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FBM KLCI 1661.

39

15.79

KLCI FUTURES 1653.50

16.50

STI 2809.35

9.03

RM/USD 4.1210

CPO RM2561.00

31.00

OIL US$47.22

0.12

GOLD US$1321.50

1.90

PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.60 (INCLUSIVE OF 6% GST)

THURSDAY SEPTEMBER 15, 2016 ISSUE 2249/2016

FINANCIAL
DAILY
MAKE
BETTER
DECISIONS

www.theedgemarkets.com

Hamad to retire as PNB president and


CEO, to be replaced by former Ekuinas
chief Abdul Rahman 5 H O M E B U S I N E S S

4 HOME BUSINESS

Bloomberg TV
Malaysia off-air
after one year and
RM40m investment
5 HOME BUSINESS

Ringgit weakness to
persist in near term
US$ vs ringgit
4.6

OVER HALF OF
MSIAN DEVELOPERS

NOT LAUNCHING
PROJECTS IN 2H16

m
o
c
.
y
t
r
e
p
o
r
P
e
g
d
E
e
Th
4.3

4.1242
4.12
4.1
4
12
242
42
2

4.0
3.7

Sept 15, 2015

Rehda
R
ehda survey,
survey
however,
h
owever, shows
increased
in
ncreased
d optimism
optiimiism
about
a
bout industrys
ind
dustrys
y
outlook
o
utlook fo
for
or 1H17.
Kamarul
K
amarul Anwar
Anwar has
has
as
the
th
he storyy on Page 4
4..

E
R
O
M N
TpHroA
perty
a

Sept 14, 2016

6 HOME BUSINESS

Steel counters
among top gainers
following Megasteels
plant closure
17 F O C U S

N A LY
A
.
A
T
S . DA
G
N
I
T
S . LIS
E
H
C
N
W LAU
E
N
.
NEWS

TICS

US$150,000
platinum watch is a
big step for Vacheron
Constantin

Ministry asked to prepare guidelines for


developer lending scheme
4 HOME BUSINESS

portal

FBM KLCI 1661.39

15.79

KLCI FUTURES 1653.50

16.50

STI 2809.35

9.03

RM/USD 4.1210

CPO RM2561.00

31.00

OIL US$47.22

0.12

GOLD US$1321.50

1.90

PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.60 (INCLUSIVE OF 6% GST)

THURSDAY SEPTEMBER 15, 2016 ISSUE 2249/2016

FINANCIAL
DAILY
MAKE
BETTER
DECISIONS

www.theedgemarkets.com

Hamad to retire as PNB president and


CEO, to be replaced by former Ekuinas
chief Abdul Rahman 5 H O M E B U S I N E S S

4 HOME BUSINESS

Bloomberg TV
Malaysia off-air
after one year and
RM40m investment
5 HOME BUSINESS

Ringgit weakness to
persist in near term
US$ vs ringgit
4.6
4.3

OVER HALF OF
MSIAN DEVELOPERS

NOT LAUNCHING
PROJECTS IN 2H16

Rehda survey,
however, shows
increased optimism
about industrys
outlook for 1H17.
Kamarul Anwar has
the story on Page 4.

4.1242

4.0
3.7

Sept 15, 2015

Sept 14, 2016

6 HOME BUSINESS

Steel counters
among top gainers
following Megasteels
plant closure
17 F O C U S

US$150,000
platinum watch is a
big step for Vacheron
Constantin

Ministry asked to prepare guidelines for


developer lending scheme
4 HOME BUSINESS

T HUR SDAY SEP TEM B ER 1 5 , 2 0 16 TH E EDGE F I N AN C I AL DAI LY

For breaking news updates go to


www.theedgemarkets.com

ON EDGE T V
www.theedgemarkets.com

Bayer buys Monsanto


Clinches deal with improved US$66b bid

Corruption
ght: False
dawn or right
direction?

The Edge Communications Sdn Bhd


(266980-X)

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


Mutiara Damansara, 47810 Petaling Jaya,
Selangor, Malaysia

BY GR EG ROUM ELIOTI S
& LUDW IG BURGER

NEW YORK/FRANKFURT: German


drug and crop chemical company
Bayer has won over US seed firm
Monsanto with an improved takeover offer of around US$66 billion
(RM272.58 billion), ending months
of wrangling after increasing its bid
for a third time.
The US$128 a share deal, up from
Bayers previous offer of US$127.50 a
share, is the biggest of the year so far
and the largest cash bid on record.
The deal will create a company
commanding more than a quarter
of the combined world market for
seeds and pesticides in the fast-consolidating farm supply industry.
However, competition authori-

ties are likely to scrutinise the tie-up


closely, and some of Bayers own
shareholders have been highly critical of a takeover plan which they say
risks overpaying and neglecting the
companys pharmaceutical business.
The transaction includes a break
fee of US$2 billion that Bayer will
pay to Monsanto should it fail to get
regulatory clearance. Bayer expects
the deal to close by the end of 2017.
The details confirm what a source
close to the matter told Reuters earlier.
Bernstein Research analysts said
on Tuesday they saw only a 50%
chance of the deal winning regulatory clearance, although they cited
a survey among investors that put
the likelihood at 70% on average.
We believe political pushback
to this deal, ranging from farmer

dissatisfaction with all their suppliers consolidating in the face of low


farm net incomes to dissatisfaction
with Monsanto leaving the United
States, could provide significant
delays and complications, they
wrote in a research note.
Bayer said it was offering a 44%
premium to Monsantos share price
on May 9, the day before it made
its first written proposal.
It plans to raise US$19 billion to
help fund the deal by issuing convertible bonds and new shares to its
existing shareholders, and said banks
had also committed to providing
US$57 billion of bridge financing.
At 1140 GMT, Bayer shares were
up 2.2% at 95.32 (RM441.86). Monsanto was up 0.2% at US$106.30 in
pre-market trade. Reuters

EDITORIAL

For News Tips/Press Releases


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Executive Editors Kathy Fong,
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Associate Editors R B Bhattacharjee,
Joyce Goh, Jose Barrock,
Vasantha Ganesan
Editors Cindy Yeap, Kang Siew Li
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Copy Editors Tham Yek Lee,
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Hong Kong regulator fines HSBC

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S I N G A P O R E : T h e V i e tnam-Singapore Industrial Park


(VSIP) is looking to expand
its gross land area by 22.5%
across two Vietnam provinces.
The Business Times said that
Vietnam Singapore Industrial Park JV Co, a joint-venture
between the two governments
that oversees the park, signed
memoranda of understanding
yesterday to explore two new
expansions in the provinces
of Binh Duong, near Ho Chi
Minh City, and Bac Ninh, near
Hanoi, a release said yesterday. These will potentially add
3,706 acres (1,500ha) to its
16,457-acre gross land area,
which now spans Binh Duong,
Bac Ninh, Hai Phong, Quang
Ngai, Hai Duong and Nghe An
provinces.

Samsung struggles with


critical Note7 recall

Worlds biggest rail IPO


since 1993 seeks 500b

EDITORIAL ADMINISTRATION

CORPORATE

VSIP may expand gross


land area by 22.5%

SEOUL: Samsung said yesterday it was doing its best to push


through a challenging recall of
its Galaxy Note7 smartphones,
as it offered a software fix to
jolt users into returning defective devices. The success of
the recall is seen as crucial to
Samsung retaining brand trust
and loyalty and preventing customers defecting to arch-rival
Apples new iPhone 7 or cheaper Chinese-made models. The
South Korean electronics giant moved quickly earlier this
month to suspend sales of its
latest large-screen smartphone
and announced a recall of 2.5
million units already sold, after
faulty batteries caused some
handsets to explode during
charging. AFP

Publisher and Group CEO Ho Kay Tat

Manager Katherine Tan


Senior Coordinator Maryani Hassan

IN BRIEF

BY SUM EET CHATTE RJ E E

HONG KONG: Hong Kongs securities regulator said yesterday it fined


and reprimanded HSBC for regulatory breaches and internal control
failings related to its position in the
futures and options contract market.
HSBC was fined HK$2.5 million
(RM1.33 million) for failing to put
in place adequate internal controls
to monitor its positions in Hong
Kong Futures Exchanges futures
and options contracts to ensure

compliance with the prescribed


limit, the regulator said.
The breaches happened from
May 26 to Aug 1 in 2014, said the
Securities and Futures Commission
(SFC) in an emailed statement.
The SFC probe found there was a
lack of adequate knowledge within
HSBC regarding the banks position limits and its state of compliance with the relevant regulatory
requirements, the statement said.
It, however, added HSBC had since
taken steps to improve its internal con-

trols on monitoring of position limits


and cooperated with the Hong Kong
regulator in resolving its concerns.
HSBC apologises for the breaches identified and reported to the SFC
in 2014, the bank said in a statement.
The Bank has cooperated fully
with the SFC throughout this investigation and has taken actions
to improve our internal controls regarding our compliance with the
prescribed position limits in Hong
Kong. No clients were impacted by
these breaches, it said. Reuters

TOKYO: Japans government


plans to privatise Kyushu Railway Co through a share sale that
may fetch about 500 billion
(RM20.08 billion), according to
people with direct knowledge
of the matter, in what would be
the rail industrys biggest initial
public offering (IPO) in more
than two decades. The Japan
Railway Construction, Transport and Technology Agency,
which fully owns the company, also known as JR Kyushu,
plans to sell its entire stake, the
people said, asking not to be
identified as the information
is private. The sale would likely
be the worlds second-largest
this year and the biggest rail
IPO since 1993. Bloomberg

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Deal or no deal, Opecs freeze talks are already succeeding

TheEdgeProperty.com
Managing Director/Editor-in-Chief
Au Foong Yee
Editor Lam Jian Wyn
Contributing Editor Sharon Kam
Assistant Editor James Chong
MARKETING & ADVERTISING

Account Director
Sharon Chew (012) 316 5628
BUSINESS DEVELOPMENT

Senior Manager Elizabeth Lay

BY GR ANT SM ITH

NEW YORK: Even as speculation


builds over whether Opec will
clinch an output deal with Russia
this month, their negotiations are
already paying off.
Hedge funds and other investors reversed their bets on falling
oil prices at the fastest pace in five

months after producers said they


would meet in Algiers, data from
the US Commodity Futures Trading Commission show.
While scepticism has grown
about whether the Opec countries,
whose representatives held a flurry
of meetings from Moscow to Paris
last week, can overcome internal
conflicts, speculative short posi-

tions in US crude are still at 41%


below their August peak.
Oil climbed as much as 16% in
the weeks after Opec announced
talks in the Algerian capital.
The best they can do is alert
short-sellers that, if they really are
pushed, they can take a few barrels
away, Jan Stuart, global energy economist at Credit Suisse Securities LLC

in New York, said by email. That


changes the risk-reward calculation
for investors, and the record short
position of just a few weeks ago is unwound and becomes more neutral.
Money managers slashed their
short positions in West Texas Intermediate crude by 124,819 contracts,
or 57%, in the three weeks to Aug
30. Bloomberg

4 HOME BUSINESS

T HUR SDAY SEP TEM B ER 1 5 , 2 0 16 TH E EDGE F I N AN C I AL DAI LY

Over half of developers not


launching projects in 2H16

Bloomberg TV
Malaysia o-air
after one year
and RM40m
investment
BY B IL LY TO H

But Rehda survey shows increased optimism about industrys outlook for 1H17
BY KAMARUL ANWAR

PETALING JAYA: About 55% of the


157 property developers surveyed
by the Real Estate and Housing Developers Association Malaysia (Rehda) are not planning to launch any
projects in the second half of this
year (2H16).
A high rate indeed, but nevertheless it compares favourably with the
1H16 rate of 68%. The percentage of
developers opting not to launch projects in 2H15, meanwhile, was 58%.
According to Rehda, the number
of units opens for sale in 2H16 will
be 14,611, double the 1H16 figure.
Rehda deputy president Datuk
Soam Heng Choon said homebuilders will always conduct market research first to gauge take-up
rates before launching any property
project.
The property [development]
business is one where cash flow is
very important; rather than chasing for headline numbers and sales
figures, you may end up with not
enough money later on to complete
the project, he told reporters after
a briefing on Rehdas property industry survey for 1H16 and market
outlook for 2H16,
In Malaysia, we do [a] sell-andbuild concept. Developers, rather
than risking the possibility of being
affected by cash flow, would rather
not launch the project if research
shows the take-up is not going to
be good, added Soam, who is also
IJM Corp Bhd chief executive officer
and managing director.
The findings showed that Reh-

Units launched (commercial and residential)


% of respondents with launches
15,000 units
12,000

11,826

14,611
10,448 10,985

9,000

9,364

10,829

10,189

9,938
7,172

6,569

6,000
3,000
0

46%

48%

1H
2H
2012

52%

45%

1H
2H
2013

39%

42%

48%

42%

32%

45%

1H

2H

1H

2H

1H

2H*
2016

2014

2015

*ongoing
Source: Rehda

da members optimism about the


real estate industrys outlook improved for 1H17, where the 38% rate
of homebuilders who felt pessimistic and very pessimistic was lower
than the 49% for 2H16. But 41% of
them still feel neutral about the
sector next year, virtually unchanged
from 2H16.
It remains to be seen whether this
positive feeling will translate into
reality. In 1H16, only 39.45% of the
7,172 units of residential and commercial properties launched were
sold. There is an asterisk appended
to this statistics: the 1,022 units of
low-cost houses or flats launched in
the period commenced sales only
in August.
If the low-cost houses or flats
segment was removed from the
equation, the sales performance
in 1H16 would increase to 46%. But
it was still lower than the 52.27% rate
achieved in 2H15, when 9,938 units
were launched.

The percentage of properties sold


in 1H15, meanwhile, was 40.36%,
with 10,829 units launched in the
period.
Rehda president Datuk Seri FD
Iskandar Mohamed Mansor said
the real estate business is cyclical,
if history serves as an indication.
Yet the problem that plagued the
current downturn end-financing
and high-loan rejection rates among
genuine homebuyers after Bank
Negara Malaysias implementation
of the cooling measures would
persist if something is not done to
resolve it (see accompanying story).
He said demand for properties
was still strong, with most successful
buyers (90%) using those homes for
their own dwelling, or that of family
members.
"The problem lies in the interested buyers not being able to get
the desired margin of financing,"
he said.
Homebuilders also switched to

lower-value properties as demand


for houses worth RM1 million or
above waned.
Launches of properties priced
below RM200,000 almost doubled
from 2H15. And only 7% of the properties launched in 1H16 were sold
above RM1 million.
Home prices in Melaka saw an
increase in 1H16, where the price
range of launched units notched
up to the RM500,001 to RM1 million bracket, from RM200,001 to
RM500,000 in 2H15.
Greater Kuala Lumpur, which is
one of the major areas of demand
for homes, would need an average
of 200,000 new homes from this year
through 2020 to meet the projected
growth of another three million in
population to 10 million, said FD
Iskandar.
But in 2015, residential property
launches in the whole of Malaysia
amounted to just 20,157 units. If
there is no help for the end-buyers or
end-financing, the numbers might
go down further, he said.
Most of the houses launched in
Selangor and Kuala Lumpur over
the past 12 months were priced between RM500,001 and RM1 million,
according to Rehda's survey. It might
be unrealistic to expect lower prices,
as 30% of the respondents said the
increasing land prices posed a challenge to providing affordable homes.
Another 26% said there was an
increase in the overall cost of doing
business, which FD Iskandar said
comprised compliance costs such
as development charges, land premium charges and so on.

Ministry asked to prepare scheme guidelines


BY KAMARUL ANWAR

KUALA LUMPUR: The urban wellbeing, housing and local government ministry has been tasked by
the cabinet to formulate a set of
guidelines for property developers wishing to use moneylending
licences to provide bridging loans
to buyers facing constraints in
meeting the initial payment.
In a statement issued after he
briefed the cabinet on the developer lending scheme yesterday, its
minister Tan Sri Noh Omar said
the ministry was instructed by the
cabinet to review and improve
the scheme, given that it already
exists under the Moneylenders
Act 1951.
A study will be undertaken to
determine the following: the policys effectiveness to improve the
rakyats ability to afford a home
purchase, interest rate and payback period that must not bur-

den consumers, and to formulate


clear and easily understandable
guidelines for property developers
with moneylending licences and
the borrowers.
At the same time, my ministry
will also take proactive measures
to assess in whole the effectiveness
of the financing facility under the
Moneylenders Act so that it will not
be misused by irresponsible licence
holders, said Noh.
Ministry officials met with the
Real Estate and Housing Developers Association Malaysia (Rehda)
on Tuesday, Rehda president Datuk
Seri FD Iskandar Mohamed Mansor revealed at an association event
yesterday.
FD Iskandar said they spoke,
among others, about the interest
rate. Although the Moneylenders Act
allows the licence holder to charge
an interest of up to 12% per annum
for secured lending, and 18% for
unsecured lending, he said it will

be counterproductive to impose the


maximum allowable interest rates.
Nobody wants to come to you
if you charge 12% to 18% interest
rates. We have cost of funds, so we
are looking at anything that is reasonable, 2% above our cost, said
FD Iskandar.
He said the main problem purchasers are facing is when they get
a margin of financing of 75% to 80%.
As property developers are not as
well-capitalised as financial institutions, he said homebuilders want
to assist buyers seeking homes that
are priced at RM500,000 and below
only. But they would not provide
100% facility.
Only some of us which have the
balance sheet can come in to bridge
the 10% to 15% [needed by prospective buyers], said FD Iskandar.
Yet, he said it would be unfair for
developers to lend to only first-time
homebuyers.
They already receive incentives

from the federal government. They


have MyHome and MyDeposit
schemes.
But what about second-time
homebuyers who genuinely want
to upgrade like when they have
children? Are we going to ignore
these buyers? That wont be fair.
Upgraders make up the largest
segment of homebuyers, he said.
LBS Bina Group Bhd managing director Tan Sri Lim Hock San
said Nohs idea may have been
misunderstood.
His intention is for [this to be
taken up by] those developers who
cannot sell houses due to the hire
purchase problems, he said.
In other words, the developer lending scheme is not for all
developers to turn into moneylenders and compete with banks,
Lim said.
It is up to the developers ... I
think some are already doing it on
a very low scale, he said.

KUALA LUMPUR: Bloomberg


TV Malaysia (BTVM), the first
international business news
channel localised for Malaysian audience is going off the
air about a year after it made
its debut. The business news
channel company has seen an
investment of over RM40 million since 2014, according to an
interview with Michael Chan,
chief executive officer of BTVM.
We took quite a while to get
going with BTVM. We only got
on-air in June 2015 but the investment has been ongoing since
2014, as it took time to meet the
standard for broadcasting with
Bloomberg as well as some delay
in getting local carriage.
In 2015, the US dollar went
up quite drastically, essentially increasing the licensing cost
with Bloomberg. This, with the
uncertainties surrounding the
media industry, has led to the
decision to go off-air, Chan said.
BTVMs programme Moving Malaysia was aired on Astro Channel 519, on weekdays at
6pm. The new channel has yet to
break even although it managed
to raise advertising revenue of
close to RM5 million.
From a cash [flow] perspective, its just not enough to cover,
Chan added.
According to industry sources,
the licensing fee is between US$2
million and US$3 million a year.
BTVM is owned by Enmedia Ventures Sdn Bhd, which
is owned by former Malaysian
minister and ntv7 founder, Tan
Sri Mohd Effendi Norwawi. The
localised Bloomberg TV in Malaysia is not the first to go off-air.
Last year, Bloomberg TV Indonesia, a joint venture set up in 2012
between Bloomberg and Idea
Group, ceased operations after
running into financial difficulty.
BTVM has reached a settlement with Astro Malaysia Holdings Bhd over any outstanding
debt, said Chan.
BTVM had seen a rift with Astro this year which led to the payTV operator to stop the broadcast of BTVM programmes on
Channel 519 in July.
The positive spin to this situation is that there are two groups
who are looking at BTVM seriously, Chan shared with The
Edge Financial Daily.
According to the media
industry veteran, one of the
groups is an existing media
player while the other one is
an influential businessman who
is interested in venturing into
the media business.
The deal is likely to be done
either through asset sales or
leasing of the broadcast centre
with new investors taking over
from Mohd Effendi. The new
investors will, however, need to
secure a licence with Bloomberg
that Chan will help facilitate.

HOME BUSINESS 5

THU R S DAY S E P T E MB E R 1 5 , 20 16 T HE ED G E FINA NCIA L DA ILY

Hamad Kama Piah


to retire as PNB
president and CEO
He will be succeeded by former Ekuinas chief Abdul Rahman
BY A D EL A MEGA N WI L LY

KUALA LUMPUR: Permodalan


Nasional Bhd (PNB) president
and group chief executive officer
(CEO) Tan Sri Hamad Kama Piah
Che Othman will retire from PNB
after 37 years of service at the end
of this month. Former Ekuiti Nasional Bhd (Ekuinas) CEO Datuk
Abdul Rahman Ahmad will take
over on Oct 1.
In a statement issued yesterday, PNB said that Hamad Kama
Piah, who has served as CEO of
the government-linked investment
company (GLIC) for 18 years, will
officially retire on Sept 30.
However, Hamad Kama Piah will
continue to serve as chairman of
the groups wholly-owned property
development arm, PNB Development Sdn Bhd.
Tan Sri Hamad has been with
the group for 37 years, 18 (years)
of which as its CEO. He has been instrumental in delivering sustained
and competitive returns to PNBs
unit holders, PNB group chairman

Tan Sri Abdul Wahid Omar said in


the statement.
On behalf of the board and
management, I would like to thank
Tan Sri Hamad for his outstanding
service, drive and commitment in
leading PNB to what it is today as a
leading and respected investment
institution in the country.
With over 25 years of experience
in audit, corporate and private equity, Abdul Rahman served as Media Prima Bhds group managing
director and CEO prior to establishing Ekuinas. He also held the
same posts at Malaysian property,
construction and infrastructure
conglomerate, Malaysian Resources
Corp Bhd (MRCB).
As a Master of Arts holder in Economics from Cambridge University
in the UK and a member of the Institute of Chartered Accountants in
England and Wales, Abdul Rahman
is also currently a board member
of several organisations including
Icon Offshore Bhd, Axiata Group
Bhd, RHB Bank and RHB Investment Bank Bhd, DRB-Hicom Bhd,

Astro Malaysia Holdings Bhd and


M+S Pte Ltd, a joint-venture company of Khazanah Nasional Bhd and
Temasek Holdings (Private) Ltd.
The board is also pleased to
have Datuk Abdul Rahman as the
new president and CEO, and is confident that an early succession will
be achieved, Wahid said.
With his experience establishing and leading Ekuinas and his vast
corporate experience previously as
CEO of Media Prima and MRCB, I
look forward to working with him
to build on the existing strengths
of our institution and take PNB
successfully into its next phase of
corporate development.
The impending departure of Hamad Kama Piah follows that of former
group chairman Tun Ahmad Sarji
Abdul Hamid who retired in July after
19 years. He was replaced by Wahid.
Both Hamad Kama Piah and
Ahmad Sarji have been the public
faces of PNB for many years. The
change of guard at the GLIC got
some asking whether this could
mark the start of a new era at PNB.

Ringgit weakness to persist


in near term analysts
BY S AN G EETHA A MA RTHA L I NGAM

KUALA LUMPUR: The continuing


stress on the ringgit due to external factors like the global oil glut
and impending US Federal Reserve
(Fed) rate hike that dictate its shortterm impact is not long-lasting,
analysts say.
As volatile as the ringgit is
against the US dollar and its peers,
with low demand in the trading
market, Affin Hwang Investment
Bank Bhd chief economist Alan Tan
is certain it will gain strength by the
fourth quarter of this year (4Q16).
He said the combination of the
countrys fundamentals with current account surplus, rising exports
and the upcoming Budget 2017
would prop the local currency to
stabilise at 4.00 to the US dollar by
end of the year.
In fact, the projected Fed rate
hike might work in favour of the
ringgit as differential gains in rates
would be gradual vis--vis Malaysias overnight policy rate of 3%.
The ringgit depreciated to its
weakest point against the US dollar
in intraday trade at 4.1377, following
crude oil price plunging as much as
3% in overnight trades, before paring

gains to close at 4.1255 yesterday.


It has fallen 3.2% from 3.9983
on July 1.
I think that even if [the] US increases its rates from 0.5% to 0.75%,
the differential rise in range is gradual and this works to our favour
because our interest rate is 3%.
Even with some volatile movement [in the ringgit] in 3Q16, we see
the ringgit holding up to RM4. We
have an open economy, which is why
I believe we can sustain [the changes], he told The Edge Financial Daily.
Highlighting July export figures, which fell 5.3% year-on-year
to RM59.9 billion due to lower sales
of electrical and electronic products, Tan echoed fellow economists
view that the reading was distorted
by the festive season.
We expect export figures for
August to rise again and hence,
the ringgits weak performance
will only be temporary, he added.
Over the past two days, the ringgit had faltered, particularly after the
International Energy Agencys announcement of an oil supply glut that
was likely to extend into mid-2017,
possibly keeping crude oil prices low.
At the time of writing, West Texas Intermediate traded at US$45.05

(RM186.06) per barrel, up 0.33%,


while Brent crude had climbed
0.06% to US$47.13 per barrel.
The Federal Open Market Committee (FOMC) will decide on
whether to raise or maintain the
Fed rate on Sept 20 and 21. However,
mixed signals from Fed officials have
caused jitters in global and regional
markets over the last few days.
An MIDF Amanah Investment
Bank Bhd economist conceded
that in the short term, the ringgit
would weaken on the probable US
rate hike and downward pressures
on crude oil prices.
However, the research house is
maintaining its view for the ringgit
to appreciate to 3.95 against the
greenback by the end of the year.
We also believe that there would
not be a rate hike by [the] FOMC this
year, thus we expect more funds to
Malaysia. Overall, we see a negative
investment in construction, but in
Malaysia, we are seeing some [construction investment].
Our domestic economy is resilient but external factors creep in, and
so we expect lower [economic] figures in the second half of the year. We
maintain our gross domestic product
forecast at 4%, the economist said.

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theedgemarkets.com

Kittiphun gets nod as CIMB Thai CEO


BY Y I M I E YO N G

KUALA LUMPUR: CIMB Group


Holdings Bhd said its 93.7% ownedCIMB Thai Bank PCL has obtained
approval from the Bank of Thailand
for the appointment of Kittiphun
Anutarasoti (pic) as its new head.
Kittiphun Anutarasoti will be
joining the group as president/
CEO (chief executive officer) on
Oct 19, said CIMB in a statement.
Plans are already in place to ensure a smooth leadership transition from Subhak Siwaraksa, whose seven-year
tenure as president/CEO
of the bank saw him resolve various legacy issues and subsequently
place CIMB Thai on a
new strategic path.
CIMB said Kittiphun
brings with him a wealth

of corporate banking experience,


having served in various key business positions in Thailand with
three global banks and two of the
largest Thai banks.
He holds a bachelors degree
in economics from Chulalongkorn University and an MBA from
Saint Louis University in the US.
Kittiphuns appointment is
both timely and strategic as CIMB
repositions its banking business in
Thailand, one of our key markets
in the region, said CIMB
Group CEO Tengku Datuk
Seri Zafrul Aziz.
His 24-year banking experience bodes
well for CIMB Thai
and I am confident
that he will add great
value to our franchise
in Thailand and to the
group, added Zafrul.

Astros 2Q net prot dips 8.6%


to RM125.4m on lower Ebitda
BY S ANG E E T H A A MA RT H A L IN G A M

KUALA LUMPUR: Astro Malaysia Holdings Bhds second quarter ended July 31, 2016 (2QFY17)
net profit dipped 8.6% to RM125.4
million from RM137.2 million in
2QFY16, mainly due to a RM63.5
million fall in earnings before interest, taxes, depreciation and amortisation (Ebitda).
Ebitda margin, constricted by
the weakening ringgit and lower
subscription revenue, declined 6%,
said Astro in a bourse filing yesterday. This was compounded by
higher content costs, particularly
from the Uefa Euro 2016.
The effects of these were, however, offset by discounts received from
renegotiated content contracts.
Its quarterly revenue, on the
other hand, gained 4.33% yearon-year to RM1.43 billion from
RM1.37 billion, due to a RM1.7

million gain in subscription contribution, RM17.6 million from


advertising, RM36.7 million from
home shopping and RM3.3 million
in other revenue.
Its board declared a second interim dividend of three sen a share
for the quarter, which amounted to
RM156.15 million in total, payable
on Oct 13. This brought its total dividend paid this year to six sen, from
5.5 sen in the same period last year.
For the first half ended July 31,
2016 (1HFY17), net profit climbed
7.22% to RM327.6 million from
RM305.5 million a year ago, while
revenue rose 3.9% to RM2.8 billion
from RM2.7 billion.
In a separate statement, Astro said its 1HFY17 saw modest
growth in revenue and profit after
tax and minority interests, underpinned by better performance in
e-commerce and advertising expenditure.

Maypak shares suspended


pending material announcement
KUALA LUMPUR: Plastic packaging maker Malaysia Packaging Industry Bhd (Maypak) is
expected to make a material announcement involving its major
shareholder today.
The company yesterday requested for a suspension in the
trading of its shares from this
morning pending the announcement.
The announcement will probably involve its new major shareholder, Japans Taisei Lamick Co
Ltd, launching a mandatory general offer for the remaining shares
in Maypak.
Taisei bought a 54.95% stake
in Maypak from Toyo Seikan Co

Ltd for RM3.835 million or 16.6


sen a share in July, making it the
largest shareholder.
Taisei, listed on the Tokyo Stock
Exchange, is mainly involved in the
manufacture and sale of film packaging materials used for packing
food products, cleaning detergents
and other consumer goods.
Loss-making Maypak sank
deeper into the red for its second quarter ended June 30, 2016
with a net loss of RM2.63 million,
against RM1.6 million a year earlier, due to realised foreign exchange losses. Revenue rose 2.2%
to RM22.35 million from RM21.87
million on higher demand for liner packaging.

6 HOME BUSINESS

T HUR SDAY SEP TEM B ER 1 5 , 2 0 16 TH E EDGE F I N AN C I AL DAI LY

Steel counters top gainers


after Megasteels plant closure
Cessation of operations a chance for CRC players to source HRC from other providers
BY SU P RI YA SU REND RA N

KUALA LUMPUR: Steel counters


Melewar Industrial Group Bhd
(MIG), Hiap Teck Venture Bhd,
Southern Steel Bhd and Leader
Steel Holdings Bhd were among
the top gainers on Bursa Malaysia yesterday, following reports
on the closure of Megasteel Sdn
Bhds Banting plant.
Megasteel, a 79%-owned subsidiary of Lion Corp Bhd and the
countrys sole producer of hotrolled coils (HRC) which also produces cold-rolled coils (CRC) and
other steel-related products was
reported by a local newspaper to
have closed its plant in Banting,
Selangor.
In a bourse filing yesterday,
Lion Corp clarified that the published article had quoted industry

sources, while the group had announced earlier that Megasteel had
temporarily ceased operations.
Megasteel had been suffering
losses in the past years due to excessive dumping of steel products
by foreign millers and had been
operating intermittently depending on market conditions.
The announcement in January by the ministry of international trade and industry that the
government had terminated the
investigation for the Safeguard
Petition on imported HRC had
further impacted Megasteels operations which resulted in the retrenchment of its staff.
The company had in its interim
financial reports for the quarters
ended March 31, 2016 and June 30,
2016 reported that Megasteel had
temporarily ceased operation fol-

lowing the aforesaid government


decision, the filing read.
Following the announcement,
Lion Corp closed half a sen or 25%
lower at 1.5 sen. Lion Diversified
also slipped half a sen or 16.67%
to close at 2.5 sen.
An analyst with a local research
firm said reports of Megasteels
closure will have a positive impact on CRC players such as MIGs
71.51%-owned subsidiary Mycron
Steel Bhd, and CSC Steel Holdings Bhd.
The temporary cessation of
Megasteels operations would benefit CRC players as it opens up the
opportunity for them to source
HRC, which is a raw material for
CRC, from alternative providers,
he told The Edge Financial Daily.
CSC Steel shares ended the day
up two sen or 1.13% at RM1.79,

while Hiap Teck shares gained half


a sen or 1.72% to 29.5 sen. Southern Steels counter was up six sen
(5.66%) to RM1.12, while Leader
Steel jumped nine sen (21.43%)
to 51 sen.
Meanwhile, MIG shares were
up three sen (5.56%) to 57 sen,
while Mycron Steel shares were
down 2.5 sen (2.76%) to 88 sen.
MIG, which had been queried
by Bursa after its share price appreciated 42.5% since its last Fridays close of 40 sen, said it was
unaware of any reasons that could
account for the sudden spike in
its share price.
Mycron Steel has also witnessed a sharp increase in market price and volume recently.
Its share price has appreciated
95.5% since Sept 1s closing price
of 45 sen.

UMA may be connected to Mycron Steel rally Melewar


BY C H E STER TAY

KUALA LUMPUR: Melewar Industrial Group Bhd (MIG) said


the unusual market activity in
the trading of its shares may
be due to a rally in the stock
price of its subsidiary, Mycron
Steel Bhd.
At [the] MIG company level,
its 71.51% controlling shareholding in Mycron Steel has
witnessed a sharp increase
in market price and volume
recently.

While we cannot be certain


that the aforementioned is the
cause of MIGs rise in share price
and volume, it does offer a possible connection, said MIG.
Mycron Steels share price has
nearly doubled from 45 sen on
Sept 1 this year to 88 sen as at
market close yesterday, which
valued it at RM248.64 million.
Replying to a query from Bursa Malaysia on the unusual market activity, MIG said another
possible reason for the rise in
its share price and volume is its

better financial performance in


the fourth quarter ended June
30, 2016 (4QFY16).
MIG reported a net profit of
RM8.13 million for the quarter,
against a net loss of RM29.55 million for 4QFY15.
It also highlighted the recent
revaluation exercise on its land,
buildings, plant, machinery and
electrical installation as another possible reason behind its
recent share price and volume
gains.
The revaluation surplus aris-

ing from such revaluation exercise has also been approved by


the board to be reflected in the
fourth-quarter unaudited results,
it added.
As with Mycron Steel, MIGs
counter had been seeing an uptrend since Sept 1, when it was
trading at 33 sen apiece.
The stock closed at 57 sen yesterday, up 72.72% since Sept 1,
valuing it at RM128.55 million.
It was the third most actively
traded counter, with 40.38 million
shares done.

EPFs Simpanan
Shariah hits
RM41.1b
BY A D E L A MEG A N W IL LY

KUALA LUMPUR: Some 41% of


the Employees Provident Funds
(EPF) initial allocation of RM100
billion for Simpanan Shariah
2017 has been taken up since
registration for the fully syariahcompliant investment scheme
was opened on Aug 8 this year.
In a statement yesterday, the
EPF said the percentage represents RM41.1 billion.
Members wanting to switch
to Simpanan Shariah are encouraged to come to any EPF
branches nationwide now to
avoid last-minute crowds in December. The closing date for Simpanan Shariah 2017 will be on
Dec 23, or subject to the availability of the RM100 billion allocation, it added.
Simpanan Shariah is a new
retirement savings option based
on investments in only assets that
adhere to Islamic principles.

Proton gets
7,000 bookings
for new Persona
SHAH ALAM: National carmaker Proton Holdings Bhd has received 7,000 bookings to date
for its all-new Persona.
Group managing director,
Datuk Seri Syed Faisal Albar Syed A R Albar, said the
new Persona has been wellreceived since it was launched
on Aug 23.
We are quite happy with
the numbers and we are on
track to achieve the sales target of between 3,000 and 4,000
units per month, a target that
was mentioned previously by
Proton chief executive officer,
Datuk Ahmad Fuaad Mohd
Kenali, he told reporters at
the Appreciation Ceremony for
Malaysian Olympic Medallists
here, yesterday. Bernama

Indonesia needs US$264b infrastructure capex till 2020 Maybank


BY A H M AD NAQ I B I D RI S

JAKARTA: Malayan Banking Bhd


(Maybank) estimates that Indonesia
will require US$264 billion (RM1.09
trillion) in terms of infrastructure
capital expenditure (capex) from this
year until 2020, which the country
needs to tap the capital markets for,
to meet its funding needs.
Maybank Kim Eng Group chief
executive officer Datuk John Chong
said the Indonesian governments
budget will only cover 29% of the
capex needs, which means the balance 71% or US$190 billion will have
to be funded by the private sector.
He said the key sectors to invest
in include power, oil and refinery,
and water segments.
We anticipate 29% of the total
capex will be funded by the public
sector, or the government of Indonesia, while the other 71% will prob-

ably be funded by the private sector.


However, local banks are limited
in terms of size and tenure [of loans
they can offer]. We think that a lot of
the funding also has to come from
capital markets. Indonesias local
currency bond market still has a
long way to go in terms of leveraging
out, said Chong at a press conference yesterday, held in conjunction
with Invest Asean Indonesia.
He explained that Indonesias
bond market currently stands at
16.2% of gross domestic production, leaving a lot of room for further expansion.
He said that most of the funding
in the country has been undertaken
by domestic banks and in foreign
currencies, which he said may not
be ideal as cash flow for most of the
projects are usually denominated
in Indonesian rupiah.
For example, in Malaysia, we

Maybank Kim Eng Indonesia chief executive ocer (CEO) Wilianto Le, Chong, Maybank
Indonesia CEO and president director Taswin Zakaria and Maybank Group head of global
banking Datuk Muzaar Hisham at a press conference in Jakarta, Indonesia yesterday.

would sometimes do a 15- to 18year sukuk. Indonesia would want


that sort of tenure, in order to match
its required funding, as opposed to a
five- to seven-year financing, which
means refinancing is needed, he said.
Chong said that some of Indonesias regulations and tax structures need to be reviewed before

sukuk takes off in the country.


In the structured financing
[space] for sukuk, there are structures that require underlying assets.
To facilitate this transaction, certain
regulations and policies need to
be looked at and reviewed before
a full-blown take off of the sukuk
market here, he said.

Meanwhile, another important


factor, he said, was the creation of
a benchmark yield curve for sukuk
transactions.
When we need to structure and
raise a sukuk, we need a comparison
of how the yields are in the market.
Looking at Malaysia and other countries, it started with a few long-term
sukuk issuances by government-related entities. Subsequently, the private sector will follow, he also said.
Chong added that Maybank Kim
Eng has been supporting infrastructure financing needs in Indonesia.
For example, it was the sole lead
arranger for a US$300 million onshore US dollar medium term note
programme for PT Sarana Multi
Infrastruktur, and the exclusive financial adviser and mandated lead
arranger for PT Mabar Elektrindos
financing of the companys 300mw
power project in Medan, Indonesia.

HOME BUSINESS 7

THU R S DAY S E P T E MB E R 1 5 , 20 16 T HE ED G E FINA NCIA L DA ILY

LBS Binas subsidiary eyes


more govt-linked jobs
75%-owned construction arm bidding for RM639m worth of jobs
BY G H O C H EE Y UA N &
A D E L A M EG AN WI L LY

KUALA LUMPUR: LBS Bina Group


Bhd said its 75%-owned construction arm MITC Engineering Sdn
Bhd (MITCE), which it is injecting
into ML Global Bhd, is bidding for
RM639 million worth of jobs, including parcels of the countrys
mega infrastructure projects.
They (MITCE) can do
everything. There are plenty of
[upcoming] government projects
in Malaysia. We are keen to take
on several projects, said LBS Bina
managing director Tan Sri Lim Hock
San, but declined to share which
specific jobs it is keen on.
Nevertheless, he shared that
MITCE is very close to securing
some of the jobs it has tendered for.
I cannot say what jobs they are
as they are not in hand yet. But its
very firm that we have got them.
Wait for another one to two months
to see how things [go], then we can
make the announcement, Lim told
a media briefing here yesterday.
Presently, MITCEs order book
stood at RM1.156 billion; 62% of
that came from LBS Bina, while the

Lim speaking at press brieng. He is optimistic that LBS Bina could achieve its RM1.2
billion sales target for FY16. Photo by Suhaimi Yusuf

remainder is made up of third-party jobs.


Earlier, Lim announced LBS
Binas plan to streamline its construction business by disposing
of its entire stake in MITCE to its
51.18%-owned subsidiary ML Global for RM225 million.
The consideration will be satisfied by the allotment and issuance
of 200.82 million ordinary shares
of 50 sen each in ML Global, at an
issue price of 67 sen apiece, to its
indirect wholly owned unit MITC
Sdn Bhd (MITC).

In addition, 135 million new


irredeemable convertible preference shares of 50 sen each in ML
Global will be issued at the same
price to MITC.
In conjunction with the planned
disposal, MITC will undertake a
proposed placement of up to 45
million shares to third party investors to be identified later.
Lim said LBS Binas combined
construction businesses, under
ML Global, will allow the entity to
have better access to more business opportunities and to tender

for larger construction jobs.


ML Global, formerly known as
VTI Vintage Bhd, was classified as a
PN17 company on Feb 25, 2010 after
its shareholders equity fell to less
than 25% of its paid-up share capital.
Its PN17 status was lifted in
March this year after it amended
its regularisation plan, which saw
LBS Bina emerging as its strategic
investor.
Meanwhile, Lim is optimistic
that LBS Bina could achieve its
RM1.2 billion sales target for the
financial year ending Dec 31, 2016
(FY16), given its year-to-date robust
sales of RM873 million. This is on
top of LBS Binas RM1.386 billion
worth of unbilled sales as at Aug 31.
Going forward, he said the group
is banking on two ongoing projects,
the BSP 21 high-rise project and the
Desiran Bayu lakeside residential
development in Puchong, to hit its
FY16 sales target.
The groups land bank amounts
to 3,585 acres (1450 ha) in Johor,
Perak, and Selangor. The land, once
developed, should carry a gross development value of RM24.7 billion
which could keep LBS Bina busy for
at least a decade, said Lim.

Inta Bina seeks ACE Market entry


BY CH E ST E R TAY

KUALA LUMPUR: Construction


firm Inta Bina Group Bhd, which
has been in Malaysias construction industry for over 25 years, is
planning to offer 107.05 million of
its shares of 10 sen each in its initial public offering to list on Bursa
Malaysias ACE Market.
The shares represent 20% of its
enlarged issued and paid-up share
capital, according to its draft prospectus made available on the Securities
Commission Malaysias website.
Proceeds from the public issue

are expected to be utilised for capital expenditure, repayment of bank


borrowings, general working capital and estimated listing expenses,
though Inta Bina did not reveal the
breakdown.
Inta Bina will allocate 26.76 million shares to the Malaysian public
via balloting; half of that will be for
bumiputera investors.
Meanwhile, 20.01 million shares
will be reserved for eligible directors,
employees and business associates or
persons who have contributed to the
group, while 53.53 million shares will
be for private placement to selected

bumiputera investors. The remaining 6.75 million shares are for private placement to selected investors.
The IPO also involves an offer for sale
of 26.76 million existing shares, or 5%
of its enlarged issued and paid-up
share capital, by way of private placement to selected investors.
Inta Bina is registered as a Grade
Seven contractor with the Construction Industry Development Board,
which allows it to bid for construction projects in Malaysia, with no
cap in value.
Its order book value, as at May 31
this year, was RM446.8 million.

Inta Binas net profit rose 8.58% to


RM11.5 million in the financial year
ended Dec 31, 2015 (FY15), from
RM10.59 million in FY14, while revenue grew 10.62% to RM271.94 million
from RM245.82 million.
Inta Bina is led by its managing director (MD) Lim Ooi Joo, who owns a
direct stake of 11.12% in the company, and deputy MD Teo Hock Choon
who has an 11% stake. After the listing,
Lims direct stake will be trimmed to
8.9%, and Teos to 8.8%.
M&A Securities Sdn Bhd is the
adviser, sponsor, underwriter and
placement agent for the IPO.

Cabnet Holdings
aims for Bursa
listing via IPO of
21 million shares
BY C H E S T E R TAY

KUALA LUMPUR: Cabnet Holdings Bhd, a building management solution provider, is seeking to list on Bursa Malaysias
ACE Market with an initial public offering (IPO) of 21 million
shares of 10 sen each.
The shares would represent
16.15% of the companys enlarged issued and paid-up share
capital of 130 million shares
upon listing, with a market capitalisation of RM72.8 million, according to the draft prospectus
posted on Securities Commission Malaysias website.
Cabnet chief executive officer Tay Hong Sing currently
owns 37.9% of the group, while
his deputy Tan Boon Siang controls a 37.8% stake. Subsequent
to the IPO, both Tays and Tans
shareholdings will be diluted to
25.1% each.
Under the IPO, about seven million shares will be allocated to the Malaysian public
through balloting, and some
10 million will be reserved for
selected investors. The remaining four million shares will be
offered to eligible directors and
employees and other persons
who have contributed to the
success of the group, the draft
prospectus stated.
Cabnets net profit rose by
41.57% to RM5.77 million for
the financial year ended Dec
31, 2015 (FY15), from RM4.08
million a year earlier, while revenue grew 16.22% to RM39.59
million from RM34.07 million.
Cabnet said the IPO will enable it to further enhance its
financial position and gain access to the capital market to
raise funds for expansion and
growth when the need arises
in the future.
The group also believes that
the listing status would enhance its stature and increase
market awareness of its products and services, which will
help expand customer and
supplier base.
TA Securities Holdings Bhd
is the principal adviser, sponsor, underwriter and placement
agent for the IPO.

8 ST O C KS W I T H M O M E N T U M
www.theedgemarkets.com

T HUR SDAY SEP TEM B ER 1 5 , 2 0 16 TH E EDGE F I N AN C I AL DAI LY

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.

CHOO BEE METAL INDUSTRIES BHD (-ve)


SHARES in Choo Bee Metal Industries Bhd
(fundamental: 1.3/3, valuation: 1.4/3) closed
up 15 sen or 8.8% higher at RM1.86 yesterday, after 436,300 shares were traded,
compared to its 200-day average volume
of 17,769 shares.
Choo Bee is involved in processing steel
coils into steel products. It also fabricates steel
products and trades in hardware products.
In an interview with The Edge Financial
Daily in June, the company shared that it
CHOO BEE METAL INDUSTRIES BHD

would be among the beneficiaries of the


governments decision to knock down trade
barriers for imported hot-rolled coil (HRC)
in the downstream segment.
It started sourcing 80% of its raw materials from other Asian countries since
Megasteel Sdn Bhd, the countrys sole HRC
maker, had temporarily ceased production
since March.
At the current share price, Choo Bee is
trading at 0.46 times its book value.
Valuation score*
1.40
1.30
Fundamental score**
16.92
TTM P/E (x)
(0.79)
TTM PEG (x)
0.42
P/NAV (x)
2.34
TTM Dividend yield (%)
186.29
Market capitalisation (mil)
Shares outstanding (ex-treasury) mil 108.94
0.26
Beta
1.30-1.71
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

CN ASIA CORP BHD (-ve)


SHARES in CN Asia Corp Bhd (fundamental:
0.15/3, valuation: 0.9 /3), which triggered
our momentum algorithm for the first time
yesterday, has also been highlighted as a
red flag stock with momentum, suggesting
that investors should exercise extra caution
while trading in its shares.
The stock closed unchanged at 35 sen,
with some 30,000 shares done, compared to
its 200-day average volume of 5,930 shares.
On Sept 8, CN Asia announced that it was
seeking for more time specifically five

CN ASIA CORP BHD

months (that is up to Feb 28, 2017) from


Bursa Malaysia to submit its regularisation
plan to lift its Practice Note 17 (PN17) status.
The company, which manufactures petroleum storage tanks, fell into PN17 status
in May last year after its auditors expressed
an unmodified opinion with an emphasis
on the matter about its ability to continue as
a going concern in its financial statements
for the year ended Dec 31, 2014.
At the current share price, CN Asia is
trading at 0.94 times its book value.
Valuation score*
0.90
0.15
Fundamental score**
TTM P/E (x)
TTM PEG (x)
0.94
P/NAV (x)
TTM Dividend yield (%)
15.88
Market capitalisation (mil)
45.38
Shares outstanding (ex-treasury) mil
0.21
Beta
0.13-0.36
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

LEADER STEEL HOLDINGS BHD (-ve)


SHARES in Leader Steel Holdings Bhd (fundamental: 0/3, valuation: 0.9/3) was also redflagged by our proprietary algorithm yesterday, suggesting that investors should exercise
extra caution while trading in its shares.
Yesterday was the seventh time the stock
triggered our momentum algorithm. The counter closed up nine sen or 21.4% higher at 51
sen, after 8.05 million shares were exchanged.
LEADER STEEL HOLDINGS BHD

In the first six months ended June 30, 2016,


Leader Steel reported a net profit of RM2.82
million compared to a net loss of RM679,000
a year ago, due to higher selling prices in the
steel pipe segment.
Revenue, however, slipped 4.4% to RM79.48
million from RM83.16 million a year ago.
The stock is currently trading at 0.5 times
its book value.
Valuation score*
0.90
0.00
Fundamental score**
2,657.50
TTM P/E (x)
TTM PEG (x)
0.42
P/NAV (x)
TTM Dividend yield (%)
53.15
Market capitalisation (mil)
126.55
Shares outstanding (ex-treasury) mil
0.22
Beta
0.15-0.45
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

HOME BUSINESS

Perak Transit aims


to replicate Terminal
Amanjaya success
BY C HE S TE R TAY

KUALA LUMPUR: Perak Transit Bhd


wants to replicate its success in setting
up Ipohs integrated bus terminal, known
as Terminal Amanjaya, by developing
similar projects elsewhere in the state,
starting with Kampar.
The Perak-based petrol station, stage
bus and terminal operator said the soonto-be-listed company will focus on growing its terminal business.
Managing director Datuk Seri Cheong
Kong Fitt said the company chose to develop its next integrated terminal in Kampar
because it had become a booming town
after Universiti Tunku Abdul Rahman set
up its main campus there.
Being a university town, student movement will be high, so we believe that terminal buses would serve them well, he
told The Edge Financial Daily.
Unlike most other stage bus or express bus operators in Malaysia, Cheong
said Perak Transits business model had
always been to leverage the synergistic
competitive advantage from the terminal it operates.
If you look at our segmental revenue
analysis, terminal gives us a big portion
of revenue and income. As a terminal
operator, we offer not only bus transit
services, but also lifestyle, petrol stations,
advertising and promotional services, he
explained.
Perak Transit, an ACE Market candidate that is launching its prospectus today,
also operates four petrol stations in Ipoh,
Lahat and Kuala Kangsar.
Currently, Cheong said Terminal Amanjaya had achieved a 94% occupancy rate,
and some of the tenants had expressed
their intention to set up branches in Perak
Transits Kampar Terminal.

We have allocated RM4 million as


marketing expenses to attract not only
our existing tenants at Amanjaya, but also
businesses in Kampar itself and perhaps
governmental departments, he said.
For the financial year ended Dec 31,
2014 (FY14), petrol station operations
contributed 46.31% of Perak Transits total revenue of RM77.58 million, followed
by its terminal business (32.22%) and bus
operations (21.47%).
Cheong believes that prospects for the
terminal business could be the main driver
of Perak Transit going forward, particularly in the advertising and promotional
(A&P) segment.
Our margin in A&P went as high as
99.96% for FY14. We own the terminal, so
we do not need to incur high cost in renting out A&P space. So we want to bring
this model to Kampar as well, he said.
In Kampar, Perak Transit would own
both the 3.72-acre (1.5ha) land and the
new terminal building.
Cheong said the A&P division currently
relies on two agents to source advertisement
and events from external parties, and in order to mitigate the risk of overdependence,
the group had begun to cultivate talents to
handle this task in the event of any termination of collaboration with these agents.
We have not started building it yet;
we need to get local government approval first. As of now, we are waiting for the
approval of the building plan, he said,
adding that the construction period for
this new terminal would span 18 months.
Perak Transits initial public offering
involves the issuance of 245 million new
shares, of which 58 million shares will be
offered to the public, while 187 million will
be placed to selected investors.
It is also offering 56 million existing
shares for sale to selected investors.

Chinese investors to invest RM4.5b to


set up RE, advanced chemical factory
NANNING (China): The East Coast Economic Region Development Council
(ECERDC) has secured potential investments of RM4.5 billion from China for the
construction of a renewable energy and
advanced chemical factory in the Malaysia-China Kuantan Industrial Park.
Its chief executive officer, Datuk Seri Jebasingam Issace John, said construction of
the factory will commence early next year
and was slated for completion in early 2018.
The council and the Chinese company
are working out the details and will unveil more details soon, he told reporters
at the China-Asean Expo 2016 (Caexpo)
here yesterday.
He said the East Coast Economic Regions (ECER) trade with China continued
to grow despite the challenging business
environment.
The council is firm in its commitment
to attract more investments from China as
well as forge stronger partnerships with its
government agencies and private players,
he said.

ECERDC participated in Caexpo, from


Sunday to yesterday, to build on the success
of its previous participation that resulted in
key investment opportunities and strengthened ECERs reputation in global markets.
Meanwhile, ECER and Softa Marketing
Sdn Bhd from Besut, Terengganu, yesterday
signed a memorandum of understanding
(MoU) with Chinas Shanghai C-HK International Logistic Inc to export fish-based
halal food products worth over RM5 million
to the country over the next three years.
Under the MoU, Softa Marketing will
supply its internationally certified range
of food products such as keropok lekor,
prawn and squid crackers to Shanghai
C-HK International Logistics, which will
act as a strategic partner to distribute, promote and market the products in China.
Another company, Mitra Food Industries Sdn Bhd, renewed its yearly contract
worth RM3 million with Zhuolun (Nanning
Guangxi) Co Ltd to supply its hit products
Musang King White Coffee and Brazilian Cappuccino. Bernama

1 0 P R O P E RT Y

T HUR SDAY SEP TEM B ER 1 5 , 2 0 16 TH E EDGE F I N AN C I AL DAI LY

Banks in Hong Kong


turn to hot desks
To better utilise expensive office space
BY C EL I NE GE

HONG KONG: The owner of a prime


office complex in the citys Central financial district says some
banks have switched to hot desks
for more efficient use of space as
their finance teams become more
mobile and location costs stand at
historically high levels.
The trend is happening at the
same time that global lenders such
as HSBC and Standard Chartered
are scrambling to lay out big costcutting plans in the face of stalled
economic growth as well as rising
compliance-related expenses.

Certain banks are likely to


launch hot desks, as a number of
staff need to travel or have meetings
from time to time and they may not
need permanent desks, said Ada
Wong Ka-ki, chief executive officer
of Champion Reit, a Hong Kongbased real estate investment trust
which owns Three Garden Road at
the heart of the citys financial hub.
The glass and steel office highrise tower, formerly known as
Citibank Plaza, is home to many
multinational banking, legal and
financial services firms such as the
Industrial and Commercial Bank
of Chinas Hong Kong head office.

More and more banks in Central


will launch hot desks to save space,
said Wong, a former Citibank and
JP Morgan investment banker, who
predicts that mainland companies
will remain a pillar of support for
the office market in the citys most
prominent business district.
Mainland Chinese tenants, especially banks, securities and asset
management houses expanding
overseas, have been a key driver of
demand for Centrals Grade A office
rental space in an attempt to secure
prestigious locations and make a
bit of splash in the market. South
China Morning Post

Villa residences and residential buildings in Shenyang, Liaoning province. A robust


recovery in home prices and sales, thanks to a urry of government stimulus
measures, gave a stronger-than-expected boost to the worlds second-largest
economy in the rst half of the year. Photo by Reuters

China property
investment growth
quickens
BY YAWE N C H E N & K E V IN YAO

Work to resume on Giant Sea Wall


to save sinking Jakarta
BY AG UST I NU S B EO DA COSTA

JAKARTA: Indonesia will resume


land reclamation that will help prevent Jakarta from sinking below sea
level, a cabinet minister said, five
months after work was suspended
due to regulatory and environmental concerns.
Greater Jakarta, one of the
worlds most densely populated
cities, sits on a swampy plain and
is sinking at a faster rate than any
other city in the world.
Jakarta has focused its attention
on bolstering its defences with a
15-mile (24.14km) sea wall and
refurbishing the crumbling flood
canal system.
The government decided late
on Tuesday to allow work to con-

tinue on a key phase of the Giant


Sea Wall, which aims to shore up
northern Jakarta while revamping
the capitals image into a Singapore-like waterfront city.
If this Giant Sea Wall is not
done, that will create a big impact
on Jakarta with regard to salt water
penetration, Coordinating Maritime Minister Luhut Pandjaitan
told reporters on Tuesday.
Included in the master plan is
the building of 17 artificial islands
off Jakartas northern coast, where
property developers plan to build
shopping malls and attractions similar to Singapores Sentosa Island.
But work on that project was
suspended in April following disagreements between the government and the Jakarta governor over

who had authority to issue permits.


Some fishermen have also protested against reclamation, saying it
would reduce their catch.
In response, the government
plans to offer them fishing permits
in waters near the Natuna Islands.
The suspension in April also
threatened to delay Indonesian
property developer PT Agung Podomoro Lands multibillion-dollar
Pluit City, comprising apartments,
offices and shopping malls, on parts
of artificial land it was constructing.
We are still waiting for [the]
governments direction, said Justini Omas, the companys corporate secretary. Previously, we had
planned that construction of the
island would be done in 2018.
Reuters

BEIJING: Investment growth in Chinas real estate quickened slightly


over January to August, suggesting
investors still have confidence in a
booming market even as more local governments tightened restrictions on home purchases in a bid
to check rapid price rises.
Property investment in January
to August rose 5.4% from a year
earlier, National Bureau of Statistics (NBS) figures showed on Tuesday, quickening from an increase
of 5.3% in January to July, while
property sales by floor area grew
25.5%, slowing from 26.4%.
In August alone, property investment was up 6.2% from a year ago,
according to Reuters calculations,
compared with 1.4% in July.
A property investment rebound
means it will continue to contribute positively to gross domestic
product this year, albeit probably
not as significantly as seen in the
first half, said Ma Xiaoping, an
economist at HSBC.

5.98

Real estate investment directly


affects about 40 other business sectors in China and is considered to
be a crucial driver of the economy.
A robust recovery in home prices
and sales, thanks to a flurry of government stimulus measures, gave
a stronger-than-expected boost to
the worlds second-largest economy
in the first half of the year.
But rapid price gains in some
of the biggest cities fanned fears
of a bubble and prompted some
local governments to tighten
home and land purchase requirements, with cities such as Xiamen,
Suzhou, Naning and Wuhan being the latest to implement such
measures.
Rises in property prices have initially been contained, NBS spokesman Sheng Laiyun said at a news
conference.
A housing glut continued to take
its toll on smaller centres such as
rust-belt city Shenyang, which implemented looser buying conditions in an effort to ramp up demand. Reuters

128.98

12 B R O K E R S C A L L / T E C H N I C A L S

T HUR SDAY SEP TEM B ER 1 5 , 2 0 16 TH E EDGE F I N AN C I AL DAI LY

Market to remain bearish


next week
BY B E N NY L EE

he market snapped a
two-week decline last
week on a rebound in
crude oil prices. The
FBM KLCI rebounded and climbed higher earlier in the week, but pulled
back last Friday as the market was
cautious ahead of the long weekend. The performance was also in
line with market performances in
the region. The benchmark FBM
KLCI increased 0.9% in a week to
1,686.44 points. However, the index
had fallen 1.5% since last Friday to
1,661.39 points yesterday.
Trading volume continued to
decline last week. The average daily trading volume last week was
1.6 billion shares compared with
1.7 billion shares two weeks ago.
The average trading value fell from
RM1.9 billion to RM1.8 billion.
Local and foreign institutions
picked up stocks that retailers sold
despite a weaker ringgit. Net buying
from local and foreign institutions
last week (Monday to Friday) were
RM114 million and RM30 million
respectively. The ringgit weakened
from RM4.08 last week to RM4.10
against the US dollar last Friday,
and currently is at RM4.12.
Gainers beat decliners four to
one on the FBM KLCI. Top gainers
for the week were SapuraKencana
Petroleum Bhd (+6.6% in a week to
RM1.62), Axiata Group Bhd (+3.7%
to RM5.65) and CIMB Group Bhd
(+2.7% to RM4.90). Top decliners
were Hong Leong Financial Group

Bhd (-1.9% to RM15.70), Tenaga


Nasional Bhd (-1.5% to RM14.44)
and Petronas Dagangan Bhd (-0.5%
to RM23.28).
The performance of Asian markets was generally bullish. Chinas
Shanghai Stock Exchange Composite
Index rose 0.4% in a week to 3,078.86
points last Friday. Japans Nikkei 225
Index rebounded and increased 0.2%
in a week to 16,965.76 points. Hong
Kongs Hang Seng Index jumped
3.6% in a week to 24,099.7 points and
Singapores Straits Times Index fell
2.5% to 2,873.33 points.
The US market tumbled last Friday on renewed fear of a possible
rate hike and the market ended with
a bearish week. Markets in Europe
were also bearish. The US Dow
Jones Industrial Average fell 2.2%
in a week to 18,085.45 points last
Friday. Londons FTSE 100 Index
declined 2.7% in a week to 6,776.95
points but Germanys DAX Index
shed 1.0% to 10,573.44 points. Markets in both Asia and Europe/US are
expected to decline after support
levels are broken.
The US dollar slightly weakened
against major currencies. The US
dollar index futures increased from
95.9 points to 95.3 points last Friday. The Commodity Exchange
gold price increased only 0.2%
to US$1,331.80 (RM5,500.33) an
ounce. Crude oil (Brent) snapped
a two-week decline and increased
2.2% in a week to US$47.88 per
barrel. Crude palm oil on Bursa
Malaysia increased 1.6% in a week
to RM2,639 per tonne.
The FBM KLCI fell below the longterm 200-day moving average at 1,665
points and also the short-term 30day moving average just after being

Daily FBM KLCI chart as at September 14, 2016.

supported above it in the past one


month. This indicates that the trend
has turned bearish. Nevertheless, the
market is still being supported well
as it is above the Ichimoku Cloud indicator but with the current bearish
sentiment, expect the index to fall
below the cloud as well.
The Relative Strength Index and
momentum oscillator fell below
their mid-levels and are declining.
This indicates that the market sentiment has turned bearish. Furthermore, the bearish trend momentum
is strengthening as the FBM KLCI
has fallen below the bottom band of
the expanding Bollinger Bands and
the moving average convergence

divergence fell below its mid-level.


Last week, I mentioned that the
market may still rebound but is
still bearish and likely to decline
in the short term. The market did
rebound, but there is still resistance especially after the pullback
last Friday. The immediate resistance for the FBM KLCI is at 1,700
points. Furthermore, the selldown
in the US market at the end of last
week may trigger selling in the financial markets. Hence, we expect the market to decline in this
short trading week and the index
to test the immediate support level
at 1,650 points.
Next week, the market may re-

bound in the earlier part of the


week and if it fails to climb above
1,700 points, then expect further
declines in the short term towards
1,600 points.
Benny Lee is chief market strategist
for Jupiter Securities Sdn Bhd. Jupiter Securities is a participating
broker in Bursa Malaysia. He can
be contacted at bennylee.kl@gmail.
com. The views expressed in the article are the opinions of the writer
and should not be construed as investment advice. Please exercise your
own judgement or seek professional
advice for your investment decisions.

PPB may pay special dividend if cinema sale materialises


PPB Group Bhd
(Sept 14, RM16.10)
Maintain neutral with an unchanged target price (TP) of
RM15: According to Bloomberg,
PPB Group Bhd has received firstround bids for its cinema business
under the Golden Screen Cinemas
(GSC) brand. The newswire mentioned that the deal could fetch as
much as US$500 million (RM2.06
billion), quoting people familiar
with knowledge of the matter.
PPB announced to Bursa Malaysia that the company regularly
evaluates various strategic options
for all its businesses, including GSC,
with a view to optimising shareholder value. As at the date of this
announcement, no decision has
been made to pursue any particular option and no transaction has
been agreed.
We are neutral on the news
as no decision had been made by
PPB at this juncture. The US$500
million price implies valuation of

PPB Group Bhd

27 times price-earnings ratio (PER)


based on annualised first-half ended June 30, 2016 (1HFY16) profit
before tax (PBT) and assumption
of 25% tax and US dollar/ringgit
rate of 4.00. Note that the film
exhibition and distribution di-

vision registered PBT of RM49.8


million in 1HFY16.
PPB is able to pay a special dividend of up to RM1.69 if the deal
materialises. This is assuming the
price of US$500 million materialises
and the payout to shareholders is

FYE DEC (RM MIL)

2013A

2014A

2015A

2016F

2017F

Revenue
Ebit
PBT
Net Income
Core net income
EPS (sen)
Core EPS (sen)
Net DPS (sen)
Net dividend yield (%)
Core PER
NTA/share (RM)
P/NTA
ROE (%)
ROA (%)

3,313
278
1,063
983
953
82.9
80.3
25.0
1.6
20.0
13.14
1.22
6.3
5.8

3,701
313
1,028
917
917
77.3
77.3
23.0
1.4
20.7
14.12
1.14
5.5
4.9

4,048
399
1,181
1,051
1,051
88.7
88.7
25.0
1.6
18.1
16.74
0.96
5.3
4.8

3,933
352
1,025
911
911
76.9
76.9
23.1
1.4
20.9
14.86
1.08
5.2
4.9

4,135
371
1,141
1,022
1,022
86.2
86.2
25.9
1.6
18.6
15.46
1.04
5.6
5.3

Source: MIDF Research

at a maximum 100%. Note that the


company was in a net cash position
of RM469 million as of end-June.
Maintain neutral with unchanged
TP of RM15. We are maintaining our

PPB earnings forecast (F) for both


FY16 and FY17. Our TP is based on
19.5 times forward PER on FY16F
earnings reflects mean valuation.
MIDF Research, Sept 14

14 B R O K E R S C A L L

T HUR SDAY SEP TEM B ER 1 5 , 2 0 16 TH E EDGE F I N AN C I AL DAI LY

LBS Ijok project


to lift total GDV
to RM25 billion
LBS Bina Group Bhd
(Sept 13, RM1.72)
Maintain add with a higher target price of RM2: LBS Bina Group
Bhds subsidiary Kemudi Ehsan
Sdn Bhd (KESB) and Worldwide
Property Management Sdn Bhd, an
indirect subsidiary of Perbadanan
Kemajuan Negeri Selangor, have
entered into a development rights
agreement with the Selangor state
government (via Menteri Besar
Selangor Inc, MBI) to develop 10
parcels of leasehold land in Ijok.
Five of these parcels, measuring
470 acres (190.2ha), will be developed by KESB.
KESB will pay RM293 million
to MBI for the land parcels over a
development period of 12 years.
Based on a preliminary development plan, these land parcels
have a gross development value
(GDV) of RM1.83 billion, which lift
LBS GDV by 8% to RM25 billion. If
the actual GDV exceeds estimated
GDV, KESB will make an additional
payment of 5% of the differential
sum to MBI.
LBS will finance the acquisition
with internal funds and borrowings.
Its current net gearing level of 27%
could rise to 41% when this acquisition is completed.
We think there is a strong likelihood that KESBs GDV will exceed
RM1.83 billion as its GDV per acre
is only about RM3.9 million. KESBs
land parcels are next to Eco World
Development Group Bhds RM12.5
billion Eco Grandeur project which
has a GDV per acre of RM7.4 million. As for the land cost, KESBs

Volume outlook for Westports


seen positive

LBS Bina Group Bhd


FYE DEC (RM MIL)

2014A

2015A

2016F

2017F

2018F

Total net revenues


668
Operating Ebitda
111.9
Net profit
69.9
0.14
Core EPS (RM)
(25.7)
Core EPS growth (%)
12.79
FD core PER (x)
0.09
DPS (RM)
5.38
Dividend yield (%)
8.87
EV/Ebitda (x)
57.71
P/FCFE (x)
15.0
Net gearing (%)
0.96
P/BV (x)
7.6
ROE (%)
CIMB/consensus EPS (x)

680
115.4
64.9
0.12
(14.5)
15.25
0.09
5.38
10.54
na
30.2
0.92
6.5
-

919
132.9
72.0
0.12
3.2
16.64
0.10
5.65
10.18
na
35.7
0.90
6.9
0.97

1,110
210.6
128.1
0.21
68.5
9.62
0.12
7.13
6.51
12.14
29.3
0.85
11.8
1.16

1,270
248.2
149.1
0.24
16.3
8.31
0.07
4.24
5.33
9.82
22.8
0.80
12.9
1.14

Source: Company data, CIMB forecasts

purchase cost is RM14.3 per sq ft,


higher than Eco Worlds purchase
cost of RM12.3 per sq ft. Still, we
believe KESBs cost is fair as the
land parcels being purchased are
categorised as for building purposes while Eco Worlds is for agricultural purposes.
This is LBS second major land
acquisition for 2016 following the
acquisition of 638-acre bumiputra reserved land in Dengkil in
August. These two projects will
be developed into mass-market
townships and could potentially
contribute about RM500 million
of sales per annum. We expect
LBS to launch these townships
by mid-2017, which could lift the
groups sales next year to more
than RM1.2 billion, its target for

2016. We make no changes to our


earnings forecasts pending more
information about its development plans.
We continue to value LBS based
on 40% discount to its revised net
asset value (RNAV). This is wider
than the 20% valuation discount
we attach to other top-tier developers as LBS has a shorter track record in landbanking and achieving
consistent sales growth compared
with big developers. This acquisition could narrow the discount if
its development is well executed.
LBS remains an add with stronger sales as potential rerating catalyst. Deterioration of sentiment
on the property market is the key
downside risk to our call. CIMB
Research, Sept 13

Westports Holdings Bhd


(Sept 14, RM4.41)
Maintain hold with an unchanged
target price (TP) of RM4.40: The
third quarter ended Sept 30, 2016
(3QFY16) volume is likely to surprise on the upside again with a
high single-digit growth rate. Additionally, we note that the container
trade in Southeast Asia has shown
signs of improvement from April.
Our financial year ending Dec 31,
2016 (FY16) to FY18 earnings per
share (EPS) forecasts are raised by
5%/3%/3% as we raise our volume
growth assumption. Consequently,
our discounted cash flow-derived
TP is nudged up to RM4.40 (+2%;
weighted average cost of capital
[WACC]: 6.7%; 2025 to 2054 growth
rate: 2%). Maintain hold; stock
trades at 2017 price-earnings ratio
(PER) of 23 times, slightly above its
historical mean PER of 22 times.
For July to August, we expect Westports Holdings Bhd to
have posted a double-digit volume growth riding on its existing customers organic growth
and the upscaling activities at
the port. However, volume may
slow in September given the higher base. Hence, we think Westports 3QFY16 volume could

rise by a high single digit yearon-year (but potentially flattish


quarter-on-quarter). We also understand that neighbouring port,
Northport, has also benefitted
from the spillover volume from
Westports due to congestion at
Westports.
Hanjin Shipping Co Ltd, which
had just filed for receivership,
accounted for just 2.5% of Westports total container volume in
first half of 2016. As the bulk of
Hanjins volume at Westports was
local (rather than transhipment)
and the other liners at Westports
have increased their services to
fill the void, we believe this local
volume would remain at Westports. While we suspect some
of the receivables from Hanjin
Shipping could be irrecoverable,
it would most likely be immaterial to Westports.
Westports throughput year to
date has surprised us on the upside and we also note that the container trade in Southeast Asia has
stabilised since April.
The commencements of the
Ocean Alliance from 2QFY17 may
see the continuation of ad hoc
moves at Westports. Maybank
IB Research, Sept 14

Westports Holdings Bhd


FYE DEC (RM MIL)

2014A

2015A

2016E

2017E

2018E

Revenue
Ebitda
Core net profit
Core EPS (sen)
Core EPS growth (%)
Net DPS (sen)
Core PER (x)
P/BV (x)
Net dividend yield (%)
ROAE (%)
ROAA (%)
EV/Ebitda (x)
Net gearing (%)(GAAP)
Consensus net profit
MKE vs consensus (%)

1,503
801
512
15.0
17.7
11.3
29.2
8.5
2.6
30.4
13.8
15.2
40.0
-

1,578
869
505
14.8
(1.4)
11.1
29.7
7.9
2.5
27.6
12.8
17.0
39.7
-

1,749
984
626
18.4
24.0
13.8
23.9
7.3
3.1
31.7
15.0
16.5
59.4
615
1.8

1,812
1,051
649
19.0
3.7
14.3
23.1
6.8
3.3
30.4
14.9
15.3
52.2
636
2.0

1,917
1,114
646
18.9
(0.5)
14.2
23.2
6.3
3.2
28.1
14.3
14.2
37.3
649
(0.5)

Source: Maybank IB Research

Parkson to make gain of RM300m from divesting subsidiary


THE EDGE FILE PHOTO

Parkson Holdings Bhd


(Sept 14, 81 sen)
Maintain underperform with
an unchanged target price of
70 sen: Parkson Holdings Bhds
54.67%-owned Parkson Retail
Group Ltd (PRGL) is divesting a
wholly-owned subsidiary (disposal
property) and the relevant shareholders loan for a combined total
cash consideration of RM1.4 billion.
The sales and purchase agreements
are divided into: an equity consideration for RM1 billion, and subsequently selling the loan for RM396
million. PRGL is expected to register
a gain of RM549 million of which
Parksons 54.67% effective stake is
RM300 million or 28 sen per share.
For illustration purposes, Parkson Holdings book value per share
is expected to rise by 13% from
RM2.38 to RM2.68 as at June 30,
2016.
The wholly-owned subsid-

Parkson Holdings Bhd


FYE JUNE (RM MIL)

iary owns a property located in


the Chaoyang district of Beijing
and comprises seven levels above
ground for commercial use and
three levels underground, which
are principally used as car parking
spaces. The unaudited net book
value of the disposal property was
RM628 million as at July 31, 2016.
We maintain our earnings forecast
as this store registered a small prof-

Turnover
PBT
Core net profit/(loss)
Consensus (NP)
EPS (sen)
EPS growth (%)
NDPS (sen)
BV/Share (RM)
PER (x)
P/BV (x)
Net gearing (%)
Dividend yield (%)

2015A

2016A

2017E

3,738.2
52.8
80.7
7.4
(56.1)
4.3
2.43
10.6
0.3
N cash
5.5

3,883.7
(87.5)
(89.5)
-8.3
(212.5)
6.0
2.28
nm
0.3
N cash
7.7

3,483.3
(87.3)
37.4
84.0
3.4
(141.2)
6.0
2.25
22.8
0.3
N cash
7.7

Source: Kenanga Research

it of RM800,000 in financial year


ended June 30, 2015.
This latest corporate development by Parkson is positive and
came in as a pleasant surprise to

the market. More importantly, this


latest move is seen as a positive
step in its efforts to eradicate stores,
which are loss-making and a drag to
earnings. The disposal also means

that the group can cease to invest


resources in a business operation
which had been loss-making and
thus liberalising resources of other
business operations of the group.
There are plans to close the FMI
Centre (Myanmar), where the store
is located, for redevelopment and
the impending closure has affected
sales. However, the landlord has not
confirmed the timing for redevelopment. Looking ahead, we expect
Parkson to continue facing a tough
operating environment on the back
of weak consumer sentiment due
to the economic slowdown. Coupled with intense competition from
online shopping and oversupply of
retail space, we believe it will take a
longer period of time for Parkson to
reverse its declining trend in same
store sales growth. No change to our
earnings forecast. Our target price
is 70 sen. Reiterate underperform.
Kenanga Research, Sept 14

H O M E 15

THU R S DAY S E P T E MB E R 1 5 , 20 16 T HE ED G E FINA NCIA L DA ILY

Health ministry to meet Fatwa


Council on Zika issue
Seeks national consensus on abortion for mothers infected with the virus
PUTRAJAYA: The health ministry will
hold discussions with the National
Fatwa Council next week on a unified
stand on abortion for mothers infected with Zika virus which is linked to
the birth defect microcephaly.
Its minister Datuk Seri Dr S Subramaniam said the cabinet had
instructed the ministry to discuss
the matter with the fatwa council
for a national consensus on how
to deal with the issue.
He said so far, only one mufti
had come forward to clarify the
matter, and the existing law in the

country only allows abortion if a


mothers life is at risk.
There have been suggestions
from the cabinet, for the fatwa
council to deliberate on the issue,
and to also obtain medical and
scientific input from us and come
to a national consensus.
Once there is [a] national consensus, the scientific components
and medical fraternity will sit down
together and come out with the advice based on the discussions, he
said at his weekly press conference
here yesterday.

Dr Subramaniam was asked to


comment on the Federal Territory
muftis approval for abortion for pregnant mothers infected with Zika virus.
On another development, Dr
Subramaniam also said that the
health ministry had identified two
types of Zika virus strains, French
Polynesia and Micronesia, resulting
in a total of six cases in the country so far.
He said the French Polynesia
type of virus was similar to that
found in Brazil and Singapore,
while the other was a local strain

(Micronesia) from an earlier case


recorded in the country.
The results were obtained from
tests carried out on the first two infected patients in Taman Botani,
Klang, and Likas, Sabah, he said.
The first Zika case involved a
58-year-old woman from Klang
who had contracted the disease
in Singapore, while the second
case was a man, who died from
heart-related complications.
Dr Subramaniam said that between Sept 1 and yesterday, the
ministrys monitoring had detect-

ed 79 people with symptoms of


Zika but their blood and urine tests
showed negative.
The symptoms of Zika infection
include fever, rashes, joint pain,
conjunctivitis (red eyes), muscle
pain, headache, pain behind the
eyes and vomiting.
To date, he said the ministry
and local authorities had inspected
3,543 houses, most of which were
located near the six reported cases, besides conducting larviciding,
fogging and other vector-control
measures. Bernama

Anina withdraws bid to appeal


against her expulsion from Umno

HOME RUN ... Anita Yusof, a lecturer at the Teachers Training Institute in Ipoh is seen riding her motorcycle in Bangkok on

the last lap of her globetrotting journey. Her 65,000km odyssey, which will make her the rst Muslim woman to ride solo around the
world, is due to end tomorrow in Bukit Kayu Hitam. Photo by Bernama

Review of Malaysia Agreement


will strengthen nation
KOTA KINABALU: The move to
review the 53-year-old Malaysia
Agreement will strengthen the
nation, said Sabah Youth and
Sports Minister Datuk Tawfiq Abu
Bakar Titingan.
He said it also showed the governments willingness to build the country based on what it originally aspired
to be, besides quelling the grouses of
people at the grass-roots level.
We are quite happy that the federal government is receptive to the
idea of revisiting what are the [peoples] rights that have been eroded,
or that have not been put out [in the
Federal Constitution], or may have
been overlooked.
Nobody has ever come out
with [specific] details of the peoples rights [outlined in the Malaysia Agreement] and I think we

should seize the opportunity to do


so through the technical committee
set up to study this matter, he told
Bernama here yesterday.
In June, a technical committee, co-chaired by Minister in the
Prime Ministers Department Nancy
Shukri, from Sarawak, and Foreign
Minister Datuk Seri Anifah Aman,
from Sabah, was formed to study the
devolution of power to both states.
The committee would work on
identifying issues of non-compliance in the context of the Inter-Governmental Committee Report, Malaysia Agreement 1963, Malaysia Act
1963 and the Federal Constitution,
as well as the Cobbold Commission
Report, and to provide recommendations and solutions for the federal
government to consider.
Tamparuli assemblyman Datuk

Wilfred Bumburing said the review


of the Malaysia Agreement was long
overdue, as it should have been done
10 years after the countrys formation.
Nevertheless, he was pleased
that the government was addressing
the peoples grouses by forming the
technical committee.
Political differences aside, Sabah
PKR secretary Datuk Maijol Mahap
acknowledged that the oppositions
call to review the Malaysia Agreement was a show of love towards
the country.
However, with the surge of information through social media
platforms, he said, the government
needed to be swift in addressing
the peoples unhappiness, especially about their rights which they
believed were not being fulfilled.
Bernama

PUTRAJAYA: Former Langkawi


Wanita Umno member Anina
Saadudin has withdrawn her application to seek leave to appeal
to the Federal Court against her
expulsion from the political party.
Her counsel, Mohamed Haniff Khatri Abdulla told reporters
that he filed a notice of discontinuance of the application last
Thursday.
He said the reason for the
withdrawal was that it would
be academic for Anina to pursue the application because the
remedy for a reinstatement as
Umno member was no longer
available to her.
Mohamed Haniff said this
was because Anina was already a
committee member of the newly
formed political party, PPBM.
At a press conference on Aug
24, Anina announced she was
withdrawing all her civil suits
which were filed in her capacity

as Umno member as she would


be fighting through a new platform, that is PPBM.
Anina had sued Umno secretary-general Datuk Seri Tengku Adnan Tengku Mansor and
Umno executive secretary Datuk
Ab Rauf Yusoh over her expulsion
from Umno.
She lost her case at the High
Court, which allowed an application by Prime Minister Datuk
Seri Najib Razak and Ab Rauf to
strike out the lawsuit.
It ruled that it had no jurisdiction to hear her dispute in the
party as it was clear that Section
18C of the Societies Act 1966 did
not permit the court to adjudicate on the dispute pertaining to
Aninas membership in Umno.
The Court of Appeals threeman bench chaired by Justice Datuk David Wong Dak Wah upheld
the High Court decision on April
21 this year. Bernama

Bersih 2.0 to launch nationwide convoy


on Oct 1 leading up to Bersih 5 rally
KUALA LUMPUR: Bersih 2.0, the
coalition for clean and fair elections, will launch a nationwide
convoy on Oct 1, which will culminate in a Bersih 5 rally on Nov 19.
Noting the political and corruption crisis involving 1Malaysia
Development Bhd (1MDB), the
coalition reiterated its demand
for Prime Minister Datuk Seri Najib Razak to resign immediately
to allow for independent investigations.
The coalition said however that
the root cause of the political crisis and 1MDB scandal is the failure of the democratic system and
institutions. Therefore, Bersihs
demands go beyond the 1MDB
issue and the resignation of Najib,
the Bersih 2.0 steering committee
said in the statement.
Bersih 2.0 believes that not

protesting is not an option, it


said in a statement yesterday.
The Bersih convoy will take seven weeks to complete before converging in Kuala Lumpur, it said.
Bersih torches will be passed from
town to town, and from village to
village in a relay format. Various activities will be carried out including
leafleting, talks, and conversations
with citizens, the statement said.
The convoy is estimated to
cover 246 cities, towns, and villages across Peninsular Malaysia,
Sabah, and Sarawak. The Bersih
convoy will ultimately culminate
in a one-day Bersih 5 rally on Nov
19 in Kuala Lumpur.
Bersihs tagline Satukan Tenaga Malaysia Baru also marks
the 10th anniversary of Bersihs
formation as a peoples movement, it said.

16 FO CU S

T HUR SDAY SEP TEM B ER 1 5 , 2 0 16 TH E EDGE F I N AN C I AL DAI LY

PHOTOS BY BLOOMBERG

01

02

How Mitsuoka makes


unique handmade cars
Youve probably never seen one, because if
you had spotted a Mitsuoka Motor car on
the road, youd remember it. Hand-adapted
from base engines and chassis made by other
Japanese automakers like Mazda and Nissan,
these automobiles end up looking a little akin
to warped, futuristic versions of luxury cars
from several dierent countries. But in truth,
theres nothing like them in the world.

03

BY C H R I S ROVZA R

ould you like to drive


something that looks
like a Rolls-Royce but
is just different enough
that it will make even a
diehard Rolls fan raise
his eyebrows? Then you may want to consider
a Ryugi by Mitsuoka Motor an automaker
based in Toyama, Japan. The Ryugi looks like
a Rolls-Royce, but it has a smoother edge to
it. And, more important, it runs on a Toyota
engine, is offered with a hybrid option, and

costs under US$40,000 (RM165,200).


The manufacturers suggested retail price
for a base-model Rolls-Royce Phantom is
US$417,000.
Now, the two cars arent comparable. The
performance and luxury that come with a
Phantom is second to none. But Mitsuoka
isnt trying to compete with, or replace, the
cars from which it draws inspiration. Rather, it hopes to appeal to a hip clientele that
wants to drive something that stands out.
Our priority is design, not cutting-edge
functions, says president Akio Mitsuoka. It
has to be cool. It has to be cute. It has to be

adorable. Just like fashion. Of course there


are many cool and cute cars on the streets,
but ours are different.
And the handcrafting is a key element to
what makes a Mitsuoka stand out, he adds.
It takes time. We use machines in the process, but we have to use a human touch to
make sure the surface is perfectly smooth
at the end, he says. We depend heavily on
individual craftsmanship. Its our big headache securing the right people over the long
term. I must admit we have low productivity. I believe the more time we spend, the
better product we can make. Bloomberg

01. Mitsuoka Galue ... Katsuo Saiki


polishing a completed Mitsuoka
Galue, which looks like a Rolls-Royce
but is built around a 2.5-litre, in-linefour engine made by Nissan.
02. Design ... A chief designer and
manager of Mitsuoka Motor drawing
a concept design. Whimsy and
attractiveness are of paramount
importance.

FO CU S 17

THU R S DAY S E PT E MB E R 1 5 , 20 16 T HEED G E FINA NCIA L DA ILY

04

05

06

03. Mitsuoka Himiko ... A completed Mitsuoka


Himiko, which is named after a legendary
shaman queen of Yamataikoku an
ancient country in Japan. The Himiko is a
two-door convertible built around a Mazda
engine.
04. Tools ... These are the tools the craftsmen
use to assemble and perfect the new cars.
05. The trunk view ... A welder attending to the
interior of a car body.

07

08

06. The logo ... A worker applying the Mitsuoka


logo to the Viewt.
07. Near completion ... Workers checking out
a recently painted car after the body and
chassis are combined.
08. Final check ... A worker checking the
condition of cars at the factory of Mitsuoka
Motor.
09. Multiple Viewts ... The pastel colours add
to the cute factor for Mitsuoka fans.

09

This new US$150,000 platinum watch is a big step for Vacheron Constantin
BY J UST I N M A ST I NE- FROST

ITS been a busy year for Swiss watchmaker


Vacheron Constantin. It overhauled its popular Overseas collection to acclaim among
fans, and it launched the North American
boutique-edition Traditionnelle Day-Date
and Power Reserve. And that was on top of
releasing the most complicated watch of all
time in late 2015.
Last Tuesday, the brand announced an
innovation in its production repertoire: a
US$150,000 (RM619,500) platinum watch
that is an update to an elegant, popular
timepiece it has been making since 2010.
The Traditionnelle Chronograph Perpetual Calendar has won over fans for its complexity and innovation: It shows the date,
moonphase, month, and day of the week,
and it can even handle the bump of a leap
year all while offering the timing capability of a chronograph watch. (For non-watch
aficionados, a reminder: All of this is possible
without electricity; the wearer just needs to
wind the watch once every couple of days
to get all this.)
But none of that is new. Whats fresh with
this version of the watch is that the movement the internal machinery that literally
makes it tick is being built for the first time

PHOTOS BY VACHERON CONSTANTIN

by Vacheron itself. Previously, the storied


brand had bought movements for these
watches from the Swiss manufacturer Lemania, which is owned by the Swatch Group.
But ever since 2011, Swatch started slowing down the supply of movements to third

parties and this has had a serious ripple effect. Many Swiss brands rely on Swatch-produced workings to power their timepieces.
Vacheron has since been toiling away at its
own manufacture, putting self-made movements in more of watches, and this latest in-

house effort is its best yet, according to the


press materials the company has sent out.
Being a perpetual calendar, the updated model can account for leap years and
accordingly remain accurate right through
until March 1, 2100 without adjustment.
And in this update, Vacheron has added a
tachymeter ring outside the minute track, as
well as black day and month wheels to make
time-telling more legible, which answers
complaints about the previous model. To
improve on its overall accuracy over the past
modified movement, its oscillating frequency has bumped up to 3Hz, rather than 2.5.
Mechanics aside, this platinum gem is
no slouch in the visuals department. Playing the subtle shades of grey card, a sleek,
dark-slate opaline dial is contrasted by silver
accents on its subdials. A beautifully decorated 22-carat, white gold moonphase indication disc provides a stunning focal point on
an otherwise understated design. The case
is 43mm and made of polished platinum.
Perpetual calendars especially perpetual calendar chronographs are hugely
collectible when youre talking brands such
as Vacheron and Patek Philippe, and this is
the kind of watch thatll end up commanding
even bigger dollars when it rolls across the
auction block in 40 or 50 years. Bloomberg

18 H O M E

T HUR SDAY SEP TEM B ER 1 5 , 2 0 16 TH E EDGE F I N AN C I AL DAI LY

Strive to create a
peoples Asean
Leaders should be more proactive to prevent Brexit-like event
KUALA LUMPUR: Asean leaders
should be more proactive by implementing public awareness campaigns about the Asean community
to prevent a Brexit-like event, said
a local academic.
Prof Emeritus Datuk Dr Abdul
Rahman Embong of Universiti
Kebangsaan Malaysias Institute
of Malaysian and International
Studies said the people in Asean
countries do not have sufficient
knowledge about the regional bloc,
making the implementation of its
objectives problematic.
They do not know enough
about this community, be it from
the economic, sociocultural or other aspects, and their own stake in
its objectives.
Brexit came about because the

people of Britain did not internalise the spirit of the EU (European


Union). In the Asean community,
we want the people to reflect the
Asean spirit, he told reporters at
the Asean Economic Integration
Forum 2016 here yesterday.
There exists a wide gap between
the aspirations of Asean leaders
and what the people understand,
he said.
Earlier in his keynote speech,
he called for a shift from the existing top-down state-centred elitist
approach towards one that draws
strength from the vision, wisdom
and imagination from the people
below.
A peoples Asean will ensure the
sustainability of the community,
for it nurtures a sense of ownership

and of sharing a common future.


For this to happen, a change of
mindset is necessary both among
the elite and the people, he said.
He also called for further
strengthening and broadening of
the social architecture, saying it is
crucial for the Asean community
besides official state and business
networks.
Relevant social institutions in
society need to be identified and
mobilised. Universities in Asean
as well as the Asean media are key
players in building and extending
the social architecture.
The family and schools are also
essential parts of this social architecture to nurture young minds in
building our tomorrow today, he
said. Bernama

Mkini Dotcom loses bid to appeal


over replacement of judge
PUTRAJAYA: Online news portal
Mkini Dotcom Sdn Bhd and two of
its editors failed in their bid to get
leave to appeal against a directive
by the Chief Judge of Malaya, for
a High Court judge who has been
transferred to Seremban, to hear
a libel suit filed against them by
Prime Minister Datuk Seri Najib
Razak.
A three-member bench of the
Federal Court chaired by Chief
Judge of Sabah and Sarawak Tan
Sri Richard Malanjum unanimously dismissed the application of leave to appeal brought by
Mkini Dotcom, its editor-in-chief
Steven Gan and chief editor Fathi
Aris Omar.
He said the applicants failed to
satisfy the requirement of Section
96 of the Courts of Judicature Act
1964, which states that there must
be novel legal questions for the
Federal Court to decide.
Mkini Dotcom, Gan and Fathi
Aris sought leave to appeal against
the decision of a High Court to dismiss their bid for leave to com-

mence a judicial review to challenge the decision of Chief Judge


of Malaya Tan Sri Zulkefli Ahmad
Makinudin in maintaining Judge
Datuk Wira Kamaludin Md Said
despite his transfer to Seremban
to hear Najibs lawsuit.
Malanjum ordered Mkini Dotcom, Gan and Fathi Aris to pay
RM10,000 in costs.
Presiding with him were Justices Tan Sri Ahmad Maarop and Tan
Sri Ramly Ali.
Najib, who is suing in his personal capacity, and Umno executive secretary Datuk Ab Rauf Yusoh filed the libel suit against the
applicants over a series of readers
posts published on their website.
The lawsuit centred on two articles published by Malaysiakini on
the www.malaysiakini.com portal on May 14, 2014, which they
claimed had marred their reputation and sparked allusions that
Umno was incompetent as a political body and backbone of Barisan
Nasional.
Mkini Dotcom, Gan and Fathi

Aris had applied in the High Court


to recuse Kamaludin from hearing
the lawsuit but it was rejected.
They then commenced a judical
review, seeking a certiorari order to
quash the Chief Judge of Malayas
directive to appoint Kamaludin to
hear the lawsuit.
However, the High Court refused
to grant leave to the applicants to
file the judicial review and they
also lost their appeal in the Court
of Appeal.
The applicants claimed that
there was no legal basis for Kamaludin, who was transferred to
the Seremban High Court on Jan 1
last year, to hear the lawsuit.
Prior to this, the judge served in
the Kuala Lumpur Civil High Court.
Lawyer Datuk Malik Imtiaz Sarwar, representing the applicants,
told reporters the Court of Appeal
had set Oct 4 for hearing of the appeal by Mkini Dotcom, Gan and
Fathi Aris over the High Courts
dismissal of their application to
recuse Kamaludin from hearing
the lawsuit. Bernama

Sabah Wildlife Department personnel attempting to rescue one of the elephants


that was trapped in a mud pool near a logging camp in Tawau, Sabah yesterday.
Photo by Bernama

Five of nine elephants stuck in mud


pool dead Sabah wildlife director
TAWAU: Five of nine elephants
found stuck in a mud pool near
the Berkat Saga Logging Camp in
Rinukut on Saturday were dead,
said Sabah Wildlife Department
director Augustine Tuuga.
He said the elephants were believed to have been stuck in the
pool for a week before they were
discovered.
The Tawau Wildlife Office and
the Wildlife Rescue Unit had carried out their mission to rescue
the elephants, but when they arrived, five of the elephants were
found dead.
With the aid of heavy machinery from the Berkat Saga Logging
Camp, two adult elephants which
were still strong were removed
from the pool, while two others

had to be euthanised to prevent


them from suffering further as
they were very weak, dehydrated
and blind, he said in a statement
here yesterday.
Augustine said from investigation conducted and the post-mortem report, no element of crime
was involved in the death of the
elephants concerned.
The elephants could have
possibly gone into the mud pool
to cool themselves and bathe,
but had not expected the depth
and consistency of the mud, like
quicksand in the pool, and could
not get out, he added.
He said the mud pool, where
the elephants were trapped, had
been covered with soil to prevent
a similar incident. Bernama

LCCH oers self-development


programme to corporate clients
KUALA LUMPUR: A self-development programme designed to
help managers, leaders and employees make work a positive and
empowering experience is being
offered to corporate clients here
beginning next month.
The Coaching and Communication certificate course presented
by the London College of Clinical
Hypnosis (LCCH) aims to help
participants create better working
environments, provide insights
that identify problem behaviour
and include the skills necessary
to do something about it.
The programme, held over
three weekends, is hands-on and
designed to empower managers to
bring new tools to the workplace,
the college said in a statement.
Participants are introduced to the
art of productive relaxation, it said.

The course draws from the


LCCH faculty, and includes international presenters from Europe
and Asia. Participants are ensured
an exciting and varied presentation from corporate trainers, relaxation specialists and medical
professionals, the statement said.
The programme will be held at
Universiti Malaya on Oct 15 and
16, Nov 19 and 20, and Dec 17 and
18. An early-bird fee of RM3,710
inclusive of goods and services
tax (GST) applies if payment is
made by Sept 23.
A full fee of RM4,240 inclusive
of GST will be charged if payment
is made by Oct 10.
For more information, contact
the LCCH on (03) 7960 6439, email
info@lcch-asia.co.uk or Pauline.
yeong@lcch.co.uk, or visit www.
lcch-asia.

Utusan Melayu fails to get leave to appeal over former Perak menteri besars suit
PUTRAJAYA: Former Perak menteri besar Datuk Seri Mohammad
Nizar Jamaluddin is expected to
get RM250,000 in damages in a
defamation suit over the WWW1
number plate bought by the Johor Sultan.
This follows a decision of the
Federal Courts three-man bench
led by Chief Judge of Sabah and
Sarawak Tan Sri Richard Malan-

jum to dismiss Utusan Melayu


(M) Bhds application to obtain
leave to appeal.
Utusan Melayu sought leave to
appeal to the Federal Court against
a High Court decision, which had
allowed Mohammad Nizars lawsuit and ordered the publisher of
the Malay newspaper to pay him
damages.
The panel, which also included

Justices Tan Sri Ahmad Maarop


and Tan Sri Ramly Ali, ordered
Utusan Melayu to pay RM10,000
costs.
Mohammad Nizar sued Utusan
Melayu over the publication of an
article in its newspaper, Utusan
Malaysia, on Mohammad Nizars
Twitter comments regarding the
Sultan of Johors RM520,000 bid
for registration number WWW1.

In his statement of claim, Mohammad Nizar said he posted a


statement on May 28, 2012 on
the vehicle number plate on his
Twitter account, which was subsequently published by the daily
on May 31, 2012.
On July 4, 2013, the High Court
in Kuala Lumpur found Utusan
Melayu liable of defaming Mohammad Nizar and ordered the

company to pay him RM250,000 in


general and exemplary damages.
The Court of Appeal upheld the
decision on Dec 6, 2013, prompting
Utusan Melayu to bring the matter
up to the Federal Court.
Datuk Mohd Hafarizam Harun represented Utusan Melayu,
while lawyers Asmuni Alwi and
Mohd Fitri Asmuni appeared for
Mohammad Nizar. Bernama

COMMENT 19

THU R S DAY S E P T E MB E R 1 5 , 20 16 T HE ED G E FINA NCIA L DA ILY

The closing of the world economy


Globalisations greatest champions have been rolling it back steadily since the global financial crisis
BY SAT YA JI T DA S

undits and policymakers everywhere are bemoaning the rise of a


new, inward-looking
populism. Led by the
likes of Donald Trump
and Nigel Farage, those who have
felt only globalisations ill effects,
not its benefits, have mounted a
fierce counterattack. Border-hopping elites fret that the whole process
of opening up and knitting together the world through trade, capital
flows and immigration may soon
go into reverse.
They are missing the point. Support for freer trade and greater openness had in fact begun to falter well
before economic nationalists like
Trump and Farage took centre stage.
The same governments that count
themselves among globalisations
greatest champions have been rolling it back steadily since the global
financial crisis.
Their excuses are innocent-sounding and several: to protect national industries and iconic
businesses; to secure export markets
and competitive advantage; and
above all, to prop up employment
and incomes.
Despite oft-repeated warn-

ings about avoiding the beggar-thy-neighbour policies of the


1930s, these governments allowed
global trade talks the so-called
Doha Round to stall as early as
2008. Nations including the US have
instead pursued narrower bilateral
and regional deals where they do not
have to satisfy so many different negotiating partners and can continue
to protect key sectors. If these pacts
are better than nothing, they more
or less foreclose the possibility of
a more ambitious multilateralism.
Meanwhile, between 2009 and
2015, three times as many discriminatory trade measures were introduced as liberalising ones. In the
first 10 months of 2015 alone, the
latest Global Trade Alert database
recorded 539 such initiatives adopted by governments worldwide that
harmed foreign traders, investors,
workers or owners of intellectual
property a record.
Efforts to control trade flows have
grown increasingly sophisticated.
Most governments no longer impose
tariffs or other crude roadblocks that
would violate World Trade Organization rules. Instead countries from the
US with the auto bailouts to the
UK, China, Brazil, Canada and several
EU members have funnelled aid to domestic industries. State procurement
rules which in China, say, forbid
buying strategic and defence technology from abroad favour domestic

suppliers, as do buy local campaigns


like the ones launched since 2009 in
the US, UK and Australia.
New safety and environmental standards have served as well
to block foreign products. The US
long-running resistance to Mexican
trucks, based in part on safety and
environmental concerns, was one
egregious example. The restrictions
many countries place on various
food imports are another.
Financial policy has become a
trade weapon. In the US, Europe,
the UK and Japan, a combination of
artificially low interest rates, quantitative easing and direct intervention
in money and foreign-exchange markets have implicitly targeted currency
levels to gain a competitive advantage. Devaluation has reduced the
purchasing power of foreign investors
holding the devaluing nations debt.
Volatile and potentially destabilising inflows have prompted countries as varied as Switzerland, China,
Brazil, South Korea and India to restrict capital in one form or another something the International
Monetary Fund has implicitly endorsed, reversing years of economic
orthodoxy. Several places, including
Canada, Hong Kong, Singapore and
Australia, have introduced special
taxes or other restrictions on overseas property buyers.
Nations such as Spain and Portugal with high levels of debt have

sought to channel funds domestically to support financial institutions


and economic activity. The US, UK,
the eurozone countries and others
have used regulations and political
pressure to encourage banks and investors to adopt patriotic balance
sheets, purchasing national government bonds or prioritising lending
to domestic borrowers. According
to Standard and Poors, banks have
doubled their holdings of their own
states debt since 2008.
The underlying drivers behind
these trends are clear. In an environment of tepid economic growth,
governments have good reason to try
and maximise their share of a shrinking pie. At the same time, countries
that face painful structural adjustments have been reluctant to bear
the pain. Nations such as China,
Germany and Japan have resisted
abandoning an economic model reliant on export-driven growth, placing
pressure on their trading partners.
Governments have grown frustrated with the way globalisation undercuts the effectiveness of national
policies: Fiscal expansion designed
to support domestic demand, for instance, may be dissipated through
financial leakage, boosting imports
rather than promoting domestic activity. Rivals are able to undermine
domestic tax policies, as Irelands
attempts to lure companies such
as Apple have shown.

All this was true before the US


presidential campaign gained steam
and Britons voted to leave the EU.
Now that major party leaders in the
US and UK have positioned themselves as champions of the dispossessed, railing against trade and
threats to national economic sovereignty, what were once surreptitious anti-globalisation efforts have
simply gained new legitimacy.
The process threatens to gain
an unstoppable momentum. Already the suspicion of global trade
talks has spread to all trade deals:
The US-led Trans-Pacific Partnership is on life support, while its
transatlantic counterpart appears
stillborn. Policies such as negative
interest rates will require progressively tighter controls to prevent
capital flight.
Governments have done enough
damage already. Unless they can
quickly recover the cooperative spirit
they demonstrated in response to the
financial crisis and convince voters
of their ability to ensure an equitable
sharing of the benefits and costs of
globalisation a difficult task at the
best of times tomorrows economies are certain to be even less open
than todays. Bloomberg

Moreover, cash payments by


employers to undocumented workers are a principal driver of illegal
immigration. Scaling back the use
of cash is a far more humane way
to limit immigration than building
barbed-wire fences.
If governments were not so
drunk from the profits they make
by printing paper currency, they
might wake up to the costs. There
has been a little movement of late.
The European Central Bank recently announced that it will phase out
its 500 mega note. Still, this long
overdue change was implemented against enormous resistance
from cash-loving Germany and
Austria. Yet even in northern Europe, reported per capita holdings
of currency are still quite modest
relative to the massive outstanding

supply in the eurozone as a whole


(over 3,000 per capita).
Southern European governments,
desperate to raise tax revenue, have
been taking matters into their own
hands, even though they do not
control note issuance. For example,
Greece and Italy have been trying
to discourage cash use by capping
retail cash purchases (at 1,500 and
1,000, respectively).
Obviously, cash remains important for small everyday transactions,
and for protecting privacy. Northern European central bankers who
favour the status quo like to quote
Russian novelist Fyodor Dostoevsky:
Money is coined liberty. Of course,
Dostoevsky was referring to life in
a mid-nineteenth century czarist
prison, not a modern liberal state.
Still, the northern Europeans have
a point. The question is whether the
current system has the balance right.
I would argue that it clearly does not.
A plan for reining in paper currency should be guided by three
principles. First, it is important to
allow ordinary citizens to continue
using cash for convenience and to
make reasonable-size anonymous
purchases, while undermining the
business models of those engaged
in large, repeated anonymous
transactions on a wholesale level. Second, any plan should move
very gradually (think a decade or

two), to allow adaptations and midcourse corrections as unexpected


problems arise. And, third, reforms
must be sensitive to the needs of
low-income households, especially
those that are unbanked.
In my new book, The Curse of
Cash, I offer a plan that involves
very gradually phasing out large
notes, while leaving small notes
(US$10 and below) in circulation
indefinitely. The plan provides
for financial inclusion by offering
low-income households free debit accounts, which could also be
used to make government transfer
payments. This last step is one that
some countries, such as Denmark
and Sweden, have already taken.
Scaling back paper currency
would hardly end crime and tax
evasion; but it would force the underground economy to employ riskier and less liquid payment devices.
Cash may seem like a small, unimportant thing in todays high-tech
financial world, but the benefits
of phasing out most paper currency are a lot larger than you might
think. Project Syndicate

This column does not necessarily reflect the opinion of the editorial board
or Bloomberg LP and its owners.

The case against cash


BY KEN N ET H ROGOFF

THE world is awash with paper currency, with major country central
banks pumping out hundreds of
billions of dollars worth each year,
mainly in very large denomination notes such as the US$100 bill
(RM413). The US$100 bill accounts
for almost 80% of the USs stunning
US$4,200 per capita cash supply.
The 10,000 note (about US$100)
accounts for roughly 90% of all Japans currency, where per capita
cash holdings are almost US$7,000.
And, as I have been arguing for two
decades, all this cash is facilitating
growth mainly in the underground
economy, not the legal one.
I am not advocating a cashless
society, which will be neither feasible nor desirable anytime soon.
But a less-cash society would be a
fairer and safer place.
With the growth of debit cards,
electronic transfers, and mobile
payments, the use of cash has long
been declining in the legal economy, especially for medium and
large-size transactions. Central
bank surveys show that only a small
percentage of large-denomination
notes are being held and used by

ordinary people or businesses.


Cash facilitates crime because it
is anonymous, and big bills are especially problematic because they
are so easy to carry and conceal. A
million dollars in US$100 notes fits
into a briefcase; a million dollars in
500 (RM2,315) notes (each worth
about US$565) fits into a purse.
Sure, there are plenty of ways to
bribe officials, engage in financial
crime, and evade taxes without
paper currency. But most involve
very high transaction costs (for example, uncut diamonds), or risk of
detection (say, bank transfers or
credit card payments).
Yes, new-age crypto-currencies
such as Bitcoin, if not completely
invulnerable to detection, are almost
so. But their value sharply fluctuates,
and governments have many tools
with which they can restrict their use
for example, by preventing them
from being tendered at banks or retail
stores. Cash is unique in its liquidity
and near-universal acceptance.
The costs of tax evasion alone are
staggering, perhaps US$700 billion
per year in the US (including federal,
state, and local taxes), and even more
in high-tax Europe. Crime and corruption, though difficult to quantify,
almost surely generate even greater
costs. Think not just of illegal drugs
and racketeering, but also of human
trafficking, terrorism, and extortion.

Kenneth Rogoff is professor of economics at Harvard University. His


latest book, The Curse of Cash, has
just been published by Princeton
University Press.

20 W O R L D B U S I N E S S

T HUR SDAY SEP TEM B ER 1 5 , 2 0 16 TH E EDGE F I N AN C I AL DAI LY

Global upstream O&G


spending to fall 24%
Showing little signs of improvement for 2017, says IEA
BY SU S A NN A T WI DA L E

LONDON: Global upstream oil and


gas (O&G) investments are expected to plummet 24% this year, with
little signs of improvement for 2017,
the International Energy Agency
(IEA) said yesterday.
This years dip will come on top
of a 25% drop in spending in the
sector recorded in 2015 with its total of US$583 billion, the IEA said
in a report.
The total fall exceeds US$300
billion over the two years an unprecedented occurrence, the report

Singapores
Marco Polo
Marine seeks
to delay bond
payment
BY A R ADHA NA A RAVI NDAN

SINGAPORE: Singapores Marco Polo, a marine logistics firm


that counts oil and gas firms as
clients, wants bondholders nod
to defer payment of notes worth
US$37 million (RM152.81 million), the latest oil-related firm
in the city state to show financial strain from crudes drop.
The offshore and marine
sector in Singapore has been
pummelled as clients have cut
spending due to oils slump. In
July, oilfield services firm Swiber
Holdings applied to place itself
under judicial management, after initially filing for liquidation.
And AusGroup, which provides maintenance and construction services to the natural
resources sector, has sought to
extend the maturity of its bonds
worth S$110 million (RM332.35
million) due next month.
Marco Polo Marine Ltd held
an informal meeting with noteholders to explore various options related to the maturity in
October of notes worth S$50
million and present an independent business review conducted by KPMG, the company
said in a statement on Tuesday.
It did not say why it wants to
delay the repayment of the notes
or defer it to when, but said that
noteholders present at the meeting appeared generally supportive of the companys initiative.
The company has adjourned
the meeting to tomorrow to allow noteholders to digest the
information presented by the
company, including the proposed terms of the extension,
and to receive further feedback
from them, it said. Reuters

said, adding two consecutive years


of reduced upstream O&G investment had not been seen for 40 years.
Furthermore, there are no signs
that companies plan to increase
their upstream capital spending
in 2017, it said.
A total of US$900 billion was invested in oil, gas and coal in 2015,
down 18% on 2014.
Total global investment in all
forms of energy fell 8% to US$1.8
trillion last year, the report said.
The largest drop in investment
came in the North American upstream O&G sector, which also

helped China to take top spot for


total energy investment after three
previous years of dominance by
the US. Oil prices have halved over
the past two years due to a glut of
production while global gas prices
have made a similar retreat.
The IEA said shrinking investment could help the markets to
rebalance.
At its current level, investment
may be insufficient to maintain
oil and gas production, indicating
tighter markets ahead. Oil markets
are likely to rebalance before gas
markets, with low-carbon invest-

ment putting a lid on gas demand,


the report said.
The IEA said on Tuesday, in a
separate report, the global crude
oil market would be over supplied
through at least the first six months
of 2017.
Investment in low-carbon renewable energy reached US$315
billion in 2015, making up 17% of
the total. Over 90% of the renewable
investment went to power generation technologies, with the rest going to solar, thermal heating installations and biofuels for transport,
the report said. Reuters

BoJ to make negative rates


centrepiece of future easing
BY LEIKA KIHAR A

TOKYO: The Bank of Japan (BoJ)


will consider making negative interest rates the centrepiece of future
monetary easing by shifting its prime
policy target to interest rates from
base money at its review next week,
sources familiar with its thinking say.
The change would underscore
growing concerns in the central
bank and financial markets over
the limits to the BoJs increasing
bond purchases, as more than three
years of aggressive buying is draining market liquidity.
It would also be a shift away from
the BoJs unique monetary experiment that attempted to crush yields
across the curve and try to convince
the public that its massive money
printing will boost economic activity and prices.
Among the BoJs policy tools,
the priority will likely shift more
towards interest rates and away
from huge bond purchases, said

SHANGHAI/SINGAPORE: Three
ships chartered to Hanjin Shipping
Co Ltd have been sold and two more
vessels are up for sale, shipbrokers
said yesterday, kicking off a fire sale
sparked by the failure of the worlds
seventh largest container shipper.
Around US$14 billion (RM57.82
billion) of cargo has been tied up
globally as ports, tugboat operators
and cargo handling firms worried
about not being paid refuse to work
for Hanjin, which filed for receivership in a Seoul court on Aug 31.
While some ships have been offloaded since then, bottlenecks are

Australia courts US,


Canada after rejecting
Chinese bids for Ausgrid
SYDNEY: North American bidders will not need an Australian
partner to bid for Australian
electricity distributor Ausgrid,
an adviser on the potentially
A$10 billion (RM30.84 billion)
deal said, after the government
rejected sole offers from Chinese interests. Canadian funds
such as Canada Pension Plan
Investment Board and Borealis
Infrastructure had this month
been advised during a roadshow
that they did not need Australian partners if they bid through
a consortium, the source told
Reuters. An investment banker
representing interested parties
said he also had heard from colleagues at the roadshow that no
Australian partners were necessary for North American bidders
acting through consortiums. It
was a surprise, he said, declining to be identified for reasons of
client confidentiality. Reuters

Thailand holds key rate


as economic recovery
gains momentum
BANGKOK: Thailands central
bank kept its benchmark interest rate unchanged for an
11th consecutive meeting, the
longest streak on record, as an
economic recovery continues to
gain momentum. The Bank of
Thailand held its one-day bond
repurchase rate at 1.5%, with
monetary policy committee
members voting unanimously in favour, it said in Bangkok yesterday. All but one of
the 23 economists surveyed
by Bloomberg News predicted the decision, with Moodys
Analytics Inc forecasting a 25
basis-point cut. Bloomberg

ChemChina seals
combination of Israels
Adama with Sanonda
A lepic of the Bank of Japan building in Tokyo. There is no consensus in the BoJ yet on
whether to deepen negative rates at the Sept 20 to 21 meeting. Photo by Reuters

one of the sources on condition


of anonymity.
The Nikkei reported earlier yesterday that the BoJ will put more
emphasis on negative rates as a
tool for future easing.

There is no consensus in the BoJ


yet on whether to deepen negative
rates at the Sept 20 to 21 meeting,
when it conducts the comprehensive assessment of its policies, the
sources said. Reuters

Three ships chartered to troubled Hanjin sold


BY BR ENDA GOH & K E I TH WALLI S

IN BRIEF

forming at ports and truck yards as


containers pile up. Three bulk carriers, used for carrying commodities
such as iron ore, coal and grain,
were sold by lessors for a total of
almost US$39 million, according
to data from ship valuation firm
VesselsValue.
The largest, the 180,000 deadweight tonne (DWT) capesize Hanjin Matsuyama, was bought by Singapore-based Winning Shipping
for US$22.75 million, according to
the data. An official at the company said the deal had not yet been
completed.
The five-year old ship, last
tracked off South Korea, was sold

charter-free, meaning it is no longer


chartered by Hanjin Shipping, a
shipbroker told Reuters.
The two smaller 37,000 DWT
handyside vessels have been sold to
Greek buyers, also charter-free, the
broker said. Two container ships
worth between US$18 and US$22
million have also been put up for
sale, two other shipbrokers with
knowledge of the matter said.
Shipbrokers expect more Hanjin
ships to be put on the market although uncertainty about the companys future could delay progress
and some could be sold off-market
to other South Korean companies.
Reuters

HONG KONG: China National


Chemical Corp (ChemChina)
is selling Israeli crop protection
company Adama Agricultural
Solutions to a firm it controls
for US$2.8 billion (RM11.56
billion), paving the way for
completing a previously announced combination of the
two businesses and listing it on
the stock market. ChemChina
is selling Adama to Hubei Sanonda Co Ltd for about 18.6
billion yuan (RM11.5 billion),
Sanonda said in a securities filing late on Tuesday. Reuters

Singapore Airlines says


it will not extend lease
on rst A380 jet
SINGAPORE: Singapore Airlines
Ltd said yesterday that it will
not extend the lease on its first
Airbus A380 jet when it expires
next year, a significant blow for
Airbus, as it seeks to bolster new
sales of the worlds largest airliner. Our first five A380s are on
a 10-year lease, with options to
extend. The first one will expire
in October next year, and we
have decided not to extend it, a
spokesman for the airline said.
For the other four, decisions
will be made later. Reuters

W O R L D 21

THU R S DAY S E P T E MB E R 1 5 , 20 16 T HE ED G E FINA NCIA L DA ILY

Suu Kyi to meet


Obama for the
rst time as
Myanmar leader
BY T I M OT HY MCL AU GH L I N
& PAT R I C I A ZENGERL E

WASHINGTON: Myanmars
Aung San Suu Kyi was to meet
with President Barack Obama
yesterday in her first visit to the
US since her party won a sweeping victory in last years election,
capping a decades-long journey
from political prisoner to national leader.
With Suu Kyi no longer an
opposition figure, the US is
weighing a further easing of
sanctions against Myanmar as
Obama looks to normalise relations with a country Washington
shunned when it was ruled by a
military junta.
Suu Kyi was also expected
to meet with Vice President Joe
Biden, Secretary of State John
Kerry and senior members of
Congress.
Before it was very much
encouraging her (Suu Kyi) and
supporting her in her role as
someone pushing for increased
democracy. Now they (US officials) are meeting someone in
charge of the government, said
Murray Hiebert, a Southeast Asia
expert at Washingtons Center
for Strategic and International
Studies.
Obama is expected to consult with Suu Kyi on whether
to further ease US sanctions to
help investment and democratic transition in her country, the
White House said.
The US eased some sanctions
against Myanmar earlier this
year to support political reform
but maintained most of its economic restrictions with an eye
toward penalising those it views
as hampering the democratically
elected government. Reuters

Juncker vows EU will survive Brexit


BY CLMENT ZAMPA & DANNY KEMP

STRASBOURG/BRUSSELS: European Commission head JeanClaude Juncker yesterday issued


a rallying cry for unity after Brexit,
saying the European Union (EU)
was not in danger of splitting up
but needed to work together.
Unveiling a host of economic

and security policies in his annual


State of the Union speech in a bid
to find common ground, Juncker
urged the bloc to fight back against
rising nationalism.
The European Union still does
not have enough union, Juncker
told the European Parliament in
Strasbourg.
There are splits out there and

often fragmentation where we


need further union that is leaving space for galloping populism,
he said.
Junckers speech came two days
before the 27 EU leaders meet in
the Slovakian capital Bratislava without Britain, for a summit
aimed at drawing up a road map
for the future after Brexit. AFP

Convalescing
Clinton to return
to campaign fray
Health scare gives Trump new opening to question her fitness
BY ANDREW BEATTY

WASHINGTON: Hillary Clinton is


due to return today to the White
House campaign fray after a few
days at home recovering from
pneumonia in a health scare that
rocked her bid to become the US
first woman president.
The Democratic nominees
spokesman Nick Merrill said in a
statement on Tuesday that Clinton
spent time at home catching up on
reading briefings, making calls, and
watching Barack Obamas rousing
speech in Philadelphia, in which the
president offered unstinting praise
of his former secretary of state.
The former first lady has just
suffered perhaps the worst week

of her 15-month quest to become


the first female US president.
She was forced to leave a 9/11
memorial event in New York on
Sunday and was seen stumbling
limp-legged into a Secret Service
vehicle. Clintons campaign initially said she had been suffering
the ill effects of dehydration and
overheating.
The 68-year-old since then has
been sidelined from the campaign
trail by a bout of pneumonia an
illness diagnosed last Friday, before the 9/11 event, that has raised
broader questions about her health.
The news on the political front
has scarcely been better than Clintons medical revelations.
Last Friday, she sparked a fire-

storm when she called half of


Trumps supporters deplorables.
And despite leading in the polls,
she remains deeply disliked by a
big chunk of the electorate.
Clintons stumble captured on
amateur video and seen by countless millions online and on television gave her Republican rival
Donald Trump, 70, a new opening
to question the former top diplomats fitness for the nations highest
office as the race intensifies.
While my opponent slanders
you as deplorable and irredeemable, I call you hard-working American patriots who love your country
and want a better future for all of
our people, Trump said in Iowa.
AFP

Chinese villagers describe police beatings in wild crackdown on protest


BY JAMES POMFRET

WUKAN: Residents of a Chinese village once seen as a cradle of grassroots democracy were in shock
yesterday after a wild crackdown
by police in clashes with protesters which they said led to about 70
people being detained.
Hong Kong rights activists fear
Tuesdays violence marks a lastditch push to silence Wukan, a
southern fishing village in Guangdong province, which received international attention when a 2011
uprising over land-grabs forced
authorities to back down and grant
local direct elections.
Most people have been scared
badly, said a villager named Chen.
This time it was a wild crackdown. They went after everyone,
chasing them up into their houses,
beating people.
As she spoke, peeking nervously
from behind curtains in her home,
scores of riot and security police
tightened a cordon around Wukan.
As dusk fell yesterday, police

started a new round of house-tohouse searches, seeking both protest organisers and journalists.
Violence flared in the
10,000-strong hamlet early on Tuesday as police launched predawn
raids on homes seeking leaders of
protests that had rumbled since
June after the arrest of a popular
leader.
Village chief Lin Zuluan, one of
the last of the 2011 protest leaders
to remain in office, was jailed this
month for three years on graft and
other charges.
Villagers threw bricks at police
as they advanced with shields, batons and helmets, firing rubber
bullets and using tear gas. Some
residents suffered wounds to their
legs, mobile phone footage seen by
Reuters showed.
Many said the violence was
worse than that in 2011, when the
village was locked down for several months.
Repeated calls to the Guangdong
provincial government for comment went unanswered. Reuters

IN BRIEF
North Korea ramps up
uranium enrichment
weapons experts
SEOUL: North Korea will have
enough material for about 20
nuclear bombs by the end of
this year, with ramped-up uranium enrichment facilities and
an existing stockpile of plutonium, according to new assessments by weapons experts. The
North has evaded a decade of
sanctions by the UN to develop
the uranium enrichment process, enabling it to run an effectively self-sufficient nuclear
programme that is capable
of producing around six nuclear bombs a year, they said.
North Korea has an abundance
of uranium reserves and has
been working covertly for well
over a decade on a project to
enrich the material to weapons-grade level, the experts
say. Reuters

Ties are at a turning


point, China tells
Philippine delegation
BEIJING: Relations between
China and the Philippines are
at a new turning point, and
Beijing hopes Manila can meet
it halfway and handle disputes
appropriately, a top Chinese
diplomat has told a visiting
Philippine delegation. Chinese Vice Foreign Minister
Liu Zhenmin told a delegation from a Philippines foreign
affairs committee in Beijing
that ties had recently sunk to
a low edge for reasons everyone knows, Chinas foreign
ministry said on Tuesday. At
present, China-Philippine relations are at a new turning
point, the statement quoted
Liu as saying. Reuters

China warns Taiwan not to


allow Dalai Lama to visit
BEIJING/TAIPEI: China yesterday warned Taiwan not to
allow exiled Tibetan spiritual
leader the Dalai Lama to visit,
after Freddy Lim, a high-profile
Taiwan legislator, invited him
to the self-ruled island Beijing
claims as its own, a trip that
would worsen already-poor
ties. China regards the 80-yearold monk as a separatist. Taiwan President Tsai Ing-wen
has not said whether the government would allow a visit by
the Dalai Lama, who congratulated Tsai on her remarkable
victory. Reuters

Strongest typhoon in
21 years hits Taiwan

Villagers protesting in Wukan, Guangdong province on June 22. Before the violent
crackdown in Wukan on Tuesday, protests had rumbled since June after the arrest of a
popular leader. Photo by Reuters

TAIPEI: Parts of Taiwan were


brought to a standstill yesterday as super typhoon Meranti
skirted past the islands southern tip, bringing the strongest
winds in 21 years and disrupting traffic ahead of a major holiday. Although typhoon Meranti did not make landfall, the
storm brought violent winds
and torrential rain to eastern
and southern Taiwan. At 0500
GMT, Meranti was 90km westnorth-west of southernmost
Hengchun township, packing
gusts of up to 234km per hour.
AFP

22 F E AT U R E

T HUR SDAY SEP TEM B ER 1 5 , 2 0 16 TH E EDGE F I N AN C I AL DAI LY

Thank you, Mr Postman


Postal Savings Bank of China is one package investors can be pretty sure will deliver
in July went 79% to stayers.
Postal Savings cornerstone investors include China Shipbuilding,
with a commitment of about US$2.2
billion, Shanghai Port, with US$2.1
billion, and HNA Group, the owner of Hainan Airlines and aircraft
lessor Avolon, with about US$1
billion. Theyll hardly be sellers if
the stock falls. A pre-IPO sale also
saw strategic investors including
tech giant Tencent enter the fray.
This is to say that in reality, Postal Savings US$8.1 billion IPO is
much smaller more like US$2.24
billion. Its not even the biggest
this year. That prize goes to Danish
utility Dong Energy and its US$2.6
billion IPO in June.
This is one package investors can
be pretty sure will deliver.
According to Bernstein, by
FY2016 Japanese government
bonds will account for 56% of Japan Posts investment portfolio and
contribute 71% of its net income in
the period.

BY N I SH A GOPA L A N

he worlds largest initial


public offering (IPO)
since Alibabas record
New York listing in late
2014 isnt going cheap.
That doesnt matter,
because Postal Savings Bank of
China, which is seeking as much as
US$8.1 billion (RM33.45 billion) in
a Hong Kong IPO later this month,
has state backing that will provide a
convenient floor for its share price.
In other words, dont expect a
rerun of Japan Post, which went
public in a three-pronged share
sale last November. After jumping 15% on day one, stock in Japan
Post Bank is now down 33% from
its December peak.
Compared with the Tokyo whale,
Postal Savings has a better growth
story. For one thing, it can actually lend, unlike Japan Post, which
is primarily a savings bank with
steadily falling returns because of
its unhappy investment in Japanese
government bonds.
Even so, youd be hard-pressed
to call it a bargain.
As a state firm, Postal Savings

must sell new stock for at least


once book value. The price range
of HK$4.68 (RM2.49) to HK$5.18
per share translates into about 1.01
to 1.11 times, based on March end
financials, above the average for
Chinas large lenders.
Postal Savings also doesnt have
a lot of bad debt, and has room to
grow. According to Bernstein, its

39% loan-to-deposit ratio is well


below the more than 70% average
of its peers. However, as Bloomberg
has noted, the company is inordinately exposed to wealth management products, plus it has relatively
weak capital buffers, high costs and
a heightened vulnerability to fraud.
But less-than-stellar fundamentals dont especially matter. Cor-

nerstone investors, who commit to


holding their shares for six months,
have agreed to buy about US$5.86
billion of stock, accounting for 76%
of Postal Savings offering at the midpoint of the marketed range. That
puts it just below the record for cornerstone tranches, currently held by This column does not necessarily
China Development Bank Financial reflect the opinion of Bloomberg
Leasing whose US$799 million IPO LP and its owners.

SGX goes after Swiber in potential rule breach


BY TAN HWEE H WEE

SINGAPORE: The Singapore Exchange (SGX) is going after Swiber


Holdings for potential breaches to
the exchanges Rule 703 pertaining to disclosure of material information.
In the letter obtained by The
Business Times (BT) relating to the
potential breaches, SGX made reference to Swiber Holdings disclosure lapses on the US$710 million
West Africa project first announced
in late 2014 and two separate litigation claims by Likpin International
Ltd and Greene Energy Group Asia
Pacific Pte Ltd.
SGX said citing disclosure lapses on the US$710 million project,
Swiber has potentially breached
paragraph 25 of Appendix 7.1 to
Rule 703.
Paragraph 25 of Appendix 7.1
deals with, among others, three
key points that the contents of
a press release or other public announcement is as important as its
timing and that the announcement
should avoid omission of important
unfavourable facts as well as presentation of favourable possibilities
as certain or as more probable than
is actually the case.
SGX in its letter alluded to the
fact that since Swibers first SGX filing on Dec 15, 2014, for the US$710
million project, the listed group in
addition to an observed lapse in
disclosing a delay in the project execution, did not proactively identify
the client nor flag any pre-conditions tied to the project.

The project, as disclosed in Swibers SGX filing on July 8 in its response to a private query from SGX,
has been deferred indefinitely due
to a weakness in the oil and gas
(O&G) sector.
The listed group in its second response to an SGX query on July 29,
acknowledged that the award from
RoyalGate Energy is a letter of intent
(LoI) that still needs to be formalised
as a contract in due course.
This confirmed BTs report on
July 9, which pointed out that Equatorial Guinea-based RoyalGate has
signed on Swiber for a project tied
to Block Z field development off the
West African country.
In its Aug 12 response to a third
SGX subsequent query for an update, Swiber further clarified that
no contract has yet to be entered
into between the listed groups subsidiary, Swiber Offshore Construction and the end client. The listed
group added the contract award
has been held back due to a delay
in an appraisal drilling that is a prerequisite for front-end engineering
and design studies to commence.
It blamed the delayed drilling on
a persistent weakness in the O&G
sector.
SGX, in taking in Swibers responses, has however noted disclosure lapses on the listed groups
order book.
The company did not inform its
shareholders and the investing public about the delay in the US$710
million project during a prolonged
period from Dec 15 2014 to July 8
2016, SGX wrote.

In the letter obtained by The Business Times, SGX made reference to Swiber Holdings
disclosure lapses on the US$710 million West Africa project rst announced in late
2014 and two separate litigation claims by Likpin International Ltd and Greene Energy
Group Asia Pacic Pte Ltd. Photo by Reuters

In addition, the US$710 million project was accounted for in


all [Swibers] disclosures on the
groups order book without any
qualification that the contract has
yet to be signed or the project has
been delayed, the regulator added.
On Dec 15, 2014, Swiber laid
claims with the alleged US$710 million project award, it had clinched
contracts totalling US$1.03 billion.
BT also understood following Swibers dramatic reversal from its now
aborted winding-up petition, the
interim judicial managers of the
distressed group has included the
US$710 million LoI in the US$1.67
billion secured projects tabled under a report filed with the High
Court for the judicial management
application.
SGX in invoking Paragraph 8
of Appendix 7.1 to Rule 703 also

noted Swiber has not made any


announcement on material litigation claims by Likpin and Greene
Energy amounting to S$10.7 million and S$9.6 million, respectively.
The exchange viewed these litigation claims as significant taking
into account Swibers profits recorded for the financial year 2014
and for the first quarter ended
March 31, 2015 (1QFY15). Swiber
posted a net loss of US$2.5 million for 1QFY15 and a net profit of
US$21.7 million for FY14.
Swiber in its July 12 response
to a private query from SGX argued that both litigation suits were
not material based on calculations
against the groups revenue, total
assets and net tangible assets at
the relevant time. In addition, the
groups external lawyers were of the
view that the claim for the Likpin

suit was unmeritorious, it added.


It provided updates to the suits
in its response to SGX, in support
for non-disclosure:
Greene Energy has filed a notice
of discontinuance dated Nov
20, 2015 to the suit because the
dispute was resolved via mediation and the case was settled
for US$3.6 million.
Likpins claim in its suit was
struck out by the High Court
on Oct 1, 2015, and although
the appeal was scheduled to be
heard between July 25, 2016 and
Aug 1, 2016, Swibers external
lawyers are confident of succeeding in resisting the appeal.
The SGX letter dated Aug 16 was
addressed to Swibers board of directors before its July 28 winding-up
petition. They are Raymond Goh,
Francis Wong, Darren Yeo, Nitish
Gupta, Jean Pers, Leonard Tay, Yeo
Jeu Nam, Chia Fook Eng and Oon
Thian Seng.
Wong and Gupta have resigned
from the board of the listed group
as vice-chairman and executive
director, but continue to remain as
directors of certain subsidiaries of
the company. Swiber retracted its
erroneous July 28 announcement
on Tays resignation and said he remains on board as the group chief
financial officer.
SGX invited the named parties to make their representations
within 14 days from Aug 16 to the
alleged breaches of Rule 703 or
run the risk of the exchange making findings against their interest.
The Business Times

S P O RT S 2 3

THU R S DAY S E P T E MB E R 1 5 , 20 16 T HE ED G E FINA NCIA L DA ILY

New format would tempt


Chong Wei for Tokyo 2020
World No 1 says may take another shot at gold
KUALA LUMPUR: Malaysias world
No 1 Lee Chong Wei said a new
scoring format could tempt him to
extend his career to the Tokyo 2020
Olympics and take yet another shot
at an elusive badminton gold medal.
The 33-year-olds interest has
been piqued by the Badminton
World Federations (BWF) experiments with an 11-point, best-of-five
system, instead of the traditional
21-point, best-of-three format.
Chong Wei said Chinese fellow
veteran Lin Dan, a two-time Olympic champion, may also be persuaded to play on under the new
system, which is considered less
physically demanding and therefore better for older players.
Nothing is confirmed yet, but
if there is indeed a change, I could
very well compete at the Tokyo
Olympics, Chong Wei was quoted
as saying by The Star newspaper
yesterday.

Hamilton revs up
for big ght as
fresh era starts

Even Lin Dan might play on as


the 11-point system would mean
shorter matches ... which are better
for senior players like us.
We certainly have the experience. Playing in shorter matches
is definitely better because I believe we can control the shuttlecock better.
The BWF was not immediately
available to comment on the new
scoring format, which was trialled
last week at an under-19 event in
Malaysia.
Chong Wei had previously said
that last months Rio Olympics,
where he finished runner-up for
the third Games in a row, would
be his last.
Despite failing once again to
deliver Malaysias first-ever gold
medal, and a doping ban last year,
Chong Wei enjoys superstar status at home, where the BWF is
based. AFP

Chong Weis interest has been piqued by the BWFs experiments with an 11-point, bestof-ve system. Photo by Reuters

Uefa elects surprise candidate


Ceferin as new leader
ATHENS: Uefa yesterday overwhelmingly elected Slovenian lawyer Aleksander Ceferin, almost unknown three months ago, as its new
president to lead the worlds most
powerful football confederation
into a new era after Michel Platini
was forced to resign.
Ceferin, 48, beat Dutch Football
Association chief Michael van Praag
by 42 votes to 13 in the first round
of voting after promising bold
moves and an end to intrigues
as the 55-member European body
faces challenges over its flagship
Champions League.
The wind of change is blowing
through European football. It is the
end of one era and the start of a new
one, Ceferin said in a speech to a
special congress in Athens shortly
after Platini gave a farewell address

Russian javelin thrower


stripped of 2008 silver
LAUSANNE: Russian Maria
Abakumova was on Tuesday
stripped of the javelin silver
medal she won at the 2008
Olympic Games after reanalysis of samples taken in Beijing
tested positive for drugs. The
International Olympic Committee said Abakumova had
tested positive for turinabol,
an anabolic steroid. In Beijing,
the Russian finished ahead of
Germanys Christina Obergfoll
with Britains Goldie Sayers in
fourth in the competition won
by Czech Barbora Spotakova.
Abakumova was also world
champion in Daegu in 2011,
but finished only 10th in the
London Olympics in 2012,
before rebounding to claim
bronze in the 2014 Moscow
worlds. AFP

Wenger hails Ospina


after PSG draw

BY DA N I EL HI CKS

SINGAPORE: Championship
leader Lewis Hamilton is expecting a big fight in Sundays
Singapore Grand Prix with the
season suddenly on a knifeedge just as Formula One (F1)
enters a new era under fresh
ownership.
Hamilton, whose lead has
been slashed to just two points,
faces the prospect of a fivepronged assault led by teammate Nico Rosberg, with the Red
Bulls and Ferraris also pushing
hard on the twisty street circuit.
Rosberg, breathing down
Hamiltons neck after back-toback wins in Belgium and Italy,
is gunning for a hat-trick in his
200th Grand Prix that would
enable him to leapfrog Hamilton to the top of the standings
with six races remaining.
It promises an engrossing
start to the new adventure
under US billionaire John
Malones Liberty Media, which
is buying out F1s parent company in a deal which values the
sport at US$8 billion (RM33.04
billion).
A close and unpredictable
race after Mercedes Hamilton and Rosberg won 13 of the
14 races so far this year set
against Singapores stunning
night-time cityscape would be
a welcome introduction for the
incoming owners. AFP

IN BRIEF

Ceferin: I want to bring out all the good


things Uefa has been doing and you
have been doing. Photo by Reuters

and left through a side door.


Ceferin highlighted the credibility challenges facing scandal-tainted
football, along with regular accusations of match-fixing and doping.
But he told a special congress in
Athens: I am not here to empha-

sise the negativities that surround


us. I dont want to live in an empire
of fear where everyday we wake
[up] and see another negativity
surfacing.
I want to bring out all the good
things Uefa has been doing and you
have been doing.
He added: We are all tired of
the current situation and look forward to a normalisation period that
will be about positive things, about
friendship, about football.
Ceferin said Uefa had to be a
leader in good governance and
transparency.
We should stop with politics,
plots, intrigues, lack of transparency [and] self-interest; it is football
first. It is what I promise to all of
you today, nothing more, nothing
less, he said. AFP

PARIS: Arsenal manager Arsene Wenger described David Ospina as world-class


after the Colombian goalkeeper
justified his selection in Tuesdays Champions League draw
with Paris Saint-Germain (PSG)
with several decisive saves. Ospina was beaten by Edinson
Cavanis header inside the
opening minute at the Parc des
Princes but foiled the French
champions on several other
occasions as Alexis Sanchezs
late leveller ensured a 1-1 draw
in the Group A opener. Ospinas performance silenced the
doubters who questioned why
Wenger had chosen to play him
in Paris rather than regular No
1 Petr Cech, who was left on the
bench. AFP

Wada fury as Russian


hackers release data
LOS ANGELES: The World
Anti-Doping Agency (Wada)
on Tuesday slammed Russian
hackers who breached its database and published confidential records of US Olympic
gymnast Simone Biles and tennis stars Venus and Serena Williams. Wada said in a statement
Russian cyberespionage group
Tsar Team (APT28), also known
as Fancy Bears, had broken into
its Anti-Doping Administration and Management System
database. The hacking group
released information gleaned
from the files of Biles, the Williams sisters and US womens
basketball player Elena Delle
Donne. AFP

Platini tells Uefa my conscience is clear

Europe a steep learning


curve for Celtic

ATHENS: Disgraced football leader


Michel Platini said yesterday in a
farewell speech to Uefa that he felt
no guilt over a US$2 million (RM8.26
million) payment from Fifa that has
seen him suspended for four years.
Just simply know that my conscience is clear, that I am certain that
I committed not the slightest fault
and that I am continuing to fight legally, the 62-year-old French football legend told a congress in Athens
before it elected his successor.

BARCELONA: Brendan Rodgers admitted that Celtic had a


lot to learn after a 7-0 humbling at the hands of Barcelona on their first match back in
the Champions League after
a three-year absence. Lionel
Messi scored a hat-trick, Luis
Suarez twice and Neymar added a fine free kick to his four
assists as Barcas stellar MSN
front line enjoyed their reunion
on their first start together for
four months. AFP

Platini and former Fifa leader


Sepp Blatter are both under criminal
investigation by Swiss prosecutors
over the payment that Blatter authorised in 2011 for work carried out
a decade earlier without a contract.
Platini was elected to a third fiveyear term in March last year, but was
suspended in October over the payment. He officially resigned in May.
The three-time Ballon dOr
winner told the congress of Uefas
55 members that he was speak-

ing to them with great emotion.


You are going to continue this
beautiful mission without me, he
said.
Platini, who had also been a Fifa
vice president in line to take over
from Blatter, thanked all those who
supported him during the scandal.
I would also stress that I bear
no grudges against those who have
not supported me; everyone has
the right to their own convictions.
AFP

24

live it!

T HUR SDAY SEP TEM B ER 1 5 , 2 0 16 TH E EDGE F I N AN C I AL DAI LY

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

Forsyth says he
will focus now
on a campaign
for Blackman,
a Royal Marine
sentenced
to life
imprisonment
for shooting an
injured Afghan
ghter in 2011.
Photo by AFP

MAKE a trip to an art market today and view


the ideas and crafts of the most recent crop
of design graduates from Dasein Academy of
Art. The Folier Fest 2 will showcase projects
such as a fruity juice bar designed with fruits
and vegetables, quirky Chinese chess sets,
raw button badges, customised calligraphy
and portraits, upcycled pot plants, mixed
avour fruit tea and candy, multifunctional
bags and mood tracker planners. Visit the
art market at The Gallery, Dasein Academy
of Art, 12-G, Jalan Wangsa Delima 10, Desa
Wangsa, Seksyen 5, between 10am and 5pm
today. Log on to www.facebook.com/DaseinAcademyOfArt or call (03) 4142 2990 for more.

A NEW DIRECTION
Tired of adventure, Frederick
Forsyth gives up on fiction

EXPERIENCE a triple celebration National Day, Mid Autumn Festival and Malaysia
Day at APW Bangsar this evening. There
will also be a public demonstration for people to letterpress Malaysia Day wishes on
postcards at the The Royal Press 2929: The
Royal Press Exhibition at The Bindery. The
festival that aims to celebrate the diversity of
Malaysia will take place from 6pm onwards
at 29 Jalan Riong, Bangsar Kuala Lumpur.
Visit www.facebook.com/apwbangsar for the
programme outline and more.

MALAYSIA Day is just around the corner and


Abstrak Merdeka: Liberation of Expression
commemorates what it means to be Malaysian. The exhibition celebrates 59 years
of independence with works of abstract art
from selected artists, mostly who are new
to Malaysias art scene. View the exhibition
at Pelita Hati Gallery of Art on the ground
oor of 8, Jalan Abdullah, O Jalan Bangsar
Kuala Lumpur between 10.30am and 6pm
today. Call (03) 2092 3380/2282 9206/2202
3020 for more.

fter a dozen novels and 70 million book


sales under his belt, British writer Frederick Forsyth told AFP he is giving up on
thrillers because his wife told him he can
no longer travel to adventurous places.
Im tired of it and I cant just sit at
home and do a nice little romance from my study,
said the 78-year-old, who revealed in a memoir last
year that he had worked extensively for the MI6 spy
service.
I ran out of things to say, said the soft-spoken
Forsyth, who trained as a Royal Air Force pilot before
joining Reuters in 1961 and beginning his career as a
novelist in the 1970s.
After his last trip to Somalia as research for The
Kill List, Forsyth said his wife told him: Youre far
too old. These places are bloody dangerous and you
dont run as avidly, as nimbly as you used to.
Forsyth, who has only ever written on a typewriter,
said he had tried an online search for Somalia but had
been very dissatisfied with the results.
There was some statistical information on Somalia but not what I wanted, which was [the] atmosphere, he said.
He said his memoir The Outsider was his swansong.
How many bakers go on baking after 78? he
quipped.
In an interview on the sidelines of a speaking engagement organised by the London Grill Club, Forsyth also spoke about his work for MI6 in Africa and
the former Soviet bloc during the Cold War.
The writer said he would submit draft pages from
his novels to MI6 to check that he was not divulging
sensitive details and they would sometimes come
back with annotations and paragraphs underlined.
In The Fourth Protocol, he said he avoided telling
readers how exactly to trigger a nuclear weapon, after
a bit of editing of the draft from MI6.
You dont want anyone actually to do it! said
Forsyth, dressed in a light-coloured suit.

Forsyth worked for Reuters and the BBC in the


1960s in France, Nigeria and East Germany.
While working as a journalist in 1968 in Nigeria,
he was approached by an MI6 man called Ronnie
who wanted an asset deep inside the Biafran enclave
where there was a civil war between 1967 and 1970.
Then, in 1973, Forsyth said he was asked to conduct a mission for MI6 in communist East Germany.
There was an asset, a Russian colonel, working for
us deep inside East Germany and he had a package
that we needed brought out, he wrote in his memoir.
Forsyth said he drove his Triumph convertible to
Dresden and received the package from the Russian
colonel in the toilets of the Albertinum museum.
He calls the secret services our protectors and
said he was not paid for his work, adding: I was only
trying to help out the old country.
Talking about his work with MI6 could be formally
a breach of the lifelong commitment to discretion undertaken when he signed the Official Secrets Act, but
Forsyth said decades had passed and many secrets
from that time had already been divulged.
His first novel in 1971, The Day of the Jackal, was
about a fictional assassination attempt on French
president Charles de Gaulle by right-wing extremists
angry at his granting independence to Algeria.
It was turned into a classic film starring Edward Fox.
Other bestsellers quickly followed, including The
Odessa File (1972) and The Dogs of War (1974).
After the end of the Cold War, he wrote thrillers
about al-Qaeda, drone warfare and rendition.
Forsyth also has a weekly column in the Daily Express in which he often writes about counterterrorism
issues, military affairs and foreign policy.
As a longtime advocate for Brexit, Forsyth said he
was pleased with the result of the European Union
referendum in June but found the campaign was vituperative and unnecessarily insulting.
He said political correctness had become a new
religion in Britain and is deeply critical of a justice
system he sees as skewed towards the rich.
Following his retirement from fiction, he said he
will focus now on a campaign for Alexander Blackman, a Royal Marine sentenced to life imprisonment
for shooting an injured Afghan fighter in 2011. AFP

Markets 2 5

THU R S DAY S E P T E MB E R 1 5 , 20 16 T HE ED G E FINA NCIA L DA ILY

BURSA MAL AYSIA MAIN MARKET

Bursa Malaysia

YEAR
HIGH

Sectorial Movement
INDICES

CLOSE

+/-

%CHG

INDICES

CLOSE

+/-

%CHG

KLSE COMPOSITE

1,661.39

-15.79

-0.94

TECHNOLOGY

22.17

-0.04

-0.18

KLSE INDUSTRIAL

3,109.23

-19.49

-0.62

FTSE BURSA 100

11,412.37

-88.93

-0.77

13,623.99

-35.43

-0.26

-0.40

FTSE BURSA MID 70

INDUSTRIAL PRODUCT

142.41

-0.51

-0.36

FTSE BURSA SMALL CAP

15,255.87

-61.44

-0.40

CONSTRUCTION

287.61

-0.36

-0.13

FTSE BURSA FLEDGLING

15,807.80

-26.25

-0.17

11,705.97

-88.66

-0.75

5,186.79

-0.86

-0.02

CONSUMER PRODUCT

601.21

-2.43

225.87

-1.71

-0.75

FTSE BURSA EMAS

14,247.78

-158.10

-1.10

FTSE BUR MSIA ACE

KLSE PROPERTY

1,198.90

-1.98

-0.16

FTSE BUR EMAS SHARIAH

12,356.69

-81.29

-0.65

KLSE PLANTATION

7,865.96

4.71

0.06

FTSE BUR HIJRAH SHARIAH

13,793.29

-120.33

-0.86

486.34

Unch

Unch

9,184.96

-78.86

-0.85

TRADE & SERVICES


KLSE FINANCIAL

KLSE MINING

FTSE/ASEAN 40

Bursa Malaysia Main Market


YEAR
HIGH

YEAR
LOW

DAY
HIGH

CONSUMER PRODUCTS
0.824 0.562 0.725
4.232 3.297 3.920
15.020 5.900 13.900
0.285 0.210 0.250
6.320 4.500 5.900
1.480 0.890

5.174 3.218

61.652 39.875 50.760


0.080 0.035 0.035
0.793 0.550 0.565
1.870 0.970 1.660
0.660 0.451 0.515
0.400 0.260 0.325
15.200 10.731 14.660
0.639 0.530 0.550
2.667 1.970 2.010
1.970 0.518 1.250
3.290 1.690 2.620
0.075 0.025 0.035
2.417 1.820 1.960
1.790 1.102 1.720
0.175 0.075 0.080
0.075 0.035 0.045
0.965 0.765

65.980 44.118 60.460


0.165 0.070 0.085
0.265 0.030 0.040
0.240 0.180 0.195
0.460 0.220 0.235
2.556 1.651 2.000
0.325 0.205

0.940 0.640

27.000 17.245 24.540


0.940 0.495 0.695
1.078 0.990 0.990
1.207 0.376 0.710
0.966 0.613 0.815
1.640 0.800 0.940
2.738 2.083

1.200 0.940

0.090 0.010

18.372 12.107 17.040


9.800 4.800 9.020
1.169 0.841 0.885
0.508 0.365 0.385
5.220 2.867 4.250
1.416 1.144 1.260
0.590 0.355 0.515
2.378 1.760 2.250
1.420 0.820 1.300
0.930 0.505 0.530
3.160 2.130 2.400
4.000 2.340 3.800
0.205 0.025 0.060
0.910 0.670 0.770
2.800 1.900 2.500
1.180 0.955

0.110 0.035 0.095


8.100 4.620 4.750
10.100 3.620 9.990
0.335 0.250 0.275
3.365 1.934 2.980
0.885 0.710 0.725
1.827 1.311

4.585 3.900 4.100


0.110 0.020

1.637 1.157 1.530


1.040 0.810

1.244 1.050

5.120 4.423 5.000


0.105 0.025

1.626 1.113 1.210


81.084 68.541 80.020
3.350 2.164 3.130
0.200 0.080 0.090
0.370 0.240 0.285
1.079 0.683 0.880
0.753 0.345 0.390
0.060 0.040 0.055
2.536 1.621 1.730
7.520 6.436 6.840
3.049 1.274 2.960
38.617 19.527 36.620
1.230 0.587 1.170
0.390 0.210

0.885 0.325

1.120 0.700 0.770


0.229 0.150

0.580 0.412 0.485


2.043 1.373 1.580
16.701 14.773 16.180
0.614 0.458 0.520
2.077 1.280 1.400
0.760 0.680 0.760
2.896 1.897 2.050
4.597 3.915 4.280
1.650 1.400 1.490
1.438 1.020 1.110
0.500 0.270 0.280
1.250 0.595 1.180
1.430 0.550 0.605
0.120 0.055

2.450 1.340 1.780


1.234 0.704 0.945
0.055 0.035 0.050
0.405 0.130

2.750 1.778 2.400


1.505 0.762

0.745 0.425 0.515


0.450 0.290

2.920 1.840 1.880


1.419 0.407 1.300
1.702 1.130 1.180
1.610 1.184

0.560 0.435

0.510 0.420 0.430


8.624 4.880 5.980
2.332 1.468 2.120
1.008 0.456

0.073 0.030 0.035


0.540 0.390

0.607 0.095 0.100


2.450 1.532 2.300
1.330 0.190 1.320
1.370 0.787

2.829 2.070 2.100


1.638 1.340 1.360
INDUSTRIAL PRODUCTS
1.460 0.922 1.370
0.160 0.090 0.095
0.590 0.470

0.320 0.230 0.230


1.000 0.650

* Volume Weighted Average Price

DAY
LOW
0.705
3.890
13.860
0.240
5.870

49.500
0.035
0.555
1.630
0.510
0.310
14.460
0.530
2.000
1.200
2.620
0.030
1.940
1.690
0.075
0.035

60.020
0.075
0.035
0.195
0.225
2.000

24.100
0.670
0.990
0.705
0.810
0.915

16.900
8.900
0.875
0.380
4.250
1.250
0.510
2.170
1.290
0.525
2.370
3.730
0.040
0.755
2.480

0.085
4.620
9.860
0.270
2.940
0.715

4.050

1.510

5.000

1.210
79.600
3.090
0.090
0.275
0.855
0.375
0.050
1.680
6.790
2.920
36.020
1.140

0.740

0.480
1.550
16.000
0.520
1.380
0.705
2.030
4.260
1.490
1.090
0.275
1.180
0.600

1.760
0.935
0.050

2.390

0.515

1.840
1.260
1.160

0.430
5.800
2.050

0.030

0.095
2.240
1.270

2.090
1.340
1.330
0.095

0.230

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)
0.710
3.900
13.860
0.240
5.900
1.020
3.680
49.500
0.035
0.560
1.650
0.515
0.325
14.660
0.540
2.010
1.250
2.620
0.035
1.950
1.690
0.075
0.045
0.835
60.300
0.085
0.040
0.195
0.225
2.000
0.220
0.780
24.480
0.695
0.990
0.710
0.815
0.940
2.680
1.110
0.045
17.040
9.000
0.880
0.385
4.250
1.260
0.515
2.180
1.290
0.530
2.380
3.750
0.045
0.770
2.480
1.050
0.085
4.730
9.990
0.270
2.970
0.715
1.360
4.100
0.025
1.530
0.945
1.050
5.000
0.035
1.210
80.020
3.130
0.090
0.285
0.880
0.380
0.055
1.730
6.800
2.940
36.300
1.170
0.320
0.410
0.770
0.170
0.485
1.550
16.100
0.520
1.400
0.760
2.030
4.260
1.490
1.090
0.280
1.180
0.605
0.065
1.780
0.935
0.050
0.255
2.400
1.200
0.515
0.325
1.840
1.290
1.180
1.400
0.480
0.430
5.800
2.050
0.875
0.035
0.430
0.100
2.240
1.280
1.150
2.100
1.350
1.370
0.095
0.505
0.230
0.755

+/
(RM)

VOL
(000)

VWAP*
(RM)

PE#
(X)

DY
(%)

MKT CAP
(MIL)

UNCH
15.2
0.050
42.8
-0.040
106.4
0.005
22.2
UNCH
23.5

-0.520
217.4
-0.005
180
UNCH 1351.5
0.010
106.5
0.005
169.4
0.015
73.8
0.100
96.7
-0.010
180.2
-0.020
14.5
0.050
2.5
-0.010
4
UNCH
102
-0.020
59
-0.020
76.6
UNCH 2116.5
UNCH 47976.7

-0.180
3.3
UNCH
299.3
0.005
805
0.005
110
-0.005
480
UNCH
1

-0.060
260.8
0.015
2.5
UNCH
0.6
0.005
41.7
0.010
58.4
0.005
14.6

-0.180
28.8
0.050
27.5
-0.005
360.6
UNCH
603.6
0.030
3
UNCH
43.4
0.005
80
-0.070
391
UNCH
186.8
-0.010
110.5
-0.010 4573.9
-0.050
34.9
-0.015
99.1
UNCH
44
-0.030
20

-0.010 2146.2
-0.050
33.6
0.110
21.5
-0.005
110.7
0.010
387.5
-0.005
311.1

UNCH
24.4

UNCH
98.5

UNCH
5

-0.030
3
0.020
0.7
0.030
9
-0.005
39
0.005
69.1
0.025
191.6
-0.005
349.7
0.005
440.2
-0.010
44.9
-0.010
118.5
UNCH
157.2
-0.220
3.6
0.010
272.3

0.025
33.1

UNCH
66
0.010
312.6
0.060 1062.8
UNCH
2
0.020
36
0.060 1738.4
-0.030
161.6
-0.090
48.2
-0.010
3.5
-0.030
73.5
UNCH
377.7
-0.020
55.8
0.005 3869.2

0.020
43.1
-0.010
465.2
UNCH
671.2

-0.050
13

-0.005
41.3

-0.040
77.4
0.010 1770.1
UNCH
61.9

UNCH
20
-0.210
173.4
-0.070
10

0.005 1736.6

0.005
541.5
-0.050
171
-0.020 2136.3

0.010
24.6
UNCH
19.7

0.710
3.899
13.891
0.246
5.897

49.891
0.035
0.558
1.645
0.510
0.319
14.505
0.537
2.008
1.210
2.620
0.034
1.949
1.703
0.079
0.040

60.231
0.080
0.038
0.195
0.228
2.000

24.291
0.685
0.990
0.709
0.813
0.940

16.990
8.946
0.881
0.381
4.250
1.257
0.514
2.185
1.297
0.527
2.394
3.748
0.043
0.762
2.486

0.090
4.670
9.973
0.273
2.959
0.720

4.067

1.522

5.000

1.210
79.697
3.102
0.090
0.278
0.871
0.383
0.050
1.688
6.806
2.943
36.279
1.160

0.755

0.481
1.559
16.107
0.520
1.389
0.741
2.042
4.271
1.490
1.095
0.276
1.180
0.602

1.767
0.938
0.050

2.395

0.515

1.850
1.284
1.179

0.430
5.850
2.110

0.030

0.100
2.264
1.282

2.097
1.350

14.49
11.82
19.40

19.46

9.94
20.94

18.12
16.22
6.86
9.48
17.84
11.56
14.75
7.55
15.95

12.45
14.47
1.29

14.30
26.47

5.89
47.62
18.97
162.50
22.86
5.02
59.28
8.61
10.91
9.53
15.71

19.38
11.23
8.78
17.19
16.99
19.78
21.73
9.08
9.92
7.23
37.25
23.81

14.10
9.70
17.89

6.32
450.00
8.68
7.39
7.23
14.42
8.13

16.58

20.83
16.89

27.26
9.88
22.50

16.92

17.69
19.81
14.07
14.37
40.77
8.23

62.10
9.29
50.52
7.43
23.76
15.52
7.36
16.93
16.01
27.48

19.60

105.36
151.25

7.55
4.74
62.50
63.75
12.29
21.74
8.74

7.93
11.97
10.48
32.65
18.22

9.14
9.34
29.17

10.04

9.17
10.12
13.98

3.52
2.95
2.44

5.08
0.49
4.35
5.17

1.94

4.91
2.78
3.98
1.60

3.78
7.10

2.99
1.66

3.25

2.55

1.52
1.41
8.59

0.75
3.60

3.23
3.56
5.11
2.60
1.18
3.17

4.59
3.10

0.70
0.67

4.03

2.54

5.05

2.94
2.68

3.27

4.76
5.20

1.10
3.06
3.51

1.82

2.60
2.65
3.40
3.83
2.14

2.06
2.58
1.55
2.40
1.69
2.96
5.17
1.00

1.83

5.62
5.35

2.08
0.83

2.17
2.33
2.97
5.36
2.08

3.45
4.39
3.43

18.30
1.56

3.48
3.10
4.44

126.3
456.9
842.7
12.0
472.0
80.7
707.5
14,133.7
17.5
451.5
287.5
41.2
64.0
4,516.4
170.3
560.7
52.6
424.4
23.4
446.2
203.6
93.2
48.7
111.9
3,859.2
50.0
12.5
32.8
21.6
141.5
53.5
34.6
8,978.7
42.5
247.5
60.9
201.6
451.3
1,636.6
505.4
21.1
5,147.7
2,951.1
264.0
314.9
368.3
1,008.0
38.5
191.9
177.1
43.5
2,385.7
1,011.1
3.1
77.0
99.3
139.1
22.6
459.8
605.1
45.3
534.6
133.4
176.9
667.2
10.0
841.9
51.4
63.8
3,514.9
21.2
280.2
18,764.7
235.2
27.2
67.9
988.4
90.4
36.4
415.2
4,218.7
1,934.3
2,205.1
141.3
22.4
24.6
426.0
131.5
199.0
351.5
19,086.5
52.0
247.5
123.4
617.9
5,316.6
91.9
304.5
33.6
141.6
78.8
31.7
89.0
224.7
98.7
16.8
393.2
175.1
315.2
26.0
1,236.5
438.7
354.0
57.0
66.5
100.5
6,776.1
163.1
140.0
94.3
31.3
48.5
421.6
176.0
184.0
282.8
621.0

1.352
0.095

0.230

21.24

11.92
45.21

1.02

539.2
25.1
74.3
50.3
115.4

0.040
UNCH

-0.010

1257.4
7

# PE is calculated based on latest 12 months reported Earnings Per Share

YEAR
LOW

DAY
HIGH

DAY
LOW

2.840 1.795 2.270


2.260
0.180 0.100 0.155
0.150
0.480 0.340

0.600 0.260 0.580


0.565
1.141 0.775 0.800
0.785
0.400 0.110

0.940 0.660 0.885


0.865
0.460 0.320 0.360
0.350
1.940 0.620 1.920
1.830
0.360 0.120 0.235
0.220
1.465 0.963

4.249 3.400 3.410


3.400
0.905 0.421 0.835
0.815
0.820 0.582 0.760
0.745
0.700 0.475 0.560
0.530
1.660 0.585 0.910
0.910
2.480 1.410 1.600
1.590
0.795 0.330

0.140 0.095 0.105


0.100
1.236 0.956 0.990
0.985
3.100 2.060

1.936 1.035 1.590


1.570
0.450 0.285 0.320
0.310
0.310 0.180

0.420 0.195 0.260


0.250
5.110 2.254 3.360
3.340
0.150 0.025 0.030
0.025
2.315 1.629 2.050
2.000
1.071 0.820 0.900
0.885
1.730 1.248 1.720
1.720
2.560 1.380

1.500 1.140

2.284 1.301 1.770


1.730
1.860 1.304 1.860
1.690
1.000 0.640

0.075 0.040 0.055


0.055
5.389 3.170 3.900
3.840
0.360 0.130 0.350
0.350
2.238 1.411 1.500
1.490
0.990 0.240 0.850
0.805
1.000 0.605 0.780
0.745
1.820 0.866 1.820
1.750
0.070 0.005

0.974 0.656 0.850


0.850
0.440 0.300

2.352 2.070 2.250


2.230
0.445 0.280 0.325
0.325
0.295 0.170 0.290
0.285
0.635 0.270

0.475 0.382

0.850 0.425 0.425


0.425
1.285 1.071 1.190
1.170
1.450 0.775 1.350
1.300
0.700 0.281 0.610
0.600
1.260 0.494 0.850
0.845
1.420 0.965

0.960 0.190 0.840


0.820
0.759 0.535 0.535
0.535
1.683 0.735 0.940
0.920
1.552 0.671 0.850
0.810
1.176 0.933 1.110
1.080
3.022 2.270 2.340
2.330
0.835 0.361 0.565
0.565
2.266 2.122 2.160
2.140
3.090 1.420 1.500
1.470
1.570 1.370

2.970 0.880 1.540


1.490
0.075 0.040 0.045
0.040
0.735 0.180 0.650
0.625
0.130 0.075 0.095
0.095
0.565 0.295

0.312 0.187

0.135 0.075 0.115


0.110
1.038 0.749 0.820
0.815
0.750 0.390 0.400
0.395
6.068 3.776 4.500
4.420
3.500 2.640 3.120
3.090
1.746 1.033 1.270
1.220
0.985 0.778 0.910
0.905
0.525 0.180 0.315
0.290
0.730 0.130 0.195
0.190
1.768 0.918

0.970 0.637 0.890


0.835
0.400 0.280

0.070 0.020

3.496 2.852 3.140


3.140
0.130 0.050 0.060
0.055
0.960 0.760

2.190 1.488 2.040


1.910
0.360 0.220 0.250
0.240
0.120 0.055 0.075
0.070
0.170 0.140 0.150
0.150
0.280 0.060

1.320 0.950 1.060


1.050
1.040 0.551 0.845
0.830
1.810 1.050 1.240
1.210
0.230 0.160 0.185
0.180
1.290 0.422 0.825
0.795
0.985 0.455 0.480
0.460
3.418 2.850 2.860
2.850
2.516 1.631 1.680
1.660
0.145 0.045 0.055
0.050
1.815 1.350 1.430
1.410
0.580 0.395 0.420
0.410
2.703 0.996 1.190
1.160
0.775 0.335 0.365
0.360
9.402 5.839 6.510
6.470
0.600 0.370

5.671 4.568 4.840


4.830
0.472 0.346 0.435
0.380
0.560 0.300 0.305
0.300
9.598 7.322 7.900
7.800
0.665 0.440 0.630
0.600
0.777 0.540 0.550
0.550
0.585 0.407 0.585
0.535
0.170 0.100 0.115
0.110
0.075 0.010 0.015
0.015
0.110 0.020 0.025
0.020
0.475 0.220 0.415
0.380
0.535 0.110 0.535
0.430
0.095 0.060 0.065
0.060
3.921 3.210 3.490
3.490
0.805 0.340 0.805
0.760
0.776 0.530

0.605 0.360 0.605


0.470
1.080 0.701 1.060
1.030
1.080 0.710 0.720
0.710
0.620 0.175 0.620
0.545
0.657 0.490

1.571 1.038

2.030 1.595 1.740


1.720
1.340 0.800 0.895
0.885
0.110 0.060 0.085
0.080
0.784 0.625 0.645
0.625
3.260 2.150 3.190
3.180
2.564 1.104 1.770
1.770
0.965 0.210 0.965
0.825
0.200 0.050

0.645 0.100 0.285


0.270
0.705 0.483 0.625
0.610
1.380 0.761 1.340
1.320
1.260 0.900

0.095 0.050 0.070


0.070
7.432 5.803 6.650
6.550
2.070 1.540 1.940
1.910
0.725 0.477 0.695
0.690
6.247 4.024 6.050
6.020
0.165 0.090 0.130
0.105
23.014 20.277 21.960 21.780
6.982 2.722 4.170
4.100
2.731 1.830 1.940
1.910
1.649 0.867 1.480
1.430
4.408 1.774 4.120
4.010
0.650 0.430

0.460 0.280

1.170 0.750

0.380 0.300 0.330


0.320
0.735 0.386 0.705
0.665
0.695 0.290 0.685
0.670
0.180 0.085 0.100
0.090
1.640 1.300

0.950 0.705

6.330 5.450 5.750


5.750
0.503 0.221 0.485
0.485
0.941 0.668 0.780
0.780

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)
2.270
0.150
0.385
0.580
0.790
0.120
0.885
0.355
1.880
0.220
1.030
3.400
0.830
0.760
0.560
0.910
1.590
0.470
0.100
0.990
2.060
1.570
0.320
0.235
0.250
3.340
0.030
2.000
0.900
1.720
1.620
1.140
1.750
1.860
0.930
0.055
3.850
0.350
1.490
0.825
0.770
1.790
0.005
0.850
0.370
2.250
0.325
0.285
0.330
0.410
0.425
1.180
1.350
0.605
0.850
0.985
0.830
0.535
0.920
0.850
1.090
2.330
0.565
2.160
1.480
1.400
1.530
0.045
0.635
0.095
0.325
0.225
0.110
0.820
0.395
4.430
3.100
1.260
0.910
0.295
0.190
1.000
0.845
0.320
0.025
3.140
0.055
0.800
2.040
0.240
0.075
0.150
0.080
1.060
0.845
1.210
0.185
0.825
0.480
2.850
1.680
0.050
1.410
0.415
1.180
0.365
6.480
0.410
4.830
0.420
0.300
7.850
0.625
0.550
0.560
0.115
0.015
0.025
0.385
0.510
0.060
3.490
0.785
0.590
0.575
1.050
0.720
0.570
0.500
1.210
1.720
0.895
0.080
0.640
3.180
1.770
0.880
0.080
0.275
0.625
1.330
0.960
0.070
6.630
1.920
0.695
6.050
0.105
21.920
4.120
1.920
1.430
4.090
0.495
0.300
0.955
0.330
0.675
0.675
0.095
1.350
0.800
5.750
0.485
0.780

+/
(RM)
UNCH
UNCH

0.005
-0.010

0.010
-0.005
-0.010
-0.015

UNCH
0.005
-0.010
0.030
UNCH
-0.010

UNCH
-0.005

-0.010
UNCH

-0.005
-0.040
UNCH
-0.020
UNCH
UNCH

-0.050
0.150

UNCH
-0.060
UNCH
UNCH
0.005
0.010
0.020

0.005

0.010
UNCH
-0.005

UNCH
0.010
0.010
-0.005
UNCH

-0.010
-0.005
UNCH
UNCH
0.020
-0.010
-0.020
UNCH
UNCH

0.030
UNCH
-0.015
UNCH

-0.010
-0.005
-0.015
-0.120
UNCH
0.040
0.005
0.005
UNCH

-0.055

-0.020
-0.005

-0.020
0.005
0.005
UNCH

UNCH
0.005
-0.030
UNCH
0.010
0.025
-0.010
-0.020
-0.005
-0.020
UNCH
-0.020
-0.005
-0.050

0.010
0.045
-0.020
-0.080
0.015
-0.005
0.030
UNCH
-0.005
-0.005
UNCH
0.090
-0.005
-0.010
-0.005

0.115
UNCH
0.010
0.030

-0.080
UNCH
UNCH
0.010
-0.030
-0.010
-0.025

-0.010
UNCH
-0.020

UNCH
-0.020
UNCH
UNCH
UNCH
-0.020
-0.040
-0.050
-0.020
-0.070
-0.010

UNCH
-0.020
-0.005
0.005

UNCH
0.030
-0.005

VOL
(000)
9.3
437

389.9
421.7

87.2
476
1339.5
3621

6.5
1149.9
576.3
3.6
0.9
21.7

130
258.4

95.2
125

220.1
33.1
20.1
201.8
30.1
457.3

1029.2
436.3

87.2
711.7
30
58.7
3624.2
1318.3
5611.2

30

14.2
164
1838

152.8
24.1
4691.1
951.1
275

1821.3
34.6
3009.5
35.5
56
100.7
8
17
520.6

46
9143.7
1284.5
100

946
35.2
71.5
298.4
43
4891.3
178.4
44179.1
2012

182.9

0.1
859.9

14.3
30
234.7
175

49.3
215.8
657.1
160.8
35.1
6
68.7
23
9261.7
65.8
7028
17
358.1
146

3
474.6
88.1
279.7
1109.1
167.5
15586.7
117.6
501
504
12702.3
8049.7
555
16
9754.4

593.2
380.5
45.5
40380.4

7
226.6
2210.3
413.2
15
6.8
8758

4837
640.4
227.6

899.5
2636.9
418.6
80
11.6
14429.8
825.8
22.3
21.4
45
6032.8

2.5
2166.8
135.1
3565.9

87.3
1
24.3

VWAP*
(RM)

PE#
(X)

DY
(%)

2.269 15.84
0.152

21.51
0.572

0.791 14.71

0.879 40.05
0.354

1.861

0.226

3.401 16.59
0.828
6.89
0.751
9.29
0.551

0.910

1.598

8.45
0.102

0.988 17.37
25.69
1.576 11.80
0.313

0.254

3.357
8.39
0.025
1.42
2.043 12.40
0.886 11.64
1.720 13.48

5.05

1.748
8.27
1.795 18.40

0.055

3.850 26.01
0.350

1.491 11.93
0.829
6.80
0.766 35.00
1.785
8.87

0.850 14.78

2.236 27.78
0.325 11.09
0.290

0.425

1.176 16.57
1.321

0.605
7.56
0.848
5.53

0.832
6.50
0.535

0.930
8.57
0.828 10.10
1.094 20.45
2.332
5.88
0.565 11.06
2.157 10.33
1.484
5.40

1.502 10.31
0.044

0.636

0.095

16.67
0.111

0.819 25.87
0.396

4.462 28.95
3.105 27.88
1.256
7.02
0.906 11.38
0.303

0.191

12.22
0.877 16.80
31.68

3.140 30.88
0.055

470.59
1.990 17.80
0.244

0.070 12.30
0.150

1.050 32.32
0.836
3.85
1.213 19.84
0.180 20.56
0.807
8.76
0.463

2.851 10.63
1.677 14.02
0.052

1.420

0.414 33.20
1.175 18.55
0.364 23.10
6.482 20.52

4.837 29.29
0.412 17.43
0.301

7.831 43.61
0.620
9.86
0.550
9.09
0.560
8.56
0.110

0.015

0.025

0.396

0.496
2550
0.065

3.490 10.93
0.785

10.95
0.574

1.043 10.32
0.710

0.585 15.83
28.25

8.44
1.730 10.49
0.892
4.62
0.085

0.633
9.88
3.183 11.52
1.770 15.90
0.906 10.29

0.276

0.617 10.78
1.324
9.45
11.29
0.070

6.626 20.21
1.921 19.45
0.694
8.10
6.035 11.25
0.113

21.896 27.62
4.122
6.59
1.927 19.61
1.447 12.08
4.078 17.42

11.28

7.32
0.328 71.74
0.683
8.12
0.678 24.28
0.093 32.76
14.33
31.87
5.750

0.485 13.62
0.780 11.03

5.29

1.90

5.65

1.60

6.31
5.00
2.71
2.57

1.52

2.55

1.20

3.00
5.56
1.74

4.86
2.15

1.17

2.01

4.47

7.06

2.46

3.39
1.48
3.47

1.87
1.09
0.59
2.29
6.44
1.86
6.94
10.14
10.71

3.33

4.27

1.81

3.02
4.95
1.02

3.50
1.78

0.96

1.72

2.00

2.83
4.73
0.83
2.16
1.82

0.70
3.57

2.84

2.54

1.85

2.07
1.90

2.55
3.20
7.27
2.68

4.30
0.83
1.69

1.90

2.00
4.96
3.49

1.69

3.20
3.76
3.13

2.56

4.32
6.28

2.74
4.85
1.25
2.80
2.20

2.96
0.74

2.47
3.85

MKT CAP
(MIL)
46.5
40.4
69.3
76.5
240.6
7.0
118.9
77.7
982.7
65.8
116.3
685.4
99.6
208.3
39.7
55.6
395.0
22.6
27.7
510.8
123.6
294.7
52.6
23.0
31.3
641.8
40.9
1,076.5
411.9
206.4
72.5
46.7
524.2
204.4
42.6
24.3
4,136.3
15.9
792.1
115.5
430.3
680.2
0.5
85.0
27.8
614.8
34.0
51.4
88.7
5.1
94.4
194.7
2,609.9
106.2
179.8
161.7
142.1
88.8
778.7
188.9
92.8
515.9
55.4
529.8
152.7
261.2
122.4
242.2
70.2
93.1
43.7
75.1
58.1
227.9
41.9
7,270.1
171.9
609.8
182.3
380.2
258.7
40.6
235.5
25.6
28.1
1,504.4
49.9
88.4
163.2
32.0
70.6
67.4
13.9
134.4
210.2
1,178.2
88.0
81.7
29.7
1,265.9
261.4
52.5
363.5
894.8
80.3
45.5
4,143.8
23.1
1,745.9
40.3
45.0
6,670.1
155.3
198.0
173.6
37.0
19.7
34.8
276.4
65.3
103.9
145.1
191.9
32.2
24.2
96.6
32.0
129.3
35.0
48.6
206.4
188.0
55.6
140.6
318.0
539.9
249.5
4.4
88.0
121.5
211.7
72.2
66.3
53,040.0
361.0
90.1
600.8
58.8
43,373.8
1,112.4
737.4
114.4
5,365.0
65.1
48.0
105.0
111.2
123.6
199.9
62.2
78.2
33.6
502.9
66.5
178.8

2 6 Markets

T HUR SDAY SEP TEM B ER 1 5 , 2 0 16 TH E EDGE F I N AN C I AL DAI LY

BURSA MAL AYSIA MAIN MARKET

YEAR
HIGH

YEAR
LOW

DAY
HIGH

DAY
LOW

4.147 3.456 3.880


3.880
7.980 4.855 6.900
6.870
1.205 0.772 0.930
0.930
1.800 1.230 1.250
1.230
3.629 2.730 3.200
3.010
0.990 0.660

6.737 6.010 6.250


6.180
0.475 0.280 0.295
0.290
0.320 0.135 0.145
0.135
1.304 0.580 0.850
0.840
0.350 0.195 0.200
0.195
0.770 0.260 0.265
0.260
6.350 2.600 3.070
3.040
0.673 0.397 0.455
0.455
0.710 0.480

1.431 1.083 1.280


1.230
3.073 1.479 2.480
2.440
0.818 0.587

1.170 0.690 1.170


1.060
0.425 0.230 0.295
0.295
2.240 1.400

2.504 1.296 1.700


1.680
2.309 1.278 2.180
2.150
3.501 1.879 2.190
2.120
4.730 3.410 3.490
3.410
0.545 0.235 0.445
0.420
0.830 0.310 0.335
0.330
15.100 13.376 14.820 14.800
14.940 14.940

0.190 0.090 0.120


0.110
0.455 0.220

2.210 0.700

1.720 0.955 1.070


1.070
0.495 0.230 0.340
0.320
4.580 1.684 4.330
4.250
2.553 1.292 1.720
1.700
0.800 0.600

2.294 1.630 1.660


1.630
2.090 1.638 2.040
2.040
6.940 4.200 4.740
4.600
0.695 0.510

0.270 0.140 0.180


0.180
1.670 1.293 1.650
1.640
6.860 3.421 4.300
4.220
1.460 0.700 1.230
1.230
1.700 0.610 1.150
1.130
1.633 1.130 1.360
1.320
1.253 0.635 0.885
0.860
0.400 0.280 0.385
0.385
2.150 1.430 1.530
1.500
2.781 1.793 2.000
1.980
0.740 0.490 0.710
0.705
0.600 0.405 0.510
0.510
2.345 1.990 2.020
2.000
1.506 0.894 1.060
1.050
1.391 0.830 1.030
1.020
1.080 0.790 0.830
0.830
0.395 0.160 0.380
0.355
0.800 0.450 0.450
0.450
CONSTRUCTION
0.560 0.290

0.150 0.100 0.130


0.125
0.752 0.539 0.655
0.635
0.738 0.572 0.635
0.635
0.650 0.395 0.415
0.395
0.490 0.360 0.385
0.380
1.044 0.825 0.840
0.835
1.054 0.805 0.910
0.895
1.818 1.500

1.610 0.843 1.560


1.530
1.860 0.840 1.820
1.810
0.625 0.369 0.510
0.505
3.040 1.197 2.920
2.860
4.939 4.120 4.910
4.840
1.200 0.780 0.970
0.935
1.140 0.750 0.835
0.820
1.240 1.240

1.290 1.290

2.103 1.601 1.740


1.720
3.566 3.010 3.430
3.380
0.804 0.602 0.670
0.660
0.672 0.480 0.515
0.515
1.280 0.805 1.010
1.000
0.380 0.195 0.240
0.210
2.487 1.386 2.310
2.260
2.060 1.114 2.030
1.980
1.540 1.090

0.960 0.660

0.450 0.245

1.470 0.983 1.420


1.390
0.715 0.330

0.350 0.205 0.275


0.255
1.520 0.975 1.040
1.020
2.465 1.927 2.300
2.260
0.556 0.322 0.420
0.410
1.422 1.150

1.783 1.327 1.570


1.540
0.165 0.110 0.120
0.115
3.780 3.009 3.420
3.350
0.912 0.405 0.460
0.435
1.720 1.090 1.640
1.610
0.475 0.300 0.370
0.350
0.513 0.303 0.425
0.420
2.400 0.870 1.840
1.710
0.728 0.440 0.455
0.440
1.050 0.800 0.920
0.905
1.737 1.175 1.640
1.620
0.865 0.550 0.580
0.580
0.300 0.145 0.185
0.180
TRADING SERVICES
0.495 0.175 0.400
0.385
0.507 0.230 0.230
0.230
3.000 2.434 2.830
2.780
0.245 0.165 0.200
0.195
3.300 1.169 2.950
2.870
6.871 4.683 6.520
6.440
0.545 0.270 0.275
0.270
0.200 0.075 0.190
0.185
9.824 8.560 8.600
8.560
2.780 1.607 2.330
2.330
0.345 0.040 0.045
0.045
1.145 0.641 0.735
0.725
0.150 0.110 0.115
0.110
3.010 2.351 2.950
2.860
5.200 4.056

0.910 0.309 0.845


0.815
6.392 5.071 5.490
5.300
0.410 0.212 0.410
0.360
1.060 0.640 0.665
0.650
0.570 0.335 0.405
0.400
0.375 0.185 0.205
0.200
7.067 6.238

1.740 1.065 1.740


1.650
2.440 1.664 2.260
2.230
0.440 0.325 0.345
0.335
2.599 1.230 1.590
1.570
0.855 0.610 0.665
0.620
0.460 0.350 0.370
0.360
3.400 2.821 3.380
3.320
0.215 0.170 0.175
0.170
1.170 0.575 0.850
0.850
2.727 1.788 2.170
2.160
0.860 0.350 0.355
0.350
2.140 1.490 1.490
1.490
3.872 2.542 3.130
3.130
1.050 0.744 0.970
0.915
0.508 0.376 0.440
0.435
0.600 0.385 0.545
0.490
0.105 0.065

0.910 0.675

0.055 0.035 0.040


0.035
2.190 1.473 2.060
2.020
1.330 0.790 1.300
1.270
0.120 0.065 0.065
0.065
1.950 0.985 1.000
0.985
1.328 0.854 1.050
1.050
0.895 0.525 0.895
0.830
1.668 1.480 1.550
1.530
6.020 3.438 5.410
5.270
1.673 1.047 1.520
1.470
0.380 0.220

1.356 0.745 0.820


0.810
0.365 0.210 0.235
0.235
0.295 0.195 0.220
0.220
* Volume Weighted Average Price

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
3.390
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
2.587
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
1.020
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
1.760
FINANCE
15.180
2.414
4.296
10.903
10.614
4.873
1.873
4.180
9.430
4.964
0.500
1.256
13.760
10.100
16.300
2.660
0.868
0.955
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

3.880
6.870
0.930
1.240
3.150
0.680
6.200
0.295
0.140
0.845
0.200
0.265
3.050
0.455
0.550
1.280
2.470
0.640
1.120
0.295
1.500
1.700
2.180
2.160
3.490
0.435
0.330
14.820
14.940
0.120
0.440
1.100
1.070
0.340
4.320
1.700
0.660
1.660
2.040
4.650
0.530
0.180
1.650
4.220
1.230
1.140
1.340
0.870
0.385
1.530
1.990
0.705
0.510
2.020
1.060
1.020
0.830
0.365
0.450

-0.060
-0.040
UNCH
UNCH
0.090

-0.020
UNCH
-0.005
-0.015
-0.005
-0.010
-0.020
-0.010

0.030
-0.050

0.060
UNCH

UNCH
-0.020
0.010
UNCH
0.010
UNCH
UNCH

UNCH

UNCH
0.025
0.020
-0.010

0.030
0.010
UNCH

UNCH
UNCH
UNCH
UNCH
-0.010
0.010
-0.025
UNCH
UNCH
-0.020
UNCH
-0.005
UNCH
UNCH
-0.010
-0.010
UNCH
-0.020

2
9.9
5.5
142.2
270.3

202
52.3
237
40.6
135
161.7
113.9
10

2585.7
67.6

2592.1
41

145.4
83.7
3536.9
216.8
1094.2
22
10.5

109.5

25
30
167.1
22.5

99
4
5376.2

20
131.8
77.4
51.1
711.4
3338.6
1809.8
47.2
16
48
75.9
10
7
561
236.7
53
5447.5
10

3.880 22.72
6.889 10.19
0.930 10.18
1.235 16.38
3.100 19.31

6.205 11.92
0.295

0.140

0.843 43.33
0.199

0.261

3.060
6.07
0.455 10.00

1.255 17.32
2.456 22.17

1.111

0.295

1.686
8.48
2.158 10.39
2.160 14.16
3.427
9.17
0.430

0.332

14.801 23.34

0.115

6.49
1.070

0.333

4.271
8.36
1.706
5.15
37.93
1.650 10.81
2.040 19.39
4.692 14.57
29.28
0.180 100.00
1.649 13.18
4.257 17.87
1.230
9.61
1.144

1.344 25.38
0.871

0.385

1.517
8.00
1.991 18.26
0.709

0.510 16.19
2.009 20.78
1.060
9.04
1.024 16.29
0.830 15.49
0.366

0.450

1.29
2.18
6.45
4.84
2.86

2.02

3.55

2.64

2.73
1.21
3.91

4.71
2.52
1.85
3.58

6.75
7.36

1.39
9.23

5.06
4.90
2.58
1.89

6.39
2.84
2.44

4.10
1.72

1.96
4.62

4.95
2.35
1.64
2.41

531.3
864.8
67.7
393.1
415.8
50.0
2,852.0
25.8
47.9
198.8
100.0
21.2
915.0
85.3
22.0
1,501.1
610.9
28.7
469.7
26.5
313.5
204.0
174.4
1,469.1
1,552.5
213.0
59.4
1,832.1
5.0
18.6
28.3
44.1
43.2
52.0
454.8
246.1
58.8
272.6
260.0
5,834.9
56.7
41.2
732.1
612.7
98.4
133.8
1,575.9
674.2
32.5
204.0
660.0
64.6
20.4
484.8
510.2
347.2
132.8
127.1
46.3

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
0.130
0.645
0.635
0.410
0.385
0.835
0.900
1.500
1.550
1.820
0.505
2.890
4.900
0.945
0.835
1.240
1.290
1.740
3.390
0.660
0.515
1.000
0.230
2.300
2.030
1.540
0.795
0.260
1.410
0.715
0.270
1.030
2.300
0.415
1.220
1.550
0.120
3.390
0.450
1.620
0.360
0.425
1.790
0.455
0.920
1.640
0.580
0.180

UNCH
0.010
-0.025
-0.010
UNCH
-0.010
0.005

UNCH
UNCH
-0.005
-0.030
0.030
-0.005
0.010

0.020
-0.020
-0.010
UNCH
-0.010
UNCH
-0.020
0.010

0.020

0.015
-0.020
0.010
-0.010

-0.040
UNCH
-0.070
0.005
-0.010
0.005
UNCH
-0.010
-0.005
0.015
UNCH
-0.005
-0.010

44
813.7
10
1043.9
148.4
141
10.8

1777.9
508.5
71.3
1292.6
4269.2
5350.8
225.5

662.1
2219.9
311.7
10
1242.1
42
456.4
677.4

1153.2

354.7
235.5
298.5
839

1080.7
58.3
400.6
691.7
2111.9
9864.9
136.3
30.4
10.1
750.2
382
24.1
1285.7

0.130 433.33
0.645 15.36
0.635
7.35
0.405 18.64
0.381 31.82
0.838 24.20
0.900 20.88

6.15
1.544 12.57
1.814
9.95
0.506 14.15
2.877
6.89
4.861 18.81
0.945

0.829
3.81

1.736 14.08
3.392 21.17
0.661 14.70
0.515

1.004
9.52
0.219

2.281
6.33
2.008
7.22

4.92

1.409
9.31

6.17
0.264

1.029

2.283 11.71
0.413 16.27
48.41
1.552
8.18
0.116 12.63
3.392 30.82
0.447

1.622 18.16
0.359 12.68
0.421
8.89
1.788
4.90
0.452 54.17
0.912 37.25
1.625 10.46
0.580
2.22
0.181

3.10
6.30
0.73
5.19
3.59
4.44
2.00
2.26
1.10
2.48
1.73
2.45

2.02
1.16
1.38
2.06
1.52

1.74
2.86

2.20

3.55

2.17
2.41
4.10
5.81

5.60
1.11
2.78

1.53

1.83

15.6
37.9
311.9
192.9
332.8
93.5
288.5
159.2
139.0
829.3
1,556.9
183.2
747.4
11,858.8
369.4
292.2
8.5
23.3
1,013.9
12,208.9
343.2
88.0
438.4
43.2
1,166.1
629.9
210.2
95.4
17.4
943.9
64.1
62.5
569.0
1,108.9
271.7
111.4
526.8
38.0
554.4
348.3
2,094.5
115.3
204.2
121.2
79.4
922.5
2,063.0
69.1
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

0.390
0.230
2.830
0.200
2.880
6.450
0.275
0.190
8.560
2.330
0.045
0.735
0.115
2.950
4.990
0.830
5.310
0.395
0.650
0.405
0.200
6.710
1.700
2.250
0.335
1.580
0.665
0.370
3.350
0.175
0.850
2.160
0.350
1.490
3.130
0.960
0.440
0.525
0.080
0.740
0.040
2.030
1.300
0.065
0.990
1.050
0.865
1.550
5.290
1.510
0.220
0.810
0.235
0.220

-0.010 20683.2
UNCH
172.2
-0.010 6204.4
UNCH
72
-0.090 6773.2
UNCH
694.3
UNCH
837.5
UNCH
125.3
-0.040
14.1
-0.010
0.1
-0.005
593.1
0.005 3656.3
UNCH
118
0.070 1651.9

-0.010 6360.4
-0.180 7150.8
0.040 13086.8
-0.025
51.2
-0.005
105
-0.005
30

-0.010
29.5
0.020
1513
-0.010 1176.3
-0.020
275.1
0.015
6
UNCH
18
-0.030
152.7
UNCH 2675.6
UNCH
10
-0.020
83.6
-0.005
12
UNCH
10.2
UNCH
4.1
0.020
13558
UNCH
9
0.005 1494.3

UNCH
3195
-0.020
46.5
UNCH 2090.9
-0.005
120
-0.020
974.3
-0.010
24
0.030 16011.1
0.010 4723.3
-0.150
152
0.030 2737.7

-0.010
220.7
-0.035
110
0.005
320.1

43.48
1.41

1.39
1.32

3.50
1.29

1.12
2.17
4.46
5.39

3.77
2.53
3.08

3.58

4.51
2.99
3.48

4.93

6.59

1.34
1.60
4.17
1.70
1.09
3.75
4.05

2.46

3.54
4.52

1.42
1.80
1.99

2.78

1,617.8
94.3
3,973.3
32.0
8,015.0
10,701.8
254.2
45.5
1,407.1
139.9
21.5
4,311.7
76.4
15,354.8
1,265.7
217.7
47,397.9
150.3
536.3
169.8
42.9
3,086.6
527.1
2,581.8
1,649.4
597.7
3,325.2
87.0
4,526.0
530.0
200.8
4,378.3
81.9
324.4
315.3
368.1
56.2
88.6
57.6
90.6
85.4
513.5
193.7
120.4
868.3
420.0
909.8
8,197.5
834.0
2,038.5
54.0
408.2
14.1
68.5

# PE is calculated based on latest 12 months reported Earnings Per Share

0.390
0.230
2.793
0.199
2.892
6.470
0.270
0.186
8.599
2.330
0.045
0.733
0.115
2.905

0.832
5.380
0.391
0.654
0.401
0.204

1.656
2.248
0.339
1.577
0.641
0.364
3.341
0.174
0.850
2.160
0.352
1.490
3.130
0.943
0.438
0.529

0.035
2.027
1.298
0.065
0.991
1.050
0.868
1.539
5.320
1.486

0.813
0.235
0.220

66.10

34.22
17.24
5.86

14.18

34.24
9.88

23.77
27.61
12.24
24.22
9.43
72.22

21.84

13.78

29.48

14.65
16.06

24.19
23.65
45.15
5.97
16.11
23.16
40.70

5.71
23.53
10.25
12.75

11.72
12.59
22.88
27.19
18.02
28.49

8.75

YEAR
LOW

DAY
HIGH

DAY
LOW

2.910 3.450
3.400
0.202 0.240
0.235
0.790

1.058 1.320
1.300
1.060 1.340
1.310
0.550 0.560
0.560
0.400 0.420
0.420
1.140

0.125 0.155
0.150
0.110 0.210
0.210
2.045 2.540
2.510
1.054 1.570
1.540
3.806 4.490
4.430
6.875 7.840
7.750
1.309 2.870
2.790
0.380

2.017 3.390
3.320
0.060

0.240

5.115 7.700
7.520
0.880 1.000
0.990
2.665 3.150
3.150
0.005 0.010
0.005
0.300 0.305
0.300
5.743 6.630
6.600
0.725

0.890

1.520 1.530
1.520
0.210 0.250
0.245
0.315 0.325
0.325
0.180 0.280
0.250
1.630 1.840
1.820
0.226 0.290
0.285
1.231

4.052 4.240
4.190
0.923 1.150
1.130
0.375 0.530
0.530
0.135 0.140
0.140
0.232 0.415
0.405
0.230 0.290
0.290
0.470 0.495
0.470
1.153 1.690
1.670
2.162 2.340
2.310
1.446 1.660
1.640
0.131 0.155
0.150
5.270 6.230
6.110
0.510 0.745
0.730
1.891 2.540
2.510
0.740 1.120
1.120
1.012 1.320
1.300
0.482 0.715
0.700
0.570 0.645
0.640
1.634 2.010
1.980
0.875 1.000
0.990
6.789 7.610
7.510
1.580 2.270
2.200
0.260 0.285
0.280
0.060 0.080
0.075
0.145 0.150
0.145
0.215 0.220
0.215
2.100 2.170
2.100
0.560 0.840
0.800
0.065 0.080
0.080
0.660 0.680
0.680
0.630 0.810
0.795
1.245 1.980
1.940
0.080 0.085
0.080
1.890 2.260
2.170
0.392 0.430
0.425
0.545 0.550
0.545
0.715 0.885
0.790
0.976 1.150
1.110
0.055 0.070
0.070
0.910 1.000
1.000
1.530

0.135 0.140
0.135
0.135 0.145
0.145
1.440 1.610
1.590
20.966 23.380 23.280
0.030

5.412 5.620
5.620
0.135 0.140
0.140
0.205

1.968 3.250
3.180
1.690 2.200
2.160
2.150 2.220
2.200
0.774 0.960
0.935
0.125 0.175
0.170
0.340 0.350
0.345
0.528 0.600
0.580
0.616 1.020
0.980
0.400

0.100

1.698 2.100
2.100
0.130 0.135
0.130
0.175 0.180
0.175
0.968

1.120 1.180
1.160
1.293 1.510
1.500
6.940 7.750
7.650
0.700

1.290 1.560
1.530
1.270 1.380
1.320
2.206 2.560
2.530
2.280

0.085 0.095
0.090
1.820 1.980
1.960
0.295 0.305
0.295
1.159 1.470
1.450
1.400 1.510
1.500
10.949 14.500 14.320
1.323 1.600
1.570
0.275

0.060 0.180
0.175
6.186 6.890
6.810
0.530 0.960
0.955
0.944 1.650
1.570
0.330 0.380
0.380
2.520 3.200
3.200
0.800

2.314

0.875 0.905
0.885
1.060 1.180
1.150
0.455

1.610 1.670
1.670
0.400 0.650
0.650
2.030

0.410

3.501 4.410
4.350
0.916 1.160
1.130
0.025

2.494 3.300
3.250
0.530 1.100
1.080
1.450 1.750
1.720
10.535
2.074
3.018
9.702
9.572
4.077
1.446
3.170
7.517
3.789
0.310
1.153
12.164
7.327
12.497
1.873
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

14.880
2.140
3.880
10.280

4.260
1.540
4.000
8.990
4.740

1.190
13.040

15.780

0.685

0.140
0.495
16.200
0.980

7.940
0.865
3.010
1.380
1.290
19.760

14.580
2.120
3.830
10.240

4.200
1.530
3.900
8.750
4.660

1.180
12.840

15.100

0.680

0.135
0.475
15.980
0.965

7.830
0.835
2.980
1.370
1.280
19.420

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)

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

3.450
0.235
0.900
1.310
1.330
0.560
0.420
1.200
0.155
0.210
2.510
1.570
4.450
7.770
2.840
0.395
3.390
0.065
0.260
7.700
0.990
3.150
0.005
0.300
6.610
0.775
0.890
1.520
0.250
0.325
0.250
1.840
0.285
1.280
4.240
1.150
0.530
0.140
0.410
0.290
0.480
1.690
2.340
1.660
0.150
6.150
0.745
2.530
1.120
1.310
0.715
0.640
2.010
1.000
7.550
2.200
0.280
0.075
0.150
0.215
2.150
0.840
0.080
0.680
0.800
1.970
0.085
2.170
0.425
0.550
0.810
1.150
0.070
1.000
1.540
0.135
0.145
1.590
23.360
0.055
5.620
0.140
0.225
3.200
2.180
2.200
0.950
0.170
0.345
0.585
1.020
0.400
0.110
2.100
0.130
0.180
1.020
1.160
1.510
7.660
0.800
1.550
1.370
2.540
2.300
0.090
1.980
0.300
1.450
1.500
14.400
1.600
0.305
0.175
6.880
0.960
1.620
0.380
3.200
0.800
2.630
0.885
1.170
0.460
1.670
0.650
2.030
0.430
4.410
1.150
0.040
3.290
1.080
1.730

0.050
124.8
-0.005
70.7

-0.020
54.7
-0.020
390.8
UNCH
585
-0.010
35

UNCH 1070.1
0.010
2
-0.030
12.1
-0.010
84
-0.050 2452.8
-0.070 4623.6
-0.060 2403.8

0.030
112.3

0.080
733
-0.010
61
UNCH
0.6
UNCH 2107.5
-0.005 1291.4
-0.010 5482.8

-0.030
17.5
0.005
180
-0.005
6.8
-0.015
20.1
UNCH
48.6
UNCH
40

0.040
945.5
UNCH
176.6
-0.005
18.1
-0.005
240
-0.005 1200.6
UNCH
322
0.010
24.2
-0.010
83.9
0.010
182.5
0.010 12068.2
-0.005
177
-0.080 3363.1
-0.010
394.6
-0.070
296.3
0.010
19.8
-0.010
128.3
UNCH
24.7
-0.060
9
UNCH
24.2
UNCH 1152.5
-0.060 3973.6
-0.040
291.7
-0.010
199.1
UNCH
1257
0.005 2063.5
UNCH 2690.7
UNCH 6741.8
0.050
31.8
UNCH
192.1
-0.020
10
UNCH
443.4
-0.020
263.8
UNCH 1146.3
-0.080
582.5
UNCH
85.6
UNCH
241.8
0.030 23252.4
0.020
239.1
UNCH 3335.5
0.005
1.5

-0.005 7052.1
UNCH
60
-0.030 1548.8
-0.020
690.7

0.020
2
UNCH
280

-0.060
841
-0.040
480
-0.030
23
UNCH
756.4
UNCH 3955.3
-0.005
25
-0.015 1431.8
0.040
430.2

UNCH
9.6
-0.005 1048.3
UNCH
333

-0.010
841
-0.010
1046
-0.130 3282.6

-0.020 9329.1
0.050
227.1
-0.010
475.7

-0.005 6627.1
0.020
12
-0.005
316
-0.010
109.4
UNCH
160
-0.140 9009.6
0.030
5.1

-0.005 1409.4
UNCH 6691.4
-0.005
192.3
0.030
782.9
-0.050
1.4
UNCH
5

-0.025 4225.8
UNCH
9.3

-0.060
3
UNCH
2.6

0.020 2067.5
UNCH
44

0.030
621.5
-0.020
690.4
-0.010 12546.7

3.410
0.240

1.313
1.320
0.560
0.420

0.150
0.210
2.524
1.561
4.455
7.774
2.832

3.354

7.603
0.992
3.150
0.005
0.300
6.616

1.530
0.248
0.325
0.261
1.820
0.286

4.202
1.141
0.530
0.140
0.409
0.290
0.482
1.677
2.324
1.651
0.150
6.156
0.739
2.524
1.120
1.319
0.715
0.643
1.994
0.997
7.546
2.225
0.281
0.075
0.145
0.215
2.141
0.823
0.080
0.680
0.800
1.963
0.080
2.189
0.425
0.547
0.836
1.136
0.070
1.000

0.136
0.145
1.606
23.346

5.620
0.140

3.199
2.179
2.209
0.945
0.170
0.347
0.587
1.001

2.100
0.131
0.176

1.165
1.510
7.686

1.542
1.379
2.545

0.090
1.962
0.300
1.460
1.500
14.397
1.571

0.177
6.878
0.957
1.619
0.380
3.200

0.892
1.177

1.670
0.650

4.388
1.143

3.283
1.085
1.734

26.06
3.87
10.99
7.47
8.41
5.50
43.75
10.48
96.88

28.20
59.70
19.32
25.66
15.49

18.14

8.70
17.88
6.72
15.67

53.52

8.84

8.87

34.36
4.09
4.55

21.81
27.10

9.26
19.90
3.39
9.15
24.38

17.39
40.43
12.01
3.14
9.77
5.90

10.68

12.12
8.52

5.06
36.13

44.44
11.68
14.63
15.55

39.17
12.54
9.17

8.64

22.68

16.22
32.59
3.67
20.97

23.81
70.78

13.51
9.71

24.40

17.78
86.67

4.76
59.18
29.38
19.80
24.32

39.14
14.19
16.97
15.25
10.17
46.88
20.54
9.83
12.65

31.53
95.05
7.54
48.72
34.45
16.60
11.93

14.20

54.75
95.59
83.54
19.20
25.33
14.13

14.60
17.39
19.44

4.35

3.89
3.05
0.56
4.46
1.43
4.17

3.49
0.64
1.64
0.45
1.76
1.52
4.42

3.25
2.53
4.76

0.45
3.23
3.37
2.30

4.89
1.75
1.56
1.60
3.48

1.22

4.14
5.56
3.31
4.67
3.25
1.34
2.37

5.34
6.31

3.48

4.30
1.73
2.14

0.56

1.47
0.75
3.05

4.71
3.80

3.26

2.00
1.30

1.10
2.57

4.45
4.36

3.66
1.61

1.89
2.94

3.42
2.94

4.29

4.41
11.21
1.52
3.26
1.25
0.87
1.17
7.09
2.61

3.54

5.52
3.00
2.01
9.38

3.11
0.15
3.09

1.17
6.25
2.28

2.99

3.20

2.97
1.30

0.61

5.49

2,869.1
166.6
210.6
170.3
404.4
296.7
201.8
214.6
163.3
26.8
3,222.8
2,171.7
26,424.3
29,137.7
853.2
93.3
685.4
5.2
41.6
19,170.5
396.4
215.7
63.3
353.2
54,411.1
138.0
64.5
212.8
37.9
64.3
31.5
517.7
63.4
127.5
4,500.8
573.9
78.3
56.4
228.2
52.7
111.2
465.2
3,364.3
8,300.0
158.1
46,188.2
745.0
988.5
102.9
1,453.1
1,206.4
26.9
807.8
1,600.0
33,701.6
6,699.1
45.6
56.9
439.9
735.9
5,169.0
50.5
69.1
69.9
697.2
912.6
87.0
507.8
119.0
339.1
886.1
381.0
60.9
321.8
1,198.8
168.5
28.4
1,186.7
23,207.1
2.8
1,457.7
92.1
11.3
1,718.5
1,055.1
220.0
843.9
224.3
296.2
396.5
138.7
74.3
24.9
746.5
249.3
421.5
53.3
867.8
1,862.4
48,465.4
32.4
9,287.8
227.6
1,876.0
140.3
348.0
570.6
360.0
1,753.8
300.0
81,268.0
198.6
116.4
196.2
25,854.6
1,663.6
681.8
15.6
219.2
86.4
107.0
1,913.4
150.4
50.9
485.9
85.8
136.4
19.2
15,038.1
207.0
24.4
3,595.3
173.2
18,690.8

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

14.680
2.120
3.860
10.260
10.200
4.200
1.540
3.900
8.990
4.700
0.400
1.180
12.860
10.100
15.560
2.640
0.685
0.955
0.140
0.475
16.140
0.980
2.830
7.890
0.855
3.000
1.380
1.290
19.460

-0.120
10.6
-0.010
974.5
-0.020
130.4
-0.020
17.1

-0.060 2640.9
-0.010
11
-0.120
904.6
0.220
482.7
-0.040 12650.8

-0.010
31.7
-0.220
1621

-0.360
361.4

UNCH
541

-0.005 1024.5
-0.005
37.6
0.140
92.5
0.010
167

-0.050 8908.8
0.010 7552.9
UNCH
58.6
UNCH
171.3
UNCH
22
-0.340
10751

14.666
2.134
3.849
10.254

4.213
1.537
3.952
8.817
4.698

1.184
12.874

15.473

0.684

0.136
0.480
16.054
0.970

7.867
0.850
2.995
1.380
1.288
19.485

73.03
9.10
11.06
5.52

9.82
19.20
10.87
23.93
12.12
61.54
9.74
12.49
39.45
12.68
18.42
5.88

20.93
11.75
32.89
19.83
12.44
17.00

19.17
14.02
14.52

4.05
3.77
3.76
0.63
0.76
3.69
3.25
3.13
3.89
2.98

5.72
3.12
0.84
2.44
3.79
1.46
8.38

4.65
6.12
3.18
6.34
3.39

8.06
2.98

2,113.9
4,119.1
5,975.7
1,771.4
904.8
12,659.6
328.9
6,195.8
4,821.1
41,025.6
114.6
282.8
27,876.9
2,493.7
17,855.4
673.6
474.9
126.6
87.2
347.6
5,358.3
286.8
572.7
78,969.7
4,958.0
639.2
986.7
317.3
75,546.4

Markets 2 7

THU R S DAY S E PT E MB E R 1 5 , 20 16 T HEED G E FINA NCIA L DA ILY

BURSA MAL AYSIA MAIN MARKET . ACE MARKET

YEAR
HIGH

YEAR
LOW

DAY
HIGH

DAY
LOW

CODE

1.230 0.667
6.217 4.514
0.675 0.490
4.440 3.654
1.720 1.063
PROPERTIES
0.925 0.729
1.200 0.760
0.495 0.383
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 1.978
1.080 0.545
1.838 1.364
0.335 0.225
1.670 1.200
0.900 0.590
2.286 1.681
0.920 0.710
0.563 0.443
0.898 0.700
0.448 0.347
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
2.650 1.860
0.500 0.340
1.140 0.755
0.245 0.180
0.070 0.045
1.056 0.872
1.720 1.080
0.460 0.330
1.471 1.250
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 0.590
0.356 0.255
2.980 1.987
0.457 0.300
0.255 0.140
1.482 0.994
1.300 0.630
0.390 0.255
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 0.773
0.910 0.680
1.051 0.847
0.635 0.400
3.088 2.625
0.185 0.130
0.976 0.726
5.482 4.212
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 1.125
0.180 0.065
0.580 0.195
0.090 0.045
1.800 1.350
1.149 0.816
1.344 0.907
2.740 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 6.971
2.390 1.248
11.516 9.534
0.687 0.500
1.580 0.983
1.020 0.790
2.459 1.914
3.746 2.957
0.735 0.637
0.785 0.550
4.985 3.707
25.000 20.303
3.569 3.000
3.535 2.318
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 0.538
1.480 1.060
1.750 1.300
2.177 1.712
6.124 5.353
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 1.306
1.949 0.582
2.023 1.337
1.190 0.710
0.305 0.220
0.289 0.200
6.696 2.750
0.690 0.510
3.876 2.523
0.170 0.100
0.828 0.496
8.200 3.700
0.245 0.105
10.480 6.303

1.180
4.860
0.495
4.200
1.600

1.140
4.750
0.490
4.160
1.550

9296
1066
4898
6139
5230

0.835
1.100
0.435
0.165
0.450
0.600
0.760

1.500
1.350
2.190
0.690
1.670
0.275
1.310

1.920

0.505
0.775
0.390
0.365
1.240

1.830
0.585

2.500
2.630
0.410
0.900
0.210
0.055
0.900
1.140
0.435
1.300

0.250
0.980
1.620
0.640
2.540

0.500
0.905
0.295
2.770
0.315
0.170
1.280

1.720
2.980
1.580
1.360
0.550
1.510
1.720
0.250
1.200
0.700
0.875
0.410
3.050
0.140

4.620
3.350
0.860
3.140
0.695
0.235

0.045
1.510
0.065
0.220

1.520
1.040
1.080
2.700
1.080
0.940

0.590

0.820
1.010
0.435
0.160
0.450
0.585
0.720

1.470
1.350
2.180
0.680
1.660
0.265
1.290

1.850

0.500
0.760
0.385
0.355
1.220

1.820
0.560

2.470
2.590
0.405
0.890
0.205
0.055
0.900
1.130
0.425
1.250

0.250
0.980
1.580
0.625
2.510

0.490
0.880
0.295
2.740
0.310
0.165
1.250

1.720
2.980
1.560
1.350
0.530
1.500
1.720
0.250
1.150
0.685
0.875
0.405
2.980
0.135

4.610
3.250
0.830
3.070
0.690
0.230

0.045
1.490
0.065
0.220

1.480
1.020
1.070
2.590
1.050
0.940

0.575

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

COUNTER

CLOSING
(RM)

+/
(RM)

VOL
(000)

VWAP*
(RM)

PE#
(X)

DY
(%)

MKT CAP
(MIL)

RCECAP
RHBBANK
TA
TAKAFUL
TUNEPRO

1.170
4.800
0.495
4.160
1.560

0.010
-0.050
UNCH
-0.070
-0.040

677.2
1492.8
308.4
136.2
4465.8

1.154
4.791
0.493
4.180
1.568

7.92
8.26

20.85
13.73

2.99
1.04
1.11
3.45
3.21

402.5
19,248.2
847.4
3,415.1
1,172.7

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

0.820
1.100
0.435
0.165
0.450
0.600
0.750
1.110
1.500
1.350
2.180
0.680
1.670
0.275
1.290
0.690
1.850
0.780
0.505
0.775
0.385
0.365
1.240
0.415
1.820
0.570
0.990
2.480
2.620
0.405
0.895
0.210
0.055
0.900
1.140
0.435
1.260
1.720
0.250
0.980
1.620
0.640
2.540
1.150
0.490
0.900
0.295
2.750
0.315
0.170
1.280
0.640
0.265
1.720
2.980
1.570
1.350
0.550
1.500
1.720
0.250
1.200
0.700
0.875
0.410
3.000
0.135
0.840
4.620
3.260
0.850
3.130
0.690
0.235
6.190
0.045
1.510
0.065
0.220
0.050
1.510
1.030
1.080
2.610
1.050
0.940
1.610
0.580

-0.015
0.090
UNCH
UNCH
0.005
0.010
-0.020

-0.030
-0.020
-0.020
-0.020
-0.010
UNCH
-0.020

-0.070

UNCH
0.015
0.005
0.005
0.020

UNCH
-0.010

-0.040
0.010
-0.005
-0.005
UNCH
UNCH
0.020
UNCH
UNCH
-0.040

UNCH
UNCH
0.030
UNCH
0.030

-0.010
-0.015
-0.005
-0.020
UNCH
0.010
0.020

0.010
0.030
-0.010
-0.010
UNCH
UNCH
UNCH
UNCH
0.020
0.010
-0.015
UNCH
UNCH
-0.005

UNCH
-0.020
0.010
0.040
-0.005
UNCH

UNCH
UNCH
-0.005
UNCH

UNCH
-0.010
-0.010
-0.070
UNCH
UNCH

0.005

163.1
1432.6
5.6
126.5
10
80
13

4.5
15
7
86
636.5
206.5
987

10.3

144.2
100
22.5
1384
128

44.5
226.8

198.4
3471.8
45.7
1485
179
247.5
2
292.1
1518.6
124

56
20
2312.3
438.1
351.9

1474
736.4
366.8
200.5
194.6
40
1420.9

4.5
2
234.6
234.1
247.5
899.8
61.3
56
632.8
516
1
20.7
13.7
140.9

34
1949.4
159.4
447.9
107.5
133.7

1224.1
329.7
105
30

289
136.5
1837.3
1574.2
184.7
0.3

119.3

0.830 17.98
1.092 17.57
0.435

0.165
1.99
0.450
6.62
0.594

0.731

1.473 25.82
1.350
7.79
2.187 24.25
0.684

1.670 121.90
0.271 12.01
1.297 36.03
13.12
1.918 37.37
35.29
0.500
3.21
0.772
6.88
0.385
7.43
0.361

1.229
6.53

1.820
4.62
0.569 11.13
10.25
2.496 16.16
2.602
9.92
0.407 22.13
0.895 279.69
0.208
7.47
0.055

0.900
6.87
1.134
5.38
0.430
5.62
1.282
3.87
11.80
0.250

0.980
0.88
1.596 11.34
0.632
7.70
2.520
9.71
19.76
0.495

0.899
7.46
0.295
5.60
2.751
6.42
0.310 23.16
0.167

1.257 27.23

5.10
18.15
1.720

2.980 10.75
1.565
3.44
1.359
8.91
0.542

1.500 15.58
1.720 12.93
0.250
4.76
1.177
1090
0.690 46.98
0.875 14.23
0.408 24.40
2.992
9.10
0.139

13.23
4.619
3.20
3.283 12.81
0.841 20.58
3.116
9.40
0.690 12.41
0.234

22.82
0.045

1.500
6.74
0.065

0.220 14.10

1.498
7.83
1.030
7.39
1.078 29.59
2.615
8.08
1.061 37.10
0.940 12.13
31.63
0.577 28.02

3.66
1.36
4.60
1.82

1.33

3.33
5.19
2.29

1.20

1.62

3.96
5.16
2.60
1.37
1.61

7.14
2.28
3.54
4.03
3.05

1.43

3.33
6.14
4.60
5.56
2.03

8.16
4.01
4.69
5.87
1.74

7.25
2.55
9.52

1.95

2.03
2.68
3.18
6.11

4.67
2.62

2.50
0.66
2.86

6.67

2.38
2.60
6.65

3.51
2.90
1.40
1.62

5.96

2.98
6.80
1.48
5.75
2.86
9.31

496.2
401.6
126.7
163.8
185.6
124.1
834.8
306.0
420.7
135.0
462.6
210.4
2,108.1
220.9
3,049.9
192.3
252.0
99.8
70.9
564.1
144.6
166.0
868.6
16.6
480.5
567.2
491.4
3,384.7
11,589.9
198.5
659.3
159.2
317.7
172.5
1,182.8
479.9
97.7
1,060.8
90.4
326.2
3,903.3
287.0
1,449.4
1,535.0
241.4
240.4
75.8
1,153.5
380.3
48.9
2,662.7
36.1
202.5
430.0
431.7
2,202.5
571.0
113.3
793.3
656.2
86.5
167.5
164.4
372.9
90.8
726.4
28.3
410.9
1,587.5
9,185.7
679.0
6,441.7
213.9
1,250.6
463.3
189.9
644.2
21.8
82.9
69.5
553.7
1,490.9
4,900.4
4,260.7
511.3
187.4
851.7
489.7

2186

KUCHAI

1.200

0.210
18.080

1.490
0.665
7.730
0.420

2.240
10.840

2.450
3.300
0.700

4.490
23.920
3.250
3.290
0.530

0.815

0.215

0.485
3.620

3.830

0.665
1.100
1.710
1.870
5.720
27.800

0.210
18.040

1.480
0.660
7.730
0.420

2.200
10.600

2.400
3.300
0.700

4.410
23.700
3.250
3.260
0.525

0.810

0.215

0.485
3.620

3.790

0.655
1.100
1.700
1.830
5.720
27.500

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

0.210
18.080
8.500
1.490
0.665
7.730
0.420
7.850
2.220
10.820
0.520
1.430
0.820
2.450
3.300
0.700
0.650
4.480
23.820
3.250
3.290
0.530
1.240
1.550
0.810
2.290
4.000
0.215
0.930
0.485
3.620
3.100
0.550
3.790
1.760
0.660
1.100
1.710
1.850
5.720
27.800

0.005
0.040

UNCH
UNCH
0.010
-0.005

-0.010
0.100

0.050
0.010
UNCH

UNCH
-0.040
-0.050
0.010
UNCH

UNCH

-0.015

-0.005
UNCH

-0.080

-0.005
UNCH
0.020
-0.020
UNCH
0.340

10
11.2

126.6
146.1
1
4

8623.7
144.8

253.6
1078.9
5

6234.2
1427.6
2
25
705.5

19

72
5

298.7

574.3
29
98
188.8
7
0.3

0.780

5.380

0.765

5.320

5592
1643
1287
5517

GCE
LANDMRK
PMHLDG
SHANG

0.600
0.775
0.255
5.320

-0.015

UNCH

69.6

113.7

0.768

5.368

0.650
0.255
0.120
0.315
0.140
0.170
0.280
1.480
1.490
1.800
0.820
0.245
0.205
3.200

3.330
0.145
0.530
7.700
0.120
7.950

0.650
0.250
0.120
0.305
0.140
0.160
0.270
1.480
1.490
1.800
0.810
0.240
0.205
3.100

3.190
0.130
0.520
7.590
0.110
7.900

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

0.650
0.255
0.120
0.305
0.140
0.165
0.275
1.480
1.490
1.800
0.820
0.245
0.205
3.190
0.540
3.230
0.145
0.520
7.650
0.120
7.920

-0.045
-0.005
0.005
-0.010
-0.005
-0.005
UNCH
-0.020
-0.010
-0.020
UNCH
0.005
UNCH
0.090

0.050
0.005
-0.010
-0.050
0.005
-0.070

6.6
1225.5
12
632.3
100
2302.7
13581
10.4
49.8
25.9
723.4
1791.3
185
500.2

6210.3
10.2
1688.2
187.7
163.1
269.7

0.650
0.255
0.120
0.308
0.140
0.165
0.275
1.480
1.490
1.800
0.818
0.243
0.205
3.166

3.266
0.130
0.520
7.612
0.115
7.916

* Volume Weighted Average Price

# PE is calculated based on latest 12 months reported Earnings Per Share

0.71

148.5

0.210

18.069
9.84
148.34
1.490 14.64
0.664 25.98
7.730 31.60
0.420

16.72
2.216

10.697

1.87
147.42

2.400 20.61
3.300 109.63
0.700

15.89
4.450 40.47
23.823 18.07
3.250 70.19
3.277 14.34
0.528

0.811 65.32

6.84
91.32
0.215

0.485

3.620 57.19

61.11
3.805 13.42
38.51
0.660 11.46
1.100 19.16
1.700 14.78
1.854

5.720 20.06
27.700 18.82

2.77
0.24
8.05
2.26
2.07

3.18
1.80
0.46

2.80

3.27
1.52
1.67

1.79
1.89
0.31
3.95

1.85
0.44
1.50

1.66
0.65

1.32
4.26
1.82

8.77
1.08
2.80
1.44

138.6
7,882.0
794.8
2,384.0
211.8
706.2
355.4
1,109.9
8,098.9
8,568.2
115.9
256.4
152.1
1,960.0
2,905.9
294.5
310.8
28,948.9
25,428.0
205.3
1,025.8
1,042.8
386.5
116.3
159.2
274.8
280.8
32.2
303.8
688.0
234.8
205.6
63.3
1,675.0
492.8
993.6
972.2
680.9
2,489.0
1,196.7
5,786.1

18.99

3.33

2.63

118.2
372.6
236.9
2,340.8

65.00
4.38

28.24

2.18
10.10
48.22
10.39
40.00

13.76
19.35
58.70
20.61

12.90
9.94

9.55

3.49
4.05
2.01
4.03

2.44
1.88
3.70
2.30

12.98
0.39

2.90

32.0
127.9
52.3
301.5
59.0
84.0
476.5
266.4
308.1
326.0
536.9
169.2
99.0
899.2
54.7
3,096.7
14.9
1,079.6
329.1
100.1
1,662.3

YEAR
HIGH

YEAR
LOW

DAY
HIGH

DAY
LOW

1.400 0.845

0.480 0.365 0.370


0.370
0.595 0.410 0.490
0.480
0.335 0.210 0.265
0.265
1.270 0.560 1.220
1.140
0.475 0.235

0.110 0.035 0.085


0.080
2.728 1.776 2.650
2.610
4.000 2.733 3.860
3.840
0.801 0.615 0.640
0.635
INFRASTRUCTURE PROJECT COMPANIES
5.581 4.201 5.100
5.030
5.970 4.802 5.920
5.780
1.950 0.985 1.110
1.080
0.575 0.335 0.380
0.375
7.965 5.992 7.580
7.500
1.610 1.380 1.610
1.550
CLOSED-END FUNDS
2.380 2.220 2.360
2.320
EXCHANGE TRADED FUNDS
1.124 1.040

1.770 1.550

1.425 1.015

1.785 1.610 1.740


1.740
1.010 0.900

1.015 0.850 0.915


0.915
1.175 1.035

1.075 0.974

REITS
1.030 0.915 1.020
1.020
1.670 1.214 1.650
1.640
1.081 0.856

0.810 0.672 0.775


0.775
0.950 0.763 0.930
0.925
1.090 0.984 1.070
1.060
1.820 1.438 1.760
1.700
1.610 1.261 1.560
1.520
1.650 1.370 1.550
1.550
1.710 1.188 1.660
1.620
7.860 6.638 7.670
7.540
1.339 0.965 1.250
1.240
1.890 1.376 1.840
1.790
1.780 1.352 1.720
1.680
1.220 1.011 1.190
1.190
1.870 1.423 1.700
1.660
1.160 0.930 1.130
1.110
SPAC
0.705 0.665 0.680
0.680
0.705 0.600 0.690
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

1.040
0.370
0.490
0.265
1.190
0.330
0.080
2.610
3.850
0.640

UNCH
0.005
UNCH
0.020

-0.005
-0.050
-0.010
UNCH

100
24.7
12
3377.4

400
1160.3
8.8
85.5

0.370
0.489
0.265
1.182

0.080
2.624
3.845
0.638

82.81
9.84
3.84

11.06
16.33
8.58

3.45
0.52
3.13

62.8
100.1
210.5
64.0
174.4
35.4
96.7
1,915.3
901.9
158.7

6947
6645
6807
5078
5031
6742

DIGI
LITRAK
PUNCAK
SILKHLD
TIMECOM
YTLPOWR

5.040
5.880
1.090
0.380
7.580
1.590

-0.060 10342.7
-0.020
115.9
-0.020 1233.5
-0.005
101.5
0.010
28.9
0.030 10735.7

5.054
5.841
1.089
0.379
7.535
1.591

24.51
16.01

13.13
11.56

4.07
3.40

1.75
6.29

39,186.0
3,087.6
489.7
266.6
4,383.5
12,881.6

5108

ICAP

2.320

-0.040

8.6

2.336

15.20

324.8

0800EA
0822EA
0823EA
0820EA
0826EA
0825EA
0821EA
0824EA

ABFMY1
CIMBA40
CIMBC50
FBMKLCI-EA
METFAPA
METFSID
MYETFDJ
MYETFID

1.124
1.720
1.320
1.740
0.987
0.915
1.100
1.050

-0.025

UNCH

1.740

0.915

5.05
3.81

1.44

2.35
2.15
3.00

2,040.5
2.3
16.3
2.9
18.8
48.5
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

1.020
1.650
1.040
0.775
0.930
1.070
1.710
1.550
1.550
1.660
7.670
1.240
1.800
1.690
1.190
1.680
1.110

0.010
UNCH

-0.005
UNCH
UNCH
-0.050
UNCH
-0.010
0.020
-0.030
-0.010
-0.030
-0.040
-0.010
UNCH
-0.010

17.8
435.8

62.2
45.7
95.2
323.2
1457.9
11.3
862
498.9
22
426.9
3839
16.4
44.2
514

1.020
7.96
1.648 16.98
20.12
0.775
7.87
0.929
8.82
1.069 11.49
1.726 18.29
1.547 17.07
1.550 212.33
1.632 22.43
7.593 12.21
1.250 11.84
1.803 19.17
1.694 15.34
1.190 12.04
1.687
6.46
1.119

6.37
4.68
3.08
6.58
6.96
5.37
4.85
5.28
6.77
4.90
4.59
6.89
4.61
5.43
5.82
6.50
7.11

102.0
1,201.6
603.2
532.0
533.1
130.3
1,889.8
3,148.8
621.0
5,790.5
13,846.9
820.1
5,440.5
4,977.2
333.8
710.4
1,470.1

CLIQ
REACH
SONA

0.680
0.685
0.460

-0.005
UNCH
UNCH

199.9
114.9
406.3

0.680
0.685
0.460

429.0
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 0.255 0.265
0.320 0.095 0.280
0.386 0.210 0.210
0.070 0.030 0.040
INDUSTRIAL PRODUCTS
0.338 0.172 0.220
0.095 0.045 0.060
0.610 0.295 0.315
0.251 0.080 0.115
0.655 0.300 0.500
0.880 0.295 0.315
0.125 0.070 0.085
0.220 0.140 0.170
0.145 0.085 0.105
0.180 0.120 0.130
0.300 0.100 0.110
0.500 0.315 0.375
0.195 0.115 0.150
0.190 0.080 0.085
0.055 0.040 0.040
0.155 0.100 0.125
0.210 0.120 0.160
0.230 0.110 0.120
0.263 0.166 0.185
TECHNOLOGY
0.260 0.100 0.180
0.615 0.250 0.260
0.195 0.100 0.180
0.760 0.155 0.210
0.015 0.005

1.310 0.710 1.040


0.075 0.040 0.040
0.090 0.020 0.035
0.150 0.060 0.075
0.355 0.225 0.245
0.095 0.045 0.065
3.150 1.000 1.030
0.055 0.030 0.040
0.125 0.080 0.080
0.130 0.045

1.051 0.460 0.485


0.150 0.035 0.050
0.275 0.130 0.165
0.854 0.530

1.500 0.375 1.290


0.340 0.180 0.195
0.080 0.040

0.280 0.155 0.255


0.325 0.060 0.065
0.290 0.050 0.270
0.970 0.470

1.880 0.980 1.320


0.588 0.305 0.500
0.135 0.060

0.075 0.055 0.055


0.748 0.443 0.665
0.295 0.175 0.270
0.300 0.145 0.160
0.195 0.075 0.090
1.045 0.635 0.835
0.060 0.020 0.025
0.095 0.040 0.050
0.155 0.085 0.100
0.872 0.560 0.575
0.420 0.270 0.355
0.730 0.170 0.200
0.110 0.035 0.055
0.305 0.150 0.155
0.140 0.060 0.070
0.728 0.410 0.535
0.090 0.010

0.507 0.255 0.260


0.130 0.055 0.055
0.370 0.160

0.130 0.060 0.065


0.298 0.240 0.245
0.180 0.080

0.265 0.140 0.155


0.170 0.105 0.170
0.225 0.155 0.200
0.291 0.065 0.205
0.135 0.065 0.085
0.275 0.025

0.195 0.105 0.110


0.575 0.505 0.575
TRADING SERVICES
0.300 0.150

0.130 0.085 0.090


0.070 0.035 0.040
0.379 0.213 0.335
0.270 0.180 0.220
0.665 0.550 0.575
0.760 0.300

0.475 0.260 0.290


0.250 0.150 0.160
0.600 0.355

0.240 0.140 0.180


0.245 0.135 0.160
0.330 0.250

0.303 0.188 0.235


0.020 0.005

0.370 0.140 0.180


0.730 0.350 0.355
0.745 0.480

2.244 1.659

0.255 0.165 0.235


0.525 0.360

0.055 0.030 0.035


1.490 0.784 1.110
0.195 0.115

0.705 0.120 0.140


FINANCE
0.530 0.395

DAY
LOW

CODE

COUNTER

0.255
0.275
0.210
0.030

0179
0170
0148
0095

BIOHLDG
KANGER
SUNZEN
XINGHE

0.260
0.280
0.210
0.040

-0.005
-0.005
Unch
0.005

2529.3
95
130
1226.2

0.256
0.279
0.210
0.035

20.80
15.05

2.15

2.19

173.3
223.6
100.6
93.9

0.210
0.055
0.310
0.110
0.490
0.300
0.085
0.165
0.100
0.125
0.105
0.370
0.145
0.080
0.040
0.120
0.155
0.115
0.185

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

0.220
0.055
0.315
0.115
0.500
0.305
0.085
0.165
0.105
0.130
0.110
0.375
0.145
0.080
0.040
0.125
0.160
0.120
0.185

Unch
Unch
0.005
Unch
Unch
0.005
Unch
-0.005
Unch
Unch
Unch
Unch
Unch
-0.005
-0.005
0.005
-0.005
-0.005
-0.005

722.4
3306.1
809
6386.3
417
515.5
34
465
13436
101
667.9
525.1
60
8044.7
84.1
202.5
100
428.3
15

0.212
0.055
0.314
0.114
0.492
0.306
0.085
0.167
0.105
0.129
0.109
0.375
0.148
0.081
0.040
0.123
0.158
0.117
0.185

9.48

43.15
9.66
14.29

11.62

10.65
12.18
6.15

10.87
51.61

11.86

2.73

0.95

1.20
1.08

1.87

3.20

2.70

66.7
23.8
152.2
28.2
102.8
94.2
28.3
22.4
120.1
31.5
15.3
83.6
21.8
68.7
35.2
30.4
88.9
25.8
31.7

0.175
0.255
0.175
0.210

1.000
0.040
0.035
0.070
0.230
0.060
1.000
0.035
0.080

0.480
0.050
0.160

1.280
0.190

0.245
0.060
0.255

1.260
0.485

0.055
0.640
0.255
0.150
0.085
0.810
0.025
0.040
0.095
0.565
0.345
0.200
0.055
0.150
0.065
0.525

0.255
0.055

0.065
0.240

0.155
0.165
0.195
0.195
0.085

0.110
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

0.180
0.255
0.180
0.210
0.010
1.030
0.040
0.035
0.070
0.230
0.065
1.020
0.040
0.080
0.050
0.485
0.050
0.165
0.700
1.280
0.190
0.050
0.245
0.060
0.270
0.510
1.290
0.490
0.090
0.055
0.645
0.255
0.150
0.085
0.810
0.025
0.050
0.095
0.570
0.350
0.200
0.055
0.150
0.065
0.530
0.010
0.260
0.055
0.170
0.065
0.240
0.095
0.155
0.170
0.195
0.205
0.085
0.025
0.110
0.570

0.005
86.2
-0.005
254
0.005
818.7
0.010
10

0.030
431
Unch
230.1
Unch 3233.5
-0.005
992.5
-0.010
14.7
0.005 11696.3
0.020
62.2
0.010
31
-0.005
77

Unch 1287.1
Unch
3510
0.005
5358

-0.020
382.7
-0.005
339.2

-0.010 3196.9
-0.005 3749.1
-0.005 1419.4

-0.010
266.1
-0.010
729.4

Unch
3305
-0.010
702.5
-0.010
864.3
-0.010 3729.8
Unch
55.2
Unch
21.4
-0.005
211.3
0.005
1428
Unch
72
-0.005
82.4
-0.005 1780.5
-0.005
141.5
Unch
100
-0.005
464.2
Unch 1267.9
-0.010
170

Unch
128.8
Unch
171.5

Unch
170
-0.005
536.4

-0.005
378.4
Unch
1042
-0.005
122.1
Unch 32745.1
Unch 1892.4

0.005
23.7
0.005
901.2

0.178

0.256 70.83
0.178

0.210

1.019

0.040

0.035 16.67
0.071

0.230 18.40
0.065

1.026 42.86
0.035

0.080

0.480 156.45
0.050

0.161

84.34
1.280 15.01
0.190 10.27

0.248
7.12
0.063

0.262

27.72
1.287 87.76
0.490 14.04

0.055

0.646 12.50
0.263

0.154

0.087 36.96
0.817 36.99
0.025

0.044
3.94
0.099 73.08
0.571 12.10
0.350 17.77
0.200

0.055 11.70
0.154 41.67
0.065 46.43
0.533 13.95

0.259

0.055

0.065

0.240
9.45

0.155 31.63
0.165 212.50
0.195

0.201 10.51
0.085

0.110

0.567 21.84

2.06

1.43

2.63

2.24

3.10

2.47

3.51
2.86

1.33

3.77

3.85

2.79

1.29

7.02

115.3
111.9
50.6
24.4
8.1
451.2
19.6
47.5
104.4
209.0
50.5
35.9
11.6
21.1
24.7
295.0
20.9
370.8
88.2
158.4
89.8
37.0
58.1
35.2
53.1
48.0
215.9
149.9
16.8
52.5
105.1
24.1
106.6
21.6
385.9
31.3
94.2
64.9
91.9
104.3
26.6
17.6
83.7
70.4
100.3
2.0
52.0
30.5
48.5
22.5
73.0
11.5
49.2
70.2
21.6
663.0
28.3
12.8
21.3
769.5

0.085
0.040
0.335
0.210
0.560

0.285
0.150

0.175
0.160

0.235

0.180
0.350

0.230

0.035
1.080

0.130

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
0.085
0.040
0.335
0.210
0.565
0.550
0.290
0.150
0.360
0.175
0.160
0.290
0.235
0.005
0.180
0.350
0.595
1.870
0.235
0.525
0.035
1.100
0.130
0.140

Unch
Unch
-0.005
-0.020
-0.010

Unch
-0.015

Unch
-0.005

0.010

Unch
-0.010

Unch

Unch
-0.020

0.005

166
160
5.5
115
2219

609.6
42

235
394

110

135
326

130.1

4385
43.5

3498

0.088

0.040

0.335 14.44
0.213

0.565 14.23
22.09
0.290 51.79
0.156
6.22
16.59
0.175

0.160 100.00

0.235 13.20

0.180

0.350

29.75
11.22
0.235 71.21
159.09
0.035

1.092 29.49

0.135

4.06

1.71

2.98

0.57

2.67
3.62

0.68

54.5
40.2
38.1
84.4
34.7
180.3
76.1
148.0
26.8
68.3
42.9
51.9
14.1
48.6
4.8
25.8
265.1
80.1
80.0
96.9
129.9
34.6
187.9
26.7
83.3

0053

OSKVI

0.405

225.00

4.94

80.0

28 Markets

T HU R SDAY SEP TEM B ER 1 5 , 2 0 16 TH EEDGE F I N AN C I AL DAI LY

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

Bursa Malaysia Equity Derivatives


Main Market & Ace Market Warrants
YEAR
HIGH

YEAR
LOW

DAY
HIGH

DAY
LOW

CODE

0.130
0.160
0.150
0.080
0.340
0.170
0.285
0.095
0.150
0.835
0.485
0.460
0.460
0.275
0.425
0.280
0.320
0.255
0.125
0.260
0.105
0.100
0.095
0.125
0.085
0.135
0.080
0.085
0.155
0.175
0.130
0.180
0.150
0.380
0.210
0.425
0.195
0.210
0.105
0.160
0.165
0.060
0.065
0.145
0.120
0.210
1.330
0.505
0.150
0.170
0.215
0.165
0.055
0.120
0.055
0.030
0.095
0.450
0.225
0.105
0.090
0.095
0.110
0.255
0.420
0.105
0.430
0.145
0.365
0.305
0.155
0.115
0.145
0.175
0.120
0.260
0.090
0.200
0.500
0.240
1.480
0.815
0.065
0.890
0.625
0.860
0.085
0.230
0.285
0.200
0.090
0.155
0.045
0.120
0.090
0.085
0.060
0.330
0.155
0.215
0.210
0.185
0.305
0.140
0.130
0.335
0.115
0.120
0.120
0.600
0.675
0.360
0.535
0.415
0.335
0.230
0.255
0.185
0.255
1.370
0.280
0.170
3.200

0.045
0.065
0.075
0.055
0.040
0.050
0.120
0.090
0.075
0.185
0.110
0.125
0.190
0.130
0.230
0.130
0.220
0.160
0.070
0.200
0.040
0.040
0.015
0.050
0.060
0.050
0.035
0.040
0.100
0.095
0.050
0.095
0.040
0.190
0.080
0.225
0.095
0.135
0.010
0.105
0.100
0.005
0.035
0.060
0.065
0.085
0.420
0.280
0.025
0.050
0.135
0.115
0.035
0.005
0.005
0.010
0.035
0.315
0.005
0.030
0.045
0.045
0.065
0.080
0.200
0.040
0.020
0.020
0.030
0.065
0.100
0.015
0.060
0.130
0.090
0.110
0.030
0.090
0.350
0.110
0.295
0.390
0.005
0.220
0.305
0.220
0.065
0.080
0.110
0.070
0.005
0.065
0.015
0.065
0.050
0.050
0.045
0.260
0.005
0.055
0.060
0.070
0.125
0.035
0.050
0.265
0.060
0.100
0.090
0.525
0.060
0.060
0.170
0.165
0.170
0.125
0.165
0.090
0.110
0.805
0.085
0.095
1.970

0.050
0.070
0.085
0.060
0.235
0.130
0.235
0.095
0.100
0.700
0.335
0.345
0.350
0.180
0.290
0.190
0.220
0.165
0.115
0.230
0.055
0.055
0.015
0.110
0.075
0.060
0.035
0.045
0.100
0.125
0.070
0.105
0.070
0.280
0.125
0.300
0.095
0.140
0.015
0.115
0.100
0.005
0.040
0.115
0.105
0.110
1.060
0.360
0.045
0.080
0.175
0.135
0.050
0.005
0.005
0.015
0.045
0.340
0.005
0.040
0.065
0.085
0.085
0.090
0.230
0.045
0.365
0.110
0.275
0.260
0.120
0.025
0.080
0.170
0.110
0.195
0.040
0.115
0.375
0.110
1.050
0.510
0.005
0.850
0.465
0.220
0.075
0.145
0.150
0.095
0.005
0.070
0.025
0.075
0.055
0.050
0.045
0.275
0.010
0.090
0.090
0.085
0.155
0.055
0.085
0.300
0.085
0.115
0.120
0.600
0.185
0.290
0.470
0.365
0.270
0.190
0.200
0.095
0.150
1.350
0.215
0.130
2.840

0.045
0.065
0.080
0.060
0.225
0.130
0.180
0.090
0.100
0.700
0.325
0.335
0.335
0.170
0.275
0.180
0.220
0.160
0.105
0.220
0.055
0.055
0.015
0.105
0.075
0.055
0.035
0.045
0.100
0.125
0.060
0.105
0.045
0.260
0.125
0.295
0.095
0.135
0.010
0.115
0.100
0.005
0.040
0.115
0.100
0.105
1.030
0.350
0.045
0.075
0.165
0.130
0.040
0.005
0.005
0.015
0.035
0.320
0.005
0.040
0.060
0.080
0.080
0.085
0.220
0.040
0.330
0.100
0.270
0.245
0.115
0.025
0.075
0.160
0.105
0.195
0.040
0.100
0.375
0.110
1.040
0.495
0.005
0.815
0.455
0.220
0.065
0.145
0.140
0.085
0.005
0.065
0.015
0.065
0.050
0.050
0.045
0.260
0.010
0.080
0.085
0.085
0.150
0.050
0.080
0.295
0.080
0.115
0.115
0.580
0.180
0.290
0.460
0.350
0.255
0.175
0.200
0.095
0.150
1.320
0.200
0.130
2.840

5238CU
5238CV
5238CW
5238CX
5238WA
0018WA
6599CF
5185CU
7315WB
509930
509933
509934
509935
509936
509937
509938
509939
509940
5014CP
7609WA
9342WA
9342WB
5194WA
0119WA
52815
521015
521016
521017
521018
0105WA
6399CV
7099WB
6888C8
7078WA
7241WA
5258WA
6998WA
5248CN
3395CZ
3395WB
3395WC
6025WA
7187WA
7036WB
7036WC
1818C9
7174WA
7076WA
5195WA
5195WB
102312
2852CR
0102WB
5141CT
5141CV
0152WA
7277C6
7277WA
6947C9
0029WA
0029WB
4456WD
7114WA
5265WA
7169WA
7198WB
161919
161920
161921
161922
161923
5216CG
5216CN
5216CP
5216CQ
3417WB
0154WC
3557WC
8206WA
0107WA
0065WA
8907WC
7182WA
8877WB
5056WA
7249WA
3689CB
7047WB
9776WB
65054
65056
65060
65062
65070
65076
65084
65088
65092
65059
65061
65067
65071
65073
65075
65081
65087
65089
65091
65093
65097
8605WB
522211
522212
522214
522215
522216
522217
9318WB
539826
5398WE
5226WA
471515
2291WA

WARRANTS
AAX-CU
AAX-CV
AAX-CW
AAX-CX
AAX-WA
ACCSOFT-WA
AEON-CF
AFFIN-CU
AHB-WB
AIRASIAC30
AIRASIAC33
AIRASIAC34
AIRASIAC35
AIRASIAC36
AIRASIAC37
AIRASIAC38
AIRASIAC39
AIRASIAC40
AIRPORT-CP
AJIYA-WA
ANZO-WA
ANZO-WB
APFT-WA
APPASIA-WA
APPLE-C15
ARMADA-C15
ARMADA-C16
ARMADA-C17
ARMADA-C18
ASIAPLY-WA
ASTRO-CV
ATTA-WB
AXIATA-C8
AZRB-WA
BHS-WA
BIMB-WA
BINTAI-WA
BJAUTO-CN
BJCORP-CZ
BJCORP-WB
BJCORP-WC
BJMEDIA-WA
BKOON-WA
BORNOIL-WB
BORNOIL-WC
BURSA-C9
CAB-WA
CBIP-WA
CENSOF-WA
CENSOF-WB
CIMB-C12
CMSB-CR
CONNECT-WB
DAYANG-CT
DAYANG-CV
DGB-WA
DIALOG-C6
DIALOG-WA
DIGI-C9
DIGISTA-WA
DIGISTA-WB
DNEX-WD
DNONCE-WA
DOLPHIN-WA
DOMINAN-WA
DPS-WB
DRBHCOMC19
DRBHCOMC20
DRBHCOMC21
DRBHCOMC22
DRBHCOMC23
DSONIC-CG
DSONIC-CN
DSONIC-CP
DSONIC-CQ
E&O-WB
EAH-WC
ECOFIRS-WC
ECOWLD-WA
EDUSPEC-WA
EFORCE-WA
EG-WC
EKA-WA
EKOVEST-WB
ENGTEX-WA
EWEIN-WA
F&N-CB
FAJAR-WB
FARMBES-WB
FBMKLCI-C54
FBMKLCI-C56
FBMKLCI-C60
FBMKLCI-C62
FBMKLCI-C70
FBMKLCI-C76
FBMKLCI-C84
FBMKLCI-C88
FBMKLCI-C92
FBMKLCI-H59
FBMKLCI-H61
FBMKLCI-H67
FBMKLCI-H71
FBMKLCI-H73
FBMKLCI-H75
FBMKLCI-H81
FBMKLCI-H87
FBMKLCI-H89
FBMKLCI-H91
FBMKLCI-H93
FBMKLCI-H97
FFHB-WB
FGV-C11
FGV-C12
FGV-C14
FGV-C15
FGV-C16
FGV-C17
FITTERS-WB
GAMUDA-C26
GAMUDA-WE
GBGAQRS-WA
GENM-C15
GENP-WA

CLOSE
(RM)

+/(RM)

0.050
0.065
0.085
0.060
0.230
0.130
0.195
0.090
0.100
0.700
0.325
0.340
0.345
0.175
0.280
0.190
0.220
0.160
0.115
0.225
0.055
0.055
0.015
0.110
0.075
0.060
0.035
0.045
0.100
0.125
0.070
0.105
0.050
0.280
0.125
0.300
0.095
0.140
0.015
0.115
0.100
0.005
0.040
0.115
0.105
0.110
1.050
0.350
0.045
0.075
0.170
0.135
0.050
0.005
0.005
0.015
0.045
0.335
0.005
0.040
0.060
0.085
0.085
0.090
0.225
0.040
0.335
0.105
0.270
0.250
0.120
0.025
0.080
0.170
0.110
0.195
0.040
0.115
0.375
0.110
1.040
0.510
0.005
0.820
0.465
0.220
0.065
0.145
0.150
0.085
0.005
0.065
0.015
0.065
0.050
0.050
0.045
0.265
0.010
0.090
0.090
0.085
0.155
0.055
0.085
0.300
0.085
0.115
0.120
0.600
0.185
0.290
0.460
0.355
0.260
0.185
0.200
0.095
0.150
1.340
0.210
0.130
2.840

Unch
-0.005
-0.005
-0.005
Unch
Unch
-0.015
-0.060
0.005
Unch
-0.020
-0.010
-0.005
-0.005
-0.020
-0.005
-0.005
-0.010
-0.005
Unch
Unch
-0.010
Unch
0.010
0.010
0.005
-0.005
Unch
Unch
-0.005
0.005
-0.005
-0.010
0.010
-0.005
-0.005
-0.005
0.005
-0.005
Unch
Unch
Unch
Unch
Unch
Unch
0.005
-0.010
Unch
-0.015
-0.005
-0.005
-0.005
0.005
-0.005
-0.005
Unch
0.010
0.015
-0.005
-0.005
-0.005
Unch
-0.005
Unch
-0.015
Unch
-0.035
-0.010
-0.025
-0.015
-0.010
Unch
Unch
0.005
-0.010
Unch
Unch
Unch
-0.010
Unch
-0.030
0.010
-0.005
-0.010
Unch
-0.005
-0.010
-0.005
-0.005
-0.020
-0.005
-0.015
-0.010
-0.015
-0.005
-0.005
-0.005
-0.050
0.005
0.015
0.005
0.015
0.025
Unch
0.010
0.020
0.010
0.010
0.010
0.035
0.005
-0.030
-0.010
-0.005
-0.015
-0.005
Unch
Unch
0.005
-0.010
0.005
-0.005
-0.010

VOL PARENT
EXE
(000)
PRICE PRICE
2201.8
3843.6
1039.2
1648.4
4172.2
28
38
2300
5
21
68
169.7
819.7
2424.2
2944
1001.7
5
160
144.1
865.8
20
9.2
30
295
0.1
130
390
50
60
90
456.1
30
3779.2
408
200
450.9
61
210
170
130.4
59.8
141.8
500
4.4
5008.9
30
93
100.9
127
254.4
3223.4
727
405
30
235
50
50.2
1078
200
175
149.3
8395
62
277.6
46.6
190
3788.8
1478.2
1060
733
673.5
50
482.5
1493.6
498.6
75.4
12
78
61.8
8
20.9
198.5
80
56.1
863
40
145
40
15
820.6
700
100
345
1524
120
1156.1
700
1200
1333.6
952.2
840.4
10
186.2
1644.9
1040
47
1024
100
1130
1417.5
58.4
75
459
305
6209.5
4591.4
50
20
30
1422.5
1099.4
30
5

0.390 0.490
0.390 0.390
0.390 0.420
0.390 0.600
0.390 0.460
0.180 0.100
2.830 2.650
1.210 2.300
0.200 0.200
2.880 2.000
2.880 2.100
2.880 2.000
2.880 2.000
2.880 2.850
2.880 2.450
2.880 2.650
2.880 2.700
2.880 3.300
6.450 6.450
0.790 0.920
0.220 0.250
0.220 0.250
0.045 0.400
0.180 0.130
443.4 493.1
0.735 0.800
0.735 0.800
0.735 0.850
0.735 0.680
0.220 0.100
2.950 3.000
0.560 1.000
5.310 5.850
0.645 0.700
0.405 0.600
3.900 4.720
0.200 0.200
2.250 2.128
0.335 0.370
0.335 1.000
0.335 1.000
0.370 0.870
0.100 0.200
0.175 0.100
0.175 0.100
8.990 8.900
1.650 0.550
2.000 2.400
0.255 0.460
0.255 0.460
4.700 4.500
3.850 3.600
0.115 0.100
0.990 1.580
0.990 1.780
0.040 0.110
1.550 1.480
1.550 1.190
5.040 5.100
0.165 0.130
0.165 0.260
0.275 0.500
0.285 0.250
0.425 0.800
1.180 1.300
0.085 0.100
1.350 1.000
1.350 1.100
1.350 0.950
1.350 1.000
1.350 1.300
1.510 1.580
1.510 1.450
1.510 1.350
1.510 1.650
1.670 2.600
0.070 0.100
0.275 0.300
1.290 2.080
0.230 0.180
1.490 0.680
0.850 0.500
0.040 0.200
1.820 1.350
1.330 0.830
0.850 0.610
24.479 24.800
0.505 0.700
0.695 1.000
1,661 1,595
1,661 1,710
1,661 1,650
1,661 1,700
1,661 1,630
1,661 1,670
1,661 1,660
1,661 1,690
1,661 1,690
1,661 1,650
1,661 1,710
1,661 1,700
1,661 1,580
1,661 1,660
1,661 1,630
1,661 1,670
1,661 1,710
1,661 1,660
1,661 1,640
1,661 1,690
1,661 1,740
0.710 0.500
2.220 1.700
2.220 1.350
2.220 1.600
2.220 1.900
2.220 1.950
2.220 2.200
0.420 1.000
4.900 4.500
4.900 4.050
0.945 1.300
4.450 4.400
10.820 7.750

PRM
(%)
38.46
16.67
29.49
69.23
76.92
27.78
3.98
101.24
50.00
18.06
1.13
4.86
5.38
17.19
9.38
15.10
16.67
32.36
12.48
44.94
38.64
38.64
822.22
33.33
19.69
17.01
16.94
24.83
12.93
2.27
6.44
97.32
12.99
51.94
79.01
28.72
47.50
6.61
14.93
232.84
228.36
136.49
140.00
22.86
17.14
2.67
-3.03
37.50
98.04
109.80
10.21
11.04
30.43
61.62
81.57
212.50
7.10
-1.61
1.44
3.03
93.94
112.73
17.54
109.41
29.24
64.71
-1.11
0.93
0.37
1.85
20.30
11.26
9.27
14.17
26.75
67.37
100.00
50.91
90.31
26.09
15.44
18.82
412.50
19.23
-2.63
-2.35
6.62
67.33
65.47
-0.41
3.14
2.05
2.96
0.85
2.63
2.02
3.62
5.71
-0.26
6.72
6.12
-2.85
3.65
0.43
4.10
10.16
3.50
2.16
6.78
13.77
-3.52
2.70
2.25
4.05
11.35
12.84
20.72
160.71
1.02
10.00
59.79
7.64
-2.13

EXPIRY
DATE
30/12/2016
30/12/2016
10/04/2017
28/02/2017
08/06/2020
18/01/2019
31/01/2017
06/06/2017
28/08/2019
31/01/2017
28/10/2016
28/02/2017
17/02/2017
30/12/2016
30/12/2016
28/04/2017
17/03/2017
28/02/2017
28/04/2017
28/08/2021
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
13/12/2020
31/01/2017
09/05/2022
31/01/2017
13/05/2024
18/10/2020
04/12/2023
15/06/2020
28/02/2017
31/10/2016
22/04/2022
29/05/2026
16/12/2016
07/07/2023
28/02/2018
08/11/2025
31/01/2017
08/02/2020
06/11/2019
18/07/2017
07/10/2019
17/03/2017
30/12/2016
07/06/2021
28/11/2016
28/11/2016
22/04/2018
28/11/2016
10/02/2017
30/09/2016
07/02/2017
04/04/2023
30/07/2021
25/11/2020
29/03/2021
10/09/2020
15/01/2025
30/11/2016
30/11/2016
15/12/2016
17/02/2017
28/02/2017
28/10/2016
23/11/2016
31/01/2017
28/02/2017
21/07/2019
18/06/2019
10/09/2019
26/03/2022
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
13/07/2018
30/09/2016
31/10/2016
31/10/2016
30/11/2016
30/12/2016
31/01/2017
28/02/2017
31/03/2017
28/02/2017
30/09/2016
31/10/2016
30/11/2016
30/11/2016
30/11/2016
30/12/2016
31/01/2017
31/01/2017
28/02/2017
28/02/2017
31/03/2017
28/02/2017
30/03/2017
30/11/2016
14/03/2017
17/03/2017
28/02/2017
09/05/2017
31/03/2017
12/10/2019
30/11/2016
06/03/2021
20/07/2018
31/03/2017
17/06/2019

YEAR
HIGH

YEAR
LOW

DAY
HIGH

DAY
LOW

CODE

0.220
0.220
0.205
0.190
0.465
2.380
0.265
0.460
0.165
1.510
0.190
0.115
0.810
0.315
1.080
0.935
1.390
1.130
1.030
0.955
1.210
0.880
1.250
1.740
0.640
0.995
1.420
0.915
1.110
1.600
0.515
0.710
1.040
0.520
0.775
1.220
0.230
0.010
0.260
0.300
0.170
0.110
0.220
0.170
3.552
2.320
0.040
0.270
0.225
0.220
0.150
0.090
0.125
0.348
0.105
0.075
0.265
0.125
0.205
0.025
1.550
0.865
0.125
0.160
0.585
0.810
0.190
0.640
0.060
0.470
0.145
0.265
0.200
0.100
0.185
0.115
0.130
0.225
0.170
0.235
0.195
0.110
0.130
0.420
0.300
0.075
0.405
0.185
0.710
0.415
0.225
0.120
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
0.100
0.145
0.135
0.140
0.045
0.050
0.125
0.270
0.355
0.235
0.095
0.280
0.240
0.310
0.040
0.295
0.205
0.120
0.570
0.435

0.045
0.025
0.075
0.070
0.190
0.795
0.100
0.170
0.005
0.830
0.015
0.065
0.305
0.190
0.175
0.190
0.310
0.260
0.495
0.595
0.975
0.015
0.045
0.080
0.035
0.075
0.105
0.170
0.175
0.295
0.225
0.265
0.435
0.320
0.485
0.810
0.020
0.005
0.155
0.160
0.035
0.035
0.140
0.140
2.710
1.004
0.010
0.155
0.035
0.110
0.030
0.020
0.040
0.060
0.010
0.005
0.045
0.025
0.120
0.010
0.500
0.300
0.055
0.100
0.135
0.470
0.010
0.215
0.025
0.210
0.075
0.130
0.115
0.050
0.070
0.050
0.110
0.085
0.035
0.020
0.110
0.080
0.085
0.175
0.035
0.025
0.130
0.010
0.305
0.100
0.055
0.030
0.260
0.020
0.110
0.330
0.570
0.020
0.025
0.110
0.080
0.035
0.075
0.105
0.010
0.150
0.090
0.020
0.040
0.060
0.060
0.015
0.020
0.020
0.150
0.255
0.125
0.010
0.220
0.075
0.145
0.015
0.120
0.125
0.010
0.330
0.105

0.050
0.035
0.075
0.075
0.200
1.470
0.105
0.310
0.005
0.985
0.040
0.105
0.340
0.200
0.630
0.615
1.090
0.875
0.855
0.750
1.130
0.015
0.055
0.175
0.035
0.115
0.200
0.170
0.255
0.445
0.235
0.400
0.655
0.430
0.660
1.050
0.020
0.005
0.170
0.240
0.040
0.045
0.185
0.145
2.950
1.710
0.015
0.185
0.045
0.115
0.065
0.030
0.040
0.180
0.010
0.010
0.055
0.045
0.140
0.010
1.380
0.795
0.060
0.135
0.140
0.710
0.020
0.270
0.030
0.285
0.090
0.230
0.130
0.055
0.085
0.065
0.110
0.105
0.065
0.025
0.110
0.080
0.115
0.380
0.145
0.035
0.255
0.140
0.600
0.220
0.055
0.060
0.295
0.020
0.115
0.545
1.240
0.030
0.065
0.125
0.080
0.105
0.080
0.120
0.010
0.180
0.195
0.045
0.090
0.115
0.125
0.025
0.020
0.020
0.225
0.275
0.200
0.035
0.240
0.180
0.280
0.025
0.190
0.135
0.020
0.500
0.340

0.045
0.025
0.075
0.070
0.190
1.430
0.105
0.290
0.005
0.960
0.030
0.095
0.335
0.200
0.540
0.540
1.030
0.820
0.845
0.700
1.110
0.015
0.055
0.130
0.035
0.115
0.170
0.170
0.240
0.410
0.225
0.370
0.575
0.405
0.660
1.050
0.020
0.005
0.165
0.240
0.035
0.040
0.180
0.145
2.950
1.620
0.015
0.170
0.040
0.115
0.060
0.025
0.040
0.175
0.010
0.010
0.055
0.040
0.135
0.010
1.360
0.760
0.055
0.135
0.135
0.705
0.010
0.215
0.025
0.285
0.085
0.220
0.125
0.055
0.085
0.065
0.110
0.105
0.065
0.020
0.110
0.080
0.105
0.380
0.140
0.030
0.250
0.135
0.570
0.210
0.055
0.050
0.275
0.020
0.110
0.535
1.210
0.030
0.055
0.115
0.080
0.100
0.075
0.115
0.010
0.175
0.180
0.040
0.080
0.100
0.125
0.015
0.020
0.020
0.215
0.270
0.195
0.035
0.220
0.180
0.255
0.020
0.185
0.125
0.020
0.500
0.340

318228
318229
318230
318231
318232
3182WA
1147WA
2062WC
5168CR
5095WB
5072WA
5072WB
5169WA
7213WB
65130
65136
65138
65148
65154
65160
65162
65141
65143
65145
65147
65149
65151
65153
65155
65157
65159
65161
65163
65165
65167
65169
6238CD
7013WA
4251WA
9687WB
3336CZ
0166CQ
0166CR
0166CS
0166WA
0166WB
0094WA
3379WB
1961C9
8834WB
5175WA
0024WA
5161CX
7167WA
4383CF
4383CI
5247CK
5247CP
5247CQ
3115WC
7161WA
5171WA
7164WA
7164WB
7017WB
5878WB
5038CF
8494WA
0017WA
7617WB
8583C3
8583WB
8583WC
5264CM
5264CN
5264CO
5264CP
6181WB
6012CT
115519
115522
115523
115524
5152WA
5983WA
5040WB
1694WB
0075WA
3069WA
3662WB
5186CZ
5026WA
5576WC
3816C5
3816C8
9571WD
6114WB
0085WA
2194C1
2194C2
2194C3
1651C7
1651C8
1651WA
0092WA
0138C1
0138CT
0138CW
0138CX
0138CY
0138CZ
0096WA
0096WC
0083WB
0172WA
5053WC
7052CF
0005WA
129511
1295C6
9997WB
5146WA
8311WC
6033CN
3042CA
1945WC
8869CO

WARRANTS
GENTINGC28
GENTINGC29
GENTINGC30
GENTINGC31
GENTINGC32
GENTING-WA
GOB-WA
HARBOUR-WC
HARTA-CR
HEVEA-WB
HIAPTEK-WA
HIAPTEK-WB
HOHUP-WA
HOVID-WB
HSI-C30
HSI-C36
HSI-C38
HSI-C48
HSI-C54
HSI-C60
HSI-C62
HSI-H41
HSI-H43
HSI-H45
HSI-H47
HSI-H49
HSI-H51
HSI-H53
HSI-H55
HSI-H57
HSI-H59
HSI-H61
HSI-H63
HSI-H65
HSI-H67
HSI-H69
HSL-CD
HUBLINE-WA
IBHD-WA
IDEALUBB-WB
IJM-CZ
INARI-CQ
INARI-CR
INARI-CS
INARI-WA
INARI-WB
INIX-WA
INSAS-WB
IOICORP-C9
IREKA-WB
IVORY-WA
JAG-WA
JCY-CX
JOHOTIN-WA
JTIASA-CF
JTIASA-CI
KAREX-CK
KAREX-CP
KAREX-CQ
KBUNAI-WC
KERJAYA-WA
KIMLUN-WA
KNM-WA
KNM-WB
KOMARK-WB
KPJ-WB
KSL-CF
LBICAP-WA
M3TECH-WA
MAGNA-WB
MAHSING-C3
MAHSING-WB
MAHSING-WC
MALAKOF-CM
MALAKOF-CN
MALAKOF-CO
MALAKOF-CP
MALTON-WB
MAXIS-CT
MAYBANKC19
MAYBANKC22
MAYBANKC23
MAYBANKC24
MBL-WA
MBMR-WA
MEDAINC-WB
MENANG-WB
MEXTER-WA
MFCB-WA
MFLOUR-WB
MHB-CZ
MHC-WA
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-CW
MYEG-CX
MYEG-CY
MYEG-CZ
NEXGRAM-WA
NEXGRAM-WC
NOTION-WB
OCK-WA
OSK-WC
PADINI-CF
PALETTE-WA
PBBANK-C11
PBBANK-C6
PENSONI-WB
PERWAJA-WA
PESONA-WC
PETGAS-CN
PETRONM-CA
PJDEV-WC
PMETAL-CO

CLOSE
(RM)

+/(RM)

0.045
0.035
0.075
0.075
0.200
1.460
0.105
0.295
0.005
0.980
0.030
0.095
0.340
0.200
0.585
0.570
1.090
0.845
0.855
0.725
1.130
0.015
0.055
0.135
0.035
0.115
0.170
0.170
0.240
0.420
0.225
0.380
0.600
0.430
0.660
1.050
0.020
0.005
0.165
0.240
0.035
0.040
0.185
0.145
2.950
1.690
0.015
0.170
0.045
0.115
0.065
0.030
0.040
0.175
0.010
0.010
0.055
0.045
0.140
0.010
1.370
0.795
0.055
0.135
0.135
0.710
0.020
0.235
0.030
0.285
0.085
0.230
0.130
0.055
0.085
0.065
0.110
0.105
0.065
0.025
0.110
0.080
0.110
0.380
0.140
0.035
0.250
0.140
0.595
0.210
0.055
0.050
0.285
0.020
0.115
0.545
1.210
0.030
0.055
0.125
0.080
0.105
0.080
0.120
0.010
0.180
0.190
0.045
0.090
0.115
0.125
0.025
0.020
0.020
0.220
0.275
0.200
0.035
0.230
0.180
0.280
0.025
0.185
0.130
0.020
0.500
0.340

-0.005
-0.005
-0.020
0.005
-0.005
-0.020
-0.005
-0.015
Unch
0.020
-0.005
-0.005
Unch
Unch
-0.115
-0.025
-0.080
0.020
-0.175
0.015
-0.080
-0.010
0.005
-0.015
Unch
Unch
Unch
Unch
-0.010
-0.015
-0.035
-0.010
-0.015
0.010
0.165
-0.020
-0.005
Unch
-0.005
-0.010
-0.010
0.005
Unch
Unch
-0.070
0.070
Unch
Unch
-0.005
-0.005
Unch
Unch
-0.005
Unch
-0.010
Unch
Unch
0.005
Unch
Unch
-0.030
0.020
-0.005
Unch
-0.005
Unch
0.005
-0.035
0.005
0.010
-0.010
Unch
Unch
Unch
Unch
-0.005
-0.005
-0.005
-0.015
Unch
-0.015
-0.010
-0.005
Unch
-0.010
Unch
-0.010
-0.010
0.005
-0.010
Unch
-0.030
0.005
Unch
Unch
0.005
-0.040
-0.005
-0.010
Unch
-0.005
-0.005
Unch
-0.005
Unch
-0.005
0.005
Unch
Unch
0.005
-0.005
Unch
Unch
-0.010
Unch
-0.005
-0.015
-0.005
-0.015
-0.050
Unch
Unch
-0.010
-0.010
Unch
Unch
-0.020

VOL PARENT
EXE
(000)
PRICE PRICE
404.2
637
100
1070.5
4282
1572.1
90
94
700
988.9
10019.7
6413.7
85
457.9
334.7
22535.7
52
430.8
20
508.5
300
150
50
25471.5
30
100
469.2
5
45
453.7
26
1254.3
7347.7
126
20
10
400
1000
20
10
1000
388.7
52
20
8
574.8
30
241.5
1975.6
225
602.8
1110
505.4
24
150
690
20
930
109
39
63.2
84.3
54.9
36
283.5
24.8
3829
1267.9
1778.2
3
875
496.8
5.2
110
120
25
8
10
45
1468
30
100
1435.8
25
163.8
1.2
280.9
1427.8
156.9
10
15
165.3
338.1
25
780
909.4
129.6
100
850
4060
25
1460.3
491
446.7
30
2320
626.1
329.7
3093.6
700.7
30
311.5
73
150
878.2
159.9
55.6
6.6
7498.1
30
35
2533
675.5
8.1
100
227.2
32.2

7.770
7.770
4.450
4.450
7.770
7.770
0.365
0.990
4.430
1.260
0.295
0.295
0.835
0.385
12,277
12,277
12,277
12,277
12,277
12,277
12,277
12,277
12,277
12,277
12,277
12,277
12,277
12,277
12,277
12,277
12,277
12,277
12,277
12,277
12,277
12,277
1.740
0.005
0.570
0.800
3.390
3.230
3.230
3.230
3.230
3.230
0.050
0.685
4.480
0.515
0.405
0.105
0.520
0.845
1.210
1.210
2.380
2.380
2.380
0.055
2.300
2.030
0.415
0.415
0.365
4.240
1.140
1.260
0.060
0.980
1.620
1.620
1.620
1.660
1.660
1.660
1.660
0.640
6.150
7.890
7.890
7.890
7.890
1.050
2.530
0.490
0.900
0.270
2.010
1.530
1.000
0.810
0.640
7.550
7.550
1.410
2.750
0.090
2.200
2.200
2.200
1.280
1.280
1.280
0.085
2.150
2.150
2.150
2.150
2.150
2.150
0.050
0.050
0.370
0.800
1.570
2.940
0.055
19.459
19.459
0.695
0.105
0.415
21.920
4.120
1.500
4.090

7.800
9.300
8.500
8.300
8.300
7.960
0.800
1.560
6.100
0.250
0.690
0.500
0.600
0.180
22,400
23,200
21,800
23,000
23,400
24,200
22,800
18,600
20,000
21,400
18,000
19,400
20,800
19,000
20,400
21,800
19,600
21,000
22,400
20,600
22,000
23,400
2.000
0.160
1.410
1.000
3.700
3.500
2.800
3.200
0.264
1.600
0.050
1.000
4.700
1.000
0.750
0.100
0.600
2.280
2.000
1.700
2.300
2.533
2.200
0.131
0.880
1.680
0.980
1.000
0.300
4.010
1.400
1.000
0.100
0.900
1.500
1.440
2.100
1.600
1.600
1.700
1.700
1.000
6.300
8.600
8.150
8.400
8.000
0.800
3.200
0.600
1.000
0.130
2.220
2.060
1.000
1.560
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
2.350
1.900
2.150
2.000
0.100
0.100
1.000
0.710
1.800
2.900
0.040
20.000
18.000
0.600
1.000
0.250
21.200
6.000
1.000
2.700

PRM
(%)
7.34
23.52
104.49
100.00
15.83
21.24
147.95
87.37
38.49
-2.38
144.07
101.69
12.57
-1.30
86.74
93.14
85.56
93.53
96.86
102.42
93.99
51.60
63.30
75.29
46.86
58.86
70.66
56.00
67.91
80.63
61.29
73.83
86.85
70.94
84.03
98.29
16.67
3,200
176.32
55.00
11.21
13.31
5.02
17.03
-0.50
1.86
30.00
70.80
8.43
116.50
101.23
23.81
23.08
190.53
68.60
44.21
5.88
14.00
10.08
156.36
-2.17
21.92
149.40
173.49
19.18
11.32
24.56
-1.98
116.67
20.92
0.46
3.09
37.65
6.33
4.07
10.24
12.35
72.66
5.61
9.79
9.15
11.53
4.88
12.38
32.02
29.59
38.89
0.00
40.05
48.37
11.00
98.77
22.66
15.50
6.95
15.96
12.73
44.44
0.45
12.50
32.09
11.72
21.09
89.06
958.82
14.42
0.23
18.72
4.28
14.44
13.37
150.00
140.00
175.68
16.25
32.17
12.24
36.36
10.46
-0.10
26.62
876.19
4.82
3.83
51.46
0.00
-0.73

EXPIRY
DATE
23/11/2016
30/11/2016
17/02/2017
31/03/2017
30/12/2016
18/12/2018
24/12/2019
03/04/2021
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
29/12/2016
26/01/2017
27/02/2017
27/02/2017
28/10/2016
28/10/2016
28/10/2016
29/11/2016
29/11/2016
29/11/2016
29/12/2016
29/12/2016
29/12/2016
26/01/2017
26/01/2017
26/01/2017
27/02/2017
27/02/2017
27/02/2017
11/11/2016
04/11/2019
08/10/2019
30/03/2021
28/10/2016
28/10/2016
30/11/2016
09/05/2017
04/06/2018
17/02/2020
16/11/2020
25/02/2020
30/12/2016
25/06/2019
26/04/2017
14/08/2019
14/03/2017
21/11/2017
31/01/2017
28/11/2016
28/10/2016
23/11/2016
31/01/2017
20/10/2023
20/12/2017
12/03/2024
15/11/2017
21/04/2020
21/01/2020
23/01/2019
11/11/2016
17/04/2018
21/08/2019
04/09/2020
11/10/2016
16/03/2018
21/02/2020
28/11/2016
30/12/2016
31/01/2017
09/05/2017
29/06/2018
30/12/2016
30/12/2016
31/01/2017
17/03/2017
30/06/2017
28/11/2022
14/06/2017
22/04/2022
09/07/2019
17/09/2018
08/04/2020
09/05/2017
15/12/2016
28/07/2017
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
23/11/2016
31/10/2016
30/12/2016
14/03/2017
16/05/2022
15/01/2024
02/05/2017
15/12/2020
22/07/2020
30/06/2017
20/03/2018
28/02/2017
30/09/2016
20/01/2024
28/02/2022
27/01/2020
31/03/2017
15/12/2016
04/12/2020
15/12/2016

Markets 2 9

THU R S DAY S E PT E MB E R 1 5 , 20 16 T HEED G E FINA NCIA L DA ILY

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 falls before holiday,


worst week in nearly ve months
SHANGHAI: China stocks fell in thin trading
yesterday ahead of a long holiday weekend,
with the market capping the shortened
trading week with its worst performance
in several months.
The blue chip CSI 300 Index closed
down 0.66% or 21.6 points to 3,238.73
points, while the Shanghai Composite
Index (SSEC) finished down 0.68% or
20.66 points to 3,002.85.
For the week, CSI 300 Index lost 2.4%,
the biggest weekly percentage loss since
April 22. While the SSEC was down 2.5%,
having the worst week since May 13.
Chinas upbeat August economic data
released on Tuesday, which showed both
factory output and retail sales grew faster
than expected, has failed to inject vigour
into the market during the shortened trading
week.
Trading is typically light ahead of
holidays, Chang Chengwei, analyst at
brokerage Hengtai Futures said, noting
that the mid-Autumn Festival today and
Friday will soon be followed by Chinas
National Day holiday which starts on Oct
1, curbing risk appetite.
August data failed to excite the market
because many believe the recovery was
the result of government stimulus, and is
not sustainable.
Most sectors fell in China, with

transportation and infrastructure stocks


leading the decline.
Meanwhile, Hong Kong stocks were
little changed yesterday as traders were
reluctant to make any big bets ahead of
next weeks US Federal Reserve (Fed)
policy meeting.
The Hang Seng Index finished down
0.11% or 25.12 points to 23,190.64, while
the Hong Kong China Enterprises Index
fell 0.3% or 28.54 points to 9,542.52.
Many investors stood on the sidelines
with overnight losses on Wall Street curbing
risk appetite.
All eyes are on the Federal Open
Market Committee meeting on Sept 20
to Sept 21 as traders anxiously wait to
see whether the Fed will raise interest
rates at the review, or provide clues on
when it might do so.
Few traders expect a rate hike next week
and markets are pricing in only a roughly
50-50 chance of one in December.
Sector performance was mixed. Energy
stocks fell on lower oil prices, but the
consumer service sector was firm.
China and Hong Kongs financial
markets will be closed from today, Sept
15, through Sunday, Sept 18, for the MidAutumn Festival. They will resume on
Monday, Sept 19.
Chinas yuan, however, rose as
elevated borrowing costs in the offshore
market in Hong Kong spooked renminbi
short-sellers.

Shanghai Composite
5800

-20.66
(-0.68%)

4825
3850

MILAN: European shares fell for a fourth


day on Tuesday as initial support from
dovish remarks by US Federal Reserve
(Fed) official Lael Brainard eased and a
drop in crude oil prices weighed.
The STOXX 600 Index fell 1% but
remained above a five-week intraday low
hit on Monday, while volatility , an indicator
of investor nervousness, also resumed
its rise to end up 4%. The eurozone Euro
STOXX 50 was down 1.26% or 38.08 points
to 2,974.8 at the close of trade.
The pan-European Index rose as much
as 0.6% in morning deals as investors took
some comfort from Brainard, who said that
the Fed should avoid removing support for
the US economy too quickly.
But the bounce evaporated as Wall
Street opened lower and tumbling crude
prices on the back of worries over a supply
glut sent the sector index down more than
2.8%, making it the worst performer in
Europe.
Expectations mounted last week that
the Fed could increase interest rates soon
and the European Central Bank could slow
stimulus measures, triggering a sell-off in
bonds and equities.
Brainards comments tempered
expectations of a September rate hike,
but a tightening of Fed policy is still on the
cards before the year is out.

The equity market is not sure that a


hike would be something positive because
growth is still fragile, debt levels are very
high and there is a lack of growth catalysts,
said Michele Pedroni, fund manager at Syz
Asset Management in Geneva.
This raises the risk of market volatility,
he said adding that in Europe there were
no signs of a solid economic upturn.
Evidence of Europes weak economic
backdrop was provided by Italy on Tuesday
as the countrys economy minister warned
that the country would cut its growth
estimates.
Strategists at US investment bank
Citigroup said that Italian stocks could
be worth a buy, based on expectations
that Prime Minister Matteo Renzi would
emerge from a forthcoming referendum in
a stronger position, provided that investors
chose carefully.
Among Citigroups favoured Italian
stocks were catering company Autogrill
and drinks group Campari.
Ocado, down 13.7%, was the biggest
faller on the STOXX index after the British
online supermarket warned of a prolonged
fall in grocery prices and said that strong
competition showed no sign of letting up.
But Swiss alternative asset manager
Partners Group surged 8.4% to a record
high after results that analysts at Baader
Helvea described as stunning and that
triggered double-digit upgrades to analyst
estimates. Reuters

Euro STOXX 50 Index

Hang Seng
Index points
3,002.85

Europe Shares extend losing streak,


weighed down by oils

Index points

Dow Jones
Index points

Index points

2,974.80

28900

3900

25625 21,056.93

3415

22350

2930

14040

2445

11770

18580

-38.08
(-1.26%)

16310

2,772.70

3,087.842
2875

19075

1900

15800

-25.12
(-0.11%)

Mar 1, 2010

Sep 14, 2016

Mar 1, 2010

Sep 14, 2016

23,190.64

1960

Bursa Malaysia Equity Derivatives


Main Market & Ace Market Warrants
YEAR
HIGH

YEAR
LOW

DAY
HIGH

DAY
LOW

CODE

3.240
1.110
0.245
0.315
0.175
0.205
0.200
0.280
0.540
0.095
0.035
0.330
0.070
0.115
0.115
0.250
0.138
0.035
0.025
0.025
0.530
0.465
0.200
0.180
0.275
0.110
0.110
0.165
0.205
0.875
1.000
0.155
1.550
0.170
0.105
0.170
0.235
0.085
0.155
0.270
0.120
0.105
0.160
0.180
0.070
0.430
0.385
0.345
0.275

0.990
0.615
0.195
0.020
0.040
0.110
0.125
0.080
0.405
0.055
0.015
0.215
0.020
0.075
0.065
0.110
0.019
0.025
0.005
0.010
0.120
0.265
0.005
0.140
0.005
0.025
0.030
0.115
0.125
0.470
0.730
0.100
0.680
0.035
0.035
0.075
0.105
0.020
0.120
0.005
0.005
0.045
0.075
0.095
0.045
0.050
0.025
0.160
0.155

2.970
0.730
0.200
0.240
0.100
0.130
0.160
0.280
0.450
0.060
0.025
0.330
0.035
0.085
0.065
0.110
0.025
0.030
0.005
0.015
0.180
0.275
0.005
0.140
0.005
0.060
0.050
0.135
0.170
0.600
0.825
0.140
1.240
0.135
0.040
0.075
0.140
0.020
0.120
0.005
0.015
0.065
0.130
0.125
0.060
0.070
0.045
0.180
0.170

2.920
0.715
0.200
0.210
0.080
0.110
0.160
0.265
0.445
0.060
0.020
0.270
0.030
0.075
0.065
0.110
0.020
0.025
0.005
0.015
0.160
0.265
0.005
0.140
0.005
0.055
0.045
0.135
0.160
0.565
0.790
0.135
1.210
0.115
0.035
0.075
0.135
0.020
0.120
0.005
0.010
0.060
0.115
0.115
0.045
0.065
0.045
0.170
0.170

8869WC
7088WB
4634C1
4634CV
4634CW
4634CX
4634CZ
7168WA
8966WA
7145WA
0007WB
7134WA
5256WA
1066CW
5270WA
7185WA
0133WC
0133WD
0109WA
0109WB
7073WA
7246WA
4197C3
4197C7
521817
521825
521826
521827
521829
7155WA
5242WA
0093WA
7103WA
8664CU
1201WB
5263CB
5263CC
5263CD
5263CE
710610
710615
710617
710618
710619
710620
7106C3
7106C4
7082WB
1538WB

WARRANTS
PMETAL-WC
POHUAT-WB
POS-C1
POS-CV
POS-CW
POS-CX
POS-CZ
PRG-WA
PRLEXUS-WA
PSIPTEK-WA
PUC-WB
PWF-WA
REACH-WA
RHBBANK-CW
RSENA-WA
SAMUDRA-WA
SANICHI-WC
SANICHI-WD
SCBUILD-WA
SCBUILD-WB
SEACERA-WA
SIGN-WA
SIME-C3
SIME-C7
SKPETROC17
SKPETROC25
SKPETROC26
SKPETROC27
SKPETROC29
SKPRES-WA
SOLID-WA
SOLUTN-WA
SPRITZER-WA
SPSETIA-CU
SUMATEC-WB
SUNCON-CB
SUNCON-CC
SUNCON-CD
SUNCON-CE
SUPERMX-C10
SUPERMX-C15
SUPERMX-C17
SUPERMX-C18
SUPERMX-C19
SUPERMX-C20
SUPERMX-C3
SUPERMX-C4
SYF-WB
SYMLIFE-WB

CLOSE
(RM)

+/(RM)

2.950
0.730
0.200
0.225
0.080
0.115
0.160
0.275
0.445
0.060
0.025
0.330
0.035
0.080
0.065
0.110
0.020
0.025
0.005
0.015
0.165
0.270
0.005
0.140
0.005
0.060
0.050
0.135
0.165
0.600
0.825
0.140
1.210
0.125
0.040
0.075
0.135
0.020
0.120
0.005
0.010
0.065
0.120
0.120
0.060
0.065
0.045
0.170
0.170

Unch
0.010
-0.010
-0.025
-0.025
-0.015
-0.010
-0.005
-0.010
0.005
Unch
0.070
0.005
-0.005
Unch
Unch
-0.005
Unch
Unch
Unch
-0.025
-0.005
-0.005
-0.025
-0.005
Unch
-0.005
-0.010
-0.005
0.020
0.035
Unch
-0.040
-0.010
Unch
Unch
-0.005
-0.005
Unch
Unch
-0.005
-0.005
Unch
Unch
0.010
Unch
-0.005
-0.005
0.005

VOL PARENT
EXE
(000)
PRICE PRICE
85.1
178.9
50
231.4
1252.6
245
5
987.1
57
110
2.9
5681.8
1927
520
11.7
30
637
1977.2
5451.2
7335.7
344.6
301
479.4
20
2929.6
1705.7
1888.1
370
1629.4
1414.3
2.5
266
26.3
585.8
517.4
337.9
5678
45
210
100
1947.6
5473.7
3384.9
598
835.1
90
30
42.7
0.5

4.090
1.550
3.200
3.200
3.200
3.200
3.200
0.675
1.400
0.120
0.065
0.760
0.685
4.800
0.410
0.400
0.080
0.080
0.040
0.040
0.845
0.935
7.660
7.660
1.550
1.550
1.550
1.550
1.550
1.280
1.370
0.240
2.400
3.260
0.090
1.620
1.620
1.620
1.620
2.160
2.160
2.160
2.160
2.160
2.160
2.160
2.160
0.515
0.690

1.100
1.000
3.600
2.770
3.000
3.100
3.000
0.375
1.200
0.100
0.100
0.620
0.750
5.000
0.500
0.300
0.210
1.000
0.050
0.050
1.000
0.970
7.900
8.400
1.700
2.000
1.850
1.400
1.400
0.650
0.500
0.200
1.180
3.200
0.175
1.450
1.450
1.800
1.500
3.170
3.100
2.500
2.200
2.200
2.750
2.000
2.200
0.700
1.100

PRM
(%)
-0.98
11.61
30.00
0.63
2.50
7.66
16.25
-3.70
17.50
33.33
92.31
25.00
14.60
10.83
37.80
2.50
187.50
1,181
37.50
62.50
37.87
32.62
3.39
18.80
10.48
42.58
27.42
12.10
11.61
-2.34
-3.28
41.67
-0.42
5.83
138.89
1.08
2.01
14.20
7.41
47.69
46.06
24.77
15.74
15.74
36.48
4.63
10.19
68.93
84.06

EXPIRY
DATE
22/08/2019
21/10/2020
28/02/2017
31/10/2016
11/10/2016
13/01/2017
31/01/2017
06/07/2019
14/06/2021
16/11/2019
15/02/2019
20/07/2021
12/08/2022
31/05/2017
01/12/2023
02/01/2018
24/09/2019
21/07/2019
16/06/2017
06/11/2019
16/05/2017
21/04/2021
30/09/2016
28/02/2017
30/09/2016
26/01/2017
30/11/2016
31/01/2017
31/05/2017
27/06/2017
16/12/2020
04/07/2021
13/12/2016
31/01/2017
13/11/2018
07/10/2016
28/10/2016
28/10/2016
30/12/2016
31/10/2016
23/11/2016
14/03/2017
28/04/2017
31/01/2017
28/02/2017
28/10/2016
28/10/2016
11/11/2019
11/11/2020

10,403.79

18,066.75
-258.32
(-1.41%)

9500

Mar 1, 2010

Sep 13, 2016

YEAR
HIGH

YEAR
LOW

DAY
HIGH

DAY
LOW

CODE

0.080
0.560
0.100
0.595
0.140
0.170
0.180
0.115
3.560
0.180
0.315
0.765
0.460
0.080
0.160
0.225
0.470
0.170
0.060
0.390
0.115
0.125
0.055
0.100
0.130
0.110
0.165
0.250
0.130
0.165
0.192
0.228
0.175
0.150
0.125
0.075
0.130
0.165
0.085
0.515
0.165
0.290
0.235
0.870
0.028
0.025
0.075
0.085
0.180
0.225
0.125
0.450
0.190

0.010
0.170
0.045
0.360
0.055
0.110
0.145
0.085
0.600
0.055
0.130
0.310
0.305
0.010
0.035
0.055
0.060
0.025
0.005
0.210
0.040
0.030
0.010
0.080
0.015
0.025
0.080
0.075
0.075
0.130
0.008
0.023
0.020
0.010
0.005
0.025
0.080
0.105
0.060
0.195
0.055
0.115
0.130
0.497
0.010
0.005
0.010
0.040
0.025
0.110
0.070
0.300
0.075

0.010
0.250
0.095
0.560
0.080
0.115
0.145
0.085
3.100
0.070
0.295
0.665
0.360
0.010
0.070
0.095
0.100
0.045
0.015
0.295
0.045
0.050
0.010
0.085
0.045
0.025
0.090
0.120
0.075
0.145
0.100
0.125
0.025
0.015
0.005
0.030
0.080
0.125
0.065
0.350
0.065
0.190
0.185
0.525
0.010
0.005
0.010
0.055
0.175
0.225
0.125
0.435
0.100

0.010
0.245
0.085
0.560
0.080
0.110
0.145
0.085
3.020
0.070
0.290
0.600
0.360
0.010
0.055
0.085
0.090
0.040
0.015
0.290
0.040
0.040
0.010
0.080
0.030
0.025
0.080
0.115
0.075
0.145
0.095
0.120
0.025
0.010
0.005
0.025
0.080
0.120
0.065
0.335
0.060
0.175
0.180
0.520
0.010
0.005
0.010
0.050
0.155
0.210
0.125
0.400
0.095

5012CG
8524WB
0132WA
534722
534728
534729
534730
534731
7034WA
7889WB
0101WB
8397WC
7285WA
7113C4
7113C6
7113C7
7113CW
5054WA
0118WA
5401WA
514827
514828
514829
514831
4588CW
5243C4
5243C7
7091WA
5005CO
5005CQ
0069WB
0069WC
6963CA
6963CB
6963CC
6963CF
6963CG
6963CH
6963CI
6963WA
9679CX
9679WD
9679WE
7245WA
5156WC
0095WA
5155WA
0165WA
7020WB
4677C4
6742CV
6742WB
2283WA

WARRANTS
TAANN-CG
TALIWRK-WB
TDEX-WA
TENAGA-C22
TENAGA-C28
TENAGA-C29
TENAGA-C30
TENAGA-C31
TGUAN-WA
THRIVEN-WB
TMCLIFE-WB
TNLOGIS-WC
TOMYPAK-WA
TOPGLOV-C4
TOPGLOV-C6
TOPGLOV-C7
TOPGLOV-CW
TRC-WA
TRIVE-WA
TROP-WA
UEMS-C27
UEMS-C28
UEMS-C29
UEMS-C31
UMW-CW
UMWOG-C4
UMWOG-C7
UNIMECH-WA
UNISEM-CO
UNISEM-CQ
VIVOCOM-WB
VIVOCOM-WC
VS-CA
VS-CB
VS-CC
VS-CF
VS-CG
VS-CH
VS-CI
VS-WA
WCT-CX
WCT-WD
WCT-WE
WZSATU-WA
XDL-WC
XINGHE-WA
XINQUAN-WA
XOX-WA
YKGI-WB
YTL-C4
YTLPOWR-CV
YTLPOWR-WB
ZELAN-WA

Mar 1, 2010

CLOSE
(RM)

+/(RM)

0.010
0.250
0.090
0.560
0.080
0.115
0.145
0.085
3.100
0.070
0.290
0.640
0.360
0.010
0.065
0.090
0.100
0.045
0.015
0.290
0.045
0.050
0.010
0.080
0.045
0.025
0.080
0.115
0.075
0.145
0.100
0.125
0.025
0.015
0.005
0.030
0.080
0.120
0.065
0.340
0.065
0.190
0.185
0.520
0.010
0.005
0.010
0.055
0.175
0.220
0.125
0.435
0.100

-0.005
Unch
-0.005
-0.005
-0.010
0.005
-0.005
Unch
0.020
-0.010
-0.005
0.020
Unch
Unch
0.005
Unch
0.015
Unch
-0.005
-0.005
Unch
Unch
-0.005
-0.005
0.005
Unch
-0.015
-0.005
-0.010
-0.005
Unch
Unch
Unch
Unch
-0.005
0.005
-0.005
-0.005
0.005
Unch
-0.005
Unch
Unch
-0.005
Unch
Unch
Unch
0.005
0.010
0.005
0.015
0.030
-0.010

Sep 13, 2016

VOL PARENT
EXE
(000)
PRICE PRICE
2450
93
1269
500
327
2050
1
1
40.9
116
859.2
714.8
3
610.1
10493.5
833.3
388
459.2
30
37.4
103
1175.5
1965
51
0.6
2872.8
513.5
314.7
20
45
13269.5
1559.4
420
153.9
88.8
800
240
150
200
1370.3
324
23.6
1250
48.4
150
5446
38.2
810
10469.7
608.2
25
3393.9
612

3.490
1.450
0.170
14.400
14.400
14.400
14.400
14.400
4.320
0.220
0.960
1.620
1.660
4.650
4.650
4.650
4.650
0.425
0.080
1.030
1.080
1.080
1.080
1.080
5.800
0.885
0.885
1.170
2.610
2.610
0.205
0.205
1.340
1.340
1.340
1.340
1.340
1.340
1.340
1.340
1.640
1.640
1.640
1.020
0.035
0.040
0.100
0.140
0.365
1.730
1.590
1.590
0.180

Please refer to the bursa malaysia website for the prices of Loan stocks, bonds and overseas structure warrants

4.833
1.700
0.110
10.500
14.400
15.100
14.500
15.000
1.500
0.640
0.750
1.000
2.290
6.500
5.150
4.950
4.040
0.500
0.100
1.000
0.980
1.050
1.250
1.150
7.000
1.020
1.000
1.500
2.400
2.250
0.200
0.100
1.380
1.480
1.680
1.300
1.400
1.200
1.600
1.650
1.600
1.710
2.080
0.500
0.040
0.100
1.000
0.200
0.500
1.500
1.500
1.140
0.250

PRM
(%)
40.16
34.48
17.65
0.14
3.89
9.65
10.26
10.07
6.48
222.73
8.33
1.23
59.64
41.94
17.74
14.19
3.01
28.24
43.75
25.24
0.74
11.11
18.06
17.59
24.57
23.73
22.03
38.03
3.45
8.43
46.34
9.76
8.58
13.81
26.49
4.85
16.42
11.94
31.53
48.51
5.49
15.85
38.11
0.00
42.86
162.50
910.00
82.14
84.93
-0.58
6.13
-0.94
94.44

EXPIRY
DATE
28/11/2016
11/11/2018
21/09/2018
30/09/2016
28/02/2017
30/11/2016
17/02/2017
14/03/2017
09/10/2019
05/10/2020
21/06/2019
26/12/2018
21/06/2021
23/11/2016
28/02/2017
30/11/2016
28/10/2016
20/01/2017
06/01/2017
06/12/2019
30/09/2016
28/11/2016
28/10/2016
30/06/2017
31/01/2017
30/11/2016
31/05/2017
18/09/2018
30/09/2016
14/03/2017
07/09/2018
22/01/2020
28/10/2016
28/10/2016
28/10/2016
30/09/2016
14/03/2017
31/01/2017
28/02/2017
06/01/2019
30/12/2016
11/12/2017
27/08/2020
28/10/2024
02/07/2018
22/03/2019
24/06/2019
10/02/2019
28/05/2020
31/03/2017
17/02/2017
11/06/2018
25/01/2019

3 0 Markets

T HU R SDAY SEP TEM B ER 1 5 , 2 0 16 TH EEDGE FI N AN C I AL DAI LY

INSIDER MOVES . TRADING THEMES . EVENTS . FOREX

Trading themes

Insider moves (Filings on Sep 13, 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

SHARES ACQUIRED
(DISPOSED)

SHARES HELD
AFTER CHANGE

TRANSACTION
DATE

(115,900) EMPLOYEES PROVIDENT FUND BOARD


258,619,340
109,700 TAN SRI DATO SERI MEGAT NAJMUDDIN
109,700
BIN SERI DR HJ MEGAT KHAS
ATTA GLOBAL GROUP
11,767,397 ATTA WORLDWIDE GROUP
11,767,397
BUMI ARMADA
2,999,300 EMPLOYEES PROVIDENT FUND BOARD
364,784,100
CAREPLUS GROUP
(426,350) MADAM CHAN PEK HARN @ CHAN WAI HAR 94,443,350
DATASONIC GROUP
(137,200) DATO ZAIFUL AYU IBRAHIM BIN IBRAHIM
1,000,000
DATASONIC GROUP
(100,000) MOHAMED ZULKHORNAIN BIN AB RANEE
4,487,300
DIALOG GROUP
1,519,600 EMPLOYEES PROVIDENT FUND BOARD
659,016,104
DIGI.COM
2,906,500 EMPLOYEES PROVIDENT FUND BOARD
882,646,940
DUFU TECHNOLOGY CORP
447,100 EVLI EMERGING FRONTIER FUND
9,658,200
ECO WORLD DEVELOPMENT GROUP (470,000) EMPLOYEES PROVIDENT FUND BOARD
200,031,600
ECOFIRST CONSOLIDATED
290,000 DATO TIONG KWING HEE
128,324,900
EVERSENDAI CORPORATION
(385,500) EMPLOYEES PROVIDENT FUND BOARD
43,936,700
FELDA GLOBAL VENTURES
1,467,700 KUMPULAN WANG PERSARAAN
230,329,800
(DIPERBADANKAN)
GAMUDA
208,900 EMPLOYEES PROVIDENT FUND BOARD
278,797,605
GENTING PLANTATIONS
362,400 EMPLOYEES PROVIDENT FUND BOARD
102,130,100
HIL INDUSTRIES
(8,000,000) TAN SRI DATO NG BOON THONG
198,822,540
@ NG THIAN HOCK
HONG LEONG BANK
(228,100) EMPLOYEES PROVIDENT FUND BOARD
275,444,323
HSS ENGINEERS
(200,000) FOO LEE KHEAN
0
IHH HEALTHCARE
2,830,300 EMPLOYEES PROVIDENT FUND BOARD
707,897,700
IJM CORPORATION
916,200 EMPLOYEES PROVIDENT FUND BOARD
487,285,358
IJM PLANTATIONS
1,932,600 EMPLOYEES PROVIDENT FUND BOARD
107,119,362
INARI AMERTRON
500,000 EMPLOYEES PROVIDENT FUND BOARD
82,795,627
IOI CORPORATION
4,984,200 EMPLOYEES PROVIDENT FUND BOARD
391,312,373
IOI PROPERTIES GROUP
(1,000,000) EMPLOYEES PROVIDENT FUND BOARD
232,375,286
KHEE SAN
94,000 LIM PEI TIAM @ LIAM AHAT KIAT
10,399,900
LBI CAPITAL
130,500 NG TIONG SENG CORPORATION
12,535,000
LINGKARAN TRANS KOTA
402,300 EMPLOYEES PROVIDENT FUND BOARD
37,232,800
MAH SING GROUP
(80,000) EMPLOYEES PROVIDENT FUND BOARD
230,182,561
MALAKOFF CORPORATION
(2,277,700) EMPLOYEES PROVIDENT FUND BOARD
695,988,533
MALAYSIA MARINE AND HEAVY
443,300 LEMBAGA TABUNG HAJI
99,008,800
ENGINEERING
MANAGEPAY SYSTEMS
200,000 DATO CHEW CHEE SENG
138,453,838
MAXIS
1,800,000 EMPLOYEES PROVIDENT FUND BOARD
650,167,509
MESB
(1,486,101) TEOH HWA PENG
12,290,098
MEXTER TECHNOLOGY
12,000,000 KOO WENG SENG
12,000,000
NESTLE (M)
(74,500) EMPLOYEES PROVIDENT FUND BOARD
21,019,100
PAVILION REAL ESTATE
1,434,300 EMPLOYEES PROVIDENT FUND BOARD
196,009,303
INVESTMENT TRUST
PETRONAS CHEMICALS GROUP
423,600 EMPLOYEES PROVIDENT FUND BOARD
709,411,450
PETRONAS GAS
499,100 EMPLOYEES PROVIDENT FUND BOARD
203,029,300
PPB GROUP
483,500 EMPLOYEES PROVIDENT FUND BOARD
82,034,179
PRG
150,000 WANG JING
9,487,200
PUBLIC BANK
1,500,000 EMPLOYEES PROVIDENT FUND BOARD
468,377,510
S P SETIA
(921,900) EMPLOYEES PROVIDENT FUND BOARD
149,706,254
SAPURAKENCANA PETROLEUM
(3,015,900) EMPLOYEES PROVIDENT FUND BOARD
844,064,075
SASBADI
500,000 EMPLOYEES PROVIDENT FUND BOARD
16,596,500
TDM
(969,600) TERENGGANU INCORPORATED
928,770,477
TECHNODEX
22,550,000 CHANG CHOON MING
22,550,000
TELEKOM MALAYSIA
2,583,000 EMPLOYEES PROVIDENT FUND BOARD
524,558,030
TENAGA NASIONAL
(82,000,000) KHAZANAH NASIONAL
1,594,655,861
TOP GLOVE CORPORATION
1,325,500 EMPLOYEES PROVIDENT FUND BOARD
104,844,246
TUNE PROTECT GROUP
1,761,600 EMPLOYEES PROVIDENT FUND BOARD
40,289,000
UMS-NEIKEN GROUP
(1,400,000) KER MIN CHOO
10,769,100
UMW
133,700 EMPLOYEES PROVIDENT FUND BOARD
188,087,556
UNISEM (M)
110,000 JOHN CHIA SIN TET
190,724,538
UNITED MALACCA
358,200 EMPLOYEES PROVIDENT FUND BOARD
16,884,800
UOA DEVELOPMENT
(783,900) EMPLOYEES PROVIDENT FUND BOARD
91,783,500
VOIR
950,000 IBRAHIM BIN SAHARI
1,900,000
WZ SATU
163,000 DATO SRI TENGKU UZIR TENGKU DATO
89,324,936
UBAIDILLAH
YTL CORPORATION
1,858,100 EMPLOYEES PROVIDENT FUND BOARD
670,350,947

DIRECTOR/SUBSTANTIAL
SHAREHOLDER

7/9
6, 7 & 9/9

ALLIANCE FINANCIAL GROUP


ASIAN PAC

US oil payrolls and crude prices

13/9
7/9
6/9
9/9
13/9
7/9
7/9
9/9
7/9
8/9
7/9
2/9
7/9
7/9
7/9
7/9
9/9
7/9
7/9
7/9
7/9
7/9
7/9
5, 6 & 7/9
5, 6, 7 & 8/9
7/9
7/9
6/9
5/9
7/9
6 & 7/9
9/9
7/9
5/9
7/9
7/9
7/9
6 & 7/9
7/9
7/9
7/9
6 & 7/9
7/9
8 & 9/9
9/9
7/9
9/9
7/9
7/9
13/9
7/9
9/9
7/9
7/9
9/9
13/9
7/9

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 events to watch out for today


asiaEP Resources Bhds court convened AirAsia Airbus A320neo welcoming
meeting at 10am followed by annual general
c e re m o n y a t S e p a n g A i rc r a f t
meeting at The Royale Chulan Kuala Lumpur,
Engineerings hangar in Kuala Lumpur
Jalan Conlay, Kuala Lumpur at 11am.
International Airport, Sepang, Selangor
from 4pm to 6pm.

Stocks closest to year low

Stocks closest to year high


STOCK

MELEWAR
CSCSTEL
MYCRON
LEONFB
AFFIN-CU
LSTEEL
AYS
CHOOBEE
DRBHCOMC24
DESTINI
PWF-WA
YTLPOWR-CV
PWF
YTLPOWR
MAYPAK

HIGH
(RM)

LOW
(RM)

CLOSE
(RM)

VOLUME
('000)

0.620
1.820
0.965
0.585
0.095
0.535
0.410
1.860
0.125
0.895
0.330
0.125
0.760
1.610
0.605

0.545
1.750
0.825
0.535
0.090
0.430
0.360
1.690
0.125
0.830
0.270
0.125
0.705
1.550
0.470

0.570
1.790
0.880
0.560
0.090
0.510
0.395
1.860
0.125
0.865
0.330
0.125
0.760
1.590
0.575

40380.4
5611.2
8758
15586.7
2300
8049.7
13086.8
436.3
44
16011.1
5681.8
25
1738.4
10735.7
593.2

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

MYEG
MINHO
PERISAI
GENTINGC32
BENALEC
EPMB
PBBANK-C11
TAANN
TENAGA-C30
FBMKLCI-C92
UEMS-C31
JCY-CX
FBMKLCI-C60
BIOHLDG
GENTINGC29

HIGH
(RM)

LOW
(RM)

CLOSE
(RM)

VOLUME
('000)

2.170
0.645
0.140
0.200
0.415
0.535
0.240
3.490
0.145
0.275
0.085
0.040
0.070
0.265
0.035

2.100
0.625
0.135
0.190
0.395
0.535
0.220
3.410
0.145
0.260
0.080
0.040
0.065
0.255
0.025

2.150
0.640
0.135
0.200
0.410
0.535
0.230
3.490
0.145
0.265
0.080
0.040
0.065
0.260
0.035

6741.8
413.2
7052.1
4282
1043.9
34.6
7498.1
216.8
1
1200
51
505.4
100
2529.3
637

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

0.649

US

SWISS

BRIT CANADA BRUNEI SPORE

AUST

MSIA

CHINA

BANGLH

DENMK

UAE

INA

INDIA

JAPAN NORWAY

PHIL

QATAR

SAUDI SWEDEN

THAI

HK

0.729

0.710

0.552

0.960

0.995

0.995

0.974

3.0066

4.862

57.035

4.831

2.677

9,621

48.743

74.808

6.016

34.610

2.653

2.733

6.190

25.417

5.654

1.123

1.094

0.850

1.479

1.533

1.533

1.501

4.6331

7.493

87.889

7.445

4.124

14,826

75.111

115.277

9.270

53.334

4.088

4.212

9.539

39.167

8.712
7.759

EURO

1.541

US $

1.372

0.891

SWISS FR

1.409

0.914

1.027

STERLING

1.812

1.176

1.320

1.286

CANADA $

1.042

0.676

0.759

0.740

0.575

BRUNEI $

1.006

0.653

0.733

0.714

0.555

0.965

SINGAPORE $

1.006

0.653

0.733

0.714

0.555

0.965

0.974

0.757

1.317

1.365

1.365

1.337

4.1260

6.672

78.270

6.630

3.673

13,203

66.890

102.660

8.255

47.496

3.640

3.751

8.495

34.880

0.777

1.352

1.401

1.401

1.373

4.2357

6.850

80.351

6.806

3.771

13,554

68.669

105.389

8.475

48.759

3.737

3.851

8.721

35.807

7.965

1.739

1.802

1.802

1.766

5.4480

8.810

103.348

8.754

4.850

17,434

88.323

135.553

10.900

62.714

4.807

4.953

11.217

46.056

10.244

1.036

1.036

1.015

3.1331

5.067

59.435

5.035

2.789

10,026

50.794

77.955

6.269

36.067

2.764

2.848

6.451

26.486

5.892

1.000

0.980

3.0232

4.889

57.350

4.858

2.691

9,674

49.012

75.221

6.049

34.801

2.667

2.748

6.224

25.557

5.685

0.980

3.0232

4.889

57.350

4.858

2.691

9,674

49.012

75.221

6.049

34.801

2.667

2.748

6.224

25.557

5.685

1.000

AUSTRALIA $

1.026

0.666

0.748

0.729

0.566

0.985

1.021

1.021

3.0858

4.990

58.537

4.959

2.747

9,875

50.027

76.778

6.174

35.522

2.723

2.805

6.353

26.087

5.803

MALAYSIA RM

0.333

0.216

0.242

0.236

0.184

0.319

0.331

0.331

0.324

1.0000

1.617

18.970

1.607

0.890

3,200

16.212

24.881

2.001

11.511

0.882

0.909

2.059

8.454

1.880

20.567

13.347

14.987

14.599

11.350

19.736

20.454

20.454

20.039

61.8360

1,173

99.364

55.047

1,539

123.721

711.822

54.560

56.213

127.313

522.745

116.277

1.753

1.138

1.278

1.245

0.968

1.683

1.744

1.744

1.708

5.2715

8.525

8.471

4.693

16,869

85.461

131.161

10.547

60.683

4.651

4.792

10.853

44.564

9.913

100 DANISH KRONER

20.698

13.432

15.083

14.692

11.423

19.863

20.585

20.585

20.167

62.2320

100.64

55.399

199,142

1,008.90

1,548

124.51

716.38

54.91

56.57

128.13

526.09

117.02

100 UAE DIRHAM

37.362

24.246

27.226

26.521

20.619

35.854

37.157

37.157

36.403 112.3332

181.66

2,131

180.51

1,821

2,795

224.76

1,293

99.12

102.12

231.28

949.63

211.23

1000 INA RUPIAH

0.104

0.067

0.076

0.074

0.057

0.100

0.103

0.103

0.101

0.3125

0.505

5.928

0.502

0.278

5.066

7.775

0.625

3.597

0.276

0.284

0.643

2.642

0.588

100 INDIA RUPEE

2.052

1.331

1.495

1.456

1.132

1.969

2.040

2.040

1.999

6.1683

9.975

117.012

9.912

5.491

153.475

12.342

71.006

5.442

5.607

12.700

52.145

11.599

100 CHINESE RMB


100 BANGLADH TAKA

100 JAPAN YEN


100 NORWEGIAN KRONER
100 PHILIPPINE PESO

1,181

197,875 1,002.480

359,466
19,739

1.337

0.867

0.974

0.949

0.738

1.283

1.329

1.329

1.302

4.0191

6.500

76.242

6.458

3.578

12,861

65.157

16.623

10.788

12.113

11.800

9.174

15.952

16.532

16.532

16.197

49.9800

80.827

948

80.312

44.493

159,936

810.272

1,244

8.041

2.815

46.266

3.546

3.654

8.275

33.976

7.558

575.342

44.099

45.435

102.903

422.517

93.983

2.889

1.875

2.105

2.051

1.595

2.773

2.873

2.873

8.6870

14.048

164.792

13.959

7.733

27,798

140.833

216.143

17.381

37.696

24.462

27.469

26.757

20.803

36.174

37.489

37.489

36.728 113.3361

183.285

2,150

182.119

100.893

362,676

1,837

2,820

226.763

100 SAUDI RIYAL

36.587

23.743

26.661

25.970

20.191

35.110

36.386

36.386

35.648 110.0032

177.895

2,087

176.763

97.926

352,010

1,783

2,737

220.094

1,266

97.059

100 SWEDISH KRONOR

16.154

10.483

11.772

11.467

8.915

15.502

16.066

16.066

15.740

48.5700

78.546

921.368

78.047

43.237

155,424

787.413

1,208

97.179

559.111

42.855

44.153

3.934

2.553

2.867

2.793

2.171

3.776

3.913

3.913

3.833

11.8291

19.130

224.397

19.008

10.530

37,853

191.772

294.322

23.668

136.170

10.437

10.753

24.355

17.688

11.478

12.889

12.555

9.761

16.974

17.591

17.591

17.234

53.1800

86.002 1,008.819

85.454

47.341

170,176

862.150

1,323

106.403

612.179

46.922

48.344

109.491

100 QATAR RIYAL

100 THAI BAHT


100 HK$

7.665
1,305

7.897

17.886

73.438

16.335

103.030

233.346

958.113

213.118

929.937

206.851

410.598

91.331

226.484

22.244
449.569

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

THU R S DAY S E P T E MB E R 1 5 , 20 16 T HE ED G E FINA NCIA L DA ILY

FUTURES . MONEY MARKET . COMMODITIES

Money market

Index futures
Index points

US Dollar

Long Rolls - KLCI futures

FKLI
Open Interest

USD Index

Index points

1,653.50 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

-0.50

(-16.50)

102.00

(+2.00)

Implied interest rate (%)


95.476

4.5

(-0.157)

3.40

(Unch)
3.5

Jan 4, 2010

2.5

71.00

Jan 4, 2010

Sep 14, 2016

FBM KLCI futures lower in


underlying cash market

Sep 14, 2016

FBM KLCI futures


INDEX AND FUTURES
CONTRACT

LAST

CHANGE

VOLUME

OPEN CHANGE IN
INTEREST OPEN INTEREST

The FBM KLCI futures contracts on FBMKLCI 1,661.39 -15.79 119.3M


1,653.50 -16.50
9,364 44,226
-844
Bursa Malaysia Derivatives closed lower SEP 16
1,652.00 -15.50
387
1,446
41
yesterday, tracking the downtrend seen in OCT 16
DEC 16
1,649.50 -13.00
132
606
7
the underlying cash market.
MAR 17
1,642.00 -12.00
25
95
6
September 2016 fell 16.5 points to 1,653.5; TOTAL
9,908 46,373
-790
October 2016 trimmed 15.5 points to 1,652;
BID
OFFER
CLOSE
December 2016 declined 13 points to 1,649.5; FUTURES ROLL OVER
0.0
-1.0
-0.5
while March 2017 slumped 12 points to 1,642. SEP/OCT
Turnover rose to 9,908 lots from 9,186 lots on FUTURES FAIR VALUE
DAYS TO EXPIRY
KLIBOR DIVIDEND FAIR VALUE
Tuesday, and open interest narrowed to 46,373 CONTRACT
16
17
2.30
0.69
1.61
contracts from 46,922 contracts, previously. SEP
OCT 16
48
6.76
10.93
-4.17
The underlying benchmark FBM KLCI ROLLS FAIR
-5.78
finished 15.79 points weaker at 1,661.39.
Most Southeast Asian stock markets
ended lower yesterday in line with Asian
peers, as rising bond yields and volatility
Indonesian shares fell for a fourth straight
forced investors to unwind positions while
uncertainty over global central banks next session with consumer staples and discretionary
moves hurt risk appetite.
stocks leading the losses. Agencies

Commodities

Sep 14, 2016

Yen trims gains as doubts


creep in over BoJ easing
The yen recovered from one-week lows
against the US dollar and euro yesterday,
as investors doubted that reports the Bank
of Japan (BoJ) was considering further
monetary easing measures would turn into
a source of significant weakness for the yen.
Sources familiar with the BoJs thinking
said the central bank would consider making
negative interest rates the centrepiece of
future easing by shifting its prime policy
target to interest rates from base money.
But when the BoJ shocked markets in
January by cutting rates below zero for the first
time in an attempt to weaken the currency,
the yen reaction was only temporarily and
since then it has gained almost 20%.
The US dollar gained as much as 0.7% after
the initial reports on further BoJ easing, hitting
103.35, its strongest since Sept 6. 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

45.08

152500

5075

(RM2,892/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

0.3183

1950

Sep 14, 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

2,561
(-31)

(+0.18)

Sep 14, 2016

Palm oil hits lowest in two


week on weak demand

(-31)

1100

Jan 6, 2008

0.0000

Sep 14, 2016

CPO futures
CONTRACT

SEP-16
OCT-16
NOV-16
DEC-16
JAN-17

LAST

2,852
2,655
2,561
2,530
2,525

CHANGE

-46
-23
-31
-20
-21

VOLUME

66
2,511
29,197
13,299
6,745

OPEN CHANGE IN
INTEREST OPEN INTEREST

1,773
14,293
77,283
46,671
36,731

1,321.50
(+1.90)

2,561
10000

1660

-241
-3,257
-5,973
-1,366
-1,896

Malaysian palm oil futures hit their lowest in


nearly two weeks yesterday as weak demand
outweighed support from a weaker ringgit
CPO/SOYOIL
and data showing end-August stocks at a CPO FUTURES
INDICATIVE ROLL-OVER FUTURES BASIS (USD)
near six-year low.
CURRENT
-73.47
SEP/OCT
197
Benchmark palm oil futures for November SEP/NOV
3 MONTHS AVERAGE
-93.40
291
on Bursa Malaysia Derivatives were down SEP/DEC
6 MONTHS AVERAGE
-79.81
322
1.1% at RM2,561 per tonne at the end of the OCT/NOV
94
trading day. They had hit a low of RM2,547, SGS & ITS EXPORT ESTIMATES (TONNES)
JUN16
JUL16
AUG16
their lowest since Sept 2, charting a second SHIPMENT DAYS
1 - 10TH DAYS
362/368
394/388
466/456
straight day of losses.
555/566
571/561
751/733
The market is not rising although the 1- 15TH DAYS
DAYS
711/717
820/818 1,045/1,027
ringgit is weak and stocks are near six-year 11 -- 20TH
25TH DAYS
881/873
1,014/1,005 1,316/1,317
lows, said a trader. The palm and soy spread FULL MONTH
1,111/1,130
1,283/1,273 1,621/1,621
has narrowed, which is another deterrent. MALAYSIAN PALM OIL BOARD
MAY16
JUN16
JUL16
AUG16
The ringgit fell 0.4% yesterday evening,
1,364
1,533
1,586
1,702
reaching a near three-month low earlier in PRODUCTION
1,282
1,132
1,384
1,812
the day. A weaker local currency makes palm EXPORT
STOCKS
1,645
1,776
1,771
1,464
oil cheaper for foreign currency holders.
MPOB Palm oil physical
In Malaysia, the worlds second-largest
SEP2016
OCT2016
NOV2016
palm oil producer, stocks fell to their lowest (IN RM/TON)
DELD
2,790
2,720
2,700
in nearly six years at the end of August as a CPO
PK EX-MILL
2,880
2,870
2,850
surge in exports and lower-than-expected CPKO DELD
6,084
6,053
6,069
production growth shrunk inventories.
RBD P.OIL FOB
2,900
2,876
2,724
Inventories fell 17.3% from July to 1.46 RBD P.OLEIN FOB
2,930
2,892
2,739
2,790
2,790
2,750
million tonnes. Exports surged 30.9% to RBD P.STEARIN FOB
1.81 million tonnes, while output rose 7.3% MPOB FFB REF PRICE (MILL GATE PRICE)
REGION
GRADE A
GRADE B
GRADE C
to 1.70 million tonnes.
OER (RM/TON)
OER(RM/TON)
OER (RM/TON)
Palm oil demand in September is forecast NORTH
20.00% 657
19.00% 629
18.00% 602
to decline from August levels, said traders. SOUTH
20.00% 662
19.00% 634
18.00% 606
20.00% 661
19.00% 633
18.00% 605
Shipments from Malaysia during Sept 1 to CENTRAL
Sept 10 fell 15% to 16% from a month earlier, EAST COAST 20.00% 656 19.00% 629 18.00% 601
SABAH
22.00% 638
21.00% 612
20.00% 587
cargo surveyor data showed. Reuters
SARAWAK
22.00% 648
21.00% 621
20.00% 595

20.00
Apr 10, 2007

700
Sep 14, 2016

Oil rises on smaller-thanexpected build in US stocks


Oil prices rebounded in Asian trade yesterday
after falling by as much as 3% in the previous
session, as data from an industry group
showed a smaller-than-expected build in
US crude stocks.
Prices had been supported earlier in the
session by data from the American Petroleum
Institute which showed a crude build of 1.4
million barrels for the week ended Sept 9,
smaller than the 3.8-million-barrel rise expected
by analysts. The US government would have
issued an official inventory data late yesterday.
Brent crude were trading up 12 US cents
at US$47.22 per barrel, while US crude were
rose 18 US cents at US$45.08 a barrel.
Long suffering oil bulls will now turn
nervously to the US Energy Information
Administrations commercial crude inventory
numbers, OANDA senior market analyst
Jeffrey Halley said. 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

2,561
541.50
319.25
971.75
374.75
105.83
2,814
148.70
20.85
67.35

-31
15.00
-10.00
3.50
-8.25
-1.03
32
0.30
-0.11
0.24

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

19,150
-50
2.1280 0.0280
1,321.50
1.90
1,044.10
8.10
659.75
3.65
19.03
0.13
11,875
-150
17,570
-200

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

45.08
0.18
1.4375 -0.0035
3.043
0.054
47.22
0.12
417.00
1.00

ENERGY

Sen/Kg

1100

1700

900

1325

455.00

950

(+1.00)

500

541.50
(+15.00)

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 14, 2016

200

Sep 14, 2016

Jan 7, 2007

Sep 14, 2016

Markets

32

T HUR SDAY SEP TEM B ER 1 5 , 2 0 16 TH E EDGE F I N AN C I AL DAI LY

F U T U R E S . M O N E Y M A R K E T . C O M M O D I T I E S PA G E 3 1

YOUR DAILY FINANCIAL MARKET S ROUNDUP

I N S I D E R M OV E S . T R A D I N G T H E M E S . E V E N T S . FO R E X PA G E 3 0
G L O BA L M A R K E T S PA G E 2 9
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 1,661.39

15.79 FBM ACE 5,186.79

FTSTI 2,809.35

0.86

9.03

NIKKEI 16,614.24

114.80 HANG SENG 23,190.64

STOCK

Index point

1,661.39

KL Composite Index

(-15.79)

1,653.50

KLCI futures

8:45 9:30

10:30

11:30

12:45

14:30

(-16.50)

15:30

16:30 17:15

Daily FBM KLCI


Moving average - 20-day

KL Composite Index
1950.0

DBE
HIAPTEK
MELEWAR
PARKSON
LEONFB
PERWAJA
AYS
LIONIND
MALAKOF
FOCUS
YTLPOWR
HIAPTEK-WA
GLOTEC
LSTEEL
PBBANK-C11
HSI-H63

VOLUME
('000)

CHANGE
(%)

CHANGE
(RM)

CLOSE
(RM)

HIGH
(RM)

LOW
(RM)

47,977
44,179
40,380
23,252
15,587
14,430
13,087
12,702
12,068
11,696
10,736
10,020
9,144
8,050
7,498
7,348

0.00
1.72
5.56
3.85
5.66
-16.00
11.27
0.00
0.61
8.33
1.92
-14.29
0.00
21.43
-6.12
-2.44

0.000
0.005
0.030
0.030
0.030
-0.020
0.040
0.000
0.010
0.005
0.030
-0.005
0.000
0.090
-0.015
-0.015

0.045
0.295
0.570
0.810
0.560
0.105
0.395
0.385
1.660
0.065
1.590
0.030
0.045
0.510
0.230
0.600

0.045
0.315
0.620
0.885
0.585
0.130
0.410
0.415
1.660
0.065
1.610
0.040
0.045
0.535
0.240
0.655

0.035
0.290
0.545
0.790
0.535
0.105
0.360
0.380
1.640
0.060
1.550
0.030
0.040
0.430
0.220
0.575

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.

1,661.39
(-15.79)

1667.5

FBM KLCI falls third straight


day on fading risk appetite

1,683.62

1385.0

1102.5

820.0
Jan 2, 2008

Sep 14, 2016

900

600

300

Volume (mil)

FBM KLCI futures


CONTRACT

SEP 16
OCT 16
DEC 16

SETTLEMENT

CHANGE

1,653.50
1,652.00
1,649.50

-16.50
-15.50
-13.00

KLCI
POINTS

CHANGE
(RM)

HIGH

LOW

1,664.50
1,662.00
1,657.50

1,650.50
1,650.00
1,647.00

FBM KLCI sensitivity*


HAP SENG CONSOLIDATED
AMMB HOLDINGS
RHB BANK
GENTING
MISC
GENTING MALAYSIA
CIMB GROUP
HONG LEONG FINANCE
DIGI.COM
HONG LEONG BANK
MAYBANK
MAXIS
TENAGA NASIONAL BERHAD
SIME DARBY
PUBLIC BANK
AXIATA GROUP
SUB-TOTAL
OTHERS
GRAND TOTAL

0.33
-0.30
-0.33
-0.43
-0.44
-0.49
-0.57
-0.68
-0.77
-0.78
-0.82
-0.99
-1.30
-1.35
-2.17
-2.64
-13.71
-2.08
-15.79

0.080
-0.060
-0.050
-0.070
-0.060
-0.050
-0.040
-0.360
-0.060
-0.220
-0.050
-0.080
-0.140
-0.130
-0.340
-0.180

CLOSE
(RM)

7.700
4.200
4.800
7.770
7.550
4.450
4.700
15.560
5.040
12.860
7.890
6.150
14.400
7.660
19.460
5.310

VOLUME
('000)

733.0
2640.9
1492.8
4623.6
3973.6
2452.8
12650.8
361.4
10342.7
1621.0
8908.8
3363.1
9009.6
3282.6
10751.0
7150.8

* How stock price changes affected the index on the previous trading day

258.32

Daily top 20 active stocks

UNUSUAL MARKET ACTIVITIES

FBM KLCI & KLCI futures intraday

DOW JONES 18,066.75

Market movers

A problem is a chance for you to do your best.


Duke Ellington

1675.0
1672.5
1670.0
1667.5
1665.0
1662.5
1660.0
1657.5
1655.0
1652.5
1650.0

25.12

DBE
HIAPTEK
MELEWAR
VIVOCOM
HSI-H45
PARKSON
HSI-C36
AAX
DESTINI
LEONFB
PERWAJA
DNEX
CENTURY
JAG
VIVOCOM-WB
AYS
LIONIND
CIMB
YTL
MALAKOF

TURNOVER
(000)

CHANGE
(RM)

CHANGE
(%)

PRICE
(RM)

PE
RATIO

DIVIDEND
YIELD (%)

47,976.7
44,179.1
40,380.4
32,745.1
25,471.5
23,252.4
22,535.7
20,683.2
16,011.1
15,586.7
14,429.8
13,581.0
13,558.0
13,436.0
13,269.5
13,086.8
12,702.3
12,650.8
12,546.7
12,068.2

UNCH
0.005
0.030
UNCH
-0.015
0.030
-0.025
-0.010
0.030
0.030
-0.020
UNCH
0.020
UNCH
UNCH
0.040
UNCH
-0.040
-0.010
0.010

UNCH
1.72
5.56
UNCH
-10.00
3.85
-4.20
-2.50
3.59
5.66
-16.00
UNCH
2.13
UNCH
UNCH
11.27
UNCH
-0.84
-0.57
0.61

0.045
0.295
0.570
0.205
0.135
0.810
0.570
0.390
0.865
0.560
0.105
0.275
0.960
0.105
0.100
0.395
0.385
4.700
1.730
1.660

15.00
10.51

67.80
22.09
8.10

2.18
15.77

8.47

12.22
19.55
3.37

0.00
1.03
0.00
0.00
0.00
0.00
0.00
0.00
0.00
2.83
0.00
3.49
4.26
0.00
0.00
2.82
0.00
2.95
5.46
3.33

Top gainers and losers (ranked by RM)


UP
UTDPLT
BURSA
HSI-H67
CHOOBEE
LPI
MAYPAK
LAYHONG
GENP
CARLSBG
SSTEEL-LB
A&M
GTRONIC

CLOSE

CHANGE
(RM)

27.800
8.990
0.660
1.860
16.140
0.575
9.990
10.820
14.660
1.040
1.100
3.190

0.340
0.220
0.165
0.150
0.140
0.115
0.110
0.100
0.100
0.100
0.090
0.090

BAT
HLFG
PBBANK
PANAMY
HLBANK
UMW
DLADY
HEIM
AXIATA
HSI-C54
DKSH
TENAGA

0.020
0.045
0.330
0.085
0.030
0.090
0.030
0.060
0.155
0.100

33.33
28.57
26.92
21.43
20.00
20.00
20.00
20.00
19.23
17.65

JTIASA-CF
DAYANG-CT
DAYANG-CV
SKPETROC17
DIGI-C9
VS-CC
EKA-WA
FBMKLCI-C62
HSI-H41
AFFIN-CU

DOWN

CLOSE

CHANGE
(RM)

49.500
15.560
19.460
36.300
12.860
5.800
60.300
17.040
5.310
0.855
5.290
14.400

-0.520
-0.360
-0.340
-0.220
-0.220
-0.210
-0.180
-0.180
-0.180
-0.175
-0.150
-0.140

0.010
0.005
0.005
0.005
0.005
0.005
0.005
0.015
0.015
0.090

-50.00
-50.00
-50.00
-50.00
-50.00
-50.00
-50.00
-40.00
-40.00
-40.00

KUALA LUMPUR: The FBM KLCI fell 15.79 points or 0.94%


yesterday, as fading risk appetite weighed on Malaysian
stocks in this holiday-shortened week.
This is the third consecutive trading day that the
benchmark index has fallen, closing at 1,661.39. It has earlier
fall to its intraday low at 1,659.2, below the support level of
1,600 expected by technical analyst.
Reuters reported Southeast Asian stock markets traded
lower in line with Asian peers, as rising bond yields and Top gainers and losers (ranked by percentage)
volatility forced investors to unwind positions, while
UP
CHANGE
DOWN
CHANGE
uncertainty over global central banks next moves hurt risk
CLOSE
(%)
CLOSE
(%)
appetite.
FBMKLCI-H59
0.010
100.00
FBMKLCI-C56
0.005
-50.00
Japans Nikkei slipped 0.69% as banks dropped on Bank
GNB
0.040
33.33
SIME-C3
0.005 -50.00
of Japans negative rate worries, said Reuters.
HSI-H67
0.660
33.33
JTIASA-CF
0.010 -50.00
Hong Kongs Hang Seng Index slipped 0.11%, Singapores KSL-CF
0.020
33.33
DAYANG-CT
0.005 -50.00
Straits Times Index also edged lower by 0.27% and Shanghai DIALOG-C6
0.045
28.57
DAYANG-CV
0.005 -50.00
Stock Exchange Composite Index fell 0.68%.
PWF-WA
0.330
26.92
SKPETROC17
0.005 -50.00
0.575
25.00
DIGI-C9
0.005 -50.00
As for the local market, things are also looking rather MAYPAK
0.085
21.43
VS-CC
0.005 -50.00
volatile, said Inter-Pacific Research Sdn Bhds head of FBMKLCI-H71
LSTEEL
0.510
21.43
EKA-WA
0.005 -50.00
research Pong Teng Siew.
M3TECH-WA
0.030
20.00
FBMKLCI-C62
0.015 -40.00
Volatility begets more volatility and thats where we FBMKLCI-H61
0.090
20.00
HSI-H41
0.015 -40.00
seem to be at the moment. For the earlier part of the year, we VS-CF
0.030
20.00
AFFIN-CU
0.090 -40.00
have seen investment funds adopting a similar strategy that
sees a lot of inflows into equity, but now as the risk appetite Top gainers and losers - warrants (ranked by percentage)
fades, we are seeing a decline in a lot of these risky assets. The
UP
CHANGE
DOWN
CHANGE
ringgit has weakened, the oil has dropped and every risky
CLOSE
(%)
CLOSE
(%)
asset class seems to be suffering, Pong said. by Billy Toh FBMKLCI-H59
0.010 100.00
FBMKLCI-C56
0.005 -50.00
HSI-H67
0.660
33.33
SIME-C3
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

18,066.75
2,127.02
4,722.85
6,665.63
5,227.69
3,002.85
23,190.64
28,381.09

-258.32
-32.02
-41.81
-35.27
19.91
-20.66
-25.12
27.55

INDONESIA
JAPAN
KOREA
PHILIPPINES
SINGAPORE
TAIWAN
THAILAND
VIETNAM

CLOSE

CHANGE

5,146.04
16,614.24
1,999.36
7,546.01
2,809.35
8,902.30
1,458.19
656.64

-69.53
-114.80
7.88
-4.26
-9.03
-38.53
11.35
-3.08

Email: hotline@bizedge.com
Fax: (03) 7721 8282

KSL-CF
DIALOG-C6
PWF-WA
FBMKLCI-H71
M3TECH-WA
FBMKLCI-H61
VS-CF
SUPERMX-C20
FBMKLCI-H73
TOPGLOV-CW

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