Get smart! - The Edge Markets

Transcription

Get smart! - The Edge Markets
FBM KLCI 1634.89
6.10
KLCI FUTURES 1629.50
7.00
STI 2766.93
3.11
RM/USD 4.0840
CPO RM2495.00
33.00
OIL US$48.20
0.52
GOLD US$1250.10
2.80
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.60 (INCLUSIVE OF 6% GST)
TUESDAY MAY 24, 2016 ISSUE 2173/2016
FINANCIAL
DAILY
MAKE
BETTER
DECISIONS
Najib: MoF not
legally obligated
to assume 1MDB’s
US$3.5b bonds
5 HOME BUSINESS
www.theedgemarkets.com
6 HOME BUSINESS
MAHB kick-starts
KLIA Aeropolis
project with fi
five
ve
partnerships
Y
L
N
O
Gas Supply Bill
empowering
minister to approve
licences passed
al
port
y
t
er
ed
propyou ne
7 HOME BUSINESS
Ho Hup trims FY16
profi
fit growth target
$N
12 H O M E
Liisstiinngs
es bridge,
Approve
chthird
n
u
a
l
w Eng appeals to
NeGuan
federal govt
t
x
e
n
our
y
d
n
i
F
First time over RM1b sold
week
ks since
since
for two straight weeks
Auggust 2015
2015 — MIDF.
August
Surin M
urugiah has the
Surin
Murugiah
story on Page 4.
sicss
ws
D
Ne
st
s
N
News ata
13 H O M E
FOREIGNt! SELLING
r
a
m
@
s
SOARS
ON
BURSA
e
t
m
Ge
o
h
MALAYSIA
lnytgics
he
it's t
,
y
l
ous
Seri
6 HOME BUSINESS
Ne
Right candidate key
in Sungai Besar polls
1617 FOCUS
Give the Porsche
Macan a chance
Hwang Capital chairman offers RM2.65
per share to take company private
PA G E 2
Hwang Lip Teik
FBM KLCI 1634.89
6.10
KLCI FUTURES 1629.50
7.00
STI 2766.93
3.11
RM/USD 4.0840
CPO RM2495.00
33.00
OIL US$48.20
0.52
GOLD US$1250.10
2.80
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.60 (INCLUSIVE OF 6% GST)
TUESDAY MAY 24, 2016 ISSUE 2173/2016
FINANCIAL
DAILY
MAKE
BETTER
DECISIONS
Najib: MoF not
legally obligated
to assume 1MDB’s
US$3.5b bonds
5 HOME BUSINESS
www.theedgemarkets.com
6 HOME BUSINESS
MAHB kick-starts
KLIA Aeropolis
project with five
partnerships
6 HOME BUSINESS
Gas Supply Bill
empowering
minister to approve
licences passed
7 HOME BUSINESS
Ho Hup trims FY16
profit growth target
12 H O M E
Approve third bridge,
Guan Eng appeals to
federal govt
FOREIGN SELLING
SOARS ON BURSA
MALAYSIA
First time over RM1b sold
for two straight weeks since
August 2015 — MIDF.
Surin Murugiah has the
story on Page 4.
13 H O M E
Right candidate key
in Sungai Besar polls
1617 FOCUS
Give the Porsche
Macan a chance
Hwang Capital chairman offers RM2.65
per share to take company private
PA G E 2
Hwang Lip Teik
T U ESDAY M AY 24, 2 0 16 • TH EEDGE F I N AN C I AL DAI LY
2
For breaking news updates go to
www.theedgemarkets.com
ON EDGE T V
www.theedgemarkets.com
Behind
the Story:
Genting’s ‘risky’
mega bet
Hwang Capital chairman
offers to take company private
For RM2.65 per share or about RM469 million in total
BY TAN SIE W M U NG
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
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KUALA LUMPUR: Hwang Capital (Malaysia) Bhd has received
a takeover offer from the group’s
major shareholders, led by chairman Hwang Lip Teik and Hwang
Enterprises Sdn Bhd, to take the
group private for RM2.65 per share
or about RM469 million in total.
The offer price is at a near 20%
premium to the stock’s last traded
price of RM2.21 on May 19, and 21%
above the five-market day volume
weighted average price of Hwang
Capital’s shares up to and including May 19, of RM2.19.
As at Jan 31, 2016, Hwang Capital’s
net assets per share stood at RM3.22.
According to the conditional voluntary takeover offer notice from
Affin Hwang Investment Bank Bhd,
which was sent to Hwang Capital
yesterday on behalf of Hwang Enterprises and Lip Teik, the joint
offerors intend to acquire all the
remaining ordinary stake in Hwang
Capital (Malaysia) not already
owned by the joint offerors.
As at May 20, the joint offerors
held 78.06 million Hwang Capital
shares, or 30.59% of the issued and
paid-up share capital of the group,
of which 4.07% is directly under
Lip Teik. Lip Teik is the eldest son
of Hwang Capital’s late founder,
Datuk Seri Hwang Sing Lue.
Lip Teik is also the controlling
shareholder of Hwang Enterprises
with a 61.6% stake. As such, he is
the ultimate offeror for the offer,
said Affin.
Also acting in concert with the
joint offerors are: Lip Teik’s siblings
Hwang Lip Koon, Hwang Yee Chern,
Hwang Yee Cheau and Hwang Yee
Tuan, and Yee Cheau’s spouse Teoh
Teik Kee, Lip Koon’s spouse Tan Gaik
Kheng, Ladies Own Sdn Bhd (LOSB),
and Pensin Investments Pte Ltd.
LOSB is the company in which
Lip Teik, Lip Koon, Yee Chern, Yee
Cheau and Yee Tuan are substantial
shareholders, while Pensin is controlled by Lip Teik and Yee Cheau.
The joint offerors do not intend
to maintain the listing status of
Hwang Capital (Malaysia).
The offer is conditional upon the
joint offerors having received, on
or before the closing of the offer,
valid acceptances that will result
in them holding more than 50% of
the voting shares in Hwang Capital.
The offer will remain open for
acceptances for no less than 21
days from yesterday.
In response, Hwang Capital said
its board, save for the interested di-
Vento comes in three variants
KUALA LUMPUR: Volkswagen Malaysia recently unveiled the new
Volkswagen Vento, which is available in three variants: Trendline,
Comfortline and Highline.
The Vento Highline is powered
by the award-winning 1.2l turbocharged direct injection TSI engine
with an output of 105PS. Paired
with the seven-speed automatic
transmission DSG with a maximum
torque of 175Nm, the Vento is the
sedan with the highest torque in
its class.
The 1.6l Comfortline and Trendline come with a six-speed automatic
transmission gearbox with Tiptronic
function with an output of 105PS,
maximum torque of 153Nm and fuel
consumption of 6.5 litres per 100km.
According to Volkswagen Group
Malaysia managing director Armin
Keller, the Vento is a sedan that has
it all — performance, design, safety
and innovation.
“We are pleased to introduce
the Volkswagen Vento to the local
Keller: The Vento is a
sedan that has it all —
performance, design,
safety and innovation.
market. As the latest Volkswagen
model to be assembled locally with
our partner, DRB-Hicom, the Vento
plays a vital role in our strategy to
making our cars more accessible
and affordable to Malaysians.”
The new Vento is priced at
RM79,888 for the Trendline,
RM86,888 for the Comfortline; and
RM93,888 for the Highline.
World leaders meet in Istanbul
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Managing Director Au Foong Yee
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MARKETING & ADVERTISING
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Senior Manager Elizabeth Lay
ISTANBUL: Global leaders met in
Istanbul yesterday to tackle a “broken” humanitarian system that has
left 130 million people in need of
aid, a near insurmountable task
for a two-day summit that critics
say risks achieving little.
Billed as the first of its kind, the
United Nations (UN) summit aims to
develop a better response to what has
been called the worst humanitarian
crisis since World War II, mobilise
more funds and find agreement on
better caring for displaced civilians.
UN secretary-general Ban Kimoon called on governments, businesses and aid groups to commit to
halving the number of displaced civilians by 2030. “We are here to shape
a different future,” he said in an address at the start of the conference.
“I urge you to ... find better longterm solutions for refugees and displaced people based on [a] more
equal sharing of responsibilities.”
But that may be difficult to attain. The global aid agency Médecins Sans Frontières pulled out of
the conference earlier this month,
saying it had lost hope the participants could address weaknesses
in emergency response.
Critics say the global aid system
needs greater financing to cope
with a proliferation of regional
wars and failed states that have
ballooned the numbers of displaced
people, and to reduce inefficiency and corruption that consume
considerable humanitarian funds
before they can benefit those most
in need. — Reuters
rectors, will deliberate on the offer
and will decide whether or not to
seek an alternative person to make
a takeover offer for the offer shares,
and that the announcement on that
will be announced in due course.
“In the mean time, shareholders are advised to exercise caution
when dealing with shares and refrain from taking any action which
may be prejudicial to their interests
until they have considered the information set out in the offer document and independent advice
circular, including the advice of the
independent adviser and the recommendation of the non-interested directors on the offer,” it added.
Separately, Hwang Capital
(Malaysia) said the trading of the
group’s shares, which has been
suspended for two days since last
Friday, resumes today.
Sungai Batu
Archaeological
Complex declared oldest civilisation in SEA
SUNGAI PETANI: The Sungai
Batu Archaeological Complex
created history yesterday when
it was declared as the earliest
and oldest civilisation in Southeast Asia (SEA). The declaration plaque was presented by
Oxford University archaeologist Professor Dr Stephen Oppenheimer to Universiti Sains
Malaysia’s Centre for Global
Archaeological Research director Prof Datuk Dr Mokhtar
Saidin. Five archaeological experts, representing five world
civilisations, namely Mesopotamia, Indus, Mesoamerica,
China and Greek-Rome, signed
the declaration plaque, said
Mokhtar. — Bernama
Rafizi to provide
proof of corruption in
Selangor government
KUALA LUMPUR: PKR secretary-general Mohd Rafizi Ramli
will provide proof of the alleged
corruption in the state government to party president, Datuk
Seri Dr Wan Azizah Wan Ismail,
during a meeting today. Rafizi
said cases regarding disciplinary
issues would be brought to the
party’s disciplinary bureau, and
further action would be taken
against those found guilty. “I will
hand over all evidence to her
(the president) and we will wait
for discussions within the party
before making the decision to report it to the Malaysian Anti-Corruption Commission,” he told
reporters at the Parliament lobby here yesterday. — Bernama
T U ESDAY M AY 24, 2 0 16 • TH EEDGE F I N AN C I AL DAI LY
4 HOME BUSINESS
Foreign selling soars
on Bursa Malaysia
UMW O&G
posts RM65m
net loss in 1Q
BY ME E N A L A K S H A N A
First time over RM1b sold for two straight weeks since August 2015 — MIDF
KUALA LUMPUR: Foreign selling is
soaring in Asia, no exception for Bursa Malaysia, sending equity prices on
a downward trend regionally due to
the reverse of the fund flow ahead of
the US Federal Reserve’s decision on
its interest rate in mid-June.
The continued foreign selling
has weighed down the FBM KLCI,
which has been on the decline since
April 25.
Over the past month, the FBM
KLCI had fallen as much as 93.3
points or 5.44% to a low of 1,621.21
points last Monday from 1,714.51
points on April 25. The benchmark
index closed at 1,634.89 points yesterday, down 3.4% year to date (YTD).
The ringgit had depreciated 4.47%
against the US dollar between April
25 and May 16 from 3.9075 to 4.0273.
The ringgit closed at 4.0825 against
the greenback yesterday.
Foreign selling continued for the
fourth consecutive week and surpassed the prior week’s YTD high on
Bursa, according to MIDF Research.
MIDF Research head Zulkifli
Hamzah said regionally global liquidity continued to flow out of Asia
last week; investors classified as “foreign” offloaded up to US$990 million
equities as the intensifying debate of
a US Fed June hike has been dampening global investors’ appetite for
Asian stocks in general.
In the weekly fund flow report yesterday, Zulkifli said the net amount
offloaded by foreign investors edged
up to RM1.158 billion from RM1.004
billion the week before.
He said it was the first time foreigners sold more than RM1 billion
for two consecutive weeks since August 2015, based on transactions in
the open market which excluded
off-market deals.
“Foreigners were net sellers every
single day last week. As of [last] Friday, foreign investors had been selling in 17 out of 18 straight days.
“We note that daily selling has
been consistently more than RM100
million. The prior week’s selling mo-
Weekly net flow of foreign
funds into Malaysian equities
(RM mil)
1500
1000
500
0
-500
-1000
-1500
Jan 8
Jan 15
Jan 22
Jan 29
Feb 5
Feb 12
Feb 19
Feb 26
March 4
March 11
March 18
March 25
April 1
April 8
April 15
April 22
April 29
May 6
May 13
May 20
BY SURIN MURUGIAH
Source: MIDF Equity Research
mentum was carried forward into
last week,” he said.
He said last week’s foreign withdrawal further reduced the cumulative net foreign inflow into shares listed on Bursa to an estimated RM3.19
billion so far this year, down from the
prior week’s RM4.35 billion.
Nonetheless, he noted that the
amount is still modest relative to
the RM19.5 billion and RM6.9 billion net outflows in 2015 and 2014
respectively.
Zulkifli said the foreign participation rate edged down 6% compared
with the prior week as it has narrowed
by RM64.8 million to RM1 billion.
Nonetheless, he said that was its
third consecutive week staying at
over RM1 billion.
“Daily total foreign trade has
been high on [last] Wednesday and
[last] Thursday, which amounted to
RM1.19 billion and RM1.16 billion
respectively.
“Local institutions continued to
support the market, mopping up
RM1.179 billion. However, their participation rate declined to RM1.95
billion, the lowest since March this
year,” he said.
He said retail buyers, for the first
time in four weeks, turned net sellers
by offloading RM21.2 million.
Multi-Usage
lodges police
report against
director
CIMB expects SME loan to
maintain last year’s growth pace
BY GHO C H EE Y UAN
BY YIM IE YO NG
KUALA LUMPUR: Multi-Usage Holdings Bhd has lodged a police report
against its non-independent and
non-executive director Tan Chew
Hua for possible cheating and criminal breach of trust in relation to the
purchase of properties from a subsidiary, TF Land Sdn Bhd.
In a bourse filing, the company
said the report was lodged last Friday
for possible breaches under Section
420 (which deals with cheating and
dishonestly inducing delivery of property) and/or Section 409 (criminal
breach of trust by a public servant or
agent) and/or Section 403 (dishonest
misappropriation of property) of the
Penal Code.
Last November, Multi-Usage announced it had appointed UHY FLVS
Sdn Bhd to carry out a special audit
on complaints made against its directors. In March, it announced the
audit had revealed, among others, a
special purpose vehicle (SPV) called
Wealthy Achiever Sdn Bhd is connected to certain directors, and that the
SPV had made an estimated profit of
RM10.4 million from the company’s
debt restructuring exercise in 2009.
It also found that a director of Multi-Usage and his brother acquired
five properties from a subsidiary of
Multi-Usage in 2002 and 2007. However, the payment was not made in
accordance with the terms stipulated
in the sale and purchase agreements.
KUALA LUMPUR: CIMB Group
Holdings Bhd expects its lendings
to the small and medium enterprise
(SME) division to maintain last
year’s growth momentum.
“We expect about the same as last
year. It will continue to grow,” said its
chief executive officer (CEO) of group
consumer banking Renzo Viegas.
“Even though the time is more
challenging, SME is able to grow
about the same like last year,” he
told reporters after the memorandum of understanding (MoU) signing ceremony between CIMB Bank
Bhd and Credit Guarantee Corp
Malaysia Bhd (CGC).
Last year, the loan growth for the
SME segment of the bank stood at
46%, according to Viegas. The SME
loan growth for the whole banking
industry was at 18%.
Viegas said CIMB Bank has
about 400,000 SME customers,
close to 40% market share as there
are one million registered SME customers in the country.
CGC president and CEO Mohd
Zamree Mohd Ishak said that there
are signs that SMEs from the construction sector are affected by
the slower economic growth. But
he believes that the impact will
be mitigated by the kick-start of
several major projects such as the
Pan Borneo Highway, Petroliam
Nasional Bhd’s refinery and petrochemical integrated development
(Rapid) in Pengerang, Johor, and
the Sungai Buloh-Serdang-Putra-
jaya mass rapid transit line.
CIMB Bank and CGC inked the
MoU to offer up to a total of RM1
billion of Enterprise Clean Loan
(ECL) as part of their joint initiative to nurture and develop Malaysian SMEs.
The ECL is based on a customised portfolio guarantee product
offered by CGC to CIMB Bank, to
enable the latter to offer unsecured
business loans to SMEs.
The MoU marks the enhancement of an already successful strategic collaboration between CIMB
Bank and CGC since 2005, by making available a further RM750 million for the ECL.
CIMB Bank and CGC had
launched earlier three tranches of the
ECL amounting to RM250 million.
KUALA LUMPUR: UMW Oil and Gas
Corp Bhd (UMW O&G) posted a net
loss of RM65.08 million or 3.01 sen a
share in the first quarter ended March
31, 2016 (1QFY16) compared to a net
profit of RM32.15 million or 1.49 sen
a share a year ago.
However, the quarterly net loss
is substantially lower against the
loss of RM409.13 million recorded
in 4QFY15, dragged down by massive impairment losses and goodwill.
The group’s revenue more than
halved to RM87.68 million in
1QFY16 from RM312.5 million in
1QFY15.
UMW O&G said in a bourse filing yesterday that both its drilling
services and oilfield services segments contributed lower revenue
in 1QFY16 due to much lower levels
of exploration, development and
production activities in the oil-andgas industry.
The group said weak demands
for drilling and oilfield services in
1QFY16 due to low oil prices had
caused both the drilling services
and oilfield services segments to
incur losses.
The drilling services segment,
which contributed RM81.3 million,
contributing nearly 93% of the total
revenue of RM87.7 million, shrank
73% against the RM300 million recorded in the previous corresponding quarter, principally due to low
utilisation of some of the assets in
the group during 1QFY16 as a result
of the significant cuts in capital and
operating expenditures by oil majors, the filing read.
However, the additional revenue
contributions from two new jack-up
rigs, UMW Naga 8 and UMW Naga
7, which commenced operations
in September and November 2015
respectively, mitigated the revenue
reduction.
Consequently, the drilling services segment incurred a loss of
RM93.4 million in 1QFY16 compared to a profit before tax of
RM38.6 million in 1QFY15.
The oilfield services segment contributed barely RM6.4 million or 7.3%
of the group’s revenue compared with
RM12.5 million or 48.8% a year ago,
due to lower revenue from the group’s
operations in Labuan, Thailand, China and Turkmenistan.
The oilfield services segment reported a loss before tax of RM1.4
million in 1QFY16 compared to a
profit of RM2.7 million recorded in
1QFY15.
Genting Plantations’ 1Q net profit halves to RM26.99m
BY TAN SIE W M U NG
KUALA LUMPUR: Genting Plantations Bhd’s net profit almost
halved to RM26.99 million or 3.44
sen per share in the first quarter
ended March 31, 2016 (1QFY16),
compared with RM52.66 million
or 6.83 sen per share a year ago,
due to lower contributions from
Malaysia’s plantation and property
businesses.
According to its bourse filing
yesterday, its revenue fell 19.58%
to RM260.87 million from RM324.4
million in 1QFY15.
Profit before tax for the Malaysian
plantation segment fell 28% year-onyear (y-o-y) to RM49.1 million, while
the property segment dropped 62%
y-o-y to RM11.4 million.
“The decline was due to lower contributions from the Plantation-Malaysia and property seg-
ments, amid lower production of
fresh fruit bunches (FFB) and lower land sales respectively, [which]
outweighed improvements in the
Plantation-Indonesia and downstream manufacturing segments
that were correspondingly driven
by increased FFB production and
higher biodiesel sales for the national B7 programme,” it said.
Overall, the group achieved a
crude palm oil price of RM2,273 per
tonne in 1QFY16, moderately higher
than in 1QFY15; palm kernel prices
were 7% higher y-o-y at RM1,866.
Going forward, it said the direction of palm oil prices is likely to
continue having a significant influence on the overall performance
of the group this year.
For its property segment, it will
strive to ensure its new offerings are
well timed and fully aligned with
market requirements.
TU E SDAY MAY 24 , 20 16 • T HEED G E FINA NCIA L DA ILY
HOME BUSINESS 5
MoF not legally obligated
to assume 1MDB bonds
There is no government guarantee or letter of support for the debt, says Najib
BY C H EN SHAUA FU I
KUALA LUMPUR: Prime Minister
Datuk Seri Najib Razak said the
Ministry of Finance (MoF) is not
legally obligated to assume US$3.5
billion worth of 1Malaysia Development Bhd (1MDB) bonds, as
there is no government guarantee
or letter of support for the debt.
Najib, who is also the finance
minister, said this in a written reply
to queries by members of parliament
(MPs) in Parliament on whether the
ministry is legally obligated to as-
sume the bonds, since International
Petroleum Investment Co (IPIC) has
refused to honour the binding term
sheet dated May 28, 2015.
MPs also asked Najib on the
dispute between 1MDB and IPIC.
Najib said: “Given that the matter is still under dispute, the Ministry of Finance will wait for this issue
to be fully resolved before taking
action against any party.”
To recap, IPIC and its unit Aabar
Investments PJS entered into a
debt-settlement agreement via the
binding term sheet on May 28, 2015,
after 1MDB realised it needed help
to settle the debts it had taken to
buy its power assets.
Under the debt-settlement agreement, IPIC provided 1MDB US$1 billion cash. It had also agreed to pay all
interests due under the IPIC-guaranteed US$3.5 billion bonds and
to take over liabilities for payment
obligations under the bonds.
In exchange for IPIC’s guarantee on the US$3.5 billion worth of
bonds, 1MDB was obliged to make
collateral payments to IPIC’s subsidiary Aabar by Dec 31, 2015.
1MDB contended that it had
made the collateral payments —
US$855 million, US$933 million and
US$295 million as security deposits
and other guarantees — between
2012 and 2014, as well as a US$1.4
billion security deposit to an entity
called Aabar Investments PJS Ltd
registered in the British Virgin Islands (Aabar BVI).
1MDB had also said it might
have been a victim of fraud, following IPIC’s clarification that
Aabar BVI was not a unit of the
sovereign wealth fund.
IPIC, meanwhile, had paid interests due on the bonds twice on
behalf of 1MDB.
The latest was for the US$52.4
million (RM213.8 million) interest due on May 11 in respect of the
US$1.75 billion fixed rate 5.99%
notes.
Prior to that, 1MDB had defaulted on a US$50 million payment that
was due on April 18, in respect of
the US$1.75 billion fixed rate 5.75%
notes, which IPIC announced on
April 29 that it had paid to honour its
obligation as guarantor of the notes.
Fortunes of 1MDB bonds diverge
BY DAVI D YONG & DENISE W EE
SINGAPORE/HONG KONG: The
fortunes of bonds in Malaysia’s
troubled investment fund are diverging this month: Those guaranteed by Abu Dhabi’s sovereign
wealth fund have rallied, while
notes with support from Malaysia’s
own government have dropped.
1Malaysia Development Bhd
(1MDB), whose advisory board
has been headed by Prime Minister Datuk Seri Najib Razak, held
talks with creditors yesterday after
defaulting last month.
In a statement yesterday,
1MDB said it had undertaken
“the first update call for its USDdenominated bondholders” and
that during the call had updated
the status of the bonds and outlined the next steps of the process.
It also discussed the background to 1MDB’s decision not
to make the interest payment on
its US$1.75 billion (RM7.14 billion)
Langat bonds, and updated holders
on the progress 1MDB has made on
its rationalisation plan, and reiterated its commitment to working
openly with Abu Dhabi’s International Petroleum Investment Co
(IPIC) to resolve their dispute.
Meanwhile, its 4.4% 2023 notes,
backed by a letter of support from the
government, slumped 6.4% in May,
set for the worst slide in 16 months.
The fund’s 5.99% 2022 bonds,
on which IPIC paid interest earlier
this month in its role as guarantor,
gained 1.9%. That’s the most since
at least September 2014.
The contrast reflects growing investor concern about the Malaysian
government backing as Najib grapples with an economy forecast to
expand at the slowest pace in seven
years amid a collapse in oil prices.
1MDB is at the centre of multiple
investigations from Switzerland to
the United States amid allegations
of money laundering and embezzlement. Even as the firm has consistently denied wrongdoing, it’s brought
negative attention to the government.
“In the past, people could just look
at the support as enough,” said Sean
Chang, head of Asian debt investment
at Baring Asset Management Ltd in
Hong Kong. “But now, the macro
picture is very different. Malaysia is a
commodity exporter and if this kind of
market environment persists, it may
not do them a favour. A straight guarantee is more clear-cut and people are
happy to hold on to those exposures.”
With another coupon due this
month, 1MDB referred requests for
comments on its interest payment
plans to previous statements it had
made on the matter. The company
said on April 26 that “it will meet all of
its other existing financial obligations
and has ample liquidity to do so”.
The Malaysian finance ministry
reiterated on May 11 that it will
“continue to fulfil all of its outstanding financial commitments
including any explicitly guaranteed
debt and debt which carries a government letter of support, to domestic and international investors”.
1MDB itself didn’t make payments on two IPIC-guaranteed bonds
in the past month because of a dispute with the Abu Dhabi sovereign
wealth fund. On April 25, the fund defaulted on a US$1.75 billion privately
placed bond, missing a US$50 million
interest payment. IPIC, which was
also co-guarantor on those notes, said
it would only make the payment if the
Malaysian fund first failed to do so.
On May 11, IPIC paid US$52.4
million of interest due that day on
1MDB’s 5.99% securities after saying
1MDB reneged on it. While IPIC said
it made the payment, this time it did
so on the due date unlike in April.
1MDB’s failure to make payment
in April triggered a cross default on
the RM5 billion of 5.75% Islamic
bonds due in 2039 and RM2.4 billion of notes maturing in 2021 to 2024,
according to company statements.
1MDB will have to pay RM143.8 million of coupons on the 2039 notes,
which are guaranteed by the Malaysian government, on May 30, according to data compiled by Bloomberg.
Investors are betting that such guarantees are stronger signals of backing
than the letters of support, such as the
one on the 2023 debentures.
“Admittedly, the letter of support on the 2023s can essentially be
considered an implicit guarantee
at best,” Imtiaz Shefuddin, a Singapore-based credit analyst at Societe Generale SA, said in a May 19
note to clients. Still, previous cases
involving such letters have shown
that the government has honoured
its obligations, he said. — Bloomberg
T U ESDAY M AY 24, 2 0 16 • TH EEDGE F I N AN C I AL DAI LY
6 HOME BUSINESS
MAHB kick-starts
Aeropolis project
with 5 partnerships
To make Malaysia an aviation hub in Asean
BY C H ESTER TAY
KUALA LUMPUR: Malaysia Airports
Holdings Bhd (MAHB) has formed
five partnerships with several parties, including AirAsia Bhd and DRBHicom Bhd, to expand air cargo operations as well as aeronautical support;
logistics; and maintenance, repair
and overhaul (MRO) services locally.
This is part of the airport operator’s massive KLIA Aeropolis project, which aims to make Malaysia
an aviation hub in Asean.
Yesterday, MAHB entered into three
memoranda of understanding (MoU)
and two partnership agreements for
the development of KLIA Aeropolis.
Under the MoU with AirAsia, the
low-cost carrier will develop a regional distribution centre at the cargo terminal for its low-cost express
courier and parcel delivery services
called Redbox. MAHB also entered
into the MoU with DRB-Hicom for
the latter’s wholly-owned unit KL
Airport Services Sdn Bhd (KLAS),
an aviation ground services provider, to develop 450,000 sq ft space in
the former low-cost carrier terminal
(LCCT) into a cargo terminal.
Raya Airways Sdn
explore the setting up of
Bhd will also occupy
a regional distribution
200,000 sq ft in the forcentre for the managemer LCCT for its carment and distribution
go business. Raya Airof spare parts for bagways will partner DHL
gage-handling systems
Express (M) Sdn Bhd
in Malaysia. Vanderand Dnata, an aircraft
lande is involved in bagground handling and
gage-handling systems
cargo services provider,
for airports, and sorting
to undertake the project.
systems for parcel and
This confirms The
postal services.
Edge Financial Dai- Badlisham says MAHB
MAHB also enly’s report dated May looks forward to more
tered into a tie-up with
16 that Raya Air, for- proposals. Photo by
RUAG Aviation Malaymerly Transmile Air Shahrin Yahya
sia Sdn Bhd, a SwitzerServices Sdn Bhd, will
land-based civil and
soon break the duopomilitary aviation supplily and get a slice of market share in er, support provider and integrator of
the provision of cargo terminal and systems and components. The partground-handling services at KLIA. nership is to convert the former cusCurrently, there are two major toms building at Sultan Abdul Aziz
ground handlers, DRB-Hicom- Shah Airport into an MRO facility.
owned KLAS, which is in the midst
At the launching ceremony of
of selling KLAS to Pos Malaysia Bhd, KLIA Aeropolis yesterday, the group’s
and Malaysia Airlines Bhd Cargo.
managing director Datuk Badlisham
MAHB has also formed a partner- Ghazali told reporters that MAHB
ship agreement with Vanderlande looks forward to more investment
Industries BV, a Netherlands-based proposals being submitted to the
material handling and logistics au- group after the commencement of
tomation firm. The partnership is to the project.
Gas Supply Bill empowering
minister to approve licences passed
BY C H EN SHAUA F UI
KUALA LUMPUR: The Energy Commission may only grant a licence for
the regasification or distribution of
gas with the approval of a minister
under the Gas Supply (Amendment)
Bill 2016 that was passed in the Dewan Rakyat yesterday.
The commission may also only
grant a licence for the transportation
of gas to a person designated by the
minister, who will be from the Prime
Minister’s Department (which is in
charge of matters relating to the petroleum sector).
Minister in the Prime Minister’s
Department Datuk Seri Abdul Wahid
Omar, in his winding-up speech, said
the prime minister would be one of
the ministers who would be in charge
of giving the approvals. He said this
matter would be determined by the
prime minister or the minister because it involved high-cost assets and
could not be given to any company.
“Although this power lies in the
hands of the minister, the procedure is still carried out by the Energy Commission,” said Abdul Wahid
in reply to concerns raised by PKR
parliamentarian Wong Chen.
Wong noted that under the existing Gas Supply Act 1993, the Energy
Commission, which is a unit under
the energy, green technology and
water ministry, has full powers in
the granting of the licences
Speaking at a press conference later, the Kelana Jaya lawmaker said the
power to grant licence in the multibillion ringgit industry would effectively shift from the energy ministry
to the Prime Minister’s Department.
Wong said the explanatory note
to the bill allegedly confirmed that
the licence would create a monopoly
for the licence holder.
“This bill is contrary to corporate governance and is obviously anti-competition. These amendments
will effectively legalise crony capitalism and allow for the Ali-Baba
practices to continue legally,” he said.
According to the explanatory note,
the amendments are aimed at ensuring that only reliable business entities
get to participate in the gas market.
It noted that the minister will only
approve licences involving high-cost
infrastructure such as regasification
terminal, transmission and distribu-
tion pipelines. For other activities
such as imports into regasification
terminal, shipping, retail and use of
gas, the Energy Commission on its
own may issue the licences.
“Further, the proposed amendment will empower the minister to
designate a person to be granted a
transportation licence with monopoly status for a specific area of gas
supply,” the note read.
The bill also allows for the licence
to be transferred, assigned, sub-assigned or disposed of only with the
written consent of the minister.
Abdul Wahid said this is to ensure
that if a licence holder is made a bankrupt, the minister can transfer the
licence to another person to ensure
there is no disruption in gas supply.
On the opposition’s argument
that the amendment was anti-competition, Abdul Wahid said the new
bill was actually an improvement
over the existing law, as it would give
third-party access to the existing supply chain and thereby create competition. He highlighted that with the
enforcement of the bill, the price of
gas will no longer be controlled by
the government, but by the market.
MOST VIEWED STORIES ON
theedgemarkets.com
Multi Sports shareholder calls for
EGM to appoint new directors
BY G H O C H E E Y UA N
KUALA LUMPUR: Paramjit Singh
Gill, a major shareholder of Multi
Sports Holding Ltd, has requisitioned an extraordinary general
meeting (EGM) to seek the appointment of five individuals to
the company’s board.
The China-based shoe sole
maker said in a filing with Bursa
Malaysia that Paramjit claimed he
is the beneficial owner with no less
than 10% of the paid-up capital of
the company held through JF Apex
Nominees (Tempatan) Sdn Bhd.
He is seeking the appointment
of Kasinathan Tulasi, Naren Anand
Gill, Clarence Yeow Kong Chew,
Cheh Chee Mun and Guan Swee
Kee as directors of the company.
Subsequently, he wants these
directors to be also made directors
of the company’s five subsidiaries.
According to the filing, Paramjit
requested the EGM to be convened
within 21 days from the date of the
requisition (May 20).
Paramjit surfaced as Multi
Sports’ substantial shareholder
on Feb 10 this year after acquiring
30.42 million shares or a 5.11%
stake in the company in the open
market. On March 2, he raised
his shareholding to 72.19 million
shares or a 12.13% stake.
The company’s executive chairman Lin Huo Zhi controlled 11.45%
of the shares via his private vehicle Power Wide Holdings Ltd as
at Feb 19.
Multi Sports currently has three
directors — Lin, chief executive
officer-cum-executive director Lin
Li Ying and independent non-executive director Wong Wang Lum.
Initially, the company had six
directors, but Gong Anne retired
from the board on June 22 last year,
while another two independent
non-executive directors — Ang Wei
Chuan and Bernand Tan Chin Teik
— resigned on April 20 this year.
The trading of shares in Multi
Sports has been suspended as the
company failed to submit its latest
annual report by the regulator’s
deadline of May 9.
Competition drags Lafarge’s
1Q net profit down 72%
BY G H O C H E E Y UA N
KUALA LUMPUR: Lafarge Malaysia Bhd, the country’s largest
cement manufacturer, saw its net
profit fall nearly 72% to RM20.65
million in the first quarter ended
March 31, 3016 (1QFY16), from
RM73.69 million a year ago, on
lower contribution from its cement
segment, following the continued
price competition.
One-off Holcim Malaysia integration costs also affected earnings,
its bourse filing yesterday showed.
“The higher share of loss in an
associate, coupled with higher depreciation charges and higher finance costs arising from the borrowings raised late last year to fund
the acquisition of Holcim Malaysia,
also contributed to the group’s lower profit before tax,” it said.
Its interest income of RM600,000
for the quarter was also lower, compared with RM1.9 million in the corresponding quarter last year, due to
a lesser amount of funds placed on
short-term deposits.
Quarterly revenue slipped 3.8%
to RM669.78 million from RM696.09
million a year earlier, mainly attributed to the lower sales contribution
from its cement segment due to stiff
competition in the market and continued pricing pressures.
Still, it declared a first interim
dividend of three sen per share, five
sen lower from last year’s eight sen;
the dividend is payable on July 27.
JCY ceases China HDD
ops on sluggish demand
BY G H O C H E E Y UA N
KUALA LUMPUR: JCY International Bhd has ceased, with immediate
effect, the operation of its subsidiary in China, Foshan YK HDD Co
Ltd, in view of sluggish demand for
hard disk drives (HDDs).
“Global demand for HDD
products continues to face a very
challenging global economic environment,” the integrated HDD
component maker told the stock
exchange in a filing yesterday.
It added that the total addressable market (TAM) remains weak
in the coming quarters, and its production facilities in YK Foshan have
not been optimised meaningfully,
while it has sufficient facilities in
other locations should the TAM
recover in the near term.
“The board, taking cognisant
of the above and after having reviewed and assessed the overall
production facilities of the group,
is of the view that it is more operationally efficient and cost-effective to cease the operations in YK
Foshan,” it added.
JCY said there are no other liabilities to be assumed by the company from the cessation.
It noted that there will be an estimated one-time cost impact arising from fixed assets impairment
and/or fixed assets written down
of RM12.6 million, being 1.7% of
its net assets as at Sept 30, 2015.
Barring any unforeseen circumstances, JCY expects the cessation
to be completed by Sept 30, 2016.
TU E SDAY MAY 24 , 20 16 • T HEED G E FINA NCIA L DA ILY
HOME BUSINESS 7
Ho Hup trims FY16
profit growth target
On continued slowdown in property market
BY MEENA L A KSHA NA
KUALA LUMPUR: Ho Hup Construction Company Bhd, which saw
its earnings slip 5% in the first quarter ended March 31, 2016 (1QFY16),
has trimmed its profit after tax (PAT)
growth target to between 15% and
20% for FY16, in view of the continued slowdown in the property market. It had previously targeted a rise
of between 20% and 25%.
“Given the slowdown in the
property market, we are not slowing down our property launches,
but we are being a little bit more
cautious,” said Ho Hup chief executive officer Datuk Derek Wong Kit
Leong after the company’s annual
general meeting yesterday.
“We still have balance land in
Bukit Jalil and we are timing the
launch for that. We are readjusting the timing of our launches,” he
added.
In FY15, Ho Hup’s net profit
gained 8.15% to RM71.11 million,
mainly due to the turnaround of its
concrete mix division.
In 1QFY16, Ho Hup’s net profit
declined to RM19.08 million from
RM20.09 million a year ago, on additional financing costs incurred for
corporate acquisitions and costs of
funding new projects.
Quarterly revenue, meanwhile,
declined 7.8% to RM81.08 million
from RM87.96 million on no progress billings in its joint-venture
(JV) project in Bukit Jalil City and
the Tower C JV with Gemilang Eramaju Sdn Bhd.
This year, Wong said, Ho Hup
plans to launch serviced apartments
and two floors of retail space in Kota
Kinabalu, worth RM500 million in
gross development value (GDV). It
is also planning a hotel there that
carries RM780 million in GDV.
Wong said Ho Hup had signed a
letter of intent with an international
hotel group to operate the hotel. It
plans to sign a hotel management
agreement with the group by early
July, and start construction of the hotel by end-2016 to complete by 2019.
The group is also targeting to
launch another residential project
with a GDV of RM400 million in
Bukit Jalil next year, said Wong, but
declined to reveal more.
On the progress of the Pavilion
Bukit Jalil shopping mall, Wong said
it should be completed by 2019. The
mall is one of the main components
of the Bukit Jalil City development
project that Ho Hup is jointly undertaking with Malton Bhd.
Meanwhile, Ho Hup is gearing
up for another mixed development
project on its 429 acres (173.61ha)
of leasehold land in Kulai, Johor,
which carries a GDV of RM2 billion
and launches should start in 2017.
The company has no plans to
increase its land bank currently,
which stands at 494 acres. As for
its construction division, the company’s tender book stands at RM3
billion now, while its order book is
at RM600 million.
Wong also shared that Ho Hup’s
newly acquired granite quarrying
business in Melaka should begin
operation in June or July, and is targeting some reclamation works in
the state.
On dividends, he said shareholders can look to receive dividends next year, as the company
is in the midst of bolstering its balance sheet.
“We are calling for a rights issue
to strengthen our balance sheet. We
expect to start declaring dividends
in FY17,” he added.
Yesterday, shareholders approved Ho Hup’s proposal to undertake a one-for-five rights issues
and redeemable preference shares
to raise up to RM136.22 million for
project funding.
EG Industries bags
RM146m smart
button deal
BY G H O C H E E Y UA N
KUALA LUMPUR: EG Industries
Bhd has clinched a two-year contract worth US$36 million (RM146
million) from Swedish-based Shortcut Labs AB to be the sole manufacturer of a wireless smart button,
known as Flic, and to distribute the
button in Asia.
Flic is a wireless smart button
that creates a shortcut to favourite actions on mobile devices like
taking pictures and playing music,
according to EG Industries in a
statement yesterday.
EG Industries group chief executive officer and executive director
Alex Kang said the contract had
opened prospects for the group
to support fast-growing adoption
of smart interconnecting devices,
apart from affirming its proposition as a one-stop manufacturing
partner.
“The group perceives [the] tremendous potential of this device.
Hence, in addition to producing
Flic, we are also their sole
distributor in [the] Asian
market and in the near
future would also explore
potential opportunities in
[the] Australasia region,”
he added.
Having secured International Procurement Centre status, EG
Industries said
it intends to offer value-added services through one-stop vertical
integration solutions, including
distribution.
Flic was launched in October
2015. In six months, over 100,000
units of Flic were sold chiefly in the
United States and Europe, leading to full commercialisation of its
production.
Shortcut Labs has begun teaming up with various partners to integrate Flic into its products and
services. Last November, pizza delivery company Domino’s launched
its Easy Order system in Britain at
the touch of a Flic button, while
automaker Volvo is set to introduce
Flic compatibility for its Volvo On
Call alert system.
“We are overwhelmed by the
popularity Flic has gained over a
short span of time. With EG Industries’ commitment, we are able to
focus on exploring potential markets globally,” said Shortcut Labs
co-founder and chief operating
officer Amir Sharifat.
Kang says the contract
has opened prospects
for the group to support
fast-growing adoption of
smart interconnecting
devices. Photo by
Sam Fong
NEWS IN BRIEF
BAT names Erik Stoel new MD
No ‘definitive agreements’ between BAuto and Ssangyong
BY SANGEETHA AMARTHALINGAM
BY TAN SIEW MUNG
KUALA LUMPUR: British American Tobacco (M) Bhd (BAT) has
appointed its North Asia area director Erik Stoel to assume the
managing director (MD) post,
effective June 1.
In a bourse filing, BAT said
Stoel, from the Netherlands, replaces former MD Stefano Clini,
who resigned on May 3 and will
be returning to his home country
Italy after concluding his international assignment here.
Stoel has held numerous top
brand marketing positions in the
conglomerate in South Korea,
Ukraine, Dubai (United Arab
Emirates), Hong Kong, Pakistan,
the United Kingdom, Vietnam and
Malaysia over the past 20 years.
He is also no stranger to BAT
Malaysia, where he served as marketing director in 2010, before
moving to South Korea as BAT
Korea’s marketing director in 2012.
Subsequently, he was promoted to the role of North Asia area
director, running South Korea,
Taiwan, Hong Kong and Macau
operations.
“Malaysia will undoubtedly
present a more unique challenge,
KUALA LUMPUR: While Berjaya
Auto Bhd (BAuto) is always exploring new opportunities to cultivate
further business growth, its director
Datuk Francis Lee said there are no
“definitive agreements or serious
consideration” with South Korean
automotive company Ssangyong or
any other automobile company in
Stoel has held numerous top
brand marketing positions in the
conglomerate over the past 20 years.
in Tampoi, Johor.
It was reported in The Edge
weekly that BAuto, the sole distributor of Mazda vehicles in
Malaysia and the Philippines,
may soon secure exclusive distributor rights of SsangYong. It
also reported that BAuto could
be eyeing the assembly plant of
Oriental Holdings in Johor to expand its capacity.
Tanjung Offshore’s 1Q net loss widens by 138%
BY MEENA LAKSHANA
especially due to rampant illegal
cigarettes that had reached 45.6%
as at December 2015, following
high excise hikes,” observed Erik
Stoel in a statement.
“However, armed with my
familiarity with the Malaysian
market, and BAT Malaysia employees’ pride and passion for a
more-than-a-century-old company, I am confident that we can
together work towards steering
the business to a new and more
sustainable model. There will be
so much to do, but I am really
looking forward to my new role
in this great company,” he added.
Malaysia for the moment.
Lee noted that BAuto is always
exploring new opportunities to cultivate further business growth, and
these might include “partnerships
with potential automobile companies in the future”.
In a statement, Lee added
that the group is not considering
buying or investing in Oriental
Holdings Bhd’s car assembly plant
KUALA LUMPUR: Tanjung Offshore
Bhd saw its net loss widen by 138.1%
to RM4.69 million in the first quarter
ended March 31, 2016, from RM1.97
million a year ago, on lower revenue
from its engineering packages, and
higher cost of sale and expenses.
Its bourse filing yesterday showed
quarterly cost of sale went up 73.2%
to RM11.14 million from a year ago,
while operating expenses expanded
by 56.8% to RM5.48 million. Revenue
increased 47.3% to RM11.99 million from RM8.14 million.
It said despite challenges in the
oil and gas (O&G) industry, it will
continue to focus on its O&G business, while looking at new ventures
for potential business growth.
Koong Wai Seng is Sunsuria’s CEO
BY SUPRIYA SURENDRAN
KUALA LUMPUR: Property developer Sunsuria Bhd has appointed
Koong Wai Seng as its new chief
executive officer (CEO) effective
yesterday, replacing Ho Hon Sang,
55, who had resigned from the post
to pursue other interests.
In a statement, Sunsuria said Ho
will also be undertaking an advisory role to the founder and executive
chairman of Sunsuria, Datuk Ter
Leong Yap, pursuant to his resignation.
Prior to the appointment,
Koong, 49, was the group’s deputy CEO and executive director.
T U ESDAY M AY 24, 2 0 16 • TH EEDGE F I N AN C I AL DAI LY
8 ST O C KS W I T H M O M E N T U M
AE MULTI HOLDINGS BHD (+ve)
SHARES in AE Multi Holdings Bhd (fundamental: 0.55/3, valuation: 0.9/3) triggered
our momentum algorithm yesterday for the
second time this month.
The counter closed 1.5 sen or 10.35% higher
at 16 sen, with some 20.61 million shares traded. In comparison, its 200-day average volume
is only around 1.01 million shares.
AE Multi is mainly involved in manufacturing and the sales of printed circuit boards,
electronic and telecommunication components, as well as provision of technical services.
AE MULTI HOLDINGS BHD
The company’s net loss widened to RM3.17
million in the fourth financial quarter ended
Dec 31, 2015 (4QFY15) from RM34,000 a year
earlier, as revenue fell 44.5% to RM11.6 million
from RM20.9 million.
For FY15, its net loss widened to RM3.12
million from RM1.03 million a year ago, mainly due to an impairment of trade receivable of
RM2.7 million.
Revenue fell 22.24% to RM42.52 million
from RM54.68 million. The stock currently
trades 0.94 times its book value.
Valuation score*
0.90
0.55
Fundamental score**
TTM P/E (x)
TTM PEG (x)
0.87
P/NAV (x)
TTM Dividend yield (%)
35.13
Market capitalisation (mil)
Shares outstanding (ex-treasury) mil 242.29
0.77
Beta
0.10-0.15
12-month price range
*Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength
& profitability
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
LII HEN INDUSTRIES BHD (+ve)
SHARES in Lii Hen Industries Bhd (fundamental: 2.5/3, valuation: 2.4/3) triggered our
momentum algorithm for the first time this
year as the stock price rose 16 sen or 6.38% to
close at RM2.67 yesterday, after 4.08 million
shares were traded.
In comparison, the stock’s 200-day average volume was 514,703 shares. Its share
price has been trending upwards since the
beginning of April; it has risen about 30.2%
from RM2.05 on April 4.
Last Friday, the furniture maker proposed a
LII HEN INDUSTRIES BHD
first interim dividend of four sen per share for
the financial year ending Dec 31, 2016 (FY16).
For its first quarter ended March 31, 2016
(1QFY16), Lii Hen’s net profit jumped 95.71%
to RM21.02 million from RM10.74 million,
on a higher revenue and better US dollar
conversion rate.
Its revenue rose 47.56% to RM165.39 million from RM112.08 million.
The counter is trading at a trailing
price-earnings ratio of 7.9 times and is two
times its book value.
Valuation score*
2.40
2.50
Fundamental score**
7.90
TTM P/E (x)
0.08
TTM PEG (x)
1.96
P/NAV (x)
5.84
TTM Dividend yield (%)
451.80
Market capitalisation (mil)
Shares outstanding (ex-treasury) mil 180.00
0.95
Beta
1.27-2.87
12-month price range
*Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength
& profitability
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
YOONG ONN CORP BHD (-ve)
SHARES in Yoong Onn Corp Bhd (fundamental: 2.5/3, valuation: 3/3) also triggered
our momentum algorithm yesterday for the
first time this year.
The counter closed 4.5 sen or 4.67% higher
at RM1.01 yesterday, with 1.34 million shares
traded. In comparison, its 200-day average
volume is only around 315,937 shares.
Yoong Onn is the designer, manufacturer, distributor and retailer of home linen and bedding
accessories for domestic and export markets.
YOONG ONN CORP BHD
For its second financial quarter ended Dec
31, 2015 (2QFY16), its net profit fell 14.87% to
RM5.61 million from RM6.59 million a year
ago, mainly due to higher operating expenses
and a lower other operating income.
Its revenue, however, was 2.25% higher at
RM51.34 million on higher export and retail
boutique sales.
The counter is trading at a trailing
price-earnings ratio of 8.06 times and is 0.94
times its book value.
Valuation score*
3.00
2.50
Fundamental score**
8.06
TTM P/E (x)
1.04
TTM PEG (x)
0.90
P/NAV (x)
4.15
TTM Dividend yield (%)
154.32
Market capitalisation (mil)
159.92
Shares outstanding (ex-treasury) mil
1.04
Beta
0.80-1.11
12-month price range
*Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength
& profitability
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
HOME BUSINESS
Dayang keen to maintain
listing status of PPB
KUALA LUMPUR: Dayang Enterprise
Holdings Bhd, which is keen to maintain the listing status of its unit, Perdana
Petroleum Bhd (PPB), will divest at least
25% of the group’s total stake.
Integrated offshore service provider
Dayang currently has a more than 98%
equity interest in PPB.
PPB executive director Bailey Kho
Chung Siang said the company was already in talks with some interested parties
for the said stake. He, however, refused
to disclose the potential parties, saying
it was too early to announce this.
“A lot of them are interested, but at
the moment, it is a question of pricing.
“The current market situation, especially with the fluctuation in global crude
oil prices, is influencing the share price,”
he told reporters after the group’s annual
general meeting here yesterday.
Kho said the divestment would still
keep Dayang in control of PPB, an offshore supply vessel operator, which to
date has 17 vessels and an order book of
RM650 million, to last until 2018.
On the outlook, he said the group was
optimistic that oil prices would rebound,
as there was some improvement at US$48
(RM196) per barrel currently.
“However, we are confident that the
major decisions made towards end-2015,
such as management restructuring and
loans refinancing, have better prepared
and sustained us through this prolonged
down cycle,” he said.
Last year, PPB reduced its staff from
150 to 50. PPB’s clients include Dayang
and Petronas Carigali Sdn Bhd.
Going forward, Kho said, the group
was looking to penetrate the regional
market, particularly Myanmar, Brunei
and Indonesia, by leveraging on its service operations. — Bernama
UEM Sunrise to focus on strengthening
fundamentals to steer growth
KUALA LUMPUR: UEM Sunrise Bhd will
focus on strengthening its fundamentals to
steer growth, amid the challenging property
market this year.
Executive director Datuk Izzaddin Idris said
the company had outlined some key priorities
to focus on this year — among which are establishing a comprehensive marketing strategy and intensifying systems and processes
to ensure timely and quality delivery to build
its reputation as a value-driven developer.
In a statement yesterday, he said the
company expected demand in the property
sector to remain subdued as the Malaysian
economy slowed, tight lending conditions
continued and consumer, as well as, business sentiment remained passive.
The Iskandar Puteri development will
remain as the company’s long-term growth
driver, hence plans to intensify the development of Gerbang Nusajaya into a commercial and business engine of Iskandar
Puteri and gateway of Iskandar Malaysia.
“UEM Sunrise would also continue its
efforts to diversify its range of products this
year such as the Melia Residences in Ger-
bang Nusajaya as it received an overwhelming response from buyers,” said Izzaddin.
Melia Residences is a five-phase development with a total gross development
value (GDV) of RM573 million.
“The first three phases comprised 66
landed strata units and a GDV of RM280
million. After seeing close to RM206 million in sales from the first two phases within two days of launching, the third phase,
launched in late April, already has a 50%
take-up,” he added.
Apart from the launch of subsequent
developments and clearing out inventories, the company would also strategise its
growth by collaborating with strategic partners, to add value to its ongoing projects.
Izzaddin said in view of the current market sentiment, UEM Sunrise was also looking to foster its organic growth via property-related businesses. “The current property
down cycle is an opportune time for us to
concentrate on creating a recurring income
base by leveraging on our existing projects
such as our retail businesses (Publika and
Mall of Medini).” — Bernama
Malaysia Airlines adds two
Airbus A350-900 planes to fleet
BY S U P RI YA S UR E N D R A N
KUALA LUMPUR: Malaysia Airlines Bhd
(Malaysia Airlines) has exercised the lease
option under a 12-year lease agreement
for an additional two new Airbus A350900s with Air Lease Corp to expand its
flight network.
In a statement yesterday, Malaysia Airlines said the transaction with Air Lease
followed the existing lease agreement for
four A350-900s signed by the two companies in September last year.
Yesterday, Malaysia Airlines chief executive officer Christoph Mueller said in
the statement: “The additional two Airbus
A350-900s will complement the existing
four that are on order to reach a critical
fleet size, allowing standby aircraft for
any scheduled maintenance and enabling future network expansion.
“Technological and innovative advancements make flying this aircraft a real pleasure and it will bring a whole new experience
to our offerings, with the aircraft able to
operate non-stop from Kuala Lumpur to
London and throughout Asia,” Mueller said.
Powered by two Rolls-Royce Trent
XWB-84 engines, the aircraft are from
Air Lease’s order book with Airbus and
will be delivered in 2018, according to
Malaysia Airlines.
TU E SDAY MAY 24 , 20 16 • T HEED G E FINA NCIA L DA ILY
P R O P E RT Y S NA P S H
FREE
transaction
data
latest
classified
listings
news
analytics
trend
analysis
T 9
and more
Source: TheEdgeProperty.com
What’s affordable in USJ?
USJ top 5 most expensive condominiums/apartments
by average transacted price
• While USJ has yet to hold a candle to its more upmarket neighbour, Subang
Jaya, the neighbourhood is becoming more vibrant with many new residences
and malls.
• Based on TheEdgeProperty.com’s analysis of transactions, the average
transacted price was RM456 psf in 1Q2015 while average transacted price per
unit was about RM365,000.
• USJ offers numerous affordable properties. In the 12 months to 1Q2015, the
RM300,001 – RM400,000 range made up the highest percentage of transactions
(37.5%) followed by the RM400,001 – RM500,000 range (16.7%). In total, some
81.7% of transactions were for homes priced under RM500,000.
• The most expensive project was Indera Subang at an average price per unit of
RM729,000, at least 27% higher than the next most expensive project. Located in
USJ 6, this condominium is close to the Taipan commercial centre in USJ 10. It
consists primarily of family-sized units of 1,500 sq ft to 2,500 sq ft. In September
2014, a 1,776 sq ft unit here was sold for RM808,000, making it the highest priced
unit transacted within the review period.
• Next is Riverdale @ USJ One Park. Developed by BHL Group, USJ One Park is
a gated-and-guarded neighbourhood comprising two condominium blocks,
terraced and semi-detached houses. Typical 3-bedroom units at Riverdale
measure 1,238 sq ft and had transacted within RM480,000 – RM650,000.
• Buyers looking for affordable homes would find plenty of choices at the Goodyear
Court projects. Prices here vary based on age and facilities. Average prices range
from RM215,000 at Goodyear Court 2 to RM367,000 at Goodyear Court 9.
Source: TheEdgeProperty.com
USJ top 5 least expensive condominiums/apartments
by average transacted price
The Analytics are based on the data available at the date of publication and may be subject to revision as and
when more data becomes available.
CapitaLand Commercial
to buy tower from
partners for S$393m
STORIES BY POOJA THAKUR
SINGAPORE: CapitaLand Commercial Trust, Singapore’s largest
office real estate investment trust
by value, is buying the remaining
60% stake in CapitaGreen, an office tower in the city state’s central
business district.
CapitaLand Commercial will buy
the stake for S$393 million (RM1.16
billion) from its partners, CapitaLand Ltd and Mitsubishi Estate Asia
Pte Ltd, the company said in a filing with the stock exchange yesterday. That compares to an average of
two independent valuations for the
40-storey tower of S$1.6 billion, or
S$2,276 per sq ft, over the remaining
land tenure of 57 years.
“The pricing of this trophy asset
shows the state of the prime-office
market,” Priyaranjan Kumar, regional executive director of capital markets at Cushman & Wakefield Inc in
Singapore, said. “Given the current
outlook on rents, this signals perhaps a pause in valuations for other
prime-office assets, where the threat
of declining rents over the next two
years may crimp valuations.”
The purchase comes as the Singapore office market is slowing
amid weak economic growth and
large supply that outstrips demand
for prime space. Office rents may
decline as much as 25% in a prolonged slump that could last until
the end of 2018 as demand slows,
Daiwa Securities Co Ltd said in
March. The average gross rent in the
central business district declined
4.4% to S$9.06 per sq ft per month
in the quarter ended March, from
the previous three-month period,
according to Jones Lang LaSalle Inc.
CapitaLand Ltd, which owned
half of CapitaGreen, said it made a
gain of S$196 million from the sale of
its stake, in a separate statement to
the Singapore stock exchange. Mitsubishi Estate Asia, a unit of Japanese
developer Mitsubishi Estate Co Ltd,
held a 10% stake in the office tower.
CapitaLand Commercial had a
call option to buy the remaining
stake in the office tower as part of
the joint-venture agreement signed
in 2011. The trust will acquire the
stake from MSO Trust, a special
purpose sub-trust that holds the
office tower. — Bloomberg
Singapore’s prime land
prices exorbitant — developer
SINGAPORE: Singapore’s second-largest developer has taken
a potshot at the prices of prime
land in the city state, describing
them as exorbitant and predicting
that they’ll only get even more expensive in years to come.
“In land-scarce Singapore, it
is increasingly difficult to secure
prime land of this scale and even
if available, the asking price for
land alone is exorbitantly high,”
City Developments Ltd said in an
earnings statement. The comments
referred to the 16,000 sq m site the
company bought for its Gramercy
Park project, just off the Orchard
Road shopping belt.
While Singapore’s residential
property prices have been on the
slide for 10 quarters after the government imposed an unprecedented series of curbs to cool buyers’ enthusiasm starting in 2009,
the country remains Asia’s second-most expensive housing market. City Developments, run by billionaire Kwek Leng Beng (pic), said
it was fortunate to have secured the
freehold Gramercy Park site in the
earlier years, which afforded it the
ability to offer it at current market
rates, according to the statement.
“Future stock in this area is expected to be priced higher,” the
company said in its results state-
ment, referring to prime land prices. For Gramercy Park, “the group
is in the midst of its regional overseas roadshows to promote the
property, and interest has been
positive”, it said.
City Developments put in the
highest bid in 2006 and purchased
the Gramercy Park plot in Grange
Road for S$383 million, according
to an earlier company statement.
Singapore is the most expensive
place in the region to buy a luxury
home after Hong Kong, according
to a 2016 wealth report by estate
agent Knight Frank LLP.
The government has repeatedly
signalled it is reluctant to lift the
property cooling measures for fear
such a move will lead to overheating in the market again. Finance
Minister Heng Swee Keat said in
his budget speech on March 24 that
it wass “premature”
premature
to relax
elax the
curbs,
s, reiteratingg a view
expressed
essed in
February
uary by
National
onal Development
pment
Minister
ster Lawrencee Wong. —
Bloomberg
mberg
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to do well
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Hua Yang targeting
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for FY17
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T U ESDAY M AY 24, 2 0 16 • TH EEDGE F I N AN C I AL DAI LY
10 B R O K E R S’ C A L L
Time’s DiGi share
disposal may lead
to special dividend
Time dotCom Bhd
(May 23, RM7.45)
Reiterate hold with an unchanged
target price of RM6.46. Time dotCom Bhd has ceased to be DiGi.
Com Bhd’s shareholder after disposing of its remaining 68.7 million
shares or a 0.9% stake through private placement via a book-building process to eligible third-party
institutions and sophisticated investors. At RM4.47 per share, disposal proceeds totalled to a cash
consideration of RM307.2 million,
realising a fair value gain from its
available-for-sale reserve equity account to profit and loss of RM157.4
million (27 sen per Time share)
from the disposal. This investment
disposal, deemed to be non-core,
will allow Time to reallocate capital resources for working capital
purposes.
The complete disposal is rather expected following the last
two rounds in 2015, but we were
slightly surprised by the timing and
with such a big discount of 26%
to 28%, compared to the previous
rounds. As of end-financial year
2015 (FY15), Time had a net cash
position of RM94.7 million and
guided before that it is not planning for any big deal in the near
term. Funding for new submarine
cables should not be a concern as
they are secured before entering
into consortiums and payments
are progressive. Aggressive presale of capacity from those new
Time dotCom Bhd
FYE DEC (RM MIL)
Revenue
Ebitda
Pre-tax profit
Patami
Adj Patami
Rep EPS (sen)
Adj EPS (sen)
Net DPS (sen)
Net dividend yield (%)
PER (x)
P/BV (x)
EV/Ebitda (x)
Net D/E (%)
ROA (%)
ROE (%)
2014A
2015E
2016E
2017E
596.3
219.2
179.3
172.4
154.1
30.4
26.9
5.6
0.8
24.2
1.8
18.4
Net cash
5.6
6.5
667.7
245.3
446.2
423.9
153.7
74.6
26.8
78.9
10.7
9.8
2.0
17.3
1.7
5.5
7.5
780.2
315.0
226.1
214.8
216.7
37.8
37.8
7.6
1.0
19.4
1.9
13.3
Net cash
7.2
9.7
801.8
317.8
226.6
215.3
217.2
37.9
37.9
7.6
1.0
19.4
1.8
12.9
Net cash
6.8
9.0
Source: HLIB
cables should further ease their
funding. Thus, we do not discount
that this disposal may lead to another round of special dividend as
in FY15, where 100% of disposal
proceeds were distributed.
This may be in line with the recent news on Khazanah Nasional Bhd’s (Time’s second-largest
shareholder) plan to boost liquidity upon the government’s directive by trimming stakes in Axiata Group Bhd, Tenaga Nasional
Bhd and IHH Healthcare Bhd. A
100% distribution represents a 53.3
sen dividend per share or a 7.3%
yield.
Catalysts for Time include exponential global demand for data
bandwidth with quality, Long-Term
Evolution node fiberisation and
co-location, cloud computing and
virtualisation driving higher demand for data centres. Risks are
irrational wholesale pricing and
competition, regulatory risks and
contraction in demand for wholesale bandwidth. Our forecasts remain unchanged pending more
clarity from management and its
first quarter of FY16 results, which
will be announced by the end of the
month. — Hong Leong Investment
Bank Research, May 23
Al-Salam REIT’s 1QFY16 earnings
below expectations
Al-Salam Real Estate Investment Trust
(May 23, 97.5 sen)
Maintain buy with an unchanged target price (TP) of
RM1.07: Al-Salam Real Estate
Investment Trust’s (Al-Salam
REIT) first quarter of financial
year 2016 (1QFY16) earnings
were below our expectations,
mainly due to lower-than-expected occupancy rates and percentage rent income from the
Komtar JBCC mall.
1QFY16 core net profit grew
7.5% quarter-on-quarter (q-o-q)
to RM7.3 million, accounting for
21% of our previous FY16 estimate. Q-o-q earnings were largely
driven by an improved occupancy rate at Komtar JBCC, and supported by steady revenue from
KFCH International College and
QSR Properties (with long-term
and triple net leases respectively). 1QFY16 earnings, however, missed our estimates due to
Komtar JBCC’s lower-than-expected occupancy rate, which
was at 91% (end-1QFY16) compared with our average FY16
estimate of 93%, and a delay in
percentage rent collection (as a
temporary benefit for tenants).
We understand that Komtar JBCC
will commence its percentage
rent structure soon.
We reduce our FY16 net profit forecast by 6% after imputing
a lower average occupancy rate
of 91.5% for Komtar JBCC (from
93%) and lower percentage rent
income (half-year earnings impact). Our FY17 to FY18 estimates
are intact. Komtar JBCC contributes a sizeable 52% of our FY16
revenue forecast.
We remain positive on AlSalam REIT, premised on its favourable portfolio mix, which
has earnings growth catalysts
from Komtar JBCC, and stable,
recurring income from KFCH
International College and QSR
Properties. Meanwhile, we understand that Al-Salam REIT is
currently assessing a mixed asset (commercial and retail) for
acquisition, which could lift its
total investment property value above the RM1 billion mark
(end-1QFY16: RM912 million).
We lower our FY16 earnings
estimate by 6% after adjusting
Komtar JBCC’s key assumptions.
Our discounted cash flow-based
TP of RM1.07 is unchanged, with
the assumption that weighted
average cost of capital is at 7.2%,
with a terminal yield of 7%. —
Maybank Investment Bank Research, May 23
Komtar JBCC will commence its percentage rent structure soon.
New Hilux, Fortuner seen contributing to Pecca’s revenue
Pecca Group Bhd
(May 23, RM1.58)
Maintain buy with an unchanged
target price of RM1.90: Weak car
sales and production raise concerns
about Pecca Group Bhd’s revenue,
especially in the first fourth months
of calendar year 2016 (4MCY16).
Its top six marques, contributing
80% of Pecca’s revenue in financial
year 2015 (FY15), saw year-on-year
(y-o-y) contraction in sales volume
in 4MCY16, affected by weak consumer sentiment and price hikes.
Pending its third quarter of FY16
results due out today, we keep our
forecasts unchanged, but with downside potential.
Pecca’s largest revenue contributor in FY15 was Toyota Boshoku
UMW Sdn Bhd (28% of group revenue), with Pecca supplying original equipment manufacturer car
seat cover and leather cut pieces to
Toyota’s Vios, Camry, Fortuner and
Hilux. In 4MCY16, Toyota’s sales and
production fell 36% and 16% y-o-y
respectively, due to price hikes and
Pecca Group Bhd
FYE JUNE (RM MIL)
Filepic of Pecca building. The key catalyst for Pecca’s FY17 growth would be
contributions from the Perodua sedan model
a lack of new models. Fortunately,
the new Hilux and Fortuner were
launched in May 2016, and should
contribute to its revenue going forward. Meanwhile, Perodua and Nissan’s 4MCY16 sales and production
also fell by 12% to 19% y-o-y on price
hikes and weak consumer sentiment.
The key catalyst for Pecca’s FY17
growth would be contributions from
the Perodua sedan model.
We expect this model to be
priced from RM32,000 to RM40,000
range to compete with Proton Saga,
which accounted for about 40,000
to 45,000 units in market size in
2015. In our projection for MBM
Resources Bhd, we expect Perodua
to sell 15,000 units of the sedan
model in 2016, beginning August
— conservative in our view — and
30,000 units in 2017. Other catalysts
would come from job wins in the
Malaysian aviation and Thailand
auto markets, which are yet to be
included in our forecasts.
With about RM59 million initial
public offering proceeds (net of list-
Revenue
Ebitda
Core net profit
Core EPS (sen)
Core EPS growth (%)
Net DPS (sen)
Core P/E (x)
P/BV (x)
Net dividend yield (%)
ROAE (%)
ROAA (%)
EV/Ebitda (x)
Net debt/equity (%)
Consensus net profit
MKE vs consensus (%)
2014A
2015A
2016E
100
130
142
23
28
31
14
18
20
7.7
9.5
10.7
37.4
23.9
11.9
5.1
4.4
5.3
21.0
17.0
15.2
5.1
4.4
2.1
3.2
2.7
3.3
25.1
27.6
18.9
16.3
17.5
14.6
na
na
7.4
net cash net cash net cash
na
na
2017E
2018E
154
178
36
43
25
30
13.4
15.9
25.2
19.2
6.7
8.0
12.1
10.2
2.0
1.8
4.1
4.9
16.9
18.4
14.6
16.0
6.3
5.1
net cash net cash
na
na
na
na
Source: Maybank IB Research
ing expenses of RM5 million), Pecca’s net cash should have ballooned
to about RM82 million, from RM23
million as at end-December 2015,
representing about 27% of its current
market capitalisation. This provides
good support to its balance sheet,
with opportunities for mergers and
acquisitions. — Maybank Investment
Bank Research, May 23
TU E SDAY MAY 24 , 20 16 • T HEED G E FINA NCIA L DA ILY
B R O K E R S’ C A L L 11
Matrix Concepts’ dividend
yield remains attractive at 6%
Matrix Concepts Holdings Bhd
(May 23, RM2.47)
Maintain buy with an unchanged
target price (TP) of RM2.91: We
attended Matrix Concepts Holdings
Bhd’s briefing and walked away feeling positive. Matrix Concepts decided to cap its dividend payout up to a
maximum of 40% compared with a
minimum payout of 40% previously.
We opine that this is reasonable given
the concern about the slowdown in
the property industry and preserving cash for potential landbanking
opportunities. We conservatively
assume a 35% dividend payout compared with the 40% previously in the
financial year 2017 (FY17) and FY18,
which still translates into a 6% dividend yield, remaining the highest
among our coverage.
The take-up rate for Matrix Concept’s ongoing projects remains encouraging. Suriaman phase 1 and 2’s
take-up rates have increased from
58% to 73% quarter-on-quarter
(q-o-q), while the recently launched
Hijayu 3 saw an encouraging take-up
Matrix Concepts Holdings Bhd
FYE DEC (RM MIL)
An artist’s impression of Hijayu 3.
rate above 51%. Matrix Concepts will
be launching phase 3 of Hijayu 3 with
a gross development value (GDV)
of RM115 million and Suriaman 2B
with a GDV of RM154 million in the
second quarter of FY16 (2QFY16).
Matrix Concepts will also be
launching its maiden project in
Melbourne, Australia, with a GDV
of A$30 million (RM88.5 million) by
end-May 2016. This project comprises 52 units of low-rise apartments with a selling price starting
from A$450,000 onwards. We believe this project will be well tak-
Daya Materials announces termination
of Siem Daya 2 charter
Daya Materials Bhd
(May 23, eight sen)
Remain neutral with a target price
(TP) of 12 sen: Daya Materials Bhd
via its subsidiary Daya Vessels Ltd,
formerly known as Daya OCI (Labuan) Ltd (DVL), has announced the
termination of charter for Siem Daya
2 (SD2) from Siem Offshore Rederi AS
(Soras). The charter contract signed
on Sept 3, 2013, was for five years with
an option to purchase.
We are assessing the financial impact on the overall group, however, and pending further clarity on its
plans, we remain “neutral” on Daya
Materials with a TP of 12 sen pegged to
a price-earnings ratio of eight times on
financial year 2016 forecast (FY16F)
earnings per share of 1.4 sen. We understand that the adverse impact on
Daya Materials from this termination
would be cushioned by the substantially lower costs from the acquisition
of SD1, which is expected to reflect
its positive performance as of first
quarter of FY16.
The signed termination agreement
between DVL and Soras was signed
late evening on May 19, whereby the
parties agreed to terminate the charter
party. The rationale was to eliminate
onerous obligations of the charter
party and high-cost operation of the
vessel, to minimise ongoing operating expenditures and future charter
liabilities, to improve financial management, and to optimise DVL’s operations and Daya’s investments in
the subsea sector.
From our interim assessment, we
are estimating a lower than about
RM100 million impact on the group’s
top line and about 25% to earnings
based on the loss of SD2 contract
from Technip Norge AS (Technip).
We understand that the management
has taken this prudent decision that
is highly beneficial to the group in the
long run given the significant cost
savings and the continued uncertainties in the offshore sector.
The oil and gas segment will continue to sustain the group’s performance,
considering the long-term charter
with Technip that will last until 2020,
coupled with the lower-cost structure
expected from the acquisition of SD1.
We understand Daya Materials is continuously identifying key projects with
longer-term earnings visibility coupled
with cost saving initiatives to enhance
the group’s prospects. — PublicInvest
Research, May 23
en up given its location near Melbourne’s central business district.
Meanwhile, Matrix Concepts’ Kota
Gadong Perdana project with a GDV
of RM1.4 billion comprising 3,200
units of affordable houses (built-up
of 2,000 above) and priced around
RM400,000 will only be launched
end of this year or early next year.
This will help to sustain future sales
given its affordable price range.
Overall, Matrix Concepts remains
bullish on the prospects of Bandar
Seri Sendayan in Seremban and
maintains its sales target of RM1 bil-
*
Revenue
Operating profit
Pre-tax profit
Core net profit
EPS (sen)
PER (x)
Dividend yield (%)
2014A
2015A
2016F
2017F
2018F
CAGR (%)
642.2
-27.9
-37.7
-36.0
-2.1
na
3.1
704.8
7.4
-2.8
-18.6
-1.1
na
3.1
709.9
41.2
35.7
26.4
1.5
5.3
3.1
711.5
41.3
35.8
26.5
1.5
5.3
3.1
788.8
45.8
47.9
35.4
2.1
3.8
3.1
5.3
na
na
na
na
-
Source: Company, PublicInvest Research estimates
2014A
2015*
2016E
2017E
599
247
182
40
6.3
1.46
1.72
42.1
27.5
5.9
912
358
255
45
5.5
1.45
1.72
61.3
31.1
7.5
791
329
243
43
5.8
1.73
1.44
38.0
24.9
6.0
836
327
243
43
5.8
2.01
1.24
31.4
21.4
6.0
*15M of financial result
Source: HLIB
lion in comparison to our estimate
of RM800 million.
We think further upside comes
from escalating land prices in Seremban as more Greater Kuala Lumpur residents continue to migrate to
Seremban, optimism about its land
replenishment for Sendayan TechValley 3, and its estimated dividend
yield of 6.2% for financial year 2017
which is still attractive.
However, the company’s lack of
land bank diversification means the
company’s fate is completely tied to
that of Seremban.
We maintain “buy” with an unchanged TP of RM2.91 based on
the unchanged 20% discount to revalued net asset valuation, while its
dividend yield remains attractive at
6%. — Hong Leong Investment Bank
Research, May 23
Tsunami of Digital Disruption
16 – 18 June 2016 • Bangsar
It is only a matter of time before the wave of digital disruption hits your
industry. When the time comes, are you ready to face it head on?
Presenting a three day programme structured around nine Harvard Business
School case studies designed to give:
‡ An understanding of how digital disruption affects business
‡ Analysis on how to approach disruption
‡ Strategies to transform disruption into advantage
Learn from companies that have been pioneers in digital disruption like:
‡ Airbnb
‡ Uber
‡ Netflix
‡ Apple
‡ Alibaba Group
‡ Nike
Across the programme, we’ll be exploring strategies which will allow us to:
‡ Disrupt industries and practices
‡ Embrace technology that gives first mover advantage
‡ Know when and how to disrupt and cannibalize your own business
‡ Leverage on strengths to develop digital competitive advantage
For More Info:
Daya Materials Bhd
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Teresa
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suit after
ex-DAP
branch
chairman
apologises
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T U ESDAY M AY 24, 2 0 16 • TH EEDGE F I N AN C I AL DAI LY
12 H O M E
‘Approve third bridge’
IN BRIEF
RM300,000 award set
aside for Guan Eng
Guan Eng appeals to federal government for link from Persiaran Gurney to Bagan Ajam
KUALA LUMPUR: Penang Chief
Minister Lim Guan Eng appealed
to the federal government yesterday
to approve the state’s application
to construct a third bridge linking
Persiaran Gurney on the island to
Bagan Ajam on the mainland.
“I plead once again to the Works
Minister (Datuk Seri Fadillah Yusof ) to grant the application as
it (the bridge) will be funded by
the Penang state government. We
will write a letter,” he told report-
Federal Court
rejects Anwar’s
bid to admit
Ramli’s evidence
PUTRAJAYA: The Federal
Court dismissed an application by former Opposition
Leader Datuk Seri Anwar
Ibrahim yesterday to admit
former Commercial Crime
Investigation Department director Datuk Ramli Yusuff ’s
evidence in his sodomy conviction review bid, ruling that
the evidence was irrelevant
and insignificant.
Chief Judge of Malaya Tan
Sri Zulkefli Ahmad Makinudin, chairing a five-panel
bench, held that there was
no nexus between Ramli’s testimony and Anwar’s defence
of political conspiracy for his
review application.
“We find nothing in the
testimony of Ramli that would
disclose any evidence in relation to the applicant’s (Anwar) defence of political conspiracy.
The evidence of Ramli
would be futile in the circumstances of the case,” said Justice Zulkefli.
The panel also held that
there was an overwhelming
amount of evidence available for the court to decide
on the guilt, or otherwise, of
the applicant and there was
no necessity to resort to outside information.
In the judgement, Justice
Zulkefli said Anwar’s acquittal and discharge by the High
Court at the end of the defence case was not made on
grounds of political conspiracy, although the trial judge
did consider Anwar’s defence.
Justice Zulkefli said based
on proceeding records at the
High Court, Court of Appeal
and Federal Court, Anwar was
given a fair trial and hearing,
and therefore he had failed
to satisfy the requirement of
Section 93 of the Courts of
Judicature Act 1964 for admission of additional evidence.
— Bernama
ers at the Parliament lobby, here
yesterday.
He said after the approval was
granted by the federal government,
the state government would submit
the plan and further information
concerning the proposed construction of the bridge.
“Without the approval, it is difficult to spend tens of millions just to
do the feasibility study or detailed
drawings,” he said.
On Sunday, Fadillah said the
Penang government was asked to
submit all relevant documents on
the construction of the third bridge
because the government would
evaluate the application based on
merit, long-term cost and benefits
to the people just like any other
application for the proposal of a
building project.
On another matter, when asked
on the visit by the Malaysian Anti-Corruption Commission (MACC)
to his residence in Jalan Pinhorn,
Penang on Sunday, Guan Eng said
the matter had been referred to
his lawyer and made no further
comment.
Asked whether it was a raid or a
visit, he said: “Nothing was taken
and the rest I leave it to my lawyers.”
The MACC officers had gone
to Guan Eng’s residence to take
statements on the purchase of his
bungalow, which was said to be
bought at below the market price.
— Bernama
Shahidan: Bill to set up civil
defence force tabled
KUALA LUMPUR: The Civil Defence (Amendment) Bill 2016,
which includes the establishment
of Malaysia’s Civil Defence Force,
was tabled for the first reading in
the Dewan Rakyat yesterday.
The bill, tabled by Minister in
the Prime Minister’s Department
Datuk Seri Shahidan Kassim said
the civil defence force would consist
of regular, volunteer and auxiliary
members.
The civil defence force will carry
out duties such as disaster management and humanitarian services to
provide advice to the minister on
matters relating to civil defence,
and to identify hazards and risks
that the chief commissioner considers are of national significance.
According to the bill, the Yang
di-Pertuan Agong may appoint a
chief commissioner and a number
of deputy chief commissioners, commissioners, deputy commissioners,
assistant commissioners, colonel and
civil defence officers from among
regular and volunteer members.
The amendment also provides the
protection of employee’s rights to any
volunteer or auxiliary member of the
force, who is absent from his usual
employment in carrying out duties
in connection with civil defence.
It said the employee should not
be liable for dismissal or loss of an-
Abdul Rahim’s sedition
case to be heard Sept 20
nual leave or other benefits.
The bill also provides for the
establishment of the Civil Defence
Cadet Corps for any area in Malaysia, where pupils of secondary
schools and who are registered students of any training or educational
institutions can apply.
It also proposes that the minister
may from time to time make arrangements for the civilian population to
be trained in matters of civil defence
and for the conduct of exercises for
the purpose of civil defence.
The minister may also grant
honorary commission and associate commission of the force to any
person as he deems fit. — Bernama
Najib announces RM78m allocation for
new central market for Kuala Terengganu
BERNAMA
KUALA TERENGGANU: Prime
Minister Datuk Seri Najib Razak
announced a federal government
allocation of RM78 million yesterday for the construction of a new
Pasar Besar Kedai Payang or central
market here.
The premier said the project, to
be undertaken by the urban, wellbeing, housing and local government ministry, was expected to be
completed in 2018.
The present market was old and
no longer conducive to traders,
customers and visitors, he said.
“The new market will be able to
provide more comfort for the traders
and visitors, and I believe it can give
a boost to the tourism industry in
Terengganu as well,” he said after a
tour of the market as part of his daylong visit to Terengganu yesterday.
During the hour-long walkabout
at the market, Najib was accompanied by Terengganu Menteri Besar
Ahmad Razif Abdul Rahman, state
executive councillors and several
officers of federal and state government departments, and agencies.
About 10,000 people, among
them traders and tourists, greeted
Najib during the walkabout.
PUTRAJAYA: The Court of Appeal has set aside a RM300,000
award given to Penang Chief
Minister Lim Guan Eng by the
High Court after he won a suit
against a news portal, journalist
and heritage and environment
advocate, over an article. Justice Datuk Dr Hamid Sultan Abu
Backer, who led a three-panel
bench made the ruling yesterday, after allowing an appeal by
Free Malaysia Today, owned by
MToday News Sdn Bhd, former
journalist S Karunakaran and
heritage advocate Prof Jimmy
Lim Cheok Siang. Speaking to reporters, Guan Eng’s lawyer Datuk
Baljit Singh said the court held
the article was not defamatory
and therefore, set aside the order
of the High Court. — Bernama
SHAH ALAM: The Sessions Court
here fixed four days, beginning
Sept 20, to hear the case involving
former Melaka chief minister Tan
Sri Abdul Rahim Thamby Chik,
who is charged with sedition.
Abdul Rahim has been charged
with publishing a seditious post
alleging that the Raja Muda of Selangor, Tengku Amir Shah, is an
apostate in his Facebook account.
Judge Slamat Yahya set the dates
after deputy public prosecutor
Mohd Dusuki Mokhtar informed
the court that both parties had
agreed for the case to be heard
from Sept 20 to 23 and that the
prosecution witnesses would testify through their witness statements as provided under Section
402B of the Criminal Procedure
Code. — Bernama
‘Political financing rules
must be fair to all’
KUALA LUMPUR: The rules covering political financing must
apply equally to all and should
level the playing field for political parties, a policy institute said
in a paper released yesterday.
The paper on political financing
by the Institute for Democracy
and Economic Affairs proposes
five key principles to ensure a
just system of political finance
based on the rule of law. Germany-based researcher Stefan
Melnik lists the five as the rule
of law, fairness for all, transparency and accountability, checks
and balances, and the exercise
of political and civil liberties by
the electorate.
Police monitoring Daesh
militant leader, says DPM
Najib (right) presenting a Terengganu state incentive payment to boat transport operators at
the Kuala Terengganu central market during a working visit to the state yesterday.
The prime minister spent about
an hour at the market chatting with
some of the traders and their customers. He also bought some “keropok lekor” (fish sausage).
Najib also had breakfast with
Ahmad Razif and several members of the public on the upper
floor of the market.
After that, he visited Kampung
Cina and spent about 30 minutes
meeting the Chinese community
residents.
The prime minister then proceeded to Universiti Malaysia
Terengganu to launch the “Ijtimak
Pondok” Muslim brotherhood programme. — Bernama
IPOH: The police have information on the whereabouts
of former Kumpulan Mujahidin Malaysia leader Zainuri
Kamaruddin, who is reportedly
a Daesh militant leader in Syria, said Deputy Prime Minister
Datuk Seri Dr Ahmad Zahid Hamidi. “We know where he is and
are monitoring his movements,”
he told reporters after chairing
a meeting to discuss development programmes for the Kuala Kangsar district, at the Perak
Darul Ridzuan building here
yesterday. — Bernama
TU E SDAY MAY 24 , 20 16 • T HEED G E FINA NCIA L DA ILY
H O M E 13
Right candidate key in
Sungai Besar polls
Rafizi, five
others fail to set
aside Blackout
505 charges
Senior academic not ruling out possibility of a three-cornered fight
SHAH ALAM: This year’s Ramadan will witness voters going
to the polls to choose their new
member of parliament in Sungai
Besar, a seat which is now vacant
following the death of Datuk Noriah Kasnon.
There are 42,836 registered voters in the Sungai Besar parliamentary constituency.
With the campaign for the
by-election to begin soon, various theories and analyses have
been made on the chances of political parties expected to contest
the seat.
The Election Commission has
set June 5 as nomination day for
the Sungai Besar parliamentary
by-election. Polling is on June 18.
A senior lecturer at the Faculty
of Social Sciences and Humanities, Universiti Kebangsaan Malaysia, Associate Professor Datuk Dr
Samsul Adabi Mamat said Barisan
Nasional (BN) and the opposition
parties have equal chances of winning the seat.
BN has certain issues to deal
with, while the opposition is shaky
because of friction between PAS
and DAP, and PAS and Amanah,
he added.
Looking at the complex PKRPAS-DAP-Amanah relationship
in Selangor, Samsul Adabi does
not rule out the possibility of a
three-cornered fight involving BN,
PAS and Amanah for the seat.
He said DAP is hoping for a
three-cornered fight, but with Selangor Menteri Besar Datuk Seri
Mohamed Azmin Ali wanting to
please PAS, it would work in favour
of either BN or the opposition.
“In the end, the candidate factor plays an important role,” he
told Bernama.
He named Sungai Panjang assemblyman Budiman Mohd Zohdi
as a potential BN candidate, saying
that Budiman has a good “track
record” and is liked by the local
residents.
Budiman defeated PAS’ Mohd
Fadzin Taslimin for the Sungai
Panjang state seat with a majority
of 2,183 votes in the last general
election.
As for Pakatan Harapan, Samsul Adabi said the allies have their
own candidates.
“What is more important is,
which party is to contest, DAP or
Amanah, or whether Mohamed Azmin is going to negotiate with PAS.
“As such, if there really is a
three-cornered fight, then it will
give an added edge to BN as the
votes for the opposition coalition
are expected to be split,” he added.
— Bernama
Teresa Kok settles suit after ex-DAP
branch chairman apologises
KUALA LUMPUR: The defamation suit filed by Seputeh member
of parliament (MP) Teresa Kok
Suh Sim against former Seputeh
DAP branch chairman Wong
Choo Chieang was settled after
the latter made an apology in the
High Court here yesterday.
Kok filed the suit following
Wong’s statement during a press
conference on Feb 5, 2014, for allegedly implying that she abused
her power and used public funds
for personal use.
Wong, 77, as the defendant,
read his apology to Kok before
judge Abu Bakar Jais in chambers.
“I, Wong Choo Chieang, a life
member of the DAP Malaysia,
verily and in good faith, sincerely
apologise to YB Teresa Kok Suh
Sim for the press statement I is-
sued to the journalists present
at the press conference on Feb
5, 2014, and which was reported
by the media though the words
were not published in the exact
words that I have used in my press
release,” he said.
Wong also admitted that his
statement that was published by
the media could have tarnished,
prejudiced and discredited Kok’s
good will, reputation and image
as Seputeh MP and also DAP
vice-chairman.
“I also undertake not to repeat
these words again in the future,”
he said.
The court struck out the suit
and thanked both the plaintiff
and defendant for agreeing to settle the case without seeking any
compensation or cost. — Bernama
ENRICHING THE MANGROVES ... Perbadanan Kemajuan Negeri
Selangor general manager Azlan Md Alifiah (centre, with sunglasses) joining 100
volunteers from the statutory body and the Pantai Klang District Office as well as
media liaison officers in a mangrove seedling planting programme to mark World
Biodiversity Day on Klang Island yesterday. Some 500 mangrove seedlings were
planted during the event. Photo by Bernama
KUALA LUMPUR: Pandan member
of parliament Mohd Rafizi Ramli
and five others failed in their bid
to set aside a charge under the
Peaceful Assembly Act 2012 in
connection with the Blackout 505
rally when the High Court here dismissed their application yesterday.
Judge Amelia Tee Hong Geok
Abdullah, when handing down
the decision, said the charge made
against them was not against the
Constitution and the prosecution
had reasonable grounds to charge
them.
Tee set June 21 for mention of
the case at the Sessions Court.
Mohd Rafizi, 39, who is also PKR
vice-president, and Muhammad
Adib Ishar, 27, a PKR secretariat
member, were charged with organising the rally without meeting a
condition set by Dang Wangi police chief ACP Zainuddin Ahmad
that they must obtain permission
from the Kuala Lumpur City Hall
for use of the venue, which was
Padang Merbok.
They were charged with committing the offence at Padang Merbok in Jalan Parlimen here on June
22, 2013.
The charge, under Section 15(3)
of Peaceful Assembly Act 2012,
carries a fine of up to RM10,000.
Four others, opposition activists Adam Adli Abd Halim, 28, Muhammad Safuan Anang@Talib, 27,
Ekhsan Bukharee Badarul Hisham,
25, and Mohamed Bukhari Mohamed Sufian, 26, were charged
with participating in the rally in the
compound of Masjid Ar-Rahman,
Universiti Malaya, a restricted area,
on the same day.
The four of them were charged
under Section 4(2)(b) of the
same law and face a fine of up to
RM20,000, if found guilty.
All six were represented by lawyer Melissa Sasidaran, while the
respondent was represented by
deputy public prosecutor Nurul
Huda Mohd Nor. — Bernama
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T U ESDAY M AY 24, 2 0 16 • TH EEDGE F I N AN C I AL DAI LY
14 C O M M E N T
A debt agenda for the G7
Unsustainable increase seen in major developed countries’ national debt
BY MARTIN FELDSTEIN
O
n May 26-27, the
heads of the Group
of Seven (G7) leading industrial countries will gather in
Japan to discuss
common security and economic
problems. A major common problem that deserves their attention is
the unsustainable increase in the
major developed countries’ national debt. Failure to address the explosion of government borrowing will
have adverse effects on the global
economy and on debt-burdened
countries themselves.
The problem is bad and getting
worse almost everywhere. In the
United States, the Congressional
Budget Office estimates that the
federal government debt doubled
over the past decade, from 36% of
gross domestic product (GDP) to
74% of GDP. It also predicts that, under favourable economic assump-
tions and with no new programmes
to increase spending or reduce revenue, the debt ratio 10 years from
now will be 86% of GDP. Even more
worrying, the annual deficit ratio
will double in the next decade to
4.9% of GDP, putting the debt on
track to exceed 100% of GDP.
The situation in Japan is worse,
with gross debt at more than 200%
of GDP. Japan’s current annual deficit of 6% of GDP implies that the
debt ratio will continue to rise rapidly unless action is taken.
Conditions differ among the eurozone countries. But three of the
European Union’s four largest economies — France, Italy, and the United Kingdom — all have large debts
and annual deficits that point to
even higher debt ratios in the future.
A rising level of national debt
absorbs funds that would otherwise be available to finance productivity-enhancing business investment. Businesses now fear that
the increasing deficits will lead to
higher taxes, further discouraging
investment.
That is a worrying prospect for
everyone. When interest rates rise,
as surely they must, the cost of servicing the debt will require higher
taxes, hurting economic incentives
and weakening economic activity.
And the persistence of large deficits
reduces the room that governments
have to increase spending when
there is an economic downturn or
a threat to national security.
Reducing deficits is obviously a task for those responsible for
tax revenue and public spending:
governments and legislatures. But
central banks also play a role, affecting the problem in two ways. Low
interest-rate policies in advanced
countries are depressing the current size of budget deficits, but at
the cost of reducing pressure on
political leaders to address future
deficits and encouraging voters to
favour more spending programmes
and larger tax cuts. Central banks
can help by announcing clearly
that interest rates will rise substantially in the future, making it more
expensive for governments to borrow and to roll over existing debt.
Reducing annual deficits re-
quires either increased tax revenue or decreased outlays. Raising
marginal tax rates is both politically
unpopular and economically damaging. In the United States, there
is scope to raise revenue without
increasing tax rates, by limiting socalled tax expenditures — the forms
of spending that are built into the
tax rules rather than appropriated
annually by Congress.
For example, an American
who buys an electric car receives
a US$7,000 (RM28,500) tax reduction. Larger tax expenditures in the
US include the deduction for mortgage interest and the exclusion from
taxable income of employer-paid
health insurance premiums.
Although eliminating any of
these major tax expenditures might
be politically impossible, limiting
the amount by which a taxpayer
could reduce his or her tax liability by using these provisions could
raise substantial revenue. So I do
my best to persuade my Republican friends in Congress that reducing the revenue loss from tax
expenditures is really a way to cut
government spending even though
the deficit reduction appears on the
revenue side of the budget.
The good news is that a relatively
small reduction in annual deficits
can put an economy on a path to
a much lower debt-to-GDP ratio.
For the US, cutting the deficit from
the projected 4.9% of GDP to 3% of
GDP would cause the debt ratio to
drop toward 60%.
The same is true elsewhere. The
long-run debt-to-GDP ratio is equal
to the ratio of the annual budget
deficit to the annual rate of growth
of nominal GDP. With 4% nominal
GDP growth, a budget deficit of 2%
would bring the long-term debt
ratio down to 50%. That should
be the goal for which all of the G7
countries aim. — Project Syndicate
Martin Feldstein, professor of economics at Harvard University and
president emeritus of the National Bureau of Economic Research,
chaired President Ronald Reagan’s
Council of Economic Advisers from
1982 to 1984.
UK introduces foreign property ownership register
BY LIM YIN FOONG
IN the affluent north London neighbourhood of St John’s Wood is a
£35 million ($207 million) mansion
boasting eight bedrooms, a pool,
cinema and wine cellar. Nothing
to shout about by London’s standards, but what makes it interesting
is who owns it.
This luxury property belongs
to Andrey Yakunin, whose father
Vladimir was once a member of
Russian President Vladimir Putin’s
inner circle. More precisely, the
mansion is owned by British Virgin Islands-based offshore company Terphos Financial, which has
been linked to Yakunin, The Sunday Times reports based on a list of
offshore-owned British properties
released by the Land Registry following the Panama Papers scandal.
Yakunin’s mansion also features
in London’s “kleptocracy tour”,
which highlights luxury properties
in the capital city owned by businessmen and oligarchs from Russia,
Ukraine and Kazakhstan through
offshore companies. The bus tours
are organised by the Committee for
Legislation Against Money Laundering in Properties by Kleptocrats
(ClampK), a group of anti-corruption
campaigners aiming to create more
awareness on how foreign kleptocrats are using high-end properties
in major cities as money-laundering
vehicles for ill-gotten gains.
The properties on ClampK’s tour
itinerary are just the tip of the iceberg, given what we know now. The
Panama Papers leak in early April
revealed that more than 6,000 title
deeds of UK properties worth at least
£7 billion have been linked to about
2,800 companies set up by Mossack
Fonseca, the law firm at the heart of
the exposé. While not all of these
holdings are necessarily linked to
nefarious activities, the figures do
shed light on the extent of the use of
offshore companies to invest in UK
property, which has long prompted calls for greater transparency in
foreign property ownership.
Hence the government’s recent
announcement that it is introducing
a public register to record foreign
ownership of UK property, making
it the first Group of 20 country to do
so. This public register of beneficial
ownership will come into effect in
June, and will require all foreign
companies currently holding UK
property and those intending to buy,
as well as those looking to compete
for government contracts, to disclose
who their actual owners are.
Undoubtedly, this move would
have been hastened by recent
events, and by announcing it at
an international anti-corruption
summit in London in mid-May,
Prime Minister David Cameron
has chosen an apt platform to affirm the UK’s commitment towards
improving transparency, as well as
clamping down on money laundering and global corruption.
The United Kingdom’s (UK) move
has inspired France, the Netherlands, Nigeria and Afghanistan to
follow its lead in introducing similar
public registers, while Australia, New
Zealand, Jordan, Indonesia, Ireland
and Georgia have agreed to take in-
London’s sky-high house prices are an opportunity for money-laundering activities.
Photo by Reuters
itial steps to do the same, Property
Wire reports.
Back in the UK, the move could
not have come sooner, given London’s growing reputation as a haven for “dirty money”. According to
anti-corruption body Transparency
International (TI), UK luxury properties offer “a much-sought-after
badge of wealth and respectability”,
thus providing protection for corruption money, while London’s sky-high
house prices represent an opportunity for money launderers to process
large amounts of ill-gotten gains.
TI UK’s analysis of data from
the Land Registry and Metropolitan Police Proceeds of Corruption
Unit revealed that more than £180
million worth of UK property has
been brought under criminal investigation as suspected proceeds
of international corruption since
2004. More than 75% of UK properties being investigated for grand
corruption used offshore corporate
secrecy to hide the identities of their
owners, TI notes in its 2015 Corruption on Your Doorstep report. TI’s
research also found that London has
the lion’s share of offshore company
holding of properties recorded in
the Land Registry — 36,342 properties covering 2.25 square miles.
Such facts only serve to fuel the
ire of not just anti-corruption activists, but also Londoners, who have
watched with dismay as communities in various pockets of their
city have been affected by international investors leaving their luxury
properties empty as they use them
as “safe deposit boxes” in which to
park their cash rather than as homes.
The influx of wealthy foreign investments has also been blamed for distorting the housing market, pushing
up prices of prime central London
homes, which in turn affects house
prices in other parts of the capital
city, in effect making London unaffordable for many locals.
Little detail has been provided
on how the proposed public register
will be implemented and enforced,
or if there will be any penalties for
non-compliance. There are, however, concerns that the register will
be challenging to enforce given that
people could still cheat by using
proxies and false identities, and
that it would be too costly for the
government to fully verify the information provided. As Jason Collins,
a partner at law firm Pinsent Masons, said in the Financial Times,
those with something to hide will
find ways to beat the system.
Critics say the loss of privacy arising from the proposed public register
may deter legitimate buyers seeking
anonymity for security reasons from
getting a home in the UK. Luxury real
estate agent Trevor Abrahmsohn told
the Guardian that the move could
drive away wealth creators, and may
prompt existing billionaire owners
to sell off their properties.
This obviously does not bode
well for a market sector that has already begun cooling down, thanks
to global economic worries, stamp
duty hikes and Brexit fears. For now,
however, this may be the least of
the British government’s worries
as it steps up the fight against international corruption and money
laundering.
Lim Yin Foong was founding editor
of Personal Money, a Malaysian
personal finance magazine that was
published by The Edge Communications. She is currently based in the UK.
TU E SDAY MAY 24 , 20 16 • T HEED G E FINA NCIA L DA ILY
W O R L D B U S I N E S S 15
Bayer makes US$62b
‘all-cash offer’ for Monsanto
It would create world’s biggest supplier of seeds, pesticides, genetically modified crops
BERLIN: German pharmaceuticals giant Bayer yesterday said it
had offered US$62 billion (RM253
billion) for US agriculture group
Monsanto in a move which would
create the world’s biggest supplier
of seeds, pesticides and genetically
modified crops.
Bayer said it had made an “allcash offer” for the US giant at US$122
per share or a total of US$62 billion.
“The planned combination with
Monsanto is such an extraordinary opportunity to create a global
leader in the agricultural industry. Monsanto is a perfect match
to our agricultural business,” the
German firm said.
Bayer said expected synergies
from the merger would result
in an annual boost to earnings
of around US$1.5 billion after
three years.
The announcement comes just
days after Monsanto said it had
received an unsolicited bid from
Bayer following weeks of speculation about a possible tie-up.
According to The Wall Street
Journal, the two companies would
together account for around 28%
of global sales of pesticides and
herbicides.
Low commodity prices — which
have caused farmers to cut orders
for supplies — have piled the pressure on agricultural suppliers like
Monsanto, which is based in St
Louis, Missouri.
In March, the US firm slashed
its earnings forecast for 2016.
Sluggishness in the industry has
also sparked consolidation deals
such as a mega-merger between
DuPont and Dow Chemical.
Switzerland’s Syngenta last year
rejected an unsolicited offer from
Monsanto, later agreeing to be
bought by China National Chemical Corp for US$43 billion.
Last year, following the unsuccessful bid for Syngenta, Monsanto
embarked on a huge restructuring
programme, saying it would axe
3,600 jobs — or 16% of its workforce — by 2018, closing sites and
writing down assets.
A major manufacturer of agricultural seeds and herbicides,
Monsanto employs about 20,000
workers and describes itself as one
of the world’s leading biotechnology companies.
Bayer, which employs around
117,000 workers, turned in record
profits and sales in 2015, notching
up a net profit of €4.1 billion on
sales of €46.3 billion.
See related story on Page 20
The Bayer statement said it was
“premature at this stage” to estimate when the two companies
would be joined as one.
“If a deal is reached with Monsanto, until closing, Bayer and
Monsanto would continue to operate as independent companies,”
it said. — AFP
VietJet said to buy 100 Boeing aircraft for US$11.3b
HANOI: Vietnamese budget airline
VietJet, famed for its bikini-clad
air hostesses, has agreed to buy
100 passenger jets from US aircraft
maker Boeing for US$11.3 billion
(RM46.1 billion), the airline said
yesterday, in a deal signed in front
of US President Barack Obama in
Hanoi.
In a statement, VietJet said the
deal is “the largest-ever single commercial airplane purchase in Vietnam aviation”.
It was penned in front of Vietnamese President Tran Dai Quang
and the American leader, who is on
a three-day trip to the communist
nation.
A White House official confirmed the deal for 100 Boeing jets
was among a raft of commerical
agreements sealed yesterday worth
more than US$16 billion.
“We expect this will support
60,000 American manufacturing
and technology jobs,” the official
added.
Founded in 2007, VietJet, which
has previously drummed up publicity with bikini-wearing air stewardesses, is making a major move
into the lucrative Southeast Asian
aviation sector.
In February, the carrier announced that it had signed a
US$3.04 billion deal with US engine maker Pratt & Whitney, underscoring the growth potential of
the region’s low-cost airline market. — AFP
on web + mobile
Filepic of a VietJet airliner at Hanoi’s Noi Bai International Airport. In a statement,
VietJet said the deal is ‘the largest-ever single commercial airplane purchase in
Vietnam aviation’. Photo by AFP
Insurer AXA to
sell €1.8b of
tobacco assets
PARIS: French insurer AXA plans
to stop investing in the tobacco
industry, citing the impact of
smoking on public health, and
said it plans to sell its €1.8 billion (RM8.2 billion) of assets in
the sector.
AXA said it would divest its
€200 million of equity holdings
in tobacco companies immediately. It also plans to stop all new
investments in tobacco industry
corporate bonds and run off its
existing holdings worth about
€1.6 billion.
“With this divestment from
tobacco, we are doing our share
to support the efforts of governments around the world,” incoming AXA chief executive Thomas
Buberl said in a statement.
“This decision has a cost for
us, but the case for divestment
is clear: The human cost of tobacco is tragic; its economic cost
is huge.”
AXA said that tobacco kills six
million people a year and that
the figure is expected to rise to
eight million by 2030, mostly in
developing countries. The cost
to society is greater than that of
alcohol or obesity, the company added.
The decision reflects a shift
in the role of health insurers towards preventing health conditions, AXA said, including increased use of technology.
The head of the Union for
International Cancer Control
(UICC) said in the same statement that it would continue to
encourage other companies to
follow AXA’s lead.
“We need companies like AXA
to signal that investing in an industry that kills its customers is
simply the wrong thing to do,”
UICC chief executive Cary Adams said.
“This announcement to divest
€1.8 billion is a milestone step
in the right direction.” — Reuters
Catch up on the
Top 5 news of the day.
Uploaded from
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T U ESDAY M AY 24, 2 0 16 • TH EEDGE F I N AN C I AL DAI LY
16 FO CU S
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Give the Porsche Macan a chance
It’s more than just a teenier Cayenne, handling the road with tenacity and power
BY HA NN A H EL L IOTT
01. The 2016 Porsche Macan S
comes with a 340hp, threelitre twin-turbo V6 engine
that gets 339 pounds-feet
of torque on a seven-speed
dual-clutch transmission.
M
uch has been said about
grit lately. It’s the idea that
success comes from some
combination of practice,
passion, determination
and hope; the combina-
tion is called grit.
Cars can have it, too. It’s the X-factor that
makes little rally racers so fun to drive, the
enigmatic thing that makes some sports
cars seem plucky while others feel numb.
The 2016 Porsche Macan S has grit. It’s
not a perfect car — expensive and small for a
crossover, with a polarising body style — but
when it comes to gripping corners, thrusting
into tight traffic, and ripping around town,
the Cayenne’s cute little brother more than
proves its mettle.
This is the smaller version of the Cayenne
that Porsche debuted in 2015. It’s based on
the Audi Q5 (both are made by parent company Volkswagen AG) but has enough of
Porsche’s excellent interior, infotainment,
and options that it belongs squarely in the
Porsche-lovers club.
The one I drove recently for a week in
Los Angeles cost US$68,245 (RM278,440),
which included such optional upgrades
as 20in (51cm) sport wheels (US$1,260), a
heated sport steering wheel in dark walnut
(US$615), and park assist (US$850). The base
Macan S starts at US$52,600.
You could cross-shop this car against the
BMW X3 and the Mercedes GLC Class, or
even against the upcoming Jaguar F-Pace.
This is one level more expensive (excepting
the Jag) and smaller, which is not necessarily a bad thing but something to note. (Four
adults fit in here better than the as-advertised five; if you need seating for five, buy
the Cayenne.) It is significantly faster than
all of those other small sport utility vehicles,
02. A quick and efficient
Bluetooth system, rainsensing wipers, and remote
entry all come standard.
lower the car as needed. (There are 9in of
ground clearance at rest.) Traction control
keeps the car in line as you drive over unstable roads. Torque vectoring moves the
Macan S easily from side to side. The electronic locking differential across the rear
axle targets exactly where it’s best to send
engine power. All that adds up to a nice little crossover that you feel is well-in-hand
02 as you drive.
though. And it’s the most distinctive-looking of the lot.
In the middle of my week with the Macan,
I took a Tesla Model X for a short trip north. It
was an eye-opener. But the reason I mention
it is because when I finally got back into the
Macan, I breathed a sigh of relief. Owning
and driving a Tesla is a lifestyle choice; I, for
one, felt happy to be in a “regular” analogue
car again, one with a proper seven-speed
PDK dual-clutch transmission and an allwheel-drive system that gripped the road
like a monkey. The Macan, with its sporty,
eager driving feel, was the perfect fallback.
Sturdy and nimble
Driving the Macan S is simple and easy. This
car does not posture or try to be something
it is not. The 18-way-adjustable sport seats
(US$370) place you high up enough over the
road to provide the benefit of feeling more
dominant, but the short wheelbase (110in,
compared to 113 in the Cayenne), compact
styling, and canny handling make it as manageable as a sport sedan.
It comes with a 340-horsepower (hp),
three-litre twin-turbo V6 engine that gets 339
pounds-feet (460 newton-metre) of torque
on a seven-speed dual-clutch transmission.
Standstill to 60mph (100kph) is five seconds,
which is fine. Top speed is 156mph. By comparison, the standard US$76,200 Cayenne
posts standstill to 60mph in 5.1 seconds,
with a top speed of 161mph. Each get 17
miles per gallon (7.23km per litre), combined. I don’t need a lot of extra space, and
I like the Macan’s stats better; if you feel the
same way, don’t spend additional money
on the bigger car.
More important to most owners, the
Macan S has all the ingenious, adaptable
stability systems that Porsche has perfected
fleet-wide. Adaptive air suspension smooths
the ride as you accelerate and will raise or
A Porsche on the inside
Porsche has appointed inside the same
triple-gauge instrument cluster and button-filled dashboard that are in its other
cars, with enough cup holders and storage compartments to satisfy most casual
suburban types. (This is a big concession,
considering that at one time the stridently
racing-focused company refused to offer
even one cup holder in its 911 range.) That
said, when you face the dash in the Macan, it
has the same general compact but three-dimensional feel as that of a classic sports car.
Headroom and legroom inside aren’t particular generous, but they’re about what you
would expect from a small luxury crossover.
The rear trunk will accommodate weekend
bags for four passengers, as long as they pack
more like, say, Holly Golightly than Elizabeth Taylor. There’s no wind noise to speak
of, even when cruising at 80mph.
A quick and efficient Bluetooth system,
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T U E SDAY MAY 24 , 20 16 • T HEED G E FINA NCIA L DA ILY
FO CU S 17
Alfa Romeo challenges BMW with the Giulia
BY TOMMA SO EB HAR DT
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IT’S make-or-break time for Fiat Chrysler
Automobiles NV’s long-awaited revamp of
Alfa Romeo, with the sporty Italian brand’s
first luxury sedan about to go head-tohead with the likes of the BMW 3-Series.
After at least six months of delays, the
Giulia sedan is now on sale in Europe.
The critical launch in the United States,
where it currently only sells the 4C sports
car, is planned for the third quarter and
will kick off with a limited number of the
510-horsepower (hp) Quadrifoglio performance version. The standard model will
follow in the final three months of the year.
At least on the track, Fiat Chrysler’s
chief executive officer Sergio Marchionne
is confident the Giulia, which accelerates
to 100kph in as little as 3.9 seconds compared with 4.1 seconds for the BMW M3,
can win.
“Tell me if there is any car in the same
class which can compete with this one:
The BMW? Come on, take one here on
the track and you’ll see,” Marchionne,
who used to drive cars from the German
luxury brand before joining Fiat in 2004,
said earlier this month at Fiat’s Balocco
test track in northern Italy. “This is the
best expression of what we can do on a
technical basis.”
But it will take more than extra horsepower for Alfa to beat BMW, Audi and
Mercedes-Benz in the most crowded
segment of the luxury-car market. The
German rivals have reputations built
up over decades and can draw in buyers through vast networks of dealers and
broad slates of offerings. Before the Giulia — which bears a resemblance to
the BMW 3-Series — the brand’s lineup consisted of two hatchbacks and the
limited-run 4C. BMW, which has vowed
to defend its status as the world’s biggest
luxury-car maker, declined to comment
on Fiat’s efforts.
“While early reviews of the Giulia are
promising, it’s just one building block in
Alfa’s revival, and despite what Fiat Chrysler might claim, it’s aimed four-square at
one of the most competitive segments in
the world,” said Tim Urquhart, an analyst
with IHS Automotive in London. “It’s a
tough task.”
Backed by the Giulia, Alfa Romeo is ex-
Alfa Romeo’s Giulia Quadrifoglio. It will take more than extra horsepower for Alfa to beat BMW, Audi and Mercedes-Benz in the most crowded segment of the luxurycar market. Photo by Bloomberg
pected to more than double sales to about
190,000 vehicles in 2019 from 91,000 in 2016,
according to IHS. But even if it reaches that
level, it will remain a niche player compared
with Daimler AG’s Mercedes and BMW,
which are expected to both deliver more
than two million cars in 2019.
Revamping Alfa Romeo has been a priority
for Marchionne since he joined Fiat in 2004.
After failing to deliver on previous promises
to produce winning models, the executive
sought help relaunching the Italian sports-
car maker, hiring Roberto Fedeli from BMW
in February as chief technical officer for
Alfa Romeo and the Maserati luxury brand.
Fedeli, a former technical director at
Ferrari, said he “had several talks with Marchionne” before being convinced me to join
Fiat. The turning point was a visit to the Cassino plant in southern Italy, which will be
the focal point for Alfa production.
The factory “shows how the industrial plan
behind this project is hyper-solid”, Fedeli
said in an interview, adding that the plant’s
production line is “even more advanced”
than those at BMW’s German facilities in
Dingolfing, Leipzig and Munich.
Major investment
Alfa Romeo’s ambitions are evident in
the Giulia’s sales price, which at €34,100
(RM156,065) for the 150hp diesel version
is higher than rivals. The cheapest BMW
3-Series is a 136hp gasoline model for
€30,500, while the Audi A4 starts at €31,100
and the Mercedes C-Class at about €31,800.
The revival of the Alfa Romeo brand,
which was originally a crucial part of Marchionne’s plan to more than double the
carmaker’s profit by 2018, was delayed in
January when Fiat postponed the target to
complete an expansion of the new line-up
by two years to 2020. The company also
dropped a goal to boost sales more than
fourfold to 400,000. Marchionne admitted
that the Giulia, which will be followed by
the brand’s first sport utility vehicle later
this year and by a third model in late 2017,
didn’t have an “easy” birth.
“Don’t ask me how much we spent,
it cost a lot” to develop the Giulia, said
Marchionne, who calls it the best car in
its class developed by Fiat since he joined
the group 12 years ago, adding that investments in Alfa’s line-up have exceeded €1
billion. — Bloomberg
Buying the Macan S is taking a step towards nonconformity
rain-sensing wipers, and remote entry all
come standard. Ambient lighting (US$325)
and the beautiful walnut interior package
(US$550) cost extra. So does the full infotainment system, which includes complete
rear-seat entertainment (US$3,115 for two
high-resolution, 10.1in colour touchscreens,
each with a DVD drive, two USB interfaces,
a secure digital card interface, a high-definition multimedia interface, an internal 32-gigabyte flash memory, and Internet access)
and the dark blue metallic paint (US$690) I
enjoyed. Only white and black models come
free of charge; they look rather pedestrian.
Kid-brother good looks
Then again, if you buy the Macan S, you’re
already taking a step towards nonconformity.
(Conformity’s Exhibit A: the Audi Q5.) Set off
by the recessed bi-xenon headlamps and auto-adjusting daytime running light-emitting
diode headlights at the front, as well as by
Porsche’s distinct grille of gaping lateral slats,
the Macan S is Robin to the Cayenne’s Bat-
man. It’s younger, with a more visual verve,
shaped with a short, rounded hood and a
happy little uplift at the end. And it’s more
unique than the generally bland, rounded
crossovers the market tends to offer. It feels
short but energetic.
The sideblades along the body pay homage to the 918 Spyder and help the doors look
narrower and sleeker than they might otherwise seem. They’re available in matte black,
lava black, gloss black and carbon fibre, although I prefer them to be the same colour
as the rest of the vehicle. I would definitely
choose the largest wheels you can afford.
You can also add gear racks, a panoramic
sunroof, privacy glass and rolling automatic
sunblinds. I like all the extras; rather than
clutter, they make this car in particular feel
it’s your own.
After all, a little showing off isn’t bad:
Such aesthetic extras as the 21in optional
wheels simply communicate, in physical
form, the grit we already know exists under
the hood. — Bloomberg
The rear trunk will accommodate weekend bags for four passengers.
T U ESDAY M AY 24, 2 0 16 • TH EEDGE F I N AN C I AL DAI LY
18 W O R L D B U S I N E S S
Greek parliament
approves reforms
IN BRIEF
Toshiba to more than
halve its capital base
This is in exchange for much-needed bailout loans and debt relief
BY L EFT ERI S PA PADIM AS
& RENEE MA LTEZOU
ATHENS: Greek lawmakers approved tax increases and a new
privatisation fund on Sunday and
freed up the sale of non-performing
loans in exchange for much-needed bailout loans and debt relief.
Athens hopes the measures,
two days before a key eurozone
finance ministers’ meeting, will
help it unlock the funds it needs to
pay International Monetary Fund
(IMF) loans, European Central
Bank (ECB) bonds maturing in
July and increasing state arrears.
“Greeks have already paid a lot,
but this is probably the first time
that the possibility of these sacrifices being the last is so evident,”
Prime Minister Alexis Tsipras told
lawmakers before a vote in parliament.
His left-led coalition, re-elected
in September on pledges to implement the terms of a €86 billion
(RM394 billion) bailout it signed
Tsipras (right) and Finance Minister Euclid Tsakalotos at a parliamentary session in Athens
on Sunday. Athens hopes the measures will help it unlock the funds it needs to pay IMF
loans, ECB bonds maturing in July and increasing state arrears. Photo by Reuters
up to in July, has a narrow majority of 153 lawmakers in the 300-seat
parliament.
The coalition voted in favour of
the reforms with only one member
of parliament (MP) against some
Japan exports fall in April
as strong yen, quakes weigh
TOKYO: Japanese exports faltered
in April after separate figures last
week showed the world’s No 3 economy dodged a recession in the first
quarter.
A fall in shipments of cars and
steel overseas led exports lower, as
key producers including auto giant
Toyota warned that a rally in the yen
was taking a bite out of profits, on
the back of a slowdown in China
and other emerging economies.
Deadly earthquakes in southern
Japan last month forced the temporary closure of some regional
factories, weighing on production.
“Exports of US-bound automobiles have rapidly fallen, which
could have been an effect of production suspension due to earth-
quakes in Kumamoto,” SMBC Nikko economist Junichi Makino said
in a note.
The government has approved
a ¥778 billion (RM29 billion) extra
budget in response to the disaster.
Yesterday, the finance ministry
said exports dropped 10.1% last
month from a year ago to ¥5.89
trillion, the seventh straight monthly fall.
The value of imports also
plunged 23.3% to ¥5.06 trillion,
mostly due to fluctuations in oil
and energy prices, the ministry said.
Japan’s trade surplus sat at
¥823.5 billion. The yen weakened
sharply, which boosted Japanese
exporters’ profits and sparked a
huge stock market rally. — AFP
‘Leaving EU would cause recession’
LONDON: Leaving the European
Union (EU) would tip Britain into
a “year-long recession”, finance
minister George Osborne warned
yesterday as campaigning stepped
up a month from a referendum on
membership of the bloc.
Analysis released by the Treasury
argued that leaving would cause “an
immediate and profound economic
shock” to Britain and damage economic growth. “With exactly one month
to go to the referendum, the British
people must ask themselves this
question: Can we knowingly vote
for a recession?” Osborne said.
The analysis gave two scenarios if
voters chose to leave the EU: a “shock
scenario” in which gross domestic
product would be 3.6% lower than it
otherwise would have been after two
years, and a “severe shock scenario”
in which it would be 6% lower.
Osborne and Prime Minister
David Cameron have made dire
predictions of the effect of a socalled Brexit as they campaign for
Britain to remain in the EU. — AFP
articles on the new privatisation
fund and a contingency mechanism of spending cuts that will be
activated only if Athens looks set
to miss its fiscal targets.
Syriza MP Vassiliki Katrivanou
later resigned, saying in a post she
uploaded on Facebook: “We are
implementing measures and policies which are against the core of
our values.” Her resignation will not
affect the government’s majority
since she will be replaced.
The taxes will hit Greeks where it
hurts, with increases in value-added tax by one point to 24%, more
tax on fuel, tobacco, Internet usage
and an extension of a property tax.
Hundreds of demonstrators
rallied outside parliament in the
evening to protest against the reforms.
“It’s a disaster!” said 60-year old
businessman Panayiotis Kehris.
“We will cut down on everything,
from food to driving.”
To appease the angry public,
Tsipras told lawmakers that each
time Athens exceeds its annual
primary surplus targets, the extra
state revenues would go to a social
solidarity fund. About €700 million
would go to the fund this year, he
said. — Reuters
Yum’s China split does not
look too tasty right now
BY QU E NTI N WE BB
HONG KONG: Yum Brands’ split is
not looking too tasty. With one of
the most logical partners walking
away from buying a pre-spin-off
stake in its Chinese unit, it may be
even longer before the KFC owner
serves up some value.
Right now, the Yum break-up
looks like a rather hollow victory
for activist investors Corvex and
Third Point. They won the argument that Yum’s global business
— stable, slow-growing, mostly
franchised, and thus able to bear
lots of debt — should not have the
same owners as a high-risk Chinese
business that is a fast-growing, but
accident-prone market leader.
That insight hasn’t yet translated into better valuations. Last
May Corvex’s Keith Meister, who
now sits on Yum’s board, argued the whole company could
be worth US$130-plus a share.
Since then, the stock has returned
a negative 10%, including dividends, versus a 32% advance
at arch-rival McDonald’s. The
performance might have been
worse, but for a big share buyback that is part of the reorganisation. Yum shares closed below
US$80 (RM326) last Friday.
The problem is that after numerous setbacks at Yum China,
investors are less willing to give
it credit for future growth potential, even if a turnaround under
new management is starting to
show up in measures like improving same-store sales. Last
year a Breakingviews calculator
showed how the unit could be
worth US$27 billion if Yum China can expand its footprint in the
People’s Republic by 50%. Reports
from the current auction mention
a valuation of US$8 to US$11 billion, for a business making US$1
billion of earnings before interest,
taxes, depreciation and amortisation a year.
Now Reuters says China’s China Investment Corp, working with
buyout group KKR, has quit the
auction, having sought majority
ownership rather than the minority
stake on offer. That always sounded unrealistic, unless the duo was
willing to pay up for control, and
for the tax bill a sale would trigger.
Even so, their departure is not
helpful. That is because the auction
presumably has several goals: bring
in some cash; reassure prospective
public investors by introducing a
big “anchor” at a decent valuation;
and perhaps find a heavyweight local partner to help navigate future
challenges in China.
Another unnamed buyout firm
is still circling, as is Singapore’s
Temasek. The latter certainly has
the cash, but might now drive a
harder bargain, and would be a
less useful political ally. The split
still makes sense, but has yet to
cook up value. — Reuters
TOKYO: Japan’s Toshiba Corp
said yesterday it would more
than halve its capital base — a
move that comes in the wake of
a US$1.3 billion (RM5.3 billion)
accounting scandal last year. It
will cut its capital to ¥200 billion
(RM7.46 billion) from ¥439.9 billion to plug a deficit in its earnings reserves on its balance sheet
after posting huge losses, it said.
The capital reduction will be subject to shareholders’ approval
and effective July 31, the embattled industrial conglomerate said
in a statement. The company
also said that it was correcting
its earnings results for the year
that ended in March. Its operating loss came to ¥708.7 billion,
compared with the ¥719.1 billion loss announced earlier this
month. — Reuters
Legal costs burn one-third
of European bank profits
FRANKFURT: European banks
have spent a third of their net
profits on provisions to cover
expected legal costs since the
start of the economic crisis in
2008, European Central Bank
(ECB) data showed yesterday.
Between 2008 and 2015, European banks have set aside
US$160 billion in provisions for
legal costs, equal to almost half
of their net income over that
period. This means their profits
could have been almost onethird higher were it not for these
legal costs. The ECB added this
trend may continue, with banks
provisioning for another US$50
billion worth of legal costs as of
the end of 2015. — Reuters
Singapore all-items
CPI falls for 18th month
SINGAPORE: Singapore’s headline consumer price index (CPI)
fell in April from a year earlier
for a record 18th straight month,
but the pace of decline moderated due to a low-base comparison, official data showed
yesterday. The all-items CPI
fell 0.5% from a year earlier,
after sliding 1% in March, and
compared with a median 0.7%
decline forecast in a Reuters
poll. Singapore’s core inflation
gauge rose 0.8% in April from a
year earlier, the biggest increase
since March 2015. The median
forecast was for an increase of
0.9%. — Reuters
China’s FGC to pay €670m
for Germany’s Aixtron
FRANKFURT: Fujian Grand
Chip Investment Fund LP
(FGC) has agreed to buy Aixtron in a deal valuing the German semiconductor equipment
maker at €670 million (RM3.07
billion), adding to a string of
Chinese takeovers of German
technology companies. FGC,
a Chinese investment fund
controlled by businessman
Zhendong Liu, said yesterday
it would offer €6 per share to
buy loss-making Aixtron, representing a 51% premium to
the company’s three-month
volume-weighted average share
price. — Reuters
TU E SDAY MAY 24 , 20 16 • T HEED G E FINA NCIA L DA ILY
W O R L D 19
Obama lifts Vietnam’s
Cold War-era arms ban
As ties grow closer due to trade and mutual fears of Chinese sea expansion dispute
BY JEROME CA RT I L LIER
& T R A N THI MI NH HA
HANOI: US President Barack Obama yesterday scrapped a Cold Warera ban on weapons sales to Vietnam, as ties between the former
foes grow closer thanks to trade and
mutual fears of Chinese expansion
in disputed seas.
The announcement, made at the
start of Obama’s three-day visit to
Vietnam, ends a decades-old embargo and will likely infuriate Beijing, which has been increasingly
assertive in its claims to disputed
areas of the South China Sea.
“The United States is fully lifting
the ban on the sale of military equipment to Vietnam that has been in
place for some 50 years,” Obama said
Taiwan’s new
govt drops
lawsuit against
protesters
TAIPEI: Taiwan’s new government announced yesterday it
has dropped a lawsuit against
126 protesters who stormed the
cabinet headquarters in 2014 to
protest against a controversial
China trade pact.
President Tsai Ing-wen, from
the Beijing-sceptic Democratic
Progressive Party, and her new
government took office last
Friday, following eight years of
cross-strait rapprochement under her predecessor Ma Yingjeou of the Kuomintang.
Ma oversaw an unprecedented thaw in ties with China, but
public sentiment in Taiwan had
turned against his approach in
recent years, leading to the socalled “Sunflower Movement”,
which occupied parliament to
demonstrate opposition to the
trade pact.
Some protesters also infiltrated government headquarters,
pulling down barbed-wire barricades outside and using ladders
to break into offices on the second floor until riot police used
water cannon to dislodge them.
Premier Lin Chuan defended
the decision to drop the lawsuit
against the protesters, saying the
movement had its “legitimacy”. It
was only the second document
he signed since taking office. “The
Sunflower Movement’s demand
has become a social consensus.
Parliament is legislating the oversight bill on cross-strait agreements based on such a demand,
which highlights the movement’s
legitimacy and social contribution,” Lin said. — AFP
Obama (left) shaking hands with
Quang after an arrival ceremony at the
presidential palace in Hanoi, Vietnam
yesterday. Photo by Reuters
at a joint press conference alongside
his Vietnamese counterpart President Tran Dai Quang.
Obama said the move was not
prompted by China’s regional ma-
noeuvres, but came as the countries enter a “new moment” that
takes them towards a “normalisation” of ties.
Vietnam’s Quang welcomed the
rollback of the ban, hailing the shared
“common concerns and interests”
that now bind the two countries.
The Obama administration has
pitched this week’s trip as an opportunity to push ties beyond the
period of rapprochement, with Vietnam now a vital plank in the US’
much vaunted pivot to the Asia-Pacific region.
Obama said he was “moved” to
see thousands of locals lining Hanoi’s streets, craning with smartphones in hand for a view of his
motorcade. — AFP
Philippines’ Duterte said to defy
church with three-child policy
MANILA: Philippine President-elect
Rodrigo Duterte said he will defy the
Roman Catholic Church and seek to
impose a three-child policy, putting
him on a new collision course with
the bishops a day after he called
them “sons of whores”.
The southern mayor has yet to
be declared the May 9 poll winner,
but an unofficial vote count by an
election commission-accredited
watchdog showed him ahead over
his four rivals, three of whom conceded defeat. Duterte assumes office on June 30.
Duterte’s often outrageous comments have won him huge support
and his tirades about killing criminals and a joke about a murdered
rape victim do not appear to have
dented his popularity in the largely
Catholic country.
“I only want three children for
every family,” Duterte said on Sunday in Davao City. “I’m a Christian,
but I’m a realist so we have to do
something with our overpopulation.
I will defy the opinion or the belief
of the Church.”
About 80% of the Philippines’ 100
million population are Catholics, the
largest concentration of any Asian
country, who oppose abortion and
contraception.
On Saturday, he criticised the
Church as the “most hypocritical
institution”, meddling in government policies and said some bish-
ops were enriching themselves at
the expense of the poor.
“You sons of whores, aren’t you
ashamed? You ask so many favours,
even from me,” Duterte said in an interview broadcast by TV station GMA.
Monsignor Oliver Mendoza,
spokesman for the Archdiocese of
Lingayen, whose head is the president of the Catholic Bishops Conference of the Philippines, said the
Church respected Duterte’s opinion
but that it would continue to speak
against government policies that are
contrary to Church teaching.
“Because if we fail to do that, if we
close our eyes, if we close our lips, we
close our ears, what will be the role
of the Church?” he said. — Reuters
‘Bombs kill more than 100 in Syria regime strongholds’
BEIRUT: At least 101 people were
killed yesterday in two Syrian regime bastions in a spate of bombings claimed by the Islamic State
(IS) jihadist group.
Fifty-three people were killed
in the city of Jableh and another
48 died in Tartus further south,
according to the Syrian Observatory for Human Rights monitoring group.
Observatory head Rami Abdel
Rahman said they were “without
a doubt the deadliest attacks” on
the two cities since Syria’s conflict
erupted in March 2011.
The IS group claimed the attacks
via its Amaq news agency, saying
IS fighters had attacked “Alawite
gatherings” in Tartus and Jableh.
Seven bombs — most of them
IN BRIEF
Seventeen girls killed in
fire at school dormitory
in northern Thailand
BANGKOK: Seventeen girls
died after a fire swept through
the dormitory of a school for
children of hill tribes in northern Thailand, officials said yesterday, with a survivor describing fleeing as flames engulfed
the building. The fire started
late on Sunday night, meaning many of the children at
the school run by a Christian
charity were asleep as flames
spread through the two-storey wooden building. “The fire
broke out at 11pm on Sunday
(1600 GMT). Seventeen girls
were killed, with five injured,”
Colonel Prayad Singsin of the
police in the town of Chiang
Rai told AFP. — AFP
South Korea rejects
North’s latest proposal
to hold military talks
SEOUL: South Korea yesterday rejected the latest proposal
by the North to hold military
talks, saying Pyongyang first
needed to take steps towards
abandoning its nuclear arsenal.
The North’s leader Kim Jong-un
offered the military dialogue
during a speech to a recent congress of the ruling Workers’ Party — the first event of its kind for
more than 35 years. North Korean military later urged Seoul
to accept the offer to overcome
the current “catastrophic state”
of cross-border ties, proposing a preparatory working-level
meeting in a message sent on
Saturday. — AFP
IS suicide bombing
kills at least 40 army
recruits in Yemen’s Aden
ADEN: A suicide car bombing claimed by Islamic State
(IS) killed at least 40 army recruits and injured 60 others in
the Yemeni city of Aden yesterday, medics said, in one of
the deadliest attacks yet on the
beleaguered government. The
attack occurred as the recruits
lined up to enlist for military
service at the home of a senior general in the Khor Maksar district of Aden, officials
said. The port city serves as the
temporary capital of Yemen’s
Saudi-backed administration
while it seeks to seize back the
capital Sanaa from the armed
Houthi group. — Reuters
Search on for clues
in EgyptAir crash
A damaged site after
explosions hit Tartus
yesterday. Seven
bombs — most of
them suicide attacks
— hit Jableh and
Tartus almost
simultaneously.
Photo by Reuters
suicide attacks — hit Jableh and
Tartus almost simultaneously yesterday morning.
Syrian state media also reported the attacks but gave a total of
78 dead, including 45 in Jableh
and 33 in Tartus.
State television broadcast footage of a bus station that was hit by
one blast in Tartus. Charred minibuses laid on their sides while others were still ablaze. — AFP
CAIRO: Egypt enlisted a submersible on Sunday to search
the Mediterranean seabed for
the black boxes of EgyptAir flight
MS804, hoping the recorders
would determine whether the
plane crash was an accident or
attack. President Abdel Fattah
al-Sisi said it was too early to tell
what caused the Airbus A320
to plunge into the sea with 66
people on board last Thursday.
Some wreckage from the plane
that was en route to Cairo from
Paris had been found, but none
of the passengers’ bodies, a civil
aviation ministry spokesman
said on Sunday. — AFP
T U ESDAY M AY 24, 2 0 16 • TH EEDGE F I N AN C I AL DAI LY
20 FO CU S
Tencent can shield itself
from ad slowdown
Soaring revenue from mobile games in 1Q cushions the blow
BY ROBY N MA K
HONG KONG: Tencent can withstand an advertising slowdown. Last
Wednesday, the Chinese gaming
giant warned a slowing economy
may clip its fast-growing ad business.
But soaring revenue from mobile
games, which topped U$1.3 billion
(RM5.34 billion) in the first quarter
(1Q), cushions the blow. Besides,
unlike rivals Alibaba and Baidu, Tencent relies less on marketing dollars.
Although the US$195 billion
web giant beat market expectations with a 43% year-on-year rise
in overall quarterly revenue to 32
billion yuan (RM19.92 billion), a
surprise slowdown in advertising
sales was enough to push its shares
down slightly. By midday in Hong
Kong last Thursday, they had fallen
a bit more than 2%. The company
cautioned that top advertisers were
reluctant to spend due to a weak
economy.
Advertising has soared from a
very low base to become one of the
fastest-growing parts of the Tencent empire. Last year sales of ads
on Tencent’s WeChat messaging
app, plus video and news sites, more
than doubled to 17.5 billion yuan.
That turbocharged rate of growth
now looks unsustainable. Analysts at
HSBC have cut their annual growth
expectations to 54% for 2016.
However, ads are still a comparatively small part of the whole. They
now make up 15% of total revenue.
That puts Tencent in a good spot
compared with China’s other Internet giants, e-commerce group Alibaba and search engine Baidu, both of
Tencent’s core business
is doing even better than
expected. It dominates
mobile gaming. In the
recent quarter, six out of
China’s top 10 grossing
titles were developed or
licensed by Tencent, BNP
Paribas says. Photo by
Reuters
which rely far more on advertising. It
accounted for 95% of sales at Baidu
and 51% at Alibaba in the first three
months of this year.
Meanwhile Tencent’s core business is doing even better than ex-
BASF best leaving Monsanto
seeds for the birds
BY OL A F STOR BECK
LONDON: There is one thing
BASF shareholders should fear
more than consolidation between
rival Bayer and US seed maker
Monsanto: their own board wading in with a counterbid.
Bayer’s bid for Monsanto
puts BASF chief executive Kurt
Bock on the spot. With agricultural revenues of €5.8 billion
(RM26.56 billion), the Ludwigshafen-based group is one
of the world’s big players in a
sector where everyone seems
to be enthusiastically coupling.
Think of Dow Chemical’s merger with DuPont, and Syngenta’s
planned takeover by ChemChina. Of the largest global agricultural players, only BASF would
be left on the shelf.
Moreover, a Bayer-Monsanto
tie-up may put BASF’s collaboration with the Americans at
risk. Both groups work together
on research and development
in plant biotechnology, giving a
strong reason perhaps to spoil
Bayer’s plans.
Yet the maths of BASF counterbid would be a stretch. A 30%
sweetener on Monsanto’s undisturbed share price would mean
an interloper paying up around
US$51 billion (RM208.08). That’s
a premium equivalent to US$12
billion. Jefferies analysts estimate that BASF could generate
around US$720 million of annual cost synergies from merging with Monsanto by 2020, but
their US$5.4 billion net present
value — what they’d be worth
as a lump sum today — falls far
short of justifying such generosity. By leveraging up to 3.5 times
the combined entities’ Ebitda,
BASF could comfortably take
on only around US$30 billion
of new debt. — Reuters
pected. Traditional desktop games
are falling out of favour in China,
but the company dominates mobile
gaming: In the recent quarter, six
out of the country’s top 10 grossing
titles were developed or licensed
by Tencent, BNP Paribas says. Successful hits like Naruto Mobile lifted
Tencent’s mobile gaming revenue
up 86% year-on-year. That offsets
the industry-wide gloom over advertising. — Reuters
Goldman’s
Tesla upgrade
is a case of bad
timing
BY A N TO N Y C UR R IE
NEW YORK: A Tesla upgrade from
Goldman Sachs looks like a case of bad
timing. The bank’s analysts upgraded
the carmaker last Wednesday, just
hours before their banking cohorts
took a role in a US$1.7 billion (RM6.94
billion) stock sale expected to launch
in the next day or two. It smells fishy,
especially as the note gave a timely
boost to Tesla’s stock price. But there’s
plenty to suggest otherwise.
Tesla boss Elon Musk told an earnings call he would be hitting up investors for cash. The only question was
how much. That is what Goldman’s autos researchers were assessing in their
note. They plumped for US$1 billion.
So when Tesla announced its equity offer later in the day, markets
inevitably buzzed with speculation
that the investment bank was failing
to keep church and state separate.
Tesla has been a Goldman client
for years: The bank and rival Morgan
Stanley led its initial public offering
and usually run its secondary stock
deals. In other words, Goldman has
already done all the work to convince
Musk to hire its bankers.
Second, flattery from analysts
wouldn’t do a bank much good here.
Musk has never seemed that interested
in finding ways to boost Tesla shares .
Third, the sheer fact that both
moves came on the same day invites
all kinds of scrutiny — including from
regulators. In 2016 it is hard to see
Goldman, or any major bank, being
quite so stupid as to use research this
openly to win banking business.
There’s one more point: The reason for keeping a so-called Chinese
wall between research and banking
is to show both are independent. As
odd as it may sound, Goldman allowing both its bankers and analysts free
rein could actually show that the wall
is working as intended. Downgrading
the company, of course, would have
offered far stronger proof. — Reuters
Wall Street puts old
Washington ways on ice
BY G I NA C HO N
WASHINGTON: Wall Street is putting its old Washington ways on ice.
Big banks are infamous for lobbying
against swathes of financial reform.
Lately, though, they’ve cut back. Now
they’re actively pushing congressional Republican bigwig Jeb Hensarling
to ditch a bill to repeal the DoddFrank Act.
The latest efforts to upend the
2010 law ought to appeal to the likes
of JPMorgan, Bank of America and
Goldman Sachs. They have, after all,
complained about everything from
capital charges to mortgage reform
to how watchdogs handle annual
stress tests.
Hensarling, chairman of the House
Financial Services Committee, plans
to introduce a bill that would undermine many of those measures. Wall
Street lobbyists, though, are not of-
fering support.
It’s not because President Barack
Obama has threatened to veto similar
bills. Financial firms have in recent
years backed such efforts, hoping
that a push for broad changes might
yield smaller concessions.
They won, for example, exemptions for certain matters under the
so-called Volcker rule that bans proprietary trading. In December 2014,
they persuaded Congress not to force
them to move certain derivatives operations out of units with federally
insured deposits, arguing it would
create more risk by moving the activity to unregulated entities.
That, though, came at a heavy
price. Initial supporters of the watered-down measure turned against
the industry, worried that being seen
as too soft on Wall Street would alienate voters.
The banks have cottoned on to the
changing mood. Bosses like JPMorgan’s Jamie Dimon have been less
overt in their criticism of regulations
in the past few years. Spending on
lobbying by the securities and investment industry fell by 8% to US$97
million between 2011 and 2015, according to the Center for Responsive
Politics.
Political rhetoric against banks
has got sharper during the US presidential campaign. Meanwhile, Congress has diverted dividends the
Fed pays to banks to help fund a
highway bill. As a result, banks are
playing defence.
That may change if Republican
presidential hopeful Donald Trump
wins the White House. He told Reuters
last Tuesday that he’d overturn much
of Dodd-Frank if he became president. For now, though, Wall Street
is one of the biggest defenders of
post-crisis reform. — Reuters
TU E SDAY MAY 24 , 20 16 • T HEED G E FINA NCIA L DA ILY
FO CU S 21
Uphill climb for S’pore drug makers
Even with the aid of government grants, product development is a long and expensive process
BY TRI N I T Y C H UA
N
euroscientist Dr Anil K Ratty
was in his 30s and growing increasingly restless while writing research papers that did
not seem to translate quickly
into applications in reality. He
would call what he did subsequently naïve,
but he would not regret it — he returned to
Singapore from the United States and started
his own biotech firm to develop drugs for
patients with mental illnesses.
A lifetime in research and medicine had
not, however, prepared him for the complicated web of the start-up world. Soon, he
was frustrated that no one — from venture
capitalists to private investors — appreciated the drug development business. Neither did they want to put money into it. “I
started this company 16 years ago and the
struggle [to secure funds] has been like that
of a salmon swimming upstream trying to
spawn,” he says.
Ratty, 57, is founder of Cennerv Pharma,
previously called Chakra Biotech. The company, whose name is derived from “central
nervous system”, has four patented drug
compounds and another in the process of
securing a patent that can treat mental health
conditions such as depression and dementia, with potentially less adverse side effects
than currently available drugs, he says.
His biotech firm never raised a single
venture round, and is mostly funded by
dedicated friends and family members,
as well as the occasional high-net-worth
individual. Still, a huge capital outlay is
needed to proceed to later stages of clinical
trials. Ratty estimates the biotech start-up
would now need to raise up to US$50 million (RM204 million) to fund its next stage
of drug development.
Long way up
Ratty’s 16-year journey shows the challenges awaiting biotech firms that want to
raise funds for a mid-stage drug development process. “The biggest risk is not having enough funding to take it to the stage
of getting a revenue opportunity,” he says.
Typically, early-stage drug development
works require a couple of million dollars
in funding. Later-stage clinical trials can
easily cost up to US$100 million, which
could prove difficult to obtain from private
investors — probably because few financial
investors or institutions understand the
drug makers’ business model.
“This sector is not PE (price-to-earnings)driven unless you are at the commercialising stage already,” says Chow Kek-Tong,
Cennerv’s chief financial officer and an
independent director of Catalist-listed GS
Holdings. “And no biotech company is a
dividend play — [drug-making firms] take
a much longer time than most conventional
businesses to get revenue, [which makes it
hard] for investors to value the company.”
Carolyn Ng, investment director of Vertex
Healthcare, a member of Temasek Holdings,
notes, “Our local biotech VC (venture capital)
scene has yet to reach the maturity and size
of other established ecosystems, such as the
San Francisco Bay Area or Boston in the US,
where there are a much higher concentration
of specialised and experienced life sciences
funds.” The venture fund has biotech startups, mostly medical devices, in its portfolio.
Ng says funding opportunities for biotech
start-ups also depend on the area of focus.
For instance, immune-oncology start-ups
The biggest risk is not having enough funding to take it to the stage of getting a revenue opportunity, says Ratty (right), seen here with Entzeroth. Photo by Samuel
Isaac Chua/The Edge Singapore
have attracted a significant amount of venture investments in recent years.
Although the local biotech sector is still
nascent, Ng observes that the community of
biotech investors in Singapore has certainly grown over the last few years. US-based
Lightstone Ventures just closed a US$50
million round to fund Singapore-based life
sciences technologies and companies. The
fund was backed by the Singapore Economic
Development Board and Temasek Holdings.
The Singapore government has made
substantial investments in the sector as
well. From 2011 to 2015, it invested S$3.7
billion to enhance biomedical research and
development (R&D) infrastructure, integrating multidisciplinary research as well as
translating basic science into tangible outcomes. This year, it unveiled a S$19 billion
(RM56.1 billion) five-year plan to support
the country’s R&D initiatives, which include
health and biomedical sciences. There are
also public-private collaborations, such as
Maccine and A*Star’s partnership, which
aids drug-developing companies in their
clinical trial process.
Lengthy and costly process
Even with the aid of government grants,
developing drugs is a long and expensive
process. It starts with a pre-clinical trial that
lasts a few months and costs US$1.5 million
on average. Then, the company proceeds to
the Phase 1 trial, which takes between one
and two years and costs at least US$2 million. Phase 2 costs US$10 million and takes
roughly two years to complete. Phase 3 is
likely to double the amount of time needed
in Phase 2 and can cost up to US$100 million.
Two Cennerv products are in Phase 2 and
the rest at the pre-clinical stage. Ratty has
managed to sustain the company through
a mix of credit-card debt, running another
start-up and seeking grants from the Malaysian government.
He started information technology firm
Cicada Cube, which develops search engines
for enterprises, to support himself early on.
Then, he and his team secured RM20 mil-
lion from the Malaysian government to run
a 15,000 sq ft lab in Penang, which provides
research services for a fee.
But the neuroscientist-turned-entrepreneur is aware that the company needs a
sustainable business proposition to court
investors. “The way to make it work for investors is there must be shorter-term [incoming] revenue and longer-term revenue
opportunities,” he says. Cennerv plans to
license its patented drugs after completing Phase 2 trials to bigger pharmaceutical
companies, which have the resources and
manpower to carry Phase 3 trials and bring
the drugs to market.
A licensing deal will bring in upfront revenue of between US$20 million and US$50
million. Cennerv will also have a cut of royalty, which forms its recurring income. Ratty
estimates royalty to be between 8% and 15% of
sales when the product hits the shelves. “The
total deal size for mental illness drugs can go
up to US$500 million,” he says. For instance,
Merck paid Bionomics US$172 million for its
pain treatment compound, and later covered
Bionomics’ Alzheimer treatment candidate
in a deal worth up to US$500 million.
Making strategic deals
On the surface, biotech ventures still pose
considerable risk. If the drug trials fail, there
will be no recurring royalty income, despite
the high amount of capital invested.
Ratty manages his risks by buying over
drug compounds for cheap from other
biotech firms that can no longer afford to finance their development. “We bought three
assets from US-based companies for less
than US$600,000,” he explains. “They spent
US$55 million on one of the drugs, and we
have to spend only US$10 million to redesign
and complete Phase 2 and license it off for a
bigger amount [of revenue].” He reckons the
company can manage a compound annual
growth rate of 40% in the next few years as
two of its drugs complete Phase 2.
“As a scientist, I would be stuck on one
drug and take it until the end or die trying; [but if you want to see the venture
through,] you need to be a commercial
enterprise,” he says.
Possibility of IPO
Dr Michael Entzeroth, chief scientific officer
of Cennerv, met Ratty on the building rooftop opposite the Fullerton Hotel by chance
and joined the company in 2014. He is former deputy director of A*Star Experimental
Therapeutics Centre and was with Boehringer
Ingelheim in Germany. He explains that the
five drug compounds under Cennerv are
meant to treat depression, attention deficit
hyperactivity disorder, autism, insomnia
and dementia.
“The current crop of drugs in the market
are hampered by adverse effects associated
with their therapeutic effects. From our data,
we believe that, with our drugs, patients will
have much less adverse side effects with
better therapeutic outcomes,” Entzeroth
says. For instance, the drug it is developing
for insomnia does not cause drowsiness,
based on the test data so far. A majority of
drugs treating insomnia cause drowsiness.
These drugs could also help those who do
not respond to drugs. Ratty says, “We believe
they will help at least 15% of patients [based
on current data], including those who may
have been treatment-resistant.”
Ratty returned to Singapore in the 1990s
with a conviction that he could develop
drugs and make a success of a Singapore
venture. “Investors in the US were interested in [Cennerv], but I asked myself, ‘Why
should I go to the US, become big and then
come back here?’”
So, he stuck to his guns and stayed rooted in Singapore. Now, with two compounds
ready for licensing in three years, the company is mulling an initial public offering.
“We need the first few companies to make
decent pots of money for investors here before this sector can take off,” he says. Currently, there is only one biotech firm listed
on the Catalist, iX Biopharma, which makes
pain-relief solutions. Its shares have fallen
34% since its debut last July and it has yet to
be profitable. — The Edge Singapore
22
T U ESDAY M AY 24, 2 0 16 • TH EEDGE F I N AN C I AL DAI LY
live it!
TUE
WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE
SWEET DELIGHTS
Don’t be afraid of the
calories and indulge in
some of these sinful
offerings
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BY HANNAH M ER ICAN
D
on’t miss out on this current dessert
bar trend that has taken the Klang
Valley by storm. From gelato to Korean desserts, here is our guide on
some of the best dessert bars to
satisfy your sweet tooth.
BingSu Café
28 Jalan SS21/35
Damansara Utama, Petaling Jaya
Noon to midnight (Monday to Sunday)
Tel: (03) 7733 3086
Publika Solaris Dutamas,
1 Jalan Dutamas 1, Kuala Lumpur
12.30pm to 11.3pm (daily)
www.facebook.com/madaboutcoco
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Chocolate is the star at MAD About Coco and is
a one-stop place for anyone who loves chocolate
in all its forms. Indulge in the menu that offers
chocolate on pancakes, crepes, cronuts, toast
and waffles. One of the most popular items on
the menu is the Coco chocolate moist cake that is
served in a hollow chocolate ball with half-white
chocolate and dark chocolate with tiramisu, and
comes with hot chocolate sauce, which is used to
deconstruct the outer surface of chocolate for an
oozingly sinful dessert.
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RM
MAD About Coco offers chocolate on pancakes, crepes, cronuts, toast and waffles.
Every Sundae Soft Gelato Bar by Cielo Diolci
9 Jalan SS21/37
Damansara Utama, Petaling Jaya
Fans of Korean “bingsu” shaved ice desserts flock 1pm to 11pm (Monday, Wednesday to Thursday, Sunday)
to this dessert café in droves. It uses top-notch 1pm to midnight (Friday to Saturday)
ingredients ranging from Korean blueberries, Tel: (03) 7733 5683
cheesecake chunks, strawberries and passion fruit
in its bingsu desserts. The menu also incorporates
some local flavour into some dishes, including the
durian mango bingsu. Aside from bingsu, the café
offers waffles and toast served with ice cream and
fruits. The café also features a range of ice cream
and sorbets made from real fruits and nuts with
flavours such as soursop, banana and cempedak.
This premium Korean dessert café does not use
any artificial flavouring or colours.
Build your own gelato dessert at Every Sundae
with a few simple steps. Customers have to choose
a base — cone, orange crepe, giant choux, giant
cookie, cup or Belgian waffle — together with a
soft serve flavour and toppings that range from
cookie crumbs, caramel popcorn, cotton candy
to marshmallows. Finish your order by selecting a
sauce, such as pandan kaya, butterscotch sesame,
pandan kaya, Chantilly cream, chocolate fudge and
passion fruit compote. Gelato from Every Sundae
is made freshly every day and prices of a sundae
range from RM14 to RM16.
MAD About Coco
Softsrve
31 Jalan SS21/1A
Damansara Utama, Petaling Jaya
Noon to 11pm (Monday to Sunday)
www.facebook.com/softsrve
With its minimalist Japanese-inspired decor, Softsrve’s “less is more” theme also reflects its menu.
Its signature ice cream flavour is the cereal milk
flavour inspired by the famous Momofuku Milk
Bar in New York City. Aside from that, the café
now also serves a range of flavours, including
chocolate and fruit sorbets. With toppings such
as popcorn, honeycomb, chocolate chips, truffles
and egg waffles, any fan of soft serve ice cream
will be delighted.
BingSu.
F
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Every Sundae’s gelato dessert.
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Foo Foo Fine Desserts
64A Jalan Burhanuddin Helmi
Taman Tun Dr Ismail, Kuala Lumpur
3pm to 11pm (Monday to Tuesday, Thursday to Friday)
2pm to 11pm (Saturday to Sunday)
www.facebook.com/foofoodesserts
Savour a collection of yummy sweet treats from
pastry chef Foo, who trained at Le Cordon Bleu
Sydney. Delectable delights include mango and
lychee ice cream slice with fruit salsa, almond brioche with spicy chocolate gelato, masala-spiced red
wine poached pear with rose petal ice cream and
fruit pavlova. The majority of desserts in the café
incorporate fruits, giving the dishes a particular
zesty flavour, which is nicely juxtaposed with ice
cream. The café also takes orders for eight-inch
premium birthday cakes three days in advance. Foo Foo Fine Desserts.
W
Softsrve.
T U E SDAY MAY 24 , 20 16 • T HEED G E FINA NCIA L DA ILY
live it! 23
WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE
DINING
BY P ETRINA F ER NANDEZ
From the Turkish kitchen at
Shangri-la Hotel Kuala Lumpur
IF you are unable to schedule in a trip to Turkey right
now, perhaps you could settle for a taste of it. Plan for
dinner at the Lemon Garden Café at Shangri-la Hotel
Kuala Lumpur where chefs from the Shangri-La Bosphorus, Istanbul, are taking over the evening buffet.
Guest chefs Ibrahim Karakoç and Özge Ateşoğlu
will prepare a virtual feast for the senses. Turkish
cuisine famously caters to a wide range of palates
and dietary preferences with a heady smorgasbord
of nuanced, sweet and savoury dishes. Vegetarians
need not worry about going hungry with starters
such as pide, a fluffy flatbread filled with creamy feta
cheese and spinach, and mains such as bulgur and
lentil patties served with pomegranate molasses.
Meat is something the Turkish do especially well
so anticipate a spread of perfectly grilled and slowcooked expressions. Kebabs, such as the Adana
variant with skewered hand-minced lamb cooked
over charcoal and lightly dressed with spices, come
highly recommended, as does the baked aubergine
with lamb. Be sure to save room for signature desserts including the keskul, the traditional Ottoman
almond pudding, and a variety of baklava wrapped
in flaky pastry. The dinner buffet will run until May
30 and is priced at RM140 net per person from Sunday to Wednesday and RM188 net from Thursday
to Saturday.
Should you instead prefer to luxuriate in the Mediterranean flavours earlier in the day, consider making
a reservation for afternoon tea at the hotel’s Lobby
Lounge between 3pm and 6pm. From tomorrow until
May 30, a host of Turkish sweets and savouries will
be on the menu. Work your way through spinach
and cheese pastries, stuffed grape leaves and bulgur
balls filled with ground meat to sweet finishes such
as revani (semolina cakes), baked rice puddings and
a selection of Turkish delights. The tea is priced at
RM90 net per set.
Throughout this celebration of Turkish cuisine,
diners stand a chance to win two Turkish Airlines
business class return tickets to Istanbul in a lucky
draw with a minimum spend of RM200. So make a
date with a friend or significant other at the Shangri-
IF you have weak and brittle hair, Sachajuan’s brand new
Over Night Hair Repair will give your hair 24-hour care.
A gel product based on purified water, it’s designed to
build elasticity and strengthen hair as well as give it fabulous shine. It’s packed with the highest concentration
of Ocean Silk technology among all Sachajuan’s products, and contains algae Rhodophycea and Chondrus
Crispus which add moisture and shine from the inside.
In addition, the algae also add naturally occurring trace
elements and minerals into the hair shafts. The Sachajuan Overnight Hair Repair retails at RM279 for 100ml
and can be purchased from KensApothecary Bangsar
Village II, KensApothecary One Utama, Re:placement
Salon Bangsar Baru, Dry Parlour Bangsar Village I and
Esthethic Hairdressing Avenue K. For more information,
visit www.sachajuan.com.
Turkish desserts.
Turkish Meze Platter.
la Hotel KL during this period and you might find
your experience a precursor to an unforgettable
holiday. For reservations to both the Lemon Garden
Café and the Lobby Lounge, call (03) 2074 3900 or
email [email protected].
Visit www.shangri-la.com/kualalumpur/shangrila
for more details.
Personal
ASSISTANT
CO MPI L ED BY SU ANN QUAH
WORK. LIFE. BALANCE
PICK OF THE DAY
WEI Li Cheah is a Bachelor of Music graduate
from International College of Music, Kuala
Lumpur majoring in Music Production and
Technology. He then went on to earn his
Master of Arts in Jazz Studies at the Leeds
College of Music, United Kingdom majoring
in the piano. He has performed in multiple
corporate shows and jazz festivals including
a stint with Lewis Pragasam’s Asiabeat. Apart
from performing around town, he also lectures part time at UCSI as well as recording
for acts like Too Phat, Melissa Indot and Diana Liu. Catch the Wei Li Cheah Trio at 9pm
today at No Black Tie, 17 Jalan Mesui, Off
Jalan Nagasari, Kuala Lumpur. For inquiries
or reservations, call (03) 2142 3737.
IF you’re interested in making little things, have
many friends and family who are going to have
babies or for your grandchildren, these classes
are perfect for you. They are also perfect for
those who want to make baby accessories to
sell. At sewing@hobbyncoffee, you can practise under teacher’s supervision until you are
satisfied. Learn how to make baby bibs, burp
cloth, booties and suspenders through classes priced from RM320 to RM400. Head over to
Hobby n Coffee at 10.30am today to learn. All
fabrics, elastics and threads are provided, as
are drinks and snacks from the café. For more
info, call (03) 7721 6602. Hobby n Coffee is located at 1st Floor, 12 Jalan Tun Mohd Fuad 2,
Taman Tun Dr Ismail, Kuala Lumpur.
ESCAPE the rush hour this evening by heading
over to the Dewan Filharmonik Petronas to
catch the Malaysian Philharmonic Orchestra
performing Bartok’s Sonata for Solo Violin,
and Tchaikovsky’s Piano Trio. Sit back and
unwind with beautiful chamber music while
the chaos of rush hour passes you by on the
congested streets outside. This chamber concert starts at 6.30pm and all seats are priced
at RM30. For tickets or more information, log
onto www.mpo.com.my or call (03) 2331 7007.
T U ESDAY M AY 24, 2 0 16 • TH EEDGE F I N AN C I AL DAI LY
24 F E AT U R E
Bold young entrepreneurs
Toy ‘arms race’
turning Lego
violent — study
BY N E IL S A N D S
Redeeming their dream and business opportunities through target marketing
BY B RI A N KM WONG
R
ecently, I was invited
to moderate an entrepreneurship session
on Networking Day 4.0
co-organised by Putra
Business School and
Universiti Tenaga Nasional. Thinking of Master of Business Administration students as my target audience, I decided to focus on “young”
entrepreneurs to remain relevant.
Most of us have an entrepreneurship dream, but commonly, it remains a dream. Why? It is simply
because we humans are risk-averse
by nature.
While we often believe that entrepreneurship brings us wealth, we
tend to neglect the hardship journey one would need to go through.
This was my objective — getting the
speakers to share their journey on
how the whole entrepreneurship
idea got started. For this occasion,
I had invited three speakers from
different backgrounds. Each had
their own story to tell.
Aw Tai Hau, a 26-year-old Kelantanese, who co-founded Pott Glasses was my first speaker. His company produces chic eyewear with
a specific niche target market of
Asian faces. The company’s business model is rather unique for a
start-up in that corporate social
responsibility (CSR) was planned
within the business framework itself — CSR is not just a “nice to
have” activity to have when profits
are gained. The company’s “One
for One” campaign (for every pair
of glasses sold, they donate one
to the underprivileged) reminds
us as a corporate citizen to bring
back the human element into our
business. This young entrepreneur
understood that the marketspace
(From left) Brian, Wong, Amir and Aw at the entrepreneurship session on Networking Day 4.0. Brian had invited the three speakers
from different backgrounds for the occasion.
is consisted of not just the buyer
and seller, but of society as a whole.
Amir Hasan, my second speaker,
co-founded AisKosong, a student
discount mobile application. Targeting the university student market, the app provides access to student-specific deals and discounts,
with a community that grows at
about 15% on a weekly basis. The
company is currently going through
a rebranding exercise, with an intention to be the region’s first digital
student portal that provides access
to both physical and online student discounts. The bold move of
this new start-up is in its business
model of competing in the “soon
to be saturated” mobile application market.
My last speaker was not a business entrepreneur per se, but a writer who had decided at a young age
to leave her lucrative-paying job at
a Fortune 500 company. Alexandra
Wong is a columnist at The Star and
has just recently published her first
book, entitled Made in Malaysia.
Why is she relevant? Her risky decision on switching professions is
similar, if not the same, to a new
start-up entrepreneurial decision.
Freelance writing is a form of business. Her writing philosophy sets
her business model, and her writing
style determines her target market.
Eric Forbes, a senior editor of MPH
Group Publishing, in his testimonial
to Wong says: “Alexandra Wong is
a writer with a refreshing perspective of the planet. As a writer, she
is inspiring, with a hint of humour
and charm. Her stories are very human — she writes from the heart
and soul.”
Bold marketing perhaps is best
to describe this category of entrepreneurs. Regardless of their different backgrounds, I have observed
five key similarities among them —
in making a risky entrepreneurial
decision at a young age:
1. They know themselves.
2. They are able to realise their passion into business ideas.
3. They are observant, able to identify
business opportunities and match
them with their business ideas.
4. They are bold in taking the first
step to connect with the market
(perhaps most people fail to progress further from here).
5. They create their own marketspace.
6. They are vigilant, persistent and
passionate in the business they
are building on.
And above the ability in them
to recognise their strengths and
in addressing their weaknesses is
simply being human.
This ability to act on conscience
and be guided by a higher purpose
will shape these young entrepreneurs into who they will be. They
will redeem their dream and business opportunities through target
marketing.
Dr Brian KM Wong (brian@putrabs.
edu.my) is a marketing specialist
at Putra Business School, formerly known as the Graduate School
of Management, Universiti Putra
Malaysia. He is also a change agent,
specialising in marketing, strategy
and management.
4.98
128.98
LEGO products are becoming
increasingly violent as toymakers engage in an “arms race”
to retain children’s attention in
the digital age, New Zealand researchers said yesterday.
The University of Canterbury
team said child’s play is becoming more brutal, with a higher
proportion of weapons appearing among Lego’s building blocks
and war-like scenarios featuring
in its themed kit sets.
“The Lego company’s products are not as innocent as they
used to be,” lead researcher
Christoph Bartneck said.
“The violence in Lego products seems to have gone beyond
just enriching gameplay.”
In a study published by online journal PLOS ONE, the researchers concluded that Lego
“showed significant exponential
increases of violence over time”.
While Denmark-based Lego
has been making plastic building blocks since 1949, the study
found that its first weapons were
issued in 1978, when a castle kit
had swords, axes and lances.
An analysis found that weapons had steadily become more
commonplace and are now included in 30% of Lego kits.
Bartneck said the percentage
is probably higher as the data included only small, single-brick
weapons, not items such as the
bestselling Star Wars’ Death Star,
which in itself is a giant planet-destroying ray blaster.
In addition, the research examined Lego catalogues from
1973 to 2015, and found that scenarios depicted in the company’s
kits had become more violent.
“Around 40% of all pages contain some type of violence — scenarios involving shooting and
threatening behaviour have increased over the years,” it found.
“The atmosphere of violent
acts is predominantly perceived
as exciting.” — AFP
TU E SDAY MAY 24 , 20 16 • T HEED G E FINA NCIA L DA ILY
Markets 2 5
BURSA MAL AYSIA MAIN MARKET
Bursa Malaysia
YEAR
HIGH
Sectorial Movement
INDICES
CLOSE
+/-
%CHG
INDICES
CLOSE
+/-
%CHG
KLSE COMPOSITE
1,634.89
6.10
0.37
TECHNOLOGY
KLSE INDUSTRIAL
3,073.26
4.89
0.16
FTSE BURSA 100
21.15
0.33
1.59
11,143.57
12,987.72
44.18
60.68
0.47
0.40
CONSUMER PRODUCT
585.22
0.10
0.02
FTSE BURSA MID 70
INDUSTRIAL PRODUCT
139.88
0.15
0.11
FTSE BURSA SMALL CAP
15,355.03
-24.65
-0.16
CONSTRUCTION
287.58
0.31
0.11
FTSE BURSA FLEDGLING
15,847.26
-12.88
-0.08
TRADE & SERVICES
221.49
0.65
0.29
FTSE BURSA EMAS
11,451.08
41.36
0.36
14,291.42
43.10
0.30
FTSE BUR M’SIA ACE
5,620.96
-67.23
-1.18
KLSE FINANCIAL
KLSE PROPERTY
1,155.18
6.66
0.58
FTSE BUR EMAS SHARIAH
11,971.84
41.82
0.35
KLSE PLANTATION
7,518.73
56.08
0.75
FTSE BUR HIJRAH SHARIAH
13,367.65
36.84
0.28
486.34
Unch
Unch
8,656.77
37.66
0.44
KLSE MINING
FTSE/ASEAN 40
Bursa Malaysia Main Market
YEAR
HIGH
YEAR
LOW
DAY
HIGH
CONSUMER PRODUCTS
0.850 0.550 0.795
4.334 3.400 4.090
13.420 5.327 13.420
0.480 0.220 0.250
6.320 4.052 5.850
2.240 1.150 1.200
5.299 2.977 4.290
64.156 40.235 50.760
0.085 0.040 0.045
1.086 0.560 0.600
1.870 0.880 1.660
0.660 0.427 0.535
0.400 0.230 0.375
13.400 10.731 13.200
1.310 0.720 1.250
2.925 2.260 2.310
1.970 0.454 1.350
3.290 1.670 2.650
0.085 0.035 0.035
2.417 1.336 2.040
1.369 1.010 1.320
0.175 0.065 0.095
0.075 0.040 0.045
0.980 0.785 0.920
56.120 40.020
—
0.165 0.065 0.110
0.265 0.105 0.125
0.280 0.165 0.225
0.460 0.190 0.290
2.620 1.693 2.100
0.325 0.225 0.230
0.940 0.640
—
24.270 16.547 23.800
0.940 0.475 0.820
1.353 0.990 0.990
1.220 0.360 0.990
0.966 0.553 0.785
1.640 0.720 1.000
2.760 2.070
—
1.200 0.930
—
0.175 0.040
—
15.180 11.735 14.920
8.290 4.141 8.200
1.196 0.860 0.890
0.533 0.391 0.405
5.280 2.850
—
1.416 0.878 1.350
0.540 0.340 0.530
2.919 1.816 1.990
1.420 0.623 0.975
1.170 0.450 0.650
3.160 2.270 2.420
3.965 1.824 3.150
0.245 0.025 0.105
0.935 0.560 0.760
2.540 1.742 2.100
1.200 0.920
—
0.115 0.035
—
8.100 5.160 5.740
9.700 2.950 9.010
0.405 0.130 0.345
0.405 0.215 0.300
2.917 2.010 2.690
0.900 0.700 0.765
2.343 1.422 1.570
4.585 2.087 4.490
0.135 0.020
—
1.471 1.141 1.350
1.090 0.810
—
1.319 1.080 1.170
5.226 4.507 5.020
0.140 0.025
—
1.650 1.100 1.360
75.569 68.397 75.540
2.800 2.186 2.750
0.200 0.080 0.105
0.370 0.220 0.290
1.079 0.614 0.950
0.605 0.460 0.580
2.518 1.841 2.300
7.659 6.368 6.910
2.490 1.214 2.380
30.200 19.941 29.320
0.768 0.587
—
0.370 0.200
—
0.885 0.275
—
1.180 0.725 0.840
0.229 0.123 0.185
0.580 0.402 0.505
2.071 1.391 1.520
16.784 14.079 16.000
0.614 0.458
—
2.077 1.348 1.550
1.520 0.945 1.420
2.931 1.700 2.100
4.650 3.662 4.360
1.650 1.340 1.520
1.438 1.180 1.220
0.546 0.270 0.290
1.020 0.490 0.995
1.430 0.543 0.595
0.120 0.055 0.070
2.450 0.890 1.710
1.546 0.771 1.070
0.060 0.035
—
2.750 1.671 2.580
1.520 0.730 1.160
0.745 0.365 0.565
0.450 0.280 0.320
3.086 1.990 2.030
1.430 0.352 1.290
1.844 1.040 1.280
1.610 1.184
—
0.570 0.445 0.475
0.510 0.170 0.475
10.607 5.450 5.780
2.430 1.530 2.170
1.010 0.430 1.010
0.098 0.035 0.040
0.670 0.355 0.450
0.630 0.260 0.270
2.410 1.430 2.360
0.635 0.190 0.635
1.147 0.799 1.030
3.490 1.958 2.340
2.055 1.335 1.400
INDUSTRIAL PRODUCTS
1.370 0.883 1.370
0.165 0.095 0.110
0.640 0.470 0.495
0.450 0.260
—
1.050 0.810 0.810
2.454 1.850 2.000
* Volume Weighted Average Price
DAY
LOW
0.775
3.850
12.980
0.250
5.800
1.200
4.200
49.600
0.045
0.575
1.600
0.525
0.330
13.000
1.220
2.310
1.280
2.600
0.035
2.000
1.320
0.095
0.040
0.920
—
0.105
0.110
0.220
0.285
2.050
0.230
—
23.580
0.770
0.990
0.960
0.780
0.985
—
—
—
14.760
8.010
0.875
0.405
—
1.330
0.490
1.990
0.965
0.615
2.390
3.100
0.095
0.750
2.050
—
—
5.580
9.000
0.310
0.290
2.600
0.755
1.500
4.450
—
1.310
—
1.130
5.020
—
1.360
75.000
2.750
0.100
0.285
0.940
0.575
2.300
6.880
2.330
29.000
—
—
—
0.785
0.180
0.505
1.460
15.640
—
1.510
1.410
2.050
4.330
1.500
1.220
0.285
0.980
0.585
0.065
1.700
1.050
—
2.550
1.160
0.560
0.320
2.010
1.220
1.250
—
0.475
0.465
5.490
2.170
0.950
0.040
0.425
0.265
2.320
0.610
0.965
2.310
1.360
1.320
0.105
0.495
—
0.810
2.000
CODE
7120
7090
2658
7051
6432
7722
7129
4162
7243
9288
7174
7154
7128
2836
7035
7148
9423
2828
5188
7205
7202
5214
7179
7119
3026
7198
7182
5091
9091
7149
7208
7094
3689
9776
2755
8605
9172
5102
5606
5606PA
5187
3255
3301
5160
7213
7141
5024
8478
5107
7152
8931
5247
7216
8303
6203
7062
0002
5172
7006
9385
7943
8079
7089
7126
7085
7087
5189
3662
7935
5886
5202
5150
3921
4707
7060
7139
7215
5066
7071
7107
4006
7052
3719
5022
9407
6068
5231
4081
5080
7088
4065
7190
8966
7134
7237
7084
9946
5252
5157
7180
7165
7165PA
7412
7246
8532
7103
7186
7082
7211
4405
7200
7252
9369
7230
7176
4588
7757
7203
5156
7121
5155
5584
7184
5159
7178
5131
0012
7086
7061
7131
7191
9148
COUNTER
ACOSTEC
AHEALTH
AJI
AMTEK
APOLLO
ASIABRN
ASIAFLE
BAT
BIOOSMO
BONIA
CAB
CAELY
CAMRES
CARLSBG
CCK
CCMDBIO
CHEEWAH
CIHLDG
CNOUHUA
COCOLND
CSCENIC
CSL
DBE
DEGEM
DLADY
DPS
EKA
EKOWOOD
EMICO
ENGKAH
EURO
EUROSP
F&N
FARMBES
FCW
FFHB
FPI
GCB
GOLDIS
GOLDIS-PA
HBGLOB
HEIM
HLIND
HOMERIZ
HOVID
HUATLAI
HUPSENG
HWATAI
IQGROUP
JAYCORP
JERASIA
KAREX
KAWAN
KFM
KHEESAN
KHIND
KOTRA
KSTAR
LATITUD
LAYHONG
LCHEONG
LEESK
LIIHEN
LONBISC
LTKM
MAGNI
MAXWELL
MFLOUR
MILUX
MINTYE
MSM
MSPORTS
MWE
NESTLE
NHFATT
NICE
NIHSIN
NTPM
OCR
OFI
ORIENT
PADINI
PANAMY
PAOS
PARAGON
PCCS
PELIKAN
PMCORP
POHKONG
POHUAT
PPB
PPG
PRLEXUS
PWF
PWROOT
QL
REX
SASBADI
SAUDEE
SERNKOU
SGB
SGB-PA
SHH
SIGN
SINOTOP
SPRITZER
SWSCAP
SYF
TAFI
TCHONG
TEKSENG
TEOSENG
TGL
TOMEI
TPC
UMW
UPA
WANGZNG
XDL
XIANLNG
XINQUAN
YEELEE
YEN
YOCB
YSPSAH
ZHULIAN
3A
ABLEGRP
ABRIC
ACME
ADVENTA
ADVPKG
CLOSING
(RM)
0.785
3.880
13.380
0.250
5.850
1.200
4.290
50.000
0.045
0.580
1.620
0.535
0.365
13.000
1.220
2.310
1.300
2.650
0.035
2.040
1.320
0.095
0.045
0.920
56.000
0.110
0.120
0.220
0.285
2.080
0.230
0.790
23.600
0.795
0.990
0.990
0.785
1.000
2.750
1.110
0.065
14.760
8.040
0.880
0.405
4.000
1.340
0.530
1.990
0.975
0.650
2.410
3.140
0.105
0.760
2.100
1.020
0.045
5.680
9.000
0.310
0.290
2.670
0.755
1.570
4.450
0.020
1.330
0.920
1.160
5.020
0.035
1.360
75.520
2.750
0.105
0.285
0.940
0.575
2.300
6.900
2.330
29.000
0.715
0.255
0.570
0.805
0.180
0.505
1.500
15.800
0.510
1.540
1.420
2.060
4.360
1.520
1.220
0.290
0.980
0.590
0.070
1.710
1.060
0.040
2.580
1.160
0.565
0.320
2.020
1.240
1.270
1.350
0.475
0.465
5.650
2.170
0.970
0.040
0.450
0.270
2.330
0.635
1.010
2.310
1.400
1.360
0.105
0.495
0.260
0.810
2.000
+/–
(RM)
VOL
(‘000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
-0.005
671
-0.170
27.5
0.440
74.9
UNCH
15
0.010
36.4
UNCH
100
0.090
13
0.400
274
UNCH
293.8
-0.015
529.3
0.020
305.3
0.005
42.1
0.005
33.9
-0.200
151.3
-0.020
52.2
-0.010
4
-0.050
74.2
UNCH
15.5
-0.005
10
UNCH
128.7
-0.010
22
UNCH
43
UNCH
447
0.040
1
—
—
UNCH 1636.1
-0.005 50049.1
-0.005
247
UNCH 1137.1
-0.020
0.7
0.005
359.5
—
—
UNCH
255.5
0.020
911.4
UNCH
1.4
-0.010
255.1
0.020
57.9
0.015
60.4
—
—
—
—
—
—
-0.160
7.9
-0.040
37.9
UNCH
171
UNCH
360.4
—
—
UNCH
222
0.055
880.4
0.110
1
0.015
104.1
-0.005
21.5
-0.010
755.9
0.010
672.5
UNCH
158
0.005
6
0.050
14.3
—
—
—
—
0.120
161.6
-0.100
32
-0.040 1127.6
UNCH
706.4
0.160 4084.8
-0.010
39.3
0.060
5.1
-0.050
55.9
—
—
0.020
449.3
—
—
-0.020
52.2
UNCH
355.6
—
—
UNCH
309
0.140
66.6
0.050
24.7
UNCH 1388.4
0.005
312.5
-0.010
766.4
-0.005 2503.4
0.070
0.1
0.020
46
-0.040
950.9
UNCH
49.7
—
—
—
—
—
—
0.015
340.4
-0.005
342.5
-0.005
6
0.040
321.2
UNCH
381.6
—
—
-0.010
225.2
0.010
114
-0.020 1236.5
0.010
324.6
UNCH
14.3
-0.010
44
UNCH
188
-0.010
49
0.005 4067.7
UNCH 17053.2
UNCH
44.3
0.010 1623.8
—
—
0.030
136.2
UNCH
5
-0.005
620
UNCH
3
-0.010
20.5
-0.040 2942.5
-0.010
81.2
—
—
UNCH
0.1
-0.015
613.5
-0.050 1142.3
UNCH
2
-0.010
700.1
UNCH
230
-0.020
3
0.005
307.2
-0.020
195.7
0.035
541.9
0.045 1336.2
0.020
69.1
-0.020
105
0.786
3.904
13.213
0.250
5.846
1.200
4.249
49.889
0.045
0.583
1.637
0.525
0.331
13.016
1.239
2.310
1.302
2.615
0.035
2.025
1.320
0.095
0.042
0.920
—
0.105
0.118
0.223
0.287
2.061
0.230
—
23.633
0.797
0.990
0.974
0.782
0.992
—
—
—
14.809
8.055
0.886
0.405
—
1.342
0.508
1.990
0.971
0.622
2.408
3.127
0.099
0.752
2.055
—
—
5.675
9.001
0.327
0.292
2.658
0.757
1.501
4.483
—
1.334
—
1.146
5.020
—
1.360
75.513
2.750
0.104
0.285
0.942
0.579
2.300
6.900
2.345
29.005
—
—
—
0.809
0.180
0.505
1.499
15.789
—
1.533
1.419
2.065
4.349
1.506
1.220
0.285
0.989
0.590
0.070
1.709
1.057
—
2.564
1.160
0.565
0.320
2.019
1.241
1.262
—
0.475
0.467
5.659
2.170
0.982
0.040
0.442
0.269
2.342
0.626
1.000
2.321
1.396
14.46
13.27
20.40
—
13.54
—
11.29
16.95
—
13.43
15.34
5.94
9.71
17.16
14.02
13.49
7.17
16.76
—
14.26
13.85
2.09
—
10.67
22.70
—
—
—
4.07
44.16
26.74
141.07
22.63
—
34.02
13.16
12.13
20.92
15.32
—
—
17.92
11.21
9.37
15.11
8.37
19.59
353.33
9.52
7.67
4.68
30.86
19.15
—
14.26
13.61
23.50
—
6.25
23.36
—
9.76
8.34
8.11
10.59
9.06
—
34.91
155.93
16.04
13.39
—
21.28
28.40
10.74
—
29.38
17.18
—
18.96
15.71
13.98
13.10
26.58
18.89
—
—
15.52
35.82
7.09
17.81
18.41
8.56
16.01
10.83
27.17
22.55
22.55
—
28.00
—
—
6.33
15.01
36.36
13.07
241.67
10.35
—
116.76
14.73
8.75
20.61
—
16.97
—
8.98
11.31
44.44
43.27
0.82
13.29
—
8.49
10.67
13.54
3.18
2.84
1.49
—
4.27
0.42
3.73
5.78
—
3.24
—
1.87
—
5.54
2.46
4.11
1.54
—
—
3.62
7.58
—
—
1.63
1.79
—
—
—
—
3.13
—
—
2.65
—
1.52
1.01
8.92
—
0.73
3.60
—
4.81
3.98
4.55
2.47
—
2.99
—
4.02
4.10
—
0.69
0.80
—
—
3.33
—
—
2.11
—
—
—
4.99
—
3.18
1.80
—
3.01
—
4.31
5.18
—
0.98
3.18
4.00
—
1.75
0.85
—
2.17
2.61
4.29
1.72
3.50
—
—
—
—
1.98
2.67
1.58
2.45
1.54
4.23
3.88
0.97
—
1.64
—
—
—
—
5.85
4.72
—
1.94
—
—
—
2.48
0.81
2.76
5.56
2.11
—
3.54
4.15
3.09
—
—
6.78
1.50
—
3.96
2.81
4.29
139.6
454.5
813.5
12.5
468.0
94.9
820.8
14,276.5
22.4
467.6
278.2
42.8
71.8
4,005.0
192.4
644.4
54.7
429.3
23.4
466.8
159.1
118.1
37.9
123.3
3,584.0
64.7
37.4
37.0
27.3
147.2
55.9
35.1
8,656.0
48.6
247.5
83.7
194.2
480.2
1,679.3
505.5
30.4
4,459.0
2,636.3
264.0
329.3
346.6
1,072.0
39.7
175.2
133.8
53.3
2,415.7
745.6
7.2
76.0
84.1
135.1
12.0
552.1
545.2
20.5
48.7
480.6
140.8
204.3
724.2
8.0
731.8
50.1
70.5
3,529.0
21.2
314.9
17,709.4
206.7
31.8
67.9
1,055.8
121.9
552.0
4,280.7
1,532.9
1,761.6
86.4
17.9
34.2
445.4
139.2
207.2
340.2
18,730.9
51.0
276.6
110.4
626.5
5,441.4
93.7
340.9
34.8
117.6
71.7
34.8
85.5
254.4
79.0
400.3
169.2
345.8
25.6
1,357.4
398.7
381.0
55.0
65.8
108.7
6,600.9
172.7
155.2
107.8
32.7
131.0
436.6
79.4
161.6
311.0
644.0
1.355
0.105
0.495
—
0.810
2.000
23.01
—
—
8.70
38.03
13.70
1.03
—
—
—
—
6.00
535.3
27.7
72.9
56.8
123.8
41.0
0.050
-0.005
UNCH
—
-0.025
-0.090
4953.9
26.9
112
—
2.2
1
# PE is calculated based on latest 12 months reported Earnings Per Share
YEAR
LOW
DAY
HIGH
DAY
LOW
0.165 0.100 0.165
0.140
0.460 0.325 0.430
0.430
0.400 0.260 0.375
0.365
4.717 2.167 3.210
3.210
0.505 0.110
—
—
0.940 0.610 0.865
0.855
0.475 0.335
—
—
1.260 0.620 1.060
1.030
0.360 0.120 0.285
0.270
1.520 1.033
—
—
4.862 3.680 3.720
3.680
0.835 0.382 0.835
0.810
0.804 0.543 0.655
0.630
0.745 0.500 0.520
0.520
1.660 0.510 1.010
0.765
2.480 1.500
—
—
0.795 0.285 0.550
0.535
0.140 0.090 0.110
0.110
1.463 0.975 1.060
1.010
3.100 2.160 2.470
2.470
1.985 0.777 1.690
1.610
0.520 0.285 0.310
0.300
0.295 0.175
—
—
0.455 0.150 0.235
0.205
5.170 2.000 3.900
3.810
0.286 0.045 0.055
0.050
2.350 1.576 2.190
2.150
1.071 0.823 0.900
0.895
1.690 1.150 1.540
1.520
2.560 1.380
—
—
1.500 1.150
—
—
2.284 1.234 1.670
1.650
1.680 1.340 1.490
1.490
1.230 0.640
—
—
0.090 0.040 0.050
0.050
5.932 3.170 3.450
3.290
0.510 0.130
—
—
2.963 1.423 1.580
1.570
0.910 0.200 0.720
0.690
1.000 0.670 0.730
0.725
1.450 0.880 1.400
1.330
1.008 0.630 0.940
0.910
0.440 0.275
—
—
2.374 1.605 2.100
2.050
0.475 0.230 0.380
0.370
0.308 0.170 0.255
0.245
0.635 0.250 0.350
0.345
0.510 0.331
—
—
0.920 0.660 0.675
0.675
1.536 1.091 1.150
1.120
1.654 0.895 0.945
0.920
0.675 0.250 0.580
0.565
1.260 0.406 0.880
0.840
1.600 1.000
—
—
0.480 0.190 0.465
0.380
0.793 0.591
—
—
1.683 0.995 1.170
1.130
1.560 0.600 0.965
0.935
1.176 0.918 1.040
1.020
3.210 2.274 2.740
2.710
0.835 0.347 0.495
0.470
2.544 1.977 2.220
2.220
3.090 1.174 2.130
2.010
1.570 1.370 1.400
1.400
2.970 0.650 1.480
1.480
0.075 0.040 0.045
0.045
0.390 0.200 0.235
0.225
0.135 0.075 0.100
0.090
0.565 0.285
—
—
0.312 0.173 0.265
0.255
0.135 0.070 0.100
0.090
1.080 0.805 0.850
0.830
0.750 0.320 0.485
0.480
6.124 3.810 4.360
4.180
3.500 2.780 2.860
2.780
1.790 1.110 1.230
1.210
0.985 0.706 0.865
0.860
0.525 0.200 0.415
0.380
0.905 0.130 0.185
0.180
1.768 0.918
—
—
0.990 0.530 0.850
0.840
0.430 0.310
—
—
0.095 0.025 0.030
0.025
3.991 2.852 3.140
3.100
0.130 0.055 0.060
0.060
0.960 0.760
—
—
2.190 1.371 2.150
2.140
0.400 0.220 0.250
0.250
0.120 0.045 0.100
0.090
0.175 0.135 0.150
0.140
0.280 0.075
—
—
1.320 0.920
—
—
2.830 1.210 2.000
1.960
1.810 1.051 1.300
1.270
0.230 0.145 0.185
0.175
1.290 0.353 0.940
0.915
0.985 0.430 0.545
0.545
3.440 2.730 3.120
3.100
2.561 1.383 1.970
1.890
0.200 0.070 0.080
0.080
2.059 1.249 1.520
1.490
0.665 0.390 0.475
0.460
2.703 0.937 1.450
1.440
0.775 0.335 0.455
0.435
9.500 5.900 6.710
6.650
0.600 0.400 0.495
0.470
5.740 4.286 5.050
4.900
0.520 0.330
—
—
0.600 0.390
—
—
9.636 8.130 8.480
8.310
0.605 0.384 0.550
0.545
0.784 0.405 0.620
0.605
0.605 0.420 0.475
0.470
0.205 0.110 0.125
0.120
0.075 0.030 0.040
0.040
0.115 0.045
—
—
0.475 0.220 0.375
0.335
0.360 0.110 0.315
0.285
0.105 0.060 0.065
0.060
4.250 3.180 3.820
3.820
0.740 0.330 0.595
0.570
0.808 0.502
—
—
0.590 0.350 0.495
0.495
0.889 0.652 0.860
0.845
0.430 0.175 0.350
0.325
0.805 0.500 0.550
0.550
1.650 1.090 1.250
1.250
2.100 1.640
—
—
1.340 0.605 0.840
0.830
0.110 0.060 0.095
0.090
1.894 0.779 1.400
1.400
0.665 0.325 0.650
0.640
2.930 2.090 2.700
2.690
2.600 1.040 1.930
1.860
1.170 0.810 0.860
0.840
0.600 0.210 0.485
0.450
0.200 0.070
—
—
0.645 0.100 0.295
0.280
0.705 0.454 0.550
0.550
1.120 0.647 1.060
1.050
1.300 0.890
—
—
0.090 0.050 0.085
0.085
7.511 5.096 6.450
6.400
1.740 1.580 1.610
1.580
0.735 0.381 0.620
0.620
6.180 3.923 6.000
5.950
0.330 0.090 0.105
0.105
23.160 19.769 21.440 21.100
7.310 2.590 5.310
5.260
14.100 5.460 13.340 13.240
1.350 0.766
—
—
3.169 1.362 3.070
3.000
0.650 0.430
—
—
0.480 0.340
—
—
1.170 0.650 0.840
0.840
0.380 0.300 0.315
0.315
0.625 0.400 0.565
0.555
1.180 0.450 1.140
1.120
0.190 0.105 0.110
0.105
1.700 1.360
—
—
0.950 0.690
—
—
6.330 5.480 5.970
5.960
0.505 0.224 0.490
0.450
0.960 0.633 0.780
0.770
CODE
7146
5198
2682
7609
9954
2674
4758
6556
9342
5568
5015
7214
7162
7099
7181
8133
7005
7187
0168
6297
5100
9938
7221
7188
5105
5229
7076
2879
7171
8435
8044
5007
5797
8052
7018
2852
7986
5071
7195
2127
5094
7157
5082
8125
8176
7114
5835
5835PA
5265
7169
1619
7233
8907
9016
7217
7773
5101
7249
2984
7229
0149
3107
5197
3611
7197
5220
7192
7096
5649
0136
7077
3247
5151
5168
7105
5095
3298
5072
5199
7033
8443
5165
2739
5000
9601
9687
7222
7183
7223
8648
2747
7043
7167
4383
0054
7199
6211
3522
5371
5060
9466
7164
6971
7017
7153
7130
3476
5192
8362
3794
9326
5092
5232
8745
3581
2887
4235
9881
5068
9199
5098
7029
8095
5152
3778
5223
8192
6149
5001
7219
5576
7595
5916
3883
7004
5087
7002
5025
4944
7140
5065
7225
5183
5271
9997
5436
5146
6033
3042
7095
7172
8869
6637
8117
8273
9458
9873
7168
7123
7544
7498
7765
7232
7803
COUNTER
AEM
AFUJIYA
AISB
AJIYA
AKNIGHT
ALCOM
ANCOM
ANNJOO
ANZO
APB
APM
ARANK
ASTINO
ATTA
ATURMJU
BHIC
BIG
BKOON
BOILERM
BOXPAK
BPPLAS
BRIGHT
BSLCORP
BTM
CANONE
CAP
CBIP
CCM
CENBOND
CEPCO
CFM
CHINWEL
CHOOBEE
CICB
CME
CMSB
CNASIA
COASTAL
COMCORP
COMFORT
CSCSTEL
CYL
CYMAO
DAIBOCI
DENKO
DNONCE
DOLMITE
DOLMITE-PA
DOLPHIN
DOMINAN
DRBHCOM
DUFU
EG
EKSONS
EMETALL
EPMB
EVERGRN
EWEIN
FACBIND
FAVCO
FIBON
FIMACOR
FLBHD
GBH
GESHEN
GLOTEC
GOODWAY
GPA
GPHAROS
GREENYB
GSB
GUH
HALEX
HARTA
HCK
HEVEA
HEXZA
HIAPTEK
HIBISCS
HIGHTEC
HIL
HOKHENG
HUAAN
HUMEIND
HWGB
IDEALUBB
IMASPRO
IRETEX
JADI
JASKITA
JAVA
JMR
JOHOTIN
JTIASA
KARYON
KEINHIN
KIALIM
KIANJOO
KIMHIN
KINSTEL
KKB
KNM
KOBAY
KOMARK
KOSSAN
KPOWER
KSENG
KSSC
KYM
LAFMSIA
LBALUM
LCTH
LEONFB
LEWEKO
LIONCOR
LIONDIV
LIONIND
LSTEEL
LUSTER
LYSAGHT
MASTEEL
MASTER
MAYPAK
MBL
MELEWAR
MENTIGA
MERCURY
METROD
MIECO
MINETEC
MINHO
MLGLOBAL
MSC
MUDA
MULTICO
MYCRON
NAKA
NWP
NYLEX
OKA
ORNA
PA
PCHEM
PECCA
PENSONI
PERSTIM
PERWAJA
PETGAS
PETRONM
PIE
PMBTECH
PMETAL
PNEPCB
POLY
PPHB
PREMIER
PRESTAR
PRG
PWORTH
QUALITY
RALCO
RAPID
RESINTC
RUBEREX
CLOSING
(RM)
0.160
0.430
0.370
3.210
0.150
0.855
0.350
1.050
0.275
1.120
3.700
0.810
0.650
0.520
0.995
1.560
0.550
0.110
1.040
2.470
1.670
0.300
0.230
0.225
3.810
0.055
2.170
0.900
1.520
1.560
1.150
1.660
1.490
0.720
0.050
3.420
0.155
1.580
0.695
0.725
1.330
0.935
0.380
2.100
0.370
0.250
0.350
0.510
0.675
1.150
0.930
0.570
0.880
1.130
0.465
0.595
1.150
0.955
1.020
2.740
0.485
2.220
2.070
1.400
1.480
0.045
0.225
0.095
0.335
0.255
0.100
0.850
0.485
4.300
2.780
1.210
0.865
0.385
0.180
1.130
0.845
0.310
0.025
3.110
0.060
0.810
2.140
0.250
0.095
0.150
0.100
1.100
1.960
1.300
0.180
0.940
0.545
3.110
1.950
0.080
1.490
0.460
1.440
0.450
6.670
0.490
4.950
0.385
0.400
8.460
0.545
0.605
0.475
0.120
0.040
0.050
0.340
0.305
0.060
3.820
0.580
0.640
0.495
0.855
0.340
0.550
1.250
1.850
0.840
0.090
1.400
0.640
2.700
1.890
0.840
0.460
0.075
0.285
0.550
1.050
0.960
0.085
6.430
1.580
0.620
5.950
0.105
21.280
5.280
13.300
1.100
3.010
0.510
0.340
0.840
0.315
0.560
1.140
0.110
1.470
0.855
5.970
0.480
0.770
+/–
(RM)
VOL
(‘000)
VWAP*
(RM)
PE#
(X)
DY
(%)
0.015 20607.8
-0.030
58
0.005
152.5
UNCH
4
—
—
-0.010
40
—
—
-0.020
252.9
-0.005 8774.2
—
—
-0.010
48.3
-0.015
747.8
0.010
139.1
-0.030
1.6
0.210
1739
—
—
0.005
10.1
-0.005
6
0.040
733.8
UNCH
2.5
0.070 1211.2
-0.005
129.8
—
—
0.015 2024.4
-0.120
231.8
0.005
809
-0.020
123.4
-0.020
16
-0.030
12
—
—
—
—
-0.010
116.7
-0.020
6
—
—
UNCH
900
0.130 3684.3
—
—
UNCH
76.7
-0.015 2678.6
-0.005
132.8
-0.060 1257.5
0.015
65.7
—
—
UNCH
18.2
-0.010
179.6
0.010 7834.2
-0.005
81
—
—
UNCH
30
0.010
30.9
0.005
904.6
0.015 6455.6
0.040 3186.9
—
—
0.080 2325.3
—
—
-0.010 2905.7
UNCH
80.1
0.020
4
UNCH
147.7
-0.020
244.9
UNCH
5
-0.270 6529.7
-0.040
3
-0.010
48.5
UNCH 1700.7
-0.005
154.2
0.010 3254.7
—
—
-0.010
336.1
0.010
717
0.010
24.5
UNCH
88
0.030
1636
-0.070
50
-0.010
690.4
UNCH
30
-0.025 7353.6
-0.010 1287.5
—
—
-0.005
44.2
—
—
UNCH 2989.7
0.030
541
UNCH
95
—
—
0.010
288
0.005
41.2
UNCH 1912.5
0.005 1363.2
—
—
—
—
0.030
311.6
0.030 1459.7
-0.010 2258.1
0.030
73.4
0.005
30
-0.010
467.6
-0.050
50
UNCH 1873.4
-0.040
144.7
-0.005 21637.9
-0.010
11.8
-0.015 1298.4
0.020 1162.2
-0.005
13.5
-0.050
49.6
—
—
—
—
0.160
138.4
-0.015
72
UNCH 1589.5
UNCH
306.4
UNCH
113.2
-0.005
194
—
—
-0.035 7771.3
0.020
181
-0.005
309
-0.030
1
-0.005
598.6
—
—
UNCH
10.1
UNCH
169.8
UNCH 2313.9
-0.010
4.9
-0.100
5
—
—
0.005
197.4
-0.005 1758.4
0.010
23
-0.005
514.2
-0.010
45
-0.060
10.8
-0.005
20.1
-0.005 1384.8
—
—
-0.015 2181.4
UNCH
10
UNCH
75.9
—
—
UNCH
750
0.030 6435.3
-0.040 2685.6
-0.010
42.3
0.030
12.6
UNCH
165
-0.040
453.5
-0.020
179.6
UNCH
8.3
—
—
-0.050
353.7
—
—
—
—
-0.010
20
UNCH
1.5
-0.005
182
0.020
299
UNCH
625.5
—
—
—
—
UNCH
518.9
0.030 1432.7
-0.005
46.1
0.151
0.430
0.371
3.210
—
0.859
—
1.038
0.281
—
3.700
0.824
0.649
0.520
0.913
—
0.535
0.110
1.040
2.470
1.642
0.305
—
0.229
3.850
0.051
2.158
0.900
1.525
—
—
1.663
1.490
—
0.050
3.383
—
1.577
0.705
0.728
1.365
0.916
—
2.082
0.375
0.252
0.349
—
0.675
1.134
0.931
0.571
0.867
—
0.435
—
1.151
0.942
1.030
2.727
0.487
2.220
2.075
1.400
1.480
0.045
0.230
0.096
—
0.257
0.094
0.847
0.484
4.292
2.814
1.214
0.862
0.399
0.181
—
0.848
—
0.029
3.110
0.060
—
2.145
0.250
0.095
0.148
—
—
1.977
1.281
0.178
0.933
0.545
3.110
1.903
0.080
1.507
0.468
1.449
0.441
6.672
0.485
4.970
—
—
8.430
0.545
0.612
0.472
0.120
0.040
—
0.349
0.297
0.065
3.820
0.582
—
0.495
0.852
0.340
0.550
1.250
—
0.832
0.091
1.400
0.641
2.691
1.891
0.844
0.469
—
0.286
0.550
1.058
—
0.085
6.427
1.594
0.620
5.979
0.105
21.292
5.283
13.317
—
3.015
—
—
0.840
0.315
0.561
1.128
0.105
—
—
5.966
0.475
0.773
—
26.71
—
10.13
—
24.57
129.63
—
—
10.19
11.97
7.68
9.53
1.72
—
—
10.93
—
17.87
16.01
14.18
—
—
—
8.52
1.39
11.81
13.80
12.27
4.67
—
8.13
27.39
—
—
19.15
—
6.09
7.00
14.62
9.45
15.77
—
24.68
8.83
208.33
218.75
—
2.61
8.35
—
9.15
4.54
—
12.74
23.90
9.80
16.19
14.39
6.31
9.96
10.63
6.73
3.41
9.50
—
—
—
—
13.42
—
22.61
—
27.35
13.13
6.89
10.61
—
—
7.39
13.59
26.72
—
23.87
—
—
17.15
—
12.67
29.41
—
59.78
10.57
19.67
15.13
9.28
12.59
10.52
7.90
—
—
15.65
7.73
—
21.05
—
13.20
19.74
—
28.58
10.81
8.72
7.97
—
—
—
—
—
—
9.74
—
11.87
—
11.65
141.67
17.30
8.92
8.30
9.46
—
9.22
5.64
11.75
21.98
—
5.15
—
—
15.32
9.74
10.12
—
19.02
—
4.12
10.69
—
21.22
6.46
20.86
11.03
21.27
—
8.21
6.49
76.83
9.18
27.14
20.37
15.26
14.57
—
9.92
11.86
—
—
—
1.87
—
5.85
—
2.86
—
5.80
5.27
2.78
3.00
—
—
—
—
—
1.68
—
2.99
—
—
—
1.05
—
2.76
4.17
3.95
—
—
4.72
4.03
2.43
—
1.32
—
2.53
—
—
6.02
6.42
—
2.80
—
—
—
—
—
3.16
6.45
5.44
—
—
—
1.68
0.87
0.52
2.45
5.47
2.16
5.63
7.25
10.71
—
—
—
—
—
2.94
—
5.88
—
1.86
—
2.27
5.20
0.78
—
3.10
1.78
—
—
0.96
—
—
1.64
—
—
2.00
—
2.73
2.04
0.77
2.22
1.06
—
0.64
3.08
—
2.68
—
2.08
—
1.80
—
2.02
2.08
—
3.66
3.67
6.61
3.16
—
—
—
—
—
—
3.93
1.12
1.56
—
3.51
—
1.82
4.80
3.24
—
—
—
—
—
1.59
—
—
—
—
3.64
2.86
2.60
—
2.80
—
5.65
6.39
—
2.82
3.79
0.90
3.64
2.49
—
—
—
—
3.57
0.88
—
—
—
—
5.21
3.90
MKT CAP
(MIL)
38.8
77.4
48.8
244.4
8.7
114.9
76.6
548.8
81.5
126.4
745.9
97.2
178.2
36.8
60.8
387.6
26.5
30.4
536.6
148.3
313.4
49.3
22.5
28.2
732.1
74.9
1,168.0
411.9
182.4
69.8
47.2
497.2
163.8
33.0
22.1
3,674.4
7.0
839.9
97.3
405.1
505.4
93.5
28.5
573.8
38.7
45.1
94.1
6.3
149.9
189.8
1,797.9
100.0
186.2
185.6
79.6
98.7
973.4
211.9
86.9
602.6
47.5
544.5
213.6
261.2
118.4
242.2
24.9
93.1
45.1
85.1
52.8
236.2
51.4
7,056.4
154.1
550.7
173.3
276.6
208.6
45.9
235.5
24.8
28.1
1,490.0
54.4
89.5
171.2
33.3
89.5
67.4
17.3
139.5
182.9
1,265.8
85.6
93.1
33.8
1,381.4
303.5
83.9
384.1
991.8
98.0
56.1
4,265.3
27.6
1,789.3
37.0
60.0
7,188.4
135.4
217.8
147.3
38.6
52.6
69.6
244.1
39.0
103.9
158.8
141.8
35.0
20.8
78.7
77.1
38.5
50.2
222.0
176.4
59.9
153.8
57.4
270.0
576.5
37.3
130.4
4.2
91.2
106.9
166.3
72.2
80.5
51,440.0
297.0
80.4
590.9
58.8
42,107.4
1,425.6
1,021.6
88.0
3,911.7
67.1
54.4
92.3
106.2
102.0
168.8
72.0
85.2
35.9
522.1
65.9
176.5
T U ESDAY M AY 24, 2 0 16 • TH EEDGE F I N AN C I AL DAI LY
26 Markets
T UE
BURSA MAL AYSIA MAIN MARKET
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
4.200 3.154 3.860
3.800
8.280 3.537 6.500
6.340
1.243 0.777 1.000
0.990
1.870 1.130 1.440
1.420
3.248 1.644 2.990
2.950
1.030 0.700 0.700
0.700
13.600 6.526 12.960 12.700
0.795 0.280 0.310
0.305
0.380 0.230 0.230
0.230
1.350 0.526 0.900
0.875
0.370 0.225 0.230
0.230
0.770 0.290
—
—
6.350 2.600 3.070
3.070
0.695 0.365 0.485
0.470
0.700 0.480
—
—
1.556 0.935 1.310
1.300
2.388 0.998 2.300
2.300
0.850 0.610 0.740
0.740
1.170 0.690 0.985
0.950
0.430 0.200 0.360
0.360
2.240 1.500
—
—
2.504 1.276 2.190
2.150
2.320 1.145 2.000
1.960
3.534 1.870 2.670
2.620
5.750 3.126 4.000
3.950
0.440 0.240 0.360
0.355
0.830 0.370 0.390
0.375
15.260 13.376 14.960 14.840
15.240 14.372
—
—
0.190 0.080 0.150
0.145
0.455 0.215 0.420
0.400
2.210 0.700
—
—
1.720 0.685
—
—
0.495 0.220 0.350
0.335
3.530 1.650 3.110
3.050
3.260 1.562 2.380
2.340
0.800 0.630 0.630
0.630
2.929 1.496 2.610
2.530
2.300 1.660 2.060
2.030
7.030 4.870 5.280
5.120
0.745 0.520
—
—
0.270 0.140 0.240
0.205
1.770 1.360 1.730
1.710
5.569 2.749 5.350
5.300
1.332 0.681
—
—
1.450 0.610 1.450
1.340
1.633 1.130 1.250
1.220
1.408 0.715 0.730
0.725
0.400 0.275
—
—
2.150 1.377 1.640
1.590
2.865 1.609 2.430
2.430
0.670 0.490
—
—
0.580 0.405 0.490
0.445
2.407 2.054
—
—
1.550 0.895 1.160
1.130
1.481 0.830 0.995
0.975
1.080 0.790 0.920
0.915
0.300 0.160 0.210
0.210
0.800 0.510 0.570
0.570
CONSTRUCTION
0.560 0.260
—
—
0.185 0.100 0.125
0.120
0.775 0.505 0.740
0.730
0.894 0.511 0.660
0.630
0.775 0.485 0.510
0.485
0.539 0.330 0.385
0.370
1.044 0.847 0.890
0.885
1.158 0.840 0.950
0.935
1.859 1.540
—
—
1.410 0.753 1.330
1.310
1.740 0.835 1.730
1.700
0.625 0.330 0.590
0.580
2.580 1.100 2.080
2.050
5.031 3.665 4.780
4.700
1.295 0.780 0.910
0.885
1.390 0.780 0.840
0.830
1.260 1.260
—
—
1.340 1.290
—
—
2.140 1.601 1.760
1.710
3.640 2.844 3.550
3.490
0.835 0.540 0.780
0.760
0.806 0.480 0.550
0.550
1.280 0.650 0.940
0.910
0.410 0.195 0.220
0.210
2.000 1.170 1.960
1.900
1.050 0.740 0.925
0.910
1.960 1.050 1.780
1.760
1.540 1.090
—
—
1.287 0.663 0.825
0.790
0.450 0.320 0.325
0.320
1.390 1.020 1.360
1.340
0.370 0.190
—
—
1.520 0.840 1.200
1.190
2.622 1.497 2.260
2.200
0.675 0.355 0.370
0.365
1.489 1.160
—
—
1.908 1.366 1.700
1.680
0.200 0.110 0.120
0.120
3.997 2.905 3.500
3.500
1.050 0.660
—
—
1.720 0.954 1.630
1.580
0.515 0.330 0.370
0.360
0.525 0.265 0.470
0.455
1.740 0.845 1.630
1.580
0.792 0.438 0.530
0.530
1.760 1.083 1.700
1.670
0.865 0.555 0.715
0.705
0.385 0.180 0.205
0.180
TRADING SERVICES
0.415 0.150 0.410
0.380
0.543 0.270 0.320
0.295
3.300 2.470 2.770
2.740
0.235 0.135 0.225
0.220
2.380 0.765 2.340
2.270
6.915 4.187 6.370
6.170
0.680 0.340 0.365
0.360
0.095 0.080 0.085
0.080
10.609 8.984 9.080
9.000
2.780 1.518
—
—
0.345 0.045 0.055
0.050
1.308 0.700 0.720
0.705
0.170 0.105 0.130
0.125
3.046 2.385 2.770
2.690
5.300 4.160 5.250
5.200
0.770 0.285 0.765
0.735
6.757 5.260 5.440
5.320
0.350 0.203 0.290
0.270
1.060 0.670 0.680
0.670
0.599 0.335 0.445
0.435
0.450 0.195 0.250
0.245
7.128 6.292
—
—
1.480 1.080 1.470
1.350
2.725 1.740 2.330
2.280
0.440 0.336 0.365
0.360
2.727 1.810 1.970
1.900
0.855 0.610 0.700
0.690
0.480 0.330
—
—
3.427 2.823 3.030
2.990
0.215 0.119 0.145
0.140
1.170 0.555 0.985
0.970
3.980 3.000 3.090
3.060
1.020 0.445 0.450
0.450
2.140 0.990 1.760
1.740
3.872 2.168 3.320
3.260
1.079 0.705 0.815
0.800
0.508 0.332 0.470
0.460
0.600 0.400
—
—
0.105 0.060 0.080
0.075
1.030 0.650 0.785
0.760
0.055 0.040 0.045
0.040
2.040 1.356 1.980
1.950
0.125 0.075 0.080
0.075
2.550 0.990 1.130
1.090
1.519 0.870 1.170
1.150
0.685 0.480 0.605
0.590
1.679 1.284 1.570
1.550
5.193 3.530 3.870
3.850
1.697 0.977 1.270
1.240
0.395 0.240 0.290
0.265
1.476 0.738 1.150
1.100
0.450 0.210
—
—
0.320 0.195 0.225
0.220
3.980 2.718 3.980
3.630
0.366 0.178 0.295
0.285
* Volume Weighted Average Price
CODE
COUNTER
CLOSING
(RM)
+/–
(RM)
VOL
(‘000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
YEAR
HIGH
1.097
1.567
1.450
1.380
0.802
0.640
1.519
0.340
0.370
2.794
1.800
4.640
9.900
1.880
0.503
2.690
0.070
0.410
7.930
1.412
3.458
0.015
0.580
6.790
0.882
1.540
0.335
1.980
0.455
0.450
1.971
0.384
1.905
4.379
1.499
0.650
0.325
0.420
0.350
0.735
1.940
2.666
1.833
0.175
7.034
1.119
3.410
1.540
0.750
0.950
2.306
1.380
9.171
2.646
0.540
0.125
0.210
0.371
2.380
0.945
0.120
0.973
0.840
1.706
0.145
2.750
0.496
0.715
1.960
1.410
0.125
1.381
1.570
0.505
0.240
7.047
26.089
0.250
6.998
0.265
0.415
4.904
3.259
3.310
1.150
0.200
0.450
0.873
0.917
0.660
0.160
2.450
0.250
0.420
1.310
1.404
1.747
8.808
0.900
2.767
1.530
2.470
3.202
0.215
2.658
0.440
1.662
2.191
14.496
1.850
0.505
0.285
7.337
0.815
1.500
0.550
2.858
1.244
2.989
2.060
1.430
0.700
2.600
0.815
3.000
0.545
4.541
1.438
0.080
3.236
0.920
1.710
FINANCE
14.260
2.771
4.631
13.100
12.680
6.176
1.970
4.148
8.950
5.810
0.500
1.313
13.760
10.100
15.800
2.640
0.937
0.930
0.195
2.690
0.749
15.804
1.280
3.080
8.886
1.884
4.180
1.950
1.455
19.380
0.960
5134
9822
7811
5170
7247
9237
4731
7239
7366
7073
5145
5163
4324
5181
7115
7155
7248
7132
5665
7143
6904
7207
7235
7106
5012
4022
5149
4448
4448P
5178
7097
7439
9741
6378
7034
7374
7854
7285
5010
7113
7173
4359
7100
7133
7227
4995
6963
5142
7226
7111
7231
7050
7025
5009
4243
7245
5048
7020
7014
SAB
SAM
SAPIND
SCABLE
SCGM
SCIB
SCIENTX
SCNWOLF
SCOMIEN
SEACERA
SEALINK
SEB
SHELL
SIGGAS
SKBSHUT
SKPRES
SLP
SMISCOR
SSTEEL
STONE
SUBUR
SUCCESS
SUPERLN
SUPERMX
TAANN
TADMAX
TAS
TASEK
TASEK-PA
TATGIAP
TAWIN
TECGUAN
TECNIC
TEKALA
TGUAN
TIENWAH
TIMWELL
TOMYPAK
TONGHER
TOPGLOV
TOYOINK
TURIYA
UCHITEC
ULICORP
UMSNGB
VERSATL
VS
WASEONG
WATTA
WEIDA
WELLCAL
WONG
WOODLAN
WTHORSE
WTK
WZSATU
YILAI
YKGI
YLI
3.830
6.410
1.000
1.430
2.990
0.700
12.820
0.310
0.230
0.890
0.230
0.315
3.070
0.470
0.660
1.310
2.300
0.740
0.950
0.360
1.570
2.190
2.000
2.660
3.970
0.355
0.385
14.840
15.240
0.150
0.400
1.270
1.350
0.340
3.070
2.380
0.630
2.580
2.060
5.280
0.610
0.220
1.710
5.350
1.130
1.410
1.250
0.725
0.290
1.590
2.430
0.500
0.480
2.200
1.150
0.975
0.920
0.210
0.570
-0.030
-0.030
UNCH
-0.010
0.020
-0.005
0.080
0.005
-0.005
-0.005
0.005
—
0.010
-0.015
—
0.010
UNCH
UNCH
-0.040
-0.005
—
0.020
0.040
0.030
UNCH
-0.015
-0.005
-0.020
—
UNCH
-0.040
—
—
0.005
-0.010
0.040
UNCH
UNCH
0.040
0.110
—
0.010
0.010
0.100
—
0.090
0.020
UNCH
—
-0.050
-0.060
—
UNCH
—
UNCH
-0.025
UNCH
-0.010
-0.020
15.6
97.9
8.5
326.2
155.3
30
66
63
91.3
336.4
13
—
27.2
102
—
2961.3
42
0.1
25.5
40
—
1.5
32.5
2224
1677.5
468.1
158
4.6
—
488.6
187
—
—
110
116.3
1136.9
7.5
367.2
17.8
2913.7
—
982.5
81.7
79.6
—
841.5
3527.8
170.9
—
26.2
1
—
30.3
—
450.6
146.6
70
300.9
20
3.844 19.46
6.385
8.95
0.999
9.41
1.438 11.58
2.971 16.84
0.700 212.12
12.814 13.33
0.310
—
0.230 15.54
0.883 58.17
0.230
—
—
—
3.070
2.51
0.477 13.74
—
—
1.306 19.10
2.300 20.87
0.740 82.22
0.957
—
0.360
—
—
—
2.163
9.39
1.968
9.80
2.646 14.25
3.976
7.81
0.358
2.35
0.383
—
14.861 19.95
—
—
0.149
—
0.409 56.34
—
6.62
—
0.58
0.341
—
3.079
8.45
2.348
6.76
0.630 51.22
2.558 12.20
2.038
—
5.206 16.11
— 138.64
0.221 28.95
1.721 13.14
5.331 26.28
—
9.36
1.397
—
1.235 20.16
0.726 59.43
—
—
1.609
7.67
2.430 20.32
—
—
0.453 33.57
— 14.75
1.146
9.22
0.985 13.39
0.917 15.46
0.210
—
0.570
—
1.31
1.86
6.00
4.20
3.68
—
1.72
—
—
3.37
—
6.35
—
2.55
—
1.50
1.30
3.38
—
—
—
3.65
2.50
1.50
3.78
—
—
7.41
7.22
—
—
—
—
—
2.93
7.56
—
4.07
4.85
1.89
1.64
—
6.43
2.24
2.65
—
4.72
4.14
—
1.89
3.79
—
—
4.55
1.59
1.71
2.17
—
—
524.5
553.3
72.8
453.4
394.7
51.5
2,954.7
27.1
78.7
168.7
115.0
25.2
921.0
88.1
26.4
1,481.5
568.9
33.2
398.4
32.4
328.1
262.8
160.0
1,809.2
1,471.8
158.1
69.3
1,834.5
5.1
23.3
25.7
50.9
54.5
52.0
323.2
229.7
56.1
282.4
262.5
6,624.7
65.3
50.3
679.1
776.8
90.4
165.4
1,461.0
561.8
24.5
212.0
805.9
45.8
19.2
528.0
553.5
325.5
147.2
73.2
57.8
7007
7070
7078
6173
5190
5932
8761
8591
7528
5253
8877
7047
9261
5398
5226
5169
5169PA
5169PB
6238
3336
5268
8834
4723
9083
7161
3565
5171
9628
5129
5006
9571
5924
5085
5703
8311
7055
5070
7145
9598
5205
5263
9717
5054
5622
5042
9679
7028
2283
ARK
ASUPREM
AZRB
BDB
BENALEC
BPURI
BREM
CRESBLD
DKLS
ECONBHD
EKOVEST
FAJAR
GADANG
GAMUDA
GBGAQRS
HOHUP
HOHUP-PA
HOHUP-PB
HSL
IJM
IKHMAS
IREKA
JAKS
JETSON
KERJAYA
KEURO
KIMLUN
LEBTECH
MELATI
MERGE
MITRA
MTDACPI
MUDAJYA
MUHIBAH
PESONA
PLB
PRTASCO
PSIPTEK
PTARAS
SENDAI
SUNCON
SYCAL
TRC
TRIPLC
TSRCAP
WCT
ZECON
ZELAN
0.300
0.120
0.730
0.660
0.510
0.370
0.890
0.950
1.800
1.310
1.710
0.585
2.060
4.770
0.895
0.840
1.260
1.290
1.730
3.500
0.780
0.550
0.915
0.220
1.950
0.920
1.780
1.540
0.825
0.325
1.340
0.250
1.200
2.240
0.365
1.360
1.690
0.120
3.500
0.675
1.620
0.360
0.460
1.620
0.530
1.700
0.705
0.185
—
-0.005
0.005
0.005
0.025
UNCH
-0.005
UNCH
—
-0.020
UNCH
-0.005
UNCH
0.010
0.015
UNCH
—
—
-0.020
UNCH
0.010
-0.010
-0.020
UNCH
0.030
-0.005
0.010
—
0.020
-0.025
-0.010
—
UNCH
0.040
UNCH
—
-0.010
UNCH
UNCH
—
0.030
-0.010
0.005
0.020
-0.005
UNCH
-0.010
-0.025
—
305.5
5307.7
9
942
3166.5
64.7
78.6
—
338.1
868.9
266
276
2071.9
380.3
131.9
—
—
983.4
2384.1
492.1
25
319.2
107.5
192.4
249.8
95.6
—
8
37.2
1700.1
—
176.5
410.3
236.2
—
817.8
79
2
—
1212.5
381.7
385.8
202.7
45
884.7
147.2
7758.8
— 17.34
0.122
—
0.733 15.40
0.635
7.68
0.503 340.00
0.374 20.67
0.890 17.21
0.941 14.62
—
6.70
1.321 11.87
1.713 63.57
0.585 30.79
2.061
5.06
4.763 17.99
0.895
—
0.833
4.12
—
—
—
—
1.723 12.47
3.524 14.39
0.765 13.43
0.550
—
0.918
9.67
0.215 22.22
1.938 10.99
0.917 920.00
1.767
7.38
—
—
0.816
7.89
0.323
7.59
1.341 10.15
—
—
1.194
—
2.232 12.13
0.365 18.72
— 28.87
1.689
8.48
0.120 20.00
3.500 16.36
—
9.44
1.607 16.48
0.362
7.03
0.460
7.28
1.612 12.69
0.530 18.73
1.688
9.47
0.709
—
0.189
5.12
—
—
2.74
6.06
0.59
5.41
3.37
4.21
1.67
1.91
1.17
2.14
2.43
2.52
—
—
1.98
1.16
1.39
2.43
1.28
—
—
—
1.54
—
3.26
—
2.12
—
3.73
—
—
2.23
2.74
3.68
5.33
—
5.43
0.74
2.47
—
1.41
—
1.68
1.76
—
—
13.8
35.0
353.0
200.5
414.0
88.5
307.5
168.1
166.9
700.9
1,462.8
212.2
532.8
11,512.1
349.9
292.7
9.9
23.9
1,008.0
12,559.7
405.6
94.0
401.1
41.4
518.4
922.5
535.0
210.2
99.0
21.8
861.7
57.9
662.9
1,062.0
238.7
124.1
573.0
38.0
572.3
522.5
2,094.5
115.3
221.0
107.5
92.5
2,138.2
84.0
156.3
5238
5166
6599
7315
5099
5014
5115
0159
6351
7083
5194
5210
1481
6399
7048
7579
6888
5021
7251
7241
6998
5032
5275
5248
3395
5196
4219
6025
1562
7036
9474
2771
5257
5245
2925
7117
7209
7016
5104
5136
5037
5184
0091
5141
5132
7212
7277
5908
5216
2097
5259
5036
7471
1368
0064
AAX
AEGB
AEON
AHB
AIRASIA
AIRPORT
ALAM
AMEDIA
AMWAY
ANALABS
APFT
ARMADA
ASB
ASTRO
ATLAN
AWC
AXIATA
AYS
BARAKAH
BHS
BINTAI
BIPORT
BISON
BJAUTO
BJCORP
BJFOOD
BJLAND
BJMEDIA
BJTOTO
BORNOIL
BRAHIMS
BSTEAD
CARIMIN
CARING
CCB
CENTURY
CHEETAH
CHUAN
CNI
COMPLET
COMPUGT
CYPARK
DAYA
DAYANG
DELEUM
DESTINI
DIALOG
DKSH
DSONIC
EASTLND
EATECH
EDARAN
EDEN
EDGENTA
EFFICEN
0.390
0.315
2.760
0.225
2.310
6.310
0.360
0.085
9.000
2.150
0.050
0.715
0.130
2.690
5.250
0.760
5.370
0.270
0.675
0.440
0.245
7.000
1.450
2.300
0.365
1.960
0.700
0.405
2.990
0.145
0.985
3.080
0.450
1.760
3.320
0.815
0.460
0.430
0.080
0.760
0.045
1.980
0.080
1.100
1.150
0.605
1.560
3.850
1.240
0.290
1.130
0.275
0.220
3.700
0.295
-0.015
0.030
-0.020
UNCH
-0.020
0.110
-0.010
0.005
-0.080
—
UNCH
UNCH
0.005
-0.050
UNCH
0.025
-0.040
0.005
-0.005
-0.005
UNCH
—
0.070
0.010
UNCH
0.060
UNCH
—
UNCH
UNCH
0.005
-0.010
UNCH
UNCH
0.020
0.015
UNCH
—
UNCH
UNCH
UNCH
0.010
UNCH
-0.020
-0.010
0.015
UNCH
-0.010
-0.030
0.010
0.060
—
-0.005
-0.020
UNCH
83192.7
4687.3
1878.4
860.7
18587.9
372.1
1165.3
312
36
—
731
12384.2
4130.3
1445.2
2
11537.1
5109.2
2.5
811.5
470.9
63
—
1408.4
4081.8
5124.5
136.7
10
—
581
2960.6
91
43.7
15
8
3.1
454.2
171.9
—
3
37.7
3723
358.2
376
966.5
48
396.5
4901.3
12.3
717.5
61.6
191.8
—
395.7
14
1062.2
0.394
—
0.310
—
2.757 34.37
0.223 24.19
2.306 11.92
6.300
—
0.362
6.67
0.085
—
9.016 32.77
— 10.21
0.050
—
0.712
—
0.130
—
2.721 22.89
5.225 30.92
0.750 22.42
5.365 18.19
0.271
7.12
0.677 28.13
0.437
—
0.245
—
— 25.24
1.434
—
2.305 13.20
0.363
—
1.947 38.66
0.697
—
—
—
3.001 14.42
0.144 19.08
0.980
—
3.082 258.82
0.450
—
1.750 53.33
3.300
6.08
0.806
9.43
0.461 31.72
—
—
0.078
—
0.764 24.52
0.045 75.00
1.966
9.44
0.077
—
1.102
5.60
1.153 10.67
0.597 23.27
1.559 28.47
3.862 16.48
1.249 32.80
0.289
7.92
1.115 14.52
—
—
0.221
—
3.720 15.75
0.290
4.21
—
31.75
1.45
—
1.73
1.35
—
—
3.89
1.40
—
1.15
1.92
4.46
5.24
—
4.10
3.70
2.96
—
—
3.14
—
4.20
2.74
1.66
—
—
5.51
—
—
6.06
—
1.14
1.51
4.91
1.63
1.33
3.75
3.95
—
2.53
—
6.36
4.78
—
1.41
2.47
1.61
—
1.99
—
—
4.05
—
1,617.8
129.1
3,875.0
36.0
6,428.7
10,469.5
332.8
20.4
1,479.5
129.1
21.7
4,194.4
86.3
14,001.5
1,331.7
197.3
47,380.1
102.7
556.8
184.4
52.6
3,220.0
449.6
2,637.9
1,705.7
741.4
3,500.2
95.2
4,039.6
431.1
232.7
4,459.4
105.2
383.2
334.5
311.6
58.7
72.5
57.6
93.1
96.0
492.4
138.9
964.8
460.0
573.8
8,201.2
607.0
1,674.0
71.2
569.5
16.5
68.5
3,077.0
209.2
# PE is calculated based on latest 12 months reported Earnings Per Share
YEAR
LOW
DAY
HIGH
DAY
LOW
0.810
—
—
1.047 1.320
1.310
0.710 1.340
1.330
0.970 1.160
1.150
0.481 0.605
0.600
0.425 0.460
0.435
1.160 1.160
1.160
0.145 0.160
0.155
0.110
—
—
1.892 2.370
2.330
0.815 1.550
1.510
3.722 4.330
4.230
6.510 8.570
8.410
1.034 1.680
1.670
0.380 0.415
0.415
1.773 2.580
2.560
0.060
—
—
0.265 0.280
0.280
4.337 7.900
7.790
1.100 1.120
1.110
2.800 3.100
3.080
0.005 0.010
0.005
0.250 0.375
0.370
5.320 6.620
6.490
0.683
—
—
0.920 1.000
0.975
0.205 0.265
0.250
1.450 1.800
1.780
0.315 0.325
0.325
0.290
—
—
1.638 1.840
1.820
0.230
—
—
1.250 1.410
1.400
3.904 4.280
4.220
0.955 1.000
0.990
0.350 0.590
0.580
0.170 0.180
0.175
0.235 0.325
0.295
0.180
—
—
0.500
—
—
0.969 1.640
1.630
2.320 2.350
2.340
1.151 1.610
1.600
0.135 0.160
0.155
5.360 5.460
5.360
0.510 0.835
0.790
1.914 2.170
2.150
0.997 1.440
1.390
0.484 0.740
0.730
0.650
—
—
1.654 1.720
1.710
0.875 1.180
1.160
6.880 7.550
7.360
1.490 2.160
2.100
0.330 0.380
0.375
0.060 0.065
0.065
0.155 0.185
0.170
0.236 0.260
0.255
1.241 2.030
1.990
0.560
—
—
0.065 0.080
0.080
0.660
—
—
0.583 0.825
0.805
1.207 1.410
1.380
0.085 0.100
0.100
1.646 2.200
2.180
0.378 0.465
0.440
0.445 0.565
0.560
0.865 0.900
0.890
0.896 1.120
1.120
0.055 0.075
0.065
0.816 1.280
1.270
1.400
—
—
0.230 0.255
0.250
0.135 0.180
0.170
4.718 6.930
6.780
18.351 23.660 22.820
0.030
—
—
5.176 5.700
5.570
0.155 0.170
0.170
0.205 0.275
0.255
2.040 2.810
2.770
1.559 2.300
2.180
2.410 2.570
2.570
1.000 1.050
1.020
0.100 0.160
0.155
0.340 0.430
0.360
0.545 0.640
0.635
0.591 0.750
0.750
0.420 0.455
0.455
0.090 0.125
0.120
1.543 2.350
2.230
0.135 0.185
0.180
0.195 0.220
0.215
0.968
—
—
1.200 1.220
1.200
1.293 1.370
1.330
6.485 7.510
7.390
0.720 0.720
0.720
1.360 1.620
1.590
1.310 1.360
1.340
2.206 2.430
2.430
2.380 2.400
2.400
0.100 0.115
0.110
1.877 2.200
2.190
0.330 0.350
0.345
1.192 1.440
1.420
1.471 1.590
1.570
10.030 14.080 13.920
1.229 1.630
1.610
0.300 0.330
0.330
0.115 0.125
0.115
5.792 6.700
6.600
0.460 0.790
0.770
0.882 1.250
1.230
0.330
—
—
2.720
—
—
0.900 0.960
0.940
2.218
—
—
0.860 0.915
0.905
1.130 1.230
1.180
0.500
—
—
1.560 1.950
1.850
0.370 0.685
0.670
2.130
—
—
0.410 0.410
0.410
3.566 4.320
4.210
0.744 1.000
0.995
0.025 0.035
0.035
2.310 2.750
2.670
0.435 0.920
0.880
1.349 1.610
1.590
10.780
2.028
3.070
9.770
9.650
4.126
1.370
3.170
7.329
3.841
0.310
1.192
11.509
7.327
12.153
1.778
0.572
0.851
0.105
1.750
0.460
13.847
0.624
2.650
7.901
1.180
2.820
1.290
1.209
16.745
0.727
13.600
2.200
4.000
10.000
—
4.390
1.660
3.960
8.550
4.400
0.370
1.250
13.280
—
15.140
—
0.675
0.910
0.130
2.690
—
15.400
1.160
—
8.500
1.210
—
1.430
—
19.300
0.760
13.400
2.200
3.910
10.000
—
4.340
1.660
3.890
8.490
4.330
0.365
1.240
13.160
—
14.840
—
0.660
0.900
0.125
2.690
—
15.360
1.150
—
8.410
1.180
—
1.410
—
19.040
0.750
CODE
5081
5208
7189
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
4464
5533
0172
5201
3018
5260
8419
5125
5657
5041
6254
5133
7108
0047
7080
5219
5681
7027
7081
7201
7163
4634
5204
8346
5272
0037
8885
8567
5147
7185
9113
0099
7158
7045
7053
9792
5250
4197
9431
5218
5242
6084
9865
1201
6521
5173
8524
5140
5347
8702
7228
7206
4863
0101
8397
7218
5711
5167
7137
5243
7091
5754
7250
7240
5016
7692
5246
5267
7122
7293
7066
4677
5139
5185
2488
1163
1163PA
1015
5088
5258
1818
1023
2143
5228
5819
5274
1082
6688
3379
3379PA
3441
5096
6483
8621
1198
1058
1155
1171
6459
5237
6009
1295
9296
COUNTER
CLOSING
(RM)
+/–
(RM)
VOL
(‘000)
EIG
EITA
EKIB
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
NICORP
OCB
OCK
OLDTOWN
OLYMPIA
OWG
PANSAR
PANTECH
PARKSON
PBA
PDZ
PENERGY
PERDANA
PERISAI
PERMAJU
PESTECH
PETDAG
PETONE
PHARMA
PICORP
PJBUMI
POS
PRESBHD
PRKCORP
RANHILL
RGB
RPB
SALCON
SAMCHEM
SAMUDRA
SANBUMI
SCICOM
SCOMI
SCOMIES
SEEHUP
SEG
SEM
SIME
SJC
SKPETRO
SOLID
STAR
SUIWAH
SUMATEC
SURIA
SYSCORP
TALIWRK
TASCO
TENAGA
TEXCHEM
TGOFFS
THHEAVY
TM
TMCLIFE
TNLOGIS
TOCEAN
TSTORE
TURBO
UMS
UMWOG
UNIMECH
UTUSAN
UZMA
VOIR
WARISAN
WIDETEC
WPRTS
XINHWA
YFG
YINSON
YONGTAI
YTL
0.880
1.310
1.330
1.160
0.605
0.450
1.160
0.155
0.220
2.360
1.540
4.330
8.570
1.670
0.415
2.580
0.065
0.280
7.800
1.120
3.080
0.010
0.375
6.620
0.810
1.000
0.255
1.800
0.325
0.330
1.830
0.260
1.410
4.280
0.990
0.585
0.175
0.325
0.305
0.670
1.640
2.350
1.610
0.155
5.440
0.795
2.150
1.420
0.740
0.720
1.720
1.180
7.500
2.100
0.375
0.065
0.175
0.255
2.030
0.750
0.080
0.835
0.815
1.400
0.100
2.200
0.445
0.565
0.900
1.120
0.075
1.270
1.540
0.250
0.170
6.830
23.640
0.055
5.640
0.170
0.260
2.810
2.180
2.570
1.030
0.160
0.405
0.635
0.750
0.455
0.120
2.350
0.180
0.220
1.020
1.220
1.370
7.510
0.720
1.620
1.340
2.430
2.400
0.110
2.200
0.345
1.440
1.570
14.020
1.630
0.330
0.125
6.680
0.770
1.230
0.540
2.720
0.960
2.640
0.905
1.220
0.520
1.950
0.685
2.430
0.410
4.250
1.000
0.035
2.700
0.915
1.600
—
-0.010
-0.010
UNCH
0.005
0.015
-0.090
-0.005
—
0.010
UNCH
0.070
0.060
-0.020
-0.010
UNCH
—
UNCH
-0.050
UNCH
UNCH
UNCH
UNCH
0.130
—
UNCH
-0.010
-0.050
UNCH
—
-0.010
—
0.010
UNCH
-0.010
-0.010
-0.005
0.030
—
—
UNCH
UNCH
UNCH
-0.005
UNCH
-0.030
-0.040
0.020
-0.005
—
0.010
UNCH
0.050
-0.050
-0.010
UNCH
UNCH
UNCH
0.040
—
UNCH
—
-0.005
UNCH
UNCH
UNCH
-0.005
-0.005
UNCH
UNCH
0.005
-0.010
—
UNCH
-0.010
0.030
0.240
—
0.020
UNCH
0.005
0.030
-0.010
UNCH
-0.030
0.005
0.020
-0.005
UNCH
0.025
UNCH
0.030
-0.005
UNCH
—
0.010
0.020
0.060
-0.020
UNCH
UNCH
-0.010
-0.100
-0.005
UNCH
-0.010
UNCH
0.020
0.040
0.040
-0.005
UNCH
-0.020
-0.015
-0.010
—
—
-0.040
—
-0.010
0.010
—
-0.050
UNCH
—
-0.030
-0.030
UNCH
UNCH
0.020
0.025
0.010
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
13.600
2.200
3.970
10.000
9.900
4.350
1.660
3.890
8.550
4.380
0.365
1.240
13.200
10.100
15.080
2.210
0.665
0.910
0.125
2.690
0.510
15.380
1.150
2.780
8.470
1.200
3.020
1.410
1.310
19.280
0.760
0.120
UNCH
0.010
UNCH
—
-0.010
UNCH
-0.030
-0.090
0.010
0.015
-0.010
-0.020
—
0.160
—
-0.010
UNCH
-0.005
UNCH
—
-0.100
-0.010
—
0.030
-0.010
—
-0.010
—
0.120
0.010
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
—
16
90
663.5
128
1563.8
0.1
3611.8
—
210.9
26.6
1945.7
2028.4
138.5
11
52.1
—
2
1577.6
13.4
6
565
1028.4
4978.3
—
49.6
677.4
8.6
5
—
116.8
—
20
1059.1
129.7
157.6
664.6
6204.4
—
—
57.3
71.5
1966.9
684
2256.1
3565.7
10
716.9
834.7
—
120.1
365.7
1719.4
1244
317.8
240
5481.2
4849.4
2056.8
—
410
—
1578.5
115.8
21.5
201.2
300
89.1
627.2
39.7
1548.7
26.3
—
3505.1
112.2
52.7
466.8
—
592.3
350.4
527.9
65.7
184.5
0.4
833.3
343
1714.4
924.9
0.3
1
179.1
41.8
440.1
112.5
—
334.7
283.6
4669.3
10
9336.7
1
25.1
2.4
5239.2
9.1
60
694
50.6
6022.1
15.2
48
3372.4
2255
5.7
206.1
—
—
55
—
670.9
162.4
—
2
7
—
5
2462.6
255.4
105.1
92.4
5979
4311.4
—
9.81
1.315
8.06
1.333 24.45
1.154
8.52
0.604
4.84
0.446 23.32
1.160
9.77
0.155 38.75
—
—
2.354 27.83
1.528 62.10
4.302 19.50
8.508 22.95
1.676 10.00
0.415
—
2.568 14.69
—
—
0.280
7.84
7.815 17.92
1.116
8.55
3.083 13.47
0.007
—
0.373
—
6.577 58.17
—
—
0.988 41.32
0.253
—
1.792
9.85
0.325
—
—
—
1.832 11.10
—
—
1.406 81.03
4.256 32.60
0.993 12.48
0.583
2.73
0.176 56.45
0.315 22.57
— 31.12
—
—
1.638
9.57
2.347 14.70
1.608
3.29
0.155
8.29
5.404 22.09
0.813
—
2.160 10.00
1.415 11.50
0.740 11.00
— 146.94
1.712
5.88
1.171
—
7.505 13.12
2.142 26.18
0.375
6.54
0.065 10.83
0.177
—
0.257
3.21
2.006 48.22
—
—
0.080 44.44
— 13.87
0.817 14.37
1.402 14.21
0.100 11.49
2.190 26.00
0.444 14.35
0.564
9.01
0.896
—
1.120
9.76
0.069
—
1.272
8.65
—
—
0.251
—
0.173
—
6.869 16.79
23.523 29.23
—
0.48
5.611 20.68
0.170
—
0.261
—
2.794 21.99
2.213 61.24
2.570
3.21
1.028 24.58
0.158
9.58
0.398
—
0.636 19.24
0.750 25.25
0.455
8.85
0.120
—
2.306 20.96
0.182
6.67
0.215 10.33
—
4.45
1.205 32.71
1.343 30.04
7.464 23.59
0.720 21.56
1.605
—
1.350 28.76
2.430 13.51
2.400 18.03
0.112 10.09
2.195
4.93
0.347 93.24
1.431 19.05
1.574 11.33
13.998 16.12
1.615 20.12
0.330
—
0.120
—
6.674 35.68
0.780 75.49
1.239
6.55
— 90.00
— 18.27
0.954 12.37
—
6.36
0.909
—
1.221 15.19
—
—
1.900 90.70
0.684
—
— 138.07
0.410 19.25
4.246 26.07
1.000 11.05
0.035
—
2.701 12.75
0.907 115.82
1.599 18.14
3.98
3.05
—
0.65
4.13
1.33
4.31
—
—
3.50
0.65
1.64
0.41
2.10
1.45
5.81
—
—
3.21
2.23
4.87
—
—
0.45
3.09
3.00
—
1.94
—
—
4.64
1.92
1.42
1.65
4.04
—
—
1.54
—
—
3.96
6.81
4.35
4.52
3.68
1.26
3.26
7.04
5.69
—
4.44
—
4.00
1.81
1.60
—
—
—
0.59
—
—
1.20
0.74
4.29
—
—
5.06
3.72
—
3.35
—
1.57
1.30
—
—
1.02
2.54
—
4.79
3.59
—
4.66
1.72
—
—
3.13
—
3.15
4.67
—
—
3.40
—
—
4.41
10.66
1.68
3.33
1.39
1.25
1.94
7.41
2.50
—
3.18
—
5.56
2.87
2.07
9.20
—
—
3.20
0.18
3.25
—
1.38
5.21
2.27
1.10
2.87
—
1.94
—
2.88
—
2.61
1.50
—
0.74
—
5.94
204.5
170.3
122.2
352.7
320.6
216.1
202.4
163.3
28.1
3,030.2
2,130.2
25,711.7
32,079.2
501.7
98.0
521.7
5.2
44.8
18,229.1
448.4
210.9
107.5
441.4
54,473.3
144.2
72.5
38.7
252.0
64.3
41.6
507.6
57.2
140.5
4,524.8
494.0
86.5
70.5
180.9
55.4
155.2
449.7
3,378.7
8,050.0
163.4
40,855.8
795.0
840.0
1,575.1
1,248.6
30.2
691.3
1,888.0
33,478.4
6,394.6
61.0
49.3
513.2
872.8
4,880.5
45.1
69.1
85.9
645.7
648.5
102.3
514.8
124.6
348.3
984.5
371.0
65.2
408.6
1,198.8
305.7
33.3
1,274.4
23,485.3
2.8
1,460.1
111.9
13.0
1,509.0
1,055.1
257.0
915.0
210.9
347.7
430.3
102.0
84.6
22.7
835.3
345.2
515.2
53.3
912.7
1,689.7
47,516.3
29.2
9,707.3
221.9
1,794.7
146.4
425.3
634.0
414.0
1,741.7
314.0
79,123.4
202.3
125.9
140.1
25,103.0
1,334.3
517.5
22.1
186.3
103.7
107.4
1,956.6
156.8
57.6
567.3
90.4
163.3
18.3
14,492.5
180.0
21.3
2,950.6
146.7
17,270.4
90.5
36.9
233.8
2.7
—
790.7
2
14.4
162.4
8669.6
160.2
32.9
255.8
—
158.3
—
172.2
33.2
855.6
90.7
—
57.2
225.9
—
7388.3
504.8
—
58.9
—
3182.8
121.6
13.462
2.200
3.961
10.000
—
4.361
1.660
3.903
8.509
4.373
0.369
1.243
13.209
—
14.958
—
0.663
0.906
0.130
2.690
—
15.380
1.153
—
8.443
1.193
—
1.419
—
19.241
0.751
4.37
3.63
3.63
0.65
0.79
4.67
3.01
3.14
4.04
3.20
—
5.53
3.04
0.84
2.49
4.52
1.50
4.40
—
3.72
1.96
4.55
5.22
3.24
6.38
2.50
—
—
7.40
2.90
7.89
1,958.4
4,274.5
6,146.0
1,693.2
911.1
13,111.7
354.5
6,180.0
4,576.6
38,232.4
104.6
240.1
28,613.9
2,493.7
17,304.6
563.9
461.1
120.7
77.9
322.8
373.2
5,105.9
336.6
562.6
82,782.5
3,411.5
643.5
1,008.2
322.2
74,847.6
259.1
9.13
11.58
12.48
5.44
—
8.47
18.26
11.03
22.70
13.00
8.47
8.88
12.11
30.40
9.98
15.22
5.32
—
—
72.70
32.69
15.51
13.87
15.82
11.76
18.96
9.23
15.61
13.10
14.55
5.55
7
0
4
1
PROP
0
1
0
0
0
0
0
1
2
2
2
1
1
0
1
1
2
1
0
0
0
0
1
0
1
0
1
2
2
0
1
0
0
1
1
0
1
1
0
1
1
0
2
1
0
0
0
2
0
0
1
1
0
2
2
1
2
0
1
2
0
1
1
1
0
3
0
1
5
3
1
3
0
0
8
0
1
0
0
0
1
1
1
2
1
1
2
0
MINI
1
PLAN
2
18
9
1
0
9
0
8
2
11
1
1
1
2
3
0
0
5
24
3
3
0
4
1
1
0
2
4
0
1
0
4
3
0
5
2
0
1
1
2
6
27
HOTE
0
1
0
6
TECH
0
0
0
0
0
0
0
1
1
2
1
0
0
6
0
3
0
0
5
0
10
* Volu
T U E SDAY MAY 24 , 20 16 • T HEED G E FINA NCIA L DA ILY
Markets 2 7
BURSA MAL AYSIA MAIN MARKET . ACE MARKET
AP
IL)
4.5
0.3
2.2
2.7
0.6
6.1
2.4
3.3
8.1
0.2
0.2
1.7
9.2
1.7
8.0
1.7
5.2
4.8
9.1
8.4
0.9
7.5
1.4
3.3
4.2
2.5
8.7
2.0
4.3
1.6
7.6
7.2
0.5
4.8
4.0
6.5
0.5
0.9
5.4
5.2
9.7
8.7
0.0
3.4
5.8
5.0
0.0
5.1
8.6
0.2
1.3
8.0
8.4
4.6
1.0
9.3
3.2
2.8
0.5
5.1
9.1
5.9
5.7
8.5
2.3
4.8
4.6
8.3
4.5
1.0
5.2
8.6
8.8
5.7
3.3
4.4
5.3
2.8
0.1
1.9
3.0
9.0
5.1
7.0
5.0
0.9
7.7
0.3
2.0
4.6
2.7
5.3
5.2
5.2
3.3
2.7
9.7
6.3
9.2
7.3
1.9
4.7
6.4
5.3
4.0
4.0
1.7
4.0
3.4
2.3
5.9
0.1
3.0
4.3
7.5
2.1
6.3
3.7
7.4
6.6
6.8
7.6
7.3
0.4
3.3
8.3
2.5
0.0
1.3
0.6
6.7
0.4
8.4
4.5
6.0
3.2
1.1
1.7
4.5
0.0
6.6
2.4
4.6
0.1
3.9
3.7
4.6
3.9
1.1
0.7
7.9
2.8
3.2
5.9
6.6
2.6
2.5
1.5
3.5
8.2
2.2
7.6
9.1
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE
7.277 4.911
0.700 0.505
4.440 3.654
1.860 1.100
PROPERTIES
0.990 0.693
1.070 0.760
0.495 0.354
0.295 0.155
0.680 0.460
0.700 0.470
0.909 0.751
1.400 0.900
2.342 1.590
2.455 1.434
2.595 1.939
1.080 0.430
1.891 1.380
0.335 0.210
1.670 1.170
1.200 0.630
2.950 1.750
1.000 0.655
0.626 0.445
0.908 0.693
0.498 0.332
0.665 0.425
1.459 1.005
0.750 0.430
1.976 1.547
0.668 0.455
1.313 0.950
2.824 2.213
2.450 1.735
0.500 0.315
1.270 0.745
0.325 0.185
0.070 0.040
1.200 0.850
1.851 1.140
0.496 0.324
1.548 1.209
1.630 1.179
0.355 0.230
1.129 0.805
1.692 1.240
0.886 0.607
2.649 1.999
1.380 1.032
0.615 0.495
0.980 0.555
0.440 0.275
2.810 1.842
0.457 0.286
0.255 0.145
1.482 0.775
1.500 0.780
0.390 0.265
2.780 1.870
2.980 1.451
1.993 1.473
2.051 1.374
0.500 0.280
1.477 1.253
2.235 1.679
0.285 0.195
1.730 0.715
1.035 0.625
1.080 0.855
0.640 0.450
3.308 2.740
0.200 0.130
1.074 0.726
5.482 4.111
3.400 2.800
1.150 0.810
3.240 2.836
0.845 0.690
0.325 0.225
8.648 6.000
0.080 0.045
1.725 1.133
0.180 0.095
0.760 0.245
0.095 0.045
1.944 1.350
1.149 0.774
1.370 0.755
2.280 1.680
1.555 1.113
1.764 0.901
2.060 1.474
0.795 0.595
MINING
1.400 1.140
PLANTATIONS
2.020 1.000
18.360 16.560
9.500 7.612
1.568 1.053
0.813 0.671
9.141 7.500
0.575 0.380
8.194 6.910
2.027 1.166
11.560 8.494
1.780 1.202
1.450 0.934
1.030 0.790
2.508 1.881
3.800 2.990
0.735 0.593
0.785 0.545
5.040 3.622
24.780 19.357
3.569 2.891
3.600 2.146
0.645 0.345
4.040 2.410
1.850 1.410
1.860 1.500
0.979 0.787
2.850 1.930
4.965 3.900
0.350 0.200
1.220 0.800
0.675 0.465
4.080 3.442
3.300 2.653
0.825 0.450
5.030 3.610
2.189 1.654
0.810 0.510
1.610 1.090
1.730 1.150
2.350 1.730
6.312 5.280
27.900 23.977
HOTELS
0.753 0.497
1.360 0.840
0.345 0.205
6.966 5.270
TECHNOLOGY
0.900 0.620
0.395 0.195
0.200 0.100
0.430 0.240
0.255 0.130
0.235 0.150
0.290 0.180
1.780 1.160
1.960 0.517
2.056 1.149
1.250 0.710
0.305 0.185
0.319 0.240
6.795 3.040
0.743 0.550
3.924 2.181
0.200 0.100
0.872 0.555
5.950 3.382
0.250 0.060
10.480 5.449
5.960
0.550
3.950
1.550
5.880
0.540
3.800
1.470
1066
4898
6139
5230
0.885
1.030
0.435
0.180
0.475
0.470
—
—
1.620
1.500
2.290
0.720
1.590
0.255
1.290
0.650
—
0.770
0.540
0.800
0.395
0.500
1.310
—
1.820
0.500
1.030
2.410
2.320
0.470
1.030
0.200
0.045
—
1.170
0.340
1.380
1.580
0.240
0.990
1.490
0.700
2.530
1.210
0.520
0.845
0.345
2.430
0.330
0.190
1.190
0.780
0.300
1.900
—
1.590
1.500
0.475
—
1.740
0.260
1.010
0.700
0.975
0.470
3.000
0.135
—
4.900
3.170
0.840
3.060
0.695
0.245
6.500
0.050
1.380
0.095
0.250
0.050
1.480
1.040
1.050
2.200
1.150
—
1.950
0.625
0.875
1.000
0.430
0.175
0.460
0.470
—
—
1.600
1.480
2.260
0.710
1.570
0.245
1.270
0.630
—
0.750
0.520
0.800
0.395
0.495
1.260
—
1.810
0.490
0.995
2.400
2.230
0.450
1.000
0.195
0.045
—
1.140
0.335
1.340
1.560
0.235
0.970
1.480
0.680
2.470
1.200
0.520
0.780
0.340
2.350
0.330
0.190
1.170
0.780
0.280
1.870
—
1.560
1.490
0.430
—
1.710
0.250
1.010
0.690
0.965
0.460
2.970
0.135
—
4.900
3.140
0.825
3.000
0.690
0.240
6.500
0.045
1.370
0.095
0.245
0.045
1.450
1.010
1.040
2.190
1.150
—
1.860
0.620
1007
5959
1007PA
4057
6602
9814
3239
5738
6718
5049
5355
3484
3417
3557
8206
6076
8613
6815
6041
5020
9962
1147
1503
7010
5062
4251
5084
1597
5249
5175
1589
6769
3115
7323
5038
3174
8494
5789
3573
7617
8583
6181
5236
5182
5040
1694
8141
6114
8893
6548
1651
9539
3913
5073
5827
5053
1724
6912
1945
5075
2208
4596
5207
2224
4286
6017
4375
5213
1783
8664
3743
5211
1538
5158
2305
2259
5191
2429
7889
7079
5239
5401
5148
5200
2976
7003
3158
2577
COUNTER
CLOSING
(RM)
+/–
(RM)
VOL
(‘000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
RHBCAP
TA
TAKAFUL
TUNEPRO
5.930
0.550
3.920
1.490
0.060
0.005
-0.010
-0.050
719.9
148
987.3
2058.5
5.922
0.546
3.916
1.495
10.21
—
20.44
16.25
2.02
1.00
3.66
3.36
18,232.8
941.6
3,215.1
1,120.1
AMPROP
A&M
AMPROP-PA
ASIAPAC
BCB
BERTAM
BJASSET
CHHB
CRESNDO
CVIEW
DAIMAN
DBHD
E&O
ECOFIRS
ECOWLD
ENCORP
ENRA
EUPE
FARLIM
GLOMAC
GMUTUAL
GOB
GUOCO
HOOVER
HUAYANG
IBHD
IBRACO
IGB
IOIPG
IVORY
IWCITY
JKGLAND
KBUNAI
KEN
KSL
L&G
LBICAP
LBS
LIENHOE
MAGNA
MAHSING
MALTON
MATRIX
MCT
MEDAINC
MENANG
MJPERAK
MKH
MKLAND
MPCORP
MRCB
MUH
MUIPROP
NAIM
OIB
OSK
PARAMON
PASDEC
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
0.880
1.010
0.430
0.180
0.470
0.470
0.780
1.040
1.620
1.480
2.260
0.710
1.590
0.255
1.290
0.650
2.120
0.770
0.520
0.800
0.395
0.495
1.300
0.480
1.810
0.500
0.995
2.400
2.300
0.460
1.000
0.200
0.045
1.000
1.170
0.335
1.350
1.570
0.235
0.990
1.490
0.700
2.470
1.200
0.520
0.845
0.340
2.410
0.330
0.190
1.190
0.780
0.300
1.870
2.600
1.580
1.500
0.465
1.400
1.740
0.250
1.010
0.700
0.970
0.470
2.980
0.135
0.780
4.900
3.160
0.840
3.060
0.690
0.245
6.500
0.050
1.380
0.095
0.250
0.050
1.450
1.030
1.050
2.200
1.150
1.000
1.950
0.625
-0.005
194.7
UNCH
579
-0.005
6.3
0.005
351
-0.010
22
UNCH
5
—
—
—
—
UNCH
10
-0.020
4.5
0.080
22.4
-0.015
27.9
UNCH
74.9
UNCH
356
0.020
348.3
UNCH
21.5
—
—
0.020
7.1
-0.005
54.7
UNCH
13
UNCH
30
-0.005
270.8
-0.010
50.9
—
—
-0.010
139.9
UNCH
271
-0.025
11.3
0.010
77.2
0.050
771.3
-0.010
991.7
-0.030 2072.8
0.005
273
UNCH
678.4
—
—
UNCH 1232.5
UNCH
458.3
-0.010
2.2
UNCH
400
-0.005
285.7
-0.020
10.9
UNCH
226.6
-0.005
214.9
-0.030
94.1
-0.010
10.5
0.005
54
0.065
342.6
0.010
334.9
0.060
202.2
UNCH
251.8
-0.025
4
UNCH
377.3
UNCH
3
0.015
50
-0.030
165.5
—
—
0.010
142.5
0.010
355
0.045 1318.1
—
—
-0.020
11.3
-0.010
633.8
UNCH
2.5
-0.005
55.9
-0.020
56.2
0.005
76.9
-0.020
31.4
UNCH
35
—
—
0.020
0.9
UNCH
127.1
UNCH
59.4
0.070
217.8
UNCH
111.1
UNCH
364.4
0.300
0.1
0.005 1531.2
0.010
40.7
UNCH
19
UNCH
616.1
UNCH 10335.9
0.010
339.5
0.010
165.5
UNCH
561.4
UNCH 2009.7
-0.010
10
—
—
0.050 2030.5
UNCH
27
0.879
6.21
1.014 16.40
0.435
—
0.177
0.46
0.462
5.58
0.470
7.64
— 22.48
—
—
1.615 20.66
1.498
6.99
2.271 15.89
0.719
—
1.584 13.05
0.250
9.62
1.280 44.48
0.631
—
— 28.38
0.750 12.90
0.526
5.75
0.800
6.54
0.395
9.27
0.497
4.11
1.281
4.38
—
—
1.816
4.03
0.495 12.35
0.995 13.67
2.407 14.77
2.303
9.24
0.456 10.80
1.005 98.04
0.196
7.97
0.045
—
—
7.69
1.150
4.20
0.337
7.65
1.359
6.31
1.567 11.10
0.236
—
0.988
1.58
1.483
9.34
0.686
9.43
2.492
9.53
1.210 20.87
0.520
—
0.817
6.86
0.340
6.98
2.399
8.54
0.330
9.82
0.190
—
1.183
6.43
0.780
4.93
0.292
—
1.886 12.91
— 12.01
1.573
3.33
1.500 11.69
0.460
—
— 11.23
1.715
3.99
0.253
—
1.010 47.64
0.696 11.08
0.969
5.68
0.462
—
2.989
6.90
0.135
—
— 12.46
4.900
3.24
3.160 10.38
0.829 14.95
3.040
7.33
0.691 20.97
0.245 28.16
6.500 20.62
0.046 125.00
1.378
5.77
0.095
—
0.248 86.21
0.050
—
1.458
6.58
1.026
7.90
1.044 18.52
2.200
7.82
1.150 11.13
—
6.89
1.885 45.45
0.622 17.96
3.41
1.49
4.65
1.67
—
—
1.28
—
3.09
13.51
2.21
—
1.89
—
—
—
—
1.95
3.85
5.31
5.06
—
1.54
—
7.18
3.02
3.52
4.17
2.61
—
—
1.00
—
3.00
5.98
5.97
3.70
2.23
—
8.08
4.36
4.29
6.13
1.67
—
—
—
2.90
9.09
—
2.10
—
—
1.87
2.88
3.16
5.50
—
5.36
2.59
—
2.48
2.29
3.09
—
8.39
—
2.56
2.45
3.07
—
3.59
7.25
1.35
4.92
—
7.03
—
—
—
3.10
6.80
1.52
5.91
2.61
8.75
—
—
529.0
368.7
127.2
178.7
193.9
97.2
868.2
286.7
454.3
148.0
479.6
219.7
2,003.1
186.2
3,049.9
181.1
288.8
98.6
73.0
582.3
148.4
225.1
910.6
19.2
477.8
496.0
493.9
3,275.5
10,174.3
204.9
669.7
151.7
259.9
191.7
1,186.0
366.2
101.8
882.0
85.0
329.6
3,590.0
313.9
1,394.2
1,601.7
256.1
225.7
87.4
1,010.8
398.4
54.7
2,245.0
44.0
229.2
467.5
376.7
2,216.6
634.4
95.8
740.4
663.9
86.5
141.0
164.4
413.3
104.1
721.5
28.3
377.6
1,683.7
8,306.0
671.0
6,090.6
213.9
1,303.8
486.5
211.0
586.6
31.8
94.2
69.5
522.0
1,490.9
4,764.3
3,345.7
560.0
199.4
860.8
527.7
—
—
2186
KUCHAI
1.200
—
—
—
0.71
148.5
1.840
17.760
—
1.500
0.710
—
0.450
7.960
1.400
10.640
1.430
1.370
0.930
2.370
3.430
0.700
—
4.240
23.080
3.230
—
0.555
4.020
—
—
—
—
—
0.295
1.000
0.530
3.820
—
—
4.280
1.900
0.700
1.150
1.670
1.930
5.900
27.900
1.770
17.740
—
1.490
0.710
—
0.445
7.880
1.370
10.520
1.410
1.350
0.930
2.350
3.340
0.700
—
4.160
22.800
3.230
—
0.550
4.010
—
—
—
—
—
0.255
1.000
0.525
3.820
—
—
4.110
1.880
0.695
1.150
1.660
1.910
5.900
27.000
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
1.800
17.760
8.600
1.500
0.710
7.900
0.450
7.960
1.380
10.640
1.430
1.370
0.930
2.370
3.350
0.700
0.710
4.240
23.080
3.230
3.350
0.550
4.020
1.410
1.600
0.920
2.330
4.100
0.265
1.000
0.525
3.820
3.070
0.570
4.120
1.900
0.700
1.150
1.670
1.910
5.900
27.700
-0.030
-0.020
—
0.010
UNCH
—
UNCH
0.100
0.010
0.080
UNCH
0.040
UNCH
0.020
-0.050
UNCH
—
0.060
0.140
-0.010
—
UNCH
0.010
—
—
—
—
—
0.005
UNCH
-0.005
0.020
—
—
0.030
-0.010
0.005
UNCH
UNCH
UNCH
UNCH
0.800
355
7
—
281
28
—
131
10
2307.8
771.8
21.4
15
15
9.1
4.1
36
—
8393.1
619
3
—
212
414.1
—
—
—
—
—
460
4.8
61
1
—
—
50.6
15.3
164
4.5
277.7
26.4
6
4.1
1.806
—
17.746
9.90
—
—
1.490 30.49
0.710 22.33
— 27.40
0.449
6.36
7.920 15.79
1.381 155.06
10.592 43.41
1.429
—
1.365 33.33
0.930
—
2.357 19.65
3.347 58.06
0.700
—
— 14.34
4.218 29.18
23.009 17.59
3.230
—
— 14.13
0.554
—
4.014 39.41
—
—
—
—
— 45.54
—
—
— 54.74
0.281
—
1.000
—
0.525
—
3.820 39.54
—
—
—
—
4.122 16.80
1.899 24.93
0.698 14.61
1.150 16.41
1.667
—
1.913
—
5.900 24.97
27.665 18.92
1.11
2.82
0.23
9.33
2.11
2.03
—
3.14
2.90
0.52
0.70
2.19
8.60
3.38
1.79
1.67
—
1.89
1.95
0.31
3.88
—
2.36
—
—
1.63
0.43
1.46
—
—
—
1.57
0.65
—
1.21
3.95
2.14
1.74
—
1.05
2.71
1.44
216.0
7,742.5
804.1
2,400.0
226.1
721.8
380.8
1,125.5
5,034.4
8,405.9
318.8
245.7
172.5
1,896.0
2,949.9
294.5
339.4
27,398.1
24,638.0
204.0
1,044.5
1,031.3
5,653.0
439.5
120.0
180.8
279.6
287.8
39.7
326.7
744.7
247.7
203.6
65.6
1,819.8
532.0
1,037.2
1,016.4
664.9
2,569.7
1,234.4
5,765.3
0.580
0.880
0.295
5.570
0.580
0.870
0.290
5.570
5592
1643
1287
5517
GCE
LANDMRK
PMHLDG
SHANG
0.580
0.875
0.295
5.570
UNCH
0.005
UNCH
0.070
4
31.7
220
50
0.580
—
0.877
—
0.293 2950.00
5.570 18.91
3.45
—
—
2.51
114.3
420.7
274.0
2,450.8
—
0.265
0.115
0.305
0.150
0.185
0.280
1.580
1.960
1.580
0.850
0.260
0.265
3.230
0.555
2.900
0.150
0.670
4.170
0.175
7.230
—
0.250
0.115
0.300
0.150
0.175
0.255
1.580
1.820
1.520
0.845
0.250
0.260
3.040
0.555
2.700
0.135
0.645
4.150
0.170
7.230
7031
5195
0051
7204
8338
0029
4456
5162
0065
0090
0021
0082
0056
7022
5028
0166
9393
5161
9334
0143
3867
AMTEL
CENSOF
CUSCAPI
D&O
DATAPRP
DIGISTA
DNEX
ECS
EFORCE
ELSOFT
GHLSYS
GPACKET
GRANFLO
GTRONIC
HTPADU
INARI
ITRONIC
JCY
KESM
KEYASIC
MPI
0.650
0.265
0.115
0.305
0.150
0.180
0.270
1.580
1.840
1.550
0.845
0.260
0.260
3.210
0.555
2.900
0.135
0.660
4.150
0.170
7.230
—
—
0.010 4162.9
-0.005
431.7
UNCH
639.1
UNCH
127
UNCH
1625
0.020 22555.9
-0.010
1.5
-0.020 3149.8
-0.040
86.5
-0.010
76.7
0.005 3682.3
UNCH
38.6
0.100 2857.1
-0.020
1
0.170 3675.4
UNCH
15.2
-0.005 1710.9
-0.020
27.3
-0.005
630.6
0.010
1.3
—
—
—
—
—
—
3.70
3.80
1.63
5.16
—
—
1.92
3.43
3.60
2.44
—
10.23
0.72
—
3.18
32.0
133.0
50.1
301.2
63.2
91.6
209.3
284.4
380.5
280.8
550.5
179.5
125.6
904.8
56.2
2,773.6
13.9
1,370.2
178.5
141.8
1,517.5
* Volume Weighted Average Price
# PE is calculated based on latest 12 months reported Earnings Per Share
—
—
0.259
0.115
0.301
0.150
0.180
0.269
1.580
1.908
1.541
0.848
0.258
0.262
3.134
0.555
2.808
0.139
0.656
4.165
0.172
7.230
39.16
11.18
—
29.33
—
—
18.75
10.16
50.41
10.77
52.81
—
10.28
15.61
60.99
15.83
—
6.71
6.55
—
8.97
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
1.400 0.890
—
—
0.495 0.360 0.405
0.395
0.765 0.410 0.470
0.470
0.360 0.245
—
—
0.915 0.560 0.690
0.680
0.475 0.235 0.380
0.380
0.105 0.035 0.040
0.040
2.520 1.498 2.290
2.230
3.840 2.684 3.640
3.560
0.932 0.621 0.655
0.650
INFRASTRUCTURE PROJECT COMPANIES
5.797 4.310 4.480
4.400
5.500 3.804 5.260
5.200
1.950 1.010 1.200
1.180
0.575 0.335 0.410
0.380
7.924 5.343 7.450
7.330
1.600 1.400 1.460
1.450
CLOSED-END FUNDS
2.380 2.100 2.300
2.290
EXCHANGE TRADED FUNDS
1.090 1.035
—
—
1.805 1.550 1.675
1.675
1.540 1.015
—
—
1.840 1.580
—
—
1.010 0.900
—
—
1.015 0.850
—
—
1.175 0.990
—
—
1.075 0.940
—
—
REITS
1.040 0.875 1.010
1.010
1.570 1.243
—
—
1.112 0.881 0.975
0.975
0.853 0.672 0.730
0.725
0.910 0.746 0.910
0.900
1.089 0.956
—
—
1.703 1.463 1.650
1.640
1.500 1.206 1.500
1.460
1.500 1.321 1.490
1.490
1.570 1.199 1.540
1.530
7.508 6.718 7.390
7.240
1.170 0.954 1.160
1.130
1.820 1.346 1.720
1.690
1.660 1.376 1.650
1.620
1.230 1.045 1.200
1.200
1.640 1.397
—
—
1.080 0.946 1.080
1.070
SPAC
0.705 0.650 0.690
0.690
0.695 0.595 0.690
0.685
0.475 0.415 0.455
0.445
CODE
COUNTER
CLOSING
(RM)
+/–
(RM)
VOL
(‘000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
5011
0083
9008
0041
7160
9075
0118
5005
0097
0008
MSNIAGA
NOTION
OMESTI
PANPAGE
PENTA
THETA
TRIVE
UNISEM
VITROX
WILLOW
1.000
0.400
0.470
0.280
0.685
0.380
0.040
2.290
3.640
0.655
—
-0.005
UNCH
—
-0.005
-0.010
UNCH
0.010
0.080
0.005
—
628.3
2.9
—
369.3
37.9
5
700.7
13.3
33
—
0.398
0.470
—
0.685
0.380
0.040
2.280
3.614
0.654
—
—
—
15.56
7.65
16.89
—
9.93
19.15
8.82
—
—
—
—
—
—
—
4.37
0.55
3.05
60.4
108.2
183.1
67.6
100.4
40.8
48.3
1,680.5
851.4
162.4
6947
6645
6807
5078
5031
6742
DIGI
LITRAK
PUNCAK
SILKHLD
TIMECOM
YTLPOWR
4.450
5.250
1.180
0.385
7.450
1.460
UNCH
0.050
-0.010
UNCH
0.100
UNCH
8438.8
400.1
355.9
1514.9
256.9
1103.1
4.462
5.236
1.186
0.399
7.388
1.459
21.07
17.89
—
—
9.16
11.51
4.72
4.76
—
—
0.90
6.85
34,598.8
2,744.6
530.2
270.1
4,288.2
11,828.3
5108
ICAP
2.300
0.010
39.1
2.300
14.40
—
322.0
0800EA
0822EA
0823EA
0820EA
0826EA
0825EA
0821EA
0824EA
ABFMY1
CIMBA40
CIMBC50
FBMKLCI-EA
METFAPA
METFSID
MYETFDJ
MYETFID
1.085
1.675
1.090
1.710
0.914
0.858
1.045
0.992
—
0.020
—
—
—
—
—
—
—
20
—
—
—
—
—
—
—
1.675
—
—
—
—
—
—
—
—
—
—
—
—
—
—
5.24
3.92
—
1.46
—
2.51
2.27
3.18
1,432.7
2.3
13.5
2.9
17.4
17.2
262.8
21.4
4952
5116
5269
5120
5127
5130
5106
5180
5121
5227
5235SS
5123
5212
5176
5111
5110
5109
AHP
ALAQAR
ALSREIT
AMFIRST
ARREIT
ATRIUM
AXREIT
CMMT
HEKTAR
IGBREIT
KLCC
MQREIT
PAVREIT
SUNREIT
TWRREIT
UOAREIT
YTLREIT
1.010
1.550
0.975
0.730
0.910
1.070
1.650
1.500
1.490
1.540
7.250
1.130
1.720
1.620
1.200
1.640
1.080
-0.010
—
UNCH
0.005
0.010
—
UNCH
0.020
UNCH
0.020
0.010
-0.020
UNCH
-0.020
UNCH
—
0.010
3
—
2.3
23
69
—
474
943.6
2
25.2
111.9
1138.8
852.3
262.4
72
—
11.2
1.010
8.21
— 16.13
0.975 38.24
0.727
7.33
0.904
8.74
—
8.71
1.644 18.46
1.490 12.55
1.490 136.70
1.530 20.78
7.298 11.52
1.142 10.54
1.693 18.32
1.632
8.50
1.200 11.99
—
6.29
1.076 85.04
6.93
4.97
1.23
6.99
6.89
7.34
5.09
5.73
7.05
5.24
4.82
3.68
4.78
5.62
5.78
6.72
7.08
101.0
1,128.8
565.5
501.1
521.6
130.3
1,814.7
3,042.5
596.9
5,364.3
13,088.7
747.4
5,194.1
4,769.1
336.6
693.5
1,430.3
CLIQ
REACH
SONA
0.690
0.690
0.450
-0.005
UNCH
UNCH
115
2616.8
2712
0.690
0.690
0.450
—
—
—
—
—
—
435.3
881.7
634.8
CLOSING
(RM)
+/–
(RM)
VOL
(‘000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
5234
5256
5241
Ace Market
YEAR
HIGH
YEAR
LOW
DAY
HIGH
CONSUMER PRODUCTS
0.450 0.225 0.390
0.290 0.095 0.280
0.429 0.240 0.260
0.075 0.040 0.050
INDUSTRIAL PRODUCTS
0.345 0.175 0.260
0.115 0.050 0.050
0.610 0.390 0.410
0.273 0.094 0.115
0.605 0.260 0.550
0.060 0.040 0.045
0.880 0.355 0.425
0.125 0.070 0.090
0.300 0.110 0.195
0.150 0.085 0.095
0.200 0.120 0.145
0.150 0.065 0.075
0.500 0.293 0.430
0.195 0.105 0.180
0.205 0.160 0.195
0.155 0.085 0.135
0.210 0.120 0.165
0.395 0.115 0.125
0.270 0.165 0.205
TECHNOLOGY
0.250 0.100 0.205
0.615 0.270 0.285
0.260 0.100 0.145
1.600 0.255 0.300
0.015 0.005
—
1.310 0.805 0.830
0.095 0.005
—
0.085 0.045 0.055
0.115 0.050 0.055
0.150 0.060 0.100
0.385 0.190 0.285
0.095 0.045 0.055
3.150 1.160 1.300
0.060 0.035 0.045
0.150 0.080 0.090
0.155 0.060
—
1.854 0.460 0.590
0.150 0.035 0.060
0.300 0.150 0.160
0.854 0.523
—
0.675 0.225 0.645
0.650 0.180 0.220
0.080 0.040 0.060
0.370 0.100 0.215
0.275 0.105 0.270
0.100 0.050 0.065
0.970 0.460 0.580
1.950 0.800 1.320
0.588 0.281 0.545
0.110 0.060 0.110
0.075 0.055 0.060
0.835 0.451 0.500
0.295 0.175 0.220
0.360 0.180 0.210
0.195 0.075 0.145
1.058 0.599 0.800
0.070 0.025 0.040
0.130 0.050 0.060
0.215 0.085 0.105
0.951 0.536 0.735
0.333 0.270 0.315
0.730 0.165 0.440
0.110 0.030 0.095
0.375 0.150 0.190
0.150 0.060 0.065
0.728 0.313 0.550
0.125 0.010 0.020
0.644 0.307 0.385
0.160 0.065 0.075
0.460 0.170 0.205
0.170 0.065 0.080
0.450 0.276 0.445
0.180 0.080 0.110
0.364 0.150 0.160
0.160 0.100 0.115
0.295 0.140 0.200
0.370 0.075 0.325
0.185 0.065 0.090
0.385 0.025
—
0.290 0.110 0.135
0.560 0.451 0.540
TRADING SERVICES
0.300 0.150
—
0.170 0.095 0.100
0.090 0.035 0.045
0.316 0.196 0.275
0.295 0.180 0.260
0.600 0.350 0.440
0.760 0.300 0.660
0.475 0.260 0.320
0.250 0.155 0.190
0.240 0.140 0.190
0.245 0.120 0.190
0.400 0.280
—
0.303 0.168 0.250
0.020 0.005 0.010
0.290 0.130 0.260
0.800 0.500 0.500
0.970 0.480
—
2.670 1.700 2.100
0.278 0.195 0.210
0.480 0.325
—
0.055 0.030 0.040
1.490 0.450 1.190
0.225 0.100 0.140
0.705 0.110 0.170
FINANCE
0.570 0.390 0.430
DAY
LOW
CODE
COUNTER
0.375
0.265
0.250
0.040
0179
0170
0148
0095
BIOHLDG
KANGER
SUNZEN
XINGHE
0.385
0.265
0.250
0.045
-0.005 7140.1
-0.005 14923.5
-0.010
609
-0.005
6135
0.383
0.271
0.255
0.045
24.68
15.87
—
1.33
—
—
1.84
2.22
192.5
200.7
119.8
105.7
0.255
0.050
0.400
0.110
0.545
0.040
0.410
0.080
0.175
0.090
0.145
0.075
0.410
0.170
0.180
0.135
0.160
0.120
0.200
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
0.260
0.050
0.405
0.110
0.545
0.045
0.410
0.080
0.190
0.090
0.145
0.075
0.415
0.170
0.185
0.135
0.165
0.125
0.200
Unch
-0.005
Unch
-0.005
-0.005
0.005
-0.010
-0.005
0.010
Unch
-0.005
Unch
0.005
-0.005
-0.005
0.005
Unch
Unch
-0.010
988
320
592.3
1228
462.1
560
1297.3
6629.6
1675
123
105.2
242
1412.3
707.5
2262.5
314.4
222
1085.2
128.5
0.259
0.050
0.406
0.110
0.549
0.044
0.416
0.083
0.186
0.090
0.145
0.075
0.419
0.175
0.186
0.135
0.162
0.123
0.203
10.88
—
24.40
8.80
16.37
—
14.39
—
—
—
—
—
10.38
16.50
16.82
11.07
—
—
13.33
2.31
—
0.74
—
—
—
0.80
—
—
5.56
—
—
1.69
—
—
2.96
—
—
2.50
68.8
21.7
159.4
23.8
112.0
36.0
126.6
26.7
25.8
102.9
35.1
20.9
92.5
25.6
52.9
32.8
91.7
26.9
34.2
0.195
0.275
0.140
0.275
—
0.815
—
0.050
0.050
0.095
0.285
0.055
1.240
0.040
0.085
—
0.580
0.045
0.155
—
0.600
0.205
0.060
0.205
0.255
0.065
0.580
1.260
0.525
0.075
0.060
0.495
0.210
0.205
0.135
0.800
0.035
0.055
0.100
0.705
0.300
0.425
0.090
0.180
0.060
0.530
0.015
0.375
0.075
0.200
0.080
0.420
0.110
0.160
0.115
0.195
0.310
0.085
—
0.125
0.540
0018
0181
0119
0068
0039
0098
0022
0152
0131
0154
0107
0116
0104
0045
0074
0174
0023
0094
0010
0146
0127
0111
0036
0176
0017
0075
0155
0126
0112
0085
0034
0113
0103
0156
0092
0108
0020
0096
0026
0035
0040
0079
0005
0123
0007
0106
0135
0178
0060
0117
0169
0093
0129
0050
0132
0120
0069
0066
0141
0086
0009
ACCSOFT
AEMULUS
APPASIA
ASDION
ASIAEP
BAHVEST
CYBERT
DGB
DGSB
EAH
EDUSPEC
FOCUS
GENETEC
GNB
GOCEAN
IDMENSN
IFCAMSC
INIX
IRIS
JFTECH
JHM
K1
KGROUP
KRONO
M3TECH
MEXTER
MGRC
MICROLN
MIKROMB
MLAB
MMAG
MMSV
MNC
MPAY
MTOUCHE
N2N
NETX
NEXGRAM
NOVAMSC
OPCOM
OPENSYS
ORION
PALETTE
PRIVA
PUC
REXIT
SCN
SEDANIA
SKH
SMRT
SMTRACK
SOLUTN
SRIDGE
SYSTECH
TDEX
VIS
VIVOCOM
VSOLAR
WINTONI
YGL
YTLE
0.200
0.280
0.140
0.280
0.010
0.815
0.005
0.050
0.050
0.095
0.285
0.055
1.240
0.045
0.090
0.070
0.580
0.055
0.160
0.645
0.615
0.215
0.060
0.205
0.260
0.065
0.580
1.280
0.525
0.075
0.060
0.500
0.220
0.210
0.135
0.800
0.040
0.060
0.100
0.705
0.300
0.430
0.095
0.180
0.065
0.530
0.015
0.375
0.075
0.200
0.080
0.435
0.110
0.160
0.115
0.200
0.310
0.085
0.025
0.135
0.540
Unch
-0.005
-0.010
-0.005
—
-0.015
—
Unch
Unch
Unch
Unch
-0.005
-0.060
Unch
Unch
—
-0.010
-0.005
0.005
—
-0.005
-0.025
Unch
Unch
Unch
Unch
Unch
-0.060
-0.005
0.005
Unch
Unch
0.010
Unch
-0.010
Unch
Unch
0.005
-0.005
-0.010
-0.005
-0.010
Unch
-0.010
Unch
-0.030
-0.005
-0.005
Unch
0.005
Unch
0.015
Unch
Unch
Unch
-0.005
-0.010
-0.005
—
0.010
Unch
3240
1263.6
414.7
168.7
—
101.3
—
4285
183.7
3635
220
2.4
337.1
169.9
133.4
—
2393.6
48527.4
3442.1
—
3342.5
10366.2
696
1818.7
6594.7
112.2
2.9
279.7
687.3
89.9
727
110
302.1
433
10426.1
82.4
13377.6
520
1220
409.8
2319
928.9
4793
703.9
2284
297.3
1164.5
881
2470.4
230
1686.4
5611.1
5
35
40
28
29504
427
—
225
64.9
0.200
—
0.279 10.94
0.142
—
0.283
—
—
—
0.819 226.39
—
—
0.050
—
0.051 71.43
0.095
—
0.285 25.22
0.055
—
1.252
5.80
0.044 16.67
0.088
—
—
—
0.586 14.68
0.054
—
0.158
—
— 29.59
0.629 11.71
0.211
8.43
0.060
—
0.208 15.89
0.260
—
0.065
—
0.580 17.21
1.279 18.18
0.534 16.51
0.076
—
0.060
—
0.496 10.08
0.214
—
0.209
—
0.142
—
0.800 37.74
0.040
—
0.060
3.90
0.101 142.86
0.715 12.94
0.305 11.49
0.432
—
0.095 12.84
0.184 33.96
0.065 30.95
0.538 13.52
0.015
—
0.380 30.49
0.075
—
0.201
—
0.080
—
0.432 15.82
0.110
—
0.160 39.02
0.115
—
0.198
—
0.317 21.38
0.088
—
—
—
0.129
—
0.540 20.93
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
1.72
—
—
1.55
—
2.33
—
—
—
—
—
—
2.10
—
—
4.00
—
—
—
2.50
—
—
—
2.84
2.93
—
—
1.11
—
3.77
—
—
—
—
—
2.30
—
3.75
—
—
—
—
—
—
7.41
128.1
122.9
39.4
32.6
8.1
354.5
0.5
24.5
67.8
141.6
241.3
39.6
43.6
13.0
23.7
34.6
352.8
22.9
357.2
81.3
75.6
101.6
44.3
48.6
51.3
12.8
54.6
194.8
160.6
14.0
57.2
81.5
20.8
149.2
31.3
381.1
50.0
113.0
59.6
113.7
89.4
52.0
30.4
100.5
70.4
100.3
3.0
75.0
41.6
57.1
25.6
87.0
13.3
50.8
43.2
22.1
802.0
25.8
12.8
26.1
729.0
—
0.095
0.040
0.260
0.240
0.430
0.660
0.305
0.170
0.175
0.185
—
0.245
0.010
0.235
0.500
—
2.100
0.205
—
0.035
1.140
0.140
0.155
0122
0048
0150
0011
0157
0081
0147
0180
0167
0153
0177
0006
0171
0110
0080
0032
0173
0158
0161
0137
0140
0089
0145
0165
AIM
ANCOMLB
ASIABIO
BTECH
FOCUSP
IDEAL
INNITY
KTC
MCLEAN
OVERSEA
PASUKGB
PINEAPP
PLABS
RA
RAYA
REDTONE
REV
SCC
SCH
STEMLFE
STERPRO
TEXCYCL
TFP
XOX
0.205
0.095
0.045
0.275
0.260
0.435
0.660
0.310
0.170
0.185
0.190
0.300
0.250
0.010
0.260
0.500
0.550
2.100
0.205
0.480
0.040
1.150
0.140
0.165
—
—
-0.010
60
Unch
1585
0.005
49.3
0.010
17.8
Unch
79.1
-0.040
10
-0.010 1258.3
-0.005
412.2
-0.005
201.3
Unch
105.1
—
—
Unch
490
Unch
1130
0.025 1933.3
-0.010
1
—
—
-0.010
2
-0.005
90
—
—
Unch
700.1
0.020
186.3
Unch
30
0.015 77716.2
—
0.099
0.040
0.263
0.246
0.436
0.660
0.311
0.174
0.178
0.185
—
0.249
0.010
0.254
0.500
—
2.100
0.206
—
0.035
1.162
0.140
0.162
82.00
—
—
14.78
32.50
17.61
31.13
18.79
12.14
—
73.08
—
13.44
—
—
—
33.74
14.08
26.28
—
—
26.20
53.85
14.35
—
—
—
2.29
3.85
—
—
—
—
1.62
—
—
2.80
—
—
0.40
—
2.38
7.32
6.25
—
0.65
—
—
54.5
45.0
39.0
69.3
42.9
82.4
91.3
158.2
30.4
45.3
61.7
14.6
51.7
9.7
37.3
378.7
74.1
89.8
84.5
118.8
39.6
196.4
28.7
91.8
0.425
0053
OSKVI
0.430
-0.025
0.429
—
4.65
85.0
19.7
T U ESDAY M AY 24, 2 0 16 • TH EEDGE F I N AN C I AL DAI LY
28 Markets
TUE
B U R S A M A L AY S I A E Q U I T Y D E R I VAT I V E S
Bursa Malaysia Equity Derivatives
Main Market & Ace Market Warrants
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
0.340
0.130
0.100
0.130
0.865
0.975
0.380
0.155
0.455
0.270
0.375
0.220
0.235
0.110
0.105
0.120
0.100
0.050
0.135
0.130
0.135
0.950
0.175
0.125
0.060
0.125
0.150
0.380
0.210
0.485
0.310
0.135
0.155
0.100
0.105
0.170
2.090
0.080
0.105
0.185
0.285
1.330
0.038
0.285
0.505
0.205
0.215
0.140
0.160
0.045
0.100
0.265
0.035
0.460
0.225
0.105
0.110
0.255
0.065
0.105
0.050
0.215
0.115
0.210
0.155
0.370
0.090
0.090
0.200
0.600
0.105
0.160
0.295
1.480
0.815
0.065
0.840
0.625
0.860
0.230
0.285
0.660
0.790
0.125
0.290
0.195
0.405
0.190
0.135
0.200
0.090
0.075
0.045
0.150
0.265
0.190
0.395
0.130
0.110
0.155
0.215
0.125
0.210
0.210
0.640
0.625
0.675
0.080
0.210
0.340
0.210
0.030
0.255
1.160
0.370
0.155
0.180
0.035
0.050
0.100
0.060
0.090
0.320
0.085
0.030
0.185
0.060
0.125
0.110
0.125
0.010
0.005
0.040
0.010
0.025
0.080
0.010
0.020
0.140
0.095
0.050
0.020
0.030
0.050
0.150
0.080
0.225
0.090
0.060
0.085
0.070
0.045
0.095
1.110
0.005
0.065
0.075
0.040
0.410
0.005
0.070
0.255
0.060
0.085
0.050
0.040
0.010
0.020
0.125
0.010
0.255
0.015
0.030
0.065
0.165
0.015
0.030
0.005
0.055
0.035
0.055
0.035
0.110
0.020
0.025
0.080
0.340
0.090
0.085
0.120
0.185
0.390
0.020
0.180
0.300
0.235
0.060
0.085
0.010
0.020
0.015
0.025
0.020
0.135
0.075
0.060
0.085
0.025
0.025
0.030
0.090
0.040
0.020
0.170
0.020
0.050
0.075
0.150
0.065
0.130
0.160
0.030
0.075
0.060
0.035
0.020
0.030
0.095
0.010
0.130
0.805
0.085
0.030
0.105
0.325
0.095
0.100
0.130
0.845
0.950
0.360
0.135
0.445
0.265
0.365
0.210
0.230
0.030
0.070
0.075
0.015
0.025
0.095
0.010
0.020
0.170
0.160
0.050
0.025
0.030
0.060
0.360
0.145
0.350
0.135
0.120
0.115
0.095
0.045
0.145
1.190
0.060
0.085
0.085
0.065
1.060
0.005
0.090
0.420
0.070
0.105
0.050
0.075
0.020
0.050
0.170
0.015
0.350
0.015
0.050
0.095
0.170
0.040
0.060
0.005
0.080
0.035
0.075
0.040
0.190
0.045
0.050
0.130
0.390
0.105
0.120
0.155
1.480
0.530
0.035
0.840
0.355
0.370
0.195
0.220
0.010
0.030
0.025
0.030
0.020
0.155
0.075
0.065
0.095
0.030
0.030
0.035
0.090
0.095
0.040
0.215
0.040
0.050
0.120
0.200
0.115
0.195
0.195
0.070
0.135
0.455
0.040
0.025
0.030
0.120
0.015
0.170
0.970
0.215
0.030
0.110
0.275
0.095
0.100
0.125
0.840
0.930
0.345
0.120
0.435
0.235
0.355
0.190
0.205
0.020
0.065
0.070
0.015
0.025
0.080
0.010
0.020
0.140
0.160
0.050
0.025
0.030
0.050
0.340
0.140
0.330
0.130
0.120
0.115
0.095
0.045
0.140
1.190
0.060
0.080
0.085
0.050
1.020
0.005
0.080
0.420
0.065
0.105
0.050
0.070
0.015
0.045
0.165
0.015
0.350
0.015
0.050
0.090
0.165
0.035
0.055
0.005
0.070
0.035
0.070
0.040
0.185
0.045
0.050
0.120
0.385
0.090
0.095
0.155
1.300
0.490
0.025
0.805
0.350
0.360
0.190
0.205
0.010
0.020
0.015
0.025
0.020
0.140
0.075
0.060
0.090
0.030
0.025
0.030
0.090
0.080
0.035
0.215
0.035
0.050
0.110
0.185
0.110
0.185
0.180
0.065
0.120
0.450
0.040
0.020
0.030
0.110
0.015
0.130
0.960
0.195
0.030
0.105
CODE
5238WA
0018WA
6599CG
7315WB
509924
509926
509927
509929
509930
509931
509932
509933
509934
5014CO
9342WA
9342WB
521011
521014
521015
5210C6
5210C9
0068WB
0105WA
6399CV
0072WA
6888C5
6888C8
7078WA
7241WA
5258WA
6998WA
5248CK
5248CL
5248CM
3395CZ
3395WB
5196WA
6025WA
7036WC
9938WB
7188WA
7174WA
5229WA
0163WA
7076WA
5195WA
5195WB
102310
0102WA
5214WA
0051WA
7212WA
0152WA
7277WA
6947C9
0029WA
7114WA
5265WA
7198WA
7198WB
161918
161919
161920
161921
5216CI
3417WB
0154WB
0154WC
3557WC
8206WA
1368CD
1368CE
0107WA
0065WA
8907WC
7182WA
8877WB
5056WA
7249WA
7047WB
9776WB
65026
65028
65034
65038
0650C4
65046
65048
65050
65054
65056
65058
65062
65033
65037
65043
65049
65053
65055
65059
65061
65063
65065
65067
0650HV
0650HW
8605WB
522210
5222C6
5222C8
9318WB
0109WB
539826
5398WE
5226WA
471512
471513
WARRANTS
AAX-WA
ACCSOFT-WA
AEON-CG
AHB-WB
AIRASIAC24
AIRASIAC26
AIRASIAC27
AIRASIAC29
AIRASIAC30
AIRASIAC31
AIRASIAC32
AIRASIAC33
AIRASIAC34
AIRPORT-CO
ANZO-WA
ANZO-WB
ARMADA-C11
ARMADA-C14
ARMADA-C15
ARMADA-C6
ARMADA-C9
ASDION-WB
ASIAPLY-WA
ASTRO-CV
AT-WA
AXIATA-C5
AXIATA-C8
AZRB-WA
BHS-WA
BIMB-WA
BINTAI-WA
BJAUTO-CK
BJAUTO-CL
BJAUTO-CM
BJCORP-CZ
BJCORP-WB
BJFOOD-WA
BJMEDIA-WA
BORNOIL-WC
BRIGHT-WB
BTM-WA
CAB-WA
CAP-WA
CAREPLS-WA
CBIP-WA
CENSOF-WA
CENSOF-WB
CIMB-C10
CONNECT-WA
CSL-WA
CUSCAPI-WA
DESTINI-WA
DGB-WA
DIALOG-WA
DIGI-C9
DIGISTA-WA
DNONCE-WA
DOLPHIN-WA
DPS-WA
DPS-WB
DRBHCOMC18
DRBHCOMC19
DRBHCOMC20
DRBHCOMC21
DSONIC-CI
E&O-WB
EAH-WB
EAH-WC
ECOFIRS-WC
ECOWLD-WA
EDGENTA-CD
EDGENTA-CE
EDUSPEC-WA
EFORCE-WA
EG-WC
EKA-WA
EKOVEST-WB
ENGTEX-WA
EWEIN-WA
FAJAR-WB
FARMBES-WB
FBMKLCI-C26
FBMKLCI-C28
FBMKLCI-C34
FBMKLCI-C38
FBMKLCI-C4
FBMKLCI-C46
FBMKLCI-C48
FBMKLCI-C50
FBMKLCI-C54
FBMKLCI-C56
FBMKLCI-C58
FBMKLCI-C62
FBMKLCI-H33
FBMKLCI-H37
FBMKLCI-H43
FBMKLCI-H49
FBMKLCI-H53
FBMKLCI-H55
FBMKLCI-H59
FBMKLCI-H61
FBMKLCI-H63
FBMKLCI-H65
FBMKLCI-H67
FBMKLCI-HV
FBMKLCI-HW
FFHB-WB
FGV-C10
FGV-C6
FGV-C8
FITTERS-WB
FLONIC-WB
GAMUDA-C26
GAMUDA-WE
GBGAQRS-WA
GENM-C12
GENM-C13
CLOSE
(RM)
0.295
0.095
0.100
0.125
0.840
0.930
0.345
0.130
0.435
0.255
0.365
0.200
0.215
0.025
0.070
0.075
0.015
0.025
0.090
0.010
0.020
0.170
0.160
0.050
0.025
0.030
0.050
0.355
0.145
0.330
0.135
0.120
0.115
0.095
0.045
0.145
1.190
0.060
0.080
0.085
0.050
1.020
0.005
0.085
0.420
0.065
0.105
0.050
0.075
0.015
0.050
0.165
0.015
0.350
0.015
0.050
0.095
0.165
0.040
0.055
0.005
0.075
0.035
0.070
0.040
0.190
0.045
0.050
0.130
0.385
0.100
0.115
0.155
1.300
0.530
0.030
0.825
0.350
0.360
0.195
0.210
0.010
0.030
0.025
0.030
0.020
0.155
0.075
0.065
0.095
0.030
0.030
0.030
0.090
0.080
0.040
0.215
0.035
0.050
0.110
0.185
0.110
0.185
0.180
0.065
0.125
0.450
0.040
0.025
0.030
0.115
0.015
0.130
0.970
0.210
0.030
0.110
+/(RM)
VOL PARENT
EXE
(‘000)
PRICE PRICE
-0.030 102813.6
-0.015
22.6
-0.050
1
-0.005
250
-0.025
300
-0.045
119.3
-0.020
102
-0.010
1000
Unch
916
-0.005
3715.4
-0.005
575
-0.010
2841.1
-0.005
2280
-0.005
23.4
0.005
317.8
0.010
112
Unch
10
Unch
550
-0.005
150.4
-0.005
650
Unch
10
Unch
23.2
-0.005
1515.3
-0.035
45.3
-0.005
100
Unch
25
-0.010
155
0.020
1083.8
0.005
238.8
-0.010
221.4
0.005
453
Unch
20.8
Unch
20
0.005
100
-0.005
200
0.005
191
Unch
2.5
0.050
1
-0.005
1850.5
Unch
70
-0.010
260
-0.010
149.4
Unch
50
Unch
398.8
-0.040
10.3
-0.005
236.2
Unch
240.4
Unch
310
-0.005
300
Unch
207.1
Unch
413.5
-0.005
1259.9
0.005
100
-0.005
11.8
Unch
3.6
Unch
67
0.005
454
-0.010
697.5
Unch
376
-0.005
2711.8
Unch
200
Unch
1125.1
Unch
750
-0.010
2468
Unch
80
Unch
22.5
Unch
6.7
-0.005
50
Unch
29
-0.010
94
-0.050
200
-0.010
450.1
Unch
109.8
-0.100
3597.1
0.035
2053.9
Unch 12543.1
0.015
1600.8
-0.020
62
-0.015
125.5
-0.010
1341.7
0.010
1260.1
-0.070
1180
-0.015
350
0.005
243.1
-0.010
500
-0.005
150
-0.005
600.3
-0.005
280
Unch
3207
Unch
131.6
Unch
140
-0.005
1400
-0.005
693
Unch
1.5
Unch
2997.7
Unch
994.9
Unch
450
Unch
150
-0.010
200
Unch
677
Unch
202.8
Unch
130
-0.005
80.1
-0.005
420
Unch
238.9
0.005
4474.8
0.005
121
0.005
465
Unch
181
Unch
50
0.005
442.5
Unch
24.2
-0.040
20.6
0.005
1429.6
0.015
3329.8
Unch
10
-0.005
60
0.390
0.200
2.760
0.225
2.310
2.310
2.310
2.310
2.310
2.310
2.310
2.310
2.310
6.310
0.275
0.275
0.715
0.715
0.715
0.715
0.715
0.280
0.260
2.690
0.050
5.370
5.370
0.730
0.440
3.890
0.245
2.300
2.300
2.300
0.365
0.365
1.960
0.405
0.145
0.300
0.225
1.620
0.055
0.405
2.170
0.265
0.265
4.380
0.110
0.095
0.115
0.605
0.075
1.560
4.450
0.180
0.250
0.675
0.110
0.110
0.930
0.930
0.930
0.930
1.240
1.590
0.095
0.095
0.255
1.290
3.700
3.700
0.285
1.840
0.880
0.120
1.710
1.160
0.955
0.585
0.795
1,634
1,634
1,634
1,634
1,634
1,634
1,634
1,634
1,634
1,634
1,634
1,634
1,634
1,634
1,634
1,634
1,634
1,634
1,634
1,634
1,634
1,634
1,634
1,634
1,634
0.990
1.380
1.380
1.380
0.450
0.045
4.770
4.770
0.895
4.330
4.330
0.460
0.100
3.000
0.200
1.050
0.900
1.280
2.000
2.000
1.500
1.500
2.100
2.000
6.800
0.250
0.250
1.000
0.950
0.800
1.000
0.980
0.500
0.100
3.000
0.120
6.500
5.850
0.700
0.600
4.720
0.200
2.000
2.200
2.100
0.370
1.000
0.700
0.870
0.100
0.820
0.940
0.550
1.429
0.320
2.400
0.460
0.460
4.800
0.100
1.150
0.270
0.400
0.110
1.190
5.100
0.130
0.250
0.800
0.540
0.100
1.300
1.000
1.100
0.950
1.380
2.600
0.120
0.100
0.300
2.080
3.680
3.300
0.180
0.680
0.500
0.200
1.350
0.830
0.610
0.700
1.000
1,750
1,670
1,660
1,690
1,700
1,640
1,600
1,650
1,595
1,710
1,730
1,700
1,588
1,680
1,600
1,600
1,570
1,530
1,650
1,710
1,610
1,690
1,700
1,658
1,700
0.500
1.550
1.500
1.500
1.000
0.050
4.500
4.050
1.300
4.250
4.300
PR’M
(%)
93.59
-2.50
19.57
44.44
0.00
-0.65
0.22
0.65
24.24
1.36
4.44
12.55
14.50
9.35
16.36
18.18
44.06
39.86
24.48
42.66
44.06
139.29
0.00
15.24
190.00
23.28
11.73
44.52
69.32
29.82
36.73
0.00
10.65
7.83
13.70
213.70
-3.57
129.63
24.14
201.67
340.00
-3.09
2,507
0.00
29.95
98.11
113.21
15.30
59.09
1,127
178.26
-6.61
66.67
-1.28
15.45
0.00
38.00
42.96
427.27
40.91
41.13
15.59
27.69
13.44
22.58
75.47
73.68
57.89
68.63
91.09
15.68
4.73
17.54
7.61
17.05
91.67
27.19
1.72
1.57
52.99
52.20
7.19
2.61
2.61
4.29
4.80
3.16
1.08
3.71
1.63
5.88
7.10
5.27
3.80
6.19
-0.42
1.81
-2.47
-4.27
5.64
12.52
3.19
11.30
11.69
4.65
9.09
-4.04
23.33
14.13
13.04
147.78
44.44
2.52
5.24
68.72
0.23
9.47
EXPIRY
DATE
08/06/2020
18/01/2019
26/01/2017
28/08/2019
31/05/2016
18/07/2016
28/10/2016
31/05/2016
31/01/2017
15/08/2016
30/09/2016
28/10/2016
28/02/2017
30/06/2016
19/11/2019
25/08/2023
07/10/2016
30/09/2016
28/02/2017
30/08/2016
28/11/2016
24/03/2019
13/12/2020
31/01/2017
29/01/2019
28/10/2016
31/01/2017
13/05/2024
18/10/2020
04/12/2023
15/06/2020
31/05/2016
29/07/2016
28/11/2016
31/10/2016
22/04/2022
08/08/2017
16/12/2016
08/11/2025
12/01/2019
20/12/2019
08/02/2020
29/12/2016
09/08/2016
06/11/2019
18/07/2017
07/10/2019
10/08/2016
17/09/2021
18/09/2017
24/04/2018
03/10/2016
22/04/2018
10/02/2017
30/09/2016
07/02/2017
25/11/2020
29/03/2021
03/01/2018
15/01/2025
29/07/2016
30/11/2016
30/11/2016
15/12/2016
30/08/2016
21/07/2019
24/02/2019
18/06/2019
10/09/2019
26/03/2022
28/10/2016
10/08/2016
24/12/2018
17/07/2019
03/11/2020
22/01/2019
25/06/2019
25/10/2017
09/06/2017
24/09/2019
13/07/2018
31/05/2016
31/05/2016
30/06/2016
30/06/2016
29/07/2016
29/07/2016
30/08/2016
30/08/2016
30/09/2016
31/10/2016
31/10/2016
30/11/2016
30/09/2016
30/06/2016
29/07/2016
29/07/2016
30/08/2016
30/08/2016
30/09/2016
31/10/2016
31/10/2016
31/10/2016
30/11/2016
30/06/2016
29/07/2016
30/03/2017
30/09/2016
29/07/2016
18/07/2016
12/10/2019
06/11/2019
30/11/2016
06/03/2021
20/07/2018
31/05/2016
30/09/2016
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
0.155
3.200
0.250
0.580
0.220
0.220
2.380
0.265
0.100
0.055
0.090
0.710
0.315
6.200
0.120
1.510
0.255
0.830
0.345
0.840
1.210
0.630
1.000
1.490
1.180
1.410
0.550
0.920
1.350
0.835
1.050
1.310
1.650
0.735
0.600
1.270
0.880
1.250
1.740
0.230
0.010
0.030
0.360
0.235
0.105
0.140
0.435
0.110
0.165
2.320
0.040
0.345
0.225
0.180
0.090
0.165
0.150
0.090
0.150
0.120
0.935
0.370
0.240
0.165
0.125
3.000
0.025
1.280
0.300
0.050
0.025
0.865
0.165
0.190
0.585
0.700
1.110
0.665
0.450
0.045
0.470
0.130
0.350
0.220
0.100
0.310
0.170
0.105
0.330
0.235
0.160
0.095
0.320
0.540
0.105
0.405
0.035
0.455
0.360
0.485
0.080
0.150
0.780
0.605
1.260
0.360
0.240
0.240
0.090
0.465
0.360
0.180
0.100
0.145
0.060
0.035
0.060
0.080
0.125
0.240
0.195
0.095
1.500
0.045
0.185
0.090
0.105
0.530
0.125
0.020
0.025
0.010
0.145
0.220
2.930
0.015
0.625
0.025
0.370
0.220
0.010
0.100
0.160
0.365
0.705
0.545
0.960
0.200
0.395
0.735
0.375
0.615
0.310
0.580
0.190
0.330
0.775
0.630
0.800
1.180
0.050
0.005
0.020
0.155
0.160
0.070
0.085
0.085
0.045
0.140
0.813
0.010
0.150
0.050
0.125
0.020
0.005
0.030
0.035
0.065
0.050
0.120
0.105
0.030
0.060
0.065
0.850
0.010
0.350
0.035
0.005
0.010
0.260
0.065
0.090
0.130
0.470
0.370
0.300
0.215
0.025
0.240
0.045
0.130
0.100
0.060
0.110
0.035
0.040
0.150
0.115
0.075
0.055
0.155
0.040
0.050
0.130
0.010
0.305
0.110
0.210
0.025
0.025
0.280
0.235
0.500
0.115
0.025
0.075
0.020
0.120
0.120
0.045
0.035
0.085
0.020
0.010
0.020
0.020
0.045
0.150
0.100
0.100
2.710
0.080
0.335
0.125
0.115
1.760
0.170
0.030
0.040
0.015
0.705
0.280
6.090
0.015
0.975
0.160
0.400
0.230
0.015
0.125
0.190
0.420
0.795
0.585
1.040
0.230
0.425
0.810
0.410
0.650
0.545
0.985
0.305
0.535
1.220
0.770
1.190
1.670
0.065
0.005
0.025
0.175
0.200
0.080
0.105
0.095
0.065
0.165
1.300
0.020
0.175
0.070
0.140
0.050
0.010
0.130
0.040
0.085
0.080
0.510
0.120
0.030
0.075
0.075
2.140
0.020
1.240
0.050
0.020
0.015
0.710
0.080
0.130
0.240
0.620
0.375
0.555
0.385
0.030
0.270
0.090
0.200
0.135
0.060
0.130
0.040
0.045
0.165
0.140
0.075
0.055
0.290
0.075
0.060
0.300
0.020
0.370
0.215
0.335
0.030
0.035
0.730
0.575
0.920
0.295
0.105
0.135
0.055
0.330
0.180
0.055
0.040
0.100
0.025
0.015
0.030
0.040
0.075
0.215
0.175
0.100
2.690
0.075
0.315
0.120
0.110
1.700
0.170
0.030
0.030
0.010
0.705
0.275
5.950
0.015
0.965
0.120
0.390
0.230
0.010
0.100
0.165
0.380
0.735
0.565
1.010
0.220
0.420
0.810
0.410
0.650
0.505
0.925
0.280
0.535
1.220
0.770
1.160
1.610
0.055
0.005
0.025
0.175
0.200
0.080
0.105
0.090
0.045
0.165
1.150
0.015
0.170
0.055
0.140
0.045
0.005
0.120
0.035
0.085
0.080
0.440
0.115
0.030
0.075
0.075
2.120
0.015
1.180
0.035
0.020
0.015
0.705
0.075
0.125
0.220
0.620
0.370
0.545
0.385
0.025
0.265
0.085
0.200
0.135
0.060
0.130
0.035
0.040
0.150
0.130
0.075
0.055
0.265
0.055
0.060
0.250
0.020
0.365
0.180
0.325
0.025
0.030
0.720
0.565
0.900
0.260
0.095
0.135
0.050
0.315
0.180
0.050
0.035
0.095
0.025
0.015
0.025
0.040
0.075
0.200
0.170
CODE
471514
2291WA
318224
318225
318228
318229
3182WA
1147WA
0074WA
7096WA
7022CG
3034CN
3034CR
3034WA
5168CS
5095WB
5072WA
5169WA
7213WB
65119
65120
65121
65122
65123
65124
65126
65130
65132
65134
65138
65140
65125
65127
65129
65135
65139
65141
65143
65145
6238CD
7013WB
9601WD
4251WA
9687WB
5225CY
5225CZ
0166CJ
0166CQ
0166CR
0166WB
0094WA
3379WB
1961C9
5249CK
7183WA
0010WA
5175WA
0024WA
9083WB
8923WA
7167WA
4383CE
5247CL
5247CM
5247CP
7216WA
3115WC
7161WA
3565WE
8303WA
0036WA
5171WA
7164WA
7164WB
7017WB
5878WB
5038WA
5789WA
5789WB
5068WA
7617WB
8583C2
8583WB
8583WC
5264CM
6181WB
6012CT
115517
115518
115519
115520
115521
5152WA
5983WA
0167WB
1694WB
0075WA
3069WA
3662WB
5186CY
3816C4
3816C5
9571WC
9571WD
6114WB
7595WA
2194C1
1651WA
0092WB
0138CN
0138CT
0138CU
0138CW
0138CX
0096WA
0096WB
0096WC
7139WA
0083WB
0172WA
7071WB
WARRANTS
GENM-C14
GENP-WA
GENTINGC24
GENTINGC25
GENTINGC28
GENTINGC29
GENTING-WA
GOB-WA
GOCEAN-WA
GPA-WA
GTRONIC-CG
HAPSENG-CN
HAPSENG-CR
HAPSENG-WA
HARTA-CS
HEVEA-WB
HIAPTEK-WA
HOHUP-WA
HOVID-WB
HSI-C19
HSI-C20
HSI-C21
HSI-C22
HSI-C23
HSI-C24
HSI-C26
HSI-C30
HSI-C32
HSI-C34
HSI-C38
HSI-C40
HSI-H25
HSI-H27
HSI-H29
HSI-H35
HSI-H39
HSI-H41
HSI-H43
HSI-H45
HSL-CD
HUBLINE-WB
HWGB-WD
IBHD-WA
IDEALUBB-WB
IHH-CY
IHH-CZ
INARI-CJ
INARI-CQ
INARI-CR
INARI-WB
INIX-WA
INSAS-WB
IOICORP-C9
IOIPG-CK
IRETEX-WA
IRIS-WA
IVORY-WA
JAG-WA
JETSON-WB
JIANKUN-WA
JOHOTIN-WA
JTIASA-CE
KAREX-CL
KAREX-CM
KAREX-CP
KAWAN-WA
KBUNAI-WC
KERJAYA-WA
KEURO-WE
KFM-WA
KGROUP-WA
KIMLUN-WA
KNM-WA
KNM-WB
KOMARK-WB
KPJ-WB
KSL-WA
LBS-WA
LBS-WB
LUSTER-WA
MAGNA-WB
MAHSING-C2
MAHSING-WB
MAHSING-WC
MALAKOF-CM
MALTON-WB
MAXIS-CT
MAYBANKC17
MAYBANKC18
MAYBANKC19
MAYBANKC20
MAYBANKC21
MBL-WA
MBMR-WA
MCLEAN-WB
MENANG-WB
MEXTER-WA
MFCB-WA
MFLOUR-WB
MHB-CY
MISC-C4
MISC-C5
MITRA-WC
MITRA-WD
MKH-WB
MLGLOBAL-WA
MMCCORP-C1
MRCB-WA
MTOUCHE-WB
MYEG-CN
MYEG-CT
MYEG-CU
MYEG-CW
MYEG-CX
NEXGRAM-WA
NEXGRAM-WB
NEXGRAM-WC
NICE-WA
NOTION-WB
OCK-WA
OCR-WB
CLOSE
(RM)
+/(RM)
0.100
2.710
0.075
0.325
0.120
0.115
1.740
0.170
0.030
0.040
0.015
0.705
0.275
6.010
0.015
0.970
0.135
0.395
0.230
0.010
0.115
0.170
0.410
0.755
0.575
1.010
0.220
0.420
0.810
0.410
0.650
0.535
0.955
0.290
0.535
1.220
0.770
1.160
1.670
0.055
0.005
0.025
0.175
0.200
0.080
0.105
0.095
0.065
0.165
1.280
0.020
0.170
0.060
0.140
0.050
0.010
0.125
0.035
0.085
0.080
0.480
0.120
0.030
0.075
0.075
2.140
0.015
1.230
0.050
0.020
0.015
0.710
0.080
0.130
0.225
0.620
0.375
0.545
0.385
0.030
0.270
0.085
0.200
0.135
0.060
0.130
0.040
0.045
0.160
0.135
0.075
0.055
0.275
0.065
0.060
0.300
0.020
0.370
0.195
0.325
0.030
0.035
0.730
0.570
0.900
0.260
0.100
0.135
0.050
0.330
0.180
0.055
0.040
0.100
0.025
0.015
0.030
0.040
0.075
0.200
0.175
0.005
-0.020
-0.020
-0.015
-0.010
-0.005
-0.010
Unch
-0.005
0.010
Unch
0.005
Unch
-0.040
Unch
Unch
-0.035
0.005
0.005
-0.010
-0.010
-0.020
-0.015
-0.040
-0.040
-0.070
-0.015
-0.045
-0.035
-0.020
-0.045
0.010
0.005
-0.010
0.015
Unch
-0.075
0.010
0.050
-0.005
Unch
Unch
0.005
-0.010
0.010
0.005
Unch
0.015
0.020
0.110
Unch
Unch
Unch
0.005
0.010
Unch
-0.005
Unch
Unch
-0.005
0.030
Unch
-0.005
-0.005
-0.005
0.020
-0.005
0.040
0.005
Unch
Unch
Unch
0.005
Unch
-0.025
-0.030
Unch
-0.005
Unch
Unch
0.010
-0.005
-0.005
Unch
-0.005
-0.010
Unch
Unch
Unch
Unch
-0.010
-0.005
Unch
Unch
-0.005
0.050
Unch
Unch
Unch
-0.010
Unch
0.010
0.010
-0.010
0.005
-0.025
0.010
Unch
Unch
0.020
Unch
0.005
Unch
0.005
Unch
Unch
0.005
-0.005
Unch
-0.005
0.005
VOL PARENT
EXE
(‘000)
PRICE PRICE
30
160.7
80
521
470
300
1219.4
50.5
2.5
6494.1
2782.2
20
12.3
56.4
100
218.8
5738.5
75
30
750.1
12699.2
5965.9
1373
299.5
140
4
65
70
5
100
5
28.5
37.2
851
200
5
5
10
15
758.9
450
30
11
11
20
20
430
63
20
647.7
12144.6
208.2
188.9
180
319.5
611.6
1574.4
112.4
17.7
290
3544.4
360
40
40
20
36
4218.5
219.5
405.6
0.1
100
32.2
770
418.1
403.7
0.6
29
163.7
92.2
45
152.4
21.5
35
290
255
4
68.6
4293.4
355.1
586.6
35
2
317.2
95.1
1.9
552
30
2.1
1446.8
12
35
157.7
19.8
253
42.9
85.2
246.9
586.1
180
28
102.9
1750.1
1278
353.8
20
50
260
90.8
1025
20800.9
507
4.330
10.640
8.570
8.570
8.570
8.570
8.570
0.495
0.090
0.095
3.210
7.800
7.800
7.800
4.300
1.210
0.385
0.840
0.405
10,405
10,404
10,405
10,405
10,405
10,405
10,405
10,405
10,405
10,405
10,405
10,405
10,405
10,405
10,405
10,405
10,405
10,405
10,405
10,405
1.730
0.010
0.060
0.500
0.810
6.620
6.620
2.900
2.900
2.900
2.900
0.055
0.665
4.240
2.300
0.250
0.160
0.460
0.090
0.220
0.255
1.960
1.300
2.410
2.410
2.410
3.140
0.045
1.950
0.920
0.105
0.060
1.780
0.460
0.460
0.450
4.280
1.170
1.570
1.570
0.060
0.990
1.490
1.490
1.490
1.610
0.700
5.440
8.470
8.470
8.470
8.470
8.470
0.855
2.150
0.170
0.845
0.065
1.720
1.330
1.180
7.500
7.500
1.340
1.340
2.410
0.640
2.100
1.190
0.135
2.030
2.030
2.030
2.030
2.030
0.060
0.060
0.060
0.105
0.400
0.815
0.575
4.500
7.750
8.000
7.000
7.800
9.300
7.960
0.800
0.340
0.100
6.300
5.000
6.600
1.650
6.000
0.250
0.690
0.600
0.180
22,800
21,400
22,000
20,600
19,200
20,200
18,800
22,400
21,000
19,600
21,800
20,400
19,000
20,400
17,000
17,800
20,600
18,600
20,000
21,400
2.000
0.010
0.180
1.410
1.000
6.700
6.670
2.640
3.500
2.800
1.600
0.100
1.000
4.700
2.100
0.800
0.150
0.750
0.100
0.750
0.320
2.280
1.100
3.000
2.667
2.533
0.930
0.131
0.880
1.180
0.510
0.100
1.680
0.980
1.000
0.300
4.010
0.800
1.000
1.250
0.100
0.900
1.450
1.440
2.100
1.600
1.000
6.300
8.200
8.350
8.600
9.400
9.000
0.800
3.200
0.250
1.000
0.130
2.220
2.060
0.900
9.500
8.600
0.600
1.090
1.890
0.500
2.100
2.300
0.270
1.225
1.775
2.300
2.350
1.900
0.100
0.260
0.100
0.160
1.000
0.710
0.350
PR’M
(%)
13.16
-1.69
0.35
0.64
7.82
19.92
13.19
95.96
311.11
47.37
99.07
0.26
2.24
-1.79
42.33
0.83
114.29
18.45
1.23
119.20
106.67
112.89
101.51
91.05
99.10
89.41
117.17
105.45
95.36
113.04
101.67
87.22
104.32
65.88
75.69
108.52
85.41
102.23
120.10
20.38
50.00
241.67
217.00
48.15
8.46
7.10
1.52
29.66
14.76
-0.69
118.18
75.94
15.80
9.57
240.00
0.00
90.22
50.00
279.55
56.86
40.82
3.08
27.80
21.02
17.56
-2.23
224.44
8.21
33.70
404.76
91.67
34.27
130.43
145.65
16.67
8.18
0.43
-1.59
4.14
116.67
18.18
3.02
10.07
50.00
10.56
61.43
18.01
2.13
5.19
5.52
14.52
12.10
25.73
51.86
82.35
53.85
130.77
50.58
69.55
3.81
29.47
17.47
-0.75
23.88
15.77
18.75
9.52
104.62
137.04
0.99
5.17
21.43
24.63
12.32
108.33
358.33
116.67
90.48
168.75
11.66
-8.70
EXPIRY
DATE
28/10/2016
17/06/2019
08/06/2016
18/07/2016
23/11/2016
30/11/2016
18/12/2018
24/12/2019
07/08/2019
03/06/2025
30/09/2016
30/08/2016
30/11/2016
09/08/2016
31/01/2017
28/02/2020
09/01/2017
21/12/2018
05/06/2018
29/06/2016
29/06/2016
28/07/2016
28/07/2016
28/07/2016
30/08/2016
30/08/2016
29/09/2016
29/09/2016
29/09/2016
28/10/2016
28/10/2016
28/07/2016
28/07/2016
30/08/2016
29/09/2016
29/09/2016
28/10/2016
28/10/2016
28/10/2016
11/11/2016
20/12/2020
15/03/2021
08/10/2019
30/03/2021
30/09/2016
28/02/2017
18/07/2016
28/10/2016
30/11/2016
17/02/2020
16/11/2020
25/02/2020
30/12/2016
15/12/2016
10/06/2019
24/06/2016
26/04/2017
14/08/2019
06/02/2019
23/12/2021
21/11/2017
18/07/2016
29/07/2016
28/10/2016
23/11/2016
28/07/2016
20/10/2023
20/12/2017
26/08/2016
19/10/2016
02/07/2018
12/03/2024
15/11/2017
21/04/2020
21/01/2020
23/01/2019
19/08/2016
11/06/2018
04/10/2020
03/06/2022
04/09/2020
30/09/2016
16/03/2018
21/02/2020
28/11/2016
29/06/2018
30/12/2016
18/07/2016
15/08/2016
30/12/2016
30/09/2016
11/10/2016
28/11/2022
14/06/2017
07/10/2020
09/07/2019
17/09/2018
08/04/2020
09/05/2017
30/11/2016
28/10/2016
30/12/2016
04/07/2016
23/08/2020
29/12/2017
27/10/2019
30/09/2016
14/09/2018
16/03/2020
30/08/2016
30/09/2016
29/07/2016
23/11/2016
31/10/2016
16/05/2022
21/07/2023
15/01/2024
09/08/2017
02/05/2017
15/12/2020
02/09/2016
Ch
bea
SH
ter
ma
the
stim
to 3
po
we
wa
no
po
stim
sto
bot
Yu
the
ste
of
pre
of s
Jun
the
wit
tha
LP
S
M
Bu
Ma
Y
H
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2
1
0
0
0
0
2
0
5
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
1
1
0
0
0
T U E SDAY MAY 24 , 20 16 • T HEED G E FINA NCIA L DA ILY
Markets 2 9
B U R S A M A L AY S I A E Q U I T Y D E R I VAT I V E S
RY
ATE
016
019
016
016
016
016
018
019
019
025
016
016
016
016
017
020
017
018
018
016
016
016
016
016
016
016
016
016
016
016
016
016
016
016
016
016
016
016
016
016
020
021
019
021
016
017
016
016
016
020
020
020
016
016
019
016
017
019
019
021
017
016
016
016
016
016
023
017
016
016
018
024
017
020
020
019
016
018
020
022
020
016
018
020
016
018
016
016
016
016
016
016
022
017
020
019
018
020
017
016
016
016
016
020
017
019
016
018
020
016
016
016
016
016
022
023
024
017
017
020
016
China stocks — China stocks end up but deal valuing the German semiconductor
bearish trend seen persisting
equipment maker at €670 million, adding
to a string of Chinese takeovers of German
SHANGHAI: China stocks edged up yes- technology companies.
terday, but trading remained light, with the
FGC, a Chinese investment fund conmarket’s bearish trend seen persisting as trolled by businessman Zhendong Liu, said
the government holds off on further policy yesterday it would offer €6 per share to buy
stimulus.
loss-making Aixtron, representing a 51%
The blue-chip CSI 300 Index rose 0.3% premium over the company’s three-month
to 3,087.22 points, while the Shanghai Com- volume-weighted average share price.
posite Index gained 0.64% to 2,843.65.
News of the deal pushed the German
The Shanghai Index has fallen for five company’s stock up 15% to a five-month
weeks in a row as investor enthusiasm high of €5.49 in early trade.
waned on signs that China’s nascent ecoAixtron is the latest in a series of German
nomic recovery is losing steam and as industrial groups to be targeted by Chinese
policymakers turn more cautious about buyers as the world’s second-largest economy
stimulus as corporate bad debts soar.
tries to make the transition from a low-cost
“People would use any rebounds to sell factory location into a high-tech industrial hub.
stocks, as the market is in a bearish trend,
Last week, Chinese home appliance
both technically, and fundamentally,” said maker Midea Group made an offer to buy
Yu Bin, analyst at Zhongtai Securities.
factory robot manufacturer Kuka AG for
“Pessimism has replaced optimism as around US$5 billion.
the government has put restructuring, inMeanwhile, Hong Kong shares gave
stead of stimulus or growth, at the centre up initial gains and ended yesterday flat,
of its policymaking.”
reflecting continued investor caution amid
The market will also face some liquidity worries about China’s economy and a pospressure next month as 232.4 billion yuan worth sible US interest rate hike next month.
of shares will come out of lock-up periods in
The Hang Seng Index (HSI) fell 0.22%
June, up 12% from this month, according to to 19,809.03 points, while the China Enthe official Shanghai Securities News.
terprises Index gained 0.1% to 8,308.21.
But most stocks rebounded yesterday,
Most sectors fell, with property and
with banking being the only main sector energy shares heading declines.
that ended the session in negative territory.
Total trading volume of companies includFujian Grand Chip Investment Fund ed in the HSI was 1.1 billion shares, near
LP (FGC) has agreed to buy Aixtron in a the lowest level in more than four months.
Shanghai Composite
5800
+18.16
(+0.64%)
4825
3850
TOKYO: Japanese stocks fell yesterday
on fears that the government will proceed
with its plan to raise the sales tax next
April, risking a further blow to the sluggish economy.
The Nikkei Share Average slipped 0.49%
or 81.75 points to end at 16,654.6.
Media such as the Nikkei Business
Daily and the Asahi Shimbun reported
that Japanese Finance Minister Taro Aso
on Saturday told US Treasury Secretary
Jack Lew that Japan will proceed with an
April sales tax hike that market participants
have long expected would be delayed.
Traders said that the market was caught
off guard because the Nikkei Business Daily earlier this month reported that Prime
Minister Shinzo Abe had decided to delay
the tax hike to avoid a further blow to weak
consumer sentiment.
The reports added to concerns about
Japan’s weak consumer sentiment, while
the profit outlook for exporters’ shares also
suffered as the yen strengthened against
the US dollar due in part to Japan’s much
larger-than-expected trade surplus in April.
Investors’ attention has been on the Group
of Seven (G7) finance leaders’ meeting in Sendai, north eastern Japan, where the finance
leaders discussed such topics as currencies
and fiscal policies over the weekend.
“The market was 100% convinced that
Index points
28900
25625 21,056.93
17625
22350
14450
19075
-43.17
(-0.22%)
May 23, 2016
Mar 1, 2010
10,172.06
-81.75
(-0.49%)
3800
Mar 1, 2010
May 23, 2016
Bursa Malaysia Equity Derivatives
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
Main Market & Ace Market Warrants
1.140
0.140
0.270
0.100
0.765
0.710
0.310
0.235
0.345
0.280
0.200
0.560
1.210
0.125
0.595
0.200
0.125
0.940
2.550
0.180
0.025
0.025
0.260
0.160
0.470
0.465
0.400
0.170
0.070
0.390
0.380
0.150
0.085
0.130
0.240
0.285
0.120
0.075
0.080
0.515
0.290
0.280
1.060
0.045
0.025
0.080
0.110
0.500
0.260
0.255
0.630
0.060
0.030
0.040
0.170
0.160
0.025
0.020
0.135
0.155
0.015
0.240
0.480
0.030
0.360
0.145
0.055
0.360
0.600
0.070
0.005
0.015
0.105
0.125
0.115
0.120
0.065
0.025
0.005
0.195
0.020
0.025
0.050
0.025
0.011
0.022
0.010
0.050
0.015
0.230
0.100
0.130
0.497
0.010
0.010
0.040
0.025
0.330
0.070
0.085
0.770
0.095
0.040
0.040
0.310
0.230
0.035
0.030
0.190
0.180
0.015
0.285
0.760
0.045
0.525
0.150
0.120
0.430
1.800
0.080
0.010
0.020
0.220
0.145
0.185
0.150
0.080
0.115
0.020
0.290
0.110
0.035
0.050
0.040
0.190
0.230
0.015
0.055
0.035
0.285
0.245
0.205
0.570
0.015
0.015
0.080
0.075
0.355
0.085
0.100
0.755
0.095
0.035
0.040
0.295
0.225
0.030
0.025
0.185
0.175
0.015
0.285
0.760
0.045
0.525
0.150
0.115
0.430
1.780
0.075
0.010
0.020
0.215
0.135
0.180
0.130
0.080
0.105
0.015
0.285
0.110
0.030
0.050
0.025
0.175
0.215
0.010
0.055
0.035
0.270
0.235
0.205
0.550
0.015
0.010
0.060
0.070
0.350
0.080
0.085
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
0.375
0.470
0.095
0.100
0.190
0.385
0.260
0.140
0.310
0.080
0.310
0.185
0.600
0.795
2.000
1.110
0.280
0.195
0.435
0.090
2.020
0.170
5.140
0.010
0.085
0.150
0.115
0.260
0.220
0.150
0.115
0.530
0.465
0.200
0.050
0.275
0.150
0.140
0.210
0.130
1.050
0.270
1.000
1.550
0.140
0.135
0.170
0.060
0.255
0.010
0.010
0.075
0.095
0.005
0.065
0.130
0.015
0.015
0.025
0.330
0.235
0.705
0.645
0.020
0.045
0.160
0.035
0.315
0.070
4.500
0.005
0.025
0.015
0.070
0.060
0.040
0.080
0.050
0.090
0.310
0.050
0.005
0.055
0.035
0.015
0.030
0.080
0.410
0.055
0.780
0.620
0.055
0.040
0.075
0.075
0.285
0.085
0.025
0.170
0.135
0.045
0.065
0.235
0.020
0.045
0.045
0.395
0.725
1.900
0.700
0.120
0.045
0.405
0.040
0.655
0.100
5.020
0.005
0.025
0.065
0.080
0.070
0.060
0.090
0.075
0.275
0.355
0.085
0.010
0.065
0.035
0.020
0.040
0.080
0.745
0.075
0.820
1.340
0.075
0.050
0.120
0.070
0.285
0.075
0.020
0.170
0.135
0.045
0.065
0.235
0.020
0.025
0.035
0.360
0.725
1.880
0.670
0.110
0.045
0.400
0.040
0.655
0.080
5.000
0.005
0.025
0.050
0.080
0.065
0.055
0.085
0.075
0.265
0.345
0.075
0.010
0.055
0.035
0.015
0.040
0.080
0.730
0.075
0.820
1.310
0.065
0.045
0.115
CODE
9008WB
5053WC
0005WA
1295C4
1295C6
5183C1
5183C4
5183C5
9997WB
5146WA
5681CP
5681CQ
1945WC
8869CN
8869WC
7088WB
4634CV
5204CD
7168WA
0007WA
6807WB
7498WB
7765WA
0110WA
5256WA
7232WA
5270WA
0133WB
0133WC
5157WA
0028WA
7073WA
7246WA
4197C3
0060WA
521817
521821
521824
5218HC
7155CA
7155WA
0117WA
5242WA
7103WA
1201WA
1201WB
5263CB
WARRANTS
OMESTI-WB
OSK-WC
PALETTE-WA
PBBANK-C4
PBBANK-C6
PCHEM-C1
PCHEM-C4
PCHEM-C5
PENSONI-WB
PERWAJA-WA
PETDAG-CP
PETDAG-CQ
PJDEV-WC
PMETAL-CN
PMETAL-WC
POHUAT-WB
POS-CV
PRESBHD-CD
PRG-WA
PUC-WA
PUNCAK-WB
RALCO-WB
RAPID-WA
RA-WA
REACH-WA
RESINTC-WA
RSENA-WA
SANICHI-WB
SANICHI-WC
SAUDEE-WA
SCOPE-WA
SEACERA-WA
SIGN-WA
SIME-C3
SKH-WA
SKPETROC17
SKPETROC21
SKPETROC24
SKPETRO-HC
SKPRES-CA
SKPRES-WA
SMRT-WA
SOLID-WA
SPRITZER-WA
SUMATEC-WA
SUMATEC-WB
SUNCON-CB
CLOSE
(RM)
+/(RM)
0.070
0.285
0.080
0.025
0.170
0.135
0.045
0.065
0.235
0.020
0.045
0.045
0.365
0.725
1.900
0.695
0.115
0.045
0.405
0.040
0.655
0.100
5.020
0.005
0.025
0.060
0.080
0.070
0.055
0.090
0.075
0.270
0.355
0.085
0.010
0.065
0.035
0.020
0.040
0.080
0.745
0.075
0.820
1.330
0.075
0.050
0.120
-0.010
-0.005
Unch
Unch
0.010
Unch
Unch
-0.005
-0.005
-0.005
Unch
0.005
-0.015
-0.010
Unch
0.030
-0.005
-0.005
0.005
Unch
-0.045
0.010
Unch
Unch
-0.005
0.005
Unch
-0.005
-0.005
0.010
0.005
-0.005
Unch
Unch
0.005
Unch
Unch
0.005
-0.010
Unch
0.015
Unch
-0.010
0.020
Unch
Unch
0.005
VOL PARENT
EXE
(‘000)
PRICE PRICE
60.6
42.6
4837.9
200.2
353
560
213.4
20
16
40
213
58.6
25
10
46
325.6
358.1
1504
101.2
50
2.2
93.2
580
40
1465
466.8
1450
70
989.7
116.2
68.5
366
309.4
3.1
50
1422.9
60.2
2285.3
50
10
495
24
10
43
30.1
1077.4
135
0.470
1.580
0.095
19.280
19.280
6.430
6.430
6.430
0.620
0.105
23.640
23.640
1.400
3.010
3.010
1.500
2.810
2.180
1.140
0.065
1.180
0.855
5.970
0.010
0.690
0.480
0.410
0.185
0.185
0.290
0.165
0.890
1.060
7.510
0.075
1.620
1.620
1.620
1.620
1.310
1.310
0.200
1.340
2.580
0.110
0.110
1.620
0.500
1.800
0.040
19.300
18.000
6.000
6.250
7.300
0.600
1.000
23.000
24.860
1.000
1.600
1.100
1.000
2.770
3.000
0.750
0.100
1.000
1.000
1.000
0.170
0.750
0.500
0.500
0.400
0.400
0.500
0.150
1.000
0.970
7.900
0.100
1.700
1.980
2.100
1.700
1.500
0.550
0.180
0.500
1.180
0.320
0.175
1.450
PR’M
(%)
21.28
31.96
26.32
1.40
0.41
3.81
0.00
19.60
34.68
871.43
-0.42
8.21
-2.50
1.33
-0.33
13.00
6.76
42.78
1.32
115.38
40.25
28.65
0.84
1,650
12.32
16.67
41.46
154.05
145.95
103.45
36.36
42.70
25.00
9.72
46.67
14.97
30.86
33.95
9.88
26.72
-1.15
27.50
-1.49
-2.71
259.09
104.55
8.02
4630
16,654.60
8100
May 23, 2016
EXPIRY
DATE
30/05/2018
22/07/2020
20/03/2018
30/06/2016
30/09/2016
18/07/2016
31/05/2016
28/10/2016
20/01/2024
28/02/2022
30/06/2016
31/10/2016
04/12/2020
18/07/2016
22/08/2019
21/10/2020
31/10/2016
11/10/2016
06/07/2019
25/12/2024
20/07/2018
13/12/2019
07/04/2017
22/03/2017
12/08/2022
29/09/2016
01/12/2023
13/03/2018
24/09/2019
31/03/2021
17/07/2020
16/05/2017
21/04/2021
30/09/2016
16/01/2017
30/09/2016
28/11/2016
30/08/2016
31/05/2016
30/09/2016
27/06/2017
01/08/2017
16/12/2020
13/12/2016
03/03/2021
13/11/2018
07/10/2016
Index points
6290
5460
11275
19,809.03
15800
1900
Mar 1, 2010
ASX 200
Index points
20800
3,087.842
2875
a tax hike will be delayed,” said Norihiro
Fujito, senior investment strategist at Mitsubishi UFJ Morgan Stanley Securities.
Fujito said that the market still has to
wait for the prime minister to decide officially, but Aso’s move has put Japan into
a difficult position because it could be a
“breach of the international pledge” if Japan now says it will delay the tax hike.
At the meeting, G7 finance leaders
called for a mix of monetary, fiscal and
structural policies to boost demand, but
left it to each country to decide its own
policy priorities — dashing Japan’s calls
for more aggressive joint fiscal action.
The United States also issued a fresh
warning to Japan last Saturday against intervening in currency markets as the two
countries’ differences over foreign exchange
overshadowed the gathering.
Selling yesterday was broad based,
but energy shares particularly underperformed after oil prices slipped on a strong
US dollar as the odds grow of a June or
July US rate hike.
Inpex Corp dropped 2.21% and Japan
Petroleum Exploration Co shed 0.97%.
Home appliances and electronics exporter
Panasonic Corp edged down 0.28%. Auto exporter Toyota Motor Corp ended the day 1.01%
lower, while Honda Motor Co gained 0.2%.
The broader Topix fell 0.4% to end at
1,338.68 with all but 10 of its 33 subindices
in negative territory. The JPX-Nikkei Index
400 declined 0.4% to 12,090.65. — Reuters
Nikkei 225
Hang Seng
Index points
2,843.65
Japanse stocks — Nikkei drops on fears
govt will proceed with sales tax hike
CODE
5211WA
0148WB
710610
710612
7106C5
7106C7
7106C8
7106C9
7082WB
1538WB
5012CF
8524WB
5191WA
534719
534722
534727
534728
7252WA
7034WA
7889WB
7079WB
7079WC
0101WB
7113C6
7113CW
7113CX
7113CZ
5054WA
5054WB
5401WA
514818
514820
514828
4588CW
0069WB
0069WC
6963CD
6963CF
0066WA
6963WA
9679WD
9679WE
7245WA
5156WC
0095WA
0165WA
7020WB
6742WB
7028WA
2283WA
WARRANTS
SUNWAY-WA
SUNZEN-WB
SUPERMX-C10
SUPERMX-C12
SUPERMX-C5
SUPERMX-C7
SUPERMX-C8
SUPERMX-C9
SYF-WB
SYMLIFE-WB
TAANN-CF
TALIWRK-WB
TAMBUN-WA
TENAGA-C19
TENAGA-C22
TENAGA-C27
TENAGA-C28
TEOSENG-WA
TGUAN-WA
THRIVEN-WB
TIGER-WB
TIGER-WC
TMCLIFE-WB
TOPGLOV-C6
TOPGLOV-CW
TOPGLOV-CX
TOPGLOV-CZ
TRC-WA
TRC-WB
TROP-WA
UEMS-C18
UEMS-C20
UEMS-C28
UMW-CW
VIVOCOM-WB
VIVOCOM-WC
VS-CD
VS-CF
VSOLAR-WA
VS-WA
WCT-WD
WCT-WE
WZSATU-WA
XDL-WC
XINGHE-WA
XOX-WA
YKGI-WB
YTLPOWR-WB
ZECON-WA
ZELAN-WA
5,318.943
-32.363
(-0.60%)
4,686.53
Mar 1, 2010
CLOSE
(RM)
+/(RM)
0.770
0.095
0.035
0.040
0.305
0.225
0.035
0.025
0.185
0.175
0.015
0.285
0.760
0.045
0.525
0.150
0.115
0.430
1.780
0.075
0.010
0.020
0.215
0.135
0.185
0.150
0.080
0.115
0.020
0.290
0.110
0.035
0.050
0.030
0.175
0.215
0.015
0.055
0.035
0.285
0.245
0.205
0.570
0.015
0.010
0.075
0.070
0.355
0.080
0.090
0.005
-0.005
0.005
Unch
0.015
0.020
Unch
-0.005
-0.005
-0.005
Unch
-0.005
0.010
-0.015
0.005
0.005
Unch
Unch
0.020
-0.005
Unch
Unch
Unch
0.005
-0.005
0.010
0.015
Unch
0.005
0.010
Unch
Unch
-0.005
-0.005
-0.010
-0.015
Unch
0.005
Unch
0.010
Unch
Unch
0.005
Unch
-0.005
0.015
-0.005
Unch
Unch
-0.010
May 23, 2016
VOL PARENT
EXE
(‘000)
PRICE PRICE
13.2
235.3
260.2
45
938.7
29
853.1
393.4
197.8
40
50
1.9
5
4
1.2
2
188.9
0.2
24.7
270
1696
572.8
372.7
48.1
129.9
1604.9
100
348.7
258.4
35
400
1105
50
568.1
27732.1
5700.5
1306
570
180
1053.4
53.2
311.3
31.5
200
62807.6
91442.1
1255
1.9
55
1700.6
3.060
0.250
2.660
2.660
2.660
2.660
2.660
2.660
0.565
0.690
3.970
1.440
1.380
14.020
14.020
14.020
14.020
0.430
3.070
0.250
0.050
0.050
0.770
5.280
5.280
5.280
5.280
0.460
0.460
1.030
1.050
1.050
1.050
5.650
0.310
0.310
1.250
1.250
0.085
1.250
1.700
1.700
0.975
0.040
0.045
0.165
0.210
1.460
0.705
0.185
Please refer to the bursa malaysia website for the prices of Loan stocks, bonds and overseas structure warrants
2.250
0.250
3.170
4.000
2.100
2.200
3.000
3.300
0.700
1.100
5.500
1.700
0.600
13.500
10.500
13.700
14.400
1.350
1.500
0.640
0.170
0.080
0.750
5.150
4.040
4.625
6.900
0.500
0.610
1.000
0.930
1.000
1.050
7.000
0.240
0.100
1.600
1.300
0.120
1.650
1.710
2.080
0.500
0.115
0.100
0.200
0.500
1.140
1.060
0.250
PR’M
(%)
-1.31
38.00
24.44
59.40
1.88
-0.38
18.05
28.29
56.64
84.78
40.43
37.85
-1.45
0.14
1.11
7.88
8.45
313.95
6.84
186.00
260.00
100.00
25.32
10.32
2.79
4.64
39.77
33.70
36.96
25.24
4.29
5.24
14.29
26.55
33.87
1.61
32.08
19.40
82.35
54.80
15.00
34.41
9.74
225.00
144.44
66.67
171.43
2.40
61.70
83.78
EXPIRY
DATE
17/08/2016
25/02/2021
31/10/2016
31/01/2017
18/07/2016
31/05/2016
25/08/2016
29/07/2016
11/11/2019
11/11/2020
30/09/2016
11/11/2018
30/05/2017
08/06/2016
30/09/2016
30/08/2016
28/02/2017
29/01/2020
09/10/2019
05/10/2020
23/12/2018
11/02/2021
21/06/2019
28/02/2017
28/10/2016
10/08/2016
28/10/2016
20/01/2017
14/07/2016
06/12/2019
30/08/2016
18/07/2016
28/11/2016
31/01/2017
07/09/2018
22/01/2020
29/07/2016
30/09/2016
01/12/2017
06/01/2019
11/12/2017
27/08/2020
28/10/2024
02/07/2018
22/03/2019
10/02/2019
28/05/2020
11/06/2018
03/03/2017
25/01/2019
T UESDAY M AY 24, 2 0 16 • TH EEDGE FI N AN C I AL DAI LY
30 Markets
INSIDER MOVES . TRADING THEMES . EVENTS . FOREX
Trading themes
Insider moves (Filings on May 20, 2016)
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)
BERJAYA AUTO
BUMI ARMADA
CAHYA MATA SARAWAK
COMPUGATES
DIALOG GROUP
DIGI.COM
HONG LEONG BANK
HUBLINE
1,473,300
(12,961,000)
2,583,500
(20,000,000)
(7,727,000)
3,000,000
303,488
(75,000,000)
HUBLINE
IGB REAL ESTATE INVEST TRUST
IHH HEALTHCARE
IJM CORPORATION
IMASPRO CORPORATION
IOI CORPORATION
KOSSAN RUBBER INDUSTRIES
KUALA LUMPUR KEPONG
75,000,000
2,022,400
(1,879,700)
372,500
(673,000)
(2,360,000)
659,200
732,700
LINGKARAN TRANS KOTA
(7,000,000)
MALAKOFF CORPORATION
MALAYAN BANKING
MALAYSIA AIRPORTS
MAXIS
NWP
PPB GROUP
PUBLIC BANK
REACH ENERGY
(2,500,000)
(22,352,100)
(2,395,000)
624,000
(333,800)
(300,000)
(492,700)
825,000
SIME DARBY
STERLING PROGRESS
SYARIKAT TAKAFUL MALAYSIA
TELEKOM MALAYSIA
TELEKOM MALAYSIA
(2,368,800)
500,000
259,200
3,000,000
935,000
TENAGA NASIONAL
TIEN WAH PRESS
TOP GLOVE CORPORATION
UEM SUNRISE
WCT
WCT
YTL CORPORATION
(1,598,800)
(403,100)
1,000,000
683,200
758,000
427,500
(1,959,000)
SHARES HELD
AFTER CHANGE
TRANSACTION
DATE
EMPLOYEES PROVIDENT FUND BOARD
114,413,620
EMPLOYEES PROVIDENT FUND BOARD
405,872,600
EMPLOYEES PROVIDENT FUND BOARD
125,558,927
GOH KHENG PEOW
454,745,710
EMPLOYEES PROVIDENT FUND BOARD
609,244,904
EMPLOYEES PROVIDENT FUND BOARD
936,272,476
EMPLOYEES PROVIDENT FUND BOARD
292,064,059
RICHARD WEE LIANG HUAT
650,900,000
@ RICHARD WEE LIANG CHIAT
BILLION POWER S/B
1,251,025,439
EMPLOYEES PROVIDENT FUND BOARD
242,744,113
EMPLOYEES PROVIDENT FUND BOARD
715,037,300
EMPLOYEES PROVIDENT FUND BOARD
482,563,078
CHAN WENG FUI
1,864,000
EMPLOYEES PROVIDENT FUND BOARD
451,985,873
EMPLOYEES PROVIDENT FUND BOARD
62,720,000
AMANAHRAYA TRUSTEES
68,188,300
- SKIM AMANAH SAHAM BUMIPUTERA
AMANAHRAYA TRUSTEES
41,082,700
- SKIM AMANAH SAHAM BUMIPUTERA
EMPLOYEES PROVIDENT FUND BOARD
778,053,933
EMPLOYEES PROVIDENT FUND BOARD
1,425,024,783
EMPLOYEES PROVIDENT FUND BOARD
208,366,693
EMPLOYEES PROVIDENT FUND BOARD
628,074,934
SEPANG HEIGHTS
113,905,996
EMPLOYEES PROVIDENT FUND BOARD
79,059,679
EMPLOYEES PROVIDENT FUND BOARD
512,674,068
CREDIT SUISSE SECURITIES (EUROPE)
74,144,200
LTD. UK
EMPLOYEES PROVIDENT FUND BOARD
758,414,609
FNS AVENUE
64,714,600
EMPLOYEES PROVIDENT FUND BOARD
88,237,700
EMPLOYEES PROVIDENT FUND BOARD
504,968,336
AMANAHRAYA TRUSTEES
514,070,195
- SKIM AMANAH SAHAM BUMIPUTERA
EMPLOYEES PROVIDENT FUND BOARD
846,922,182
LEMBAGA TABUNG ANGKATAN TENTERA
5,038,100
EMPLOYEES PROVIDENT FUND BOARD
76,926,146
LEMBAGA TABUNG HAJI
315,175,800
EMPLOYEES PROVIDENT FUND BOARD
91,165,880
LEMBAGA TABUNG HAJI
124,963,321
EMPLOYEES PROVIDENT FUND BOARD
740,853,147
DIRECTOR/SUBSTANTIAL
SHAREHOLDER
17/5
13 & 16/5
17/5
20/5
13,16 & 17/5
17/5
17/5
20/5
Copper stocks, monthly change
20/5
17/5
17/5
16 & 17/5
19/5
16 & 17/5
16 & 17/5
16 - 18/5
16/5
16/5
13 & 17/5
13 & 16/5
17/5
19/5
17/5
17/5
13/5
London Metal Exchange copper inlfow by location
13, 16 & 17/5
19/5
17/5
17/5
18/5
17/5
13 & 16/5
17/5
17 & 18/5
17/5
18/5
17/5
While every effort is made to ensure accuracy, the information presented is not an exhaustive list and is not an official record of shareholder
filings. Direct and indirect share 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
• Lafarge Malaysia Bhd annual general meeting (AGM) at Ballroom 1, First Floor, Sime
Darby Convention Centre, 1A, Jalan Bukit
Kiara 1, Kuala Lumpur at 10am.
• Malaysian Bulk Carriers Bhd AGM at Banquet Hall, Kuala Lumpur Golf & Country
Club, No 10, Jalan 1/70D, Off Jalan Bukit
Kiara, Kuala Lumpur at 10am.
• Ark Resources Bhd AGM at Royal Commonwealth Society, No 4, Jalan Birah,
Damansara Heights, Kuala Lumpur at
10am.
• Advance Information Marketing Bhd AGM
at Crown 1, Level 1, Crystal Crown Hotel,
Kuala Lumpur, No 3, Jalan Jambu Mawar,
Off Jalan Kepong, Kuala Lumpur at 10am.
• Inch Kenneth Kajang Rubber Public Ltd
Co AGM at Bilik Perdana Dewan Perdana
Felda, Jalan Maktab, Off Jalan Semarak,
Kuala Lumpur at 10am.
• TRC Synergy Bhd AGM at Tun Lanang 1
Ballroom, The Royale Chulan Kuala Lumpur, Jalan Conlay, Kuala Lumpur at 11am.
• Astral Asia Bhd AGM at Kiara Room, Sri
Damansara Club, Lot 23304, Persiaran
Perdana, Bandar Sri Damansara, Kuala Stocks closest to year high
Lumpur at 11am.
HIGH
LOW
CLOSE
VOLUME
• Advance Information Marketing Bhd ex- STOCK
(RM)
(RM)
(RM)
('000)
traordinary general meeting (EGM) at EKOVEST-WB
0.840
0.805
0.825
1600.8
Crown 1, Level 1, Crystal Crown Hotel WANGZNG
1.010
0.950
0.970
700.1
Kuala Lumpur, No 3, Jalan Jambu Mawar, 3A
1.370
1.320
1.360
4953.9
1.960
1.820
1.840
3149.8
Off Jalan Kepong, Kuala Lumpur at 11am. EFORCE
1.450
1.340
1.410
841.5
• Tadmax Resources Bhd EGM at Inspire VERSATL
3.980
3.630
3.700
14
Room, OWG, No 10, Jalan Pelukis U1/46, EDGENTA
XOX-WA
0.080
0.060
0.075 91442.1
Section U1 Temasya Industrial Park, Glen- UTDPLT
27.900 27.000 27.700
4.1
marie Shah Alam, Selangor at 11.30am. EFORCE-WA
1.480
1.300
1.300
3597.1
• KUB AGM and press conference at Bilik AJI
13.420 12.980 13.380
74.9
0.920
0.880
0.915
5979
Perlis, Level 2 Putra World Trade Centre, YONGTAI
0.100
0.100
0.100
1
Kuala Lumpur at 10am. Press Conference AEON-CG
YEN
0.635
0.610
0.635
541.9
at 11.30am.
AEM-WA
0.075
0.055
0.070
8603.2
• SEG International Bhd AGM at Level 2, ARREIT
0.910
0.900
0.910
69
Right Wing, SEGi University, 9, Jalan Te- INARI-CR
0.165
0.165
0.165
20
knologi, Taman Sains Selangor, Kota Damansara, PJU 5, Petaling Jaya, Selangor at
This table shows stocks that are trading near their year high. This
2.30pm.
could suggest a build-up in buying momentum, or the possibility that
profit-taking activities could set in later.
Stocks closest to year low
STOCK
MAYBANKC18
ZELAN
ZELAN-WA
KSL
CHINA50-CG
GENM-C13
CHINA50-HF
FBMKLCI-C28
FBMKLCI-C58
FBMKLCI-C38
GTRONIC
APM
KSL-WA
NAIM
FGV-C6
THHEAVY
SALUTE
ARMADA-C15
HIGH
(RM)
LOW
(RM)
CLOSE
(RM)
VOLUME
('000)
0.165
0.205
0.100
1.170
0.115
0.110
0.015
0.030
0.030
0.030
3.230
3.720
0.375
1.900
0.025
0.125
0.805
0.095
0.150
0.180
0.085
1.140
0.115
0.105
0.015
0.020
0.025
0.025
3.040
3.680
0.370
1.870
0.020
0.115
0.780
0.080
0.160
0.185
0.090
1.170
0.115
0.110
0.015
0.030
0.030
0.030
3.210
3.700
0.375
1.870
0.025
0.125
0.795
0.090
355.1
7758.8
1700.6
1232.5
30
60
67
350
1400
500
2857.1
48.3
29
165.5
181
3372.4
4938.7
150.4
This table shows stocks that are trading near their year low. This
could suggest a build-up in selling momentum, or the possibility that
bargain hunting could set in later.
Foreign exchange rates
NZ
NZ $
EURO
0.605
US
SWISS
BRIT CANADA BRUNEI S’PORE
UAE
INA
INDIA
JAPAN NORWAY
PHIL
QATAR
SAUDI SWEDEN
5.266
0.891
0.936
0.936
0.939
2.7730
4.443
53.284
4.497
2.490
9,207
45.792
74.194
5.661
31.717
2.469
2.543
5.649
24.177
1.474
1.548
1.548
1.553
4.5861
7.347
88.123
7.437
4.118
15,226
75.732
122.705
9.363
52.455
4.083
4.206
9.342
39.986
8.709
0.990
0.690
1.314
1.380
1.380
1.385
4.0900
6.552
78.590
6.632
3.673
13,579
67.540
109.431
8.350
46.781
3.641
3.751
8.332
35.660
7.767
0.697
1.327
1.394
1.394
1.399
4.1301
6.617
79.361
6.697
3.709
13,712
68.202
110.504
8.432
47.239
3.677
3.788
8.413
36.010
7.843
1.904
2.000
2.000
2.007
5.9252
9.493
113.854
9.608
5.321
19,672
97.845
158.534
12.097
67.772
5.275
5.434
12.070
51.661
11.251
1.050
1.050
1.054
3.1122
4.986
59.802
5.047
2.795
10,333
51.393
83.270
6.354
35.597
2.771
2.854
6.340
27.135
5.910
1.000
1.003
2.9633
4.747
56.940
4.805
2.661
9,838
48.934
79.286
6.050
33.894
2.638
2.718
6.036
25.837
5.627
1.003
2.9633
4.747
56.940
4.805
2.661
9,838
48.934
79.286
6.050
33.894
2.638
2.718
6.036
25.837
5.627
2.9530
4.731
56.742
4.789
2.652
9,804
48.764
79.010
6.029
33.776
2.629
2.708
6.015
25.747
5.607
0.339
1.0000
1.602
19.215
1.622
0.898
3,320
16.513
26.756
2.042
11.438
0.890
0.917
2.037
8.719
1.899
21.064
21.137
62.4190
1,199
101.219
56.049
1,670
127.438
713.939
55.570
57.248
127.152
544.222
118.528
1.756
1.762
5.2042
8.338
8.439
4.673
17,278
85.939
139.243
10.625
59.525
4.633
4.773
10.601
45.375
9.882
20.810
20.810
20.883
61.6670
98.80
55.374
204,738
1,018.33
1,650
125.90
705.34
54.90
56.56
125.62
537.67
117.10
35.783
37.581
37.581
37.713 111.3652
178.42
2,140
180.59
1,839
2,980
227.37
1,274
99.14
102.14
226.86
970.98
211.47
0.097
0.102
0.102
0.102
0.3012
0.483
5.788
0.488
0.270
4.974
8.059
0.615
3.445
0.268
0.276
0.614
2.626
0.572
1.946
2.044
2.044
2.051
6.0557
9.702
116.361
9.820
5.438
162.025
12.364
69.264
5.391
5.554
12.336
52.799
11.499
1.489
0.901
1.010
STERLING £
2.137
1.292
1.449
1.435
CANADA $
1.122
0.679
0.761
0.754
0.525
BRUNEI $
1.069
0.646
0.725
0.717
0.500
0.952
SINGAPORE $
1.069
0.646
0.725
0.717
0.500
0.952
1.000
AUSTRALIA $
1.065
0.644
0.722
0.715
0.498
0.949
0.997
0.997
MALAYSIA RM
0.361
0.218
0.244
0.242
0.169
0.321
0.337
0.337
22.510
13.610
15.261
15.113
10.534
20.056
21.064
1.877
1.135
1.272
1.260
0.878
1.672
1.756
100 DANISH KRONER
22.238
13.447
15.078
14.931
10.408
19.815
100 UAE DIRHAM
40.161
24.283
27.229
26.964
18.795
1000 INA RUPIAH
0.109
0.066
0.074
0.073
0.051
100 INDIA RUPEE
2.184
1.320
1.481
1.466
1.022
1,185
207,234 1,030.748
369,738
20,105
1.348
0.815
0.914
0.905
0.631
1.201
1.261
1.261
1.266
3.7375
5.988
71.817
6.061
3.356
12,409
61.719
17.663
10.680
11.976
11.859
8.266
15.738
16.529
16.529
16.587
48.9800
78.470
941
79.427
43.981
162,616
808.825
1,311
7.631
2.961
42.749
3.327
3.428
7.614
32.587
7.097
560.226
43.605
44.923
99.776
427.049
93.008
3.153
1.906
2.138
2.117
1.476
2.809
2.950
2.950
8.7429
14.007
167.997
14.178
7.851
29,027
144.375
233.924
17.850
100 QATAR RIYAL
40.507
24.493
27.463
27.197
18.957
36.092
37.906
37.906
38.038 112.3256
179.954
2,158
182.149
100.862
372,927
1,855
3,005
229.330
100 SAUDI RIYAL
39.319
23.774
26.658
26.399
18.401
35.034
36.794
36.794
36.922 109.0318
174.677
2,095
176.807
97.905
361,991
1,800
2,917
222.605
1,247
97.068
100 SWEDISH KRONOR
17.703
10.704
12.002
11.886
8.285
15.773
16.566
16.566
16.624
49.0900
78.646
943.274
79.605
44.080
162,981
810.641
1,313
100.225
561.484
43.703
45.024
4.136
2.501
2.804
2.777
1.936
3.685
3.870
3.870
3.884
11.4694
18.375
220.387
18.599
10.299
38,079
189.398
306.874
23.416
131.185
10.211
10.519
23.364
18.991
11.483
12.876
12.751
8.888
16.921
17.771
17.771
17.833
52.6620
84.369 1,011.911
85.397
47.288
174,841
869.627
1,409
107.517
602.340
46.883
48.300
107.276
100 HK$
HK
0.468
SWISS FR
100 THAI BAHT
THAI
0.774
0.892
100 PHILIPPINE PESO
DENM’K
0.671
1.475
100 NORWEGIAN KRONER
BANGL’H
1.110
US $
100 JAPAN YEN
CHINA
0.678
1.654
100 CHINESE RMB
M’SIA
1.121
EURO
100 BANGLAD’H TAKA
AUST
7.784
1,285
8.019
17.810
76.228
16.602
103.021
228.816
979.350
213.295
950.632
207.041
428.008
93.217
222.106
21.779
459.152
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.
TU E SDAY MAY 24 , 20 16 • T HEED G E FINA NCIA L DA ILY
Markets 3 1
FUTURES . MONEY MARKET . COMMODITIES
Money market
Index futures
Long Rolls - KLCI futures
FKLI
Index points
1980
Open Interest
1,629.50 90000
Index points
-3.50
18.00
68000
Klibor
USD Index
Implied interest rate (%)
102.00
(Unch)
(+7.00)
1790
US Dollar
4.5
95.314
3.65
(-0.02)
4.75
94.25
-8.50
86.50
(Unch)
3.5
1600
46000
1410
24000
2000
1220
Jan 4, 2010
2.5
-21.75
78.75
-35.00
71.00
Jan 4, 2010
May 23, 2016
FBM KLCI futures higher in
line with firmer cash market
May 23, 2016
FBM KLCI futures
INDEX AND FUTURES
CONTRACT
LAST
CHANGE
VOLUME
OPEN CHANGE IN
INTEREST OPEN INTEREST
The FBM KLCI futures contract on Bursa Ma- FBMKLCI 1,634.89 6.10 129.4M
1,629.50
7.00
6,126 38,062
-558
laysia Derivatives ended higher yesterday in MAY 16
1,626.50
7.50
472
3,996
1,201
line with the firmer cash market. The bench- JUN 16
SEP 16
1,613.00
7.00
46
237
-20
mark FBM KLCI closed 6.1 points higher at DEC 16
1,604.50
6.50
7
75
2
1,634.89.
TOTAL
6,651 42,370
625
Spot contract month May 2016 and SepBID
OFFER
CLOSE
tember 2016 added seven points each to FUTURES ROLL OVER
-3.0
-3.5
-3.5
1,629.5 and 1,613 respectively; June 2016 MAY/JUN
rose 7.5 points to 1,626.5; while December FUTURES FAIR VALUE
CONTRACT
DAYS TO EXPIRY
KLIBOR DIVIDEND FAIR VALUE
2016 was 6.5 points higher at 1,604.5.
16
9
1.20
5.83
-4.63
Turnover dropped to 6,651 lots versus 7,877 MAY
JUN 16
39
5.71
12.55
-6.84
lots last Friday, while open interest fell to 42,369 ROLL’S FAIR
-2.21
contracts from 42,746 contracts previously.
Southeast Asian stocks were largely flat to
higher as investors turned cautious ahead of
preliminary US gross domestic product data
Indonesian stocks closed 0.67% higher,
and speeches by US Federal policymakers last
week that will likely give cues on a possible rate driven by financials, which gained nearly
increase by the US Federal Reserve in June. 1%. — Agencies
Commodities
CPO vs Soyoil
Open Interest
4200
200000
Post-G7 meeting, yen
gains halt US dollar rally
Klibor
Robust trade data from Japan had the yen
back on the rise yesterday after three weeks
of solid gains for the US dollar, which have
given fresh heart to those hoping for another
rally as US interest rates rise.
The US dollar index of its strength against
a basket of other currencies was little changed
last Friday at ¥95.211 and still close to last
Thursday’s high of ¥95.520. It rose 0.8% previous week, climbing for a third week.
A Group of Seven (G7) finance ministers’ meeting concluded last Saturday with
the US warning Japan against intervening
to weaken the yen, a rift that is perceived
as preventing Tokyo from acting.
Data yesterday showed Japan’s trade
balance in April was ¥823.5 billion, against
economists’ forecasts for a ¥492.8 billion
increase. — Reuters
JUN6
JUL6
AUG6
SEP6
DEC6
MAR7
JUN7
SEP7
DEC7
MAR8
JUN8
SEP8
DEC8
MAR9
JUN9
SEP9
DEC9
MAR0
JUN0
SEP0
DEC0
MAR1
TOTAL
May 23, 2016
MONTH
2,495
(-33)
Gold
Soyoil US$/Ibs
US$/bbl
US$/troy oz
6400
2,818 0.7300
155.00
SETTLEMENT
PRICE
CHANGE
96.35
96.35
96.35
96.35
96.35
96.35
96.30
96.26
96.21
96.21
96.21
96.21
96.21
96.21
96.21
96.21
96.21
96.21
96.21
96.21
96.21
96.21
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
VOLUME
OPEN
INTEREST
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
0
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
0
1980
(RM0.313/tonne)
47.83
121.25
105000
3800
0.3650
87.50
1340
57500
2500
0.1825
53.75
1020
2700
1950
Crude Oil
CPO RM/tonne
0.5475
152500
Jan 6, 2008
1.5
Oct 1, 2000
5100
3450
1200
May 23, 2016
CPO prices react to various factors including soyoil prices, weather conditions and stockpiles. Open interest shows either increasing or decreasing market participation.
CPO & Open Interest
CPO RM/tonne
Oct 2, 2006
10000
May 23, 2016
Palm falls to near three-month
low on weak Chinese oils
(-33)
Jan 6, 2008
0.0000
May 23, 2016
CPO futures
CONTRACT
JUN-16
JUL-16
AUG-16
SEP-16
OCT-16
LAST
2,520
2,523
2,495
2,471
2,442
CHANGE
-37
-25
-33
-28
-38
VOLUME
572
9,090
25,596
7,160
5,768
OPEN CHANGE IN
INTEREST OPEN INTEREST
6,111
53,743
94,654
62,324
21,759
1660
1,250.10
(-2.80)
2,495
1200
(-0.58)
-237
-1,546
2,812
445
1,085
Malaysian palm oil futures hit their lowest level in nearly three months yesterday,
dragged down by losses in Chinese vegetable
CPO/SOYOIL
oils, while a stronger ringgit also weighed on CPO FUTURES
INDICATIVE ROLL-OVER FUTURES BASIS (USD)
sentiment earlier in the day.
CURRENT
-83.13
JUN/JUL
-3
The palm oil contract for August delivery JUN/AUG
3 MONTHS AVERAGE
-67.98
25
on Bursa Malaysia Derivatives had fallen JUN/SEP
6 MONTHS AVERAGE
-82.39
49
1.4% or RM33 to RM2,495 per tonne by the JUL/AUG
28
closing trade, posting its third loss in the SGS & ITS EXPORT ESTIMATES (TONNES)
SHIPMENT DAYS
MAR’16
APR’16
MAY’16
past four sessions.
308/328
305/321
404/391
Earlier in the day, the contract fell as 1 - 10TH DAYS
416/451
500/484
575/563
much as 2.1% to RM2,475, its lowest since 1- 15TH DAYS
DAYS
718/713
724/738
792/786
March 3. Previous week, palm oil posted its 11 -- 20TH
25TH DAYS
883/887
883/890
—/—
second consecutive weekly decline, weighed FULL MONTH
1,168/1,175
1,088/1,109
—/—
down by the sell-off in Chinese commodities MALAYSIAN PALM OIL BOARD
JAN’16
FEB’16
MAR’16
APR’16
markets.
1,130
1,043
1,220
1,301
“Palm is kept down by external markets, PRODUCTION
1,279
1,085
1,334
1,165
Dalian’s refined, bleached and deodorised EXPORT
STOCKS
2,308
2,169
1,885
1,800
palm olein has continuously been under
MPOB Palm oil physical
pressure,” said a trader based in Kuala Lum(IN RM/TON)
MAY’2016
JUN’2016
JUL’2016
pur.
DELD
2,560
2,560
2,550
The most actively traded September con- CPO
PK EX-MILL
2,315
2,320
2,330
tract for palm olein on the Dalian Commod- CPKO DELD
4,803
4,795
4,778
ity Exchange dropped 2.2% yesterday.
RBD P.OIL FOB
2,719
2,707
2,605
The ringgit rose yesterday morning before RBD P.OLEIN FOB
2,736
2,727
2,626
2,504
2,491
2,475
falling slightly by 0.2% to 4.0840 per US dol- RBD P.STEARIN FOB
lar. A stronger ringgit makes palm oil more MPOB FFB REF PRICE (MILL GATE PRICE)
GRADE A
GRADE B
GRADE C
expensive for holders of foreign currencies. REGION
OER (RM/TON)
OER(RM/TON)
OER (RM/TON)
In other vegetable oils, the Chicago Board NORTH
20.00% 570
19.00% 545
18.00% 520
of Trade soyoil contract for August fell 0.8%, SOUTH
20.00% 576
19.00% 551
18.00% 526
20.00% 574
19.00% 549
18.00% 524
while the September soybean oil contract on CENTRAL
the Dalian Commodity Exchange dropped EAST COAST 20.00% 571 19.00% 546 18.00% 521
SABAH
22.00% 553
21.00% 530
20.00% 508
2.4%. — Reuters
SARAWAK
22.00% 562
21.00% 538
20.00% 514
20.00
Apr 10, 2007
700
May 23, 2016
Oil falls as Iran firm on export
rise, US rigs decline slower
Brent crude prices fell for a fourth consecutive session yesterday as investor focus
returned to global supply, with Iran insisting on a rise in oil exports and US drillers
slowing the reduction in rigs.
Global benchmark Brent futures were
down 52 cents at US$48.20 a barrel, on track
for a fourth straight day of losses for the first
time in a month.
West Texas Intermediate crude futures
traded at US$47.83 a barrel, down 58 cents
from last Friday’s close.
Iran’s Deputy Oil Minister Rokneddin Javadi told the Mehr news agency on Sunday
his country had no plan to halt a rise in oil
production and exports.
He said Iranian crude exports, excluding
gas condensates, were at two million barrels
per day (bpd) and would reach 2.2 million
bpd by the middle of summer. — Reuters
Centrifuged Latex
Aug 31, 2008
Commodities
AGRICULTURE
UNIT
EXCHANGE
RM/TON
SEN/KG
USC/BSH
USC/BSH
USC/BSH
USC/IBS
US$/TON
USC/IBS
USC/IBS
USC/IBS
MDEX
MRB
CBOT
CBOT
CBOT
CME
NYBOT
NYBOT
NYBOT
NYC
2,495
488.00
391.50
1,063.50
462.75
117.45
2,967
126.35
17.28
61.12
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
16,600
-50
2.0525 -0.0030
1,250.10
-2.80
1,017.20
-6.10
552.00
-8.35
16.38
-0.14
12,165
-110
14,845
-100
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
47.83
-0.58
1.4868 -0.0053
2.241
0.034
48.20
-0.52
439.25
-1.50
CRUDE PALM OIL
RUBBER
CORN
SOYBEANS
WHEAT
LIVE CATTLE
COCOA
COFFEE
SUGAR
COTTON
-33
-27.50
-3.00
-10.75
-5.00
-0.875
43
-0.30
-0.05
-0.21
METAL & PRECIOUS METALS
TIN
COPPER
GOLD
PLATINUM
PALLADIUM
SILVER
ALUMINIUM
ZINC
ENERGY
Sen/Kg
1100
1700
900
1325
471.00
950
(-2.00)
500
488.00
(-27.50)
575
300
Jan 7, 2007
LAST PRICE CHANGE
Rubber - M’sia SMR 20
Sen/Kg
700
May 23, 2016
200
May 23, 2016
Jan 7, 2007
May 23, 2016
Markets
32
T U ESDAY M AY 24, 2 0 16 • TH EEDGE F I N AN C I AL DAI LY
F U T U R E S . M O N E Y M A R K E T . C O M M O D I T I E S PA G E 3 1
YOUR DAILY FINANCIAL MARKET S ROUNDUP
I N S I D E R M OV E S . T R A D I N G T H E M E S . E V E N T S . FO R E X PA G E 3 0
G L O BA L M A R K E T S PA G E 2 9
M A I N M A R K E T . A C E M A R K E T L I ST I N G PA G E 2 5
RESEARCH: TAI TS [[email protected]; SUGUMARAN [[email protected]]
KLCI 1,634.89
FBM ACE 5,620.96
6.10
67.23 FTSTI 2,766.93
3.11
NIKKEI 16,654.60
81.75
HANG SENG 19,809.03
The groundwork of all happiness is health.
— Leigh Hunt
STOCK
1,634.89
Index point
(+6.10)
KL Composite Index
1,629.50
KLCI futures
8:45 9:30
10:30
11:30
12:45
14:30
(+7.00)
15:30
16:30 17:15
Daily FBM KLCI
Moving average - 20-day
KL Composite Index
1950.0
XOX-WA
XOX
XINGHE-WA
INIX
DNEX
SGB-PA
EKA-WA
K1
AEM-WA
ZELAN
FLBHD
GPA-WA
KUB
SOLUTN
MUIIND
AZRB
(+6.10)
VOLUME
('000)
CHANGE
(%)
CHANGE
(RM)
CLOSE
(RM)
HIGH
(RM)
LOW
(RM)
91,442
77,716
62,808
48,527
22,556
17,053
12,543
10,366
8,603
7,759
6,530
6,494
6,204
5,611
5,481
5,308
25.00
10.00
-33.33
-8.33
8.00
0.00
0.00
-10.42
16.67
-11.90
-11.54
33.33
10.17
3.57
0.00
0.69
0.015
0.015
-0.005
-0.005
0.020
0.000
0.000
-0.025
0.010
-0.025
-0.270
0.010
0.030
0.015
0.000
0.005
0.075
0.165
0.010
0.055
0.270
0.070
0.030
0.215
0.070
0.185
2.070
0.040
0.325
0.435
0.175
0.730
0.080
0.170
0.015
0.060
0.280
0.070
0.035
0.220
0.075
0.205
2.130
0.040
0.325
0.445
0.185
0.740
0.060
0.155
0.010
0.045
0.255
0.065
0.025
0.205
0.055
0.180
2.010
0.030
0.295
0.420
0.170
0.730
1667.5
1385.0
Jan 2, 2008
May 23, 2016
900
600
300
0
Volume (’mil)
FBM KLCI futures
CONTRACT
SETTLEMENT
CHANGE
HIGH
LOW
MAY 16
JUN 16
SEP 16
1,629.50
1,626.50
1,613.00
7.00
7.50
7.00
1,630.50
1,626.50
1,614.00
1,616.00
1,613.00
1,600.00
KLCI
POINTS
CHANGE
(RM)
CLOSE
(RM)
VOLUME
('000)
1.81
0.79
0.70
0.66
0.64
0.50
0.41
0.40
0.38
0.38
0.38
0.31
0.31
0.25
-0.60
-0.60
6.72
-0.62
6.10
0.130
0.120
0.070
0.060
0.060
0.030
0.030
0.240
0.040
0.060
0.050
0.060
0.160
0.140
-0.040
-0.180
6.620
19.280
4.330
4.240
7.510
8.470
6.430
23.640
14.020
8.570
7.500
5.930
15.080
23.080
5.370
21.280
4978.3
3182.8
1945.7
8393.1
4669.3
7388.3
6435.3
466.8
6022.1
2028.4
1719.4
719.9
158.3
619.0
5109.2
453.5
FBM KLCI sensitivity*
IHH HEALTHCARE
PUBLIC BANK
GENTING MALAYSIA
IOI CORPORATION
SIME DARBY
MAYBANK
PETRONAS CHEMICAL
PETRONAS DAGANG
TENAGA NASIONAL BERHAD
GENTING
MISC
RHB CAPITAL
HONG LEONG FINANCE
K.LUMPUR KEPONG
AXIATA GROUP
PETRONAS GAS
SUB-TOTAL
OTHERS
GRAND TOTAL
* How stock price changes affected the index on the previous trading day
TURNOVER
(‘000)
CHANGE
(RM)
CHANGE
(%)
PRICE
(RM)
PE
RATIO
DIVIDEND
YIELD (%)
102,813.6
91,442.1
83,192.7
77,716.2
62,807.6
53,449.3
50,049.1
48,527.4
29,504.0
27,732.1
22,555.9
21,637.9
20,800.9
20,607.8
18,587.9
17,053.2
15,601.0
14,923.5
13,723.9
13,377.6
-0.030
0.015
-0.015
0.015
-0.005
UNCH
-0.005
-0.005
-0.010
-0.010
0.020
-0.005
-0.005
0.015
-0.020
UNCH
-0.005
-0.005
0.005
UNCH
-9.23
25.00
-3.70
10.00
-33.33
UNCH
-4.00
-8.33
-3.13
-5.41
8.00
-1.08
-2.44
10.34
-0.86
UNCH
-2.44
-1.85
1.82
UNCH
0.295
0.075
0.390
0.165
0.010
0.005
0.120
0.055
0.310
0.175
0.270
0.460
0.200
0.160
2.310
0.070
0.200
0.265
0.280
0.040
—
—
—
13.04
—
—
—
—
22.07
—
17.36
15.82
—
—
12.02
—
—
16.17
14.55
—
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
4.00
0.00
0.00
0.00
1.72
0.00
0.00
0.00
0.00
0.00
Top gainers and losers (ranked by RM)
UTDPLT
AJI
BAT
TAHPS
PETDAG
ATURMJU
INARI
HLFG
LAFMSIA
LIIHEN
KLK
NESTLE
1102.5
820.0
AAX-WA
XOX-WA
AAX
XOX
XINGHE-WA
MULPHA-OR
EKA
INIX
VIVOCOM
VIVOCOM-WB
DNEX
KNM
OCK-WA
AEM
AIRASIA
SGB-PA
KANGER-WA
KANGER
LKL
NETX
UP
FBM KLCI at intraday high
on bargain hunting
1,651.40
65.54
65.5
Daily top 20 active stocks
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.
1,634.89
DOW JONES 17,500.94
Market movers
UNUSUAL MARKET ACTIVITIES
FBM KLCI & KLCI futures intraday
1635.0
1633.1
1631.2
1629.3
1627.4
1625.5
1623.6
1621.7
1619.8
1617.9
1616.0
43.17
CLOSE
CHANGE
(RM)
DOWN
27.700
13.380
50.000
6.500
23.640
0.995
2.900
15.080
8.460
2.670
23.080
75.520
0.800
0.440
0.400
0.300
0.240
0.210
0.170
0.160
0.160
0.160
0.140
0.140
FLBHD
CARLSBG
AHEALTH
HEIM
HSI-HY
CANONE
EFORCE-WA
MERCURY
LPI
LAYHONG
SUIWAH
BURSA
0.015
0.035
0.020
0.020
0.040
0.065
0.075
0.025
0.050
0.080
50.00
40.00
33.33
33.33
33.33
30.00
25.00
25.00
25.00
23.08
CHINA50-HF
ASTRO-CV
XINGHE-WA
FBMKLCI-C28
EDGENTA-CD
ARMADA-C6
AEON-CG
FBMKLCI-C38
KBUNAI-WC
TENAGA-C19
CLOSE
CHANGE
(RM)
2.070
13.000
3.880
14.760
1.690
3.810
1.300
1.250
15.380
9.000
2.400
8.550
-0.270
-0.200
-0.170
-0.160
-0.140
-0.120
-0.100
-0.100
-0.100
-0.100
-0.100
-0.090
0.015
0.050
0.010
0.030
0.100
0.010
0.100
0.030
0.015
0.045
-50.00
-41.18
-33.33
-33.33
-33.33
-33.33
-33.33
-25.00
-25.00
-25.00
KUALA LUMPUR: The FBM KLCI gained 6.1 points or 0.4%
to 1,634.89 yesterday, as investors bargain hunted for Malaysian stocks following earlier intraday losses.
Inter-Pacific Securities Sdn Bhd research head Pong
Teng Siew told theedgemarkets.com over telephone that
the FBM KLCI’s gain “was supported by bargain hunting by
some investors”. According to him, the FBM KLCI’s recent
fall had spurred bargain-hunting activity among investors
on selected blue chips.
Top gainers and losers (ranked by percentage)
“Investors are buying into technology-related stocks (due to
UP
CHANGE
DOWN
CHANGE
weakening ringgit) and construction-related stocks,” Pong said.
CLOSE
(%)
CLOSE
(%)
Across Bursa Malaysia, decliners led gainers by 451 to
BJMEDIA-WA
0.060
500.00
FBMKLCI-C26
0.010
-87.50
337. Volume was 1.74 billion shares valued at RM1.38 billion.
0.010 100.00
HSI-C19
0.010 -50.00
United Plantations Bhd was the top gainer, while leading SKH-WA
DGB-WA
0.015
50.00
CHINA50-HF
0.015 -50.00
decliner was Focus Lumber Bhd. AirAsia X Bhd and XOX MISC-C5
0.035
40.00
ASTRO-CV
0.050 -41.18
Bhd were among the most actively traded counters.
TRC-WB
0.020
33.33
XINGHE-WA
0.010 -33.33
Across Asian share markets, Japan’s Nikkei 225 fell 0.49%, SKPETROC24
0.020
33.33
FBMKLCI-C28
0.030 -33.33
0.040
33.33
EDGENTA-CD
0.100 -33.33
while Hong Kong’s Hang Seng Index dropped 0.22%. South GPA-WA
INARI-CQ
0.065
30.00
ARMADA-C6
0.010 -33.33
Korea’s Kospi, however climbed 0.39%.
0.995
26.75
AEON-CG
0.100 -33.33
Asian shares mostly rose earlier, with MSCI’s Broadest ATURMJU
XOX-WA
0.075
25.00
SCN
0.015 -25.00
Index of Asia-Pacific shares outside Japan up 0.3%, clawing FBMKLCI-C34
0.025
25.00
FBMKLCI-C38
0.030 -25.00
back after last week’s 0.5% loss.
IRETEX-WA
0.050
25.00
KBUNAI-WC
0.015 -25.00
Reuters reported that Asian shares rose yesterday after a
solid session on Wall Street, while the US dollar moved away Top gainers and losers - warrants (ranked by percentage)
from recent highs though it remained supported as investors
UP
CHANGE
DOWN
CHANGE
bet that the US Federal Reserve was on track to raise rates
CLOSE
(%)
CLOSE
(%)
sooner rather than later. — by Gho Chee Yuan
BJMEDIA-WA
0.060 500.00
FBMKLCI-C26
0.010 -87.50
SKH-WA
0.010 100.00
HSI-C19
0.010 -50.00
World equity indices
DOW JONES
S&P 500
NASDAQ 100
FTSE 100
AUSTRALIA
CHINA
HONG KONG
INDIA
I want an edge!
CLOSE
CHANGE
17,500.94
2,052.32
4,362.90
6,156.32
5,318.94
2,843.65
19,809.03
25,230.36
65.54
12.28
47.32
102.97
-32.36
18.16
-43.17
-71.54
INDONESIA
JAPAN
KOREA
PHILIPPINES
SINGAPORE
TAIWAN
THAILAND
VIETNAM
CLOSE
CHANGE
4,743.66
16,654.60
1,955.25
7,306.69
2,766.93
8,344.44
1,381.69
611.03
31.78
-81.75
7.58
7.66
3.11
213.18
-4.17
-3.78
Email: [email protected]
Fax: (03) 7721 8282
DGB-WA
MISC-C5
TRC-WB
SKPETROC24
GPA-WA
INARI-CQ
XOX-WA
FBMKLCI-C34
IRETEX-WA
TOPGLOV-CZ
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