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FBM KLCI 1623.

20

6.39

KLCI FUTURES 1621.50

9.50

STI 2882.04

19.66

RM/USD 4.4760

CPO RM3070.00

44.00

OIL US$54.20

0.26

GOLD US$1130.90

0.70

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

FRIDAY DECEMBER 23, 2016 ISSUE 2317/2016

FINANCIAL
DAILY
MAKE
BETTER
DECISIONS

EVERY
FRIDAY!

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pullout inside.
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6 HOME BUSINESS

Execution is key
for O&G sector

Yeo Jiawei gets 30 months jail


PA G E 2

PHOTO BY SAM FONG

PNB pays out over This years


yearss income
year
income

RM10B IN
DIVIDENDS

distribution,
d
istribution, however,
iss the lowest ever
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Anette Appaduray has
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8 HOME BUSINESS

T7 Global expects
return to profit
fit
profi
in FY17

E
H
T Y
ON L

9 HOME BUSINESS

Petronas output
cut unlikely to
hurt government
revenue
11 H O M E B U S I N E S S

N A LY
A
.
A
. D AT
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NEWS

TICS

Country on the
way to recession,
says Tun M
TAKING A BREAK
The Edge Financial
Daily will be taking a
break in conjunction
with the Christmas
holidays. Publication
will resume
on Dec 27.

KLK fails to meet 50% threshold for MP


Evans shares, offer lapses
4 HOME BUSINESS

FBM KLCI 1623.20

6.39

KLCI FUTURES 1621.50

9.50

STI 2882.04

19.66

RM/USD 4.4760

CPO RM3070.00

44.00

OIL US$54.20

0.26

GOLD US$1130.90

0.70

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

FRIDAY DECEMBER 23, 2016 ISSUE 2317/2016

FINANCIAL
DAILY
MAKE
BETTER
DECISIONS

EVERY
FRIDAY!

Get your free copy of


The Edge Property
pullout inside.
Download your
personal copy at
TheEdgeProperty.com

6 HOME BUSINESS

Execution is key
for O&G sector
8 HOME BUSINESS

www.theedgemarkets.com

Yeo Jiawei gets 30 months jail


PA G E 2

PHOTO BY SAM FONG

PNB pays out over This years income

RM10B IN
DIVIDENDS

d
distribution,
however,
is the lowest ever
rrecorded since 1990.
Anette Appaduray has
A
the story on Page 4.
th

T7 Global expects
return to profit
in FY17
9 HOME BUSINESS

Petronas output
cut unlikely to
hurt government
revenue
11 H O M E B U S I N E S S

Country on the
way to recession,
says Tun M
TAKING A BREAK
The Edge Financial
Daily will be taking a
break in conjunction
with the Christmas
holidays. Publication
will resume
on Dec 27.

KLK fails to meet 50% threshold for MP


Evans shares, offer lapses
4 HOME BUSINESS

FR I DAY DEC EM B ER 2 3 , 2 0 16 TH EEDGE FI N AN C I AL DAI LY

For breaking news updates go to


www.theedgemarkets.com

ON EDGE T V
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Johari commends Singapore for convictions of BSI bankers


BY YIM IE YONG & ADAM AZ I Z

World Bank:
Malaysias
economy very,
very resilient

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KUALA LUMPUR: Second Finance Minister Datuk Johari Abdul Ghani has commended the
Singapore authorities for their
swift action in bringing to book
those involved in money laundering activities linked to 1Malaysia
Development Bhd (1MDB).
Very good. They have taken action. Because we want to
make sure all banks that facil-

itate this will take action.


Thats it. As far as Malaysia is
concerned, we are going through
that [investigation] process, he
told reporters on the sidelines of
Prasarana Malaysia Bhds light
rail transit 20th anniversary event
yesterday.
The minister was asked to comment on the convictions of three
former BSI bankers in Singapore in
relation to funds misappropriated
from 1MDB, including Yeo Jiawei,

who was yesterday sentenced to


30 months in jail for hindering
investigations into the 1MDB-related fund flows by tampering with
witnesses.
Singapore authorities have said
that the 1MDB-linked investigation
is the largest money laundering
case they have ever handled.
On another matter, Johari reiterated that there will be no more
business activity at 1MDB.
Run off 1MDB means we are

Yeo Jiawei gets


30 months jail
Ex-BSI banker mulls appeal
BY CHAN CHAO P EH

SINGAPORE: Former BSI Bank


wealth planner Yeo Jiawei has been
sentenced to a total of 30 months jail
after he was convicted on Wednesday on all four charges of witness
tampering.
Prosecutors said Yeo had obstructed the course of justice by tampering with witnesses in what has
been described as the largest and
most complex money laundering
case seen so far. The sentence has
been backdated to April 16, 2016,
when Yeo was held in remand.
For each count of witness tampering, Yeo could have been jailed
for up to a maximum of seven years.
In meting out his sentence yesterday afternoon, District Judge Ng
Peng Hong said that his main consideration was to send a signal of deterrence. In addition, he also took into
account how Yeo was shown to have
frustrated investigations into illegal
money flows from accounts, individuals and entities linked to 1Malaysia
Development Bhd (1MDB).
Yeo, 34, first knew Low Taek Jho,
the alleged mastermind of the 1MDB
fund flows, when he was still at BSI.
Yeo then left the bank to work for
Low, popularly known as Jho Low.
Yeos lawyer, Philip Fong of Harry Elias Partnership, told reporters
that Yeo is seriously considering
an appeal against both the conviction and the sentence. Yeo has two
weeks to make this decision.
Judge Ng also noted how Yeo had
made serious moves to conceal his
actions, through the use of offshore
entities. He also noted that Yeo had
used extraordinary measures like a
secondary phone line and message
apps with better privacy features.
Last but not least, Yeo was found
to have committed the offences
while out on police bail. As part
of the conditions of the bail, Yeo
was not to contact other individuals whom the Commercial Affairs
Department (CAD) is investigating.
These individuals include Kevin
Swampillai, Yeos ex-boss at BSI, as

YEO
Y
EO JJIAWEIS

TRIAL

well as Samuel Goh Sze-Wei, Yeos


friend whom he tapped to function
as an intermediary for the fund flows.
Yeo was also found guilty of tampering with witnesses by asking a
relationship manager with Amicorp
Group, Jose Renato Carvalho Pinto, to destroy his laptop containing
transaction records, and to also stay
away from Singapore. Pinto had
helped to provide a range of fund
transfers and administrative services for entities that were shown to
have siphoned money from 1MDB.
One such entity was Aabar Investments PJS Ltd, which seemingly looked like a subsidiary of Abu
Dhabis sovereign wealth fund International Petroleum Investment
Co. The genuine entity is called
Aabar Investments PJS.
Deputy public prosecutor (DPP)
Tan Kiat Pheng asked for a deterrent
sentence of three years and told the
court yesterday that investigation
into this case was unprecedented
and covered hundreds of thousands
of transactions with amounts of up
to billions of US dollars.
However, instead of cooperating with [the] CAD in its investigations, the accused had sought
to pervert the course of justice by
engaging in two separate and distinct courses of conduct to stymie
[the] CADs efforts, said Tan.
Yeo, according to the prosecution, was motivated to frustrate
the CADs investigations as he had
benefited personally. Specifically,
Yeo accumulated nearly US$24 million in assets in the 15 months he
worked for Low after he left BSI.
These efforts of the accused not
only sought to conceal information
on illicit transactions from which he
personally benefited, but sought to
frustrate [the] CADs investigations
into the principals that the accused

was associated with, which was an


important part of [the] CADs wider
investigations, he said and pointed out that Yeo occupied a central
position in the relationships of
individuals and entities involved.
As the linkman and orchestrator
of many of the dealings between
his principals and service providers, he was in a unique position to
shed light on the relationships and
the transactions he was concerned
with, said Tan.
However, instead of assisting the
CAD in its investigations, the accused
used his position to try to frustrate
them by endeavouring to eliminate
testimony on key areas, he added.
Yeos lawyer Fong argued in court
yesterday that no one has been convicted of the money laundering
activities that Yeo was supposedly
helping to cover up. This is despite
the fact that Swampillai had admitted he was the one who raised the
idea of setting up their own entities
outside the bank so that he and Yeo
could profit personally.
The fact remains that these offices have not been proven, said Fong,
adding that Yeos conviction for these
four charges of witness tampering
may prejudice the scheduled trial
for money laundering in April 2017.
These are but allegations not
proven, said Fong, who reminded
the court that it was the prosecution
who asked to go ahead with the first
four charges while standing down
the seven money laundering charges.
Fong also pointed out that his
client had not denied association
with Low, his close associate Eric
Tan Kim Loong as well as Mohamed
Badawy Al-Husseiny, who was the
chief executive officer of Aabar.
In response, DPP Tan reminded
the court that Yeo has been called
out for lying in court. For example,
Yeo had denied staying at Lows residence in Hong Kong. Yeo eventually admitted to this when prosecutors produced evidence that he did.
What he did in court has shown
what kind of person he is, said Tan.
The Edge Singapore

not going to do any business in


1MDB. It will become a shelf company, he said when asked about
his recent interview with Bloomberg in which he said the government was going to run off 1MDB.
In the interview, Johari also said
that the finance ministry had taken
control from 1MDB the development of the Tun Razak Exchange
financial district and the government was also overseeing the Bandar Malaysia development.

Pua: Government
should address
condence crisis
BY A H MA D N AQ IB ID R IS

KUALA LUMPUR: Petaling Jaya


Utara member of parliament Tony
Pua said the government should
address the ultimate cause of the
confidence crisis Malaysia is facing,
following Second Finance Minister
Datuk Johari Abdul Ghanis comment that there is no need to panic
about the weakening ringgit.
In a statement yesterday, Pua said
the ministers attempt to assure the
public had no credibility, adding that
the countrys currency and economy
will continue to see challenges in
2017 if the weakening of the ringgit
is not addressed. Pua said the fundamental reason for the weakening
of the ringgit is the confidence crisis
Malaysia is facing ever since [it has]
been outed as a major global kleptocracy and the failure of the Malaysian
authorities and government to take
any action against those responsible.
Unless and until there exist ministers and a government in Malaysia
who [are] willing to call a spade a
spade, and willing to take concrete
actions to redeem ourselves from
the kleptocratic bottom, Malaysias
economy will only continue to struggle to stay afloat as its currency continues to significantly underperform
relative to its peers, said Pua.

Court orders
RM37m to be paid
to 78 Orang Asli
IPOH: It was worth the long wait for
78 Orang Asli from the Jakun tribe in
three villages in Kota Tinggi, Johor,
when the High Court here ruled in
their favour yesterday.
High Court Judge Datuk Samsudin Hasan ruled that the Orang
Asli and the Linggui Valley Orang
Asli (Jakuns) Trust should be compensated and ordered them to be
paid RM37 million. The amount
included RM5 million in exemplary
damages and RM1 million in cost
required to be paid by the defendants to the plaintiffs and the court.
Samsudin made the ruling after
finding that the defendants former
lawyer S Kanawagi, his son K Dinesh,
two Orang Asli chiefs, Tok Adong Kuwau and Daud Kadir, now deceased,
and the legal firm of Messrs Khana &
Co, had misappropriated the fund belonging to the plaintiffs. Bernama

4 HOME BUSINESS

FR I DAY DEC EM B ER 2 3 , 2 0 16 TH EEDGE FI N AN C I AL DAI LY

PNB pays out over


RM10b in dividends

EPF says it has


no more stake
in Felda Global
Ventures
BY A H MA D N AQ IB ID R IS

This years income distribution, however, is the lowest ever recorded since 1990
BY A N E TTE A PPA DU RAY

KUALA LUMPUR: About nine million unitholders, who subscribed


to over 143 billion Amanah Saham
Bumiputera (ASB) units, stand to
receive over RM10 billion in cash
distributions from Permodalan Nasional Bhd (PNB), the countrys
biggest fund management company, this year.
PNB, through its wholly-owned
subsidiary Amanah Saham Nasional Bhd, is paying ASB unitholders
an income distribution of 6.75 sen
per unit and a bonus of 50 sen per
unit for the financial year ending
Dec 31, 2016 (FY16).
The income distribution translates into RM9.78 billion, while the
bonus payout amounts to RM500.4
million.
However, the income distribution is the lowest ever recorded
since FY90. PNB declared an income distribution of 7.25 sen per
unit and a bonus of 0.50 sen per
unit in FY15.
It also marks the first time the
income distribution is below seven sen per unit. Between FY08 and
FY15, the income distribution was
hovering around seven to 7.75 sen
per unit. ASB unitholders saw the
highest income distribution of 10.25
sen per unit and a bonus of three
sen per unit in FY96.
According to PNB group chairman Tan Sri Abdul Wahid Omar,
ASBs performance still exceeded
that of the countrys equity market,
which recorded a negative total return of 1.7%.
This year marked the third consecutive stock market decline. The
FBM KLCI declined by 73 points

ASB DIVIDEND
Wahid: PNB expects
2017 to be another
uncertain year,
with a cautiously
optimistic outlook
going forward.
Photo by Sam Fong

from 1,692.5 points on Dec 31,


2015 to 1,619.1 points as of Nov
30, 2016, he told a media briefing
to announce the income distribution of ASB and Amanah Saham
Nasional (ASN) yesterday.
Overall market performance
was affected by various factors including capital outflows into developed economies, low commodity
prices, foreign exchange volatility
and geopolitical developments,
he added.
Despite these challenges, Abdul Wahid said ASB managed to
achieve a gross income of RM9.59
billion as at Nov 30, 2016, with dividend income from investee companies contributing RM4.16 billion
or 43.4% and profit from the sale of
shares contributing RM3.82 billion
or 39.9%. The remaining RM1.6
billion was derived from investments in short-term instruments
and other income.
Abdul Wahid also said PNB expects 2017 to be another uncertain
year, with a cautiously optimistic
outlook going forward.
He, however, said the implemen-

tation of its six-year strategic plan


will continue to drive the group to
deliver sustainable and competitive
returns for its unitholders. The plan
encompassed bumiputera empowerment as part of its inclusive and
equitable nation-building agenda.
Meanwhile, Amanah Saham
Nasional also announced a lower
income distribution of five sen per
unit for ASN in FY16, compared
with a payout of 6.10 sen per unit
last year.
The total income distribution
for ASN stood at RM82.72 million.
PNB president and group chief
executive officer Datuk Abdul Rahman Ahmad said a consolidation at
this stage in the oil and gas (O&G)
sector is a positive step amid the
low price environment.
Consolidation among O&G
players [is necessary] to create
scale, in order to be able to withstand the challenges within the
industry, he said.
If there are opportunities presented to PNB from not only our
group, but [other] Malaysian companies wanting to consolidate,

1990-2016
FYE DEC 31

2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992
1991
1990

DIVIDEND + BONUS
(SEN/UNIT)

6.75 + 0.50
7.25 + 0.50
7.50 + 1.00
7.70 + 1.00
7.75 + 1.15
7.65 + 1.15
7.50 + 1.25
7.30 + 1.25
7.00 + 1.75
8.00 + 1.00
7.30 + 1.25
7.25 + 1.75
7.25 + 2.00
7.25 + 2.00
7.00 + 2.00
7.00 + 3.00
9.75 + 2.00
8.50 + 1.50

+ 2.0 [2 sen is a
special bonus]

8.00 + 2.50
10.25 + 1.25
10.25 + 3.00

+ 2.0 [2 sen is a
special bonus]

10.0 + 3.00
9.50 + 4.50
9.00 + 4.50
7.50 + 5.00
8.50 + 4.00
8.00 + 6.00

we would be open and happy to


support them if [the consolidation] makes sense, Abdul Rahman added.

KLKs share offer for MP Evans shares lapses


BY A H M A D N AQ I B I D RI S

KUALA LUMPUR: Kuala Lumpur


Kepong Bhds (KLK) 740 pence
(RM40.93) per share offer for
MP Evans Group plcs shares has
lapsed, as the group only received
valid acceptances for 7.36 million
shares, representing 13.2% of the
issued ordinary share capital of the
London Stock Exchange (LSE)-listed plantation group.
KLK which made the offer via
its wholly-owned subsidiary KL-Kepong International Ltd (KLKI)
said the offer has lapsed as it did
not meet the 50% threshold.
As this acceptance condition
has not been satisfied, the offer has
lapsed with immediate effect and
accordingly, the offer is no longer
capable of further acceptance, and
the accepting MP Evans sharehold-

ers and KLK and KLKI have ceased


to be bound by such acceptances, it
said in an announcement yesterday.
Meanwhile, KLK said it reserves
the right to make further offers for
the entire issued and to-be-issued
share capital of MP Evans in the
event that either such further offers
is recommended by the board of
MP Evans, a third party announces
a firm intention to make an offer for
MP Evans, or in other circumstances
set out in the note on rules 35.1 and
35.2 of the takeover code of the LSE.
KLK declined to comment on
the matter when contacted.
In a filing with the LSE, MP Evans said it welcomed the rejection
by its shareholders as it believed
that the offer had substantially undervalued MP Evans shares.
MP Evans owns, and manages,
an excellent portfolio of planta-

tions, and has a clear strategy for


growing the business significantly further, both by acquisition and
by the development of its existing
plantable areas.
The successful growth to date
has led to the boards recently stated intention to increase dividends
substantially. The board thanks
our shareholders for their support
and their belief in the continuing
successful execution of our growth
strategy, said MP Evans chairman
Peter Hadsley-Chaplin in the statement.
To recap, KLK had extended its
takeover offer to Dec 21, 1pm (London time), after it failed to secure
enough acceptance at the first closing date of Dec 9.
KLK had initially offered to acquire MP Evans shares at 640 pence
apiece on Oct 25, which was met

by rejection by the shareholders of


MP Evans, with interests amounting to 54.72%.
Following that, KLK had raised
its offer price to 740 pence per share
on Nov 15, representing a 16% increase from the initial offer.
The revised offer, however, was
spurned by the board of MP Evans
within hours of KLKs announcement, with the former saying that
it had the support of certain shareholders with a combined 40.85%
equity stake.
Meanwhile, in a move seen as
another snub to KLKs offer, MP
Evans said it inked a conditional
agreement to sell its entire interest in its joint venture (JV) firm
PT Agro Muko for US$100 million
(RM447.85 million) to the Belgian
Sipef Group, which holds a 47.29%
stake in the JV company.

KUALA LUMPUR: The Employees Provident Fund (EPF)


said it no longer has any stake
in Felda Global Ventures Bhd
(FGV), as it assures members
that the EPF practices high
standards of corporate governance in its investments,
with robust policies on risk
control and asset allocation.
In line with these best
practices, we have been
closely monitoring the equity performance of FGV over
the years and have gradually sold down our shareholding. As of today (yesterday),
the EPF no longer holds any
shares in FGV, the fund said
in a statement yesterday.
The fund also confirmed
that the RM6.5 billion loan
taken by Felda Holdings Bhd
(FHB) is not in default, adding
that FHB continues to service
the loan in accordance with the
agreed terms and conditions.
We urge EPF members to
verify the facts with the EPF
and not be misled by comments made in the social and
online media, added the fund.
The EPFs statement came
following a blog post dated
Dec 14, which has been widely circulated on social media,
that questioned whether FHB,
a 49%-owned subsidiary of
FGV, would be able to pay off
its RM6.5 billion loan from
EPF, which was taken in 2010.

We urge EPF
members to verify
facts with the EPF
and not be misled
by comments made
in the social and
online media.
The remainder stake in FHB
is owned by the Federal Land
Development Authority, also
known as Felda.
The blog post author also
compared FGV to troubled
1Malaysia Development Bhd
(1MDB), which has raked up
billions of ringgit of debt in just
a few years of operation and
is in the midst of allegations
of financial mismanagement
that has sparked related money laundering investigations in
several countries.
Second Finance Minister
Datuk Johari Abdul Ghani recently said the government
will run off 1MDB, adding
that this meant the fund will
not be undertaking anymore
business activity.
FGV shares slid one sen or
0.61% to settle at RM1.62 yesterday a far cry from the closing
price of RM5.32 on its debut on
June 29, 2012 for a market
capitalisation of RM5.91 billion.

6 HOME BUSINESS

FR I DAY DEC EM B ER 2 3 , 2 0 16 TH EEDGE FI N AN C I AL DAI LY

Execution is key for O&G sector


Analysts see more defaults to come in 2017 if contract awards continue to stay sluggish
Y I M I E YON G & N EI LY
SYA F I QAH EU SOFF

KUALA LUMPUR: Oil and gas (O&G)


players are seeing some light at the
end of the tunnel as they enter 2017.
This follows a pact reached between
the Opec and non-Opec producers
to curtail oil output jointly from Jan
1, and ease a global glut after more
than two years of low prices.
On Dec 13, the International
Energy Agency was reported as
saying that global oil markets will
swing from surplus to deficit in the
first half of 2017 as Opec and other
producers follow through on the
agreement to cut supply.
Brent crude, the global benchmark for oil prices, has gained
about 17% since Opec producers
agreed on Nov 30 to trim output for
the first time in eight years. Year to
date, it has recovered about 46%.
However, analysts are still
modestly positive about the sectors outlook for 2017, saying execution risk remains high.
Kenanga Research analyst Sean
Lim said the agreement to cut global
oil inventories next year will boost
near-term sentiments, serving fresh
catalyst to the local O&G sector.
But the actual execution of the
agreement is the key to sustainability of oil prices, which will eventually translate into recovery of the
sector in terms of higher spending
and investments, he added.
Sean is of the view that Opec
will strive to make more progress
to avoid losing credibility after multiple discussions.
That said, we believe oil prices
outlook will be capped when the
market refocuses back on the revival of US shale gas production,
he told The Edge Financial Daily
in an email reply.
Sean noted that the sector has
experienced many challenges in
terms of cash flow management,
rate of assets, capital investment
by oil majors due to low crude oil
prices and low utilisation rate of
assets, as well as oversupply issues
in the offshore support vessel (OSV)
and drilling segments.
We dont foresee the rates for
these two segments (OSV and drill-

Filepic of the Angsi complex


located oshore of Terengganu.

2017 OUTLOOK

Brent crude oil


US$/barrel

60

US$54.55
53
46
39
32
25

Dec 2, 2015

Dec 22, 2016

ing) to improve in the near term and


raising fresh capital could be the
option as bank refinancing could
be difficult given banks are limiting
their exposure in the O&G industry.
Furthermore, we reckon more
defaults to come if the contract
awards continue to stay sluggish
with no recovery. Based on our
channel checks, some private
companies, which are solely dependent on one or two assets and
contracts, are suffering as their contracts expire/are terminated and
[they] could not replenish with new
contracts, he added.
Hong Leong Investment Bank
(HLIB) Research analyst Lim Sin
Kiat said despite recent cost cutting initiatives by O&G companies,
asset costs are still high due to insufficient write-down by most of
the O&G companies.
Near-term debt obligations are
high for certain players in the industry too, he told The Edge Financial Daily.

More asset rationalisation is


required [for example write-downs
and sale of asset]. Debt obligations
are best to be refinanced with similar debts with longer payment tenure and the last resort would be
dilutive share issuance to beef up
the balance sheet, he said.
Sin Kiat said global demand
growth is expected to slow in 2017
due to the slowing of Chinas economic growth and tepid economic
condition globally.
Describing the outlook for next
year as still challenging, MIDF
Research analyst Aaron Tan Wei
Min said challenges faced by the
industry includes lack of capital
investments by oil majors due to
low crude oil prices and low utilisation rate of assets.
It is possible to see more defaults
in the industry, especially companies with high gearing, asset heavy,
weak cash flow and low utilisation
of its assets, he said via email.
Nomura Asset Management UK
Ltd head of equity investment Tom
Wildgoose also pointed out cartels
can be unstable.
He noted that Opec had managed the production so the oil price
stayed above US$100 per barrel
previously, but they abandoned
the policy later upon realising the
US was producing more and taking
their market share, resulting in the
collapse of oil prices.
And now it leads to the re-

versal of strategy today, he told


reporters on the sidelines of an
event recently. He opined crude
oil will stabilise at US$60 to US$80
(RM268.80 to RM358.40) per barrel in the long term.
Its not all doom and gloom
for the O&G industry
Kenanga Researchs Sean believes
there are new contracts to be awarded since Petroliam Nasional Bhd
(Petronas) has called for tenders.
He opined that the new round of
contract awards from Petronas such
as the Pan Malaysia transportation
and installation contract, topside
maintenance job, and the inspection, repair and maintenance project
for Peninsular Malaysia are likely to
materialise in the near term.
We observed some players have
collaborated to tender for jobs beyond their core competence. Thus,
we expect more bidders for the
same job with some quoting significantly lower prices in order to bag
the contract. Fiercer competition is
expected and potential beneficiaries are SapuraKencana Petroleum
Bhd, Dayang Enterprise Holdings
Bhd and Barakah Offshore Petroleum Bhd, said Sean.
HLIB Researchs Sin Kiat concurred. He expects Petronass Refinery and Petrochemical Integrated
Development project in Pengerang,
Johor and Sabah Ammonia Urea
project in Sabah would be the pro-

jects to look out for next year.


For upstream, there are talks
the Bokor enhanced oil recovery
development project will be dished
out again, he said.
However, Sin Kiat opined that
most of the O&G stocks are still not
having an encouraging outlook in
the medium term, advising investors to avoid the sector for the time
being if possible.
In a note dated Dec 9, PublicInvest Research, which has revised its
recommendation to overweight
for the sector, said oil prices will
see some stabilisation at the current US$50 per barrel level in 2017
supported by demand and supply
fundamentals, but concurrently
limited by news flow pressures.
At this stabilised level, capital
expenditure spending should restart
and thus spur activity for the sector.
We concede that despite oil prices
possibly remaining pressured, we
are seeing the end of the lower oil
price cycle as well, based on historical trend and a fundamental recovery ahead, said the research house.
Our average Brent oil price levels are unchanged and estimated
as follows: 2016 at US$44 per barrel and 2017 at US$50 per barrel,
PublicInvest Research added.
Its top picks for the sector include SapuraKencana (target price
(TP): RM1.90), Wah Seong Corp
Bhd (TP: RM1) and Bumi Armada
Bhd (TP: 90 sen).

8 HOME BUSINESS

FR I DAY DEC EM B ER 2 3 , 2 0 16 TH EEDGE FI N AN C I AL DAI LY

T7 Global sees
turnaround in FY17
Return to profit will be driven by O&G business
BY A D EL A MEGA N WI L LY

KUALA LUMPUR: T7 Global Bhd,


formerly Tanjung Offshore Bhd, is
expecting a return to profit for the
financial year ending Dec 31, 2017
(FY17), driven by its core oil and
gas (O&G) business.
The group slipped into the red in
FY15, posting a net loss of RM76.26
million compared with a net profit of
RM1.06 million for the previous year. It
narrowed its net loss to RM704,000 in
the third quarter ended Sept 30, 2016,
from RM49.68 million a year ago.
Though we have diversified into
new areas, our return to profitability, which we hope will take place
in FY17, will be driven by our business in the O&G sector, its chairman Datuk Dr Nik Norzul Thani N
Hassan Thani told reporters after
the groups extraordinary general
meeting yesterday.
This is due to the groups expectations of recognising incomes from
the education and aerospace sectors only in FY18 as they are still in
developing stages.
With our rebranding, we are
moving on from past issues. We

received 100% approval from our


shareholders to rename the group,
which shows they are also eager to
move on. The new name signifies
our intention to enter into other
segments, Nik Norzrul said.
T7 Global is putting more efforts
into developing its aerospace segment in view of the potential of the
industry.
We will be sending a few of our
engineers to the UK to train under
Kilgour Metal Treatment Ltd and
other industry-related companies.
At the same time, engineers there
will come over to Malaysia to train
our staff, Nik Norzrul said.
Earlier this month, T7 Globals
wholly-owned subsidiary, T7

Nik Norzul: With


our rebranding,
we are moving
on from past
issues Photo by
Patrick Goh

Aero Sdn Bhd, inked a deal with


UK-based components maker Kilgour to jointly service aerospace
components.
On the groups negotiations with
UMW Holdings Bhd to set up a treatment plant within UMW Aerospace
Sdn Bhds facility space in Serendah,
Selangor, Nik Norzrul said the feedback had been very positive so far.
However, we are not limiting our
options to just UMWs space. We are
in talks with other parties, but we
cannot say much as everything is
still being discussed, he said.
We have the right engines and
are ready for take-off. However, we
remain [cautiously optimistic], and
would rather under-promise and
over-deliver than over-promise
and under-deliver, he added.
For the education sector,
T7 Global is in discussions
with several parties but declined to elaborate.
On the possibility of entering other new industries,
Nik Norzrul said it is actively
exploring opportunities, and
new developments will be announced as early as 2017.

Boustead sees RM527m


windfall from land sale
to S P Setia
BY S U P R IYA S UR E N D R A N

KUALA LUMPUR: Boustead Plantations Bhd, which is selling five


adjoining plots of freehold land in
Penang for RM620.12 million to S P
Setia Bhd for the latters multibillion-ringgit township planned
for launch in 2019/2020 stands
to pocket an estimated gain of
RM527.3 million from the deal.
This represents a gain of 33 sen
per share, said Boustead Plantations in a statement yesterday. The
announcement confirms a report
by The Edge Financial Daily on Nov
11 that Boustead Plantations was
the seller of the Seberang Perai
Utara land.
The disposal of the plots, measuring 677.78ha in total, will unlock
value for the group, said Boustead
Plantations vice-chairman Tan Sri
Lodin Wok Kamaruddin.
The sale consideration represents a premium of RM7.12 million
or 1.16% over the fair market value
of the land of RM613 million accorded by the valuer, Messrs Raine
& Horne.
Weighing the prospect of maintaining the asset, even with crude
palm oil trending at favourable
levels, the sale of the land offers
greater value to the group, he said.
Proceeds of the proposed
sale will also enable the group to

strengthen its liquidity position,


and move forward with our expansion strategy to acquire viable
and economical plantation land
banks when the opportunity arises, added Lodin.
Boustead Plantations inked an
agreement with S P Setias wholly-owned subsidiary Setia Recreation Sdn Bhd to effect the land
sale yesterday.
The announcement came following a successful bid put in by Setia
Recreation during a tender conducted for the sale of the land, which is
located within the Butterworth-Sungai Petani Growth Corridor.
Separately, S P Setia said the
purchase is expected to be funded by proceeds from its issuance
of Islamic redeemable convertible preference shares, which was
completed on Dec 6, and/or bank
borrowings.
The property developer said the
acquisition marks the groups maiden entry into mainland Penang.
The land, it added, is planned for
the development of a mixed development township with an estimated
gross development value of RM9.6
billion which it announced on
Nov 9 comprising landed and
high-rise housing development
and commercial components. It
expects to take 15 to 20 years to
complete the township.

EDITORS PICKS FROM THE


theedgemarkets.com

BNMs international reserves


unchanged at US$96.4b as at Dec 15
BY G H O CHEE Y UA N

KUALA LUMPUR: Bank Negara


Malaysias (BNM) international reserves were unchanged at
US$96.4 billion (RM399.7 billion) as at Dec 15, 2016, compared with two weeks earlier.
In local currency terms, the
international reserves were up
marginally at RM399.7 billion,
compared with the RM399.6 billion that was recorded on Nov
30, 2016.
In a statement yesterday, BNM
said the reserves position was
sufficient to finance 8.3 months

of retained imports and was 1.2


times the short-term external debt,
which included short-term offshore
borrowings, non-resident holdings
of short-term ringgit debt securities, non-resident deposits with the
banking system, and other shortterm debt.
Of the reserves, US$89 billion
was in foreign currency reserves,
US$1.1 billion in special drawing
rights, US$1.6 billion in gold and
US$800 million in International
Monetary Fund reserves position,
with the remaining US$3.9 billion
in other reserve assets.

UMW Toyota names new president


BY A DA M A ZI Z

KUALA LUMPUR: Ravindran Kurusamy has been named as the


new president of UMW Toyota Motor Sdn Bhd, effective Jan 1. He will
replace Datuk Ismet Suki whose
term has ended after 26 years of
association with the company.
Ravindran aims to take the
company further and to continue the momentum of growth
despite challenging times for the

automotive industry.
It is my objective to maximise
Toyotas overall performance in the
Malaysian market and ensure that
the brand remains a major player
in the countrys automotive sector, he said.
UMW Toyota Motor, a JV company established by UMW Corp with
Toyota Motor Corp and Toyota Tsusho Corp, has been the assembler
and distributor of Toyota and Lexus
vehicles in Malaysia since 1982.

MAHB seeks to recover RM298m over LCCT, runway


BY S AM ANTHA HO

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) has


filed separate arbitration proceedings against three consultants to
recover RM297.86 million in losses
and damages over the proposed
development of a new low-cost
carrier terminal (LCCT) and a
third runway at the Kuala Lumpur
International Airport in Sepang.
In separate bourse filings yesterday, MAHB said it had issued a
notice of arbitration against HSS
Integrated Sdn Bhd, KLIA Consultancy Services (KLIACS) and
Straits Consulting Engineers Sdn

Bhd (SCE) with regard to the project mentioned. It is seeking an estimated RM64.62 million from HSS
Integrated, a subsidiary of HSS Engineers Bhd, as at May 2016, for losses
and damages it had suffered. HSS
Integrated was engaged by MAHB
to provide civil and structural consultancy services via an agreement
dated April 13, 2010 for the project.
KLIACS, whom MAHB is seeking estimated losses and damages
of RM148.93 million as at Oct 2016,
is alleged to have breached its obligations in providing consultancy
services for the same project under
an agreement dated Dec 15, 2010.
Meanwhile, SCE, from whom

MAHB is seeking RM84.31 million as at Oct 2016, was appointed by MAHB to provide civil and
structural consultancy services in
regard to the same project, via an
agreement dated April 29, 2010.
In all three cases, MAHB said it
had obtained a preliminary view
from its solicitors, who considered
that the company had good, arguable cases against HSS Intergrated, KLIACS and SCE. MAHB said
attempts were made to amicably
settle these disputes and differences, but these remain unresolved.
The notices are not expected to
have any material impact on the
groups position, it said.

ManagePay plans tie-up with Credit China


BY SANGEETHA AMARTHALINGAM

KUALA LUMPUR: ManagePay


Systems Bhd plans to partner
with Hong Kong-listed Credit
China FinTech Holdings Ltd to
collaborate on financial technology (fintech) solutions, services
and business know-how.
In a filing with Bursa Malaysia
yesterday, ManagePay said it had
signed a memorandum of understanding with Credit China with
a focus on online peer-to-peer

(P2P) financing and online micro


loan, mobile and integrated point
of sale (POS), and e-money and
e-wallet businesses.
They have also agreed to collaborate on MasterCard payment
card issuance or acquisition,
money remittance with Malaysia to/from Myanmar and China,
cybersecurity, certificate authority
and multifactor authentication,
and cross-border e-commerce/
other Internet-related services
and solutions.

The initial phase of cooperation will focus on offering products and services in Malaysia.
The cooperation may eventually
extend across Southeast Asian
countries.
Both Credit China and ManagePay look to conclude a working relationship, not only a vendor-buyer relationship, but may
enter into potential equity collaboration subject to compliance
with local laws and regulations,
it added.

HOME BUSINESS 9

FRIDAY DECEMBE R 23 , 20 16 T HEED G E FINA NCIA L DA ILY

Petronas output cut unlikely


to hurt government revenue
KUALA LUMPUR: The decision by
national oil firm Petroliam Nasional
Bhd (Petronas) to make a voluntary
adjustment to Malaysias crude oil
production starting from January
2017 is unlikely to hurt government
coffers, say analysts.
On Wednesday, Petronas said
in a statement that it will cut up to
20,000 barrels per day (bpd) of crude
oil from the countrys 2016 average
production following the pact made
in Vienna on Dec 10 between the
Opec and 11 other non-Opec countries to reduce global oil supply.
Petronas 2016 production was
estimated at 648,000 bpd, according
to an economic report issued by the
Malaysian government in October.
M&A Securities Sdn Bhd head of
research Rosnani Rasul in an email
told The Edge Financial Daily that
the governments reliance on oil
revenue is reducing.

The impact of the reduction will be compensated by a rise in crude oil prices, said Johari
yesterday. Photo by Shahrin Yahya

So, its not going to be that bad.


Secondly, a 20,000bpd cut I guess is
manageable, more so when the oil
price is likely to head north.
Additionally, the cut is not going to be permanent. I would prefer a production cut and the price
to go upwards than [have] no cut
and the price continues to be subdued, she said.
An analyst with a local bank-

backed research house said the


Malikai field, Malaysias first tension leg platform for deep water
project, which achieved its first oil
production on Dec 11, is expected
to come onstream with an expected
60,000bpd early next year.
This could offset the planned
cuts.
Also, the Budget 2017 assumption of crude oil price is at US$45

DEIAs by the DoE would also help the


NPPC and SPAD decide to give their
aye or nay to the project. That is why
we hope to get the DoEs approval.
We cannot go ahead with the PTMP
if we dont get the approval. We also
cannot go into the final alignment
of the LRT, station designs and land
acquisitions without the approvals.
On a question about the projects
cost-benefit analysis, Chow said SRS
Consortium had done an economic
and finance study on the economic
benefit against the expected environmental and social losses in the
southern region of the island, and
found that the potential economic
gains outweigh potential losses.
Additionally, Chow said a peer
review of the PTMP is being conducted by Universiti Sains Malaysias
civil engineering department head,
Professor Leong Lee Vien.
SRS Consortium comprises
Gamuda (with a 60% stake), Ideal Property Development Sdn Bhd
(20%) and Loh Phoy Yen Sdn Bhd
(20%).

been appointed as non-independent and non-executive directors


of SRC.
MHIL, a wholly-owned subsidiary of Chinas Shandong Hengyuan Petrochemical Co Ltd, on Dec
19 acquired 153 million shares in
SRC for US$66.3 million (RM293.76
million), or 43 US cents a share.

MHIL is launching an unconditional mandatory offer to acquire


the remaining 49% stake in SRC for
RM1.92 per share.
In a statement yesterday, SRC
said it will remain a refinery and
MHIL will invest in upgrades to
meet the locally mandated Euro
4M and Euro 5 requirements.

(RM201.60) a barrel. Given our


outlook for the ringgit, which we
anticipate to remain subdued next
year, the foreign exchange gain will
more than make up for the planned
cuts by Petronas, he said.
Earlier yesterday, Second Finance Minister Datuk Johari Abdul Ghani said Petronas decision
to cut its oil production will not
have any significant impact on the
governments revenue.
He added that the impact of the
reduction would be compensated
by a rise in crude oil prices.
Petronas production is about
500,000bpd. The 20,000bpd cut constitutes less than 5% of its overall
oil production. Although Petronas
decided to cut, the oil price has
increased.
Actually the volume cut will be
compensated by a better oil price,
he told reporters on the sidelines of
Prasarana Malaysia Bhds Ampang
LRT line 20th anniversary event.

Premature of Putrajaya to condemn DEIAs Penang


BY S A N G EETHA A MA RTHA L I NGAM

GEORGE TOWN: The Penang government has refuted a federal ministers claims that the state has failed
to comply with the law in preparation
of relevant environmental impact
studies for the RM46 billion Penang
Transport Master Plan (PTMP), saying such claims were premature
as the reports have yet to even be
submitted to Putrajaya.
State local government, transportation and flood mitigation committee chairman Chow Kon Yeow
said the state and Gamuda-led SRS
Consortium, which appointed consultants Dr Nik & Associates Sdn Bhd
to prepare the reports, abided by
law when conducting the detailed
environmental impact assessments
(DEIAs).
Upon [securing] approval from
the Department of Environment
(DoE) [for the DEIAs], we will seek
approvals of the National Physical
Plan Council (NPPC) and the Public
Land Transport Commission (SPAD).

We are executing this according to


the law, Chow told a press conference yesterday.
Chow said this in response to
claims by Natural Resources and
Environment Minister Datuk Seri
Wan Junaidi Tuanku Jaafar, as reported by a local daily on Tuesday,
that the DEIAs were not complete
and had failed to address several issues regarding the land reclamation
involving three islands measuring a
total of 1,700ha that is expected to
take place off the southern coast of
Penang Island.
Chow, who admitted that securing the approval of the DoE, which
is under Wan Junaidis ministry, remains the biggest obstacle in the
states path to realising its ambitious
transport plan, also said the reclamation is crucial as it forms the core of
the financing model of the massive
project.
In short, if the reclamation is no
go, Penang would be hard-pressed
to find another source of funding for
the multibillion project.

SRS Consortium is set to submit


all three detailed DEIAs for land reclamation, Pan Island Link highway
as well as the rail links, to the DoE
by the second week of 2017, he said.
The PTMP is expected to kick off
with the first phase of development
involving reclamation, the light rail
transit (LRT) and highway in the first
quarter of 2018, upon the receipt
of DEIA approvals from the federal
government and signing of the final
agreement with SRS Consortium.
These three developments are in
phase one and will start simultaneously, but reclamation must move
ahead because land sale revenues
are needed to finance the projects,
Chow said.
Additional components of the
PTMP, included since August 2015
and deemed phase two of the project, comprise developments on the
mainland such as a monorail line in
Seberang Perai, interchanges in Butterworth and Juru, bus rapid transits
and road upgrading.
Chow said the approval of the

BY G H O C H E E Y UA N

KUALA LUMPUR: Kuantan


Flour Mills Bhd (KFM) said
it had yet to receive any official reply from Felcra Bhd on
the reason of the recent retraction of letter of interest from
the company to explore the
possibility of participating in
KFMs equity.
KFM said a follow-up letter
was sent to Felcra on Wednesday to seek the latters official
reply in relation to an earlier
letter it sent.
As of now, we have not received any official reply from
Felcra, it said in a filing with
Bursa Malaysia yesterday.
KFM said it will make further announcement as and
when there is development
in the above matter.
KFM on Dec 13 announced
that Felcra was considering
taking up a stake in the Practice Note 17 (PN17) company
via a reverse takeover (RTO).
This came after the loss-making flour miller aborted its plan
to launch a RTO on water filtration systems provider NEP
Holdings (M) Bhd early last
year.
However, Felcra on Dec 15
announced that it had retracted
its register of interest and was
ceasing all exploratory pursuit
to participate in KFMs equity
without giving a reason.
As such, our letter dated
Dec 9 to KFM shall no longer
be of any effect, the letter from
Felcra read.
The Dec 13 announcement
sent KFMs stock surging to a
high of 24.5 sen in two days
from a mere four sen. However, the retraction by Felcra
subsequently caused KFMs
share price to erase all its gains.
KFM shares closed unchanged
at eight sen yesterday, with a
market capitalisation of RM5.46
million.
KFM had been reporting
financial losses since its financial year ended March 31, 2009,
slipping into PN17 status on
Dec 28 last year.
For the financial year ended
Sept 30, 2016, its net loss stood
at RM12.09 million on revenue
of RM3.92 million. There was
no comparable corresponding
period as KFM had changed its
financial year end from March
31 to Sept 30.

The 20,000bpd constitutes less than 5% of its overall oil production minister
BY SURIN MURUGIAH & YIMIE YONG

Kuantan Flour
Mills still waiting
for Felcras
explanation

Change of guards at Shell Refining Co


BY S AM A N T HA H O

KUALA LUMPUR: Chinese national Wang Youde has been named


non-independent and non-executive chairman of Shell Refining Co
(Federation of Malaya) Bhd (SRC)
following the completion of the
sale of Shell Overseas Holdings

Ltds 51% stake in SRC to Malaysia Hengyuan International Ltd


(MHIL).
Wang, 53, who is the chairman
and general manager of Shandong
Hengyuan Petrochemical, replaces Datuk Iain John Lo, who has
resigned after serving in the post
since July 2012.

At the same time, Martinus Joseph Marinus Aloysius Stals, 50, is


replacing Amir Hamzah Abu Bakar
as SRCs managing director.
Since November 2014, Martinus
Stals has been the senior operations
officer of SRC.
Chinese nationals Sun Jianyun
and Wang Zongquan have also

10 H O M E B U S I N E S S

FR I DAY DEC EM B ER 2 3 , 2 0 16 TH EEDGE FI N AN C I AL DAI LY

CG disclosures by listed
firms improve in 2016
Companies reviewed score an average of 69% compared with 61% in 2014 study
BY WO N G EE L I N

KUALA LUMPUR: A review of 435


listed firms annual reports found
that the state of corporate governance (CG) disclosures improved in
2016, with room for improvement,
especially disclosures of the activities of the board, board committee
and individual directors.
According to a study by Bursa
Malaysia Bhd, the companies reviewed for their disclosures scored
an average of 69% compared with
61% in 2014.
Large-capitalisation companies achieved [an] average score of
72% compared with 64% in 2014,
mid-cap companies scored 67%
compared with 60% in 2014, while
small-cap companies recorded significant improvements from 60%
in 2014 to 68% in 2016, Bursas
third CG analysis report released
yesterday said.
The report also showed that
30% of small-cap and large-cap
listed issuers scored bonus points
for meaningful disclosures which
provided insights into the listed
issuers CG practices. In comparison, 15% of mid-cap listed issuers scored bonus points for their
disclosures.
The most significant improvement was in the area of upholding
the integrity of financial reporting
which relates to disclosures about

the audit committee and internal


audit activities. Disclosures improved by 10% from 58% in 2014
to 68% in 2016, said Bursa.
The latest review was undertaken to assess whether these listed
issuers had improved their disclosures, following the regulators review of CG disclosures in 280 listed
issuers annual reports in 2014.
As the exchanges regulatory
framework is benchmarked against
the Organisation for Economic
Co-operation and Developments
principles of CG, the high scores
achieved by our listed issuers are
a testament to the high standard
of corporate governance in our
marketplace, as well as the emphasis placed by our listed issuers
in continuously stepping up their
efforts and ensuring meaningful CG practices and disclosures,
said Bursa chief executive officer
(CEO) Datuk Seri Tajuddin Atan
in a statement yesterday.
We are delighted to say that
our supervisory approach with
equal emphasis on CG advocacy
programmes and engagements
with our listed issuers has been
successful and we will continue
to do the same moving forward.
It is especially heartening to
note that our small-cap companies
have improved their CG disclosures significantly which clearly
shows that the size of listed issu-

Tajuddin: It is especially heartening


to note that our small-cap companies
have improved their CG disclosures
signicantly. Photo by Kenny Yap

ers market capitalisation is not a


barrier to good quality CG practices, Tajuddin added.
Bursa also deemed the quality
of disclosures for each of the six
principles assessed under the Malaysian Code of Corporate Governance (MCCG) 2012 as satisfactory,
noting that there was a high level
of adherence to the listing requirements and the MCCG principles
and recommendations.
There was an increase in the
number of listed issuers who separated the position of chairman
and CEO in line with [the] best
practices, said Bursa.
The report also highlighted that

94% of listed issuers disclosed that


they assessed their independent
directors annually compared with
78% in 2014, while 96% of listed
issuers who retained their independent directors beyond nine
years provided justification in their
notice of annual general meeting.
The number of listed issuers
who provided information on how
they assessed the suitability and
independence of their external
auditors also rose to 76% in 2016
compared with 63% in 2014.
Meanwhile, only 56% of listed
firms disclosed criteria for evaluation of individual directors, 40%
disclosed criteria for evaluation
of the board committee and 65%
disclosed criteria for evaluation
of the board.
Most listed issuers also continued to issue generic disclosures in
their statement of risk management
and internal control, said Bursa.
Going forward, the regulator
said it will continue with its efforts to build a market of quality through various engagements
with its listed issuers, including
advocacy programmes and other
initiatives.

Aeon Credit 3Q profit grows 26%


BY Y I M I E YONG

KUALA LUMPUR: Aeon Credit


Service (M) Bhd saw its net profit
rise 26% to RM67.05 million in the
third quarter ended Nov 30, 2016
(3QFY17) from RM53.36 million a
year ago, on higher revenue and
other operating income.
According to the groups
bourse filing yesterday, its
3QFY17 revenue was up 14% yearon-year (y-o-y) at RM280.35 mil-

lion compared with RM245.78


million previously.
For the nine months ended Nov
30, 2016 (9MFY17), Aeon Credits net profit grew 16% y-o-y to
RM184.97 million from RM160.09
million, as revenue gained 15%
y-o-y to RM811.11 million from
RM706.94 million.
Aeon Credit said its financing receivables as at Nov 30, 2016
were RM6.21 billion, up 21% from
RM5.15 billion as at Nov 30 last

year, with higher growth registered


for personal financing and vehicle
financing portfolios.
The non-performing loan ratio was 2.33% as at Nov 30, 2016,
compared with 2.68% a year ago.
Aeon Credits operating income which rose 31% y-o-y in
3QFY17 to RM28.42 million, and
24% to RM81 million in 9MFY17
comprised mainly bad debts
recovered, commission income
from sale of insurance products

and AEON Big loyalty programme


processing fees.
The company expects to be
able to maintain its current financial performance for the year ending Feb 28, 2017 (FY17) despite
challenges posed by the Asian
economy, it added.
Shares in Aeon Credit closed
four sen or 0.28% lower at RM14.24
yesterday, with 208,500 shares
traded, with a market capitalisation of RM2.05 billion.

Malaysia extends bauxite mining ban for another three months


KUALA LUMPUR: Malaysia yesterday extended a moratorium on
bauxite mining by three months,
from the start of 2017, to allow
remaining stockpiles of the aluminium-making commodity to
be cleared.
Natural Resources and Environment Minister Datuk Seri Dr
Wan Junaidi Tuanku Jaafar also
said that high stockpiles, nearly
a year after the ban was first imposed, suggested illegal mining

may have been carried out.


"There's an indication that there
is illegal mining going on, otherwise there would be no heap [of
bauxite]," Wan Junaidi told a press
conference.
About 2.95 million tonnes of
stockpiles remain around Kuantan, the capital of the key bauxite
producing state of Pahang, he said.
Kuantan had 3.6 million tonnes of
stocks in April.
Malaysia's largely unregulated

bauxite mining industry boomed


over the last two years to meet demand from top aluminium producer China, filling in a supply gap after
Indonesia banned exports.
But the frenetic pace of digging
led to a public outcry with many
complaining of water contamination and destruction of the environment.
In January, the government imposed its first three-month ban on
mining the commodity, before ex-

tending it multiple times.


Wan Junaidi said that any mining firms operating illegally might
be granted permission to extract
bauxite in the future if they applied
for proper permits from the state
government.
During the ban, Malaysia had
exported 5.3 million tonnes of bauxite, he said, just a quarter of the 20
million tonnes shipped to China
between January and November
2015. Reuters

Poh Huat 4Q
net profit jumps
20% on better
margins, strong
US dollar
BY A H MA D N AQ IB ID R IS

KUALA LUMPUR: Poh Huat Resources Holdings Bhd reported


a 20% increase in net profit to
RM19.06 million or 8.93 sen per
share for the fourth quarter ended
Oct 31, 2016 from RM15.85 million
or 7.43 sen per share a year earlier,
supported by better profit margins
and the strengthening of the US
dollar against the ringgit.
Revenue rose 8% to RM152.05
million from RM140.179 million,
the group said in a filing with the
stock exchange yesterday.
It attributed the top line improvement to sustained demand
for its products from the US and
Canada markets, while its Vietnamese factories saw better efficiency, following the completion
of its new spray-line facilities in
August.
Meanwhile, Poh Huat said its
Malaysian factories saw a moderation in turnover amid product
rationalisation and gestation period for new products.
The group also saw better gross
profit margin for the quarter due
to higher level of production and
improvement in margin of products shipped from Vietnam. The
strengthening of the US dollar
against the ringgit also boosted
its bottom line.
For the full-year period, net
profit was up 20% at RM47.06 million compared with RM39.19 million in the year before, while revenue increased 18% to RM535.22
million from RM453.93 million.
Going forward, the group said
it expects demand for household
products to be sustained over the
next few years, in line with the
improvement in the US housing
market.
Over the last two years, furniture and home furnishing stores
have fared better than other retail
trade businesses such as department stores and clothing stores.
The industry itself is performing
roughly twice as well as the overall economy, due in large part to
strong performance in bedroom
and dining room furnishing sales,
it said.
However, the hike in US interest
rate could potentially impact the
housing market, said Poh Huat,
adding that a slower housing market would impact the furniture
industry in the US.
Correction
WITH reference to the article titled
KIP REIT seeks RM234m via Main
Market listing published yesterday,
the net property income forecast
for the financial year ending June
30, 2017 was for the period of eight
months from the date the real estate
investment trust was established
Nov 2 this year and not for the
12-month period, as indicated in
the article. The error is regretted.

H O M E B U S I N E S S 11

FRIDAY DECEMBE R 23 , 20 16 T HEED G E FINA NCIA L DA ILY

Country on the way


to recession, says Dr M
But he disagrees that his policies are to blame for current woes
BLOOMBERG

BY S UPR I YA SU REND RA N

KUALA LUMPUR: Former prime


minister Tun Dr Mahathir Mohamad says Malaysia is on the way
to a recession, but rejects claims
that the countrys economic woes
originated from his policies.
In an exclusive interview
with iMoney, Dr Mahathir was
asked about the results of a survey among millennials conducted by iMoney which stated that
Malaysians think the country is
in a recession.
Well, the country is going
through a process of recession.
[A] recession has many stages but,
of course, the first thing you will
feel is the cost of goods going up
and you are unable to sustain the
standard of living that you are
used to.
That is a sign you are already
on the way to [a] recession, said
the 91-year-old politician.
During the interview, he was
asked to comment on an opinion piece on the East Asia Forum
entitled Malaysias mess is Mahathir-made by Dan Slater, an
associate professor in political science at the University of Chicago.
In the piece published in July
last year, Slater implied that the
economic ruin of Malaysia commenced with Dr Mahathir and
not with present Prime Minister
Datuk Seri Najib Razak.
Slater also said the former
prime minister didnt pull Malaysia out of its crisis with economic reform or adjustment, but
instead with more borrowing and
spending.
Not true, responded Dr Mahathir. Obviously, I wouldnt
last 22 years if the recession was
caused by me. If the crisis was
caused by me, I would have, during my 22 years, faced the problem
of debt payments, [a] recession
and all that.
All these things happened after [I retired]. Surely, if they happened after that, it cannot be because I contributed towards it, he
said, blaming the current woes on
changes in policy brought about by
his immediate successor Tun Abdullah Ahmad Badawi and Najib.
They wanted to make their
own legacy and they changed
the policy. The government gives
BR1M (1Malaysia Peoples Aid),
for example, to just give money
to [the] people. When you give
money to [the] people like that,
you have no money for projects or
other things that generate wealth,
said Dr Mahathir.
He added that during his tenure
as prime minister, he borrowed
money from the Japanese because
their offer was at a 0.7% rate of
interest, repayable over 40 years.
Its almost like free money. If

Dr Mahathir: I think
this country is rich.
This country has
talented people. It
can grow to become
a developed country.
But leadership is
important. We need
to go back to the tried
and tested methods
of growth.

you didnt borrow, then you were


stupid. So, I borrowed.
They can see my record of borrowing very little. Even during
the currency crisis, we did try to
borrow but failed, but it didnt
matter because Malaysia had got
huge savings, one of the biggest,
said Dr Mahathir.
About 40% of gross domestic
product was saved every year in
the form of fore savings where
people can put their money and
take it out when they want, perhaps KWSP (Employees Provident
Fund), Socso, for injuries, the pilgrims fund (Lembaga Tabung
Haji) or PNB (Permodalan Nasional Bhd), the government-run
unit trust.
So, there were huge savings
in Malaysia, which was unusual for any developing country or
developed country. Because of
that, we had financial strength.
It was a matter of mobilising the
finances, he said.
Dr Mahathir then made a comparison by referencing the current
management of the countrys finances.
Unfortunately now, the government monetised the wealth
and created things like FGV or
Felda Global Ventures [Holdings
Bhd], for example. They valued the
wealth and sold it as shares in the
market, took the money and invested it in non-profitable things.
And Tabung Haji, the pilgrims
fund ... 1MDB (1Malaysia Development Bhd) had bought government land at below market price,

at RM64/sq ft, when its surrounding area was sold at RM7,000/sq ft.
Then, it subsequently sold the land
to Tabung Haji for RM2,773/sq ft.
Was that what I was doing?
he asked iMoney.
According to Dr Mahathir, he
cultivated the tendency to save
money at a young age, and had
brought this with him when he
was in office.
When I took over as prime
minister, the country was not doing well. To progress, we needed
to have money.
So, I did not try to do anything
that would cause the government
more funds until, of course, the
country turned around and became more prosperous, he said.
On his move to peg the ringgit
at 3.8 against the US dollar during
the Asian financial crisis in 1998
to protect it from currency speculators, Dr Mahathir said it was a
well-thought-out move.
People said the country will
have a black market, the currency
will devalue, all kinds of things will
happen to this country. Indeed,
they happened, but we had set
up certain bodies which looked
into all these possible problems.
Although it was dangerous,
we were prepared for the eventual problems and we were able
to handle it.
The fact still remains: Very few
countries can do this. Because if
you dont have the capacity to
handle the side effects of fixing the
exchange rate, it will fail, he said.
Dr Mahathir went on to say the

pegging was necessary because


the ringgits devaluation at that
time was artificial.
When you sell currency, it
tends to devalue. It is a question
of supply and demand. When you
have too much currency on the
market, the value goes down. If
you have a shortage of currency,
the value goes up.
What happened was currency traders dumped money in the
market in the hopes that when the
value of the currency went down,
they could buy it [at] a lower price
and sell it higher.
So, it was not due to any mismanagement of finances, at least
in Malaysias case, but due to currency traders manipulating the
market. Speculation is okay; manipulation is not, he said.
He opined that the ringgits
weakening to 4.885 against the
US dollar in 1998 was caused by
currency traders, but its current
weak level of 4.4770 against the
greenback is due to loss of faith
in management of the economy
and finances of the country.
When you borrow a lot of money, you are putting yourself in a
very tight position that forces you
to look at money to pay your debts,
meaning people will think you are
not managing your finances well.
Because of that, they tend to
go away to other currencies. They
dont want to use this currency.
So, there is a lack of demand for
the Malaysian currency, and when
there is a lack of demand, the currency depreciates.

This is what is happening today. It is not so much political. Of


course, this is bad management.
I mean, the government is borrowing so much money, which
is abused and not used to get returns, he said.
Dr Mahathir also opined that
the present government is not
spending enough on education.
I believe that currently, they
are cutting back on their allocation of funds for the higher education ministry even though they
have a good budget. But those are
just figures as the funds are not
available.
So, on one hand, we need
more funds for education; on the
other hand, we need to study the
contents of our education curriculum and find out what is [the]
best to suit current needs.
Current needs, of course, are
more on science and technology,
which I had changed the teaching
of science and maths to English,
but [which] they reverted to Malay.
I think we are going to have
poorly educated people who either
may not find jobs or find low-paying ones, he warned.
However, Dr Mahathir still believes Malaysia can grow to be a
developed country with the right
leadership.
I think this country is rich.
This country has talented people. It can grow to become a developed country. But leadership
is important. We need to go back
to the tried and tested methods
of growth.

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

FR I DAY DEC EM B ER 2 3 , 2 0 16 TH EEDGE FI 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.

HAI-O ENTERPRISE BHD (-ve)


SHARES in Hai-O Enterprise Bhd (fundamental: 3/3, valuation: 1.7/3), which triggered our momentum algorithm yesterday
for the fifth time this year, saw its trading
volume surge 8.8 times to 1.38 million versus its 200-day average of 155,774 shares.
Hai-O closed up 17 sen or 4.51% at RM3.94
yesterday, valuing the company at RM756.26
million.
For the second quarter ended Oct 31,
2016 (2QFY17), Hai-Os net profit rose 78%
to RM15.91 million from RM8.94 million a
HAI-O ENTERPRISE BHD

year ago, following better performance from


its multilevel marketing division.
Quarterly revenue was up 36% to RM99.78
million against RM73.59 million a year earlier. It intends to pay a five sen dividend for
the period, for which the book closure and
payment dates have yet to be fixed.
It has also proposed a one-for-two bonus worth 50 sen per share, and a five-year
establishment of an employee share option
scheme of up to 15% of its issued and paidup share capital.
Valuation score*
1.70
3.00
Fundamental score**
18.33
TTM P/E (x)
0.58
TTM PEG (x)
2.73
P/NAV (x)
3.98
TTM Dividend yield (%)
727.34
Market capitalisation (mil)
192.93
Shares outstanding (ex-treasury) mil
0.34
Beta
2.21-3.89
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

IDEAL JACOBS (M) CORP BHD (-ve)


SHARES in Ideal Jacobs (M) Corp Bhd, which
closed up 0.5 sen or 2.17% at 23.5 sen yesterday, triggered our momentum algorithm
for the seventh time this year.
Ideal Jacobs is involved in making nameplates, custom labels, membrane switches,
fabric-over-foam gaskets, die-cut components,
injection-moulded panels and machined parts.
In the third quarter ended Sept 30, 2016, it
reported a small profit of RM965,000 versus a
net loss of RM397,000, mainly due to higher
IDEAL JACOBS (M) CORP BHD

sales and reversal of corporate exercise expenses over accrued of RM510,000. Revenue
for the quarter gained 13.7% to RM10.37 million from RM9.12 million a year ago, as revenue across all business segments improved.
For the cumulative nine months, it posted
a net profit of RM2.84 million from a net loss
of RM1.32 million, while revenue improved
15.5% to RM29.73 million versus RM25.74
million previously. As at close yesterday, it was
trading at 1.15 times its price-to-book value.
Valuation score*
0.30
1.30
Fundamental score**
9.51
TTM P/E (x)
TTM PEG (x)
1.16
P/NAV (x)
TTM Dividend yield (%)
31.21
Market capitalisation (mil)
135.70
Shares outstanding (ex-treasury) mil
2.10
Beta
0.14-0.23
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

TECK GUAN PERDANA BHD (-ve)


SABAH-based Teck Guan Perdana Bhd (fundamental: 1/3, valuation: 1.1/3), which triggered our momentum algorithm yesterday,
saw 2.82 million shares traded, 18 times above
its 200-day average volume of 126,299 shares.
The group led the top losers list of Bursa
Malaysia on market close as its share price
dropped 50 sen or 18.05% to RM2.27, giving
it a market capitalisation of RM93.43 million.
Year to date, the group has gained 46 sen
or 25.4%. Its net profit for the third financial
quarter ended Oct 31, 2016 (3QFY17) rose
TECK GUAN PERDANA BHD

33.8% to RM3 million from RM2.24 million a


year earlier, attributed to higher selling prices for its palm oil products, favourable exchange rate and an increase in sales volume.
Revenue shot up by 90% to RM92.9 million
from RM48.89 million, mainly contributed
by increased selling prices and sales volume.
For the cumulative nine-month period (9MFY17), its net profit climbed 39% to
RM10.66 million against RM7.67 million
in 9MFY16, while revenue rose 71.5% to
RM289.52 million from RM168.78 million.
Valuation score*
1.10
1.00
Fundamental score**
11.20
TTM P/E (x)
0.02
TTM PEG (x)
1.13
P/NAV (x)
TTM Dividend yield (%)
111.07
Market capitalisation (mil)
40.10
Shares outstanding (ex-treasury) mil
0.53
Beta
1.03-2.77
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

P R O P E RT Y

Xi again pledges to curb


speculation in China
BY Y I NAN Z HAO

BEIJING: President Xi Jinping said China should deflate property bubbles and
regulate the market for rental housing to
better meet peoples residential needs,
reinforcing the objectives outlined last
week at an annual gathering of the countrys top economic leaders.
The country should accurately understand the residential feature of housing and create a better system for purchases and rentals to better serve new
urban populations, Xi said on Wednesday at a meeting of the Central Leading
Group on Finance and Economic Affairs,
the official Xinhua news agency reported.
The market will play the leading role in
catering to multi-layered demand, while
the government will take care of basic
housing demand.
China will take a varied approach to

regulating the property market and use


an array of measures from financial and
fiscal to land and taxes to better serve peoples needs, Xi said, echoing pledges last
week by top leaders at the annual Central
Economic Work Conference.
Policymakers led by Xi said last Friday
they plan a prudent and neutral monetary
policy next year and that preventing and
controlling financial risk to avoid asset
bubbles will be a priority. Houses are
built to be inhabited, not for speculation,
the post-meeting statement said.
The overheated property market continued cooling in November as authorities rolled out renewed home buying
curbs. New-home prices, excluding government-subsidised housing, gained from
the previous month in 55 of the 70 cities
tracked by the government, compared
with 62 in October, the National Bureau of
Statistics said on Monday. Bloomberg

Chinas tallest building says has


resolved issues that delayed opening
AFP

BY E M M A DO NG

SHANGHAI: The Shanghai Tower (pic,


left), Chinas tallest skyscraper, said it has
resolved fire safety issues that delayed
its full opening for 18 months.
Fire inspections have been completed for all of the 632m building, located
in Shanghais Lujiazui financial district,
except for two upper areas that house
a hotel, Shanghai Tower Construction
& Development Co said in a statement
dated Dec 20. It didnt give an opening
date for the buildings full opening.
The tower is the latest addition to a
city skyline that already boasts some of
the worlds tallest skyscrapers, including the 492m Shanghai World Financial Center. While the lowest five floors
were opened in April, various technical issues have pushed the 125-storey
buildings full opening well past its
original mid-2015 schedule. In May,
a glass plate fell from the upper floors
while being replaced and injured a

passer-by, leading to longer inspections.


Being the first property project more
than 600m high in China, there are many
technical difficulties, the operator said in
the statement. The existing inspection
standards dont apply to some new techniques and materials used in the tower,
so we had to advance the inspection work
step by step. Bloomberg

Vancouver home prices to face


double-digit drop in 2017
BY NATALI E O BI KO P E A R S O N

TORONTO: Vancouvers long-awaited


housing correction may be around the
corner: Prices are headed for a double-digit decline in 2017 as buyers drop
out of the market, according to Canadas
largest real estate services company.
Home prices had gotten so out of whack
with the growth in underlying wages and
salaries that there had to be a correction,
said Phil Soper, chief executive officer of
Royal LePage, a unit of Brookfield Real Estate Services Inc. And itll happen in 2017.
It is preparing a formal forecast for release in early January based on data from
Brookfield, which also runs the nations

biggest property valuation company. Those


appraisals are used by banks, insurance
companies and mortgage underwriters.
Were looking at all these trends, Soper
said. If its not double digit, itll be close to it.
Buyers began to pull back earlier this year
as prices shot out of range for most residents,
with the typical single-family house skyrocketing nearly 40% over a 12-month period.
That helped put the Pacific Coast town at
No 1 on a global ranking of cities most at
risk of a housing bubble by UBS Group AG.
A series of policy moves, including
a 15% tax on foreign buyers and tighter
mortgage rules, has hammered sentiment, accelerating a slowdown that had
already begun, Soper said. Bloomberg

B R O K E R S C A L L 13

FRIDAY DECEMBE R 23 , 20 16 T HEED G E FINA NCIA L DA ILY

Lacklustre non-NII growth


expected for banks
Banking sector
Maintain neutral: As 2016 comes
to a close, the storm gathered at
the start of the year shows no
signs of abating. The slowdown,
which stemmed from domestic
headwinds, is now exacerbated by
uncertainties of prolonged weak
growth, heightened global financial stability and rising political
risks looming externally. In our
worst-case scenario, the US Federal Reserve could increase rates
by four to five times in 2017 under
the Trump regime. We believe the
ringgit could depreciate to between RM4.60 and RM4.80 per US
dollar, if that happens. Sparking off
a chain of events, we believe 2017
would be shrouded by softening of
global trade, depleting cash flows,
weakened debt servicing abilities,
and further rise in credit risks.
Barring the worst possibilities,
we foresee more moderation and
muted loan growth while margins
could narrow further given potential overnight policy rate (OPR)
cuts and ongoing competition for
both loans and deposits. We predict lacklustre non-net interest
income (NII) growth for the sector
although there may be some opportunities for fee income growth.
Despite the negative sentiments
surrounding the sector, we predict
stronger earnings growth of 8.2%
year-on-year (y-o-y) in 2017 versus an increase of 2.5% in 2016.
Note however, that the bulk of the
increase is underpinned by asset
quality weakness in the overseas
operations and lumpy one-off

allowances for some corporate


accounts undertaken by several
banks in 2016.
We assume that credit charges
for the sector should normalise
although banks remain cautious
about the outlook, noting that asset quality weakness dominated by
the oil and gas sector in 2016 could
extend to other segments such
as small and medium enterprise,
manufacturing, commercial real
estate and retail. As such, we believe earnings cuts in 2017 due to
these lumpy surprises are possible,
leading to a potential downgrade
in our sector call.
We predicted more easing in
loan growth for 2016. Year to date
(YTD), total loans and advances
have grown by 3.3% as of October
2016, a steep slowdown compared
with growth of 6.3% reported a year
ago. Given the weak underlying
market undertone, we lowered
our loan growth forecast to 3.6%
from 5.7% in a report issued in October, as total loans and advances
decreased to 4.2% in August 2016.
Coming from a low base, we
predict a stronger loan growth of
5% in 2017, premised on a 5.1%
y-o-y and 4.9% y-o-y increase in
consumer and business loans respectively. We note that despite
the slight uptick, growth will still
be below the industrys 10-year
average growth rate of 10% per
annum.
We foresee buying sentiments
to remain weak while financial
institutions continue to adopt a
cautious stance in approving loans.

On that note, easing of home loans,


which make up 31.5% of total advances in the system, could persist
going into 2017.
We forecast mortgage loans to
grow by between 8% and 9%, from
between 9% and 10% in 2016. According to the National Property
Information Centre, sales of residential homes in the first half of
2016 fell by close to 15% y-o-y.

We foresee buying
sentiments to remain
weak while nancial
institutions continue
to adopt a cautious
stance in approving
loans.
Leading the decline was softer
demand for properties priced between RM100,000 and RM500,000
(down 15.5% y-o-y) while demand
for more expensive homes (valued
above RM500,000) contracted by
9.7% y-o-y. Correspondingly, application for loans to finance residential mortgages has softened.
We believe the steady decline in
approval for residential loans also
partly contributed to more subdued sales.
According to Bank Negara Malaysia (BNM), loans applied and
approved for the purchase of residential properties are on a declining
trend, with the approval rate slipping
to about 42% from 50% in 2015.

Pharmaniaga
seen beneting
from network,
Indonesia
population

Accounting for about 11% of


total loans, we also project a slight
pickup in hire purchase loans as
the total industry volume rebounds
from a contraction in 2016. In addition to the low base effect, we
foresee pent-up demand as well
as the launch of new facelift models from popular marques such
as Toyota, Honda and Perodua to
help spur sales.
With that, we forecast hire purchase loans to increase by 2.4%
in 2017 from -1.2% in 2016. Supported by an improvement in hire
purchase loans, we forecast consumer loans to register stronger
credit growth of 5.1% y-o-y in 2017
from 4.4% in 2016.
Elsewhere, YTD business loans
have fallen short of our expectations. While this could partly be
fuelled by several lumpy repayments, business loans have only
risen by 2.8% as of September 2016,
or 2.1% YTD below our full-year
forecast of 6.7%.
As such, we have revised our
2016 forecast for this segment to
2.6%. We note that there could
be some room for an expansion
in business loans in 2017 on the
back of an increase in the utilisation of existing credit lines and
drawdowns to finance working
capital.
Banks with exposure to Indonesia such as Malayan Banking
Bhd and CIMB Group Holdings
Bhd will likely see more margin
compression on the back of six
successive cuts in the benchmark
rate. TA Securities, Dec 22

Pharmaniaga Bhd
(Dec 22, RM5.20)
Initiate buy with a target price
of RM5.80: Pharmaniaga Bhd
has a 100% market share of the
government concession business
of RM1.2 billion. This concession
agreement enables the company
to supply and distribute pharmaceutical products to medical institutions under the health ministry
via its logistics and distribution
division until 2019.
Pharmaniagas earnings in
the manufacturing division rely
on the development and launch
of new products. We see high
growth potential in the segment
for its better-quality high-margin pharmaceutical products,
200 new products in the pipeline for the next 10 years and
capacity expansion management guided that it is adding
high volume capacity equipment as it foresees healthcare
spending to escalate.
Pharmaniagas Indonesian
operation contributed 23% of
the groups total revenue for
the financial year ended Dec
31, 2015 (FY15). Going forward,
we think that Pharmaniaga will
benefit from both its network of
29 branches across the country
and also from Indonesias large
population of 255 million.
We project FY17 and FY18
net profit growth of +24.5% and
+14.3% respectively, premised on
expectations of an increase in supply orders from the government,
increased contribution from its
Indonesian operation and new
generic drugs introduced to the
market. MIDF Research, Dec 22

2017 rail theme positive for construction sector


Construction sector
Maintain overweight: Last Friday,
a day after the official launch of
phase 1 of the mass rapid transit
(MRT) Sungai Buloh-Kajang (SBK)
line, we hosted a group tour for 10
domestic fund managers to experience the countrys first MRT system.
Phase 1 runs 21km (fully elevated)
from Sungai Buloh to Semantan,
covering 12 major catchment areas, including Bandar Utama, Kota
Damansara and Sungai Buloh. We
started our journey from the Semantan station around mid-morning, which was an off-peak slot.
A good news on the eve of our
event was Prime Minister Datuk
Seri Najib Razaks announcement
that the MRT service will be free of
charge for one month beginning
Dec 16. The official revenue service will commence from Jan 16,
2017. An RM3.90 ticket fare per
person will be charged for the full
21km one-way journey, which has
a peak capacity to transport an average of 400,000 commuters daily. Each of the locally assembled
BMW-designed Siemens four-car

Construction sector comparison


COMPANY

Gamuda
IJM Corp Bhd
Malaysian Resources Corp
Muhibbah Engineering
Salcon
Sunway Bhd
WCT Holdings
Average

RECOM.

PRICE
(LOCAL
CURR)

Add
Add
Add
Add
Add
Add
Add

RM4.81
RM3.28
RM1.38
RM2.23
RM0.57
RM2.97
RM1.78

TARGET
MKT
(LOCAL
CAP
CURR) (US$ MIL)

RM5.88
RM3.80
RM1.53
RM2.86
RM0.68
RM3.42
RM2.16

2,602
2,638
660
239
81
1,344
498

CORE P/E
3-YEAR
P/BV
(X)
EPS CAGR
(X)
CY2016 CY2017
(%) CY2016 CY2017

12.0
17.6
28.6
9.9
20.4
12.3
18.3
14.8

11.0
17.4
25.0
9.3
17.4
10.6
16.4
13.9

6.4
-4.8
-11.2
14.8
62.7
-15.0
-22.2
1.8

1.67
1.52
1.60
1.61
0.78
0.97
0.80
1.61

1.64
1.58
1.62
1.52
0.69
0.92
0.79
1.61

RECURRING
ROE (%)
CY2016 CY2017 CY2018

9.6
8.4
5.6
16.3
4.1
7.8
4.5
9.1

10.1
9.0
6.4
16.9
4.2
8.9
4.9
9.7

11.2
9.4
7.7
18.3
4.3
9.0
5.0
10.6

EV/EBITDA
DIVIDEND
(X)
YIELD (%)
CY2016 CY2017 CY2016 CY2017

18.1
15.1
21.4
5.4
2.3
18.2
31.3
15.3

13.9
15.3
19.9
4.8
0.5
15.1
29.3
13.7

2.5
1.8
0.8
3.1
5.3
2.1
3.6
2.1

2.5
1.8
0.8
0.4
6.2
2.1
3.6
2.0

Sources: CIMB Research, company

train sets is able to handle up to


1,200 passengers.
Effective Dec 16, MRT SBK line
phase 1 was officially handed over
to Rapid Rail Sdn Bhd, a subsidiary of Prasarana Malaysia. Rapid
Rail is currently the domestic asset operator of the light rail transit (LRT) system, monorail, and
buses largely in the Klang Valley.
Overseas, it is the operator of the
Mecca Metro Rail. Interestingly,
according to Najib, the final cost

of the MRT SBK line is RM21 billion, which is RM2 billion lower
than the original budget/target of
RM23 billion versus RM32 billion
for the upcoming MRT 2.
Overall, our one-hour two-way
journey was an eye-opener, underscoring the countrys ability to
undertake its maiden MRT project
on a massive scale and the success
of the project development partner
model, which was executed by the
MMC-Gamuda joint venture. The

trip was a pleasant experience and


is likely to be well received once
it is fully operational in July 2017.
The highlight of our trip was when
we passed over the vast Rubber
Research Institute land in Sungai
Buloh, where the massive MRT
depot was located.
We came away from the MRT
ride feeling more positive about
prospects for 2017s rail theme.
MRT 2 will begin works next year,
which should shift job awards to

the RM8 billion Gemas-Johor Baru


double tracking, RM9 billion LRT
3, tenders for the RM55 billion East
Coast Rail Link and progress of the
RM50 billion Kuala Lumpur-Singapore high speed rail (HSR). Among
domestic rail contractors, Gamuda remains the biggest proxy and
our top big-cap pick. Possible early
elections could also catalyse sector news flow in the first half of
2017. Downside risks are job delays.
CIMB Research, Dec 21

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

FR I DAY DEC EM B ER 2 3 , 2 0 16 TH EEDGE FI N AN C I AL DAI LY

Higher oil
prices to benefit
SapuraKencana
SapuraKencana Petroleum Bhd
(Dec 22, RM1.63)
Initiate add call with a lower target price of RM1.87: SapuraKencana Petroleum Bhd is the product
of the merger of SapuraCrest Petroleum Bhd and Kencana Petroleum
Bhd in 2012, which brought together the drilling rig, pipe-laying and
subsea construction businesses
on one side, and yard fabrication
business on the other.
Subsequent to the merger, SapuraKencana expanded its tender
drilling rig business by purchasing
Seadrill Ltds assets in 2013, and
then purchased Newfield Malaysia
Holding Incs oil and gas (O&G)
blocks in 2014. The result is an O&G
giant in the local context, with tentacles across the entire value chain.
SapuraKencanas energy business is currently producing from
legacy oil blocks in Peninsular
Malaysia at a loss, based on spot
oil prices. But when gas from the
SK310 B15 block starts producing
from late financial year 2018 forecast (FY18F), and gas from SK408
begins flowing from late FY19F, we
expect SapuraKencana Energy Inc
to enjoy a major uplift in profits.
Gas from these two blocks are
sweet and relatively inexpensive
to develop, while Petroleum Nasional Bhd is a keen buyer and
willing to sign lucrative gas sales
agreements with the wellhead suppliers, in our view.
SapuraKencana Drilling Asia
Ltd (SKD) has a 50% market share
in the global tender drilling rig
business. Tender rigs offer a niche
drilling solution, unlike the more
popular jack-up rigs. As such, there
are only 30 tender rigs available
for charter globally, and only eight
competitors of SKD.
Speculative new building orders
have been few and fleet growth is

Hai-O MLM division


continues to shine

SapuraKencana Petroleum Bhd


FYE JAN (RM MIL)

Revenue
Operating Ebitda
Net profit
Core EPS (RM)
Core EPS growth (%)
FD Core PER (x)
DPS (RM)
Dividend yield (%)
EV/Ebitda (x)
P/FCFE (x)
Net gearing (%)
P/BV (x)
ROE (%)
% Change in core
EPS estimates
CIMB/consensus EPS (x)

2015A

2016A

2017F

2018F

2019F

9,943
3,056
1,433
0.19
11
8.7
0.044
2.70
7.85
na
13
0.80
10.0

10,184
3,052
(792)
0.20
8
8.0
0.014
0.84
8.02
12.30
134
0.79
9.9

7,701
2,238
814
0.06
(68)
25.1
0.010
0.62
9.85
5.87
106
0.74
3.0

6,762
1,957
188
0.01
(82)
136.9
0.010
0.62
11.27
na
107
0.73
0.5

7,108
2,025
148
0.03
124
61.0
0.010
0.62
10.55
5.63
102
0.72
1.2

(63.8)
3.16

(93.8)
0.65

(87.4)
0.28

Sources: Company data, CIMB forecasts

limited. These dynamics have kept


SKDs earnings before interest,
taxes, depreciation and amortisation margins high at 40% to 50%,
and although we have projected
net losses for SKD in the next few
years, we believe they will be manageable to the group as a whole.
We believe SapuraKencana won
RM3.8 billion in new engineering
and construction (E&C) contracts in
the nine months of 2016, from Feb
1 to Oct 31, slightly more than the
revenue recognised in the period,
keeping its E&C order book from
depleting. In our view, this is no
small feat given the reduced willingness by oil majors to spend and
pricing pressures. Separately, the
Brazil pipe-laying support vessel
joint venture continues to do well,
with an almost 100% technical utilisation and charters paid on time.
SapuraKencana achieved core
net profit in excess of RM1 billion
in the three years to FY16, as a re-

Hai-O Enterprise Bhd


(Dec 22, RM3.94)
Maintain market perform with
a higher target price of RM4.03:
Hai-O Enterprise Bhds first half of
financial year 2017 (1HFY17) net
profit of RM25.7 million (+66.6%
year-on-year [y-o-y]) was above
our expectation by matching 61.9%
of our full-year forecast. Consensus comparison is not available
as the stock is not widely tracked.
The positive deviation can be attributed to the stronger-than-expected performance in the multilevel marketing (MLM) division.
As expected, the group declared
dividend per share of five sen (versus 1HFY16: four sen).
Y-o-y, 1HFY17 revenue surged
38.4% to RM178.4 million mainly driven by impressive growth
in the MLM division (+62.7%)
thanks to the strengthening of
distributor base to about 110,000
(+32.5%) from 83,000 in FY16 and
strong sales of consumer products.
1HFY17 operating profit jumped
62.4% to RM32.8 million again
boosted by the MLM division
(+91%). The division contributed
78% of the 1HFY17 group operating
profit (versus 66% in 1HFY16). As a
result, the 1HFY17 net profit grew
66.6% to RM25.7 million.
Quarter-on-quarter, second
quarter for financial year 2017
(2QFY17) revenue climbed 26.8%
to RM99.8 million, supported by
the MLM division (+37.3%) thanks
to the incentive trip promotion
carried out during the quarter as

sult of the order book accumulated prior to the oil price downturn.
But we expect FY17F net profit to
fall, and medium-term net profit
to remain depressed, as the higher-margin order book is depleted.
Street estimates appear to be too
bullish, in our view.
Given the weak earnings out- Hai-O Enterprise Bhd
look, the stock has already lost
around 70% of its value since peak- FYE APR (RM MIL)
ing in late 2013 and appears to Turnover
have reached a valley in the past Ebit
six months, in our view, suggest- PBT
ing that the bad news is already
Net profit (NP)
in the price.
With planned action by the Opec Earnings revision (%)
and non-Opec nations to curtail oil EPS (sen)
output from Jan 1, 2017, we think EPS growth (%)
sentiment could improve as high- NDPS (sen)
er oil prices benefit SapuraKenca- BV/Share (RM)
na directly via its energy output, PER
and indirectly by way of a possible
P/BV (x)
improvement in drilling and subNet
dividend yield (%)
sea construction asset utilisation.
Source:
Kenanga Research
CIMB Research, Dec 21

Earnings growth
momentum going
forward should be
sustained, supported
by MLM.
well as the successful rebranding
of its beverage product. 2QFY17
operating profit surged 61% mainly driven by the MLM division
(+63.3%) on the back of strong revenue growth. As a result, 2QFY17
net profit surged 63.3% to RM15.9
million.
We were positively surprised
by the sustained growing momentum of the MLM division which
was driven by both expansion in
distributor base and strong productivity on the back of effective
product strategy and rewarding
incentive system. Besides, the increased contribution of the MLM
division has also reduced the risks
of other operating divisions, including the wholesale and retail
divisions, which are exposed to the
currency risk and weak consumer
sentiment, respectively. Earnings
growth momentum going forward
should be sustained, supported
by MLM.
We raise FY17E (estimate) and
FY18E net profits by 12.5% and
11.6%, respectively, after imputing
higher growth assumption for its
distributor base. Kenanga Research, Dec 22

2016A

2017E

2018E

178.4
32.8
32.9
25.7
18.9
66.6
15.0
1.33
14.5
2.05
4.0

387.6
61.3
62.8
46.7
13
24.2
28.1
18.3
1.39
15.6
2.71
4.9

430.9
66.0
67.2
51.1
12
26.5
9.2
19.8
1.46
14.2
2.58
5.3

Mitrajaya awarded contract for superstructure works at Medini, Iskandar


Mitrajaya Holdings Bhd
FYE DEC (RM MIL)

2015

2016E

2017F

2018F

Revenue
Ebitda
Ebit
PBT
Core Patmi
vs Consensus (%)
Core EPS (sen)
PER (x)
Net DPS (sen)
Net DY (%)
BV per share
P/B (x)
ROE (%)
Net gearing (%)

891
148
130
125
87

953
162
143
137
99
26
14.8
8.2
5.3
4.3
0.84
1.4
18.6
16.7

1,029
175
157
150
109
48
16.3
7.5
5.7
4.7
0.95
1.3
18.2
12.0

1,081
188
170
164
119
0
17.8
6.8
6.2
5.1
1.07
1.1
17.7
6.4

Source: HLIB

12.9
9.4
4.8
3.9
0.75
1.6
19.3
24.5

Mitrajaya Holdings Bhd


(Dec 22, RM1.25)
Maintain buy recommendation
with an unchanged target price of
RM1.95: Mitrajaya Holdings Bhd announced that it has been awarded a
RM159.4 million contract for superstructure works for an office tower
development at Medini, Iskandar.
The job was awarded by Medini
Development with a contract duration of two years, to be completed
by January 2019. With this job in
the bag, Mitrajayas year-to-date
job wins currently stands at RM736
million, which has surpassed last
years sum of RM469 million.
We estimate its order book balance to stand at RM1.5 billion now,

translating into a cover ratio of two


times on financial year 2015 construction revenue.
It was recently reported in the
Dec 12 issue of The Edge weekly
that Mitrajaya is in the running for
a RM400 million condominium
job in Ara Damansara. Mitrajaya
is said to have submitted the most
competitive bid for the job. Should
this materialise, the contract would
boost Mitrajayas order book by 27%
to RM1.9 billion.
Last week, Mitrajaya announced
that it will be disposing of six acres
(2.43ha) of its land at Pengerang,
Johor. The disposal is on a compulsory acquisition basis for the development of the Rapid (Refinery and

Petrochemical Integrated Development) project. As compensation, Mitrajaya will receive RM31.4 million.
Based on the lands book value of
RM10.40 per sq ft, the disposal gains
are estimated at RM28.8 million.
The disposal will reduce Mitrajayas
net gearing from 35% to 30%. We
are positive about this disposal as
there is no development plans for
the said land and it highlights the
deep value of Mitrajayas land bank.
Risks, on the other hand, would
include lower-than-expected order
book replenishment, which could
slow down its earnings growth potential that has been robust over
the last three years. Hong Leong
Investment Bank, Dec 22

H O M E 15

FRIDAY DECEMBE R 23 , 20 16 T HEED G E FINA NCIA L DA ILY

Water supply
almost fully
restored except
in two areas
KUALA LUMPUR: Water supply
in almost all the affected areas
following the maintenance work
carried out at the Bukit Badong
main entry substation, Hulu Selangor had been fully restored except at Kampung Rantau Panjang
and Taman Cempaka Sari, Klang,
Selangor as at 7am yesterday.
According to Syarikat Bekalan
Air Selangor Sdn Bhd (Syabas),
all areas in Zone 1 and 2 Kuala Lumpur, Petaling, Gombak,
Kuala Langat, Kuala Selangor,
and Hulu Selangor had been
restored 100% except for Zone
2 Klang which was 96% restored.

Monitoring on
the water supply
system would be
continued to ensure
adequate supply.
All efforts are being concentrated to restore water supply in Kampung Rantau Panjang and Taman Cempaka Sari
in Klang. For these two areas,
full restoration is expected to be
achieved late this (yesterday)
evening, the statement said.
The statement said monitoring on the water supply system
would be continued to ensure
adequate water supply and optimum water pressure at the
main pipes as well as satisfactory water level at the reservoirs.
Consumers can refer to www.
syabas.com.my, the mySyabas
smartphone application, Air Selangor Facebook or air_selangor
Twitter to obtain the latest information on the water supply
restoration status. Bernama

Arrest of IS militants proves intelligence effective


KOTA KINABALU: The arrest of
individuals allegedly involved in
Islamic State (IS) activities, especially in Sabah, is proof of effective
police intelligence, Sabah Police
Commissioner Datuk Abdul Rashid
Harun said.
It also proved that the Royal
Malaysian Police are always concerned about Sabahs security and
the peoples safety and well-being.
The arrest was made possible as
a result of good intelligence, which
I would also call predictive intelli-

gence, he told reporters after visiting the Kota Kinabalu police district headquarters here yesterday.
Also present were Sabah Deputy Police Commissioner Datuk
Razarudin Husain @ Abd Rasid
and Kota Kinabalu Police Chief Assistant Commissioner M Chandra.
On Wednesday, Inspector-General of Police Tan Sri Khalid Abu
Bakar was reported as saying that
seven men, including four foreign
nationals allegedly involved in terrorist activities, were arrested in

several locations in the country


between Nov 3 and Dec 16.
Khalid said one of them, a furniture factory worker, 35, was arrested in Kota Kinabalu on Nov 16
on suspicion of having joined an IS
cell in Sabah.
In another development, Abdul
Rashid confirmed that Abraham @
Ibrahim Hamid, one of the three
men shot dead in a shoot-out with
the law enforcers in the waters off
Semporna on Dec 8, was a former
member of the Abu Sayyaf group.

False identity card


syndicate nailed

THE EDGE FILE PHOTO

NRD detained 10 individuals including two local men


TAWAU: The National Registration
Department (NRD) has detained
10 individuals including two local men believed to be the masterminds of a false identity card
syndicate in a special operation
conducted throughout the district
on Wednesday night.
NRD director general Mohd
Yazid Ramli said the operation
began at about 9.30pm in a hotel
in the town.
A man aged 51, who was detained in a room in the hotel was
believed to have been active as an
agent looking for clients or foreigners who were interested to get false
identity cards for a fee of between
RM3,000 and RM6,000, he said in
a statement here yesterday.
He said intelligence work and
surveillance of the mans activities for two weeks led to his arrest.

A search of the hotel room revealed his activities with the discovery of 26 false identity cards,
which had not yet been handed
over to the clients.
Also seized was cash amounting to RM3,839 believed to have
been the proceeds of his activities,
he added.
Mohd Yazid said at the time of
his arrest, the man was with a Filipina in the room who had a false
identity card on her.
The woman is suspected to be
his assistant in processing the false
identity cards, he added.
Further checks at the hotels
parking area led to the arrest of a
local man who had a parcel on the
top of his car containing American
currency amounting to US$17,100
(RM76,608) as well as RM200 believed to be counterfeit.

A second operation in a village


led to the arrest of four Indonesians
who were believed to have been
using false identity cards.
[The] NRD also arrested three
others, believed to be Indonesians
who had no identification documents and who were handed over to
the police for further action, he said.
The operations ended at about
1.30am without any untoward incident.
Besides 12 NRD personnel, others who participated in the operations were members of the police force as well as the Malaysian
Armed Forces in Tawau.
Mohd Yazid emphasised that the
NRD would continue carrying out
intelligence and surveillance works
to track down the masterminds,
agents and syndicates producing
false identity cards. Bernama

Christmas and New Year countdown at Resorts World Genting


GENTING HIGHLANDS: The air is
thick with festivity at Resorts World
Genting, where the theme this year
is Light Up Your Christmas.
To sprinkle around some Christmas magic, a carolling performance
is being held at the resort daily until
Christmas Day, it said in a statement.
The carolling group is making
their rounds at various locations
from 5.30pm to 10.30pm. On Dec
24, a half-an-hour Christmas countdown will be held at 11.30pm at the
Genting Grand Hotel lobby.
Pockets of Yuletide cheer will be
seen around the resort, notably at
the Rain Forest area of First World
Hotels lobby where a Christmas
cookie house will offer all manner
of Christmas treats from 10.00am to
10.00pm daily.
The Bakery at the Lobby of Genting Grand will also offer Yule treats
from Dec 1 to Jan 1, 2017. Centrepieces such as gingerbread houses
are available.
For a family sit-down treat for

The police commissioner said


that before the Dec 8 incident,
Abraham was also involved in
several cases of kidnapping
for ransom in the east coast of
Sabah.
At 9.51pm on Dec 8, three kidnappers including Abraham, were
shot dead in a shoot-out with the
general operations force in the
waters near Pulau Gaya in Semporna. Two other kidnappers were
arrested, while two others escaped.
Bernama

Carollers lighting up
Resorts World Genting
with Christmas magic.
Photo by Resorts
World

Christmas and New Year, the Coffee Terrace at the lobby of Genting Grand Hotel will be offering a
Christmas eve buffet dinner on Dec
24, and buffet lunch and dinner on
Christmas Day.
The Christmas buffets will feature a parade of cold seafood,
Christmas cold cuts and Christmas mousse, along with Christmas

salad, cream of butternut soup,


roasted turkey breast with Italian
seasoning and grilled vegetables,
tenderloin of beef with oregano
jus, slow-roasted lamb Denver with
steak seasoning accompanied with
pan juice and grilled vegetables,
chicken cottage pie, stewed spring
chicken and a Christmas dessert
counter featuring pudding, cook-

ies, stollen and Yule logs.


The New Years Day buffet spread
will invite diners to indulge in a parade of cured meat, cold seafood gallery, smoked duck with mushroom
ragout, pumpkin salad with toasted
pine nuts and balsamic dressing,
Mediterranean seafood salad, roasted forest mushroom salad and a trio
of mushroom soup.

Najib applies
to intervene in
Zaids lawsuit
against AmBank
KUALA LUMPUR: Prime Minister Datuk Seri Najib Razak has
applied to intervene in a lawsuit
filed by former minister in the
Prime Ministers Department Datuk Zaid Ibrahim against AmBank
Islamic Bhd.
Zaid had filed the ex-parte lawsuit to compel AmBank Islamic to disclose details pertaining
to a RM2.6 billion fund believed
to have been deposited into five
accounts allegedly belonging to
Najib.
The matter was disclosed by
lawyer Nizam Bashir who appeared on behalf of Americk Sidhu, the lead counsel for Zaid, to
reporters after the case came up
for case management before High
Court senior assistant registrar
Engku Nurul Ain Engku Muda
yesterday.
The proceeding, held in chambers, was also attended by lawyers
Nik Alia Nik Hanafi representing
Najib and Grace Yeo for AmBank.
Nizam said the court set Jan 4
for case management to obtain
updates on Najibs application.
According to Nik Alia, the application was filed last Wednesday.
In the originating summons
filed on Oct 21, Zaid, among others, is seeking a court order to allow him, or his lawyer, to obtain
copies of the bank statements of
the five accounts allegedly belonging to Najib. Bernama

16 H O M E

FR I DAY DEC EM B ER 2 3 , 2 0 16 TH EEDGE FI N AN C I AL DAI LY

Hisham: Monitoring of
nations waters not affected
Malaysia has close collaborations with superpowers, Asean neighbours
KUALA LUMPUR: The defence ministry has given an assurance that the
air monitoring operations in local
waters by the Royal Malaysian Air
Force (RMAF) will not be affected
following the suspension of three
Beechcraft B-200T aircraft.
Its Minister Datuk Seri Hishammuddin Hussein said besides these
aircraft, Malaysia also collaborated
with several superpower nations

like the US and China, as well as


the Philippines and Indonesia to
monitor the waters from the air.
On this matter, we have to think
out of the box. With the Beechcraft
B-200T, we cannot challenge the P-8
Poseidon and Lockheed P3 Orion
owned by the US, Indonesia and
China, but through our relations
with the superpower nations, we
will get information relating to the

South China Sea and the security


situation in the Sulu Sea.
We have close collaborations
with the superpowers [and] with
our neighbours in Asean through
the trilateral relations among Malaysia, Indonesia and the Philippines. Just because we have one
less out of the four Beechcraft, it
doesnt mean information will not
be coming to us, he told report-

ers after launching the Malaysian


Institute of Defence and Security
building in the defence ministry
here yesterday.
He said the close ties and mutual
respect between the nations meant
that intelligence information was
being shared.
Following the plane crash at the
Butterworth Air Base on Wednesday, the RMAF had ordered that

three more of its Beechcraft B-200T


based in Subang be grounded.
The tragedy involving the
RMAFs Beechcraft B-200T at the
air base at 5.18pm on Wednesday
killed RMAF pilot, Major C Kayamboo, 44, while three others Captain Wai Lik, 26; Sergeant Mohd
Sofi Azizan, 29; and Lieutenant
Hamid Hanafi, 26 were injured.
Bernama

Kayamboo vowed to serve


country until the end,
says best friend
while RMAF representatives were
making the final arrangements before Kayamboos burial at the Batu
Lanchang Crematorium yesterday
at 3pm.
We have been friends since
young. He told me he did not want
to quit the air force although he was
reaching the retirement age and I
cannot not believe that he is now
gone, he said.
Reminiscing about their childhood, Nathan said that Kayamboo
had always been a plane enthusiast and every time they went to the
bookshop together, he would look

for books related to planes.


Prior to joining the air force,
Kayamboo had applied to join
Malaysia Airlines and Singapore
Airlines but was turned down because his height was short of the
requirement.
When Kayamboo was accepted
into the air force, I went with his
family to send him off and I was
proud of him and will always be,
he said in tears.
Kayamboo leaves behind wife S
Usha and four children: K Indran,
12; K Vashini, 11; K Sanvendran, 7;
and K Maitrashini, 2. Bernama

Hishammuddin (seated left) enquiring after Hamdi (seated right) at the Tuanku
Mizan Armed Forces Hospital, Wangsa Maju, yesterday. Photo by Bernama

Defence minister calls on


aircraft crash victim

SOURCE: NATIONAL WATER SERVICES COMMISSION

GEORGE TOWN: The Royal Malaysian Air Force (RMAF) pilot who
died in a crash near the munitions
terminal of Butterworth Air Base,
Major C Kayamboo, 45, had vowed
to serve the country until the end.
R Nathan, 43, said his best friend,
Kayamboo, had told him that he
was willing to die for the country.
I am proud to be his friend and
I will miss him, he told reporters
when met during Kayamboos funeral arrangements in Sungai Nibong here yesterday.
Nathan was seen to be holding
back his tears outside the house

KUALA LUMPUR: Defence Minister Datuk Seri Hishammuddin


Hussein visited yesterday one of
the Royal Malaysian Air Force
(RMAF) officers injured in an
RMAF aircraft mishap at Butterworth Air Base on Wednesday
evening.
Hishammuddin arrived at
2pm, accompanied by Malaysian
Armed Forces chief General Tan
Sri Raja Mohamed Affandi Raja
Mohamed Noor and RMAF chief
General Datuk Seri Affendi Buang.
He spent about 15 minutes
with Lieutenant Hamdi Hanafi,
26, who was transferred to the
Tuanku Mizan Armed Forces
Hospital, Wangsa Maju, here
after receiving early treatment
at the Seberang Jaya Hospital,

Penang, soon after the incident


on Wednesday.
It is understood that Hamdi,
who is from Beranang, Selangor,
suffered from internal injuries in
the accident involving an RMAF
Beechcraft B-200T aircraft.
Hishammuddin also met
Hamdis family, including his
parents and wife who were in
the treatment ward.
I saw Hamdis spirit was very
strong despite having undergone
such horrendous moments and
it should be emulated by all military personnel, including myself
in shouldering our duties for the
country and race.
It is one of the biggest sacrifices as military personnel, he
said to reporters. Bernama

Pilots father hopes for speedy probe and findings to be made known
BUTTERWORTH: The father of
the pilot of the Royal Malaysian
Air Force (RMAF) aircraft which
crashed at the airbase here on
Wednesday wants an investigation to start immediately.
M Chellam, 72, the father of
pilot Major C Kayamboo, 45, who
died in the crash, hopes the find-

ings of the investigation would


be known as soon as possible
and communicated to the family
members.
This is neccessary to ensure
justice for my eldest son. I am very
sad but accept it as fated. I would
also like to thank the RMAF for
making arrangements for Kayam-

boos cremation, said the restaurant operator when contacted by


Bernama here yesterday.
Chellam said his wife, M Indera Devi, 63, and Kayamboos wife,
S Usha, 42, still could not accept
what happened and regarded it as
a nightmare.
After the crash, I did not tell

his children to spare them the


shock. I only told them before taking Kayamboos remains home
to Taman Seri Nibong in Sungai
Nibong.
Kayamboo leaves behind four
children aged between two and
13 years old.
Chellam, who was asked to iden-

tify the remains at the Seberang


Jaya Hospital, said about 80% of
Kayamboos body was burnt.
Kayamboos remains were
brought home for religious rites
and last respects before being taken to the Batu Lanchang Crematorium for cremation at about 3pm.
Bernama

COMMENT 17

FRIDAY DECEMBE R 23 , 20 16 T HEED G E FINA NCIA L DA ILY

The US is now a country


that can be ignored
It is in a sense no longer a dominant global power
BY LEONID BERSHIDSKY

ne of President Barack Obamas most


important legacies is
a sense that the US is
no longer the dominant global power: It
can be ignored. It is a new reality that
became apparent this year as various
authoritarian regimes and populist
movements have tested it out.
President Vladimir Putins Russia has been at the forefront of the
effort. In the latest development, on
Tuesday, the foreign and defence
ministers of Russia, Iran and Turkey
met in Moscow to discuss a plan
for Syria. The US was not invited.
Instead, the ministers adopted a
statement saying the three countries were willing to serve as the
guarantors of a deal between the
Syrian government and opposition.
Now, three authoritarian regimes one of them, Turkish President Recep Tayyip Erdogans, an
increasingly nominal US ally, and
the other two open US adversaries feel empowered enough to
assume their role in an area where
perhaps the biggest threat to the
West, the Islamic State, operates.
Russia appears to be purposefully
working with the less democratic US
allies. Earlier this month, it broke with
long-standing practice and joined
Opec in a promise of oil-output cuts.
In these talks, Russia had to deal with

Saudi Arabia, helping it secure Irans


consent to a production cap.
Russia has not been averse to talking to the US it has done so repeatedly on Syria but nothing came
of it, in part because the Obama administration was never united on the
very idea of doing deals with Putin.
So the Kremlin is openly building bypass routes to other Middle
East players, whose decision-making processes are more like Moscows than Washingtons.
Another authoritarian country, China, has not just ignored US
demands that it stop reclamation
projects in the disputed Spratly Islands in the South China Sea, it has
apparently militarised the islands. It
has not attacked US ships or planes
in the area yet, but by seizing a US
underwater drone last week, it carefully showed that it might.
The British public, of course, also
ignored US warnings when it voted
for Brexit. And now, the UK government, Washingtons most special
ally in Europe, continues to ignore
US interests by maintaining uncertainty about its future deal with
the European Union (EU). Most of
the remaining EU members are far
less pro-American than the UK, and
American influence in the bloc is on
the wane. Even in Germany, which
owes a historic debt to the US, anti-US sentiment is strong: Obamas
proposed Transatlantic Trade and
Investment Partnership (TTIP) is
massively unpopular here.
The growing tendency to exclude
or ignore the US is a direct result of

A lepic of (from left) Frances President Franois Hollande, Obama and then prime
minister of the UK David Cameron at a leaders meeting in Australia in 2014. The British
public also ignored US warnings when it voted for Brexit. Photo by AFP

Obamas incoherent foreign policy.


It has been billed as a values-based
one, but much of the world does not
share US values, suspects the US of
hypocrisy, or accuses it of arrogance.
This kind of positioning required
consistency and a willingness to
put the US military might behind
the principles the nation purportedly defended. Both were missing.
The US has been by turns shrill
and timid in the Middle East. Syria
has convinced many rulers in the
region that Putin was more invested, and thus a more essential negotiating partner.
Obama tried being both friendly and firm with China. Neither
worked. Chinese leaders viewed the

US pivot to Asia, announced during


Obamas first term, as primarily a
China containment effort. Obamas
second term, with the Trans-Pacific
Partnership trade deal clearly aimed
at curbing Chinas economic might,
did not help matters. China is looking to make bilateral trade deals and
strengthen its defences with little
deference to the US.
In Europe, Obama has remained
well liked throughout his eight-year
run, but, apart from the stillborn TTIP,
his administration has not done anything for American allies on the continent. The US-led failures in Libya
and Syria flooded the EU with refugees, but the US did not offer help.
Obama promised protection to the

Baltic states against potential Russian


aggression they feared, but the size
of the military aid that eventually
arrived left them as fearful as before.
Ukraine, which hoped for US help in
an ongoing armed confrontation with
Russia, also got less than it hoped. No
lethal weapons arrived from the US.
Under Obama, the US managed
to project an image of a country focused entirely on its own interests,
sometimes dressed up as values, but
unwilling to stake much on defending
them. It managed to look passive-aggressive to both allies and foes.
Proponents of a values-based
US foreign policy fear that Donald
Trump will not pursue one, preferring a transactional approach.
Perhaps the US cannot afford to be
more forceful: There is no electoral
support for boots on the ground in
the Middle East, much less for risking clashes with Russia or China.
But that means the US should not
pretend to project liberal democratic principles internationally:
It will just be an empty promise.
Breaking the values mold and
moving to transactional diplomacy
is not an easy path, however. It requires a clear understanding of US
business and military interests in
every part of the world and of what
the US is willing to give up to secure
these interests. A transaction involves
give and take. Trump may be interested in working this way, but he
would need a different foreign policy
community to play the new game:
To the existing one, horse-trading
is a foreign concept. Bloomberg

Woe to those disrupted by Amazon


BY B AR RY RI THOLTZ

WHAT is Amazon.com Inc, exactly?


If you answered an online book
retailer, then you have not been
paying attention for like, oh, the
past decade or so. What seems like
a straightforward question is actually a much more complex and
surprising inquiry than you might
have guessed.
I began thinking about this earlier this year, when we looked at
whether investors should own Amazon stock. (My answer was, it depends upon how much patience
you have.) I have come to think of
Amazon as a variant of Apple Inc
a disruptor of all sorts of businesses, some of which are potentially very lucrative.
What led me to this conclusion
was a recent experience with a simple purchase. It dawned on me,
despite having an Amazon account

for almost 20 years, just how much


the company has insinuated itself
into so many aspects of my retail
life yours too, I would wager.
What made me think about
this was a simple purchase this
past summer. I bought a couple of
TVs from a local retailer, a 50-inch
(127cm) LG for my basement (less
than US$400 [RM1,792]), and a 60inch Samsung (less than US$800)
for the weekend house.
Until recently, I had no idea that
Amazon was part of this process
from beginning to end.
First, I used a mobile app
Amazon Price Check to compare prices. The TVs were less expensive at a local retailer by a few
bucks, which the Amazon app let
me know, so I bought them there.
But the wall mount to hang the 50inch (the 60-inch was going to sit on
a table top) was so much cheaper
at Amazon US$40 versus more
than US$100 that I had to order
it from Amazon. Which leads to the
most interesting part of our story.

The 50-inch sat on the floor


in front of the treadmill for three
months. I was going to hang it
myself, but you know how it goes
with household chores. Once it was
clear to me I was never going to get
around to it, I went back to the local
retailer to inquire about them hanging it for me. The quoted price was
US$399, about the same as the TV
itself; that made no sense.
I did a Google search that I expected would take me to Angies List
or something similar. Instead, I was
shocked to see something called
Amazon Home Services pop up as
an option. The prices were US$69 for
a set that was 50 inches or smaller.
This was not just a little cheaper: It
was less than 20% of the price quoted by the local retailer. I clicked,
scheduled and that Friday a guy
hung the television, giving me new
inspiration to get on the treadmill.
He told me some interesting
things: Depending upon the day, he
does five to 10 installations. He does
contract work for several different

companies. Lastly, he has hung


three sets in houses on the same
block, working for three different
companies and the charges were
US$400, US$200 and US$69. He gets
paid the same amount, and does
the exact same work.
Now consider the potential
threat this poses to Amazons competition. Work like this has to be a
source of revenue and very likely
profit for these other retailers. I have
to think that this kind of market inefficiency eventually will be competed away by Amazon. We have
seen it happen before, remember.
This sent me back to Amazons
website to look at what else it offered
and it is pretty much any local
service you can imagine. It immediately dawned on me that this was
a very clever business for Amazon.
Amazon is not spending much
money on it. The company has no
inventory, no financial outlay
it simply serves as a matchmaker
between the consumer and service
provider. Amazon takes a small per-

centage of each sale for its troubles.


It is yet another way for the online retailer to move from physical
goods into services, while monetising its enormous client base, all
at very little cost.
The more I think about what
Amazon actually is, the closer I
come to this: It is a self-funding
incubator that ruthlessly kills the
ventures that do not work (remember the Fire mobile phone?), while
pouring cash into the ones that hold
promise. It is a marketplace for new
and used products, a place to hire
people for services, a content company, a software maker, a gadget
business, a cloud company and so
on. Oh, and it is an online retailer
that just happens to be the worlds
sixth-biggest company by market
value about US$365 billion.
I still am not sure exactly what
Amazons core business is or what
it will end up being. I just hope it
never sees an opportunity in any
business I have a vested interest
in. Bloomberg

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

FR I DAY DEC EM B ER 2 3 , 2 0 16 TH EEDGE FI N AN C I AL DAI LY

Nokia sues Apple

IN BRIEF
Uber launches rst
electric eet in Madrid

Finnish company files lawsuits against iPhone maker for infringing patents
BY ER I C AU CHA RD
& JU S SI ROSEN DA HL

BELGRADE/HELSINKI: Nokia Corp


said on Wednesday it had filed a
number of lawsuits against Apple Inc
for violating 32 technology patents,
striking back at the iPhone makers legal action targeting the one-time cellphone industry leader a day earlier.
The Finnish companys lawsuits,
filed in courts in Dusseldorf, Mannheim and Munich, Germany, and
the US District Court for the Eastern
District of Texas, cover patents for
displays, user interfaces, software,
antennas, chipsets and video coding.
Since agreeing a licence covering some patents from the Nokia
Technologies portfolio in 2011, Apple has declined subsequent offers
made by Nokia to license other of
its patented inventions which are
used by many of Apples products,
Nokia said in a statement.
Apple on Tuesday had taken legal action against Acacia Research

Nokia headquarters in Espoo, Finland. The legal action by Nokia and Apple appear to
mark a revival of the smartphone patent wars that began ve years ago. Photo by Reuters

Corp and Conversant Intellectual


Property Management Inc, accusing them of colluding with Nokia to
extract and extort exorbitant revenues unfairly from Apple.
Weve always been willing to pay

SK Hynix to invest in
memory chip output
BY SE YOU N G L EE

SEOUL: South Koreas SK Hynix


Inc said yesterday it will invest 3.16
trillion won (RM11.8 billion) in its
home country and China to boost
memory chip production, seeking
to capitalise on an industry-wide
surge in demand.
Most of the investment by the
worlds No 2 memory maker will
go towards building a new plant
to make NAND flash chips used
for long-term data storage.
Booming demand for more firepower on mobile devices and the
adoption of SSD (solid state drive)
storage in personal computers and
data servers has also prompted rivals Samsung Electronics Co Ltd
and Toshiba Corp to boost spending on chip production.

In order to grow further, it is


important to secure production
facilities in advance to deal with
NAND flash market growth to be
led by 3D NAND solutions, SK Hynix said in a statement.
Some 2.2 trillion won will be
spent on the new NAND chip plant
which will be located in South Korea, and another 950 billion won will
be spent to boost DRAM (dynamic
random-access memory) capacity at
its existing facilities at Wuxi, China.
The robust demand for memory
chips has also driven strong gains
in share prices and lifted earnings
for chipmakers. SK Hynix shares
are up about 49% this year, on pace
for their biggest gain since 2009.
In morning trade yesterday, they
climbed 2% to outperform a flat
broader market. Reuters

Nintendos mobile Mario game


sets download record
BY M A K I KO YA MA ZA KI

TOKYO: Nintendo Co Ltds first


Mario smartphone title has set a
download record but gamers have
baulked at the one-time cost of
unlocking content, pushing the
Japanese game makers stock to a
one-month low.
Super Mario Run topped 40
million downloads just four days
after its release last Thursday in
150 countries on Apple Incs App
Store, becoming the fastest game
to reach the milestone in App

Store history, Nintendo said.


But Nintendo shares have lost
13% since the launch as the latest
game to feature the Italian plumber received negative reviews from
users mainly complaining about its
US$9.99 (RM44.75) one-time cost,
rather than the usual model of paying
small amounts for special features.
Mario is arguably the most popular gaming franchise in the world,
yet we see only about 8% of those
who try the game actually purchasing it, said Sensor Tower analyst
Spencer Gabriel. Reuters

a fair price to secure the rights of patents covering technology in our products, said Apple spokesman Josh
Rosenstock. Unfortunately, Nokia
has refused to license their patents
on a fair basis and is now using the

tactics of a patent troll to attempt to


extort money from Apple by applying
a royalty rate to Apples own inventions they had nothing to do with.
Acacia and Conversant did not
immediately respond to requests
for comment, and Nokia was not
immediately available to comment
on the Apple lawsuit.
The legal action by Nokia and
Apple appear to mark a revival of
the smartphone patent wars that
began five years ago, when Apple
filed a series of patent infringement
cases against Samsung Electronics
around the world, with wins and
losses on both sides.
Apples lawsuit against Acacia,
Conversant and Nokia was filed
only one day after Ottawa-based
Conversant named Boris Teksler as
its new chief executive officer. He
had worked as Apples director of
patent licensing and strategy from
2009 to 2013, the latter half of his
tenure overlapping with the lawsuits against Samsung. Reuters

Mobius on how to play


emerging markets in 2017
BY LE S LI E S HAFFE R

Select commodity shares were


also attractively valued, despite the
recent rally in oil prices, they added.
The two also said they liked
Asias small-capitalisation stocks
for exposure to regional economic
growth. Their valuations typically reflect the stronger growth expected from the smaller equities,
but given there are thousands of
small-cap stocks in Asia, the opportunities to discover mispriced
securities are often plentiful.
But Dover and Mobius were concerned
about some sectors
on the mainland.
We remain cautious
of Chinas banks as
non-performing loan
recognition dampens
our outlook for the
countrys financial
firms, they said. Like banks, Chinas real estate sector has staged a
striking turnaround from a lengthy
downturn, but we have remained
on the sidelines, in part due to risks
of overleverage and regulation.
But while the pair pointed to better valuations in emerging markets,
with the MSCI Emerging Markets
Index trading at a significant discount to the MSCI World Index on
a price-earnings basis, they noted
that risks to the segment were rising. For one, there are concerns
about the Fed increasing interest
rates, they noted. Dover and Mobius
also pointed to other risks, including geopolitical troubles globally,
currency fluctuations from Brexit, commodity prices and recent
political events in the US. CNBC

NEW YORK: Risks may be rising


across emerging markets, but
there are still pockets of opportunity, said Templeton Emerging
Markets Group executive chairman Mark Mobius in a blog post.
Emerging markets have been
hit by hefty outflows as the US
dollar surged in the wake of Donald Trumps surprise election win
and the US Federal Reserves (Fed)
move to hike interest
rates for only the second time in a decade.
But in the blog
post, co-written by
Stephen Dover, chief
investment officer at
Templeton Emerging
Markets Group and
Franklin Local Asset
Management, Mobius pointed
to sectors that may benefit from
faster economic growth in emerging markets. Companies in the
consumer related and information technology (IT) sectors are
particularly attractive, Mobius
and Dover said in the post issued
on Tuesday.
They added that some consumer sector stocks offer effective exposure not just to emerging-market economic growth, but
also to the burgeoning consumer
classs spending growth.
Additionally, the two were
positive on emerging market IT
plays. Although we are cautious
about the recent rapid share price
advances in many of the China-based Internet stocks, we see
value in the sector across emerging markets as a whole, they said. For more, visit www.cnbc.com

MADRID: Ride-hailing service


Uber Technologies launched in
Madrid yesterday its first fleet
of electric cars. The company hopes the introduction of
cleaner cars will help improve
its image in a city governed
by left-wing, environmentally conscious mayor Manuela
Carmena, said Carles Lloret,
managing director of Uber for
southern Europe. Madrids city
administration in November
unveiled new measures at combating pollution, from limiting private traffic in the centre to tightening speed limits
on access roads. We want to
do things that are in line with
what the town hall wants, Lloret said. Reuters

Honda, Waymo in talks


over self-driving tech
SAN FRANCISCO/TOKYO:
Honda Motor Co Ltd said on
Wednesday it is in talks to supply vehicles for Alphabet Incs
Waymo to test self-driving technology, in the latest instance of
a carmaker teaming up with a
tech firm to supplement its own
automation efforts. The talks,
which come just one week after
Waymo became an independent company, could see Honda
become the tech firms second
partner after Fiat Chrysler Automobiles NV agreed in May
to add the technology to its
minivans. Honda said it was
interested in the approach of
Googles self-driving car project
now Waymo to develop
fully autonomous, driverless
cars. Reuters

Ford expands Australian


R&D budget
SYDNEY: Ford Motor Co said
yesterday it will boost spending
on design capability in Australia by A$150 million (RM485.85
million) in 2017 at a plant in the
Melbourne suburb of Broadmeadows where the company
shuttered production in October. The company will now
spend a total of A$500 million
on Australian research and development (R&D) over three
years, it said in a statement.
It will spend A$450 million in
2017, an increase of A$150 million compared with last year,
and A$50 million over three
years to upgrade design and
testing facilities. Reuters

Hyundais top US executive


quits in latest shake-up
WASHINGTON/SEOUL: Hyundai Motor Cos top US executive
Dave Zuchowski has resigned
effective immediately, in the
latest shake-up of the South
Korean automakers management ranks as it tracks towards
its fourth consecutive year of
profit declines. The abrupt
resignation comes after the
replacement of Hyundai Motors sales chief in South Korea
and its China head over the
past three months, and as the
firm looks likely to miss global sales targets for the second
year running. Reuters

W O R L D B U S I N E S S 19

FRIDAY DECEMBE R 23 , 20 16 T HEED G E FINA NCIA L DA ILY

Trump team floats


tariffs on foreign imports
Move is causing alarm among business interests, pro-trade Republicans
BY J O H N K I NG

WASHINGTON: The Trump transition team is floating the possibility of an early executive action to impose tariffs on foreign
imports, according to multiple
sources.
Such a move would deliver on
President-elect Donald Trumps
America First campaign theme.
But its causing alarm among
business interests and the protrade Republican establishment.
The Trump transition team
didnt immediately respond to
a request for comment on the
prospect of new tariffs. But a transition official said the team has
discussed implementing a border
adjustment tax measure under
consideration by House Ways
and Means Committee chairman
Kevin Brady, which would tax imports to spur US manufacturing.
Curbing free trade was a central element of Trumps campaign.

He promised to rip up the North


American Free Trade Agreement
(Nafta) with Mexico and Canada.
He also vowed to take a tougher
line against other international
trading partners, almost always
speaking harshly of China but
often including traditional US
allies such as Japan in his complaint that American workers get
the short end of the stick under
current trade practices.
It is an area where there is a
huge gulf between Trumps stated
positions and traditional Grand
Old Party (GOP) orthodoxy. Business groups and the GOP establishment figures including
House Speaker Paul Ryan and
Senate Majority Leader Mitch
McConnell have been hoping
the transition from the campaign
to governing would bring a different approach.
The pro-business GOP establishment says the new Trump administration could make clear it

would withdraw from Nafta unless Canada and Mexico entered


new talks to modernise the agreement to reflect todays economy.
That would allow Trump to say
he kept a promise to make the
agreement fairer to American
workers without starting a trade
war and exacerbating tensions
with the US neighbours and vital
economic partners.
But there remain establishment jitters that Trump, who
views his tough trade message
as critical to his election victory,
will look for ways to make an early
statement that he is serious about
reshaping the trade playing field.
Two sources who represent business interests in Washington tell
CNN that the man in line to be
White House chief of staff, Reince
Preibus, has told key Washington
players that one idea being debated
internally is a 5% tariff on imports.
These sources, who spoke on
condition of anonymity because

the conversations with the Trump


team were arranged as confidential, said the reaction was one of
fierce opposition. Priebus, the
sources said, was warned such a
move could start trade wars, anger allies and also hurt the new
administrations effort to boost
the rate of economic growth right
out of the gate.
One of the sources said he
viewed the idea as a trial balloon
when first raised and considered
it dead on arrival given the strong
reaction in the business community and the known opposition
to such protectionist ideas among
the GOP congressional leadership.
But this source voiced new
alarm on Tuesday after being
told by allies within the Trump
transition that defending new
tariffs was part of the confirmation murder board practice of
Wilbur Ross, the President-elects
choice for commerce secretary.
CNN

Japan plans record spending for next fiscal year


BY T ET S U S HI K A JI MOTO

TOKYO: Japans cabinet approved


yesterday a record 97.5 trillion
(RM3.71 trillion) spending budget for
fiscal 2017 that counts on low interest rates and a weak yen to limit borrowing, underscoring the challenge
Tokyo faces in curbing the industrial
worlds heaviest debt burden.
The 97.5 trillion general-account budget for the fiscal year

starting on April 1 marks an increase of 733 billion from this


years initial plan due to a rising
social security bill to fund the cost
of services for a fast-ageing society.
The budgeted plan highlights a
struggle Prime Minister Shinzo Abe
faces in curbing spending, which is
key to his ambitious aim of achieving a primary budget surplus
excluding debt servicing and new
bond sales by the fiscal 2020.

This budget does not mark a


shift away from reflationary policies. Chances are high for Abe to
compile additional stimulus budgets later next year, Toru Suehiro,
senior market economist at Mizuho
Securities, said.
Incoming US President-elect
Donald Trumps reflationary policies should encourage Abe to follow suit, and calls for more fiscal
stimulus will increase given the

possibility that the premier may


call a snap general election next
year, Suehiro added.
Already, Koichi Hamada, a key
advisor to the premier, has called for
more government spending to maximise the impact of monetary policy.
Finance Minister Taro Aso
stressed that Abe will stick with
reflationary policies with monetary
easing and flexible fiscal spending. Reuters

5.98

128.98

BoK says 2017


growth may
cool, suggests
more stimulus
needed
BY C H R IS T IN E K IM

SEOUL: South Koreas central


bank said yesterday the economy risks slowing down in 2017
and suggested the government
needs to step up fiscal stimulus
to rev up growth, with governor
Lee Ju-yeol signalling there was
more room to cut rates if needed.
In a statement prepared for
a parliament session, the Bank
of Korea (BoK) said there is a
chance growth next year may
slow below an expected 2.8%
for this year.
In embargoed remarks to
journalists on Wednesday, BoK
chief Lee said downside risks
would offset the positive impulse,
and pointed to the governments
planned spending for next year
as being low in comparison to
projected state income.
I believe it is difficult to say
next years fiscal policy is accommodative, said Lee.
Many institutions say now
is the time for fiscal policy to
do more. And I agree.
Lee also said the corporate
restructuring this year in the
shipping and shipbuilding industries had not been carried
out smoothly.
Commenting on the sluggish
economy, the central bank said
in a statement to parliament that
it planned to keep its own policy
accommodative, and Lee indicated the BoK had more room
to offer stimulus if needed.
The central bank said it expects capital outflows to pick up
as interest rates rise in the US.
The central bank held interest rates steady at 1.25% for
a sixth straight month in December, citing heightened domestic and global uncertainty,
including from the incoming
US administration of Donald
Trump. Reuters

20 WORLD

FR I DAY DEC EM B ER 2 3 , 2 0 16 TH EEDGE FI N AN C I AL DAI LY

S Korea ferry tragedy probed


Impeachment hearing opens with clarification of Parks whereabouts sought
SEOUL: South Koreas scandal-hit
president was asked to clarify the
mystery surrounding her whereabouts at the time of a disastrous
2014 ferry sinking yesterday as the
Constitutional Court opened her
impeachment hearing.
Parliament voted to impeach
Park Geun-Hye earlier this month
over a corruption scandal in which
she allegedly colluded with a friend
to strong-arm donations from large
conglomerates to two dubious
foundations.

Berlin suspect
Anis Amri
aged 24

1.78 m, 75 kg
Tunisian
Islamist
Salafist

Before 2015
illegally in Italy for 3 years
July 2015
arrived in Germany
June 2016
Application for asylum refused
Not expelled, no passport
November 2016
investigated by German
anti-terrorism police
Used 6 aliases
Described as dangerous
and could be armed
A 100,000 euros reward for
information leading to his arrest

Manhunt for
Berlin suspect
intensies as
anger grows
BY D EB ORA H COL E &
M I C H EL L E FI T ZPAT RI CK

BERLIN: German authorities


were under fire yesterday after it emerged that the prime
suspect in Berlins deadly truck
attack, a rejected Tunisian asylum seeker, was known as a potentially dangerous terrorist.
German prosecutors have
issued a Europe-wide wanted
notice for 24-year-old Anis
Amri, offering a 100,000
(RM467,359) reward for information leading to his arrest
and warning he could be violent and armed.
Asylum office papers believed to belong to Amri, alleged to have links to the radical Islamist scene, were found
in the cab of the 40-tonne lorry
that rammed through a crowded Christmas market in Berlin
on Monday, killing 11.
The 12th victim, the hijacked trucks Polish driver,
was found shot in the cab.
AFP

She is also accused of ordering


aides to leak state documents to Choi
Soon-Sil, who has no official title or
security clearance, and allowing her
to meddle in state affairs including
the appointment of top officials.
The case is now being considered by the Constitutional Court
which has 180 days to rule on the
validity of the impeachment.
Justice Lee Jin-Sung rejected an
apparent attempt by Parks lawyers
to stall the hearing, instead launching into questions over where she

was in the aftermath of the Sewol


ferry disaster that left more than
300 people dead.
Im sure the president herself
will know best what she did on the
day of the Sewol ferry disaster, Lee
said. We request that she provide
all details.
Parks response to the tragedy
was one of the issues cited when
parliament voted for her impeachment and Park faces growing pressure to explain what she was doing
on the day.

Questions have been raised


over Parks activities during a seven-hour period after she was initially informed of the sinking and
before her first appearance at an
official meeting to discuss the governments response.
Unconfirmed media reports
have suggested a wide range of
theories about Parks whereabouts,
including a romantic liaison, participation in a shamanistic ritual,
cosmetic surgery or, most recently,
a 90-minute haircut. AFP

Japan cabinet approves biggest


annual defence budget
TOKYO: Prime Minister Shinzo
Abes cabinet yesterday approved
Japans biggest annual defence
budget in the face of North Koreas
nuclear and missile threats and a
territorial row with China.
The cabinet approved 5.13 trillion (RM195.21 billion) in defence
spending for the fiscal year starting
in April, up 1.4% from the initial
budget for the current fiscal year.
It marks the fifth straight annual increase and reflects the
hawkish Abes attempt to build
up Japans military, which since
World War II has been constitu-

tionally limited to self defence.


Abe, who is pushing revisions of
the constitution, strongly backed
new security laws that took effect
this year making it possible for
Japanese troops to fight abroad
for the first time since the end of
the war.
Japan is on constant alert
against neighbouring North Korea which has conducted two underground nuclear tests and more
than 20 missile launches this year.
Under the new budget, the ministry aims to beef up Japans ballistic missile defences, allocating

funds for a new interceptor missile


under joint development with the
US. Also reflected in the spending
is Tokyos determination to defend
uninhabited islets in the East China Sea administered by Japan
as the Senkakus, but claimed by
China as the Diaoyus.
The ministry said it has allocated funds for increased monitoring operations, and to maintain mastery of the air and sea
to counter-attack against what it
euphemistically described as island areas a reference to the
disputed territory. AFP

Its official: Clinton swamps Trump in popular vote


REUTERS

BY GR EGORY KRIEG

NEW YORK: More Americans voted for Hillary Clinton (pic) than any
other losing presidential candidate
in US history.
The Democrat outpaced President-elect Donald Trump by almost
2.9 million votes, with 65,844,954
(48.2%) to his 62,979,879 (46.1%),
according to revised and certified
final election results from all 50 states
and the District of Columbia.
Clintons 2.1% margin ranks third
among defeated candidates, according to statistics from US Elections
Atlas. Andrew Jackson won by more
than 10% in 1824 but was denied
the presidency, which went to John
Quincy Adams. In 1876, Samuel Tilden received 3% more votes than
Rutherford B Hayes, who eventually
triumphed by one electoral vote.
Though the legitimacy of his victory has never come into serious
doubt, Trump has repeatedly argued,
usually via Twitter, that he would
have won the popular vote, too, if
that had been his focus.
I would have done even better
in the election, if that is possible, if
the winner was based on popular
vote but would campaign differently, he tweeted as recently as on
Wednesday morning, more than six
weeks after the election. In late No-

vember, Trump also falsely claimed


that millions of Clinton voters had
cast ballots illegally.
Meanwhile, high-profile Clinton
supporters have held up the dissonant results as an argument for
fundamentally changing the system.
A week after the election, retiring
Senator Barbara Boxer, a California
Democrat and vocal Clinton backer, introduced a bill to abolish the
Electoral College.
This is the only office in the land
where you can get more votes and
still lose the presidency, Boxer said
in a statement. The Electoral College is an outdated, undemocratic
system that does not reflect our modern society, and it needs to change
immediately.

Two days later, New York Congressman Charlie Rangel put forth
companion legislation in the House
of Representatives.
In the final count, Clinton surpassed President Barack Obamas
2012 total by 389,944 votes, but narrow losses in key battleground states
meant Obama won 100 more electoral votes on Election Day.
Trumps victories in swing states
like Wisconsin, Michigan, Ohio,
Pennsylvania and Florida all carried by Obama four years ago gave
him a comfortable edge in the Electoral College. Still, Trumps claims
of a massive landslide victory are
belied by past statistics, which place
his win among the narrowest.
If all the electors had voted in
accordance with their states results
during meetings on Monday, Trump
would have garnered 56.9% or
306 of the 538 available electoral
votes. Two defections lowered his final share to 56.5%. Clinton won 232
electoral votes on Nov 8, but faithless electors also brought down
her total.
The 2016 electoral votes will be
counted on Jan 6 by a Joint Session
of Congress, with Vice-President
Joe Biden presiding over the largely symbolic meeting. Trump will be
inaugurated on Jan 20 in Washington. CNN

IN BRIEF
China foreign minister
says US ties face new
uncertainties
BEIJING: China-US relations
face new uncertainties but with
mutual respect for core interests,
they will remain stable, Chinas
foreign minister said, adding
that one individual will not impede ties, a likely reference to US
President-elect Donald Trump.
President Xi Jinping spoke with
Trump soon after he won last
months election, but Beijing has
been unsettled by Trumps subsequent call with Taiwan President Tsai Ing-wen, suggestions
Trump may change US policy
towards self-ruled Taiwan, and
Trumps threats to impose tariffs on Chinese imports. In an
interview with the ruling Communist Partys official Peoples
Daily carried yesterday, Chinese
Foreign Minister Wang Yi said
the Xi-Trump call was a positive
sign for a smooth transition in
Sino-US ties. Of course, going
forward, China-US relations
will face new complexities and
uncertain factors, Wang said.
Reuters

Philippine rights
body to probe Duterte
killing boast
MANILA: The Philippine independent human rights watchdog said yesterday it will investigate President Rodrigo Dutertes
admission he killed three criminals years ago, after the United
Nations rights chief called for a
murder probe. Duterte, who is
waging an anti-drug war that
has left thousands dead, said
last week that he helped police
kill three suspected kidnappers
early in the first of his several
terms as mayor of the southern
city of Davao. AFP

Indonesia beefs up
security after foiled
Christmas plot
JAKARTA: Indonesian police
yesterday announced plans to
deploy some 155,000 personnel
to secure the country during
Christmas and New Year holidays, a day after police foiled
plans for militant attacks. Police
on Wednesday foiled plans by
an Islamic State-linked group
for a Christmas-time suicide
bombing after they discovered
a cache of bombs in a house on
the outskirts of Jakarta, killing
three suspected militants in the
process. AFP

Cause of Mexico reworks


blasts still unknown
TULTEPEC (Mexico): Forensic investigators scoured the
charred remains of a fireworks
market outside Mexico City on
Wednesday for clues to what
caused a series of massive blasts
that killed at least 33 people,
the third fiery accident there
in 11 years. Alejandro Gomez,
the state attorney general, told
Mexican television it was unclear what caused the explosions, adding that he could not
corroborate accounts pointing
to a detonation at one stall that
may have begun a chain reaction. Reuters

F E AT U R E 2 1

FRIDAY DECEMBE R 23 , 20 16 T HEED G E FINA NCIA L DA ILY

Top 2017 picks for Asias


emerging markets
Bonds, currencies, stocks in India, Indonesia are popular among investors, strategists
BY Y U M I T E SO & Y- SI NG L I AU

o n d s, c u r re n c i e s
and stocks in Asian
emerging markets
that are less dependent on external demand, such as India
and Indonesia, are the most popular picks for investors and strategists next year. South Korea is seen
as a market to avoid on concern
US President-elect Donald Trump
will harm global trade after he
takes office next month.

cause of the countrys higher


yields and support from commodity-producing economy, Singapore-based head of currency
and rate strategy for Asia Mirza
Baig said at a briefing in Singapore
earlier this month. Eastspring
Investments said in a statement
earlier this month that it also sees
opportunities to invest in the rupiah and Indias rupee.
Morgan Stanley and Societe
Generale SA said they are bearish on the won going into 2017.
Currencies sensitive to Trumps
policies amid weakening risk
sentiment are expected to underperform, SocGen said in its
emerging-market outlook 2017
note earlier this month.
Credit Agricole CIB said it expects further depreciation in the
yuan due to Chinas significant
balance-of-payments deficit, in
a note dated Dec 14. The lender forecasts the currency to end
2017 at 7.25 per dollar, more than
4% weaker than the current level.

Currencies
Mizuho Bank Ltds Tokyo-based
emerging-markets trader
Masakatsu Fukaya likes Indias
rupee and Indonesias rupiah.
The best pick is India because
of its good fundamentals, room
for further rate cuts and higher
yields, all of which are making
good conditions to attract fund inflows, he said. He is most bearish
on Chinas yuan and then South
Koreas won.
BNP Paribas SA recommends Bonds
buying Indonesias rupiah be- HSBC Global Asset Management

Global funds pumped US$7.64


billion (RM34.23 billion) into Indonesian sovereign debt this year,
while selling a net US$6.84 billion
of Indian securities, according
to data compiled by Bloomberg.

favours Indonesias local-currency sovereign bonds as they offer


good value after the recent selloff, Binqi Liu, a money manager
in London, said in an email. In
an environment where there is
lack of global demand, much uncertainty about the global trade
dynamic and risk of slower Chinese growth, Indonesia is better
positioned than its peers in Asia
Liu said.
Western Asset Management Co

favours the local bonds of India


and Indonesia, while Indonesia is
included in Morgan Stanleys sovereign credit trade recommendation for 2017. Pioneer Investment
Management is keeping overweight positions in India and Indonesian notes due to the two nations reform processes, improving
growth and relatively high yields,
Hakan Aksoy, London-based fund
manager for emerging markets,
said in an email.

Stocks
IG Asia favours Indonesian, Indian and Philippine equities. Amid
subdued growth and an uncertain
trade situation going into 2017,
economies with strong domestic
fundamentals appear to be most
promising, said Jingyi Pan, a market strategist in Singapore. Any
dips close to 5,000 level would
make for good entry to the Jakarta Composite Index, she said.
CLSA Ltd and BNP Paribas also
like Indian shares for 2017.
South Korea is among the markets IG Asia is bearish on due
to slower growth and trade, and
political uncertainties, Pan said.
Credit Suisse Group AG is positive on China, Korea and Indonesia on improving macroeconomic
environments, balance sheets,
valuations and underexposure of
global funds. Bloomberg

Big banks are stocking up on blockchain patents


BY O LG A K HA RI F

IN the headlong rush to revolutionise modern finance, blockchain


enthusiasts are overlooking one
potentially costly problem: their
applications, built on open-source
code, may actually belong to someone else.
Recently, some of the biggest
names in business, from Goldman Sachs to Bank of America and
Mastercard, have quietly patented
some of the most promising blockchain technologies for themselves.
Through mid-November, the number of patents that companies have
obtained or said they have applied
for has roughly doubled since the
start of the year, according to law
firm Reed Smith.
As blockchain essentially a
shared, cryptographically secure
ledger of transactions evolves
beyond its techno-utopian roots
and start-ups like Chain and Hyperledger open their source code
to the public, the risk is growing
that patents will turn into powerful
weapons in protracted lawsuits over
intellectual property, especially in
the hands of trolls trying to cash
in on the technologys skyrocketing rise. Increasingly, experts warn
established firms will use them to
assert exclusive rights over the work
of blockchains pioneers.
Open-source code that

doesnt necessarily restrict the


ability to patent the underlying
innovation, said Patrick Murck, a
long-time blockchain legal expert
who joined Cooley LLP last month.
Anybody whos investing in the
ecosystem, anybody whos interested in the technology should be
worried about this.
Goldman spokesman Tiffany
Galvin declined to comment, while
Bank of America did not respond
to requests for comment.
Mastercards Justin Pinkham
says, that like many other companies, it is simply filing patents to
defend its blockchain inventions
as it always does, in all areas of
its work. The company has filed for
more than 30 patents related to the
blockchain and cryptocurrencies,
he said.
Because open-source code is
freely available to the public, legal disputes have cropped up over
who actually owns the rights to the
innovations built using that code.
Patent wars over Linux a popular, open-source software used in
phones, computers and servers
have raged for more than a decade.
In the fledgling blockchain industry, the stakes are rising fast.
Originally developed to record Bitcoin transactions, the distributed
ledger has attracted big-name backers like Blythe Masters a former
JPMorgan banker who has become

one of its most vocal proponents


because of its potential to reshape
how financial services, supply chain
and healthcare industries are run.
In finance alone, blockchains
adoption could create a multibillion-dollar market in the coming
decade, from just tens of millions
today, according to Gil Luria, an
analyst at Wedbush Securities.
That has prompted firms to patent their most lucrative innovations.
Companies worldwide applied for
or received patents for 356 families
of blockchain- or cryptocurrency-related patents in November,
up from 180 in January, according
to Marc Kaufman, who specialises
in fintech intellectual property at
Reed Smith, and Questel, a database provider. While the figure does
not compare to other, more developed industries, Kaufman expects
the number to balloon.
We are seeing an increase in
filings thats exponential, he said.
I predict that well see in five years
thousands of patents. Its an emerging risk, no doubt about it.
Until now, many blockchain
start-ups have downplayed the importance of patents and pinned
their hopes on wider adoption
through open source. Hyperledger, a venture led by companies including IBM, Accenture and Intel,
makes its code free for others to use
and enhance. Chain, which lets

companies use the blockchain to


issue and transfer assets, released
its code in late October. Even R3
a consortium of some of the largest
banks made its Corda blockchain
available last month.
As such projects have multiplied,
some blockchain supporters have
suggested open source makes patents irrelevant. It does not, according to Vitalik Buterin, co-creator of
the popular Ethereum blockchain.
Companies could find themselves being sued by one-time collaborators. Large firms could wield
patents to muscle into promising
businesses developed by todays
start-ups. Patents could also be
used to shut down rivals.
Not long ago, BitX, a well-known
cryptocurrency exchange in Africa and Southeast Asia, released its
code for switching between fiat currencies and Bitcoin. Soon after, the
start-up noticed Bank of America
filed a patent for a similar technology, said Marcus Swanepoel, BitXs
chief executive officer (CEO).
That put BitX in a bind. If the
patent is granted, the bank could
theoretically go after BitX or some
of its users, or try to charge royalties.
BitXs lawyers concluded the patent would be hard to enforce and
the company ultimately decided
against going to court.
The success of those protocols
depends on broad-market adop-

tion, Swanepoel said.


In another worrisome sign,
Goldman recently quit R3, people familiar with the consortium
said last month, and others may
soon follow.
To forestall potential disputes,
some firms like Blockstream have
made patent pledges, promising
its own patents will be available
to others for free.
Others are working to set up a
patent pool, where members can
cross-license each others patents.
Cooleys Murck points to Open Invention Network (OIN) as a model. Launched in 2005, OIN was
set up to cross-license and buy
up Linux-related patents. OIN is
now considering buying up blockchain-related patents as well, according to CEO Keith Bergelt.
We are creating a patent non-aggression environment, he said.
Nevertheless, good intentions
may mean very little when push
comes to shove.
I would take people at face value, that theyd take patents without
intending to assert them, Reed
Smiths Kaufman said. But, if you
are part of a public company and
companies infringe your patents,
you may have an obligation. There
have been many, many patent cases based on patents that were initially considered defence patents.
Bloomberg

22

live it!

FR I DAY DEC EM B ER 2 3 , 2 0 16 TH EEDGE FI N AN C I AL DAI LY

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

Personal
ASSISTANT

BRILLIANTLY

CO M PI L ED BY H A NN A H M ERICAN

EVIL

WORK. LIFE. BALANCE

CELEBRATE Christmas Eve with a cup of eggnog at AD Bar. Patrons will get the chance to
enjoy a cup of complimentary eggnog and
candy cane tomorrow as well as 10% o the
bill all night long. Guest DJ Polar Seas will
be at the bar playing a selection of Christmas
tunes and indie beats for you to get into the
festive mood. DJ Polar Seas will be on from
10pm onwards. AD Bar is located at Jalan
Telawi 3, Bangsar Baru, Kuala Lumpur. Call
(03) 2201 7979 to make a reservation.

CHECK OUT Strongbow Apple Ciders new


avour which is available from this month
onwards. The Dark Fruit avour is a refreshing apple cider in a transparent burgundy
colour and contains delicious fruity notes
such as blackcurrant. The launch of the new
cider is a treat for Malaysian fans as it is the
rst of its kind in Asia. Strongbow Apple Cider
Dark Fruit contains 4.5% alcohol by volume
and is available until May 2017.

SAVOUR the delectable spread on Grazes


Festive Set menu this weekend. Diners may
choose a two-, three- or four-course menu
featuring a starter, soup of the day, main and
dessert. For the main you will have a choice of
steamed salmon, carrot & ginger pure, snow
peas, beurre blanc or braised turkey roulade,
chestnut & sage stung, saut Brussels sprout,
cranberry jus or creamy mushroom fettuccini,
63C egg, true infused sea salt & true oil.
Dessert is a choice between traditional Christmas pudding with vanilla brandy butter and
chocolate Christmas dome with mango and
salty caramel crmeux. The set menus are
priced at RM108, RM148 and RM168 respectively. Graze is located at Level 5, Hilton KL, 3
Jalan Stesen Sentral, Kuala Lumpur. Make a
reservation by visiting www.life.hiltonkl.com/
Restaurants/Graze/.

Bloodshed and
unblinking villainy in
award-winning director
Deric Gans latest
production
BY MAE C HAN

ounding up a full year of


William Shakespeare productions in local theatre in
conjunction with the 400th
anniversary of his death is
Muka Space Productions
staging of Richard III.
The Mandarin-language production
with English surtitles is helmed by Dr
Deric Gan, who makes a rare return from
Beijing, China, where he is as a director
and playwright. His last production in
Kuala Lumpur was in 2015 The Dawns
Here Are Quiet, which swept nine awards
at the BOH Cameronian Arts Awards this
year, including Best Director.
During our meeting at the Kuala Lumpur Performing Arts Centre (klpac), Gan
comes across as unexpectedly youthful and
rather boyish not quite what one would
expect as the first Malaysian to have been
awarded a PhD in theatre and Chinese traditional Opera by the Central Academy of
Drama in Beijing. Its alumni include actors
such as Gong Li, Zhang Ziyi, Sun Honglei,
and Tang Wei, who was a classmate of his.
During our conversation on how he
came to select Richard III to stage, the
38-year old reveal glimpses of his distinctive methods that has seen Malaysian
actors vie for a chance to work with him.
I havent decided who will play
which characters yet, well see how
they perform, said Gan some two weeks
before the opening.

Equally as exacting on himself, the director confesses that while he is an avid fan
of Shakespeare, he did not take on any of
the bards works until 2014, where he was
the first director to stage Titus Andronicus
in China. I had a goal to finish reading all
38 works before I would direct any of his
plays. It took quite a while, but I collected
materials like recordings, scripts, films and
such. I wanted to make sure I felt connected
to his writings and found a play of his that
I was really interested in, explains Gan.
On the ten history plays that Shakespeare wrote, Gan laughingly recalls avoiding them for a long time, citing the homework needed to be done to delve into them
contextually. When he finally arranged the
plays according to historical timelines and
read through each one, Richard III jumped
out at him for its sheer villainy.
Its so rare when a playwright writes a
story for a villain, and does it so well, he
observes, As a villain, Richard III is layered, complicated and a rich character.
He has his reasons, and the scariness of
his scheming and how he always chooses
the evil route is really something.
Gans version under his Malaysian production company Muka Space which
he set up with his brother Easee Gan is
a technically original script assembled
from several already existing versions,
where he adopted versions of different
parts that he liked. Local audiences can
rest assured that the tone of language is
more natural and contemporary. The director reveals that he sacrificed the rhythmic delivery and iambic pentameters
signature of Shakespeares text.
The Mandarin accent and language
standard here in Malaysia is not quite
good enough for that style. Each time I
stage a production here, I spend at least a
week working on speech with my actors,
says Gan. For Richard III, he is working
with an established cast of actors that
include Season Chee, Ruby Yap, Rosa
Chong, Grace Looi, Evan Siau.

Interestingly, the stage set will be made


up of tyres, also designed by the director.
Tyres give off an idea of moving forward,
denoting our human drive for a better
life. Richard III was driven by that his
ambition and greed. Except he eventually spins out of control, like a tyre that
exhausts itself and crashes.
The play also marks an opportunity
to catch Gans unique vision for Shakespeare in Mandarin. Having dabbled in
secondary school theatre performances
in his hometown of Melaka, Gans first
professional work was the first staging of
Siddharta The Musical by Ho Lin Huay.
After graduating with a bachelors degree
and a short stint working as a nutritionist, Gan felt he needed to hone his craft
in order to go far as a theatre practitioner.
Spending seven years in Beijing pursuing a masters in directing, followed by
his doctorate, the director then worked
with the National Theatre of China for a
period. Today Gan works independently,
staging several productions a year with a
faithful group of patrons and sponsors.
Recounting the prolonged and gruelling training that is the norm in Beijing,
Gan says his experience working with
Malaysian actors show that, while they
are passionate, there is a lack of meaty
roles and long-form theatre plays that
could help them develop. Audiences
here like shorter plays and humorous
skits, but it does not benefit the actors.
He hopes that the recognition and
awards given to the works he has done
here, along with his latest staging of Shakespeares Richard III, will be a confidence
booster for local Chinese theatre where
more serious or heavy works could be
attempted.
Muka Space Productions Richard III is
on until Sunday, with shows at 3pm and
8.30pm. Tickets are priced at RM45. To
purchase, call (03) 4047 9000.

live it! 23

FRIDAY DECEMB E R 23 , 20 16 T HE ED G E FINA NCIA L DA ILY

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

WATCHES

BY ABID R AHM AN

Three outstanding watches from Macaus DFS Masters of Time


MACAU. A city of dreams? Or the place
where the soul goes to die? I have always
had a mildly tolerate-hate relationship with
the autonomous territory on the western
side of the Pearl River Delta.
I am not really one for gambling, and
just the idea of watching a Cirque du Soleil
show gives me the rashes. Macau, however,
is also home to one of Asias biggest watch
exhibitions, the DFS Masters of Time, so I
put aside my preciousness and sloped over.
And I am really glad I did as the selection
on show 400 pieces from 27 brands
is for nerds and casual fans alike and I got
to see first-hand watches from producers
such as Angelus that do not often make an
appearance in Hong Kong. It is a free exhibition that runs until the end of February,
so check it out if you find yourself there.
To whet the appetite, I will run through
three of the standouts.
Three watches to look forward to in
2017
Just as with Macau, I have a fraught relationship with Bulgari timepieces, not
helped by the unimaginatively titled and
gauchely styled Bulgari Bulgari collection.
However, the Octo collection, with a case
originally designed by Gerald Genta, is, well,
bellissimo. The new Octo Finissimo Minute Repeater is an upgrade on perfection.
Not only is the watch the worlds thinnest
minute repeater, at 6.85mm thick it is also
absolutely gorgeous. Holding the timepiece
reveals its marvel of engineering it is so
light it is barely there but, on the wrist, it
dominates with its muscular design and
40mm titanium case. Just quickly, for those
who might not be familiar, the minute repeater complication is one that means the
watch can chime out the time on demand
with the push of a slider. Inside is a BVL
362 movement that has 42 hours of power
reserve and the water resistance is a very
impressive 30m, which, once again, is a

01

02

03

sign of excellent build quality and case


construction. The Octo Finissimo Minute Repeater is priced at HK$1.23 million
(RM709,500).

case comes in steel, making the timepiece


more accessible to mere mortals. A peach of
a watch, the Overseas Worldtime is priced at
about HK$306,000 (RM176,520).

Bulgari CEO talks about his love of


Asia and challenges of watchmaking
Another highlight, at least for me, was the
Vacheron Constantin Overseas Worldtime.
I have loved every new piece in the Overseas
collection, but the Overseas Worldtime is the
pick of a lovely bunch. The eye is immediately
drawn to the dial layout, which features 37
time zones 13 more than standard worldtime-dial layouts. There is a lot going on here,
but Vacheron Constantin has rendered it all
with such care and precision that everything
on the face is legible. The design is great but
the complication is genuinely useful to people
who travel a lot and, best of all, the 43.5mm

VC reinvents iconic overseas


sports watch to better suit todays
globetrotters
Finally, something that is not oooh and ahhh
amazing, but is a really great piece for fans of
aviation watches. The Heritage Pilot Ton-Up
not only has one of the coolest watch names,
it also features an aged-steel 45mm case,
which might sound a bit try-hard hipster but
genuinely looks great. The watch features
the ever-reliable El Primero 4069 movement
and has a column-wheel chronograph. The
Heritage Pilot Ton-Up is priced at an enticing HK$58,900 (RM33,977). South China
Morning Post

01. Bulgaris Octo Finissimo


Minute Repeater.
02. Vacheron Constantins Overseas
Worldtime.
.
03. Zeniths Heritage Pilot Ton-Up.

This US$28,000 Jaeger-LeCoultre clock charges itself on air


BY C H R I S ROVZA R

JAEGER-LECOULTREs Atmos clock, created by Swiss inventor Jean-Lon Reutter


in 1928, has always felt like a piece of alien
technology. A brilliant feat of engineering,
it uses nothing more than atmospheric
pressure to keep itself running.
You dont have to wind it. You dont
have to shake it. It just is, says James Landin, founder of the vintage watch vendor
Analog/Shift.
Small fluctuations in temperature charge
the clock; a shift of only 1 hotter or colder can
keep it going for 48 hours. This fall, Jaeger-LeCoultre released the Atmos 568, the third version by renowned industrial designer Marc
Newson. For this iteration, Newson stripped
away the retro Art Deco trappings and housed
the stunning open-worked movement in
a bubble of Baccarat crystal. The high-end
transparency shows the ingenious workings of
all of the clocks 211 pieces, and the time will
remain accurate to the day for almost 4,000
years long enough to qualify as science fiction. US$28,000 (RM125,440). Bloomberg

This fall, Jaeger-LeCoultre released the Atmos 568, the third version by renowned industrial designer Marc Newson.

2 4 S P O RT S

FR I DAY DEC EM B ER 2 3 , 2 0 16 TH EEDGE FI N AN C I AL DAI LY

Kvitova to miss six months


after knife attack doctor
Two-time Wimbledon champions left hand was badly cut in home invasion
PRAGUE (Czech Republic): Twotime Wimbledon champion Petra
Kvitova will need at least six months
of rest after her left hand was badly
cut in a home invasion, the doctor
who carried out her operation said
on Wednesday.
If were talking about returning
to playing sport, it will be about six
months, surgeon Radek Kebrle told
reporters, a day after performing a
four-hour operation on the Czech
stars injured left hand.
A spokesman for Kvitova estimated that the world No 11
would not even be able to grip a
racket for at least three months
while she recovers after fighting
off a knife-wielding burglar at her
home in the eastern Czech town
of Prostejov.
Petra will be on bed rest for 14

precisely she can return to competition, but Petra is ready to do


everything she can to get back competing at the highest level, it added.
Its a serious injury, quite a
A spokesman for
big one, and we must approach
Kvitova estimated that
it from this point of view, warned
the world No 11 would
Kebrle, adding that he and his colnot even be able to
leagues would do their best so that
grip a racket for at
everything is like before.
least three months.
The 26-year-old suffered an injuPhoto by AFP
ry to all five fingers and two nerves
in her left hand, her racket hand,
after defending herself against the
intruder.
She suffered the injuries after
grabbing the knife of the attacker.
The operation lasted as long because
days; she will begin slow rehabiliThe best-case scenario is that the wounds were intricate and one
tation at around six to eight weeks Petra will be able to return to the had to go slowly, with lots of care,
post operation, read a statement tennis court after six months.
to avoid causing any more damage,
from her management.
It is too soon to specify when the doctor explained. AFP

Mourinho not tempted by Chinese riches


BY SHRAVANTH VIJAYAKUMAR

BENGALURU: Wealthy Chinese


clubs are unlikely to lure Jose Mourinho away from England as the
Manchester United manager says
he is enjoying the challenge of competing in the Premier League.
Chinese clubs have been shelling out huge sums of money on
foreign players and managers, with

Chelseas Oscar reportedly set to become the latest Brazilian to head to


the Chinese Super League on a 52
million (RM287.1 million) transfer.
China money is attractive for
everyone, but I love my football at
the highest level more, Mourinho
told Sky Sports. Too young, 53, too
young, too many years of football
to go to a place like China.
I want to stay in the most dif-

ficult place to win, so Im in the


right place.
Mourinho said he wants to stay
on at United beyond his three-year
contract, though he added that the
board had not offered him an extended deal yet.
They are being super supportive of me, and always gave me the
feeling that three years is not the
time I am going to stay here. I al-

ways had the feeling that I am going to stay for more time, he said.
Im loving my job at Manchester
United, and they know that if one
day they bring the contract, I will
sign it. I dont even need my advisers; Ill sign because I am loving it.
United, who are sixth in the
league, 13 points behind leaders
Chelsea, host Sunderland next
Monday. Reuters

Chinas extravagant football party deserves an Oscar


BY C H R I S TOPH ER L A N GNER
& M AT T H EW B ROOKER

SINGAPORE/HONG KONG: Its


a simple question of arithmetic:
Where is Shanghai SIPG going to get
the money to pay for Brazils Oscar?
The Chinese Super League football club has agreed on a fee of
60 million (RM331.38 million)
to take the 25-year-old midfielder
from English Premier League leader Chelsea, according to multiple
newspaper reports in the UK.
The transfer may be something
of a watershed moment for Europes
top leagues. There have been signs
already of the flood of cash washing
around Chinese football (clubs from
the Chinese league were the biggest
spenders in the last European winter
transfer season, as Bloomberg wrote
in March). This deal takes the perceived threat to Europes financial
supremacy to a new level.
Until now, most top footballers
arriving in China to ply their trade
were approaching the end of their
careers, content to while away their
declining years in a league where
standards are significantly less de-

manding than in Europe. Chelseas


Didier Drogba and Nicholas Anelka,
for example, had stints at Shanghai
SIPGs cross-town rival Shanghai
Shenhua when in their 30s (both left
early after reports of unpaid wages).
Oscar dos Santos Emboaba Jr is
a different case entirely. The player,
better known by just his first name,
is in his prime: A Brazilian international who scored in the 2014
World Cup semi-final, albeit one
who has been stuck on the substitutes bench at Chelsea recently.
Even more striking than the
transfer fee is Oscars salary: At a
reported 400,000 a week, he will
become the worlds highest-paid
player, outpacing multiple World
Player of the Year winners Cristiano
Ronaldo of Real Madrid and Lionel
Messi of Barcelona.
So how can a club thats barely
two years old afford it? Gate receipts
hardly appear to justify the outlay.
An average of 29,310 fans watched
Shanghai SIPG play at home this
year, according to worldfootball.
net. Thats the fifth-highest of the 16
teams in the Chinese Super League
and barely half the 56,000 capacity

of the Shanghai Stadium, where


the club plays its home matches.
A season ticket for the coming
programme is 1,000 yuan (RM644),
Shanghai SIPGs website shows.
The cheapest adult season ticket at
Chelsea, the club Oscar is leaving, is
595, five times as much. The most
expensive is 1,250. Chelseas average attendance this season is 41,522.
What about broadcasting revenue, the source of 40% of the total
for clubs in Europe, according to
Deloittes annual football money league report? In July, the Premier League sold worldwide broadcasting rights for the coming three
years for a record 10.4 billion. The
amount will be split between the
leagues 20 teams. The China rights
alone went for 560 million.
By contrast, rights to air the Chinese Super League online over the
next two years were sold in February for a record 2.7 billion yuan, or
about 3% of the value of the English
deal. The buyer was LeTV Sports,
an arm of embattled LeShi Internet
Information & Technology Corp.
What Shanghai SIPG does have
in common with some of Europes

high rollers is a rich owner. The club


dates its founding to 2014, when
Shanghai International Port Group
Co took over the former Shanghai
East Asia Football Club. It finished
third last season.
SIPG is a Shanghai-traded company with a market capitalisation of
more than US$17 billion (RM76.16
billion) and more than US$2 billion
of cash on its balance sheet easily enough to fund a Messi or two.
Unlike the Middle Eastern and Russian tycoons who have bankrolled
big spending at Premier League
clubs, though, SIPG has to answer
to public shareholders.
The board had better hope its investors like football because theyre
unlikely to see a financial return
from deals like the Oscar purchase.
Clearly, Chinese football has huge
potential, but that will take time to
realise. The more that is lavished
on foreign players, the less there
is for youth coaching and upgrading cabbage patch pitches, as
Bloombergs Tariq Panja reported
last week.
Whichever way you slice it, these
numbers dont add up. Bloomberg

IN BRIEF
Russian fans jailed
for Euro 2016 trouble
to be deported
AIX-EN-PROVENCE (France):
Three Russians jailed in France
following clashes with England fans before their Euro
2016 match in June will be released from prison and deported next month, a lawyer said
on Wednesday. The trio, who
filed a request for conditional
freedom, will be released on
Jan 9 and expelled on Jan 16,
said Alexandre Robelet, the
lawyer for Alexei Yerunov, who
was initially sentenced to two
years behind bars for the Marseille battles on June 11. His
sentence was reduced to 18
months on appeal, while Sergei Gorbachev was jailed for 18
months, cut to 15 months after
he too appealled, with Nikolai
Morozov receiving the shortest
sentence of 12 months. AFP

Holland appointed England assistant manager


BENGALURU: Steve Holland
has been appointed as Englands full-time assistant manager after an interim spell in
the job, the Football Association (FA) said on its website.
The 46-year-old, currently assistant coach at Chelsea, will
work with England for the upcoming fixtures against Germany and Lithuania in March,
before joining Gareth Southgates back-room staff on a permanent basis at the end of the
season. I am delighted to have
Steve as my assistant manager,
Southgate told the FAs website.
Reuters

Irish FA seeks urgent


Fifa meeting over ne
LONDON: The Irish Football
Association (FA) on Wednesday sought an urgent meeting
with Fifa president Gianni Infantino to protest over a 15,000
Swiss franc (RM65,614) fine
imposed for Northern Irelands
tribute to Britains war dead.
The Irish FA board expressed
severe disappoiment at the
fine imposed by Fifas disciplinary commission on Monday.
The English FA has already said
it would try to appeal against
a 45,000 Swiss franc fine imposed for wearing poppy armbands as a tribute in their Nov
11 Armistice Day game against
Scotland. AFP

Argentina, France take


world ranking honours
ZURICH: Lionel Messis beaten
Copa America finalists Argentina end the year top of Fifas
world rankings, while France,
defeated in the Euro 2016 final, were named mover of the
year. Argentina finish 2016 out
in front of arch-rivals Brazil to
inherit the team of the year
title from Belgium, displaced
from the Fifa summit by the
Edgardo Bauza-coached Albiceleste in April. In all, the
Argentinians won 10 of their 15
games, with one of their three
losses coming in the continental showpiece on penalties to
Chile in June. AFP

Markets 2 5

FRIDAY DECEMB E R 23 , 20 16 T HEED 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

1,623.20

-6.39

-0.39

TECHNOLOGY

22.10

Unch

Unch

KLSE INDUSTRIAL

3,075.38

-13.29

-0.43

FTSE BURSA 100

11,087.25

-47.60

-0.43

13,010.19

-70.87

-0.54

CONSUMER PRODUCT

575.22

-2.08

-0.36

FTSE BURSA MID 70

INDUSTRIAL PRODUCT

143.62

-0.61

-0.42

FTSE BURSA SMALL CAP

14,645.84

-84.65

-0.57

CONSTRUCTION

285.02

-1.75

-0.61

FTSE BURSA FLEDGLING

15,753.02

-79.21

-0.50

11,365.02

-49.76

-0.44

4,737.90

-71.65

-1.49

216.85

-0.90

-0.41

FTSE BURSA EMAS

14,196.01

-72.23

-0.51

FTSE BUR MSIA ACE

KLSE PROPERTY

1,124.40

-0.20

-0.02

FTSE BUR EMAS SHARIAH

11,950.82

-35.59

-0.30

KLSE PLANTATION

7,717.07

5.28

0.07

FTSE BUR HIJRAH SHARIAH

13,351.84

-39.77

-0.30

482.29

Unch

Unch

8,678.85

-55.22

-0.63

TRADE & SERVICES


KLSE FINANCIAL

KLSE MINING

FTSE/ASEAN 40

Bursa Malaysia Main Market


YEAR
HIGH

YEAR
LOW

DAY
HIGH

CONSUMER PRODUCTS
0.824 0.630 0.645
4.800 3.297

14.647 7.616 14.100


0.270 0.210

6.007 5.124 5.500


1.460 0.890

5.121 3.470 3.500


55.781 39.409 43.240
0.070 0.035

0.721 0.536 0.580


1.870 1.480 1.560
0.647 0.465 0.475
0.387 0.252 0.320
15.136 10.837 13.940
0.730 0.530 0.675
2.590 1.942 2.000
1.970 1.060 1.200
3.226 2.344 2.600
0.060 0.025

2.417 1.820 2.060


1.848 1.112 1.760
0.140 0.055 0.060
0.060 0.035 0.040
0.954 0.752

64.674 44.824 55.960


0.145 0.070 0.080
0.265 0.020 0.050
0.370 0.185 0.360
0.425 0.140 0.250
2.541 1.520

0.290 0.200 0.200


0.940 0.640

27.000 17.516 22.900


0.940 0.590 0.695
1.205 0.834 0.970
1.207 0.620 0.640
0.966 0.700 0.835
1.609 0.854 1.100
2.738 2.083 2.450
1.200 0.990

0.085 0.010

18.372 12.212 17.060


9.950 5.038 9.400
1.159 0.841 0.935
0.479 0.335 0.340
5.190 3.757

1.368 1.150 1.200


0.590 0.360

2.680 1.820 2.610


1.513 0.868 1.370
0.860 0.505 0.565
3.134 2.112 2.490
3.957 2.968 3.820
0.260 0.025 0.085
0.880 0.720 0.780
2.700 1.827

1.190 1.000 1.050


0.125 0.035 0.050
7.906 4.509 4.870
0.925 0.790 0.825
0.330 0.265 0.280
3.322 1.909 3.200
0.860 0.710 0.740
1.577 1.230 1.380
4.478 3.809 4.360
0.095 0.015

1.234 1.000

1.637 1.157 1.370


1.030 0.810

5.020 4.337

0.080 0.025

1.557 1.200 1.230


80.359 69.990 78.660
3.319 2.504

0.200 0.070 0.075


0.370 0.255 0.280
1.041 0.781

0.753 0.345 0.420


0.080 0.040 0.075
2.518 1.370 1.520
7.456 6.381 6.840
3.015 1.707 2.590
38.617 22.888 32.000
0.787 0.338 0.575
0.545 0.240

0.885 0.310 0.315


1.120 0.700 0.880
0.229 0.150

0.580 0.450 0.465


2.019 1.356 1.690
16.701 15.127 15.880
0.580 0.472

1.964 1.280 1.410


0.762 0.636 0.730
2.671 1.843

4.597 4.123 4.360


1.620 1.400

1.550 1.020 1.460


0.490 0.270 0.290
1.250 0.620 1.070
1.430 0.550 0.600
0.120 0.055 0.065
2.310 1.565 1.660
1.041 0.687 0.820
0.145 0.035 0.125
0.405 0.155

2.682 2.009 2.500


1.500 0.990 1.110
0.745 0.500 0.525
0.445 0.280 0.365
2.596 1.780 1.780
1.402 0.650 0.725
1.519 0.955 0.975
1.476 1.201

0.560 0.400 0.400


0.560 0.420 0.500
7.826 4.700 4.820
2.332 1.804

0.995 0.631 0.780


0.060 0.020

0.540 0.390

0.584 0.075 0.085


2.450 1.944 2.400
1.360 0.400

1.347 0.861 1.110


2.829 1.800 1.900
1.532 1.220 1.250
INDUSTRIAL PRODUCTS
1.438 0.975 1.320
0.125 0.085 0.085
0.550 0.470

0.310 0.200

0.990 0.650 0.700


* Volume Weighted Average Price

DAY
LOW
0.640

13.900

5.500

3.500
43.000

0.570
1.560
0.465
0.285
13.920
0.660
2.000
1.180
2.490

2.010
1.750
0.055
0.035

55.140
0.070
0.045
0.355
0.220

0.200

22.840
0.660
0.935
0.640
0.830
1.080
2.440

16.860
9.290
0.930
0.335

1.190

2.530
1.350
0.555
2.450
3.800
0.075
0.775

1.040
0.050
4.860
0.815
0.280
3.170
0.725
1.380
4.330

1.370

1.230
78.280

0.070
0.270

0.405
0.065
1.480
6.830
2.570
31.700
0.550

0.315
0.860

0.455
1.670
15.720

1.390
0.730

4.290

1.350
0.290
1.060
0.600
0.060
1.660
0.810
0.110

2.460
1.020
0.520
0.365
1.780
0.710
0.970

0.400
0.495
4.700

0.780

0.075
2.390

1.100
1.900
1.220
1.310
0.085

0.690

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
5886
3662
7935
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
MBG
MFLOUR
MILUX
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)

+/
(RM)

VOL
(000)

0.640
4.400
14.000
0.220
5.500
0.900
3.500
43.000
0.045
0.580
1.560
0.470
0.320
13.940
0.665
2.000
1.180
2.600
0.030
2.020
1.750
0.060
0.040
0.900
55.140
0.080
0.045
0.355
0.235
1.700
0.200
0.640
22.860
0.685
0.935
0.640
0.835
1.100
2.440
1.040
0.055
16.980
9.380
0.930
0.335
5.000
1.200
0.455
2.610
1.350
0.555
2.450
3.820
0.080
0.775
2.300
1.050
0.050
4.860
0.820
0.280
3.200
0.725
1.380
4.330
0.025
1.010
1.370
0.920
4.890
0.035
1.230
78.280
3.150
0.070
0.270
0.830
0.410
0.070
1.520
6.830
2.580
31.700
0.560
0.415
0.315
0.870
0.150
0.455
1.680
15.800
0.510
1.390
0.730
2.120
4.320
1.500
1.360
0.290
1.060
0.600
0.065
1.660
0.810
0.115
0.230
2.490
1.090
0.525
0.365
1.780
0.715
0.970
1.450
0.400
0.495
4.700
2.170
0.780
0.025
0.415
0.080
2.390
1.180
1.110
1.900
1.250

UNCH

-0.060

-0.150

0.030
-0.180

0.005
UNCH
-0.015
0.035
-0.060
-0.010
0.010
-0.040
0.100

-0.020
-0.010
UNCH
UNCH

-0.420
0.005
UNCH
UNCH
0.015

UNCH

-0.040
-0.005
0.055
-0.010
0.005
0.020
0.010

-0.020
-0.010
-0.005
-0.005

UNCH

0.010
-0.010
-0.030
-0.060
UNCH
UNCH
-0.005

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

-0.010

0.010
-0.320

-0.005
-0.010

0.005
UNCH
0.040
UNCH
-0.010
-0.100
-0.010

UNCH
-0.030

UNCH
-0.010
UNCH

-0.010
-0.015

-0.020

-0.100
0.005
-0.030
-0.010
0.005
0.010
-0.010
-0.005

-0.010
UNCH
0.005
-0.035
UNCH
UNCH
-0.010

-0.005
UNCH
-0.080

0.050

UNCH
UNCH

UNCH
UNCH
UNCH

108

18

9.8

9
60

477.6
10
1246
64.1
4
510.9
2.1
13.2
26

27
1.7
744.4
3535.5

29.4
11.5
197
212.9
6202.5

20

554.3
30
3.2
31
12.5
108.3
11

14.4
195.7
346.4
1013.3

639.3

315
131.3
53.9
58.5
362.2
4055.9
20

51.1
1
39
3855.8
25
63
71.5
1
167.3

116.1

6.5
44.7

40.2
1253.6

2249.9
6689.5
24.6
5.2
733.6
3.1
169.4

5
127.5

110.2
291.6
168.3

194.8
33.3

450.4

1304.9
100
18.7
15
410
6.6
321.5
6172.2

209.3
70.2
954
5
17
744.7
34.4

109.3
128.5
840.3

760.7
387.8

16.4
55
131.6

1.310
0.085
0.505
0.200
0.700

-0.010
UNCH

UNCH

100.2
10

12

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

VWAP*
(RM)

PE#
(X)

DY
(%)

MKT CAP
(MIL)

0.643 76.19
12.27
14.026 19.76

5.500 18.14

3.500 11.52
43.048 19.60

0.580 19.40
1.560 10.28
0.467
5.94
0.285 10.29
13.937 18.34
0.665 12.29
2.000 18.71
1.192
9.03
2.515 19.50

2.039 12.32
1.757 13.53
0.060
1.11
0.039

11.90
55.599 25.86
0.073

0.048

0.356

0.236
7.41
46.32
0.200 16.13
24.90
22.879 21.73
0.669
2.80
0.968 33.04
0.640
9.43
0.835 11.81
1.095 12.88
2.448
8.38

16.993 19.77
9.391 10.83
0.933
9.96
0.335 17.09

7.57
1.200 19.48
15.42
2.556 10.40
1.352
8.79
0.560
7.39
2.469 46.76
3.802 26.49
0.080

0.778 14.76

9.27
1.046 32.61
0.050

4.861
7.19
0.820

0.280
8.43
3.186
7.89
0.731
7.28
1.380 14.15
4.349
7.27

23.54
1.370 13.95

20.51

1.230 14.63
78.551 27.40

9.48
0.075

0.272

17.66
0.412

0.070

1.498 20.13
6.840 20.52
2.580 12.65
31.789 13.40
0.557 26.17

4.60
0.315

0.869 19.59
12.40
0.455 15.02
1.678
8.18
15.797 21.04
20.40
1.397
0.36
0.730 20.05
17.55
4.314 28.55

1.370 21.83
0.290

1.065

0.600

0.064

1.660
9.12
0.812
4.14
0.117 127.78
10.31
2.499 13.42
1.071 35.05
0.520
8.22
0.365

1.780

0.718
4.34
0.972 12.76
19.84
0.400
7.71
0.496 26.47
4.734

12.92
0.780
8.85
22.73

0.080

2.393 10.18

1.109
8.46
1.900 11.61
1.235 17.08

3.91
2.61
2.41

5.45

3.43
5.42

2.16

2.13
3.13
5.16
2.26
4.00
2.97
1.92

3.65
6.86

2.50
1.81

3.82

2.73

1.60
1.56
8.38
1.36
0.82
3.85

3.24
3.62
4.84
2.99
1.00
3.33

4.21
7.41

0.82
0.65

4.35

2.47
0.61

5.00

2.90
3.23

4.95
3.65

4.91

3.19
3.49

2.89

2.63
2.64
3.88
4.38
2.98

2.20
3.57
1.58
2.45
2.16
3.73
4.72
0.98

1.47

6.02
6.17

2.21
0.92
1.90

2.25
2.80
2.58
5.17

4.26
4.15
3.21

22.88
1.46

3.60
3.42
4.80

113.8
515.4
851.2
11.0
440.0
71.2
674.3
12,277.8
32.5
467.6
276.9
37.6
63.0
4,294.6
209.7
557.9
49.7
421.2
20.0
462.2
210.9
74.6
43.3
120.6
3,529.0
47.0
14.0
59.6
22.5
120.3
48.6
28.4
8,384.6
41.8
233.7
57.8
206.5
528.2
1,490.6
473.0
25.7
5,129.6
3,075.7
279.0
274.5
433.2
960.0
34.0
229.8
185.3
45.5
2,455.8
1,030.0
5.5
80.6
92.1
139.3
13.3
472.4
499.2
47.0
576.0
135.2
179.5
704.6
10.0
61.4
753.8
50.1
3,437.6
21.2
284.8
18,356.7
236.7
21.2
64.4
932.3
97.8
46.3
364.8
4,237.3
1,697.4
1,925.6
101.5
29.1
18.9
481.4
116.0
186.7
381.0
18,730.9
51.0
246.0
121.0
646.8
5,391.5
92.5
380.0
34.8
127.2
81.7
31.3
83.0
194.6
227.1
15.2
446.9
159.0
321.8
29.2
1,196.2
248.9
291.0
59.1
55.4
115.7
5,491.0
172.7
124.8
67.4
30.2
38.8
450.9
162.3
177.6
255.9
575.0

1.37

515.6
22.4
74.3
43.7
107.0

1.314
0.085

0.692

17.75

83.33

YEAR
LOW

DAY
HIGH

DAY
LOW

2.840 1.824 2.380


2.350
0.195 0.100 0.145
0.140
0.500 0.360

0.635 0.260 0.485


0.440
1.087 0.575 0.665
0.655
0.340 0.090

1.040 0.660

0.460 0.315 0.340


0.325
2.180 0.582 2.180
2.150
0.360 0.120 0.245
0.240
1.324 0.850

3.896 3.300

1.010 0.561 0.995


0.955
0.825 0.595 0.735
0.730
0.895 0.413 0.765
0.765
1.660 0.400 0.410
0.410
2.110 1.410

0.795 0.400 0.420


0.420
0.130 0.095

1.177 0.795 0.810


0.810
2.850 2.010 2.380
2.100
1.908 1.400 1.420
1.400
0.430 0.285 0.330
0.315
0.395 0.185 0.295
0.290
0.355 0.195 0.250
0.240
5.110 3.133 3.390
3.330
0.080 0.020 0.025
0.020
2.315 1.940 1.950
1.940
0.985 0.798

1.760 1.287 1.750


1.750
2.560 1.510

1.360 1.060

2.218 1.321 1.540


1.520
2.300 1.304 1.700
1.670
1.000 0.640

0.070 0.040 0.055


0.055
5.190 3.170 3.910
3.870
0.360 0.130 0.320
0.260
1.855 1.250 1.420
1.380
0.990 0.515 0.785
0.765
0.995 0.605 0.680
0.665
2.230 0.942 2.160
2.130
0.070 0.005

0.927 0.810

0.440 0.280

2.409 2.052 2.250


2.250
0.445 0.315 0.395
0.390
0.315 0.170 0.265
0.260
0.635 0.285 0.315
0.300
0.475 0.340

0.800 0.370

1.250 1.053 1.250


1.170
1.528 0.764 1.270
1.210
0.735 0.412 0.710
0.690
1.260 0.810 0.905
0.870
1.280 0.860 0.900
0.895
0.927 0.227 0.620
0.605
0.709 0.510 0.530
0.530
1.683 0.735 1.000
0.980
1.552 0.630 0.680
0.650
1.150 0.935 1.100
1.100
3.022 2.270 2.360
2.320
0.811 0.457 0.510
0.510
2.204 2.020 2.060
2.040
3.090 1.420 1.630
1.620
1.500 1.370

2.970 1.300 1.720


1.670
0.060 0.040 0.045
0.045
0.735 0.180 0.645
0.635
0.110 0.075 0.090
0.090
0.565 0.255 0.270
0.255
0.312 0.205 0.215
0.215
0.135 0.085 0.090
0.090
0.980 0.749 0.830
0.815
0.740 0.235 0.260
0.245
6.013 3.759 4.760
4.630
3.370 2.640 3.270
3.230
1.723 1.019 1.520
1.480
0.960 0.791 0.930
0.925
0.525 0.180 0.295
0.285
0.395 0.130 0.385
0.365
1.768 0.870

1.000 0.637 0.975


0.965
0.400 0.270 0.330
0.300
0.060 0.020 0.025
0.025
3.410 2.750 2.810
2.750
0.098 0.045 0.060
0.055
0.920 0.730

2.190 1.763

0.345 0.185 0.210


0.200
0.120 0.055 0.060
0.055
0.165 0.140 0.150
0.150
0.210 0.055

1.280 0.892

1.350 0.840 1.350


1.250
1.784 1.035 1.350
1.320
0.230 0.160 0.200
0.185
1.266 0.700 0.705
0.700
0.985 0.370

3.408 2.770 2.870


2.860
2.352 1.535 1.800
1.800
0.120 0.025 0.040
0.040
1.815 1.090 1.240
1.230
0.530 0.310 0.345
0.335
2.249 1.130 1.490
1.460
0.677 0.270 0.270
0.270
9.329 5.794 6.500
6.440
0.600 0.360

5.605 4.661 4.710


4.690
0.520 0.346

0.500 0.300 0.305


0.305
9.267 6.910 7.090
6.910
0.700 0.428 0.640
0.620
0.756 0.460 0.500
0.490
0.615 0.407 0.490
0.470
0.150 0.100 0.110
0.100
0.080 0.020

0.525 0.220 0.415


0.400
0.570 0.110 0.440
0.420
0.085 0.050 0.050
0.050
3.748 3.400 3.600
3.520
1.060 0.350 0.815
0.780
0.699 0.485 0.510
0.510
1.060 0.360

1.140 0.746 1.040


1.020
1.080 0.630 0.740
0.685
0.660 0.175 0.435
0.405
0.638 0.485 0.510
0.485
1.504 1.062 1.350
1.350
1.850 1.595

1.420 0.800 1.360


1.330
0.110 0.060 0.085
0.085
0.784 0.535 0.555
0.545
4.490 2.210 3.930
3.890
2.564 1.400 1.450
1.400
1.200 0.210 1.100
1.030
0.200 0.050

0.645 0.100 0.210


0.200
0.724 0.492 0.555
0.550
1.338 0.839 1.190
1.180
1.150 0.865

0.095 0.050 0.070


0.070
7.432 5.887 6.950
6.900
2.045 1.472 1.620
1.550
0.801 0.560 0.690
0.640
7.060 4.966 6.800
6.780
0.150 0.050 0.105
0.100
22.590 20.127 21.300 21.260
6.982 3.510 4.080
4.060
2.731 1.640 1.680
1.660
1.638 0.861 1.530
1.520
1.730 0.629 1.710
1.660
0.650 0.430 0.485
0.465
0.460 0.280 0.280
0.280
1.070 0.810 0.950
0.930
0.380 0.300

0.915 0.396 0.910


0.880
0.710 0.635

0.175 0.085 0.110


0.105
1.640 1.180 1.180
1.180
0.930 0.660

6.200 5.450

0.505 0.315 0.405


0.405
0.935 0.715 0.770
0.770
4.240 3.456 4.040
4.040

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
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
5134

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
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
SAB

CLOSING
(RM)
2.360
0.145
0.500
0.440
0.655
0.120
0.890
0.340
2.170
0.245
0.875
3.430
0.965
0.730
0.765
0.410
1.800
0.420
0.115
0.810
2.380
1.420
0.320
0.295
0.250
3.330
0.025
1.950
0.915
1.750
1.550
1.060
1.530
1.670
1.000
0.055
3.880
0.320
1.420
0.765
0.680
2.160
0.005
0.810
0.320
2.250
0.390
0.260
0.310
0.340
0.375
1.250
1.220
0.690
0.875
0.900
0.605
0.530
0.990
0.680
1.100
2.360
0.510
2.040
1.620
1.400
1.670
0.045
0.635
0.090
0.270
0.215
0.090
0.830
0.245
4.700
3.260
1.480
0.925
0.285
0.365
0.950
0.965
0.300
0.025
2.750
0.055
0.780
2.050
0.200
0.060
0.150
0.070
0.990
1.270
1.320
0.190
0.700
0.410
2.870
1.800
0.040
1.240
0.335
1.490
0.270
6.480
0.395
4.690
0.390
0.305
6.940
0.625
0.490
0.490
0.110
0.025
0.410
0.420
0.050
3.540
0.800
0.510
1.000
1.020
0.740
0.415
0.510
1.350
1.680
1.340
0.085
0.550
3.930
1.450
1.030
0.075
0.205
0.550
1.180
0.965
0.070
6.910
1.620
0.645
6.790
0.105
21.280
4.070
1.660
1.520
1.670
0.485
0.280
0.930
0.355
0.885
0.695
0.110
1.180
0.660
5.810
0.405
0.770
4.040

+/
(RM)

VOL
(000)

VWAP*
(RM)

PE#
(X)

DY
(%)

MKT CAP
(MIL)

0.060
31
0.005
586

UNCH
4
-0.010
111.3

-0.005
60.1
UNCH
74.7
-0.005 4519.6

-0.025
588.2
UNCH
232.6
UNCH
6.3
0.005
1.3

-0.010
5

UNCH
13.2
-0.020
198.3
0.010
46.7
-0.010
172
0.005
89.2
0.010
598.7
-0.060
102
UNCH
147.1
UNCH
152.9

UNCH
8

-0.020
138.1
-0.050
26.8

UNCH
75
UNCH
670.4
0.060
12.3
0.020
144.6
-0.020
889.9
0.005
565.7
UNCH 1008.6

UNCH
5.8
-0.010
437.2
-0.005
661
0.005
11

0.040
16.9
-0.020 7525.7
-0.020
935.1
-0.010 4992.3
0.010
17
-0.015
399.6
0.005
3
-0.005 1016.8
-0.005
93.2
-0.010
0.5
0.020
141.8
UNCH
50
-0.010
27
-0.010
385.7

-0.050
48
UNCH
295.2
-0.005
181
UNCH
98
UNCH
35.1
-0.010
35
UNCH
306.5
0.010
30.6
-0.010
138
-0.060
329.4
0.060
5
-0.040 1918.6
-0.005
222.6
-0.005
573.6
-0.020 49700.8

-0.010
91.5
UNCH
100.7
UNCH
54.2
-0.060
111.3
-0.005
35

UNCH 1646.9
UNCH
18.9
-0.005
60

-0.040 6018.8
-0.020
895.4
UNCH 3516.6
-0.015
8

0.010
45.5
UNCH
10
-0.005
460
0.040
10.4
-0.010 13219.2
0.020
41.4
-0.010
110
0.030
184.2

-0.030
58.3

UNCH
18
-0.150
164.2
-0.015 1399.1
-0.015
215.5
0.005
190.1
0.005
70.2

UNCH
561.2
-0.010
292.7
UNCH
643
UNCH
24
0.020 2769.3
UNCH
10

-0.020
111.3
0.050
30.1
UNCH 9240.3
0.010
11
UNCH
5

-0.020
923.9
UNCH
680
-0.015
97.7
0.010
51.1
-0.010
82.5
-0.050 1824.1

UNCH 1128.9
-0.005
212.5
-0.020
39.9

UNCH
100
-0.010 8280.4
0.030
66.4
-0.020 2795.7
-0.010
10.9
-0.005 1796.1
UNCH
301.7
-0.030
43.3
-0.010
18
-0.010
17
-0.030 5221.5
-0.015
283
-0.010
8
-0.010
44.2

-0.020
1274

-0.005
860.2
-0.090
1

0.010
0.1
0.005
40
-0.020
0.6

2.373
0.141

0.441
0.657

0.326
2.169
0.244

0.969
0.731
0.765
0.410

0.420

0.810
2.230
1.402
0.319
0.292
0.248
3.342
0.020
1.950

1.750

1.529
1.683

0.055
3.890
0.277
1.401
0.769
0.675
2.143

2.250
0.395
0.262
0.301

1.187
1.237
0.697
0.890
0.899
0.610
0.530
0.988
0.660
1.100
2.338
0.510
2.045
1.627

1.680
0.045
0.640
0.090
0.262
0.215
0.090
0.815
0.245
4.709
3.256
1.497
0.928
0.290
0.372

0.970
0.300
0.025
2.786
0.059

0.202
0.055
0.150

1.308
1.330
0.193
0.701

2.860
1.800
0.040
1.238
0.339
1.485
0.270
6.452

4.696

0.305
7.003
0.630
0.497
0.474
0.103

0.406
0.430
0.050
3.588
0.799
0.510

1.025
0.695
0.420
0.508
1.350

1.343
0.085
0.551
3.898
1.426
1.049

0.204
0.551
1.183

0.070
6.924
1.563
0.674
6.793
0.105
21.278
4.073
1.663
1.526
1.674
0.480
0.280
0.940

0.891

0.110
1.180

0.405
0.770
4.040

17.25

29.41

13.15

20.70

14.84

14.01
6.91
6.58

19.57
24.74
12.07
29.09
6.30

8.80
3.25
10.44
12.85
14.94
5.78

7.90
10.11

27.36

17.03
5.74
12.59
9.01

15.11

28.74
16.60

16.58

7.88
7.28

5.62

10.75
10.26
23.71
6.58
12.69
8.87
7.76

13.40

38.39

22.43

29.47
5433
8.70
8.08

6.05
21.26
28.04

31.94

41.71
19.64

24.00

1980
8.60
25.63
19.39
7.81

10.14
12.06

28.63
42.69

22.92

13.18

68.71
7.07
9.82
7.18

12.24

10.66
12.38
9.50

8.77

23.39
9.07
13.34
7.26

10.96
16.04
13.03
9.27

10.68
8.32
9.06

21.07
17.16
8.02
12.82

24.94
7.78
22.55
13.50
15.27
20.73
12.73
6.41
71.00
7.10
21.19
91.67
6.54

10.95
10.43
19.00

5.08

2.29

5.62

7.43
4.96
3.11
2.67
5.23

1.85

4.23

1.20

3.08
5.46
1.71

5.56
2.40

1.16

2.11

3.70

6.17

2.40

3.60
1.64
3.04

4.13
1.89
1.01
0.74
2.27
6.36
2.45
6.13
9.26

2.79

4.22

1.70

2.94
4.86
1.05

3.68
1.55

1.09

1.71

2.00

1.18
0.98
2.11
2.14

0.70
3.33

3.23

2.01

1.77

2.13
2.05

2.88
3.20
8.16
3.06

4.24

1.96

1.96

1.96
8.89
3.57

2.07

3.64
4.24
3.11

2.46
2.47
4.65
5.89

2.82
4.91
1.45
2.63
2.20

2.26
0.72

2.96
2.60
1.24

48.4
39.3
90.0
58.0
199.5
7.0
119.6
74.4
1,134.6
73.3
98.8
691.5
115.8
200.1
55.3
25.1
447.2
20.2
31.8
418.0
142.9
266.5
52.6
28.9
31.3
639.9
34.0
1,049.6
418.7
210.0
69.4
43.5
458.3
183.5
45.8
24.3
4,168.6
14.5
754.9
107.1
380.0
820.8
0.5
81.0
24.0
614.8
40.7
46.9
84.5
4.2
83.3
206.3
2,358.5
121.1
185.1
147.8
103.6
88.0
838.0
151.4
93.7
522.5
50.0
500.3
167.2
261.2
133.6
242.2
70.2
88.2
36.3
71.8
47.5
230.7
26.0
7,714.7
274.6
741.7
185.4
367.3
527.0
38.6
269.0
24.0
28.1
1,317.5
54.9
86.2
164.0
26.8
56.5
67.4
12.1
125.5
316.0
1,285.3
90.4
69.3
25.4
1,274.8
280.1
42.0
319.7
722.3
101.4
33.7
4,143.8
22.3
1,695.3
37.4
45.7
5,896.9
155.3
176.4
151.9
35.4
34.8
294.3
53.8
86.6
147.2
195.6
27.9
42.0
93.8
32.9
93.6
35.7
54.2
201.6
281.4
59.1
120.8
393.0
442.3
292.1
4.2
71.1
106.9
188.1
72.6
66.3
55,280.0
304.6
83.6
674.3
58.8
42,107.4
1,098.9
637.5
121.6
6,174.1
63.8
44.8
102.2
119.6
163.9
207.3
72.0
68.4
27.7
508.1
55.6
176.5
553.2

26 Markets

FR I DAY DEC EM B ER 2 3 , 2 0 16 TH EEDGE F I N AN C I AL DAI LY

BURSA MAL AYSIA MAIN MARKET

YEAR
HIGH

YEAR
LOW

DAY
HIGH

DAY
LOW

7.980 5.050 5.120


5.050
1.034 0.827

1.800 1.010 1.070


1.050
3.585 2.697 3.410
3.340
0.940 0.530 0.590
0.570
7.080 6.010 6.770
6.730
0.475 0.275

0.285 0.135 0.170


0.160
1.304 0.660 0.720
0.705
0.290 0.140

0.530 0.250 0.280


0.280
6.350 1.990 2.100
1.990
0.644 0.400

0.745 0.500

1.440 1.083 1.310


1.290
3.046 1.801 2.300
2.200
0.740 0.587

1.430 0.690 1.260


1.230
0.425 0.070 0.080
0.075
2.240 1.360 1.370
1.360
2.504 1.570 2.250
2.220
2.600 1.673 2.480
2.440
3.470 1.992 2.160
2.120
4.667 3.365 3.950
3.870
0.545 0.253 0.395
0.385
0.790 0.235 0.290
0.255
15.100 12.760 12.780 12.760
14.940 14.000

0.190 0.090

0.455 0.220

2.920 1.020 2.400


2.270
1.720 1.000 1.080
1.080
0.445 0.285 0.350
0.350
4.550 2.721 4.390
4.360
2.499 1.517 1.810
1.780
0.750 0.600

2.155 1.521 1.680


1.640
2.100 1.707

6.940 4.200 5.300


5.250
0.680 0.505 0.530
0.520
0.270 0.145 0.150
0.150
1.850 1.374 1.830
1.790
6.813 3.360 3.500
3.500
1.460 0.890

1.700 0.610 1.370


1.350
1.633 1.130 1.400
1.390
0.956 0.631 0.800
0.785
0.485 0.290

2.001 1.402 1.800


1.780
2.736 1.764 1.850
1.810
0.740 0.490

0.660 0.405

2.287 1.882 2.020


1.950
1.506 0.980 0.990
0.985
1.170 0.830 1.100
1.090
1.080 0.780

0.400 0.160 0.245


0.235
0.750 0.380

CONSTRUCTION
0.460 0.280

0.752 0.539 0.615


0.610
0.720 0.572 0.650
0.645
0.620 0.360 0.380
0.365
0.510 0.360 0.420
0.415
0.949 0.791 0.800
0.800
0.978 0.805 0.915
0.900
1.808 1.460

1.978 0.949 1.880


1.860
2.600 1.002 2.340
2.300
0.609 0.472

1.305 0.885 1.020


0.995
4.950 4.245 4.850
4.800
1.200 0.780 0.885
0.870
1.090 0.710 0.780
0.760
0.855 0.855

1.290 1.290

2.103 1.580 1.640


1.620
3.534 3.043 3.260
3.190
0.804 0.565 0.570
0.570
0.710 0.480

1.280 0.805 1.010


1.000
0.345 0.195 0.315
0.310
2.487 1.553 2.100
2.080
2.260 1.317 2.150
2.130
1.540 1.010

1.270 0.660 0.900


0.885
0.450 0.240

1.470 0.983 1.270


1.230
0.895 0.370 0.845
0.840
0.440 0.230 0.310
0.310
1.520 0.725 0.970
0.935
2.465 2.034 2.220
2.180
0.640 0.322 0.615
0.600
1.393 1.150

1.424 1.060 1.200


1.180
0.150 0.100 0.100
0.100
3.780 3.118 3.570
3.570
0.798 0.405 0.585
0.565
1.740 1.242

0.435 0.300 0.325


0.320
0.513 0.327 0.400
0.385
2.400 1.140 2.100
2.050
0.615 0.430 0.490
0.460
0.160 0.100 0.150
0.145
1.030 0.880 0.910
0.900
1.980 1.392 1.780
1.760
0.855 0.550 0.565
0.565
0.255 0.100 0.125
0.115
TRADING SERVICES
0.495 0.175 0.370
0.360
0.385 0.185 0.185
0.185
3.000 2.434 2.600
2.560
0.245 0.165 0.170
0.165
3.300 1.248 2.380
2.330
7.300 5.294 6.160
6.040
0.450 0.185 0.265
0.255
0.270 0.075 0.120
0.110
9.528 7.400

2.523 1.981

0.300 0.025 0.040


0.035
1.056 0.500 0.615
0.595
0.150 0.105 0.105
0.105
2.946 2.301 2.680
2.650
5.200 4.105

0.950 0.369 0.935


0.915
6.283 4.110 4.530
4.500
0.407 0.230 0.340
0.330
0.900 0.605 0.665
0.650
2.408 1.722 2.090
2.050
0.570 0.385 0.405
0.395
0.375 0.170 0.190
0.185
6.940 6.222

2.000 1.065 1.700


1.670
0.427 0.306 0.330
0.325
2.305 1.230 1.590
1.580
0.855 0.560 0.565
0.565
0.445 0.235 0.320
0.270
3.379 2.801 3.000
2.960
0.200 0.145 0.170
0.160
1.100 0.650

2.668 1.749 2.510


2.440
0.745 0.280 0.320
0.300
2.020 1.300 1.300
1.300
3.872 2.850 2.980
2.980
1.044 0.744 0.875
0.865
0.489 0.372 0.415
0.415
0.560 0.385 0.485
0.465
0.105 0.065 0.070
0.070
0.910 0.650 0.695
0.680
0.055 0.030

2.250 1.522 2.120


2.090
1.520 0.779 1.490
1.450
0.105 0.050 0.055
0.055
1.410 0.730 0.975
0.935
1.256 0.820 0.940
0.940
0.895 0.525 0.680
0.660
1.600 1.441 1.530
1.520
6.670 3.604 4.650
4.620
0.310 0.190 0.260
0.250
1.630 1.047 1.270
1.250
0.380 0.175 0.200
0.185
1.239 0.445 0.600
0.580
0.340 0.200

0.275 0.165 0.180


0.165
* Volume Weighted Average Price

CODE

COUNTER

CLOSING
(RM)

+/
(RM)

VOL
(000)

VWAP*
(RM)

PE#
(X)

DY
(%)

MKT CAP
(MIL)

YEAR
HIGH

5.090

1.057
3.352
0.579
6.744

0.168
0.714

0.280
2.009

1.297
2.215

1.243
0.075
1.361
2.243
2.459
2.144
3.916
0.393
0.273
12.771

2.311
1.080
0.350
4.366
1.790

1.654

5.266
0.521
0.150
1.807
3.500

1.364
1.393
0.792

1.789
1.830

1.968
0.989
1.094

0.236

9.88
8.54
12.65
20.33

15.00

21.03

2.72
19.04
85.63
16.91
23.35

8.40
10.14
19.15
11.30

23.29

8.63

7.82
7.60

12.06
12.66
21.59
22.65

12.61
13.63
9.14

13.64

8.00
19.55

11.43
10.39
12.06
16.37
16.74
66.67
13.55

2.96
6.67
5.66
2.69

2.37

4.20

2.89

2.71
1.30
4.24

2.25
2.05
2.83
2.35

7.82
7.86

1.38
8.81

4.88
7.43
2.75

6.11
3.43
2.38

3.33
1.91

1.68
5.03

4.95
2.52
1.52

637.0
65.5
336.1
440.9
43.4
3,124.4
24.9
54.7
168.2
75.0
22.4
600.0
77.8
29.8
1,523.7
568.9
26.4
523.1
7.2
286.3
266.4
195.2
1,441.9
1,739.3
188.5
45.9
1,579.9
4.7
16.3
24.1
91.0
43.6
53.5
514.6
257.6
57.0
270.6
318.0
6,613.9
56.7
34.3
798.7
508.2
100.8
160.8
1,636.6
608.3
32.5
238.7
606.9
60.5
23.6
484.8
476.5
383.7
128.0
83.6
43.2

0.613 12.20
0.650
6.91
0.372 12.89
0.415

0.800 30.19
0.902

6.73
1.870 14.41
2.311 10.26
15.18
1.007
6.51
4.809 18.48
0.878 21.57
0.765
3.55

1.621 13.41
3.226 19.90
0.570 18.39

1.000
8.12
0.312

2.081
5.65
2.150
8.19

0.896
3.51

3400
1.252
8.42
0.840
7.25
0.310 281.82
0.952

2.203 11.27
0.602 21.82

1.183
7.94
0.100
7.69
3.570 23.88
0.575

18.18
0.321 15.31
0.385
6.49
2.076
6.14
0.461 14.42
0.148 41.67
0.901 49.73
1.771 17.40
0.565
1.87
0.120

3.25
6.20
1.89

3.60
4.37
1.94
2.14
1.30
4.46
2.80
2.50

2.92
1.17
1.48
2.17
1.75

1.92
2.71

1.98

4.00

2.25
1.67
0.87
5.93

5.60
0.88
2.65

1.63

1.69

13.6
297.4
196.0
300.4
102.0
276.4
161.9
143.7
1,000.5
1,976.1
203.1
646.6
11,632.1
344.0
271.5
5.7
22.9
943.9
11,602.4
296.4
116.2
438.4
58.3
1,058.9
664.0
206.1
106.2
22.8
837.2
300.2
71.8
519.3
1,070.3
392.8
105.0
501.1
31.7
584.6
441.2
2,197.9
102.5
192.2
138.9
80.2
43.8
912.5
2,234.0
67.3
101.4

54.05
1.56

1.70
1.40

3.33
1.38

1.34
2.38
5.10
5.49
1.08
3.78
5.55

5.00

3.82

2.98
3.46

5.74

6.07

1.15
1.68
4.60
1.81

4.29
4.35

2.36
1.01

3.74
5.05

1.45
2.05
1.96
2.38

3.81

1,493.3
75.8
3,594.2
27.2
6,540.0
10,054.7
240.4
26.3
1,232.9
130.9
19.1
3,578.4
69.7
13,961.5
1,242.9
244.9
40,371.3
125.5
544.6
2,392.2
183.3
40.8
2,888.8
517.8
1,600.2
601.5
2,825.2
75.2
3,999.0
499.8
161.9
5,087.7
74.8
283.0
300.2
334.7
53.0
81.0
50.4
84.5
74.7
536.2
222.0
101.9
820.1
376.0
762.5
8,154.3
731.5
441.9
1,701.0
45.4
297.4
12.9
52.9

3.980
0.366
0.884
1.495
1.380
0.802
0.488
1.349
0.205
0.290
2.800
1.800
4.970
9.850
3.110
0.500
4.000
0.355
8.210
1.341
3.720
0.015
0.455
6.759
0.920
1.124
1.969
0.285
0.430
0.395
1.897
0.400
1.506
4.328
1.380
0.650
0.275
0.460
0.350
0.735
1.849
2.455
1.756
0.165
6.663
1.000
2.670
1.450
1.471
0.757
0.840
2.430
1.340
9.040
2.450
0.515
0.090
0.195
0.299
2.520
0.910
0.115
0.937
0.860
2.027
0.130
2.750
0.464
0.495
1.057
1.360
0.135
1.304
1.550
0.295
0.220
1.760
25.650
0.250
6.140
0.215
0.370
4.170
3.259
2.660
0.210
1.127
0.295
0.450
0.663
1.486
0.570
0.145
2.372
0.220
0.255
1.273
1.337
1.970
8.270
0.930
2.180
1.489
2.607
2.832
0.140
2.385
0.420
1.539
1.703
14.666
1.850
0.370
0.240
6.840
0.990
1.760
0.550
3.620
1.015
2.989
1.170
1.228
0.600
2.040
0.815
2.424
0.515
4.590
1.300
0.065
3.144
1.370
1.715
FINANCE
14.849
2.380
4.197
10.903
10.594
4.588
1.843
4.400
9.430
5.100
0.420
1.237
13.500
10.100
16.148
2.630
0.779
0.990
0.245
0.555
17.000
0.980
3.200
8.658
1.174
2.173
1.590
1.346
20.100

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

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

5.060
0.900
1.060
3.340
0.590
6.740
0.285
0.160
0.715
0.150
0.280
2.000
0.415
0.745
1.290
2.300
0.590
1.240
0.080
1.370
2.220
2.440
2.120
3.910
0.385
0.255
12.780
14.000
0.105
0.375
2.270
1.080
0.350
4.360
1.780
0.640
1.640
2.020
5.270
0.530
0.150
1.800
3.500
1.260
1.370
1.390
0.785
0.385
1.790
1.830
0.660
0.590
2.020
0.990
1.100
0.800
0.240
0.420

-0.070

-0.020
-0.020
0.025
-0.020

UNCH
-0.005

-0.005
-0.090

-0.010
0.030

UNCH
0.005
-0.030
-0.030
-0.010
-0.020
0.040
-0.010
-0.035
-0.020

-0.500
UNCH
-0.010
-0.010
-0.020

-0.040

-0.020
0.025
0.005
UNCH
UNCH

0.020
-0.020
-0.015

UNCH
0.020

0.010
-0.005
UNCH

UNCH

177.5

119.2
39.8
17
147.3

17
296.7

10
3244.4

1922.2
27.7

333.1
33
1.1
70.3
126.7
901.2
1550.6
139.5
319
8

2844.2
10
17
24.7
22.6

309.3

2365.1
5.5
1
1398.7
1

2552.1
623.2
3399.6

169.4
138.1

22.2
49.7
107

797.3

7007
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
7070
3565
9679
7028
2283

ARK
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
VIZIONE
WCEHB
WCT
ZECON
ZELAN

0.280
0.615
0.645
0.370
0.420
0.800
0.915
1.550
1.870
2.310
0.560
1.000
4.800
0.880
0.775
0.855
1.280
1.620
3.220
0.570
0.680
1.000
0.310
2.080
2.140
1.510
0.885
0.340
1.250
0.840
0.310
0.940
2.220
0.600
1.150
1.180
0.100
3.570
0.570
1.700
0.320
0.400
2.050
0.460
0.150
0.910
1.770
0.565
0.120

0.005
-0.005
-0.010
0.005
-0.005
-0.005

-0.010
UNCH

-0.010
-0.050
-0.005
-0.005

-0.020
-0.020
UNCH

-0.010
-0.005
-0.020
-0.010

-0.010

0.030
-0.010
UNCH
0.005
-0.010
-0.015

-0.010
-0.005
-0.010
-0.015

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

57.1
26
789.4
91
25
72

63.2
1178.9

2325.6
2299.9
458.4
47.3

158.5
6676.9
267

511.3
700
256.1
138.4

44

1171.8
23.8
79
3571.7
20.8
1308.1

260.2
304
1
1713.7

135.2
20.8
319.8
6.2
2374.9
107
2758.8
10
664.2

5238
5166
6599
7315
5099
5014
5115
0159
6351
7083
5194
5210
1481
6399
7048
7579
6888
5021
7251
5248
7241
6998
5032
5275
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
4456
5216
2097
5259
5036
7471

AAX
AEGB
AEON
AHB
AIRASIA
AIRPORT
ALAM
AMEDIA
AMWAY
ANALABS
APFT
ARMADA
ASB
ASTRO
ATLAN
AWC
AXIATA
AYS
BARAKAH
BAUTO
BHS
BINTAI
BIPORT
BISON
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
DNEX
DSONIC
EASTLND
EATECH
EDARAN
EDEN

0.360
0.185
2.560
0.170
2.350
6.060
0.260
0.110
7.500
2.180
0.040
0.610
0.105
2.680
4.900
0.930
4.500
0.330
0.660
2.080
0.400
0.190
6.280
1.670
0.325
1.590
0.565
0.320
2.960
0.165
0.685
2.510
0.320
1.300
2.980
0.870
0.415
0.480
0.070
0.690
0.035
2.120
1.490
0.055
0.935
0.940
0.660
1.520
4.640
0.255
1.260
0.185
0.590
0.215
0.170

UNCH 7357.2
-0.005
43
-0.020
54.2
UNCH
30.5
UNCH 7146.4
-0.130
678.4
-0.010 2641.3
-0.010
5591

UNCH
5844
-0.010 5228.1
UNCH
153
0.010
532.6

0.005 4323.6
-0.020 3450.6
-0.010
163
UNCH
48
-0.020
142.9
-0.005
102.2
UNCH
287.6

-0.030
45
UNCH
985.5
UNCH
121
0.005
4
UNCH
22.9
-0.030 1374.6
UNCH 28483.1

0.040
632.9
0.010
689.4
-0.040
6
0.040
4
-0.010
80.7
-0.035
5.1
-0.015
45
UNCH
31
0.010
34

-0.020
787
0.020
628.9
UNCH 2237.1
-0.030 1353.1
-0.010
2
-0.015 1099.5
UNCH 7902.1
-0.010
13
UNCH 3508.7
UNCH
699.4
0.005
6.5
-0.010
657.9

-0.015
691.6

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

0.363
0.185
2.586
0.165
2.357
6.073
0.262
0.115

0.040
0.607
0.105
2.672

0.924
4.504
0.337
0.655
2.061
0.400
0.186

1.683
0.327
1.588
0.565
0.272
2.979
0.163

2.481
0.305
1.300
2.980
0.870
0.415
0.473
0.070
0.685

2.105
1.476
0.055
0.948
0.940
0.669
1.520
4.636
0.255
1.260
0.197
0.586

0.171

3.60

39.26
15.32
3.07

25.56
9.03

20.44
24.49
11.22
30.99
7.64
21.57
14.50

19.42

31.49

13.93
16.02

23.44
50.00
40.50
6.30
16.35
61.94
14.50

5.58
23.33
11.13
14.61

33.75
13.58
19.41
25.04
15.50
1.99
22.66

7.14

YEAR
LOW

DAY
HIGH

DAY
LOW

2.958 3.360
3.250
0.220 0.245
0.240
0.759 0.840
0.800
1.084 1.150
1.150
1.100 1.240
1.200
0.540 0.550
0.540
0.395 0.405
0.400
1.102 1.140
1.140
0.125 0.165
0.160
0.110

2.131 2.540
2.500
1.460 1.730
1.700
3.977 4.620
4.550
6.965 7.900
7.770
1.133 3.060
3.020
0.300 0.460
0.455
2.197 4.000
3.890
0.200

5.928 8.200
8.130
0.755

2.665 3.300
3.300
0.005 0.010
0.005
0.295 0.365
0.360
6.150 6.390
6.340
0.725 0.900
0.870
0.760 0.900
0.800
1.340 1.650
1.630
0.210 0.250
0.235
0.300

0.180 0.215
0.185
1.630 1.710
1.690
0.226 0.285
0.280
1.080 1.110
1.110
4.040 4.160
4.150
0.923 1.140
1.130
0.490 0.515
0.500
0.115 0.125
0.120
0.232 0.405
0.395
0.250 0.305
0.300
0.420 0.435
0.425
1.376 1.450
1.440
2.133 2.180
2.160
1.260 1.410
1.390
0.145 0.150
0.150
5.225 6.020
5.930
0.510 0.690
0.685
1.891 2.160
2.150
0.810 1.030
1.020
1.020 1.040
1.020
0.556 0.605
0.600
0.570

1.618 2.230
2.200
0.840 0.900
0.885
6.789 7.350
7.210
1.580 2.340
2.320
0.215 0.220
0.215
0.060

0.115 0.125
0.115
0.195 0.230
0.220
2.100 2.330
2.300
0.610

0.065 0.090
0.085
0.660

0.647 0.775
0.770
1.329 1.870
1.850
0.070 0.075
0.075
1.890 2.400
2.310
0.390

0.435 0.450
0.450
0.620 0.645
0.635
1.013 1.150
1.150
0.055 0.070
0.060
0.881 0.940
0.935
1.540

0.040 0.055
0.050
0.115 0.130
0.130
1.440 1.610
1.600
21.786 23.660 23.520
0.030

5.190 5.200
5.190
0.125

0.205

1.968 3.870
3.810
1.690 2.130
2.120
1.650 1.650
1.650
0.155 0.165
0.155
0.774 0.875
0.870
0.150 0.285
0.275
0.315

0.528 0.560
0.555
0.606 1.340
1.310
0.400

0.105

1.824 2.100
2.060
0.090 0.125
0.115
0.130 0.150
0.150
0.959

1.090 1.110
1.100
1.303 1.450
1.400
6.769 8.110
8.040
0.660 0.700
0.660
1.290 1.670
1.620
1.240 1.280
1.260
2.130 2.240
2.230
2.242 2.360
2.350
0.045 0.060
0.055
1.820

0.245 0.260
0.250
1.144 1.490
1.480
1.372 1.520
1.500
12.313 13.780 13.660
1.480 1.580
1.570
0.275 0.360
0.325
0.060 0.135
0.125
5.890 5.970
5.920
0.630 0.960
0.950
1.095 1.590
1.580
0.330 0.450
0.450
2.520 3.560
3.560
0.765

2.500

0.720 0.800
0.785
1.006 1.070
1.070
0.365 0.495
0.420
1.300 1.480
1.450
0.560

1.700 1.700
1.700
0.410

3.501 4.330
4.260
0.921 1.220
1.210
0.020

2.376 2.940
2.890
0.705 1.280
1.240
1.404 1.560
1.530
10.305
2.047
2.949
9.580
9.572
3.855
1.350
3.170
7.748
3.726
0.310
1.150
12.649
7.327
12.380
2.076
0.635
0.843
0.105
0.430
14.541
0.549
2.690
7.500
0.685
1.595
1.160
1.251
17.221

14.280
2.380
3.730
10.200

4.360

4.320
8.900
4.580
0.340
1.170
13.260

14.940

0.720
0.940
0.170
0.440
16.600
0.900

7.880
0.935
1.960
1.190

19.740

14.040
2.360
3.690
10.140

4.280

4.300
8.770
4.540
0.340
1.170
13.160

14.740

0.710
0.940
0.160
0.430
16.560
0.900

7.760
0.910
1.940
1.160

19.680

CODE
1368
0064
5081
5208
5056
6939
9318
7210
0128
9377
5209
0078
4715
3182
3204
7676
7668
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
0186
5272
0037
8885
8567
5147
7185
9113
0099
7158
7045
7053
9792
5250
4197
9431
5218
5242
6084
9865
1201
6521
5173
8524
5140
5347
8702
7228
7206
4863
0101
8397
7218
5711
5167
7137
5243
7091
5754
7250
7240
5016
7692
5246
5267
7122
7293
7066
4677
5139
5185
2488
1163
1163PA
1015
5088
5258
1818
1023
2143
5228
5819
5274
1082
6688
3379
3379PA
3441
6483
8621
1198
1058
1155
1171
6459
5237
6009
1295

COUNTER

CLOSING
(RM)

+/
(RM)

VOL
(000)

VWAP*
(RM)

PE#
(X)

DY
(%)

MKT CAP
(MIL)

4.49

2.68
3.48
0.60
4.63
1.48
4.39

3.48
0.59
1.60
0.45
2.58

3.81

4.28
2.42
4.55

0.47
2.84
3.33
2.12

5.26
1.79
1.80
1.58
3.51

1.25

4.86
6.19
3.93
4.67
3.32

2.79

8.82
7.13

3.15

4.50
1.63
2.73

0.78

1.50
0.78
3.24

5.00
3.69

3.26

3.19

1.09
2.55

3.85
4.36

3.05
1.53

4.37
1.79

3.57
3.38

4.29

6.99
11.82
1.62
3.35
1.52
0.83
1.27
8.04
1.48

3.50

5.37
3.00
2.33
12.74

3.60
0.15
3.16

1.05
6.37
2.33

3.11

3.82

3.06
1.23

0.69

6.21

2,777.6
170.2
198.5
149.5
387.5
286.1
194.6
207.8
168.5
24.1
3,235.7
2,351.5
27,077.5
29,175.2
1,134.0
108.6
796.6
35.2
20,365.6
330.3
226.0
63.3
429.7
52,189.0
156.7
65.2
231.0
36.4
62.4
23.3
482.6
62.3
110.6
4,413.8
568.9
76.1
50.3
222.6
54.5
98.4
396.5
3,134.3
7,000.0
158.1
45,212.1
685.0
840.0
93.7
1,131.4
1,012.3
26.0
892.2
1,432.0
32,273.2
7,095.0
35.8
60.7
366.6
719.1
5,553.7
53.5
77.7
68.4
671.0
857.0
76.8
565.9
112.0
332.8
705.6
381.0
56.5
302.4
1,198.8
69.3
25.5
1,205.9
23,405.8
2.8
1,348.8
92.1
14.3
2,998.0
1,026.1
165.0
182.9
772.8
372.2
279.0
379.5
180.9
77.1
27.2
746.5
220.5
351.3
53.8
822.9
1,751.4
54,814.8
26.8
9,767.2
209.5
1,654.4
144.0
212.6
576.4
312.0
1,802.1
300.0
77,663.1
194.8
133.5
145.7
22,359.7
1,664.4
669.9
18.4
243.9
84.8
105.0
1,718.8
139.2
54.8
421.9
92.4
114.2
18.8
14,560.7
219.6
15.2
3,180.0
471.6
16,693.2

4.22
3.38
4.02
0.64
0.78
3.62
3.68
3.01
3.94
4.16

5.77
3.12
1.20
2.58
1.15
1.41
4.26

4.53
6.67
2.94
6.44
3.19

6.54
2.95

2,050.6
4,604.8
5,774.4
1,760.9
878.7
12,900.7
290.4
6,863.1
4,762.1
40,528.5
97.4
284.4
28,527.2
2,464.0
16,914.4
666.0
492.3
124.6
102.8
314.3
5,497.7
246.2
619.3
79,099.2
5,276.9
623.2
836.6
319.7
76,400.5

EDGENTA
EFFICEN
EIG
EITA
ENGTEX
FIAMMA
FITTERS
FREIGHT
FRONTKN
FSBM
GASMSIA
GDEX
GENM
GENTING
GKENT
GUNUNG
HAIO
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
PTRANS
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

3.340
0.240
0.840
1.150
1.240
0.540
0.405
1.140
0.160
0.180
2.520
1.700
4.560
7.780
3.020
0.460
3.940
0.220
8.180
0.825
3.300
0.005
0.365
6.340
0.880
0.900
1.650
0.240
0.315
0.185
1.710
0.280
1.110
4.150
1.140
0.515
0.125
0.400
0.300
0.425
1.440
2.180
1.400
0.150
6.020
0.685
2.150
1.020
1.020
0.600
0.620
2.220
0.895
7.230
2.330
0.220
0.080
0.125
0.225
2.310
0.890
0.090
0.665
0.770
1.850
0.075
2.330
0.400
0.450
0.645
1.150
0.065
0.940
1.540
0.055
0.130
1.610
23.560
0.055
5.200
0.140
0.285
3.830
2.120
1.650
0.160
0.870
0.280
0.325
0.560
1.330
0.415
0.120
2.100
0.115
0.150
1.030
1.100
1.420
8.060
0.660
1.630
1.260
2.240
2.360
0.055
2.000
0.260
1.490
1.500
13.740
1.570
0.350
0.130
5.950
0.960
1.580
0.450
3.560
0.785
2.580
0.795
1.070
0.495
1.450
0.700
1.700
0.420
4.270
1.220
0.025
2.910
1.240
1.530

0.040
111.5
-0.005
174
UNCH
9.2
-0.020
2
0.010
85
-0.005
291
UNCH
265
UNCH
10
-0.005 5590.2

-0.020
438.6
-0.020
41.9
-0.040 3303.6
-0.140 2388.1
-0.030
682.2
UNCH
16
0.170 1383.2

0.020
470.2

UNCH
4.1
UNCH
394
-0.005
875
-0.020 2905.2
-0.015
168
0.140
77.8
UNCH
30.7
-0.020
231.8

-0.010
211.2
UNCH
265.9
-0.005
92
UNCH
35
-0.020
29.5
UNCH
151.6
UNCH
7.5
UNCH
22
-0.005
533.1
UNCH
45
-0.020
18
UNCH
106
0.020
157.1
0.010
137.9
UNCH
15
0.060 1552.7
-0.010
67.7
-0.010
6
-0.010
52
-0.010 6502.1
UNCH
56

-0.010
725.8
0.005
164.2
-0.170
544.1
0.010
339.9
UNCH
32.5

0.005
217.7
UNCH 3614.1
-0.010 9907.6

0.005
100.3

-0.005
207.9
-0.030
978.6
UNCH
10
-0.070
454.6

UNCH
116.5
0.005
267.6
-0.010
10
-0.005 3087.2
0.015
23

UNCH 2787.8
-0.010
60
0.010
364.5
0.040
501

UNCH
7.1

UNCH
191.6
-0.020
715.9
-0.020
1
-0.005
413.7
-0.005
117
-0.005 14096.7

UNCH
537
-0.020
85.7

0.010
404.1
-0.010
1007
UNCH
300

-0.010
803.7
-0.030 1298.2
UNCH 5574.1
-0.085
2.4
-0.050 14660.8
-0.030
73.3
UNCH
33.5
0.040
2.2
UNCH 6556.9

UNCH
50
UNCH
256
-0.020
45
-0.020
9963
-0.010
346.3
UNCH 2663.4
-0.010 4482.2
UNCH
1064
0.005
203
-0.020
37.6
-0.030
0.9
UNCH
194.8

-0.015
524.8
-0.010
50
0.075
15.1
-0.030
216

-0.040
0.5

-0.030
476.2
-0.030
7.9

0.020
375.7
-0.040 1592.1
-0.030 2252.1

3.324 30.93
0.245
4.05
0.839 11.76
1.150
9.55
1.226
7.82
0.547 11.13
0.403 45.00
1.140 10.29
0.162 18.60

2.516 26.14
1.713 62.04
4.579 16.83
7.796 21.57
3.041 14.35
0.458

3.937 19.29

8.171 19.38

6.04
3.300 12.89
0.006

0.365

6.349 48.69
0.892

0.875

1.643 23.71
0.246

0.191

1.697
8.01
0.283

1.110

4.150 35.50
1.133
4.59
0.507
4.69
0.122

0.401 10.13
0.305 29.41
0.433

1.442
8.48
2.177 16.86
1.396
2.86
0.150
9.32
5.999 22.86
0.688

2.155 12.09
1.024 143.66
1.029

0.601 12.02
23.31
2.220
6.46
0.889

7.241 11.50
2.330

0.217

6.90
0.120

0.227 20.27
2.316 35.70

0.085
2.47
12.36
0.771 14.47
1.856 14.79
0.075

2.344 48.44
12.46
0.450 10.54
0.642

1.150
7.09
0.065

0.940

0.055

0.130

1.608 28.20
23.558 31.54

5.199 21.55

3.839 27.47
2.120 96.80
1.650

0.160

0.873 11.42
0.280 13.86

0.556

1.329 23.37

2.067 16.87
0.119

0.150

4.71
1.103 37.80
1.422 29.71
8.061 19.71
0.695 18.13
1.640

1.262 38.41
2.240 13.80
2.356 19.90
0.055
7.97
11.53
0.257 89.66
1.490 19.38
1.505
9.51
13.737 10.52
1.572

0.340

0.132

5.949 27.52
0.951 86.49
1.580
6.92
0.450 53.57
3.560

27.64
12.72
0.794

1.070 13.38
0.421

1.454 11.70
64.81
1.700

14.95
4.276 23.68
1.216 15.27

2.905 14.04
1.252 20.81
1.540 18.46

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

14.240
2.370
3.730
10.140
10.020
4.280
1.360
4.320
8.880
4.570
0.340
1.170
13.160
9.980
14.740
2.610
0.710
0.940
0.165
0.435
16.560
0.900
3.060
7.760
0.910
1.950
1.170
1.300
19.680

-0.040
UNCH
0.020
-0.020

-0.080

0.020
0.100
0.030
0.010
UNCH
-0.080

-0.160

-0.005
0.005
-0.005
UNCH
-0.040
-0.005

-0.110
0.010
0.010
-0.020

-0.060

14.252
2.371
3.712
10.175

4.298

4.310
8.856
4.562
0.340
1.170
13.187

14.764

0.712
0.940
0.168
0.432
16.583
0.900

7.800
0.924
1.942
1.181

19.700

208.5
1358.1
425.7
260.9

1073.7

279.4
247.3
7976.9
14.1
3.1
790.1

76.1

238.3
7.2
1313.1
63.2
25.9
217.5

7557.1
16459
162.8
420.9

3292.7

9.08
9.40
10.72
5.57

10.24
19.71
11.69
24.55
11.15
77.27
10.35
13.17
36.25
12.25
18.76
2.85

19.16
12.00
21.90
24.23
12.62
22.52
34.57
15.58

14.57

Markets 2 7

FR IDAY DECEMB E R 23 , 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

1.440 0.667
6.217 4.514
0.610 0.435
4.440 3.673
1.720 1.063
PROPERTIES
0.888 0.740
1.200 0.760
0.448 0.345
0.210 0.145
0.630 0.415
0.665 0.440
1.010 0.710
1.250 0.900
1.742 1.394
1.629 1.201
2.376 2.063
0.910 0.505
1.838 1.364
0.280 0.225
1.510 1.200
0.900 0.580
2.290 1.700
0.870 0.710
0.563 0.443
0.846 0.680
0.438 0.361
0.557 0.290
1.357 1.023
0.600 0.370
1.432 1.050
0.660 0.442
1.100 0.878
2.658 2.171
2.570 1.949
0.500 0.340
1.140 0.755
0.235 0.160
0.060 0.040
1.008 0.820
1.390 1.000
0.425 0.290
1.368 1.110
1.790 1.258
0.285 0.220
1.310 0.915
1.700 1.187
0.768 0.551
2.650 2.106
1.300 0.750
0.590 0.455
1.070 0.640
0.356 0.250
2.929 1.982
0.395 0.270
0.255 0.085
1.420 1.020
1.160 0.610
0.385 0.230
2.740 1.350
3.216 2.446
1.647 1.390
1.599 1.263
0.585 0.280
1.893 1.550
0.285 0.220
1.400 0.900
0.795 0.670
1.051 0.785
0.635 0.375
3.088 2.625
0.175 0.130
0.933 0.710
5.482 4.450
3.560 2.588
1.040 0.810
3.188 2.790
0.778 0.625
0.285 0.215
7.200 5.903
0.065 0.035
1.580 1.200
0.135 0.055
0.420 0.170
0.090 0.040
1.930 1.350
1.149 0.923
1.250 0.907
2.770 1.896
1.226 0.935
1.279 0.846
1.840 1.470
0.710 0.550
MINING
1.300 1.150
PLANTATIONS
0.367 0.195
19.000 16.414
9.178 8.380
1.620 1.259
0.970 0.620
8.212 7.336
0.550 0.385
8.200 7.150
2.520 1.293
11.495 9.944
0.675 0.500
1.580 1.099
1.000 0.790
2.540 2.155
3.746 3.220
0.735 0.646
1.270 0.550
4.985 4.025
25.000 21.774
3.349 2.991
3.500 2.731
0.645 0.450
1.580 1.160
1.750 1.300
0.980 0.770
2.589 1.922
4.434 3.693
0.350 0.190
1.220 0.920
0.675 0.470
4.080 3.400
3.278 2.900
0.825 0.450
4.686 3.292
2.062 1.700
0.793 0.626
1.340 1.050
1.880 1.310
2.177 1.800
6.124 5.530
28.117 23.704
HOTELS
0.637 0.502
1.120 0.680
0.345 0.115
5.868 4.774
TECHNOLOGY
0.850 0.585
0.335 0.180
0.150 0.090
0.405 0.250
0.240 0.110
0.210 0.150
1.710 1.330
1.949 0.782
1.460 0.902
1.010 0.710
0.295 0.210
0.289 0.175
6.540 2.686
0.660 0.510
3.841 2.515
0.165 0.075
0.804 0.482
9.990 3.849
0.235 0.060
10.367 6.647
1.400 0.845
0.449 0.352

1.390
4.750
0.455
4.190
1.460

1.350
4.680
0.450
4.140
1.430

9296
1066
4898
6139
5230

0.780
1.000

0.150

1.510

2.200
0.555
1.430
0.260
1.370
0.590
2.010
0.780

0.720
0.385
0.300
1.150
0.400
1.080
0.585

2.460
2.040
0.435
0.850

0.870
1.010
0.315
1.180
1.680
0.260
1.310
1.460
0.695
2.490
0.900
0.490
0.785

2.880
0.275
0.110
1.370
0.850
0.245
1.420

1.430
1.370
0.510
1.620

0.930

0.810

2.960
0.150

4.510
3.220
0.995
3.030
0.630
0.245

0.040
1.420

0.045
1.700
1.010
1.080
2.350
0.970

1.500
0.570

0.770
1.000

0.150

1.460

2.180
0.540
1.420
0.250
1.360
0.580
2.010
0.775

0.685
0.385
0.300
1.120
0.380
1.060
0.580

2.430
2.020
0.430
0.840

0.820
1.010
0.305
1.180
1.670
0.245
1.260
1.440
0.680
2.460
0.900
0.480
0.770

2.850
0.270
0.110
1.320
0.700
0.240
1.410

1.410
1.350
0.505
1.560

0.920

0.810

2.910
0.140

4.500
3.200
0.970
2.970
0.630
0.235

0.035
1.380

0.040
1.670
0.995
1.060
2.320
0.935

1.480
0.565

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
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

1.380
4.680
0.450
4.150
1.450

-0.010
-0.020
-0.005
UNCH
UNCH

318.7
504.4
120.8
462.9
1391.5

1.365
4.697
0.454
4.173
1.449

8.03
8.06

19.57
12.54

2.54
1.07
1.22
3.78
3.45

480.4
18,767.0
770.4
3,406.9
1,090.1

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
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

0.780
1.000
0.400
0.150
0.450
0.625
0.850
1.160
1.510
1.380
2.180
0.540
1.430
0.260
1.370
0.590
2.010
0.775
0.500
0.690
0.385
0.300
1.150
0.400
1.060
0.580
1.000
2.430
2.040
0.430
0.840
0.170
0.040
0.870
1.010
0.310
1.180
1.680
0.255
1.310
1.450
0.680
2.480
0.900
0.490
0.785
0.265
2.860
0.270
0.110
1.350
0.850
0.245
1.410
2.860
1.410
1.360
0.510
1.620
0.230
0.920
0.675
0.810
0.375
2.960
0.150
0.750
4.510
3.210
0.990
3.030
0.630
0.235
6.650
0.040
1.390
0.055
0.195
0.045
1.670
1.000
1.060
2.330
0.970
1.260
1.500
0.565

0.010
UNCH

UNCH

UNCH

-0.020
UNCH
UNCH
UNCH
UNCH
-0.010
UNCH
UNCH

0.010
-0.005
UNCH
UNCH
0.005
-0.010
UNCH

-0.020
0.010
-0.005
-0.010

UNCH
UNCH
-0.005
0.010
UNCH
0.010
0.050
-0.010
-0.010
UNCH
UNCH
UNCH
0.015

-0.010
-0.005
0.010
UNCH
0.150
0.005
-0.010

UNCH
-0.010
0.010
0.010

-0.010

UNCH

0.090
0.010

UNCH
-0.020
0.010
0.060
0.005
-0.010

UNCH
0.010

0.005
-0.040
0.005
-0.010
-0.020
0.030

UNCH
UNCH

18.3
6

240

36.1

353.5
25
48.5
2935.8
336.4
50.5
10
35

842.1
79.6
369.7
47.6
12.4
462.6
81.5

110.1
1176.4
55
182.3

18.5
333.5
333.8
10
1066.1
1257.3
1091.4
180.7
72.4
143.3
1
7
40

451.5
93.6
5
1818
61
43
61.7

489.7
916.9
118
0.9

35.6

34

26.9
183.1

42.2
13
86
222.9
12
1854.3

2410
45.2

788
249.8
2100.7
839.8
6.5
210

92.4
142.4

0.777
1.000

0.150

1.462

2.192
0.547
1.425
0.259
1.364
0.582
2.010
0.776

0.693
0.385
0.300
1.127
0.382
1.070
0.580

2.445
2.027
0.433
0.842

0.826
1.010
0.310
1.180
1.678
0.257
1.289
1.446
0.686
2.471
0.900
0.487
0.774

2.866
0.272
0.110
1.354
0.803
0.242
1.416

1.412
1.361
0.510
1.567

0.923

0.810

2.951
0.142

4.506
3.214
0.973
3.002
0.630
0.240

0.040
1.411

0.044
1.692
0.998
1.071
2.331
0.940

1.498
0.565

37.68
15.41

1.74
6.22

7.42
5.96
22.52

12.56
25.18
20.00
23.73
35.07
3.34
3.40
6.45

8.29

4.04
9.03
12.72
10.50
7.38
18.86

6.25

5.72
4.72
4.16
4.23
11.59

1.50
9.93
7.95
8.46
15.41

7.14
3.31
5.85
18.37

22.73
50.60
14.00

10.43
7.70
9.64

12.22
4.90
1.44

16.53
52.08
9.20
18.99
11.00
3.14
13.44
19.60
9.25
8.87
38.52
27.37

5.48

9.10
16.95
31.18
8.13
42.73
16.22
22.62
42.48

3.85

5.00

1.18

3.31
7.25
2.29

1.40

1.49

4.00
5.80
2.60
1.67
1.74

9.20
2.24
3.50
4.12
3.92

1.76

3.45
6.93
6.45
5.93
2.08

6.11
4.48
3.68
5.91
2.22

8.08
2.45
11.11

1.85

2.80
3.55
6.07

2.78

3.26
0.68
3.09

6.76

2.67
2.66
5.19

3.63
3.17
1.40
1.50

6.47

0.30
7.00
1.51
6.44
3.09

472.3
365.1
116.5
148.9
185.6
129.2
946.1
319.8
423.5
138.0
462.6
167.1
1,805.1
208.8
3,831.5
164.4
273.8
99.2
70.2
502.2
144.6
136.4
805.5
16.0
373.1
581.9
496.4
3,316.5
9,024.2
210.7
618.8
128.9
231.1
166.8
1,047.9
346.7
92.1
1,077.2
92.2
436.1
3,493.7
304.9
1,418.2
1,201.3
241.4
209.7
68.1
1,199.7
326.0
31.6
2,894.5
48.0
187.2
352.5
414.3
1,978.1
575.2
105.0
618.1
79.6
128.4
158.5
345.2
91.1
716.7
31.5
366.8
1,549.7
9,159.8
790.8
6,250.8
195.3
1,250.6
497.8
168.8
593.7
19.5
73.5
62.6
673.6
1,447.5
4,809.7
3,803.7
472.7
251.2
793.5
477.1

0.71

147.3

0.208

18.195
8.94
8.500 88.54
1.600 14.49
0.892 18.80
31.93
0.395

10.79
1.622

10.658 37.08
0.604
2.28
43.70
0.820

2.509 17.27
3.413 39.81
0.670

1.122 21.32
4.395 19.16
23.736 15.88
3.280 30.20
3.365 15.82
0.541 65.06
1.550 40.26

0.920 35.94
2.250
5.35
4.010 100.00
0.225

1.020

0.496

50.86
2.930 52.70
34.09
3.693 12.02
1.723 25.98
0.680 10.37
1.113 15.53
1.872 16.02
1.870 287.69
5.832 21.43
0.000 18.56

3.03
0.24
8.75
1.68
2.05

3.05
2.47
0.47

3.39

3.19
1.46
1.75

1.82
2.11
0.30
3.87
1.85

1.63
0.44
1.50

1.69
0.68

1.28
4.36
1.78

8.02
1.07
2.74
1.48

138.6
7,925.6
794.8
2,560.0
285.0
713.5
334.2
1,159.4
5,910.0
8,460.5
134.9
211.6
152.1
2,008.0
3,011.6
281.9
540.2
28,367.4
25,342.6
207.2
1,047.7
1,256.9
483.1
110.3
180.8
270.0
281.5
35.2
333.2
702.2
230.9
194.4
60.4
2,109.4
481.6
1,016.2
989.9
744.6
2,515.9
1,219.8
5,611.3

2186

KUCHAI

1.190

0.210
18.320
8.500
1.610
0.905

0.395

1.640
10.680
0.605

0.820
2.540
3.420
0.670
1.130
4.410
23.800
3.280
3.400
0.545
1.550

0.920
2.250
4.010
0.235
1.020
0.500

2.930

3.710
1.730
0.685
1.120
1.880
1.870
5.850
26.960

0.205
18.160
8.500
1.580
0.885

0.395

1.610
10.640
0.600

0.820
2.480
3.350
0.670
1.120
4.370
23.680
3.280
3.360
0.535
1.550

0.920
2.250
4.010
0.220
1.020
0.495

2.930

3.690
1.720
0.675
1.110
1.870
1.830
5.830
26.960

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
18.180
8.500
1.600
0.895
7.810
0.395
8.200
1.620
10.660
0.605
1.180
0.820
2.510
3.420
0.670
1.130
4.390
23.740
3.280
3.360
0.540
1.550
1.470
0.920
2.250
4.010
0.235
1.020
0.495
3.560
2.930
0.525
3.700
1.720
0.675
1.120
1.870
1.870
5.830
26.960

-0.045
UNCH
UNCH
-0.010
-0.010

UNCH

-0.010
UNCH
0.005

UNCH
0.030
0.020
UNCH
0.010
0.010
0.080
0.030
-0.040
UNCH
0.020

-0.020
-0.100
UNCH
UNCH
-0.010
-0.005

0.010

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

79.8
572
6.3
813.3
567.7

94.5

2158.6
194.6
64.3

34.4
432
13.3
10.2
129.1
2403.9
689
5.4
121.3
288
5

20
90
0.4
41
48.4
62.9

41.9
38
1074.2
100.9
36.5
17.1
214.8
120

0.520
0.700
0.140
5.200

0.510
0.690
0.135
5.190

5592
1643
1287
5517

GCE
LANDMRK
PMHLDG
SHANG

0.510
0.690
0.140
5.190

-0.010
-0.005
0.005
-0.140

19
91
25.3
2

0.520
0.693
0.136
5.200

20.49

3.92

2.70

100.5
331.8
130.0
2,283.6

0.600
0.200
0.110
0.300
0.120
0.175
1.390
1.220
1.420
0.870
0.275
0.190
3.690

3.300
0.120
0.510
9.760
0.080
7.770
1.020
0.420

0.600
0.195
0.105
0.290
0.120
0.170
1.380
1.190
1.400
0.860
0.270
0.180
3.570

3.240
0.115
0.500
9.750
0.070
7.570
0.995
0.415

7031
5195
0051
7204
8338
0029
5162
0065
0090
0021
0082
0056
7022
5028
0166
9393
5161
9334
0143
3867
5011
0083

AMTEL
CENSOF
CUSCAPI
D&O
DATAPRP
DIGISTA
ECS
EFORCE
ELSOFT
GHLSYS
GPACKET
GRANFLO
GTRONIC
HTPADU
INARI
ITRONIC
JCY
KESM
KEYASIC
MPI
MSNIAGA
NOTION

0.600
0.195
0.105
0.290
0.120
0.170
1.380
1.190
1.420
0.865
0.270
0.190
3.680
0.530
3.260
0.120
0.500
9.750
0.075
7.770
1.000
0.415

UNCH
-0.010
-0.005
-0.010
UNCH
0.005
UNCH
UNCH
UNCH
UNCH
-0.005
0.010
0.100

-0.040
0.005
-0.005
-0.120
UNCH
0.190
-0.020
UNCH

10
509
317.4
190.3
20
2138.7
13.9
141
93.7
1911.2
6572.5
29.9
365.1

440.5
111.7
861.8
57.2
102
46.3
4
382

0.600
0.199
0.105
0.293
0.120
0.170
1.382
1.197
1.413
0.865
0.275
0.182
3.638

3.262
0.115
0.505
9.750
0.076
7.705
1.009
0.417

7.33

29.90

5.99
8.93
41.75
13.31
33.27

29.53

20.52

12.85

9.82

20.65

4.35
2.52
3.40

2.63
1.63
3.77
2.42

10.00
0.31

2.96

29.6
97.8
45.7
287.0
50.6
86.8
248.4
246.2
385.8
566.3
186.4
91.8
1,037.4
53.6
3,164.4
12.3
1,038.1
419.4
63.1
1,630.8
60.4
112.2

* Volume Weighted Average Price

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

YEAR
HIGH

YEAR
LOW

DAY
HIGH

DAY
LOW

0.595 0.410

0.325 0.210 0.295


0.285
1.570 0.560 1.320
1.280
0.475 0.235 0.265
0.260
0.110 0.035 0.090
0.085
2.683 1.845 2.410
2.360
4.000 3.095 3.690
3.620
0.810 0.615 0.750
0.745
INFRASTRUCTURE PROJECT COMPANIES
5.234 4.151 5.000
4.950
6.060 4.719 5.810
5.770
1.560 0.880 0.900
0.890
0.500 0.330 0.335
0.335
8.420 6.712 7.830
7.800
1.539 1.295 1.440
1.420
CLOSED-END FUNDS
2.580 2.240 2.420
2.410
EXCHANGE TRADED FUNDS
1.124 1.052

1.780 1.550

1.425 1.015 1.330


1.320
1.785 1.645

1.020 0.910

0.944 0.850

1.175 1.035

1.075 0.974

REITS
1.090 0.960 0.990
0.985
1.670 1.223 1.530
1.520
1.070 0.856 1.050
1.030
0.844 0.656 0.780
0.775
0.935 0.787 0.930
0.920
1.129 0.994

1.788 1.413 1.600


1.590
1.610 1.270 1.560
1.530
1.669 1.399 1.550
1.550
1.710 1.216 1.600
1.580
7.906 6.560 7.790
7.710
1.287 0.928 1.240
1.220
1.890 1.386 1.740
1.730
1.809 1.330 1.700
1.680
1.220 1.170 1.180
1.170
1.870 1.451 1.750
1.740
1.207 0.925 1.080
1.070
SPAC
0.720 0.670

0.745 0.595 0.615


0.605
0.480 0.425

CODE

COUNTER

CLOSING
(RM)

+/
(RM)

VOL
(000)

VWAP*
(RM)

PE#
(X)

DY
(%)

MKT CAP
(MIL)

9008
0041
7160
9075
0118
5005
0097
0008

OMESTI
PANPAGE
PENTA
THETA
TRIVE
UNISEM
VITROX
WILLOW

0.460
0.295
1.290
0.265
0.090
2.380
3.690
0.750

0.005
-0.030
-0.005
UNCH
-0.020
0.090
-0.005

30
819
0.3
25050
1978
37.4
63.3

0.293
1.301
0.262
0.090
2.405
3.648
0.750

9.94
2.84

10.19
15.63
9.91

4.62
0.81
2.67

197.8
71.2
189.1
28.4
108.7
1,746.5
864.7
186.0

6947
6645
6807
5078
5031
6742

DIGI
LITRAK
PUNCAK
SILKHLD
TIMECOM
YTLPOWR

4.970
5.810
0.900
0.335
7.800
1.420

-0.010
-0.060
UNCH
-0.010
-0.070
-0.010

5171.7
5.4
345.2
26
35
2879.7

4.976
5.806
0.896
0.335
7.804
1.426

23.55
14.36

13.67
10.73

4.23
3.44

1.71
7.04

38,641.8
3,054.3
404.4
235.0
4,510.7
11,563.0

5108

ICAP

2.420

-0.020

2.419

10.50

338.8

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

ABFMY1
CIMBA40
CIMBC50
FBMKLCI-EA
METFAPA
METFSID
MYETFDJ
MYETFID

1.083
1.780
1.320
1.725
1.015
0.921
1.060
1.020

-0.020

20

1.322

5.24
3.69

1.91

2.33
2.24
3.09

1,430.0
2.4
14.6
2.9
19.3
48.8
295.8
52.6

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

0.990
1.520
1.050
0.780
0.930
1.090
1.600
1.540
1.550
1.600
7.710
1.220
1.730
1.680
1.180
1.750
1.070

UNCH
-0.020
UNCH
0.005
0.010

UNCH
-0.020
UNCH
0.020
-0.100
-0.010
-0.020
-0.010
0.010
0.010
UNCH

121.4
207
10.7
31.6
93.1

51.2
238.9
20
1160.5
104.7
299
43.6
2209.3
115.5
26.6
3740.9

0.990
7.38
1.521 15.65
1.039 15.40
0.776
8.36
0.920
8.82
11.51
1.600 15.36
1.545 18.12
1.550 281.82
1.582 21.33
7.734 11.98
1.230 11.74
1.739 18.48
1.681 15.30
1.173 11.79
1.749
6.77
1.070 334.38

6.57
5.08
3.05
6.41
6.87
5.14
5.09
5.32
6.77
5.08
4.62
10.40
4.80
5.55
5.87
6.24
8.07

217.8
1,106.9
609.0
535.4
533.1
132.8
1,768.3
3,128.4
621.0
5,589.6
13,919.1
1,303.0
5,229.0
4,947.7
331.0
740.0
1,823.7

CLIQ
REACH
SONA

0.720
0.615
0.475

UNCH

817.5

0.609

454.3
785.9
670.1

CLOSING
(RM)

+/
(RM)

VOL
(000)

VWAP*
(RM)

PE#
(X)

DY
(%)

MKT CAP
(MIL)

8846.7
130.9

47

0.203
0.265

0.029

14.71
13.50

2.97

160.0
215.6
100.6
70.5

5234
5256
5241

Ace Market
YEAR
HIGH

YEAR
LOW

DAY
HIGH

CONSUMER PRODUCTS
0.328 0.195 0.205
0.320 0.095 0.270
0.350 0.200

0.070 0.025 0.030


INDUSTRIAL PRODUCTS
0.280 0.140 0.155
0.095 0.030 0.035
0.590 0.245 0.260
0.162 0.080 0.120
0.642 0.430 0.460
0.640 0.250 0.280
0.125 0.065 0.070
0.245 0.140 0.245
0.140 0.085 0.120
0.180 0.120

0.150 0.050 0.065


0.487 0.307 0.405
0.195 0.115 0.145
0.190 0.060 0.065
0.060 0.035

0.155 0.100 0.120


0.210 0.120

0.225 0.110 0.145


0.263 0.171 0.185
TECHNOLOGY
0.320 0.100 0.300
0.550 0.160 0.205
0.370 0.100 0.370
0.520 0.155

0.300 0.100

1.190 0.710 0.950


0.075 0.030 0.035
0.080 0.020 0.025
0.130 0.060 0.070
0.350 0.180 0.205
0.090 0.050 0.085
0.875 0.815 0.825
0.050 0.030 0.045
0.115 0.070 0.075
0.085 0.040

0.968 0.230 0.270


0.085 0.070 0.075
0.240 0.110 0.130
0.854 0.460

1.690 0.410 1.670


0.335 0.130 0.135
0.080 0.030 0.040
0.320 0.155 0.310
0.325 0.045 0.045
0.300 0.050 0.240
0.750 0.420 0.545
1.880 0.980 1.010
0.576 0.375 0.505
0.135 0.060 0.070
0.070 0.040 0.045
0.719 0.443 0.535
0.245 0.065 0.070
0.290 0.145 0.170
0.195 0.065 0.070
1.045 0.735 0.780
0.060 0.020 0.025
0.095 0.035 0.040
0.125 0.075 0.080
0.819 0.555 0.605
0.420 0.267 0.340
0.730 0.140 0.175
0.110 0.035 0.065
0.255 0.135 0.140
0.125 0.055 0.060
0.653 0.429 0.585
0.060 0.010

0.484 0.225 0.290


0.100 0.055 0.060
0.300 0.160 0.180
0.130 0.025

0.315 0.232 0.310


0.180 0.080 0.115
0.240 0.140 0.235
0.190 0.110 0.150
0.375 0.165 0.375
0.291 0.155 0.165
0.135 0.065 0.075
0.060 0.025 0.040
0.180 0.085 0.090
0.600 0.505

TRADING SERVICES
0.300 0.150 0.230
0.125 0.060

0.060 0.035 0.055


0.275 0.160 0.175
0.379 0.213 0.330
0.260 0.170

0.665 0.390 0.425


0.760 0.320

0.475 0.235 0.255


0.250 0.130

0.515 0.340

0.230 0.155

0.225 0.135

0.335 0.230

0.303 0.210 0.250


0.020 0.005

0.370 0.150

0.630 0.285 0.290


0.620 0.480

2.244 1.659

0.213 0.135 0.170


0.575 0.445

0.050 0.025 0.030


1.490 0.955 1.120
0.200 0.100

0.230 0.100 0.105


FINANCE
0.530 0.395 0.405

DAY
LOW

CODE

COUNTER

0.200
0.265

0.025

0179
0170
0148
0095

BIOHLDG
KANGER
SUNZEN
XINGHE

0.200
0.270
0.210
0.030

-0.005
0.005

Unch

0.150
0.030
0.255
0.115
0.460
0.270
0.070
0.230
0.110

0.050
0.400
0.140
0.065

0.120

0.145
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

0.155
0.030
0.255
0.120
0.460
0.280
0.070
0.235
0.115
0.140
0.055
0.400
0.145
0.065
0.040
0.120
0.150
0.145
0.185

Unch 1779.1
-0.005
196
0.005
324.9
Unch
210.1
-0.005
71
0.005
16
Unch
238
0.005 2842.9
Unch 10549.8

-0.010 27258.5
-0.010
384.5
0.005
141.4
Unch 2142.3

-0.005
2.4

Unch
194.2
Unch
55

0.151
6.65
0.030

0.257 510.00
0.119

0.460 10.87
0.271

0.070

0.237
9.71
0.116

0.057

0.404 10.44
0.140 21.01
0.065
6.84

0.120
8.28
40.54
0.145

0.185 12.94

3.87

1.18

1.30

1.75

3.33

2.70

47.0
26.0
123.2
34.4
94.5
86.4
23.3
31.9
131.5
33.9
22.8
89.2
21.8
55.8
35.2
29.2
83.3
31.2
31.7

0.295
0.185
0.350

0.915
0.035
0.025
0.065
0.190
0.085
0.825
0.045
0.075

0.265
0.075
0.110

1.640
0.135
0.035
0.300
0.045
0.230
0.540
0.985
0.500
0.065
0.040
0.535
0.070
0.165
0.070
0.760
0.020
0.035
0.080
0.595
0.335
0.160
0.060
0.140
0.055
0.585

0.275
0.060
0.180

0.305
0.115
0.225
0.150
0.340
0.160
0.070
0.035
0.085

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

0.300
0.200
0.355
0.200
0.010
0.935
0.035
0.025
0.065
0.195
0.085
0.825
0.045
0.075
0.045
0.270
0.075
0.115
0.540
1.640
0.135
0.040
0.305
0.045
0.240
0.540
1.010
0.500
0.070
0.045
0.535
0.070
0.170
0.070
0.760
0.020
0.035
0.080
0.595
0.340
0.160
0.065
0.140
0.055
0.585
0.010
0.285
0.060
0.180
0.025
0.310
0.115
0.225
0.150
0.345
0.160
0.075
0.035
0.085
0.560

Unch 2522.4
0.015 7509.2
Unch 1929.6

0.020
695.1
Unch
30
Unch
44
-0.005
623.5
0.005
69.4
-0.005 6138.3
-0.005
22.6
0.005
1000
0.005
100

Unch 1835.8
-0.005
400.1
-0.015 20022.6

-0.030
112.5
Unch
49.5
Unch
291.6
-0.005 1474.1
Unch
813
Unch
36.1
0.005
18
Unch
7
-0.005
163.7
0.005
105.1
Unch
380
Unch
159
Unch 17028.7
0.005
45
-0.005
29.6
-0.025
24
Unch
337
-0.005
397.6
Unch
317.5
-0.010
124.5
-0.005
1005
-0.010
351
Unch
130
-0.005
310
Unch
262.5
Unch
101

-0.005 1326.7
Unch
145.6
Unch
50

Unch 1104.3
-0.020
3
-0.010
936.1
Unch
300
-0.010 4793.4
-0.005 3870.4
0.005
570
Unch 2112.4
Unch
65

0.300

0.196

0.358

0.932

0.035

0.025 10.87
0.069

0.194 39.80
0.085

0.825

0.045

0.075

0.266

0.075

0.119

150.0
1.656 13.63
0.135 38.57
0.035

0.305
8.66
0.045

0.234

0.543 30.68
1.003

0.503 14.66
0.065

0.043

0.535 11.24
0.070

0.168

0.070 13.21
0.769 31.02
0.020

0.039
5.38
0.080 66.67
0.597 12.77
0.340 17.35
0.170

0.064 12.75
0.140 30.43
0.059 34.38
0.585 15.35

0.284

0.060

0.180

0.305 11.23
0.115

0.232 33.58
0.150 150.00
0.356 29.24
0.161
7.92
0.070

0.035

0.086 425.00
21.46

3.70

1.85

3.70

2.20

3.74

2.63

3.36
2.94

1.43

6.84

3.51

4.29

0.89

7.14

249.8
87.8
100.7
23.3
8.1
412.7
17.1
33.9
96.9
178.6
66.1
29.0
13.0
19.8
22.3
164.2
17.4
258.4
68.0
202.9
63.8
31.2
75.7
26.4
47.8
55.9
169.0
153.4
13.1
42.9
87.2
26.5
120.8
17.8
362.1
25.0
65.9
54.7
95.9
101.3
21.3
20.8
78.1
59.6
110.8
2.0
57.0
33.3
53.5
8.7
94.3
13.9
71.4
61.9
38.2
517.5
25.0
18.0
16.5
756.0

0.230

0.050
0.175
0.330

0.420

0.250

0.240

0.285

0.165

0.030
1.120

0.100

0122
0048
0150
0187
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
BCMALL
BTECH
FOCUSP
HSSEB
INNITY
KTC
MCLEAN
MEGASUN
OVERSEA
PASUKGB
PINEAPP
PLABS
RA
RAYA
REDTONE
REV
SCC
SCH
STEMLFE
STERPRO
TEXCYCL
TFP
XOX

0.230
0.065
0.050
0.175
0.330
0.210
0.425
0.640
0.250
0.140
0.370
0.165
0.160
0.290
0.240
0.005
0.190
0.290
0.505
1.720
0.165
0.570
0.030
1.120
0.105
0.100

-0.005

-0.005
-0.005
Unch

0.005

-0.010

Unch

0.005

-0.005

Unch
Unch

-0.005

5031

10701
1215
20

86.6

299

188.4

26.5

525

100
7

873.3

0.230

0.055

0.175

0.330 13.31

0.420 11.81
17.53
0.252 312.50

4.56
18.50

0.243 15.00

0.288

8.22
10.86
0.166 42.31
316.6
0.030

1.120 26.92

1050
0.100

4.12

1.82

2.92

0.69

5.81
5.15

0.67

61.2
30.8
53.7
73.7
83.2
34.7
135.6
88.6
127.6
25.0
70.3
40.7
51.9
14.1
49.6
4.8
31.2
219.6
68.0
73.6
68.0
141.1
29.7
191.3
21.5
60.2

0.405

0053

OSKVI

0.405

-0.005

2.6

80.0

0.405

4.98

2 8 Markets

FR I DAY DEC EM B ER 2 3 , 2 0 16 TH EEDGE FI N AN C I AL DAI LY

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

Bursa Malaysia Equity Derivatives

YEAR
HIGH

YEAR
LOW

DAY
HIGH

DAY
LOW

CODE

Main Market & Ace Market Warrants

0.360

0.025

0.040

0.035

522215

0.255

0.035

0.055

0.050

522216

0.180

0.005

0.025

0.025

YEAR
HIGH

YEAR
LOW

DAY
HIGH

DAY
LOW

CODE

0.095

0.040

0.045

0.040

5238C2

0.130

0.065

0.065

0.065

0.125

0.090

0.090

0.150

0.045

0.045

0.080

0.010

0.340

WARRANTS

VOL PARENT
EXE
(000)
PRICE PRICE

PRM
(%)

EXPIRY
DATE

WARRANTS

CLOSE
(RM)

+/(RM)

VOL PARENT
EXE
(000)
PRICE PRICE

PRM
(%)

EXPIRY
DATE

FGV-C15

0.035

-0.010

1160

1.620

1.90

22.04

28/02/2017

FGV-C16

0.055

Unch

4140.1

1.620

1.95

30.56

09/05/2017

522220

FGV-C20

0.025

Unch

13.3

1.620

2.30

46.60

27/03/2017

CLOSE
(RM)

+/(RM)

AAX-C2

0.040

Unch

202

0.360

0.50

50.00

31/05/2017

0.160

0.030

0.030

0.030

522221

FGV-C21

0.030

Unch

995

1.620

2.55

61.11

30/08/2017

5238C3

AAX-C3

0.065

Unch

710.1

0.360

0.41

31.94

31/05/2017

0.145

0.115

0.125

0.120

522222

FGV-C22

0.120

-0.005

1380.5

1.620

1.65

22.59

30/06/2017

0.090

5238C4

AAX-C4

0.090

-0.010

100

0.360

0.39

31.94

28/08/2017

0.135

0.065

0.075

0.075

9318WB

FITTERS-WB

0.075

Unch

106

0.405

1.00

165.43

12/10/2019

0.045

5238CW

AAX-CW

0.045

Unch

350

0.360

0.42

29.17

10/04/2017

0.360

0.230

0.350

0.320

9261WB

GADANG-WB

0.340

0.010

7252.9

0.340

1.06

311.76

29/11/2021

0.010

0.010

5238CX

AAX-CX

0.010

-0.005

18

0.360

0.60

69.44

28/02/2017

1.410

0.805

1.240

1.210

5398WE

GAMUDA-WE

1.210

-0.030

378.4

4.800

4.05

9.58

06/03/2021

0.045

0.175

0.170

5238WA

AAX-WA

0.170

-0.005

590

0.360

0.46

75.00

08/06/2020

0.280

0.085

0.125

0.120

5226WA

GBGAQRS-WA

0.125

Unch

70.5

0.880

1.30

61.93

20/07/2018

0.230

0.050

0.215

0.210

0018WA

ACCSOFT-WA

0.215

Unch

3481

0.300

0.10

5.00

18/01/2019

0.260

0.095

0.150

0.145

471515

GENM-C15

0.145

-0.005

1160

4.560

4.40

6.03

31/03/2017

0.145

0.080

0.145

0.140

5185CU

AFFIN-CU

0.145

0.010

105.1

2.370

2.30

6.22

06/06/2017

0.175

0.125

0.135

0.125

471516

GENM-C16

0.125

-0.010

465

4.560

4.50

6.91

27/03/2017

0.275

0.130

0.275

0.265

5185CV

AFFIN-CV

0.265

0.005

41

2.370

2.15

1.90

31/07/2017

0.185

0.110

0.115

0.110

471517

GENM-C17

0.110

-0.005

100

4.560

4.80

13.71

28/04/2017

0.835

0.185

0.395

0.395

509930

AIRASIAC30

0.395

Unch

86

2.350

2.00

18.72

31/01/2017

0.160

0.125

0.125

0.125

471518

GENM-C18

0.125

-0.010

20

4.560

5.00

19.24

13/07/2017

0.460

0.125

0.145

0.135

509934

AIRASIAC34

0.135

-0.010

272

2.350

2.00

2.34

28/02/2017

3.200

2.360

2.870

2.870

2291WA

GENP-WA

2.870

Unch

0.2

10.660

7.75

-0.38

17/06/2019

0.460

0.140

0.150

0.145

509935

AIRASIAC35

0.145

-0.005

790

2.350

2.00

3.62

17/02/2017

0.190

0.025

0.035

0.025

318231

GENTINGC31

0.030

-0.005

336.4

4.560

8.30

87.28

31/03/2017

0.425

0.010

0.010

0.010

509937

AIRASIAC37

0.010

-0.005

120

2.350

2.45

5.32

30/12/2016

0.320

0.205

0.205

0.205

318233

GENTINGC33

0.205

-0.015

74.5

7.780

7.90

10.76

31/03/2017

0.280

0.045

0.055

0.045

509938

AIRASIAC38

0.050

Unch

98.2

2.350

2.65

20.21

28/04/2017

2.380

0.820

1.380

1.360

3182WA

GENTING-WA

1.370

-0.010

222

7.780

7.96

19.92

18/12/2018

0.150

0.100

0.100

0.100

509942

AIRASIAC42

0.100

Unch

30

2.350

2.70

31.91

28/08/2017

0.200

0.070

0.075

0.075

1147WA

GOB-WA

0.075

-0.010

0.300

0.80

191.67

24/12/2019

0.245

0.155

0.155

0.155

509946

AIRASIAC46

0.155

-0.005

600

2.350

2.50

26.17

31/05/2017

0.200

0.095

0.160

0.155

7676WB

GUNUNG-WB

0.160

Unch

137.2

0.460

0.40

21.74

02/10/2020

0.190

0.035

0.040

0.035

5014CP

AIRPORT-CP

0.040

Unch

103.9

6.060

6.45

11.06

28/04/2017

0.210

0.110

0.200

0.195

3034CU

HAPSENG-CU

0.200

-0.005

1.4

8.180

7.65

3.30

30/08/2017

0.260

0.160

0.185

0.180

7609WA

AJIYA-WA

0.180

-0.005

201.2

0.655

0.92

67.94

28/08/2021

0.150

0.110

0.125

0.110

5168CU

HARTA-CU

0.115

-0.015

470

4.700

5.00

16.17

13/07/2017

0.085

0.010

0.020

0.020

1015CW

AMBANK-CW

0.020

-0.010

100

4.280

4.70

12.15

22/02/2017

1.510

0.830

1.260

1.230

5095WB

HEVEA-WB

1.230

-0.040

93.1

1.480

0.25

0.00

28/02/2020

0.045

0.010

0.015

0.015

0159WA

AMEDIA-WA

0.015

-0.005

670

0.110

1.10

913.64

02/01/2018

0.130

0.065

0.080

0.080

5072WB

HIAPTEK-WB

0.080

Unch

30.9

0.285

0.50

103.51

23/06/2021

0.090

0.040

0.055

0.045

9342WA

ANZO-WA

0.055

Unch

22.7

0.245

0.25

24.49

19/11/2019

0.300

0.150

0.155

0.150

7213WB

HOVID-WB

0.150

-0.005

1597

0.335

0.18

-1.49

05/06/2018

0.270

0.050

0.265

0.255

0119WA

APPASIA-WA

0.255

Unch

1613.1

0.355

0.13

8.45

23/12/2024

0.010

0.005

0.005

0.005

7013WB

HUBLINE-WB

0.005

Unch

102.5

0.005

0.01

200.00

20/12/2020

0.135

0.005

0.005

0.005

521015

ARMADA-C15

0.005

Unch

30

0.610

0.80

31.97

28/02/2017

0.030

0.015

0.020

0.020

9601WD

HWGB-WD

0.020

Unch

418

0.055

0.18

263.64

15/03/2021

0.110

0.030

0.060

0.055

521020

ARMADA-C20

0.055

-0.010

400

0.610

0.68

19.67

18/05/2017

0.140

0.030

0.035

0.035

3336C1

IJM-C1

0.035

-0.005

121

3.220

3.45

9.32

31/03/2017

0.040

0.015

0.015

0.015

521021

ARMADA-C21

0.015

-0.025

0.1

0.610

0.72

19.67

18/05/2017

2.320

1.050

1.720

1.650

0166WB

INARI-WB

1.650

-0.080

44.4

3.260

1.60

-0.31

17/02/2020

0.175

0.055

0.080

0.080

0105WA

ASIAPLY-WA

0.080

Unch

15

0.155

0.10

16.13

13/12/2020

0.060

0.015

0.020

0.020

0094WA

INIX-WA

0.020

Unch

863.1

0.075

0.10

60.00

16/11/2020

0.035

0.010

0.010

0.010

0072WA

AT-WA

0.010

-0.005

50

0.030

0.09

233.33

28/01/2019

0.225

0.155

0.170

0.170

3379WB

INSAS-WB

0.170

Unch

55

0.710

1.00

64.79

25/02/2020

0.030

0.020

0.020

0.020

0072WB

AT-WB

0.020

Unch

100

0.030

0.03

66.67

17/10/2019

0.135

0.125

0.125

0.125

196113

IOICORP-C13

0.125

Unch

60.4

4.390

4.40

8.77

31/10/2017

0.130

0.070

0.105

0.100

688815

AXIATA-C15

0.100

-0.010

150

4.500

4.65

10.00

31/10/2017

0.120

0.045

0.045

0.045

5249CL

IOIPG-CL

0.045

Unch

157

2.040

2.38

23.28

28/04/2017

0.380

0.190

0.230

0.230

7078WA

AZRB-WA

0.230

0.005

10

0.615

0.70

51.22

13/05/2024

0.150

0.010

0.015

0.015

5175WA

IVORY-WA

0.015

Unch

28

0.430

0.75

77.91

26/04/2017

0.195

0.020

0.020

0.020

4162CF

BAT-CF

0.020

Unch

110

43.000

50.00

18.14

28/04/2017

0.065

0.020

0.025

0.025

0024WA

JAG-WA

0.025

-0.005

1905

0.115

0.10

8.70

14/08/2019

0.210

0.120

0.140

0.135

7241WA

BHS-WA

0.140

Unch

50.4

0.400

0.60

85.00

18/10/2020

0.125

0.005

0.010

0.005

5161CX

JCY-CX

0.010

Unch

946

0.500

0.60

22.00

14/03/2017

0.385

0.225

0.300

0.290

5258WA

BIMB-WA

0.290

Unch

124.9

4.320

4.72

15.97

04/12/2023

0.100

0.060

0.070

0.070

8923WA

JIANKUN-WA

0.070

Unch

127.4

0.240

0.32

62.50

23/12/2021

0.195

0.070

0.090

0.085

6998WA

BINTAI-WA

0.090

-0.005

0.6

0.190

0.20

52.63

15/06/2020

0.500

0.205

0.495

0.460

7167WA

JOHOTIN-WA

0.465

-0.020

9630.8

1.270

0.85

3.54

21/11/2017

0.050

0.020

0.020

0.020

3395C2

BJCORP-C2

0.020

-0.005

199.9

0.325

0.37

20.68

28/02/2017

0.155

0.085

0.105

0.100

4383CL

JTIASA-CL

0.100

-0.005

774

1.320

1.30

13.64

06/06/2017

0.160

0.065

0.070

0.070

3395WB

BJCORP-WB

0.070

0.005

292.1

0.325

1.00

229.23

22/04/2022

0.095

0.050

0.050

0.050

4383CM

JTIASA-CM

0.050

-0.010

100

1.320

1.50

21.21

27/03/2017

0.165

0.060

0.065

0.065

3395WC

BJCORP-WC

0.065

-0.005

3691.1

0.325

1.00

227.69

29/05/2026

1.550

0.640

1.170

1.150

7161WA

KERJAYA-WA

1.150

-0.010

33.8

2.080

0.88

-2.40

20/12/2017

1.630

0.810

0.880

0.880

5196WA

BJFOOD-WA

0.880

0.070

1.590

0.70

-0.63

08/08/2017

0.120

0.060

0.095

0.090

0151WA

KGB-WA

0.090

Unch

210

0.280

0.50

110.71

12/06/2019

0.065

0.035

0.050

0.045

7187WA

BKOON-WA

0.045

-0.005

254

0.115

0.20

113.04

07/07/2023

0.880

0.400

0.655

0.655

5171WA

KIMLUN-WA

0.655

Unch

40

2.140

1.68

9.11

12/03/2024

0.145

0.060

0.100

0.085

7036WB

BORNOIL-WB

0.090

-0.005

125.4

0.165

0.10

15.15

28/02/2018

0.100

0.020

0.025

0.025

7164WA

KNM-WA

0.025

Unch

441.5

0.335

0.98

200.00

15/11/2017

0.125

0.070

0.100

0.090

7036WC

BORNOIL-WC

0.100

0.005

5627.6

0.165

0.10

21.21

08/11/2025

0.150

0.095

0.120

0.110

7164WB

KNM-WB

0.110

-0.005

57.7

0.335

1.00

231.34

21/04/2020

0.135

0.060

0.070

0.060

9938WB

BRIGHT-WB

0.060

Unch

327.5

0.320

0.82

175.00

12/01/2019

0.585

0.070

0.075

0.070

7017WB

KOMARK-WB

0.075

Unch

60

0.270

0.30

38.89

21/01/2020

1.330

0.965

0.990

0.990

7174WA

CAB-WA

0.990

Unch

1.560

0.55

-1.28

08/02/2020

0.810

0.430

0.435

0.435

5878WB

KPJ-WB

0.435

-0.015

4.150

4.01

7.11

23/01/2019

0.150

0.045

0.055

0.045

5195WB

CENSOF-WB

0.055

Unch

463.8

0.195

0.46

164.10

07/10/2019

0.555

0.450

0.505

0.495

9385WA

LAYHONG-WA

0.495

-0.030

35.5

0.820

0.40

9.15

13/10/2021

0.225

0.110

0.115

0.110

102312

CIMB-C12

0.115

Unch

840

4.570

4.50

8.53

17/03/2017

0.375

0.130

0.140

0.140

8494WA

LBICAP-WA

0.140

0.010

28

1.180

1.00

-3.39

17/04/2018

0.305

0.125

0.125

0.125

102313

CIMB-C13

0.125

Unch

90

4.570

4.40

4.49

31/01/2017

0.760

0.315

0.660

0.660

5789WA

LBS-WA

0.660

-0.015

5.2

1.680

1.00

-1.19

11/06/2018

0.150

0.120

0.120

0.120

102317

CIMB-C17

0.120

-0.015

710

4.570

4.75

14.44

31/05/2017

0.535

0.215

0.420

0.420

5789WB

LBS-WB

0.420

Unch

29

1.680

1.25

-0.60

04/10/2020

0.125

0.115

0.115

0.115

102318

CIMB-C18

0.115

-0.010

30

4.570

4.80

15.10

16/08/2017

0.240

0.155

0.160

0.160

7126WA

LONBISC-WA

0.160

Unch

0.8

0.725

1.00

60.00

26/01/2020

0.065

0.020

0.025

0.025

0051WA

CUSCAPI-WA

0.025

Unch

400

0.105

0.27

180.95

24/04/2018

0.040

0.020

0.020

0.020

5068WA

LUSTER-WA

0.020

Unch

1556.7

0.050

0.10

140.00

03/06/2022

0.405

0.290

0.315

0.310

7277WA

DIALOG-WA

0.315

Unch

1145.5

1.520

1.19

-0.99

10/02/2017

0.060

0.015

0.020

0.020

0017WA

M3TECH-WA

0.020

Unch

106

0.045

0.10

166.67

21/08/2019

0.270

0.160

0.210

0.205

694714

DIGI-C14

0.210

-0.005

40

4.970

4.60

1.01

28/04/2017

0.425

0.210

0.425

0.415

7617WB

MAGNA-WB

0.425

0.005

321

1.310

0.90

1.15

04/09/2020

0.090

0.025

0.035

0.030

0029WA

DIGISTA-WA

0.035

0.010

1356

0.170

0.13

-2.94

07/02/2017

0.200

0.035

0.035

0.035

8583C4

MAHSING-C4

0.035

-0.010

50

1.450

1.50

7.07

13/01/2017

0.095

0.045

0.050

0.050

4456WD

DNEX-WD

0.050

-0.005

8107.7

0.255

0.50

115.69

30/07/2021

0.160

0.030

0.055

0.055

8583C6

MAHSING-C6

0.055

Unch

60

1.450

1.65

17.59

31/07/2017

0.360

0.180

0.210

0.205

7169WA

DOMINAN-WA

0.210

-0.005

76.5

1.250

1.30

20.80

10/09/2020

0.265

0.130

0.160

0.155

8583WB

MAHSING-WB

0.160

-0.010

135.7

1.450

1.44

10.34

16/03/2018

0.390

0.055

0.195

0.165

161922

DRBHCOMC22

0.170

-0.020

4619.9

1.220

1.00

2.87

17/02/2017

0.165

0.095

0.100

0.095

8583WC

MAHSING-WC

0.095

-0.010

91.9

1.450

2.10

51.38

21/02/2020

0.170

0.025

0.060

0.045

161923

DRBHCOMC23

0.050

Unch

6562.7

1.220

1.30

17.62

28/02/2017

0.130

0.015

0.025

0.025

5264CP

MALAKOF-CP

0.025

Unch

661.1

1.400

1.70

24.11

09/05/2017

0.145

0.040

0.060

0.050

161925

DRBHCOMC25

0.050

-0.005

410

1.220

1.55

37.30

31/03/2017

0.225

0.085

0.130

0.120

6181WB

MALTON-WB

0.120

-0.005

228.8

0.680

1.00

64.71

29/06/2018

0.140

0.030

0.065

0.060

161926

DRBHCOMC26

0.060

Unch

823

1.220

1.55

34.43

30/08/2017

0.195

0.040

0.040

0.040

115522

MAYBANKC22

0.040

-0.010

251.8

7.760

8.15

7.19

31/01/2017

0.070

0.030

0.070

0.070

161927

DRBHCOMC27

0.070

0.005

100

1.220

1.70

50.82

22/08/2017

0.130

0.080

0.090

0.090

115524

MAYBANKC24

0.090

Unch

715

7.760

8.00

5.99

30/06/2017

0.170

0.105

0.170

0.150

161928

DRBHCOMC28

0.155

-0.005

15286

1.220

1.05

17.83

30/06/2017

0.480

0.185

0.415

0.410

5152WA

MBL-WA

0.410

-0.010

22

1.020

0.80

18.63

28/11/2022

0.140

0.135

0.140

0.140

161929

DRBHCOMC29

0.140

Unch

335.7

1.220

1.20

21.31

16/08/2017

0.055

0.025

0.030

0.030

5040WB

MEDAINC-WB

0.030

0.005

0.490

0.60

28.57

22/04/2022

0.205

0.040

0.040

0.040

5216CP

DSONIC-CP

0.040

-0.005

1775.5

1.260

1.35

14.13

31/01/2017

0.395

0.230

0.240

0.240

0081WA

MEGASUN-WA

0.240

Unch

0.370

0.10

-8.11

29/04/2019

0.135

0.025

0.025

0.025

5216CQ

DSONIC-CQ

0.025

Unch

100

1.260

1.65

35.71

28/02/2017

0.185

0.010

0.100

0.095

0075WA

MEXTER-WA

0.100

Unch

280

0.240

0.13

-4.17

17/09/2018

0.260

0.110

0.125

0.125

3417WB

E&O-WB

0.125

-0.005

1.1

1.430

2.60

90.56

21/07/2019

0.760

0.305

0.650

0.640

3069WA

MFCB-WA

0.645

-0.005

119.7

2.220

2.22

29.05

08/04/2020

0.080

0.030

0.035

0.035

0154WC

EAH-WC

0.035

0.005

10

0.065

0.10

107.69

18/06/2019

0.415

0.065

0.070

0.065

3662WB

MFLOUR-WB

0.065

Unch

16

1.370

2.06

55.11

09/05/2017

0.180

0.090

0.100

0.100

3557WC

ECOFIRS-WC

0.100

-0.015

2.6

0.260

0.30

53.85

10/09/2019

0.095

0.045

0.055

0.055

5186C1

MHB-C1

0.055

Unch

150

0.895

1.00

19.41

29/09/2017

0.460

0.350

0.370

0.370

8206WA

ECOWLD-WA

0.370

Unch

98.9

1.370

2.08

78.83

26/03/2022

0.120

0.030

0.070

0.050

5026WA

MHC-WA

0.070

Unch

6.1

0.920

1.56

77.17

28/07/2017

0.240

0.055

0.065

0.055

0107WA

EDUSPEC-WA

0.065

Unch

10.1

0.195

0.18

25.64

24/12/2018

0.355

0.175

0.185

0.175

5576WC

MINHO-WC

0.175

-0.010

252

0.550

0.50

22.73

02/08/2021

1.480

0.350

0.760

0.750

0065WA

EFORCE-WA

0.755

-0.005

7.3

1.190

0.68

20.59

17/07/2019

0.145

0.025

0.045

0.025

3816C8

MISC-C8

0.040

-0.005

139.2

7.230

7.50

6.50

31/05/2017

0.815

0.425

0.540

0.520

8907WC

EG-WC

0.520

0.010

1305.2

0.875

0.50

16.57

03/11/2020

0.625

0.330

0.430

0.415

9571WD

MITRA-WD

0.425

0.025

194.3

1.250

1.09

21.20

23/08/2020

0.065

0.005

0.010

0.005

7182WA

EKA-WA

0.005

Unch

205

0.045

0.20

355.56

22/01/2019

1.380

0.570

0.950

0.940

6114WB

MKH-WB

0.945

Unch

150.3

2.860

1.89

-0.87

29/12/2017

1.430

0.230

1.130

1.120

8877WB

EKOVEST-WB

1.120

-0.010

176.7

2.310

1.35

6.93

25/06/2019

0.175

0.090

0.095

0.090

2194C2

MMCCORP-C2

0.095

Unch

100.1

2.330

2.10

2.36

13/01/2017

0.625

0.305

0.375

0.360

5056WA

ENGTEX-WA

0.375

0.010

360

1.240

0.83

-2.82

25/10/2017

0.190

0.125

0.135

0.125

2194C4

MMCCORP-C4

0.125

-0.005

30.6

2.330

2.25

7.30

31/07/2017

0.860

0.040

0.065

0.065

7249WA

EWEIN-WA

0.065

Unch

125

0.680

0.61

-0.74

09/06/2017

0.070

0.020

0.025

0.020

0070WA

MQTECH-WA

0.020

Unch

869.9

0.055

0.10

118.18

21/11/2021

0.285

0.125

0.135

0.125

9776WB

FARMBES-WB

0.135

-0.005

114

0.685

1.00

65.69

13/07/2018

0.135

0.075

0.075

0.075

165111

MRCB-C11

0.075

-0.025

29

1.350

1.48

17.96

28/04/2017

0.055

0.030

0.030

0.030

06501D

FBM KLCI-C1D

0.030

-0.010

20

1,623

1,680

4.79

30/06/2017

0.155

0.035

0.080

0.075

1651C7

MRCB-C7

0.080

Unch

767.7

1.350

1.22

2.22

31/03/2017

0.085

0.070

0.070

0.070

06501J

FBM KLCI-C1J

0.070

-0.010

25

1,623

1,625

3.13

31/07/2017

0.160

0.070

0.120

0.120

1651C9

MRCB-C9

0.120

0.010

50

1.350

1.45

16.30

30/08/2017

0.150

0.010

0.010

0.010

65042

FBM KLCI-C42

0.010

-0.005

18

1,623

1,730

7.07

31/01/2017

0.185

0.085

0.100

0.095

1651WA

MRCB-WA

0.100

0.005

317.5

1.350

2.30

77.78

14/09/2018

0.120

0.010

0.010

0.010

65070

FBM KLCI-C70

0.010

Unch

911

1,623

1,630

0.85

30/12/2016

0.330

0.150

0.305

0.295

0138C1

MYEG-C1

0.300

-0.005

422.7

2.310

2.10

16.88

30/06/2017

0.090

0.010

0.010

0.010

65076

FBM KLCI-C76

0.010

Unch

69.8

1,623

1,670

3.32

31/01/2017

0.180

0.095

0.110

0.100

0138C2

MYEG-C2

0.105

-0.005

1241.2

2.310

2.65

26.08

28/04/2017

0.085

0.015

0.015

0.015

65084

FBM KLCI-C84

0.015

-0.005

200

1,623

1,660

2.91

28/02/2017

0.235

0.135

0.160

0.155

0138C3

MYEG-C3

0.160

Unch

3425.4

2.310

2.30

16.88

28/04/2017

0.060

0.015

0.020

0.015

65088

FBM KLCI-C88

0.020

Unch

150.1

1,623

1,690

4.98

31/03/2017

0.180

0.115

0.165

0.160

0138C8

MYEG-C8

0.160

-0.005

629

2.310

2.35

19.05

31/10/2017

0.080

0.035

0.035

0.035

65094

FBM KLCI-C94

0.035

-0.010

100

1,623

1,650

3.16

28/04/2017

0.180

0.060

0.070

0.060

0138CY

MYEG-CY

0.070

-0.010

1828.4

2.310

2.15

1.26

30/12/2016

0.485

0.395

0.425

0.425

06502B

FBM KLCI-H2B

0.425

-0.060

1,623

1,680

10.05

31/03/2017

0.080

0.005

0.010

0.005

7139WA

NICE-WA

0.010

0.005

320.3

0.070

0.16

142.86

09/08/2017

0.140

0.005

0.010

0.005

65075

FBM KLCI-H75

0.010

0.005

2710.8

1,623

1,630

0.85

30/12/2016

0.270

0.150

0.210

0.210

0172WA

OCK-WA

0.210

Unch

10

0.770

0.71

19.48

15/12/2020

0.130

0.050

0.070

0.060

65081

FBM KLCI-H81

0.070

0.010

565.1

1,623

1,670

5.90

31/01/2017

0.110

0.060

0.100

0.090

7071WC

OCR-WC

0.095

Unch

702.1

0.410

0.50

45.12

24/07/2021

0.115

0.050

0.070

0.060

65089

FBM KLCI-H89

0.070

0.015

200.2

1,623

1,660

5.29

28/02/2017

0.335

0.195

0.225

0.205

5053WC

OSK-WC

0.220

0.005

11.9

1.410

1.80

43.26

22/07/2020

0.155

0.080

0.115

0.105

65093

FBM KLCI-H93

0.115

0.015

110

1,623

1,690

9.08

31/03/2017

0.235

0.055

0.065

0.060

7052CF

PADINI-CF

0.065

Unch

100

2.580

2.90

17.44

30/06/2017

0.655

0.495

0.530

0.530

65097

FBM KLCI-H97

0.530

0.010

20

1,623

1,740

15.36

28/02/2017

0.095

0.010

0.040

0.035

0005WA

PALETTE-WA

0.035

-0.005

3627.6

0.065

0.04

15.38

20/03/2018

0.130

0.075

0.090

0.090

65099

FBM KLCI-H99

0.090

0.005

20

1,623

1,650

5.53

28/04/2017

0.176

0.080

0.090

0.080

5125WA

PANTECH-WA

0.090

-0.010

66

0.450

0.60

53.33

21/12/2020

0.675

0.120

0.125

0.125

8605WB

FFHB-WB

0.125

-0.025

0.1

0.640

0.50

-2.34

30/03/2017

0.205

0.145

0.205

0.185

5022WA

PAOS-WA

0.185

-0.020

1844.3

0.560

0.50

22.32

14/12/2021

0.605

0.130

0.185

0.180

522212

FGV-C12

0.185

-0.005

3034.1

1.620

1.35

6.17

14/03/2017

0.160

0.065

0.135

0.135

5183C9

PCHEM-C9

0.135

0.010

100

6.910

7.00

8.14

29/09/2017

0.705

0.115

0.190

0.175

522213

FGV-C13

0.175

-0.015

205.8

1.620

1.50

8.80

28/04/2017

0.400

0.180

0.235

0.220

9997WB

PENSONI-WB

0.220

Unch

760.2

0.645

0.60

27.13

20/01/2024

0.490

0.070

0.110

0.105

522214

FGV-C14

0.105

-0.005

240

1.620

1.60

11.73

17/03/2017

0.035

0.010

0.020

0.020

5146WA

PERWAJA-WA

0.020

Unch

60

0.105

1.00

871.43

28/02/2022

Markets 2 9

FRIDAY DECE MBE R 23 , 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 Stocks drift as tight liquidity


osets gains for state rms
SHANGHAI: Chinas main stock indices
barely moved yesterday, as strength of
shares in state-owned enterprises (SoEs)
was offset by persisting tight liquidity in the
wake of a bond scandal.
The CSI 300 Index fell 2.86 points or
0.09% to 3,335.81, while the Shanghai
Composite Index gained 2.13 points or
0.07% to 3,139.56.
Hong Kongs Hang Seng Index fell
173.6 points or 0.8% to 21,636.2, while
the China Enterprises Index lost 131.39
points or 1.41% to 9,200.24.
Overall, trading was thin as many
investors had already departed for the
weekends Christmas break.
After problems with forged bonds
emerged, Chinas central bank asked
its branches to look into entrusted bond
holding agreements between some
commercial banks and non-financial firms.
Reuters reported yesterday that Chinas
insurance regulator was making it much
harder for insurers to get new licences, in
the latest move to rein in some insurers
aggressive stock investments that had
raised concerns.
The Shanghai SOEs index was up more
than 0.6%, bucking a broad downward trend.
Shares in index heavyweight PetroChina
Co Ltd climbed to a nearly one-year intraday
high on restructuring hopes.

Property stocks fell after President Xi


Jinping said Chinas approach to regulating
its red-hot property market would include
financial, fiscal, tax, land, and regulatory
measures as Beijing looked to develop a
long-term mechanism for an industry prone
to speculation.
Hong Kong stocks fell yesterday,
dragged by declines in steel and coal
prices as well as weakness in mainland
companies listed in the city.
Nearly all sectors retreated at the close,
with an index tracking energy shares
the biggest decliner, down around 1.7%
yesterday, after commodity price tumbled.
The benchmark rebar futures contract
lost more than 4% while coke, made from
coking coal, dropped more than 6%.
Australia Australian shares climb for
a fourth day; New Zealand up for a fth
SYDNEY: Australian shares closed higher
yesterday, powered by financial stocks, as
investors kept an eye out for US economic
data expected later in the day for cues.
The S&P/ASX 200 Index extended gains
into a fourth straight session, climbing
0.54% or 30.472 points to 5,643.944 at
the close of trade.
The Big Four banks rose 0.8% to 1.4%.
New Zealands benchmark S&P/NZX 50
Index rose for a fifth straight day, gaining
0.7% or 49.1 points to finish the session
at 6,851.87.

Shanghai Composite

Index points
28900

3,139.56
+2.13
(+0.07%)

4825

US Wall Street loses ground after


Trump rally
NEW YORK: US stocks fell on Wednesday,
with healthcare and real estate shares
losing ground a day after the Nasdaq
Composite Index and the Dow Jones
Industrial Average hit record highs.
The Dow dipped 0.16% to end at
19,941.96 points; the S&P 500 Index lost
0.25% to 2,265.18; while the Nasdaq
Composite dropped 0.23% to 5,471.43.
People are taking a pause and they
want to see whats going to happen, said
Chris Zaccarelli, chief investment officer
for Cornerstone Financial Partners.
In his first 100 days in office, it will be
interesting to see what legislation they can
get through Congress and what regulations
they will repeal.
Providing the market with a degree
of support this week, expectations of
lower capital gains tax rates under Donald
Trump gave investors an incentive to not
sell stocks until January, according to
Zaccarelli as well as to Randy Frederick,
vice-president of trading and derivatives
at Charles Schwab.
If you can hold back on capital gains
for two weeks, why not? Frederick said.
Theres just no incentive to sell right now.
So far in 2016, the S&P 500 has risen
11%, topping the 8% gain for the year
that strategists predicted on average in a
Reuters poll 12 months ago. Reuters

ASX 200

Hang Seng
Index points

5800

Investors are waiting for a range of


indicators, including the third revision of
US third-quarter (3Q) gross domestic
product (GDP), to gauge the strength of
the economy.
The US GDP data definitely could be
a catalyst that drives Australia people
are looking forward to the GDP number
and that hopefully that will be the thing that
pushes the Dow Jones Industrial Average
above 20,000, said Christopher Conway,
head of research and trading at Australian
Stock Report
Sentiment was boosted by expectations
that Australian companies profits are likely
to grow in the fiscal year ending June 2017,
following two straight years of declines.
Retail giants Wesfar mers and
Woolworths gained 0.8% and 1.5%
respectively.
Oil major Woodside Petroleum closed
more than 1% firmer after oil prices edged
higher in tepid Asian trade, supported by
a weaker US dollar.
Yesterday, New Zealand official data
showed GDP rose 1.1% in the 3Q above
economists forecast of a gain of 0.9%,
putting New Zealand among the rich worlds
fastest-growing nations with annualised
growth of 3.5%.
The healthcare sector accounted for most
of the gains. Fisher & Paykel Healthcare
was the top performer, jumping 4%.
Trustpower Ltd rose 2.2%, while NZX
Ltd closed 2% higher.

Dow Jones
Index points

6000

Index points
19990.0

25625 21,056.93

17367.5

5200
3850

22350

14745.0

3,087.842
2875

4400

19075

1900

21,636.20

Dec 22, 2016

Mar 1, 2010

Main Market & Ace Market Warrants


YEAR
LOW

DAY
HIGH

DAY
LOW

CODE

0.405

0.120

0.380

0.365

8311WC

1.330

0.353

1.320

1.280

1.110

0.615

0.740

0.370

0.195

0.225

0.140

0.085

0.375

WARRANTS

VOL PARENT
EXE
(000)
PRICE PRICE

PRM
(%)

-32.66
(-0.16%)

12122.5
9500.0

3600

Dec 22, 2016

Bursa Malaysia Equity Derivatives


YEAR
HIGH

+30.472
(+0.54%)

19,941.96

10,403.79

4,686.53

-173.60
(-0.80%)

15800

Mar 1, 2010

5,643.944

EXPIRY
DATE

Mar 1, 2010

Mar 1, 2010

Dec 22, 2016

YEAR
HIGH

YEAR
LOW

DAY
HIGH

DAY
LOW

CODE

0.180

0.055

0.055

0.055

0.115

0.025

0.025

0.025

0.100

0.040

0.045

Dec 21, 2016

WARRANTS

CLOSE
(RM)

+/(RM)

VOL PARENT
EXE
(000)
PRICE PRICE

PRM
(%)

EXPIRY
DATE

534730

TENAGA-C30

0.055

-0.025

13.740

14.50

9.33

17/02/2017

534731

TENAGA-C31

0.025

-0.025

13.740

15.00

10.99

14/03/2017

0.045

0145WA

TFP-WA

0.045

-0.025

11.1

0.105

0.10

38.10

15/02/2019

CLOSE
(RM)

+/(RM)

PESONA-WC

0.370

-0.010

1849.1

0.600

0.25

3.33

27/01/2020

3.560

1.700

3.060

3.040

7034WA

TGUAN-WA

3.060

0.010

31.2

4.360

1.50

4.59

09/10/2019

8869WC

PMETAL-WC

1.300

-0.020

101.5

1.670

1.10

43.71

22/08/2019

0.095

0.040

0.045

0.040

486316

TM-C16

0.045

-0.010

180.1

5.950

6.75

15.71

28/08/2017

0.725

7088WB

POHUAT-WB

0.725

-0.015

140.9

1.680

1.00

2.68

21/10/2020

0.120

0.105

0.105

0.105

0101CB

TMCLIFE-CB

0.105

-0.005

70

0.960

1.08

23.44

28/09/2017

0.220

4634C1

POS-C1

0.225

Unch

50

3.830

3.60

10.44

28/02/2017

0.315

0.170

0.285

0.275

0101WB

TMCLIFE-WB

0.280

Unch

54.2

0.960

0.75

7.29

21/06/2019

0.085

0.085

4634C4

POS-C4

0.085

-0.005

12

3.830

4.60

30.09

28/04/2017

0.765

0.410

0.580

0.580

8397WC

TNLOGIS-WC

0.580

-0.005

1.580

1.00

0.00

26/12/2018

0.110

0.250

0.245

4634CX

POS-CX

0.250

Unch

102

3.830

3.10

0.52

13/01/2017

0.460

0.275

0.375

0.365

7285WA

TOMYPAK-WA

0.365

Unch

158.5

1.640

2.29

61.89

21/06/2021

0.325

0.120

0.325

0.305

7168WA

PRG-WA

0.305

-0.020

203.2

0.695

0.38

-2.16

06/07/2019

0.160

0.035

0.050

0.045

7113C6

TOPGLOV-C6

0.050

Unch

3621.8

5.270

5.15

2.47

28/02/2017

0.690

0.405

0.535

0.530

8966WA

PRLEXUS-WA

0.530

-0.005

90.4

1.390

1.20

24.46

14/06/2021

0.200

0.040

0.045

0.045

5230CG

TUNEPRO-CG

0.045

Unch

350

1.450

1.65

23.10

31/03/2017

0.095

0.040

0.050

0.045

7145WA

PSIPTEK-WA

0.050

0.005

160.3

0.100

0.10

50.00

16/11/2019

0.085

0.020

0.020

0.020

514830

UEMS-C30

0.020

-0.005

20

1.060

1.40

36.79

28/02/2017

0.035

0.015

0.020

0.015

0007WB

PUC-WB

0.015

-0.005

1169

0.055

0.10

109.09

15/02/2019

0.165

0.045

0.065

0.060

514831

UEMS-C31

0.065

-0.005

1142

1.060

1.15

17.69

30/06/2017

0.100

0.020

0.090

0.085

5256WA

REACH-WA

0.090

0.005

8529.2

0.615

0.75

36.59

12/08/2022

0.320

0.020

0.025

0.020

4588CY

UMW-CY

0.025

-0.005

101.4

4.700

5.70

23.94

31/05/2017

0.115

0.035

0.040

0.040

1066CW

RHBBANK-CW

0.040

-0.005

349

4.680

5.00

10.26

31/05/2017

0.140

0.105

0.105

0.105

4588CZ

UMW-CZ

0.105

-0.025

77

4.700

5.60

30.32

22/08/2017

0.115

0.060

0.070

0.070

5270WA

RSENA-WA

0.070

Unch

200

0.435

0.50

31.03

01/12/2023

0.065

0.050

0.060

0.060

524313

UMWOG-C13

0.060

Unch

400

0.795

0.85

25.79

31/05/2017

0.133

0.015

0.020

0.015

0133WB

SANICHI-WB

0.020

0.005

30

0.065

0.21

253.85

13/03/2018

0.150

0.005

0.010

0.010

5243C6

UMWOG-C6

0.010

Unch

100

0.795

1.00

27.67

17/02/2017

0.020

0.005

0.005

0.005

0109WA

SCBUILD-WA

0.005

Unch

196.2

0.040

0.05

37.50

16/06/2017

0.165

0.020

0.030

0.025

5243C7

UMWOG-C7

0.025

-0.005

847

0.795

1.00

28.93

31/05/2017

0.090

0.055

0.070

0.060

0161WA

SCH-WA

0.065

Unch

986.5

0.165

0.10

0.00

04/12/2021

0.200

0.070

0.095

0.095

7091WA

UNIMECH-WA

0.095

0.005

485

1.070

1.50

49.07

18/09/2018

0.150

0.070

0.100

0.100

0055WA

SERSOL-WA

0.100

-0.005

200

0.145

0.18

93.10

18/04/2023

0.192

0.055

0.060

0.060

0069WB

VIVOCOM-WB

0.060

Unch

1818.9

0.160

0.20

62.50

07/09/2018

0.220

0.115

0.165

0.160

4197C8

SIME-C8

0.160

-0.010

300

8.060

7.75

6.08

31/07/2017

0.228

0.075

0.085

0.080

0069WC

VIVOCOM-WC

0.080

-0.005

188

0.160

0.10

12.50

22/01/2020

0.110

0.005

0.005

0.005

521825

SKPETROC25

0.005

Unch

7232.9

1.630

2.00

23.77

26/01/2017

0.050

0.025

0.030

0.030

7070WB

VIZIONE-WB

0.030

Unch

2506.3

0.150

0.20

53.33

20/06/2018

0.165

0.060

0.125

0.120

521827

SKPETROC27

0.120

-0.010

130

1.630

1.40

4.29

31/01/2017

0.320

0.180

0.255

0.255

7240WA

VOIR-WA

0.255

0.005

17.1

0.700

0.50

7.86

31/03/2024

0.205

0.070

0.155

0.140

521829

SKPETROC29

0.140

-0.025

891.5

1.630

1.40

3.07

31/05/2017

0.080

0.015

0.025

0.020

0066WA

VSOLAR-WA

0.025

0.005

105

0.075

0.12

93.33

01/12/2017

0.090

0.050

0.090

0.085

521831

SKPETROC31

0.085

-0.005

41

1.630

1.52

8.90

18/05/2017

0.515

0.195

0.255

0.250

6963WA

VS-WA

0.250

-0.010

695

1.390

1.65

36.69

06/01/2019

0.080

0.070

0.080

0.080

521832

SKPETROC32

0.080

0.005

35

1.630

1.70

14.11

18/05/2017

0.195

0.055

0.080

0.075

9679CX

WCT-CX

0.075

-0.005

1023.9

1.770

1.60

-1.13

30/12/2016

0.875

0.470

0.645

0.645

7155WA

SKPRES-WA

0.645

Unch

20

1.290

0.65

0.39

27/06/2017

0.300

0.160

0.230

0.220

9679WD

WCT-WD

0.220

Unch

801.1

1.770

1.71

9.04

11/12/2017

0.540

0.150

0.160

0.155

5213WA

SNTORIA-WA

0.155

-0.005

4.5

0.750

0.60

0.67

15/04/2019

0.235

0.160

0.185

0.180

9679WE

WCT-WE

0.185

0.005

850

1.770

2.08

27.97

27/08/2020

1.000

0.725

0.745

0.740

5242WA

SOLID-WA

0.745

-0.005

10.5

1.260

0.50

-1.19

16/12/2020

0.035

0.010

0.015

0.010

0141WA

WINTONI-WA

0.015

0.005

20.1

0.035

0.10

228.57

23/02/2019

0.230

0.100

0.205

0.205

0093WA

SOLUTN-WA

0.205

Unch

136.1

0.310

0.20

30.65

04/07/2021

0.125

0.070

0.075

0.070

5246CP

WPRTS-CP

0.075

-0.005

101.1

4.270

4.40

8.31

31/07/2017

0.095

0.025

0.030

0.030

1201WA

SUMATEC-WA

0.030

Unch

82

0.055

0.32

536.36

03/03/2021

0.655

0.490

0.605

0.590

7245WA

WZSATU-WA

0.600

-0.010

209

1.100

0.50

0.00

28/10/2024

0.065

0.020

0.020

0.020

1201WB

SUMATEC-WB

0.020

-0.005

432.5

0.055

0.18

254.55

13/11/2018

0.020

0.005

0.005

0.005

0095WA

XINGHE-WA

0.005

Unch

987.7

0.030

0.10

250.00

22/03/2019

0.105

0.025

0.025

0.025

710617

SUPERMX-C17

0.025

Unch

515.4

2.120

2.50

21.46

14/03/2017

0.070

0.005

0.005

0.005

5155WA

XINQUAN-WA

0.005

Unch

515

0.080

1.00 1,156.00

24/06/2019

0.160

0.060

0.080

0.070

710618

SUPERMX-C18

0.070

-0.005

997

2.120

2.20

12.03

28/04/2017

0.085

0.035

0.040

0.040

0165WA

XOX-WA

0.040

0.005

235

0.100

0.20

140.00

10/02/2019

0.180

0.050

0.055

0.055

710619

SUPERMX-C19

0.055

Unch

560

2.120

2.20

10.26

31/01/2017

0.185

0.025

0.085

0.075

7020WB

YKGI-WB

0.080

-0.005

1621.4

0.240

0.50

141.67

28/05/2020

0.235

0.125

0.130

0.130

1538WB

SYMLIFE-WB

0.130

0.005

50.1

0.630

1.10

95.24

11/11/2020

0.280

0.070

0.100

0.100

4677C4

YTL-C4

0.100

-0.020

130

1.530

1.50

4.58

31/03/2017

0.165

0.130

0.160

0.155

5012CI

TAANN-CI

0.155

0.015

45

3.910

3.70

10.49

15/06/2017

0.450

0.300

0.345

0.340

6742WB

YTLPOWR-WB

0.340

-0.005

57

1.420

1.14

4.23

11/06/2018

0.085

0.030

0.035

0.030

5158CC

TAGB-CC

0.030

-0.005

300

0.235

0.27

21.28

22/02/2017

0.215

0.005

0.010

0.010

7028WA

ZECON-WA

0.010

Unch

35

0.565

1.06

89.38

03/03/2017

0.405

0.170

0.200

0.200

8524WB

TALIWRK-WB

0.200

Unch

530

1.490

1.70

27.52

11/11/2018

0.150

0.040

0.055

0.050

2283WA

ZELAN-WA

0.055

Unch

973.1

0.120

0.25

154.17

25/01/2019

0.140

0.015

0.020

0.020

534728

TENAGA-C28

0.020

Unch

30

13.740

14.40

5.82

28/02/2017

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

3 0 Markets

FR I DAY DEC EM B ER 2 3 , 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 Dec 21, 2016)

Indian banks loan and deposit growth

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)

7-ELEVEN MALAYSIA
AFFIN
AMMB
APM AUTOMOTIVE
AXIATA GROUP
AXIS REAL ESTATE
INVESTMENT TRUST
BATU KAWAN
BIMB
BINTAI KINDEN CORPORATION

SHARES HELD
AFTER CHANGE

TRANSACTION
DATE

72,607,700
138,771,660
449,432,037
13,393,600
1,384,805,836
135,463,164

16/12
16/12
16/12
16/12
15 & 16/12
16/12

(10,000,000) FEDERAL LAND DEVELOPMENT AUTHORITY (FELDA)


315,100 EMPLOYEES PROVIDENT FUND BOARD
197,402,801
(50,000) DATUK SHARIFAH KADNARIAH
419,800
SYED AHMAD
221,800 LEMBAGA TABUNG ANGKATAN
1,235,151,818
TENTERA
(400,000) EMPLOYEES PROVIDENT FUND BOARD
35,778,394
(6,324,017) MITSUBISHI UFJ FINANCIAL GROUP,
648,917,040
INC., JAPAN
(3,822,808) EMPLOYEES PROVIDENT FUND BOARD 1,434,756,915
145,000 TAY THIAM SONG
107,418,204

14/12
16/12
20/12

(131,900)
(385,100)
2,087,300
196,700
1,071,077
462,600

BOUSTEAD
BURSA MALAYSIA
CIMB GROUP

DIRECTOR/SUBSTANTIAL
SHAREHOLDER

FRANKLIN RESOURCES, INC., USA


EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD

13 & 14/12

925,569,840
3,610,600

EKA NOODLES
EWEIN
GENTING PLANTATIONS
GLOBETRONICS TECHNOLOGY
HARTALEGA
HONG LEONG BANK
IGB REAL ESTATE
INVESTMENT TRUST
IHH HEALTHCARE
IJM CORPORATION
INARI AMERTRON
IOI CORPORATION
IOI PROPERTIES GROUP
JERASIA CAPITAL

(1,946,900) EMPLOYEES PROVIDENT FUND BOARD


110,600 AMANAHRAYA TRUSTEES
- SKIM AMANAH SAHAM BUMIPUTERA
28,000,000 VIBRANT CLASS
65,900 HIJAUWASA
(652,300) EMPLOYEES PROVIDENT FUND BOARD
42,000 EMPLOYEES PROVIDENT FUND BOARD
500,000 EMPLOYEES PROVIDENT FUND BOARD
(93,800) EMPLOYEES PROVIDENT FUND BOARD
(2,000,000) EMPLOYEES PROVIDENT FUND BOARD

16/12
9, 12
& 13/12
9 & 13/12
16, 19
& 20/12
15 & 16/12
14 & 15/12

28,000,000
95,158,989
104,275,400
34,246,700
128,247,200
273,606,877
254,126,913

14/12
21/12
16/12
16/12
16/12
16/12
16/12

2,900,600
2,500,000
(3,104,090)
(2,704,400)
1,000,000
(190,000)

EMPLOYEES PROVIDENT FUND BOARD


EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
DATO SRI MOHD HANIFF ABD AZIZ

818,274,527
518,299,258
76,242,700
412,653,873
225,469,386
10,525,002

KUALA LUMPUR KEPONG


MALAYAN BANKING
MALAYSIA AIRPORTS
MAXIS
MISC
O & C RESOURCES
OLDTOWN
PETRONAS CHEMICALS GROUP
PETRONAS GAS
POS MALAYSIA
PPB GROUP
PRG

(106,100)
400,000
500,000
394,100
409,700
(1,500,000)
(62,300)
5,010,800
1,367,100
535,200
(104,200)
140,000

EMPLOYEES PROVIDENT FUND BOARD


EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
INNOFARM S/B
FRANKLIN RESOURCES, INC., USA
EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
DATO LUA CHOON HANN

161,160,288
1,517,664,967
211,015,106
673,841,535
291,278,974
23,112,300
46,420,200
840,270,143
208,180,332
77,916,300
87,369,115
49,331,700

PUBLIC BANK
S P SETIA
SAPURAKENCANA PETROLEUM
SHELL REFINING COMPANY
(FEDERATION OF MALAYA)
SINOTOP
SPRITZER
STAR MEDIA GROUP
STEMLIFE
SUPERCOMNET TECHNOLOGIES

(1,943,600)
235,900
(4,500,000)
(61,200)

EMPLOYEES PROVIDENT FUND BOARD


EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD
EMPLOYEES PROVIDENT FUND BOARD

482,390,263
163,887,320
766,521,194
23,211,047

16/12
16/12
16/12
16/12
16/12
16, 19
& 20/12
16/12
16/12
16/12
16/12
13 - 15/12
6/12
16/12
16/12
16/12
16/12
16/12
16, 19
& 20/12
16/12
16/12
16/12
16/12

842,300
178,000
262,600
1,003,850
(320,900)

HSU, CHING-FU
YEE LEE CORPORATION
EMPLOYEES PROVIDENT FUND BOARD
CORDLIFE GROUP LTD, SINGAPORE
TAN CHING LING

148,038,700
57,136,829
44,424,800
241,907,179
13,646,300

SYARIKAT TAKAFUL MALAYSIA


(185,600) EMPLOYEES PROVIDENT FUND BOARD
TA GLOBAL
2,440,300 DATUK TIAH THEE KIAN
TELEKOM MALAYSIA
292,300 EMPLOYEES PROVIDENT FUND BOARD
TENAGA NASIONAL
(10,049,300) EMPLOYEES PROVIDENT FUND BOARD
TOP GLOVE CORPORATION
(1,534,200) EMPLOYEES PROVIDENT FUND BOARD
WCT
(63,000) EMPLOYEES PROVIDENT FUND BOARD
WESTPORTS
(2,069,600) EMPLOYEES PROVIDENT FUND BOARD
YINSON
(69,900) EMPLOYEES PROVIDENT FUND BOARD
YTL CORPORATION
(4,849,800) EMPLOYEES PROVIDENT FUND BOARD

95,731,700
390,309,438
634,104,430
873,448,382
112,752,146
98,433,850
171,382,300
153,061,500
698,343,547

CIMB GROUP
DAIMAN DEVELOPMENT
DIGI.COM
DUTCH LADY MILK INDUSTRIES

14/12
16/12
16/12
21/12
14, 16
& 20/12
16/12
19 & 20/12
16/12
15 & 16/12
16/12
16/12
16/12
16/12
16/12

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

Chinas real estate investment 2013-2016

Stocks closest to year low

Stocks closest to year high


STOCK

HAIO
MAGNA
MAGNA-WB
JOHOTIN
APPASIA
AFFIN-CV
AFFIN-CU
BAC-C8
AFFIN
HSPLANT
DRBHCOMC28
VIS
HSI-H73
HSI-H89

HIGH
(RM)

LOW
(RM)

CLOSE
(RM)

VOLUME
('000)

4.000
1.310
0.425
1.350
0.370
0.275
0.145
0.410
2.380
2.540
0.170
0.375
1.820
1.020

3.890
1.260
0.415
1.250
0.350
0.265
0.140
0.410
2.360
2.480
0.150
0.340
1.820
1.020

3.940
1.310
0.425
1.270
0.355
0.265
0.145
0.410
2.370
2.510
0.155
0.345
1.820
1.020

1383.2
1091.4
321
6018.8
1929.6
41
105.1
2
1358.1
432
15286
4793.4
8
25

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.

NIL

STOCK

PHARMA
CIMB-C17
HSI-C60
AAX-C4
MRCB-C11
ENCORP
CIMB-C12
HSI-C54
HSI-C58
HSI-C62
HSI-C64
HSI-C72
HSI-C56
HSI-C74

HIGH
(RM)

LOW
(RM)

CLOSE
(RM)

VOLUME
('000)

5.200
0.120
0.140
0.090
0.075
0.590
0.115
0.120
0.930
0.390
0.780
0.205
0.460
0.405

5.190
0.120
0.100
0.090
0.075
0.580
0.110
0.095
0.890
0.345
0.720
0.180
0.405
0.380

5.200
0.120
0.100
0.090
0.075
0.590
0.115
0.095
0.890
0.345
0.730
0.180
0.410
0.380

7.1
710
3307.2
100
29
50.5
840
6648.9
16
36025.4
214.1
6374.9
996.8
165

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

0.660

US

SWISS

BRIT CANADA BRUNEI SPORE

AUST

MSIA

CHINA

BANGLH

DENMK

UAE

INA

INDIA

JAPAN NORWAY

PHIL

QATAR

SAUDI SWEDEN

THAI

HK

0.690

0.707

0.559

0.929

0.999

1.000

0.958

3.0934

4.796

54.535

4.904

2.536

9,287

46.947

81.147

5.997

34.466

2.514

2.590

6.351

24.858

5.361

1.047

1.071

0.848

1.409

1.515

1.515

1.453

4.6892

7.270

82.668

7.434

3.844

14,077

71.165

123.008

9.091

52.246

3.811

3.926

9.627

37.681

8.126

EURO

1.516

US $

1.448

0.955

SWISS FR

1.415

0.933

0.977

STERLING

1.788

1.179

1.234

1.264

CANADA $

1.076

0.710

0.743

0.761

0.602

BRUNEI $

1.001

0.660

0.691

0.707

0.560

0.930

SINGAPORE $

1.000

0.660

0.691

0.707

0.560

0.930

1.024

0.810

1.346

1.447

1.448

1.388

4.4800

6.946

78.980

7.102

3.673

13,449

67.990

117.521

8.686

49.915

3.641

3.751

9.197

36.000

7.763

0.791

1.315

1.414

1.414

1.356

4.3763

6.785

77.152

6.938

3.588

13,138

66.416

114.800

8.484

48.759

3.557

3.664

8.984

35.167

7.584

1.661

1.787

1.787

1.713

5.5297

8.573

97.486

8.766

4.533

16,601

83.921

145.057

10.721

61.610

4.494

4.630

11.352

44.435

9.582

1.076

1.076

1.032

3.3291

5.162

58.690

5.278

2.729

9,994

50.524

87.330

6.454

37.092

2.706

2.787

6.835

26.752

5.769

1.000

0.959

3.0952

4.799

54.567

4.907

2.537

9,292

46.974

81.194

6.001

34.486

2.516

2.591

6.354

24.872

5.364

0.959

3.0946

4.798

54.556

4.906

2.537

9,290

46.965

81.178

6.000

34.479

2.515

2.591

6.353

24.867

5.363

1.000

AUSTRALIA $

1.043

0.688

0.720

0.737

0.584

0.969

1.043

1.043

3.2274

5.004

56.897

5.117

2.646

9,689

48.980

84.662

6.257

35.959

2.623

2.702

6.626

25.935

5.593

MALAYSIA RM

0.323

0.213

0.223

0.229

0.181

0.300

0.323

0.323

0.310

1.0000

1.550

17.630

1.585

0.820

3,002

15.176

26.232

1.939

11.142

0.813

0.837

2.053

8.036

1.733

20.850

13.755

14.397

14.738

11.664

19.374

20.838

20.842

19.985

64.4980

1,137

102.251

52.874

193,630

978.844

1,692

125.045

718.617

52.420

54.000

132.412

518.289

111.768

1.834

1.210

1.266

1.296

1.026

1.704

1.833

1.833

1.758

5.6723

8.795

8.993

4.650

17,029

86.085

148.798

10.997

63.199

4.610

4.749

11.645

45.581

9.830

100 DANISH KRONER

20.391

13.452

14.080

14.414

11.407

18.947

20.379

20.383

19.545

63.0780

97.80

51.710

189,367

957.29

1,655

122.29

702.80

51.27

52.81

129.50

506.88

109.31

100 UAE DIRHAM

39.434

26.014

27.229

27.874

22.060

36.642

39.411

39.418

37.796 121.9844

189.13

2,151

193.39

1,851

3,200

236.50

1,359

99.14

102.13

250.43

980.24

211.39

1000 INA RUPIAH

0.108

0.071

0.074

0.076

0.060

0.100

0.108

0.108

0.103

0.3331

0.516

5.872

0.528

0.273

5.055

8.738

0.646

3.711

0.271

0.279

0.684

2.677

0.577

100 INDIA RUPEE

2.130

1.405

1.471

1.506

1.192

1.979

2.129

2.129

2.042

6.5892

10.216

116.164

10.446

5.402

172.850

12.775

73.415

5.355

5.517

13.527

52.949

11.418

100 CHINESE RMB


100 BANGLADH TAKA

100 JAPAN YEN


100 NORWEGIAN KRONER
100 PHILIPPINE PESO
100 QATAR RIYAL

1,112

366,210
19,781

1.232

0.813

0.851

0.871

0.689

1.145

1.232

1.232

1.181

3.8121

5.910

67.205

6.043

3.125

11,444

57.854

16.674

11.000

11.513

11.786

9.328

15.494

16.665

16.668

15.982

51.5800

79.971

909

81.772

42.284

154,848

782.796

1,353

7.391

2.781

2.901

1.914

2.003

2.051

1.623

2.696

2.900

2.900

8.9753

13.916

158.230

14.229

7.358

26,945

136.212

235.442

17.401

39.775

26.239

27.464

28.115

22.251

36.959

39.752

39.759

38.123 123.0397

190.765

2,169

195.060

100.865

369,378

1,867

3,228

238.541

42.473

3.098

3.192

7.826

30.633

6.606

574.688

41.921

43.184

105.892

414.484

89.383

7.295
1,371

7.514

18.426

72.123

15.553

103.013

252.596

988.715

213.215

959.799

206.979

391.421

84.409

100 SAUDI RIYAL

38.612

25.472

26.661

27.293

21.600

35.878

38.589

38.597

37.008 119.4412

185.186

2,106

189.355

97.915

358,575

1,813

3,133

231.565

1,331

97.075

100 SWEDISH KRONOR

15.746

10.388

10.873

11.130

8.809

14.632

15.737

15.740

15.093

48.7100

75.522

858.733

77.222

39.931

146,232

739.240

1,278

94.436

542.712

39.589

40.782

4.023

2.654

2.778

2.844

2.250

3.738

4.021

4.021

3.856

12.4444

19.294

219.389

19.729

10.202

37,359

188.861

326.445

24.126

138.652

10.114

10.419

25.548

18.655

12.306

12.881

13.186

10.436

17.334

18.644

18.648

17.880

57.7070

89.471 1,017.346

91.485

47.307

173,242

875.782

1,514

111.879

642.953

46.901

48.314

118.471

100 THAI BAHT


100 HK$

245.209

21.565
463.719

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

FRIDAY DECEMB E R 23 , 20 16 T HEED 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

105.0

1,621.50 90000

18.00

1790

68000

4.75

96.5

1600

46000

-8.50

88.0

1410

24000

-21.75

79.5

2000

-35.00

1980

Klibor

6.00

(-9.50)

(+0.50)

Implied interest rate (%)


102.810

4.5

(-0.210)

3.42

(Unch)
3.5

1220
Jan 4, 2010

2.5

71.0

Jan 4, 2010

Dec 22, 2016

FBM KLCI futures fall in


line with regional markets

Dec 22, 2016

FBM KLCI futures


INDEX AND FUTURES
CONTRACT

LAST

CHANGE

VOLUME

OPEN CHANGE IN
INTEREST OPEN INTEREST

The FBM KLCI futures contracts on Bursa FBMKLCI 1,623.20 -6.39 109.3M
1,621.50
-9.50
6,958 35,704
-458
Malaysia Derivatives ended lower yesterday DEC 16
JAN 17
1,626.50 -11.00
4,140
5,819
281
in line with the weaker cash market.
MAR 17
1,627.50
-7.50
32
309
7
The underlying benchmark FBM KLCI JUN 17
1,623.00
-7.50
5
99
-1
finished 6.39 points lower at 1,623.2.
TOTAL
11,135 41,931
-171
December 2016 fell 9.5 points to 1,621.5;
BID
OFFER
CLOSE
January 2017 decreased 11 points to 1,626.5; FUTURES ROLL OVER
6.5
5.5
6.0
while March 2017 and June 2017 each shed DEC/JAN
7.5 points to 1,627.5 and 1,623 respectively. FUTURES FAIR VALUE
DAYS TO EXPIRY
KLIBOR DIVIDEND FAIR VALUE
Turnover rose to 11,135 lots from 4,204 CONTRACT
16
9
1.13
0.00
1.13
lots on Wednesday, and open interest DEC
JAN 17
41
5.66
0.00
5.66
widened to 41,931 contracts from 35,171 ROLLS FAIR
4.53
contracts previously.
Philippines closed 1.5% lower. The
Philippines central bank held benchmark
rates steady, as widely expected, after market
hours, saying inflation was expected to
Indonesia shares hit a near six-month
remain within its 2017 and 2018 comfort closing low, falling for an eighth straight
range of 2% to 4%.
session, while Vietnam fell 0.4%. Agencies

Commodities

Dec 22, 2016

US dollar falls back from a


14-year-high on profit-taking
The US dollar dipped for a second day
yesterday as traders booked profits ahead
of a batch of US data later in the day, though
the greenback was still trading less than 1%
away from a 14-year high touched earlier
in the week.
The US dollar dipped 0.1% to US$102.81
yesterday, having also fallen around 0.33%
on Wednesday. However, analysts said this
weeks moves must be viewed in the context
of thin liquidity, and there was no clear
evidence to suggest the US dollars rally had
run out of steam.
The euro was up 0.2% at US$1.0448,
rebounding from US$1.0352 on Tuesday,
the lowest since January 2003. Some analysts
linked its modest rise to plans to rescue
Montei dei Paschi di Siena, Italys secondbiggest bank. 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

52.25

152500

5075

(RM3,562/tonne) 0.5475

121.25

2700

105000

3750

0.3650

87.50

1340

57500

2425

0.1825

53.75

1020

Jan 6, 2008

CHANGE

96.58
96.58
96.58
96.53
96.49
96.44
96.44
96.44
96.44
96.44
96.44
96.44
96.44
96.44
96.44
96.44
96.44
96.44
96.44
96.44
96.44
96.44

VOLUME

OPEN
INTEREST

1980

3450

1200

SETTLEMENT
PRICE

JAN7
FEB7
MAR7
JUN7
SEP7
DEC7
MAR8
JUN8
SEP8
DEC8
MAR9
JUN9
SEP9
DEC9
MAR0
JUN0
SEP0
DEC0
MAR1
JUN1
SEP1
DEC1
TOTAL

Crude Oil

0.3610

1950

Dec 22, 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

3,070
(-44)

(-0.24)

Dec 22, 2016

Palm oil prices slide,


taking cues from rival oils

(-44)

1100

Jan 6, 2008

0.0000

Dec 22, 2016

CPO futures
CONTRACT

JAN-17
FEB-17
MAR-17
APR-17
MAY-17

LAST

3,130
3,085
3,070
3,039
2,987

CHANGE

-24
-41
-44
-41
-41

VOLUME

412
2,645
17,592
3,792
2,932

OPEN CHANGE IN
INTEREST OPEN INTEREST

6,001
29,047
67,609
14,472
33,185

1,130.90
(-0.70)

3,070
10000

1660

-1,195
-989
878
1
-896

Malaysian palm oil futures ended yesterdays


trade lower, shedding more than 1% as
sentiment tracked the softer performance
CPO/SOYOIL
of rival oils in Dalian Commodity Exchange CPO FUTURES
FUTURES BASIS (USD)
(DCE) and on the Chicago Board of Trade INDICATIVE ROLL-OVER CURRENT
-74.29
JAN/FEB
45
(CBOT).
3 MONTHS AVERAGE
-96.51
JAN/MAR
60
Benchmark palm oil futures for March JAN/APR
6 MONTHS AVERAGE
-90.50
91
delivery on the Bursa Malaysia Derivatives FEB/MAR
15
Exchange fell 1.22% or RM44 to end the SGS & ITS EXPORT ESTIMATES (TONNES)
SHIPMENT DAYS
SEP16
OCT16
NOV16
session at RM3,070 per tonne.
396/380
404/421
348/355
Overseas markets are weak yesterday, 1 - 10TH DAYS
668/670
633/628
514/521
especially DCE. CBOT is down due to ample 1- 15TH DAYS
DAYS
917/914
806/801
730/735
supplies. The fall in DCE soy and palm olein 11 -- 20TH
25TH DAYS
1,109/1,112
998/991
998/991
futures could be due to the slump in the iron FULL MONTH
1,366/1,378
1,296/1,289 1,130/1,152
ore market, a trader said.
MALAYSIAN PALM OIL BOARD
AUG16
SEP16
OCT16
NOV16
DCE iron ore futures slid more than 4% to
1,702
1,715
1,678
1,575
a one-month low yesterday as air pollution PRODUCTION
EXPORT
1,812
1,451
1,431
1,370
disrupted trading in China.
STOCKS
1,464
1,547
1,574
1,656
The January soybean oil contract on the
MPOB Palm oil physical
CBOT dropped 1.33%. The May contract for
DEC16
JAN16
FEB17
DCE soybean oil and the palm olein contract (IN RM/TON)
DELD
3,240
3,246
NO TRADE
on DCE fell 1.55% and 1.34%, respectively. CPO
PK EX-MILL
3,495 NO TRADE
NO TRADE
Trading on the palm oil market was also CPKO DELD
NO TRADE
7,265
NO TRADE
subdued as the holiday season approaches. RBD P.OIL FOB
NO TRADE NO TRADE
NO TRADE
There is a lack of participation ahead of RBD P.OLEIN FOB
NO TRADE NO TRADE
NO TRADE
the long weekend, another Kuala Lumpur- RBD P. STEARIN FOB NO TRADE NO TRADE NO TRADE
based trader said earlier.
MPOB FFB REF PRICE (MILL GATE PRICE)
GRADE A
GRADE B
GRADE C
Bursa Malaysia is closed on Monday for REGION
OER (RM/TON)
OER(RM/TON)
OER (RM/TON)
Christmas.
NORTH
20.00% 758
19.00% 726
18.00% 695
Palm oil targets RM3,045 per tonne, SOUTH
20.00% 764
19.00% 732
18.00% 701
20.00% 758
19.00% 726
18.00% 695
as suggested by a Fibonacci retracement CENTRAL
analysis, Reuters technical analyst Wang EAST COAST 20.00% 758 19.00% 726 18.00% 695
SABAH
22.00% 737
21.00% 709
20.00% 680
Tao said. Reuters
SARAWAK
22.00% 745
21.00% 715
20.00% 686

20.00
Apr 10, 2007

700
Dec 22, 2016

Oil prices dip on US stocks


rise, Libya output boost
Oil prices slipped in tepid trading yesterday,
pressured by an unexpected rise in US crude
inventories last week and moves by Libya
to boost output over the next few months.
US Brent crude futures for February
delivery fell by 26 US cents to US$54.20 a
barrel. US West Texas Intermediate crude
dropped 24 US cents to US$52.25 a barrel.
Libya recently doubled output to 600,000
barrels per day (bpd), and Jonathan Barratt,
chief investment officer at Sydneys Ayers
Alliance, said the country had the capacity
to ramp-up production further, to as much
as 1.2 million bpd.
It is a safe assumption particularly in
the early stages that Opec and non-Opec
producers will abide by the agreement
to curb output, said Ric Spooner, chief
market analyst at CMC Markets in Sydney.
Reuters

Centrifuged Latex

Aug 31, 2008

Dec 22, 2016

Commodities
AGRICULTURE

UNIT

EXCHANGE

RM/TON
SEN/KG
USC/BSH
USC/BSH
USC/BSH
USC/IBS
US$/TON
USC/IBS
USC/IBS
USC/IBS

MDEX
MRB
CBOT
CBOT
CBOT
CME
NYBOT
NYBOT
NYBOT
NYC

3,070
853.50
346.25
1,001.75
399.75
116.23
2,262
145.70
17.99
71.20

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

20,900
-50
2.4685 -0.0255
1,130.90
-0.70
913.00
-2.40
657.00
-2.90
15.92
-0.02
12,805
-30
20,900
-495

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

52.25
-0.24
1.6484 -0.0123
3.592
0.025
54.20
-0.26
478.25
-8.00

CRUDE PALM OIL


RUBBER
CORN
SOYBEANS
WHEAT
LIVE CATTLE
COCOA
COFFEE
SUGAR
COTTON

LAST PRICE CHANGE

-44
-32.00
-1.00
-5.00
0.25
0.725
-9
-1.05
-0.01
0.36

METAL & PRECIOUS METALS


TIN
COPPER
GOLD
PLATINUM
PALLADIUM
SILVER
ALUMINIUM
ZINC

ENERGY

Rubber - Msia SMR 20

Sen/Kg

Sen/Kg

1100

1700

900

1325

853.50
700

642.00

(-32.00)
950

(-0.50)

500

575

300
Jan 7, 2007

200

Dec 22, 2016

Jan 7, 2007

Dec 22, 2016

Markets

32

FR I DAY DEC EM B ER 2 3 , 2 0 16 TH EEDGE FI 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 1,623.20

FBM ACE 4,737.90

6.39

71.65 FTSTI 2,882.04

19.66 NIKKEI 19,427.67

16.82

HANG SENG 21,636.20

Everything youve ever wanted is on the other side


of fear. George Addair

STOCK

1633.0
1631.6
1630.2
1628.8
1627.4
1626.0
1624.6
1623.2
1621.8
1620.4
1619.0

Index point

KLCI futures
KL Composite Index

1,623.20

(-6.39)

1,621.50
(-9.50)

8:45 9:30

10:30

11:30

12:45

14:30

15:30

16:30 17:15

Daily FBM KLCI


Moving average - 20-day

KL Composite Index

CHANGE
(%)

CHANGE
(RM)

CLOSE
(RM)

HIGH
(RM)

LOW
(RM)

20,023
16,459
7,233
6,690
6,502
6,203
5,031
3,856
3,572
3,517
3,400
3,244
2,936
2,844
2,843
2,796

-11.54
1.11
0.00
0.00
-0.97
6.82
-2.13
0.00
0.53
0.00
-1.88
-4.31
0.00
-18.05
2.17
-3.01

-0.015
0.010
0.000
0.000
-0.010
0.015
-0.005
0.000
0.005
0.000
-0.015
-0.090
0.000
-0.500
0.005
-0.020

0.115
0.910
0.005
0.070
1.020
0.235
0.230
0.820
0.940
0.190
0.785
2.000
0.260
2.270
0.235
0.645

0.130
0.935
0.005
0.075
1.040
0.250
0.230
0.825
0.970
0.200
0.800
2.100
0.260
2.400
0.245
0.690

0.110
0.910
0.005
0.065
1.020
0.220
0.230
0.815
0.935
0.185
0.785
1.990
0.250
2.270
0.230
0.640

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.

1,623.20

1950.0

IRIS
MBSB
SKPETROC25
OCR-PA
MEDIA
EMICO
AIM
LAYHONG
MUDAJYA
KARYON
WASEONG
SHELL
ECOFIRS
TECGUAN
IJACOBS
PENSONI

VOLUME
('000)

(-6.39)

1667.5

FBM KLCI slips, taking cue


from weaker US market

1,631.94

1385.0

1102.5

820.0
Jan 2, 2008

Dec 22, 2016

900

600

300

Volume (mil)

FBM KLCI futures


CONTRACT

SETTLEMENT

DEC 16
JAN 17
MAR 17

CHANGE

1,621.50
1,626.50
1,627.50

-9.50
-11.00
-7.50

KLCI
POINTS

CHANGE
(RM)

HIGH

LOW

1,633.00
1,638.00
1,632.50

1,620.50
1,626.50
1,626.00

FBM KLCI sensitivity*


MAXIS
CIMB GROUP
WESTPORTS HOLDINGS
TENAGA NASIONAL BERHAD
IHH HEALTHCARE
HONG LEONG BANK
AXIATA GROUP
KLCC PROP REIT
HONG LEONG FINANCE
PUBLIC BANK
GENTING MALAYSIA
AMMB HOLDINGS
YTL CORPORATION
GENTING
MISC
MAYBANK
SUB-TOTAL
OTHERS
GRAND TOTAL

0.74
0.43
-0.17
-0.18
-0.27
-0.28
-0.29
-0.30
-0.30
-0.38
-0.39
-0.39
-0.53
-0.86
-1.24
-1.83
-6.25
-0.14
-6.39

0.060
0.030
-0.030
-0.020
-0.020
-0.080
-0.020
-0.100
-0.160
-0.060
-0.040
-0.080
-0.030
-0.140
-0.170
-0.110

CLOSE
(RM)

6.020
4.570
4.270
13.740
6.340
13.160
4.500
7.710
14.740
19.680
4.560
4.280
1.530
7.780
7.230
7.760

VOLUME
('000)

1552.7
7976.9
476.2
9963.0
2905.2
790.1
3450.6
104.7
76.1
3292.7
3303.6
1073.7
2252.1
2388.1
544.1
7557.1

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

6.30

KLCI FUTURES 1633.00 Unch

STI 2930.77

23.29

RM/USD 4.4620

CPO RM3182.00

57.00

OIL US$54.34

0.44

GOLD US$1129.40

33.00

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

FRIDAY DECEMBER 16, 2016 ISSUE 2312/2016

FINANCIAL
DAILY
MAKE
BETTER
DECISIONS

EVERY
FRIDAY!

www.theedgemarkets.com

TNB unfazed by forex concerns,


eyes Europe for more growth
6 HOME BUSINESS

Daily top 20 active stocks


HIBISCS
HSI-C62
BORNOIL
MQTECH
TRIVE
IRIS
MNC
MBSB
DRBHCOMC28
SKPETRO
RGB
KNM
ASIABIO
HSI-H63
JAG
TENAGA
MYEG
JOHOTIN-WA
MELEWAR
BIOHLDG

TURNOVER
(000)

CHANGE
(RM)

CHANGE
(%)

PRICE
(RM)

PE
RATIO

DIVIDEND
YIELD (%)

49,700.8
36,025.4
28,483.1
27,258.5
25,050.0
20,022.6
17,028.7
16,459.0
15,286.0
14,660.8
14,096.7
13,219.2
10,701.0
10,552.6
10,549.8
9,963.0
9,907.6
9,630.8
9,240.3
8,846.7

-0.020
-0.055
UNCH
-0.010
UNCH
-0.015
UNCH
0.010
-0.005
-0.050
-0.005
-0.010
-0.005
0.095
UNCH
-0.020
-0.010
-0.020
UNCH
-0.005

-5.19
-13.75
UNCH
-15.38
UNCH
-11.54
UNCH
1.11
-3.13
-2.98
-1.75
-2.90
-9.09
15.57
UNCH
-0.15
-0.43
-4.12
UNCH
-2.44

0.365
0.345
0.165
0.055
0.090
0.115
0.070
0.910
0.155
1.630
0.280
0.335
0.050
0.705
0.115
13.740
2.310
0.465
0.415
0.200

16.02

22.28

14.11
29.49

10.54
35.86

15.07

0.00
0.00
0.00
0.00
0.00
0.00
0.00
3.22
0.00
0.80
1.75
0.00
0.00
0.00
0.00
2.33
0.78
0.00
0.00
0.00

Top gainers and losers (ranked by RM)


UP

CLOSE

CHANGE
(RM)

BAC-C8
MPI
HAIO
MUH
IPMUDA
HSI-H89
BURSA
CIHLDG
GTRONIC
HSI-H63
VITROX
SHL

0.410
7.770
3.940
0.850
0.900
1.020
8.880
2.600
3.680
0.705
3.690
2.960

0.260
0.190
0.170
0.150
0.140
0.120
0.100
0.100
0.100
0.095
0.090
0.090

FBMKLCI-H75
WINTONI-WA
DIGISTA-WA
SANICHI-WB
FBMKLCI-H89
VSOLAR-WA
HSI-H57
MEDAINC-WB
EAH-WC
FBMKLCI-H81

0.010
0.015
0.035
0.020
0.070
0.025
0.250
0.030
0.035
0.070

100.00
50.00
40.00
33.33
27.27
25.00
21.95
20.00
16.67
16.67

DOWN
TECGUAN
DLADY
NESTLE
BAT
MISC
HLFG
LAFMSIA
APOLLO
GENTING
SHANG
HSI-C52
AIRPORT

CLOSE

CHANGE
(RM)

2.270
55.140
78.280
43.000
7.230
14.740
6.940
5.500
7.780
5.190
0.915
6.060

-0.500
-0.420
-0.320
-0.180
-0.170
-0.160
-0.150
-0.150
-0.140
-0.140
-0.135
-0.130

0.045
0.010
0.010
0.100
0.020
0.010
0.010
0.055
0.095
0.015

-35.71
-33.33
-33.33
-33.33
-33.33
-33.33
-33.33
-31.25
-29.63
-25.00

KUALA LUMPUR: The FBM KLCI closed lower yesterday


following modest losses on Wall Street. The FBM KLCI closed
down 6.39 points or 0.4 % to 1,623.2 at 5pm.
JF Apex Securities Bhd senior analyst Lee Cherng Wee
said the drop in the US markets had led to the FBM KLCIs
decline yesterday.
I believe the indexs performance yesterday was in line
with the weaker US markets, as well as European markets.
There are no local growth catalysts for the market at the Top gainers and losers (ranked by percentage)
moment, he told theedgemarkets.com.
UP
CHANGE
DOWN
CHANGE
Prior to this, the US markets had been on an upward
CLOSE
(%)
CLOSE
(%)
trajectory since US President-elect Donald Trumps win in
BAC-C8
0.410
173.33
ARMADA-C21
0.015
-62.50
the November presidential election.
0.010 100.00
TENAGA-C31
0.025 -50.00
Regionally, markets were also in trend with the USs NICE-WA
FBMKLCI-H75
0.010 100.00
TFP-WA
0.045 -35.71
lacklustre performance as Japans Nikkei 225 Index closed WINTONI-WA
0.015
50.00
AT-WA
0.010 -33.33
down 0.09%; Hong Kongs Hang Seng Index closed down DIGISTA-WA
0.035
40.00
FBMKLCI-C42
0.010 -33.33
0.8%; and South Koreas Kospi Index closed down 0.11%.
SANICHI-WB
0.020
33.33
HSI-C60
0.100 -33.33
0.070
27.27
AMBANK-CW
0.020 -33.33
MSCIs Broadest Index of Asia-Pacific shares outside FBMKLCI-H89
VSOLAR-WA
0.025
25.00
AIRASIAC37
0.010 -33.33
Japan erased modest early gains to slip 0.7%.
0.320
23.08
AAX-CX
0.010 -33.33
Reuters reported that Asian shares struggled yesterday after CNASIA
HSI-H57
0.250
21.95
TENAGA-C30
0.055 -31.25
a lacklustre performance on Wall Street as investors looked MUH
0.850
21.43
HSI-C54
0.095 -29.63
to US economic data later in the day for potential catalysts, MEDAINC-WB
0.030
20.00
PUC-WB
0.015 -25.00
as markets wind down ahead of the year-end holidays.
The US is due to release a third revision of its third-quarter Top gainers and losers - warrants (ranked by percentage)
gross domestic product, Reuters reported. Durable goods
UP
CHANGE
DOWN
CHANGE
orders for November and weekly initial jobless claims are
CLOSE
(%)
CLOSE
(%)
also scheduled to be released. by Supriya Surendran
BAC-C8
0.410 173.33
ARMADA-C21
0.015 -62.50
NICE-WA
0.010 100.00
TENAGA-C31
0.025 -50.00
World equity indices
DOW JONES
S&P 500
NASDAQ 100
FTSE 100
AUSTRALIA
CHINA
HONG KONG
INDIA

I want an edge!
FBM KLCI 1636.99

32.66

Market movers

UNUSUAL MARKET ACTIVITIES

FBM KLCI & KLCI futures intraday

DOW JONES 19,941.96

173.60

CLOSE

CHANGE

19,941.96
2,265.18
4,948.91
7,041.42
5,643.94
3,139.56
21,636.20
25,989.59

-32.66
-5.58
-4.90
-2.54
30.47
2.13
-173.60
-252.79

INDONESIA
JAPAN
KOREA
PHILIPPINES
SINGAPORE
TAIWAN
THAILAND
VIETNAM

CLOSE

CHANGE

5,042.87
19,427.67
2,035.73
6,587.17
2,882.04
9,118.75
1,504.12
664.15

-68.52
-16.82
-2.23
-99.19
-19.66
-85.51
-4.45
-2.79

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

TFP-WA
AT-WA
FBMKLCI-C42
HSI-C60
AMBANK-CW
AIRASIAC37
AAX-CX
TENAGA-C30
HSI-C54
PUC-WB

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7 HOME BUSINESS

IMF projects 4.5%


GDP growth for
Malaysia in 2017
8 HOME BUSINESS

Hiap Teck warns of


earnings pain from
weak ringgit

10 HOME BUSINESS

Scientex eyeing a
bigger piece of
US market
18 WORLD BUSINESS

Yahoo reveals new


hack, this time a
billion-plus users

KUANTAN
FLOUR MILLS
SHARE PRICE
EXPECTED
TO TUMBLE

Delivery address

Felcras interest withdrawal


to drag on the stock after the 206%
jump seen on Wednesday.
Liew Jia Teng & Anette Appaduray
have the story on Page 4.

Tel no.

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US Fed impending hikes could slow


ringgits recovery and cause inflation

Fax no.

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4 HOME BUSINESS

)'
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TEP

FR I DAY DEC EM B ER 2 3 , 2 0 16 TH EEDGE F I N AN C I AL DAI LY

NEWS HIGHLIGHTS from TheEdgeProperty.com


O&C Resources bags
RM155 mil PR1MA
project in Bukit Jalil
The Edge Property
Malaysia

Publisher and Group CEO


Ho Kay Tat

The Edge Property Sdn Bhd (1091814-P)


Level 3, Menara KLK, No 1 Jalan
PJU 7/6, Mutiara Damansara, 47810
Petaling Jaya, Selangor, Malaysia

TheEdgeProperty.com
Managing Director/Editor-in-Chief
Au Foong Yee
EDITORIAL
Editor Lam Jian Wyn
Contributing Editor Sharon Kam
Deputy Chief Copy Editor
James Chong
Senior Copy Editor
Shanthi Murugiah
Writers Rachel Chew, Tan Ai Leng,
Natalie Khoo, Shawn Ng, Lum Ka Kay
Art Director Sharon Khoh
Design Team
Nurul Aida Mohd Noor, Henry Lee

Hana Gardens in Jade Hills


85% sold over a weekend

O&C Resources Bhd (OCR) has


bagged a RM155 million contract
to develop a PR1MA project located
in Jalan Alam Sutera Utama, Bukit
Jalil, Kuala Lumpur at a gross development cost of RM131.75 million.
In a ling with Bursa Malaysia
on Dec 19, OCR said its 70%-owned
subsidiary Kita Mampan Sdn Bhd,
through its associate AES Builders
Sdn Bhd, has received a letter of
award from Perbadanan PR1MA
Malaysia to be the main contractor
for the proposed project.
Kita Mampan holds a 49% stake
in AES.
The proposed project comprises
one four-level block of oce shoplots with a health clinic, a 32-storey
apartment block housing 320 units,
a 21-storey apartment block with
140 units, four levels of podium
parking, three levels of sub-basement parking, one level of multipurpose hall and one level of public
facilities.
OCR said the period for completion of the proposed project is
36 months.

NEGOTIATOR ADVISORY SERVICE


Senior Manager Elizabeth Lay
Senior Associate Stannly Tan
Associate Karen Wong

Season's greetings

The Edge Malaysia


EDITORIAL
Editor-in-Chief Azam Aris
CORPORATE
Chief Operating Ocer Lim Shiew Yuin
ADVERTISING & MARKETING
Chief Commercial Ocer
Sharon Teh (012) 313 9056
General Manager
Kingston Low (012) 278 5540
Senior Sales Managers
Fong Lai Kuan (012) 386 2831
Gregory Thu (012) 376 0614
Kamalesan Parama (012) 394 4855
Michael Tan (012) 213 0252
Creative Marketing
Chris Wong (016) 687 6577
Head of Marketing Support & Ad Trac
Lorraine Chan (03) 7721 8001
Email: advertising@bizedge.com

Amcorp Properties
plans venture into HK

vate international property groups.


Following AmProp Groups
protable ventures in London and
Japan, the co-invest is part of the
groups strategy to diversify its property investment and development
portfolio and as an impetus towards
its quest to embark on niche developments in high growth international markets, said AmProp.

from

Boustead plans
RM333 mil mixed
development in
Bukit Jalil
Boustead Holdings Bhd is buying
multiple pieces of leasehold commercial land measuring a collective
10.74 acres (4.35ha) next to Bukit
Jalil City in Bukit Jalil, Kuala Lumpur for a mixed development with
an estimated gross development
value of RM333 million.
Boustead plans to develop the
land into a commercial hub com-

TheEdgeProperty.com
Watch our latest videos

"Flower power: 8 tips to dress up your dining table with


owers" and "What are the latest design trends?" for
some festive decor inspiration!

LAUN C HE S + E V E N T S

For enquiries and listings


email: propertysupport@bizedge.com
GL: (03) 7721 8175/ 8172
Email: propertysupport@bizedge.com

TheEdgeProperty.com pullout is
published by The Edge Property Sdn
Bhd. It is available with The Edge
Financial Daily every Friday. The
pullout is also distributed at more
than 200 oces, shopping complexes,
condos, medical centres, F&B outlets
and LRT stations in the Klang Valley.
You can also download it for free at
www.TheEdgeProperty.com

taken up in one weekend, demonstrating home owners condence


in Gamuda Lands track record in
creating uniquely designed houses which meet their needs, said
Gamuda Land chief operating ofcer Ngan Chee Meng in a press
statement.
Hana Gardens is a low-density project with only six units per
acre. Each house is designed to

Amcorp Properties Bhd (AmProp) is


planning to venture into the Hong
Kong property market via a tie-up
with Grosvenor Asia Pacic Ltd.
Under a co-investment agreement inked between Grosvenor
Asia and AmProps indirect wholly-owned unit Amcorp Orient Ltd
on Dec 21, a joint venture company
known as GDPHK Holdings Ltd will
be formed.
The entity will invest in a portfolio of value-add [projects] as well
as redevelopment and development
projects in Hong Kong, AmProp
said in a bourse ling.
Both Amcorp Orient and
Grosvenor Asia will contribute about
RM201 million (HK$349 million)
each as capital to the JV company.
Grosvenor Asia is a wholly-owned unit of Grosvenor Group
Ltd, one of the worlds largest pri-

For New Launches/Events/


Press Releases/News Tips
email: propertyeditor@bizedge.com
Tel: 03-7721 8211 Fax: 03-7721 8280
Email: propertyeditor@bizedge.com
ADVERTISING & MARKETING
Head of Marketing and Sales
Sharon Chew (012) 316 5628
Senior Account Managers
Cecilia Too (012) 319 7666
Jayne Law (016) 929 3309
Account Managers
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Jocelyn Poo (012) 611 5626
Marketing Support & Ad Trac
Madeline Tan (03) 7721 8218
email: mkt.tep@bizedge.com
Email : mkt.tep@bizedge.com

Some 85% of Gamuda Lands latest launch of two-storey Hana


Gardens terraced houses in Jade
Hills, Kajang were sold in a soft
launch over a weekend.
Jade Hills is a 258-acre luxury
gated-and-guarded residential
development in Kajang.
Despite the soft market, more
than 85% of the 32 units priced
around RM1.2 million each were

Opening of Queens Residences


Penang sales gallery
Date: Dec 22 (Thurs onwards)
Time: 10am to 5.30pm
Venue: Level R, Ideal @
The One, Jalan Mahsuri,
Bayan Lepas, Penang
Contact: (04) 645 6888
Queens Residences @ Penang is
another condominium project
by Ideal Property Group. The
developer invites all to visit
the new sales gallery from Dec
22 onwards. The sales gallery
will be open six days a week,
from Monday to Saturday.

Christmas workshop
Date: Dec 24 and 25 (Sat and Sun)
Time: 2pm onwards
Venue: Star Avenue Lifestyle
Mall, Jalan Zuhal U5/177, Bandar

Date: Dec 18 to 25 (Sun to Sun)


Time: 11am to 12pm and
4pm to 5pm daily
Venue: Pirate Adventure, Melaka
Alive, Jalan Parameswara,
Bandar Hilir, Melaka
Contact: (03) 7877 2828
LBS Bina Group invites all to

prising 70 units of shopoces and


a retail centre with a dedicated
car park.
The group is acquiring the land
from its single largest shareholder, the Armed Forces Fund Board
(LTAT), which controls 60.92% of
the group, for RM172.78 million.
The land comprises a parcel
of vacant commercial land (5.75
acres), a vacant car park lot (0.96
acre) and 70 parcels of vacant,
terraced commercial shop plots
(4.03 acres). All land leases expire
on April 25, 2095.
Boustead told Bursa Malaysia
on Dec 19 that LTAT was granted
a development order by the Kuala Lumpur City Hall on May 16
this year for a mixed development
comprising commercial plots, car
park plots, subdivided plots for
shopoces and other ancillary
structures.
Development is expected to begin in the last quarter of 2017.

How do I get past


issues of this
weekly pullout?

Go to

TheEdgeProperty.com
to download for free

If you have any real estate-related events, email us at propertyeditor@bizedge.com.


Events listed here will also appear on TheEdgeProperty.com.

Pinggiran Subang, Shah Alam


Contact: (03) 9221 8888
Mah Sing Group Bhd is organising
a series of hands-on clay art, socks
snowman workshops and live
band and dance performances to
celebrate the festive season at its
Star Avenue Lifestyle Mall. There
will be free sundaes for redemption
by the rst 20 shoppers.

LBS shopping voucher


giveaway

look like a luxurious semi-detached unit. In fact, there is already a waiting list for the next
phase which will be launched in
2017, he said.

meet Father Christmas at 11am


to 12pm or 4pm to 5pm at The
Pirate Adventure in Melaka
Alive theatre. The developer
will be giving out shopping
vouchers and special surprise
gifts. Fun activities will also
be held in conjunction with
the Christmas season.

Malaysian Furniture and


Furnishings Fair
Date: Dec 24 to 26 (Sat to Mon)
Time: 10.30am to 9pm
Venue: Kuala Lumpur Convention
Centre, Jalan Pinang, Kuala
Lumpur City Centre
Contact: (03) 6140 1202
The Malaysian Furniture and
Furnishings Fair is back again
with new promotions. Spend
with credit cards to enjoy a
0% interest instalment plan
up to 36 months. There will
also be gift redemptions with
every RM500 spent in a single
receipt and lucky draw for
every RM1,000 spent. RM50,000
worth of prizes and cash will be
given away in the three days.

Matrix Concepts
Santa Factory
Date: Dec 24 and 25 (Sat and Sun)
Time: 11am to 9pm
Venue: dTempat Country Club,
Bandar Sri Sendayan, Jalan Pusat
Dagangan Sendayan 1, Seremban
Contact: 1 800 88 2688
Matrix Concepts celebrates the
year-end festive season with
Christmas-themed activities
at its Bandar Sri Sendayan
township project. The two-day
family-friendly celebration
is open to all. Among the
activities include keychain
making, screening of Christmas
movies, poolside Christmas
fun, macaron decorating,
DIY Christmas craft making,
ginger bread decorating and
Christmas photo frame making.

TEP

FR I DAY DEC EM B ER 2 3 , 2 0 16 TH EEDGE F I N AN C I AL DAI LY

COVER S TORY

YEAR-END SPECIAL

LIFESTYLE
INFLUENCERS
and their take on the
property market in 2017
BY TAN AI LE NG , RAC HE L C HE W, NATALI E K HO O, S HAWN NG + LU M K A K AY

hey are familiar names among


netizens in Malaysia. You may
have read their blogs, watched
their YouTube videos or are already among the thousands
of followers of their Facebook
and Instagram accounts that provide constant updates on various lifestyle topics
including food, fashion and travel. Some
of them have more than a quarter of a million followers.
But what would these influencers think
about the real estate market in Malaysia? Do
they even think about investing in properties? As expected, they are no experts. Like
many of us, some of the younger ones are
trying to own their first property while the
older ones are aiming to build an investment portfolio. But you may be surprised
at how serious they are about the subject,
with many believing that owning a property should be a priority in life.
For TheEdgeProperty.coms year-end
issue, we asked some of these popular
figures and online business entrepreneurs
to share their views about the Malaysia
property market outlook in 2017. They are
Tiong Sue Lynn aka Bangsar Babe, fashion blogger Bobo Stephanie, charisowTV
founder Charis Ow, BloomThis founder
Giden Lim, Grim Film founder Jared Lim,
Cocoraw founder Lee See Pin, KFit founder
Joel Neoh, the duo behind KampungboyCitygal.com blog Lex Lim and Chin Wei
Zhi, founder of KYspeaks.com Teoh Kar
Yeong, co-founder of LOKL Coffee Ng Ping

Ho, founder of automotive portal paultan.


org Paul Tan, director at VM Studios Venice
Min and founder of vkeong.com Lum Voon
Keong, who were all rather surprised when
approached for their views on the subject.
Nevertheless, their replies provide a
good insight into how the general public,
especially the younger generation, view the
current slowdown in the economy and the
property market.
Although they come from different backgrounds and varied industries, all of them
shared a similar cautious stance when asked
about 2017s property market outlook. Most
of them think the overall market will continue to be gloomy due to the slowdown
in the economy coupled by the weakening
ringgit as well as political uncertainties.
Some of them said they are already feeling the pinch of the current slowdown. One
blogger who is selling a property she owns
said interested buyers have been offering
her prices far lower than the asking price.
However, many among them did not
discard the possibility of buying a property in 2017 despite the blue outlook as they
believe there could be buying opportunities
in a downturn. In fact, 11 of them are keen
on hunting for good deals in the market,
and some are even on the lookout for land
deals for investment or to build their own
house. They certainly know a thing or two
about property investing!
Lets see what else these young bloggers
and social influencers have to say in the
following pages.

TEP

F R I DAY D EC E MBE R 23 , 2016 T HEED G E FINA NCIA L DA ILY

COV ER S TORY

YEAR-END SPECIAL

Recovery only in 2018

f you are a food and travel lover, KYspeaks.com is


probably not an unfamiliar name to you. As one
of the forerunner blogs in Malaysia, KYspeaks.
com was established in 2005 by Teoh Kar Yeong.
Since then, it has become a useful compass for great
food and a guide to travelling.

Property investment
is a long-term income
generator

irst created back in November 2007, Bangsar Babes blog began as a platform for Tiong Sue Lynn to share her thoughts
on topics that fancied her. The blog became so popular that
before she knew it, she had attracted over 500,000 followers. This
led her to register a trademark for the name Bangsar Babe. Besides
busy updating her blog, Tiong also set up her own digital marketing
agency Rhombus Consulting late last year.

Looking for a good deal


The property market may be seeing a downturn amidst local and
global economic uncertainties but that will not deter Tiong from
buying a property if it is a good deal. After all, she believes property investment is a stable income generator for a long-term financial plan.
The blogger has felt the impact of the market slowdown herself
especially when she received offers for her apartment asking for
over 30% discount on the asking price.
Im constantly looking for a good time to cash out but I am
not in a hurry to sell my properties. However, I am quite surprised
with the offers I have recently received as
I thought after some years of holding the I expect the
property which I bought five years ago,
it should be worth more than before, market to pick
she tells TheEdgeProperty.com, but de- up by the third
clines to reveal the asking price of the
quarter of
said property.
Despite the market slowdown, Tiong next year.
is still keen on looking for investment opTiong
portunities if a good deal arises.
Tiong currently owns two high-rise
properties in Old Klang Road, Kuala Lumpur which she purchased
about five to six years ago for investment. Currently, these two
properties are being rented out.
Expects recovery in second half of 2017
The economic slowdown has impacted every sector, including the
property sector. However, I expect the market to recover gradually
and pick up by the third quarter of next year when global economic
conditions are more stable, she adds.
A good property could be an income generator in the long term,
especially mid-range condominiums that are located in good locations as they will definitely fetch a decent rental yield, she offers.
Her choice location
Born and bred in upmarket Bangsar, KL, she hopes to find and
purchase a landed property in the area.
If money is not an issue, I will purchase my dream home in
Bangsar as this is a place I am familiar with. It will be a landed
home. Now Im staying in a condo. High-rise living is nice but I
prefer a landed home as it could provide more space for my family members.

Stagnated prices signal continued decline


The founder of the popular blog deems the Malaysian
property market in the dawning year to be similar
to the passing year as there is not much upside to
the economy in the foreseeable future.
Maybe I will
The property market
this year is bad due to the buy a landed
slowdown in our economy
unit with extra
and the weakened ringgit,
land for a
Teoh tells TheEdgeProperty.com.
garden or sh
Property prices have
pond ...
stagnated and seems to
have declined in some cas Teoh
es, so the market in 2017
is most likely going to be
KYspeaks or Teoh Kar Yeong
weaker than the previous years, he opines.
Teoh thinks that the market will recover by 2018
Food and travel blogger
as the outlook for oil prices will be brighter.
Hopefully by 2018, the global oil price could
see a bit of increase and indirectly contribute to the
general health of the Malaysian economy, he adds. for a garden or fish pond with a price ranging from
RM800,000 to RM1.2 million in Petaling Jaya or Shah
Will buy if nancing capability permits
Alam, since [these areas] are where Im most familiar
Nevertheless, Teoh, who currently owns one ter- with, he says, adding that a good condo in the viciniraced house each in Petaling Jaya and Shah Alam, ty of KL city centre could be in consideration as well.
does not rule out the possibility of buying another
However, the plan will depend on my loan afproperty next year.
fordability and repaying capabilities on existing
Maybe I will buy a landed unit with extra land liability, Teoh notes.

Weak ringgit and global


uncertainties to cloud local
economy in 2017

iow Ji Yee is more popularly known as Bobo


Stephanie, a fashion forward blogger who
updates her blog of more than 25,000 page
views monthly at www.bobostephanie.com on
her current fashion favourites. She is an avid
traveller as well who loves sharing her travel
experience and tips. She is also the director
of Specialist Mobile Safety Supplies Sdn Bhd
whose business activities include trading and
supplying environmental sampling equipment
and emergency facilities.

2017 will be just as bad


Siow doesnt seem too happy with the current
state of affairs both in and outside the country,
what more the property market, which she describes as bad.
The property market in
Perhaps 2016 was bad due to the overin some segments while
the market supply
property prices were stagnant
will recover in general.
I dont think the properafter the ty market
in 2017 will be very
next general much different from 2016 due
the weak ringgit and unelections. to
certain global politics, she
Siow laments.
Perhaps the market will
recover after the next general elections, she
hopes, referring to the Malaysian general elections which Prime Minister Datuk Seri Najib
Razak said could be held anytime soon.

Prefer to rent in 2017


Siow currently owns a condo in Sungai Besi
called The Leafz and does not have plans to
buy another in the near future until the market/economy gets better.
She is hoping that rental yields and property
prices especially high-rise residences will pick
up when the economy picks up. For now, given
a choice, she would rather rent than buy considering that its a tenants market right now.

TEP

FR I DAY DEC EM B ER 2 3 , 2 0 16 TH EEDGE F I N AN C I AL DAI LY

COVER S TORY

FRI

YEAR-END SPECIAL

Poor market sentiment


will aect everything including
the property industry

ouve probably seen Jared Lee on short


funny videos which his company, Grim
Film Sdn Bhd, produces. Lee runs a production house and YouTube channel called
Grim Film with more than 135,000 subscribers and 170 videos. Besides that, he operates
an event space called Pintu Suka Hati in
Bandar Sunway and is also the co-founder of
a caf called Morningwood located in Subang
Jayas SS15.

Oversupply dampens
market recovery
In responding to TheEdgeProperty.coms poll, Lee says he expects
the property market in 2017 to
be worse than 2016 because the
supply of properties will continue to increase even if demand
doesnt increase (oversupply).
The country is unstable, the
ringgit now is so weak and itll
affect everything, not just the
property market, says Lee, add-

ing that at this rate, he is not sure when the Malaysian property market will recover.
Lee feels that the property market in 2016
was bad because there were too many new developments and not enough buyers to absorb
the supply, while rent rates were dropping because there was a lack of renters in the market.

Seeking a landed property with a


reasonable price tag
Currently, Lee owns a landed property in Subang
Jaya and may decide to buy another property next year depending
The country is
on how stable the country gets.
It would be in Subang Jaya with
unstable, the
a price range between RM650,000
ringgit now is so and RM800,000, because it is still
relatively affordable in my opinion,
weak and itll
given that Subang has no more land
aect everything, to build and is freehold. A price that
would give you a landed property in
not just the
Jaya would not give you a
property market. Subang
decent condo in PJ or the Damansara areas, he notes.
Lee

Hidden opportunities
As a business owner, Lim
has observed that there are
some investment opportunities hidden in the slow market. He is looking for one but
is not in a hurry to make any
buying decision, the 34-yearold entrepreneur tells TheEdgeProperty.com.
There are opportunities
to scout for good deals espe-

cially during times of economic uncertainties, but in the current market condition, I
will only buy when its really a good deal,
he explains.

Treading cautiously amidst


uncertainties
At the same time, Lim also expresses his
concern over the current sluggish market
condition.
The countrys economy is slowing down,
the ringgit is depreciating further and the
current political state is unstable. Banks
are taking a more conservative approach
in approving loans and the overall buyers
sentiment is looking bleak, Lim notes.
He has observed that the
property market is now in the
cycle. It has been on a
The next property down
decline since 2013 and the inmust be located troduction of the Goods and
in a centralised Services Tax (GST) in 2015
further affected buyers sentilocation with easy ment. My hunch is that it will
accessibility to take another two to three years
to start recovering, he opines.
main roads or
Looking forward, Lim says
2017 will not be much differhighways that
as economic uncertainty
connect to major ent
is still lingering, both internally and globally.
hubs. Lim

its
blo
un
eve

wh
tos
blo
foo
sia
ari
adv

Ma
im
On
ty
wo
scr
act
are

Good investment opportunities


hidden in the slow market
rowing up in a family which runs a
traditional florist business in Penang,
Giden Lim and his fiance Penny
Choo decided to change the brick and mortar business model to an online platform by
setting up their own company, BloomThis
Flora Sdn Bhd, in 2015.
BloomThis specialises in delivering handpicked fresh flowers packed in
eco-friendly boxes to its subscribers as well
as individual customers. The channel offers
a surprise factor to customers as they do
not pre-choose the flowers.
BloomThis is now receiving hundreds of
weekly subscriptions and the company is
looking at expanding the network to other
places outside Penang and
the Klang Valley.

Properties in the affordable pricing will perform better while properties in the RM500,000
to RM1 million range will be flat or on the decline, he adds.

A property to bloom his business


Lim is now on the lookout to expand his growing business. On my future investment plan,
Im looking for a commercial property where
I can operate my florist business.
He says that the next property must be located in a centralised location with easy accessibility to main roads or highways that connect
to major hubs in the Klang Valley.

TEP

F R I DAY D EC E MBE R 23 , 2016 T HEED G E FINA NCIA L DA ILY

COV ER S TORY

YEAR-END SPECIAL

Buyers have a lot of


choices in the market

harisowTV was established in 2014 as


a platform for sharing beauty tips and
tutorials, fashion guides and travel experiences over YouTube. charisowTV was set
up with the intention of impacting and helping others to be their own makeup artist and
fashion stylist. Amongst some of the brands
that Charis Ow has worked with include GAP
Inc, P&G and Estee Lauder. Aside from that,
she also co-hosts Fun Taiwan, a long-running Taiwanese travel programme which airs
on Discoverys TLC Asia, with Janet Hsieh.

Market will recover in 2017

ex Lim and Chin Wei Zhi, both


31, are the couple behind the
popular food and lifestyle blog
KampungboyCitygal.com. From
its inception in December 2005, the
blog has grown and has about 3,000
unique visitors and 8,000 page views
every day.
Chin is the voice behind the blog
while Lim is responsible for the photos. Many readers have referred to the
blog for their comprehensive list of
food haunts in Malaysia and detailed itineraries of their travelling
adventures.

Market will
improve
On this years property market, the couple
would use bad to describe it as both transaction value and volume
are down year-on-year.
T h e Ma l ay s i a n

property market in 2017 would be


better than 2016 because weak market
sentiment caused by low commodity
prices, the weakening currency and
GST implementation will improve,
says Chin.
She also expects the market to
recover sometime in 2017 as the
number of property launches has
reduced. We might [also] see some
relaxation in home loan approvals,
she says.

We might
also see some
relaxation in
home loan
approvals.
Chin

Future investment
The couple, who got
hitched in 2013, is currently living in a condominium unit in northern
Kuala Lumpur. They will
be looking to purchase
a property, preferably a
landed one located in the
Klang Valley, capped between RM1 million and
RM1.2 million, in 2017 for
investment purposes.

Charis Ow
Vlogger and founder of charisowTV

Buyers market
Ow notes that this year, buyers have a wide
variety of properties to choose from while
developers have been giving a lot of discounts. This year, the majority of properties had stable prices and did not fluctuate
but prime areas in town were ridiculously
expensive, adds Ow.
Ow feels that 2017 may be worse than
2016 because of the difficulty in obtaining
bank loans. However, we may also see a
more affordable situation as there are more
surpluses in the market, which will see
rates becoming more
competitive. Hence,
the chances of being able to purchase ... prime areas
properties in prime in town were
and emerging areas
ridiculously
will also increase,
she notes, adding expensive.
that things may look Ow
better from 2018 onwards due to the possible economic improvement after the
2017 stabilisation.
Eyeing a good buy in 2017
Ow does not own a property for now but is
looking to buy a property for investment
purposes in 2017 or the years to come.
Ill be looking at a condominium with a
price range of approximately RM600,000 to
RM800,000 in the Klang Valley with proximity to public transportation and corporate
towers, says Ow.

It will take a few years for demand to catch up with supply

oel Neoh is a familiar name to many Malaysians and even Asians who have been
following the developments of young entrepreneurs. He won the 2012 Ernst & Young
Emerging Entrepreneur of the Year for his
successful start-ups, namely Groupon and
Says.com (which later merged with Catcha
Media) before he left for another start-up,
KFit, last year.
Just last month, KFit bought over Groupon Malaysia following the acquisition of
Groupon Indonesia in June.

Market slowdown part of property


cycle
Despite his success in entrepreneurship,
Neoh tells TheEdgeProperty.com that he is
not super active in the property market.
However, he does own houses in Bangsar,
Petaling Jaya and Subang Jaya for investment purposes.
He believes the market has more supply
than demand now.
Through observation and conversations
with friends in the industry, it seems that all
the key stakeholders (developers and buy-

ers) this year have to be more cautious and


are holding back on developing and buying
further. This is perhaps also influenced by
the general 10- to 12-year property cycle,
where we experienced a boom in demand
for the past few years and now there is an
oversupply, Neoh explains.
I believe the property market will not
be very much different from 2016 because
Id think that it will take a few years for demand to catch up with the current available
supply, Neoh notes.
He declines to comment on when he expects the property market to recover. As Im
not from the industry, my guess is purely
speculative at this point. So Id rather pass
on this question and not fall into the bucket
of speculation feedback.

Seeking sizeable land for long-term


investment
[I like] the Bangsar and Damansara Heights
areas as these locations are strategically in
between Kuala Lumpur and Petaling Jaya.
[Im also] open to exploring other areas that
have the same convenience in location,

I like the Bangsar


and Damansara
Heights areas as
these locations
are strategically in
between KL and PJ.
Neoh

Neoh replies when asked where his


favourite property hotspots are.
I may buy a new property in 2017.
Im looking for a land size [with or

without a house] of 8,000 sq ft to


12,000 sq ft priced around RM500
psf to RM800 psf for long-term own
stay, Neoh reveals.

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FR I DAY DEC EM B ER 2 3 , 2 0 16 TH EEDGE F I N AN C I AL DAI LY

COVER S TORY

YEAR-END SPECIAL

More gloomy days ahead

g Ping Ho is the co-founder of


LOKL Coffee a charming cafe
hiding in the historic heart of
Kuala Lumpur on Jalan Tun HS Lee.
It specialises in both Malaysian and
Western coffee brews. The 43-year-old
entrepreneuer started LOKL Coffee
in 2012, together with his wife Cheryl Samad, as a small cafe tucked in a
corner of BackHome a backpacker
hostel co-founded by Ng in 2009.

Purchasing
power waning
Ng expects Malaysias property market
in 2017 to slow down
further considering
the uncertainties in
the overall economy.
Peoples purchasing
power is weakening,
he says.
The market was
bad this year as people are more cautious
about buying, renting
and investing in prop-

erties, but I think next year would be


worse because bonuses and increments given by employers will be less
than the previous years so people will
feel the impact, he adds.
People in general and even property
developers will also be more prudent
with their projects, he says.

Recovery dicult
to predict

Bangsar is his pick


Going forward, Ng does not plan to
buy any property in 2017
as he had just bought
a home of his own in
Bangsar, KL.
I bought a bungalow
People in general in the area because I reand even property ally liked the neighbourhood. It offers high-end
developers will be quality retail shops and
more prudent with restaurants. It also has
a wet market, pharmatheir projects.
cy, and other ready and
convenient amenties,
Ng
he offers. The community is also mixed with
people from all walks of
life living in the area.

ee See Pin was one of the pioneer


lifestyle bloggers in Malaysia.
She was an active blogger until
recently when she founded Cocoraw
Enterprise. Lee was a media relationship executive for seven years before
she quit and decided to pursue her
passion for desserts and chocolates
and set up Cocoraw Enterprise to
produce fresh handmade chocolate
truffles, early this year. Cocoraw is
known for its innovative chocolates
with flavours such as white coffee and
gula melaka.

One step closer to her


first property
The smooth business startup has not only made Lees
future career pathway clearer, but has also brought her
property purchase dream
one step closer.
I have always wanted
to buy a place of my own.
Cocoraw could make this
dream come true but not
at this moment as Cocoraw has just started.
Cash flow is very crucial
at this stage. Also, property prices are ridiculously high. Getting anything
decent within Kuala Lumpur under a rather small

budget that I have is a big challenge,


shares Lee.
However, she is still on the lookout.
Yes, maybe I will get my first property in 2017. Ideally, I would love a
landed property within the Bangsar
area for my own stay as I grew up here
and love it here. However, it depends
on the development of my business.

Global uncertainty doesnt help


local recovery
Lee adds that the economic outlook
is another issue to consider before
making her purchase decision.
Im not in this [property] industry, so
I cant say when the property market will
recover. Personally, I
think it is hard to predict because there is
so much uncertainty
in the global econoIdeally, I would my. For example, the
recent drop in ringgit
love a landed
after the unexproperty within right
pected Trump victhe Bangsar area tory in the recent US
Lee opines.
for my own stay as election,
She deems the
I grew up here and Malaysian propermarket in 2017
love it here. Lee ty
to differ little from
2016 as a result of
the global uncertainties.

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FR I DAY DEC EM B ER 2 3 , 2 0 16 TH EEDGE F I N AN C I AL DAI LY

COVER S TORY

YEAR-END SPECIAL

Properties must be priced right to match demand

ang Tun Yau, 27, is the editor of Lowyat.net,


an online publication that focuses on technology and gadgets.

Pang says there is a need for more affordable


properties especially in the Klang Valley.
The influx of people from different parts of Malaysia coming to work in the Klang Valley necessitates
Aiming to buy his rst property
the amount of new projects being built here, but the
As a 20-something, Pang knows the struggles of
projects being built do not reflect the economic stayoung urban Malaysians working
tus of those moving into Kuala Lumpur
in the Klang Valley first hand. Yet to
and other urban areas.
own a property, Pang was actively
Even in the secondary market, good
hunting for one earlier this year. But
value properties are becoming harder
Unless there are to find, he adds.
the price of some of the projects I
found were somewhat unrealistic.
some measures Market just as gloomy next year
Plus, with the economic and political
uncertainties in the country, I found taken to alleviate Meanwhile, Pang says the property
it too risky to place a huge chunk of
the living costs market in 2017 will not be very differmy income on an investment over a
ent from 2016.
in urban areas,
few decades, he says.
Because with the opening of the
Nevertheless, he may buy a propthis bubble may MRT stations around the Greater Klang
erty in 2017 or in the following year
Valley area, the prices of properties
depending on the pricing and loca- continue to grow. around the stations and future stations
tion the two major factors that will
will continue to appreciate.
Pang
weigh on his buying decision.
Given the fact that most young
He would also prefer to own an
employees struggle to save enough
apartment than a landed home for
for a property of their own, the rental
easier maintenance.
market may spiral beyond affordabilAt my current salary, I cannot afford anything
ity, he says.
beyond RM500,000 which is why I would also conOn expectations for property market recovery,
sider joint investing with a family member or a
Pang does not sound optimistic. Im no econoclose friend if there is a property I really like but is
mist, but unless there are some measures taken to
beyond my budget.
alleviate the living costs in urban areas especially
I would prefer investing in a location within the
in the Klang Valley, where I stay this bubble may
Klang Valley, and a location thats easily accessible
continue to grow.
for commuters. The property I buy may initially be
Not to mention the fact that plenty of young
for investment purposes, but I may want to move
employees these days simply do not know how to
into it should the need arise in the future, he says.
save up for a rainy day, he adds.

Look for opportunities in a buyers market

he technology-savvy Lum Voon


Keong set up vkeong.com in 2006
to share his passion for food and
travel. It is today considered one of the
most reputable and fastest growing Malaysia-based international food and travel
blog with about 40,000Facebook likes and
250,000page views per month.

and segment? Because, he says, there


would be strong demand for such homes
in future due to their limited supply. They
also offer better potential for capital appreciation, he believes.
However, I have yet to spot a potential
unit to buy as I havent started hunting
yet, he adds.

May consider buying next year


Market may be worse in 2017
Lum, who currently owns and lives in a
The property market in Malaysia in 2016
landed terraced house in Kepong, Kuala
has been bad because of the gloomy ecoLumpur is looking to buy another unit for
nomic outlook and the falling ringgit.
investment in Kepong and Petaling Jaya
Next year could be worse as people will
next year as he believes it
adopt the wait-and-see
will be a buyers market
approach even more than
going forward.
this year especially with
The market
He has rather specific
the general elections
requirements for his next
performance does coming up, Lum tells
property buy and states
not concern me as TheEdgeProperty.com.
his preference for a corner
Nevertheless, the
long as I am able to market performance does
landed house in mature
areas with amenities and
concern me as long
hold my properties not
within the price range of
as I am able to hold my
comfortably.
RM800,000 to RM900,000.
properties comfortably,
Why this property type
he says.
Lum

FRI

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F R I DAY D EC E MBE R 23 , 2016 T HEED G E FINA NCIA L DA ILY

COV ER S TORY

YEAR-END SPECIAL

Building his own home

aul Tan is the man behind Malaysias


top automotive portalpaultan.orgas
well as the managing director of Driven Communications Sdn Bhd, a publishing,
marketing and event management company
which targets the automotive industry.Tan
started blogging about the Malaysian automotive industry in 2004 and incorporated Driven Communications with his close
friend Harvinder Singh Sidhu
in 2008.

Pessimistic outlook
The 32-year-old Tan thinks the
property market was stable for
the year 2016. It was stable
because banks still seemed to
give out loans at decent interest rates to those who could
actually afford properties, he
tells TheEdgeProperty.com.
However, for 2017, Tan
views the property market in
Malaysia to be bad because
people may start to hold off

An avid property investor


Tan owns a few properties in Selangor two
houses in Shah Alam, an office lot in Glenmarie, and an apartment in Canary Wharf,
London. Moving forward to 2017, Tan says
he does not plan to add to
his property portfolio anytime soon as he had just
bought his second house
I have been quite this year.
As for his dream home,
disappointed with
Tan says he is building his
the quality of some own house on a vacant
houses that I have land.
I have been quite disseen especially
appointed with the quality
those in my budget of some houses that I have
seen especially those in
range. Tan
my budget range which
I want to upgrade to, he
laments.

Buying a property? Do your research rst!

any would have seen her on billboard advertisements and magazine


covers. Having started a modelling
career back in Penang when she was 17,
Venice Min has certainly come a long way
since. She is currently a friend of Swarvoski
Malaysia, the face of Sony A5100 Malaysia
as well as the ambassador of fashion brand,
Merimies. She is also collaborating with
big fashion houses including Coach, Michael Kors and Kate Spade. Just recently,
she started her own company VM Studios
Sdn Bhd which specialises in content and
event strategies.

investing in a condo, probably a studio unit


where I can rent out. Probably in the price
range of around RM500,000 to RM800,000.
I can resell the condo in the future and
earn from the capital appreciation of the
property over time, says Min, who currently
owns a landed residential property in Penang.

Market needs time to recover


Min notes that the property market in 2016
has been slow as many middle class residents
are finding ways to cope with the increasing
living expenses and may find it difficult to
buy a property. Property prices in Kuala
Lumpur and Petaling Jaya are high. Coupled
Buying for own stay and investment
with the inflation of prices in goods, an avSince moving down to KL from Penang, Min
erage middle income earner may not have
has been harbouring
enough savings if they were to invest
plans to buy a property
in a property, she says.
for her own stay as well
Min foresees the Malaysian propas for investment.
erty market wont be very much difHowever, she is taking
ferent from 2016 as the general Maher time as she believes
laysian economy will take time to
The property
that buying property restabilise from factors such as the fall
quires a lot of research
market will not in the ringgit.
such as on the location
The US recently elected a new
of a property and the sur- recover overnight president and as our economies are
rounding areas as well
but over a period all tied together with other countries
as the amenities nearby.
such as the US, we will need to wait
of time. Min
I would like to buy a
and see what the markets reaction is
landed property in the
to this event, she adds.
Klang Valley for my own
The property market will not restay.
cover overnight but over a period of
In terms of investtime. Things may look up again after
our general elections, she concludes.
ment, I am looking at

purchases because of global economic uncertainty. He cant really say when the
property market will recover.

11

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FR I DAY DEC EM B ER 2 3 , 2 0 16 TH EEDGE F I N AN C I AL DAI LY

F EATUR E

FRI

YEAR-END SPECIAL
PHOTO BY METAL BEES

The

Met

Metal Bees converted


a factory in Sunway
Damansara Technology
Park into a photo studio
and event space.

Ugly ducklings
no more
Creative ways in redesigning spaces for businesses to thrive
BY TAN AI LENG

pace has always been a valuable commodity, and modern demands have
prompted many innovative entrepreneurs to turn it into creative cash cows.
Factories have been converted into
event venues or restaurants, injecting
new life into overlooked markets. Residential properties located in prime locations, especially along
high-traffic roads, have been converted to offices,
food and beverage outlets, furniture showrooms
and service centres.
ExaStrata Solutions chief real estate consultant
Adzman Shah Mohd Ariffin says the market has
seen an increased number of
properties being utilised for
functions for which they were
not originally intended.
This will provide property owners the opportunity to
utilise their properties for the
highest returns and best use
since they may be too small
or too costly to be redeveloped
into commercial premises, he Adzman: An
increasing number
tells TheEdgeProperty.com.
Adzman cites several good of properties are
examples overseas, such as utilised for other
the London Battersea project, functions.

where derelict industrial buildings have been converted into


living spaces, office accommodation and retail buildings.
Property owners in Malaysia can take the cue from these
examples but will need to look
into the cost of land use conversion versus the creation of
enhanced value, he counsels. Thor: Redesigned
However, the land use con- spaces for businesses
version premium varies depend- have become a trend.
ing on the local government. For
example, the bungalow owner of
a designated commercial zone in Petaling Jaya will
have to pay a land premium of between RM300,000
and RM500,000, if he or she wants to convert the
residential title into limited commercial usage.
Real estate technology and data solutions provider RE Solutions CEO Thor Joe Hock says it has
become a trend for restaurateurs and event space
providers to convert warehouses or factories into
new commercial spaces.
For example, Glass House in Seputeh and the
Kong Heng building in Ipoh, which houses a boutique hotel (Sekeping Kong Heng), F&B, retail units
and an activity space, have attracted many local and
foreign tourists, he highlights.
Thor notes that the other reason these places are
gaining popularity is the rising space rental cost of

conventional premises.
Take wedding receptions,
for example. The rental of a
dining hall in convention centres or hotels might be quite
costly. Hence, many couples
who want an unforgettable
wedding reception might turn
to alternatives which could
Lim: Adding new
create a sweet memory but
elements to old
with a lower budget, he says.
buildings could
Historical buildings are
create more value.
popular avenues for such
conversions too, as pointed
out by Raine & Horne International Zaki + Partners Sdn Bhd executive director Lim Lian Hong.
He says most historical buildings may not fetch a
good price in the subsale market due to the condition of the buildings.
He also notes that prohibitions against demolition and rebuilding exercises for these heritage
structures make them less compelling to buyers
even if they are in good locations.
However, Lim says, by enhancing the faade or
adding new elements to the old buildings, business
owners could ride on the historical advantage to
create more value to the buildings and revive their
significance.
Here are some examples of how an ordinary
space could become the talk of the town.

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the
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ser
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tha

and
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or
som
fa
ent
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ip M
Ho

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F R I DAY D EC E MBE R 23 , 2016 T HEED G E FINA NCIA L DA ILY

19

FEATUR E

YEAR-END SPECIAL
BEES

APW

The historical printing


plant is now a hip place
for events, F&B and
co-working space.

The industrial design of Metal Bees has attracted companies looking for a unique event space.

SAM FONG

APW
Leveraging
historical elements

Metal Bees has hosted automotive showcase events.

Metal Bees
Working the minimalist concept

ns,
of a
enuite
les
ble
urn
uld
but
ays.
are
ch
ted
artng.
ha
on-

moage
ers

e or
ess
to
heir
ary

Founded by a professional photographer, Steve Koh, and an architect, Anthony Yong, the 4,000 sq ft factory space in Sunway Damansara Technology
Park has been turned into a photo studio and event space.
Established in 2010, Metal Bees started as a photo-shooting studio mainly for own use.
Koh and Yong acquired the premises in 2010 and took three months to
complete the overall renovation, spending approximately RM5 million in all.
According to Koh, the industrial-style design of the building, featuring
raw elements such as cement, brick walls and steel columns, has appealed
to their customers, who requested
to rent the space for events. Hence,
the company decided to diversify
the business from solely providing
services to renting spaces.
There are quite a number of enquiries as people are looking for a
venue which is out of the norm, rather
than conventional venue buildings.
The high ceiling, spacious layout
and raw finishes of the building have
offered an ideal photo shoot space
or event place for people who want
something different, he explains.
Yong notes that apart from the
faade, Metal Bees also offers differ- Koh: Customers are looking for event spaces
ent venue choices based on size to which are out of the norm.
cater to different needs and budget.
There are four studios, equipped
with WiFi, air-conditioning and power
points, as well as a rooftop space for
rent. In addition, there is a full time
manager and assistants available to
attend to the studio hire needs and
facilitate other services such as equipment rental.
Since its establishment, various
activities including product launches and press conferences have been
held at Metal Bees. Targeting production houses, event companies, private
and corporate companies and direct
clients, Metal Bees has hosted Philip Morris, McLaren, Chivas, Adidas, Yong: Metal Bees oers dierent venue
choices to cater to dierent needs.
Honda, Nissan and Shu Uemura.

Art Printing Works Sdn Bhd (APW) in Bangsar


was established as a family-run printing plant
in 1952 before third generation successor, Ee
Soon Wei, turned it into an event, F&B and
co-working space centre, making it a popular
chilling place for city dwellers.
Situated at Jalan Riong in Bangsar, APW is
adjacent to the New Straits Times office and
Malaysian Institute of Architects office as well
as opposite Nadi Bangsar, a luxury serviced
apartment.
The prime 70,000 sq ft land could have easily
been disposed for handsome returns, but Ee,
CEO of APW, decided to keep the heirloom
and evolve it into another business model.
Ee still preserves the printing business which
is already fading out, but has turned other
spots into functional spaces which could draw
crowds.
I am now building the ecosystem of functional space. This could be a model of the industry, says Ee.
While the printing section is maintained,
others have been remodelled into an F&B area
for start-ups, an exhibition area which showcases ancient copper and wood typesetting
tools, and a retail shop which is now tenanted
by The Pulp caf.
Apart from this, Ee has also added another
level to the single-storey warehouse to fit in a
co-working space named Uppercase, which
comprises small office units, meeting facilities
and open co-working spaces for freelancers or
self-employed entrepreneurs.
Ee discloses that he has invested about
RM1.4 million in the maintenance and refurbishment of the building.
[The cultural element] of this part in Bangsar is slowly taking shape. APW could be a cul-

The printing plant


business is still
preserved, but it has
been scaled down.

Ee: Selling the land could be the easiest way but evolving
the building is a more meaningful mission.

tural heritage in the future and I want to create


a space where people nearby can come to work
and play, says Ee.
TheEdgeProperty.coms recent listing showed
that a piece of residential land, with a land area
of 21,851 sq ft, located about 2.6km from APW,
is asking for RM15.2 million or an average of
RM700 psf.
Selling land could be the easiest way when
the business is slow, but what about the livelihood of the workers who have been helping us
to build our business since day one? replies Ee
when probed.
Evolving is one way of bringing APW back to
profit again, but Ee has a greater mission to accomplish as he wants APW to become a place for
learning and where people get inspired.

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FR I DAY DEC EM B ER 2 3 , 2 0 16 TH EEDGE F I N AN C I AL DAI LY

F EATUR E

FRI

YEAR-END SPECIAL

PHOTO BY W_ARE_HOUSE

W_are_house
Bringing vibrancy
to a secluded area
Elaine Loh, the founder of W_are_house, was a
stewardess before starting the event space business together with her partner, Vincent Ng.
While searching for an accommodation in
the Klang Valley to facilitate her frequent travelling, she discovered an abandoned shoplot that
sparked off the idea of marketing it as an event
space.
After we saw the rustic interior of the warehouses, we started to think about transforming
the space into an industrial-style interior as it
would be cool to have a place like this to chill
with friends during the weekends, she recalls.
However, their plan did not materialise as
the owner decided not to let out the property.
After some discussions, the couple decided to continue searching for another place and
turn the spontaneous idea into a real business.
We found this warehouse in USJ 19. It took
us less than a year to kick-start the business. We
managed to lower the cost by reusing things
such as old furniture and wood pallets, which
we found around the industrial area near the
warehouse, Loh shares.
The 1,700 sq ft W_are_house welcomed their
first customers in June last year, Since then, it
has catered to simple gatherings, formal meetings and company annual dinners as well as
live performances and music video shootings.
Many interesting and unforgettable events
have been held here. We even had a client who
organised a proposal and registry of marriage
here. Sometimes, we get to meet local celebrities and public figures during the private functions, Ng enthuses.
He notes that there is an increase in demand
for event spaces as many people want to host
an event in home-like private cosy places which
are nicely decorated without having to worry
about the post-event cleaning-up.
What makes us unique and different from
other event spaces is that we are super dodgy
from the outside. But they will be surprised
when they walk in the doors. This is the wow
factor we want to give our visitors, he elaborates.

W_are_house has
hosted mini concerts
for new artistes.

F&B

(From left) Ng and Loh have created new value to a


warehouse in USJ 19.

W_are_house oers an alternative venue choice for private functions.

The rustic interior has created a unique ambience that attracts people.

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F R I DAY D EC E MBE R 23 , 2016 T HEED G E FINA NCIA L DA ILY

FEATUR E

YEAR-END SPECIAL

The Garage KL
Realising the idea by using containers

Automotive showcases have


attracted car fans to have a
closer look at their dreamcars

F&B is one of the components in Garage KL.

21

Azman: The hardest part will always be nance. Other


than that, everything seems to be fun.

Similarly inspired by the industrial design and minimalist


idea, Tengku Azman has literally taken it to a different level.
The brainchild for his garage was conceived by stacking up
ship containers in piles like building blocks.
Once the building was set, I realised there was greater
potential for the whole building. Instead of using the building as my automotive workshop, I decided to expand it as a
platform for SME retailers who are keen to start their businesses, he recounts.
Starting on a piece of empty land at Jalan Hulu Kelang in
Ampang, Kuala Lumpur, the Garage KL is an open-air lifestyle centre housing the founders own auto detailing shop
and workshop as well as other F&B, fashion boutiques, barber shop, hobby shops and a space dedicated to collectors to
sell their vintage items.
We are set apart by our unconventional building structure
and raw designs that represent unique imperfections. With
combined cultures, from hobbies to necessities (barber), this
container-built concept is the in-thing all over the world, says
the businessman who hails from Terengganu.
It took Azman and four skilled workers five months and
an investment of around RM1.2 million to realise his idea.
The hardest part will always be finance. It is not easy to
fund such projects. We went through bad times but we managed to pull it off. Other than finance, everything seems to
be fun, he adds.
The Garage KL organised its first event the Rauh-Welt
Begriff (RWB) showcase in October last year. The event attracted quite a number of car enthusiasts and RWB fans who
wanted to have a closer look at their dream car.
Apart from that, The Garage KL also hosted the first stop
for the charity ride to fund prostate cancer research. Four
hundred riders had gathered for breakfast at The Garage KL
before starting their journey around KL.
The most unforgettable event was the Yonder Music application launch in November last year. It was a huge event
which attracted a big crowd and famous artists, such as Siti
Nurhaliza, Jaclyn Victor and Man Bai, he recounts.
Azman says there is increasing demand for multifunction
spaces as there are not many places like The Garage KL
spacious, easily accessible and with ample car park space.

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FR I DAY DEC EM B ER 2 3 , 2 0 16 TH EEDGE F I N AN C I AL DAI LY

F EATUR E

Young designers
infuse new perspectives
to age-old values
BY LU M KA K AY

hemed Be Bold. Be
Free. Be You. to inspire
young interior designers and architects to
create new and refreshing concepts that encapsulate boldness, freedom and
originality, the ninth Asia Young
Designer Award (AYDA) has found
winners who will represent Malaysia at the regional Platinum Award
in 2017.
Organised by coating solutions
provider Nippon Paint Malaysia
Sdn Bhd in partnership with IJM
Land Bhd, the awards were presented at an event held on Nov 23,
2016 at Holiday Villa, Subang Jaya
the culmination of a six-monthlong competition open to all Malaysian architectural and interior
design students from the second
year in their diploma courses and
onwards.
We at Nippon Paint and IJM
Land are certainly delighted to see
the young and talented rise up to
aspire to achieve not only good but
great designs for the world, to reach
new frontiers in design. This is the
exact reason for the birth of AYDA
to provide a platform for them
to shine and to nurture the next
generation of designers, said Nippon Paint Malaysia group general
manager Gladys Goh.
Meanwhile, IJM Land managing
director Edward Chong said: As a
developer, I was most impressed
not only with the diversity of ideas
but the thought that has gone into
the preparation of the submissions.
These up-and-coming designers
highlighted to me the future of design
concepts visionary, forward-thinking, and environmentally sustainable while bearing hallmarks of the

designers individuality, he said.


In the Student Category, David
Nee Zhi Kang from Universiti Teknologi Malaysia bagged the Gold
Award for the Architecture Brief
while Chai Min Lee from Taylors
University won the Gold Award for
the Interior Design Brief. These talented students will represent Malaysia to compete against 14 other Asian countries at the regional
Platinum Award in 2017 to be held
in Indonesia.
This years AYDA also saw the
introduction of the Emerging Professional Category which was open
to professionals below the age of 35.
The Gold Award winners were Maryam Zamalik from Asas Architects
for the Architecture Brief and Goh
Sow Yee from Turn Design for the
Interior Design Brief.
Sow Yees interior design concept was inspired by the open
air essence of En Plein Air which
showcased the bold amalgamation
of wood and colour in creating an
installation that was reminiscent
of the sea and sky. Both features
were tastefully contrasted against
the monochromatic-themed furniture and flooring.
Her lifestyle-focused ideation
featured a reading oasis decked in
light colours with a window that
stretches from the ceiling to the floor,
promoting natural lighting reflective
of a sense of leisure and ease.
My design is based on Claude
Monets famed masterpiece, The
Cliff Walk. I translated the breezy,
calm, and open feel of the painting
into a home design that focuses
on neutral colours, natural lighting, and most importantly, the users themselves, staying true to the
competitions theme, Be Bold. Be
Free. Be You.
I wish for the inhabitants to ex-

01

Nees work delved into the


rich history and culture of
Malaysian architecture.

02

Chais transformation,
rejuvenation and
modernisation of the
signature Pudu market.

03

Maryam explored the


environmental and social
eects of shipbreaking
activities within
Chittagong, Bangladesh.

(From left) Gladys, Chai, Nee, Maryam, Sow Yee and Chong at the AYDA Malaysia 2016 award ceremony.

perience The Cliff Walk every time


they interact with the surrounding,
said Sow Yee.
As for Maryams winning masterpiece, it explored the environmental and social effects of shipbreaking activities within the town
of Chittagong in Bangladesh. The
architectural structure consisted
of a new ship recycling yard to
provide an improved space for
storing and processing activities,
an emergency care centre which
plays the role of a mini hospital
and a site management component
that ensures accumulated toxic
waste from oil tankers at the site

is properly disposed or processed.


Maryams colour selection was
inspired by shades of rust to delineate the mood spaces. It was bold
and sharp, yet naturally integrated
with the surrounding and materials
present within the space, consisting
of grey, brown and red shades.
In the Student Category, Gold
winner in the Architecture Brief Nees
work delved into the rich history and
culture of Malaysian architecture.
Through his attempt to revamp
Pusat Kajian Alam Bina Dunia Melayus (KALAM) academic and research centre, Nee was inspired to
translate the elements of vernacular

design into modern technology.


This was an effort to remind Malaysians of the intrinsic characteristics, elements and qualities
that Malaysian architectural design
encompasses.
The revival and preservation
of Malaysian architecture has always been something close to my
heart, not only for the benefit of
Malaysians but also for the world
to witness the captivating beauty
and potential it holds.
The design for the academic
and research centre of KALAM
provided me with an opportunistic platform to infuse vernacular
with contemporary design as one
entity in enhancing a structure that
is sustainable, functional and ultimately, robust with a unique identity, he said.
Meanwhile, Gold winner (Student category) for the Interior Design Brief Chais concept was driven
by Pudus rich history and her desire to curb further degeneration of
the vicinity.
Her concept revolved around the
transformation, rejuvenation and
modernisation of the signature Pudu
market into one that incorporated
cross-cultural learning and the existing entrepreneurial activities of both
the young and old generations. She
did this by creating a learning and
entrepreneurial space that brings
diverse people together while preserving the robust atmosphere of
the Pudu market.
AYDA was launched in 2008. It
aims to nurture the next generation
of talents, providing them a platform
to develop their skills as well as an
opportunity to network with key
industry players across Asia.

TEP

F R I DAY D EC E MBE R 23 , 2016 T HEED G E FINA NCIA L DA ILY

23

FEATUR E

Burj Khalifa became the tallest


commercial building when it was
completed in 2010. It has 163 oors
with a height of 828m.

Asia reaches for the


sky with mega towers
BY RAC HE L C HE W

tanding prominently at the


junction of Jalan P. Ramlee and
Jalan Ampang, Kuala Lumpur
is the iconic Petronas Twin
Tower 1 and 2, the crown jewel
of Malaysia.
Ranked the eighth tallest commercial
building in the world as at first half 2016,
the twin towers will fall outside the list, not
top 10, but top 20 in four years.
According to The Skyscraper Center, the
global tall building database of the Council on Tall Buildings and Urban Habitat
(CTBUH), the Petronas Twin Towers, at
88 storeys and 451.9m each, are the only
Malaysian buildings in the top 20 list.
Petronas Twin Towers were inspired by
former prime minister Tun Mahathir Mohamads vision for Malaysia to be a global player. Together with master architect
Cesar Pelli, the international icon powerfully captures the nations ambitions and
aspirations upon its completion in 1998.
By 2020, the twin towers will be replaced
by more completed commercial skyscrapers around the world, for instance the
472.4m Central Park Tower in New York
City, USA; the 596.5m Goldin Finance 117
in Tianjin, China; and the 1,000m Jeddah
Tower in Jeddah, Saudi Arabia.
By that time, Petronas Twin Towers will

be ranked number 21 in the worlds tallest buildings list, while the current tallest
building, Burj Khalifa in Dubai, will also
step down to number two to make way for
Jeddah Tower.
Burj Khalifa became the tallest commercial building when it was completed
in 2010. It has 163 floors with a height of
828m. Meanwhile, Jeddah Tower is slated for completion in 2019. The 1km high
skyscraper boasts 167 levels.
However, Malaysia will soon join the
list again at no. 5 with the completion of
Merdeka PNB118, slated for completion
in 2020.
Formerly known as KL118 or Warisan
Merdeka, it is a 118-storey, 682m building
in KL within an integrated development
comprising offices, a hotel, hotel residences and a retail business centre.
According to CTBUH, by 2020, six of
Asias commercial skyscrapers will make it
into the list of world top 10 tallest buildings,
with five from China and one from Malaysia. The others in the list consist of three
from Saudi Arabia and one from the US.
Meanwhile, in November, AMBS Architects has proposed a 1,152m tall skyscraper
in Iraq, called The Bride. The Bride will have
230 storeys topped by a 188m antenna. If
the construction of The Bride is confirmed
, it will surpass Jeddah Tower and become
the tallest building in the world.

TEP

24

FR I DAY DEC EM B ER 2 3 , 2 0 16 TH EEDGE F I N AN C I AL DAI LY

GARDEN
PICTURES BY M. SUGUMARAN

1. Pandan
Pandan is a common plant
which is used widely in South
Asian and Southeast Asian
cooking as flavouring for food
such as rice, pandan chicken, pandan cake or pandan
drinks. It is also placed in cars
or enclosed spaces to act as a
natural fragrance as well as
to repel pests such as cockroaches. Pandan plants require
full sunshine without much
soil. The pot needs to be deep
enough for the roots to grow.

WIKIMEDIA COMMONS

2. Cempaka (Michelia chempaka)


Cempaka is frequently used at temples for worship and is worn by women as an accessory or
natural perfume. The flowers can also be floated
into bowls of water as scent for rooms, as well as
for decoration on bridal beds and for garlands.
The seeds can be harvested from the ripened
fruit of an existing tree and then placed in a pot
with potting soil and seed starting soil. They
can also be transplanted from existing trees.
The plants need to be in a warm environment
and be given sufficient water.

Natural air fresheners

from mother
earth

BY NATALIE KHOO

hough the market offers numerous quick fixes for every problem,
from indigestion to remov ing
rust, at a certain price of course,
most remedies can be found at a
mere fraction of the cost of the
commercial ones.
For instance, to make our homes smell pleasant, we turn to air fresheners or scented candles.
But do you know that some garden plants do the
trick just as well?
University of Malaya coordinator of Rimba
Ilmu Botanic Garden and plant taxonomist
Sugumaran Manickam shares with TheEdgeProperty.com some plants which can contrib-

ute to home fragrance naturally.


Some plants emit whiffs such as the pandan
which may be pleasant for some but unpleasant
for others. Certain smells from leaves, flowers,
barks and roots may act like aromatherapy and
may help in promoting relaxation, he points out.
Sugumaran also shares some tips on how to
care for these plants.
Generally, soil with good drainage will be
suitable for any plant unless it is a plant that
loves waterlogged areas. The 3-2-1 technique
generally works for many plants 3 parts sand,
2 parts organic matter (such as garden soil mix)
and 1 part general soil (sometimes called burnt
soil by the local nurseryman), he explains.
Here are seven plants to help your home
smell good naturally.
WIKIMEDIA COMMONS

5. Tree of sadness
(Nyctanthes arbor-tristis)
This plant is known as the tree of sadness because the flowers lose their brightness during
the day. It is also known as the night-flowering
jasmine. It is believed to produce a scent similar
to honey. This plant requires a good amount of
light, air humidity, air circulation and moderate
warm temperatures.

6. Bunga tanjung (Mimusops elengi)


The essential oil from the Ylang Ylang plant
is often used in aromatherapy and is said
to act as an antidepressant and antiseptic. The yellow colour plant is also used
in perfume due to its pleasant scent. The
plant needs a sunny spot and a good humidity level to produce aromatic flowers.

3. Kemuning (Murraya paniculata)


The white flower plant or more commonly
known as orange jasmine is usually placed near
the window and emits smell like frangipanis.
The petals do not last long, but are usually replaced as soon as the old ones die. Its smell
also attracts butterflies and hummingbirds.
The plant requires strong sunlight and regular watering.

4. Jasmine (Jasminum sambac)


The jasmine plant is no stranger to many as
it is used to make perfumes, jasmine tea and
essential oil. The name jasmine is believed
to have been derived from the Persian word
Yasmine, meaning fragrance. The shrub can
grow from 0.5m to 1m high. The plant requires
full sunlight but can grow in partially-shaded
conditions. It needs sufficient watering until
water comes out from the draining hole but
the drip tray should be kept empty.

7. Ylang Ylang (Cananga odorata)


The old Sanskrit name for the plant is Bakul. It
is often planted for its fragrant flowers which
are used to make garlands. The flowers retain their fragrance for a long time even after
drying and are sometimes used for stuffing
pillows. The tree can grow up to heights of
30ft to 59ft and requires plenty of sunlight
and water to thrive.

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