FBM KLCI 1618.53 15.02 KLCI FUTURES 1616.50 16.50 STI 3269.70 14.14 RM/USD 4.1520 CPO RM2004.

M/USD 4.1520 CPO RM2004.00 33.00 OIL US$70.51 0.14 GOLD US$1283.90 2.50
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM2.00

FRIDAY MAY 10, 2019 ISSUE 2887/2019

FINANCIAL Government
hires

DAILY
consultants
MAKE to revise
BETTER
DECISIONS
HSR project
6 HOME BUSINESS
www.theedgemarkets.com

PHOTO BY HARIS HASSAN

NAJIB’S
S TRIAL
SRC TR
RIA
AL

KWAP p pressured
to rush SRC
loan approval
— witness tal
p or
S T O RY
R Y O N PA
PA G E 8
rty
prope u need
EVERY FRIDAY! yo
Get your
free copy of
EdgeProp.my
pullout
inside.

Download
Downnload your
y
person
nal copy at
personal
www.EdgeProp.my
www.E
EdgeProp.my
g p y

5 HOME BUSINESS

2020 PLUS 10
MMC Corp expects
govt to revive
MRT3 by year end
6 HOME BUSINESS

OBYU denies Dr M unveils Shared Prosperity 2030 plan

interest in seized
assets related to on Pakatan govt’s first anniversary.
1MDB sought Adam Aziz & Wong Ee Lin have the story on Page 4.
by Putrajaya
 FBM KLCI 1618.53 15.02 KLCI FUTURES 1616.50 16.50 STI 3269.70 14.14 RM/USD 4.1520 CPO RM2004.00 33.00 OIL US$70.51 0.14 GOLD US$1283.90 2.50
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM2.00

FRIDAY MAY 10, 2019 ISSUE 2887/2019

FINANCIAL Government
hires

DAILY
consultants
MAKE to revise
BETTER
DECISIONS
HSR project
6 HOME BUSINESS
www.theedgemarkets.com

PHOTO BY HARIS HASSAN

NAJIB’S
SRC TRIAL

KWAP pressured
to rush SRC
loan approval
— witness
S T O RY O N PA G E 8

EVERY FRIDAY!
Get your
free copy of
EdgeProp.my
pullout
inside.

Download your
personal copy at
www.EdgeProp.my

5 HOME BUSINESS

MMC Corp expects

2020 PLUS 10
govt to revive
MRT3 by year end
6 HOME BUSINESS

OBYU denies Dr M unveils Shared Prosperity 2030 plan

interest in seized
assets related to on Pakatan govt’s first anniversary.
1MDB sought Adam Aziz & Wong Ee Lin have the story on Page 4.
by Putrajaya
2 FR I DAY M AY 1 0 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
ON EDGE T V
www.theedgemarkets.com
The Edge Communications Sdn Bhd
(266980-X)
Level 3, Menara KLK, No 1 Jalan PJU 7/6,
Mutiara Damansara, 47810 Petaling Jaya,
Selangor, Malaysia
Publisher and Group CEO Ho Kay Tat
EDITORIAL
For News Tips/Press Releases
Tel: 03-7721 8219 Fax: 03-7721 8038
Email: eeditor@bizedge.com
Editor-in-Chief Azam Aris
Executive Editors Ooi Inn Leong,
Kathy Fong, Jenny Ng, Diana Khoo
Senior Editors Cindy Yeap,
Jose Barrock, Kang Siew Li, Joyce Goh
Associate Editors R B Bhattacharjee,
Vasantha Ganesan, Adeline Paul Raj
Deputy Editor Tan Choe Choe
Assistant Editors Khairie Hisyam
Aliman, Kanagaraju S Sithambaram
Chief Copy Editor Felyx Teoh
Associate Copy Editor Teoh Hock Siew
Senior Copy Editor Melanie Proctor
Copy Editor Tham Kid Cheng
Art Director Sharon Khoh
Chief Graphic Designer Cheryl Loh
Design Team Valerie Chin,
Mohd Yusry, Aaron Boudville,
Aminullah Abdul Karim,
Noorain Duasa, Tun Mohd Zafian
Mohd Za’abah
EDITORIAL ADMINISTRATION
Manager Katherine Tan
Senior Coordinator Maryani Hassan
CORPORATE
Chief Operating Officer
Lim Shiew Yuin
ADVERTISING & MARKETING
To advertise contact
GL: (03) 7721 8000
Fax: (03) 7721 8288
Chief Commercial Officer
Sharon Teh (012) 313 9056
General Manager
Fong Lai Kuan (012) 386 2831
Senior Sales Managers
Gregory Thu (012) 376 0614
Lim Sook Chin (012) 205 5986
Head of Marketing Support & Ad Traffic
Lorraine Chan (03) 7721 8001
Email: advertising@bizedge.com
OPERATIONS
To order copy
Tel: 03-7721 8052 / 8050 / 8037
Fax: 03-7721 8282
Email: hotline@bizedge.com
Managing Director/Editor-in-Chief
Au Foong Yee
Executive Editor Sharon Kam
Assistant Editor Tan Ai Leng
MARKETING & ADVERTISING
Associate Account Director,
Advertising & Marketing
Heidee Ahmad (019) 388 1880
PRODUCT DEVELOPMENT
& CUSTOMER ADVISORY
Senior Manager Elizabeth Lay
Steinhoff casts doubt on future
The global retailer cuts the value of its assets by €15.3 billion
BY JANICE KEW
JOHANNESBURG: Steinhoff In-
ternational Holdings NV is living
on the edge.
The global retailer at the centre
of South Africa’s biggest corporate
scandal cut the value of its assets
by €15.3 billion (RM71.57 billion)
because of accounting irregularities.
The company also warned it will not
be able to keep going longer than 12
months unless its debt is reorganised
and it skirts mounting lawsuits and
possible regulatory fines.
At risk is a business with 120,000
employees across chains including
Mattress Firm in the US, Conforama
in France, Poundland in the UK and
European clothing retailer Pepco.
“It’s hard to believe it’s so big,”
Peter Armitage, the chief execu-
tive officer (CEO) of brokerage and
money manager Anchor Group Ltd,
said in reference to the magnitude
Panasonic flags first profit
drop in eight years
BY M AKIKO YAM AZ AK I
TOKYO: Panasonic Corp warned
profit this financial year would fall
for the first time in eight years as
costs to boost battery output rise
and it moves to overhaul some busi-
nesses amid investor pressure to
find new avenues of growth.
The Japanese conglomerate ex-
pects operating profit for the year
through March 2020 to slump 27%
to ¥300 billion from a year earlier.
That is well below analyst expecta-
tions of a 12% decline, according
to Refinitiv.
The company is looking at a ¥15
billion (RM570 million) loss at its au-
December-February hearing for
Najib and Irwan Serigar’s IPIC case
BY AHM AD NAQIB I DRI S
& CHESTER TAY
KUALA LUMPUR: High Court
Judge Mohd Nazlan Mohd Ghaz-
ali has tentatively fixed December
as well as January and February
next year for the hearing of the
International Petroleum Invest-
ment Co (IPIC) trial involving for-
mer prime minister Datuk Seri
Najib Razak and former treasury
secretary-general Tan Sri Mohd
Irwan Serigar.
During a mention of the case,
prior to the continuation of the
SRC International Sdn Bhd tri-
al yesterday, Attorney-General’s
Chambers head of prosecution
Manoj Kurup sought to vacate the
IPIC trial dates, which was origi-
At risk is a business with 120,000 employees across chains including Mattress Firm
in the US, Conforama in France, Poundland in the UK and European clothing retailer
Pepco. Photo by Bloomberg
of the write-downs. The impact is
“staggering” and “sadly, in my opin-
ion, there is no value left.”
The Stellenbosch, South Afri-
ca-based company released its 2017
annual report minutes before a
tomotive unit this year, it said yester-
day. Panasonic expects costs to ramp
up battery production in Japan and
China for a planned electric-vehicle
battery joint venture with Toyota
Motor Corp to weigh heavily.
Panasonic switched its focus to
corporate clients such as automak-
ers a few years ago to escape price
wars in lower-margin consumer
electronics.
The shift, which involved a vast
migration of television engineers
to the automotive unit, helped the
company restore profit growth, but
its non-consumer businesses did
not grow as fast as the company
had hoped.
nally set for July, to make way for
the completion of the SRC trial.
Meanwhile, defence lawyer Tan
Sri Muhammad Shafee Abdul-
lah said the IPIC case should not
be fixed before September, as he
opined that the SRC trial would
not be completed by August.
This led to Justice Mohd Nazlan
tentatively fixing the IPIC trial for
December up to February next
year, with May 14, 2019 set for the
prosecution and defence to final-
ise the dates for the trial.
Najib and Irwan were slapped
with six counts of criminal breach
of trust (CBT) for the misappro-
priation of some RM6.64 billion
government funds. The offenc-
es were committed between
Dec 21, 2016 and Dec 18, 2017,
For breaking news updates go to
www.theedgemarkets.com
self-imposed deadline on Tues-
day. The results came 17 months
after Steinhoff ’s auditors refused
to sign off on the accounts, lead-
ing to the resignation of then-CEO
Markus Jooste and a 97% drop in
“Over the last three years, we
aimed for stable revenue and profit
growth focusing mainly on the au-
tomotive business ... but develop-
ment costs and insufficient abilities
to adjust to rapid battery produc-
tion expansion limited our prof-
its,” Panasonic president Kazuhiro
Tsuga said.
The business was also squeezed
last year due to production delays
for Tesla Inc’s mass-market Mod-
el 3 sedan.
Panasonic is Tesla’s exclusive
supplier of battery cells and indus-
try watchers have said the Japanese
company needs to cut its reliance on
the US electric carmaker. — Reuters
according to charge sheets.
Part of the money was slated
for certain purposes including for
the management expenditure of
Kuala Lumpur International Air-
port (KLIA), and subsidy and cash
assistance, reportedly under the
Budget 2017 allocation.
It has been reported that the
money was channelled to 1Malay-
sia Development Bhd instead, to
repay its debts including US$1.2
billion to Abu Dhabi sovereign
wealth fund IPIC in April 2017.
All the charges are punishable
under Section 409 of the Penal
Code and read with Section 34
of the same code. If found guilty,
each offence entails a jail time of
between two and 20 years, as well
as whipping and a fine.
its share price. Investigations have
since found deals were structured
to inflate profits and asset values.
Steinhoff had €17.5 billion of as-
sets at the end of September 2017,
compared with total liabilities of
€15.4 billion, the report showed.
The firm reduced its assets by €11.4
billion in the 15 months through
September 2016 to €21 billion — the
bulk of which related to wrongdo-
ing that occurred before mid-2015.
Further write-downs came from
additional impairments of €3.9 bil-
lion for fiscal 2017.
“The position is likely to look
worse” when Steinhoff releases
fiscal 2018 earnings in a few weeks
time, Armitage said. Steinhoff said
that sales for last year and this year
will drop because of asset dispos-
als, increased competition and a
weak trading environment, while
operating expenses and financing
costs will be higher. — Bloomberg
Goldman tariff
trade favours
Amazon, Berkshire
over Apple
BY J OA N N A O S S IN G E R
SINGAPORE: Goldman Sachs
Group Inc strategists recom-
mended favouring stocks con-
centrated in the services sector
rather than goods-producing in-
dustries as a way of weathering
the US-China trade war.
“The ebb and flow of US-China
trade negotiations during the past
12 months have had a more dra-
matic impact on the performance
of goods-producing companies
compared with services-provid-
ing firms,” Goldman strategists led
by David Kostin, wrote in a note.
Last year’s trading “suggests servic-
es-providing stocks will outperform
goods-producing stocks as long as
the trade dispute continues.”
Investors got a fresh reminder
this week of the market turmoil
that US-China tensions can cause,
as risk assets swooned on threats
by US President Donald Trump
to hike tariffs further on Chinese
goods. The S&P 500 Index has fall-
en 2.3% over three days, the most
since December. The US and Chi-
na are set to resume trade negoti-
ations only hours before the new
duties are scheduled to take effect.
Within the S&P 500, Goldman
classified 260 stocks as being in
services, including Microsoft Corp,
Amazon.com Inc and Berkshire
Hathaway Inc. The strategists la-
belled 240 companies as goods pro-
ducers, such as Apple Inc, Johnson
& Johnson and Exxon Mobil Corp.
Services stocks benefit from few-
er foreign input costs, a favourable
inflation outlook, better growth and
steady margins as well as stronger
balance sheets, the Goldman strat-
egists said. — Bloomberg
FRIDAY M AY 1 0 , 20 1 9 • T HE E D G E FINA NCIA L DA ILY 3
4 HOME BUSINESS
2020 plus 10
Dr Mahathir unveils Shared Prosperity 2030 plan on Pakatan govt’s first anniversary
S TO R I E S BY A DA M A ZI Z
& WO N G EE L I N
PUTRAJAYA: Prime Minister Tun Dr
Mahathir Mohamad has introduced
a new economic model which ad-
vocates shared prosperity, with a
target to provide a “decent standard
of living for all Malaysians” by 2030
regardless of economic class, race
and geographic location.
The new economic model will
replace the one that was used in
the past decade, which has failed to
push Malaysia towards developed
nation status as underlined in Vi-
sion 2020, said Dr Mahathir in his
special address yesterday in con-
junction with the first anniversary
of “Malaysia Baharu” — the nation’s
first change in federal government
since its inception.
“In the past decade, the nation’s
economy has transformed radical-
ly and this resulted in us not being
able to become a developed nation
as underlined under Vision 2020.
The economic model in the past
decade only focused on adding
more national debt for megapro-
jects,” Dr Mahathir said.
“The 70% increase in job avail-
ability comprised unskilled jobs.
Much of the nation’s equity own-
ership turned to foreign hands.
Economic growth focused on the
country’s major cities, and sidelined
equity ownership and growth, as
well as opportunities for locals,”
he added.
Shared prosperity
economic model a bold
measure — Muhyiddin
PUTRAJAYA: A monitoring agen-
cy should be formed to scrutinise
the “shared prosperity” economic
model spanning until 2030 that
was announced yesterday, said
Home Minister Tan Sri Muhyid-
din Yassin.
“I feel there is a need for [a
monitoring agency] to be formed
to monitor the initiatives that will
take place to ensure they do not
stray from their objectives,” Mu-
hyiddin told reporters after the
special address by Prime Minis-
ter Tun Dr Mahathir Mohamad
in conjunction with the first an-
niversary of the change in federal
government.
Muhyiddin was supportive of
the announcement on the shared
prosperity economic model,
which he said is a step forward
from the previous economic mod-
el that focused largely on bumi-
putera.
He also lauded the prime min-
ister’s openness towards public
feedback on the new economic
model.
Dr M (centre) after giving the Pakatan government’s first anniversary speech at the Putrajaya International Convention Centre here
yesterday. Photo by Haris Hassan
As such, Dr Mahathir said the
government has taken the approach
where “the nation’s development
today provides shared prosperity
to the rakyat”.
This, the prime minister said, un-
derlined better purchasing power
for the people, and the narrowing
of income and wealth gaps between
classes, races, territories as well
as the “extreme disparity in [the]
supply chain”.
“In its simple definition, the ef-
forts towards shared prosperity will
I feel there is a need
for [a monitoring
agency] to be formed
to monitor the
initiatives that will
take place to ensure
they do not stray from
their objectives.
“That is a suggestion from
the prime minister that every-
one should take note of. It is a
brave move because previously,
many doubted the policies to be
implemented by Pakatan Hara-
pan in the context of [a] fairer
and better economic growth,” said
Muhyiddin.
“I am confident if this can be
implemented, Malaysia will be
headed to a better future, tak-
ing into account the interests of
everyone in the nation,” he added.
allow Malaysia to be a nation that
grows continually and sustainably
concurrent with fair and inclusive
equitable growth across the value
chain, classes, ethnicity, and ge-
ography until it results in stability
and harmony among the people
by 2030,” Dr Mahathir said.
The shared prosperity model
comprises three main objectives,
he said.
Aside from overcoming wage
and wealth gaps, the economic
model will also introduce a new
‘Strange Najib could still act innocent during 1MDB probe’
PUTRAJAYA: Tun Dr Mahathir
Mohamad said it is “strange” that
former premier Datuk Seri Najib
Razak could still act innocent dur-
ing the ongoing investigation of
the 1Malaysia Development Bhd
(1MDB) scandal.
The prime minister added that
Najib’s act of innocence is also
alongside those involved and who
have been brought to court in
relation to the 1MDB and SRC
International Sdn Bhd cases.
“Despite Najib’s offences, Na-
jib and his friends are still disput-
ing the advent of their abuse of
Dr M: Govt fulfilled 39.01% of manifesto promises
PUTRAJAYA: A year after the Pa-
katan Harapan government won
the 14th general election (GE14),
the administration had achieved
39.01% of the promises under its
GE14 manifesto.
This was achieved within the
period of May 10, 2018 to April
30, 2019.
Speaking at the Pakatan gov-
ernment’s first anniversary event
here, Prime Minister Tun Dr Ma-
hathir Mohamad said this perfor-
mance is measured through the
progress status of 464 initiatives
FR I DAY M AY 1 0 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
economic model for all — to create
a more structured economy that is
progressive and hinges on knowl-
edge and values with participation
from Malaysians across the board.
Additionally, the shared pros-
perity model will hopefully turn
Malaysia into an important eco-
nomic axis in Asia moving forward,
Dr Mahathir added.
To establish this economic ap-
proach, Dr Mahathir underlined
seven key pillars:
• better structuring and improv-
power, corruption and fraud,” Dr
Mahathir said in his special address
in conjunction with the Pakatan
Harapan government’s first anni-
versary event.
And as the previous administra-
tion is unable to prove its innocence,
Dr Mahathir said that it has turned
to accusing the Pakatan govern-
ment of not upholding Islam and
the Constitution.
Noting that the US and Singapore
governments have recently repaid
money from stolen 1MDB funds as
well as money laundered via the
purchase of luxury homes in the
which are the specific policies and
actions specified in each appoint-
ment.
Dr Mahathir said a total of 53
initiatives (11.42% of the total ini-
tiatives) have been completed, out
of the 128 ongoing initiatives.
“Meanwhile 283 initiatives, or
60.99%, are either at the planning or
have-yet-to-[start] stage. This per-
formance showed an increase of
29.34% compared with 9.67% on
Dec 31, 2018,” he added.
“We are aware that many people
are dissatisfied and accuse the Paka-
ing the nation’s business and
industry ecosystems such as via
adoption of Industrial Revolu-
tion 4.0
• application of digital economy,
and adding more high-skilled
jobs
• exploring new growth sectors,
and turning Malaysia from a
consumer nation to one that
produces more international
standard products
• reforming human capital, to im-
prove labour market and wages
• strengthening social well-being
through needs-based policies
• inclusive territorial development
• improving society capital, com-
bined with strong social support
mechanisms.
Additionally, Dr Mahathir
also mentioned other enablers
to achieve this goal, including a
progressive fiscal policy, an ad-
ministration with high integrity,
an effective government institution
delivery, better education, mone-
tary stability, a comprehensive Big
Data mechanism, as well as a civil
and knowledgeable community.
“We hope the concept and plan-
ning can be scrutinised further
across all levels of the Malaysian
community, and will be brought
to the grassroots level to obtain
feedback and better ideas before
it can be included in the 12th and
13th Malaysia Plan to achieve the
target of Shared Prosperity 2030,”
said Dr Mahathir.
two countries, he said one ques-
tion that the previous administra-
tion may have to ask themselves
is where the money came from.
“How many luxury bags, jewel-
lery and millions of money known
to be owned by (Najib’s wife Da-
tin Seri Rosmah Mansor) were
found in Rosmah’s flat,” said Dr
Mahathir.
On Wednesday, Finance Min-
ister Lim Guan Eng said the repa-
triation of 1MDB-related assets
from the US and Singapore will
be used to service 1MDB’s RM51
billion debts.
tan government for failing to meet
some of the promises found in
the manifesto,” said Dr Mahathir.
Nonetheless, the prime min-
ister said the achievements so
far also demonstrate the govern-
ment’s commitment to building
the nation and meeting the peo-
ple’s expectations. “We have four
more years to make sure that all
these promises are to be imple-
mented and we are confident
that all will be achieved before
the mandate of our government
ends,” he added.
FRIDAY M AY 1 0 , 20 1 9 • T HE E DG E FINA NCIA L DA ILY
MMC Corp expects govt
to revive MRT3 by year end
Expertise may be lost if there is no plan for the Circle Line by 2022 — group MD
BY J UST I N LI M
KUALA LUMPUR: MMC Corp
Bhd group managing director
(MD) Datuk Seri Che Khalib Mo-
hamad Noh expects the govern-
ment to revive the mass rapid
transit 3 (MRT3) project, which
is also known as the Circle Line,
by year end.
The MRT3 project was orig-
inally planned to ply through
Kerinchi, Jalan Duta, Setiawang-
sa, Salak Selatan, Pandan Indah
and Bandar Malaysia via under-
ground rail tracks. The railway
project, however, was terminated
after the Pakatan Harapan-led
government took over a year ago.
“I believe the government will
decide [to revive MRT3] by the
end of this year. Even if the gov-
ernment decides [on it] now, it
will take another two years to
start the project as land acqui-
sitions, alignments and design
for the project will take a long
time,” Che Khalib told the media
after MMC Corp’s annual general
meeting yesterday.
Che Khalib said if the govern-
ment could come to a decision
by year end, this would enable
continuity of workflows in the
segment after the completion
of MRT2 and MRT3.
MRT2, which is known as the
Sungai Buloh-Serdang-Putra-
jaya (SSP) Line — at over 50%
completion — is expected to be
completed by 2022.
“If there is no plan for MRT3
by 2022, you may lose all exper-
tise. For MRT1, we depended a
lot on foreign expertise, while for
MRT2, the majority of works are
done by local expertise.
“We have developed all the
skills and it is good for the coun-
try. If you don’t do it (reviving the
MRT3 project), all these exper-
tise will go overseas,” Che Khalib
commented.
He revealed that MMC Corp
had submitted a proposal to re-
vise MRT3 to the government at
the end of last year. The proposal
provided an alternative to reduc-
ing the project’s cost, which was
at RM45 billion under the origi-
nal plan.
However, he was
tight-lipped about
the magnitude of
the cost reduc-
tion, noting that
the proposal was
a completely dif-
ferent solution.
HOME BUSINESS 5
“[In the proposal,] what we
suggested to the government is
to complete the project in phases,
instead of completing the entire
project in one go,” he said, adding
that the proposal also included
changing some underground
stations to elevated stations.
Che Khalib explained that the
priority of the proposal was given
to high-density places. For ex-
ample, he said, under the new
proposal, the MRT3 line could
probably start with two-thirds
of the length by connecting the
high-density areas that tend to
have high demand for public rail
transport.
For the remaining part, he
said, it could be completed at
a later stage when demand in
those areas starts to grow, such
as in Bandar Malaysia and areas
for future development.
Che Khalib is positive on
MMC’s prospects for the cur-
rent financial year ending Dec
31, 2019 (FY19), mainly driven
by its ports and logistics division.
He noted that the Port of Tan-
jung Pelepas and Penang would
be the major contributors to the
group’s growth in FY19.
For FY18, its net profit grew
5% to RM220.08 million from
RM209.79 million a year ago,
while revenue expanded 20%
to RM5.01 billion from RM4.16
billion.
Meanwhile, MMC Corp has
earmarked RM2 billion for cap-
ital expenditure for FY19 and
the bulk of this would be allo-
cated to the ports and logistics
division.
On the group’s plans to list its
ports division on Bursa Malaysia,
Che Khalib said under current
market conditions, the group is
not in a rush to do so.
The group’s ports and logistics
division includes Pelabuhan Tan-
jung Pelepas Sdn Bhd, Johor Port
Bhd, Northport (Malaysia) Bhd,
Penang Port Sdn Bhd, Tanjung
Bruas Port Sdn Bhd and Kontena
Nasional Bhd.
Internationally, MMC Corp
has a presence in Saudi Arabia
via Red Sea Gateway Terminal
Company Ltd, a container port
terminal within the Jeddah
Islamic Port.
Besides ports and logis-
tics, MMC Corp is also in-
volved in the energy and
utilities and engineering
businesses. It controls 38.44%
of Malakoff Corp Bhd.
Che Khalib: We have
developed all the skills
and it is good for the
country. Photo by
Patrick Goh
6 HOME BUSINESS
Govt hires consultants
to revise HSR project
CAC is required to develop new business model
BY EM I R ZA I N U L
KUALA LUMPUR: MyHSR Corp Sdn
Bhd, the Malaysian project delivery
vehicle of Kuala Lumpur-Singa-
pore high-speed rail (KL-Singapore
HSR) project, yesterday called for
a tender to appoint a commercial
advisory consultant (CAC) for the
project review exercise.
In a statement, MyHSR Corp said
the appointed consultant will be
required to develop a new business
model that will enable optimal pro-
ject life-cycle cost, provide updated
ridership forecasts and assessment
on the benefits the rail project will
bring to the country.
The call for tender is noted to
be the second one in relation to
the KL-Singapore HSR project re-
view exercise.
MyHSR Corp had previously
called a tender to appoint the tech-
nical advisory consultant (TAC) in
April to assist in technical matters.
MyHSR chief executive officer
Datuk Mohd Nur Ismal Mohamed
Kamal noted that the TAC tender,
which has received encouraging in-
Anti-graft agency arrests DBKL deputy director
KUALA LUMPUR: A department
deputy director at the Kuala Lum-
pur City Hall (DBKL) was arrested
by the Malaysian Anti-Corruption
Commission (MACC) at a hotel in
the city early yesterday.
It is learnt that the man was
picked up on suspicion of re-
ceiving a bribe, believed to be
amounting to RM200,000, from
several contractors as an induce-
terest and support from the market,
is still ongoing and is expected to be
completed by Hari Raya Aidilfitri.
“The CAC tender that MyHSR is
launching now looks to address the
commercial aspects of the project.
With the appointments of both the
TAC and the CAC, a comprehen-
sive project review exercise will be
completed, and a report will then
be prepared and submitted to the
government, prior to the end of the
suspension period in May 2020.
“We encourage all firms with the
relevant experience to participate
in this tender as the findings of this
review will help us chart the right
course for this project,” Ismal added.
The Edge Malaysia weekly last
month reported that some 200 con-
sulting companies were reported
to be attending a tender briefing
by MyHSR Corp on the role of the
TAC. The independent consultants’
role, among others, is to review the
project cost, which was estimated
at nearly RM110 billion.
To recap, the governments of
Malaysia and Singapore had on
Sept 5, 2018 agreed to suspend the
ment to approve a project involv-
ing DBKL.
MACC deputy chief commis-
sioner (operations) Datuk Seri
Azam Baki said the commission,
during its raid, also found cash
amounting to RM1 million at the
man’s house, and further investi-
gations were under way.
“Also arrested were five indi-
viduals suspected to be involved
construction of the KL-Singapore
HSR project until May 31, 2020.
Malaysia had initially requested
for a deferment of the project cit-
ing cost constraints.
Following the suspension, My-
HSR said it has been working with
the Malaysian government to re-
view the project in order to identify
cost reduction options.
At the retreat last month in Pu-
trajaya, Prime Minister Tun Dr Ma-
hathir Mohamad and Singapore
Prime Minister Lee Hsien Loong
formally noted that Malaysia was
exploring the possible way forward,
with the aim of cost reduction.
If the project were to be
scrapped, the South China Morn-
ing Post reported in September that
Singapore would seek reimburse-
ment of S$250 million (RM762 mil-
lion) for sunk costs.
So far, Malaysia has reimbursed
Singapore S$15 million for “abortive
costs” incurred on account of the de-
lay. For Singapore, the government
has already done with land acqui-
sition and the establishment of an
agency to oversee the development.
in bribery involving the same
agency,” he told Bernama when
contacted.
In Putrajaya, Magistrate Shah
Wira Abdul Halim allowed a five-
day remand application on the
individuals, aged between 41 and
57, upon the application from the
MACC to facilitate investigations
under Section 17 (a) of the MACC
Act 2009. — Bernama
FR I DAY M AY 1 0 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
OBYU denies interest
in seized assets
sought by Putrajaya
BY E MIR Z A IN UL
KUALA LUMPUR: OBYU Holdings
Sdn Bhd — one of the companies
involved in a civil forfeiture ac-
tion filed by the Malaysian gov-
ernment against former premier
Datuk Seri Najib Razak and others
— maintains that it has no interest
in the various assets seized within
its property, and that it was only
the landlord.
In a statement sighted by th-
eedgemarkets.com, OBYU yester-
day stressed that as it has no stake
in the assets, the forfeiture motion
would not have any detrimental
effect on the company.
“OBYU would like to state cat-
egorically that although it is the
landlord of the mentioned proper-
ty, it has no interest in the various
assets seized within the property.
“Therefore, the forfeiture mo-
tion has no adverse consequence
on the company,” it said, adding
the matter has been handed over
Maybank puts Scomi Group’s
unit under receivership
KUALA LUMPUR: Malayan Bank-
ing Bhd (Maybank) has put Scomi
Rail Bhd, an indirect wholly-owned
unit of public-listed Scomi Group
Bhd, under receivership.
Scomi Group announced to
the stock exchange yesterday that
Maybank has yesterday appointed
Datuk Adam Primus Varghese Ab-
dullah of Adamprimus as receiver
and manager over the property of
Scomi Rail. The net book value of
Scomi Rail’s total assets amounted
to RM506.98 million as at March
31, 2018.
However, Scomi Group, which
has recently reached an agreement
JAKS Resources 1Q net profit up 60%
on higher Vietnam EPC contribution
BY TAN XUE Y IN G
KUALA LUMPUR: JAKS Resourc-
es Bhd posted a 60.4% jump in its
first quarter net profit to RM28.62
million, from RM17.84 million a
year ago, mainly on higher con-
tribution from its Vietnam engi-
neering, procurement and con-
struction (EPC) works.
Revenue for the quarter end-
ed March 31, 2019 grew 41.7% to
RM297.80 million, from RM210.20
million previously, the group said
in a stock exchange filing.
The Vietnam EPC construc-
tion work contributed revenue of
RM255.8 million, compared with
RM93 million previously.
The higher progress billings
and profit recognised there
helped lift profit before tax for its
construction division to RM58.3
million, from RM27.1 million
previously.
to its lawyers to resolve.
“OBYU is a company that up-
holds integrity, trust and account-
ability. We will ensure that these
core values will not be compro-
mised,” it said.
On Tuesday, OBYU, along with
Najib and his family members,
were among 18 parties named in
a RM680 million civil forfeiture
action filed by Putrajaya.
The action pertains to assets said
to be from the funds illegally gained
from 1Malaysia Development Bhd.
In the action against OBYU,
the prosecutors are seeking 11,990
sets of jewellery, 401 watches and
16 units of watch accessories, 234
pairs of spectacles and 306 hand-
bags that were seized on May 17
last year, as well as cash amount-
ing to RM114,164,393.44 seized on
Jan 31, 2019.
A property referred to as Lot
PT80 in Kuala Lumpur seized on
Nov 1, 2018 is also on the list of
items sought.
with Prasarana Malaysia Bhd to
end the legal gridlock, stressed
that Scomi Rail is not a major sub-
sidiary.
Scomi Rail had on Feb 8 re-
ceived a notice of demand dated
Jan 25, 2019, from Maybank for
RM201.9 million after the compa-
ny failed to pay the amount due
to the bank under a loan grant-
ed to it.
“The appointment will not have
any significant financial and/or
operational impact on the com-
pany for the financial year ending
June 30, 2019,” said Scomi Group
in the filing.
The group’s property develop-
ment and investment division,
meanwhile, recorded a slightly
lower loss before tax of RM14.5 mil-
lion, compared with a loss before
tax of RM14.8 million a year ago.
JAKS said the group expects the
current financial year to continue
to be challenging.
It expects the local construc-
tion division’s outlook to remain
challenging, but said the overall
performance of the division should
perform satisfactorily in 2019 with
the contribution from the Vietnam
EPC contract.
“The performance of the prop-
erty development and investment
division will remain challenging
due to the key issues of price af-
fordability and the overhang in
the property market.
Shares in JAKS rose four sen or
5.5% yesterday to 77 sen, valuing
the group at RM450.18 million.
FRIDAY M AY 1 0 , 20 1 9 • T HE E D G E FINA NCIA L DA ILY 7
8 HOME BUSINESS
KWAP pressured to rush
SRC loan approval — witness
‘Fund’s CEO informed investment panel of Najib’s instruction to expedite application’
STORIES BY HAFIZ YATIM,
PAW AI CHIN, AHMAD NAQIB IDRIS
& CHESTER TAY
KUALA LUMPUR: Kumpulan Wang
Persaraan (Diperbadankan) (KWAP)
vice-president of legal and secretar-
ial affairs Azlida Mazni Arshad told
the High Court here yesterday that
the first RM2 billion loan to SRC In-
ternational Sdn Bhd was processed
in a hurry as there were instructions
to speed up its approval.
Azlida, who is the 35th prosecu-
tion witness, said “there were direc-
tions for it (the loan application) to
be expedited” during questioning
by deputy public prosecutor Datuk
Ishak Mohd Yusoff.
The witness further explained
that KWAP’s first special investment
panel meeting was held on July 19.
“In the special investment panel
meeting chaired by KWAP chairper-
son Tan Sri Wan Abdul Aziz Wan
Abdullah, the KWAP CEO (chief
executive officer Datuk Nor Azian
Mohd Noh) informed the members
that [then] prime minister [Datuk
Seri Najib Razak] had told Wan Ab-
dul Aziz to expedite SRC’s first loan
application and that RM2 billion was
sufficient,” she said in her testimony.
Azlida further identified the min-
utes of KWAP’s first special invest-
ment panel meeting dated July 19,
2011, which were marked as evidence.
The witness said KWAP’s fixed
income department had drafted a
working paper proposing that the
loan that was to be extended to SRC
should come with tighter require-
ments which include the company
obtaining either a government guar-
antee, a guarantee from 1Malaysia
Development Bhd (1MDB), or a
letter of comfort or awareness from
the Finance Ministry.
“A special condition was set [so]
that SRC which has been a subsid-
Witness defends statement
KUALA LUMPUR: A director at
Kumpulan Wang Persaraan (Diper-
badankan) (KWAP) had to defend
her witness statement yesterday,
particularly the portion stating that
the RM4 billion financing provided
to SRC International Sdn Bhd was
amongst the largest she had seen
throughout her experience serving
in the public services pension fund.
KWAP vice-president for invest-
ment settlement department, which
has been renamed to investment
support services department, Dr
Amirah Muhamad Nor, 60, insisted
she intended to make the statement.
The statement was highlighted in
the High Court here yesterday, during
the 16th day of former prime minis-
ter Datuk Seri Najib Razak’s SRC trial
where he faces charges of misappro-
priating funds from the company.
iary of 1MDB be placed directly un-
der Minister of Finance Inc,” the
witness said.
“After the proposal was tabled, the
special investment panel approved
the RM2 billion loan but agreed that
it was too big to be given to a RM2
company (SRC) as it was too risky.
The panel offered a RM1 billion loan
[instead],” she said, adding that it was
willing to only approve the RM2 bil-
lion loan provided that it was given
directly to 1MDB, which is placed
under Minister of Finance Inc, rath-
er than SRC.
Azlida said the panel members
also questioned the capability of
the SRC management to invest in
natural resources that needed high-
ly-specialised employees and they
also felt that the amount should not
be given in a lump sum.
The witness said after listening to
the investment panel members, the
fund agreed to either approve the
RM2 billion loan based on the gov-
ernment guarantee or have the mon-
ey given to the government, which
will in turn disburse it to 1MDB.
‘SRC asked for RM2b to be
given directly to company’
The witness told the court that SRC
sent a letter to Nor Azian on Aug
12, 2011 signed by its director Nik
Faisal Ariff Kamil requesting that
the RM2 billion be given directly to
SRC as it is a subsidiary of 1MDB.
“As the investment panel meeting
is a long time [away from when] the
Defence counsel Harvinderjit Sin-
gh was “amazed” that the particular
paragraph on this matter in Amirah’s
witness statement was completely
identical with a paragraph which
appeared in another witness’ state-
ment presented in court earlier.
In his witness statement, former
assistant vice-president at KWAP
Amirul Imran Ahmat said the RM4
billion loan extended to SRC was the
biggest he had ever seen during his
time at the retirement fund.
“Are these your words, or the
words of someone else?” Harvin-
derjit asked. The witness replied
that the words were hers.
Amirah further clarified that she
had provided such information, and
was assisted by a Malaysian Anti-Cor-
ruption Commission (MACC) officer
in preparing the witness statement.
(From left) Ambalagam, Amirah and Azlida in court yesterday. Photo by Shahrin Yahya
letter was sent by SRC, and as [the
then prime minister] said the appli-
cation [must] be expedited, the fixed
income department prepared anoth-
er proposal and an investment panel
circular panel [was] distributed to the
panel members for it to be voted via
majority.
“I confirmed receiving the re-
sponse from the six panel mem-
bers and the six of them — namely
Wan Abdul Aziz, Datuk Mohammad
Azlan Hashim, Datuk Seri Abdul Wa-
hid Omar, Datuk Norzirah Bahari,
Cheah Tek Kuang and Che Zakiah
Che Din — had given the go-ahead
for the RM2 billion loan to be given
directly to SRC,” the witness said.
Earlier, former assistant vice-pres-
ident of KWAP’s fixed income depart-
ment Amirul Imran Ahmat testified
that he had to change the dates of
the second working paper for the
special investment panel as he had
to prepare it in a hurry.
The second working paper was
prepared after his higher-ups — in-
cluding Nor Azian — ordered a re-
view of the first working paper, which
“At the end of the day, they (MACC)
gave you a document, but the infor-
mation [came] from you,” Harvinderjit
asked, to which Amirah agreed.
Amirah then confirmed that the
information in the witness statement
came from her, which she conveyed
to MACC, whose officer then assist-
ed her in preparing the statement.
She also said she recorded her
witness statement alone, without
any other witness present.
Amirah, the 34th prosecution
witness, insisted that she had will-
ingly said in her statement that the
two RM2 billion loans to SRC was
amongst the largest she had seen
during her tenure in KWAP.
“I wanted to put this,” she said,
before Harvinderjit ended his
cross-examination.
During re-examination, Depu-
FR I DAY M AY 1 0 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
recommended only RM1 billion be
loaned to SRC.
Amirul further testified that as
SRC did not provide documents to
support the loan, the loan should
not have been given by KWAP to
the 1MDB subsidiary.
She further confirmed that the
government stood as a guarantor for
the second loan and an agreement
was signed on Aug 26, 2011 to dis-
burse the RM2 billion loan.
She testified that sometime in
March, SRC also applied for another
RM2 billion. The amount was ap-
proved by KWAP on March 27, 2012.
The letter of guarantee for SRC’s
second loan was signed by Najib,
Azlida said. The witness was asked by
Ishak to identify the former premier
who was seated in the accused dock.
She also told the court that KWAP
also agreed that SRC be placed di-
rectly under Minister of Finance Inc,
rather than 1MDB, as a result of this.
Azlida will be cross-examined by
Najib’s lawyers when the proceedings
before Justice Mohd Nazlan Mohd
Ghazali resume next Tuesday.
ty Public Prosecutor Mohd Ashrof
Adrin Kamarul requested Amirah
to confirm that all information pro-
vided in her witness statement was
true, which she did.
Earlier during Amirah’s testimo-
nial, she also mentioned that she
was only involved in the disburse-
ment of the second RM2 billion loan
to SRC because when the first RM2
billion loan was given out, she was
on leave, so it was signed off by her
colleague, Ambalagam R Marappan,
61, who was the director of KWAP’s
account and management services
department.
Ambalagam, who is the prosecu-
tion’s 33rd witness, confirmed that
he was the one who signed off the
disbursement of the first RM2 billion
loan to SRC, but was not involved in
preparing the loan.
Najib says
phone used
as mirror,
not for
selfies
KUALA LUMPUR: Former pre-
mier Datuk Seri Najib Razak said
he used his mobile phone as a
mirror and did not take any selfies
during court proceedings earlier
yesterday, after deputy public
prosecutor Datuk V Sithambar-
am had brought up the issue after
noon break.
Najib’s lead counsel Tan Sri
Muhammad Shafee Abdullah
complained about an article pub-
lished by theedgemarkets.com,
and said it is false reporting.
“He had looked at himself be-
cause he felt something sharp,
something against his eyebrow.
He used it as a mirror,” Shafee
said, going on to say that jour-
nalists should behave themselves
if they want to be treated as the
fourth or fifth estate.
Muhammad Shafee then
asked High Court Justice Mohd
Nazlan Mohd Ghazali to ques-
tion his client on whether he did
take pictures in court.
“Can I ask the accused wheth-
er he did or did not take a selfie?”
asked Justice Mohd Nazlan, to
which Najib explained that he
used his phone as a mirror.
Justice Mohd Nazlan accepted
Najib’s explanation but empha-
sised that any form of recording
or photography is prohibited in
the courtroom.
“I think it is known to most
people. If it were true and the self-
ies were actually taken just now,
which the accused has confirmed
that he did not do it, it would
have been bordering of being
in contempt, especially during
open court proceedings,” he said.
If it ever happens, the judge
said the court may have to take
stricter actions, such as requiring
the surrender of mobile devices
to the court police, while pro-
ceedings are ongoing, adding
that the sanctity and integrity of
the proceedings must always be
respected.
“I don’t think it [the report]
was done with malice, I’m sure.
Maybe the way the phone was
used as a mirror gave the im-
pression that a selfie was being
taken. I will leave it at that. Can
we please call the next witness?”
Najib was seen taking self-
ies while he was in the accused
dock, while the defence lawyer
was cross-examining Maybank
Kuala Lumpur assistant branch
manager Halijah Abdul Wahab.
The article was written after
Najib pushed the phone camera
shutter button, examined the
picture taken, and brought it up
and had a second shot before
switching to the rear camera. He
then sat up to take a photograph
of the courtroom from the dock.
The High Court had previous-
ly barred any uploading of court
recordings on social media, after
a clip of the trial was uploaded by
Najib’s ex-aide Isham Jalil.
FRIDAY M AY 1 0 , 20 1 9 • T HE E DG E FINA NCIA L DA ILY
Syarikat Takaful aims to maintain
43% pace of profit growth
It is also mulling a bonus issue if its share price continues to hover around current levels
BY A R J U N A CHA ND RA N SHA NKAR
KUALA LUMPUR: Syarikat Takaful
Malaysia Keluarga Bhd (STMK) is
aiming to match, if not better, last
year’s impressive 43% pace of earn-
ings growth following a 38% jump
in profit to RM96.44 million in the
first quarter (1Q) ended March.
“Looking at the first quarter
numbers, things are looking quite
good for the remainder of the year,”
chief executive officer Datuk Seri
Mohamed Hassan Kamil told re-
porters after its annual general
meeting here yesterday.
Its 1Q revenue rose 23% to
RM918 million from RM746.17
Gobind to release statement on
Axiata, Telenor’s Asian merger today
BY W O N G EE L I N
PUTRAJAYA: Communications and
Multimedia Minister Gobind Singh
Deo (pic) will be releasing a statement
today in relation to the proposed
merger deal between Axiata Group
Bhd and Norway’s Telenor Group.
“I’m going to come out with an
official statement,” Gobind told re-
porters at the Pakatan Harapan gov-
ernment’s first anniversary event
yesterday.
“[Whether] it is [a] positive or
negative [news], it will depend on
reading the statement from whose
perspective,” said Gobind.
Asked if Axiata or Telenor had
approached him about the merger,
he said that he will disclose all in
the statement.
S P Setia says 1Q sales lower than expected
but keeps RM5.65b full-year target
BY SYAHIRAH SYED JAAFAR
KUALA LUMPUR: S P Setia Bhd se-
cured sales of RM718 million in the
first quarter of this year (1QFY19),
which the group said were lower
than expected.
It is, however, keeping its sales tar-
get of RM5.65 billion for the full year.
In a statement yesterday, S P Set-
ia said the wait-and-see attitude still
lingers as purchasers are waiting
for positive leads for the property
market to recover.
In 1QFY19, it launched projects
worth RM339 million in gross de-
velopment value, largely compris-
ing landed properties. “Despite the
lacklustre property market, there is
still strong demand for landed res-
idential properties from owner-oc-
cupiers looking to settle down in
million a year ago.
“Normally the first quarter result
is always good for us, the remaining
quarters tend to be a bit slow, but to-
wards the end of the year it will pick up
again,” Mohamed Hassan observed.
The insurer registered earnings of
RM295 million, or a hefty 43% year-
on-year (y-o-y) growth in its financial
year ended Dec 31, 2018 (FY18). Rev-
enue increased 23% to RM2.64 billion.
Mohamed Hassan expects ST-
MK’s credit-related products to drive
revenue as product demand is ex-
pected to grow in line with Islamic
finance. Fire, general takaful, and
motor insurance would also contrib-
ute to top-line growth, he said, noting
THE EDGE FILE PHOTO
“I was aware … [about the deal]
but I’m getting all the facts first.
There are certain things that I have
to sort out first before I come out
with the statement.”
“I’m not sure [if] the Malaysian
established townships. For instance,
the launch of Clarino, a phase of dou-
ble-storey terrace houses priced from
RM649,000 onwards in the mature
township of Alam Impian in March
achieved a commendable take-up
rate of 98% within a month,” it added.
Out of the RM718 million sales
achieved in the three months ended
March 31, 2019, local projects con-
tributed RM678 million or 94% of
the total sales, while international
projects contributed the remaining
RM40 million or 6%.
Amid a soft property market, S P
Setia saw its net profit for 1QFY19
fall 14.1% to RM52.83 million from
RM61.49 million a year ago. This re-
sulted in lower earnings per share
of 1.33 sen for 1QFY19, compared
with 1.7 sen for 1QFY18.
Quarterly revenue, however, rose
the placement of motor insurance
on its digital platform saw a monthly
gross contribution of RM5 million.
The group has more than a mil-
lion policyholders and has seen a
20% to 35% y-o-y rise in numbers,
he said, adding that growth has been
quite flat for conventional insur-
ance, but that the takaful industry
has seen low double-digit growth as
the segment is relatively newer and
growing from a lower base.
On its Indonesian operations,
Mohamed Hassan said the group’s
longer-term goal is for the segment
to contribute a fifth to the insurer’s
bottom line, from less than 5% at
present. According to STMK’s FY18
Communications and Multimedia
Commission [is aware], but I was
briefed. Hopefully by [tomorrow
(today)] I will come out with an
official statement,” he added.
Axiata on Monday announced
that it was in talks with Norway’s
Telenor Group to merge their op-
erations in Asia.
Assets that have been put on the
negotiating table are both parties’
mobile service operations and tel-
co towers that spread across Asean
and Southern Asia.
Axiata president and group chief
executive officer Tan Sri Jamaludin
Ibrahim said that the merged en-
tity will be the largest operator in
Asean, with a pro forma revenue
of RM50 billion and a net profit of
RM4 billion.
31.9% to RM864.91 million from
RM655.5 million for 1QFY18, thanks
to progressive revenue recognition
from strong take-up rates in the final
quarter of last year from its mature
townships, which recorded com-
bined sales of RM1.63 billion or 32%
of the total sales achieved in FY18.
S P Setia president and chief ex-
ecutive officer Datuk Khor Chap Jen
said it is monitoring the property
market closely and with the pipe-
line of diversified products, mainly
concentrated on landed residential
properties, the group will roll out
more launches the moment the
property market picks up.
For the remaining part of FY19,
it has planned a total of RM6.47
billion worth of launches, of which
RM4.65 billion will be in the Klang
Valley and RM1.12 billion in Johor.
HOME BUSINESS 9
annual report, the group has two
subsidiaries in Indonesia: PT Syarikat
Takaful Indonesia (56% stake), and PT
Asuransi Takaful Keluarga (74.80%).
“A lot of foreign insurers in Indo-
nesia are operating via the takaful
window concept, we have a stand-
alone company in the country. At
this moment in time I do not see the
segment contributing significant-
ly to our top line and bottom line
for 2019,” said Mohamed Hassan.
Takaful windows are used by in-
surers to provide shariah-compliant
products alongside conventional
products, on the basis that the cli-
ent’s funds for each product are
segregated and not pooled together.
R E S U LT S I N B R I E F
Genting Singapore posts 5% drop in
1Q earnings on lower gaming revenue
BY S AM AN T H A C H IE W
SINGAPORE: Genting Singa-
pore Ltd’s earnings for the first
quarter ended March 31, 2019
(1QFY19) fell 5% to S$205.5 mil-
lion (RM625.64 million) from
S$217.2 million in 1QFY18.
This came on the back of a
5% drop in revenue to S$640.4
million from S$675.1 million a
year ago, mainly due the group’s
gaming business in Resorts World
Sentosa experiencing an 8% year-
on-year (y-o-y) drop in revenue
to S$430.2 million.
This was partially offset by
higher revenue from the group’s
non-gaming business in the Sin-
gapore integrated resort, which
saw 1% y-o-y increase to S$209.3
million, marking its eighth con-
secutive quarter of y-o-y revenue
MRCB-Quill REIT records lower NPI,
declares 1.81 sen DPU
KUALA LUMPUR: MRCB-Quill
Real Estate Investment Trust’s (MQ
REIT) net property income (NPI) in
the first quarter ended March 31,
2019 slipped 6.2% to RM32.38 mil-
lion from RM34.54 million a year
ago, on the back of lower revenue.
Revenue fell 5.8% to RM41.72
million from RM44.29 million
last year, despite lower proper-
ty operating expenses and trust
expenses, its filing with Bursa
Malaysia yesterday showed.
The commercial REIT has
declared a distribution per unit
(DPU) for the quarter of 1.81 sen,
13.8% less than the 2.1 sen re-
turned in first quarter of financial
year 2018.
Trust manager MRCB Quill
Mohamed Hassan said the group
was in discussions with certain par-
ties over the possibility of a joint
venture in Indonesia, adding that
the right partner would need to
have distribution capabilities.
He also hinted at the possibility
of declaring a bonus issue if STMK’s
share price continues to hover at
around current levels of RM6.18. “It
is a possibility. It will improve liquid-
ity in the market, and the price will
adjust itself downwards to make it
(the stock) more affordable, perhaps
that is something we will look at.”
STMK is currently trading at a
five-year high, with a market cap-
italisation of RM5.11 billion.
growth with higher spend per
visitor; as well as a 56% increase
from other revenue to S$900,000.
However, cost of sales in-
creased by 6% to S$351.2 mil-
lion, causing 1QFY19 gross profit
to come in 16% lower at S$289.2
million from a year ago.
Other operating income saw a
fourfold increase to S$4.9 million,
compared with S$1.2 million in
the previous year. Interest in-
come also increased 39% y-o-y
to S$21.8 million.
Administrative expenses in-
creased 1% to S$43.1 million,
while selling and distribution
expenses dropped 1% to S$12.3
million and other operating ex-
penses fell 83% to S$3.9 million.
During the quarter, hotel oc-
cupancy remained high at 93%.
— The Edge Singapore
Management Sdn Bhd (MQM)
expects some fluctuation in earn-
ings amid the persistent challeng-
ing office market environment.
“However, we remain optimis-
tic that MQ REIT’s operation will
be able to weather these market
challenges over time.
“We will continue to focus on
tenant retention to maintain a
stable occupancy and healthy
weighted average lease expiry,
which stood at 4.84 years as at
March 31, 2019 for the REIT’s cur-
rent asset portfolio,” said MQM
chairman Tan Sri Saw Choo Boon.
MQ REIT’s portfolio of assets
boasts 369,000 sq ft, of which
19% of its total leased net lettable
area is due for renewal in 2019.
10 H O M E B U S I N E S S FR I DAY M AY 1 0 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

Regionalisation is fast under way

Maybank CEO says many future trends are expected to converge in Asia
S TO R I E S BY L I EW JI A TENG
SINGAPORE: Against the back-
drop of a fragmented global en-
vironment, countries around the
world have started sliding into new
regional arrangements, especial-
ly in Asia, said Malayan Banking
Bhd (Maybank) group president
and chief executive officer (CEO)
Datuk Abdul Farid Alias.
Abdul Farid said there are signs
the transition from globalisation to
regionalisation is fast under way,
with many of the world’s future
trends expected to converge in Asia.
“The region’s rapid progress has
surprised even the most critical
sceptics, with the regional economy
projected to grow bigger than North
America and Europe combined by
2030,” he said when delivering his
keynote address entitled Doing
Right in a Period of Uncertainty at
the Invest Asia 2019 conference
yesterday.
Abdul Farid highlighted that the
share of intra-Asian trade to total
trade accelerated to 61% in 2018,
up from 57.3% in 2016.
Intra-regional foreign direct in-
vestment also increased to 50.2%
in 2017, up from 48% in 2015. Be-
sides, about half of all jobs created
from greenfield investments in Asia
originate from within the region.
Abdul Farid acknowledged that
the markets, across asset class-
es, remain on edge, as the global
economy is weakening in no small
measure because of a widespread
sense of uncertainty, a great source
of which is the ongoing trade war.
“We don’t have to look be-
yond the events of this week to
get a sense of the shared challeng-
es we face. We saw another one of
[US President Donald] Trump’s
market-breaking tweets this week
— threatening to hike tariffs on
Chinese imports from 10% to 25%
— just after the end of what initially
appeared to be friendly trade nego-
tiations last week,” he said.
He, however, added that the
real problem is not merely the risks
that tariffs pose to the present eco-
nomic order.
“The conflict as a whole has cast
serious doubts about the future of
global economic connectivity, with
world trade volumes plunging at the
fastest rate since the depths of the
financial crisis in May 2009,” said
Abdul Farid.
Nevertheless, he believes the cur-
rent period of global uncertainty is
a profound opportunity for Asian
economies to emerge as leaders in
sustainability, without compromis-
ing on Asean’s strong values to make
sustainable returns or profits.
“Investors should be convinced
that the freer and more accessible
the capital markets, the higher and
more sustainable the level of environ-
mental protection,” said Abdul Farid.
He noted that everyone stands to
benefit from the new markets, and
new forms of financial products as
US-China trade tensions bode well for Asean, say experts
SINGAPORE: The ongoing trade
tensions among the US, China
and other countries should bode
well for the Asean region, provided
that the Southeast Asian countries
could navigate their way through
this new, complex global landscape
in a divided world, an investment
conference was told yesterday.
APS Asset Management deputy
chairman (China) Prof Tan Kong
Yam said Asean is a theatre of ri-
valry, while the economic grav-
itational forces arising from the
US-China trade war will be very
significant in the coming years.
“Asean is like a lady; nobody
asked her to dance. But suddenly,
everyone asks her to dance, and she
is confused, which is not necessar-
ily a bad thing,” he said at Invest
Asia 2019 conference.
“If you look at the rivalry be-
tween China and Japan, and how
[Prime Minister Tun] Dr Mahathir
[Mohamad] renegotiated the ECRL
(East Coast Rail Link) project, the
dynamics of rivalry have signifi-
cantly benefited Asean countries
in squeezing better terms out of
this negotiation,” said Tan.
Maybank Kim Eng region-
well as environmental and social im-
provements that sustainable finance
is bound to achieve in the coming
years in Asean.
“While financial institutions have
started embracing the importance of
incorporating sustainability consid-
erations, more concerted dialogue is
needed to drive a humanised agen-
da that aligns the interests of capi-
tal markets with the developmental
needs of underserved communities,”
he added.
Organised by Maybank, Invest
Asia 2019 hosted over 240 local and
regional fund managers from Singa-
pore, Malaysia, China, Hong Kong,
the Philippines, Thailand, the UK
and the US with total estimated as-
sets under management of US$11
trillion (RM45.65 trillion).
al economist Dr Chua Hak Bin
pointed out that while Beijing’s Belt
and Road Initiative (BRI) opens a
window of opportunity for many
Southeast Asian countries, it also
brings the Asean region closer into
China’s orbit.
“I hope it doesn’t come to a
point where Asean will have to take
sides. It’s good to have more parties
at the dinner table to dance with
you,” he said, echoing Tan’s view.
Chua said a recent study by the
World Bank had concluded that
BRI transportation projects could
lift global gross domestic prod-
uct by 3% — much larger than all
the free trade agreements signed
globally.
“Obviously, nobody can come
out with that kind of resources to
support initiatives like the BRI to
connect the rest of Asia, even in-
cluding landlocked countries such
as Laos,” he said.
Tan highlighted that China had
been the world’s largest economy
for 1,800 years before it went into a
relative decline in the last 150 years.
“Therefore, one should not un-
derestimate the collective aspira-
tions of China, the country with the
Abdul Farid: The region’s rapid progress has surprised even the most critical sceptics.
largest population rising to be the
largest economy in the world, try-
ing to reclaim that perceived right-
ful place in the universe,” he said.
Tan went on to say that if Japan
does not revitalise, the US becomes
more inward-looking and India is
yet to play a major locomotive role
in the global economy, Asean could
be pulled into the China’s zone of
influence, willingly or unwillingly.
“From Asean’s strategic per-
spective, if there is only one person
who could invite you for dinner and
a dance, your scope is limited. In
Asean’s own interest, we should
engage with the US and Japan as
long as possible,” he said.
Dr Simon Ogus, the chief execu-
tive officer of DSG Asia, concurred.
“When two elephants meet, you
don’t want to be caught in the mid-
dle. Everyone will be trying to avoid
taking sides. But of course, if you
look at Laos and Cambodia, the
more authoritarian the government
is, the more likely they will tilt to-
wards the Chinese side,” he said.
Ogus opined that what China is
missing at the moment is the soft
power aspect.
“The reality is that Asean coun-
tries want Chinese money, but they
don’t particularly like the attitude
that comes with it. If China can
become a softer empire, it would
be a win-win [situation],” he said.
Meanwhile, Tan is of the view
that as long as the situation is being
managed well, the Asean coun-
tries should not fall into a debt trap
made in China’s BRI.
“A debt trap is a trap only if you
step into it. A great power is not a
charity organisation. It has its own
interest,” he said.
Tan also described today’s frag-
mented world as a solar system
with two suns, which is highly po-
tentially unstable.
“After the Soviet Union col-
lapsed, the US was the huge sun,
and the rest of the planets revolved
fitfully. But one planet called China
is becoming larger and larger, so
much so that its relative size to the
existing sun has become equal, or
maybe even larger,” he said.
“If you understand cosmology,
a two-sun gravitational force is very
complex, and it is very difficult for
the smaller planets to navigate.
Hopefully, we don’t have to take
sides in future,” he added.

Teo Seng 1Q net profit more than triples
BY TAN XU E Y I N G
KUALA LUMPUR: Egg producer Teo Seng
Capital Bhd’s first-quarter net profit more
than tripled to RM22.09 million or 7.37 sen
per share, from RM6.61 million or 2.2 sen
per share a year ago. The group said revenue
rose 30.8% to RM150.52 million for the quar-
ter ended March 31, 2019 (1QFY19), from
RM115.08 million previously, on the back of
continued stable selling prices of eggs, cou-
pled with improved production efficiency.
It declared an interim single-tier dividend
of three sen per share amounting to about
RM9 million, to be payable on June 26.
“In view of the current stable supply of
eggs and feed cost, the directors are optimis-
tic about the financial performance of the
group for the remaining nine-month peri-
od ending Dec 31, 2019,” the group said in
a stock exchange filing yesterday.
Teo Seng Capital, which has seen its share
price run up over 40% year-to-date, gained
another eight sen or 6.25% to close at RM1.36
yesterday. At its current price, the group has
a market capitalisation of RM407.7 million.
The group is controlled by Leong Hup
International Bhd, an integrated poultry
producer en route to a Main Market relist-
ing next Thursday.
Leong Hup International’s public offering
of 937.5 million shares has been oversub-
scribed 3.64 times, with institutional and
final retail prices fixed at RM1.10 per share.
‘Shell to shut oilfield for maintenance in July’
BY FLO RE NC E TAN
SINGAPORE: Royal Dutch Shell plc plans
to carry out maintenance of an oilfield off-
shore Sabah, reducing the volume of Kiman-
is crude exports in July, four sources said
yesterday.
Kimanis is Malaysia’s largest export grade
and the drop in shipments is expected to
tighten Asian crude supplies, the four indus-
try sources said. Work in the Gumusut-Kakap
oilfield could last for 27 days and will reduce
Kimanis crude exports to three cargoes in
July to early August, down from eight car-
goes in June, one of the sources said.
The July work will include maintenance
of Gumusut-Kakap’s topside and the devel-
opment of a Phase 2 project that is expected
to add 50,000 barrels per day (bpd) of pro-
duction when it hits its peak, the source said.
Output from Gumusut-Kakap is expected
to rebound to 160,000 bpd in August when
the work is completed, including the ini-
tial barrels from Phase 2, the source said.
This will bring total Kimanis production to
220,000 bpd in the same month.
Shell says on its website that Phase 2 is
scheduled for start-up in 2019.
Shell did not respond to a request for
comment.
Gumusut-Kakap is located 120km off Sa-
bah. Phase 2 is aimed at shoring up output
from the field, which has been in produc-
tion since 2012, the sources said. — Reuters
FRIDAY M AY 1 0 , 20 1 9 • T HE E D G E FINA NCIA L DA ILY 11
12 ST O C KS W I T H M O M E N T U M
Onus on trade reps to obtain
proper third-party authorisation
— OCBC Securities
BY BENJAMIN CHER
SINGAPORE: Woon Kok Yan, the head
of risk management of OCBC Securities,
placed the blame squarely on trade rep-
resentatives for failing to obtain formal
third-party authorisation, when he took
the stand in court on Day 13 of the penny
stock manipulation trial of John Soh Chee
Wen and Quah Su-Ling yesterday.
In his conditional statement, Woon cit-
ed the terms and conditions for account
openings, as well as the Singapore Exchange
Securities Trading Limited (SGX-ST) rule
book, as rules for account holders to abide
by, including giving formal third-party au-
thorisation.
Deputy public prosecutor Ng Jean Ting
then asked Woon about the contents of
OCBC Securities’ third-party authorisa-
tion form.
Woon said information required by the
form included the third party’s name, ad-
dress, NRIC number and the reason for the
third party to be authorised.
OCBC Securities would then carry out
bankruptcy, any delinquency in payment
and anti-money laundering checks, he
added. According to Woon, an individual
can only be authorised as a third party for
up to three accounts. Limiting the number
of accounts they can act for is to allay the
concern of an underlying scheme and re-
duce the risk for OCBC Securities.
During cross-examination by the de-
fence counsels, Woon kept repeating that
“the clauses were there to limit the risk for
[OCBC Securities]”, and that the “[trade rep-
resentatives] would be in breach”.
When Soh’s defence counsel N
Sreenivasan asked Woon if any action had
been taken by the Singapore Exchange
against OCBC Securities or any of its trad-
ers for unauthorised third-party trading
linked to the three penny stocks, Woon
replied: “No.”
It was later revealed that OCBC Secu-
rities remisier Angelia Poon Mei Choo,
Metronic sues 11 shareholders holding
a 39% stake for conspiracy, blackmail
KUALA LUMPUR: Metronic Global Bhd is
suing a group of shareholders who collec-
tively hold a 39% stake, alleging that they
had conspired to injure the company.
The building management engineering
solution provider also accused the share-
holders of blackmailing the company for
RM20 million and to withdraw a police
report against one of them, Tan Ew Chew.
Metronic claimed that these sharehold-
ers had also failed to undertake a manda-
tory general offer after they gained control
over the company.
In a filing with Bursa Malaysia yester-
day, Metronic named the 11 defendants
as Ew Chew, Tan Kian Hong, Tan Hong
Hong, Tan Lian Hong, Ooi Chieng Sim,
Lagenda Perdana Sdn Bhd, Progerex Sdn
Bhd, Skylitech Resources Sdn Bhd, Hock
Lok Siew Realty Sdn Bhd, A1 Capital Sdn
Bhd and Ng Wai Yuan.
“For avoidance of doubt, the company
had made a police report earlier as a re-
Stocks with momentum were picked up using a proprietary algorithm by Asia Analytica Data Sdn Bhd and first appeared at www.theedgemarkets.com.
Please exercise your own judgement or seek professional advice for your specific investment needs. We are not responsible for your investment decisions.
www.theedgemarkets.com
HOME BUSINESS
JOHN SOH’S
TRIAL
IN SINGAPORE
who took the stand on Wednesday, has
been suspended by OCBC Securities since
March 28.
Sreenivasan also revealed that OCBC Se-
curities accounted for 10% to 14% of trades
involving Blumont Group Ltd, Asiasons
Capital Ltd (now known as Attilan Group
Ltd) and LionGold Corp Ltd (BAL) shares.
He also inquired about a trader code
related to OCBC Securities, which trans-
acted large volumes of BAL shares. The
prosecution later revealed that the code
was related to trades done by institutional
clients of OCBC Securities.
Quah’s defence counsel Philip Fong
also grilled Woon about specific clauses
in the terms and conditions of an account.
Referring to Clause 2C, Fong got Woon
to agree that unless a trade representative
informed the account holder that a formal
third-party authorisation was required, the
account holder would not know.
Under re-examination by Ng, Woon
was asked how an account holder could
communicate his instructions through a
third party, under Clause 2C.
Woon said the account holder needed
to fill in a third-party authorisation form,
retracting from his earlier answer where he
agreed with Fong that this was not stated
under Clause 2C.
When asked if the trade representative
could waive the requirement of the form,
Woon said the form was necessary.
“[OCBC Securities] would not know if
the [trade representative] does not submit
the form,” said Woon.
The trial resumes today, when a trade
representative of Lim & Tan Securities will
take the stand. — The Edge Singapore
sult of which Tan Ew Chew was charged
for criminal breach of trust in the criminal
court,” the company said.
Metronic also said that the notice issued
on April 25 by Lagenda Perdana, Lian Hong
and Ng to requisition an extraordinary
general meeting to remove three directors
(Hoo Wai Keong, Datuk Kua Khai Shyuan
and Khor Ben Jin) and appoint four new
ones (Kian Hong, Loh Chye Teik, Seah
Soo Chang and Kok Chee Hong) is invalid.
Metronic said it is seeking a declaration
that the 11 defendants are persons acting
in concert and that they had obtained con-
trol over the company as defined by the
securities laws.
It also wants a declaration that the req-
uisition notice is null and void, besides
seeking damages.
Metronic’s share price closed down
half a sen or 6.25% at 7.5 sen yesterday,
giving the counter a market capitalisation
of RM72.2 million.
FR I DAY M AY 1 0 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
Our shareholders, directors and employees may have positions in any of the stocks mentioned.
LEADER STEEL HOLDINGS BHD (+ve)
TRADING of shares in steel manufacturer On April 23, Leader Steel announced
Leader Steel Holdings Bhd (fundamental:
0.35/3, valuation: 1.1/3) triggered our mo-
mentum algorithm yesterday for the first
that it had bought 3.79ha of industrial land
in Kuching, Sarawak for RM9.8 million to
expand its plant and office. It was also look-
time this year.
The stock closed up one sen or 3.17%
at 32.5 sen, giving it a market capitalisa-
ing to consolidate all operations in Sabah
and Sarawak.
The group reported a 37.2% year-on-
tion of RM41.61 million. A total of 392,200
shares were traded compared with its 200-
day average trading volume of 70,353.5
year (y-o-y) decline in net profit to RM4.88
million for its financial year 2018 despite
a 16.52% y-o-y increase in revenue to
shares. RM284.03 million.
LEADER STEEL HOLDINGS BHD
Valuation score*
Fundamental score**
1.10
0.35
TTM P/E (x) 8.01
TTM PEG (x) (0.22)
P/NAV (x) 0.27
TTM Dividend yield (%) -
Market capitalisation (mil) 39.09
Shares outstanding (ex-treasury) mil 124.11
Beta 1.54
12-month price range 0.25-0.45
*Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength
& profitability
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
LEWEKO RESOURCES BHD (+ve)
TRADING of shares in Leweko Resources Leweko narrowed its net loss to RM1.45
Bhd (fundamental: 1.25/3, valuation: 0.9/3) million in the first half of its financial
triggered our momentum algorithm yester- year 2019, from RM1.96 million a year
day after 333,200 shares were traded com- ago.
pared with the counter’s 200-day average Revenue for the six-month period grew
trading volume of 57,875.5 shares. to RM18.58 million from RM11.96 million
The stock closed up 1.5 sen or 8.33% to on higher sales in its precast concrete divi-
a three-month high of 19.5 sen, giving it a sion as well as its property and construc-
market capitalisation of RM62.77 million. tion division.
LEWEKO RESOURCES BHD Valuation score* 0.90
Fundamental score** 1.25
TTM P/E (x) -
TTM PEG (x) -
P/NAV (x) 0.70
TTM Dividend yield (%) -
Market capitalisation (mil) 57.94
Shares outstanding (ex-treasury) mil 321.89
Beta 1.17
12-month price range 0.11-0.28
*Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength
& profitability
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
GOLDEN LAND BHD (-ve)
TRADING of shares in Golden Land Bhd
(fundamental: 1.65/3, valuation: 0.9/3) trig-
of RM3.94 million compared to a net profit
of RM5.72 million a year ago in the absence
gered our proprietary momentum algorithm of a gain on disposal.
yesterday for the first time this year. This was despite revenue for the quarter
The stock closed up one sen or 2.5% at more than doubling to RM3.39 million from
41 sen, giving it a market capitalisation of RM1.25 million a year ago, mainly due to
RM91.39 million. A total of 100,000 shares higher recognition from its property division.
were traded versus the counter’s 200-day Golden Land has recently made news as
average trading volume of 8,890.5 shares. one of the companies overpaid for land sold
For its second financial quarter ended to FGV Holdings Bhd, following its sale of
Dec 31, 2018, the Sabah-based plantation plantation land in Sabah to FGV for RM655
and property company reported a net loss million in 2015.
GOLDEN LAND BHD Valuation score* 0.90
Fundamental score** 1.65
TTM P/E (x) -
TTM PEG (x) -
P/NAV (x) 0.19
TTM Dividend yield (%) -
Market capitalisation (mil) 85.81
Shares outstanding (ex-treasury) mil 214.51
Beta 0.26
12-month price range 0.34-0.53
*Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength
& profitability
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
FRIDAY M AY 1 0 , 20 1 9 • T HE E DG E FINA NCIA L DA ILY
P R O P E RT Y 1 3

UK to spend £200m
replacing combustible
cladding of high-rises
Govt steps in after private developers refuse to bear costs
BY A N D R EW MACA SK I L L
LONDON: The British government
will spend £200 million (RM1.08 bil-
lion) to replace combustible cladding
on the outside of high-rise buildings
after some private developers refused
to pay to make them safe in response
to fire that killed 71 people.
The announcement comes two
years after a blaze engulfed Grenfell
Tower, a 24-storey London social
housing block, the deadliest domes-
tic fire in Britain since World War II.
The fire raised questions about
building regulation and the quality
of cladding in particular. Officials
have said aluminium cladding with
a plastic core contributed to the
rapid spread of the blaze.
After spending months trying
to persuade property companies
to pay to remove the cladding with
only limited success, the govern-
ment has decided to step in with
public funds to fix the cladding on
about 170 high-rise buildings.
Prime Minister Theresa May said
although some private companies
had acted, many had failed to do or
had tried to pass on the cost of the
work to people living in the buildings.
“It is of paramount importance
that everybody is able to feel and
be safe in their homes,” May said.
“We will now be fully funding the
replacement of cladding on high-
rise private residential buildings
so residents can feel confident
they are secure in their homes.”
Government figures show 166
private buildings out of 176 iden-
tified with the cladding after in-
spections carried out following
the Grenfell fire have yet to start
removing the material.
Housing minister James Bro-
kenshire said he had changed his
mind on waiting for developers to
pay up for safety work because of
the stress on the residents living
in the buildings.
“What has been striking to me
over recent weeks is just the time it
is taking and my concern over the
leaseholders themselves — that anx-
iety, that stress, that strain,” he said.
Residents of tower blocks
wrapped in combustible clad-
ding were suffering bouts of de-
pression and suicidal feelings, a
survey found last month.
Leaseholders were facing bills
of tens of thousands of pounds
each to fix their homes.
Building owners will have three
months to claim the funds, with
one condition being that they take
“reasonable steps” to recover the
costs from those responsible for
the cladding.
Grenfell United, a group of sur-
vivors and the bereaved, said the
news offered hope to people feel-
ing at risk at home.
“This result is a testament to
residents themselves, in social
and private blocks, who refused to
be ignored,” the group said. “The
truth is we should never have had
to fight for it.” — Reuters
Home belonging to Meng located in Vancouver, Canada seen on Wednesday. One of
Meng’s defence lawyers has claimed that ‘the existing home is a corner lot, exposed on
three sides, there isn’t clarity between public and private portions’. Photo by Bloomberg
Huawei CFO moving to her
bigger C$13m mansion
BY NATALI E O B IKO PE A R S O N banner flaps on the front lawn.
“The existing home is a corner
VANCOUVER: Huawei Technolo- lot, exposed on three sides, there
gies Co chief financial officer (CFO) isn’t clarity between public and
may still be under house arrest in private portions,” one of Meng’s
Canada but she is on the move — to defence lawyers, David Martin, told
her newly renovated C$13 million the court. “Currently, large num-
(RM40 million) mansion. bers of people go there, sometimes
The Supreme Court of British Co- approach the house.”
lumbia approved Meng Wanzhou’s Such nuisances would be mini-
petition on Wednesday to modify mised with the move. The new home
her bail terms, which included a re- in the Shaughnessy neighbourhood
quest to move from her C$5 million is larger and enclosed, allowing her
six-bedroom residence near a park, paid bail monitors “to carry out their
to an estate more than triple the size duties more effectively and fully
in one of Vancouver’s toniest neigh- within the gated property”, Martin
bourhoods. She will be just two doors said. Meng plans to relocate tomor-
down from the US consul general’s row, according to an affidavit filed
residence, where the star-spangled by her bail monitor. — Bloomberg

British property market still subdued as Brexit weighs on prices — RICS

BY J I L L WARD
LONDON: House price growth in
the UK remained weak in April as
the slump in southeast England
and London depressed the market,
the latest survey from the Royal
Institution of Chartered Surveyors
(RICS) showed.
The index was unchanged as a
dip in new buyers weighed on pric-
es, the report said yesterday. Expec-
tations for the next three months
are for flat or declining sales across
all of Britain.
The country’s protracted de-
parture from the European Union
(EU) has been weighing on the
housing market for months, hitting
the southeast and the capital par-
ticularly badly. Contributors to the
survey continued to cite Brexit as a
damping factor. Landlords are also
likely to exit the market because of
changes to eviction laws and a ban
on rental fees, respondents said.
Sellers are becoming “more re-
alistic” about pricing as the market
slows, the report said. Sales expec-
tations over the next 12 months
show a slight improvement.
“Although there are signs of great-
er realism on pricing from vendors,
there is little conviction in the feed-
back from respondents to the survey
that activity in the housing market
will pick up anytime soon,” said Si-
mon Rubinsohn, chief economist at
RICS. “The key RICS buyer enquiries
indicator remains subdued and sales
expectations looking a year out are
only modestly positive.”
Meanwhile, the National Insti-
tute of Economic and Social Re-
search became the latest body to
try to put a price on Brexit yester-
day, with a report suggesting that
British gross domestic product in
the longer term will be around 3%
lower in a UK-EU customs union
than it would have been had the
nation stayed in the bloc. That
is equivalent to a loss of around
£800 (RM4,320) per person per
year. — Bloomberg

SUBSCRIBE NOW
Driving Conversations,
Inspiring Change
Print + Digital
(12 months)

$169$3.25 per week

For online subscription:

subscribe.theedgesingapore.com *Subscription to The Edge Collection is non-cancellable and non-refundable.
Visit our website or subscribe via hotlinespore@bizedge.com
14 H O M E
Voters relive
historic polls win
GE14 memories are top trending views
BY M SA RA SWAT HI
KUALA LUMPUR: Malaysians took
to social media sites, including
Twitter, Instagram and Facebook,
to cherish their experience of voting
in the 14th general election (GE14)
which saw the Pakatan Harapan
coalition creating history by taking
over the federal government for
the first time since independence.
Among them were former minis-
ter of international trade and indus-
try Tan Sri Rafidah Aziz, who con-
gratulated the Pakatan government
and Prime Minister Tun Dr Mahathir
Mohamad on her Facebook page.
She urged Malaysians to judge
and evaluate the government after
it serves the full term.
“We must allow the full run of five
years before coming to any judge-
ment and evaluation of the Pakatan
Harapan government. God willing,
Pakatan Harapan will be able to meet
the expectations of the rakyat, before
they come out again in four years’
time to vote in PRU 15,” she wrote.
Rafidah has 38,468 followers on
her Facebook page.
In GE14 that took place on May
9, 2018, Pakatan garnered 5,685,252
out of 12,299,514 votes. The voter
turnout was 82.32%.
On Instagram, celebrity Chef
Wan’s post on Dr Mahathir received
14,632 likes.
“He is indeed our Msian Hero!
Saving this country from bankrupt-
cy!” said the inimitable chef whose
real name is Redzuawan Ismail.
Dr M: Baffling how PAS,
Umno can join hands
BY A DA M A ZI Z
PUTRAJAYA: Prime Minister Tun Dr
Mahathir Mohamad has called on
politicians to stop using race and
religious issues for their political
interests, as Malaysia celebrates
the first anniversary of its first-ever
change in the federal government
yesterday.
Dr Mahathir — who has led both
sides of Malaysia’s political divide
— also rejected critics’ claim that
the Pakatan Harapan government
sidelines issues relating to the Is-
lamic and Malay community, and
that it wants to abolish the country’s
monarchy system.
In a special address to mark
“One Year of Malaysia Baharu”,
Dr Mahathir also took a dig at op-
position parties PAS and Umno —
which joined hands after Umno lost
federal power in the 14th general
election (GE14) a year ago.
“What is pressing is the crea-
Rafidah: Judge and evaluate the
government after it serves the full term.
The Edge file photo
“Yes, we might not have a per-
fect government to turn around so
quickly our economy after what
Umno rule has done previously
but indeed we are always better
than having a corrupted govern-
ment that steals everything from its
Rakyat that bring shame to orang2
Melayu, Agama dan Negara! [the
Malay people, religion and country]
The top three hashtags that on
Twitter were #MalaysiaBaharu,
#GE14 and #SelamatHariRakyat.
“Happy anniversary to #Malay-
siaBaharu! I remain inspired by that
spectacular and monumental change
a year ago, delivered by Malaysians
across the ethnic divide, peaceful-
ly! Despite the bumpy ride thru the
months, we will build, and shape
this Nation of ours, slowly but sure-
tion of a movement that is defi-
nitely masterminded by those
who have lost the election and are
fearful of having to face the legal
processes which have started to
shackle them.
“For this reason, they join hands
and the causes they uphold are
supposedly to defend the royal in-
stitution, the position of the Malays
and the sovereignty of the Islamic
religion.
“It is perplexing how PAS and
Umno can join hands and coop-
erate,” Dr Mahathir said, point-
ing to how in the years prior to
GE14, PAS supporters had refused
to support Umno candidates even
in constituencies where PAS was
not contesting.
Dr Mahathir said PAS members
would rather vote DAP, PKR, and
any other parties, Muslim-led or
not, as long as it was not Umno.
“Umno was rejected by the peo-
ple in GE14 because it was led by
ly!!” said Cynthia Gabriel on Twitter.
“Salam #MalaysiaBaharu! It’s
a gorgeous day, 1 year on. Malay-
sia on the right track — institu-
tions are being reformed, rule of
law back in place, less corruption
& abuse of power, major scandals
1MDB [1Malaysia Development
Bhd], Felda, Tabung Haji etc sort-
ed & more civil liberties,” said Eric
Paulsen, Malaysia’s representative
to the Asean Intergovernmental
Commission on Human Rights on
the micro-blogging site.
“Those yg vote Pakatan Hara-
pan ... stand up and be counted.
YOU helped to change a 60 years’
old Government yang tidak pernah
kalah [never lost] since Merdeka!!!
Other countries have to go to war
but Malaysians did through voting!!
Hidup Rakyat !!!” said @BadBoy2662.
Almost all the posts related to the
Pakatan government’s first year an-
niversary were either accompanied
by pictures of their inked fingernail
from last year or family, friends
that voted together as well as Dr
Mahathir. Some had all together.
They also thanked Dr Mahathir
for making a comeback to right
the wrong.
“#MalaysiaBaharu @chedetof-
ficial We thank you and we love
you!” said @Joshluc81.
“@chedetofficial Tun, God bless
u. Thanks for whatever you have
done for us. Happy anniversary,”
said @selvan9168. His tweet was
accompanied by a picture of his
two kids. — Bernama
a kleptocrat and responsible for
allowing massive thefts in Malay
and Islamic institutions such as
Tabung Haji, Felda and Mara.
“Today, PAS calls for its support-
ers to come together with Umno to
defend Malays and Islam.
“Where were they when Umno
leaders stole the nation’s assets
through 1MDB, Tabung Haji and
Felda as well as other government
institutions such as KWAP (Re-
tirement Fund Inc) and EPF (Em-
ployees Provident Fund)?” asked
Dr Mahathir.
He said that is why this supposed
struggle to defend Malays and Islam
is none other than defending the
nation’s robbers, who are hoping
that if this government falls, the
charges they face will be dropped
and they do not have to be responsi-
ble for the damages they have done.
“Cukup-cukuplah (enough of )
using the issues of race and religion
for political interest,” he added.
FR I DAY M AY 1 0 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
Abu Bekir’s ex-wife
seeks RM300m in
matrimonial assets
BY HA F IZ YAT IM
KUALA LUMPUR: The former
wife of Datuk Seri Mahmud
Abu Bekir Taib, Datin Shahnaz
A Majid, has filed a claim seeking
RM300 million in joint matrimo-
nial assets at the Syariah High
Court here.
Shahnaz, the elder sister of
jazz queen Datuk Sheila Majid,
had previously been successful
in getting a mutaah (conciliatory
gift) following their divorce to the
sum of RM30 million.
This follows a three-member
Syariah Court of Appeal bench af-
firming on last Oct 16 the Syariah
High Court decision on March 10,
2016 to award the RM30 million
for the alimony payment.
The couple married in 1992
and divorced on May 11, 2011.
They have a son Raden Murya,
who will turn 26 later this year.
Abu Bekir is the son of former
Sarawak chief minister and cur-
rent governor Tun Abdul Taib
Mahmud.
In Shahnaz’s latest legal ac-
tion that she re-filed on Jan 25
this year, sighted by theedge-
markets.com, she reduced her
initial sum sought from RM400
million, which was filed in 2011,
to RM300 million.
In her statement of claim,
Shahnaz, 56, claimed that there
are assets obtained by Abu Bekir,
who is the executive chairman of
Cahya Mata Sarawak Bhd, which
allegedly has billions of ringgit in
investments and revenue.
She said in their marriage, she
had contributed in working, be-
ing the wife and looking after the
family. Shahnaz graduated in the
US, and prior to her marriage
she was working at a local bank.
Former husband’s stakes
in companies
Shahnaz claims that during their
years of marriage, the couple had
the following assets: RM219.68
million of stakes and shares in 18
exempt private companies. She
listed her husband’s 50% stake
in Agapanthus Sdn Bhd, Alterdot
Sdn Bhd, Arena Taat Sdn Bhd,
Aspire Teamwork Sdn Bhd, Bakat
Sensasi Sdn Bhd, Campanula Sdn
Bhd, Cattheya Sdn Bhd, Dianthus
Sdn Bhd, Echinacca Sdn Bhd, Ivy
Craft Sdn Bhd, Lisianthus Sdn
Bhd, Mizahi Sdn Bhd, as well as
80% stake in Bismuth Sdn Bhd,
47.5% in Gypsophila Sdn Bhd,
99% in Radiant Lagoon Sdn Bhd,
47.5% in Strategy Expert Sdn Bhd,
80% in Titanium Engineering
Sdn Bhd and 5.1% in Vanadium
Land Sdn Bhd.
The divorcee further claims
that Abu Bekir holds stakes in 11
companies where the financial
accounts are not audited: Bella
Magic Sdn Bhd (47.5% stake),
Callistephus Sdn Bhd (50%),
Cyrilic Sdn Bhd (50%), Essen-
tial Straits Sdn Bhd (47.5%), Fair
Sprit Sdn Bhd (79%), Hammorial
Sdn Bhd (9%), Log Oak Promo-
tions Sdn Bhd (47.5%), Monarda
Sdn Bhd (52%), Murya Holdings
Sdn Bhd (1%), Polar Red Sdn Bhd
(37.35%), and Titanium Project
Management Sdn Bhd (51%).
Shahnaz further claims her
former husband has 20 stakes
in companies where the ac-
counts are audited: Cahya Mata
Sarawak (9.12% stake, shares
worth RM161.9 million), Sar-
awak Cable Bhd (20.66%, RM31
million), Achi Jaya Sdn Bhd
(15.65%, RM506,589), Daya
Shukra Sdn Bhd (25%, RM8.54
million), Digamma Sdn Bhd
(99%, no amount), Espatial
Resources Sdn Bhd (47.5%,
RM955,833), Graceful Design
Sdn Bhd (10%, no amount), In-
fratech Geotechnique Sdn Bhd
(25%, no amount), Kris Sakti
Holdings Sdn Bhd (100%), Kris
Sakti Petroleum Sdn Bhd (100%,
RM999,300), Man15 Sdn Bhd
(50%, no amount), Pehin Sri Her-
itage Sdn Bhd (9%, no amount),
Pelitamas Bumi Sdn Bhd (20%,
no amount), Bumitime Xtra
Sdn Bhd (67%, RM290,255),
Sarawak Capital Sdn Bhd (51%
RM45,133), Sure Versatile Sdn
Bhd (55%), Trenergy Infrastruc-
ture Sdn Bhd (6%, RM2.378 mil-
lion), Titanium Management
Sdn Bhd (59.58%, RM8.394 mil-
lion), Central Paragon Sdn Bhd
(52.5%, RM4.273 million), and
Double Versatile Sdn Bhd (65%,
no amount)
Savings and landed
properties
Shahnaz also alleged that her
former husband has savings in
several bank accounts amount-
ing to RM10.75 million as of
2012, along with Amanah Sa-
ham Bumiputera, Employees
Provident Fund and Tabung Haji
savings.
She also claimed Abu Bekir
holds inheritance from his late
mother Datuk Amar Laila Taib,
namely an 11.48% stake, worth
RM203 million, in Cahya Mata
Sarawak and her 50% stake in
Demak Jaya Holdings Sdn Bhd.
The divorcee further listed the
10 luxury cars that her former
husband possesses, including a
Bentley, Lamborghini, Bugatti,
two Ferraris, an Alphard, and
Audi Q5.
She also listed more than 20
properties in the form of oil palm
plantations in Sarawak, build-
ings in Sarawak, and a bungalow
in Bukit Tunku here as some of
the assets owned by her former
husband.
Following this, she is seeking
RM300 million as joint matrimo-
nial assets, declaration that she
is entitled to 50% of the listed
assets, and that the amount of
50% of the stakes in the assets is
transferred to her.
Yesterday, the matter came
up for case management before
the Syariah High Court registrar
Abdul Hadi Hamad, who directed
Abu Bekir’s lawyer, Waliuddin Ali-
as, to file the defence by June 18.
Shahnaz was present with her
lawyer Datuk Akberdin Abdul
Kader.
FRIDAY M AY 1 0 , 20 1 9 • T HE E DG E FINA NCIA L DA ILY
B R O K E R S’ C A L L 15

Vios seen driving A file pic of

Wisma Gadang

UMW’s 1Q sales
in Kuala Lumpur.
Its proposed
private placement
is to a certain
degree dilutive
to earnings per
share.

UMW Holdings Bhd UMW Holdings Bhd

(May 9, RM5.50)
Maintain market perform with an FYE DEC (RM MIL) 2018A 2019E 2020E
unchanged target price (TP) of
RM5.80: We expect UMW Holdings
Turnover 11,306.3 11,636.0 12,347.7 Gadang’s proposed placement
Bhd’s first quarter of financial year
Ebit/(LBIT)
PBT/(LBT)
522.9
786.2
412.8
611.9
508.2
736.1
expected to fund ongoing, future jobs
2019 (1QFY19) core net profit (CNP)
to come in at between RM83 million NP/(NL) 341.7 398.8 473.2 Gadang Holdings Bhd future construction projects —
and RM90 million, compared with CNP/(CNL) 379.7 398.8 473.2 (May 9, 82.5 sen) which are expected to enhance
its 4QFY18 CNP of RM69.3 million Consensus NP - 499.6 561.1 Maintain buy with an unchanged the bottom line — it is to a cer-
(up 21% to 30% quarter-on-quarter Core EPS (sen) 32.5 34.1 40.5 target price (TP) of 98 sen: Ga- tain degree dilutive to earnings
[q-o-q]) and 1QFY18 CNP of RM67.2 Core EPS growth 135.5 5.0 18.7 dang Holdings Bhd has proposed per share.
million (up 25% to 34% year-on-year NDPS (sen) 7.5 7.5 7.5
to undertake a private placement Recall that Gadang has entered
[y-o-y]). The results are due to be exercise, up to 10% of its enlarged into a pre-bid consortium agree-
BVPS (RM) 2.85 3.11 3.44
released by end-May 2019 (tenta- share base, after taking into con- ment with Million Rich Develop-
tively on May 21). We attribute this PER (x) 17.0 16.1 13.6 sideration the outstanding war- ment Sdn Bhd, a wholly-owned
to stronger UMW Toyota Motor’s PBV (x) 1.9 1.8 1.6 rants and employees’ share option subsidiary of DWL Resources Bhd,
1QFQ19 sales of 13,865 units (+3% Net gearing (x) 0.5 0.4 0.4 scheme. The issue price shall be to work together and bid for in-
q-o-q; +9% y-o-y), translating into a Net dividend yield (%) 1.4 1.4 1.4 fixed later, at not more than a 10% frastructure projects.
better total industry volume (TIV) Source: Kenanga Research
discount to the five-day volume We maintain our financial
market share of 10% (1QFY18: 9%). weighted average market price year 2019 (FY19) to FY21 earn-
The 1QFY19 sales largely came from of Gadang shares immediately ings forecasts pending further
pent-up demand for its all-new at 150,000, with about 130,000 million in FY17) before reaching before the price fixing date. development of the proposed
Toyota Vios (launched on Jan 24, units delivered) and the all-new the break-even level in FY20 con- We are “neutral” on the pro- private placement.
2019; 48% of 1QFY19 sales), and Perodua Aruz (bookings at 15,000 sidering that some front-loaded posed private placement. While We maintain our “buy” call on
supported by Toyota Hilux (19% of units; 6,600 delivered). Our 1QFY19 investments need to be amortised. most of the proceeds would be the stock with an unchanged TP
1QFY19 sales), the all-new Toyota CNP assumption of RM83 million UMW Aerospace delivered six fan used to fund ongoing and/or of 98 sen. — TA Securities, May 9
Rush (late delivery due to approval to RM90 million is expected to be cases in FY17 and, additionally, ex-
issues; 5% of 1QFY19 sales) and the within our full-year estimate in the pects to ramp up its production to Gadang Holdings Bhd
all-new Toyota Camry. Our 1QFY19 range of 21% to 23%. However, this 80 and 100 fan cases for FY18 and
CNP assumption is based on the is below the consensus expecta- FY19 and 150 fan cases by FY20 be- FYE MAY (RM MIL) 2017 2018 2019F 2020F 2021F
vehicles’ average selling prices for tion at 17% to 18%. UMW Toyota fore hitting full capacity of 250 fan Revenue 553.9 594.3 690.0 741.5 855.1
the past three quarters and expect- is targeting a better year in FY19 cases by FY21. Note that UMW has Ebitda 149.9 139.9 104.9 121.4 131.5
ed better margins from cost savings at 75,000 units (+15%) for Toyota not been disclosing the latest UMW Dep & amortisation (6.1) (6.4) (13.1) (12.0) (11.0)
derived from a higher localisation and Lexus models. Elsewere, Per- Aerospace’s financial numbers due
Finance cost (2.3) (1.8) (2.4) (2.3) (2.4)
rate of Vios (at 80%, compared with odua is targeting higher 2019 sales to a non-disclosure agreement with
the previous generation’s 50%) as of 231,000 (+1.7%), from Aruz and its principal, Rolls-Royce plc. PBT 141.6 132.6 89.4 107.1 118.2
well as fewer discounting promo- Myvi. For the equipment division, We maintain our “market per- Core PBT 141.6 143.1 89.4 107.1 118.2
tions for the outgoing models. the group will continue to lever- form” call with an unchanged TP of Taxation (38.0) (37.2) (22.8) (27.3) (30.1)
O u r a s s u m p t i o n i s f u r- age its partners’ (Komatsu & Tico) RM5.80 based on 17 times FY19 esti- MI 0.5 0.1 3.3 1.2 1.2
ther strengthened by stronger strengths, while UMW Aerospace is mated (E) earnings per share (EPS), Patmi 100.1 95.1 63.3 78.6 86.8
38%-owned Perusahaan Otomo- expected to reach the break-even which is the five-year historical Core Patmi 100.1 105.6 63.3 78.6 86.8
bil Kedua Sdn Bhd’s (Perodua) level in FY20. mean price-earnings ratio, implying
Core EPS (sen)* 15.9 15.4 9.4 11.5 12.6
sales at 60,573 units (+3% q-o-q; We expect UMW Aerospace (un- 14.3 times FY20E EPS. Risks to our
+9% y-o-y), with a higher TIV mar- der the manufacturing and engi- call include a lower-than-expected GDPS (sen)* 3.0 3.0 2.0 2.0 2.5
ket share of 42% (1QFY18: 41%), neering segment) to trim its losses car sales volume and unfavourable Dividend yield (%) 3.5 3.5 2.3 2.3 2.9
driven by higher deliveries of the to about RM20 million in FY18/ foreign exchange. — Kenanga Re- Note: *Adjusted for the one-into-two share split and one-for-four share bonus issue in November 2016
all-new Perodua Myvi (bookings FY19 (from losses of about RM60 search, May 9 Source: TA Securities

Decent start to the year for KLCC Stapled Group

KLCC Stapled Group KLCC Stapled Group DPUs during 1Q to 3Q, followed by
(May 9, RM7.85) The notable growth a bumper distribution in 4Q. This
Maintain hold with a higher tar- in retail revenue FYE DEC (RM MIL) 2017 2018 2019E 2020E 2021E explains the sharp q-o-q decline
get price (TP) of RM8.14: KLCC was driven by Revenue 1,366.8 1,405.9 1,404.7 1,451.5 1,471.8 in 1QFY19 DPU.
Stapled Group, comprising KLCC We maintain our “hold” rating
Property Holdings Bhd and KLCC higher average base Ebitda 1,032.9 1,049.0 1,063.7 1,080.9 1,095.4
on KLCC with a higher sum-of-
Pre-tax profit 1,115.3 964.1 964.3 982.5 997.4
Real Estate Investment Trust, re- rent (+2% y-o-y), the-parts valuation-derived TP of
ported a moderate set of results Net profit 877.9 724.9 749.2 760.5 770.4 RM8.14 as we roll over our valuation
— first quarter of financial year
improving occupancy EPS (sen) 48.6 40.2 41.5 42.1 42.7 horizon and incorporate a lower
2019 (1QFY19) revenue grew by and additional PER (x) 16.2 19.6 18.9 18.7 18.4 cost of equity of 7.6% (from 7.9%)
2.4% year-on-year (y-o-y) on high- revenue from digital Core net profit 720.4 726.7 749.2 760.5 770.4 in anticipation of higher investor
er contributions from the retail advertising. Core EPS (sen) 39.9 40.3 41.5 42.1 42.7 demand for defensive assets, taking
(+5.1% y-o-y) and management Core EPS growth (%) 0.2 0.9 3.1 1.5 1.3
our cue from the compression in
services segments (+5.2% y-o-y), Malaysian Government Securities
Core PER (x) 19.7 19.5 18.9 18.7 18.4
more than offsetting the lower ho- (MGS) yields and Bank Negara Ma-
tel revenue amid stiff competition its 1QFY19 distribution per unit Net DPS (sen) 36.2 37.0 39.0 40.2 41.4 laysia’s overnight policy rate (OPR)
in the luxury hotel market. The no- (DPU) by 1.1% to 8.8 sen. Overall, Dividend yield (%) 4.6 4.7 5.0 5.1 5.3 cut. At a 5% FY19 estimated yield,
table growth in retail revenue was the results were within market and EV/Ebitda 15.2 15.0 14.7 14.4 14.2 KLCC is trading near its five-year
driven by higher average base rent our expectations — its 1QFY19 CNP Affin/Consensus (x) 1.0 1.0 1.0 historical average — valuation looks
(+2% y-o-y), improving occupancy accounted for 25% of the street’s Sources: Company, Affin Hwang forecasts, Bloomberg
fair. Upside risks include further
and additional revenue from dig- and our full-year forecasts. compression in MGS yields/OPR
ital advertising. KLCC’s 1QFY19 KLCC’s 1QFY19 CNP con- cuts. Downside risks include de-
core net profit (CNP) grew by 1.8% tracted by a marginal 0.8% quar- lower revenues due to seasonal- charges cushioned the impact of terioration in the retail mall and
to RM184 million on higher reve- ter-on-quarter (q-o-q) to RM184 ity. Lower maintenance expens- lower revenues. The management hospitality markets. — Affin Hwang
nue and the manager increased million as all segments reported es and higher recovery of utility has historically paid out uniform Capital, May 8
16 B R O K E R S’ C A L L FR I DAY M AY 1 0 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

PGW1 expected to be Better FY19

CCM’s main earnings driver
Chemical Company of
Malaysia Bhd
(May 9, RM2.14)
Maintain buy with an unchanged
target price of RM3.08: We recent-
ly spoke with the management of
Chemical Company of Malaysia
Bhd (CCM) and the following were
some key takeaways.
Moving forward we can expect
average selling price (ASP) for caus-
tic soda to have an upward bias on
the back of expected (1) production
moderation in China due to a recent
explosion in Tianjiayi Chemical
factory in eastern Jiangsu province
(reported 78 casualties) resulting
in greater scrutiny by the Chinese
authorities, (2) Japan and South
Korea manufacturers are expected
to undertake a six-week statutory
shutdown for maintenance in April
and May, and (3) major importers
have received their Bureau of In-
dian Standards (BIS) certification
signalling exports to India (about
30% of Japan’s export volumes) to
resume thus diverting cargoes away
from the Asean region.
Its chlor-alkali plant Pasir Gu-
dang Works 1 (PGW1) reactivation
remains on track for early second
half of 2019 (2H19). We expect a
progressive ramp-up in production
as the new plant will take some
time for testing and commission-
ing before it can run up to speed.
Nonetheless, PGW1 will be the the
group’s main driver of earnings
moving forward. We expect the
capacity installed — 20,000 elec-
tro chemical unit (ECU) or 50%
increase in total capacity — will
replace about 28% of imports for
caustic soda (total imports about
earnings
outlook
seen for TSH
Resources
TSH Resources Bhd
(May 9, RM1.01)
Chemical Company of Malaysia Bhd US dollar will result in lower gross Maintain neutral with a higher
margins as about 85% of input costs target price (TP) of RM1.01: Fol-
FYE DEC (RM MIL) 2016 2017 2018 2019F 2020F are denominated in the greenback. lowing a dismal performance last
Revenue 296.37 370.71 395.94 403.80 429.72 For the chemical segment, caustic year, we see earnings recovery for
Ebitda 72.47 103.72 97.29 87.47 96.09 soda benefits from a strong US dol- TSH Resources Bhd in financial
lar as its input costs are denominat- year 2019 (FY19), led by (1) con-
Ebit 22.28 56.49 74.43 61.23 66.11
ed in ringgit but ASP is referenced tinuous double-digit fresh fruit
PBT -21.92 14.73 51.40 52.29 56.88 to US dollar. We estimate that a bunch (FFB) production growth,
PAT -7.79 -2.65 30.77 39.74 43.23 1% change in US dollar-ringgit ex- (2) stronger electricity sales from
Patmi – core -30.56 3.16 31.19 39.74 43.23 change rate would result in a 0.7% the biomass and biogas plants,
Patmi – reported -63.62 -5.24 25.71 39.74 43.23 to 0.8% uptick in earnings for CCM. (3) steady effective tax rate, and
Core EPS (sen) -3.85 -1.10 18.49 23.68 25.76 CCM was recently awarded (4) solid cocoa butter business.
P/E (x) nm nm 11.60 9.10 8.30 a three-year contract to supply Nevertheless, we lower our FY19
351,000 tonnes of caustic soda earnings forecasts by 13% for the
EV/Ebitda (x) 17.05 7.86 4.84 4.65 4.00
(contract value of RM315.9 mil- plantation segment as we see sig-
DPS (sen) 5.0 2.5 9.00 11.8 12.9 lion at current prices) to Petroliam nificant increase in cost pressures
Yield (%) 2.3 1.2 4.2 5.5 6.0 Nasional Bhd (Petronas). We were this year. Our FY20-21 earnings
BVPS (RM/share) 1.68 1.86 1.91 2.10 2.25 surprised by the timing of the an- forecast remains unchanged.
P/B (x) 1.16 1.05 1.02 0.93 0.87 nouncement of the tender result as However, our TP is revised up
ROE (%) -4 11 10 12 12 we had anticipated a delay, given slightly from 98 sen to RM1.01,
Net gearing (%) 45 109 18 20 24 the recent explosion in Pengerang, after rolling over our valuations
Johor. The sheer size of the volumes to FY20 with an unchanged price
Source: Hong Leong Investment Bank Research
awarded highlights Petronas’ confi- earnings (PE) multiple of 20 times.
dence in CCM. The contract award The company’s first quarter FY19
143,000 tonnes per annum) and for about RM15 million in sales validates our thesis that CCM is (1QFY19) results are expected to
completely replace acids imports or 17% of total sales from CCM’s an undervalued alternative proxy be released on May 27, 2019.
in the country (about 43,000 tonnes polymer division. to the Refinery and Petrochemi- The company has a total plant-
per annum). PGW1 allows CCM Seasonally, 1Q is expected to be cal Integrated Development Pro- ed area of 42,077ha with 85% in
to better position itself to take ad- a weaker quarter by virtue of fewer ject (Rapid) play relative to Dialog Indonesia. The plantation age pro-
vantage of market dynamics which working days. Furthermore, some of Group Bhd (TP: RM3.76 — FY19-20 file remains young, averaging 9.2
remain in a supply deficit while the oleo-chemical plants and clients price-earnings ratio [PER] of 42.1 years, which has contributed to
demand is growing. in general would undertake their and 34.3 times). the company’s FFB production
CCM is also expanding its capac- statutory shutdowns during the Chi- Our TP is a function of FY19 growth of 18-21% per annum for
ity for Kleeners, a cleaning solution nese New Year week; thus volumes earnings per share (EPS) of 23.7 sen the last two years. Banking on
for ceramic formers supplied to would also be lower. We can also pegged at a price-earnings (PE) mul- this young age profile, the com-
glovemakers. By the first quarter expect a lower y-o-y in 1Q19 versus tiple of 13 times. The stock is currently pany registered one of the highest
of 2020 (1Q20) its factory in Bangi, 1Q18: recall that caustic soda ASP trading at an attractive FY19-20 PER FFB yields in the industry, at 25.3
Selangor will house an additional was about US$650 per tonne in 1Q18 of 9.1 and 8.3 times with an implied tonnes per hectare.
10,800 tonnes per annum (+90% compared with US$382 per tonne in dividend yield of 5.5% to 6%. CCM The company’s bio-integra-
year-on-year [y-o-y]) production 1Q19. For the polymer segment, we remains an underappreciated proxy tion business consists of its op-
capacity. The expansion will be also expect a weaker quarter on the to the glove sector and Rapid inte- erations of biomass and biogas
funded internally with the bulk back of pre-stocking in 4Q18. grated petroleum complex. At this power plants in Sabah. It owns
of the capital expenditure spent The polymer segment is US dol- juncture the turnaround and growth and operates a 14 mega-watt hour
on storage tanks. In financial year lar bound with an inverse relation- story remains intact. — Hong Leong (MWh) biomass power plant and
2018 (FY18) Kleeners accounted ship with the greenback. A higher Investment Bank Research, May 9 a 3MWh biogas power plant in
Sabah. Other than for its internal
consumption, the power generat-

Prospects for automotive sector

ed is sold to Sabah Electricity Sdn
Bhd. Due to some disruptions, it
did not run at full capacity last year.

encouraging with new national car models

Automotive sector
Maintain positive: Bank Negara
Malaysia to cut its overnight pol-
icy rate (OPR) by 25 basis points
(bps) to 3% yesterday. The sector’s
total industry volume (TIV) growth
historically had an inverse relation-
ship with the OPR. An OPR hike
historically had a dampening im-
pact on TIV growth and vice versa
if the OPR is cut given improved
consumer spending and basical-
ly, lower hire purchase rates. As of
the first quarter of 2019 (1Q19), the
automotive sector registered a year-
to-date growth of 6%, driven main-
ly by new national car sport-utility
vehicle (SUV) launches. However,
against an inflated base, especially
in 3Q18, we forecast a flattish 0.2%
TIV growth in 2019.
Despite potentially stronger
consumer spending (and poten-
tial upside to TIV forecast), auto
players’ margins could be negative-
ly impacted by a potentially weaker
ringgit due to the OPR cut. Of the
players under our coverage, Tan
Chong Motor Holdings Bhd is most
sensitive to foreign exchange (forex)
movements — every 1% change
in US dollar-ringgit exchange rate
impacts our financial year 2019
(FY19F) forecast by 12%. This is
followed by UMW Holdings Bhd
(3% change to earnings for every
1% change in US dollar-yen ex-
change rate) and Bermaz Auto Bhd
(BAuto) (1.4% change for every 1%
change in yen-ringgit exchange
rate). BAuto’s exposure to the yen is
mainly via its completely-built-up
(CBU) purchases which make up
about 30% of Mazda’s TIV. Com-
pletely-knocked down (CKD) mod-
els are purchased in ringgit from
30%-owned Mazda Malaysia Sdn
Bhd, which does absorb the forex
volatility. MBM Resources Bhd is
least sensitive to forex changes as
earnings comprise mainly Perodua
vehicles, which entail highly local-
ised models (more than 90% of its
sales). Our recent chat with players
suggests up to a quarter of forex
hedging. Our base case for FY19F
forex currently stands at RM4.05 to
US$1, and RM3.70 to ¥100.
We maintain our positive view
on the automotive sector premised
on a national car offensive with new
model launches, which plug the
gaps in their model mix resulting in
structural market share expansion.
Besides Proton, Perodua is one of
the key proxies to this theme. TIV
growth so far this year has largely
been driven by Proton (+42.2 %)
and Perodua (+9.2%) year to date
(YTD).
MBM remains our top pick. We
reaffirm “buy” on the counter (TP:
RM4.20) as a cheap play into Pero-
dua’s TIV expansion. Key catalysts
are (i) strong 6% year-on-year Pero-
dua TIV expansion (FY19F) on the
back of the Aruz model to fill up a
vacuum in Perodua’s model mix
(ii) a recovery in industry produc-
tion driven by the new national car
launches. Risk to our call is weak-
er-than-expected demand for the
Aruz and a weak ringgit.
Also, maintain “buy” on BAuto at
unchanged sums-of-parts-derived
TP of RM2.85. From a valuation
standpoint, BAuto is cheap at just
10.8 times calendar year 2019 fore-
cast (CY19F) earnings while divi-
dend yield of 7% is very attractive.
Key catalysts are (1) the launch of
the CX8 in October or November
2019 and CX30 in the second half of
FY20, (2) dividend outperformance,
(3) over 50% increase in FY20F ex-
port volume driven by the CX8, (4)
potential National Automotive Pol-
icy incentives to drive CBU exports,
and (5) potential localisation of the
CX30. — MIDF Research, May 8
This power-generation segment is
expected to contribute at least 18%
to our annual earnings forecasts.
The group operates a co-
coa-processing plant in Klang,
Selangor and mainly exports to
the US, European Union and Asia.
Driven by higher sales volume of
cocoa products coupled with bet-
ter cocoa product prices, the group
registered a sales growth of 7%
year-on-year (y-o-y) to RM136.9
million, while cocoa earnings
jumped threefold to RM31.6 mil-
lion, making up the bulk of group
earnings for FY18. We expect to
see another solid performance
this year.
We expect to see another dou-
ble-digit FFB production growth
this year, albeit at a slower rate
of 10-15%. Crude palm oil (CPO)
cost of production is also expect-
ed to inch up by 5% to about
RM1,700 per tonne on the back of
higher fertiliser cost (+8% y-o-y)
and an increased minimum wage
policy in Sabah (+19.5% y-o-y)
and Indonesia. — PublicInvest
Research, May 9
FRIDAY M AY 1 0 , 20 1 9 • T HE E DG E FINA NCIA L DA ILY
Dollar dictates China’s need for trade deal
The country’s exploding foreign debt means it has to keep hard currency coming in
BY CH R I S TOPHER B A L DI NG
D
o not be surprised
that China is send-
ing its trade nego-
tiators to Washing-
ton after all, having
threatened to call
off this week’s talks in response
to US President Donald Trump’s
tariff threats. There is one big, and
perhaps overlooked, reason why
Beijing must continue to pursue a
deal with the US: its critical need
for dollars.
Consider how conditions have
changed for China since officials
sought to hammer out an accord
a year ago. In May 2018, the econ-
omy was strong and Beijing saw
little reason to yield to the Trump
administration’s bellicose rhetoric.
Nominal gross domestic product
(GDP) grew more than 10% in the
first quarter (1Q) of 2018 and hit
9.8% in the second. One year on,
China’s economy is weaker and its
need for hard currency has become
more acute as external debt piles up.
An industrial policy for good jobs
BY DA N I RO DRI K
& CH AR L E S F SA B EL
IN developed and developing coun-
tries alike, a combination of tech-
nological and economic forces has
created a segment of advanced pro-
duction, concentrated in metropol-
itan areas, that now co-exists with a
mass of relatively less productive ac-
tivities and communities. This pro-
ductive dualism lies behind many
contemporary ills: rising inequality
and exclusion, loss of trust in gov-
erning elites, and growing electoral
support for authoritarian populists.
But much of the policy discussion
today focuses on solutions that miss
the true source of the problem.
For example, redistribution
through taxes and fiscal transfers
accepts the productive structure as
given, and merely ameliorates the
results through handouts. Likewise,
investments in education, univer-
sal basic income, and social wealth
funds seek to strengthen the work-
force’s endowments, without ensur-
ing that better endowments will be
put to productive use. Meanwhile,
job guarantees and Keynesian de-
mand management offer little in the
way of improving the mix of jobs.
To be sure, we need many of
these policies. But they will work
best — and in the long run perhaps
only — with a new set of “produc-
tivist” measures that intervene di-
rectly in the real economy, target-
ing the expansion of productive
employment.
The strategy we have in mind
would comprise three mutually re-
inforcing components: an increase
in the skill level and productivity of
existing jobs, by providing extension
Granted, the Chinese economy
as a whole is less dependent on the
external sector and the US than it
used to be — but it remains heavily
exposed to this one relationship. In
2018, exports were equal to 18.3% of
nominal GDP. Shipments to the US
amounted to 3.5% of GDP alone. By
comparison, US exports to China
represent only 0.6% of GDP.
Wednesday’s trade figures un-
derline that vulnerability. China’s
exports dropped 2.7% in April,
versus a forecast 3% increase, and
imports unexpectedly rose by 4%.
Shipments to the US slumped 13.1%
from a year earlier.
More important than the volume
of trade is the surplus it generates.
In 2018, China’s deficit with the US
was equal to 92% of its entire goods
trade surplus. As a matter of eco-
nomics, the bilateral trade deficit
has little importance — contrary
to what Trump often argues. But
to China, the ability to generate
hard international currency is vital.
China’s external debt stood at
US$1.96 trillion at the end of 2018
services to improve management
or cooperative programmes to ad-
vance technology; an increase in the
number of good jobs by support-
ing the expansion of existing, local
firms or attracting investment by
outsiders; and active labour market
policies or workforce-development
programmes to help workers, espe-
cially from at-risk groups, master the
skills required to obtain good jobs.
None of these three components
is novel, and elements of each can
be found in actual government pro-
grammes. But existing policies are
typically rooted in regulatory frame-
works that work poorly under condi-
tions of high uncertainty. What is a
good job? How many can be reason-
ably created? How do technological
and other firm-level choices influ-
ence job creation? Which comple-
mentary policy levers are available?
How can that set of instruments be
expanded?
These are necessarily local, con-
textual questions. They can be an-
swered, and periodically revised,
only through an iterative process of
strategic interaction between pub-
lic agencies and private firms. A
common theme that emerges from
studies of so-called place-based
policies, such as regionally targeted
employment subsidies and infra-
structure investment, is the heavily
contingent nature of success. Few
policies work off the shelf and reli-
ably across diverse settings.
Competitions among states and
localities to attract large employers
with tax and other subsidies work
especially badly. Recent high-profile
deals for Foxconn and Amazon, in
Wisconsin and New York respec-
tively, have blown up. In addition to
China needs more than US$100 billion annually to service foreign debtors.
and has probably crossed the psycho-
logically important threshold of US$2
trillion (RM8.3 trillion) since then.
The country now needs more than
US$100 billion annually to service
foreign debtors. The pressure to cover
offshore borrowing and investing in
hard currency is creating an increas-
ing shortage of dollars in Chinese
banks, which have been used for a
variety of political purposes.
The need to generate dollars is
being lopsided, they were predicated
on a stable environment, reflected
in fixed and detailed contractual
terms. When Foxconn faced chang-
es in demand and technology, and
Amazon confronted unexpected po-
litical fallout, there was insufficient
room for revision or renegotiation.
Governance regimes must fully
recognise the provisional, iterative
nature of any effective policy frame-
work. Fortunately, the principles on
which such regimes can be con-
structed do not need to be invent-
ed from scratch. They can be bor-
rowed from innovative governance
arrangements that firms, regulators,
and other public agencies have al-
ready developed in other spheres.
In a recent paper, we provide
detailed illustrations from two do-
mains: the nurturing of technologies
by the Defense Advanced Research
Projects Agency (Darpa) and its
offshoot, the Advanced Research
Projects Agency-Energy (Arpa-E) in
the US, and the environmental reg-
ulation of dairy farming in Ireland.
Under extreme uncertainty, none
of the parties — neither regulators
nor firms — have reliable information
about the possibilities and costs of
adjustment in the medium term, and
only vague conjectures regarding fu-
ture possibilities. The response — in
innovation promotion, environmen-
tal regulation, food safety, and civil
aviation among other areas — is the
creation of an information-exchange
regime that ties ongoing specification
of goals to continuing exploration of
new solutions.
In the European Union, for exam-
ple, the regulator establishes “good
water” as an ambitious, open-ended
outcome. The regulated entities and
BLOOMBERG
affecting Chinese policy in multiple
areas. Lending for Belt and Road
projects has been falling by sig-
nificant amounts as Beijing strug-
gles to find greenbacks to fund the
ambitious programme. At a more
mundane level, China is reducing
the amount of hard currency con-
sumers are allowed to withdraw.
China’s trade surplus with the US
expanded 10.5% (in yuan terms) in
the first four months from the same
affected parties — firms and farms,
member states, local governments,
civil society actors — are obligated
to make plans to achieve the goals
and to report results regularly. Penal-
ties are imposed for failure to report
honestly, or for persistent failure to
achieve feasible results (as demon-
strated by others in a similar posi-
tion). These methods are not self-po-
licing. Like all institutions, they can
be corrupted or degraded. But with
proper public oversight, they work
when conventional approaches fail.
Apart from a few notably suc-
cessful community college training
programmes, such governance ar-
rangements have not been deployed
in pursuit of good jobs. But they
can be adapted to that end. The
concept of a “good job,” like clean
water, is imprecise and needs to be
operationalised in a way that is both
evolving and context-dependent. A
good-jobs strategy could be intro-
duced in four steps.
First, by legislation or other
means, the government commits
to address the problem of bad jobs,
creates an inter-agency body to re-
view and prompt improvement of
regulatory responses, and provides
funds and authority for voluntary
programmes. Second, regulators
currently overseeing areas directly
affecting job abundance and quality
— vocational training, agricultur-
al and manufacturing extension,
standard setting, and the like — in-
troduce governance mechanisms
that not only induce innovation, but
also anticipate the need for support
services to help vulnerable actors
comply with increasingly demand-
ing requirements. The requirements
could take different forms, includ-
C O M M E N T 17
period in 2018 — but for all the wrong
reasons, as imports slumped by more
than exports. Additional Trump ad-
ministration tariffs would significant-
ly curtail the trade balance, putting
enormous strain on China to cope
with US dollar debts that need to be
rolled over within the next 18 months.
Large swathes of the Chinese
economy remain stagnant. Rapid
growth in new total social financing
and stalwart industries such as steel
and real estate have ensured the
headlines remain relatively upbeat.
But trade is falling and consumer
demand is weakening, with prod-
ucts from automobiles to applianc-
es struggling. Official nominal GDP
growth was 2.6 percentage points
lower in 1Q compared with a year
earlier; unofficial data show even
greater declines.
As long as Beijing refuses to
make the yuan a freely traded cur-
rency, it will need to generate dol-
lars. Beijing may not want to make
a deal with Trump under these
circumstances; it may have little
choice. — Bloomberg
ing specific employment quantity
targets and/or standards.
Third, where current regulatory
authority does not reach, the govern-
ment creates volunteer, public-pri-
vate programmes to advance the
frontiers of technology and organisa-
tion, or — perhaps more important
— provides support services and
possibly subsidies to help low-pro-
ductivity/low-skill firms move to the
advanced sector. Finally, conditional
on the success of voluntary arrange-
ments, the scope of these practices
would gradually be made obligatory
for non-participating firms, starting
with mandatory submission of cred-
ible plans for improving the quality
and quantity of jobs.
An attractive feature of the good-
jobs strategy we propose is that the
same institutions of interactive gov-
ernance that enable the parties to
specify and solve the problems they
face under uncertainty also enable
them to develop the trust and mu-
tual reliance they need to deepen
and broaden their efforts. The broad
coalition needed for the approach
to succeed need not already exist;
it can and will likely be the result of
pursuing the strategy. Trust and new
alliances are as much — or more —
the outcome of joint problem-solv-
ing as its preconditions. — Project
Syndicate
Dani Rodrik, professor of interna-
tional political economy at Har-
vard University’s John F Kennedy
School of Government, is the author
of Straight Talk on Trade: Ideas for
a Sane World Economy. Charles F
Sabel is professor of law at Colum-
bia University.
18 W O R L D B U S I N E S S
SoftBank reports profit surge
with US$3.8b gain on Uber
Its operating income in the three months to March 31 more than tripled from a year ago
Digital Colony, EQT to take
Zayo private for US$8.2b in cash
BY SU PA N THA MU K H ERJ EE
BENGALURU: US communi-
cations infrastructure provider
Zayo Group Holdings Inc said
on Wednesday it has agreed to
be taken private by investment
firms Digital Colony Partners LP
and EQT for about US$8.2 billion
(RM34.06 billion) in cash.
The deal value of US$35 per
share is at a premium of 14.3%
to Zayo’s closing price on Tues-
day. Shares of Zayo were up 8%
at US$33.13. The deal is valued at
more than US$14 billion, including
Zayo’s US$5.9 billion debt.
Reuters exclusively reported last
month about the potential deal.
Zayo operates a 209,214km fi-
bre network in the US and Europe
to connect data centres and serves
wireless and landline phone com-
panies. It stands to benefit from
rising demand for bandwidth in
their markets, driven by cloud
computing and streaming.
The company, which went pub-
Intel shares drop, three-year outlook
seen lagging rivals
BY ST E PH EN N EL L I S
SAN FRANCISCO: Intel Corp
shares declined 2.5% on Wednes-
day after executives forecast mod-
est profit growth over the next
three years, signalling it is likely
to lag big rivals as the once-dom-
inant chipmaker catches up in
technology.
Intel once dominated the most
important chip market with more
than a 90% share for the brains
of personal computers (PC). As
PC sales have stagnated, it has
expanded into data centre pro-
cessors, memory and network-
ing chips.
Son has been remaking
SoftBank Group from primarily a
telecommunications operator into a
technology investment firm, and his
US$100 billion Vision Fund has already
emerged as a major contributor to
earnings. Photo by Bloomberg
lic in 2014, has been under pres-
sure from activist hedge funds
like Starboard Value LP, which in
March urged Zayo to consider a
sale after taking a 4% stake in the
company.
Boulder, Colorado-based Zayo
said in November it would break
itself up into two companies. How-
ever, in February, the company
said it was not in its best interest
to pursue a public spin-off as part
of its strategic review.
The company had earlier re-
jected acquisition offers, including
from a private equity consortium
comprising Blackstone Group LP,
Stonepeak Infrastructure Partners
LP, KKR & Co Inc, I Squared Cap-
ital, Charlesbank Capital Partners
and GTCR Ltd.
“I am confident this partner-
ship with EQT and Digital Colony
will empower Zayo to accelerate
its growth and strengthen its in-
dustry leadership,” Zayo’s chief
executive officer Dan Caruso said
in a statement. — Reuters
That positions Intel as a small-
er player in a bigger market. The
company said on Wednesday it
expects to have just 28% market
share by 2023, or about US$85
billion in sales in a US$300 bil-
lion addressable market for the
chips it makes, according to the
company’s forecast.
Chief executive officer Bob
Swan said on Wednesday the com-
pany sees both revenue and earn-
ings per share growing in the “sin-
gle digit” percentage range over
the next three years, with flat PC
chip sales offset by “double-digit”
percentage revenue growth in data
centre chips. — Reuters
BY PAV E L ALP E Y E V
TOKYO: Just hours ahead of Uber
Technologies Inc’s market debut,
the ride-hailing company’s big-
gest shareholder, Masayoshi Son’s
SoftBank Group Corp, is already
reaping rewards, if only on paper.
SoftBank’s operating income
more than tripled to ¥494.9 bil-
lion (RM18.75 billion) in the three
months to March 31, helped by
a ¥418 billion (US$$3.8 billion/
RM15.77 billion) valuation gain
from its stake in the ride-hailing
giant, the Tokyo-based company
reported yesterday. Uber is going
Ride-share drivers strike
as Uber poised to go public
BY ALI BE K HTAO U I
NEW YORK: Thousands of Uber and
Lyft drivers turned off their apps
in a US-wide strike on Wednesday
over pay and working conditions,
casting a shadow over this week’s
keenly anticipated Wall Street debut
of ride-hailing leader Uber.
Uber is expected to launch its
initial public offering (IPO) today
giving it an estimated valuation
of some US$80 billion (RM3325
billion), one of the biggest tech
listings in recent years but rath-
er lower than its earlier hopes of
around US$100 billion.
The launch will be a major mile-
stone for the company, which has
raised billions and disrupted the
taxi industry in cities around the
world. It will also come in the rear-
view mirror of a troubled market
debut for Uber’s largest US rival
Lyft, which has lost more than 15%
of its value since its March IPO.
Strikes that took place on
Wednesday highlighted a dilem-
ma for ride-share firms, which have
faced challenges from regulators
and traditional taxi operators for
using a business model relying on
Viva extends HK biotech fever in city’s hottest 2019 IPO
BY FOX HU
HONG KONG: Viva Biotech Hold-
ings bucked a decline across Asia
on its trading debut following Hong
Kong’s most popular initial public
offering (IPO) this year.
The Shanghai-based company
lured retail investors with orders for
about 107 times the shares initially
available to them, the highest ratio
among 2019 offerings above US$100
million (RM415 million) in the city,
FR I DAY M AY 1 0 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
public this week in an offering that
may give the company a market
value of about US$79 billion; the
stock begins trading today.
SoftBank announced a two-
for-one stock split along with the
strong earnings, while it keeps the
same dividend payout per share.
That will effectively double the an-
nual dividend year-on-year.
Son has been remaking Soft-
Bank Group from primarily a tel-
ecommunications operator into a
technology investment firm, and
his US$100 billion Vision Fund
has already emerged as a major
contributor to earnings. SoftBank
Protestors marching through the financial district, demanding fair wages and more
transparency during a strike against Uber in San Francisco, California, in the US on
Wednesday. Photo by Reuters
independent contractors.
One group protested outside the
New York Stock Exchange, where
Uber is set to list shares, with some
signs reading “Invest in our lives
— Not their stocks.”
Similar actions took place in
Boston, Chicago, Los Angeles,
San Diego, Washington and in
data compiled by Bloomberg show.
The institutional tranche of the IPO
was “significantly oversubscribed”,
Viva said in a filing, without pro-
viding more details.
Viva Biotech raised US$194
million selling shares at HK$4.41
(RM2.33) apiece, the top end of a
marketed range. The sale was com-
pleted last week before an escala-
tion of China-US trade tensions
that tanked global equities market.
Shares of Viva Biotech rose 2.3% to
holds stakes in all of the world’s
biggest ride-hailing companies
and a successful initial public of-
fering for Uber could signal more
pay-offs down the road. Son’s in-
vestors may also reap a windfall
from the planned listing of Slack
Technologies Inc later this year.
“The Vision Fund is now the key
growth driver for SoftBank and all
the attention is on the profits in that
segment,” Tomoaki Kawasaki, an
analyst at Iwai Cosmo Securities Co,
said ahead of the earnings report.
“There is a growing expectation in the
market that profit gains will continue
into this fiscal year.” — Bloomberg
Uber’s home town, San Francis-
co. Protests were held in Britain as
well with drivers in London, Bir-
mingham, Nottingham and Glas-
gow called on to log off apps and
demonstrate outside Uber offic-
es, according to the Independent
Workers’ Union of Great Britain.
— AFP
HK$4.51 as of 11.04am in Hong Kong,
outperforming the 1.7% drop in the
benchmark Hang Seng Index. The
stock climbed as much as 5.9% earlier.
Another biotech firm CanSino
Biologics Inc attracted orders for
91 times its initial retail tranche in
March, making it Hong Kong’s sec-
ond hottest IPO of above US$100
million this year. The vaccine devel-
oper surged 58% on its debut and
has gained more than 68% since
the offering. — Bloomberg
FRIDAY M AY 1 0 , 20 1 9 • T HE E DG E FINA NCIA L DA ILY
Foreigners sell
Chinese
stocks before
tariff deadline
BY A M A N DA WA N G & A MY LI
SHANGHAI: Foreign inves-
tors in Chinese equities are
not hanging around to see how
the latest round of trade talks
plays out.
They have net sold an aver-
age 3.8 billion yuan (RM2.32
billion) of mainland shares
a day through trading links
with Hong Kong this week,
according to data compiled
by Bloomberg, on track for the
heaviest week of selling since
the Shenzhen connect opened
in late 2016.
Trade concerns are weigh-
ing on the markets again, with
the US poised to raise tariffs on
US$200 billion (RM830 billion)
of Chinese goods to 25% from
10% today. China, which has
sent a delegation to Washing-
ton for more talks, warned it
would retaliate.
“Offshore investors chose to
lock in profits given the great
uncertainty in Sino-US rela-
tions. The bigger declines on
the SSE 50 index might be a
result of consistent foreign out-
flows,” said Li Bin, a Shang-
hai-based fund manager at
Capital Corise Asset Manage-
ment Co. — Bloomberg
Megvii raises
US$750m
ahead of
planned HK IPO
BY JU L I E ZHU & K A N E WU
HONG KONG: Chinese ar-
tificial intelligence provid-
er, Megvii Technology, com-
monly known as Face++, said
on Wednesday it has raised
US$750 million (RM3.11 bil-
lion) in its latest funding round.
The funding raises start-up
Megvii’s valuation to slightly
over US$4 billion as it prepares
for an initial public offering
(IPO) here later this year, said
two sources with knowledge
of the matter.
Bank of China Group In-
vestment (BOCGI), the state
bank’s private equity arm, led
the fund-raising with US$200
million, they said. BOCGI de-
clined to comment on the
fund-raising.
Macquarie Group, ICBC As-
set Management (Global) and a
wholly-owned subsidiary of the
Abu Dhabi Investment Author-
ity, one of the world’s biggest
sovereign wealth funds, also
joined the new round, Megvii
said in a statement.
Existing investor Alibaba
Group also participated in this
round, said one of the sources.
Alibaba declined to comment.
— Reuters
Asian stocks tank on nearing
tariff threat, drag down Europe
Investors await for the outcome of the US-China trade talks
BY TOM O UETAKE & NOAH S I N
SYDNEY/HONG KONG: Asian
shares fell to eight-week lows yes-
terday as investors waited to see
whether Chinese and US trade
negotiators can salvage a deal to
stave off the threat of fresh US tar-
iff increases, which would damage
global economic growth.
Chinese Vice Premier Liu He
is in Washington for a two-day
talks with US officials who have
complained that Beijing has back-
tracked on earlier commitments.
An agreement could avert a
sharp increase in US tariffs on Chi-
nese goods that President Donald
A Baidu sign seen on a glass at its booth during the Digital China exhibition in
Fuzhou, Fujian province. Photo by Reuters
China tech firms’ search
for growth seen boosting
costs in March quarter
BY GAUR AV DOGR A
& PATTURA JA MURUGABOOPATHY
BENGALURU: Three of China’s big-
gest tech companies are expected
to report that they ramped up or
broadly maintained their pace of
quarterly spending to develop new
technology and push into relative-
ly new markets, as current growth
drivers stall.
Used to rapid growth rates until
recently, the Chinese tech giants,
including Tencent and Baidu, are
seeking new revenue streams. But
that has not come cheap as they
shell out more to hire the best in a
competitive job market.
Social media and gaming com-
pany Tencent, search engine pro-
vider Baidu and e-commerce firm
JD.com are expected to report an
average 42% jump in operating ex-
penses in the March quarter com-
pared with a year earlier, against a
19% rise in revenue, according to
Trump has threatened to impose
today. China has threatened to re-
taliate, raising the risk of a major
escalation in the bruising trade war
between the world’s two largest
economies.
European stocks are set to open
lower, with pan-region Euro Stoxx
50 futures down 0.5% and German
DAX futures down 0.4%, and FTSE
futures 0.3% lower in early trade.
In Asia, MSCI’s broadest index
of Asia-Pacific shares outside Japan
dropped over 1% to its lowest level
since March 11.
The stocks extended earlier loss-
es in Asian trade after Trump told
a rally of supporters that China
analysts estimates from Refinitiv.
The exception — for the latest
quarter at least — is Alibaba, Chi-
na’s largest listed company, which is
expected to cut operating expenses
for the first time in its history.
“Competition is more intense
and customer acquisition costs
are increasing. High quality us-
ers are more expensive to acquire
than before, and newer users tend
to spend less initially,” said Jerry
Liu, who heads the China Internet
research team at UBS.
Tencent, for instance, is look-
ing for new sources of revenue in
its nascent cloud services as it at-
tempts to diversify from its core
Chinese gaming business.
The US counterparts are spend-
ing as well, but at a calmer pace. The
big five — Apple, Facebook, Alpha-
bet, Amazon and Microsoft — re-
ported a 13% rise in operating costs
on average in the March quarter as
revenue rose nearly 10%. — Reuters
W O R L D B U S I N E S S 19
had “broke the deal” and would
be paying for it.
The Chinese market tumbled
and hovered close to its 2½-month
lows. Shanghai shares slid 0.8%, the
blue-chip CSI 300 dropped 1%, and
Hong Kong’s Hang Seng lost 1.7%.
Japan’s Nikkei average shed 0.9%
to a five-week low, South Korea’s
Kospi fell over 2% while the Aus-
tralian benchmark added 0.5%.
The yield spread between three-
month bills and the 10-year notes
shrank to three basis points (bps),
compared with about 15bps a few
weeks ago.
Wall Street shares ended a chop-
py session flat to lower overnight,
China consumer and
producer inflation rise
BEIJING: Factory and consum-
er inflation in China picked up
in April, a positive sign for the
world’s No 2 economy, though
analysts warned real demand
remained subdued.
Beijing has struggled to get
prices to rise in recent months,
with both measures staying stub-
bornly low as global growth cools,
leading to weak demand and a
trade war with the US festers.
Data released yesterday
showed the consumer price in-
dex (CPI) — a key measure of
retail inflation — rose 2.5% on-
year last month, up from 2.3%
in March.
The gain came on the back
of soaring pork prices — rising
14.4% on-year — owing to an
outbreak of African swine flu in
China that has led to the culling
of a million pigs.
The prices of other fresh
meats, fruit and vegetables also
increased.
“We believe the rapid spread
A Chinese consumer selects food in a supermarket in Beijing. The prices of other
fresh meat, fruit and vegetables have increased. Photo by EPA
with the Dow Jones Industrial Aver-
age rising marginally, the S&P 500
and the Nasdaq Composite drop-
ping 0.2% and 0.3%, respectively.
In the currency market, the ster-
ling weakened on signs that Brexit
talks between Britain’s government
and the main opposition party may
soon collapse. The pound fell below
the psychologically key US$1.30
(RM5.39) level, touching a six-day
low overnight, and last traded at
US$1.3019.
In the commodity market, oil
prices dropped yesterday amid con-
cerns over the escalating Sino-US
trade battle, despite a surprise fall
in US crude stockpiles. — Reuters
of African Swine Fever since Au-
gust 2018 could help push up
pork prices by another 40% over
the next six months.
“ The rise of CPI inflation is be-
ing driven by a surge in pork pric-
es as a result of a supply shock,”
said Lu Ting of Nomura bank in
a research note.
The producer price index — an
important barometer of domestic
demand — climbed 0.9%, from
0.4% in March.
The CPI reading was in line
with forecasts in a Bloomberg
survey while the PPI reading
came in above the forecast 0.6%.
Still economists remain scep-
tical about China’s outlook.
“Both official measures of
inflation picked up last month
but this shouldn’t be interpret-
ed as evidence of stronger do-
mestic demand,” said Julian
Evans-Pritchard of Capital Eco-
nomics, noting key drivers of the
upswing included higher pork,
iron and oil prices. — AFP
20 W O R L D B U S I N E S S
Disney profit up as Fox
joins the fold
Entertainment titan's net income was up on revenue that rose 3%
SAN FRANCISCO: Disney on
Wednesday reported that its profit
soared in the recently ended quarter
as it merged with 21st Century Fox.
The entertainment titan said its
net income was up 85% to US$5.4
billion (RM22.41 billion) during the
first three months of this year on rev-
enue that rose 3% to US$14.9 billion.
The leap came despite a hit Cap-
tain Marvel film not matching the
dizzying success of a Black Panther
superhero movie release in the same
period last year.
Disney’s coffers in the current
quarter will benefit from Marvel su-
perhero megahit Avengers: Endgame,
which has shattered movie box of-
fice records.
“We’re very pleased with our 2Q
(second quarter) results and thrilled
GM unveils
US$700m Ohio
investment
plans
BY H E ATHER SCOTT
WASHINGTON: G eneral
Motors (GM) on Wednesday
announced plans to invest
US$700 million (RM2.91 bil-
lion) in Ohio and to sell a shut-
tered plant to a company that
makes electric trucks, drawing
cheers from US President Don-
ald Trump who has assailed
the US automaker for cutting
American jobs.
“GREAT NEWS FOR OHIO!”
Trump tweeted, revealing the
details ahead of the company’s
official announcement.
Shortly after Trump’s tweet,
GM confirmed it is in discus-
sions with Workhorse, a Cin-
cinnati-based company that
focuses on producing elec-
tric delivery vehicles, to sell
its plant in Lordstown, Ohio.
The factory employed about
1,400 workers prior to ceasing
production in March.
Chief executive officer Mary
Barra said in a statement GM
will “remain committed to
growing manufacturing jobs
in the US, including in Ohio,
and we see this development
as a potential win-win for
everyone.”
Last November, GM shut-
tered five US plants, including
auto assembly plants in Mich-
igan and Ohio, as part of a 15%
cut in its workforce worldwide
— affecting around 14,000 em-
ployees — a move that drew
Trump’s wrath. — AFP
with the record-breaking success of
Avengers: Endgame”, said Walt Dis-
ney Company chief executive officer
Robert Iger. Disney’s fiscal year be-
gins in October.
Disney and Marvel’s Avengers:
Endgame has stormed into historic
territory, earning US$2.19 billion
worldwide in less than two weeks
to become the No 2 film of all time,
according to industry watcher Ex-
hibitor Relations.
That exalted number pushes the
superhero blockbuster past Star
Wars: The Force Awakens, which
netted US$2.07 billion, and even
Titanic (US$2.18 billion).
Only Avatar (US$2.79 billion) has
done better, yet Avengers hit its re-
cord total in just 11 days.
Disney also saw a rise in revenue
Novartis to buy Takeda eye drug assets
BY M ANUEL BAIGORRI
& JAMES PATO N
HONG KONG/LONDON: Novar-
tis AG agreed to pay US$3.4 billion
(RM14.11 billion) for eye-disease
assets that Takeda Pharmaceutical
Co is selling after its US$62 billion ac-
quisition of Shire plc earlier this year.
The main product in the deal is
Xiidra, a prescription eye drop for
adults with dry-eye disease. Along
with US$3.4 billion in cash upfront,
‘US trade dispute a headwind but manufacturing sees growth’
WASHINGTON: US trade disputes
and the prospect of even more
tariffs on China is a “big head-
wind” to American manufactur-
ing but the sector still expects
solid growth this year, according
to an industry survey released on
Wednesday.
The world’s two leading econ-
omies face a possible make-or-
break moment when top negotia-
tors meet in Washington this week
following months of fraught talks
under the shadow of US plans to
impose steeper tariffs on China.
While manufacturing growth
projections have fallen since De-
cember, firms expect revenues to
increase by 4% this year, which
is “still very strong growth”, ac-
cording to Timothy Fiore of the
Institute for Supply Management
(ISM).
A semi-annual ISM survey on
manufacturing shows compa-
nies “more and more are passing
price increases on to customers
because of tariffs”, Fiore told re-
porters, pointing to some “really
alarming” signals on trade that
from its amusement parks, with a
new Star Wars attraction opening
soon at Disneyland Anaheim ex-
pected to provide a boost through
the year.
Disney shares were up less than
1% to US$136.20 in after-market
Novartis said in a press release that
it will pay as much as US$1.9 billion
in milestone payments.
Xiidra had about US$400 mil-
lion in sales last year, Novartis said.
It expects the deal to close in the
second half of the year and plans
to bring over about 400 employees.
The drug could generate peak sales
of as much as US$1.4 billion, ac-
cording to Elizabeth Krutoholow,
a Bloomberg Intelligence analyst.
Bloomberg reported the poten-
Filepic of US Secretary of Treasury Steven Mnuchin (third from left) and other US
officials participating in the US-China trade talks with Chinese Vice Premier Liu He
(right) and other Chinese officials at the Eisenhower Executive Office Building in
February in Washington, DC. Photo by AFP
had showed up in ISM's earlier
monthly reports.
But, having adapted to existing
tariffs, the sector is now steeling
itself for an even bigger hit, after
FR I DAY M AY 1 0 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
Filepic of The
Walt Disney
Company logo
and a ticker
symbol on the
floor of the
New York Stock
Exchange in New
York, US. Photo
by Reuters
trades that followed release of the
earnings figures.
The jump in Disney profit in the
quarter was largely due to an in-
creased stake in video streaming
platform Hulu that resulted from
its acquisition of Fox assets. — AFP
tial sale earlier on Wednesday.
The transaction is the first ma-
jor deal for Takeda since chief ex-
ecutive officer Christophe Weber
said in January that the Japanese
company plans to move quickly
on disposals to reduce debt after
its takeover of Shire.
Novartis has just spun off its Alcon
contact lens and surgical products
unit but previously transferred eye
drugs from the unit to the main phar-
ma business in 2016. — Bloomberg
Trump announced plans to more
than double existing tariffs on
US$200 billion (RM830 billion)
in Chinese goods to 25% starting
today. — AFP
IN BRIEF
Metro in exclusive talks
to sell Real hypermarkets
DUSSELDORF/FRANKFURT:
Metro is in exclusive talks to
sell its Real hypermarkets to a
consortium led by real estate
investor Redos, the German
retailer said on Wednesday,
adding it was taking a €385 mil-
lion (RM1.78 billion) impair-
ment charge on the loss-mak-
ing chain. The announcement
by Metro, the evening before
it reports second-quarter re-
sults, confirms an earlier report
by Reuters that helped Metro’s
shares close up 1.7%. Once a
sprawling retail conglomerate,
Metro has been restructuring in
recent years to focus on its core
cash-and-carry business, selling
Kaufhof department stores and
then splitting from consumer
electronics group Ceconomy.
— Reuters
Carrefour said to weigh
options for China
HONG KONG/LONDON: Car-
refour SA is weighing options
including a sale of its Chinese
business, mirroring other in-
ternational consumer firms that
have decided to exit the country
in recent years, people familiar
with the matter said. The French
retail giant is working with an
adviser and has begun reach-
ing out to potential suitors, the
people said, asking not to be
identified because the delib-
erations are private. Carrefour
could seek about US$1 billion
(RM4.15 billion) for the Chinese
business, though it may also opt
to divest just a stake or decide
against a sale, the people said.
No final decisions have been
made, they said. — Bloomberg
Garuda defends 2018
result amid scrutiny
JAKARTA: PT Garuda Indonesia
defended the validity of its 2018
finances after a regulator raised
questions about how the nation-
al carrier accounted for certain
transactions, including with a
start-up technology company.
The airline booked revenue of
US$211.9 million (RM879.38
million) from PT Mahata Aero
Teknologi in exchange for the
rights to provide inflight en-
tertainment and internet con-
nectivity on Garuda’s flights, its
annual report showed. The con-
tribution helped Garuda to re-
port a net income of US$809,846
last year compared with a loss
in 2017. — Bloomberg
StanChart hit by investor
protest over CEO pay
LONDON: Standard Chartered
(StanChart) has become the lat-
est British firm to attract investor
criticism of executive pensions,
although shareholders stopped
short of blocking the lender’s
pay plans outright in a vote on
Wednesday. Some 36% of votes
cast at StanChart’s annual share-
holder meeting in London were
against its 2019 directors’ remu-
neration report, which set out
plans to increase chief execu-
tive officer (CEO) Bill Winters’s
pension allowance among other
measures. — Reuters
FRIDAY M AY 1 0 , 20 1 9 • T HE E DG E FINA NCIA L DA ILY
Singapore passes ‘fake news’ law
This is despite fierce criticism from tech giants and rights groups
BY M ART I N AB B U GAO
SINGAPORE: Singapore’s parliament
on Wednesday passed laws to combat
“fake news” that will allow author-
ities to order the removal of online
content despite fierce criticism from
tech giants and rights groups.
They give government minis-
ters powers to order social media
sites like Facebook and Twitter to
put warnings next to posts author-
ities deem to be false, and in ex-
Huawei CFO to seek extradition
stay, citing Trump comments
BY EVA N DU GGA N
& K A R E N F REI FEL D
VANCOUVER/NEW YORK: Hua-
wei chief financial officer (CFO)
intends to seek a stay of extradi-
tion proceedings in part based
on statements by US President
Donald Trump about the case,
which her lawyers say disqual-
ifies the US from pursuing the
matter in Canada.
CFO Meng Wanzhou, 47, the
daughter of Huawei Technologies
Co Ltd founder, Ren Zhengfei,
was arrested at Vancouver’s air-
port in December on a US war-
rant and is fighting extradition
on charges that she conspired to
defraud global banks about Hua-
wei’s relationship with a compa-
ny operating in Iran.
After the arrest, Trump told
Reuters he would intervene in
the US case against Meng if it
would help close a trade deal
with China.
Meng’s defence lawyers said
in a document presented to the
British Columbia Supreme Court
on Wednesday that they intend
to apply for the stay of the extra-
dition proceedings based
on abuses that go beyond
Trump’s comments.
The lawyers also claim
Meng was unlawful-
ly detained, searched
and interrogated at
the airport, with her
arrest delayed under
the guise of a routine
immigration check.
In addition,
Meng’s counsel ar-
gued there is no ev-
Meng seen leaving
her family home in
Vancouver, British
Columbia, Canada on
Wednesday. Meng’s
counsel argued
there is no evidence
she misrepresented
to a bank Huawei’s
relationship with a
company operating
in Iran called Skycom.
Photo by Reuters
treme cases get them taken down.
If an action is judged to be mali-
cious and damaging to Singapore’s
interests, companies could be hit with
fines of up to S$1 million (RM3.05
million).
Individuals could face jail terms
of up to 10 years.
Authorities in Singapore insist
the measures are necessary to stop
the circulation of falsehoods which
could sow divisions in society and
erode trust in institutions.
idence she misrepresented to a
bank Huawei’s relationship with a
company operating in Iran called
Skycom, thereby putting the bank
at risk of violating US sanctions
law, or that the bank relied on
her statements to its detriment.
The lawyers claim the bank
understood the relationship be-
tween Huawei and Skycom.
A spokesman for HSBC, which
has been identified as the bank,
declined to comment.
Huawei has previously said
Skycom was a local business part-
ner in Iran. The US maintains
it was an unofficial subsidiary
used to conceal Huawei’s Iran
business.
Meng defence lawyer Scott
Fenton told the court that during
Meng’s three-hour detention at the
airport in December, Meng’s rights
“were placed in total suspension.”
The lawyers also argue Meng
cannot be extradited because
the conduct at issue would not
be criminal in Canada.
The bank and wire fraud
charges do not meet that criteria
because Meng is accused of mis-
representing HSBC to engage
in transactions that vio-
late US sanctions laws,
the lawyers said. They
also note that, under
2019 Canadian sanc-
tion law, there would
be no risk of fines
or forfeiture for
any bank in
Canada. —
Reuters
But the laws have sparked out-
rage from rights groups, who fear
they could stifle online discussion,
tech companies with major bases
in the financial hub and journalists’
organisations.
The legislation “gives the Singa-
pore authorities unchecked powers
to clamp down on online views of
which it disapproves,” said Nicho-
las Bequelin, Amnesty Internation-
al’s regional director for East and
Southeast Asia.
Filepic of Liu (left) with Trump in the Oval Office at the White House, Washington DC, the
US on April 4. Asian stocks slumped with US equity futures yesterday. Photo by Reuters
Trump says China
‘broke’ trade deal
BY ALY Z A S E BE NI U S , J E NNY
LEO NARD & M I AO HAN
WASHINGTON: US President Donald
Trump declared that China’s leaders
“broke the deal” he was negotiating
with them on trade, ratcheting up
his rhetoric ahead of fresh negotia-
tions already clouded by imminent
tariff increases and Beijing’s threats
of retaliation.
At a campaign rally on Wednesday
night in Panama City Beach, Florida,
the president noted that top Chinese
trade negotiator Liu He was travelling
to Washington for further talks. “Good
man,” Trump said, “but they broke
the deal,” leading him to raise tariffs.
Asian stocks slumped with US eq-
uity futures yesterday while the yuan
dropped to its weakest since January.
Some analysts believe a collapse in
talks could trigger a major sell-off in
risk assets.
Trump and his trade team dis-
cussed the next steps in the dispute
and who should meet with Liu while
he’s in Washington in a heated debate
at the White House on Tuesday, peo-
ple familiar with the internal delib-
erations said. The meeting became
contentious when Treasury Secretary
Steven Mnuchin made his case for
putting trust in Liu that China would
come back with a satisfactory offer to
close the deal.
The measures were debated for
two days in parliament before being
passed late on Wednesday.
The city-state’s small opposition
Workers’ Party opposed the measures.
“To introduce such a bill is not
what the government, which claims
to defend democracy and public
interest, should do,” said one of the
party’s MPs, Low Thia Khiang.
The financial hub of is among
several countries which have passed
laws against fake news. — AFP
Asian stocks slumped
with US equity futures
yesterday. Some
analysts believe a
collapse in talks could
trigger a major sell-off
in risk assets.
The president and his advisers
concluded that he should only meet
with Liu if the two sides make pro-
gress in the talks and that the decision
would be made on short notice, the
people said. Liu got an Oval Office
sit-down with Trump every time he
travelled to the US for trade talks in
recent months.
Meanwhile, US Trade Representa-
tive Robert Lighthizer has been calling
members of Congress telling them to
brace for no deal and to confirm that
the tariff increase is firm, one person
briefed on the deliberations said.
The US has said it would raise
tariffs on US$200 billion of Chinese
goods to 25% from 10% today after
alleging China reneged on provisions
of a draft trade deal the White House
considered settled. The Chinese gov-
ernment has said it will retaliate with
“necessary countermeasures” if the
US raises tariffs. — Bloomberg
W O R L D 21
IN BRIEF
Chinese court holds off
ruling on Canadian’s
death penalty appeal
BEIJING: A Chinese court ad-
journed a hearing on a Ca-
nadian man’s appeal against
his death sentence for drug
smuggling without a decision
yesterday in a case that has
deepened a diplomatic spat
between Beijing and Ottawa.
Robert Lloyd Schellenberg, 36,
was sentenced to death in Jan-
uary after a court deemed his
previous 15-year prison sen-
tence too lenient. His appeal
hearing came a day after a top
executive of Chinese telecom
giant Huawei, Meng Wanzhou,
appeared in court in Canada to
fight a US extradition bid that
triggered the diplomatic storm.
The Liaoning High People’s
Court in northeast China said
in a statement that “all proce-
dural rights of appellant Schel-
lenberg were guaranteed in ac-
cordance with the law”. — AFP
Official Thai poll results
point to pro-military govt
BANGKOK: Thailand released
official results from March’s
disputed election that boost
a pro-military party’s push to
form a governing coalition. The
Election Commission allocat-
ed so-called party-list seats on
Wednesday, a day after certify-
ing 349 members of parliament
who won in their constituen-
cies. Party-list seats account for
30% of the lower house and are
assigned using proportional
representation. The latest re-
sults increase the seat count
of Palang Pracharath, the party
carved out of Thailand’s junta,
and bring many small parties
into parliament that are ex-
pected to back it. At the same
time, the figures signal a ri-
val anti-junta coalition lost its
claimed lower-house majority.
— Bloomberg
HK’s democratic forces vow
action on extradition law
HONG KONG: Hong Kong’s
pro-democracy forces pledged
to step up their effort to block
the government’s plan to al-
low extraditions to mainland
China. The opposition coali-
tion, known as the pan-dem-
ocrats, will lend their backing
to today’s protest outside the
offices of the city’s legislative
council, before hearings tomor-
row on the plan, Claudia Mo, a
pan-democratic lawmaker said
at a press conference yesterday.
The proposal would also ease
extraditions to Taiwan and Ma-
cau. — Bloomberg
Guaido’s deputy arrested
in Venezuela
CARACAS: Venezuelan in-
telligence agents arrested on
Wednesday a senior leader
of the opposition-dominat-
ed National Assembly, in the
latest action against lawmak-
ers who joined a failed upris-
ing against President Nicolas
Maduro last month. Edgar
Zambrano is deputy to Na-
tional Assembly speaker Juan
Guaido. — AFP
22
live it!
FR I DAY M AY 1 0 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

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

WEEKEND
by numbers
10.05.19 to 12.05.19
Your quick guide to rest and relaxation. By Shalini Yeap

1 pre-loved
market
to visit
Love a good bargain? Look no further than Preloved is
Reloved happening all this weekend at APW Bangsar. The
2 performances to catch
seventh instalment of the secondhand market returns af-
ter a six month hiatus featuring vendors selling pre-loved
items namely clothes, jewellery, homeware and art. Head
over to APW Bangsar, 29 Jalan Riong, Kuala Lumpur to-
morrow and on Sunday between 10am and 6pm to check
out its 60 vendors occupying three event spaces — The
Bookmark, The Bindery and The Canopy. Visit www.face-
book.com/pg/apwbangsar for more information.
Traditional sape player and vocalist Alena
Murang graces BoboKL’s stage for the first
time today, followed by a second show
tomorrow at 9.30pm. A mesmerising and
evocative performer, she is one of the first
and few female sape players, and is grow-
ing in the global World Music Scene, trav-
elling all over the US, Europe and Asia.
Tickets are priced at RM80 or RM65 (for
Bobo diners). Visit www.bobokl.com for
ticket, bookings and more.

1 dance
workshop Kuchipudi is one of the 11 major classical
dances of India, and originates from the
Dance practitioners can sign up for the Tea Philo Dance state of Andhra Pradesh. A dance-drama
Workshop, FreeSteps: Choices of Physical Bodies. Taking performance, with its roots in the ancient
place between 5pm and 7pm this Sunday at Purple Cane Hindu Sanskrit text of Natya Shastra, Ku-
Tea Square in Kuala Lumpur Level 1 of Shaw Parade, it will chipudi shows are hard to come by in Kua-
feature Su, Wei-Chia, general director cum choreographer la Lumpur, where Bharata Natyam is more
of Horse Dance Theatre of Taiwan as guest speaker. Shaw commonly performed. In a one-night show
Parade is located at 152 Changkat Thambi Dollah, Pudu, this Saturday, Narayana — a tribute to ku-
Kuala Lumpur. Visit www.facebook.com/teaphilomy for chipudi masters; the late Padmabhushan
more information and details on how to register. Dr Vempati Chinna Satyam and Kalaratna
Vempati Ravi Shankar — features works by
noted composers like Swathi Thirunal, Bhar-
athiyar and Oothukadu Venkata Subbaiyar,
and will allow you to be immersed in the
graceful beauty of this 10th century dance
form. Happening at 7pm tomorrow at the
Shantanand Auditorium, Temple of Fine
Arts, 116 Jalan Berhala, Brickfields, Kuala
Lumpur. Tickets are RM100 to RM30, call
(03) 22725709 to book.
 live it! 23
FRIDAY M AY 1 0 , 20 1 9 • T HE E DG E FINA NCIA L DA ILY

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

3 Mother’s One World Hotel Petaling Jaya’s Zuan Yuan Chinese

Restaurant executive chef Tommy Choong Chan
Hoo has prepared three special seven-course set

Day dining
menus to celebrate the supermoms in our lives.
The options include oven baked tiger prawn with

ideas
cheese and garlic butter sauce, double boiled
chicken soup with Japanese black garlic and ab-
alone, as well as wok fried mixed mushrooms
with Australian asparagus and truffle oil. The set
menus are available for both lunch and dinner
until this weekend and priced at RM138 nett (Set
A), RM188 nett (Set B) and RM218 nett (Set C)
per person for a minimum order of two persons.
The restaurant is located at the lobby level of One
World Hotel Petaling Jaya, 1 Lebuh Bandar Utama,
Bandar Utama, Petaling Jaya. For enquiries and
to make reservations, call (03) 7681 1159 or email
zuanyuan@oneworldhotel.com.my.

Banyan Tree Kuala Lumpur is offering a Mother’s Day

Communal Galore promotion at Horizon Grill. Offering Nobu Kuala Lumpur presents its seven-course Mother’s
both indoor and al fresco dining atop a roof terrace on Day Omakase created by executive chef Philip Leong
the hotel’s 58th floor, the culinary experience is made and his culinary team. Wow your mom with the array
up of a flavourful four-course classic French menu and of exquisite dishes such as the tantalising seared bo-
Voga Italia Prosecco wine to complement. Available nito tataki with coriander dressing, refreshing fluke
only for dinner (6.30pm to 10.30pm) on Sunday, the sashimi with braised dashi zucchini and spicy lemon
food menu is priced at RM598 nett for a group of two dressing, and succulent wagyu short rib quinoa don-
to three pax and RM888 for wine pairing. Those who buri and wagyu foie gras gyoza before ending with a
enjoy non-alcoholic beverages may opt for a free flow decadent walnut almond financier and kuromitsu ice
of Honey Strawberry Coolers at RM45. Banyan Tree cream. Available until Sunday for dinner, it is priced
Kuala Lumpur is located at 2 Jalan Conlay, Kuala Lum- at RM500. Call (03) 2164 5084 for more details or to
pur. For reservations and more call (03) 2113 1821 or make reservations.
email horizongrill-kl@banyantree.com.

3options
last minute gift
for mom
Treat your mum to a pampering facial session at Ham-
mam this weekend. The options include a 75-minute
Maroc Maroc Revitalising Facial priced at RM178. The
session begins with a delicate milk cleanser scented
with orange blossom before a thorough exfoliation
with argan grains. This is followed by purifying with
a soothing rose and lemon white clay masque and
hydrating with a rich argan emulsion. Hammam
outlets are located at Level 4G, Publika Shopping
Gallery, Mont Kiara, Kuala Lumpur and 3F7 and 3F8,
Bangsar Village 2, Bangsar Kuala Lumpur. Visit www.
hammamspas.com for more details.

When words fail to express your appreciation for the

special woman in your life, let Soleluna jewellery from Say “I love you” with gourmet chocolate delights from
DeGem do the talking for you. Visit DeGem’s e-com- Harriston Chocolatier this Mother’s Day. Be spoilt for
merce store at www.degemdiamond.com/estore to en- choice by their selection of handcrafted pralines, choco-
joy discounted prices till May 12, in conjunction with late bars, panned chocolates at their newly opened store
Mother’s Day. One of the pieces on promotion is the at The LINC KL, 360 Jalan Tun Razak, Kuala Lumpur.
Astra Lucent Lace (pic) diamond necklace inspired by Harriston Chocolatier’s delectable pralines start from
the boundless beauty of the universe and stars. Crafted RM8 and goes up to RM30 for a 67g bar of single origin
in 10-carat white gold, it is set with 26 pieces of round chocolate. For more information, please logon on www.
brilliant diamonds and is currently priced at RM1,275. instagram.com/harristonchocolatier.
2 4 S P O RT S FR I DAY M AY 1 0 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

Lucas breaks Ajax hearts IN BRIEF

Blatter plans to sue Fifa

Spurs hailed ‘super-heroes’ after reaching Champions League final for first time ever
BY A N DY SCOTT
AMSTERDAM: An emotional Mauri-
cio Pochettino called his Tottenham
Hotspur players “super-heroes” after
they reached the Champions League
final for the first time in their history
as a Lucas Moura hattrick saw them
come back from the dead to beat Ajax
on Wednesday and leave the Dutch
side heartbroken.
Ajax’s improbable European run
seemed set to go on all the way to
the final as they led 3-2 on aggre-
gate deep in stoppage time in the
second leg of the semi-final at the
Johan Cruyff Arena.
That was when the ball broke to
Lucas in the box and the Brazilian sent
a low shot beyond Ajax goalkeeper
Andre Onana to seal their comeback,
making it 3-2 to them on the night, 3-3
on aggregate, and taking Pochettino’s
men through on away goals.
They will now face fellow come-
back kings Liverpool in Madrid on
June 1, the first all-English show-
piece since 2008.
“It is one of the most important
nights in my life,” said Pochettino,
who was in tears at full time. “The
most important thing is to congratu-
late my players. They did a great job.”
“I have said before that they are
heroes. I think they are super-he-
roes now. To have brought the
club to the final of the Champions
League is very close to a miracle.”
For Lucas there was similar emo-
tion, the player rejected by Paris
Saint-Germain as they made way
for Neymar stepping up in the on-
and Infantino — report
GENEVA: Former Fifa boss
Sepp Blatter plans to sue world
football’s governing body and
his successor for allegedly
spreading “false information”
and damaging his reputation,
according to a news report pub-
Lucas (centre) lished on Wednesday. “I will
reeling away take legal actions against Gi-
celebrating anni Infantino and Fifa,” Blat-
after scoring ter told Swiss news magazine
Tottenham’s Weltwoche. “I’ve had it. Enough
third goal deep is enough,” he said. “The infor-
in stoppage time mation and the different state-
in the Champions ments issued by Fifa regarding
League semi- my income are untrue and have
final, second-leg therefore been detrimental to
match to defeat my reputation,” he added. He
Ajax at the Johan alleged that Fifa had spread
Cruyff Arena in “fake information and a de-
Amsterdam, the ceitful representation” of the
Netherlands on facts. — AFP
Wednesday. Photo
by Reuters Bolsonaro: Brazilian
Grand Prix moving to Rio
RIO DE JANEIRO: Next year’s
Formula One (F1) Grand Prix
going absence of Tottenham’s tal- in Brazil will be held in Rio de
isman Harry Kane. Janeiro, ending a three-dec-
“Football gives us moments like ade long association with Sao
this that we cannot imagine,” said Paulo, President Jair Bolsona-
Lucas. “We need to enjoy it. Look ro said on Wednesday. “A new
at me — it’s the best moment in motor-racing track is going to
my life, my career.” — AFP be built. The construction will
take six to seven months and
the Brazil Grand Prix will be
held in Rio de Janeiro next

Uefa plans for
more clubs,
league system
— official
BY B R I A N HOMEWOOD
NYON: Uefa’s plan for Europe-
an competition includes more
clubs and a league system fea-
turing promotion and relega-
tion, a leading football official
said on Wednesday.
Lars-Christer Olsson, head
of the European Leagues, said
the proposal by the continent’s
football governing body pre-
sented to the umbrella organ-
isation’s members was similar
to one put forward by Juventus
president Andrea Agnelli.
Agnelli, acting as chairman
of the European Club Associa-
tion whose members include
Europe’s biggest clubs, has sug-
gested replacing the Champi-
ons League and Europa League
with a Europe-wide league in
which teams could be promot-
ed and relegated.
Olsson, whose group rep-
resents Europe’s domestic
leagues, said there was “not
a big difference” between Ag-
nelli’s suggestion and the Uefa
proposal.
“There are ideas about pro-
motion and relegation in the
system, it’s a different system
from the one we have today,”
he told reporters.
“The total picture is there
should be more clubs involved,
for example ... so we have to
analyse what effect that is go-
ing to have.” — Reuters
Nadal on the up again, Ferrer
ends career in Madrid
BY THOM AS ALLNU TT
MADRID: Rafael Nadal believes he
is finding his rhythm again after
beginning his bid for a sixth Ma-
drid Open title on Wednesday by
beating Canadian teenager Felix
Auger-Aliassime in straight sets.
The victory also came hours be-
fore Nadal’s fellow Spaniard David
Ferrer played the final match of his
career, losing 6-4, 6-1 to Alexander
Zverev in his last tournament be-
fore retirement.
Nadal has endured a turbulent
few weeks after slipping to sur-
prise defeats in both Monte Carlo
and Barcelona last month before
then being hit by a stomach bug
on Sunday.
But there was never much sign
of an upset in the Spanish capital,
where the world No 2 opened up
with a 6-3, 6-3 victory.
The 32-year-old, who will be
chasing his 18th Grand Slam title
at Roland Garros, will now face
Improved Osaka reaches quarter-finals
BY R ICHARD M ARTIN
MADRID: World No 1 Naomi Osa-
ka delivered an improved display
to reach the quarter-finals of the
Madrid Open on Wednesday, beat-
ing Aliaksandra Sasnovich 6-2, 6-3
while Petra Kvitova and Simona Ha-
lep also made it into the last eight.
Osaka had a hard-fought three-set
another young talent in the US’
Frances Tiafoe, with either Stan
Wawrinka or Kei Nishikori waiting
in the quarter-finals.
Ferrer bowed out after losing
to Zverev, calling time on a distin-
guished career that included 27
ATP titles and a highest ranking of
No 3 in the world. — AFP
Nadal hitting a
return to Auger-
Aliassime during
their Madrid Open
match at The
Caja Magica in
Madrid, Spain on
Wednesday. Photo
by Reuters
win over Sara Sorribes Tormo in the
previous round but had a smoother
match against Sasnovich, whom she
brushed past 6-0, 6-0 an route to her
US Open triumph last year.
The Belarusian showed a little
more resistance this time and Osaka
was forced to save two break points
on her way to taking the first set and
comfortably saw out the second
to set up a meeting with unseed-
ed Belinda Bencic of Switzerland.
“I think I played well today
(Wednesday). But I knew that I
had to because I’d played her twice
before already and it was on hard
court and then I didn’t know what
to expect today so I tried to stay as
focused as I could,” Osaka told re-
porters. — Reuters
year,” Bolsonaro said during a
military ceremony in the city.
“There was state assistance
[from the local government]
in Sao Paulo, with a huge debt.
Keeping F1 there was no longer
viable, so they turned towards
Rio.” — AFP
Adidas extends Real
sponsorship until 2028
BERLIN: Adidas will extend its
sponsorship of Spanish football
side Real Madrid until 2028,
the German sportswear firm
said on Wednesday, as it bat-
tles fierce competition in Eu-
rope from Nike and a resurgent
Puma. “This agreement will
help us achieve our mission
to be the best sports company
in the world. It also underpins
Adidas’ leadership in the foot-
ball category,” chief executive
Kasper Rorsted said in a state-
ment. Adidas did not give any
financial detail of the deal with
Real, which made an early exit
from the Champions League.
— Reuters
Chelsea to challenge
transfer ban at CAS
LONDON: Chelsea will chal-
lenge a transfer ban from Fifa
at the Court of Arbitration for
Sport (CAS), the London club
said on Wednesday after foot-
ball’s world governing body
rejected a first appeal. The
ban on Chelsea signing play-
ers over the next two transfer
windows remains largely in
place after Fifa issued its rul-
ing on Wednesday. Chelsea
responded to Fifa’a decision by
saying they intended to lodge
the transfer ban with CAS. The
appeal committee also con-
firmed the fine of 600,000 Swiss
francs (RM2.45 million). — AFP
FRIDAY M AY 1 0 , 20 1 9 • T HE E DG E FINA NCIA L DA ILY
Markets 2 5
BURSA MAL AYSIA MAIN MARKET

Bursa Malaysia YEAR

HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE COUNTER CLOSING
(RM)
+/–
(RM)
VOL
(‘000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
0.920 0.686 0.800 0.770 7134 PWF 0.790 0.010 282.3 0.786 9.09 3.80 137.4
Sectorial Movement 1.629 1.001 1.350
7.630 5.018 6.810
1.320
6.650
7237
7084
PWROOT
QL
1.350
6.680
UNCH
-0.180
113.1
976.5
1.344 39.71
6.681 49.30
4.09
0.67
543.8
10,837.9
0.505 0.340 — — 9946 REX 0.420 — — — — — 103.6
INDICES CLOSE +/- %CHG INDICES CLOSE +/- %CHG 0.265 0.205 0.210 0.205 0037 RGB 0.210 0.005 552.6 0.205 9.21 3.33 323.6
FBM KLCI 1,618.53 -15.02 -0.92 CONSTRUCTION 205.01 -4.43 -2.12 0.868 0.669 0.730 0.730 5278 RHONEMA 0.730 0.010 5.9 0.730 13.22 4.11 133.3
0.632 0.341 0.355 0.355 0183 SALUTE 0.355 UNCH 10 0.355 61.21 6.76 137.7
FBM ACE 4,544.68 -13.20 -0.29 CONSUMER PRODUCTS & SERVICES 673.56 -6.14 -0.90 0.490 0.115 0.405 0.380 9113 SANBUMI 0.385 -0.020 3025.2 0.390 — — 95.9
FBM TOP 100 11,257.76 -110.28 -0.97 ENERGY 1,027.81 -4.34 -0.42 0.475 0.195 0.200 0.195 5252 SASBADI 0.195 -0.005 2578.7 0.198 114.71 — 81.7
FBM EMAS 11,427.98 -110.04 -0.95 FINANCIAL SERVICES 16,599.90 -106.34 -0.64 0.475 0.270 0.290 0.290 5157 SAUDEE 0.290 0.020 1 0.290 — — 38.4
0.675 0.577 0.635 0.625 9792 SEG 0.630 -0.005 45.8 0.629 18.48 4.37 796.7
FBM MID 70 14,126.00 -162.03 -1.13 HEALTH CARE 1,236.84 -11.60 -0.93 1.506 1.199 1.470 1.450 5250 SEM 1.460 0.040 3.7 1.457 32.09 1.64 1,800.7
FBM MIDS CAP 13,923.17 -82.18 -0.59 INDUSTRIAL PRODUCTS & SERVICES 167.09 -0.71 -0.42 0.645 0.480 0.500 0.500 7180 SERNKOU 0.500 UNCH 10 0.500 13.40 — 120.0
FBM SMALL CAP 13,138.61 -84.50 -0.64 PLANTATION 7,107.75 -58.03 -0.81 6.336 5.310 5.590 5.530 5517 SHANG 5.570 -0.130 62 5.580 34.73 2.69 2,450.8
0.820 0.470 — — 7412 SHH 0.480 — — — — — 24.0
FBM FLEDGLING 15,234.10 -138.06 -0.90 PROPERTY 909.48 -12.43 -1.35 0.649 0.315 0.530 0.505 7246 SIGN 0.505 -0.005 9 0.519 43.16 2.97 121.4
FTSE4GOOD BURSA M’SIA 905.09 -8.60 -0.94 REAL ESTATE INVESTMENT TRUSTS 1,001.29 -2.78 -0.28 2.837 2.022 2.260 2.190 4197 SIME 2.210 -0.040 6207.1 2.211 17.82 2.71 15,029.9
FBM PALM OIL PLANTATION MYR 12,877.23 -49.69 -0.38 TECHNOLOGY 32.79 -0.59 -1.77 0.530 0.215 0.280 0.280 8532 SINOTOP 0.280 -0.005 10 0.280 36.36 — 110.6
0.411 0.105 0.195 0.185 9776 SMCAP 0.190 UNCH 644.5 0.190 — — 40.6
FBM EMAS SHARIAH 11,633.39 -131.14 -1.11 TELECOMMUNICATION & MEDIA 648.55 -8.05 -1.23 0.310 0.220 0.230 0.230 7943 SNC 0.230 -0.010 3 0.230 — — 15.2
FBM HIJRAH SHARIAH 12,963.86 -146.93 -1.12 TRANSPORTATION & LOGISTICS 756.33 0.57 0.08 0.370 0.200 0.280 0.275 5242 SOLID 0.280 -0.020 36 0.279 103.7 0.71 109.8
2.460 2.000 — — 7103 SPRITZER 2.300 — — — 19.93 1.52 483.0
FBM MIDS CAP SHARIAH 13,452.54 -98.96 -0.73 UTILITIES 987.68 -16.99 -1.69
2.830 1.920 2.760 2.760 9865 SUIWAH 2.760 -0.010 1.2 2.760 17.70 0.36 168.4
0.680 0.582 — — 0301 SUPREME 0.680 — — — 17.75 — 81.6
0.900 0.510 0.560 0.525 7186 SWSCAP 0.560 UNCH 28.3 0.546 — — 102.1

Bursa Malaysia Main Market 0.347 0.197

0.420 0.270
1.877 1.330 1.640
—
—
—
—
1.630
7082
7211
4405
SYF
TAFI
TCHONG
0.210
0.300
1.640
—
—
0.010
—
—
16
—
—
—
—
1.636 10.10
5.95
—
2.44
130.0
24.0
1,102.1
YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP 1.550 0.695 1.230 1.220 7439 TECGUAN 1.230 -0.050 16.5 1.229 19.37 — 49.3
0.363 0.220 — — 7200 TEKSENG 0.225 — — — — 8.89 78.3
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) 1.430 0.717 1.430 1.300 7252 TEOSENG 1.360 0.080 16280 1.366 13.43 2.21 408.0
CONSUMER PRODUCTS & SERVICES 1.090 0.866 — — 9369 TGL 1.000 — — — 6.53 5.00 40.7
1.044 0.700 0.945 0.905 0012 3A 0.935 0.030 894.1 0.921 13.77 2.14 460.0 0.640 0.470 — — 7230 TOMEI 0.505 — — — 14.81 1.98 70.0
0.400 0.205 0.230 0.225 5238 AAX 0.225 -0.005 2789.3 0.227 — — 933.3 0.460 0.300 0.435 0.420 7176 TPC 0.425 0.030 204.1 0.431 30.14 — 99.4
0.490 0.300 0.390 0.380 7120 ACOSTEC 0.380 -0.010 1910.3 0.385 — — 73.9 6.859 4.177 5.620 5.500 4588 UMW 5.500 -0.010 1684 5.501 12.47 1.36 6,425.6
2.606 1.390 1.460 1.420 6599 AEON 1.450 UNCH 703.8 1.450 19.36 2.76 2,035.8 2.478 2.050 — — 7757 UPA 2.280 — — — 18.01 3.51 181.4
0.255 0.115 0.150 0.150 7315 AHB 0.150 -0.005 254.4 0.150 — — 26.4 1.130 0.770 0.875 0.860 7240 VERTICE 0.875 -0.010 24.7 0.863 — — 165.2
9.830 5.387 8.590 8.480 7090 AHEALTH 8.510 -0.090 37.1 8.513 17.03 1.59 1,002.3 1.520 0.995 — — 7203 WANGZNG 1.090 — — — 16.64 3.67 174.4
3.152 1.914 2.650 2.560 5099 AIRASIA 2.650 0.080 5067.8 2.603 4.51 9.06 8,856.2 2.339 2.000 — — 5016 WARISAN 2.250 — — — 19.63 1.78 151.2
23.944 17.100 17.620 17.600 2658 AJI 17.620 0.020 0.2 17.61 18.02 2.64 1,071.3 0.210 0.075 0.080 0.075 5156 XDL 0.080 UNCH 11468 0.080 10.00 — 144.4
8.167 5.481 6.100 6.000 6351 AMWAY 6.000 0.010 3.1 6.003 18.09 3.33 986.3 0.585 0.400 — — 7121 XIANLNG 0.450 — — — — — 36.0
0.035 0.005 0.020 0.020 5194 APFT 0.020 UNCH 1625 0.020 — — 26.8 0.065 0.035 — — 5155 XINQUAN 0.055 — — — — — 26.7
4.339 3.550 3.860 3.860 6432 APOLLO 3.860 0.020 0.1 3.860 20.41 5.18 308.8 2.340 1.800 2.330 2.330 5584 YEELEE 2.330 UNCH 75 2.330 11.92 1.72 446.4
0.240 0.105 0.140 0.135 1481 ASB 0.135 UNCH 1672.5 0.138 — 1.85 125.4 1.284 0.950 1.190 1.180 5159 YOCB 1.190 UNCH 15 1.187 6.74 3.36 190.4
0.715 0.325 0.480 0.480 7722 ASIABRN 0.480 0.025 0.5 0.480 — — 111.7 3.390 2.384 2.510 2.430 7178 YSPSAH 2.440 -0.060 773 2.462 11.07 2.87 339.0
2.767 2.316 2.450 2.380 7129 ASIAFLE 2.380 -0.020 49.2 2.404 10.18 6.30 463.5 1.490 1.165 1.470 1.420 5131 ZHULIAN 1.470 0.030 133 1.443 12.49 5.44 676.2
4.800 4.015 4.490 4.480 7048 ATLAN 4.490 UNCH 1 4.485 28.54 4.45 1,138.9 INDUSTRIAL PRODUCTS & SERVICES
0.425 0.130 0.160 0.145 8885 AVI 0.155 0.005 738.9 0.153 — — 133.1 0.120 0.070 — — 7086 ABLEGRP 0.080 — — — — — 21.1
38.127 21.435 34.220 33.500 4162 BAT 33.500 -0.600 153.9 33.84 20.41 4.63 9,565.3 0.605 0.350 0.450 0.450 7191 ADVENTA 0.450 -0.005 37.4 0.450 — — 68.8
2.440 1.730 2.380 2.280 5248 BAUTO 2.320 -0.050 812.1 2.312 10.26 5.63 2,698.5 2.080 1.744 — — 9148 ADVPKG 1.880 — — — 34.43 3.19 38.5
1.810 1.272 1.740 1.700 5196 BJFOOD 1.710 -0.020 1841.3 1.725 27.32 2.34 653.0 0.185 0.095 — — 7146 AEM 0.105 — — — — — 31.4
0.365 0.180 0.215 0.205 4219 BJLAND 0.205 -0.005 3086.1 0.208 — — 1,025.1 0.740 0.370 — — 5198 AFUJIYA 0.520 — — — 21.76 — 93.6
2.630 1.925 2.600 2.560 1562 BJTOTO 2.600 0.010 509.8 2.572 14.55 5.96 3,512.7 0.350 0.200 — — 2682 AISB 0.245 — — — — — 35.4
0.384 0.205 0.270 0.265 9288 BONIA 0.265 -0.005 70 0.269 17.91 — 213.7 0.640 0.491 0.535 0.525 7609 AJIYA 0.535 UNCH 77.1 0.530 6.52 1.87 163.0
0.385 0.055 0.110 0.105 9474 BRAHIMS 0.110 UNCH 263.1 0.110 — — 26.0 0.895 0.420 0.550 0.530 2674 ALCOM 0.530 -0.020 21.8 0.530 20.70 — 71.2
1.012 0.491 0.595 0.570 7174 CAB 0.580 0.010 332 0.583 14.57 0.86 381.0 1.391 0.993 1.040 1.040 7083 ANALABS 1.040 -0.080 1 1.040 13.70 1.92 124.8
0.639 0.367 0.455 0.420 7154 CAELY 0.455 0.005 15.8 0.422 142.19 1.10 74.4 0.682 0.366 0.445 0.435 4758 ANCOM 0.445 UNCH 42.3 0.443 4.38 — 107.2
0.350 0.220 — — 7128 CAMRES 0.250 — — — 19.23 — 49.2 2.581 1.110 1.670 1.630 6556 ANNJOO 1.640 -0.010 270.1 1.642 5.80 7.32 918.3
2.000 1.500 1.950 1.940 5245 CARING 1.950 0.010 10 1.945 19.84 2.56 424.5 0.065 0.035 0.040 0.035 9342 ANZO 0.035 UNCH 70 0.039 — — 30.8
27.380 16.825 25.620 25.200 2836 CARLSBG 25.240 -0.180 294.5 25.34 27.85 3.59 7,717.1 0.880 0.500 — — 5568 APB 0.570 — — — — 5.26 64.3
2.180 1.400 1.490 1.440 2925 CCB 1.480 UNCH 3.4 1.445 7.22 — 149.1 3.695 2.680 — — 5015 APM 3.000 — — — 15.27 4.00 604.8
1.010 0.365 0.635 0.610 7035 CCK 0.610 0.005 2289.6 0.623 14.84 2.05 384.7 0.630 0.469 — — 7214 ARANK 0.510 — — — 6.52 4.55 86.5
0.495 0.290 0.300 0.300 7209 CHEETAH 0.300 -0.030 10 0.300 52.63 1.33 38.3 0.605 0.074 0.490 0.460 7181 ARBB 0.470 -0.025 4673.4 0.473 7.56 — 52.3
1.992 1.210 — — 2828 CIHLDG 1.250 — — — 11.22 8.00 202.5 0.951 0.581 0.670 0.650 7162 ASTINO 0.650 -0.020 105.1 0.660 8.54 1.54 178.2
0.095 0.060 0.070 0.070 5104 CNI 0.070 -0.005 54 0.070 77.78 4.29 50.4 1.880 1.380 1.740 1.730 8176 ATAIMS 1.740 UNCH 1463.6 1.740 16.71 — 2,095.6
0.085 0.035 — — 5188 CNOUHUA 0.045 — — — — — 30.1 0.930 0.545 0.575 0.575 7099 ATTA 0.575 UNCH 0.1 0.575 6.78 13.91 122.7
2.376 1.830 — — 7205 COCOLND 1.860 — — — 13.76 3.23 425.6 0.918 0.592 0.770 0.760 7579 AWC 0.760 -0.005 535.6 0.762 8.44 0.99 225.0
0.085 0.005 0.040 0.040 0301 CRG 0.040 -0.005 35 0.040 11.11 — 32.2 0.425 0.320 0.330 0.320 5021 AYS 0.330 UNCH 143.1 0.324 6.76 7.58 125.5
1.472 1.013 1.070 1.070 7202 CSCENIC 1.070 UNCH 2.4 1.070 17.83 5.61 128.9 1.841 1.180 1.280 1.240 8133 BHIC 1.280 0.030 1 1.276 — 2.73 318.0
0.020 0.010 — — 5214 CSL 0.010 — — — — — 12.4 0.515 0.260 0.390 0.390 7005 BIG 0.390 UNCH 10.7 0.390 28.06 — 18.8
0.540 0.415 0.420 0.420 9423 CWG 0.420 UNCH 0.5 0.420 9.91 3.57 53.0 0.195 0.115 0.125 0.125 6998 BINTAI 0.125 -0.005 117.9 0.125 5.51 — 36.2
0.040 0.025 0.030 0.030 7179 DBE 0.030 -0.005 1150 0.030 — — 80.3 0.395 0.245 0.265 0.260 3395 BJCORP 0.265 UNCH 7047.1 0.264 — — 1,382.0
1.090 0.950 0.980 0.950 7119 DEGEM 0.950 -0.100 5.1 0.962 — 1.05 127.3 0.754 0.500 0.600 0.590 0168 BOILERM 0.595 0.025 26.3 0.591 13.71 2.94 307.0
4.309 2.140 2.650 2.620 5908 DKSH 2.650 UNCH 13.5 2.621 9.37 3.77 417.8 0.090 0.040 0.045 0.045 7036 BORNOIL 0.045 UNCH 3258.9 0.045 — — 240.3
69.714 58.900 64.280 64.000 3026 DLADY 64.280 0.280 16.9 64.00 31.85 1.56 4,113.9 1.350 0.865 1.120 1.110 6297 BOXPAK 1.120 0.010 16 1.113 — — 134.5
1.463 0.925 1.350 1.310 7148 DPHARMA 1.310 -0.040 652.7 1.342 18.07 3.11 867.1 1.150 0.849 1.110 1.090 5100 BPPLAS 1.090 -0.020 13.9 1.107 9.71 3.67 204.6
2.543 1.600 2.150 2.110 1619 DRBHCOM 2.120 -0.030 1085.7 2.126 — 1.42 4,098.5 0.240 0.140 — — 9938 BRIGHT 0.190 — — — — — 39.0
0.240 0.095 0.105 0.105 2097 EASTLND 0.105 UNCH 20 0.105 — — 25.8 0.600 0.260 — — 7221 BSLCORP 0.310 — — — — — 30.4
0.665 0.509 0.600 0.570 5081 EIG 0.600 -0.020 94.6 0.596 18.63 5.00 142.3 2.598 1.210 1.250 1.230 2771 BSTEAD 1.230 -0.020 198.5 1.242 — 4.07 2,493.2
0.085 0.050 0.050 0.050 7182 EKA 0.050 UNCH 15 0.050 — — 15.6 0.190 0.070 0.110 0.105 7188 BTM 0.105 UNCH 144.8 0.106 — — 14.8
0.235 0.150 0.160 0.160 9091 EMICO 0.160 -0.005 45 0.160 — — 16.1 3.460 1.830 3.310 3.270 5105 CANONE 3.270 -0.020 295.7 3.292 13.49 1.22 628.3
1.415 0.820 0.960 0.960 7149 ENGKAH 0.960 0.010 4.6 0.960 9.87 6.25 67.9 0.015 0.010 — — 5229 CAP 0.010 — — — — — 13.6
0.185 0.155 — — 0302 ETH 0.180 — — — 54.55 — 44.2 1.497 0.942 1.080 1.070 7076 CBIP 1.070 -0.010 84.9 1.075 13.48 3.74 575.9
0.250 0.120 — — 7208 EURO 0.120 — — — — — 32.1 2.355 1.515 2.170 2.140 2879 CCM 2.140 -0.010 544.8 2.144 13.97 2.80 358.9
0.750 0.400 — — 7094 EUROSP 0.430 — — — — — 19.1 0.845 0.630 — — 8435 CEPCO 0.845 — — — — — 63.1
39.629 28.929 33.920 33.320 3689 F&N 33.860 UNCH 841.4 33.84 30.07 1.70 12,419.1 1.360 0.900 — — 8044 CFM 1.140 — — — — — 46.7
0.959 0.660 — — 2755 FCW 0.700 — — — 1750.0 14.29 175.0 0.460 0.320 0.330 0.330 7187 CHGP 0.330 -0.010 10 0.330 16.42 — 98.0
0.543 0.428 0.490 0.470 6939 FIAMMA 0.470 -0.010 1070.8 0.478 7.09 4.79 249.1 1.079 0.618 — — 5273 CHINHIN 0.775 — — — 18.77 3.87 431.2
0.530 0.280 0.415 0.390 8605 FIHB 0.390 -0.015 377.6 0.397 7.07 — 42.5 1.945 1.407 1.830 1.830 5007 CHINWEL 1.830 -0.030 5 1.830 8.96 4.70 548.1
1.955 1.199 1.720 1.720 9172 FPI 1.720 -0.010 36.8 1.720 11.59 5.81 425.5 2.170 1.410 — — 5797 CHOOBEE 1.630 — — — 6.58 3.07 214.7
1.890 0.600 1.300 1.200 7184 G3 1.210 -0.030 294.6 1.238 — — 499.3 0.459 0.230 — — 7016 CHUAN 0.375 — — — 8.03 2.93 63.3
4.240 1.370 4.030 3.990 5102 GCB 4.000 -0.030 167.4 3.999 10.05 0.50 1,920.6 0.880 0.420 — — 8052 CICB 0.595 — — — — 1.63 53.6
0.580 0.400 — — 5592 GCE 0.455 — — — — 4.40 89.6 0.050 0.035 — — 7018 CME 0.035 — — — — — 20.4
5.178 2.696 3.230 3.130 4715 GENM 3.140 -0.080 8096.8 3.161 — 3.50 18,645.5 4.070 1.740 3.320 3.270 2852 CMSB 3.290 -0.040 1328 3.290 13.46 2.25 3,534.7
8.790 5.851 6.920 6.710 3182 GENTING 6.760 -0.090 3365.1 6.782 18.99 2.14 26,207.8 0.900 0.380 — — 7986 CNASIA 0.435 — — — 12.29 — 21.7
0.415 0.100 0.225 0.185 5079 GETS 0.210 -0.010 3004.8 0.205 — — 26.5 1.370 0.735 1.090 1.070 5071 COASTAL 1.070 -0.020 127.5 1.087 — 1.87 569.1
0.200 0.105 0.125 0.120 0136 GREENYB 0.125 UNCH 117 0.120 62.50 — 41.7 0.230 0.045 0.090 0.075 7195 COMCORP 0.080 UNCH 72.7 0.080 — — 11.2
5.120 2.440 2.500 2.480 7668 HAIO 2.490 -0.010 36.2 2.488 14.17 7.23 747.7 1.090 0.748 0.835 0.825 2127 COMFORT 0.825 -0.015 190.7 0.830 16.60 1.21 463.6
3.980 3.400 3.890 3.850 5008 HARISON 3.890 0.030 16 3.866 11.86 5.14 266.4 0.030 0.020 0.025 0.020 5037 COMPUGT 0.025 UNCH 4220.3 0.025 — — 58.7
0.180 0.055 0.090 0.090 5187 HBGLOB 0.090 UNCH 80 0.090 3.83 — 42.1 1.350 0.975 1.150 1.110 5094 CSCSTEL 1.120 UNCH 823.1 1.134 18.86 3.57 425.6
25.100 17.420 24.280 24.100 3255 HEIM 24.160 -0.160 16.4 24.18 25.83 3.89 7,298.7 0.630 0.400 0.450 0.450 7157 CYL 0.450 0.015 1 0.450 — 8.89 45.0
12.115 8.420 10.680 10.600 3301 HLIND 10.680 0.100 43.3 10.67 10.22 3.46 3,502.0 0.410 0.310 — — 5082 CYMAO 0.320 — — — — — 24.0
0.790 0.585 0.635 0.630 5160 HOMERIZ 0.630 -0.005 304 0.631 8.77 3.97 189.0 1.780 1.333 1.630 1.590 5184 CYPARK 1.600 -0.040 397.9 1.608 8.86 2.44 733.3
1.131 0.922 0.995 0.990 5024 HUPSENG 0.995 0.010 47.3 0.993 18.53 6.03 796.0 2.370 1.550 2.200 2.180 8125 DAIBOCI 2.180 -0.020 163.8 2.190 46.88 1.54 714.8
0.420 0.280 0.330 0.295 8478 HWATAI 0.330 0.035 1.4 0.305 — — 24.7 0.680 0.338 0.620 0.605 5276 DANCO 0.610 -0.010 817 0.611 12.20 2.87 181.8
0.080 0.030 0.045 0.040 7243 IMPIANA 0.040 UNCH 58125 0.045 — — 223.8 0.435 0.120 0.290 0.280 7212 DESTINI 0.280 -0.015 3227.1 0.284 186.67 — 323.5
2.070 1.100 1.210 1.200 5107 IQGROUP 1.210 0.080 2.1 1.205 — 8.26 106.5 0.755 0.290 0.435 0.430 7114 DNONCE 0.435 UNCH 30 0.433 44.39 — 109.5
0.060 0.030 0.035 0.035 7223 JADI 0.035 UNCH 12.5 0.035 — — 33.0 0.295 0.100 — — 5835 DOLMITE 0.100 — — — — — 28.5
0.980 0.687 0.960 0.940 7152 JAYCORP 0.940 -0.005 231.5 0.950 8.20 3.19 129.0 0.170 0.070 0.130 0.125 5265 DOLPHIN 0.130 UNCH 229.2 0.128 — — 31.7
0.453 0.330 — — 8931 JERASIA 0.375 — — — 4.05 2.67 30.8 1.348 1.137 1.250 1.230 7169 DOMINAN 1.230 -0.020 22.1 1.230 6.05 5.69 203.2
1.600 0.811 1.470 1.430 7167 JOHOTIN 1.440 -0.020 961.9 1.446 12.34 3.47 447.1 2.713 0.619 1.650 1.610 7233 DUFU 1.620 -0.040 3896.3 1.622 7.85 2.88 426.4
0.400 0.280 — — 8672 KAMDAR 0.330 — — — — — 65.3 2.000 0.655 0.920 0.900 7165 DWL 0.915 0.005 7418.2 0.912 — — 184.0
0.931 0.375 0.585 0.550 5247 KAREX 0.555 -0.020 10048.3 0.563 89.52 0.90 556.3 0.380 0.080 0.090 0.080 5178 DYNACIA 0.085 UNCH 746.6 0.085 — — 40.8
2.496 1.520 1.540 1.520 7216 KAWAN 1.540 -0.010 5 1.532 24.29 1.62 553.7 2.900 1.767 2.820 2.680 1368 EDGENTA 2.790 -0.030 30.6 2.801 15.63 5.02 2,320.2
0.225 0.080 0.195 0.170 8303 KFM 0.195 0.030 20.1 0.195 — — 13.3 0.320 0.170 0.210 0.205 0064 EFFICEN 0.205 UNCH 32.5 0.205 — — 145.4
0.675 0.470 0.520 0.485 6203 KHEESAN 0.485 -0.025 292.4 0.497 11.36 3.09 50.4 0.640 0.430 0.485 0.465 8907 EG 0.465 -0.015 622.2 0.473 7.66 — 126.1
1.880 1.400 1.700 1.700 7062 KHIND 1.700 -0.020 0.1 1.700 43.04 0.59 68.1 1.447 1.071 1.370 1.320 5208 EITA 1.370 0.010 3.9 1.357 12.15 3.65 178.1
1.837 1.547 1.750 1.710 0002 KOTRA 1.720 0.010 20 1.729 11.72 3.49 247.6 0.990 0.634 — — 9016 EKSONS 0.745 — — — — 6.71 122.3
0.580 0.295 0.335 0.335 7130 KPOWER 0.335 -0.005 40 0.335 — — 25.5 0.650 0.370 0.405 0.405 7217 EMETALL 0.405 -0.015 9.3 0.405 24.55 6.17 76.3
0.140 0.070 0.075 0.070 5172 KSTAR 0.075 -0.005 111.1 0.075 — — 29.0 1.230 0.770 0.815 0.795 5056 ENGTEX 0.815 -0.010 309.2 0.815 27.17 0.92 361.3
0.195 0.050 0.115 0.100 4847 KTB 0.115 0.005 6249.3 0.107 — — 46.3 0.470 0.350 0.400 0.355 7773 EPMB 0.355 UNCH 21.4 0.385 — — 58.9
0.775 0.445 0.475 0.455 1643 LANDMRK 0.460 -0.020 34 0.461 — — 243.3 0.625 0.335 0.365 0.360 5101 EVERGRN 0.360 -0.005 566.5 0.361 19.05 1.33 304.7
4.065 2.931 3.850 3.760 7006 LATITUD 3.850 0.050 10.3 3.787 19.64 0.78 374.2 1.400 1.050 1.240 1.240 2984 FACBIND 1.240 0.020 3 1.240 83.22 — 105.6
0.961 0.325 0.490 0.470 9385 LAYHONG 0.475 0.010 22862 0.478 57.23 1.05 313.6 2.880 2.200 2.750 2.730 7229 FAVCO 2.730 -0.010 18.1 2.738 9.54 4.95 605.1
1.061 0.633 0.865 0.865 8079 LEESK 0.865 -0.020 30.1 0.865 13.75 2.89 145.2 0.609 0.390 — — 0149 FIBON 0.390 — — — 16.96 1.92 38.2
3.242 2.119 2.650 2.620 7089 LIIHEN 2.630 0.020 51.1 2.631 8.28 4.56 473.4 1.970 1.703 — — 3107 FIMACOR 1.940 — — — 8.45 6.44 475.8
0.630 0.320 0.325 0.320 7126 LONBISC 0.320 -0.005 388.2 0.325 4.89 — 88.1 0.560 0.365 0.460 0.450 9318 FITTERS 0.455 UNCH 552.8 0.454 13.11 — 218.6
1.389 0.774 1.280 1.160 7085 LTKM 1.250 0.090 346.9 1.243 10.03 1.60 162.6 1.825 0.901 1.560 1.520 5197 FLBHD 1.560 UNCH 262.2 1.536 5.68 11.86 165.4
5.248 3.767 4.610 4.540 7087 MAGNI 4.550 -0.040 15.5 4.546 7.33 3.08 740.4 0.441 0.186 0.390 0.365 5277 FPGROUP 0.370 -0.005 4589 0.380 22.16 2.70 192.0
2.480 1.640 2.430 2.410 3859 MAGNUM 2.420 -0.010 273.8 2.420 32.70 6.20 3,479.4 1.230 0.600 — — 7197 GESHEN 0.620 — — — 11.90 — 49.6
0.145 0.115 0.120 0.120 3514 MARCO 0.120 UNCH 50 0.120 8.96 2.50 126.5 0.545 0.420 0.430 0.425 5220 GLOTEC 0.425 -0.010 192.1 0.429 20.53 — 114.4
0.015 0.005 — — 5189 MAXWELL 0.010 — — — — — 4.0 0.325 0.185 0.200 0.200 7192 GOODWAY 0.200 UNCH 120.6 0.200 — — 22.1
1.000 0.780 — — 5886 MBG 0.780 — — — 28.26 3.85 47.4 0.120 0.080 0.120 0.115 7096 GPA 0.115 UNCH 248 0.117 383.3 — 112.8
3.080 1.838 3.020 2.930 5983 MBMR 3.010 0.060 306.8 2.977 7.05 3.99 1,176.6 0.325 0.170 0.250 0.235 5649 GPHAROS 0.235 -0.005 9 0.247 58.75 5.40 31.9
0.400 0.185 0.290 0.290 7234 MESB 0.290 0.010 45.5 0.290 — — 23.8 0.686 0.420 0.500 0.490 3247 GUH 0.500 0.010 32.7 0.494 — — 139.0
0.220 0.177 — — 0301 MFGROUP 0.220 — — — 23.91 — 70.4 1.050 0.670 — — 5151 HALEX 0.820 — — — — — 673.0
1.437 0.446 0.775 0.755 3662 MFLOUR 0.765 -0.005 6354.2 0.764 24.68 3.80 763.7 10.000 9.031 9.860 9.750 3034 HAPSENG 9.860 0.080 653.1 9.801 21.43 3.55 24,548.3
0.860 0.600 — — 7935 MILUX 0.810 — — — — — 44.1 7.339 4.520 4.950 4.800 5168 HARTA 4.880 -0.070 6077.7 4.867 35.52 1.74 16,326.3
0.170 0.035 0.040 0.040 5166 MINDA 0.040 UNCH 50 0.040 — — 49.6 9.450 4.510 6.080 5.900 4324 HENGYUAN 6.070 0.170 668.2 5.985 58.99 — 1,821.0
4.120 1.420 1.450 1.420 5202 MSM 1.420 -0.030 130 1.429 28.01 — 998.2 0.973 0.513 0.700 0.695 5095 HEVEA 0.700 UNCH 265.3 0.699 23.49 7.14 392.6
0.040 0.005 — — 5150 MSPORTS 0.010 — — — — — 6.1 0.806 0.609 0.720 0.720 3298 HEXZA 0.720 0.005 20 0.720 19.41 6.94 144.3
0.230 0.145 0.185 0.180 3891 MUIIND 0.185 UNCH 663.2 0.181 — — 542.5 0.455 0.215 0.265 0.260 5072 HIAPTEK 0.260 -0.010 801.5 0.263 — 1.92 349.5
2.650 1.620 2.300 2.270 3905 MULPHA 2.280 -0.020 82.5 2.290 3.09 — 728.7 1.360 0.760 1.060 1.030 5199 HIBISCS 1.030 -0.030 9919.4 1.044 4.92 — 1,635.9
1.709 1.330 — — 5275 MYNEWS 1.400 — — — 33.65 0.71 955.0 1.655 1.093 1.180 1.180 7033 HIGHTEC 1.180 0.020 5 1.180 14.03 1.69 47.9
149.15 130.29 147.20 144.30 4707 NESTLE 145.000 -3.400 126.4 144.77 51.30 1.93 34,002.5 0.737 0.465 0.585 0.585 8443 HIL 0.585 -0.005 63 0.585 11.36 2.99 195.4
3.254 2.500 — — 7060 NHFATT 2.650 — — — 15.63 3.77 219.1 0.810 0.340 0.635 0.620 5165 HOKHENG 0.620 -0.015 91.2 0.625 387.50 — 54.6
0.050 0.025 0.030 0.025 7139 NICE 0.030 UNCH 190 0.030 2.94 — 21.1 1.470 0.445 1.080 1.040 0185 HSSEB 1.070 -0.010 616.2 1.054 — 0.72 530.6
0.267 0.117 0.210 0.200 7215 NIHSIN 0.200 -0.025 4690.4 0.204 28.17 — 64.3 0.480 0.130 0.205 0.200 2739 HUAAN 0.200 -0.005 6825.3 0.201 7.58 — 224.5
0.630 0.445 0.460 0.455 5066 NTPM 0.455 0.005 137.4 0.455 34.73 5.27 511.1 1.548 0.456 0.745 0.735 5000 HUMEIND 0.740 -0.005 273.1 0.740 — 2.70 354.5
0.580 0.300 — — 5533 OCB 0.470 — — — — — 48.3 0.135 0.085 0.090 0.085 9601 HWGB 0.090 UNCH 57.5 0.089 — — 32.1
0.611 0.395 0.455 0.445 0049 OCNCASH 0.455 UNCH 100 0.450 18.35 2.00 111.6 2.308 1.837 1.970 1.970 7222 IMASPRO 1.970 -0.010 22.2 1.970 142.75 1.78 157.6
1.020 0.631 0.865 0.845 7107 OFI 0.855 -0.015 613.4 0.854 18.35 1.75 205.2 0.900 0.430 0.480 0.465 5673 IPMUDA 0.480 -0.050 75.2 0.469 — — 34.8
0.135 0.090 0.120 0.120 3018 OLYMPIA 0.120 UNCH 329.2 0.120 11.88 — 122.8 0.255 0.100 0.120 0.115 7183 IRETEX 0.120 UNCH 260 0.120 — — 17.7
6.860 5.766 6.820 6.780 4006 ORIENT 6.780 -0.010 17.8 6.796 8.25 2.95 4,206.3 0.150 0.110 — — 8648 JASKITA 0.115 — — — — — 51.7
1.055 0.460 0.550 0.550 5260 OWG 0.550 UNCH 33.3 0.550 10.36 — 156.8 1.700 1.340 1.530 1.510 0058 JCBNEXT 1.530 0.030 19.4 1.522 21.13 2.61 210.8
6.070 3.125 3.940 3.820 7052 PADINI 3.860 -0.040 695.8 3.923 15.10 2.59 2,539.5 0.255 0.165 — — 9083 JETSON 0.180 — — — — — 38.1
39.301 32.585 37.880 37.660 3719 PANAMY 37.660 -0.080 0.2 37.77 21.11 3.93 2,287.7 1.100 0.950 0.990 0.990 7043 JMR 0.990 -0.050 5 0.990 — — 125.5
0.440 0.300 0.350 0.330 5022 PAOS 0.350 -0.015 301 0.334 52.24 4.57 63.4 0.235 0.125 0.130 0.125 0054 KARYON 0.125 -0.005 155.1 0.125 7.91 2.40 59.5
0.380 0.230 — — 9407 PARAGON 0.310 — — — — — 21.7 0.630 0.475 — — 7199 KEINHIN 0.515 — — — 18.59 1.94 56.1
0.650 0.225 0.250 0.245 5657 PARKSON 0.245 -0.005 249.7 0.248 — — 268.0 1.680 1.402 1.670 1.650 6491 KFIMA 1.650 -0.010 90 1.653 7.72 5.45 465.7
0.565 0.185 0.440 0.425 6068 PCCS 0.430 -0.005 1985.3 0.431 6.63 2.33 90.3 1.410 0.700 1.340 1.300 0151 KGB 1.300 -0.040 696.3 1.315 17.06 1.38 381.6
0.775 0.290 0.315 0.305 5231 PELIKAN 0.315 0.005 321.8 0.309 25.20 — 174.3 0.360 0.130 — — 6211 KIALIM 0.290 — — — — — 18.0
0.640 0.340 0.415 0.410 9997 PENSONI 0.410 -0.005 185.1 0.412 — — 53.2 3.110 2.000 — — 3522 KIANJOO 3.050 — — — 78.41 1.31 1,354.7
0.590 0.200 0.560 0.545 7080 PERMAJU 0.560 0.010 3898.8 0.556 — — 109.7 1.429 1.090 1.180 1.160 5371 KIMHIN 1.180 -0.020 21 1.163 — 4.24 183.6
28.201 22.497 24.480 24.000 5681 PETDAG 24.240 UNCH 530.2 24.22 28.35 4.00 24,081.3 0.010 0.005 — — 5060 KINSTEL 0.005 — — — — — 5.2
0.180 0.135 — — 4081 PMCORP 0.145 — — — 31.52 — 112.1 1.460 0.780 1.330 1.330 9466 KKB 1.330 UNCH 27.5 1.330 19.44 3.01 342.9
0.210 0.035 0.060 0.055 1287 PMHLDG 0.060 UNCH 4107.2 0.055 — — 55.7 0.225 0.070 0.195 0.185 7164 KNM 0.185 UNCH 15043 0.189 — — 438.3
0.559 0.431 0.475 0.475 5080 POHKONG 0.475 UNCH 5 0.475 8.42 2.11 194.9 0.800 0.350 0.650 0.650 5035 KNUSFOR 0.650 -0.080 20 0.650 — — 64.8
1.640 1.198 1.530 1.520 7088 POHUAT 1.520 0.010 30 1.523 5.94 3.95 356.2 1.680 0.910 1.390 1.360 6971 KOBAY 1.390 UNCH 6.7 1.377 9.00 — 141.9
19.200 16.860 18.780 18.560 4065 PPB 18.620 -0.100 1121.5 18.65 24.64 1.50 26,488.8 0.390 0.120 0.300 0.290 7017 KOMARK 0.295 -0.005 4767.7 0.298 — — 48.5
0.464 0.326 — — 7190 PPG 0.350 — — — 39.33 1.43 35.0 4.683 3.580 3.700 3.630 7153 KOSSAN 3.680 UNCH 302.5 3.656 23.47 1.63 4,706.5
0.890 0.700 0.710 0.705 7168 PRG 0.705 -0.005 46 0.705 — — 228.6 2.060 1.168 1.650 1.620 5843 KPS 1.640 -0.010 1368.6 1.635 — 2.59 881.3
0.842 0.495 0.560 0.550 8966 PRLEXUS 0.550 -0.010 92.9 0.554 32.54 2.73 99.2 0.685 0.470 0.515 0.510 9121 KPSCB 0.510 -0.005 36.5 0.513 7.35 — 75.4
0.315 0.210 0.225 0.215 0186 PTRANS 0.225 0.010 4814.5 0.220 8.30 4.22 320.1 5.000 3.665 4.780 4.760 3476 KSENG 4.770 -0.030 15 4.777 47.00 2.10 1,724.2
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 6 Markets FR I DAY M AY 1 0 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

BURSA MAL AYSIA MAIN MARKET

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
0.595 0.285 0.400 0.400 5192 KSSC 0.400 0.005 8.4 0.400 40.40 1.25 38.4 6.388 4.540 5.510 5.450 5225 IHH 5.480 -0.030 5139.9 5.481 85.09 0.55 48,055.7
0.530 0.225 0.385 0.370 6874 KUB 0.375 -0.010 929.3 0.378 — 4.00 208.7 4.683 3.580 3.700 3.630 7153 KOSSAN 3.680 UNCH 302.5 3.656 23.47 1.63 4,706.5
0.520 0.250 — — 8362 KYM 0.360 — — — 15.19 — 54.0 1.837 1.547 1.750 1.710 0002 KOTRA 1.720 0.010 20 1.729 11.72 3.49 247.6
4.120 1.800 3.730 3.720 3794 LAFMSIA 3.730 UNCH 10920 3.720 — — 3,169.4 1.164 0.876 0.980 0.975 5878 KPJ 0.980 UNCH 2349.5 0.980 23.44 2.04 4,348.1
0.615 0.440 0.525 0.510 9326 LBALUM 0.515 -0.015 30 0.514 14.03 1.94 128.0 3.991 2.000 2.430 2.380 7081 PHARMA 2.390 -0.030 90.5 2.395 14.63 6.69 622.6
5.751 3.440 3.500 3.450 5284 LCTITAN 3.480 0.020 1804.8 3.477 13.29 4.89 8,031.1 0.135 0.080 0.110 0.085 0302 SMILE 0.085 -0.015 273 0.095 — 1.41 80.7
0.742 0.400 0.500 0.500 5232 LEONFB 0.500 0.005 219.3 0.500 5.94 3.00 155.0 2.255 1.400 1.510 1.470 7106 SUPERMX 1.490 -0.010 2816.8 1.488 16.74 2.44 2,026.9
0.280 0.100 0.195 0.190 8745 LEWEKO 0.195 0.015 333.2 0.192 — — 62.8 0.835 0.695 0.740 0.730 0101 TMCLIFE 0.730 -0.005 473.9 0.730 42.20 0.25 1,267.6
0.180 0.085 0.130 0.115 7170 LFECORP 0.125 0.010 251.1 0.120 — — 25.6 6.297 4.300 4.810 4.710 7113 TOPGLOV 4.760 -0.050 2953.9 4.737 28.15 1.79 12,188.4
0.775 0.405 — — 8486 LIONFIB 0.445 — — — 17.32 — 103.0 0.430 0.230 — — 0301 TOPVISN 0.430 — — — 37.07 — 109.9
1.300 0.450 0.570 0.560 4235 LIONIND 0.560 -0.010 1131.3 0.563 5.90 — 402.0 3.390 2.384 2.510 2.430 7178 YSPSAH 2.440 -0.060 773 2.462 11.07 2.87 339.0
0.480 0.250 0.335 0.315 9881 LSTEEL 0.325 0.010 392.2 0.326 8.49 — 41.6 FINANCIAL SERVICES
0.115 0.075 0.075 0.075 5068 LUSTER 0.075 UNCH 241 0.075 11.72 — 148.2 4.350 3.678 3.840 3.710 2488 ABMB 3.710 -0.080 3414 3.779 10.70 4.12 5,743.5
0.684 0.486 0.525 0.525 5143 LUXCHEM 0.525 -0.005 87.6 0.525 0.46 4.29 459.6 17.360 12.051 16.300 16.140 5139 AEONCR 16.160 -0.140 102.1 16.18 12.10 2.76 4,054.0
3.426 2.250 — — 9199 LYSAGHT 2.690 — — — 12.03 2.60 111.9 2.574 2.140 2.180 2.160 5185 AFFIN 2.170 0.010 12.9 2.165 8.36 2.30 4,309.7
0.865 0.340 0.520 0.500 5098 MASTEEL 0.505 -0.010 1800.7 0.506 30.98 1.78 215.8 14.760 10.875 13.700 13.420 1163 ALLIANZ 13.600 UNCH 32.7 13.60 8.08 2.94 2,404.0
0.882 0.536 0.795 0.780 7029 MASTER 0.795 0.015 15 0.785 7.54 4.40 43.4 4.640 3.278 4.550 4.410 1015 AMBANK 4.430 -0.120 4230.4 4.453 10.26 3.39 13,352.8
1.300 0.889 1.230 1.220 5152 MBL 1.230 0.010 3.2 1.221 9.04 2.44 126.7 1.240 0.900 — — 5088 APEX 1.020 — — — 25.25 — 217.8
0.830 0.435 — — 7004 MCEHLDG 0.730 — — — — — 32.4 4.750 3.252 4.610 4.500 5258 BIMB 4.580 -0.030 241.6 4.600 11.35 3.38 8,080.4
0.225 0.090 0.150 0.145 3778 MELEWAR 0.150 -0.005 101.8 0.148 — — 53.9 7.839 6.300 6.400 6.330 1818 BURSA 6.360 0.030 450.8 6.367 24.84 4.03 5,135.5
0.700 0.435 — — 5223 MENTIGA 0.570 — — — 11.63 — 39.9 6.728 4.986 5.200 5.120 1023 CIMB 5.130 -0.070 11425 5.144 8.59 4.87 49,901.7
1.760 1.540 — — 6149 METROD 1.760 — — — 23.22 3.41 211.2 0.400 0.240 0.270 0.270 2143 ECM 0.270 -0.005 0.2 0.270 50.94 — 129.6
0.575 0.240 0.265 0.255 5001 MIECO 0.265 0.005 485.1 0.262 — 3.77 139.1 1.480 1.114 1.400 1.400 5228 ELKDESA 1.400 -0.010 33.4 1.400 12.59 5.00 414.9
0.120 0.045 0.065 0.060 7219 MINETEC 0.065 -0.005 53 0.065 — — 59.9 21.497 17.158 19.960 19.500 5819 HLBANK 19.620 -0.240 951.4 19.68 14.81 2.45 42,530.6
0.424 0.244 0.285 0.285 5576 MINHO 0.285 UNCH 145.2 0.285 8.01 1.68 97.1 10.100 7.327 — — 5274 HLCAP 9.600 — — — 31.76 1.98 2,370.2
1.020 0.930 0.950 0.930 5916 MSC 0.935 -0.005 144.8 0.936 9.71 2.14 374.0 20.140 17.251 19.140 18.980 1082 HLFG 19.000 UNCH 452.5 19.01 11.18 2.11 21,802.8
0.105 0.053 0.080 0.075 0043 MTRONIC 0.075 -0.005 2173.2 0.077 — — 72.2 0.900 0.645 0.770 0.745 3379 INSAS 0.755 -0.015 604.2 0.758 9.96 2.65 523.5
2.884 1.500 1.830 1.790 3883 MUDA 1.800 UNCH 141.2 1.811 7.08 2.50 549.1 0.225 0.070 0.085 0.085 3441 JOHAN 0.085 -0.005 5.5 0.085 — — 53.0
0.530 0.225 0.330 0.315 5087 MYCRON 0.315 0.015 368 0.322 32.47 — 103.0 0.759 0.486 0.565 0.555 6483 KENANGA 0.565 0.010 5.3 0.557 35.09 1.95 408.3
0.640 0.335 0.420 0.405 7241 NGGB 0.410 UNCH 582.6 0.410 132.26 — 196.7 2.162 1.540 1.680 1.670 2186 KUCHAI 1.680 0.010 15 1.676 12.90 0.60 207.9
0.290 0.060 0.145 0.135 5025 NWP 0.140 UNCH 558.3 0.140 — — 59.8 16.803 15.250 15.380 15.300 8621 LPI 15.300 -0.040 25.7 15.34 19.13 4.44 6,095.3
0.777 0.563 0.650 0.640 4944 NYLEX 0.650 UNCH 58 0.645 8.92 3.08 126.3 1.070 0.400 1.050 1.040 1198 MAA 1.040 UNCH 676.1 1.040 — 5.77 284.5
0.895 0.539 0.740 0.730 7140 OKA 0.730 UNCH 103.4 0.733 11.13 5.66 179.1 2.870 2.300 — — 1058 MANULFE 2.750 — — — 21.19 2.55 556.5
1.738 0.880 1.050 1.030 5065 ORNA 1.040 -0.010 206.4 1.040 8.21 2.40 78.3 10.091 8.167 9.000 8.960 1155 MAYBANK 8.970 UNCH 11642 8.974 12.10 6.35 99,115.7
0.075 0.045 0.055 0.055 7225 PA 0.055 UNCH 318.6 0.055 — — 102.9 1.197 0.890 0.990 0.975 1171 MBSB 0.980 UNCH 935 0.983 9.29 5.10 6,261.3
0.737 0.467 0.530 0.510 8419 PANSAR 0.530 -0.005 1041.9 0.526 38.13 1.89 244.9 1.927 0.845 0.980 0.960 6459 MNRB 0.970 -0.005 720.1 0.970 6.07 — 744.0
0.625 0.403 0.545 0.535 5125 PANTECH 0.540 -0.005 289.4 0.541 8.49 3.67 404.9 1.370 1.010 1.060 1.040 5237 MPHBCAP 1.040 -0.010 45.7 1.043 60.82 — 743.6
10.004 7.665 8.920 8.800 5183 PCHEM 8.900 -0.020 6055.5 8.860 14.34 3.60 71,200.0 1.005 0.951 0.995 0.985 6009 P&O 0.995 UNCH 29.3 0.988 — 6.28 285.5
1.161 0.651 1.080 1.060 5271 PECCA 1.070 0.010 602 1.069 14.27 5.14 201.2 25.762 21.721 22.440 22.260 1295 PBBANK 22.280 -0.120 5627.1 22.29 15.45 3.10 86,494
5.292 3.473 4.940 4.900 5436 PERSTIM 4.940 -0.010 14.7 4.920 10.60 6.07 490.6 1.720 1.160 1.670 1.660 9296 RCECAP 1.670 UNCH 154.3 1.661 6.01 4.79 603.1
1.770 0.950 1.050 1.030 5219 PESTECH 1.040 UNCH 13.4 1.040 16.20 — 794.9 5.934 4.813 5.870 5.720 1066 RHBBANK 5.750 -0.070 6930.4 5.752 10.02 3.57 23,057.8
19.757 16.378 17.360 17.300 6033 PETGAS 17.300 -0.060 1171.6 17.31 18.91 4.16 34,232.1 0.695 0.531 0.660 0.655 4898 TA 0.660 UNCH 94.6 0.659 14.70 6.21 1,129.9
9.659 6.010 6.700 6.630 3042 PETRONM 6.680 0.060 81.9 6.665 8.03 2.99 1,803.6 6.330 3.223 6.330 6.110 6139 TAKAFUL 6.180 UNCH 891.6 6.202 15.85 2.43 5,109.6
1.350 1.000 — — 3611 PGLOBE 1.050 — — — — — 196.0 1.000 0.525 0.705 0.700 5230 TUNEPRO 0.705 UNCH 239.7 0.702 10.71 4.26 530.0
0.164 0.090 — — 7201 PICORP 0.130 — — — 185.71 3.85 85.5 PROPERTY
1.770 1.205 1.500 1.480 7095 PIE 1.480 UNCH 202.7 1.486 13.18 1.62 568.4 0.340 0.230 — — 7131 ACME 0.255 — — — 17.71 — 60.9
0.325 0.100 — — 7163 PJBUMI 0.210 — — — 17.50 — 17.2 0.714 0.490 0.575 0.570 1007 AMPROP 0.575 0.005 29.9 0.575 7.66 6.96 350.8
4.268 3.081 3.300 3.260 7172 PMBTECH 3.260 -0.040 36.6 3.294 54.33 0.61 526.9 0.349 0.220 0.280 0.280 1007PA AMPROP-PA 0.280 0.010 5.2 0.280 — 7.14 80.3
5.155 3.880 4.570 4.440 8869 PMETAL 4.460 -0.110 1948.1 4.486 28.05 1.46 17,942.6 1.280 0.870 — — 5959 AMVERTON 1.170 — — — 5.65 — 427.1
0.570 0.450 — — 6637 PNEPCB 0.510 — — — — — 67.1 0.650 0.270 — — 7007 ARK 0.320 — — — — — 15.6
0.505 0.260 — — 8117 POLY 0.420 — — — 11.76 — 67.2 0.170 0.110 0.130 0.130 4057 ASIAPAC 0.130 UNCH 928.3 0.130 7.69 — 134.8
0.690 0.390 0.570 0.560 8273 PPHB 0.570 0.010 40.3 0.565 5.66 — 107.5 5.700 4.200 — — 2305 AYER 4.700 — — — 17.46 1.06 351.8
0.946 0.492 0.595 0.585 9873 PRESTAR 0.590 -0.010 118.2 0.590 10.48 2.54 120.9 0.440 0.220 — — 6602 BCB 0.255 — — — 3.50 — 105.2
0.101 0.035 0.070 0.065 7123 PWORTH 0.070 -0.005 10651.8 0.070 — — 286.6 0.630 0.285 0.380 0.375 6173 BDB 0.380 0.010 90 0.377 — — 115.5
0.880 0.705 — — 7544 QUALITY 0.750 — — — — — 43.5 0.310 0.180 — — 9814 BERTAM 0.250 — — — — — 51.7
0.500 0.190 — — 7498 RALCO 0.240 — — — — — 11.1 0.539 0.245 0.310 0.310 3239 BJASSET 0.310 UNCH 53.7 0.310 — — 793.0
0.520 0.210 0.260 0.255 5256 REACH 0.255 UNCH 2309.4 0.255 — — 279.6 1.580 1.001 1.520 1.480 5738 CHHB 1.490 -0.030 16 1.491 4.70 — 410.8
0.340 0.241 — — 7232 RESINTC 0.275 — — — 33.54 9.09 37.7 1.440 1.190 — — 6718 CRESNDO 1.300 — — — 9.72 4.62 364.6
0.245 0.160 0.170 0.165 9954 RGTBHD 0.170 UNCH 143.1 0.169 12.50 — 98.1 1.590 1.108 — — 5049 CVIEW 1.400 — — — 1.87 3.57 140.0
1.377 0.540 0.600 0.600 9741 ROHAS 0.600 UNCH 20 0.600 16.81 3.33 283.6 0.565 0.220 0.445 0.435 3484 DBHD 0.440 -0.005 119.5 0.440 6.78 — 140.1
0.640 0.430 — — 7803 RUBEREX 0.480 — — — 15.74 3.65 121.1 0.100 0.050 — — 7198 DPS 0.085 — — — — — 50.0
4.049 3.580 — — 5134 SAB 3.900 — — — 18.45 1.28 534.0 1.656 0.825 0.865 0.845 3417 E&O 0.850 UNCH 531.7 0.854 19.32 — 1,238.4
8.480 6.289 8.280 8.280 9822 SAM 8.280 0.060 0.1 8.280 14.53 1.69 1,119.2 0.325 0.285 0.300 0.295 3557 ECOFIRS 0.295 -0.005 48 0.295 9.39 — 236.9
1.114 0.595 0.610 0.610 5147 SAMCHEM 0.610 -0.005 157.5 0.610 7.77 4.10 165.9 1.450 0.885 0.900 0.885 8206 ECOWLD 0.900 0.010 557.8 0.892 15.41 — 2,649.9
0.869 0.680 — — 7811 SAPIND 0.710 — — — 12.20 5.63 51.7 0.830 0.345 0.385 0.360 6076 ENCORP 0.385 -0.015 11.8 0.362 — — 118.0
0.570 0.205 0.340 0.330 5170 SCABLE 0.335 -0.005 268 0.337 — — 106.2 2.492 0.882 — — 8613 ENRA 1.440 — — — — 2.08 196.1
1.882 0.970 1.000 0.970 7247 SCGM 0.975 -0.010 157 0.976 86.28 2.82 188.8 0.940 0.550 0.750 0.720 6815 EUPE 0.720 -0.010 94.8 0.730 3.04 — 92.2
0.810 0.300 0.620 0.610 9237 SCIB 0.620 0.005 929.2 0.617 — — 53.2 0.885 0.368 0.710 0.675 7249 EWEIN 0.680 -0.025 4440 0.691 4.88 0.74 205.1
2.031 0.885 1.040 1.020 0099 SCICOM 1.030 -0.010 228 1.038 15.80 8.25 366.1 1.150 0.665 0.710 0.700 5283 EWINT 0.710 UNCH 133.8 0.706 22.90 — 1,704.0
9.377 6.350 8.810 8.600 4731 SCIENTX 8.700 -0.100 343.3 8.738 15.37 2.30 4,482.8 0.445 0.340 — — 6041 FARLIM 0.360 — — — — — 60.6
0.350 0.125 — — 7239 SCNWOLF 0.125 — — — — — 12.0 0.510 0.350 0.370 0.350 5020 GLOMAC 0.360 -0.005 1361.4 0.360 10.56 4.17 288.0
0.600 0.155 0.195 0.190 7073 SEACERA 0.195 0.005 9549.2 0.193 — — 92.6 0.394 0.240 0.315 0.280 9962 GMUTUAL 0.315 -0.010 1.2 0.292 19.69 1.59 118.3
0.260 0.090 0.160 0.150 5145 SEALINK 0.155 -0.005 756.9 0.157 — — 77.5 0.280 0.170 0.180 0.170 1147 GOB 0.180 UNCH 553.9 0.175 — — 81.8
0.485 0.180 0.410 0.410 5163 SEB 0.410 -0.010 10 0.410 — — 32.8 0.255 0.100 0.190 0.185 7077 GSB 0.190 UNCH 599.9 0.186 — — 105.0
1.000 0.750 0.875 0.870 5181 SIGGAS 0.870 -0.005 50 0.872 32.58 0.57 163.1 1.004 0.720 0.750 0.735 1503 GUOCO 0.745 0.005 17.8 0.742 — 2.68 521.8
0.690 0.410 — — 7115 SKBSHUT 0.600 — — — 11.49 — 24.0 1.340 1.200 1.250 1.210 7105 HCK 1.250 -0.020 14.1 1.232 76.69 — 526.8
1.562 0.945 1.340 1.330 7155 SKPRES 1.330 0.010 379 1.332 15.68 3.81 1,662.8 0.755 0.500 — — 7010 HOOVER 0.580 — — — — — 23.2
1.426 0.765 1.210 1.170 7248 SLP 1.190 -0.010 44.4 1.188 14.88 3.99 377.2 0.500 0.300 0.370 0.365 5062 HUAYANG 0.370 UNCH 181.6 0.369 11.08 — 130.2
0.540 0.370 0.415 0.410 7132 SMISCOR 0.410 UNCH 10.9 0.410 — — 18.4 0.534 0.360 0.420 0.415 4251 IBHD 0.415 UNCH 31 0.419 7.50 5.13 420.6
2.036 0.720 0.940 0.920 5665 SSTEEL 0.930 -0.005 24.6 0.932 8.98 3.76 403.3 0.734 0.147 0.680 0.660 5084 IBRACO 0.680 0.020 39.6 0.670 11.20 3.31 337.6
0.230 0.030 — — 7143 STONE 0.030 — — — — — 2.7 1.860 0.550 1.150 1.130 9687 IDEAL 1.130 -0.010 29.6 1.137 2.45 — 341.2
0.990 0.400 — — 6904 SUBUR 0.505 — — — — — 105.5 3.047 2.200 2.710 2.680 5606 IGBB 2.710 0.010 57.3 2.682 7.64 0.74 1,868.7
1.120 0.520 0.945 0.930 7207 SUCCESS 0.930 -0.010 203.7 0.937 43.66 1.08 231.3 1.861 1.210 1.330 1.290 5249 IOIPG 1.300 -0.020 9364.8 1.301 9.44 3.85 7,158.0
1.720 1.318 1.680 1.660 5211 SUNWAY 1.680 UNCH 1196 1.674 12.74 3.24 8,274.5 0.344 0.190 0.190 0.190 5175 IVORY 0.190 UNCH 112 0.190 — 13.16 93.1
1.554 0.984 1.080 1.060 7235 SUPERLN 1.060 -0.020 76 1.068 16.85 2.17 169.6 1.320 0.365 0.960 0.920 1589 IWCITY 0.925 -0.030 21941 0.934 — — 774.6
2.255 1.400 1.510 1.470 7106 SUPERMX 1.490 -0.010 2816.8 1.488 16.74 2.44 2,026.9 0.380 0.250 — — 8923 JIANKUN 0.315 — — — 63.00 — 52.6
0.360 0.180 0.255 0.255 5149 TAS 0.255 UNCH 10 0.255 26.84 — 45.9 0.100 0.070 0.080 0.080 6769 JKGLAND 0.080 UNCH 58.8 0.080 88.89 1.25 182.0
8.280 4.050 5.370 5.100 4448 TASEK 5.110 -0.370 285.3 5.163 — — 631.7 0.125 0.070 0.095 0.090 3115 KBUNAI 0.095 0.005 944.7 0.090 27.14 — 548.8
0.675 0.405 0.530 0.520 7097 TAWIN 0.520 -0.005 128.1 0.522 — — 41.4 0.940 0.555 0.630 0.630 7323 KEN 0.630 -0.020 5 0.630 4.69 2.38 120.8
1.020 0.705 0.720 0.710 5289 TECHBND 0.715 0.005 95 0.718 — — 164.5 1.040 0.675 0.850 0.850 5038 KSL 0.850 UNCH 20 0.850 3.84 — 881.9
0.905 0.580 — — 8702 TEXCHEM 0.620 — — — — 16.13 76.9 0.189 0.130 0.155 0.150 3174 L&G 0.155 UNCH 705.5 0.153 14.76 9.68 460.8
3.080 2.070 2.800 2.680 7034 TGUAN 2.710 -0.060 131.6 2.726 8.45 2.95 372.2 1.030 0.630 0.990 0.990 8494 LBICAP 0.990 0.015 25.8 0.990 23.13 3.03 81.3
1.600 1.040 1.390 1.390 7374 TIENWAH 1.390 -0.010 50 1.390 — 5.76 201.2 0.954 0.580 0.595 0.585 5789 LBS 0.585 -0.010 478.4 0.590 10.58 3.08 912.2
0.700 0.410 — — 7854 TIMWELL 0.580 — — — 8.15 3.45 51.6 0.405 0.250 0.255 0.250 3573 LIENHOE 0.255 0.005 39.7 0.250 — — 92.2
0.850 0.430 0.515 0.495 7285 TOMYPAK 0.495 -0.015 275.3 0.500 — 0.61 207.8 1.150 0.815 — — 7617 MAGNA 0.915 — — — — — 306.4
4.230 3.390 3.400 3.390 5010 TONGHER 3.390 UNCH 16.2 3.394 8.59 5.90 533.7 1.242 0.890 0.965 0.955 8583 MAHSING 0.960 0.005 388.3 0.961 12.26 4.69 2,330.6
6.297 4.300 4.810 4.710 7113 TOPGLOV 4.760 -0.050 2953.9 4.737 28.15 1.79 12,188.4 0.764 0.390 0.580 0.565 6181 MALTON 0.565 -0.010 2335.7 0.572 33.83 3.54 298.4
1.040 0.503 0.735 0.725 7173 TOYOINK 0.735 0.025 11 0.733 22.62 1.36 78.6 2.045 1.717 1.940 1.930 5236 MATRIX 1.940 0.010 77.3 1.938 7.39 6.70 1,460.5
0.840 0.620 0.760 0.745 5167 TURBO 0.760 -0.030 100.3 0.752 12.54 2.63 82.1 1.874 1.443 1.580 1.580 7189 MBWORLD 1.580 UNCH 12.1 1.580 5.09 6.33 248.7
3.070 2.360 2.800 2.730 7100 UCHITEC 2.750 UNCH 171.6 2.747 17.85 5.09 1,239.6 0.870 0.365 0.390 0.365 5182 MCT 0.380 -0.005 1514.2 0.384 2.40 — 553.7
1.164 0.385 0.785 0.725 7133 ULICORP 0.735 -0.020 2027.1 0.746 56.11 — 160.1 0.545 0.340 0.390 0.375 1694 MENANG 0.390 0.020 13.1 0.375 15.73 — 187.5
2.638 1.910 — — 7137 UMS 2.020 — — — 16.92 2.97 82.2 0.500 0.265 0.275 0.265 5040 MERIDIAN 0.265 -0.010 1579.4 0.269 — — 130.5
1.068 0.786 — — 7227 UMSNGB 0.920 — — — 8.99 3.26 73.6 0.370 0.190 0.240 0.235 8141 MJPERAK 0.240 UNCH 57.1 0.239 20.17 — 61.7
1.190 0.882 1.090 1.080 7091 UNIMECH 1.090 -0.010 249.1 1.087 7.69 3.49 173.1 1.468 1.110 1.320 1.310 6114 MKH 1.320 UNCH 16.4 1.316 9.73 2.65 774.2
0.750 0.315 0.325 0.320 4995 VERSATL 0.325 UNCH 119 0.322 — — 46.1 0.280 0.165 0.190 0.185 8893 MKLAND 0.185 UNCH 570.5 0.187 10.88 — 223.3
1.928 0.610 1.070 1.040 6963 VS 1.070 0.010 4752.3 1.055 13.39 3.46 1,943.8 0.105 0.020 — — 6548 MPCORP 0.045 — — — — — 12.9
1.630 0.595 0.715 0.710 5142 WASEONG 0.715 UNCH 67.7 0.713 8.53 — 554.0 1.150 0.534 1.020 0.985 1651 MRCB 1.000 -0.020 5550.6 0.996 58.14 1.75 4,399.9
0.950 0.260 — — 7226 WATTA 0.800 — — — — — 67.6 0.550 0.390 — — 9539 MUH 0.490 — — — — — 27.6
1.344 1.104 1.280 1.270 7231 WELLCAL 1.270 -0.020 45 1.275 19.01 4.17 632.4 0.295 0.170 0.205 0.195 3913 MUIPROP 0.205 0.005 4468.4 0.200 18.98 — 156.6
0.655 0.460 — — 7692 WIDETEC 0.490 — — — 12.37 — 21.9 1.440 0.430 1.040 1.000 5073 NAIM 1.010 -0.020 1912.2 1.011 3.68 — 518.9
0.853 0.475 0.500 0.490 7050 WONG 0.490 -0.010 28.7 0.495 11.58 — 56.2 2.280 1.883 — — 5827 OIB 2.030 — — — 5.52 3.45 314.4
0.830 0.500 0.790 0.720 7025 WOODLAN 0.790 0.010 7.3 0.737 16.84 — 31.6 0.997 0.809 0.940 0.935 5053 OSK 0.940 -0.005 12.5 0.939 5.64 5.32 1,969.6
1.880 1.020 1.180 1.160 5009 WTHORSE 1.180 -0.010 12.2 1.168 — 5.93 283.2 2.260 1.769 2.110 2.110 1724 PARAMON 2.110 0.010 4.4 2.110 9.83 4.03 914.4
0.756 0.415 0.620 0.610 4243 WTK 0.615 -0.005 534.2 0.615 3.75 1.63 296.0 0.565 0.300 — — 6912 PASDEC 0.345 — — — — — 138.1
0.500 0.160 0.235 0.230 7245 WZSATU 0.230 -0.005 537.1 0.231 — 6.52 107.0 0.040 0.015 0.025 0.020 4464 PHB 0.020 UNCH 2850 0.025 — — 36.0
0.010 0.005 — — 7122 YFG 0.005 — — — — — 3.0 1.770 1.070 — — 7055 PLB 1.140 — — — — — 128.1
0.760 0.545 0.630 0.630 5048 YILAI 0.630 UNCH 15.7 0.630 — — 91.7 1.595 1.353 — — 5075 PLENITU 1.480 — — — 11.75 3.04 564.7
0.270 0.090 0.115 0.115 7020 YKGI 0.115 0.005 20 0.115 — — 40.3 6.150 5.210 5.900 5.760 7765 RAPID 5.760 -0.100 1305 5.848 1086.7 — 615.7
0.445 0.200 0.255 0.255 7014 YLI 0.255 -0.015 0.2 0.255 — — 26.3 1.120 0.585 0.650 0.640 4596 SAPRES 0.645 -0.020 88 0.643 — — 90.0
CONSTRUCTION 0.630 0.400 0.490 0.460 5207 SBCCORP 0.490 0.005 63.2 0.464 12.07 — 126.5
0.627 0.241 0.410 0.405 5281 ADVCON 0.405 -0.010 409.7 0.407 15.34 2.47 163.1 0.930 0.600 0.695 0.685 2224 SDRED 0.685 -0.025 8 0.691 27.18 3.65 291.9
0.620 0.274 0.460 0.445 7078 AZRB 0.450 -0.010 1192.5 0.451 18.37 1.98 269.1 0.430 0.285 0.345 0.330 4286 SEAL 0.345 0.010 41.5 0.337 3.39 — 83.8
0.325 0.155 0.190 0.185 5190 BENALEC 0.190 UNCH 1224.5 0.190 — 2.11 163.7 2.524 2.108 — — 6017 SHL 2.320 — — — 8.39 10.34 561.7
0.385 0.165 0.195 0.190 5932 BPURI 0.190 UNCH 629 0.191 73.08 — 72.6 1.459 0.897 1.110 1.050 5288 SIMEPROP 1.050 -0.060 5539.8 1.080 — 1.90 7,140.9
0.837 0.725 0.760 0.760 8761 BREM 0.760 -0.010 104.6 0.760 58.02 2.63 262.6 0.240 0.135 — — 4375 SMI 0.155 — — — 7.60 — 32.5
1.210 0.790 1.100 1.080 8591 CRESBLD 1.100 0.020 193 1.084 2.66 4.09 194.6 0.620 0.320 0.345 0.335 5213 SNTORIA 0.335 0.015 50 0.337 8.93 — 190.0
1.840 1.574 — — 7528 DKLS 1.680 — — — 28.52 1.79 155.7 6.280 3.950 — — 1783 SPB 6.270 — — — 34.83 1.91 2,154.5
1.035 0.360 0.700 0.660 5253 ECONBHD 0.670 -0.020 18573 0.675 37.85 2.39 896.1 3.175 1.887 2.190 2.100 8664 SPSETIA 2.100 -0.090 2019.8 2.149 14.17 4.07 8,468.2
1.040 0.411 0.905 0.865 8877 EKOVEST 0.875 -0.025 39694.2 0.882 17.47 1.14 1,886.4 1.200 0.580 0.700 0.680 3743 SUNSURIA 0.690 0.010 64.5 0.689 6.03 — 596.1
0.608 0.300 0.455 0.435 7047 FAJAR 0.440 -0.005 1543 0.442 11.73 3.41 164.5 0.695 0.320 0.425 0.425 1538 SYMLIFE 0.425 UNCH 100 0.425 2.52 — 250.9
0.960 0.475 0.855 0.815 9261 GADANG 0.825 -0.040 6088 0.832 7.59 3.64 545.9 0.295 0.165 0.260 0.250 4022 TADMAX 0.250 -0.010 954.4 0.257 44.64 — 195.9
4.894 1.948 3.330 3.260 5398 GAMUDA 3.280 -0.040 11206.7 3.290 18.16 3.66 8,097.5 0.330 0.240 0.265 0.260 5158 TAGB 0.265 UNCH 602.5 0.262 9.11 6.04 1,410.3
1.540 0.580 1.440 1.380 5226 GBGAQRS 1.390 -0.050 1369 1.398 10.77 3.00 687.5 0.055 0.025 0.045 0.040 2259 TALAMT 0.040 UNCH 1311 0.040 — — 168.8
3.673 0.717 1.180 1.150 3204 GKENT 1.150 -0.010 2050.8 1.161 7.57 4.35 647.8 1.023 0.682 0.800 0.795 5191 TAMBUN 0.800 -0.010 104.9 0.800 6.25 8.38 346.8
0.595 0.280 0.570 0.525 5169 HOHUP 0.560 0.025 3450.9 0.548 7.66 — 209.9 0.112 0.045 0.050 0.045 2429 TANCO 0.045 UNCH 60.1 0.046 — — 32.9
1.610 1.272 1.430 1.430 6238 HSL 1.430 -0.040 12.7 1.430 14.62 1.68 833.2 0.485 0.168 0.225 0.225 7889 THRIVEN 0.225 UNCH 41.9 0.225 5.43 — 123.1
2.623 1.373 2.170 2.070 3336 IJM 2.070 -0.090 6478.3 2.129 39.73 2.42 7,526.1 0.120 0.030 0.040 0.035 7079 TIGER 0.040 UNCH 11407.6 0.040 — — 50.8
0.370 0.090 0.190 0.175 5268 IKHMAS 0.180 -0.010 2536.4 0.179 — — 98.2 0.455 0.285 0.300 0.295 5239 TITIJYA 0.300 UNCH 850.5 0.297 6.99 0.83 403.3
0.630 0.444 — — 8834 IREKA 0.580 — — — — 3.45 108.3 0.898 0.778 0.875 0.865 5401 TROP 0.865 -0.010 248.3 0.867 7.42 3.21 1,271.9
1.560 0.405 0.800 0.710 4723 JAKS 0.770 0.040 21601 0.763 23.69 — 450.2 1.020 0.620 0.900 0.880 5148 UEMS 0.885 -0.005 1971.9 0.888 14.73 1.13 4,015.6
1.735 0.990 1.300 1.260 7161 KERJAYA 1.260 -0.020 341.8 1.271 11.32 2.78 1,564.9 2.490 1.840 2.350 2.260 5200 UOADEV 2.350 UNCH 1584.8 2.341 11.12 6.38 4,335.4
1.960 1.000 1.410 1.370 5171 KIMLUN 1.370 -0.020 31.9 1.381 7.23 4.01 454.7 0.235 0.105 0.110 0.110 6378 WMG 0.110 -0.005 139.2 0.110 — — 46.9
1.060 0.735 — — 9628 LEBTECH 0.845 — — — 1207.1 — 115.3 0.955 0.910 — — 7003 Y&G 0.910 — — — 16.40 — 181.4
0.666 0.426 0.500 0.460 5129 MELATI 0.460 0.005 12 0.465 23.00 2.17 55.2 1.750 1.040 1.650 1.590 3158 YNHPROP 1.650 0.030 4682.9 1.619 56.12 0.42 872.8
1.355 0.770 — — 8192 MERCURY 0.795 — — — 22.33 5.03 31.9 1.550 0.300 0.360 0.355 7066 YONGTAI 0.355 -0.005 2558.7 0.357 — — 189.6
1.810 0.240 1.720 1.640 5006 MERGE 1.650 -0.070 70 1.690 — — 110.6 0.500 0.370 0.390 0.380 2577 YTLLAND 0.390 UNCH 46 0.382 — — 329.3
1.260 0.665 0.790 0.790 7595 MGB 0.790 -0.005 10 0.790 12.17 — 392.8 TRANSPORTATION & LOGISTICS
0.595 0.225 0.380 0.375 9571 MITRA 0.375 -0.005 1036.2 0.376 6.39 4.00 336.1 9.926 6.600 7.290 7.180 5014 AIRPORT 7.200 -0.100 3614.7 7.205 17.84 1.94 11,946.2
0.230 0.115 — — 5924 MTDACPI 0.165 — — — — — 38.2 1.841 1.180 1.280 1.240 8133 BHIC 1.280 0.030 1 1.276 — 2.73 318.0
0.720 0.265 0.305 0.300 5085 MUDAJYA 0.300 -0.010 464 0.302 — — 181.6 5.835 4.345 — — 5032 BIPORT 4.920 — — — 15.94 2.85 2,263.2
3.200 2.630 2.790 2.710 5703 MUHIBAH 2.720 -0.030 458.9 2.737 9.03 2.76 1,315.9 0.460 0.320 0.330 0.330 7187 CHGP 0.330 -0.010 10 0.330 16.42 — 98.0
0.440 0.220 0.310 0.300 7071 OCR 0.310 UNCH 603.1 0.309 — — 99.9 0.784 0.385 0.420 0.420 7117 CJCEN 0.420 UNCH 117 0.420 16.87 1.79 165.6
0.900 0.730 — — 5622 PEB 0.840 — — — 0.42 — 58.1 0.930 0.535 0.810 0.810 5136 COMPLET 0.810 -0.010 5 0.810 8.78 — 101.6
0.365 0.170 0.245 0.240 8311 PESONA 0.240 -0.005 268.4 0.241 20.17 4.17 166.8 0.605 0.310 0.475 0.465 5259 EATECH 0.465 -0.010 688.1 0.470 3.16 — 234.4
0.720 0.190 0.275 0.265 5070 PRTASCO 0.270 UNCH 1273.8 0.270 — 18.78 133.8 0.767 0.505 0.650 0.630 7210 FREIGHT 0.630 -0.030 150.3 0.638 10.00 5.29 175.9
0.165 0.095 0.120 0.120 7145 PSIPTEK 0.120 UNCH 330 0.120 24.49 — 41.8 0.535 0.255 0.305 0.300 0078 GDEX 0.300 0.005 1730.1 0.300 62.50 0.67 1,692.4
2.863 2.050 2.550 2.520 9598 PTARAS 2.520 -0.050 21 2.537 28.09 7.94 418.0 0.450 0.270 0.315 0.270 7676 GUNUNG 0.270 -0.020 484.5 0.298 — — 63.8
0.689 0.315 0.365 0.365 6807 PUNCAK 0.365 UNCH 176.6 0.365 — 1.37 164.0 0.760 0.641 0.680 0.680 2062 HARBOUR 0.680 -0.030 2.2 0.680 7.40 1.47 272.3
1.090 0.455 0.475 0.465 5205 SENDAI 0.465 -0.005 1350.7 0.468 4.98 — 363.2 0.105 0.030 0.055 0.050 7013 HUBLINE 0.055 UNCH 415 0.052 42.31 — 210.0
2.307 1.272 2.040 1.980 5263 SUNCON 1.980 -0.060 76.8 2.007 17.68 3.54 2,559.9 0.790 0.375 — — 5614 ILB 0.385 — — — — — 75.1
0.285 0.210 0.240 0.235 9717 SYCAL 0.240 0.005 34 0.235 34.78 — 99.9 5.586 3.437 4.300 4.250 6645 LITRAK 4.270 0.010 58.3 4.274 9.81 5.85 2,254.6
0.765 0.405 0.700 0.695 5054 TRC 0.695 -0.005 252.9 0.697 15.98 2.73 333.9 0.155 0.055 0.085 0.080 5078 M&G 0.080 -0.005 105 0.080 — 62.50 57.9
0.595 0.295 — — 5042 TSRCAP 0.505 — — — — — 88.1 0.715 0.410 0.590 0.580 5077 MAYBULK 0.590 0.010 465 0.587 2.24 — 590.0
0.400 0.180 — — 0301 UNIWALL 0.400 — — — 25.00 0.05 146.3 7.220 4.852 6.780 6.660 3816 MISC 6.740 -0.060 1306.3 6.719 22.93 4.45 30,086.0
1.170 0.770 1.050 1.010 7070 VIZIONE 1.020 -0.020 1244.4 1.028 8.04 — 573.5 1.720 0.810 1.040 1.000 2194 MMCCORP 1.030 0.020 3607.3 1.023 14.05 3.88 3,136.4
0.935 0.465 0.555 0.545 3565 WCEHB 0.550 -0.005 429 0.549 64.71 — 551.5 0.400 0.200 — — 9806 NATWIDE 0.310 — — — — — 38.2
1.255 0.660 1.040 0.985 9679 WCT 0.990 -0.020 7490 1.013 12.44 3.03 1,402.4 0.065 0.025 0.035 0.030 6254 PDZ 0.035 0.005 55.1 0.030 — — 23.9
0.570 0.150 0.275 0.265 7028 ZECON 0.265 -0.010 257 0.269 3.14 — 34.7 4.371 1.550 1.800 1.770 4634 POS 1.790 0.020 250.8 1.786 314.04 4.47 1,401.2
0.125 0.025 0.090 0.080 2283 ZELAN 0.090 0.005 986.3 0.085 — — 76.0 0.970 0.295 0.470 0.470 8346 PRKCORP 0.470 0.010 6.4 0.470 — — 47.0
HEALTH CARE 0.260 0.090 0.160 0.150 5145 SEALINK 0.155 -0.005 756.9 0.157 — — 77.5
0.605 0.350 0.450 0.450 7191 ADVENTA 0.450 -0.005 37.4 0.450 — — 68.8 1.273 0.890 — — 7053 SEEHUP 0.890 — — — — 3.54 71.6
9.830 5.387 8.590 8.480 7090 AHEALTH 8.510 -0.090 37.1 8.513 17.03 1.59 1,002.3 1.535 1.203 1.390 1.370 6521 SURIA 1.370 -0.010 56.1 1.380 9.73 3.96 473.8
1.463 0.925 1.350 1.310 7148 DPHARMA 1.310 -0.040 652.7 1.342 18.07 3.11 867.1 0.405 0.240 0.320 0.310 5173 SYSCORP 0.320 UNCH 281 0.315 68.09 — 384.0
7.339 4.520 4.950 4.800 5168 HARTA 4.880 -0.070 6077.7 4.867 35.52 1.74 16,326.3 0.360 0.180 0.255 0.255 5149 TAS 0.255 UNCH 10 0.255 26.84 — 45.9
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
FRIDAY M AY 1 0 , 20 1 9 • T HE E DG E FINA NCIA L DA ILY
Markets 2 7
BURSA MAL AYSIA MAIN MARKET . ACE MARKET

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
1.967 0.990 1.390 1.380 5140 TASCO 1.390 UNCH 10 1.389 17.40 3.60 278.0 0.865 0.495 0.730 0.705 5186 MHB 0.710 -0.025 443 0.716 — 4.23 1,136.0
1.160 0.540 0.580 0.565 8397 TNLOGIS 0.565 -0.010 314.6 0.566 14.87 — 260.3 1.260 0.315 0.880 0.810 5133 PENERGY 0.815 -0.065 1677.7 0.828 — 2.45 262.2
1.150 0.430 0.540 0.490 7218 TOCEAN 0.515 -0.025 57.3 0.493 147.14 — 21.1 0.540 0.175 0.375 0.360 7108 PERDANA 0.365 -0.005 4671.6 0.366 — — 284.1
4.000 2.995 3.700 3.640 5246 WPRTS 3.650 UNCH 2478.6 3.666 22.66 3.21 12,446.5 0.065 0.005 — — 0047 PERISAI 0.005 — — — — — 6.3
1.120 0.620 0.790 0.760 5267 XINHWA 0.790 -0.005 25.7 0.764 32.51 1.27 170.6 9.659 6.010 6.700 6.630 3042 PETRONM 6.680 0.060 81.9 6.665 8.03 2.99 1,803.6
PLANTATION 0.520 0.210 0.260 0.255 5256 REACH 0.255 UNCH 2309.4 0.255 — — 279.6
0.210 0.140 0.155 0.155 7054 AASIA 0.155 -0.005 110 0.155 — — 102.3 0.910 0.255 0.325 0.315 5218 SAPNRG 0.320 -0.005 30467.6 0.320 — — 5,113.3
17.815 15.827 — — 1899 BKAWAN 16.800 — — — 15.86 3.27 7,324.0 0.145 0.040 0.105 0.100 7158 SCOMI 0.100 -0.005 1689 0.101 — — 109.4
8.000 6.660 — — 5069 BLDPLNT 6.660 — — — — 0.45 622.7 0.140 0.030 0.105 0.100 7045 SCOMIES 0.100 -0.010 1393.4 0.101 — — 234.2
1.295 0.655 0.790 0.780 5254 BPLANT 0.785 0.005 141.3 0.785 — 8.92 1,758.4 4.223 2.995 4.030 3.990 5279 SERBADK 4.030 0.030 2273.1 4.007 15.00 1.99 5,918.1
0.770 0.517 0.590 0.580 8982 CEPAT 0.580 -0.020 65.9 0.582 33.72 2.59 184.7 0.060 0.005 0.010 0.010 1201 SUMATEC 0.010 UNCH 6654.3 0.010 — — 42.5
7.833 6.343 — — 1929 CHINTEK 6.600 — — — 11.23 2.73 603.0 0.585 0.300 0.490 0.480 7228 T7GLOBAL 0.480 -0.010 360.3 0.484 28.40 — 221.1
0.521 0.394 0.450 0.450 3948 DUTALND 0.450 UNCH 442.6 0.450 56.25 — 380.8 0.080 0.025 0.055 0.055 7206 THHEAVY 0.055 -0.005 1695.4 0.055 — — 61.7
3.459 2.650 — — 5029 FAREAST 2.800 — — — 60.61 1.07 1,662.7 1.510 0.550 0.810 0.790 7250 UZMA 0.800 -0.010 478.3 0.800 14.60 — 256.0
2.000 0.630 1.220 1.200 5222 FGV 1.210 UNCH 5280.8 1.211 — 4.34 4,414.3 0.325 0.165 0.295 0.280 5243 VELESTO 0.285 0.005 15527.6 0.287 — — 2,341.4
10.780 9.002 10.300 10.200 2291 GENP 10.280 -0.040 544.5 10.28 50.10 1.26 8,326.6 1.630 0.595 0.715 0.710 5142 WASEONG 0.715 UNCH 67.7 0.713 8.53 — 554.0
0.530 0.335 0.410 0.410 7382 GLBHD 0.410 0.010 100 0.410 — 2.44 91.4 4.990 3.958 4.810 4.700 7293 YINSON 4.800 0.020 730.1 4.768 22.01 1.25 5,248.7
1.100 0.550 0.710 0.710 2135 GOPENG 0.710 -0.020 3 0.710 355.00 3.52 191.0
0.800 0.340 0.650 0.630 7501 HARNLEN 0.650 -0.015 62.9 0.633 — — 120.6
2.464 1.601 1.670 1.620 5138 HSPLANT 1.670 UNCH 7.4 1.641 45.88 1.50 1,336.0
2.610 1.300 1.580 1.550 2216 IJMPLNT 1.550 -0.030 6.3 1.555 — 3.23 1,364.9
0.694 0.580 0.605 0.595 2607 INCKEN 0.605 -0.005 78.1 0.598 — 1.77 254.6
0.864 0.605 0.760 0.735 6262 INNO 0.735 -0.020 16 0.752 34.67 1.36 352.0
4.715 4.064 4.440 4.350 1961 IOICORP 4.350 -0.060 2566.1 4.363 38.56 1.84 27,338.2
0.866 0.430 0.565
25.780 22.832 24.860 24.540
0.560 4383
2445
JTIASA
KLK
0.560
24.640
-0.005
-0.060
404.8
1191.2
0.562 —
24.69 38.36
0.89
1.83
545.3
26,303.3 Ace Market
4.239 3.100 — — 2453 KLUANG 3.250 — — — — 0.30 205.3 YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
1.338 1.130 1.200 1.180 5027 KMLOONG 1.190 0.010 96.4 1.199 21.29 5.04 1,113.1 HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
0.835 0.365 0.400 0.390 1996 KRETAM 0.390 -0.015 682.4 0.393 — — 907.8
1.450 0.780 0.800 0.785 6572 KWANTAS 0.785 -0.025 4.8 0.798 — — 244.7 CONSUMER PRODUCTS & SERVICES
0.950 0.760 — — 4936 MALPAC 0.860 — — — — 11.63 64.5 0.740 0.325 0.655 0.620 0098 BAHVEST 0.640 0.015 5114 0.639 32.82 — 783.1
0.795 0.560 0.615 0.610 5026 MHC 0.615 -0.005 40 0.614 27.09 3.25 120.9 0.275 0.195 0.210 0.205 0179 BIOHLDG 0.205 Unch 1605.6 0.205 14.14 0.54 176.3
2.000 1.690 — — 5047 NPC 1.800 — — — — 0.56 216.0 0.350 0.175 0.180 0.175 0205 DPIH 0.180 Unch 1070.9 0.180 5.77 — 87.6
3.712 3.110 3.390 3.370 2038 NSOP 3.390 0.030 5.6 3.383 14.12 1.77 238.0 0.180 0.095 0.115 0.105 0116 FOCUS 0.115 Unch 14888.3 0.110 — — 234.9
0.690 0.140 0.365 0.350 1902 PINEPAC 0.355 UNCH 223.2 0.352 — — 53.2 0.445 0.160 0.420 0.410 0157 FOCUSP 0.420 0.010 431.4 0.413 9.77 3.57 69.3
1.310 0.650 0.940 0.895 9695 PLS 0.900 -0.045 2129.8 0.922 — — 315.6 0.150 0.085 — — 0074 GOCEAN 0.100 — — — — — 29.0
0.330 0.140 0.225 0.215 5113 RSAWIT 0.215 -0.005 1825.6 0.220 — — 305.0 0.140 0.035 0.045 0.040 0170 KANGER 0.045 Unch 52 0.042 — — 40.2
3.954 2.750 — — 2542 RVIEW 3.000 — — — 71.43 2.00 194.6 0.205 0.125 0.185 0.175 0180 KTC 0.175 -0.010 31.9 0.179 — — 89.3
3.178 2.740 — — 2569 SBAGAN 3.000 — — — — 0.67 199.0 0.190 0.105 0.110 0.105 0182 LKL 0.105 -0.005 306 0.107 — — 45.0
0.500 0.240 0.320 0.320 4316 SHCHAN 0.320 UNCH 10 0.320 — — 42.2 0.300 0.100 0.175 0.130 0140 MACPIE 0.155 0.030 42001 0.158 — — 49.8
5.468 3.934 5.050 4.950 5285 SIMEPLT 4.990 -0.060 2801.6 4.991 63.81 2.06 34,354.0 0.773 0.277 0.470 0.465 0201 NOVA 0.465 -0.005 65 0.466 18.09 1.08 147.8
3.680 1.960 2.550 2.500 5126 SOP 2.550 0.030 0.9 2.522 23.27 1.96 1,455.7 0.200 0.110 — — 0153 OVERSEA 0.120 — — — — — 29.6
1.900 1.420 — — 5135 SWKPLNT 1.590 — — — 39.75 — 445.2 0.145 0.070 0.070 0.070 0022 PARLO 0.070 Unch 3 0.070 — — 25.5
3.067 1.882 — — 5012 TAANN 2.320 — — — 13.61 4.31 1,032.0 0.400 0.195 0.215 0.205 0171 PLABS 0.205 -0.005 1259.5 0.206 11.33 2.93 44.0
0.372 0.145 0.200 0.190 2054 TDM 0.195 UNCH 3881.2 0.193 — 2.56 328.1 0.560 0.433 0.530 0.530 0158 SCC 0.530 Unch 4.3 0.530 10.64 6.42 74.8
0.745 0.455 0.510 0.510 5112 THPLANT 0.510 -0.005 46.4 0.510 — 7.06 450.8 0.280 0.120 — — 0148 SUNZEN 0.120 — — — — 2.50 64.2
1.269 0.960 1.010 0.995 9059 TSH 1.010 UNCH 22.6 0.999 34.47 0.99 1,395.6 0.393 0.214 0.300 0.295 0197 WEGMANS 0.300 Unch 436.5 0.297 12.30 1.67 150.0
6.505 5.101 5.300 5.250 2593 UMCCA 5.300 0.050 1083.6 5.300 — 1.51 1,111.4 0.055 0.015 0.025 0.020 0095 XINGHE 0.025 Unch 2790.5 0.025 — — 64.4
27.000 24.006 26.740 26.660 2089 UTDPLT 26.740 0.060 10.4 26.68 16.40 1.50 5,565.5 INDUSTRIAL PRODUCTS & SERVICES
TELECOMMUNICATIONS & MEDIA 0.300 0.210 — — 0122 AIM 0.270 — — — — — 71.8
0.180 0.075 — — 0159 AMEDIA 0.135 — — — — — 32.3 0.104 0.060 0.070 0.060 0105 ASIAPLY 0.070 0.005 400.3 0.065 — 7.14 31.6
0.700 0.610 0.655 0.655 7031 AMTEL 0.655 UNCH 1 0.655 42.53 — 35.5 0.085 0.045 0.050 0.050 0072 AT 0.050 Unch 141.7 0.050 — — 23.2
1.864 1.013 1.390 1.370 6399 ASTRO 1.390 UNCH 251.6 1.385 15.62 6.47 7,247.9 0.250 0.140 0.180 0.180 0187 BCMALL 0.180 Unch 193 0.180 9.09 1.11 75.8
5.198 3.161 4.540 4.460 6888 AXIATA 4.480 -0.080 6477.1 4.513 — 2.12 40,670 0.260 0.155 0.165 0.160 0163 CAREPLS 0.160 Unch 24.5 0.160 — — 85.0
0.375 0.120 0.150 0.150 6025 BJMEDIA 0.150 -0.030 1 0.150 — — 35.3 0.180 0.080 0.085 0.080 0102 CONNECT 0.085 -0.010 256.1 0.080 — — 28.0
5.040 3.803 4.830 4.750 6947 DIGI 4.790 -0.020 16106.4 4.800 24.90 3.97 37,242.3 0.346 0.170 0.210 0.210 0190 ESAFE 0.210 0.005 10 0.210 60.00 8.57 50.5
0.405 0.180 0.240 0.235 0059 ECOHLDS 0.240 0.005 129.6 0.236 — — 39.1 0.237 0.105 0.145 0.140 0100 ESCERAM 0.140 0.005 62.5 0.141 — 4.29 28.8
0.450 0.280 0.355 0.345 0082 GPACKET 0.355 UNCH 736.3 0.351 — — 322.7 0.565 0.336 0.465 0.450 0039 GFM 0.460 Unch 1060.2 0.457 26.14 2.39 216.6
5.782 5.055 5.520 5.360 6012 MAXIS 5.360 -0.160 2799.1 5.389 25.16 3.73 41,897.3 0.235 0.105 0.115 0.105 0175 HHGROUP 0.115 Unch 21 0.108 — — 39.1
0.600 0.250 0.445 0.435 4502 MEDIA 0.435 -0.015 125.3 0.437 8.24 — 482.5 0.125 0.080 — — 0160 HHHCORP 0.095 — — — 16.10 — 31.7
0.309 0.181 0.205 0.200 5090 MEDIAC 0.200 -0.005 210 0.202 0.88 7.55 337.4 0.280 0.115 0.135 0.125 0188 HLT 0.135 0.010 176.5 0.128 — — 69.1
0.800 0.400 0.500 0.475 0172 OCK 0.480 UNCH 3257.9 0.485 17.27 2.08 418.3 0.085 0.035 0.050 0.045 0024 JAG 0.050 Unch 2627.7 0.045 41.67 3.80 75.8
0.464 0.326 — — 7190 PPG 0.350 — — — 39.33 1.43 35.0 0.297 0.181 0.215 0.210 0193 KAB 0.215 Unch 110.5 0.211 8.02 4.65 72.0
0.475 0.195 0.200 0.195 5252 SASBADI 0.195 -0.005 2578.7 0.198 114.71 — 81.7 0.170 0.085 — — 0167 MCLEAN 0.145 — — — — — 25.9
0.860 0.510 — — 9431 SJC 0.580 — — — — — 23.5 0.260 0.105 0.115 0.115 0081 MEGASUN 0.115 0.005 264.6 0.115 23.00 — 28.8
1.232 0.597 0.700 0.690 6084 STAR 0.700 -0.005 155.3 0.695 100.00 4.29 517.0 0.140 0.045 0.050 0.050 0177 PASUKGB 0.050 Unch 290 0.050 — — 40.7
9.090 6.890 9.040 8.900 5031 TIMECOM 8.950 -0.050 233.6 8.972 18.06 1.03 5,224.1 0.260 0.120 0.135 0.130 0038 PTB 0.130 Unch 10.1 0.130 — — 24.2
5.069 2.097 2.850 2.760 4863 TM 2.770 -0.040 1704 2.787 68.23 0.72 10,409.5 0.380 0.165 0.235 0.230 0196 QES 0.235 Unch 3053.7 0.235 12.50 — 178.2
0.325 0.085 0.135 0.135 5754 UTUSAN 0.135 UNCH 20 0.135 — — 14.9 0.180 0.050 0.055 0.050 0133 SANICHI 0.055 -0.005 3113.3 0.055 — — 61.0
TECHNOLOGY 0.195 0.090 0.115 0.115 0161 SCH 0.115 Unch 397 0.115 — — 63.9
0.700 0.610 0.655 0.655 7031 AMTEL 0.655 UNCH 1 0.655 42.53 — 35.5 1.010 0.325 0.915 0.900 0001 SCOMNET 0.905 -0.015 364.9 0.908 42.29 1.10 581.9
0.210 0.120 0.145 0.140 5195 CENSOF 0.145 -0.005 40 0.141 — — 72.8 0.290 0.115 0.210 0.205 0028 SCOPE 0.210 -0.005 340.7 0.208 — 2.38 129.9
0.360 0.130 0.195 0.190 0051 CUSCAPI 0.190 UNCH 1294.2 0.190 — — 163.3 0.170 0.080 0.105 0.105 0055 SERSOL 0.105 0.005 15 0.105 — — 22.6
0.993 0.607 0.670 0.650 7204 D&O 0.660 -0.010 551.3 0.658 21.64 1.26 730.9 0.559 0.285 0.295 0.285 0084 TECFAST 0.285 -0.010 199.7 0.289 16.29 3.51 65.0
0.295 0.185 0.215 0.210 8338 DATAPRP 0.215 UNCH 260 0.214 — — 90.6 0.739 0.465 0.490 0.475 0089 TEXCYCL 0.475 -0.020 46 0.488 15.57 2.11 121.7
0.115 0.040 — — 0029 DIGISTA 0.045 — — — — — 29.6 0.390 0.220 0.265 0.255 0162 WIDAD 0.265 0.005 285.5 0.258 — — 650.5
0.465 0.195 0.270 0.265 4456 DNEX 0.270 UNCH 1810.8 0.266 13.37 1.85 474.7 0.180 0.125 — — 0025 YBS 0.130 — — — 10.40 — 31.5
0.932 0.282 0.480 0.465 5216 DSONIC 0.465 -0.010 779.5 0.469 14.81 6.45 627.8 TECHNOLOGY
0.840 0.335 0.525 0.510 5036 EDARAN 0.515 -0.010 606 0.514 4.26 — 30.9 0.455 0.190 0.215 0.210 0181 AEMULUS 0.210 -0.010 866.9 0.214 21.88 0.95 115.3
0.967 0.324 0.425 0.415 0065 EFORCE 0.420 -0.005 1499.5 0.422 26.25 3.57 174.5 0.265 0.080 0.105 0.100 0119 APPASIA 0.100 Unch 210 0.100 76.92 — 34.5
1.447 0.900 0.930 0.900 0090 ELSOFT 0.900 -0.025 1697.1 0.903 15.00 5.09 600.3 0.535 0.155 0.255 0.240 0068 ASDION 0.245 -0.005 2333.8 0.246 — — 31.3
1.430 0.367 1.400 1.310 0128 FRONTKN 1.390 0.070 24425.6 1.368 23.76 1.08 1,464.3 0.519 0.360 0.375 0.370 0195 BINACOM 0.370 -0.005 77.8 0.372 10.03 2.70 96.2
0.240 0.080 — — 9377 FSBM 0.095 — — — — — 13.4 0.439 0.193 — — 0191 CABNET 0.260 — — — 8.47 3.08 46.5
1.860 1.170 1.670 1.660 0021 GHLSYS 1.660 UNCH 148.9 1.660 48.40 — 1,225.1 0.185 0.090 0.100 0.095 0152 DGB 0.100 Unch 1250 0.100 — — 75.6
0.450 0.280 0.355 0.345 0082 GPACKET 0.355 UNCH 736.3 0.351 — — 322.7 0.180 0.065 0.075 0.070 0131 DGSB 0.075 0.005 33.5 0.072 — — 55.9
0.235 0.180 — — 0056 GRANFLO 0.205 — — — 17.83 2.44 99.0 0.040 0.010 0.015 0.010 0154 EAH 0.015 Unch 1006.1 0.015 — — 76.1
2.813 1.368 1.790 1.770 7022 GTRONIC 1.780 -0.010 238.3 1.779 20.48 1.44 1,191.0 0.180 0.015 0.030 0.025 0107 EDUSPEC 0.025 Unch 360.7 0.030 — — 27.5
1.160 0.340 0.920 0.900 5028 HTPADU 0.900 -0.020 545.7 0.909 — — 91.1 2.015 1.111 1.550 1.500 0104 GENETEC 1.550 0.030 8.7 1.505 6.17 3.23 65.5
2.474 1.205 1.670 1.570 0166 INARI 1.580 -0.080 12083.9 1.604 19.58 3.99 5,017.4 0.100 0.045 0.095 0.085 0045 GNB 0.085 -0.005 6940.5 0.089 — — 24.5
0.370 0.250 0.305 0.295 0192 INTA 0.300 0.010 3892.3 0.301 7.58 2.50 160.6 0.120 0.020 0.025 0.020 0174 IDMENSN 0.025 Unch 277 0.025 — — 6.8
0.150 0.070 0.110 0.100 9393 ITRONIC 0.100 -0.010 0.6 0.107 — — 11.3 0.520 0.185 0.475 0.450 0023 IFCAMSC 0.460 -0.005 13205.7 0.457 23.23 2.17 279.8
0.345 0.155 0.190 0.185 5161 JCY 0.185 -0.005 146 0.188 — 2.70 384.2 0.120 0.045 0.060 0.055 0094 INIX 0.055 -0.005 1759.6 0.059 — — 14.5
18.130 7.360 7.660 7.660 9334 KESM 7.660 UNCH 60.4 7.660 16.58 2.42 329.5 0.195 0.115 0.170 0.160 0010 IRIS 0.160 -0.010 37708.2 0.165 — — 474.6
0.245 0.095 0.110 0.105 0143 KEYASIC 0.105 UNCH 1875.8 0.110 21.00 — 99.8 1.030 0.590 0.910 0.900 0146 JFTECH 0.900 -0.010 25.8 0.905 195.65 1.33 189.0
3.341 1.358 2.100 2.060 5286 MI 2.060 -0.040 564.1 2.079 19.68 — 1,030.0 1.450 0.805 1.220 1.150 0127 JHM 1.160 -0.060 1594.1 1.177 15.49 1.72 646.8
1.347 0.653 0.785 0.775 0113 MMSV 0.775 -0.010 68 0.780 17.34 2.32 158.0
0.292 0.117 0.280 0.265 0111 K1 0.270 -0.010 2893.1 0.272 30.00 — 196.8
13.087 7.479 10.000 9.850 3867 MPI 9.850 -0.020 43.6 9.899 12.77 2.94 2,067.4
1.930 0.950 1.460 1.450 5011 MSNIAGA 1.450 UNCH 2.5 1.452 — — 87.6 0.095 0.040 0.040 0.040 0036 KGROUP 0.040 Unch 161 0.040 — — 20.8
2.563 0.646 1.480 1.410 0138 MYEG 1.420 -0.040 12628 1.435 64.55 1.34 5,121.0 0.810 0.515 0.580 0.570 0176 KRONO 0.570 -0.010 1057.4 0.574 12.23 3.51 278.9
0.280 0.190 — — 0041 MYSCM 0.240 — — — — — 63.7 0.170 0.070 0.085 0.070 0018 LAMBO 0.080 Unch 66229.3 0.077 7.55 — 168.2
0.778 0.507 0.560 0.555 0083 NOTION 0.555 UNCH 670.2 0.557 2.47 1.80 184.9 0.545 0.280 0.380 0.365 0075 LYC 0.365 -0.010 229.1 0.371 — — 118.6
0.490 0.335 0.405 0.405 9008 OMESTI 0.405 -0.005 51 0.405 — — 193.4 0.110 0.040 0.050 0.040 0017 M3TECH 0.045 -0.005 5502.4 0.045 — — 26.4
4.480 1.990 4.250 4.160 7160 PENTA 4.190 -0.060 1566.6 4.199 23.23 — 1,326.5 0.425 0.205 — — 0155 MGRC 0.330 — — — — — 34.2
1.650 0.255 0.430 0.410 5204 PRESBHD 0.415 -0.010 3302.3 0.418 276.67 4.10 200.9 0.580 0.335 — — 0126 MICROLN 0.400 — — — — — 66.9
0.450 0.240 0.425 0.390 9075 THETA 0.400 -0.025 30 0.404 — — 42.9 0.368 0.190 0.240 0.235 0112 MIKROMB 0.240 0.005 55.6 0.237 26.97 4.17 103.4
0.040 0.010 0.020 0.015 0118 TRIVE 0.015 UNCH 1365 0.016 — — 35.2 0.065 0.035 0.050 0.045 0085 MLAB 0.050 Unch 65 0.045 — — 33.5
0.200 0.105 0.130 0.130 4359 TURIYA 0.130 UNCH 2 0.130 — — 29.7 0.310 0.165 0.220 0.220 0034 MMAG 0.220 Unch 83 0.220 — — 150.1
3.264 1.625 2.730 2.650 5005 UNISEM 2.730 UNCH 51 2.652 20.76 2.75 2,003.4 0.080 0.035 0.035 0.035 0103 MNC 0.035 -0.005 0.2 0.035 — — 16.7
8.492 5.145 7.180 7.050 0097 VITROX 7.050 -0.100 65.1 7.115 30.47 0.82 3,318.8 0.210 0.100 0.115 0.115 0156 MPAY 0.115 Unch 458 0.115 — — 81.7
1.158 0.907 1.020 1.010 5162 VSTECS 1.020 UNCH 28.8 1.014 7.45 4.90 183.6 0.070 0.025 0.045 0.035 0070 MQTECH 0.040 Unch 12010 0.040 — — 25.7
0.615 0.415 0.460 0.455 0008 WILLOW 0.455 -0.010 917 0.456 19.96 2.20 225.7 0.135 0.055 0.065 0.060 0092 MTOUCHE 0.065 0.005 4697.3 0.065 162.50 — 33.1
UTILITIES 1.274 0.710 0.720 0.710 0108 N2N 0.715 -0.010 470 0.712 27.93 5.59 427.5
0.444 0.090 0.140 0.135 7471 EDEN 0.135 -0.005 1590 0.135 — — 53.3 0.035 0.010 0.020 0.015 0020 NETX 0.015 Unch 2215.1 0.015 — — 42.0
2.910 2.588 2.860 2.840 5209 GASMSIA 2.840 -0.010 1.2 2.850 20.21 4.75 3,646.6 0.065 0.010 0.020 0.020 0096 NEXGRAM 0.020 Unch 200 0.020 — — 41.4
0.972 0.715 0.850 0.830 5264 MALAKOF 0.835 -0.010 2724.1 0.841 1.70 6.71 4,175.0 0.205 0.090 0.115 0.105 0026 NOVAMSC 0.110 Unch 1537.5 0.110 39.29 — 82.7
4.030 2.990 3.710 3.630 3069 MFCB 3.640 -0.060 462.8 3.654 10.22 1.10 1,520.6 1.152 0.448 0.650 0.635 0035 OPCOM 0.635 Unch 965.6 0.645 14.94 5.12 102.4
1.275 1.020 1.120 1.120 5041 PBA 1.120 -0.010 5 1.120 — 3.13 371.0 0.369 0.252 0.335 0.330 0040 OPENSYS 0.330 -0.005 38.6 0.332 9.65 3.79 98.3
19.757 16.378 17.360 17.300 6033 PETGAS 17.300 -0.060 1171.6 17.31 18.91 4.16 34,232.1 0.230 0.040 0.170 0.165 0079 ORION 0.170 Unch 9787.5 0.165 — — 120.2
1.287 0.523 1.160 1.160 5272 RANHILL 1.160 -0.010 221.4 1.160 27.10 4.31 1,236.5 0.730 0.240 — — 0006 PINEAPP 0.300 — — — 750.0 — 14.6
0.356 0.220 0.290 0.280 8567 SALCON 0.280 -0.015 1068.3 0.283 112.00 2.86 237.2 0.150 0.045 0.065 0.065 0123 PRIVA 0.065 Unch 136 0.065 — — 36.3
1.030 0.422 0.970 0.965 8524 TALIWRK 0.970 UNCH 275.5 0.968 21.18 4.95 1,955.3 1.504 0.474 1.270 1.250 0200 REVENUE 1.250 -0.020 151.8 1.264 31.25 — 285.9
15.490 11.800 12.160 11.920 5347 TENAGA 11.940 -0.080 9103 11.97 18.17 4.46 67,901.5 0.750 0.525 0.665 0.665 0106 REXIT 0.665 0.010 10 0.665 15.68 4.51 125.9
1.350 0.882 1.170 1.120 4677 YTL 1.120 -0.040 3415.2 1.134 44.98 3.57 12,219.8 0.650 0.200 0.220 0.215 0202 RGTECH 0.215 -0.005 19 0.219 29.86 — 112.9
1.208 0.694 0.870 0.845 6742 YTLPOWR 0.850 -0.020 1056.9 0.857 12.27 5.88 6,934.5 0.310 0.090 0.190 0.170 0178 SEDANIA 0.170 -0.005 8282.8 0.181 — 5.88 42.2
CLOSED-END FUNDS 0.610 0.370 0.575 0.530 0203 SMETRIC 0.550 -0.020 2217.1 0.559 220.00 — 134.0
2.850 2.340 2.360 2.360 5108 ICAP 2.360 0.010 10 2.360 27.47 — 330.4 0.185 0.095 0.115 0.105 0117 SMRT 0.115 Unch 29 0.108 10.85 — 46.8
EXCHANGE TRADED FUNDS 0.160 0.055 0.155 0.140 0169 SMTRACK 0.140 -0.010 2085.6 0.145 — — 20.8
1.190 1.100 — — 0800EA ABFMY1 1.177 — — — — 3.95 1,489.4 0.185 0.080 0.100 0.095 0093 SOLUTN 0.095 -0.005 169 0.100 — — 29.1
6.140 5.260 5.830 5.800 0829EA CHINAETF-MYR 5.800 -0.040 0.3 5.810 — — 8.6 0.340 0.150 0.200 0.200 0129 SRIDGE 0.200 Unch 15 0.200 12.90 — 28.1
2.010 1.735 — — 0822EA CIMBA40 1.900 — — — — 3.58 5.1 0.345 0.180 0.225 0.225 0050 SYSTECH 0.225 0.005 89.5 0.225 40.91 — 78.2
1.700 1.450 — — 0823EA CIMBC50 1.625 — — — — — 11.6 0.130 0.065 0.070 0.065 0132 TDEX 0.065 -0.005 71 0.069 — — 38.4
1.960 1.700 1.765 1.700 0820EA FBMKLCI-EA 1.765 0.035 0.5 1.739 — 1.87 3.0 0.165 0.085 0.100 0.100 0145 TFP 0.100 -0.005 100 0.100 — — 20.8
1.075 0.985 — — 0826EA METFAPA 1.045 — — — — — 18.8 0.430 0.200 0.225 0.215 0005 UCREST 0.215 -0.010 3412.8 0.220 4.70 — 99.8
0.845 0.795 — — 0825EA METFSID 0.817 — — — — 2.44 71.9 0.200 0.108 0.200 0.195 0060 VC 0.195 -0.005 1675.8 0.199 16.25 — 71.4
1.130 0.900 1.070 1.070 0827EA METFUS50 1.070 -0.025 0.1 1.070 — — 13.9 0.795 0.360 0.420 0.395 0120 VIS 0.415 0.010 1167.6 0.411 9.58 2.41 70.2
1.200 1.030 1.040 1.035 0821EA MYETFDJ 1.035 -0.035 40 1.038 — 2.36 285.6 0.056 0.015 0.025 0.020 0069 VIVOCOM 0.025 0.005 444.1 0.020 — — 141.6
1.210 1.040 — — 0824EA MYETFID 1.135 — — — — 2.43 48.6 0.255 0.085 0.160 0.155 0066 VSOLAR 0.155 -0.005 9845.8 0.160 — — 59.8
REAL ESTATE INVESTMENT TRUSTS 0.045 0.035 — — 0141 WINTONI 0.035 — — — — — 18.0
0.799 0.668 — — 4952 AHP 0.760 — — — 13.55 7.41 167.2 0.170 0.100 — — 0086 YGL 0.115 — — — — — 26.7
1.450 1.102 1.430 1.410 5116 ALAQAR 1.430 0.030 1.8 1.419 11.40 5.04 1,052.5 TELECOMMUNICATIONS & MEDIA
0.915 0.743 0.915 0.900 5269 ALSREIT 0.900 -0.010 54 0.913 12.97 5.94 522.0 0.519 0.360 0.375 0.370 0195 BINACOM 0.370 -0.005 77.8 0.372 10.03 2.70 96.2
0.566 0.486 0.520 0.515 5120 AMFIRST 0.520 0.010 523 0.516 16.25 7.58 356.9 0.780 0.460 — — 0147 INNITY 0.495 — — — 47.14 — 68.7
0.865 0.769 0.850 0.850 5127 ARREIT 0.850 UNCH 39.6 0.850 6.00 7.18 487.2 0.110 0.040 0.050 0.040 0017 M3TECH 0.045 -0.005 5502.4 0.045 — — 26.4
1.170 0.979 1.170 1.160 5130 ATRIUM 1.160 -0.010 30.3 1.163 12.18 6.47 169.5 0.080 0.035 0.035 0.035 0103 MNC 0.035 -0.005 0.2 0.035 — — 16.7
1.840 1.283 1.810 1.760 5106 AXREIT 1.760 -0.040 2753.6 1.779 14.46 5.20 2,177.6 0.135 0.055 0.065 0.060 0092 MTOUCHE 0.065 0.005 4697.3 0.065 162.50 — 33.1
1.193 0.955 1.120 1.110 5180 CMMT 1.110 -0.010 500.2 1.110 17.29 7.12 2,269.0 0.065 0.010 0.020 0.020 0096 NEXGRAM 0.020 Unch 200 0.020 — — 41.4
1.186 1.062 1.140 1.120 5121 HEKTAR 1.140 0.010 722.2 1.130 16.03 7.90 526.6 1.152 0.448 0.650 0.635 0035 OPCOM 0.635 Unch 965.6 0.645 14.94 5.12 102.4
1.870 1.428 1.870 1.860 5227 IGBREIT 1.870 0.010 2717.8 1.870 19.79 4.87 6,625.3 0.150 0.045 0.065 0.065 0123 PRIVA 0.065 Unch 136 0.065 — — 36.3
0.884 0.676 0.875 0.860 5280 KIPREIT 0.860 -0.010 45.5 0.868 12.45 7.34 434.6 0.245 0.085 0.090 0.085 0007 PUC 0.090 Unch 1737.6 0.087 21.95 — 194.2
7.960 6.962 7.850 7.800 5235SS KLCC 7.850 0.050 1297.5 7.800 19.46 4.34 14,171.9 0.385 0.150 0.375 0.335 0032 REDTONE 0.350 -0.015 2864 0.350 20.00 — 265.4
1.120 0.997 1.110 1.090 5123 MQREIT 1.100 UNCH 444.8 1.101 16.11 7.19 1,179.0 0.435 0.160 0.200 0.200 0173 REV 0.200 Unch 100 0.200 — — 26.9
1.850 1.328 1.820 1.800 5212 PAVREIT 1.800 -0.030 4315.4 1.801 18.69 4.88 5,470.2 0.310 0.090 0.190 0.170 0178 SEDANIA 0.170 -0.005 8282.8 0.181 — 5.88 42.2
1.930 1.538 1.910 1.890 5176 SUNREIT 1.910 0.010 409.9 1.906 13.32 4.95 5,625.1 0.340 0.150 0.200 0.200 0129 SRIDGE 0.200 Unch 15 0.200 12.90 — 28.1
0.964 0.876 — — 5111 TWRREIT 0.890 — — — 35.46 4.61 249.6 0.085 0.050 0.055 0.050 0165 XOX 0.050 Unch 515 0.051 — — 54.6
1.480 1.233 — — 5110 UOAREIT 1.390 — — — 10.21 6.57 587.8 FINANCIAL SERVICES
1.330 1.029 1.330 1.320 5109 YTLREIT 1.330 UNCH 333.4 1.329 11.33 5.54 2,266.8 0.110 0.045 0.050 0.045 0150 FINTEC 0.045 -0.005 626.6 0.050 — — 27.5
SPAC 0.630 0.440 0.475 0.455 0053 OSKVI 0.475 0.020 7.5 0.465 — 10.53 93.9
0.51 0.465 — — 5270 RSENA 0.505 — — — — — 505.0 HEALTH CARE
ENERGY 0.260 0.155 0.165 0.160 0163 CAREPLS 0.160 Unch 24.5 0.160 — — 85.0
0.155 0.056 0.115 0.110 5115 ALAM 0.110 -0.005 2608.6 0.114 — — 102.9 0.190 0.105 0.110 0.105 0182 LKL 0.105 -0.005 306 0.107 — — 45.0
0.900 0.145 0.210 0.200 5210 ARMADA 0.210 0.005 111348 0.206 — — 1,233.5 0.425 0.205 — — 0155 MGRC 0.330 — — — — — 34.2
0.240 0.040 0.095 0.090 7251 BARAKAH 0.090 UNCH 3716 0.091 — — 75.2 0.773 0.277 0.470 0.465 0201 NOVA 0.465 -0.005 65 0.466 18.09 1.08 147.8
1.010 0.205 0.840 0.820 5257 CARIMIN 0.820 -0.020 1867.3 0.828 — — 191.8 TRANSPORTATION & LOGISTICS
1.370 0.735 1.090 1.070 5071 COASTAL 1.070 -0.020 127.5 1.087 — 1.87 569.1 0.110 0.060 — — 0048 ANCOMLB 0.075 — — — — — 35.5
0.040 0.005 0.015 0.010 0091 DAYA 0.010 UNCH 31139.8 0.010 — — 20.4 0.285 0.210 0.255 0.245 0080 STRAITS 0.245 -0.005 4826.2 0.249 26.63 — 159.4
1.750 0.500 1.350 1.290 5141 DAYANG 1.310 -0.030 14511.9 1.311 7.89 — 1,263.9 0.559 0.295 0.380 0.380 0199 TRIMODE 0.380 -0.005 5 0.380 14.07 2.63 63.1
1.304 0.863 1.030 1.010 5132 DELEUM 1.010 -0.020 81.3 1.016 14.90 3.47 405.6 CONSTRUCTION
3.637 2.720 3.160 3.130 7277 DIALOG 3.130 -0.030 6873.4 3.141 36.35 1.02 17,658.3 0.422 0.212 0.300 0.300 0198 GDB 0.300 -0.010 141.4 0.300 6.10 6.67 187.5
0.535 0.275 0.360 0.355 7253 HANDAL 0.360 0.005 10 0.356 — — 63.3 0.400 0.235 0.275 0.270 0206 NADIBHD 0.270 Unch 256.9 0.270 5.08 — 203.3
9.450 4.510 6.080 5.900 4324 HENGYUAN 6.070 0.170 668.2 5.985 58.99 — 1,821.0 0.040 0.010 — — 0109 SCBUILD 0.030 — — — 18.75 — 26.5
1.360 0.760 1.060 1.030 5199 HIBISCS 1.030 -0.030 9919.4 1.044 4.92 — 1,635.9 PLANTATION
0.480 0.130 0.205 0.200 2739 HUAAN 0.200 -0.005 6825.3 0.201 7.58 — 224.5 0.085 0.065 0.075 0.075 0189 MATANG 0.075 Unch 654.7 0.075 50.00 2.67 135.8
0.195 0.060 0.100 0.095 5255 ICON 0.095 -0.005 1927.3 0.096 — — 111.8 UTILITIES
0.225 0.070 0.195 0.185 7164 KNM 0.185 UNCH 15043.2 0.189 — — 438.3 0.380 0.210 0.235 0.230 0011 BTECH 0.235 Unch 50 0.233 14.24 6.81 59.2
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 8 Markets FR I DAY M AY 1 0 , 2 0 1 9 • 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 YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE
Main Market & Ace Market Warrants 0.015 0.005 0.005 0.005 0154WD EAH-WD 0.005 Unch 200 0.015 0.050 266.67 25/10/2022
0.020 0.005 — — 0154WE EAH-WE 0.010 — — 0.015 0.035 200.00 22/04/2023
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY 0.100 0.010 0.020 0.020 3557WC ECOFIRS-WC 0.020 0.005 45 0.295 0.300 8.47 10/09/2019
0.320 0.070 0.275 0.255 5253WA ECONBHD-WA 0.260 -0.010 14436.2 0.670 1.250 125.37 02/01/2023
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE 0.150 0.005 — — 8206CT ECOWLD-CT 0.005 — — 0.900 1.300 45.83 28/06/2019
0.350 0.145 0.155 0.155 8206WA ECOWLD-WA 0.155 Unch 50 0.900 2.080 148.33 26/03/2022
0.395 0.085 0.150 0.125 70328 A50CHIN-C28 0.130 -0.035 980 7.220 7.297 6.46 25/06/2019 0.150 0.030 0.050 0.045 7471WB EDEN-WB 0.050 Unch 91.7 0.135 0.300 159.26 13/08/2021
0.575 0.075 0.170 0.150 70330 A50CHIN-C30 0.160 -0.045 129.5 7.220 7.667 9.51 28/06/2019 0.670 0.105 0.115 0.105 0065WA EFORCE-WA 0.105 -0.005 1119.7 0.420 0.340 5.95 17/07/2019
1.100 0.190 — — 70332 A50CHIN-C32 0.685 — — 7.220 6.609 5.77 28/06/2019 0.315 0.120 0.140 0.130 8907WC EG-WC 0.130 -0.005 114 0.465 0.500 35.48 03/11/2020
1.300 0.705 — — 70334 A50CHIN-C34 1.140 — — 7.220 5.710 10.67 30/08/2019 0.250 0.020 0.145 0.120 8877CS EKOVEST-CS 0.120 -0.040 280.8 0.875 0.600 -4.00 30/05/2019
0.700 0.370 0.410 0.410 70336 A50CHIN-C36 0.410 -0.065 10 7.220 6.768 5.09 30/08/2019 0.540 0.040 0.420 0.375 8877WB EKOVEST-WB 0.380 -0.035 45084.3 0.875 0.480 -1.71 25/06/2019
0.390 0.120 0.150 0.120 70338 A50CHIN-C38 0.120 -0.035 4786 7.220 8.724 23.33 30/09/2019 0.340 0.100 0.120 0.120 5283WA EWINT-WA 0.120 Unch 60 0.710 1.450 121.13 02/04/2022
0.470 0.200 0.235 0.200 70340 A50CHIN-C40 0.200 -0.045 6191.8 7.220 8.354 21.25 26/11/2019 0.290 0.020 0.080 0.065 7047WB FAJAR-WB 0.070 -0.010 10295.1 0.440 0.700 75.00 24/09/2019
0.180 0.035 — — 70325 A50CHIN-H25 0.035 — — 4.825 5.287 10.67 28/06/2019 0.095 0.020 — — 06505J FBMKLCI-C5J 0.020 — — 1,618 1,858 16.03 31/05/2019
0.505 0.020 0.045 0.040 70327 A50CHIN-H27 0.045 0.020 234 6.281 6.345 2.09 28/06/2019 0.050 0.003 — — 06505N FBMKLCI-C5N 0.005 — — 327.07 1,680 414.71 31/05/2019
0.450 0.100 0.435 0.375 70329 A50CHIN-H29 0.430 0.065 537.7 7.220 7.402 11.46 30/09/2019 0.090 0.005 — — 06505O FBMKLCI-C5O 0.005 — — 326.75 1,700 421.34 28/06/2019
0.170 0.030 0.040 0.035 5238WA AAX-WA 0.040 Unch 895.5 0.225 0.460 122.22 08/06/2020 0.370 0.045 — — 06505P FBMKLCI-C5P 0.045 — — 1,134 1,730 53.61 31/05/2019
0.165 0.100 — — 2488CY ABMB-CY 0.100 — — 3.710 4.100 21.29 31/05/2019 0.545 0.080 0.080 0.080 06505Q FBMKLCI-C5Q 0.080 -0.040 10 1,618 1,650 3.43 31/05/2019
0.175 0.010 — — 6599CO AEON-CO 0.015 — — 1.450 1.650 15.86 31/07/2019 0.100 0.010 0.025 0.010 06505R FBMKLCI-C5R 0.025 0.010 475.4 1,618 1,690 5.50 31/07/2019
0.130 0.005 — — 6599CP AEON-CP 0.005 — — 1.450 1.700 18.28 30/05/2019 0.240 0.065 — — 06505S FBMKLCI-C5S 0.070 — — 1,618 1,790 11.89 31/07/2019
0.040 0.005 0.005 0.005 6599CQ AEON-CQ 0.005 Unch 50 1.450 2.000 38.97 28/06/2019 0.365 0.120 — — 06505T FBMKLCI-C5T 0.135 — — 1,618 1,710 8.16 31/07/2019
0.110 0.105 — — 5139CC AEONCR-CC 0.105 — — 16.160 16.650 12.78 31/01/2020 0.065 0.060 — — 06505U FBMKLCI-C5U 0.060 — — 1,618 1,700 8.74 30/08/2019
0.120 0.005 0.025 0.020 7315WB AHB-WB 0.020 -0.005 3145.7 0.150 0.200 46.67 28/08/2019 0.050 0.015 0.025 0.015 06505W FBMKLCI-C5W 0.025 0.005 100.2 1,618 1,730 7.97 30/09/2019
0.220 0.030 0.035 0.030 509971 AIRASIAC71 0.035 Unch 2505.8 2.650 2.822 9.95 31/07/2019 0.295 0.220 0.220 0.220 06505Y FBMKLCI-C5Y 0.220 -0.015 54 1,618 1,670 7.26 30/09/2019
0.300 0.080 0.110 0.090 509972 AIRASIAC72 0.110 0.015 335.7 2.650 2.518 7.65 28/06/2019 0.060 0.045 0.050 0.050 06507A FBMKLCI-C7A 0.050 -0.010 120 1,618 1,650 4.11 31/10/2019
0.350 0.085 0.100 0.085 509973 AIRASIAC73 0.100 0.015 1600 2.650 2.432 1.59 21/05/2019 0.080 0.065 0.070 0.065 06507B FBMKLCI-C7B 0.070 -0.005 393.4 1,618 1,625 3.43 29/11/2019
0.470 0.180 — — 509974 AIRASIAC74 0.245 — — 2.650 2.171 6.02 28/06/2019 0.185 0.105 0.165 0.160 06506L FBMKLCI-H6L 0.165 Unch 103 1,618 1,788 20.67 31/05/2019
0.230 0.045 0.050 0.050 509975 AIRASIAC75 0.050 0.005 65.1 2.650 2.692 8.14 13/06/2019 0.190 0.040 0.090 0.080 06506P FBMKLCI-H6P 0.090 0.020 1037.4 1,618 1,680 7.69 31/05/2019
0.130 0.020 0.020 0.020 509976 AIRASIAC76 0.020 Unch 10 2.650 3.050 18.87 31/07/2019 0.185 0.065 0.130 0.120 06506Q FBMKLCI-H6Q 0.130 0.030 90 1,618 1,700 10.66 28/06/2019
0.160 0.030 — — 509977 AIRASIAC77 0.030 — — 2.650 3.400 31.36 31/07/2019 0.150 0.070 0.120 0.120 06506T FBMKLCI-H6T 0.120 0.010 10 1,618 1,690 9.61 31/07/2019
0.175 0.045 0.055 0.055 509978 AIRASIAC78 0.055 0.005 100 2.650 3.500 37.68 30/08/2019 0.315 0.250 0.270 0.270 06506V FBMKLCI-H6V 0.270 -0.010 100 1,618 1,640 6.34 31/07/2019
0.100 0.025 0.035 0.025 509979 AIRASIAC79 0.035 0.005 506.6 2.650 3.300 28.49 29/11/2019 0.170 0.095 0.150 0.140 06506X FBMKLCI-H6X 0.150 0.020 110 1,618 1,695 11.22 30/08/2019
0.070 0.025 0.025 0.025 509980 AIRASIAC80 0.025 Unch 13 2.650 3.990 54.34 30/09/2019 0.335 0.260 0.300 0.290 06506Z FBMKLCI-H6Z 0.300 0.025 700 1,618 1,590 3.80 30/09/2019
0.105 0.065 0.075 0.075 509981 AIRASIAC81 0.075 -0.005 60 2.650 2.700 16.04 31/01/2020 0.140 0.030 0.080 0.075 522262 FGV-C62 0.075 Unch 870.5 1.210 1.200 17.77 23/10/2019
0.110 0.075 0.090 0.080 509982 AIRASIAC82 0.090 0.010 193.1 2.650 2.800 17.55 14/10/2019 0.275 0.040 0.175 0.155 522263 FGV-C63 0.175 0.005 68.6 1.210 0.950 4.55 28/06/2019
0.170 0.120 0.135 0.120 509983 AIRASIAC83 0.135 0.015 1865 2.650 2.880 21.92 31/10/2019 0.280 0.110 0.180 0.180 522265 FGV-C65 0.180 Unch 346.4 1.210 0.950 5.29 02/08/2019
0.180 0.140 0.150 0.140 509984 AIRASIAC84 0.150 0.010 0.4 2.650 2.400 7.55 28/02/2020 0.575 0.220 0.450 0.435 522267 FGV-C67 0.450 0.010 1119.2 1.210 0.800 3.31 31/10/2019
0.105 0.010 — — 5014C4 AIRPORT-C4 0.015 — — 7.200 8.350 17.85 30/09/2019 0.160 0.085 0.105 0.100 522270 FGV-C70 0.100 -0.005 0.4 1.210 1.300 19.83 29/11/2019
0.145 0.020 — — 5014C5 AIRPORT-C5 0.020 — — 7.200 9.300 30.97 28/06/2019 0.065 0.035 0.040 0.040 522271 FGV-C71 0.040 Unch 2906.5 1.210 1.580 40.50 30/09/2019
0.205 0.055 0.065 0.065 5014C6 AIRPORT-C6 0.065 -0.005 640 7.200 8.300 23.40 23/10/2019 0.055 0.030 0.030 0.030 522272 FGV-C72 0.030 -0.005 34.8 1.210 1.700 46.69 30/09/2019
0.165 0.020 — — 5014C7 AIRPORT-C7 0.035 — — 7.200 8.180 17.50 28/06/2019 0.120 0.070 0.075 0.070 522273 FGV-C73 0.075 Unch 7161.5 1.210 1.380 27.69 30/09/2019
0.115 0.050 — — 5014C8 AIRPORT-C8 0.085 — — 7.200 8.000 18.19 29/11/2019 0.050 0.015 0.025 0.015 0150WB FINTEC-WB 0.025 0.005 4.1 0.045 0.150 288.89 03/12/2022
0.185 0.085 0.085 0.085 7609WA AJIYA-WA 0.085 Unch 65 0.535 0.920 87.85 28/08/2021 0.065 0.005 0.010 0.010 9318WB FITTERS-WB 0.010 -0.005 1007.7 0.455 1.000 121.98 12/10/2019
0.070 0.035 0.050 0.045 5115WA ALAM-WA 0.045 Unch 392.1 0.110 0.120 50.00 28/03/2022 0.120 0.070 0.100 0.100 0116WC FOCUS-WC 0.100 -0.005 10 0.115 0.050 30.43 06/11/2019
0.235 0.050 0.105 0.095 101510 AMBANK-C10 0.100 -0.020 2 4.430 4.200 0.45 31/05/2019 0.450 0.075 0.345 0.315 9261WB GADANG-WB 0.320 -0.025 4590.1 0.825 1.060 67.27 29/11/2021
0.210 0.155 — — 101511 AMBANK-C11 0.165 — — 4.430 4.100 7.45 31/05/2019 0.100 0.015 0.055 0.050 539857 GAMUDA-C57 0.055 0.005 20.4 3.280 3.500 11.74 31/07/2019
0.185 0.110 — — 101512 AMBANK-C12 0.110 — — 4.430 4.250 5.87 30/05/2019 0.305 0.070 0.245 0.235 539859 GAMUDA-C59 0.240 Unch 109.3 3.280 2.350 0.91 30/08/2019
0.115 0.065 — — 101513 AMBANK-C13 0.065 — — 4.430 5.000 18.00 31/07/2019 0.170 0.065 0.125 0.115 539860 GAMUDA-C60 0.115 -0.005 900 3.280 2.880 5.34 17/06/2019
0.100 0.090 — — 101514 AMBANK-C14 0.095 — — 4.430 4.500 12.30 31/01/2020 0.135 0.045 0.070 0.070 539861 GAMUDA-C61 0.070 -0.005 20 3.280 3.200 6.10 31/05/2019
0.125 0.115 — — 101515 AMBANK-C15 0.115 — — 4.430 5.180 24.72 04/11/2019 0.180 0.055 0.140 0.135 539862 GAMUDA-C62 0.140 Unch 107.8 3.280 2.500 1.83 13/06/2019
0.040 0.015 0.025 0.020 9342WB ANZO-WB 0.025 0.005 50.1 0.035 0.250 685.71 25/08/2023 0.150 0.080 0.110 0.110 539864 GAMUDA-C64 0.110 0.005 100 3.280 3.880 31.71 07/10/2019
0.155 0.030 — — 0119WA APPASIA-WA 0.050 — — 0.100 0.130 80.00 23/12/2024 0.160 0.095 0.125 0.125 539865 GAMUDA-C65 0.125 Unch 260 3.280 3.600 26.91 31/10/2019
0.090 0.090 — — 7007WB ARK-WB 0.090 — — 0.320 1.000 240.63 30/06/2021 0.200 0.120 0.160 0.155 539867 GAMUDA-C67 0.160 Unch 0.4 3.280 3.000 10.98 31/01/2020
0.110 0.005 — — 521046 ARMADA-C46 0.005 — — 0.210 0.650 211.90 28/06/2019 0.210 0.180 0.190 0.190 539868 GAMUDA-C68 0.190 Unch 599.8 3.280 3.050 21.95 31/03/2020
0.030 0.005 — — 521048 ARMADA-C48 0.005 — — 0.210 0.555 169.05 30/05/2019 1.080 0.125 0.335 0.315 5398WE GAMUDA-WE 0.320 -0.010 1035.5 3.280 4.050 33.23 06/03/2021
0.045 0.005 — — 521049 ARMADA-C49 0.005 — — 0.210 0.500 142.86 17/06/2019 0.520 0.135 0.440 0.425 5226WB GBGAQRS-WB 0.425 -0.030 1001.9 1.390 1.120 11.15 26/09/2023
0.050 0.015 — — 0105WA ASIAPLY-WA 0.015 — — 0.070 0.100 64.29 13/12/2020 0.170 0.115 0.135 0.135 5102CC GCB-CC 0.135 -0.015 10 4.000 3.880 13.88 29/11/2019
0.045 0.020 — — 0105WB ASIAPLY-WB 0.025 — — 0.070 0.100 78.57 12/12/2022 0.140 0.085 0.105 0.105 5102CD GCB-CD 0.105 -0.005 18.3 4.000 4.500 24.31 30/09/2019
0.170 0.080 — — 639910 ASTRO-C10 0.110 — — 1.390 1.500 27.70 25/06/2019 0.250 0.155 0.205 0.205 5102CF GCB-CF 0.205 Unch 4 4.000 3.500 8.00 14/10/2019
0.150 0.070 — — 639911 ASTRO-C11 0.090 — — 1.390 1.600 34.53 17/06/2019 0.275 0.035 0.045 0.035 0078WB GDEX-WB 0.045 0.005 2090.9 0.300 0.383 42.50 05/02/2020
0.130 0.045 — — 639912 ASTRO-C12 0.045 — — 1.390 1.500 17.63 31/05/2019 0.155 0.055 0.060 0.060 471546 GENM-C46 0.060 Unch 3331.2 3.140 3.321 15.09 31/07/2019
0.105 0.050 — — 639913 ASTRO-C13 0.050 — — 1.390 1.800 40.29 30/08/2019 0.215 0.100 0.110 0.105 471550 GENM-C50 0.105 -0.010 49.7 3.140 3.077 7.78 31/10/2019
0.090 0.025 — — 639914 ASTRO-C14 0.035 — — 1.390 1.800 34.53 29/11/2019 0.100 0.045 0.045 0.045 471554 GENM-C54 0.045 -0.005 499.2 3.140 3.565 19.13 31/12/2019
0.250 0.070 — — 7099WB ATTA-WB 0.075 — — 0.575 0.870 64.35 09/05/2022 2.860 1.490 2.380 2.280 2291WA GENP-WA 2.360 -0.090 65.4 10.280 7.750 -1.65 17/06/2019
0.180 0.070 — — 7099WC ATTA-WC 0.090 — — 0.575 0.870 66.96 18/11/2024 0.120 0.025 0.040 0.040 318258 GENTINGC58 0.040 -0.005 169.1 6.760 7.250 11.39 30/09/2019
0.030 0.005 — — 0072WB AT-WB 0.005 — — 0.050 0.090 90.00 17/10/2019 0.195 0.060 0.060 0.060 318260 GENTINGC60 0.060 -0.010 200 6.760 7.180 11.09 28/06/2019
0.285 0.140 0.255 0.245 7579WA AWC-WA 0.255 -0.005 114.1 0.760 0.880 49.34 25/12/2023 0.185 0.065 0.065 0.065 318261 GENTINGC61 0.065 -0.005 150 6.760 6.600 4.36 13/06/2019
0.155 0.005 0.010 0.010 688828 AXIATA-C28 0.010 Unch 0.1 3.054 4.750 56.84 31/05/2019 0.240 0.075 0.085 0.075 318262 GENTINGC62 0.075 -0.010 420 6.760 7.000 8.88 28/06/2019
0.165 0.025 0.030 0.025 688830 AXIATA-C30 0.025 -0.010 150 4.480 4.700 7.70 31/05/2019 0.375 0.300 0.310 0.300 318265 GENTINGC65 0.300 -0.015 38.8 6.760 7.880 25.44 04/11/2019
0.145 0.090 — — 688832 AXIATA-C32 0.095 — — 4.480 4.100 2.12 30/05/2019 0.190 0.155 0.160 0.155 318267 GENTINGC67 0.155 -0.010 716 6.760 7.350 18.59 31/10/2019
0.250 0.120 — — 688833 AXIATA-C33 0.225 — — 4.480 3.600 5.47 28/06/2019 0.245 0.120 0.160 0.155 0039WC GFM-WC 0.160 Unch 2242.9 0.460 0.380 17.39 28/01/2022
0.255 0.095 0.230 0.220 688834 AXIATA-C34 0.220 -0.015 1 4.480 3.450 1.56 30/08/2019 0.170 0.050 0.070 0.055 5220WA GLOTEC-WA 0.070 0.010 53.5 0.425 0.720 85.88 19/12/2021
0.180 0.090 0.150 0.140 688835 AXIATA-C35 0.150 -0.005 910 4.480 4.200 7.14 17/06/2019 0.095 0.005 0.010 0.005 1147WA GOB-WA 0.005 Unch 16.1 0.180 0.800 347.22 24/12/2019
0.220 0.135 0.210 0.205 688836 AXIATA-C36 0.205 -0.005 1198.9 4.480 3.750 8.87 23/10/2019 0.185 0.050 0.125 0.115 0082WB GPACKET-WB 0.120 -0.005 1147.8 0.355 0.400 46.48 24/11/2023
0.125 0.055 0.110 0.105 688837 AXIATA-C37 0.105 -0.010 60.8 4.480 4.450 11.05 31/12/2019 0.050 0.015 0.050 0.045 7096WA GPA-WA 0.050 0.005 1750.2 0.115 0.100 30.43 03/06/2025
0.330 0.085 0.250 0.250 7078WA AZRB-WA 0.250 Unch 37.9 0.450 0.630 95.56 13/05/2024 0.170 0.040 0.065 0.050 7676WB GUNUNG-WB 0.050 -0.005 839.9 0.270 0.400 66.67 02/10/2020
0.485 0.170 0.400 0.370 0098WA BAHVEST-WA 0.385 0.010 6088.6 0.640 0.430 27.34 20/08/2024 0.100 0.040 0.055 0.050 516822 HARTA-C22 0.055 Unch 502.2 4.880 5.400 16.29 29/11/2019
0.225 0.130 — — 4162CN BAT-CN 0.130 — — 33.500 40.000 32.99 23/10/2019 0.220 0.145 0.175 0.165 516823 HARTA-C23 0.175 -0.005 1203.6 4.880 4.500 10.14 29/11/2019
0.095 0.055 0.055 0.055 4162CO BAT-CO 0.055 -0.005 299.5 33.500 37.500 18.51 31/12/2019 0.210 0.145 0.165 0.165 516824 HARTA-C24 0.165 -0.005 300 4.880 4.800 16.96 26/11/2019
0.115 0.050 0.060 0.055 5248C1 BAUTO-C1 0.055 -0.015 160 2.320 2.200 1.94 31/05/2019 0.170 0.105 0.120 0.115 516825 HARTA-C25 0.120 -0.015 120 4.880 5.000 14.75 14/10/2019
0.145 0.135 — — 5248C2 BAUTO-C2 0.140 — — 2.320 2.450 20.69 26/11/2019 0.160 0.150 0.160 0.155 432410 HENGYUANC10 0.160 0.010 400 6.070 6.300 30.15 23/12/2019
0.110 0.090 0.095 0.090 5248C4 BAUTO-C4 0.095 -0.005 324.8 2.320 2.380 14.87 28/02/2020 0.105 0.020 0.020 0.020 4324C6 HENGYUAN-C6 0.020 -0.005 24.8 6.070 6.850 17.79 30/05/2019
0.170 0.090 0.110 0.100 5248CY BAUTO-CY 0.110 0.010 280.8 2.320 2.000 0.43 21/05/2019 0.255 0.135 0.150 0.150 4324C7 HENGYUAN-C7 0.150 0.010 10 6.070 5.180 5.11 30/08/2019
0.255 0.140 0.185 0.175 5248CZ BAUTO-CZ 0.185 -0.020 50 2.320 2.000 2.16 25/06/2019 0.215 0.060 0.065 0.065 5072WB HIAPTEK-WB 0.065 Unch 15 0.260 0.500 117.31 23/06/2021
0.395 0.115 0.355 0.330 5258WA BIMB-WA 0.340 -0.015 1833.6 4.580 4.720 10.48 04/12/2023 0.175 0.100 0.105 0.105 5199CQ HIBISCS-CQ 0.105 Unch 250 1.030 0.900 12.86 30/08/2019
0.100 0.025 0.040 0.040 6998WA BINTAI-WA 0.040 Unch 10.4 0.125 0.200 92.00 15/06/2020 0.160 0.080 0.085 0.085 5199CR HIBISCS-CR 0.085 Unch 630 1.030 1.080 21.36 02/08/2019
0.145 0.075 0.075 0.075 0179WA BIOHLDG-WA 0.075 Unch 240 0.205 0.220 43.90 05/01/2022 0.130 0.060 0.065 0.065 5199CU HIBISCS-CU 0.065 -0.005 500 1.030 1.280 36.89 30/08/2019
0.150 0.045 0.060 0.055 3239WB BJASSET-WB 0.055 -0.005 359 0.310 0.350 30.65 10/06/2023 0.135 0.070 0.070 0.070 5199CW HIBISCS-CW 0.070 Unch 65 1.030 1.150 25.24 31/12/2019
0.060 0.010 0.010 0.010 339511 BJCORP-C11 0.010 Unch 300 0.265 0.310 20.75 25/06/2019 0.100 0.050 0.060 0.055 5199CY HIBISCS-CY 0.055 -0.005 343 1.030 1.300 39.56 31/10/2019
0.040 0.040 — — 339512 BJCORP-C12 0.040 — — 0.265 0.320 35.85 14/10/2019 0.145 0.090 0.100 0.100 5199CZ HIBISCS-CZ 0.100 Unch 850 1.030 1.050 26.21 31/10/2019
0.100 0.035 0.040 0.040 3395WB BJCORP-WB 0.040 Unch 809 0.265 1.000 292.45 22/04/2022 0.665 0.310 0.405 0.400 5199WC HIBISCS-WC 0.400 -0.010 3824.7 1.030 1.060 41.75 19/03/2021
0.140 0.060 0.065 0.065 3395WC BJCORP-WC 0.065 -0.005 711.9 0.265 1.000 301.89 29/05/2026 0.295 0.100 0.230 0.165 8443WB HIL-WB 0.230 0.030 1.1 0.585 1.080 123.93 25/10/2027
0.100 0.060 0.090 0.090 1562CW BJTOTO-CW 0.090 -0.005 20 2.600 2.400 2.69 28/06/2019 0.075 0.005 0.005 0.005 5819CN HLBANK-CN 0.005 -0.025 20 3.274 21.00 544.47 31/07/2019
0.135 0.070 — — 1562CX BJTOTO-CX 0.125 — — 2.600 2.450 8.65 23/10/2019 0.160 0.030 0.040 0.040 0188WA HLT-WA 0.040 -0.005 95 0.135 0.200 77.78 27/12/2022
0.095 0.090 — — 1562CY BJTOTO-CY 0.095 — — 2.600 2.880 21.73 04/11/2019 0.230 0.050 0.090 0.060 5160WA HOMERIZ-WA 0.075 -0.015 580.5 0.630 0.920 57.94 09/07/2020
0.160 0.140 — — 1562CZ BJTOTO-CZ 0.155 — — 2.600 2.600 11.92 28/02/2020 0.455 0.140 0.255 0.220 0185WA HSSEB-WA 0.255 Unch 70 1.070 1.700 82.71 15/03/2023
0.040 0.010 0.020 0.020 7036WC BORNOIL-WC 0.020 Unch 500 0.045 0.070 100.00 08/11/2025 0.025 0.010 0.020 0.015 7013WC HUBLINE-WC 0.020 -0.005 272 0.055 0.055 36.36 17/12/2023
0.045 0.015 0.020 0.015 7036WD BORNOIL-WD 0.020 Unch 57.5 0.045 0.070 100.00 29/05/2027 0.155 0.060 0.065 0.065 522510 IHH-C10 0.065 Unch 350 5.480 5.400 5.66 28/06/2019
0.220 0.100 — — 6297WA BOXPAK-WA 0.175 — — 1.120 2.040 97.77 13/03/2022 0.165 0.020 0.075 0.075 333621 IJM-C21 0.075 -0.020 0.8 2.070 2.000 4.77 31/05/2019
0.090 0.030 — — 7188WB BTM-WB 0.050 — — 0.105 0.200 138.10 23/10/2024 0.215 0.105 0.150 0.150 333624 IJM-C24 0.150 -0.005 20 2.070 1.880 12.56 02/08/2019
0.155 0.075 — — 181821 BURSA-C21 0.075 — — 6.360 7.500 25.00 23/10/2019 0.250 0.120 0.185 0.170 333625 IJM-C25 0.170 -0.015 519 2.070 1.750 9.18 03/09/2019
0.120 0.015 0.015 0.015 181822 BURSA-C22 0.015 -0.005 100 6.360 7.700 22.48 30/08/2019 0.130 0.085 0.090 0.085 333627 IJM-C27 0.085 -0.005 580 2.070 2.500 33.09 31/10/2019
0.065 0.010 — — 181823 BURSA-C23 0.015 — — 6.360 7.300 16.43 29/11/2019 0.160 0.135 0.140 0.135 333628 IJM-C28 0.135 -0.005 499.5 2.070 2.300 30.68 31/03/2020
0.120 0.030 — — 0191WA CABNET-WA 0.050 — — 0.260 0.500 111.54 02/07/2021 0.120 0.020 0.025 0.020 16627 INARI-C27 0.020 -0.010 321.6 1.580 1.900 24.30 28/06/2019
0.830 0.300 0.430 0.410 7174WA CAB-WA 0.430 0.035 34.6 0.580 0.170 3.45 08/02/2020 0.085 0.025 0.025 0.025 16630 INARI-C30 0.025 -0.005 66 1.580 1.800 18.67 13/06/2019
0.463 0.185 — — 7154WA CAELY-WA 0.270 — — 0.455 0.190 1.10 22/04/2021 0.180 0.095 0.130 0.115 16631 INARI-C31 0.115 -0.020 824.9 1.580 1.280 6.49 02/08/2019
0.190 0.005 — — 7076WA CBIP-WA 0.010 — — 0.707 2.400 240.88 06/11/2019 0.180 0.105 0.120 0.115 16632 INARI-C32 0.115 -0.010 200 1.580 1.500 15.32 31/07/2019
0.330 0.070 0.130 0.120 7035WA CCK-WA 0.125 0.010 4868.2 0.610 0.900 68.03 18/06/2023 0.410 0.200 0.270 0.265 16633 INARI-C33 0.265 -0.030 1.2 1.580 1.300 7.44 31/10/2019
0.060 0.005 0.005 0.005 5195WB CENSOF-WB 0.005 Unch 50 0.145 0.460 220.69 07/10/2019 0.120 0.070 0.070 0.070 16634 INARI-C34 0.070 -0.010 1282.8 1.580 1.500 12.66 31/07/2019
0.280 0.120 0.130 0.120 7187WA CHGP-WA 0.130 0.005 680 0.330 0.200 0.00 07/07/2023 0.130 0.070 0.075 0.075 16636 INARI-C36 0.075 -0.010 40 1.580 1.700 21.84 03/09/2019
0.500 0.280 — — 5738WB CHHB-WB 0.355 — — 1.490 1.200 4.36 20/12/2023 0.180 0.095 0.100 0.095 16637 INARI-C37 0.095 -0.025 40.2 1.580 1.700 19.62 31/12/2019
0.145 0.075 — — 102341 CIMB-C41 0.075 — — 5.130 6.100 27.68 31/05/2019 0.130 0.085 0.100 0.085 16640 INARI-C40 0.085 -0.015 1265 1.580 1.860 31.71 31/10/2019
0.130 0.050 — — 102342 CIMB-C42 0.050 — — 5.130 6.380 30.21 31/05/2019 2.010 0.710 1.100 1.070 0166WB INARI-WB 1.070 -0.060 52.7 1.580 0.533 1.47 17/02/2020
0.170 0.030 0.030 0.030 102345 CIMB-C45 0.030 Unch 50 5.130 5.700 14.62 28/06/2019 0.070 0.020 0.025 0.020 0094WA INIX-WA 0.025 0.005 663.9 0.055 0.100 127.27 16/11/2020
0.145 0.050 — — 102346 CIMB-C46 0.050 — — 5.130 6.000 21.35 30/08/2019 0.265 0.040 0.075 0.065 3379WB INSAS-WB 0.075 Unch 1216 0.755 1.000 42.38 25/02/2020
0.100 0.040 0.040 0.040 102347 CIMB-C47 0.040 Unch 250 5.130 5.800 17.74 03/09/2019 0.340 0.060 0.065 0.060 5249CV IOIPG-CV 0.060 -0.010 71 1.300 1.350 10.77 25/06/2019
0.105 0.085 0.090 0.090 102348 CIMB-C48 0.090 -0.005 149.7 5.130 5.200 11.89 31/01/2020 0.685 0.150 0.585 0.475 4723WB JAKS-WB 0.555 0.060 1463.1 0.770 0.640 55.19 13/12/2023
0.075 0.075 — — 102349 CIMB-C49 0.075 — — 5.130 5.880 21.93 04/11/2019 0.170 0.050 0.160 0.155 0111WC K1-WC 0.155 -0.010 631.1 0.270 0.300 68.52 30/12/2021
0.170 0.150 — — 102350 CIMB-C50 0.150 — — 5.130 5.200 13.06 31/10/2019 0.075 0.010 0.015 0.010 0170WA KANGER-WA 0.015 Unch 2.6 0.045 0.100 155.56 13/04/2020
0.105 0.105 0.105 0.105 102351 CIMB-C51 0.105 -0.045 60 5.130 5.500 17.45 23/12/2019 0.030 0.015 0.020 0.020 3115WC KBUNAI-WC 0.020 Unch 162.3 0.095 0.131 58.95 20/10/2023
0.045 0.025 0.025 0.025 7018WA CME-WA 0.025 Unch 83.3 0.035 0.010 0.00 01/05/2028 0.075 0.055 0.055 0.055 7161CK KERJAYA-CK 0.055 Unch 50 1.260 1.600 40.08 07/10/2019
0.095 0.080 — — 285214 CMSB-C14 0.085 — — 3.290 3.500 24.47 28/06/2019 0.325 0.140 0.230 0.210 7161WB KERJAYA-WB 0.230 Unch 50 1.260 1.600 45.24 28/02/2023
0.165 0.075 0.110 0.075 285215 CMSB-C15 0.110 0.020 140.2 3.290 3.000 7.90 30/05/2019 0.920 0.260 0.820 0.800 0151WA KGB-WA 0.800 -0.030 91 1.300 0.500 0.00 12/06/2019
0.090 0.020 — — 0102WA CONNECT-WA 0.035 — — 0.085 0.100 58.82 17/09/2021 0.030 0.005 0.005 0.005 0036WB KGROUP-WB 0.005 -0.005 100 0.040 0.200 412.50 01/05/2020
0.105 0.025 — — 0102WB CONNECT-WB 0.025 — — 0.085 0.100 47.06 07/06/2021 0.400 0.160 0.285 0.265 5027WB KMLOONG-WB 0.285 0.025 71.7 1.190 1.400 41.60 10/04/2025
0.475 0.110 0.345 0.335 8125WB DAIBOCI-WB 0.335 Unch 44.3 2.180 2.500 30.05 19/06/2022 0.055 0.010 0.045 0.040 7164WB KNM-WB 0.045 Unch 2523 0.185 1.000 464.86 21/04/2020
0.440 0.100 0.370 0.360 5276WA DANCO-WA 0.360 -0.010 715.5 0.610 0.300 8.20 22/05/2022 0.090 0.010 0.060 0.055 7017WB KOMARK-WB 0.060 0.005 790.7 0.295 0.230 -1.69 21/01/2020
0.015 0.005 0.010 0.005 7179WB DBE-WB 0.010 Unch 211 0.030 0.050 100.00 22/01/2022 0.045 0.005 0.005 0.005 5172WA KSTAR-WA 0.005 -0.005 10 0.075 0.080 13.33 10/04/2021
0.150 0.030 0.090 0.090 3484WA DBHD-WA 0.090 Unch 20 0.440 0.580 52.27 27/11/2020 0.285 0.080 0.265 0.265 3794CF LAFMSIA-CF 0.265 Unch 30 3.730 2.700 7.91 28/02/2020
0.075 0.015 — — 0152WB DGB-WB 0.015 — — 0.100 0.120 35.00 27/06/2021 0.035 0.010 0.020 0.010 0018WB LAMBO-WB 0.015 Unch 61973.5 0.080 0.160 118.75 29/04/2024
0.125 0.040 — — 727736 DIALOG-C36 0.040 — — 3.130 3.550 19.81 28/06/2019 0.630 0.125 0.230 0.210 9385WA LAYHONG-WA 0.215 0.005 25139.5 0.475 0.400 29.47 13/10/2021
0.145 0.015 — — 727737 DIALOG-C37 0.015 — — 3.130 3.500 13.26 31/07/2019 0.450 0.135 0.195 0.160 5789WB LBS-WB 0.195 -0.005 11.4 0.585 0.560 29.06 04/10/2020
0.040 0.025 — — 727738 DIALOG-C38 0.025 — — 3.130 3.800 24.20 30/05/2019 0.220 0.030 0.075 0.065 8745WB LEWEKO-WB 0.075 0.015 199.7 0.195 0.200 41.03 08/09/2020
0.220 0.065 — — 727740 DIALOG-C40 0.075 — — 3.130 3.300 12.14 28/06/2019 0.157 0.015 0.020 0.020 7126WA LONBISC-WA 0.020 Unch 89 0.320 0.800 156.25 26/01/2020
0.130 0.055 0.055 0.055 727741 DIALOG-C41 0.055 -0.010 1200 3.130 3.250 9.98 25/06/2019 0.055 0.025 0.025 0.025 5068WA LUSTER-WA 0.025 Unch 200 0.075 0.100 66.67 03/06/2022
0.160 0.090 0.090 0.090 727742 DIALOG-C42 0.090 -0.035 0.2 3.130 3.500 19.01 30/08/2019 0.085 0.030 0.030 0.030 5068WB LUSTER-WB 0.030 -0.005 75.4 0.075 0.100 73.33 26/05/2023
0.100 0.070 — — 727743 DIALOG-C43 0.090 — — 3.130 3.400 20.13 03/09/2019 0.065 0.010 0.030 0.020 0140WA MACPIE-WA 0.025 0.005 24915 0.155 0.480 225.81 17/02/2021
0.150 0.150 — — 727746 DIALOG-C46 0.150 — — 3.130 3.280 23.96 31/03/2020 0.100 0.010 0.015 0.015 8583WC MAHSING-WC 0.015 -0.005 40.1 0.960 2.100 120.31 21/02/2020
0.150 0.005 0.035 0.030 694724 DIGI-C24 0.030 -0.010 130.3 4.790 4.750 1.04 31/05/2019 0.065 0.005 0.005 0.005 526415 MALAKOFC15 0.005 -0.005 120 0.418 1.000 140.43 28/06/2019
0.185 0.075 — — 694725 DIGI-C25 0.085 — — 4.790 4.700 5.22 31/05/2019 0.105 0.015 0.020 0.015 526418 MALAKOFC18 0.015 -0.010 1194.5 0.835 0.900 10.48 25/06/2019
0.145 0.070 — — 694726 DIGI-C26 0.070 — — 4.790 4.500 -0.21 25/06/2019 0.155 0.100 0.100 0.100 526423 MALAKOFC23 0.100 -0.055 100 0.835 0.915 21.56 29/11/2019
0.145 0.045 0.075 0.075 694727 DIGI-C27 0.075 -0.010 100 4.790 4.880 7.36 17/06/2019 0.295 0.105 0.120 0.120 5236WA MATRIX-WA 0.120 -0.005 108.8 1.940 2.400 29.90 20/07/2020
0.300 0.015 0.035 0.035 694728 DIGI-C28 0.035 -0.005 217 4.790 5.000 7.89 28/06/2019 0.080 0.045 0.060 0.050 601210 MAXIS-C10 0.050 -0.010 21 5.360 5.600 9.14 31/12/2019
0.165 0.055 0.070 0.065 4456WD DNEX-WD 0.065 Unch 847.2 0.270 0.500 109.26 30/07/2021 0.070 0.005 0.005 0.005 115546 MAYBANKC46 0.005 Unch 12 4.640 10.000 116.59 28/06/2019
0.415 0.105 — — 7114WA DNONCE-WA 0.200 — — 0.435 0.250 3.45 25/11/2020 0.135 0.030 0.030 0.030 115550 MAYBANKC50 0.030 Unch 400.1 8.970 9.200 4.91 25/06/2019
0.060 0.015 0.035 0.030 5265WA DOLPHIN-WA 0.030 -0.005 698 0.130 0.800 538.46 29/03/2021 0.065 0.030 0.035 0.030 115552 MAYBANKC52 0.030 -0.005 224.5 8.970 9.500 8.25 29/11/2019
0.250 0.060 — — 7169WA DOMINAN-WA 0.075 — — 1.230 1.300 11.79 10/09/2020 0.455 0.250 0.435 0.430 5152WA MBL-WA 0.435 0.005 22.6 1.230 0.800 0.41 28/11/2022
0.055 0.015 — — 7198WB DPS-WB 0.035 — — 0.085 0.100 58.82 15/01/2025 0.095 0.015 0.015 0.015 117117 MBSB-C17 0.015 Unch 100 0.980 1.010 4.97 31/07/2019
0.160 0.005 0.005 0.005 161964 DRBHCOMC64 0.005 Unch 1023.1 1.080 2.400 123.61 31/05/2019 0.055 0.055 0.055 0.055 117124 MBSB-C24 0.055 Unch 100 0.980 1.000 10.46 28/02/2020
0.185 0.070 0.110 0.105 161968 DRBHCOMC68 0.105 -0.020 59 2.120 1.900 5.97 28/06/2019 0.050 0.015 0.015 0.015 5040WB MERIDIAN-WB 0.015 Unch 112 0.265 0.900 245.28 22/04/2022
0.200 0.115 — — 161969 DRBHCOMC69 0.170 — — 2.120 1.750 10.61 30/08/2019 0.140 0.050 0.100 0.100 7234WA MESB-WA 0.100 Unch 9.8 0.290 0.300 37.93 27/12/2022
0.275 0.095 0.220 0.205 161970 DRBHCOMC70 0.210 -0.010 1129.8 2.120 1.800 4.72 31/10/2019 0.160 0.135 0.135 0.135 3069CE MFCB-CE 0.135 -0.010 319.6 3.640 3.800 19.23 31/03/2020
0.170 0.110 — — 161971 DRBHCOMC71 0.170 — — 2.120 1.880 12.74 30/08/2019 1.940 1.010 1.600 1.550 3069WA MFCB-WA 1.600 0.020 47.8 3.640 2.220 4.95 08/04/2020
0.190 0.110 — — 161972 DRBHCOMC72 0.150 — — 2.120 1.880 11.32 30/08/2019 0.570 0.125 0.470 0.450 3662WC MFLOUR-WC 0.455 -0.015 5752.1 0.765 0.680 48.37 23/01/2024
0.150 0.090 0.115 0.110 161973 DRBHCOMC73 0.115 -0.005 120 2.120 2.100 15.33 03/09/2019 0.150 0.045 0.045 0.045 5286CF MI-CF 0.045 -0.020 0.5 2.060 2.880 48.54 30/08/2019
0.140 0.080 0.105 0.105 161974 DRBHCOMC74 0.105 -0.005 1663.7 2.120 2.350 24.72 30/09/2019 0.106 0.035 0.060 0.055 5576WC MINHO-WC 0.060 -0.005 95 0.285 0.320 33.33 02/08/2021
0.155 0.065 0.125 0.110 161975 DRBHCOMC75 0.120 -0.005 722.6 2.120 2.000 11.32 31/12/2019 0.130 0.015 0.050 0.050 9571WD MITRA-WD 0.050 0.005 25 0.375 0.940 164.00 23/08/2020
0.145 0.090 — — 161976 DRBHCOMC76 0.115 — — 2.120 2.380 28.54 14/10/2019 0.180 0.050 0.090 0.090 9571WE MITRA-WE 0.090 Unch 0.3 0.375 0.940 174.67 17/04/2023
0.190 0.150 — — 161977 DRBHCOMC77 0.160 — — 2.120 2.100 21.70 26/11/2019 0.013 0.003 0.005 0.005 0085WB MLAB-WB 0.005 Unch 278 0.050 0.150 210.00 10/09/2020
0.215 0.170 0.180 0.170 161978 DRBHCOMC78 0.175 -0.005 130 2.120 1.950 15.09 31/10/2019 0.095 0.045 0.065 0.065 0034WB MMAG-WB 0.065 Unch 937.5 0.220 0.200 20.45 27/11/2022
0.120 0.100 — — 161979 DRBHCOMC79 0.100 — — 2.120 2.200 17.92 28/02/2020 0.070 0.040 0.045 0.040 219412 MMCCORPC12 0.045 0.005 310.8 1.030 1.200 31.80 30/09/2019
0.300 0.050 0.085 0.080 5216WA DSONIC-WA 0.085 Unch 1306.9 0.465 1.090 152.69 05/07/2023 0.085 0.055 0.055 0.055 219413 MMCCORPC13 0.055 Unch 160 1.030 1.380 44.66 14/10/2019
0.850 0.170 0.280 0.265 7165WA DWL-WA 0.265 -0.005 1996.8 0.915 0.600 -5.46 07/04/2021 0.035 0.005 0.010 0.010 0103WA MNC-WA 0.010 Unch 1091.1 0.035 0.100 214.29 05/11/2021
0.090 0.030 0.035 0.035 5178WA DYNACIA-WA 0.035 Unch 340 0.085 0.120 82.35 26/12/2023 0.265 0.085 0.200 0.190 165139 MRCB-C39 0.190 -0.015 100 1.000 0.630 1.00 02/08/2019
0.110 0.070 — — 341713 E&O-C13 0.070 — — 0.850 1.050 44.12 30/09/2019 0.135 0.055 0.090 0.080 165142 MRCB-C42 0.085 -0.010 920.2 1.000 1.080 25.00 30/09/2019
0.090 0.065 0.065 0.065 341714 E&O-C14 0.065 -0.005 300 0.850 0.950 27.06 25/09/2019 0.210 0.085 0.145 0.130 165143 MRCB-C43 0.130 -0.015 200 1.000 0.950 14.50 30/09/2019
0.105 0.085 — — 341715 E&O-C15 0.090 — — 0.850 1.180 60.00 14/10/2019 0.150 0.085 0.110 0.100 165145 MRCB-C45 0.100 -0.010 173.8 1.000 0.980 18.00 14/10/2019
0.005 0.005 — — 0154WC EAH-WC 0.005 — — 0.015 0.070 400.00 18/06/2019 0.165 0.085 0.105 0.105 165146 MRCB-C46 0.105 -0.005 40 1.000 1.000 15.75 31/01/2020
FRIDAY M AY 1 0 , 20 1 9 • T HE E DG E FINA NCIA L DA ILY
Markets 2 9
G L O B A L M A R K E T S . B U R S A M A L AY S I A E Q U I T Y D E R I VAT I V E S

Australia/New Zealand — Australian
shares gain on Telstra, Qantas; NZ at
record high
SYDNEY: Australian stocks firmed yesterday,
bucking a trend in Asia, as the antitrust
regulator’s move to block a merger between
the country’s third and fourth-largest
telecomunication companies (telcos)
boosted Telstra, while Qantas Airways rose
after forecasting record annual revenue.
The S&P/ASX 200 Index rose 0.42% or
26.2 points to 6,295.3 at the close of trade.
The benchmark dipped 0.4% on Wednesday.
However, broader Asian shares fell to an
eight-week low as investors steered clear of
riskier assets ahead of fresh Chinese and US
trade talks, which start late yesterday.
Beijing has said it will retaliate if
Washington increases tariffs on US$200
billion of Chinese imports today, a move
that could cut global growth.
Telstra Corp, Australia’s largest teleco firm,
had its best day in over three months and
was among the top boosts to the benchmark.
Analysts said that the Australian
Competition and Consumer Commission’s
rejection of a deal between TPG Telecom
and Vodafone’s Australian joint venture
could benefit the ailing telco.
“TPG seemed to be unwilling and
probably not able to build a competing 5G
network, so Telstra is very much going to have
that to itself with Optus,” Henry Jennings,
senior investment analyst and portfolio
manager at Marcus Today newsletter said. as investors remained cautious about the “It’s consistent with people being unsure
The combined group of TPG and Vodafone latest developments on US-China trade talks about what’s actually going to come out of
would have been a stronger competitor but even after hopeful comments from the White Washington this week,” said Keith Lerner,
the decision takes it “out of the game”, he House regarding an eventual agreement. chief market strategist at SunTrust Advisory
added. A late slide in shares of Intel Corp Services in Atlanta.
TPG shares ended the day 0.3% lower aftercontributed to losses in the last half-hour The Dow Jones Industrial Average rose
plunging more than 13% on Wednesday. of trading. Shares of the chipmaker fell 2.24 points or 0.01% to 25,967.33, the S&P
Gains were also underpinned by 2.5% after the company’s outlook during its 500 lost 4.63 points or 0.16% to 2,879.42 and
Australia’s largest airline Qantas Airways, investor day presentation was disappointing. the Nasdaq Composite dropped 20.44 points
as it posted its biggest percentage gain since Wall Street had edged higher for much of or 0.26% to 7,943.32.
April 2 after reporting a small rise in third-
the session after White House spokeswoman The benchmark S&P 500 is now 2.5%
quarter revenue and forecasting record Sarah Sanders said that the US had received below its record high of 2,954.13 hit last
annual revenue. an indication from Beijing that China wants week.
Energy stocks climbed 1.3% on the back to make a trade deal. China’s lead negotiator, Shares of Walt Disney Co rose 1.2% ahead
of the strength in oil prices. Oil prices rose
Vice Premier Liu He, now in Washington to of its quarterly results. Disney was the top
1% overnight before trimming some of the discuss the issue. boost to the S&P 500.
gains in yesterday’s session. Still, the US government said in its official Disney shares were last up 0.8% in
Woodside Petroleum firmed to a more journal that it would raise tariffs on US$200 aftermarket trading.
than one-week high. billion worth of Chinese goods to 25% today. McKesson Corp shares climbed 4.8%
In New Zealand, the benchmark S&P/ China’s commerce ministry later said it would after the drug distributor’s quarterly results
NZX 50 Index rose 0.4% or 41.3 points to have to take retaliatory measures if US tariffs eased concerns about pricing pressures and
finish at a record high 10,104.35. were raised. costs related to opioid-related litigation.
The Reserve Bank of New Zealand The mixed tone of trade developments Conversely, TripAdvisor Inc shares
lowered the official cash rate to an all-timemade it difficult for US stocks to sustain their tumbled 11.4%, the most among S&P 500
trough of 1.5% on Wednesday. rally, investors said. companies, after the online travel company’s
Auckland International Airport climbed “The last 30 minutes let you know that quarterly revenue missed analysts’ estimates.
to its highest since April 2, and Fisher and people are still leaning bearish mid-week,” With earnings season entering its final
Paykel Healthcare Corp reached a more than said Michael Antonelli, market strategist at stretch, first-quarter profits are now seen
two-week peak.. Robert W Baird in Milwaukee. rising 1.2%, a sharp improvement from the
Even as the S&P 500 rose in the afternoon, 2.3% decline expected at the start of the
US — Wall St falls as investors cautious defensive sectors such as real estate and season.
on trade; Intel slides healthcare were among the index’s top Of the 426 S&P companies that have
gainers. The trade-sensitive industrial sector reported so far, about 75% have beaten
NEW YORK: The benchmark S&P 500 Index ended little changed, while Intel’s decline profit estimates, according to Refinitiv data.
fell on Wednesday for the third day in a row dragged down technology shares. — Reuters

ASX 200 Shanghai Composite Dow Jones Euro STOXX 50 Index

Index points Index points
Index points Index points
6350 5800 27500 3900
2,850.95
-42.80
(-1.48%)
5625 4825 23025 3415
2,772.70
4900 3850 18550 2930
10,403.79
6,295.30 3,087.842
4175
+26.20 2875 14075 25,967.33 2445 3,417.26
(+0.42%) +16.10
+2.24
4,686.53 (+0.01%) (+0.47%)
3450 1900 9600 1960
Mar 1, 2010 May 9, 2019 Mar 1, 2010 May 9, 2019 Mar 1, 2010 May 8, 2019 Mar 1, 2010 May 8, 2019

Bursa Malaysia Equity Derivatives

Main Market & Ace Market Warrants YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY
0.070 0.005 0.040 0.035 7158WB SCOMI-WB 0.035 0.005 2526.3 0.100 0.210 145.00 18/02/2023
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE 0.115 0.020 0.030 0.025 7073WC SEACERA-WC 0.030 Unch 520.1 0.195 1.000 428.21 21/01/2021
0.170 0.130 0.130 0.130 5279CT SERBADK-CT 0.130 -0.010 15 4.030 4.150 15.88 31/10/2019
0.370 0.180 0.300 0.285 1651WB MRCB-WB 0.290 -0.010 1097.7 1.000 1.250 54.00 29/10/2027 0.170 0.050 0.070 0.070 7246WA SIGN-WA 0.070 Unch 20 0.505 0.970 105.94 21/04/2021
0.040 0.025 0.030 0.030 0043WA MTRONIC-WA 0.030 Unch 8054.7 0.075 0.080 46.67 16/04/2022 0.145 0.050 0.095 0.090 9776WC SMCAP-WC 0.090 Unch 385.9 0.190 0.200 52.63 29/08/2023
0.110 0.030 0.085 0.085 5087WA MYCRON-WA 0.085 0.005 30 0.315 0.600 117.46 26/01/2024 0.130 0.040 0.050 0.045 0129WA SRIDGE-WA 0.045 -0.005 140 0.200 0.180 12.50 24/02/2023
0.200 0.050 0.105 0.105 13855 MYEG-C55 0.105 -0.020 10 1.420 1.200 6.69 28/06/2019 0.185 0.095 0.150 0.145 0080WA STRAITS-WA 0.145 Unch 1342 0.245 0.115 6.12 10/08/2022
0.325 0.110 0.215 0.205 13857 MYEG-C57 0.205 -0.030 1131 1.420 1.000 6.51 30/08/2019 0.350 0.035 0.095 0.095 3743WA SUNSURIA-WA 0.095 Unch 325.8 0.690 1.500 131.16 22/07/2020
0.215 0.060 0.135 0.125 13858 MYEG-C58 0.125 -0.015 600.4 1.420 1.200 10.92 02/08/2019 0.450 0.210 0.385 0.370 5211WB SUNWAY-WB 0.385 Unch 106.6 1.680 1.790 29.46 03/10/2024
0.300 0.105 0.215 0.205 13859 MYEG-C59 0.205 -0.015 1383 1.420 0.880 5.28 30/08/2019 0.230 0.010 0.010 0.010 710654 SUPERMX-C54 0.010 -0.030 20 1.490 1.750 19.13 31/05/2019
0.390 0.115 0.265 0.255 13860 MYEG-C60 0.255 -0.035 7 1.420 1.100 13.38 29/11/2019 0.225 0.010 0.010 0.010 710655 SUPERMX-C55 0.010 -0.005 95.8 1.490 1.750 18.79 31/07/2019
0.220 0.075 0.145 0.140 13861 MYEG-C61 0.140 -0.005 1490 1.420 1.300 21.13 30/09/2019 0.310 0.060 0.065 0.065 710656 SUPERMX-C56 0.065 0.005 200 1.490 1.400 4.87 30/05/2019
0.295 0.100 0.195 0.185 13862 MYEG-C62 0.190 -0.025 298.6 1.420 1.100 10.92 17/09/2019 0.260 0.050 0.055 0.050 710659 SUPERMX-C59 0.050 -0.005 245 1.490 1.500 9.06 30/08/2019
0.240 0.090 0.150 0.150 13863 MYEG-C63 0.150 -0.015 1340 1.420 1.200 16.20 23/10/2019 0.075 0.040 0.040 0.040 710663 SUPERMX-C63 0.040 -0.005 100 1.490 2.080 46.31 30/09/2019
0.195 0.105 0.125 0.115 13865 MYEG-C65 0.120 -0.015 5495.9 1.420 1.500 29.30 30/09/2019 0.115 0.080 0.085 0.080 710667 SUPERMX-C67 0.080 -0.010 400 1.490 1.600 20.81 30/09/2019
0.140 0.080 0.090 0.080 13867 MYEG-C67 0.080 -0.015 207 1.420 1.880 49.30 14/10/2019 0.135 0.125 0.125 0.125 710669 SUPERMX-C69 0.125 Unch 100 1.490 1.450 14.09 28/02/2020
0.180 0.090 0.110 0.100 13868 MYEG-C68 0.100 -0.010 2982.5 1.420 1.850 46.48 31/10/2019 0.295 0.050 0.295 0.275 6139CC TAKAFUL-CC 0.275 Unch 142.8 6.180 4.600 1.13 29/11/2019
0.165 0.090 0.095 0.095 13869 MYEG-C69 0.095 -0.015 100.4 1.420 1.650 36.27 31/01/2020 0.185 0.065 0.185 0.165 6139CE TAKAFUL-CE 0.175 0.010 853.5 6.180 5.300 2.75 31/01/2020
0.305 0.215 0.230 0.215 0108WB N2N-WB 0.230 0.010 68 0.715 0.830 48.25 08/01/2024 0.180 0.120 0.150 0.150 8524CE TALIWRK-CE 0.150 0.005 20 0.970 0.865 12.37 29/11/2019
0.085 0.015 0.025 0.015 4707CE NESTLE-CE 0.015 -0.005 40 144.9 148.0 3.10 28/06/2019 0.205 0.025 0.025 0.025 7200WA TEKSENG-WA 0.025 -0.005 20 0.225 0.250 22.22 29/01/2020
0.025 0.005 0.005 0.005 0096WC NEXGRAM-WC 0.005 Unch 3000 0.020 0.100 425.00 15/01/2024 0.140 0.010 0.015 0.015 534751 TENAGA-C51 0.015 Unch 5 11.940 14.000 18.51 30/08/2019
0.335 0.050 0.150 0.145 7241WA NGGB-WA 0.150 Unch 514 0.410 0.600 82.93 18/10/2020 0.125 0.030 0.035 0.035 534754 TENAGA-C54 0.035 Unch 100 11.940 13.800 17.92 23/10/2019
0.410 0.200 0.215 0.215 0083WC NOTION-WC 0.215 -0.015 1 0.555 0.840 90.09 14/03/2023 0.095 0.060 0.060 0.060 534755 TENAGA-C55 0.060 Unch 200 11.940 13.000 15.41 30/09/2019
0.200 0.065 0.085 0.080 0172WA OCK-WA 0.085 0.005 2565.6 0.480 0.710 65.63 15/12/2020 0.075 0.050 0.060 0.050 534757 TENAGA-C57 0.055 Unch 498.5 11.940 12.600 10.13 31/01/2020
0.140 0.025 0.045 0.035 7071WC OCR-WC 0.045 0.005 101 0.310 0.500 75.81 24/07/2021 0.450 0.100 0.450 0.350 7252WA TEOSENG-WA 0.370 0.030 6966.4 1.360 1.350 26.47 29/01/2020
0.125 0.045 0.085 0.085 7071WD OCR-WD 0.085 Unch 185 0.310 0.220 -1.61 18/02/2022 1.700 0.705 1.240 1.180 7034WA TGUAN-WA 1.200 -0.070 38.2 2.710 1.500 -0.37 09/10/2019
0.145 0.015 0.095 0.090 0079WA ORION-WA 0.090 -0.005 3489.9 0.170 0.170 52.94 26/07/2022 0.264 0.029 0.060 0.060 7889WB THRIVEN-WB 0.060 -0.005 7.8 0.225 0.480 140.00 05/10/2020
0.210 0.030 0.035 0.035 5053WC OSK-WC 0.035 Unch 81.6 0.940 1.200 31.38 22/07/2020 0.390 0.115 0.245 0.245 486337 TM-C37 0.245 -0.010 20 2.770 2.150 4.15 30/09/2019
0.365 0.100 0.165 0.165 5260WA OWG-WA 0.165 -0.010 20 0.550 0.800 75.45 29/09/2023 0.165 0.005 0.010 0.005 0101WB TMCLIFE-WB 0.010 -0.005 3360 0.730 0.750 4.11 21/06/2019
0.160 0.095 0.115 0.115 7052CX PADINI-CX 0.115 Unch 99 3.860 3.900 15.93 30/08/2019 0.345 0.110 0.125 0.110 7285WA TOMYPAK-WA 0.125 Unch 75.4 0.495 0.930 113.13 21/06/2021
0.130 0.065 0.075 0.075 7052CY PADINI-CY 0.075 0.005 900 3.860 4.000 15.28 31/07/2019 0.145 0.015 0.015 0.015 711344 TOPGLOV-C44 0.015 Unch 200 4.760 6.600 40.39 31/07/2019
0.155 0.105 0.120 0.120 7052CZ PADINI-CZ 0.120 0.015 200 3.860 3.900 13.47 30/08/2019 0.175 0.120 0.140 0.135 711349 TOPGLOV-C49 0.135 -0.005 900 4.760 5.000 19.22 30/09/2019
0.280 0.163 0.205 0.195 8419WA PANSAR-WA 0.205 Unch 30.6 0.530 0.630 57.55 06/06/2023 0.160 0.105 0.125 0.120 711351 TOPGLOV-C51 0.125 -0.010 3790 4.760 4.880 15.65 30/09/2019
0.210 0.045 0.115 0.115 5125WA PANTECH-WA 0.115 Unch 35.3 0.540 0.500 13.89 21/12/2020 0.235 0.180 0.200 0.200 711352 TOPGLOV-C52 0.200 -0.005 360.7 4.760 4.280 10.92 30/09/2019
0.210 0.060 0.130 0.130 5125WB PANTECH-WB 0.130 -0.005 65.7 0.540 0.500 16.67 21/12/2021 0.170 0.145 0.150 0.145 711355 TOPGLOV-C55 0.150 -0.005 1.8 4.760 4.500 10.29 28/02/2020
0.055 0.025 0.035 0.035 7225WB PA-WB 0.035 Unch 313 0.055 0.060 72.73 17/12/2022 0.260 0.080 0.115 0.110 7173WB TOYOINK-WB 0.110 Unch 100 0.735 1.500 119.05 06/11/2023
0.065 0.045 0.050 0.050 129533 PBBANK-C33 0.050 -0.005 100 22.280 23.000 6.60 31/01/2020 0.270 0.110 0.225 0.195 7176WA TPC-WA 0.220 0.030 255 0.425 0.200 -1.18 19/01/2021
0.290 0.035 0.210 0.195 6068WA PCCS-WA 0.205 -0.005 1537.5 0.430 0.600 87.21 25/12/2022 0.020 0.005 0.005 0.005 0118WB TRIVE-WB 0.005 -0.005 50 0.015 0.090 533.33 28/08/2020
0.125 0.010 0.010 0.010 518325 PCHEM-C25 0.010 -0.010 889 4.425 10.300 133.90 17/06/2019 0.115 0.080 0.085 0.080 514867 UEMS-C67 0.085 0.005 200 0.885 0.950 21.75 31/10/2019
0.160 0.100 0.105 0.100 518329 PCHEM-C29 0.105 -0.005 580 8.900 8.500 4.94 17/09/2019 0.110 0.095 0.095 0.095 514868 UEMS-C68 0.095 Unch 699 0.885 0.865 19.21 31/03/2020
0.250 0.090 0.095 0.090 9997WB PENSONI-WB 0.095 Unch 170.2 0.410 0.600 69.51 20/01/2024 0.260 0.105 0.155 0.155 458813 UMW-C13 0.155 -0.005 107.1 5.500 4.700 2.36 30/08/2019
0.150 0.030 0.050 0.040 8311WC PESONA-WC 0.050 0.005 80.1 0.240 0.250 25.00 27/01/2020 0.120 0.075 0.090 0.090 524327 VELESTO-C27 0.090 -0.005 200 0.285 0.210 14.74 30/09/2019
0.160 0.105 0.120 0.115 886927 PMETAL-C27 0.115 -0.010 0.4 4.460 4.300 9.30 31/12/2019 0.160 0.050 0.115 0.110 5243WA VELESTO-WA 0.110 -0.005 1747 0.285 0.395 77.19 18/10/2024
0.175 0.140 0.140 0.140 886928 PMETAL-C28 0.140 -0.005 50 4.460 4.200 13.00 14/10/2019 0.355 0.120 0.130 0.130 0120WB VIS-WB 0.130 Unch 58 0.415 0.750 112.05 16/11/2022
4.880 3.330 4.050 4.030 8869WC PMETAL-WC 4.030 -0.110 50 4.461 0.390 -0.92 22/08/2019 0.015 0.005 0.005 0.005 0069WE VIVOCOM-WE 0.005 Unch 1.1 0.025 0.050 120.00 22/08/2023
0.620 0.330 0.500 0.500 7088WB POHUAT-WB 0.500 Unch 10 1.520 1.000 -1.32 21/10/2020 0.670 0.310 0.530 0.505 7070WC VIZIONE-WC 0.520 -0.020 632.2 1.020 0.700 19.61 05/02/2022
0.240 0.075 0.075 0.075 463433 POS-C33 0.075 Unch 70 1.790 2.000 20.11 31/10/2019 0.135 0.070 0.075 0.075 696310 VS-C10 0.075 -0.010 13.3 1.070 1.200 29.67 31/07/2019
0.500 0.300 0.305 0.300 7168WA PRG-WA 0.300 -0.005 140.3 0.705 0.375 -4.26 06/07/2019 0.085 0.055 0.060 0.060 696314 VS-C14 0.060 -0.005 1600 1.070 1.450 52.90 31/10/2019
0.155 0.035 0.065 0.065 5070WA PRTASCO-WA 0.065 -0.005 300 0.270 0.750 201.85 25/04/2023 0.185 0.115 0.120 0.120 696315 VS-C15 0.120 -0.010 400.1 1.070 1.080 23.36 29/11/2019
0.095 0.010 0.025 0.020 7145WA PSIPTEK-WA 0.020 -0.005 86.5 0.120 0.100 0.00 16/11/2019 0.170 0.095 0.130 0.130 6963C9 VS-C9 0.130 Unch 2280 1.070 0.880 12.62 02/08/2019
0.150 0.040 0.050 0.045 0186WA PTRANS-WA 0.050 0.005 693.3 0.225 0.235 26.67 19/09/2020 0.105 0.035 0.060 0.060 967916 WCT-C16 0.060 Unch 300 0.990 0.850 4.04 21/05/2019
0.550 0.210 0.275 0.275 7237WA PWROOT-WA 0.275 Unch 0.4 1.350 1.540 34.44 24/07/2023 0.220 0.045 0.140 0.130 9679WE WCT-WE 0.130 -0.010 6481.8 0.990 2.080 123.23 27/08/2020
0.135 0.045 0.060 0.055 5256WA REACH-WA 0.055 Unch 243.9 0.255 0.750 215.69 12/08/2022 0.180 0.095 0.130 0.115 0197WA WEGMANS-WA 0.130 0.005 25.1 0.300 0.300 43.33 13/01/2022
0.495 0.330 0.435 0.420 0200WA REVENUE-WA 0.430 -0.005 983.5 1.250 1.250 34.40 14/01/2024 0.180 0.070 0.080 0.075 0162WA WIDAD-WA 0.080 Unch 896.5 0.265 0.350 62.26 05/08/2023
0.200 0.040 0.105 0.100 9954WB RGTBHD-WB 0.100 -0.005 68 0.170 0.100 17.65 14/05/2023 0.260 0.070 0.095 0.095 7245WA WZSATU-WA 0.095 Unch 56.3 0.230 0.380 106.52 28/10/2024
0.130 0.075 0.100 0.085 106612 RHBBANKC12 0.085 -0.005 147 5.750 5.800 7.08 31/07/2019 0.030 0.005 0.010 0.010 5156WD XDL-WD 0.010 Unch 7.5 0.080 0.180 137.50 17/01/2022
0.115 0.055 0.095 0.085 106613 RHBBANKC13 0.085 -0.010 100.8 5.750 5.600 4.78 29/11/2019 0.130 0.015 0.040 0.030 7293CT YINSON-CT 0.040 -0.005 232.7 4.800 4.680 1.25 31/05/2019
0.155 0.120 0.125 0.125 106614 RHBBANKC14 0.125 -0.010 300 5.750 6.080 14.43 14/10/2019 0.160 0.095 0.125 0.120 7293CW YINSON-CW 0.125 -0.005 411.1 4.800 4.350 3.65 31/12/2019
0.100 0.080 0.095 0.090 106616 RHBBANKC16 0.090 0.005 134 5.750 5.500 5.04 14/10/2019 0.060 0.010 0.010 0.010 7020WB YKGI-WB 0.010 Unch 90.5 0.115 0.500 343.48 28/05/2020
0.180 0.055 0.090 0.090 8567WB SALCON-WB 0.090 Unch 240 0.280 0.300 39.29 19/07/2025 0.990 0.085 0.115 0.115 7066WA YONGTAI-WA 0.115 Unch 321.3 0.355 0.500 73.24 24/06/2020
0.030 0.015 0.015 0.015 0133WE SANICHI-WE 0.015 Unch 170 0.055 0.100 109.09 13/12/2021 0.090 0.055 0.055 0.055 467724 YTL-C24 0.055 -0.010 20 1.120 1.200 16.96 17/09/2019
0.100 0.060 0.065 0.065 521876 SAPNRGC76 0.065 -0.010 0.1 0.320 0.420 59.69 31/01/2020 0.150 0.105 0.105 0.105 467726 YTL-C26 0.105 Unch 100 1.120 1.180 24.11 31/03/2020
0.180 0.085 0.135 0.125 5218WA SAPNRG-WA 0.130 Unch 6201.2 0.320 0.490 93.75 23/01/2026
0.095 0.020 0.035 0.035 0161WA SCH-WA 0.035 Unch 509 0.115 0.100 17.39 04/12/2021
Please refer to the Bursa Malaysia website for the prices of loan stocks, bonds and overseas structure warrants
3 0 Markets FR I DAY M AY 1 0 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

INSIDER MOVES . TRADING THEMES . EVENTS . FOREX

Insider moves (Filings on May 8, 2019) Trading themes

Insider Moves show what substantial shareholders are doing with their stakes, which could be a signal of their views on the company’s outlook. French quarterly gross domestic product (GDP) breakdown
COMPANY SHARES ACQUIRED DIRECTOR/SUBSTANTIAL SHARES HELD TRANSACTION
(DISPOSED) SHAREHOLDER AFTER CHANGE DATE
AMMB 1,152,000 EMPLOYEES PROVIDENT FUND BOARD 221,310,937 3/5
BERMAZ AUTO (204,800) EMPLOYEES PROVIDENT FUND BOARD 128,487,800 3/5
BUMI ARMADA (2,000,100) EMPLOYEES PROVIDENT FUND BOARD 432,954,400 3/5
CAHYA MATA SARAWAK (448,800) EMPLOYEES PROVIDENT FUND BOARD 121,158,627 2/5
COASTAL CONTRACTS 110,000 SAMARANG UCITS - SAMARANG ASIAN 39,008,100 7/5
PROSPERITY
DIALOG GROUP (1,000,000) EMPLOYEES PROVIDENT FUND BOARD 488,919,116 3/5
DIGI.COM 364,600 EMPLOYEES PROVIDENT FUND BOARD 1,092,522,540 3/5
D’NONCE TECHNOLOGY (5,800,000) BM SYNERGY HOLDING S/B 35,070,000 6/5
DRB-HICOM 1,795,000 EMPLOYEES PROVIDENT FUND BOARD 172,040,797 30/4
DUTCH LADY MILK INDUSTRIES (100,000) EMPLOYEES PROVIDENT FUND BOARD 5,790,800 2/5
EXCEL FORCE MSC (4,123,200) BRAHMAL VASUDEVAN 23,187,200 6 & 7/5
FGV 292,100 KUMPULAN WANG PERSARAAN 203,859,600 7/5
(DIPERBADANKAN)
FRASER & NEAVE (231,900) EMPLOYEES PROVIDENT FUND BOARD 41,368,730 3/5
GABUNGAN AQRS (215,900) KUMPULAN WANG PERSARAAN 28,047,744 7/5
(DIPERBADANKAN)
GAMUDA 434,100 EMPLOYEES PROVIDENT FUND BOARD 302,330,705 3/5
GLOBETRONICS TECHNOLOGY (101,800) EMPLOYEES PROVIDENT FUND BOARD 86,074,429 3/5
HANDAL RESOURCES (125,000) DATO’ MOHSIN ABDUL HALIM 23,026,483 7/5
HARTALEGA 494,600 EMPLOYEES PROVIDENT FUND BOARD 220,689,100 3/5
IJM CORPORATION (1,007,200) EMPLOYEES PROVIDENT FUND BOARD 542,668,318 3/5
INARI AMERTRON 252,200 KUMPULAN WANG PERSARAAN 429,458,775 7/5
(DIPERBADANKAN)
JMR CONGLOMERATION (6,000,000) LEGACY FIDUCIARY 12,000,000 7/5
JMR CONGLOMERATION 6,000,000 GLOBAL LEGACY PARTNERS 7,000,000 7/5
KELINGTON GROUP 237,000 KUMPULAN WANG PERSARAAN 15,826,100 7/5
(DIPERBADANKAN) The US Federal Reserve’s split decision
KIM LOONG RESOURCES 638,500 SHARIKAT KIM LOONG 591,361,606 6/5
KOSSAN RUBBER INDUSTRIES 124,100 EMPLOYEES PROVIDENT FUND BOARD 94,605,800 30/4 Economic growth remains solid, but inflation is sagging.
KPJ HEALTHCARE 134,600 EMPLOYEES PROVIDENT FUND BOARD 468,117,080 3/5
KUALA LUMPUR KEPONG 214,600 EMPLOYEES PROVIDENT FUND BOARD 123,561,088 3/5
LBS BINA GROUP (100,000) KUMPULAN WANG PERSARAAN 179,778,440 7/5
(DIPERBADANKAN)
MALAYAN BANKING 719,600 EMPLOYEES PROVIDENT FUND BOARD 1,392,227,896 3/5
MALAYSIA AIRPORTS 670,400 EMPLOYEES PROVIDENT FUND BOARD 224,770,192 3/5
MALAYSIAN RESOURCES 200,000 LEMBAGA TABUNG HAJI 294,743,846 7/5
CORPORATION
MAXIS 227,000 EMPLOYEES PROVIDENT FUND BOARD 886,251,814 3/5
MBM RESOURCES (76,500) EMPLOYEES PROVIDENT FUND BOARD 49,726,591 3/5
MYNEWS 232,800 KUMPULAN WANG PERSARAAN 44,096,900 7/5
(DIPERBADANKAN)
OCK GROUP 765,900 EMPLOYEES PROVIDENT FUND BOARD 62,266,500 3/5
PADINI 327,500 KUMPULAN WANG PERSARAAN 42,092,467 7/5
(DIPERBADANKAN)
PENTAMASTER CORPORATION (50,000) KUMPULAN WANG PERSARAAN 30,424,800 7/5
(DIPERBADANKAN)
PETRONAS CHEMICALS GROUP 1,007,800 EMPLOYEES PROVIDENT FUND BOARD 611,009,700 3/5
PETRONAS DAGANGAN 400,000 EMPLOYEES PROVIDENT FUND BOARD 59,938,900 3/5
PPB GROUP 478,800 EMPLOYEES PROVIDENT FUND BOARD 158,414,594 3/5
PUBLIC BANK (881,300) EMPLOYEES PROVIDENT FUND BOARD 502,999,700 3/5
S P SETIA 100,000 KUMPULAN WANG PERSARAAN 304,522,016 7/5
(DIPERBADANKAN)
SIME DARBY (3,000,000) AMANAHRAYA TRUSTEE 2,814,226,500 3/5
- AMANAH SAHAM BUMIPUTERA
SIME DARBY 3,190,000 EMPLOYEES PROVIDENT FUND BOARD 685,366,775 30/4
SUNWAY 503,060 EMPLOYEES PROVIDENT FUND BOARD 349,967,875 2 & 3/5 Stocks closest to year high Stocks closest to year low
SUNWAY CONSTRUCTION GROUP 557,300 EMPLOYEES PROVIDENT FUND BOARD 106,404,843 2 & 3/5
SYARIKAT TAKAFUL (M) KELUARGA (296,400) EMPLOYEES PROVIDENT FUND BOARD 77,345,400 3/5 STOCK HIGH LOW CLOSE VOLUME STOCK HIGH LOW CLOSE VOLUME
(RM) (RM) (RM) ('000) (RM) (RM) (RM) ('000)
TEK SENG 223,000 LOH KOK BENG 73,856,830 6 & 7/5
TIGER SYNERGY (44,732,772) DATO’ TAN WEI LIAN 97,835,057 7/5 HSI-H6T 0.710 0.550 0.710 640.9 GUNUNG 0.315 0.270 0.270 484.5
TIGER SYNERGY (18,400,000) DATIN SEK CHIAN NEE 3,974,500 7/5 HSI-H6S 0.435 0.355 0.435 598.4 INARI-C40 0.100 0.085 0.085 1265
TIME DOTCOM 200,000 KUMPULAN WANG PERSARAAN 43,940,682 7/5 HSI-H6Z 0.875 0.780 0.875 8675.6 MI-CF 0.045 0.045 0.045 0.5
(DIPERBADANKAN)
HSI-H8A 0.685 0.605 0.685 7898.8 SUPERMX-C54 0.010 0.010 0.010 20
TIME DOTCOM (112,900) EMPLOYEES PROVIDENT FUND BOARD 56,659,700 3/5
TOP GLOVE CORPORATION (93,100) KUMPULAN WANG PERSARAAN 130,639,800 7/5 HSI-H6Y 0.700 0.610 0.700 8352.9 TENAGA-C57 0.060 0.050 0.055 498.5
(DIPERBADANKAN) HSI-H6W 0.915 0.790 0.910 13210 PMETAL-C28 0.140 0.140 0.140 50
TOP GLOVE CORPORATION (531,900) EMPLOYEES PROVIDENT FUND BOARD 159,377,622 3/5 HSI-H6V 0.650 0.555 0.645 9235.6 HLBANK-CN 0.005 0.005 0.005 20
UMW 69,853 EMPLOYEES PROVIDENT FUND BOARD 123,391,391 3/5 HSI-H6X 0.905 0.800 0.905 9776.1 HSI-C5N 0.175 0.130 0.140 7805.6
VELESTO ENERGY 2,967,600 EMPLOYEES PROVIDENT FUND BOARD 424,650,221 3/5 HSI-H6R 0.740 0.605 0.740 2341.7 HSI-C5S 0.255 0.190 0.200 7659
YNH PROPERTY (989,700) DATO DR YU KUAN CHON 173,018,887 8/5
CIMB-C51 0.105 0.105 0.105 60 IJM-C28 0.140 0.135 0.135 499.5
While every effort is made to ensure accuracy, the information presented is not an exhaustive list and is not an official record of shareholder TEOSENG 1.430 1.300 1.360 16280.4 GENTINGC60 0.060 0.060 0.060 200
filings. Direct and indirect share are combined due to space constraints. Readers who are interested should check the official filings filed with
TEOSENG-WA 0.450 0.350 0.370 6966.4 GENTINGC62 0.085 0.075 0.075 420
Bursa Malaysia. Note: * denotes Ace Market
HENGYUANC10 0.160 0.155 0.160 400 HSI-C5D 0.115 0.065 0.075 20829.1
TAKAFUL-CE 0.185 0.165 0.175 853.5 IJM-C27 0.090 0.085 0.085 580

Local events to watch out for today TAKAFUL

TAKAFUL-CC
6.330
0.295
6.110
0.275
6.180
0.275
891.6
142.8
MFCB-CE
HSI-C5X
0.135
0.175
0.135
0.140
0.135
0.140
319.6
281
TTV 0.230 0.210 0.210 320 HSI-C5W 0.295 0.240 0.245 3042.9
• Media Prima Bhd’s annual general meeting 1, Tanjung Malim, Perak at 11.30am. HSI-C5J 0.490 0.395 0.400 2261.6
(AGM) at Sime Darby Convention, Ballroom • Tasco Bhd’s extraordinary general meet- HSI-C5V 0.205 0.155 0.160 2553.4
HSI-C5E 0.330 0.205 0.215 20252.8
2, First Floor, Jalan Bukit Kiara 1, Kuala ing at Lot No 1A, Persiaran Jubli Perak, HSI-C5Q 0.775 0.665 0.665 70.4
Lumpur at 10am. Jalan 22/1, Seksyen 22, Shah Alam, Se-
• MHC Plantations Bhd’s AGM at Kompleks langor at 3pm. This table shows stocks that are trading near their year high. This This table shows stocks that are trading near their year low. This
Pejabat Behrang 2020, Jalan Persekutuan could suggest a build-up in buying momentum, or the possibility that
profit-taking activities could set in later.
could suggest a build-up in selling momentum, or the possibility that
bargain hunting could set in later.

Foreign exchange rates

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

NZ $ 0.588 0.658 0.670 0.506 0.887 0.897 0.897 0.943 2.7327 4.487 55.516 4.389 2.416 9,435 46.025 72.213 5.763 34.338 2.394 2.466 6.345 20.895 5.162
EURO 1.701 1.119 1.139 0.861 1.508 1.525 1.525 1.605 4.6482 7.633 94.430 7.466 4.109 16,048 78.287 122.832 9.802 58.408 4.073 4.195 10.792 35.541 8.780
US $ 1.520 0.894 1.019 0.770 1.348 1.364 1.364 1.434 4.1550 6.823 84.410 6.674 3.673 14,345 69.980 109.799 8.762 52.210 3.640 3.750 9.647 31.770 7.848
SWISS FR 1.493 0.878 0.982 0.756 1.324 1.339 1.339 1.408 4.0795 6.699 82.876 6.553 3.606 14,085 68.709 107.803 8.603 51.262 3.574 3.682 9.472 31.193 7.706
STERLING £ 1.975 1.161 1.299 1.323 1.751 1.771 1.771 1.863 5.3982 8.865 109.666 8.671 4.772 18,638 90.919 142.651 11.384 67.832 4.730 4.872 12.534 41.276 10.196
CANADA $ 1.128 0.663 0.742 0.756 0.571 1.011 1.011 1.064 3.0823 5.062 62.618 4.951 2.725 10,642 51.913 81.452 6.500 38.731 2.701 2.782 7.156 23.568 5.822
BRUNEI $ 1.115 0.656 0.733 0.747 0.565 0.989 1.000 1.052 3.0473 5.004 61.907 4.895 2.694 10,521 51.324 80.527 6.426 38.291 2.670 2.750 7.075 23.300 5.756
SINGAPORE $ 1.115 0.656 0.733 0.747 0.565 0.989 1.000 1.052 3.0473 5.004 61.907 4.895 2.694 10,521 51.324 80.527 6.426 38.291 2.670 2.750 7.075 23.300 5.756
AUSTRALIA $ 1.060 0.623 0.697 0.710 0.537 0.940 0.951 0.951 2.8969 4.757 58.851 4.653 2.561 10,002 48.791 76.553 6.109 36.401 2.538 2.615 6.726 22.150 5.472
MALAYSIA RM 0.366 0.215 0.241 0.245 0.185 0.324 0.328 0.328 0.345 1.0000 1.642 20.315 1.606 0.884 3,453 16.842 26.426 2.109 12.566 0.876 0.903 2.322 7.646 1.889
100 CHINESE RMB 22.284 13.101 14.656 14.927 11.281 19.757 19.984 19.984 21.021 60.8960 1,237 97.815 53.829 210,247 1,025.634 1,609 128.418 765.198 53.355 54.963 141.388 465.623 115.024
100 BANGLAD’H TAKA 1.801 1.059 1.185 1.207 0.912 1.597 1.615 1.615 1.699 4.9224 8.083 7.907 4.351 16,995 82.905 130.078 10.380 61.853 4.313 4.443 11.429 37.638 9.298
100 DANISH KRONER 22.782 13.394 14.983 15.261 11.533 20.198 20.430 20.430 21.491 62.2560 102.23 1,265 55.031 214,943 1,048.54 1,645 131.29 782.29 54.55 56.19 144.55 476.02 117.59
100 UAE DIRHAM 41.398 24.338 27.227 27.731 20.957 36.703 37.124 37.124 39.052 113.1289 185.77 2,298 181.72 390,585 1,905 2,990 238.57 1,422 99.12 102.11 262.66 865.01 213.68
1000 INA RUPIAH 0.011 0.006 0.007 0.007 0.005 0.009 0.010 0.010 0.010 0.0290 0.048 0.588 0.047 0.026 0.488 0.765 0.061 0.364 0.025 0.026 0.067 0.221 0.055
100 INDIA RUPEE 2.173 1.277 1.429 1.455 1.100 1.926 1.948 1.948 2.050 5.9374 9.750 120.620 9.537 5.248 20,499 156.900 12.521 74.607 5.202 5.359 13.785 45.399 11.215
100 JAPAN YEN 1.385 0.814 0.911 0.928 0.701 1.228 1.242 1.242 1.306 3.7842 6.214 76.877 6.078 3.345 13,065 63.735 7.980 47.551 3.316 3.416 8.786 28.935 7.148
100 NORWEGIAN KRONER 17.353 10.202 11.413 11.624 8.784 15.385 15.561 15.561 16.369 47.4200 77.870 963 76.169 41.917 163,720 798.666 1,253 595.863 41.548 42.800 110.100 362.583 89.570
100 PHILIPPINE PESO 2.912 1.712 1.915 1.951 1.474 2.582 2.612 2.612 2.747 7.9582 13.069 161.673 12.783 7.035 27,476 134.035 210.301 16.782 6.973 7.183 18.477 60.850 15.032
100 QATAR RIYAL 41.766 24.554 27.469 27.977 21.143 37.028 37.454 37.454 39.398 114.1327 187.422 2,319 183.328 100.887 394,050 1,922 3,016 240.685 1,434 103.013 264.993 872.681 215.580
100 SAUDI RIYAL 40.544 23.836 26.665 27.159 20.524 35.945 36.358 36.358 38.246 110.7941 181.940 2,251 177.965 97.936 382,523 1,866 2,928 233.644 1,392 97.075 257.242 847.153 209.274
100 SWEDISH KRONOR 15.761 9.266 10.366 10.558 7.979 13.973 14.134 14.134 14.868 43.0700 70.727 874.980 69.182 38.072 148,702 725.402 1,138 90.827 541.203 37.737 38.874 329.322 81.353
100 THAI BAHT 4.786 2.814 3.148 3.206 2.423 4.243 4.292 4.292 4.515 13.0784 21.477 265.692 21.007 11.561 45,154 220.271 345.605 27.580 164.339 11.459 11.804 30.365 24.703
100 HK$ 19.374 11.390 12.742 12.978 9.807 17.176 17.373 17.373 18.275 52.9421 86.939 1,075.535 85.039 46.798 182,786 891.671 1,399 111.645 665.252 46.386 47.784 122.921 404.806
Note: Run your finger down the left-hand side until you reach the country of origin you plan to exchange. Then move your finger until that line intersects with the vertical column of the currency you wish to buy. The figure is how much you will get. The above rates are subject to change and provided by Thompson Reuters.
 Markets
32 FR I DAY M AY 1 0 , 2 0 1 9 • 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 ROUNDUP I N S I D E R M OV E S . T R A D I N G T H E M E S . E V E N T S . FO R E X PA G E 3 0
G L O BA L M A R K E T S PA G E 2 9
RESEARCH: TAI TS [tai@bizedge.com] M A I N M A R K E T . A C E M A R K E T L I ST I N G PA G E 2 5

KLCI 1,618.53 15.02 FBM ACE 4,544.68 13.20 FTSTI 3,269.70 14.14 NIKKEI 21,402.13 200.46 HANG SENG 28,311.07 692.13 DOW JONES 25,967.33 2.24

I hadn’t been aware that there were doors closed to me Market movers
until I started knocking on them. — Gertrude Belle Elion
Daily top 20 active stocks
UNUSUAL MARKET ACTIVITIES TURNOVER CHANGE CHANGE PRICE PE DIVIDEND
FBM KLCI & KLCI futures intraday (‘000) (RM) (%) (RM) RATIO YIELD (%)
STOCK VOLUME CHANGE CHANGE CLOSE HIGH LOW ARMADA 111,348.6 0.005 2.44 0.210 — 1.07
('000) (%) (RM) (RM) (RM) (RM) LAMBO 66,229.3 UNCH UNCH 0.080 7.55 0.00
Index point
1630.0 LAMBO-WB 61,974 0.00 0.000 0.015 0.020 0.010 LAMBO-WB 61,973.5 UNCH UNCH 0.015 — 0.00
1628.2 HSI-C5G 57,863 -25.37 -0.085 0.250 0.315 0.240 IMPIANA 58,125.4 UNCH UNCH 0.040 — 0.00
1626.4 HSI-H6G 57,574 71.43 0.125 0.300 0.305 0.185 HSI-H6G 57,574.4 0.035 13.21 0.300 — 0.00
1624.6 EKOVEST-WB 45,084 -8.43 -0.035 0.380 0.420 0.375 HSI-C5G 57,863.3 -0.025 -9.09 0.250 — 0.00
1622.8 MACPIE 42,002 24.00 0.030 0.155 0.175 0.130 EKOVEST-WB 45,084.3 -0.035 -8.43 0.380 — 0.00
KL Composite Index
DAYA 31,140 0.00 0.000 0.010 0.015 0.010 MACPIE 42,001.5 0.030 24.00 0.155 — 0.00
1621.0 1,618.53 LAYHONG-WA 25,140 2.38 0.005 0.215 0.230 0.210 EKOVEST 39,694.2 -0.025 -2.78 0.875 17.96 1.11
1619.2 KLCI futures (-15.02)
MACPIE-WA 24,915 25.00 0.005 0.025 0.030 0.020 IRIS 37,708.2 -0.010 -5.88 0.160 — 0.00
1617.4 LAYHONG 22,863 2.15 0.010 0.475 0.490 0.470 DAYA 31,139.8 UNCH UNCH 0.010 — 0.00
1615.6 JAKS 21,601 5.48 0.040 0.770 0.800 0.710 SAPNRG 30,467.6 -0.005 -1.54 0.320 — 2.44
1,616.50
1613.8 (-16.50) HSI-C5D 20,829 -40.00 -0.050 0.075 0.115 0.065 LAYHONG-WA 25,139.5 0.005 2.38 0.215 — 0.00
1612.0 HSI-C5E 20,253 -42.67 -0.160 0.215 0.330 0.205 MACPIE-WA 24,915.0 0.005 25.00 0.025 — 0.00
8:45 9:30 10:30 11:30 12:45 14:30 15:30 16:30 17:15
TEOSENG 16,280 6.25 0.080 1.360 1.430 1.300 FRONTKN 24,425.6 0.070 5.30 1.390 22.56 1.14
ECONBHD-WA 14,436 -3.70 -0.010 0.260 0.275 0.255 LAYHONG 22,862.7 0.010 2.15 0.475 56.02 1.08
Daily FBM KLCI HSI-C5P 13,231 -25.45 -0.140 0.410 0.490 0.400 IWCITY 21,941.6 -0.030 -3.14 0.925 — 0.00
HSI-H6W 13,210 28.17 0.200 0.910 0.915 0.790 JAKS 21,601.0 0.040 5.48 0.770 22.46 0.00
HSI-C5D 20,829.1 -0.010 -11.76 0.075 — 0.00
KL Composite Index Moving average - 20-day Table above is from Reuters Volume break 3x 5-day average volume, meaning the total number of shares
HSI-C5E 20,252.8 -0.025 -10.42 0.215 — 0.00
2030.0 traded for a particular counter on the previous trading day is more than triple the average volume for the
1,618.53 last 5 trading days. The table captures the build-up of interest in these companies and is thus a gauge of
(-15.02) market expectations for these counters. Top gainers and losers (ranked by RM)
1727.5

1,630.65 KLCI dips as US tariff UP

CLOSE
CHANGE
(RM)
DOWN
CLOSE
CHANGE
(RM)

threat to China looms

1425.0 IHS046000824 96.500 0.500 NESTLE 145.000 -3.400
DLADY 64.280 0.280 BAT 33.500 -0.600
SP500-HH 0.365 0.205 TASEK 5.110 -0.370
1122.5
HSI-H6W 0.910 0.200 HSI-C5I 0.810 -0.360
KUALA LUMPUR: The FBM KLCI dipped 15.02 points or HSI-H6T 0.710 0.180 HSI-C5F 0.545 -0.270
820.0 0.92% yesterday as global markets took caution ahead of HSI-H6X 0.905 0.180 HSI-C5M 1.600 -0.250
Jan 2, 2008 May 8, 2019
the next round of US-China trade talks. The talks are closely HSI-H6Z 0.875 0.175 HLBANK 19.620 -0.240
watched as a means to avert a planned US tariff hike on HENGYUAN 6.070 0.170 CARLSBG 25.240 -0.180
900 Chinese goods today. HSI-H6V 0.645 0.165 QL 6.680 -0.180
HSI-H6R 0.740 0.160 HEIM 24.160 -0.160
At Bursa Malaysia, the KLCI ended at 1,618.53. In China,
600 HSI-H6Y 0.700 0.160 MAXIS 5.360 -0.160
the Shanghai Stock Exchange Composite Index ended 1.48% HSI-H8A 0.685 0.155 HSI-C5E 0.215 -0.160
300 lower, while Hong Kong’s Hang Seng Index dropped 2.39%.
Elsewhere across Asia, Japan’s Nikkei 225 closed down 0.93% Top gainers and losers (ranked by%age)
0 while South Korea’s Kospi fell 3.04%.

 
Volume (’mil) Reuters reported that Asian shares fell to eight-week lows UP CHANGE DOWN CHANGE
CLOSE (%) CLOSE (%)
yesterday as investors waited to see whether Chinese and US
FBM KLCI futures trade negotiators can salvage a deal to stave off the threat HSI-H6H 0.035 250.00 HLBANK-CN 0.005 -83.33

CONTRACT SETTLEMENT CHANGE HIGH LOW

of fresh US tariff increases, which would damage global SP500-HH 0.365 128.12 SUPERMX-C54 0.010 -75.00
HSI-H6F 0.095 90.00 KGROUP-WB 0.005 -50.00
MAY 19 1,616.50 -16.50 1,628.50 1,615.50 economic growth. A50CHIN-H27 0.045 80.00 TRIVE-WB 0.005 -50.00
JUN 19 1,617.50 -15.50 1,628.50 1,617.50 It was reported that Chinese Vice Premier Liu He is set HSI-H6E 0.035 75.00 KSTAR-WA 0.005 -50.00
SEP 19 1,614.00 -15.50 1,625.00 1,614.00
for talks in Washington yesterday and today with US officials HSI-H6G 0.300 71.43 PCHEM-C25 0.010 -50.00
who have complained that Beijing had backtracked on earlier FBMKLCI-C5R 0.025 66.67 MALAKOFC15 0.005 -50.00
FBM KLCI sensitivity* commitments. It was reported that an agreement could avert a HSI-H6J 0.160 52.38 HSI-C5E 0.215 -42.67

KLCI CHANGE CLOSE VOLUME sharp increase in US tariffs on Chinese goods that US President SP500-HG 0.045 50.00 HSI-C5D 0.075 -40.00
POINTS (RM) (RM) ('000) HSI-H6P 0.330 43.48 HUMEIND-LR 0.015 -40.00
IHH HEALTHCARE -0.41 -0.030 5.480 5139.9
Donald Trump has threatened to impose today. HSI-H6M 0.110 37.50 MALAKOFC18 0.015 -40.00
MISC -0.41 -0.060 6.740 1306.3 Reuters reported that China has threatened to retaliate, HSI-H6N 0.220 37.50 HSI-C5C 0.025 -37.50
SIME DARBY -0.42 -0.040 2.210 6207.1 raising the risk of a major escalation in the bruising trade war
RHB BANK -0.43 -0.070 5.750 6930.4 between the world’s two largest economies. It was reported Top gainers and losers - warrants (ranked by%age)
GENTING -0.54 -0.090 6.760 3365.1 that Trump threatened to raise tariffs on US$200 billion of
AMMB -0.56 -0.120 4.430 4230.4 UP CHANGE DOWN CHANGE
IOI CORP -0.58 -0.060 4.350 2566.1
Chinese goods to 25% today from 10%. — by Syahirah Syed CLOSE (%) CLOSE (%)
SIME DARBY PLANTATION -0.64 -0.060 4.990 2801.6 Jaafar HSI-H6H 0.035 250.00 HLBANK-CN 0.005 -83.33
PRESS METAL -0.68 -0.110 4.460 1948.1
World equity indices SP500-HH 0.365 128.12 SUPERMX-C54 0.010 -75.00
TENAGA NASIONAL -0.70 -0.080 11.940 9103.0 HSI-H6F 0.095 90.00 KGROUP-WB 0.005 -50.00
PUBLIC BANK -0.72 -0.120 22.280 5627.1 CLOSE CHANGE CLOSE CHANGE A50CHIN-H27 0.045 80.00 TRIVE-WB 0.005 -50.00
GENTING MALAYSIA -0.73 -0.080 3.140 8096.8
DOW JONES 25,967.33 2.24 INDONESIA 6,198.80 -71.40 HSI-H6E 0.035 75.00 KSTAR-WA 0.005 -50.00
HONG LEONG BANK -0.80 -0.240 19.620 951.4
S&P 500 2,879.42 -4.63 JAPAN 21,402.13 -200.46 HSI-H6G 0.300 71.43 PCHEM-C25 0.010 -50.00
CIMB -1.05 -0.070 5.130 11425.0
NASDAQ 100 7,617.55 -22.60 KOREA 2,102.01 -66.00 FBMKLCI-C5R 0.025 66.67 MALAKOFC15 0.005 -50.00
NESTLE (M) -1.23 -3.400 145.000 126.4
FTSE 100 7,271.00 10.53 PHILIPPINES 7,755.62 -171.07 HSI-H6J 0.160 52.38 HSI-C5E 0.215 -42.67
MAXIS -1.93 -0.160 5.360 2799.1
AUSTRALIA 6,295.30 26.20 SINGAPORE 3,269.70 -14.14 SP500-HG 0.045 50.00 HSI-C5D 0.075 -40.00
SUB-TOTAL -11.82
CHINA 2,850.95 -42.80 TAIWAN 10,733.67 -190.04 HSI-H6P 0.330 43.48 HUMEIND-LR 0.015 -40.00
OTHERS -3.20
HONG KONG 28,311.07 -692.13 THAILAND 1,646.80 -7.21 HSI-H6M 0.110 37.50 MALAKOFC18 0.015 -40.00
GRAND TOTAL -15.02
INDIA 37,558.91 -230.22 VIETNAM 947.01 -4.21 HSI-H6N 0.220 37.50 HSI-C5C 0.025 -37.50
* How stock price changes affected the index on the previous trading day

3XEOLVKHGE\7KH(GJH&RPPXQLFDWLRQV6GQ%KG;/HYHO0HQDUD./.1R-DODQ3-80XWLDUD'DPDQVDUD3HWDOLQJ-D\D6HODQJRU0DOD\VLD

3ULQWHGE\8OWLPDWH3ULQW6GQ%KG+/RW-DODQ6HSDQD2II3HUVLDUDQ6HODQJRU6HNV\HQ6KDK$ODP6HODQJRU0DOD\VLD
 Āĩ¸¸ÝĩěEVERY FRIDAYŚŽě‰

FRIDAY, MAY 10, 2019 . ŽČČĩKїѝѝќӕїѕіўӝĀĀіўѕњњӕѕћӕїѕіћӭѕјљњјѕӮ PRINT + DIGITAL

MISSED OUR PAST ISSUES?
T EP Click here

04
NE W S
to visit
our digital
archive!

Ascott aims to be www.EdgeProp.my

largest hospitality
company in
Malaysia
Subscribe
to pullout
for FREE!

‘Redevelopment
must have consent
of all owners’
TEP

04
PROPER TY C H AT

Malaysia’s
industrial and
logistics market to
A
STRONG
ƹljȶljˎɽǹɨɁȴ9ĄŽ
T EP

06
F EATU R E

START
TEP

14
F EATU R E

Trees + art
+ entrepreneurs
= The Linc

Zuraida Kamaruddin’s thoughts on her first year

in office as Malaysia’s housing and local government minister
Read Pages 10 to 13
EP 2 FR I DAY M AY 1 0 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
The Edge Property Sdn Bhd
(1091814-P)
Level 3, Menara KLK,
No. 1 Jalan PJU 7/6, Mutiara
Damansara, 47810 Petaling Jaya,
Selangor, Malaysia
EdgeProp.my
Managing Director/Editor-in-chief
Au Foong Yee
EDITORIAL
Executive Editor Sharon Kam
Assistant Editor Tan Ai Leng
Deputy Chief Copy Editor
James Chong
Copy Editor Vanessa Gnanasurian
Senior Writer
Rachel Chew
Writers
Natalie Khoo, Shawn Ng,
Chin Wai Lun
Art Director Sharon Khoh
Senior Designer Jun Kit
Designer Rajita Sivan
For New Launches/Events/
Press Releases/News Tips
email: editor@edgeprop.my
Tel: (03) 7721 8211  Fax: (03) 7721 8280
ADVERTISING & MARKETING
Associate Account Director,
Advertising & Marketing
Heidee Ahmad (019) 388 1880
Senior Account Manager
Ian Leong (012) 359 1668
Cecilia Too (012) 319 7666
Account Manager
Joane Tan (012) 377 2885
Joanne Mok (018) 272 0939
Marketing Support & Ad Traffic
Madeline Tan (03) 7721 8218
email: marketing@edgeprop.my
BUSINESS DEVELOPMENT
Manager Nimalen Parimalam
Account Manager Stannly Tan
Executive Nurfarah Diyana Mohd
Firhad
PRODUCT DEVELOPMENT
& CUSTOMER ADVISORY
Senior Manager Elizabeth Lay
Associate Omar Nawawi,
Ayesha Hannah Amer Ezani
For enquiries and listings
email: support@edgeprop.my
Tel: (03) 7733 9000
EdgeProp.my 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 offices, shopping complexes,
condos, medical centres and F&B
outlets in the Klang Valley. You can
also download it for free at
www.EdgeProp.my
The Edge Malaysia
Publisher and Group CEO
Ho Kay Tat
EDITORIAL
Editor-in-chief Azam Aris
CORPORATE
Chief Operating Officer
Lim Shiew Yuin
ADVERTISING & MARKETING
Chief Commercial Officer
Sharon Teh (012) 313 9056
General Manager
Fong Lai Kuan (012) 386 2831
Senior Sales Managers
Gregory Thu (012) 376 0614
Lim Sook Chin (012) 205 5986
Creative Marketing
Chris Wong (016) 687 6577
Head of Marketing
Support & Ad Traffic
Lorraine Chan (03) 7721 8001
NEWS HIGHLIGHTS from www.EdgeProp.my
PR1MA undergoes
transformation
Pe r b ad a n a n P R 1M A Mal ay sia
(PR1MA) said it is currently under-
taking a transformation exercise to
better fulfil its mandate and adapt
to market conditions.
The business transformation is
part of the strategy to ensure that
the organisation is better aligned
with the government’s national
housing agenda, said PR1MA in a
statement on Wednesday.
Due diligence is currently being
undertaken and is expected to be
concluded in June, it added.
Acting CEO Mohd Nazri Md
Shariff said the transformation ex-
ercise is expected to enable the
affordable housing body to maxim-
ise the effectiveness of the change
effort that is taking place within the
organisation to further improve its
business and operations.
ParkCity partners
CapitaLand to
develop premium
Desa ParkCity condo
ParkCity Property Holdings Sdn
Bhd (ParkCity) and CapitaLand
Limited (CapitaLand) will be under-
taking a 50:50 joint-venture devel-
opment called Park Regent in Desa
ParkCity, Kuala Lumpur.
Said to be built on one of the best
locations in the township, the 5.6-
acre freehold condominium develop-
ment will comprise 505 units across
two towers. The development will
offer residents the opportunity to live
by the waters of Desa ParkCity Lake
with views of the parklands. The Park
Regent is set to be launched in the
third quarter of 2019, said the devel-
trending
now
LAUNCHES + EVENTS
Official launch of
YOU CITY III
Date: May 11 & 12 (Sat & Sun)
Time: 10am to 6pm
Venue: YOU CITY III Sales Gallery,
VG-01 & VG-02, Jalan You City,
You City Cheras, Cheras, Selangor
Contact: (018) 311 6000
OSK Property will be launching
the final phase of You City
in Cheras this weekend. This
transit-oriented development
will feature 800 serviced
apartments and a 3-storey hybrid
mall. Prices for the apartment
units start from RM350,000.
Funtastic Parents Day
Date: May 11 (Sat)
Time: 11am to 5pm
Venue: Trio By Setia, Lot No
82623, Jalan
Langat / KS06,
Bandar Bukit
Tinggi 1, Klang,
Selangor
Contact: (03)
3162 3322
S P Setia Bhd
is organising
a special
appreciation
Gamuda Land inks MoU to bring
in Malaysia’s first luge attraction
Gamuda Land signed eight Memo-
randums of Understanding (MoU)
for its Gamuda Gardens township
in Sungai Buloh, Selangor last Fri-
day, including one with New Zea-
land’s Skyline Enterprises to bring in
the first luge attraction to Malaysia.
Comprising the Skyline Luge
and Skyline Zoom Ziplines, the at-
traction is to be built on a 30,000 sq
m hill site overlooking the township.
MoUs were also inked with Bea-
conhouse for the establishment
of a Beaconhouse International
School with completion targeted
for September 2022. The full list
of MoUs also include 7-Eleven, Mr
DIY, Petron, Arena Legacy, Ecocana
Sports and Weddings by Emma.
“We are delighted that Skyline
Enterprises, an iconic brand with
opers in a press release on Tuesday.
ParkCity Group CEO Datuk Jo-
seph Lau said the joint-venture with
CapitaLand brings together the ex-
perience, expertise and proven track
record of two major property devel-
opers in the region.
World’s first Hasbro
water theme park
to be in Melaka
Meridian Bhd executive director
Datuk Seth Yap on Tuesday unveiled
day for parents with activities
such as family workshops,
exciting game booths, and head
and shoulder massages.
Home Fair at Eco
Grandeur
Date: May 11 & 12 (Sat & Sun)
Time: 11am to 6pm
Venue: Eco Ardence Sales
Gallery, Lot 6232, Persiaran
Mokhtar Dahari, Bandar
Puncak Alam, Selangor
Contact: (03) 3270 2525
Whether you’re setting up a new
home or looking to upgrade your
current one, this is one event you
should check out. Up to RM15,000
worth of prizes are also up for
grabs while the first 50 walk-ins
are entitled to a mystery gift.
A Floral Mother’s Day
Celebration
Date: May 11 & 12 (Sat & Sun)
Time: 10am to 8pm
Venue: Sunway Citrine
Hub, Sunway Iskandar,
Persiaran Medini 3, Bandar
Medini Iskandar, Johor
Contact: (07) 509 6575
If you are looking for a place to
global operations, has chosen
Gamuda Gardens for their first
foray into Malaysia.
“ Co m p le m e n t i n g t h e le i -
sure component of our master
plan will be our RM4.3 billion
Gamuda Gardens City Centre which
will also include a one million sq ft
regional retail mall,” said Gamu-
da Land CEO Ngan Chee Meng in
plans to develop the world’s first
Hasbro water theme park at Merid-
ian’s Malaysia Tourism City (MTC)
development in Kuala Linggi, Mel-
aka, through a Hasbro licensing
agreement secured by his private
entity M101 Holdings Sdn Bhd.
At the official launch of the 622-
acre MTC on Tuesday, Yap symboli-
cally signed a licensing agreement
with Hasbro Live! (Hasbro) regional
director Natalie Chan to pave the
way for the plan.
The Hasbro water theme park is
part of the first phase of MTC which
also includes a weekend market and
an adventure park, according to Yap.
With an estimated investment of
some RM120 million, the first phase
is expected to kick off by end-2019.
How do I get past issues of this weekly pullout?
Go to www.EdgeProp.my to download for free
If you have any real estate-related events, email us at editor@edgeprop.my.
Events listed here will also appear on www.EdgeProp.my.
spend quality time with your
mom this Mother’s Day, join
in the fun at Sunway Citrine
Hub. Take part in exciting
activities with your mom.
Register at https://forms.
gle/4pCuwWHHc8EXWfgu7
Dim Sum Delights
Date: May 11 & 12 (Sat & Sun)
Time: 11am to 3pm
Venue: Tropicana Metropark
Property Gallery, No 1, Jalan
Delima 1/1, Subang Hi-Tech,
Subang Jaya, Selangor
Contact: (1700) 81 8887
Join Tropicana Corp Bhd to enjoy
a mouth-watering dim sum meal
at Tropicana Metropark this
weekend. Everyone is invited.
Quayside Wonderland
with Luxura
Date: May 11 & 12 (Sat & Sun)
his opening address at the MoU
signing ceremony at the Gamuda
Gardens Experience Gallery.
“There is no date set for the
completion of the luge yet. But,
we are looking at about a couple
of years for this,” said Skyline
Enterprises CEO Geoff McDonald
at the press conference after the
signing ceremony.
TAP/CLICK to
watch video
highlights of
symposium.
TAP/CLICK
for the full
report on the
symposium.
Time: 4pm to 10pm
Venue: twentyfive.7 Property
Gallery, Lot 43495, Persiaran
Oleander, Telok Panglima
Garang, Selangor
Contact: (016) 299 1610
Join Gamuda Land this weekend
to experience mesmerising magic
shows, exciting performances,
gastronomic delights, kids’ fun
workshops and even a cinema
under the moonlight! Bring
your family and friends and
be sure not to miss the newly
launched Luxura show unit.
Mother’s Day Special
Date: May 11 & 12 (Sat & Sun)
Time: 12pm to 6pm
Venue: Damansara Avenue
Sales Gallery, Jalan Persiaran
Perdana, Bandar Sri
Damansara, Kuala Lumpur
Contact: (1800) 88 8082
Organised by TA Global, the
event will see a myriad of
creative and fun activities for
the whole family to celebrate
Mother’s Day. From bespoke
floral arrangements to hand
drawn caricatures, there’s
something for everyone.
FR IDAY M AY 1 0 , 20 1 9 • T HE E DG E FINA NCIA L DA ILY EP 3
EP 4 FR I DAY M AY 1 0 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

N EWS

Ascott aims to be largest

hospitality company in Malaysia
B Y SHAWN NG
PETALING JAYA: The Ascott Ltd
(Ascott), CapitaLand’s whol-
ly-owned lodging business unit is
striving to become the largest hos-
pitality management company in
Malaysia – one of its key markets in
the Southeast Asian region.
“We are the largest hospitality
management company in the
Philippines and we hope to
replicate that in Malaysia,” said
Darren Cher, Ascott country general
manager for Malaysia.
Currently, it is the largest inter-
national serviced residence opera-
tor in Malaysia with a total of 4,102
serviced apartment units across 18
properties in the country.
In line with Ascott’s expansion
goals, the group is currently ex-
ploring options with a couple of
property developers in Malaysia
and some things could material-
ise this year.
The group is also planning to
expand in Malaysia with new hotel
brands that were recently acquired.
Striving to become a full-fledged
lodging provider, Ascott ventured
LOW YEN YEING | EdgeProp.my
middle class travellers to millen-
nials as well as those who want
different lengths of stays,” he told
EdgeProp.my.
He said there are six hotel brands
under TAUZIA, namely Harris
Hotels, Fox Harris Hotels, Yello
Hotels, Préférence, Harris Vertu
Hotels and POP! Hotels and each
brand covers a different market
segment from millennial and
middle class travelers to business-
class and high-end travellers.
“Currently, TAUZIA has 10,000
keys in Indonesia with another
10,000 keys under development.
Their projects outside Indonesia
Cher: As a company, we need to constantly innovate and change with is pretty limited. Apart from a
our customers while growing our segments. 30-room hotel dubbed Liu Men
Melaka, there is a Harris Vertu Hotel
into the Indonesian hotel market were, considering our clients can and a Harris Hotel in Nha Trang,
last September with the acquisition stay from one night to one year and Vietnam that are being developed,”
of a 70% stake in TAUZIA Hotel above,” said Cher. he added.
Management, one of Indonesia’s “The world is changing and the Luxury boutique hotel Liu Men
top five hotel operators. market is very dynamic. As a com- Melaka had its soft-opening in
“We no longer see ourselves pany, we need to constantly inno- March, and is under the Préférence
as just a serviced residence op- vate and change with our customers brand.
erator as we wanted to become a while growing our segments. We Ascott is going to expand the
full-fledged lodging [provider], so can no longer just target the long Préférence brand hotels while
entering the hotel [business] was stays and corporate clients as we bringing the other TAUZIA brands
a natural extension of where we need to target anywhere from the into Malaysia. The group believes
all six brands present opportunities
in the Malaysian market.
For instance, the mid-tier brands
of POP! And Fox Harris will allow
the group to enter secondary cities
in Malaysia, said Cher.
“So far, our focus was on the big
cities. These hotel brands will allow
us to penetrate secondary cities
where there is a demand for travel,
but do not expect the kind of rates
one would pay in Kuala Lumpur,”
he elaborated.
“We hope to at least see one or
two projects materialise this year,”
he continued, adding that poten-
tial areas could be Petaling Jaya,
Shah Alam, Subang Jaya and the
areas along Jalan Bukit Bintang in
Kuala Lumpur.
He pointed out that Ascott wants
to create operating synergy and
economy of scale by combining
its hotel and serviced residence
brands to forge a “combo product”.
“We can actually have projects
where we fit two brands in one. For
example, it could be a Citadines
serviced apartment combined with a
Yello Hotel, where the former caters
for mid-to-long stays while the lat-
ter caters to the short stays,” he said.

PRO PERTY C H AT

‘Redevelopment must have consent of all owners’

T
he National House Buyers As-
sociation (HBA) read with con-
sternation recent articles in
which the Federal Territories
Minister said that the govern-
ment is looking at an urban re-
development/renewal law, while seeming
to ignore the unconstitutional impact such
a law will have on homeowners in Malaysia.
Little does he seem to realise the far reach-
ing implications such a law will have on
Article 13 of the Federal Constitution, and
the principles of indefeasibility of title as
enshrined in the National Land Code which
the Federal Territories are bound by. We
hope the FT Minister is not swayed by the
whisperings of commercial-minded devel-
opers, hence this ‘mulling of a proposed law
to govern redevelopment or renewal’.
En bloc strata sale
This ‘redevelopment or renewal’ law is like-
ly another name for the impugned ‘En Bloc
Strata (forced) sale’ proposal, first put forth
by developers 10 years ago.
En bloc strata sale is where a certain piece
of land with buildings erected on it is identi-
fied for acquisition by commercial develop-
ers. A developer will approach owners and
persuade them to part with their property
in consideration for, perhaps, the market
rate of said property. Upon obtaining the
land, the original buildings are demolished
to make way for a new development, likely
a mixed development with residential and
BY DATUK C H A N G
KIM LO ON G
commercial buildings priced high above the
original rate of the demolished buildings.
Sans authoritative findings and conclu-
sions, the original buildings are termed di-
lapidated or unsafe. The issue of certifica-
tion by the Local Council as ‘condemned
building’ thus arise and precede.
The aim as perceived by HBA is the force-
ful acquisition of certain commercially situ-
ated land area. Forceful, because an en bloc
sale/redevelopment/renewal law only up-
holds the might of the majority. What about
the constitutional rights of those who do not
wish to dispose of their property even with
considerable compensation because they
have lived there their entire lives?
Less ‘pros’ and more ‘cons’
The FT Minister identified Singapore as an
example where this law was enacted. Minor-
ity owners there were given replacement
units on the renewed and redeveloped
land itself and not in some far-off tertiary
location. However, the success stories do
not highlight the plight of the minority
owners (who are often the old and infirm,
who have stayed in the same area for dec-
ades) in coping with the forced hardship of
adapting to new surroundings. Does the FT
Minister actually care?
Singapore and Hong Kong are ranked
as the world’s 3rd and 4th most densely
populated countries respectively. Malay-
sia is ranked 112th, based on the projec-
tions of the United Nations in 2015. While
en bloc sale is arguably a necessary evil
in land-scarce Singapore and Hong Kong
due to the pressing need for urban rede-
velopment, this argument is not relevant
for Malaysia.
Land Acquisition Act
The Land Acquisition Act, which we now
have, has prescribed reasons and procedures
in place to ensure any forceful acquisition
is undertaken with consideration of the in-
terests and opinions of all the owners and
not a mere majority. Reasons prescribed
are confined to those for the ‘benefit of the
public’ and not for commercial interests.
We also have the Strata Management
Act 2013 (SMA) that provides for contri-
butions by the owners to the Maintenance
Account and the Sinking Fund Account in
strata schemes so that strata buildings can
be properly maintained, refurbished and
upgraded without falling into dilapidation.
It is justified to redevelop strata devel-
opments for urban renewal using either the
current Land Acquisition Act or the SMA
which is in line with Article 13 of the Federal
Constitution and section 340 of the National
Land Code to protect the rights of home-
owners rather than apply law more suited
to countries that are land-scarce.
Being old is not a crime
Homeowners should have the freedom
to decide how to redevelop their housing
schemes without a law that allows the ma-
jority and third parties (commercial devel-
opers, government or political entities) to
override the constitutional right of minority
homeowners who may be old, infirm, have
no living relatives or a voice. Older people
often have difficulty adapting to living in a
new place.
Does this proposed law envision the
rights of the minority should the minor-
ity want to be compensated with a re-
placement home on the same site after
redevelopment without having to pay for
said unit, and that all expenses for tem-
porary accommodation be borne by the
developers?
There is no valid justification to support
this proposal. HBA’s stand is that any re-
development/rejuvenation/renewal must
have the consent of all owners. Current
laws are sufficient for renewing dilapidated
buildings without sacrificing the interests
of owners.
Datuk Chang Kim Loong is
the Hon. Secretary-General
of the National House
Buyers Association (HBA).
HBA can be contacted at:
Email: info@hba.org.my
Website: www.hba.org.my
Tel: +6012 334 5676
FR IDAY M AY 1 0 , 20 1 9 • T HE E DG E FINA NCIA L DA ILY EP 5
EP 6 FR I DAY M AY 1 0 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
F EATU R E
Malaysia’s industrial and logistics
market to beneąt from BRI
B Y N ATA LI E K HOO
W
ould you believe that
of all the countries
in Southeast Asia,
Malaysia has received
the largest amount
of investments from
China over the past 10 years?
The Belt and Road Initiative (BRI), or
One Belt One Road as it was formerly called
when it was first launched in 2013, is China’s
platform for multilateral cooperation which
will create new economic links and improve
its business networks across the globe.
This will ultimately lift infrastructure in
Southeast Asia through new ports, railroads
and highways. The question is, how will it
benefit Malaysia?
According to global real estate consul-
tancy Knight Frank in its latest research
report titled “New Frontiers: Prospects for
Real Estate Along the Belt and Road Initi-
ative”, Malaysia is the only other Southeast
Asian country to make it to the top 10 of the
Knight Frank Belt and Road Index (BARI).
The BARI ranks 66 BRI-related countries
by their economic potential, demographic
advantage, infrastructure development, in-
stitutional effectiveness, market accessibility
and resilience to natural disasters.
“Although Malaysia’s position has dropped
to ninth place from sixth last year, it is not
a reflection of the changes that happened
in Malaysia but more in recognition of the
three countries which have moved up –
Oman, South Korea and Estonia. Malaysia
has been a major beneficiary of Chinese
capital with investments totalling US$43.8
billion (RM181.61 billion) over the past 10
years,” Knight Frank Asia Pacific head of
research Nicholas Holt tells EdgeProp.my.
Among the recent major Southeast Asian
BRI deals in Malaysia are:
• the US$1.3 billion undersea tunnel to link
Penang island to the mainland whereby the
new mainland link will benefit the real estate
markets in George Town and Butterworth
where tunnel entrances are located;
• the US$1.9 billion deep sea port which
forms part of the Melaka Gateway project
which is expected to result in increased
trading activities from the new port which
in turn will stimulate warehousing and
logistics facilities demand;
• and the US$2.1 billion railway project
which forms part of the East Coast Rail
Link set to contribute to economic op-
portunities in east coast states and likely
to benefit the overall real estate sector.
Holt explains that the BRI’s immediate
impact will be seen in the industrial and
logistics market in Malaysia as new ports such
as the Melaka Gateway will see immediate
Chinese investments (all sectors) Past 10 years
MALAYSIA
INDONESIA
SINGAPORE
LAOS
VIETNAM
CAMBODIA
PHILIPPINES
THAILAND
MYANMAR
BRUNEI
USD BIL 0 5 10 15 20
SOURCE: KNIGHT FRANK RESEARCH & THE AMERICAN ENTERPRISE INSTITUTE
demand for the land surrounding the ports,
Belt and Road Index 2019 Top 20 countries pushing prices up as supply stays the same.
“We expect developers to develop the
surrounding area and what we believe is that
INDEX COUNTRY RANK ‘18 RANK pricing will tend to head upwards. Not only
that, it will benefit other tertiary industries
SINGAPORE
as you will need office workers to support
UNITED ARAB EMIRATES
the economy around the shipping [industry]
NEW ZEALAND
which will then lead to further demand for
CHINA office space, residential, retail and so forth.
QATAR According to Knight Frank Malaysia
ESTONIA executive director of capital markets Allan
SOUTH KOREA Sim, following the change of government in
OMAN May 2018, a number of Chinese investments
MALAYSIA and projects, especially mega infrastructure
CZECH REPUBLIC projects have been deferred.
BAHRAIN “However, the presence of Prime Min-
INDIA ister Tun Dr Mahathir and Malaysian busi-
VIETNAM ness delegates at the recently concluded
ISRAEL second Belt and Road Initiative Forum for
HUNGARY International Cooperation in China, coupled
POLAND with his intention to expedite the setting up
SLOVENIA of a one-stop centre (OSC) to ease foreign
BHUTAN investment-related approvals, have given
BRUNEI some assurance and confidence to Chinese
SLOVAKIA firms to reconsider investing in Malaysia.
“Furthermore, with new agreements set
SOUTHEAST ASIA for the revival of the ECRL and the mega
Bandar Malaysia development in Kuala Lumpur,
Chinese firms will certainly be looking more
SOURCE: KNIGHT FRANK RESEARCH
seriously at Malaysia again and the industrial
Detached factory rents 4Q2018 (RM per sq ft/month) segment will benefit the most,” Sim adds.
Knight Frank, he says, expects more high-
tech manufacturers from China to operate in
Malaysia, taking advantage of the country’s
adequate supply of raw materials, coupled
JOHOR:
with relatively low operating costs.
“Moreover, Chinese firms can utilise
SELANGOR:
Malaysia as a manufacturing hub as products
SHAH ALAM manufactured in this nation are insulated
from tariffs from most major economies,
SELANGOR:
KLANG such as the likes of the US, Latin America
NEGERI and European Union,” he offers.
SEMBILAN Ultimately, Holt says the BRI will not
JOHOR:
PASIR GUDANG only benefit the Chinese but will change the
shipping dynamics of Malaysia, bringing it
a notch higher.
“If you look at the shipping statistics,
Malaysia is bypassed at the moment but
with Melaka having the deep sea port, you
will definitely see the logistics business
SOURCE: KNIGHT FRANK RESEARCH
growing from there. When you have strong
connectivity, companies will tend to gravitate
towards [you] as you are tapping into the right
“The BRI topic was widely supply chain,” he says, citing Johor as example
discussed back in 2017 where improved infrastructure coupled
with planned upgrade of port facilities, the
but things slowed down industrial and logistic sector is now attracting
a bit in 2018 everywhere high level of interest among investors.
The report states that the current mar-
in the world including ket rents for factories / warehouses within
Johor ranges from RM0.80 to RM1.50 psf
Malaysia.” — Holt per month, which is on par with the major
industrial zones in Selangor.
Knight Frank Johor branch head Debbie
Choy says the good air and maritime con-
nectivity in Johor, established infrastructure
namely the Senai International Airport as
well as the Johor Port and the Port of Tanjung
Pelepas, have supported the state’s vibrant
logistics industry.
“Johor has always been an attractive
destination among Chinese investors. In
fact, China is among the largest investors in
Iskandar Malaysia since its inception in 2006,
especially in the manufacturing sector. Moving
forward, Johor is well positioned to capitalise
25 30 35 40 45 50
on the continuing strong bilateral relations
between China and Malaysia,” says Choy.
LOW YEN YEING | EdgeProp.my
FR IDAY M AY 1 0 , 20 1 9 • T HE E DG E FINA NCIA L DA ILY EP 7
EP 8 FR I DAY M AY 1 0 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
Sunway’s Build-Own-Operate
model for sustainable development
F
o r M a s te r C o m mu n i t y D e v el o p e r
Sunway Property, the adoption of the
Build-Own-Operate (B-O-O) model has
proved to be a successful strategy for its
township developments.
Its flagship Sunway City Kuala Lumpur is the best
example of the implementation of the B-O-O model.
The award-winning integrated township consists of
seven components — universities, a medical centre,
a shopping mall, hotels, multipark attraction, offices
and residences, all served by Malaysia’s first elevated
Bus Rapid Transit (BRT), and they are all built, owned
and operated by the Sunway Group.
Each component complements the others and
is seamlessly connected via various main roads and
highways as well as a 4.8km elevated canopy walkway
that enables pedestrians to access the various facilities
within the township on foot.
The various components not only serve its residents
but they have opened up business opportunities, cre-
ating a vibrant township.
Even after 45 years, the 800-acre integrated Sunway
City Kuala Lumpur remains vibrant with a population
of 200,000 including 40,000 students. It also attracts
about 42 million visitors a year.
Sunway Bhd property development division cen-
tral region executive director Chong Sau Min stresses
that sustainability is something the company practises
across its real estate value chain so that the communi-
ties that they build can continue to thrive in the future.
“We adhere to our B-O-O business model which
makes us co-invest with the communities we build as
its largest stakeholder,” he adds.
Sunway Property has six core competencies which
include land bank acquisition, master planning and
design, construction and supply chain management,
marketing and sales, property investment and business
operators, and real estate investment trust (REIT) and
REIT management. These core competencies allow
it to execute its B-O-O business model successfully.
This business model is especially useful when it
comes to township master planning as it means that
Chong: We adhere to our
B-O-O business model
where we co-invest with the
communities. This model
enables us to remain as
stakeholders within the
communities we build.
Wong: We wanted to
develop Sunway City Ipoh
as a new tourist destination
for Perak, specifically for
Ipoh.
Sunway Property can ensure the sustainability of its
townships, says Chong.
Under the B-O-O model, Sunway retains a 30% to
50% stake in the assets within its townships including
Sunway Iskandar and Sunway City Ipoh, so that it can
continuously recycle capital and manage the integrat-
ed townships to deliver growth for its communities.
“Being the largest stakeholder within these com-
munities allows us to reinvest our profits for perpetual
growth — such as infrastructure and facilities upgrades,
so that we can ensure that our property purchasers
can enjoy sustainable property appreciation,” Chong
elaborates.
SUNWAY CITY IPOH  THE
LIMESTONE CAVES AS INSPIRATION
About 200km north of Sunway City Kuala Lumpur lies
Sunway City Ipoh, Perak. Located right before the exit
to Ipoh off the North-South Highway, is the view of the
lush greenery and the imposing limestone caves that
serve as an inspiration to Sunway Group founder and
chairman Tan Sri Dr Jeffrey Cheah ao.
Sunway City Ipoh epitomises resort living with a wide range of lifestyle features.
Spanning about 1,350 acres with a GDV of about
RM5 billion, Sunway City Ipoh epitomises resort living
with a wide range of lifestyle features.
“We wanted to develop Sunway City Ipoh as a new
tourist destination for Perak, specifically for Ipoh. We
wanted to develop the area as a catalyst for more in-
tensive growth for the Eastern Development Corridor
of Ipoh City, which is based on tourism, recreation, in-
stitutions of higher learning and agro-business while
preserving and enhancing the natural environment in
the vicinity,” says Sunway City Ipoh’s executive director
Wong Wan Wooi.
Sunway’s presence has brought sweeping changes
to life in this part of Perak. The infrastructures with-
in and around the township are constantly improved
while employment opportunities are created through
Sunway City Ipoh’s own hospitality, retail, leisure and
education business components with robust support
that amplifies tourism growth.
The development which began in the late 90s has
seen Sunway City Ipoh augment sustainability both
economically and environmentally, which is evident
FR IDAY M AY 1 0 , 20 1 9 • T HE E DG E FINA NCIA L DA ILY
The 1,800-acre Sunway Iskandar comprises six well-crafted precincts.
Sunway City Kuala
Lumpur is the best
example of the
implementation of the
B-O-O model.
from the preservation of the area’s pristine forests
and natural beauty.
Sunway City Ipoh is close to the heart of Tan Sri Dr
Jeffrey Cheah ao as he hails from Perak and is keen
to accelerate Ipoh’s socio-economic transformation.
Sunway City Ipoh is thriving today, and has at-
tracted various food and beverage franchises, budget
hotels, light industries and small- and medium-sized
enterprises to set up here.
“In the future, Sunway City Ipoh will have several
exciting projects including Sunway Medical Centre,
Sunway Education, Assisted Living, a shopping mall
and serviced apartments that will tap onto the natural Sunway Valley City in Penang comprises a wide range of lifestyle features that rejuvenates the Paya Terubong area.
hot springs in the township,” Wong adds.
Indeed, plans are afoot to develop Asia’s first res-
idences with natural hot springs “in the sky”, namely
Sunway Onsen Suites which will capture the beauty
of the hills, rivers and greenery.
This full-service residential development will be
part of a 31-acre development comprising the Lost
World Mall, serviced apartments, retail shops and a
riverside boulevard.
REPLICA OF SUNWAY VELOCITY
FOR PENANG
In Penang, the B-O-O model has helped in making
the “Bandar Sunway” in Seberang Jaya a well-received
commercial hub with notable capital appreciation. Lim: The B-O-O model
Sunway Perdana, a 49-unit commercial develop- enables us to enhance
ment within the vicinity, has definitely proven Sunway’s and upgrade to cater to
B-O-O has brought catalyst to the surrounding area community needs.
with an increase of 272% capital appreciation based
on the last transacted price of RM3.1million in 2016
compared to its first launch in 2010.
“As a Master Community Developer, we commit
to co-invest and grow alongside our community. This
B-O-O concept enables us to enhance and upgrade
to cater to the needs of the community from time to
time,” says Sunway Penang senior executive director
Daniel Lim.
The RM500 million expansion of Sunway Carnival
Mall which started in March 2018 to increase its net
lettable area (NLA) to 1 million sq ft from 500,000 sq ft
is expected to complete by the fourth quarter next year.
Besides, the second phase of upgrading and refur- Soosay: With the B-O-O
bishment of the existing Sunway Carnival Mall building model, we want to make
is also in the pipeline and targeted to complete by 2022. Sunway Iskandar one of
Lim notes that there will be a new 180-bed Sunway the most liveable cities in
Medical Centre of RM300 million gross development Southeast Asia.
cost adjacent to the Sunway Hotel Seberang Jaya which
is targeted to complete in Q4 next year to provide qual-
ity medical care to the nearby community.
Meanwhile, the second development with B-O-O
business model is Sunway Valley City in Penang island
- a 25-acre integrated development at Paya Terubong.
EP 9
“This will be a replica of Sunway Velocity (in Cheras, Currently, the on-going developments include a
Kuala Lumpur), which will also be another benchmark 500,000 sq ft Sunway Big Box Village which will be
of Sunway’s B-O-O development on Penang Island the first large format retail village in Malaysia and a
with proposed components of commercial retail shops, hotel to support the influx visitors who will be here.
serviced apartment, offices, a rehabilitation hospital, a To complement the residential and retail offerings,
shopping mall and an education component,” says Lim. Sunway Iskandar will be introducing a unique leisure
component, a 32-acre XPARK, right next to the Sunway
SUNWAY ISKANDAR AS NATURE’S Big Box Village. The adventure park will have a variety
CAPITAL CITY of activities such as kayaking, Go-kart, paintball, wall
Education is the cornerstone of Sunway communities climbing, ATV, glamping and more.
and Sunway Iskandar in Johor Bahru is home to the “As we develop each precinct, we are planning to
Sunway International School Sunway Iskandar — the build an integrated development to create a sustain-
first school in the region to offer the Canadian Inter- able and liveable township with 40% greenery here in
national Baccalaureate programme. Sunway Iskandar. Next will be the Riverside precinct,”
This is also the second Sunway International School he emphasises.
after the first Sunway International School in Sunway To help raise the community spirit in the township,
City Kuala Lumpur. the developer organised events such as Movie Outing
The 1,800-acre Sunway Iskandar is crafted into Day, Viper Challenge as well as Race for a Better Planet,
six beautiful precincts, namely The Marketplace, The in conjunction with World Environment Day.
Capital, The Parkview, The Lakeview, The Seafront In every integrated township, Sunway always ensures
and The Riverside. good connectivity. Sunway Iskandar is conveniently
“We aim to build Sunway Iskandar with the same accessible via the Coastal Highway Southern Link.
vision which is to create a thriving community. The first “With the B-O-O model, we want to make Sunway
development that we brought in to Sunway Iskandar Iskandar one of the most liveable cities in Southeast
was the Sunway International School in the Lakeview Asia and we look forward to growing our community in
precinct, because our founder Tan Sri Dr Jeffrey Cheah Iskandar into a world-class community,” Gerard adds.
ao believes that education provides the optimum route Sunway’s B-O-O business model is a testament to
out of poverty. its thriving townships and developments across the na-
“Next, we started with the first mix development tion. It crafts a journey for Sunway to continue building
which is the Sunway Citrine Residence which com- more integrated, liveable and sustainable communities
prises residential, offices and mall. Our offices were wherever they set their foot on.
fully sold out within a week when we first launched
back in 2015 and our mall which now has 97% tenancy
was open in January last year,” says Sunway Iskandar
CEO Gerard Soosay.
Following the success of Sunway Citrine, Sunway
Iskandar has launched the Sunway Citrine Lakehomes,
which is just 500 meters from the seafront and Sun-
way Grid, the first build-and-own development in the
Marketplace precinct.
 10
“A”
EP
COVER S TORY
An
for effort
BY TAN AI LENG
D
uring a Grab car ride
from KL Sentral to
our office in Mutiara
Damansara recently,
the driver asked us
where we worked and
when told that we
were from the property portal EdgeProp.
my, he began a conversation on the
current Malaysian property market
that lasted the entire 20 minute-ride.
What caught our attention was the high
praise he heaped on the country’s first
woman Housing and Local Government
Minister Zuraida Kamaruddin and the
work she has done including the policies
that the ministry has introduced thus far.
”She knows her portfolio and what
she’s doing. Instead of targeting the up-
per income class, she is taking care of
the lower and mid-income groups who
make up the majority of the country’s
taxpayers,” said the young 30-some-
thing Malaysian who said that he is an
opposition party supporter but that he
remained impressed by Zuraida’s for-
titude in dealing with housing issues.
Even in Parliament, the Iron Lady of
Parti Keadilan Rakyat (PKR) has been
winning compliments from the oppo-
sition bench as well. It was report-
ed that a few Opposition Members of
Parliament were impressed with her
performance in answering the tough
questions aimed at her ministry during
the Q&A sessions in Parliament. They
were also glad that she decided to pro-
ceed with the PPR (People’s Housing
Projects) which had been approved by
the previous housing minister. It is in-
deed rare to see politicians in Malaysia
openly giving compliments to a member
of an opposing party.
On top of that, Zuraida is known for
her hard work and commitment to her
portfolio. She probably has one of the
busiest schedules amongst ministers,
often packed with back-to-back meet-
ings in between officiating events and
other scheduled work.
One meeting she had with EdgeProp.
my in September last year was at the
Kuala Lumpur International Airport VIP
departure lounge at 12 midnight before
she departed overseas!
FR I DAY M AY 1 0 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
CLICK/TAP HERE
to watch a
video interview
with Zuraida.
I have no
Despite her busy schedule, she regrets, be it
always has time to comfort others. For
instance, in September last year, Zuraida for the last one
visited a family who had just suffered year or for my
the loss of a 3-year old girl after she
fell to her death from her home on past 61 years
the 17th floor of the PPR flats in Kota of my life.
Damansara.
In November, Zuraida rushed to the I am happy with
hospital to be with the families of six
rescue divers from the Fire and Rescue
what I have
Services Department who drowned in achieved and
a mining pond in Puchong following
a failed rescue attempt.
will continue
to do more.
Self-appraisal
When asked to rate her performance — ZURAIDA
in her first year in office, Zuraida
confidently gave herself a score of
8 out of 10.
“It’s very hard to rate myself as there
are various aspects to the work, I’m not
all the time ‘A’ or all the time ‘D’. But for
now, I think I’m on track with my plans
and in delivering what the people expect
the housing ministry to do.
For my almost one year performance,
I would give myself an 8, based on my
performance in solving problems, re-
sponding to all kinds of situations and
setting priorities,” she tells EdgeProp.
my in her Putrajaya office on April 18th.
Although she never imagined being a
minister, least of all the housing minis-
ter, the moment she was given the post,
she was committed to doing her best,
the way she has been committed to
her task as the Ampang MP.
“I have no regrets, be it for the last
one year or for my past 61 years of
my life. I am happy with what I have
achieved and will continue to do
more,” says Zuraida.
PICTURES BY LOW YEN YEING  |  EdgeProp.my
“KPKT (Housing and Local Gov-
ernment Ministry) is the pulse of the
nation as it handles problems relat-
ed to housing for the people, local
government, waste management,
firefighters and rescuers as well as
housing demand and supply. These
are all the components of nation
building. I told my staff that, and
told them to be proud of what we
are doing as we are part of nation
building,” she enthuses.
FR IDAY M AY 1 0 , 20 1 9 • T HE E DG E FINA NCIA L DA ILY
Improving strata living
To say it has been a busy and hectic year for Zuraida
since she was sworn in as minister last May would
be an understatement.
The past 12 months have just been a warm-up
for the 61-year old minister, and a chance to kick-
start new projects and policies. Moving into the
second year, she wants to delve deeper into the
issues and seek solutions to the housing problems
in Malaysia.
One of them will be to reform the Strata
Management Act and to empower the Commissioner
of Buildings (COB), says Zuraida, because post-de-
velopment is an important aspect of housing to
create a safe and quality living environment for
the people.
“Over 75% of the people who are now stay-
ing in high-rise strata property are facing a lot of
problems in communal living, from cleanliness
and safety, to the upkeep of common spaces. But
there are missing links between current laws and
enforcement to effectively handle the problems
(in strata living),” she tells EdgeProp.my.
Hence, KPKT is now looking at reviewing the
Strata Management Act and the COB structure to
make the laws and regulations easier to understand
by all income groups as well as to simplify the de-
cision-making process by Management Corpora-
tion s(MC) or Joint Management Bodies (JMB).
This, says the minister, is also in line with the Na-
tional Community Policy (DKN) that was launched
by KPKT in February this year which aims to im-
prove the living environment in public housing and
housing for the B40 group in collaboration with
the private sector. EdgeProp.my is facilitating the
collaboration between KPKT and the private sector
for the corporate social responsibility programme
under the DKN. It has also created a dedicated
website to raise awareness and educate the public
about the policy and the needs of PPR residents.
“There are some missing links in the handling
of communal living issues in stratified properties.
On one hand the COB is not empowered while on
the other hand the Strata Management Act is quite
complicated to most people,” says Zuraida.
As a result, when issues such as maintenance
fee collection arise, a decision is difficult to be
made and action can’t be taken.
Higher income residents will probably have
extensive knowledge in property management,
they also have the financial capacity to engage
specialists to handle strata-related problems for
them, but for the lower income group, they may
lack knowledge and resources, she says.
Things get even more complicated, she adds,
when a developer hands over the development to
the JMB or MC, hence, it is important to educate
every strata property resident on the laws and reg-
ulations related to communal living.
The surprise However, the review of the Strata Management
appearance of Act — to make it easy to understand by the man-
Zuraida at one of on-the-street — as well as the restructuring of the
the bazaar booths COB’s role and to place it under KPKT’s manage-
during the launch ment, will need some time to realise.
of the National “I have started the ball rolling. Currently we are
Community Policy. organising workshops and forums for all stakehold-
ers to help them understand the issues. I hope that
by the end of next year, I could complete the study
and present the paper to the cabinet and seek Par-
liament’s approval,” explains Zuraida.
Reviving abandoned projects
Abandoned housing will also be a focus of the
ministry this year. The first case she is hoping to
close is the infamous Highland Towers project.
This condominium project in Ulu Klang has been
abandoned for 26 years after the deadly landslide
in December 1993 which led to the collapse of one
of the three towers, killing 48 residents.
Soon after the news that the ministry would
be redeveloping the site, Zuraida says the owners
of several condo units who were not contactable
previously had come forward and negotiations are
now in progress.
Once permission is secured from all owners,
Highland Towers will be torn down and the site
will be redeveloped into a proposed recreational
park with 50 bungalows around it.
“After Highland Towers, I’m going to look into
other abandoned projects. During my trip to Rantau
in Seremban, I saw a lot of abandoned hotel pro-
jects along the road to Port Dickson. This is such a
waste. If they are developed, it could generate more
business opportunities to the locals,” she notes.
Zuraida’s ąrst According to the National Housing Department,
day in ofące as of June 2018, there were a total of 254 abandoned
in May 2018. projects in Peninsular Malaysia with Selangor
EP 11
COVER STORY
having accumulated 82 followed by Johor and
Negeri Sembilan, which has 44 and 25 abandoned
projects, respectively.
However, she adds, to revive the abandoned
projects in Malaysia requires time. The current
laws may need to be reviewed, while cooperation
with local governments is needed to simplify the
overall redevelopment process.
M40 will be the next focus
Being the first woman housing minister and taking
on the position when the property market is down,
all eyes in the industry are on Zuraida’s every move.
The problem is in considering the different wish
lists of the various stakeholders. For instance, in-
dustry players wanted more to be done to stimulate
the quiet market while homebuyers are hoping for
even easier ways to own a property.
For now, Zuraida has taken a firm position to
prioritise the needs of the lower income group,
especially the B40 group. The policies launched by
KPKT include the National Housing Policy (DRN)
2018–2025 and the National Affordable Housing
Policy — a sub-policy under DRN — in January
2019, as well as the DKN which focuses on the
needs of the B40 group.
However, Zuraida has also expressed concern
for the mid-income M40 group and promises that
there will be more policies to look after the housing
needs for the lower M40 group soon.
“We are looking at the financial mechanism, to
find more accessible financial packages to make
the process (of owning a home) easier for the B40
and M40 groups. We are also looking at other op-
tions, for instance, the FundMyHome or Rent-to-
Own schemes (RTO), which could help them own
a home,” she notes.
CONT INU E S ON PAGE 1 3
EP 12
COVER STORY
Dear minister, not bad
at all for your ˎrst year!
BY E D GE PRO P.MY
ou see her in the news almost
Y every day. Not just once but
several times per day, she
is quoted in articles talking
about matters related to the
Housing and Local Government Ministry
(KPKT). It is undeniable that the Housing
and Local Government Minister Zuraida
Kamaruddin is one of the hardest working
ministers we have today.
In a street poll of 20 people, conducted
by EdgeProp.my recently, most said they
were satisfied with Zuraida’s performance
and are looking forward to more announce-
ments from the ministry this year.
The 20 respondents, aged between 22
to 71 years old include students/young
graduates who are interested in owning a
home, homeowners looking for a second
property, retirees, property investors, real
estate negotiators and business owners.
Of the 20 respondents, 15 said the
minister has carried her role as minister
well over the past year. The rest opined that
it is too soon to judge, and that more time
was needed to observe the impact of the
policies and measures introduced thus far.
Thumbs upp for
housing policies
The majority lauded Zuraida’s efforts
in promoting affordable housing and
in encouraging homeownership for the
lower income group. They also welcomed
the National Home Ownership Campaign
(HOC) which was rolled out in January and
will continue until June.
One of the respondents, who only
wanted to be identified as ‘John’, said
the HOC has benefited many young
homebuyers, including his son who has
just purchased a unit during the HOC at a
10% discount with other freebies included.
“I think KPKT has been very active ever
since Zuraida took over last May. From
the policies she initiated, I feel she is a
sincere minister that really wants to ease
the challenges in the property market,
such as pushing for more affordable
homes and launching the six-month
house-buying campaign to clear existing
stock in the market,” said the 58-year old
businessman.
However, 12 of the people polled said
the policies and measures announced by
the new minister lacked details and as
such, had failed to make an impact.
“For example, I was happy when I heard
that they promised to build one million
affordable homes and that more financial
packages for the lower income group will
be initiated. They announced schemes
such as DepositKu, but there are still so
many details that have not been finalised
about the scheme yet,” said 30-year old
marketing communications executive Tang
Chin Huey.
Loan rejections
Many prospective home buyers have
complained about loan rejections
hindering them from getting their dream
home. As many as eight people polled
raised this issue with six of them noting
that housing prices are far beyond what
they can afford right now.
A commodity trader who declined to be
named said loan rejections are the main
reason many young Malaysians who are
in the lower M40 group are unable to own
a home while 67-year old retired teacher
Karishnan said affordability is the main
FR I DAY M AY 1 0 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
challenge for the B40 or M40 purchasers
today and hopes KPKT can come up with
some sort of mechanism to tackle the
issue of rising house prices.
“She (Zuraida) also needs to work
hand-in-hand with stakeholders such
as Bank Negara Malaysia to achieve her
goals that were pledged to the rakyat.
Otherwise, she will have a very tough
time and her good intentions may not be
successful,” he added.
Please don’t
forget us
Although the minister’s focus on the B40
group has won some hearts, other groups
of homebuyers and property investors are
also clamouring for attention.
One person said she was impressed
by Zuraida’s focus in helping the B40
group and first-time homebuyers but as
an upgrader who is looking to move out
of her apartment, she felt a bit left out by
government as someone who was looking
for a bigger house for her growing family.
“I am a mid-income earner and I want
to look for a landed home for my family in
the Petaling Jaya area which is close to my
office, but houses here are too expensive
for me. It would be great if upgraders
could get some perks or tax incentives
when buying their next property after
selling their current house,” said the 46-
year old accountant.
Meanwhile, Woon, a 55-year-old
manager who owns a home which he
rents out for income was concerned about
Pakatan Harapan’s promise of one million
houses in ten years as well as the Rent-to-
Own (RTO) concept which the ministry is
encouraging as it might cause an oversupply
of affordable homes and worsen the
Zuraida (fourth from
left), Prime Minister
Tun Dr Mahathir
Mohamad and his
wife Tun Dr Siti
Hasmah Mohd Ali
during the launch
of the National
Community Polic li y in
in
Februa
Feb ruary
ry thi
thiss year
year..
PICTURES BY LOW YEN YEING | EdgeProp.my
current stagnant rental market.
“I am not a speculator, I am just
renting out one of the houses I bought
using my hard-earned money for stable
income when I retire. If the market is
flooded with affordable homes and RTO
homes, it will have a negative impact on
property owners who rent out their units,”
added Woon.
Also sharing the same concern of
oversupply is 60-year old trader Ben Chua.
“A healthy market needs a variety of
property choices, but if current policies
overemphasise first-time homebuyers,
it will dampen investors’ sentiment in the
Malaysian property market,” he said.
Quality senior living
Interestingly, a few people polled raised
the issue of a lack of attention for senior
living. They were concerned about the
aging population in the country and
reckoned that there is a need for the
government to set some basic rules
and regulations to ensure senior living
facilities are included in a property
development or community.
“My husband and I plan to downsize
to a serviced apartment but we have
found that current high-rise residential
developments have neglected the needs of
senior residents. There are so few senior-
friendly facilities and design features
in current condominium and serviced
apartment projects, such as pathways for
wheelchair access and panic buttons.
“Also, as a senior, I don’t really use
the common facilities such as gym or
swimming pool. Personally, I prefer green
spaces and areas where I can relax and
spend time with my neighbours,” said a
60-year old retiree.
FR IDAY M AY 1 0 , 20 1 9 • T HE E DG E FINA NCIA L DA ILY EP 13

COVER STORY

Easing homeownership
with attainable ˎnancial packages
F ROM PAG E 1 1
Besides working with Bank Negara, she is
also in talks with foreign investors including
from China and Korea, to obtain funding
support for the RTO schemes.
According to her, there are seven compa-
nies that are interested to invest and may sign
a Memorandum of Understanding (MoU)
with KPKT soon.
Meanwhile, the National Mortgage Cor-
poration — Cagamas is also looking at in-
troducing a shared equity scheme to provide
alternatives to people who want to own a home.
She points out that developers have the
capital to build the houses desired by the
homebuyers but purchasers can’t afford the
houses and have difficulties in securing loans.
In some cases, the people who could
afford monthly instalments could not get a
loan due to insufficient income supporting
documents or credit track record. Because
of this, the minister is looking at various
ways to encourage homeownership through
alternative funding schemes such as the
FundMyHome+DepositKu scheme which
was unveiled in February this year. The pi-
lot scheme aims to ease homeownership
among the B40 group.
FundMyHome enables a first-time home-
buyer to buy a home by paying only 20% of
the purchase price. The balance 80% will
be funded by institutions. Under FundMy-
Home+DepositKu, the same homebuyer,
if eligible, will receive a loan of RM30,000
from the government to help with the 20%
payment. As a result, the homebuyer who
wants to buy a RM307,000 home will only
need to pay RM31,400 to own the home.
If the buyer is eligible for the 7% bumiput-
era discount, then he or she only needs to
pay RM9,910.
Most recently, Zuraida went to Beijing,
China with Prime Minister Tun Dr Mahathir
Mohamad at end-April to participate in the
Belt and Road initiative. During the trip, she
learnt more about the Industrial Building
System and waste management business
and technology.
It is obvious that Zuraida has taken to her EdgeProp.my managing director and editor-in-chief Au Foong Yee (second from
role as housing minister like a duck to water, left), followed by The Edge Media Group chairman Datuk Tong Kooi Ong and
and we can only wish her all the best in the Zuraida with the Eco World Development Group Bhd team at the launch of the
days ahead and to keep up the good work. FundMyHome+DepositKu scheme.

Rehda: Thank you for listening PEPS: Other ways to resolve

and your willingness to make changes the oversupply problem
HARIS HASSAN | THE EDGE
B Y TAN A I LE NG Rent-to-Own Schemes as B Y TA N A I L EN G the new government needs
well as improve protection time to familiarise itself
he Real Estate and for both owners and he National Home and lay the groundwork for

T Housing Developers’
Association (Rehda)
lauded Housing and
Local Government Minister
Zuraida Kamaruddin’s
tenants.
However, there are
still many issues that
need to be addressed
between the federal and
T Ownership Campaign
2019 (HOC) could be
one good way to help
tackle the overhang situation
in the current residential
various short- to medium-
term plans and initiatives.
“Whilst there hasn’t
been any major policy
announcements of note,
willingness to listen to the state governments; such property market but the the minister has largely
needs of stakeholders in as reducing the costs of Association of Valuers, Property focussed on home
handling the various housing doing business which will Managers, Estate Agents and ownership, affordability
and development issues. ultimately be transferred to Property Consultants in the Kong: Genuine and empowerment of the
Rehda president homebuyers. Private Sector Malaysia (PEPS) homebuyers could B40 group in particular,”
Datuk Soam Heng Choon Soam: We are hopeful According to Soam, president Michael Kong opines take advantage of the he notes.
says the minister had that the journey towards this could be achieved by that the initiative should extend HOC and beneąt from Kong adds that the
taken cognizance of the better governance and reducing compliance costs to the secondary market to substantial savings. implementation of incentives
association’s input and wish transparency will continue. and land premium as well resolve the problem in a more and rebates for investors
list that was sent to the as all development charges. effective way. to absorb overhang stock will, in turn,
government in May 2018. Besides that, the ministry “Having a unified “Genuine homebuyers could take increase availability of rental stock. These
“The ministry has been has also commenced the approval process that advantage of the HOC and benefit from the rebates and incentives would act as a buffer
working on addressing process of setting up a will reduce development substantial savings from the discounts by against any diminution in rents arising from
some of the highlighted Central Housing Database time will translate to cost developers and the stamp duty waiver while increased supply to the market.
issues for the past one which will consolidate data savings,” he says. developers could take the opportunity to While encouraging homeownership,
year. For instance, in from multiple agencies at He notes that there offload some of their existing unsold stock. Kong opines that housing the population
addressing the affordable the federal, state and local should also be a common “However, I feel that the initiative should does not necessarily mean everyone
housing issue, the ministry government levels. bumiputra quota policy be extended to the secondary market too as owns a house, instead, renting should be
has already launched the Soam believes that this and a transparent release the current oversupply situation is not just encouraged so that financial pressure or
Dasar Perumahan Negara database will help both mechanism, as unsold units due to unsold developer units but also the burden can be alleviated.
2018 – 2025 and placed planners and developers attract high holding cost vacant and unoccupied units which are held To fully understand the occupancy
all overlapping agencies to make more informed which will ultimately be privately by owners,” he tells EdgeProp.my. rate of certain projects, he says the
handling affordable housing decisions in building the passed on to buyers. The HOC is an initiative by the Housing Joint Management Body, Management
under her ministry,” says right product, with the right “We understand that and Local Government Ministry (KPKT) to Corporations or local councils should
Soam. pricing, in the right location resolving all issues at tackle the high number of unsold homes be compelled to provide occupancy or
Another move by the at the right time. It will also one time is impossible. in the country. The six-month campaign vacancy information to ascertain the true
ministry that has benefitted facilitate decision-making However, we are hopeful is running until June, offering stamp property supply and demand situation in
the mass market, adds when it comes to industry that the journey towards duty waivers and other incentives to the country.
Soam, is rolling out the guidelines and policies, he better governance and homebuyers. Meanwhile, he also proposes that KPKT
national Home Ownership adds. transparency will continue In sharing his thoughts on areas in which monitor the quality of housing developers
Campaign (HOC) which In improving the rental and we at Rehda are always KPKT Minister Zuraida Kamaruddin could by introducing a barrier to entry for first-
encourages homeownership market, he notes that the supportive of policies and improve upon in the near future and her time housing developers. For instance,
and provides a platform for ministry is also formulating initiatives that will make performance thus far in her first year as their maiden project should be based on
developers to market their a robust Rental Tenancy Act housing affordable and the minister, Kong says one year is too short to the “build-then-sell’ concept to ensure
unsold units. which could help facilitate industry more robust.” assess the performance of the minister as their ability to deliver the project.
EP 14 FR I DAY M AY 1 0 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

I NSTA-SPOTS
PICTURES BY LOW YEN YEING | EdgeProp.my

The amazing
hanging Origami
doves is formed
by 41,600 doves
hand-folded
by the PPB
Group property
division’s staff
and their family
members.

Trees + art +
entrepreneurs
= The Linc
B Y SHAWN NG

I
PPB Group is the property manager of The Linc which is
owned by The Kuok Group. Both are controlled by tycoon
f you are looking for a place to take amazing Instagram Robert Kuok.
shots, enjoy some nice food and appreciate some art
by local talents - look no further than this humble re- An oasis in the city
tail spot called The Linc. Lush greenery with plenty of trees surrounds The Linc, but
Opened last November, the mall is situated on a what stands out are six mature trees that are decades old.
3.67-acre site at the intersection of Jalan Ampang and Of the six, three are situated within the mall, giving the
Jalan Tun Razak in Kuala Lumpur city. But make no mis- place an air of tranquility and offering city folks peace
take, this two-storey mall is no ordinary shopping centre. amidst the hustle and bustle outside.
With its vivid murals, colourful art installations and a “One of the key instructions from the senior manage-
wide array of home grown brands setting up shop here, The ment of the Kuok Group was that the trees must not be
Linc strives to become a community-centric destination for touched,” Chew recalls.
both locals and tourists especially foodies, Instagram-ers, “So, we hired an arborist to advise us on how the trees
art and culture lovers and those looking to support local can be maintained, and incorporated them into the over-
entrepreneurs, says PPB Group Bhd property division chief all design. We constructed the mall around them,” he says.
operating officer Chew Hwei Yeow. Retaining the trees turned out to be an excellent move. Chew: We
“We have a fantastic location in the city centre. Howev- Visitors to the mall can frequently be seen taking selfies chose to go
er, instead of going high-end, we decided to be more com- with the trees and the creatures that hang out among the with arts and
munity-centric and focus on a niche market so we chose trees such as squirrels and birds. murals to
to go with arts and murals, to create our own charm,” he The trees also serve as inspiration to budding artists. A create our own
told EdgeProp.my. group of painters visit the mall every Saturday. They have charm.
FR IDAY M AY 1 0 , 20 1 9 • T HE E DG E FINA NCIA L DA ILY
Almost all of the tenants in the mall are homegrown brands, such as rattan
furniture producer HOMES by Rahim x Nik .
Decades-old trees are
rooted within the mall,
offering a sense of
tranquility to the place.
their own space provided by the mall management
for them to paint and be inspired by the trees.
“Everyone has been so respectful of the trees
and the response has been so encouraging,”
Chew says.
Art installations and murals
The most stunning art installation in the mall is
probably the hanging origami doves. Some 41,600
doves in 40 colour collections, each hand-fold-
ed by the PPB Group property division staff and
their family members over a period of about six
months, were hung up in February this year.
There is also an attractive rainbow-hued stair-
case where visitors can chill and take selfies.
Also not to be missed are the murals created by
local and international artists. A giant owl on the
wall seems at home among the trees, while the
fire-hose reels are turned into octopus instead.
There is also the romantic rafflesia and tropical
flora mural which has poetry written on it.
The management has provided plenty of seats
and tables within the public spaces to encourage
visitors to linger and enjoy the art around them,
explains Chew.
“Some of the chairs are recycled from our New
World Park in Penang. Instead of throwing them
away, we sent them down here and repainted
them,” he adds.
The art is in line with the mall’s objective to
provide a platform for local talents to showcase
their works and in turn, expose them to a wider
audience.
Chew notes that the artist who created the owl
mural, Amarul Abdullah, was later appointed by
one of the mall tenants to undertake the interior
design of its outlet.
“We actually have such talented people in
Malaysia but no platform for them to showcase
their artwork and make a living from it. We hired
them to do the interior design for us and then
some of the tenants decided to continue the style
in their outlets and appointed them to do the job
as well,” he says.
Homegrown brands
Of the 130,000 sq ft of net lettable area in The
Linc, about 87% has been leased out, of which
almost all tenants are homegrown brands such
as Ben’s Independent Grocer, BritishIndia, Spice
Garden, Wrappe and De.Wan 1958.
Food and Beverage (F&B) will be a major seg-
The Linc is a humble but unique retail spot located at the intersection of Jalan Ampang and Jalan Tun
Razak in Kuala Lumpur city.
EP 15
INSTA -SP OTS
ment of the tenant mix and it is expected to hit
40% while the rest will constitute services such as
a gym, hair salon, dental clinic, money changer
and laundry service.
“These are very strong homegrown brands that
can cater to mid- to high-end market segments.
And we are very muhibbah because we have got
De.Wan 1958 that serves authentic Malay cuisine;
Shu Xiang Lou Hotpot and Sichuan Cuisine that
caters to Chinese crowds; and Spice Garden, an
award-winning Indian restaurant – all of them
are founded by Malaysians,” he notes.
Apart from F&B, there are many more home-
grown brands such as rattan furniture producer
HOMES by Rahim x Nik, Batik-inspired apparel
Kapten Batik and handmade ceramic-ware outlet
Bendang Artisan.
One could chill out with a cup of coffee at
Bean Brothers or calm their mind with the cre-
ative indoor flowers and plants at Pasu Crafted.
Those looking for a more exciting and im-
mersive experience – the real escape room game
Hauntu by Breakout is able to offer you an un-
forgettable theatrical experience.
Constantly evolving
Although The Linc is not fully occupied yet, the
management is not in a hurry to fill up the re-
maining spaces as the team wants to select the
right tenants that will suit the mall best.
Nevertheless, the management is committed to
keeping the mall fresh with constant art changes
in collaborations with artists.
“We might take down the doves after six or
nine months for something else. We want to
continuously evolve so that there will always
be something new for visitors when they come,”
he says.
Currently, PPB Group is working on its next mall
in the Klang Valley – the retail mall at Megah Rise
mixed development in Taman Megah, Petaling Jaya.
The mall has yet to be named, but similar to
The Linc and Cheras LeisureMall, it will be com-
munity-centric to cater to the neighbourhood
and the surrounding areas.
Slated to open in early 2022, PPB Group is
hoping the new mall will become another Ins-
tagram hotspot, he says.
“We are doing something quite interesting
which we have not seen before. There will be
something very creative on the building facade,”
he hints.
EP 16 FR I DAY M AY 1 0 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

Published by The Edge Property Sdn Bhd (1091814-P) Level 3, Menara KLK, No 1, Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, Selangor, Malaysia.
Printed by Ultimate Print Sdn Bhd (62208-H) Lot 2, Jalan Sepana 15/3, Off Persiaran Selangor, Seksyen 15, 40200 Shah Alam, Selangor, Malaysia.