No Malaysians involved in Mina stampede
Transcription
No Malaysians involved in Mina stampede
FBM KLCI 1613.17 22.20 KLCI FUTURES 1606.50 10.50 STI 2845.74 22.73 RM/USD 4.3450 CPO RM2240.00 57.00 OIL US$47.93 0.18 GOLD US$1135.00 3.40 PP 9974/08/2013 (032820) PENINSULAR MALAYSIA RM1.60 (INCLUSIVE OF 6% GST) FRIDAY SEPTEMBER 25, 2015 ISSUE 2012/2015 FINANCIAL DAILY MAKE BETTER DECISIONS www.theedgemarkets.com Nazir calls for answers to Malaysia’s perceived junk status PA G E 2 EVERY FRIDAY! Get your FREE copy of The Edge Property pull-out inside. Read online @ theedgeproperty.com SEPTEMB FRIDAY ISSUE 2012/2015 ER 25, 2015 T EVERY FRIDAY WITH A PULLOU Read this PP 9974/08/20 copy onlin e @ theed gepro perty .com TTER MAKE BE D EC I S I O N S IMPORTED INFLATION 13 (032820) ME ep8 H O ALM ep7 D E e Millionair -Mah Sing Icon The Edge er picks ra Contest winn Mont’Kia Residence WS ep3 N E IDEAS Island chic AKERS his Coming into own BANDAARRA INR further K set to grow housing ry strong seen very ng has is expected l ngor shi in Sela years. More upside Ampang ship This town sion of the th over the the price grow when the LRT extencted to gain from e is also expe Jalil and Puchong. in the futur t pleted. It Line is com neighbours — Buki its of growth of puzthe piece is akin to Bukit Jalil, Kuala Selangor lly r, and Kinrara in ility, especia BANDAR ing Puchong, Selango it popular and affordab zle connect easy accessibility ment, have made Its the Lumpur. days of its develop Group), in the early Bhd (I&P yers. Bandar Group Sdn , started with Banamong homebu Peninsular Kinrara d up to Island & er of Bandargradually expande and master develop from (BK1) in 1991 25km away from Kinrara 1 9 (BK9). away ally located dar KinraraKinrara is strategic Cyberjaya, 30km and Bandar city centreBandar Sunway. Expressway Alam from Kuala Lumpur Shah the and 8km Damansara Putrajaya accessed through Lebuhraya Pantai ExNew It can be Expressway, way (MEX), Bukit Jalil (Kesas), (LDP), Maju Express g. landed Puchon Puchong (NPE) and Jalan Kinrara were mostly As the pressway in Bandar 1 and 2-storey houses. es were inge Early projects ded residenc including ng mid-ran -cost ones,and Merak homes consisti ion grew, non-lan medium populat working especially low to Apartment n troduced, Apartment, Sri Tanjung Sarkuna director Kenanga managing as a well-plannedIt Apartment.Frank Malaysia ional design.tial Bandar Kinrara Knight a convent describes albeit with uses within residenonal Subramaniam township, recreati shopho integrated of commercial such as schools, a comfortoffers a mixother amenities , making the area areas and places of worship ES ON EP4 CONTINU parks and to live. able place AI LENG BY TAN 4 HOME BUSINESS Home ownership only a price issue? MAY REAR ITS UGLY HEAD 6 HOME BUSINESS Hidden gems among second-liner stocks 8 HOME BUSINESS Poly Glass eyes overseas markets to off ffsett d domestic ti d drop 14 H O M E Family of murdered d DPP not willing to endorse release of body Low L Lo ow petrol petrol prices prices and and weak weak consumer consumer spending spending could co ld counter it. Ahmad Ahmad Naqib Naqib b Idris Id d has the story on Page 4. by u o y o t t h g u o r b s i y p o c l a t This digi No Malaysians involved in Mina stampede PA G E 2 FBM KLCI 1613.17 22.20 KLCI FUTURES 1606.50 10.50 STI 2845.74 22.73 RM/USD 4.3450 CPO RM2240.00 57.00 OIL US$47.93 0.18 GOLD US$1135.00 3.40 PP 9974/08/2013 (032820) PENINSULAR MALAYSIA RM1.60 (INCLUSIVE OF 6% GST) FRIDAY SEPTEMBER 25, 2015 ISSUE 2012/2015 FINANCIAL DAILY MAKE BETTER DECISIONS www.theedgemarkets.com Nazir calls for answers to Malaysia’s perceived junk status PA G E 2 EVERY FRIDAY! Get your FREE copy of The Edge Property pull-out inside. Read online @ theedgeproperty.com SEPTEMB FRIDAY ISSUE 2012/2015 ER 25, 2015 T EVERY FRIDAY WITH A PULLOU Read this PP 9974/08/20 copy onlin e @ theed gepro perty .com TTER MAKE BE D EC I S I O N S IMPORTED INFLATION 13 (032820) ME ep8 H O ALM ep7 D E e Millionair -Mah Sing Icon The Edge er picks ra Contest winn Mont’Kia Residence WS ep3 N E IDEAS Island chic AKERS his Coming into own BANDAARRA INR further K set to grow housing ry strong seen very ng has is expected l ngor shi in Sela years. More upside Ampang ship This town sion of the th over the the price grow when the LRT extencted to gain from e is also expe Jalil and Puchong. in the futur t pleted. It Line is com neighbours — Buki its of growth of puzthe piece is akin to Bukit Jalil, Kuala Selangor lly r, and Kinrara in ility, especia BANDAR ing Puchong, Selango it popular and affordab zle connect easy accessibility ment, have made Its the Lumpur. days of its develop Group), in the early Bhd (I&P yers. Bandar Group Sdn , started with Banamong homebu Peninsular Kinrara d up to Island & er of Bandargradually expande and master develop from (BK1) in 1991 25km away from Kinrara 1 9 (BK9). away ally located dar KinraraKinrara is strategic Cyberjaya, 30km and Bandar way city centreBandar Sunway. Alam Expresssara from Kuala Lumpur Shah 8km the and Daman Putrajaya accessed through Lebuhraya Pantai ExNew It can be Expressway, way (MEX), Bukit Jalil (Kesas), (LDP), Maju Express g. landed Puchon g Puchon (NPE) and Jalan Kinrara were mostly As the pressway in Bandar 1 and 2-storey houses. es were inge Early projects ded residenc including ng mid-ran -cost ones,and Merak homes consisti ion grew, non-lan medium populat working especially low to Apartment n troduced, Apartment, Sri Tanjung Sarkuna director Kenanga ng nned managi as a well-pla It Apartment.Frank Malaysia ional design.tial Bandar Kinrara Knight a convent describes albeit with uses within residenonal Subramaniam township, recreati shopho integrated of commercial such as schools, a comfortoffers a mixother amenities , making the area areas and places of worship ES ON EP4 CONTINU parks and to live. able place AI LENG BY TAN 4 HOME BUSINESS Home ownership only a price issue? MAY REAR ITS UGLY HEAD 6 HOME BUSINESS Hidden gems among second-liner stocks 8 HOME BUSINESS Poly Glass eyes overseas markets to offset domestic drop 14 H O M E Family of murdered DPP not willing to endorse release of body Low petrol prices and weak consumer spending could counter it. Ahmad Naqib Idris has the story on Page 4. No Malaysians involved in Mina stampede PA G E 2 2 FR I DAY SEP TEM B ER 2 5 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY For breaking news updates go to www.theedgemarkets.com ON EDGE T V www.theedgemarkets.com HBA: Raise stamp duty on 3rd house to 5% Stanley Thai: M’sia in for recession if ringgit continues slide The Edge Communications Sdn Bhd (266980-X) Level 3, Menara KLK, No 1 Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, Selangor, Malaysia Publisher and Group CEO Ho Kay Tat Editorial For News Tips/Press Releases Tel: 03-7721 8219 Fax: 03-7721 8038 Email: [email protected] Senior Managing Editor Azam Aris Executive Editors Kathy Fong, Jenny Ng, Siow Chen Ming, Surinder Jessy, Ooi Inn Leong Associate Editors R B Bhattacharjee, Joyce Goh, Jose Barrock, Vasantha Ganesan Editors Cindy Yeap, Kang Siew Li Assistant Editors Adeline Paul Raj, Tan Choe Choe Chief Copy Editor Halim Yaacob Senior Copy Editors Lam Seng Fatt, Melanie Proctor Copy Editor Evelyn Chan Art Director Sharon Khoh Design Team Cheryl Loh, Valerie Chin, Aaron Boudville, Aminullah Abdul Karim, Yong Yik Sheng, Tun Mohd Zafian Mohd Za’abah, Noorain Duasa Asst Manager-Editorial Services Madeline Tan Corporate Managing Director Au Foong Yee Deputy Managing Director Lim Shiew Yuin Advertising & Marketing To advertise contact GL: (03) 7721 8000 Fax: (03) 7721 8288 Chief Marketing Officer Sharon Teh (012) 313 9056 General Manager, Digital Media Kingston Low (012) 278 5540 Senior Sales Managers Geetha Perumal (016) 250 8640 Fong Lai Kuan (012) 386 2831 Peter Hoe (019) 221 5351 Gregory Thu (012) 376 0614 Head of Marketing Support & Ad Traffic Lorraine Chan (03) 7721 8001 Ad Traffic Asst Manager Roger Lee (03) 7721 8004 Email: [email protected] Operations To order copy Tel: 03-7721 8034 / 8033 Fax: 03-7721 8282 Email: [email protected] Nazir Razak expresses concern Over Malaysia’s junk status as perceived by CDS traders KUALA LUMPUR: Worried over Malaysia’s placing in the junk category by credit default swap (CDS) traders, prominent banker Datuk Seri Nazir Razak yesterday urged the authorities to answer ongoing financial controversies. Writing on his Instagram account, the CIMB Group Holding Bhd chairman and brother of Prime Minister Datuk Seri Najib Razak said: “This is worrying. The market is much more negative about Malaysia than the rating agencies, taking us into junk category, way below our fundamentals. “Suspect it’s due to so much negative coverage in WSJ (The Wall Street Journal), FT (Financial Times) and NYT (New York Times) — all ‘capital’ people read at least one if not all of them. “We have to change the current narrative about Malaysia with answers or legal suits; can’t just ignore them.” Nazir did not specify what Malaysia had to answer for, but the country has been in the international spotlight over controversies involving government-owned investment firm 1Malaysia Development Bhd (1MDB), which Najib oversees Nazir did not specify what Malaysia had to answer for, but the country has been in the international spotlight over controversies involving governmentowned investment firm 1MDB. Photo by Reuters as finance minister and chairman of the firm’s advisory board. Najib is also under scrutiny over a RM2.6 billion political donation from a Middle Eastern donor that went to his personal bank accounts. Bloomberg reported yesterday that two weeks after Brazil’s credit rating was lowered, CDS investors were punishing other emerging markets facing similar challenges. The report said Moody’s Corp rated Malaysia A3, although traders saw it six levels lower at Ba3. South Africa, which is a Baa2, is viewed as a B1 borrower. The report said most developing nations were confronting the same issues that saw Brazil losing its investment grade rating at Standard & Poor’s — a plunge in commodity prices, a slumping currency and political turmoil. The Bloomberg report also said that “political disputes are a key hindrance to investors’ perception of emerging-market creditworthiness”, and noted recent street protests calling for Najib’s resignation over alleged financial scandals. — The Malaysian Insider No Malaysians in Mina stampede, says deputy minister MAKKAH: No Malaysians were involved in the haj pilgrims stampede in Mina during the “stoning of the devil” ritual yesterday, said Deputy Minister in the Prime Minister’s Department Datuk Dr Asyraf Wajdi Dusuki. He said the scene of the stampede did not involve the route taken by the Malaysian pilgrims to perform the “stoning of the devil” ritual. “The schedule for the haj pil- grims ‘stoning of the devil’ ritual killed and 863 injured in the stamis fixed at after 5.30pm and 8pm pede within the zone of the Arab tonight (yesterday),” he said at a countries’ tents in Mina, he said. media conference here. Eight existing haj pilgrims checkpoints set up by Lembaga Tabung See related story on Page 26 Haji in Mina will be further upgraded to control and monitor pilgrims He said the distance between the in the country. scene of the stampede in Mina and More than three million pilgrims the zone of the Malaysian pilgrims’ from around the world, including tents was about 3km to 4km. over 22,000 Malaysians, are now According to the authorities in in the Holy Land to perform the Saudi Arabia, 717 pilgrims were haj. — Bernama IN BRIEF S&P threatens to downgrade Volkswagen over pollution scandal FRANKFURT: Standard & Poor’s threatened yesterday to downgrade Volkswagen’s (VW) credit rating over a worldwide pollution cheating scandal. A day after fellow rating agency Fitch placed VW’s credit on “rating watch negative”, S&P said it had similarly put VW’s long- and short-term corporate credit ratings on “CreditWatch with negative implications”. The decision “follows VW’s announcement that it will take a €6.5 billion (RM32.03 billion) charge to third-quarter results to cover the costs of a global recall of 11 million vehicles which show discrepancies between diesel test results and actual road use”, S&P said. The credit rating agency said it expected the carmaker to incur “substantial remediation costs to correct the engines of the cars affected and potentially face material fines from regulators. Criminal charges in the United States may also follow”. — AFP GE to get up to US$12b in export financing from Britain NEW YORK: General Electric Co (GE) said yesterday it reached an agreement with Britain’s export credit agency to access export financing of up to US$12 billion (RM52.68 billion), as the US conglomerate continues to spotlight the expiration of the US Export-Import Bank. In GE’s latest announcement, the company said the financing deal would support orders for oil and gas and other energy projects in Brazil, Ghana, India, Mozambique and other markets, and will create up to 1,000 jobs in Britain should GE win those bids. — Reuters China to let foreign investors participate in SOE reforms BEIJING: China will allow foreign investors to participate in reforms of state-owned enterprises (SOEs) in “an orderly manner”, the cabinet said yesterday, as part of broad efforts to shake up the inefficient sector. Foreign investment will be introduced into state-owned firms via restructurings and joint ventures, as well as overseas mergers and acquisitions, the State Council, or cabinet, said in new guidelines on SOE reforms. — Reuters BMW, Daimler deny manipulating emissions tests ‘US sends convicted woman back to China’ BERLIN: BMW said it had not manipulated emissions tests, denying a magazine report saying some of its diesel cars were found to exceed emissions standards. “There is no difference in the treatment of exhaust emissions whether they are on [test] rollers or on the road,” the German luxury carmaker said yesterday. German trade magazine Auto Bild said earlier yesterday that BMW’s X3 xDrive 20d model ex- BEIJING: A Chinese woman convicted and jailed in the United States for her part in a scheme to steal nearly US$485 million (RM2.13 billion) from a state-run Chinese bank was sent back to China yesterday, officials said. Beijing and Washington have no extradition treaty, but the return was the second in less than a week and comes as Chinese President Xi Jinping is on a state visit to the US. — AFP ceeded Euro 6 emissions limits more than 11-fold in road tests done by the International Council on Clean Transportation (ICCT). “No specific details of the test have yet been provided and therefore we cannot explain these results,” BMW said. “We will contact the ICCT and ask for clarification of the tests they carried out.” Meanwhile, German carmaker Daimler said it did not manipulate emissions data for diesel engines, after Volkswagen admitted to having deceived US regulators about how much its diesel cars pollute. See related stories on Page 16 & 24 A spokesman for Daimler said yesterday the maker of MercedesBenz cars did not use so-called defeat devices employed by Volkswagen and complied with rules on nitrogen oxide emissions around the world. — AFP F R I DAY S E P T E MB E R 25, 2015 • T HEED G E FINA NCIA L DA ILY 3 4 HOME BUSINESS FR I DAY SEP TEM B ER 2 5 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY Imported inflation may rear its ugly head Low petrol prices and weak consumer spending could counter it BY A H MA D NAQ I B IDR IS KUALA LUMPUR: The low fuel prices have helped contain the inflationary pressure exerted by the implementation of the goods and services tax. However, moving forward, the weak ringgit could be one that causes inflation to rear its ugly head. The latest economic data show that the country’s inflation, measured by the consumer price index (CPI), went up by 3.1% in August — it came in at the higher range of analysts’ expectations. The rate was indeed lower compared with 3.3% in July. The inflation was mainly driven by the rise in prices of liquor and tobacco products, coupled with more expensive healthcare services and higher restaurant and hotel charges. For the first eight months of 2015, the CPI rose 1.9% year-on-year, and was unchanged on a month-onmonth basis. The pace of 1.9% from January to August does not seem to point to any inflationary pressure. Nonetheless, some economists foresee the possibility of rising inflation given the more expensive imported goods; be they food, medicine, manufacturing inputs or auto parts, as a result of the sharp depreciation of the ringgit against other currencies, including the Thai baht and the Philippine peso, and not only the US dollar. While forecasting a lower fullyear inflation of 2.5% this year versus 3.2% in 2014, AllianceDBS Re- search acknowledged that the soft local currency could possibly result in imported inflation. “In light of the ringgit exchange rate trend (trading above RM4 per US dollar since early August) that could remain weak for a while before the various external and domestic macro uncertainties settle, the risk and impact of imported inflation are near-term concerns,” it said in a research note. AllianceDBS noted that the historic annual trends, for the period from 1980 to 2012, between the Malaysian import price index and the CPI have a high positive correlation of 0.97, which means overall price pressures move in tandem in the long run. The import price index’s below-trend of 0.2% growth for the year to July was due to the slump in global crude oil prices. Even after excluding the mineral fuel imports’ price pressure effect, it said the index was still marginally lower than the CPI trend, at 1.6%. “Given the complex exchange rate cost pass-through to the CPI, we expect imported inflation pressure to gradually catch up in the coming months. “Nevertheless, the overall subdued commodity prices and expected moderation in near-term private consumption could mitigate some inflationary pressures,” said AllianceDBS. The less robust consumer spending may put a cap on any price in- CPI y-o-y growth since Aug 2014 3.5 3.0 y-o-y growth (%) 3.3% 3.1% 2.5 2.0 1.5 1.0 0.5 0.0 Aug, 2014 Aug, 2015 creases on imported goods. Citi Research, however, concluded that the latest inflation data show imported inflation remains “manageable”; its impact has been limited by “lower commodity prices” and “low global inflation”. “Imported inflation was less evident in August versus July,” said Citi Research. According to it, only two of the categories that saw an inflation pickup in August had sizable import content, compared with five categories in July. Nonetheless, the research outfit noted Bank Negara Malaysia’s earlier estimate of a muted inflation pass-through from a stronger ringgit, with a 10% appreciation of the local currency reducing inflation by just 0.05% to 0.15%. But it might be a different pattern in the case of the weakening ringgit. “Policymakers have acknowledged that pass-through effects could be asymmetric and larger in times of ringgit depreciation versus appreciation. Moreover, passthrough effects may be non-linear, and could be larger in times of extreme ringgit depreciation,” it wrote in the research note. Hong Leong Investment Bank Bhd economist Sia Ket Ee told The Edge Financial Daily that CPI numbers were broadly within expectations, and said that inflation was contained by the cut in petrol pump prices. “The main determinant of this would be the domestic fuel prices, which were cut by 10 sen across all fuel types. The lower fuel prices will exert some downward pressure on inflation,” he said. Sia noted that fuel prices were further reduced in September which could result in lower y-o-y inflation for the month. “We view that global oil prices will remain low in the near term. In view of the low oil prices, we are lowering our 2015 inflation target to 2% from 2.5%, and expect the CPI to grow 2.6% in September,” he said. Asked if the weakened ringgit will pressure inflation upwards, Sia said the ringgit seems to be stabilising, which means imported inflation will not be as strong. “The lower fuel factor will probably offset the inflationary pressure from the weakened ringgit,” he said. Home ownership only a price issue? BY MEENA L A KSHANA KUALA LUMPUR: Housing affordability has been a thorny issue for the government, and the problem becomes even more prominent after the property boom in recent years. Khazanah Research Institute managing director Datuk Charon Mokhzani warned that Malaysians will not be able to afford properties if escalating housing prices are not contained. The former banking executive said that flooding the market with supply would in turn pull down prices so that people could afford to own property. Also, he believed that employing technologies such as three-dimensional building plans and using the industrialised building system would help to reduce costs, hence lowering selling prices. However, some quarters doubt that flooding the market with an ample supply is the way to resolve the housing affordability problem in the country as the consequence of a property market crash and its Charon says it is unsustainable for the government to grant subsidies and cheap housing loans. Photo by Patrick Goh chain effect could be a steeper price for Malaysians to pay. When contacted, an economist with an investment bank, said a supply glut in the property market could lead to a crippled financial system, citing the example of the US subprime loan crisis. “The danger in doing this is that, if we look at the financial crises that have occurred, a lot of these were caused by a collapse in the asset price market, including property prices,” he said. Speaking at a forum on “Does Greater Prosperity Come with Less Housing Affordability”, on Wednesday, Charon pointed out that housing prices in urbanised areas such as Kuala Lumpur and Penang are categorised as severely unaffordable and other less urbanised areas risk descending into this category if rising property prices are not curbed. Charon commented that it was unsustainable for the government to grant subsidies and cheap housing loans to the public and he stressed that the solution was to reduce housing prices. According to him, although median household incomes have risen slightly more than median house prices at 11.7% and 10.6% respectively, the median house price in KL and Penang is 5.2 to 5.5 times median annual household income, marking it as severely unaffordable. An affordable market is one where the median house price is three times median annual household income. The increase in median household income is barely 1.1% extra compared with the hike in median house prices. If the household income has grown at a faster pace, would that also help resolve the housing affordability issue? An economist acknowledged that the transformation of the economy from one that is geared towards lowskilled, low-wage to a high-skilled, high-wage economy is a long-term solution to address the issue of housing affordability. “From all the investments that we have seen so far, the type of investments Malaysia is attracting is moving in the right direction towards creating high-income jobs,” he said. “But whether it will be enough for the country to propel to a high-income nation status remains to be seen,” he added. The economist observed that the government has not shown a strong commitment to curtail the economy’s reliance on cheap labour and low value-added manufacturing to drive the economy. NEWS IN BRIEF RHBCap postpones rights issue to Nov 19 BY G H O C H E E Y UA N KUALA LUMPUR: RHB Capital Bhd (RHBCap) is delaying its RM2.5 billion rights issue by nearly two months as the banking group needs to consult the relevant regulators with regard to the central bank’s order to cap Aabar Investment PJS’ subscription to 15% instead of 21.9%, as per its shareholding entitlement. In its filing on Wednesday, the country’s fourth-largest banking group said the ex-date for the rights issue of 517.7 million new shares in RHBCap at an issue price of RM4.82 had been rescheduled to Nov 19 from Sept 29. The entitlement date for the rights issue had been extended from Oct 1 to Nov 23. The number of rights shares to be issued and the book closure date may also be revised at a later date, it added. The date for commencement of trading of the rights has been delayed to Nov 24 from Oct 2, while the date for acceptance and payment has been rescheduled to 5pm on Dec 8 from Oct 19, while the listing date is now Dec 21 instead of Oct 30. EcoWorld’s RM15b township faces land issues BY G H O C H E E Y UA N KUALA LUMPUR: The proposed RM15 billion township development in Kuala Selangor by Eco World Development Group Bhd (EcoWorld) may have run into some hiccups. The Selangor state government said it is in the midst of acquiring some of the same tracts EcoWorld is buying for the development. Menteri Besar Incorporated Selangor (MBI), in a statement on Wednesday, said the tracts, in particular those located in the planned township of Alam Mutiara, are now involved in ongoing legal proceedings in court. EcoWorld announced on Tuesday that its unit Paragon Pinnacle Sdn Bhd was acquiring 26 pieces of leasehold land in Kuala Selangor — collectively measuring about 2,198.4 acres (889.66ha) — from four different vendors for RM1.18 billion cash. When contacted, MBI chief operating officer Soffan Affendi Aminudin said they involved the 14 pieces of land that EcoWorld is acquiring from Mujur Zaman Sdn Bhd. The tracts carry a collective land size of 1,313.81 acres, about 60% of the total size of land parcels EcoWorld is acquiring. F R I DAY S E P T E MB E R 25, 2015 • T HEED G E FINA NCIA L DA ILY 5 6 HOME BUSINESS FR I DAY SEP TEM B ER 2 5 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY Hidden gems among second-liner stocks Analysts see CBIP and Dolphin bullish until at least next year BY GHO C H EE Y UAN KUALA LUMPUR: The continued weakness in crude palm oil (CPO) prices took its toll on most plantation companies’ earnings for the quarter ended June 30, 2015, with some swinging to a net loss. This raises concerns that planters may slash capital spending this year as they focus on preserving cash, a move that will impact palm oil mill equipment and parts makers — considered as second-liner stocks. However, analysts are bullish on these stocks, namely CB Industrial Product Holding Bhd (CBIP) and Dolphin International Bhd with their healthy order book position, which will last until at least the end of next year, adding that they offer future potential that is expected to fetch good returns once the plantation industry rebounds. They also noted that planters have so far showed no signs of scaling back their capital expenditure (capex). Kenanga Research analyst Voon Yee Ping is optimistic about CBIP’s mid-term outlook given its strong pace of order book replenishment, as well as an anticipated increase in fresh fruit bunch production in the coming years, which will boost sales for palm oil mill equipment and parts. “Planters have consistently been planting new trees in the last three or four years when the CPO price was high. As these trees mature, they need more mills to process these fruits,” she told The Edge Financial Daily. “In view of this, CBIP’s contract replenishment should remain decent, over the next two to three years,” Voon said, adding that this will provide good earnings visibility for the group going forward. AllianceDBS Research analyst Cheah King Yoong said CBIP’s current order book for palm oil engineering (POE) segment stood at RM550 million, which is likely to keep it busy until the end of 2016. He noted that CBIP has secured RM200 million worth of contracts for the POE segment thus far. “On this note, order book replenishment might exceed our assumption of RM400 million for the financial year ending Dec 31, 2015 (FY15),” he added. However, Cheah said the order book replenishment will also depend much on CPO prices going forward. “Planters would normally rein in capex [on future high-cost projects] if CPO prices remain weak for an extended period,” he said, CB Industrial Product Holding Bhd RM Vol (mil) 6 4.8 2.3 3.6 2.1 Dolphin International Bhd 50 0.85 40 0.80 RM0.79 30 1.9 2,4 1.7 1.5 0 Sept 19, 2014 0.75 20 RM1.80 1.2 Sen 0.90 Vol (mil) 60 Sept 23, 2015 adding that this could have impacted CBIP’s order book restoration. CPO prices slumped to RM1,806 per tonne on Aug 27, the lowest since 2009, from its peak of RM3,927 per tonne on Feb 14, 2011. Year to date, the CPO price has declined 12.15%. While RHB Research analyst Hoe Lee Leng doesn’t see plantation companies stop spending money on capex, the amount may be less. “Instead of having three mills this year, they may only get two. There may be some cutting [in capex] in the near term, but as long as CPO prices do not drop further then it should not be a problem,” she said, expecting CBIP’s order book replenishment to be flattish in the near term. Newly listed palm oil mill manufacturer Dolphin is another stock analysts believe will offer a value play opportunity. It has an outstanding order book of RM176 million that should last until FY16. In a note to clients on June 9, Kenanga Research said some 54 out of Dolphin’s current 114 customers (47%) were recurring ones. “With a mix of new and recurring revenue, we assume an annual order book replenishment of RM170 million,” the research firm said. “We further understand that Dolphin is also one of CBIP’s part suppliers,” it added. Kenanga Research also noted that CBIP is currently trading on FY15 price-earnings ratio (PER) of 11.6 times, while Dolphin’s forward FY15 PER is 4.2 times — both trading at a lower PER than its industry peers’ average of 15.2 times. It is also expecting CPO to trade at RM2,200 per tonne this year, gradually rising to RM2,400 per tonne in 2016. “We believe that the CPO price recovery is mainly due to demand recovery and lower supply,” Kenanga Research added. Affin Hwang Capital Research said in a note dated June 8 that 0.70 10 0.65 0 June 8, 2015 NEWS IN BRIEF Toyo Ink enters into US$35m consultancy agreement BY S A N G E E T H A A MA RT H A L IN G A M GEORGE TOWN: Toyo Ink Group Bhd (TIGB) (valuation: 1.40; fundamental: 0.40) has entered into a US$35 million (RM153.65 million) consultancy service agreement with Phu My Vinh Consulting Investment and Trading Service Company Ltd (PMV) for the former’s venture to secure a power generation project in Vietnam. The agreement facilitated PMV’s advice on research while supporting the negotiation on the build-operate-transfer (BOT), power purchase agreement (PPA) and land lease agreement (LLA) pertaining to the two 1,000mw coal-fired thermal power plants construction in the Song Hau Power Complex with the relevant authorities in Vietnam, according to a filing with Bursa Malaysia yesterday. “[Apart from advice and negotiation] PMV [is required to] prepare all requisite documentations for the purpose of negotiation and eventual procurement of the requisite approvals for the execution of the BOT contract, PPA and LLA between TIGB and the relevant authorities in Vietnam,” it said. TIGB’s shareholders granted the approval for the execution of the US$35 million consultancy service agreement on Tuesday. The total fee payable for the consultancy service of US$35 million, excluding any associated taxes such as value-added tax, was equivalent to 1% of the total development cost of the power plant project at US$3.5 billion, according to the filing. As of now, the ink manufacturer has already made a payment of RM160.2 million towards the power plant project in Vietnam. The consultancy fees would raise the amount invested to RM310 million before TIGB secures the power generation project in Vietnam. Sept 23, 2015 Dolphin intended to capitalise on the prospects offered by oil palm industries in Malaysia and Indonesia, which have 439 and 608 palm oil mills respectively. It also noted that Dolphin’s net gearing would be reduced to 0.03 times from 0.27 times after it fully utilised the gross proceeds raised from its initial public offering. CBIP (valuation: 1.8; fundamental: 3) saw its net profit drop 15.86% year-on-year to RM17.77 million for the second quarter ended June 30, 2015 (2QFY15), from RM21.12 million on higher taxation. Revenue for the quarter fell 7.07% to RM115.62 million from RM124.42 million a year ago due to lower project billing by the special-purpose vehicle segment. For the cumulative six months (1HFY15), the group’s net profit came in 9.7% lower at RM233.27 million compared with RM245.46 million a year ago. Revenue fell 4.97% to RM233.27 million from RM245.46 million in 1HFY14. Dolphin, meanwhile, posted a net loss of RM3.47 million on revenue of RM13.47 million in 2QFY15 due to listing expenses. For the cumulative six months, the company recorded a net loss of RM363,000, while revenue came in at RM24.09 million. Shares in CBIP closed at RM1.80 on Wednesday with a market capitalisation of RM949.35 million. Dolphin’s counter ended the day at 79 sen, giving it a market cap of RM175.38 million. The Edge Research’s fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations. Go to www. theedgemarkets.com for more details on a company’s financial dashboard. ManagePay to diversify into cybersecurity business BY G H O C H E E Y UA N KUALA LUMPUR: ManagePay Systems Bhd is acquiring a 29.5% stake in cybersecurity firm Trustgate Bhd for RM1.8 million cash to tap the online security business. In a filing with Bursa Malaysia on Wednesday, the electronic payment specialist said it had entered into a conditional share purchase agreement with Trustgate chief executive officer Lo Nyan Tjing to acquire 8.84 million shares (29.5%) in Trustgate. Lo holds a 33.33% stake in Trustgate. The remaining 66.67% is under Sigmaview Diversified Sdn Bhd. Trustgate owns 94.43% of MSC Trustgate, one of the only three licensed certificate authorities approved by the Malaysian Communications and Multime- dia Commission. MSC Trustgate has been providing cybersecurity products and services for over 10 years, and its clients include major financial institutions in Malaysia. ManagePay (fundamental: 1.30; valuation: 0) said the buy “will enable the group [to] leapfrog into the cybersecurity business supplying [such service] to financial institutions and payee organisations”. Aside from being an additional revenue source, ManagePay said the deal would let it tap a trusted and proven platform for securing Internet of things devices and infrastructure. The purchase, to be completed in the fourth quarter of 2015, will be funded through internal funds. It expects the acquisition to contribute positively in the future. Tropicana cancels RM444.3m land buy for RM3.7b mixed project in Johor BY S A N G E E T H A A MA RT H A L IN G A M GEORGE TOWN: Tropicana Corp Bhd’s special purpose vehicle (SPV) Tropicana Danga Senibong Sdn Bhd (TDSSB) has cancelled its acquisition of a 34.2ha leasehold land meant for a RM3.7 billion mixed-development in Johor Baru, Johor. In a filing with Bursa Malaysia on Wednesday, the group said TDSSB (formerly known as Renown Dynamics Sdn Bhd) had exercised its right to terminate the sale and purchase agreement (SPA) signed on Dec 23, 2013, as the conditions precedent were not fulfilled in accordance with the SPA’s provisions. However, Tropicana (funda- mental: 1; valuation: 1.5) did not specify which provisions had not been fulfilled. Recall that Johor-based developer Tebrau Teguh Bhd, in December 2013, proposed the establishment of a joint venture with Golddust United Sdn Bhd, a wholly-owned unit of Tropicana, to jointly develop the said land in Mukim Plentong, Johor Baru. The SPV, Renown Dynamics, would acquire the land, which is partially under water and needs to be reclaimed, for RM444.3 million from Tebrau Teguh, and then be developed. Tebrau Teguh would hold 30% in the SPV, while 70% would be taken up by Golddust United. F R I DAY S E P T E MB E R 25, 2015 • T HEED G E FINA NCIA L DA ILY 7 8 HOME BUSINESS FR I DAY SEP TEM B ER 2 5 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY Poly Glass eyes markets abroad to offset domestic drop It expects higher revenue from Australia and New Zealand markets BY SA NGEETHA AM ARTHALINGAM GEORGE TOWN: Poly Glass Fibre (M) Bhd, a Penang-based fibre glass wool maker, expects higher revenue from its Australia and New Zealand markets to help offset a potential drop in domestic sales as construction projects slow down. Its executive chairman and chief executive officer Fong Wern Sheng said the group is anticipating sales in the Malaysian market to slump 10% to 20% for the current financial year ending Feb 29, 2016 (FY16), dragged down by fewer jobs at local construction companies. The local market currently generates 40% of Poly Glass’ revenue. To mitigate the sales drop, the group aims to double its market share in Australia and New Zealand by FY17. Poly Glass currently holds less than 3% market share in the two markets, despite the greater demand for glass wool insulation products there than Asian markets. ‘The demand for glass wool insulation products is bigger in the Oceania, Australia and New Zealand markets than in Asia. As such, we aim to double our share in these markets from less than 3% now to 20% between three and five years,” Fong told The Edge Financial Daily in an interview. He said the challenges from stiff market competition and volatile currency rates in Malaysia and Asia can also be reduced through economies of scale in Australia and New Zealand. For FY15, Poly Glass posted a 6.9% decline in net profit to RM5.51 million from RM5.91 million a year ago, while revenue increased 8.2% to RM43.92 million from RM40.6 million in FY14. Of the total revenue, RM8.34 million or 19% came from the Oceania market, while Malaysia made up RM19.5 million or 44%. The Asian market including Indonesia contributed another RM15.3 million or 34.9%. Fong said to cope with the anticipated increase in demand, Poly Glass invested RM23 million in new machines to boost production, as well as expanded its warehousing space. ‘We aim to increase automation and produce more in a short time. Thus, we are also spending RM1.5 million to upgrade the machines for the downstream sector,” he said. Fong said Poly Glass’ plants are running at 60% capacity, producing about 20,000 tonnes of glass wool insulation products every year. ‘The total market for glass wool insulation products in Australia where it owns a 407.5ha plot of former plantation land. “It would be a new revenue stream (for the group) in the next few years. The area is suitable for a boutique hotel. We are still studying the eco concept,” he said. Poly Glass (fundamental: 1.25; valuation: 1.1) shares were untraded last Friday. The illiquid stock last closed down 1.3% at 38 sen on Sept 1, with a market capitalisation of RM60.79 million. As at Dec 2, 2013, Fong holds a direct 6.75% stake in Poly Glass and owns an indirect 15.2% stake Poly Glass’ plants like this one, run at 60% capacity. Altogether they produce about through Green Cluster Sdn Bhd. His father Fong Wah Kai, who is 20,000 tonnes of glass wool insulation products every year. executive director of Poly Glass, and New Zealand is estimated to “We are also working with the owns another direct 4.25% stake be about 80,000 tonnes per year. building sector to incorporate the and a 48.79% indirect stake through We aim to eventually supply 16,000 energy efficient code for industrial Equaplus Sdn Bhd. tonnes per year to the two countries, buidings as stated in the Uniform which would represent about 20% Building By-Laws which were gashare of the market there,” he said. zetted at the federal level. It has The Edge Research’s fundamental The group has also embarked not been gazetted at the state level. score reflects a company’s profitabilon a campaign aimed at educating “It would mean that builders ity and balance sheet strength, calcuthe public on the use of good qual- must abide by the minimum en- lated based on historical numbers. ity insulation products for safety ergy-saving ratings. This could be The valuation score determines if a reasons in its marketing strategy for roofing where insulation is re- stock is attractively valued or not, to increase sales. quired for buildings of a certain also based on historical numbers. He said consumers were in- size,” he said. A score of 3 suggests strong fundaclined to pick cheaper products On its property development mentals and attractive valuations. that come from China than local segment, Fong said it is exploring Go to www.theedgemarkets.com for ones which have better quality but the idea of developing an eco-tour- more details on a company’s finanpriced higher. ism hotel in Tanjung Malim, Perak, cial dashboard. LED catalyst to drive IQ Group’s earnings BY SU PRI YA SU RENDR AN GEORGE TOWN: IQ Group Holdings Bhd will be channelling much of its efforts in the next three years to cultivating the growth potential of its new product — the intelligent light-emitting diode (LED) lighting product that is used in the industrial sector. The Lumiqs brand of the product is expected to be the next growth catalyst for the Penang-based company’s future earnings, according to IQ Group managing director and chief executive officer Daniel Beasley. “There has been a real momentum in terms of Lumiqs sales within this short period of time since its launch in February. We believe it will be a major contributor to revenue within the next three years,” he told The Edge Financial Daily after the company’s annual general meeting on Wednesday. The new product combines the company’s competency in sensor technologies with intelligent communications applications and expertise in lighting. IQ Group manufactures sensor-controlled lighting products. “We have engaged a Singaporean company called Syspex Technologies Pte Ltd as our distributor to help us to market our product across Southeast Asia, and so far the response has been good, with anticipated sales orders from a large Singaporean company which requires a substantial quantity of units,” he said. With 99% of sales derived from exports, IQ Group has also established agents in New Zealand, Australia and Switzerland to market its products. “There is also interest from new markets which we have not tapped into before, such as South Africa, Kenya and Pakistan,” said Beasley. However, he said it is too soon to predict Lumiqs’ contribution to the group’s sales. Sensor-controlled lighting products remain as IQ Group’s main revenue driver for the current financial year ending March 31, 2016 (FY16). “Even as our new product kicks in, we will not neglect our original design manufacturer business which will be our main revenue contributor for FY16,” said Beasley. For its first financial quarter ended June 30, 2015 (1QFY16), IQ reported a net profit of RM6.43 million, which is 14% lower than its 1QFY15 net profit of RM7.47 million. Quarterly revenue also dropped almost 12% to RM50.03million, from RM56.74 million in the previous corresponding quarter. “Our 1QFY16 performance was mainly brought down by lower sales because of the type of business we are in. There will be orders from our customers based on activities and promotional projects that they may have. These, in turn, will have implications on our business. It all boils down to the timing of the orders,” said Beasley. However, he added that the weak ringgit will be a boost to the company’s financials, considering a large bulk of its products are for exports. “Forex, of course, will always have implications one way or another, as we do purchase some components in US dollars, but generally it will be more of a positive to us,” said Beasley. IQ Group’s main export markets are the United Kingdom (28%), continental Europe (28%), Japan (23%) and other Asia-Pacific countries, as well as the United States. Year to date, IQ Group’s share price gained 30.2% to close at RM2.07 on Wednesday, with a market capitalisation of RM182.13 million. Malaysia in talks with local, foreign firms on investments worth RM50b JOHOR BARU: Malaysia is in talks with several companies on investments totalling RM50 billion, the Malaysian Investment Development Authority (Mida) said on Wednesday. Its chief executive officer Datuk Azman Mahmud said the talks were expected to be concluded within the next few months. “We have a significant number of investments in the pipeline and we hope the talks can be completed soon,” he told reporters after a ground-breaking ceremony for the Taiwan-based Eternal Materials Co Ltd’s RM362 million factory at Tanjung Langsat industrial complex here on Wednesday. Johor Tourism, Trade and Consumer Affairs Committee chairman Datuk Tee Siew Kiong officiated at the ceremony. Azman said more foreign investments would be brought into Johor as it is close to Singapore. “It can be the new investment destination as it has four international ports,” he said. Azman said the opening of the new factory showed that foreign investors had confidence in the Malaysian economy. “Eternal Materials is a company known for its specialisation of chemicals, and we are trying to increase their investments into chemical plating. “This is important as one of Mida’s strategies is to strengthen the petrochemical industry in Pengerang, Johor,” he said. The 16.2ha manufacturing factory was expected to commence operation by end-2017, he said. “The new factory will add to the company’s existing [manufacturing] capacity of synthetic resins and unsaturated polyester resins to cater to a growing demand in Southeast Asia,” he said. The company’s products are mainly used in paints and coatings, construction chemicals, adhesives plus fibre and non-fibre reinforcement industries. — Bernama 9 F R I DAY S E P T E MB E R 25, 2015 • T HEED G E FINA NCIA L DA ILY Looking for diamonds in the rough? Our challenge at The Edge Research is to discover undervalued stocks and ykvgxgzkznk}nkgzlxusznkingƉ Would you like to join us on the quest? We are looking for bright young minds zupuotu{xxkykgxinzkgs Fresh graduates are most }kriuskzugvvr If you are interested, please send your resume to: The Manager Human Resource Department Qsgor!nxshokjmkius Fax : 603-7721 8008 [trynuxzroyzkjigtjojgzky}orrhktuzoƋkj 1 0 I N V E ST I N G I D E A S FR I DAY SEP TEM B ER 2 5 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY BROUGHT TO YOU BY www.theedgemarkets.com I N S I D E R A S I A’S S TO C K O F T H E D AY MIKRO MSC BHD (ALL FIGURES IN MYR MIL) MIKRO MSC BHD WE first featured Mikro (Fundamental: 3/3, Valuation: 2.1/3) on November 5, 2014 when its shares were priced at 25 sen. It has since risen 34% to 33.5 sen, despite weakness in the broader market. Mikro is a small, relatively unknown company listed on the ACE market with market capitalisation of just RM93 million. Furthermore, few would categorise its business as “exciting”. It develops and manufactures electrical distribution products such as overcurrent and earth fault relays, metering solutions and power factor regulators. These are small but key components of a building’s integrated electrical system. They monitor and prevent damage to electrical equipment by isolating and tripping a circuit breaker when electrical fault is detected. Nevertheless, Mikro has delivered steady earnings growth. Revenue grew from RM20.2 million to RM30.4 million MIKRO MSC BHD Note: This report is brought to you by Asia Analytica Sdn Bhd, a licensed investment adviser. Please exercise your own judgment or seek professional advice for your specific investment needs. We are not responsible for your investment decisions. Our shareholders, directors and employees may have positions in any of the stocks mentioned. from FYJune2010 to FY2014 while net profit expanded from RM3.7 million to RM5.6 million. In the latest FY2015, revenue was up 28.3% to RM39 million while net profit increased 47.9% to RM8.3 million. Notably, it has maintained high double-digit net margins, ranging from 14%21% in the past six years. Domestic sales accounted for some 72% of sales, with the balance from export, including to Vietnam, Iran, and India. The company has a debt-free balance sheet, save for marginal bank overdrafts in FY2013. As at end-June, the company had net cash of RM8.4 million — about 9% of its market capitalisation. Recently, Mikro proposed to acquire a 4,047m2 freehold industrial land in Klang, together with attached buildings, for RM11.7 million. The company intends to consolidate its entire operations under one roof. To recap, its products are used in numerous high-profile developments, including the KLIA 2 and Tropicana Medical Centre as well as the MRT stations in Singapore and Doha International Airport in Qatar. The stock trades at a trailing 12-month P/E of 11 times compared to growth of 47.9%. Dividends totaled 1.2 sen in FY2014, giving a net yield of 3.6%. Insider Asia will feature a new stock pick on every alternate day. sm . ng u yo .u t r a n p sto p Income Statement Turnover EBITDA Depreciation EBIT Associates Interest income Interest expense Extraordinary gain/(loss) Pre-tax profit Net profit - owners of company Balance sheet Fixed assets - PPE Biological assets Intangibles & goodwill Cash and equivalents Total current assets ST borrowings Total current liabilities Total assets Shareholders' fund Long term borrowings MIKRO MSC BHD RATIOS DPS ($) Net asset per share ($) ROE (%) Turnover growth (%) Net profit growth (%) Net margin (%) ROA (%) Current ratio (x) Gearing (%) Interest cover (x) FY12 FY13 FY14 FY2015Q4 30/6/2012 30/6/2013 30/6/2014 30/6/2015 25.8 7.7 1.4 6.4 0.1 0.0 6.4 4.8 28.1 7.5 1.6 5.9 0.1 0.1 5.9 4.6 30.4 8.5 1.9 6.6 0.1 0.1 6.6 5.6 10.6 3.1 0.5 2.6 0.0 0.0 2.6 1.9 4.9 5.9 2.8 19.0 3.6 26.2 25.7 - 4.7 6.7 5.4 20.8 0.3 3.7 28.5 27.9 - 4.6 8.3 3.9 23.4 4.5 31.8 31.4 - 5.2 9.6 8.4 28.8 5.3 38.3 37.2 - FY12 FY13 30/6/2012 30/6/2013 30/6/2014 0.02 0.14 19.11 9.69 41.51 18.62 18.64 5.35 189.65 0.02 0.16 17.25 8.68 (3.69) 16.50 16.92 5.61 114.79 0.01 0.17 18.83 8.26 20.59 18.38 18.51 5.19 120.01 L N O IS le b a FY14 ROLLING 12-MTH 0.01 0.13 24.89 28.30 47.88 21.18 24.48 5.40 187.12 E IN http://edgy.my B R O K E R S’ C A L L / T E C H N I C A L S 11 F R I DAY S E P T E MB E R 25, 2015 • T HEED G E FINA NCIA L DA I LY Persistent market volatility BY LEE CHENG HOOI U S equity markets fell on Wednesday as a slump in commodity prices reignited investor fears of slowing global growth. Softer economic data from China and Europe spilled over into the American markets and the S&P 500 Index fell 3.98 points to 1,938.76, while the Dow Jones Industrial Average declined 50.58 points to end at 16,279.89. In Malaysia, the FBM KLCI moved in a wider range of 52.12 points for the week with lower volumes of 1.6 billion to 1.99 billion shares traded. The index closed at 1,613.17 on Wednesday, down 22.2 points from the previous day as blue-chip stocks like Axiata Group Bhd, Genting Bhd, Hong Leong Financial Group Bhd, Kuala Lumpur Kepong Bhd, Public Bank Bhd and Sime Darby Bhd caused the index to tumble on heavy selling activities. The ringgit was much weaker against the US dollar at 4.3440 as Brent crude remained steady at US$47.60 (RM208.96) per barrel. The index rose on a rally from a 801.27 low (October 2008) to its 1,896.23 all-time high (July 2014), and this represented an extended Elliott Wave “flat” rebound in a “pseudo-bull” rise completed. The next few months’ index price movements after July 2014 comprised key swings of 1,837.28 (low), 1,879.62 (high), 1,766.22 (low), 1,858.09 (high), 1,671.82 (low), 1,810.21 (high), 1,706.18 (low), 1,831.41 (high), 1,774.3 (low), 1,867.53 (high), 1,685.03 (low), 1,744.19 (high), 1,503.68 (low) and 1,691.93 (high). The index’s daily signals have turned mixed, with its CCI, DMI and Stochastic indicators showing sell signals, but the MACD and Oscillator are positive for now. As such, the index’s weaker support levels are seen at the 1,503, 1,567 and 1,609 levels, while profit-taking in the resistance areas of 1,613, 1,661 and 1,691 will cap the index’s advances. The KLCI’s 18-day and 40-day simple moving averages (SMAs) depict an emerging downtrend for its shortterm daily chart. The index’s price bars are also below the 50-day and 200-day SMAs, and this depicts a softer phase for the medium- to longerterm moving averages. Due to the softer tone of the KLCI, we are recommending a chart “sell” on UMW Holdings Bhd (UMW). A check on the Bloomberg consensus reveals that 18 research houses cover the stock, with no “buy” call, 10 “hold” calls and eight “sell” calls. Maybank Investment Bank’s analyst has a “hold” call on UMW, with a sum-of-parts-based target price of RM7.80 as its first half of financial year 2015 (FY15) earnings of RM225 million were below expectations. The key disappointments in its second quarter of FY15 earnings were in the auto and oil and gas (O&G) divisions, where higher US dollar-denominated costs hit the auto division and underutilisation of its jack-up rigs affected the O&G division. UMW’s chart trends in the daily, weekly and monthly time frames are very firmly down. Its share price made an obvious plunge since its major weekly Wave-5 high of RM12.23 in August 2014. Since that RM12.23 high, UMW’s share price fell to its recent low of RM7.70 this month. As prices broke above its recent key critical support levels of RM9.72 and RM8.84, look to sell UMW on any rallies to its resistance areas as the * Jaks secures financing for US$1.87b Vietnam power plant Jaks Resources Bhd (Sept 23, RM1.09) Maintain buy with a revised target price (TP) of RM1.60 from RM1.20 previously: We are positive that Jaks, together with China Power Engineering Consulting Group Co Ltd (CPECC), has secured US$1.4 billion (RM6.15 billion) financing for the US$1.87 billion coal-fired power plant in Vietnam, which will be funded by 75% (US$1.4 billion) debt and 25% (US$470 million) equity. We believe there is now a higher likelihood to meet the project’s financial close deadline on Oct 31. CPECC, which is supposed to inject a total of US$7 million as security deposit, will deposit the third and final tranche of US$2 million this month. We understand that Jaks can now proceed with the relevant ap- provals required from the relevant authorities in respect of CPECC’s investment in the project. We are now more confident that Jaks’ construction division will drive its earnings growth, as the non-technical engineering, procurement and construction portion of the Vietnam project worth US$454.5 million is now quite likely to begin as scheduled in the fourth quarter of financial year 2015, and that the plant should be completed by 2020. We maintain our “buy” call with a TP of RM1.60, based on a lower discount of 20% to our realisable net asset value valuation of RM2. Unlocking value in the Vietnam project is the key rerating catalyst for Jaks. We make no changes to our earnings forecasts. — Affin Hwang Capital, Sept 23 Najib arrives in New York for UN Assembly Page 13 moving averages depict a very firm short- to medium-term downtrend for this stock. The daily, weekly and monthly indicators (like the CCI, DMI and Oscillator) have issued clear sell signals, and now depict firm indications of UMW’s eventual plunge to lower levels. It would attract firm selling activities at the resistance levels of RM7.77, RM8.84 and RM9.72. We expect UMW to witness weak buying in its support areas of RM6.74, RM7.02 and RM7.70. Its downside targets are located at RM5.85, RM4.55 and RM1.98. Lee Cheng Hooi is the regional chartist at Maybank Kim Eng. The views expressed in the article are the opinions of the writer and should not be construed as investment advice. Please exercise your own judgment or seek professional advice for your investment decisions. Technical report appears every Wednesday and Friday. 12 B R O K E R S’ C A L L FR I DAY SEP TEM B ER 2 5 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY EcoWorld to buy Puncak Alam land for RM1.18b Eco World Development Group Bhd (Sept 23, RM1.50) Maintain buy with an unchanged target price (TP) of RM1.70: Eco World Development Group Bhd (EcoWorld) has proposed to acquire 2,198.4 acres (889.66ha) of leasehold land in Puncak Alam for RM1.18 billion, implying RM12.30 per sq ft. The land bank has a potential gross development value (GDV) of RM15 billion, comprising an integrated township (Eco Gardens) and a business park (Eco Business Park V) which is accessible via the Kuala Lumpur-Kuala Selangor Expressway, Guthrie Corridor Expressway and North-South Expressway. The proposed acquisition is expected to be completed by the second quarter of calendar year 2016 (2QCY16). The price of the Puncak Alam land stands at 8% of its GDV, The land bank has a potential gross development value of RM15 billion. which is comparable to MKH Bhd’s 10% for the 550-acre Hillpark Shah Alam, which directly faces University Teknologi Mara. The first phase of Eco Gardens will feature landed homes priced from RM400,000 per unit, which is expected to receive overwhelming response judging by the strong sales performance for Hillpark Shah Alam. This project will also be EcoWorld’s signature township for the North Western Klang Valley corridor. Under the new business model, large township development will be undertaken by a special-pur- pose vehicle and EcoWorld will Eco World Development Group Bhd rope in up to three investors and retain a minimum of 30% stake FYE OCT (RM MIL) 2014A in the project. It will assume the Revenue 148 role of a development manager, Ebitda 15 enabling EcoWorld to earn a new Pre-tax profit 12 income stream while enjoying deNet profit 7 velopment profits. (pre ex) 7 Net profit Eco Gardens will be developed 2.8 under the new business model, EPS (sen) though plans are still at an early EPS pre ex (sen) 2.8 stage. Assuming a 15% net margin, EPS growth (%) (70) a development period of 25 years EPS growth pre ex (%) (70) and a conservative 30% stake in 2.8 Diluted EPS (sen) Eco Gardens, this will boost our (sen) 128.6 BV per share revalued net asset valuation esti52.9 mate (RNAV) for EcoWorld by 5%, PER (x) 52.9 PER pre ex (x) or nine sen per share. EcoWorld may only require P/CF (x) 192.6 a cash outlay of RM106 million, EV/Ebitda (x) 38.3 which is 70% debt financing, for P/BV (x) 1.2 the 30% stake. We maintain a buy 0.6 Net debt/Equity (x) call and a TP of RM1.70, based on 2.2 a 20% discount to the RNAV. — Al- ROAE (%) Source: Company, AllianceDBS, Bloomberg Finance LP liance DBS, Sept 23 AirAsia X Bhd FYE DEC (RM MIL) Revenue Ebit Pre-tax profit Net profit Core net profit Core EPS (sen) Core EPS growth (%) PER (x) 2013A 2014A 2015F 2016F 2,308.4 157.5 36.9 (87.3) (138.7) (10.5) (496.6) na 2,939.1 (141.1) (326.1) (541.4) (541.4) (22.8) (117.5) na 2,913.9 (23.4) (177.6) (208.0) (208.0) (5.0) 78.0 (3.6) 3,122.7 380.9 231.0 102.6 102.6 2.5 149.3 7.3 Source: Company, MIDFR just be the remedy to AAX’s woes. Taking a look at its mid- to longhaul low-cost carrier (LCC) peer in Europe, Norwegian Air Shuttle, which has been profitable for the most part, we find that 10 out of its 16 long-haul routes face no competition compared with AAX, which only has one longhaul unique route, the Kuala Lumpur-Gold Coast route. We believe that the beauty of running unique routes is the ability to act as a price maker, serve untapped demand and create a niche segment for itself while enjoying the prestige that comes with flying to exclusive destinations. That said, the key hurdle would be to identify unserved routes that have inherent demand. We believe that AAX’s key markets of Australia, North Asia and South Asia will continue to perform better after a capacity rationalisation exercise by its major competitor, which commenced in August this year. In addition, we believe that travel demand to Australia could be preferred compared with destinations such as the United States and Eu- 2016F 2017F 2,288 332 149 105 105 4.4 4.4 209 209 4.4 138.0 33.9 33.9 nm 17.4 1.1 0.7 3.3 4,172 463 280 196 196 8.3 8.3 88 88 8.3 146.3 18.1 18.1 nm 13.1 1.0 0.7 5.8 Unimech’s compressed margin expected to continue Unique routes could be remedy to AAX’s woes AirAsia X Bhd (Sept 23, RM0.22) Maintain buy with a higher target price (TP) of RM0.26 from RM0.22 previously: Yield push driven by capacity rationalisation is coming to fruition with average forward fares for fourth quarter of financial year 2015 (4QFY15) up 15% year-on-year with further upside possible, given the discount between Malaysia Airlines Bhd and AirAsia X (AAX) has increased to 40% from close to none previously. Load factors picked up from 2QFY15 lows back to above 80% in 4QFY15, enhanced by extensive marketing and tie-ups with travel agents and the peak travel season kicking in. Average aircraft utilisation is down to 15.7 hours per day compared with 16.3 hours in FY14, but is still healthy with at most one idle plane during off-peak seasons as AAX takes delivery of three new fleet in FY15 and its long-term wet lease contracts expire. The second half is to focus on breaking even operationally through top-line growth and keeping expenses in check despite the strengthening US dollar. Management noted that at present, only 15% of routes are unprofitable from up to 70% previously. AAX has thus far launched the Sapporo route and announced it will be flying to Hawaii soon. Management noted that it is looking very closely at another two new unique routes which they will announce in due course. While all new routes require upfront investments and a typical gestation period of one year to determine its profitability, unique routes could 2015F 1,383 144 48 34 34 1.4 1.4 (50) (50) 1.4 133.6 104.9 104.9 nm 38.5 1.1 0.6 1.9 rope. Looking into 2016, we believe that AAX’s natural hedges through the collection of fares in foreign currency which make up 70% of sales will help AAX buffer itself against a stronger US dollar/ringgit exchange rate, as 75% of its expenses such as jet fuel, maintenance, repairs and operations, aircraft leases and finance costs are quoted in US dollars. Our sensitivity analysis suggests that a 5% change in the US dollar/ ringgit exchange rate will increase expenses by only 1.1% as a result of the hedges. Since our last report, AAX’s share price has staged a slight rebound, rising 29% to hit our TP of RM0.22. Looking ahead, we expect 3QFY15 to continue to record a core net loss albeit at a smaller amount of RM40 million and from 4QFY15 to break even and eventually turn profitable in FY16. For now, we like the initiatives taken by management and we believe efforts to boost AAX’s resiliency are starting to show. — MIDF Research, Sept 23 Unimech Group Bhd (Sept 23, RM1.31) Maintain sell with an unchanged target price (TP) of RM1.15: Management remains “cautiously optimistic” about its outlook amid the various challenges posed by the slowing economy and weak currency. The sharp decline in crude oil price and the escalating margin pressure due to the weak ringgit versus the US dollar are near-term earnings risks. The share price declined 20.2% for the past one year. At this juncture, we do not see any rerating catalyst for the stock and therefore, we are maintaining our “sell” recommendation on Unimech, with an unchanged TP of RM1.15, based on TP earnings ratio of 10 times. Unimech’s earnings before interest and taxes margin narrowed by 3.3 percentage points year-on-year (y-o-y) in the first half of financial year 2015 (1HFY15). In a meeting with management recently, we understand that margin volatility is caused by a weaker ringgit, which makes the cost of unhedged raw materials to go up. Year to date, the ringgit has declined by more than 20% against the greenback. The procurement of raw materials is mostly transacted in US dollars or the yuan, also pegged to the US dollar, but management declined to share the percentage of cost that is exposed to foreign currencies. However, we understand that management is considering price hikes for its products to protect the margin, going forward. On a positive note, management reckons that higher prices would render the group uncompetitive, given that the currency pressure is being felt across the industry. Indonesia remains the group’s largest overseas revenue contributor. The economic slowdown in Indonesia saw PT Arita’s 1HFY15 net profit declining by 68.2% y-o-y in 1HFY15. Nonetheless, management has no intention to pare down Unimech’s 70% stake in the listed company. We agree that the long-term upside risk to growth in Indonesia outweighs the short-term slowdown. Moreover, the Indonesian government has in recent weeks announced measures to open up the economy and boost infrastructure spending. Domestically, management guided that capital expenditure (capex) will remain low for FY15 through FY17. Capex is projected to amount to RM10 million per annum, compared with RM26.9 million in FY14. This reflects the prevailing market conditions. With the capex cut back, we believe the group will be able to meet the internal dividend target of 30% of net profit per annum. In the past few financial years, the group has invested aggressively in warehousing capacity, principally to expand product range and optimise the delivery time. However, in FY13 and FY14, the growth in inventories had been tapering off. As a result, the working capital deficit has been narrowing and therefore, giving room to maintain the dividend payout. Our FY15 net profit estimate of RM16.9 million implies 12.9% growth y-o-y. This suggests earnings picking up in 2HFY15. We understand that there are several projects the group are bidding for. If it is successful, it will boost earnings ahead. However, we maintain our “sell” recommendation on the stock underpinned by the weak demand in the oil & gas (O&G), and plantation sectors. We believe the stock is fairly valued at unchanged TP of RM1.15 per share, based on 10 times calendar year 2016 diluted earnings per share of 11.5 sen. Two potential catalysts for the stock are capex upcycle resuming in the O&G and plantation sectors, as well as a recovery in exchange rate. — TA Securities, Sept 23 H O M E 13 F R I DAY S E P T E MB E R 25, 2015 • T HEED G E FINA NCIA L DA I LY ‘Khairuddin held for 28 days under Sosma’ After conducting investigation police will refer the matter to DPP for further action KUALA LUMPUR: Datuk Seri Khairuddin Abu Hassan, former vice-chairman of the Batu Kawan Umno division, is being held under detention for 28 days under the Security Offences (Special Measures) Act 2012 (Sosma), Deputy Inspector-General of Police (IGP) Datuk Seri Noor Rashid Ibrahim said yesterday. Khairuddin was rearrested on Wednesday by police outside the Jalan Duta court complex after he was released from remand under the Penal Code. He had been under remand from Saturday under Section 124C of the Penal Code for allegedly attempting to commit activity detrimental to parliamentary democracy. Khairuddin was first arrested at his home in Mont Kiara last Friday. Noor Rashid said the police, after conducting their investigation under Sosma, would refer the matter to the deputy public prosecutor (DPP) for further action. He spoke to reporters after the Hari Raya Aidiladha prayers and sacrificial slaughter of cows at Bukit Aman. Khairuddin reportedly attempted to seek the intervention of the United States in Malaysian affairs. IGP Tan Sri Khalid Abu Bakar said that Khairuddin’s attempt to apply international pressure on Malaysia over the 1Malaysia Development Bhd issue was tantamount to sabotaging the country. The Malaysian Insider reported that Khairuddin will challenge his detention, his lawyer Muhammad Rafique Rashid Ali said. The lawyer said he received this instruction yesterday after meeting Khairuddin who is being held at the Dang Wangi police headquarters until Oct 21. “We have specific instructions from Khairuddin, our client, to file for an order from court declaring his detention illegal,” Muhammad Rafique told reporters outside the police station. Lawyers said the preventive detention of Khairuddin was an abuse of the law. This was the reason members of parliament (MP), civil society groups and lawyers have been constantly speaking out against detention without trial, they added. Padang Serai MP N Surendran said that the detention of Khairuddin was an example of why the opposition had always been against any kind of detention without trial and the no bail provision, saying that it was open to abuse. Lawyers for Liberty executive director Eric Paulsen said that the group had always warned that the definition of “security offences” under Sosma was too broad and unclear. Equally vague was the Penal Code section on “activity detrimental to parliamentary democracy”, “sabotage” and other actions as offences. Paulsen also said that Sosma had been put in place for the purpose of maintaining public order and security, pursuant to Article 149 of the Federal Constitution, which allows its exemption from constitutional articles for the greater safety of the federation. “Article 149 envisages these measures to be temporary and operative against subversion and dangers to public order. “So by using Sosma against someone like Khairuddin who has merely lodged police reports overseas surely must be a grave abuse of this very draconian act,” he told The Malaysian Insider. Lawyer New Sin Yew said that Kharuddin’s arrest under Sosma was unlawful as it was within the law to lodge complaints with foreign law enforcement authorities. He added that as such, the government was going back on its promise not to use detention without trial laws to stifle political dissent. — Bernama/The Malaysian Insider Najib arrives in New York for UN Assembly NEW YORK: Prime Minister Datuk Seri Najib Razak arrived in New York on Wednesday on a working visit to attend the 70th session of the United Nations General Assembly. Najib and his wife Datin Seri Rosmah Mansor were greeted on arrival by, among others, Malaysian Foreign Minister Datuk Seri Anifah Aman, Malaysian Ambassador to the United States Datuk Dr Awang Adek Hussin and Malaysia’s Permanent Representative to the United Nations (UN) Datuk Ramlan Ibrahim. Najib is scheduled to participate in several high-level UN meetings before addressing the general assembly at the UN headquarters here on Oct 1. Malaysia is currently playing a significant role in the world body as a non-permanent member of the UN Security Council. Najib will also join world leaders at the UN Peacekeeping Summit to be presided by US President Barack Obama on Sept 28. The meeting is expected to reaffirm the political commitment and support of member states to UN peacekeeping. On the sidelines, Najib is expected to hold talks with several world leaders here. He is also scheduled to chair the 5th Global Science and Innovation Advisory Council meeting here. —Bernama Najib (left) arriving at the Mandarin Hotel in New York on Wednesday for a working visit to the 70th session of the UN General Assembly. On hand to welcome him was Anifah (right). Photo by Bernama Saifuddin tarnished Umno’s image, says Tengku Adnan BY D I YA N A I B RA H I M PUTRAJAYA: Former deputy minister Datuk Saifuddin Abdullah, who attended a meeting of opposition parties on Tuesday, has tarnished the image of Umno, of which he is a member, a leader of the ruling Malay party said. Umno secretary-general Datuk Seri Tengku Adnan Tengku Mansor said Saifuddin may have attended the meeting in his private capacity and not as a party member, but this still raised questions over his motives. “There is a perception spreading now, because he was a former deputy minister and an Umno member,” Tengku Adnan told reporters in Putrajaya yesterday. He said Saifuddin’s presence at the meeting, where new opposition pact Pakatan Harapan was unveiled, had created a negative perception. Saifuddin, known for his moderate stance in contrast to some other Umno leaders and for his collaboration with civil society groups, is chief executive officer of non-governmental organisation (NGO) Global Movement of Moderates. He attended the meeting in his capacity as head of the Youth Academy (Akedemi Belia). He has been issued a show-cause letter by Umno. Tengku Adnan, who is also federal territories minister and secretary-general of ruling coalition Barisan Nasional (BN), said the matter would be brought to the Umno disci- plinary board if Saifuddin failed to respond to the letter in 14 days. “If he doesn’t respond, I will submit a paper to the disciplinary board to call him in for questioning as well as to face action,” he said. However, he declined to comment on whether Saifuddin would be sacked from Umno. Tengku Adnan also said Umno members should abide by party ethics and that Saifuddin’s actions were akin to going behind the party’s back. He said if Saifuddin’s argument was that he had been present in his capacity as an NGO member, the same reasoning could be used to justify Umno leaders’ presence at the controversial “red shirt” rally last week. — The Malaysian Insider Meeting on haze postponed twice — due to haze KUCHING: A meeting between Malaysia and Indonesia on the haze has been postponed twice — and all because of the haze! The meeting between Minister of Natural Resources and Environment Datuk Seri Dr Wan Junaidi Tuanku Jaafar and Indonesian Minister of Environment and Forestry Dr Siti Nurbaya Bakar scheduled yesterday in Jakarta, Indonesia was postponed. The reason Wan Junaidi had to shelve his trip to Jakarta was due to the worsening haze in Indonesia. Their meeting, to discuss the contents and terms of a memorandum of understanding to combat the transboundary haze, was first scheduled for Sept 18. However, it was postponed because of the haze as well. A ministry statement said yesterday that a new date for the meeting had yet to be set. “The haze is getting worse and a state of emergency had been declared in a number of places in Indonesia. “Dr Siti Nurbaya is now actively involved in bringing the necessary aid to the people in these affected places,” it said. The MoU is to focus on the enforcement of laws, zero burning practice for parties in Indonesia, peat soil management, and a collaboration between the countries when haze-causing fires break out. This MoU between the two neighbours was agreed to during the 17th Meeting of the Sub-Regional Ministerial Steering Committee on Transboundary Haze Pollution in July. Meanwhile, in Johor, three places were reported to have unhealthy air quality as at 3pm yesterday. The Department of Environment website reported the Air Pollutant Index (API) in Pasir Gudang to be the highest at 133, followed by Larkin Lama (126) and Kota Tinggi (104). The API reading in Balok Baru, Pahang, was also unhealthy at 108 from a moderate air quality of 93 recorded yesterday morning. Meanwhile, the air quality in Samarahan, Sarawak, has improved to a moderate API of 93 from an unhealthy air quality of 108 recorded yesterday morning. Thirty-nine other places also recorded moderate air quality, including Indera Mahkota, Pahang (100); Sarikei, Sarawak (89); Kemaman, Terengganu (96); Banting, Selangor (86); Shah Alam, Selangor (87); Batu Muda, Kuala Lumpur (87); Putrajaya (86) and Malacca city (83). An API reading of 0 to 50 indicates good air quality; 51 to 100, moderate; 101 to 200, unhealthy; 201 to 300, very unhealthy and 300 and above, hazardous.—Bernama 14 G E N E R A L N E W S FR I DAY SEP TEM B ER 2 5 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY Family of Morais unwilling to endorse release of body Animal lovers dog Penang CM in Ipoh to protest against culling strays BY ISTA KYRA SHARMUGAM Remains of murdered DPP still in mortuary as endorsement letter not signed BY EL I ZA B ET H ZACHARIAH KUALA LUMPUR: The body of murdered deputy public prosecutor (DPP) Kevin Morais is still in the mortuary as his family members have refused to endorse the release of his remains, a close relative said yesterday. The relative, who spoke on condition of anonymity, said Morais’s immediate family members had refused to sign the endorsement letter to release the body. “They are not willing to sign the endorsement letter ... just leave it at that,” he told reporters at the Nirvana Memorial Centre in Sungai Besi here yesterday. “The family has yet to decide on Liow: MCA adamant that all mass rallies be stopped KUALA LUMPUR: MCA will seek a meeting with Prime Minister Datuk Seri Najib Razak to urge Najib to put a stop to street rallies as the party fears they will lead to violent confrontations. MCA president Datuk Seri Liow Tiong Lai, in condemning the recent street rallies, the Bersih 4 rally on Aug 29 and Himpunan Rakyat Bersatu on Sept 16, said street rallies threaten to tear apart the fabric of the nation. In a statement issued after chairing the party’s central committee emergency meeting at Wisma MCA here, he said: “MCA is adamant that all mass rallies must be stopped. “All this is not only putting a strain on our unity, but it also gives the nation a bad name internationally.” Referring to the Sept 16 rally, Liow, who is also transport minister, said it was obvious the rally participants intended to stoke fear and create racial tension. He noted that singling out the Chinese community and the clear animosity shown towards the community were unacceptable and could not be condoned. He said derogatory words against the Chinese community made by some of the demonstrators could not be excused. “The way forward is to return to the values of our founding fathers.” — Bernama when to claim the body, but it will be publicised.” He declined to comment further on the matter. It is not known whether the family has requested a second post-mortem or what their next move will be. Morais’s younger brother Richard, who was seen at the memorial centre, refused to speak to the media about the family’s plans. However, Bernama reported Deputy Inspector-General of Police Datuk Seri Noor Rashid Ibrahim as saying that the police need a little more time for a DNA test to be completed before releasing the body to the family. He said the body had been identified from the clothing, but “we have to adhere to procedures”, he told reporters after the Aidiladha sacrificial slaughter of animals and prayers at the Bukit Aman Mosque here. Noor Rashid was asked to comment on the delay by the Kuala Lumpur Hospital in releasing the body of Morais, deputy chief of the appellate and trial division of the Attorney-General’s Chambers, to the family. No relatives of Morais were at the hospital, but at the Nirvana Memorial Centre in Sungai Besi, Richard declined to talk to reporters. Reporters were also prevented from entering the special room where people pay their last respects to the deceased. They were asked to wait at the lobby. A Malaysian Insider report said that even friends of the late DPP were questioned by the centre’s security before they were allowed to enter the elevator. Since 10am yesterday morning, many relatives and friends had been arriving at the centre for the memorial service, which will continue until tomorrow. Richard and another sibling David arrived separately at 11.30am and 12 noon respectively. The body of Morais, 55, was found stuffed in a cement-filled oil drum in Persiaran Subang Mewah, Subang Jaya, near here last Wednesday. He was reportedly missing on Sept 4 while driving to his office in Putrajaya from his condominium in Menara Duta here. — The Malaysian Insider/Bernama Muslims nationwide celebrate Aidiladha in moderation KUALA LUMPUR: Muslims nationwide celebrated Aidiladha in moderation yesterday, undertaking the sacrificial slaughter of cows and goats as enjoined by Islam. Fine weather in the morning enabled Muslims to undertake the sacrificial slaughter at mosques, surau, villages and housing estates. Roads in the city were almost clear of traffic as many people returned to their villages or hometowns to celebrate the festival. At the National Mosque, about 10,000 worshippers, including foreign nationals, attended Aidiladha prayers and listened to a sermon delivered by grand imam Tan Sri Syaikh Ismail Muhammad. Syaikh Ismail said he hopes the relatives of the pilgrims who died in the crane collapse incident in Makkah on Sept 11 would be brave in facing the loss of their loved ones in the tragedy. — Bernama Seri Paduka Baginda Raja Permaisuri Agong Tuanku Hajah Haminah greeting children and presenting them with duit raya, following Aidiladha prayers at Masjid Zahir in Alor Setar yesterday. Photo by Bernama photo Police warns against Petaling Street demonstration KUALA LUMPUR: The police warned yesterday that action would be taken against anyone who intends to disrupt public order at Petaling Street tomorrow. Deputy Inspector-General of Police Datuk Seri Noor Rashid Ibrahim said action would also be taken against anyone who makes such a threat in public places or on social media. “If we feel that it (such a statement) is a threat to public order and can lead to a riot, the police will not hesitate to act,” he told reporters after the Aidiladha sacrificial slaughter of animals and prayers at the Bukit Aman Mosque here. He said the police are empowered under Sections 143 and 105 of the Penal Code to arrest anyone to prevent offences, including inciting people to riot. “I will also summon the organisers of such a rally to have their statements recorded,” he said. He advised the people against participating in the rally, saying they would have to face the law if they do. Noor Rashid was asked to comment on an announced plan by certain quarters to stage a rally in Petaling Street tomorrow to protest, among other things, against the presence of foreign traders, and the alleged sale of counterfeit and imitation goods there. — Bernama IPOH: There’s no escape from dog lovers for Penang Chief Minister Lim Guan Eng, as a group of animal welfare protesters turned up with placards at a DAP event Guan Eng was attending in Kampung Simee here yesterday. Some 40 protesters turned up, including prominent animal welfare activist and veterinarian Dr Ranjit Kaur, who is also the founder of Noah’s Ark Ipoh. The group gathered since 9.45am to protest against Guan Eng’s decision to cull stray dogs in Penang as a measure to curb a rabies outbreak in the state. DAP Canning assemblyman Wong Kah Woh was seen meeting with the group before Guan Eng’s arrival, asking them not to disrupt the launch of Wisma Impian, DAP Canning’s community centre in the area, and promised to arrange for a meeting with Guan Eng. When Guan Eng arrived at 10.30am, the protesters stayed behind a line formed by men clad in DAP shirts, who acted as a barrier to prevent the protesters from getting too close. The protesters, however, stood close behind the men and held up placards with words such as “stop killing, vaccination instead”, “please have mercy for strays, killing is not the solution” and “DAP Perak saves our strays”. Guan Eng, when speaking at the launch, said he did not mind the demonstrators as long as the protest was carried out in a peaceful manner. He later met with the group for a dialogue, and invited Ranjit and other veterinary experts from Ipoh to meet with Penang veterinary experts to discuss the best methods of dealing with the rabies outbreak. He also defended his move to sign off a recommendation by the Penang Department of Veterinary Services (DVS) to order the culling of stray dogs to prevent the rabies outbreak from worsening. “I am not an expert and the department’s veterinarians are on this issue. We welcome the experienced Perak vets to share their ideas in Penang,” he said. He also suggested that the group press the Perak government and the DVS to start rabies vaccinations in Perak before an outbreak occurs in the state. “At the moment in Penang, we have a shortage of vaccines even for house pets and therefore the vaccination method is not feasible to contain the outbreak from spreading south. “If there is an outbreak in Perak, I am sure the same recommendation to cull strays would be made to the menteri besar,” he said. — The Malaysian Insider 15 F R I DAY S E P T E MB E R 25, 2015 • T HEED G E FINA NCIA L DA ILY THANK YOU for all your support! PA R T O F T H E E D G E M E D I A G R O U P 16 C O M M E N T FR I DAY SEP TEM B ER 2 5 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY China’s new path to sustained growth Industrialisation, urbanisation, structural reforms to drive economy BY L I WEI C hina’s economic slowdown has raised some concerns in the past three years — especially given the recent volatility in global equity markets. Yet if one looks into the underlying fundamentals of China’s economic growth, a different picture emerges: After a brief and inevitable period of transition, China is poised to open a new era of sustained economic growth, one that will continue to fuel global prosperity. It is true that China’s economy is no longer growing at the almost 10% rate it sustained from 1979 to 2012. Yet even China’s current growth rate of 7% is more than twice the global average. Moreover, after three decades of breakneck growth and its emergence as the world’s second- biggest economy, with a gross domestic product of US$10 trillion (RM43.9 trillion), China is not the “catch-up” economy it used to be. In many respects, it has caught up. As a result, it must change gears from high-speed growth featuring quantitative expansion to mediumto high-speed growth that features qualitative improvement. The good news is that this process is under way. Even while maintaining rel- atively fast growth, the Chinese economy is making strides in a process of structural adjustment. For example, consumption now contributes as much as 60% to economic growth, almost 10 percentage points higher than in 2014. Led by sectors such as information services and e-commerce, China’s service industries now account for a larger share in the economy: In 2014, their contribution outpaced that of China’s manufacturing industries by 5.4 percentage points. China is also pushing forward pilot projects that seek to blend public-private ownership, opening sectors such as energy and railways to more private investment. Moreover, it is important to remember that this new path for the Chinese economy opens up growth potential in other areas. For starters, given that China’s economy is much bigger than during its first catch-up phase, a lower growth rate actually generates much greater economic output. In that regard, Chinese consumers represent a huge growth opportunity. According to the National Bureau of Statistics of China, from 2010 to 2013, the average disposable income of the top 40% of earners rose more than 50%, from US$4,753 to US$7,170. The rise of China’s middle class will spur not only overall demand, but also demand for new, high-end products. As China moves ahead with industrialisation and urbanisation, it will introduce a number of major projects in urban and rural infrastructure, intercity rail and highways, river transportation, energy conservation, environmental protection and ecological building. These projects will not only stimulate greater investment demand, but also provide more and better public goods and expand the consumer market. Of course, businesses are the main players in China’s market economy and investment. As total consumer demand grows and consumers move upmarket in their needs and tastes, businesses will have to increase investment in response. At the same time, as market reform deepens in China, competition between businesses will intensify, further increasing pressure to invest in new technologies. There is much room for improvement on that front. In 2013, China’s per capita industrial value-added was just one-third that of the United States. A majority of Chinese industries are still in the middle to low end of the global value chain. Yet this gap also points to the growth potential of Chinese industries. Generally speaking, China has the world’s most comprehensive industrial system and industrial supporting capacity. New government strategies will Filepic of employees working in Alibaba.com Ltd headquarters in Hangzhou. Alibaba is among China’s most innovative companies and the republic is home to enterprises and individuals, accounting for one-third of global total. Photo by Bloomberg accelerate the upgrading of traditional industries, and expand the space for emerging industries, including information technology, high-end equipment, new materials and biomedicine. China recognises that its market reforms must be comprehensive, which is why the government is moving to streamline administration, delegate power, and encourage entrepreneurship and innovation. Already the second-largest spender on research and development, China is home to enterprises and individuals who were granted 825,000 patents in 2013, accounting for one-third of the global total. Some of China’s most innovative companies — names such as Huawei, Lenovo, Alibaba and Tencent — need no introduction. These structural reforms and the transition to a new path of sustainable economic growth will not only benefit China’s 1.35 billion citizens, but also contribute to a global economic recovery. After all, in 2014, China was the largest trading nation and generated more than a quarter of global economic growth. The success of these reforms will also strengthen economic ties with the US, for whom China is already the second-largest trading partner and third-largest export market. The U S is also now the third-largest destination for China’s outbound direct investment. Our two nations have their own comparative advantages. There will be increasing demand from China for high-quality services and high-tech products, and China’s outbound investment will be more active. Indeed, especially in trade and services and two-way investment, the possibilities for strengthening cooperation between China and the US are almost limitless. — Bloomberg View Li Wei is president and senior fellow of the Development Research Center of the State Council, the People’s Republic of China. Climate politics and the Volkswagen scandal BY C L I VE CROOK THE Volkswagen scandal is an embarrassment of riches. Seen in isolation, it’s staggering enough — that a huge and well-respected company with a valuable reputation to protect should cheat its customers on this scale, be found out, see its value shed US$22 billion (RM96.6 billion), and face enormous fines and damages. But there are several scandals here, and the remarkable malfeasance of VW’s managers is only one of them. The full dimensions of a second scandal aren’t yet clear — how far German and other European regulators were incompetent, or actually complicit, in allowing this to happen; and, relatedly, whether other companies have been doing what VW was doing. Much more remains to be learned about this. What did Europe’s regulators know and when did they know it? Attention has centred on VW’s use of a “defeat device,” as though that’s the crime. In fact, regulators know that engine management systems need to be switched to a different mode when cars are being tested: That’s necessary to get accurate results. (Anti-skid systems, among others, must be disabled when the testing equipment has the drive wheels turning and the others stationary.) The issue is not the deployment of defeat devices, but the settings they switch to when activated. Regulators presumably understand that some supervision of those test-mode settings is necessary. What form did this take? Was it so lax that it constituted a tacit invitation to cheat? And if it did invite cheating, how did other companies respond to the invitation? The answers to these questions will be interesting. VW’s prospects for recovery turn on them: Was it an outlaw by the standards of its industry, or just one cheat among many while regulators looked away? A third scandal, even more costly than the first two, also needs to be noticed and examined. It concerns the economic and environmental policies that first set European car manufacturers and consumers on course to this pile-up. Remember that “clean diesel” was a government-led initiative, brought to you courtesy of Europe’s taxpayers. And, by the way, the policy had proved a massively expensive failure on its own terms even before the VW scandal broke. It’s this scandal that teaches the most important lessons. Beginning in the mid-1990s, mindful of their commitments to cut carbon emissions, Europe’s governments embarked on a prolonged drive to convert their car fleet from gasoline to diesel. With generous use of tax preferences, they succeeded. In the European Union as a whole, diesel vehicles now account for more than half of the market. In France, the first country to cross that threshold, diesel now accounts for roughly 80% of motor-fuel consumption. What was the reasoning? Diesel contains more carbon than gasoline, but diesel engines burn less fuel: Net, switching to diesel ought to give you lower emissions of greenhouse gases. However, there’s a penalty in higher emissions of other pollutants, including particulates and nitrogen oxides, or NOx. Curbing those emissions requires expensive modifications to cars’ exhaust systems. To facilitate the switch, Europe made its emission standards for these other pollutants less stringent for diesel engines than for gasoline engines. The priority, after all, was to cut greenhouse gases. Except that the switch to diesel probably didn’t cut greenhouse gases. Making diesel cheaper by taxing it at a preferential rate encouraged people to drive more. And emissions of greenhouse gases higher up the fuel-supply chain are worse for diesel than for gasoline. (Increasing demand for diesel drew in more supplies from Russia; producing and moving those supplies caused more emissions.) Treating diesel to lower its sulphur content adds yet another carbon penalty. At best, the clean-diesel strategy lowered carbon emissions much less than hoped, and at ridiculous cost; at worst, as one study concludes, the policy added to global warming. Europe’s carmakers, flying the banner of environmental virtue, committed themselves to the strategy — and none more so than VW, which even attempted to bring it to the US. That, one might conclude, was its biggest mistake: US regulators aren’t so understanding, and its government hasn’t bet the industry on diesel. Europe, meanwhile, has an economically and environmentally misaligned car industry; a reputational crisis of unsurpassed scale centred on its biggest manufacturer; a NOx-induced public-health emergency in many of its cities; and quite possibly less than nothing to show for the effort when it comes to climate change. VW may have perpetrated one of the biggest frauds in corporate history. Europe’s clean-diesel strategy, which set the scene for that fraud, may be the most expensive mistake in the history of environmental policy. As I say, an embarrassment of riches. — Bloomberg View Clive Crook is a Bloomberg View columnist. 17 F R I DAY S E P T E MB E R 25, 2015 • T HEED G E FINA NCIA L DA ILY ORGANISER GOLD SPONSORS POWERED BY SILVER SPONSOR E* NEW DAT BRONZE SPONSOR OFFICIAL TV & RADIO OFFICIAL DRINK * The Race was postponed as the of¿cial API (Air Pollutant Index) by the Department of Environment (Ministry of Natural Resources and Environment) at 9.00am, 8 September 2015, was 114 points. 27.10.2015 TUES TU ESDA DAY Y, SEP EPTE TEMB MBER ER 2 3 Corporate Malaysia runs for education REGISTER TODAY! VISIT WWW.KLRATRACE.COM FOR MORE INFORMATION 18 F E AT U R E FR I DAY SEP TEM B ER 2 5 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY What’s the message, Yellen? With the delay in rate hike, Fed chair under growing pressure to clarify where US central bank is heading BY JON AT HA N SP ICER & HOWA RD SC H NEIDER A s the US Federal Reserve’s (Fd) chief communicator, chair Janet Yellen is under building pressure among her colleagues and global investors to clarify where the world’s biggest central bank is heading and how it is making its decisions. The calls have come from both her policy opponents like St Louis Fed president James Bullard and more centrist sympathisers like Atlanta Fed president Dennis Lockhart, as well as market analysts and investors who say they have been confused about the Fed’s direction. It is perhaps her biggest test yet as she tries to guide a committee currently divided between those who feel the US economy has healed enough for a rate hike, and those who feel a weak global economy could undermine the country’s growth and recovery. Aside from last week’s press conference, Yellen has been largely absent from the public stage in recent weeks — focusing attention on a speech scheduled for yesterday that could give insight into her place in that debate. In the interim, analysts and investors insist the Fed has let seeming contradictions take hold — saying Yellen at a news conference following the FOMC meeting in Washington last Thursday. The Fed cited risks from China and elsewhere and downward pressure on US inflation as reasons to hold off raising rates. Photo by Reuters that markets should not influence monetary policy, but then reacting to markets; declaring policy is data dependent and then saying that a 5.1% unemployment rate still needs to fall further. “This will be a test and maybe the largest one she’s faced yet,” after an initial period of relative harmony at the US central bank, said David Stockton, the Fed’s former research director. The stakes are global. A mistimed move by the Fed could see the US raising rates as the world economy slows, triggering a further global slowdown as investors readjust to the Fed’s move and perhaps pull capital from emerging markets. While careful not to personally criticise Yellen, who in 18 months as chair has put a premium on consensus and soliciting a wide set of views about the economy, there appears broad agreement that the Fed in recent months has added to the market instability that last week prompted a delay to a rate hike. “I don’t think we are stuck in an adverse loop with markets,” Lockhart said on Monday. But “uncertainty about the [Federal Open Market Committee’s (FOMC)] policy intentions probably added to the overall environment of uncertainty that precipitated the volatility in mid-August ... I am in the camp that would like to see the committee continue to refine its communications approach, particularly in this period.” Though the Fed says it is data dependent, it is not clear that each member views the same data with the same priority, or puts the same weight on the Fed’s twin employment and inflation goals. That could be fixed, Lockhart said, if the central bank developed a consensus “reaction function” to outline the conditions or triggers for a rate hike. Bullard went a step further in an unusual televised appeal on Monday asking former US treasury secretary Lawrence Summers and others to effectively stop making public arguments against a rate hike, and muddling the Fed’s discourse. The confusion, coupled with Yellen’s cautious tone at a press conference last week, has left investors discounting a rate hike until next year — despite Fed forecasts that show 13 of the Fed’s 17 policymakers expect to raise rates this year. Yellen, scheduled to speak yesterday in Amherst, Massachusetts, may need to reclaim the message. “I would think she will try to clarify things, one way or the other, because I cannot possibly think they are unaware of the problem that they have,” said Roberto Perli, a former Fed official who is now partner at Cornerstone Macro. Last Thursday, the Fed cited risks from China and elsewhere, and downward pressure on US inflation from a strong dollar and weak commodities as reasons to hold off raising rates for the first time in nearly a decade. While the decision had near-unanimous backing, a handful of hawkish policymakers like Bullard did not have a formal vote on the FOMC, and comments over the weekend suggested a close call. Underscoring the sometimes fractious structure of the US central bank, seven of the 13 officials who recommend a tightening this year only want one rate hike, while six want two or more hikes, according to the forecasts. — Reuters Weary Greece gives Syriza another chance BY MEGA N MCA RDLE IN my trip through the central Athens polling stations on Sunday, I met only one voter who seemed cheerful. Alkaios Klaoudatos is a supporter of Syriza, the leftist government that has held power since January, and he was confident that his party was going to win the election. In fairness, virtually everyone I’ve talked to since the Friday polls were released has said Syriza was going to win a plurality. But Klaoudatos, a lawyer, believed his party was going to take enough votes to form a government with its previous coalition partner Independent Greeks, or Anel, rather than seeking to share power with a larger partner such as Pasok, the old left-wing party that was pushed aside by Syriza. At 4pm on Sunday afternoon, that seemed a little crazy. Anel is a small right-wing party that none of the other parties is keen to form a coalition with. In order to make it work, Syriza would need a more sizeable majority than the polls seemed to project. By Sunday evening, as the results poured in, it started to look prescient. By 8.40pm local time, Vangelis Meimarakis, the head of the centre-right New Democracy party had conceded, and Alexis Tsipras, the head of Syriza, had announced his intention of forming a government that night. The results, in fact, look strikingly similar to the election that brought Syriza to power, on the back of promises to take a harder line against the country’s creditors and their stringent demands for austerity and reform. Golden Dawn, the far-right anti-immigration party, picked up a seat or two, led by gains in the islands that have been hardest hit by the refugee crisis. The Syriza-Anel coalition had their vote percentage shaved a bit. Nonetheless, it’s pretty close, especially considering that in the intervening months, Alexis Tsipras led Greece into a showdown with Greece’s creditors — a showdown that ended not with a rousing victory for the radical left against the heartless forces of capitalism, but with capitulation to the creditor’s demands, a banking crisis that is still pinching Greeks with capital controls, and a bailout deal that is worse than the one on offer before Syriza started playing hardball. turn out to vote. “They are new, they are clean” said Maritza Pantelakis, a French-Greek citizen who lives in France, but had come to Athens to vote for Syriza. “They made errors, but they fight.” “We may not have won the battle, but we will win the war,” Klaoudatos told me. In fact, Tsipras seems to be in a somewhat better position than he was before he called this election, even though his percentage of the vote looks as if it fell slightly. With the left-wing hardliners gone from the party, Tsipras will probably find it easier to tackle the difficult task of implementing the agreement. In less than a year, Greece has gone from electing an anti-bailout firebrand to re-electing a pro-bailout incumbent. “It makes no sense, does it?” Stavros Messinis, a local entrepreneur said. “Welcome to Greece,” said my translator. That said, this isn’t exactly a resounding endorsement for Syriza. The general sentiment among all the voters I spoke to — Klaoudatos excepted — was that they were not so much choosing a government as Not out to punish Tsipras choosing the folks who would imBut, apparently, Greek voters didn’t plement decisions made outside of want to punish him for it — or at Greece. And that wasn’t exactly a least, not the ones who bothered to thought that inspires fierce passion. “We are only management,” I was told by a Golden Dawn supporter in central Athens. “It is the people who gave us money who will decide what happens.” A supporter of Potami, the technocratic centrist party, said he was finally hopeful that things would get better after the election — not because he liked Syriza, but because the latest bailout agreement is so strong that “it can’t be avoided”. governing effectively. Greece has an opportunity right now to push through tough reforms, get some debt relief, recapitalise the banking system, and start the country back toward growth. But a memorandum of understanding with the creditors is not going to do the job by itself. Parliament will have to pass difficult bills that will mean pain for large numbers of people, and then ensure that the ministries carry out that legislation effectively. They’ll be facing even tougher opponents than their troika of creditors (the European Commission, European Central Bank and International Monetary Fund): a well-entrenched clientelist system, and Greek voters angry about having pain piled upon pain. As he stood before his supporters to celebrate his victory on Sunday, Tsipras pledged to continue the fight that they started seven months ago. He is certainly going to have a fight on his hands. Tsipras negotiated the agreement, and now will have to implement it. The question is whether he has that much fight left in him. — Bloomberg View Tough choices ahead That doesn’t mean, however, that it will be easy, or that the outcome is certain. The failure of previous governments to put reforms in place or get the country back on the path to growth demonstrates just how difficult it is. Greece is out of money, and dependent on creditors who want to see strong measures that will offend politically sensitive groups. Syriza is ideologically opposed to structural reforms that involve firing public employees, which means relying more heavily on tax increases that may stunt recovery. And the last few months do not exactly inspire wild confidence in Tsipras’ political management skills. His campaigning is obviously very good. But campaign- Megan McArdle is a Bloomberg View ing is not at all the same thing as columnist. 19 F R I DAY S E P T E MB E R 25, 2015 • T HEED G E FINA NCIA L DA ILY HOME MY EXHIBITION + AWARDS CONCOURSE AREA GROUND FLOOR BANGSAR VILLAGE 2 KUALA LUMPUR ORGANISED BY IN ASSOCIATION WITH AWARDS PRESENTATION 3 OCTOBER 2015 (SATURDAY) EXHIBITION 3 OCTOBER - 18 OCTOBER 2015 PRIZE SPONSORS EVENT PARTNER VENUE SPONSOR 20 FO CU S FR I DAY SEP TEM B ER 2 5 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY FR I PHOTOS BY BLOOMBERG 04 01 ma rea ing aw sto inc new fee ual the if y Tig Wi is a frie pec Po dri The fac spo int The Porsche 911 Targa 4 GTS is a standout among champions inc an ic c gro low a Ja Lam tha the teg pu wit in t New model is a little more rounded, a little more polished than its predecessor BY H A NN A H EL L IOTT D id you know that “ t a r g a” m e a n s shield in Italian? It happens to be the name of a convertible Porsche created 50 years ago as a way to get around some potential US federal regulations against open-top cars in the 1960s. The original Porsche Targa featured a steel roll bar at its 02 centre, with a removable roof panel and a removable plastic window covering the rear. It was the car you bought if you were cool and a little different from the norm — something for thinkers and creative driving enthusiasts who wanted to imbibe the sun and the wind, unimpeded by convention. The quirky look of that Targa roof was different enough to separate it from the conventional 911s and other, more staid, roadsters. You could recognise it from blocks away. It formed a literal and symbolic shield from the mundane. The new one, a 2016 Porsche 911 Targa 4 GTS that I drove around New York for a week, is a little more rounded, a little more polished than its predecessor. But it goes far toward capturing that 70s-era élan, and it’s more powerful, with better tuning, than was the first contemporary iteration when it came out last year. Different from the norm If you choose to buy this car — and I’ll be jealous if you do — I suspect that the first thing attracting you to it is how the exterior looks. I don’t blame you. Let’s face it: In certain upscale suburban neighbourhoods or fancy vacation spots, Porsche 911s are so ubiquitous that they’ve begun to feel clichéd. That homogeneity equals b-o-r-i-n-g. Predictable. The worst part is that there is nothing boring about driving a 911 coupé or standard convertible. Nothing. So it’s a relief when you stumble upon a 911 Targa. Finally, something different! The retro glass roof, bi-xenon LED headlamps, 51cm matte black wheels, and twin dual-sport exhaust tailpipes look way more interesting than a runof-the-mill Carrera. For the first 03 V BY SO we nee time in a while, the exterior of a 911 (The sensation of suede on a steeraccurately communicates how not ing wheel is new to me, but I like normal the car is to drive. it. It felt cooler than shiny leather would have during the 32°C-plus The most fun to drive afternoons I spent tooling around At a starting price of US$132,800 deep Manhattan, though it didn’t (RM582,992), the 911 Targa is con- look as edgy.) siderably more expensive than a This model has an updated, base-level Carrera (US$89,000) or more powerful engine than last Cayman (US$52,600). The one I year’s, with a 3.8-litre, six-cylindrove cost even more: US$147,355, der, direct-injection system that including such options as Bose gets 430hp and makes it to 60mph surround sound, Sport Chrono (96.6kph) in four seconds. You can badging, and a soft, black interi- choose PDK paddle shifter transor that covered everything from mission on a seven-speed allthe steering wheel and the seats wheel-drive transmission, but I to the headliner and door panels. strongly suggest you opt for the du fer her han big ber edg wa sig Eur Re Ge pro ing chi gau fro wa 200 atio av a fe FO CU S 21 F R I DAY S E PT E MB E R 25, 2015 • T HEED G E FINA NCIA L DA ILY 04 06 05 08 07 manual. If there was ever a car that really blossoms under manual shifting on a curvy road somewhere far away from it all, this is it. I still don’t like the auto start/ stop function that automakers, including Porsche, use on their new models to conserve fuel; it feels especially jarring on a manual transmission, like you’ve killed the engine. You can disengage this if you don’t like it. Tight to a fault With the Targa, as in life, strength is also its weakness. I’ve often told friends that for the money, and especially with the manual version, Porsche 911s are the most fun to drive of any car on today’s market. They have some unquantifiable X factor that gives them personality, spontaneity, aggression, and real intuition on the road. Part of that has to do with the incredible balance between front and rear axles and the magnetic contact they maintain with the ground. The 911 Targa feels very low — somewhere lower than, say, a Jaguar F-Type but higher than a Lamborghini Huracan. It means that you sit totally enveloped in the machine as you drive, as integrated with its every flex, every punch, every flinch, as Mickey felt with Rocky. Working through traffic in the Targa becomes a diversion, rather than a chore. The other side of that coin is that when driving it on cobblestones or over a construction site, you feel every bump, not only because of that proximity to asphalt but because the suspension is pulled as tight as a violin string. The brakes, fittingly, are as responsive as those in the higher editions of the 911 Turbo models; the direct-injection engine sounds as eager for the track as ever. The balance of its rewarding contact with the road and its sometimes-jarring suspension is to be expected. Don’t buy this car hoping to sink back into some cushy room that seem more generous mobile settee as you drive. Buy a than those of other sports coupés Mercedes for that. of its size. The automatic fabric top recedes in about 20 seconds at the Spacious but intimate push of a button. I like the fact that Targa’s interior matches the show- you can also pop the glass “trunk” off way it drives. The one I tested to access rear ledge storage space came with that aforementioned without having to deploy the ensuede lining (I’m a fan, though tire ceiling. it will be polarising among your I also loved the fact that I didn’t friends), along with carmine-hued have to slouch in the seat to peer instrument dials, auto-dimming under the top of the windshield to mirrors, and a “back seat” that will see the colour change while waiting comfortably fit a medium-sized at stop lights. I’ve had to do that in Saint Laurent tote and not much most convertibles I test. Bentley, else. I resorted to telling friends I Jaguar and Lamborghini, I’m lookcouldn’t offer them rides because ing at you. I had a two-seater for the week. For The Targa isn’t as grand as those, all intents and purposes, it was true. to be sure. But if you want a convertThat said, the front cabin feels ible that is powerful and sculpted, intimate but spacious, thanks to with real character inside and out, the open top and leg- and head- this is the one for you. — Bloomberg 01. The 2016 Porsche 911 Targa 4 GTS starts at US$132,800. 05. The ragtop of the Targa drops in about 20 seconds. 02. The Targa has a 3.8-litre, sixcylinder aluminium engine. 06. The interior of the car is covered in suede. 03. The Targa can drop its top completely, or remove just the back glass shell, for easy storage entry. 07. The car comes with sport options such as the carminered centre dials. 04. The Targa cover is similar to the steel roll bars Porsche put in the original Targa cars 50 years ago. 08. The rear is small, but it’s useful for carrying totes and weekend bags. Vintage Rolex with anti-magnetic powers PHOTOS BY BLOOMBERG BY STEPHEN PULVIRENT erike her lus nd n’t ed, ast inhat ph can nsallut I the SOMETIMES Rolex does something weird, and that’s when you really need to pay attention. The first Milgauss was introduced in 1956 and was a very different watch from the one you see here. It had a lightning bolt-shaped hand, a textured black dial, and a big black bezel marked with numbers one through six around the edges. It might just be the strangest watch Rolex ever made. It was designed for scientists working at the European Organization for Nuclear Research physics research lab in Geneva and so had anti-magnetic properties for accurate timekeeping around heavy magnets and machinery. What we have here is the Milgauss reference 1019 produced from 1960 until 1988, when the watch was discontinued (until its 2007 revival). There are a few variations on this archetype, including a variant with a black dial and even a few different styles of markers on The original Milgauss, with a lightning bolt-shaped second hand, is a strange but awesome watch. the dial, but the important features are the same across the range. The case is a larger 38mm case, in the style of the 36mm case used for the Datejust and Day-Date. It doesn’t have the bevelled edges on the lugs, and the flat, smooth bezel gives the watch a distinct look. The hour and minute hands are wide and have slices of luminous paint in the middle, while the second hand is razor-thin with a bright red, arrow-shaped tip. The hour markers are stick-shaped with luminous The Milgauss sits somewhere between a sport watch and a dress watch. dots on the outer edges, except for the markers at three, six and nine o’clock, which are double-width with luminous fill in the middle. No other Rolex looks anything like the Milgauss. But what makes the watch truly special is the anti-magnetic protection. Underneath the usual screwdown case back is a secondary cover. This so-called “dust cover” is actually a Faraday Cage, protecting the movement from up to 1,000 gauss of magnetism (hence Mil- You have to remove both a screw-down case back and an anti-magnetic cover to get to the automatic movement. Gauss for the name). Magnetism can destroy a watch’s ability to keep accurate time by distorting the metal coil that beats out the seconds, exerting extra force on delicate components, and more. If you’re a scientist working with particle accelerators, a little protection is a must. Since 1970, when this was produced, magnets have proliferated in our daily lives. Everything from your computer, to your phone, to the bag you probably keep both in contains magnets of some kind. We’re no longer stuck using mechanical timekeepers for critical tasks these days, but you’d still like your watch to be mostly accurate. The watch industry at large has invested heavily in developing ways to use such materials as silicium and non-ferrous metals in watches to eliminate altogether the dangers presented by magnets. This Rolex Milgauss is available from HQ Milton and is priced at US$19,800 (RM86,922). — Bloomberg 22 W O R L D B U S I N E S S FR I DAY SEP TEM B ER 2 5 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY China exports record volume of diesel on domestic overcapacity HONG KONG: Add diesel to the commodities flooding global markets from China. The nation exported a record volume of the fuel last month, after already shipping unprecedented amounts of steel and aluminium overseas. The weakest economic growth since 1990 is sapping do- Aussie vitamin maker bought by Guangzhoubased Biostime BY QU ENTI N W EBB HONG KONG: Move over iron ore, it’s Wild Neptune Krill Oil’s turn in Australia’s export limelight. The A$1.67 billion (RM5.13 billion) sale of Swisse, maker of the antioxidant and other health supplements, caps a stunning run for the country’s well-being business. Even as the far bigger mining industry reels, the deal underscores how demand from the Middle Kingdom can transform a sector’s fortunes for the better. There was one way to quadruple your money in stocks Down Under this year: bet on China’s growing taste for clean living. Bellamy’s, a purveyor of organic baby foods, and Blackmores, a direct rival to privately-held Swisse, are the country’s best-performing shares, up 360% and 275% respectively. Another vitamin firm, Vitaco, is up 21% after its initial public offering last week. That’s because mainland consumers are rapidly developing a taste for vitamins and fancier products like Swisse’s Ultiboost Liver Detox, just the remedy in the morning after a night on baijiu. Australia’s excellent reputation for food safety — and a weak currency — boosts its products’ allure to Chinese buyers. Now, Biostime, a Guangzhou-based infant formula firm, is paying A$1.39 billion for 83% of Swisse. That’s bold, given the buyer’s own market value is just US$1.1 billion or so, and its share price has tumbled 75% in the last two years. Still, investors perked up — Biostime’s share price leapt 27%. An enterprise value of A$1.67 billion worked out at 14.8 times earnings before interest, taxes, depreciation and amortisation (Ebitda) in the year to June, or 5.3 times sales. That sounds rich. Still, Blackmores trades at 4.5 times trailing sales and 27 times Ebitda, according to Starmine. And Goldman Sachs analysts expect its Ebitda to grow 18.5% a year through mid-2018. If Swisse can follow a similar growth trajectory, helped by brand ambassador Nicole Kidman, this could prove a healthy deal for Biostime and for Australian exports. — Reuters mestic demand for commodities, while refineries, mills and smelters grapple with excess capacity after years of expansion. “A lot of it has to do with slowing demand at a time when companies had plans for a much better demand environment, so capacities had been increased,” said Ivan Szpakowski, a commodities strategist at Citigroup Inc in Hong Kong. “As demand slows, that’s led to overcapacity in the domestic market and producers have sought to export the surplus.” Exports of Chinese raw materials are exacerbating a global glut that drove prices to the lowest since the 2008 financial crisis, and prompt- ed steel and aluminium producers around the world to protest against the deluge. While diesel exports are principally a risk to Asian refiners, the additional shipments threaten to worsen a glut that already extends from Singapore to Europe and the United States. — Bloomberg Chinese art and antique auction sales fall to US$7.9b Hampered by economic slowdown, fleeing speculators BY KATYA K AZ AK I NA HONG KONG: Auction sales of Chinese art and antiques worldwide fell 7% to US$7.9 billion (RM34.68 billion) in 2014, hampered by the country’s economic slowdown, government anti-corruption measures and fleeing speculators, according to a report. Sales were down 31% from the Chinese art market peak in 2011, according to the third annual report published on Wednesday by art researcher and database Artnet and the China Association of Auctioneers. Auctions in mainland China accounted for most of last year’s decline, falling 9.3% from 2013. China’s art market rout contributed to a drop in global art sales, which fell 5.8% to US$8.1 billion during the first half of this year from the same period in 2014, New Yorkbased Artnet said in July. “Although it is impossible to disentangle the extent of the influence of speculative activity and graft, most experts agree it made some impact, the lack of which is now keeping growth more subdued,” Clare McAndrew, a cultural economist, wrote in the report. Non-payment for purchased artworks by buyers escalated in 2014, as 63% of all lots sold for more than 10 million yuan (RM6.89 million) were either unpaid or partially paid for, according to the report. While some auction houses said non-payment is more of an issue for China rather than Hong Kong, two major ones said they had financial controls to prevent such problems. “We have stringent policies in place to ensure payouts,” Rebecca Wei, managing director at Christie’s Asia, said in an email. “These measures include due diligence on clients’ financial background, deposit requests prior to pedal registration as well as stringent measures to track the collection process post auction.” — Bloomberg Beijing to issue new rules easing panda bond restrictions BY M ICHELLE C HE N & I NA Z HO U HONG KONG: China’s central bank is drafting new rules for yuan-denominated bonds sold by foreigners on the mainland, known as panda bonds, and plans to let more companies issue them and ease controls on how proceeds can be used, two people with direct knowledge of the matter said. The People’s Bank of China (PBoC) will allow both international financial and non-financial institutions to sell the bonds in its domestic market, and proceeds can be used within and outside of China, said the people, both of whom were consulted by the central bank and saw the draft rules. Currently, only global development institutions such as International Finance Corp, the private-sector arm of World Bank Group, are allowed to sell panda bonds, and the proceeds must remain in China. “The draft regulation is ready, but has not been finalised. It is prepared in parallel with the two issues that A man walking in front of the headquarters of the PBoC in Beijing. The PBoC will allow both international financial and non-financial institutions to sell panda bonds in its domestic market. Photo by Reuters are in the market now and may see tweaks from their feedback,” said one of the sources. HSBC and Bank of China (Hong Kong) Ltd were approved to issue one billion yuan (RM688.97 million) and 10 billion yuan of panda bonds respectively, the PBoC said in a statement on Tuesday. It was the first time that foreign commercial banks had been given permission to sell bonds in the US$6 trillion interbank bond market of the world’s second-largest economy. China kicked off the so-called panda bond market in 2005, but only a handful of foreign entities have tapped the market so far, mainly due to strict restrictions of issuers and proceeds use. — Reuters IN BRIEF Chinese firm wins bid for New Delhi-Mumbai high-speed rail link study BEIJING: A consortium led by a state-owned Chinese firm has won a bid for a feasibility study into a high-speed rail link between India’s political and financial capitals New Delhi and Mumbai, its parent company said, in what could lead to a major deal among the Asian rivals. China Railway, a spin-off from the former railway ministry, said the line would be around 1,200km long, but provided few other details. China has hugely expanded its own high-speed rail network in recent years, and it is now the largest in the world with around 17,000km of track in service, according to China Railway. — AFP Toshiba in white goods deal with Skyworth TOKYO: Toshiba Corp said it would sell stakes of 5% each in two white goods manufacturing units to China’s Skyworth Digital Holdings — a move that comes amid a revamp of its operations in the wake of a US$1.3 billion (RM5.71 billion) accounting scandal. The sale is part of a broad agreement, in which Toshiba will use the Chinese electronics maker and retailer’s local distribution network to sell refrigerators, washing machines and vacuum cleaners, while winding down two China sales units. Shares in Skyworth Digital jumped 7.5% by mid-afternoon yesterday, while the Hang Seng Index was down 0.7%. — Reuters Fonterra’s pizza strategy pays dividends WELLINGTON: New Zealand dairy processor Fonterra posted record consumer product sales in China yesterday as it saw rewards for its efforts to reduce reliance on milk powder and boost its branded milk, cheese and cream in Chinese pizzerias and bakeries. The world’s largest dairy exporter posted a net profit after tax of NZ$506 million (RM1.4 billion) in the year to July 31, a 173% rise from a year earlier. Consumer products operating profit in China leapt more than fivefold to a record NZ$45 million, with sales volumes up 33%. — Reuters Taiwan cuts interest rates for first time since 2009 TAIPEI: Taiwan’s central bank yesterday lowered its policy rate to 1.75% from 1.875%, the first cut since 2009, citing the slowdown in global economic growth. Eight economists out of 14 in a Reuters poll had expected the central bank to cut the discount rate to 1.75% from 1.875%, following the US Federal Reserve’s decision to hold off on raising interest rates. — Reuters W O R L D B U S I N E S S 23 F R I DAY S E P T E MB E R 25, 2015 • T HEED G E FINA NCIA L DA I LY Britain opens bidding for high-speed rail link Osborne also announces seven impending new contracts in China BEIJING: British finance minister George Osborne yesterday said bidding would open for £11.8 billion (RM79.2 billion) in contracts to build a high-speed rail link in England. The High Speed Two (HS2) project aims to create faster links between London and cities to the north, starting with Birmingham. Hoping to woo Chinese investment, Osborne announced the impending opening of seven new contracts in the south-western city of Chengdu, at the end of a fiveday visit. “It’s crucial that businesses and communities from across the UK feel the full benefit of forging closer economic links with China,” Osborne said, according to a British government statement. Osborne argues that the rail link ‘Sharp poised to miss 1H forecast, cuts 2016 target’ BY GRAC E H UA NG TOKYO: Sharp Corp will miss its first-half (1H) profit forecast and is poised to lower its target for the full year as rising competition among suppliers of liquid-crystal displays (LCDs) pushes down prices, a person familiar with the matter said. Its shares fell the most in more than four months. The supplier of displays to Apple Inc expects to fall short of its ¥10 billion (RM366.5 million) outlook for operating income when it reports earnings for the six months ending Sept 30, the person said. The company may report an operating loss for 1H or break even, the person said. Sharp is considering selling a stake in the LCD operation to Hon Hai Precision Industry Co or to Japan Display Inc owner Innovation Network Japan Corp, people with knowledge of discussions within the companies have said. The declining outlook for earnings this year has added urgency to the talks and increased the odds of a deal with Hon Hai, the person said. The Taiwan-based company would not face the antitrust hurdle Japan Display would have to clear as a rival supplier of LCDs to Apple. — Bloomberg will boost economic development in the Midlands and North of England, but critics fear the link will destroy woodlands and countryside and turn northern cities into commuter towns for London. “This government is committed to rebalancing our economy and building a northern powerhouse, and improving transport links and launching HS2 is key to supporting long-term economic growth across the North and Midlands,” Osborne said. HS2 is yet to be finally approved by parliament but the eventual plan is to extend the line into the north of England to the cities of Manchester and Leeds. The first stage of contracts will cover the construction of tunnels and the surface route between London and Birmingham, which Chinese Premier Li Keqiang (right) with Osborne at the Zhongnanhai Leadership Compound in Beijing, China, on Monday. Osborne said a feasibility study will look at linking the London and Shanghai stock exchanges. Photo by Reuters is expected to cut journey times from one hour 20 minutes to 50 minutes. Earlier in his trip, Osborne announced that the Chinese central bank will issue yuan-denominated bonds in London, and said a feasibility study will look at linking the London and Shanghai stock exchanges. — AFP BoE to monitor balance of payments risk from EU vote BY W ILLIAM SC HO M BE RG & DAV ID M ILLIK E N LONDON: The Bank of England (BoE) will monitor the risk that Britain’s European Union membership referendum could make it harder for the country to finance its large current account deficit, a top official at the central bank said. Ben Broadbent, a deputy governor at the BoE, said it was clear that the decision by British Prime Minister David Cameron to hold the in-out vote had created some uncertainty. “This is a political decision to hold this, so I am not going to suggest that the effects on investment or the uncertainty about the out- come are reasons you should not do it at all,” Broadbent told Reuters in an interview late on Wednesday. “It’s clear that in an open economy like this one, particularly one which happens to have at the moment a large current account deficit, inflows of FDI (foreign direct investment) and portfolio investment are an important, stable way of financing that,” Broadbent said. “So that would be the risk we would be monitoring.” Britain’s current account deficit was at its widest on record in 2014 at nearly 6% of gross domestic product, pushed up not only by its trade deficit but also by low returns on its foreign investments while investments in Britain gen- erated stronger returns for foreign investors. Cameron has pledged to hold the vote on whether Britain should remain in the EU before the end of 2017, and is seeking to secure reforms of the bloc before then. Opinion polls have mostly shown more people in Britain favour staying in the EU than leaving. But business leaders, most of whom also support Britain’s membership, say uncertainty could hurt investment in the run-up to the vote. Broadbent said the BoE would stick to its focus on achieving 2% inflation in order to ensure a stable environment for investors and business. — Reuters Boeing, China swap jet deals during Xi’s visit BY JULIE JOHN S S O N EVERETT (Washington): In a display of give and take, Boeing Co unveiled its largest industrial investment in China and landed US$38 billion (RM166.8 billion) worth of jet orders and commitments from Chinese carriers and lessors as the country’s president visited Boeing’s main factory. Wednesday’s announcements, which came during Xi Jinping’s first state visit to the United States, underscored the intertwined interests of the world’s largest plane-maker and an aviation market on track to soon become the world’s biggest. “We are now proud to extend our partnership with a new, mutually beneficial collaboration,” Boeing chief executive officer Dennis Muilenburg told airline officials, employees and reporters gathered in a factory bay in Everett, Washington. Boeing’s ties in China date back to 1972, when President Richard Nixon flew there in a 707 to thaw relations with the Communist country, Muilenburg said. China is Boeing’s largest international market and a critical battleground in its tussle with Airbus Group SE to dominate the global jetliner industry. Details of the new agreements remain vague. The “general terms agreement” announced on Wednesday covers orders and commitments for 190 single-aisle 737s and 50 wide-body jetliners, although models and customers weren’t disclosed. Lessors ICBC Financial Leasing Co and CDB Leasing Co are taking another 60 737s. It’s not clear how many of the orders already have been placed and marked as “unidentified” in Boeing’s order book. — Bloomberg IN BRIEF Kim Dotcom case ‘simple fraud’, New Zealand court told AUCKLAND: Prosecutors outlined their extradition case against Kim Dotcom in a New Zealand court yesterday, saying the core allegation against the flamboyant Internet mogul accused of multimillion-dollar online piracy was fraud. The case has already dragged on almost four years and been described by the FBI as the biggest copyright investigation in US history. But barrister Christine Gordon, representing US authorities who want Dotcom deported to stand trial in America, said the accusations against him were not complicated. “When distractions are stripped away, the evidence boils down to a simple scheme of fraud,” Gordon told the Auckland District Court. — AFP Ifo: German business confidence edges higher in September FRANKFURT: German business confidence beat expectations by rising slightly in September, reflecting the continued robustness of Europe’s biggest economy amid the current financial market turbulence, the Ifo Institute for Economic Research said yesterday. Ifo’s closely watched business climate index rose to 108.5 points this month from 108.4 points in August, beating analysts’ expectations for a slight fall, Ifo said in a statement. “The German economy is proving robust,” said Ifo president Hans-Werner Sinn. — AFP Bank of England’s Broadbent not close to backing rate rise LONDON: Bank of England (BoE) deputy governor Ben Broadbent said he has not been on the brink of voting for higher interest rates, unlike some of his colleagues, and labour costs in Britain need to grow quite a lot faster to get inflation back to the bank’s target. Broadbent told Reuters the BoE had to balance “fairly robust” growth at home against a slowdown in emerging economies and he was not surprised financial markets had pushed back bets on when the central bank would start to raise rates. — Reuters Krone slides as Norway central bank lowers rates, eyes more cuts OSLO: Norway’s central bank cut its main interest rate yesterday for the second time in four months, sending the krone tumbling, and said it may lower rates more than previously anticipated in the coming year as growth prospects have weakened. Oil and gas firms, which generate a fifth of the Nordic economy’s output, have been cancelling investments and laying off thousands of workers, preparing for an extended period of low crude oil prices. — Reuters 24 W O R L D B U S I N E S S FR I DAY SEP TEM B ER 2 5 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY Monsanto to build big data business BY P J HUFFSTUTTER & CAREY GILLAM CHICAGO/KANSAS CITY: With its shares trading at three-year-lows since it abandoned a US$46 billion (RM202 billion) bid to buy Syngenta AG last month, Monsanto Co plans to offer its shareholders a new corporate vision: a future in big data. Altice CEO says buying spree paused after Cablevision deal BY SCOTT MORITZ & GERRY SMITH LUXEMBROUG: Altice NV chief executive officer (CEO) Dexter Goei says the European company, which last week agreed to buy Cablevision Systems Corp for US$17.7 billion (RM77.78 billion), will take a break from its buying binge to focus on trimming costs and integrating cable systems. Unless, that is, closely held Cox Communications Inc becomes available. “We owe it to our investors, both on the debt and equity side, to pause on the pace of the acquisitions, particularly on the sizeable ones,” Goei said in an interview on Wednesday. Altice’s stock rose 1.5% to €21.73 (RM106.90) in Amsterdam at 9.35am, giving the company a market value of €22 billion. Pausing doesn’t mean Altice is done with making deals, Goei’s boss, Patrick Drahi said last week — within hours of striking the Cablevision deal — that Altice wants to buy more cable providers and may eventually acquire a wireless carrier. As for the length of the break, Goei says it could be a few months to a couple of years. “Six to nine months is nothing. We may pause for two years because we still have a huge amount of organic growth internally,” Goei said. “The only thing that would make us scratch our heads is if Cox came up and said, ‘I’m going to auction my business.’” — Bloomberg Monsanto executives are seeking to reposition the company as a business built on data science and services, as well as its traditional chemicals, seeds and genetic traits operations, chief technology officer Robert T Fraley told Reuters in an interview.“We transformed from industrial chemical company to a biotech company, then to a seeds company,” Fraley said. “Now, we’re transforming again.” Top executives are sketching out plans now, and briefing major shareholders ahead of a wider presentation to investors in November at the company’s St Louis headquarters. Fraley and others have met with at least 195 technology start-ups in re- cent months and identified five as potential acquisition targets, pending Monsanto’s testing of products it makes, company sources said. Company officials declined to say how big a part of the firm it expects the data science and services arm to become, or to project sales and profits. — Reuters VW crisis likely the biggest threat to German economy With concerns that other carmakers could also suffer fallout BY M ICHAE L NI E NABE R BERLIN: The Volkswagen (VW)emissions scandal has rocked Germany’s business and political establishment and analysts warn the crisis at the carmaker could develop into the biggest threat to Europe’s largest economy. Volkswagen is the biggest of Germany’s carmakers and one of the country’s largest employers, with more than 270,000 jobs in its home country and even more working for suppliers. Its chief executive Martin Winterkorn paid the price for the scandal over rigged emissions tests when he resigned on Wednesday, and economists are now assessing its impact on a previously healthy economy. “All of a sudden, Volkswagen has become a bigger downside risk for the German economy than the Greek debt crisis,” ING chief economist Carsten Brzeski told Reuters. “If Volkswagen’s sales were to plunge in North America in the coming months, this would not only have an impact on the company, but on the German economy as a whole,” he added. Volkswagen sold nearly 600,000 File pic of Winterkorn. The VW chief executive paid the price for the scandal over rigged emissions tests when he resigned on Wednesday. Photo by Reuters cars in the United States last year, around 6% of its 9.5 million global sales. The US Environmental Protection Agency said the company could face penalties of up to US$18 billion (RM79 billion), more than its entire operating profit for last year. Although such a fine would be more than covered by the €21 billion (RM103 billion) the company now holds in cash, the scandal has raised fears of major job cuts. The broader concern for the German government is that other carmakers such as Daimler AG and BMW AG could suffer fallout from the Volkswagen disaster. There is no indication of wrongdoing on the part of either company and some analysts said the wider impact would be limited. The German government said on Wednesday that the auto industry would remain an “important pillar” for the economy despite the deepening crisis surrounding Volkswagen. “It is a highly innovative and very successful industry for Germany, with lots of jobs,” a spokeswoman for the economy ministry said. But analysts warn that it is exactly this dependency on the automobile sector that could become a threat to an economy forecast to grow at 1.8% this year. Germany is already having to face up to the slowdown in the Chinese economy. “Should automobile sales go down, this could also hit suppliers and with them the whole economy,” industry expert Martin Gornig from the Berlin-based DIW think tank told Reuters.— Reuters Volkswagen could pass auto peers in payout hall of shame BY A NTON Y C U R R IE LONDON: Volkswagen AG’s cheating on United States’ clean air rules has driven investors into a deep funk. The German carmaker’s market capitalisation shrank by €16.6 billion (RM81.99 billion) in just over a day, after it was caught falsifying emissions on certain cars sold in the US. The eventual cost could be higher. While other carmakers have paid less for misdeeds, the better analogy might be oil: BP’s 2010 Deepwater Horizon fiasco. Rival carmakers got off relatively lightly for recent US transgressions with more disastrous immediate consequences. General Motors Co paid US$900 million (RM3.97 billion) to settle a lawsuit over faulty ignition switches linked to 124 deaths. Toyota Motor Corp shelled out US$1.2 billion last year for malfunctioning accelerators tied to fewer fatalities. No death can be directly pinpointed to Volkswagen fiddling checks on emissions — though the “defeat devices” installed in some vehicles hid levels of harmful nitrogen oxide up to 40 times above permitted levels. The environmental twist perhaps makes BP’s disastrous Gulf of Mexico oil spill a better comparison. Initial total cost estimates by analysts were as low as US$3.5 billion. The final bill under the Clean Water Act was US$5.5 billion, less than half the maximum fine. But BP’s other costs, including damages, ballooned. All in, BP ended up setting aside almost US$55 billion in fines, compensation and clean-up costs. The Clean Air Act allows the Environmental Protection Agency (EPA) to charge up to US$37,500 per vehicle for any breaches. With 482,000 affected cars, that’s US$18 billion. The EPA could be kinder than that, but the company run by Martin Winterkorn cheated government tests for six years, dissembled when confronted, and meanwhile lauded Volkswagen’s status as an environmentally sustainable carmaker. Volkswagen can pay US$18 billion, over time, and retain its credit rating. It has €21 billion in net cash, with more coming from planned divestments. That, though, doesn’t factor in other costs, from recalls to refits to vehicle buybacks to class-action lawsuits — or the possibility that Volkswagen’s emissions shenanigans were more pervasive. Diesel cars account for more than half its sales in Europe, its largest market, though with more lenient nitrogen oxide standards. If the scandal undermines the business case for Volkswagen’s diesel engines, a €16.6 billion euro drop in value will look like a country jaunt. — Reuters IN BRIEF VW shares open 4.6% higher after CEO resigns FRANKFURT: Shares in Volkswagen AG (VW) opened 4.6% higher on the Frankfurt Stock Exchange yesterday, a day after the German auto giant’s chief executive officer (CEO) resigned in the wake of the massive pollution scandal. VW shares opened at €116.60 (RM575.94) after already bouncing back strongly the day before as investors snapped up cheap bargains following the meltdown in the share price earlier this week as the extent of the scandal became apparent. At 0720 GMT, they were showing a gain of 5.2% at €117.30, pulling up the overall blue-chip DAX 30 Index by 0.45%. CEO Martin Winterkorn stepped down on Wednesday, taking responsibility for one of the biggest scandals ever in the German auto sector. — AFP Iras nets record tax revenue of US$43.4b SINGAPORE: The taxman raked in record tax revenue in the last financial year as both individuals and companies earned more in a stable economy, The Straits Times reported. Total tax collected for the year to March 31 climbed to an all-time high of US$43.4 billion (RM191.39 nillion), according to the Inland Revenue Authority of Singapore’s (Iras) latest annual report out yesterday. It was 4.4% higher than the US$41.6 billion collected in the previous financial year. This was in line with the economic showing as Singapore grew about 3% and the global economy hummed along, said DBS Bank Ltd senior economist Irvin Seah. Philippine central bank holds rates MANILA: The Philippine central bank found no reason to alter its monetary policy settings yesterday, with growth expected to gather pace in the second half and inflation seen staying benign despite the threat of a worsening dry spell. The central bank’s policymaking Monetary Board voted to keep the overnight borrowing rate steady at 4%. “The benign inflation outlook and the economy’s underlying growth momentum provide ample room to keep monetary policy settings unchanged at this time,” Governor Amando Tetangco told a briefing. — Reuters S’pore inflation negative for 10th straight month SINGAPORE: Cheaper cars and accommodation kept inflation firmly in negative territory last month, for the 10th month in a row, The Straits Times reported. The Consumer Price Index dropped by 0.8% compared with August last year, with analysts expecting inflation to stay weak for the rest of the year. Housing and utilities led the fall, declining 3.6%, while transport was down 2.3%. Household durables and services, which include items such as washing machines, were down 2.2%. W O R L D 25 F R I DAY S E P T E MB E R 25, 2015 • T HEED G E FINA NCIA L DA I LY Migrants keep coming as Merkel tells EU to do more ‘Europe has to get to grips with its biggest post-war refugee crisis’ BUDAPEST: Thousands of migrants streamed through the Balkans yesterday as German Chancellor Angela Merkel warned after an emergency summit that Europe still had to get to grips with its biggest post-war refugee crisis. French officials meanwhile said a young African was killed by a Channel Tunnel train while trying to get to Britain, just the latest in thousands of deaths this year among people desperate to start a new life in Europe. Hungarian police announced 10,046 migrants, a new daily record, had arrived on Wednesday. Migrants, many from war-torn Syria, are pouring through the Balkans on a zigzag trek to Germany, which they see as a beacon of stability and prosperity. The previous record in Hungary was set on Sept 14, when 9,380 migrants crossed just before the country effectively sealed its border with Serbia with razor wire. That closure led thousands of migrants to enter Croatia, quickly overwhelming authorities who then started bussing them to the Hungarian border. On Tuesday, almost 9,000 migrants entered Croatia, also a new high. Over Taiwan suffers deadliest dengue outbreak ‘Send me home to Iran’, immigrant begs British police TAIPEI: Taiwan is suffering its deadliest ever outbreak of mosquito-borne dengue fever with a record high of 42 deaths, authorities said yesterday, double the number that died in 2014. Last year saw 15,732 cases, by far the highest in nearly three decades, with this year shaping up to overtake. The total number of cases for 2015 has already hit 15,282, the Center for Disease Control (CDC) said, the majority of them in southern Tainan City. Unusually hot weather has caused the increase, the CDC said. High temperatures and humidity encourage breeding of mosquitos, which is why countries with tropical climates, including Taiwan, tend to be plagued by dengue fever every year. Another 36 deaths are being examined for their connection to dengue fever. Dengue fever, which causes high fever, headaches, itching and joint pains, affects two million people across the globe annually, with the number of cases up 30 times in the last 50 years, according to the World Health Organization. The virus, for which there is no vaccine, can lead to vomiting, bleeding, and breathing difficulty in more severe cases. Cases in Thailand have nearly tripled this year, while Malaysia also saw a surge in infections, with 219 deaths as of Sept 20, according to the CDC. Local media have reported the epidemic hitting tourism in Tainan, a city with a population of 1.88 million, which draws visitors with its historic architecture and reputation as Taiwan’s best food destination. Businesses have seen a 50% drop in visitors since the outbreak, United Daily News reported earlier this month. — AFP LONDON: An Iranian man handed himself in to British police demanding to be deported before it emerged he was in the country legally and simply hoping to be sent home as he was sick of Britain. Arash Aria, 25, said in comments published yesterday that he had encountered violence and rudeness in the city of Manchester, north-west England, where he has lived for 10 years, and cannot find work. Officers said a “very angry young man who has been here illegally [for BY PET ER MU RPH , DANNY KEM P & L AC H L A N C A RMI CHAEL the last week, more than 44,000 refugees have entered the country from non-European Union (EU) Serbia. That influx has fuelled tensions between the two countries. In titfor-tat moves overnight, Croatia and Serbia further restricted traffic at the last major crossing point on their joint border, Tanjug news agency reported in Belgrade. EU leaders agreed at an emergency refugee summit early yesterday to boost aid for Syria’s neighbours, which are housing millions of refugees fleeing years of civil war and the ravages of Islamic State extremists. The leaders agreed to mobilise an additional €1 billion (RM4.91 billion) the] last 10 years” handed himself in on Monday. It later emerged that Aria had indefinite leave to remain in Britain. He was released without charge. Police added that he “may have to find his own way home”. Aria told yesterday’s Daily Telegraph that he wanted to return to the city of Shiraz in south-west Iran, where he has relatives. Some Britons joked that they had sympathy for Aria wanting to flee Manchester, which is often the butt of ridicule for its rainy weather. for the UN refugee agency and the World Food Programme, as well as more help for Turkey, Lebanon, Jordan and Balkan countries. EU president Donald Tusk said EU leaders also agreed to strengthen the bloc’s outer frontiers. He said they also agreed to set up controversial “hotspot” reception centres in front-line states to quickly sort genuine conflict refugees from economic migrants. On the eve of the summit, interior ministers decided to relocate 120,000 refugees, defying opposition from eastern states Hungary, the Czech Republic, Romania and Slovakia. — AFP “10 years in Manchester? Never mind deportation — give the man a medal!” wrote Twitter user @FPL_simon432. Thousands of migrants have flocked to camps in northern France from the Middle East and Africa in the hope of crossing illegally into Britain. But Prime Minister David Cameron’s government has refused to accept quotas for European Union countries to accept migrants coming to Europe which were intended to tackle a crisis causing serious tensions in the 28-nation bloc. — AFP ‘Super blood moon’ to give stargazers a rare show BY JOSHUA M E LV I N PARIS: For the first time in decades, skygazers are in for the double spectacle on Sept 28 of a swollen “supermoon” bathed in the blood-red light of a total eclipse. The celestial show, visible from the Americas, Europe, Africa, west Asia and the east Pacific, will be the result of the sun, earth and a larger-than-life, extra-bright moon lining up for just over an hour from 0211 GMT. “It will be especially dramatic,” predicted astronomer Sam Lindsay of the Royal Astronomical Society in London. “It’ll be brighter than usual, bigger than usual.” The moon will be at its closest orbital point to earth, called perigee, while also in its brightest phase. The resulting “supermoon” will look 30% brighter and 14% larger than when at apogee, the farthest point, about 49,800km from perigee. Unusually, our planet will take position in a straight line between IN BRIEF China to host Asean defence ministers amid South China Sea tension BEIJING: China said yesterday it will host defence ministers from the Association of Southeast Asian Nations (Asean) next month, amid tension between some of its members and China over the disputed South China Sea. The Oct 15 to Oct 16 informal summit will take place in Beijing and China has invited the defence ministers of all 10 members. Chinese Defence Minister Chang Wanquan will have discussions with participants. China has overlapping claims with Vietnam, the Philippines, Malaysia, Taiwan and Brunei in the South China Sea, through which US$5 trillion (RM21.95 trillion) in ship-borne trade passes every year. — Reuters Australia warns Chris Brown on visa amid domestic violence crackdown SYDNEY: Australia yesterday warned US rapper Chris Brown could be denied a visa for an upcoming tour because of his criminal record, as it unveiled a A$100 million (RM307.30 million) package to end the “national disgrace” of domestic violence. A national debate has erupted over family violence, which is claiming lives at the rate of nearly two women per week. The government is considering refusing Brown entry to Australia over his conviction for a 2009 assault on pop diva Rihanna. — AFP China still verifying incident with US aircraft BEIJING: China’s Defence Ministry said yesterday it was still verifying what had happened in an incident last week which the Pentagon said involved a Chinese aircraft performing an unsafe manoeuvre during an air intercept of a US spy plane. The intercept occurred last Tuesday, about 130km east of the Shandong peninsula in the Yellow Sea and involved an American RC135 reconnaissance plane, said a Pentagon spokesman. A Chinese Defence Ministry spokesman said China had always been committed to maintaining maritime and air safety in accordance with international laws and norms. — Reuters Argentina halts ‘cocaine rice’ en route to Europe the moon and the sun, blotting out the direct sunlight that usually makes our satellite glow whitish-yellow. But some light will still creep around earth’s edges and be filtered through its atmosphere, casting an eerie red light that creates the “blood moon”. The moon travels to a similar position every month, but the tilt of its orbit means it normally passes above or below the earth’s shadow — so most months have a full moon minus eclipse. The last blood moon, only the fifth recorded since 1900, was in 1982, and the next will not be until 2033. — AFP BUENOS AIRES: Argentine customs agents found about 30kg of cocaine hidden in a way they had never seen before when drug-sniffing dogs found the drug had been absorbed into grains of rice headed for Europe via Africa, an official said on Wednesday. The bust underscores the role Argentina has come to play as a shipping point for cocaine produced in Bolivia, Peru and Colombia, destined for Africa and then smuggled north to Europe. Drug runners soaked the rice in water that had been mixed with cocaine. When the water evaporated, the rice was left invisibly infused with the addictive stimulant. — Reuters 26 WORLD FR I DAY SEP TEM B ER 2 5 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY Israeli-Russian team to coordinate on Syria JERUSALEM: An Israeli-Russian coordination team set up to prevent the countries accidentally trading fire in Syria will be headed by their deputy armed forces chiefs and will hold its first meeting by Oct 5, an Israeli military officer said yesterday. Israeli Prime Minister Benjamin Netanyahu and Russian President Vladimir Putin agreed on Monday to set up the team as Moscow steps up military support for Syrian President Bashar al-Assad, who has been losing ground to an Islamist-led insurgency. Israel is worried the Russian deployment, which US officials and regional sources say includes advanced anti-aircraft units and warplanes, risks pitting Russian forces against its own over Syria. Israeli jets have occasionally Israel defends soldiers over Palestinian woman’s death At least 717 pilgrims die in haj stampede JERUSALEM: Israel yesterday defended the actions of its soldiers who shot dead an 18-year-old Palestinian woman at a checkpoint in the West Bank as questions swirled over the events that led to the killing. Hadeel al-Hashlamon was shot by Israeli forces on Tuesday at a checkpoint in the city of Hebron. The military said she was attempting to stab a soldier when they opened fire. Activists have, however, distributed photos purporting to show the fully veiled woman with no knife visible at the checkpoint. The pictures, however, do not capture the moment of the shooting. The Israeli military yesterday maintained its initial version of events and provided further details of what it said occurred. It said a preliminary review had been opened as is standard for fatal incidents. Israeli news media also published a photo distributed by the military of a knife on the ground that the woman allegedly used. According to a military official, the metal detector at the checkpoint sounded when the woman walked through it and soldiers ordered her to stop. “She didn’t stop and continued walking,” the official said. — AFP struck in neighbouring Syria to foil suspected handovers of sophisticated Russian- or Iranian-supplied arms to Assad’s guerrilla allies in Lebanon. An Israeli military officer, who spoke on condition of anonymity, told Reuters the talks with Moscow would focus on aerial operations in Syria and “electromagnetic coordination”. The latter appeared to refer to the sides agreeing not to scramble each other’s radio communications or radar-tracking systems, and devising ways of identifying each other’s forces ahead of any unintended confrontation in the heat of battle. Israel and Russia will also coordinate on sea operations off Syria’s Mediterranean coast, where Moscow has a major naval base, the Israeli officer said. — Reuters Around 805 injured, 4,000 rescue workers are sent to location MINA (Saudi Arabia): At least 717 pilgrims were killed yesterday in a crush at Mina, outside the Muslim holy city of Makah, where some two million people are performing the annual haj pilgrimage, Saudi Arabia’s civil defence authority said. At least 805 others were injured in the crush, which took place on Street 204 of the camp city at Mina, a few kilometres east of Makah, where pilgrims stay for several days during the climax of the haj. The pilgrimage, the world’s largest annual gathering of people, has been the scene of deadly disasters in the past, including stampedes, tent fires and riots. The last major incident in haj took place in 2006, when at least 346 pilgrims were killed as they attempted to perform the stoning of the devil at Jamarat. However, massive infrastructure upgrades and extensive spending on crowd control technology over the past two decades had made such events far less common. Street 204 is one of the two main arteries leading through the camp at Mina to Jamarat, where pilgrims ritually stone the devil by hurling pebbles at three large pillars. Reuters reporters in another part of Mina said they could hear police and ambulance sirens, but that roads leading to the site of the disaster had been blocked to prevent further crowds developing. Photographs published on the civil defence Twitter feed showed pilgrims lying on stretchers while emergency workers in high-visibility jackets lifted them into an ambulance. It said more than 220 ambulances and 4,000 rescue workers had been sent to the stampede’s location to help the wounded. Saudi-owned Al-Arabiya television channel showed a convoy of ambulances driving through the Mina camp. Yesterday was also Eid al-Adha, when Muslims slaughter a sheep. It has traditionally been the most dangerous day of haj because vast numbers of pilgrims attempt to perform rituals at the same time in a single location. Two weeks ago 110 people died in Makah’s Grand Mosque when a crane working on an expansion project collapsed during a storm and toppled off the roof into the main courtyard, crushing pilgrims underneath. — Reuters Russia announces naval drills in ‘east Mediterranean’ MOSCOW: Russia’s defence ministry yesterday said it would hold naval drills in the “east Mediterranean” region in September and October, as the West frets over a military buildup by Moscow in Syria. The exercises include three warships from Russia’s Black Sea Fleet, including the Saratov landing ship, the Moskva guided missile cruiser and the Smetlivy destroyer, the ministry said in a statement. The drills will involve “40 combat exercises, including rocket and artillery fire at sea and airborne targets,” the statement said. The ministry said that the Mediterranean drills — which were restarted in early 2013 — had been planned since the end of last year and did not link them to the conflict in Syria. Russia officially alerted the airport in Cyprus earlier this month through the international aviation Russia’s navy destroyer Smetlivy seen in the Bosphorus in Istanbul on July 11, 2012. The latest naval drills include three warships from Russia’s Black Sea Fleet which includes the Smetlivy destroyer, Russia’s defence ministry said in a statement. Photo by Reuters authorities to divert aircraft from the area between Syrian port of Tartus, where Russia has a naval facility, and Cyprus. The United States has accused Moscow of sending troops, tanks and fighter jets to Syria in recent weeks, sparking fears that Russia could be preparing to join in fighting alongside its long-standing ally President Bashar al-Assad. Syrian officials said this week that they have received new warplanes and sophisticated missiles from Russia and some reports in Russia alleged that Moscow has dispatched soldiers to the wartorn country. Russia, which has supported the Syrian regime throughout the four-and-half year conflict that has claimed some 250,000 lives, says any support is in line with existing military contracts and that personnel have been sent to train the Syrian forces. — AFP IN BRIEF Gunmen shoot dead Pakistan prison official, brother — police PESHAWAR: Gunmen yesterday shot dead a prison official and his brother in northwestern Pakistan, a week after a Taliban attack on an air force base which killed 29 people, police said. Zahir Shah, the deputy superintendent of Peshawar prison, where hundreds of militants have been locked up, was shot at home at Hari Chand village, some 60km northeast of Peshawar, when he was meeting friends and relatives as part of Eid al-Adha, the Islamic festival of sacrifice. Local residents said that four gunmen came on motorcycle and two went inside the premises posing as visitors to exchange Eid greetings with Shah and when they were sitting in a compound adjacent to his house, they opened fire on him. Shah’s brother who was nearby and rushed to the scene with a gun was shot dead by two assailants standing outside, they said. — AFP Assad appears in public for Eid prayers DAMASCUS: Syrian President Bashar al-Assad attended holiday prayers at a Damascus mosque yesterday, state media reported, in a rare public appearance for the embattled regime head. Assad led Eid alAdha prayers at the Al-Adel mosque with state and ruling Baath party officials as well as a number of Muslim religious leaders and civilians, Syria’s official news agency SANA reported. In a photograph published on his official Twitter account, Assad appears standing in prayer, flanked by Prime Minister Wael Halaqi and Grand Mufti Ahmed Badreddin Hassoun. — AFP Mosque bombing in Yemen kills at least 25 SANAA: A suicide bomber struck a mosque in Yemen’s capital yesterday in an attack targeting Shiite worshippers that killed at least 25 people and wounded dozens during holiday prayers, medics and witnesses said. There was no immediate claim of responsibility but Sanaa has been shaken by a string of bombings by the Islamic State jihadist group in recent months targeting Shiites. Yesterday’s blast ripped through the Balili mosque where Huthi Shiite rebels who control Sanaa go to pray, according to witnesses. — AFP ‘Palmyra citadel damaged by Syria regime bombing’ BEIRUT: Regime bombardment has damaged parts of the ancient citadel in Syria’s world heritage site of Palmyra, an archeological expert and an activist said yesterday. At least 13 barrel bombs have exploded on the citadel and its surroundings since Monday, according to Cheikhmous Ali of the Association for the Protection of Syrian Archeology, which monitors damage to the country’s heritage sites. — AFP W O R L D 27 F R I DAY S E P T E MB E R 25, 2015 • T HEED G E FINA NCIA L DA I LY Singapore air quality hits ‘very unhealthy’ levels 2,081 fire “hotspots” recorded in Kalimantan, 290 in Sumatra yesterday BY MA RTI N A B B U GAO SINGAPORE: Singapore’s air quality reached “very unhealthy” levels yesterday as thick smog from forest fires in Indonesia’s neighbouring island of Sumatra choked the city state. Thick grey smoke blown in by southerly winds smothered the island, shrouding the skyline and creeping into homes, with many residents avoiding going outdoors. “The hazy conditions in Singapore have further deteriorated since last (Wednesday) night, as denser haze from Sumatra has been blown in by the prevailing southerly winds,” the National Environment Agency said in an advisory. It showed the Pollutant Standards Index, which measures the air quality, as reaching the “very unhealthy” range. The agency advised healthy persons to “avoid prolonged or strenuous outdoor physical exertion” and urged the elderly, pregnant women and children to minimise outdoor exposure. Housewife Asnah Mohamad, 62, said she and her friend used their headscarfs to cover their faces as they travelled to a mosque to celebrate Hari Raya Aidiladha. “My husband cannot leave the house because he has a heart condition, so I represented him to collect the meat offerings,” she told AFP, refer- ring to the festival in which Muslims share the meat of animals slaughtered as sacrifices. “We hope it gets better soon. But what can you do? Go over there (Indonesia) and pour water on the fire?” The city state, which prides itself for its clean environment, has been cloaked in the haze in varying degrees for about three weeks, the worst such episode since mid-2013. Under pressure from its neighbours to stop the annual haze, Indonesian President Joko “Jokowi” Widodo has pledged to crack down on companies and individuals behind the burnings, which are a cheap but harmful way of clearing vast tracts of land for plantations. During a visit to the haze-affected islands of Borneo and Sumatra this week, Jokowi called on local communities to do their part in helping to contain the scourge. “I’m taking this opportunity to ask the community not to carry out burning, whether at the farms, in their own yards or on the streets,” Jokowi told reporters. He said the government was trying its best to extinguish the fires by dropping water from helicopters and inducing rain through cloud seeding. Indonesia’s National Disaster Management Agency told AFP that 2,081 fire “hotspots” were recorded in the worst-affected region of Indonesia’s Kalimantan and 290 in Sumatra yesterday. — AFP Indonesia nabs 18 Australia-bound migrants SUKABUMI, West Java: Indonesian police have arrested 18 migrants who were stranded in the waters off Java island after their boat ran out of fuel as they tried to reach Australia, an official said. The group from Bangladesh, India and Pakistan had boarded the wooden boat from Pameungpeuk beach in West Java and were heading to Australia’s remote Christmas Island, district immigration chief Defence asks for more time in tourist murders BY PRA PA N C H A NKAEW KOH SAMUI: Lawyers for two Myanmar migrant workers accused of killing two British tourists on a Thai island appealed for more time yesterday to prove they were scapegoats innocent of the brutal, high-profile murders. Hannah Witheridge and David Miller, both in their 20s, were beaten to death a year ago on the southern holiday island of Koh Tao, causing outrage in Britain. Witheridge was also raped, a post-mortem examination showed. Lawyers are trying to convince the judge that Zaw Lin and Win Zaw Htun were framed by police under pressure to solve a case that has caught international attention and hurt Thailand’s image as a tourism haven. The defence tentatively had until today to wrap up its case, but chief lawyer Nakhon Chomphupat said there were problems convincing witnesses to testify as some feared retribution.— Reuters Filianto Akbar told reporters late on Wednesday. “They intended to go to Christmas Island, but their boat ran out of fuel and drifted near a beach in Cianjur district on Wednesday,” he said. “They asked passing fishermen for help, who then informed the police.” Sixteen migrants were taken to an immigration detention centre while two others were still being questioned by police, Akbar said, adding that the boat’s captain and two crew members had also been arrested. Australia’s conservative government introduced hardline immigration policies in 2013 allowing authorities to prevent asylum seekers from attempting to arrive on the mainland. Indonesia has previously expressed disapproval of the tough immigration policy implemented by former prime minister Tony Abbott’s conservative coalition. The latest boat is reportedly the first attempt by asylum seekers to reach Australia by sea since Malcolm Turnbull became prime minister last week. On Wednesday, Turnbull admitted he had concerns about asylum seekers being held in Pacific island camps, but gave no indication of an immediate change to the government’s policy. — AFP The pope and the little girl who braved barriers BY DANIEL W O O LLS WASHINGTON: As Pope Francis drew nearer and nearer in his open-sided Popemobile and the crowd in Washington whooped, squealed and quivered on Wednesday, the little girl with black pigtails spotted her chance. Her name was Sofia Cruz, and her story soon went around the world: how a five-year-old had the bravado to deliver a message to the pope on behalf of the United States’ millions of undocumented migrants. In a flash, Sofia clambered over a metal barrier, darted out onto stately Constitution Avenue and headed straight for the pontiff — in total disregard of Secret Service agents. “The police wanted to move her aside, but the pope asked for his car to stop,” Vatican spokesman Federico Lombardi told reporters. As the crowd roared with surprise and excitement, Sofia slipped the pontiff her letter. Born on US soil to Mexican parents, Sofia travelled across the country as part of a group of a dozen faithful, her father among them, from the Nuestra Senora Reina de Pope Francis, making his first visit to the US, seen reaching out to Sofia during the papal parade in Washington on Wednesday. Photo by Reuters Los Angeles parish in Los Angeles. “She handed the pope a letter asking him to support the drive to legalise undocumented migrants living in the United States,” the parish said when contacted by AFP. The spokesman was unable to confirm whether Sofia’s parents were undocumented. Britain’s Guardian newspaper later spoke to the child, who said she had learned by heart the contents of the letter, in Spanish and English. “I want to tell you that my heart is sad,” it quoted her as saying. “All immigrants just like my dad help feed this country. They deserve to live with dignity. They deserve to live with respect. They deserve an immigration reform.” Joseph Reblando, another pope-greeter, happened to be standing right next to the girl and her father and caught it all on film. “She came back and her father was just in tears. And the whole crowd in my section were just going nuts,” he told AFP afterwards. Backers of immigration reform were also swift to seize upon the poignant episode in the hours that followed. “A 5-yr-old girl shared her story with Pope Francis today&highlighted why we need #ImmigrationReform,” tweeted Democratic Senator Dick Durbin. — AFP IN BRIEF Dalai Lama visits US for check-up as world leaders gather for UN assembly NEW DELHI: Tibet’s exiled spiritual leader, the Dalai Lama, was in the United States for a medical check-up yesterday, and he had no plans to meet world leaders gathering in New York for the annual United Nations (UN) general assembly, officials at his office in India said. The Nobel Peace laureate is not ill, but was going to the Mayo Clinic in Rochester, Minnesota, for a yearly health check-up, his secretary Tenzin Taklha said in an email. Who the Dalai Lama meets is a sensitive issue for Beijing. China’s President Xi Jinping is also in the US, where he will make his UN debut as China’s leader. The Dalai Lama’s trip also coincides with the visit of Pope Francis, who is scheduled to address the UN today. — Reuters New left-wing Greek government takes office as painful reforms loom ATHENS: Greek Prime Minister Alexis Tsipras’ new left-wing government took office on Wednesday with a mandate to tackle painful economic reforms as well as a growing migration crisis that has shaken the European Union. Tsipras barely had time to see his cabinet sworn into office before flying to Brussels for an emergency migration summit, a day after EU ministers forced through a controversial deal to relocate 120,000 refugees, angering several member states in the process. “We must share the burden,” Tsipras said in Brussels, after complaining that Europe had failed to give adequate support to Athens. — AFP Tunisian student gets year in jail for homosexuality TUNIS: A Tunisian court has sentenced a student to a year behind bars on charges of homosexuality, in a judgement condemned by local rights groups, his lawyer said yesterday. The youth had been detained on Sept 6 in the Mediterranean resort area of Sousse for questioning in connection with a murder after his telephone number was found on the victim, lawyer Fadoua Braham said. He denied any involvement in the murder but admitted to having had sexual relations with the victim. “Another statement was drawn up and my client had to undergo an anal exam against his will,” she said. — AFP UK halts use of Silimed silicone implants LONDON: Britain’s health regulator has suspended sales of silicone implants made by Brazil’s Silimed due to contamination, and recommends none of the devices — including breast, penile and testicular implants — be used until further notice. The Medicines and Healthcare Products Regulatory Agency said it and other European regulators are testing Silimed’s products after contamination was detected during an audit of the company’s manufacturing practices. — Reuters 2 8 S P O RT S FR I DAY SEP TEM B ER 2 5 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY Button says ‘joy has gone’ as exit rumours swirl BY A L A STA I R H I MM ER SUZUKA: Britain’s Jenson Button said yesterday that his sense of joy had disappeared from Formula One amid rumours the former world champion is set to retire from the sport. Refusing to be drawn on the speculation that he had failed to secure a contract extension with underperforming McLaren, Button told reporters in Japan, “I don’t like finishing 14th, I don’t like finishing 10th. That’s not what excites me.” The 35-year-old, who captured the world title in 2009, has endured a hugely frustrating season because of his car’s unreliable Honda engine, and was forced to retire in Singapore last weekend. “I don’t think any driver has joy when they’re not fighting for victories,” said Button before this week’s race in Suzuka. “That’s what we’re here for, that’s what we love — the challenge of fighting at the front. “There are so many possibilities of what could happen next year, so many possibilities,” he added. “But I can’t give you anything else really since the last race. There’s no more information to give you so you’re going to have to wait a little longer, I’m sorry to say.” — AFP Cash-strapped Lotus locked out in Japan Puts blame on European time difference for delayed payments Effendy Shahul: Early commitments are always a good indication of interest in the event. Photo by Shahrin Yahya Ryan Moore to defend CIMB Classic golf title KUALA LUMPUR: Defending champion Ryan Moore of the United States is set to return to Malaysia to defend his title in the 2015 CIMB Classic Golf Tournament at the Kuala Lumpur Golf and Country Club from Oct 29 to Nov 1. Besides the 32-year-old American who will be making his third appearance in the tournament, other notable names are world No 6 Sweden’s Henrik Stenson; world No 10 Sergio Garcia of Spain; and also another American, Adam Scott, who is ranked 12th in the world. “This is the sixth edition of the CIMB Classic and the tournament has gone from strength to strength, evidenced by the quality and depth of its field,” group chief marketing and communications officer of CIMB Group, Effendy Shahul Hamid, said in a statement here on Wednesday. “Early commitments are always a good indication of interest in the event; and as always, we expect to have a stellar tournament week come the end of October,” he added. The statement added other players who had shown early commitments for the US$7 million (RM30.73 million) tournament, included South African Branden Grace, Australian Marc Leishman, Japan’s Hideki Matsuyama, New Zealander Danny Lee, Anirban Lahiri from India, and also the American duo of Patrick Reed and Jimmy Walker. — Bernama SUZUKA: Lotus’ woes took an embarrassing new twist yesterday as the cash-strapped Formula One team were locked out of paddock hospitality in Suzuka and left anxiously waiting for their engines in a row over payments. Other freight were also delayed and instead of being interviewed in the team’s on-site suite, French driver Romain Grosjean was left chatting in the rain with reporters huddled under umbrellas. Equipment which had arrived for this week’s Japanese Grand Prix were stacked up outside under a protective sheet, with team officials blaming the time difference with Europe for delaying payments to track authorities. “It doesn’t mean we can’t fight for the podium,” said Grosjean. “At At Spa we had bailiffs in the garage and we ended up on the podium Spa we had bailiffs in the garage and we ended up on the podium,” added the Frenchman, who finished third in Belgium last month. “As long as they catch up by tomorrow (today), I’m happy. It is a situation which is very tricky. We’re waiting for answers but the spirit is still there. The guys are going to do their best as always.” As their preparations for Japan were badly hit, Lotus mechanics prepared to burn the midnight oil to set up the cars for today’s practice. “We are here,” said Grosjean, who is tipped to leave Lotus for the new American-owned Haas team next season. “The most important thing is that we are ready to race.” Troubled Lotus hope to be taken over by former owners Renault but as negotiations continue, the threat of court cases and administration has added to a growing sense of uncertainty about the team’s future. Team lawyers have a date in the London High Court on Monday as they fight going into administration in a lawsuit brought by the British tax authorities. As Lotus’ financial plight worsened last month, bailiffs arrived at the Spa paddock to impound the team’s equipment as their rivals were packing up to go home. — AFP Beat Samoa or bust for Japan BY P IRATE I RWI N GLOUCESTER: Battered giant-killers Japan are now under orders from coach Eddie Jones to beat Samoa to keep alive their hopes of reaching the World Cup quarter-finals. Jones set the new target after the “Brave Blossoms” — heroes of a stunning 34-32 win over South Africa — came brutally back to earth with a 45-10 hammering by Scotland on Wednesday. Whilst Japan gave as good as they got from the initially one-dimensional Scots, their energy faded after an hour in the Pool B match. Jones, who will leave the Japan post to take over at the South African Super Rugby franchise Western Stormers post the World Cup, would not use the Japan’s restricted fourday rest from the South Africa win as an excuse. However, he highlighted the added significance of the Samoan match in Milton Keynes on Oct 3 in his bid to guide the 2019 World Cup hosts to their first ever appearance in the knockout stages. “If we can knock Samoa off in 10 ca tomorrow could also be key to Japan’s fortunes. “The Samoans could come out of the match with the Springboks bruised and battered. That match will be a bit like an Ultimate Fighting Championship fight with a fair of bit of Springbok power coming forward at the Samoans. “For us, well our boys need a break. You read the books on physiology and they say you need six days to recover after exercise like the boys had against the Springboks. “Of course by that token the games should be spread out more. “However, because of TV they aren’t. What to do about it? I don’t know, I’m not an administrator, thank goodness. I’m just a silly rugby coach.” Jones, who guided Australia to the 2003 World Cup final and was an adviser to the Springboks side that won the 2007 edition, is also looking to the South Africans to do him a favour. He needs them to beat both Sadays then we have a terrific chance, moa and Scotland, ensuring the if we don’t then we’re cooked,” said top two places remain wide open Jones. going into Japan’s final pool game Samoa’s match with South Afri- against the United States. — AFP IN BRIEF Amos to take Cuthbert’s place in England game LONDON: Hallam Amos’ 21st birthday present from coach Warren Gatland is a place in the starting line-up for the crunch Rugby World Cup Pool A clash with hosts England at Twickenham tomorrow. Amos replaces the experienced Alex Cuthbert, who drops to the replacements bench after a series of disappointing performances, in a starting XV patched together after injuries cost Gatland several key players over the past few weeks. There is no place for experienced scrum half Mike Phillips — who was called up when first-choice Rhys Webb was ruled out of the tournament before it got underway. England and Wales — who both still have two-time champions Australia to play in their pool of death — won their opening matches against Fiji and Uruguay respectively. — AFP China senior sports official ousted from party BEIJING: The former public face of China’s national Olympic committee has been expelled from the ruling Communist Party after a corruption probe, the organisation’s anti-graft body said yesterday, weeks after the country won the right to host the 2022 Winter Olympics. Xiao Tian was put under investigation in June and sacked from his government post as deputy director of the General Administration of Sport in mid-July, shortly before the Olympic decision was taken. He was also a vice chairman of China’s national Olympic committee, and was regularly its main speaker at press conferences. — AFP Malaysia suffer second straight Fiba Asia defeat KUALA LUMPUR: The national men’s basketball squad suffered their second straight defeat after losing 48-119 to Japan in the 2015 International Basketball Federation (Fiba) Asia Championship Group A match in Changsa, China, yesterday. The Japanese side took a 32-9 lead in the first quarter before continuing their domination with a 59-23 score in the second quarter, reports Fiba’s website, www.fiba.com. Japan scored 35 points in the third quarter before securing their first victory of the tournament with a 119-48 final score. — Bernama Mexican Perez extends deal with Force India SUZUKA: Mexican driver Sergio Perez will remain with Force India for the 2016 world championship, taking him into a third season with the team. Perez, who joined Force India in 2014 after one year at McLaren and two seasons with Sauber, said, “I am very happy to confirm that I will be staying with Force India.” He added, “It means I can simply focus on the important stuff — driving the car and scoring points for the team.” — AFP S P O RT S 2 9 F R I DAY S E P T E MB E R 25, 2015 • T HEED G E FINA NCIA L DA I LY Reds will be galvanised by League Cup victory Penalty shoot-out win may just pull team together — McAllister LONDON: Liverpool first-team coach Gary McAllister believes the penalty shoot-out win over League Two Carlisle will help galvanise Liverpool after a poor start to the season. Carlisle, the lowest-ranked team in the competition, took Liverpool to penalties at Anfield after the game finished 1-1 following extra time, Derek Asamoah having cancelled out Danny Ings’ 23rd-minute opener. Adam Lallana and Philippe Coutinho both saw penalties saved by Mark Gillespie, but reserve goalkeeper Adam Bogdan parried the decisive spot kick from Carlisle’s French forward Bastien Hery to earn Liverpool a 3-2 shoot-out win and spare manager Brendan Rodgers a humiliating exit. “When it comes to a penalty shoot-out, there is that coming together of players in the middle of the pitch and we’ve stepped forward and got through,” the Scot said after going through 3-2 on spot-kicks to book a fourth-round date at home to Bournemouth. “We’ve shown that bit of character and we’re delighted for Adam Bogdan, making the saves to get us through. “Maybe this is one of those little things that can just pull us together as we look forward to the weekend.” Liverpool are languishing in 13th spot in the Premier League with just eight points from six games and host struggling Aston Villa at Anfield tomorrow. — AFP Wenger hails fighting Flamini’s staying power BY STEVEN GRI FFI T HS LONDON: Arsene Wenger saluted Mathieu Flamini’s decision to fight for his place after the French midfielder’s brilliant brace fired Arsenal’s 2-1 League Cup triumph at bitter rivals Tottenham. Flamini was Arsenal’s unlikely hero at White Hart Lane as he scored his first goals since March in his first appearance of the season to earn his side a fourth round tie at second tier Sheffield on Wednesday. The 31-year-old, who came close to leaving Arsenal in the last transfer window, punished Tottenham goalkeeper Michel Vorm’s error to open the scoring from close range in the first half of Wednesday’s fiercely contested third round tie. Then Flamini stole the show by lashing a sublime 78th-minute volley past Vorm from 18.29m after Tottenham had equalised through a Calum Chambers own goal. Wenger revealed he had told Flamini he was free to leave before the start of the season, but he was impressed with the way the veteran decided to stick around and fight for his place in his second spell at the club. “You do not expect Mathieu Flamini to score two goals, but he was certainly frustrated for a long time, and he went for it. He scored two good goals,” Wenger said. “He had worked very hard recently. He was focused and I want- Fifa ‘committed’ to working with authorities in Valcke case ZURICH: International Federation of Association Football (Fifa) insisted yesterday they were “committed” to working with the authorities in any investigation, following the suspension of secretary-general Jerome Valcke. Swiss prosecutor Michael Lauber has requested to have access to all Valcke’s emails while working at the football’s governing body. “We are committed to collaborate with the authorities,” Fifa told AFP without giving details because the case “is an ongoing process.” Valcke was put on indefinite leave last week over accusations he agreed to let World Cup tickets be sold at vastly inflated prices. The Frenchman strongly denied the allegations. The claims were made by Benny Alon, an American-Israeli consultant at a company which had a deal with Fifa to sell tickets at the 2014 World Cup. The contract was subsequently cancelled. His eviction has only served Wenger reveals he had told Flamini he was free to leave before the start of the season. Photo by Reuters ed him to strengthen our defensive midfield. “He is a fighter; he is a winner as well. I told him at the start of the season it might be difficult to be a Barca outclassed by brilliant Celta, admits Enrique BY K I E RAN C ANNI NG Valcke is on indefinite leave from last week over accusations he agreed to let World Cup tickets be sold at vastly inflated prices. Photo by AFP to heighten the suspicion which is swirling around president Sepp Blatter’s final months in office with the election of his successor set for Feb 26 next year. — AFP starter, but he decided to stay and he has been fighting. “I fought to keep him but he is at an age when you always consider it is better to let them go if they are not focused but he wanted to stay.” After successive defeats to Dinamo Zagreb and then Chelsea, Wenger was pleased to see his players’ spirit remains intact. “Overall we responded well mentally and physically to the challenge we faced,” he said. “We were unlucky to concede the own goal and still found the resources to score the winner. “Tottenham dropped a little bit around 70 minutes and we found more space when Alexis Sanchez came on.” — AFP MADRID: Barcelona coach Luis Enrique hailed the quality displayed by his former club Celta Vigo as they thrashed the European champions 4-1 on Wednesday. Enrique’s men had arrived in Galicia with a 100% record in La Liga, but were well beaten as goals from Nolito and John Guidetti either side of a double from former Liverpool striker Iago Aspas sealed a famous night for Celta. “When a team has been better than you, there is no more to add,” said Enrique, who took charge of Celta during the 2013-14 season before joining Barca. “I prefer to be beaten by a team that plays like Celta, without any traps and purely on football grounds. “I congratulate them and urge them to continue playing like that.” Barca have now conceded four goals in a game three times in just nine matches this season. However, Javier Mascherano claimed it was being outplayed that concerned him more than last season’s treble winners’ defensive woes. “It always hurts to lose at Barca. We have a thick skin and all we can do now is think about Saturday (tomorrow) and remember what happened last season,” said the Argentine. “There can be a day when the opponent is better and beats you to every ball. Part of it is our fault and part of it is to their credit. “We don’t have any excuses. They beat us soundly and we have to keep working. The most worrying thing is that we feel outplayed.” Celta also stunned Barca 1-0 at the Camp Nou last season and their coach Eduardo Berizzo believes the fearlessness of their performance was worthy of such a sensational result. “There were special circumstances and a bit of luck that went our way,” he said. “Our idea is to play the way we did tonight, trying to take the game to the opponent no matter who we are playing. “The players have delighted the fans. Football and the people present tonight were the winners. “I congratulate the players because they were perfect.” — AFP IN BRIEF Blatter under fresh fire ahead of Fifa meet ZURICH: From corruption investigations in the United States and Switzerland to the sudden suspension of his right-hand man, International Federation of Association Football (Fifa) chief Sepp Blatter can expect a barrage of questions when he faces the media today. Blatter’s press conference, his first appearance since the removal of Fifa secretary-general Jerome Valcke, will follow a two-day executive committee meeting where the seemingly-endless scandals at world football’s sleaze-tainted governing body are on the agenda. Since the executive committee last met, much of the news surrounding Fifa has been less than positive. On Wednesday, the Swiss justice ministry approved the extradition to the United States of Rafael Esquivel, a Venezuelan ex-Fifa official who was among those arrested in a dawn raid in Zurich in May. — AFP ‘Angry’ McClaren demands Newcastle response LONDON: Newcastle United manager Steve McClaren challenged his players to bounce back against Chelsea tomorrow after they were bundled out of the League Cup by second-tier Sheffield on Wednesday. Lewis McGugan’s 76th-minute goal gave the Owls a shock 1-0 win on Wednesday at St James’ Park to set up a fourth-round home game with Arsenal. Newcastle have now won just once in eight games this season and with a chorus of boos having greeted the final whistle, new manager McClaren is under pressure to turn things around. — AFP Allegri fires warning as Juve stutter again MILAN: Juventus coach Massimiliano Allegri has fired a warning shot to the stuttering Turin giants after another league setback left the champions 10 points behind Serie A leaders Inter Milan. From the joy of reaching last season’s Champions League final and a first league and Cup double in 20 years, the Bianconeri have recently come back to earth with a bump. Juve have won just one of their five opening league games, and endured the ignominy of becoming the first team to award lowly Frosinone their first ever Serie A point when the league newcomers earned a late draw in Turin on Wednesday. — AFP M’sia emerge runners-up in Futsal Championship KUALA LUMPUR: The national women’s futsal squad have emerged as group A runners-up at the Asian Football Confederation Women’s Futsal Championship 2015 after losing 2-4 to Iran in the last group match at the Nilai Indoor Stadium in Negeri Sembilan on Wednesday night. The defeat however did not jeopardise the national squad’s chance as Malaysia have qualified for the semi-final following two consecutive wins earlier. — Bernama 30 live it! FR I DAY SEP TEM B ER 2 5 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY FR I WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE WEEKEND by numbers 25.09.15 to 27.09.15 Your quick guide to rest and relaxation. By Shalini Yeap 4 ways to celebrate the mid-autumn festival Be at Publika Shopping Gallery from 5pm onwards this Sunday, to watch dragon dance performances, participate in a lantern rally or shop at the bazaar — all part of their mid-autumn festival celebrations. Gather family and friends for the activities at Level G2, The Square, Solaris Dutamas, 1, Jalan Dutamas 1, Kuala Lumpur. Admission is free and the schedule of the festival can be found at www.facebook.com/ PublikaGallery. Join in the fun at the Thousand Lantern Parade tomorrow starting from 4pm till late at Sungei Wang Plaza. Lanterns will be given away for free before the parade is flagged off from the main entrance of the mall at Jalan Bukit Bintang, Kuala Lumpur. There will also be lion and dragon dance troupe performances accompanying the parade. More information is at www. sungeiwang.com. If you have yet to purchase any mooncakes this season, take your pick from the classic baked and mini snow skin mooncake options at Tao Chinese Cuisine, Intercontinental Kuala Lumpur. The handmade mooncakes are packed in vibrant butterfly motif gift boxes, with a 10% discount for bulk purchases of 51 to 100 boxes and a 15% discount for over 101 boxes for orders placed by this Sunday. Intercontinental Kuala Lumpur is located at 165 Jalan Ampang, Kuala Lumpur and the details of the promotion are at www.intercontinental-kl.com.my. Hilton Kuala Lumpur is offering high tea with an oriental twist for the mid-autumn festival. The “Savour the Mooncake HighTea” is presented in an exotic steel birdcage, and consists of a selection of moon cakes, savoury spring rolls and scones with homemade durian cream in place of clotted cream and jam. Priced at RM164 nett for two, the high tea is available all this weekend at The Lounge, lobby level of Hilton Kuala Lumpur, Jalan Stesen Sentral, Kuala Lumpur. Call (03) 2264 2596 for reservations. 2 shows to catch Beijing Opera Experience the traditional form of Beijing Opera combined with techniques of modern theatre to narrate the fleeting period of youth based on the legend of Faust who sells his soul to the Devil. Young Curtain follows the story of an actress, at the prime of her career, who meets a mysterious man who sells her a potion promising everlasting youth. Show times are 8.30pm today and tomorrow and 3pm and 8.30pm on Sunday at Auditorium DBKL, Menara DBKL 1, Jalan Raja Laut, Kuala Lumpur. Tickets priced at RM60 and RM80 can be purchased at www.diversecity.my. Short + Sweet Check out the biggest little festival in the world — Short + Sweet — made up of original works all under 10 minutes in length. Head over to Pentas 2, Kuala Lumpur Performing Arts Centre, Sentul Park, Jalan Strachan (off Jalan Sultan Azlan Shah — formerly known as Jalan Ipoh) Kuala Lumpur this weekend at 8.30pm to watch the performances in the musical genre. Tickets can be purchased from www.ticketpro.com.my at RM25 or RM35 each. Call (03) 4047 9000 or visit www.klpac.org for more. A G p f C J s i w 4 tea mn ghge, kes, meam the The pur, Call live it! 31 F R I DAY S E PT E MB E R 25, 2015 • T HEED G E FINA NCIA L DA ILY WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE 2 new pet cafes to check out Cat lovers can count their felines in when making plans for the weekend. Purradise Pet Cafe allows your cat to explore the grounds or play with other cats while you catch up with friends over a smoothie or fresh juice. The cafe is situated on the first floor of 24, Jalan Tun Mohd Fuad 2, Taman Tun Dr Ismail, Kuala Lumpur. Visit www.facebook. com/mypurradise or call (03) 2389 0976 for more. Have a cuppa with your furry friend close by at CuBs & CuPs, a dog-friendly cafe with a menu catering to the needs of your pets too. Expect a warm welcome from playful resident Huskies and Pomeranians at the cafe. CuBs & CuPs is located at Lot 22, Wisma Rapid, Jalan 30/70A, Desa Sri Hartamas, Kuala Lumpur Call (016) 689 1258 or (014) 639 5023 or log on to www. cubsncups.com for more details. 3 places to go to for pastry Yeast Bistronomy The next time you find yourself in the Bangsar Baru area, pop by Yeast Bistronomy for a meal or for a dose of their lovely pastries. The outlet also offers a range of freshly baked farmer’s bread, baguettes, croissants and brioches displayed at the entrance of the restaurant. Find them at 24G Jalan Telawi 2, Bangsar, Kuala Lumpur. Call (03) 2282 0118 or visit www.yeastbistronomy.com for more details. Bowery Petit Choose from the ample selection of sweets and savouries at Bowery Petit. This newly opened New York-inspired eatery offers bagel balls, pizzas, buns and a delicious range of Danish pastries. There are both indoor and outdoor seating areas if you wish to dine-in. Bowery Petit is situated at 48, Persiaran Zaaba, Taman Tun Dr Ismail, Kuala Lumpur. Call (03) 7710 0295 for more. Levain Boulangerie & Pâtisserie Make plans for weekend brunch or, if you would like to avoid the crowd, simply drop by to stock up on pastries at Levain Boulangerie & Pâtisserie, where you will be spoilt for choice with the assortment of French pastries available. Levain is located in a bungalow complete with parking space and an al fresco dining area at 7, Jalan Delima Off Jalan Imbi, Kuala Lumpur. Further information can be found at www. levain.com.my or by calling (03) 2142 6611. 3 jazz acts to groove to Az Samad Guitarist-composer-educator Az Samad, who has performed across the United States, Europe and Asia for the past 19 years, will be performing at Gaslight Cafe & Music at 8.30pm tonight. Swing by Unit 15-2, Jalan Medan Setia 1, Plaza Damansara, Bukit Damansara, Kuala Lumpur to be serenaded by his soothing jazzy strums. Further information is available at www.facebook.com/gaslightcafekl, or call (03) 2011 4047 for queries. Victoria Newton Victoria Newton will be at Alexis Bistro Ampang today and tomorrow. She has performed at the Perth International Jazz Festival, London International Jazz Festival and Ingolstadt Jazz Festival in Germany. Mark your calendar for dinner or drinks at Alexis Bistro Ampang, Great Eastern Mall, 303 Jalan Ampang, Kuala Lumpur from 10pm onwards. Visit www.alexis.com.my for further information and call (03) 4260 2288 for dinner reservations. John Thomas Trio Sway to the jazzy tunes of drummer John Thomas and friends at No Black Tie as he performs with Willy Rebano (keys), Patrick Terbrack (saxophone) and Ken Chung (bass). Thomas has performed at numerous jazz festivals including Arts Alive! Jazz Fest in South Africa and Jarasum International Jazz in South Korea. The show starts at 10pm tomorrow with a cover charge of RM50. No Black Tie is situated at 17 Jalan Mesui, off Jalan Nagasari, Kuala Lumpur. Visit noblacktie.com.my or call (03) 2142 3737 for more details. 32 live it! FR I DAY SEP TEM B ER 2 5 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE Zen TODAY Spassky (Schreiber) playing Fischer (Maguire) in the legendary 1972 World Chess Championship. THE AMERICAN CHESS HERO BY SU A N N QUA H Director: Edward Zwick Cast: Tobey Maguire, Peter Sarsgaard, Liev Schreiber, Michael Stuhlbarg Rating: 3.5 out of 5 Length: 116 minutes Opening: Now playing O n March 9, 1943, a baby boy named Robert James Fischer—better known as “Bobby”—was born in Chicago, and the world of chess was forever changed. From childhood, Fischer was beating chess masters around America, and at age 20, he became the 1963-64 US Chess Championship with the only perfect score in the history of the tournament. In an era when chess was dominated by Soviet players, the Americans became entranced by their very own prodigy — the poor boy from a single-parent family who rose to become a legend. Pawn Sacrifice, a gripping true story set in the height of the Cold War tells the tale of Fischer, played by Tobey Maguire and his struggle with being a “pawn” in the Americans’ fight against the Soviets in some of the most dangerous decades in history. Liev Schreiber plays Boris Spassky, the reigning Soviet chess world champion, whom Fischer regards as “the one to beat”. Fischer was not only famous in his day; he was a living legend. Crowds of photographers, journalists and fans would stalk and follow him around all day, and he was hailed as a hero for taking on the Soviets all on his own. Sadly, as is common, with genius comes great strife — Fischer was plagued by a myriad of mental illnesses throughout his life. The chess genius suffered from severe hallucinations and was constantly living in fear of being spied upon. Maguire plays his role to perfection, juxtaposing Fischer’s great intelligence and chess brilliance with his eccentricities and emotional outbursts. Even during scenes where no words are being spoken and only two people are sitting down in an intricate game of chess, one can see a host of emotions playing through Maguire’s eyes. Fischer’s real-life relationships were strained at best — his mother left him as a teenager, and he only had the company of his mentor, William Lombardy (Peter Sarsgaard) and lawyer, Paul Marshall (Michael Stuhlbarg) throughout most of his career. Pawn Sacrifice’s creators decided to focus the film on the game instead of Fischer’s relationships with those around him, which could at certain points, bore the audience. Long games of chess are played over and over, and while integral to the story, they also take away from the other plot lines that could have been better developed. For instance, we are never shown what becomes of Fischer’s difficult relationship with his mother, or if his sister ever came to his aid in the end. The story of Fischer’s legendary win against Spassky in 1972 is the stuff of legends — almost every American who had a television set in 1972 was enthralled by the matches played by the two greatest chess masters, so the writers could have decided to focus on Fischer’s mental state and relationships instead of the game itself. Pawn Sacrifice, however, still manages to be interesting enough that viewers would be strapped to their seats, wondering what will happen next. Unlike A Beautiful Mind, which gave us all a great insight into the world of those suffering from schizophrenia, Pawn Sacrifice does no such thing. So, we are left to wonder about the internal struggles that the real Bobby Fischer faced throughout his life, both when he was a much beloved darling of the nation and when he was a wanted man, fleeing from the American authorities. 4.98 People are governed with the head; kindness of heart is little use in chess. — Nicolas Chamfort 128.98 Markets 3 3 F R I DAY S E P T E MB E R 25, 2015 • T HEED G E FINA NCIA L DA I LY BURSA MAL AYSIA MAIN MARKET Bursa Malaysia YEAR HIGH Sectorial Movement INDICES CLOSE +/- %CHG KLSE COMPOSITE 1,613.17 KLSE INDUSTRIAL INDICES CLOSE +/- %CHG -22.20 -1.36 TECHNOLOGY 20.98 -0.08 3,098.41 -12.70 -0.41 FTSE BURSA 100 10,866.81 -140.72 CONSUMER PRODUCT 566.42 -0.16 -0.03 FTSE BURSA MID 70 12,200.86 -125.48 -1.02 INDUSTRIAL PRODUCT 135.26 -0.87 -0.64 FTSE BURSA SMALL CAP 14,739.11 -52.13 -0.35 CONSTRUCTION 263.17 -6.59 -2.44 FTSE BURSA FLEDGLING 14,683.32 -10.41 -0.07 TRADE & SERVICES 215.48 -2.30 -1.06 FTSE BURSA EMAS 11,153.03 -137.24 -1.22 14,011.56 -177.46 -1.25 FTSE BUR M’SIA ACE 5,537.48 -2.42 -0.04 KLSE FINANCIAL -0.38 -1.28 KLSE PROPERTY 1,158.04 -0.50 -0.04 FTSE BUR EMAS SHARIAH 11,786.18 -141.12 -1.18 KLSE PLANTATION 6,932.70 -61.76 -0.88 FTSE BUR HIJRAH SHARIAH 13,444.62 -187.89 -1.38 498.50 4.05 0.82 8,100.68 -192.85 -2.33 KLSE MINING FTSE/ASEAN 40 Bursa Malaysia Main Market YEAR HIGH YEAR LOW DAY HIGH CONSUMER PRODUCTS 0.745 0.550 — 4.334 2.995 3.950 6.590 4.930 6.300 0.600 0.220 — 5.014 4.050 4.800 3.700 1.400 — 4.390 3.080 3.500 71.775 56.740 61.500 0.145 0.045 0.060 0.220 0.015 — 1.221 0.680 0.730 1.280 0.708 1.000 0.595 0.340 0.520 0.445 0.230 — 13.732 9.825 11.860 0.975 0.720 — 2.970 1.708 2.740 0.620 0.400 0.620 3.110 0.980 1.760 0.120 0.050 0.055 2.630 1.263 2.500 1.360 1.056 1.220 0.120 0.065 0.115 0.080 0.040 0.050 1.111 0.757 — 48.000 39.447 47.200 0.185 0.065 0.080 0.170 0.085 — 0.285 0.165 0.205 0.290 0.170 0.230 2.266 1.750 — 0.277 0.167 0.210 1.000 0.620 0.705 18.891 14.956 18.480 0.830 0.475 — 1.714 0.934 — 0.580 0.300 — 0.957 0.595 — 14.980 11.750 13.520 1.220 0.720 0.870 2.822 2.070 2.210 1.130 0.930 — 0.175 0.040 0.070 7.099 3.717 5.750 1.180 0.415 0.985 0.552 0.304 0.445 3.500 2.650 3.000 1.377 0.724 1.250 0.590 0.340 0.370 3.161 1.341 2.090 1.070 0.596 0.965 1.170 0.385 0.700 3.680 1.766 3.200 2.830 1.284 — 0.545 0.095 0.155 0.935 0.450 0.695 2.744 1.800 — 1.500 0.920 1.010 0.155 0.075 — 7.500 3.014 7.090 4.300 2.287 4.300 0.285 0.130 0.155 0.405 0.150 0.285 7.250 2.210 6.980 0.925 0.550 0.755 2.388 1.187 1.560 4.800 2.364 4.470 0.255 0.080 0.095 1.888 1.160 1.330 1.330 0.860 — 1.417 1.046 1.220 5.357 4.620 — 0.250 0.065 0.105 1.595 1.100 1.200 73.817 63.743 72.800 2.735 2.201 — 0.245 0.080 0.090 0.445 0.212 0.250 0.810 0.592 0.750 1.603 0.583 1.550 7.863 6.355 7.000 1.777 1.252 1.400 22.219 16.951 20.600 0.747 0.577 — 0.315 0.200 0.210 0.630 0.275 — 1.350 0.755 — 0.375 0.165 0.195 0.595 0.352 0.455 3.290 1.085 3.270 15.974 13.212 15.300 0.622 0.463 — 2.730 0.929 2.370 1.560 0.990 1.140 2.476 1.258 2.340 4.255 3.031 4.080 1.710 1.000 — 2.800 1.295 — 0.585 0.365 0.475 0.700 0.340 — 0.700 0.320 0.640 1.660 0.685 1.470 3.270 1.465 2.460 0.080 0.040 0.045 2.190 1.710 1.900 0.864 0.730 — 0.659 0.365 0.450 0.680 0.280 0.320 0.740 0.450 0.500 4.527 2.262 2.500 0.701 0.355 0.470 2.220 1.060 1.430 1.625 1.250 — 0.628 0.445 0.540 0.625 0.350 0.480 11.856 7.602 7.830 1.796 1.337 1.550 0.588 0.408 0.545 0.195 0.084 0.130 0.670 0.220 0.500 0.690 0.327 0.510 2.214 1.220 1.670 0.365 0.190 0.200 1.170 0.766 0.915 3.490 1.165 2.430 2.348 1.390 1.530 INDUSTRIAL PRODUCTS 1.260 0.717 0.995 0.210 0.110 0.130 0.640 0.324 0.530 0.650 0.240 — 1.070 0.760 0.930 2.520 1.772 — * Volume Weighted Average Price DAY LOW — 3.900 6.200 — 4.720 — 3.500 60.880 0.055 — 0.695 0.980 0.465 — 11.800 — 2.710 0.620 1.710 0.055 2.450 1.200 0.110 0.045 — 47.200 0.070 — 0.195 0.225 — 0.205 0.705 18.300 — — — — 13.500 0.835 2.210 — 0.070 5.710 0.965 0.435 3.000 1.210 0.365 1.940 0.920 0.650 3.090 — 0.115 0.690 — 0.955 — 6.950 4.020 0.130 0.280 6.820 0.735 1.530 4.420 0.095 1.270 — 1.220 — 0.090 1.200 72.300 — 0.080 0.240 0.730 1.520 7.000 1.380 20.460 — 0.210 — — 0.185 0.435 3.180 15.020 — 2.300 1.140 2.270 4.010 — — 0.465 — 0.600 1.430 2.210 0.045 1.880 — 0.440 0.320 0.485 2.490 0.470 1.400 — 0.540 0.470 7.710 1.550 0.545 0.125 0.450 0.500 1.650 0.190 0.860 2.320 1.530 0.980 0.130 0.525 — 0.920 — CODE 7120 7090 2658 7051 6432 7722 7129 4162 7243 7193 9288 7174 7154 7128 2836 7035 7148 9423 2828 5188 7205 7202 5214 7179 7119 3026 7198 7182 5091 9091 7149 7208 7094 3689 9776 2755 8605 9172 3255 5102 5606 5606PA 5187 3301 5160 7213 7141 5024 8478 5107 7152 8931 5247 7216 8303 6203 7062 0002 5172 7006 9385 7943 8079 7089 7126 7085 7087 5189 3662 7935 5886 5202 5150 3921 4707 7060 7139 7215 5066 7107 4006 7052 3719 5022 9407 6068 5231 4081 5080 7088 4065 7190 8966 7134 7237 7084 9946 5252 5157 7180 7165 7412 7246 8532 7103 7186 7082 7211 7071 4405 7200 7252 9369 7230 7176 4588 7757 7203 5156 7121 5155 5584 7184 5159 7178 5131 0012 7086 7061 7131 7191 9148 COUNTER ACOSTEC AHEALTH AJI AMTEK APOLLO ASIABRN ASIAFLE BAT BIOOSMO BIOSIS BONIA CAB CAELY CAMRES CARLSBG CCK CCMDBIO CHEEWAH CIHLDG CNOUHUA COCOLND CSCENIC CSL DBE DEGEM DLADY DPS EKA EKOWOOD EMICO ENGKAH EURO EUROSP F&N FARMBES FCW FFHB FPI GAB GCB GOLDIS GOLDIS-PA HBGLOB HLIND HOMERIZ HOVID HUATLAI HUPSENG HWATAI IQGROUP JAYCORP JERASIA KAREX KAWAN KFM KHEESAN KHIND KOTRA KSTAR LATITUD LAYHONG LCHEONG LEESK LIIHEN LONBISC LTKM MAGNI MAXWELL MFLOUR MILUX MINTYE MSM MSPORTS MWE NESTLE NHFATT NICE NIHSIN NTPM OFI ORIENT PADINI PANAMY PAOS PARAGON PCCS PELIKAN PMCORP POHKONG POHUAT PPB PPG PRLEXUS PW PWROOT QL REX SASBADI SAUDEE SERNKOU SGB SHH SIGN SINOTOP SPRITZER SWSCAP SYF TAFI TAKASO TCHONG TEKSENG TEOSENG TGL TOMEI TPC UMW UPA WANGZNG XDL XIANLNG XINQUAN YEELEE YEN YOCB YSPSAH ZHULIAN 3A ABLEGRP ABRIC ACME ADVENTA ADVPKG CLOSING (RM) 0.590 3.950 6.280 0.230 4.730 1.460 3.500 61.500 0.055 0.020 0.720 1.000 0.520 0.330 11.840 0.770 2.740 0.620 1.710 0.055 2.500 1.210 0.110 0.050 0.880 47.200 0.080 0.145 0.205 0.230 1.990 0.210 0.705 18.420 0.550 1.060 0.430 0.690 13.500 0.835 2.210 0.990 0.070 5.740 0.970 0.440 3.000 1.230 0.365 2.070 0.935 0.690 3.190 2.380 0.145 0.695 2.000 1.010 0.075 7.090 4.300 0.155 0.280 6.930 0.735 1.530 4.440 0.095 1.320 0.915 1.220 4.900 0.100 1.200 72.740 2.300 0.090 0.240 0.740 1.550 7.000 1.390 20.600 0.670 0.210 0.415 0.920 0.195 0.440 3.230 15.200 0.470 2.340 1.140 2.310 4.010 1.500 2.560 0.470 0.645 0.640 1.470 2.400 0.045 1.900 0.770 0.440 0.320 0.500 2.500 0.470 1.420 1.250 0.540 0.480 7.770 1.550 0.545 0.125 0.500 0.510 1.670 0.190 0.910 2.370 1.530 0.995 0.130 0.525 0.320 0.930 1.990 +/– (RM) VOL (‘000) VWAP* (RM) PE# (X) DY (%) MKT CAP (MIL) — — 0.050 5 0.040 33.1 — — -0.130 15 — — UNCH 6.5 0.100 275.1 -0.005 440.4 — — 0.020 4582.2 UNCH 29 -0.010 5.2 — — UNCH 22.8 — — -0.030 19 0.005 8 -0.050 10.2 UNCH 35 -0.040 5.1 0.010 44.2 -0.005 2190.8 UNCH 35 — — UNCH 1.5 0.010 105.1 — — 0.015 132.6 0.005 174.6 — — UNCH 286.1 UNCH 7 0.060 11.5 — — — — — — — — UNCH 92.6 -0.015 2.8 UNCH 120.6 — — UNCH 275 0.020 367.2 -0.005 617 -0.005 933.5 UNCH 5 -0.020 397.3 -0.025 25 0.110 460.4 0.020 375 0.005 108.6 0.110 991.4 — — 0.035 851.4 -0.005 195.5 — — UNCH 7.7 — — -0.020 66.8 0.100 301.6 UNCH 1.5 -0.005 528.7 UNCH 55.1 -0.020 10 -0.030 27.5 -0.030 69.1 UNCH 200 0.070 253.6 — — UNCH 1.6 — — 0.005 24300.5 0.070 5.5 0.440 2.8 — — UNCH 228 -0.010 529.9 -0.010 25 0.020 107 UNCH 183.7 UNCH 230.8 0.140 11.5 — — UNCH 11.8 — — — — 0.005 823.1 0.005 68 -0.020 360 -0.020 802.2 — — 0.050 193.1 UNCH 20 -0.030 451.5 -0.080 19.5 — — — — 0.005 257.6 — — UNCH 130.1 0.020 26.8 0.060 1506.2 -0.005 280 -0.050 15.4 — — -0.010 680.6 -0.005 5 0.015 108.9 -0.080 5 -0.005 1 0.010 423.9 — — UNCH 30 0.010 15 0.010 2423.8 -0.040 2 0.040 8 -0.005 4047.1 0.010 188.1 0.010 817.1 -0.010 31.6 -0.010 40 0.040 812.7 -0.020 150.1 UNCH 0.6 — 0.000 4.604 — 5.640 — 4.239 62.855 0.176 — 3.399 0.575 0.433 — 12.303 — 2.599 0.000 0.000 0.080 2.192 1.110 0.199 0.070 — 48.592 0.095 — 0.245 1.000 — 0.340 0.000 18.260 — — — — 16.231 1.388 1.980 — 0.166 5.229 0.567 0.340 0.000 6.066 0.390 0.544 0.585 0.000 3.250 — 0.335 0.503 — 0.850 — 1.553 0.000 0.000 0.000 1.650 0.696 2.636 2.282 0.292 1.465 — 1.388 — 0.174 1.714 68.567 — 0.135 0.156 0.704 2.311 8.629 1.769 22.684 — 0.000 — — 0.258 0.464 0.837 14.816 — 1.000 0.711 1.828 4.165 — — 0.229 — 0.000 0.000 1.371 0.066 1.802 — 0.000 0.300 0.268 6.522 0.000 0.600 — 0.657 0.369 12.391 1.330 0.000 0.329 0.230 0.830 1.310 0.269 0.871 1.336 4.939 310.53 14.48 12.01 — 12.30 — 12.09 19.80 — — 12.52 9.85 13.68 9.43 18.27 13.46 14.20 9.01 22.62 — 14.48 14.86 1.74 — 7.10 23.55 22.86 — — 5.13 29.66 53.85 — 23.58 — 107.07 14.29 36.32 19.04 — 10.67 — — 10.22 13.16 15.88 4.62 21.10 — 8.95 16.20 5.70 33.37 18.45 — 12.21 9.14 126.25 — 8.64 11.04 — 10.04 11.25 9.14 7.69 8.35 3.41 14.46 — 22.39 12.00 4.05 18.90 30.45 12.76 — 57.14 16.93 15.27 13.37 11.41 11.62 46.53 — — — 51.32 13.21 10.03 17.64 12.37 11.71 8.06 14.59 26.19 555.56 22.52 — 35.83 — 11.16 7.96 75.00 11.49 — 11.86 45.71 — 31.93 16.10 8.52 11.16 — 7.91 17.87 7.66 6.31 9.40 50.00 1.12 13.07 — 7.80 13.80 15.53 — 2.78 3.18 — 5.29 0.34 4.29 5.07 — — 1.74 — 1.92 — 6.00 2.60 5.38 — — — 2.00 6.61 — — 1.70 2.12 — — — — 3.27 — — 2.99 — 4.72 — 4.35 4.78 — 0.90 — — 5.05 4.36 2.27 — 2.85 — 3.86 3.74 — — 0.84 — — 5.00 — — — — — — 2.96 — 3.81 1.80 — 4.17 — 2.46 4.90 — 1.11 3.30 4.35 — 2.08 0.99 2.26 1.71 7.19 2.43 3.73 — — — — 2.27 3.41 1.58 4.26 1.18 7.02 3.03 1.06 — 1.17 — — — 1.36 1.67 — 2.11 1.30 — — — 2.00 2.13 2.35 6.00 1.85 — 5.28 5.16 4.59 — — 3.92 1.80 — 4.40 2.74 4.58 104.9 462.7 381.8 11.5 378.4 115.5 668.0 17,560.1 27.4 2.1 580.5 150.6 41.6 64.0 3,647.6 121.4 764.3 26.1 277.0 36.7 429.0 145.8 136.7 33.7 117.9 3,020.8 47.0 45.2 34.4 22.1 140.8 51.0 31.3 6,753.6 33.6 265.0 35.6 170.7 4,078.3 399.6 1,349.2 451.2 32.8 1,882.2 291.0 346.5 259.8 984.0 27.3 182.2 128.3 56.6 2,131.7 484.6 9.9 62.0 80.1 133.6 20.0 689.2 221.1 10.2 47.0 415.8 137.1 199.1 481.7 38.0 710.5 49.8 74.2 3,444.6 51.8 277.9 17,057.5 172.9 25.1 56.8 831.2 372.0 4,342.8 914.5 1,251.4 80.9 14.7 24.9 509.0 150.8 180.6 366.2 18,019.6 47.0 271.2 86.1 701.7 5,004.6 92.5 325.1 42.3 77.4 66.9 73.5 288.0 88.9 270.1 97.4 268.9 25.6 102.8 1,680.0 117.8 426.0 50.9 74.8 38.4 9,077.6 123.4 87.2 168.5 36.4 172.4 305.5 23.8 145.6 318.8 703.8 0.893 0.142 0.280 — 1.061 — 19.66 76.47 — 10.00 33.94 14.36 1.41 — — — — 5.03 391.6 34.3 73.8 69.9 142.1 40.8 UNCH UNCH -0.005 — -0.005 — 264.5 320 81 — 10.1 — # PE is calculated based on latest 12 months reported Earnings Per Share YEAR LOW DAY HIGH DAY LOW 0.231 0.115 — — 0.560 0.325 — — 0.400 0.265 — — 2.820 1.928 2.600 2.560 1.120 0.200 — — 0.816 0.572 0.670 0.670 0.616 0.335 0.360 0.360 1.317 0.710 0.760 0.750 1.300 0.942 1.150 1.150 5.743 3.924 4.020 4.020 0.716 0.400 — — 0.880 0.560 0.640 0.640 0.215 0.100 0.120 0.120 0.945 0.480 — — 2.600 1.600 2.120 2.050 0.935 0.285 0.350 0.340 0.150 0.090 0.095 0.095 1.758 0.980 1.110 1.070 2.500 2.000 2.400 2.400 1.220 0.673 1.190 1.160 0.670 0.320 0.370 0.365 0.315 0.175 0.205 0.205 0.455 0.115 0.345 0.300 2.893 1.902 2.380 2.340 0.286 0.109 0.120 0.115 2.419 1.630 1.800 1.750 1.109 0.823 0.930 0.915 1.544 1.004 1.330 1.300 1.860 1.380 — — 1.600 1.140 1.420 1.420 1.740 1.300 1.430 1.400 1.774 1.400 1.530 1.530 1.230 0.836 — — 0.110 0.055 0.070 0.065 5.977 3.243 5.250 5.180 1.290 0.200 — — 4.835 1.593 1.910 1.860 0.405 0.150 0.275 0.265 0.945 0.600 0.750 0.730 1.126 0.880 0.940 0.940 0.790 0.491 0.770 0.745 0.440 0.275 0.300 0.300 4.551 3.962 4.330 4.290 0.475 0.180 0.315 0.305 0.575 0.265 0.435 0.435 0.405 0.250 — — 0.430 0.340 — — 0.920 0.660 0.800 0.785 1.562 0.929 1.170 1.150 2.181 1.164 1.360 1.330 0.450 0.220 0.320 0.310 0.880 0.455 0.620 0.595 1.610 1.000 1.170 1.170 0.340 0.190 — — 0.903 0.600 0.685 0.630 2.070 0.475 1.900 1.860 1.083 0.427 0.715 0.690 1.363 0.945 — — 3.245 2.189 2.450 2.450 0.605 0.355 — — 2.904 2.020 2.330 2.330 1.810 0.976 1.810 1.720 2.239 1.243 — — 1.070 0.455 0.945 0.910 0.105 0.040 0.050 0.045 0.655 0.205 0.250 0.240 0.135 0.064 — — 0.725 0.285 0.330 0.310 0.475 0.180 — — 0.145 0.070 0.090 0.085 1.320 0.883 0.950 0.945 0.905 0.320 0.550 0.515 4.503 3.226 4.400 4.340 0.255 0.165 0.175 0.175 3.570 2.650 — — 1.250 0.356 1.190 1.170 0.955 0.625 0.850 0.835 0.812 0.230 0.275 0.275 1.510 0.620 0.690 0.650 1.360 0.755 — — 1.040 0.530 0.785 0.725 0.440 0.310 — — 0.155 0.050 0.055 0.055 5.307 2.986 3.320 3.300 0.205 0.065 0.075 0.070 0.970 0.760 — — 1.950 1.170 1.580 1.550 0.530 0.250 0.275 0.275 0.139 0.045 — — 0.265 0.135 0.145 0.145 0.460 0.150 — — 1.280 0.920 — — 1.606 1.210 1.580 1.550 2.167 1.060 1.230 1.210 0.340 0.145 0.180 0.170 0.504 0.360 — — 0.710 0.430 — — 3.220 2.730 3.110 3.090 2.260 1.031 1.960 1.900 0.270 0.110 0.130 0.130 2.290 1.174 1.550 1.520 0.917 0.379 0.500 0.480 1.260 0.902 1.100 1.070 0.660 0.355 0.420 0.380 7.500 4.142 7.290 7.210 0.600 0.250 — — 6.256 4.320 4.950 4.800 0.779 0.330 — — 0.800 0.420 — — 10.612 8.306 9.100 8.970 0.807 0.400 0.505 0.495 0.699 0.213 0.650 0.635 0.620 0.420 0.430 0.425 0.225 0.110 0.135 0.125 0.080 0.030 0.040 0.040 0.139 0.070 — — 0.665 0.220 0.305 0.295 0.340 0.180 — — 0.120 0.065 0.085 0.080 4.250 2.648 3.410 3.400 1.036 0.330 0.385 0.370 0.884 0.510 — — 0.480 0.320 0.400 0.360 0.900 0.660 0.720 0.710 0.440 0.190 — — 1.010 0.515 — — 1.470 1.091 — — 0.985 0.105 — — 2.100 1.640 — — 1.220 0.355 0.960 0.935 0.175 0.060 0.070 0.065 1.920 0.700 1.190 1.170 0.700 0.300 — — 3.330 2.090 — — 2.354 1.040 1.190 1.170 1.626 0.855 — — 0.410 0.210 0.280 0.280 1.160 0.120 — — 0.160 0.100 — — 0.705 0.470 0.530 0.520 0.180 0.045 — — 1.080 0.515 0.845 0.835 1.404 0.848 0.925 0.920 0.135 0.050 0.060 0.060 6.547 4.519 6.110 5.970 0.609 0.375 0.540 0.515 4.674 3.448 4.390 4.370 0.330 0.045 0.155 0.145 23.670 20.194 22.100 21.660 3.230 2.300 3.010 2.990 7.030 5.007 6.500 6.500 1.506 0.781 — — 3.489 1.400 2.200 2.080 1.090 0.900 1.010 1.000 0.510 0.335 — — 0.920 0.535 0.775 0.770 0.380 0.290 0.365 0.360 0.610 0.384 — — 0.876 0.450 0.635 0.625 0.280 0.110 0.130 0.125 1.800 1.130 — — 0.790 0.620 — — 6.250 4.960 6.250 6.200 0.370 0.240 0.245 0.245 0.850 0.548 0.715 0.710 CODE 7146 5198 2682 7609 9954 2674 4758 6556 5568 5015 7214 7162 7070 7181 8133 7005 7187 0168 6297 5100 9938 7221 7188 5105 5229 7076 2879 7171 8435 8044 5007 5797 8052 7018 2852 7986 5071 7195 2127 5094 7157 5082 8125 8176 7114 5835 5835PA 5265 7169 1619 7233 8907 9016 7217 7773 5101 7249 2984 7229 0149 3107 5197 3611 7197 5220 7192 7096 5649 0136 7077 3247 5151 5168 9342 7105 5095 3298 5072 5199 7033 8443 5165 2739 5000 9601 9687 7222 7183 7223 8648 2747 7043 7167 4383 0054 7199 6211 3522 5371 5060 9466 7164 6971 7017 7153 7130 3476 5192 8362 3794 9326 5092 5232 8745 3581 2887 4235 9881 5068 9199 5098 7029 8095 5152 3778 5223 8192 7059 6149 5001 7219 5576 7595 5916 3883 7004 5087 7002 5025 4944 7109 7140 5065 7225 5183 9997 5436 5146 6033 3042 7095 7172 8869 6637 8117 8273 9458 9873 7168 7123 7544 7498 7765 7232 7803 COUNTER AEM AFUJIYA AISB AJIYA AKNIGHT ALCOM ANCOM ANNJOO APB APM ARANK ASTINO ASUPREM ATURMJU BHIC BIG BKOON BOILERM BOXPAK BPPLAS BRIGHT BSLCORP BTM CANONE CAP CBIP CCM CENBOND CEPCO CFM CHINWEL CHOOBEE CICB CME CMSB CNASIA COASTAL COMCORP COMFORT CSCSTEL CYL CYMAO DAIBOCI DENKO DNONCE DOLMITE DOLMITE-PA DOLPHIN DOMINAN DRBHCOM DUFU EG EKSONS EMETALL EPMB EVERGRN EWEIN FACBIND FAVCO FIBON FIMACOR FLBHD GBH GESHEN GLOTEC GOODWAY GPA GPHAROS GREENYB GSB GUH HALEX HARTA HARVEST HCK HEVEA HEXZA HIAPTEK HIBISCS HIGHTEC HIL HOKHENG HUAAN HUMEIND HWGB IDEALUBB IMASPRO IRETEX JADI JASKITA JAVA JMR JOHOTIN JTIASA KARYON KEINHIN KIALIM KIANJOO KIMHIN KINSTEL KKB KNM KOBAY KOMARK KOSSAN KPOWER KSENG KSSC KYM LAFMSIA LBALUM LCTH LEONFB LEWEKO LIONCOR LIONDIV LIONIND LSTEEL LUSTER LYSAGHT MASTEEL MASTER MAYPAK MBL MELEWAR MENTIGA MERCURY METALR METROD MIECO MINETEC MINHO MLGLOBAL MSC MUDA MULTICO MYCRON NAKA NWP NYLEX OCTAGON OKA ORNA PA PCHEM PENSONI PERSTIM PERWAJA PETGAS PETRONM PIE PMBTECH PMETAL PNEPCB POLY PPHB PREMIER PRESTAR PRG PWORTH QUALITY RALCO RAPID RESINTC RUBEREX CLOSING (RM) 0.120 0.370 0.300 2.600 0.410 0.670 0.360 0.760 1.150 4.020 0.455 0.640 0.120 0.590 2.120 0.350 0.095 1.110 2.400 1.190 0.370 0.205 0.320 2.340 0.115 1.800 0.930 1.330 1.450 1.420 1.410 1.530 0.900 0.065 5.220 0.300 1.880 0.270 0.735 0.940 0.745 0.300 4.330 0.315 0.435 0.280 0.430 0.790 1.160 1.340 0.320 0.620 1.170 0.265 0.685 1.890 0.715 0.970 2.450 0.385 2.330 1.800 1.410 0.920 0.045 0.250 0.085 0.330 0.205 0.090 0.945 0.530 4.370 0.175 3.050 1.190 0.835 0.275 0.685 0.950 0.725 0.400 0.055 3.310 0.070 0.795 1.580 0.275 0.060 0.145 0.190 1.140 1.560 1.230 0.180 0.445 0.490 3.110 1.950 0.130 1.520 0.485 1.070 0.390 7.290 0.470 4.900 0.410 0.500 8.990 0.505 0.635 0.430 0.135 0.040 0.075 0.300 0.190 0.085 3.400 0.385 0.620 0.400 0.710 0.230 0.520 1.110 0.200 2.100 0.960 0.070 1.180 0.365 2.300 1.170 0.920 0.280 0.125 0.120 0.520 0.070 0.835 0.925 0.060 6.020 0.535 4.390 0.145 21.720 3.000 6.500 0.955 2.090 1.000 0.380 0.770 0.360 0.425 0.625 0.130 1.500 0.750 6.250 0.245 0.715 +/– (RM) VOL (‘000) VWAP* (RM) PE# (X) DY (%) — — — — — — 0.050 19 — — UNCH 10 UNCH 15 -0.010 92 UNCH 10 UNCH 0.5 — — 0.015 37.1 -0.005 1019.1 — — 0.030 64.9 UNCH 5.1 UNCH 30 0.020 84.4 -0.050 3 0.010 238.9 UNCH 124.3 UNCH 10 0.020 7706.4 -0.060 114 -0.005 10920.7 0.020 143.6 0.010 38.5 0.030 20.9 — — -0.080 10 -0.010 145.2 -0.030 2.8 — — UNCH 1021.5 0.020 539.3 — — -0.030 790 UNCH 540 -0.015 631.8 -0.010 60 -0.015 133 -0.010 6 0.040 47.5 -0.005 203.2 UNCH 97.5 — — — — -0.010 297 -0.010 99 0.010 1405.7 0.005 512.1 0.015 412.3 0.030 8.4 — — 0.005 16 0.010 1156.3 0.015 192 — — UNCH 24 — — 0.010 5.4 0.060 1427.5 — — 0.010 1152.6 UNCH 2583.2 -0.020 1.5 — — 0.010 17 — — -0.005 601.8 -0.005 62.5 -0.020 554.1 0.020 589.4 UNCH 3 — — -0.020 1539.5 -0.015 55.5 -0.010 20 UNCH 4331.5 — — -0.050 12.4 — — UNCH 0.7 UNCH 30.3 -0.005 400 — — UNCH 30 UNCH 10 — — UNCH 460 — — — — UNCH 86.5 0.010 623.2 UNCH 89 — — — — 0.010 51.8 0.030 126.3 UNCH 1682 -0.020 125.3 -0.010 41382.3 -0.020 2.7 -0.045 291.9 0.050 344.5 — — -0.020 26.3 — — — — UNCH 2316.7 0.005 32.8 -0.005 1694.3 UNCH 126.9 0.005 194.8 -0.005 65 — — -0.005 376.3 — — 0.005 2109.3 -0.020 12 0.010 349.5 — — 0.040 10 -0.085 44 — — — — — — — — — — 0.015 1456.8 0.005 1500.2 0.010 904.1 — — — — -0.020 21 — — UNCH 10 — — — — -0.005 13 — — -0.010 11 0.005 10 -0.005 150 -0.100 3493 0.010 622.5 0.020 15.4 -0.005 316 -0.160 946.3 -0.020 67.1 UNCH 42.5 — — -0.110 2408.8 -0.070 6 — — -0.005 31 -0.010 147.7 — — -0.015 253 UNCH 268 — — — — UNCH 260.5 -0.005 8 -0.020 20 — — — 2.206 — 1.000 0.373 1.137 0.000 5.870 — 1.193 0.185 — 2.741 0.360 0.155 2.483 2.405 0.647 1.342 0.000 0.210 3.629 0.370 3.176 1.051 1.631 — 0.900 1.354 1.600 — 0.060 5.900 — 3.192 0.000 0.414 1.299 0.000 0.371 4.042 0.300 0.000 — — 0.000 0.951 2.568 0.195 0.336 1.267 — 0.000 0.474 1.002 — 3.009 — 6.469 1.001 — 0.240 0.055 0.000 — 0.345 — 0.090 1.002 0.000 7.383 0.219 — 0.911 0.672 0.719 2.033 — 0.000 — 0.142 1.233 0.211 — 0.000 1.655 — 0.150 — — 1.762 2.390 0.359 — — 3.204 1.250 0.155 2.679 0.430 0.000 0.605 3.703 — 7.467 — — 9.834 0.530 0.221 0.474 0.175 0.095 — 0.761 — 0.091 0.000 1.078 — 0.483 1.019 — — — — — 0.335 0.165 0.000 — — 0.911 — 0.389 — — 0.530 — 0.912 0.747 0.145 6.740 0.558 3.869 0.127 23.904 3.040 6.873 — 2.358 0.409 — 1.000 0.368 — 0.000 0.236 — — 3.770 0.280 0.766 41.38 30.08 — 10.10 — — 36.73 760.00 10.23 9.41 5.85 8.71 — — 22.41 — — 17.08 11.76 19.10 — — — 4.60 2.21 11.04 — 10.58 24.13 — 8.83 11.88 — 13.83 25.45 — 5.21 29.67 25.88 93.07 12.87 — 20.23 11.71 3.14 9.52 — 3.26 8.34 15.01 5.81 1.80 4.24 — 8.10 14.18 43.07 16.44 6.03 10.29 7.95 9.40 3.48 7.87 — — — — 18.47 — 13.48 24.42 32.35 — 16.74 10.31 11.93 85.94 — 5.36 9.34 34.19 — 27.91 — — 12.63 — — 14.50 — 178.13 7.73 34.55 10.29 11.56 3.85 10.07 10.41 1.46 9.12 13.55 6.74 — 27.90 — 10.59 11.88 — 31.46 9.51 13.57 5.22 — — — — — — 8.33 — 7.58 — 13.47 — 9.45 8.92 — 14.97 7.20 — 8.47 1.69 — 22.37 24.40 11.24 — — 13.58 — 8.26 7.94 — 20.57 3.95 9.44 — 19.03 10.95 12.23 11.07 12.09 769.23 12.71 6.44 138.46 7.70 17.76 23.21 — 11.40 — 5.95 15.82 — — — 0.77 — 7.46 — 3.95 5.65 4.85 4.95 4.55 — — — — — 1.58 — 5.04 — — — 2.14 — 3.33 2.69 4.51 — — 4.14 3.92 1.94 — 1.63 — 3.09 — — 3.19 6.71 — 3.12 — — — — — 3.56 4.48 — — — — 5.84 — 0.70 2.89 4.90 2.86 4.29 5.00 10.64 — — — — — 5.37 — 5.29 — 1.49 — — 0.95 4.79 2.18 — 3.68 2.07 — — 0.91 — — 2.22 — — 2.07 — 2.63 2.24 1.22 2.22 2.25 — — 3.08 — 2.63 — 2.80 — 1.10 — 2.04 4.88 — 3.56 3.96 0.79 6.98 — — — — — — — 1.69 4.03 — 4.23 — — 5.41 — 2.86 — — — — — 2.56 8.70 — — — 5.77 — 3.59 2.70 — 2.66 4.67 7.97 — 1.98 — 1.85 4.19 5.02 — — — — 4.71 1.60 — — — — — 2.10 MKT CAP (MIL) 21.9 66.6 39.6 180.0 23.8 90.0 78.8 397.3 129.8 810.4 54.6 175.4 35.0 36.0 526.7 16.8 26.3 572.8 144.1 223.3 60.8 20.1 39.9 449.6 133.6 968.8 425.6 159.6 64.9 58.2 422.3 168.2 41.2 28.7 5,608.2 13.6 999.4 37.8 328.1 357.2 74.5 22.5 493.0 32.9 19.6 73.8 5.3 175.4 191.4 2,590.5 56.2 47.8 192.1 45.4 113.7 969.6 150.8 82.6 536.3 37.7 571.5 185.8 263.1 73.6 242.2 27.6 83.3 44.4 68.4 39.6 262.6 56.2 7,170.6 49.1 169.1 500.1 167.3 197.6 671.9 38.6 202.1 32.0 61.7 1,585.8 42.1 55.8 126.4 36.4 56.5 65.2 32.9 144.5 145.6 1,197.7 85.6 44.1 30.3 1,381.4 303.5 136.4 391.8 951.7 72.8 48.6 4,661.7 26.5 1,771.2 39.4 74.9 7,638.8 125.5 228.6 133.3 43.5 52.6 104.4 215.4 24.3 147.2 141.4 94.1 33.9 16.8 65.3 52.2 36.4 44.6 9.6 252.0 201.6 46.6 129.6 32.7 230.0 356.9 40.9 79.4 6.9 38.4 101.1 11.9 130.0 69.6 56.8 48,160.0 69.4 435.9 81.2 42,978.1 810.0 499.3 76.4 2,714.6 65.7 60.8 84.6 121.3 77.4 90.7 62.7 86.9 31.5 546.5 33.6 163.9 34 Markets FR I DAY SEP TEM B ER 2 5 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY FR I BURSA MAL AYSIA MAIN MARKET YEAR HIGH YEAR LOW DAY HIGH DAY LOW 4.838 3.154 — — 5.750 2.170 5.250 5.200 1.425 0.800 0.825 0.825 1.553 1.130 1.370 1.320 2.610 0.977 2.610 2.530 1.230 0.700 0.790 0.785 7.620 6.348 7.090 7.000 1.050 0.280 0.340 0.330 0.455 0.235 0.250 0.240 1.137 0.526 0.635 0.630 0.515 0.250 0.325 0.305 0.780 0.370 — — 6.000 4.400 6.000 5.800 0.688 0.365 — — 0.850 0.440 — — 1.580 0.560 1.350 1.330 1.730 0.478 1.730 1.670 0.845 0.581 0.795 0.725 1.005 0.540 — — 1.508 0.730 — — 0.606 0.200 0.255 0.250 2.281 1.500 — — 1.979 1.300 1.360 1.320 1.680 0.521 1.450 1.450 2.670 1.539 2.040 2.010 3.884 3.115 3.720 3.640 0.450 0.240 0.275 0.270 1.160 0.370 0.500 0.495 15.886 14.020 14.900 14.820 15.723 13.194 — — 0.260 0.080 — — 0.540 0.215 — — 1.500 0.700 — — 1.450 0.685 1.450 1.120 0.420 0.220 0.250 0.240 2.390 1.650 1.780 1.730 2.201 1.600 1.700 1.700 0.895 0.640 — — 2.060 1.146 2.050 1.990 2.300 1.660 1.780 1.750 8.550 4.078 8.000 7.640 0.773 0.530 — — 0.250 0.140 — — 1.696 1.208 1.600 1.580 4.438 1.370 4.050 3.950 0.971 0.641 0.730 0.730 0.945 0.530 — — 1.440 0.396 1.440 1.410 1.757 1.127 1.230 1.220 0.445 0.260 — — 1.780 1.200 1.680 1.550 2.257 1.318 2.130 2.090 0.700 0.470 0.545 0.525 0.650 0.420 — — 2.460 1.880 2.190 2.150 1.324 0.895 0.990 0.960 2.640 1.110 1.270 1.240 1.363 0.800 0.870 0.840 0.360 0.170 0.205 0.200 0.880 0.535 0.705 0.705 CONSTRUCTION 0.530 0.260 — — 0.762 0.505 0.635 0.630 1.463 0.540 0.670 0.665 0.935 0.510 0.580 0.570 0.698 0.330 0.440 0.420 1.294 0.860 0.940 0.930 1.476 0.950 1.020 0.980 1.879 1.475 — — 1.168 0.702 0.920 0.900 1.238 0.850 0.930 0.930 0.522 0.340 0.430 0.425 1.807 0.943 — — 1.717 1.130 1.300 1.270 5.293 3.770 4.620 4.420 1.863 0.800 0.895 0.880 1.540 0.780 0.940 0.895 1.478 1.114 — — 1.490 1.180 — — 1.947 1.593 1.800 1.740 3.685 2.870 3.370 3.250 0.905 0.530 — — 1.180 0.375 1.110 1.080 0.555 0.300 — — 1.220 0.740 0.830 0.810 1.505 1.050 1.190 1.180 1.500 1.060 — — 1.440 0.860 0.910 0.910 0.550 0.305 — — 1.336 0.508 1.050 1.020 0.415 0.190 — — 2.160 0.840 1.040 1.020 3.082 1.478 2.010 1.980 1.009 0.450 0.470 0.465 1.695 1.220 — — 2.043 1.219 1.700 1.580 0.260 0.115 0.130 0.130 4.685 3.000 3.350 3.300 1.050 0.477 0.790 0.770 1.320 0.980 1.190 1.160 0.530 0.300 0.380 0.365 0.535 0.265 0.340 0.335 1.520 0.845 1.520 1.350 1.064 0.490 0.550 0.550 2.031 1.083 1.360 1.320 1.100 0.560 0.570 0.560 0.410 0.225 0.260 0.250 TRADING SERVICES 0.670 0.150 0.220 0.210 0.781 0.315 0.420 0.400 3.792 2.600 2.810 2.800 0.250 0.120 0.175 0.170 2.900 0.765 1.370 1.320 7.248 4.220 5.380 5.220 1.370 0.365 0.495 0.485 0.085 0.020 0.025 0.020 11.312 9.590 10.200 10.000 1.869 1.540 1.660 1.660 0.240 0.090 0.235 0.225 1.918 0.765 0.935 0.905 0.225 0.105 0.120 0.120 3.376 2.730 2.910 2.770 4.896 4.450 — — 0.495 0.270 0.360 0.350 7.132 5.590 6.000 5.890 0.322 0.210 0.265 0.230 1.429 0.705 0.930 0.925 0.794 0.375 0.410 0.400 0.450 0.193 0.275 0.250 7.097 6.364 6.400 6.400 2.927 1.890 2.100 2.060 0.591 0.345 0.365 0.355 3.218 1.960 2.200 2.140 0.869 0.630 — — 0.615 0.330 0.440 0.425 3.584 2.950 3.100 3.050 0.990 0.475 0.610 0.605 1.610 0.555 0.640 0.625 4.906 3.722 3.900 3.840 1.207 0.740 0.760 0.760 1.890 1.000 1.860 1.840 3.640 1.850 2.740 2.630 1.112 0.505 0.830 0.800 0.622 0.340 — — 0.736 0.420 — — 0.120 0.060 0.070 0.070 1.040 0.650 — — 0.075 0.040 0.045 0.045 2.650 1.390 1.720 1.700 0.305 0.085 0.100 0.095 3.442 1.450 1.810 1.720 2.240 0.953 1.170 1.140 0.685 0.460 0.600 0.585 1.815 1.183 1.600 1.580 6.751 3.530 4.180 4.110 1.762 0.986 1.400 1.310 0.450 0.275 0.320 0.290 1.500 0.441 1.070 1.040 0.470 0.245 — — 0.325 0.195 — — 3.817 1.949 3.370 3.160 0.425 0.190 0.225 0.220 1.201 0.861 — — 1.451 1.062 — — 0.860 0.450 — — * Volume Weighted Average Price CODE COUNTER CLOSING (RM) +/– (RM) VOL (‘000) VWAP* (RM) PE# (X) DY (%) MKT CAP (MIL) YEAR HIGH 1.413 2.430 0.960 1.735 0.340 0.450 3.375 1.840 4.655 9.774 1.570 0.568 2.555 0.070 0.460 5.620 2.980 3.879 0.050 1.670 6.450 0.910 1.630 0.430 2.775 0.670 0.450 2.103 0.476 1.944 4.389 1.741 0.575 0.505 0.585 0.285 0.970 1.380 2.909 1.879 0.215 7.144 1.684 3.457 2.112 0.882 1.180 2.678 3.140 9.296 2.754 0.670 0.125 0.355 0.480 3.070 1.160 4.520 0.140 1.007 1.003 1.876 0.220 2.990 0.501 1.030 2.735 1.443 0.335 2.918 1.827 1.320 0.300 5.950 22.800 0.250 7.372 0.270 0.430 5.116 2.713 3.345 0.200 0.405 0.921 0.732 0.660 0.225 2.311 0.415 0.885 1.240 1.470 1.810 9.599 0.933 4.150 1.860 2.527 3.500 0.460 2.642 0.225 0.610 4.060 4.500 16.839 1.729 0.585 0.850 7.526 0.750 1.390 0.560 3.056 1.321 2.943 3.893 1.718 0.750 3.753 0.505 3.243 0.550 4.610 1.460 0.130 3.455 1.052 1.790 FINANCE 15.741 3.257 4.857 13.200 13.400 6.582 1.970 4.290 8.811 7.089 1.560 1.409 14.820 13.880 18.015 2.150 1.236 0.900 0.235 2.650 0.764 15.088 0.773 3.350 9.749 2.540 4.630 2.740 1.485 19.645 0.290 9.032 0.947 4.230 5134 9822 7811 5170 7247 9237 4731 7239 7366 7073 5145 5163 4324 5181 7115 7155 7248 7132 7099 5665 7143 6904 7207 7235 7106 5012 4022 5149 4448 4448P 5178 7097 7439 9741 6378 7034 7374 7854 7285 5010 7113 7173 4359 7100 7133 7227 4995 6963 5142 7226 7111 7231 7050 7025 5009 4243 7245 5048 7020 7014 SAB SAM SAPIND SCABLE SCGM SCIB SCIENTX SCNWOLF SCOMIEN SEACERA SEALINK SEB SHELL SIGGAS SKBSHUT SKPRES SLP SMISCOR SMPC SSTEEL STONE SUBUR SUCCESS SUPERLN SUPERMX TAANN TADMAX TAS TASEK TASEK-PA TATGIAP TAWIN TECGUAN TECNIC TEKALA TGUAN TIENWAH TIMWELL TOMYPAK TONGHER TOPGLOV TOYOINK TURIYA UCHITEC ULICORP UMSNGB VERSATL VS WASEONG WATTA WEIDA WELLCAL WONG WOODLAN WTHORSE WTK WZSATU YILAI YKGI YLI 3.540 5.230 0.825 1.340 2.540 0.790 7.050 0.340 0.240 0.635 0.320 0.380 5.890 0.480 0.580 1.350 1.710 0.795 0.580 0.900 0.255 1.570 1.360 1.450 2.020 3.690 0.270 0.495 14.900 15.100 0.110 0.220 0.700 1.350 0.250 1.780 1.700 0.640 2.040 1.770 7.980 0.630 0.150 1.600 4.020 0.730 0.720 1.410 1.230 0.280 1.560 2.130 0.545 0.490 2.190 0.980 1.270 0.850 0.205 0.705 — -0.020 UNCH -0.050 UNCH UNCH UNCH 0.005 -0.010 -0.010 0.015 — -0.060 — — 0.010 -0.010 -0.005 — — 0.005 — 0.020 UNCH -0.020 -0.040 UNCH -0.005 0.040 — — — — 0.220 -0.010 -0.020 UNCH — 0.040 0.020 0.290 — — 0.020 0.020 -0.050 — -0.020 UNCH — 0.020 0.020 -0.005 — -0.010 0.020 0.030 0.010 0.020 UNCH — 112.5 5 53.5 3564.6 69.5 75.8 52 150 56.5 814.5 — 48.5 — — 4829.2 178.9 8.2 — — 145.8 — 35.7 19 2187.2 130.2 41 177 12.8 — — — — 1456.1 57.1 78.9 10 — 380.8 24 5591.3 — — 185 237.2 1 — 2804 80.3 — 8.2 263.8 33.1 — 10.7 1288.5 36.1 146.1 28.6 6 — 15.97 2.586 9.50 1.447 13.39 1.541 8.50 0.870 18.14 0.491 — 5.621 9.98 0.299 — 0.430 37.50 0.893 24.05 0.403 25.00 — — 6.998 — — 10.50 — — 0.320 25.47 0.420 23.52 0.636 20.87 — 2.04 — — 0.635 — — 17.12 1.224 7.00 0.472 12.28 2.636 14.92 4.033 10.87 0.350 1.85 1.134 6.94 0.000 17.44 — — — — — — — — 2.939 0.52 0.345 — 1.801 15.36 2.500 13.63 — 336.84 1.426 13.06 1.795 11.05 5.730 22.08 — 46.67 — 16.67 1.400 14.21 1.014 23.86 0.920 5.30 — — 1.368 11.77 1.682 9.31 — — 1.686 8.61 3.453 19.52 0.505 — — 18.28 1.876 7.95 1.259 17.79 0.904 18.07 0.000 11.05 1.000 — 0.797 — 1.41 2.28 7.27 1.68 3.67 — 3.12 — — 4.72 — 5.26 — 1.46 — 1.45 1.46 3.14 — — — 3.18 5.88 2.07 2.48 5.42 — — 4.70 3.05 — — — — — 3.93 4.71 — 2.94 6.78 2.13 1.59 — 6.25 3.48 3.42 — 2.20 3.66 — 1.92 4.32 — — 4.57 1.87 — 2.35 — — 484.7 451.2 60.0 424.8 304.8 58.1 1,621.5 29.8 82.1 115.4 160.0 30.4 1,767.0 90.0 23.2 1,462.3 422.9 35.6 40.7 377.5 22.9 328.1 163.2 116.0 1,373.9 1,368.0 120.2 89.1 1,842.0 5.1 17.1 14.1 28.1 54.5 38.2 187.3 164.0 57.0 223.3 225.6 4,981.0 67.4 34.3 627.2 583.7 58.4 84.5 1,628.8 953.1 23.7 208.0 706.4 50.0 19.6 525.6 471.7 321.2 136.0 71.4 71.5 7007 7078 6173 5190 5932 8761 8591 7528 5253 8877 7047 7161 9261 5398 5226 5169 5169PA 5169PB 6238 3336 8834 4723 9083 3565 5171 9628 5129 5006 9571 5924 5085 5703 8311 7055 5070 7145 9598 5205 5263 9717 5054 5622 5042 9679 7028 2283 ARK AZRB BDB BENALEC BPURI BREM CRESBLD DKLS ECONBHD EKOVEST FAJAR FUTUTEC GADANG GAMUDA GBGAQRS HOHUP HOHUP-PA HOHUP-PB HSL IJM IREKA JAKS JETSON KEURO KIMLUN LEBTECH MELATI MERGE MITRA MTDACPI MUDAJYA MUHIBAH PESONA PLB PRTASCO PSIPTEK PTARAS SENDAI SUNCON SYCAL TRC TRIPLC TSRCAP WCT ZECON ZELAN 0.310 0.635 0.670 0.575 0.430 0.940 0.990 1.740 0.910 0.930 0.430 1.550 1.300 4.420 0.890 0.920 1.360 1.290 1.770 3.280 0.635 1.090 0.330 0.815 1.190 1.440 0.910 0.360 1.040 0.220 1.030 2.000 0.470 1.220 1.670 0.130 3.350 0.770 1.170 0.380 0.340 1.360 0.550 1.350 0.570 0.255 — 0.005 -0.010 -0.005 -0.010 UNCH UNCH — UNCH UNCH UNCH — UNCH -0.230 -0.010 0.015 — — UNCH -0.090 — UNCH — -0.015 -0.010 — -0.035 — -0.010 — -0.020 -0.020 UNCH — 0.080 -0.005 0.070 -0.005 UNCH 0.005 0.005 0.190 -0.060 -0.020 0.010 -0.005 — 71 18 445.1 339.1 41 156 — 711.3 9 147.6 — 712.2 4220.5 473 1223.7 — — 59 4243 — 6261.5 — 42.1 33.6 — 15.9 — 610.8 — 89.7 202.2 166 — 400.5 25 11.7 326.5 2052.3 10.1 199.1 1520.7 5 1784.2 13.5 2469.6 — 0.931 0.000 0.888 0.799 1.255 1.480 — 0.000 2.720 0.603 — 1.010 4.762 1.178 1.184 — — 1.930 5.810 — 0.522 — 1.180 1.845 — 0.996 — 0.478 — 2.783 2.322 0.460 — 1.391 0.299 6.189 1.195 0.000 0.298 0.554 1.250 0.000 2.270 0.770 0.300 17.61 16.12 4.87 57.50 13.83 7.45 6.81 7.30 10.44 44.71 — 8.74 4.79 14.04 8.74 4.20 — — 12.44 15.46 — 29.78 — 61.74 7.49 58.30 13.75 6.27 6.74 — — 10.50 19.34 14.14 — 13.68 10.37 11.32 11.24 3.29 20.99 12.35 10.78 13.83 — 4.18 — 3.15 5.22 — 4.65 3.19 3.79 1.72 2.75 2.15 2.91 1.94 3.08 2.71 2.12 — 1.84 1.16 1.47 2.29 — — — — 3.19 — 3.02 — 3.20 — 8.74 2.00 2.13 8.20 5.39 — 5.37 1.62 — — 0.53 — 1.82 1.45 — — 14.2 307.0 203.6 466.8 93.6 324.7 171.0 161.3 486.9 795.6 141.9 140.8 287.6 10,634.1 347.9 317.5 11.2 27.0 1,031.3 11,719.2 108.5 477.8 62.0 817.2 357.7 196.5 109.2 24.1 667.8 51.0 569.0 940.7 298.4 111.4 562.8 41.2 545.2 596.0 1,512.7 121.7 163.4 88.4 64.0 1,620.7 67.9 215.4 5238 5166 6599 7315 5099 5014 5115 0159 6351 7083 5194 5210 1481 6399 7048 7579 6888 5021 7251 7241 6998 5032 5248 3395 5196 4219 6025 1562 7036 9474 2771 5257 5245 2925 7117 7209 7016 5104 5136 5037 5184 0091 5141 5132 7212 7277 5908 5216 2097 5259 5036 7471 1368 0064 5081 5208 7189 AAX AEGB AEON AHB AIRASIA AIRPORT ALAM AMEDIA AMWAY ANALABS APFT ARMADA ASB ASTRO ATLAN AWC AXIATA AYS BARAKAH BHS BINTAI BIPORT BJAUTO BJCORP BJFOOD BJLAND BJMEDIA BJTOTO BORNOIL BRAHIMS BSTEAD CARIMIN CARING CCB CENTURY CHEETAH CHUAN CNI COMPLET COMPUGT CYPARK DAYA DAYANG DELEUM DESTINI DIALOG DKSH DSONIC EASTLND EATECH EDARAN EDEN EDGENTA EFFICEN EIG EITA EKIB 0.220 0.420 2.800 0.175 1.360 5.300 0.495 0.025 10.000 1.660 0.230 0.915 0.120 2.900 4.600 0.360 5.900 0.265 0.930 0.410 0.270 6.400 2.090 0.360 2.180 0.685 0.440 3.050 0.605 0.635 3.880 0.760 1.860 2.680 0.805 0.385 0.450 0.070 0.750 0.045 1.720 0.100 1.750 1.150 0.585 1.590 4.150 1.360 0.320 1.040 0.350 0.215 3.320 0.225 0.880 1.210 0.740 UNCH 0.005 UNCH UNCH -0.010 -0.180 UNCH UNCH 0.080 UNCH UNCH -0.020 -0.005 -0.020 — UNCH -0.160 0.040 -0.010 0.005 0.010 UNCH -0.040 -0.005 0.030 — UNCH -0.050 -0.005 -0.010 UNCH -0.010 -0.020 -0.070 -0.020 — — UNCH — UNCH UNCH -0.005 -0.080 -0.030 -0.010 -0.010 0.020 0.010 -0.010 -0.010 — — 0.060 -0.005 — — — 16228.4 414 53.8 116.1 48233.5 1840.2 1415.5 254.8 4.1 3 34373.3 18656.3 50 7596.2 — 1612.4 13211.7 11.3 247.2 384.3 2836.5 18.7 1692.1 1522.2 414.5 — 30 823.8 7244.9 171.6 8.2 8 592 49.5 1135.1 — — 30 — 500 1018.5 8685 183.9 276.3 58 3885.2 18.9 9160.8 10.5 190.9 — — 1117 636.3 — — — 1.040 — 0.344 — 15.101 21.36 0.000 13.67 2.412 — 8.659 12.62 1.512 9.74 0.089 — 12.480 17.25 1.730 13.72 0.311 — 3.968 — 0.140 — 2.917 27.13 — 24.06 0.277 10.43 6.719 20.92 0.310 11.42 1.392 8.29 1.312 — 0.320 8.74 0.000 22.98 1.535 11.39 0.525 2.12 1.679 3.79 — — 0.490 — 3.924 11.54 0.489 13.21 1.493 — 5.333 12.53 0.000 — 1.759 31.47 2.454 7.70 2.050 7.06 — 17.91 — 39.47 0.105 — — 83.33 0.050 — 2.457 7.93 0.381 — 5.370 9.35 4.279 7.95 0.371 27.73 2.979 28.65 6.572 12.07 9.405 41.59 0.480 2.12 0.000 17.05 — 109.38 — — 2.565 14.82 0.146 22.73 — 10.39 — 11.47 — — — 11.90 1.79 — 2.21 1.43 — — 4.00 1.81 — 1.78 2.08 4.14 6.52 — 3.73 3.77 2.15 — — 3.44 4.65 2.78 1.95 — — 6.07 — — 5.41 — 1.08 — 4.97 3.25 1.27 4.29 4.00 — 2.91 — 4.00 6.09 — 1.32 2.29 1.10 — 0.96 — — 1.51 — 3.98 3.31 — 912.6 172.2 3,931.2 28.0 3,784.8 8,793.7 457.6 29.9 1,643.9 99.6 90.6 5,367.6 79.7 15,085.0 1,166.8 82.3 51,356.6 100.8 765.3 174.9 57.9 2,944.0 2,382.9 1,559.4 817.5 3,425.2 103.4 4,120.6 231.2 150.0 4,012.6 177.7 404.9 270.0 300.6 49.1 75.2 50.4 91.4 96.0 415.5 165.2 1,534.9 460.0 472.7 8,094.1 654.3 1,836.0 78.6 524.2 21.0 66.9 2,700.8 159.6 163.2 157.3 68.0 # PE is calculated based on latest 12 months reported Earnings Per Share YEAR LOW DAY HIGH DAY LOW 0.966 1.130 1.090 1.500 1.700 1.700 0.450 0.545 0.515 1.250 — — 0.110 0.170 0.160 0.110 0.175 0.150 1.892 2.480 2.410 0.820 1.180 1.140 3.744 4.070 3.970 6.510 7.420 7.230 0.960 1.520 1.470 0.380 0.415 0.400 1.890 2.300 2.270 0.060 — — 0.265 — — 3.416 5.400 5.350 1.350 2.510 2.440 2.969 — — 0.010 0.015 0.010 0.250 0.370 0.360 4.576 5.960 5.840 0.599 0.840 0.825 0.790 1.030 1.020 0.205 0.240 0.235 1.450 1.720 1.630 0.365 — — 0.215 0.290 0.290 1.638 1.870 1.810 0.250 0.350 0.350 1.420 — — 3.472 4.240 4.110 1.031 1.290 1.270 0.350 0.390 0.385 0.190 0.215 0.210 0.270 0.330 0.315 0.120 — — 0.500 0.650 0.630 0.637 1.330 1.290 2.421 2.560 2.550 1.180 1.620 1.550 0.135 0.145 0.145 5.912 6.620 6.410 0.775 0.875 0.860 2.507 2.950 2.950 1.011 1.180 1.140 0.500 0.545 0.525 0.685 0.880 0.880 1.886 2.510 2.360 0.895 1.140 1.090 6.365 8.560 8.330 1.490 2.080 1.980 0.330 0.435 0.415 0.065 0.075 0.065 0.155 0.190 0.180 0.270 0.315 0.315 2.500 2.710 2.660 0.560 — — 2.064 4.300 4.200 0.075 0.090 0.090 0.587 0.700 0.700 0.615 0.765 0.755 1.260 1.340 1.310 0.085 0.100 0.100 0.680 2.260 2.240 0.378 0.425 0.420 0.460 0.600 0.585 0.990 1.000 0.990 0.910 1.050 1.030 0.055 0.085 0.080 0.880 1.150 1.130 0.985 1.550 1.540 0.240 0.340 0.325 0.135 0.165 0.160 2.798 5.820 5.770 14.210 22.000 21.700 0.030 — — 3.929 6.500 6.500 0.167 0.190 0.190 0.220 — — 3.337 3.680 3.610 1.296 1.930 1.890 1.864 2.770 2.740 0.100 0.135 0.130 0.340 0.375 0.375 0.535 0.650 0.645 0.572 — — 0.393 0.480 0.450 0.090 0.115 0.110 1.183 1.880 1.840 0.135 0.185 0.180 0.230 0.275 0.265 0.640 1.100 1.100 1.236 1.400 1.360 1.155 1.480 1.460 6.700 7.470 7.310 0.751 — — 1.360 1.990 1.900 0.848 1.650 1.640 2.039 2.450 2.440 2.250 — — 0.100 0.150 0.145 1.900 2.140 2.140 0.110 0.155 0.145 0.330 0.340 0.335 1.521 — — 2.407 3.750 3.600 10.260 12.180 12.040 0.686 — — 0.290 0.375 0.370 0.130 0.220 0.200 5.908 6.640 6.530 0.435 0.595 0.555 0.910 1.060 1.050 0.370 — — 2.563 — — 0.866 — — 2.300 — — 0.860 1.300 1.260 1.200 1.310 1.290 0.500 — — 1.280 2.000 1.860 0.360 0.410 0.410 2.252 — — 0.420 — — 2.713 4.300 4.130 0.755 1.220 1.150 0.035 0.055 0.035 2.310 2.870 2.830 0.434 0.610 0.585 1.440 1.590 1.570 10.083 2.100 3.340 10.100 10.100 4.170 1.225 3.700 7.457 4.453 0.895 1.182 12.300 7.400 12.500 1.770 0.580 0.782 0.125 1.513 0.532 10.559 0.552 2.650 7.963 1.260 2.990 1.290 1.173 16.880 0.198 5.890 0.550 2.010 13.520 2.430 3.450 10.700 — 4.590 — 4.100 8.070 4.720 1.300 1.340 13.380 — 14.200 — 0.720 0.885 0.135 2.630 0.630 13.700 0.715 2.850 8.440 1.520 3.400 1.470 — 18.040 0.275 6.130 0.630 3.750 13.360 2.370 3.400 10.640 — 4.490 — 3.960 8.010 4.580 1.290 1.310 13.080 — 13.800 — 0.705 0.885 0.130 2.610 0.600 13.480 0.705 2.850 8.350 1.470 3.380 1.430 — 17.640 0.270 6.010 0.610 3.720 CODE 5056 6939 9318 7210 0128 9377 5209 0078 4715 3182 3204 7676 7668 7110 7253 3034 2062 5008 7013 5255 5225 5614 5673 8923 0058 8672 5079 6491 0151 5035 5878 5843 9121 4847 6874 7170 8486 5143 3859 5264 3514 6012 5077 5983 4502 5090 7234 3069 5186 3816 2194 0059 0043 3891 3905 0138 9806 5509 4464 5533 0172 5201 3018 5260 8419 5125 5657 5041 6254 5133 7108 0047 7080 5219 5681 7027 7081 7201 7163 4634 5204 8346 0037 8885 8567 5147 7185 9113 0099 7158 7045 7053 9792 5250 4197 9431 5218 5242 6084 9865 1201 6521 0016 5173 8524 5140 5347 8702 7228 7206 4863 0101 8397 7218 5711 5167 7137 5243 7091 5754 7250 7240 5016 7692 5246 5267 7122 7293 7066 4677 5139 5185 2488 1163 1163PA 1015 5088 5258 1818 1023 2143 5228 5819 5274 1082 6688 3379 3379PA 3441 5096 6483 8621 1198 1058 1155 1171 6459 5237 6009 1295 9296 1066 4898 6139 COUNTER CLOSING (RM) +/– (RM) VOL (‘000) VWAP* (RM) PE# (X) DY (%) MKT CAP (MIL) 0.92 5.29 5.07 3.68 — — 4.70 0.72 1.57 0.55 3.56 1.48 6.55 — — 4.65 1.02 4.97 — — 0.51 4.17 — — 13.33 — — 4.70 2.86 3.27 1.92 3.13 — — — — — 3.76 7.84 — 1.38 5.26 1.15 2.71 9.48 6.22 — 3.23 — 1.59 1.69 2.35 — — — 0.56 — 1.63 — 2.86 — 4.55 — — 5.29 4.30 — 3.61 — 1.74 1.30 — — 0.69 1.75 — 5.23 2.00 — 3.63 1.72 — 1.85 — 4.65 4.85 9.38 — 3.86 — — — 9.29 1.69 4.82 1.32 1.05 1.82 6.15 2.31 — 3.27 — — 3.46 2.40 2.41 10.20 — — 3.48 0.51 3.81 — 1.36 5.00 2.44 0.77 3.44 — 1.91 — 2.95 — 2.75 — — 0.52 — 6.05 323.8 246.0 259.3 235.3 168.5 22.3 3,158.6 1,446.5 23,811.6 27,175.6 447.6 95.6 463.0 5.2 54.4 12,092.1 447.7 206.8 48.8 435.6 48,517.3 149.5 74.6 36.4 231.0 76.2 36.5 501.0 77.0 152.5 4,436.7 638.7 57.7 86.6 180.9 20.4 149.4 352.0 3,666.3 7,850.0 152.9 48,586.5 870.0 1,152.6 1,286.7 919.5 37.0 603.5 1,792.0 37,853.0 6,303.3 69.2 56.9 542.5 742.1 3,221.6 37.3 2,022.1 70.4 72.0 401.4 611.5 102.3 418.1 119.0 369.9 1,093.9 344.5 73.9 370.0 1,152.9 399.7 32.3 1,072.0 21,617.6 2.8 1,682.7 125.0 12.5 1,938.7 914.8 277.0 175.8 322.0 437.1 91.1 88.1 20.8 668.3 290.2 632.3 57.2 1,047.3 1,825.4 46,397.4 30.8 11,504.9 272.3 1,802.1 158.6 522.4 606.3 99.0 408.0 1,586.7 375.0 67,949.1 182.4 143.1 241.0 24,539.3 1,013.7 441.7 15.2 189.1 108.0 100.1 2,810.6 168.4 57.6 576.1 49.2 159.3 24.4 14,219.7 214.2 21.3 3,125.4 95.4 16,946.6 4.22 6.33 4.53 0.47 0.56 5.99 7.59 5.86 4.28 1.69 — 5.43 3.08 1.47 2.71 1.26 1.41 4.52 — 3.80 1.61 4.14 8.39 3.51 6.54 6.37 — — 6.54 3.11 5.45 0.99 2.88 4.01 1,946.9 4,604.8 5,263.6 1,801.4 984.9 13,744.7 337.4 6,107.2 4,314.3 40,071.8 372.6 249.4 25,002.8 2,518.3 14,738.7 507.8 492.3 117.4 84.1 315.6 453.7 4,541.6 217.6 576.8 80,225.4 4,172.7 722.3 1,029.6 334.5 68,636.2 370.4 15,634.4 1,069.9 3,051.2 ENGTEX FIAMMA FITTERS FREIGHT FRONTKN FSBM GASMSIA GDEX GENM GENTING GKENT GUNUNG HAIO HAISAN HANDAL HAPSENG HARBOUR HARISON HUBLINE ICON IHH ILB IPMUDA JIANKUN JOBST KAMDAR KBES KFIMA KGB KNUSFOR KPJ KPS KPSCB KTB KUB LFECORP LIONFIB LUXCHEM MAGNUM MALAKOF MARCO MAXIS MAYBULK MBMR MEDIA MEDIAC MESB MFCB MHB MISC MMCCORP MMODE MTRONIC MUIIND MULPHA MYEG NATWIDE NCB NICORP OCB OCK OLDTOWN OLYMPIA OWG PANSAR PANTECH PARKSON PBA PDZ PENERGY PERDANA PERISAI PERMAJU PESTECH PETDAG PETONE PHARMA PICORP PJBUMI POS PRESBHD PRKCORP RGB RPB SALCON SAMCHEM SAMUDRA SANBUMI SCICOM SCOMI SCOMIES SEEHUP SEG SEM SIME SJC SKPETRO SOLID STAR SUIWAH SUMATEC SURIA SYMPHNY SYSCORP TALIWRK TASCO TENAGA TEXCHEM TGOFFS THHEAVY TM TMCLIFE TNLOGIS TOCEAN TSTORE TURBO UMS UMWOG UNIMECH UTUSAN UZMA VOIR WARISAN WIDETEC WPRTS XINHWA YFG YINSON YONGTAI YTL 1.090 1.700 0.540 1.360 0.160 0.175 2.460 1.170 4.010 7.260 1.490 0.405 2.290 0.065 0.340 5.380 2.460 3.020 0.015 0.370 5.900 0.840 1.030 0.240 1.650 0.385 0.290 1.810 0.350 1.530 4.210 1.280 0.390 0.215 0.325 0.240 0.645 1.330 2.550 1.570 0.145 6.470 0.870 2.950 1.160 0.545 0.880 2.480 1.120 8.480 2.070 0.425 0.075 0.185 0.315 2.680 0.620 4.300 0.090 0.700 0.760 1.320 0.100 2.260 0.425 0.600 1.000 1.040 0.085 1.150 1.540 0.335 0.165 5.770 21.760 0.055 6.500 0.190 0.250 3.610 1.890 2.770 0.135 0.375 0.645 0.670 0.480 0.110 1.880 0.185 0.270 1.100 1.400 1.480 7.470 0.760 1.920 1.650 2.440 2.600 0.150 2.140 0.150 0.340 3.610 3.750 12.040 1.470 0.375 0.215 6.530 0.585 1.050 0.370 2.760 1.000 2.460 1.300 1.310 0.520 1.980 0.410 2.370 0.545 4.170 1.190 0.035 2.860 0.595 1.570 -0.030 972.6 -0.030 10 0.015 2101.4 — — -0.005 20572.4 0.040 82 UNCH 108.4 UNCH 516.7 -0.010 7370.8 -0.250 3475.9 0.010 1887.6 0.005 37.2 0.010 67.6 — — — — 0.030 557.5 -0.050 154.7 — — UNCH 276.7 0.005 774.7 -0.050 8194.8 -0.010 80.1 0.040 11 -0.015 118.8 -0.030 2.9 — — -0.010 5 0.010 42 UNCH 77 — — 0.020 284.5 -0.010 212.2 -0.005 190.8 UNCH 503 0.010 861.7 — — 0.020 78.5 0.010 182.6 -0.010 169 0.010 3313.9 UNCH 982.5 -0.090 3356.7 -0.005 166.2 0.150 0.1 -0.020 1050.5 0.015 911.3 0.060 0.1 0.070 277.3 UNCH 707.3 -0.020 4866.7 0.070 521.9 0.015 1428 0.005 3102.1 UNCH 159.9 -0.005 97 UNCH 2074.8 — — -0.050 9 UNCH 1279.9 -0.020 2.5 -0.010 83.5 -0.020 1750.1 UNCH 225 UNCH 75.9 UNCH 58.6 0.005 291.7 UNCH 580.5 0.010 323.8 0.005 1952.4 UNCH 54.7 0.010 85.6 UNCH 8059.7 UNCH 205 -0.030 268.5 0.040 897.5 — — 0.050 0.1 -0.005 21 — — -0.070 2139.8 -0.050 467.6 UNCH 40.1 UNCH 819.4 0.010 10 -0.010 2197.1 — — UNCH 104.1 0.005 70 0.010 111.6 UNCH 3329.4 UNCH 2232.9 UNCH 1 UNCH 116.4 -0.020 26.1 -0.060 3543.6 — — -0.070 14257.1 UNCH 46 -0.020 200.2 — — UNCH 6625.2 -0.010 40.9 0.005 714.8 UNCH 46.6 — — 0.070 10 -0.140 8722.3 — — -0.010 1770.9 0.005 8495.6 -0.110 6462.4 0.030 7038.4 UNCH 33 — — — — — — — — 0.010 2380.6 0.050 5.1 — — -0.050 213.7 UNCH 55 — — — — -0.130 1925.5 0.010 442.7 -0.025 14115.7 -0.010 111.2 -0.015 3310.4 -0.010 5257.5 1.658 6.94 1.888 6.66 0.750 15.00 — 11.55 0.075 8.74 0.210 — 3.875 22.67 2.952 49.16 4.211 19.46 10.196 20.53 1.081 14.24 0.883 10.77 2.644 15.06 — — — 6.72 2.654 10.91 0.869 8.60 — 10.00 0.048 — 0.000 8.62 4.042 61.39 0.723 — 0.670 6.04 0.322 — 0.000 3.65 — 8.75 0.275 — 1.978 9.47 0.000 15.09 — 5.43 6.116 28.68 2.191 6.02 0.462 4.38 0.152 10.97 0.429 30.95 — 43.64 1.000 — 1.286 15.74 3.264 14.13 0.000 3.20 0.150 7.29 7.027 29.53 1.704 — 3.599 9.46 2.650 17.03 1.005 7.62 0.000 22.39 1.976 7.56 3.738 16.40 1.000 14.23 2.820 3.77 0.686 8.97 0.094 37.50 0.201 — 0.424 3.87 2.509 47.02 — 3100.00 3.644 51.81 0.115 — 0.000 12.09 0.816 18.36 2.573 13.02 0.124 3.94 0.000 27.00 0.494 7.99 0.994 9.17 3.506 58.14 0.984 14.04 0.080 — 2.187 8.70 1.974 29.11 1.458 13.67 0.346 — 2.757 22.32 30.797 33.82 — 0.59 4.619 16.88 0.175 11.80 — — 5.937 15.81 2.589 56.25 1.000 2.28 0.115 7.99 0.386 — 0.674 49.24 — 12.03 0.350 8.09 0.217 — 0.654 19.96 0.368 6.17 0.721 9.68 1.000 215.69 1.536 29.35 0.000 30.33 9.647 19.86 — 48.41 4.291 13.64 0.725 25.90 2.459 15.57 — 14.72 0.304 7.77 2.666 4.84 0.118 100.00 0.435 80.95 — 5.10 2.066 13.99 1.000 10.22 — 32.96 0.629 — 0.900 — 1.000 32.34 0.384 53.67 1.000 6.02 — 43.02 — 10.38 — 7.99 — 11.57 3.400 16.07 1.755 12.31 — — 4.650 10.72 0.000 — — — — 14.08 2.533 27.20 0.000 11.90 0.130 20.59 5.861 11.98 0.000 4.12 1.611 15.24 AEONCR AFFIN AFG ALLIANZ ALLIANZ-PA AMBANK APEX BIMB BURSA CIMB ECM ELKDESA HLBANK HLCAP HLFG HWANG INSAS INSAS-PA JOHAN KAF KENANGA LPI MAA MANULFE MAYBANK MBSB MNRB MPHBCAP P&O PBBANK RCECAP RHBCAP TA TAKAFUL 13.520 2.370 3.400 10.640 10.700 4.560 1.580 3.960 8.070 4.720 1.300 1.330 13.300 10.200 14.000 1.990 0.710 0.885 0.135 2.630 0.620 13.680 0.715 2.850 8.410 1.470 3.390 1.440 1.360 17.680 0.275 6.040 0.625 3.740 0.100 37.7 -0.050 145.4 -0.050 1558.6 -0.060 3 — — -0.030 6790.3 — — -0.100 213.3 UNCH 763.6 UNCH 13694.9 0.010 15.9 UNCH 151.6 -0.080 1385.8 — — -0.240 451.2 — — -0.010 705.8 -0.010 2.2 -0.005 180 UNCH 53.1 UNCH 279.3 0.180 36.1 -0.010 246 UNCH 5 -0.110 20221.4 -0.050 1011.6 -0.010 31.2 -0.010 132.4 — — -0.440 11882.7 UNCH 1319.2 -0.050 1142.3 -0.010 34.8 -0.020 221.2 15.436 4.253 4.969 10.400 — 7.396 — 1.000 8.033 7.536 1.068 1.512 1.000 — 15.806 — 0.963 0.000 0.160 1.851 0.620 16.538 0.663 1.000 9.750 2.620 3.648 1.767 — 1.000 0.265 7.601 0.782 1.000 67.26 8.84 9.91 6.01 — 7.96 17.01 11.02 21.20 17.11 8.89 9.08 10.52 32.15 9.06 10.22 5.11 — — 75.14 15.54 13.99 — 16.77 11.41 4.94 5.34 15.88 18.84 14.07 11.55 7.66 7.06 20.56 2 PROP 1 1 0 0 1 0 0 1 2 3 3 1 2 0 2 1 2 1 0 1 0 0 1 1 0 2 2 0 2 2 2 0 1 0 0 1 2 0 1 1 0 1 1 1 2 1 0 0 0 0 3 0 0 1 2 0 3 3 2 2 2 0 1 3 0 1 1 1 1 3 0 1 6 3 1 3 1 0 8 0 2 0 1 0 2 1 1 2 1 1 2 0 MINI 1 PLAN 1 18 8 1 0 9 0 8 3 10 1 1 1 2 3 0 1 4 23 3 2 0 3 2 1 1 2 5 0 1 0 4 3 0 6 2 0 1 1 2 6 28 HOTE 0 1 0 7 TECH 1 0 0 0 0 0 0 1 0 2 1 0 0 6 0 3 0 0 4 0 * Volu Markets 3 5 F R I DAY S E PT E MB E R 25, 2015 • T HEED G E FINA NCIA L DA ILY BURSA MAL AYSIA MAIN MARKET . ACE MARKET AP IL) 3.8 6.0 9.3 5.3 8.5 2.3 8.6 6.5 1.6 5.6 7.6 5.6 3.0 5.2 4.4 2.1 7.7 6.8 8.8 5.6 7.3 9.5 4.6 6.4 1.0 6.2 6.5 1.0 7.0 2.5 6.7 8.7 7.7 6.6 0.9 0.4 9.4 2.0 6.3 0.0 2.9 6.5 0.0 2.6 6.7 9.5 7.0 3.5 2.0 3.0 3.3 9.2 6.9 2.5 2.1 1.6 7.3 2.1 0.4 2.0 1.4 1.5 2.3 8.1 9.0 9.9 3.9 4.5 3.9 0.0 2.9 9.7 2.3 2.0 7.6 2.8 2.7 5.0 2.5 8.7 4.8 7.0 5.8 2.0 7.1 1.1 8.1 0.8 8.3 0.2 2.3 7.2 7.3 5.4 7.4 0.8 4.9 2.3 2.1 8.6 2.4 6.3 9.0 8.0 6.7 5.0 9.1 2.4 3.1 1.0 9.3 3.7 1.7 5.2 9.1 8.0 0.1 0.6 8.4 7.6 6.1 9.2 9.3 4.4 9.7 4.2 1.3 5.4 5.4 6.6 6.9 4.8 3.6 1.4 4.9 4.7 7.4 7.2 4.3 1.8 2.6 9.4 2.8 8.3 8.7 7.8 2.3 7.4 4.1 5.6 3.7 1.6 7.6 6.8 5.4 2.7 2.3 9.6 4.5 6.2 0.4 4.4 9.9 1.2 YEAR HIGH YEAR LOW DAY HIGH DAY LOW CODE COUNTER CLOSING (RM) +/– (RM) VOL (‘000) VWAP* (RM) PE# (X) 2.315 1.210 PROPERTIES 1.069 0.655 1.295 0.785 0.530 0.370 0.315 0.155 1.426 0.864 0.915 0.510 0.956 0.726 1.480 0.900 2.804 1.850 3.245 1.460 3.414 1.980 1.460 0.430 2.637 1.450 0.375 0.210 2.100 1.170 1.520 0.775 2.950 1.200 1.000 0.655 0.626 0.410 1.123 0.730 0.515 0.340 0.881 0.425 1.150 0.860 1.883 1.020 0.750 0.455 2.383 1.660 2.770 1.770 0.927 0.461 2.120 1.160 2.884 2.329 2.624 1.735 0.605 0.315 1.680 0.745 0.390 0.205 0.095 0.040 1.237 0.808 2.353 1.330 0.625 0.324 1.586 1.100 1.646 1.280 0.390 0.250 1.163 0.742 1.692 1.270 1.130 0.630 2.736 1.727 1.405 1.032 0.685 0.535 0.950 0.555 0.440 0.275 0.294 0.186 3.692 1.900 0.464 0.300 0.460 0.145 1.648 0.795 2.140 0.935 0.515 0.265 3.578 1.950 3.048 2.109 2.152 1.580 2.616 1.706 2.051 1.280 0.660 0.290 1.959 1.315 3.083 1.720 0.320 0.195 1.012 0.715 1.440 0.640 1.141 0.855 1.110 0.450 3.644 2.609 0.225 0.140 1.523 0.850 6.067 4.500 3.540 2.920 1.189 0.702 3.814 2.988 1.065 0.692 0.383 0.245 8.648 5.391 0.125 0.055 2.450 1.160 0.195 0.105 1.140 0.380 0.145 0.075 2.474 1.460 1.344 0.830 1.829 0.755 2.184 1.680 1.888 1.140 1.764 0.698 2.115 1.552 0.960 0.595 MINING 1.650 1.120 PLANTATIONS 1.150 1.000 18.855 16.380 8.450 7.423 1.475 1.096 0.956 0.685 9.606 7.800 0.830 0.380 8.300 7.000 3.604 1.180 10.754 8.520 1.940 0.900 1.270 0.701 1.240 0.790 2.573 1.922 3.754 2.990 0.871 0.605 1.820 1.200 4.874 3.652 23.375 19.127 3.826 2.631 2.846 2.156 0.560 0.345 3.042 2.410 2.068 1.430 1.900 1.500 1.077 0.800 2.879 2.610 5.473 4.000 0.480 0.200 1.230 0.890 0.710 0.465 4.260 3.500 3.742 2.670 0.850 0.560 6.332 3.610 2.557 1.700 0.927 0.510 1.738 1.110 1.848 1.103 2.378 1.730 6.824 5.350 28.000 22.165 HOTELS 0.964 0.515 1.460 0.840 0.530 0.095 7.397 5.810 TECHNOLOGY 1.000 0.690 0.670 0.195 0.320 0.115 0.325 0.210 0.265 0.130 0.320 0.185 0.410 0.180 1.797 1.002 0.733 0.470 2.000 1.107 1.280 0.850 0.410 0.185 0.319 0.232 6.449 3.454 0.743 0.539 3.547 1.804 0.300 0.100 0.780 0.432 4.350 2.246 0.250 0.045 1.350 1.330 5230 0.815 0.930 0.405 0.215 1.170 — — 1.000 2.040 1.630 2.050 0.580 1.620 0.290 1.530 0.785 1.960 — 0.495 0.835 0.390 0.600 — 1.170 — 1.890 2.710 0.515 2.100 2.570 1.980 — 0.840 0.225 0.045 0.950 1.550 0.420 1.410 1.550 0.270 0.885 1.340 0.770 2.430 1.180 0.575 0.670 0.300 0.200 2.220 0.360 0.160 1.140 — 0.345 2.230 2.950 1.630 1.950 1.790 0.340 1.560 2.040 — 0.900 0.770 0.930 0.480 3.010 — 0.980 4.690 3.270 0.810 3.520 0.720 0.285 — 0.055 1.330 0.130 0.830 0.090 1.560 0.910 1.200 1.930 1.240 — 1.870 0.640 0.810 0.900 0.400 0.200 1.130 — — 0.950 2.040 1.610 2.050 0.580 1.610 0.275 1.490 0.775 1.910 — 0.480 0.825 0.380 0.505 — 1.130 — 1.870 2.700 0.505 2.030 2.500 1.870 — 0.810 0.225 0.045 0.950 1.500 0.400 1.390 1.500 0.265 0.885 1.320 0.740 2.400 1.110 0.570 0.615 0.290 0.200 2.190 0.345 0.160 1.080 — 0.325 2.190 2.950 1.620 1.950 1.620 0.315 1.530 2.010 — 0.880 0.750 0.900 0.470 2.990 — 0.950 4.670 3.210 0.795 3.490 0.710 0.280 — 0.055 1.280 0.120 0.800 0.085 1.500 0.890 1.070 1.890 1.210 — 1.830 0.635 1007 5959 1007PA 4057 6602 9814 3239 5738 6718 5049 5355 3484 3417 3557 8206 6076 8613 6815 6041 5020 9962 1147 2968 1503 7010 5062 5018 4251 5084 1597 5249 5175 1589 6769 3115 7323 5038 3174 8494 5789 3573 7617 8583 6181 5236 5182 5040 1694 8141 8141PA 6114 8893 6548 1651 9539 3913 5073 5827 5053 6661 1724 6912 1945 5075 2208 4596 5207 2224 4286 6017 4375 5213 1783 8664 3743 5211 1538 5158 2305 2259 5191 2429 7889 7079 5239 5401 5148 5200 2976 7003 3158 2577 1.230 1.220 2186 KUCHAI — — 16.900 16.820 8.100 8.100 1.310 1.310 0.745 0.715 — — 0.430 0.420 7.350 7.350 1.530 1.470 10.120 9.880 1.450 1.390 1.010 1.010 0.810 0.810 2.180 2.100 3.100 3.100 — — — — 3.920 3.830 21.700 21.200 — — — — 0.375 0.365 2.910 2.880 — — — — 0.890 0.830 — — — — 0.225 0.220 — — 0.500 0.490 — — — — — — 4.650 4.460 — — 0.565 0.550 1.230 1.230 1.370 1.350 1.800 1.750 5.820 5.780 25.740 25.560 7054 1899 5069 5254 8982 1929 3948 5029 5222 2291 7382 2135 7501 5138 2216 2607 6262 1961 2445 2453 5027 1996 2003 6572 4936 5026 5047 2038 1902 9695 5113 2542 2569 4316 5126 5135 2054 5112 5251 9059 2593 2089 AASIA BKAWAN BLDPLNT BPLANT CEPAT CHINTEK DUTALND FAREAST FGV GENP GLBHD GOPENG HARNLEN HSPLANT IJMPLNT INCKEN INNO IOICORP KLK KLUANG KMLOONG KRETAM KULIM KWANTAS MALPAC MHC NPC NSOP PINEPAC PLS RSAWIT RVIEW SBAGAN SHCHAN SOP SWKPLNT TDM THPLANT TMAKMUR TSH UMCCA UTDPLT 1.010 16.820 8.100 1.310 0.745 8.200 0.430 7.350 1.480 9.880 1.440 1.010 0.810 2.180 3.100 0.670 1.410 3.900 21.300 3.120 2.480 0.370 2.910 1.500 1.580 0.890 2.800 4.220 0.225 0.890 0.500 3.550 3.050 0.610 4.650 1.830 0.565 1.230 1.350 1.750 5.800 25.560 TUNEPRO 1.340 -0.010 350.6 1.895 AMPROP A&M AMPROP-PA ASIAPAC BCB BERTAM BJASSET CHHB CRESNDO CVIEW DAIMAN DBHD E&O ECOFIRS ECOWLD ENCORP ENRA EUPE FARLIM GLOMAC GMUTUAL GOB GPLUS GUOCO HOOVER HUAYANG HUNZPTY IBHD IBRACO IGB IOIPG IVORY IWCITY JKGLAND KBUNAI KEN KSL L&G LBICAP LBS LIENHOE MAGNA MAHSING MALTON MATRIX MCT MEDAINC MENANG MJPERAK MJPERAK-PA MKH MKLAND MPCORP MRCB MUH MUIPROP NAIM OIB OSK OSKPROP PARAMON PASDEC PJDEV PLENITU PTGTIN SAPRES SBCCORP SDRED SEAL SHL SMI SNTORIA SPB SPSETIA SUNSURIA SUNWAY SYMLIFE TAGB TAHPS TALAMT TAMBUN TANCO THRIVEN TIGER TITIJYA TROP UEMS UOADEV WINGTM Y&G YNHPROP YTLLAND 0.815 0.920 0.405 0.210 1.170 0.590 0.800 0.990 2.040 1.620 2.050 0.580 1.610 0.280 1.500 0.780 1.910 0.820 0.495 0.830 0.380 0.570 1.050 1.170 0.480 1.890 2.700 0.515 2.100 2.550 1.890 0.375 0.815 0.225 0.045 0.950 1.500 0.400 1.410 1.510 0.265 0.885 1.340 0.760 2.400 1.170 0.575 0.615 0.300 0.200 2.200 0.350 0.160 1.110 0.935 0.335 2.200 2.950 1.630 1.950 1.680 0.340 1.560 2.030 0.245 0.885 0.750 0.900 0.470 3.000 0.170 0.980 4.670 3.240 0.810 3.500 0.710 0.285 6.800 0.055 1.290 0.130 0.815 0.085 1.560 0.910 1.150 1.920 1.230 1.400 1.840 0.635 0.005 92.5 0.020 169.5 UNCH 10.5 0.005 2704.5 0.060 20 — — — — -0.010 9.8 UNCH 2 -0.020 8 UNCH 15 -0.025 16 -0.010 176.6 UNCH 73 UNCH 1995.2 -0.010 60.6 -0.050 22.8 — — 0.015 9 -0.025 353 UNCH 74.8 0.060 57387.4 — — -0.010 109.5 — — UNCH 64.4 UNCH 99.8 0.005 377.9 -0.020 6 0.010 13.9 -0.070 2678.1 — — -0.010 139.2 -0.010 371 UNCH 104 UNCH 4 -0.050 289.6 -0.010 2678.6 0.010 113 -0.040 512.2 UNCH 60.1 -0.045 5.8 UNCH 662.6 0.020 232.4 UNCH 307.9 -0.030 181 UNCH 43 -0.065 16 UNCH 30.5 UNCH 40.6 -0.050 34.5 UNCH 426.1 UNCH 24 0.020 5063.6 — — -0.010 361 -0.040 366.8 UNCH 2 -0.010 106.9 UNCH 25.6 0.060 179.2 0.020 61.1 0.040 7 -0.010 17.6 — — 0.010 131.3 -0.020 59.8 -0.010 2 -0.015 59 0.010 21.9 — — 0.050 53 -0.060 22 0.030 1751.3 0.010 35 -0.020 2583.3 -0.010 772.5 0.005 66.6 — — UNCH 1847 -0.020 227.5 0.005 121.2 -0.015 175 -0.005 15626 0.060 220.5 0.015 76.6 0.080 81769.6 -0.020 662.3 -0.010 39.4 — — -0.080 437 -0.005 149 0.829 0.932 0.000 0.147 0.000 — — 1.020 3.069 2.594 3.289 0.380 1.920 0.198 2.716 1.045 1.060 — 0.510 1.083 0.462 0.758 — 1.070 — 2.133 2.302 2.532 2.016 2.710 0.000 — 1.257 0.262 0.076 1.480 2.051 0.373 1.240 1.661 0.325 1.305 2.198 0.882 3.220 0.726 0.794 0.655 0.515 0.000 2.646 0.366 0.377 1.373 — 0.172 3.622 2.410 1.608 1.350 1.536 0.444 1.269 2.699 — 0.927 1.217 0.882 0.519 2.150 — 0.618 4.633 2.873 0.830 2.648 1.086 0.299 — 0.066 1.411 0.160 1.210 0.219 1.555 1.341 2.305 1.990 2.342 — 1.727 0.952 1.226 6.54 — 152.2 — — 19.530 14.93 0.000 31.29 0.000 28.48 0.938 16.45 — 24.17 0.485 7.50 0.000 14.42 4.456 45.40 10.947 25.33 1.050 — 0.740 19.09 1.336 — 2.617 17.94 3.367 30.39 — — — 24.19 5.619 146.62 24.513 26.55 — 40.78 — 12.47 3.488 — 3.678 57.28 — — — — 1.055 19.39 — 33.33 — — 0.343 — — — 0.811 — — 29.12 — 37.20 — — 6.100 28.65 — 12.05 0.981 25.45 1.861 31.70 0.000 7.15 2.804 47.30 1.000 25.75 26.600 19.29 1.98 3.57 0.49 — 2.68 1.95 — 4.08 6.76 0.66 0.69 2.97 9.88 3.67 1.94 1.63 — 2.31 2.58 0.32 5.24 — 3.26 3.33 — 2.25 0.36 1.66 — — — 2.82 — — 1.08 4.92 2.65 1.63 11.11 1.43 2.76 1.56 121.2 7,332.7 757.4 2,096.0 237.2 749.2 363.8 1,039.2 5,399.3 7,665.2 321.0 181.1 150.2 1,744.0 2,729.8 281.9 269.6 25,193.7 22,737.8 197.1 773.3 693.8 3,910.0 467.5 118.5 174.9 336.0 296.3 33.7 290.8 709.2 230.2 202.3 70.2 2,045.9 512.4 837.1 1,087.1 537.5 2,372.5 1,213.4 5,319.9 1.230 0.010 16.5 — — -0.180 24.4 UNCH 35 UNCH 78.3 0.025 68.1 — — UNCH 82.6 UNCH 0.5 -0.020 14900.7 -0.260 144.9 0.050 51.5 -0.050 0.5 -0.040 3 0.080 84.9 -0.030 0.2 — — — — -0.050 7625.8 -0.240 582.3 — — — — 0.005 380.3 0.010 190.5 — — — — -0.020 2.1 — — — — UNCH 19.1 — — UNCH 461 — — — — — — 0.060 11.3 — — UNCH 166.8 0.010 5.5 -0.040 25 -0.030 82.4 0.100 20.8 -0.160 3.9 DY (%) MKT CAP (MIL) 14.12 3.01 1,007.4 6.43 10.93 — 0.57 7.22 8.25 12.31 — 3.79 4.29 16.61 — 12.60 32.94 72.12 — 22.96 7.77 46.70 6.87 4.95 2.27 7.89 4.15 18.75 4.51 24.98 6.60 7.45 16.14 7.52 9.49 — 6.99 — 5.89 3.60 2.46 6.36 10.66 — 5.71 8.75 7.71 5.68 — — 3.09 90.91 — 10.54 7.94 — 6.45 3.93 — 4.28 13.37 7.63 3.82 11.31 — 8.08 3.57 — 5.55 7.54 4.93 — 6.92 — 14.96 15.67 11.45 24.55 7.31 5.88 11.00 13.51 — 5.46 — 18.52 — 6.80 4.74 10.85 8.08 5.95 8.40 31.45 25.81 3.68 1.63 4.94 1.43 — — 2.50 — 5.88 14.81 2.44 — 1.70 — — — — 1.83 10.10 5.60 5.26 — — 1.71 — 6.88 — 2.93 5.99 1.96 3.17 — — 0.89 — 3.16 6.67 5.00 3.55 2.15 — 5.65 4.85 — 6.19 1.71 — — — 2.50 3.64 2.86 — 2.25 — — 1.59 4.07 4.60 5.13 4.46 — 4.17 — — 2.82 2.13 3.33 — 8.33 — 2.04 2.57 2.99 — 3.14 7.04 3.51 4.71 — 7.52 — — — 2.56 6.78 2.61 6.77 3.80 6.25 — — 486.6 335.9 120.2 208.4 241.3 122.0 890.4 273.0 466.1 162.0 435.0 179.4 2,028.3 204.4 3,546.4 217.3 260.2 105.0 69.5 604.1 142.7 259.2 154.2 819.5 19.2 499.0 673.9 509.5 372.3 3,480.2 7,142.0 167.1 545.8 170.6 259.9 182.1 1,481.7 436.4 103.2 831.6 95.9 294.6 3,228.6 340.8 1,320.7 1,561.7 283.2 164.3 59.3 18.3 922.7 422.5 46.0 1,983.1 52.8 256.0 550.0 267.1 2,286.1 645.2 709.4 70.0 824.4 774.5 84.8 123.5 176.1 383.5 104.1 726.4 35.7 474.4 1,604.7 8,515.5 595.7 6,243.7 220.1 1,516.7 509.0 232.1 547.0 43.5 204.7 68.8 561.6 1,317.2 5,218.1 2,919.9 598.5 279.1 812.3 536.2 — 1.160 0.275 — — 1.110 0.265 — 5592 1643 1287 5517 GCE LANDMRK PMHLDG SHANG 0.600 1.130 0.270 6.300 — -0.010 -0.005 — — 398.5 592 — — 1.097 0.065 — — — — 36.84 3.33 — — 1.90 118.2 543.3 250.8 2,772.0 — 0.280 — 0.305 0.150 0.200 0.235 — 0.610 1.630 1.030 0.255 — 6.230 0.640 3.350 — 0.670 4.320 0.210 — 0.265 — 0.295 0.150 0.200 0.230 — 0.605 1.590 0.990 0.240 — 6.120 0.610 3.280 — 0.655 4.160 0.195 7031 5195 0051 7204 8338 0029 4456 5162 0065 0090 0021 0082 0056 7022 5028 0166 9393 5161 9334 0143 AMTEL CENSOF CUSCAPI D&O DATAPRP DIGISTA DNEX ECS EFORCE ELSOFT GHLSYS GPACKET GRANFLO GTRONIC HTPADU INARI ITRONIC JCY KESM KEYASIC 0.900 0.270 0.135 0.305 0.150 0.200 0.235 1.410 0.610 1.590 1.020 0.250 0.265 6.200 0.640 3.280 0.110 0.670 4.200 0.205 — -0.010 — 0.005 -0.010 UNCH UNCH — -0.005 -0.010 UNCH UNCH — -0.030 0.040 -0.060 — 0.005 0.130 -0.010 — 1547.1 — 292.8 255 10 543.3 — 57.5 147.3 713.1 832.2 — 233.9 91.6 2348.6 — 545.8 365.9 1398.7 — 0.579 — 0.310 0.255 0.230 0.264 — 0.509 0.652 0.796 0.462 — 3.122 0.718 1.542 — 0.574 2.047 0.000 65.69 19.57 — 48.41 — — 16.55 7.39 14.95 15.51 78.46 1.69 10.82 25.58 35.96 13.75 — 8.49 13.62 — — — — — — — — 4.26 3.28 4.40 — — 3.77 1.45 3.13 2.41 — 7.09 0.71 — 44.3 134.1 58.8 298.4 57.5 92.7 182.2 253.8 126.1 288.0 661.9 172.6 128.0 1,745.5 64.8 2,395.6 11.3 1,382.0 180.7 165.0 * Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share YEAR HIGH YEAR LOW DAY HIGH DAY LOW 7.250 4.022 6.600 6.520 1.890 0.990 1.000 1.000 0.595 0.340 0.410 0.400 0.765 0.446 0.540 0.510 0.425 0.280 0.305 0.300 0.915 0.315 0.805 0.780 0.480 0.200 — — 0.135 0.045 0.065 0.060 2.598 1.147 1.940 1.900 3.805 2.009 2.830 2.790 0.960 0.606 0.725 0.700 INFRASTRUCTURE PROJECT COMPANIES 6.419 4.860 5.500 5.380 5.110 3.206 5.110 5.010 3.740 2.290 2.600 2.560 0.940 0.350 0.520 0.495 6.970 4.130 6.690 6.590 1.670 1.440 1.610 1.580 CLOSED-END FUNDS 2.450 2.100 2.270 2.250 EXCHANGE TRADED FUNDS 1.084 1.030 — — 1.890 1.630 — — 1.575 1.010 1.310 1.300 1.910 1.580 1.690 1.655 1.005 0.925 — — 1.195 0.990 1.080 1.075 1.065 0.940 0.980 0.977 REITS 1.168 0.910 0.990 0.990 1.387 1.200 1.320 1.320 0.938 0.730 0.790 0.790 0.893 0.723 0.845 0.840 1.167 1.010 1.080 1.070 1.812 1.565 1.700 1.690 1.545 1.240 1.430 1.410 1.519 1.337 1.500 1.490 1.340 1.141 1.280 1.270 7.305 6.039 6.960 6.870 1.227 0.995 1.150 1.130 1.580 1.255 1.540 1.520 1.694 1.342 1.530 1.500 1.258 1.080 1.190 1.180 1.634 1.253 1.560 1.560 1.050 0.883 1.040 1.030 SPAC 0.690 0.605 0.675 0.670 0.670 0.565 0.610 0.600 0.500 0.390 0.435 0.435 CODE COUNTER CLOSING (RM) +/– (RM) VOL (‘000) VWAP* (RM) PE# (X) DY (%) MKT CAP (MIL) 3867 5011 0083 9008 0041 7160 9075 0118 5005 0097 0008 MPI MSNIAGA NOTION OMESTI PANPAGE PENTA THETA TRIVE UNISEM VITROX WILLOW 6.590 1.000 0.400 0.540 0.305 0.795 0.260 0.065 1.920 2.820 0.720 -0.010 0.010 UNCH 0.005 UNCH -0.005 — 0.005 UNCH -0.020 -0.015 34 10 261.7 3 56.3 1908.8 — 341.3 2021.6 164.1 82 3.211 2.180 0.678 0.784 0.350 0.213 — 0.070 0.871 1.148 0.672 11.54 — — — — 11.76 — — 12.60 14.78 10.33 3.03 — — — — — — — 3.65 0.89 2.78 1,383.1 60.4 108.2 209.5 73.6 105.9 27.9 64.9 1,409.0 658.2 178.6 6947 6645 6807 5078 5031 6742 DIGI LITRAK PUNCAK SILKHLD TIMECOM YTLPOWR 5.480 5.060 2.580 0.505 6.600 1.590 -0.110 0.040 0.020 -0.010 -0.040 UNCH 9714.5 102.4 573.8 519.2 303.6 1851.3 4.873 4.200 3.375 0.385 3.903 1.947 21.41 17.84 — — 8.01 12.27 4.64 4.94 — — 0.85 6.29 42,607.0 2,639.2 1,078.5 354.3 3,799.0 11,834.7 5108 ICAP 2.270 UNCH 37.8 2.360 30.31 — 317.8 0800EA 0822EA 0823EA 0820EA 0825EA 0821EA 0824EA ABFMY1 CIMBA40 CIMBC50 FBMKLCI-EA METFSID MYETFDJ MYETFID 1.035 1.660 1.300 1.655 0.990 1.075 0.977 — — -0.040 -0.040 — -0.030 -0.008 — — 40 12.4 — 22.2 3.5 — — 1.035 0.000 — 1.168 0.000 — — — — — — — 5.49 3.77 — 1.72 — 3.07 2.30 712.0 2.2 17.7 2.8 21.8 270.8 21.1 4952 5116 5120 5127 5130 5106 5180 5121 5227 5235SS 5123 5212 5176 5111 5110 5109 AHP ALAQAR AMFIRST ARREIT ATRIUM AXREIT CMMT HEKTAR IGBREIT KLCC MQREIT PAVREIT SUNREIT TWRREIT UOAREIT YTLREIT 0.990 1.320 0.790 0.845 1.080 1.700 1.420 1.500 1.280 6.880 1.150 1.520 1.520 1.180 1.560 1.040 UNCH -0.020 UNCH UNCH UNCH UNCH -0.020 UNCH UNCH 0.010 0.020 -0.030 0.010 -0.010 UNCH 0.020 10 3 53.3 13.2 9.5 32.4 29.4 12 1400.7 503.2 89.8 33.4 1808.2 6 0.1 78.8 1.000 1.330 1.019 1.030 0.000 3.340 1.427 1.520 1.216 5.970 1.180 1.300 1.264 1.509 0.000 1.033 38.37 12.72 15.64 4.42 7.78 14.05 11.45 11.69 13.06 12.92 10.74 8.84 8.22 7.13 13.38 14.50 7.27 5.83 7.00 7.68 8.61 5.16 6.33 7.00 6.54 4.89 7.29 5.40 5.74 5.42 7.08 7.66 99.0 919.0 542.3 484.4 131.5 1,862.4 2,875.2 601.0 4,436.0 12,420.7 760.6 4,587.1 4,468.9 331.0 659.7 1,377.4 CLIQ REACH SONA 0.675 0.610 0.435 0.005 0.010 Unch 291.3 484.9 1023 0.675 0.000 0.440 — — — — — — 425.9 779.5 613.7 CLOSING (RM) +/– (RM) VOL (‘000) VWAP* (RM) PE# (X) DY (%) MKT CAP (MIL) 0.000 0.128 0.315 0.149 0.000 0.082 0.000 0.140 0.214 0.305 0.196 0.146 0.180 — 0.080 0.000 0.222 0.470 — 70.74 — 34.88 — 11.00 — 11.15 — — 25.61 — — 13.01 65.79 14.44 16.94 — — 37.50 1.13 — 0.38 — — — 0.73 — — 4.76 — — 1.71 — — — — — — 58.5 36.8 162.8 50.8 67.8 43.9 140.5 28.3 23.1 117.6 36.3 29.2 78.1 18.8 74.4 25.5 86.1 40.9 30.8 5234 5256 5241 Ace Market YEAR HIGH YEAR LOW DAY HIGH INDUSTRIAL PRODUCTS 0.790 0.210 0.680 0.150 0.070 0.085 0.590 0.252 0.460 0.320 0.135 0.240 0.370 0.145 0.335 0.093 0.040 0.055 0.530 0.243 0.465 0.185 0.070 0.090 0.515 0.110 0.175 0.235 0.085 0.105 0.275 0.120 0.150 0.180 0.070 0.115 0.435 0.235 0.355 0.180 0.105 — 0.150 0.055 0.070 0.180 0.085 0.105 0.315 0.120 0.155 0.415 0.145 0.195 0.250 0.150 — TECHNOLOGY 0.290 0.130 0.165 1.600 0.300 — 0.015 0.005 — 1.160 0.800 0.885 0.395 0.165 0.210 0.120 0.015 0.065 0.150 0.055 0.055 0.145 0.050 0.060 0.142 0.060 0.070 0.430 0.190 0.270 0.145 0.050 0.055 0.260 0.110 0.160 0.070 0.030 — 0.195 0.085 0.115 0.155 0.069 0.120 1.854 0.372 0.895 0.095 0.045 0.060 0.230 0.085 0.150 0.210 0.100 0.130 0.430 0.165 0.215 0.705 0.443 — 0.565 0.120 0.400 0.670 0.180 0.240 0.085 0.040 0.045 0.415 0.100 0.170 0.265 0.105 — 0.160 0.050 0.065 0.660 0.360 — 1.950 0.500 1.120 0.469 0.290 0.345 0.115 0.070 — 0.877 0.368 0.710 0.380 0.180 — 0.365 0.175 0.260 0.265 0.080 0.080 0.931 0.606 — 0.090 0.025 0.035 0.145 0.055 0.075 0.250 0.095 0.115 0.420 0.120 0.230 1.307 0.488 0.780 0.460 0.262 0.370 0.060 0.030 0.045 0.430 0.100 0.260 0.188 0.075 0.090 0.530 0.288 0.440 0.165 0.030 0.050 0.660 0.395 0.490 0.930 0.170 0.270 0.175 0.065 0.100 0.388 0.163 0.335 0.225 0.090 — 0.397 0.104 0.240 0.260 0.100 0.110 0.160 0.080 0.120 0.425 0.140 0.175 0.460 0.070 0.075 0.425 0.055 0.265 0.490 0.110 0.145 0.647 0.485 0.575 TRADING SERVICES 0.280 0.180 — 0.200 0.095 — 0.260 0.050 0.060 0.344 0.186 — 0.335 0.205 — 0.705 0.350 0.390 0.380 0.280 — 0.275 0.100 0.210 0.240 0.150 — 0.370 0.120 0.195 0.400 0.270 — 0.330 0.136 0.205 0.055 0.005 0.010 0.240 0.130 0.170 0.900 0.575 — 1.290 0.480 — 2.670 1.105 1.710 0.310 0.192 0.260 0.560 0.325 — 1.240 0.450 1.190 0.245 0.100 — 0.060 0.030 0.040 0.110 0.045 0.080 FINANCE 0.730 0.390 0.500 DAY LOW CODE COUNTER 0.620 0.080 0.450 0.235 0.320 0.050 0.455 0.085 0.170 0.100 0.135 0.115 0.345 — 0.065 0.105 0.155 0.190 — 0105 0072 0163 0102 0100 0109 0175 0160 0162 0024 0025 0070 0049 0038 0133 0001 0028 0055 0084 ASIAPLY AT CAREPLS CONNECT ESCERAM FLONIC HHGROUP HHHCORP IJACOBS JAG LNGRES MQTECH OCNCASH PTB SANICHI SCOMNET SCOPE SERSOL TECFAST 0.665 0.085 0.450 0.235 0.330 0.055 0.455 0.085 0.170 0.105 0.150 0.115 0.350 0.125 0.065 0.105 0.155 0.190 0.180 0.045 Unch -0.010 -0.005 0.005 Unch Unch -0.005 -0.005 0.005 0.010 Unch -0.010 — Unch Unch Unch -0.005 — 861.8 2920.5 439.1 6538.3 3182.4 5577.8 1747.6 1137.2 199 1594 31.6 1863.4 832.4 — 4996 54.5 20 431.1 — 0.160 — — 0.865 0.195 0.055 0.055 0.060 0.065 0.265 0.055 0.155 — 0.110 0.115 0.860 0.060 0.140 0.120 0.205 — 0.395 0.235 0.045 0.160 — 0.065 — 1.080 0.330 — 0.675 — 0.240 0.080 — 0.035 0.070 0.115 0.230 0.735 0.360 0.045 0.250 0.080 0.430 0.050 0.460 0.255 0.095 0.330 — 0.230 0.110 0.120 0.170 0.070 0.250 0.145 0.570 0119 0068 0039 0098 0079 0022 0152 0131 0154 0107 0116 0104 0045 0074 0174 0023 0034 0094 0069 0010 0146 0127 0111 0036 0176 0017 0075 0155 0126 0112 0085 0113 0103 0156 0092 0108 0020 0096 0026 0018 0035 0040 0005 0123 0007 0106 0135 0178 0117 0169 0093 0129 0050 0132 0060 0120 0066 0141 0086 0009 APPASIA ASDION ASIAEP BAHVEST CWORKS CYBERT DGB DGSB EAH EDUSPEC FOCUS GENETEC GNB GOCEAN IDMENSN IFCAMSC INGENCO INIX INSTACO IRIS JFTECH JHM K1 KGROUP KRONO M3TECH MEXTER MGRC MICROLN MIKROMB MLAB MMSV MNC MPAY MTOUCHE N2N NETX NEXGRAM NOVAMSC OMEDIA OPCOM OPENSYS PALETTE PRIVA PUC REXIT SCN SEDANIA SMRT SMTRACK SOLUTN SRIDGE SYSTECH TDEX TMS VIS VSOLAR WINTONI YGL YTLE 0.165 0.440 0.010 0.875 0.210 0.060 0.055 0.060 0.070 0.270 0.055 0.160 0.040 0.115 0.120 0.880 0.060 0.145 0.130 0.210 0.650 0.395 0.240 0.045 0.170 0.130 0.065 0.590 1.090 0.335 0.085 0.700 0.190 0.260 0.080 0.690 0.035 0.070 0.115 0.230 0.760 0.365 0.045 0.255 0.085 0.435 0.050 0.480 0.265 0.095 0.330 0.120 0.235 0.110 0.120 0.175 0.070 0.250 0.145 0.575 Unch — — -0.010 -0.005 -0.005 Unch -0.005 0.005 Unch Unch Unch — Unch -0.005 0.010 Unch -0.010 0.015 0.005 — -0.005 Unch -0.005 Unch — Unch — -0.030 0.005 — -0.010 — 0.005 -0.005 — Unch -0.005 -0.005 0.010 Unch Unch 0.005 Unch -0.005 -0.015 Unch Unch -0.005 -0.005 -0.005 — -0.005 0.005 Unch -0.005 -0.005 -0.015 -0.005 Unch 53.9 — — 84.2 5.6 1441.4 258 60 10131.1 33.1 230 276.2 — 58.6 5166.6 46176.6 3123 405.5 7219.2 16215.7 — 323.9 2538.4 49.9 1464.8 — 113 — 54.4 1026 — 1383.9 — 11853.6 310 — 350 2744.3 2329.1 19.7 746.2 1212.4 144 8753.4 6336 669.4 50 75.5 1011.2 336.8 252 — 2676.8 81.4 262 313 2253 2739.1 48 306 0.111 — — — — — 1.193 — 0.185 — 0.070 6.32 0.216 — 0.073 15.00 0.208 — 0.126 36.00 0.075 — 0.130 6.61 — 3.42 0.169 115.00 0.123 — 0.085 13.29 0.079 — 0.146 — 0.262 — 0.275 — — 26.86 0.000 19.95 0.327 10.13 0.066 — 0.000 2.82 — — 0.100 — — 15.28 0.000 26.01 0.260 11.55 — — 0.203 9.78 — 24.36 0.115 162.50 0.187 — — 34.67 0.070 — 0.088 17.95 0.070 52.27 0.000 — 0.745 19.69 0.170 11.89 0.047 — 0.100 22.17 0.221 11.18 0.402 14.80 0.000 — 0.000 15.48 0.224 294.44 0.100 — 0.322 13.04 — — 0.105 27.33 0.121 — 0.066 — 0.585 13.78 0.000 — 0.060 — 0.000 — 0.630 21.62 — — — — — — — — — — — — — — — 1.14 — — — — 1.15 — 2.08 — — — — — 2.75 1.49 — 2.86 — — — 1.45 — — — — 2.63 2.74 — 0.98 — 3.45 — — — — 3.03 — 2.55 — — — — — — 6.96 46.4 51.2 8.1 373.6 25.4 6.0 26.9 81.4 104.4 228.4 38.8 56.3 11.6 30.3 59.4 491.9 57.2 20.2 169.1 428.5 81.9 48.6 103.9 26.1 40.3 24.1 12.8 55.5 165.8 94.4 15.9 114.1 17.9 184.7 18.5 303.7 21.9 131.8 57.3 49.1 122.5 81.5 13.1 142.3 90.6 82.4 10.0 96.0 69.0 26.9 65.9 14.5 74.6 41.3 57.4 19.4 21.2 128.3 28.1 776.3 — — 0.050 — — 0.385 — 0.185 — 0.175 — 0.205 0.010 0.170 — — 1.710 0.245 — 1.160 — 0.035 0.075 0122 0048 0150 0011 0157 0081 0147 0167 0153 0177 0006 0171 0110 0080 0032 0173 0158 0161 0137 0089 0145 0140 0165 AIM ANCOMLB ASIABIO BTECH FOCUSP IDEAL INNITY MCLEAN OVERSEA PASUKGB PINEAPP PLABS RA RAYA REDTONE REV SCC SCH STEMLFE TEXCYCL TFP UTOPIA XOX 0.240 0.115 0.055 0.230 0.270 0.385 0.300 0.185 0.155 0.185 0.280 0.205 0.010 0.170 0.650 0.540 1.710 0.260 0.385 1.180 0.150 0.035 0.080 — — — — -0.005 7645.5 — — — — -0.005 72 — — Unch 0.2 — — 0.010 14681.1 — — Unch 530.1 Unch 30 -0.020 20 — — — — Unch 5 0.005 5597.3 — — -0.020 180.6 — — Unch 90 Unch 983.2 — 120.00 — — 0.103 — — 14.20 — 54.00 0.078 13.51 — 65.22 0.000 — — — 0.165 — — — 0.150 11.65 0.050 — 0.000 — — 28.63 — — 1.000 10.85 0.000 12.87 — — 0.466 37.34 — — 0.077 — 0.164 32.00 — — — 2.74 3.70 — — — 3.87 — — 2.44 — — — — 2.92 5.77 7.79 0.21 — — — 63.9 54.4 47.7 58.0 44.6 71.5 41.5 21.7 38.0 54.6 13.6 42.4 9.7 22.2 492.0 72.7 73.1 107.2 95.3 201.5 30.8 34.6 26.6 0.470 0053 OSKVI 0.500 0.536 4.00 98.5 0.010 7.3 — 36 Markets FR I DAY SEP TEM B ER 2 5 , 2 0 1 5 • 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 E S Bursa Malaysia Equity Derivatives Main Market & Ace Market Warrants YEAR HIGH YEAR LOW DAY HIGH DAY LOW CODE 0.070 0.120 0.100 0.150 0.065 0.310 0.315 0.435 0.100 0.100 0.095 0.195 0.300 0.145 0.205 0.225 0.130 0.100 0.205 0.080 0.145 0.650 0.310 0.140 0.045 0.275 0.080 0.860 0.220 0.285 0.330 0.145 0.860 0.038 0.237 0.720 0.450 0.200 0.185 0.085 0.305 0.190 0.225 1.950 0.405 0.565 0.035 0.360 0.095 0.675 0.125 0.210 0.350 0.195 0.065 0.105 0.220 0.095 0.170 0.080 0.235 0.550 0.035 0.071 0.086 0.220 0.120 0.850 0.135 0.325 0.350 0.620 0.669 0.680 0.270 0.545 0.750 0.285 0.240 0.940 0.515 0.170 0.435 0.120 0.195 0.340 0.320 0.415 0.135 0.940 0.140 0.225 0.970 1.180 0.150 0.215 0.050 0.735 0.690 0.380 1.060 0.180 0.665 1.320 0.410 0.380 0.635 0.290 1.610 0.575 1.890 0.575 0.920 0.530 0.595 0.770 0.680 1.350 0.920 0.590 0.640 0.625 1.100 0.885 0.725 0.270 0.275 0.070 0.150 0.125 0.335 0.053 0.040 0.145 0.945 0.235 0.695 0.110 2.960 0.175 0.135 0.200 2.950 0.230 0.135 0.219 0.035 0.005 0.005 0.015 0.015 0.090 0.085 0.390 0.005 0.010 0.035 0.080 0.090 0.060 0.010 0.050 0.060 0.005 0.085 0.030 0.055 0.290 0.090 0.010 0.035 0.095 0.040 0.340 0.075 0.035 0.060 0.025 0.410 0.010 0.070 0.255 0.095 0.020 0.045 0.050 0.085 0.085 0.225 0.140 0.160 0.005 0.010 0.150 0.050 0.255 0.020 0.055 0.250 0.005 0.030 0.055 0.035 0.015 0.065 0.020 0.100 0.160 0.005 0.020 0.025 0.080 0.015 0.305 0.035 0.105 0.115 0.040 0.300 0.140 0.085 0.100 0.420 0.140 0.130 0.695 0.475 0.170 0.060 0.035 0.060 0.075 0.055 0.120 0.045 0.540 0.005 0.035 0.005 0.020 0.010 0.010 0.010 0.160 0.305 0.250 0.595 0.140 0.660 0.815 0.220 0.100 0.410 0.175 0.470 0.050 0.500 0.040 0.130 0.080 0.085 0.200 0.160 0.685 0.370 0.100 0.075 0.085 0.480 0.355 0.295 0.195 0.005 0.005 0.025 0.035 0.105 0.015 0.015 0.050 0.300 0.165 0.130 0.010 1.500 0.025 0.075 0.195 0.530 0.125 0.020 0.060 0.055 0.010 0.010 0.085 0.035 0.290 0.280 0.410 0.010 0.015 0.045 0.110 0.140 0.095 0.010 0.080 0.105 0.005 0.085 0.040 0.060 0.360 0.160 0.010 0.035 0.120 0.045 0.485 0.090 0.180 0.185 0.035 0.450 0.015 0.160 0.280 0.135 0.020 0.055 0.055 0.130 0.100 0.225 0.175 0.240 0.005 0.025 0.200 0.050 0.400 0.030 0.075 0.280 0.005 0.030 0.090 0.175 0.045 0.145 0.050 0.230 0.220 0.005 0.035 0.030 0.125 0.050 0.465 0.065 0.165 0.310 0.070 0.385 0.330 0.185 0.205 0.595 0.185 0.170 0.755 0.475 0.170 0.130 0.055 0.075 0.115 0.185 0.280 0.075 0.745 0.010 0.040 0.005 0.030 0.025 0.015 0.025 0.405 0.430 0.380 0.750 0.180 0.665 0.995 0.280 0.140 0.510 0.225 1.150 0.355 1.390 0.305 0.405 0.340 0.350 0.540 0.430 1.160 0.560 0.270 0.280 0.340 0.815 0.675 0.515 0.220 0.015 0.020 0.090 0.085 0.150 0.020 0.020 0.060 0.530 0.185 0.190 0.060 2.180 0.040 0.095 0.200 0.915 0.205 0.035 0.120 0.050 0.010 0.010 0.085 0.035 0.275 0.255 0.390 0.005 0.015 0.040 0.105 0.140 0.095 0.010 0.050 0.095 0.005 0.085 0.035 0.055 0.350 0.140 0.010 0.035 0.115 0.045 0.480 0.090 0.140 0.155 0.035 0.420 0.015 0.155 0.280 0.120 0.020 0.045 0.050 0.130 0.100 0.225 0.175 0.230 0.005 0.025 0.190 0.050 0.385 0.030 0.075 0.250 0.005 0.030 0.090 0.140 0.030 0.125 0.040 0.205 0.200 0.005 0.030 0.030 0.120 0.045 0.445 0.055 0.165 0.310 0.060 0.380 0.310 0.150 0.185 0.570 0.180 0.160 0.745 0.475 0.170 0.115 0.050 0.070 0.105 0.170 0.255 0.065 0.720 0.005 0.035 0.005 0.020 0.025 0.015 0.020 0.375 0.415 0.340 0.715 0.140 0.660 0.965 0.265 0.125 0.495 0.215 1.100 0.325 1.350 0.275 0.325 0.335 0.340 0.510 0.415 1.160 0.520 0.245 0.250 0.315 0.760 0.635 0.475 0.220 0.010 0.010 0.080 0.075 0.150 0.020 0.020 0.055 0.530 0.175 0.170 0.050 2.100 0.035 0.090 0.195 0.880 0.160 0.035 0.115 5238WA 509920 509921 509922 509923 509924 509925 509926 5014CL 1015CV 5194WA 0119WA 52812 52814 5210C2 5210C3 5210C7 5210CY 6399CT 0072WA 6888C3 5258WA 6998WA 3395CW 3395CY 3395WB 7187WA 7036WB 9938WB 7188WA 7188WB 1818C8 7174WA 5229WA 0163WA 7076WA 5195WB 1023C3 1023C6 1023C7 2852CL 2852CM 2852CO 5071WA 2127WA 8591WB 5214WA 7212WA 7277C1 7277WA 6947C3 0029WA 7169WA 161911 161915 161916 5216CB 5216CC 5216CD 5216CE 5216CF 3417WB 0154WA 0154WB 0154WC 3557WC 8206CB 8206WA 1368CC 0107WA 0065WA 6076WA 5056WA 7249WA 9776WB 0650C1 65010 65011 65012 65013 65014 65018 0650C2 0650C3 0650C4 0650C5 0650C6 0650C7 0650C8 0650C9 0650CN 0650CR 0650CS 0650CT 0650CU 0650CX 0650CY 0650CZ 0650H1 65019 0650H2 65021 65023 0650H3 0650H4 0650H5 0650H6 0650H7 0650HF 0650HG 0650HI 0650HK 0650HM 0650HN 0650HO 0650HP 0650HQ 0650HR 0650HT 0650HU 0650HV 0650HW 0650HX 0650HY 0650HZ 0650JA 5222C2 5222C4 5222C6 5222C7 9318WB 0109WA 0109WB 9377WA 7161WA 539821 5226WA 0078CB 2291WA 318223 318224 318226 3182WA 1147WA 0074WA 7676WB WARRANTS AAX-WA AIRASIAC20 AIRASIAC21 AIRASIAC22 AIRASIAC23 AIRASIAC24 AIRASIAC25 AIRASIAC26 AIRPORT-CL AMBANK-CV APFT-WA APPASIA-WA APPLE-C12 APPLE-C14 ARMADA-C2 ARMADA-C3 ARMADA-C7 ARMADA-CY ASTRO-CT AT-WA AXIATA-C3 BIMB-WA BINTAI-WA BJCORP-CW BJCORP-CY BJCORP-WB BKOON-WA BORNOIL-WB BRIGHT-WB BTM-WA BTM-WB BURSA-C8 CAB-WA CAP-WA CAREPLS-WA CBIP-WA CENSOF-WB CIMB-C3 CIMB-C6 CIMB-C7 CMSB-CL CMSB-CM CMSB-CO COASTAL-WA COMFORT-WA CRESBLD-WB CSL-WA DESTINI-WA DIALOG-C1 DIALOG-WA DIGI-C3 DIGISTA-WA DOMINAN-WA DRBHCOMC11 DRBHCOMC15 DRBHCOMC16 DSONIC-CB DSONIC-CC DSONIC-CD DSONIC-CE DSONIC-CF E&O-WB EAH-WA EAH-WB EAH-WC ECOFIRS-WC ECOWLD-CB ECOWLD-WA EDGENTA-CC EDUSPEC-WA EFORCE-WA ENCORP-WA ENGTEX-WA EWEIN-WA FARMBES-WB FBMKLCI-C1 FBMKLCI-C10 FBMKLCI-C11 FBMKLCI-C12 FBMKLCI-C13 FBMKLCI-C14 FBMKLCI-C18 FBMKLCI-C2 FBMKLCI-C3 FBMKLCI-C4 FBMKLCI-C5 FBMKLCI-C6 FBMKLCI-C7 FBMKLCI-C8 FBMKLCI-C9 FBMKLCI-CN FBMKLCI-CR FBMKLCI-CS FBMKLCI-CT FBMKLCI-CU FBMKLCI-CX FBMKLCI-CY FBMKLCI-CZ FBMKLCI-H1 FBMKLCI-H19 FBMKLCI-H2 FBMKLCI-H21 FBMKLCI-H23 FBMKLCI-H3 FBMKLCI-H4 FBMKLCI-H5 FBMKLCI-H6 FBMKLCI-H7 FBMKLCI-HF FBMKLCI-HG FBMKLCI-HI FBMKLCI-HK FBMKLCI-HM FBMKLCI-HN FBMKLCI-HO FBMKLCI-HP FBMKLCI-HQ FBMKLCI-HR FBMKLCI-HT FBMKLCI-HU FBMKLCI-HV FBMKLCI-HW FBMKLCI-HX FBMKLCI-HY FBMKLCI-HZ FBMKLCI-JA FGV-C2 FGV-C4 FGV-C6 FGV-C7 FITTERS-WB FLONIC-WA FLONIC-WB FSBM-WA FUTUTEC-WA GAMUDA-C21 GBGAQRS-WA GDEX-CB GENP-WA GENTINGC23 GENTINGC24 GENTINGC26 GENTING-WA GOB-WA GOCEAN-WA GUNUNG-WB CLOSE (RM) +/(RM) 0.050 0.010 0.010 0.085 0.035 0.275 0.280 0.395 0.005 0.015 0.040 0.110 0.140 0.095 0.010 0.080 0.100 0.005 0.085 0.040 0.055 0.360 0.155 0.010 0.035 0.120 0.045 0.485 0.090 0.160 0.170 0.035 0.440 0.015 0.160 0.280 0.135 0.020 0.055 0.055 0.130 0.100 0.225 0.175 0.235 0.005 0.025 0.190 0.050 0.400 0.030 0.075 0.260 0.005 0.030 0.090 0.160 0.035 0.145 0.050 0.215 0.200 0.005 0.035 0.030 0.125 0.050 0.450 0.060 0.165 0.310 0.070 0.380 0.320 0.185 0.195 0.570 0.185 0.165 0.750 0.475 0.170 0.120 0.050 0.075 0.110 0.180 0.270 0.070 0.725 0.010 0.035 0.005 0.025 0.025 0.015 0.020 0.395 0.425 0.380 0.745 0.150 0.660 0.980 0.280 0.125 0.510 0.225 1.150 0.325 1.350 0.285 0.390 0.340 0.340 0.520 0.420 1.160 0.550 0.270 0.255 0.320 0.805 0.660 0.500 0.220 0.010 0.020 0.090 0.080 0.150 0.020 0.020 0.060 0.530 0.175 0.180 0.050 2.110 0.040 0.090 0.195 0.890 0.190 0.035 0.115 -0.005 -0.005 Unch Unch -0.005 -0.035 -0.005 -0.025 -0.010 Unch -0.005 0.005 -0.005 Unch -0.010 0.015 -0.005 Unch -0.010 Unch -0.045 Unch 0.005 -0.005 -0.005 0.005 Unch 0.015 Unch 0.015 0.005 Unch -0.010 Unch Unch Unch -0.005 -0.005 Unch -0.005 0.005 -0.005 0.045 0.005 -0.015 Unch Unch -0.015 -0.045 0.015 -0.005 -0.010 Unch Unch Unch 0.005 0.025 0.010 0.020 0.005 -0.010 -0.015 Unch Unch -0.005 Unch Unch -0.010 Unch Unch -0.005 0.010 -0.010 -0.010 0.045 -0.015 -0.055 -0.015 Unch -0.100 -0.040 -0.020 -0.020 -0.005 Unch -0.020 -0.030 -0.010 -0.005 -0.045 Unch -0.005 -0.020 -0.010 -0.005 -0.005 -0.005 -0.025 0.010 0.035 0.030 -0.080 -0.120 0.015 0.020 -0.005 0.020 0.015 0.100 -0.015 -0.070 0.005 0.070 -0.010 0.005 0.020 0.030 0.040 0.035 0.020 0.005 0.005 0.065 0.010 0.025 -0.015 Unch Unch 0.005 Unch 0.005 Unch -0.005 0.010 0.020 -0.040 -0.010 -0.010 -0.040 -0.010 -0.015 -0.045 -0.025 0.035 Unch -0.010 VOL PARENT EXE (‘000) PRICE PRICE 4540.6 150 755 70 3387.3 336 9857.2 110 25.1 50 270 128 22.5 100 50 188.4 420 0.1 10 274 60 76 8789.3 380.1 363 349.1 3 221.3 15 5480.4 2786.5 50 63 100 399.1 5 400.2 65 14166 40 70 100 400 10 327.8 83 2205.7 221.1 10 137 16.7 22.2 399.1 300 248 250 1343.8 4447.5 592.2 22000.5 420 170.5 100 377.8 3.6 15 350 451.1 6020 2 40 60 135.7 175 8.6 3723.5 2738.4 590 22704 58 20 1535 2227.6 3233.9 6924.3 230 6252.4 1046.1 1120.9 4221 3807.1 1486.8 350 230 30 921 325 3338.5 2193 87.5 13629.4 1032.2 30 3042.9 595 24739.2 65 114.3 15 34721.1 5.5 46570 282 75 120 1642.1 389.8 13 3601.7 214.7 16323.8 2642.8 1424 1382 1063.3 10 520.2 669.9 709.5 4184.1 54 30 33.3 45 6.8 92 88 400 16.5 256 100 4200 745.6 31313.5 100 140.1 PR’M (%) 0.220 0.460 131.82 0.907 2.500 177.84 1.360 2.300 71.32 1.360 1.650 33.82 1.360 1.800 38.79 1.360 1.050 7.54 1.360 1.200 12.94 1.360 0.900 9.74 5.300 7.095 34.67 4.560 6.000 33.55 0.230 0.400 91.30 0.165 0.130 45.45 487.16 429.79 2.59 487.16 448.90 3.85 0.915 1.000 11.48 0.915 0.980 20.22 0.915 0.950 21.31 0.915 1.270 39.89 2.900 2.650 3.10 0.085 0.120 88.24 5.900 6.700 16.82 3.960 4.720 28.28 0.270 0.200 31.48 0.360 0.400 13.19 0.360 0.380 15.28 0.360 1.000 211.11 0.095 0.200 157.89 0.605 0.100 -3.31 0.370 0.820 145.95 0.320 0.940 243.75 0.320 0.200 15.63 8.070 8.400 6.69 1.000 0.550 -1.00 0.115 1.504 1,222.0 0.450 0.320 6.67 1.800 2.400 48.89 0.270 0.460 120.37 4.720 6.000 28.81 4.720 5.400 19.65 4.720 5.650 24.36 5.220 4.900 5.33 5.220 5.200 13.03 5.220 5.300 23.08 1.880 3.180 78.46 0.735 0.500 0.00 0.990 1.000 1.52 0.110 1.150 968.18 0.585 0.400 0.85 1.590 1.480 2.52 1.590 1.190 0.00 5.480 5.600 6.57 0.200 0.130 2.50 1.160 1.300 34.48 1.340 1.800 35.07 1.340 1.750 35.75 1.340 1.400 17.91 1.360 1.250 9.56 1.360 1.250 0.15 1.360 1.180 13.42 1.360 1.450 18.38 1.360 1.000 5.15 1.610 2.600 73.91 0.070 0.250 264.29 0.070 0.120 121.43 0.070 0.100 85.71 0.280 0.300 51.79 1.500 1.680 20.33 1.500 2.080 68.67 3.320 3.900 25.60 0.270 0.180 27.78 0.610 0.680 62.30 0.780 1.000 37.18 1.090 0.830 11.01 0.715 0.610 30.07 0.550 1.000 115.45 1,613 1,740 10.28 1,613 1,720 13.69 1,613 1,600 4.92 1,613 1,520 1.39 1,613 1,560 8.33 1,613 1,500 4.70 1,613 1,680 11.52 1,613 1,800 13.07 1,613 1,708 10.27 1,613 1,700 8.48 1,613 1,750 10.04 1,613 1,700 7.93 1,613 1,650 6.10 1,613 1,720 8.35 1,613 1,640 10.65 1,613 1,800 12.00 1,613 1,730 8.69 1,613 1,720 6.69 1,613 1,660 3.21 1,613 1,848 16.16 1,613 1,800 12.05 1,613 1,750 9.11 1,613 1,680 9.04 1,613 1,720 17.11 1,613 1,675 13.21 1,613 1,600 8.43 1,613 1,500 -0.50 1,613 1,600 9.41 1,613 1,680 16.29 1,613 1,600 7.87 1,613 1,500 -1.59 1,613 1,520 2.13 1,613 1,500 -1.46 1,613 1,840 28.32 1,613 1,800 25.02 1,613 1,880 33.28 1,613 1,735 19.32 1,613 1,680 8.98 1,613 1,788 25.65 1,613 1,808 28.99 1,613 1,850 30.80 1,613 1,800 24.60 1,613 1,780 24.72 1,613 1,660 9.72 1,613 1,688 18.08 1,613 1,658 15.48 1,613 1,700 18.61 1,613 1,750 19.86 1,613 1,700 14.71 1,613 1,650 9.35 1,613 1,266 -1.06 1.480 2.400 64.19 1.480 2.300 60.81 1.480 1.500 19.59 1.480 1.550 25.81 0.540 1.000 112.96 0.055 0.050 27.27 0.055 0.050 27.27 0.175 0.300 105.71 1.550 0.880 -9.03 4.420 4.300 11.54 0.890 1.300 66.29 1.170 1.500 36.75 9.880 7.750 -0.20 7.260 8.880 24.79 7.260 8.000 20.11 7.260 8.000 22.28 7.260 7.960 21.90 0.570 0.800 73.68 0.115 0.340 226.09 0.405 0.400 27.16 EXPIRY DATE 08/06/2020 01/12/2015 19/02/2016 29/04/2016 29/01/2016 31/05/2016 07/03/2016 18/07/2016 30/09/2015 31/03/2016 13/07/2018 23/12/2024 27/11/2015 29/04/2016 22/10/2015 25/01/2016 07/03/2016 31/12/2015 29/02/2016 29/01/2019 29/01/2016 04/12/2023 15/06/2020 09/12/2015 07/03/2016 22/04/2022 07/07/2023 28/02/2018 12/01/2019 20/12/2019 23/10/2024 29/04/2016 08/02/2020 29/12/2016 09/08/2016 06/11/2019 07/10/2019 09/12/2015 30/12/2015 15/04/2016 02/11/2015 08/06/2016 31/03/2016 18/07/2016 18/12/2015 21/10/2015 18/09/2017 03/10/2016 28/10/2015 10/02/2017 29/01/2016 07/02/2017 10/09/2020 15/12/2015 29/01/2016 30/08/2016 25/01/2016 01/10/2015 28/04/2016 01/12/2015 19/02/2016 21/07/2019 07/12/2015 24/02/2019 18/06/2019 10/09/2019 30/06/2016 26/03/2022 30/12/2015 24/12/2018 17/07/2019 17/03/2016 25/10/2017 09/06/2017 13/07/2018 30/12/2015 29/02/2016 29/02/2016 31/03/2016 31/03/2016 17/03/2016 29/04/2016 30/12/2015 30/06/2016 29/07/2016 31/01/2016 31/01/2016 31/01/2016 31/01/2016 29/02/2016 30/11/2015 29/01/2016 30/09/2015 30/09/2015 31/03/2016 07/12/2015 07/12/2015 30/12/2015 31/01/2016 17/03/2016 29/02/2016 29/04/2016 31/03/2016 29/02/2016 29/02/2016 31/03/2016 31/03/2016 17/03/2016 30/09/2015 30/11/2015 30/09/2015 29/01/2016 30/09/2015 31/03/2016 31/03/2016 07/12/2015 07/12/2015 30/12/2015 30/12/2015 30/06/2016 30/06/2016 29/07/2016 31/01/2016 31/01/2016 31/01/2016 31/03/2016 09/12/2015 31/03/2016 29/07/2016 31/03/2016 12/10/2019 16/06/2017 06/11/2019 16/05/2022 20/12/2017 29/02/2016 20/07/2018 08/06/2016 17/06/2019 30/12/2015 08/06/2016 31/03/2016 18/12/2018 24/12/2019 07/08/2019 02/10/2020 YEAR HIGH YEAR LOW DAY HIGH DAY LOW CODE 0.120 0.130 0.290 0.310 0.250 0.145 0.985 1.000 0.370 0.715 1.090 1.490 2.130 0.020 0.595 1.760 0.170 1.640 0.425 0.110 0.095 0.180 0.075 0.395 0.330 0.325 0.225 0.145 0.155 0.430 0.240 0.420 0.185 0.260 0.500 0.313 0.240 0.415 0.390 1.690 0.950 0.615 0.100 0.290 0.065 0.070 0.150 0.416 0.300 0.175 0.130 0.220 0.450 0.120 0.060 0.045 0.275 0.155 0.060 0.215 0.405 0.660 0.140 0.245 0.445 1.950 0.255 0.280 0.055 0.350 0.255 0.145 0.160 0.160 0.070 0.045 0.070 0.095 0.160 1.740 0.470 0.100 0.140 0.190 0.240 1.140 0.620 1.050 0.230 0.120 0.340 2.599 0.155 0.130 0.150 0.150 0.115 2.690 0.215 0.140 0.070 0.145 0.605 0.320 0.115 0.160 0.225 0.165 1.050 0.710 0.270 1.060 0.355 0.355 1.260 0.440 0.225 0.300 0.185 0.250 0.465 0.260 0.200 0.350 1.200 0.055 0.235 0.155 0.200 0.560 0.165 0.615 0.160 0.155 0.100 0.090 0.200 0.075 0.440 0.245 0.195 0.390 0.400 0.280 0.385 0.270 0.065 0.090 0.060 0.135 0.055 0.535 0.305 0.005 0.010 0.050 0.200 0.145 0.050 0.625 0.370 0.160 0.240 0.850 1.140 1.500 0.005 0.245 0.285 0.050 1.020 0.150 0.015 0.030 0.105 0.065 0.150 0.050 0.020 0.070 0.035 0.050 0.025 0.030 0.135 0.015 0.090 0.260 0.065 0.090 0.130 0.220 0.550 0.280 0.260 0.055 0.150 0.025 0.025 0.005 0.145 0.100 0.025 0.020 0.205 0.135 0.020 0.020 0.015 0.005 0.050 0.010 0.155 0.150 0.175 0.020 0.030 0.235 0.500 0.020 0.075 0.015 0.040 0.070 0.055 0.035 0.075 0.030 0.015 0.030 0.025 0.050 0.800 0.280 0.025 0.045 0.110 0.130 0.395 0.220 0.495 0.005 0.010 0.205 0.705 0.015 0.045 0.065 0.070 0.115 1.300 0.030 0.020 0.020 0.005 0.090 0.085 0.005 0.070 0.180 0.100 0.180 0.060 0.045 0.620 0.055 0.045 0.690 0.143 0.040 0.100 0.050 0.115 0.200 0.120 0.045 0.205 0.360 0.015 0.025 0.035 0.105 0.130 0.060 0.195 0.025 0.015 0.010 0.030 0.045 0.015 0.110 0.035 0.025 0.025 0.100 0.130 0.040 0.085 0.015 0.035 0.015 0.030 0.005 0.360 0.110 0.005 0.015 0.245 0.255 0.175 0.065 0.960 0.450 0.260 0.265 0.910 1.330 1.840 0.005 0.265 0.800 0.075 1.330 0.200 0.025 0.060 0.115 0.070 0.155 0.070 0.070 0.085 0.050 0.080 0.040 0.120 0.175 0.035 0.115 0.360 0.085 0.125 0.175 0.320 0.710 0.800 0.330 0.065 0.200 0.030 0.035 0.010 0.185 0.150 0.090 0.090 0.205 0.200 0.035 0.035 0.020 0.005 0.065 0.020 0.170 0.240 0.250 0.060 0.065 0.400 0.740 0.095 0.115 0.030 0.235 0.115 0.080 0.045 0.095 0.035 0.020 0.035 0.035 0.080 0.990 0.320 0.040 0.070 0.120 0.165 0.760 0.240 0.550 0.015 0.050 0.305 1.280 0.045 0.055 0.070 0.080 0.115 1.600 0.050 0.025 0.025 0.005 0.160 0.130 0.010 0.080 0.225 0.140 0.795 0.165 0.085 0.705 0.085 0.080 0.960 0.310 0.045 0.100 0.055 0.170 0.235 0.135 0.110 0.275 0.550 0.020 0.025 0.065 0.155 0.485 0.060 0.245 0.025 0.040 0.055 0.090 0.200 0.065 0.110 0.045 0.025 0.045 0.165 0.150 0.165 0.150 0.020 0.055 0.025 0.045 0.005 0.410 0.155 0.005 0.015 0.245 0.255 0.170 0.055 0.935 0.400 0.260 0.250 0.900 1.240 1.690 0.005 0.260 0.765 0.075 1.310 0.195 0.020 0.050 0.115 0.065 0.155 0.070 0.065 0.080 0.045 0.080 0.035 0.100 0.175 0.015 0.105 0.360 0.085 0.120 0.175 0.320 0.700 0.700 0.330 0.060 0.190 0.030 0.035 0.010 0.180 0.130 0.090 0.090 0.205 0.190 0.035 0.030 0.020 0.005 0.065 0.020 0.155 0.185 0.190 0.060 0.050 0.390 0.740 0.080 0.105 0.025 0.220 0.110 0.080 0.040 0.095 0.035 0.020 0.035 0.025 0.080 0.990 0.315 0.035 0.055 0.110 0.145 0.760 0.220 0.550 0.010 0.045 0.265 1.210 0.045 0.050 0.065 0.080 0.115 1.580 0.045 0.025 0.025 0.005 0.120 0.125 0.005 0.075 0.225 0.140 0.780 0.155 0.080 0.700 0.080 0.075 0.940 0.300 0.040 0.100 0.050 0.170 0.230 0.135 0.105 0.265 0.530 0.020 0.025 0.065 0.145 0.460 0.060 0.245 0.025 0.025 0.035 0.060 0.155 0.065 0.110 0.040 0.025 0.040 0.150 0.145 0.150 0.135 0.015 0.050 0.020 0.040 0.005 0.400 0.145 1503CA 7253WA 3034CK 3034CM 3034CN 9342WB 5095WB 5169WA 7213WB 65111 65112 65113 65114 7013WA 0081WA 0023WA 0166CH 0166WB 3379WB 0069WB 0069WC 1961C7 5249CJ 8834WB 0010WA 0010WB 5175WA 0024WA 8923WA 0111WB 5247CH 3565WE 8303WA 0151WA 5171WA 7164WA 7164WB 7017WB 7153CI 5038WA 2003WC 8494WA 8745WB 7126WA 5068WA 5068WB 8583CY 8583WB 8583WC 5264CA 5264CG 5264CJ 6181WB 5236CD 6012CQ 5189WA 115510 115511 115513 115515 1694WB 3662WB 5186CX 5026WA 9571WD 6114WB 1651C1 1651WA 5150WA 0138CH 0138CJ 0138CK 0138CL 0138CM 0096WA 0096WB 0096WC 7139WA 0083WB 6661WC 5053WC 1295C4 1295C5 1295C6 9997WB 7108WA 8311WC 1945WC 8869CH 8869CL 8869CM 8869WC 5204CB 0007WA 6807CF 6807CG 6807CH 6807WB 5256WA 0133WB 0133WC 7045CE 7073WA 0055WA 4197C2 4197C3 521816 521819 7155WA 0117WA 5241WA 7103WA 1201WA 1201WB 5211WA 0148WA 7106C1 7106C2 7106CZ 7082WB 1538WB 7071WB 534720 534723 7252WA 7079WB 4863C5 4863C7 0101WB 7113CU 7173WA 5401WA 5230CE 514812 514814 514817 514818 5243CY 7091WA 0120WA 0066WA 9679WC 9679WD 9679WE 0141WA 5246CL 5156WB 5156WC 0095WA 5155WA 7122WA 6742WB 2283WA WARRANTS GUOCO-CA HANDAL-WA HAPSENG-CK HAPSENG-CM HAPSENG-CN HARVEST-WB HEVEA-WB HOHUP-WA HOVID-WB HSI-C11 HSI-C12 HSI-C13 HSI-C14 HUBLINE-WA IDEAL-WA IFCAMSC-WA INARI-CH INARI-WB INSAS-WB INSTACO-WB INSTACO-WC IOICORP-C7 IOIPG-CJ IREKA-WB IRIS-WA IRIS-WB IVORY-WA JAG-WA JIANKUN-WA K1-WB KAREX-CH KEURO-WE KFM-WA KGB-WA KIMLUN-WA KNM-WA KNM-WB KOMARK-WB KOSSAN-CI KSL-WA KULIM-WC LBICAP-WA LEWEKO-WB LONBISC-WA LUSTER-WA LUSTER-WB MAHSING-CY MAHSING-WB MAHSING-WC MALAKOF-CA MALAKOF-CG MALAKOF-CJ MALTON-WB MATRIX-CD MAXIS-CQ MAXWELL-WA MAYBANKC10 MAYBANKC11 MAYBANKC13 MAYBANKC15 MENANG-WB MFLOUR-WB MHB-CX MHC-WA MITRA-WD MKH-WB MRCB-C1 MRCB-WA MSPORTS-WA MYEG-CH MYEG-CJ MYEG-CK MYEG-CL MYEG-CM NEXGRAM-WA NEXGRAM-WB NEXGRAM-WC NICE-WA NOTION-WB OSKPROP-WC OSK-WC PBBANK-C4 PBBANK-C5 PBBANK-C6 PENSONI-WB PERDANA-WA PESONA-WC PJDEV-WC PMETAL-CH PMETAL-CL PMETAL-CM PMETAL-WC PRESBHD-CB PUC-WA PUNCAK-CF PUNCAK-CG PUNCAK-CH PUNCAK-WB REACH-WA SANICHI-WB SANICHI-WC SCOMIES-CE SEACERA-WA SERSOL-WA SIME-C2 SIME-C3 SKPETROC16 SKPETROC19 SKPRES-WA SMRT-WA SONA-WA SPRITZER-WA SUMATEC-WA SUMATEC-WB SUNWAY-WA SUNZEN-WA SUPERMX-C1 SUPERMX-C2 SUPERMX-CZ SYF-WB SYMLIFE-WB TAKASO-WB TENAGA-C20 TENAGA-C23 TEOSENG-WA TIGER-WB TM-C5 TM-C7 TMCLIFE-WB TOPGLOV-CU TOYOINK-WA TROP-WA TUNEPRO-CE UEMS-C12 UEMS-C14 UEMS-C17 UEMS-C18 UMWOG-CY UNIMECH-WA VIS-WA VSOLAR-WA WCT-WC WCT-WD WCT-WE WINTONI-WA WPRTS-CL XDL-WB XDL-WC XINGHE-WA XINQUAN-WA YFG-WA YTLPOWR-WB ZELAN-WA CLOSE (RM) +/(RM) 0.005 0.015 0.245 0.255 0.175 0.065 0.940 0.420 0.260 0.265 0.910 1.240 1.770 0.005 0.260 0.780 0.075 1.310 0.200 0.020 0.060 0.115 0.065 0.155 0.070 0.070 0.085 0.045 0.080 0.035 0.115 0.175 0.035 0.115 0.360 0.085 0.120 0.175 0.320 0.710 0.800 0.330 0.060 0.190 0.030 0.035 0.010 0.185 0.150 0.090 0.090 0.205 0.200 0.035 0.035 0.020 0.005 0.065 0.020 0.165 0.240 0.235 0.060 0.065 0.395 0.740 0.080 0.115 0.030 0.235 0.110 0.080 0.040 0.095 0.035 0.020 0.035 0.035 0.080 0.990 0.315 0.040 0.060 0.110 0.155 0.760 0.230 0.550 0.010 0.045 0.295 1.220 0.045 0.050 0.065 0.080 0.115 1.580 0.045 0.025 0.025 0.005 0.120 0.130 0.010 0.080 0.225 0.140 0.785 0.165 0.085 0.700 0.080 0.075 0.960 0.300 0.045 0.100 0.055 0.170 0.230 0.135 0.105 0.265 0.550 0.020 0.025 0.065 0.150 0.460 0.060 0.245 0.025 0.025 0.050 0.075 0.190 0.065 0.110 0.045 0.025 0.040 0.165 0.145 0.150 0.135 0.020 0.055 0.020 0.045 0.005 0.400 0.150 Unch Unch 0.005 0.010 0.010 -0.020 -0.020 -0.040 -0.005 -0.050 -0.035 -0.200 -0.090 -0.005 -0.005 0.010 -0.005 -0.030 -0.005 Unch 0.015 Unch -0.005 -0.020 Unch -0.005 0.005 -0.005 0.010 -0.005 0.020 0.010 0.015 0.015 0.020 -0.005 -0.005 -0.020 -0.005 -0.045 0.020 -0.010 -0.005 -0.010 -0.005 Unch Unch -0.005 0.005 0.005 0.010 -0.015 -0.005 0.010 Unch Unch Unch Unch Unch -0.010 0.020 0.035 -0.005 0.025 -0.005 0.025 -0.010 0.010 Unch Unch -0.005 -0.005 -0.005 -0.005 -0.005 Unch Unch Unch Unch Unch -0.005 -0.005 -0.010 -0.015 0.005 -0.050 0.010 -0.020 -0.005 -0.015 -0.025 -0.060 -0.005 -0.010 -0.005 Unch -0.035 Unch Unch Unch Unch Unch -0.060 -0.005 -0.005 -0.010 0.035 -0.010 -0.010 -0.005 -0.005 0.020 -0.005 -0.005 -0.020 -0.015 Unch -0.005 -0.010 -0.005 -0.030 Unch -0.005 Unch 0.010 Unch -0.025 Unch 0.005 0.030 -0.020 Unch -0.005 0.005 0.025 0.015 0.045 Unch -0.030 -0.005 -0.005 -0.010 Unch Unch -0.010 -0.040 Unch Unch -0.005 0.005 -0.005 -0.010 -0.005 VOL PARENT EXE (‘000) PRICE PRICE 11 50 59 4 4.1 1.9 865.8 55.8 599.1 627 55 30 241.4 1 100 6828.9 100 62.9 205 3140.3 2134.8 30 3900 1.9 20 1861.8 104.5 98.5 5 436.7 125.1 1 940.2 170 0.1 1905.8 734 10 50 5 231.5 30 0.6 13 20 250 20 20.1 33.8 30 50 4 105 200 957.6 50 850 100 195 12167.6 41.7 162.3 430 20 384 9 37 7085.5 5535 515.1 65 1599 15588.2 200 884 802.4 860 500.3 50 2.7 479.4 430 25801.3 484 546.6 2 183.5 19.5 120 270 439.1 309.8 225 61.9 4070 200 50 132.5 1280.3 15 50 100 29.3 160 290 280 50 50 1356.7 293.7 3018.9 5.6 186.5 1641.1 237.4 80 2389 521 130 170 1228.8 10 1210 1001 175.6 79.2 10 1 5049.8 80 20 10 15 1966.7 658.8 71683.7 694.1 5 5 121 500 253.6 100.2 431.6 3489.8 40 1535.6 579.6 430 596 2710 300.4 1249.5 1.170 0.340 5.380 5.380 5.380 0.175 1.190 0.920 0.440 11,808 11,808 11,808 11,808 0.015 0.385 0.880 3.280 3.280 0.710 0.130 0.130 3.900 1.890 0.635 0.210 0.210 0.375 0.105 0.240 0.240 3.190 0.815 0.145 0.350 1.190 0.485 0.485 0.390 7.290 1.500 2.910 1.410 0.135 0.735 0.085 0.085 1.340 1.340 1.340 1.570 1.570 1.570 0.760 2.400 6.470 0.095 8.410 8.410 8.410 8.410 0.615 1.320 1.120 0.890 1.040 2.200 1.110 1.110 0.100 2.680 2.680 2.680 2.680 2.680 0.070 0.070 0.070 0.090 0.400 1.950 1.630 17.680 17.680 17.680 0.535 1.540 0.470 1.560 2.090 2.090 2.090 2.090 1.890 0.085 2.580 2.580 2.580 2.580 0.610 0.065 0.065 0.270 0.635 0.190 7.470 7.470 1.920 1.920 1.350 0.265 0.435 1.900 0.150 0.150 3.500 0.420 2.020 2.020 2.020 0.440 0.710 0.500 12.040 12.040 0.550 0.085 6.530 6.530 0.585 7.980 0.630 0.910 1.340 1.150 1.150 1.150 1.150 1.300 1.310 0.175 0.070 1.350 1.350 1.350 0.250 4.170 0.125 0.125 0.060 0.510 0.035 1.590 0.255 Please refer to the bursa malaysia website For the prices of Loan stocks, bonds and overseas structure warrants PR’M (%) 1.600 37.61 0.860 157.35 3.900 -0.19 5.000 9.53 5.000 5.95 0.250 80.00 0.250 0.00 0.600 10.87 0.180 0.00 26,200 123.89 23,000 101.71 21,600 92.37 20,200 84.55 0.200 1,267.0 0.100 -6.49 0.100 0.00 3.400 13.95 2.000 0.91 1.000 69.01 0.310 153.85 0.130 46.15 4.200 16.54 2.000 16.48 1.000 81.89 0.150 4.76 0.150 4.76 0.750 122.67 0.100 38.10 0.320 66.67 0.220 6.25 3.000 6.06 1.180 66.26 0.510 275.86 0.500 75.71 1.680 71.43 0.980 119.59 1.000 130.93 0.300 21.79 7.000 11.39 0.800 0.67 2.770 22.68 1.000 -5.67 0.200 92.59 1.000 61.90 0.100 52.94 0.100 58.82 1.680 26.57 1.440 21.27 2.100 67.91 1.700 25.48 2.000 33.12 1.400 15.29 1.000 57.89 2.657 15.71 7.200 13.45 0.400 342.11 9.000 7.24 8.000 2.85 10.000 19.62 8.800 11.50 1.000 101.63 2.060 73.86 1.250 22.32 1.560 82.58 1.090 42.79 1.890 19.55 1.000 4.50 2.300 117.57 0.180 110.00 2.000 5.32 2.600 9.33 2.800 16.42 3.000 17.01 2.680 21.27 0.100 92.86 0.260 300.00 0.100 92.86 0.160 116.67 1.000 170.00 1.000 2.05 1.800 29.75 19.300 11.43 19.500 13.42 18.000 6.79 0.600 41.12 0.710 -4.55 0.250 2.13 1.000 -0.64 2.680 30.62 2.500 30.38 1.600 11.84 1.100 11.00 2.500 41.80 0.100 76.47 2.700 13.97 2.700 13.95 2.800 21.90 1.000 0.00 0.750 30.33 0.100 92.31 0.100 92.31 0.500 87.04 1.000 76.38 0.180 63.16 8.500 15.13 7.900 10.04 1.800 17.19 1.900 19.38 0.550 -1.11 0.180 30.19 0.350 0.00 1.180 -1.05 0.320 166.67 0.175 66.67 2.500 -1.14 0.100 -4.76 2.250 16.73 2.100 13.86 2.180 16.09 0.700 97.73 1.100 87.32 0.350 -3.00 13.000 14.51 11.000 6.77 1.350 245.45 0.200 158.82 6.800 6.05 7.500 18.84 0.750 53.85 5.200 -0.25 1.500 147.62 1.000 36.81 1.700 32.46 1.280 15.65 1.200 17.39 1.050 10.87 0.930 5.65 1.600 38.08 1.500 22.90 0.250 68.57 0.120 107.14 1.540 17.04 1.710 38.89 2.080 64.81 0.100 0.00 4.300 14.77 0.350 196.00 0.115 36.00 0.100 100.00 1.000 104.90 0.130 285.71 1.140 -3.14 0.250 56.86 EXPIRY DATE 13/11/2015 05/04/2016 29/02/2016 29/01/2016 30/08/2016 25/08/2023 28/02/2020 21/12/2018 05/06/2018 26/02/2016 30/03/2016 30/03/2016 30/03/2016 04/11/2019 29/04/2019 15/02/2016 01/12/2015 17/02/2020 25/02/2020 07/09/2018 22/01/2020 29/01/2016 29/01/2016 25/06/2019 24/06/2016 20/04/2016 26/04/2017 14/08/2019 23/12/2021 11/12/2015 31/03/2016 26/08/2016 19/10/2016 12/06/2019 12/03/2024 15/11/2017 21/04/2020 21/01/2020 29/01/2016 19/08/2016 26/02/2016 17/04/2018 08/09/2020 26/01/2020 03/06/2022 26/05/2023 25/01/2016 16/03/2018 21/02/2020 28/04/2016 30/06/2016 18/07/2016 29/06/2018 19/02/2016 30/06/2016 24/03/2020 02/10/2015 29/02/2016 31/05/2016 07/03/2016 09/07/2019 09/05/2017 29/04/2016 28/07/2017 23/08/2020 29/12/2017 29/01/2016 14/09/2018 09/11/2017 29/01/2016 09/12/2015 15/01/2016 02/11/2015 30/06/2016 16/05/2022 21/07/2023 15/01/2024 09/08/2017 02/05/2017 28/08/2017 22/07/2020 30/06/2016 29/01/2016 30/09/2016 20/01/2024 26/10/2015 27/01/2020 04/12/2020 29/01/2016 08/06/2016 07/03/2016 22/08/2019 29/04/2016 25/12/2024 30/11/2015 19/02/2016 18/07/2016 20/07/2018 12/08/2022 13/03/2018 24/09/2019 07/04/2016 16/05/2017 18/04/2023 29/02/2016 30/09/2016 31/05/2016 07/03/2016 27/06/2017 01/08/2017 30/07/2018 13/12/2016 03/03/2021 13/11/2018 17/08/2016 14/04/2019 01/12/2015 11/03/2016 29/01/2016 11/11/2019 11/11/2020 02/09/2016 29/01/2016 07/03/2016 29/01/2020 23/12/2018 09/10/2015 30/12/2015 21/06/2019 11/03/2016 20/04/2018 06/12/2019 29/02/2016 30/12/2015 31/03/2016 26/02/2016 30/08/2016 29/07/2016 18/09/2018 01/09/2016 01/12/2017 10/03/2016 11/12/2017 27/08/2020 23/02/2019 30/12/2015 22/01/2017 02/07/2018 22/03/2019 24/06/2019 25/03/2016 11/06/2018 25/01/2019 Markets 3 7 F R I DAY S E P T E MB E R 25, 2015 • T HEED G E FINA NCIA L DA I LY GLOBAL ROUNDUP Singapore China 15 most active counters FT Straits Times STOCK Index points 3600 3300 3000 2,845.74 2700 2,774.06 -22.73 (-0.79%) 2400 Mar 1, 2010 Sept 23, 2015 VOL (MIL) INTL HEALTHWAY NOBLE HEALTHWAY MEDICAL STRATECH ROWSLEY MDR EZRA CHINA YONGSHENG EZION SINGAPORE TELECOMM NAM CHEONG GENTING SINGAPORE TLV NEPTUNE ORIENT LINES THAI BEVERAGE Singapore stocks ended weaker on Wednes- Top gainers day after another weak reading of manu- STOCK facturing data from China. MATEX INTL The Straits Times Index ended the day EASTERN MINING INTL 0.79% lower at 2,845.74 points, after trading CHINA CREATIVE TECH between 2,827.19 and 2,860.1. Decliners TOP GLOBAL VICPLAS INTL outnumbered gainers 239 to 153. A total of 1.35 billion shares worth about LCD GLOBAL INVEST EUROPTRONIC S$1.24 billion changed hands, giving an NAM CHEONG average of 92 Singapore cents per share MAGNUS ENERGY for the entire market. Singapore markets DAPAI INTL closed yesterday for the Hari Raya Aid- STARLAND KLW iladha holiday. NEW WAVE Among the most actively traded counters HLH GROUP on the Singapore Exchange were Interna- Top losers tional Healthway Corporation (IHC), Noble STOCK Group, Healthway Medical Corporation ANNICA (HMC), The Stratech Group and Rowsley. SINOCLOUD IHC fell 8.3% to 8.8 Singapore cents, HL GLOBAL ENTERPRISES SKY INTL while HMC fell 6.9% to 2.7 Singapore cents OCEAN JASPER INVEST after both agreed to revise the terms of CHINA INTL agreement involving IHC’s acquisition of BLUMONT MIYOSHI HMC through a share swap. In the revised proposal, the consider- AMPLEFIELD EPICENTRE ation for each HMC share is 10 Singapore TLV cents and will be satisfied through the is- RESOURCES PRIMA sue of new shares in IHC at an issue price ICP HU AN CABLE of 43 Singapore cents each. ALBEDO Australia 240.49 66.24 63.34 56.61 47.53 45.33 45.02 32.55 30.77 28.47 27.42 27.00 26.75 23.78 14.51 CLOSE (S$) 0.088 0.450 0.027 0.039 0.161 0.005 0.121 0.019 0.720 3.700 0.178 0.730 0.235 0.965 0.705 CLOSE (S$) 0.040 0.430 0.450 1.070 0.005 0.086 0.275 0.008 0.178 0.009 0.009 0.159 0.010 0.010 0.011 CLOSE (S$) 0.002 0.002 0.120 0.090 0.004 0.405 0.005 0.050 0.051 0.182 0.235 0.071 0.008 0.008 0.008 +/– (%) -8.33 -3.23 -6.90 -9.30 8.78 UNCH UNCH -9.52 1.41 UNCH 13.38 -2.01 -12.96 6.63 0.71 +/– (%) 100.00 43.33 28.57 25.15 25.00 24.64 19.57 14.29 13.38 12.50 12.50 11.97 11.11 11.11 10.00 +/– (%) -50.00 -33.33 -27.27 -24.37 -20.00 -17.35 -16.67 -16.67 -13.56 -13.33 -12.96 -11.25 -11.11 -11.11 -11.11 Europe ASX 200 Index points 6290 3,079.99 +3.94 (+0.13%) 3800 5,071.666 4,686.53 Mar 1, 2010 +73.535 (+1.47%) Sept 24, 2015 Australian shares finished 1.47% higher yesterday, with gains across all sectors as buyers emerged after steep falls in the previous session. The S&P/ASX 200 index jumped 73.6 points to end at 5,071.67 after closing at its lowest since July 2013 on Wednesday. Despite last Thursday’s gains, the index is still down 1.9% for the week. “It is a sign of confidence,” said analysts. “We have strongly bounced back from 5,000 points which is a key psychological level. The market has been looking oversold so it’s nice to be in the black.” Major banks including Commonwealth Bank and Westpac were up more than 1% each, while property trusts seen as defensive plays — Scentre and Good groups jumped over 2.5%. Senex Energy jumped as much as 24% on a gas sales deal with Santos Ltd’s GLNG venture. Miners were mixed with Rio Tinto rising 0.65%, while BHP Billiton traded flat. Fortescue fell 1.4%. “From a technical perspective, the ASX 200 continues to form a classic descending triangle, which is a bearish sign formed during a downtrend,” said Stuart McPhee, senior technical analyst at OANDA. New Zealand’s benchmark NZX 50 Index rose 0.4% or 22.47 points to finish the session at 5,676.81. 2445 5800 3,142.69 +26.80 (+0.86%) 4825 3850 2875 1900 3,087.842 Mar 1, 2010 Sept 24, 2015 VOL (MIL) CLOSE (RMB) SDIC POWER HOLDINGS GUANGDONG MEIYAN JIXIAN JIHUA GROUP ZHUZHOU KIBING CHINA NATIONAL NUCLEAR CHINA SHIPBUILDING IND SDIC XINJI ENERGY CRRC CORP SHANGHAI ZI JIANG ENTERP CHINA FIRST HEAVY IND SHANGHAI DAZHONG SICHUAN CHANGHONG AGRI BANK OF CHINA ANHUI WANJIANG LOGISTICS DALIAN PORT PDA China stocks rebounded yesterday, but Top gainers investor confidence in the economy re- STOCK HUAYUAN PROPERTY mained shaky, capping gains. The CSI 300 Index of the largest listed KAILUAN ENERGY CHEMICAL CHANGZHENG companies in Shanghai and Shenzhen rose GUIZHOU NINGBO ORIENT 0.7% to 3,285 points, while the Shanghai HARBIN DONGAN AUTO Composite Index gained 0.9% to 3,142.69. CECEP WIND-POWER SHENQI PHARMA Among the most active stocks in Shang- SHANGHAI LIUZHOU CHEMICAL IND hai were Huajing, down 3.1% to 9.46 yuan; DALIAN RUBBER & PLASTICS Meiyan Jixiang, up 10% to 5.83 yuan and SHAANXI BAOGUANG VACUUM NANJING INFORM STORAGE Jihua Group, up 9% to 13.10 yuan. GLASS In Shenzhen, XCMG Machinery, down LUOYANG HARBIN VITI ELECTRONICS 3.8% to 4.61 yuan; Ductile Pipes, down ANHUI HENGYUAN COAL IND 0.5% to 7.71 yuan; and Yotrio Group, down JIANGSU JIANGNAN HIGH 7.9% to 7.46 yuan were among the most Top losers actively traded. STOCK Total volume of A shares traded in Shang- HARBIN AIR CONDITIONING hai was 21.2 billion shares, while Shenzhen XINJIANG TIANYE HEFEI METALFORMING volume was 22.1 billion shares. JIANGQUAN IND The Hang Seng Index fell 1% to 21,095.98, SHANDONG SHENYANG JINBEI AUTO while the China Enterprises Index lost 1.1% ARTS to 9,469.81. ZHUZHOU KIBING Among the most actively traded stocks XIAMEN OVERSEAS CHINESE JINGGU FORESTRY on Hong Kong’s main board were Ngai YUNNAN SHANXI ANTAI Shun Holdings, down 9.5% to HK$0.02, ANHUI WANJIANG LOGISTICS Carnival Group, up 9.5% to HK$1.04 , and BEIJING DAHAO TECH China Properties Investment Holdings, SHANGHAI POTEVIO BEIJING DYNAMIC POWER down 6% to HK$0.14. ANXIN TRUST 7200 6590 9.460 5.830 13.090 4.960 9.590 10.430 10.250 13.790 6.200 9.380 8.190 6.210 3.090 5.400 5.700 +/– (%) -3.07 10.00 8.90 -6.59 1.91 0.97 4.91 1.55 0.16 3.99 0.99 1.64 -0.32 -4.42 9.62 CLOSE (RMB) +/– (%) 5.900 5.580 13.370 13.810 9.100 16.890 20.970 6.040 7.910 15.390 34.740 25.620 27.420 6.160 6.160 10.07 10.06 10.04 10.04 10.04 10.03 10.02 10.02 10.01 10.01 10.01 10.00 10.00 10.00 10.00 CLOSE (RMB) +/– (%) 16.960 12.960 21.310 11.020 5.240 43.530 4.960 6.080 17.360 3.890 5.400 39.500 28.410 10.100 16.180 -10.07 -10.00 -9.97 -9.97 -9.97 -8.15 -6.59 -5.00 -4.98 -4.89 -4.42 -3.56 -3.56 -3.44 -3.40 Dow Jones Index points 18580 16310 5,405.94 5370 729.58 534.54 303.71 265.30 225.39 222.46 191.29 188.77 158.95 158.37 154.37 152.61 141.03 136.22 132.27 United States Index points 5980 2930 4630 Index points FTSE 100 Index points 3415 5460 STOCK United Kingdom Euro STOXX 50 Index 3900 15 most active counters Shanghai Composite 6,032.25 +96.40 (+1.62%) 14040 10,403.79 11770 16,279.89 -50.58 (-0.97%) 2,772.70 4760 1960 Mar 1, 2010 Sept 23, 2015 European stocks closed little changed in volatile trade on Wednesday, with a rebound in automakers led by Volkswagen and gains in travel stocks offset by weaker banks. The pan-European FTSEurofirst 300 Index ended 0.02% higher, giving up earlier gains as Wall Street declined. Some investors were taking advantage of recent share price falls and finding value in some stocks. Among national indices, Germany’s DAX rose 0.44%, while Spain’s IBEX fell 0.79%. Shares in Volkswagen rose 5.19%. It had lost about a third of its value in the previous two sessions after the German carmaker got caught up in a scandal that Deutsche Bank called an “investor’s nightmare” and which led to the resignation of Chief Executive Officer Martin Winterkorn. The United States has accused Volkswagen of rigging its cars to conceal their emissions level when the engines were tested. Traders said Volkswagen’s rise, accompanied by other gains by carmakers, were triggered by short covering. They cautioned against taking positions in the stock, whose price swung from an initial fall of nearly 10% to a gain of almost 9%. The European oil and gas index rose 0.71%, reducing earlier gains as crude prices turned lower on large builds in gasoline that raised concerns about high autumn fuel supplies. Mar 1, 2010 9500 Sept 23, 2015 Britain’s top equity index recovered on Wednesday from a slump in the previous session, as rising oil prices led to gains by energy stocks. The FTSE 100 Index, which had fallen 2.8% in the previous session, closed up 1.6% at 6,032.25 points. Oil prices stabilised on Wednesday as a decline in US inventories offset weak economic data from China. Energy groups such as BP and Royal Dutch Shell advanced. “There’s a bit of support coming through the oil price, which is acting as a trigger for the FTSE to reclaim some ground,” said Hantec Markets analyst Richard Perry. Airline IAG rose 4.8%, leading the index higher, after Morgan Stanley lifted its forecasts for IAG, saying that the company was its top pick in the sector. Easyjet was up 3.5%. Brenda Kelly, head analyst at London Capital Group, said IAG looks set to be one of the main beneficiaries of lower fuel hedging costs. The FTSE 100 reached a record high of 7,122.74 in late April, but has since fallen back. The FTSE 100 is down by nearly 10% since the start of 2015, hit by concerns over an economic slowdown in China and the prospect of an interest rate rise in the United States. Mar 1, 2010 Sept 23, 2015 US stocks ended down slightly on Wednesday, led by losses in materials and energy shares as weak Chinese and US factory data added to growth worries. The Dow Jones industrial Average fell 50.58 points, or 0.31%, to 16,279.89; the S&P 500 lost 3.98 points, or 0.2%, to 1,938.76; and the Nasdaq Composite dropped 3.98 points, or 0.08%, to 4,752.74. Trading was choppy once again, with the S&P 500 briefly trading higher following afternoon comments by Chinese President Xi Jinping that his country was capable of maintaining a relatively high growth rate for a long time. The S&P 500 is down 2.8% since last Thursday, when the US Federal Reserve decided to hold interest rates near zero. Data showed US manufacturing growth stayed at a two-year low in September, while Chinese factory activity shrank to a 6½-year low in the month, underscoring worries about demand. Boeing Co said it had won orders and commitments from China for aircraft valued at about US$38 billion at list prices. But its shares fell 1.7% to US$131.67. The S&P materials index, down 2.1%, led the decline of the S&P 500 for a second day, followed by the energy index, which was down 1.4%. — Agencies 38 Markets FR I DAY SEP TEM B ER 2 5 , 2 0 1 5 • TH EEDGE F I N AN C I AL DAI LY INSIDER MOVES . TRADING THEMES . EVENTS . FOREX Trading themes Insider moves (Filings on Sept 22, 2015) Eurozone business surveys Insider Moves show what substantial shareholders are doing with their stakes, which could be a signal of their views on the company’s outlook. COMPANY SHARES ACQUIRED (DISPOSED) ALLIANCE FINANCIAL GROUP AMMB AXIATA GROUP (706,800) (6,250,000) 3,050,000 AXIATA GROUP AXIS REAL ESTATE INVEST TRUST 2,112,200 2,808,500 AXIS REAL ESTATE INVEST TRUST (510,000) CAHYA MATA SARAWAK COASTAL CONTRACTS CYPARK RESOURCES DIALOG GROUP DIALOG GROUP (300,000) (436,300) 2,000,000 (2,800,000) 3,000,000 DIGI.COM ECOFIRST CONSOLIDATED EG INDUSTRIES FRASER & NEAVE (6,040,000) 770,000 (350,000) (500,000) GAMUDA GAMUDA 1,200,000 (3,168,400) GENTING PLANTATIONS (500,000) GENTING PLANTATIONS GLOBETRONICS TECHNOLOGY HONG LEONG BANK IGB CORPORATION IHH HEALTHCARE IJM CORPORATION INARI AMERTRON (300,000) 940,400 (1,149,100) 816,000 (4,272,100) 1,400,000 (2,414,700) IOI CORPORATION IRE-TEX CORPORATION KLCC REAL ESTATE INVEST TRUST (2,640,000) 2,362,900 482,500 KNM GROUP KUALA LUMPUR KEPONG LAFARGE MALAYSIA 500,000 (527,500) 693,400 MALAKOFF CORPORATION MALAKOFF CORPORATION 380,000 (2,834,900) MALAYAN BANKING MALAYSIA AIRPORTS MAXIS MAXIS (5,935,400) (356,187) (1,245,500) (3,333,400) MEDIA PRIMA MMC CORPORATION MULTI SPORTS LTD MY E.G. SERVICES MY E.G. SERVICES (1,789,000) 1,801,200 3,265,600 (1,000,000) 796,800 PETRONAS DAGANGAN PETRONAS GAS PUBLIC BANK SAPURAKENCANA PETROLEUM SCGM 367,800 320,300 (2,532,700) (7,727,900) 500,000 SIME DARBY (4,000,000) SUNWAY REAL ESTATE INVEST TRUST 1,000,000 SUNWAY REAL ESTATE INVEST TRUST SYARIKAT TAKAFUL MALAYSIA TELEKOM MALAYSIA (465,800) 460,500 726,000 TENAGA NASIONAL TENAGA NASIONAL (5,788,000) 5,000,000 UMW UMW (2,873,200) 2,750,000 YTL CORPORATION YTL POWER INTERNATIONAL (4,000,000) (2,000,000) DIRECTOR/SUBSTANTIAL SHAREHOLDER SHARES HELD AFTER CHANGE TRANSACTION DATE EMPLOYEES PROVIDENT FUND BOARD 283,319,040 EMPLOYEES PROVIDENT FUND BOARD 502,097,537 AMANAHRAYA TRUSTEES 930,652,616 - SKIM AMANAH SAHAM BUMIPUTERA EMPLOYEES PROVIDENT FUND BOARD 1,284,656,255 AMANAHRAYA TRUSTEES 128,000,000 - SKIM AMANAH SAHAM BUMIPUTERA KUMPULAN WANG PERSARAAN 70,772,692 (DIPERBADANKAN) EMPLOYEES PROVIDENT FUND BOARD 81,673,627 EMPLOYEES PROVIDENT FUND BOARD 28,267,600 LEMBAGA TABUNG HAJI 20,577,610 EMPLOYEES PROVIDENT FUND BOARD 589,779,844 KUMPULAN WANG PERSARAAN 259,322,516 (DIPERBADANKAN) EMPLOYEES PROVIDENT FUND BOARD 1,062,233,640 TEOH SENG AUN 79,462,182 TERENCE TEA YEOK KIAN 90,900 AMANAHRAYA TRUSTEES 63,000,000 - SKIM AMANAH SAHAM BUMIPUTERA EMPLOYEES PROVIDENT FUND BOARD 252,958,805 AMANAHRAYA TRUSTEES 197,000,000 - SKIM AMANAH SAHAM BUMIPUTERA KUMPULAN WANG PERSARAAN 39,808,900 (DIPERBADANKAN) EMPLOYEES PROVIDENT FUND BOARD 114,459,900 EMPLOYEES PROVIDENT FUND BOARD 17,593,400 EMPLOYEES PROVIDENT FUND BOARD 254,322,183 GOLDIS 979,706,103 EMPLOYEES PROVIDENT FUND BOARD 738,244,400 EMPLOYEES PROVIDENT FUND BOARD 493,238,878 KUMPULAN WANG PERSARAAN 61,058,249 (DIPERBADANKAN) EMPLOYEES PROVIDENT FUND BOARD 591,977,359 SOO TEE WEI 4,862,900 AMANAHRAYA TRUSTEES 108,764,600 - SKIM AMANAH SAHAM BUMIPUTERA EMPLOYEES PROVIDENT FUND BOARD 114,556,720 EMPLOYEES PROVIDENT FUND BOARD 147,765,838 AMANAHRAYA TRUSTEES 59,211,500 - SKIM AMANAH SAHAM BUMIPUTERA LEMBAGA TABUNG HAJI 505,973,200 KUMPULAN WANG PERSARAAN 322,113,734 (DIPERBADANKAN) EMPLOYEES PROVIDENT FUND BOARD 1,400,533,498 EMPLOYEES PROVIDENT FUND BOARD 223,262,753 EMPLOYEES PROVIDENT FUND BOARD 547,455,700 AMANAHRAYA TRUSTEES 589,736,500 - SKIM AMANAH SAHAM BUMIPUTERA EMPLOYEES PROVIDENT FUND BOARD 165,636,743 LEMBAGA TABUNG HAJI 184,401,600 ERWIN SELVARAJAH PETER SELVARAJAH 31,700,000 UTILICO EMERGING MARKETS LTD, BERMUDA 74,583,800 KUMPULAN WANG PERSARAAN 79,245,400 (DIPERBADANKAN) EMPLOYEES PROVIDENT FUND BOARD 53,712,800 EMPLOYEES PROVIDENT FUND BOARD 230,301,600 EMPLOYEES PROVIDENT FUND BOARD 601,592,963 EMPLOYEES PROVIDENT FUND BOARD 870,869,794 KUMPULAN WANG PERSARAAN 6,609,650 (DIPERBADANKAN) EMPLOYEES PROVIDENT FUND BOARD 834,317,668 AMANAHRAYA TRUSTEES 255,000,000 - SKIM AMANAH SAHAM BUMIPUTERA EMPLOYEES PROVIDENT FUND BOARD 320,195,300 EMPLOYEES PROVIDENT FUND BOARD 84,348,800 AMANAHRAYA TRUSTEES 458,720,495 - SKIM AMANAH SAHAM BUMIPUTERA EMPLOYEES PROVIDENT FUND BOARD 925,186,419 AMANAHRAYA TRUSTEES 510,836,800 - SKIM AMANAH SAHAM BUMIPUTERA EMPLOYEES PROVIDENT FUND BOARD 197,774,493 AMANAHRAYA TRUSTEES 475,600,000 - SKIM AMANAH SAHAM BUMIPUTERA EMPLOYEES PROVIDENT FUND BOARD 744,079,747 EMPLOYEES PROVIDENT FUND BOARD 377,966,791 17/9 17/9 14 & 15/9 Flash Purchasing Manager’s Index (PMI) 11,14 & 15/9 17 & 18/9 9 & 11/9 17/9 17/9 17 & 18/9 17/9 9 - 11/9 17/9 18/9 21/9 15/9 17/9 9 - 11,17 & 18/9 11/9 17/9 17/9 17/9 18 & 21/9 17/9 17/9 9 - 11/9 17/9 17/9 18/9 17/9 17/9 15,17 & 18/9 15/9 10/9 17/9 17/9 17/9 17 & 18/9 17/9 17 & 18/9 18 & 21/9 18/9 — 17/9 17/9 17/9 17/9 11/9 17/9 17/9 Stocks closest to year high 17/9 17/9 18/9 STOCK 14,15 & 17/9 15 & 18/9 17/9 17 & 18/9 17/9 17/9 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 shareholdings are combined due to space constraints. Readers who are interested should check the official filings filed with Bursa Malaysia. Note: * denotes Ace Market Local events to watch out for today • China Solid Lighting Alliance organises LED Centre at TA Family Living Skills Centre, No 1-3, Business Summit at Pacific Ballroom, 2nd Floor 2nd Floor, Jalan PJS 2/16A, Taman Maju Jaya, Seri Pacific Hotel, Kuala Lumpur at 9am. Petaling Jaya, Selangor at 10.30am. • Green Ocean Corp Bhd’s AGM at Tioman Room, • SKP Resources Bhd’s AGM at Cempaka Room, Bukit Jalil Golf & Country Resort, Kuala Lumpur Level 3, Hotel Bangi-Putrajaya, Off Persiaran at 10am. Bandar, Bandar Baru Bangi, Selangor at 11am. • The official opening of TA Family Living Skills TRIPLC FBMKLCI-H21 FBMKLCI-H19 INSTACO-WD SHELL GENTINGC26 PUNCAK-CH FBMKLCI-C18 UEMS-C18 UEMS-C17 FBMKLCI-H23 TECNIC SCGM LITRAK SKPETROC16 SLP CMSB-CO LAYHONG Stocks closest to year low HIGH (RM) LOW (RM) CLOSE (RM) VOLUME ('000) 1.520 0.180 0.380 0.060 6.000 0.200 0.115 0.170 0.200 0.090 0.665 1.450 2.610 5.110 0.225 1.730 0.225 4.300 1.350 0.140 0.340 0.050 5.800 0.195 0.115 0.170 0.155 0.060 0.660 1.120 2.530 5.010 0.225 1.670 0.225 4.020 1.360 0.150 0.380 0.060 5.890 0.195 0.115 0.170 0.190 0.075 0.660 1.350 2.540 5.060 0.225 1.710 0.225 4.300 1520.7 1032.2 87.5 953.8 48.5 4200 50 1535 694.1 71683.7 30 1456.1 3564.6 102.4 50 178.9 400 301.6 This table shows stocks that are trading near their year high. This could suggest a build-up in buying momentum, or the possibility that profit-taking activities could set in later. STOCK UNIMECH-WA CIMB-C6 ASTRO-CT AXIATA-C3 FBMKLCI-CT TUNEPRO-CE CIMB-C7 AIRASIAC26 PBBANK-C6 YFG PARKSON AIRPORT-CL ARMADA-C3 HSI-CR MAYBANKC15 MALAKOF-CJ VSOLAR SIME-C2 TOYOINK-WA ENCORP HIGH (RM) LOW (RM) CLOSE (RM) VOLUME ('000) 0.110 0.055 0.085 0.060 0.030 0.025 0.055 0.410 0.120 0.055 1.000 0.010 0.080 0.020 0.170 0.205 0.075 0.010 0.060 0.785 0.110 0.045 0.085 0.055 0.020 0.025 0.050 0.390 0.110 0.035 0.990 0.005 0.050 0.020 0.155 0.205 0.070 0.005 0.060 0.775 0.110 0.055 0.085 0.055 0.025 0.025 0.055 0.395 0.110 0.035 1.000 0.005 0.080 0.020 0.165 0.205 0.070 0.010 0.060 0.780 5 14166 10 60 230 15 40 110 484 14115.7 580.5 25.1 188.4 50 12167.6 4 2253 290 20 60.6 This table shows stocks that are trading near their year low. This could suggest a build-up in selling momentum, or the possibility that bargain hunting could set in later. Foreign exchange rates NZ NZ $ EURO EURO 0.559 1.788 US SWISS BRIT CANADA BRUNEI S’PORE AUST M’SIA CHINA BANGL’H DENM’K UAE SAUDI SWEDEN 0.841 0.898 0.898 0.905 2.7349 4.014 48.886 4.172 2.310 9,212 41.615 75.248 5.297 29.531 2.290 2.359 5.270 22.845 4.874 1.504 1.606 1.606 1.617 4.8906 7.178 87.419 7.461 4.131 16,472 74.417 134.560 9.472 52.808 4.095 4.218 9.423 40.852 8.716 7.749 1.028 STERLING £ 2.422 1.354 1.523 1.482 CANADA $ 1.189 0.665 0.748 0.727 0.491 BRUNEI $ 1.114 0.623 0.700 0.682 0.460 0.937 SINGAPORE $ 1.113 0.623 0.700 0.681 0.460 0.937 1.000 AUSTRALIA $ 1.106 0.618 0.695 0.677 0.457 0.930 0.993 0.993 MALAYSIA RM 0.366 0.204 0.230 0.224 0.151 0.308 0.328 0.328 0.331 24.912 13.931 15.670 15.245 10.287 20.958 22.370 22.375 22.533 68.1310 2.046 1.144 1.287 1.252 0.845 1.721 1.837 1.837 1.850 5.5944 8.211 100 DANISH KRONER 23.967 13.402 15.075 14.666 9.896 20.163 21.521 21.526 21.678 65.5460 96.21 100 UAE DIRHAM 43.291 24.209 27.230 26.492 17.876 36.421 38.873 38.882 39.158 118.3967 173.78 2,116 180.63 1000 INA RUPIAH 0.109 0.061 0.068 0.066 0.045 0.091 0.097 0.098 0.098 0.2969 0.436 5.307 0.453 0.251 100 INDIA RUPEE 2.403 1.344 1.511 1.471 0.992 2.022 2.158 2.158 2.174 6.5719 9.646 117.472 10.026 5.551 0.973 0.656 1.338 1.428 1.428 1.438 4.3480 6.382 77.720 6.634 3.672 14,645 66.160 119.631 8.421 46.949 3.641 3.750 8.378 36.320 0.675 1.375 1.467 1.468 1.478 4.4691 6.560 79.885 6.818 3.775 15,053 68.003 122.963 8.656 48.257 3.742 3.855 8.611 37.331 7.965 2.037 2.175 2.175 2.191 6.6233 9.721 118.391 10.105 5.594 22,308 100.782 182.234 12.828 71.517 5.546 5.713 12.762 55.326 11.805 1.067 1.068 1.075 3.2508 4.771 58.108 4.960 2.746 10,949 49.465 89.443 6.296 35.102 2.722 2.804 6.264 27.155 5.794 1.000 1.007 3.0457 4.470 54.442 4.647 2.572 10,258 46.344 83.800 5.899 32.887 2.550 2.627 5.868 25.441 5.428 1.007 3.0450 4.469 54.429 4.646 2.572 10,256 46.334 83.780 5.898 32.879 2.550 2.626 5.867 25.436 5.427 3.0236 4.438 54.047 4.613 2.554 10,184 46.008 83.192 5.856 32.648 2.532 2.608 5.826 25.257 5.389 1.0000 1.468 17.875 1.526 0.845 3,368 15.216 27.514 1.937 10.798 0.837 0.863 1.927 8.353 1.782 1,218 103.944 57.545 1,875 131.960 735.669 57.053 58.764 131.274 569.115 121.429 8.535 4.725 18,843 85.127 153.926 10.836 60.408 4.685 4.825 10.779 46.732 9.971 55.361 220,768 997.37 1,803 126.95 707.76 54.89 56.53 126.29 547.52 116.82 1,802 3,258 229.32 1,278 99.15 102.12 228.12 989.00 211.02 4.518 8.169 0.575 3.206 0.249 0.256 0.572 2.480 0.529 180.820 12.729 70.962 5.503 5.668 12.663 54.897 11.713 1,172 229,475 1,036.702 398,776 22,135 1.329 0.743 0.836 0.813 0.549 1.118 1.193 1.194 1.202 3.6345 5.335 64.966 5.545 3.070 12,241 55.304 18.878 10.557 11.874 11.553 7.795 15.882 16.952 16.956 17.076 51.6300 75.780 923 78.769 43.608 173,897 785.618 1,421 7.040 3.063 39.245 3.044 3.135 7.003 30.360 6.478 557.493 43.235 44.531 99.480 431.278 92.020 3.386 1.894 2.130 2.072 1.398 2.849 3.041 3.041 9.2611 13.593 165.541 14.129 7.822 31,193 140.920 254.811 17.937 100 QATAR RIYAL 43.664 24.418 27.465 26.721 18.030 36.735 39.209 39.218 39.495 119.4177 175.277 2,135 182.189 100.862 402,215 1,817 3,286 231.295 100 SAUDI RIYAL 42.393 23.707 26.665 25.943 17.505 35.665 38.067 38.076 38.345 115.9405 170.173 2,072 176.884 97.925 390,504 1,764 3,190 224.560 1,252 97.088 100 SWEDISH KRONOR 18.977 10.612 11.937 11.613 7.836 15.965 17.040 17.044 17.165 51.9000 76.177 927.707 79.181 43.836 174,806 789.726 1,428 100.523 560.409 43.461 44.764 4.377 2.448 2.753 2.679 1.807 3.683 3.931 3.931 3.959 11.9714 17.571 213.988 18.264 10.111 40,321 182.160 329.382 23.187 129.265 10.025 10.325 23.066 20.515 11.473 12.904 12.555 8.471 17.260 18.422 18.426 18.557 56.1076 82.352 1,002.917 85.600 47.389 188,978 853.750 1,544 108.672 605.841 46.984 48.393 108.107 100 HK$ HK 0.738 0.889 100 THAI BAHT THAI 0.413 0.914 100 PHILIPPINE PESO QATAR 1.094 1.590 100 NORWEGIAN KRONER PHIL 0.612 1.634 100 JAPAN YEN JAPAN NORWAY 1.125 US $ 100 CHINESE RMB INDIA 0.629 SWISS FR 100 BANGLAD’H TAKA INA 7.755 1,289 7.988 17.844 77.360 16.506 102.999 230.092 997.525 212.837 968.479 206.640 433.533 92.501 223.392 21.337 468.680 Note: Run your finger down the left-hand side until you reach the country of origin you plan to exchange. Then move your finger until that line intersects with the vertical column of the currency you wish to buy. The figure is how much you will get. The above rates are subject to change and provided by Thompson Reuters. Markets 3 9 F R I DAY S E P T E MB E R 25, 2015 • T HEED G E FINA NCIA L DA I LY FUTURES . MONEY MARKET . COMMODITIES Money market Index futures Index points 1980 US Dollar Long Rolls - KLCI futures FKLI Open Interest 1,606.50 90000 (-10.50) Klibor USD Index Index points -14.00 18.00 102.00 (+1.00) Implied interest rate (%) 95.852 (-0.216) 1790 68000 4.75 94.25 1600 46000 -8.50 86.50 1410 24000 -21.75 78.75 4.5 3.82 (Unch) 3.5 2000 1220 Jan 4, 2010 Sept 23, 2015 71.00 -35.00 Jan 4, 2010 KLCI futures finish lower on cash market Sept 23, 2015 FBM KLCI futures INDEX AND FUTURES CONTRACT SETTLEMENT CHANGE VOLUME OPEN CHANGE IN INTEREST OPEN INTEREST The FBM KLCI futures contracts on Bursa Ma- FBMKLCI 1,613.17 -22.20 132.2M 1,606.50 -10.50 17,184 56,748 -4,584 laysia Derivatives finished lower on Wednes- SEP-15 1,593.00 -10.00 5,401 11,201 2,026 day, tracking the performance of the under- OCT-15 DEC-15 1,571.50 -12.50 31 319 7 lying cash market. MAR-15 1,554.00 -12.50 2 34 1 September 2015 decreased 10.5 points TOTAL 22,618 68,302 -2,550 to 1,606; October 2015 fell 10 points to 1,593 BID OFFER CLOSE while December 2015 and March 2016 lost 12.5 FUTURES ROLL OVER -13.5 -14.5 -14.0 points each to 1,571.5 and 1,554, respectively. SEP/OCT Turnover was higher at 22,616 lots from FUTURES FAIR VALUE DAYS TO EXPIRY KLIBOR DIVIDEND FAIR VALUE 13,857 lots on Tuesday while open interest CONTRACT 8 1.07 6.84 -2.46 increased to 68,302 contracts from 58,063 SEP-15 OCT-15 38 5.64 9.62 -2.76 contracts. The benchmark FBM KLCI finished ROLL’S FAIR -0.30 22.2 points lower at 1,613.17 on Wednesday. Indonesian shares hit a four-week low on Wednesday amid sell-off in large caps and a fall in the rupiah while other share markets in Southeast Asia fell in line with global equities On Wednesday, Jakarta’s composite index after a survey indicating weak factory data ended down 2.3% at 4,244.43, its lowest close from China. since Aug 26. — Agencies Commodities CPO vs Soyoil Open Interest 4200 200000 3450 1950 2,240 Jan 6, 2008 Sept 24, 2015 Norwegian crown sheds 2% after surprise rate cut The Norwegian crown slumped to a 13-year low against the US dollar yesterday, after the central bank surprisingly cut interest rates to boost growth in an economy struggling with falling prices of oil, its main export. The Norwegian currency fell to 9.4699 crowns per euro after the rate decision, its weakest since Aug 27, having traded at around 9.2952 crowns beforehand. Against the US dollar, the currency hit a 13-year low of 8.4593 crowns, down nearly 2% on the day, according to Reuters data. “We expect the crown to weaken to 9.50 crowns against the euro,” said Richard Falkenhall, currency strategist at SEB, a leading Nordic bank. “Norway’s economy is still struggling and there is still room for monetary policy to be loosened further.” — Reuters 1.5 Oct 1, 2000 Sept 23, 2015 Klibor MONTH SETTLEMENT PRICE OCT5 NOV5 DEC5 MAR6 JUN6 SEP6 DEC6 MAR7 JUN7 SEP7 DEC7 MAR8 JUN8 SEP8 DEC8 MAR9 JUN9 SEP9 DEC9 MAR0 JUN0 SEP0 TOTAL (+57) Crude Oil Gold CPO RM/ton Soyoil US$/Ibs US$/bbl US$/troy oz 6400 2,583 0.7300 155.0 (RM0.2697/ton) CHANGE 96.22 96.22 96.18 96.15 96.12 96.10 96.07 96.07 96.02 95.98 95.93 95.93 95.93 95.93 95.93 95.93 95.93 95.93 95.93 95.93 95.93 95.93 — — — — — — — — — — — — — — — — — — — — — — VOLUME OPEN INTEREST — — — — — — — — — — — — — — — — — — — — — — 0 — — 500 120 — — — — — — — — — — — — — — — — — — 620 1980 44.65 (+0.17) 5100 0.5475 122.5 105000 3800 0.3650 90.0 1340 57500 2500 0.1825 57.5 1020 0.0000 25.0 700 152500 2700 1200 Oct 2, 2006 CPO prices react to various factors including soyoil prices, weather conditions and stockpiles. Open interest shows either increasing or decreasing market participation. CPO & Open Interest CPO RM/ton 2.5 Sept 23, 2015 Palm oil hits two-and-ahalf month high (+57) 1200 Jan 6, 2008 Sept 23, 2015 CPO futures CONTRACT OCT-15 NOV-15 DEC-15 JAN-16 FEB-16 LAST 2,157 2,206 2,240 2,271 2,296 CHANGE 41 49 57 54 51 VOLUME 305 5,940 30,102 6,724 3,614 OPEN CHANGE IN INTEREST OPEN INTEREST 5,082 34,539 73,157 35,254 13,199 1,135.00 (+3.40) 2,240 10000 1660 -49 -11,649 770 380 565 Malaysian palm oil futures jumped on Wednesday to their highest in two and a half months, bolstered by a weak ringgit and CPO/SOYOIL worries over potential dry weather curbing CPO FUTURES INDICATIVE ROLL-OVER FUTURES BASIS (USD) crop output. CURRENT -57.12 OCT/NOV -49 The benchmark December palm oil con- OCT/DEC 3 MONTHS AVERAGE -69.45 -83 tract on the Bursa Malaysia Derivatives Ex- OCT/JAN 6 MONTHS AVERAGE -67.91 -114 change closed 2.61% higher at RM2,240 a NOV/DEC -34 tonne on Wednesday. SGS & ITS EXPORT ESTIMATES (TONNES) JUN’2015 JUL’2015 AUG’2015 Prices earlier touched RM2,248, the highest SHIPMENT DAYS 473/469 309/320 486/499 level since July 6, and have now gained more 1 - 10TH DAYS 1- 15TH DAYS 783/780 665/666 730/716 than 12% so far this month. DAYS 1,082/1,074 908/908 991/992 “The drivers on Wednesday included the 11 -- 20TH 25TH DAYS 1,393/1,400 1,179/1,149 1,285/1,276 ringgit factor,” said a trader with a commodi- FULL MONTH 1,696/1,649 1,540/1,544 1,542/1,525 ties brokerage in Kuala Lumpur. “Secondly, MALAYSIAN PALM OIL BOARD JAN’15 FEB’15 MAC’15 APR’15 people are talking about the El Nino effect 1,161 1,122 1,495 1,693 happening in Indonesia and indications that PRODUCTION EXPORT 1,184 972 1,182 1,175 El Nino is in Malaysia.” STOCKS 1,770 1,743 1,866 2,194 On Wednesday, traded volume stood at MPOB Palm oil physical 52,875 lots of 25 tonnes each, well above the SEP’2015 OCT’2015 NOV’2015 average 35,000 lots usually traded at the close. (IN RM/TON) DELD 2,056 2,065 2,080 A weak Malaysian ringgit, which makes CPO PK EX-MILL 1,560 1,570 1,580 palm cheaper for offshore buyers, has helped CPKO DELD 3,439 3,451 3,492 support palm in recent weeks and was the RBD P.OIL FOB 2,251 2,262 2,283 main supporting factor on Wednesday, trad- RBD P.OLEIN FOB 2,318 2,331 2,357 RBD P.STEARIN FOB 1,805 1,827 1,838 ers said. The ringgit has lost 19% so far this year, MPOB FFB REF PRICE (MILL GATE PRICE) GRADE A GRADE B GRADE C and is emerging Asia’s worst-performing cur- REGION OER (RM/TON) OER(RM/TON) OER (RM/TON) rency. There is a growing consensus among NORTH 20.00% 430 19.00% 410 18.00% 391 weather forecasters for a strong El Nino this SOUTH 20.00% 437 19.00% 417 18.00% 396 20.00% 436 19.00% 416 18.00% 396 year, with some climate experts warning that CENTRAL it could be one of the strongest on record. — EAST COAST 20.00% 432 19.00% 412 18.00% 392 SABAH 22.00% 415 21.00% 397 20.00% 379 Reuters SARAWAK 22.00% 422 21.00% 403 20.00% 384 Apr 10, 2007 Sept 24, 2015 Oil price rebounds after sharp fall Oil price steadied at around US$48 a barrel yesterday, as investors sought bargains after a sharp fall the previous day on an unexpectedly large build-up in US gasoline stocks and a tepid demand outlook. Brent crude climbed US40 cents to US$48.15 a barrel, after ending the previous session down US$1.33. US West Texas Intermediate crude rose US48 cents to US$44.96 a barrel, having slumped US$1.88 on Wednesday. “It seems like there’s some technical stabilisation at the US$48 level after the steep sell-off,” said Bjarne Schieldrop, head of commodities research at SEB in Oslo. Crude prices fell sharply on Wednesday on data from the Energy Information Administration that showed a bigger-than-expected rise in gasoline stockpiles in the United States. — Reuters Centrifuged Latex Commodities AGRICULTURE UNIT EXCHANGE RM/TON SEN/KG USC/BSH USC/BSH USC/BSH USC/IBS US$/TON USC/IBS USC/IBS USC/IBS MDEX MRB CBOT CBOT CBOT CME NYBOT NYBOT NYBOT NYC 2,240 535.00 382.00 866.25 505.75 133.25 3,302 118.45 11.65 60.11 57 4.00 -1.25 2.50 -1.75 -2.50 -8 -1.00 0.10 0.14 US$/TON USC/IBS US$/TROY OZ US$/TROY OZ US$/TROY OZ USC/TROY OZ RMB/TON RMB/TON KLTM CMX CMX NYMEX NYMEX CMX SHF SHF 14,870 2.283 1,135.00 943.70 640.00 14.80 11,800 13,745 -200 -0.013 3.40 11.50 -5.70 0.03 -5 280 LIGHT CRUDE OIL US$/BBL HEATING OIL USC/GAL NATURAL GAS US$/MMBTU BRENT CRUDE US$/BBL GAS OIL US$/TON NYMEX NYMEX NYMEX ICE ICE CRUDE PALM OIL RUBBER CORN SOYBEANS WHEAT LIVE CATTLE COCOA COFFEE SUGAR COTTON LAST PRICE CHANGE METAL & PRECIOUS METALS TIN COPPER GOLD PLATINUM PALLADIUM SILVER ALUMINIUM ZINC ENERGY 44.65 0.17 1.5338 0.0059 2.630 -0.008 47.93 0.18 464.00 -9.25 Sen/Kg 1100 1700 900 1325 409.00 950 (-1.50) 500 535.00 (+4.00) 575 300 Jan 7, 2007 Sept 24, 2015 Rubber - M’sia SMR 20 Sen/Kg 700 Aug 31, 2008 200 Sept 23, 2015 Jan 7, 2007 Sept 23, 2015 Markets 40 FR I DAY SEP TEM B ER 2 5 , 2 0 1 5 • 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 9 YOUR DAILY FINANCIAL MARKET S ROUNDUP I N S I D E R M OV E S . T R A D I N G T H E M E S . E V E N T S . FO R E X PA G E 3 8 G L O BA L M A R K E T S PA G E 3 7 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 3 3 RESEARCH: TAI TS [[email protected]; SUGUMARAN [[email protected]] KLCI 1,613.17 FBM ACE 5,537.48 22.20 FTSTI 2,845.74 2.42 22.73 NIKKEI 17,571.83 498.38 HANG SENG 21,095.98 STOCK Index point KL Composite Index 10:30 11:30 12:45 (-22.20) 1,606.50 KLCI futures 8:45 9:30 1,613.17 (-10.50) 14:30 15:30 16:30 17:15 Daily FBM KLCI Moving average - 20-day KL Composite Index 1950.0 UEMS-C17 GOB GOB-WA MSPORTS PASUKGB YFG MAYBANKC15 EAH BINTAI-WA ASIABIO INSTACO TMCLIFE HSI-CW FBMKLCI-C6 HSI-CZ MSPORTS-WA VOLUME ('000) CHANGE (%) CHANGE (RM) CLOSE (RM) HIGH (RM) LOW (RM) 71,684 57,387 31,314 24,301 14,681 14,116 12,168 10,131 8,789 7,646 7,219 7,038 6,713 6,252 5,879 5,535 25.00 11.76 22.58 5.26 5.71 -41.67 -5.71 7.69 3.33 -8.33 13.04 5.41 -10.43 -14.29 -12.23 0.00 0.015 0.060 0.035 0.005 0.010 -0.025 -0.010 0.005 0.005 -0.005 0.015 0.030 -0.060 -0.030 -0.085 0.000 0.075 0.570 0.190 0.100 0.185 0.035 0.165 0.070 0.155 0.055 0.130 0.585 0.515 0.180 0.610 0.030 0.090 0.600 0.205 0.105 0.195 0.055 0.170 0.070 0.160 0.060 0.130 0.595 0.560 0.185 0.660 0.030 0.060 0.505 0.160 0.090 0.175 0.035 0.155 0.065 0.140 0.050 0.120 0.555 0.470 0.170 0.555 0.025 Table above is from Reuters Volume break 3x 5-day average volume, meaning the total number of shares traded for a particular counter on the previous trading day is more than triple the average volume for the last 5 trading days. The table captures the build-up of interest in these companies and is thus a gauge of market expectations for these counters. 1,613.17 (-22.20) 1667.5 China data drags KLCI into the red; ringgit weakens 1,613.34 1385.0 1102.5 820.0 Jan 2, 2008 Sept 23, 2015 900 600 300 0 Volume (’mil) FBM KLCI futures CONTRACT SETTLEMENT CHANGE HIGH LOW SEP-15 OCT-15 DEC-15 1,606.50 1,593.00 1,571.50 -10.50 -10.00 -12.50 1,616.00 1,602.00 1,579.00 1,596.00 1,582.50 1,566.00 FBM KLCI sensitivity* K.LUMPUR KEPONG PETRONAS GAS IOI CORPORATION SIME DARBY IHH HEALTHCARE TELEKOM MALAYSIA SAPURA-KENCANA WESTPORTS HOLDING MAXIS TENAGA NASIONAL PETRONAS CHEMICAL DIGI.COM GENTING MAYBANK AXIATA GROUP PUBLIC BANK SUB-TOTAL OTHERS GRAND TOTAL KLCI POINTS CHANGE (RM) CLOSE (RM) VOLUME ('000) -0.43 -0.53 -0.54 -0.62 -0.69 -0.69 -0.70 -0.74 -1.13 -1.32 -1.34 -1.43 -1.57 -1.75 -2.33 -2.86 -18.67 -3.53 -22.20 -0.240 -0.160 -0.050 -0.060 -0.050 -0.110 -0.070 -0.130 -0.090 -0.140 -0.100 -0.110 -0.250 -0.110 -0.160 -0.440 21.300 21.720 3.900 7.470 5.900 6.530 1.920 4.170 6.470 12.040 6.020 5.480 7.260 8.410 5.900 17.680 582.3 946.3 7625.8 3543.6 8194.8 6462.4 14257.1 1925.5 3356.7 8722.3 3493.0 9714.5 3475.9 20221.4 13211.7 11882.7 * How stock price changes affected the index on the previous trading day 4.10 KLCI FUTURES 1617.00 13.00 STI 2868.47 13.80 RM/USD 4.2940 CPO RM2183.00 32.00 OIL US$48.19 0.73 GOLD US$1131.30 1.80 PP 9974/08/2013 (032820) PENINSULAR MALAYSIA RM1.60 (INCLUSIVE OF 6% GST) WEDNESDAY SEPTEMBER 23, 2015 ISSUE 2011/2015 FINANCIAL DAILY MAKE BETTER DECISIONS www.theedgemarkets.com ‘Property prices buoyed by a number of factors’ 7 H O M E B U S I N E S S 4 HOME BUSINESS 1MDB takes offence at Zeti’s remarks on ringgit 7 HOME BUSINESS Amendments to laws enhance SC’s powers 8 HOME BUSINESS Jaks’ JV secures US$1.4b funding for power plant 18 HOME Federal Court upholds guilty verdict for Khir Toyo 19 HOME Pakatan Harapan is new opposition pact It will comprise an eco-township, industrial hub and affordable homes. Gho Chee Yuan has the story on Page 4. UEMS UEMS-C17 GOB AIRASIA FBMKLCI-HK IFCAMSC KNM FBMKLCI-HG APFT GOB-WA PBBANK-C5 FBMKLCI-H5 MSPORTS FBMKLCI-C12 DSONIC-CE HSI-CP FRONTKN MAYBANK AEMULUS ARMADA TURNOVER (‘000) CHANGE (RM) CHANGE (%) PRICE (RM) PE RATIO DIVIDEND YIELD (%) 81,769.6 71,683.7 57,387.4 48,233.5 46,570.0 46,176.6 41,382.3 34,721.1 34,373.3 31,313.5 25,801.3 24,739.2 24,300.5 22,704.0 22,000.5 20,819.7 20,572.4 20,221.4 19,029.8 18,656.3 0.080 0.015 0.060 -0.010 0.005 0.010 -0.010 -0.015 UNCH 0.035 -0.010 -0.005 0.005 UNCH 0.005 -0.020 -0.005 -0.110 0.005 -0.020 7.48 25.00 11.76 -0.73 1.79 1.15 -2.02 -4.41 UNCH 22.58 -14.29 -3.85 5.26 UNCH 11.11 -11.76 -3.03 -1.29 0.98 -2.14 1.150 0.075 0.570 1.360 0.285 0.880 0.485 0.325 0.230 0.190 0.060 0.125 0.100 0.165 0.050 0.150 0.160 8.410 0.515 0.915 10.09 — 2.03 — — 13.14 13.83 — — — — — 3.85 — — — 9.02 11.56 — — 2.80 0.00 0.00 2.19 0.00 1.15 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6.46 0.00 1.74 Top gainers and losers (ranked by RM) UP NESTLE TOPGLOV HSI-HN TECNIC HSI-HS TRIPLC LPI HSI-HO HSI-HM MBMR PANAMY HSI-HD CLOSE CHANGE (RM) 72.740 7.980 1.410 1.350 1.480 1.360 13.680 1.920 1.410 2.950 20.600 1.400 0.440 0.290 0.250 0.220 0.200 0.190 0.180 0.170 0.160 0.150 0.140 0.130 PBBANK GENP GENTING HLFG KLK GAMUDA HSI-C13 BKAWAN AIRPORT UTDPLT PETGAS AXIATA 0.035 0.065 0.035 0.035 0.060 0.185 0.190 0.225 0.025 0.075 75.00 62.50 40.00 40.00 33.33 32.14 31.03 25.00 25.00 25.00 TM-C5 ARMADA-C2 HUBLINE-WA YFG-WA DIALOG-C1 AXIATA-C3 FBMKLCI-H21 HSI-CU CHINA50-C3 BJCORP-CW DOWN CLOSE CHANGE (RM) 17.680 9.880 7.260 14.000 21.300 4.420 1.240 16.820 5.300 25.560 21.720 5.900 -0.440 -0.260 -0.250 -0.240 -0.240 -0.230 -0.200 -0.180 -0.180 -0.160 -0.160 -0.160 0.025 0.010 0.005 0.005 0.050 0.055 0.150 0.020 0.010 0.010 -50.00 -50.00 -50.00 -50.00 -47.37 -45.00 -34.78 -33.33 -33.33 -33.33 KUALA LUMPUR: The FBM KLCI fell 22.2 points or 1.4% as the ringgit depreciated on weaker-than-expected China factory data on Wednesday. Reuters reported the preliminary Caixin/Markit China Manufacturing Purchasing Managers’ Index fell to 47 in September, the worst since March 2009, missing market expectations for 47.5 and slipping from August’s final 47.3. Levels below 50 signify a contraction. At 5pm on Wednesday, the KLCI settled at 1,613.17, af- Top gainers and losers (ranked by percentage) ter touching its intraday low at 1,609.83. RHB’s group chief UP CHANGE DOWN CHANGE economist Lim Chee Seng said the KLCI fell mainly on globCLOSE (%) CLOSE (%) al factors, such as the Chinese Caixin data and US shares’ UEMS-C14 0.050 100.00 FBMKLCI-CS 0.005 -80.00 overnight losses. “The two major negative factors continue 0.035 75.00 AIRPORT-CL 0.005 -66.67 to reinforce each other and weighed down the regional mar- HSI-CT KFM-WA 0.035 75.00 TM-C5 0.025 -50.00 ket,” Lim said. MHC-WA 0.065 62.50 ARMADA-C2 0.010 -50.00 Yesterday in China, the Shanghai Composite gained 0.86%, DSONIC-CC 0.035 40.00 HUBLINE-WA 0.005 -50.00 while Hong Kong’s Hang Seng fell 0.97%. South Korea’s Kospi MATRIX-CD 0.035 40.00 YFG-WA 0.005 -50.00 0.060 33.33 DIALOG-C1 0.050 -47.37 rose 2.46% while Japan’s Nikkei fell 2.76%. Malaysian markets INSTACO-WC 0.185 32.14 AXIATA-C3 0.055 -45.00 were closed yesterday for the Hari Raya Aidiladha holiday. FARMBES-WB 0.145 31.82 YFG 0.035 -41.67 On Wednesday, Bursa Malaysia saw 483 decliners versus KFM UEMS-C18 0.190 31.03 FBMKLCI-H21 0.150 -34.78 315 advancers. A total of 1.78 billion shares, worth RM2.12 FSBM 0.175 29.63 HSI-CU 0.020 -33.33 billion, exchanged hands. Top gainer was Nestle (M) Bhd, CMSB-CO 0.225 25.00 CHINA50-C3 0.010 -33.33 while Public Bank Bhd led decliners. The most actively-tradTop gainers and losers - warrants (ranked by percentage) ed stock was UEM Sunrise Bhd. Economists foresee more risk for the ringgit, due to the UP CHANGE DOWN CHANGE high foreign ownership in Malaysian government bonds. — CLOSE (%) CLOSE (%) by Gho Chee Yuan UEMS-C14 0.050 100.00 FBMKLCI-CS 0.005 -80.00 HSI-CT 0.035 75.00 AIRPORT-CL 0.005 -66.67 World equity indices DOW JONES S&P 500 NASDAQ 100 FTSE 100 AUSTRALIA CHINA HONG KONG INDIA I want an edge! FBM KLCI 1635.37 50.58 Daily top 20 active stocks UNUSUAL MARKET ACTIVITIES FBM KLCI & KLCI futures intraday DOW JONES 16,279.89 Market movers Punctuality is the virtue of the bored. — Evelyn Waugh 1627.0 1623.9 1620.8 1617.7 1614.6 1611.5 1608.4 1605.3 1602.2 1599.1 1596.0 206.93 CLOSE CHANGE 16,279.89 1,938.76 4,752.74 6,032.25 5,071.67 3,142.69 21,095.98 25,863.50 -50.58 -3.98 -3.98 96.40 73.54 26.80 -206.93 40.51 INDONESIA JAPAN KOREA PHILIPPINES SINGAPORE TAIWAN THAILAND VIETNAM CLOSE CHANGE 4,244.43 17,571.83 1,947.10 6,917.55 2,845.74 8,123.10 1,372.35 570.25 -99.62 -498.38 2.46 -9.36 -22.73 -70.32 -2.82 -2.47 Email: [email protected] Fax: (03) 7721 8282 KFM-WA MHC-WA DSONIC-CC MATRIX-CD INSTACO-WC FARMBES-WB UEMS-C18 CMSB-CO UEMS-C12 UEMS-C17 FOR OFFICE USE This part will be completed by The Edge Communications Sdn Bhd and will be faxed/emailed back to you. YES, I would like to order The Edge Financial Daily at RM1.60 per copy The following newsagent who delivers to your area will contact you: MY DETAILS Newsagent name Name Company Company Address NEWSAGENT’S DETAILS Delivery address ECOWORLD PLANS RM15B TOWNSHIP IN KUALA SELANGOR Tel no. Mobile no. Fax no. Email address 21 FOCUS A sideways watch to wear when you’re driving a race car HSBC’s Rafe expected to helm CIMB Islamic Bank Contact no. 6 HOME BUSINESS )' Published by The Edge Communications Sdn Bhd (266980-X) Level 3, Menara KLK No.1 Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, Selangor, Malaysia Printed by KHL Printing Co Sdn Bhd (235060-A) Lot 10&12, Jalan Modal 23/2, Seksyen 23 Kawasan Miel Phase 8, 40000 Shah Alam, Selangor, Malaysia M A K E B E T T E R D EC I S I O N S FRIDAY SEPTEMBER 25, 2015 ISSUE 2012/2015 A PULLOUT EVERY FRIDAY WITH Read this copy online @ theedgeproperty.com M A K E B E T T E R D EC I S I O N S PP 9974/08/2013 (032820) ep3 N E W S ep7 D E A L M A K E R S ep8 H O M E I D E A S The Edge-Mah Sing Millionaire Contest winner picks Icon Residence Mont’Kiara Coming into his own Island chic BY TA N A I L E N G BANDAR KINRARA set to grow further This township Thi hi in i Selangor S l has h seen very strong h housing i price growth over the years. More upside is expected in the future when the LRT extension of the Ampang Line is completed. It is also expected to gain from the growth of its neighbours — Bukit Jalil and Puchong. BANDAR Kinrara in Selangor is akin to the piece of puzzle connecting Puchong, Selangor, and Bukit Jalil, Kuala Lumpur. Its easy accessibility and affordability, especially in the early days of its development, have made it popular among homebuyers. Island & Peninsular Group Sdn Bhd (I&P Group), the master developer of Bandar Kinrara, started with Bandar Kinrara 1 (BK1) in 1991 and gradually expanded up to Bandar Kinrara 9 (BK9). Bandar Kinrara is strategically located 25km away from Kuala Lumpur city centre and Cyberjaya, 30km away from Putrajaya and 8km from Bandar Sunway. It can be accessed through the Shah Alam Expressway (Kesas), Bukit Jalil Expressway, Lebuhraya Damansara Puchong (LDP), Maju Expressway (MEX), New Pantai Expressway (NPE) and Jalan Puchong. Early projects in Bandar Kinrara were mostly landed homes consisting mid-range 1 and 2-storey houses. As the working population grew, non-landed residences were introduced, especially low to medium-cost ones, including Kenanga Apartment, Sri Tanjung Apartment and Merak Apartment. Knight Frank Malaysia managing director Sarkunan Subramaniam describes Bandar Kinrara as a well-planned integrated township, albeit with a conventional design. It offers a mix of commercial shophouses within residential areas and other amenities such as schools, recreational parks and places of worship, making the area a comfortable place to live. CON T I N U ES ON EP4 SAM FONG/THE EDGE PROPERTY EP 2 PROPERTY | NEWS ON FR I DAY SEP TEM B ER 2 5 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY NEWS ROUNDUP Go to theedgeproperty.com for more listings at www.theedgeproperty.com The EdgeMah Sing Millionaire on why he chose Icon Residence, Mont’Kiara Bank Negara urged to relax lending guidelines The Edge Communications Sdn Bhd (266980-X) Level 3, Menara KLK, No 1 Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, Selangor, Malaysia Publisher and Group CEO Ho Kay Tat Editorial For News Tips/Press Releases Tel: 03-7721 8219 Fax: 03-7721 8038 Email: [email protected] Senior Managing Editor Azam Aris Contributing Editor Sharon Kam Editor Rosalynn Poh Deputy Editors E Jacqui Chan, Wong King Wai Assistant Editor Lam Jian Wyn Senior Writer Racheal Lee Writers Zatil Husna Wan Fauzi, Chai Yee Hoong, Rachel Chew, Hannah Rafee, Tan Ai Leng, Natalie Khoo Art Director Sharon Khoh Design Team Cheryl Loh, Valerie Chin, Aaron Boudville, Aminullah Abdul Karim, Yong Yik Sheng, Tun Mohd Zafian Mohd Za’abah, Noorain Duasa Corporate Managing Director Au Foong Yee Deputy Managing Director Lim Shiew Yuin Advertising & Marketing To advertise contact GL: (03) 7721 8000 Fax: (03) 7721 8288 Chief Marketing Officer Sharon Teh (012) 313 9056 Senior Sales Managers Geetha Perumal (016) 250 8640 Fong Lai Kuan (012) 386 2831 Peter Hoe (019) 221 5351 Gregory Thu (012) 376 0614 Head of Marketing Support & Ad Traffic Lorraine Chan (03) 7721 8001 Ad-Traffic Manager Roger Lee (03) 7721 8004 Email: [email protected] The Edge Property is published and distributed with The Edge Financial Daily every Friday. For more property data, listings and news, go to theedgeproperty.com. (From left) Au, Yam, Tee and Previndran at the panel discussion themed “Property Watch — Buy, Sell or Hold?” at the CPA Congress 2015. Photo by Haris Hasan /The Edge Property Property prices to rise in future, say industry players Industry players foresee property prices to rise in future as incoming supply falls, making it a good time to buy property now. According to members of a panel discussion themed “Property Watch — Buy, Sell or Hold?” at the CPA Congress 2015 on Sept 22. Previndran Singhe, group CEO and founder of Zerin Properties, said property prices will start to increase due to lower supply of homes as developers are holding back launches. Other panellists were immediate past president of Real Estate and Housing Developers’ Association (REHDA) Datuk Seri Michael Yam and Bina Puri Holdings Bhd group executive director Matthew Tee Kai Woon. The Edge Communications Sdn Bhd and The Edge Property Sdn Bhd managing director Au Foong Yee was the moderator. Yam said most developers are adopting a wait-and-see strategy due to the discouraging market environment in the first half of this year due to the implementation of the Goods and Services Tax, and poor market sentiment caused by a weakening ringgit. Nevertheless, he believed demand for housing remains strong. Meanwhile, Tee said property prices will not be going down anytime soon as construction cost continues to rise including labour and building material costs. Eco World buys 26 parcels of land for RM15 bil township Eco World Development Group Bhd is acquiring 26 pieces of leasehold land in Kuala Selangor, with a collective land size of 2,198.40 acres for RM1.181 billion. In a filing with Bursa Malaysia on Sept 22, Eco World said its wholly-owned subsidiary Paragon Pinnacle Sdn Bhd has signed five separate conditional sale and purchase agreements with four vendors for the proposed acquisition. The proposed acquisitions are expected to be completed by the second quarter of 2016. Eco World said it intends to develop the parcels of land into a self-contained township with a potential gross development value of RM15 billion. 1MDB seeks buyers for Pulau Indah land 1Malaysia Development Bhd (1MDB) has launched a tender LAUNCHES & EVENTS Contact: (019) 270 4218 Besides the Mid-Autumn festival celebrations featuring funfilled activities, Sunway Lenang Heights will also be launching its bungalow show unit set in a garden resort setting. Sunway’s Mid-Autumn festival celebrations Date: Sept 26 and 27 (Tomorrow and Sunday) Venue: Sunway Eastwood, Jalan SE2, Taman Equine, Seri Kembangan Time: 10am to 5pm Contact: (03) 5639 9052 Sunway Bhd is celebrating the Mid-Autumn festival at several of its sales galleries. At Sunway Eastwood, it will be hosting a lantern festival with light refreshments while showcasing its premium semidetached homes collection. Venue: Sunway Lenang Heights show unit, Jalan Persiaran Bumi Hijau, Laman Tasik Pandan, Taman Molek, Johor Baru Time: 4pm to 8pm Venue: Sunway Velocity, Jalan Cheras, Kuala Lumpur Time: 10am to 5pm Contact: (012) 318 9656 Sunway Velocity invites you and your family to its sales gallery for a snow skin mooncake DIY session and light refreshments. New release of AYKON Nine Elms in London Date: Sept 26 and 27 (Tomorrow and Sunday) Venue: Mandarin Oriental Hotel, Level 2, Topaz Room, Kuala Lumpur exercise for its 127ha (314 acre) land in Pulau Indah, Selangor. According to a statement on Sept 21, 1MDB said potential purchasers are invited to register their interest with Savills (M) Sdn Bhd, which is advising 1MDB on the exercise. “The 1MDB land parcel in Pulau Indah, Mukim Klang, is on a single-large development site, measuring approximately 318 acres,” the company said. “It is adjacent to the Port Klang Free Zone and other industrial developments.” The proposed land sale forms part of 1MDB’s rationalisation plan, which was presented to the Malaysian Cabinet on May 29. 1MDB had earlier purchased the Pulau Indah land from Tadmax Resources Bhd at a revised price of RM294.38 million. pating its earnings for the financial year ending March 31, 2016 (FY16) to be comparable with FY15, if not better, driven by two projects: the Penang Times Square and Penang WorldCity. In FY15, it saw a net profit of RM23.51 million on a revenue of RM270.19 million. Ivory chief operating officer Goh Chin Heng said the company still believes the market has buying power, and that property market sentiment will return. The group aims to complete the remaining three phases of its five-phase Penang Times Square, which has a gross development value (GDV) of RM800 million, over the next three to five years. As for Penang WorldCity, its joint development with Tropicana Corp Asian Pac banks on Klang Bhd, which carries a GDV of RM10 Valley and Johor projects billion, there are some 80 acres Asian Pac Holdings Bhd is banking (32.37ha) left for development. on three product launches in the Klang Valley and Johor to ride out Al-Salam REIT’s IPO the challenging year ahead, manag- oversubscribed 2.96 times ing director Datuk Mustapha Buang The general public portion of the told reporters after the company’s initial public offering (IPO) of Alannual general meeting on Sept 21. Salam Real Estate Investment Trust These projects include condo- (REIT) has been oversubscribed by minium project Damansara 8 @ 2.96 times. The REIT is en route to Damansara Damai, a mixed-use de- list on the Main Market of Bursa velopment in Kepong, Kuala Lum- Malaysia on Sept 29. pur and 30 units of shop offices in In a statement on Sept 21, MaPhase 2 of Dataran Larkin in Johor, laysian Issuing House Sdn Bhd said in financial year 2016 ending March the IPO received 2,442 applications 31, 2016 (FY16). totalling 45.92 million units for 11.6 It is also in the midst of finalising million units that were available for plans for its maiden township on public subscription. A total of 1,285 400 acres of land in Labu, which is applications for 18.34 million offer projected to be launched in 2017. units were received for the bumiputera category, which represents Ivory Properties counting an oversubscription of 2.16 times; on Penang Times Square, while under the public category, WorldCity for better FY16 1,157 applications for 27.58 milPenang-based developer Ivory lion offer units were received for Properties Group Bhd is antici- an oversubscription of 3.76 times. If you have any real estate-related events, email us at [email protected]. Events listed here will also appear on theedgeproperty.com. Time: 11am to 7pm Contact: (012) 908 6318 Christine Wong/(013) 272 7875 Jeffri Rahim Located in prime central London Zone 1, AYKON Nine Elms is the first branded residences in which the lavish interiors are designed by Versace Home. It consists of 360 residential apartments with various layouts including studio, one, two and three-bedroom units. planning and development of a ‘World Class City’. Jointly organised by the Real Estate and Housing Developers’ Association Malaysia Wilayah Persekutuan Kuala Lumpur (REHDA KL), the Malaysian Institute of Planners (MIP) and the Malaysian Institute of Architects (PAM), with the support of Kuala Lumpur City Hall (DBKL), the theme this year is ‘Urban regeneration through smart partnerships’. International Conference on World Class Sustainable Cities (WCSC) Sheda Property Expo 2015 Date: Sept 29 (Tuesday) Venue: The Royale Chulan, Kuala Lumpur Time: 8am to 5.30pm Contact: (03) 7803 2978 REHDA KL/(03) 7877 0637 MIP/(03) 2693 4182 PAM The World Class Sustainable Cities series provide a constructive platform to enlighten, educate and change the mind sets of city stakeholders, industry players, government agencies and the general public on the key challenges faced in the Date: Sept 25 to 27 (Today to Sunday) Venue: Borneo Convention Centre Kuching (BCCK), Sarawak Time: 10am to 9pm Contact: (08) 236 5001 Organised by the Sarawak Housing and Real Estate Developers’ Association (Sheda), there will be over 100 booths set up by housing and property developers, manufacturers and suppliers of building materials, home and lifestyle furnishing retailers, banks and other housing-related services under one roof to create a one-stop centre for house buyers. NEWS | F R I DAY S E P T E MB E R 25, 2015 • T HEED G E FINA NCIA L DA I LY PROPERTY EP 3 KRI urges construction industry to improve productivity Fragmented home building sector has to be consolidated BY C H A I Y EE HOON G & R ACHEAL LEE KUALA LUMPUR: There is a need to incentivise the construction industry to modernise, but it must innovate and increase productivity first to prevent a housing crisis, said Khazanah Research Institute (KRI). Malaysia inherited the structural business system from the UK and this fragmentation in the industry has been the norm for over 40 years. Meanwhile, the UK itself has found that such a fragmentation was a source of inefficiency, and has improvised its system since 1998, said KRI director of research for cities programme Dr Suraya Ismail during a forum entitled “Does Greater Prosperity Come with Less Housing Affordability?” on Wednesday. She encouraged consolidating the building industry in terms of mass housing to address the concerns and demand for affordable homes, especially for those with monthly incomes of between RM3,000 to RM10,000. She said that government subsidies for this 70% of the country’s population are not sustainable, and will fiscally incur more debts for the government. In order to do this, she highlighted three inter-linked policy recommendations by KRI based on three objectives it aims to achieve. The first objective is to develop measures to improve the efficacy of the national delivery system to supply housing at affordable prices by creating a new designated procurement route. This will consolidate resources of the firms involved in delivering affordable houses. The second objective is to reduce pressures leading to rapid escalation of house prices. She suggested the imposition of a moratorium period of five years for the supply of new stock of houses produced through the new procurement route. “[Houses produced through the new procurement route] needs to be insulated from speculative activities in order for the initiative to be successful. Therefore, a moratorium is needed for the first batch of houses to create a buffer period for the second batch to be supplied at affordable prices. In the long run, a moratorium is no longer needed if all new batches of houses Suraya says government subsidies for housing are not sustainable. Photo by Patrick Goh/The Edge Property supplied are affordable,” she explained. However, she added that this will only be successful if the planning of housing units are done and displayed through the data captured in the proposed National Housing Survey, which is the third objective. The survey will help the government plan for the effective demand and supply of housing. Michael Yam, immediate past president of Real Estate and Housing Developers’ Association Malaysia (REHDA), urged for higher productivity and better quality by focusing on training in skills, technocrats and professionals to tackle the issue of affordable housing. “We should also focus on the greater use of Industrialised Building Systems (IBS). Investment in IBS plants are high and so grants by the Construction Industry Development Board (CIDB) are needed too,” said Yam. Suraya said some challenges faced in implementing IBS in the country include lack of skilled on-site operatives to execute this technology. Other speakers at the forum also included KRI managing director Datuk Charon Mokhzani, National Housing Department director Murali Jayabalan and National House Buyers Association (HBA) Secretary-General Chang Kim Loong. The Edge-Mah Sing Millionaire Contest winner picks Icon Residence Mont’Kiara BY TA N A I L EN G KUALA LUMPUR: The winner of The EdgeMah Sing Millionaire Contest, Brian Lim, has redeemed his dream home — a one-bedroom unit at Icon Residence Mont’Kiara in Kuala Lumpur — almost a month after winning the contest. Brian is sharing ownership of the unit with his younger sister Crystal Lim Ai Ping. The siblings were accompanied by their parents — Danny Lim and Lily Yoong — to witness the signing of the sale and purchase agreement of their dream home last Thursday. The unit he chose has a built-up of 1,115 sq ft and the kitchen comes fitted with appliances and cabinets. Mah Sing Group Bhd group managing director and group chief executive Tan Sri Leong Hoy Kum and chief executive officer Ng Chai Yong, together with The Edge Communications Sdn Bhd and The Edge Property Sdn Bhd managing director Au Foong Yee, were at hand to witness the signing. “I want to thank Mah Sing Group and The Edge for organising this wonderful contest, giving me a once-in-a-lifetime opportunity to own this beautiful home,” said the 32-year-old IT project manager, who was so excited that he couldn’t sleep the night before the signing. Brian said he and his family had a long discussion about property choices, which included Ferringhi Residence in Penang, M City in Jalan Ampang, D’sara Sentral in Sungai Buloh and Southville City in Bangi. Crystal said it was a difficult decision, as Mah Sing has many good properties to choose from. After nearly a month of consideration, they decided on a unit in Icon Residence Mont’Kiara. Brian said Mont’Kiara is considered a hotspot in the Klang Valley for its location An aerial shot of the completed Icon Residence Mont’Kiara. Photo by Mah Sing and nearby amenities, and the development itself is known for its catchy design. He believes that it will enjoy a very good appreciation rate. “I plan to stay in the unit. Although other options such as renting it out have crossed my mind, I decided to make it my new home and enjoy all the facilities here,” he said. Leong, who became a millionaire at the age of 35, was happy to meet Brian yesterday. He said the contest not only gives the winner an opportunity to own a home, but also a good start in achieving a new milestone in life. Leong said Icon Residence Mont’Kiara is a good choice as it is located in one of the most sought-after locations in the Klang Valley. It has enjoyed a take-up rate of 94% since its launch in 2012. The current average selling price of (From left) Danny, Yoong, Crystal, Brian, Leong, Mah Sing marketing and special projects deputy general manager Rachel Leong, Au and Ng at the signing ceremony. Photo by Patrick Goh/The Edge Property Icon Residence Mont’Kiara units stands at RM1,000 per sq ft. Icon Residence Mont’Kiara was completed in June 2015. The development comprises three towers with 290 residential units with built-ups ranging from 1,100 sq ft to 4,000 sq ft. The project offers a range of one to 4+1 bedroom units, as well as penthouses and has only two to six all-corner units per floor with contemporary layouts. Located 15 minutes from Kuala Lumpur city centre, Icon Residence Mont’Kiara is well connected via the the Sprint Expressway, the Penchala Link, North-South Expressway, Damansara-Puchong Expressway and Duta-Ulu Kelang Expressway. The Edge-Mah Sing Millionaire Contest is a collaboration between Mah Sing and The Edge. The contest ran from June 20 to July 31 and attracted thousands of participants. Twenty-one finalists were shortlisted and they battled it out in the grand finale on Aug 22 at Southville City @ KL South sales gallery in Bangi. Brian successfully negotiated three elimination rounds and triumphed in the fourth and final round to emerge the winner. Visit theedgeproperty.com for more stories, photos and videos on The Edge-Mah Sing Millionaire Contest. EP 4 PROPERTY | C OV E R ST O RY FR I DAY SEP TEM B ER 2 5 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY After two decades of development, Bandar Kinrara has become a mature township. Photos by Sam Fong/The Edge Property FR I C b The Zest is one of the most sought after condominiums in Bandar Kinrara. yie fixe for fro are RM ren old Bandar Kinrara offers strong fundamentals F RO M E P 1 “A developer’s good reputation is also an assurance of capital appreciation. It’s a highly populated township with a good sales and rental market,” he says. Great capital appreciation In terms of capital appreciation, Michael Choy, senior real estate negotiator of Reapfi eld Properties Sdn Bhd, says prices of some landed residential properties in Bandar Kinrara have more than doubled from six years ago, while high-rise properties have seen steady price growth in the past three years. The hike in prices of landed homes has made high-rise properties more attractive to homebuyers. “As an example, a 2-storey house in Qaseh at BK8, with a size of 24ft by 70ft, is going for RM1.5 million! “So, for people who can’t afford it, they may shift their focus to high-rises, which are more affordable,” he says. In an analysis of transactions of non-landed residential properties by theedgeproperty.com covering areas from BK1 to BK9 as well as the neighbouring areas of Taman Kinrara and Taman Bukit Kuchai, the average price in 2013 was RM248.50 psf, compared with RM234 psf in 2012. As at 3Q2014, the highest average transaction price recorded was RM309 psf. Choy says there is demand for low and medium-cost apartments, especially those in the price range of RM110 to RM380 psf, such as Enggang Apartment, with a built-up of 700 sq ft and selling for RM80,000, and Merak Apartment, with a built-up of 860 sq ft and selling for RM320,000, as shown in Giant Kinrara in BK5 is close to a future LRT station. transactions in the past 12 months. However, he notes that newer condominiums with facilities in the higher price range of RM450 to RM600 psf are also seeing rising demand, resulting in strong capital appreciation. He cites as example the smallest units at The Zest in BK 9 with a built-up of 1,191 sq ft, which were selling for RM230,000 during the launch in 2008. One of these units was sold for RM650,000 this year. Incoming non-landed housing supply includes 8 Kinrara and Duet Residence. 8 Kinrara, an integrated development comprising retail and residential units by I&P, was launched in 2013 at an average price of RM600 psf, according to Choy. The project offers 35 storeys of residential units and shopoffices in one block. It consists of 236 serviced apartments with built-ups of 623 to 2,483 sq ft. The development is expected to be completed by 2018. Three storeys will be allocated Choy: buyers shifting to high-rise properties due to affordability. for shopoffices, and the rest will be residential units. Duet Residence, which is located in BK6, is developed by Bandar Kinrara Properties Sdn Bhd. The 1.91-acre project comprises two blocks — 23 and 21 storeys — with a total of 232 units. The built-ups are between 1,029 and 2,596 sq ft. Duet Residence is slated for completion by the end of this year. According to Montprimo Sdn Bhd, the marketing agent for Duet Residence, the remaining 20% of units for sale are now priced at an average RM635 psf, compared with RM500 psf during its launch in 2013. Currently, there are only three parcels of vacant land left for residential developments in Bandar Kinrara, which Choy says, may see I&P launch additional blocks of serviced apartments near the Giant hypermarket and 8 Kinrara. The selling price is expected to be RM700 psf, he adds. Knight Frank’s Sarkunan notes that the prices of low and medium-cost apartments Ne Wh per yea hig ed in tigh tie ma The LRT extension project will be the next catalyst for Bandar Kinrara’s growth. in Bandar Kinrara have been growing in tandem with the rise in prices of new launches. “The existing landed residential properties in the affordable range are generally dated and require maintenance and renovations, which may increase the cost for future buyers. Thus, current buyers are likely to look for high-rise dwellings due to affordability issues as well as better returns,” he says. TPE Realty negotiator Belinda Lim, who is familiar with the area, concurs. “Most low to medium-cost, high-rise homes here are freehold and less than 15 years old. This is one of the reasons homebuyers and investors are interested in Bandar Kinrara’s high-rise properties.” She says most condominiums and apartments are located in BK2 and BK3. Property prices in newer areas, such as BK5 and BK6, are higher than in the older areas such as BK1 to BK4. In terms of rental yields, property agents concur that those who bought the low to medium-cost apartments in Bandar Kinrara 5 to 10 years ago, have enjoyed good yields. According to Choy, the rental yields are between 5% and 6%. He notes that the rents of high-rise residences in Bandar Kinrara are mostly below RM1,000 per month, and this is drawing strong interest from those looking for affordable accommodation. “It is easier to rent properties below RM1,000 [per month] due to affordability and the rising cost of living. With a budget of around RM220,000, investors can get a medium-cost unit and rent it out for RM850 [a month]. That will generate a Sarkunan: Upcoming supply will put pressure on price growth. Photo by Haris Hassan/ The Edge Property C OV E R ST O RY | F R I DAY S E PT E MB E R 25, 2015 • T HEED G E FINA NCIA L DA ILY PROPERTY EP 5 Source: theedgeproperty.com Chart 1: Bandar Kinrara non-landed residential average price by average price (RM/psf) yield of around 5%, which is higher than fixed deposit rates,” Choy explains. Currently, the average monthly rent for older medium-cost apartments range from RM600 to RM750, while newer ones are fetching RM1,000. However, for new launches that exceed RM500 psf in price, Choy notes that the rental yield will not be as attractive as the older ones. Next growth catalysts While Bandar Kinrara properties have experienced strong capital growth over the years, Sarkunan says the price growth of high-rise residential properties is expected to moderate due to incoming supply in and around the township. The current tight financing conditions and uncertainties in the economy and property market may affect price growth as well. anes. opernd ost are ue re- who ow are This inra’s arternd eas nts to inod lds esistly nd est da- opper ity ng. nd an nit [a ea th. n/ PROJECT NAME TRANSACTION PRICE (RM PSF) 2014 2015 (AS AT AUGUST) The Zest 495-498 Koi Kinrara 345-360 Koi Legian 278 Suria Kinrara 246 Merak Apartment 358 Kesuma Apartment 349 Enggang Apartment 140 529-560 441-455 355 323 372 345 128 Source: JPPH/Knight Frank Research According to him, future supply, including projects under construction — Duet Residences (233 units), 8 Kinrara (236 units) and The Linq at Kinrara Uptown (684 units of serviced apartments) — are slated for completion by 2018. “The existing and impending supply of high-rise residential units will create a more competitive rental market that favours tenants. This may inevitably reduce rental yields going forward, with tenants spoilt for choice,” says Sarkunan. He notes that stratified homes in neighbouring residential areas, such as Bukit Jalil, Pinggiran Putra and Seri Kembangan, are competitively priced and may put pressure on price growth as well. “Some of the projects under construction, particularly those under the DIBS (Developer Interest Bearing Scheme) where low downpayments were required for property purchases, may see the soon-to-be-completed units put up for sale at competitive prices amid the challenging property market conditions,” he adds. TPE Realty’s Lim is also cautious of the near-term price movement, especially of the newer projects if market sentiment remains sluggish. “Investors who have purchased the apartments or condominiums five years ago or earlier are enjoying good rental returns. However, for recent buyers, they may face difficulties in getting tenants or the rent may be insufficient to cover their monthly instalments,” she says. However, Reapfield’s Choy says although transactions are few, demand remains strong as the number of enquiries for Bandar Kinrara properties has not let up. “People still want to buy, but affordability is their main concern.” He notes that in terms of pricing, Bandar Kinrara tends to be a market follower as it relied on growth in neighbouring townships, such as Puchong, Bukit Jalil and residential areas along Jalan Puchong, for leads. “In order to grow further, Bandar Kinr- ara needs new catalysts. The light rail transit (LRT) extension project and Bukit Jalil City development could be the drivers for future growth,” he says. The LRT extension project for the Ampang Line, which starts from the Sri Petaling station, passes through Kinrara before ending in Putra Heights. There will be two stations in Bandar Kinrara — Alam Sutera and BK5. The Alam Sutera station is located in between BK1 and BK9, about 10 minutes’ walk from The Zest, and the BK5 station is located in between BK2 and BK5, right in front of the Giant hypermarket and 8 Kinrara. The distance from the two stations is 3.5km. Bukit Jalil City is just 5km away from these two locations. The 50-acre integrated development, a collaboration between Malton Bhd and Kuala Lumpur Pavilion Sdn Bhd, is slated for completion in 2019. The project has four major components, including a two million sq ft Pavilion Bukit Jalil shopping mall (also known as Pavilion 2) and The Park Sky Residence, which comprises 1,098 serviced apartments, 444 units of 2 and 3-storey shoplots and 3 and 5-storey retail offices. Although the market is cautious in the near term, reflecting the current economic conditions, the real estate agents and consultants believe that with good fundamentals, Bandar Kinrara’s maturity as a residential development is well poised for the next phase of growth in the future. See property listings for this area on Market Watch EP6 EP 6 PROPERTY | M A R K E T WAT C H FR I DAY SEP TEM B ER 2 5 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY Go to theedgeproperty.com for more listings FOR SALE [in Bandar Kinrara, Selangor] The Zest Type: Condominium/ serviced residence Tenure: Freehold Asking price: RM700,000 Built-up area: 1,191 sq ft Bedroom(s): 3 + 1 Bathroom(s): 2 Description: Fully renovated and fully furnished unit in movein condition. Comes with air conditioner, cooker hob and hood, water heater, swimming pool view and two parking bays. Accessibility: Bukit Jalil Highway, Lebuhraya Damansara-Puchong (LDP), Sungai Besi Highway, Shah Alam Expressway (Kesas), KL-Seremban Highway and walking distance to upcoming MRT station. Amenities nearby: Giant Bandar Kinrara Mall, IOI Mall, AEON BiG Sri Petaling, Sunway Pyramid, schools, Sunway University College, International Medical University, Asia Pacific Institute of Information Technology (APIIT), Limkokwing University of Creative Technology, Alice Smith School, Australian International School, Sunway Medical Centre and Columbia Asia hospital. Agent/ negotiator: Andy Tee of Property Exchange Tel: (012) 209 7573 Email: [email protected] The Zest Type: Condominium/ serviced residence Tenure: Freehold Asking price: RM698,000 Built-up area: 1,205 sq ft Bedroom(s): 3 Bathroom(s): 2 Description: None Agent/ negotiator: Lorna Lim of NTC Estate Agency Services Tel: (012) 204 8864 Email: [email protected] Sierra Residency Type: Condominium/ serviced residence Tenure: Freehold Asking price: RM475,000 Built-up area: 907 sq ft Bedroom(s): 3 Bathroom(s): 2 Description: Comes with one parking bay. Located near Giant, Tesco, IOI Mall and SetiaWalk. Unit in Block A; low floor unit. Agent/ negotiator: Simon Tan of Vivahomes Realty Tel: (018) 383 7222 Email: simontan7222@ hotmail.com Sierra Residency Type: Condominium/ serviced residence Tenure: Freehold Asking price: RM450,000 Built-up area: 907 sq ft Bedroom(s): 3 Bathroom(s): 2 Description: Unit comes with one air conditioner, fans in all rooms, grilles, lights, kitchen cabinet and one parking bay. Unit on the fifth floor. Agent/ negotiator: Willa Wong of Vivahomes Realty Tel: (012) 632 1123 Email: [email protected] Koi Legian Type: Condominium/ serviced residence Tenure: Leasehold Asking price: RM480,000 Built-up area: 1,087 sq ft Bedroom(s): 3 Bathroom(s): 3 Description: Renovated with built-ins. Well maintained. Low density. Easy access. Convenient — near schools, IOI Mall, restaurants, convenience stores and other amenities. Agent/ negotiator: Chan of Goldman Properties Tel: (012) 299 4660 Email: [email protected] FOR RENT [in Bandar Kinrara, Selangor] Bathroom(s): 2 Description: Basic unit with fans, lights and grilles. Low floor corner unit. Comes with one parking bay. Easy access to Kesas Highway, Jalan Puchong or Old Klang Road; less than 10 minutes’ drive to Mid Valley Megamall or Puchong. Agent/ negotiator: Bryan Cheng of Dutama Properties Tel: (017) 881 6331 Email: bryanproperty86@ gmail.com Suria Kinrara Type: Condominium/ serviced residence Tenure: Leasehold Asking price: RM235,000 Built-up area: 712 sq ft Bedroom(s): 3 Bathroom(s): 2 Description: This is a well-kept unit that has just been painted. Agent/ negotiator: Josh Chong of Reapfield Properties Tel: (016) 322 9197 Email: joshchong@reapfield.com Suria Kinrara Vista Lavender Type: Condominium/ serviced residence Tenure: Leasehold Asking price: RM330,000 Built-up area: 1,017 sq ft Bedroom(s): 3 Bathroom(s): 2 Description: Corner unit on the ground floor. The condominium is in Taman Kinrara Section 3. It is within the growth area of neighbourhoods such as Old Klang Road, Taman Bukit Kuchai, Taman Kinrara and Taman Paik Siong. It is also accessible through Jalan Puchong and LDP. Vista Lavender is in a mature neighbourhood where all the facilities and amenities are in place, including grocery shops, schools, restaurants, laundry shops, hardware stores, night market and so on. Agent/ negotiator: Ee Ling of Oriental Realty Tel: (013) 247 9888 Email: [email protected] Vista Lavender Type: Condominium/ serviced residence Tenure: Leasehold Asking price: RM340,000 Built-up area: 1,017 sq ft Bedroom(s): 3 Bathroom(s): 2 Description: Low floor unit with balcony, air conditioner, water heater and city view. Condo is in a prime location. Agent/ negotiator: Admen Ng of Starcity Property Tel: (012) 270 7228 Email: [email protected] Kinrara Ria Type: Condominium/ serviced residence Tenure: Leasehold Asking price: RM300,000 Built-up area: 932 sq ft Bedroom(s): 3 Type: Condominium/ serviced residence Tenure: Leasehold Asking price: RM250,000 Built-up area: 753 sq ft Bedroom(s): 3 Bathroom(s): 2 Description: None Agent/ negotiator: Esther Ng of Hartamas Real Estate Sdn Bhd Tel: (017) 200 8703 Email: [email protected] Casa Riana Type: Condominium/ serviced residence Tenure: Leasehold Asking price: RM260,000 Built-up area: 813 sq ft Bedroom(s): 3 Bathroom(s): 2 Description: Facilities in the apartment include allotted parking space, lifts, swimming pool, playground, surau and jogging track. It also features 24-hour security with guards and a card access system. Amenities within walking distance are eateries and shops. Schools nearby include Taman Puncak Jalil secondary school, Taman Desaminium primary and secondary schools and Taman Universiti national school. It is also a short drive to Universiti Putra Malaysia, AEON Taman Equine, Giant Bandar Kinrara Mall and Pasar Borong Selangor. The apartment is within walking distance of a bus stop and taxi stand. It is easily accessible via various highways including the LDP, Maju Expressway, New Pantai Expressway (NPE), New Klang Valley Expressway (NKVE) and North-South Expressway. Agent/ negotiator: Yen Yen of Global Link Properties (Selangor) Sdn Bhd Tel: (017) 227 2255 Email: [email protected] Taman Puncak Kinrara Apartments Vista Lavender Type: Condominium/ serviced residence Tenure: Freehold Asking rent: RM800 Built-up area: 800 sq ft Bedroom(s): 3 Bathroom(s): 2 Description: Top floor unit in good condition with city view. Peaceful and nicely maintained area. About 10 minutes to IOI Mall, Giant and Tesco. Five minutes to Puchong Jaya town centre, 10 minutes to Sunway Pyramid, 10 minutes to Petaling Jaya, 15 minutes to Mid Valley Megamall, easy access to Kesas Highway and LDP. Agent/ negotiator: Admen Ng of Starcity Property Tel: (012) 270 7228 Email: [email protected] Type: Condominium/ serviced residence Tenure: Leasehold Asking rent: RM1,000 Built-up area: 1,017 sq ft Bedroom(s): 3 Bathroom(s): 2 Description: Corner unit, partly furnished, kitchen cabinet, air conditioners, bed frame and water heater. Well-kept and in move-in condition. About five minutes to Chinese school, Kesas Highway, Giant hypermarket, restaurants, clinics and banks. About 15 minutes to Sunway Medical Centre and IOI Mall. Available immediately. Agent/ negotiator: Edmund Chan of Rina Properties Tel: (010) 766 8208 Email: winproperty1488@ gmail.com The Zest Koi Legian Type: Condominium/ serviced residence Tenure: Freehold Asking rent: RM1,800 Built-up area: 1,200 sq ft Bedroom(s): 3 Bathroom(s): 2 Description: Fully furnished with four air conditioners, two water heaters, cookware, fridge, microwave oven, wardrobe and TV. It comes with two covered parking lots. High security with access card. Agent/ negotiator: Wayne Chong of Tech Real Estate Tel: (012) 383 9294 Email: [email protected] Type: Condominium/ serviced residence Tenure: Leasehold Asking rent: RM1,300 Built-up area: 1,200 sq ft Bedroom(s): 3 Bathroom(s): 2 Description: Partly furnished unit with air conditioners, water heater, cooker hob and hood, and kitchen cabinets. Well-kept and in move-in condition. Agent/ negotiator: Edmund Chan of Rina Properties Tel: (010) 766 8208 Email: winproperty1488@ gmail.com The Zest Pangsapuri Seri Kasturi Type: Condominium/ serviced residence Asking rent: RM1,800 Built-up area: 1,205 sq ft Bedroom(s): 3 Bathroom(s): 2 Description: This is a high-floor corner unit previously owner occupied. Kept in meticulous condition. Very windy, spacious and comfortable. Full kitchen cabinetry for both wet and dry kitchens with sliding divider doors, curtains, air conditioners, water heater, dining set, sofa + coffee table. Broadband optional with pool and KL views. Agent/ negotiator: Joey Leong of Reapfield Properties (Mont’Kiara) Sdn Bhd Tel: (012) 231 8667 Email: [email protected] Type: Condominium/ serviced residence Tenure: Freehold Asking rent: RM1,100 Built-up area: 886 sq ft Bedroom(s): 3 Bathroom(s): 2 Description: Top floor unit, available now. Facilities: Playground, 24-hour security, swimming pool, covered parking and so on. Location and accessibility: About five minutes’ drive to Old Klang Road/ Bukit Jalil/ Serdang and Petaling Jaya; 10 minutes’ drive to Jalan Puchong, LDP and Kesas Highway. Agent/ negotiator: Jimmy Low of Goldman Properties Tel: (012) 681 1666 Email: [email protected] Suria Kinrara D’Cahaya Apartment Type: Condominium/ serviced residence Tenure: Leasehold Asking rent: RM850 Built-up area: 712 sq ft Bedroom(s): 3 Bathroom(s): 2 Description: This unit is partly furnished with fans, lights, grilles, fridge, air conditioners and water heaters. Ready to move in. Comes with one parking lot. Easy access to Kesas Highway, Jalan Puchong or Old Klang Road. Less than 10 minutes’ drive to Mid Valley Megamall or Puchong. Facilities: Swimming pools, IT centre, surau, playground and multipurpose hall. Agent/ negotiator: Bryan Cheng of Dutama Properties Tel: (017) 881 6331 Email: [email protected] Type: Condominium/ serviced residence Asking rent: RM1,100 Built-up area: 900 sq ft Bedroom(s): 3 Bathroom(s): 2 Description: High floor unit. Unfurnished. Agent/ negotiator: Emily Tai of TPE Realty Tel: (012) 286 3325 Email: [email protected] DEALMAKERS | F R I DAY S E P T E MB E R 25, 2015 • T HEED G E FINA NCIA L DA I LY PROPERTY EP 7 Coming into his own Chester Properties’ Jei Chew on his career choice and the importance of reputation in the real estate industry BY TA N A I L EN G J ei Chew, marketing director of real estate agency Chester Properties Sdn Bhd, used to be a happy-go-lucky guy with no thought for tomorrow. However, one incident moved him so greatly that it changed him and led him to the path to become a real estate negotiator. “I saw a woman carrying her baby and wanting to withdraw some money from the automated teller machine (ATM). But I noticed that she only had a little more than RM100 in her account and she looked at a loss. I still remember her forlorn face. I started to think, what if I couldn’t earn enough money for myself, will I or my future wife end up like that lady?” recalls the 29-year-old from Taiping. Driven by a strong sense of insecurity following the experience, Jei began to think more seriously about his future. A medical science student in Universiti Sains Malaysia at the time, he could have chosen a career in the medical field. However, he decided to pursue a different vocation. After graduating in 2010, he joined Chester Properties — founded by his elder brother Howard Chew — as a real estate negotiator. Jei’s decision was prompted by one reason — he wanted to earn a lot of money. He soon realised, though, that in order to achieve this, he had a long way to go and more to learn. But he was determined and committed to make real estate negotiating his profession. “As a professional negotiator, I need to know everything about the industry, especially the transaction process. It took me about two years to study the rules and regulations, the details in the sale and purchase agreements as well as the legal terms that appear during the transactions,” says Jei. The knowledge helped him build his reputation as a negotiator. He explains that when customers approach a negotiator, they usually want to know more about a certain property such as the surrounding environment, the capital appreciation and the process of getting a loan. The negotiator’s advice helps customers in their decision-making. In 2012, Jei closed the first significant deal of his career when he sold the remaining 20 units of commercial shoplots at Alam Avenue 2 in Shah Alam’s Section 16 in two weeks. “The project was launched about three years before I handled it. The selling prices of the shoplots ranged from RM1.6 million to RM2.2 million, with a total transaction value of around RM25 million,” he says. His second significant achievement also involved properties in the primary market in Shah Alam —the sale of e-SOFO Suria Jaya. During a four-month period, he and his team sold 150 units, ranging from 430 to 840 sq ft in size, at an average price of RM480 psf. With that sterling performance, Jei was chosen as the top sales negotiator in the project segment in the agency for 2013. Escaping from his brother’s shadow As the youngest in the family and the only younger brother of the agency’s founder, Jei feels that he has to work harder than others to earn the respect of his colleagues and to escape from his brother’s shadow. Howard, 31, has established his reputation and network in the industry and Jei 01 sees him as a role model. It is not a surprise then that Jei’s performance is constantly being compared with his brother’s and many have high expectations of him. “I have to work harder to build my own reputation and network to separate myself from my brother,” he says. Besides focusing on sales, Jei also took the initiative to learn other skills such as graphic design applications and computer programming in order to enhance the company’s marketing tools. “With these knowledge, I can easily communicate with graphic or webpage designers on the design concepts that we want.” Jei’s additional skills elevated him from being just a salesperson to the marketing director of the agency. He is also in charge of running the company’s headquarters in Kota Damansara, Selangor. “Now nobody introduces me as Howard’s brother. Many new customers don’t even know that we are brothers. I consider this as one of my biggest achievements,” declares Jei. Chester Properties was set up in 2008 with only five real estate negotiators. The company now has more than 1,000 negotiators in 14 branches around Peninsular Malaysia. On his choice of career, Jei believes he has made the right decision as all his hard work seems to have paid off. “If not for that eye-opening moment at the ATM, I may still be uncertain about my financial future, like some of my peers who are struggling to make ends meet. I am focused on building up my career,” he says. Reputation matters For those who want to join the real estate industry to earn a lot of money, Jei advises them to focus not only on the monetary aspect but also on the career prospects. According to him, time is needed to build 02 one’s reputation and personal branding. Every negotiator needs to understand the product and know as much as possible about everything related to the property market. “Reputation is the most important thing for a professional negotiator but reputation takes time to build,” he concedes. Jei believes one of the most important principles in building a good reputation is honesty. “Be honest, deliver what you have promised and do not hide anything from the prospective buyer. These are the three main principles if you want to establish your career in the industry for the long term,” he says. For instance, if an agent is selling a unit that was once the scene of a murder, the prospective buyers need to know the truth so that they can make an informed 01. Jei: As a professional negotiator, I need to know everything about the industry, especially the transaction process. Photo by Mohd Izwan Mohd Nazam/The Edge Property 02. Howard (left) has established his reputation and network in the industry and Jei sees him as a role model. decision. Some investors may still buy the unit if they think it is a good deal. “Hiding the disadvantages or misleading the buyer will ruin one’s reputation. We can’t afford to lose customers because of poor reputation,” he concludes. EP 8 PROPERTY | HOME IDEAS FR I DAY SEP TEM B ER 2 5 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY PHOTOS BY RAYMOND LEE Botanical style detail on the plate at Hujan Locale. Mercredi’s chic and casual style with a French accent Specially designed fabrics are used to create beautiful cushion covers, throws and bedcovers at Mercredi. Interesting dining table display at Mercredi features coral red table cloth and blue and white table ware. Island chic More exciting design inspirations from Bali (Part 2) I n the heart of Bali’s art and culture scene lies Ubud. For many years, it has been home to local craftsmen with amazing talent for painting, woodcarving, stone sculpting, jewellery making and textile weaving. Ubud is quite a large province, with many villages excelling in their respective crafts. Since the 1920s, Ubud has attracted many artists from near and far — artists such as the late Walter Spies and Antonio Blanco, and more recently, creative icons such as the flamboyant and talented landscape designer Made Wijaya (Australia-born Micheal White). The place attracts artists with its bohemian lifestyle, lush and beautiful natural surroundings as well as its friendly locals. Having spent a few days wandering around Ubud recently, I was once again inspired as an interior designer, starting with the accommodation that I was in. My favourite hotel in Ubud is the Uma by COMO. Located just next to the Neka Musuem on Jalan Raya Sanggingan, it is a small, intimate property with only 46 rooms and suites featuring casual, relaxed interiors designed by Koichiro Ikebuchi. Adorned with subtle Balinese details, Uma’s décor is elegant, timeless and rather restrained. Just steps away from the Uma are art studios and galleries that offer original works on canvasthat are affordably priced from US$300 (RM1,293). There were a few pieces that could easily feel at home in any modern abode in Malaysia. in the recesses of Ubud. I found his works, which are mainly narratives of village life, most charming and engaging. Most feature Balinese families enjoying some quiet time with friends and even pets. Wandering along Monkey Forest Road, I stumbled upon a branch of homeware store Mercredi (the main store is in Seminyak). The shop was packed with furnishing items such as bedcovers, tablecloths, napkins and cushion covers designed using fabric exclusively made or sourced by its French lady owner. What’s really nice about Mercredi is that you can find vintage-style wicker furniture and charming ceramic tableware plus other accessories all coordinated and displayed in actual room settings. The coral red table runner was a standout for me! After all that shopping, do head to Hujan Contemporary Indonesian art at Tony Raka Gallery. Locale for lunch or dinner. It’s a terrific spot for more design ideas and Asian-inspired culinary creations. I found the casual Colonial atmosphere of the dining hall complete with handcrafted rattan chairs, rustic teakwood tables and custom designed plates most convivial indeed. Operated by the team that brought you the ever popular MamaSan and Sarong in Seminyak, the food here is rather Raymond Lee is an interior designer and founder of delicious too. Xceptional Interiors. He can be contacted at Email: Can’t wait to head back to Bali! [email protected] or check out www.xceptional-interiors.com Raymond Lee is an interior designer and founder of Xceptional Interiors. He can be contacted at Email: [email protected] or check out www.xceptional-interiors.com At Diyano Purwadi’s studio in Ubud. Neil Hoffman’s organic-shaped sculpture at Gaya Ceramics. BY RAYMOND LEE About 10 minutes’ drive away, heading towards Sayan is the ceramic studio of Gaya. Founded by Italians Marcello Massoni and Michela Foppiani, Gaya is located just a few hundred metres from the Four Seasons, and showcases beautiful tableware and one-ofa-kind pieces made in porcelain, stoneware or raku. Many of the clients include international brands such as Armani Casa, Bulgari Hotels & Resorts and the Aman Hospitality Group. During my visit, Gaya had collaborated with artist Neil Hoffman and was displaying his organic-shaped sculptures. Also capturing my attention were some very chic white ceramic vases swathed in gold or silver. Another place for those on the lookout for good quality paintings is the sprawling Tony Raka Gallery in the village of Mas. Here, Tony showed me a selection of works from his group show featuring mainly Indonesian artists. The paintings of Yusron Mudakhir and Made Mahendra Mangku stood out with their contemporary style and great use of colour. I was also fortunate to have visited the studio of Javanese artist Diyano Purwadi, deep