FBM KLCI 1641.81 3.26 KLCI FUTURES 1643.50 1.50 STI 3322.64 6.43 RM/USD 4.0870 CPO RM2221.

6.43 RM/USD 4.0870 CPO RM2221.00 17.00 OIL US$70.34 0.94 GOLD US$1292.60 1.20
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM2.00

MONDAY APRIL 8, 2019 ISSUE 2864/2019

FINANCIAL
DAILY
www.theedgemarkets.com
MAKE
BETTER
DECISIONS
5hashurdles Bursa Malaysia
to overcome this year
67 HOME BUSINESS

4 HOME BUSINESS

Scomi Group on

DOWNWARD’s
track to revive
financial
fi nancial health?

PRESSURE ON
4 HOME BUSINESS

HeveaBoard out
l a y s i a
to win back
i s Ma ty?
lost customers h i c h op e r W r
ag e d P led
8 HOME BUSINESS

st M an b eu nv e i
Pavilion REIT to
Bukit Jalil
relook B B e e su lts to
r, A
R p r i l 21
a d i n ne I TAT I O N O N LY
mall ownership
t h e gal BY I N
V
15 W O R L D B U S I N E S S END
ORS
ED B
Y
at
Saudi Aramco set
for mega debt deal
|
AN D
SING
HOU

pitched by Dimon MIN

ISTR
LOCA
Y OF ERNME
L GO
V
NT

TED
BY

1617 FOCUS N SOR

| S UPP
OR

SPO
TING
POR
Trump says US | SUP

VALUATIONS
R
TNE
PA R
‘full’, cannot
accommodate TED
BY
|
SEN
more migrants PRE

Major shareholders may not get the

ideal pricing for new listings.
Wong Ee Lin has the story on Page 5.

18 W O R L D Watch these market correlations

May seeks new
Brexit blueprint — JPMorgan PA G E 2
 FBM KLCI 1641.81 3.26 KLCI FUTURES 1643.50 1.50 STI 3322.64 6.43 RM/USD 4.0870 CPO RM2221.00 17.00 OIL US$70.34 0.94 GOLD US$1292.60 1.20
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM2.00

MONDAY APRIL 8, 2019 ISSUE 2864/2019

FINANCIAL
DAILY
www.theedgemarkets.com
MAKE
BETTER
DECISIONS
5hashurdles Bursa Malaysia
to overcome this year
67 HOME BUSINESS

4 HOME BUSINESS

Scomi Group on

DOWNWARD
track to revive
financial health?

PRESSURE ON
4 HOME BUSINESS

HeveaBoard out
to win back
lost customers
8 HOME BUSINESS

Pavilion REIT to
relook Bukit Jalil
mall ownership
15 W O R L D B U S I N E S S

Saudi Aramco set

for mega debt deal
pitched by Dimon
1617 FOCUS

Trump says US
‘full’, cannot
accommodate
more migrants VALUATIONS
Major shareholders may not get the
ideal pricing for new listings.
Wong Ee Lin has the story on Page 5.

18 W O R L D Watch these market correlations

May seeks new
Brexit blueprint — JPMorgan PA G E 2
2 M ON DAY AP RI L 8, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
ON EDGE T V
www.theedgemarkets.com
Scrutinising
Genting Malaysia’s
boat buy
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(266980-X)
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Watch these market
correlations — JPMorgan
The US equity/credit spread is one worth watching
BY JOANNA OSSING E R
SINGAPORE: Cross-asset corre-
lations like that between stocks
and bond yields, or commodities
versus the US dollar, can signal
major market turning points. But
the conventional wisdom is not
always right either.
Investors rotating into risky mar-
kets express reservations “typically
informed by apparent breakdowns
in cross-asset correlations”, JPMor-
gan Chase & Co said in a note last
Friday that studied which relation-
ships will be worth tracking this year.
The bank’s strategists led by John
Normand cited “this year’s jolt in
stock prices but drop in bond yields
(and US curve inversion) or the sig-
nificant drop in US yields but only
modest decline in the trade-weight-
ed USD plus USD strength versus
most G10 (Group of Ten) pairs”.
The US equity/credit spread cor-
relation is worth watching, they
said. So far this year, stocks have
rallied as credit spreads tightened.
JPMorgan expects spreads to widen
later in the year as stocks continue
to gain. The strategists said that if
Crypto exchange Kraken sued
by former trading desk manager
BY V ILDANA HA JR I C
& M ATTHEW LEISIN G
NEW YORK/LOS ANGELES: A
former employee of Kraken, one
of the oldest bitcoin exchanges,
is suing the crypto platform for
allegedly failing to pay him for
work he did.
Jonathan Silverman, who was
hired in April 2017 to manage
Kraken’s institutional sales and
trading desk in New York, is de-
manding compensation in ex-
cess of US$900,000 (RM3.68 mil-
lion), according to a suit filed in
New York last Thursday. That is
based on an agreement Silver-
man says he reached with Jesse
Powell, the San Francisco-based
exchange’s founder, who offered
him a US$150,000 salary and orally
agreed to pay him a 10% commis-
sion of the trading desk’s annual
profit. Silverman said the trading
desk had generated more than
US$19 million in profits during
three months in 2017 and he never
received neither the commission
nor additional promised stock op-
tions. Silverman “is both lying and
in breach of his confidentiality
agreement”, said Christina Vee, a
spokesman for Kraken.
Powell is known in the crypto-
currency world for his outspoken
views on what rules should apply
the phenomenon is driven by deal
activity, it can be downplayed, and
it can be tolerated “for a while” if
any eventual US Federal Reserve
rate hikes are slow.
But another catalyst would be
a cause for concern. “If the driver
is weak corporate earnings, then
spread widening is an early warn-
ing sign worth heeding — as in the
late 1990s before equities peaked
in 2000,” the report said.
While much is being made of the
US dollar’s failure to decline, the
“worrisome” divergence around
the greenback is the difference be-
tween the performance of devel-
oped-market currencies against
it versus emerging-market (EM)
ones. The US dollar gaining versus
most major currencies and drop-
ping against most EM foreign ex-
changes occur only about 10% of
the time, according to JPMorgan.
“Strong country-specific influ-
ences outside the US need to be in
play to justify this anomaly as they
are now with respect to Europe and
the Antipodeans,” the strategists
said. “But this potential de-correla-
tion within currencies bears watch-
Kraken founder Powell has said that
the firm does not have to adhere to
New York rules because it has not
operated in the state for years.
Photo by Bloomberg
to the trading of digital assets. Last
year, Powell responded to a request
by the New York attorney general
for information on his exchange by
saying, in part, that “most crypto
traders” are not concerned about
“being protected from market ma-
nipulation” even though “scams
are rampant”. Kraken is one of the
exchanges that set prices for CME
Group Inc’s bitcoin futures con-
tract. Powell has said that Kraken
does not have to adhere to New
York rules because the firm has
not operated in the state for years.
For breaking news updates go to
www.theedgemarkets.com
ing if non-US conditions change.”
Sectoral and style divergences
in the equity market, such as cycli-
cals and growth stocks underper-
forming defensives and value while
the overall market is rising, could
be a concern, they said. But those
correlation breakdowns “are also
more common than many assume”.
Higher stocks along with lower
yields bother many investors, but
are actually the most common pat-
tern for the relationship and would
have been more of a concern if
activity data were softening, the
report said.
Another area not to be con-
cerned about is oil versus the US
dollar.
“Oil’s strength this year is con-
sistent with the historical pattern
of higher prices running along-
side USD weakness,” the strategists
wrote. “This is the market where we
are most inclined to dismiss any
apparent correlation breakdown
given how central supply conditions
are to the oil outlook and how ten-
uous the link is between currency
moves and producer decisions.”
— Bloomberg
In an April 2018 tweet, Powell
said: “We made the wise decision
to get the hell out of New York three
years ago.” Kraken announced in a
2015 blog post that it discontinued
its New York services, citing oner-
ous requirements from the state’s
BitLicense, a regulatory frame-
work required by the Department
of Financial Services for virtual
currency businesses. “Regretta-
bly, the abominable BitLicense
has awakened. It is a creature so
foul, so cruel that not even Kraken
possesses the courage or strength
to face its nasty, big, pointy teeth,”
the company wrote in the post en-
titled “Farewell, New York”. Those
assertions are challenged in Silver-
man’s lawsuit. Kraken had been
“misrepresenting to the public and
government regulators that it was
not operating in New York when
in reality, Kraken’s OTC (over-the-
counter) practice, and OTC trading
(including logging into the Krak-
en exchange and negotiating wire
transfers), occurred almost exclu-
sively in New York,” the filing reads.
“Just because some people in
the cryptocurrency space don’t
believe the rules apply to them
doesn’t mean that’s the way things
actually work,” David Silver, one of
the attorneys representing Silver-
man, said in an emailed statement.
— Bloomberg
Our first price
hike in 12 years
Dear readers,
Rising costs have left us
no choice but to raise the
cover price of The Edge
Financial Daily (TEFD) to
RM2 per copy from RM1.50.
This is the first price hike since
we started publishing TEFD in
2007. We look forward to your
continuous support to help
us deliver the best in finan-
cial journalism to you every
Monday to Friday.
Thank you.
Ho Kay Tat
Publisher & group CEO
China to step
up bank reserve
ratio cuts to help
small firms
BEIJING/SINGAPORE: China will
step up its policy of targeted cuts
to banks’ required reserve ratios
to encourage financing for small-
and medium-sized businesses
that play a key role in economic
growth.
Beijing has been urging banks
to continue lending to struggling
businesses, especially smaller
private concerns that account for
more than half of the country’s eco-
nomic growth and most of its jobs.
In a detailed policy document
published on the central govern-
ment’s website late yesterday, the
State Council said China would
also accelerate initial public of-
ferings (IPOs) for small and me-
dium enterprises (SMEs).
Financing channels for SMEs
will be further expanded to help
lower their funding costs via pref-
erential monetary policies and
easier access to capital markets,
the document said.
China would also
accelerate initial
public offerings for
small and medium
enterprises.
China will also focus on sup-
porting rediscounting of small bills
— worth five million yuan (RM3.04
million) or less — as a way of help-
ing small firms secure financing.
In addition, bank loans to
SMEs with credit lines of 10 mil-
lion yuan or less will be eligible
for use as collateral against the
central bank’s medium-term
lending facilities.
Accelerated approvals for IPOs
by smaller firms will help encour-
age direct financing and such
companies will be encouraged to
list on the main over-the-counter
equity board.
In debt financing, China will
promote high-yield bond mar-
ket and private debt placements,
and provide more tools, such as
to help mitigate credit risks, to
help SMEs raise capital and ease
liquidity pressures. — Reuters
MONDAY AP R I L 8 , 20 1 9 • T HE E D G E FINA NCIA L DA ILY 3
4 HOME BUSINESS
Scomi Group on track
to revive financial health?
After its amicable settlement with Prasarana, it will have to work hard to deliver jobs, get new contracts
BY C H E ST ER TAY
KUALA LUMPUR: The amicable
dispute settlement between Scomi
Group Bhd and Prasarana Malaysia
Bhd last Thursday seems to have lit
the light at the end of the tunnel for
the monorail train manufacturer
Scomi Group.
Scomi Group’s wholly-owned
subsidiary Scomi Transit Projects
Sdn Bhd (STP) entered into a deal for
Prasarana to acquire seven new sets of
four-car trains for the Rapid KL Mon-
orail route and STP to repair five sets
of four-car trains that have stopped
operating since January last year.
The settlement agreement also
means the withdrawal of the previ-
ous legal suits.
The settlement agreement, which
consists of two parts, namely re-
furbishment and new train orders,
is expected to ease Scomi Group’s
financial stress.
While the RM122 million orders
of seven new trains would take 30
months to materialise, the refurbish-
ment for five sets of trains, however,
would give Scomi Group an imme-
diate work order of RM181 million
over the next six months.
More importantly, the group will
receive an instant RM181 million
cash — a fresh lifeblood for the ailing
debt-laden Scomi Group.
“Prasarana Malaysia shall make
the payment totalling RM181 mil-
lion to enable STP to undertake re-
medial works necessary to put five
four-car monorail trains into reve-
nue service and to make payments
to STP’s lenders, employees and
HeveaBoard out to win back lost customers
BY WO N G EE L I N
KUALA LUMPUR: Particle board
and ready-to-assemble (RTA) fur-
niture maker HeveaBoard Bhd is all
out to win back customers it lost in
2017 when it was unable to fulfil
orders due to a shortage of workers.
Managing director Yoong Hau
Chun (pic) said the group has re-
solved the labour shortage and is
working on regaining the trust and
SHAHRIN YAHYA
creditors,” said Scomi Group in an
announcement to Bursa Malaysia
after the signing of the settlement
agreement last Thursday.
STP is a wholly-owned unit of
Scomi Engineering Bhd, which is
now a subsidiary of Scomi Group
after a merger through a share-swap
exercise that was completed in the
first quarter of last year.
The refurbishment orders of RM181
million are deemed substantial con-
sidering the group’s revenue from
transport solution services for the nine
months ended Dec 31, 2018 (9MFY19)
was merely RM28.51 million.
It is also worth noting that Scomi
Group was in a cash flow deficit of
RM25.97 million as at Dec 31, 2018.
Its deficit was even bigger at RM41.7
million a year ago.
The group’s cash pile has been
shrinking in the past three years. Its
cash balance declined to RM66.68
million as at end-2019 compared
with RM236.33 million as at March
31, 2015. This raises the question of
how long Scomi Group could con-
tinue as a going concern. In other
words, there is an urgent need to, at
least, restore its financial credibility
so that banks are more willing to re-
structure its existing debts.
Scomi Group’s balance sheet as
at Dec 31, 2018 shows that it had
borrowings of RM685.92 million, of
which RM566.09 million are current
liabilities, which are likely due for
settlement in less than six months.
In the filing with Bursa dated Feb
13, Scomi Group said it had on Feb
8 received a notice of demand dated
Jan 31 from Malayan Banking Bhd
confidence of its customers.
“The workforce is back to [its]
normal level. Although not up to
the level that we want with the new
factory (completed in 2017), we
are back to where we used to be,”
Yoong said in an interview with
The Edge Financial Daily.
“The very least I can say is that
there will no longer be any produc-
tion delays. Now, it’s time to show
them (customers) that we can be-
come a reliable partner,” he added.
Yoong said HeveaBoard has
been actively pursuing produc-
tivity and efficiency enhancement
activities to bring improvements to
its RTA operations.
The group, he said, expects to do
better this year after an extreme-
ly challenging 2018, with a dou-
ble-digit growth in its bottom line
supported by improved sales
from its RTA furniture division.
Yoong, however, cautioned
that it will take some time
before the group can see sig-
(Maybank) for the RM113.96 million
“due to failure by SRB (Scomi Rail
Bhd) to pay the default.”
Scomi Group said Maybank re-
serves the right to take steps to dis-
pose of the shares of a Scomi Group
subsidiary that was secured against
the bank facilities in the event the
amount demanded is not paid.
Nonetheless, its total borrowings
had declined by nearly one-third
from RM975.54 million a year ago.
The settlement agreement is ex-
pected to be a boost to the group’s
job flow under its transport solutions
division, said an executive who is
familiar with Scomi Group.
“The management has been
working to solve this (legal grid-
lock) with Prasarana for a long time.
And now the group has managed to
end the legal dispute and the legal
disputes had affected our image.
“Hopefully, the settlement agree-
ment could restore the group’s reputa-
tion and build a better track record to
secure more jobs in the future,” said the
executive who declined to be named.
Scomi Group’s share price rallied
after the news on the settlement
agreement. The stock climbed to a
14-month high of 14.5 sen last Friday,
before it closed at 11 sen valuing the
company at a market capitalisation
of RM105.63 million.
Despite the recent rebound in
share price, some quarters view that
Scomi Group remains undervalued
judging by the assets it owns.
Scomi Energy Services ended at
12 sen last Friday valuing the group
at RM281 million. Based on the clos-
ing price of 12 sen, Scomi Group’s
HeveaBoard Bhd’s revenue
and net profit
Revenue Net profit
(RM mil)
600
80.67
73.57
64.43
400
30.18
200
422.36
503.31
540.05
544.47
0 0
FY14 FY15 FY16 FY17 FY18
Financial year ending Dec 31
Source: Bursa Malaysia
nificant improvements.
For one, he said, the group’s new
factory, which is meant mainly for
veneer-based products, has yet to
start production due to low demand.
The good side to this, however, is
that HeveaBoard has obtained ap-
Scomi Group’s segmental net profit/loss
RM mil
100 69.15
50
0.38
0
-50
-100
-150
FY15
Note: * before tax
Source: Quarter and annual reports
Scomi Group’s historical loans
and borrowings
Total borrowings (RM mil)
1,000
800
600
400
FY13 975.54
FY14 971.11
200
0 0
Source: Quarter and annual reports
66% stake is worth RM185.46 mil-
lion, which is more than its market
capitalisation of RM105.63 million.
Furthermore, with an improved
cash flow and new job orders, Scomi
Group is expected to be able to pare
down its borrowings further.
proval to bring in 300 foreign workers
to work in this factory, and they are ex-
pected to arrive before the peak sales
season starts at the end of the year.
(RM mil)
Also, with the current depressed
100 particle board prices, Yoong said
the RTA furniture segment should
80
benefit from low raw material costs.
As for the particle board division,
60
449.12
Yoong is less optimistic given the
40 soft market sentiments caused by
the Sino-US trade war. He said the
16.66
20 global business environment is cur-
rently challenging due to additional
particle board capacities coming on
stream as well as uncertain macro-
economic conditions.
Nonetheless, Yoong said Hev-
eaBoard will focus on developing
higher value products, better cost
management and efficiencies with-
in the particle board division.
“It’s really difficult to predict
what will happen [in the particle
board segment]. So, our hope is
that we will continue to do what we
are good at — maintain or further
M ON DAY AP RI L 8, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
Oilfield services Transport solutions Marine services
40.35
6.41 -14.82 5.90 8.92
-1.72
-52.26 -48.28
-71.98
-87.48 -95.44
-109.41
-130.48
FY16 FY17 FY18 9MFY19*
Scomi Group’s historical cash
and cash equivalents
Cash flow (RM mil)
250
200
150
100
FY13 249.33
FY14 229.88
FY15 236.33
FY16 188.05
FY17 163.82
FY18 102.13
FY15 953.25
FY16 771.18
FY17 771.10
FY18 716.33
9MFY19 685.93
9MFY19 66.68
50
Source: Quarter and annual reports
The renewed optimism about
Scomi Group’s prospects is reflected
in the climb of its share price. Will the
rally be sustainable? Scomi Group’s
management and board will have to
work hard to deliver good jobs and
secure new contracts.
elevate the quality level,” he said.
The group produces higher grade
particle boards, which fetch a high-
er margin, enabling HeveaBoard to
differentiate itself from its peers.
The group’s main revenue stream
is particle board manufacturing, with
80% of the total production exported.
About half the exports go to China
with another 20% each to Japan and
South Korea, and the rest to countries
such as India and Sri Lanka.
As for the group’s RTA furniture
production, 90% of it is exported.
Japan buys 60% of the exports, fol-
lowed by Australia (15%), European
countries (10%), with the remaining
going to the US and other countries.
HeveaBoard saw its net profit
plunge 74.15% to RM16.66 million
for the financial year ended Dec 31,
2018 from RM64.43 million a year
earlier, dragged by lower earnings
across all segments. Revenue was
down 17.51% to RM449.12 million
from RM544.47 million.
CON T I N U ES ON PAGE 8
MONDAY AP R I L 8 , 20 1 9 • T HE E D G E FINA NCIA L DA ILY
HOME BUSINESS 5

Downward pressure RM316.9m allocation for

construction of rural roads in Sabah

on IPO valuations
Major shareholders may not get the ideal pricing for new listings
BY W O N G EE L I N
KUALA LUMPUR: Year 2019 is ex-
pected to be the year with a few
mega initial public offerings (IPOs),
at least three if not more, after a
long absence.
However, it appears that the pro-
moters are facing a challenging time
to value the companies at the level
they want.
It is learnt that the investing fra-
ternity is valuing the long-antic-
ipated IPOs — QSR Brands (M)
Holdings Bhd and Leong Hup In-
ternational Bhd — at price-earnings
ratio (PER) below 20 times, com-
pared with the ideal valuation of 25
times, or higher, that the promoters
intend to seek initially.
QSR, seeking listing the second
time, is owned by the Employees
Provident Food, CVC Capital Part-
ners and Johor Corp. The listing ex-
ercise is believed to provide an exit
for CVC Capital and for Johor Corp
to unlock some investment values.
Likewise, Malaysia’s biggest home
improvement retailer, Mr DIY, which
director Geoffrey Ng said both Le-
ong Hup and QSR were expecting
valuations of over 20 times PER,
which were too high, even when
compared with other poultry play-
ers at between 10 to 15 times.
The drop in the FBM KLCI,
which reflected the fall in the com-
ponent stocks valuation, does not
help matters too. The benchmark
index has fallen from a record high
of 1,895.18 points in April 19 last
year to 1,641.81 points last Friday.
Fortress Capital’s Ng noted that
the weaker index has affected con-
fidence in the market moving for-
ward, as well as liquidity.
“Liquidity has fallen from last
year. When liquidity is poorer, this
has resulted in investors being more
cautious,” said Ng.
Ng said if the companies could
compromise on lower valuations,
investors will jump on board to
subscribe for the IPOs as there is
still some upside potential despite
the poor market conditions.
And once these stocks are traded
in the secondary market, and more
Commenting on Mr DIY, Ang
noted that it might probably have
compared its valuation with com-
panies such as 7-Eleven Malaysia
Holdings Bhd and Mynews Hold-
ings Bhd — whose PERs are both
close to 30 times — as it is similar
to the retail chain businesses.
“[However], 7-Eleven and My-
news sells consumer daily food,
while Mr DIY sells household items.
So, I don’t think they are the same
type,” said Ang.
Meanwhile, Ng said IPO valua-
tions are also very much dependent
on the function of growth. He said if
a company’s earnings are growing at
30% to 40%, such a pace may be justi-
fied by a PER of 25 times. Otherwise,
it would be considered stretched.
Against the current cautious sen-
timent globally, it appears that it is
not easy for major shareholders to
push the envelope too much when
valuing their companies.
Bluntly put, Lotte Chemicals Titan
Holdings Bhd could be an example.
PENAMPANG: The rural devel-
opment ministry is committed to
further strengthening Sabah’s rural
transport network via the imple-
mentation of 81 rural road con-
struction projects involving an allo-
cation of RM316.9 million this year.
Minister Datuk Seri Rina Harun
said three of the projects have been
completed, 30 projects were under
construction, while the rest were in
various stages of implementation.
She said the three rural
roads completed were Jalan An-
sip-Dalit-Kahaba in Keningau
stretching 43km and a bridge
benefiting 5,000 residents from Rina: All rural infrastructure
11 villages; Jalan Nibang in Pitas development projects in Sabah will
stretching 18.5km and two bridg- be implemented and completed this
es (catering to 3,000 residents year. Photo by Bernama
from 12 villages); Jalan Rosok
Ginapas, Kota Belud stretching would also be implemented in-
3km (benefiting 1,000 residents). cluding upgrading and repairing of
“The roads in Keningau, Pitas mosques and suraus, multipurpose
and Kota Belud make it easier for halls, bridges and drainage systems
rural residents to commute to con- in the rural areas of Sabah involving
duct their daily activities, which an allocation of RM6.47 million.
was previously inaccessible with All rural infrastructure devel-
unpaved roads,” she said. opment projects in Sabah will be
She was speaking to reporters implemented and completed this
after the handing over ceremony year to benefit the residents in the
of the finished slope repair work area thus ensuring their comfort
project and related works at the and well-being, she said.
Kampung Limbanak Kemas Kin- On the slope repair work pro-
dergarten here, yesterday. ject, she said it was completed in
Meanwhile, Rina said as many November to prevent the occur-
as 44 social amenity programmes rence of landslides. — Bernama

is anticipated to raise some RM1.5
billion, is said to be in the same sce-
nario. Sources said that Mr DIY is
looking for a PER of 25 times.
Fund managers also believe that
its substantial shareholder, Creador
Sdn Bhd, is looking for an exit from
its investment.
Notably, poultry producer Le-
ong Hup and fast-food chain op-
erator QSR Brands are said to have
postponed their listings from last
year in hopes for better valuations,
besides having some issues to be
ironed out along the IPO process.
Fund managers contacted by The
Edge Financial Daily revealed that
there seems to be a mismatch be-
tween the controlling shareholders
and the market in terms of valuation.
The declined risk appetite is no
thanks to the less-than-rosy econom-
ic outlook, both domestic and global.
Investors are not willing to pay
premium valuation as they want
some “buffer” in case the worst-
case scenario pan out.
Phillip Capital Management Sdn
Bhd chief investment officer Ang Kok
Heng highlighted that if companies
are asking for a high valuation, fund
managers and investment banks
may be reluctant to take up the IPOs.
“They can’t be asking for too high
valuation ... the underwriters will al-
ways want the valuation to be lower
as they are taking risks (of taking up
unsubscribed shares),” said Ang.
“If you put it too high, the in-
vestment banks won’t want the job
(underwriting the IPO) and second-
ly many fund managers would not
be keen on the offer too. This risks
the IPO failing,” Ang said.
He noted that valuation should
not be put so high to instill confi-
dence.
Fortress Capital Management
*
investors continue to see value in
the said counters, this would then
prove they are successful IPOs de-
spite the tepid market conditions.
If the companies could
compromise on lower
valuation, investors
will jump on board
to subscribe for the
IPOs as there is still
some upside potential
despite the poor
market conditions.
Being a fund manager, Ng views
that IPO promoters and investors
are often on opposing sides in terms
of a new listing’s valuation. To him,
it may not be wise to demand too
high a premium when valuing an
IPO, particularly if the market sen-
timent is not that bullish.
It is wise to leave some upside
potential on the table for investors.
Otherwise, companies’ share pric-
es are unlikely to climb much after
the listing.
This will then result in the stock
staying either flat or falling below
its IPO price, said Ng, adding that
if the second scenario happens, it Pavilion
will trigger more selling pressure REIT to
as investors who are weak holders
will start selling their IPO shares. relook
There are market talks that the Bukit Jalil
listing of Mr DIY, in which the private mall
equity fund holds an 18% stake, has
been pushed back by the promoter ownership
due to high valuation expectations. Page 8
6 HOME BUSINESS M ON DAY AP RI L 8, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

Five hurdles Bursa Malaysia

has to overcome this year
FBM KLCI has limited room for upside, especially with lack of strong growth catalysts — market observers
BY JU S T I N L I M & SA MANTHA HO Gainers and losers of 1Q19
KUALA LUMPUR: As corporate Over RM10 billion market capitalisation
earnings failed to meet expecta-
TOTAL TOTAL
tions in the first quarter of 2019 TOP GAINERS MARKET CAP LAST P/E RETURN TOP LOSERS MARKET CAP LAST P/E RETURN
(1Q19), the FBM KLCI contin- (RM BIL) PRICE YTD (RM BIL) PRICE YTD
ued underperforming other Asian 1 Telekom Malaysia Bhd 11.76 3.13 75.61 18.40 1 Hartalega Holdings Bhd 16.02 4.79 32.85 -21.64
markets. It fell to a two-year low 2 Genting Bhd 26.18 6.80 19.06 12.59 2 Top Glove Corp Bhd 11.89 4.65 26.89 -16.10
of 1,628.66 points last Monday
3 Malaysia Airports Holdings Bhd 11.76 7.09 18.40 -15.39
and barely recovered to 1,641.81 3 Genting Malaysia Bhd 18.37 3.25 - 10.17
points at last Friday’s close. 4 YTL Corp Bhd 11.73 1.11 44.58 9.90 4 CIMB Group Holdings Bhd 48.78 5.10 8.56 -8.59
Most market observers con- 5 RHB Bank Bhd 23.06 5.75 9.98 8.70 5 Sime Darby Bhd 14.96 2.20 17.74 -8.33
tacted by The Edge Financial Dai- 6 Axiata Group Bhd 37.92 4.18 - 6.36 6 Petronas Gas Bhd 34.67 17.52 19.15 -7.62
ly opined that there is limited 7 Sime Darby Plantation Bhd 34.77 5.05 66.88 6.09 7 Public Bank Bhd 89.21 22.98 15.86 -5.79
room for upside in the bench- 8 Fraser & Neave Holdings Bhd 12.90 35.18 33.75 5.95 8 Tenaga Nasional Bhd 71.88 12.64 19.21 -5.36
mark index, especially consid- 9 Maxis Bhd 43.77 5.60 24.08 5.65 9 Press Metal Aluminium Holdings Bhd 18.33 4.56 28.12 -5.28
ering the lack of strong growth
10 PPB Group Bhd 26.35 18.52 25.69 5.35 10 Petronas Dagangan Bhd 24.84 25.00 29.24 -4.75
catalysts.
Here are five hurdles that may
continue to weigh on the KLCI: RM1 billion to RM10 billion market capitalisation
1. Sluggish domestic TOTAL TOTAL
corporate earnings growth TOP GAINERS MARKET CAP LAST P/E RETURN TOP LOSERS MARKET CAP LAST P/E RETURN
(RM BIL) PRICE YTD (RM BIL) PRICE YTD
Malacca Securities Sdn Bhd sen-
ior analyst Kenneth Leong said 1 Dayang Enterprise Holdings Bhd 1.31 1.36 8.06 151.85 1 MSM Malaysia Holdings Bhd 1.20 1.71 33.53 -34.23
the main reason the benchmark 2 Velesto Energy Bhd 2.51 0.31 - 69.44 2 Unisem (M) Bhd 1.92 2.64 19.79 -19.51
index’s performance has been 3 FGV Holdings Bhd 4.34 1.19 - 66.43 3 Eastern & Oriental Bhd 1.30 0.91 20.54 -18.75
lacklustre and lagging behind 4 Frontken Corp Bhd 1.15 1.10 22.89 57.32 4 Kossan Rubber Industries Bhd 4.59 3.59 22.53 -16.63
those of neighbouring coun- 5 My EG Services Bhd 5.33 1.53 69.55 56.92 5 Boustead Holdings Bhd 2.47 1.22 - -13.48
tries is its unattractive valuations 6 VS Industry Bhd 1.97 1.09 13.64 51.94 6 Lotte Chemical Titan Holding Bhd 9.25 4.07 11.77 -11.90
amid sluggish corporate earnings
7 Sunway Construction Group Bhd 2.53 1.96 17.50 50.25 7 Ta Ann Holdings Bhd 1.05 2.38 14.03 -11.85
growth.
“The key index is trading at a 8 Malaysian Resources Corp Bhd 4.05 0.92 53.49 49.59 8 Supermax Corp Bhd 2.01 1.53 16.69 -11.17
prospective price-earnings ratio 9 Malaysia Marine and Heavy 9 IOI Properties Group Bhd 7.54 1.37 9.66 -11.04
(PER) of 16.3 times and 15.3 times Engineering Holdings Bhd 1.30 0.81 - 49.54 10 Ajinomoto Malaysia Bhd 1.09 17.98 18.39 -7.32
for 2019 and 2020 respectively — 10 Lafarge Malaysia Bhd 2.27 2.67 - 47.51
slightly below the five-year aver-
age of 17.4 times, implying limited RM500 million to RM1 billion market capitalisation
upside,” Leong added.
On the other hand, regional TOTAL TOTAL
peers, most of which saw their TOP GAINERS MARKET CAP LAST P/E RETURN TOP LOSERS MARKET CAP LAST P/E RETURN
(RM MIL) PRICE YTD (RM MIL) PRICE YTD
indexes take a beating last year,
have PERs that are trading at a 1 Naim Holdings Bhd 585.87 1.17 4.29 162.92 1 MCT Bhd 743.07 0.51 6.26 -31.54
more appealing level. (see table) 2 Iskandar Waterfront City Bhd 623.11 0.75 - 77.38 2 Pharmaniaga Bhd 549.67 2.11 12.72 -23.47
For instance, as at end last 3 Malayan Flour Mills Bhd 821.89 0.84 26.26 77.29 3 BLD Plantation Bhd 628.32 6.72 -10.88
year, the Shanghai Composite 4 Bahvest Resources Bhd 850.15 0.69 34.14 73.75 4 Kawan Food Bhd 603.99 1.68 25.81 -10.79
traded at a PER of 11.8 times 5 Gabungan AQRS Bhd 680.86 1.39 10.29 65.82 5 YNH Property Bhd 618.33 1.17 38.84 -10.00
compared with its historical
6 Media Prima Bhd 582.33 0.52 9.85 52.17 6 MyNews Holdings Bhd 941.37 1.38 32.93 -8.00
five-year average of 15.8 times.
Likewise, the Hang Seng Index’s 7 Coastal Contracts Bhd 627.86 1.19 - 50.63 7 Elsoft Research Bhd 671.63 1.01 20.72 -6.18
PER was 10.2 times versus its 8 JHM Consolidation Bhd 708.15 1.27 16.91 50.07 8 Power Root Bhd 510.05 1.29 39.70 -5.34
historical five-year average of 9 Can-One Bhd 570.69 2.97 12.25 50.00 9 NTPM Holdings Bhd 539.06 0.48 37.16 -4.95
12 times, Leong noted. 10 George Kent (Malaysia) Bhd 646.34 1.20 7.70 46.23 10 PMB Technology Bhd 532.38 3.40 56.75 -4.48
“Should earnings growth con-
tinue to disappoint, the key in-
Under RM500 million market capitalisation
dex is likely to head south with
the immediate support located TOTAL TOTAL
towards the 1,630 level. Should TOP GAINERS MARKET CAP LAST P/E RETURN TOP LOSERS MARKET CAP LAST P/E RETURN
that level fail to hold, the next (RM MIL) PRICE YTD (RM MIL) PRICE YTD
key support is pegged at the 1 Zelan Bhd 76.04 0.09 - 260.00 1 Stone Master Corp Bhd 2.70 0.03 - -81.25
1,600 level. Unless there are any 2 Scomi Energy Services Bhd 304.41 0.13 - 225.00 2 Dynaciate Group Bhd 40.06 0.09 - -60.87
earnings surprises, any gains are 3 SC Estate Builder Bhd 26.49 0.03 21.88 200.00 3 Brahim’s Holdings Bhd 31.90 0.14 - -51.79
capped towards the 1,700-1,730 4 Petra Energy Bhd 362.66 1.13 - 179.01 4 Pan Malaysia Holdings Bhd 46.44 0.05 - -44.44
levels,” said Leong.
Meanwhile, RHB Research 5 PCCS Group Bhd 100.82 0.48 7.95 152.63 5 Comintel Corp Bhd 8.40 0.06 - -40.00
head of research Alexander Chia 6 Konsortium Transnasional Bhd 52.36 0.13 - 136.36 6 Avillion Bhd 128.78 0.15 - -37.50
agreed that the forward PER of 7 Damansara Realty Bhd 165.55 0.52 8.01 131.11 7 HLT Global Bhd 66.56 0.13 - -36.59
16.9 times for the KLCI is already 8 Gets Global Bhd 42.21 0.34 - 131.03 8 Amtek Holdings Bhd 8.75 0.17 0.06 -35.19
high compared with its regional 9 Komarkcorp Bhd 48.37 0.28 - 128.00 9 Multi Sports Holdings Ltd 6.07 0.01 - -33.33
peers. 10 KNM Group Bhd 387.11 0.17 - 120.00 10 Seni Jaya Corporation Bhd 23.51 0.58 - -32.56
Together with tepid earnings
growth prospect this year —
RHB estimates a growth of 0.7% to lack strong growth catalysts. 2. Unfavourable domestic pacted the KLCI, as seen in the sell- decline is attributed to the fall in
versus the consensus forecast As such, he foresees the trading economic factors down among heavyweight banking prices of Public Bank Bhd, CIMB
of 3% to 5% — Chia expects the band could drop to between 1,600 A potential interest rate cut by Bank stocks. Group Holdings Bhd and Malayan
trading market going forward and 1,750, from 1,650-1,850. Negara Malaysia has already im- “More than 50% of the FBM KLCI Banking Bhd (Maybank), over con-
MONDAY AP R I L 8 , 20 1 9 • T HE ED G E FINA NCIA L DA ILY
HOME BUSINESS 7

cerns of the effects [of a rate cut] on

their future incomes,” highlighted Comparison of selected Bursa Malaysia-linked indices (year-to-date)
Selected
Mohd Redza Abdul Rahman, head sectors, regional
of MIDF Research.
While most analysts have said
FBM KLCI index Small cap index Energy index Construction index
markets
40
that the rate cut would not severely
impact banks’ earnings, credit rating 35 outperform
firm Moody’s Investors Services said
such a move would “definitely lead
30
25
FBM KLCI
20
to margin pressure” on local banks. 15
However, other sectors could 10
BY S A MA N T H A H O
benefit from the increase in liquidity 5
and economic boost from the cut in 0 KUALA LUMPUR: Although
the overnight policy rate. The key -5 the poor performances of
rate, which was raised by 25 basis -10 Bursa Malaysia’s largest
points in January 2018 to 3.25%, stocks have been a drag on
Dec 10

Dec 17

Dec 24

Dec 31

Jan 7

Jan 14

Jan 21

Jan 28

Feb 4

Feb 11

Feb 18

Feb 25

March 4

March 11

March 18

March 25

Apr 1

was last reduced in July 2016, also
by 25 basis points.
Separately, an appreciation in
the ringgit has hurt exporters, in-
cluding KLCI component stocks
Top Glove Corp Bhd and Hartalega
Holdings Bhd.
These stocks have also been bat-
tered over issues with foreign work-
ers and a looming oversupply of
rubber gloves due to a mismatch
between capacity expansion and
demand growth, highlighted Ma-
lacca Securities’ Leong.
3. Lack of clarity on
government policies
The government’s best efforts not-
withstanding, investors still seem
Apr 5
the benchmark index, there
have been pockets of rallies
2018 2019 on the stock exchange.
This occurred most no-
tably among energy stocks
due to the rise in Brent crude
Regional stock exchange indices (year-to-date) oil prices, which neared a
45
year-to-date high of US$70
40 (RM286.30) per barrel last
35 week.
30 The construction index has
25 also risen despite a lack of
20 fresh catalysts, which suggests
15 that investors may have al-
10 ready positioned themselves
5 to gain from any expected
0 roll-out of mega infrastruc-
-5 ture projects. This begs the
question whether or not there
Jan 2, 2019

Jan 9

Jan 16

Jan 23

Jan 30

Feb 6

Feb 13

Feb 20

Feb 27

March 6

March 13

March 20

March 27

to be regarding their commitment
to clarity and transparency as just
a lot of rhetoric.
“Domestically, investors are still
looking for clarity on growth poli-
cies. [Setting a] 4.9% gross domes-
tic product growth target is okay...
but they are looking for policies
to help corporate Malaysia,” said
RHB’s Chia.
“For example, the Council of
Eminent Persons report is not be-
ing made public. As for the National
Economic Action Council — we ha-
ven’t heard of any specific recom-
mendations from them,” he added.
The construction sector is one
of the key areas where investors
are hoping for more positive news
flow to boost the nation’s economy,
said Rakuten Trade research head
Kenny Yee.
“Though the construction sec-
tor has done well so far, we expect
there are more to come with an
abundance of projects coming on
stream to a tune of RM300 billion,”
he said.
Succession planning, interest-
ingly, remains another large con-
cern for investors, despite Prime
Minister Tun Dr Mahathir Moham-
ad repeatedly saying that Datuk Seri
Anwar Ibrahim will be his succes-
sor, if that is the people’s choice.
Chia said India and Indonesia’s
markets took some 18 months to
bounce back after their 2014 elec-
tions, while Malaysia, he noted,
faces the added uncertainty over
its future leadership.
4. External headwinds
Uncertainties surrounding the
US-China trade deal and the UK’s
decision to exit the European Un-
ion (EU) have continued to drag on
market sentiment.
While there has been some op-
timism that the world’s two larg-
est economies can reach a deal to
end their destabilising dispute,
progress of the ongoing trade talks
has been slow.
After the March 1 deadline for
reaching a deal with China expired,
April 3
April 5
are still legs for a rally in the
sector.
FBMKLCI Index Straits Times Index
Jakarta Composite Index Philippines Stock Exchange Index
Shanghai Shenzhen Composite Index Stock Exchange of Thailand Index The weakness in
Hang Seng Index the FBM KLCI was
Source: Bloomberg data
due to foreign
selling amid weak
corporate earnings
both countries are now aiming to Malaysia Derivatives Exchange was the way to the phasing out of the growth.
reach a trade deal in the next four up 1.3% at RM2,204 a tonne last use of palm oil in biofuels. The mis-
weeks, while US President Donald Thursday, the benchmark palm oil sion was agreed at end-February at
Trump has warned it would be price averaged RM2,124 a tonne in the Council of Palm Oil Producing
difficult to allow trade to continue March, the lowest in three months. Countries meeting in Jakarta.
without an agreement. MIDF’s Mohd Redza said palm “Malaysia urges the European Another bright spot on the
“There has been some pro- oil inventory remains high at above Union to provide equitable treat- local bourse has been small-
gress, but nothing concrete has three million tonnes amid con- ment across all oil crops biofuels cap stocks.
been signed, except maybe Chi- cerns over EU’s decision to phase and bioliquids in line with the However, regional peers
na has been buying US soy in the out the use of palm oil in biofuels, World Trade Organization non-dis- have been outshining Ma-
past month. This has put pressure which has been pressuring plan- criminative principles. Malaysia laysia’s KLCI for the past
on global economic growth,” said tation stocks. will continue to overcome disrup- year, and even more so year
MIDF’s Mohd Redza. Malaysian palm oil stockpile hit tive and discriminatory practices to date. After China released
On the Brexit issue, he said signs
its highest in nearly two decades in on suppressing palm oil trade,” the favourable economic data in
are pointing to a further delay and December at 3.22 million tonnes. statement read. recent weeks, investors have
this development has affected mar- In February, it eased to 3.05 million Prior to last Friday’s announce- sent shares in Chinese stocks
ket sentiment, especially with the tonnes, but it was 1.3% higher than ment, both Malaysia and Indo- soaring.
EU not doing so well economical- the previous month. nesia, two major global palm oil Stocks in Indonesia and
ly, which has further pressured its Last Friday, the ministry of pri- suppliers that collectively supply Hong Kong have also per-
ability to raise interest rates. mary industries said in a statement about 85% of global palm oil, had formed strongly relative to
that Malaysian and Indonesian of- warned they were ready to retali- the rest of the region, but the
5. Pressure on palm oil ficials will visit Brussels today and ate against what they termed the KLCI has lagged behind.
While the benchmark palm oil con- tomorrow to voice their objection EU’s act of discrimination against According to Alexander
tract for June delivery on the Bursa to the EU’s delegated act that paves the edible oil. Chia, head of research at RHB
Research, the weakness in
Regional forward the KLCI was due to foreign
price-earnings ratios selling amid weak corporate
Currency movement (% against USD) earnings growth.
(based on Bloomberg estimates)
Chia said the ringgit’s ral-
(%) AVERAGE 1-YEAR ly against the greenback this
Chinese Renminbi 2.140 FORWARD year has outperformed most
Indonesian Rupiah 2.068 PRICE-EARNINGS
RATIO
regional currencies. This
Thai Baht 1.821 means an investor with US
1.784 FBM KLCI 16.62
Malaysian Ringgit dollars may choose to go an-
Indian Rupee 1.723 Straits Times Index 12.95 ywhere else in Asean that is
Singapore Dollar 1.028 Jakarta Composite Index 15.63 cheaper in comparison, and
Philippine Peso 0.344 Stock Exchange 15.32 provide stronger earnings
Vietnamese Dong 0.034 of Thailand Index growth prospects.
-0.026 Taiwanese Dollar
Philippines Stock 17.06 Besides a stronger ringgit,
-0.178 Hong Kong Dollar
Exchange Index
Malaysia’s corporate earnings
-0.946 Japanese Yen in the first quarter of the year
Hang Seng Index 11.17
-0.982 South Korean Won failed to impress, with no no-
-1.0 -0.5 0.0 0.5 1.0 1.5 2.0 2.5 Shanghai Shenzhen 11.52 table catalysts in the horizon.
Composite Index Hence there seems to be no
Source: Bloomberg data strong case yet for investors
to return soon.
8 HOME BUSINESS
Pavilion REIT to relook
Bukit Jalil mall ownership
Asset is worth reconsideration upon completion — manager
BY TAN XU E Y I N G
KUALA LUMPUR: Pavilion Real
Estate Investment Trust (REIT)
has opted not to participate in
the ownership of the under-con-
struction Pavilion Bukit Jalil mall
to avoid unwanted risks, but be-
lieves the asset will be worth re-
considering upon its completion,
said its manager.
Pavilion REIT Management Sdn
Bhd chief executive officer Philip
Ho hopes to receive an invitation
from the owners again, post-con-
struction.
“It is a very nice mall. But the
board has decided to wait until
the mall is completed, so that we
do not take unnecessary develop-
ment and construction risks,” Ho
told The Edge Financial Daily in a
recent interview.
“After they have finished the
project, there will be a number
in terms of average rental and in
valuation. Hopefully then, they
will invite us to look into it [again].
“If they do offer us [ownership],
and if it is accretive, we will defi-
nitely review it. The mall will be
completed between September
2020 and 2021, and we are quite
confident that it will do well.”
The REIT considers assets with
yields between 6.5% and 7% to be
accretive.
Pavilion REIT and Malton —
the developer of the 1.8 million
sq ft mall — are linked to proper-
ty tycoon Tan Sri Desmond Lim
Siew Choon, who is a substantial
shareholder and chairman of both
entities.
On Aug 13 last year, the trustee
of Pavilion REIT accepted an invi-
tation for Malton and the REIT to
enter into a non-disclosure agree-
ment to commence due diligence
CIMB Group aims over RM12b in financing to B40
KUALA LUMPUR: CIMB Bank Bhd
and CIMB Islamic Bank Bhd are
targeting to disburse at least RM12
billion to the 40% of households
with the lowest income, or the
B40 group, under facilities such as
home, auto, Amanah Saham Bu-
miputera and personal financing
for the period of 2019-2020.
“In line with CIMB’s next mid-
term growth plan, Forward23,
CIMB has sharpened its focus on
financial inclusivity to fulfil the
group’s vision of advancing cus-
tomers and society. A nation’s
prosperity is only meaningful
when every single one of its peo-
ple is enabled to prosper.
“Being particularly mindful of
the B40 segment, CIMB has tak-
en extra steps to ensure that our
and other discussions with a view
for the REIT to participate in the
ownership of the ongoing devel-
opment.
However, five months later,
Pavilion REIT announced that it
would not buy a stake in the mall,
but did not provide any reasons.
It is possible that the proposed
stake — or a smaller or larger
shareholding — could be sold to
the Qatar Investment Authority,
which informed Malton in a Jan
3 letter that it had its investment
committee’s approval in principle
to work towards participating in
the ownership of the mall, subject
to due diligence and execution of
legal definitive agreements.
The mall — part of the wider
Bukit Jalil City project with a gross
development value of RM4 billion
— is being undertaken by Malton’s
wholly-owned subsidiary Pioneer
Haven Sdn Bhd. With a net let-
table area larger than the REIT’s
crown jewel, Pavilion Kuala Lum-
pur (Pavilion KL), the mall has five
retail levels and two of basement
parking.
Pavilion REIT is presently enjoy-
ing continuous growth at Pavilion
KL and at its recently-acquired
asset, Elite Pavilion, a 10-storey
retail component adjacent to the
mall. The RM580 million acquisi-
tion was completed in April 2018.
The two assets contributed a
combined net property income
(NPI) of RM340.82 million, about
93% of the REIT’s total NPI of
RM374.79 million for the financial
year ended Dec 31, 2018 (FY18).
The performance was a 16% im-
provement on FY17’s total NPI,
and was achieved on the back of
a 13% increase in gross revenue
to RM554.98 million, mainly con-
tributed by income from the new
lending policies are financially in-
clusive. To that end, through CIMB
Bank and CIMB Islamic, we have
targeted to disburse RM12 billion
to the B40 segment as home, auto,
ASB or personal financing for the
period of 2019-2020, and we will
not stop there. We will contin-
ue to find ways to assist the B40
segment, whether [be it] through
our business operations or corpo-
rate responsibility initiatives,” said
CIMB Group group chief executive
officer Tengku Datuk Seri Zafrul
Aziz in a statement yesterday.
An example of this commitment
to assist the B40 segment is via
CIMB Bank and CIMB Islamic’s
“lowest-in-market financing rate of
2.9% per annum”, under Bank Ne-
gara Malaysia’s Fund for Affordable
Ho: We hope that (for) our next
acquisition, we will be able to raise
capital rather than going for term loans.
Photo by Shahrin Yahya
property, higher rental income
from Pavilion KL after the reposi-
tioning exercise and a higher occu-
pancy rate at the Intermark Mall.
Ho said it is imperative to get
the formula right. “Retail is inter-
esting once you get the right for-
mula — like for Pavilion KL, Elite,
Intermark and Tower — things
will take off.
“We got the formula right for
Intermark within a year. As for
Da Men Mall, while it is only 5.7%
of our portfolio, we do want it to
succeed. So we are concentrating
on Da Men this year and hope the
turnaround will come.”
The REIT has spent the past year
fixing road traffic issues around Da
Men Mall — improving visitation
numbers by about 8% — and will
now work on the mall’s tenant mix
to lengthen visitation hours and to
boost spending.
Elite Pavilion, which boasts a
97% occupancy rate, could im-
Homes, a RM1 billion-fund to help
the B40 segment buy their first res-
idential property, the group said.
“As a responsible corporate
citizen, many of CIMB’s CSR
(corporate social responsibility)
initiatives are also targeted at em-
powering the B40 to help them
improve economically. A case in
point is the Taylor’s-CIMB Islamic
entrepreneurial programme which
has trained, mentored and provid-
ed grants totalling RM500,000 to
over 100 small business owners
from Kuala Lumpur’s Projek Peru-
mahan Rakyat. For 2019, a further
RM2 million has been allocated for
the programme to empower more
small business owners from the
B40 segment,” it added.
Another example given was
M ON DAY AP RI L 8, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
prove further with the opening of
a new hotpot restaurant this year
and a seasonal pop-up to be an-
nounced later this month.
Being “quite happy” with the
REIT’s performance last year, Ho
is optimistic that earnings will
expand this year, albeit by a sin-
gle-digit percentage, while turno-
ver could see double-digit growth.
“Given the current situation
with the US-China trade issues,
and talks that interest rates are
flattening off in the US, all these
have introduced stability issues
around the world, which can af-
fect Malaysia.”
He said the situation is likely to
be clearer in the second half of the
year, but observed that consumer
confidence is still looking positive.
Pavilion REIT’s unit price has
gained 36.5% over the past year. At
its close of RM1.80 last Friday, the
REIT was valued at RM5.47 billion.
Given its distribution per unit of
8.78 sen, the REIT provides a gross
dividend yield of 4.9%.
“We have been trading [mostly]
above the 5% yield. It is a good time
for us to raise money. The next ex-
ercise will be quite interesting, but
it would be quite some time away.
“We hope that [for] our next
acquisition, especially with things
like [Pavilion] Bukit Jalil, we will
be able to raise capital rather than
going for term loans,” said Ho, add-
ing that the REIT welcomes other
acquisition opportunities, includ-
ing third-party assets.
Listed in 2011, Pavilion REIT
owns a RM5.9 billion portfolio of
investment properties based on
appraised value, comprising of
four retail malls — Pavilion KL,
Elite Pavilion, the Intermark Mall
and Da Men Mall — and an office
tower known as Pavilion Tower.
CIMB Foundation’s comprehen-
sive, tertiary-level financial liter-
acy programme called Be$MART,
which prioritises students from
B40 families. “Since its inception in
2016, CIMB Group has expended
RM4 million on the Be$MART pro-
gramme, benefiting over 10,000
students nationwide by making
them more financially literate,” the
statement further read.
CIMB Group has committed 1%
of its profit before tax in the 2018-
2020 period to fund its corporate
responsibility initiatives in Asean.
CIMB Group is listed on Bursa
Malaysia via CIMB Group Holdings
Bhd. The group’s shares closed one
sen higher at RM5.11 last Friday,
giving it a market capitalisation of
RM48.87 billion.
HeveaBoard has
set aside some
RM3m as capex
to be used to
boost automation
FROM PAGE 4
Moving forward, HeveaBoard
has set aside some RM3 million
as capital expenditure (capex)
to be used to boost automation.
Yoong said the group’s exten-
sive investment in automation in
2014 and 2015 is bearing fruit as
revenue has been growing due to
the higher efficiency despite the
tapering workforce.
“This means that the automa-
tion has been a help. Thus, we
will continue to invest in auto-
mation,” he said.
As for the group’s recent diver-
sification into fungi cultivation,
Yoong said the business has yet
to contribute positively due to
some start-up challenges.
Still, the group expects the
fungi business segment to
break even this year, after a
pre-tax loss of RM1.98 million a
year ago, on revenue of RM417
million.
HeveaBoard’s share price
closed half a sen or 0.79% high-
er at 64 sen last Friday, bringing
the group’s market capitalisation
to RM358.81 million. While the
price has not changed much over
the past year, it has fallen by more
than half since hitting RM1.58 on
Oct 23, 2017.
According to Bloomberg, there
are two research houses covering
HeveaBoard, one with a “buy”
call and the other with a “hold”
recommendation. The target
price set is 68 sen and 65 sen
respectively.
JF Apex Securities Bhd re-
search head Lee Chung Cheng
forecasts HeveaBoard’s net profit
to be RM18.1 million and RM28.2
million for FY19 and FY20, on
revenue of RM471.2 million and
RM523.6 million respectively.
“Going forward, the manage-
ment guided that its RTA division
shall perform better this year with
the resolution of its foreign labour
issue and anticipated greater de-
mand from Japan driven by the
2020 Olympics,” said Lee in a note
dated March 22.
Hong Leong Investment
Bank Bhd analyst Rachael Hong
Hui Chee expects HeveaBoard
to report a net profit of RM14.3
million and RM17.6 million for
FY19 and FY20, on revenue of
RM516.2 million and RM533.7
million respectively.
In a research report dated
March 1, she cut HeveaBoard’s
FY19 to FY20 earnings forecasts
by 25% and 22% respectively,
mainly to account for lower sales
and selling price in the particle
board segment.
Nonetheless, she is positive
that the RTA segment’s margin
will continue to improve as cost
per unit will be lowered, and thus
will be able to cushion the weak
particle board segment
“As the group cleared off its
backlogged orders and contract
workers, we started to witness
margin recovery in the RTA seg-
ment,” said Hong.
MONDAY AP R I L 8 , 20 1 9 • T HE E D G E FINA NCIA L DA ILY
Sun Life Malaysia sees
‘blue ocean’ in takaful
It is honing its execution this year with the aim of returning to double-digit growth
BY TA N XUE Y I N G
KUALA LUMPUR: Having suffered
a bleak 2018 when its premium
growth rate fell to a low of 9% on
dampened consumer sentiment,
Sun Life Malaysia is honing its ex-
ecution this year with the aim of
returning to its norm of double-dig-
it growth.
It is particularly keen to expand
its takaful business — seen as a
“blue ocean” — besides further
growing its conventional life in-
surance business. Both segments
contribute equally to earnings at
present, said its country head Ray-
mond Lew.
Having enjoyed a compound
annual growth rate of 18% over the
past six years, Sun Life Malaysia
saw its premium growth rate cut by
more than half to 9% last year, from
22% in 2017. The drastic decline was
attributed to dampened consumer
sentiment after the 14th general
election (GE14) in May 2018.
The impact was evident in the
higher rate of lapsation of poli-
cies because of insufficient funds
— particularly among the bottom
40% group — as well as a decline
in its bancassurance business ow-
ing to fewer mortgage or loan ap-
plications.
SMEs should look beyond financing — HLB
BY TA N XUE Y I N G
KUALA LUMPUR: Small and me-
dium enterprises (SMEs) can step
up and scale up by seeking other
assistance from banks besides fi-
nancing, said a senior bank official,
noting however that most SMEs
do not appear to be aware of the
assistance available.
“For SMEs to expand, it is not
only funding that is important,”
said Terrence Teoh, the head of
group SME banking at Hong Le-
ong Bank Bhd (HLB). “Of course
funding matters, but on top of that,
how you collect your money and
manage cash is equally important.
“Most SMEs do not have as much
resources as the [larger] corporate
and commercial entities. They also
do not know what they do not have,
especially when they first start out,”
Teoh told The Edge Financial Daily
in an interview last Friday.
Teoh said SMEs have not been
able to use products and strategies
to their advantage as banks have
designed the platforms and systems
for large businesses in mind.
He added that this is because
most SMEs need not deal with com-
plicated processes such as imports
and exports, compared to their larg-
er counterparts.
“Last year was a particularly
challenging year. But we are see-
ing momentum returning since
March. If we keep a sharp focus
on our execution this year, we will
be able to overcome some of the
challenges [faced previously].
“We are looking at a 23% growth
in premiums, and to revive our
momentum [to that of ] before the
GE14,” Lew told The Edge Financial
Daily in an interview, adding that
the company is aming for further
organic and inorganic growth.
According to Lew, the company
is focusing on the execution of its
products this year, after spending
the past few years on innovation.
Last year, Sun Life Malaysia’s
takaful unit launched Takaful Mulia
through its partner CIMB Islamic
Bank, following the success of its first
universal life haj takaful product,
Takaful Suria, introduced in 2015.
To date, these first-in-market
products boast some 40,000 clients.
Combined with its conventional
life insurance business, Sun Life
Malaysia has captured 4.2% of the
domestic market share, more than
double its 1.7% stake in 2013, when
it was first incepted.
Its total client base stands at 1.8
million, with a projected 10% to
15% growth to come based on the
“We have tried to drive certain
strategies and introduced products
that we think SMEs want, thousands
of feet above ground. But none in
the boardroom are SME owners,”
he said, pointing out that they are
mostly professional employees of
large corporates and banks.
“We have since changed that,”
said Teoh, who has more than 15
years of experience in SME banking.
Quickly recognising that SMEs’
needs are less sophisticated, HLB
has come out with the relevant digi-
tal business solutions. They include
a simplified cash management dig-
ital platform, HL ConnectFirst Lite,
as well as digital systems for hu-
man resources (Kakitangan) and
accounting (Biztory).
HLB’s tie-up with financial tech-
nology companies also allows SMEs
to be equipped with merchant ter-
minals at lower cost to help SMEs
keep up with the increasing trend
of cashless transactions.
Teoh said embracing digitisation
by utilising tools could help SMEs
reduce labour costs and increase
efficiency. But besides day-to-day
operations, he advised SMEs to take
a longer-term view, especially in
future-proofing their businesses.
“A lot of SMEs do not realise that
they have increasing liabilities and
Lew: We are looking at a 23% growth in
premiums. Photo by Sam Fong
number of clients its industry part-
ners have, said Lew in reference to
its partnerships with industry play-
ers such as CIMB, Kuwait Finance
House, Bank Rakyat and Al Rajhi
Bank, among others.
“What we need to do now is to
find the best and most cost-effec-
tive way to reach out to [potential]
clients and engage with them.
“The takaful segment still has
huge potential with its penetration
rate at about 30% now. Judging from
that they do need the additional
protection, especially if they bor-
row, to buy factories for example.
“Also, they may think that they
only need a 90% margin of financ-
ing to acquire that factory, with-
out realising that moving into it
requires more money to pay for
legal and stamping fees as well as
relocation of machinery or staff,”
he explained.
In cases like this, Teoh said SMEs
could leverage property-backed
financing schemes, such as HLB’s
SMElite which allows SMEs to se-
cure loans for property purchases
and working capital financing.
The scheme, guaranteed by
Credit Guarantee Corp Malaysia
Bhd (CGC), allows qualified SMEs
to secure loans of up to RM5 mil-
lion for property purchases and
refinancing, bundled with work-
ing capital requirements of up to
a 150% margin of financing.
In addition, SMEs could opt
for bundled key man protection
products financed by banks,
which are fully refunda-
ble upon policy matu-
Teoh says SMEs could
leverage property-backed
financing schemes.
Photo by Shahrin Yahya
HOME BUSINESS 9
the country’s demographics, this
is the blue ocean where we want
to expand. We need to position
ourselves properly to seize the op-
portunity.”
He observed that areas on the
outskirts, such as along the East
Coast, are particularly underserved
due to a lack of easy accessibility
and awareness.
“These are the segments that
agents find less cost-efficient to
service. And that is why we need to
find the right channel and we have
done quite a lot on this front,” said
Lew, who is also the chief execu-
tive officer and president of Sun
Life Malaysia.
With this in mind, the insur-
er launched the country’s first
“pay-as-you-go” micro-protection
product last year, dubbed GOLIFE,
distributed through the mobile ap-
plication platform of telecommuni-
cations service provider U Mobile.
The mobile-based micro-insur-
ance product allows U Mobile users
to subscribe to affordable monthly
plans with a fee of RM5 or RM10.
“Since insurance products are
not always unique as they are all
regulated, it is important we posi-
tion ourselves and customise our
products in accordance with our
clients’ needs and affordability, as
rity if there is no prior claim. This
could also serve as a saving plan
for enterprises.
“SMEs do not buy insurance
because they don’t have the cash
flow. So, we finance it and help
them gain the protection and do
savings. It all goes back to our mis-
sion of wanting to be the preferred
banker of SMEs by helping to grow,
expand, manage and protect them,”
said Teoh.
SMEs are key to Malaysia’s econ-
omy, forming 98.5% of all business
establishments and accounting
for 66% of total employment in
the country. By 2020, they are ex-
pected to contribute up to 41% of
the country’s gross
domestic product,
from 37.1% in
2017, according
to the report on
the midterm re-
view of the 11th
Malaysia Plan
(2016-2020).
well as accessibility to ensure we
stay relevant.
“U Mobile has innovative strat-
egies we found we can align with.
Going forward, being part of Khaz-
anah [Nasional Bhd], we certainly
want to talk to Axiata as well,” Lew
shared.
Besides insurtech, he acknowl-
edged the significance of digitisa-
tion in the use of artificial intelli-
gence as a tool to enhance client
experience. This can be in the form
of servicing or communication, but
less so for distribution, he said, add-
ing that in line with the closure of
physical bank branches in the era
of digital banking, insurance play-
ers such as Sun Life Malaysia must
reinvent promotion strategies to
tap the banks’ client pool.
“But I must say that insurance is
still a product that has to be sold,
rather than to be bought,” said Lew.
“We are very strong in telemar-
keting and direct marketing, and
will continue to grow our network
further.”
An investment holding company
wholly-owned by Khazanah, Sun
Life Malaysia is a joint venture be-
tween Sun Life Financial Inc and
Avicennia Capital Sdn Bhd, special-
ising in conventional life insurance
and family takaful.
Teoh said HLB — recently
named the best SME bank in Ma-
laysia by The Asian Banker — had
some 112,000 SME customers, of
which 60% fell under the category
of microenterprises, as at end-De-
cember 2018. Last year, the bank
registered a 25.4% year-on-year
growth in loan disbursement.
For 2019, Teoh sees the contin-
uing momentum to contribute to
another year of double-digit loan
and customer count increases, es-
pecially with the growing lifestyle,
wholesale or retail, and halal SME
segments.
“These are really good numbers,
and we are still growing strongly.
We really think that a holistic and
comprehensive offering works best.
It is no longer product pushing,
but putting customers’ needs first.
“It is because of the develop-
ment of new technology that we are
able to analyse needs and behav-
ioural trends from the use of data,
reach out and serve better. When
they grow, we grow,” he added.
Teoh said HLB plans to work
closely with government agencies,
including CGC and Syarikat Ja-
minan Pembiayaan Perniagaan
Bhd, to deliver RM3 billion worth
of loan funding to Malaysian SMEs
this year.
10 ST O C KS W I T H M O M E N T U M
MAJUPERAK HOLDINGS BHD (-ve)
TRADING of shares in Majuperak Holdings
Bhd (fundamental: 1.05/3, valuation: 0.90/3)
triggered our momentum algorithm for the
first time this year.
The counter closed one sen higher to
27.5 sen — with 3.05 million shares traded
— with a market capitalisation of RM68.12
million. This is compared with the 200-day
average trading volume of 188,561 shares.
On March 1, the group announced on
Bursa Malaysia that it was redesignating then
MAJUPERAK HOLDINGS BHD
SALCON BHD (-ve)
TRADING of shares in Salcon Bhd (fun-
damental: 1.65/3, valuation: 1.80/3) trig-
gered our momentum algorithm for the
second time this year. The last time it
triggered our momentum algorithm was
on March 13.
The counter closed one sen higher to 29.5
sen — with 4.19 million shares traded — with
market capitalisation of RM241.43 million.
This is compared with the 200-day average
trading volume of 2.01 million shares.
SALCON BHD
PRINSIPTEK CORPORATION BHD (-ve)
TRADING of shares in Prinsiptek Corp Bhd
(fundamental: 0.45/3, valuation: 1.10/3)
triggered our momentum algorithm for the
first time this year.
The counter closed unchanged at 13.5 sen
— with 7.95 million shares traded — with
a market capitalisation of RM47.07 million.
This is compared with its 200-day average
trading volume of 1.17 million shares.
On Feb 28, the group announced a 79%
drop in net profit for the second quarter
PRINSIPTEK CORPORATION BHD
M ON DAY AP RI L 8, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
Stocks with momentum were picked up using a proprietary algorithm by Asia Analytica Data Sdn Bhd and 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
Our shareholders, directors and employees may have positions in any of the stocks mentioned.
P R O P E RT Y
non-executive director Mohamed Shafeii
Abdul Ghafoor, 56, as its non-independent
and non-executive chairman.
In a separate announcement, it an-
nounced that its then executive chairman
Berlin activists demand city
Mohd Ariff Yeop Ishak, 55, would be redes-
ignated as its managing director.
Furthermore, Salween Azila Ahmad
seize housing from landlords
Tauffik, 52, resigned from her position as
the group’s chief executive officer to pursue BY C ARO LI NE CO P LE Y er Rouzbeh Taheri told Reuters television.
other interests. For decades after unification in 1990,
BERLIN: Thousands of Berlin residents Berlin became a magnet for artists, mu-
Valuation score* 0.90 took to the streets on Saturday to vent sicians and students drawn by housing
Fundamental score** 1.05 anger over surging rents and demand that was far cheaper than in other major
TTM P/E (x) 22.27 the expropriation of more than 200,000 European cities. Around 85% of Berliners
TTM PEG (x) - apartments sold off to big private land- rent their homes rather than own them.
P/NAV (x) 0.38 lords, which they blame for changing But with an influx of some 40,000 people
the character of the city. a year in the last decade, rents have more
TTM Dividend yield (%) -
Activists have started collecting sig- than doubled since 2008, according to a
Market capitalisation (mil) 68.12 natures for a ballot proposal that would study by online housing portal immow-
Shares outstanding (ex-treasury) mil 257.05 require the city to take back properties elt.de. The city is no longer a bargain for
Beta 1.08 from any landlord that owns more than newcomers, and many of its longer-term
12-month price range 0.20-0.35 3,000 apartments. Polls suggest such a residents say they are struggling.
*Valuation score - Composite measure of historical return & valuation measure could pass, forcing the city to Among the properties that have been sold
**Fundamental score - Composite measure of balance sheet strength consider spending billions of euros buy- off to the private sector are many of the large
& profitability ing privatised housing back. landmark Communist-era housing projects
Note: A score of 3.0 is the best to have and 0.0 is the worst to have Demonstrators marched through the built as showpieces under the former East
city centre under a giant model shark. Germany. Many have been acquired in re-
Banners read “against rent sharks and cent years by Deutsche Wohnen, the city’s
speculators”. largest landlord with around 115,000 flats.
“We have had very bad experiences
with these property companies for years,
Campaigners, who call their movement
“expropriate Deutsche Wohnen”, have six
On March 19, the group announced its and we know that they answer to their months to gather 20,000 signatures and
wholly-owned subsidiary Salcon Engineering shareholders and not to tenants. We don’t until February to collect a further 170,000
Bhd had bagged a contract worth RM124.70 want them in our city any more,” organis- to force a referendum. — Reuters
million and is set to last from March 28 to
Feb 18, 2021.
The contract is for raw water intake and
water treatment plant works, with the group
expecting the project to have positive ben-
efits on its net earnings and assets for its
financial year ending Dec 31, 2019 (FY19)
until FY21.
Valuation score* 1.80
Fundamental score** 1.65
TTM P/E (x) 108.76
TTM PEG (x) -
P/NAV (x) 0.52
TTM Dividend yield (%) 2.89
Market capitalisation (mil) 233.29
Shares outstanding (ex-treasury) mil 818.57
Beta 1.12
12-month price range 0.22-0.35
A section of the crowd at Sime Darby Property’s Elsa launch day in Bandar Bukit Raja.
*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 Sime Darby Property’s Elsa fully sold
out on launch day
KUALA LUMPUR: Sime Darby Proper-
ty Bhd’s first affordable product priced
which includes statutory and open-mar-
ket products,” it added.
ended Dec 31, 2018 (2QFY19) to RM224,000, under RM500,000, the Elsa in Bandar The overwhelming response to Elsa
from RM1.08 million posted the year before. Bukit Raja, has been fully sold out on marks an “excellent start” to the group’s
Quarterly revenue shrank 72% to RM8.58 the day it was launched, with all 165 Affordable Collection, said Sime Darby
million, from RM30.41 million in the corre- units snapped up. Property chief marketing and sales officer
sponding quarter a year ago. Elsa comprises 20ft by 65ft freehold Gerard Yuen. “The strong demand for
The group attributed its lower quarterly double-storey link homes that are lo- Elsa proves the market’s need for quality
net profit and revenue to the completion cated in the award-winning township of products in great locations and at the right
of construction projects and changes in Bandar Bukit Raja in Klang, the group price points. The launch of the collection is
contract specification and duration by the said in a statement yesterday. timely and well-aligned with the Malaysian
group’s clients in relation to certain ongoing The Bandar Bukit Raja township is government’s aspiration to ensure homes
projects the group is conducting. well-connected via major highways like are more affordable for the middle- and
the North Klang Valley Expressway, the lower-income group,” he added.
Valuation score* 1.10 Federal Highway, the Shapadu Highway Elsa is also the fifth product under Sime
Fundamental score** 0.45 and the soon-to-be-completed West Darby Property’s Primetime 8 campaign.
TTM P/E (x) 29.46 Coast Expressway. It also houses a 100- Primetime 8 began in March and will car-
TTM PEG (x) (0.47) acre (40.47ha) town park, the largest in ry eight new product launches over eight
P/NAV (x) 0.24 Klang, aimed at integrating wellness consecutive weeks, ending in April 2019,
TTM Dividend yield (%) -
into residents’ lifestyle, the group said. the statement read.
“Elsa marks the launch of the Sime The campaign saw multiple success-
Market capitalisation (mil) 47.07
Darby Property Affordable Collection, ful launches, including the Elmina Valley
Shares outstanding (ex-treasury) mil 348.65 which includes high-rise and landed Five, which was 98% sold during its first
Beta 1.28 properties priced below RM500,000, phase launch on March 24. “Primetime 8
12-month price range 0.10-0.16 located within the Klang Valley. The gives customers the opportunity to pur-
*Valuation score - Composite measure of historical return & valuation company is expected to launch over chase newly launched properties which
**Fundamental score - Composite measure of balance sheet strength 5,000 affordable homes from 2019 to are strategically located in Klang Valley
& profitability 2021 under the Affordable Collection, and Johor,” the group said.
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
MONDAY AP R I L 8 , 20 1 9 • T HE E D G E FINA NCIA L DA ILY
National issues rule in
Rantau by-election
Comparison between previous and current governments a common theme
SEREMBAN: With a week to go un-
til the Rantau by-election, national
issues seem to dominate the cam-
paign trails of two candidates — Dr S
Streram from Pakatan Harapan (PH)
and Datuk Seri Mohamad Hasan
from Barisan Nasional (BN).
One of the issues raised frequent-
ly was the comparison between the
federal governments under the cur-
rent Pakatan administration and BN.
Political analyst Md Shukri Shuib
said the trend is not unusual as this
coming by-election is viewed by
many quarters as the by-election
that would determine the future
survival of both Pakatan and BN.
“For them, the Rantau by-elec-
tion will serve as a benchmark to see
whether BN’s winning momentum
after the Cameron Highlands and
Set up drug-related
mental health
rehab centres —
AADK chief
PASIR MAS: The government will
consider the need to set up special
rehabilitation centres for people
suffering from mental illnesses aris-
ing from synthetic drug abuse like
methamphetamine and syabu.
National Anti-Drug Agency
(AADK) director-general Datuk
Seri Zulkifli Abdullah said many
drug addicts were suffering from
mental illnesses due to drug abuse.
He added that at present, the
Cure and Care Rehabilitation Cen-
tre in Tampoi, Johor is probably the
first centre for such cases as it is
close to the Permai Hospital which
has the expertise in psychiatry.
“Looking at current trends, we
have to consider the need for cen-
tres like the one in Johor because
more people will suffer mental
diseases caused by synthetic drug
abuse.
“At present, we do not have
special rehabilitation centres for
synthetic drug addicts. What we
do know is that the effects of syn-
thetic drug addiction are different
from heroin and other traditional
drugs,” he said.
Zulkifli was speaking to report-
ers after a dialogue session with
community leaders in Tendong.
Also present were Kelantan police
chief Datuk Hasanuddin Hassan,
Tendong state assemblyman Rozi
Mohammad and Kelantan AADK
director Rohayu Ahmad.
Hasanuddin said mosque liai-
son officers had been appointed
in the state.
“Each officer will work closely
with the imam to facilitate mosque
activities involving the local com-
munity.” — Bernama
Semenyih by-elections will con-
tinue here or would it be stopped
by Pakatan,” he told Bernama here.
The Rantau by-election on April
13 will witness a four-cornered
fight involving Dr Streram, who is
also PKR’s Rembau deputy chief,
Mohamad, who is also Umno’s
deputy president and two inde-
pendent candidates, housewife
R Malarvizhi and former lecturer
Mohd Nor Yassin.
However, Md Shukri, who is also
Universiti Utara Malaysia’s political
and international studies senior
lecturer, said the by-election, the
seventh to be held since the 14th
general election in May last year,
should not be defined in such a way.
“Rantau is not the mother of all
by-elections. It is to maintain the
MOVIE TREAT ... Selangor state assemblywoman Lim Yi Wei presenting goodie bags to the children before the show at
Atria Shopping Gallery’s MBO Cinemas branch in Petaling Jaya recently.
Voluntary disclosure scheme
for taxpayers extended
PUTRAJAYA: The first phase of the
Special Voluntary Disclosure Pro-
gramme, under which taxpayers
are subject to a 10% penalty on the
amount of tax payable, has been
extended to June 30, 2019.
Finance Minister Lim Guan Eng
said the cabinet had agreed to the
extension following a very encour-
aging response from taxpayers.
As of March 31, the Inland Rev-
enue Board (LHDN) had received
381,979 voluntary disclosures, he
said in a statement yesterday.
The programme’s second phase,
when taxpayers are imposed a 15%
penalty, will begin on July 1 and
end on Sept 30 this year, he said.
“From Oct 1, 2019, a penalty of
45% and above will be imposed
on taxpayers who fail to submit
status quo and if BN wins it will not
bring political trauma to Pakatan as
BN has been here for three terms.
“Likewise, if Pakatan wins in
the coming Sandakan parliamen-
tary by-election, it is expected as
Sandakan is their fortress,” he said.
Mohamad, also known as Tok
Mat, among others, touched on his
desire to create a two-party system,
as well as to explain to the voters
the objective of the cooperation
between Umno and PAS since the
beginning of the campaign period.
Issues such as water tariff in-
creases, the Pakatan government’s
performance at the federal level,
the Rome Statute and Tabung Haji
dividends were also touched on by
Mohamad, who was Negeri Sem-
bilan’s menteri besar until the last
their income tax return form and
who under-declare their income,”
he said.
He said the programme focuses
on taxpayers who have an overseas
bank account and have income
generated from sources within Ma-
laysia but have not declared it to
LHDN.
He said the government wel-
comes taxpayers who do not have
an overseas bank account to make
a voluntary disclosure on income
generated from within Malaysia
that has not been declared.
“The government hopes with the
extension, more taxpayers will join
the programme so that they can
enjoy a lower penalty and lower
their tax burden,” he said.
Guan Eng said individual tax-
general election and a three-term
Rantau assemblyman since 2004.
Dr Streram was more focused
on questioning Mohamad’s track
record in the Rantau constituency
and Negeri Sembilan as a whole,
as well as the credibility of Umno’s
deputy president during BN’s rule
pertaining to the 1Malaysia Devel-
opment Bhd scandal.
In addition, Dr Streram, an
anaesthetist, also raised the need
for housing, a health clinic and fire
station as well as job opportunities
in the constituency as they are con-
sidered to be less than satisfactory.
The campaign trails of the two
candidates were also assisted by
the presence of top party leaders
and heads of component parties.
— Bernama
payers can make voluntary disclo-
sures for income earned before Dec
31, 2017, while companies may do
so for income earned before the
accounting period ended March
31, 2018.
He added that LHDN had ad-
hered to the government’s direc-
tive issued last year that all inves-
tigations are carried out without
threats, including raids on taxpay-
ers’ houses or business premises ac-
companied by armed and masked
personnel.
Guan Eng said LHDN would ac-
cept any voluntary declaration by
taxpayers in good faith and would
not subject them to further scrutiny,
adding that it would issue a con-
firmation letter for every voluntary
disclosure it receives. — Bernama
H O M E 11
Daily 15-minute
exercise session
for civil servants
soon — Dr Dzul
KUALA LUMPUR: The cabinet
has agreed that every ministry
will have a 15-minute exercise
session every day to encourage
a healthy lifestyle, said Health
Minister Datuk Seri Dr Dzulke-
fly Ahmad.
He said under this pro-
gramme, to be called “X-Break”,
every ministry will be required
to hold exercise sessions for their
staff, either in the morning or
evening.
“This proposal has been
agreed by all the ministers re-
cently; we proposed 15 minutes
each day, either in the morning
or evening, but it is flexible for
each ministry.
“Some ministries are already
doing it, but we will provide a
guideline for all,” he told report-
ers after launching the “Big Walk”
active lifestyle campaign here
yesterday.
He added that the health min-
istry will be meeting with the
Public Service Department to-
day to draw up a circular which
will be sent to all the ministries.
Last year, Prime Minister Tun
Dr Mahathir Mohamad proposed
that all government department
and private-sector staff be re-
quired to exercise for 15 minutes.
Earlier, about 3,000 partici-
pants joined the Big Walk pro-
gramme here which was or-
ganised to promote a healthy
lifestyle. — Bernama
MACC to charge
businessman
with money
laundering
KUALA LUMPUR: Businessman
G Gnanaraja, who is facing cheat-
ing charges in a case linked to
a graft probe into the Penang
undersea tunnel project, has
been arrested by the Malaysian
Anti-Corruption Commission
(MACC) and will be charged with
money laundering today.
The anti-graft body said in a
statement yesterday that it had
received permission from the At-
torney General’s Chambers to pro-
ceed with charging Gnanaraja in
the Kuala Lumpur Sessions Court
here. He was arrested around
11.40am yesterday at the MACC
headquarters in Putrajaya.
Gnanaraja will be facing sev-
eral charges under the Anti-Mon-
ey Laundering, Anti-Terrorism
Financing and Proceeds of Un-
lawful Activities Act 2001.
Just last week, Gnanaraja was
charged with three counts of de-
ceiving a managing director to
pay him RM19 million in three
transactions in 2017, in return
for his help to end an ongoing
graft probe into Consortium Ze-
nith Construction Sdn Bhd, the
main contractor of the Penang
undersea tunnel project.
He pleaded not guilty to all
three charges.
12 B R O K E R S’ C A L L M ON DAY AP RI L 8, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

Better exports for 2019 MAHB’s Turkish

expected for Lafarge Malaysia
Lafarge Malaysia Bhd
(April 5, RM2.61)
Downgrade to sell with a target
price (TP) of RM2: Lafarge fore-
sees subdued domestic cement
demand to continue in 2019. The
recovery in the property market
will take longer as the oversupply
overhang and affordability issue
continues to plague the indus-
try. The potential revival of the
East Coast Rail Link (ECRL) pro-
ject is positive for the group as it
had secured a cement supply con-
tract previously. But we believe it
is not sufficient to bump up the
group’s domestic sales as it adds
only 300,000 to 400,000 tonnes per
year of cement sales over a three-
year period. The cement export
average selling price (ASP) has
improved by about 20% in 2018
and is expected to be flat in 2019.
We expect export volumes to im-
prove in 2019, driven by clinker
demand from Bangladesh and Sri
Lanka. Though a pickup in domes-
tic demand and prices remain the
key factors for an earnings recov-
ery, better export sales will help
partially mitigate the impact of a
subdued domestic market.
The current situation continues
to put downward pressure on do-
mestic cement prices. The domestic
cement ASP was at its lowest in the
fourth quarter of 2018, and Lafarge
expects prices to pick up in 2019 as
the current domestic cement price
is not sustainable, given that most of
the cement companies are making
losses. The higher cost of produc-
tion, partly due to higher energy
costs, is likely to put pressure on
domestic players to raise cement
prices.
Production cost has been high
partly due to the higher electricity
cost — comprising about 20% of total
production cost — as a result of a 3%
increase in the effective electricity
tariff from March 1, 2019. Coal cost
(comprises about 30% of total pro-
duction cost) remains high, though
it moderated to about US$93-97
(RM380-397) per tonne in March
2019 compared to US$101-103 per
tonne in December 2018.
The group reiterated its commit-
ment to improving its cost efficiency.
The installation of a fuel top-feed
mechanism at its Rawang plant is
expected to reduce the fuel cost by
about 15% as the new coal mill will
allow the usage of lower-grade coal
as fuel for production. Meanwhile,
the group’s ongoing restructuring
initiatives are expected to further
reduce selling, general and admin-
istration costs. This will partly offset
the impact of the higher electricity
cost as the effective tariff surcharge
was increased to 2.55 sen per kWh
(from 1.35 sen per kWh previously)
effective from March 1, 2019, with an
unchanged base tariff of 39.45 sen
per kWh. Lafarge is also undertaking
an asset rationalisation exercise cur-
rently with plans to dispose of some
non-core assets worth about RM150
million to reduce its net gearing of
0.3 times as at Dec 31, 2018.
We maintain our financial year
2019 estimate (FY19E) core net loss
and widen our FY20E core net loss
from RM12 million to RM95 million
as we believe it will take longer for
the property market to rebound.
The overhang of unsold properties
remains high at 30,115 units, while
housing starts declined by 10% year-
on-year to 93,998 units in the nine
months of 2018. We expect proper-
ty developers to focus on clearing
inventories, suggesting fewer new
launches of property projects. In ad-
dition, we expect cement demand
from infrastructure projects to pick
up in 2020 as infrastructure project
awards will only start to pick up in
the second half of 2019.
Our unchanged TP of RM2 is
based on a 2019E price-to-book ra-
tio of 0.8 times. The stock price has
run up recently, partly due to the
potential revival of the ECRL project
and speculated sale of Lafarge Ma-
laysia by its parent company Lafarge
Holcim Ltd as part of the group’s ra-
tionalisation exercise. Fundamen-
tally, we do not see any immediate
catalyst for a turnaround, given the
prolonged weak domestic cement
demand, stiff price competition
and rising production cost.— Affin
Hwang Capital, April 5
operations seen
improving
Malaysia Airports Holdings Bhd
(April 5, RM7.11)
Maintain buy with a target
price (TP) of RM9.75: While
we cut forecast financial years
2019 to 2021 FY19-21F earnings
by 8-11% on lower passenger
growth assumptions, we see val-
ue at current price levels. In our
view, Malaysia Airports Hold-
ings Bhd’s (MAHB) share price
overly discounts its steady do-
mestic business and its stake in
Istanbul Sabiha Gokcen Inter-
national Airport (ISG) in Turkey.
Although the group is unlikely to
monetise its ISG stake soon, the
Turkish operations are improv-
ing and backed by steady growth
in passenger traffic. Valuations
are attractive relative to peers at
7.2 times value-to-earnings be-
fore interest, taxes, depreciation
and amortisation (EV/Ebitda). As
such, we view the correction as
an opportunity to accumulate the
stock. We reiterate our “buy” rat-
ing with sum-of-the-parts (SoP)-
based TP of RM9.75.
Favourable revisions of oper-
ating agreements such as positive
changes in benchmark rates or
user fee terms may see stronger
earnings and a potential rerating.
— AllianceDBS Research, April 5

We are a boutique investment advisory company (Capital Market Services

Licence for investment advice) based in Petaling Jaya, Selangor and are
planning to expand into fund management business. We are thus seeking
suitably qualified candidates to fill the following positions for the new fund
management unit (to be based in Petaling Jaya, Selangor):-

1. Capital Market Services Representative 2. Compliance officer

for fund management
(3 to 5 years’ experience)
The candidate must currently hold a Capital Market Services
Representative Licence (CMSRL) for fund management or
have last held a CMSRL for fund management not more
than 2 years from the date of application.
(Bumiputera only)
The candidate must be a Bumiputera and is currently an
approved compliance officer in a licensed fund management
company or has last worked as an approved compliance
officer in a licensed fund management company not more
than 2 years from the date of application.

Candidates must possess good knowledge and competence in the area of work
involved in the position he or she is applying for.
Interested parties may apply by sending a copy of the CV
together with the necessary supporting documents
(e.g. copies of relevant certificates and licences issued by the Securities Commission)
to hr.my@bizedge.com.

Only shortlisted candidates will be notified.

MONDAY AP R I L 8 , 20 1 9 • T HE E D G E FINA NCIA L DA ILY
IOI Properties sees
better FY19 amid
challenges
IOI Properties Group Bhd
(April 5, RM1.33)
Maintain buy with a target price
(TP) of RM1.84: IOI Properties
Group Bhd’s (IOIPG) management
expects the property market envi-
ronment to remain challenging in
2019. IOIPG is also tweaking its mar-
keting strategies and introducing
more attractive packages to sustain
earnings through “stock clearing” of
completed and ongoing projects.
IOIPG’s latest inventories stand at
RM2 billion. About half of the total
inventories were units completed
during financial year 2018 (FY18).
Under its IOI Free Ownership
campaign, buyers can now enjoy
savings of up to RM161,000 (Muse
by The Sky condominiums, Bandar
Puchong Jaya), stamp duty exemp-
tions and rebates. Via social media
and digital platforms, the public can
act as “special marketing agents”
for the group and every successful
referral will receive attractive refer-
ral incentives. While such schemes
could result in some margin ero-
sion, we believe it is vital to realise
cash flows from these inventories
for future working capital purposes.
Despite the challenging market
environment, management contin-
ues to guide for a better FY19 and
expects sales this financial year to
come within the range of RM2 billion
to RM2.2 billion (6% to 17% growth
year-on-year). First-half of FY19
sales of RM1.03 billion accounted
for about 50% of our full-year sales
assumption of RM2 billion. Over in
Singapore, City Developments Ltd
and IOIPG (a 50.1%:49.9% joint ven-
ture) have launched the exclusive
190-unit South Beach Residences
in September 2018. The sales per-
formance has been encouraging,
with 53 out of 75 units released sold.
This includes the 6,728-sq ft super
penthouse, which was sold for S$26
million (RM78.5 million). Manage-
ment also anticipates two projects in
Xiamen (planned launches of RM1
billion) to drive its FY19 sales. The
launch of IOI Palm City (gross de-
velopment value: 700 million yuan
[RM426.18 million]) at end-August
Rerating on earnings stability expected for TNB
Tenaga Nasional Bhd
(April 5, RM12.62)
Maintain buy with a target price
(TP) of RM15.50: Concerns over
the impact of industry reforms ap-
pear overly pessimistic and possibly
misplaced in our view. We believe
these concerns would be alleviat-
ed as clarity emerges in the com-
ing months. With that, we expect a
rerating of the share price to levels
IOI Properties Group Bhd
FYE JUNE (RM MIL) 2017
Revenue 4,185.4
Ebitda 2,131.3
Dep & amortisation (625.5)
Fair value gains and EI 123.3
Net finance cost 51.9
Share of associtates & JV 2.3
Reported PBT 1,436.6
Normalised PBT 1,559.9
Taxation (468.8)
MI (47.0)
Reported net profit 920.9
Normalised net profit 1,044.2
Normalised EPS (sen) 18.9
GDPS (sen) 6.0
Dividend yield (%) 4.4
EV/Ebitda (x) 8.3
Source: TA Securities
2018 has seen a strong response with
a 96% take-up rate to date. Mean-
while, the group plans to roll out
the maiden phase of the Xiang An
project by end-fourth quarter of
FY19 (4QFY19) or 1QFY20.
With the occupancy rate of IOI
City Mall reaching 99%, IOIPG has
started the second phase of devel-
opment. The net lettable area will
increase by another one million sq
ft to 2.5 million sq ft. Moxy Hotel,
Marriot International’s experien-
tial hotel brand, will also make its
debut in IOI City Mall’s Phase 2.
IOI City Mall’s Phase 2 is expected
to be completed in 2022. As for the
Central Boulevard development in
the Marina Bay Financial Centre,
Singapore, pilling work has started
since February 2018 and the main
building construction is expected
to commence soon (mid-2019), on
track for completion by 2022.
As for the group’s operation in
China, the construction of a shop-
ping mall, hotel, boutique offices,
shoplots and shophouses within IOI
Palm City is ongoing, with sched-
uled completion in 2020/2021. Once
completed, IOI Palm City will add
over two million sq ft of commer-
cial space and about 300 rooms to
that better reflect Tenaga Nasion-
al Bhd’s (TNB) earnings stability.
A commonly mooted reform is
the possible introduction of retail
competition, which would allow
third parties into the “customer ser-
vices” segment. The net operating
profit after tax attributable to this
segment is merely about RM20 mil-
lion annually. This does not entail
the farming-out of TNB’s existing
B R O K E R S’ C A L L 13
Vertical integration seen to
enhance ATA IMS’ margins
ATA IMS Bhd
(April 5, RM1.74)
Upgrade to buy from hold with
a fair value of RM2.07: ATA IMS
Bhd has recently taken a private
placement of 5% of its issued
share capital to raise RM103 mil-
lion, of which 74% of the pro-
ceeds will be used for working
capital and 24% for capital ex-
penditure for its new facilities
and production lines. The group
has guided that its financial year
2020 forecast (FY20F) capital ex-
penditure will be approximately
2018 2019F 2020F 2021F RM50 million.
2,792.6 2,916.7 3,191.4 3,403.0 The group has added on four
1,685.2 1,709.8 1,745.1 1,798.9 new capabilities, which are
printed circuit board assembly
(630.3) (639.9) (649.2) (658.1)
(PCBA), battery pack, wire har-
4.8 0.0 0.0 0.0 ness and brush bar assembly in
52.4 53.0 53.5 54.0 order to be self-sufficient and
(31.0) 65.8 98.3 72.3 reduce reliance on external sup-
1,071.5 1,188.6 1,247.7 1,267.1 pliers. Furthermore, being verti-
1,076.3 1,188.6 1,247.7 1,267.1 cally-integrated will put ATA in
(263.4) (356.6) (374.3) (380.1) a better position to secure addi-
tional orders and/or customers.
(24.5) (25.0) (26.3) (26.8)
The group currently has
783.6 807.0 847.1 860.2 eight surface-mount technolo-
788.4 807.0 847.1 860.2 gy (SMT) lines on the private side
14.3 14.7 15.4 15.6 and plans to increase this to 18
5.0 5.0 5.0 5.0 lines by the second half of cal-
3.6 3.6 3.6 3.6 ender year 2019. The SMT lines
20.6 20.6 20.8 20.3 producing PCBA and battery
pack components are expected
to be injected into the group by
mid-2021.
IOIPG’s portfolio. We have made no The estimated total savings
change to our FY19 to FY21 earnings when ATA is fully self-sufficient
forecasts. Our FY19/FY20/FY21 new in the four new capabilities in
sales assumptions are RM2 billion/ the next two to three years are
RM2.4 billion/RM2.5 billion respec- RM60 million to RM70 million
tively. Meaningful contributions per annum, enhancing margins
from new investment properties by 2% to 3%.
and hospitality assets will only kick ATA has secured additional
in beyond 2020. Rolling forward our contracts to manufacture new
valuation base year to calendar year products for its key customer,
2020 (CY20), we arrive at a new TP adding two assembly lines to 14
of RM1.84 per share based on an from 12 by FY20F and increas-
average blended CY20 price-earn- ing its production space by an
ings ratio (PER)/price-to-book (P/B) additional 110,000 sq ft (+10%).
ratio of 10 times/0.6 times. Of the two lines, one line is
IOIPG is trading at a CY20 PER
and P/B ratio of 8.8 times and 0.4 ATA IMS Bhd
times respectively, a steep discount
to its five-year average forward PER FYE MARCH (RM MIL)
and P/B ratio of 13.1 times and 0.6 Revenue
times respectively. Against its larg-
Core net profit
er peers, IOIPG’s PER and P/B ratio
appear undemanding, below the FD core EPS (sen)
peers’ average of 11.9 times and 0.7 FD core EPS growth (%)
times respectively. We like IOIPG as Consensus net profit
a developer with greater flexibility DPS (sen)
in terms of product offering and PER (x)
pricing. Potential derating catalysts EV/Ebitda (x)
include unexpected tightening of
Dividend yield (%)
monetary policies and prolonged
weakness in consumer confidence ROE (%)
— key downside risks to our recom- Net gearing (%)
mendation. — TA Securities, April 5 Source: AmInvestment Bank Research
distribution assets to third parties generators bid to produce elec-
(such a move would require share- tricity), thus theoretically driving
holders’ approval in any case). On a down tariffs and lowering gener-
stand-alone basis, the introduction ation returns. Technicalities aside,
of retail competition is unlikely to current-generation returns (inbuilt
move the needle much with regard into capacity payments) are effec-
to tariff savings in our view. tively guaranteed upon fulfilment
Another frequently mentioned of availability (not generation) tar-
reform is the possible migration gets under the existing power pur-
towards a full “merchant market” chase agreement (PPA) framework.
in the generation space (where A premature dismantling of the PPA
for a household product, which
commenced production in
March 2019, while the other
line for a personal care prod-
uct is expected to commence
by October 2019. We note that
the group’s International Or-
ganization for Standardization
accreditation for the automotive
industry supply chain puts ATA
in a better position to secure au-
tomotive-related contracts from
its key customer.
Besides its 187,000-sq ft Jalan
Hasil factory and 116,000-sq ft
new warehouse, the group has a
recently completed spray facility
and a new plastic injection facil-
ity. The plastic injection facility
is expected to be completed in
June 2019, and will house 58
machines of different tonnages.
ATA has secured a contract
to produce Zimplistic’s prod-
uct, Rotimatic, a flatbread mak-
er with Internet of Things (IoT)
capabilities. The group has al-
located one assembly line for
Zimplistic but the contribution
is only expected to be negligible
at 1% to 2% of group revenue. Al-
though the production volume
is low, ATA is keen to explore the
potential of the IoT capabilities
for the future.
We are positive on these re-
cent developments and recom-
mend a “buy” on ATA due to:
i) it being the purest proxy for
growth prospects for its key cus-
tomer (by virtue of ATA being
the key customer’s largest con-
tract manufacturer producing
the broadest range of products);
ii) its move to become a vertical-
ly integrated player; and iii) its
positive growth trajectory with
a two-year compound annual
growth rate of 13% from FY19F
to FY21F, underpinned by its
modular expansion strategy. —
AmInvestment Bank, April 5
2018 2019F 2020F 2021F
2,308.5 2,723.5 3,479.0 3,855.0
92.5 122.0 161.1 177.7
8.8 10.1 13.4 14.8
11.8 14.8 32.1 10.3
- 123.3 162.7 186.3
- 3.5 4.7 5.2
19.5 17.0 12.9 11.7
14.5 11.6 8.8 7.7
- 2.1 2.7 3.0
29.5 26.6 29.3 26.9
0.9 9.5 2.7 nm
framework would require hefty
compensation by the government.
Our earnings forecasts and TP
of RM15.50 are unchanged. Our
TP is derived from a discounted
cash flow, assuming 7.5% weight-
ed average cost of capital and 1%
long-term growth, implying a fi-
nancial year 2019 price-earnings
ratio of 15.9 times. — Maybank IB
Research, April 5
14 C O M M E N T
Squeezing gas prices or Iran?
Trump must choose
Sanction waivers for buyers of Iranian oil will expire soon. His next move will impact oil market
BY JU L I A N L EE
T
he deadline for the
US administration to
decide whether to ex-
tend sanction waivers
granted to buyers of
Iranian oil is now less
than a month away, and President
Donald Trump faces a tricky de-
cision. He undoubtedly wants to
increase pressure on the Persian
Gulf nation, but in doing so he risks
stoking oil prices and with them
those all-important gas prices in
swing states back home.
Brian Hook, the US Special Rep-
resentative for Iran, believes oil
market conditions are better this
year than they were in 2018 for ac-
celerating the goal of “zeroing out
all purchases of Iranian crude,” or
so he told reporters last week. But
the numbers tell a different story.
That is going to make it more
difficult for Trump to go in hard on
the remaining buyers of Iran’s oil.
Crude prices have risen nearly
50% since Christmas, with West
Texas Intermediate oil prices pop-
ping above US$62.50 (RM255.63)
a barrel last week for the first time
Boeing’s crisis goes from bad to worse
BY B RO OKE SU T HERL A N D
BOEING Co’s 737 MAX crisis has
been largely self-inflicted, but now
it is passing some of the conse-
quences onto its suppliers.
A crash of an Ethiopian Air-
lines-manned MAX in March —
just five months after a Lion Air jet
of the same type went down — has
put the plane-maker at the centre
of a political, legal and increasingly
financial firestorm where its rep-
utation for safety is being openly
questioned. A fix for a flight-control
system that is believed to have been
a factor in both accidents is taking
longer than expected amid the scru-
tiny, and Boeing cannot deliver the
planes without it. And so, the com-
pany announced late last Friday that
it will curtail production of the MAX
to 42 planes per month, down from
a current rate of 52. Before all this,
Boeing had planned to ramp up pro-
duction of the MAX to 57 a month,
an aggressive goal that suppliers had
been preparing for by hiring more
employees and expanding capacity.
Boeing plans to work with sup-
pliers to blunt the financial impact
from this shift. Spirit AeroSystems
Holdings Inc and CFM Interna-
tional, the joint engine venture of
General Electric Co and Safran SA,
both said they intend to maintain
their current pace of production.
But it is unclear what Boeing will do
in almost five months. Retail gas-
oline prices are on a tear, too. The
latest data from the Department
of Energy show gas prices up by
18% since late February, bringing
them back to where they were this
time last year.
Meanwhile, in the Persian Gulf,
Iran’s visible exports of crude and
condensate — a light form of oil
produced from gasfields — have
been rising steadily since the start of
the year. Part of this increase may be
due to more of the nation’s oil tank-
ers sending out the radio signals
that allow them to be tracked, after
much of the fleet turned off tran-
sponders to disguise their move-
ments immediately after sanctions
were reimposed. But customs data
from importing nations show a
similar upward trend.
America’s squeeze on Iran nev-
ertheless allowed some nations
to purchase its oil, under a series
of six-month-long waivers. These
were granted to eight countries, in-
cluding China, South Korea, Iran,
Japan and Turkey, as the restric-
tions were imposed in November.
An estimated 1.76 million barrels
a day of crude and condensate
with that inventory. The longer the
grounding lasts, the more unlikely
it is that suppliers will emerge from
this debacle unscathed. They risk
losing revenue from lower demand
and cash-flow hits should their in-
vestments go unneeded.
Legal complaints are mounting,
with consumer advocate Ralph Na-
der urging a recall of the MAX on
behalf of his grandniece who died
in the Ethiopian Airlines crash. That
may not go far, but meanwhile, Ethi-
opian Airlines said last Friday that it
was rethinking plans to purchase an
additional 25 MAX jets because of the
left Iran for those five countries
in March, up from 1.42 million in
February, according to Bloomberg
tanker tracking.
This trend contradicts Hook’s
assertion that the US is “on the fast
track to zeroing out all purchases of
Iranian crude”. Three countries that
got waivers have cut their purchas-
es to zero, he added. In fact, those
three countries — Taiwan, Greece
and Italy — have not exercised their
waivers at all since they were grant-
ed. Refiners in Greece and Italy
have not received any Iranian car-
goes since October, while Taiwan
took its last delivery in September.
Trump’s sanctions have been
only slightly tougher than those
imposed by his predecessor, de-
spite offering fewer waivers. That
will no doubt act as an additional
spur for him to heap pressure on
the country. But he is going to face
difficulties if he wants to get much
tougher on Iran next month.
Gas prices remain important to
the president and their recent rise
must be a source of concern.
The deteriorating situation in
two of the “Shaky Six” oil-produc-
ing countries I identified a couple
“stigma” associated with the plane.
PT Garuda Indonesia had already
initiated steps to cancel a US$4.8 bil-
lion (RM19.63 billion) order because
its customers do not trust the plane.
Investigators said last week that
pilots on the Ethiopian Airlines flight
attempted to follow procedures to
disable the flight control system that
Boeing had laid out after the Lion
Air crash. The pilots were unable to
regain control, suggesting the pro-
cedure was not as simple as Boeing
made it seem and undercutting its
previous attempts to deflect blame
away from itself as it insisted the
M ON DAY AP RI L 8, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
of weeks ago is also going to make
toughening up the Iran sanctions
more difficult.
Venezuela’s oil production is
said to have plunged by half dur-
ing blackouts that rolled across the
country last month. Heavy tar-like
oil began to solidify in pipelines
and tanks after heating systems lost
power, causing substantial damage
that could take months to fix.
Sanctions imposed on Venezue-
la’s state oil company have accel-
erated the output decline, depriv-
ing Petroleos de Venezuela of its
biggest buyer and the supplier of
the light oil it needs to dilute the
extra-heavy crude it produces. Out-
put will fall further as the political
crisis drags on.
Libya’s production is also at risk
again as forces loyal to strongman
Khalifa Haftar advance on the cap-
ital, Tripoli, threatening a major
escalation in violence. Output rose
above one million barrels a day
last month for the first time this
year, after the country’s biggest
oilfield was restarted following a
three-month armed occupation.
That recovery is now at risk again.
There are two things Trump can
The winglet of a
Boeing 737 MAX
aircraft is seen while
parked at a Boeing
production facility in
Renton, Washington.
Boeing announced
late last Friday that it
will cut production of
the MAX to 42 planes
per month, down
from a current rate of
52. Photo by Reuters
plane was airworthy. The investi-
gators’ report appears to have been
a rude awakening for Boeing, which
has at times come off as tone-deaf
in its response to the crashes and
seeming resistance to the implica-
tion that its design or processes were
flawed. Boeing CEO Dennis Muilen-
burg made a halfway attempt at ac-
countability in a video released last
Thursday, apologising for the pain
the accidents have caused, while
at the same time characterising the
crashes as the result of a “chain of
events”. He stopped short of saying
Boeing’s initial recommendations
do, and his national security team
is divided on the course he should
follow.
He can allow the unused Iran
waivers to expire, claiming a tough-
er stance without actually affecting
oil flows, and perhaps trim the vol-
umes that the remaining countries
are permitted to import. Expect
particular pressure on Japan and
South Korea, who may be more
willing than the others to acquiesce
to US demands.
He can also continue to lean
on Saudi Arabia and the rest of
the Opec+ group to raise output.
The Saudis would be very happy
to boost production at the expense
of their rival, but they will be much
less willing than they were last year
to do that before seeing Trump ac-
tually impose tougher sanctions.
If he has to choose between low-
er gas prices and tougher Iran sanc-
tions, domestic considerations will
probably hold sway. Expect more
tweets aimed at Saudi Arabia and
Opec, followed by an extension of
five of the eight the waivers, prob-
ably permitting reduced volumes
of purchases for some, if not all.
— Bloomberg
were insufficient, acknowledging
only that erroneous activation of the
software “can add to what is already
a high workload environment”.
Regardless, it is on Boeing to fix
the software and that’s proving to be
complicated. The company said ear-
lier last week that it would be several
more weeks before it could submit
the software update to the Federal
Aviation Administration (FAA) for
approval. That’s a bit awkward as
Boeing had hosted a junket the week
before to sell the fix to pilots and
journalists and said it would have
the final paperwork to the FAA by
March 29. Obviously, Boeing should
be sure it has all the kinks worked
out this time. The company report-
edly discovered a problem with in-
tegrating the fix with existing flight
control infrastructure in the final
audit and unearthed an unrelated
software issue. But this underscores
the fact that this is a process that can-
not be rushed, especially as inter-
national regulators feel compelled
to piggyback on the FAA with safety
reviews of their own amid uncom-
fortable questions about whether
the organisation was too cozy with
Boeing to catch and prevent these
problems ahead of time.
Investors in Boeing — and its
suppliers — should start getting
used to the idea of a long delay be-
fore the MAX returns to the skies.
— Bloomberg
MONDAY AP R I L 8 , 20 1 9 • T HE E D G E FINA NCIA L DA ILY
Switzerland
proposes tougher
capital rules
for big banks
BY A L B E RT I N A TORSOL I
GENEVA: Switzerland is propos-
ing bigger capital cushions for the
country’s top banks that could force
UBS Group AG and Credit Suisse
Group AG to set aside an addition-
al 24 billion Swiss francs (RM98.16
billion) in reserves.
The finance ministry is weighing
an amendment to capital adequa-
cy rules to try to ensure that the
parent companies of systemically
important banks are sufficiently
well-capitalised in the event of a
crisis, the government said in a
statement last Friday.
“The additional funds the two
big banks need to absorb the losses
amount to a total of approximately
24 billion francs. These must issue
new lease-in bonds to the level of
their holding for a similar amount,”
a report accompanying the state-
ment showed.
The total refinancing costs for
the two banks would therefore in-
crease each year by as much as 170
million francs, according to the
report. Consultations on the draft
proposals will run until July 12.
In an emailed statement on Sat-
urday, UBS said it will review the
draft and provide a comprehensive
comment.
“Already today Switzerland has
the most stringent capital require-
ments globally. It’s in the interest
of the Swiss financial centre to stay
competitive internationally,” it said.
Credit Suisse said in a separate
e-mailed statement that the pro-
posal is “an important clarifica-
tion” with regards to capital re-
quirements. — Bloomberg
US ops not part of
merger talks —
Deutsche Bank
BY JAKE RUDNITSKY &
S T EV EN ARON S
MOSCOW: Deutsche Bank AG said
restructuring its US investment
bank has not been part of talks to
acquire Commerzbank AG that
have intensified in recent days.
Top US executives at Deutsche
Bank told employees that the bank
and management are “firmly com-
mitted to our US franchise,” accord-
ing to an internal memorandum
seen by Bloomberg.
The memorandum followed a
report by Reuters last Friday that it
had discussed shaking up the busi-
ness with Commerzbank.
In the report, Reuters cited uni-
dentified people as saying that ex-
ecutives talked about how to scale
back the unit after Commerzbank
sought assurances that Deutsche
Bank was prepared to make deeper
cuts as a condition of a takeover.
The two banks are close to
sketching out the outline of a po-
tential merger deal, people briefed
on the matter have said.
A Deutsche Bank spokes-
woman declined to comment.
— Bloomberg
Saudi Aramco set
for mega debt deal
pitched by Dimon
Roadshow is wrapping up with pricing as soon as tomorrow
BY LYUBOV P RONINA &
M OLLY SM ITH
BRUSSELS/NEW YORK: In a bond
sale closely watched by investors
globally, Saudi Aramco and its bank-
ers are preparing to kick off what
could be at least a US$10 billion
(RM40.9 billion) offering this week.
Early indications suggest investors
are already crowding in.
A message circulated among in-
vestors last Friday said interests in
the most highly-anticipated sale of
the year already totalled more than
US$26 billion, according to people
with direct knowledge of the matter.
The state-owned oil giant and
bankers spent the last week drum-
ming up support for its debut offering
at presentations in cities ranging from
New York and Chicago to Singapore
and Tokyo.
The success of the sale is hugely
important for banks, such as JP Mor-
gan Chase & Co, that are working on
the company’s behalf.
They are eager to run an initial
public offering (IPO) by Aramco —
the world’s most profitable compa-
ny — if and when it comes, which
would bring lucrative fees for the
selected banks.
In a rare appearance that under-
lines the bond sale’s significance, JP
Morgan’s chief executive officer Jamie
Dimon spoke at a lunch in New York
last Thursday to market the deal, ac-
‘Ghosn’s wife to appeal to French
govt to help ex-Nissan boss’
BY YUKA OBAYASHI
TOKYO: The wife of former Nissan
boss Carlos Ghosn has left Japan
and flown to Paris to appeal to the
French government to do more to
help him, the Financial Times re-
ported yesterday.
Japanese prosecutors arrested
Ghosn for a fourth time last Thurs-
day on suspicion he had tried to
enrich himself at the carmaker’s
expense, in another dramatic twist
that his lawyers said was an attempt
to muzzle him.
“I think the French government
should do more for him. I don’t think
he’s had enough support and he’s
calling for assistance. As a French
citizen, it should be a right,” Carole
Ghosn told the FT in an interview
before boarding a flight out of Japan
late last Friday.
She said her husband’s previous
cording to one of the people.
Morgan Stanley, Citigroup Inc,
Goldman Sachs Group, HSBC Hold-
ings and NCB Capital are also man-
aging the bond sale, according to a
prospectus seen by Bloomberg news.
The initial price talk on the bond
may be announced today, with pric-
ing as early as tomorrow, the people
said. Representatives of the compa-
ny declined to comment on the sale
process.
“It will be definitely a jumbo deal
with at least four tranches. Demand
should be huge,” said Sergey Der-
gachev senior portfolio manager at
Union Investment Privatfonds GmbH
in Frankfurt.
He speculated that demand could
even surpass the record US$53 bil-
lion in bids that Qatar received for
108-day imprisonment had left him
“a different person” and that normal
life under bail conditions had been
impossible.
“You could see the fear in his
eyes,” as rumours of his re-arrest
spread last week, she was quoted
as saying.
Ghosn, who holds French, Leb-
anese and Brazilian citizenships,
has denied charges against him and
called on the French government
for help.
Tokyo prosecutors, Ghosn’s law-
yer and his spokesperson were not
immediately available for comment.
Public broadcaster NHK said yes-
terday that prosecutors suspected
Ghosn siphoned off part of the pay-
ments through a company where
his wife is an executive to purchase
a yacht and a boat.
The prosecutors asked her to
meet them for voluntary question-
W O R L D B U S I N E S S 15
Dimon spoke
at a lunch in
New York last
Thursday to
market the
deal. Photo
by Reuters
its US$12 billion bond sale last year.
Aramco is turning to the US dol-
lar bond market as the company is
starting to raise cash ahead of the
purchase of a US$69 billion majori-
ty stake in domestic petrochemical
giant Sabic.
The bond sale represents an al-
ternate way for Saudi Arabia to raise
money and diversify from oil after an
IPO of Aramco was postponed last
year. Saudi Arabia has valued Aramco
at a whopping US$2 trillion, though
not all investors are convinced it is
worth that much.
While demand for the bonds is
likely to be high, investors remain
torn on whether that interest will al-
low Aramco to pay yields lower than
what its owner does, the Saudi Arabia
government. — Bloomberg
ing as an unsworn witness, but the
request was turned down, which
prompted them to ask judges to
question her on their behalf, the
broadcaster said.
Such a request gives judges the
power to question on a mandatory
basis witnesses who refuse to testify,
according to NHK.
Ghosn’s lead lawyer, Junichiro
Hironaka, said last Thursday pros-
ecutors confiscated Ghosn’s mobile
phone, documents, notebooks and
diaries, along with his wife’s passport
and mobile phone.
The FT said prosecutors had con-
fiscated his wife’s Lebanese passport
in a dawn raid on their apartment in
central Tokyo on Thursday morning,
but did not discover her US passport.
“I’m all alone here. It’s traumatis-
ing what happened,” she was quoted
as saying while awaiting her flight.
— Reuters
IN BRIEF
LG Chem sets up JV with
Vietnam’s VinFast
SEOUL : South Korea’s LG
Chem said yesterday it has set
up a joint venture (JV) with Vi-
etnam’s VinFast Trading and
Production to produce lith-
ium-ion batteries for the Vi-
etnamese carmaker’s electric
scooters and electric vehicles.
The two companies established
their JV factory in the Vietnam-
ese northern port city of Hai
Phong, with an aim to produce
lithium-ion battery packs for
VinFast’s electric scooters that
are being made now and elec-
tric cars to be produced in the
future, the South Korean bat-
tery maker said in a statement.
The plan comes as VinFast, a
unit of Vietnam’s largest con-
glomerate Vingroup JSC, aims
to become the country’s first
domestic car manufacturer and
targets to produce 250,000 cars
per year. — Reuters
Fiat Chrysler to pay
Tesla to pool fleet
BENGALURU: Italian carmak-
er Fiat Chrysler Automobiles
NV has agreed to pay electric
carmaker Tesla Inc hundreds
of millions of euros so that the
vehicles of Tesla are counted
in its fleet to avoid fines for vi-
olating new European Union
emission rules, the Financial
Times reported yesterday. The
step will let the Italian carmaker
offset carbon dioxide emissions
from its cars against Tesla’s, by
bringing down its average figure
to a permissible level, the FT
said. Tesla. The Italian carmaker
formed an open pool with Tes-
la on Feb 25, the report added,
citing a declaration with the Eu-
ropean Commission. — Reuters
Tata Steel posts record
steel after Bhushan buy
MUMBAI: Tata Steel Ltd’s In-
dian steel output rose to a re-
cord in its latest financial year
thanks to its 2018 acquisition
of Bhushan Steel Ltd assets, po-
tentially making Tata the coun-
try’s biggest producer. Produc-
tion rose 35% to 16.79 million
tonnes in the year ended March
31, as Bhushan Steel added 4.2
million tonnes to output, Tata
said in a statement last Satur-
day. Tata’s volumes are a tad
higher than the 16.75 million
tonnes targeted by JSW Steel
Ltd, which was India’s biggest
steel mill in the previous finan-
cial year. — Bloomberg
People’s Bank of China
on gold-buying spree
SINGAPORE: China is on a bul-
lion-buying spree. The world’s
second-largest economy ex-
panded its gold reserves for the
fourth straight month, adding
to optimism that central banks
globally will continue to build
holdings. The People’s Bank of
China raised reserves to 60.62
million ounces in March from
60.26 million a month earlier,
according to data on its web-
site. China, the world’s top gold
producer and consumer, is fac-
ing signs of a slowing economy.
— Bloomberg
16 FO CU S
Contractors work on the border wall in Calexico, California. Trump’s threat to close the border with Mexico has resulted in more migrants crossing over last month. Photo by Bloomberg
Trump says US ‘full’, cannot
accommodate more migrants
He threatens to apprehend people by the thousands and bring them back to their countries
BY A LYZ A SEB EN I U S
P
resident Donald Trump said the
US is “full” and cannot accom-
modate any more migrants from
Latin America, capping a week
of heated threats against Mexico
over undocumented migration
and the flow of illegal drugs.
“Our country is full. Our area is full. The
sector is full,” Trump said at a briefing on
border security in Calexico, California, last
Friday. “Can’t take you anymore. I’m sorry,
turn around, that’s the way it is.”
Last week, Trump threatened to close
the US border with Mexico to stop a spike
in migration. Customs and Border Protec-
tion apprehended 66,450 who crossed the
border illegally in February, an increase of
more than 18,000 from the month before,
and Homeland Security Secretary Kirstjen
Nielsen has said apprehensions approached
100,000 in March.
Trump backed down after business lead-
ers and Republican lawmakers raised con-
cerns about economic damage from clos-
ing the border. Instead, he said he would
impose tariffs on Mexican-built cars if the
country does not stem the flow of migrants
and illegal drugs over the border in a year.
“I’m totally willing to close the border
but Mexico over the last four days has done
more than they’ve ever done,” Trump said
in Calexico. “Apprehending people by the
thousands and bringing them back to their
countries.”
Mexican officials have said their immi-
gration policies and enforcement practices
have not changed last week.
Before departing the White House, Trump
reiterated threats to hammer Mexico with
tariffs or close the border if the country “stops
apprehending and bringing the illegals back
to where they came from.”
He also said in a tweet he’s “looking at
an economic penalty for the US$500 bil-
lion (RM2.05 trillion) in illegal drugs that
are shipped and smuggled through Mexico
and across our Southern Border.”
In his third trip to the border this year,
Trump viewed a portion of the wall in the
city of Calexico, about 193km east of San
Diego, and meet with local law enforcement,
a setting he typically uses to reiterate his
promises to crack down on undocumented
immigration.
M ON DAY AP RI L 8, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
Barriers that mostly predate Trump’s pres-
idency, ranging from 18ft (5.5m)-tall iron
fencing to makeshift vehicle obstacles and
barbed wire, span 654 miles (1,053km) of the
almost 2,000-mile US-Mexico border, most-
ly in California, Arizona and New Mexico.
Congress last year approved US$641 mil-
lion for 33-37 miles of new fencing in Texas,
and work on it began in mid-February. On
Feb 14, Congress approved US$1.375 billion
for about 55 miles of new fencing in Texas,
but with restrictions such as using only cur-
rent designs. Trump has said he will take
billions more from elsewhere in the budget
under an emergency declaration and use it
for wall construction.
Trump’s Calexico visit came at the end
of a tumultuous week that laid bare the
president’s growing frustration and limita-
tions in controlling the US southern border.
The administration’s botched efforts have
ranged from an attempt to deter migration
by separating migrant children from their
families to ultimatums against Mexico that
have proved too costly to enforce. Trump
also withdrew his nominee to run Immigra-
tion and Customs Enforcement in order to
appoint someone “tougher.”
In an interview with Fox News taped at
the border last Friday and aired on Satur-
day, Trump rejected the idea of calling an
immigration “summit” with Mexican Pres-
ident Andres Manuel Lopez Obrador and
the leaders of Honduras, Guatemala and
El Salvador.
“No, I don’t need a summit,” Trump said.
“We’ve done very well without the summit.”
He noted that his administration moved a
week ago to cut foreign assistance to the
three so-called “Northern Triangle” coun-
tries in Central America.
Changing course
After the outcry from businesses and law-
makers, Trump abruptly changed course
on closing the border.
“I don’t think we’ll ever have to close the
border because the penalty of tariffs on cars
coming into the United States from Mexico
at 25% will be massive,” Trump told reporters
at the White House last Thursday.
Trump has hammered on immigration
since the day he launched his presidential
campaign in 2015. It has remained one of
the most divisive issues of his presidency
CON T I N UES N EX T PAGE
MONDAY AP R I L 8 , 20 1 9 • T HE ED G E FINA NCIA L DA ILY
FROM PR EV I O U S PAG E
and will certainly feature prominently in his
2020 re-election campaign. That has been
foreshadowed by rising tensions in recent
weeks, as increasing numbers of migrants
— including an unprecedented number of
families and unaccompanied children —
have sought to cross into the US.
Nielsen said last Monday that the admin-
istration will expedite the return of migrants
to Mexico and speed up plans to deploy ad-
ditional personnel to the border. Nielsen,
who visited the border and met with officials
in Texas and Arizona last week, cancelled
plans to attend security meetings in France
this week in order to accompany Trump to
Calexico, an official said.
“Next step is to close the Border!,” Trump
tweeted on March 29, calling on Mexico to
stop migrants trying to reach the US, where
“detention areas are maxed out.” But by
last Tuesday, he suggested on Twitter that
Mexico was heeding his demand: “Mexico
is apprehending large numbers of people
at their Southern Border.”
“Mexico, if they stop the people from
coming in, we won’t have a lot of people
coming at the border,” Trump said in the
Fox News interview.
Senator Jeff Merkley, an Oregon Dem-
ocrat, told CNN last Friday morning that
Trump is to blame for the recent surge of
people trying to cross the border into the
US by creating a self-fulfilling crisis.
“More are coming because of the presi-
dent’s threats to use a national emergency
to seal the border,” Merkley said.
Mexican Foreign Minister Marcelo Ebrard
told reporters he did not know what prompt-
ed Trump’s message. Mexico’s migration pol-
icy has been consistent under Ebrard, and
there are no plans to change it, Ebrard said.
Trump’s border threats snarl traffic as waiting times climb
BY M I C H A EL HI RT ZER & T HOM AS BLACK
IT’S become a complete mess for trucks
hauling goods from Mexico to the US,
snarling transport at some of the busiest
border crossings in the world.
A week of heated threats from US Pres-
ident Donald Trump to close the border
means Mexican companies are rushing to
send as much cargo into the US as they
can, in case of a shutdown that would
limit trade. Meanwhile, as many as 750
US Customs and Border Protection of-
ficers were reassigned to border patrol
sectors in late March, crimping the staff-
ing needed to allow for the flow of goods
from south to north.
As a result, wait times to cross the bor-
der have soared and can be as many as 10
hours longer than usual.
Trump said in a tweet there will be
traffic and commercial delays “with the
large scale surge of illegal migrants trying
to make their way into the United States,”
adding that “until Mexico cleans up this
ridiculous & massive migration, we will
be focusing on Border Security, not Ports
of Entry.”
With trucks getting stuck at the border,
Mexican companies are being forced to
pay more to bring in additional vehicles
for loading shipments. While the US has
yet to see meaningful shortages in goods
from Mexico, prices for at least one import
— avocados — have soared amid worries
over a border closure. Buyers of berries,
limes and asparagus are making plans to
limit potential fallout from such a shutdown.
“The delays have doubled, tripled,
quadrupled — it’s not an exact science,”
said Jaime Castaneda, vice president for
trade policy at the US Dairy Export Coun-
Border closing
Closing US entry points would have
far-reaching economic consequences and
hinder US$1.7 billion in daily cross-bor-
der trade. Supply chains are closely inte-
grated between the two countries, par-
ticularly in the auto industry. Carmakers
and farmers, who have already been hit
by Trump’s trade war with China, would
suffer. The price of avocados already
spiked last week.
The US, Canada and Mexico last year
concluded a revision of the North Amer-
ican Free Trade Agreement that would
limit US auto tariffs against Mexico. The
agreement is pending congressional ap-
proval. Trump indicated that he did not
care whether the tariffs he threatened
would violate the new trade deal, called
the US-Mexico-Canada Agreement, say-
ing Mexico would have to “live with it”.
Putting tariffs on Mexico-built autos
would risk hurting companies including
General Motors Co and Fiat Chrysler Au-
tomobiles NV, which import key models
from the country including Chevrolet,
GMC and Ram full-size pickups. The US
imported 41% more vehicles last year than
in 2014, according to Commerce Depart-
ment data.
Trump has also sparred with Congress
on border security and is calling on law-
makers to revamp what he calls the worst
immigration laws in the world. In Febru-
ary, he declared a national emergency to
fund the construction of a border wall, after
causing a 35-day government shutdown,
the longest in US history, in a failed bid to
get Congress to allocate the money. Law-
makers voted to oppose the declaration,
prompting Trump to issue the first veto
of his presidency. — Bloomberg
Trucks waiting in a long queue for border customs control to cross into the US at the World Trade Bridge in Nuevo Laredo, Mexico on Saturday. Photo by Reuters
cil. Lane closures and weekend shutdowns
are adding to delays, he said.
The wait times are especially long in El
Paso, Laredo and the San Diego area, said
Ben Enriquez, senior vice-president of Mex-
ico for Transplace, a logistics service provid-
er. In El Paso, it is taking as long as 12 hours
to cross into the US, up from about one to
two hours on a normal day, he said. Usual-
ly when one port has congestion problems,
trucks can be re-routed to other crossings,
House Democrats sue to block
spending on Trump’s border wall
BY ANDRE W HARRI S & K ARTI K AY ME H ROT R A
THE Democrat-led US House of Repre-
sentatives sued to block President Donald
Trump from tapping as much as US$8.1 bil-
lion (RM33.1 billion) for the start of construc-
tion of a wall along the nation’s southern
border, saying Congress never authorised
the expenditure.
“Even the monarchs of England long ago
lost the power to raise and spend money with-
out the approval of Parliament,” the Demo-
crats said in a complaint filed in Washington.
The lawsuit capped a flurry of legal activity
by opponents of Trump’s February declara-
tion of a national emergency meant to give
the president access to funding previous-
ly denied him by lawmakers. The standoff
over the money triggered a record 35-day
partial shutdown of the US government and
to Trump’s first-ever veto, after lawmakers
passed a resolution disapproving of his emer-
gency proclamation.
White House spokesman Hogan Gidley
did not immediately respond to a request for
comment on the Congressional suit.
Last Thursday, the Sierra Club and then a
20-state coalition escalated their fights against
the wall construction with requests to US Dis-
trict Judge Haywood Gilliam in Oakland, Cal-
ifornia, for an immediate order blocking the
administration from diverting money, mostly
from military budgets, to fund wall projects.
The president’s “disregard of the will of
Congress and violation of fundamental sep-
aration of powers principles,” is at the core of
but now almost all entry points are confront-
ing similar issues.
“The shippers try to push as much freight
as possible and, at the same time, you have
fewer officers” from US Customs, Enriquez
said. “So, it’s not a good combination.”
The delays are tying up trucks at the bor-
der that usually head back south with a load
and then are ready to pick up freight again
at factories in the interior of Mexico. That
is causing Mexican companies to pay ex-
FO CU S 17
the request for a preliminary injunction, the
states said. “Congress unequivocally rejected
the president’s requested appropriation for
a border wall, only for the president to then
order the diversion of federal funds from
other sources towards the very project that
Congress rejected.”
Trump’s emergency declaration is the
subject of at least five separate lawsuits. The
Justice Department fired back at two of them
earlier last week, saying in a court filing that
they “raise political questions that courts
are not equipped to answer” and should be
thrown out.
Trump declared the southern border
emergency after Congressional Democrats
refused to provide US$5.6 billion in funding
as he demanded, sparking the shutdown.
Congress later allocated US$1.4 billion for
border security.
The Democrats are attempting to block
the March 25 reallocation of US$1 billion
originally earmarked for spending on the
military and any subsequent transfers, and
also want a judge to declare the transfers
unconstitutional.
The president has defended the decree as
needed to stanch the flow of Central Amer-
ican migrants into the US from Mexico. His
administration has not formally responded
to the cases before Gilliam, an appointee of
former President Barack Obama.
The states asking for an immediate in-
junction include California, Connecticut,
New Jersey, New York, Massachusetts and
Vermont. — Bloomberg
tra to bring in empty trucks to load those
goods, he said.
So far, the delays have been primarily
for cargoes moving north and are not yet
impacting southbound shipments of US
goods like meat and dairy. Mexico is the
top buyer of American pork.
“Obviously, we want the ports of en-
try running smoothly,” said Joe Schuele,
vice-president of the US Meat Export Fed-
eration. — Bloomberg
18 WORLD
May seeks new Brexit blueprint
She defends her decision to ask archrival Corbyn to help draft it
BY JAMES LUDDEN
NEW YORK: Prime Minister Theresa
May defended her decision to ask
archrival Jeremy Corbyn to help
draft a new blueprint for Brexit,
and warned the UK might never
leave the European Union (EU) if he
does not back a compromise plan.
“The longer this takes, the greater
the risk of the UK never leaving at all,”
May said in a statement. “It would
mean letting the Brexit which the
British people voted for slip through
our fingers. I will not stand for that.”
May is battling to contain a back-
lash from within her Conservative
EU, China
struggle to agree
on summit
statement
BRUSSELS: China’s refusal to give
the European Union (EU) solid
commitments over access to its
markets is preventing the two
sides from agreeing on a joint
statement for a high-profile sum-
mit this week, European sources
said last Friday.
Top EU leaders will sit down
for talks in Brussels with Chinese
Premier Le Keqiang tomorrow but
it looks increasingly likely there
will be no common declaration at
the end, dealing a blow to hopes
the meeting could yield a break-
through in Europe’s complex re-
lationship with the Asian giant.
The EU is seeking to build on
“points of convergence” with
China, its second biggest trad-
ing partner.
EU Council president Don-
ald Tusk has told member states
they should reject a draft summit
statement, a source told AFP,
“given that China has not deliv-
ered on key EU expectations and
demands, including ensuring
market access and a level play-
ing field for European companies
operating in China.”
The source complained there
was also a “lack of Chinese com-
mitment” to serious World Trade
Organization reform that would
include industrial subsidies — a
key demand of the EU, which says
Beijing gives unfair support to its
industries.
A senior EU diplomat con-
firmed that talks to agree on a
joint statement had foundered
on the issues of market access
and WTO reform.
Ahead of the summit, the Eu-
ropean Commission last month
labelled China a “systemic rival”
and presented a 10-point plan
proposing a more assertive re-
lationship with Beijing, which
French President Emmanuel
Macron welcomed as a belated
awakening. — AFP
Party over her decision to work with
Labour Party leader Corbyn, some-
one she has spent three years derid-
ing. Coming up with an acceptable
compromise to her own lawmakers
in response to the 2016 referendum
has been beyond her, and the dead-
lock shows no sign of being resolved
by reaching out to the opposition.
May badly needs a breakthrough
in London before she travels to Brus-
sels on Wednesday. She has request-
ed an extension to the Brexit process
until June 30, but says if members of
parliament agree to a deal, the UK
should be able to leave before Eu-
ropean parliamentary elections are
Facebook, Instagram, others could
face fines under new UK law
BY KITTY DONALDS O N
LONDON: Technology firms in-
cluding Facebook, Instagram and
Twitter face “substantial” fines or
a UK ban under a new law if they
do not act swiftly enough to remove
content that encourages terrorism
REUTERS
Yellow Vest protesters focus on Paris business district
BY ALAN KATZ
PARIS: Yellow Vest protesters
marched to the La Defense busi-
ness park in Paris to denounce “the
art of tax optimisation,” keeping
France’s weekend demonstrations
alive amid a big police presence.
About 6,300 demonstrators na-
tionwide, including 3,100 in Paris,
were on the streets on Saturday af-
ternoon, the 21st weekend in a row
of protests, according to the interior
ministry. That compared with 5,600
last week.
Large areas of Paris and sev-
eral regional cities have been de-
clared off limits to the protesters
since an eruption of violence last
month, when anarchists sacked
and burned stores and restaurants
on the Champs-Elysees boulevard.
held on May 23. Education Minister
Nadim Zahawi told the BBC that
taking part in those elections would
be a “suicide note” for the Conserv-
ative Party.
May sought to underline that
both main political parties have a
lot of common ground to secure
an agreement.
“We both want to end free move-
ment; we both want to leave with
a good deal, and we both want to
protect jobs,” she said.
But her efforts to forge a com-
promise across political boundaries
look to be dribbling into the sand.
The Labour Party says May has not
and child sexual exploitation and
abuse.
The companies’ directors could
also be held personally liable if
illegal content is not taken down
within a short and predetermined
time frame, the Home Office said.
The exact level of fines will be ex-
amined during a 12-week consul-
tation following the legislation’s
launch today. The spread of fake
news and interference in elections
will also be tackled.
The need for a new law over a
voluntary code has been high-
lighted by the terrorist attack
in New Zealand last month in
which 50 Muslims were killed
while the footage was live-
streamed online. In the UK,
the case of 14-year-old Molly
Russell has also focused minds.
According to her father, the teen-
ager killed herself in 2017 after
viewing self-harm and suicide
content online.
Scuffles broke out on Saturday
between police and protesters in
Rouen, AFP reported. Paris police
searched more than 10,000 people
at various locations as a preventive
measure and arrested 28, AFP said.
The Yellow Vest protests began
in November, at first against gas-
oline taxes before morphing into
a general malaise about issues
ranging from the lack of public
services in small towns to Pres-
ident Emmanuel Macron’s gov-
erning style.
Some founders of the disparate
movement have kept their distance
from recent protests as they radical-
ised, and efforts to create a political
party failed due to sniping between
factions and the resistance of grass-
roots activists to any idea of leader-
ship. — Bloomberg
M ON DAY AP RI L 8, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
offered “real change” to her Brexit
deal that parliament has rejected
three times — by chunky margins on
each occasion. Labour’s key demand
is for a customs union with the EU.
According to the Sunday Times,
May is prepared to cede some
ground. She will offer to rewrite
the government’s withdrawal bill to
make sure a customs arrangement is
enshrined in law, a move that would
be hard for a future eurosceptic PM
to retract after May steps down.
Also, her aides have discussed
offering Labour a seat in her delega-
tion to Wednesday’s EU summit, the
newspaper reported. — Bloomberg
“Put simply, the tech companies
have not done enough to protect
their users and stop this shock-
ing content from appearing in the
first place,” Home Secretary Sajid
Javid said in a statement released
by his office. “Our new proposals
will protect UK citizens and ensure
tech firms will no longer be able
to ignore their responsibilities.”
Search engines alongside online
messaging services and file hosting
sites will also come under the remit
of a new regulator. Annual reports
on what companies have done to
remove and block harmful con-
tent will be required and stream-
ing sites aimed at children, such
as YouTube Kids, will be required
to block harmful content such as
violent imagery or porn.
The move comes after Facebook
chief executive officer Mark Zuck-
erberg (pic) called on March 30 for
“a more active role for governments
and regulators.” — Bloomberg
Riot police officers standing guard as Yellow Vest protesters gathered at the financial
district of La Defense in Paris, France, on Saturday. About 6,300 demonstrators
nationwide, including 3,100 in Paris, were on the streets on Saturday afternoon, the
21st weekend in a row of protests. Photo by Reuters
Australia may
head to polls
on May 18
BY C H E L S E A ME S
SYDNEY: Australia will proba-
bly head to the polls on May 18
with Prime Minister Scott Mor-
rison expected to wait another
week to call a federal election,
local media reported yesterday.
Morrison chose not to visit
the governor-general in Can-
berra yesterday, AAP reported,
a move that effectively ruled out
a May 11 election. Sky News re-
ported the government had opt-
ed against the earlier date due
to a number of public holidays
that could affect early voting. The
opposition Labor Party called
that explanation “just absurd.”
“The only reason why this is
occurring is so that they con-
tinue their roll-out of taxpay-
er-funded advertising,” Labor
Party member of parliament
Anthony Albanese told Sky News
yesterday morning. Albanese
said he estimated the ruling Lib-
eral-National government was
spending more than A$600,000
(RM1.73 million) a day on polit-
ical advertising.
“Money is being spent in
accordance with approved pro-
cesses,” Treasurer Josh Fryden-
berg told ABC’s Insiders pro-
gramme yesterday. “That’s all
transparent.”
The delay in calling a vote
would allow coalition lawmak-
ers to gauge support in the elec-
torate for the federal budget,
AAP said. Morrison’s govern-
ment delivered its budget last
week, pledging sweeping tax
cuts mostly aimed at the mid-
dle class and a spending spree
on transport infrastructure.
Polls show the Labor Par-
ty, led by former union boss
Bill Shorten, is poised to win
power. Shorten, 51, has prom-
ised to implement reforms that
would help eliminate genera-
tional inequality, skewed by
a tax system that Labor Party
claims has unfairly favoured
baby boomers. — Bloomberg
MONDAY AP R I L 8 , 20 1 9 • T HE E D G E FINA NCIA L DA ILY
W O R L D 19

Trump mocks
Muslim
lawmaker
in speech
BY A LYZ A SEB ENI U S
WASHINGTON: US President
Donald Trump made a sarcas-
tic reference to Representative
Ilhan Omar during a speech
in Las Vegas, a day after pros-
ecutors said a New York man
was arrested for threatening to
murder the freshman Minne-
sota Democrat.
Trump snuck in the line
about Omar minutes into a
speech to the Republican Jew-
ish Coalition as he ran through
a list of Republican lawmakers
and others supportive of Israel.
“Special thanks to Repre-
sentative Omar of Minnesota,”
Trump said. “Oh, I forgot. She
doesn’t like Israel. I forgot. I’m
so sorry.”
Patrick Carlineo Jr, 55, of Ad-
dison, New York, was arrested
and charged with threatening to
assault and murder the Muslim
lawmaker in a phone call with
one of her staffers on March 21,
the US Department of Justice
said in a statement last Friday.
Omar, one of the first two
Muslim congresswomen elect-
ed to the House, has faced a
backlash from Republicans and
many Democrats for comments
US, China to keep working
on trade deal after latest talks
Future negotiations will be conducted in ‘various ways’ — report
BY ROS KR ASNY & M IAO HAN
WASHINGTON/BEIJING: China
and the US made progress towards
a much-anticipated trade deal in their
latest meetings and would keep talk-
ing on the remaining issues, the state-
run Xinhua news agency reported.
High-level US and Chinese offi-
cials met in Washington over the past
few days, hard on the heels of discus-
sions in Beijing the previous week.
Future talks would be conducted in
“various ways”, Xinhua reported on
Saturday, without providing details.
Chinese negotiators, led by Vice
Premier Liu He, and their US coun-
terparts wrapped up the latest set of
talks last Friday. They discussed the
text of an agreement regarding tech-
nology transfers, intellectual proper-
ty protections, non-tariff measures,
services, agriculture, trade balance
and enforcement, Xinhua said.
Xinhua said in a separate com-
mentary last Friday that “the remain-
ing issues are all hard nuts to crack”.
Larry Kudlow, US President Don-
ald Trump’s top economic adviser,
said last Friday that negotiators plan
to “be in touch” by phone this week.
“There is no let-up,” he said in an
interview on Bloomberg TV.
The White House released a
statement last Friday saying that
while progress had been made,
“significant work remains, and
the principals, deputy ministers,
and delegation members will be
in continuous contact to resolve
outstanding issues”.
Trump, speaking to reporters
last Friday, hailed the latest round
of talks as a “big success” but said
he did not want to predict whether
a deal would be reached.
The president said before meet-
ing Liu last Thursday in the Oval
Office that the US and China were
close to an agreement, with an an-
nouncement possible in the next Trump (right) meeting with Liu in the Oval Office of the White House in Washington last
four to six weeks. — Bloomberg Thursday. Photo by Reuters

Netanyahu floats West Bank annexation in next term

this year on Israel, including a
suggestion that support for the
Jewish state was influenced by
financial support by the pro-Is-
rael lobby and in some cases
amounted to “allegiance to a
foreign country”. — Bloomberg
Iran urges Iraq
to force out US
troops ‘as soon
as possible’
BY A LYZ A SEB ENI U S
DUBAI: Iran’s top leader Aya-
tollah Ali Khamenei urged
Iraq on Saturday to demand
US troops to leave “as soon as
possible”, during a visit by Ira-
qi Prime Minister Adel Abdul
Mahdi that showed off Tehran’s
strong influence in Baghdad
despite US pressure.
Iran and the US have been
competing for clout in Iraq
since the US-led invasion in
2003 that toppled dictator
Saddam Hussein, an enemy
of both countries.
Many of Iraq’s leaders, from
its Shi’ite majority, have close
ties with Iran, the main Shi’ite
power in the Middle East.
“You must make sure that
the Americans withdraw their
troops from Iraq as soon as pos-
sible because expelling them
has become difficult whenever
they have had a long military
presence in a country,” Khame-
nei was quoted as saying by
state media. — Reuters
BY IVAN LEV INGSTON
TEL AVIV: Israeli Prime Minister
Benjamin Netanyahu said he would
extend sovereignty to areas of the
West Bank, an incendiary gambit
Israeli leaders have avoided for
half a century, just days ahead of
national elections.
Asked in a TV interview on Sat-
urday why he had not annexed
Indonesia presidential race heats up amid mass campaign rallies
BY KAR LIS SALNA & ARYS ADI TYA
JAKARTA: Indonesian presiden-
tial candidate Prabowo Subianto
called for change in a rally yes-
terday, talking down the govern-
ment’s economic performance as
competition heats up ahead of an
election next week.
Indonesia goes to the polls on
April 17 in a contest that pits the
incumbent Joko Widodo (Joko-
wi) against the contender with the
economy being the focal point in
the race.
Prabowo, a former general
whom President Jokowi beat in
the 2014 election, told a rally at a
stadium in Jakarta that Indonesia’s
“wealth is robbed continuously,
taken and sent abroad”, and that
the leakage would cost the coun-
try 10,000 trillion rupiah over the
next five years.
“Indonesian people are fed up,
want improvement, want change,”
Prabowo said. He put the number of
people at the rally at “more than a
settlements although he has been
in power for almost a decade, Ne-
tanyahu promised his next term
would be “fateful”.
The declaration seemed aimed
squarely at right-wing voters whose
support Netanyahu needs to secure a
fifth term tomorrow, and can distract
attention from his potential indict-
ment on bribery and fraud charges
in a swirling corruption investigation.
Prabowo speaking
during a campaign
rally at the Gelora
Bung Karno
Main Stadium in
Jakarta, Indonesia
yesterday. Photo
by Reuters
million” although that figure could
not be verified.
The latest polls have Jokowi on
track to win, with a Roy Morgan
survey last Wednesday putting
support for him at 56.6%. Still,
Prabowo has closed the gap in
recent weeks on the back of a
“I am going to apply sovereign-
ty, but I don’t distinguish between
settlement blocs and isolated set-
tlement points,” Netanyahu said.
“From my perspective, each of
those settlement points are Israeli.”
Netanyahu’s statements are ei-
ther historic — or another in a long
line of inflammatory proclamations
he has made before elections, and
later walked back. That he raised
promise to lower prices and to
get “a better deal” in trade with
China. Some surveys have esti-
mated about 10% of voters remain
undecided.
Southeast Asia’s biggest econo-
my has been growing at about 5%,
below the 7% targeted by Jokowi
annexation of the West Bank — the
50-year dream of the Israeli right,
the ultimate red line for Palestinians
and other Arab nations and much
of the world — shows the upcom-
ing election is as tight as possible.
Polls show a close race between
Netanyahu’s Likud party and the
centrist Blue and White bloc led
by former army chief Benny Gantz.
— Bloomberg
when he came to office in 2014.
Meanwhile, inflation eased to 2.48%
last month, the slowest pace of price
growth since 2009.
The two candidates have a series
of mass rallies planned before a
campaign blackout period begins
on April 14. — Bloomberg
20 H O M E B U S I N E S S M ON DAY AP RI L 8, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

WEEK
IN FOCUS
1 Yang di-Pertuan Agong Al-Sultan
Abdullah Ri’ayatuddin Al-Mustafa Billah
Shah Sultan Ahmad Shah Al-Musta’in
Billah (right) being welcomed by CIMB
Islamic Bank Bhd chief executive officer
Mohamed Rafe Mohamed Haneef (left)
to CIMB Islamic Bank’s booth at the
Malaysia International Halal Showcase
2019 in Kuala Lumpur on April 5.

2 Maybank Investment Bank Bhd

(Maybank IB) won the Mudarabah
Deal of the Year for Yinson TMC
Sdn Bhd’s RM950 million perpetual
sukuk and Musharakah Deal of
the Year for UMW Holdings Bhd’s
RM1.1 billion perpetual sukuk at the
Islamic Finance News Deals of the
Year Awards 2018 in Kuala Lumpur
MAYBANK E-WALLET MAE ... Malayan Banking Bhd (Maybank) featured its Maybank Anything Everyone (MAE) e-wallet the Karnival Kewangan in recently. The awards honour the best
Islamic finance deals and recognise
Kuala Terengganu, Terengganu from April 4 to 6. The new feature enables users to open an account via their mobile phone as well as allow them to start a banking
those who have participated in the
relationship online via the Maybank app in less than five minutes. Seen here are at the Maybank booth (from left) Maybank head of community financial services
the industry’s most groundbreaking
Malaysia Datuk Hamirullah Boorhan, Terengganu Menteri Besar Dr Ahmad Samsuri Mokhtar, Bank Negara Malaysia assistant governor Abu Hassan Alshari Yahaya
transactions each year. Winners in
(behind Ahmad Samsuri), and Maybank Islamic Bhd chief executive officer Datuk Mohamed Rafique Merican.
every category are determined by a
panel of experts from non-competing
organisations. Seen here are Maybank
IB head of debt capital markets Tengku
Ariff Azhar (fifth from left), its chief
executive officer Fad’l Mohamed (sixth
from left), managing director for client
coverage Kevin Davies (seventh from
left) together with the Maybank IB team.

3 CIMB Asean Research Institute (Cari)

chairman and Asean Business Club
president Tan Sri Dr Munir Majid (fourth
left) and HE Ambassador of Sweden to
Malaysia Dag Juhlin-Dannfelt (far right)
with (from left) Universiti Kebangsaan
Malaysia associate professor of the
Institute of Malaysian and International
Studies professor Dr Kuik Cheng-
Chwee, Sweden’s Ministry of Foreign
1 2 Affairs, deputy director-general and
head of department for Asia and
Oceania Dr Cecilia Ruthstrom-Ruin,
Penang Institute executive director
Datuk Dr Ooi Kee Beng, senior vice-
president and head of Asia and Oceania
of Business Sweden Tobias Glitterstam,
and Malaysia-China Chamber of
Commerce honorary adviser Ng Lip
Yong, at a roundtable on “How does
Asean navigate the new trade [Dis]
order?”, organised by Cari in partnership
with the Embassy of Sweden in Malaysia
in Kuala Lumpur on April 1.

4 VIPs in attendance at WWF-Malaysia’s

Earth Hour Alor Setar night run launch
which included Kedah Menteri Besar
Datuk Seri Mukhriz Mahathir (fourth
from right) and WWF-Malaysia
3 4 executive director and chief executive
officer Sophia Lim (extreme left) on
April 2. — Photo by Bernama

5 Permodalan Nasional Bhd president

and group chief executive officer Datuk
Abdul Rahman Ahmad (ninth from
left) in Kuala Lumpur recently with
corporate partners of Minggu Saham
Amanah Malaysia 2019 (April 19 to 25)
in Sungai Petani, Kedah.

6 (From left) Entrepreneur Development

Minister Datuk Seri Mohd Redzuan
Md Yusof presenting the excellence
in the workplace award at the Asean
HR Awards 2019 in Kuala Lumpur,
on April 4 to AirAsia Bhd head of
facilities Catherine Kok, witnessed by
NiagaTimes adviser Datuk R Rajendran
5 6 at the Asean HR Awards 2019.
MONDAY AP R I L 8 , 20 1 9 • T HE E D G E FINA NCIA L DA ILY
Two hot-sauce fortunes 8,000 miles
apart are poised to collide
Both are faced with different tastes and brand loyalties
BY S O PH I E A L EXA N D ER
& R A N DY T HA N THON G- KN I G HT
S
elling “a rich man’s sauce
at a poor man’s price” has
made David Tran a very
wealthy man.
The 73-year-old Viet-
namese refugee is respon-
sible for bringing Sriracha to Ameri-
can consumers.
After settling in Los Angeles (LA)
in 1979, Tran founded Huy Fong
Foods Inc, named for the Huey Fong
boat that brought him to the US, and
started making hot sauces for local
Asian restaurants.
He earned US$2,300 in the first
month of selling his creations out
of a blue van hand-painted with the
brand’s iconic rooster.
(Tran, who is ethnically Chinese,
was born in the Year of the Rooster.)
Now, almost four decades lat-
er, Huy Fong controls 9.9% of the
US$1.55 billion (RM6.34 billion)
American hot-sauce market, ac-
cording to IBISWorld, an industry
researcher.
“I never thought that it would be
so popular. When I left Vietnam I
didn’t know how it would be tomor-
row, so today God bless me,” said
Tran, who owns the company with
his family.
The Huy Fong factory in Irwindale,
California, about 20 miles (32km) east
of downtown LA is a pristine facility
with silver conveyor belts that each
day shuttle hundreds of thousands
Singapore’s ‘fake news’ laws upset tech giants
BY T H EO D O RE L I M
TECHNOLOGY giants have reacted
with horror after Singapore pro-
posed laws against “fake news”
allowing authorities to order the
removal of content and impose
hefty fines, which critics say is an
assault on free speech.
The government unveiled a Bill
last week containing tough meas-
ures, including powers for ministers
to order social media sites like Face-
book to put warnings next to posts
authorities believe to be false and
in extreme cases take them down.
If an action is deemed malicious
and damaging to Singapore’s inter-
ests, companies could be hit with
fines of up to S$1 million (RM3
million).
Individuals could face jail terms
of up to 10 years.
Authorities in the tightly-con-
trolled country — long criticised
for restricting civil liberties — in-
sist the measures are necessary to
stop the circulation of falsehoods
which could sow divisions in the
multi-ethnic city-state.
of bright red bottles of Sriracha and
their distinctive green caps into card-
board boxes.
The factory, which operates up
to 16 hours a day most days of the
week, uses 100 million pounds of
chillies each year. That is enough
spice to irritate the senses of some
Irwindale neighbours.
More than 8.000 miles (12,875km)
away in a suburb of Bangkok, factory
workers toil without air conditioning
as forklifts roll through 90-degree
heat hauling boxes of the same kind
of chilli sauce—this one with a red
and yellow label and called Sriraja
Panich.
Most Americans have not heard
of the Thai brand, which claims to be
the original Sriracha recipe, and that
is something the family behind the
sauce is hoping to change.
“If we can get just 1% of market
share in the US, that would already
be huge for us,” said Bancha Win-
yarat, the 33-year-old vice president
of Thaitheparos pcl, which makes
Sriraja Panich.
Sriracha was first made about 80
years ago by Thanom Chakkapak, a
woman from Si Racha, Thailand, a
coastal town 73 miles (117km) south
of Bangkok, according to the com-
pany’s website. Bancha’s father pur-
chased the Sriraja Panich recipe from
Thanom in 1984 — a year after Tran
started making his own version of
the sauce in Los Angeles.
Soy sauce makes up the bulk of
Thaitheparos’s revenue, with chilli
But press freedom groups con-
demned the proposals, saying they
could stifle online discussions, as
did technology companies which
have big investments in the ul-
tra-modern city
“As the most far-reaching legisla-
tion of its kind to-date, this level of
overreach poses significant risks to
freedom of expression and speech,”
said the Asia Internet Coalition, an
industry association whose mem-
bers include Facebook, Google and
Twitter.
Simon Milner, Facebook’s
vice president of public policy in
Asia-Pacific, said the social media
giant is concerned about poten-
tially being compelled to remove
contents.
“Giving people a place to ex-
press themselves freely and safe-
ly is important to us and we have
a responsibility to handle any
government request to remove
alleged misinformation careful-
ly and thoughtfully,” he said in a
statement.
The Internet is a relatively free
space in Singapore and there are
Tran: It’s very easy to make the sauce if you have fresh chillies. Photo by Bloomberg
sauce accounting for just 5%, but it’s
still the most popular local brand,
Winyarat said.
“It’s the taste that people around
here are familiar with,” he said.
As Huy Fong’s Tran, the king of
American Sriracha, expands in Asia
and Thaitheparos targets the US mar-
ket, both are faced with different
tastes and brand loyalties. Tran’s
Sriracha uses fresh red jalapenos
from across the US while the less
viscous Sriraja Panich uses cayenne
peppers from northern and central
Thailand. Tran said he has never
tried Sriraja Panich.
“I like the Thai version more, but
maybe that’s because I’m used to the
taste. But I think Americans might
some local alternative news sites,
which are typically more critical of
the authorities than the traditional,
pro-government newspapers and
television.
Singapore is among several
countries pushing legislation to
fight fake news, and the government
stressed ordering “corrections” to
be placed alongside falsehoods
would be the primary response,
rather than jail or fines.
A government decision can also
be appealed to the courts.
‘Courts will decide’
Law and Home Affairs Minister
K Shanmugam said in a Facebook
post that “the proposed law tar-
gets false statements of fact — not
opinions, not criticisms.
“Ultimately, disagreement over
truth and falsity will be decided by
the court,” he said.
Google, Facebook and Twitter
have their Asia headquarters in Sin-
gapore, a city of 5.6 million which
is popular with expatriates as it is
developed, safe and efficient.
But there are already signs of
prefer Huy Fong sauce because it’s
the taste they know,” said Suntaree
Tantichula, a Thai chef at a restaurant
in Evanston, Illinois.
Tran’s Sriracha started out as a
staple on the tables of Los Angeles’
Asian restaurants and grew into a na-
tional phenomenon. How Sriracha
became so popular across the rest
of the country is anyone’s guess, as
Huy Fong has never advertised its
products.
The company’s relative obscurity
is perhaps what helped it stand out
and seem more authentic, said Anna
Amir, an IBISWorld hot-sauce analyst.
The fact that “people hear about it
through word of mouth gives it kind
of a unique edge in an industry with
tensions with technology compa-
nies as the government prepared
to unveil the laws.
During parliamentary hearings
last year about tackling online false-
hoods, Google and Facebook urged
the government not to introduce
new laws.
In November, Facebook refused
a request to remove an article
linking Singapore to a financial
scandal in Malaysia which the
government said was untrue —
prompting the law ministry to say
the firm “cannot be relied upon
to filter falsehoods”.
Critics say one of the most wor-
rying aspects of the new legislation
is that it is up to authorities to de-
cide what is false and what is not.
While the authorities insist de-
cisions can be appealed, Kirsten
Han, the Singapore-based editor
of regional news site, New Nara-
tif, said most people do not have
the resources or will to fight the
government.
“Even if you are convinced that
your Facebook post is right, how
many average Singaporeans would
F E AT U R E 2 1
a lot of advertising,” she said.
When he started the company,
Tran struggled to find fresh chillies,
so making enough sauce for exist-
ing customers was already difficult.
Eventually he found one supplier:
Camarillo, California-based Under-
wood Ranches.
But after 28 years of it being the
exclusive provider of Huy Fong’s chil-
lies, Tran said, a dispute ended the
relationship and Underwood went
on to make its own Sriracha.
For the past few years, the compa-
nies have been enmeshed in a legal
battle over advance payments and
factory equipment. A trial is sched-
uled for April 29 in California Supe-
rior Court.
“It’s very easy to make it if you
have fresh chillies,” said Tran, who
now has three US suppliers.
Tran said he has received multiple
offers for his company, but he said
he will not consider them because
he plans to pass on the business to
his children.
Major condiment brands like
Tabasco, Frank’s Red Hot and Heinz
have introduced their own Sriracha
products. Tran welcomes the new
entrants because Americans’ appe-
tite for Sriracha is insatiable, he said.
“I never worry about where they
are selling more or less because we
are too busy making it. I know that I
cannot make enough of my product
to meet the demand, so let them have
it and work together for the consum-
er,” Tran said. — Bloomberg
appeal to the minister, and then hire
a lawyer and file an application in
the court?” she told AFP.
Human Rights Watch has de-
scribed the Bill as “sweepingly
broad” while critics note Singapore
already has tough laws against se-
dition, defamation and disturbing
racial harmony, that can be used
to police the web.
But it is not yet clear how the
legislation — which is likely to
pass easily through the ruling par-
ty-dominated parliament — will
be used in practice, and some be-
lieve the authorities will wield it
cautiously.
Professor Ang Peng Hwa, from
the Wee Kim Wee School of Com-
munication and Information in
Singapore, thinks the government
will be careful in its implementa-
tion of the law.
“I think, in general, there’s a very
high level of trust in the govern-
ment and its institutions by foreign
entities, and so I don’t see them ...
being too trigger-happy about the
implementation of this Bill,” Ang
said. — AFP
22
live it!
M ON DAY AP RI L 8, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

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

Personal
ASSISTANT
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WORK. LIFE. BALANCE

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EVENTS IN NEW YORK, LAS VEGAS
One of the great party
restaurants is opening
in the Big Apple
BY KATE K RADE R
HaSalon
New York; opening on April 12
Eyal Shani is one of Israel’s top chefs
and the judge of MasterChef Israel. But
he is best known for the raucous wed-
ding-party-style dinners he hosts at
his Tel Aviv restaurant HaSalon, which
happen two nights a week (with two
seatings per night). The first seating is
traditional: a parade of ingredient-fo-
cused dishes served as classical music
plays in the background. At the second
seating, the music gets increasingly
louder, a DJ appears, and the menu
slides into the realm of performance
art. “The first seating is dinner. The
second seating is a party,” said Shani.
Now he is bringing the singular ex-
perience to New York’s Skyline Hotel,
which will open three nights a week,
Thursday through Saturday. A line of
eight cooks working from an open kitch-
en will face the large, low-ceilinged
dining room, with white and silvery
grey bricks, and outfitted with variously
sized tables seating around 120.
The menu will change nightly, but a
typical dinner will begin with squares
of hot focaccia and spicy dip. There will
inevitably be beef carpaccio literally
served on the table: A server wheels a
butcher cart over, throws some sliced
raw meat on the table, and uses a mal-
let to pound it thin.
Shani has well-known affinity for to-
matoes, choosing to serve them “naked”
in his new restaurant: the fruit in varying
stages of ripeness, chopped and drizzled
with Sicilian olive oil and salt. He also
offers pizzas, made with dough that rip-
ples with big air pockets with toppings
like an olive oil-heavy tomato sauce with
mozzarella melted into it. He will also
serve pastas that may range from squig-
gly shaped pici with calamari and burnt
butter (or lamb ragu) to tomato ravioli
with sage butter. The restaurant’s tabun
— a special, pizza-like oven — will be
utilised for roasting whole fish and large
cuts of meat such as rib-eye and sirloin,
which will be drizzled with butter and
herbs before serving.
The wine list will include about 60 bot-
tles, mostly from Burgundy, plus some
selections from the US, Israel, and Italy.
A small selection of liquors, such as cu-
cumber gin, will be on offer, along with
a few food-friendly cocktails. But anyone
who wants a Manhattan or Negroni will
have to go next door, to the soon-to-open
cocktail bar.
Shani said table dancing is to be ex-
pected as the night goes on. “Sometimes
it’s weird — mostly it’s fun — but every-
one says they’ve never had an experience
like it,” he said.

Chef Shani will

bring the party
to New York.

READ Pieces of Me by Natalie Hart. It follows

the story of Emma who did not go to war
looking for love, but Adam was different. He
came home and brought conflict back with
him. Emma had considered the possibility
that her husband might not come home
from war but not that he might change.
This book is available for RM48 at malaysia. Chef
kinokuniya.com. Shani.

MONDAY AP R I L 8 , 20 1 9 • T HE ED G E FINA NCIA L DA ILY
Rosé every
day at The
Poni Room.
The Poni Room
New York; opened last Tuesday
• For everyone who knows rosé sea-
son is year-round, the new dining room
below the destination bar Saxon + Pa-
role (S+P) has arrived. The design group
AvroKO (Beauty & Essex; SingleThread)
created the space from S+P’s former
wine cellar. It seats 36 guests at a mix of
high tables and banquettes. The walls
are decorated with classic-style, Japa-
nese-fabric room dividers made from
coral fabric and velvet, plus flags made
from deconstructed antique horse blan-
kets. The adjoining “beverage room” is
stocked with rosé, for customers who
want to see and Instagram the wine they
are about to drink.
• Chefs Brad Farmerie and Nicole
Pizza in several guises
on offer at BigA.
WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE
In the news
• Shark in Las Vegas: Bobby Flay is open-
ing his first new concept in five years as
part of the Palms Casino Resort’s US$690
million (RM2.82 billion) renovation. The
restaurant is named for Damian Hirst’
famous Shark which sits in the Palms’
lobby bar. “Latin flavours have been the
backbone of my entire cooking career,”
said Flay. His seafood-heavy menu fea-
tures those flavours with such dishes as
cured salmon and egg tostadas with ro-
coto hot sauce and black bean butter; a
skewered taco cooked on a robata grill;
and salmon sashimi with hot smoked
chili dressing, made by a former Masa
sushi chef who has joined the team.
• The return of Zagat: “From the mo-
ment we took control of the brand,
we were interested in bringing Zagat
back to print in some shape or form.
We started hearing from Zagat’s most
loyal fans from day one. It feels good to
have an answer for people,” said Chris
Stang, co-founder and chief executive
officer (CEO) of online restaurant guide
Infatuation, who bought Zagat in 2018.
Zagat 2020 New York City Restaurants
Guide will come out in November to
coincide with the 40th anniversary of
the guide. It is the first print edition
since 2016, and will be open to com-
Japanese-style room
dividers decorate the
subterranean space.
Gajadhar are featuring a seafood menu
that highlights small plates. There are
uni-topped English muffins, barbe-
cued oysters with shrimp-chili paste,
and lobster with pickled mango and
lettuce leaves for wrapping. Skewers
such as seared tuna are accompanied
by green-tea noodles, and prawns with Zagat 2020
Thai chile dipping sauce. Non-seafood New York City
fare includes Forever Crispy Wings with Restaurants
blue cheese aioli. Guide will
• To drink: a selection of 20 different come out in
rosés from around the world, by the November
bottle, pitcher, or on tap. The handful to coincide
of cocktails include the Poni 50/50 (gin, with the 40th
vermouth, cucumber bitters) and a ro- anniversary of
tating boozy slushie. The all-purpose list the guide.
also has red and sparkling wines, soju,
sake, and beer.
BigA Pizza
New York; opened last Wednesday
• BigA is touting a “healthy” version
of the beloved pizza.
• Chef Giovanni Barbieri, who honed
his skills at the Università della Pizza in
Padua, Italy, creates a crispy, light crust.
The secret is “biga”, a 19th-century fer-
mentation process that makes the dough
airy and moist inside.
• Toppings range from classic Margh-
erita to the Gorda (hand-crushed tomato
sauce, fior di latte cheese, spicy salami,
gorgonzola, shaved leeks) and the Veneta
(tomato sauce, fior di latte, spicy sala-
mi, Italian ham, mushrooms). There is a
live it! 23
ments until May 5 at survey.zagat.com.
• The Lincoln Center Alternative In-
vestment Gala: Created to support the
performing arts in New York, such as
Jazz at Lincoln Center and the Metropol-
itan Opera, Honoree Ilana D Weinstein,
founder and CEO of the IDW Group
LLC, and gala chairs Steven A Cohen
of Point72 Asset Management, Bennett
J Goodman of GSO Capital Partners,
Anna Nikolayevsky of Axel Capital Man-
agement, and Steven A Tananbaum of
Goldentree Asset Management LP all
plan to be in attendance on Wednesday.
• Bronx Museum Gala and Art Auction
2019: Swiss Beatz, TK Wonder, and Larry
Ossei-Mensah are headlining the dinner
and art auction today to support art, so-
cial justice, and education. Honourees
include Junko Kobayashi of the Stan Lee
Foundation; gala chairs include ex-Mil-
lennium Partners managing director
Olivia Douglas.
• Edible Schoolyard NYC’s 7th Annual
Spring Benefit: Some of the country’s
top chefs are gathering on April 15 to
raise money for the programme that
partners with the New York City public
school system to teach children about
food. Jake Gyllenhaal is the honorary
co-chair; Momofuku’s David Chang is
the culinary chair. — Bloomberg
Flay is back in
action at Shark in
Las Vegas.
fast-casual-style selection of base crusts,
including a multigrain round pie, a long,
rectangular slab that can serve 20, and
a panini-style bread.
• Barbieri offers a few non-pizza small
plates, including assorted salumi, and
salads, such as sfiziosa with tuna and
hard-boiled eggs.
• For now, it is necessary to bring your
own alcohol. The restaurant expects to
receive a beer-and-wine licence in the
coming weeks.
• The place seats 48, including 10 at the
bar. The corner space has big windows
overlooking the street and an open kitchen
with the vibe of an old school pizza joint.
2 4 S P O RT S
Ko takes one-stroke
lead at ANA Inspiration
She birdied five holes on the front nine to seize the lead
LOS ANGELES: Ko Jin-young bird-
ied five holes on the front nine to
seize slim lead over two other
South Koreans heading into the
final round of the ANA Inspiration,
the first major of the LPGA season.
The 23-year old from Seoul fired
a four-under 68 to lead second
round leader Kim In-kyung as the
Korean juggernaut steamrolled its
way to the top of the leaderboard
‘Quadruple
almost
impossible’
BY K I E RA N C A N N I NG
LONDON: Manchester City
manager Pep Guardiola in-
sisted completing a quadru-
ple of trophies is still “almost
impossible” for the English
champions despite progress-
ing to the FA Cup final with
a 1-0 win over Brighton on
Saturday.
Gabriel Jesus’s solitary early
goal was enough as City failed
to hit top gear against the Sea-
gulls, but still stretched an in-
credible run to 22 wins in 23
games.
Guardiola’s men will re-
turn to Wembley to face ei-
ther Watford or Wolves on May
18 for what they hope will be
the chance to clinch the first-
ever domestic treble in English
football history.
City trail Liverpool by two
points in the Premier League
title race but have a game in
hand and retained the League
Cup in February.
But ahead of the first leg of
their Champions League quar-
ter-final at Tottenham tomor-
row, Guardiola insisted it will
still require a “miracle” to claim
all four trophies.
“I will announce you some-
thing. It is almost impossible to
win the quadruple,” said Guar-
diola. “Surviving in this stage
of the competitions is already
a miracle.
“Still we are there. That’s
why it’s incredible what these
players have done.
“Every game we lose play-
ers but that is normal when
you play a lot of games. We
are going to try until the end
every game.”
Brighton were left to rue a
controversial decision not to
send off Kyle Walker just after the
half-hour mark for a clash with
Alireza Jahanbakhsh. — AFP
at the Mission Hills Country Club
course near Palm Springs, Califor-
nia. Four of the top seven players
are Korean-born.
Ko said she is going to stick to her
game plan going into the fourth round.
“I just have to play golf, 18 holes,”
she said. “I am not nervous, and I
am not afraid.”
Ko’s round was far from perfect
as she stumbled down the stretch
Kupcho wins historic first Augusta National women’s title
BY JIM SLATER
AUGUSTA: American Jennifer Kup-
cho became the first woman to
capture a championship at former
all-male enclave Augusta National
Golf Club, out-duelling Mexico’s
Maria Fassi on Saturday to win at
the famed home of the Masters.
In a dramatic battle between
two 21-year-old US collegiate stars,
Kupcho had three birdies and an
eagle in the last six holes in firing a
five-under par 67 to finish 54 holes
on 10-under 206 for a four-stroke
victory over Fassi, who fired her
third consecutive 70.
“It’s just amazing. It’s just great
to be able to do that,” Kupcho said.
“It’s a feeling I can’t describe.”
Japanese teen Yuka Yasuda and
Yuka Saso of the Philippines shared
a distant third on 214.
The amateur tournament was
the first women’s trophy ever con-
tested at Augusta National, which
Malaysian golfer dies in hotel room during tournament
BY NICK M ULV ENNE Y
HONG KONG: Malaysian golfer
Arie Irawan died of “apparent nat-
ural causes” yesterday in his hotel
room on the Chinese resort island
of Hainan, the PGA tour said in a
statement. He was 28.
Arie, who turned professional
in 2013 and won two events on
the Asian Development Tour
in 2015, had missed the
halfway cut at the Sanya
Championship, the sec-
ond event on the PGA Tour
China Series.
Filepic of Arie teeing off during the first round of the
2017 Maybank Malaysia Championship golf tournament
at Saujana Golf and Country Club outside Kuala
Lumpur last year. Photo by AFP
with a double bogey and bogey on
Nos 14 and 15 respectively to reach
an eight-under 208 total.
The reigning LPGA rookie-of-
the-year led by five strokes at one
stage after sinking a long putt on
the par-four 10th.
But her tee shot on 14 landed in
the water and she dropped further
with a bogey on the next hole which
saw her lead cut to just one stroke.
opened in 1933 but did not admit
its first female members until 2012.
A field of 72 played the first 36
holes at nearby Champions Re-
treat before the top 30 advanced
to the last 18 holes at the famed
Masters layout.
Women’s world amateur No 1
Kupcho, the reigning US college
champion, and Fassi, last year’s
US women’s college golfer of the
“The PGA Tour and the China
Golf Association grieve at the loss
of one of our members and share
sincere condolences with Arie’s
wife, Marina, and his parents, Ah-
mad and Jeny,” the PGA tour state-
ment added.
“When something of this
magnitude occurs in
M ON DAY AP RI L 8, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
“I’m not a robot, I’m human,”
Ko said about the pitching wedge
wobble on 14. “Everyone can do a
miss shot. Doesn’t matter. It hap-
pens sometimes.”
Kim is in sole possession of sec-
ond place and just one stroke back
after shooting a one-over 73.
She struggled on the front nine but
bounced back on the back and closed
with a birdie on the last hole. — AFP
Kupcho (left)
celebrating with the
chairman of Augusta
National Golf Club
and the Masters
Tournament Fred
Ridley after winning
the Augusta National
Women’s Amateur
at Augusta National
Golf Club on Saturday
in Augusta, Georgia.
Photo by AFP
year, staged a dramatic duel in a
historic moment.
Deadlocked with three holes
to play, Kupcho sank a tense 6ft
birdie putt at the par-three 16th
while Fassi missed a short par putt,
leaving the American two shots
ahead. Both parred 17 and Fassi
made bogey at 18 before Kupcho
concluded with a roar-raising 20ft
birdie putt. — AFP
the golf world, we all grieve at the
same time.
“Out of respect for the family, of-
ficials cancelled the final round of
the Sanya Championship, the tour-
nament becoming a 54-hole event.”
The coroner’s report had not been
completed, the statement said.
Arie’s golf career was interrupt-
ed in 2016 when he was involved
in an accident on a moped and
sidelined for several months. He
was ranked 1,366th in the world
this week.
He married Marina Malek
last May and she sometimes
worked as his caddie, even
if Arie admitted that she did
not know much about golf.
“If I make a bad score she
will say ‘it is okay, it is okay’,”
he told Malaysia’s The Star news-
paper last year.
“She keeps me calm, relaxed and
happy so I just go out there and play
golf. That helps me a lot. She has
always been there for me through
the bad and good times.” — Reuters
IN BRIEF
DC United’s Rooney sees
red as Rossi runs riot
WASHINGTON: Wayne Roon-
ey was sent off as DC United’s
unbeaten start to the season
came to an emphatic end with
a 4-0 home defeat to Los An-
geles FC on Saturday. Former
England and Manchester Unit-
ed star Rooney was shown a
red card on 52 minutes after
a dangerous, studs-up tackle
on LAFC’s Uruguayan striker
Diego Rossi, who would go on
to complete a clinical hat-trick.
Referee Robert Sibiga initially
looked to have given Rooney
a reprieve, brandishing only a
yellow card for the tackle. But
after consulting the video as-
sistant referee, Sibiga changed
the yellow to red, leaving Unit-
ed skipper Rooney to trudge
off the field without protest.
— AFP
Wozniacki advances
in Charleston
LOS ANGELES: Caroline
Wozniacki reached her first
final of the season on Sat-
urday after defeating Petra
Martic in straight sets in the
semi-finals of the Charleston
Open. The Danish fifth seed
used a solid serve to overpow-
er her Croatian opponent en
route to a 6-3, 6-4 win in the
WTA clay court tournament.
It marked the third time Wozni-
acki has made the final of the
Charleston event, which she
won eight years ago in 2011.
The world No 13 had never
lost to Martic in five previous
meetings and an upset never
looked on the cards on Satur-
day as she completed a win
in 1 hour 25 minutes. — AFP
Bayern thrash Dortmund
to go top of Bundesliga
BERLIN: Robert Lewandowski
humiliated his old club on Sat-
urday as Bayern Munich oblite-
rated Borussia Dortmund with
a scintillating 5-0 win to re-
claim their spot at the top of
the Bundesliga. “We are so hap-
py, everything went according
to plan today (Saturday),” Le-
wandowski told Sky. Bayern
began the day under immense
pressure, having slipped two
points behind Dortmund in
the title race a week earlier.
They ended it on cloud nine,
after a masterful first-half per-
formance left Dortmund in the
dust and put Bayern on course
for a seventh successive league
title. — AFP
South Korea’s Kim holds
onto lead at Texas Open
SAN ANTONIO: South Korea’s
Kim Si-woo will take a slen-
der one-shot advantage into
the final round of the Valero
Texas Open after a birdie on
the 18th hole left him within
sight of a wire-to-wire victory
on Saturday. Kim, who had
started the day four shots clear,
had gradually been reeled in
by Canada’s Corey Conners
as he struggled to adjust to
steady rain and gusty winds
at TPC San Antonio’s AT&T
Oaks Course. — AFP
MONDAY AP R I L 8 , 20 1 9 • T HE E D G E FINA NCIA L DA ILY
Markets 2 5
BURSA MAL AYSIA MAIN MARKET

Bursa Malaysia YEAR

HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE COUNTER CLOSING
(RM)
+/–
(RM)
VOL
(‘000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
0.315 0.220 0.240 0.230 0186 PTRANS 0.230 -0.005 15170.2 0.231 8.52 4.13 327.2
Sectorial Movement 0.920 0.686 0.830
1.629 1.001 1.350
0.785
1.300
7134
7237
PWF
PWROOT
0.815
1.350
0.050
0.060
223.1
225.8
0.816 9.76
1.324 39.71
3.68
4.09
141.8
543.2
7.630 4.869 7.000 6.930 7084 QL 7.000 0.040 193.5 6.962 51.66 0.64 11,357.1
INDICES CLOSE +/- %CHG INDICES CLOSE +/- %CHG 0.515 0.340 — — 9946 REX 0.420 — — — — — 103.6
FBM KLCI 1,641.81 -3.26 -0.20 CONSTRUCTION 198.98 0.05 0.03 0.265 0.205 0.215 0.210 0037 RGB 0.215 0.005 1030.8 0.210 9.43 2.84 331.2
0.868 0.669 0.755 0.730 5278 RHONEMA 0.730 UNCH 50.4 0.732 13.22 4.48 133.3
FBM ACE 4,815.61 -10.92 -0.23 CONSUMER PRODUCTS & SERVICES 683.28 0.71 0.10 0.632 0.341 0.365 0.365 0183 SALUTE 0.365 UNCH 93 0.365 62.93 6.58 141.6
FBM TOP 100 11,437.63 -17.52 -0.15 ENERGY 1,065.46 3.55 0.33 0.445 0.115 0.355 0.345 9113 SANBUMI 0.350 UNCH 3316.8 0.350 — — 87.2
FBM EMAS 11,600.86 -15.60 -0.13 FINANCIAL SERVICES 16,888.72 -34.05 -0.20 0.475 0.200 0.230 0.225 5252 SASBADI 0.230 UNCH 1206.3 0.227 47.92 2.91 96.4
0.475 0.280 — — 5157 SAUDEE 0.305 — — — — — 40.4
FBM MID 70 14,424.54 -1.00 -0.01 HEALTH CARE 1,229.41 -8.27 -0.67 0.675 0.577 0.630 0.630 9792 SEG 0.630 UNCH 343 0.630 18.53 4.37 796.7
FBM MIDS CAP 13,700.93 1.47 0.01 INDUSTRIAL PRODUCTS & SERVICES 169.54 0.01 0.01 1.570 1.250 1.460 1.420 5250 SEM 1.460 0.020 202.8 1.448 32.09 1.85 1,800.7
FBM SMALL CAP 13,123.83 30.03 0.23 PLANTATION 7,236.55 29.07 0.40 0.645 0.480 0.520 0.510 7180 SERNKOU 0.520 0.010 44 0.515 13.94 — 124.8
6.336 5.147 5.540 5.530 5517 SHANG 5.540 UNCH 72 5.530 34.54 2.71 2,437.6
FBM FLEDGLING 15,679.31 84.97 0.54 PROPERTY 907.62 -6.33 -0.69 0.840 0.470 0.510 0.510 7412 SHH 0.510 0.025 5 0.510 — — 25.5
FTSE4GOOD BURSA M’SIA 920.91 -1.78 -0.19 REAL ESTATE INVESTMENT TRUSTS 998.51 -0.05 -0.01 0.649 0.315 0.520 0.510 7246 SIGN 0.520 0.015 288.2 0.516 44.44 2.88 125.0
FBM PALM OIL PLANTATION MYR 13,092.78 123.09 0.95 TECHNOLOGY 33.70 0.15 0.45 2.863 2.040 2.200 2.180 4197 SIME 2.200 UNCH 3146.3 2.191 17.74 2.73 14,961.8
0.600 0.200 0.285 0.270 8532 SINOTOP 0.285 0.010 54.1 0.270 37.01 — 112.5
FBM EMAS SHARIAH 11,787.46 -6.17 -0.05 TELECOMMUNICATION & MEDIA 684.43 -3.66 -0.53 0.411 0.105 0.195 0.190 9776 SMCAP 0.190 -0.005 1874.1 0.191 — — 40.6
FBM HIJRAH SHARIAH 13,209.05 -4.63 -0.04 TRANSPORTATION & LOGISTICS 771.74 -4.69 -0.60 0.310 0.225 — — 7943 SNC 0.245 — — — — — 16.2
UTILITIES 1,003.96 2.15 0.21
0.370 0.280 — — 5242 SOLID 0.285 — — — 105.56 0.70 111.7
FBM MIDS CAP SHARIAH 13,280.81 16.79 0.13
2.460 2.000 — — 7103 SPRITZER 2.170 — — — 18.80 2.53 455.7
2.830 1.920 2.690 2.690 9865 SUIWAH 2.690 -0.060 1 2.690 17.25 0.37 164.1
0.680 0.582 — — 0301 SUPREME 0.680 — — — 17.75 — 81.6
Bursa Malaysia Main Market 0.940 0.590
0.347 0.197 0.225
0.420 0.270
—

—
—
0.225
—
7186
7082
7211
SWSCAP
SYF
TAFI
0.660
0.225
0.290
—
-0.005
—
—
50
—
—
0.225
—
—
—
—
—
5.56
—
120.3
139.3
23.2
YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP 1.877 1.330 1.550 1.510 4405 TCHONG 1.550 0.050 39.9 1.516 10.01 1.94 1,041.6
1.550 0.695 1.330 1.280 7439 TECGUAN 1.300 0.020 70 1.309 20.47 — 52.1
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) 0.363 0.220 0.245 0.230 7200 TEKSENG 0.245 0.010 180.1 0.235 — 8.16 85.3
CONSUMER PRODUCTS & SERVICES 1.370 0.735 1.260 1.210 7252 TEOSENG 1.220 -0.030 770.7 1.229 12.06 2.46 366.0
1.093 0.700 0.945 0.930 0012 3A 0.935 -0.005 46.1 0.940 15.79 2.14 460.0 1.090 0.837 0.960 0.960 9369 TGL 0.960 -0.040 1.6 0.960 6.27 5.21 39.1
0.410 0.205 0.245 0.240 5238 AAX 0.240 -0.005 11925.6 0.241 — — 995.6 0.640 0.475 — — 7230 TOMEI 0.500 — — — 14.66 2.00 69.3
0.490 0.300 0.420 0.415 7120 ACOSTEC 0.420 0.005 1717.3 0.415 — — 81.7 0.460 0.300 — — 7176 TPC 0.410 — — — 29.08 — 95.9
2.606 1.390 1.530 1.490 6599 AEON 1.510 0.020 660.8 1.508 20.16 2.65 2,120.0 6.897 4.200 5.750 5.650 4588 UMW 5.720 UNCH 1700.4 5.690 13.68 0.87 6,682.6
0.255 0.115 0.150 0.140 7315 AHB 0.140 UNCH 433.9 0.142 — — 24.6 2.478 2.050 2.250 2.250 7757 UPA 2.250 UNCH 1 2.250 17.77 3.56 179.1
9.830 5.289 9.000 8.890 7090 AHEALTH 8.920 0.040 6.3 8.955 17.85 1.51 1,050.0 1.130 0.750 0.885 0.860 7240 VERTICE 0.885 -0.010 23.4 0.866 — — 167.1
3.246 1.914 2.680 2.640 5099 AIRASIA 2.650 -0.020 4045.2 2.654 4.38 9.06 8,856.2 1.557 0.995 1.120 1.040 7203 WANGZNG 1.110 UNCH 13.1 1.079 16.95 3.60 177.6
23.944 17.740 17.980 17.920 2658 AJI 17.980 UNCH 4.7 17.977 18.39 2.59 1,093.2 2.339 2.000 — — 5016 WARISAN 2.100 — — — 18.32 1.90 141.1
8.167 5.481 6.050 6.000 6351 AMWAY 6.050 0.050 1.5 6.017 18.24 3.31 994.5 0.210 0.090 0.095 0.090 5156 XDL 0.090 -0.005 12911 0.095 11.25 — 162.4
0.035 0.005 0.020 0.015 5194 APFT 0.015 UNCH 1005 0.018 — — 20.1 0.615 0.400 — — 7121 XIANLNG 0.450 — — — 1500.0 — 36.0
4.339 3.550 3.890 3.850 6432 APOLLO 3.880 UNCH 15.6 3.871 20.52 5.15 310.4 0.065 0.035 — — 5155 XINQUAN 0.055 — — — — — 26.7
0.240 0.105 0.140 0.135 1481 ASB 0.140 UNCH 308 0.140 — 1.79 130.1 2.307 1.800 1.880 1.860 5584 YEELEE 1.880 UNCH 128.2 1.864 9.62 2.39 360.2
0.731 0.325 — — 7722 ASIABRN 0.480 — — — — — 111.7 1.284 0.950 1.180 1.170 5159 YOCB 1.170 -0.010 21.5 1.172 6.63 3.42 187.2
2.811 2.353 2.520 2.510 7129 ASIAFLE 2.510 -0.030 7 2.519 10.73 5.98 488.8 3.390 2.267 2.860 2.830 7178 YSPSAH 2.830 0.010 12.5 2.838 12.84 2.47 391.7
4.800 4.015 4.470 4.470 7048 ATLAN 4.470 UNCH 5 4.470 18.75 4.47 1,133.8 1.472 1.165 1.380 1.370 5131 ZHULIAN 1.370 0.010 9.4 1.372 12.04 5.84 630.2
0.425 0.130 0.150 0.140 8885 AVI 0.145 -0.005 1015.3 0.145 — — 124.5 INDUSTRIAL PRODUCTS & SERVICES
38.127 21.397 36.120 35.300 4162 BAT 36.000 -0.180 147.3 35.703 21.93 4.31 10,279.1 0.120 0.070 0.080 0.075 7086 ABLEGRP 0.080 0.005 115.3 0.075 — — 21.1
2.440 1.730 2.440 2.380 5248 BAUTO 2.410 0.040 6917.1 2.411 10.66 5.41 2,803.1 0.610 0.350 0.355 0.350 7191 ADVENTA 0.350 -0.005 32 0.353 — — 53.5
0.070 0.030 0.070 0.055 7243 BIOOSMO 0.060 UNCH 43446 0.065 — — 47.7 2.068 1.744 1.850 1.850 9148 ADVPKG 1.850 0.010 5 1.850 33.88 — 37.9
1.802 1.280 1.670 1.650 5196 BJFOOD 1.670 0.020 19.1 1.669 26.68 2.40 637.8 0.185 0.105 0.105 0.105 7146 AEM 0.105 UNCH 367.9 0.105 — — 31.4
0.365 0.180 0.255 0.245 4219 BJLAND 0.250 -0.005 4323.6 0.248 — — 1,250.1 0.740 0.370 0.525 0.525 5198 AFUJIYA 0.525 UNCH 20 0.525 21.97 — 94.5
2.650 1.937 2.650 2.550 1562 BJTOTO 2.640 0.050 3352.9 2.607 14.77 5.87 3,566.7 0.370 0.200 0.260 0.260 2682 AISB 0.260 UNCH 4.5 0.260 — — 37.5
0.384 0.205 0.260 0.250 9288 BONIA 0.255 -0.010 357.3 0.254 17.23 — 205.6 0.640 0.491 0.560 0.535 7609 AJIYA 0.550 UNCH 48.3 0.552 6.71 1.82 167.5
0.390 0.055 0.130 0.125 9474 BRAHIMS 0.125 -0.010 874.3 0.125 — — 29.5 0.905 0.420 0.525 0.520 2674 ALCOM 0.525 -0.010 8.5 0.522 20.51 — 70.5
1.020 0.495 0.615 0.610 7174 CAB 0.610 -0.005 332.2 0.612 15.33 0.82 395.3 1.391 0.989 1.150 1.010 7083 ANALABS 1.150 0.100 1.4 1.086 15.15 1.74 138.1
0.639 0.367 0.585 0.550 7154 CAELY 0.560 UNCH 536 0.566 88.89 1.79 91.1 0.682 0.366 0.470 0.465 4758 ANCOM 0.470 0.005 292.4 0.469 4.63 — 113.2
0.355 0.220 — — 7128 CAMRES 0.250 — — — 19.23 — 49.2 3.111 1.150 1.660 1.620 6556 ANNJOO 1.630 0.010 1424.4 1.642 5.76 7.36 912.7
2.000 1.403 1.970 1.960 5245 CARING 1.960 UNCH 26 1.961 20.44 2.55 426.7 0.065 0.035 0.045 0.035 9342 ANZO 0.045 0.005 15272.1 0.042 — — 39.6
27.380 16.825 26.240 25.940 2836 CARLSBG 26.060 0.100 403.6 26.00 28.75 3.48 7,967.8 0.880 0.600 — — 5568 APB 0.600 — — — — 5.00 67.7
2.180 1.440 1.600 1.580 2925 CCB 1.600 UNCH 4 1.585 7.22 — 161.2 3.695 2.680 3.000 3.000 5015 APM 3.000 UNCH 10 3.000 15.27 4.50 604.8
1.010 0.365 0.645 0.630 7035 CCK 0.635 -0.010 948.3 0.637 14.27 2.36 400.5 0.630 0.469 0.520 0.515 7214 ARANK 0.520 UNCH 50.4 0.519 6.55 4.46 88.1
0.495 0.290 — — 7209 CHEETAH 0.300 — — — 52.63 1.33 38.3 0.951 0.581 0.660 0.655 7162 ASTINO 0.655 -0.005 35 0.656 7.93 1.53 179.5
1.992 1.400 1.460 1.460 2828 CIHLDG 1.460 0.010 1.9 1.460 13.11 6.85 236.5 1.880 1.340 1.750 1.720 8176 ATAIMS 1.740 0.020 1438.2 1.741 16.71 — 2,095.6
0.095 0.060 0.075 0.070 5104 CNI 0.075 UNCH 113.1 0.070 83.33 4.00 54.0 0.930 0.545 — — 7099 ATTA 0.615 — — — 7.25 13.01 131.2
0.090 0.035 0.045 0.045 5188 CNOUHUA 0.045 UNCH 1418 0.045 — — 30.1 0.600 0.074 0.355 0.345 7181 ATURMJU 0.345 -0.005 361.4 0.348 5.55 — 38.4
2.424 1.830 — — 7205 COCOLND 1.940 — — — 14.36 3.09 443.9 0.924 0.596 0.790 0.780 7579 AWC 0.780 UNCH 540.9 0.783 8.67 0.96 230.8
0.085 0.005 0.045 0.045 0301 CRG 0.045 UNCH 1.5 0.045 12.50 — 36.3 0.425 0.313 0.340 0.335 5021 AYS 0.335 -0.005 106.1 0.335 6.86 7.46 127.4
1.472 1.013 1.070 1.040 7202 CSCENIC 1.070 0.030 12 1.057 17.83 5.61 128.9 1.871 1.180 — — 8133 BHIC 1.300 — — — — 2.69 323.0
0.020 0.010 — — 5214 CSL 0.010 — — — — — 12.4 0.515 0.260 0.470 0.430 7005 BIG 0.435 0.005 1144.3 0.449 31.29 — 20.9
0.540 0.415 0.420 0.420 9423 CWG 0.420 UNCH 23.9 0.420 9.91 3.57 53.0 0.195 0.115 0.135 0.130 6998 BINTAI 0.130 -0.005 195.7 0.131 5.73 — 37.6
0.040 0.025 0.030 0.030 7179 DBE 0.030 UNCH 750 0.030 — — 80.3 0.395 0.245 0.275 0.270 3395 BJCORP 0.270 -0.005 4817.1 0.271 — — 1,408.0
1.090 0.941 — — 7119 DEGEM 1.050 — — — — 0.95 140.7 0.754 0.500 — — 0168 BOILERM 0.535 — — — 12.33 3.27 276.1
4.309 2.140 2.370 2.300 5908 DKSH 2.300 -0.050 150.5 2.320 8.13 4.35 362.6 0.090 0.040 0.050 0.040 7036 BORNOIL 0.050 0.005 41861.5 0.046 — — 267.0
69.714 58.900 64.380 64.380 3026 DLADY 64.380 -0.020 0.7 64.38 31.82 1.55 4,120.3 1.350 0.865 — — 6297 BOXPAK 1.080 — — — — — 129.7
1.463 0.925 1.320 1.270 7148 DPHARMA 1.310 0.030 2036.3 1.303 18.07 3.11 867.1 1.150 0.814 1.050 1.040 5100 BPPLAS 1.050 UNCH 404.2 1.050 9.35 3.81 197.1
2.543 1.600 2.070 2.010 1619 DRBHCOM 2.070 0.050 6572.6 2.055 — 1.45 4,001.8 0.240 0.140 0.210 0.205 9938 BRIGHT 0.210 UNCH 72.3 0.208 — — 43.1
0.240 0.095 0.105 0.105 2097 EASTLND 0.105 -0.005 343.2 0.105 — — 25.8 0.600 0.260 — — 7221 BSLCORP 0.335 — — — 67.00 — 32.8
0.665 0.509 — — 5081 EIG 0.655 — — — 20.34 4.58 155.4 2.598 1.220 1.230 1.220 2771 BSTEAD 1.220 UNCH 804.4 1.221 — 4.10 2,472.9
0.085 0.050 0.060 0.060 7182 EKA 0.060 0.005 70 0.060 — — 18.7 0.190 0.070 0.115 0.110 7188 BTM 0.110 -0.010 22.1 0.115 — — 15.5
0.235 0.150 0.170 0.165 9091 EMICO 0.170 0.005 57 0.169 — — 17.2 3.160 1.830 2.970 2.970 5105 CANONE 2.970 UNCH 2 2.970 12.25 1.35 570.7
1.415 0.820 — — 7149 ENGKAH 0.875 — — — 9.29 5.14 61.9 0.015 0.010 — — 5229 CAP 0.010 — — — — — 13.6
0.185 0.155 — — 0302 ETH 0.170 — — — 51.52 — 41.7 1.497 0.942 1.080 1.070 7076 CBIP 1.080 UNCH 36.2 1.074 12.18 3.70 581.3
0.260 0.125 0.135 0.135 7208 EURO 0.135 -0.005 10 0.135 — — 36.1 2.355 1.515 1.920 1.890 2879 CCM 1.890 -0.010 79.6 1.900 12.33 3.17 316.9
0.750 0.400 — — 7094 EUROSP 0.480 — — — — — 21.3 0.851 0.630 — — 8435 CEPCO 0.645 — — — — — 48.1
39.629 28.929 36.960 34.820 3689 F&N 36.960 1.780 29.6 36.67 33.78 1.56 13,556.1 1.360 0.900 — — 8044 CFM 1.240 — — — — — 50.8
0.959 0.660 — — 2755 FCW 0.715 — — — 1787.5 13.99 178.7 0.475 0.330 — — 7187 CHGP 0.350 — — — 17.41 — 104.0
0.543 0.409 — — 6939 FIAMMA 0.480 — — — 7.24 4.69 254.4 1.099 0.618 0.790 0.780 5273 CHINHIN 0.790 0.010 100.6 0.785 18.16 3.80 439.5
0.530 0.280 0.485 0.470 8605 FIHB 0.485 0.005 25.1 0.471 8.79 — 52.9 2.000 1.446 1.810 1.790 5007 CHINWEL 1.800 -0.010 127.3 1.800 8.81 4.78 539.2
1.955 1.086 1.720 1.700 9172 FPI 1.700 UNCH 157.5 1.707 11.49 5.88 420.5 2.170 1.410 1.590 1.580 5797 CHOOBEE 1.580 UNCH 31 1.581 6.38 3.16 208.1
0.950 0.600 — — 7184 G3 0.740 — — — — — 305.3 0.459 0.230 — — 7016 CHUAN 0.390 — — — 8.35 2.82 65.8
3.860 1.301 3.710 3.670 5102 GCB 3.690 -0.020 36.5 3.682 9.32 0.54 1,771.8 0.880 0.420 — — 8052 CICB 0.590 — — — — 1.64 53.1
0.580 0.400 — — 5592 GCE 0.470 — — — — 4.26 92.6 0.055 0.035 0.045 0.040 7018 CME 0.045 0.010 429 0.040 — — 26.3
5.178 2.696 3.240 3.180 4715 GENM 3.190 -0.060 6310.9 3.198 — 3.45 18,942.4 4.315 1.740 3.750 3.460 2852 CMSB 3.620 0.130 3676.5 3.633 14.81 2.04 3,889.2
8.837 5.851 6.830 6.770 3182 GENTING 6.780 -0.020 1844.2 6.796 19.05 2.14 26,285.4 0.900 0.400 0.410 0.410 7986 CNASIA 0.410 -0.040 1.2 0.410 11.58 — 18.6
0.415 0.100 0.340 0.320 5079 GETS 0.325 -0.010 7226.2 0.328 — — 41.0 1.370 0.735 1.190 1.160 5071 COASTAL 1.160 -0.030 69.8 1.164 — 1.72 616.9
0.200 0.105 0.125 0.125 0136 GREENYB 0.125 UNCH 30 0.125 44.64 2.40 41.7 0.255 0.045 0.075 0.060 7195 COMCORP 0.075 0.015 1663.8 0.065 — — 10.5
5.120 2.446 2.570 2.480 7668 HAIO 2.520 -0.010 340.1 2.495 14.34 7.14 756.8 1.090 0.684 0.880 0.860 2127 COMFORT 0.875 -0.010 645.5 0.866 17.61 1.14 491.7
3.950 3.400 — — 5008 HARISON 3.880 — — — 11.83 5.15 265.7 0.030 0.020 0.030 0.025 5037 COMPUGT 0.025 UNCH 6213.9 0.025 — — 58.7
0.255 0.055 0.115 0.110 5187 HBGLOB 0.110 -0.005 209.9 0.113 4.68 — 51.5 1.369 0.975 1.060 1.040 5094 CSCSTEL 1.050 UNCH 94.9 1.055 17.68 9.52 399.0
25.100 17.420 24.900 24.680 3255 HEIM 24.700 0.060 16.4 24.71 26.41 3.64 7,461.8 0.667 0.400 0.410 0.410 7157 CYL 0.410 -0.040 5 0.410 — 9.76 41.0
12.115 8.420 10.020 9.980 3301 HLIND 10.000 UNCH 26.5 9.997 9.57 3.70 3,279.0 0.410 0.295 — — 5082 CYMAO 0.345 — — — — — 25.9
0.790 0.590 0.595 0.590 5160 HOMERIZ 0.590 -0.005 236.9 0.592 9.01 4.24 177.0 1.780 1.333 1.700 1.690 5184 CYPARK 1.690 UNCH 43.4 1.690 9.36 2.31 774.5
1.131 0.922 1.000 0.995 5024 HUPSENG 1.000 UNCH 66.7 0.999 18.62 6.00 800.0 2.364 1.550 1.920 1.830 8125 DAIBOCI 1.890 0.060 241.1 1.874 40.65 1.77 619.7
0.420 0.280 0.305 0.305 8478 HWATAI 0.305 -0.015 3 0.305 — — 22.8 0.675 0.320 0.665 0.635 5276 DANCO 0.655 0.015 4767.5 0.653 13.10 2.29 195.2
2.070 1.089 1.120 1.120 5107 IQGROUP 1.120 -0.010 6 1.120 — 8.93 98.6 0.480 0.120 0.325 0.305 7212 DESTINI 0.325 0.020 27899.8 0.319 203.13 — 375.4
0.060 0.030 0.040 0.035 7223 JADI 0.040 0.005 241.1 0.040 — — 37.7 0.755 0.290 0.475 0.455 7114 DNONCE 0.470 0.015 490 0.465 47.96 — 117.4
1.010 0.709 0.960 0.945 7152 JAYCORP 0.950 0.005 52 0.955 8.28 3.16 130.4 0.295 0.100 0.100 0.100 5835 DOLMITE 0.100 -0.010 17 0.100 — — 28.5
0.453 0.330 0.395 0.390 8931 JERASIA 0.390 -0.020 25.1 0.390 4.22 2.56 32.0 0.170 0.070 0.140 0.135 5265 DOLPHIN 0.140 UNCH 296.9 0.140 — — 34.2
1.520 0.811 1.400 1.380 7167 JOHOTIN 1.390 UNCH 526.9 1.391 11.05 3.60 431.6 1.348 1.137 1.260 1.240 7169 DOMINAN 1.250 UNCH 60.7 1.242 6.15 5.60 206.6
0.400 0.280 — — 8672 KAMDAR 0.290 — — — — — 57.4 2.713 0.598 1.870 1.810 7233 DUFU 1.850 0.050 6907 1.846 8.78 2.52 486.9
0.931 0.375 0.460 0.445 5247 KAREX 0.450 UNCH 3203.9 0.454 72.58 1.11 451.1 0.880 0.655 — — 7165 DWL 0.790 — — — — — 156.9
2.496 1.592 1.690 1.680 7216 KAWAN 1.680 UNCH 38 1.681 25.81 1.49 604.0 0.380 0.065 0.095 0.090 5178 DYNACIA 0.090 UNCH 3000.5 0.090 — — 40.7
0.225 0.080 0.165 0.165 8303 KFM 0.165 -0.005 2.6 0.165 — — 11.3 2.950 1.818 2.810 2.800 1368 EDGENTA 2.810 -0.050 6.4 2.808 15.77 4.98 2,336.9
0.675 0.540 0.600 0.580 6203 KHEESAN 0.600 0.010 43 0.586 14.05 2.50 62.4 0.320 0.170 0.190 0.190 0064 EFFICEN 0.190 UNCH 130 0.190 — — 134.7
1.910 1.400 — — 7062 KHIND 1.730 — — — 43.80 0.58 69.3 0.640 0.430 0.465 0.460 8907 EG 0.460 0.005 329.3 0.460 7.58 — 124.8
1.837 1.547 1.640 1.630 0002 KOTRA 1.630 UNCH 28.4 1.631 11.11 3.68 234.5 1.479 1.071 1.300 1.300 5208 EITA 1.300 UNCH 94.4 1.300 11.52 3.85 169.0
0.610 0.300 — — 7130 KPOWER 0.320 — — — — — 24.4 0.990 0.634 0.815 0.785 9016 EKSONS 0.815 UNCH 26 0.803 — 6.13 133.8
0.145 0.075 0.075 0.075 5172 KSTAR 0.075 UNCH 3.5 0.075 — — 28.6 0.650 0.370 0.410 0.410 7217 EMETALL 0.410 UNCH 30 0.410 24.85 6.10 77.2
0.195 0.050 0.140 0.125 4847 KTB 0.135 0.005 11223.8 0.130 — — 54.4 1.230 0.770 0.830 0.820 5056 ENGTEX 0.820 -0.010 31.7 0.826 29.60 1.83 363.5
0.775 0.445 0.470 0.460 1643 LANDMRK 0.465 -0.020 267.2 0.464 — — 245.9 0.485 0.350 0.385 0.370 7773 EPMB 0.370 UNCH 95 0.374 — — 61.4
4.096 2.953 — — 7006 LATITUD 4.050 — — — 20.66 0.74 393.7 0.625 0.335 0.370 0.365 5101 EVERGRN 0.365 -0.005 267.9 0.367 19.31 3.78 308.9
0.961 0.325 0.485 0.465 9385 LAYHONG 0.470 -0.010 6281.2 0.473 56.63 1.06 310.3 1.450 1.050 1.260 1.260 2984 FACBIND 1.260 UNCH 2 1.260 84.56 — 107.3
1.061 0.535 — — 8079 LEESK 0.925 — — — 14.71 2.70 155.2 2.880 2.200 2.690 2.650 7229 FAVCO 2.660 0.010 13.6 2.660 9.20 5.08 589.5
3.242 2.119 2.690 2.670 7089 LIIHEN 2.670 -0.030 88.5 2.673 8.32 4.31 480.6 0.609 0.400 — — 0149 FIBON 0.430 — — — 20.38 1.74 42.1
0.630 0.366 0.390 0.380 7126 LONBISC 0.385 -0.005 931.3 0.384 5.89 — 98.7 1.970 1.703 1.950 1.950 3107 FIMACOR 1.950 0.030 8.1 1.950 8.49 6.41 478.3
1.389 0.774 1.180 1.150 7085 LTKM 1.180 UNCH 115.6 1.165 9.47 1.69 153.5 0.560 0.365 0.510 0.485 9318 FITTERS 0.500 0.025 13834.8 0.498 14.41 — 240.2
5.248 3.767 4.680 4.520 7087 MAGNI 4.610 UNCH 59 4.574 7.43 3.04 750.2 1.825 0.892 1.590 1.550 5197 FLBHD 1.590 0.020 102 1.570 5.79 11.64 168.5
2.480 1.631 2.450 2.420 3859 MAGNUM 2.450 UNCH 381 2.437 33.29 6.12 3,522.5 0.441 0.172 0.345 0.335 5277 FPGROUP 0.345 UNCH 4333.8 0.340 20.66 2.90 178.9
0.145 0.115 — — 3514 MARCO 0.125 — — — 9.33 4.00 131.8 1.230 0.600 0.630 0.630 7197 GESHEN 0.630 UNCH 15 0.630 12.09 — 50.4
0.025 0.005 — — 5189 MAXWELL 0.010 — — — — — 4.0 0.545 0.420 0.460 0.450 5220 GLOTEC 0.460 0.005 430.5 0.453 22.22 — 123.8
1.000 0.800 — — 5886 MBG 0.800 — — — 65.57 3.75 48.6 0.325 0.170 0.205 0.205 7192 GOODWAY 0.205 UNCH 186.8 0.205 — — 22.7
3.020 1.838 3.000 2.870 5983 MBMR 2.900 -0.070 794.9 2.918 6.85 2.33 1,133.6 0.120 0.080 — — 7096 GPA 0.110 — — — 366.67 — 107.9
0.400 0.185 0.310 0.285 7234 MESB 0.300 0.020 10.5 0.291 — — 24.6 0.325 0.170 0.235 0.230 5649 GPHAROS 0.230 0.005 33 0.231 60.53 — 31.2
0.220 0.177 — — 0301 MFGROUP 0.220 — — — 23.91 — 70.4 0.686 0.420 0.525 0.480 3247 GUH 0.520 0.040 76.3 0.503 — — 144.5
1.437 0.446 0.850 0.830 3662 MFLOUR 0.840 UNCH 8427.8 0.840 26.01 3.46 821.9 1.050 0.670 — — 5151 HALEX 0.850 — — — — — 90.1
0.860 0.600 0.720 0.700 7935 MILUX 0.700 -0.030 16 0.701 — — 38.1 10.000 9.031 9.820 9.810 3034 HAPSENG 9.820 -0.060 67.6 9.815 21.34 3.56 24,448.7
0.180 0.040 0.045 0.045 5166 MINDA 0.045 UNCH 50 0.045 — — 55.8 7.339 4.520 4.830 4.760 5168 HARTA 4.770 -0.020 6196.1 4.786 32.94 1.80 15,956.5
4.120 1.690 1.730 1.690 5202 MSM 1.700 -0.010 88.2 1.702 33.53 — 1,195.1 9.600 4.510 6.110 5.920 4324 HENGYUAN 6.010 0.110 907 6.048 58.29 0.33 1,803.0
0.040 0.005 0.010 0.010 5150 MSPORTS 0.010 UNCH 25 0.010 — — 6.1 0.973 0.513 0.640 0.635 5095 HEVEA 0.640 0.005 264.2 0.636 21.48 8.75 358.8
0.230 0.145 0.175 0.165 3891 MUIIND 0.170 UNCH 722.8 0.170 — — 498.5 0.806 0.609 0.710 0.700 3298 HEXZA 0.710 0.010 102 0.704 19.14 7.04 142.3
2.650 1.620 2.350 2.290 3905 MULPHA 2.350 0.040 65.9 2.308 3.19 — 751.1 0.455 0.215 0.270 0.265 5072 HIAPTEK 0.270 UNCH 4871.3 0.270 — 1.85 362.9
1.709 1.252 1.400 1.370 5275 MYNEWS 1.370 -0.010 27.1 1.387 32.93 0.73 934.6 1.360 0.705 1.150 1.100 5199 HIBISCS 1.130 0.020 46377.8 1.133 5.40 — 1,794.7
150.60 128.81 145.90 144.80 4707 NESTLE 145.500 -0.400 3.9 145.34 51.78 1.92 34,119.8 1.680 1.110 1.320 1.310 7033 HIGHTEC 1.320 0.020 4.1 1.315 13.54 1.52 53.6
3.254 2.500 — — 7060 NHFATT 2.680 — — — 15.81 3.83 221.6 0.776 0.465 0.605 0.585 8443 HIL 0.590 UNCH 291.6 0.593 11.48 2.97 197.1
0.050 0.030 0.040 0.030 7139 NICE 0.035 0.005 13132.3 0.035 3.43 — 24.6 0.730 0.335 0.710 0.690 5165 HOKHENG 0.710 0.005 501.8 0.708 443.75 — 62.5
0.320 0.136 0.295 0.290 7215 NIHSIN 0.295 UNCH 1892.3 0.292 43.38 — 94.8 1.670 0.445 1.200 1.180 0185 HSSEB 1.190 -0.010 490.4 1.193 — 0.65 590.1
0.630 0.480 0.485 0.485 5066 NTPM 0.485 0.005 46.1 0.485 37.02 4.95 544.8 0.480 0.130 0.265 0.250 2739 HUAAN 0.255 -0.010 23716.1 0.258 9.66 — 286.2
0.580 0.300 — — 5533 OCB 0.450 — — — — — 46.3 1.680 0.465 0.710 0.700 5000 HUMEIND 0.700 -0.005 519.9 0.703 — 2.86 335.4
0.611 0.381 — — 0049 OCNCASH 0.450 — — — 18.22 2.02 110.4 0.135 0.090 0.110 0.100 9601 HWGB 0.100 -0.010 3296.8 0.103 — — 35.7
1.020 0.631 0.780 0.780 7107 OFI 0.780 UNCH 333.5 0.780 16.74 1.92 187.2 2.308 1.709 1.980 1.960 7222 IMASPRO 1.970 0.010 393 1.968 142.75 1.78 157.6
0.135 0.090 0.120 0.115 3018 OLYMPIA 0.115 0.005 1098.9 0.115 11.39 — 117.7 0.900 0.430 — — 5673 IPMUDA 0.520 — — — — — 37.7
6.816 5.689 6.500 6.470 4006 ORIENT 6.490 0.010 25 6.497 8.04 3.08 4,026.4 0.255 0.100 0.160 0.155 7183 IRETEX 0.155 -0.005 60 0.159 — — 22.8
1.055 0.460 0.645 0.630 5260 OWG 0.630 -0.010 301.8 0.634 11.86 — 179.6 0.150 0.110 0.115 0.115 8648 JASKITA 0.115 UNCH 20 0.115 — — 51.7
6.070 3.125 3.720 3.640 7052 PADINI 3.710 0.050 832.3 3.669 14.51 2.70 2,440.8 1.727 1.340 1.480 1.460 0058 JCBNEXT 1.460 0.010 68 1.479 20.17 3.08 201.2
39.301 31.422 37.820 37.800 3719 PANAMY 37.800 UNCH 3.2 37.80 21.19 3.92 2,296.2 0.255 0.165 0.190 0.185 9083 JETSON 0.190 0.010 101.9 0.190 — — 40.2
0.422 0.300 — — 5022 PAOS 0.385 — — — 57.46 2.08 69.7 1.080 0.950 1.050 1.030 7043 JMR 1.050 0.010 358.6 1.035 — — 133.1
0.380 0.230 — — 9407 PARAGON 0.330 — — — — — 23.1 0.235 0.125 0.135 0.130 0054 KARYON 0.135 -0.005 180.7 0.132 8.54 2.22 64.2
0.650 0.225 0.270 0.255 5657 PARKSON 0.265 0.010 3231.6 0.263 — — 289.9 0.630 0.465 0.560 0.540 7199 KEINHIN 0.560 0.010 10.4 0.554 34.78 1.79 61.0
0.530 0.185 0.530 0.480 6068 PCCS 0.520 0.040 16650.9 0.504 8.01 1.92 109.2 1.680 1.364 1.660 1.660 6491 KFIMA 1.660 0.010 47.2 1.660 7.77 5.42 468.5
0.880 0.290 0.355 0.350 5231 PELIKAN 0.350 -0.005 178.5 0.351 27.78 — 193.7 1.340 0.584 1.270 1.260 0151 KGB 1.260 -0.010 265.6 1.267 16.91 0.79 367.1
0.640 0.340 — — 9997 PENSONI 0.395 — — — — — 51.2 0.360 0.130 — — 6211 KIALIM 0.200 — — — — — 12.4
0.560 0.195 0.560 0.540 7080 PERMAJU 0.545 0.010 10024.3 0.549 — — 106.8 3.100 2.000 3.100 3.100 3522 KIANJOO 3.100 UNCH 40 3.100 79.69 1.29 1,376.9
28.201 22.497 25.020 24.980 5681 PETDAG 25.000 UNCH 474.3 25.00 29.24 3.88 24,836.4 1.429 1.090 1.220 1.150 5371 KIMHIN 1.190 -0.010 17.4 1.171 — 4.20 185.2
0.180 0.135 0.140 0.140 4081 PMCORP 0.140 UNCH 15 0.140 30.43 — 108.3 0.010 0.005 — — 5060 KINSTEL 0.005 — — — — — 5.2
0.210 0.035 0.050 0.045 1287 PMHLDG 0.050 UNCH 6875 0.050 — — 46.4 1.460 0.780 1.300 1.240 9466 KKB 1.290 0.060 590.8 1.280 18.86 1.55 332.6
0.559 0.431 0.495 0.495 5080 POHKONG 0.495 UNCH 0.1 0.495 8.78 2.02 203.1 0.225 0.070 0.170 0.160 7164 KNM 0.165 UNCH 41138.7 0.165 — — 391.0
1.640 1.093 1.540 1.520 7088 POHUAT 1.540 0.010 36.7 1.524 6.02 3.90 360.1 0.795 0.350 — — 5035 KNUSFOR 0.470 — — — — — 46.8
19.000 16.860 18.520 18.420 4065 PPB 18.500 -0.020 773.2 18.50 24.48 1.51 26,318.1 1.680 0.890 1.390 1.390 6971 KOBAY 1.390 -0.010 8.5 1.390 9.00 — 141.9
0.464 0.326 — — 7190 PPG 0.370 — — — 41.57 1.35 37.0 0.345 0.120 0.345 0.285 7017 KOMARK 0.315 0.030 9502.2 0.308 — — 51.8
0.900 0.700 0.740 0.730 7168 PRG 0.740 UNCH 110 0.735 — — 239.4 4.683 3.140 3.600 3.550 7153 KOSSAN 3.550 -0.040 342 3.560 22.53 1.69 4,540.2
0.842 0.495 0.565 0.560 8966 PRLEXUS 0.560 -0.010 17 0.564 33.14 2.68 101.0 0.685 0.470 0.510 0.500 9121 KPSCB 0.510 0.005 33.9 0.503 7.19 — 75.4
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 6 Markets M ON DAY AP RI L 8, 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)
5.000 3.665 4.760 4.720 3476 KSENG 4.740 0.020 17.6 4.741 42.17 2.11 1,713.4 7.339 4.520 4.830 4.760 5168 HARTA 4.770 -0.020 6196.1 4.786 32.94 1.80 15,956.5
0.595 0.285 0.480 0.475 5192 KSSC 0.475 -0.005 85.7 0.477 47.98 4.21 45.6 6.388 4.540 5.650 5.520 5225 IHH 5.600 UNCH 3298.3 5.593 86.96 0.54 49,108.1
0.530 0.225 0.410 0.400 6874 KUB 0.400 -0.010 1283.2 0.405 — 3.75 222.6 4.683 3.140 3.600 3.550 7153 KOSSAN 3.550 -0.040 342 3.560 22.53 1.69 4,540.2
0.520 0.250 0.365 0.350 8362 KYM 0.365 0.005 82 0.356 — — 54.7 1.837 1.547 1.640 1.630 0002 KOTRA 1.630 UNCH 28.4 1.631 11.11 3.68 234.5
4.540 1.800 2.680 2.590 3794 LAFMSIA 2.610 -0.060 935 2.620 — — 2,217.7 1.164 0.836 1.030 1.000 5878 KPJ 1.000 -0.020 1314.3 1.010 23.92 2.00 4,434.9
0.668 0.440 0.510 0.510 9326 LBALUM 0.510 UNCH 27.9 0.510 20.08 1.96 126.7 4.067 2.050 2.140 2.050 7081 PHARMA 2.080 -0.030 1141.8 2.082 12.73 7.69 541.9
6.183 4.020 4.090 4.060 5284 LCTITAN 4.070 UNCH 1858.3 4.070 11.81 4.18 9,392.7 2.255 1.400 1.540 1.480 7106 SUPERMX 1.490 -0.040 3595.4 1.502 16.74 2.44 2,026.9
0.762 0.400 0.500 0.495 5232 LEONFB 0.495 -0.010 25.2 0.500 5.88 3.03 153.5 0.835 0.695 0.750 0.730 0101 TMCLIFE 0.730 -0.010 375.5 0.738 44.51 0.25 1,267.6
0.280 0.100 0.140 0.140 8745 LEWEKO 0.140 UNCH 50 0.140 — — 45.1 6.297 4.300 4.670 4.560 7113 TOPGLOV 4.600 -0.050 3157.9 4.609 27.20 1.85 11,778.7
0.225 0.085 — — 7170 LFECORP 0.100 — — — — — 18.6 0.400 0.230 — — 0301 TOPVISN 0.400 — — — 34.48 — 102.2
0.775 0.405 0.470 0.470 8486 LIONFIB 0.470 0.050 0.1 0.470 18.29 — 108.8 3.390 2.267 2.860 2.830 7178 YSPSAH 2.830 0.010 12.5 2.838 12.84 2.47 391.7
1.300 0.450 0.560 0.540 4235 LIONIND 0.545 -0.015 3524.8 0.551 5.74 — 391.3 FINANCIAL SERVICES
0.480 0.250 — — 9881 LSTEEL 0.275 — — — 7.18 — 35.2 4.350 3.678 4.120 4.090 2488 ABMB 4.120 UNCH 129.9 4.108 11.89 3.71 6,378.2
0.115 0.075 0.085 0.075 5068 LUSTER 0.085 0.010 4215.9 0.080 13.28 — 168.0 17.360 11.741 16.960 16.840 5139 AEONCR 16.860 -0.040 66.6 16.863 11.39 2.51 4,229.4
0.704 0.500 0.530 0.525 5143 LUXCHEM 0.530 0.010 60.2 0.528 11.88 4.25 460.9 2.574 2.153 2.200 2.190 5185 AFFIN 2.200 0.010 161.2 2.191 8.48 2.27 4,369.2
3.524 2.250 — — 9199 LYSAGHT 2.560 — — — 11.44 2.73 106.4 14.760 10.137 14.500 14.500 1163 ALLIANZ 14.500 -0.040 0.3 14.500 8.62 2.76 2,563.1
0.957 0.340 0.515 0.500 5098 MASTEEL 0.505 -0.005 2535.4 0.508 30.98 1.78 215.8 4.640 3.278 4.460 4.410 1015 AMBANK 4.430 -0.020 1456.1 4.430 10.26 3.39 13,352.8
0.905 0.531 0.845 0.795 7029 MASTER 0.845 0.030 1106.8 0.823 8.02 4.14 46.2 1.240 0.900 — — 5088 APEX 1.020 — — — 25.25 — 217.8
1.300 0.889 1.260 1.230 5152 MBL 1.260 0.010 36.3 1.247 9.26 2.38 129.8 4.450 3.252 4.430 4.390 5258 BIMB 4.400 0.010 1095.9 4.401 10.90 3.52 7,762.8
0.830 0.435 — — 7004 MCEHLDG 0.695 — — — — — 30.9 7.839 6.609 6.890 6.830 1818 BURSA 6.850 0.020 216.6 6.854 24.70 3.74 5,531.2
0.225 0.090 0.145 0.145 3778 MELEWAR 0.145 0.005 27 0.145 — — 52.1 7.043 4.986 5.130 5.100 1023 CIMB 5.110 0.010 2330.8 5.110 8.55 4.89 48,874.4
0.715 0.435 0.540 0.540 5223 MENTIGA 0.540 -0.065 2 0.540 10.11 — 37.8 0.400 0.240 0.270 0.265 2143 ECM 0.270 UNCH 4.3 0.265 50.94 — 129.6
1.750 1.540 — — 6149 METROD 1.750 — — — 23.09 3.43 210.0 1.480 1.114 1.400 1.370 5228 ELKDESA 1.390 -0.020 263.9 1.380 12.50 5.04 411.6
0.575 0.240 0.270 0.265 5001 MIECO 0.265 UNCH 1542.5 0.270 — 3.77 139.1 21.497 17.158 20.300 20.180 5819 HLBANK 20.200 UNCH 542.2 20.200 15.25 2.38 43,787.9
0.120 0.045 0.060 0.060 7219 MINETEC 0.060 -0.005 373 0.060 — — 55.3 10.100 7.327 — — 5274 HLCAP 9.600 — — — 31.76 1.98 2,370.2
0.424 0.244 — — 5576 MINHO 0.300 — — — 8.62 1.60 102.2 20.140 17.251 19.020 19.020 1082 HLFG 19.020 -0.160 8.2 19.020 11.20 2.10 21,825.8
0.940 0.667 0.905 0.900 5916 MSC 0.905 UNCH 72 0.904 10.55 1.10 362.0 0.900 0.645 0.780 0.755 3379 INSAS 0.770 0.010 344.8 0.770 10.16 2.60 533.9
0.105 0.053 0.075 0.070 0043 MTRONIC 0.075 UNCH 8730.8 0.074 — — 72.2 0.265 0.070 0.095 0.090 3441 JOHAN 0.095 0.005 633.1 0.090 — — 59.2
2.884 1.500 1.870 1.850 3883 MUDA 1.860 -0.010 152.3 1.861 7.32 1.88 567.4 0.780 0.500 0.570 0.545 6483 KENANGA 0.550 0.005 290.6 0.553 33.54 2.00 397.5
0.530 0.225 0.300 0.300 5087 MYCRON 0.300 UNCH 15 0.300 30.93 — 98.1 2.199 1.540 1.570 1.560 2186 KUCHAI 1.560 -0.010 18.6 1.565 11.98 0.64 193.0
0.640 0.335 0.480 0.470 7241 NGGB 0.475 UNCH 556.8 0.475 153.23 — 227.8 16.803 15.250 15.840 15.800 8621 LPI 15.840 0.040 13.4 15.815 20.09 4.29 6,310.4
0.295 0.060 0.085 0.080 5025 NWP 0.085 0.005 694.6 0.084 — — 33.3 1.040 0.400 1.040 1.030 1198 MAA 1.030 UNCH 62.1 1.034 — 5.83 281.7
0.777 0.563 0.660 0.645 4944 NYLEX 0.660 0.010 75 0.651 9.05 3.03 128.3 2.877 2.300 — — 1058 MANULFE 2.500 — — — 19.28 3.20 505.9
0.921 0.555 0.700 0.695 7140 OKA 0.695 0.005 44.3 0.695 10.59 5.94 170.5 10.451 8.458 9.290 9.240 1155 MAYBANK 9.260 -0.010 7886.7 9.258 12.49 6.16 102,320
1.738 0.880 1.020 1.010 5065 ORNA 1.020 0.020 18.1 1.017 8.05 2.45 76.8 1.197 0.890 0.965 0.950 1171 MBSB 0.950 -0.005 2509.2 0.958 9.00 5.26 6,069.6
0.085 0.045 0.065 0.050 7225 PA 0.055 0.005 15700.6 0.058 — — 102.9 1.950 0.845 1.080 1.060 6459 MNRB 1.060 -0.010 210.3 1.068 6.63 — 813.1
1.219 0.700 0.780 0.760 8419 PANSAR 0.760 -0.020 131.6 0.765 36.36 1.97 234.1 1.370 1.010 1.060 1.060 5237 MPHBCAP 1.060 -0.030 1.2 1.060 61.27 — 757.9
0.625 0.403 0.560 0.550 5125 PANTECH 0.560 0.010 386.2 0.556 8.85 3.54 419.4 1.020 0.966 0.995 0.995 6009 P&O 0.995 -0.005 104.4 0.995 — 5.24 285.5
10.004 7.665 9.230 9.090 5183 PCHEM 9.100 UNCH 5559.4 9.100 14.66 3.52 72,800.0 25.762 21.721 23.000 22.800 1295 PBBANK 22.880 -0.100 6323 22.916 15.86 3.02 88,823.3
1.212 0.669 1.070 1.060 5271 PECCA 1.060 UNCH 244 1.060 14.13 4.72 199.3 1.720 1.008 1.660 1.620 9296 RCECAP 1.650 0.020 262.7 1.640 5.93 4.85 594.9
5.292 3.280 — — 5436 PERSTIM 4.920 — — — 10.55 6.10 488.6 5.940 4.826 5.790 5.680 1066 RHBBANK 5.730 -0.020 1253.9 5.726 9.98 3.58 22,977.6
1.790 0.950 1.110 1.060 5219 PESTECH 1.080 -0.030 93.5 1.089 16.82 — 825.4 0.695 0.461 0.645 0.635 4898 TA 0.640 -0.005 155.6 0.644 14.68 6.41 1,095.6
19.757 16.378 17.600 17.460 6033 PETGAS 17.520 UNCH 480.3 17.51 19.15 4.11 34,667.4 5.510 3.098 5.330 5.140 6139 TAKAFUL 5.170 -0.100 1176.2 5.224 14.44 2.90 4,274.5
9.659 6.010 6.750 6.560 3042 PETRONM 6.580 0.010 213.9 6.643 7.92 3.80 1,776.6 1.000 0.525 0.695 0.680 5230 TUNEPRO 0.695 0.015 594.2 0.687 10.59 4.32 522.5
1.350 1.000 — — 3611 PGLOBE 1.050 — — — — — 196.0 PROPERTY
0.174 0.090 0.135 0.130 7201 PICORP 0.135 UNCH 134.7 0.131 192.86 2.96 88.8 0.380 0.230 — — 7131 ACME 0.260 — — — 18.06 — 62.1
1.770 1.186 1.630 1.600 7095 PIE 1.620 0.030 462.8 1.606 14.43 1.48 622.1 0.714 0.490 0.550 0.545 1007 AMPROP 0.550 0.005 60.9 0.548 7.32 7.27 335.6
0.325 0.100 — — 7163 PJBUMI 0.315 — — — 26.25 — 25.8 0.349 0.220 0.275 0.275 1007PA AMPROP-PA 0.275 0.015 25.4 0.275 — 7.27 78.9
4.268 3.081 — — 7172 PMBTECH 3.400 — — — 56.67 0.59 549.5 1.280 0.870 1.220 1.220 5959 AMVERTON 1.220 -0.020 100 1.220 5.90 — 445.4
5.171 3.736 4.560 4.500 8869 PMETAL 4.550 -0.010 262.7 4.544 28.12 1.43 18,294.5 0.650 0.280 — — 7007 ARK 0.360 — — — — — 17.5
0.570 0.450 — — 6637 PNEPCB 0.515 — — — — — 67.7 0.165 0.110 0.125 0.125 4057 ASIAPAC 0.125 UNCH 430 0.125 7.40 — 129.6
0.515 0.260 0.430 0.425 8117 POLY 0.425 UNCH 10 0.430 11.90 — 68.0 6.147 4.200 — — 2305 AYER 4.430 — — — 16.46 1.13 331.6
0.690 0.390 0.615 0.605 8273 PPHB 0.605 -0.005 49.3 0.612 6.01 — 114.1 0.440 0.220 0.270 0.260 6602 BCB 0.270 -0.005 251 0.268 3.71 — 111.4
0.946 0.492 0.680 0.660 9873 PRESTAR 0.660 -0.020 335.7 0.666 11.72 6.06 135.2 0.630 0.285 0.440 0.430 6173 BDB 0.435 -0.010 416.2 0.433 — — 132.2
0.101 0.035 0.075 0.065 7123 PWORTH 0.070 UNCH 87836.7 0.070 — — 286.6 0.420 0.180 — — 9814 BERTAM 0.275 — — — — — 56.9
0.890 0.705 — — 7544 QUALITY 0.825 — — — — — 47.8 0.539 0.245 0.310 0.305 3239 BJASSET 0.310 UNCH 40 0.309 — — 793.0
0.500 0.190 0.240 0.190 7498 RALCO 0.240 UNCH 4 0.238 — — 11.1 1.580 0.963 1.550 1.500 5738 CHHB 1.520 -0.020 136.3 1.517 4.88 — 419.1
0.520 0.210 0.315 0.310 5256 REACH 0.310 -0.005 4819.4 0.312 — — 339.9 1.400 1.190 1.330 1.310 6718 CRESNDO 1.330 0.030 23 1.313 9.94 4.51 373.0
0.340 0.241 0.290 0.290 7232 RESINTC 0.290 -0.010 15 0.290 35.37 8.62 39.8 1.590 1.108 — — 5049 CVIEW 1.510 — — — 2.14 3.31 151.0
0.250 0.160 0.170 0.165 9954 RGTBHD 0.170 UNCH 1011.5 0.170 12.50 — 98.1 0.565 0.220 0.535 0.515 3484 DBHD 0.520 UNCH 3351.7 0.525 8.01 — 165.6
1.377 0.540 0.640 0.635 9741 ROHAS 0.640 UNCH 43.2 0.638 17.93 3.13 302.5 0.1 0.050 0.085 0.080 7198 DPS 0.085 0.005 2530 0.080 — — 50.0
0.640 0.430 — — 7803 RUBEREX 0.445 — — — 14.59 3.93 112.2 1.656 0.825 0.910 0.900 3417 E&O 0.905 -0.005 529.5 0.905 20.57 — 1,318.5
4.049 3.580 3.880 3.850 5134 SAB 3.880 0.030 16 3.851 18.35 1.29 531.3 0.325 0.285 0.295 0.290 3557 ECOFIRS 0.295 UNCH 283.4 0.295 10.31 — 236.9
8.480 5.708 8.100 7.880 9822 SAM 8.100 UNCH 13.5 7.980 14.22 1.73 1,094.9 1.450 0.890 0.925 0.910 8206 ECOWLD 0.910 -0.005 340.1 0.913 15.58 — 2,679.4
1.114 0.595 0.605 0.600 5147 SAMCHEM 0.605 0.010 293.5 0.600 7.71 6.61 164.6 0.830 0.345 — — 6076 ENCORP 0.390 — — — — — 119.5
0.869 0.680 0.735 0.735 7811 SAPIND 0.735 UNCH 9.5 0.735 12.63 5.44 53.5 2.593 0.900 1.300 1.290 8613 ENRA 1.300 0.010 19.1 1.295 — 3.46 177.1
0.650 0.205 0.400 0.355 5170 SCABLE 0.390 0.035 4875.2 0.386 — — 123.6 0.940 0.550 — — 6815 EUPE 0.650 — — — 4.48 — 83.2
1.882 1.000 1.060 1.030 7247 SCGM 1.060 0.030 207.7 1.048 93.81 2.59 205.2 0.885 0.303 0.590 0.570 7249 EWEIN 0.575 -0.010 1680 0.577 4.12 0.87 173.4
0.810 0.300 0.615 0.575 9237 SCIB 0.605 0.025 365.1 0.601 — — 52.0 1.150 0.665 0.730 0.715 5283 EWINT 0.720 -0.010 199.3 0.722 23.23 — 1,728.0
2.031 0.885 1.100 1.070 0099 SCICOM 1.070 UNCH 96 1.087 16.41 7.94 380.3 0.445 0.340 0.360 0.350 6041 FARLIM 0.360 UNCH 32 0.351 — — 60.6
9.377 6.350 8.510 8.480 4731 SCIENTX 8.480 -0.060 54.8 8.496 14.98 2.36 4,369.4 0.510 0.360 0.365 0.360 5020 GLOMAC 0.360 -0.005 242.8 0.360 10.56 4.17 288.0
0.350 0.130 0.145 0.130 7239 SCNWOLF 0.145 0.010 2.2 0.143 — — 14.0 0.394 0.240 — — 9962 GMUTUAL 0.275 — — — 17.19 1.82 103.3
0.640 0.155 0.330 0.320 7073 SEACERA 0.330 0.005 16838.3 0.325 — — 156.6 0.280 0.170 0.180 0.180 1147 GOB 0.180 UNCH 10 0.180 — — 81.8
0.260 0.090 0.235 0.220 5145 SEALINK 0.225 UNCH 5177.5 0.227 — — 112.5 0.255 0.085 0.200 0.190 7077 GSB 0.195 -0.005 477.8 0.192 — — 107.7
0.480 0.180 — — 5163 SEB 0.350 — — — — — 28.0 1.004 0.720 0.735 0.735 1503 GUOCO 0.735 -0.005 25 0.735 18.61 2.72 514.8
1.000 0.750 0.905 0.900 5181 SIGGAS 0.905 UNCH 178.3 0.902 33.90 0.88 169.7 1.340 1.200 1.260 1.250 7105 HCK 1.260 UNCH 20 1.255 80.25 — 531.0
0.690 0.410 — — 7115 SKBSHUT 0.600 — — — 11.49 — 24.0 0.755 0.500 — — 7010 HOOVER 0.570 — — — — — 22.8
1.571 0.945 1.410 1.350 7155 SKPRES 1.350 -0.050 509.2 1.371 15.92 3.76 1,687.8 0.500 0.300 0.390 0.385 5062 HUAYANG 0.385 -0.005 729.7 0.385 11.53 — 135.5
1.426 0.765 1.200 1.190 7248 SLP 1.200 UNCH 8.4 1.200 15.00 3.75 380.4 0.534 0.360 0.430 0.420 4251 IBHD 0.430 0.005 54.4 0.423 7.76 4.95 435.4
0.540 0.370 — — 7132 SMISCOR 0.450 — — — — — 20.2 0.750 0.150 0.680 0.680 5084 IBRACO 0.680 0.025 5 0.680 11.20 3.31 337.6
2.036 0.720 0.920 0.890 5665 SSTEEL 0.915 0.010 404.3 0.914 8.83 3.83 396.8 1.860 0.550 1.130 1.120 9687 IDEAL 1.120 -0.010 45.5 1.126 2.43 — 123.7
0.230 0.030 — — 7143 STONE 0.030 — — — — — 2.7 3.047 2.200 — — 5606 IGBB 2.700 — — — 7.54 0.74 1,861.8
0.990 0.400 0.550 0.490 6904 SUBUR 0.510 -0.035 61 0.529 — — 106.6 1.861 1.210 1.370 1.330 5249 IOIPG 1.330 -0.040 3140.6 1.348 9.66 3.76 7,323.2
1.024 0.520 0.660 0.645 7207 SUCCESS 0.655 -0.010 587.5 0.654 30.75 1.53 162.8 0.344 0.190 0.195 0.195 5175 IVORY 0.195 UNCH 18 0.195 — 12.82 95.6
1.700 1.318 1.700 1.680 5211 SUNWAY 1.680 UNCH 2975.2 1.684 12.54 3.24 8,273.9 0.980 0.365 0.755 0.740 1589 IWCITY 0.750 0.005 4793.5 0.747 — — 628.0
1.554 0.960 1.090 1.050 7235 SUPERLN 1.080 0.030 1097.4 1.070 17.17 1.76 172.8 0.380 0.250 0.320 0.290 8923 JIANKUN 0.320 UNCH 3.9 0.313 64.00 — 53.4
2.255 1.400 1.540 1.480 7106 SUPERMX 1.490 -0.040 3595.4 1.502 16.74 2.44 2,026.9 0.100 0.070 0.080 0.080 6769 JKGLAND 0.080 UNCH 105 0.080 38.10 1.25 182.0
0.395 0.180 0.300 0.300 5149 TAS 0.300 UNCH 145.5 0.300 22.39 — 54.0 0.125 0.070 0.095 0.090 3115 KBUNAI 0.090 UNCH 510 0.094 25.71 — 519.9
8.280 4.050 5.330 5.090 4448 TASEK 5.330 0.230 56.5 5.143 — 7.50 658.9 0.940 0.555 — — 7323 KEN 0.680 — — — 5.07 3.68 130.4
0.675 0.405 0.545 0.520 7097 TAWIN 0.535 0.005 263.4 0.536 — — 42.6 1.040 0.675 0.940 0.895 5038 KSL 0.920 0.015 357.9 0.924 4.18 — 954.5
1.020 0.735 0.780 0.775 5289 TECHBND 0.775 UNCH 32.9 0.777 — — 178.3 0.189 0.130 0.155 0.150 3174 L&G 0.150 -0.005 709.5 0.154 14.29 10.00 446.0
0.905 0.590 0.670 0.670 8702 TEXCHEM 0.670 -0.005 235.6 0.670 — 14.93 83.1 1.030 0.630 0.985 0.980 8494 LBICAP 0.980 -0.010 12.8 0.981 22.90 3.06 80.5
3.080 2.070 2.530 2.500 7034 TGUAN 2.500 UNCH 4.4 2.507 7.51 3.20 342.8 0.973 0.600 0.630 0.620 5789 LBS 0.625 UNCH 304.2 0.625 11.36 3.52 974.6
1.600 1.040 — — 7374 TIENWAH 1.400 — — — — 5.71 202.6 0.405 0.270 — — 3573 LIENHOE 0.275 — — — — — 99.5
0.700 0.410 — — 7854 TIMWELL 0.610 — — — 8.36 3.28 54.3 1.190 0.815 — — 7617 MAGNA 0.930 — — — — — 311.5
0.850 0.455 0.475 0.470 7285 TOMYPAK 0.475 UNCH 149.6 0.470 — 4.42 199.4 1.242 0.890 0.940 0.925 8583 MAHSING 0.930 -0.005 305.8 0.932 11.88 6.99 2,257.7
4.230 2.476 3.560 3.520 5010 TONGHER 3.560 -0.020 22.2 3.535 9.02 7.30 560.5 0.826 0.390 0.520 0.510 6181 MALTON 0.510 -0.010 1025.3 0.514 30.54 3.92 269.4
6.297 4.300 4.670 4.560 7113 TOPGLOV 4.600 -0.050 3157.9 4.609 27.20 1.85 11,778.7 2.045 1.707 1.940 1.920 5236 MATRIX 1.920 UNCH 58.4 1.929 7.31 6.77 1,445.4
1.040 0.503 0.660 0.630 7173 TOYOINK 0.630 -0.030 20.1 0.660 19.38 1.59 67.4 1.970 1.480 — — 7189 MBWORLD 1.600 — — — 5.17 6.25 251.8
0.840 0.620 0.760 0.745 5167 TURBO 0.760 0.015 72.1 0.749 12.54 1.32 82.1 0.875 0.500 0.510 0.505 5182 MCT 0.510 UNCH 20 0.509 6.75 — 743.1
3.070 1.953 2.790 2.750 7100 UCHITEC 2.780 -0.020 71.9 2.772 18.03 5.40 1,253.2 0.545 0.340 0.385 0.375 1694 MENANG 0.385 0.010 98.2 0.377 15.52 — 185.1
1.164 0.385 0.540 0.525 7133 ULICORP 0.530 -0.005 973.9 0.534 40.46 6.28 115.4 0.500 0.265 0.290 0.290 5040 MERIDIAN 0.290 -0.005 281 0.290 — — 142.8
2.638 1.910 — — 7137 UMS 2.040 — — — 17.09 2.94 83.0 0.370 0.190 0.290 0.265 8141 MJPERAK 0.275 0.010 3049.1 0.277 23.11 — 70.7
1.068 0.786 — — 7227 UMSNGB 0.960 — — — 9.38 3.13 76.8 1.468 1.110 1.320 1.300 6114 MKH 1.300 -0.010 125.9 1.312 9.58 2.69 762.5
1.180 0.871 1.140 1.070 7091 UNIMECH 1.140 0.070 396.8 1.106 8.05 1.97 181.0 0.280 0.160 0.195 0.190 8893 MKLAND 0.190 0.005 681.8 0.190 11.18 — 229.4
0.750 0.355 0.370 0.360 4995 VERSATL 0.370 UNCH 211 0.365 — — 47.8 0.105 0.020 — — 6548 MPCORP 0.045 — — — — — 12.9
1.946 0.616 1.110 1.080 6963 VS 1.090 UNCH 19250.2 1.098 13.64 3.39 1,979.5 1.029 0.534 0.930 0.915 1651 MRCB 0.920 UNCH 9055 0.921 53.80 1.90 4,047.9
1.630 0.595 0.770 0.755 5142 WASEONG 0.760 UNCH 298 0.761 9.07 — 588.9 0.600 0.390 0.470 0.470 9539 MUH 0.470 -0.050 4 0.470 — — 26.5
0.950 0.240 0.800 0.765 7226 WATTA 0.795 -0.010 160 0.793 — — 67.2 0.320 0.170 0.175 0.175 3913 MUIPROP 0.175 0.005 478.4 0.175 16.20 — 133.7
1.344 1.104 1.270 1.240 7231 WELLCAL 1.270 UNCH 206 1.251 19.01 4.17 632.4 1.440 0.430 1.180 1.150 5073 NAIM 1.170 UNCH 2143.2 1.169 4.29 — 601.1
0.655 0.525 — — 7692 WIDETEC 0.540 — — — 13.64 — 24.2 2.280 1.883 2.020 2.020 5827 OIB 2.020 UNCH 5 2.020 5.49 3.47 312.8
0.871 0.515 0.545 0.545 7050 WONG 0.545 -0.005 10.1 0.545 7.19 — 62.5 1.028 0.835 0.980 0.970 5053 OSK 0.970 -0.010 73.6 0.976 5.82 5.15 2,032.4
0.800 0.500 — — 7025 WOODLAN 0.800 — — — 17.06 — 32.0 2.260 1.692 2.040 2.030 1724 PARAMON 2.030 -0.010 68.6 2.039 9.14 4.19 879.7
1.880 1.020 1.150 1.100 5009 WTHORSE 1.150 0.050 29 1.129 — 6.09 276.0 0.565 0.300 — — 6912 PASDEC 0.405 — — — — — 162.1
0.756 0.415 0.685 0.650 4243 WTK 0.665 0.010 3951.8 0.672 4.05 1.50 320.1 0.040 0.015 0.030 0.025 4464 PHB 0.025 -0.005 15824 0.026 — — 45.0
0.537 0.160 0.315 0.305 7245 WZSATU 0.310 UNCH 701.8 0.309 — 4.84 144.2 1.770 1.070 — — 7055 PLB 1.180 — — — — — 132.6
0.010 0.005 — — 7122 YFG 0.005 — — — — — 3.0 1.595 1.353 — — 5075 PLENITU 1.490 — — — 11.83 3.02 568.5
0.760 0.545 — — 5048 YILAI 0.625 — — — — — 100.0 6.150 5.210 5.630 5.470 7765 RAPID 5.480 -0.090 2528.5 5.553 1053.8 — 585.8
0.455 0.090 0.125 0.120 7020 YKGI 0.125 UNCH 260.1 0.121 — — 43.8 1.120 0.590 — — 4596 SAPRES 0.610 — — — 8.03 — 85.2
0.445 0.200 0.305 0.275 7014 YLI 0.305 0.025 8 0.281 — — 31.4 0.630 0.400 — — 5207 SBCCORP 0.470 — — — 11.58 — 121.3
CONSTRUCTION 0.930 0.600 0.680 0.680 2224 SDRED 0.680 0.005 6 0.680 26.98 3.68 289.8
0.661 0.241 0.435 0.425 5281 ADVCON 0.430 UNCH 625.7 0.427 16.29 2.33 172.9 0.430 0.285 0.350 0.340 4286 SEAL 0.350 UNCH 20 0.340 3.43 — 85.0
0.663 0.274 0.550 0.525 7078 AZRB 0.535 -0.015 4841.2 0.537 21.84 1.66 319.9 2.524 2.108 — — 6017 SHL 2.310 — — — 8.36 10.39 559.3
0.325 0.155 0.195 0.185 5190 BENALEC 0.195 0.010 2399.6 0.189 — 2.05 168.1 1.459 0.897 1.110 1.080 5288 SIMEPROP 1.090 -0.020 501.9 1.087 — 1.83 7,412.9
0.385 0.165 0.190 0.185 5932 BPURI 0.185 UNCH 3301.3 0.185 71.15 — 70.7 0.240 0.135 0.180 0.170 4375 SMI 0.175 UNCH 2117.2 0.171 8.58 — 36.7
0.876 0.725 — — 8761 BREM 0.775 — — — 59.16 2.58 267.7 0.630 0.345 0.370 0.355 5213 SNTORIA 0.370 0.010 153.6 0.363 9.87 — 209.9
1.210 0.790 1.110 1.090 8591 CRESBLD 1.110 0.010 498.2 1.095 2.69 3.60 196.4 6.270 3.950 6.270 6.260 1783 SPB 6.260 -0.010 28.3 6.261 34.78 1.92 2,151.0
1.840 1.574 1.700 1.700 7528 DKLS 1.700 -0.070 1.1 1.700 28.86 1.76 157.6 3.175 1.887 2.240 2.200 8664 SPSETIA 2.200 -0.010 186.2 2.215 14.84 3.89 8,714.5
1.163 0.360 0.555 0.540 5253 ECONBHD 0.540 -0.005 6016 0.545 30.51 2.96 722.3 1.250 0.580 — — 3743 SUNSURIA 0.690 — — — 6.03 — 551.2
0.929 0.411 0.530 0.510 8877 EKOVEST 0.515 -0.015 8790.6 0.517 10.28 1.94 1,102.0 0.741 0.320 0.420 0.420 1538 SYMLIFE 0.420 UNCH 116.8 0.420 2.49 — 247.9
0.708 0.300 0.435 0.415 7047 FAJAR 0.415 -0.015 1696.1 0.426 11.07 3.61 155.1 0.295 0.165 0.225 0.215 4022 TADMAX 0.215 UNCH 647.5 0.218 38.39 — 168.5
0.893 0.475 0.725 0.705 9261 GADANG 0.710 -0.005 7710.8 0.718 5.60 4.23 469.8 0.330 0.240 0.250 0.240 5158 TAGB 0.250 0.005 401.2 0.245 8.59 2.40 1,330.4
5.008 1.948 3.100 3.030 5398 GAMUDA 3.100 0.030 1424.6 3.077 17.17 3.87 7,651.3 0.055 0.025 0.055 0.045 2259 TALAMT 0.055 0.005 32768.6 0.051 — — 232.1
1.688 0.580 1.420 1.370 5226 GBGAQRS 1.380 -0.010 2710.2 1.390 10.29 3.02 682.5 1.023 0.673 0.790 0.775 5191 TAMBUN 0.780 0.010 375.6 0.778 6.10 8.59 338.1
3.953 0.717 1.190 1.160 3204 GKENT 1.170 0.010 2009.4 1.168 7.70 4.27 659.0 0.112 0.045 0.055 0.050 2429 TANCO 0.050 -0.005 55.5 0.055 — — 36.1
0.550 0.280 0.465 0.445 5169 HOHUP 0.450 -0.010 999.7 0.454 6.16 — 168.7 0.485 0.131 0.240 0.225 7889 THRIVEN 0.235 0.005 850.7 0.232 5.68 — 128.5
1.610 1.272 1.420 1.420 6238 HSL 1.420 UNCH 20 1.420 14.52 1.69 827.4 0.120 0.045 0.075 0.065 7079 TIGER 0.075 0.005 1470.1 0.070 — — 90.7
2.895 1.373 2.200 2.180 3336 IJM 2.180 -0.020 1324.9 2.189 41.84 2.29 7,925.8 0.520 0.285 0.305 0.300 5239 TITIJYA 0.300 UNCH 1707.2 0.300 6.99 0.83 403.3
0.415 0.090 0.170 0.155 5268 IKHMAS 0.165 0.005 4179.1 0.165 — — 90.0 0.898 0.778 0.880 0.865 5401 TROP 0.880 0.010 88.6 0.873 7.55 3.16 1,294.0
0.630 0.444 — — 8834 IREKA 0.550 — — — — 3.64 102.7 1.006 0.620 0.830 0.815 5148 UEMS 0.815 -0.015 1468.9 0.821 13.56 1.23 3,698.0
1.560 0.405 0.865 0.820 4723 JAKS 0.860 0.040 14020.7 0.846 27.30 — 502.8 2.549 1.840 2.140 2.110 5200 UOADEV 2.120 -0.020 214.4 2.126 10.03 7.08 3,911.1
1.735 0.990 1.270 1.260 7161 KERJAYA 1.270 UNCH 235.3 1.265 11.39 1.57 1,577.3 0.245 0.105 0.125 0.125 6378 WMG 0.125 UNCH 141.2 0.125 — — 53.3
2.104 1.000 1.180 1.170 5171 KIMLUN 1.180 UNCH 173.3 1.179 6.30 4.66 391.6 0.980 0.910 — — 7003 Y&G 0.910 — — — 16.40 — 181.4
1.060 0.735 0.880 0.805 9628 LEBTECH 0.870 0.065 1.6 0.852 1087.5 — 118.7 1.660 1.040 1.160 1.140 3158 YNHPROP 1.150 -0.020 6689.6 1.153 39.25 0.61 608.3
0.685 0.426 — — 5129 MELATI 0.500 — — — 25.00 2.00 60.0 1.550 0.300 0.360 0.355 7066 YONGTAI 0.360 UNCH 758.8 0.357 — — 174.8
1.433 0.800 — — 8192 MERCURY 0.800 — — — 23.81 5.00 32.1 0.500 0.370 0.400 0.390 2577 YTLLAND 0.395 0.005 601.3 0.395 — — 333.5
1.800 0.240 1.750 1.710 5006 MERGE 1.720 -0.040 64.5 1.730 — — 115.2 TRANSPORTATION & LOGISTICS
1.430 0.665 0.780 0.750 7595 MGB 0.750 -0.010 25.5 0.773 11.74 — 372.7 9.926 6.900 7.140 7.050 5014 AIRPORT 7.110 0.020 1757 7.097 17.61 1.83 11,796.9
0.638 0.225 0.420 0.405 9571 MITRA 0.410 -0.005 958.7 0.411 7.30 4.88 367.4 1.871 1.180 — — 8133 BHIC 1.300 — — — — 2.69 323.0
0.240 0.115 0.185 0.175 5924 MTDACPI 0.180 0.005 59 0.181 — — 41.7 5.835 4.345 4.880 4.710 5032 BIPORT 4.870 0.120 1.9 4.784 15.78 2.87 2,240.2
0.730 0.265 0.375 0.355 5085 MUDAJYA 0.365 -0.010 691.4 0.365 — — 221.0 0.475 0.330 — — 7187 CHGP 0.350 — — — 17.41 — 104.0
3.200 2.452 2.900 2.870 5703 MUHIBAH 2.880 UNCH 329.6 2.881 9.56 2.43 1,393.0 0.784 0.385 0.445 0.435 7117 CJCEN 0.445 0.005 134.2 0.442 17.87 1.69 175.4
0.440 0.220 0.280 0.270 7071 OCR 0.280 0.005 1224.4 0.275 — — 90.1 0.930 0.535 0.870 0.865 5136 COMPLET 0.865 -0.005 223.8 0.868 9.37 — 108.5
0.900 0.730 — — 5622 PEB 0.900 — — — 0.45 — 62.2 0.605 0.280 0.510 0.495 5259 EATECH 0.500 -0.015 1639.5 0.499 3.39 — 252.0
0.365 0.170 0.245 0.235 8311 PESONA 0.245 0.010 1935.9 0.240 20.59 4.08 170.3 0.767 0.505 0.615 0.610 7210 FREIGHT 0.615 UNCH 365.7 0.612 9.76 5.41 171.7
0.822 0.190 0.275 0.265 5070 PRTASCO 0.275 UNCH 929.2 0.270 — 18.44 136.2 0.600 0.255 0.345 0.340 0078 GDEX 0.340 -0.005 2842.2 0.341 70.83 0.59 1,918.1
0.165 0.095 0.145 0.130 7145 PSIPTEK 0.135 UNCH 7950.8 0.136 27.55 — 47.1 0.450 0.280 0.295 0.295 7676 GUNUNG 0.295 0.010 7 0.295 — — 69.7
2.937 2.050 2.300 2.180 9598 PTARAS 2.300 0.140 38 2.281 25.64 8.70 381.5 0.760 0.611 — — 2062 HARBOUR 0.705 — — — 7.67 1.42 282.3
0.689 0.315 0.380 0.370 6807 PUNCAK 0.380 -0.005 262.5 0.376 — 1.32 170.7 0.130 0.030 0.060 0.055 7013 HUBLINE 0.060 UNCH 20543.1 0.060 46.15 — 229.1
1.090 0.455 0.510 0.495 5205 SENDAI 0.495 -0.010 6601.2 0.504 5.47 — 386.6 0.790 0.385 0.400 0.395 5614 ILB 0.400 0.010 50.1 0.395 — — 78.0
2.307 1.272 1.990 1.960 5263 SUNCON 1.960 UNCH 167.7 1.978 17.50 3.57 2,534.1 5.586 3.437 4.350 4.260 6645 LITRAK 4.260 -0.140 27.9 4.273 9.79 5.87 2,249.2
0.285 0.210 0.260 0.250 9717 SYCAL 0.260 0.015 464.8 0.256 35.14 — 108.2 0.155 0.055 0.105 0.100 5078 M&G 0.105 0.010 10.5 0.100 — 47.62 76.0
0.695 0.405 0.695 0.665 5054 TRC 0.680 0.005 4312.8 0.682 15.70 4.12 326.7 0.715 0.410 0.650 0.590 5077 MAYBULK 0.595 -0.025 5625.9 0.622 2.26 — 595.0
0.580 0.295 — — 5042 TSRCAP 0.400 — — — — — 69.8 7.220 4.852 6.700 6.640 3816 MISC 6.650 -0.040 657.7 6.651 22.62 4.51 29,684.2
0.360 0.180 — — 0301 UNIWALL 0.360 — — — 22.50 — 131.7 1.720 0.810 1.040 0.995 2194 MMCCORP 1.000 -0.020 5934.1 1.008 13.70 4.00 3,045.1
1.040 0.770 0.985 0.970 7070 VIZIONE 0.980 -0.010 948.4 0.975 8.88 — 548.4 0.450 0.200 0.350 0.275 9806 NATWIDE 0.340 -0.015 120.3 0.341 — — 41.9
1.020 0.465 0.635 0.590 3565 WCEHB 0.620 0.040 7531 0.616 72.94 — 621.7 0.070 0.025 0.040 0.035 6254 PDZ 0.035 -0.005 131.5 0.036 — — 23.9
1.255 0.660 0.905 0.890 9679 WCT 0.900 -0.005 4733.9 0.898 11.31 3.33 1,274.8 4.371 1.550 1.860 1.830 4634 POS 1.830 -0.020 363.1 1.843 321.05 4.37 1,432.5
0.630 0.150 0.325 0.305 7028 ZECON 0.320 0.015 7367.2 0.316 3.79 — 41.9 0.970 0.295 0.405 0.405 8346 PRKCORP 0.405 -0.005 20.5 0.405 — — 40.5
0.125 0.025 0.095 0.090 2283 ZELAN 0.090 UNCH 1280.1 0.090 — — 76.0 0.260 0.090 0.235 0.220 5145 SEALINK 0.225 UNCH 5177.5 0.227 — — 112.5
HEALTH CARE 1.273 0.910 — — 7053 SEEHUP 0.980 — — — — 3.21 78.8
0.610 0.350 0.355 0.350 7191 ADVENTA 0.350 -0.005 32 0.353 — — 53.5 1.535 1.203 1.400 1.370 6521 SURIA 1.390 -0.010 7.2 1.390 9.07 2.10 480.7
9.830 5.289 9.000 8.890 7090 AHEALTH 8.920 0.040 6.3 8.955 17.85 1.51 1,050.0 0.405 0.210 0.305 0.300 5173 SYSCORP 0.305 UNCH 172.6 0.305 64.89 — 366.0
1.463 0.925 1.320 1.270 7148 DPHARMA 1.310 0.030 2036.3 1.303 18.07 3.11 867.1 0.395 0.180 0.300 0.300 5149 TAS 0.300 UNCH 145.5 0.300 22.39 — 54.0
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
MONDAY AP R I L 8 , 20 1 9 • T HE ED G E FINA NCIA L DA ILY
Markets 2 7
BURSA MAL AYSIA MAIN MARKET . ACE MARKET

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
1.967 0.990 1.550 1.530 5140 TASCO 1.540 -0.010 36.8 1.542 19.27 2.92 308.0 0.235 0.060 0.120 0.100 5255 ICON 0.115 0.015 46151.9 0.113 — — 135.4
1.160 0.580 0.595 0.585 8397 TNLOGIS 0.595 UNCH 178.7 0.590 15.66 — 274.2 0.225 0.070 0.170 0.160 7164 KNM 0.165 UNCH 41138.7 0.165 — — 391.0
1.150 0.350 0.650 0.615 7218 TOCEAN 0.650 -0.005 10.6 0.647 185.71 — 26.6 0.865 0.495 0.825 0.805 5186 MHB 0.810 -0.005 200 0.813 — 3.70 1,296.0
4.000 2.995 3.800 3.700 5246 WPRTS 3.800 0.050 712.8 3.751 24.30 3.09 12,958.0 1.260 0.315 1.150 1.090 5133 PENERGY 1.090 -0.040 561.1 1.122 — 1.83 350.7
1.130 0.620 0.815 0.790 5267 XINHWA 0.795 -0.005 589 0.796 32.72 1.26 171.7 0.540 0.175 0.420 0.410 7108 PERDANA 0.415 0.005 15531.7 0.413 — — 323.1
PLANTATION 9.659 6.010 6.750 6.560 3042 PETRONM 6.580 0.010 213.9 6.643 7.92 3.80 1,776.6
0.210 0.140 — — 7054 AASIA 0.150 — — — — — 99.0 0.520 0.210 0.315 0.310 5256 REACH 0.310 -0.005 4819.4 0.312 — — 339.9
18.009 15.827 16.960 16.920 1899 BKAWAN 16.920 UNCH 1.7 16.929 15.98 3.25 7,376.3 0.910 0.255 0.360 0.350 5218 SAPNRG 0.355 0.005 87149.7 0.355 — — 5,672.6
8.060 6.700 — — 5069 BLDPLNT 6.720 — — — — 0.45 628.3 0.145 0.040 0.145 0.110 7158 SCOMI 0.110 0.045 211743 0.121 — — 120.3
1.295 0.655 0.785 0.780 5254 BPLANT 0.780 UNCH 991.1 0.780 — 8.97 1,747.2 0.140 0.030 0.135 0.115 7045 SCOMIES 0.120 -0.010 41174 0.122 — — 281.0
0.790 0.530 0.605 0.605 8982 CEPAT 0.605 UNCH 30 0.605 35.80 2.48 192.7 4.223 2.792 3.850 3.790 5279 SERBADK 3.800 -0.020 2795 3.828 14.27 2.11 5,580.3
7.833 6.343 — — 1929 CHINTEK 6.620 — — — 8.87 2.72 604.8 0.075 0.005 0.010 0.005 1201 SUMATEC 0.010 UNCH 3759 0.009 — — 42.5
0.595 0.435 0.490 0.485 3948 DUTALND 0.490 UNCH 122.2 0.486 61.25 — 414.6 0.585 0.300 0.540 0.525 7228 T7GLOBAL 0.530 -0.005 1677.3 0.531 28.65 — 222.3
3.459 2.650 — — 5029 FAREAST 2.670 — — — 57.79 1.71 1,585.5 0.090 0.025 0.070 0.065 7206 THHEAVY 0.070 0.005 5631.7 0.065 — — 78.5
2.000 0.630 1.230 1.190 5222 FGV 1.190 UNCH 9511 1.208 — 4.41 4,341.3 1.510 0.550 1.010 0.985 7250 UZMA 0.985 -0.005 1054.5 0.995 17.97 — 315.2
10.780 9.002 10.520 10.460 2291 GENP 10.500 -0.020 761.1 10.50 51.17 1.24 8,494.1 0.325 0.165 0.310 0.300 5243 VELESTO 0.305 UNCH 18501.7 0.305 — — 2,505.8
0.530 0.335 — — 7382 GLBHD 0.370 — — — — 2.70 82.5 1.630 0.595 0.770 0.755 5142 WASEONG 0.760 UNCH 298 0.761 9.07 — 588.9
1.100 0.550 0.680 0.680 2135 GOPENG 0.680 0.010 1.5 0.680 340.00 3.93 182.9 4.905 3.665 4.590 4.560 7293 YINSON 4.570 UNCH 3617.3 4.573 20.95 1.31 4,996.9
0.700 0.340 0.700 0.700 7501 HARNLEN 0.700 0.005 82 0.700 — — 129.8
2.464 1.601 1.740 1.740 5138 HSPLANT 1.740 0.010 29 1.740 47.80 1.44 1,392.0
2.610 1.300 — — 2216 IJMPLNT 1.540 — — — — 3.25 1,356.1
0.710 0.610 0.630 0.625 2607 INCKEN 0.630 0.005 11 0.626 — 1.73 265.1
0.864 0.605 — — 6262 INNO 0.740 — — — 34.91 6.76 354.4
4.715 4.064 4.550 4.480 1961 IOICORP 4.480 -0.020 455.3 4.488 39.72 1.79 28,155.0
0.866 0.430 0.600
25.502 22.832 24.780 24.680
0.545 4383
2445
JTIASA
KLK
0.585
24.760
0.035
-0.040
2984.5
172.5
0.580 —
24.75 38.55
0.85
1.82
569.6
26,431.4
Ace Market
4.239 3.110 — — 2453 KLUANG 3.170 — — — — 0.31 200.3 YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
1.367 1.130 1.250 1.220 5027 KMLOONG 1.220 UNCH 28 1.235 21.82 4.92 1,141.2 HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
0.850 0.365 0.405 0.400 1996 KRETAM 0.400 UNCH 85 0.403 — 2.50 931.1
1.500 0.800 — — 6572 KWANTAS 0.815 — — — — — 254.0 CONSUMER PRODUCTS & SERVICES
0.995 0.760 — — 4936 MALPAC 0.850 — — — — 11.76 63.8 0.740 0.325 0.690 0.680 0098 BAHVEST 0.690 -0.005 1915.2 0.684 35.38 — 844.0
0.795 0.560 0.600 0.590 5026 MHC 0.590 -0.010 27.1 0.600 26.34 3.39 116.0 0.275 0.190 0.215 0.210 0179 BIOHLDG 0.210 -0.005 123.1 0.213 14.29 0.52 180.6
2.000 1.700 1.790 1.700 5047 NPC 1.790 UNCH 4.9 1.749 — 0.56 214.8 0.350 0.185 0.190 0.185 0205 DPIH 0.190 Unch 1777.4 0.189 6.09 — 92.5
3.712 3.110 — — 2038 NSOP 3.300 — — — 13.74 1.82 231.7 0.180 0.120 0.135 0.130 0116 FOCUS 0.135 0.005 2878.4 0.130 — — 275.7
0.690 0.140 0.330 0.330 1902 PINEPAC 0.330 -0.010 46 0.330 — — 49.4 0.445 0.160 0.395 0.360 0157 FOCUSP 0.395 0.045 863.1 0.381 9.19 2.53 65.2
1.120 0.650 0.970 0.965 9695 PLS 0.970 UNCH 731 0.967 — — 340.2 0.150 0.085 0.115 0.110 0074 GOCEAN 0.110 -0.005 555 0.110 — — 31.9
0.330 0.140 0.190 0.190 5113 RSAWIT 0.190 UNCH 27.5 0.190 — — 269.5 0.140 0.035 0.045 0.040 0170 KANGER 0.045 Unch 2855.2 0.040 — — 40.2
3.954 2.750 — — 2542 RVIEW 2.750 — — — 35.99 2.18 178.3 0.205 0.125 0.180 0.175 0180 KTC 0.175 Unch 76 0.178 — — 89.3
3.178 2.740 — — 2569 SBAGAN 2.910 — — — — 0.69 193.0 0.190 0.105 0.125 0.120 0182 LKL 0.120 -0.005 135 0.120 — 2.92 51.5
0.610 0.320 0.330 0.330 4316 SHCHAN 0.330 -0.030 8 0.330 — — 43.5 0.773 0.277 0.475 0.460 0201 NOVA 0.460 -0.015 55.5 0.464 17.90 1.09 146.2
5.596 3.950 5.150 5.090 5285 SIMEPLT 5.150 0.100 711.2 5.122 66.88 2.00 35,455.6 0.200 0.110 — — 0153 OVERSEA 0.125 — — — — — 30.8
3.680 1.960 2.470 2.460 5126 SOP 2.470 0.040 4.2 2.460 22.98 2.43 1,410.1 0.145 0.070 0.075 0.075 0022 PARLO 0.075 Unch 1020 0.075 — — 27.3
1.800 1.420 1.600 1.550 5135 SWKPLNT 1.600 UNCH 22 1.577 40.00 3.13 448.0 0.400 0.235 0.395 0.365 0171 PLABS 0.370 Unch 979.9 0.378 20.44 1.62 79.5
3.163 1.882 2.380 2.340 5012 TAANN 2.380 UNCH 77.5 2.363 13.07 4.20 1,058.7 0.560 0.433 0.520 0.500 0158 SCC 0.510 Unch 34 0.505 10.24 6.67 72.0
0.372 0.145 0.195 0.185 2054 TDM 0.185 -0.005 3471.2 0.188 — 2.70 311.3 0.300 0.135 0.180 0.170 0140 STERPRO 0.180 0.005 106 0.173 — — 57.8
0.826 0.455 0.520 0.500 5112 THPLANT 0.505 -0.010 161.9 0.508 — 7.13 446.3 0.280 0.130 0.160 0.155 0148 SUNZEN 0.160 Unch 215.2 0.159 — 1.88 84.6
1.427 0.960 1.030 1.020 9059 TSH 1.020 -0.010 42.4 1.022 35.05 1.96 1,409.4 0.393 0.190 0.315 0.310 0197 WEGMANS 0.315 Unch 918.6 0.311 12.91 1.59 157.5
6.505 5.101 5.400 5.400 2593 UMCCA 5.400 0.050 0.1 5.400 — 1.48 1,132.3 0.060 0.025 0.035 0.030 0095 XINGHE 0.030 Unch 1074.5 0.031 — — 77.2
28.062 25.000 27.720 27.600 2089 UTDPLT 27.600 UNCH 1.5 27.61 15.40 1.45 5,744.5 INDUSTRIAL PRODUCTS & SERVICES
TELECOMMUNICATIONS & MEDIA 0.300 0.210 — — 0122 AIM 0.250 — — — — — 66.5
0.180 0.075 0.140 0.135 0159 AMEDIA 0.135 UNCH 2664.3 0.135 — — 32.3 0.104 0.060 0.075 0.070 0105 ASIAPLY 0.075 Unch 298.1 0.071 — 6.67 33.8
0.700 0.610 — — 7031 AMTEL 0.665 — — — 332.5 — 36.0 0.090 0.045 0.055 0.055 0072 AT 0.055 0.005 504.9 0.055 — — 25.5
1.967 1.026 1.600 1.580 6399 ASTRO 1.590 -0.010 1798.7 1.595 17.87 5.66 8,290.8 0.250 0.140 0.200 0.195 0187 BCMALL 0.195 Unch 317 0.195 9.85 — 82.1
5.359 3.200 4.180 4.150 6888 AXIATA 4.180 UNCH 1424.6 4.168 — 2.27 37,924.3 0.260 0.155 0.160 0.155 0163 CAREPLS 0.155 -0.010 985 0.159 — — 82.4
0.375 0.120 — — 6025 BJMEDIA 0.190 — — — — — 44.7 0.190 0.100 0.105 0.100 0102 CONNECT 0.100 -0.005 1046.7 0.100 — — 32.9
4.733 3.803 4.700 4.670 6947 DIGI 4.700 0.010 2471.8 4.696 23.71 4.17 36,542.5 0.346 0.170 — — 0190 ESAFE 0.210 — — — 58.33 8.57 50.5
0.405 0.180 0.300 0.290 0059 ECOHLDS 0.300 UNCH 155.1 0.297 — — 48.8 0.237 0.105 0.165 0.155 0100 ESCERAM 0.160 -0.015 3643.8 0.160 — 3.75 32.9
0.450 0.280 0.325 0.315 0082 GPACKET 0.325 0.005 457.9 0.317 — — 295.4 0.550 0.336 0.525 0.520 0039 GFM 0.525 Unch 1181.6 0.523 29.83 1.75 247.2
5.782 5.055 5.600 5.470 6012 MAXIS 5.490 -0.110 429.4 5.506 24.08 3.64 42,913.4 0.235 0.115 — — 0175 HHGROUP 0.120 — — — — — 40.7
0.600 0.250 0.530 0.515 4502 MEDIA 0.520 -0.005 755.9 0.521 9.85 — 576.8 0.125 0.080 0.095 0.095 0160 HHHCORP 0.095 0.005 567 0.095 15.83 — 31.7
0.317 0.181 0.220 0.220 5090 MEDIAC 0.220 UNCH 531.2 0.220 0.97 6.86 371.2 0.280 0.120 — — 0188 HLT 0.130 — — — — — 66.6
0.805 0.400 0.605 0.590 0172 OCK 0.590 -0.005 2636.6 0.595 21.45 1.69 514.2 0.085 0.035 0.055 0.050 0024 JAG 0.055 0.005 1412.6 0.053 42.31 3.45 83.4
0.464 0.326 — — 7190 PPG 0.370 — — — 41.57 1.35 37.0 0.297 0.181 0.210 0.205 0193 KAB 0.205 -0.010 289 0.209 7.65 4.88 65.6
0.475 0.200 0.230 0.225 5252 SASBADI 0.230 UNCH 1206.3 0.227 47.92 2.91 96.4 0.170 0.085 — — 0167 MCLEAN 0.095 — — — — — 17.0
0.860 0.510 — — 9431 SJC 0.580 — — — — — 23.5 0.260 0.120 0.145 0.130 0081 MEGASUN 0.135 Unch 289 0.137 27.00 — 30.4
1.232 0.597 0.745 0.730 6084 STAR 0.735 -0.010 330.8 0.738 105.00 4.08 542.8 0.140 0.045 0.050 0.050 0177 PASUKGB 0.050 Unch 1000 0.050 — — 40.6
8.850 6.890 8.710 8.690 5031 TIMECOM 8.700 UNCH 3335.2 8.700 17.56 1.06 5,078.2 0.260 0.120 0.140 0.140 0038 PTB 0.140 -0.005 3 0.140 — — 26.1
5.635 2.097 3.120 3.100 4863 TM 3.100 -0.030 938.2 3.101 75.61 0.65 11,649.6 0.380 0.165 0.245 0.240 0196 QES 0.245 0.005 539.2 0.241 13.03 — 185.8
0.450 0.085 0.150 0.150 5754 UTUSAN 0.150 UNCH 1.2 0.150 — — 16.6 0.180 0.050 0.055 0.055 0133 SANICHI 0.055 -0.005 65 0.055 — — 61.0
TECHNOLOGY 0.205 0.090 0.125 0.115 0161 SCH 0.120 0.005 1046.2 0.119 — — 66.7
0.700 0.610 — — 7031 AMTEL 0.665 — — — 332.50 — 36.0 0.920 0.280 0.840 0.810 0001 SCOMNET 0.820 0.010 951.8 0.826 38.32 — 527.3
0.220 0.120 0.150 0.145 5195 CENSOF 0.150 UNCH 45 0.148 — — 75.3 0.250 0.115 0.240 0.230 0028 SCOPE 0.240 0.005 2767 0.237 — 2.08 148.0
0.470 0.130 0.225 0.220 0051 CUSCAPI 0.225 0.005 2282.1 0.222 — — 193.3 0.170 0.080 0.100 0.095 0055 SERSOL 0.100 0.005 414.8 0.097 — — 21.5
0.993 0.542 0.705 0.695 7204 D&O 0.695 -0.010 1094.4 0.699 20.38 1.19 769.2 0.559 0.254 0.325 0.315 0084 TECFAST 0.325 0.005 237.7 0.320 18.57 3.08 74.1
0.295 0.175 0.235 0.225 8338 DATAPRP 0.225 -0.005 897.3 0.229 — — 94.8 0.739 0.510 0.510 0.510 0089 TEXCYCL 0.510 -0.010 17 0.510 16.61 1.96 130.7
0.115 0.040 0.050 0.050 0029 DIGISTA 0.050 0.005 115 0.050 — — 32.9 0.390 0.220 0.310 0.300 0162 WIDAD 0.310 Unch 3550.8 0.305 — — 760.9
0.465 0.195 0.310 0.295 4456 DNEX 0.300 -0.010 17056.5 0.302 14.85 1.67 527.4 0.180 0.125 — — 0025 YBS 0.140 — — — 11.20 — 33.9
0.994 0.285 0.530 0.520 5216 DSONIC 0.520 -0.010 4721.2 0.523 16.56 6.73 702.0 TECHNOLOGY
0.840 0.335 0.565 0.550 5036 EDARAN 0.560 UNCH 428.8 0.559 4.64 — 33.6 0.455 0.190 0.240 0.240 0181 AEMULUS 0.240 Unch 545.5 0.240 25.00 0.83 131.7
1.170 0.324 0.480 0.460 0065 EFORCE 0.460 -0.005 3837 0.469 28.75 3.26 190.9 0.280 0.080 0.100 0.095 0119 APPASIA 0.095 Unch 61.4 0.096 73.08 — 32.8
1.447 0.990 1.010 0.990 0090 ELSOFT 1.000 -0.010 494.9 0.999 16.58 4.58 665.9 0.535 0.155 0.275 0.265 0068 ASDION 0.265 -0.005 1031.7 0.267 — — 30.8
1.150 0.338 1.150 1.100 0128 FRONTKN 1.140 0.040 13019.9 1.132 22.89 1.32 1,200.9 0.519 0.351 0.390 0.385 0195 BINACOM 0.390 Unch 92.5 0.389 10.57 2.56 101.4
0.240 0.080 — — 9377 FSBM 0.095 — — — — — 13.4 0.456 0.200 0.270 0.265 0191 CABNET 0.270 Unch 39.3 0.269 8.79 3.52 48.3
1.860 1.030 1.690 1.680 0021 GHLSYS 1.690 UNCH 328.2 1.687 49.27 — 1,247.2 0.185 0.098 0.120 0.120 0152 DGB 0.120 Unch 30 0.120 — — 90.7
0.450 0.280 0.325 0.315 0082 GPACKET 0.325 0.005 457.9 0.317 — — 295.4 0.180 0.065 0.080 0.075 0131 DGSB 0.075 Unch 636.5 0.080 — — 55.9
0.235 0.180 0.210 0.205 0056 GRANFLO 0.205 UNCH 51 0.205 17.83 2.93 99.0 0.040 0.010 0.020 0.015 0154 EAH 0.015 Unch 40766 0.015 — — 76.1
2.813 1.368 1.900 1.850 7022 GTRONIC 1.880 0.030 1371.2 1.879 17.89 1.37 1,257.9 0.180 0.015 0.035 0.030 0107 EDUSPEC 0.030 -0.005 4159.2 0.030 — — 33.1
1.160 0.340 0.845 0.805 5028 HTPADU 0.815 -0.025 1597.2 0.821 — — 82.5 2.015 1.111 1.730 1.700 0104 GENETEC 1.700 -0.040 97 1.707 6.77 2.94 71.9
2.474 1.205 1.680 1.640 0166 INARI 1.670 0.030 16169.8 1.663 20.69 3.77 5,295.8 0.100 0.045 0.050 0.050 0045 GNB 0.050 Unch 100 0.050 — — 14.4
0.370 0.250 0.285 0.270 0192 INTA 0.280 0.015 1875.3 0.277 7.07 — 149.9 0.120 0.020 0.025 0.025 0174 IDMENSN 0.025 Unch 300 0.025 — — 6.8
0.155 0.070 0.110 0.100 9393 ITRONIC 0.110 -0.005 5.8 0.100 — — 12.4 0.490 0.185 0.450 0.430 0023 IFCAMSC 0.440 Unch 13492.6 0.438 22.22 1.14 267.6
0.345 0.155 0.200 0.195 5161 JCY 0.200 UNCH 1028 0.200 — 2.50 415.4 0.120 0.045 0.080 0.075 0094 INIX 0.080 Unch 4178.8 0.080 — — 20.7
18.130 7.360 8.190 8.000 9334 KESM 8.000 -0.200 96.9 8.053 17.31 2.31 344.1 0.190 0.115 0.155 0.150 0010 IRIS 0.150 Unch 2038.6 0.152 — — 444.9
0.245 0.095 0.115 0.105 0143 KEYASIC 0.110 0.005 8071.2 0.110 22.00 — 104.6 1.030 0.590 0.910 0.890 0146 JFTECH 0.895 -0.010 177.3 0.903 194.57 1.34 187.9
3.341 1.358 2.160 2.120 5286 MI 2.130 -0.020 254.4 2.137 20.32 — 1,065.0 1.450 0.696 1.290 1.260 0127 JHM 1.260 -0.010 1495.9 1.277 16.91 1.59 702.6
1.347 0.653 0.885 0.840 0113 MMSV 0.850 -0.010 263.7 0.862 19.02 2.12 173.2 0.292 0.108 0.250 0.240 0111 K1 0.245 0.005 6385.3 0.245 26.92 — 178.6
13.087 7.363 9.860 9.760 3867 MPI 9.800 -0.010 156.8 9.803 12.71 2.96 2,056.9 0.095 0.040 0.045 0.045 0036 KGROUP 0.045 Unch 6064.7 0.045 — — 23.4
1.930 0.950 1.530 1.520 5011 MSNIAGA 1.520 UNCH 42.9 1.521 — — 91.8 0.810 0.430 0.605 0.590 0176 KRONO 0.590 -0.005 2057.3 0.595 12.66 — 235.3
2.980 0.655 1.570 1.520 0138 MYEG 1.530 UNCH 37925.8 1.544 69.55 1.24 5,517.6 0.185 0.115 0.150 0.140 0018 LAMBO 0.145 Unch 8818.5 0.145 13.68 — 304.8
0.290 0.190 0.250 0.240 0041 MYSCM 0.250 0.010 81 0.240 — — 66.4 0.545 0.285 0.300 0.290 0075 LYC 0.295 -0.005 88.2 0.293 — — 95.8
0.778 0.507 0.575 0.570 0083 NOTION 0.570 -0.005 678.1 0.571 2.54 1.75 189.9 0.110 0.040 0.055 0.050 0017 M3TECH 0.050 -0.005 40 0.051 — — 29.3
0.520 0.335 0.395 0.390 9008 OMESTI 0.395 -0.005 816 0.391 — — 188.6 0.340 0.205 — — 0155 MGRC 0.270 — — — — — 27.9
3.920 1.700 3.920 3.730 7160 PENTA 3.870 0.120 2336.7 3.838 21.45 — 1,225.2 0.580 0.335 — — 0126 MICROLN 0.410 — — — — — 68.6
1.710 0.255 0.555 0.535 5204 PRESBHD 0.540 -0.010 7621.5 0.542 360.00 3.15 261.4 0.368 0.190 0.255 0.250 0112 MIKROMB 0.250 -0.005 103 0.254 28.09 4.00 107.7
0.450 0.240 0.415 0.400 9075 THETA 0.415 UNCH 33.1 0.408 — — 44.5 0.065 0.035 0.040 0.040 0085 MLAB 0.040 Unch 410 0.040 — — 26.8
0.040 0.010 0.025 0.020 0118 TRIVE 0.020 0.005 105006 0.020 — — 46.9 0.310 0.160 0.215 0.215 0034 MMAG 0.215 -0.005 31 0.215 — — 146.7
0.200 0.105 — — 4359 TURIYA 0.150 — — — — — 34.3 0.080 0.035 0.040 0.040 0103 MNC 0.040 -0.005 170 0.040 — — 19.1
3.300 1.574 2.630 2.590 5005 UNISEM 2.600 -0.040 22.3 2.604 19.79 2.88 1,908.0 0.210 0.100 0.130 0.125 0156 MPAY 0.125 -0.005 624.1 0.126 — — 88.8
8.492 5.046 7.200 7.050 0097 VITROX 7.160 0.060 33.6 7.142 31.92 0.66 3,369.4 0.070 0.025 0.030 0.025 0070 MQTECH 0.030 Unch 130 0.026 — — 17.9
1.158 0.907 0.995 0.995 5162 VSTECS 0.995 0.005 26.5 0.995 7.26 5.03 179.1 0.140 0.055 0.060 0.055 0092 MTOUCHE 0.060 Unch 31 0.058 150.00 — 30.5
0.615 0.415 0.475 0.450 0008 WILLOW 0.450 -0.010 239 0.460 19.74 2.22 223.2 1.274 0.623 0.820 0.805 0108 N2N 0.815 0.005 210.1 0.812 32.21 4.91 487.3
UTILITIES 0.035 0.010 0.020 0.015 0020 NETX 0.020 0.005 3675.6 0.016 — — 56.0
0.444 0.090 0.150 0.140 7471 EDEN 0.145 UNCH 8138.7 0.145 — — 57.0 0.070 0.010 0.020 0.015 0096 NEXGRAM 0.020 Unch 1713.9 0.018 — — 41.4
2.908 2.588 2.870 2.780 5209 GASMSIA 2.820 -0.050 229.9 2.800 20.07 4.79 3,620.9 0.205 0.080 0.130 0.125 0026 NOVAMSC 0.130 Unch 2121 0.126 46.43 — 97.7
2.060 1.114 1.530 1.500 5843 KPS 1.520 0.030 692.1 1.517 — 2.80 816.8 1.152 0.320 0.690 0.670 0035 OPCOM 0.675 -0.015 856.3 0.679 15.88 4.81 108.8
1.012 0.745 0.925 0.910 5264 MALAKOF 0.910 UNCH 1151.2 0.916 1.86 6.15 4,550.0 0.369 0.252 0.340 0.335 0040 OPENSYS 0.335 -0.005 99.8 0.339 9.80 3.73 99.8
3.990 2.990 3.830 3.790 3069 MFCB 3.800 -0.050 287.2 3.803 10.46 1.05 1,587.1 0.230 0.040 0.210 0.200 0079 ORION 0.210 0.010 18235.4 0.206 — — 125.8
1.275 1.020 1.170 1.170 5041 PBA 1.170 UNCH 11 1.170 — 3.42 387.6 0.730 0.240 0.310 0.310 0006 PINEAPP 0.310 -0.045 4 0.310 620.00 — 15.0
19.757 16.378 17.600 17.460 6033 PETGAS 17.520 UNCH 480.3 17.519 19.15 4.11 34,667.4 0.150 0.045 0.070 0.065 0123 PRIVA 0.070 Unch 114 0.067 — — 39.1
1.509 0.603 1.390 1.330 5272 RANHILL 1.370 0.040 388.8 1.363 28.72 4.38 1,217.0 1.504 0.474 1.230 1.210 0200 REVENUE 1.210 -0.020 273.2 1.216 30.25 — 269.6
0.356 0.220 0.300 0.285 8567 SALCON 0.295 0.010 4188.3 0.293 84.29 2.71 249.9 0.750 0.525 0.730 0.715 0106 REXIT 0.715 -0.010 28.4 0.721 16.86 4.20 135.4
0.945 0.417 0.920 0.905 8524 TALIWRK 0.915 0.005 1456.4 0.911 20.20 5.25 1,844.5 0.650 0.230 0.235 0.235 0202 RGTECH 0.235 Unch 20.4 0.235 33.57 — 123.4
15.490 12.285 12.720 12.600 5347 TENAGA 12.620 -0.020 3182.2 12.644 19.21 4.22 71,768.5 0.285 0.090 0.130 0.120 0178 SEDANIA 0.125 Unch 204 0.124 — 8.00 28.2
1.427 0.882 1.120 1.090 4677 YTL 1.110 UNCH 1265.3 1.107 44.58 3.60 12,110.7 0.565 0.370 0.560 0.540 0203 SMETRIC 0.540 -0.005 248.4 0.554 216.00 — 131.5
1.208 0.694 0.880 0.875 6742 YTLPOWR 0.880 UNCH 374.6 0.879 12.70 5.68 7,179.2 0.185 0.095 0.120 0.115 0117 SMRT 0.120 Unch 145 0.118 11.32 — 48.8
CLOSED-END FUNDS 0.150 0.055 0.110 0.090 0169 SMTRACK 0.110 0.025 1811.1 0.102 — — 16.1
2.850 2.340 2.390 2.390 5108 ICAP 2.390 0.010 1 2.390 33.57 — 334.6 0.200 0.080 0.090 0.085 0093 SOLUTN 0.090 Unch 251.4 0.085 — — 27.6
EXCHANGE TRADED FUNDS 0.340 0.150 0.220 0.210 0129 SRIDGE 0.215 0.005 158.3 0.215 13.87 — 29.7
1.190 1.100 — — 0800EA ABFMY1 1.182 — — — — 3.93 1,495.7 0.345 0.180 0.250 0.245 0050 SYSTECH 0.245 -0.005 127.4 0.247 44.55 — 85.2
5.960 5.260 — — 0829EA CHINAETF-MYR 5.960 — — — — — 8.9 0.130 0.065 0.090 0.080 0132 TDEX 0.085 0.005 707.8 0.082 — — 50.2
2.100 1.735 — — 0822EA CIMBA40 1.855 — — — — 3.67 5.0 0.180 0.085 0.105 0.095 0145 TFP 0.105 0.010 62 0.097 — — 21.8
1.700 1.450 1.630 1.630 0823EA CIMBC50 1.630 UNCH 3 1.630 — — 11.7 0.430 0.200 0.260 0.250 0005 UCREST 0.260 0.005 4794.2 0.254 5.69 — 120.6
1.960 1.750 1.765 1.765 0820EA FBMKLCI-EA 1.765 UNCH 2 1.765 — 1.87 3.0 0.195 0.125 0.195 0.190 0060 VC 0.195 0.005 19107.6 0.195 15.23 — 59.5
1.795 1.600 1.720 1.720 0828EA GOLDETF 1.720 -0.015 1.1 1.720 — — 42.3 0.795 0.290 0.425 0.415 0120 VIS 0.420 0.005 810.1 0.418 9.70 2.38 71.1
1.075 0.985 — — 0826EA METFAPA 1.000 — — — — — 18.0 0.064 0.015 0.020 0.015 0069 VIVOCOM 0.015 -0.005 2243 0.020 — — 85.0
0.845 0.795 — — 0825EA METFSID 0.817 — — — — 2.44 71.9 0.255 0.085 0.190 0.175 0066 VSOLAR 0.180 -0.005 16226.3 0.182 — — 69.5
1.100 0.900 1.100 1.100 0827EA METFUS50 1.100 UNCH 1.7 1.100 — — 14.3 0.045 0.035 — — 0141 WINTONI 0.035 — — — — — 18.0
1.250 1.040 1.060 1.040 0821EA MYETFDJ 1.060 UNCH 1311 1.041 — 2.30 292.5 0.170 0.100 0.115 0.115 0086 YGL 0.115 Unch 159.5 0.115 — — 26.7
1.210 1.040 — — 0824EA MYETFID 1.100 — — — — 2.51 47.1 TELECOMMUNICATIONS & MEDIA
REAL ESTATE INVESTMENT TRUSTS 0.519 0.351 0.390 0.385 0195 BINACOM 0.390 Unch 92.5 0.389 10.57 2.56 101.4
0.799 0.649 0.770 0.750 4952 AHP 0.750 UNCH 42 0.770 13.37 7.51 165.0
0.780 0.510 0.520 0.510 0147 INNITY 0.520 -0.045 99.6 0.513 49.52 — 72.2
1.420 1.008 1.400 1.390 5116 ALAQAR 1.390 -0.010 24.7 1.397 11.08 5.19 1,023.0
0.870 0.743 0.870 0.865 5269 ALSREIT 0.865 UNCH 17.2 0.865 12.46 6.18 501.7 0.110 0.040 0.055 0.050 0017 M3TECH 0.050 -0.005 40 0.051 — — 29.3
0.594 0.510 0.535 0.530 5120 AMFIRST 0.535 0.005 46.9 0.533 40.84 7.38 367.2 0.080 0.035 0.040 0.040 0103 MNC 0.040 -0.005 170 0.040 — — 19.1
0.850 0.764 0.850 0.845 5127 ARREIT 0.850 0.005 45.8 0.847 6.00 7.18 487.2 0.140 0.055 0.060 0.055 0092 MTOUCHE 0.060 Unch 31 0.058 150.00 — 30.5
1.130 0.961 1.130 1.130 5130 ATRIUM 1.130 0.010 7.1 1.130 11.87 6.64 165.2 0.070 0.010 0.020 0.015 0096 NEXGRAM 0.020 Unch 1713.9 0.018 — — 41.4
1.840 1.190 1.820 1.790 5106 AXREIT 1.820 0.020 1031.4 1.802 14.48 4.80 2,251.9 1.152 0.320 0.690 0.670 0035 OPCOM 0.675 -0.015 856.3 0.679 15.88 4.81 108.8
1.193 0.955 1.130 1.120 5180 CMMT 1.120 -0.010 2049.1 1.122 16.82 7.05 2,289.5 0.150 0.045 0.070 0.065 0123 PRIVA 0.070 Unch 114 0.067 — — 39.1
1.186 1.062 1.140 1.130 5121 HEKTAR 1.140 UNCH 176.7 1.133 16.03 7.90 526.6 0.280 0.090 0.105 0.095 0007 PUC 0.100 0.005 42002.6 0.100 24.39 — 215.8
1.890 1.395 1.870 1.850 5227 IGBREIT 1.860 UNCH 3965.2 1.856 19.68 4.94 6,584.1 0.335 0.150 0.310 0.300 0032 REDTONE 0.305 -0.005 844.2 0.304 17.43 — 231.3
0.905 0.624 0.900 0.900 5280 KIPREIT 0.900 UNCH 52.6 0.900 12.50 7.28 454.8 0.435 0.160 0.205 0.205 0173 REV 0.205 -0.005 12.3 0.205 — — 27.6
7.960 6.514 7.800 7.800 5235SS KLCC 7.800 -0.020 13.9 7.800 19.43 4.36 14,081.6 0.285 0.090 0.130 0.120 0178 SEDANIA 0.125 Unch 204 0.124 — 8.00 28.2
1.120 0.919 1.110 1.100 5123 MQREIT 1.110 UNCH 31 1.100 16.25 7.13 1,189.7 0.340 0.150 0.220 0.210 0129 SRIDGE 0.215 0.005 158.3 0.215 13.87 — 29.7
1.850 1.290 1.810 1.790 5212 PAVREIT 1.800 UNCH 1127.4 1.800 18.93 4.88 5,470.2 0.090 0.050 0.055 0.050 0165 XOX 0.055 0.005 311.1 0.052 — — 60.1
1.850 1.379 1.850 1.820 5176 SUNREIT 1.830 -0.010 3005.7 1.839 12.94 5.05 5,389.5 FINANCIAL SERVICES
1.049 0.876 0.900 0.885 5111 TWRREIT 0.900 UNCH 54 0.899 48.13 4.56 252.5 0.110 0.045 0.055 0.050 0150 FINTEC 0.055 Unch 145 0.051 — — 33.6
1.470 1.228 1.470 1.430 5110 UOAREIT 1.460 0.020 60 1.437 10.73 6.25 617.4 0.630 0.440 — — 0053 OSKVI 0.460 — — — — 10.87 90.9
1.300 1.029 1.300 1.300 5109 YTLREIT 1.300 UNCH 214.5 1.300 11.07 5.67 2,215.7 HEALTH CARE
SPAC 0.260 0.155 0.160 0.155 0163 CAREPLS 0.155 -0.010 985 0.159 — — 82.4
0.51 0.465 — — 5270 RSENA 0.505 — — — — — 505.0 0.190 0.105 0.125 0.120 0182 LKL 0.120 -0.005 135 0.120 — 2.92 51.5
ENERGY 0.340 0.205 — — 0155 MGRC 0.270 — — — — — 27.9
0.155 0.056 0.145 0.135 5115 ALAM 0.135 UNCH 16269.7 0.140 — — 124.8 0.773 0.277 0.475 0.460 0201 NOVA 0.460 -0.015 55.5 0.464 17.90 1.09 146.2
0.950 0.145 0.200 0.190 5210 ARMADA 0.195 UNCH 44462.9 0.195 — — 1,144.8 TRANSPORTATION & LOGISTICS
0.275 0.040 0.110 0.100 7251 BARAKAH 0.100 -0.005 28429.9 0.105 — — 83.6 0.110 0.060 0.090 0.085 0048 ANCOMLB 0.085 -0.005 297.5 0.086 — — 40.2
1.010 0.205 0.860 0.845 5257 CARIMIN 0.855 0.010 4392.4 0.852 — — 200.0 0.285 0.210 0.270 0.265 0080 STRAITS 0.270 Unch 3729.2 0.268 30.34 — 168.7
1.370 0.735 1.190 1.160 5071 COASTAL 1.160 -0.030 69.8 1.164 — 1.72 616.9 0.559 0.295 0.415 0.410 0199 TRIMODE 0.410 -0.005 3.7 0.413 15.19 2.44 68.1
0.040 0.005 0.010 0.005 0091 DAYA 0.010 UNCH 788 0.007 — — 20.4 CONSTRUCTION
1.750 0.500 1.380 1.330 5141 DAYANG 1.370 0.010 24134.4 1.354 8.05 — 1,321.8 0.422 0.212 0.310 0.285 0198 GDB 0.300 0.015 4253.8 0.298 6.04 6.67 187.5
1.304 0.863 1.110 1.100 5132 DELEUM 1.110 0.010 132.5 1.108 16.35 3.15 445.7 0.400 0.235 0.280 0.270 0206 NADIBHD 0.280 Unch 3941.6 0.275 5.26 — 210.8
3.637 2.720 3.220 3.180 7277 DIALOG 3.180 -0.020 4891.1 3.194 36.93 1.01 17,940.4 0.035 0.010 0.035 0.025 0109 SCBUILD 0.035 0.005 553.9 0.030 25.00 — 30.9
0.535 0.240 0.385 0.370 7253 HANDAL 0.380 0.015 529.8 0.379 — — 60.8 PLANTATION
9.600 4.510 6.110 5.920 4324 HENGYUAN 6.010 0.110 907 6.048 58.29 0.33 1,803.0 0.085 0.065 0.075 0.070 0189 MATANG 0.075 0.005 10720.5 0.075 50.00 2.67 135.8
1.360 0.705 1.150 1.100 5199 HIBISCS 1.130 0.020 46377.8 1.133 5.40 — 1,794.7 UTILITIES
0.480 0.130 0.265 0.250 2739 HUAAN 0.255 -0.010 23716.1 0.258 9.66 — 286.2 0.380 0.199 0.265 0.255 0011 BTECH 0.265 Unch 1704.8 0.260 16.06 6.04 66.8
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 8 Markets M ON DAY AP RI L 8, 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

HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE WARRANTS CLOSE
(RM)
+/-
(RM)
VOL PARENT
(‘000)
EXE
PRICE PRICE
PR’M
(%)
EXPIRY
DATE

Main Market & Ace Market Warrants 0.335 0.075 0.255 0.230 9261WB GADANG-WB 0.235 -0.010 4393.2 0.710 1.060 82.39 29/11/2021
0.230 0.070 0.205 0.195 539859 GAMUDA-C59 0.205 0.005 62.3 3.100 2.350 2.26 30/08/2019
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY 0.125 0.045 0.085 0.085 539861 GAMUDA-C61 0.085 0.005 426 3.100 3.200 14.19 31/05/2019
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE 0.130 0.055 0.120 0.120 539862 GAMUDA-C62 0.120 0.010 40 3.100 2.500 3.87 13/06/2019
0.155 0.085 0.110 0.110 539863 GAMUDA-C63 0.110 Unch 900 3.100 3.100 14.19 31/07/2019
0.450 0.100 0.250 0.225 70329 A50CHIN-H29 0.230 -0.030 142.9 7.906 7.284 -3.50 30/09/2019 0.105 0.080 0.105 0.105 539864 GAMUDA-C64 0.105 0.005 240 3.100 3.880 38.71 07/10/2019
0.175 0.040 0.045 0.040 5238WA AAX-WA 0.040 -0.005 411.2 0.240 0.460 108.33 08/06/2020 1.170 0.125 0.255 0.245 5398WE GAMUDA-WE 0.245 -0.005 848.3 3.100 4.050 38.55 06/03/2021
0.175 0.020 0.030 0.025 6599CO AEON-CO 0.030 0.010 1297.5 1.510 1.650 13.25 31/07/2019 0.465 0.135 0.465 0.440 5226WB GBGAQRS-WB 0.465 0.025 7296.3 1.380 1.120 14.86 26/09/2023
0.120 0.005 0.015 0.010 7315WB AHB-WB 0.010 Unch 28.2 0.140 0.200 50.00 28/08/2019 0.360 0.175 0.280 0.270 5102CA GCB-CA 0.280 Unch 77 3.690 2.800 6.23 30/08/2019
0.270 0.035 0.055 0.050 509967 AIRASIAC67 0.050 -0.005 282.6 2.650 2.605 3.23 30/04/2019 0.155 0.115 0.130 0.130 5102CC GCB-CC 0.130 -0.005 50 3.690 3.880 22.76 29/11/2019
0.220 0.030 0.060 0.055 509971 AIRASIAC71 0.055 -0.005 1000 2.650 2.822 11.91 31/07/2019 0.145 0.125 0.145 0.145 5102CE GCB-CE 0.145 Unch 17 3.690 4.180 29.00 07/10/2019
0.130 0.055 — — 509976 AIRASIAC76 0.055 — — 2.650 3.050 25.47 31/07/2019 0.355 0.035 0.055 0.050 0078WB GDEX-WB 0.055 Unch 2498 0.340 0.383 28.68 05/02/2020
0.160 0.050 0.055 0.055 509977 AIRASIAC77 0.055 0.005 260.5 2.650 3.400 33.91 31/07/2019 0.085 0.020 0.020 0.020 471543 GENM-C43 0.020 Unch 30 3.190 3.809 22.47 25/06/2019
0.175 0.080 — — 509978 AIRASIAC78 0.080 — — 2.650 3.500 40.23 30/08/2019 0.175 0.105 0.115 0.110 471545 GENM-C45 0.110 -0.010 614 3.190 2.832 5.63 13/06/2019
0.100 0.035 0.040 0.040 509979 AIRASIAC79 0.040 Unch 60 2.650 3.300 29.06 29/11/2019 0.155 0.080 0.080 0.080 471546 GENM-C46 0.080 Unch 1370 3.190 3.321 16.34 31/07/2019
0.070 0.040 — — 509980 AIRASIAC80 0.040 — — 2.650 3.990 56.60 30/09/2019 0.215 0.120 0.130 0.125 471550 GENM-C50 0.130 -0.005 450 3.190 3.077 8.38 31/10/2019
0.105 0.020 0.025 0.020 5014C4 AIRPORT-C4 0.025 Unch 40.1 7.110 8.350 20.60 30/09/2019 0.155 0.090 0.095 0.090 471551 GENM-C51 0.090 -0.005 599.8 3.190 3.272 13.59 31/07/2019
0.205 0.070 — — 5014C6 AIRPORT-C6 0.075 — — 7.110 8.300 26.23 23/10/2019 0.130 0.090 0.090 0.090 471553 GENM-C53 0.090 -0.015 10 3.190 3.321 17.87 03/09/2019
0.165 0.040 0.045 0.045 5014C7 AIRPORT-C7 0.045 0.005 0.5 7.110 8.180 20.11 28/06/2019 0.100 0.060 0.060 0.060 471554 GENM-C54 0.060 Unch 100 3.190 3.565 19.10 31/12/2019
0.105 0.080 0.080 0.080 5014C8 AIRPORT-C8 0.080 Unch 599.6 7.110 8.000 19.27 29/11/2019 0.080 0.045 0.045 0.045 471555 GENM-C55 0.045 Unch 2020 3.190 4.100 35.30 30/09/2019
0.185 0.085 0.100 0.095 7609WA AJIYA-WA 0.095 0.005 79.4 0.550 0.920 84.55 28/08/2021 2.860 1.490 2.670 2.620 2291WA GENP-WA 2.670 0.050 2.6 10.500 7.750 -0.76 17/06/2019
0.070 0.035 0.060 0.055 5115WA ALAM-WA 0.060 0.005 7228.8 0.135 0.120 33.33 28/03/2022 0.175 0.010 0.060 0.060 318257 GENTINGC57 0.060 Unch 150 6.780 7.700 17.99 28/06/2019
0.235 0.050 0.125 0.120 101510 AMBANK-C10 0.120 -0.015 140 4.430 4.200 1.58 31/05/2019 0.120 0.025 0.050 0.050 318258 GENTINGC58 0.050 Unch 87 6.780 7.250 12.09 30/09/2019
0.210 0.155 — — 101511 AMBANK-C11 0.165 — — 4.430 4.100 7.45 31/05/2019 0.185 0.065 0.090 0.085 318261 GENTINGC61 0.085 -0.005 180 6.780 6.600 6.12 13/06/2019
0.185 0.110 — — 101512 AMBANK-C12 0.110 — — 4.430 4.250 5.87 30/05/2019 0.245 0.120 0.210 0.200 0039WC GFM-WC 0.200 -0.010 918.8 0.525 0.380 10.48 28/01/2022
0.115 0.070 0.070 0.070 101513 AMBANK-C13 0.070 -0.005 513.9 4.430 5.000 18.40 31/07/2019 0.170 0.050 0.060 0.060 5220WA GLOTEC-WA 0.060 -0.005 2.5 0.460 0.720 69.57 19/12/2021
0.025 0.005 — — 9342WA ANZO-WA 0.005 — — 0.045 0.250 466.67 19/11/2019 0.130 0.050 0.085 0.080 0082WB GPACKET-WB 0.085 0.005 151 0.325 0.400 49.23 24/11/2023
0.040 0.015 0.030 0.025 9342WB ANZO-WB 0.030 0.005 80.2 0.045 0.250 522.22 25/08/2023 0.040 0.015 0.035 0.030 7096WA GPA-WA 0.035 Unch 1433.1 0.110 0.100 22.73 03/06/2025
0.030 0.005 0.010 0.005 9342WC ANZO-WC 0.010 0.005 4099 0.045 0.200 366.67 18/06/2020 0.130 0.055 0.090 0.090 7022CV GTRONIC-CV 0.090 0.005 5.5 1.880 2.000 25.53 23/10/2019
0.180 0.030 0.035 0.035 0119WA APPASIA-WA 0.035 Unch 36 0.095 0.130 73.68 23/12/2024 0.090 0.030 0.040 0.040 7022CW GTRONIC-CW 0.040 Unch 90 1.880 2.200 24.47 28/06/2019
0.090 0.090 — — 7007WB ARK-WB 0.090 — — 0.360 1.000 202.78 30/06/2021 0.170 0.040 0.050 0.045 7676WB GUNUNG-WB 0.045 -0.005 53.3 0.295 0.400 50.85 02/10/2020
0.170 0.080 0.110 0.110 639910 ASTRO-C10 0.110 Unch 415.8 1.590 1.500 11.64 25/06/2019 0.095 0.040 0.055 0.055 516822 HARTA-C22 0.055 Unch 100 4.770 5.400 18.97 29/11/2019
0.150 0.070 — — 639911 ASTRO-C11 0.090 — — 1.590 1.600 17.61 17/06/2019 0.340 0.210 0.250 0.250 7105WA HCK-WA 0.250 Unch 5 1.260 0.960 -3.97 26/09/2027
0.130 0.050 — — 639912 ASTRO-C12 0.075 — — 1.590 1.500 8.49 31/05/2019 0.105 0.035 0.045 0.040 4324C6 HENGYUAN-C6 0.045 -0.010 1225.3 6.010 6.850 25.21 30/05/2019
0.105 0.060 0.060 0.060 639913 ASTRO-C13 0.060 Unch 100 1.590 1.800 24.53 30/08/2019 0.255 0.155 0.210 0.200 4324C7 HENGYUAN-C7 0.200 0.005 94.3 6.010 5.180 12.81 30/08/2019
0.090 0.060 — — 639914 ASTRO-C14 0.065 — — 1.590 1.800 21.38 29/11/2019 0.145 0.100 0.120 0.110 4324C8 HENGYUAN-C8 0.115 0.010 960.5 6.010 6.500 31.11 30/09/2019
0.250 0.070 0.090 0.090 7099WB ATTA-WB 0.090 -0.005 10 0.615 0.870 56.10 09/05/2022 0.105 0.090 0.105 0.100 4324C9 HENGYUAN-C9 0.105 0.010 587.8 6.010 6.880 35.44 07/10/2019
0.195 0.080 — — 7099WC ATTA-WC 0.090 — — 0.615 0.870 56.10 18/11/2024 0.225 0.060 0.075 0.065 5072WB HIAPTEK-WB 0.070 Unch 2003.7 0.270 0.500 111.11 23/06/2021
0.040 0.005 0.005 0.005 0072WB AT-WB 0.005 Unch 33.3 0.055 0.090 72.73 17/10/2019 0.245 0.050 0.105 0.100 5199CM HIBISCS-CM 0.100 Unch 1019.6 1.130 1.100 15.04 28/06/2019
0.285 0.140 0.270 0.260 7579WA AWC-WA 0.270 Unch 96.5 0.780 0.880 47.44 25/12/2023 0.125 0.040 0.080 0.080 5199CN HIBISCS-CN 0.080 0.005 433.3 1.130 1.100 15.04 25/06/2019
0.155 0.010 — — 688828 AXIATA-C28 0.020 — — 4.180 4.750 15.55 31/05/2019 0.130 0.050 0.085 0.080 5199CO HIBISCS-CO 0.085 0.005 1900 1.130 1.200 25.00 27/08/2019
0.145 0.090 — — 688832 AXIATA-C32 0.095 — — 4.180 4.100 9.45 30/05/2019 0.150 0.105 0.145 0.135 5199CQ HIBISCS-CQ 0.140 0.005 2230 1.130 0.900 10.62 30/08/2019
0.215 0.135 0.165 0.165 688833 AXIATA-C33 0.165 Unch 20 4.180 3.600 5.86 28/06/2019 0.140 0.095 0.130 0.125 5199CR HIBISCS-CR 0.130 0.010 5221.8 1.130 1.080 18.58 02/08/2019
0.205 0.095 0.170 0.165 688834 AXIATA-C34 0.165 Unch 0.4 4.180 3.450 2.27 30/08/2019 0.110 0.080 0.105 0.100 5199CU HIBISCS-CU 0.105 0.005 2524.1 1.130 1.280 31.86 30/08/2019
0.180 0.115 — — 688835 AXIATA-C35 0.125 — — 4.180 4.200 12.44 17/06/2019 0.450 0.075 0.100 0.090 5199CV HIBISCS-CV 0.100 0.005 60 1.130 1.250 28.32 03/09/2019
0.205 0.145 0.175 0.175 688836 AXIATA-C36 0.175 Unch 600 4.180 3.750 12.74 23/10/2019 0.105 0.075 0.105 0.105 5199CW HIBISCS-CW 0.105 0.005 115 1.130 1.150 20.35 31/12/2019
0.095 0.075 — — 688837 AXIATA-C37 0.075 — — 4.180 4.450 15.43 31/12/2019 0.665 0.255 0.505 0.485 5199WC HIBISCS-WC 0.490 0.005 10915.7 1.130 1.060 37.17 19/03/2021
0.308 0.085 0.290 0.270 7078WA AZRB-WA 0.270 -0.015 357.4 0.535 0.630 68.22 13/05/2024 0.320 0.100 0.200 0.180 8443WB HIL-WB 0.200 0.020 2.4 0.590 1.080 116.95 25/10/2027
0.485 0.170 0.425 0.415 0098WA BAHVEST-WA 0.425 Unch 746.9 0.690 0.430 23.91 20/08/2024 0.700 0.140 0.250 0.250 0185WA HSSEB-WA 0.250 Unch 5 1.190 1.700 63.87 15/03/2023
0.225 0.130 — — 4162CN BAT-CN 0.130 — — 36.000 40.000 23.75 23/10/2019 0.025 0.010 0.020 0.020 7013WC HUBLINE-WC 0.020 Unch 50 0.060 0.055 25.00 17/12/2023
0.095 0.070 — — 4162CO BAT-CO 0.080 — — 36.000 37.500 13.06 31/12/2019 0.055 0.020 0.030 0.030 9601WD HWGB-WD 0.030 Unch 7 0.100 0.320 250.00 15/03/2021
0.115 0.060 0.105 0.105 5248C1 BAUTO-C1 0.105 0.010 17 2.410 2.200 4.36 31/05/2019 0.155 0.060 0.095 0.090 522510 IHH-C10 0.090 Unch 356.8 5.600 5.400 6.07 28/06/2019
0.170 0.090 0.160 0.150 5248CY BAUTO-CY 0.160 Unch 1191.6 2.410 2.000 2.90 21/05/2019 0.080 0.010 0.015 0.015 5225C7 IHH-C7 0.015 Unch 100 5.600 6.000 8.21 31/05/2019
0.255 0.140 0.230 0.225 5248CZ BAUTO-CZ 0.230 -0.010 58.9 2.410 2.000 2.07 25/06/2019 0.210 0.120 0.200 0.200 333625 IJM-C25 0.200 -0.005 20.6 2.180 1.750 7.80 03/09/2019
0.310 0.115 0.290 0.280 5258WA BIMB-WA 0.285 -0.005 488.7 4.400 4.720 13.75 04/12/2023 0.120 0.025 0.045 0.040 16627 INARI-C27 0.045 0.005 2470.5 1.670 1.900 22.40 28/06/2019
0.100 0.025 — — 6998WA BINTAI-WA 0.045 — — 0.130 0.200 88.46 15/06/2020 0.115 0.020 0.035 0.035 16628 INARI-C28 0.035 Unch 0.4 1.670 1.900 20.06 25/06/2019
0.145 0.075 0.085 0.080 0179WA BIOHLDG-WA 0.080 -0.005 190 0.210 0.220 42.86 05/01/2022 0.105 0.050 0.075 0.075 16629 INARI-C29 0.075 0.005 200 1.670 1.900 27.25 28/06/2019
0.150 0.045 — — 3239WB BJASSET-WB 0.060 — — 0.310 0.350 32.26 10/06/2023 0.160 0.095 0.140 0.140 16631 INARI-C31 0.140 0.005 1700 1.670 1.280 5.99 02/08/2019
0.100 0.035 0.045 0.045 3395WB BJCORP-WB 0.045 Unch 115 0.270 1.000 287.04 22/04/2022 0.180 0.105 0.140 0.140 16632 INARI-C32 0.140 0.005 1851 1.670 1.500 13.29 31/07/2019
0.140 0.060 0.070 0.070 3395WC BJCORP-WC 0.070 Unch 106.9 0.270 1.000 296.30 29/05/2026 0.335 0.200 0.305 0.305 16633 INARI-C33 0.305 0.035 0.4 1.670 1.300 5.24 31/10/2019
0.100 0.060 — — 1562CW BJTOTO-CW 0.065 — — 2.640 2.400 -1.70 28/06/2019 0.120 0.075 0.090 0.090 16634 INARI-C34 0.090 0.005 1616.2 1.670 1.500 11.38 31/07/2019
0.040 0.010 0.020 0.020 7036WC BORNOIL-WC 0.020 Unch 1050 0.050 0.070 80.00 08/11/2025 0.085 0.055 0.075 0.075 16635 INARI-C35 0.075 0.005 220 1.670 1.880 28.29 30/08/2019
0.045 0.015 0.025 0.020 7036WD BORNOIL-WD 0.020 Unch 800.9 0.050 0.070 80.00 29/05/2027 0.105 0.070 0.095 0.095 16636 INARI-C36 0.095 0.005 40 1.670 1.700 18.86 03/09/2019
0.120 0.045 — — 181822 BURSA-C22 0.050 — — 6.850 7.700 16.79 30/08/2019 0.130 0.100 0.130 0.125 16637 INARI-C37 0.125 0.015 5.6 1.670 1.700 16.77 31/12/2019
0.065 0.035 0.035 0.035 181823 BURSA-C23 0.035 Unch 53 6.850 7.300 10.15 29/11/2019 0.110 0.090 0.110 0.105 16638 INARI-C38 0.110 0.005 4600 1.670 1.750 24.55 25/09/2019
0.120 0.030 — — 0191WA CABNET-WA 0.050 — — 0.270 0.500 103.70 02/07/2021 0.195 0.175 0.195 0.190 16639 INARI-C39 0.190 0.005 2418.2 1.670 1.700 24.55 29/11/2019
0.463 0.185 0.380 0.320 7154WA CAELY-WA 0.340 0.020 169 0.560 0.380 28.57 22/04/2021 2.010 0.710 1.130 1.080 0166WB INARI-WB 1.120 0.040 266.2 1.670 0.533 -1.00 17/02/2020
0.190 0.005 0.005 0.005 7076WA CBIP-WA 0.005 -0.005 176.4 0.354 2.400 579.38 06/11/2019 0.070 0.020 0.030 0.030 0094WA INIX-WA 0.030 -0.005 605 0.080 0.100 62.50 16/11/2020
0.330 0.070 0.130 0.130 7035WA CCK-WA 0.130 Unch 631 0.635 0.900 62.20 18/06/2023 0.265 0.040 0.075 0.075 3379WB INSAS-WB 0.075 0.005 1.8 0.770 1.000 39.61 25/02/2020
0.075 0.005 — — 5195WB CENSOF-WB 0.005 — — 0.150 0.460 210.00 07/10/2019 0.110 0.030 0.040 0.035 196119 IOICORP-C19 0.035 -0.005 387.1 4.480 4.550 3.91 31/05/2019
0.280 0.150 0.175 0.175 7187WA CHGP-WA 0.175 -0.005 6 0.350 0.200 7.14 07/07/2023 0.340 0.080 0.105 0.100 5249CV IOIPG-CV 0.105 Unch 200 1.330 1.350 13.35 25/06/2019
0.500 0.280 0.400 0.375 5738WB CHHB-WB 0.400 0.025 61.1 1.520 1.200 5.26 20/12/2023 0.025 0.005 0.010 0.005 0024WB JAG-WB 0.010 Unch 20 0.055 0.150 190.91 15/11/2020
0.145 0.075 — — 102341 CIMB-C41 0.075 — — 5.110 6.100 28.18 31/05/2019 0.660 0.150 0.660 0.600 4723WB JAKS-WB 0.655 0.055 1260.4 0.860 0.640 50.58 13/12/2023
0.145 0.035 — — 102344 CIMB-C44 0.035 — — 5.110 6.500 30.63 21/05/2019 0.125 0.050 0.115 0.110 0111WC K1-WC 0.115 0.005 2766.1 0.245 0.300 69.39 30/12/2021
0.170 0.045 0.045 0.045 102345 CIMB-C45 0.045 Unch 250 5.110 5.700 16.83 28/06/2019 0.075 0.010 0.020 0.020 0170WA KANGER-WA 0.020 0.005 3 0.045 0.100 166.67 13/04/2020
0.145 0.055 — — 102346 CIMB-C46 0.055 — — 5.110 6.000 22.26 30/08/2019 0.030 0.015 0.020 0.020 3115WC KBUNAI-WC 0.020 Unch 300 0.090 0.131 67.78 20/10/2023
0.100 0.050 0.050 0.050 102347 CIMB-C47 0.050 -0.005 50 5.110 5.800 19.37 03/09/2019 0.065 0.060 0.065 0.065 7161CK KERJAYA-CK 0.065 0.005 146 1.270 1.600 41.34 07/10/2019
0.045 0.025 — — 7018WA CME-WA 0.025 — — 0.045 0.010 -22.22 01/05/2028 0.365 0.140 0.205 0.195 7161WB KERJAYA-WB 0.205 -0.005 18.1 1.270 1.600 42.13 28/02/2023
0.095 0.080 — — 285214 CMSB-C14 0.085 — — 3.620 3.500 13.12 28/06/2019 0.810 0.200 0.760 0.760 0151WA KGB-WA 0.760 Unch 40 1.260 0.500 0.00 12/06/2019
0.165 0.095 0.165 0.130 285215 CMSB-C15 0.150 0.020 831.6 3.620 3.000 3.59 30/05/2019 0.030 0.005 0.005 0.005 0036WB KGROUP-WB 0.005 -0.005 500 0.045 0.200 355.56 01/05/2020
0.090 0.020 — — 0102WA CONNECT-WA 0.035 — — 0.100 0.100 35.00 17/09/2021 0.540 0.210 0.310 0.305 5171WA KIMLUN-WA 0.305 Unch 58.9 1.180 1.680 68.22 12/03/2024
0.105 0.025 0.025 0.025 0102WB CONNECT-WB 0.025 -0.015 20 0.100 0.100 25.00 07/06/2021 0.605 0.160 0.250 0.250 5027WB KMLOONG-WB 0.250 0.010 2 1.220 1.400 35.25 10/04/2025
0.480 0.110 0.220 0.190 8125WB DAIBOCI-WB 0.215 0.030 95.1 1.890 2.500 43.65 19/06/2022 0.060 0.010 0.030 0.025 7164WB KNM-WB 0.025 -0.005 2474.7 0.165 1.000 521.21 21/04/2020
0.440 0.100 0.425 0.385 5276WA DANCO-WA 0.420 0.035 3686.8 0.655 0.300 9.92 22/05/2022 0.080 0.010 0.080 0.065 7017WB KOMARK-WB 0.070 0.005 10026.9 0.315 0.230 -4.76 21/01/2020
0.020 0.005 0.010 0.005 7179WB DBE-WB 0.010 Unch 407 0.030 0.050 100.00 22/01/2022 0.085 0.005 0.015 0.010 5172WA KSTAR-WA 0.015 0.010 1153.7 0.075 0.080 26.67 10/04/2021
0.150 0.030 0.125 0.115 3484WA DBHD-WA 0.115 -0.005 306.2 0.520 0.580 33.65 27/11/2020 0.105 0.060 0.095 0.090 3794CE LAFMSIA-CE 0.095 -0.005 1627 2.610 3.380 44.06 07/10/2019
0.040 0.025 — — 727738 DIALOG-C38 0.025 — — 3.180 3.800 22.25 30/05/2019 0.690 0.125 0.235 0.215 9385WA LAYHONG-WA 0.225 -0.005 4409.1 0.470 0.400 32.98 13/10/2021
0.135 0.035 — — 727739 DIALOG-C39 0.050 — — 3.180 3.500 15.57 21/05/2019 0.157 0.020 0.025 0.025 7126WA LONBISC-WA 0.025 Unch 36 0.385 0.800 114.29 26/01/2020
0.220 0.075 0.100 0.090 727740 DIALOG-C40 0.090 -0.005 752 3.180 3.300 11.70 28/06/2019 0.055 0.025 0.035 0.030 5068WA LUSTER-WA 0.035 0.005 1277.9 0.085 0.100 58.82 03/06/2022
0.130 0.070 0.090 0.085 727741 DIALOG-C41 0.085 -0.005 870 3.180 3.250 11.56 25/06/2019 0.085 0.030 0.040 0.035 5068WB LUSTER-WB 0.040 0.005 1666.3 0.085 0.100 64.71 26/05/2023
0.160 0.120 — — 727742 DIALOG-C42 0.120 — — 3.180 3.500 19.50 30/08/2019 0.100 0.010 0.015 0.015 8583WC MAHSING-WC 0.015 Unch 300 0.930 2.100 127.42 21/02/2020
0.100 0.085 0.085 0.085 727743 DIALOG-C43 0.085 Unch 40 3.180 3.400 17.61 03/09/2019 0.065 0.010 0.025 0.025 526415 MALAKOFC15 0.025 Unch 47.9 0.910 1.000 12.64 28/06/2019
0.085 0.060 — — 727744 DIALOG-C44 0.060 — — 3.180 3.400 14.47 31/12/2019 0.105 0.040 0.050 0.050 526418 MALAKOFC18 0.050 Unch 980 0.910 0.900 7.14 25/06/2019
0.150 0.025 0.040 0.040 694724 DIGI-C24 0.040 0.005 0.8 4.700 4.750 3.62 31/05/2019 0.145 0.075 0.110 0.110 526419 MALAKOFC19 0.110 Unch 80 0.910 0.800 8.46 31/07/2019
0.185 0.085 — — 694725 DIGI-C25 0.105 — — 4.700 4.700 8.94 31/05/2019 0.155 0.145 0.150 0.150 526423 MALAKOFC23 0.150 0.005 549.4 0.910 0.915 17.03 29/11/2019
0.100 0.015 — — 0029WB DIGISTA-WB 0.015 — — 0.050 0.260 450.00 04/04/2023 0.080 0.050 0.070 0.070 601210 MAXIS-C10 0.070 -0.010 0.4 5.490 5.600 8.38 31/12/2019
0.165 0.055 0.080 0.075 4456WD DNEX-WD 0.075 -0.005 6723.1 0.300 0.500 91.67 30/07/2021 0.070 0.005 0.005 0.005 115546 MAYBANKC46 0.005 Unch 3 4.640 10.000 116.59 28/06/2019
0.415 0.105 0.225 0.195 7114WA DNONCE-WA 0.210 0.020 794 0.470 0.250 -2.13 25/11/2020 0.155 0.080 0.080 0.080 115549 MAYBANKC49 0.080 Unch 40 9.260 9.500 8.21 31/07/2019
0.045 0.015 0.030 0.030 5265WA DOLPHIN-WA 0.030 Unch 10 0.140 0.800 492.86 29/03/2021 0.135 0.065 0.070 0.070 115550 MAYBANKC50 0.070 Unch 20 9.260 9.200 4.64 25/06/2019
0.250 0.060 — — 7169WA DOMINAN-WA 0.080 — — 1.250 1.300 10.40 10/09/2020 0.065 0.035 0.035 0.035 115552 MAYBANKC52 0.035 Unch 30 9.260 9.500 5.24 29/11/2019
0.055 0.015 0.040 0.040 7198WB DPS-WB 0.040 Unch 475 0.085 0.100 64.71 15/01/2025 0.080 0.005 0.005 0.005 117115 MBSB-C15 0.005 -0.005 100 0.478 1.180 148.17 31/05/2019
0.265 0.010 0.050 0.035 161960 DRBHCOMC60 0.050 0.010 2515.6 2.070 1.950 1.45 30/04/2019 0.095 0.030 0.030 0.030 117117 MBSB-C17 0.030 Unch 50 0.950 1.010 10.26 31/07/2019
0.160 0.005 0.010 0.010 161964 DRBHCOMC64 0.010 Unch 1308 2.070 2.400 17.39 31/05/2019 0.160 0.010 0.015 0.015 0081WA MEGASUN-WA 0.015 -0.005 1539.6 0.135 0.100 -14.81 29/04/2019
0.090 0.005 — — 161966 DRBHCOMC66 0.005 — — 0.865 3.000 248.73 30/04/2019 0.150 0.050 0.120 0.105 7234WA MESB-WA 0.120 0.010 1045.1 0.300 0.300 40.00 27/12/2022
0.047 0.003 0.010 0.010 161967 DRBHCOMC67 0.010 0.005 50 2.070 2.180 6.76 15/04/2019 1.940 1.010 1.640 1.630 3069WA MFCB-WA 1.640 -0.010 78 3.800 2.220 1.58 08/04/2020
0.185 0.070 0.115 0.105 161968 DRBHCOMC68 0.110 Unch 2477.7 2.070 1.900 9.32 28/06/2019 0.570 0.125 0.570 0.540 3662WC MFLOUR-WC 0.560 0.020 4604.7 0.840 0.680 47.62 23/01/2024
0.155 0.115 0.155 0.155 161969 DRBHCOMC69 0.155 0.025 30 2.070 1.750 10.75 30/08/2019 0.205 0.045 0.140 0.135 381619 MISC-C19 0.135 -0.005 50 6.650 6.060 1.28 28/06/2019
0.200 0.095 0.200 0.190 161970 DRBHCOMC70 0.200 0.005 3650.2 2.070 1.800 6.28 31/10/2019 0.210 0.050 0.110 0.100 9571WE MITRA-WE 0.110 Unch 15.7 0.410 0.940 156.10 17/04/2023
0.140 0.110 0.135 0.125 161971 DRBHCOMC71 0.135 0.015 3900 2.070 1.880 10.39 30/08/2019 0.013 0.003 0.005 0.005 0085WB MLAB-WB 0.005 Unch 600 0.040 0.150 287.50 10/09/2020
0.150 0.110 0.150 0.150 161972 DRBHCOMC72 0.150 0.010 200 2.070 1.880 14.01 30/08/2019 0.070 0.045 0.055 0.045 219412 MMCCORPC12 0.045 -0.010 180 1.000 1.200 35.75 30/09/2019
0.115 0.090 0.115 0.110 161973 DRBHCOMC73 0.115 0.010 203.3 2.070 2.100 18.12 03/09/2019 0.075 0.065 0.070 0.065 219413 MMCCORPC13 0.065 -0.005 180 1.000 1.380 51.00 14/10/2019
0.110 0.080 0.110 0.100 161974 DRBHCOMC74 0.110 0.010 2044 2.070 2.350 28.41 30/09/2019 0.030 0.005 0.010 0.010 0070WA MQTECH-WA 0.010 0.005 300 0.030 0.100 266.67 21/11/2021
0.135 0.065 0.135 0.100 161975 DRBHCOMC75 0.135 0.030 2807.8 2.070 2.000 16.18 31/12/2019 0.140 0.045 0.120 0.115 165137 MRCB-C37 0.120 0.005 320 0.920 0.700 2.17 30/04/2019
0.115 0.090 0.115 0.110 161976 DRBHCOMC76 0.110 0.005 150 2.070 2.380 30.92 14/10/2019 0.105 0.040 0.095 0.085 165138 MRCB-C38 0.085 Unch 1400.1 0.920 0.750 4.62 21/05/2019
0.300 0.050 0.085 0.085 5216WA DSONIC-WA 0.085 Unch 722 0.520 1.090 125.96 05/07/2023 0.175 0.085 0.170 0.165 165139 MRCB-C39 0.165 -0.010 5190 0.920 0.630 4.35 02/08/2019
0.305 0.170 0.280 0.255 7165WA DWL-WA 0.280 0.035 102.5 0.790 0.600 11.39 07/04/2021 0.205 0.115 0.205 0.200 165141 MRCB-C41 0.200 Unch 0.4 0.920 0.800 8.70 29/11/2019
0.090 0.030 — — 5178WA DYNACIA-WA 0.035 — — 0.090 0.120 72.22 26/12/2023 0.080 0.055 0.080 0.075 165142 MRCB-C42 0.075 Unch 550 0.920 1.080 33.70 30/09/2019
0.020 0.005 0.010 0.005 0154WD EAH-WD 0.010 0.005 1054.5 0.015 0.050 300.00 25/10/2022 0.125 0.085 0.125 0.120 165143 MRCB-C43 0.125 Unch 3490 0.920 0.950 23.64 30/09/2019
0.020 0.005 — — 0154WE EAH-WE 0.010 — — 0.015 0.035 200.00 22/04/2023 0.110 0.085 0.100 0.100 165144 MRCB-C44 0.100 Unch 2220.3 0.920 0.900 19.57 25/09/2019
0.100 0.010 0.020 0.020 3557WC ECOFIRS-WC 0.020 Unch 2.4 0.295 0.300 8.47 10/09/2019 0.350 0.180 0.255 0.245 1651WB MRCB-WB 0.250 -0.010 741.9 0.920 1.250 63.04 29/10/2027
0.235 0.070 0.150 0.140 5253WA ECONBHD-WA 0.145 Unch 1400.1 0.540 1.250 158.33 02/01/2023 0.150 0.025 0.040 0.040 13850 MYEG-C50 0.040 0.010 1500 1.530 1.880 33.33 28/06/2019
0.035 0.030 — — 8206CS ECOWLD-CS 0.035 — — 0.910 1.500 74.07 30/04/2019 0.095 0.010 0.045 0.045 13853 MYEG-C53 0.045 0.010 16.9 1.530 1.850 30.62 31/07/2019
0.350 0.165 — — 8206WA ECOWLD-WA 0.165 — — 0.910 2.080 146.70 26/03/2022 0.165 0.050 0.165 0.155 13855 MYEG-C55 0.160 0.005 1403.3 1.530 1.200 9.80 28/06/2019
0.150 0.030 0.050 0.050 7471WB EDEN-WB 0.050 Unch 45 0.145 0.300 141.38 13/08/2021 0.490 0.225 0.490 0.480 13856 MYEG-C56 0.480 0.005 190 1.530 0.950 9.15 31/07/2019
0.880 0.110 0.130 0.120 0065WA EFORCE-WA 0.125 Unch 1204.7 0.460 0.340 1.09 17/07/2019 0.175 0.060 0.175 0.165 13858 MYEG-C58 0.170 Unch 4220 1.530 1.200 11.76 02/08/2019
0.315 0.120 — — 8907WC EG-WC 0.135 — — 0.460 0.500 38.04 03/11/2020 0.255 0.105 0.255 0.250 13859 MYEG-C59 0.250 0.005 1833.6 1.530 0.880 6.54 30/08/2019
0.085 0.020 — — 8877CT EKOVEST-CT 0.030 — — 0.515 0.500 8.74 30/04/2019 0.320 0.115 0.320 0.310 13860 MYEG-C60 0.310 0.005 46.4 1.530 1.100 12.42 29/11/2019
0.540 0.040 0.060 0.055 8877WB EKOVEST-WB 0.055 -0.005 4755.9 0.515 0.480 3.88 25/06/2019 0.180 0.075 0.180 0.175 13861 MYEG-C61 0.175 0.005 3742.2 1.530 1.300 19.28 30/09/2019
0.340 0.100 0.135 0.130 5283WA EWINT-WA 0.130 Unch 217.4 0.720 1.450 119.44 02/04/2022 0.240 0.100 0.240 0.230 13862 MYEG-C62 0.230 0.010 27.3 1.530 1.100 9.48 17/09/2019
0.310 0.020 0.040 0.030 7047WB FAJAR-WB 0.030 -0.005 3450.6 0.415 0.700 75.90 24/09/2019 0.195 0.090 0.195 0.195 13863 MYEG-C63 0.195 0.010 1928 1.530 1.200 16.67 23/10/2019
0.545 0.175 0.185 0.185 06505Q FBMKLCI-C5Q 0.185 -0.010 25.3 1,641 1,650 3.88 31/05/2019 0.155 0.100 0.155 0.140 13864 MYEG-C64 0.140 -0.005 3402.3 1.530 1.450 22.22 25/09/2019
0.365 0.155 0.170 0.165 06505T FBMKLCI-C5T 0.165 Unch 97.3 1,641 1,710 7.17 31/07/2019 0.165 0.120 0.165 0.150 13865 MYEG-C65 0.155 0.005 5820.4 1.530 1.500 26.41 30/09/2019
0.035 0.025 0.025 0.025 06505W FBMKLCI-C5W 0.025 Unch 5 1,641 1,730 6.44 30/09/2019 0.165 0.135 0.165 0.160 13866 MYEG-C66 0.165 0.005 2461.4 1.530 1.350 20.59 29/11/2019
0.295 0.275 0.285 0.285 06505Y FBMKLCI-C5Y 0.285 Unch 200 1,641 1,670 6.93 30/09/2019 0.120 0.090 0.120 0.115 13867 MYEG-C67 0.115 0.005 3495 1.530 1.880 45.42 14/10/2019
0.190 0.040 0.060 0.055 06506P FBMKLCI-H6P 0.060 Unch 223.6 1,641 1,680 4.89 31/05/2019 0.305 0.235 0.250 0.245 0108WB N2N-WB 0.245 -0.005 55.5 0.815 0.830 31.90 08/01/2024
0.130 0.070 0.115 0.110 06506T FBMKLCI-H6T 0.115 0.005 126 1,641 1,690 7.84 31/07/2019 0.030 0.005 0.010 0.010 0096WC NEXGRAM-WC 0.010 0.005 0.1 0.020 0.100 450.00 15/01/2024
0.050 0.001 0.010 0.010 522255 FGV-C55 0.010 0.005 0.1 1.190 1.500 27.73 30/04/2019 0.335 0.050 0.180 0.175 7241WA NGGB-WA 0.175 -0.005 1520.4 0.475 0.600 63.16 18/10/2020
0.140 0.030 0.095 0.085 522262 FGV-C62 0.090 0.005 4734.9 1.190 1.200 23.53 23/10/2019 0.020 0.010 0.015 0.015 7139WB NICE-WB 0.015 0.005 30 0.035 0.060 114.29 22/01/2024
0.275 0.040 0.190 0.175 522263 FGV-C63 0.180 Unch 2235.8 1.190 0.950 7.06 28/06/2019 0.410 0.200 0.250 0.245 0083WC NOTION-WC 0.245 -0.005 86.5 0.570 0.840 90.35 14/03/2023
0.280 0.110 0.200 0.190 522265 FGV-C65 0.190 Unch 1422.2 1.190 0.950 8.57 02/08/2019 0.205 0.065 0.105 0.100 0172WA OCK-WA 0.100 -0.005 1166.7 0.590 0.710 37.29 15/12/2020
0.575 0.220 0.460 0.440 522267 FGV-C67 0.440 Unch 69.6 1.190 0.800 4.20 31/10/2019 0.110 0.045 0.085 0.080 7071WD OCR-WD 0.085 0.005 440.9 0.280 0.220 8.93 18/02/2022
0.165 0.105 0.130 0.120 522269 FGV-C69 0.120 Unch 3250 1.190 1.280 25.71 30/08/2019 0.145 0.015 0.135 0.125 0079WA ORION-WA 0.135 0.005 7082.9 0.210 0.170 45.24 26/07/2022
0.140 0.085 0.115 0.115 522270 FGV-C70 0.115 0.005 100 1.190 1.300 23.74 29/11/2019 0.210 0.030 0.040 0.040 5053WC OSK-WC 0.040 Unch 180.1 0.970 1.200 27.84 22/07/2020
0.060 0.040 0.050 0.050 522271 FGV-C71 0.050 0.005 311 1.190 1.580 45.38 30/09/2019 0.365 0.100 0.195 0.190 5260WA OWG-WA 0.190 -0.005 390.5 0.630 0.800 57.14 29/09/2023
0.055 0.035 0.045 0.040 522272 FGV-C72 0.040 Unch 1512.9 1.190 1.700 51.26 30/09/2019 0.130 0.065 0.075 0.075 7052CY PADINI-CY 0.075 Unch 118.6 3.710 4.000 19.95 31/07/2019
0.105 0.070 0.095 0.085 522273 FGV-C73 0.085 -0.005 5039.9 1.190 1.380 31.68 30/09/2019 0.420 0.245 0.285 0.285 8419WA PANSAR-WA 0.285 -0.010 13 0.760 0.950 62.50 06/06/2023
0.050 0.015 0.025 0.020 0150WB FINTEC-WB 0.025 0.005 90 0.055 0.150 218.18 03/12/2022 0.210 0.045 0.140 0.130 5125WA PANTECH-WA 0.130 Unch 21.4 0.560 0.500 12.50 21/12/2020
0.065 0.015 0.025 0.015 9318WB FITTERS-WB 0.020 0.005 4829.3 0.500 1.000 104.00 12/10/2019 0.210 0.060 0.145 0.145 5125WB PANTECH-WB 0.145 Unch 15 0.560 0.500 15.18 21/12/2021
MONDAY AP R I L 8 , 20 1 9 • T HE ED G E FINA NCIA L DA ILY
Markets 2 9
G L O B A L M A R K E T S . B U R S A M A L AY S I A E Q U I T Y D E R I VAT I V E S

Wall Street ahead — S&P 500 posts
seven-day winning streak as jobs data
allay economic fears
NEW YORK: US stocks rose last Friday,
boosted by better-than-expected job growth
in March, which eased concerns of an
economic slowdown that have periodically
roiled financial markets over the past year.
With last Friday’s gains, the benchmark
S&P 500 Index has closed higher for seven
trading days in a row, its longest winning
streak since October 2017.
The US Labor Department said non-
farm payrolls rose by 196,000 jobs in March,
topping the 180,000 new jobs forecast by
economists polled by Reuters.
Data for February was revised upward to
a gain of 33,000 jobs instead of the previously
reported 20,000, the smallest gain since
September 2017.
The data provided reassurance two weeks
after the yield curve between three-month
US Treasury bills and 10-year notes briefly
inverted, in what is commonly viewed as a
sign of an oncoming recession.
“The yield curve inversion freaked people
out, got them thinking about a recession,”
said Andrew Slimmon, senior portfolio
manager at Morgan Stanley Investment
Management in New York. “Data like today’s
(last Friday) takes that off the table.”
However, wage increases slowed in
March, leaving the data broadly supportive
of the US Federal Reserve’s (Fed) decision to
suspend its three-year campaign to tighten
monetary policy.
A dovish Fed along with hopes for a US-
China trade agreement have lifted the S&P
500 to its highest level since Oct 9, putting
the index only 1.3% below its record last year
closing high.
The Dow Jones Industrial Average rose
40.36 points or 0.15% to 26,424.99; the S&P
500 gained 13.35 points or 0.46% to 2,892.74;
and the Nasdaq Composite added 46.91
points or 0.59% to 7,938.69.
Stocks across the world also got a lift from
US President Donald Trump’s comments
last Thursday that Beijing and Washington
were close to a trade deal that could be
announced within four weeks. Trump later
said he would not predict that a deal will be
reached.
This week, corporate earnings will come
into greater focus with major US banks
scheduled to report quarterly results. Analysts
expect earnings for S&P 500 companies to
fall year-on-year for the first time since 2016.
Last Friday, energy stocks jumped 1.7%,
the biggest percentage gain among S&P 500
sectors, as oil prices firmed after the release
of the US jobs data and on expectations that
conflict in Libya could tighten supply.
Technology stocks rose 0.4%, rebounding
from last Thursday’s decline as shares in
Apple Inc and Microsoft Corp rose.
Dow Inc shares helped cap gains on the
Dow Industrials. The shares dropped 4.1% as
JP Morgan started coverage of the company,
which was spun off from DowDuPont Inc,
with an “underweight” rating.
Boeing Co shares dipped 1% after UBS
cut its price target and said the preliminary
report following last month’s fatal Ethiopian
Airlines crash pointed to MCAS anti-stall
software as a contributor to the crash.
The software has also been implicated in
the fatal crash in October of a Lion Air 737
MAX jet in Indonesia.
Global markets — Most Southeast
Asian stocks muted; eyes on trade
talks, US job data
BENGALURU: Southeast Asian stock markets
were rangebound last Friday as mixed reports
about progress on a trade deal between
Washington and Beijing left investors
cautious about taking on more risk.
US President Donald Trump last Thursday
said the US and China were close to a trade
deal that could be announced within four
weeks, while warning Beijing that it would
be difficult to allow trade to continue without
a pact.
Philippine stocks rebounded from
previous session’s losses to end higher, with
gains concentrated in the financial sector.
For the week, however, the index posted a
0.6% fall.
Ayala Corp and Metropolitan Bank
and Trust Co picked up 1.8% and 1.1%
respectively.
Philippine inflation eased in March to its
slowest annual pace in 15 months on easing
food prices.
It compounded signs that the central
bank could take advantage of the cooling
inflation to reverse some of last year’s policy
tightening to support economic growth.
“Another benign inflation print in April
should allow the Bangko Sentral ng Pilipinas
to cut its Overnight Reverse Repurchase
Rate by 25 basis points at its May meeting,”
economists Mustafa Ali and Sanjay Mathur
said in an ANZ report.
The Singapore index closed higher,
boosted by gains in financials. Top lenders
extended their strength with DBS Group
Holdings Ltd, Oversea-Chinese Banking
Corporation Ltd, and United Overseas Bank
Ltd climbing between 0.4% and 0.7%.
The index posted a 3.4% gain for the week,
its highest weekly gain in 12.
Financials and energy shares dragged the
Indonesian index 0.3% lower; but it closed
0.1% firmer on the week. Bank Central Asia
Tbk Pt slid 0.7%, while Bank Mandiri Tbk Pt
dropped 1.6%.
The pan-European STOXX 600 Index rose
0.09%, notching its best weekly performance
in three weeks, and MSCI’s gauge of stocks
across the globe gained 0.34% its second
straight weekly gain.
Britain’s FTSE 100 Index rose 0.6%, after
the pound weakened against the US dollar
due to uncertainty around British Prime
Minister Theresa May’s attempt to delay
Brexit. — Reuters

Dow Jones Euro STOXX 50 Index FT Straits Times Nikkei 225

Index points Index points Index points Index points
27500 3900 3700 24500
2,774.06
23025 3415 3375 20400
2,772.70
18550 2930 3050 16300
10,403.79 10,172.06
21,807.50
14075 26,424.99 2445 3,447.47 2725 12200 +82.55
+40.36 +5.54 3,322.64 (+0.38%)
(+0.15%) (+0.16%) +6.43
9600 1960 2400 (+0.19%) 8100
Mar 1, 2010 Apr 5, 2019 Mar 1, 2010 Apr 5, 2019 Mar 1, 2010 Apr 5, 2019 Mar 1, 2010 Apr 5, 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
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE 0.250 0.035 0.055 0.040 710658 SUPERMX-C58 0.040 -0.005 3925 1.490 1.650 17.45 21/05/2019
0.260 0.050 0.070 0.060 710659 SUPERMX-C59 0.065 -0.005 761.1 1.490 1.500 11.58 30/08/2019
0.060 0.025 0.040 0.035 7225WB PA-WB 0.040 0.005 1420 0.055 0.060 81.82 17/12/2022 0.110 0.050 0.065 0.060 710662 SUPERMX-C62 0.060 -0.005 408 1.490 1.950 40.94 30/09/2019
0.150 0.055 0.065 0.065 129530 PBBANK-C30 0.065 Unch 150 22.880 26.500 20.08 23/10/2019 0.115 0.090 0.105 0.105 710667 SUPERMX-C67 0.105 -0.005 1676.4 1.490 1.600 25.00 30/09/2019
0.195 0.070 0.080 0.075 129531 PBBANK-C31 0.080 Unch 2370.7 22.880 25.300 14.07 31/07/2019 0.116 0.022 0.035 0.030 1538WB SYMLIFE-WB 0.035 0.005 165.9 0.420 0.790 96.43 11/11/2020
0.220 0.035 0.220 0.170 6068WA PCCS-WA 0.220 0.040 12466.8 0.520 0.600 57.69 25/12/2022 0.180 0.050 0.150 0.140 6139CC TAKAFUL-CC 0.145 Unch 709.5 5.170 4.600 5.80 29/11/2019
0.160 0.135 0.135 0.135 518329 PCHEM-C29 0.135 -0.005 150 9.100 8.500 5.27 17/09/2019 0.205 0.030 0.040 0.030 7200WA TEKSENG-WA 0.035 Unch 582.2 0.245 0.250 16.33 29/01/2020
0.035 0.005 0.015 0.015 6254WB PDZ-WB 0.015 Unch 1 0.035 0.100 228.57 29/01/2023 0.125 0.070 0.080 0.075 534754 TENAGA-C54 0.075 Unch 3319 12.620 13.800 14.10 23/10/2019
0.255 0.100 0.105 0.105 9997WB PENSONI-WB 0.105 Unch 20 0.395 0.600 78.48 20/01/2024 0.095 0.090 0.095 0.095 534755 TENAGA-C55 0.095 0.005 910 12.620 13.000 12.80 30/09/2019
0.175 0.030 0.050 0.045 8311WC PESONA-WC 0.050 0.005 970 0.245 0.250 22.45 27/01/2020 0.190 0.175 0.185 0.185 534756 TENAGA-C56 0.185 Unch 620 12.620 12.700 12.36 29/11/2019
2.260 0.795 1.570 1.570 7172WA PMBTECH-WA 1.570 -0.010 5 3.400 3.010 34.71 12/07/2023 0.375 0.100 0.255 0.250 7252WA TEOSENG-WA 0.250 -0.020 9 1.220 1.350 31.15 29/01/2020
0.160 0.105 0.130 0.130 886927 PMETAL-C27 0.130 0.005 5 4.550 4.300 8.79 31/12/2019 1.700 0.705 0.980 0.950 7034WA TGUAN-WA 0.980 -0.005 8.3 2.500 1.500 -0.80 09/10/2019
4.880 3.330 4.140 4.120 8869WC PMETAL-WC 4.140 Unch 51.1 4.550 0.390 -0.44 22/08/2019 0.264 0.022 0.075 0.065 7889WB THRIVEN-WB 0.070 Unch 398.2 0.235 0.480 134.04 05/10/2020
0.620 0.300 0.530 0.515 7088WB POHUAT-WB 0.530 Unch 29.3 1.540 1.000 -0.65 21/10/2020 0.025 0.005 0.020 0.020 7079WC TIGER-WC 0.020 Unch 215 0.075 0.320 353.33 11/02/2021
0.150 0.065 0.065 0.065 463431 POS-C31 0.065 Unch 180.2 1.830 2.000 23.50 31/07/2019 0.130 0.065 0.100 0.100 486335 TM-C35 0.100 -0.010 40 3.100 2.800 8.06 28/06/2019
0.240 0.090 0.100 0.100 463433 POS-C33 0.100 0.005 60.4 1.830 2.000 20.22 31/10/2019 0.390 0.115 0.350 0.350 486337 TM-C37 0.350 Unch 0.8 3.100 2.150 3.23 30/09/2019
0.550 0.315 0.335 0.325 7168WA PRG-WA 0.330 -0.010 105 0.740 0.375 -4.73 06/07/2019 0.255 0.160 0.220 0.215 486339 TM-C39 0.215 -0.005 40 3.100 2.600 8.15 31/07/2019
0.280 0.075 0.095 0.090 8966WA PRLEXUS-WA 0.095 0.010 52 0.560 1.200 131.25 14/06/2021 0.100 0.080 0.080 0.080 486341 TM-C41 0.080 -0.005 250 3.100 3.500 25.81 30/09/2019
0.220 0.035 0.060 0.055 5070WA PRTASCO-WA 0.060 -0.005 551.7 0.275 0.750 194.55 25/04/2023 0.180 0.010 0.020 0.015 0101WB TMCLIFE-WB 0.015 -0.005 317 0.730 0.750 4.79 21/06/2019
0.095 0.010 0.035 0.030 7145WA PSIPTEK-WA 0.035 Unch 4999.9 0.135 0.100 0.00 16/11/2019 0.365 0.115 0.130 0.130 7285WA TOMYPAK-WA 0.130 -0.005 0.1 0.458 0.930 131.44 21/06/2021
0.150 0.045 0.060 0.055 0186WA PTRANS-WA 0.055 Unch 2139.1 0.230 0.235 26.09 19/09/2020 0.245 0.015 0.015 0.015 711342 TOPGLOV-C42 0.015 Unch 30 4.600 5.800 27.88 31/05/2019
0.190 0.055 0.070 0.070 0007WA PUC-WA 0.070 0.005 837.9 0.100 0.100 70.00 25/12/2024 0.275 0.025 0.030 0.030 711343 TOPGLOV-C43 0.030 -0.005 340 4.600 5.880 31.09 17/06/2019
0.415 0.120 0.250 0.240 7134WA PWF-WA 0.250 0.035 19.1 0.815 0.620 6.75 20/07/2021 0.145 0.020 0.025 0.025 711344 TOPGLOV-C44 0.025 -0.005 105 4.600 6.600 46.47 31/07/2019
0.550 0.210 0.275 0.270 7237WA PWROOT-WA 0.275 0.005 59 1.350 1.540 34.44 24/07/2023 0.160 0.075 0.085 0.085 711345 TOPGLOV-C45 0.085 -0.005 300 4.600 4.600 12.93 31/07/2019
0.075 0.005 0.010 0.005 7498WB RALCO-WB 0.010 0.005 289.6 0.240 1.000 320.83 13/12/2019 0.095 0.060 0.070 0.065 711348 TOPGLOV-C48 0.065 -0.005 128 4.600 5.000 17.17 29/11/2019
0.135 0.045 0.060 0.060 5256WA REACH-WA 0.060 -0.005 3344.5 0.310 0.750 161.29 12/08/2022 0.175 0.125 0.145 0.140 711349 TOPGLOV-C49 0.140 -0.010 1418 4.600 5.000 23.91 30/09/2019
0.495 0.330 0.415 0.400 0200WA REVENUE-WA 0.400 -0.010 371.9 1.210 1.250 36.36 14/01/2024 0.160 0.135 0.145 0.140 711351 TOPGLOV-C51 0.140 -0.010 340 4.600 4.880 21.30 30/09/2019
0.200 0.040 0.105 0.105 9954WB RGTBHD-WB 0.105 Unch 170 0.170 0.100 20.59 14/05/2023 0.215 0.190 0.205 0.205 711352 TOPGLOV-C52 0.205 -0.010 370 4.600 4.280 15.33 30/09/2019
0.130 0.075 0.095 0.090 106612 RHBBANKC12 0.090 Unch 71.9 5.730 5.800 7.82 31/07/2019 0.260 0.080 0.095 0.095 7173WB TOYOINK-WB 0.095 -0.005 98 0.630 1.500 153.17 06/11/2023
0.110 0.055 0.085 0.075 106613 RHBBANKC13 0.075 -0.010 13.6 5.730 5.600 4.28 29/11/2019 0.270 0.110 0.205 0.205 7176WA TPC-WA 0.205 Unch 59 0.410 0.200 -1.22 19/01/2021
0.180 0.055 0.100 0.090 8567WB SALCON-WB 0.095 0.005 3616.1 0.295 0.300 33.90 19/07/2025 0.020 0.005 0.010 0.005 0118WB TRIVE-WB 0.010 0.005 11044.4 0.020 0.090 400.00 28/08/2020
0.035 0.005 0.005 0.005 521872 SAPNRGC72 0.005 Unch 99.9 0.355 0.680 93.80 31/05/2019 0.120 0.015 0.015 0.015 5401WA TROP-WA 0.015 Unch 146 0.880 1.000 15.34 06/12/2019
0.055 0.020 0.035 0.035 521874 SAPNRGC74 0.035 Unch 200 0.355 0.409 30.21 28/06/2019 0.260 0.105 0.185 0.185 458813 UMW-C13 0.185 Unch 0.4 5.720 4.700 1.57 30/08/2019
0.105 0.075 0.090 0.090 521875 SAPNRGC75 0.090 Unch 540 0.355 0.280 16.90 30/08/2019 0.260 0.155 0.185 0.185 458815 UMW-C15 0.185 0.005 40 5.720 4.800 3.32 28/06/2019
0.100 0.070 0.090 0.085 521876 SAPNRGC76 0.090 0.005 53.2 0.355 0.420 53.80 31/01/2020 0.160 0.090 0.095 0.095 458817 UMW-C17 0.095 -0.005 530 5.720 6.300 18.78 31/07/2019
0.180 0.085 0.145 0.140 5218WA SAPNRG-WA 0.140 Unch 14877.6 0.355 0.490 77.46 23/01/2026 0.120 0.075 0.105 0.105 524327 VELESTO-C27 0.105 0.005 60 0.305 0.210 13.61 30/09/2019
0.015 0.005 0.005 0.005 0109WB SCBUILD-WB 0.005 Unch 600 0.035 0.050 57.14 06/11/2019 0.160 0.050 0.125 0.120 5243WA VELESTO-WA 0.120 -0.005 1020.7 0.305 0.395 68.85 18/10/2024
0.110 0.020 0.045 0.040 0161WA SCH-WA 0.045 0.010 464.1 0.120 0.100 20.83 04/12/2021 0.355 0.100 0.145 0.145 0120WB VIS-WB 0.145 Unch 102 0.420 0.750 113.10 16/11/2022
0.070 0.005 0.060 0.040 7158WB SCOMI-WB 0.040 0.015 62786.4 0.110 0.210 127.27 18/02/2023 0.160 0.045 0.050 0.050 0097CM VITROX-CM 0.050 0.005 0.5 7.160 8.000 20.11 28/06/2019
0.105 0.030 0.105 0.105 0028WA SCOPE-WA 0.105 0.005 133 0.240 0.150 6.25 17/07/2020 0.023 0.005 0.005 0.005 0069WC VIVOCOM-WC 0.005 Unch 200 0.015 0.070 400.00 22/01/2020
0.130 0.020 0.040 0.035 7073WC SEACERA-WC 0.035 Unch 4041.7 0.330 1.000 213.64 21/01/2021 0.015 0.005 0.005 0.005 0069WE VIVOCOM-WE 0.005 Unch 76.6 0.015 0.050 266.67 22/08/2023
0.085 0.030 0.045 0.040 0055WA SERSOL-WA 0.045 0.005 20.1 0.100 0.180 125.00 18/04/2023 0.135 0.070 0.110 0.105 696310 VS-C10 0.105 0.005 4922.1 1.090 1.200 34.17 31/07/2019
0.170 0.050 0.090 0.085 7246WA SIGN-WA 0.085 Unch 61 0.520 0.970 102.88 21/04/2021 0.125 0.095 0.120 0.115 696313 VS-C13 0.115 0.005 1450 1.090 1.100 32.57 23/10/2019
0.115 0.075 0.075 0.075 5285CJ SIMEPLT-CJ 0.075 -0.015 399.8 5.150 5.200 12.62 30/08/2019 0.080 0.060 0.080 0.080 696314 VS-C14 0.080 0.005 3579.1 1.090 1.450 55.78 31/10/2019
0.120 0.105 0.120 0.120 7155CQ SKPRES-CQ 0.120 Unch 259.9 1.350 1.350 26.67 29/11/2019 0.175 0.155 0.175 0.170 696315 VS-C15 0.175 0.010 3000 1.090 1.080 31.19 29/11/2019
0.145 0.050 0.095 0.095 9776WC SMCAP-WC 0.095 Unch 89 0.190 0.200 55.26 29/08/2023 0.170 0.095 0.160 0.150 6963C9 VS-C9 0.155 Unch 5669.9 1.090 0.880 16.28 02/08/2019
0.200 0.065 0.065 0.065 5242WA SOLID-WA 0.065 -0.005 30.3 0.285 0.210 -3.51 16/12/2020 0.220 0.045 0.080 0.075 9679WE WCT-WE 0.080 Unch 552.8 0.900 2.080 140.00 27/08/2020
0.090 0.025 0.025 0.025 0093WA SOLUTN-WA 0.025 Unch 100 0.090 0.200 150.00 04/07/2021 0.180 0.095 0.135 0.130 0197WA WEGMANS-WA 0.135 Unch 365 0.315 0.300 38.10 13/01/2022
0.225 0.105 0.115 0.115 866414 SPSETIA-C14 0.115 Unch 0.4 2.200 2.150 10.80 31/10/2019 0.180 0.080 0.090 0.080 0162WA WIDAD-WA 0.085 -0.005 7218.7 0.310 0.350 40.32 05/08/2023
0.065 0.010 0.025 0.025 0140WA STERPRO-WA 0.025 -0.005 11 0.180 0.480 180.56 17/02/2021 0.260 0.070 0.130 0.120 7245WA WZSATU-WA 0.130 Unch 836.2 0.310 0.380 64.52 28/10/2024
0.185 0.095 0.175 0.165 0080WA STRAITS-WA 0.165 -0.005 2030.8 0.270 0.115 3.70 10/08/2022 0.030 0.010 0.015 0.015 5156WD XDL-WD 0.015 Unch 1530.2 0.090 0.180 116.67 17/01/2022
0.270 0.035 0.055 0.050 3743WA SUNSURIA-WA 0.055 0.010 40 0.690 1.500 125.36 22/07/2020 0.130 0.015 0.025 0.025 7293CT YINSON-CT 0.025 Unch 216.8 4.570 4.680 4.87 31/05/2019
0.450 0.210 0.395 0.365 5211WB SUNWAY-WB 0.390 0.035 3062.7 1.680 1.790 29.76 03/10/2024 0.990 0.085 0.090 0.085 7066WA YONGTAI-WA 0.090 -0.005 287 0.360 0.500 63.89 24/06/2020
0.225 0.015 0.025 0.025 710655 SUPERMX-C55 0.025 -0.005 100 1.490 1.750 20.81 31/07/2019 0.075 0.070 0.075 0.075 467724 YTL-C24 0.075 0.005 40.8 1.110 1.200 21.62 17/09/2019
0.310 0.070 0.085 0.080 710656 SUPERMX-C56 0.085 -0.010 582 1.490 1.400 8.22 30/05/2019 0.110 0.095 0.110 0.110 6742C8 YTLPOWR-C8 0.110 Unch 469 0.880 0.900 14.77 29/11/2019
0.305 0.055 0.075 0.065 710657 SUPERMX-C57 0.065 -0.020 40 1.490 1.400 4.87 30/04/2019
Please refer to the Bursa Malaysia website for the prices of loan stocks, bonds and overseas structure warrants
3 0 Markets M ON DAY AP RI L 8, 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

INSIDER MOVES . TRADING THEMES . EVENTS . FOREX

Insider moves (Filings on April 4, 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. Russian, US and Saudi crude oil production
COMPANY SHARES ACQUIRED DIRECTOR/SUBSTANTIAL SHARES HELD TRANSACTION
(DISPOSED) SHAREHOLDER AFTER CHANGE DATE The US became the world’s biggest crude oil producer in 2018. Together with Russia and
AMMB 526,100 EMPLOYEES PROVIDENT FUND BOARD 210,067,537 1/4 Saudi Arabia, these three countries alone meet more than a third of the world’s 100 million
AXIATA GROUP 5,686,200 EMPLOYEES PROVIDENT FUND BOARD 1,476,891,859 29/3 & 1/4
AXIS REAL ESTATE (800,000) AMANAHRAYA TRUSTEE 112,630,600 2/4 barrels per day of crude oil consumption.
INVESTMENT TRUST - AMANAH SAHAM BUMIPUTERA
BAHVEST RESOURCES (450,000) LO TECK YONG 10,936,160 1/4
BERMAZ AUTO (241,200) EMPLOYEES PROVIDENT FUND BOARD 145,691,500 1/4
BIMB (274,341) AMANAHRAYA TRUSTEE 109,333,900 2/4
- AMANAH SAHAM BUMIPUTERA
CAHYA MATA SARAWAK 12,329,400 DATO SRI SULAIMAN ABDUL 103,529,755 1 - 3/4
RAHMAN TAIB
CAPITALAND (M) MALL TRUST 1,306,200 KUMPULAN WANG PERSARAAN 193,145,700 3/4
(DIPERBADANKAN)
CIMB GROUP 2,928,500 EMPLOYEES PROVIDENT FUND BOARD 1,352,496,564 1/4
COASTAL CONTRACTS 200,000 SAMARANG UCITS 37,948,100 3/4
- SAMARANG ASIAN PROSPERITY
DIALOG GROUP (2,000,000) KUMPULAN WANG PERSARAAN 304,778,833 3/4
(DIPERBADANKAN)
DIALOG GROUP 1,778,700 EMPLOYEES PROVIDENT FUND BOARD 490,178,716 1/4
DRB-HICOM (1,800,300) EMPLOYEES PROVIDENT FUND BOARD 182,976,697 29/3
FGV (5,000,000) KUMPULAN WANG PERSARAAN 209,691,000 3/4
(DIPERBADANKAN)
GABUNGAN AQRS (461,000) KUMPULAN WANG PERSARAAN 29,462,344 3/4
(DIPERBADANKAN)
GENTING PLANTATIONS (166,000) KUMPULAN WANG PERSARAAN 51,021,500 3/4
(DIPERBADANKAN)
GENTING PLANTATIONS 619,800 EMPLOYEES PROVIDENT FUND BOARD 71,013,100 1/4
GLOBETRONICS TECHNOLOGY (300,000) EMPLOYEES PROVIDENT FUND BOARD 83,970,329 1/4
HARTALEGA (1,558,900) EMPLOYEES PROVIDENT FUND BOARD 229,112,800 1/4
HONG LEONG BANK 800,000 EMPLOYEES PROVIDENT FUND BOARD 251,745,021 1/4
IGB REAL ESTATE (861,200) EMPLOYEES PROVIDENT FUND BOARD 372,807,066 1/4
INVESTMENT TRUST
IHH HEALTHCARE 3,000,000 EMPLOYEES PROVIDENT FUND BOARD 658,519,800 1/4
IJM CORPORATION (1,000,000) EMPLOYEES PROVIDENT FUND BOARD 539,539,118 1/4
INARI AMERTRON (147,000) KUMPULAN WANG PERSARAAN 426,476,675 3/4
(DIPERBADANKAN)
KIAN JOO CAN FACTORY 1,611,740 CAN-ONE INTERNATIONAL 370,251,985 3/4
KUALA LUMPUR KEPONG 286,100 EMPLOYEES PROVIDENT FUND BOARD 118,679,988 1/4
MALAYAN BANKING 2,825,100 EMPLOYEES PROVIDENT FUND BOARD 1,406,203,696 1/4
MALAYAN BANKING (3,143,200) AMANAHRAYA TRUSTEE 3,827,967,200 2/4
- AMANAH SAHAM BUMIPUTERA
MALAYSIA AIRPORTS 1,150,000 EMPLOYEES PROVIDENT FUND BOARD 207,533,992 1/4
MALAYSIAN RESOURCES (1,000,000) LEMBAGA TABUNG HAJI 306,157,946 2/4
CORPORATION
MANAGEPAY SYSTEMS 3,000,000 DATO’ CHEW CHEE SENG 161,664,238 3/4
MAXIS 2,078,700 EMPLOYEES PROVIDENT FUND BOARD 886,238,514 1/4
MCT (2,000,000) TAN SRI DATO’ SRI GOH MING CHOON 85,339,790 29/3
MISC 876,600 EMPLOYEES PROVIDENT FUND BOARD 288,718,911 22, 25 - 28/3
MQ TECHNOLOGY (20,000,000) WONG KEN HONG 3/4
PAVILION REAL ESTATE 793,400 EMPLOYEES PROVIDENT FUND BOARD 172,625,603 1/4
INVESTMENT TRUST
PENTAMASTER CORPORATION (554,100) KUMPULAN WANG PERSARAAN 32,103,700 3/4
(DIPERBADANKAN)
PETRONAS CHEMICALS GROUP 3,445,000 EMPLOYEES PROVIDENT FUND BOARD 598,064,500 1/4
PRICEWORTH INTERNATIONAL (930,000) LIM NYUK FOH 331,103,713 3/4
PUBLIC BANK 4,744,700 EMPLOYEES PROVIDENT FUND BOARD 500,463,300 1/4
S P SETIA 500,000 EMPLOYEES PROVIDENT FUND BOARD 446,442,697 1/4
SIME DARBY (1,050,700) EMPLOYEES PROVIDENT FUND BOARD 679,667,275 1/4
SIME DARBY (2,430,100) AMANAHRAYA TRUSTEE 2,887,281,000 2/4 Stocks closest to year high Stocks closest to year low
- AMANAH SAHAM BUMIPUTERA STOCK HIGH LOW CLOSE VOLUME STOCK HIGH LOW CLOSE VOLUME
SIME DARBY PLANTATION 2,616,300 EMPLOYEES PROVIDENT FUND BOARD 960,403,531 1/4 (RM) (RM) (RM) ('000) (RM) (RM) (RM) ('000)
SUNWAY (464,000) EMPLOYEES PROVIDENT FUND BOARD 350,292,670 1/4
DRBHCOMC75 0.135 0.100 0.135 2807.8 SP500-HI 0.675 0.670 0.670 217
SUNWAY CONSTRUCTION GROUP (616,700) EMPLOYEES PROVIDENT FUND BOARD 106,928,443 29/3
SUNWAY REAL ESTATE (979,200) AMANAHRAYA TRUSTEE 159,351,400 2/4 MHCARE 0.560 0.550 0.560 10 TM-C41 0.080 0.080 0.080 250
INVESTMENT TRUST - AMANAH SAHAM BUMIPUTERA BJTOTO 2.650 2.550 2.640 3352.9 MMCCORPC12 0.055 0.045 0.045 180
SUNWAY REAL ESTATE 200,000 EMPLOYEES PROVIDENT FUND BOARD 453,633,200 28/3 PCCS-WA 0.220 0.170 0.220 12466.8 SIMEPLT-CJ 0.075 0.075 0.075 399.8
INVESTMENT TRUST SP500-CG 1.010 1.000 1.010 23.5 HSI-H6G 0.215 0.195 0.205 6796.4
SYARIKAT TAKAFUL (M) KELUARGA (216,400) EMPLOYEES PROVIDENT FUND BOARD 90,266,286 1/4 GAMUDA-C64 0.105 0.105 0.105 240 CIMB-C47 0.050 0.050 0.050 50
TA ENTERPRISE 468,500 DATUK TIAH THEE KIAN 695,302,700 1 - 3/4
SUNREIT 1.850 1.820 1.830 3005.7 HSI-H6E 0.030 0.025 0.025 100
TELEKOM MALAYSIA 2,086,700 EMPLOYEES PROVIDENT FUND BOARD 658,361,300 1/4
TENAGA NASIONAL 1,179,100 EMPLOYEES PROVIDENT FUND BOARD 797,634,582 1/4 JAKS-WB 0.660 0.600 0.655 1260.4 HSI-H6N 0.165 0.150 0.150 87.9
TOP GLOVE CORPORATION (2,006,600) EMPLOYEES PROVIDENT FUND BOARD 167,462,501 1/4 BAUTO 2.440 2.380 2.410 6917.1 AMBANK-C13 0.070 0.070 0.070 513.9
UMW 135,600 EMPLOYEES PROVIDENT FUND BOARD 118,413,391 1/4 PCCS 0.530 0.480 0.520 16650.9 HSI-H6M 0.095 0.080 0.095 444.7
UOA DEVELOPMENT 240,100 EMPLOYEES PROVIDENT FUND BOARD 139,340,700 1/4 DRBHCOMC69 0.155 0.155 0.155 30 GENM-C53 0.090 0.090 0.090 10
YINSON (1,320,900) EMPLOYEES PROVIDENT FUND BOARD 143,821,000 1/4
MRCB-C42 0.080 0.075 0.075 550 HSI-H6Q 0.330 0.330 0.330 15
YINSON (661,200) KUMPULAN WANG PERSARAAN 129,947,200 3/4
(DIPERBADANKAN) INARI-C37 0.130 0.125 0.125 5.6 HSI-H6P 0.210 0.205 0.205 53.9
YNH PROPERTY (1,448,800) DATO DR YU KUAN CHON 130,712,450 1 & 2/4 PENTA 3.920 3.730 3.870 2336.7 PHARMA 2.140 2.050 2.080 1141.8
DRBHCOMC76 0.115 0.110 0.110 150 HSI-H6R 0.470 0.440 0.440 10.2
While every effort is made to ensure accuracy, the information presented is not an exhaustive list and is not an official record of shareholder
filings. Direct and indirect share are combined due to space constraints. Readers who are interested should check the official filings filed with DRBHCOMC72 0.150 0.150 0.150 200 HOMERIZ 0.595 0.590 0.590 236.9
Bursa Malaysia. Note: * denotes Ace Market UOAREIT 1.470 1.430 1.460 60 ELSOFT 1.010 0.990 1.000 494.9
KOMARK 0.345 0.285 0.315 9502.2 WIDAD-WA 0.090 0.080 0.085 7218.7
PERMAJU 0.560 0.540 0.545 10024.3 SP500-HG 0.100 0.100 0.100 45.2

Local event to watch out for today MFLOUR-WC

GBGAQRS-WB
0.570
0.465
0.540
0.440
0.560
0.465
4604.7
7296.3
SOLID-WA
HSI-H6F
0.065
0.095
0.065
0.080
0.065
0.085
30.3
5056.6

• Nil This table shows stocks that are trading near their year high. This This table shows stocks that are trading near their year low. This
could suggest a build-up in buying momentum, or the possibility that could suggest a build-up in selling momentum, or the possibility that
profit-taking activities could set in later. bargain hunting could set in later.

Foreign exchange rates

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

NZ $ 0.600 0.673 0.673 0.516 0.902 0.912 0.912 0.947 2.7546 4.525 56.176 4.483 2.474 9,510 46.579 75.250 5.797 35.069 2.452 2.526 6.265 21.471 5.286
EURO 1.667 1.122 1.122 0.860 1.503 1.521 1.521 1.578 4.5910 7.541 93.627 7.471 4.123 15,850 77.632 125.417 9.661 58.448 4.086 4.210 10.441 35.785 8.811
US $ 1.485 0.891 1.000 0.766 1.339 1.355 1.355 1.406 4.0900 6.718 83.410 6.656 3.673 14,120 69.160 111.730 8.607 52.070 3.641 3.750 9.302 31.880 7.849
SWISS FR 1.485 0.891 1.000 0.767 1.339 1.355 1.355 1.406 4.0908 6.720 83.426 6.657 3.674 14,123 69.174 111.752 8.609 52.080 3.641 3.751 9.304 31.886 7.851
STERLING £ 1.937 1.162 1.305 1.305 1.747 1.767 1.767 1.834 5.3366 8.766 108.832 8.684 4.792 18,424 90.240 145.785 11.230 67.941 4.750 4.893 12.137 41.597 10.241
CANADA $ 1.109 0.665 0.747 0.747 0.572 1.012 1.012 1.050 3.0545 5.017 62.292 4.971 2.743 10,545 51.650 83.443 6.428 38.887 2.719 2.801 6.947 23.809 5.862
BRUNEI $ 1.096 0.658 0.738 0.738 0.566 0.988 1.000 1.038 3.0193 4.960 61.574 4.913 2.711 10,424 51.055 82.481 6.354 38.439 2.687 2.768 6.867 23.534 5.794
SINGAPORE $ 1.096 0.658 0.738 0.738 0.566 0.988 1.000 1.038 3.0193 4.960 61.574 4.913 2.711 10,424 51.055 82.481 6.354 38.439 2.687 2.768 6.867 23.534 5.794
AUSTRALIA $ 1.056 0.634 0.711 0.711 0.545 0.953 0.964 0.964 2.9096 4.779 59.337 4.735 2.613 10,045 49.200 79.484 6.123 37.042 2.590 2.668 6.617 22.679 5.584
MALAYSIA RM 0.363 0.218 0.244 0.244 0.187 0.327 0.331 0.331 0.344 1.0000 1.643 20.394 1.627 0.898 3,452 16.910 27.318 2.104 12.731 0.890 0.917 2.274 7.795 1.919
100 CHINESE RMB 22.101 13.261 14.885 14.882 11.408 19.931 20.163 20.163 20.923 60.8790 1,242 99.069 54.669 210,174 1,029.440 1,663 128.112 775.055 54.188 55.821 138.456 474.527 116.833
100 BANGLAD’H TAKA 1.780 1.068 1.199 1.199 0.919 1.605 1.624 1.624 1.685 4.9035 8.055 7.980 4.403 16,928 82.916 133.953 10.319 62.427 4.365 4.496 11.152 38.221 9.410
100 DANISH KRONER 22.309 13.385 15.025 15.022 11.515 20.118 20.353 20.353 21.120 61.4510 100.94 1,253 55.183 212,149 1,039.11 1,679 129.32 782.34 54.70 56.35 139.76 478.99 117.93
100 UAE DIRHAM 40.427 24.256 27.227 27.222 20.867 36.457 36.882 36.882 38.273 111.3592 182.92 2,271 181.22 384,448 1,883 3,042 234.34 1,418 99.12 102.11 253.26 868.00 213.71
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 0.591 0.047 0.026 0.490 0.791 0.061 0.369 0.026 0.027 0.066 0.226 0.056
100 INDIA RUPEE 2.147 1.288 1.446 1.446 1.108 1.936 1.959 1.959 2.033 5.9138 9.714 120.604 9.624 5.311 20,416 161.553 12.445 75.289 5.264 5.422 13.450 46.096 11.349
100 JAPAN YEN 1.329 0.797 0.895 0.895 0.686 1.198 1.212 1.212 1.258 3.6606 6.013 74.653 5.957 3.287 12,638 61.899 7.703 46.603 3.258 3.356 8.325 28.533 7.025
100 NORWEGIAN KRONER 17.251 10.351 11.619 11.616 8.905 15.557 15.739 15.739 16.332 47.5200 78.056 969 77.330 42.673 164,054 803.544 1,298 604.980 42.297 43.572 108.074 370.399 91.195
100 PHILIPPINE PESO 2.852 1.711 1.920 1.920 1.472 2.572 2.602 2.602 2.700 7.8548 12.902 160.188 12.782 7.054 27,117 132.822 214.577 16.529 6.992 7.202 17.864 61.225 15.074
100 QATAR RIYAL 40.785 24.471 27.469 27.463 21.052 36.781 37.210 37.210 38.613 112.3472 184.542 2,291 182.824 100.887 387,859 1,900 3,069 236.421 1,430 103.013 255.509 875.701 215.605
100 SAUDI RIYAL 39.592 23.755 26.665 26.660 20.436 35.705 36.121 36.121 37.483 109.0609 179.144 2,224 177.476 97.936 376,513 1,844 2,979 229.505 1,388 97.075 248.035 850.086 209.298
100 SWEDISH KRONOR 15.962 9.577 10.751 10.749 8.239 14.395 14.563 14.563 15.112 43.9700 72.225 896.707 71.553 39.485 151,799 743.515 1,201 92.529 559.785 39.138 40.317 342.728 84.383
100 THAI BAHT 4.657 2.794 3.137 3.136 2.404 4.200 4.249 4.249 4.409 12.8294 21.074 261.638 20.877 11.521 44,291 216.940 350.473 26.998 163.332 11.419 11.764 29.178 24.621
100 HK$ 18.917 11.350 12.740 12.738 9.764 17.059 17.258 17.258 17.909 52.1079 85.593 1,062.668 84.796 46.793 179,893 881.124 1,423 109.655 663.389 46.381 47.779 118.508 406.160
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.
MONDAY AP R I L 8 , 20 1 9 • T HE E D G E FINA NCIA L DA ILY
Markets 3 1
FUTURES . MONEY MARKET . COMMODITIES

Index futures Money market

Long Rolls - KLCI futures US Dollar Klibor
FKLI
Index points Open Interest Index points USD Index Implied interest rate (%)
105.0
18.00
1980 1,644.00 90000 -0.50 4.5
(-1.50) (Unch) 3.60
(Unch)
1785 4.75 96.5
68000
3.5

1590 46000 -8.50 88.0

97.395
(+0.087) 2.5
1395 24000 -21.75 79.5

1200 2000 -35.00 71.0 1.5

Jan 4, 2010 Apr 5, 2019 Jan 4, 2010 Apr 5, 2019 Oct 2, 2006 Apr 5, 2019 Oct 1, 2000 Apr 5, 2019

KLCI futures end lower FBM KLCI futures US dollar gains as job Klibor
with weaker cash market INDEX AND FUTURES
CONTRACT LAST CHANGE VOLUME
OPEN CHANGE IN
INTEREST OPEN INTEREST
gains beat expectations MONTH SETTLEMENT
PRICE
CHANGE VOLUME OPEN
INTEREST

The FBM KLCI futures (FKLI) contract on FBMKLCI 1,641.81 -3.26 109.9M The US dollar rose last Friday after a jobs APR9 96.40 — — —
MAY9 96.40 — — —
Bursa Malaysia Derivatives ended the day APR 19 1,644.00 -1.50 3,044 25,668 112 report for March showed US job gains were JUN9 96.40 — — —
lower, tracking similar performance on the MAY 19 1,643.00 -1.50 52 306 24
better than expected during the month while SEP9 96.40 — — —
JUN 19 1,642.00 -1.50 10 417 9
underlying cash market. SEP 19 1,639.00 -0.50 15 307 4
wage pressures were muted. DEC9 96.40 — — —
Spot months April 2019, May 2019 and TOTAL US non-farm payrolls rose by 196,000 MAR0 96.40 — — —
3,121 26,698 149
JUN0 96.40 — — —
June 2019 slid 1.5 points each to 1,644, 1,643 jobs last month. SEP0 96.40 — — —
and 1,642 respectively, while September FUTURES APR/MAY
ROLL OVER BID
0.0
OFFER
-1.0
CLOSE
-0.5
Data for February was revised modestly DEC0 96.40 — — —
2019 was 0.5 point weaker at 1,639. up to show payrolls rising by 33,000 jobs MAR1 96.40 — — —
Turnover retreated to 3,121 lots from 5,610 FUTURES FAIR VALUE instead of the previously reported 20,000. JUN1 96.40 — — —
SEP1 96.40 — — —
lots last Thursday, while open interest fell CONTRACT
APR 19
DAYS TO EXPIRY
26
KLIBOR DIVIDEND FAIR VALUE
3.86 0.88 2.98
February job gains were the smallest since DEC1 96.40 — — —
to 26,698 contracts versus 29,190 contracts MAY 19 57 8.66 10.23 -1.57 September 2017. MAR2 96.40 — — —
previously. ROLL’S FAIR -4.56 Wage gains also slowed in March and JUN2 96.40 — — —
The benchmark KLCI settled at 1,641.81, more people dropped out of the labour force. SEP2 96.40 — — —
DEC2 96.40 — — —
down 3.26 points from last Thursday’s close Average hourly earnings increased by four
MAR3 96.40 — — —
of 1,645.07. US cents, or 0.1% in March after jumping JUN3 96.40 — — —
The FKLI is expected to trade higher 0.4% in February. SEP3 96.40 — — —
this week, hitting the 1,650 level, mainly The US dollar index against a basket of JAN-00 — — — —
driven by the higher commodities prices trade talks, which are likely to end in the next six major currencies was last up 0.1% on the JAN-00 — — — —
TOTAL 0 0
and optimism about the ongoing US-China few weeks. — Bernama day at 97.395. — Reuters

Commodities CPO prices react to various factors including soyoil prices, weather conditions and stockpiles. Open interest shows either increasing or decreasing market participation.

CPO & Open Interest CPO vs Soyoil Crude Oil Gold

CPO RM/tonne Open Interest CPO RM/tonne Soyoil US$/Ibs US$/bbl US$/troy oz
4200 6400 0.700 155.00 1980
200000
2,221
(+17) 5075 1660 1,292.60
3450 152500 0.2962 0.525 121.25
(+1.20)
(RM2,669/tonne) 63.08
(+0.98)
2700 105000 3750 0.350 87.50 1340

1950 57500 2425 0.175 53.75 1020

2,221
1200 10000
700
1100 (+17) 0.000 20.00
Jan 6, 2008 Apr 5, 2019 Apr 10, 2007 Apr 5, 2019 Aug 31, 2008 Apr 5, 2019
Jan 6, 2008 Apr 5, 2019

Palm oil rises to six-week high CPO futures Oil up as strong US economic Commodities

on stronger export outlook CONTRACT

APR-19
LAST
2,160
CHANGE
60
VOLUME
118
OPEN CHANGE IN
INTEREST OPEN INTEREST
1,682 -218
data eases demand concerns AGRICULTURE
CRUDE PALM OIL
UNIT
RM/TON
EXCHANGE
MDEX
LAST PRICE CHANGE
2,221 17
RUBBER SEN/KG MRB 602.50 -2.00
MAY-19 2,200 27 1,788 11,528 -1,592
Malaysian palm oil futures surged to their Oil prices gained 1.5% last Friday as strong CORN USC/BSH CBOT 362.50 -2.75
JUN-19 2,221 17 19,238 61,787 -3,076
SOYBEANS USC/BSH CBOT 899.00 -7.50
highest in six weeks last Friday, charting a JUL-19 2,237 9 8,796 53,912 855 US employment data tempered fears about
WHEAT USC/BSH CBOT 467.75 -3.00
fifth straight session of gains, on expectations AUG-19 2,243 8 5,009 31,129 819 weakening global crude oil demand, and LIVE CATTLE USC/IBS CME 120.350 -1.225
of dwindling stockpiles and improved CPO FUTURES CPO/SOYOIL on expectations that an escalating conflict COCOA US$/TON NYBOT 2,414 14
exports. INDICATIVE ROLL-OVER FUTURES BASIS (USD) in Libya could tighten oil supplies. COFFEE USC/IBS NYBOT 96.05 -1.75
APR/MAY -40 CURRENT -106.69
The benchmark palm oil contract for APR/JUN -61 3 MONTHS AVERAGE -109.67
Optimism that Washington and Beijing SUGAR USC/IBS NYBOT 12.88 0.07
June delivery on Bursa Malaysia Derivatives APR/JUL are approaching a trade deal also boosted COTTON USC/IBS NYC 78.25 0.93
-77 6 MONTHS AVERAGE -110.43
rose RM17 or 0.9% at RM2,221 a tonne at the MAY/JUN -21 crude prices. METAL & PRECIOUS METALS
TIN US$/TON KLTM 21,180 -20
closing trade. It earlier rose 1.4% to RM2,235, SGS & ITS EXPORT ESTIMATES (TONNES) International Brent crude oil futures COPPER USC/IBS CMX 2.9000 -0.0150
its highest since Feb 25. SHIPMENT DAYS JAN’19 FEB’19 MAR’19 settled at US$70.34 a barrel, up 94 US cents GOLD US$/TROY OZ CMX 1,292.60 1.20
Palm oil was up last week by 5.6%, a 1 - 10TH DAYS 466/458 392/407 412/453 or 1.35%. The session high of US$70.46 PLATINUM US$/TROY OZ NYMEX 904.20 0.80
1 - 15TH DAYS 647/607 674/686 697/677
second weekly gain in three. was the strongest since Nov 12. PALLADIUM US$/TROY OZ NYMEX 1,337.80 13.50
A futures trader in Kuala Lumpur said 11 -- 20TH DAYS
25TH DAYS
963/930
1,208/1,213
918/930 925/909
1,122/1,139 1,261/1,158
US West Texas Intermediate (WTI) crude SILVER USC/TROY OZ CMX 15.09 0.00
the market jumped in the evening on FULL MONTH oil futures settled at US$63.08 a barrel, up ALUMINIUM RMB/TON SHF 13,825 20
1,454/1,471 1,232/1,258 1,577/1,546
ZINC RMB/TON SHF 22,810 415
expectations of higher exports in April. MALAYSIAN PALM OIL BOARD 98 US cents, or 1.58%.
Palm oil futures had risen last week on NOV’18 DEC’18 JAN’19 FEB’19 Earlier in the session, WTI hit US$63.24, ENERGY
LIGHT CRUDE OIL US$/BBL NYMEX 63.08 0.98
expectations that March data from industry PRODUCTION 1,845 1,808 1,737 1,545 the highest since Nov 6. HEATING OIL USC/GAL NYMEX 2.0452 0.0286
regulator, the Malaysian Palm Oil Board, to EXPORT
STOCKS
1,375
3,007
1,383
3,215
1,676
3,001
1,321
3,045
Brent recorded its second straight week NATURAL GAS US$/MMBTU NYMEX 2.706 0.020
show a decline in inventory levels. of gains, while WTI saw its fifth consecutive BRENT CRUDE US$/BBL ICE 70.34 0.94
MPOB palm oil physical
Malaysia’s palm oil stockpiles are likely weekly rise. — Reuters GAS OIL US$/TON ICE 618.00 2.25
to have dropped during March to its lowest (IN RM/TON) MAR’19 APR’19 MAY’19

level in five months, according to a Reuters CPO DELD

PK EX-MILL
2,031.00 2,157.50 NO TRADE
1,210.00 NO TRADE NO TRADE
Centrifuged Latex Rubber - M’sia SMR 20
survey, as a hefty jump in exports outpaced CPKO DELD 2,430.50 2,563.00 NO TRADE Sen/Kg
Sen/Kg
production gains. RBD P.OIL FOB NO TRADE NO TRADE NO TRADE 1100 1900
March inventories are expected to have RBD P.OLEIN FOB NO TRADE NO TRADE NO TRADE
fallen 6.4% from February to 2.85 million RBD P. STEARIN FOB NO TRADE NO TRADE NO TRADE 900 496.00 1475 602.50
(+0.50)
tonnes, the lowest since October 2018, while MPOB FFB REF PRICE (MILL GATE PRICE) (-2.00)

exports are pegged to come in at 1.63 million REGION GRADE A GRADE B GRADE C 700 1050
OER (RM/TON) OER(RM/TON) OER (RM/TON)
tonnes, a 23.4% rise from the previous month. NORTH 20.00% 395 19.00% 376 18.00% 357
Malaysian palm oil stockpiles rose to their SOUTH 20.00% 407 19.00% 388 18.00% 368
500 625
highest in nearly two decades in December, CENTRAL 20.00% 396 19.00% 377 18.00% 358
and last increased unexpectedly in February EAST COAST 20.00% 393 19.00% 374 18.00% 355 300 200

by 1.3% to 3.05 million tonnes. — Reuters SABAH SARAWAK

22.00% 385
22.00% 391
21.00% 367
21.00% 373
20.00% 350
20.00% 355
Jan 7, 2007 Apr 5, 2019 Jan 7, 2007 Apr 5, 2019
 Markets
32 M ON DAY AP RI L 8, 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 1,641.81 3.26 FBM ACE 4,815.61 10.92 FTSTI 3,322.64 6.43 NIKKEI 21,807.50 82.55 HANG SENG 29,936.32 50.07 DOW JONES 26,424.99 40.36

Common sense is instinct, and enough Market movers

of it is genius. — Josh Billings
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 SCOMI 211,743.0 0.045 69.23 0.110 — 0.00
('000) (%) (RM) (RM) (RM) (RM) TRIVE 105,006.3 0.005 33.33 0.020 — 0.00
Index point
1649 SCOMI 211,743 69.23 0.045 0.110 0.145 0.110 PWORTH 87,836.7 UNCH UNCH 0.070 — 0.00
1648 TRIVE 105,006 33.33 0.005 0.020 0.025 0.020 SAPNRG 87,149.7 0.005 1.43 0.355 — 2.44
1647 KLCI futures SCOMI-WB 62,786 60.00 0.015 0.040 0.060 0.040 SCOMI-WB 62,786.4 0.015 60.00 0.040 — 0.00
1646 1,644.00 ICON 46,152 15.00 0.015 0.115 0.120 0.100 HIBISCS 46,377.8 0.020 1.80 1.130 5.31 0.00
(-1.50) BIOOSMO 43,446 0.00 0.000 0.060 0.070 0.055 ICON 46,151.9 0.015 15.00 0.115 — 0.00
1645
KL Composite Index PUC 42,003 5.26 0.005 0.100 0.105 0.095 ARMADA 44,462.9 UNCH UNCH 0.195 — 1.07
1644
BORNOIL 41,862 11.11 0.005 0.050 0.050 0.040 BIOOSMO 43,446.0 UNCH UNCH 0.060 — 0.00
1643
EAH 40,766 0.00 0.000 0.015 0.020 0.015 PUC 42,002.6 0.005 5.26 0.100 23.17 0.00
1642 VC 19,108 2.63 0.005 0.195 0.195 0.190 BORNOIL 41,861.5 0.005 11.11 0.050 — 0.00
1641 1,641.81 PA 15,701 10.00 0.005 0.055 0.065 0.050 SCOMIES 41,174.0 -0.010 -7.69 0.120 — 0.00
1640 (-3.26) ANZO 15,272 12.50 0.005 0.045 0.045 0.035 KNM 41,138.7 UNCH UNCH 0.165 — 0.00
1639 SAPNRG-WA 14,878 0.00 0.000 0.140 0.145 0.140 EAH 40,766.0 UNCH UNCH 0.015 — 0.00
8:45 9:30 10:30 11:30 12:45 14:30 15:30 16:30 17:15
FITTERS 13,835 5.26 0.025 0.500 0.510 0.485 MYEG 37,925.8 UNCH UNCH 1.530 69.55 1.24
NICE 13,132 16.67 0.005 0.035 0.040 0.030 TALAMT 32,768.6 0.005 10.00 0.055 — 0.00
Daily FBM KLCI PCCS-WA 12,467 22.22 0.040 0.220 0.220 0.170 BARAKAH 28,429.9 -0.005 -4.76 0.100 — 0.00
TRIVE-WB 11,044 100.00 0.005 0.010 0.010 0.005 DESTINI 27,899.8 0.020 6.56 0.325 190.63 0.00
DAYANG 24,134.4 0.010 0.74 1.370 7.99 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
HUAAN 23,716.1 -0.010 -3.77 0.255 10.04 0.00
2030.0 traded for a particular counter on the previous trading day is more than triple the average volume for the
1,641.81 last 5 trading days. The table captures the build-up of interest in these companies and is thus a gauge of
(-3.26)
market expectations for these counters. Top gainers and losers (ranked by RM)
1727.5

1,659.04
KLCI closes 0.2% lower UP
CLOSE
CHANGE
(RM)
DOWN
CLOSE
CHANGE
(RM)

on foreign selling
1425.0 F&N 36.960 1.780 NESTLE 145.500 -0.400
TASEK 5.330 0.230 KESM 8.000 -0.200
PTARAS 2.300 0.140 BAT 36.000 -0.180
1122.5
CMSB 3.620 0.130 HLFG 19.020 -0.160
KUALA LUMPUR: The FBM KLCI ended down 3.26 points BIPORT 4.870 0.120 LITRAK 4.260 -0.140
820.0 or 0.2% last Friday at 1,641.81 on foreign selling. PENTA 3.870 0.120 MAXIS 5.490 -0.110
Jan 2, 2008 Apr 5, 2019
At 5pm, the KLCI settled at 1,641.81 after trading entirely HENGYUAN 6.010 0.110 PBBANK 22.880 -0.100
in negative territory last Friday. The KLCI was traded between CARLSBG 26.060 0.100 TAKAFUL 5.170 -0.100
900 its intraday high and low at 1,645.09 points and 1,640.3 SIMEPLT 5.150 0.100 RAPID 5.480 -0.090
ANALABS 1.150 0.100 MBMR 2.900 -0.070
respectively.
600 UNIMECH 1.140 0.070 DKLS 1.700 -0.070
JF Apex Securities Bhd senior analyst Lee Cherng Wee LEBTECH 0.870 0.065 MENTIGA 0.540 -0.065
300 said foreign selling pushed the KLCI into the red last Friday as
local sentiment remained tepid amid a lack of fresh catalysts. Top gainers and losers (ranked by%age)
0 “The KLCI had grossly underperformed its regional peers

 
Volume (’mil) for the last two weeks as opposed to Asia and US markets UP CHANGE DOWN CHANGE
CLOSE (%) CLOSE (%)
which have been enjoying rallies lately,” Lee said.
FBM KLCI futures Turnover across Bursa Malaysia was 2.65 billion shares KSTAR-WA 0.015 200.00 KGROUP-WB 0.005 -50.00
MQTECH-WA 0.010 100.00 MBSB-C15 0.005 -50.00
CONTRACT SETTLEMENT CHANGE HIGH LOW
valued at RM1.58 billion.
NEXGRAM-WC 0.010 100.00 CBIP-WA 0.005 -50.00
APR 19 1,644.00 -1.50 1,649.00 1,641.50 Top decliners included KLCI stocks Maxis Bhd and Public TRIVE-WB 0.010 100.00 HSI-H6E 0.025 -44.44
MAY 19 1,643.00 -1.50 1,648.00 1,641.00 Bank Bhd. Maxis closed down 11 sen at RM5.49, while Public EAH-WD 0.010 100.00 CONNECT-WB 0.025 -37.50
JUN 19 1,642.00 -1.50 1,645.50 1,640.50
Bank declined 10 sen to RM22.88. DRBHCOMC67 0.010 100.00 VIVOCOM 0.015 -25.00
Across Asian stock indices last Friday, Japan’s Nikkei 225 FGV-C55 0.010 100.00 MEGASUN-WA 0.015 -25.00
FBM KLCI sensitivity* closed up 0.38% while South Korea’s Kospi gained 0.14%. RALCO-WB 0.010 100.00 TMCLIFE-WB 0.015 -25.00

KLCI CHANGE CLOSE VOLUME China markets are closed last Friday in conjunction with the ANZO-WC 0.010 100.00 HSI-H6C 0.015 -25.00
POINTS (RM) (RM) ('000) SCOMI 0.110 69.23 IRETEX-LA 0.015 -25.00
SIME DARBY PLANTATION 1.07 0.100 5.150 711.2
Qing Ming (Tomb Sweeping Day) festival holiday as global SCOMI-WB 0.040 60.00 SUPERMX-C57 0.065 -23.53
CIMB GROUP 0.15 0.010 5.110 2330.8 investors continue to take cue from US-China trade talks. AEON-CO 0.030 50.00 MMCCORPC12 0.045 -18.18
DIGI.COM 0.12 0.010 4.700 2471.8 Reuters reported that cautious optimism about US-
RHB BANK -0.12 -0.020 5.730 1253.9 China trade talks underpinned global stocks last Friday, Top gainers and losers - warrants (ranked by%age)
NESTLE MALAYSIA -0.15 -0.400 145.500 3.9 benchmark bond yields ground higher and the US dollar
MAYBANK -0.17 -0.010 9.260 7886.7 UP CHANGE DOWN CHANGE
DIALOG GROUP -0.18 -0.020 3.180 4891.1
reached a three-week high against the yen before US job data. CLOSE (%) CLOSE (%)
TENAGA NASIONAL -0.18 -0.020 12.620 3182.2 — by Justin Lim KSTAR-WA 0.015 200.00 KGROUP-WB 0.005 -50.00
IOI CORPORATION -0.20 -0.020 4.480 455.3
World equity indices MQTECH-WA 0.010 100.00 MBSB-C15 0.005 -50.00
TOP GLOVE CORPORATION -0.20 -0.050 4.600 3157.9 NEXGRAM-WC 0.010 100.00 CBIP-WA 0.005 -50.00
HAP SENG CONSOLIDATED -0.23 -0.060 9.820 67.6 CLOSE CHANGE CLOSE CHANGE TRIVE-WB 0.010 100.00 HSI-H6E 0.025 -44.44
MISC -0.28 -0.040 6.650 657.7
DOW JONES 26,424.99 40.36 INDONESIA 6,474.02 -20.61 EAH-WD 0.010 100.00 CONNECT-WB 0.025 -37.50
HONG LEONG FINANCIAL -0.29 -0.160 19.020 8.2
S&P 500 2,892.74 13.35 JAPAN 21,807.50 82.55 DRBHCOMC67 0.010 100.00 MEGASUN-WA 0.015 -25.00
GENTING MALAYSIA -0.55 -0.060 3.190 6310.9
NASDAQ 100 7,578.84 38.27 KOREA 2,209.61 3.08 FGV-C55 0.010 100.00 TMCLIFE-WB 0.015 -25.00
PUBLIC BANK -0.60 -0.100 22.880 6323.0
FTSE 100 7,446.87 44.93 PHILIPPINES 7,873.18 19.05 RALCO-WB 0.010 100.00 HSI-H6C 0.015 -25.00
MAXIS -1.34 -0.110 5.490 429.4
AUSTRALIA 6,181.30 -51.50 SINGAPORE 3,322.64 6.43 ANZO-WC 0.010 100.00 IRETEX-LA 0.015 -25.00
SUB-TOTAL -3.14
CHINA 3,246.57 30.28 TAIWAN 10,704.38 14.08 SCOMI-WB 0.040 60.00 SUPERMX-C57 0.065 -23.53
OTHERS -0.12
HONG KONG 29,936.32 -50.07 THAILAND 1,646.18 1.96 AEON-CO 0.030 50.00 MMCCORPC12 0.045 -18.18
GRAND TOTAL -3.26
INDIA 38,862.23 177.51 VIETNAM 989.26 2.35 NICE-WB 0.015 50.00 HENGYUAN-C6 0.045 -18.18
* How stock price changes affected the index on the previous trading day

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