680
10.860
2.500
1.000
2.260
15.000
1.330
4.130
0.800
0.895
0.785
0.510
0.480
0.140
0.120
0.100
0.100
0.100
0.100
0.090
0.090
0.080
0.075
0.020
0.020
0.015
0.020
0.045
0.045
0.025
2.580
0.080
0.170
100.00
100.00
50.00
33.33
28.57
28.57
25.00
24.64
23.08
21.43
DOWN
BAT
GENTING
MPI
HLIND
HEIM
KLK
CARLSBG
TENAGA
SAM
SPSETIA
TECNIC
SCIENTX
CLOSE
CHANGE
(RM)
50.580
7.940
8.000
9.050
17.400
23.760
14.800
14.440
6.960
3.320
1.070
6.240
-0.340
-0.190
-0.180
-0.170
-0.160
-0.140
-0.140
-0.120
-0.120
-0.110
-0.100
-0.090
0.005
0.075
0.005
0.030
0.010
0.010
0.010
0.010
0.015
0.045
-50.00
-50.00
-50.00
-40.00
-33.33
-33.33
-33.33
-33.33
-25.00
-25.00
KUALA LUMPUR: The FBM KLCI was dragged down by

component stocks like Tenaga Nasional Bhd (TNB) last
Friday, while the broader market sentiment was weighed
down by the overnight decline on Wall Street, after the
European Central Bank decided to keep its policy unchanged.
The FBM KLCI settled at 1,686.44 points, down 4.94 points
or 0.29% over last Thursdays close.
Trading volume was thin at 1.34 billion shares, worth
some RM1.36 billion. There were 324 counters that rose Top gainers and losers (ranked by percentage)
against 401 that fell, while 429 stocks remained unchanged.
UP
CHANGE
DOWN
CHANGE
Gainers were led by Panasonic Manufacturing Malaysia
CLOSE
(%)
CLOSE
(%)
Bhd, while the biggest loser was British American Tobacco
UMWOG-C2
0.015
200.00
TOPGLOV-CZ
0.005
-66.67
(M) Bhd.
0.020 100.00
XINGHE-WA
0.005 -50.00
Dagang NeXchange Bhds warrant was the most active JTIASA-CF
UMWOG-C3
0.020 100.00
STERPRO-WA
0.005 -50.00
counter, with 57.41 million units traded.
UMWOG-C5
0.020 100.00
HSI-H49
0.075 -50.00
Malacca Securities Sdn Bhd technical analyst Loui SUPERMX-C13
0.015
50.00
SUPERMX-C15
0.005 -50.00
Low Ley Yee said the FBM KLCIs movement was mainly SKPETROC22
0.020
33.33
FBMKLCI-C58
0.030 -40.00
FBMKLCI-H75
0.045
28.57
FBMKLCI-C56
0.010 -33.33
influenced by the drop in TNB.
0.045
28.57
XDL-WC
0.010 -33.33
This came after the news that Khazanah [Nasional DSONIC-CG
0.025
25.00
SKPETROC17
0.010 -33.33
Bhd] wants to divest some of its stake in TNB, he told MAXWELL
PRESBHD-CC
0.025
25.00
TOPGLOV-C1
0.010 -33.33
theedgemarkets.com.
HSI-C44
2.580
24.64
ARMADA-C9
0.015 -25.00
The broader market is negative today as well; people MMCCORP-C1
0.080
23.08
FSBM-WA
0.045 -25.00
did not seem to be interested to trade (last Friday). Market
volume is lower than the three-month average of 1.74 billion Top gainers and losers - warrants (ranked by percentage)
shares. There are also people that dont want to hold up too
UP
CHANGE
DOWN
CHANGE
much stocks over the long weekend, so there was some profit
CLOSE
(%)
CLOSE
(%)
taking throughout the day as well, he added. by Chester Tay UMWOG-C2
0.015 200.00
TOPGLOV-CZ
0.005 -66.67
JTIASA-CF
0.020 100.00
XINGHE-WA
0.005 -50.00
World equity indices
DOW JONES
S&P 500
NASDAQ 100
FTSE 100
AUSTRALIA
CHINA
HONG KONG
INDIA
I want an edge!
CLOSE
CHANGE
18,085.45
2,127.81
4,681.54
6,776.95
5,219.608
3,021.98
23,290.60
28,353.54
-394.46
-53.49
-122.46
-81.76
-119.57
-56.88
-809.10
-443.71
INDONESIA
JAPAN
KOREA
PHILIPPINES
SINGAPORE
TAIWAN
THAILAND
VIETNAM
CLOSE
CHANGE
5,281.92
16,672.92
1,991.48
7,581.79
2,873.33
8,947.06
1,411.85
659.76
-89.16
-292.84
-46.39
-85.28
-21.15
-106.63
-33.43
-7.12
Email: hotline@bizedge.com
Fax: (03) 7721 8282
UMWOG-C3
UMWOG-C5
SUPERMX-C13
SKPETROC22
FBMKLCI-H75
DSONIC-CG
PRESBHD-CC
HSI-C44
MMCCORP-C1
TSRCAP-WB
STERPRO-WA
HSI-H49
SUPERMX-C15
FBMKLCI-C58
FBMKLCI-C56
XDL-WC
SKPETROC17
TOPGLOV-C1
ARMADA-C9
FSBM-WA
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FBM KLCI 1686.

KLCI FUTURES 1682.00

TUESDAY SEPTEMBER 13, 2016 ISSUE 2247/2016

China, Asean and robotics

Poh Huat upbeat

Pickup in economic activities seen in 2H16

FBM KLCI 1686.44

KLCI FUTURES 1682.00

TUESDAY SEPTEMBER 13, 2016 ISSUE 2247/2016

China, Asean and robotics

Poh Huat upbeat

amid KL118 setback

Pickup in economic activities seen in 2H16

T U ESDAY SEP TEM B ER 1 3 , 2 0 16 TH EEDGE FI N AN C I AL DAI LY

For breaking news updates go to

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Level 3, Menara KLK, No 1 Jalan PJU 7/6,

Publisher and Group CEO Ho Kay Tat

NEW YORK: Is the term peak oil

much oil recently outstripped

web browsers they are a useful indicator of the ideas currently

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HONG KONG: Samsungs exploding smartphones are singeing its

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for serious spillover into sales of

SINGAPORE: The Monetary

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TUES DAY S E PT E MB E R 1 3 , 20 16 T HEED G E FINA NCIA L DA ILY

PNB faces potential delay

vehicle through which it owns the

the largest raft concrete pours in

filings how much the additional

Last November, Hamad Kama Piah was

Pickup in economic activities seen in 2H16

Malaysias Industrial Production Index

output. This alongside narrower agriculture contraction as crude palm

KUALA LUMPUR: The recent slew

(GDP) growth for Malaysia in the

to the Hari Raya festivities).

momentum from tighter fiscal policy to become more visible, the

T U ESDAY SEP TEM B ER 1 3 , 2 0 16 TH EEDGE FI N AN C I AL DAI LY

KUALA LUMPUR: Analysts expect

unsold units in the market.

cial Daily that while the move could

house. However, developers have

of a blanket policy covering all of a

Selangors new policy a challenge to private developers

KUALA LUMPUR: Property developers have hit back at the Selangor

tained it (the affordable unit entitlement income bracket) at RM8,000.

office/virtual office (Sovo) projects

schemes are for first-time homebuyers only.

TUES DAY S E PT E MB E R 1 3 , 20 16 T HEED G E FINA NCIA L DA ILY

Banking sectors loan growth

GEORGE TOWN: While the overnight

Based on the trending momentum, we forecast loan growth in the

We are already seeing