Rents tumble in HK shopping strip that was
Transcription
Rents tumble in HK shopping strip that was
FBM KLCI 1615.01 1.84 KLCI FUTURES 1612.50 6.00 STI 2832.64 13.10 RM/USD 4.3850 CPO RM2342.00 102 OIL US$48.60 0.43 GOLD US$1145.70 8.10 PP 9974/08/2013 (032820) PENINSULAR MALAYSIA RM1.60 (INCLUSIVE OF 6% GST) MONDAY SEPTEMBER 28, 2015 ISSUE 2013/2015 FINANCIAL DAILY MAKE BETTER DECISIONS www.theedgemarkets.com Harley’s Street 750, the closest to a cafe racer 2 0 2 1 F O C U S 6 HOME BUSINESS SKP Resources sees RM2.3b sales by FY17 7 HOME BUSINESS Food-exporting counters find favour as ringgit falls 8 HOME BUSINESS GOB’s swelling cash pile attracts interest No decision yet but it will be involved in the multibillion ringgit development — source. Cynthia Blemin has the story on Page 6. 10 P R O P E R T Y S N A P S H O T Protasco to hand over Phase 1 of RM10b De Centrum City in December 16 H O M E ‘Asean community can strengthen South-South ties’ LTAT KEEN ON BANDAR MALAYSIA? by u o y o t t h g u o r b s i y p o c l a t This digi 18 H O M E Seven to be charged with Morais’ murder today Rents tumble in HK shopping strip that was world’s priciest PA G E 4 FBM KLCI 1615.01 1.84 KLCI FUTURES 1612.50 6.00 STI 2832.64 13.10 RM/USD 4.3850 CPO RM2342.00 102 OIL US$48.60 0.43 GOLD US$1145.70 8.10 PP 9974/08/2013 (032820) PENINSULAR MALAYSIA RM1.60 (INCLUSIVE OF 6% GST) MONDAY SEPTEMBER 28, 2015 ISSUE 2013/2015 FINANCIAL DAILY MAKE BETTER DECISIONS www.theedgemarkets.com Harley’s Street 750, the closest to a cafe racer 2 0 2 1 F O C U S 6 HOME BUSINESS SKP Resources sees RM2.3b sales by FY17 7 HOME BUSINESS Food-exporting counters find favour as ringgit falls 8 HOME BUSINESS GOB’s swelling cash pile attracts interest 10 P R O P E R T Y S N A P S H O T Protasco to hand over Phase 1 of RM10b De Centrum City in December LTAT KEEN ON BANDAR MALAYSIA? No decision yet but it will be involved in the multibillion ringgit development — source. Cynthia Blemin has the story on Page 6. 16 H O M E ‘Asean community can strengthen South-South ties’ 18 H O M E Seven to be charged with Morais’ murder today Rents tumble in HK shopping strip that was world’s priciest PA G E 4 4 M ON DAY SEP TEM B ER 28, 2 0 1 5 • TH EEDGE F I N AN C I AL DAI LY For breaking news updates go to www.theedgemarkets.com ON EDGE T V www.theedgemarkets.com Rents tumble in HK China’s economic slowdown rattles the city BY ALFR ED LI U Dr M: Govt not doing enough for Proton The Edge Communications Sdn Bhd (266980-X) Level 3, Menara KLK, No 1 Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, Selangor, Malaysia Publisher and Group CEO Ho Kay Tat Editorial For News Tips/Press Releases Tel: 03-7721 8219 Fax: 03-7721 8038 Email: [email protected] Senior Managing Editor Azam Aris Executive Editors Kathy Fong, Jenny Ng, Siow Chen Ming, Surinder Jessy, Ooi Inn Leong Associate Editors R B Bhattacharjee, Joyce Goh, Jose Barrock, Vasantha Ganesan Editors Cindy Yeap, Kang Siew Li Assistant Editors Adeline Paul Raj, Tan Choe Choe Chief Copy Editor Halim Yaacob Senior Copy Editors Lam Seng Fatt, Melanie Proctor Copy Editor Evelyn Chan Art Director Sharon Khoh Design Team Cheryl Loh, Valerie Chin, Aaron Boudville, Aminullah Abdul Karim, Yong Yik Sheng, Tun Mohd Zafian Mohd Za’abah, Noorain Duasa Asst Manager-Editorial Services Madeline Tan Corporate Managing Director Au Foong Yee Deputy Managing Director Lim Shiew Yuin Advertising & Marketing To advertise contact GL: (03) 7721 8000 Fax: (03) 7721 8288 Chief Marketing Officer Sharon Teh (012) 313 9056 General Manager, Digital Media Kingston Low (012) 278 5540 Senior Sales Managers Geetha Perumal (016) 250 8640 Fong Lai Kuan (012) 386 2831 Peter Hoe (019) 221 5351 Gregory Thu (012) 376 0614 Head of Marketing Support & Ad Traffic Lorraine Chan (03) 7721 8001 Ad Traffic Asst Manager Roger Lee (03) 7721 8004 Email: [email protected] Operations To order copy Tel: 03-7721 8034 / 8033 Fax: 03-7721 8282 Email: [email protected] HONG KONG: Cosmetics retailer Colourmix will move to Hong Kong’s Russell Street, once the world’s most expensive shopping strip, and pay about 40% less than the former tenant as China’s economic slowdown rattles the city. “Landlords have to face the reality, no matter how reluctant they are,” Lawrence Wong, a director at property agent Sheraton Valuers Ltd, said in a telephone interview on Saturday. “It’s still better than leaving their property empty.” Russell Street has lost its claim as the most expensive shopping street on the planet to New York’s Fifth Avenue, according to broker Cushman & Wakefield Inc in November. A July research report by Jones Lang LaSalle Inc predicted prices for space in prime locations will drop 15% to 20% in Hong Kong this year. Retail rents were down 12% in Causeway Bay and 3% in Central at the end of June, Oriental Daily reported earlier this month, citing data from CBRE Group Inc. The broker said in a report that the decline came after rents for shops at prime locations in Hong Kong’s four shopping districts, including Tsim Sha Tsui and Mong Kok, increased Colourmix will rent JaegerLeCoultre’s 92.9sq m space in Russell Street, Causeway Bay for almost HK$1 million per month, which is 43% lower than what JaegerLeCoultre is currently paying. by 213% from 2003 to 2014. Hong Kong’s retail property market has slumped with China facing its slowest growth in a quarter-century. The Hong Kong government is closely monitoring developments in the city’s property market and will make policy changes if necessary, Financial Secretary John Tsang told reporters yesterday. Hong Kong’s property prices are being affected by an increase in supply and volatile external factors such as a high probability that the United States may raise interest rates, Tsang said. Colourmix, run by Veeko Inter- national Holdings Ltd, will rent a 92.9sq m space in Causeway Bay for almost HK$1 million (RM567,700) per month, 43% lower than what luxury Swiss watch brand Jaeger-LeCoultre is currently paying, said Wong, whose company handled the transaction. In Central, Hong Kong’s business district, Adidas Hong Kong Ltd will pay 23% less for the space being vacated by Coach Hong Kong Ltd, according to Land Registry data. The sports brand’s rent is HK$4.34 million a month, down from HK$5.6 million paid by Coach, the designer handbag maker. — Bloomberg Suzuki sells VW shares to Porsche BY M ASUM I S U G A TOKYO/BERLIN: Suzuki Motor Corp said it sold all the shares it held in Volkswagen AG to Porsche Automobil Holding SE, following the end of a four-year dispute over a failed partnership with Volkswagen. The Japanese carmaker will book a ¥36.7 billion (RM1.34 billion) onetime gain for the July-to-September quarter from the sale, the Hamamatsu-based company said on Saturday in a statement filed to the Tokyo Stock Exchange. Suzuki sold the 4.397 million Volkswagen shares for an undisclosed amount, and will disclose a revised earnings outlook if it sees the need, the statement said. Porsche sees the purchase of the shares, equal to a 1.5% stake, “as a clear commitment to our core investment” in Volkswagen, the Stuttgart, Germany-based company said in a separate statement on Saturday. It now holds 52.2% of Volkswagen’s common shares and 32.4% of its capital stock, according to the statement. Suzuki this month confirmed that Volkswagen has sold back all the shares it held in the carmaker for ¥460.3 billion. The deal comes after arbitrators upheld Suzuki’s request to end the cooperation between the two companies under a 2009 agreement. Rather than pursue other partnerships, Suzuki has been urged to focus on its dominant India operations and Maruti subsidiary by Daniel Loeb, whose hedge fund Third Point LLC has disclosed it bought a stake in the carmaker. — Bloomberg More airports badly affected by smoke, low visibility KUALA LUMPUR: Air traffic at some airports in the country were affected by the smoke which has enveloped much of the country’s airspace yesterday. The airports badly affected were the Sultan Azlan Shah Airport (LTSAS) in Ipoh and the Kuching International Airport (KIA) in Sarawak. Despite the low visibility caused by the smoke, operations at the KLIA, klia2 and Sultan Abdul Aziz Shah Airport (LTSAAS) in Subang went on as usual, with no flight delays or route changes as at 1pm. According to Malaysia Airports Holdings Bhd’s (MAHB) corporate communications department, the terminal operating division at LTSAAS in Subang was reported to be running normally up to 1pm, with visibility there at 800m at the time. However, according to MAHB’s Twitter page after 1pm, several flights were reported to be delayed at LTSAAS, and MAHB advised passengers using the terminal to contact their respective airlines for the latest flight information. “While the airport is still open, all passengers arriving and departing from Sultan Abdul Aziz Shah Airport in Subang are advised to check with the respective airlines on the flight schedules as some flights have been delayed,” MAHB said. In Ipoh, six flights — three departures and three arrivals — at LTSAS were delayed due to the severely poor air quality and poor visibility yesterday. In Kuching, eight Malaysia Airlines Bhd flights were cancelled and nine others suffered delays and detours due to the haze with visibility just up to 1,500m as of 5pm. KIA senior manager Mohd Nadzim Hashim said the eight flights were cancelled until further notice, four departures and four arrivals. He said nine other flights experienced delays — involving five departures and four arrivals while flight MH2542 from Kuala Lumpur was diverted to Sibu Airport. According to him, two flights, an arrival and a departure for the Kuching-Pontianak sector had been on hold for the past five days. — Bernama VW bungles restart with new CEO from old guard BY OLAF STO RBEC K LONDON: Matthias Mueller is the wrong chief executive officer (CEO) for Volkswagen. The scandal-hit German carmaker last Friday appointed the 62-year-old CEO of its brand Porsche to replace Martin Winterkorn, who resigned days earlier after VW admitted tampering with its cars to falsify regulatory emissions tests. Just as with new chairman Hans Dieter Poetsch, it has chosen an insider when it should have looked beyond its Wolfsburg base. Mueller knows the gigantic carmaker inside out, and has what it takes to fix operational woes. But having been at the group since the late 1970s, he is also a deeply entrenched member of the Wolfsburg old guard. His insider status suggests he is an imperfect investigator of the scandal. From 2007 and 2010, he was the group’s head of product management, responsible for all vehicle projects of the Volkswagen brand. The company started to fit diesel cars with so-called “defeat devices” that manipulated emission tests in 2009. VW’s supervisory board has stressed that the new CEO is personally untainted by the wrongdoing. Investors have no choice but to take its word. But given VW’s investigation is in its early days, it still seems an unnecessary risk, especially as a well-versed auto manager with no Wolfsburg history was readily available. Herbert Diess, the new head of VW’s passenger-car group, was poached from rival BMW earlier this year. The scope of the misconduct is massive, and the scandal is still evolving. This week, Volkswagen has admitted 20% of all its passenger cars sold from 2009 to 2014 might be affected by the emissions manipulations. Last Friday, Germany’s transport minister Alexander Dobrindt said VW falsified emission data of light commercial vehicles too. Switzerland banned the sale of affected models. And Bloomberg reported on the same day that executives in Wolfsburg controlled key aspects of the rigged emissions tests, referring to three unnamed people familiar with the company’s US operations. See related story on Page 24 Winterkorn’s speedy exit was the right move. But the departed CEO is still around, as CEO of Porsche SE, the holding company that owns 50.7% of VW voting shares. The group as a whole urgently needed a proper restart to cope with the emission scandal. For now, it does not look like it is getting one. — Reuters M O N DAY S E P T E MB E R 28 , 2015 • T HEED G E FINA NCIA L DAILY 5 6 HOME BUSINESS M ON DAY SEP TEM B ER 28, 2 0 1 5 • TH EEDGE F I N AN C I AL DAI LY LTAT keen on Bandar Malaysia? No decision yet but it will be involved in the multibillion ringgit development — source BY C Y NTHI A B L E M IN KUALA LUMPUR: Lembaga Tabung Angkatan Tentera (LTAT) is said to be keen on taking part in 1Malaysia Development Bhd’s (1MDB) multibillion-ringgit Bandar Malaysia development, according to sources familiar with the project. “There is no decision yet on those shortlisted for the development, but LTAT will be involved,” said one source. It was not known at press time the role that the Armed Forces Fund would play in the development of Bandar Malaysia, where the former Sungai Besi airbase was previously located. CH Williams Talhar and Wong Sdn Bhd (WTW), the transaction adviser for the Bandar Malaysia request for proposal, announced earlier this month that four preferred bidders were shortlisted from 12 proposals submitted for the development of Bandar Malaysia. The submission closed on Aug 28. It is said that a Chinese-based company is among the four shortlisted bidders for the mega development, which will be home to the Kuala Lumpur-Singapore high-speed rail terminus, as well as the mass rap- id transit Line 2 and Line 3. According to WTW’s statement, the shortlist would be presented to 1MDB’s board for approval. The four bidders would then undergo a detailed due diligence, clarification and negotiation process with 1MDB Real Estate Sdn Bhd and WTW before a final recommendation is made to the investment fund’s board. 1MDB Real Estate is a wholly-owned unit of 1MDB, which takes charge of the development. When contacted, WTW deputy managing director Danny Yeo said: “[It is an] ongoing process of clarifi- SKP Resources sees RM2.3b annual sales by FY17 BY C H ESTER TAY KUALA LUMPUR: Electronics cum plastic parts manufacturer SKP Resources Bhd expects to achieve an annual revenue of RM2.3 billion by the financial year ending March 31, 2017 (FY17), with a targeted average profit margin of 7.5%. “We just closed FY15 with about RM600 million [revenue]. For FY16, we will probably do RM1.3 billion, and then followed by about RM2.3 billion in FY17,” the group’s executive director Ivan Gan Poh San told The Edge Financial Daily after the group’s annual general meeting last Friday. Gan explained that FY16 sales would be driven by consolidation of the businesses that it had acquired from sister company Tecnic Group Bhd, which was just concluded earlier this year. The move was to enable SKP Resources to transform into a more diversified player in the plastics industry. The group is justifiably confident about its FY17 target as it has already clinched two five-year contracts this year totalling RM5 billion from its major customer, British-based Dyson Ltd. The group is justifiably confident about its FY17 target as it has clinched two five-year contracts this year totalling RM5 billion. Recall that on May 18, the group bagged a RM2 billion job from Dyson to manufacture the latter’s new cordless vacuum cleaner. The contract, which spans five years and begins from October, is worth RM400 million per annum. On Sept 14, SKP Resources secured another RM3 billion contract BY B E N S H A N E L IM RM 1.7 32 1.4 24 RM1.35 1.1 16 0.8 8 Gan: For FY16, we will probably do RM1.3 billion. Photo by Patrick Goh from Dyson, scheduled to start in January 2016 — again with a tenure of five years — worth RM600 million per annum for the same product. Further, Gan, who is also son of SKP Resources and Tecnic’s common controlling shareholder Datuk Gan Kim Huat, revealed that SKP Resources’ current average profit margin across all its assembly lines is about 7% to 7.2%, and that the management intends to raise the figure to 7.5% by FY17 by enhancing the group’s production efficiency. “As of now, we are not in talks for additional orders yet. This is because we are putting more attention on the businesses on hand as the company has grown so much [after acquiring Tecnic’s businesses],” Gan said when asked if SKP Resources is in any talks for more jobs. “Of course we will still proactively seek to replenish our orders, but with this significant growth of business size, we will concentrate on more improvements [in efficiencies] first,” Gan said. Still, Gan said there is potential for more jobs from Dyson, as the latter is investing £1.5 billion (RM10.02 billion) into research and development over the next four years. “This will indirectly create a lot of new products, so these will be things that hopefully SKP Resources 0.5 0 Sept 29, 2014 The project has attracted some 40 interested investors including government-linked companies, local developers and foreign state investment corporations for the expression of interest. Capability to raise funds is one of the requirements that bidders need to have, among others — for instance, strong brand names and track records — to participate in the project. The commercialisation of Bandar Malaysia was part of a rationalisation plan, which was presented to the Cabinet, to revive cash-strapped 1MDB’s financial position. GST refunds getting quicker SKP Resources Bhd Vol (mil) 40 cations with the four final shorlisted bidders. Further decision will only be known in November.” He declined to furnish further details. The city’s airbase was shut down in November 2011 and all aircraft operations are being relocated in several parts of the country to make way for the Bandar Malaysia project. 1MDB is the master developer of the prime tract, measuring 486 acres (196.68ha), which is less than 15 minutes away from the Tun Razak Exchange — another large development by the strategic investment fund. Sept 25, 2015 can work with them on,” he added. Following the acquisition of Tecnic’s businesses, SKP Resources has broadened its customer base to include Exxon Mobil Corp, Petroliam Nasional Bhd, Nestle (M) Bhd, Unilever plc, Sony Corp and Panasonic Corp. For the first quarter ended June 30, 2015 (1QFY16), SKP Resources’ net profit jumped 85.55% year-onyear to RM17.9 million from RM9.65 million. Revenue ballooned 84.51% to RM243.06 million from RM131.74 million in 1QFY15. Last Friday, SKP Resources shares (fundamental: 2.1; valuation: 1.1) closed unchanged at RM1.35, with a market capitalisation of RM1.46 billion. Year to date, its share price, which was trading at 64 sen on Dec 31, 2014, has more than doubled. The Edge Research’s fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations. Go to www.theedgemarkets.com for more details on a company’s financial dashboard. KUALA LUMPUR: Delays in goods and services tax (GST) refunds caused by teething problems have stoked the ire of many business owners who were expecting their tax money back within 14 business days as promised by the government. But things are improving now, according to deputy director-general of customs Datuk Subromaniam Tholasy. Subromaniam told The Edge Financial Daily that the refund process had improved drastically after the Customs Department worked through the initial teething issues. “During the first month of operation in April, only about 20% of claims were refunded within 14 working days. However, by July, we improved that figure to 42%, while 54% of claims were refunded between 15 and 30 working days. Only 4% of refunds were taking more than 30 days,” explained Subromaniam. Likewise, businesses should already be noticing the quicker refunds. “In the first few months [of the implementation of the GST], it would take about two months for our clients to receive the GST refund. It has since improved with some clients getting a refund within a month,” said Wong Poh Geng, Deloitte Malaysia’s tax director for GST. With more than half of the claims refunded between 15 and 30 working days, is it good enough? After all, delays in refunds could possibly strangle business owners’ cash flow. Subromaniam, however, argues that the Customs Department is already performing exceptionally well given the circumstances. “You have to appreciate that the refund target of 14 days was a very ambitious one to begin with. Elsewhere around the world, the average refund time is 56 days,” he pointed out, citing the findings of a KPMG survey — VAT/GST Refunds Survey 2014. In Australia and Germany, for example, it takes about 15 to 28 working days to get a GST refund. In fact, in about 15% of countries surveyed, no refund is given. That said, Singapore is able to provide refunds within 14 business days, but keep in mind that this figure only refers to businesses within their normal operating phase. It typically takes longer for new businesses to get refunds, and from the Customs Department’s perspective, it is dealing with a lot of new faces — companies it doesn’t have track records of. “Before this, with the SST (sales and service tax), we dealt with around 63,000 companies. We knew these companies well, knew the businesses and had their track records. With [the] GST, we suddenly had to deal with 390,000 companies,” explained Subromaniam. “The refunds can’t be given automatically. Each claim has to be processed by an officer and checked by another. This is to make sure that the claims are genuine and filed properly. The government can’t just be [simply] handing out money,” he pointed out. Naturally, it takes a little longer to process claims when Customs is not familiar with the company. Adding to the delay is that most businesses are still learning how to file their claims. Among the top reasons for refund delays was errors in the claims, said Subromaniam. At the same time, he highlighted the fact that about one quarter of the claims were for very small amounts — less than RM500. Going forward, Customs will only refund claims that cumulatively amount to more than RM500, he added. “For us, it takes the same amount of manpower to process every claim, whether it is a few ringgit or several thousand ringgit. Someone needs to look into each claim. We have since re-prioritised to focus on the larger claims first. You’ll have to have cumulative claims of more than RM500 before we pay a refund,” he explained. That said, there is still room for improvement, Subromaniam admitted, but he believes the 14-day target can be achieved going forward. HOME BUSINESS 7 M ON DAY S E P T E MB E R 28 , 2015 • T HEED G E FINA NCIA L DAILY Food-exporting counters find favour as ringgit falls Amid seemingly endless oil price rout, commodities slump BY ESTHER L EE KUALA LUMPUR: Export-oriented counters seem to be the flavour of the year as the ringgit continues falling against the US dollar amid a seemingly endless oil price rout and commodities slump. Year to date, the ringgit has depreciated 25.4% against the US dollar. Last Friday, it ended the trading hours at 4.3863 against the greenback, and at 3.0808 against the Singapore dollar. Aside from glove makers, semiconductor companies and furniture exporters, food manufacturers with overseas market exposure have also been making a tidy profit from the favourable exchange rate, sparking investor interest as they scorn old favourites like oil and gas counters. One such counter is snack food and confectionery manufacturer Oriental Food Industries Holdings Bhd (fundamental: 2.8; valuation: 1.1), the producer of the famous cheese-flavoured Super Ring corn-based snack and Jacker potato chips, which has seen its year-to-date share price more than double (up 117.4%) to RM1.50 last Friday. The company derives more revenue from its overseas market compared with local market. In its financial year 2015, overseas sales made up 54.7% of its total revenue, while the domestic market contributed the remaining 45.3%. “Potato-based products are the largest contributor to Oriental Food’s export market as 70% of the potato chips produced are exported,” said Kenanga Research in its report dated April 16, 2015. In its first quarter ended June 30, 2015 (1QFY16), Oriental Food’s revenue declined 6.4% to RM56.65 million from RM60.55 million in the previous year, as local demand for snack food declined. But lower cost of sales, cheaper selling, distribution and administrative expenses — together with significant gains from foreign exchange — were enough to compensate for the lower local sales contribution and pushed its 1QFY16 net profit up by 88% to RM6.09 million, almost double that of RM3.24 million seen in 1QFY15. The latest quarter also showed that its home market contributed only RM22.21 million or 39% of total revenue, while its overseas market trumped it with RM34.45 Oriental Food Industries Holdings Bhd RM 2.0 Vol (mil) 8 Unlike Oriental Food and Apollo Food, Kawan Food saw a growth in both its revenue and net profits in its latest quarterly financials. Photo by Patrick Goh million revenue, or 61% — comprising 42% from Asian markets ex-Malaysia, and 19% from other markets. If the ringgit weakens further, it’ll only be good news for the company. Kenanga Research noted in its report that every 10 sen increase to buy one US dollar will result in an extra RM1.5 million profit for the company. It is also noteworthy that Oriental Food has a dividend policy of paying out at least 35% of its net profit, which it has been consistently adhering to each financial quarter. In FY15, its dividend payout totalled 13 sen per share, above the 9.5 sen paid in FY14. As at June 30, 2015, the company’s cash and cash equivalents stood at RM35.6 million, while gross borrowings stood at about RM10.99 million. In May, the company declared a bonus issue of 60 million shares on the basis of one bonus share for one Oriental Food share held to reward loyal shareholders, followed by a share split of every one share into two new ones. It currently trades at a price-earnings ratio of 14.38 times. Apollo Food Holdings Bhd (fundamental: 1.9 ; valuation: 2.4), which produces chocolate confectionery products and layer cakes, is another snack food manufacturer with a substantial export market. According to Asia Analytica Sdn Bhd’s report on Sept 4, Apollo Food derives about 40% to 50% of its revenue from exports, which are mainly denominated in US dollars. The company’s net profit for 1QFY16 ended July 31 surged 95.7% to RM11.19 million Kawan Food Bhd Apollo Food Holdings Bhd Vol (’000) 80 from RM5.72 million a year ago, propped up by foreign exchange gains and lower operating cost, even though revenue declined 3.3% to RM49.9 million. “The stronger earnings were anticipated as the company is a beneficiary of the weakening ringgit and lower commodity prices (hence lower raw material cost),” said Asia Analytica’s report. Apollo Food dividend yield also looks attractive. For FY15, it declared a dividend of 25 sen per share, equivalent to a yield of 5.3% based on last Friday’s share price of RM4.72. Asia Analytica opined that Apollo Food would be able to sustain its 25 sen dividend payout until at least FY16, given its cash-rich balance sheet and low capital expenditure requirements; as at July 31, 2015, Apollo Food’s cash balance totalled RM100.03 million; it has no borrowings. Apollo Food’s price-earnings ratio is currently at 12.27 times, based on its closing price of RM4.72 last Friday. Its share price has risen about 7.27% year to date; the counter has hovered largely between RM4.98 and RM4.30 throughout the year. Frozen flatbread maker Kawan Food Bhd is also worth a look. The locally groomed frozen paratha and chapati maker has presence in 35 countries globally. Unlike Oriental Food and Apollo Food, Kawan Food (fundamental: 3; valuation: 1.1) saw a growth in both its revenue and net profit in its latest quarterly financials. In 2QFY15 ended June 30, revenue gained 8.7% to RM44.29 million from RM40.75 mil- RM 5.0 Vol (mil) 3 lion a year ago, while net profit rose 34.6% to RM7.27 million from RM5.4 million, which Kawan Food attributed to higher turnover and a favourable ringgit-to-US dollar exchange rate. Exports make up 62.8% of Kawan Food’s revenue, with North America taking up about half of that, at 30%. The subdued trend in global commodity prices is also favourable to Kawan Food, according to Kenanga Research in an Aug 20 report. “As of 1H15 (first half 2015), prices of wheat and skimmed milk powder had fallen by 26.5% and 44.7% respectively. Note that flour (by-product of wheat) is the largest component of Kawan Food’s raw material costs at 50%, followed by margarine (by-product of milk powder) at 30%,” noted Kenanga Research. The research house forecast Kawan Food’s gross margin to expand to 44.5% for FY15 from 42.6% in FY14. It also expects the flatbread maker’s net profit to grow by 19.2% in FY15 and FY16. Kawan Food is currently trading at 16.79 times, based on last Friday’s share price of RM2.38. Year to date, the counter has risen 70%. The Edge Research’s fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations. Go to www.theedgemarkets.com for more details on a company’s financial dashboard. SHERIFF'S SALE VESSEL ”BAYCORP IPOH” (IMO No.: 9375032) ADMIRALTY IN REM NO.: 27NCC-61-10/2014 By Virtue of Warrant of Arrest in Admiralty in Rem No.: 27NCC-61-10/2014 PARTICULARS OF VESSEL Name of Vessel IMO Number Official Number Type Flag/Port of Registry Call Sign Classification Location RM 3.0 Dimensions Tonnage Built Passenger Capacity Propulsion Speed “BAYCORP IPOH” 9375032 330584 Fast Crew Boat Malaysia, Port Klang 9MGW7 Bureau Veritas 1 + Hull + Mach Crew Boat, Special Service Utility Vessel, Coastal area Ilham Marine Jetty, Sungei Kuang, Kemaman, Terenggarnu, Malaysia (Lat. 4.15.32 N Long 103.26.09E) 31.49m (Length) x 7.85m (Breadth) x 3.30m (Depth Moulded) 226.00 tons (Gross Ton), 68.00 tons (Net Ton) 2006 70 seats (built for 50 passengers) Triple screw fixed pitch propeller of Nickel Aluminium Bronze 25.0 knots Note: RM1.50 6 1.5 64 RM4.72 4.8 2.4 2.6 48 4.6 1.8 RM2.38 2.2 32 4.4 1.2 1.8 16 4.2 0.6 1.4 4 1.0 2 Pursuant to the Order of Court dated the 18 day of August, 2015, all interested parties are invited to tender for the purchase of the vessel by judicial sale. The tenders should be placed in a sealed envelope marked “Tender for “BAYCORP IPOH” and sent to the plaintiff’s solicitors Messrs Skrine (for and on behalf of the Sheriff/ Deputy Registrar, Kuala Lumpur High Court) of Unit No. 50-8-1, 8th Floor, Wisma UOA Damansara, 50 Jalan Dungun, Damansara Heights, 50490 Kuala Lumpur, Malaysia, to reach them no later than 5 pm, on Monday, 12 day of October 2015. The vessel will be sold “as is where is” on the Sheriff’s standard terms and conditions of sale. The Sheriffs’ Conditions of Sale, Information Memorandum and permit to inspect the said vessel may be obtained upon request to the Sheriff / Messrs Skrine (please quote reference no. SKK/YYH/TBC/TSN/21432262). The Sheriff reserves the right not to accept the highest or any tender. 0.5 0 Sept 25, 2014 Sept 25, 2015 4.0 0 Sept 25, 2014 Sept 25, 2015 1.0 0 Sept 25, 2014 Sept 25, 2015 Sheriff-in-charge: Tuan Dalwinder Singh a/l Mohinder Singh Tel : +603-6209 4068 8 HOME BUSINESS M ON DAY SEP TEM B ER 28, 2 0 1 5 • TH EEDGE F I N AN C I AL DAI LY GOB’s swelling cash pile attracts market interest Share price climbed to nine-month high of 59.5 sen last Friday BY GHO C H EE Y UAN KUALA LUMPUR: Little-known Global Oriental Bhd (GOB) is expected to have a big cash pile of over RM560 million after the sale of its da:men retail mall. This has caught the market’s attention. The property developer’s share price climbed higher last week to a nine-month high of 59.5 sen last Friday. GOB has signed a conditional sale and purchase agreement (SPA) to sell its da:men retail mall to Pavilion Real Estate Investment Trust (REIT) for RM488 million cash. As at June 30, the company’s cash balance was at RM79.7 million, while its total borrowings stood at RM270.83 million. Upon completion of the divestment of the da:men development, GOB’s cash pile will balloon to RM567.7 million. A back-of-the-envelope calculation revealed that GOB will be in a net cash position of RM296.83 million or 65 sen per share, after deducting all its borrowings. The indicative value was 9.7% higher than its current market capitalisation of RM270.53 million. This is compared to its net tangible assets of RM1.14 per share as at June 30, 2015, according to its filing with Bursa Malaysia on Aug 26. Last Friday, GOB’s share price went up 2.5 sen or 4.4% to close at 59.5 sen — the highest level since Dec 3 last year — with some 39.32 million shares changing hands, Global Oriental Bhd Sen 100 Vol (mil) 60 80 40 59.5 Sen 20 60 40 0 Sept 25, 2014 Sept 25, 2015 nouncement at a later date. GOB is formerly known as Equine Capital Bhd. The last time that the company had declared a dividend was in the financial year ended March 31, 2006, when it paid out 2.5 sen per share. It is worth pointing out that GOB has 17 properties (14 in the Klang Valley and three in Penang) with a collective net book value of approximately RM218.8 million as at March 31, 2015. Besides the disposal of the da :men retail mall, GOB in November last year sold two parcels of leasehold land with a collective land size of 15.56 acres (6.29ha) in Seri Kembangan, Selangor, to Summit View Development Sdn Bhd for RM142.35 million. Last month, GOB’s wholly-owned subsidiary Pertanian Taman Equine Sdn Bhd inked a conditional SPA with Kemaris Residences Sdn Bhd for the proposed disposal of a parcel of leasehold land within the mixed making it the fourth most actively traded counter of the day. Over the past month, the stock has gained 15.5 sen or 35% from a low of 44 sen on Sept 2. The large cash pile has sparked speculation on the likelihood of GOH declaring a special cash dividend. But a source familiar with GOB said the company is unlikely to declare the dividend as it needs the Global Oriental Bhd’s financial status cash to expand its property business, FYE MARCH 31 (RM MIL) for instance, to buy land. “The company is still working out the exact ratio for how much Revenue will be utilised for bank borrowings Net profit repayment and working capital,” the Net assets source said. Total borrowings “So far, the management has not indicated any intention to de- Fixed deposits, cash clare the special dividend,” the and bank balances source said, adding that the com- Net tangible assets per share (NTA) (RM) pany will make the relevant an- Source: GOB’s annual report and Bursa Malaysia data development of Taman Equine, measuring approximately 19.24 acres for RM43.3 million cash. GOB’s property developments are located mainly in the growth areas of the Klang Valley and Penang. In the Klang Valley, it has ongoing residential developments in Seri Kembangan. The residential developments in Seri Kembangan include gated and guarded residences dubbed “Villa Heights”, a low-density residential condominium development called “Springville” and “Galleria”, an exclusive serviced apartment project. Over in Penang, the company is undertaking a township development dubbed “Crescentia Park” through its subsidiary Penaga Pesona Sdn Bhd. In terms of earnings performance, GOB saw its net profit for the first quarter ended June 30, 2015 ballooning to RM78.8 million or 17.33 sen per share from RM5.48 million or 2.41 sen per 2011 2012 2013 2014 2015 2016 (UNTIL 1Q) (JUNE 30, 2015) 149.05 6.37 189.85 107.00 277.54 32.13 221.98 46.95 271.46 30.49 252.47 71.01 352.10 39.04 291.51 221.89 445.12 30.39 439.54 254.09 224.03 78.80 529.05 270.83 20.18 0.84 31.43 0.98 39.97 1.11 61.35 1.28 59.99 0.97 79.66 1.14 B2C firms risk obsolescence without digital platform, says Digital News Asia CEO BY A ZRI L A N N UAR KUALA LUMPUR: In about 15 to 20 years, companies that are primarily in the business-to-consumer (B2C) space will be left behind if they do not start investing in the digital platform now, said Digital News Asia (DNA) founder and chief executive officer, Karamjit Singh (pic). As it is, start-ups are already taking advantage of the digital sphere as they capitalise on the changing consumer attitude due to the advent of the technology and connectivity, said Karamjit in an interview with The Edge Financial Daily last week. This may well become a potential threat to current large, brickand-mortar companies, which is what DNA’s inaugural business conference, entitled “What’s Next: The Business Impact of Disruptive Technology”, tomorrow at Cyber- view Resort and Spa — seeks to address. “One of my speakers who sold his e-commerce company in Thailand says that in the next five years, e-commerce percentage of the retail market will move from 1% to 10%. If traditional B2C companies don’t come in for a market grab, they will be left behind. “By the time they try to catch up, the current market leaders will have built too much of a lead. This is where another speaker says that in 15 to 20 years’ time, any company who has not gone digital will no longer be around,” said Karamjit. The event is particularly suited for executives responsible for corporate strategy and innovation at mid- to large-sized companies, according to DNA. What’s Next aims to help them understand how the combination of technologies and/or changing user behaviour, driven by technology, will impact industries, particularly those with a consumer-facing business such as telecommunication firms, banks, media, insurance, and healthcare. “The new start-ups find that they can serve consumers better via the digital platform. If you look at the Generation Y, they are very familiar with the digital platform. share last year. Revenue also leapt to RM224.03 million, compared with RM92.62 million in the previous corresponding period. The better net profit and revenue were mainly attributable to the completion of the sale of two parcels of leasehold land in Seri Kembangan, coupled with higher revenue recognition and profit contribution from the da:men mixed development, according to GOB’s results announcement. Moving forward, in the announcement, GOB said it expects the domestic property market to remain challenging with concerns about banks’ credit tightening measures and the growing purchasers’ cautious sentiment. “Nevertheless, the group’s projects are progressing satisfactorily and continue to contribute to the earnings of the group for the remainder of the financial year,” it added. Even some who are [aged] 30 and above, the Generation X, are getting used to the digital platform. “This is something that most brick-and-mortar companies or other B2C companies don’t realise. They think they are safe with the ones (customers) above [the age of ] 30 and 40, but the trend is changing. Those above 40 are also moving to digital,” said Karamjit. He said this is primarily due to the rise of smartphone usage. What’s Next’s keynote speaker is AirAsia Bhd founder Tan Sri Tony Fernandes. Other speakers at the event include Mol Global Inc founder and executive chairman Ganesh Kumar, and Iflix co-founder and chief executive officer Mark Britt. The talk will be held tomorrow at Cyberview Resort and Spa. Members of the public can register at digitalnewsasia.com/whatsnext or call +603-7940 0300. More access to finance spurs SMEs’ growth KUALA LUMPUR: The Federation of Malaysian Manufacturers (FMM) has expressed relief over the government’s move to enhance the Working Capital Guarantee, whereby an additional RM2 billion would be given to non-service sectors. “The scheme will help small and medium enterprises (SMEs) gain access to finance and maintain their operations under current economic constraints,” FMM chief executive officer Dr Yeoh Oon Tean said. It was one of the measures outlined by Prime Minister Datuk Seri Najib Razak recently to protect Malaysia’s “real economy” to restore business confidence and cushion the impact of global economic uncertainty. The additional funding was announced by Najib after he chaired the Special Economic Committee meeting in Putrajaya. — Bernama HOME BUSINESS 9 M ON DAY S E P T E MB E R 28 , 2015 • T HEED G E FINA NCIA L DAILY A run good for the soul RUNNING to heal — that is what The Edge Kuala Lumpur Rat Race 2015 is all about. Be it for health, kinship or the soul, Malaysian corporates are being rallied to put aside their concerns about the economy and to do good for people with very little in their lives. Loosely based on the Carey Wall Street Rat Race in New York, The Edge Kuala Lumpur Rat Race 2015 will take place on Tuesday, Oct 27. Half of the proceeds will be used to fund English and financial literacy programmes managed by The Edge Education Foundation, while the balance will be evenly distributed to selected beneficiaries for educational and training programmes. The 16th edition of the Rat Race last year saw RM1.84 million channelled to 12 beneficiaries. So, it is time for corporate figures to don their running shoes to raise funds for the less fortunate. Vistage Malaysia makes its debut It is a year of firsts for Vistage Malaysia at The Edge Kuala Lumpur Rat Race 2015 — it is making its debut in the race as well as stepping up as a sponsor. Vistage Malaysia supports diverse charitable activities, such as Stop Hunger Now and Five Arts Centre’s youth programmes and community projects. It has also conducted a personal coaching programme for retrenched workers who aspire to be entrepreneurs. The company will send two teams to compete in the mixed category, and its chairman and chief listener Richard Wong and executive director Sherine Cheng will take part in the CEO (chief executive officer) Race. Although this will be their first race, Wong and Cheng do not feel the pressure to win and are looking forward to the event. They want to inspire more CEOs and companies to don their run- ning shoes for charity. “It is also our way to be role models — to influence our CEOs and key staff to support a worthy cause,” they say. “We are walking the talk.” They say their participation in the race reflects the top management’s support for charitable work and promotion of healthy living. “Fit and healthy people are naturally more productive and they make better colleagues.” Running in the race is a good way of involving sponsors and donors on top of doling out cash, they add. Vistage’s runners are preparing for the race by jogging and running around a lake twice a week after work. Trinity strives for work-life balance For Trinity Group Bhd, this year’s race is a step towards attaining work-life balance and achieving non-work-related success by its staff. Taking part in his first Rat Race in the CEO category, Datuk Andy Khoo Poh Chye is looking to reinforce the importance of having “body, mind and spirit balance” for a happy and healthy life. “As I should lead by example, I will take this opportunity to instil that thought in my colleagues. And for me, it is a good start to stay fit!” He believes that a good corporate social responsibility programme should tap into a company’s competency when developing initiatives that benefit society, be focused with clear objectives and be sustainable in the long run. The group participated in a flood relief campaign in the East Coast earlier this year through the Trinity Flood Relief Effort programme. It converted its sales gallery into a temporary donation collection centre and assisted the transport of goods to a nearby airbase for delivery. “Knowing that we are running for a charitable cause is a good motivator in itself, as each step I take along the route will help secure a student’s future through The Edge Education Foundation,” says Khoo. Running together for the first time, Trinity’s five-member team is training hard near their office in Bukit Jalil in preparation for the event. The heat is on for Ireka Ireka Corp Bhd CEO Monica Lai Voon Huey says the heat is on at Rat Race this year as she seeks to repeat her achievement in last year’s CEO Race, where she came in second. She believes that taking part in the CEO Race is a chance to “lead by example”. She adds that the event is a good idea that combines charity and sport. Ireka is no stranger to corporate responsibility programmes, with IREKA CARES entering its fifth year. Each year, the programme selects and adopts a children’s home under one of its five pillars — community, arts, recreation, environment and sports (CARES). The company’s employees then run a series of educational and learning programmes at the home throughout the year. “We also make use of our property, IT and construction skills to improve the living environment of the children, doing minor upgrades and renovations at the home, as well as providing IT support. To date, we have worked with three homes, namely Lighthouse Bangsar, Rumah Hope and Rumah Kanak-Kanak Angels,” Lai says. Ireka is fielding a team of five runners in the mixed category. “This is the perfect way to exercise and raise funds for worthwhile causes. I like the idea of running for a reason,” says team leader Mohd Fakhzan. The Edge Kuala Lumpur Rat Race 2015 collection (as at Sept 21, 2015) COMPANY NAME AMOUNT (RM) TOTAL TEAMS Aberdeen Asset Management Sdn Bhd Affin Hwang Asset Management Bhd Amundi Malaysia Sdn Bhd Astro Malaysia Holdings Bhd Axis REIT Managers Bhd BCG Sdn Bhd BHIC Aeroservices Sdn Bhd CIMB Investment Bank Bhd Citibank Bhd Credit Suisse Securities (Malaysia) Sdn Bhd Deloitte DKSH Malaysia Sdn Bhd Eco World Development Group Bhd * EY Malaysia Feruni Ceramiche Sdn Bhd ** Fraser & Neave (Malaya) Sdn Bhd Gamuda Genting Malaysia Bhd Glomac Bhd Hartalega Sdn Bhd IOI Group Ireka Corporation Bhd K&N Kenanga Holdings Bhd Khazanah Nasional Bhd KNM Group Bhd KPMG Land & General Bhd **** Matrix Concepts Holdings Bhd ** Maxis Bhd Maybank Merchantrade Asia Sdn Bhd Microlink Solutions Bhd MKH Bhd MyTeksi Sdn Bhd Naza TTDI Sdn Bhd Nestlé Products Sdn Bhd PricewaterhouseCoopers (PWC) Malaysia REDHA Youth RHB Banking Group S P Setia Bhd Tanjong Management Services Sdn Bhd The Edge Media Group Top Glove Corporation Bhd Trinity Group Sdn Bhd Tropicana Corporation Bhd UDA Holdings Bhd Vistage Malaysia Sdn Bhd *** WCT Holdings Bhd Total 18,000.00 66,000.00 18,000.00 18,000.00 18,000.00 18,000.00 18,000.00 32,000.00 18,000.00 18,000.00 18,000.00 18,000.00 66,000.00 18,000.00 44,000.00 32,000.00 32,000.00 18,000.00 18,000.00 18,000.00 32,000.00 18,000.00 18,000.00 18,000.00 32,000.00 18,000.00 18,000.00 44,000.00 18,000.00 54,000.00 32,000.00 18,000.00 18,000.00 18,000.00 32,000.00 18,000.00 18,000.00 18,000.00 44,000.00 32,000.00 18,000.00 44,000.00 18,000.00 18,000.00 18,000.00 18,000.00 32,000.00 18,000.00 1,226,000.00 1 6 1 6 1 1 1 2 1 1 1 1 6 1 3 2 2 1 1 1 2 1 1 1 2 1 1 3 1 4 2 1 1 1 2 1 1 1 3 2 1 3 1 1 1 1 2 1 83 * Part of ‘Powered by’ ** Part of Gold Sponsorship Package *** Part of Silver Sponsorship Package **** Part of Bronze Sponsorship Package 1 0 P R O P E RT Y S NA P S H T M ON DAY SEP TEM B ER 28, 2 0 1 5 • TH EEDGE F I N AN C I AL DAI LY Source: theedgeproperty.com Prices climb in Cheras South Cheras South non-landed residential average price • Over the past years, the neighbourhoods south of Cheras have been witnessing a slew of new developments that are marketed using the moniker Cheras South. This week, theedgeproperty.com looks at the performance of non-landed properties in this area. We have found that projects falling under Cheras South span from the 7th to the 11th Mile of the Cheras-Kajang Expressway and include townships such as Bandar Damai Perdana, Bandar Tun Hussein Onn, and Bandar Mahkota Cheras. • Based on theedgeproperty.com’s analysis of transactions, prices of non-landed properties in Cheras South appreciated steadily from 2012 to 2014, although prices here are still very affordable. The average transacted price per square foot (psf) rose 13.8% y-y to RM241 psf in 3Q2014. In the preceding year, it grew 25.5% y-y. • The growth in average price may be partly attributed to the wave of newly completed projects. Some of the latest additions to the landscape include Livia Residence, Mahkota Residence and Suria Court. • Meanwhile, a rise in average prices can also be observed across almost all existing properties, albeit from a low base. This suggests that the local secondary market is also befitting from the influx of new developments. • In the 12 months to 3Q2014, transaction volume slipped 23.6% y-y from 664 to 507 units. Transaction activity is likely to return with the new developments bringing at least 3,900 units into the market. Some of the latest projects include 9ine, Green Residence, Imperial Residency, Lake Vista Residence, Lumiere, The iResidence, Vina Versatile Homes, You Residences, You Vista and Windows On The Park. Cheras South non-landed residential volume The Analytics are based on the data available at the date of publication and may be subject to further revision as and when more data is made available to us. For more of such information across Malaysia and Singapore, log on to the theedgeproperty.com. The one-stop portal for all your property needs, theedgeproperty.com offers price and transaction records, trend analysis, research classifieds, and more – all for FREE! Source: theedgeproperty.com Protasco to hand over Phase 1 of RM10b De Centrum City in December London ‘Billionaires Row’ home said to sell for £85m BY N E IL C A L L A N A N BY A ZRI L A N N UAR KUALA LUMPUR: Protasco Bhd will hand over its entire Phase 1 of the De Centrum City development in Kuala Lumpur South, comprising a shopping centre block with 29 retail units, a serviced apartment block with 320 units, a small office/home office block with 192 units and 54 shoplots to purchasers in December. The property developer unveiled the RM10 billion new township in 2007. Spanning 100 acres (40.46ha), the new township would be developed in stages over a 15-year period. The freehold tract of land where the township is being built, is currently the site for De Centrum Sales Gallery and the Infrastructure University Kuala Lumpur (IUKL). “De Centrum City is possibly the first township in Malaysia to be built around an existing academic institution, and there is growth potential and opportunities not only for those involved with academia, but also for families looking to set up new homes, companies looking for a prestigious address outside the city, businessmen and investors,” said Protasco managing director of property and infrastructure Datuk Kenny Chong Ther Nen in a statement last Tuesday. Protasco said Phase 1 of the project entails a shopping centre called Gallerie @ De Centrum, which is scheduled to open by February next year. To date, 70% of the shopping centre has been leased out to tenants, who will operate a fitness centre, convenience stores, pharmacies, bookshops, fast-food restaurants and a supermarket. Under Phase 1, the De Centrum City de- An artist’s impression of Protasco’s master plan for the De Centrum City township. velopment also features two condominium towers (A & B) called De Centrum Unipark, which have been completed, while the remaining two blocks (C & D) will be completed by 2017. When fully completed, De Centrum Unipark will offer a total of 640 units. Protasco said coming up next is a highend residential development called Rimbawan Residences@De Centrum, which will feature 504 high-rise condominium units and 13 exclusive villas. “Given the location of De Centrum City in close proximity to [the] IUKL, University Putra Malaysia and other institutions of higher learning, it is envisioned that a knowledge community will grow and evolve from here — with start-up companies, technology incubators and other amenities to support an entrepreneurial ecosystem,” said Chong. Protasco said most of the existing structures on the land will be demolished to make way for new ones to be built according to the master plan. “The existing university campus will also be upgraded with green features added — from a network of elevated green bridges with public parks and water features to sheltered pedestrian walkways and bicycle paths. A shuttle bus service will be started to link commuters in De Centrum City to the Kajang mass rapid transit station, which is scheduled to be operational by July 2017,” it added. The group said De Centrum City is expected to be a catalyst for growth for the Kuala Lumpur South corridor by providing investment opportunities and creating new jobs. The new township will cater to the existing population of 500,000 located within a 20-minute drive from De Centrum City. On the prevailing slow economy, Chong said: “We own the entire prime land of De Centrum City, which is unencumbered, so there is less pressure on us to achieve unrealistic targets as we can pace our growth to coincide with general economic growth accordingly. We believe a sound long-term development will override any temporary fluctuations in the market,” he added. LONDON: The property company that generates income for Queen Elizabeth II agreed to sell a house in the London street known as “Billionaires Row”, two people with knowledge of the matter said. The home in Kensington Palace Gardens, the United Kingdom’s most expensive street, is being sold by the Crown Estate for almost £85 million (RM567.96 million), said the people, who asked not to be identified. The home has 10 bedrooms, according to real estate website Zoopla. The Crown Estate, which owns the freehold to the west London street, offered to sell a 125-year lease for the home in January, according to its annual report. The street, west of Hyde Park, is one of the city’s few private roads where no passing traffic can enter. The sale comes as the central London luxury-home market is slowing. The average price of a home in the city’s best districts fell 4.4% in August from a year earlier to £1,426 a sq ft. Homes in Kensington declined 0.6%, according to broker Knight Frank LLP. The average Kensington home is valued at £3.4 million, according to broker Foxtons Group plc. “Kensington Palace Gardens remains the ultimate address for ultra-high net worth individuals requiring security and discretion,” said Giles Hannah, senior vice-president at Christie’s International Real Estate. “It’s the most sought after and most valuable street for homes in London.” The Crown Estate oversees real estate surrendered in 1760 by the monarchy in exchange for annual payments. — Bloomberg ST O C KS W I T H M O M E N T U M 11 M ON DAY S E P T E MB E R 28 , 2015 • T HEED G E FINA NCIA L DAILY www.theedgemarkets.com This column is an analysis done by Asia Analytica Sdn Bhd on the fundamentals of stocks with momentum that were picked up using proprietary algorithm by Anticipatory Analytics Sdn Bhd and that first appeared at www.theedgemarkets.com. Please exercise your own judgment or seek professional advice for your specific investment needs. We are not responsible for your investment decisions. Our shareholders, directors and employees may have positions in any of the stocks mentioned. DATASONIC GROUP BHD (-ve) DATASONIC (Fundamental: 1.75/3, Valuation: 0.5/3) triggered our momentum alert last Friday, rising some 5.9% to close at RM1.44. Datasonic is the only ICT vendor involved in 3 major smart card programs in Malaysia: Government Multi Purpose Cards (including MyKad and MyPR), Payment Multi Purpose Cards (bankcard or ATM chip-based smart card), and Europay, MasterCard and Visa Cards migration. The company’s earnings are derived from 2 main sources — the supply of MyKads to DATASONIC GROUP BHD the National Registration Department (NRD) and polycarbonate datapage of passports to the Immigration Department. For 1QFYMar2016, revenue declined 24% to RM54.4 million from RM71.6 million in the 3-month period ending June 2014 — having changed its financial year end from December to March. Net profit halved to RM12.4 million. In March, it bagged a RM32.6 million contract for the maintenance services for personalisation process at the NRD for 2 years, from May 1, 2015 to April 30, 2017. Valuation score* 0.50 1.75 Fundamental score** 41.60 TTM P/E (x) (0.85) TTM PEG (x) 8.28 P/NAV (x) 1.47 TTM Dividend yield (%) 1,836.00 Market capitalisation (mil) Shares outstanding (ex-treasury) mil 1,350.00 1.07 Beta 1.00-1.72 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 D&O GREEN TECHNOLOGIES BHD (+ve) SHARES of LED-manufacturer D&O Green Technologies Bhd (Fundamental: 0.75/3, Valuation: 0.60/3) surged 16.4% on heavy volume to close at 35.5 sen last Friday. For 1H2015 ended June, profits surged to RM4.5 million compared to a loss of RM0.1 million from a year earlier. This was despite a 9% drop in revenues to RM204 million. The improved performance was attributed to the stronger US dollar and shift towards higher margin products. D&O GREEN TECHNOLOGIES BHD Although the company appears to be turning around, investors should note that its 68.7%-owned subsidiary, Dominant Opto Technologies Sdn Bhd, lost a court case on Aug 28, 2015. As a result it has to pay RM21.7 million to the plaintiff, Geepar Enterprise Sdn Bhd. D&O estimates that this ruling, which it intends to appeal, will cause its FY2015 earnings and net asset per share to drop by 0.85 sen. This is nearly double the company’s current half-year earnings. Valuation score* 0.60 0.75 Fundamental score** 55.76 TTM P/E (x) 0.43 TTM PEG (x) 2.06 P/NAV (x) TTM Dividend yield (%) 298.39 Market capitalisation (mil) Shares outstanding (ex-treasury) mil 978.34 0.48 Beta 0.22-0.32 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 TECNIC GROUP BHD (+ve) DATASONIC GROUP BHD (ALL FIGURES IN MYR MIL) Financials Turnover EBITDA Interest expense Pre-tax profit Net profit - owners of company Fixed assets - PPE Total assets Shareholders' fund Gross borrowings Net debt/(cash) DATASONIC GROUP BHD RATIOS DPS ($) Net asset per share ($) ROE (%) Turnover growth (%) Net profit growth (%) Net margin (%) ROA (%) Current ratio (x) Gearing (%) Interest cover (x) D&O GREEN TECHNOLOGIES BHD (ALL FIGURES IN MYR MIL) Financials Turnover EBITDA Interest expense Pre-tax profit Net profit - owners of company Fixed assets - PPE Total assets Shareholders' fund Gross borrowings Net debt/(cash) D&O GREEN TECHNOLOGIES BHD RATIOS DPS ($) Net asset per share ($) ROE (%) Turnover growth (%) Net profit growth (%) Net margin (%) ROA (%) Current ratio (x) Gearing (%) Interest cover (x) TECNIC GROUP BHD (ALL FIGURES IN MYR MIL) TECNIC (Fundamental: 1.95/3, Valuation: 2.1/3) has risen 23.3% to a 3-year high of RM1.48 after it entered into a non-binding memorandum of understanding with Rohas-Euco Holdings Sdn Bhd (REH) for a proposed reverse takeover (RTO) last Monday. The RTO entails Tecnic acquiring all the equity interest held by REH in Rohas-Euco Industries Bhd (REI) for RM200 million, satisfied via the issuance of 317.46 million new Tecnic shares at 63 sen per share. TECNIC GROUP BHD REI is principally involved in the design and fabrication of steel structures for high-tension transmission towers, microwave towers and substation structures. Recall that Tecnic became a Practice Note 16 or cash company after it completed the disposal of its entire business to sister company SKP Resources Bhd for RM200 million in April. Therefore, Tecnic has approximately six months to regularise its status by acquiring a new core business to maintain its listing status. Valuation score* 2.10 1.95 Fundamental score** 0.50 TTM P/E (x) 0.00 TTM PEG (x) 2.30 P/NAV (x) 195.54 TTM Dividend yield (%) 54.54 Market capitalisation (mil) 40.40 Shares outstanding (ex-treasury) mil -0.01 Beta 0.09-1.35 12-month price range *Valuation score - Composite measure of historical return & valuation **Fundamental score - Composite measure of balance sheet strength & profitability Note: A score of 3.0 is the best to have and 0.0 is the worst to have Financials Turnover EBITDA Interest expense Pre-tax profit Net profit - owners of company Fixed assets - PPE Total assets Shareholders' fund Gross borrowings Net debt/(cash) TECNIC GROUP BHD RATIOS DPS ($) Net asset per share ($) ROE (%) Turnover growth (%) Net profit growth (%) Net margin (%) ROA (%) Current ratio (x) Gearing (%) Interest cover (x) FY12 FY13 FY15 FY2016Q1 31/12/2012 31/12/2013 31/3/2015 30/6/2015 178.7 38.1 1.6 35.4 28.1 51.6 186.7 110.7 100.4 57.1 260.7 116.9 7.2 93.7 81.9 146.6 312.7 177.9 151.6 116.2 285.2 119.6 9.0 75.5 71.9 140.6 325.0 222.8 134.4 85.4 54.4 22.6 1.5 14.1 12.4 136.4 309.7 221.7 101.0 65.9 FY12 FY13 31/12/2012 31/12/2013 31/3/2015 FY15 ROLLING 12-MTH 0.05 1.23 15.73 3.43 51.61 23.89 0.10 0.26 56.76 45.89 191.27 31.41 32.80 4.57 65.29 16.19 0.02 0.17 35.88 9.37 (12.20) 25.22 22.55 4.97 38.31 13.31 0.02 0.16 22.41 (18.70) (48.91) 20.42 14.15 6.35 29.74 12.64 FY12 FY13 FY14 FY2015Q2 31/12/2012 31/12/2013 31/12/2014 30/6/2015 192.2 18.2 3.3 (3.6) (5.8) 112.1 179.7 131.0 70.8 46.2 340.9 27.2 3.1 5.0 0.4 114.4 166.9 123.6 69.6 42.0 421.3 32.0 2.6 6.1 0.7 117.8 178.0 134.1 65.3 35.7 113.1 10.2 0.6 6.1 4.0 117.3 191.9 144.9 65.8 29.0 FY12 FY13 31/12/2012 31/12/2013 31/12/2014 FY14 ROLLING 12-MTH 0.13 (4.41) 12.63 (3.03) (3.20) 1.15 35.27 5.50 0.13 0.32 77.36 0.12 0.23 1.02 33.95 8.66 0.14 0.57 23.58 82.79 0.17 0.42 1.04 26.63 12.12 0.15 4.08 (6.82) 130.75 1.33 3.06 1.10 20.04 14.48 FY12 FY13 FY14 FY2015Q2 31/12/2012 31/12/2013 31/12/2014 30/6/2015 194.0 29.6 0.2 22.6 17.4 58.1 106.8 99.7 5.9 (4.9) 213.2 25.4 0.1 19.0 14.7 57.7 118.1 112.5 (22.7) 283.5 33.7 0.0 26.2 19.7 64.9 136.5 130.2 (38.8) (0.3) 0.1 0.1 23.8 23.8 (14.1) FY12 FY13 31/12/2012 31/12/2013 31/12/2014 FY14 ROLLING 12-MTH 0.05 2.47 18.10 (7.59) (13.58) 8.97 16.90 2.65 144.64 0.05 2.78 13.89 9.92 (15.26) 6.91 13.11 2.54 259.50 2.64 3.22 16.26 32.98 33.79 6.96 15.49 2.57 12,496.44 2.64 0.59 90.00 (28.41) 536.40 81.38 86.80 133.71 6,169.00 1 2 I N V E ST I N G I D E A S M ON DAY SEP TEM B ER 28, 2 0 1 5 • TH EEDGE F I N AN C I AL DAI LY BROUGHT TO YOU BY www.theedgemarkets.com I N S I D E R A S I A’S S TO C K O F T H E D AY Note: This report is brought to you by Asia Analytica Sdn Bhd, a licensed investment adviser. Please exercise your own judgment or seek professional advice for your specific investment needs. We are not responsible for your investment decisions. Our shareholders, directors and employees may have positions in any of the stocks mentioned. TEO SENG CAPITAL BHD (ALL FIGURES IN MYR MIL) TEO SENG CAPITAL BHD TEO Seng (Fundamental: 1.5/3, Valuation: 1.9/3) is predominantly involved in layer farming — rearing chickens to produce eggs. With current production of 3 million eggs per day, it is one of the largest egg producer in the country. The company has its own in-house feed mill and also manufactures animal health products. We like Teo Seng as a well-managed company, with higher than industry average profit margin (trailing 12-month net margin of 13.1%) and lower than average gearing of 29.7%. It is also fairly inexpensive, trading at trailing 12-month P/E and EV/EBITDA of 7.96 and 5.48 times, respectively. Whilst demand for eggs is fairly resilient — and should grow steadily — earnings are affected by fluctuating egg prices and costs for feed stock, mainly corn and soybean meal, which are denominated in US dollar. Teo Seng’s share price rallied in 1Q2015, buoyed by higher egg prices and lower feed costs. But its shares then slumped to the curTEO SENG CAPITAL BHD rent RM1.42, down 35.75% from a peak of RM2.21. This follows weak 2Q2015 earnings results where a sharp fall in egg prices — Grade “A” dropped from 37 cents to 29 cents — saw earnings drop 58.44% q-q to RM7.3 million. Positively, egg prices are on the rebound and we expect better performance in 2H2015. This could be the catalyst for a fresh rally. Teo Seng has hedged about one year’s supply of animal feed in 2Q2015; thus, impact from recent weakening of ringgit will be minimal. It also exports about 27.75% of the revenue to Singapore and should benefit from the stronger Singapore dollar. The company is expanding capacity, which should underpin longer-term growth. Dividends, however, may be cut back this year, in view of the higher capex. Teo Seng has a dividend policy to pay out 20-50% of annual net profits. We estimate dividends at roughly 5 sen per share — after taking into account the 1-for-2 bonus issue in January. That will earn shareholders a fairly decent yield of 3.52%. Valuation score* 1.50 1.90 Fundamental score** 7.96 TTM P/E (x) 0.12 TTM PEG (x) 2.33 P/NAV (x) 2.35 TTM Dividend yield (%) 425.70 Market capitalisation (mil) Shares outstanding (ex-treasury) mil 299.79 0.71 Beta 1.12-2.21 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 Looking for diamonds in the rough? Our challenge at The Edge Research is to discover undervalued stocks and separate the wheat from the chaff. Would you like to join us on the quest? We are looking for bright young minds to join our research team. Fresh graduates are most welcome to apply. If you are interested, please send your rèsumè to: The Manager, Human Resource Department Email: [email protected]. Fax: 603-7721 8008 Only shortlisted candidates will be notified FY12_1 FY13 FY14 FY2015Q2 31/12/2012 31/12/2013 31/12/2014 30/6/2015 Income Statement Turnover EBITDA Depreciation EBIT Associates Interest income Interest expense Extraordinary gain/(loss) Pre-tax profit Net profit - owners of company Balance sheet Fixed assets - PPE Biological assets Intangibles & goodwill Cash and equivalents Total current assets ST borrowings Total current liabilities Total assets Shareholders' fund Long term borrowings 197.5 11.8 7.7 4.1 0.1 2.8 (0.3) 1.1 0.8 330.8 44.4 10.5 33.9 0.1 4.1 0.1 30.0 23.4 380.9 81.4 11.4 70.0 0.2 3.9 66.4 48.6 90.6 12.9 3.2 9.8 0.1 1.0 8.8 7.3 132.0 17.9 95.2 67.6 100.6 127.0 111.2 2.7 142.9 35.7 115.0 74.8 112.3 145.9 132.6 1.8 160.4 39.7 135.0 65.3 118.3 177.2 158.3 3.7 202.0 21.6 128.8 67.8 121.3 209.6 182.4 8.0 TEO SENG CAPITAL BHD FY12_1 FY13 31/12/2012 31/12/2013 31/12/2014 0.56 0.69 (26.10) (95.52) 0.39 0.59 0.95 47.09 4.30 0.03 0.66 19.21 67.44 2,929.32 7.08 17.16 1.02 30.87 10.86 0.10 0.79 33.43 15.17 107.57 12.76 30.09 1.14 18.46 21.13 RATIOS DPS ($) Net asset per share ($) ROE (%) Turnover growth (%) Net profit growth (%) Net margin (%) ROA (%) Current ratio (x) Gearing (%) Interest cover (x) FY14 ROLLING 12-MTH 0.05 0.61 35.01 17.63 64.52 13.13 31.33 1.06 29.74 22.70 B R O K E R S’ C A L L 13 M ON DAY S E P T E MB E R 28 , 2015 • T HEED G E FINA NCIA L DAILY Westports’ tariff hike needs notice Westports Holdings Bhd (Sept 25, RM4.20) Maintain buy call with a lower target price (TP) of RM5.26 from RM5.35 previously: The tariff hike has been postponed to Nov 1 from Sept 1 as decided by the Port Klang Authority. We on Aug 7 assumed that Westports needs at least a month to give its clients a notice before implementing the tariff hike. Slowdown in China’s economy has contributed to a slower pace in container growth by the Intra-Asia trade line, shrinking from 12.9% in the first half of 2014 (1H14) to 8% in 1H15. Contributions from the Asia-Africa trade line have entered into negative territory of 19% in 1H15 versus a gain of 16.2% in 1H14. The management remains unperturbed as 1H15 container volume grew by 10%, still of within its targeted annual growth of between 5% and 10%. As such, we maintain our throughput growth projection of 8.5% for financial year 2015 (FY15). Risks to our call include contain- Industry’s mobile service revenue expected to remain weak in 3Q15 Westports Holdings Bhd FYE DEC (RM MIL) 2014A 2015E 2016E 2017E Turnover Ebitda Pre-tax profit Rpt net profit Norm net profit Norm EPS (sen) PER (x) Book value (RM) P/BV (x) Net dvd yield (%) Net gearing (%) ROE (%) ROA (%) 1,503 768 591 496 510 15 27.9 0.5 8.1 2.7 40.0 30.3 13.7 1,654 859 671 510 510 15 27.9 0.6 7.5 2.7 45.5 27.9 12.8 1,894 1,017 806 661 661 19 21.5 0.6 6.7 3.5 44.6 33.0 14.8 2,109 1,150 920 754 754 22 18.8 0.7 6.1 4.0 34.6 33.9 15.3 Source: Hong Leong Investment Bank er trade volatility and stiff competition from regional ports. We tweak our forecasts as we think new tariff hikes will kick in from FY16 (we previously assumed in October). This leads to a dilution in FY15 earnings per share by 2%. We continue to like Westports’ business model of long-term sustainable, recurring and yet growing income. Hence, we maintain our “buy” call, but our TP is lowered to RM5.26 based on discounted cash flow estimates from RM5.35 after we changed our assumptions on tariff hikes. — HLIB Research, Sept 25 Telco sector Neutral (previously underweight): Post-paid competition among the big three telcos has eased slightly quarter-on-quarter (q-o-q), as DiGi and Celcom pulled out their RM36 to RM38 offers (3GB) from the market in mid-July. Still, their new post-paid offers are priced lower versus the first quarter of 2015 (1Q15). Among smaller players, U Mobile significantly raised the data quota for its RM28 plan from 1GB to 3GB in late-July, and launched a very aggressive new RM70 Hero plan (7GB, unlimited calls/SMS) early this month. Celcom’s Magic Sim triggered other telcos to launch their own promotions in 3Q15. As a result, free basic Internet has now become a standard feature in the industry, while free high-speed Internet is given upon credit reload. Competition in the international direct dialing (IDD) segment also continued to be intense. Celcom has significantly cut its headline tariffs, while on the ground checks revealed that Maxis continued to push for more traction with attractive free IDD call promotions. Due to intense competition, we expect the industry’s mobile service revenue to remain weak in 3Q15, after falling 0.5% q-o-q (-0.9% year-on-year) in 2Q15. Maxis could gain revenue market share for a third consecutive quarter on further traction in the prepaid segment. DiGi is likely to see further revenue pressure due to intense prepaid competition and margin pressure from higher international traffic costs due to a weak ringgit. We expect Celcom to turn around and report its first positive prepaid net adds since 2Q14, but revenue improvements could lag. Malaysian telco share prices have slid 9.5% on average yearto-date (FBM KLCI: -8.4%). While the sector’s financial year 2016 (FY16) enterprise value/operating free cash flow is still at a 22% premium to the regional average, it is backed by decent FY15 to FY16 yields of 4% to 4.2%. We upgrade our sector call from “underweight” to “neutral”. We downgrade DiGi.Com Bhd from “hold” to “reduce” after its recent share price bounce. We keep our ratings on Axiata Group Bhd (add), Maxis Bhd (hold) and Telekom Malaysia Bhd (hold). Our top Malaysian telco pick is Axiata. For Asean telcos, our top picks are Indosat, XL and AIS. — CIMB Research, Sept 25 Play Warrant Hero with RM100,000 in cash prizes to be WON* The FIRST warrant trading contest in Malaysia has launched, download the app and start playing for FREE. WIN cash prizes and learn how to trade warrants by following the top performing traders. Proudly sponsored by Macquarie. WARRANT HERO Get started today with a FREE virtual portfolio of RM100,000 Visit www.malaysiawarrants.com.my for details. 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Macquarie is the leading issuer in Asia by market coverage *Terms and conditions apply, visit the website for details. 14 B R O K E R S’ C A L L M ON DAY SEP TEM B ER 28, 2 0 1 5 • TH EEDGE F I N AN C I AL DAI LY Content creation to drive Media Prima’s earnings growth Media Prima Bhd (Sept 25, RM1.19) Maintain buy with an unchanged target price (TP) of RM1.69: Content is predominantly created specifically to suit a singular platform. Such practice is not sustainable in the current media landscape as established media companies are providing multiplatform offerings. Likewise, we understand that Media Prima is focusing on producing content that is able to transcend across various platforms to suit different demographic groups of viewers. For instance, ‘Jejak Rasul’, a popular Islamic documentary show in Malaysia, can be repackaged into a travel documentary to be sold to neighbouring countries. To monetise contents effectively, the group also advocates product-bundling strategies whereby different grades of contents are packaged together. This will allow the monetisation of content that is less popular. In addition, it would be cost and time effective to repackage the content compared to producing an entirely new content. Approximately 70% of Media Prima’s content is sourced locally either through its content creation subsidiary, Primeworks Studios Sdn Bhd, or third-party vendors. Meanwhile, the remaining 30% is sourced through its foreign vendors, whereby the transaction is usually denominated in US dollars. Such practice will also limit the group’s exposure to fluctuations in foreign currencies. Due to the weakness in Media Prima’s share price performance, Media Prima Bhd FYE DEC 31 (RM MIL) Revenue Reported Ebit Reported pre-tax profit Reported net profit after MI Normalised net profit after MI Normalised EPS (sen) Normalised EPS growth (%) PER (x) Net dividend (sen) Net dividend yield (%) 2013 2014 2015F 2016F 1,722.9 291.7 290.0 214.2 214.2 19.2 4.5 6.0 14 12.1 1,507.0 113.8 101.4 75.5* 155.3 13.8 (27.8) 8.4 11 9.5 1,550.4 174.6 169.9 144.6 144.6 12.8 (7.3) 9.1 10 8.6 1,620.5 181.0 177.7 151.2 151.2 13.4 4.6 8.7 10 8.6 Source: MIDFR *One-off charge for mutual separation scheme (MSS) of RM79.8m we view that the stock currently trades at an attractive valuation. Based on the last closing price of RM1.16, the stock currently trades at a forward price-earnings ratio (PER) of approximately 8.6 times. This is below its three-year historical average of approximately 12.6 times. The weakness in share price also translates into a higher dividend yield of approximately 8.6%. There is no change in our earnings estimates at this juncture. Despite management hinting that advertising expenditure (adex) growth will be muted this year, we have already imputed this into our earnings forecasts. We are estimating weaker normalised financial year 2015 (FY15) earnings of RM144.66 million, a decrease of approximately 6.9% year-on-year (y-o-y), which will rebound in FY16 by 4.6% y-o-y. In times of adversity, the group has managed to perform considerably well through various cost-cutting exercises such as production cost savings and mutual separation schemes. This is seen in the improvement in earnings before interest, taxes, depreciation and amortisation margin in its recent quarterly earnings announcement. Moreover, we view that the strong balance sheet will support the group’s ability to consistently pay out dividends. We view that the current level of share price provides a good opportunity for investor to increase the stock’s exposure. All factors considered, we are maintaining our “buy” recommendation on the stock with an unchanged TP. Our TP assumption is based on FY16 earnings per share of 13.4 sen against its three-year historical average PER of 12.6 times. — MIDF, Sept 25 Hai-O’s 1QFY16 revenue up on strong performance in MLM division Hai-O Enterprise Bhd (Sept 25, RM2.29) Maintain underperform with a higher target price (TP) of RM2.22 from RM2 previously: Year-on-year (y-o-y), first quarter financial year 2016 (1QFY16) revenue grew 11.2% to RM55.4 million thanks to a strong performance in the multilevel marketing (MLM) division, which gained 29.4%, as the strategy of focusing on small-ticket items bore fruit. However, wholesale division sales recorded a decline of 21.5% due to the weak consumer sentiment and the implementation of the goods and services tax (GST). Operating profit increased 6.2% to RM8.7 million due to the strong performance in the MLM division. As a result, net profit grew 6.5% to RM6.6 million. Quarter-on-quarter (q-o-q), 1QFY16 revenue slid 21.4% to RM55.4 million largely due to the swing in sales in the wholesale division as customers stocked up in anticipation of the GST. Sales were also weaker in the MLM division due to the Ramadan fasting month. As a result, net profit fell 29.5% to RM6.6 million due to the higher base effect in the previous quarter. Outlook remains challenging with the biggest concern being the wholesale division due to the strong US dollar (USD) against the ringgit. With the USD remaining strong, the group may face difficulty in sustaining profit in this division. The strategy of realigning the sales focus towards small-ticket items has gained traction as they now contribute more than 60% to total sales while the revenue growth momentum is also seen to be picking up. However, we remain cautious as we foresee limited growth in the MLM division in view of the weak local consumer sentiment. Overall, we still maintain our negative stance on Hai-O Enterprise despite the improving performance in the MLM division in view of pedestrian growth forecast for the next two years (4% and 7.3%) and the risk in the wholesale division. Our TP was upgraded after we rolled over our valuation to FY17. The TP is based on unchanged 12.9 times price-earnings ratio, which is below its five-year mean. The risks to our call include the stronger-than-expected ringgit’s recovery against the USD, as well as better-than-expected consumer sentiment. — Kenanga Research, Sept 25 Hai-O Enterprise Bhd FYR APR (RM MIL) Turnover Ebit PBT Net profit (NP) Consensus (NP) EPS (sen) EPS growth (%) NDPS (sen) BV/Share (RM) PER P/BV (x) Net gearing (x) Net div yield (%) 2015A 2016E 2017E 239.9 42.2 43.0 30.1 15.4 (25.3) 15.0 1.30 14.8 1.76 cash 6.5 245.3 40.8 42.3 31.3 32.7 16.0 4.0 12.0 1.34 14.3 1.70 cash 5.3 252.6 44.2 45.1 33.6 38.1 17.2 7.3 13.0 1.39 13.3 1.65 cash 5.7 Source: Kenanga AmProp seen to be significantly undervalued Amcorp Properties Bhd (Sept 25, 88.5 sen) Initiate coverage with a target price (TP) of RM1.53: Amcorp Properties (AmProp) is a niche property developer that will likely see its London and Tokyo property projects driving its robust 64% earnings compound annual growth rate (CAGR) over financial year 2015 (FY15) to FY17. Meanwhile, its recurring income stream both from its investment property, Amcorp Trade Centre, and renewable energy projects in solar and hydro with a combined 16mw, is growing. At a 2016 price-earnings ratio of 4.9 times, we believe AmProp is significantly undervalued and ripe for a rerating given: 1) its improved earnings profile; 2) upside to valuations on greater stock awareness; and 3) dividend upside potential in view of noncore asset disposal. We initiate coverage with a “buy” call, with an upside potential of 88%. Since 2009, AmProp has been investing in the London property market, taking advantage of depressed prices and the weak pound sterling, post the global financial crisis. From a mere investor, AmProp has ventured into property development, together with strategic partners, with more sizeable projects both in London and Tokyo. Currently, unbilled sales from its London projects amount to a substantial £386 million (RM2.58 billion), or £79 million for AmProp’s portion, set to be recognised over FY17 and FY18. We believe AmProp’s earnings from FY16 are set for a quantum leap as contribution from its over- year 2016 (1QFY16), AmProp has recorded a net profit of RM57 million, exceeding its full-year FY15 earnings. For FY16, 75% of group 2014 2015 2016E 2017E 2018E FYE MAR (RM MIL) Revenue 170.2 173.6 170.8 136.2 136.7 earnings will be derived from LonEbitda 10.7 50.3 100.9 34.8 36.0 don, while contribution from overseas projects should jump to 88% to Pre-tax profit 153.7 41.2 86.6 110.8 163.0 91% over FY17 and FY18. Net profit 171.3 35.5 80.0 104.8 156.4 We initiate coverage on AmProp 29.4 5.9 13.4 17.6 26.2 with a “buy” rating and a sum-ofEPS (sen) 2.8 13.7 6.1 4.6 3.1 parts-derived TP. On the whole, PER (x) Core net profit 40.1 35.5 80.0 104.8 156.4 we like AmProp for its: 1) standout 6.9 5.9 13.4 17.6 26.2 three-year earnings CAGR of 64%; Core EPS (sen) (58.9) (13.6) 125.1 31.1 49.3 2) attractive valuations at 4.9 times Core EPS growth (%) 2016 earnings per share and divi11.8 13.7 6.1 4.6 3.1 Core PER (x) dend yield of 4% to 8%; 3) growing 25.0 3.0 3.3 4.4 6.5 recurring income base; 4) potential Net DPS (sen) 30.7 3.7 4.1 5.4 8.0 for disposal of non-core assets; and Dividend yield (%) 47.6 10.8 3.3 9.5 9.4 5) forward-looking management EV/Ebitda (x) team. Backed by a cash/share of Source: Company, Affin Hwang estimates RM0.49 and management’s active stock buy-back programme, we beseas property projects kicks in. We achieve a three-year core earnings lieve that AmProp is significantly project FY17 and FY18 earnings to CAGR of 64%. undervalued. — Affin Hwang Capjump between 31% and 49% and For the first quarter of financial ital, Sept 25 Amcorp Properties Bhd 15 M O N DAY S E P T E MB E R 28 , 2015 • T HEED G E FINA NCIA L DAILY ORGANISER GOLD SPONSORS POWERED BY SILVER SPONSOR E* NEW DAT BRONZE SPONSOR OFFICIAL TV & RADIO OFFICIAL DRINK * The Race was postponed as the of¿cial API (Air Pollutant Index) by the Department of Environment (Ministry of Natural Resources and Environment) at 9.00am, 8 September 2015, was 114 points. 27.10.2015 TUES TU ESDA DAY Y, SEP EPTE TEMB MBER ER 2 3 Corporate Malaysia runs for education REGISTER TODAY! VISIT WWW.KLRATRACE.COM FOR MORE INFORMATION 16 H O M E M ON DAY SEP TEM B ER 28, 2 0 1 5 • TH EEDGE F I N AN C I AL DAI LY ‘Asean can strengthen South-South Cooperation’ Malaysia remains ready to share development experience, says Najib NEW YORK: Malaysia will continue to share its experience to help strengthen the South-South Cooperation as a powerful force for developing countries, Datuk Seri Najib Razak said here on Saturday (yesterday in Malaysia). The prime minister said he was confident that as Asean established itself as a community by the end of the year, both Malaysia and other Southeast Asian nations would be able to do more to contribute to South-South Cooperation. Malaysia is the chair of Asean for 2015. “Malaysia remains ready to continue to share our development experience, even as we ourselves are on track to reach high-income status by 2020,” he told a high-level roundtable on South-South Cooperation at the United Nations (UN) headquarters here. The session attended by leaders of 20 countries was chaired by Chinese President Xi Jinping while UN secretary-general Ban Ki-Moon was also present. Najib said since 1980, Malaysia has been assisting less developed countries in areas such as economic planning, finance, trade, agriculture, education, industrial technical training and diplomacy. To date, he added Kuala Lumpur has allocated US$200 million (RM880 million) to the Malaysian Technical Cooperation Programme, benefiting 29,000 participants from 141 countries. However, he stressed that SouthSouth countries should stand united with a common voice to become a powerful force at all multilateral fora, providing an in-depth and more accurate diagnosis of the issues faced by developing countries. Citing a famous Chinese saying, “When people work with one mind, they can even move Mount Tai”, Najib said South-South Cooperation could help reinforce the emphasis on building the resilience of the poor and vulnerable, in particular the least developed, landlocked and small island states. “They especially need help in reducing their exposure to climate-related, natural, and economic shocks,” he added. Touching on the UN’s 2030 Sus- tainable Development Goals, Najib said: “What the world would be like then, we would not know for sure. What we do know, however, is that the global south will have continued its rise, and that many of the policy challenges will be of a cross-border, even cross-continental nature”. The high-level roundtable, among others, will provide a platform for South nations in urging developed nations to meet their commitments and to encourage the UN system to provide greater support to South-South Cooperation. Najib is currently on a working visit in New York, joining more than 170 world leaders, at the 70th session of the UN General Assembly. —Bernama Schools closed, flights cancelled due to haze PUTRAJAYA: Starting today, school managements and district education offices (PPD) are given the authority to decide on school closure if visibility drops to less than 500m. Education Minister Datuk Seri Mahdzir Khalid said previously, schools in areas affected by the haze would only be closed if the Air Pollutant Index (API) reading reached 200, which is very unhealthy. “I have discussed with the Natural Resources and Environment Ministry yesterday (Saturday) and decided that besides the API, visibility can also be taken into account in determining the closure of schools. “This means, even if the API is still between 100 and 120, but the visibility in the area is below 500m, we allow the PPD and headmaster to close the affected school,” he told a press conference here yesterday. All schools in Selangor, Kuala Lumpur, Putrajaya, Negeri Sembilan, Sri Aman (Kuching) and Samarahan (Sarawak) have been ordered closed today following a deterioration in the API reading. Mahdzir said the ministry had also decided that announcements on whether schools would be closed A security guard putting up a notice at the gate of Sekolah Kebangsaan Merpati Jepang, Kuching in Sarawak after the Education Ministry directed that all schools in the state be closed today due to the haze. Photo by Bernama or operated as usual the next day would be made at 2pm every day. On parents’ request that schools should be closed for three or four consecutive days, he said the proposal was logical but the ministry must take into account various factors, including the possibility of changes in the API reading. In KUCHING, all flights involving the Kuching to Pontianak and Pontianak to Kuching sectors were cancelled until further notice, said Kuching International Airport (KIA) general manager Mohd Nadzim Hashim. “All flights to and from Pontianak have been cancelled until further notice. There are no passengers stranded from the sector here since early notice was given,” he said. He said four flights that were scheduled to depart and arrive here (KIA) were delayed due to the haze yesterday morning since visibility was reduced to just 800m. He said the delayed flights were Kuching to Kuala Lumpur, Kuching to Sibu, Kuala Lumpur to Kuching and Sibu to Kuching. “The delay involved 333 passengers,” he told Bernama when contacted. In IPOH, six flights — three departures and three arrivals — were delayed due to the haze at the Sultan Azlan Shah Airport here yesterday. Malaysia Airports Sdn Bhd operations officer Tengku Mahmud Tengku Zainal said the flights were delayed to poor visibility at the airport, which was 600m. He said the delay involved departure flights for the Ipoh to Singapore and Ipoh to Johor Baru sectors, while arrival flights were for the Singapore to Ipoh and Johor to Ipoh sectors. The public can refer to http:// apims.doe.gov.my to find out about the current API readings. — Bernama BN Youth to discuss strategy for Sarawak state election BELAGA (Sarawak): Barisan Nasional (BN) Youth leader Khairy Jamaluddin will discuss with Sarawak BN Youth on its strategy for the Sarawak state election expected to be held early next year. Khairy said he would meet Sarawak BN Youth leader Datuk Seri Fadillah Yusof soon to discuss the matter. “We will choose a date near to the election to launch our machinery,” he told reporters after opening the Long Busang Health Clinic here yesterday. He said various programmes and activities had been carried out by the Sarawak BN Youth to get young voters to support BN in the coming election. Khairy had spent the night at Long Busang, which is in the Sarawak interiors, to experience living with the Kenyah Badeng community. It was organised under the BN Youth for the community programme to bring BN Youth members closer to the people living in the interior areas and to understand their needs and difficulties. Khairy said the programme focused on the interior areas in Sarawak, but would be expanded to other states in future. During the dialogue session, Hulu Rejang Member of Parliament (MP) Datuk Wilson Uggak Kumbong urged federal ministers from the peninsula to visit the interior of Sarawak to understand the situation and needs of the people. In making the call, he said the move would enable them to determine the type of development required by the people. “Only by experiencing for themselves, they can understand the problems and needs of the rural people,” he said. Uggak commended the Rembau MP for his willingness to travel to the remote areas, which took three hours by road from Bintulu and another eight hours by speed boat and long boat from the Bakun dam jetty to reach the Orang Ulu settlement of the ethnic Kenyah. Khairy is the first federal minister from the peninsula to visit Long Busang, a remote area in the interior of Sarawak, he said. — Bernama Malaysia’s Air Pollutant Index data not up to par, says MP for Kelana Jaya PETALING JAYA: Putrajaya should start publishing Air Pollutant Index (API) data which measures finer particulate matter, said a federal lawmaker, noting that discrepancies between the smoggy conditions and the current API readings were due to Malaysia still measuring larger particles at 10 microns or PM10. Kelana Jaya Member of Parliament (MP) Wong Chen said Malaysia should use measurements that can capture particulates of PM2.5 as done in most countries, including Singapore and Indonesia. He said the PM2.5 data was even available in Department of Environment (DoE) stations here but the failure to use it resulted in overall and substantially lower measurements in Malaysia, creating a more positive and “illusionary picture” of the nation’s air quality. Wong, a PKR leader, said the government had failed to take into account the greater health dangers posed by the smaller air particles of PM2.5, which may lodge in the lungs and enter the bloodstream. “I therefore urge the Barisan Nasional government to start publishing PM2.5 data in accordance with regular standards of many countries. “These PM2.5 data are currently available in DoE stations in Putra- jaya, Banting, Cheras, Langkawi and Kuching, and must be released on an hourly basis starting from now,” he said in a statement yesterday. Wong also urged the Pakatan Harapan state governments of Penang and Selangor to immediately set up PM2.5 measurement facilities as an alternative to the DoE and produce hourly reports. “I am not advocating a public health scare. But the basic principle here is that the public must first be fully informed on the air quality, so that they can then choose to mitigate their own risks when pursuing activities outdoors. “The act of whitewashing the haze will not with any certainty, improve economic or tourist numbers but it will, with certainty, exact heavy healthcare and human costs on the uninformed public,” he added. — The Malaysian Insider 17 M O N DAY S E P T E MB E R 28 , 2015 • T HEED G E FINA NCIA L DAILY HOME MY EXHIBITION + AWARDS CONCOURSE AREA GROUND FLOOR BANGSAR VILLAGE 2 KUALA LUMPUR ORGANISED BY IN ASSOCIATION WITH AWARDS PRESENTATION 3 OCTOBER 2015 (SATURDAY) EXHIBITION 3 OCTOBER - 18 OCTOBER 2015 PRIZE SPONSORS EVENT PARTNER VENUE SPONSOR 18 H O M E M ON DAY SEP TEM B ER 28, 2 0 1 5 • TH EEDGE F I N AN C I AL DAI LY Seven to be charged with Morais’ murder today Suspects, including a military doctor, face death penalty if convicted KUALA LUMPUR: Seven men, including a military doctor, will be charged today with the murder of Anthony Kevin Morais, the deputy public prosecutor (DPP) whose body was found in an oil drum filled with cement on Malaysia Day in Subang Jaya, Selangor. Five of them will be charged with murder under Section 302 of the Penal Code, while two others, including the military doctor, will be charged with abetting the murder which falls under Section 109 of the Penal Code, sources told The Malaysian Insider. All seven suspects face the death penalty if convicted. Police earlier said Morais was the DPP in the case in which the military doctor, a colonel in his 50s attached to the pathology lab in the Tuanku Mizan Military Hospital, was charged with unlawful trade in December 2013. In September last year, the doctor, who was on a RM100,000 bail, claimed trial to two bribery charges involving RM700,000 for allegedly recommending three companies to supply medicine and disposable medical tools to the hospital. The seven will be charged in the Magistrate’s Court at the Jalan Duta court complex today, even as Morais’remains are still left unclaimed at the Kuala Lumpur Hospital mortuary. Morais’ brothers — Charles, David and Datuk Richard — are believed to be unhappy with the Colleagues in the legal fraternity have described Morais as a brilliant prosecutor, approachable, humble, a mentor, teacher and patriot. The Malaysian Insider photo uncertainty over the cause of death, and decided not to claim the remains pending the complete post-mortem report. A memorial mass was held at the St Joseph’s Church in Sentul on Saturday, after the family held a three-day wake at the Nirvana Memorial centre in Kuala Lumpur. The funeral mass will be held at the Church of the Divine Mercy in Shah Alam on Oct 3. Morais went missing on Sept 4 after he was abducted by several men following a fender bender along Jalan Dutamas during the morning rush hour traffic. He was grabbed by the suspects after he came out of his car to inspect the damage. Richard lodged a missing person’s report the following day at the Jinjang police station after it was discovered his brother had not reported for work and calls to his two mobile phones went unanswered. Police then found a burnt-out Proton Perdana, with its chasis and engine numbers erased, in a plantation in Hutan Melintang, Perak. Morais was last seen driving a government-issued Proton Perdana. A day later, Attorney-General Tan Sri Mohamed Apandi Ali issued a statement that Morais was not part of the government task force which had earlier investigated government-owned 1Malaysia Development Bhd over its debt controversies. Apandi was addressing speculations on social media about the possible links between Morais’ disappearance and the high-profile probe into the state investment vehicle. According to the Malaysian Anti-Corruption Commission (MACC), Morais served as a DPP in the MACC’s legal and prosecution division for 10 years until he returned to the Attorney-General’s Chambers in July last year. Inspector-General of Police Tan Sri Khalid Abu Bakar was the first to disclose several days later that police suspected foul play in Morais’ disappearance, adding that the case was reclassified as abduction. Twelve days after his abduction, police were led to a swamp in Taman Subang Mewah in USJ 1, Subang Jaya, where they found Morais’ body in a cement-filled steel drum. It was also reported that police made several arrests in the Klang Valley, Penang and Kedah in their investigations. Hundreds of people attended his wake in the last three days, and colleagues in the legal fraternity have described Morais as a brilliant prosecutor, approachable, humble, a mentor, teacher and patriot. — The Malaysian Insider Chinese envoy to be summoned today KUALA LUMPUR: The Foreign Ministry has confirmed that it will summon Chinese ambassador to Malaysia, Huang Huikang, to seek a clarification on the statement he made during a visit to Petaling Street, here last Friday, Bernama reported. The meeting at Wisma Putra in Putrajaya will be held today, it said in a statement. “During the visit, he was interviewed by the media and subsequent media statements resulting from that interview have attracted attention and caused concern to the Malaysian public. “The ministry hopes this meeting will help clear the matter,” the statement said. In a reaction to the government’s move, the Federation of Chinese Associations Malaysia (Hua Zong) said Putrajaya should withdraw its summons, The Malaysian Insider reported. Hua Zong president Tan Sri Pheng Yin Huah said Huang’s visit to the tourist stretch popularly known as Chinatown was to show- case that the area was safe, since it was one of the places visited by Chinese tourists. “The government should not call the ambassador for an explanation. “We urge the prime minister to be concerned over this and order the Foreign Affairs Ministry to cancel its move to call the ambassador for an explanation,” he said in a statement. Hua Zong is the umbrella body of Chinese guilds and associations in Malaysia. Former MCA vice-president Gan Ping Sieu said Huang’s visit, though well-meaning, was counter-productive, unnecessary and could be manipulated to the detriment of the country’s frayed racial harmony. In a statement sighted by The Malaysian Insider, the Chinese embassy said its ambassador’s visit to Petaling Street was an act of goodwill and the envoy had no intention of interfering in Malaysia’s domestic affairs. The embassy said Huang’s visit was in conjunction with the mid-autumn festival which was celebrated yesterday, and he gave out mooncakes to the traders and visitors at the tourist and shopping hotspot, popularly known as Chinatown. The embassy said he also made similar visits during major festivities in Malaysia, including the Chinese New Year, Hari Raya and Deepavali. The statement stated that Petaling Street was one of the major attractions visited by Chinese nationals during their holidays in Malaysia and Huang’s visit was to showcase that the popular stretch was safe and attractive to visit. “Dr Huang was asked some questions from the media but he only expressed hopes that Malaysia stay united, prosperous and harmonious,” the statement said. In its reaction to the incident, Umno Youth has slammed the Chinese ambassador for interfering in Malaysia’s affairs. In a statement on Facebook yesterday, Umno Youth’s international affairs bureau chairman Datuk Mohamed Hazali Abu Hassan said the wing took exception to Huang’s statement that China would not remain idle should racial tensions erupt here. The Chinese envoy had reportedly said Beijing was opposed to terrorism, extremism and any form of discrimination based on race. Mohamed Hazali said Huang’s visit was sensitive given the controversy surrounding Petaling Street at this time, adding that the statements the envoy made there raised eyebrows and could have a negative impact on a potentially volatile issue. “We duly note his statements but according to the norms and protocols of international relations, no foreign power has the right to interfere in the internal affairs of other countries. “Malaysia has allowed space for freedom of speech and peaceful rallies and would not seek to silence any party from voicing their opinions, even ones from those who are not in agreement with the current government,” he added. — Bernama/The Malaysian Insider ‘Red shirt leader smeared party image’ BY MD IZ WA N KUALA LUMPUR: Not all Umno members agree with their party comrade Datuk Jamal Yunos and his “red shirt” rally. Some grassroots members feel the Sungai Besar Umno division chief has been opportunistic with his provocations against Petaling Street vendors, and this has smeared Umno’s image. A few of them slammed Jamal’s actions, calling them selfish and aimed at gaining political mileage. “Jamal is using sensational issues for his political mileage,” said Mohamad Faizal Abdul Raub of Umno’s Keliang, Hulu Selangor branch. Mohamad Faizal said this was not the first time the Sungai Besar Umno division chief “tried to be a hero” as he had criticised Tan Sri Muhyiddin Yassin and urged him to step down from his position as Umno deputy president. “In the Tan Sri Muhyiddin case, he acted as a hero. And now for the ‘red shirt’ rally issue as well,” Mohamad Faizal said. — The Malaysian Insider Overseas students at the National Taiwan Normal University Linkou campus. 100,000 overseas students targeted TAIPEI: Overseas students at the National Taiwan Normal University Linkou campus celebrated at their recent graduation. Taiwanese President Ma Ying-jeou said that efforts to attract students from overseas to study in the republic have proved successful. He estimated that the number of overseas students in Taiwan will top 100,000 next year, its Central News Agency reported. While visiting the campus — also known as the division of preparatory programme for overseas students, Ma said attracting students from overseas has been one of the most successful of the government’s educational policies over the past six decades. Ma said that when he first came to office in 2008, the number of students from overseas was less than 30,000. He noted that Taiwan signed an agreement with Malaysia four years ago to mutually recognise diplomas bestowed by schools in each country. — CNA COMMENT 19 M ON DAY S E P T E MB E R 28 , 2015 • T HEED G E FINA NCIA L DAILY Yellen’s flip-flop isn’t guidance Efforts to direct expectations have become discredited BY MA RK GI L B ERT I n the middle of last year, when quizzing Bank of England Governor Mark Carney about when interest rates might rise, Labour Member of Parliament Pat McFadden accused him of “behaving a bit like an unreliable boyfriend; one day hot, one day cold. And the people on the other side of the message are left not really knowing where they stand.” The jarring combination of the recent Federal Reserve decision to keep rates unchanged and last Thursday’s speech on what happens next makes Janet Yellen his equivalent as an unreliable girlfriend. Yellen told the Fed’s post-meeting press conference that “in light of the heightened uncertainties abroad and a slightly softer expected path for inflation, the committee judged it appropriate to wait for more evidence.” propriate to raise the target range In a speech last Thursday, she for the federal funds rate sometime said “most of my colleagues and I later this year.” anticipate that it will likely be apWhile Yellen and her peers have come a long way since the days when setting policy was a deliberate exercise in opacity, they are guilty of flip-flopping so often that their efforts to direct expectations have become discredited. To be fair, the current economic backdrop to monetary policymaking is even more opaque than usual with China in a funk, emerging markets looking vulnerable, the outlook for faster inflation non-existent at the same time as the US labour market appears to be in rude health. Nevertheless, the forward guidance policy adopted in recent years by many central banks is in tatters, and is probably doing more harm than good in telling companies and consumers when borrowing costs are likely to rise and at how fast. Yellen’s flip-flop probably means a wave of Wall Street revisions to their Fed forecasts this week. Citigroup Inc economist William Lee, for example, last week shifted his lift-off call to spring 2016; in June, he had placed his bet on September, after previously anticipating a December move. “It all seems a very long way from the simple certainties of the era of forward guidance based on one domestic variable, the US unemployment rate,” Lucy O’Carroll, the chief economist at Aberdeen Asset Management, wrote this week even before Yellen’s speech further muddied the waters. “No wonder markets — and economists — seem a little confused.” Economists polled by Bloomberg are predicting a continuous path of interest rate increases, with one quarter-point move per quarter between now and the end of next year. The deadly combination of the capricious central bank communications and an economic outlook that looks like it could turn on a dime and slide into recession, though, makes trying to predict the future even harder than usual. So do not be surprised if, in the coming quarters, the chart above bears no relation with the reality of what happens to the US Fed funds rate. — Bloomberg View Mark Gilbert is a Bloomberg View columnist. Indonesia prays for Islamic banking boom plans to educate the public about syariah lenders and the establishINDONESIAN teacher Nina Rama- ment of an Islamic finance comdhaniah hopes for “blessings from mittee to better manage the sector. Allah” by opening a syariah bank account — the sort of pious cus- ‘Interest is haram’ tomer the world’s most populous Key features of syariah banking Muslim-majority country is pray- include the prohibition of ing for as it launches an Islamic interest on loans or customer finance drive. deposits, and a ban on investing Indonesia, Southeast Asia’s big- in “non-Islamic” businesses, gest economy, has a Muslim pop- such as those involving pork or ulation of around 225 million but alcohol. this huge number of faithful has For teacher Nina, who has an not translated into success for sya- account with Indonesia’s biggest riah banks, institutions required Islamic lender, PT Bank Syariah to do business in line with Islamic Mandiri, the ban on interest is a principles. key attraction. Now regulators have launched “Charging interest is haram a plan aimed at growing the sector, (against Islam), ill-gotten gains that which currently accounts for less will not bring me any blessings from than 5% of banking assets, com- Allah,” the 44-year-old said. “I don’t pared to a quarter in neighbouring, want to live in sin.” more developed Muslim-majority Syariah accounts often work on Malaysia and around half in Saudi a “profit-and-loss sharing” model, Arabia. meaning customers get a windfall Authorities believe it is a good when the bank does well but can moment, with many Indonesians lose out when it does badly. getting wealthier after years of There are obvious disadvantagstrong economic growth and an in- es. Syariah lenders generally offer creasing trend towards piety across lower returns on investments and broad sections of society. their modest size often means they Many of those without bank ac- provide fewer services than larger, counts, estimated at about 40% of conventional peers — many shops the population, are soon expected are not equipped to accept their to open one. debit cards. “The situation is an opportunity Nevertheless, Islamic banks have for the Islamic banking business proven popular in recent years, with to get bigger,” said Nasirwan Ilyas, the sector expanding on average a senior official from the Islamic more than 40% a year between 2008 banking division of the Financial and 2012, according to the OJK. Services Authority (OJK). The growth came after laws were The OJK is spearheading the changed to make it easier to estabdrive, and unveiled a five-year road lish an Islamic bank, and there are map earlier this year that included now a plethora of stand-alone syaBY SA M REEVES Filepic of a Teller in an Islamic bank in Indonesia. The government has announced plans to merge the Islamic banking subsidiaries of four state-owned banks to create an Islamic mega bank. riah lenders, Islamic banking units attached to conventional banks, and smaller Islamic financial institutions in the countryside. Growth in the sector has lost steam due to a broader slowdown in the economy, which is expanding at six-year lows — giving authorities another reason to launch their drive. Islamic mega bank Central to the overhaul is a plan to set up a National Islamic Finance Committee this year, to oversee the sector by bringing together representatives from different government agencies and act as a contact point for potential foreign investors. Currently, responsibility for the sector is spread around different bodies, such as the OJK, the central bank and the finance ministry, according to the OJK’s Nasirwan. It is modelled after similar bodies in other countries, such as the International Islamic Financial Centre in Malaysia, where the sector is already far more developed as the government started supporting it some years ago. In addition to the OJK road map, the government has announced plans to merge the Islamic banking subsidiaries of four state-owned banks to create an Islamic mega bank, which should be able to provide better services than the current Islamic lenders. While observers have broadly welcomed the plans, they concede that many difficulties remain. Khalid Howladar, Moody’s global head of Islamic finance, said it would be “quite a challenge” to grow the sector to a substantial level. “The market is growing faster than conventional but from a very low base,” he said, adding Islamic banks in Indonesia did not offer “substantive competition” to their non-syariah peers. But for Nina and a growing army of devout Indonesians with newfound spending power, Islamic banks remain the only choice. “I really don’t care that I’m not earning anything or getting lower returns on my investments,” she said. “I can live in peace.” — AFP 20 FO CU S M ON DAY SEP TEM B ER 28, 2 0 1 5 • TH EEDGE F I N AN C I AL DAI LY MO 01 Harley’s Street 750, the closest to a cafe racer Big in Asia, it’s Harley-Davidson’s bid for urban riders and women BY HA NN A H EL L IOTT H ere’s a twist: Harley-Davidson’s most dynamic markets today are outside of the nation that conceived, birthed and reared its dominance. Last year, 36.2% of the brand’s motorcycles sold abroad, primarily in Asia, up 4% over 2013, according to data from IHS Polk. One bike in particular has seen impressive growth in the East, with year-on-year sales up by double digits worldwide. The Harley-Davidson Street 750 has the best sales and highest growth rate in Asia of any Harley model ever. The 2016 Street 750 belongs to the first, and currently only, Harley model family to be made outside the United States — manufacturing of the Street series of 500 and 750 engines is split between the American Midwest and India, depending on the destination country. The dual locations make for significantly quicker delivery times in Asia and the Pacific. It also helps that, according to Harley, the 02 Street 750 was concocted with the express purpose of appealing to “international urban” buyers in love with Americana. 01. The 2016 Street 750 costs US$7,549 (RM33,216) at base price. Photos by Bloomberg “We made a concerted effort five or six 02. The rear of the bike has a single upturned exhaust pipe off the 749cc engine. years to begin to reach these buyers,” Jennifer Hoyer, a Harley-Davidson spokesman, told me. “Urban environments require something more agile than what you need for the open they debuted last year, the pair were Har- ard Harley size range, but its 57.6hp deroad — you need to be nimble and have good ley’s first all-new models in 13 years and livery is as constant as you would expect torque to get around traffic.” its first lightweight motorcycles since the from such a vaunted brand. Its six-speed Sprint in the 1970s. box supports the system well; gear it right Liquid power Harley’s Street 750 comes with a liq- and you will hit 60mph (96.56kph) in 4.6 I am urban — New York City qualifies, no? uid-cooled 749cc V-Twin engine that is smooth seconds. I fall in the “young” age category for defin- similar in architecture and timbre to the Pushing through side streets in Manhating motorcycle buyers. And I am a woman. one found in the popular V-Rod series. The tan’s Chinatown at night, the Street 750 felt All of which is most convenient: It lands liquid-cooling part is important — it’s more casual and relaxed, with a willing throttle me squarely in the target demographic for comfortable than air-cooling for riding in but no aggression to its rounded running American Street 750 buyers. And after rid- stop-and-start traffic (it doesn’t get as searing demeanour. (Looking for edge? Look elseing the US$11,299 (RM49,716) Indian Scout hot along the pipes), and it has a stronger where.) It is nimble and quick enough off the earlier this summer, I was curious to see how torque thrust from the get-go. It’s just the line for daily city driving. Winding through this US$7,549 bike would compare. sort of thing you want for surging past those Brooklyn past delivery trucks and around The Street 750 is the larger engine version popped-collar bros idling in BMW 3-Series cavernous potholes felt more like a game of the two Street models Harley offers, the sedans across the traffic lane. than a challenge. But the brakes can feel US$6,849 Street 500 being the other. When The Street 750 does not fall in the stand- spongy compared to more aggressive bikes — ed to t im new fres aw rou The sim hig wh kee and Ne In f mo zyslig it’s dia kne cru ley tha at 5 cau ing aro Bu and Thi kno has any of t wh FO CU S 21 M O N DAY S E PT E MB E R 28 , 2015 • T HEED G E FINA NCIA L DAILY 03 04 05 06 01 — anything from Ducati, say. It’s an expected difference, and something appropriate to the mild demeanour of this bike, but it’s important to note. As it happens, those brakes are brand new for the 2016 model, as are the rotors, a freshly ergonomic rear brake pedal position, a wider clutch lever, improved wire harness routing and the hot coolant indicator light. The updates serve to make the Street 750 simple and fun to use in the city and on light highway riding. While the Scout feels better when cruising, this is something you could keep and ride all the time, if you wanted, and be happy about it. 02 deect eed ght 4.6 atfelt ttle ing sethe ugh nd me eel kes New riders, same family In fact, buy something else entirely if you’re mostly expecting to cruise. This is not a long-legged, lean-back, lazy-boy ride. Although to my mind it feels slightly heavier, at 489 pounds (221.81kg) it’s actually 69 pounds lighter than the Indian Scout, with foot pedals that place your knees up nearer to the gas tank than bigger cruisers. (If you are comparing it on the Harley line, the Street 750 is 73 pounds lighter than the better-looking Iron 883, which falls at 562 pounds.) I liked that novel feel of the foot pegs because it made for better heads-up positioning and easier egress as I jumped on and off around town during the course of the day. But don’t expect the standard Harley stretchand-slump posture on the slim Street 750. This is not a highway king. Or queen. You might be interested to know that for the past seven years, Harley has sold more motorcycles to women than any other brand. Last year, it owned 64% of the entire women’s motorcycle market, which has continued to increase incremen- tally for years, according to data from the Motorcycle Industry Council. Harley sees that space as another sales opportunity, and the Street 750 is the ticket to accessing growth there, too. So, it has mid-mount controls that sit slightly forward of the narrow chassis, and a seat that is only 25.4 inches (64.52cm) off the ground. That makes it more accessible to shorter riders, for example, women. (Some would say that seat is too soft for long-term rides; I would say it’s just fine for the purpose of this bike, which is to excel on short- and mid-length day trips.) So far, so good; seven out of every 10 Americans who buy a Street are buying a Harley for the first time, according to IHS Polk. Classic Harley style I do not care for the Street 750’s overall styling, though it is arguably the most relevant of the brand’s repertoire to younger buyers. Compared to bikes like the Yamaha Star Bolt, Royal Enfield Continental and Triumph Continental, the Street 750’s high handlebars, swooped fat seat and weird headlamp cover don’t look dynamic enough to capture the imagination of design-focused riders. In the same vein, like it or not — I know a lot of you won’t, but, hey, sometimes the truth hurts — the brand’s reputation for oversized, loud motorcycles and oversized, obnoxious riders still works against it for attracting anyone who wants to feel Steve McQueen-cool on a motorcycle. Those cafe racer acolytes will default to Ducati’s Scrambler or even a possible upcoming BMW Scrambler when they want something new to ride. That said, particular components of the Street 750 are great, like the single 3.5-inch dial at the centre of the handlebars. It pulls its weight working single-handedly as an 03. The Street series is the only in the Harley family that is made in North America and in India. 04. The 2016 Street 750 is the larger of the two models in the Street series. 05. The Street 750 has a single gauge at the centre of the handlebars that manages speed, fuel and maintenance. 06. The Street 750 is Harley’s most popular motorcycle in Asia. 07. The Street 750 has teardrop-shaped front and rear indicators that match the shape of its gas tank. 07 odometer, tripmeter, and LED indicator for lights, oil pressure, turn signals, engine diagnostics and fuel, among other things. Happily, you will find enough black on the standard Street 750 to satisfy even the most devoted emo — goth teen — or Manhattanite adult. There are blacked-out fork gators with skinny black seven-spoke cast aluminium wheels, 17 inches in the front and 15 inches in the rear. The single exhaust, blacked-out fins, mini-bullet turn signals and black speed screen make the bike look closer to a cafe racer than any other modern Harley. And a blackened engine is always lovely to look at: Carefully tucked and contained under that teardrop tank, it is the heart, guts and muscle of the bike wrapped in one. Oh, and I know you have been waiting — the sound. The Street 750 growls low and guttural, like a grizzly reassuring her cubs. The tone may not quite warm the heart (via the ears) of riders inclined to Italian engineering or British aesthetics. But it will beckon like a siren for those who, whether here or abroad, want to join the Harley family. If you are so inclined, this one’s for you. — Bloomberg 22 F E AT U R E M ON DAY SEP TEM B ER 28, 2 0 1 5 • TH EEDGE F I N AN C I AL DAI LY Behavioural economics useful Even though people in business have understood it for decades and maybe even centuries BY JU ST I N FOX I n Germany, about 12% of people consent to be organ donors; in Austria it’s 99.9%. This huge gap is the product not of “different cultures, different norms, or extraordinarily effective educational campaigns in Austria”, legal scholar Cass Sunstein wrote in a recent paper, but of a simple legal nudge. “In Austria, consent is presumed, subject to opt out. In Germany, consent is not presumed, and people have to opt in.” This is an example of the remarkable power of defaults, one of the big discoveries of the behavioural economics movement. But when Sunstein, one of my fellow columnists at Bloomberg View and a leading proponent of the “nudge” approach to public policy, presented the paper at Harvard in November 2012, economist Larry Summers questioned whether it was a discovery at all. Summers told a story about a college acquaintance who as a cruel prank signed up another classmate for 60 different subscriptions of the book-of-the-month-club ilk. The way these clubs worked was that once you signed up, you got a book in the mail every month and were charged for it unless you (a) sent the book back within a certain period of time or (b) went through the hassle of extricating yourself from the club altogether. Customers had to opt out in order to not keep buying books, so they bought more books than they otherwise would have. Book marketers, Summers said, had figured out the power of defaults long before economists had. On Sept 18, I went to a Brookings Institution conference on the public policy lessons of behavioural economics. There were gee-whiz research findings and proposals from the likes of Stanford’s Raj Chetty, Harvard’s David Laibson and Massachusetts Institute of Technology’s Antoinette Schoar, plus an account of how the lessons of behavioural economics were beginning to be put to Budweiser can swallow SABMiller without busting a gut BY ROB ERT COL E Molson Coors, will go. That could fetch around US$12 billion based on the valuations of similar traded companies. Elsewhere, there is overlap in China and potential conflicts of interest in the two sides’ Pepsi and Coca-Cola bottling operations. There might be issues in Turkey too. Say the merged company ultimately has to make US$20 billion of disposals. It would be left with net debt around twice that carried by AB InBev at present — close to US$95 billion. Is that sustainable? Well, the group would lose some of SAB’s current earnings before interest, taxes, depreciation and amortisation (Ebitda) as a result of the disposals. But it should be left with US$5 billion of additional Ebitda, taking 2014’s total and deducting the contribution from the United States, and, conservatively, the same again to cover lost profit in Asia and elsewhere. The annual total would be around US$24 billion. Paying down debt will require synergies. If AB InBev manages to elevate SAB’s margins to its own run rate, annual Ebitda would rise by at least US$1 billion. But even without that, a deal along these lines would leave the new mega-brewer with a net debt to Ebitda ratio approaching four times. That is a hurdle AB InBev looks capable of jumping. — Reuters ANHEUSERBUSCH InBev (AB InBev) should be able to swallow a deal with SABMiller (SAB) without busting a gut. Even at a huge-sounding US$110 billion (RM484 billion), the Belgo-American brewer could take on its Anglo-South African rival by paying partly with equity and making disposals that ease the burden further. Start with that theoretical headline value. AB InBev has so far only made an informal approach to SAB, but assume it must pay a 35% premium to the target’s share price on Sept 15, the day before the deal was mooted, to get a hearing, add SAB’s existing net debt of around US$10 billion, the total enterprise value of around US$110 billion would be roughly half of Budweiser brewer AB InBev’s own. The cash requirement will be cut if existing SAB shareholders choose to take stock. Altria and the Colombian Santo Domingo family together speak for around 40% of SAB shares. Others might prefer equity too, to avoid tax liabilities for example. If half of the equity portion of the deal is paid for in stock, that leaves US$50 billion to be raised in debt. The burden will fall further because AB InBev will be obliged to sell some assets to satisfy competition authorities. It’s a racing certainty that SAB’s 58% holding in MillerCoors, Robet Cole is assitant editor of Reua venture with Canadian brewer ters Breakingviews based in London. use in government by the Social and Behavioral Sciences Team created by the White House in 2014. But that same Summers critique — haven’t business people known these things forever? — came up a few times too. Maya Shankar, the young neuroscientist who leads the Social and Behavioral Sciences Team, described how the rewording of a Department of Defense email to service personnel by one of her team members had markedly increased re-enrolment rates (from 23.5% to 28.7% in the first week after the emails were sent in January) for the government’s Roth Thrift Savings Plan. Somebody in the audience then mused that anybody with experience in advertising and marketing could have improved on the Department of Defense’s email; did it really take a behavioural scientist? Shankar responded that academic behavioural research “gives us the most well-rounded recommendations”. Her colleague William Congdon, an economist, added that ad agencies surely possessed valuable knowledge about human behaviour, but “it is unfortunately largely private knowledge”. Just bringing insights about human behaviour into government, even if they’re not new insights from the perspective of private industry, is progress. This is especially important because government policymakers have long listened to (if not necessarily followed) the advice of economists, and until recently the consensus among economists was that people generally made decisions rationally. Behavioural economics has changed that. “The rational economic model was dominant in policy circles as recently as 1995,” said Laibson, who is chairman of the economics department at Harvard. “It’s not anymore.” But it’s still an interesting question: Have behavioural economists really discovered anything new, or have they simply replaced some wrong-headed notions of postWorld War II economics with insights that people in business have understood for decades and maybe even centuries? Laibson said he had tried to learn from advertisers and marketers, but was mostly been disappointed. “I’ve actually been struck by how much they depend on intuitions,” he said in response to a question from Brookings research analyst Peter Olson. “There are catalogue companies that do lots of A/B testing, but it’s sort of lowbrow A/B testing. It’s not conceptual like loss aversion.” So this is what behavioural economists do. They come up with theories for why people act in certain strange ways, they test those theories with experiments or against economic data, then publish the results so that the rest of us can learn from them. That actually seems pretty useful, even if the people at the book-of-themonth Club have known about this stuff all along. — Bloomberg Justin Fox is a columnist writing about business for Bloomberg. Refugee crisis crucial to Europe recovery — Siemens BY M ARTI N S O O NG & NYS HK A C HANDRAN FIXING Europe’s migrant crisis is crucial to the region’s exit from a multi-year economic downturn, according to one of the continent’s largest companies. “I think currently the single biggest issue Europe has is not so much about inflow of investment ... What we have today is a massive inflow of refugees,” said Joe Kaeser, chief executive officer (CEO) of German engineering giant Siemens. “If Europe masters the refugee challenge, they will also master their economic destiny going forward.” Speaking to CNBC at the Singapore Summit, an annual conference of over 400 business leaders, Kaeser’s timely remarks came ahead of an emergency meeting last week where European leaders were to debate how to respond to what was being called the continent’s worst refugee crisis since World War II. Kaeser’s comments also stood in contrast to other business leaders such as UBS chairman Axel Weber who told CNBC at the Summit that increased inward investment and structural reforms were essential factors for a European economic recovery. “Governments have only sluggishly and reluctantly entered into reform agendas and I think that’s the major reason why European dynamics are subdued and that’s why price pressures don’t build, because the economy just doesn’t enter into an escape velocity mode,” Weber said. While Europe has long been a popular destination for migrants from conflict-ridden regions in the Middle East and Africa, the sheer Migrants waiting for buses near the Austrian-Hungarian border in Nickelsdorf, Austria, last Monday. The day before, media reported that nearly 11,000 migrants walked into Austria from Hungary. Photo by Reuters influx of migrants. The economic powerhouse is widely expected to receive the highest number of asylum seekers in the European Union. For now, it remains to be seen how governments will resolve the issue, according to Kaeser, “We’ll see how it goes, I think the jury is still out on this one.” Overall, the CEO believes Europe is still in the process of recovering from the sovereign debt crisis. “We’re reasonably satisfied with what we see in Europe,” he said, adding that a cheaper euro helped export-oriented sectors such as manufacturing. The common currency is nearly 7% lower year to date after skidding to 12-year lows earlier this year, largely driven by expectations of further monetary stimulus from the European Central Bank. — CNBC volume of recent arrivals has left several countries unable to cope. Croatia was packing off newly arrived migrants on buses and trains to Hungary, which over a weekend installed a steel gate at the Croatian border in order to prevent further entrants. Last Sunday, media reported that nearly 11,000 migrants walked into Austria from Hungary. The current crisis puts the continent through a massive test of how integrated it really is, added Kaeser, whose home country of Germany implemented temporary border controls a fortnight ago to stem the For more, visit www.cnbc.com H O M E B U S I N E S S 23 M ON DAY S E P T E MB E R 28 , 2015 • T HEED G E FINA NCIA L DAILY WEEK IN FOCUS Photos by Suhaimi Yusuf, Shahrin Yahya & Sam Fong 1 Models displaying the new Huawei Honor 7 smartphone at its official launch for the Malaysian market in Kuala Lumpur on Sept 21. The phone was available for pre-orders from Sept 22 to 27. 2 Reliance Pacific Bhd chief executive officer Datin Irene Gan (left) and executive director See Ah Sing at the company’s annual general meeting in Kuala Lumpur on Sept 23. 3 TRUE DEBIT AND CREDIT ... (From left) AmBank (M) Bhd acting head of retail banking Anthony Chin, AMMB Holdings Bhd (AmBank Group) chairman Tan Sri Azman Hashim and acting group managing director Datuk Mohamed Azmi Mahmood at the launch of AmBank’s new True debit MasterCard and Visa credit cards in Kuala Lumpur on Sept 25. Asian Pac Holdings Bhd managing director Datuk Mustapha Buang (right) and executive director and chief executive officer Raymond Yu at a press conference after the company’s annual general meeting in Kuala Lumpur on Sept 21. 4 (From left) Omesti Bhd chief financial officer Richard Voon, executive director Mah Xian-Zhen, executive chairman Tan Sri Megat Najmuddin Megat Khas and executive director Monteiro Gerard Clair at the company’s annual general meeting in Kuala Lumpur on Sept 23. 5 Malaysian winners of the Cannes Lions 2015 Awards at the recent Creative All-Stars 1 4 2 3 5 6 7 2015 Conference in Kuala Lumpur on Sept 14. 6 CIMB Bank Bhd and Petroliam Nasional Bhd’s (Petronas) domestic retail arm Petronas Dagangan Bhd commemorating their seventh year partnership with the relaunch of CIMB Petronas MasterCard in Kuala Lumpur on Sept 24. Seen here are CIMB Group Holdings Bhd chief executive officer Tengku Datuk Zafrul Tengku Abdul Aziz (second from left) and Petronas Dagangan CEO and managing director Mohd Ibrahimnuddin Mohd Yunus (third from left). 7 Kenanga Deutsche Futures Sdn Bhd was recently named Emerging Market Broker of the Year for 2015 at the Futures & Options (FOW) Awards for Asia 2015 in Singapore on Sept 23. Bursa Malaysia Derivatives Bhd also received an award as the Emerging Exchange of The Year at the same awards. (From left) Publisher of FOW William Mitting, Bursa Malaysia Derivatives chief executive officer (CEO) Chong Kim Seng, Kenanga Deutsche Futures CEO and head of listed derivatives Azila Abdul Aziz and Bursa Malaysia Derivatives head of marketing and events Wan Intan Wan Suffian. 24 W O R L D B U S I N E S S M ON DAY SEP TEM B ER 28, 2 0 1 5 • TH EEDGE F I N AN C I AL DAI LY New Volkswagen boss to drag firm out of scandal As US, Switzerland halts sale of the group’s new diesel cars BY DA MI EN STROKA BERLIN: Volkswagen’s new boss began trying to pull the embattled carmaker out of the wreckage of a pollution test rigging scandal on Saturday, as the United States and Switzerland halted the sale of the group’s new diesel cars. The 62-year-old former Porsche chief Matthias Mueller was tapped last Friday to replace Martin Winterkorn, who resigned over stunning revelations by US environmental authorities that the German carmaker had fitted some of its diesel cars with software capable of cheating environmental tests. “Europe’s most important automobile group faces a new beginning” while “the scandal is growing bigger and bigger,” German FAZ daily wrote on Saturday. The scale of Volkswagen’s deception became clear when the company admitted that 11 million of its diesel cars are equipped with so-called defeat devices that covertly turn off pollution controls when the car is being driven normally — and back on when tests are being conducted. The scam could lead to fines worth more than US$18 billion (RM79.2 billion), while the German giant has already seen billions of Pound’s outlook seen brightening BY ANOOJA DEBNATH LONDON: The pound may arrest its slide against the euro because the Bank of England (BoE) will increase interest rates much sooner than markets are predicting, according to BNP Paribas SA. Sterling has weakened 1% against Europe’s single currency this month, extending the 3.8% drop in August that was its biggest slump in 2½ years. That’s set to change now Federal Reserve chair Janet Yellen has confirmed the United States is still on course to raise interest rates this year, said BNP Paribas analysts including global head of foreign-exchange strategy Steven Saywell. Yellen’s comments last Thursday reinvigorated speculation the BoE will follow suit with tighter policy and that the European Central Bank (ECB) may expand quantitative easing. “Market pricing for the Bank of England looks excessively dovish,” the analysts wrote in a note to clients last Friday. “We expect the ECB to respond to a stronger euro with more easing, and see scope for euro-sterling to move lower.” — Bloomberg euros wiped off its stock last week. Mueller has pledged an “unsparing investigation and maximum transparency” in his bid to restore confidence in the Volkswagen Group. For now however, the crisis shows no sign of abating with the US environmental regulator refusing to authorise the sale of Volkswa- gen’s new diesel models. Volkswagen introduced its new 2016 Passat — which includes a diesel version — in New York last Monday just as the scandal over cheating on pollution controls broke. Switzerland also temporarily suspended the sale of new Volkswagen diesel-engine models last Fri- day, potentially affecting some 180,000 vehicles on Swiss roads made by Volkswagen’s Audi, Seat, Skoda and Volkswagen brands between 2009 and 2014, the Federal Roads Office said. France and Britain have announced new checks and the European Union (EU) has urged its 28 member states to investigate whether vehicles in their countries complied with pollution rules. India and Mexico have also opened fraud probes into Volkswagen cars sold there. On Saturday, EU sources told AFP that regulators began preparing tightened testing well before the current crisis broke, after researchers found a difference between emission levels recorded in the laboratory and those found in real driving conditions. Those stiffer tests designed to thwart defeat devices come into force in January. Outrage has continued to grow as the potential amplitude of the scandal broadened. “A top-to-bottom cleaning is needed. Those responsible for this scandal must be punished,” Ulrich Hocker, head of German shareholder union DSW, told press agency DPA. — AFP ‘EU tightening auto emission tests to prevent cheating’ BRUSSELS: The European Union (EU) moved to change its diesel car emission tests to prevent the sort of rigging used by German auto giant Volkswagen after noticing discrepancies in the results, EU sources said on Saturday. The sources, who asked not be identified, said research over several years showed a difference between emission levels recorded in the laboratory and those found in real-world driving conditions. “The lessons we took from that very quickly is that we needed to commence new, more reliable road driv- ing emissions testing, which should also prevent any kind of a defeat device being installed,” one source said of the moves to tighten tests that come into force in early 2016. In Europe, diesel cars are mainstream and have been marketed as more fuel-efficient and environmentally friendly than traditional petrol-engined cars. News that EU officials had noticed emission discrepancies between on-road and testing situations was first reported last Saturday by the Financial Times, which said little was done to address the issue after it was discovered in 2013. European authorities rejected that claim. Asked if the Commission knew that defeat devices existed, one of the EU sources said: “Yes, we banned them. Did we know defeat devices were being used in the EU? No.” Another source added the reinforced testing that has been in preparation since then has been developed to thwart such cheat technology. “Future legislation [will be] more efficient to prevent their use,” the source said. — AFP Dalian Wanda opens US$2.5 billion China resort HONG KONG: Dalian Wanda Group Co, controlled by Asia’s richest man Wang Jianlin, said it opened a US$2.5 billion (RM11 billion) resort in south-east China’s Yunnan province on Saturday with the target of earning 100 billion yuan (RM69.05 billion) in revenue in the next five years. The Xishuangbanna resort, span- ning 5.3sq km, includes a theme park, theatre, retail street, Wanda shopping mall and a hospital, in addition to high-end hotel chains with 1,050 rooms, the company said in an emailed statement on Saturday. Wanda aims to attract 200 million tourist visits in the next five years, according to the statement. The resort, the company’s third tourism project in China, “will be a landmark to showcase the upgraded tourism industry in Yunnan,” chairman Wang said in the statement. The company also signed a strategic cooperation agreement with Yunnan province on Saturday to invest 95 billion yuan to build 19 Wanda shopping plazas and more tourism projects, Wang said. — Bloomberg IN BRIEF Volkswagen unit Porsche said to name Oliver Blume as new chief FRANKFURT: Porsche’s production chief Oliver Blume is set to succeed Matthias Mueller as the new head of the Volkswagen AG unit that makes the 911 sports car, according to a person familiar with the matter. The appointment of Blume is to be sealed at a Porsche board meeting in the near future, said the person, who declined to be named because the talks are private. The change at Porsche is necessary after Mueller was named Volkswagen’s new chief executive officer last Friday, in a bid to help the Wolfsburg-based carmaker respond to its worst crisis after revelations of cheating on emissions tests. — Bloomberg Dubai stocks climb as markets reopen after two-day holiday DUBAI: Dubai stocks advanced amid low trading volumes as markets in the United Arab Emirates reopened after a twoday holiday. The Dubai Financial Market General Index added 0.1% to 3,635.28 at 10.31am local time. Dubai Parks & Resorts PJSC, the theme park developer, led the gain with a 2.5% increase to the highest in more than a month. Less than 10 million shares had traded in the emirate, compared with a full one-day average of more than 440 million. Abu Dhabi’s ADX General Index was little changed as 59 out of 64 shares on the index didn’t move. — Bloomberg ‘Iran to buy US$21 billion in Russian space equipment and aircraft’ MOSCOW: Iran has signed contracts worth US$21 billion (RM92.4 billion) to buy satellite equipment and aircraft from Russia, Manouchehr Manteghi, the managing director of Iran Aviation Industries Organization, said in an interview with Russian agency Sputnik on Saturday. Manteghi said the contracts had been signed at the MAKS-2015 air show in Russia last month. The contracts involved satellite-related equipment as well as the Sukhoi Superjet 100 regional passenger aircraft, Sputnik said. — Reuters The Netherlands request info on Dutch-held accounts in UBS GENEVA: The Netherlands have requested information on a large number of Swiss bank accounts held by residents of its country in connection with a tax probe, Swiss authorities confirmed on Saturday. Swiss tax authorities received a request from their Dutch counterparts in July for access to information about all accounts in Switzerland’s largest bank, UBS, held by residents in the Netherlands between February 2013 and December 2014, according to a document posted on their website. — AFP W O R L D B U S I N E S S 25 M ON DAY S E P T E MB E R 28 , 2015 • T HEED G E FINA NCIA L DAILY Roche says positive results in drug tests Filepic of Roche’s headquarters in Basel, Switzerland. Roche is banking on atezolizumab as its next blockbuster to keep pace with rivals in cancer immunotherapy development. Photo by Reuters BY JOHN MI L L ER ZURICH: Roche’s new immune-system boosting cancer drug has given positive results in tests on patients suffering from some lung and bladder cancers, according to data released yesterday at the European Cancer Congress in Vienna that the company hopes will help it win quick regulatory approval. In its Phase II trial targeting advanced or metastatic bladder cancer, Roche said its atezolizumab immunotherapy drug shrank tumours in 27% of people who expressed medium and high levels of PD-L1, a protein that appears to help cancers evade the immune system. In two separate Phase II trials targeting advanced non-small cell lung cancer, Roche said patients getting atezolizumab lived 7.7 months longer than those who got chemo- India’s Modi continues US tour with Facebook town hall BY YA SMEEN A B U TALEB SAN FRANCISCO: Indian Prime Minister Narendra Modi was scheduled not only to speak to Silicon Valley’s biggest executives during his two-day visit to the US tech hub but was to take questions from some of Facebook Inc’s 1.5 billion users at a town hall yesterday. Modi, 65, is the first Indian leader to visit the US West Coast in more than 30 years. His trip follows a similar visit by China’s president, Xi Jinping, who met several tech leaders in Seattle last week. The Indian premier continued his Silicon Valley tour yesterday with visits to Facebook and Google Inc headquarters before an event at the San Jose Convention Center that 18,000 people were expected to attend. Facebook chief executive Mark Zuckerberg announced Modi’s visit on his Facebook page earlier this month and invited users to post questions. More than 37,000 comments were made in reply, with questions ranging from those about Internet expansion in India, unemployment rates and calls for Modi to address his human rights record. Modi has been criticised for not doing enough to stop 2002 religious riots in Gujarat that killed about 1,000 people, mostly Muslims, when he was chief minister of the state. He has vehemently denied any wrongdoing. Some groups have protested against his arrival. The Sikhs for Justice group had called on its members to picket Facebook headquarters before the town hall. Modi is eager to bring bigger technology investments and jobs back to India to help its growing start-up scene. — Reuters therapy. The drug also shrank tumours in up to 27% of lung cancer sufferers whose disease had progressed with other treatments and who expressed the highest PD-L1 levels, the Swiss company said. Roche, the largest maker of cancer drugs, is banking on atezolizumab as its next blockbuster to keep pace with rivals including Merck & Co and Bristol-Myers Squibb in cancer immunotherapy development. It hopes the drug will be on the market by late-2016 and said data from these latest studies will help. “We plan to submit these results to global health authorities to bring this potential new option to people as soon as possible,” said Sandra Hornung, Roche’s chief medical officer, in a statement. Roche won ‘breakthrough therapy status’ for atezolizumab in February from the US Food and Drug Administration and is now calling it the “first new therapy for bladder cancer in 30 years.” — Reuters Junk-debt investors fight for scraps As the worst oil rout in almost 30 years drags down its victims BY ASJYLYN LO DE R NEW YORK: It’s every US shale investor for himself as the worst oil rout in almost 30 years drags down its latest victims. Investors in US$158.2 million (RM696.08 million) of Goodrich Petroleum Corp’s debt agreed to take 47 cents on the dollar in exchange for stock warrants for some note holders and a lien on Goodrich’s oil acreage, according to a company statement on Saturday. That puts them second in line if the Houston-based company liquidates its assets in bankruptcy and pushes the remaining holders of US$116.8 million in original bonds to the back of the pack. “In the industry it’s called ‘getting primed,’” said Spencer Cutter, a credit analyst with Bloomberg Intelligence. “It’s every man for himself. They’re trying to get in and get exchanged, and if you can’t you’re getting left out in the cold.” Wildcatters attracted billions of dollars during the boom after years of near-zero interest rates sent investors hunting for returns in riskier corners of the market. US high-yield debt has more than doubled since 2004 to US$1.3 trillion while the amount issued to junk-rated energy companies has grown fourfold to US$208 billion, according to Barclays plc. Most of the companies spent money faster than they made it even when oil was US$100 a barrel and are struggling to stay afloat with prices at US$45. Goodrich didn’t name the bondholders who participated in the swap. The largest holder was Franklin Resources Inc, which owned about 24% of the bonds, according to data compiled by Bloomberg. Franklin has invested in the debt of other distressed drillers, including Halcon Resources Corp, SandRidge Energy Inc and Linn Energy LLC. This was Goodrich’s second exchange this month. Three weeks ago, the company swapped US$55 million on convertible notes for bonds worth half as much. To sweeten the deal, it lowered the share price at which investors can turn their notes into stock to US$2. Investors who didn’t participate in Goodrich’s earlier exchange took another hit with Saturday’s swap because it put holders of the new bonds ahead of them in liquidation. — Bloomberg American support for China’s reserve-currency bid BY ANDREW M AY E DA WASHINGTON: The Obama administration took a step toward backing China’s bid to have the yuan recognised as a global reserve currency, as the US softened its insistence that the Chinese implement financial reforms to win support. The International Monetary Fund is reviewing whether the yuan should be included in its Special Drawing Rights, a basket of reserve currencies used by the lender as a unit of account. After US President Barack Obama and Chinese President Xi Jinping met last Friday in Washington, the two sides issued a statement saying the US supports the inclusion of the yuan “provided the currency meets the IMF’s existing criteria in its SDR review,” a point Xi highlighted in his press conference with Obama. The shift in the US position follows the administration’s failed attempt to prevent allies from joining the China-led Asian Infrastructure Investment Bank earlier this year, a strategy that was faulted by former policymakers including ex-Treasury Secretary Henry Paulson. In June, a joint statement by the two countries said the US “supports China making the reforms that would lead to the inclusion” of the yuan in the basket. Last Friday’s statement mentions US support for “China’s commitment to implement further financial and capital market reforms.” The new language clarified to the Chinese that the IMF’s assessment of whether the yuan meets the fund’s SDR criteria will be the determining factor for American support, said an administration official who asked not to be identified. Winning the IMF’s endorsement would validate efforts by Xi to push through policies aimed at making the world’s second-biggest economy more market-oriented, boosting China’s prestige as it prepares to host Group of 20 gatherings next year. — Bloomberg IN BRIEF Developer rejected S$26m offer for South Beach unit SINGAPORE: The developer of the South Beach Residences condo in the inner city turned down an offer of S$26 million for one of its penthouses last year because it wasn’t the right time to launch the project, The Straits Times reported. The firm’s spokesman told The Straits Times yesterday: “We did not want to conduct any piecemeal sale of South Beach Residences. The plan has always been to launch sales when conditions are right. Currently, the high-end property market is very quiet.” The 190-luxury apartments, which are expected to be completed in the first half of next year, are part of the mixed-use South Beach project at Beach Road. Competition watchdog seeks views on new rules SINGAPORE: The Competition Commission of Singapore (CCS) wants public feedback on proposals to change the way it enforces provisions under the Competition Act, The Straits Times reported. The proposed guidelines aim to provide greater transparency, and make it easier for businesses and consumers to understand the various competition concepts and file complaints, the CCS said in a statement yesterday. The proposed rules will also make applications for leniency clearer and more efficient, and introduce a fast-track procedure for some cases. The move to streamline and simplify certain forms will save businesses time and resources, the CCS said. Singapore firms ‘to buy China bank stake’ SINGAPORE: Singapore companies are set to be major players ahead of a planned initial public offering (IPO) by the Postal Savings Bank of China, The Straits Times reported. The Chinese bank, which has the most outlets of any lender in China, is reported to be near an agreement to sell a stake of about 15% to outside investors in a deal worth about US$6.5 billion (RM28.6 billion). The potential investors are said to include Singapore investment company Temasek Holdings, DBS Group, UBS Group, International Finance Corp and JPMorgan Chase, according to Bloomberg. The richest Americans are cutting debt rates hike NEW YORK: More wealthy Americans now say they’re reducing debt than at any time in the past decade, and the Federal Reserve may be to thank. About 15% of high-income households, those in the top third of the earnings ladder, reported debt declined in September, more than any other time since 2005, according to last Friday’s consumer-sentiment report from the University of Michigan. — Bloomberg 26 WORLD M ON DAY SEP TEM B ER 28, 2 0 1 5 • TH EEDGE F I N AN C I AL DAI LY Police shooting of man in wheelchair sparks outcry NAACP demands ‘special prosecutor’ be appointed to carry out independent probe WASHINGTON: Video purportedly showing police officers fatally shooting a black man in a wheelchair has sparked controversy in the United States. The cell phone footage of last Wednesday’s incident in Wilmington, Delaware, showed a police officer repeatedly shouting “Show me your hands!” at 28-year-old Jeremy McDole, sitting in a wheelchair on a street behind a car in broad daylight. A single gunshot was fired, after which the officer continued to yell “Show me your hands!” adding “Drop the gun!” Several other officers were then seen rushing to the scene, yell- ‘Chris Brown to be refused visa to tour Australia’ SYDNEY: US R & B singer Chris Brown is set to be blocked from touring Australia, Immigration Minister Peter Dutton said yesterday, as the government sets up its efforts to tackle domestic violence. Brown, who was convicted of assaulting his then-partner pop star Rihanna in 2009, was issued with a “notice of intention to consider refusal”, just a day before tickets to his One Hell of a Nite tour were due to go on sale. “People to whom these notices are issued have 28 days to present material as to why they should be given a visa to enter Australia,” Dutton said in a statement. “Decisions on whether a visa will or will not be issued are made after that time frame and consideration of the material presented to the Department of Immigration and Border Protection.” The decision to ban the Grammy award-winning performer was mooted by recently appointed Minister of Women Michaelia Cash last Friday as new Prime Minister Malcolm Turnbull unveiled a A$100 million (RM309.2 million) package to address violence in families. Cash, the former assistant immigration minister, also said she previously revoked the visa of a “very, very, very wealthy” boxing star, understood to be Floyd Mayweather, who has multiple convictions for assaulting women. Brown is due to perform in the Australian cities of Perth, Melbourne, Sydney and Brisbane, from Dec 9 to 16. He previously toured Australia in 2011 and 2012.— AFP ing “Hands up, hands up, put your hands up!” Gunshots were heard ringing out several seconds later, causing the victim to slump to the side and fall out of the wheelchair. It was not clear from the video whether the man, who did not raise his hands as ordered, actually had a gun in his possession. He was pronounced dead at the scene. The Delaware Department of Justice announced last Friday that it was investigating the shooting to “determine whether the police officers acted in compliance with Delaware law”. News reports quoted Wilming- ton police chief Bobby Cummings as saying officers responded to a call about a man with a self-inflicted gunshot wound. At a news conference last week, Cummings said McDole had not complied with officers’ demands to put his hands up, and that he also refused to place his weapon on the ground, local news reports said. McDole was killed when he reached for his weapon, Cummings said, according to the news reports. But his mother, Phyllis McDole, disputed that, saying he was neither armed nor dangerous. “The video’s showing that he didn’t pull a weapon. He had his hands on his laps when they opened fire on him,” she said. Delaware governor Jack Markell called the incident “deeply troubling” in remarks quoted by local media. The National Association for the Advancement of Colored People, a prominent civil rights organisation known by its acronym NAACP, has demanded that a “special prosecutor” be appointed to carry out an independent probe into what happened. Cases of alleged police brutality — especially by white officers against minorities — have grabbed headlines all over the US in recent months, with some sparking riots. — AFP Facebook founder calls for universal Internet access BY ELLEN WU LFHO RS T NEW YORK: Facebook founder Mark Zuckerberg and a host of celebrities kicked off a campaign on Saturday to make Internet access universal, saying this was critical to fulfilling the United Nations’ (UN) newly adopted agenda to combat global ills. Calling for efforts to ensure Internet access for everyone globally by 2020, Zuckerberg said Internet connections are a dynamic tool for sharing knowledge, creating opportunities, lifting communities out of poverty and promoting peace. “A ‘like’ or a post won’t stop a tank or a bullet; but when people are connected, we have a chance to build a common global community with a shared understanding,” Zuckerberg said at a private luncheon with business leaders at the UN. “That’s a powerful force.” The 193 UN member nations last Friday formally adopted a sweeping set of 17 Sustainable Development Goals, or SDGs, that aim to end poverty and combat inequality and climate change over the next 15 years and call for shared peace and prosperity. The objectives, described as “a to-do list for people and planet” by UN secretary-general Ban Kimoon, are intended as a road map to be implemented by governments and the private sectors. — Reuters Mexico govt pressured for answers one year on BY LIZBETH DI AZ MEXICO CITY: Tens of thousands marched in Mexico City Saturday to demand answers on last year’s disappearances of 43 students, piling new pressure on President Enrique Pena Nieto to clear up a case that has battered his image. A year since 43 trainee teachers went missing in the south-western city of Iguala after clashes with local police, protesters held up banners ridiculing Pena Nieto’s response to the crisis and accusing him of trying to draw a line under it. Simmering anger over the disappearances, which exposed deep flaws in Mexico’s justice system, has dashed any hopes the president harboured of turning the spotlight away from violence and lawlessness that have plagued the country for years. His government said the 43 young men were abducted by corrupt municipal police, then handed over to be massacred by a local drug gang that believed the students had links to a rival outfit in People holding a banner during a demonstration to mark the first anniversary of the disappearance of the students from Mexico’s Ayotzinapa College Raul Isidro Burgos, in Guatemala City, on Saturday. Photo by Reuters the crime-racked, impoverished state of Guerrero. But an international team of experts reviewing the case this month questioned the government’s account of how the gang members incinerated, ground up, then dumped the students’ remains in a river, arguing its investi- gation was sloppy and full of holes. “The people have gone back to tell the president, ‘we don’t believe him, we’re not idiots’,” said Moises Acosta, 30, one of the thousands of peaceful demonstrators. “Mexico needs to get to work on this case. It’s a lie we’re not going to swallow.” — Reuters IN BRIEF ‘Pope has hip problem, gets physical therapy’ PHILADELPHIA: Pope Francis, who had been limping more and more as his US trip went on, has a hip ailment and gets physical therapy on a regular basis, the Vatican spokesman said on Saturday. The 78-year-old pontiff, currently on a whirlwind tour of Cuba and the United States that was to end yesterday, was observed walking slowly with faltering steps and getting help from accompanying priests when going up or down stairs. “He has some problems in the movement of his legs. Some days are better than others,” Vatican spokesman Federico Lombardi told reporters in Philadelphia when asked about the pope’s condition that became more and more noticeable. — AFP Pontiff calls for defence of religious freedom PHILADELPHIA: Pope Francis paid tribute on Saturday to US’ defence of basic freedoms, especially religious liberty, and urged immigrants not to be discouraged by the “challenges and hardships” they face in the United States.Francis addressed a crowd of tens of thousands — some waving Vatican flags — gathered outside Independence Hall in Philadelphia, where the Declaration of Independence and the US Constitution were both debated and signed. He specifically emphasised the importance of religious freedom, “a fundamental right which shapes the way we interact socially and personally with our neighbours whose religious views differ from our own”. — AFP American tourist shot dead in Colombia BOGOTA: An unidentified assailant shot dead a US tourist in the Colombian city of Medellin, killing the 65-year-old, police said on Saturday. “On Friday (last Friday) night, when a foreign national got out of the taxi he was travelling in, he was approached by a suspect who tried to rob his belongings. When the man resisted, sadly, he was killed,” Medellin police colonel John Rodriguez told reporters. The American, identified as John Mariani, shot in the upscale El Poblado neighbourhood, was rushed to hospital “but unfortunately was dead on arrival”, Rodriguez said. — AFP Blaze at Baitul Futuh Mosque in London LONDON: A blaze broke out on Saturday at a London mosque which claims to be the largest in western Europe. Ten fire trucks were sent to fight the blaze at the Baitul Futuh Mosque in Morden, south-west London. The smoke could be seen across the city. One man, said to be in his 40s, was taken to hospital after suffering from smoke inhalation, London Ambulance Service said. — AFP W O R L D 27 M ON DAY S E P T E MB E R 28 , 2015 • T HEED G E FINA NCIA L DAILY Israeli police, Palestinians clash in Jerusalem JERUSALEM: Israeli police and Palestinians clashed yesterday in Jerusalem’s al-Aqsa mosque compound, where violence in recent weeks has raised international concern. No injuries or arrests were initially reported, after Palestinian youths, chanting “God is great”, threw rocks at police in riot gear, who responded with what a spokeswoman described as “appropriate riot dispersal means”. She declined to elaborate, but said calm had been restored. Israel Radio said police had fired rubber bullets. Palestinians have said they fear that increasing visits by Jewish groups to the holy compound, revered by Jews as the site of Biblical temples, are eroding Muslim religious control there. Israel has pledged to maintain Muslim prayer rights at al-Aqsa, but, citing security concerns, has frequently banned young Muslim men from entering the area, which it captured when it seized East Jerusalem and the West Bank in a 1967 war. There have been similar days of unrest at al-Aqsa over the past several weeks during a period coinciding with the onset of major Jewish and Muslim holidays. Yesterday’s incident occurred on the eve of the Jewish festival of Sukkoth and the end of the Muslim holiday of Eid al-Adha. An Israeli ban on Jewish visits to the compound, imposed several days ago in a bid to lower tensions, was still in effect. The White House has said it was deeply concerned about the violence at the site and has called on all sides to “exercise restraint and refrain from provocative actions and rhetoric.” While violence in the occupied West Bank and East Jerusalem has not approached the levels of past Palestinian uprisings, there has been a surge of Palestinian stone-throwing. — Reuters Iran leader demands that Saudi Arabia apologise Muslims and the victims’ families,” Ayatollah Ali Khamenei was quoted as saying. Shi’ite Muslim Iran, which is locked in a series of proxy wars in Arab countries around the Sunni Muslim kingdom, says that at least 144 Iranians are among the dead. Over 300 other Iranians remain unaccounted for, including former ambassador to Lebanon Ghazanfar Roknabadi, Fars news agency reported. “The Islamic World has a lot of questions. The death of more than 1,000 people is not a small issue. Muslim countries should focus on this,” Khamenei said. Other Iranians officials have also alleged the total death toll is more than 1,000. The disaster happened when two large groups of pilgrims collided at a crossroads in Mina, a few kilometres east of Mekah , on their way to per- forming the “stoning of the devil” ritual at Jamarat. Iran has summoned the Saudi chargé d’affaires three times to ask Riyadh for more cooperation over the incident. Iranian President Hassan Rouhani demanded an investigation into a crush in his speech at the United Nations on Saturday. Parliament is meeting behind closed doors to decide how Iran should pursue this incident legally. — Reuters Jailed billionaire Ng said to have evaded US bribery probe BY PATRI C I A HU RTADO & E DVARD P E TTE RS S O N Benshun speaking at a session of the National People’s Congress in Beijing, China on March 7. He has been dismissed as a member of the largely rubber-stamp parliament after a graft probe. Photo by Reuters China opens way to prosecute another former top official for graft BEIJING: A former senior associate of China’s jailed one-time security chief Zhou Yongkang has been dismissed as a member of the largely rubber-stamp parliament after a graft probe, state media has said, paving the way for his prosecution. Zhou Benshun, who is not related to Yongkang, had been the top official in the northern province of Hebei, which surrounds the capital Beijing and is China’s most important steel producer. The ruling Communist Par- ty’s anti-graft watchdog accused him in July of “serious breaches of discipline and the law”, a euphemism for corruption. Benshun has now been booted out of parliament, the official Xinhua news agency said late on Saturday, meaning he has lost the immunity from prosecution he had enjoyed as a member. The brief report provided no other information. It has not been possible to reach him for comment and it was not clear if he has a lawyer. — Reuters NEW YORK: A Macau billionaire now jailed in New York failed to comply last year with a request from US prosecutors that he answer questions as part of an overseas bribery investigation, according to court papers and a person familiar with the probe. Ng Lap Seng, 68, is being held in a Manhattan federal jail after his arrest last Saturday on charges that he brought US$4.5 million (RM19.8 million) into the United States and lied about its purpose to authorities. As part of a complaint detailing the allegations against Ng, an FBI agent said Ng left the US in July 2014 without responding to a grand jury subpoena in an “unrelated investigation.” That investigation, based out of Nevada, focused on allegations of foreign bribes being paid, according to a person familiar with the matter who declined to be named because it wasn’t public. Natalie Collins, a spokesman for US Attorney Daniel Bogden in Las Vegas, declined to comment. It’s unclear who the government was targeting or whether the 2014 investigation is continuing. German minister denies plagiarism allegations, says report BERLIN: Germany’s Defence Minister Ursula von der Leyen fiercely rejected allegations revealed on Saturday in media reports that she plagiarised portions of her doctoral thesis, a charge that has already brought down other high-level German leaders. According to a report in the Der Spiegel weekly, dozens of passages in her dissertation clash with academic standards, with over 40% of the document allegedly containing plagiarised text. However, von der Leyen “not only rejects these accusations she has ... asked the medical school in Hanover,” where she got her doctorate in the 1990s “to have it evaluated by a competent and independent commission,” a defence ministry spokesman told Der Spiegel. — AFP Russia builds up Syria airbase as US policy suffers setback To Muslims and victims’ families of crush outside Mekah DUBAI: Iran’s supreme leader has said Saudi Arabia should apologise for a crush outside the Muslim holy city of Mekah that killed 769 worshippers performing the annual haj pilgrimage, Khamenei’s website said yesterday. “This issue will not be forgotten and the nations will pursue it seriously. Instead of accusing this and that, the Saudis should accept the responsibility and apologise to the IN BRIEF Ng’s name surfaced this year as part of a lawsuit alleging that Sheldon Adelson, the 82-year-old billionaire founder and chairman of Las Vegas Sands Corp, ordered secret investigations into the business and financial affairs of Macau government officials and insisted on retaining a Macau lawyer who exposed the company to violations of US anti-bribery law. The suit was filed by the former chief executive officer of the company’s Macau unit. In testimony at a May hearing in Las Vegas, Adelson denied knowing Ng and said he hadn’t authorised Ng to deliver a message from Adelson to government officials in China. “I know of nobody in our company that dealt or was dealing with this Ng Lap Seng,” Adelson said. Adelson also denied that Ng was connected to an alleged US$300 million-bribe request to his Sands China Ltd casino operation in the former Portuguese colony. The payment, according to Adelson’s testimony, was to facilitate the company getting long-delayed approval to sell condos at its Four Seasons property and to settle claims by a Taiwanese businessman. — Bloomberg DAMASCUS: Moscow pressed its military build-up at a new airbase in Syria on Saturday, as Washington admitted rebels it trained surrendered ammunition and equipment to al-Qaeda in a fresh US policy setback. A decades-long backer of the Damascus regime, Moscow has steadfastly supported President Bashar al-Assad throughout four and a half years of war that has killed more than 240,000 people. Its recent deployment of troops and warplanes to Syria, combined with new arms deliveries to Assad’s forces, appears to have prompted a significant shift in international efforts to end the conflict. — AFP Russia frees Estonian officer in Cold War-style bridge spy swap MOSCOW: Russia on Saturday freed an Estonian officer jailed for spying last month, exchanging him for a Russian spy in a Cold War-style bridge swap just days before President Vladimir Putin’s visit to the United Nations. Eston Kohver, who was sentenced in August to 15 years in a Russian jail on espionage and other charges, was exchanged for Aleksei Dressen, a former Estonian security official serving a 16-year sentence for spying for Moscow, Russia’s FSB security service said in a statement. — AFP ‘Canada revokes citizenship of convicted terror plotter’ MONTREAL: The Canadian government has revoked the citizenship of the convicted mastermind of a 2006 al-Qaeda inspired plot to detonate bombs in Toronto, a newspaper reported yesterday. Zakaria Amara received a life sentence in January 2010 and is serving his time in a penitentiary in Quebec. — AFP 28 WORLD M ON DAY SEP TEM B ER 28, 2 0 1 5 • TH EEDGE F I N AN C I AL DAI LY Record migrant arrivals in Croatia as crisis deepens Interior ministry announces unprecedented spike, no sign of abating BY L A JL A VESEL ICA ZAGREB: Croatia on Saturday announced an unprecedented spike in the arrival of migrants on a long, dangerous journey towards western Europe as the continent’s worst post-World War II refugee crisis showed no sign of abating. With many of the people fleeing war and misery flocking towards Germany, a new poll showed Chancellor Angela Merkel’s popularity at home has been hit by Thousands evacuated from Taiwan islands as typhoon nears TAIPEI: Almost 3,000 people, most of them tourists, were evacuated from outlying islands off Taiwan yesterday as Typhoon Dujuan gathered strength as it neared, looking set to bring heavy rains and high tides. Typhoon Dujuan, packing maximum winds of up to 209kph, was 560km south-east of Hualien County at 2.30pm (0630 GMT), and laid around 350km from the Japanese island of Ishigaki. “It’s at the upper limit of a moderate storm, and we do not rule out that it gets stronger,” a spokesman for Taiwan’s weather bureau told AFP. Ferry operators increased trips to move people from Green Island and Orchid Island, popular with tourists, and services were suspended later yesterday. A total of nearly 3,000 people were being evacuated from the two islands, the local tourism bureau said. The storm threatened long-weekend plans for many as Taiwan celebrated the Mid-Autumn Festival, when families typically gather and moon-gaze. Typhoon Dujuan is set to hit Ishigaki at around midday today, and make landfall in Taiwan later in the evening. The storm is on course to hit mainland China from tomorrow after moving through Taiwan. Japan’s meteorological agency has warned it could trigger waves 13m high when it strikes the country. So far, there have been no reports of damage or injuries in connection with the typhoon, but “winds are getting stronger now”, an Ishigaki official told AFP by phone. — AFP her policy of openness. Merkel’s “strong commitment to the refugees has obviously not been met with much backing,” the Der Spiegel weekly newspaper said about the poll published on Saturday on its pages. Germany is expecting up to a million refugees and migrants to enter its borders this year, many encouraged by Merkel’s welcoming stance. Some 500,000 people have come to Europe so far this year, the Inter- national Organization for Migration said, many of them taking perilous journeys on inflatable dinghies to Greece from Turkey, and then up towards western Europe through the Balkans and Hungary. European Union member Croatia became a key transit country when Hungary sealed its border with Serbia earlier this month in a bid to keep the migrants out. In the past 10 days alone, 65,000 refugees and migrants had arrived in the Balkan country, the interior ministry said on Saturday. Most were given temporary shelter in a recently built refugee reception centre in the village of Opatovac near the Serbian border. They were then taken on buses and trains to three border crossings with Hungary. “The key is that everything goes smoothly on Hungary’s side. [Hungary] is still receiving [the migrants] and transporting” them towards the Austrian border, Interior Minister Ranko Ostojic told reporters. — AFP Japanese climber attempting Mount Everest turns back KATHMANDU: A Japanese climber who was attempting the first summit of Mount Everest since a deadly quake-triggered avalanche destroyed part of the base camp in April said yesterday he had turned back. Thirty-three-year-old Nobokazu Kuriki, who lost nine fingers to frostbite during a 2012 attempt to climb Everest, was the only mountaineer pursuing the summit this year after an avalanche set off by a massive quake killed 18 people at the base camp. The disaster saw hundreds of climbers abandon their bids to ascend the 8,848m peak, marking a second spring season with virtually no one reaching the summit. The deaths of 16 Nepali guides in an avalanche in 2014 sparked a shutdown that year. It was Kuriki’s fifth attempt to climb the world’s highest mountain. “I decided to descend,” he posted on his official Facebook page early yesterday. “I tried hard taking all my energy, but it took too much time to move in deep deep snow. I realised if I kept going, I wouldn’t be able to come back alive, so I decided to descend. Taking greater role, China leader pledges US$2b to poor countries NEW YORK: Chinese President Xi Jinping on Saturday pledged US$2 billion (RM8.8 billion) for a new development fund for poor countries on a United Nations (UN) visit showcasing Beijing’s growing global role. Xi’s announcement, made in his first address to the UN, follows long-standing criticism from the United States and other developed countries that China has not taken responsibilities in line with its aspirations for a greater global role. The speech is the latest high-profile move for Xi on a trip that has included a White House state visit and saw him chair a UN forum on women’s rights yesterday. Addressing a UN summit on development, Xi said China would act “by putting justice before interests and joining other countries in a concerted effort to realise the post-2015 agenda.” — AFP Nepal imposes alternate-day vehicle curbs due to fuel shortage fears KATHMANDU: Nepal yesterday imposed nationwide restrictions on vehicle use due to growing fears of a fuel shortage after protesters seeking changes to a new constitution blocked a major border trade route. Drivers are allowed on the road only on alternate days, depending on whether their licence plates end in odd or even numbers, as a result of the blockade on the India-Nepal border since last Thursday night. “The government has decided to limit the number of vehicles moving across the country due to the fuel shortage,” home ministry spokesman Laxmi Prasad Dhakal told AFP. — AFP Burkina Faso freezes assets of failed coup leader Kuriki speaking during an interview in Kathmandu, Nepal, on Aug 22. The Japanese climber was the first to attempt to scale Everest since the massive earthquake in April. Photo by Reuters “Thank you so much for all your support. I appreciate you all from [the] bottom of my heart.” Without the aid of bottled oxygen, a determined Kuriki had planned to tackle the final stretch alone overnight, ascending into the “death zone” — located above 8,000m, notorious for its difficult terrain and thin air. The risks are higher than usual, thanks to regular aftershocks increasing the chance of avalanches, while mountaineering experts said climbing in the autumn is more dangerous than spring due to high winds and lower temperatures. — AFP Canada’s Quebec to change place names with N-word MONTREAL : Nearly a dozen names of places in Quebec must be changed because they contain words like “nigger” or “Negro”, a commission in the French-speaking Canadian province said on Saturday. “Even if the words ‘nigger’ or ‘negre’ are of ancient usage, they can undermine the dignity of the black community,” Quebec’s commission on place names said. “Indeed, the former has a strong- IN BRIEF ly offensive connotation, while the latter has acquired a pejorative charge over time.” In all, 11 names of lakes, rivers, rapids and hamlets in Quebec must be changed as a result of the directive. The province is the only one where the word “negre” — which means “Negro” in French — appears in place names. The commission wants the new names to respect “as much as possible the historic legacy of the plac- es” and “recall the presence of the black community, which has enriched Quebec.” The decision follows a debate launched in August about the appropriateness of the name “Nigger Rapids” given in 1970 to rapids in the town of Bouchette, about 300km north-west of Montreal. Quebec Justice Minister Stephanie Vallee also expressed concern about “names that could have a hurtful connotation.” — AFP OUAGADOUGOU: Burkina Faso authorities on Saturday froze the assets of General Gilbert Diendere, the leader of last week’s failed coup in the impoverished western African country. State prosecutors said in a statement they were also freezing the assets of 13 others involved in the putsch, as well as those of four political parties linked to ex-president Blaise Compaore, who was ousted in a popular revolt last year. The asset freezes came a day after Burkina’s interim Cabinet dissolved the elite presidential guard, which is loyal to Compaore. — AFP Putin calls Saudi king to discuss Syria conflict MOSCOW: Russian President Vladimir Putin spoke to Saudi Arabia’s King Salman about finding a solution to the Syria crisis on Saturday, just two days before he is due to address the United Nations on the issue, the Kremlin said. In a telephone conversation at Russia’s behest, the two men “exchanged views on regional security matters. — AFP S P O RT S 2 9 M ON DAY S E P T E MB E R 28 , 2015 • T HEED G E FINA NCIA L DAILY Wales stun England, S Africa back on course BY T I M WI TC H ER LONDON: Dan Biggar kicked Wales to a stunning 28-25 comeback victory over World Cup hosts England on Saturday as South Africa got their campaign back on course with an emphatic 46-6 triumph over Samoa. The Welsh hero and South Africa wing JP Pietersen — scorer of three tries — were the individual stars on the most electrifying day so far of a World Cup that is keeping the fans on the edge of their seats with upset results and thrilling rugby. Italy beat Canada 23-18 in the third game which produced the best try of the tournament so far in the shape of Canada wing Daniel Tailliferrer Hauman van der Merwe’s effort started by him deep inside his own half. Biggar, who normally sees the kicking duties handled by the injured Leigh Halfpenny, emerged from the shadows to kick 23 points from seven penalties and a conversion — a record points haul for a Welshman against England. A brilliant Gareth Davies try capped a determined come-frombehind performance by the Welsh as a whole, leaving Biggar embarrassed at being named man of the match. — AFP Hamilton equals Senna’s tally through Japan win With Rosberg anchoring the eighth one-two finish for dominant Mercedes this season BY A L A N B A L D WI N SUZUKA: Lewis Hamilton won the Japanese Grand Prix yesterday to equal the late Ayrton Senna’s tally of 41 Formula One victories and move 48 points clear of Mercedes teammate Nico Rosberg with five races remaining. On a sunny afternoon at Suzuka, in marked contrast to the dark and tragic 2014 race that he also won, the double world champion seized the lead from pole-sitter Rosberg at the start and never looked back. The win was the Briton’s eighth of the season, with Rosberg anchoring the eighth one-two finish for dominant Mercedes as the champions returned to form after a mysterious dip in Singapore last weekend. Rosberg took the chequered flag 18.9 seconds behind Hamilton with Ferrari’s Sebastian Vettel, the winner in Singapore, finishing third in an exact repeat of last year’s top three in Suzuka. Hamilton now has 277 points to Rosberg’s 229 with Vettel drop- ping back on 218 but refusing to give up his championship hopes until mathematically ruled out. Mercedes, who have now won 11 of 14 races, moved a step closer to retaining their constructors’ title with 506 points to Ferrari’s 337. “For me to come here to a race where I used to love watching Ayrton drive, to match his wins ... I can’t really describe it. It doesn’t feel real at the moment,” said a delighted Hamilton after saluting the fans from the podium. If last year’s post-race ceremo- nies were muted in the aftermath of the late Jules Bianchi’s horrific and ultimately fatal accident, only a brief microphone failure prevented Hamilton from expressing his joy on the podium this time. “I am so happy right now,” he said, before Vettel poured champagne over his rival’s head. “The team did a fantastic job this weekend (last weekend), it’s great to be back up here as a team with a one-two. “The car was beautiful to drive today (yesterday).” — Reuters Khairy: FAM must distribute revenue fairly Blatter, Platini being probed — media KUALA LUMPUR: Revenue earned from M-League broadcast rights must be distributed fairly to states and clubs by the Football Association of Malaysia (FAM), said Youth and Sports Minister Khairy Jamaluddin. He said the FAM must discuss the formula for distribution with the state associations and clubs playing in the league, especially with an increase in the sponsorship amount. “I will leave it to the FAM to make a decision because I can only suggest,” he told reporters after flagging off the Walk-a-Mile that was held in conjunction with World Heart Day in Taman Tasik Perdana here yesterday. Khairy was commenting on Kelantan Football Association president Tan Sri Annuar Musa’s disappointment over the FAM’s distribution of gate collections for the FA Cup. Annuar was not satisfied with the RM600,000 given to Kelantan, the FA Cup losing finalist, since RM3 million was collected from the final whereby Kelantan fans bought 90% of the tickets. — Bernama GENEVA: Fifa president Sepp Blatter and Uefa leader Michel Platini were under investigation by Fifa’s independent ethics committee and could face suspension, media reported yesterday. Switzerland’s Schweiz am Sonntag weekly said it had information indicating that the two most powerful men in football were in the sights of the ethics committee and could soon be suspended. Committee spokesman Andreas Bantel told the paper he could not comment on individual cases, but hinted at committee activity. “If there is an initial suspicion, the investigatory chamber initiates a formal procedure,” he said, insisting the rules apply to everyone in football “regardless of position or name”. British media also said the Fifa ethics committee had opened an inquiry into 79-year-old Blatter and Platini, his 60-year-old former ally. The massive corruption scandal that has engulfed world football since May made its way to the top of football’s governing body last Friday when Swiss authorities said Blatter was under criminal investigation. Uefa chief Platini, who was favourite to win an election to be a successor to Blatter, had come under scrutiny over a US$2 million payment. If Platini is suspended IN BRIEF ‘Malaysians should make sports a culture’ KUALA LUMPUR: With the coming National Sports Day celebration on Oct 10, Youth and Sports Minister Khairy Jamaluddin called on Malaysians to practise a healthy lifestyle by making sports their culture. He said by practising a healthy lifestyle, they could help the government reduce expenditures in providing public health service. “If Malaysians continue to lead an unhealthy lifestyle, the country will soon face a health crisis and the government will have to bear the rising cost for health care,” he told reporters after opening the 14th Walk-a-Mile Run, which was held in conjunction with the World Heart Day at Taman Tasik Perdana here yesterday. — Bernama College player in hospital with spinal injury ATHENS: US Southern University wide receiver Devon Gales was in hospital on Saturday with a spinal injury suffered in the third quarter of a 48-6 gridiron loss to the University of Georgia. Southern officials confirmed in a statement that Gales had been diagnosed with a spinal injury and requested “continued prayers” for the wide receiver, who was injured in a collision while blocking on a kick-off return. Southern’s assistant athletic director Trayvean Scott told ESPN that Gales could move his hands and was in good spirits, but further details of his condition were not immediately available. — AFP ‘Samy Vellu Cup can develop young players’ KUALA LUMPUR: Outstanding Indian youth players participating in the 12th Datuk Seri S Samy Vellu Cup will have an opportunity to represent the Malaysian Indian Football Association (Mifa) team in the future. Mifa president Datuk T Mohan said the competition, which involves players under 23, is organised to attract young Malaysian Indians to take up football and to expand the talent pool for the sport. Describing the competition as the platform for the youth to show their talent in football, he said it is also aimed at developing young players to represent Malaysia in the future. — Bernama BY NINA LAR SO N High school player dies after gridiron injury he could be barred from standing in the Feb 26 election. Swiss prosecutors said Blatter was being investigated over the 2005 sale of World Cup television rights to the Caribbean Football Union, a deal which had been “unfavour- able for Fifa”. Blatter was also suspected of making a “disloyal payment” of US$2 million to Platini in February 2011 allegedly made for work the Frenchman carried out for Fifa between 1999 and 2002. — AFP NEW YORK: A New Jersey high school football player died after he was hurt in a game last Friday night, school officials confirmed on Saturday. Quarterback Evan Murray, a threesport star at Warren Hills Regional High School, died after being injured during a game in Washington, New Jersey. In a statement released on Saturday, interim superintendent Gary Bowen said the school community was “deeply saddened”. — AFP 30 live it! M ON DAY SEP TEM B ER 28, 2 0 1 5 • TH EEDGE F I N AN C I AL DAI LY MO WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE S fo Jhené Aiko Omarion Mary J Blige Talib Kweli SOUL FIX Get your dose on R&B, hip hop and neo-soul this October with Soulfest Asia Festival BY HANNAH M ER ICAN G et ready for Southeast Asia’s biggest R&B and hip hop festival this Oct 17 with Soulfest Asia. Held at Mines International Exhibitions & Convention Centre, the inaugural Asian edition of this popular Australian festival is being held in Kuala Lumpur and comprises an exciting line-up of both international and regional acts in the music and comedy sphere. With Mary J Blige, Jhené Aiko and Omarion confirmed as some of the big names at the festival, Soulfest Asia will be turning up the heat on all things R&B, neo-soul, funk and hip hop. Festivalgoers can also look forward to catching local acts such as Joe Flizzow and his Kartel family, Najwa and hip-hop collective De Fam. There will also be regional acts such as Raisa from Indonesia, Shigga Shay from Singapore and hip hop group Thaitani- um from Thailand, who will be performing their own brand of hip hop and R&B. Aside from music, Soulfest Asia will also feature a comedy room called LOL@Soulfest with a whole host of stand-up comedians. Briton Gina Yashere and Hong Kong-based Jim Brewsky will be headlining this segment of the festival, which also features other up-and-coming comedians from around the world. The festival also aims to raise awareness for the gravity of domestic violence and garner support for the Women’s Aid Organisation with a ceramic art exhibition Can You Keep A Secret?. The exhibition features 12 ceramic life-sized head sculptures by artist James Seet representing the harrowing accounts of domestic violence survivors. Tickets for Soulfest Asia are priced at RM198 and are available online at www.soulfestasia.com. IT now is s gun Be bu of t in t att par ou to t Qu Vas rec Qu Ac H E R E A R E S O M E B I G NA M E S T H AT W I L L B E P E R F O R M I N G AT S O U L F E S T A S I A Musicians Mary J Blige As the winner of nine Grammy Awards and 12 multiplatinum albums, Mary J Blige needs no introduction. Known for her powerhouse vocals and trademark soul sound, the undisputed Queen of Hip Hop Soul will be headlining the inaugural Soulfest Asia. Blige burst on to the scene with her debut album What’s The 411 in 1991 and has given us some of the biggest R&B anthems of all time with hits such as Just Fine, Be Without You, No More Drama and Real Love. With messages of empowerment and inspiration in her songs, Blige has won a legion of fans around the world with her music. She has recently gone into the dance music arena with her latest album The London Sessions and collaborated with the two big names in British music — Sam Smith and Disclosure — with positive reviews. Omarion The surprise announcement of the line-up, Omarion, is fresh off the success of his single with Jhené Aiko and Chris Brown entitled Post To Be. Best known for being the lead singer of R&B boy band B2K, Omarion has also managed to make a name for himself as a successful artist with four solo albums under his belt. His upcoming album, Reasons, is scheduled for a Oct 23 release, shortly after his performance at Soulfest Asia. With a bit of luck, fans will be able to hear a few sneak peeks at the festival. Jhené Aiko Known for her ethereal voice and well-known collaborations with some of the biggest names in hip hop, Jhené Aiko is finally making a name for herself in her own right with her debut album Souled Out. The singer has worked with some of the most notable names in the industry, including Kanye West, Drake, Miguel and Kendrick Lamar, which has catapulted her into the global spotlight. The release of her debut album led it to debut at the top spot on the Billboard Charts, and even garnered three Grammy nominations. Hopefully Jhené and Omarion will perform their latest hit, Post To Be, together on the Soulfest stage. called And The Anonymous Nobody, which exceeded their goal and became the most successful Kickstarter album project of all time. Comedians Gina Yashere British comedian Gina Yashere is a veteran in the stand-up comedy industry and has entertained audiences all over the world. She broke into the US comedy scene with appearances on the show Talib Kweli Last Comic Standing. Known for her bombastic Not your average rapper, Talib Kweli is a musically delivery, lively personality and hilarious obsergifted lyricist who has emerged as one of the most vations, expect Gina to wow audiences on this socially aware and politically insightful rappers trip to Malaysia. in the past 20 years. With an extensive discography of seven solo albums under his belt, he has Jim Brewsky worked with some of the biggest names in music Hong Kong-based comedian Jim Brewsky is one today including The Neptunes, Justin Timberlake, of Asia’s newest and biggest names in comedy. Kendrick Lamar and Kanye West. Kweli has earned He recently won the 2015 Magners International the most recognition through his work with rapper Comedy Festival as well as the 2014 Hong Kong Mos Def in East Coast hip hop group Black Star. International Comedy Competition. He has perKweli has also previously collaborated with head- formed at venues such as the Gotham Comedy liner Mary J Blige with the track I Try. Kweli is also Club New York, The Laugh Factory Hollywood, expected to release his upcoming album entitled Comedy Masal Singapore and MGM Macau. His Radio Silence in the next few months. self-deprecating humour and good-natured stage presence make Brewsky one to watch. De La Soul Formed in 1987, New York hip hop trio De La Rizal Van Geyzel Soul has been going strong for over 20 years. Rizal Van Geyzel has made a name for himself in Consisting of Kelvin Posdnuos’ Mercer, Dave the local comedy scene over the past few years. He Jolicoeur and Vincent “Mase” Mason, the trio started to make a name for himself after opening is known as one of the most successful alterna- for Malaysian comedy king Harith Iskander and tive rap groups of the era. They are known for theatre actor and producer Jit Murad at the age of hits such as Ring Ring Ring (Ha Ha Hey) and A 20. One of three founding partners of Crakhouse Roller Skating Jam Named “Saturdays”, which Comedy Club, Kuala Lumpur’s first comedy club, have won them a great deal of respect from the Rizal is known for his hilarious observations on hip-hop community. The trio recently launched Malaysian life. Expect his special brand of humour a Kickstarter project to fund their new album to be a barrel of laughs at Soulfest. P A C W live it! 31 M O N DAY S E PT E MB E R 28 , 2015 • T HEED G E FINA NCIA L DAILY WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE SCENE BY M AE CHAN Soviet-era novel adapted for Malaysian stage IT is the year 1942, and World War II is raging. In the now-defunct state of Karelia, Senior Sergeant Vaskov is stationed with a group of young female anti-aircraft gunners in a railway station far from the front line. Being the only man in the village, he had no choice but to accommodate the active, playful personalities of the gunners. One day, two German paratroopers seem to appear in the nearby forest, but when Vaskov and the women attempt to stop them, they find out that there are 16 paratroopers instead. Despite being outgunned and outnumbered, the women stage a remarkable fight to the end. This is the setting of The Dawns Here Are Quiet, a 1972 Soviet-era war movie based on Boris Vasilyev’s novel of the same name. The novel is the inspiration for Malaysian director Deric Gan’s version of The Dawns Here Are Quiet, which is staged in collaboration with The Actors Studio Seni Teater Rakyat and Muka Space. Gan is the first Malaysian to obtain a PhD in Theatre and Chinese Traditional Opera from China’s prestigious Central Academy of Drama in Beijing, and has won multiple awards for his classical adaptations. Timed in conjunction with the 70th anniversary of the anti-fascism world war victory, Gan says he wanted to bring the theme to Malaysia. “The play can help us understand history and also to create awareness on female suffering and those from the war,” he points out. His stage adaptation of this epic book stars Evan Siau, Grace Looi, Ellie Yeo, Ruby Yap, Paige Chan and Paz Lim, with Ruby Chong and Douglas Wong as guest performers. Set on a minimalist stage with props and costumes from the era, The Dawns Here Are Quiet will be staged on Pentas 1, klpac, from Friday to Oct 4, in Mandarin with English subtitles. Tickets are priced at RM66 and RM88. Call (03) 4047 9000 or visit to purchase. Personal ASSISTANT CO MPI L ED BY SU ANN QUAH WORK. LIFE. BALANCE COME to Dance Blaze Academy and try out their new free Salsa and Bachata beginner classes, which takes place tonight. You’re welcome to bring friends along too — the Salsa class starts at 8pm and the Bachata class takes place at 9pm. If this free try-out class is something that you would like to do long-term, the academy offers regular classes starting from Oct 5 — a four-week class for either one dance style is RM120, or enjoy a special rate of RM220 per month for both. For further info, contact Amar at (016) 225 5141 or Prabha at (016) 903 5862. Dance Blaze Academy is located at level 2, 7A Jalan Bangsar, Kuala Lumpur. PICK OF THE DAY THE Body Shop has just launched an exciting, updated fragrance collection that is on trend, feminine and desirable. Packaged in beautifully redesigned, multifaceted glass bottles that signify the time zones across the globe, the Voyage Fragrances is sure to entice and appeal. Created by some of the world’s top perfumers, each fragrance is based on authentic, traditional ingredients from some of the world’s most beautiful places. The range consists of Japanese Cherry Blossom, a delicate, fruity and floral scent; Atlas Mountain Rose, a dewy spicy and floral fragrance reminiscent of the rose fields of Morocco; Italian Summer Fig, a light, cooling scent; and Fijian Water Lotus, a sparkling, floral, marine fragrance. Available now at all The Body Shop stores nationwide and online at www. thebodyshop.com.my, the Voyage Collection is priced at RM109 and RM99 (50ml), while travel-friendly mini editions (10ml) are also available for RM30.50. CATCH Teater Dari Bintang Ke Bintang, a production by Institut Terjemahan & Buku Malaysia, Dewan Bahasa dan Pustaka, Yayasan Usman Awang and Stefani Events. The play is a conglomeration of celebrated works by the legendary Usman Awang. With minimal props, the show focuses on the voices of the actors instead of flash. Tickets are priced at RM20 (students) and RM30. For inquiries or to purchase tickets, call Colridima at (013) 235 3674, Sakinah (019) 221 9630 or Sarima at (019) 225 3879. The play will take place at ITBM, 2 Jalan 2/27E, Section 10, Wangsa Maju, Kuala Lumpur. KING crab season is on at Manhattan Fish Market. Enjoy a delicious, juicy king crab for RM69.90, or a flaming king crab platter for RM99.90. The platter also includes tender dory fillet baked in garden herbs and coriander sauce, crunchy fried calamari and hot veggies on garlic herb rice. Choose from four sauces — Manhattan, ebiko, honey BBQ and spicy. Head over to Manhattan Fish Market at LG 060, lower ground floor, Mid Valley Megamall from now till Nov 15 to savour some succulent king crab. For inquiries or reservations, call (03) 2284 0448. 32 live it! M ON DAY SEP TEM B ER 28, 2 0 1 5 • TH EEDGE F I N AN C I AL DAI LY WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE A TRIP TO THE Zen TODAY TOP OF THE WORLD BY MA E C H A N Everest Director: Baltasar Kormákur Cast: Jason Clarke, Josh Brolin, John Hawkes, Michael Kelly, Sam Worthington, Keira Knightley, Jake Gyllenhaal, Emily Watson I f there was ever a movie that is worth watching in IMAX 3D, Everest would be it. This exceptionally well-captured film pays homage to those who dared, centering on the tragic but incredible events of the historical 1996 climb that then recorded the highest number of deaths in one day. Focusing on New Zealand mountaineer Rob Hall and his renowned company Adventure Consultants, the movie pieces together the events surrounding his and his team of climbers’ ascent and subsequent descent from the world’s tallest mountain peak, as a deadly storm wreaks havoc. Everest sets itself apart from films of its genre in several ways, most notably in its approach. Films of this kind are never an easy watch, but Icelandic director Baltasar Kormakur (2 Guns, Contraband) crafted a film that is not so much disaster-driven but rather a re-enactment, drama, tribute and adventure all rolled into one. The result is an engaging and rather heartfelt experience, commendably avoiding the temptation of over-sensationalising, which actually makes the re-imagining overall more gripping. This proves a well-thought out movie, considering that one based on true-events is notoriously difficult to get right — what more a story as fragmented as the 1996 tragedy, known for its conflicting accounts and for a long time after, engulfed in controversy. The idea of the movie first took root when producer Tim Bevan read journalist Jon Krakauer’s account of the May 1996 events in his bestselling book Into Thin Air, which was also made into a tele-movie. Krakauer (played by Michael Kelly in the film), was part of the group that climbed Everest with Adventure Consultants, though he was not consulted on the making of the movie, and has remained silent on it since its release. But Everest is not just based on Krakauer’s version of the story of what happened on May 10, 1996. Instead, it paints a broader story of the different individuals and groups, as well as incorporating their perspectives. Among accounts drawn from includes that of fellow survivor Beck Weathers (Josh Brolin), the Texan pathologist who penned Left For Dead: My Journey Home from Everest about his miraculous revival and subse- quent dramatic rescue via helicopter, as well as the transcript of the final satellite phone conversation between Hall (Jason Clarke) and his wife, Jan Arnold (Keira Knightley). Also portrayed in the film is Scott Fischer (Jake Gyllenhaal), who ran a rival company to Hall’s, though both were pioneers in the commercialisation of climbing on Everest. Kormakur’s direction successfully utilises the wonders of technological advancement to bring the audience on a breath-taking journey up the mountain, a view most of us will not see in our lifetime. With the help of Guy Cotter (Sam Worthington), one of Hall’s best friends and who currently leads Adventure Consultants, the mountain’s elements and psyche of the climbers are also realistically captured. There is an underlying sense of respect and openness in Everest, as the story is allowed to unfold without hurry, and there is no message being shoved down our consciousness. On the flip side, the profound question Krakauer asks the climbers come to mind: Why do they do it? After 121 minutes, there isn’t really an answer. For some, it would be what falls short for this film. Nevertheless, Everest leaves us refreshingly in awe of the world’s tallest mountain and those who tried to conquer it. 4.98 Education is the ability to listen to almost anything without losing your temper or your self-confidence — Robert Frost 128.98 Markets 3 3 M ON DAY S E P T E MB E R 28 , 2015 • T HEED G E FINA NCIA L DAILY BURSA MAL AYSIA MAIN MARKET Bursa Malaysia YEAR HIGH Sectorial Movement INDICES CLOSE +/- %CHG KLSE COMPOSITE 1,615.01 KLSE INDUSTRIAL INDICES CLOSE +/- %CHG 1.84 0.11 TECHNOLOGY 21.11 0.13 3,107.99 9.58 0.31 FTSE BURSA 100 10,877.39 10.58 CONSUMER PRODUCT 570.35 3.93 0.69 FTSE BURSA MID 70 12,206.10 5.24 0.04 INDUSTRIAL PRODUCT 136.14 0.88 0.65 FTSE BURSA SMALL CAP 14,782.29 43.18 0.29 CONSTRUCTION 261.28 -1.89 -0.72 FTSE BURSA FLEDGLING 14,709.24 25.92 0.18 TRADE & SERVICES 215.96 0.48 0.22 FTSE BURSA EMAS 11,165.38 12.35 0.11 13,979.72 -31.84 -0.23 5,573.25 35.77 0.65 0.36 KLSE FINANCIAL FTSE BUR M’SIA ACE 0.62 0.10 KLSE PROPERTY 1,160.99 2.95 0.25 FTSE BUR EMAS SHARIAH 11,828.64 42.46 KLSE PLANTATION 6,945.61 12.91 0.19 FTSE BUR HIJRAH SHARIAH 13,489.04 44.42 0.33 498.50 Unch Unch 8,044.02 -58.37 -0.72 KLSE MINING FTSE/ASEAN 40 Bursa Malaysia Main Market YEAR HIGH YEAR LOW DAY HIGH CONSUMER PRODUCTS 0.745 0.550 0.630 4.334 2.995 4.000 6.590 4.930 6.320 0.600 0.220 — 5.014 4.050 4.720 3.700 1.400 — 4.390 3.080 3.500 71.775 56.740 62.340 0.145 0.045 0.060 0.220 0.015 — 1.221 0.680 0.810 1.280 0.708 0.990 0.595 0.340 0.520 0.445 0.230 — 13.732 9.825 11.900 0.975 0.720 — 2.970 1.708 2.770 0.620 0.400 — 3.110 0.980 — 0.120 0.050 0.050 2.630 1.263 2.490 1.360 1.056 1.230 0.120 0.065 0.115 0.080 0.040 0.050 1.111 0.757 — 48.000 39.447 47.200 0.185 0.065 0.080 0.170 0.085 — 0.285 0.165 0.200 0.290 0.170 0.235 2.266 1.750 — 0.277 0.167 0.210 1.000 0.620 — 18.891 14.956 18.420 0.830 0.475 — 1.685 0.934 — 0.580 0.300 — 0.957 0.595 — 14.980 11.750 13.600 1.220 0.720 0.870 2.822 2.070 — 1.130 0.930 — 0.175 0.040 0.090 7.099 3.717 5.740 1.180 0.415 0.995 0.552 0.304 0.445 3.500 2.650 3.000 1.377 0.724 1.230 0.590 0.340 0.380 3.161 1.341 2.070 1.070 0.596 0.925 1.170 0.385 0.680 3.680 1.766 3.190 2.830 1.284 2.380 0.545 0.095 — 0.935 0.450 0.700 2.744 1.800 — 1.500 0.920 — 0.155 0.075 — 7.500 3.014 7.000 4.650 2.336 4.650 0.285 0.130 0.150 0.405 0.150 0.285 7.250 2.210 6.980 0.925 0.550 0.770 2.388 1.187 1.580 4.800 2.364 4.570 0.255 0.080 0.105 1.878 1.160 1.350 1.330 0.860 — 1.417 1.046 — 5.357 4.620 — 0.250 0.065 0.105 1.595 1.100 — 73.817 63.743 72.960 2.735 2.201 — 0.245 0.080 0.090 0.445 0.212 0.265 0.810 0.592 — 1.603 0.583 1.500 7.863 6.355 7.000 1.777 1.252 1.390 22.219 16.951 20.660 0.747 0.577 — 0.305 0.200 0.210 0.630 0.275 — 1.350 0.755 — 0.375 0.165 0.195 0.595 0.352 0.440 3.290 1.085 3.230 15.974 13.212 15.700 0.622 0.463 0.500 2.730 0.929 2.460 1.560 0.990 1.150 2.476 1.258 2.320 4.255 3.031 4.200 1.710 1.000 — 2.800 1.295 — 0.585 0.365 0.470 0.700 0.340 — 0.700 0.320 0.640 1.660 0.685 1.470 3.270 1.465 2.400 0.080 0.040 — 2.190 1.710 1.960 0.864 0.730 — 0.659 0.365 0.445 0.680 0.280 0.350 0.740 0.455 — 4.517 2.262 2.500 0.701 0.355 0.470 2.220 1.060 1.440 1.625 1.250 — 0.628 0.445 0.540 0.625 0.350 0.510 11.856 7.602 7.810 1.796 1.337 1.540 0.600 0.408 0.600 0.195 0.084 0.125 0.670 0.220 0.510 0.690 0.327 0.570 2.214 1.220 1.680 0.365 0.190 — 1.170 0.766 0.995 3.490 1.165 2.380 2.348 1.390 1.530 INDUSTRIAL PRODUCTS 1.260 0.717 1.000 0.210 0.110 0.130 0.640 0.324 0.525 0.650 0.240 0.310 1.070 0.760 0.930 2.520 1.772 — * Volume Weighted Average Price DAY LOW 0.610 3.950 6.280 — 4.720 — 3.500 61.020 0.050 — 0.720 0.980 0.520 — 11.860 — 2.730 — — 0.050 2.410 1.200 0.110 0.050 — 47.200 0.075 — 0.195 0.225 — 0.205 — 18.300 — — — — 13.500 0.870 — — 0.070 5.650 0.970 0.435 3.000 1.200 0.360 2.000 0.910 0.665 3.110 2.370 — 0.685 — — — 6.970 4.300 0.140 0.275 6.920 0.740 1.520 4.430 0.095 1.310 — — — 0.095 — 72.000 — 0.085 0.245 — 1.500 7.000 1.380 20.600 — 0.210 — — 0.190 0.435 3.160 15.020 0.490 2.340 1.140 2.260 3.990 — — 0.450 — 0.625 1.450 2.370 — 1.890 — 0.430 0.350 — 2.400 0.465 1.390 — 0.540 0.500 7.730 1.540 0.560 0.120 0.490 0.515 1.650 — 0.900 2.300 1.510 0.990 0.130 0.525 0.300 0.930 — CODE 7120 7090 2658 7051 6432 7722 7129 4162 7243 7193 9288 7174 7154 7128 2836 7035 7148 9423 2828 5188 7205 7202 5214 7179 7119 3026 7198 7182 5091 9091 7149 7208 7094 3689 9776 2755 8605 9172 3255 5102 5606 5606PA 5187 3301 5160 7213 7141 5024 8478 5107 7152 8931 5247 7216 8303 6203 7062 0002 5172 7006 9385 7943 8079 7089 7126 7085 7087 5189 3662 7935 5886 5202 5150 3921 4707 7060 7139 7215 5066 7107 4006 7052 3719 5022 9407 6068 5231 4081 5080 7088 4065 7190 8966 7134 7237 7084 9946 5252 5157 7180 7165 7412 7246 8532 7103 7186 7082 7211 7071 4405 7200 7252 9369 7230 7176 4588 7757 7203 5156 7121 5155 5584 7184 5159 7178 5131 0012 7086 7061 7131 7191 9148 COUNTER ACOSTEC AHEALTH AJI AMTEK APOLLO ASIABRN ASIAFLE BAT BIOOSMO BIOSIS BONIA CAB CAELY CAMRES CARLSBG CCK CCMDBIO CHEEWAH CIHLDG CNOUHUA COCOLND CSCENIC CSL DBE DEGEM DLADY DPS EKA EKOWOOD EMICO ENGKAH EURO EUROSP F&N FARMBES FCW FFHB FPI GAB GCB GOLDIS GOLDIS-PA HBGLOB HLIND HOMERIZ HOVID HUATLAI HUPSENG HWATAI IQGROUP JAYCORP JERASIA KAREX KAWAN KFM KHEESAN KHIND KOTRA KSTAR LATITUD LAYHONG LCHEONG LEESK LIIHEN LONBISC LTKM MAGNI MAXWELL MFLOUR MILUX MINTYE MSM MSPORTS MWE NESTLE NHFATT NICE NIHSIN NTPM OFI ORIENT PADINI PANAMY PAOS PARAGON PCCS PELIKAN PMCORP POHKONG POHUAT PPB PPG PRLEXUS PW PWROOT QL REX SASBADI SAUDEE SERNKOU SGB SHH SIGN SINOTOP SPRITZER SWSCAP SYF TAFI TAKASO TCHONG TEKSENG TEOSENG TGL TOMEI TPC UMW UPA WANGZNG XDL XIANLNG XINQUAN YEELEE YEN YOCB YSPSAH ZHULIAN 3A ABLEGRP ABRIC ACME ADVENTA ADVPKG CLOSING (RM) 0.630 3.950 6.320 0.230 4.720 1.460 3.500 61.920 0.055 0.020 0.785 0.990 0.520 0.330 11.900 0.770 2.770 0.620 1.710 0.050 2.410 1.220 0.110 0.050 0.880 47.200 0.075 0.145 0.195 0.230 1.990 0.205 0.705 18.420 0.550 1.060 0.430 0.690 13.520 0.870 2.210 0.990 0.085 5.700 0.990 0.445 3.000 1.220 0.380 2.050 0.925 0.680 3.160 2.380 0.145 0.700 2.000 1.010 0.075 7.000 4.450 0.150 0.285 6.980 0.770 1.530 4.570 0.105 1.330 0.915 1.220 4.900 0.100 1.200 72.960 2.300 0.090 0.250 0.740 1.500 7.000 1.380 20.660 0.670 0.210 0.415 0.920 0.195 0.435 3.220 15.560 0.500 2.440 1.140 2.310 4.130 1.500 2.560 0.470 0.645 0.640 1.470 2.390 0.045 1.910 0.770 0.445 0.350 0.500 2.420 0.465 1.420 1.250 0.540 0.510 7.790 1.540 0.600 0.125 0.490 0.565 1.670 0.190 0.980 2.350 1.530 0.990 0.130 0.525 0.300 0.930 1.990 +/– (RM) VOL (‘000) VWAP* (RM) PE# (X) DY (%) MKT CAP (MIL) 0.040 238 UNCH 4.3 0.040 22.6 — — -0.010 1.8 — — UNCH 3 0.420 224 UNCH 900.7 — — 0.065 12825.1 -0.010 10.4 UNCH 1.1 — — 0.060 387.7 — — 0.030 52.5 — — — — -0.005 10 -0.090 2 0.010 68.9 UNCH 514.8 UNCH 50 — — UNCH 0.1 -0.005 1018.3 — — -0.010 64.4 UNCH 788 — — -0.005 279.1 — — UNCH 1.4 — — — — — — — — 0.020 25.7 0.035 1.9 — — — — 0.015 256 -0.040 266.2 0.020 1377 0.005 596 UNCH 9 -0.010 408.7 0.015 63.7 -0.020 289.3 -0.010 61.5 -0.010 32.8 -0.030 823.7 UNCH 112.1 — — 0.005 59.6 — — — — — — -0.090 53.8 0.150 199.7 -0.005 5.1 0.005 1631.8 0.050 70.2 0.035 66.2 UNCH 44.3 0.130 94.2 0.010 324.2 0.010 98.8 — — — — — — UNCH 4225.7 — — 0.220 9.6 — — UNCH 0.5 0.010 1555.9 — — -0.050 58 UNCH 2 -0.010 142.3 0.060 19.8 — — UNCH 2 — — — — UNCH 407.6 -0.005 201.1 -0.010 198 0.360 775.5 0.030 25 0.100 543.4 UNCH 16.7 UNCH 258 0.120 750.3 — — — — UNCH 507.5 — — UNCH 890.1 UNCH 111 -0.010 365.4 — — 0.010 64.1 — — 0.005 1322.1 0.030 300 — — -0.080 20.5 -0.005 22 UNCH 448 — — UNCH 0.3 0.030 36 0.020 1147.8 -0.010 1 0.055 17 UNCH 195.8 -0.010 514.6 0.055 1044.7 UNCH 52.6 — — 0.070 2992.2 -0.020 67.9 UNCH 17.7 0.560 0.000 4.604 — 5.640 — 4.239 62.855 0.176 — 3.399 0.575 0.433 — 12.303 — 2.599 — — 0.080 2.192 1.110 0.199 0.070 — 48.592 0.095 — 0.245 1.000 — 0.340 — 18.260 — — — — 16.231 1.388 — — 0.166 5.229 0.567 0.340 0.000 6.066 0.390 0.544 0.585 0.000 3.250 1.280 — 0.503 — — — 1.553 0.000 0.000 0.000 1.650 0.696 2.636 2.282 0.292 1.465 — — — 0.174 — 68.567 — 0.135 0.156 — 2.311 8.629 1.769 22.684 — 0.000 — — 0.258 0.464 0.837 14.816 0.570 1.000 0.711 1.828 4.165 — — 0.229 — 0.000 0.000 1.371 — 1.802 — 0.000 0.300 — 6.522 0.000 0.600 — 0.657 0.369 12.391 1.330 0.000 0.329 0.230 0.830 1.310 — 0.871 1.336 4.939 331.58 14.48 12.08 — 12.28 — 12.09 19.94 — — 13.65 9.75 13.68 9.43 18.36 13.46 14.35 9.01 22.62 — 13.95 14.99 1.74 — 7.10 23.55 21.43 — — 5.13 29.66 52.56 — 23.58 — 107.07 14.29 36.32 19.07 — 10.67 — — 10.15 13.43 16.06 4.62 20.93 — 8.86 16.03 5.62 33.05 18.45 — 12.30 9.14 126.25 — 8.53 11.43 — 10.22 11.33 9.58 7.69 8.59 3.76 14.57 — 22.39 12.00 4.05 18.90 30.54 12.76 — 59.52 16.93 14.78 13.37 11.33 11.65 46.53 — — — 51.32 13.06 10.00 18.05 13.16 12.21 8.06 14.59 26.98 555.56 22.52 — 35.83 — 11.16 7.92 75.00 11.55 — 11.99 50.00 — 30.91 15.92 8.52 11.16 — 8.40 17.91 7.61 6.94 9.40 49.00 1.24 13.07 — 8.40 13.69 15.53 — 2.78 3.16 — 5.30 0.34 4.29 5.04 — — 1.59 — 1.92 — 5.97 2.60 5.32 — — — 2.07 6.56 — — 1.70 2.12 — — — — 3.27 — — 2.99 — 4.72 — 4.35 4.77 — 0.90 — — 5.09 4.27 2.25 — 2.87 — 3.90 3.78 — — 0.84 — — 5.00 — — — — — — 2.94 — 3.81 1.75 — 4.14 — 2.46 4.90 — 1.11 3.29 4.35 — 2.00 0.99 2.33 1.71 7.25 2.42 3.73 — — — — 2.30 3.42 1.54 4.00 1.13 7.02 3.03 1.03 — 1.17 — — — 1.36 1.67 — 2.09 1.30 — — — 2.07 2.15 2.35 6.00 1.85 — 5.26 5.19 4.17 — — 3.54 1.80 — 4.08 2.77 4.58 112.0 462.7 384.2 11.5 377.6 115.5 668.0 17,680.0 27.4 2.1 632.9 149.1 41.6 64.0 3,666.1 121.4 772.7 26.1 277.0 33.4 413.6 147.0 136.7 33.7 117.9 3,020.8 44.1 45.2 32.8 22.1 140.8 49.8 31.3 6,753.6 33.6 265.0 35.6 170.7 4,084.4 416.3 1,349.2 451.2 39.8 1,869.1 297.0 350.5 259.8 976.0 28.4 180.5 127.0 55.8 2,111.7 484.6 9.9 62.5 80.1 133.6 20.0 680.5 228.9 9.9 47.8 418.8 143.6 199.1 495.8 42.0 715.8 49.8 74.2 3,444.6 51.8 277.9 17,109.1 172.9 25.1 59.2 831.2 360.0 4,342.8 907.9 1,255.0 80.9 14.7 24.9 509.0 150.8 178.5 365.1 18,446.4 50.0 282.8 86.1 701.7 5,154.4 92.5 325.1 42.3 77.4 66.9 73.5 286.8 88.9 271.5 97.4 272.0 28.0 102.8 1,626.2 116.5 426.0 50.9 74.8 40.8 9,101.0 122.6 96.0 168.5 35.6 191.0 305.5 23.8 156.8 316.1 703.8 0.893 0.142 0.280 0.430 1.061 — 19.57 76.47 — 9.38 39.08 14.36 1.41 — — — — 5.03 389.7 34.3 73.8 65.5 142.1 40.8 -0.005 UNCH UNCH -0.020 UNCH — 65.6 179.2 41 54 10 — # PE is calculated based on latest 12 months reported Earnings Per Share YEAR LOW DAY HIGH DAY LOW 0.222 0.115 0.115 0.115 0.560 0.325 — — 0.400 0.265 — — 2.820 1.928 2.600 2.580 1.120 0.200 — — 0.792 0.572 0.705 0.690 0.616 0.335 0.360 0.355 1.307 0.710 0.750 0.750 1.300 0.942 1.150 1.150 5.743 3.924 — — 0.716 0.400 — — 0.880 0.560 — — 0.215 0.100 0.120 0.120 0.945 0.480 — — 2.600 1.600 2.150 2.120 0.925 0.285 — — 0.150 0.090 0.095 0.095 1.758 0.980 1.120 1.100 2.500 2.000 2.420 2.400 1.280 0.673 1.280 1.190 0.670 0.320 0.370 0.365 0.315 0.175 — — 0.455 0.115 0.325 0.305 2.893 1.902 2.340 2.330 0.286 0.109 0.120 0.115 2.419 1.630 1.830 1.750 1.109 0.823 — — 1.544 1.004 1.320 1.310 1.860 1.380 — — 1.600 1.140 — — 1.740 1.300 1.400 1.400 1.774 1.400 — — 1.230 0.836 — — 0.110 0.055 0.070 0.065 5.977 3.243 5.250 5.140 1.290 0.200 0.315 0.290 4.835 1.593 1.900 1.850 0.405 0.150 0.295 0.270 0.945 0.600 0.735 0.720 1.126 0.880 0.950 0.940 0.790 0.491 — — 0.440 0.275 — — 4.551 3.962 4.400 4.250 0.475 0.180 0.320 0.300 0.575 0.265 0.440 0.425 0.405 0.250 — — 0.430 0.340 — — 0.920 0.660 0.825 0.795 1.562 0.929 1.190 1.150 2.181 1.164 1.350 1.330 0.450 0.220 0.325 0.315 0.880 0.455 0.645 0.625 1.610 1.000 1.170 1.170 0.340 0.190 0.235 0.205 0.903 0.600 — — 2.070 0.475 1.970 1.890 1.083 0.427 0.720 0.695 1.363 0.945 — — 3.235 2.189 2.460 2.450 0.605 0.355 — — 2.904 2.020 — — 1.860 0.976 1.860 1.800 2.239 1.243 — — 1.070 0.455 0.925 0.900 0.100 0.040 0.050 0.045 0.655 0.205 0.295 0.295 0.135 0.064 0.085 0.085 0.700 0.285 — — 0.475 0.180 0.205 0.200 0.145 0.070 0.095 0.085 1.320 0.883 0.955 0.955 0.905 0.320 0.530 0.515 4.670 3.226 4.670 4.410 0.255 0.165 0.175 0.170 3.560 2.650 — — 1.250 0.356 1.220 1.190 0.955 0.625 0.850 0.835 0.812 0.230 0.275 0.255 1.510 0.620 0.695 0.680 1.360 0.755 0.950 0.950 1.040 0.530 0.780 0.750 0.440 0.310 — — 0.155 0.050 0.055 0.055 4.920 2.986 3.280 3.220 0.205 0.065 0.075 0.070 0.970 0.760 0.795 0.795 1.950 1.170 1.590 1.560 0.530 0.250 — — 0.139 0.045 0.065 0.060 0.265 0.135 0.145 0.145 0.460 0.150 0.195 0.190 1.280 0.920 1.010 0.980 1.606 1.210 1.590 1.550 2.157 1.060 1.240 1.200 0.340 0.145 0.180 0.170 0.504 0.360 — — 0.710 0.430 0.485 0.485 3.220 2.730 3.110 3.100 2.260 1.031 1.970 1.950 0.270 0.110 0.135 0.130 2.290 1.174 1.510 1.490 0.917 0.379 0.495 0.475 1.260 0.902 1.090 1.080 0.660 0.355 0.400 0.370 7.500 4.142 7.360 7.290 0.600 0.250 — — 6.256 4.320 4.960 4.880 0.779 0.330 — — 0.780 0.420 — — 10.612 8.306 9.200 8.800 0.807 0.400 0.515 0.500 0.699 0.213 0.645 0.635 0.620 0.420 0.430 0.425 0.225 0.110 0.130 0.120 0.080 0.030 0.040 0.040 0.139 0.070 0.075 0.070 0.665 0.220 0.300 0.290 0.340 0.180 0.190 0.185 0.120 0.065 0.085 0.080 4.250 2.648 3.480 3.400 1.036 0.330 0.400 0.380 0.884 0.510 — — 0.480 0.320 — — 0.900 0.660 — — 0.440 0.190 0.230 0.230 1.010 0.515 — — 1.470 1.091 — — 0.985 0.105 — — 2.100 1.640 1.970 1.830 1.220 0.355 0.980 0.955 0.175 0.060 0.065 0.065 1.920 0.700 1.210 1.150 0.700 0.300 — — 3.330 2.090 2.300 2.300 2.354 1.040 1.170 1.170 1.626 0.855 0.985 0.915 0.410 0.210 — — 1.160 0.120 — — 0.160 0.100 — — 0.705 0.470 0.500 0.500 0.180 0.045 — — 1.080 0.515 0.845 0.830 1.404 0.848 0.920 0.905 0.135 0.050 — — 6.547 4.519 6.080 5.990 0.609 0.375 0.590 0.535 4.674 3.448 4.370 4.350 0.330 0.045 0.145 0.145 23.670 20.194 22.100 21.720 3.230 2.300 3.020 2.960 7.030 5.007 6.660 6.500 1.506 0.781 — — 3.428 1.400 2.090 2.050 1.090 0.900 — — 0.510 0.335 — — 0.920 0.535 0.770 0.770 0.380 0.290 — — 0.610 0.384 0.420 0.420 0.876 0.450 0.625 0.620 0.275 0.110 0.130 0.125 1.800 1.130 — — 0.790 0.620 — — 6.300 4.960 6.300 6.250 0.370 0.240 — — 0.850 0.548 0.740 0.720 CODE 7146 5198 2682 7609 9954 2674 4758 6556 5568 5015 7214 7162 7070 7181 8133 7005 7187 0168 6297 5100 9938 7221 7188 5105 5229 7076 2879 7171 8435 8044 5007 5797 8052 7018 2852 7986 5071 7195 2127 5094 7157 5082 8125 8176 7114 5835 5835PA 5265 7169 1619 7233 8907 9016 7217 7773 5101 7249 2984 7229 0149 3107 5197 3611 7197 5220 7192 7096 5649 0136 7077 3247 5151 5168 9342 7105 5095 3298 5072 5199 7033 8443 5165 2739 5000 9601 9687 7222 7183 7223 8648 2747 7043 7167 4383 0054 7199 6211 3522 5371 5060 9466 7164 6971 7017 7153 7130 3476 5192 8362 3794 9326 5092 5232 8745 3581 2887 4235 9881 5068 9199 5098 7029 8095 5152 3778 5223 8192 7059 6149 5001 7219 5576 7595 5916 3883 7004 5087 7002 5025 4944 7109 7140 5065 7225 5183 9997 5436 5146 6033 3042 7095 7172 8869 6637 8117 8273 9458 9873 7168 7123 7544 7498 7765 7232 7803 COUNTER AEM AFUJIYA AISB AJIYA AKNIGHT ALCOM ANCOM ANNJOO APB APM ARANK ASTINO ASUPREM ATURMJU BHIC BIG BKOON BOILERM BOXPAK BPPLAS BRIGHT BSLCORP BTM CANONE CAP CBIP CCM CENBOND CEPCO CFM CHINWEL CHOOBEE CICB CME CMSB CNASIA COASTAL COMCORP COMFORT CSCSTEL CYL CYMAO DAIBOCI DENKO DNONCE DOLMITE DOLMITE-PA DOLPHIN DOMINAN DRBHCOM DUFU EG EKSONS EMETALL EPMB EVERGRN EWEIN FACBIND FAVCO FIBON FIMACOR FLBHD GBH GESHEN GLOTEC GOODWAY GPA GPHAROS GREENYB GSB GUH HALEX HARTA HARVEST HCK HEVEA HEXZA HIAPTEK HIBISCS HIGHTEC HIL HOKHENG HUAAN HUMEIND HWGB IDEALUBB IMASPRO IRETEX JADI JASKITA JAVA JMR JOHOTIN JTIASA KARYON KEINHIN KIALIM KIANJOO KIMHIN KINSTEL KKB KNM KOBAY KOMARK KOSSAN KPOWER KSENG KSSC KYM LAFMSIA LBALUM LCTH LEONFB LEWEKO LIONCOR LIONDIV LIONIND LSTEEL LUSTER LYSAGHT MASTEEL MASTER MAYPAK MBL MELEWAR MENTIGA MERCURY METALR METROD MIECO MINETEC MINHO MLGLOBAL MSC MUDA MULTICO MYCRON NAKA NWP NYLEX OCTAGON OKA ORNA PA PCHEM PENSONI PERSTIM PERWAJA PETGAS PETRONM PIE PMBTECH PMETAL PNEPCB POLY PPHB PREMIER PRESTAR PRG PWORTH QUALITY RALCO RAPID RESINTC RUBEREX CLOSING (RM) 0.115 0.370 0.300 2.600 0.410 0.700 0.360 0.750 1.150 4.020 0.455 0.640 0.120 0.590 2.150 0.350 0.095 1.110 2.420 1.250 0.365 0.205 0.305 2.340 0.120 1.830 0.930 1.320 1.450 1.420 1.400 1.530 0.900 0.070 5.220 0.315 1.900 0.290 0.730 0.950 0.745 0.300 4.390 0.320 0.440 0.280 0.430 0.825 1.170 1.350 0.325 0.630 1.170 0.225 0.685 1.950 0.720 0.970 2.460 0.385 2.330 1.830 1.410 0.910 0.045 0.295 0.085 0.330 0.205 0.085 0.955 0.520 4.650 0.175 3.050 1.210 0.845 0.255 0.685 0.950 0.780 0.400 0.055 3.260 0.075 0.795 1.560 0.275 0.060 0.145 0.195 0.980 1.560 1.240 0.180 0.445 0.485 3.110 1.950 0.130 1.510 0.490 1.090 0.375 7.350 0.470 4.960 0.410 0.500 8.920 0.515 0.640 0.430 0.125 0.040 0.075 0.295 0.190 0.085 3.400 0.395 0.620 0.400 0.710 0.230 0.520 1.110 0.200 1.970 0.965 0.065 1.190 0.365 2.300 1.170 0.985 0.280 0.125 0.120 0.500 0.070 0.845 0.910 0.060 6.060 0.590 4.360 0.145 21.800 2.990 6.500 0.955 2.070 1.000 0.380 0.770 0.360 0.420 0.625 0.125 1.500 0.750 6.300 0.245 0.735 +/– (RM) VOL (‘000) -0.005 6 — — — — UNCH 17.2 — — 0.030 170.5 UNCH 29.3 -0.010 10 UNCH 10.1 — — — — — — UNCH 831.9 — — 0.030 48.1 — — UNCH 90 UNCH 40 0.020 6 0.060 1054.5 -0.005 90.8 — — -0.015 1600.9 UNCH 45.6 0.005 19825.2 0.030 123.8 — — -0.010 23.7 — — — — -0.010 47.2 — — — — 0.005 215 UNCH 1284.3 0.015 5.1 0.020 177 0.020 5353 -0.005 331 0.010 25 — — — — 0.060 27 0.005 554.6 0.005 401.6 — — — — 0.035 1319.6 0.010 176.3 0.010 514.4 0.005 473.3 0.010 359.7 UNCH 13 -0.040 169 — — 0.060 2985.2 0.005 80.1 — — 0.010 140.8 — — — — 0.030 975.1 — — -0.010 143.4 UNCH 1432 0.045 0.1 UNCH 8 — — UNCH 1508.1 -0.005 543 0.010 95.8 -0.010 271.5 0.280 3359.1 UNCH 319 — — 0.020 1669.1 0.010 329 -0.020 133 UNCH 10646.2 UNCH 0.6 0.055 23 — — UNCH 14 -0.050 35.4 0.005 204.1 UNCH 0.3 -0.020 49 — — UNCH 1367 UNCH 156.9 0.005 20 -0.160 93.5 UNCH 108.2 0.010 579.3 UNCH 118.1 — — -0.005 10 UNCH 22 UNCH 57.5 UNCH 480 -0.010 265.1 0.005 21156.9 0.020 11.2 -0.015 287.9 0.060 805.9 — — 0.060 17.3 — — — — -0.070 1630.9 0.010 548.8 0.005 1639.8 UNCH 180 -0.010 688.2 UNCH 58.3 UNCH 358.1 -0.005 188.6 UNCH 20.3 UNCH 1142 UNCH 9 0.010 1379.4 — — — — — — UNCH 0.1 — — — — — — -0.130 5.5 0.005 2796.1 -0.005 1285.2 0.010 1835 — — UNCH 2 UNCH 5 0.065 1.1 — — — — — — -0.020 17.5 — — 0.010 178.2 -0.015 27.7 — — 0.040 2255.4 0.055 1305.4 -0.030 7.6 UNCH 764 0.080 1977 -0.010 64.8 UNCH 25 — — -0.020 779.7 — — — — UNCH 10 — — -0.005 4.6 UNCH 235 -0.005 973.2 — — — — 0.050 209 — — 0.020 99.8 VWAP* (RM) PE# (X) DY (%) 0.210 39.66 — 30.08 — — 2.206 10.10 — — 1.000 — 0.373 36.73 1.137 750.0 0.000 10.23 — 9.41 — 5.85 — 8.71 0.185 — — — 2.741 22.73 — — 0.155 — 2.483 17.08 2.405 11.86 0.647 20.06 1.342 — — — 0.210 — 3.629 4.60 0.370 2.31 3.176 11.22 — — 1.631 10.50 — 24.13 — — 1.354 8.77 — 11.88 — — 0.060 14.89 5.900 25.45 0.000 — 3.192 5.26 0.000 31.87 0.414 25.70 1.299 94.06 — 12.87 — — 4.042 20.51 0.300 11.90 0.000 3.18 — 9.52 — — 0.000 3.40 0.951 8.41 2.568 15.12 0.195 5.90 0.336 1.83 1.267 4.24 0.300 — — 8.10 0.474 14.63 1.002 43.37 — 16.44 3.009 6.05 — 10.29 — 7.95 1.001 9.56 — 3.48 0.240 7.78 0.055 — 0.000 — 0.085 — — — 0.239 18.47 0.090 — 1.002 13.62 0.000 23.96 7.383 34.42 0.219 — — 16.74 0.911 10.49 0.672 12.07 0.719 79.69 2.033 — 1.040 5.36 0.000 10.05 — 34.19 0.142 — 1.233 27.49 0.211 — 1.000 — 0.000 12.47 — — 0.000 — 0.150 14.50 0.000 — 0.797 153.13 1.762 7.73 2.390 34.83 0.359 10.29 — 11.56 0.000 3.81 3.204 10.07 1.250 10.41 0.155 1.46 2.679 9.06 0.430 13.69 0.000 6.86 0.605 — 3.703 28.13 — — 7.467 10.72 — 11.88 — — 9.834 31.21 0.530 9.70 0.221 13.68 0.474 5.22 0.175 — 0.095 — 0.205 — 0.761 — 0.290 — 0.091 — 0.000 8.33 1.078 — — 7.58 — — — 13.47 0.231 — — 9.45 — 8.92 — — 1.820 14.04 0.335 7.24 0.165 — 0.000 8.54 — 1.69 0.000 — 0.911 22.37 1.685 26.13 — 11.24 — — — — 0.530 13.05 — — 0.912 8.36 0.747 7.81 — — 6.740 20.71 0.558 4.35 3.869 9.37 0.127 — 23.904 19.10 3.040 10.91 6.873 12.23 — 11.07 2.358 11.98 — 769.2 — 12.71 1.000 6.44 — 138.46 0.492 7.61 0.000 17.76 0.236 22.32 — — — 11.40 3.770 — — 5.95 0.766 16.26 — — — 0.77 — 7.14 — 4.00 5.65 4.85 4.95 4.55 — — — — — 1.58 — 4.80 — — — 2.14 — 3.28 2.69 4.55 — — 4.17 3.92 1.94 — 1.63 — 3.05 — — 3.16 6.71 — 3.08 — — — — — 3.53 4.44 — — — — 5.84 — 0.69 2.89 4.88 2.86 4.29 4.92 10.64 — — — — — 5.37 — 5.24 — 1.40 — — 0.93 4.73 2.35 — 3.68 1.92 — — 0.92 — — 2.24 — — 2.07 — 3.06 2.24 1.21 2.22 2.25 — — 3.08 — 2.65 — 2.75 — 1.09 — 2.02 4.88 — 3.59 3.88 0.78 6.98 — — — — — — — 1.65 4.03 — 4.23 — — 5.41 — 3.05 — — — — — 2.56 8.12 — — — 6.00 — 3.55 2.75 — 2.64 4.24 8.03 — 1.97 — 1.85 4.19 5.07 — — — — 4.76 1.60 — — — — — 2.04 MKT CAP (MIL) 21.0 66.6 39.6 180.0 23.8 94.0 78.8 392.0 129.8 810.4 54.6 175.4 35.0 36.0 534.2 16.8 26.3 572.8 145.3 234.6 60.0 20.1 38.0 449.6 139.4 985.0 425.6 158.4 64.9 58.2 419.3 168.2 41.2 30.9 5,608.2 14.3 1,010.0 40.6 326.5 361.0 74.5 22.5 499.8 33.4 19.8 73.8 5.3 183.2 193.1 2,609.9 57.0 48.6 192.1 38.5 113.7 1,000.4 151.9 82.6 538.5 37.7 571.5 188.9 263.1 72.8 242.2 32.6 83.3 44.4 68.4 37.4 265.4 55.1 7,630.0 49.1 169.1 508.5 169.3 183.2 671.9 38.6 217.4 32.0 61.7 1,561.8 45.1 55.8 124.8 36.4 56.5 65.2 33.8 124.2 145.6 1,207.4 85.6 44.1 30.0 1,381.4 303.5 136.4 389.3 961.5 74.2 46.7 4,700.1 26.5 1,792.9 39.4 74.9 7,579.3 128.0 230.4 133.3 40.2 52.6 104.4 211.8 24.3 147.2 141.4 96.6 33.9 16.8 65.3 52.2 36.4 44.6 9.6 236.4 202.7 43.2 130.7 32.7 230.0 356.9 43.7 79.4 6.9 38.4 97.2 11.9 131.6 68.5 56.8 48,480.0 76.5 433.0 81.2 43,136.4 807.3 499.3 76.4 2,688.6 65.7 60.8 84.6 121.3 76.4 90.7 60.3 86.9 31.5 550.9 33.6 168.5 34 Markets M ON DAY SEP TEM B ER 28, 2 0 1 5 • TH EEDGE F I N AN C I AL DAI LY MO BURSA MAL AYSIA MAIN MARKET YEAR HIGH YEAR LOW DAY HIGH DAY LOW 4.838 3.154 — — 5.750 2.170 5.540 5.200 1.425 0.800 0.870 0.870 1.553 1.130 1.370 1.340 2.610 0.977 2.540 2.490 1.230 0.700 0.810 0.775 7.620 6.348 7.050 7.000 1.050 0.280 0.335 0.330 0.455 0.230 0.235 0.230 1.128 0.526 0.620 0.610 0.515 0.250 — — 0.780 0.370 — — 6.000 4.400 5.890 5.770 0.665 0.365 0.475 0.420 0.850 0.440 — — 1.580 0.560 1.360 1.340 1.730 0.478 1.710 1.670 0.845 0.581 0.720 0.720 1.005 0.540 — — 1.508 0.730 — — 0.596 0.200 0.255 0.245 2.281 1.500 1.560 1.550 1.979 1.300 1.360 1.360 1.680 0.521 1.510 1.400 2.670 1.539 2.030 1.990 3.884 3.115 3.780 3.680 0.450 0.240 0.275 0.260 1.160 0.370 0.495 0.490 15.886 14.020 — — 15.723 13.194 — — 0.260 0.080 — — 0.540 0.215 — — 1.500 0.700 — — 1.500 0.685 1.500 1.350 0.420 0.220 — — 2.390 1.650 1.770 1.770 2.201 1.600 1.700 1.700 0.895 0.640 0.650 0.650 2.060 1.146 2.060 2.020 2.300 1.660 1.760 1.750 8.550 4.078 8.100 7.920 0.773 0.530 — — 0.250 0.140 — — 1.696 1.208 1.590 1.580 4.438 1.370 4.180 4.010 0.971 0.641 — — 0.945 0.530 — — 1.480 0.396 1.480 1.410 1.757 1.127 1.230 1.210 0.445 0.260 — — 1.780 1.200 1.550 1.540 2.257 1.318 2.190 2.120 0.700 0.470 0.570 0.535 0.650 0.420 — — 2.460 1.880 2.150 2.130 1.324 0.895 1.020 0.975 2.640 1.110 1.300 1.250 1.363 0.800 0.850 0.845 0.360 0.170 — — 0.880 0.535 — — CONSTRUCTION 0.530 0.260 — — 0.762 0.505 0.655 0.635 1.463 0.540 0.670 0.660 0.925 0.510 0.580 0.570 0.698 0.330 0.425 0.420 1.294 0.860 0.940 0.925 1.476 0.950 0.990 0.970 1.879 1.475 — — 1.168 0.702 0.930 0.895 1.228 0.850 0.930 0.915 0.522 0.340 0.430 0.425 1.807 0.943 1.540 1.540 1.717 1.130 1.350 1.290 5.293 3.770 4.520 4.380 1.863 0.800 0.885 0.855 1.540 0.780 0.915 0.900 1.478 1.114 — — 1.490 1.180 — — 1.947 1.593 1.770 1.770 3.685 2.870 3.240 3.100 0.905 0.530 — — 1.180 0.375 1.130 1.070 0.555 0.300 0.330 0.320 1.220 0.740 0.850 0.850 1.505 1.050 1.220 1.190 1.500 1.060 — — 1.440 0.860 — — 0.550 0.305 0.365 0.360 1.336 0.508 1.030 1.000 0.415 0.190 0.230 0.220 2.160 0.840 1.060 0.995 3.082 1.478 2.010 1.980 1.009 0.450 0.470 0.465 1.695 1.220 1.400 1.400 2.043 1.219 1.700 1.630 0.260 0.115 0.130 0.125 4.685 3.000 3.310 3.310 1.050 0.477 0.780 0.765 1.320 0.980 1.200 1.160 0.530 0.300 0.380 0.375 0.535 0.265 — — 1.520 0.845 1.360 1.260 1.064 0.490 — — 2.031 1.083 1.380 1.310 1.100 0.555 0.580 0.555 0.410 0.225 0.255 0.250 TRADING SERVICES 0.666 0.150 0.215 0.210 0.781 0.315 0.460 0.420 3.763 2.600 2.810 2.710 0.250 0.120 0.175 0.170 2.900 0.765 1.350 1.300 7.248 4.220 5.300 4.870 1.360 0.365 0.495 0.485 0.085 0.020 0.025 0.020 11.312 9.590 10.000 10.000 1.869 1.540 1.670 1.660 0.240 0.090 0.230 0.225 1.918 0.765 0.935 0.895 0.225 0.105 0.120 0.120 3.376 2.730 2.920 2.830 4.896 4.450 — — 0.495 0.270 0.365 0.355 7.132 5.590 5.950 5.710 0.322 0.210 — — 1.429 0.705 0.930 0.920 0.794 0.375 0.410 0.395 0.450 0.193 0.280 0.260 7.097 6.364 6.400 6.400 2.927 1.890 2.100 2.060 0.591 0.345 0.365 0.360 3.218 1.960 2.180 2.180 0.869 0.630 — — 0.615 0.330 0.440 0.420 3.584 2.950 3.090 3.050 0.990 0.475 0.620 0.605 1.610 0.555 0.640 0.620 4.906 3.722 3.890 3.850 1.207 0.740 0.745 0.740 1.900 1.000 1.900 1.850 3.640 1.850 2.670 2.650 1.112 0.505 0.815 0.805 0.622 0.340 0.410 0.390 0.731 0.420 — — 0.120 0.060 0.065 0.065 1.040 0.650 — — 0.075 0.040 0.050 0.045 2.650 1.390 1.720 1.700 0.295 0.085 0.100 0.095 3.412 1.450 1.720 1.700 2.240 0.953 1.170 1.130 0.685 0.460 0.580 0.575 1.815 1.183 1.610 1.580 6.751 3.530 4.130 4.100 1.762 0.986 1.460 1.380 0.450 0.275 0.320 0.320 1.500 0.441 1.090 1.040 0.470 0.245 0.350 0.280 0.325 0.195 0.210 0.210 3.817 1.949 3.410 3.320 0.425 0.190 0.240 0.215 1.201 0.861 — — 1.451 1.062 — — 0.860 0.450 — — * Volume Weighted Average Price CODE COUNTER CLOSING (RM) +/– (RM) VOL (‘000) — 0.250 0.045 0.030 UNCH -0.010 UNCH -0.010 -0.010 -0.025 — — -0.090 -0.060 — UNCH -0.040 -0.075 — — -0.010 -0.020 UNCH 0.060 -0.020 UNCH UNCH -0.005 — — — — — 0.130 — -0.010 UNCH 0.010 0.010 -0.020 0.120 — — -0.020 0.130 — — 0.070 UNCH — -0.020 0.060 0.025 — -0.040 0.040 0.030 UNCH — — — 122 10 20 218.8 19.9 26.6 458 76 46 — — 27.5 6.2 — 2975.6 212.6 8 — — 15 7.6 14 14 3794.2 220.8 16 92.3 — — — — — 1607.6 — 2 5 0.2 232.1 25.5 2264.4 — — 17 375.8 — — 6746.3 80.5 — 6 372.5 29.3 — 13.1 1777.4 32.9 278.6 — — 5134 9822 7811 5170 7247 9237 4731 7239 7366 7073 5145 5163 4324 5181 7115 7155 7248 7132 7099 5665 7143 6904 7207 7235 7106 5012 4022 5149 4448 4448P 5178 7097 7439 9741 6378 7034 7374 7854 7285 5010 7113 7173 4359 7100 7133 7227 4995 6963 5142 7226 7111 7231 7050 7025 5009 4243 7245 5048 7020 7014 SAB SAM SAPIND SCABLE SCGM SCIB SCIENTX SCNWOLF SCOMIEN SEACERA SEALINK SEB SHELL SIGGAS SKBSHUT SKPRES SLP SMISCOR SMPC SSTEEL STONE SUBUR SUCCESS SUPERLN SUPERMX TAANN TADMAX TAS TASEK TASEK-PA TATGIAP TAWIN TECGUAN TECNIC TEKALA TGUAN TIENWAH TIMWELL TOMYPAK TONGHER TOPGLOV TOYOINK TURIYA UCHITEC ULICORP UMSNGB VERSATL VS WASEONG WATTA WEIDA WELLCAL WONG WOODLAN WTHORSE WTK WZSATU YILAI YKGI YLI 3.540 5.480 0.870 1.370 2.540 0.780 7.050 0.330 0.230 0.610 0.320 0.380 5.800 0.420 0.580 1.350 1.670 0.720 0.580 0.900 0.245 1.550 1.360 1.510 2.000 3.690 0.270 0.490 14.900 15.100 0.110 0.220 0.700 1.480 0.250 1.770 1.700 0.650 2.050 1.750 8.100 0.630 0.150 1.580 4.150 0.730 0.720 1.480 1.230 0.280 1.540 2.190 0.570 0.490 2.150 1.020 1.300 0.850 0.205 0.705 7007 7078 6173 5190 5932 8761 8591 7528 5253 8877 7047 7161 9261 5398 5226 5169 5169PA 5169PB 6238 3336 8834 4723 9083 3565 5171 9628 5129 5006 9571 5924 5085 5703 8311 7055 5070 7145 9598 5205 5263 9717 5054 5622 5042 9679 7028 2283 ARK AZRB BDB BENALEC BPURI BREM CRESBLD DKLS ECONBHD EKOVEST FAJAR FUTUTEC GADANG GAMUDA GBGAQRS HOHUP HOHUP-PA HOHUP-PB HSL IJM IREKA JAKS JETSON KEURO KIMLUN LEBTECH MELATI MERGE MITRA MTDACPI MUDAJYA MUHIBAH PESONA PLB PRTASCO PSIPTEK PTARAS SENDAI SUNCON SYCAL TRC TRIPLC TSRCAP WCT ZECON ZELAN 0.310 0.655 0.670 0.575 0.425 0.940 0.980 1.740 0.930 0.915 0.430 1.540 1.350 4.490 0.870 0.900 1.360 1.290 1.770 3.150 0.635 1.110 0.330 0.850 1.220 1.440 0.910 0.365 1.030 0.230 1.010 2.010 0.470 1.400 1.660 0.130 3.310 0.770 1.170 0.380 0.340 1.280 0.550 1.340 0.580 0.255 5238 5166 6599 7315 5099 5014 5115 0159 6351 7083 5194 5210 1481 6399 7048 7579 6888 5021 7251 7241 6998 5032 5248 3395 5196 4219 6025 1562 7036 9474 2771 5257 5245 2925 7117 7209 7016 5104 5136 5037 5184 0091 5141 5132 7212 7277 5908 5216 2097 5259 5036 7471 1368 0064 5081 5208 7189 AAX AEGB AEON AHB AIRASIA AIRPORT ALAM AMEDIA AMWAY ANALABS APFT ARMADA ASB ASTRO ATLAN AWC AXIATA AYS BARAKAH BHS BINTAI BIPORT BJAUTO BJCORP BJFOOD BJLAND BJMEDIA BJTOTO BORNOIL BRAHIMS BSTEAD CARIMIN CARING CCB CENTURY CHEETAH CHUAN CNI COMPLET COMPUGT CYPARK DAYA DAYANG DELEUM DESTINI DIALOG DKSH DSONIC EASTLND EATECH EDARAN EDEN EDGENTA EFFICEN EIG EITA EKIB 0.210 0.460 2.710 0.175 1.300 5.140 0.495 0.025 10.000 1.670 0.225 0.930 0.120 2.880 4.600 0.365 5.900 0.265 0.925 0.410 0.270 6.400 2.060 0.360 2.180 0.685 0.420 3.090 0.615 0.640 3.850 0.740 1.900 2.660 0.815 0.410 0.450 0.065 0.750 0.045 1.700 0.095 1.720 1.170 0.575 1.600 4.130 1.440 0.320 1.080 0.350 0.210 3.380 0.235 0.880 1.210 0.740 — — 0.020 456.3 UNCH 91.4 UNCH 387.5 -0.005 200 UNCH 18 -0.010 91 — — 0.020 1614 -0.015 56.7 UNCH 149.5 -0.010 30 0.050 972.8 0.070 4603 -0.020 587.3 -0.020 1163 — — — — UNCH 16.1 -0.130 10622.1 — — 0.020 4965.5 UNCH 986 0.035 0.2 0.030 166.4 — — — — 0.005 46 -0.010 815.6 0.010 20 -0.020 129.5 0.010 178.3 UNCH 51.5 0.180 5 -0.010 616.5 UNCH 127.3 -0.040 10 UNCH 316.1 UNCH 4228.6 UNCH 65.1 — — -0.080 158.3 — — -0.010 359.6 0.010 23 UNCH 933.8 -0.010 0.040 -0.090 UNCH -0.060 -0.160 UNCH UNCH UNCH 0.010 -0.005 0.015 UNCH -0.020 — 0.005 UNCH — -0.005 UNCH UNCH UNCH -0.030 UNCH UNCH — -0.020 0.040 0.010 0.005 -0.030 -0.020 0.040 -0.020 0.010 0.025 — -0.005 — UNCH -0.020 -0.005 -0.030 0.020 -0.010 0.010 -0.020 0.080 UNCH 0.040 UNCH -0.005 0.060 0.010 — — — 14264.9 228.6 2201.7 21 58153.6 1363.2 207.2 1094.2 0.2 7 25346.1 28657.9 195 3904.5 — 919.4 15506.4 — 244.1 455.9 3761.8 80 3045.6 1378.4 42.1 — 3.4 782.3 16429.9 107.3 30.6 24.2 281 17 459 17.3 — 30 — 950.6 1104.2 3580.2 182.4 75.3 419 8106.8 0.2 18527.3 74 383 1.8 25 5.8 4744.7 — — — # PE is calculated based on latest 12 months reported Earnings Per Share VWAP* (RM) PE# (X) DY (%) MKT CAP (MIL) YEAR HIGH — 15.97 2.586 9.95 1.447 14.12 1.541 8.69 0.870 18.14 0.491 — 5.621 9.98 0.299 — 0.430 35.94 0.893 23.11 — 25.00 — — 6.998 — 0.580 9.19 — — 0.320 25.47 0.420 22.97 0.636 18.90 — 2.04 — — 0.635 — 1.980 16.90 1.224 7.00 0.472 12.79 2.636 14.77 4.033 10.87 0.350 1.85 1.134 6.87 — 17.44 — — — — — — — — 2.939 0.57 — — 1.801 15.27 2.500 13.63 0.600 342.11 1.426 13.12 1.795 10.92 5.730 22.41 — 46.67 — 16.67 1.400 14.03 1.014 24.63 — 5.30 — — 1.368 12.35 1.682 9.31 — — 1.686 8.50 3.453 20.07 0.505 — — 18.28 1.876 7.81 1.259 18.51 0.904 18.49 0.000 11.05 — — — — 1.41 2.18 6.90 1.64 3.67 — 3.12 — — 4.92 — 5.26 — 1.67 — 1.45 1.50 3.47 — — — 3.23 5.88 1.99 2.50 5.42 — — 4.70 3.05 — — — — — 3.95 4.71 — 2.93 6.86 2.10 1.59 — 6.33 3.37 3.42 — 2.09 3.66 — 1.95 4.20 — — 4.65 1.79 — 2.35 — — 484.7 472.8 63.3 434.4 304.8 57.4 1,621.5 28.9 78.7 110.9 160.0 30.4 1,740.0 78.8 23.2 1,462.3 413.0 32.3 40.7 377.5 22.0 324.0 163.2 120.8 1,360.3 1,368.0 120.2 88.2 1,842.0 5.1 17.1 14.1 28.1 59.8 38.2 186.2 164.0 57.9 224.4 223.0 5,062.5 67.4 34.3 619.3 602.6 58.4 84.5 1,709.6 953.1 23.7 205.3 726.3 52.3 19.6 516.0 491.0 328.8 136.0 71.4 71.5 — 0.931 0.000 0.888 0.799 1.255 1.480 — 0.000 2.720 0.603 0.000 1.010 4.762 1.178 1.184 — — 1.930 5.810 — 0.522 0.000 1.180 1.845 — — 0.340 0.478 0.523 2.783 2.322 0.460 1.160 1.391 0.299 6.189 1.195 0.000 0.298 — 1.250 — 2.270 0.770 0.300 17.61 16.62 4.87 57.50 13.67 7.45 6.74 7.30 10.67 43.99 — 8.68 4.97 14.26 8.55 4.11 — — 12.44 14.84 — 30.33 — 64.39 7.68 58.30 13.75 6.36 6.68 — — 10.55 19.34 16.22 — 13.68 10.25 11.32 11.24 3.29 20.99 11.63 10.78 13.83 — 4.18 — 3.05 5.22 — 4.71 3.19 3.83 1.72 2.69 2.19 2.91 1.95 2.96 2.67 2.17 — 1.84 1.16 1.47 2.38 — — — — 3.11 — 3.02 — 3.23 — 8.91 1.99 2.13 7.14 5.42 — 5.44 1.62 — — 0.53 — 1.82 1.46 — — 14.2 316.7 203.6 466.8 92.5 324.7 169.3 161.3 497.6 782.7 141.9 139.9 298.7 10,802.5 340.1 310.6 11.2 27.0 1,031.3 11,254.7 108.5 486.6 62.0 852.3 366.7 196.5 109.2 24.5 661.4 53.3 557.9 945.4 298.4 127.8 559.5 41.2 538.7 596.0 1,512.7 121.7 163.4 83.2 64.0 1,608.7 69.1 215.4 1.040 — 0.344 — 15.101 20.67 0.000 13.67 2.412 — 8.659 12.24 1.512 9.74 0.089 — 12.480 17.25 1.730 13.80 0.311 — 3.968 — 0.140 — 2.917 26.94 — 24.06 0.277 10.58 6.719 20.92 — 11.42 1.392 8.24 1.312 — 0.320 8.74 0.000 22.98 1.535 11.23 0.525 2.12 1.679 3.79 — — 0.490 — 3.924 11.69 0.489 13.43 1.493 — 5.333 12.44 0.000 — 1.759 32.15 2.454 7.64 2.050 7.15 0.516 19.07 — 39.47 0.105 — — 83.33 0.050 — 2.457 7.84 0.381 — 5.370 9.19 4.279 8.09 0.371 27.25 2.979 28.83 6.572 12.02 9.405 44.04 0.480 2.12 0.000 17.70 0.000 109.38 0.336 — 2.565 15.09 0.146 23.74 — 10.39 — 11.47 — — — 10.87 1.85 — 2.31 1.48 — — 4.00 1.80 — 1.75 2.08 4.17 6.52 — 3.73 3.77 2.16 — — 3.44 4.71 2.78 1.95 — — 5.99 — — 5.45 — 1.05 — 4.91 3.05 1.27 4.62 4.00 — 2.94 — 4.07 5.98 — 1.31 2.30 1.04 — 0.93 — — 1.48 — 3.98 3.31 — 871.1 188.6 3,804.8 28.0 3,617.9 8,528.2 457.6 29.9 1,643.9 100.2 88.6 5,455.6 79.7 14,981.0 1,166.8 83.5 51,356.6 100.8 761.2 174.9 57.9 2,944.0 2,348.7 1,559.4 817.5 3,425.2 98.7 4,174.7 235.0 151.2 3,981.6 173.1 413.6 268.0 304.4 52.3 75.2 46.8 91.4 96.0 410.7 156.9 1,508.6 468.0 464.7 8,145.0 651.1 1,944.0 78.6 544.3 21.0 65.4 2,749.6 166.6 163.2 157.3 68.0 1.413 2.430 0.960 1.735 0.340 0.450 3.375 1.840 4.655 9.774 1.570 0.568 2.555 0.070 0.460 5.620 2.980 3.879 0.050 1.650 6.450 0.910 1.630 0.430 2.775 0.670 0.450 2.103 0.476 1.944 4.389 1.741 0.575 0.470 0.585 0.285 0.970 1.400 2.909 1.879 0.215 7.144 1.684 3.457 2.112 0.882 1.060 2.678 3.140 9.296 2.754 0.670 0.125 0.355 0.480 3.070 1.160 4.520 0.140 1.007 1.003 1.857 0.220 2.990 0.501 1.030 2.735 1.443 0.335 2.918 1.827 1.300 0.300 5.950 22.800 0.250 7.372 0.270 0.430 5.116 2.713 3.345 0.200 0.405 0.921 0.732 0.660 0.225 2.311 0.415 0.885 1.240 1.470 1.810 9.599 0.933 4.120 1.860 2.527 3.500 0.460 2.642 0.225 0.610 4.060 4.500 16.839 1.729 0.585 0.845 7.526 0.750 1.390 0.560 3.056 1.321 2.943 3.883 1.718 0.750 3.753 0.505 3.243 0.550 4.610 1.460 0.130 3.425 1.052 1.790 FINANCE 15.741 3.248 4.857 13.200 13.400 6.582 1.970 4.290 8.811 7.089 1.560 1.409 14.820 13.880 18.015 2.150 1.236 0.900 0.235 2.650 0.764 15.088 0.773 3.350 9.749 2.540 4.630 2.700 1.485 19.645 0.290 8.982 0.947 4.230 YEAR LOW DAY HIGH DAY LOW 0.966 1.110 1.060 1.500 1.700 1.700 0.450 0.540 0.520 1.250 1.380 1.380 0.110 0.170 0.160 0.110 — — 1.892 2.460 2.370 0.820 1.160 1.130 3.744 4.020 3.970 6.510 7.390 7.180 0.960 1.520 1.480 0.380 — — 1.890 2.290 2.270 0.060 — — 0.265 0.345 0.315 3.416 5.480 5.380 1.350 2.510 2.480 2.969 — — 0.010 0.015 0.010 0.250 0.365 0.355 4.576 5.970 5.790 0.599 0.820 0.800 0.790 — — 0.205 0.245 0.240 1.450 1.720 1.700 0.365 — — 0.215 0.315 0.300 1.638 1.810 1.800 0.250 0.340 0.315 1.420 — — 3.472 4.210 4.110 1.031 1.280 1.250 0.350 0.390 0.385 0.190 0.210 0.210 0.270 0.330 0.320 0.120 0.240 0.235 0.500 0.660 0.645 0.637 1.400 1.320 2.421 2.570 2.550 1.180 1.680 1.560 0.135 0.150 0.145 5.912 6.560 6.430 0.775 0.875 0.860 2.507 — — 1.011 1.190 1.160 0.500 0.545 0.530 0.685 0.850 0.850 1.886 2.500 2.440 0.895 1.110 1.090 6.365 8.630 8.480 1.490 2.170 2.020 0.330 0.420 0.410 0.065 0.075 0.065 0.155 0.190 0.180 0.270 0.325 0.315 2.500 2.800 2.700 0.560 — — 2.064 4.300 4.300 0.075 0.090 0.085 0.587 — — 0.615 0.760 0.745 1.260 1.340 1.310 0.085 0.100 0.095 0.680 2.270 2.250 0.378 0.435 0.435 0.460 0.595 0.585 0.990 1.010 0.990 0.910 1.080 1.040 0.055 0.080 0.075 0.880 1.170 1.150 0.985 1.550 1.530 0.240 0.345 0.325 0.135 0.165 0.165 2.798 5.900 5.800 14.210 21.960 21.760 0.030 — — 3.929 — — 0.167 — — 0.220 0.260 0.250 3.337 3.640 3.590 1.296 1.900 1.860 1.864 2.750 2.730 0.100 0.135 0.130 0.340 — — 0.535 0.660 0.640 0.572 — — 0.393 — — 0.090 0.105 0.105 1.183 1.850 1.810 0.135 0.185 0.180 0.230 0.275 0.260 0.640 1.100 1.100 1.236 1.400 1.370 1.155 1.480 1.410 6.700 7.520 7.380 0.751 — — 1.360 1.940 1.850 0.848 1.680 1.650 2.039 2.450 2.420 2.250 — — 0.100 0.150 0.145 1.900 2.150 2.140 0.110 0.150 0.145 0.330 0.340 0.340 1.521 3.630 3.560 2.407 3.650 3.600 10.260 12.100 12.000 0.686 — — 0.290 — — 0.130 0.220 0.210 5.908 6.740 6.530 0.435 0.595 0.555 0.910 1.070 1.050 0.370 — — 2.563 2.760 2.760 0.866 — — 2.300 — — 0.860 1.310 1.270 1.200 1.280 1.250 0.500 — — 1.280 1.980 1.980 0.360 — — 2.252 — — 0.420 — — 2.713 4.240 4.120 0.755 1.250 1.180 0.030 0.035 0.030 2.310 2.860 2.830 0.434 0.595 0.580 1.440 1.600 1.560 10.083 2.100 3.340 10.100 10.100 4.170 1.225 3.700 7.457 4.453 0.895 1.182 12.300 7.400 12.500 1.770 0.580 0.782 0.125 1.513 0.532 10.559 0.552 2.650 7.963 1.260 2.990 1.290 1.173 16.880 0.198 5.890 0.550 2.010 13.560 2.380 3.410 10.420 10.700 4.560 — 4.110 8.080 4.720 1.300 1.330 13.460 — 14.000 2.030 0.710 0.890 0.130 — 0.640 14.000 0.735 2.850 8.410 1.500 3.370 1.440 1.360 17.820 0.275 6.050 0.630 3.830 13.500 2.300 3.350 10.420 10.700 4.480 — 3.980 7.980 4.600 1.280 1.310 13.060 — 13.960 2.010 0.695 0.885 0.125 — 0.590 13.680 0.710 2.850 8.340 1.430 3.370 1.420 1.350 17.560 0.265 5.950 0.610 3.690 CODE 5056 6939 9318 7210 0128 9377 5209 0078 4715 3182 3204 7676 7668 7110 7253 3034 2062 5008 7013 5255 5225 5614 5673 8923 0058 8672 5079 6491 0151 5035 5878 5843 9121 4847 6874 7170 8486 5143 3859 5264 3514 6012 5077 5983 4502 5090 7234 3069 5186 3816 2194 0059 0043 3891 3905 0138 9806 5509 4464 5533 0172 5201 3018 5260 8419 5125 5657 5041 6254 5133 7108 0047 7080 5219 5681 7027 7081 7201 7163 4634 5204 8346 0037 8885 8567 5147 7185 9113 0099 7158 7045 7053 9792 5250 4197 9431 5218 5242 6084 9865 1201 6521 0016 5173 8524 5140 5347 8702 7228 7206 4863 0101 8397 7218 5711 5167 7137 5243 7091 5754 7250 7240 5016 7692 5246 5267 7122 7293 7066 4677 5139 5185 2488 1163 1163PA 1015 5088 5258 1818 1023 2143 5228 5819 5274 1082 6688 3379 3379PA 3441 5096 6483 8621 1198 1058 1155 1171 6459 5237 6009 1295 9296 1066 4898 6139 COUNTER CLOSING (RM) +/– (RM) VOL (‘000) ENGTEX FIAMMA FITTERS FREIGHT FRONTKN FSBM GASMSIA GDEX GENM GENTING GKENT GUNUNG HAIO HAISAN HANDAL HAPSENG HARBOUR HARISON HUBLINE ICON IHH ILB IPMUDA JIANKUN JOBST KAMDAR KBES KFIMA KGB KNUSFOR KPJ KPS KPSCB KTB KUB LFECORP LIONFIB LUXCHEM MAGNUM MALAKOF MARCO MAXIS MAYBULK MBMR MEDIA MEDIAC MESB MFCB MHB MISC MMCCORP MMODE MTRONIC MUIIND MULPHA MYEG NATWIDE NCB NICORP OCB OCK OLDTOWN OLYMPIA OWG PANSAR PANTECH PARKSON PBA PDZ PENERGY PERDANA PERISAI PERMAJU PESTECH PETDAG PETONE PHARMA PICORP PJBUMI POS PRESBHD PRKCORP RGB RPB SALCON SAMCHEM SAMUDRA SANBUMI SCICOM SCOMI SCOMIES SEEHUP SEG SEM SIME SJC SKPETRO SOLID STAR SUIWAH SUMATEC SURIA SYMPHNY SYSCORP TALIWRK TASCO TENAGA TEXCHEM TGOFFS THHEAVY TM TMCLIFE TNLOGIS TOCEAN TSTORE TURBO UMS UMWOG UNIMECH UTUSAN UZMA VOIR WARISAN WIDETEC WPRTS XINHWA YFG YINSON YONGTAI YTL 1.110 1.700 0.525 1.380 0.170 0.175 2.370 1.160 4.000 7.260 1.490 0.405 2.290 0.065 0.345 5.410 2.500 3.020 0.010 0.360 5.930 0.820 1.030 0.245 1.720 0.385 0.315 1.810 0.330 1.530 4.150 1.260 0.385 0.210 0.330 0.240 0.655 1.380 2.560 1.670 0.150 6.450 0.870 2.950 1.190 0.530 0.850 2.500 1.100 8.500 2.150 0.415 0.075 0.190 0.315 2.720 0.620 4.300 0.090 0.700 0.760 1.310 0.095 2.250 0.435 0.590 0.995 1.060 0.080 1.160 1.550 0.340 0.165 5.850 21.960 0.055 6.500 0.190 0.250 3.600 1.900 2.730 0.135 0.375 0.660 0.670 0.480 0.105 1.820 0.180 0.270 1.100 1.400 1.470 7.440 0.760 1.930 1.650 2.420 2.600 0.145 2.140 0.145 0.340 3.600 3.650 12.080 1.470 0.375 0.215 6.660 0.560 1.060 0.370 2.760 1.000 2.460 1.300 1.250 0.520 1.980 0.410 2.370 0.545 4.200 1.230 0.035 2.850 0.585 1.590 0.020 UNCH -0.015 0.020 0.010 — -0.090 -0.010 -0.010 UNCH UNCH — UNCH — 0.005 0.030 0.040 — -0.005 -0.010 0.030 -0.020 — 0.005 0.070 — 0.025 UNCH -0.020 — -0.060 -0.020 -0.005 -0.005 0.005 UNCH 0.010 0.050 0.010 0.100 0.005 -0.020 UNCH — 0.030 -0.015 -0.030 0.020 -0.020 0.020 0.080 -0.010 UNCH 0.005 UNCH 0.040 — UNCH UNCH — UNCH -0.010 -0.005 -0.010 0.010 -0.010 -0.005 0.020 -0.005 0.010 0.010 0.005 UNCH 0.080 0.200 — — — UNCH -0.010 0.010 -0.040 UNCH — 0.015 — — -0.005 -0.060 -0.005 UNCH UNCH UNCH -0.010 -0.030 — 0.010 UNCH -0.020 — -0.005 UNCH -0.005 UNCH -0.010 -0.100 0.040 — — UNCH 0.130 -0.025 0.010 — UNCH — — UNCH -0.060 — UNCH — — — 0.030 0.040 UNCH -0.010 -0.010 0.020 1198.4 7 580.6 3 13968.7 — 517.5 159.9 7770.6 4060.5 1003.7 — 61.3 — 15.1 1114.7 82 — 3826.9 408.1 5049.9 22 — 28 0.4 — 21 16.9 45 — 1414.9 362.6 58 120 442.1 155 31.9 2059.6 86.2 6808.5 2157.1 2210.8 38.3 — 249.7 379.4 7 263.9 1697.8 7445.2 1909.8 189 13841.2 96.8 154 3498.6 — 3 781 — 106 1230.4 400 61.2 194 275.2 953.2 306.8 6648.5 83.8 290.4 21686.2 11.7 56.8 800.8 — — — 90 83.3 1331.6 25.5 3878 — 801.2 — — 12 148.9 2222.8 3380.6 1 78.4 265.7 2481.6 — 9558.8 99.8 116.7 — 7651.6 81 108.7 17.5 314.3 7 9426.9 — — 9355.5 4614 6713.6 297 — 3.3 — — 2177.6 16 — 86 — — — 2960.7 3145.8 13465.3 278.4 2546.9 7650 AEONCR AFFIN AFG ALLIANZ ALLIANZ-PA AMBANK APEX BIMB BURSA CIMB ECM ELKDESA HLBANK HLCAP HLFG HWANG INSAS INSAS-PA JOHAN KAF KENANGA LPI MAA MANULFE MAYBANK MBSB MNRB MPHBCAP P&O PBBANK RCECAP RHBCAP TA TAKAFUL 13.560 2.340 3.370 10.420 10.700 4.550 1.580 3.990 8.080 4.690 1.280 1.330 13.300 10.200 13.980 2.010 0.710 0.890 0.130 2.630 0.640 13.820 0.725 2.850 8.410 1.480 3.370 1.440 1.360 17.600 0.265 6.000 0.625 3.800 0.040 25.1 -0.030 354.2 -0.030 1087.7 -0.220 0.5 UNCH 0.3 -0.010 7837.3 — — 0.030 640.9 0.010 20.6 -0.030 18126.6 -0.020 14.7 UNCH 80.3 UNCH 1866.3 — — -0.020 168.8 0.020 13.4 UNCH 496.2 0.005 10.1 -0.005 413.3 — — 0.020 55.4 0.140 62 0.010 142.1 UNCH 2.3 UNCH 12444.7 0.010 736.7 -0.020 16 UNCH 135.5 UNCH 80.5 -0.080 6249.9 -0.010 743 -0.040 2025.6 UNCH 95.9 0.060 271.1 VWAP* (RM) PE# (X) DY (%) MKT CAP (MIL) 1.658 7.07 1.888 6.66 0.750 14.58 1.540 11.72 0.075 9.29 — — 3.875 21.84 2.952 48.74 4.211 19.41 10.196 20.53 1.081 14.24 — 10.77 2.644 15.06 — — 0.468 6.82 2.654 10.98 0.869 8.74 — 10.00 0.048 — 0.000 8.39 4.042 61.71 0.723 — — 6.04 0.322 — 0.000 3.81 — 8.75 0.275 — 1.978 9.47 0.000 14.22 — 5.43 6.116 28.27 2.191 5.92 0.462 4.33 0.152 10.71 0.429 31.43 0.151 43.64 1.000 — 1.286 16.33 3.264 14.18 0.000 3.41 0.150 7.54 7.027 29.44 1.704 — — 9.46 2.650 17.47 1.005 7.41 0.000 21.63 1.976 7.62 3.738 16.11 1.000 14.26 2.820 3.91 0.686 8.76 0.094 37.50 0.201 — 0.424 3.87 2.509 47.72 — 3100.0 3.644 51.81 0.115 — — 12.09 0.816 18.36 2.573 12.92 0.124 3.74 0.000 26.88 0.494 8.18 0.994 9.02 3.506 57.85 0.984 14.30 0.080 — 2.187 8.77 1.974 29.30 1.458 13.88 0.346 — 2.757 22.63 30.797 34.13 — 0.59 — 16.88 — 11.80 0.000 — 5.937 15.76 2.589 56.55 1.000 2.25 0.115 7.99 — — 0.674 50.38 — 12.03 — 8.09 0.217 — 0.654 19.32 0.368 6.00 0.721 9.68 1.000 215.6 1.536 29.35 0.000 30.12 9.647 19.78 — 48.41 4.291 13.71 0.725 28.45 2.459 15.44 — 14.72 0.304 7.51 2.666 4.84 0.118 96.67 0.435 80.95 0.982 5.08 2.066 13.61 1.000 10.25 — 32.96 — — 0.900 — 1.000 32.99 0.384 51.38 1.000 6.08 — 43.02 0.000 10.38 — 7.99 — 11.57 3.400 16.07 1.755 11.75 — — 4.650 10.72 — — — — — 14.08 2.533 27.40 0.000 12.30 0.130 20.59 5.861 11.93 0.000 4.05 1.611 15.44 0.90 5.29 5.22 3.62 — — 4.88 0.72 1.58 0.55 3.56 1.48 6.55 — — 4.62 1.00 4.97 — — 0.51 4.27 — — 12.79 — — 4.70 3.03 3.27 1.95 3.17 — — — — — 3.62 7.81 — 1.33 5.27 1.15 2.71 9.24 6.40 — 3.20 — 1.59 1.63 2.41 — — — 0.55 — 1.63 — 2.86 — 4.58 — — 5.17 4.37 — 3.54 — 1.72 1.29 — — 0.68 1.73 — 5.23 2.00 — 3.64 1.71 — 1.85 — 4.55 4.85 9.38 — 3.98 — — — 9.29 1.70 4.84 1.32 1.05 1.82 6.20 2.31 — 3.27 — — 3.47 2.47 2.40 10.20 — — 3.41 0.54 3.77 — 1.36 5.00 2.44 0.77 3.60 — 1.91 — 2.95 — 2.73 — — 0.53 — 5.97 329.7 246.0 252.1 238.7 179.1 22.3 3,043.1 1,434.1 23,752.2 27,175.6 447.6 95.6 463.0 5.2 55.2 12,159.5 455.0 206.8 32.5 423.8 48,764.0 146.0 74.6 37.2 240.8 76.2 39.7 501.0 72.6 152.5 4,373.8 628.7 56.9 84.6 183.6 20.4 151.7 365.2 3,680.6 8,350.0 158.1 48,436.3 870.0 1,152.6 1,319.9 894.2 35.7 608.4 1,760.0 37,942.2 6,546.9 67.5 56.9 557.2 742.1 3,269.7 37.3 2,022.1 70.4 72.0 401.4 606.8 97.2 416.3 121.8 363.7 1,088.4 351.1 69.5 373.2 1,160.8 405.7 32.3 1,086.9 21,816.2 2.8 1,682.7 125.0 12.5 1,933.3 919.6 273.0 175.8 322.0 447.3 91.1 88.1 19.9 646.9 282.4 632.3 57.2 1,047.3 1,813.1 46,211.0 30.8 11,564.9 272.3 1,787.3 158.6 505.0 606.3 95.7 408.0 1,582.3 365.0 68,174.8 182.4 143.1 241.0 25,027.8 970.4 446.0 15.2 189.1 108.0 100.1 2,810.6 160.7 57.6 576.1 49.2 159.3 24.4 14,322.0 221.4 21.3 3,114.5 93.8 17,162.4 4.20 6.41 4.57 0.48 0.56 6.00 7.59 5.81 4.27 1.71 — 5.43 3.08 1.47 2.72 1.24 1.41 4.49 — 3.80 1.56 4.10 8.28 3.51 6.78 6.32 — — 6.54 3.13 5.66 1.00 2.88 3.95 1,952.6 4,546.5 5,217.1 1,764.2 984.9 13,714.5 337.4 6,153.4 4,319.7 39,817.1 366.8 249.4 25,002.8 2,518.3 14,717.7 512.9 492.3 118.0 81.0 315.6 468.3 4,588.0 220.7 576.8 80,225.4 4,201.1 718.0 1,029.6 334.5 68,325.6 356.9 15,530.9 1,069.9 3,100.2 15.436 4.253 4.969 10.400 0.000 7.396 — 1.000 8.033 7.536 1.068 1.512 1.000 — 15.806 4.315 0.963 0.000 0.160 — 0.620 16.538 0.663 1.000 9.750 2.620 3.648 1.767 1.467 1.000 0.265 7.601 0.782 1.000 67.46 8.73 9.83 5.89 — 7.94 17.01 11.10 21.23 17.00 8.75 9.08 10.52 32.15 9.04 10.32 5.11 — — 75.14 16.04 14.14 — 16.77 11.41 4.98 5.31 15.88 18.84 14.01 11.13 7.60 7.06 20.89 2 PROP 1 1 0 0 1 0 0 1 2 3 3 1 2 0 2 1 2 1 0 1 0 0 1 1 0 2 2 0 2 2 2 0 1 0 0 1 2 0 1 1 0 1 1 1 2 1 0 0 0 0 3 0 0 1 2 0 3 3 2 2 2 0 1 3 0 1 1 1 1 3 0 1 6 3 1 3 1 0 8 0 2 0 1 0 2 1 1 2 1 1 2 0 MINI 1 PLAN 1 18 8 1 0 9 0 8 3 10 1 1 1 2 3 0 1 4 23 3 2 0 3 2 1 1 2 5 0 1 0 4 3 0 6 2 0 1 1 2 6 28 HOTE 0 1 0 7 TECH 1 0 0 0 0 0 0 1 0 2 1 0 0 6 0 3 0 0 4 0 * Volu Markets 3 5 M O N DAY S E PT E MB E R 28 , 2015 • T HEED G E FINA NCIA L DAILY BURSA MAL AYSIA MAIN MARKET . ACE MARKET AP IL) 9.7 6.0 2.1 8.7 9.1 2.3 3.1 4.1 2.2 5.6 7.6 5.6 3.0 5.2 5.2 9.5 5.0 6.8 2.5 3.8 4.0 6.0 4.6 7.2 0.8 6.2 9.7 1.0 2.6 2.5 3.8 8.7 6.9 4.6 3.6 0.4 1.7 5.2 0.6 0.0 8.1 6.3 0.0 2.6 9.9 4.2 5.7 8.4 0.0 2.2 6.9 7.5 6.9 7.2 2.1 9.7 7.3 2.1 0.4 2.0 1.4 6.8 7.2 6.3 1.8 3.7 8.4 1.1 9.5 3.2 0.8 5.7 2.3 6.9 6.2 2.8 2.7 5.0 2.5 3.3 9.6 3.0 5.8 2.0 7.3 1.1 8.1 9.9 6.9 2.4 2.3 7.2 7.3 3.1 1.0 0.8 4.9 2.3 7.3 8.6 5.0 6.3 5.7 8.0 2.3 5.0 4.8 2.4 3.1 1.0 7.8 0.4 6.0 5.2 9.1 8.0 0.1 0.6 0.7 7.6 6.1 9.2 9.3 4.4 2.0 1.4 1.3 4.5 3.8 2.4 2.6 6.5 7.1 4.2 4.9 4.5 7.4 3.4 9.7 7.1 6.8 9.4 2.8 8.3 7.7 2.9 2.3 8.0 1.0 5.6 8.3 8.0 0.7 6.8 5.4 1.1 8.0 9.6 4.5 5.6 6.9 0.9 9.9 0.2 YEAR HIGH YEAR LOW DAY HIGH DAY LOW 2.315 1.210 1.340 1.310 PROPERTIES 1.062 0.655 0.895 0.830 1.295 0.785 0.900 0.900 0.530 0.370 0.440 0.420 0.315 0.155 0.210 0.205 1.407 0.864 1.120 1.100 0.915 0.510 0.580 0.580 0.956 0.726 — — 1.480 0.900 1.070 1.070 2.804 1.850 — — 3.245 1.460 1.620 1.580 3.414 1.980 2.050 2.050 1.460 0.430 0.545 0.545 2.592 1.450 1.620 1.580 0.375 0.210 0.280 0.270 2.100 1.170 1.500 1.450 1.520 0.755 0.785 0.755 2.950 1.200 1.910 1.910 1.000 0.655 0.815 0.755 0.626 0.410 0.495 0.480 1.123 0.730 0.835 0.825 0.515 0.340 0.440 0.380 0.881 0.425 0.610 0.570 1.150 0.860 — — 1.854 1.020 1.170 1.110 0.750 0.455 — — 2.383 1.660 1.880 1.870 2.770 1.770 2.700 2.700 0.911 0.461 0.535 0.510 2.120 1.160 — — 2.884 2.329 2.570 2.530 2.624 1.735 1.940 1.860 0.605 0.315 0.370 0.365 1.650 0.745 0.820 0.805 0.390 0.205 0.230 0.220 0.095 0.040 0.045 0.045 1.237 0.808 0.990 0.965 2.353 1.330 1.540 1.500 0.625 0.324 0.400 0.390 1.586 1.100 1.410 1.390 1.646 1.280 1.540 1.500 0.390 0.250 0.265 0.255 1.163 0.742 0.920 0.895 1.692 1.270 1.340 1.330 1.130 0.630 0.750 0.745 2.736 1.727 2.370 2.340 1.405 1.032 — — 0.685 0.535 0.570 0.560 0.950 0.555 0.620 0.615 0.440 0.275 0.290 0.290 0.294 0.186 — — 3.692 1.900 2.200 2.170 0.464 0.300 0.360 0.350 0.460 0.145 — — 1.638 0.795 1.130 1.100 2.140 0.915 0.925 0.915 0.515 0.265 0.340 0.330 3.549 1.950 2.190 2.170 3.048 2.109 — — 2.152 1.580 1.650 1.620 2.616 1.706 1.950 1.950 2.051 1.280 1.670 1.640 0.660 0.290 0.325 0.310 1.959 1.315 1.550 1.550 3.064 1.720 2.010 2.000 0.320 0.195 — — 1.012 0.715 0.900 0.890 1.440 0.640 0.770 0.740 1.141 0.855 0.900 0.900 1.110 0.450 0.465 0.465 3.644 2.609 3.000 2.980 0.225 0.140 0.165 0.150 1.513 0.850 1.000 0.980 6.067 4.500 4.790 4.680 3.540 2.920 3.300 3.230 1.189 0.702 0.800 0.790 3.814 2.988 3.510 3.480 1.057 0.692 0.710 0.700 0.383 0.245 0.285 0.275 8.648 5.391 — — 0.125 0.055 0.055 0.055 2.450 1.160 1.300 1.290 0.195 0.105 0.135 0.125 1.140 0.380 0.830 0.805 0.145 0.075 0.090 0.085 2.474 1.460 1.570 1.520 1.344 0.830 0.915 0.900 1.829 0.755 1.170 1.120 2.184 1.680 1.960 1.910 1.888 1.140 1.240 1.230 1.764 0.698 1.440 1.440 2.115 1.552 1.830 1.810 0.955 0.595 0.665 0.645 MINING 1.650 1.120 1.230 1.230 PLANTATIONS 1.150 1.000 — — 18.855 16.380 16.820 16.820 8.450 7.423 8.100 8.100 1.456 1.096 1.310 1.300 0.956 0.685 0.730 0.710 9.606 7.800 — — 0.830 0.380 0.440 0.435 8.300 7.000 — — 3.604 1.180 1.500 1.440 10.754 8.520 9.900 9.600 1.940 0.900 — — 1.270 0.701 1.010 1.010 1.240 0.790 0.860 0.815 2.573 1.922 2.180 2.180 3.754 2.990 3.140 3.100 0.871 0.605 0.660 0.660 1.820 1.200 1.400 1.400 4.874 3.652 3.920 3.820 23.375 19.127 21.360 21.040 3.826 2.631 — — 2.846 2.156 2.520 2.500 0.560 0.345 0.370 0.365 3.042 2.410 2.950 2.920 2.068 1.430 — — 1.900 1.500 — — 1.077 0.800 0.885 0.850 2.879 2.610 — — 5.473 4.000 — — 0.480 0.200 0.220 0.220 1.230 0.890 — — 0.710 0.465 0.505 0.495 4.240 3.500 3.500 3.500 3.742 2.670 3.100 3.100 0.850 0.560 — — 6.332 3.610 4.800 4.400 2.527 1.700 1.830 1.830 0.927 0.510 0.580 0.565 1.728 1.110 1.310 1.230 1.830 1.103 1.390 1.350 2.378 1.730 1.830 1.770 6.824 5.350 5.830 5.750 28.000 22.165 25.600 25.400 HOTELS 0.964 0.515 — — 1.460 0.840 1.130 1.110 0.530 0.095 0.275 0.265 7.397 5.810 — — TECHNOLOGY 1.000 0.690 — — 0.670 0.195 0.280 0.265 0.320 0.115 0.140 0.135 0.375 0.210 0.375 0.295 0.265 0.130 0.155 0.150 0.310 0.185 0.200 0.195 0.410 0.180 0.250 0.230 1.797 1.002 1.410 1.410 0.728 0.470 0.620 0.605 2.000 1.107 1.610 1.570 1.280 0.850 1.040 1.000 0.410 0.185 0.250 0.240 0.319 0.232 0.265 0.255 6.449 3.454 6.200 6.180 0.743 0.539 0.660 0.625 3.547 1.804 3.340 3.280 0.300 0.100 0.110 0.110 0.780 0.432 0.675 0.665 4.350 2.246 4.200 4.090 0.250 0.045 0.205 0.195 * Volume Weighted Average Price CODE 5230 1007 5959 1007PA 4057 6602 9814 3239 5738 6718 5049 5355 3484 3417 3557 8206 6076 8613 6815 6041 5020 9962 1147 2968 1503 7010 5062 5018 4251 5084 1597 5249 5175 1589 6769 3115 7323 5038 3174 8494 5789 3573 7617 8583 6181 5236 5182 5040 1694 8141 8141PA 6114 8893 6548 1651 9539 3913 5073 5827 5053 6661 1724 6912 1945 5075 2208 4596 5207 2224 4286 6017 4375 5213 1783 8664 3743 5211 1538 5158 2305 2259 5191 2429 7889 7079 5239 5401 5148 5200 2976 7003 3158 2577 COUNTER CLOSING (RM) +/– (RM) VOL (‘000) VWAP* (RM) PE# (X) TUNEPRO 1.330 -0.010 1547.1 1.895 14.01 3.04 999.8 AMPROP A&M AMPROP-PA ASIAPAC BCB BERTAM BJASSET CHHB CRESNDO CVIEW DAIMAN DBHD E&O ECOFIRS ECOWLD ENCORP ENRA EUPE FARLIM GLOMAC GMUTUAL GOB GPLUS GUOCO HOOVER HUAYANG HUNZPTY IBHD IBRACO IGB IOIPG IVORY IWCITY JKGLAND KBUNAI KEN KSL L&G LBICAP LBS LIENHOE MAGNA MAHSING MALTON MATRIX MCT MEDAINC MENANG MJPERAK MJPERAK-PA MKH MKLAND MPCORP MRCB MUH MUIPROP NAIM OIB OSK OSKPROP PARAMON PASDEC PJDEV PLENITU PTGTIN SAPRES SBCCORP SDRED SEAL SHL SMI SNTORIA SPB SPSETIA SUNSURIA SUNWAY SYMLIFE TAGB TAHPS TALAMT TAMBUN TANCO THRIVEN TIGER TITIJYA TROP UEMS UOADEV WINGTM Y&G YNHPROP YTLLAND 0.885 0.900 0.440 0.210 1.110 0.580 0.800 1.070 2.040 1.590 2.050 0.545 1.590 0.280 1.460 0.755 1.910 0.815 0.480 0.835 0.395 0.595 1.050 1.170 0.480 1.870 2.700 0.530 2.100 2.530 1.940 0.370 0.805 0.230 0.045 0.990 1.520 0.395 1.410 1.540 0.260 0.895 1.340 0.750 2.340 1.170 0.570 0.620 0.290 0.200 2.170 0.360 0.160 1.110 0.915 0.335 2.180 2.950 1.620 1.950 1.660 0.320 1.550 2.000 0.245 0.895 0.765 0.900 0.465 2.980 0.165 1.000 4.680 3.280 0.800 3.500 0.705 0.285 6.800 0.055 1.290 0.135 0.825 0.085 1.560 0.915 1.160 1.910 1.230 1.440 1.820 0.665 0.070 658.3 -0.020 15 0.035 112.5 UNCH 694 -0.060 17 -0.010 17 — — 0.080 0.1 — — -0.030 7 UNCH 18.8 -0.035 0.9 -0.020 304.1 UNCH 191.6 -0.040 2053.7 -0.025 41.2 UNCH 12 -0.005 20.1 -0.015 55 0.005 35 0.015 2.4 0.025 39315.5 — — UNCH 125.5 — — -0.020 102.4 UNCH 73.6 0.015 543.4 — — -0.020 65.7 0.050 1607.8 -0.005 68.5 -0.010 211 0.005 122.3 UNCH 94 0.040 31 0.020 222.6 -0.005 738.8 UNCH 145 0.030 224.4 -0.005 569.3 0.010 10.3 UNCH 433.4 -0.010 83.8 -0.060 33.5 — — -0.005 20 0.005 7 -0.010 10 — — -0.030 100.2 0.010 625.6 — — UNCH 3834.3 -0.020 33.8 UNCH 146.1 -0.020 135 — — -0.010 110.9 UNCH 86.7 -0.020 82.2 -0.020 53.2 -0.010 83 -0.030 17 — — 0.010 71.1 0.015 52.1 UNCH 2 -0.005 1.3 -0.020 22.5 -0.005 1.1 0.020 30 0.010 44.7 0.040 1104 -0.010 48.5 UNCH 1574.4 -0.005 798.2 UNCH 579.3 — — UNCH 5977.2 UNCH 21 0.005 226.2 0.010 252.9 UNCH 19791.3 UNCH 77.8 0.005 155.4 0.010 20096.6 -0.010 8.6 UNCH 18.8 0.040 21.5 -0.020 317.1 0.030 66.2 0.829 0.932 0.000 0.147 0.000 0.596 — 1.020 — 2.594 3.289 0.380 1.920 0.198 2.716 1.045 1.060 0.725 0.510 1.083 0.462 0.758 — 1.070 — 2.133 2.302 2.532 — 2.710 0.000 0.609 1.257 0.262 0.076 1.480 2.051 0.373 1.240 1.661 0.325 1.305 2.198 0.882 3.220 — 0.794 0.655 0.515 — 2.646 0.366 — 1.373 0.000 0.172 3.622 — 1.608 1.350 1.536 0.444 1.269 2.699 — 0.927 1.217 0.882 0.519 2.150 0.174 0.618 4.633 2.873 0.830 2.648 1.086 0.299 — 0.066 1.411 0.160 1.210 0.219 1.555 1.341 2.305 1.990 2.342 0.000 1.727 0.952 6.99 10.69 — 0.57 6.85 8.11 12.31 — 3.79 4.21 16.61 — 12.44 32.94 70.19 — 22.96 7.73 45.28 6.91 5.14 2.36 7.89 4.15 18.75 4.47 24.98 6.79 7.45 16.01 7.72 9.37 — 7.14 — 6.14 3.65 2.42 6.36 10.88 — 5.77 8.75 7.61 5.53 — — 3.11 87.88 — 10.40 8.16 — 6.45 3.85 — 4.24 13.37 7.58 3.82 11.18 — 8.03 3.52 — 5.96 7.69 4.93 — 6.87 — 15.27 11.54 11.59 24.24 7.31 5.84 11.00 13.51 — 5.46 — 18.75 — 6.80 4.77 10.94 8.04 5.95 8.64 31.11 27.03 3.39 1.67 4.55 1.43 — — 2.50 — 5.88 15.09 2.44 — 1.72 — — — — 1.84 10.42 5.57 5.06 — — 1.71 — 6.95 — 2.85 5.99 1.98 3.09 — — 0.87 — 3.03 6.58 5.06 3.55 2.11 — 5.59 4.85 — 6.35 1.71 — — — 2.50 3.69 2.78 — 2.25 — — 1.61 4.07 4.63 5.13 4.52 — 4.19 — — 2.79 2.09 3.33 — 8.39 — 2.00 2.56 2.96 — 3.14 7.09 3.51 4.71 — 7.52 — — — 2.56 6.74 2.59 6.81 3.80 6.08 — — 528.4 328.6 130.6 208.4 228.9 119.9 890.4 295.0 466.1 159.0 435.0 168.6 2,003.1 204.4 3,451.8 210.4 260.2 104.3 67.4 607.7 148.4 270.5 154.2 819.5 19.2 493.7 673.9 524.3 372.3 3,452.9 7,331.0 164.8 539.1 174.4 259.9 189.8 1,501.4 431.0 103.2 848.2 94.1 297.9 3,228.6 336.3 1,287.7 1,561.7 280.8 165.6 57.3 18.3 910.1 434.6 46.0 1,983.1 51.6 256.0 545.0 267.1 2,272.1 645.2 701.0 65.9 819.1 763.1 84.8 124.9 179.6 383.5 103.0 721.5 34.6 484.1 1,608.1 8,620.6 588.4 6,243.9 218.6 1,516.7 509.0 232.1 547.0 45.2 207.2 68.8 561.6 1,324.4 5,263.4 2,904.7 598.6 287.1 803.4 561.5 1.230 UNCH 1.226 6.54 — 152.2 — — 19.530 14.93 0.000 31.29 0.000 28.48 0.938 15.67 — 24.17 0.485 7.68 — 14.42 4.456 45.71 10.947 25.26 — — 0.740 19.09 1.336 — 2.617 17.94 3.367 30.78 0.880 — 1.410 24.01 5.619 145.86 24.513 26.55 — 40.78 2.598 12.68 3.488 — 3.678 58.07 — — — — 1.055 18.52 — 33.33 — — 0.343 — — — 0.811 — 4.119 28.71 3.230 37.80 — — 6.100 29.57 2.550 12.05 0.981 25.90 1.861 33.51 0.000 7.36 2.804 49.19 1.000 25.75 26.600 19.17 1.98 3.57 0.49 — 2.82 1.95 — 4.08 6.71 0.66 0.69 2.97 9.36 3.67 1.91 1.65 — 2.32 2.58 0.32 5.16 — 3.22 3.33 — 2.35 0.36 1.66 — — — 2.86 — — 1.04 4.92 2.61 1.54 10.79 1.37 2.76 1.57 121.2 7,332.7 757.4 2,096.0 226.1 749.2 372.3 1,039.2 5,435.7 7,642.1 321.0 181.1 158.6 1,744.0 2,765.0 277.7 267.7 25,064.5 22,737.8 197.1 785.7 693.8 3,963.7 467.5 118.5 167.1 336.0 296.3 33.0 290.8 702.2 227.0 205.6 70.2 2,111.9 512.4 852.0 1,149.0 553.4 2,467.5 1,213.4 5,286.6 1 DY (%) MKT CAP (MIL) 2186 KUCHAI 7054 1899 5069 5254 8982 1929 3948 5029 5222 2291 7382 2135 7501 5138 2216 2607 6262 1961 2445 2453 5027 1996 2003 6572 4936 5026 5047 2038 1902 9695 5113 2542 2569 4316 5126 5135 2054 5112 5251 9059 2593 2089 AASIA BKAWAN BLDPLNT BPLANT CEPAT CHINTEK DUTALND FAREAST FGV GENP GLBHD GOPENG HARNLEN HSPLANT IJMPLNT INCKEN INNO IOICORP KLK KLUANG KMLOONG KRETAM KULIM KWANTAS MALPAC MHC NPC NSOP PINEPAC PLS RSAWIT RVIEW SBAGAN SHCHAN SOP SWKPLNT TDM THPLANT TMAKMUR TSH UMCCA UTDPLT 1.010 16.820 8.100 1.310 0.710 8.200 0.440 7.350 1.490 9.850 1.440 1.010 0.855 2.180 3.140 0.660 1.400 3.880 21.300 3.120 2.520 0.370 2.950 1.500 1.580 0.850 2.800 4.220 0.220 0.890 0.495 3.500 3.100 0.610 4.800 1.830 0.575 1.300 1.390 1.820 5.800 25.400 5592 1643 1287 5517 GCE LANDMRK PMHLDG SHANG 0.600 1.130 0.275 6.300 — UNCH 0.005 — — 61.3 444 — — 1.097 0.065 — — — — 36.84 3.33 — — 1.90 118.2 543.3 255.4 2,772.0 7031 5195 0051 7204 8338 0029 4456 5162 0065 0090 0021 0082 0056 7022 5028 0166 9393 5161 9334 0143 AMTEL CENSOF CUSCAPI D&O DATAPRP DIGISTA DNEX ECS EFORCE ELSOFT GHLSYS GPACKET GRANFLO GTRONIC HTPADU INARI ITRONIC JCY KESM KEYASIC 0.900 0.275 0.140 0.355 0.150 0.200 0.245 1.410 0.615 1.600 1.020 0.245 0.265 6.200 0.625 3.280 0.110 0.665 4.180 0.200 — 0.005 0.005 0.050 UNCH UNCH 0.010 UNCH 0.005 0.010 UNCH -0.005 UNCH UNCH -0.015 UNCH UNCH -0.005 -0.020 -0.005 — 1346.4 104 5188.9 84.5 302 4546.5 33 88.1 94 495.8 772.3 26.4 341.2 46 2566.6 0.1 256.3 68.1 843.8 — 0.579 0.378 0.310 0.255 0.230 0.264 1.201 0.509 0.652 0.796 0.462 0.276 3.122 0.718 1.542 0.640 0.574 2.047 0.000 65.69 19.93 — 56.35 — — 17.25 7.39 15.07 15.61 78.46 1.66 10.82 25.58 35.11 13.75 — 8.43 10.56 — — — — — — — — 4.26 3.25 4.38 — — 3.77 1.45 3.20 2.41 — 7.14 0.72 — 44.3 136.6 61.0 347.3 57.5 92.7 189.9 253.8 127.2 289.8 661.9 169.2 128.0 1,745.5 63.3 2,395.6 11.3 1,371.7 179.8 161.0 — — UNCH 0.5 UNCH 24.1 UNCH 114 -0.035 38.2 — — 0.010 41.5 — — 0.010 10859.6 -0.030 577.1 — — UNCH 2.2 0.045 12 UNCH 13.3 0.040 2.7 -0.010 26.7 -0.010 4 -0.020 5870.7 UNCH 433.6 — — 0.040 21 UNCH 412.5 0.040 98.6 — — — — -0.040 11.5 — — — — -0.005 5 — — -0.005 80 -0.050 1.2 0.050 2.1 — — 0.150 31.7 UNCH 1 0.010 406.4 0.070 26.9 0.040 101.5 0.070 389.7 UNCH 22.9 -0.160 5.7 # PE is calculated based on latest 12 months reported Earnings Per Share YEAR HIGH YEAR LOW DAY HIGH DAY LOW 7.250 4.022 6.730 6.530 1.890 0.990 1.080 1.080 0.595 0.340 0.400 0.395 0.765 0.446 0.530 0.500 0.425 0.280 — — 0.915 0.315 0.810 0.780 0.480 0.200 0.240 0.235 0.135 0.045 0.065 0.060 2.598 1.147 2.000 1.900 3.805 2.009 2.820 2.800 0.960 0.606 0.720 0.710 INFRASTRUCTURE PROJECT COMPANIES 6.419 4.860 5.510 5.300 5.130 3.206 5.130 5.060 3.740 2.290 2.600 2.570 0.905 0.350 0.500 0.495 6.970 4.130 6.600 6.380 1.670 1.440 1.600 1.580 CLOSED-END FUNDS 2.450 2.100 2.320 2.260 EXCHANGE TRADED FUNDS 1.084 1.030 — — 1.890 1.630 — — 1.575 1.010 — — 1.910 1.580 — — 1.005 0.925 0.978 0.976 1.195 0.990 1.070 1.070 1.065 0.940 — — REITS 1.168 0.910 — — 1.387 1.200 1.320 1.320 0.938 0.730 0.795 0.790 0.893 0.723 0.845 0.840 1.167 1.010 1.080 1.080 1.812 1.565 1.700 1.700 1.545 1.240 1.420 1.400 1.520 1.337 1.520 1.500 1.340 1.141 1.280 1.260 7.305 6.039 6.950 6.880 1.227 0.995 1.140 1.140 1.580 1.255 1.550 1.510 1.694 1.342 1.540 1.500 1.258 1.080 — — 1.634 1.253 1.570 1.560 1.050 0.883 1.040 1.030 SPAC 0.690 0.605 0.675 0.670 0.670 0.565 0.610 0.600 0.500 0.390 0.435 0.435 CODE COUNTER CLOSING (RM) +/– (RM) VOL (‘000) VWAP* (RM) PE# (X) DY (%) MKT CAP (MIL) 3867 5011 0083 9008 0041 7160 9075 0118 5005 0097 0008 MPI MSNIAGA NOTION OMESTI PANPAGE PENTA THETA TRIVE UNISEM VITROX WILLOW 6.600 1.080 0.400 0.530 0.305 0.800 0.240 0.060 1.970 2.820 0.720 0.010 0.080 UNCH -0.010 — 0.005 -0.020 -0.005 0.050 UNCH UNCH 100.8 1 156.5 15.5 — 2545.9 30 306 3119.1 37.5 20 3.211 2.180 0.678 0.784 — 0.213 0.000 0.070 0.871 1.148 0.672 11.55 — — — — 11.83 — — 12.93 14.78 10.33 3.03 — — — — — — — 3.55 0.89 2.78 1,385.2 65.2 108.2 205.6 73.6 106.6 25.7 59.9 1,445.6 658.2 178.6 6947 6645 6807 5078 5031 6742 DIGI LITRAK PUNCAK SILKHLD TIMECOM YTLPOWR 5.490 5.130 2.590 0.495 6.450 1.590 0.010 0.070 0.010 -0.010 -0.150 UNCH 6124.4 335.2 457 181 8.7 1812.5 4.873 4.200 3.375 0.385 3.903 1.947 21.45 18.09 — — 7.83 12.27 4.63 4.87 — — 0.87 6.29 42,684.8 2,675.7 1,082.7 347.3 3,712.6 11,834.7 5108 ICAP 2.320 0.050 80.8 2.360 30.97 — 324.8 0800EA 0822EA 0823EA 0820EA 0825EA 0821EA 0824EA ABFMY1 CIMBA40 CIMBC50 FBMKLCI-EA METFSID MYETFDJ MYETFID 1.035 1.660 1.300 1.655 0.976 1.070 0.977 — — — — -0.014 -0.005 — — — — — 10 2 — — — — — 0.000 1.168 — — — — — — — — 5.49 3.77 — 1.72 — 3.08 2.30 712.0 2.2 17.7 2.8 21.5 269.5 21.1 4952 5116 5120 5127 5130 5106 5180 5121 5227 5235SS 5123 5212 5176 5111 5110 5109 AHP ALAQAR AMFIRST ARREIT ATRIUM AXREIT CMMT HEKTAR IGBREIT KLCC MQREIT PAVREIT SUNREIT TWRREIT UOAREIT YTLREIT 0.990 1.320 0.795 0.845 1.080 1.700 1.400 1.520 1.280 6.900 1.140 1.550 1.530 1.180 1.570 1.030 — UNCH 0.005 UNCH UNCH UNCH -0.020 0.020 UNCH 0.020 -0.010 0.030 0.010 — 0.010 -0.010 — 3 15 62.7 26 5.5 140.6 32 1808 455.3 1 147.2 2147.7 — 4 226.4 — 1.330 1.019 1.030 0.000 3.340 1.427 1.520 1.216 5.970 1.180 1.300 1.264 — 0.000 1.033 38.37 12.72 15.74 4.42 7.78 14.05 11.29 11.85 13.06 12.96 10.64 9.02 8.27 7.13 13.46 14.37 7.27 5.83 6.96 7.68 8.61 5.16 6.42 6.91 6.54 4.87 7.35 5.30 5.71 5.42 7.04 7.74 99.0 919.0 545.7 484.4 131.5 1,862.4 2,834.7 609.0 4,436.0 12,456.8 754.0 4,677.7 4,498.3 331.0 663.9 1,364.1 CLIQ REACH SONA 0.675 0.600 0.435 Unch -0.010 Unch 884.2 145 333.2 0.675 0.000 0.440 — — — — — — 425.9 766.7 613.7 CLOSING (RM) +/– (RM) VOL (‘000) VWAP* (RM) PE# (X) DY (%) MKT CAP (MIL) 0.000 0.128 0.315 0.149 0.000 0.082 0.000 0.140 0.214 0.305 0.196 0.146 0.180 — 0.080 — — 0.470 0.145 72.34 — 35.27 — 10.83 — 11.27 — — 24.39 — — 13.20 65.79 15.56 16.94 — — 35.42 1.10 — 0.37 — — — 0.72 — — 5.00 — — 1.69 — — — — — — 59.8 36.8 164.6 51.9 66.8 40.0 142.0 30.0 22.4 112.0 35.1 30.4 79.2 18.8 80.1 25.5 86.1 39.8 29.1 5234 5256 5241 Ace Market YEAR HIGH YEAR LOW DAY HIGH INDUSTRIAL PRODUCTS 0.790 0.210 0.680 0.150 0.070 0.085 0.590 0.252 0.460 0.320 0.135 0.240 0.370 0.145 0.340 0.093 0.040 0.050 0.530 0.243 0.465 0.185 0.070 0.090 0.515 0.110 0.165 0.235 0.085 0.100 0.275 0.120 0.145 0.180 0.070 0.120 0.435 0.235 0.355 0.180 0.105 — 0.145 0.055 0.070 0.180 0.085 — 0.315 0.120 — 0.415 0.145 0.190 0.250 0.150 0.170 TECHNOLOGY 0.290 0.130 0.160 1.600 0.300 0.440 0.015 0.005 — 1.160 0.800 0.885 0.395 0.165 0.200 0.120 0.015 0.055 0.150 0.055 0.055 0.145 0.050 0.060 0.142 0.060 0.070 0.430 0.190 0.270 0.145 0.050 — 0.260 0.110 0.160 0.070 0.030 0.040 0.195 0.085 0.115 0.155 0.069 0.125 1.854 0.372 0.970 0.095 0.045 0.060 0.230 0.085 0.155 0.210 0.100 0.135 0.425 0.165 0.210 0.705 0.443 — 0.565 0.120 0.395 0.670 0.180 0.245 0.085 0.040 0.045 0.415 0.100 0.170 0.265 0.105 — 0.160 0.050 — 0.660 0.360 — 1.950 0.500 1.160 0.469 0.290 0.345 0.115 0.070 — 0.877 0.368 0.700 0.380 0.180 0.185 0.365 0.175 0.265 0.265 0.080 — 0.931 0.606 — 0.090 0.025 0.040 0.145 0.055 0.075 0.250 0.095 0.120 0.420 0.120 — 1.307 0.488 0.745 0.460 0.262 0.370 0.060 0.030 — 0.430 0.100 0.270 0.188 0.075 0.090 0.530 0.288 0.440 0.165 0.030 — 0.660 0.395 0.490 0.930 0.170 0.275 0.175 0.065 0.095 0.388 0.163 0.330 0.215 0.090 — 0.397 0.104 0.250 0.260 0.100 0.110 0.160 0.080 0.130 0.425 0.140 0.170 0.460 0.070 0.075 0.425 0.055 0.255 0.490 0.110 0.160 0.642 0.485 0.575 TRADING SERVICES 0.280 0.180 — 0.200 0.095 — 0.260 0.050 0.055 0.344 0.186 — 0.335 0.205 — 0.705 0.350 0.380 0.380 0.280 — 0.275 0.100 — 0.240 0.150 0.155 0.360 0.120 0.190 0.400 0.270 — 0.330 0.136 0.210 0.055 0.005 — 0.240 0.130 — 0.900 0.575 0.650 1.260 0.480 — 2.670 1.105 — 0.310 0.192 0.250 0.560 0.325 0.380 1.240 0.450 1.160 0.240 0.100 — 0.060 0.030 0.035 0.110 0.045 0.080 FINANCE 0.730 0.390 0.490 DAY LOW CODE COUNTER 0.650 0.080 0.445 0.235 0.320 0.050 0.450 0.080 0.165 0.100 0.140 0.115 0.345 — 0.065 — — 0.185 0.170 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 0.680 0.085 0.455 0.240 0.325 0.050 0.460 0.090 0.165 0.100 0.145 0.120 0.355 0.125 0.070 0.105 0.155 0.185 0.170 0.015 Unch 0.005 0.005 -0.005 -0.005 0.005 0.005 -0.005 -0.005 -0.005 0.005 0.005 — 0.005 — — -0.005 -0.010 233.2 1235.4 1181.9 5778.9 2896.2 459.7 1851.4 71 25 87.9 50.1 3304 361 — 730 — — 556 80 0.160 0.440 — 0.850 0.200 0.055 0.055 0.060 0.065 0.255 — 0.155 0.040 0.115 0.115 0.860 0.060 0.140 0.130 0.205 — 0.395 0.235 0.040 0.160 — — — 1.090 0.330 — 0.680 0.180 0.250 — — 0.035 0.070 0.115 — 0.730 0.365 — 0.250 0.085 0.435 — 0.455 0.260 0.095 0.325 — 0.225 0.105 0.115 0.165 0.070 0.245 0.150 0.570 0119 0068 0039 0098 0079 0022 0152 0131 0154 0107 0116 0104 0045 0074 0174 0023 0034 0094 0069 0010 0146 0127 0111 0036 0176 0017 0075 0155 0126 0112 0085 0113 0103 0156 0092 0108 0020 0096 0026 0018 0035 0040 0005 0123 0007 0106 0135 0178 0117 0169 0093 0129 0050 0132 0060 0120 0066 0141 0086 0009 APPASIA ASDION ASIAEP BAHVEST CWORKS CYBERT DGB DGSB EAH EDUSPEC FOCUS GENETEC GNB GOCEAN IDMENSN IFCAMSC INGENCO INIX INSTACO IRIS JFTECH JHM K1 KGROUP KRONO M3TECH MEXTER MGRC MICROLN MIKROMB MLAB MMSV MNC MPAY MTOUCHE N2N NETX NEXGRAM NOVAMSC OMEDIA OPCOM OPENSYS PALETTE PRIVA PUC REXIT SCN SEDANIA SMRT SMTRACK SOLUTN SRIDGE SYSTECH TDEX TMS VIS VSOLAR WINTONI YGL YTLE 0.160 0.440 0.010 0.860 0.200 0.055 0.055 0.060 0.065 0.265 0.055 0.155 0.040 0.115 0.120 0.970 0.060 0.155 0.135 0.205 0.650 0.395 0.245 0.045 0.170 0.130 0.065 0.590 1.110 0.345 0.085 0.695 0.180 0.255 0.080 0.690 0.035 0.070 0.120 0.230 0.740 0.365 0.045 0.270 0.090 0.440 0.050 0.475 0.270 0.095 0.325 0.120 0.245 0.110 0.125 0.170 0.070 0.255 0.155 0.570 -0.005 Unch — -0.015 -0.010 -0.005 Unch Unch -0.005 -0.005 — -0.005 Unch Unch Unch 0.090 Unch 0.010 0.005 -0.005 — Unch 0.005 Unch Unch — — — 0.020 0.010 — -0.005 -0.010 -0.005 — — Unch Unch 0.005 — -0.020 Unch — 0.015 0.005 0.005 — -0.005 0.005 Unch -0.005 — 0.010 Unch 0.005 -0.005 Unch 0.005 0.010 -0.005 123.9 10 — 152.6 20 410.2 766 178.6 2263.2 272 — 563.4 450 70 38216.4 83022.5 1320 90.1 5543.4 5325.1 — 110 3926.9 374 1433.5 — — — 149 623.5 — 945.9 630.1 30626.7 — — 692 1549.9 746 — 682.2 712.2 — 15599.5 3633.2 20 — 94 1411.5 1209.9 380 — 6239.9 206.5 57841.9 693.6 5576 3205.7 234.4 256.5 0.111 — 0.460 — — — 1.193 — 0.185 — 0.070 5.79 0.216 — 0.073 15.00 0.208 — 0.126 35.33 — — 0.130 6.40 0.060 3.42 0.169 115.00 0.123 — 0.085 14.65 0.079 — 0.146 — 0.262 — 0.275 — — 26.86 0.000 19.95 0.327 10.34 0.066 — 0.000 2.82 — — — — — 15.28 0.000 26.49 0.260 11.90 — — 0.203 9.71 0.335 23.08 0.115 159.38 — — — 34.67 0.070 — 0.088 17.95 0.070 54.55 — — 0.745 19.17 0.170 11.89 — — 0.100 23.48 0.221 11.84 0.402 14.97 — — 0.000 15.32 0.224 300.00 0.100 — 0.322 12.85 — — 0.105 28.49 0.121 — 0.066 — 0.585 13.39 0.000 — 0.060 — 0.000 — 0.630 21.43 — — — — — — — — — — — — — — — 1.03 — — — — 1.15 — 2.04 — — — — — 2.70 1.45 — 2.88 — — — 1.45 — — — — 2.70 2.74 — 0.93 — 3.41 — — — — 3.08 — 2.45 — — — — — — 7.02 45.0 51.2 8.1 367.2 24.2 5.5 26.9 81.4 96.9 224.2 38.8 54.5 11.6 30.3 59.4 542.2 57.2 21.6 175.6 418.3 81.9 48.6 106.0 26.1 40.3 24.1 12.8 55.5 168.9 97.2 15.9 113.3 17.0 181.2 18.5 303.7 21.9 131.8 59.8 49.1 119.3 81.5 13.1 150.7 95.9 83.3 10.0 95.0 70.3 26.9 64.9 14.5 77.7 41.3 62.1 18.8 21.2 130.8 30.0 769.5 — — 0.050 — — 0.380 — — 0.155 0.185 — 0.200 — — 0.640 — — 0.245 0.370 1.090 — 0.035 0.075 0122 0048 0150 0011 0157 0081 0147 0167 0153 0177 0006 0171 0110 0080 0032 0173 0158 0161 0137 0089 0145 0140 0165 AIM ANCOMLB ASIABIO BTECH FOCUSP IDEAL INNITY MCLEAN OVERSEA PASUKGB PINEAPP PLABS RA RAYA REDTONE REV SCC SCH STEMLFE TEXCYCL TFP UTOPIA XOX 0.240 0.115 0.055 0.230 0.270 0.380 0.300 0.185 0.155 0.190 0.280 0.205 0.010 0.170 0.650 0.540 1.710 0.245 0.370 1.140 0.150 0.035 0.080 — — Unch — — -0.005 — — Unch 0.005 — Unch — — Unch — — -0.015 -0.015 -0.040 — Unch Unch — — 1274.6 — — 24.1 — — 4 2529.1 — 460.2 — — 108 — — 1224 80 467.1 — 1585 1183.8 — 120.00 — — 0.103 — — 14.20 — 54.00 0.078 13.33 — 65.22 — — 0.125 — 0.165 — — — 0.150 11.65 — — — — 0.695 28.63 — — — 10.85 0.000 12.13 0.399 — 0.466 36.08 — — 0.077 — 0.164 32.00 — — — 2.74 3.70 — — — 3.87 — — 2.44 — — — — 2.92 6.12 8.11 0.22 — — — 63.9 54.4 47.7 58.0 44.6 70.5 41.5 21.7 38.0 56.1 13.6 42.4 9.7 22.2 492.0 72.7 73.1 101.0 91.6 194.7 30.8 34.6 26.6 0.475 0053 OSKVI 0.490 -0.010 5.1 0.536 4.08 96.5 — 36 Markets M ON DAY SEP TEM B ER 28, 2 0 1 5 • TH EEDGE F I N AN C I AL DAI LY MO B U R S A M A L AY S I A E Q U I T Y D E R I VAT I E S Bursa Malaysia Equity Derivatives Main Market & Ace Market Warrants YEAR HIGH YEAR LOW DAY HIGH DAY LOW CODE 0.150 0.025 0.075 0.070 0.120 0.510 0.155 0.090 0.110 0.145 0.135 0.090 0.140 0.005 0.115 0.120 0.100 0.150 0.065 0.310 0.315 0.435 0.180 0.100 0.215 0.145 0.110 0.100 0.040 0.095 0.195 0.300 0.145 0.145 0.085 0.205 0.225 0.220 0.085 0.100 0.130 0.115 0.100 0.295 0.950 0.110 0.100 0.205 0.060 0.065 0.080 0.100 0.145 0.115 0.455 0.080 0.150 0.085 0.650 0.310 0.030 0.415 0.180 0.155 0.095 0.140 0.080 0.140 0.055 0.045 0.275 2.550 0.210 0.080 0.860 0.220 0.130 0.285 0.330 0.145 0.860 0.038 0.237 0.130 0.720 0.450 0.450 0.370 0.200 0.145 0.020 0.185 0.085 0.245 0.280 0.305 0.190 0.120 0.225 0.210 0.130 0.125 1.950 0.405 0.180 0.560 0.035 0.200 0.095 0.095 0.075 0.120 0.040 0.360 0.040 0.095 0.120 0.115 0.675 0.200 0.200 0.125 0.140 0.135 0.210 0.170 0.060 0.350 0.100 0.075 0.095 0.195 0.070 0.065 0.105 0.220 0.095 0.170 0.080 0.260 0.085 0.120 0.185 0.105 0.095 0.220 0.550 0.035 0.071 0.086 0.220 0.120 0.850 0.225 0.210 0.135 0.325 0.350 0.695 0.055 0.620 0.620 0.330 0.669 0.680 0.195 0.270 0.200 0.545 0.750 0.285 0.240 0.940 0.515 0.180 0.005 0.005 0.005 0.035 0.035 0.175 0.125 0.035 0.005 0.060 0.005 0.005 0.005 0.005 0.005 0.005 0.005 0.015 0.015 0.090 0.085 0.375 0.085 0.005 0.200 0.115 0.010 0.010 0.005 0.035 0.080 0.090 0.055 0.060 0.085 0.010 0.050 0.010 0.030 0.040 0.060 0.005 0.005 0.005 0.135 0.020 0.090 0.085 0.015 0.025 0.030 0.025 0.055 0.025 0.150 0.005 0.150 0.050 0.290 0.090 0.005 0.200 0.030 0.020 0.070 0.140 0.005 0.010 0.005 0.035 0.095 1.550 0.025 0.040 0.355 0.075 0.025 0.035 0.060 0.025 0.410 0.010 0.070 0.005 0.255 0.085 0.095 0.020 0.020 0.005 0.010 0.045 0.050 0.180 0.040 0.085 0.085 0.100 0.220 0.130 0.115 0.005 0.140 0.160 0.070 0.005 0.010 0.040 0.005 0.005 0.015 0.095 0.005 0.150 0.020 0.050 0.115 0.115 0.255 0.010 0.155 0.020 0.020 0.075 0.055 0.045 0.060 0.250 0.020 0.030 0.005 0.005 0.035 0.025 0.055 0.035 0.015 0.065 0.020 0.100 0.035 0.120 0.030 0.015 0.055 0.095 0.160 0.005 0.020 0.025 0.080 0.015 0.305 0.040 0.115 0.035 0.105 0.115 0.600 0.020 0.180 0.040 0.140 0.300 0.140 0.060 0.085 0.125 0.100 0.420 0.140 0.130 0.695 0.470 0.160 — — — 0.055 — — — — — — — — — — — 0.005 — 0.080 0.035 0.270 0.265 0.385 0.100 — — — 0.025 — — — — 0.155 0.075 0.105 — — 0.060 0.015 — — 0.100 — — — — 0.025 — — — 0.030 — 0.025 0.055 0.060 0.250 — 0.150 — 0.365 0.160 — — — — — — — — — — 0.120 — — 0.045 0.500 — — 0.160 0.170 0.035 0.445 0.015 0.155 — — 0.115 0.135 — — — — 0.060 — — — 0.125 — — 0.220 — — — 0.215 0.230 0.125 — 0.030 0.050 — — — — — 0.185 — — — — 0.400 — — — — — — — — 0.270 0.020 — — — — 0.030 — 0.220 0.060 0.170 0.065 0.260 0.055 — — — — — 0.205 — — — 0.125 0.045 0.440 — — 0.060 0.160 0.320 — — — 0.065 — 0.380 0.320 — — 0.200 0.205 0.595 0.185 0.175 0.720 0.475 0.180 — — — 0.050 — — — — — — — — — — — 0.005 — 0.070 0.030 0.265 0.235 0.375 0.090 — — — 0.025 — — — — 0.150 0.075 0.105 — — 0.050 0.015 — — 0.095 — — — — 0.020 — — — 0.030 — 0.025 0.055 0.045 0.210 — 0.150 — 0.350 0.145 — — — — — — — — — — 0.115 — — 0.040 0.490 — — 0.145 0.160 0.035 0.440 0.010 0.145 — — 0.115 0.130 — — — — 0.055 — — — 0.120 — — 0.220 — — — 0.175 0.225 0.125 — 0.025 0.050 — — — — — 0.185 — — — — 0.385 — — — — — — — — 0.260 0.020 — — — — 0.025 — 0.165 0.045 0.155 0.050 0.230 0.050 — — — — — 0.195 — — — 0.110 0.040 0.425 — — 0.060 0.160 0.310 — — — 0.065 — 0.360 0.305 — — 0.200 0.160 0.540 0.180 0.160 0.720 0.470 0.160 5238CR 5238CS 5238CT 5238WA 7086WA 7061WB 6599CD 6599CE 5185CS 7315WB 509915 509916 509917 509918 509919 509920 509921 509922 509923 509924 509925 509926 5099HB 5014CL 5014CM 5014CN 5014CO 1015CV 0159WA 5194WA 0119WA 52812 52813 52814 7007WB 5210C2 5210C3 5210C4 5210C5 5210C6 5210C7 5210CW 5210CY 5210CZ 0068WB 0150WA 6399CS 6399CT 7070WA 7070WB 0072WA 6888C2 6888C3 6888C4 7078WA 4162CD 4162CE 5258CT 5258WA 6998WA 7193WA 3239WA 5248CE 5248CH 5248CI 5248CJ 3395CU 3395CW 3395CX 3395CY 3395WB 5196WA 6025WA 7187WA 7036WB 9938WB 2771CK 7188WA 7188WB 1818C8 7174WA 5229WA 0163WA 7076CB 7076WA 5195WA 5195WB 7016WB 1023C3 1023C4 1023C5 1023C6 1023C7 53511 2852CJ 2852CL 2852CM 2852CN 2852CO 5071CH 5071CJ 5071CK 5071WA 2127WA 0102WA 8591WB 5214WA 0051WA 5141CO 5141CP 5141CQ 5141CR 7179WA 7212WA 0152WA 7277C1 7277C3 7277C5 7277WA 6947C1 6947C2 6947C3 6947C5 6947C6 0029WA 0029WB 5835WC 7169WA 7198WA 7198WB 161910 161911 161914 161915 161916 5216CB 5216CC 5216CD 5216CE 5216CF 3417C1 3417CW 3417CX 3417CY 3417CZ 3417HB 3417WB 0154WA 0154WB 0154WC 3557WC 8206CB 8206WA 1368CA 1368CB 1368CC 0107WA 0065WA 5081WA 7182WA 8877WB 6076WA 7149WA 5056WA 7249WA 7047WB 9776WB 56010 0650C1 65010 65011 65012 65013 65014 65018 WARRANTS AAX-CR AAX-CS AAX-CT AAX-WA ABLEGRP-WA ABRIC-WB AEON-CD AEON-CE AFFIN-CS AHB-WB AIRASIAC15 AIRASIAC16 AIRASIAC17 AIRASIAC18 AIRASIAC19 AIRASIAC20 AIRASIAC21 AIRASIAC22 AIRASIAC23 AIRASIAC24 AIRASIAC25 AIRASIAC26 AIRASIA-HB AIRPORT-CL AIRPORT-CM AIRPORT-CN AIRPORT-CO AMBANK-CV AMEDIA-WA APFT-WA APPASIA-WA APPLE-C12 APPLE-C13 APPLE-C14 ARK-WB ARMADA-C2 ARMADA-C3 ARMADA-C4 ARMADA-C5 ARMADA-C6 ARMADA-C7 ARMADA-CW ARMADA-CY ARMADA-CZ ASDION-WB ASIABIO-WA ASTRO-CS ASTRO-CT ASUPREM-WA ASUPREM-WB AT-WA AXIATA-C2 AXIATA-C3 AXIATA-C4 AZRB-WA BAT-CD BAT-CE BIMB-CT BIMB-WA BINTAI-WA BIOSIS-WA BJASSET-WA BJAUTO-CE BJAUTO-CH BJAUTO-CI BJAUTO-CJ BJCORP-CU BJCORP-CW BJCORP-CX BJCORP-CY BJCORP-WB BJFOOD-WA BJMEDIA-WA BKOON-WA BORNOIL-WB BRIGHT-WB BSTEAD-CK BTM-WA BTM-WB BURSA-C8 CAB-WA CAP-WA CAREPLS-WA CBIP-CB CBIP-WA CENSOF-WA CENSOF-WB CHUAN-WB CIMB-C3 CIMB-C4 CIMB-C5 CIMB-C6 CIMB-C7 CITIGRPC11 CMSB-CJ CMSB-CL CMSB-CM CMSB-CN CMSB-CO COASTAL-CH COASTAL-CJ COASTAL-CK COASTAL-WA COMFORT-WA CONNECT-WA CRESBLD-WB CSL-WA CUSCAPI-WA DAYANG-CO DAYANG-CP DAYANG-CQ DAYANG-CR DBE-WA DESTINI-WA DGB-WA DIALOG-C1 DIALOG-C3 DIALOG-C5 DIALOG-WA DIGI-C1 DIGI-C2 DIGI-C3 DIGI-C5 DIGI-C6 DIGISTA-WA DIGISTA-WB DOLMITE-WC DOMINAN-WA DPS-WA DPS-WB DRBHCOMC10 DRBHCOMC11 DRBHCOMC14 DRBHCOMC15 DRBHCOMC16 DSONIC-CB DSONIC-CC DSONIC-CD DSONIC-CE DSONIC-CF E&O-C1 E&O-CW E&O-CX E&O-CY E&O-CZ E&O-HB E&O-WB EAH-WA EAH-WB EAH-WC ECOFIRS-WC ECOWLD-CB ECOWLD-WA EDGENTA-CA EDGENTA-CB EDGENTA-CC EDUSPEC-WA EFORCE-WA EIG-WA EKA-WA EKOVEST-WB ENCORP-WA ENGKAH-WA ENGTEX-WA EWEIN-WA FAJAR-WB FARMBES-WB FB-C10 FBMKLCI-C1 FBMKLCI-C10 FBMKLCI-C11 FBMKLCI-C12 FBMKLCI-C13 FBMKLCI-C14 FBMKLCI-C18 CLOSE (RM) +/(RM) 0.005 0.005 0.010 0.050 0.035 0.225 0.125 0.045 0.020 0.090 0.005 0.005 0.005 0.005 0.005 0.005 0.010 0.075 0.030 0.265 0.245 0.375 0.100 0.005 0.200 0.115 0.025 0.015 0.010 0.040 0.110 0.155 0.075 0.105 0.085 0.010 0.060 0.015 0.030 0.065 0.100 0.005 0.005 0.010 0.315 0.020 0.095 0.085 0.020 0.030 0.040 0.025 0.055 0.055 0.210 0.005 0.150 0.065 0.360 0.150 0.005 0.330 0.030 0.025 0.080 0.140 0.010 0.010 0.005 0.035 0.120 1.650 0.030 0.045 0.495 0.090 0.045 0.155 0.165 0.035 0.445 0.010 0.155 0.055 0.280 0.115 0.135 0.025 0.020 0.005 0.020 0.060 0.055 0.245 0.160 0.120 0.100 0.100 0.220 0.145 0.130 0.025 0.215 0.230 0.125 0.005 0.030 0.050 0.010 0.005 0.015 0.120 0.005 0.185 0.020 0.050 0.120 0.115 0.385 0.020 0.195 0.030 0.055 0.115 0.075 0.065 0.060 0.270 0.020 0.040 0.005 0.005 0.050 0.030 0.090 0.210 0.050 0.165 0.060 0.255 0.050 0.120 0.030 0.020 0.060 0.185 0.205 0.005 0.035 0.030 0.125 0.040 0.425 0.200 0.115 0.060 0.160 0.315 0.600 0.025 0.270 0.065 0.200 0.375 0.315 0.110 0.185 0.200 0.200 0.585 0.185 0.175 0.720 0.475 0.175 — — — Unch — — — — — — — — — — — -0.005 — -0.010 -0.005 -0.010 -0.035 -0.020 0.015 — — — -0.035 — — — — 0.015 0.005 0.010 — — -0.020 -0.010 — — Unch — — — — Unch — — — Unch — -0.010 Unch -0.030 -0.040 — Unch — Unch -0.005 — — — — — — — — — — Unch — — Unch 0.010 — — -0.005 -0.005 Unch 0.005 -0.005 -0.005 — — -0.010 Unch — — — — 0.005 — — — -0.010 — — -0.005 — — — 0.040 -0.005 Unch — 0.005 Unch — — — — — -0.005 — — — — -0.015 — — — — — — — — 0.010 Unch — — — — Unch — 0.050 0.015 0.020 0.010 0.040 -0.010 — — — — — 0.005 — — — Unch -0.010 -0.025 — — Unch -0.005 0.005 — — — -0.005 — -0.005 -0.005 — — 0.025 0.005 0.015 Unch 0.010 -0.030 Unch 0.005 VOL PARENT EXE (‘000) PRICE PRICE — — — 2078.1 — — — — — — — — — — — 35 — 185.9 9441 220 11012.4 20 575 — — — 10 — — — — 132.5 2 50 — — 1089.6 298.1 — — 700 — — — — 649 — — — 80 — 2 180 242 40.1 — 1 — 230.1 9633.8 — — — — — — — — — — 436 — — 265 245 — — 1824.7 232.4 50 105 3679.2 2778.1 — — 50 561.3 — — — — 18193 — — — 330 — — 400 — — — 10 492 474.9 — 117.1 20 — — — — — 70.7 — — — — 316 — — — — — — — — 510.6 160 — — — — 800 — 8124.7 3398.1 320.7 37080 3248.9 1180 — — — — — 84.1 — — — 37.8 336 567.3 — — 8.1 20 791.7 — — — 350 — 622.3 124.5 — — 20 14924.8 1092 560 20711.6 9 20.1 779 0.210 0.210 0.210 0.210 0.130 0.525 2.710 2.710 2.340 0.175 1.300 1.300 1.300 1.300 1.300 1.300 1.300 1.300 1.300 1.300 1.300 1.300 1.300 5.140 5.140 5.140 5.140 4.550 0.025 0.225 0.160 499.84 499.84 499.84 0.310 0.930 0.930 0.930 0.930 0.930 0.930 0.930 0.930 0.930 0.440 0.055 2.880 2.880 0.120 0.120 0.085 5.900 5.900 5.900 0.655 61.920 61.920 3.990 3.990 0.270 0.020 0.800 2.060 2.060 2.060 2.060 0.360 0.360 0.360 0.360 0.360 2.180 0.420 0.095 0.615 0.365 3.850 0.305 0.305 8.080 0.990 0.120 0.455 1.830 1.830 0.275 0.275 0.450 4.690 4.690 4.690 4.690 4.690 213.54 5.220 5.220 5.220 5.220 5.220 1.900 1.900 1.900 1.900 0.730 0.240 0.980 0.110 0.140 1.720 1.720 1.720 1.720 0.050 0.575 0.055 1.600 1.600 1.600 1.600 5.490 5.490 5.490 5.490 5.490 0.200 0.200 0.280 1.170 0.075 0.075 1.350 1.350 1.350 1.350 1.350 1.440 1.440 1.440 1.440 1.440 1.590 1.590 1.590 1.590 1.590 1.590 1.590 0.065 0.065 0.065 0.280 1.460 1.460 3.380 3.380 3.380 0.265 0.615 0.880 0.145 0.915 0.755 1.990 1.110 0.720 0.430 0.550 410.35 1,615 1,614 1,614 1,614 1,614 1,614 1,614 0.531 0.563 0.402 0.460 0.150 0.300 3.000 3.150 2.750 0.200 2.700 3.000 2.700 2.800 2.500 2.500 2.300 1.650 1.800 1.050 1.200 0.900 1.050 7.095 6.622 7.000 6.800 6.000 0.250 0.400 0.130 434.80 556.54 448.90 1.000 1.000 0.980 1.200 1.200 1.000 0.950 1.380 1.270 1.200 0.500 0.100 2.980 2.650 0.200 0.200 0.120 7.180 6.700 6.400 0.700 67.500 57.000 3.880 4.720 0.200 0.500 1.000 2.214 2.714 2.300 2.400 0.430 0.400 0.480 0.380 1.000 0.700 0.870 0.200 0.100 0.820 4.200 0.940 0.200 8.400 0.550 1.522 0.320 2.440 2.400 0.460 0.460 0.500 6.000 6.000 6.000 5.400 5.650 208.70 4.050 4.900 5.200 5.000 5.300 2.800 3.400 3.000 3.180 0.500 0.100 1.000 1.150 0.270 3.300 3.080 2.800 2.700 0.100 0.400 0.110 1.480 1.700 1.500 1.190 5.800 6.200 5.600 6.200 5.400 0.130 0.260 0.500 1.300 0.540 0.100 1.880 1.800 1.600 1.750 1.400 1.250 1.250 1.180 1.450 1.000 1.800 2.346 1.891 2.000 1.850 1.891 2.600 0.250 0.120 0.100 0.300 1.680 2.080 3.076 3.400 3.900 0.180 0.680 0.500 0.200 1.350 1.000 3.500 0.830 0.610 0.700 1.000 329.92 1,740 1,720 1,600 1,520 1,560 1,500 1,680 PR’M (%) 154.68 170.01 96.07 142.86 42.31 0.00 29.15 21.22 20.09 65.71 109.23 132.31 109.23 116.73 93.85 93.08 79.23 38.46 44.23 11.35 14.92 12.50 -7.69 38.87 47.24 53.13 34.24 33.85 940.00 95.56 50.00 2.49 21.85 2.41 250.00 9.68 15.05 30.65 37.10 21.51 19.35 50.00 37.63 30.11 85.23 118.18 23.26 3.82 83.33 91.67 88.24 24.24 16.82 11.27 38.93 9.82 4.17 7.02 27.32 29.63 2,425 66.25 13.73 36.96 28.74 36.89 22.22 13.19 34.58 15.28 211.11 7.80 114.29 157.89 -3.25 149.32 13.77 259.02 19.67 6.56 0.51 1,176 4.40 42.35 46.45 109.09 116.36 16.67 29.64 28.57 30.49 20.90 25.16 20.68 -0.96 4.44 13.03 11.11 22.61 85.53 106.32 63.16 78.68 0.00 -6.25 2.55 972.73 128.57 94.77 80.52 65.41 77.91 110.00 1.74 136.36 1.88 21.25 11.72 -1.56 8.56 27.14 6.38 16.44 6.74 2.50 62.50 100.00 34.19 646.67 86.67 40.74 34.07 25.93 34.74 17.04 8.68 -2.08 10.59 14.03 4.86 22.64 64.67 25.79 29.56 27.67 45.37 76.42 292.31 138.46 100.00 51.79 21.92 71.58 13.06 14.20 23.37 28.30 61.79 25.00 55.17 77.05 41.06 85.93 8.56 28.47 88.37 115.45 9.64 10.22 13.75 4.80 1.71 7.74 4.59 11.62 EXPIRY DATE 30/12/2015 09/12/2015 01/10/2015 08/06/2020 19/01/2017 07/04/2016 11/12/2015 30/06/2016 31/12/2015 28/08/2019 22/10/2015 22/10/2015 30/12/2015 27/11/2015 29/02/2016 01/12/2015 19/02/2016 29/04/2016 29/01/2016 31/05/2016 07/03/2016 18/07/2016 31/05/2016 30/09/2015 22/10/2015 11/12/2015 30/06/2016 31/03/2016 02/01/2018 13/07/2018 23/12/2024 27/11/2015 29/02/2016 29/04/2016 30/06/2021 22/10/2015 25/01/2016 15/01/2016 29/01/2016 30/08/2016 07/03/2016 28/10/2015 31/12/2015 15/12/2015 24/03/2019 19/04/2024 29/01/2016 29/02/2016 08/08/2016 20/06/2018 29/01/2019 29/01/2016 29/01/2016 29/07/2016 13/05/2024 30/09/2015 29/07/2016 30/11/2015 04/12/2023 15/06/2020 24/08/2020 16/03/2018 30/10/2015 10/03/2016 29/02/2016 18/07/2016 31/12/2015 09/12/2015 01/12/2015 07/03/2016 22/04/2022 08/08/2017 16/12/2016 07/07/2023 28/02/2018 12/01/2019 29/04/2016 20/12/2019 23/10/2024 29/04/2016 08/02/2020 29/12/2016 09/08/2016 30/09/2015 06/11/2019 18/07/2017 07/10/2019 06/01/2016 09/12/2015 12/10/2015 25/01/2016 30/12/2015 15/04/2016 27/11/2015 30/10/2015 02/11/2015 08/06/2016 08/06/2016 31/03/2016 30/12/2015 10/03/2016 15/01/2016 18/07/2016 18/12/2015 17/09/2021 21/10/2015 18/09/2017 24/04/2018 30/09/2015 28/10/2015 09/12/2015 12/10/2015 22/03/2016 03/10/2016 22/04/2018 28/10/2015 12/10/2015 29/07/2016 10/02/2017 13/11/2015 09/10/2015 29/01/2016 30/12/2015 15/04/2016 07/02/2017 04/04/2023 08/08/2017 10/09/2020 03/01/2018 15/01/2025 30/11/2015 15/12/2015 29/04/2016 29/01/2016 30/08/2016 25/01/2016 01/10/2015 28/04/2016 01/12/2015 19/02/2016 29/01/2016 30/11/2015 30/12/2015 15/01/2016 08/06/2016 30/11/2015 21/07/2019 07/12/2015 24/02/2019 18/06/2019 10/09/2019 30/06/2016 26/03/2022 13/11/2015 29/02/2016 30/12/2015 24/12/2018 17/07/2019 03/01/2017 22/01/2019 25/06/2019 17/03/2016 25/09/2017 25/10/2017 09/06/2017 24/09/2019 13/07/2018 29/02/2016 30/12/2015 29/02/2016 29/02/2016 31/03/2016 31/03/2016 17/03/2016 29/04/2016 YEAR HIGH YEAR LOW DAY HIGH DAY LOW CODE 0.435 0.120 0.195 0.340 0.320 0.415 0.135 0.940 0.550 0.140 0.730 0.670 0.225 0.970 1.180 0.150 0.080 0.430 0.215 0.050 0.735 0.690 0.380 1.060 0.180 0.665 1.320 0.410 0.380 0.635 0.290 0.285 1.610 0.575 1.490 1.890 0.575 1.180 0.920 0.530 0.595 0.770 0.680 1.350 1.180 0.920 0.590 0.640 0.625 1.100 0.885 0.725 0.270 0.290 0.170 0.275 0.400 0.070 0.200 0.150 0.125 0.055 0.165 0.115 0.045 1.400 0.335 0.053 0.040 0.080 0.065 0.815 0.145 0.945 0.150 0.135 0.170 0.235 0.050 0.095 0.085 0.695 1.440 0.300 0.110 0.110 1.770 0.100 0.120 2.960 0.160 0.140 0.175 0.135 0.255 0.200 2.950 0.230 0.135 0.055 0.170 0.155 0.260 0.219 0.120 0.130 0.290 0.770 0.310 0.250 3.900 0.340 0.220 0.180 0.145 0.145 0.985 0.380 0.130 0.150 0.280 0.240 1.000 0.370 0.865 0.715 1.090 1.490 2.130 0.020 0.140 0.105 0.555 0.135 0.595 1.760 0.325 0.100 0.130 0.185 0.180 0.045 0.150 0.280 0.190 0.145 0.170 0.170 3.200 1.640 0.045 0.425 0.110 0.095 0.090 0.180 0.090 0.135 0.090 0.160 0.075 0.395 0.155 0.315 0.315 0.225 0.037 0.145 0.240 0.155 0.285 0.090 0.430 0.510 0.360 0.300 0.240 0.195 0.180 1.840 0.035 0.060 0.035 0.060 0.075 0.055 0.120 0.045 0.540 0.010 0.005 0.005 0.005 0.035 0.005 0.005 0.010 0.010 0.005 0.010 0.010 0.160 0.305 0.250 0.595 0.140 0.660 0.815 0.220 0.100 0.410 0.175 0.280 0.470 0.050 0.340 0.500 0.040 0.250 0.130 0.080 0.085 0.200 0.160 0.685 0.515 0.370 0.100 0.075 0.085 0.480 0.355 0.295 0.195 0.255 0.050 0.005 0.010 0.005 0.025 0.025 0.035 0.005 0.005 0.005 0.005 1.400 0.105 0.015 0.015 0.010 0.030 0.480 0.050 0.300 0.150 0.015 0.045 0.155 0.005 0.005 0.035 0.130 0.450 0.005 0.005 0.010 1.040 0.020 0.030 1.500 0.150 0.010 0.025 0.075 0.250 0.190 0.530 0.125 0.020 0.025 0.030 0.060 0.070 0.060 0.005 0.010 0.050 0.200 0.200 0.145 1.960 0.195 0.050 0.160 0.005 0.050 0.625 0.030 0.050 0.120 0.155 0.115 0.370 0.160 0.365 0.240 0.845 1.140 1.500 0.005 0.035 0.005 0.170 0.005 0.245 0.285 0.155 0.045 0.100 0.185 0.020 0.005 0.130 0.160 0.085 0.065 0.050 0.150 1.567 1.020 0.010 0.150 0.015 0.030 0.015 0.105 0.010 0.100 0.020 0.035 0.060 0.150 0.040 0.050 0.020 0.070 0.003 0.035 0.075 0.050 0.120 0.015 0.025 0.110 0.150 0.125 0.030 0.115 0.120 0.487 0.010 0.135 0.060 0.075 0.110 0.180 0.280 0.075 0.750 — — — 0.005 0.040 — 0.005 0.025 0.025 — 0.015 — 0.405 0.440 0.360 0.770 0.155 — 1.010 0.310 0.135 0.510 0.230 — — 0.350 — — 0.315 — 0.435 0.350 0.350 0.550 0.445 — — 0.580 0.285 0.280 0.345 0.835 0.685 0.515 0.230 — — — — 0.015 — 0.085 0.080 — — — — — 0.140 0.025 — — — — — — — 0.040 — 0.170 — — — 0.170 — — — — — — — 2.110 — 0.025 0.040 0.090 0.255 0.200 0.900 0.225 — — — — — 0.180 — 0.020 0.265 — 0.280 0.185 3.770 — 0.220 — — 0.085 0.960 — — — — — 0.435 0.265 0.450 0.245 0.880 — 1.750 0.010 — — 0.225 — — 0.860 — — — — 0.030 0.025 — — — — 0.080 0.155 — 1.320 — 0.200 0.020 0.055 — 0.115 — — — — 0.070 0.170 0.050 — 0.070 0.085 — 0.050 0.100 — 0.175 — 0.045 — — — 0.125 — — 1.410 0.020 0.110 0.050 0.070 0.100 0.160 0.240 0.065 0.690 — — — 0.005 0.035 — 0.005 0.020 0.020 — 0.015 — 0.350 0.400 0.360 0.710 0.140 — 0.955 0.270 0.110 0.495 0.225 — — 0.320 — — 0.280 — 0.320 0.340 0.335 0.510 0.415 — — 0.500 0.265 0.250 0.320 0.800 0.660 0.480 0.225 — — — — 0.010 — 0.080 0.070 — — — — — 0.140 0.020 — — — — — — — 0.030 — 0.155 — — — 0.170 — — — — — — — 2.110 — 0.020 0.035 0.090 0.250 0.190 0.840 0.195 — — — — — 0.105 — 0.015 0.250 — 0.255 0.175 3.750 — 0.220 — — 0.065 0.945 — — — — — 0.435 0.255 0.440 0.245 0.845 — 1.640 0.005 — — 0.210 — — 0.765 — — — — 0.030 0.020 — — — — 0.075 0.155 — 1.300 — 0.195 0.020 0.055 — 0.105 — — — — 0.060 0.170 0.045 — 0.065 0.080 — 0.045 0.095 — 0.170 — 0.035 — — — 0.125 — — 1.400 0.020 0650C2 0650C3 0650C4 0650C5 0650C6 0650C7 0650C8 0650C9 0650CM 0650CN 0650CO 0650CP 0650CR 0650CS 0650CT 0650CU 0650CV 0650CW 0650CX 0650CY 0650CZ 0650H1 65019 0650H2 65021 65023 0650H3 0650H4 0650H5 0650H6 0650H7 0650H8 0650HF 0650HG 0650HH 0650HI 0650HK 0650HL 0650HM 0650HN 0650HO 0650HP 0650HQ 0650HR 0650HS 0650HT 0650HU 0650HV 0650HW 0650HX 0650HY 0650HZ 0650JA 0650JB 8605WB 5222C2 5222C3 5222C4 5222C5 5222C6 5222C7 5222CV 5222CW 5222CX 5222CZ 6939WB 9318WB 0109WA 0109WB 0116WB 0116WC 7210WA 9377WA 7161WA 539815 539818 539820 539821 5209CR 5209CS 5209CT 5226WA 3611WA 5102WA 0078CA 0078CB 0078WA 471510 4715C9 2291WA 318220 318222 318223 318224 318225 318226 3182WA 1147WA 0074WA 7096WA 7022CC 7022CE 7022CF 7676WB 1503CA 7253WA 3034CK 3034CL 3034CM 3034CN 3034WA 5168CN 5168CO 5168CP 9342WA 9342WB 5095WB 5072WA 5819CL 3301CE 3301CF 3301CG 5169WA 7213WB 65110 65111 65112 65113 65114 7013WA 5000CA 9601WC 4251WA 5255CA 0081WA 0023WA 5225CV 5225CW 5225CX 3336CU 3336CV 3336CW 2216CD 0166CE 0166CF 0166CG 0166CH 0166CI 0166WA 0166WB 0034WA 3379WB 0069WB 0069WC 1961C6 1961C7 5249CF 5249CG 5249CH 5249CI 5249CJ 8834WB 7183WA 0010WA 0010WB 5175WA 7223WA 0024WA 9083WB 8923WA 7167WA 4383CD 0111WB 5247CD 5247CE 5247CF 5247CH 5247CI 5247CJ 7216WA 3115WC WARRANTS FBMKLCI-C2 FBMKLCI-C3 FBMKLCI-C4 FBMKLCI-C5 FBMKLCI-C6 FBMKLCI-C7 FBMKLCI-C8 FBMKLCI-C9 FBMKLCI-CM FBMKLCI-CN FBMKLCI-CO FBMKLCI-CP FBMKLCI-CR FBMKLCI-CS FBMKLCI-CT FBMKLCI-CU FBMKLCI-CV FBMKLCI-CW FBMKLCI-CX FBMKLCI-CY FBMKLCI-CZ FBMKLCI-H1 FBMKLCI-H19 FBMKLCI-H2 FBMKLCI-H21 FBMKLCI-H23 FBMKLCI-H3 FBMKLCI-H4 FBMKLCI-H5 FBMKLCI-H6 FBMKLCI-H7 FBMKLCI-H8 FBMKLCI-HF FBMKLCI-HG FBMKLCI-HH FBMKLCI-HI FBMKLCI-HK FBMKLCI-HL FBMKLCI-HM FBMKLCI-HN FBMKLCI-HO FBMKLCI-HP FBMKLCI-HQ FBMKLCI-HR FBMKLCI-HS FBMKLCI-HT FBMKLCI-HU FBMKLCI-HV FBMKLCI-HW FBMKLCI-HX FBMKLCI-HY FBMKLCI-HZ FBMKLCI-JA FBMKLCI-JB FFHB-WB FGV-C2 FGV-C3 FGV-C4 FGV-C5 FGV-C6 FGV-C7 FGV-CV FGV-CW FGV-CX FGV-CZ FIAMMA-WB FITTERS-WB FLONIC-WA FLONIC-WB FOCUS-WB FOCUS-WC FREIGHT-WA FSBM-WA FUTUTEC-WA GAMUDA-C15 GAMUDA-C18 GAMUDA-C20 GAMUDA-C21 GASMSIA-CR GASMSIA-CS GASMSIA-CT GBGAQRS-WA GBH-WA GCB-WA GDEX-CA GDEX-CB GDEX-WA GENM-C10 GENM-C9 GENP-WA GENTINGC20 GENTINGC22 GENTINGC23 GENTINGC24 GENTINGC25 GENTINGC26 GENTING-WA GOB-WA GOCEAN-WA GPA-WA GTRONIC-CC GTRONIC-CE GTRONIC-CF GUNUNG-WB GUOCO-CA HANDAL-WA HAPSENG-CK HAPSENG-CL HAPSENG-CM HAPSENG-CN HAPSENG-WA HARTA-CN HARTA-CO HARTA-CP HARVEST-WA HARVEST-WB HEVEA-WB HIAPTEK-WA HLBANK-CL HLIND-CE HLIND-CF HLIND-CG HOHUP-WA HOVID-WB HSI-C10 HSI-C11 HSI-C12 HSI-C13 HSI-C14 HUBLINE-WA HUMEIND-CA HWGB-WC IBHD-WA ICON-CA IDEAL-WA IFCAMSC-WA IHH-CV IHH-CW IHH-CX IJM-CU IJM-CV IJM-CW IJMPLNT-CD INARI-CE INARI-CF INARI-CG INARI-CH INARI-CI INARI-WA INARI-WB INGENCO-WA INSAS-WB INSTACO-WB INSTACO-WC IOICORP-C6 IOICORP-C7 IOIPG-CF IOIPG-CG IOIPG-CH IOIPG-CI IOIPG-CJ IREKA-WB IRETEX-WA IRIS-WA IRIS-WB IVORY-WA JADI-WA JAG-WA JETSON-WB JIANKUN-WA JOHOTIN-WA JTIASA-CD K1-WB KAREX-CD KAREX-CE KAREX-CF KAREX-CH KAREX-CI KAREX-CJ KAWAN-WA KBUNAI-WC CLOSE (RM) +/(RM) 0.125 0.060 0.070 0.110 0.180 0.280 0.075 0.750 0.025 0.010 0.005 0.005 0.040 0.005 0.005 0.020 0.025 0.030 0.015 0.020 0.400 0.400 0.360 0.715 0.140 0.660 0.960 0.275 0.110 0.495 0.225 0.280 1.150 0.320 1.240 1.350 0.280 0.800 0.320 0.340 0.335 0.510 0.415 1.160 0.660 0.505 0.265 0.255 0.325 0.810 0.660 0.480 0.230 0.285 0.065 0.010 0.010 0.015 0.025 0.085 0.080 0.005 0.005 0.005 0.005 1.400 0.140 0.025 0.020 0.010 0.035 0.480 0.060 0.530 0.150 0.040 0.050 0.170 0.005 0.015 0.045 0.170 0.450 0.010 0.005 0.050 1.180 0.045 0.040 2.110 0.150 0.025 0.040 0.090 0.255 0.200 0.875 0.220 0.035 0.030 0.140 0.085 0.090 0.180 0.005 0.020 0.250 0.770 0.260 0.175 3.770 0.195 0.220 0.170 0.065 0.085 0.950 0.035 0.050 0.150 0.230 0.190 0.435 0.265 0.450 0.245 0.845 1.240 1.750 0.005 0.035 0.070 0.225 0.005 0.260 0.855 0.270 0.075 0.100 0.185 0.030 0.025 0.145 0.205 0.125 0.100 0.075 0.155 2.960 1.300 0.015 0.195 0.020 0.055 0.025 0.115 0.010 0.100 0.020 0.035 0.070 0.170 0.050 0.070 0.070 0.085 0.005 0.045 0.100 0.080 0.175 0.015 0.045 0.340 0.215 0.150 0.125 0.120 0.120 1.400 0.020 0.005 0.010 -0.005 Unch Unch 0.010 0.005 0.025 — — — Unch 0.005 — -0.020 -0.005 -0.010 — Unch — 0.005 -0.025 -0.020 -0.030 -0.010 — -0.020 -0.005 -0.015 -0.015 Unch — — -0.005 — — -0.005 — -0.070 Unch -0.005 -0.010 -0.005 — — -0.045 -0.005 Unch 0.005 0.005 Unch -0.020 0.010 — — — — -0.005 — -0.005 Unch — — — — — -0.010 0.005 — — — — — — — -0.015 — -0.005 — — — -0.010 — — — — — — — Unch — Unch Unch Unch 0.105 0.005 -0.015 0.030 — — — — — 0.065 — 0.005 0.005 — 0.005 Unch 0.020 — 0.035 — — 0.020 0.010 — — — — — 0.015 0.005 -0.070 -0.020 -0.065 — -0.020 Unch — — 0.005 — — 0.075 — — — — -0.030 -0.015 — — — — Unch -0.015 — -0.010 — -0.005 Unch -0.005 — Unch — — — — 0.005 0.015 Unch — Unch Unch — Unch Unch — 0.005 — 0.010 — — — 0.010 — — Unch 0.005 VOL PARENT EXE (‘000) PRICE PRICE 2103.6 2614.2 2932.5 95 1649.2 277.2 1574.3 446.6 — — — 95.3 236.3 — 112.8 248 481.5 — 70 — 12169.7 1570.7 153.1 7282.8 1872 — 53 260 14757.6 38 12 — — 17293.3 — — 35520 — 715 159.4 215 1202.1 196.1 — — 118.3 74 7143.6 1901.5 962.3 27 797.1 818.2 — — — — 544.6 — 1137.5 6609.6 — — — — — 20 30.1 — — — — — — — 235 — 142 — — — 30 — — — — — — — 3 — 59.1 347 95 32 1402 756.2 22458 — — — — — 25 — 68.5 4.6 — 106.3 3.3 13.2 — 8 — — 0.2 938.5 — — — — — 5 673.2 80 10 1810 — 1033 1440.9 — — 73.4 — — 14956.9 — — — — 200 50.1 — — — — 3230 8 — 44 — 242.8 166.9 4.2 — 148.2 — — — — 2300 20 51 — 371.1 165.5 — 32.5 39 — 63.8 — 551 — — — 0.1 — — 57.5 14 1,615 1,614 1,615 1,615 1,615 1,614 1,615 1,614 1,615 1,615 1,615 1,615 1,614 1,615 1,615 1,615 1,614 1,614 1,614 1,615 1,614 1,614 1,614 1,614 1,614 1,615 1,615 1,614 1,614 1,614 1,614 1,614 1,614 1,614 1,615 1,615 1,615 1,614 1,614 1,614 1,614 1,614 1,614 1,614 1,614 1,614 1,614 1,615 1,614 1,615 1,614 1,615 1,614 1,614 0.430 1.490 1.490 1.490 1.490 1.490 1.490 1.490 1.490 1.490 1.490 1.700 0.525 0.050 0.050 0.055 0.055 1.380 0.175 1.540 4.490 4.490 4.490 4.490 2.370 2.370 2.370 0.870 1.410 0.870 1.160 1.160 1.160 4.000 4.000 9.850 7.260 7.260 7.260 7.260 7.260 7.260 7.260 0.595 0.115 0.085 6.200 6.200 6.200 0.405 1.170 0.345 5.410 5.410 5.410 5.410 5.410 4.650 4.650 4.650 0.175 0.175 1.210 0.255 13.300 5.700 5.700 5.700 0.900 0.445 11,881 11,881 11,881 11,880 11,881 0.010 3.260 0.075 0.530 0.360 0.380 0.970 5.930 5.930 5.930 3.150 3.150 3.150 3.140 3.280 3.280 3.280 3.280 3.280 3.280 3.280 0.060 0.710 0.135 0.135 3.880 3.880 1.940 1.940 1.940 1.940 1.940 0.635 0.275 0.205 0.205 0.370 0.060 0.100 0.330 0.245 1.560 1.240 0.245 3.160 3.160 3.160 3.160 3.160 3.160 2.380 0.045 1,800 1,708 1,700 1,750 1,700 1,650 1,720 1,640 1,860 1,800 1,780 1,820 1,730 1,720 1,660 1,848 1,808 1,920 1,800 1,750 1,680 1,720 1,675 1,600 1,500 1,600 1,680 1,600 1,500 1,520 1,500 1,575 1,840 1,800 1,800 1,880 1,735 1,740 1,680 1,788 1,808 1,850 1,800 1,780 1,720 1,660 1,688 1,658 1,700 1,750 1,700 1,650 1,266 1,108 0.500 2.400 2.300 2.300 2.100 1.500 1.550 3.740 3.380 3.500 3.600 1.000 1.000 0.050 0.050 0.100 0.100 0.970 0.300 0.880 4.880 4.600 5.350 4.300 3.100 2.800 2.500 1.300 1.000 1.340 1.635 1.500 0.150 4.300 3.800 7.750 0.010 8.600 8.880 8.000 7.000 8.000 7.960 0.800 0.340 0.100 4.780 6.100 6.500 0.400 1.600 0.860 3.900 4.200 5.000 5.000 1.650 7.000 7.480 8.800 0.250 0.250 0.250 0.690 14.000 4.480 4.500 5.300 0.600 0.180 24,800 26,200 23,000 21,600 20,200 0.200 3.980 0.200 1.410 1.400 0.100 0.100 4.800 6.000 5.500 3.250 3.350 3.940 3.700 2.415 3.300 3.380 3.400 2.900 0.330 2.000 0.100 1.000 0.310 0.130 4.300 4.200 2.188 2.334 2.080 2.200 2.000 1.000 0.800 0.150 0.150 0.750 0.130 0.100 0.750 0.320 2.280 1.800 0.220 1.920 2.467 2.587 3.000 2.987 3.250 0.930 0.131 PR’M (%) 13.00 11.02 8.15 9.91 7.80 6.12 8.35 10.84 15.48 11.87 10.28 12.76 8.77 6.56 2.85 15.72 13.86 19.26 11.92 8.98 8.98 16.36 12.59 7.93 -1.05 9.29 15.91 7.59 -2.35 1.78 -1.57 4.42 28.17 24.67 26.81 33.13 18.98 17.66 7.99 25.50 28.60 30.34 24.30 24.58 14.68 9.04 17.70 15.35 18.69 19.79 14.58 8.94 -0.25 0.37 31.40 63.09 55.70 58.39 44.80 17.79 24.97 152.68 128.19 136.58 142.95 41.18 117.14 50.00 40.00 100.00 145.45 5.07 105.71 -8.44 35.41 8.69 22.72 9.40 31.86 20.68 9.28 68.97 2.84 55.17 42.24 37.93 14.66 12.00 1.00 0.10 19.97 21.90 24.79 20.11 13.98 22.59 21.69 71.43 226.09 52.94 -0.32 6.61 10.65 43.21 37.61 155.07 -0.18 11.79 9.24 5.36 0.18 75.70 98.71 103.87 80.00 91.43 -0.83 184.31 10.90 4.91 3.16 7.98 15.00 0.00 112.14 122.37 99.98 91.20 83.27 1,950 30.67 260.00 208.49 291.67 -5.26 -1.55 -0.84 8.77 6.24 20.79 9.21 26.27 36.31 3.21 19.66 21.34 13.95 12.04 0.30 0.61 91.67 68.31 144.44 37.04 14.69 17.14 14.81 30.35 12.37 17.01 14.28 84.25 209.09 7.32 7.32 125.68 125.00 45.00 157.58 63.27 57.37 47.58 8.16 -3.38 0.74 0.84 8.12 14.77 16.14 -2.10 235.56 EXPIRY DATE 30/12/2015 30/06/2016 29/07/2016 31/01/2016 31/01/2016 31/01/2016 31/01/2016 29/02/2016 30/09/2015 30/11/2015 30/09/2015 30/09/2015 29/01/2016 30/09/2015 30/09/2015 31/03/2016 31/03/2016 30/09/2015 07/12/2015 07/12/2015 30/12/2015 31/01/2016 17/03/2016 29/02/2016 29/04/2016 31/03/2016 29/02/2016 29/02/2016 31/03/2016 31/03/2016 17/03/2016 17/03/2016 30/09/2015 30/11/2015 30/09/2015 30/09/2015 29/01/2016 30/09/2015 30/09/2015 31/03/2016 31/03/2016 07/12/2015 07/12/2015 30/12/2015 30/12/2015 30/12/2015 30/06/2016 30/06/2016 29/07/2016 31/01/2016 31/01/2016 31/01/2016 31/03/2016 31/03/2016 30/03/2017 09/12/2015 12/10/2015 31/03/2016 04/01/2016 29/07/2016 31/03/2016 30/09/2015 28/10/2015 13/11/2015 30/09/2015 26/11/2018 12/10/2019 16/06/2017 06/11/2019 06/06/2016 06/11/2019 06/01/2017 16/05/2022 20/12/2017 27/11/2015 29/01/2016 01/10/2015 29/02/2016 31/12/2015 29/01/2016 30/08/2016 20/07/2018 07/04/2020 16/02/2016 28/09/2015 08/06/2016 05/02/2016 30/09/2015 30/10/2015 17/06/2019 27/11/2015 31/03/2016 30/12/2015 08/06/2016 18/07/2016 31/03/2016 18/12/2018 24/12/2019 07/08/2019 03/06/2025 28/09/2015 11/03/2016 01/12/2015 02/10/2020 13/11/2015 05/04/2016 29/02/2016 01/10/2015 29/01/2016 30/08/2016 09/08/2016 27/11/2015 29/01/2016 15/04/2016 19/11/2019 25/08/2023 28/02/2020 09/01/2017 15/12/2015 29/01/2016 10/03/2016 01/12/2015 21/12/2018 05/06/2018 26/02/2016 26/02/2016 30/03/2016 30/03/2016 30/03/2016 04/11/2019 29/01/2016 22/09/2016 08/10/2019 13/11/2015 29/04/2019 15/02/2016 09/10/2015 29/04/2016 07/04/2016 22/10/2015 27/11/2015 31/05/2016 10/03/2016 30/12/2015 25/01/2016 28/04/2016 01/12/2015 08/06/2016 04/06/2018 17/02/2020 18/07/2016 25/02/2020 07/09/2018 22/01/2020 31/03/2016 29/01/2016 31/12/2015 22/10/2015 30/12/2015 10/03/2016 29/01/2016 25/06/2019 10/06/2019 24/06/2016 20/04/2016 26/04/2017 12/10/2015 14/08/2019 06/02/2019 23/12/2021 21/11/2017 31/03/2016 11/12/2015 28/09/2015 27/11/2015 29/01/2016 31/03/2016 28/04/2016 29/02/2016 28/07/2016 20/10/2023 Wa Bo gov NE in t be avo thi de be Pla tion vet ing gre fed en Ho Fri gov po of ge eco by icy ste and Oc tha to f Bu Ma Y H 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 Markets 3 7 M O N DAY S E PT E MB E R 28 , 2015 • T HEED G E FINA NCIA L DAILY B U R S A M A L AY S I A E Q U I T Y D E R I VAT I E S RY ATE 015 016 016 016 016 016 016 016 015 015 015 015 016 015 015 016 016 015 015 015 015 016 016 016 016 016 016 016 016 016 016 016 015 015 015 015 016 015 015 016 016 015 015 015 015 015 016 016 016 016 016 016 016 016 017 015 015 016 016 016 016 015 015 015 015 018 019 017 019 016 019 017 022 017 015 016 015 016 015 016 016 018 020 016 015 016 016 015 015 019 015 016 015 016 016 016 018 019 019 025 015 016 015 020 015 016 016 015 016 016 016 015 016 016 019 023 020 017 015 016 016 015 018 018 016 016 016 016 016 019 016 016 019 015 019 016 015 016 016 015 015 016 016 015 016 016 015 016 018 020 016 020 018 020 016 016 015 015 015 016 016 019 019 016 016 017 015 019 019 021 017 016 015 015 015 016 016 016 016 016 023 Wall Street week ahead — Boehner resignation cuts US government shutdown risk NEW YORK: Republican leaders in the US Congress last Thursday began advancing bills needed to avoid federal agency shutdowns this Thursday while navigating demands from conservative members to punish healthcare group Planned Parenthood over an abortion controversy. The White House said it would veto legislation for continued funding of the government if a bill Congress is considering eliminates federal money for Planned Parenthood on Thursday. The shock resignation of US House Speaker John Boehner last Friday reduces the chances of a government shutdown this week, potentially removing one source of investor anxiety as Wall Street gears up for a week heavy with economic data and commentary by US Federal Reserve (Fed) policymakers. Boehner said last Friday he will step down from the speakership and leave the House at the end of October. This was seen as a sign that Boehner would advance a bill to fund the government without any complicating factors that would result in a White House veto. “This significantly reduces the probability of a government shutdown this week,” Goldman Sachs economists said in a note to clients last Friday. While Boehner’s resignation makes a government shutdown due to a lack of funding on Oct 1 less likely, other fiscal challenges remain. A long-term federal budget deal and a debt ceiling increase must still be passed by Congress. Disputes over these issues between the two parties and among Republicans will not be resolved by Boehner’s departure. “The next relevant question for financial markets will be how this affects the debt limit and other pending issues. There is a clear possibility that the vote this week, which was initially expected to deal just with the extension of spending authority, could instead also address other issues like an extension of the Export-Import Bank and possibly, even an extension of the debt limit,” Goldman Sachs’ note said. Removing one area of uncertainty could help calm a US stockmarket in the midst of a correction in the past month as investors grapple with weakening earnings, Index points 18580 6590 +113.35 (+0.70%) 11770 Sept 25, 2015 Bursa Malaysia Equity Derivatives Main Market & Ace Market Warrants YEAR LOW DAY HIGH DAY LOW CODE 0.420 0.185 0.260 0.045 0.150 0.500 0.170 0.070 0.422 0.080 0.315 0.313 0.240 0.415 0.490 0.305 0.390 0.140 0.125 0.745 0.130 0.150 0.110 1.690 0.135 0.950 0.615 0.785 0.100 0.065 0.290 0.065 0.070 0.300 0.080 0.150 0.030 0.408 0.300 0.080 0.130 0.110 0.130 0.450 0.045 0.275 0.155 0.185 0.130 0.215 0.405 0.660 0.140 0.245 0.780 0.445 1.950 0.140 0.055 0.255 0.225 0.280 0.055 0.350 0.255 0.145 0.160 0.160 0.180 0.065 0.135 0.015 0.090 0.015 0.150 0.260 0.135 0.005 0.065 0.010 0.115 0.065 0.090 0.130 0.205 0.150 0.220 0.065 0.075 0.380 0.060 0.005 0.030 0.550 0.015 0.280 0.260 0.300 0.055 0.005 0.150 0.025 0.025 0.240 0.010 0.005 0.030 0.145 0.100 0.025 0.020 0.010 0.005 0.135 0.015 0.005 0.050 0.010 0.110 0.155 0.150 0.175 0.020 0.030 0.217 0.235 0.500 0.140 0.010 0.020 0.020 0.075 0.015 0.040 0.070 0.055 0.035 0.075 0.175 0.030 — — — 0.015 — — — — — — — 0.085 0.120 — — — 0.340 — — — — — — 0.710 0.055 0.820 0.340 0.440 — — 0.185 0.030 0.035 0.275 — — — 0.180 0.145 0.035 0.110 0.040 0.030 0.200 0.020 0.005 0.065 0.015 0.115 0.195 0.190 0.240 0.065 0.060 0.450 0.385 0.700 0.140 0.010 0.090 0.200 0.110 0.030 0.240 0.115 0.090 0.050 0.105 0.180 0.035 — — — 0.015 — — — — — — — 0.080 0.115 — — — 0.325 — — — — — — 0.710 0.055 0.740 0.335 0.440 — — 0.185 0.030 0.035 0.270 — — — 0.175 0.130 0.030 0.085 0.035 0.030 0.200 0.020 0.005 0.065 0.010 0.110 0.165 0.190 0.235 0.055 0.055 0.410 0.380 0.700 0.140 0.010 0.080 0.200 0.110 0.025 0.240 0.115 0.075 0.040 0.105 0.175 0.030 3565WE 8303WA 0151WA 0036WA 6211WA 5171WA 2445CW 7164CS 7164CT 7164CU 7164HC 7164WA 7164WB 7017WB 7153CF 7153CG 7153CI 5878CN 5878CO 5878WB 3476CD 5038CC 5038CE 5038WA 2003CR 2003WC 8494WA 5789WA 8745WB 3581WB 7126WA 5068WA 5068WB 7617WB 8583CW 8583CY 8583CZ 8583WB 8583WC 5264CE 5264CG 5264CH 5264CI 6181WB 5189WA 115510 115511 115512 115514 115515 1694WB 3662WB 5186CX 5026WA 9571WC 9571WD 6114WB 2194CZ 5237CH 1651C1 1651C6 1651WA 5150WA 0138CH 0138CJ 0138CK 0138CL 0138CM 0138CO 0096WA WARRANTS KEURO-WE KFM-WA KGB-WA KGROUP-WA KIALIM-WA KIMLUN-WA KLK-CW KNM-CS KNM-CT KNM-CU KNM-HC KNM-WA KNM-WB KOMARK-WB KOSSAN-CF KOSSAN-CG KOSSAN-CI KPJ-CN KPJ-CO KPJ-WB KSENG-CD KSL-CC KSL-CE KSL-WA KULIM-CR KULIM-WC LBICAP-WA LBS-WA LEWEKO-WB LIONCOR-WB LONBISC-WA LUSTER-WA LUSTER-WB MAGNA-WB MAHSING-CW MAHSING-CY MAHSING-CZ MAHSING-WB MAHSING-WC MALAKOF-CE MALAKOF-CG MALAKOF-CH MALAKOF-CI MALTON-WB MAXWELL-WA MAYBANKC10 MAYBANKC11 MAYBANKC12 MAYBANKC14 MAYBANKC15 MENANG-WB MFLOUR-WB MHB-CX MHC-WA MITRA-WC MITRA-WD MKH-WB MMCCORP-CZ MPHBCAP-CH MRCB-C1 MRCB-C6 MRCB-WA MSPORTS-WA MYEG-CH MYEG-CJ MYEG-CK MYEG-CL MYEG-CM MYEG-CO NEXGRAM-WA CLOSE (RM) +/(RM) 0.175 0.035 0.115 0.015 0.150 0.360 0.140 0.005 0.070 0.010 0.160 0.085 0.120 0.175 0.480 0.300 0.340 0.140 0.075 0.560 0.060 0.005 0.030 0.710 0.055 0.820 0.335 0.440 0.060 0.030 0.185 0.030 0.035 0.270 0.010 0.010 0.030 0.180 0.145 0.035 0.110 0.040 0.030 0.200 0.020 0.005 0.065 0.015 0.110 0.185 0.190 0.235 0.065 0.055 0.450 0.385 0.700 0.140 0.010 0.080 0.200 0.110 0.030 0.240 0.115 0.080 0.045 0.105 0.175 0.035 — — — -0.005 — — — — — — — Unch Unch — — — 0.020 — — — — — — Unch 0.005 0.020 0.005 -0.035 — — -0.005 Unch Unch -0.005 — — — -0.005 -0.005 Unch 0.020 0.020 0.015 Unch Unch Unch Unch Unch -0.010 0.020 -0.050 Unch 0.005 -0.010 Unch -0.010 -0.040 -0.020 Unch Unch -0.005 -0.005 Unch 0.005 0.005 Unch 0.005 0.010 0.025 Unch VOL PARENT EXE (‘000) PRICE PRICE — — — 115 — — — — — — — 1606.3 412.8 — — — 55 — — — — — — 20 50 10 61.8 46.9 — — 0.6 25 500 115 — — — 75.1 273.2 3000 1062.2 800 180 184 527.5 701.4 10 287 61 9865 10 42 240 27 31.1 359.5 10 150 100 50 60 2225.7 124.5 100 65 4224.5 11109 20 128.5 185.3 0.850 1.180 0.145 0.510 0.330 0.500 0.045 0.100 0.485 1.000 1.220 1.680 21.300 22.000 0.490 0.851 0.490 0.706 0.490 0.700 0.490 0.561 0.490 0.980 0.490 1.000 0.375 0.300 7.350 5.000 7.350 5.150 7.350 7.000 4.150 3.600 4.150 3.800 4.150 4.010 4.960 6.080 1.520 2.250 1.520 2.100 1.520 0.800 2.950 2.717 2.950 2.770 1.410 1.000 1.540 1.000 0.125 0.200 0.040 1.000 0.770 1.000 0.085 0.100 0.085 0.100 0.895 0.900 1.340 1.574 1.340 1.680 1.340 1.680 1.340 1.440 1.340 2.100 1.670 1.950 1.670 2.000 1.670 2.000 1.670 1.800 0.750 1.000 0.105 0.400 8.410 9.000 8.410 8.000 8.410 9.500 8.410 8.400 8.410 8.800 0.620 1.000 1.330 2.060 1.100 1.250 0.850 1.560 1.030 0.600 1.030 1.090 2.170 1.890 2.150 2.000 1.440 2.300 1.110 1.000 1.110 1.000 1.110 2.300 0.100 0.180 2.720 2.000 2.720 2.600 2.720 2.800 2.720 3.000 2.720 2.680 2.720 2.900 0.070 0.100 PR’M (%) 59.41 275.86 86.36 155.56 137.11 67.21 19.72 75.09 53.23 45.31 35.48 117.35 128.57 26.67 0.68 2.72 11.43 6.99 0.60 10.12 37.10 49.18 43.68 -0.66 0.31 21.69 -5.32 -6.49 108.00 2,475 53.90 52.94 58.82 30.73 19.62 26.57 28.96 20.90 67.54 24.10 26.35 24.55 11.38 60.00 300.00 7.24 2.85 13.78 10.34 12.34 91.94 72.56 25.45 90.00 1.94 43.20 19.35 12.56 60.42 4.50 8.11 117.12 110.00 4.41 8.27 14.71 15.92 21.69 28.49 92.86 EXPIRY DATE 26/08/2016 19/10/2016 12/06/2019 02/07/2018 05/02/2016 12/03/2024 10/03/2016 27/11/2015 30/11/2015 01/12/2015 30/11/2015 15/11/2017 21/04/2020 21/01/2020 11/12/2015 29/01/2016 29/01/2016 30/11/2015 09/10/2015 23/01/2019 28/10/2015 13/11/2015 01/12/2015 19/08/2016 28/10/2015 26/02/2016 17/04/2018 11/06/2018 08/09/2020 12/04/2019 26/01/2020 03/06/2022 26/05/2023 04/09/2020 30/11/2015 25/01/2016 31/03/2016 16/03/2018 21/02/2020 30/12/2015 30/06/2016 19/02/2016 20/11/2015 29/06/2018 24/03/2020 02/10/2015 29/02/2016 02/11/2015 08/06/2016 07/03/2016 09/07/2019 09/05/2017 29/04/2016 28/07/2017 04/07/2016 23/08/2020 29/12/2017 31/03/2016 31/05/2016 29/01/2016 08/06/2016 14/09/2018 09/11/2017 29/01/2016 09/12/2015 15/01/2016 02/11/2015 30/06/2016 31/03/2016 16/05/2022 Index points 20800 3,092.35 -50.34 (-1.60%) 17625 14450 2875 1900 4760 YEAR HIGH 5800 3850 Mar 1, 2010 Sept 25, 2015 Nikkei 225 Index points 6,109.01 5370 9500 Mar 1, 2010 TOKYO: Asian shares slumped last Friday, while the US dollar firmed after US Federal Reserve (Fed) Chair Janet Yellen suggested the central bank is still on track to raise interest rates later this year. MSCI’s broadest index of Asia-Pacific shares outside Japan gave up early gains and was down about 0.2%. It was on track for a weekly loss of over 4% after markets were roiled by a survey showing China’s factory activity fell to its weakest since 2009. But financial spreadbetters expected European shares to open higher, with Britain’s FTSE 100 5,405.94 +147.52 (+2.47%) seen up as much as 1.2%, Germany’s DAX as much as 1.5% and France’s CAC 40 1.2%, though major indexes could still end the week with losses. Volkswagen shares will be in focus again in the wake of the company’s US emissions test rigging scandal. The expected opening gains in Europe are mostly due to short sellers covering positions ahead of recent lows, said Jonathan Sudaria, dealer at Capital Spreads. “There’s nothing particularly bullish out overnight, in fact Asian markets have recommenced their sell-off and Janet Yellen has soured the mood by practically confirming that a rate hike will be coming before year end,” Sudaria said in a note. US stock futures were up about 0.4%, also suggesting calmer trading later in the global session. Japan’s Nikkei ended a volatile session up 1.8%, but still gave up more than 1% in a holiday-shortened two-day trading week. Data before the open showed Japan’s core consumer prices marked the first annual drop since the central bank deployed its massive stimulus programme more than two years ago. — Reuters Global market — Asian shares slump, US dollar gains as Yellen revives rate talk 4825 5980 16,314.67 10,403.79 Index points 7200 16310 Chicago President Charles Evans and San Francisco President John Williams. Investors will also eye reports on US housing and manufacturing, and the week culminates with the September Labor Department payrolls and unemployment report. Forecasts call for job growth of 203,000 versus the prior 173,000, with the unemployment rate expected to hold steady at 5.1%. Shanghai Composite FTSE 100 Dow Jones 14040 China’s economic woes and uncertainty surrounding US monetary policy. Recent skittishness among investors could increase the possibility of a negative reaction in markets if a government shutdown is not averted. While the S&P 500 stock index actually rose about 3% during the last government shutdown in 2013, the gains occurred during a year when the index rose nearly 30%. Stocks are already in the midst of a volatile stretch. Since August 20, more than half of the trading sessions have seen moves of at least 1% in either direction on the benchmark S&P 500 index. “As you transition towards the later stages of negotiations, if they can’t get to a conclusion or a deal done, then absolutely the markets will take that as a third arrow in the quiver on market volatility and potential downside,” said David Lyon, global investment specialist at JP Morgan Private Bank in San Francisco. This week’s calendar could provide other catalysts for volatility. A host of Fed officials are scheduled to speak, including Fed’s Chair Janet Yellen, New York Fed president William Dudley, 10,172.06 17,880.51 11275 3,087.842 Mar 1, 2010 8100 Sept 25, 2015 YEAR HIGH YEAR LOW DAY HIGH DAY LOW CODE 0.045 0.070 0.095 0.165 1.700 0.470 0.600 0.100 0.140 0.190 0.240 0.085 0.620 0.165 1.050 0.120 0.340 2.529 0.155 0.410 0.130 0.120 0.150 2.690 0.205 0.300 0.070 0.320 0.115 0.160 0.210 1.050 0.710 0.270 0.355 0.355 1.260 0.225 0.300 0.185 0.250 0.460 0.260 0.135 0.135 0.200 0.350 1.200 0.055 0.245 0.155 0.200 0.050 0.660 0.560 0.290 0.615 0.155 0.100 0.090 0.075 0.440 0.145 0.195 0.400 0.280 0.385 0.065 0.090 0.060 0.135 0.535 0.390 0.305 0.015 0.030 0.020 0.035 0.800 0.280 0.160 0.025 0.045 0.105 0.130 0.015 0.220 0.015 0.495 0.010 0.205 0.705 0.015 0.170 0.045 0.065 0.065 1.300 0.030 0.135 0.020 0.085 0.005 0.070 0.150 0.185 0.060 0.045 0.055 0.045 0.690 0.030 0.090 0.050 0.115 0.200 0.120 0.045 0.005 0.045 0.205 0.360 0.015 0.035 0.035 0.105 0.015 0.300 0.130 0.160 0.195 0.015 0.010 0.030 0.015 0.110 0.040 0.020 0.100 0.130 0.040 0.015 0.035 0.015 0.030 0.360 0.070 0.110 0.025 0.035 0.030 0.035 0.990 0.320 0.250 0.045 0.060 0.105 0.170 0.025 0.240 0.130 0.550 0.045 0.285 1.200 0.045 0.200 0.055 0.075 0.065 1.600 0.050 0.180 0.030 0.130 0.010 0.080 0.165 0.800 0.165 0.085 0.085 0.080 0.960 0.040 0.100 0.050 0.175 0.215 0.130 0.060 0.005 0.110 0.260 0.540 0.020 0.135 0.065 0.150 0.025 0.335 0.490 0.215 0.230 0.025 0.050 0.080 0.060 0.130 0.075 0.025 0.165 0.145 0.160 0.020 0.050 0.020 0.050 0.390 0.100 0.150 0.025 0.030 0.020 0.035 0.990 0.315 0.250 0.040 0.055 0.105 0.155 0.025 0.240 0.130 0.540 0.045 0.255 1.170 0.045 0.200 0.055 0.075 0.065 1.580 0.045 0.180 0.025 0.125 0.010 0.080 0.165 0.780 0.150 0.080 0.075 0.070 0.940 0.030 0.090 0.050 0.170 0.215 0.130 0.055 0.005 0.100 0.255 0.520 0.020 0.135 0.065 0.140 0.025 0.320 0.450 0.215 0.210 0.025 0.050 0.070 0.060 0.110 0.065 0.020 0.150 0.140 0.150 0.015 0.050 0.020 0.040 0.390 0.100 0.145 0096WB 0096WC 7139WA 9008WA 6661WC 5053WC 5125WA 1295C4 1295C5 1295C6 9997WB 5146WA 8311WC 5681CM 1945WC 8869CL 8869CM 8869WC 5204CB 7168WA 0007WA 6807CE 6807CF 6807WB 5256WA 7185WA 0133WC 0055WA 4197C2 4197C3 5218HC 7155WA 0117WA 5241WA 1201WA 1201WB 5211WA 7106C1 7106C2 7106CZ 7082WB 1538WB 7071WB 0132WA 534715 534720 534723 7252WA 7079WB 4863C4 4863C7 0101WB 0060WA 8397WC 7113CU 7113CV 5401WA 514812 514814 514817 5243CY 7091WA 5005CJ 0066WA 9679WD 9679WE 0141WA 5156WB 5156WC 0095WA 5155WA 6742WB 7028WA 2283WA WARRANTS NEXGRAM-WB NEXGRAM-WC NICE-WA OMESTI-WA OSKPROP-WC OSK-WC PANTECH-WA PBBANK-C4 PBBANK-C5 PBBANK-C6 PENSONI-WB PERWAJA-WA PESONA-WC PETDAG-CM PJDEV-WC PMETAL-CL PMETAL-CM PMETAL-WC PRESBHD-CB PRG-WA PUC-WA PUNCAK-CE PUNCAK-CF PUNCAK-WB REACH-WA SAMUDRA-WA SANICHI-WC SERSOL-WA SIME-C2 SIME-C3 SKPETRO-HC SKPRES-WA SMRT-WA SONA-WA SUMATEC-WA SUMATEC-WB SUNWAY-WA SUPERMX-C1 SUPERMX-C2 SUPERMX-CZ SYF-WB SYMLIFE-WB TAKASO-WB TDEX-WA TENAGA-C15 TENAGA-C20 TENAGA-C23 TEOSENG-WA TIGER-WB TM-C4 TM-C7 TMCLIFE-WB TMS-WA TNLOGIS-WC TOPGLOV-CU TOPGLOV-CV TROP-WA UEMS-C12 UEMS-C14 UEMS-C17 UMWOG-CY UNIMECH-WA UNISEM-CJ VSOLAR-WA WCT-WD WCT-WE WINTONI-WA XDL-WB XDL-WC XINGHE-WA XINQUAN-WA YTLPOWR-WB ZECON-WA ZELAN-WA +308.68 (+1.76%) Mar 1, 2010 CLOSE (RM) +/(RM) 0.025 0.030 0.025 0.035 0.990 0.315 0.250 0.040 0.055 0.105 0.165 0.025 0.240 0.130 0.550 0.045 0.285 1.200 0.045 0.200 0.055 0.075 0.065 1.600 0.050 0.180 0.030 0.125 0.010 0.080 0.165 0.790 0.160 0.085 0.085 0.075 0.950 0.035 0.090 0.050 0.170 0.215 0.130 0.060 0.005 0.110 0.260 0.525 0.020 0.135 0.065 0.145 0.025 0.335 0.490 0.215 0.210 0.025 0.050 0.080 0.060 0.130 0.075 0.025 0.165 0.145 0.150 0.020 0.050 0.020 0.050 0.390 0.100 0.145 0.005 -0.005 -0.010 -0.005 Unch Unch Unch Unch -0.005 -0.005 0.010 Unch 0.010 Unch Unch Unch -0.010 -0.020 Unch Unch 0.005 Unch Unch 0.020 0.005 0.005 0.005 -0.005 Unch Unch 0.005 0.005 -0.005 Unch 0.005 Unch -0.010 -0.010 -0.010 -0.005 Unch -0.015 -0.005 Unch -0.005 0.005 -0.005 -0.025 Unch 0.005 Unch -0.005 Unch -0.005 0.030 0.010 -0.035 Unch Unch 0.005 -0.005 0.020 0.005 Unch Unch Unch Unch Unch -0.005 Unch 0.005 -0.010 -0.040 -0.005 Sept 25, 2015 VOL PARENT EXE (‘000) PRICE PRICE 2 1100 976.1 35 2.4 76.8 25.9 415.1 952 69.1 3060 10 114 7 10.6 64 168.3 106.2 300 28.7 159.8 100 1070 49 52 0.5 825 231.6 50 10 20 1837.7 767.4 1284.5 177.2 2694.9 96.6 3963.6 512 50 230 2.4 10 95.2 300 9122.3 811.2 72.9 49.9 210 1 3425 50 28.8 15 10 20 560 217.8 9323.3 40 50 160 569.6 53.4 532.4 1684.5 1638.3 193.2 409.3 3858.8 1.4 8.9 378.1 0.070 0.070 0.090 0.530 1.950 1.620 0.590 17.600 17.600 17.600 0.590 0.145 0.470 21.960 1.550 2.070 2.070 2.070 1.900 0.625 0.090 2.590 2.590 2.590 0.600 0.480 0.070 0.185 7.440 7.440 1.930 1.350 0.270 0.435 0.145 0.145 3.500 2.000 2.000 2.000 0.445 0.705 0.500 0.110 12.080 12.080 12.080 0.525 0.085 6.660 6.660 0.560 0.125 1.060 8.100 8.100 0.915 1.160 1.160 1.160 1.300 1.250 1.970 0.070 1.340 1.340 0.255 0.125 0.125 0.065 0.565 1.590 0.580 0.255 Please refer to the bursa malaysia website for the prices of Loan stocks, bonds and overseas structure warrants 0.260 0.100 0.160 0.960 1.000 1.800 0.600 19.300 19.500 18.000 0.600 1.000 0.250 18.000 1.000 2.500 1.600 1.100 2.500 0.750 0.100 2.680 2.700 1.000 0.750 0.300 0.100 0.180 8.500 7.900 1.700 0.550 0.180 0.350 0.320 0.175 2.500 2.250 2.100 2.180 0.700 1.100 0.350 0.110 13.800 13.000 11.000 1.350 0.200 6.400 7.500 0.750 0.100 1.000 5.200 6.850 1.000 1.280 1.200 1.050 1.600 1.500 2.050 0.120 1.710 2.080 0.100 0.350 0.115 0.100 1.000 1.140 1.060 0.250 PR’M (%) 307.14 85.71 105.56 87.74 2.05 30.56 44.07 11.93 13.67 7.05 29.66 606.90 4.26 -0.27 0.00 31.64 11.71 11.11 41.05 52.00 72.22 17.95 13.53 0.39 33.33 0.00 85.71 64.86 15.59 10.48 5.18 -0.74 25.93 0.00 179.31 72.41 -1.43 16.70 14.00 16.50 95.51 86.52 -4.00 54.55 14.86 14.45 6.13 257.14 158.82 8.26 16.52 59.82 0.00 25.94 0.49 5.80 32.24 14.66 16.38 11.21 36.92 30.40 19.29 107.14 39.93 66.04 -1.96 196.00 32.00 84.62 85.84 -3.77 100.00 54.90 EXPIRY DATE 21/07/2023 15/01/2024 09/08/2017 19/04/2016 28/08/2017 22/07/2020 21/12/2020 30/06/2016 29/01/2016 30/09/2016 20/01/2024 28/02/2022 27/01/2020 30/10/2015 04/12/2020 08/06/2016 07/03/2016 22/08/2019 29/04/2016 06/07/2019 25/12/2024 28/04/2016 30/11/2015 20/07/2018 12/08/2022 02/01/2018 24/09/2019 18/04/2023 29/02/2016 30/09/2016 31/05/2016 27/06/2017 01/08/2017 30/07/2018 03/03/2021 13/11/2018 17/08/2016 01/12/2015 11/03/2016 29/01/2016 11/11/2019 11/11/2020 02/09/2016 21/09/2018 31/12/2015 29/01/2016 07/03/2016 29/01/2020 23/12/2018 15/12/2015 30/12/2015 21/06/2019 16/01/2017 26/12/2018 11/03/2016 15/04/2016 06/12/2019 30/12/2015 31/03/2016 26/02/2016 29/07/2016 18/09/2018 29/07/2016 01/12/2017 11/12/2017 27/08/2020 23/02/2019 22/01/2017 02/07/2018 22/03/2019 24/06/2019 11/06/2018 03/03/2017 25/01/2019 38 Markets M ON DAY SEP TEM B ER 28, 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY INSIDER MOVES . TRADING THEMES . EVENTS . FOREX Trading themes Insider moves (Filings on Sept 23, 2015) Insider Moves show what substantial shareholders are doing with their stakes, which could be a signal of their views on the company’s outlook. Gold to platinum ratio Gold eases as US Federal Reserve Chair Janet Yellen remarks on rates boost US dollar. COMPANY SHARES ACQUIRED (DISPOSED) ABRIC AIRASIA ALLIANCE FINANCIAL GROUP AMMB HOLDINGS AXIATA GROUP AXIATA GROUP 415,300 (1,605,800) (1,101,200) (6,000,000) 3,558,100 2,998,700 AXIATA GROUP AXIS REAL ESTATE INVEST TRUST (3,919,400) (984,000) BIMB HOLDINGS BUMI ARMADA BURSA MALAYSIA CAHYA MATA SARAWAK CENSOF HOLDINGS CLIQ ENERGY 355,200 38,000,000 (223,900) (519,800) 277,100 (756,800) COASTAL CONTRACTS DIALOG GROUP DIALOG GROUP (271,600) (3,000,000) 3,766,800 DIGI.COM ECO WORLD DEVELOPMENT GROUP GAMUDA GAMUDA 5,000,000 1,000,000 2,678,800 (1,493,600) HARTALEGA HOLDINGS IGB CORPORATION IGB REAL ESTATE INVEST TRUST IHH HEALTHCARE IJM CORPORATION INARI AMERTRON INARI AMERTRON (237,900) 816,000 200,000 (1,404,300) 1,449,100 (300,000) (759,300) KPJ HEALTHCARE KULIM (M) (1,519,400) (500,000) MALAYAN BANKING MAXIS MEDIA PRIMA MY E.G. SERVICES (6,295,800) 3,000,000 (242,400) 189,500 MY E.G. SERVICES PETRONAS DAGANGAN PETRONAS GAS (359,200) (356,200) (624,400) PETRONAS GAS (600,000) PUBLIC BANK (2,425,700) SAPURAKENCANA PETROLEUM (5,125,400) SAUDEE GROUP 266,000 SIME DARBY (188,100) SUNWAY REAL ESTATE INVEST TRUST (1,301,100) SYARIKAT TAKAFUL MALAYSIA 579,700 TELEKOM MALAYSIA 1,013,700 TIME DOTCOM (230,300) TITIJAYA LAND (507,800) TUNE PROTECT GROUP 1,386,200 UMW HOLDINGS WCT HOLDINGS (4,731,300) 1,006,600 YTL CORPORATION YTL POWER INTL (1,440,200) (1,579,800) DIRECTOR/SUBSTANTIAL SHAREHOLDER SHARES HELD AFTER CHANGE TRANSACTION DATE PUI CHENG WUI EMPLOYEES PROVIDENT FUND BOARD EMPLOYEES PROVIDENT FUND BOARD EMPLOYEES PROVIDENT FUND BOARD EMPLOYEES PROVIDENT FUND BOARD AMANAHRAYA TRUSTEES - SKIM AMANAH SAHAM BUMIPUTERA EMPLOYEES PROVIDENT FUND BOARD KUMPULAN WANG PERSARAAN (DIPERBADANKAN) EMPLOYEES PROVIDENT FUND BOARD EMPLOYEES PROVIDENT FUND BOARD EMPLOYEES PROVIDENT FUND BOARD EMPLOYEES PROVIDENT FUND BOARD BOEY TAK KONG CREDIT SUISSE SECURITIES (EUROPE) LTD., UK EMPLOYEES PROVIDENT FUND BOARD EMPLOYEES PROVIDENT FUND BOARD KUMPULAN WANG PERSARAAN (DIPERBADANKAN) EMPLOYEES PROVIDENT FUND BOARD EMPLOYEES PROVIDENT FUND BOARD EMPLOYEES PROVIDENT FUND BOARD KUMPULAN WANG PERSARAAN (DIPERBADANKAN) EMPLOYEES PROVIDENT FUND BOARD WAH SEONG (MALAYA) TRADING CO. S/B TAN CHIN NAM S/B EMPLOYEES PROVIDENT FUND BOARD EMPLOYEES PROVIDENT FUND BOARD INSAS PLAZA S/B KUMPULAN WANG PERSARAAN (DIPERBADANKAN) EMPLOYEES PROVIDENT FUND BOARD KUMPULAN WANG PERSARAAN (DIPERBADANKAN) EMPLOYEES PROVIDENT FUND BOARD EMPLOYEES PROVIDENT FUND BOARD EMPLOYEES PROVIDENT FUND BOARD KUMPULAN WANG PERSARAAN (DIPERBADANKAN) UTILICO EMERGING MARKETS LTD, BERMUDA EMPLOYEES PROVIDENT FUND BOARD KUMPULAN WANG PERSARAAN (DIPERBADANKAN) EMPLOYEES PROVIDENT FUND BOARD EMPLOYEES PROVIDENT FUND BOARD EMPLOYEES PROVIDENT FUND BOARD TAN KHANG KHIM EMPLOYEES PROVIDENT FUND BOARD EMPLOYEES PROVIDENT FUND BOARD EMPLOYEES PROVIDENT FUND BOARD EMPLOYEES PROVIDENT FUND BOARD EMPLOYEES PROVIDENT FUND BOARD EMPLOYEES PROVIDENT FUND BOARD KUMPULAN WANG PERSARAAN (DIPERBADANKAN) EMPLOYEES PROVIDENT FUND BOARD KUMPULAN WANG PERSARAAN (DIPERBADANKAN) EMPLOYEES PROVIDENT FUND BOARD EMPLOYEES PROVIDENT FUND BOARD 27,918,300 203,073,400 282,217,840 496,097,537 1,284,294,955 933,651,316 17 & 21/9 10/9 18/9 18/9 18/9 17 & 18/9 1,280,736,855 69,788,692 17/9 14 & 15/9 165,757,301 537,791,500 38,673,194 81,153,827 777,100 46,371,200 18/9 18/9 18/9 18/9 22/9 18/9 27,996,000 586,779,844 263,089,316 18/9 18/9 14 & 15/9 1,067,233,640 210,375,800 255,637,605 144,779,300 18/9 18/9 18/9 14 & 15/9 123,512,000 979,706,103 1,842,621,735 736,840,100 494,687,978 36,696,900 60,298,949 18/9 18 & 21/9 18 & 21/9 18/9 18/9 21/9 14/9 110,047,695 69,516,200 17/9 15/9 1,394,237,698 550,455,700 165,394,343 79,434,900 18/9 18/9 18/9 14/9 359,200 53,356,600 114,259,300 21/9 18/9 14 & 15/9 229,701,600 599,167,263 865,744,394 45,662,486 834,129,568 318,894,200 84,928,500 590,457,236 32,437,200 18,394,500 63,526,600 18/9 18/9 18/9 21 & 22/9 18/9 18/9 18/9 18/9 18/9 18/9 15/9 193,043,193 80,186,017 18/9 15/9 742,639,547 376,386,991 18/9 18/9 China reserves and bank FX flows While every effort is made to ensure accuracy, the information presented is not an exhaustive list and is not an official record of shareholder filings. Direct and indirect shareholdings are combined due to space constraints. Readers who are interested should check the official filings filed with Bursa Malaysia. Note: * denotes Ace Market Local events to watch out for today • DPS Resources Bhd AGM at The Conference Room, Lot 76 & 77, Kawasan Perindustrian Bukit Rambai, Melaka at 10am. • Asdion Bhd AGM at Sri Damansara Club, Lot 23304 Persiaran Perdana, Bandar Sri Damansara, Kuala Lumpur at 10am. • Asia Poly Holdings Bhd AGM at Conference Room, Lot 758 Jalan Haji Sirat, Mukim Kapar, Klang, Selangor at 10am. • Widetech (M) Bhd AGM at Dewan Perdana 1, Bukit Kiara Equestrian & Country Resort, Kuala Lumpur at 10.30am. • Computer Forms (M) Bhd AGM at Bukit Kiara Equestrian & Country Resort, Kuala Lumpur at 10.30am. • Brem Holding Bhd AGM at Crown Hall, 1st • • • • Floor, Crystal Crown Hotel, Petaling Jaya, Selangor at 10.30am. Ajinomoto (M) Bhd AGM at Bukit Jalil Golf & Country Resort, Kuala Lumpur at 11am. SBC Corporation Bhd AGM at SBC Sales Gallery, Lot PT 9076, Jalan 4/18A, off Jalan Ipoh, Bt. 5½, Taman Mastiara, Kuala Lumpur at 11am. Takaso Resources EGM at Level 16, Persoft Tower, 6B Persiaran Tropicana, Tropicana Golf & Country Resort, Petaling Jaya, Selangor at 12noon. Matta Fair September 2015 – Buyers’ Contest Prize presentation ceremony at Bilik Johor Kedah, Level 2, PWTC, Kuala Lumpur at 1.30pm. Stocks closest to year low Stocks closest to year high STOCK FL MYEG-CO DSONIC-CF VS TECNIC HARTA HSI-HG LAYHONG BPPLAS LUXCHEM WANGZNG HARTA-CO LITRAK D&O RAPID GENTINGC25 BAT-CE FBMKLCI-C18 MMCCORP-CZ CARING HIGH (RM) LOW (RM) CLOSE (RM) VOLUME ('000) 1.860 0.180 0.260 1.480 1.500 4.670 4.240 4.650 1.280 1.400 0.600 0.220 5.130 0.375 6.300 0.255 0.150 0.180 0.140 1.900 1.800 0.175 0.230 1.410 1.350 4.410 4.130 4.300 1.190 1.320 0.560 0.220 5.060 0.295 6.250 0.250 0.150 0.160 0.140 1.850 1.830 0.175 0.255 1.480 1.480 4.650 4.160 4.450 1.250 1.380 0.600 0.220 5.130 0.355 6.300 0.255 0.150 0.175 0.140 1.900 975.1 128.5 3248.9 6746.3 1607.6 3359.1 80 199.7 1054.5 2059.6 17 8 335.2 5188.9 209 32 1 779 150 281 This table shows stocks that are trading near their year high. This could suggest a build-up in buying momentum, or the possibility that profit-taking activities could set in later. STOCK CHINA50-C5 AIRASIAC26 YFG GAMUDA-C21 SCOMIEN HSI-CU FBMKLCI-CT MAYBANKC12 GENTINGC26 PBBANK-C6 CMSB-CO HSI-C12 MUH MAYBANKC14 SUPERMX-C2 CHINA50-CD HSI-CS SUPERMX-C1 IOIPG-CJ ICBC-CD HIGH (RM) LOW (RM) CLOSE (RM) VOLUME ('000) 0.045 0.385 0.035 0.170 0.235 0.025 0.005 0.015 0.200 0.105 0.220 0.880 0.925 0.115 0.100 0.460 0.090 0.040 0.070 0.010 0.040 0.375 0.030 0.155 0.230 0.015 0.005 0.010 0.190 0.105 0.220 0.845 0.915 0.110 0.090 0.435 0.090 0.030 0.060 0.010 0.045 0.375 0.035 0.170 0.230 0.020 0.005 0.015 0.200 0.105 0.220 0.845 0.915 0.110 0.090 0.445 0.090 0.035 0.070 0.010 45 20 13465.3 142 76 645.9 112.8 287 1402 69.1 400 1810 33.8 61 512 500 10 3963.6 2300 600 This table shows stocks that are trading near their year low. This could suggest a build-up in selling momentum, or the possibility that bargain hunting could set in later. Foreign exchange rates NZ NZ $ EURO EURO 0.571 1.752 US SWISS BRIT CANADA BRUNEI S’PORE AUST M’SIA CHINA BANGL’H DENM’K UAE SAUDI SWEDEN 0.851 0.910 0.910 0.909 2.8043 4.071 49.653 4.257 2.346 9,379 42.263 77.007 5.436 29.857 2.326 2.395 5.370 23.099 4.951 1.492 1.595 1.595 1.593 4.9137 7.134 87.003 7.459 4.110 16,434 74.053 134.932 9.525 52.316 4.075 4.197 9.410 40.474 8.675 7.750 1.023 STERLING £ 2.377 1.357 1.518 1.485 CANADA $ 1.175 0.670 0.750 0.734 0.494 BRUNEI $ 1.099 0.627 0.702 0.686 0.462 0.935 SINGAPORE $ 1.098 0.627 0.702 0.686 0.462 0.935 1.000 AUSTRALIA $ 1.100 0.628 0.703 0.687 0.463 0.936 1.001 1.001 MALAYSIA RM 0.357 0.204 0.228 0.223 0.150 0.304 0.325 0.325 0.324 24.561 14.017 15.690 15.344 10.332 20.908 22.355 22.359 22.331 68.8770 2.014 1.149 1.287 1.258 0.847 1.714 1.833 1.833 1.831 5.6477 8.200 100 DANISH KRONER 23.490 13.406 15.005 14.675 9.882 19.996 21.380 21.384 21.357 65.8730 95.64 100 UAE DIRHAM 42.630 24.329 27.232 26.632 17.933 36.289 38.800 38.808 38.759 119.5469 173.57 2,117 181.48 1000 INA RUPIAH 0.107 0.061 0.068 0.067 0.045 0.091 0.097 0.097 0.097 0.2990 0.434 5.294 0.454 0.250 100 INDIA RUPEE 2.366 1.350 1.511 1.478 0.995 2.014 2.154 2.154 2.151 6.6354 9.634 117.488 10.073 5.550 0.978 0.659 1.333 1.425 1.425 1.423 4.3900 6.374 77.730 6.664 3.672 14,682 66.160 120.551 8.509 46.740 3.641 3.750 8.407 36.160 0.673 1.363 1.457 1.457 1.455 4.4888 6.517 79.480 6.814 3.755 15,013 67.649 123.264 8.701 47.792 3.723 3.834 8.596 36.974 7.925 2.024 2.164 2.164 2.161 6.6662 9.678 118.033 10.120 5.576 22,295 100.464 183.057 12.921 70.974 5.529 5.694 12.766 54.909 11.769 1.069 1.069 1.068 3.2943 4.783 58.330 5.001 2.756 11,018 49.647 90.463 6.386 35.074 2.732 2.814 6.309 27.135 5.816 1.000 0.999 3.0811 4.473 54.555 4.677 2.577 10,305 46.434 84.608 5.972 32.804 2.555 2.632 5.900 25.379 5.440 0.999 3.0805 4.472 54.544 4.676 2.577 10,303 46.425 84.592 5.971 32.798 2.555 2.631 5.899 25.374 5.439 3.0844 4.478 54.613 4.682 2.580 10,316 46.484 84.699 5.979 32.839 2.558 2.635 5.907 25.406 5.445 1.0000 1.452 17.706 1.518 0.836 3,344 15.071 27.460 1.938 10.647 0.829 0.854 1.915 8.237 1.765 1,220 104.560 57.615 1,891 133.508 733.327 57.122 58.836 131.898 567.332 121.600 8.574 4.724 18,889 85.115 155.089 10.947 60.131 4.684 4.824 10.815 46.520 9.971 55.102 220,311 992.75 1,809 127.69 701.34 54.63 56.27 126.15 542.59 116.30 1,802 3,283 231.72 1,273 99.14 102.12 228.93 984.70 211.06 4.506 8.211 0.580 3.183 0.248 0.255 0.573 2.463 0.528 182.211 12.862 70.646 5.503 5.668 12.707 54.655 11.715 1,166 230,358 1,038.023 399,822 22,192 1.299 0.741 0.830 0.811 0.546 1.105 1.182 1.182 1.181 3.6416 5.287 64.479 5.528 3.046 12,179 54.881 18.397 10.499 11.752 11.493 7.739 15.660 16.744 16.747 16.726 51.5900 74.902 913 78.317 43.155 172,542 777.496 1,417 7.059 3.045 38.772 3.020 3.111 6.974 29.995 6.429 549.274 42.786 44.069 98.794 424.941 91.080 3.349 1.911 2.139 2.092 1.409 2.851 3.048 3.049 9.3924 13.636 166.304 14.258 7.857 31,413 141.550 257.920 18.206 100 QATAR RIYAL 42.998 24.539 27.466 26.862 18.088 36.602 39.135 39.142 39.093 120.5779 175.063 2,135 183.046 100.862 403,271 1,817 3,311 233.723 100 SAUDI RIYAL 41.745 23.825 26.667 26.080 17.561 35.536 37.995 38.002 37.954 117.0667 169.965 2,073 177.716 97.925 391,527 1,764 3,215 226.917 1,246 97.088 100 SWEDISH KRONOR 18.621 10.627 11.895 11.633 7.834 15.852 16.948 16.952 16.930 52.2200 75.816 924.618 79.274 43.682 174,649 786.991 1,434 101.221 555.981 43.308 44.607 4.329 2.471 2.765 2.705 1.821 3.685 3.940 3.941 3.936 12.1405 17.626 214.962 18.430 10.155 40,604 182.966 333.384 23.533 129.259 10.069 10.371 23.249 20.198 11.527 12.903 12.619 8.497 17.194 18.384 18.387 18.364 56.6422 82.237 1,002.919 85.987 47.381 189,439 853.637 1,555 109.793 603.065 46.976 48.385 108.468 100 HK$ HK 0.737 0.893 100 THAI BAHT THAI 0.421 0.914 100 PHILIPPINE PESO QATAR 1.095 1.565 100 NORWEGIAN KRONER PHIL 0.625 1.601 100 JAPAN YEN JAPAN NORWAY 1.119 US $ 100 CHINESE RMB INDIA 0.639 SWISS FR 100 BANGLAD’H TAKA INA 7.789 1,284 8.023 17.986 77.364 16.582 102.999 230.904 993.187 212.876 964.266 206.677 430.131 92.193 224.180 21.434 466.556 Note: Run your finger down the left-hand side until you reach the country of origin you plan to exchange. Then move your finger until that line intersects with the vertical column of the currency you wish to buy. The figure is how much you will get. The above rates are subject to change and provided by Thompson Reuters. Markets 3 9 M ON DAY S E P T E MB E R 28 , 2015 • T HEED G E FINA NCIA L DAILY FUTURES . MONEY MARKET . COMMODITIES Money market Index futures Index points 1980 US Dollar Long Rolls - KLCI futures FKLI Open Interest 1,612.50 90000 (+6.00) Klibor USD Index Index points -13.00 18.00 102.00 (+1.00) Implied interest rate (%) 96.269 (-0.035) 1790 68000 4.75 94.25 1600 46000 -8.50 86.50 1410 24000 -21.75 78.75 4.5 3.82 (Unch) 3.5 2000 1220 Jan 4, 2010 Sept 25, 2015 2.5 71.00 -35.00 Jan 4, 2010 KLCI futures closes higher on better cash market Sept 25, 2015 FBM KLCI futures INDEX AND FUTURES CONTRACT SETTLEMENT CHANGE VOLUME OPEN CHANGE IN INTEREST OPEN INTEREST The FBM KLCI contracts on Bursa Malay- FBMKLCI 1,615.01 1.84 171.07M 1,612.50 6.00 27,079 66,973 143 sia Derivatives finished higher last Friday. SEP-15 1,599.50 6.50 21,019 31,536 4,302 September 2015 increased 6 points to OCT-15 1,580.50 9.00 70 363 5 1,612.5; October 2015 rose 6.5 points to 1,599.5; DEC-15 MAR-15 1,562.00 8.00 3 37 0 December 2015 added 9 points to 1,580.5 and TOTAL 48,171 98,909 4,450 March 2016 appreciated 8 points to 1,562. BID OFFER CLOSE Turnover was higher at 48,171 lots from FUTURES ROLL OVER -12.5 -14.0 -13.0 22,616 lots last Wednesday while open inter- SEP/OCT est increased to 98,909 contracts from 68,302 FUTURES FAIR VALUE DAYS TO EXPIRY KLIBOR DIVIDEND FAIR VALUE contracts last Friday. The benchmark FBM CONTRACT 6 0.75 1.69 -2.46 KLCI finished 1.84 points better at 1,615.01. SEP-15 OCT-15 36 5.26 8.81 -2.76 Southeast Asian stock markets ended ROLL’S FAIR -0.30 mixed last Friday amid concerns about a possible US interest rate hike this year, with the Indonesian benchmark marking a onemonth closing low and most share markets posting losses on the week. Chair Janet Yellen suggested the central Asian shares slumped last Friday, while bank is still on track to raise interest rates the US dollar firmed after US Federal Reserve later this year. — Agencies Commodities CPO vs Soyoil Open Interest 4200 200000 3450 1950 2,342 Jan 6, 2008 US dollar gains after Yellen comments 1.5 Oct 1, 2000 Sept 25, 2015 Klibor MONTH The US dollar hit its highest in over five weeks against a basket of major currencies last Friday, a day after US Federal Reserve (Fed) Chair Janet Yellen said she expected the central bank to hike rates in 2015, and after US growth data appeared to support such a move. In a speech last Thursday, a week after the Fed delayed a long-anticipated rate hike, Yellen said she and other US central bank policymakers do not expect recent global economic and financial market developments to significantly affect policy. The comments surprised analysts since the Fed kept interest rates unchanged partly in a bow to worries about the global economy. “The Yellen remarks last Friday were indeed a fairly elaborate attempt to explain why rates will go up before the end of the year,” said analysts. — Reuters SETTLEMENT PRICE OCT5 NOV5 DEC5 MAR6 JUN6 SEP6 DEC6 MAR7 JUN7 SEP7 DEC7 MAR8 JUN8 SEP8 DEC8 MAR9 JUN9 SEP9 DEC9 MAR0 JUN0 SEP0 TOTAL (+102) Crude Oil Gold CPO RM/ton Soyoil US$/Ibs US$/bbl US$/troy oz 6400 2,724 0.7300 155.0 (RM0.2818/ton) CHANGE 96.22 96.22 96.18 96.15 96.12 96.10 96.07 96.07 96.02 95.98 95.93 95.93 95.93 95.93 95.93 95.93 95.93 95.93 95.93 95.93 95.93 95.93 — — — — — — — — — — — — — — — — — — — — — — VOLUME OPEN INTEREST — — — — — — — — — — — — — — — — — — — — — — 0 — — 500 120 — — — — — — — — — — — — — — — — — — 620 1980 45.70 (+0.79) 5100 0.5475 122.5 105000 3800 0.3650 90.0 1340 57500 2500 0.1825 57.5 1020 0.0000 25.0 700 152500 2700 1200 Sept 25, 2015 CPO prices react to various factors including soyoil prices, weather conditions and stockpiles. Open interest shows either increasing or decreasing market participation. CPO & Open Interest CPO RM/ton Oct 2, 2006 Sept 25, 2015 Palm oil hits 3½-month peak on rising exports, weak ringgit (+102) 1200 Jan 6, 2008 Sept 25, 2015 CPO futures CONTRACT OCT-15 NOV-15 DEC-15 JAN-16 FEB-16 LAST 2,259 2,304 2,342 2,372 2,395 CHANGE 102 98 102 101 99 VOLUME 190 5,041 30,650 7,990 2,033 OPEN CHANGE IN INTEREST OPEN INTEREST 2,900 30,408 75,221 34,749 12,234 1,145.70 (-8.10) 2,342 10000 1660 -115 -1,739 2,734 -924 621 Malaysian palm oil futures surged last Friday to their highest level in 3½-months, bolstered by a weak ringgit, concerns over production CPO/SOYOIL and as exports of the tropical oil rose from CPO FUTURES INDICATIVE ROLL-OVER FUTURES BASIS (USD) the world’s second biggest producer. CURRENT -57.12 OCT/NOV -45 The benchmark December palm oil con- OCT/DEC 3 MONTHS AVERAGE -69.45 -83 tract on the Bursa Malaysia Derivatives Ex- OCT/JAN 6 MONTHS AVERAGE -67.91 -113 change closed 4.6% higher, at RM2,342 a NOV/DEC -38 tonne. Prices earlier touched RM2,345, the SGS & ITS EXPORT ESTIMATES (TONNES) JUN’2015 JUL’2015 AUG’2015 highest level since June 8 and have now SHIPMENT DAYS 1 - 10TH DAYS 473/469 309/320 486/499 gained nearly 18% so far this month. 783/780 665/666 730/716 “The weak ringgit is helping producers to 1- 15TH DAYS DAYS 1,082/1,074 908/908 991/992 boost shipments,” said a trader. The continued 11 -- 20TH 25TH DAYS 1,393/1,400 1,179/1,149 1,285/1,276 depreciation of the ringgit, which makes palm FULL MONTH 1,696/1,649 1,540/1,544 1,542/1,525 cheaper for offshore buyers, has helped sup- MALAYSIAN PALM OIL BOARD JAN’15 FEB’15 MAC’15 APR’15 port palm in recent weeks. The ringgit has lost 1,161 1,122 1,495 1,693 nearly a fifth of its value so far this year, and is PRODUCTION 1,184 972 1,182 1,175 emerging Asia’s worst performing currency. EXPORT STOCKS 1,770 1,743 1,866 2,194 Exports of Malaysian palm oil products MPOB Palm oil physical for Sept 1 - 25 rose 3.64% to 1,322,256 tonnes SEP’2015 OCT’2015 NOV’2015 from 1,275,869 tonnes shipped during Aug (IN RM/TON) DELD 2,160 2,201 2,230 1 - 25, cargo surveyor Intertek Testing Ser- CPO PK EX-MILL 1,650 1,665 1,665 vices said last Friday. CPKO DELD 3,621 3,636 3,626 “The market has been waiting for positive RBD P.OIL FOB 2,337 2,351 2,360 factors like production disruption for a long RBD P.OLEIN FOB 2,417 2,430 2,430 1,867 1,889 1,911 time,” said David Ng, product specialist at RBD P.STEARIN FOB PhillipCapital Malaysia. “The dry weather MPOB FFB REF PRICE (MILL GATE PRICE) GRADE A GRADE B GRADE C is now raising concerns over production in REGION OER (RM/TON) OER(RM/TON) OER (RM/TON) Malaysia and Indonesia.” NORTH 20.00% 447 19.00% 426 18.00% 406 There is a growing consensus among weath- SOUTH 20.00% 451 19.00% 430 18.00% 409 20.00% 450 19.00% 430 18.00% 409 er forecasters for a strong El Nino this year, with CENTRAL some climate experts warning that it could turn EAST COAST 20.00% 445 19.00% 425 18.00% 404 22.00% 427 21.00% 408 20.00% 389 into one of the strongest on record. — Reuters SABAH SARAWAK 22.00% 433 21.00% 414 20.00% 395 Apr 10, 2007 Sept 25, 2015 Oil price up after Wall Street rally, drop in US rigs Oil prices rose for the second straight day last Friday, supported by a rally on Wall Street and a lower US rig count, although the decline in drilling was the smallest in four weeks and not particularly exciting to traders. Crude futures posted stronger gains for the week. Optimism in recent days about lower stockpiles at the Cushing, Oklahoma, delivery point for US crude overshadowed data on inventory builds in US gasoline. Still, some traders and analysts expressed doubt that oil would continue trading higher in the coming weeks due to mixed outlooks for supply and demand and for the global economy. “I’m predicting a return to the low US$40 levels or even below by next month,” said Tariq Zahir, a trader in crude oil spreads at Tyche Advisors in Laurel Hollow, New York. — Reuters Centrifuged Latex Aug 31, 2008 Commodities AGRICULTURE UNIT EXCHANGE RM/TON SEN/KG USC/BSH USC/BSH USC/BSH USC/IBS US$/TON USC/IBS USC/IBS USC/IBS MDEX MRB CBOT CBOT CBOT CME NYBOT NYBOT NYBOT NYC 2,342 546.50 389.00 889.25 507.75 137.00 3,261 125.95 12.34 60.50 102 11.50 7.50 21.25 10.50 3.00 -31 4.45 0.48 0.19 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 15,050 2.2835 1,145.70 951.20 667.60 15.11 11,825 13,735 180 -0.02 -8.10 -4.30 11.15 -0.02 35 95 LIGHT CRUDE OIL US$/BBL HEATING OIL USC/GAL NATURAL GAS US$/MMBTU BRENT CRUDE US$/BBL GAS OIL US$/TON NYMEX NYMEX NYMEX ICE ICE CRUDE PALM OIL RUBBER CORN SOYBEANS WHEAT LIVE CATTLE COCOA COFFEE SUGAR COTTON METAL & PRECIOUS METALS TIN COPPER GOLD PLATINUM PALLADIUM SILVER ALUMINIUM ZINC ENERGY 45.70 0.79 1.5456 0.0016 2.631 -0.043 48.60 0.43 467.00 1.75 Sen/Kg 1100 1700 900 1325 413.00 950 (+4.00) 500 546.50 (+11.50) 575 300 Jan 7, 2007 LAST PRICE CHANGE Rubber - M’sia SMR 20 Sen/Kg 700 Sept 25, 2015 200 Sept 25, 2015 Jan 7, 2007 Sept 25, 2015 Markets 40 M ON DAY SEP TEM B ER 28, 2 0 1 5 • 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 9 YOUR DAILY FINANCIAL MARKET S ROUNDUP I N S I D E R M OV E S . T R A D I N G T H E M E S . E V E N T S . FO R E X PA G E 3 8 G L O BA L M A R K E T S PA G E 3 7 M A I N M A R K E T . A C E M A R K E T L I ST I N G PA G E 3 3 RESEARCH: TAI TS [[email protected]; SUGUMARAN [[email protected]] KLCI 1,615.01 FBM ACE 5,573.25 1.84 FTSTI 2,832.64 35.77 13.10 NIKKEI 17,880.51 308.68 HANG SENG 21,186.32 History repeats itself; historians repeat each other. — Philip Guedalla STOCK 1,615.01 Index point (+1.84) KL Composite Index 1,612.50 (+6.00) KLCI futures 8:45 9:30 10:30 11:30 12:45 14:30 15:30 16:30 17:15 Daily FBM KLCI Moving average - 20-day KL Composite Index 1950.0 TMS MPAY FBMKLCI-C1 YFG BONIA FBMKLCI-CZ TMCLIFE COMCORP D&O EFFICEN DNEX RGB XINQUAN-WA HARTA DSONIC-CF PENSONI-WB VOLUME ('000) CHANGE (%) CHANGE (RM) CLOSE (RM) HIGH (RM) LOW (RM) 57,842 30,627 14,925 13,465 12,825 12,170 6,714 5,353 5,189 4,745 4,547 3,878 3,859 3,359 3,249 3,060 4.17 -1.92 2.56 0.00 9.03 1.27 -4.27 7.41 16.39 4.44 4.26 0.00 11.11 6.41 18.60 6.45 0.005 -0.005 0.005 0.000 0.065 0.005 -0.025 0.020 0.050 0.010 0.010 0.000 0.005 0.280 0.040 0.010 0.125 0.255 0.200 0.035 0.785 0.400 0.560 0.290 0.355 0.235 0.245 0.135 0.050 4.650 0.255 0.165 0.130 0.265 0.205 0.035 0.810 0.405 0.595 0.295 0.375 0.240 0.250 0.135 0.050 4.670 0.260 0.170 0.115 0.250 0.160 0.030 0.720 0.350 0.555 0.270 0.295 0.215 0.230 0.130 0.040 4.410 0.230 0.155 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. 1,615.01 (+1.84) 1667.5 KLCI erases losses on bargain hunting, ringgit weaker 1,615.89 1385.0 1102.5 820.0 Jan 2, 2008 Sept 25, 2015 900 600 300 0 Volume (’mil) FBM KLCI futures CONTRACT SETTLEMENT CHANGE HIGH LOW SEP-15 OCT-15 DEC-15 1,612.50 1,599.50 1,580.50 6.00 6.50 9.00 1,618.50 1,606.00 1,585.00 1,590.00 1,575.00 1,558.00 KLCI POINTS CHANGE (RM) CLOSE (RM) VOLUME ('000) 0.83 0.72 0.54 0.42 0.38 0.37 0.34 0.27 0.20 0.17 -0.18 -0.22 -0.25 -0.32 -0.43 -0.53 2.32 -0.48 1.84 0.130 0.360 0.040 0.030 0.040 0.020 0.200 0.080 0.420 0.030 -0.040 -0.020 -0.020 -0.030 -0.030 -0.080 6.660 15.560 6.060 5.930 12.080 1.590 21.960 21.800 61.920 4.200 6.000 3.880 6.450 7.440 4.690 17.600 4614.0 775.5 2255.4 5049.9 9426.9 7650.0 800.8 1977.0 224.0 2960.7 2025.6 5870.7 2210.8 2481.6 18126.6 6249.9 FBM KLCI sensitivity* TELEKOM MALAYSIA PPB GROUP PETRONAS CHEMICAL IHH HEALTHCARE TENAGA NASIONAL YTL CORPORATION PETRONAS DAGANG PETRONAS GAS BRITISH AME TOBACCO WESTPORTS HOLDINGS RHB CAPITAL IOI CORPORATION MAXIS SIME DARBY CIMB GROUP PUBLIC BANK SUB-TOTAL OTHERS GRAND TOTAL * How stock price changes affected the index on the previous trading day 4.10 KLCI FUTURES 1617.00 13.00 STI 2868.47 13.80 RM/USD 4.2940 CPO RM2183.00 32.00 OIL US$48.19 0.73 GOLD US$1131.30 1.80 PP 9974/08/2013 (032820) PENINSULAR MALAYSIA RM1.60 (INCLUSIVE OF 6% GST) WEDNESDAY SEPTEMBER 23, 2015 ISSUE 2011/2015 FINANCIAL DAILY MAKE BETTER DECISIONS www.theedgemarkets.com ‘Property prices buoyed by a number of factors’ 7 H O M E B U S I N E S S 4 HOME BUSINESS 1MDB takes offence at Zeti’s remarks on ringgit 7 HOME BUSINESS Amendments to laws enhance SC’s powers 8 HOME BUSINESS Jaks’ JV secures US$1.4b funding for power plant 18 HOME Federal Court upholds guilty verdict for Khir Toyo 19 HOME Pakatan Harapan is new opposition pact It will comprise an eco-township, industrial hub and affordable homes. Gho Chee Yuan has the story on Page 4. 113.35 Daily top 20 active stocks IFCAMSC AIRASIA TMS GOB IDMENSN DSONIC-CE FBMKLCI-HK MPAY ARMADA APFT GOB-WA PERISAI KNM FBMKLCI-C12 UEMS CAP TIGER DSONIC CIMB-C6 CIMB TURNOVER (‘000) CHANGE (RM) CHANGE (%) PRICE (RM) PE RATIO DIVIDEND YIELD (%) 83,022.5 58,153.6 57,841.9 39,315.5 38,216.4 37,080.0 35,520.0 30,626.7 28,657.9 25,346.1 22,458.0 21,686.2 21,156.9 20,711.6 20,096.6 19,825.2 19,791.3 18,527.3 18,193.0 18,126.6 0.090 -0.060 0.005 0.025 UNCH 0.010 -0.005 -0.005 0.015 -0.005 0.030 0.005 0.005 0.010 0.010 0.005 UNCH 0.080 0.005 -0.030 10.23 -4.41 4.17 4.39 UNCH 20.00 -1.75 -1.92 1.64 -2.17 15.79 1.49 1.03 6.06 0.87 4.35 UNCH 5.88 9.09 -0.64 0.970 1.300 0.125 0.595 0.120 0.060 0.280 0.255 0.930 0.225 0.220 0.340 0.490 0.175 1.160 0.120 0.085 1.440 0.060 4.690 13.29 — — 2.27 — — — 162.50 — — — 13.67 13.55 — 10.85 2.21 — 41.59 — 17.11 1.14 2.21 0.00 0.00 0.00 0.00 0.00 0.00 1.78 0.00 0.00 0.00 0.00 0.00 2.61 0.00 0.00 1.10 0.00 1.69 Top gainers and losers (ranked by RM) UP BAT PPB HARTA SAM NESTLE PETDAG PLB HSI-HG SOP LAYHONG LPI TM CLOSE CHANGE (RM) 61.920 15.560 4.650 5.480 72.960 21.960 1.400 4.160 4.800 4.450 13.820 6.660 0.420 0.360 0.280 0.250 0.220 0.200 0.180 0.150 0.150 0.150 0.140 0.130 ALLIANZ UTDPLT AIRPORT JMR TIMECOM IJM METROD TASCO SHELL GASMSIA AEON LATITUD 0.255 0.180 0.050 0.020 0.020 0.210 0.085 0.045 0.025 0.025 70.00 56.52 42.86 33.33 33.33 31.25 30.77 28.57 25.00 25.00 AIRPORT-CO ICBC-CD HSI-CV IJM-CV AIRASIAC20 TENAGA-C15 ARMADA-C4 IJM-CW HSI-CS AXIATA-C4 DOWN CLOSE CHANGE (RM) 10.420 25.400 5.140 0.980 6.450 3.150 1.970 3.650 5.800 2.370 2.710 7.000 -0.220 -0.160 -0.160 -0.160 -0.150 -0.130 -0.130 -0.100 -0.090 -0.090 -0.090 -0.090 0.025 0.010 0.010 0.030 0.005 0.005 0.015 0.025 0.090 0.055 -58.33 -50.00 -50.00 -50.00 -50.00 -50.00 -40.00 -37.50 -35.71 -35.29 KUALA LUMPUR: The FBM KLCI rose 1.84 points or 0.1% as investors bought beaten-down Malaysian shares last Friday. The KLCI had also tracked Asian share gains. At 5pm last Friday, the KLCI settled at 1,615.01 points on gains in stocks like PPB Group Bhd and Petronas Dagangan Bhd. Both shares ended among Bursa Malaysia top gainers. The KLCI erased losses, after falling to an intraday low of 1,603.02. Across Asian share markets, Japan’s Nikkei 225 and Hong Kong’s Hang Seng rose 1.76% and 0.43% respectively. Top gainers and losers (ranked by percentage) Malaysian share trade resumed last Friday after the Hari UP CHANGE DOWN CHANGE Raya Aidiladha holiday. Last Wednesday, the KLCI fell 22.2 CLOSE (%) CLOSE (%) points or 1.4%, as the ringgit depreciated on weaker-than-exMALAKOF-CH 0.040 100.00 FBMKLCI-CT 0.005 -80.00 pected China factory data. 0.030 100.00 CHINA50-C4 0.005 -80.00 Alliance Investment Bank’s remisier Raymond Foo said the MALAKOF-CI GENTINGC25 0.255 70.00 AIRPORT-CO 0.025 -58.33 KLCI had priced in the weakening ringgit factor. Foo noted GUNUNG-WB 0.180 56.52 ICBC-CD 0.010 -50.00 the depreciating ringgit against the US dollar did not weigh DSONIC-CC 0.050 42.86 HSI-CV 0.010 -50.00 down the KLCI. KBUNAI-WC 0.020 33.33 IJM-CV 0.030 -50.00 0.020 33.33 AIRASIAC20 0.005 -50.00 Last Friday, the ringgit weakened to 4.3863 against the US HANDAL-WA 0.210 31.25 TENAGA-C15 0.005 -50.00 dollar at 5pm, after depreciating to a new level at 4.4045 last DSONIC-CB 0.085 30.77 ARMADA-C4 0.015 -40.00 Thursday. The ringgit’s depreciation came amid US interest HARVEST-WB K1-WB 0.045 28.57 IJM-CW 0.025 -37.50 rate hike expectation this year and 1Malaysia Development NEXGRAM-WB 0.025 25.00 HSI-CS 0.090 -35.71 Bhd investigations. FLONIC-WA 0.025 25.00 AXIATA-C4 0.055 -35.29 Reuters reported that US Federal Reserve Chair Janet Yellen said in her speech last Thursday that she expects the Top gainers and losers - warrants (ranked by percentage) US central bank to begin raising interest rates later this year, UP CHANGE DOWN CHANGE as long as inflation remains stable and the US economy is CLOSE (%) CLOSE (%) strong enough to boost employment. — by Gho Chee Yuan MALAKOF-CH 0.040 100.00 FBMKLCI-CT 0.005 -80.00 MALAKOF-CI 0.030 100.00 CHINA50-C4 0.005 -80.00 World equity indices DOW JONES S&P 500 NASDAQ 100 FTSE 100 AUSTRALIA CHINA HONG KONG INDIA I want an edge! FBM KLCI 1635.37 DOW JONES 16,314.67 Market movers UNUSUAL MARKET ACTIVITIES FBM KLCI & KLCI futures intraday 1618.0 1615.1 1612.2 1609.3 1606.4 1603.5 1600.6 1597.7 1594.8 1591.9 1589.0 90.34 CLOSE CHANGE 16,314.67 1,931.34 4,224.74 6,109.01 5,042.11 3,092.35 21,186.32 25,863.50 113.35 -0.90 -36.36 147.52 -29.56 -50.34 90.34 40.51 INDONESIA JAPAN KOREA PHILIPPINES SINGAPORE TAIWAN THAILAND VIETNAM CLOSE CHANGE 4,209.44 17,880.51 1,942.85 6,917.55 2,832.64 8,132.35 1,376.83 570.38 -34.99 308.68 -4.25 -9.36 -13.10 9.25 4.48 0.13 Email: [email protected] Fax: (03) 7721 8282 GENTINGC25 GUNUNG-WB DSONIC-CC KBUNAI-WC HANDAL-WA DSONIC-CB HARVEST-WB K1-WB NEXGRAM-WB FLONIC-WA FOR OFFICE USE This part will be completed by The Edge Communications Sdn Bhd and will be faxed/emailed back to you. 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