Malaysia the sole MRO centre for proppeller blades

Transcription

FBM KLCI 1649.36
4.27
KLCI FUTURES 1641.00
1.00
STI 2730.80
37.01
RM/USD 4.0060
CPO RM2632.00
3.00
OIL US$45.37
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.60 (INCLUSIVE OF 6% GST)
MONDAY MAY 9, 2016 ISSUE 2162/2016
FINANCIAL
DAILY
MAKE
BETTER
DECISIONS
Unhappy
with DTT
fee, Media
Prima says it
may exit FTA
space
5 HOME BUSINESS
www.theedgemarkets.com
3 HOME BUSINESS
ANZ’s exit a game
changer for AMMB?
5 HOME BUSINESS
F&B stocks shine
amid depressed
milk prices
7 HOME BUSINESS
ly, it's
s
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Se
EPF’s investment
assets more than
triple over 15 years
14
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Housing is job
No 1 for London’s
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1617 FOCUS
20 W O R L D
Australia’s PM
Turnbull calls
July 2 election
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the
0.36
GOLD US$1294.00
21.70
FBM KLCI 1649.36
4.27
KLCI FUTURES 1641.00
1.00
STI 2730.80
37.01
RM/USD 4.0060
CPO RM2632.00
3.00
OIL US$45.37
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.60 (INCLUSIVE OF 6% GST)
MONDAY MAY 9, 2016 ISSUE 2162/2016
FINANCIAL
DAILY
MAKE
BETTER
DECISIONS
3 HOME BUSINESS
ANZ’s exit a game
changer for AMMB?
5 HOME BUSINESS
F&B stocks shine
amid depressed
milk prices
7 HOME BUSINESS
EPF’s investment
assets more than
triple over 15 years
14 C O M M E N T
Housing is job
No 1 for London’s
new mayor
1617 FOCUS
This is where
bad bankers
go to prison
20 W O R L D
Australia’s PM
Turnbull calls
July 2 election
Unhappy
with DTT
fee, Media
Prima says it
may exit FTA
space
5 HOME BUSINESS
0.36
GOLD US$1294.00
21.70
2
M ON DAY M AY 9, 2 0 16 • TH EEDGE F I N AN C I AL DAI LY
For breaking news updates go to
ON EDGE T V
The Donald
Drumpfs All
The Edge Communications Sdn Bhd
(266980-X)
Level 3, Menara KLK, No 1 Jalan PJU 7/6,
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Selangor, Malaysia
Publisher and Group CEO Ho Kay Tat
‘Saudi to maintain
stable oil policies’
After a major government overhaul
RIYADH: The new energy minister
of Saudi Arabia, the world’s biggest
oil exporter, yesterday pledged continuity in the kingdom’s oil policy,
after being named in a major government overhaul.
“Saudi Arabia will maintain its
stable petroleum policies,” Khalid
al-Falih said in a statement a day
after King Salman appointed him to
replace long-time former oil minister Ali al-Naimi.
“We remain committed to maintaining our role in international energy markets and strengthening our
position as the world’s most reliable
supplier of energy,” Falih added.
Salman placed Falih, the chairman of state oil giant Saudi Aramco,
to head an expanded energy, industry and mineral resources portfolio.
His predecessor Naimi had led
the now-defunct ministry of petroleum and mineral resources for
about two decades.
See related story on Page 19
Naimi oversaw a major change
in policy towards the end of his
tenure when the Organization of
the Petroleum Exporting Countries
(Opec) refused to cut production
despite a price plunge.
Instead, Opec kingpin Saudi
Arabia focused on protecting its
market share and driving out less
competitive players, including the
developers of US shale oil.
Major oil producers failed to
reach an agreement on freezing
output in Doha last month as Saudi
Arabia insisted any deal must include all Opec members, including
rival Iran which boycotted the talks.
The price collapse, from above
US$100 in early 2014 to less than
US$45 (RM180) last Friday, has intensified Saudi efforts to diversify
the economy away from oil which
makes up the majority of its revenue.
Falih was appointed as part of
a government shake-up that saw
several ministries merged in what
analysts said reflected the government’s determination to diversify
the economy. — AFP
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BUSINESS DEVELOPMENT
Senior Manager Elizabeth Lay
Pro-EU Osborne rips plan to quit
single market as ‘catastrophic’
BY ALEX M ORALES
LONDON: United Kingdom (UK)
Chancellor of the Exchequer
George Osborne said the plan by
Brexit campaigners to also quit
Europe’s single market would be
“catastrophic” for the economy,
as the two sides ratcheted up the
rhetoric with less than seven weeks
until a referendum on Britain’s European Union (EU) membership.
“That would be catastrophic for
people’s jobs and their incomes and
their livelihoods,” Osborne said on
ITV television’s Peston on Sunday
programme. “Some people might
think that wrecking the economy is
a price worth paying. I absolutely
reject that.”
He was referring to a comment
made an hour earlier on the BBC’s
Andrew Marr Show by Justice Secretary Michael Gove, a leading Brexit
campaigner.
Osborne: That would be catastrophic
for people’s jobs and their incomes and
their livelihoods. Photo by Bloomberg
“We should be outside the single market,” Gove said. “We should
have access to the single market
but we should not be governed by
the rules that the European Court
of Justice imposes on us, which
cost business and restrict freedom.”
The EU is a 28-nation bloc, all
of whose members allow the free
movement of people, goods and
services within a single market that
also grants access to Iceland, Liechtenstein, Norway and Switzerland
through separate agreements.
With last Thursday’s local and regional elections completed, the UK’s
political focus will shift to June 23’s
referendum, which Prime Minister
David Cameron agreed to hold in
part to pacify lawmakers within his
Conservative party. The campaign
has exposed divisions among the
Tories, with Gove among a handful
of cabinet ministers campaigning
in opposition to their leader, who
supports remaining in the bloc.
Two former UK intelligence chiefs
yesterday said the nation would be
safer by remaining in the EU, because
cooperating with 27 other member
nations means Britain is better placed
to tackle threats ranging from Islamic State terrorism to cyberattacks by
hostile governments. — Bloomberg
IN BRIEF
IMF urges action as
negative rates infect
Danish property market
COPENHAGEN: After almost
four years of negative interest rates, Danish policymakers need to act now to prevent
a housing bubble, according
to the International Monetary
Fund (IMF). “We strongly encourage the authorities to take
early action to lean against the
wind on house price increases,”
David Hofman, IMF mission
chief to Denmark, said in an
interview. “We see a need for
action on a number of points.”
No country has experienced
negative rates longer than Denmark and the way the policy
plays out will hold lessons for
other economies, Hofman said.
— Bloomberg
Zimbabwe suspends
tax chief, managers
HARARE: Zimbabwe’s tax authority, Zimra, has suspended
its chief and five managers in
connection with the purchase
of luxury cars which were undervalued by a local dealer in
order to pay lower import duty,
it said yesterday. Critics and
the opposition accuse President Robert Mugabe, in power
since independence in 1980, of
failing to tackle high-level graft,
and say endemic corruption is
one reason that foreign companies are hesitant to invest.
Many Zimbabweans perceive
officials at Zimra to be corrupt
and the suspension will only
reinforce their views. — Reuters
‘Gupta family buys
US$30m mansion in Dubai’
JOHANNESBURG: The Gupta
family, friends of South African
President Jacob Zuma, bought a
445 million rand or US$30 million
(RM120 million) residence in the
Emirates Hills section of Dubai,
the City Press newspaper reported, citing two unidentified people. The home has 10 bedrooms,
13 bathrooms, nine reception
rooms and space for 11 cars, the
Johannesburg-based newspaper
reported yesterday. Gupta family spokesman Gary Naidoo told
City Press he won’t be providing
“running commentary on the
Gupta family. They, like any family, have a right to privacy and a
family life.” — Bloomberg
Trump’s Fed position befits a banana republic
BY ROB COX
NEW YORK: Donald Trump is making
the most of a two-day-old presumptive nomination to be the Republican
candidate for the White House. In his
latest break with the general decorum
that once befitted the office he is
seeking, the reality-television veteran
has said he would aim to change the
guard at the Federal Reserve (Fed).
It’s not that Janet Yellen is doing
a bad job. The Fed’s longstanding
easy-money policy — with a federal funds rate now at 0.25% — is to
Trump’s liking, he told CNBC last
Thursday. “I love the concept of a
strong dollar,” he said, but it creates havoc in markets and trade,
while higher rates would make it
more expensive for the country to
service its debts.
Instead, Trump says he would
invoke his television catch phrase
from The Apprentice to tell Yellen
“You’re fired” simply because she’s
not a Republican. Even in the divisive state of contemporary American politics, this portends a stunning act of partisanship.
The Fed’s credibility is derived in
large measure by its independence
from the legislative and executive
branches of the US government.
This autonomy separates the Fed
from, say, its counterparts in Venezuela or the People’s Republic of
China, and is a significant component of the dollar’s enviable position as the world’s reserve currency.
That’s why presidents have almost
never intervened along the lines
Trump is suggesting he would with
Yellen, whose term ends in 2018. Barack Obama, a Democrat, reappointed Ben Bernanke, a Republican first
nominated by George W Bush, to a
second term in 2009, citing a desire
for policy continuity. Democrat Bill
Clinton did the same, twice, for Alan
Greenspan, a Republican. In 1983,
Republican Ronald Reagan kept
Paul Volcker, a Democrat named
by Jimmy Carter, for a second term.
Flipping tradition on its head is,
of course, all part of Trump’s iconoclastic campaign for the White
House. In the CNBC interview,
Trump discussed the need to handle America’s monetary affairs “very,
very carefully” because “now you’re
talking about something that’s very,
very fragile”. In that context, replacing Yellen because of her party affiliation would be an act of extreme
carelessness — and probably only
one of many that could be expected
from a Trump presidency. — Reuters
HOME BUSINESS 3
MONDAY M AY 9 , 20 16 • T HE E D G E FINA NCIA L DA ILY
Maintain prudence despite
stabilised crude oil prices
But will govt next year seek approval for another supplemental budget for extra expenditure?
BY M E EN A L A KSHA NA
KUALA LUMPUR: As crude oil prices hover around the US$45 (RM180)
per barrel level, the government
has decided to keep to its gross
domestic product (GDP) and fiscal
deficit targets as drawn out under
the recalibrated Budget 2016.
It may seem counter-intuitive.
After all, which government would
not want to score brownie points for
further trimming high national debt
at a time when revenue has been
dented by low oil prices?
But heads of research and economists have deemed the government’s move to remain stoic in a
volatile and uncertain economic environment as positive and prudent.
When contacted, RHB Research
Institute Asean economics head
Peck Boon Soon commented that
in the circumstance that the government revenue came in higher
than expected, the budget deficit
should improve, assuming the government did not change its expend-
iture. “However, instead of allowing
the budget deficits to improve, the
government often spent the money and the deficits would be as per
the targets,” he added.
Hong Leong Investment Bank
Bhd’s economist Sia Ket Ee said it is
prudent of the government to not
revise GDP or fiscal targets again
as the crude oil price levels remain
uncertain.
He said that upon meeting with
finance ministry officials, the government plans to shore up its fiscal
position to ensure that its plan for
fiscal consolidation is sustainable.
“They mentioned that they would
prefer to build some buffers for the
fiscal position because according
to them, their concern is that if they
reflect better numbers this year, investors will want an improvement to
better numbers next year,” he said.
“Of course there will be additional revenue coming in, it is just that
at the moment, the government is
not in a position to reflect that because it wants to be conservative
and it wants to make sure that improvement in the fiscal numbers
is sustainable, especially into next
year, because investors don’t like
significant improvement this year
but then next year, it reverts back
to something worse,” he added.
He said the government has
committed to a long-term path
towards consolidation, planning
for the fiscal deficit to be less than
1% GDP, so the government has
to show improvement every year.
Treasury secretary-general Tan
Sri Dr Mohd Irwan Serigar Abdullah last week said the government
would not revise its GDP and fiscal
deficit targets, even though crude oil
prices are trading at the US$45 per
barrel level, saying the government
has “space” to undertake more programmes and projects.
Under the recalibrated Budget
2016, the government stressed that
it wants to keep the fiscal deficit
target at 3.1% of GDP.
The government also pared down
its growth projection to between 4%
and 4.5% and its development and
operating expenditures by RM8 billion to RM10 billion for 2016.
Independent economist Lee
Heng Guie said the government’s
move is judicious, considering there
is no uncertainty that crude oil prices have bottomed out and is on a
path towards solid recovery.
“We have another seven months
to go and [the market] is not too
sure if this level (crude oil prices)
will still hold there (US$45 per barrel),” he said.
“The extra revenue may give them
some leeway. They may reinstitute
budget cuts or if they don’t want to
spend, you may see a better deficit
number if the increase in oil prices
is significant,” he added.
However, he expressed concerns
that the government might not be
able to collect the projected RM39
billion this year. “The economy has
slowed down and things are moving slowly, which will also impact
[goods and services tax] collections,”
said Lee.
In January, Prime Minister Datuk
Seri Najib Razak, who called GST a
saviour of the economy, said that
GST collections had amounted to
RM51 billion since its inception.
The government had earlier projected it would receive RM27 billion
in GST collections last year.
Despite the government’s commitment to tighten its purse strings, it
in March sought Parliament’s approval for extra expenditure of RM5.99
billion under Budget 2015, a significant portion of which will be channelled to statutory funds, while the
rest would be allocated to the urban
wellbeing, housing and local government ministry, the foreign ministry,
the transport ministry, parliament
and the prime minister’s department.
This has been a constant pattern
over the past years; hence it raises
the question: Would the government next year seek approval for
another supplemental budget for
extra expenditure that is incurred
in the current year, considering
crude prices have stabilised?
ANZ’s exit a game changer for AMMB?
BY E S T H ER LEE
KUALA LUMPUR: The news that
AMMB Holdings Bhd’s largest
shareholder — Australia and New
Zealand Banking Group Ltd (ANZ)
— provided A$260 million (RM766
million) impairment loss on the
Malaysian banking group in its firsthalf financial results has sparked
speculation that the sum charged
is paving way for the Aussie shareholder to exit.
Besides the fact that it is the direction ANZ’s new chief executive officer (CEO) Shayne Elliott
is taking to divest some of its minority stakes in Asian banks, many
have said that governance issues at
AMMB added to the pressure to divest the 23.78% stake that it bought
in almost 10 years back.
Many concur that ANZ’s entry
as the single largest shareholder
has brought about good changes
to the local bank.
“A lot has improved over the last
10 years. AMMB many years ago
was not the AMMB now. One thing
that is apparent is that its asset quality has improved significantly. The
number of auto loans in the group’s
portfolio has also reduced dramatically and they have been securing
less risky clients,” said an analyst.
AMMB’s gross impaired loans
stood at 10.9% in financial year
2007 ended March 31. Fast forward
nine years later, its gross impaired
loan ratio for the third financial
quarter ended Dec 31, 2015 stood
at barely 1.8%.
Another analyst added that the
mergers and acquisitions over the
last 10 years, like MBF cards and
Kurnia Insurance, showed that ANZ
has played an active role in growing
the banking group.
ANZ representatives have been
elected as group managing director
and deputy group managing director, among other positions on the
board, since the Melbourne-based
banking group came into the picture.
However, ironically, Elliott was
seen trying to downplay the Melbourne-based banking group’s involvement in AMMB when he was
recently quoted by Australian press
as saying that ANZ “doesn’t run
that bank”.
AMMB has been on the watch
following news reports that US$1
billion (RM4 billion) donation fund
had been transferred into Prime
Minister Datuk Seri Najib Razak’s
personal accounts in AmBank —
wholly owned by AMMB.
Unsurprisingly, AMMB’s share
price shaved off 25.4% of its value
in the last year, falling from RM6.06
to RM4.52 last Friday.
ANZ’s notes accompanying its
latest financial statements state that
the assessment of AMMB had indicators of impairment, specifically
its market value based on share
price being below its carrying value. ANZ’s value in use calculations
showed that the carrying value in
AMMB was impaired, which resulted in the A$260 million impairment
on the Malaysian banking group.
Many concur that ANZ’s entry as the single largest shareholder has brought about
good changes to AMMB. Photo by Bloomberg
“The value in use calculation
is sensitive to a number of key assumptions, including discount rate,
long-term growth rates, future profitability and capital levels,” added
ANZ.
It remains to be seen how AMMB
would fare should ANZ exit the local banking group as a shareholder.
Some parties opine that operations
will remain the status quo even if
ANZ is no longer a shareholder.
“The building blocks have been
set. I don’t think the general direction of the bank will change if
ANZ exits as a shareholder,” says
one analyst.
Another analyst added that it
might be better for AMMB if ANZ
exits, as it would enable the bank
to take full control of its operations.
“A 24% stake with board rep-
AMMB Holdings Bhd
Vol (mil)
25
RM
6.5
20
6.0
15
5.5
5.0
10
RM4.52
4.5
5
4.0
0
April 14, 2015
May 6, 2016
resentation would mean that the
major shareholder would be able
to exert some control over AMMB
and in the way in which things are
run,” said the analyst.
All said, some quarters noted
one thing that remains unchanged
in AMMB is that its founder Tan Sri
Azman Hashim is still a substantial
shareholder of the banking group.
He is the third-largest shareholder,
holding a 12.97% stake, after the
Employees Provident Fund with a
15.01% stake.
Many are waiting to see the
three-year strategic plan of AMMB,
which will be unveiled this month
by its new group CEO Datuk Sulaiman Mohd Tahir. Sulaiman succeeded former group managing
director Ashok Ramamurthy, an
Australian national, who resigned
from the post in January last year
and rejoined ANZ in Melbourne. He
left ANZ in March this year.
Some quarters take the view that
AMMB’s future direction may also
depend on the new shareholder or
shareholders, should ANZ sell down
its stake. Recently, The Edge weekly reported that three foreign private equity firms are eyeing ANZ’s
stake, being TPG Capital, KKR and
CVC Capital Partners. Among the
three, TPG seems to have the most
investment in financial services
companies in the region, ranging
from Indonesia to India.
Interestingly, Elliott disclosed
that the Aussie bank has yet to receive any formal proposal to acquire its stake in AMMB.
Nonetheless, any interested party will first have to get the nod of
approval from Bank Negara Malaysia before a potential acquisition
can happen.
4 HOME BUSINESS
Sell in May and go away?
Absence of buying impetus may cap market’s immediate upward momentum
BY TAN S I EW MU N G
KUALA LUMPUR: The well-known
trading adage, “sell in May and go
away”, comes to mind when one
considers the performance of the
Malaysian stock market at the start
of this month, which saw its first
week skidding to 1,649.36 points,
which was 1.4% or 23.36 points lower than the previous week’s 1,672.72
points on April 29.
Similarly last year, May was not
a good month for the local equities
market. It fell 3.89% that month
when the ringgit declined against
the US dollar, as crude oil prices
slumped, and 1Malaysia Development Bhd’s (1MDB) woes hogged
the headlines.
But the saying does not always
ring true, at least not in the case
of the FBM KLCI. According to
Bloomberg’s statistics, the benchmark index gained in May 2011
(+1.52%), May 2012 (+0.64%), May
2013 (+3%) and May 2014 (+0.1%).
Still, based on the current technical indication, Malacca Securities
Sdn Bhd’s technical analyst Loui
Low Ley Yee thinks the selling may
not be done yet this year.
“This is because the index now is
below its 200-day moving average
(suggesting a downtrend), which is
quite similar with what happened
last year,” he told The Edge Financial Daily over the phone.
However, after the recent selldown that led to the index falling
below 1,650 points, he is looking
for a mild recovery in the immediate next two weeks, with resistance seen at 1,670 and 1,700 levels.
Nevertheless, he thinks the market
is likely to trend lower in the next
two months.
He is not the only one. By and
large, investment managers are
pessimistic about the market’s outlook due to lacklustre corporate
earnings expectations, as the local
currency heads south. First-quarter
gross domestic product is also not
anticipated to outperform, while
the 1MDB default issue hovers over
the market like unwelcome haze.
On the external side, oil prices, and whether the US Federal
Reserve (Fed) will hike interests
for the second time since it was
last raised in December last year,
remain uncertain.
As such, negative factors are expected to linger until July. Chris
Eng, the head of research of Etiqa
Insurance & Takaful, believes the
market will continue to slide and
end lower by then, compared with
the current level.
“The index is definitely vulnerable towards the mid-1,500 points,
and the technical structure does
not look strong without another
sharp drop,” said James Lau, investment director of Pheim Asset
Management Asia, which manages
assets worth over US$250 million
(RM1 billion).
Lau, who described 2016 as a
difficult year, also said corporate
earnings downgrades are “inevitable” as key economies remain
unresponsive to even negative interest rates.
“Looking for catalysts now is like
looking for clear skies through the
thick haze that has become a daily
feature,” he said in an email reply
to The Edge Financial Daily.
Jason Lee Wei Chung, chief investment officer of equity at Libra
Invest Bhd, is also of the view that
there is no catalyst in sight, and
does not consider valuations are
cheap yet.
“Currency and oil price movements will be the main drivers for
FBM KLCI
Index
1,900
Vol (mil)
500
400
1,700
300
1649.36
200
1,500
100
1,300
0
Jan 3, 2011
May 6, 2016
the market in the short term; corporate earnings will be the drivers
in the longer term,” he said in an
email.
His views are echoed by KAF Investment Funds Bhd fund manager
Tan Gan Leong, who described the
market direction as “random” and
“volatile” in the near term. It will
also look closely for cues from the
Fed’s Federal Open Market Committee meeting in June, he said.
But in terms of valuation, he
differed: “I would say the market
as a whole is fairly valued now,
considering the current challenging business environment.” He also
pointed out that if one breaks up
the components of the FBM KLCI,
it would be difficult to see strong
growth from any particular sector.
To him, the financial sector (that
is, the banks), which has the largest
weightage in the FBM KLCI, has
been very selective with the loans
they give out as they are trying to
improve their asset quality. Meanwhile, he noted that the plantation
sector is seeing higher crude palm
oil prices being offset by lower production.
“Sell in May and go away” is a
saying framed by ebullient fund
managers in the northern hemisphere as they prepare to head for
the Greek islands with the beckoning of summer.
Or should it be make hay while
the sun shines?
To Lau, May is a fertile time, with
many rich pickings, especially with
prices retracing as they are doing
now.
“So, we are not going away. We
are staying,” Lau said, even as he
conceded that catalysts are nowhere in sight.
“One should look beyond the immediate horizon. I mean, commodity prices have surprised so many on
the upside. For example, how many
would have anticipated steel or iron
prices to rally more than 40% from
their lows? Short-term recoveries
like these are still possible in other
sectors or stocks that are currently
finding the floor,” he said.
He also cited stock-specific recoveries like CIMB Group Holdings Bhd, Tenaga Nasional Bhd
and Press Metal Bhd.
In terms of the sector that is
worth watching, Lau said there is
a chance that plantation would
break out from its long-holding
pattern and surprise on the upside.
With the US dollar/ringgit volatility continuing in 2016, he said,
there is still some wind left in export-based companies. However,
concerning stocks that are “bombed
out” — for instance, certain technology and property stocks — he
is selective.
Lau noted the low export growth
and commodity prices are vunerable to the ringgit’s volatility, causing Malaysia’s trade to not improve
much lately.
“Be patient and expect disap-
pointments. Don’t equate disappointments with failures. Sometimes, rewards come later. Let time
do its wonders,” he said.
However, Eng advised caution.
“We have no sector and stock pick.
We will revisit the market as it falls
further,” said Eng, who downgraded the outlook for the utility and
plantation sectors when the market
reached its recent high of 1,727.99
points on April 15.
Meanwhile, Lee said Malaysia is
very much a stock picker market,
though he also felt that picking
stocks is quite hard at present. Sector-wise, he favours construction,
services and education.
Libra Invest likes services companies such as Scicom (MSC) Bhd,
which is expected to deliver strong
earnings growth of over 20% to 30%
per annum in the next few years in
all their business segments, foreign
student visa applications, and business process outsourcing. It said the
company also has a strong balance
sheet, with a 3.5% dividend yield.
As for Tan, he remained bullish
on consumer staples, with top picks
including Dutch Lady Milk Industries Bhd, Ajinomoto (Malaysia)
Bhd and Cocoaland Holdings Bhd.
“I like them because of their
strong pricing power, which is reflected in the high gross margins
they enjoy,” Tan said, adding that
the combination of low commodity prices and strong pricing power should continue to drive their
earnings.
In addition, Tan said these companies have strong cash-flow generation ability, and do not require
intense capital reinvestment to sustain their earnings.
“It is also worth noting that these
three firms are in a net cash position,” he added.
Strong steel prices to boost Hiap Teck’s earnings
THE EDGE FILE PHOTO
Hiap Teck’s steel plant in Meru, Selangor. Foo says most steel players are expected to
register better financial performances in 2016 as steel prices have increased 30% to 50%.
BY TAN S I E W M U NG
KUALA LUMPUR: Hiap Teck Venture Bhd, which has posted a net
loss of RM60.03 million for its half
financial year ended Jan 31, 2016
(6MFY16), is expecting things to
look up for the remaining year, supported by higher steel prices and
the strengthening of ringgit.
The steel pipe manufacturer’s
executive director Foo Kok Siew
said as steel prices have increased
30% to 50%, most steel players are
expected to register better financial
performances in 2016.
“As [the] market is improving,
we are doing slightly better now.
We can see some improvement in
revenue growth as our revenue will
grow in tandem with steel prices,”
he told reporters after the group’s
extraordinary general meeting
(EGM) last Friday.
“In the medium term, I think the
worst is over for steel prices which
have already [bottomed out],” Foo
said, adding that the improvement
of steel prices will be reflected in the
group’s fourth quarter (4Q) results.
However, as steel prices have
gone up so sharply in such a short
period of time, he opined that they
may undergo a correction later.
Therefore, Foo does not expect Hiap
Teck to be profitable in FY16, given the large losses in the first six
months.
The group’s net losses widened
to RM22.81 million in 2QFY16 from
RM6.09 million a year ago, mainly
due to lower interest income and a
higher share of loss from Eastern
Steel, the joint venture between
Hiap Teck and China Shougang
International Trade and Engineering Corp.
To minimise losses, the group
temporarily suspended Eastern
Steel trial production since October 2015.
Foo said the group’s manage-
ment and China Shougang International Trade and Engineering meet
every quarter to review the market
situation to decide the resumption
of the steel plant.
“If steel prices are sustainable
and we can produce steel in profit, we will start the production,”
he added.
Commenting on the big jump in
Hiap Teck’s share price, Foo said
that this may be due to the market’s reaction to the increase in
steel prices, which are expected to
boost steel makers’ earnings.
Hiap Teck’s share price jumped
85% year-to-date, shed 3.03% or 1.5
sen and closed at 48 sen last Friday.
In its EGM, the group passed its
resolutions including a proposed
renounceable rights of five-year 5%
redeemable convertible unsecured
Islamic debt securities, which is
expected to raise gross proceeds
of RM213.29 million under maximum scenario.
HOME BUSINESS 5
Media Prima may exit FTA
space due to unviable DTT fee
Kamal cautiously optimistic that group could land a mutually beneficial agreement with MYTV
BY KAMARUL ANWAR
KUALA LUMPUR: Media Prima Bhd
is not ruling out withdrawing its television channels from the free-to-air
(FTA) space when Malaysia migrates
to digital broadcast, as it regards the
transmission fee charged by the digital terrestrial television (DTT) infrastructure operator — controlled
by tycoon Tan Sri Syed Mokhtar Albukhary — as commercially unviable.
If that happens, it will mark the
end of an era of Media Prima channels’ presence in the FTA space,
which dates back to 1984 with TV3’s
debut as Malaysia’s first privately
owned terrestrial television network
— more than two decades after the
country made television broadcast
available.
Media Prima Television Networks
chief executive officer Datuk Kamal
Khalid said he is “still cautiously optimistic” that the group could land a
mutually beneficial agreement with
infrastructure operator MYTV Broadcasting Sdn Bhd.
“If you push me to the wall and
ask, ‘Would you actually not migrate
[to DTT]?’ I’d say, ‘Yes, there is a possibility.’
“But it is not our preferred pos-
sibility. We want to be supportive
of this; it is a national initiative,” he
said in an interview with The Edge
Financial Daily.
“But even if they ultimately don’t,
we would not be saying bye-bye to
Media Prima’s four channels. You
can [watch us when you] turn on Astro, you can turn on HyppTV. We’re
available online.
“Even as far as our content is concerned, we’re an equal opportunity
company. If you subscribe to iflix
and you want to watch Malay dramas there, chances are they are our
[produced] dramas.
“The fact that we are an opensource company and available on
multiple platforms puts us in a good
stead,” Kamal said.
If MYTV refuses to budge on the
amount and Media Prima relying on
Malaysia’s pay television operators
as vehicles for its broadcast, will Media Prima’s loss in viewers result in a
lower advertising revenue?
Kamal acknowledges the possible
opportunity cost in sitting out DTT,
but adds: “We are cushioned by the
fact that we are already available
via all pay television platforms and
we stream our channels online via
Tonton.”
Many industry players have said
the last thing that they need is for
transmission fees to spike, when theoretically DTT should bring the cost
down since more digital channels
can be broadcast in one analogue
television channel bandwidth.
Traditional media players are
already struggling with softer advertising buys while consumption
pattern has largely veered towards
online medium, made worse by rising production costs across various
mediums. A January 2016 note by
Kenanga Investment Bank Bhd,
citing a Nielsen Malaysia report,
said advertising buys on FTA television fell by 10.9% to RM2.86
billion last year.
At RM12 million a year to
transmit a standard definition (SD) channel, sources
Kamal: We are already
available via all pay
television platforms and
we stream our channels
online via Tonton.
Photo by Sam Fong
said the fee MYTV is charging is several times the current one. And the
transmission fee for high-definition
(HD) channels is more than double,
at RM25 million per annum.
In a January 2015 interview with
The Edge weekly, MYTV chief commercial officer Haniza Ros Nasaruddin said its transmission fee is actually cheaper than the current one,
considering that MYTV’s infrastructure will provide coverage to 98% of
homes, compared with the 55%-to95% range that the analogue format
is giving now.
And the HD transmission fee is at
a discount when taking into account
that broadcasts in this resolution require three times the bandwidth of
SD channels, she said.
Media Prima’s annual report for financial year
2015 ended Dec 31 (FY15)
showed that the group’s
transmission and bandwidth expenses were
RM37.67 million, but this
was the aggregate fees for
the stable of electronic media
it owns — which include four
television stations, four radio stations, and multiple websites.
Assuming that Media Prima joins
the DTT bandwagon and keeps its
television channels — TV3, ntv7,
8TV, and TV9 — in SD, it will cost
the group RM48 million a year in
transmission fees.
Throw a HD channel for a simulcast into the equation and the
cost will be RM73 million. This is
equivalent to 5.11% of Media Prima’s group revenue of RM1.43 billion in FY15, and more than half of
its net profit of RM138.72 million.
And it should be noted that Media
Prima Television Networks’ share of
contribution to the group revenue
and net profit was 44% and 52.4%
respectively.
MYTV is a special purpose vehicle created by Puncak Semangat
Sdn Bhd, which in January 2014 beat
i-Media Broadcasting Solutions and
Redtone Network Sdn Bhd — a joint
venture between Redtone International Bhd and the Sultan of Johor
— for the tender to build the DTT
infrastructure and operate the concession for 15 years.
The plan is to switch off Malaysian
television’s analogue transmission
in 2018. The DTT is undergoing a
test run, with all seven existing FTA
channels available for viewing.
F&B stocks shine amid depressed milk prices
BY Y I M I E YONG
KUALA LUMPUR: The depressed
milk prices may not be good news
for farmers but it is a blessing for food
and beverages (F&B) companies with
products that have milk as the key
ingredient.
Lower milk prices will translate
into better margins, and hence better earnings for dairy product manufacturers.
According to reports, global dairy
prices have fallen around 60% since
early 2014, mainly due to weaker demand from China after it stockpiled
milk powder. The slower global economic growth has also weighed on
the demand for milk.
Often seen as the darlings of investors seeking defensive investment
in a turbulent stock market, Bursa
Malaysia-listed F&B counters have
been trending upwards since the
beginning of the year. Year-to-date,
Fraser & Neave Holdings Bhd (F&N)
has risen 22.6%, Dutch Lady Milk Industries Bhd is up 13.27% and Nestle
(M) Bhd has gained 2.13%.
However, the weak ringgit and soft
consumer spending would also mitigate some of the cost savings from
the lower milk price as this would
mean higher cost of importing the
raw material. Interestingly, analysts
and fund manager are not too concerned about that.
KAF Investment Funds Bhd chief
investment officer Gan Kong Yik,
who closely monitors essential consumer stocks, said the prospects of
these stocks remain bright as most of
the products they sell are not luxury
goods, although consumer spending
has slowed down.
He said dairy products companies
enjoy better margins due to the lower
milk prices.
“The price of milk has declined
significantly but there is no change
at all in the average selling price, if
you notice,” he said.
Gan noted that most of the milk
is imported from New Zealand. The
country’s central bank has cut interest
rates in March, triggering a slide in
the New Zealand dollar. This, in turn,
would mean cheaper dairy products
from the country.
“These counters are evergreen
and safe. During challenging times,
some of the funds will usually have
some allocation in these defensive
stocks,” he noted.
“As long as they continue to report
improving quarterly results, there
will be rerating of the stocks,” he said,
when asked if there is limited upside
for these counters.
Among the three F&B counters,
Gan preferred Dutch Lady as it gives
better dividends and for the branding
it has. Dutch Lady, which saw its net
profit almost double to RM33.89 mil-
lion in the first quarter ended March
31 (1QFY16) from RM17.03 million
a year ago, mainly focuses on dairy
products such as milk and yogurt.
Kenanga Research analyst Soong
Wei Siang, who covers Dutch Lady
and Nestle, said the weakening of the
ringgit and the cautious consumer
sentiment may not have strong impact on the two companies, looking
at their earnings growth.
“Their gross margins are expanding, it shows that they are enjoying
better margins,” he told The Edge Financial Daily via telephone.
As for the weakening of the ringgit, he noted that these companies
usually hedge their foreign currency
requirements.
“The current low milk price enviAmong the three F&B counters,
Gan prefers Dutch Lady as it
gives better dividends and also
because of the branding it has.
ronment is benefiting them and there
is still upside for the current share
price,” he said, when asked if these
counters have already priced in the
lower input cost scenario.
Soong said Kenanga has given
Dutch Lady and Nestle “outperform”
calls and his target prices for the two
counters are RM59.20 and RM82.10
respectively.
“At this juncture, there is no big issue regarding the supply of milk, but
the demand for milk is not strong due
to weaker global economic growth.
Unless there is a strong recovery in
global economic growth, the price of
milk would not rebound too soon,”
he added.
CIMB Research analyst Kristine
Wong noticed that milk prices have
declined by about 11% year-to-date
and 30% year-on-year. She noted that
F&N hedges a considerable portion
of its US dollars on its committed raw
material purchases.
“Thus, we believe that it will continue to reap the benefits of lower
milk prices and that margins should
remain stable even if the US dollar
were to strengthen against the ringgit,” she wrote in a note dated May 5.
The stock is currently trading at
attractive valuations of 18 to 19 times
FY16 to FY17 price-earnings ratio
(PER), which is below its five-year historical mean PER of 22 times, and on
the back of healthy three-year earnings compound annual growth rate
of 18.6%. She maintained an “add”
rating for F&N, with a higher target
price of RM26.50.
In her note dated May 2, Wong
said the management of Nestle was
“positively surprised” by the lower
commodity prices and expects the
low price environment to continue until the fourth quarter of 2016,
during which it projects the prices
of coffee beans and milk powder,
particularly, to slowly inch up.
She maintained a “hold” call for
Nestle, as she believes the company
is fairly valued, with an unchanged
target price of RM74.94. Nestle closed
50 sen or 0.67% higher at RM75 last
Friday. Within the consumer staples
sector, Wong said she prefers F&N.
Based on last Friday’s closings,
Dutch Lady, F&N and Nestle are
trailing 12 months PER of 21.51
times, 21.29 times and 28.02 times
respectively.
6 HOME BUSINESS
Malaysia the sole MRO
centre for propeller blades
The first in Asia-Pacific for ATR 72-500 and ATR 72-600 aircraft
BY C H E ST ER TAY
KUALA LUMPUR: Malaysia is set
to carry out propeller overhaul and
repair work on as many as 500 ATR
turboprop aircraft in the Asia-Pacific region by 2018. This could mean
big money to be made for US-based
Aircraft Propeller Service LLC (APS)
and national carrier Malaysia Airlines
Bhd, which have formed a partnership to set up an aircraft maintenance, repair and overhaul (MRO)
centre for propeller blades in Kuala
Lumpur International Airport (KLIA).
“We have a backlog of 250 aircraft,
which are firm orders that are going
to be produced and delivered in the
next three years, and half of them are
going to be delivered to Asia-Pacific,” ATR Eastern Support president
Luigi Celmi told The Edge Financial
Daily in a phone interview.
Celmi said currently there are
370 ATR aircraft operating in the region. Of this, 80% are between two
and eight years old, which means a
portion of them is already subject to
their scheduled maintenance.
This is the first such MRO centre in Asia-Pacific for ATR 72-500
and ATR 72-600 aircraft. The centre,
which will start operations in August,
is housed within Malaysia Airlines’
Centre of Excellence in KLIA.
The MRO centre will serve air-
lines in Asia-Pacific, where the use
of turboprop plane is on the rise,
according to ATR, the French-Italian
company that makes the aircraft.
Over a conference call, APS chief
executive officer Daniel Colbert said
his company is the sole MRO player in Asia that possesses such a licence, and there are only four places in the world that have access to
US-based aerospace and defence
product supplier UTC Aerospace
Systems’ proprietary technology to
conduct MRO for these propellers.
UTC has awarded a licence to
APS to perform MRO works for this
component. In other words, MRO
checks for propeller blades in the
Asia-Pacific region can never be
completed without going through
the facilities of UTC or APS.
According to Colbert, MRO
works for a single blade would
cost airlines about US$10,000
(RM40,000) to US$20,000 depending on the condition. “If we
look at the number of airplanes in
Asia-Pacific, and the fact that each
has 12 propeller blades, every time
the plane hit roughly 10,500 flying
hours, those blades have to come
off for [an] overhaul,” he said.
“And as the fleet grows — each
aircraft is roughly flying between
1,500 and 2,000 flying hours per year
— the market size for just the blades
gets interesting very quickly, and
that is not a secret. Most [people] in
the MRO industry understand that
Asia, specifically the Asean region,
is a growing market,” he said.
“It is a lot of business. Depends
on how frequent they fly, the scheduled maintenance is between five
and seven years, or 10,500 flying
hours, but there is also a calendar
limitation, so even if they fly less,
seven years are the scheduled inspection,” he explained.
“Now, we are able to do that work
in [the] US, and soon we will be able
to do that in Brazil and then Malaysia,” Colbert said.
“For the ATR propeller, we will
have the proprietary capability up
and running by the third quarter
of 2016, and then we are talking
about possibly adding additional
components, like the hubs and the
actuators. So, there is this potential
of keep adding and growing components,” he said.
Propeller hubs are a central
component where the blades are
attached to, while actuators are the
motor that spins the blades.
Malaysia Airlines owns 30 ATRs
through its wholly-owned subsidiaries, FlyFirefly Sdn Bhd and MASwings Sdn Bhd, and has placed an
order for another eight aircraft.
Malindo Airways Sdn Bhd, an-
other ATR operator, has 11 of these
planes under its fleet. Malindo’s
parent, PT Lion Mentari Airlines, an
Indonesian low-cost carrier more
commonly known as Lion Air, has
also placed an order for 100 ATRs.
To date, Celmi said, Lion Air had
taken delivery of 60 of them.
Celmi noted that airlines are servicing their blades in Europe and the
US. “With the establishment of this
new centre, customers are already
able to have almost half of their ATR
aircraft components’ MRO done
in the Asia-Pacific region,” he said.
Meanwhile, Colbert said, the new
centre will start off with 12 to 15 technicians, and will increase its capacity
according to market demand.
“The amount of ATRs being sold is
quite extensive, and when airplanes
get older, the number of blades that
come off from these airplanes is going to increase very quickly with a
steep flow,” he foresaw.
“We are talking about hundreds
of blades annually by 2020 and
2021; it is a big market for ATR.
Therefore, it is a big market for propeller MRO,” he added.
Meanwhile, Celmi said, the Malaysian MRO industry is conducive
for international players due to existing infrastructure and the availability
of talent. He said this is aided by the
fact that the Malaysian government
has a focused objective of developing
the local aerospace industry.
“We estimate that the MRO businesses today in Malaysia would be
worth US$2 billion. We really see [a]
strong focus on Malaysia to ensure
growth for the MRO business[es], so
I guess this [is] also why APS opted
to jump on the bandwagon,” he said.
Celmi also noted that there are
more than 100 aerospace MRO
companies in Malaysia, exporting “billions of ringgit” worth of
services annually.
“The aerospace market is high on
the agenda of [the] Malaysia government for development ... that is very
good news for the year to come,” he
said, referring to the Malaysian Aerospace Industry Blueprint 2015-2030,
and initiatives under the Economic
Transformation Programme.
The blueprint outlined strategies
that aim to lift Malaysia to be a major player in the global aerospace
market by capturing up to 5% of
global MRO market share by 2030,
compared with over 3% currently.
“The country has proven to be
very successful in gaining work from
operators around Southeast Asia.
Airlines from Indonesia, Thailand
and Myanmar have been sending
their aircraft to Malaysia to undergo scheduled heavy maintenance
checks,” Celmi noted.
Help for those eyeing the Ivy League
BY C H UA SU E- A NN
KUALA LUMPUR: Hyper-competitive. That is what vying for a place
in the world’s top universities is like
these days and Abric Education, a
new advisory firm, is offering students
a comprehensive admission strategy.
Abric Education is spearheaded
by siblings Adeline and Caroline
Ong, both of whom attended prestigious universities abroad.
Adeline, who read engineering at
the University of Cambridge, knows
that admissions to the Ivy League
and Oxbridge universities are heating up, especially in the Asian region.
“There are thousands of students
vying for the same few international
places,” she told The Edge Financial
Daily in a recent interview.
Take Harvard University for example. There were some 37,307
applicants for the graduating class
of 2019, but only 2,080 admissions
and 1,660 applicants are matriculating at Harvard College.
Data from the University of Cambridge shows Malaysian students are
the fifth-largest group of international
student applicants, but they yield a
success rate of about 10.9% in gaining admissions. Singapore is the second-highest country of applicants,
and yields a 19.6% success rate.
It is no surprise that students are
starting to prepare for admissions to
top universities from a young age.
Adeline said the process can start
from as early as age 14, or even earlier.
“You don’t want to [start] thinking
of [the] university a year or two before
they go? They’ll rush through the process ... it’ll stress your kid out as well,”
Adeline said. Abric Education works
with a structured approach to take on
the decision-making and university
application process through face-toface engagements with parents and
applicants.
“There is a lot of information on
the Internet, but there’s also too
much. Lots of people don’t know
where to start [looking],” said Caroline, who attended the University of
Pennsylvania and University of Oxford. She said Abric Education helps
clients craft an application strategy
to make their applications stand out
among the thousands, and prepare
for admission tests and interviews.
“[For] parents who want to get
their child into an Ivy League, going
in without a real strategy will waste
time and money,” said Caroline.
It is not just studying and doing a
lot of extracurricular activities, but
rather doing the right combination
Abric Education is spearheaded by Adeline (left) and Caroline, both of whom attended
prestigious universities abroad. Photo by Suhaimi Yusuf
of things, said Adeline. “You need
a strategy going in,” she said.
Adeline and Caroline are collaborating with Bon Day, a similar company in Shanghai, China, founded by
their brother Brian in 2008. In 2015,
Brian added a more significant online
component to the business.
Abric Education’s structured
method is based on the curriculum that Brian has developed for
his business in China, which also
helps students get into the most
prestigious universities in the United Kingdom and the United States.
“Abric [Education] is starting with
the traditional first and later will leverage some of the technology from Bon
Day,” Brian said in a Skype interview.
Brian, who attended Yale University and Stanford University, believes
his method has yielded good success
rates. Last year, he worked with 23
students in applying for top universities. Of those, 13 got accepted into
Ivy League schools in the US, while
the rest obtained places in the top 30
schools in the US and the UK.
Abric Education does not guarantee students an offer from any university. It aims to help students give
their best shot in their applications
after getting them to choose three
schools to apply to, namely a safety
school (one which a student is likely
to get into), a match school (one that
is suitable for their level) and a reach
school (an aspirational target).
The new business has yet to gain
its first client, but the sisters are
confident there is sufficient demand for its services, judging by the
level of interest in its soft launch,
where it has lined up a free talk
on how to get into the world’s top
universities, so much so that Abric
Education has had to add an afternoon session on May 14 to cater to
the demand, said Caroline.
As for the fees for its services,
Caroline said the price depends
on the level of engagement and
services rendered, but could range
between RM20,000 and RM80,000.
Caroline said Abric Education is
looking at taking on and working
with 10 clients this year, and adding
more along the way. It is also looking
at regional expansion to eventually
cover Southeast Asia.
HOME BUSINESS 7
Unimech foresees earnings
recovery in FY16
Expects nearly 40% rise in current-year net profit to some RM14.5m
BY S AN G EETHA A MA RTHA L I NGAM
BUTTERWORTH: Industrial valves
maker Unimech Group Bhd, whose
share price has been battered badly
in the past few months, expects to see
a nearly 40% rise in current-year net
profit to some RM14.5 million, having
taken efforts to reduce its borrowings
in Indonesia and collect receivables,
said its chief executive officer Datuk
Lim Cheah Chooi.
Net profit of RM14.5 million
would translate into earnings per
share of about 11.2 sen.
Lim said the company is also
carrying out a restructuring of its
subsidiaries to improve profitability.
Speaking to The Edge Financial
Daily, Lim is also confident that
the stronger ringgit would help the
company save up to 10% in import
costs for the current year ending
Dec 31, 2016 (FY16).
Lim projects Unimech’s revenue
to grow to about RM250 million,
a rise of nearly 5% from RM238.6
million the year before.
In FY15, Unimech recorded a
31.2% drop in net profit to RM10.4
million on impairment of receivables and unrealised foreign exchange loss in the fourth quarter.
Lim said the impairment was
caused by a shipbuilding customer
experiencing difficulties in paying
its debts to Unimech due to the
slowdown in the oil and gas (O&G)
industry.
“We have about RM30 million
bank borrowings in Indonesia,
[which] we hope to reduce by RM10
million this year because we do not
want it to affect our working capital
and capital expenditure,” he said.
He added that the higher bank
borrowings were also due to exchange rate changes.
“We borrowed in US dollars,
so some of the loss is due to foreign exchange loss. At the time we
borrowed, [the ringgit] was up to
RM4.40 [against the US dollar] but
the ringgit has dropped to about
RM3 now,” he said.
Unimech, set up in 1996, manufactures and distributes valves,
instruments and fittings (VIF) for
the general industry — including
air conditioners in factories, condominiums and commercial buildings — and the O&G sector.
It produces its own brand of core
products such as Arita (metal-based
products like valves and fittings),
Q-Flex (rubber-based products)
and Unijin (instruments and gauges) for the VIF segment.
In 2015, about 78% of the company’s revenue was contributed
by the VIF segment, including the
O&G sector, followed by pumps,
burners and boilers.
“In Malaysia, we sell all products but in our overseas markets,
we only sell VIFs, not pumps. We
do business in Malaysia, Singapore,
Thailand, Vietnam, Australia and
Indonesia. Malaysia and Indonesia
are our largest markets.
Lim says the company is also carrying
out a restructuring of its subsidiaries to
improve profitability.
“We have warehouses and marketing units in Thailand, Indonesia,
Australia and Vietnam. Manufacturing plants are in Malaysia and
China,” said Lim.
“We are expanding our presence
in the O&G sector, which contributes less than 10% to our revenue
now. We hope to raise it to 10% in
two years because we are already
the market leader in the general
industry,” he added.
He added that 55% of its revenue was contributed by the local
market, with the remaining 45%
by the overseas markets.
“Indonesia contributed 29.7% in
2014 but in 2015, sales from Indonesia dropped about 17% because
as a resources-based country that
exports palm oil and minerals, both
sectors were badly affected in 2015.
So that affected our business.
“We hope to increase our overseas market contribution to 60%
in two years through the O&G and
shipbuilding sectors in Indonesia,
Vietnam and Thailand,” he said.
On dividends, Lim said Unimech
has a 30% payout policy since the
company was listed in 2000.
“For FY15, we declared a 3.5 sen
dividend. Not many companies can
do that. Our company is neither in a
popular industry or volatile sector,
and not many people know what
is a valve,” he said.
EPF’s investment assets more than triple over 15 years
BY A H M AD NAQ I B I D RI S
(RM bil)
70
The EPF has
been consistent
in maintaining
dividend payment
rates of between
4.25% and 6.75%
since 2001. The
Edge file photo
60
50
40
30
20
10
Total investment assets
Return on investment
(RM bil)
Dividend
(%)
Domestic Investments
Overseas Investments
600
(%)
2015
2013
2011
2009
(%)
20
7
7
500
Asset growth
8
8
700
2007
2005
0
16
6
400
6
12
300
5
200
5
8
4
100
2015
2013
2011
2009
2007
2005
4
2003
0
2001
KUALA LUMPUR: The Employees
Provident Fund (EPF), the world’s
seventh-largest retirement fund,
has seen its investment assets more
than triple over the past 15 years to
RM684.53 billion as at end-2015,
from RM184.57 billion in 2001.
Members’ contribution probably reached a record high in 2014 at
RM57.17 billion, more than double
the contribution of RM24.37 billion in
2005, according to the EPF’s annual
reports. Contribution was at RM53.9
billion in 2015. Statistics on contribution were not available before 2005.
In terms of returns for its members, the EPF has been consistent in
meeting its dividend policy of inflation plus 2% over the years, and maintaining dividend payment rates of
between 4.25% and 6.75% since 2001.
The fund has consistently managed to maintain returns on investment (ROI) of above 5% since 2001,
with the exception of 2009 when its
ROI dipped to 4.88%.
The fund attributed the lower
return for the year to lower reinvestment yields and holdings of Malaysian government securities, as well
as the reduction in the overnight
policy rate to 2%, which affected returns from its investment in money
market instruments.
Its number of members has
increased by 28% to 14.55 million
in 2015 since 2006.
Over the years, the EPF has invested in line with its strategic asset
allocation (SAA) plan, which was
implemented in 2008 during Tan
Annual contributions
Sri Azlan Zainol’s tenure as chief
executive officer (CEO) up to 2012.
The SAA denoted that fixed income assets should make up the
majority of the fund’s assets at 51%,
followed by equities (36%), real estate and infrastructure (10%) and
cash (3%).
As at 2015, fixed income assets
accounted for 51% of its investments,
3
2001
2010
2015
while equities, real estate and money
market instruments accounted for
44%, 3% and 2% respectively.
The implementation of the SAA
also encouraged the diversification
of the EPF’s portfolio to include international investments. Current
EPF CEO Datuk Shahril Ridza Ridzuan continued with the provident
fund’s diversification efforts when
4
2001
2010
2015
he took the helm in 2012.
This is evident in the steady increase in the fund’s overseas investments, which made up about
25% of its investment assets in 2015,
compared with just 10% in 2010.
As at end-2015, its foreign investments comprised equities, fixed
income and inflation-linked assets
in Asia, which accounted for 43% of
2002
2010
2015
its foreign exposure, followed by Europe (23%), North America (25%),
Australia (5%) and others (4%).
Its notable overseas real estate
investments include the Reading International Park, 40 Portman Square
and Sainsbury’s, Brighton in the
United Kingdom; Espace Lumiere
in France; and 50 Ann Street and 50
Marcus Clarke in Australia.
8 P R O P E RT Y S NA P S H
T
FREE
transaction
data
latest
classified
listings
news
Cheras in for exciting times
• This week, the spotlight falls on the secondary market of non-landed
residences in one of Kuala Lumpur’s oldest suburbs, Cheras. Areas covered are
the neighbourhoods within the boundaries of Kuala Lumpur including Bandar
Sri Permaisuri, Bandar Tun Razak, Taman Maluri, Taman Midah, Taman Segar
and Taman Connaught.
• Based on TheEdgeProperty.com’s analysis of transactions, the average
transacted price of non-landed homes was at RM348 per sq ft in 1Q2015. This
was an 11.5% y-o-y growth from RM312 psf.
• In 4Q2013, the average price had spiked to RM350 psf, largely due to the
completion of Amaya Maluri and the subsequent sales activity observed.
• Transaction activity has softened since 2014. The transaction volume for the 12
months to 1Q2015 retreated 28.2% y-o-y from 1,264 units to 907 units.
• Cheras is seeing some exciting new developments such as MyTOWN Shopping
Centre by Boustead Holdings Bhd and Ikano Pte Ltd as well as Sunway
Velocity by Sunway Bhd. The former is home to Malaysia’s second and largest
IKEA store; while the latter is a 23-acre integrated development with a gross
development value of RM4 billion.
• Residents are also looking forward to the MRT Line 1 (MRT Sungai Buloh–
Kajang) due in 2017. The new MRT line will include six new stations at
Cochrane, Maluri, Taman Pertama, Taman Midah, Taman Mutiara, and Taman
Connaught.
analytics
trend
analysis
and more
Source: TheEdgeProperty.com
Cheras non-landed residential average price
Source: TheEdgeProperty.com
Cheras non-landed residential transaction volume
The Analytics are based on the data available at the date of publication and may be subject to revision as and
when more data becomes available.
‘HK residential property could fall 20% by 2018’
BY L ESL I E SHA FFER
HONG KONG: Hong Kong’s residential property prices may remain
stubbornly high for now, but one big
headwind could send prices down
as much as 20% over the next two
years, Goldman Sachs said.
In a note last Thursday, the bank
said it saw “tough conditions of high
prices and low volumes persisting
in the residential segment”.
Goldman cited a number of factors contributing to the holding pattern. Firstly, government cooling
measures were unlikely to be loosened any time soon. They are likely
to keep a lid on buyers’ demand.
The bank said it expected interest rates to remain relatively low
for a while. That is set to support
prices, which would also dampen
demand. Additionally, few speculators appear likely to be forced to
sell, Goldman said. That would also
likely work to keep prices high and
sales volumes low.
But looking ahead, the bank
forecasts declines in prices through
2018, projecting a 20% cumulative
price fall over 2016 to 2018, largely
on expectations that interest rates
will rise by 150 to 200 basis points.
Hong Kong’s dollar is pegged to
the greenback, which means interest rates in the protectorate tend to
track the benchmark rates set by the
US Federal Reserve (Fed), which
has indicated it will likely increase
rates twice this year. The Hong Kong
Monetary Authority raised its base
rate to 0.75% from 0.5% in December in the wake of the Fed’s move
to increase its own interest rates.
Soaring property prices in Hong
Kong have been the stuff of legend,
but lately there’s been a
pullback amid a surge
in supply. Home prices have fallen nearly
12% over the past six
months, with the number of cases of negative
equity — which means
the value of a property has fallen below the
sive property markets.
Demographia’s International
Housing Affordability survey for
2016, which cites data from 2015’s
third quarter, found that Hong Kong
housing was “severely unaffordable”.
There is a lot of fresh housing
supply on the cards. The government said it wanted to get a record
80,000 new flats on the market by
2019. In September, CLSA estimated
that 15,000 to 18,000 saleable units
would hit the market over the next
couple of years, up 40% from the
2013 to 2015 period.
That backdrop is a driver behind
Goldman’s decision to downgrade
its view on the sector from attractive
to neutral. It also cut the stock of
large luxury developer Kerry Properties, a constituent of the benchmark
Hang Seng Index, to neutral, saying
overall slow Hong Kong property sales would “add challenges to
earnings delivery”.
Goldman was also concerned
about Hong Kong retail property,
another segment with long-running
affordability issues. “We expect the
retail segment to remain weak given
softening sales of tenants. We see
rents narrowing more steeply this
year, with growth only returning in
2018,” it said. — CNBC
outstanding mortgage — rising by 14
times on-quarter in the first quarter,
according to a South China Morning
Post report in April.
The declines are in part due to
cooling measures, including higher stamp duties, imposed by the
Hong Kong government in stages
starting in 2010 in response to increasing public anger over housing affordability.
But despite these
measures, prices have more than
doubled since 2009,
consistently ranking
the city among the
world’s most expen- For more, visit www.cnbc.com
MOST READ ON
TheEdgeProperty.com
The property sector’s
wish list for new
BNM governor
Riding on the Dubai
property roller
coaster
Putting the plug
on inter-floor
leakages
Carving a niche with
accessible luxury
ST O C KS W I T H M O M E N T U M 9
Stocks with momentum were picked up using a proprietary algorithm by Asia Analytica Data Sdn Bhd and first appeared at www.theedgemarkets.com.
Please exercise your own judgement or seek professional advice for your specific investment needs. We are not responsible for your investment decisions.
Our shareholders, directors and employees may have positions in any of the stocks mentioned.
ACOUSTECH BHD (+ve)
ACOUSTECH Bhd (fundamental: 1.80/3,
valuation: 0.50/3) triggered our momentum
algorithm, the second time this year, after
the counter jumped seven sen or 9.72% to
its 52-week high of 79 sen, and closed at this
intraday high level last Friday. Year to date,
the counter has risen 17.04%.
The counter saw 4.09 million shares traded. In comparison, its 200-day average volume was 291,206 shares. According to the
group’s annual report that was released the
previous week, the group’s maiden property
project Senibong 88 in Johor Baru has been
ACOUSTECH BHD
B R O K E R S’ C A L L
completed and ready to be handed over to
purchasers by the third quarter of 2016.
The group, which is primarily involved in
the manufacture of audio speaker systems
and woofers, and specialising in chemicals,
paints and electrical equipment, also said it
will focus on securing lower orders but with
better margins going forward.
Last month, the group also announced its
first and final single-tier dividend of 2.5 sen per
share for the financial year ended Dec 31, 2015.
The stock trades at a trailing 12-month
price-earnings ratio of 10.92 times.
Valuation score*
0.50
1.80
Fundamental score**
10.93
TTM P/E (x)
TTM PEG (x)
1.02
P/NAV (x)
TTM Dividend yield (%)
120.34
Market capitalisation (mil)
167.14
Shares outstanding (ex-treasury) mil
0.36
Beta
0.56-0.73
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
ALUMINIUM COMPANY OF MALAYSIA BHD (-ve)
ALUMINIUM Company of Malaysia Bhd (fundamental: 2.25/3, valuation: 1.80/3) triggered
our momentum algorithm after the counter
closed three sen or 3.29% higher at 91.5 sen,
with 557,800 shares traded last Friday.
The counter rose as much as 5.5 sen or
6.21% to 94 sen in earlier trades. In comparison, the counter’s 200-day average volume
was 35,008 shares.
The group returned to profit for the third
quarter ended Dec 31, 2015 (3QFY16) by
achieving a net profit of RM3.11 million, compared to a net loss of RM1.65 million in 3QFY15.
The group also registered a net profit of
RM2.14 million for its first nine months ended Dec 31, 2015, compared to a net loss of
RM3.93 million a year ago.
The manufacturer of aluminium-rolled
products said the improved revenues per
tonne, especially in export sales, and a tight
rein on direct costs were the main contributory factors for the improved results.
ALUMINIUM COMPANY OF MALAYSIA BHD
Valuation score*
1.80
2.25
Fundamental score**
25.44
TTM P/E (x)
TTM PEG (x)
0.71
P/NAV (x)
5.65
117.04
132.25
Shares outstanding (ex-treasury) mil
0.47
Beta
0.64-0.89
& profitability
GABUNGAN AQRS BHD (-ve)
GABUNGAN AQRS Bhd (fundamental:
0.15/3, valuation: 0.30/3), which was actively traded, pared its earlier gains by falling
five sen or 5% to close at 95 sen last Friday.
This was the third time that the counter
triggered our momentum algorithm since the
beginning of this year. The counter volume
spiked to 4.43 million, compared to the 200day average volume of 506,926 shares.
Last Thursday, the group announced that
its wholly-owned subsidiary had proposed to
GABUNGAN AQRS BHD
acquire a 49% stake in the turnkey contractor for a PR1MA housing project in Kuantan,
Pahang, with the construction contract valued at RM424.23 million.
On the same day, the counter jumped
11.11% to its day’s high of RM1, a level not seen
since Aug 6, 2015’s intraday high of RM1.02.
The group whose core businesses are construction and civil engineering services, was
highlighted as a “red flag”, suggesting that investors should exercise extra caution while trading.
Valuation score*
0.30
0.15
Fundamental score**
TTM P/E (x)
TTM PEG (x)
1.22
P/NAV (x)
390.48
Shares outstanding (ex-treasury) mil 390.48
0.82
Beta
0.82-1.35
& profitability
Corwin stake sale
termination has minimal
impact on DRB-Hicom
DRB-Hicom Bhd
(May 6, 97 sen)
Maintain outperform with an unchanged
target price (TP) of RM1.39: DRB-Hicom
Bhd has announced that its indirect wholly-owned subsidiary company, Hicom
Megah Sdn Bhd, had terminated the share
sale agreement to dispose of a 90% equity
interest in Corwin Holding Pte Ltd.
Corwin owns a leasehold property, an
eight-level shopping mall building known
as The Verge, whose disposal were to help
DRB-Hicom unlock value of non-core
assets within the group. Nevertheless,
due to inability of the purchaser to fulfil
its contractual obligations on the agreed
completion date, Hicom Megah decided
to abort the proposed disposal. We did
not factor in any incremental change to
our valuation when the proposed sale
was announced earlier, as we had already
imputed The Verge’s revised net asset value in our group’s valuation. Hence, we
maintain our “outperform” call on DRBHicom with an unchanged sum-of-parts
TP of RM1.39.
DRB-Hicom has an effective stake of
90% in Corwin. The disposal price for the
90%-stake was estimated to be S$285.3
million (RM842.3 million). The proceeds
were expected to be used to pay for the
transaction espenses of S$21.4 million,
Corwin’s borrowings of S$85.52 million
The new Proton Persona, one of the three new
models to be launched by Proton, believed to be
a near-term catalyst for DRB-Hicom.
and the balance were to be utilised for working capital requirement of the group within
12 months of the completion date. Management estimated that the gain arising from the
proposed disposal would be approximately
RM427.47 million.
While the news of the cancellation of
the proposed disposal is a dampener, we
believe the financial impact is minimal on
DRB-Hicom. We believe a near-term key
catalyst for DRB-Hicom will be the launch of
three new models by Proton — new Proton
Perdana, followed by Proton Persona and
Saga (facelift models). DRB-Hicom is now
trading at an undemanding valuation of 0.26
times price-to-book value. — PublicInvest
Research, May 6
Malaysia’s 2015 property market records
decline in transaction value, volume
Property sector
Maintain neutral: According to the National Property Information Centre, Malaysia’s property market recorded an 8%
decline in transaction value and a 5.7%
contraction in the number of transactions
in 2015. This was the second-sharpest
decline since 2002, after a 8.3% decline
in 2009. In terms of transaction volume
by state, Johor led the decline (-19%), followed by Penang (-16%), Kuala Lumpur
(-10%) and Selangor (-6%).
In 2015, new launches (in unit)
dropped 19% as developers delayed
their launches after a fall in take-up
rate from 45% to 41%. Despite the rise in
number and value of unsold units (which
increased 16% and 56% respectively), it
still remains manageable as the total of
unsold units only represents about 1.6%
of existing housing stock.
In 2015, supply continued to accelerate, reaching 892,000 (+16%), representing 18% of Malaysia’s existing stocks, the
highest since 2004. Based on our supply-and-demand analysis, Johor remains
oversupplied, while Kuala Lumpur and
Selangor are more balanced in terms of
supply-and-demand dynamics.
After declining for 12 straight months,
loan applications in February and March
2016 increased 1.9% and 5.6% year-onyear respectively. However, tightened
bank lending will continue to constrain
property sales with approval rate persistently below 50%. With the new governor
appointed from within Bank Negara, we
expect speculation of a potential relaxation
of property measures to fizzle out.
In order to boost sales amid a challenging market, developers have come out
with different kinds of creative products
including attractive cash rebates, deferred
payments with zero interest and financing
schemes aimed to help alleviate upfront
funding issues and difficulties in securing
full loan for buyers.
However, affordable housing segment
still remains as the bright spot. This can be
seen by the launch of Elmina Valley Phase
1 and 2 (within RM600,000 range), which
recorded above 90% of take-up rate within a day. The recent launch of MyDeposit
Scheme from government will provide
grants of up to RM30,000 for first-time
homebuyers with household income of
below RM10,000 purchasing properties below RM500,000. However, the impact might
be minimal as the RM200 million budget
allocation only translated into about 7,000
units or 3.5% of property transactions with
value below RM500,000 in 2015.
Our rating on the property sector is
“neutral”. A positive factor would be the
favourable demographics with housing
inflation hedge; while negative factors
include a prolonged weakening of consumer sentiment and a tightening policy. Our top picks are Matrix Concepts
Holdings Bhd (buy, TP: RM2.91) and IOI
Properties Group Bhd (buy, TP: 2.77). We
also have “buy” call on Sunway Bhd (TP:
RM3.63). — Hong Leong Investment Bank
Research, May 6
10 B R O K E R S’ C A L L
F&N seen reaping
benefits of lower
milk prices
Fraser & Neave Holdings Bhd
(May 6, RM22.24)
Maintain add with a higher target price of RM26.50: We attended Fraser & Neave Holdings Bhd’s
(F&N) first half ended March 31,
2016 (1HFY16) results briefing hosted by chief executive officer Lim
Yew Hoe and chief financial officer
Soon Wing Chong. Approximately
25 analysts and fund managers attended the meeting. There were no
major surprises. Notably, despite
the loss of contributions from Red
Bull, management seemed to remain optimistic about the group’s
outlook as it continued to focus on
growing its in-house energy drink
Ranger as a replacement in the
longer term.
Management highlighted that
the group’s food and beverage units
in Malaysia and Thailand were still
growing at high single-digit growth
rates, and it expected this to sustain,
particularly in Thailand. Excluding the loss of Redbull contributions, Malaysian sales expanded at
a high single-digit growth rate (we
estimated it at around 7% to 9%).
Management continued to expect
strong demand for F&N’s products
as it continued to innovate and defend its market share.
As for the group’s raw material
price outlook, we gather that milk
prices have declined by around
11% year to date and about 30%
year-on-year. F&N revealed that
it had fully hedged its raw mate-
IOI Corp’s FY16 FFB production
expected to decline 5% to 6%
SUHAIMI YUSUF
Fraser & Neave Holdings Bhd
FINANCIAL SUMMARY (RM MIL)
SEP-14A
SEP-15A
SEP-16F
SEP-17F
SEP-18F
Revenue
Operating ebitda
Net profit
Core EPS
Core EPS growth (%)
FD Core PER (x)
DPS
Dividend yield (%)
EV/Ebitda (x)
P/FCFE (x)
Net gearing (%)
P/BV (x)
ROE (%)
% Change In Core
EPS Estimates
CIMB/consensus EPS (x)
3,819
310.2
167.6
0.48
(20)
46.07
0.55
2.48
24.96
34.76
(0.9)
4.68
10.3
4,060
332.0
187.0
0.52
9
42.29
0.56
2.55
23.02
36.33
(6.0)
4.21
10.5
4,199
591.7
410.7
1.15
120
19.25
0.86
3.90
12.82
20.93
(8.2)
3.99
21.3
4,452
634.4
440.0
1.23
7
17.97
0.93
4.17
11.97
24.02
(7.0)
3.78
21.6
4,683
673.0
467.7
1.31
6
16.91
0.98
4.44
11.12
16.89
(11.2)
3.58
21.8
-
-
5.13
1.17
6.32
1.12
6.63
1.11
IOI Corp Bhd
(May 6, RM4.30)
Upgrade to hold with an unchanged
target price (TP) of RM4.24: With
regard to the temporary Roundtable on Sustainable Palm Oil (RSPO)
membership suspension, IOI Corp
Bhd has revised its action plans after discussions with non-governmental organisations. Meanwhile,
its high-conservation value assessment reports will be reviewed by an
RSPO-approved reviewer.
IOI Corp has also engaged the
Global Environment Centre, a specialist in peatland conservation
and rehabilitation, and Proforest,
a consultant on responsible production and sourcing, as well as
land use and conservation.
A prolonged RSPO suspension
will significantly affect IOI Corp’s
specialty oils and fats business,
which accounts for around 11% of
its earnings before interest and tax.
We expect its fresh fruit bunch
(FFB) production to decline by 5% to
6% in financial year 2016 (FY16), but
barring a reoccurrence of extreme
weather conditions, grow by 6% to
8% in FY17. The group is still looking
to acquire more plantation land to
IOI Corp’s FFB production is expected to
grow by 6% to 8% in FY17.
boost crude palm oil (CPO) supply
for its downstream operations.
Pending the outcome of the next
RSPO meeting on its membership,
possibly in May, we maintain our
forecasts and TP for IOI Corp. We
believe its valuation has moderated, and upgrade our rating from
“sell” to “hold”. We expect its third
quarter of FY16 core net profit to be
lower quarter-on-quarter, mainly
due to lower contributions from
the upstream segment.
Key downside risks include a prolonged RSPO membership suspension and sharp decline in CPO prices,
while key upside risks include a sharp
rise in vegetable demand and change
in policies leading to higher CPO
prices. — Affin Hwang Capital, May 6
IOI Corp Bhd
Source: CIMB
FYE JUNE (RM MIL)
rial prices and foreign-exchange
requirements until year-end. Note
that the group hedges a considerable portion of its US dollars on its
committed raw material purchases,
only allowing for a small proportion
unhedged. Thus, we believe that it
will continue to reap the benefits
of lower milk prices, and that its
margins should remain stable even
if the US dollar were to strengthen
against the ringgit.
Given the stronger-than-expected margin expansion on the back of
lower input costs, we lift our FY16
forecast (FY16F) to FY18F earnings per share estimates by 5% to
6.6%. We continue to like F&N for
its strong execution capabilities,
which have allowed the company to
grow in spite of the overall weaker
consumer environment. The stock
is currently trading at attractive valuations of 18 to 19 times FY16F to
FY17F price-earnings ratio (PER),
which are below its five-year historical mean PER of 22 times, on the
back of a healthy three-year earnings compound annual growth rate
of 18.6%. — CIMB Research, May 5
2014
Revenue
Ebitda
Pre-tax profit
Net profit
EPS (sen)
PER (x)
Core net profit
Core EPS (sen)
Core EPS growth (%)
Core PER (x)
Net DPS (sen)
Dividend yield (%)
EV/Ebitda (x)
Affin/Consensus (x)
11,910.6
2,179.9
1,670.8
1,254.6
19.5
22.0
1,304.1
20.2
(20.0)
21.1
20.0
4.7
14.2
-
2016E
2017E
2018E
11,621.0 13,392.6
679.7 1,782.7
457.0 1,687.6
168.1 1,262.4
2.6
19.5
164.9
22.0
959.7 1,262.4
14.8
19.5
(26.9)
31.5
28.9
22.0
9.0
12.0
2.1
2.8
47.8
18.1
1.1
2015
13,980.3
1,965.8
1,882.7
1,412.9
21.8
19.6
1,412.9
21.8
11.9
19.6
12.0
2.8
16.2
1.1
14,545.2
2,053.9
1,962.2
1,475.2
22.7
18.8
1,475.2
22.7
4.4
18.8
12.0
2.8
15.2
1.1
Source: Company, Affin Hwang estimates, Bloomberg
Potentially higher dividends from Berjaya Auto
Berjaya Auto Bhd
(May 6, RM2.29)
Maintain buy with a higher target
price (TP) of RM2.60: We recently hosted Berjaya Auto Bhd (BAuto), represented by Datuk Francis
Lee, who met 12 fund managers at
a two-day non-deal roadshow in
Hong Kong. News of the current
management buying out Berjaya
Group’s (BGroup) stake in BAuto was positively taken and it was
the main focus. Other highlights
included potentially higher dividends and the listing of its Philippine operation.
We trim our financial year ended April 30, 2016 (FY16) to FY18
earnings forecasts by 3% to 5% to
account for lower vehicle sales expectations. We maintain “buy” with
a higher TP of RM2.60 (+8%) as we
peg BAuto at a higher calendar year
2017 (CY17) price-earnings ratio of
13 times (+0.5 standard deviation)
(versus 11.5 times previously) to
reflect the valuation of its Philippine operation.
Following news of a special-purpose vehicle (SPV) structure (in
mid-April) for the current BAuto
management to hold a controlling
stake in BAuto, BGroup was able to
pare down its initial 21.88% stake
to 14.05% (based on the latest filing
with Bursa Malaysia on April 20)
via private placements to selected
institutional shareholders. Further
clarity is pending from management on the revised structure of
the SPV.
Nonetheless, we remain positive on this development, which
exerts management’s confidence
in BAuto’s outlook. Other key positives discussed were potentially
higher dividends and the listing of
the 60%-owned Philippine operation. There could be much value
to unlock, in our view, given that
car sales in the Philippines have
been buoyant, with a 19% four-year
(2011 to 2015) compound average
growth rate (CAGR) (total industry
volume in the first quarter of 2016:
+22% year-on-year).
Berjaya Auto Bhd
FYE APR (RM MIL)
2014A
Revenue
1,451
Ebitda
172
Core net profit
141
12.4
Core EPS (sen)
186.4
Core EPS growth (%)
3.8
Net DPS (sen)
18.4
Core PER (x)
7.5
P/BV (x)
1.7
Net div yield (%)
56.0
ROAE (%)
25.6
ROAA (%)
8.8
EV/Ebitda (x)
net cash
Net debt/equity (%)
Consensus net profit
MKE vs consensus (%)
2016E
2017E
2018E
1,830
2,225
290
260
223
188
19.5
16.4
58.0
(16.2)
12.1
8.2
11.6
13.9
5.5
4.6
5.3
3.6
54.5
36.0
32.9
22.6
10.4
9.0
net cash net cash
197
(4.8)
2015A
2,740
279
200
17.4
6.4
8.7
13.0
3.9
3.8
32.3
20.1
8.3
net cash
223
(10.4)
2,841
339
244
21.3
22.2
10.7
10.7
3.3
4.7
33.5
21.5
6.6
net cash
253
(3.5)
Source: Maybank IB Research
Its closest comparison in the
Philippine auto industry would
be GT Capital Holdings Inc, a conglomerate with exclusive distributorship of Toyota marques. Our
Maybank Kim Eng Philippines Research counterpart values GT Capital’s auto business at 25.5 times
CY17 earnings per share for Toyota’s unrivalled dominance (39%
market share in 2015) in the Philippine market.
Drastic fluctuations in the yen/
ringgit rate (¥100/RM3.74 currently) from our base assumption of
¥100/RM3.60 could swing earnings. Also, delays in the launch
of the CX-3 completely knockeddown (about 8% of our FY17 group
volume sales forecast) would negatively impact our earnings forecasts.
We lower our FY16/FY17/
FY18 group-wide (Malaysia and
the Philippines) vehicle sales
assumptions by 3%/6%/6% to
19,900/24,300/24,800 units respectively (first nine months
of FY16: 15,107 units), from
20,600/25,800/26,500 units. Correspondingly, our FY16/FY17/FY18
net profit forecasts are lowered
by 3%/5%/4%. No changes were
made to our yen/ringgit assumptions of ¥100/RM3.40 for FY16, and
¥100/RM3.60 for FY17 and FY18.
— Maybank Investment Bank Research, May 6
12 H O M E
What will Adenan’s
Cabinet look like?
IN BRIEF
Umno must be strong and
mature — Abu Hassan
Rival groups in winning team must compromise, says analyst
KUCHING: Now that the dust is settling on the 11th state election, all
attention is on how Tan Sri Adenan
Satem will put together his Cabinet
with all the Barisan Nasional (BN)
components and direct candidates
contributing to the coalition’s landslide victory.
Within BN are SUPP and SPDP still
at odds with their breakaway groups,
which provided most of the direct candidates, and then there’s the question
of the composition of Chinese representation in the state government.
SUPP and SPDP are not talking
to the direct candidates who resigned from their respective splinter
groups, UPP and Teras, to stand in
the election.
“This is Adenan’s biggest headache. It will not be easy but he has
to fix this once and for all. The rival sides have to come to a compromise,” said political analyst Dr
Jeniri Amir.
He said fielding direct candidates
turned out to be “a good strategy”
and it was quite an achievement
that 11 of the 13 candidates won.
Annuar owes
win to hard work
by BN election
machinery
SIBU: Nangka state assemblyman Annuar Rapa’ee of the
Barisan Nasional (BN) said
he owed his win in the 11th
Sarawak state election to hard
work by the BN component
parties’ election machinery.
This included their efforts
to woo voters in Chinesemajority areas, he said.
“PBB’s election machinery and that of other BN
component parties put in
a lot of hard work, particularly in areas where the voters are mostly Chinese. And
we won in three of the five
Chinese-majority areas in
Nangka,” he said.
Annuar won with a majority of 7,617 votes after obtaining 9,617 votes.
Some credit is due to his
mother, Fatimah Othman,
who probably boosted his
chances of securing the seat.
Fatimah speaks fluent Foochow and, as the local media
had reported, Annuar brought
her along on his campaign
rounds, which would have
worked to his advantage.
In the 10th state election in
2011, Annuar won by a majority of 5,302 votes. — Bernama
Ting (second from left) visiting a wet market in Piasau yesterday to thank voters for their
support. He ousted incumbent Ling from DAP by a margin of 2,112 votes. Photo by Bernama
If Saturday night’s victory press
conference is any indication, SUPP
president Senator Datuk Dr Sim
Kui Hian has the advantage, said
another commentator.
“Adenan announced the seats
won by SUPP, and you can see who
was there,” said the commentator,
who declined to be named.
SUPP, which was demolished
by DAP in 2011 in Chinese areas,
came back to win seven seats, five
of them in Chinese-dominated
Batu Kawah, Batu Kitang, Piasau,
Repok and Meradong.
A Chinese community leader
said another poser for Adenan is
the seniority of the BN Chinese
candidates that won, such as Datuk Seri Wong Koh, who resigned
from UPP and retained Bawang
Assan for a sixth term, and SUPP
vice-president Datuk Lee Kim Shin,
who defended the mixed Senadin
seat for a fifth term.
“Wong is a state senior minister
and Lee is an assistant minister. Dr
Sim has not been in the Cabinet before. This is his first term as a state
assemblyman,” he added.
There has been no Chinese deputy chief minister since 2011 after
Tan Sri Dr George Chan, then SUPP
president, was defeated by DAP
rookie Alan Ling Sie Kong in Piasau.
Piasau returned to SUPP after
party secretary-general Datuk Sebastian Ting beat Ling with a bigger
majority on Saturday.
Adenan had said he wanted Chinese ministers in his government
and the issue of a Chinese deputy
chief minister was a matter to be
considered later.
“He has to make sure he has the
best team in his Cabinet, taking
into account all factors — ethnicity, strong backgrounds in various
disciplines, and the experience to
lead the transformation he has envisioned for Sarawak,” said Jeniri.
It’s a situation that calls for delicate
handling, but whatever decision is
reached, Sarawakians can be sure that
it will be “Adenan’s way”. — Bernama
SUPP’s olive branch to ex-members
KUCHING: Fresh from a respectable victory, SUPP is offering an
olive branch to its former heavyweights who stood and won as
Barisan Nasional (BN) direct candidates in the just-concluded Sarawak election to return and rejuvenate the party.
Its president Datuk Dr Sim Kui
Hian said SUPP, which won seven
of the 13 seats it contested, would
become more formidable as a political party should the five ex-leaders
accept the offer.
“Unity is more important. They
are always welcome to rejoin
SUPP,” he said when met yesterday.
Sim led SUPP’s revival by winning
the Batu Kawah seat with a 2,085-
vote majority en route to beating two
other candidates — Christina Chiew
Wang See of DAP and independent
candidate Liu Thian Leong.
The other seats were delivered
by secretary-general Datuk Sebastian Ting in Piasau, vice-presidents
Datuk Francis Harden Hollis (Simanggang) and Datuk Lee Kim
Shin (Senadin), Datuk Dr Huang
Tiong Sii (Repok), Ding Kuong
Hiing (Meradong) and Lo Khere
Chiang (Batu Kitang).
Former SUPP members who
won in the election were Datuk Seri
Wong Soon Koh (Bawang Assan),
Datuk Tiong Thai King (Dudong),
Datuk Dr Jerip Susil (Mambong),
Dr Johnichal Rayong Ngipa (Eng-
kilili) and Ranum Mina (Opar).
Due to differences with the
leadership, Wong, a former SUPP
assistant secretary-general, quit
the party in May 2014 together
with Jerip, Rayong and Ranum to
join Teras but two months later,
left Teras to form the UPP, as a
BN-friendly party.
Sarawak Chief Minister Tan Sri
Adenan Satem had set a condition before the election that those
nominated as BN direct candidates
should quit their parties and choose
any of the state component parties
after winning.
Other than SUPP, BN component parties in Sarawak comprise
PBB, SPDP and PRS. — Bernama
Penang Uber drivers cry foul over low rates
GEORGE TOWN: Hundreds of Uber
drivers here voiced their dissatisfaction with the Uber management
yesterday over low new rates which
affected their incomes.
Penang Uber Partners spokesman
Francis Loke, a full-time driver who
was suspended, said the Uber management announced on April 29 new
rates with a zero starting fare and only
50 sen per kilometre or 20 sen per
minute for all Penang Uber drivers.
He said the new rates clearly
showed that the management did
not take into consideration the interests of Uber Partners, especial-
ly in Penang, which has over 2,000
Uber drivers.
“We hope that the Uber management will remove the surcharge
rate by replacing it with a flat base
rate of RM3, followed by 60 sen per
kilometre and 30 sen per minute,”
he told reporters here yesterday.
Uber is a firm that operates
ride-sharing services through an
online application (app) in which
private vehicle owners may offer
transport services for hire without
a permit or a public service vehicle
licence to operate a commercial taxi.
Loke said various benefits for
Penang Uber partners had also been
removed by the management and
these affected their livelihoods as
their earnings had dropped as a result.
He added that many of Penang’s
Uber drivers have been suspended
for being too vocal in voicing their
grouses. “We are considering quitting
driving under the Uber app until the
Uber management revises the fare to
a more [profitable one] for us,” he said.
He said Penang Uber Partners
are actively looking for other new
driving platforms or app operators
who can offer better income for
their services. — Bernama
SHAH ALAM: Umno must continue to be strong and mature
to ensure that the party continues to exist and champion
the people. Selangor Former
Elected Representatives Council (Mubarak) president Tan Sri
Abu Hassan Omar said Umno
branches should be strengthened to convince people that the
party is still relevant. “Umno’s
biggest challenge is how to regain
the trust of the Selangor people.
We must be more determined to
regain past glory by recapturing
Selangor from the opposition in
the 14th general election,” he
said, adding that Umno must
ensure that the agenda on social,
education and national issues be
achieved. — Bernama
Kit Siang congratulates
Team Adenan on victory
KUCHING: DAP adviser Lim Kit
Siang congratulated Sarawak
Barisan Nasional chairman Tan
Sri Adenan Satem and team
yesterday on their landslide victory in the Sarawak state election on Saturday. He also hoped
Adenan would keep his “#AdenanTeam” and “#AdenanWay”
promises. On DAP’s failure to
retain five of the 12 seats it won
in 2011, Lim said DAP must not
be afraid to lose in elections and
must learn from the defeat to
strengthen itself. He said DAP
was committed to promoting
political change through democracy and must be prepared
to face victories and defeats at
the ballot box. — Bernama
Guan Eng attributes DAP’s
loss to Adenan’s popularity
GEORGE TOWN: DAP secretary-general Lim Guan Eng attributed DAP’s loss in the Sarawak elections on Saturday to
the popularity of Tan Sri Adenan Satem. Guan Eng, who is
also the Penang chief minister,
said DAP’s loss of five state seats
from the previous 12 seats won in
2011 was due to Adenan’s ability
to reinvent himself and show a
new political path to reverse Barisan Nasional’s slide in support
since the 2008 general election.
“Adenan’s personal popularity
overcame the unease caused by
barring opposition leaders from
Peninsular Malaysia from entering Sarawak,” he said in a statement here yesterday. — Bernama
Special team to probe
KTMB crash
KUALA LUMPUR: The transport
ministry has set up a special team
to investigate the accident involving two Keretapi Tanah Melayu
Bhd (KTMB) trains near Kuala
Kubu Baru on Saturday. Minister Datuk Seri Liow Tiong Lai
said it was hoped that the team,
which is led by KTMB, would be
able to submit its report as soon
as possible. “We want to know
whether the accident was caused
by the drivers’ failure to follow
procedures, or simply due to a
system failure,” he told reporters
after chairing the MCA central
working committee meeting here
yesterday. — Bernama
H O M E 13
Drones used in finding last victim
SRI AMAN: The search and rescue
(SAR) operation yesterday to locate the sixth and last victim in the
helicopter tragedy in Batang Lupar
was being facilitated with the use
of drones.
The missing person was Captain
Rudolf Rex Ragas, a Filipino and the
pilot of the helicopter.
Two “Dron mers 999” operators
from Telekom Malaysia had been
specially flown in from Kuala Lumpur for the task.
One of them, Shaiful Zamri Masri,
42, said two unmanned aerial vehicle (UAV) models, Phantom 4 and
Inspire 1, were to be used in the SAR.
SAR team will
use metal
detectors to
locate wreckage
KUCHING: The search and rescue (SAR) team mobilised in the
air crash tragedy in Sarawak will
be using metal detectors to locate the main wreckage of the
ill-fated helicopter, said Department of Civil Aviation (DCA) director-general Datuk Seri Azharuddin Abdul Rahman.
“If we detect metal in the Batang Lupar River at the crash site,
we will get the scuba team to go
in,” he told a press conference
at the DCA control tower here
yesterday.
He said the SAR operation
which had entered its 4th day
yesterday would focus on a
870-sq-km area on either side
of the river in Sebuyau and Lingga, about 220km from here.
He said the SAR team had
also found the tail boom and a
cushion which were believed to
be from the helicopter.
“As of 9.45am today (yesterday), we had found a cushion
in the Pulau Triso area near the
river mouth and the tail boom
in the Sungai Merah, about 4km
northeast of Lingga.
“Among the challenges faced
by the SAR [team] is very low
visibility in the river apart from
swift currents,” he said.
Asked if the helicopter was
carrying more passengers than
permitted which made controlling it difficult, Azharuddin
said this was pure speculation.
“This is speculation in social
media, let the Air Accidents Investigation Bureau do its work,”
he said. — Bernama
“The drones can fly for 20 minutes over an area of 5km at a height
of 122m.
“The drones will take photographs and record videos. If we find
anything on the target, we will alert
the SAR operation centre. Every bit
of data will be shared with the team,”
he said at the SAR operation centre
in Lingga.
Shaiful Zamri, who has experience in SAR from the earthquake in
Sabah last year, managed the UAVs
with colleague Muhamad Afiq Sadali.
Kampung Siantan, Lingga village
chief Wan Amit Wan Kamil, 57, said
he and other residents were glad that
they were asked to assist in the SAR.
The Sekolah Kebangsaan Lela
Pahlawan, Lingga security guard
said he found a backpack he thought
might have had something to do
with the incident, while searching
around Batang Lupar on his boat.
“I was steering the boat in Selimbang River near Peleban about 7km
from the operation centre when I
saw a backpack hanging on a ‘pedada’ tree,” he told Bernama.
Wan Amit said he took the bag
and brought it to the SAR operation centre.
The remains of five of the victims in the Eurocopter AS350 that
IN BRIEF
reportedly crashed last Thursday
have been sent to their respective
states for burial.
The five were Deputy Plantation
Industries and Commodities Minister Datuk Noriah Kasnon, her husband Asmuni Abdullah and her
bodyguard Ahmad Sobri Harun.
The two other persons in the ill-fated helicopter were Plantation Industries and Commodities Ministry Secretary-General Datuk Dr Sundaran
Annamalai and Kuala Kangsar member of parliament Datuk Wan Mohammad Khair-il Anuar Wan Ahmad,
who was also the Malaysian Palm Oil
Board’s chairman. — Bernama
Search op not for
the faint-hearted
Especially when conducted in a crocodile-infested river
SRI AMAN: Dangers and risks
are always part and parcel of any
search-and-rescue (SAR) operation
but looking for bodies in a crocodile-infested river must be extra
challenging, especially when the
location is Sarawak and the search
goes on well into the night.
The SAR team that was deployed
to the site of a helicopter crash in
Sebuyau, Sarawak, last Thursday
was said to have come across about
30 crocodiles in the Batang Lupar
river, near here, which was part of
the search area.
Sri Aman fire and rescue department chief Mohammad Raffy Saibi
said the crocodiles were spotted by
the SAR team comprising civil defence force, armed forces and fire
and rescue department personnel.
“The operation was carried out
well into the night and on [last]
Friday night a number of boats
involved in the SAR [operation]
came across several crocodiles in
the Batang Lupar river.
“It certainly was a shocking experience for the team initially but
we were already warned by the
police about the dangers involved,
especially that it involved crocodiles in the river,” he told Bernama.
Commenting that the helicopter
tragedy SAR was the biggest task he
which had been given to promote
solid waste management so far was
the “Recycle For Life” card, which
enabled cash values to be entered
into the card when selling recycled goods and redeemable from
selected supermarkets.
“The government must make a
more concerted effort to manage
solid wastes in the country before
the situation becomes critical,” he
said when launching the Kulim Mu-
TANJUNG KARANG: The remains of Asmuni Abdullah, 52,
husband of Deputy Plantation
Industries and Commodities
Minister Datuk Noriah Kasnon, who died in the helicopter crash in Sebuyau, Sarawak
last Thursday, was laid to rest
at about 10am yesterday. He
was buried near Noriah’s grave
at the Batu 12 Muslim Cemetery, Sungai Burong, here after
the funeral prayer was held
at 9.05am at the Ar-Rahmah
Mosque. Earlier, Asmuni’s remains were flown in at 7.41am
in a Charlie C130H aircraft that
had left Kuching at about 2am.
The funeral ceremony was attended by nearly 100 people,
comprising family members,
relatives, friends and village
residents. — Bernama
Najib: Mohammad Khairil
Anuar was a compatriot
KUALA LUMPUR: Prime Minister Datuk Seri Najib Razak
described the passing of Datuk Wan Mohammad Khairil Anuar Wan Ahmad as the
loss of a compatriot who had
contributed significantly to
the government, people and
Umno. “The confirmation that
I received yesterday was the
passing of Allahyarham Datuk
Wan Mohammad Khair-il Anuar Wan Ahmad as a result of
the AS 350 helicopter crash. I
have lost a colleague in Umno
who had contributed significantly to the government,
people and our party Umno,”
he said in his Facebook entry
yesterday. — Bernama
Kuala Kangsar member of
parliament laid to rest
Members of the Royal Malaysian Navy scuba unit preparing to continue the SAR
operation at the Pasar Lingga jetty in Sri Aman yesterday. Photo by Bernama
had been assigned to so far, Mohammad Raffy said it also posed
the biggest challenge for him since
joining the department.
“In the past, most of the cases
involved missing persons but they
never involved a ‘high profile’ case
like this,” said Mohammad Raffy who
started his career in the department
10 years ago.
Mohammad Raffy, 41, who has
also served as the Sarawak Zone II
fire and rescue department chief,
said apart from the dangers posed
by crocodiles, there were incidents
where the engines of boats were
stuck in mud during low tide.
Sri Aman police chief DSP Othman Sulaiman, 53, who joined the
police force 33 years ago, said the
conventional method of SAR in the
area was very challenging.
However, the close cooperation
among various agencies involved
had eased the process of the SAR
operation, he said. — Bernama
Abdul Rahman: Govt must act quickly to tackle solid waste crisis
KULIM: A more concerted effort
must be carried out by the government to manage solid wastes
in the country before the situation
becomes unmanageable.
Urban Wellbeing, Housing and
Local Government Minister Datuk Abdul Rahman Dahlan said
all forms of education currently to
boost the awareness of the people
must be enhanced towards this end.
He said among the incentives
Deputy minister’s husband
buried in Sungai Burong
nicipal Level Recycle For Life carnival and programme here yesterday.
The ceremony was jointly organised by E-Idaman Sdn Bhd and the
Kulim Municipal Council.
He said the government also
aspired to reduce the number of
new garbage landfills because the
recycled goods could be used as
fuel to generate energy.
Also present were the ministry’s secretary-general Datuk
Mohammad Mentek; State Local
Government, Water Supply, Water
and Energy Resources, Housing
and Human Development Committee chairman, Datuk Badrul
Hisham Hashim; SWCorp chief
executive officer Datuk Dr Zulkapli Mohamad; E-Idaman Sdn Bhd
chief executive officer Mhd Saiful
Anuar Zainal and Kulim Municipal Council president Md Nordin
Yahya. — Bernama
IPOH: Kuala Kangsar member
of parliament Datuk Wan Mohammad Khair-il Anuar Wan
Ahmad, who died in a helicopter crash in Sarawak last Thursday, was buried yesterday at
the Perak Royal Mausoleum in
Bukit Chandan, Kuala Kangsar,
50km north of here. His remains
were laid to rest at 9.15am after
prayers at the Ubudiah Mosque,
attended by 1,500 people. The
Raja Muda of Perak, Raja Jaafar
Raja Muda Musa, and the Raja
Puan Besar of Perak, Raja Nor
Mahani Raja Shahar Shah, and
the Raja Di-Hilir Perak, Raja
Iskandar Dzulkarnain, paid
their last respects. — Bernama
Ahmad Sobri’s remains
arrive in Terengganu
KUALA NERUS: The remains
of Lance Corporal Ahmad Sobri Harun, bodyguard to the
late Deputy Plantation Industries and Commodities Minister Datuk Noriah Kasnon,
arrived at the Sultan Mahmud
Airport at 6.20am yesterday.
His remains were flown from
Sarawak on a Charlie C130
aircraft, accompanied by his
parents Fauziah Musa and Harun Muda as well as three of
his siblings. Ahmad Sobri was
killed in a helicopter crash in
Sebuyau, Sarawak last Thursday. — Bernama
14 C O M M E N T
Housing is job No 1 for
London’s new mayor
Now it is up to Sadiq to fulfil promise to address the greatest source of city’s growing inequality
BY T H ERESE RA PHA EL
S
adiq Khan of Britain’s
main opposition Labour
Party won the election
as London’s first Muslim mayor, beating the
Conservatives’ Zac Goldsmith, after a bitterly fought and
divisive campaign, with the result
announced in London’s City Hall
early on Saturday morning.
Now it is up to Sadiq to fulfil his
promise to address the greatest
source of London’s growing inequality: the city’s housing crisis.
London housing is both expensive and scarce. The average price
of a London home is now £531,000
(RM3.06 million), about 10 times
the average Londoner’s income and
44% higher than before the financial crisis. Housing is 20% cheaper in Paris, 45% cheaper in Rome
and 56% cheaper in Berlin. Even
Stockholm, another city known
for its high-priced housing, is 32%
cheaper than London.
Rents have risen by 16% in the
past five years, compared with a 2%
growth in average earnings. There
are overcrowding in public housing
and increased homelessness. Some
80,000 children in London are living in temporary accommodation.
Many teachers and other mid-
dle-income workers must either
accept inadequate housing or long
commutes to stay in London. But
young doctors, lawyers and other
professionals, whom you’d expect
to easily afford a home, are also
relying on parental help to buy a
property. In one survey, 73% of
business decision makers said London’s housing supply poses a “significant” risk to the capital’s growth.
Industry lobbies, such as the
Confederation of British Industries,
have expressed concern about how
rising housing costs affect their
ability to recruit and retain staff.
Lower borrowing costs should help
those who can afford hefty down
payments, but lending to first-time
buyers fell 8% in the last year.
All of this is likely to get worse.
London’s population of 8.5 million
is growing steadily, mostly because
the birth rate exceeds the mortality rate. It is expected to reach 10
million by 2030.
London’s housing crisis has
many causes, from planning bottlenecks and property hoarding to
scarcity of financing for small builders. Planning authorities, whose
budgets have been cut by 40% in
recent years, process only about a
third of the permissions required.
Many permissions don’t result in
completed property. As a result,
London builds about 25,000 new
residential properties a year, but
needs at least twice that.
There are solutions, but they will
take more political courage and
capital than either of London’s two
previous mayors, Ken Livingstone
and Boris Johnson, could muster.
Professor Matthew Carmona of
the University College of London
argues that part of the housing crisis
results from the failure to develop
smaller areas and the unwillingness
of banks to work with the oncevibrant community of small builders.
He says 75% of developable land
in London is close to roads, near
existing housing. “Although these
sorts of sites are small and complex, they are also sustainable, well
connected to public transport, and
well serviced by local facilities and
amenities,” he wrote in a recent
article.
Londoners may not like that idea
of more building around them, but
they may also have to get used to it.
Paris, New York and Hong Kong all
have greater population densities
than London, with housing density
in outer London about one-third of
that in inner London.
Another possibility, abhorrent
to many, would be to build on
land that was restricted long ago
to constrain city growth. This Green
Belt comprises 20% of the land in
London and, despite its name, includes some wasteland with derelict buildings.
London could also impose a tax
on non-residents who buy second
homes in the city. Great swathes of
London’s toniest streets have been
bought up by foreign investors and
sometimes left empty. The BBC
has estimated that foreigners own
£122 billion of UK property, mostly
in London. That raises prices and
diminishes community cohesion.
London is a great historic centre, a
modern megacity, and also a place
of searing poverty and inequity.
In his recent book, This Is London: Life and Death in the World
City, journalist Ben Judah delves
into that side of the city and reminds us that 600,000 illegal immigrants live in a city where less
than half of the residents are white
Britons. Inequality and poverty
have many causes, but London’s
housing scarcity must be the single most surmountable obstacle to
exclusion and poor levels of social
mobility.
London’s first and second mayors were towering personalities
who sought to put their stamp on
the city’s landscape. Sadiq has become Europe’s most prominent
Muslim political figure. Ultimately,
however, the success of London’s
third mayor will rest on whether he
proves able to make London more
liveable. — Bloomberg View
This column does not necessarily
reflect the opinion of the editorial board or Bloomberg LP and its
owners.
Turkey’s last shreds of balance are disappearing
BY M A RC C H A MPI ON
IN the beginning, nearly 14 years
ago, Recep Tayyip Erdogan chose
a team of smart and qualified people to run Turkey with him. He has
now forced out one of the last of
that group — Prime Minister Ahmet Davutoglu, who announced
his resignation last Thursday —
and appears set to replace him
with someone more pliant. This is
disastrous for Turkey, as financial
markets have recognised.
To know why, look at the issues
over which Erdogan and Davutoglu — who is no rebel or hero
of a Turkish secular democracy — have sparred, fraying what
was once the tightest of political
relationships to breaking point.
The earliest split came soon
after Davutoglu’s appointment as
prime minister, when he proposed
an anti-corruption package in response to allegations of corruption
made against Erdogan’s family and
closest political allies. Erdogan
said the idea was premature and
it was dropped.
Davutoglu was keen to preserve
a measure of market confidence
in the independence of Turkey’s
central bank, protecting it from
Erdogan’s curious beliefs about
monetary policy (he said higher
interest rates promote inflation, a
theory refuted by several centuries
of economic theory and empirical
data). When a new central bank
governor was to be appointed last
month, Erdogan wanted someone
more responsive to his demands
for lower rates.
Davutoglu has also been marginally less hawkish on the destructive war with militants from
Turkey’s large Kurdish minority,
which was rekindled last year. He
spoke out in support of hundreds
of academics, who were arrested
under antiterrorism laws for writing a public letter critical of Erdogan’s Kurdish policies.
And although publicly supportive of Erdogan’s plans to rewrite
Turkey’s constitution to transfer
virtually all powers to the presidency, Davutoglu’s actions in trying to consolidate his own power
base have given Erdogan cause to
believe him insincere.
Indeed, there is no intellectually honest argument to make
that a presidential system which
hands virtually unchecked pow-
er to someone already subverting
Turkish institutions, from the judiciary to the media, to his control
would be good for Turkish democracy. For that reason, most Turks
— meaning many of Erdogan’s
voters, too — oppose the change.
The final straw appears to have
come with Davutoglu’s push to
negotiate a deal with the European Union (EU) to accept refugees
back from Greece, in exchange for
US$6 billion (RM24 billion) and a
visa-free travel regime for Turks.
Erdogan appeared lukewarm towards the deal, which still faces
hurdles in the EU.
It requires Turkey to adopt a
number of policy changes, including on restraining its rampant
abuse of antiterrorist legislation,
in exchange for visa-free travel to
the EU — a move that would be
enormously popular among Turks.
In other words, it would constrain
Erdogan’s freedom of action and
provide the EU with leverage.
Worse, the EU was clearly happier to deal with Davutoglu than
Erdogan (read the leaked transcript of a meeting between the
Turkish and European Commission presidents to see why). Davu-
toglu, for his part, made sure Turks
saw the deal as his personal success. The talk at which Erdogan
and Davutoglu discussed his future
came last Wednesday night, hours
after the European Commission
recommended a green light to give
Turks visa-free travel.
Let’s go back to the beginning,
when then prime minister Erdogan
and his ruling party were by any
objective measure good for Turkey.
He had as a partner Abdullah Gul,
who would later become president.
Ali Babacan and Mehmet Simsek,
both well qualified and trusted by
foreign investors, ran the economy.
Ertugrul Gunay, a liberal and
former member of the secularist Republican People’s Party,
headed the sensitive culture and
tourism ministry. In parliament,
Justice and Development Party
members of parliament (MPs)
included a significant number of
secular liberals. And when Gul became president, Erdogan picked
an academic, Davutoglu, to run
foreign policy.
Of that team, only Simsek would
remain in place with Davutoglu
gone. In parliament, the party’s
MPs have all been hand-picked by
Erdogan. With an Erdogan lackey
as prime minister, Simsek’s freedom to protect Turkey’s US$720
billion economy from political
damage would narrow further.
The new central bank governor
would be also exposed to greater
political pressure.
Davutoglu suffered from hubris
and an excess of ideology as foreign minister. But his fundamental idea — to rebalance Turkey’s
foreign affairs from a singular focus and dependence on the West,
towards Turkey’s former Ottoman
possessions in the Middle East,
the Caucasus and the Balkans —
was right.
As prime minister, too, Davutoglu has offered a cautious counterweight to an increasingly radical president, who increasingly
defines himself against Western
values and goals. By replacing his
hand-picked prime minister with
someone still more subservient,
Erdogan will get the effects of a
presidential constitution even if
he cannot succeed in rewriting
it. And one of the last shreds of
balance in Turkey’s political life
will disappear for the foreseeable
future. — Bloomberg View
H O M E B U S I N E S S 15
WEEK
IN FOCUS
1
DiGi.Com Bhd (Digi) head of
post-paid and digital services
Praveen Rajan Nadarajan (left)
and chief marketing officer Loh
Keh Jiat at the launch of DiGi’s
post-paid Internet sharing feature in Kuala Lumpur on May
4. — Photo by Sam Fong
2
LARGEST INTEGRATED DEVELOPMENT ... (From left) LBS Bina Group Bhd executive director Datuk Seri Lim Hock Sing, Tengku Mahkota Pahang Tengku
Abdullah Sultan Ahmad Shah, LBS Bina managing director Tan Sri Lim Hock San, Pahang Housing and Urbanisation Committee chairman Datuk Seri Wan Rosdy Wan Ismail and LBS
Bina Group subsidiary director Datuk Seri Adnan Wan Mamat at the launch of the first phase of the largest integrated development in Brinchang, Cameron Highlands, Pahang — the
Cameron Centrum Precinct 1, on May 3. The project comprises 58 commercial units with an estimated gross development value of RM183 million. Photo by Patrick Goh
(From left) Employees Provident Fund (EPF) deputy chief
executive officer (CEO) for
strategy Tunku Alizakri Raja
Muhammad Alias, CEO Datuk
Shahril Ridza Ridzuan, deputy
CEO for investment Datuk Mohamad Nasir Ab Latif and deputy CEO for operations Datuk
Mohd Naim Daruwish at the
release of the EPF’s annual report for 2015 in Kuala Lumpur
on May 3. — Photo by Shahrin
Yahya
3
Malaysia Building Society Bhd
president and chief executive
officer Datuk Ahmad Zaini Othman (left) and senior vice-president and chief financial officer
Tang Yow Sai after the extraordinary general meeting in Kuala
Lumpur on May 5. — Photo by
Sam Fong
4
LKL International Bhd managing director Lim Kon Lian (left)
and Alliance Investment Bank
Bhd chief executive officer Mahesh P Rupawalla at the launch
of LKL’s prospectus in Kuala
Lumpur on April 26. — Photo
by Shahrin Yahya
1
2
3
4
5
5
(From right) Maxis Bhd chief
executive officer Morten Lundal, head of consumer business
Dushyan Vaithiyanathan and
head of sales & service Tan Lay
Han at the launch of the significantly upgraded MaxisONE
Plan in Kuala Lumpur on April
22. Maxis upgraded over a million customers overnight with
up to 5 times more data and
introduced new ways to use
extra data.
16 FO CU S
This is where bad
bankers go to prison
Iceland’s Kviabryggja Prison
is an old farmhouse bound by
the North Atlantic on one side
and fields of snow-covered
lava rock on another.
Photos by Bloomberg
Iceland is the only nation that put top finance executives behind bars after the 2008 crisis
BY ED WARD ROB I NSON
& O M AR VA L D I MA RSSON
K
viabryggja Prison
in western Iceland
doesn’t need walls,
razor wire, or guard
towers to keep the
convicts inside. Alone
on a wind-swept cape, the old farmhouse is bound by the frigid North
Atlantic on one side and fields of
snow-covered lava rock on another.
To the east looms Snaefellsjokull,
a dormant volcano blanketed by a
glacier. There’s only one road back
to civilisation.
This is where the world’s only
bank chiefs imprisoned in connection with the 2008 financial
crisis are serving their sentences. Kviabryggja is home to Sigurdur Einarsson, Kaupthing Bank’s
one-time chairman, and Hreidar
Mar Sigurdsson, the bank’s former
chief executive officer, who were
convicted of market manipulation
and fraud shortly before the collapse of what was then Iceland’s
No 1 lender.
They spend their days doing
laundry, working out in the jailhouse gym, and browsing the Internet. They and two associates
incarcerated here — Magnus Gudmundsson, the ex-chief executive
officer (CEO) of Kaupthing’s Luxembourg unit, and Olafur Olafsson,
the No 2 stockholder in the bank
at the time of its demise — can
even take walks outside, like Kviabryggja’s 19 other inmates, all of
whom were convicted of non-violent crimes.
It may not be hard time, but it’s
a far cry from the giddy days when
the Kaupthing bankers hosted parties for clients aboard yachts in
Monte Carlo, and hired the likes of
pop legend Tom Jones to serenade
guests at London galas.
In sentencing these financiers to
serve terms of up to 5½ years, the
Icelandic courts have done something authorities in the world’s two
great banking capitals, New York
and London, haven’t: They’ve made
bankers answer for the crimes of the
crash. “The Icelandic banks went
overboard,” says Olafur Hauksson,
the one-time small-town police
chief, who in January 2009, was
appointed special prosecutor to investigate the banking cases. “They
were basically bankrupt.”
Hauksson is still at it. In March
his office indicted five others for
market manipulation and fraud,
including Larus Welding, former
CEO of Glitnir Bank. In all, there
have been 26 convictions of bankers
and financiers since 2010. Welding
declined to comment.
Holding its most powerful bankers accountable should have been
a satisfying result for Iceland’s
333,000 residents. But a brewing
scandal involving a secret share
sale by the country’s biggest lender,
Landsbankinn, has raised fears that
the crony capitalism that marked
the pre-crash era still lingers. The
soaring popularity of an insurgent
political movement called the Pirate Party, meanwhile, shows that
anger continues to simmer beneath
the surface of Iceland’s recovery.
“The mood of society is still fairly dismal,” says Stefan Olafsson, a
professor of sociology at the University of Iceland. “There is a loss
of trust in politics, institutions, and
parties. You could blame the nation for being ungrateful, because
politicians have done some good
things after the crisis. There is a
contradiction.”
Iceland may be a faraway country with a population about the size
of the Maldives, but it’s experiencing the same type of populist revolt
that’s rocking governments across
the West. In Spain the rise of the
Podemos and Ciudadanos political
movements has ended 40 years of
two-party rule and prevented the
formation of a government following the December general election.
British voters will decide on June 23
whether to quit the European Union. And in America’s presidential
contest, firebrands Donald Trump
and Bernie Sanders — who favour
prosecuting Wall Street bankers —
won over voters fed up with the
status quo.
Just a decade ago, the status quo
in Iceland was very different. The
country’s top three banks, having
thrown off decades of fiscal discipline in a spasm of deregulation
in the 2000s, tapped international debt markets like never before.
Blessed with stellar credit ratings
and access to the European Economic Area, the trio borrowed €14
billion in 2005 alone, double their
intake in 2004. But they only paid
about 20 basis points, or 0.2%, over
benchmark interest rates, according to the Icelandic Parliament’s
Special Investigative Commission.
It was an easy moneymaker. As
the banks lent the funds back out
at high interest rates, they raked in
huge profits and recorded a whopping 19.7% return on equity in 2007.
Flush with credit themselves, Icelandic households bought flats in
London, took shopping trips to Paris, and jammed Reykjavik’s streets
with Range Rovers. By 2008 the
banks’ assets had swollen to 10
times the nation’s US$17.5 billion
economy.
Then came the fall of 2008 and
paralysis in global markets. The
banks lost their short-term funding and could no longer service
their own debts. The krona’s value
fell, making loans denominated in
foreign currencies far more expensive. Kaupthing and its two rivals,
Landsbanki Islands and Glitnir,
defaulted on US$85 billion in debt
in October of that year, and house-
Kviabryggja Prison’s single-storey barracks.
holds lost more than a fifth of their
purchasing power.
Citizens pelted the 135-yearold stone parliament building with
eggs and rocks. Birna Einarsdottir, a
marketing executive at Glitnir, was
named that month CEO of Islandsbanki, a new lender formed from
the old bank’s domestic assets after
receivers took control. Sipping tea
in a conference room with a view
of Faxafloi Bay, she winces when
asked to recall what it was like in
those days. “Do you have something to give me if I do? A gin and
tonic?” she says.
Einarsdottir says she and fellow staff members cried at their
desks, struggling to understand
how Glitnir had failed and what
was next. The new CEO called an
all-hands meeting in a hotel banquet room that was part strategy
session, part group hug. With security guards outside the doors
in case of protests, she urged her
1,000 co-workers to be patient with
customers who feared they’d lost
their livelihoods and their ability
to obtain credit. The bank would
regain trust by serving them, she
told the throng. “I know it sounds
like I’m speaking from a textbook,”
she says, “but it was important for
staff to see one year ahead. The
only way to get through that time
was to be optimistic.”
On a pale February afternoon,
there are signs of economic renewal throughout central Reykjavik.
Laugavegur, the main drag through
town, is bustling with window shoppers. In the last few years, numerous boutiques, art galleries, and
restaurants offering Icelandic delicacies, such as smoked puffin have
opened to serve the locals, and
tourists taking advantage of the
devalued krona.
On the waterfront, a five-star
hotel is being built next to the Harpa Concert Hall and Conference
Centre, an angular structure with
a honeycombed glass facade the
colour of the sea. Constructed during the crash, the US$235 million
complex used to symbolise the nation’s hubris. Now, a tour guide
tells visitors, it’s become an “icon
of resurrection”.
It’s a rebound other European
nations would envy. Iceland’s gross
FO CU S 17
Kaupthing convicts are marking time in different ways
domestic product is set to expand
almost 4% this year, according to
forecasts compiled by Bloomberg.
The unemployment rate of 2.8% is
about one-third the average of the
European Union. As the state prepares to lift capital controls later
this year, the banking sector continues to strengthen: State-owned
Islandsbanki, the nation’s No 2
lender with US$8.4 billion in assets, boasts a common equity Tier
1 ratio of 28.3%.
That’s more than twice the 12.7%
average recorded by Europe’s 25
largest banks as of Dec 31, according to Bloomberg data. “Before the
crisis, the banks grew too fast and
too much,” says Unnur Gunnarsdottir, director-general of the Financial Supervisory Authority,
which oversees the lenders. “That
will not happen again.”
But a deal involving Iceland’s top
bank and a relative of Bjarni Benediktsson, minister of finance and
economic affairs, is marring this
feel-good story. In November 2014,
state-owned Landsbankinn sold a
31.2% stake in Icelandic payment
processing company Borgun for 2.2
billion kronor or US$18 million in
a private placement.
A company controlled by Einar
Sveinsson, the cabinet minister’s
cousin, was part of a group that
bought the shares. While there’s
nothing unlawful about a private
stock sale, crisis-weary Icelanders
didn’t appreciate a bank — especially a state-owned one under
the finance minister’s jurisdiction
— executing a deal behind closed
doors. Landsbankinn, which succeeded Landsbanki after it failed in
2008, has publicly disclosed similar
share sales.
It didn’t help that Sveinsson’s
company is domiciled in Luxembourg. Shell companies based
in the secretive European duchy
were a hallmark of the criminal
cases Hauksson brought against
the Kaupthing Four, court records
show. “Why is there still such a lack
of transparency about these sort of
actions?” asks Birgitta Jonsdottir, a
member of the Althingi, Iceland’s
parliament, and co-founder of the
Pirate Party. “There’s been plenty
of time to fix that.”
The plot thickened last November when Visa agreed to acquire
Visa Europe in a deal valued at as
much as €21.2 billion. Borgun is
one of 3,033 banks and payment
companies that own Visa Europe.
That means Sveinsson and his fellow investors are poised to more
than double the value of their stake,
to US$12 million, when Visa completes the deal later this year,
according to Landsbankinn. Outraged citizens
protested in front of the
lender’s headquarters
Hauksson was one of
only two applicants
for the job of special
prosecutor.
in central Reykjavik in January.
Someone recently hung a sign on
a highway overpass: “Borgun investors: Return what you stole!”
The government’s overseer of
state-owned assets is also alarmed.
On March 14, Icelandic State Financial Investments (ISFI), which
reports to Finance Minister Benediktsson, said the Landsbankinn
board should report what steps it’s
taken to “regain the trust” of the
public. “The sale procedure cast a
significant shadow on Landsbankinn’s results and the professional
appearance of the bank and its executives has been damaged,” ISFI
wrote in a letter to Benediktsson.
Two days later, five of Landsbankinn’s seven board members said in
a statement that they wouldn’t seek
re-election at the lender’s annual
shareholders’ meeting on April 14.
Landsbankinn chairman Tryggvi Palsson didn’t return calls for
comment; he said in March 2015
that the share sale was lawful, but
the bank should have conducted it
in a public auction. Benediktsson
declined to comment for this article, as did Sveinsson. The Financial
Supervisory Authority also declined
to comment on the affair.
The Borgun affair is unfolding as
Icelanders are flocking to the Pirate
Party, a left-leaning organisation
whose symbol is a Jolly Roger flag
sporting a filleted fish instead of a
skull and crossbones. The threeyear-old group won the support
of 38% of prospective voters in a
March opinion poll, two percentage points behind the ruling Independence-Progressive coalition.
If the party’s support holds, it
could win 26 seats in the 63-member parliament in the next election
in April 2017. Pirate Party co-founder Jonsdottir, a Doc Martens-clad
writer and activist who calls herself
a “poetician,” could be in a position to block government plans to
eventually sell Landsbankinn and
Islandsbanki.
“The same parties that ran this
country into the ground during
the privatisation from 2000 to 2004
now want to privatise the banks
again,” says Jonsdottir, who sits on
the legislature’s Constitutional and
Supervisory Committee. “I have a
massive problem with that, and it
won’t happen if I have anything to
do with it.”
Meanwhile, Hauksson, a bear of
man with a fighter’s jaw, is pressing ahead with a half-dozen more
cases related to the crash. The former top lawman in Akranes, a port
town up the coast from Reykjavik,
Hauksson was one of only two
applicants for the job of
special prosecutor —
and the only lawyer.
“It was important for the country
to look carefully at
what happened in
the months that led
up to the banking
collapse,” he says.
Few expected him
to succeed in untan-
gling the web of self-dealing that
stretched from Reykjavik to Luxembourg to London. “He was used to
issuing parking fines and breaking
up drunken brawls,” says Sigrun Davidsdottir, a journalist who writes
about the bank cases on her website, Icelog. “It’s earth-shattering
what he’s accomplished.”
Working with the Financial
Supervisory Authority, his office found that the country’s top
three banks routinely made huge
loans to their biggest stockholders. Worse, the banks secured the
debts with their own equity, which
spelled doom when share prices
nosedived in September 2008. That
month, Kaupthing chairman Einarsson and CEO Sigurdsson surprised investors by announcing
that Sheikh Mohammed Hamad
Khalifa al Thani, a member of Qatar’s royal family, had acquired a
5.1% stake in the bank.
The two bankers, with the help
of Gudmundsson in Luxembourg
and stockholder Olafsson, had directed Kaupthing to lend the sheikh
US$280 million to buy the stake
through a daisy chain of shell companies in the British Virgin Islands
and Cyprus, according to court records. Arion Bank was formed from
the domestic assets of Kaupthing
after it failed in October 2008.
By misrepresenting Kaupthing’s
true condition, the four men defrauded investors and manipulated the bank’s valuation, the courts
ruled. In February 2015, Iceland’s
Supreme Court called the actions
“thoroughly planned” and “committed with concentrated intent”.
The Kaupthing Four argued their
actions were lawful and blamed
the bank’s failure on the global financial crisis.
Hauksson scoffs at that argument. “That was the reason for
everything,” says the prosecutor
in an office where virtually every
inch of surface space is stacked with
legal filings. “The verdicts stripped
away their excuses.” Al Thani, who
never commented publicly in the
case, wasn’t charged. Contacted
through prison administrators, Einarsson, Sigurdsson, Gudmundsson,
and Olafsson declined to comment.
In contrast to the Icelandic saga,
no bank CEOs in the United States
or the United Kingdom have been
convicted for their roles in the subprime mortgage crack-up and related disasters. Bringing white-collar
criminal cases may be easier in
Iceland because courts don’t use
juries. Rather, they employ neutral
experts to help judges understand
the intricacies of finance.
In Britain’s highest-profile case
stemming from the crash, the country’s Serious Fraud Office (SFO)
investigated London-based real
estate magnates Vincent and Robert
Tchenguiz in connection with their
business dealings with Kaupthing.
The brothers were never charged,
and in 2014 the SFO even had to
pay them £4.5 million in damages
to settle their claims of malicious
prosecution.
For its part, the US Department
of Justice has refrained from prosecuting individual bankers after a
Brooklyn, New York, jury in 2009
acquitted two former hedge fund
managers at Bear Stearns accused
of securities fraud. “Washington
wasn’t willing to take the risk of
another stinging defeat, so they
slowed down a host of other prosecutions,” says John Coffee, a professor of securities law at Columbia
in New York.
In 2013 then-US Attorney General Eric Holder told Congress that
Wall Street banks are so big that
prosecuting them might harm the
economy. He later stressed no institution is above the law. Some
watchdogs are appalled the Feds
chose only to extract big civil fines
from institutions.
“There’s no justification over
what appears to be a lack of effort
to identify individuals engaged in
misconduct and to bring charges,”
says Phil Angelides, chairman of the
Financial Crisis Inquiry Commission, a bipartisan panel established
by Congress. “It sends a signal that if
you do wrong on Wall Street, there’s
really no consequences. That’s bred
cynicism about the justice system,
and it’s bred anger.”
While Iceland’s leaders have
meted out justice by jailing financiers, they still have work to do to
repair the damage wrought by the
crash. “The politicians did fail,”
says sociology professor Olafsson.
“They allowed this thing to happen,
all the excesses and the greed and
the debt accumulation. Something
broke in terms of trust.”
Back at Kviabryggja Prison, the
tumult in the capital seems worlds
away. It’s dead quiet around the
single-storey barracks, and in the
distance rise massifs that form Iceland’s western fjords. The Kaupthing convicts are marking time in
different ways. A couple of them
are tutoring fellow inmates. The
subjects: math and economics. —
Bloomberg
18 FO CU S
Agile and graceful
The new Mercedes-Benz GLC range offers more choices in the SUV market
BY JU S T IN HA RPER
S
ingaporeans love three-letter abbreviations (TLAs), so the new
Mercedes-Benz GLC range should
fit right in. Not only that, but it is
actually a great little mid-sized
SUV that should give the BMW
X3 and the Audi Q5 a run for their money.
The GLC replaces the GLK, Mercedes Benz’s
best-selling sports utility vehicle that was
never manufactured in righthand-drive, so
it was not available locally.
The C in GLC refers to the car’s platform,
which it shares with the Mercedes C-class.
GL refers to Mercedes-Benz’s light sport
utility vehicle (SUV) range, as opposed to
its hard-core G-class offroaders.
Many felt the Mercedes marque was missing from the mid-sized SUV segment, so
the luxury German brand seems to have
listened — hence the debut of the GLC. The
SUV category is definitely a great one to be in
and competition is heating up in the luxury
end, with the likes of Bentley, Porsche and
Rolls-Royce all muscling in on this territory.
The GLC is wider, but shorter than the
BMW X3. Up against the Audi Q5, it is longer
bumper to bumper, but does not stand as
tall. I was test-driving the GLE 250, which is
powered by a 2li, turbo-charged engine mated to a nine-speed automatic gearbox that
made its debut on the GLE 450 AMG coupe.
It drives as fast as it sounds, can achieve
the century sprint in 7.3 seconds and has a
top speed of 222kph (not that I even came
close to this level of velocity). This is very
impressive for a SUV that weighs more than
1.7 tonnes with a modest 1,99cc engine. This
power is always nice to have in those odd
times when you see open road in front of
you, and it is delivered very smoothly via the
permanent all-wheel drive system. It is fast
and agile, while offering plenty of comfort
The GLC is wider but shorter than the BMW X3.
MERCEDES-BENZ
GLC-CLASS GLC250
$220,888 including COE
Engine: 1,991cc, four-cylinder, in-line
16-valve
Power/torque: 208bhp/350 Nm
Fuel consumption: 7L/100km
0 to 100kph: 7.3 seconds
Top Speed: 222 kph
and luxury. The standard Dynamic Select
handling system offers five programmes:
Eco, Comfort, Sport, Sport+ and Individual — the last for personal configurations to
set the engine, transmission and steering
responses as well as the suspension settings.
While the GLC concept may be unfamiliar to Singaporean drivers, the quality and
luxury you associate with Mercedes-Benz
will not be. There is a familiarity about the
interior features with the high-quality, black
gloss finishes and chrome fittings. It is plush
all the way through with no hint of cheap
materials or corners cut.
The back seats look spacious and actually enjoy 34mm more foot space. The rear
seats can be folded back to increase the already-generous luggage space. As with all
Mercedes-Benz cars, you are overwhelmed
by the technology on hand, especially safety
functions. These include Collision Prevention Assist Plus, Attention Assist and PreSafe Plus. The other techy gadgets include
the keyless system, a motorised tailgate,
light-emitting diode (LED) headlights, a
touchpad infotainment screen and the ambient cabin lighting.
Mercedes-Benz has just partnered Capri
by Fraser to offer bespoke serviced apartments in Changi City. The rooms all have
The interior features high-quality, black gloss finishes and chrome fittings.
a Black Magic Wall, which features an integrated smart TV within the glossy, imposing
erection. I was reminded of this wall when I
drove the GLC 250 with its shiny black surfaces and hi-tech additions.
While the interior delighted, the exterior
of the car took some time to adjust to, as this
is a new shape and concept for MercedesBenz’s SUVs. I was expecting a bigger, hulking frame but was greeted instead with a
well-rounded and smaller SUV that reminded me a little of a beefedup GLA, especially
with its chunky 18in wheels complementing
the GLC’s long and elegant profile. I actually
prefer smaller and more compact SUVs over
the bigger, burlier ones. For example, the
Porsche Macan gets my vote over the Cayenne, while I prefer Audi’s Q3 to the bigger
Q5 or Q7. As I have often discovered, while
the bigger SUVs may look imposing and
command more road presence, they can
be a nightmare to park and have a higher
fuel consumption.
With an asking price of US$220,888
(RM883,552), given the luxury you are getting
and the prestige of the three-starred badge,
it definitely looks like a value-for-money
SUV in my book. The GLC 250 should eat
into the market that BMW’s X3 and Audi’s
Q5 have enjoyed for so long, and that’is no
bad thing. More choice is always good for
consumers. — The Edge Singapore
Justin Harper is a freelance journalist with
a passion for all things fast.
W O R L D B U S I N E S S 19
Farcical energy
deal prompts
George Costanza
defence
by ETE
Prince puts stamp
on Saudi overhaul
BY K EVI N A L L I SON
CHICAGO: A farcical energy
deal has given rise to a new
takeover tactic. Call it the
George Costanza defence. Like
the character from the Seinfeld
sitcom, Energy Transfer Equity (ETE) wants to redefine the
terms of a soured relationship:
its US$21 billion (RM84 billion)
takeover of rival pipeline operator Williams Companies.
ETE aims to pay less cash, and
seems intent on forcing the
issue by making itself as unattractive as possible. The stakes
are no laughing matter, though.
ETE spent a year trying to
lure Williams into bed before
its smaller rival finally agreed to
a cash-and-shares offer last September. Then oil prices crashed,
dragging down the stock of both
companies and raising concerns
about the debt ETE would have
to incur to cover the US$6 billion
cash portion of the deal.
ETE has launched
what looks like a
scorched-earth
campaign against
its own transaction.
Unable to wriggle out of
the merger agreement, ETE
has launched what looks like a
scorched-earth campaign against
its own transaction. In March,
the reluctant buyer slashed its
estimate of the merger’s financial benefits by more than 90%.
It also warned of big job cuts in
Williams’ home state of Oklahoma and launched a private share
placement that would dilute the
stake of Williams owners in the
combined company.
In the latest twist, ETE boss
Kelcy Warren warned last Thursday that the company would
not be able to close the deal by
a June 28 deadline because of
problems procuring a necessary tax opinion from its legal
counsel. Whether or not that
issue is real, the situation is reminiscent of the Seinfeld episode
The Strongbox, in which George
resorts to increasingly absurd
tactics in trying to persuade his
girlfriend to let him dump her.
For ETE and Williams, though,
it’s no joke. Williams is already
suing ETE over the private placement and would presumably
fight any attempt by the buyer
to walk away. Judges in Delaware, where any legal case would
probably be heard, have typically been unsympathetic towards
companies with buyer’s remorse.
ETE may yet convince Williams
shareholders to accept less cash,
but that might provoke another
Seinfeld shtick: an extended airing of the grievances. — Reuters
Central bank chief and long-time oil minister replaced
BY V IV IAN NEREIM
& ALAA SHAHINE
RIYADH/DUBAI: Saudi Arabia replaced its central bank chief and
long-time oil minister as part of
sweeping economic changes led
by Deputy Crown Prince Mohammed Salman to reduce the nation’s
reliance on hydrocarbons.
King Salman appointed Ahmed
Alkholifey to head the Saudi Arabian Monetary Agency, as the central
bank is known, succeeding Fahad
al-Mubarak, who had been in the
role since 2011. Also out is Oil Minister Ali al-Naimi, the architect of
the 2014 switch in Organization
of the Petroleum Exporting Countries policy that’s since roiled crude
markets, replaced by Saudi Aramco
chairman Khalid al-Falih.
Saudi Arabia is undergoing its
biggest-ever economic shake-up,
led by the deputy crown prince
and second in line to the throne, as
it prepares for the post-oil era following the plunge in crude prices
that started in 2014.
The kingdom’s energy industry, as well as its central bank, will
play a “critical role in the economic
transformation” plans, said Simon
Kitchen, head of macro-strategy
at Cairo-based investment bank
EFG-Hermes. “The deputy crown
prince has now put his stamp on
both institutions,” he said.
A filepic of al-Falih (left) and al-Naimi at a news conference in Jeddah in September
2009. King Salman has appointed al-Falih to succeed al-Naimi, who had headed the oil
ministry for almost 21 years. Photo by Reuters
Al-Naimi, 80, retired after heading the oil ministry for almost 21
years. His departure is another sign
of Prince Mohammed’s growing
influence.
At the April 17 meeting in Doha
where producers discussed a possible output freeze to curb the global
glut, al-Naimi lacked the authority
to complete any deal, according to
his Russian and Venezuelan counterparts. The view of Prince Mohammed, who had insisted that
no deal was possible without Iran,
eventually prevailed and the talks
collapsed.
As part of Saturday’s royal decrees, the name of the oil ministry
becomes the Ministry of Energy,
Industry and Mineral Resources,
and will undertake tasks and responsibilities related to electricity.
Prince Mohammed’s plans, outlined in the so-called “Vision 2030”
blueprint announced on April 25,
include setting up the world’s biggest sovereign wealth fund, transforming Aramco into an energy
and industrial conglomerate, and
generating an additional US$100
billion (RM400 billion) in non-oil
revenue by 2020. — Bloomberg
figures from the state statistics bureau suggest an unexpected March
export increase may have been a
blip, and that meeting ambitious
economic growth targets will be
a challenge.
China exported about US$173
billion (RM692 billion) worth of
goods in April, the bureau said,
while importing products worth
US$127 billion. As a result, the
country’s trade surplus rose to
about US$46 billion.
The bureau earlier gave figures
in terms of China’s yuan currency, which showed a modest rise in
exports in April. The dollar figure
diverged as the yuan has depreciated over the last year.
Beijing is attempting a difficult
transition away from reliance on
cheap exports and infrastructure
investment towards hi-tech industry and consumer spending. But
it is still targeting growth of 6.5%
to 7% this year. — AFP
Honda to recall 20 million more airbags — report
TOKYO: Honda Motor will recall an
additional 20 million Takata-made
airbags globally, a newspaper said
yesterday, in a widening scandal
that has led to the biggest auto recall in US history.
Tokyo-based auto parts giant
Takata is struggling to deal with a
defect blamed for grisly injuries that
have in some cases proved fatal. Honda, along with other automakers, has
already been ordered by US authorities to recall all units that do not con-
Mongolian output to go
up in 4 years — Rio Tinto
MELBOURNE: Rio Tinto
Group’s US$5.3 billion (RM21.2
billion) underground expansion
of the Oyu Tolgoi mine in Mongolia will increase its output in
about four years’ time when
the copper market is in deficit,
according to its deputy chief executive officer. The investment
to expand the copper and gold
mine required courage due to
the “challenging economic climate”, Jean-Sebastien Jacques
said at an event on Saturday in
Mongolia, according to an email
transcript provided by the company. “The long-term need for
copper remains strong and production from Oyu Tolgoi underground will commence when
copper markets will be in deficit,” said Jacques. — Bloomberg
EIG submits new bid for
Pacific Exploration
China exports fall in sign of weakness
BEIJING: China’s exports slumped
nearly 2% in April compared with
the same month last year, as imports fell almost 11%, officials said
yesterday, the latest sign of weakness in the world’s second largest
economy.
The key export sector has shown
year-on-year declines in US dollar
terms for nine of the last 10 months
as the country’s economic growth
has fallen to its slowest level in a
quarter of a century. Yesterday’s
IN BRIEF
tain a desiccant that keeps explosives
in airbags from deteriorating.
The Japanese automaker now
plans to widen areas for the recall
to Asia, Oceania, Latin America
and Europe, which will force it to
recall another 20 million airbags
or more globally, bringing the total
number to more than 50 million,
the Nikkei daily said.
The additional cost is estimated
at ¥200 billion (RM7.47 billion), the
business newspaper said, adding
that the latest move by the biggest
buyer of Takata airbags may prompt
other automakers to follow suit.
Last Wednesday, the US National Highway Traffic Safety Administration ordered Takata to recall
between 35 and 40 million more
airbags installed in US cars. That is
on top of the 50 million already recalled globally, including about 29
million in the United States, making it by far the biggest auto recall
in US history. — AFP
TORONTO: EIG Global Energy
Partners has submitted a new
bid for Pacific Exploration &
Production Corp with US$830
million (RM3.32 billion) in
creditor recovery that the private-equity firm argues is “vastly superior” to the one selected
last month by the board of the
Colombia-based oil producer.
The new bid comes ahead of
a court hearing tomorrow in
Canada on Pacific’s restructuring plan. Last month, Pacific
selected a proposal submitted
by Canada’s Catalyst Capital
Group Inc after an auction that
included rival bids by EIG, Gran
Tierra Energy Inc and Alfa SAB,
according to people familiar
with the matter. — Bloomberg
Indonesian govt approves
US$1.5b of O&G projects
JAKARTA: Indonesia’s upstream oil and gas (O&G) regulator, SKK Migas, approved
development plans for 18
O&G projects from January to
April, with a total investment
of US$1.496 billion (RM5.98
billion), it said in a statement
yesterday. SKK Migas estimated the cumulative oil and condensate production from the
18 projects to be 45 million
barrels, while the natural gas
production is estimated at 271
billion cubic feet. The projects
are projected to start between
2016 to 2020, the statement
said. — Reuters
‘Uber to launch UberX
service in Berlin’
FRANKFURT: Ride-hailing
service Uber aims to launch its
UberX service, which uses licensed professional drivers, in
the German capital Berlin after
failing to find enough drivers in
some of the country’s other cities,
Uber’s Germany chief Christian
Freese told a newspaper. “We are
planning to start UberX in Berlin
in June,” weekly Welt am Sonntag
quoted Freese as saying in an
interview published yesterday.
In the long run, Freese said, he
also wanted to bring UberPool to
Germany, a service in which several customers share one Uber
vehicle. — Reuters
20 WORLD
Australia’s PM Turnbull
calls July 2 election
Dissolution of both houses of parliament effective today
CANBERRA: Australian Prime Minister Malcolm Turnbull yesterday
called an election for both houses
of parliament on July 2, as he seeks
his own mandate with the public
just eight months after deposing
predecessor Tony Abbott in a party coup.
The widely expected announcement was the latest chapter in the
turbulent world of Australian politics,
where a revolving door of leaders
saw multimillionaire former banker Turnbull, 61, become the fourth
prime minister in just over two years
when he ousted Abbott in September.
“The governor-general has accepted my advice to dissolve both
houses of parliament effective tomorrow (today) morning, and call
an election for both houses, a double dissolution, on 2 July,” Turnbull
said in Canberra as he announced
one of the nation’s longest-ever
election campaigns.
“Australians will have a very clear
choice — to keep the course, maintain the commitment to our national economic plan for growth and
jobs, or go back to Labor, with its
high-taxing, higher spending, debt
and deficit agenda.
“I will be seeking a mandate
from the Australian people as the
prime minister of this country to
carry out this [economic] plan.”
Leaders, Kerry
to join UK
anti-corruption
summit
LONDON: The presidents of
Afghanistan, Colombia and
Nigeria will join US Secretary
of State John Kerry at an anti-corruption summit in London next week, which British
leader David Cameron said
yesterday will make the issue
a global priority.
The prime minister wants
those attending Thursday’s
day-long summit to sign the
“first-ever declaration against
corruption” that would acknowledge the damage it causes
and commit them to tackling it.
“For too long, there has been
a taboo about tackling this issue head on. The summit will
change that. Together, we will
push the fight against corruption to the top of the international agenda where it belongs,”
Cameron said.
Issues under discussion will
include how to “lift the lid on
practices that allow the corrupt to act with impunity”, he
said in a statement released by
Downing Street. — AFP
Labor opposition leader Bill
Shorten, a 48-year-old ambitious
former union chief, will take on the
Liberal Party’s Turnbull in what is
tipped to be a tightly contested vote.
The latest opinion polls, published by News Limited yesterday,
showed the coalition and Labor
neck-and-neck at 50-50.
Turnbull ruled out a snap poll
after he assumed the top job but
stayed true to his threat last month
to call early elections by using the
trigger of a double dissolution —
where all seats in both houses of
parliament are contested — after
deadlocked legislation failed to pass
the upper house Senate.
The suave ex-barrister and journalist, a moderate on social issues,
came into power with high personal ratings.
But support for him and the
ruling Liberal-National coalition
has slipped recently amid poorly
handled debates about reforms
and internal divisions fuelled by
discontent from Abbott’s conservative supporters.
The coalition has traditionally campaigned on its purported
strength in economic management,
with Turnbull and Treasurer Scott
Morrison pledging to boost jobs
and growth when they handed
down their first budget. — AFP
FORT MCMURRAY: A ferocious
wildfire wreaking havoc in Canada doubled in size on Saturday
and officials warned that the situation in the parched Alberta oil
sands region was “unpredictable
and dangerous”.
“This remains a big, out-of-control, dangerous fire,” Public Safety
Minister Ralph Goodale said of the
raging inferno bigger than London
that forced the evacuation of the
city of Fort McMurray.
Winds were pushing the flames
LONDON: London’s new Muslim
mayor Sadiq Khan accused Prime
Minister David Cameron yesterday
of using “Donald Trump playbook”
tactics to try to divide communities
in a bid to prevent his election.
The day after being sworn in with
a promise to be “mayor for all Londoners”, the Labour lawmaker condemned Cameron’s Conservatives for
LONDON: A British vote to
leave the European Union (EU)
next month could make the
country more vulnerable to
militant attacks and cause instability across the continent,
two former senior British intelligence officials said. John
Sawers, who stepped down as
head of the MI6 foreign intelligence service in 2014, and
Jonathan Evans, who led the
MI5 domestic spy agency until three years ago, warned that
a British exit, or Brexit, could
weaken intelligence-sharing
between Britain and neighbouring countries. “Counterterrorism is a team game, and
the EU is the best framework
available — no country can succeed on its own,” they said in
an article for the Sunday Times
newspaper. — Reuters
KABUL: Six Afghan Taliban
inmates on death row were
hanged yesterday, government
sources said, in the first set of executions endorsed by President
Ashraf Ghani since he came to
power in 2014. “In accordance
with the Afghan constitution
... Ghani approved the execution of six terrorists, who perpetrated grave crimes against
civilians and public security,”
the presidential palace said in
a statement. Ghani last month
vowed a tough military response
against the Taliban and pledged
to enforce legal punishments,
including executions of convicted militants. — AFP
east of the epicentre around the
oil city late Saturday, as nearly all
25,000 people who were still trapped
to the north finally left town, either
via airlift or convoys on the roads.
The wildfire had doubled in size
in one day, covering more than
200,000ha by midnight and continuing to grow, the Alberta Emergency Management Agency said in
an update late Saturday.
“Fire conditions remain extreme,” it said.
Still, in a glimmer of positive
news, the authorities have recorded
no fatalities directly linked to the
blaze that began almost a week ago.
Cooler, moist air with some
chance of rainfall could help slow
the fires in the coming days, Alberta Fire Service director Chad
Morrison said.
However, “we need heavy rain,”
he cautioned. “Showers are not
enough.”
The only “good news”, he said,
was that the wind was pushing
the fires away from Fort McMurray and oil production sites to the
north-east, presenting less threat
to people although causing serious
damage to the environment. — AFP
London’s new Muslim mayor condemns attacks
BY ALICE R ITCHIE
Former British spy bosses
say nation’s exit from
EU would pose threat
Six Taliban inmates
executed — Afghan govt
Canada fire ‘out of control’, doubles in size
BY M ICHEL COMTE
IN BRIEF
trying to link him to Islamic extremists
during the election campaign.
“They used fear and innuendo
to try to turn different ethnic and
religious groups against each other — something straight out of the
Donald Trump playbook,” Khan
wrote in The Observer newspaper.
“Londoners deserve better and
I hope it’s something the Conservative party will never try to repeat.”
Khan won 57% of the vote in last
Thursday’s mayoral election, securing 1.3 million votes to see off multimillionaire Tory Zac Goldsmith and
making history as the first Muslim
mayor of a major Western capital.
The 45-year-old, the son of a Pakistani immigrant bus driver, hailed
his victory as a triumph of “unity
over division” after weeks of Tory
criticism over his past appearances
at public events alongside radical
Muslims. — AFP
Mexico rumbled by
5.9-magnitude quake
MEXICO CITY: A 5.9-magnitude earthquake shook southern Mexico before dawn yesterday and was felt as far away as
Mexico City, prompting buildings to sway and some people to rush into the streets, but
there were no immediate reports of damage. The quake
struck 29km north-east of the
town of Pinotepa de Don Luis,
in the southern Mexican state
of Oaxaca, at a depth of 24.4km.
Luis Felipe Puente, the national head of emergency services,
said on Twitter that there were
no immediate reports of damage. — Reuters
Spain awaits return of
kidnapped journalists
MADRID: Three Spanish freelance journalists kidnapped in
Syria some 10 months ago were
due to fly back to be reunited
with their families yesterday,
a day after their release. The
trio — Antonio Pampliega,
Jose Manuel Lopez and Angel
Sastre — were last seen in July
2015 in the northwestern city of
Aleppo, where they had been
reporting on fighting. They
were expected to arrive at the
Torrejon airbase near Madrid
although government officials
refused to reveal a specific arrival time. — AFP
W O R L D 21
N Korea to only use nuclear arms if attacked
BY S I M O N MA RT I N
PYONGYANG: North Korean leader Kim Jong-Un told a rare ruling
party congress that his country was
a “responsible” nuclear weapons
state, with a no first-use policy and
a commitment to non-proliferation,
state media reported yesterday.
Speaking to thousands of delegates gathered for the first Workers’ Party congress in more than
35 years, Kim also announced a
new five-year plan to boost the
impoverished country’s moribund
economy and “revitalise” people’s
lifestyles.
His remarks on Saturday, the
second day of the congress, came
Scores held as
Vietnam breaks
up protest against
fish deaths
HANOI: Vietnamese police detained scores of people yesterday as they broke up a protest
against a Taiwanese company
accused of being behind a toxic
leak that has caused mass fish
deaths off the central coast.
The protest in Hanoi, which
follows a similar demonstration
last weekend, was swiftly dispersed by authorities yesterday
morning, an AFP reporter witnessed, in a communist country
where all shows of dissent are
tightly controlled.
Several hundred demonstrators had gathered in the heart of
the capital outraged at the poisoning of waters near Ha Tinh
province that has left tonnes of
fish and clams dead and decimated the local fishing industry, accusing Taiwanese steel
mill Formosa of overseeing a
toxic leak.
Vietnam’s prime minister
has vowed to get tough on those
responsible for the leak, but an
official inquiry has yet to apportion blame.
However state-run media
has pointed the finger at a 1.5km
waste water pipeline from Formosa’s multibillion dollar steel plant
into the ocean. The company has
a bad record of environmental
scandals spanning the globe. But
it has not formally been linked to
the mass fish poisoning.
As the scandal unfolded in
April, a Formosa communications official was sacked after he said Vietnam needs “to
choose whether to catch fish
and shrimp or to build a stateof-the-art steel mill”. — AFP
amid growing concerns that the
North might be on the verge of conducting a fifth nuclear test.
Kim had opened the congress
with a defiant defence of the nuclear weapons programme, praising
the “magnificent... and thrilling”
test of what Pyongyang claimed
was a powerful hydrogen bomb
on Jan 6.
But his report to the conclave on
Saturday stressed that North Korea
was also a “responsible nuclear
weapons state” with an arsenal
built for deterrence.
“Our republic will not use a nuclear weapon unless its sovereignty
is encroached upon by any aggressive hostile forces with nukes,” he
said, according to an English translation of his speech by the North’s
official KCNA news agency.
That formula would appear to
allow for the use of nuclear weapons against a conventional attack
by a nuclear power, but the Korean-language version made it clear
that the scenario involved an actual
nuclear attack.
Kim also vowed that Pyongyang
would “faithfully fulfil” its non-proliferation obligations and push for
global denuclearisation.
North Korea withdrew from the
global Non-proliferation Treaty in
2003 — the first signatory country
to ever do so.
At the time of its first nuclear
test in 2006, North Korea stressed
that it would “never use nuclear
weapons first”.
And when it codified its nuclear programme in North Korea law
in April 2013, it stated that nuclear weapons could only be used to
repel invasion or attack by another
nuclear power.
On the economic front, Kim unveiled a five-year economic plan
to improve efficiency and output
across key sectors, with a particular emphasis on energy.
“The goal ... is to revitalise people’s overall livelihoods and .... lay
the foundation for a sustainable
improvement of the nation’s economy,” Kim said. — AFP
Philippine security
forces on alert
‘90% of police on election-related duty with assault rifles’
MANILA: Tens of thousands of security forces fanned out across the
Philippines yesterday on the eve
of national polls, following a bitter and deadly election campaign
plagued by rampant vote-buying
and intimidation.
Elections are a traditionally volatile time in a nation infamous for
lax gun laws and a violent political
culture, and they have been inflamed again this year by allegations of massive corruption from
the local village to presidential level.
“Vote-buying is everywhere,”
Commission on Elections (Comelec) commissioner Luie Guia told
reporters.
“We are receiving reports that
everything is being used to buy
votes, not only money. It could be
[plastic] basins, groceries.”
At the national level, presidential and vice-presidential rivals are
also accusing each other of trying
to rig the elections.
President Benigno Aquino has
warned the favourite to succeed
him, Rodrigo Duterte, is a dictator
in the making and will bring terror
to the nation.
Duterte, mayor of the southern
city of Davao, has in turn accused
Aquino’s administration of planning “massive cheating” to ensure
that his preferred successor, former
interior secretary Mar Roxas, wins.
Meanwhile, at least 15 people
and sprayed the vehicle with automatic rifle fire, the ministry said.
Jihadists, including Islamic State
group militants, have killed hundreds of policemen and soldiers in
attacks, mostly in the Sinai Peninsula and also in and around Cairo.
India’s bus crash kills
14 after road collapse
SHIMLA (India): An overcrowded minibus fell into a deep gorge
in India’s northern Himalayan
region after a portion of the road
caved in, killing 14 people, an
official said yesterday. Another
41 people were injured when
the bus heading towards the
popular tourist destination of
Kinnaur rolled into the steep
valley in Mandi district of Himachal Pradesh state late on
Saturday. The driver of the bus
and a six-year-old girl were
among those killed in the accident. Karam Singh, a survivor,
said the bus was packed beyond
capacity as he described the
horror when the vehicle started hurtling down. “The driver
was allowing another vehicle
coming from the opposite side
to cross when a small portion of
the road caved in,” Singh said.
The bus, packed with more than
55 people, was coming from the
hill town of Dharamsala. — AFP
‘China detains 20 Maltese
ship crew after collision’
BEIJING: China has detained 20
crew from a Maltese freighter
which collided with a Chinese
fishing boat leaving 17 missing
and two dead, state media said
yesterday. The crew, including
the ship’s captain, are “under
investigation” by border and
maritime authorities after being detained at the eastern port
city of Ningbo, the state-run
China National Radio said in a
brief report. The Chinese boat,
named Lu Rong Yu, collided
with a Maltese ship on early
Saturday in the East China Sea,
state broadcaster China Central Television reported earlier.
Passing ships rescued two additional passengers who later
died, the report said, adding
that search and rescue operations were ongoing. — AFP
35 workers missing
after China landslide
have died in election-related violence, according to national police
statistics.
Chief inspector Jonathan del
Rosario said 90% of the nation’s police force, or about 135,000 officers,
were already on election-related
duty and had been authorised to
carry their assault rifles. He said
they were guarding polling and
canvassing places and manning
road checkpoints. — AFP
Gunmen kill eight Egyptian policemen south of Cairo
CAIRO: Gunmen shot dead eight
plainclothed Egyptian policemen in
the Helwan district south of Cairo,
the interior ministry said yesterday.
The policemen were travelling
in a minivan when the assailants in
a pickup truck blocked their path
IN BRIEF
Egyptian criminal gangs have
also killed policemen in shoot-outs,
but the attack bore the hallmarks of
jihadists who have waged an insurgency since the military overthrew
president Mohamed Morsi in 2013.
The interior ministry said the
dead included a lieutenant and
seven lower-ranking policemen
who were patrolling the area just
south of the capital when they were
ambushed late at night.
Militants had struck before in
Helwan in June 2015. — AFP
BEIJING: Rescuers yesterday
were struggling to find 35 construction workers buried by
a landslide in eastern China,
state media said. Seven people were also injured when
the landslide struck a temporary shelter used by workers
building a power plant in east
China’s Fujian province, the
official Xinhua news agency
said. It occurred during heavy
rain early in the morning in
Taining County, where rescuers were struggling to find the
workers, it added. No deaths
were confirmed. Xinhua said
China’s President Xi Jinping
had urged “maximum efforts”
to rescue the workers. — AFP
‘Turkish military kills
55 Islamic State fighters’
ANKARA: The Turkish military
killed 55 Islamic State fighters
in shelling north of the Syrian city of Aleppo on Saturday
evening, military sources said.
The shelling also took out three
vehicles and three rocket installations, the military sources
said yesterday. — Reuters
22
live it!
WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE
(From left) Tria,
Anitha, Ng, Looi
and Ling, the cast
for Bare Beckett.
COMPLEX AND COMPLICATED
Director Nicole-Ann Thomas
takes on Samuel Beckett’s
works for theatrethreesixty’s
third annual arts festival
BY MA E CHAN
W
hen Nicole-Ann Thomas (pic)
first encountered Irish novelist and playwright Samuel
Beckett’s work years ago, she
told herself that one day, she
would direct one of his plays.
This week, the theatre actress will be directing
not one, but four short plays by the influential
playwright as the headlining show for theatrethreesixty’s 3rd annual arts festival.
Despite being established two years ago, the
fledgling theatre company has proven to be an
emerging front runner in the local arts scene,
helmed by artistic director Christopher Ling, along
with playwright Nandang Abdul Rahman and
Thomas, who teaches theatrical biomechanics in
the company’s Actor’s Gym training programme.
It was Ling who urged her to take on Beckett
from the perspective of the director’s chair when
the team discussed their festival line-up. “I did a
Beckett residency with a specialist about eight or
nine years ago. I acted in some of these works,”
explains Thomas, adding that the works are challenging for any actor or director.
To say the Nobel laureate is a complicated figure would not be understating him. Known for
his minimalistic works, the modernist Beckett
was a key figure of the absurdist theatre movement that arose predominantly from the early
post-World War II years. Far removed from what
usually makes theatre, he believed in doing away
with the structures that form standard storytelling,
focusing only on what’s left.
And what’s left is often a prodding outlook
on the human existence. “When someone does
something by Beckett, I think everyone should
just come experience it. There’s something in the
way he writes, where it’s pares down to just being
human. He strips everything off and goes down to
the core essence. When you have nothing, no ego,
no material things, what is left?” she expounds.
Thomas states that this was what drew her to
Beckett’s works — its timelessness and relevance
to everyone and anyone, even if they may not be
able to understand immediately what they are
watching. “I can attest to that,” she smiles. “Sometimes you get his plays a few days after, for some
they might get it straight away, and
for others, they think ‘what did
I just see?’”
Not that Beckett was ever
being deliberately vague,
though he certainly challenged his audiences to find
their own closure. “He only
gives you what you need. You
have to discover it for yourselves. And they are flexible to
interpretation, even though he
has a clear idea of everything he
did,” says Thomas.
Two of the four well-known
plays she chose — Not I and
Footfalls, were ones she had
acted in before, counting the
former the hardest work she
has taken on as an actor. A
monologue that shows only
a mouth moving in an otherwise pitch-black space,
the jumbled and frantic
pace denotes the struggle
of a woman seeking to be understood as she recalls her
fractured memories in third
person.
In the rhythmic Footfalls, a
woman in her 40s paces while
engaging in dialogue with an
unseen mother. Both plays
were later works of Beckett,
along with Rockaby, a poetic
recounting by an old woman in her last days, while a
rocking chair swings.
Fo r C a t a s t r o p h e ,
deemed his most overtPHOTO BY SUHAIMI YUSUF
ly political work, as well as optimistic, a director
and his aide “tweaks” the silent protagonist into the
required image of pitiful dejectedness, adjusting
his clothing and posture in an act of domination.
Beckett’s play is also about its technically precise staging. “He also directed, and left extensive, precise notes about lighting and staging for
each work, which his estate strictly protects,” says
Thomas. It’s widely known that for example, in Not
I, the mouth has to be seen to the effect of floating 8ft above the audience, while Footfalls has a
physical beat coming from the actor’s feet as she
paces, along which there is a strip of light of a
specific length.
“It’s also a great challenge for the actors,”
highlights Thomas. “They have to apply things
they’ve learnt that they wouldn’t think they
needed to use. It pushes them a bit further,
there are no special effects or fireworks to
help them.”
Handpicked by the director herself, the actors comprise of a solid, award-winning cast
including Tria Aziz, Alvin Looi, Grace Ng, Anitha Abdul Hamid, and in a rare appearance, Ling himself. “I asked him, and
he said ‘yes’ straight away. He was
really excited,” she quips. However,
it would be a familiar role, one of
a director, she adds.
“It’s not your standard play,
with a standard storytelling
style,” Thomas reiterates.
“But even if you don’t like
it, it’s fine, you will take
away something, you
will feel something.
These works show the
naked truth about being human.”
Bare Beckett will also
mark the first full staging
production to be presented at
the new Black Box space theatrethreesixty now calls home, at Viva
Residence, Kuala Lumpur, next
to its sponsor, Tommy Le Baker.
On from May 12 to 15, tickets are
priced at RM35. To purchase, visit
www.tixipro.com/theatrethreesixty.
live it! 23
WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE
ART
BY MA E CHAN
Young voices in art
IN support of young artists in Malayman zoo. “They get free food, their
sia, the 3rd edition of Galeri Petronas’ Rumah Mampu Tengok
health is monitored, they get perks
Young Malaysian Artists (YMA): New by Sukor Romat.
not easily found in the wild, but the
Object(ion) III is currently showing
animals in the wild can do anything
at its gallery in Suria KLCC.
they want,” observes Khairul, admitCommonly referred to as YMA,
ting that it’s also a personal struggle.
the series was first established in
Also personal is Sukor Romat’s
2010 to celebrate and encourage
mixed media 3D-printing installation
up-and-coming artists who reprework, Rumah Mampu Tengok, featursent the radical new voices of our
ing a fantasy miniature ‘house’. He
local art scene, be it in conventional
says it is reflective of his frustration
paintings or new media.
for not being able to afford a home in
Under the theme of The Everydays,
the city, critiquing the rising housing
this time around the 39 selected artcosts and its impacts.
ists aged between 19 to late 20s were
There is no shortage of political
invited to showcase works that exand religious commentaries as well.
presses how they individualise and
Perhaps most pointedly by Najib
interpret mass culture in the form
Ahmad Bamadhaj, whose two-piece
of contemporary art. Ranging from
work Meluat pointedly refers to lypersonal to social-political commening politicians. On a similar theme
tary, the diverse works on display reflect the varied is Yau Sir Meng’s critical work, education - ‘Melting’,
talents of Malaysian artists, also serving as a barome- made with cube sugar and white chocolate. The
ter of sorts for the issues that they are responding to. crumbling sugar draws a parallel to the problematic
New graduate Huan Jia Jin’s video installation education system.
work, Communication, for example, questions the
A popular work is by the oldest artist selected, Moprice of communication in this day and age, portray- hamed Nizam, who is in his 40s. Using watercolour
ing videos facing one another that mimic a dining on paper, the artist recreates 60 photographs that
scene. Where one video shows the artist focusing on reflect the theme of freedom and peace.
her phone, the opposing video sees her continuously
sticking price tag labels onto her mouth.
Khairul Ehsani Sapari’s performance art and in- View YMA III at Galeri Petronas, Level 3 Suria KLCC
stallation work is also intriguing, to say the least. until May 22. Admission is free. Gallery hours are
Sitting at an office desk setup, the artist compares from 10am to 8pm (Tuesday to Sunday). Visit www.
the pressured pace employees face today to a hu- galeripetronas.com.my for more information.
Meluat Kiri and Meluat Kanan by Najib Ahmad Bamadhaj.
Personal
ASSISTANT
CO M PI L E D BY H A NN A H ME RICAN
WORK. LIFE. BALANCE
PICK OF THE DAY
DISCOVER the mystery of attraction with the new Narciso eau de parfum Poudrée from Narciso Rodriguez.
The new fragrance is a velvety smooth floral blend of
white jasmine petals and Bulgarian rose, coupled with
woody notes of vetiver and cedar for added warmth and
potency. Presented in a blush-coloured transparent
bottle, the fragrance exudes both sensuality and femininity. The eau de parfum is available in 30ml, 50ml
and 90ml bottles and is priced at RM255, RM395 and
RM478 respectively. The Narciso eau de parfum Poudrée
is available at all Narciso Rodriguez fragrance counters
at major departmental stores nationwide.
The Human Zoo by Khairul Ehsani Sapari.
ENJOY scrumptious
dumplings prepared
by master chefs at
One World Hotel’s
Zuan Yuan restaurant, in celebration of the Dragon
Boat festival. Diners
have the choice of
the Hong Kong-style
rice dumpling in the
shape of mini pillow, which is twice the size of
a regular dumpling. If you want something
more luxurious, the five-head abalone with
dried fish maw and dried scallop in glutinous
rice is definitely worth a try at RM160 each.
For dessert, the sweet dumpling in red dates
paste or peach gum is a suitable end to the
meal. This promotion is available throughout
the month of May during lunch and dinner,
for both dine in or takeaway. Zuan Yuan is
located at One World Hotel, First Avenue,
Bandar Utama, Petaling Jaya. For reservations, call (03) 7681 1159.
CHECK out Fadilah Karim’s exhibition titled
Secret Lies at Taksu Gallery Kuala Lumpur.
This marks her sophomore solo exhibition,
and is her attempt to unveil her own personal
story while giving onlookers an insight into
where she is at at the moment with works that
reflect her inner consciousness. The exhibition
runs until May 20, and the gallery is open
from 10am to 7pm. Taksu Kuala Lumpur is
located at 17 Jalan Pawang, Ampang, Kuala
Lumpur. To find out more call (03) 4251 4396.
FRESH from its award-winning staging of Cabaret last year, homegrown theatre company PAN
Productions brings audiences Stephen Sondheim’s Into the Woods, a story that combines
some of the Brothers Grimm’s most popular
characters and tales, such as Cinderella, Little
Red Riding Hood, Rapunzel and Jack and the
Beanstalk, with a unique twist. The musical
will be running until May 15 at the Kuash
Theatre, Pusat Kanak-Kanak Tuanku Bainum,
Jalan Tun Mohd Fuad 1, TTDI, Kuala Lumpur.
Tickets are priced at RM98, RM118 and RM138.
The. Buy your tickets at www.tix.my.
24 F E AT U R E
Apple CEO’s failed pitch
He should not insist that everyone who doubts his company is wrong
BY SH I R A OVI DE
A
pple Inc chief executive officer (CEO)
Tim Cook insisted last week that
everything was great
with his company
despite its first quarterly revenue
decline since 2003. He and Apple’s chief financial officer used the
word “optimistic” 10 times during
a conference call with analysts.
Then the company’s share price
pessimistically fell for eight consecutive market days — something
that hadn’t happened to Apple in
nearly 18 years.
Declaring victory didn’t work
the first time, so Cook made a trip
to Jim Cramer’s therapy couch on
last Monday to try to soothe investors. It’s unfair to compare Apple’s
numbers to the 2014 debut of the
iPhone 6, which was a tough act
to follow, Cook said. He added:
Everything is great. Look at how
much money we’re making. The
smartphone market has plenty of
room to run. Customers love us so
much. Then Cook attended a gala
at the Metropolitan Museum of Art.
Here’s what Cook didn’t say:
i) Apple has been misjudging its
own business, and that makes it
tough to believe what executives
say; and ii) the company failed to
prepare investors for an inevitable
slowdown in growth — even if that
slowdown proves temporary. If one
duty of public company executives
is to underpromise and overdeliver, Apple has flopped in that job.
Look at what happened just
three months ago. On Apple’s earnings conference call in January,
Bernstein Research analyst Toni
Sacconaghi asked about the company’s own financial forecast, which
he said implied that iPhone unit
sales would decline 15% to 20% in
the quarter ended March 26. “We
don’t think that they’ll decline to
the levels that you’re talking about,”
Cook said.
At the time, Apple executives
had one-third of the quarter under their belt. And yet, Cook was
wrong and Sacconaghi was right.
Apple sold 16% fewer iPhones in
the March quarter than it did in
the period a year earlier.
Of course it’s possible that sales
in the next two months were worse
than Apple had expected. Even if
that were the case, Cook shouldn’t
have so confidently brushed off the
sales decline number.
Cook is also talking now about
how unfair it is to compare Apple’s
sales numbers with those a year
ago, when Apple was basking in
the glow of intense demand for the
iPhone 6, its first larger-screen iPhone released in September 2014.
And yet, what’s happening now was
utterly predictable to everyone not
in Cupertino, California.
In a conference call with analysts
just weeks after the iPhone 6 went
on sale, Cook was asked (again by
Sacconaghi) how sustainable the
strong iPhone demand would be
Steve Jobs’ widow Laurene Powell (left) and Cook arriving at the Metropolitan Museum
of Art Costume Institute Gala to celebrate the opening of ‘Manus x Machina: Fashion in
an Age of Technology’ in New York last Monday. Photo by Reuters
into 2015. Would a huge flurry of
sales run the risk of a “reversion
back towards an elongating of that
replacement cycle in future generations?” Another analyst asked a
similar question three months later. They were giving Cook a chance
to prepare investors for a sales lull
after the iPhone 6 boom.
for some period of time ... I’ve never
felt so great after a launch before.”
Fast forward 18 months, and
Cook sounds like Sacconaghi. In
his interview with Cramer last Monday, Cook said (emphasis added):
“What we’re seeing is people are
upgrading at a different rate, at a
lower rate that they did last year,
but still higher than the year before.
And so we had this abnormally high
upgrade rate last year as people
bought into the iPhone 6, and now
we’re comparing to that along with
the other things going on that many
companies are facing with currency
rates and macroeconomics, etc.”
Instead of playing catch-up to
investor expectations, Cook should
be changing the conversation to
the company Apple is becoming
— enormous, hugely profitable and
maybe not as spry in the growth
department as it used to be. Smart
work recently by analysts Jan Dawson and Neil Cybart shows a more
realistic picture of the iPhone’s
growth trajectory. Even without
the bump from the iPhone 6, the
pace of sales is slowing to increases
by a high single-digit or low double-digit percentage each year.
That pace of growth in a company with more than US$200 billion in yearly sales — combined
with annual profits that are double
those of the second most-profitable company — is incredible. But
if Cook wants investors to love that
Apple, he has to pitch the beauty of
that Apple, not insist that everyone
who doubts his company is wrong.
The stock market saw an iPhone comedown coming, and
Cook didn’t. That makes it tough
to believe his assurances now. —
Bloomberg
He didn’t take the opportunity.
Cook’s response in January 2015:
“We’re very bullish that it does have
legs.” Then he repeated the word
“bullish” two more times. In the
October 2014 call, he said so many
people with older phones were ea- This column does not necessarily
ger to buy a larger-screen iPhone reflect the opinion of Bloomberg
that “I would expect that to go on LP and its owners.
4.98
128.98
Markets 2 5
BURSA MAL AYSIA MAIN MARKET
Bursa Malaysia
YEAR
HIGH
Sectorial Movement
INDICES
CLOSE
+/-
%CHG
INDICES
CLOSE
TECHNOLOGY
+/-
%CHG
KLSE COMPOSITE
1,649.36
4.27
0.26
21.06
0.01
0.05
KLSE INDUSTRIAL
3,136.73
-11.01
-0.35
FTSE BURSA 100
11,207.98
28.69
0.26
12,941.09
31.92
0.25
576.64
-1.66
-0.29
FTSE BURSA MID 70
INDUSTRIAL PRODUCT
140.33
-1.05
-0.74
FTSE BURSA SMALL CAP
15,402.22
23.84
0.16
CONSTRUCTION
285.52
0.43
0.15
FTSE BURSA FLEDGLING
15,881.84
44.03
0.28
223.47
0.55
0.25
FTSE BURSA EMAS
11,515.33
28.74
0.25
14,484.63
104.29
0.73
FTSE BUR M’SIA ACE
5,670.21
20.70
0.37
CONSUMER PRODUCT
TRADE & SERVICES
KLSE FINANCIAL
KLSE PROPERTY
1,165.63
1.21
0.10
FTSE BUR EMAS SHARIAH
12,056.55
-3.80
-0.03
KLSE PLANTATION
7,551.42
3.29
0.04
FTSE BUR HIJRAH SHARIAH
13,479.64
-19.24
-0.14
490.39
Unch
Unch
8,783.06
-24.97
-0.28
KLSE MINING
FTSE/ASEAN 40
Bursa Malaysia Main Market
YEAR
HIGH
YEAR
LOW
DAY
HIGH
CONSUMER PRODUCTS
0.790 0.550 0.790
4.334 3.400 4.010
12.060 5.327 11.700
0.480 0.220
—
6.320 4.052 5.850
2.400 1.150 1.200
5.299 2.977 4.150
64.898 40.700 48.140
0.090 0.040 0.040
1.086 0.590 0.600
1.870 0.880 1.590
0.660 0.427 0.520
0.400 0.230
—
13.390 10.731 12.700
1.310 0.720 1.180
2.925 2.350 2.400
1.970 0.454
—
3.290 1.670 2.700
0.085 0.035
—
2.417 1.222 2.070
1.369 1.010 1.320
0.175 0.065 0.095
0.075 0.040 0.050
0.963 0.785 0.880
54.000 40.020 53.200
0.165 0.065 0.105
0.265 0.105 0.120
0.280 0.165
—
0.460 0.190 0.290
2.620 1.693
—
0.325 0.225 0.230
0.940 0.640 0.800
23.500 16.745 22.440
0.940 0.475 0.660
1.353 0.990
—
1.220 0.360 1.020
0.966 0.553 0.770
1.640 0.720 1.030
2.760 2.070 2.620
1.200 0.930
—
0.175 0.040
—
15.180 11.735 14.920
7.380 4.141 7.270
1.196 0.860 0.890
0.533 0.391 0.420
5.280 2.850
—
1.416 0.819 1.310
0.480 0.340 0.440
3.102 1.816 1.930
1.420 0.623 0.970
1.170 0.450 0.670
3.160 2.390 2.480
3.965 1.804 3.220
0.265 0.025 0.060
0.935 0.560 0.770
2.632 1.742
—
1.200 0.920 1.050
0.115 0.045
—
8.100 5.160 5.650
9.700 2.950 9.250
0.405 0.130 0.395
0.405 0.215 0.290
2.917 2.010 2.530
0.925 0.700
—
2.343 1.422
—
4.585 2.024 4.220
0.150 0.020 0.025
1.490 1.141 1.240
1.120 0.810
—
1.368 1.080
—
5.226 4.507 4.800
0.140 0.025 0.035
1.650 1.100 1.390
76.900 68.737 75.000
2.800 2.186 2.780
0.200 0.080 0.130
0.370 0.220 0.290
1.079 0.614 0.960
0.580 0.460 0.505
2.518 1.841 2.390
7.728 6.368
—
2.300 1.214 2.300
30.200 19.941 29.100
0.785 0.600
—
0.370 0.200
—
0.885 0.275 0.610
1.200 0.725 0.770
0.325 0.175 0.280
0.580 0.402 0.515
2.099 1.410 1.560
16.980 14.244 15.800
0.614 0.458
—
2.698 1.643 1.890
1.470 0.945 1.450
2.931 1.615 2.230
4.650 3.662 4.330
1.690 1.340
—
1.450 1.190 1.290
0.546 0.270 0.320
1.000 0.480 0.995
1.430 0.543 0.645
0.120 0.055 0.065
2.450 0.890 1.760
1.546 0.771 1.050
0.065 0.035 0.050
2.750 1.671 2.540
1.520 0.730 1.230
0.745 0.365 0.575
0.450 0.280
—
3.086 2.200 2.230
1.300 0.355 1.240
1.913 1.040 1.310
1.610 1.184
—
0.575 0.445 0.475
0.475 0.170 0.460
10.607 6.220 6.330
2.430 1.530 2.180
0.860 0.430 0.835
0.098 0.035 0.040
0.670 0.345
—
0.630 0.260 0.290
2.410 1.430 2.270
0.555 0.190 0.545
1.147 0.799
—
3.490 1.517 2.360
2.084 1.354 1.460
INDUSTRIAL PRODUCTS
1.236 0.883 1.130
0.170 0.095 0.105
0.640 0.470 0.515
0.450 0.270
—
1.070 0.835
—
2.454 1.850 1.920
* Volume Weighted Average Price
DAY
LOW
0.720
3.970
11.400
—
5.840
1.200
4.120
45.980
0.040
0.590
1.570
0.510
—
12.380
1.160
2.350
—
2.620
—
2.070
1.300
0.090
0.045
0.880
53.000
0.100
0.115
—
0.280
—
0.225
0.800
22.200
0.660
—
1.000
0.765
1.020
2.620
—
—
14.820
7.180
0.880
0.415
—
1.300
0.430
1.900
0.965
0.660
2.390
3.160
0.050
0.750
—
1.020
—
5.600
9.000
0.375
0.285
2.440
—
—
4.200
0.020
1.220
—
—
4.800
0.025
1.370
74.500
2.750
0.120
0.280
0.950
0.495
2.300
—
2.180
29.000
—
—
0.610
0.750
0.280
0.500
1.520
15.400
—
1.850
1.430
2.110
4.250
—
1.260
0.300
0.970
0.590
0.060
1.750
1.000
0.035
2.520
1.180
0.565
—
2.200
1.220
1.280
—
0.470
0.450
6.220
2.150
0.790
0.040
—
0.285
2.250
0.540
—
2.330
1.440
1.100
0.100
0.510
—
—
1.900
CODE
7120
7090
2658
7051
6432
7722
7129
4162
7243
9288
7174
7154
7128
2836
7035
7148
9423
2828
5188
7205
7202
5214
7179
7119
3026
7198
7182
5091
9091
7149
7208
7094
3689
9776
2755
8605
9172
5102
5606
5606PA
5187
3255
3301
5160
7213
7141
5024
8478
5107
7152
8931
5247
7216
8303
6203
7062
0002
5172
7006
9385
7943
8079
7089
7126
7085
7087
5189
3662
7935
5886
5202
5150
3921
4707
7060
7139
7215
5066
7071
7107
4006
7052
3719
5022
9407
6068
5231
4081
5080
7088
4065
7190
8966
7134
7237
7084
9946
5252
5157
7180
7165
7165PA
7412
7246
8532
7103
7186
7082
7211
4405
7200
7252
9369
7230
7176
4588
7757
7203
5156
7121
5155
5584
7184
5159
7178
5131
0012
7086
7061
7131
7191
9148
COUNTER
ACOSTEC
AHEALTH
AJI
AMTEK
APOLLO
ASIABRN
ASIAFLE
BAT
BIOOSMO
BONIA
CAB
CAELY
CAMRES
CARLSBG
CCK
CCMDBIO
CHEEWAH
CIHLDG
CNOUHUA
COCOLND
CSCENIC
CSL
DBE
DEGEM
DLADY
DPS
EKA
EKOWOOD
EMICO
ENGKAH
EURO
EUROSP
F&N
FARMBES
FCW
FFHB
FPI
GCB
GOLDIS
GOLDIS-PA
HBGLOB
HEIM
HLIND
HOMERIZ
HOVID
HUATLAI
HUPSENG
HWATAI
IQGROUP
JAYCORP
JERASIA
KAREX
KAWAN
KFM
KHEESAN
KHIND
KOTRA
KSTAR
LATITUD
LAYHONG
LCHEONG
LEESK
LIIHEN
LONBISC
LTKM
MAGNI
MAXWELL
MFLOUR
MILUX
MINTYE
MSM
MSPORTS
MWE
NESTLE
NHFATT
NICE
NIHSIN
NTPM
OCR
OFI
ORIENT
PADINI
PANAMY
PAOS
PARAGON
PCCS
PELIKAN
PMCORP
POHKONG
POHUAT
PPB
PPG
PRLEXUS
PWF
PWROOT
QL
REX
SASBADI
SAUDEE
SERNKOU
SGB
SGB-PA
SHH
SIGN
SINOTOP
SPRITZER
SWSCAP
SYF
TAFI
TCHONG
TEKSENG
TEOSENG
TGL
TOMEI
TPC
UMW
UPA
WANGZNG
XDL
XIANLNG
XINQUAN
YEELEE
YEN
YOCB
YSPSAH
ZHULIAN
3A
ABLEGRP
ABRIC
ACME
ADVENTA
ADVPKG
CLOSING
(RM)
0.790
4.010
11.560
0.220
5.840
1.200
4.150
47.000
0.040
0.595
1.590
0.520
0.275
12.640
1.160
2.400
1.240
2.680
0.040
2.070
1.310
0.090
0.045
0.880
53.000
0.105
0.120
0.195
0.290
2.100
0.225
0.800
22.240
0.660
0.990
1.020
0.770
1.020
2.620
1.110
0.050
14.920
7.200
0.880
0.415
4.020
1.310
0.440
1.900
0.965
0.670
2.420
3.220
0.060
0.770
2.150
1.020
0.050
5.650
9.250
0.375
0.290
2.520
0.780
1.520
4.210
0.020
1.220
0.930
1.150
4.800
0.030
1.390
75.000
2.780
0.125
0.290
0.950
0.495
2.390
6.860
2.260
29.060
0.715
0.280
0.610
0.750
0.280
0.505
1.530
15.700
0.505
1.850
1.440
2.110
4.250
1.510
1.290
0.305
0.980
0.605
0.060
1.750
1.040
0.045
2.520
1.230
0.570
0.330
2.220
1.230
1.300
1.460
0.475
0.460
6.310
2.150
0.825
0.040
0.455
0.285
2.270
0.545
0.905
2.350
1.450
1.110
0.105
0.515
0.270
0.835
1.910
+/–
(RM)
VOL
(‘000)
0.070 4086.6
0.190
45
-0.300
200.1
—
—
-0.010
8
UNCH
60
0.020
30.6
-1.300
739.9
-0.005
94.1
0.005
523.4
0.010
107
0.010
15
—
—
0.220
148
-0.020
56.1
0.040
63
—
—
UNCH
8.1
—
—
0.010
73
-0.020
43.6
-0.005 1127.1
UNCH
901
UNCH
2
-0.040
42.7
UNCH
1025
UNCH 32698.7
—
—
UNCH
371
—
—
UNCH
84.1
UNCH
10
0.060
925.6
0.005
5
—
—
UNCH
54.2
UNCH
236.3
-0.010
105.2
UNCH
1
—
—
—
—
-0.040
20.2
-0.070
18.4
-0.010
282.1
UNCH
440.5
—
—
0.010
38
-0.010
30
-0.030
54.5
0.005
82.3
UNCH
75.2
-0.040 1396.8
0.060
35
0.010
50
UNCH
10
—
—
-0.010
21
—
—
0.030
20.7
0.030
177.9
-0.015 1521.9
0.005
121.1
0.090
967.6
—
—
—
—
UNCH
49.2
-0.005
1136
UNCH
61.9
—
—
—
—
-0.090
61.9
-0.005 2111.2
UNCH
26
0.500
1.8
0.070
24.6
0.005 7250.4
UNCH
865.8
-0.005
2329
-0.015
50
0.080
8.2
—
—
UNCH 2421.2
0.040
11.1
—
—
—
—
UNCH
4
-0.020
86.8
UNCH
1076
-0.010
68.5
-0.020
241.5
0.060
507.8
—
—
-0.060
41
UNCH
85.2
UNCH
3.1
-0.120 1443.1
—
—
0.020
13.6
-0.005 2052.6
0.010 1239.5
-0.040 33154.5
-0.005 3097.6
-0.020
39.9
0.030
629
UNCH 8887.1
-0.040
35.6
0.050
11
UNCH
678.5
—
—
0.010
49
0.010
701.7
UNCH
52.3
—
—
-0.075
33
0.015
590.7
-0.030
929.8
-0.030
4.1
0.040
385
UNCH 3052.5
—
—
-0.005
270.1
0.010
63.3
0.005
672.7
—
—
0.020
23.9
-0.010
13
0.050
0.005
0.005
—
—
UNCH
3092
30.1
30
—
—
77.9
# PE is calculated based on latest 12 months reported Earnings Per Share
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
0.753 14.55
3.991 13.72
11.582 17.62
—
—
5.845 13.52
1.200
—
4.130 10.92
47.091 15.93
0.040
—
0.593 13.77
1.579 15.06
0.519
5.78
—
7.31
12.613 17.90
1.172 13.00
2.366 10.87
—
6.84
2.665 16.95
—
—
2.070 14.47
1.315 13.75
0.094
1.98
0.045
—
0.880 10.21
53.140 21.49
0.100
—
0.120
—
—
—
0.283
4.14
— 44.59
0.227 26.16
0.800
—
22.237 21.33
0.660
—
— 34.02
1.016 13.56
0.768 11.90
1.026 21.34
2.620 14.60
—
—
—
—
14.858 18.12
7.204 10.04
0.888
9.37
0.415 15.49
—
8.41
1.305 19.15
0.437 293.33
1.909
9.09
0.965
7.59
0.665
4.82
2.418 30.99
3.184 19.42
0.055
—
0.760 14.45
— 13.93
1.026 23.50
—
—
5.606
6.21
9.238 24.01
0.379
—
0.286
9.76
2.502
7.88
—
8.38
— 10.26
4.203
8.58
0.024
—
1.221 32.02
— 157.63
— 15.91
4.800 12.26
0.030
—
1.382 21.75
74.560 28.21
2.773 10.86
0.125
—
0.286 29.90
0.954 17.37
0.503
—
2.321 19.70
— 15.62
2.260 13.56
29.081 13.13
— 26.58
— 20.74
0.610
—
0.751
—
0.280 24.14
0.509 35.82
1.546
7.23
15.608 17.70
— 18.23
1.877
8.53
1.442 16.27
2.219 11.09
4.305 26.48
— 22.40
1.272 20.84
0.309
—
0.984 28.00
0.617
—
0.063
—
1.751
6.48
1.034
9.85
0.043 40.91
2.532 12.77
1.199 256.25
0.568 10.44
—
—
2.220 19.35
1.226 14.61
1.305
8.95
— 22.29
0.474
—
0.456 16.79
6.273
—
2.165
8.90
0.824
9.62
0.040 21.05
— 43.75
0.285
0.86
2.255 12.95
0.543
—
—
7.61
2.348 10.86
1.452 14.02
3.16
2.74
1.73
—
4.28
0.42
3.86
6.15
—
3.16
—
1.92
—
5.70
2.59
3.96
1.61
—
—
3.57
7.63
—
—
1.70
1.89
—
—
—
—
3.10
—
—
2.81
—
1.52
0.98
9.09
—
0.76
3.60
—
4.76
4.44
4.55
2.41
—
3.05
—
4.21
4.15
—
0.69
0.78
—
—
3.26
—
—
2.12
—
—
—
4.50
—
3.29
1.90
—
3.28
—
2.61
5.42
—
0.96
3.20
3.96
—
1.72
0.84
—
2.09
2.62
4.42
1.72
3.50
—
—
—
—
1.98
2.61
1.59
2.48
1.54
4.17
3.79
1.00
—
1.55
—
—
—
—
5.71
4.81
—
1.98
—
—
—
2.25
0.81
2.69
5.14
2.11
—
3.17
4.19
3.64
—
—
6.42
1.54
—
4.42
2.77
4.14
140.5
469.8
702.8
11.0
467.2
94.9
794.0
13,419.9
19.9
479.7
273.0
41.6
53.4
3,894.1
182.9
669.5
52.2
434.2
26.7
473.6
157.9
111.8
37.9
117.9
3,392.0
61.7
37.4
32.8
27.8
148.6
54.7
35.5
8,157.2
40.3
247.5
85.3
190.5
489.8
1,599.9
505.5
23.4
4,507.3
2,360.9
264.0
337.3
348.3
1,048.0
32.9
167.3
132.4
55.0
2,425.7
757.9
4.1
77.0
86.1
135.1
13.3
549.2
554.8
24.8
48.7
453.6
145.5
197.8
685.1
8.0
671.3
50.6
69.9
3,374.3
18.2
321.9
17,587.5
208.9
37.8
69.1
1,067.0
104.9
573.6
4,255.9
1,486.9
1,765.3
86.4
19.6
36.6
415.0
216.5
207.2
347.0
18,612.3
50.5
220.9
112.0
641.6
5,304.1
93.1
360.4
36.6
117.6
67.8
30.9
87.5
249.6
88.9
389.3
179.4
348.8
26.4
1,491.8
390.7
390.0
59.5
65.8
107.5
7,371.9
171.1
132.0
107.8
33.1
138.3
424.5
68.1
144.8
316.3
667.0
1.26
—
—
—
—
6.28
436.9
27.7
75.8
59.0
127.6
39.2
1.114
0.100
0.512
—
—
1.904
21.76
—
—
9.03
39.20
13.08
YEAR
LOW
DAY
HIGH
DAY
LOW
0.165 0.100 0.105
0.100
0.465 0.325 0.430
0.400
0.400 0.260 0.400
0.330
4.790 2.200 3.300
3.250
0.505 0.110
—
—
0.940 0.610 0.940
0.890
0.475 0.335 0.360
0.355
1.260 0.620 1.160
1.140
0.360 0.120 0.260
0.250
1.520 1.033
—
—
5.025 3.730 3.900
3.880
0.780 0.382 0.780
0.735
0.819 0.543 0.630
0.620
0.745 0.500
—
—
1.660 0.510 1.630
1.570
2.480 1.560
—
—
0.795 0.285 0.645
0.590
0.140 0.090
—
—
1.552 0.975 1.000
0.985
3.100 2.150 2.500
2.460
1.985 0.777 1.470
1.440
0.520 0.285 0.335
0.335
0.295 0.175
—
—
0.455 0.150 0.210
0.210
5.170 2.000 4.130
4.010
0.286 0.055 0.055
0.055
2.350 1.576 2.240
2.220
1.100 0.846 0.970
0.910
1.690 1.150 1.550
1.530
2.560 1.380
—
—
1.500 1.140
—
—
2.284 1.234 1.670
1.660
1.688 1.340
—
—
1.230 0.640
—
—
0.090 0.040
—
—
5.977 3.730 4.040
3.880
0.510 0.160
—
—
3.051 1.423 1.600
1.590
0.910 0.200 0.705
0.675
1.000 0.670 0.780
0.770
1.450 0.880 1.440
1.420
1.008 0.630 0.910
0.905
0.440 0.275 0.410
0.390
2.398 1.621 2.070
2.060
0.475 0.230 0.375
0.365
0.308 0.170 0.225
0.215
0.635 0.250 0.340
0.340
0.510 0.331
—
—
0.920 0.660 0.705
0.685
1.536 1.091 1.140
1.130
1.837 0.940 0.970
0.955
0.675 0.250 0.490
0.485
1.260 0.406 0.845
0.830
1.600 1.000
—
—
0.450 0.190 0.450
0.370
0.793 0.591
—
—
1.683 0.995 1.120
1.090
1.560 0.600 0.930
0.920
1.176 0.918 1.020
1.010
3.210 2.274 2.720
2.660
0.835 0.347 0.490
0.490
2.686 1.977 2.280
2.280
3.090 1.174 2.150
2.130
1.570 1.370
—
—
2.970 0.650 1.520
1.500
0.075 0.040 0.050
0.045
0.390 0.200
—
—
0.135 0.080 0.080
0.080
0.565 0.285 0.340
0.340
0.312 0.173 0.255
0.255
0.135 0.070 0.095
0.095
1.080 0.865 0.890
0.880
0.750 0.320 0.520
0.505
6.124 3.850 4.040
3.850
3.500 2.890
—
—
1.790 1.110 1.260
1.230
0.985 0.706 0.880
0.880
0.525 0.200 0.500
0.475
0.905 0.130 0.185
0.180
1.800 0.934
—
—
0.990 0.530 0.880
0.840
0.430 0.310 0.330
0.330
0.100 0.025 0.030
0.030
3.991 2.852 3.150
3.080
0.139 0.055 0.060
0.055
0.960 0.760 0.800
0.765
2.180 1.371 2.080
2.050
0.400 0.220 0.220
0.220
0.120 0.045 0.095
0.090
0.175 0.135 0.140
0.140
0.300 0.075
—
—
1.320 0.920 1.100
1.030
2.830 1.210 1.770
1.740
1.810 1.051 1.400
1.360
0.230 0.145 0.180
0.180
1.290 0.353 0.930
0.920
0.985 0.430 0.550
0.535
3.440 2.730 3.200
3.160
2.561 1.373 2.000
1.930
0.205 0.070 0.080
0.075
2.110 1.280 1.670
1.630
0.685 0.390 0.470
0.465
2.703 0.937 1.470
1.460
0.775 0.335 0.470
0.445
9.500 5.697 6.240
6.190
0.600 0.400 0.460
0.460
5.740 4.286 5.200
5.030
0.524 0.330
—
—
0.600 0.390
—
—
9.636 8.167 8.470
8.360
0.605 0.384 0.580
0.560
0.784 0.405 0.675
0.660
0.605 0.420 0.500
0.480
0.205 0.110 0.125
0.125
0.075 0.030 0.045
0.040
0.117 0.045 0.055
0.055
0.475 0.220 0.420
0.405
0.295 0.110 0.295
0.275
0.110 0.060 0.065
0.060
4.250 3.180 3.720
3.710
0.740 0.330 0.675
0.645
0.808 0.502
—
—
0.555 0.350
—
—
0.889 0.652 0.785
0.780
0.385 0.175 0.385
0.345
0.805 0.500 0.600
0.565
1.650 1.090
—
—
2.100 1.640
—
—
1.340 0.605 0.865
0.825
0.110 0.060 0.105
0.100
1.920 0.790 1.460
1.410
0.660 0.325 0.560
0.555
2.760 2.090
—
—
2.600 1.040 1.850
1.850
1.200 0.810 0.820
0.820
0.460 0.210 0.450
0.415
0.200 0.070
—
—
0.645 0.100 0.435
0.400
0.705 0.454 0.560
0.550
1.120 0.647 1.070
1.030
1.300 0.890 1.000
0.950
0.080 0.050 0.060
0.055
7.511 5.096 6.580
6.330
1.740 1.590 1.680
1.620
0.735 0.381 0.625
0.605
6.180 3.887 5.820
5.810
0.330 0.090 0.120
0.110
23.312 19.898 21.700 21.200
7.310 2.550 5.410
5.310
14.100 5.460 13.180 12.900
1.089 0.766 1.010
0.990
3.160 1.375 3.140
3.090
0.650 0.430
—
—
0.480 0.340
—
—
1.170 0.650
—
—
0.380 0.305 0.325
0.310
0.570 0.400 0.520
0.515
1.180 0.450 1.120
1.100
0.190 0.105 0.110
0.105
1.700 1.360 1.640
1.600
0.950 0.690
—
—
6.330 5.480 6.010
5.990
0.505 0.224 0.385
0.335
0.960 0.633 0.800
0.770
CODE
7146
5198
2682
7609
9954
2674
4758
6556
9342
5568
5015
7214
7162
7099
7181
8133
7005
7187
0168
6297
5100
9938
7221
7188
5105
5229
7076
2879
7171
8435
8044
5007
5797
8052
7018
2852
7986
5071
7195
2127
5094
7157
5082
8125
8176
7114
5835
5835PA
5265
7169
1619
7233
8907
9016
7217
7773
5101
7249
2984
7229
0149
3107
5197
3611
7197
5220
7192
7096
5649
0136
7077
3247
5151
5168
7105
5095
3298
5072
5199
7033
8443
5165
2739
5000
9601
9687
7222
7183
7223
8648
2747
7043
7167
4383
0054
7199
6211
3522
5371
5060
9466
7164
6971
7017
7153
7130
3476
5192
8362
3794
9326
5092
5232
8745
3581
2887
4235
9881
5068
9199
5098
7029
8095
5152
3778
5223
8192
6149
5001
7219
5576
7595
5916
3883
7004
5087
7002
5025
4944
7140
5065
7225
5183
5271
9997
5436
5146
6033
3042
7095
7172
8869
6637
8117
8273
9458
9873
7168
7123
7544
7498
7765
7232
7803
COUNTER
AEM
AFUJIYA
AISB
AJIYA
AKNIGHT
ALCOM
ANCOM
ANNJOO
ANZO
APB
APM
ARANK
ASTINO
ATTA
ATURMJU
BHIC
BIG
BKOON
BOILERM
BOXPAK
BPPLAS
BRIGHT
BSLCORP
BTM
CANONE
CAP
CBIP
CCM
CENBOND
CEPCO
CFM
CHINWEL
CHOOBEE
CICB
CME
CMSB
CNASIA
COASTAL
COMCORP
COMFORT
CSCSTEL
CYL
CYMAO
DAIBOCI
DENKO
DNONCE
DOLMITE
DOLMITE-PA
DOLPHIN
DOMINAN
DRBHCOM
DUFU
EG
EKSONS
EMETALL
EPMB
EVERGRN
EWEIN
FACBIND
FAVCO
FIBON
FIMACOR
FLBHD
GBH
GESHEN
GLOTEC
GOODWAY
GPA
GPHAROS
GREENYB
GSB
GUH
HALEX
HARTA
HCK
HEVEA
HEXZA
HIAPTEK
HIBISCS
HIGHTEC
HIL
HOKHENG
HUAAN
HUMEIND
HWGB
IDEALUBB
IMASPRO
IRETEX
JADI
JASKITA
JAVA
JMR
JOHOTIN
JTIASA
KARYON
KEINHIN
KIALIM
KIANJOO
KIMHIN
KINSTEL
KKB
KNM
KOBAY
KOMARK
KOSSAN
KPOWER
KSENG
KSSC
KYM
LAFMSIA
LBALUM
LCTH
LEONFB
LEWEKO
LIONCOR
LIONDIV
LIONIND
LSTEEL
LUSTER
LYSAGHT
MASTEEL
MASTER
MAYPAK
MBL
MELEWAR
MENTIGA
MERCURY
METROD
MIECO
MINETEC
MINHO
MLGLOBAL
MSC
MUDA
MULTICO
MYCRON
NAKA
NWP
NYLEX
OKA
ORNA
PA
PCHEM
PECCA
PENSONI
PERSTIM
PERWAJA
PETGAS
PETRONM
PIE
PMBTECH
PMETAL
PNEPCB
POLY
PPHB
PREMIER
PRESTAR
PRG
PWORTH
QUALITY
RALCO
RAPID
RESINTC
RUBEREX
CLOSING
(RM)
0.100
0.430
0.330
3.290
0.150
0.915
0.355
1.140
0.255
1.060
3.890
0.760
0.620
0.530
1.570
1.690
0.635
0.110
0.990
2.500
1.440
0.335
0.220
0.210
4.130
0.055
2.230
0.970
1.530
1.690
1.150
1.670
1.520
0.710
0.045
3.970
0.185
1.600
0.685
0.775
1.430
0.905
0.410
2.070
0.370
0.225
0.340
0.510
0.690
1.140
0.970
0.485
0.845
1.170
0.445
0.610
1.110
0.925
1.010
2.720
0.490
2.280
2.140
1.400
1.510
0.045
0.230
0.080
0.340
0.255
0.095
0.890
0.520
3.920
3.210
1.250
0.880
0.480
0.180
1.140
0.850
0.330
0.030
3.090
0.055
0.765
2.050
0.220
0.095
0.140
0.095
1.030
1.770
1.380
0.180
0.925
0.535
3.180
1.990
0.075
1.630
0.465
1.470
0.455
6.230
0.460
5.040
0.390
0.410
8.450
0.575
0.665
0.495
0.125
0.045
0.055
0.410
0.275
0.065
3.720
0.655
0.635
0.400
0.785
0.360
0.600
1.250
1.750
0.860
0.100
1.460
0.555
2.700
1.850
0.820
0.450
0.080
0.405
0.550
1.060
1.000
0.060
6.410
1.660
0.610
5.820
0.120
21.600
5.400
13.000
1.000
3.130
0.495
0.350
0.860
0.315
0.515
1.100
0.110
1.640
0.855
6.010
0.385
0.770
+/–
(RM)
VOL
(‘000)
VWAP*
(RM)
PE#
(X)
DY
(%)
-0.005
0.030
UNCH
-0.030
—
0.030
-0.005
-0.020
0.005
—
0.030
0.040
-0.010
—
-0.030
—
0.040
—
-0.005
0.020
-0.040
0.020
—
UNCH
0.020
-0.005
0.010
-0.010
UNCH
—
—
UNCH
—
—
—
0.090
—
UNCH
0.005
-0.005
UNCH
-0.005
0.020
UNCH
0.005
0.010
UNCH
—
0.010
UNCH
0.005
-0.005
0.005
—
0.070
—
0.010
-0.005
-0.020
0.040
-0.010
0.040
0.010
—
UNCH
UNCH
—
UNCH
-0.025
UNCH
UNCH
0.010
0.015
-0.130
—
UNCH
UNCH
-0.015
UNCH
—
0.015
0.015
UNCH
0.030
UNCH
-0.035
-0.060
UNCH
UNCH
UNCH
—
-0.060
0.010
0.010
UNCH
0.010
-0.020
-0.020
0.060
-0.005
0.010
-0.005
-0.010
-0.020
0.040
UNCH
-0.060
—
—
0.050
0.020
0.010
0.010
UNCH
UNCH
-0.005
-0.010
0.020
UNCH
-0.020
UNCH
—
—
0.005
UNCH
0.050
—
—
0.035
-0.005
UNCH
-0.010
—
-0.020
-0.010
0.020
—
-0.020
-0.015
0.020
0.030
0.010
-0.130
0.030
-0.010
0.020
0.005
-0.200
-0.030
UNCH
0.015
0.020
—
—
—
-0.020
0.010
UNCH
UNCH
0.130
—
0.010
0.035
-0.010
270.6
12
252
17.4
—
557.8
89.3
277.9
4459.8
—
241.6
3602.4
38
—
1933.7
—
1652.2
—
100.5
40.1
44.3
1
—
120
304.1
1809.3
245.2
59
42.1
—
—
393
—
—
—
5913.7
—
203.7
4850.1
230.4
104.5
15
6
40
202.8
1596.8
33
—
1153.4
19.1
798.2
391
1147.7
—
3839.7
—
1704.8
137.1
30
225.7
19.3
1.7
495.4
—
76.4
11856
—
100
10
328.1
243.5
11.4
37.9
5592
—
1048.2
11
7484.7
1609
—
579
30
10
30.2
1845
4
227
3
768.4
80
—
146
132.2
513.9
1.6
95.3
33.8
43.4
145.5
2085
209.6
5351.1
31.8
766.7
782.3
1.3
18.6
—
—
359.3
2356.2
165
433.5
790.5
42.4
5
2533.9
71.1
936
7
693.3
—
—
9
3224.5
31
—
—
1365.6
6506
386.6
365.4
—
2.3
1.1
2817.1
—
4335.4
93
667.6
24.6
1906.2
3951.1
1900.8
141
9.4
550
3487.1
89.4
5.5
67.5
1073.4
—
—
—
790.2
102
657.4
1389.7
3
—
531
304.2
47.3
0.102
0.405
0.359
3.289
—
0.916
0.355
1.142
0.253
—
3.895
0.761
0.623
—
1.600
—
0.624
—
0.991
2.467
1.453
0.335
—
0.210
4.087
0.055
2.236
0.921
1.536
—
—
1.665
—
—
—
3.979
—
1.594
0.691
0.774
1.430
0.907
0.394
2.067
0.367
0.220
0.340
—
0.693
1.130
0.963
0.489
0.837
—
0.419
—
1.107
0.922
1.017
2.675
0.490
2.280
2.138
—
1.514
0.045
—
0.080
0.340
0.255
0.095
0.889
0.509
3.899
—
1.243
0.880
0.486
0.180
—
0.861
0.330
0.030
3.082
0.060
0.783
2.072
0.220
0.091
0.140
—
1.066
1.755
1.386
0.180
0.923
0.548
3.177
1.968
0.080
1.645
0.466
1.467
0.455
6.211
0.460
5.090
—
—
8.415
0.572
0.668
0.492
0.125
0.043
0.055
0.411
0.279
0.065
3.716
0.662
—
—
0.780
0.369
0.576
—
—
0.850
0.104
1.435
0.558
—
1.850
0.820
0.438
—
0.414
0.559
1.053
0.956
0.055
6.404
1.660
0.612
5.818
0.117
21.601
5.348
12.953
1.000
3.123
—
—
—
0.318
0.516
1.113
0.110
1.613
—
5.994
0.367
0.787
—
26.71
—
10.38
—
26.29
131.48
—
—
9.65
12.58
7.20
9.09
1.75
—
—
12.62
—
17.01
16.20
12.22
—
—
—
9.23
1.39
12.13
14.88
12.35
4.90
—
8.18
27.94
—
—
17.05
—
6.17
6.90
15.63
9.85
15.26
—
21.12
8.83
187.50
212.50
—
2.67
8.27
—
7.78
4.36
—
12.19
24.50
9.46
15.68
14.25
6.27
10.70
10.91
6.96
3.41
9.13
—
—
—
—
13.42
—
23.67
—
24.94
15.16
6.80
10.80
—
—
7.45
13.67
28.45
—
23.71
—
—
16.43
—
12.67
27.45
—
55.98
9.55
20.88
15.13
9.13
12.36
10.75
8.07
—
16.12
15.66
7.89
—
19.67
—
13.39
20.00
—
28.55
11.41
9.58
8.31
—
—
—
—
—
—
9.49
—
11.78
—
11.07
150.00
18.87
8.92
7.85
9.68
—
9.52
4.89
—
21.51
—
5.03
—
—
19.30
9.83
10.54
—
18.42
—
4.05
10.45
—
21.51
6.61
20.33
10.03
22.12
—
8.45
6.65
76.83
8.44
26.19
20.37
17.03
14.57
—
7.95
11.86
—
—
—
1.82
—
5.46
—
2.63
—
6.13
5.01
2.96
3.15
—
—
—
—
—
1.77
—
4.17
—
—
—
0.97
—
2.69
3.87
3.92
—
—
4.69
3.95
2.46
—
1.13
—
2.50
—
—
5.59
6.63
—
2.84
—
—
—
—
—
3.18
6.19
6.39
—
—
—
1.64
0.90
0.54
2.48
5.51
2.14
5.48
7.01
10.71
—
—
—
—
—
2.94
—
5.62
—
2.04
—
2.20
5.11
0.63
—
3.07
1.76
—
—
0.97
—
—
1.71
—
—
2.14
—
2.91
2.26
0.72
2.22
1.08
—
0.63
3.02
—
2.45
—
2.04
—
1.93
—
1.98
2.05
—
3.67
3.48
6.02
3.03
—
—
—
—
—
—
4.03
0.99
1.57
—
3.82
—
1.67
4.80
3.43
—
—
—
—
—
1.62
—
—
—
—
3.64
2.83
2.50
—
2.81
—
5.74
6.53
—
2.78
3.70
0.92
4.00
2.40
—
—
—
—
3.88
0.91
—
—
—
—
6.49
3.90
MKT CAP
(MIL)
23.7
77.4
43.5
250.5
8.7
122.9
77.7
595.9
75.5
119.6
784.2
91.2
170.0
37.6
95.9
419.9
30.5
30.4
510.8
150.1
270.3
55.0
21.6
26.3
793.6
73.5
1,200.3
443.9
183.6
75.7
47.2
500.2
167.1
32.5
19.8
4,265.3
8.4
850.6
95.9
433.1
543.4
90.5
30.8
565.6
38.7
40.6
91.4
6.3
153.2
188.1
1,875.2
85.1
178.8
192.1
76.2
101.2
939.5
205.2
86.0
598.2
48.0
559.2
220.8
261.2
120.8
242.2
25.4
78.4
45.7
85.1
50.2
247.3
55.1
6,432.9
178.0
568.3
176.3
344.8
203.9
46.3
236.9
26.4
33.7
1,480.4
49.9
84.5
164.0
29.3
89.5
62.9
16.5
130.6
165.2
1,343.7
85.6
91.6
33.1
1,412.5
309.7
78.7
420.2
1,002.6
100.1
56.7
3,983.9
25.9
1,821.8
37.4
61.5
7,179.9
142.9
239.4
153.5
40.2
59.2
76.6
294.3
35.2
112.6
154.7
160.2
34.7
16.8
72.2
81.6
42.0
50.2
210.0
180.6
66.5
160.4
49.7
270.0
564.3
36.4
127.6
4.4
129.6
106.9
167.7
75.3
56.8
51,280.0
312.1
79.1
578.0
67.2
42,740.6
1,458.0
998.5
80.0
4,065.3
65.1
56.0
94.5
106.2
93.7
162.9
72.0
95.1
35.9
525.6
52.8
176.5
2 6 Markets
BURSA MAL AYSIA MAIN MARKET
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
4.200 3.154 3.780
3.700
8.280 2.802 6.240
6.180
1.243 0.777 1.010
0.980
1.870 1.130 1.500
1.420
3.248 1.644 2.940
2.900
1.070 0.700 0.780
0.780
13.600 6.507 12.500 12.280
0.870 0.280 0.320
0.315
0.380 0.230 0.250
0.230
1.350 0.526 0.865
0.855
0.395 0.230 0.230
0.230
0.770 0.295 0.295
0.295
6.350 2.600 3.060
3.010
0.695 0.365 0.480
0.465
0.720 0.480
—
—
1.556 0.822 1.320
1.300
2.388 0.945 2.120
2.000
0.850 0.610 0.740
0.740
1.170 0.690 1.000
0.980
0.462 0.200 0.365
0.360
2.240 1.500
—
—
2.550 1.300 2.290
2.290
2.320 1.126 2.010
1.980
3.534 1.870 2.710
2.660
5.750 3.126 4.780
4.700
0.440 0.240 0.360
0.355
0.830 0.370 0.390
0.380
15.760 13.828 15.000 14.880
15.800 14.900
—
—
0.190 0.080 0.165
0.150
0.395 0.215
—
—
2.210 0.700 1.270
1.220
1.720 0.685
—
—
0.495 0.220 0.345
0.345
3.530 1.650 3.180
3.110
3.260 1.562 2.350
2.340
0.800 0.630
—
—
2.929 1.412 2.500
2.450
2.300 1.660 2.060
2.040
7.030 4.870 5.000
4.950
0.745 0.520 0.610
0.560
0.215 0.140
—
—
1.770 1.360 1.730
1.720
5.569 2.749 5.380
5.350
1.332 0.681 1.070
1.050
1.050 0.610 0.960
0.850
1.633 1.130 1.250
1.220
1.408 0.715 0.770
0.755
0.400 0.275
—
—
2.150 1.377 1.720
1.680
2.865 1.609 2.330
2.300
0.670 0.490 0.510
0.495
0.580 0.405
—
—
2.407 2.054 2.170
2.170
1.550 0.895 1.260
1.210
1.497 0.830 0.940
0.935
1.080 0.790 0.945
0.935
0.300 0.160 0.275
0.255
0.800 0.510 0.580
0.580
CONSTRUCTION
0.560 0.260
—
—
0.195 0.100 0.110
0.110
0.775 0.505 0.745
0.730
0.936 0.511 0.665
0.650
0.775 0.490 0.505
0.500
0.553 0.330 0.410
0.400
1.054 0.847 0.895
0.890
1.158 0.840 0.910
0.900
1.859 1.540
—
—
1.410 0.753 1.320
1.290
1.590 0.835 1.590
1.550
0.625 0.330 0.625
0.605
2.580 1.100 2.130
2.090
5.070 3.665 4.790
4.700
1.353 0.780 1.030
0.945
1.450 0.780 0.860
0.845
1.359 1.301
—
—
1.340 1.290
—
—
2.140 1.601 1.860
1.800
3.640 2.844 3.490
3.410
0.835 0.540 0.745
0.735
0.806 0.480
—
—
1.280 0.650 1.040
1.020
0.410 0.195 0.220
0.215
1.960 1.170 1.950
1.910
1.050 0.740 0.910
0.900
1.960 1.050 1.790
1.770
1.540 1.090
—
—
1.287 0.663 0.820
0.780
0.450 0.325 0.360
0.360
1.336 1.020 1.270
1.250
0.370 0.190 0.245
0.240
1.520 0.840 1.220
1.190
2.642 1.497 2.290
2.270
0.705 0.355 0.375
0.365
1.489 1.160
—
—
1.994 1.366 1.730
1.690
0.210 0.110 0.115
0.115
4.063 2.905 3.600
3.550
1.050 0.660 0.700
0.680
1.720 0.954 1.620
1.570
0.515 0.330 0.360
0.355
0.525 0.265 0.485
0.460
1.740 0.845 1.450
1.440
0.792 0.438 0.555
0.540
1.760 1.083 1.680
1.660
0.865 0.555 0.750
0.745
0.395 0.200 0.215
0.210
TRADING SERVICES
0.395 0.150 0.360
0.340
0.566 0.270 0.290
0.280
3.300 2.470 2.800
2.770
0.235 0.135 0.200
0.200
2.268 0.765 2.020
1.910
6.970 4.220 6.600
6.320
0.715 0.340 0.370
0.360
0.095 0.080 0.085
0.085
10.626 8.984 9.600
9.600
2.780 1.518
—
—
0.345 0.045 0.055
0.050
1.308 0.700 0.785
0.770
0.170 0.105 0.130
0.125
3.074 2.385 2.680
2.620
5.300 4.160 5.260
5.230
0.680 0.285 0.680
0.620
6.757 5.270 5.510
5.450
0.320 0.203
—
—
1.060 0.680 0.700
0.690
0.599 0.335 0.430
0.425
0.450 0.195 0.245
0.240
7.190 6.347 6.950
6.950
1.370 1.080 1.160
1.130
2.802 1.740 2.290
2.250
0.440 0.336 0.380
0.370
2.834 1.840 1.880
1.870
0.855 0.610 0.695
0.695
0.480 0.330 0.400
0.395
3.427 2.823 3.080
3.030
0.215 0.119 0.145
0.140
1.170 0.555 0.950
0.930
4.377 3.630 3.790
3.690
1.070 0.450 0.455
0.450
2.140 0.990 1.790
1.780
3.872 2.168 3.370
3.370
1.092 0.713 0.865
0.855
0.508 0.332
—
—
0.600 0.400 0.440
0.420
0.105 0.060 0.090
0.090
1.030 0.650
—
—
0.055 0.040 0.050
0.045
2.070 1.390 1.990
1.980
0.140 0.075 0.080
0.075
2.770 0.990 1.240
1.210
1.586 0.870 1.170
1.150
0.685 0.480 0.620
0.595
1.679 1.284 1.600
1.580
5.242 3.530 3.880
3.860
1.697 0.972 1.260
1.230
0.430 0.240 0.280
0.270
1.476 0.738 1.100
1.090
0.450 0.210
—
—
0.320 0.195 0.235
0.225
3.960 2.718 3.770
3.720
0.366 0.178 0.285
0.285
CODE
COUNTER
CLOSING
(RM)
+/–
(RM)
VOL
(‘000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
YEAR
HIGH
1.097
1.567
1.450
1.380
0.802
0.665
1.519
0.340
0.370
2.794
1.800
4.640
9.900
1.880
0.503
2.580
0.070
0.410
7.930
1.412
3.458
0.017
0.610
6.750
0.882
1.630
0.335
1.980
0.490
0.450
1.971
0.408
1.934
4.379
1.499
0.650
0.325
0.420
0.350
0.740
1.940
2.666
1.833
0.175
7.034
1.189
3.410
1.587
0.750
0.950
2.306
1.380
9.171
2.705
0.540
0.125
0.220
0.390
2.380
0.950
0.125
0.973
0.840
1.706
0.145
2.750
0.496
0.715
2.045
1.410
0.130
1.427
1.570
0.570
0.240
7.047
26.089
0.250
6.998
0.270
0.415
5.039
3.259
3.310
1.150
0.200
0.450
0.883
0.917
0.660
0.205
2.450
0.250
0.460
1.310
1.404
1.747
8.847
0.900
2.796
1.530
2.470
3.427
0.220
2.658
0.480
1.662
2.191
14.600
1.850
0.510
0.320
7.337
0.815
1.500
0.550
3.006
1.321
2.989
2.220
1.430
0.700
2.600
0.815
3.000
0.545
4.541
1.438
0.095
3.236
0.890
1.710
FINANCE
14.355
2.848
4.631
13.200
13.400
6.176
1.970
4.148
8.950
5.868
0.500
1.321
13.760
10.100
16.155
2.640
0.961
0.920
0.195
2.690
0.764
15.804
1.280
3.127
8.886
2.070
4.180
1.950
1.455
19.380
0.960
5134
9822
7811
5170
7247
9237
4731
7239
7366
7073
5145
5163
4324
5181
7115
7155
7248
7132
5665
7143
6904
7207
7235
7106
5012
4022
5149
4448
4448P
5178
7097
7439
9741
6378
7034
7374
7854
7285
5010
7113
7173
4359
7100
7133
7227
4995
6963
5142
7226
7111
7231
7050
7025
5009
4243
7245
5048
7020
7014
SAB
SAM
SAPIND
SCABLE
SCGM
SCIB
SCIENTX
SCNWOLF
SCOMIEN
SEACERA
SEALINK
SEB
SHELL
SIGGAS
SKBSHUT
SKPRES
SLP
SMISCOR
SSTEEL
STONE
SUBUR
SUCCESS
SUPERLN
SUPERMX
TAANN
TADMAX
TAS
TASEK
TASEK-PA
TATGIAP
TAWIN
TECGUAN
TECNIC
TEKALA
TGUAN
TIENWAH
TIMWELL
TOMYPAK
TONGHER
TOPGLOV
TOYOINK
TURIYA
UCHITEC
ULICORP
UMSNGB
VERSATL
VS
WASEONG
WATTA
WEIDA
WELLCAL
WONG
WOODLAN
WTHORSE
WTK
WZSATU
YILAI
YKGI
YLI
3.700
6.180
1.010
1.490
2.930
0.780
12.300
0.320
0.250
0.865
0.230
0.295
3.040
0.470
0.660
1.310
2.110
0.740
1.000
0.365
1.610
2.290
1.990
2.680
4.740
0.360
0.390
15.000
15.800
0.155
0.350
1.270
1.300
0.345
3.180
2.350
0.690
2.500
2.060
4.980
0.610
0.150
1.720
5.350
1.070
0.890
1.250
0.760
0.320
1.690
2.320
0.510
0.430
2.170
1.250
0.940
0.945
0.255
0.580
-0.070
-0.060
0.010
0.050
-0.010
UNCH
-0.040
UNCH
0.005
0.010
UNCH
-0.015
-0.010
-0.010
—
UNCH
0.110
-0.010
UNCH
UNCH
—
-0.010
0.020
UNCH
0.020
UNCH
0.010
UNCH
—
-0.005
—
UNCH
—
-0.005
0.040
UNCH
—
0.030
-0.020
UNCH
0.030
—
UNCH
-0.030
0.020
-0.070
0.020
-0.010
—
-0.010
UNCH
-0.010
—
-0.080
0.020
0.005
0.010
-0.005
UNCH
10.5
98.7
34.8
2856.5
26.9
20
29.6
36
105.1
88.3
4
85
13.7
109
—
153.9
162.3
0.1
35.4
255
—
6
63.2
1643.1
235.6
333.1
56.9
33.7
—
865.1
—
1.9
—
4
96.2
99.2
—
274.5
20.8
1414.4
3.3
—
399.9
3.1
24.1
304.1
4335.2
152.9
—
69.5
246.1
10.1
—
2
867.7
158.4
43.1
2085.9
10
3.725 18.80
6.204
8.63
0.983
9.50
1.471 11.87
2.911 16.50
0.780 236.36
12.356 12.79
0.316
—
0.233 16.89
0.859 56.54
0.230
—
0.295
—
3.040
2.59
0.470 13.74
—
—
1.317 19.10
2.027 19.15
0.740 82.22
0.982
—
0.365
—
—
—
2.290
9.82
1.996
9.75
2.678 14.35
4.743
9.33
0.359
2.35
0.386
—
14.999 20.17
—
—
0.155
—
— 19.44
1.227
6.62
—
0.56
0.345
—
3.145
8.75
2.349
6.67
— 56.10
2.468 11.82
2.057
—
4.980 15.19
0.568 138.64
— 19.74
1.721 13.22
5.375 26.28
1.058
8.86
0.890
—
1.239 20.16
0.758 62.30
—
—
1.694
8.16
2.318 19.40
0.495
—
— 30.07
2.170 13.39
1.247 10.02
0.936 12.67
0.938 15.88
0.268
—
0.580
—
1.35
1.93
5.94
4.03
3.75
—
1.79
—
—
3.47
—
6.78
—
2.55
—
1.50
1.42
3.38
—
—
—
3.49
2.51
1.49
4.22
—
—
7.33
6.96
—
—
—
—
—
2.83
7.66
—
4.00
4.85
2.01
1.64
—
6.40
2.24
2.80
—
4.72
3.95
—
1.78
3.97
—
—
4.61
1.46
1.78
2.12
—
—
506.7
533.5
73.5
472.4
386.8
57.4
2,829.0
28.0
85.5
164.0
115.0
23.6
912.0
88.1
26.4
1,476.9
521.9
33.2
419.4
32.8
336.5
274.8
159.2
1,822.8
1,757.3
160.3
70.2
1,854.3
5.3
24.0
22.5
50.9
52.5
52.8
334.8
226.8
61.4
273.7
262.5
6,248.3
65.3
34.3
681.8
776.8
85.6
104.4
1,461.0
588.9
27.0
225.3
769.5
46.8
17.2
520.8
601.7
313.9
151.2
88.8
58.8
7007
7070
7078
6173
5190
5932
8761
8591
7528
5253
8877
7047
9261
5398
5226
5169
5169PA
5169PB
6238
3336
5268
8834
4723
9083
7161
3565
5171
9628
5129
5006
9571
5924
5085
5703
8311
7055
5070
7145
9598
5205
5263
9717
5054
5622
5042
9679
7028
2283
ARK
ASUPREM
AZRB
BDB
BENALEC
BPURI
BREM
CRESBLD
DKLS
ECONBHD
EKOVEST
FAJAR
GADANG
GAMUDA
GBGAQRS
HOHUP
HOHUP-PA
HOHUP-PB
HSL
IJM
IKHMAS
IREKA
JAKS
JETSON
KERJAYA
KEURO
KIMLUN
LEBTECH
MELATI
MERGE
MITRA
MTDACPI
MUDAJYA
MUHIBAH
PESONA
PLB
PRTASCO
PSIPTEK
PTARAS
SENDAI
SUNCON
SYCAL
TRC
TRIPLC
TSRCAP
WCT
ZECON
ZELAN
0.300
0.110
0.740
0.665
0.500
0.405
0.890
0.905
1.650
1.310
1.560
0.610
2.110
4.730
0.950
0.855
1.340
1.290
1.820
3.460
0.740
0.555
1.030
0.220
1.950
0.910
1.790
1.540
0.820
0.360
1.250
0.245
1.200
2.280
0.375
1.230
1.730
0.115
3.600
0.700
1.570
0.360
0.480
1.450
0.550
1.680
0.745
0.215
—
UNCH
0.005
UNCH
UNCH
UNCH
0.010
-0.005
—
0.010
0.010
0.005
0.030
-0.020
-0.050
UNCH
—
—
0.020
0.010
-0.005
—
0.010
0.005
0.040
0.020
0.020
—
0.005
0.015
-0.010
0.005
UNCH
-0.020
0.010
—
0.020
UNCH
0.090
0.015
-0.030
0.005
0.020
UNCH
0.030
0.010
0.010
UNCH
—
940
2829.5
68.9
101
1992.6
29.2
55.1
—
474.5
4007.5
4465.6
1108.4
1881
4429.9
338.7
—
—
2158.3
3064.6
564.4
—
215.4
274.9
231.3
128.5
323.1
—
0.6
1
678.4
57.5
227.6
161.5
132.6
—
83.1
113.5
22.5
35
5258.1
214
808.9
16.1
182
349.8
106.6
243.1
— 17.34
0.110
—
0.736 15.61
0.650
7.74
0.501 333.33
0.403 23.68
0.893 17.21
0.904 13.92
—
6.14
1.301 11.87
1.568 57.99
0.617 32.11
2.113
5.18
4.734 17.84
0.996
—
0.851
4.19
—
—
—
—
1.831 13.12
3.449 14.22
0.740 12.74
—
—
1.028 10.86
0.219 22.22
1.936 10.99
0.909 910.00
1.786
7.46
—
—
0.813 17.48
0.360
8.41
1.253
8.87
0.242
—
1.197
—
2.282 12.34
0.370 18.94
— 26.11
1.710
8.75
0.115 19.17
3.591 16.82
0.697
9.79
1.589 15.97
0.357
7.03
0.477
7.59
1.447 12.66
0.541 20.07
1.669
9.35
0.745
—
0.211
5.96
—
—
2.70
6.02
0.60
4.94
3.37
4.42
1.82
1.91
1.28
2.05
2.37
2.54
—
—
1.87
1.16
1.32
2.46
1.35
—
—
—
1.54
—
3.24
—
2.13
—
4.00
—
—
2.19
2.67
4.07
5.20
—
5.00
0.71
2.55
—
1.35
—
1.62
1.79
—
—
13.8
32.1
357.8
202.1
405.9
94.6
307.5
160.1
153.0
700.9
1,334.5
221.3
545.7
11,413.7
371.4
297.9
10.6
23.9
1,060.5
12,415.7
384.8
94.8
451.5
41.4
518.4
912.5
538.0
210.2
98.4
24.1
803.8
56.8
662.9
1,080.7
245.2
112.3
586.3
36.5
588.7
541.8
2,029.9
115.3
230.6
96.2
95.9
2,112.4
88.7
181.7
5238
5166
6599
7315
5099
5014
5115
0159
6351
7083
5194
5210
1481
6399
7048
7579
6888
5021
7251
7241
6998
5032
5275
5248
3395
5196
4219
6025
1562
7036
9474
2771
5257
5245
2925
7117
7209
7016
5104
5136
5037
5184
0091
5141
5132
7212
7277
5908
5216
2097
5259
5036
7471
1368
0064
AAX
AEGB
AEON
AHB
AIRASIA
AIRPORT
ALAM
AMEDIA
AMWAY
ANALABS
APFT
ARMADA
ASB
ASTRO
ATLAN
AWC
AXIATA
AYS
BARAKAH
BHS
BINTAI
BIPORT
BISON
BJAUTO
BJCORP
BJFOOD
BJLAND
BJMEDIA
BJTOTO
BORNOIL
BRAHIMS
BSTEAD
CARIMIN
CARING
CCB
CENTURY
CHEETAH
CHUAN
CNI
COMPLET
COMPUGT
CYPARK
DAYA
DAYANG
DELEUM
DESTINI
DIALOG
DKSH
DSONIC
EASTLND
EATECH
EDARAN
EDEN
EDGENTA
EFFICEN
0.360
0.290
2.780
0.200
2.020
6.420
0.370
0.085
9.600
2.190
0.050
0.785
0.130
2.680
5.260
0.670
5.490
0.320
0.700
0.430
0.245
6.950
1.140
2.290
0.370
1.870
0.695
0.400
3.070
0.145
0.950
3.780
0.455
1.790
3.370
0.860
0.485
0.440
0.090
0.785
0.045
1.990
0.075
1.220
1.170
0.600
1.580
3.860
1.230
0.280
1.090
0.275
0.230
3.770
0.285
0.020 48495.2
0.010
78.5
UNCH
55.6
-0.005
858.2
0.090 34441.6
-0.080 1478.1
UNCH 1111.5
-0.005
516.6
0.020
1.1
—
—
-0.005
900.2
UNCH 6624.1
UNCH
350
0.020 2234.7
UNCH
33.3
0.045 44974.8
-0.010 6700.8
—
—
0.005
398.5
0.005
531
0.005
168.3
UNCH
5
UNCH
810.8
0.020 1817.4
-0.005 7121.6
UNCH
29
UNCH
15.2
UNCH
5
0.040
488.1
UNCH 1743.7
0.015
209.5
0.040
118.3
UNCH
33.2
UNCH
23
-0.030
4
UNCH
236.5
—
—
UNCH
4.1
0.005
22
—
—
UNCH
1623
UNCH
45.8
UNCH
1180
-0.030 1822.8
-0.010
31.1
UNCH 3153.1
UNCH 7656.5
0.030
7
-0.020 1932.5
0.005
255.3
-0.010
53
—
—
UNCH
479
0.050
87.3
-0.005
115
0.351
—
0.281
—
2.778 29.23
0.200 21.51
1.981 10.42
6.411
—
0.365
6.61
0.085
—
9.600 24.69
— 10.40
0.053
—
0.780
—
0.127
—
2.652 22.81
5.253 29.08
0.659 19.76
5.486 18.60
—
8.44
0.698 29.17
0.426
—
0.241
—
6.950 25.06
1.141
—
2.265 13.14
0.375
—
1.871 36.88
0.695
—
0.399
—
3.047 14.80
0.142 19.08
0.935
—
3.718 295.31
0.454
—
1.787 29.59
3.370
6.17
0.860
9.95
— 33.45
0.421
—
0.090
—
— 25.32
0.045 75.00
1.983
9.49
0.076
—
1.223
6.21
1.161 10.55
0.603 23.08
1.588 28.16
3.863 16.52
1.240 32.54
0.274
7.65
1.098 14.01
—
—
0.228
—
3.741 16.05
0.285
4.07
—
34.48
1.44
—
1.98
1.32
—
—
4.17
1.37
—
1.04
1.92
4.48
5.23
—
4.01
3.91
2.86
—
—
3.17
—
4.21
2.70
1.74
—
—
5.36
—
—
5.29
—
1.12
1.48
4.65
1.55
1.30
3.33
3.82
—
2.51
—
5.74
4.70
—
1.39
2.46
1.63
—
2.06
—
—
3.98
—
1,493.3
118.9
3,903.1
32.0
5,621.6
10,652.0
342.1
20.4
1,578.1
131.5
21.7
4,605.0
86.3
13,949.4
1,334.2
173.9
48,438.0
121.7
577.3
180.2
52.6
3,197.0
353.5
2,625.9
1,729.1
707.4
3,475.2
94.0
4,147.7
431.1
224.5
3,909.2
106.4
389.7
339.5
328.6
61.9
74.2
64.8
96.1
96.0
494.9
130.2
1,070.1
468.0
557.5
8,288.7
608.6
1,660.5
68.8
549.4
16.5
71.6
3,135.2
202.1
YEAR
LOW
DAY
HIGH
DAY
LOW
0.810 0.850
0.820
1.047 1.360
1.340
0.710 1.380
1.370
0.966 1.160
1.130
0.481 0.635
0.610
0.425 0.455
0.450
1.217
—
—
0.145 0.165
0.160
0.110 0.200
0.200
1.892 2.340
2.310
0.815 1.500
1.480
3.722 4.410
4.350
6.510 8.540
8.320
1.034 1.690
1.670
0.380 0.435
0.415
1.773 2.550
2.520
0.060
—
—
0.265 0.280
0.275
3.958 7.680
7.630
1.130 1.160
1.130
2.800 3.030
3.000
0.005 0.010
0.010
0.250 0.380
0.370
5.320 6.550
6.360
0.683 0.800
0.785
0.920
—
—
0.205 0.255
0.245
1.450 1.720
1.700
0.315
—
—
0.290
—
—
1.638 1.870
1.840
0.230 0.240
0.240
1.250
—
—
3.904 4.210
4.150
0.955 1.040
1.040
0.350 0.595
0.585
0.170 0.175
0.170
0.235 0.295
0.285
0.175
—
—
0.500 0.675
0.655
0.969 1.720
1.700
2.380 2.390
2.380
1.151 1.650
1.630
0.135 0.160
0.155
5.420 5.540
5.420
0.510 0.840
0.815
1.914 2.190
2.190
0.997 1.420
1.410
0.484 0.730
0.725
0.650 0.740
0.700
1.654 1.720
1.710
0.875 1.140
1.070
7.227 8.380
8.300
1.490 2.110
2.080
0.330 0.365
0.345
0.060 0.065
0.060
0.155 0.175
0.170
0.245 0.285
0.275
1.241 1.970
1.920
0.560
—
—
0.065 0.070
0.065
0.660
—
—
0.583 0.835
0.820
1.207 1.440
1.410
0.085 0.100
0.095
1.646 2.260
2.220
0.378 0.420
0.420
0.445 0.570
0.565
0.865 0.895
0.880
0.896 1.130
1.120
0.055 0.065
0.065
0.816 1.280
1.250
1.360
—
—
0.230 0.260
0.250
0.135 0.220
0.145
4.718 6.550
6.450
18.351 23.500 23.300
0.030
—
—
5.176 5.650
5.550
0.155 0.160
0.155
0.205 0.230
0.230
2.040 2.850
2.730
1.559 2.500
2.410
2.410 2.570
2.500
1.000 1.070
1.060
0.100 0.155
0.150
0.340 0.395
0.395
0.545 0.635
0.630
0.591
—
—
0.430 0.460
0.430
0.090 0.135
0.120
1.543 2.340
2.290
0.135 0.175
0.170
0.195 0.220
0.210
0.968
—
—
1.200 1.270
1.230
1.293 1.390
1.350
6.485 7.650
7.460
0.720
—
—
1.360 1.620
1.600
1.310 1.340
1.310
2.206 2.450
2.430
2.448
—
—
0.100 0.115
0.110
1.877 2.250
2.200
0.330 0.360
0.360
1.192 1.320
1.290
1.471
—
—
10.103 14.220 14.060
1.229 1.640
1.630
0.300 0.315
0.305
0.130 0.135
0.130
5.792 6.660
6.550
0.460 0.790
0.780
0.882 1.290
1.280
0.330 0.485
0.480
2.760
—
—
0.900
—
—
2.218
—
—
0.860 0.930
0.915
1.130 1.240
1.240
0.500
—
—
1.560 1.870
1.850
0.360 0.730
0.695
2.130
—
—
0.420
—
—
3.566 4.230
4.200
0.744 1.030
1.030
0.025
—
—
2.310 2.750
2.700
0.435 0.880
0.870
1.349 1.580
1.550
10.780
2.028
3.070
9.770
9.650
4.126
1.370
3.170
7.329
3.841
0.310
1.192
11.509
7.327
12.153
1.778
0.572
0.846
0.105
1.710
0.460
13.847
0.624
2.650
7.901
1.260
2.820
1.290
1.209
16.745
0.727
13.100
2.280
4.100
—
—
4.520
1.700
3.990
8.590
4.700
0.350
1.260
13.460
—
15.080
—
0.690
0.910
0.145
2.680
0.505
15.420
1.210
—
8.710
1.300
3.000
1.450
1.310
19.000
0.755
13.000
2.220
4.000
—
—
4.450
1.650
3.910
8.430
4.600
0.350
1.250
13.100
—
14.820
—
0.680
0.910
0.115
2.680
0.500
15.300
1.140
—
8.500
1.270
3.000
1.430
1.310
18.600
0.750
CODE
5081
5208
7189
5056
6939
9318
7210
0128
9377
5209
0078
4715
3182
3204
7676
7668
7110
7253
3034
2062
5008
7013
5255
5225
5614
5673
8923
0058
8672
5079
6491
0151
5035
5878
5843
9121
4847
6874
7170
8486
5143
3859
5264
3514
6012
5077
5983
4502
5090
7234
3069
5186
3816
2194
0059
0043
3891
3905
0138
9806
4464
5533
0172
5201
3018
5260
8419
5125
5657
5041
6254
5133
7108
0047
7080
5219
5681
7027
7081
7201
7163
4634
5204
8346
5272
0037
8885
8567
5147
7185
9113
0099
7158
7045
7053
9792
5250
4197
9431
5218
5242
6084
9865
1201
6521
5173
8524
5140
5347
8702
7228
7206
4863
0101
8397
7218
5711
5167
7137
5243
7091
5754
7250
7240
5016
7692
5246
5267
7122
7293
7066
4677
5139
5185
2488
1163
1163PA
1015
5088
5258
1818
1023
2143
5228
5819
5274
1082
6688
3379
3379PA
3441
5096
6483
8621
1198
1058
1155
1171
6459
5237
6009
1295
9296
COUNTER
CLOSING
(RM)
+/–
(RM)
VOL
(‘000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
4.12
2.96
—
0.65
3.94
1.32
3.94
—
—
3.53
0.67
1.62
0.41
2.07
1.38
5.88
—
—
2.61
2.16
5.00
—
—
0.46
3.13
2.94
—
2.03
—
—
4.59
2.08
1.43
1.67
3.85
—
—
1.72
—
—
3.80
6.72
4.27
4.38
3.61
1.21
3.20
7.04
5.81
—
4.44
—
3.60
1.81
1.71
—
—
—
0.61
—
—
1.14
0.72
4.17
—
—
5.36
3.68
—
3.35
—
1.56
1.30
—
—
1.08
2.56
—
5.41
3.81
—
4.66
1.51
—
—
3.23
—
3.15
4.49
—
—
3.42
—
—
4.25
10.48
1.65
3.29
1.35
1.25
1.94
7.35
2.40
—
3.11
—
6.06
2.87
2.05
9.15
—
—
3.23
0.18
3.13
—
1.36
5.00
2.28
1.09
2.82
—
2.02
—
2.98
—
2.63
1.46
—
0.55
—
6.05
197.5
175.5
126.8
352.7
336.5
218.5
221.5
173.8
25.5
3,004.6
2,074.9
26,068.0
31,817.2
507.7
102.7
515.6
5.2
44.0
17,922.2
464.5
205.5
106.0
441.4
53,786.4
142.4
73.9
38.7
240.8
69.3
40.3
512.5
52.8
139.5
4,429.7
519.0
88.0
70.5
161.4
49.0
154.0
464.5
3,421.8
8,200.0
168.7
41,606.8
825.0
855.7
1,575.1
1,223.2
31.1
691.3
1,792.0
37,228.0
6,394.6
56.9
49.3
513.2
671.4
4,736.3
48.1
56.1
90.5
657.6
667.1
102.3
524.2
117.6
351.4
979.0
371.0
56.5
411.8
1,198.8
311.8
34.3
1,211.0
23,246.8
2.8
1,436.8
105.3
11.5
1,509.0
1,205.2
257.0
950.5
204.3
339.1
430.3
106.1
85.5
23.7
831.8
326.0
503.5
55.4
927.6
1,714.4
48,149.0
30.0
9,647.4
221.9
1,809.5
152.5
444.6
648.4
432.0
1,596.5
314.0
79,800.7
203.5
120.2
145.7
24,915.1
1,360.3
538.5
19.9
189.1
108.0
107.0
1,989.0
159.4
57.6
544.0
92.4
157.9
19.7
14,390.2
185.4
21.3
2,994.3
140.3
16,946.6
4.54
3.54
3.51
0.64
0.75
4.49
2.94
3.10
4.08
3.00
—
5.49
3.00
0.84
2.52
4.55
1.46
4.40
—
3.73
1.98
4.55
5.22
3.24
6.23
2.33
—
—
7.40
2.95
7.95
1,886.4
4,391.1
6,347.2
1,727.1
955.3
13,624.1
363.1
6,243.5
4,528.5
40,676.5
100.3
233.4
28,960.7
2,493.7
17,098.0
561.3
474.9
120.7
84.1
321.6
369.5
5,112.6
336.6
562.6
84,737.0
3,663.2
639.2
1,022.5
322.2
73,605.3
257.4
EIG
EITA
EKIB
ENGTEX
FIAMMA
FITTERS
FREIGHT
FRONTKN
FSBM
GASMSIA
GDEX
GENM
GENTING
GKENT
GUNUNG
HAIO
HAISAN
HANDAL
HAPSENG
HARBOUR
HARISON
HUBLINE
ICON
IHH
ILB
IPMUDA
JIANKUN
JOBST
KAMDAR
KBES
KFIMA
KGB
KNUSFOR
KPJ
KPS
KPSCB
KTB
KUB
LFECORP
LIONFIB
LUXCHEM
MAGNUM
MALAKOF
MARCO
MAXIS
MAYBULK
MBMR
MEDIA
MEDIAC
MESB
MFCB
MHB
MISC
MMCCORP
MMODE
MTRONIC
MUIIND
MULPHA
MYEG
NATWIDE
NICORP
OCB
OCK
OLDTOWN
OLYMPIA
OWG
PANSAR
PANTECH
PARKSON
PBA
PDZ
PENERGY
PERDANA
PERISAI
PERMAJU
PESTECH
PETDAG
PETONE
PHARMA
PICORP
PJBUMI
POS
PRESBHD
PRKCORP
RANHILL
RGB
RPB
SALCON
SAMCHEM
SAMUDRA
SANBUMI
SCICOM
SCOMI
SCOMIES
SEEHUP
SEG
SEM
SIME
SJC
SKPETRO
SOLID
STAR
SUIWAH
SUMATEC
SURIA
SYSCORP
TALIWRK
TASCO
TENAGA
TEXCHEM
TGOFFS
THHEAVY
TM
TMCLIFE
TNLOGIS
TOCEAN
TSTORE
TURBO
UMS
UMWOG
UNIMECH
UTUSAN
UZMA
VOIR
WARISAN
WIDETEC
WPRTS
XINHWA
YFG
YINSON
YONGTAI
YTL
0.850
1.350
1.380
1.160
0.635
0.455
1.270
0.165
0.200
2.340
1.500
4.390
8.500
1.690
0.435
2.550
0.065
0.275
7.670
1.160
3.000
0.010
0.375
6.540
0.800
1.020
0.255
1.720
0.350
0.320
1.850
0.240
1.400
4.190
1.040
0.595
0.175
0.290
0.270
0.665
1.710
2.380
1.640
0.160
5.540
0.825
2.190
1.420
0.725
0.740
1.720
1.120
8.340
2.100
0.350
0.065
0.175
0.285
1.970
0.800
0.065
0.880
0.830
1.440
0.100
2.240
0.420
0.570
0.895
1.120
0.065
1.280
1.540
0.255
0.175
6.490
23.400
0.055
5.550
0.160
0.230
2.810
2.490
2.570
1.070
0.155
0.395
0.635
0.780
0.460
0.125
2.340
0.170
0.215
1.060
1.240
1.390
7.610
0.740
1.610
1.340
2.450
2.500
0.115
2.250
0.360
1.320
1.570
14.140
1.640
0.315
0.130
6.630
0.785
1.280
0.485
2.760
1.000
2.630
0.920
1.240
0.520
1.870
0.700
2.350
0.440
4.220
1.030
0.035
2.740
0.875
1.570
0.030
12.7
0.010
133.2
UNCH
55
0.030
97.5
0.015
387.4
UNCH
735
—
—
UNCH 2020.8
-0.030
10
0.030
315.9
0.030
67
0.010 3421.2
0.030 4590.9
0.010
251.6
0.005
122.4
0.010
36.2
—
—
-0.005
20.4
0.010 1886.5
-0.010
135.3
-0.020
16
UNCH
347.8
-0.005 1057.2
0.030
3865
0.015
15
—
—
0.005
190.8
0.030
7
—
—
—
—
UNCH
47.8
UNCH
10
—
—
UNCH
704
-0.010
4
0.005
311
UNCH
79.5
0.010 1806.5
—
—
0.010
44.2
UNCH
52.7
UNCH
252.7
0.010 2944.4
0.005
492
0.060 2614.8
-0.005 1609.5
0.020
9.2
0.010
132.6
0.005
80.2
UNCH
25
-0.010
75
0.040 2343.2
-0.010 4196.5
-0.010
519.5
-0.005 1581.8
-0.005
893.7
UNCH 5369.5
0.010 2991.1
0.040 2827.3
—
—
-0.005
25
—
—
-0.005 1747.5
UNCH
76
UNCH
110
-0.010
215.8
0.005
6
UNCH
46
0.005
981.9
-0.010
4.2
UNCH
815
UNCH
131.3
—
—
-0.005 4303.7
0.035 1932.9
0.060
42.5
-0.160
592.2
—
—
-0.100
4.2
UNCH
148
-0.005
0.1
0.060
980.2
UNCH 1174.1
-0.010
25.4
-0.010
95.7
UNCH 2244.2
0.005
16
0.005
654
—
—
0.030
26.1
0.015 3634.5
UNCH
1.8
-0.005
459.5
-0.015 2668.2
—
—
-0.020
56
0.020
883.2
UNCH 2948.6
—
—
-0.010
14812
0.010
175.5
0.040
159
—
—
-0.005 14666.6
UNCH
5.1
UNCH
170
UNCH
82.6
—
—
0.040 20898.6
-0.010
9.8
-0.005
13.5
-0.005
934
-0.020 4860.2
UNCH
212
0.020
132.5
0.005
1.5
—
—
—
—
—
—
-0.015
743.9
UNCH
70
—
—
-0.090
4
-0.050
33
—
—
—
—
0.020 10813.7
0.010
57.6
—
—
0.040
60.1
0.005 1268.2
0.010 6956.3
0.824
9.48
1.349
8.30
1.378 25.37
1.140
8.52
0.630
5.08
0.452 23.58
— 10.70
0.160 41.25
0.200
—
2.337 28.33
1.490 60.48
4.378 19.77
8.386 22.77
1.682 10.12
0.423
—
2.540 14.52
—
—
0.277
7.29
7.654 18.15
1.146
8.85
3.011 13.12
0.010
—
0.372
—
6.504 57.47
0.788
—
— 42.15
0.249
—
1.717
9.41
—
—
—
—
1.850 11.22
0.240
—
— 80.46
4.192 32.08
1.040 13.11
0.588
2.77
0.174 56.45
0.289 20.14
— 27.55
0.670
—
1.709 11.32
2.384 14.88
1.639
3.35
0.155
8.56
5.467 22.49
0.825
—
2.190 10.19
1.420 11.36
0.729 10.77
0.732 151.02
1.713
5.88
1.114
—
8.332 15.09
2.098 26.18
0.351
6.11
0.065 10.83
0.170
—
0.281
3.59
1.955 46.79
—
—
0.067 36.11
— 15.52
0.827 20.75
1.420 14.62
0.100 11.49
2.247 26.48
0.420 13.55
0.570
9.09
0.888
—
1.125
9.76
0.065
—
1.252
8.04
—
—
0.255
—
0.188
—
6.490 15.95
23.392 29.45
—
0.48
5.600 17.10
0.159
—
0.230
—
2.784 21.99
2.457 69.94
2.510
3.06
1.068 25.54
0.153
9.28
0.395
—
0.632 19.24
— 26.26
0.430
8.95
0.130
—
2.318 20.87
0.170
6.30
0.215 10.09
—
4.63
1.247 33.24
1.363 30.48
7.527 23.91
— 22.16
1.608
—
1.320 28.76
2.443 13.62
— 18.78
0.115 10.55
2.201
5.04
0.360 97.30
1.308 17.46
— 11.33
14.133 16.26
1.631 20.25
0.313
—
0.131
—
6.616 35.42
0.785 76.96
1.285
6.82
0.480 80.83
— 18.54
— 12.77
—
6.34
0.917
—
1.240 15.44
—
—
1.860 86.98
0.707
—
— 133.52
— 20.66
4.209 25.89
1.030 11.38
—
—
2.714 12.94
0.876 110.76
1.563 17.80
AEONCR
AFFIN
AFG
ALLIANZ
ALLIANZ-PA
AMBANK
APEX
BIMB
BURSA
CIMB
ECM
ELKDESA
HLBANK
HLCAP
HLFG
HWANG
INSAS
INSAS-PA
JOHAN
KAF
KENANGA
LPI
MAA
MANULFE
MAYBANK
MBSB
MNRB
MPHBCAP
P&O
PBBANK
RCECAP
13.100
2.260
4.100
10.200
10.380
4.520
1.700
3.930
8.460
4.660
0.350
1.250
13.360
10.100
14.900
2.200
0.685
0.910
0.135
2.680
0.505
15.400
1.150
2.780
8.670
1.290
3.000
1.430
1.310
18.960
0.755
UNCH
0.010
0.080
—
—
0.030
0.050
-0.030
-0.080
UNCH
-0.005
UNCH
0.060
—
-0.080
—
0.005
0.005
0.015
UNCH
0.005
0.100
-0.050
—
0.140
0.020
-0.030
-0.010
UNCH
0.200
0.005
13.087
2.257
4.053
—
—
4.484
1.665
3.937
8.553
4.668
0.350
1.250
13.239
—
14.881
—
0.682
0.910
0.135
2.680
0.501
15.407
1.161
—
8.615
1.288
3.000
1.435
1.310
18.903
0.752
49.7
64.5
660.9
—
—
1766.8
14.4
48.4
95.3
9873.5
17
130.4
713.1
—
320.3
—
90.5
6
2978.7
45.6
74
37.8
1337.1
—
7705.6
1139
1
33.1
13.2
2914
231.3
8.79
11.89
12.89
5.55
—
8.81
18.72
11.06
22.46
13.83
8.12
8.95
12.26
30.40
9.86
15.15
5.48
—
—
54.81
32.37
15.53
13.87
15.82
12.03
13.31
9.17
16.14
13.10
14.30
5.51
Markets 2 7
BURSA MAL AYSIA MAIN MARKET . ACE MARKET
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
7.447 4.911
0.700 0.505
4.440 3.654
1.860 1.100
PROPERTIES
0.992 0.693
1.070 0.760
0.495 0.354
0.295 0.155
0.680 0.460
0.710 0.475
0.909 0.721
1.420 0.900
2.342 1.590
2.524 1.434
2.595 1.939
1.080 0.430
1.920 1.380
0.350 0.210
1.810 1.170
1.300 0.665
2.950 1.750
1.000 0.655
0.626 0.445
0.931 0.710
0.498 0.332
0.665 0.425
1.459 1.005
0.750 0.430
1.976 1.547
0.668 0.455
1.313 0.950
2.824 2.213
2.450 1.735
0.480 0.315
1.320 0.745
0.325 0.185
0.075 0.040
1.217 0.850
1.889 1.200
0.510 0.324
1.548 1.209
1.630 1.179
0.355 0.230
1.129 0.805
1.692 1.240
0.891 0.607
2.649 1.999
1.380 1.032
0.635 0.495
0.980 0.555
0.440 0.275
2.810 1.842
0.457 0.286
0.255 0.145
1.482 0.775
1.500 0.850
0.390 0.265
2.880 1.950
2.980 1.385
1.993 1.473
2.051 1.374
0.510 0.280
1.477 1.253
2.264 1.679
0.285 0.195
1.730 0.715
1.103 0.625
1.080 0.855
0.665 0.450
3.308 2.740
0.200 0.130
1.097 0.735
5.482 4.111
3.455 2.800
1.150 0.810
3.240 2.836
0.845 0.690
0.325 0.225
8.648 6.000
0.080 0.045
1.753 1.133
0.190 0.095
0.760 0.250
0.095 0.045
1.944 1.350
1.149 0.774
1.370 0.755
2.280 1.680
1.601 1.113
1.764 0.756
2.060 1.474
0.800 0.595
MINING
1.400 1.140
PLANTATIONS
2.020 1.000
18.360 16.560
9.500 7.612
1.568 1.053
0.830 0.685
9.141 7.500
0.580 0.380
8.194 6.910
2.075 1.166
11.560 8.494
1.780 1.083
1.450 0.905
1.120 0.790
2.518 1.881
3.800 2.990
0.750 0.605
0.785 0.545
5.040 3.622
24.780 19.357
3.569 2.891
3.600 2.146
0.645 0.345
4.040 2.410
1.880 1.410
1.860 1.500
0.995 0.800
2.850 1.930
4.965 3.900
0.350 0.200
1.220 0.800
0.675 0.465
4.080 3.442
3.300 2.653
0.825 0.450
5.030 3.610
2.189 1.654
0.810 0.510
1.610 1.090
1.730 1.150
2.350 1.730
6.312 5.280
26.957 23.977
HOTELS
0.753 0.497
1.420 0.840
0.345 0.205
6.966 5.300
TECHNOLOGY
0.900 0.620
0.400 0.195
0.220 0.100
0.430 0.240
0.255 0.130
0.235 0.150
0.300 0.180
1.780 1.160
1.480 0.517
2.056 1.149
1.280 0.710
0.305 0.185
0.319 0.240
6.795 3.120
0.743 0.550
3.924 2.181
0.200 0.100
0.872 0.555
5.950 2.885
0.250 0.060
10.700 5.564
6.000
0.545
4.080
1.380
5.830
0.540
4.020
1.360
1066
4898
6139
5230
0.880
1.020
0.440
0.185
0.500
—
0.795
1.010
1.640
—
2.300
0.775
1.620
0.260
1.290
—
—
—
0.525
0.815
0.420
0.495
1.230
—
1.830
0.505
1.000
2.460
2.380
—
1.060
0.210
0.045
—
1.210
0.345
1.370
1.590
0.255
1.010
1.470
0.725
2.470
1.230
0.515
0.920
0.290
2.570
0.340
0.185
1.210
0.850
0.300
2.380
—
1.610
1.580
0.380
1.380
1.740
0.285
1.100
0.700
0.980
0.470
2.970
—
—
5.000
3.250
0.875
3.150
0.710
0.245
—
0.055
1.400
0.100
0.255
0.050
1.390
1.000
1.040
2.230
1.180
—
1.930
0.630
0.870
0.965
0.435
0.185
0.485
—
0.785
1.000
1.630
—
2.290
0.750
1.590
0.255
1.270
—
—
—
0.510
0.810
0.395
0.490
1.190
—
1.820
0.505
1.000
2.430
2.320
—
0.975
0.205
0.045
—
1.200
0.345
1.370
1.570
0.245
0.995
1.450
0.680
2.450
1.200
0.505
0.895
0.290
2.500
0.335
0.185
1.190
0.850
0.290
2.200
—
1.580
1.570
0.350
1.330
1.720
0.260
1.100
0.695
0.975
0.470
2.960
—
—
4.990
3.190
0.830
3.110
0.710
0.240
—
0.050
1.380
0.100
0.255
0.045
1.360
0.990
1.020
2.190
1.160
—
1.900
0.625
1007
5959
1007PA
4057
6602
9814
3239
5738
6718
5049
5355
3484
3417
3557
8206
6076
8613
6815
6041
5020
9962
1147
1503
7010
5062
4251
5084
1597
5249
5175
1589
6769
3115
7323
5038
3174
8494
5789
3573
7617
8583
6181
5236
5182
5040
1694
8141
6114
8893
6548
1651
9539
3913
5073
5827
5053
1724
6912
1945
5075
2208
4596
5207
2224
4286
6017
4375
5213
1783
8664
3743
5211
1538
5158
2305
2259
5191
2429
7889
7079
5239
5401
5148
5200
2976
7003
3158
2577
1.220
1.200
2186
KUCHAI
1.820
17.720
—
1.500
0.725
—
0.455
—
1.450
10.640
1.400
1.400
0.890
2.350
—
0.710
0.720
4.310
23.160
—
3.370
0.560
4.010
—
—
0.920
—
4.050
0.250
1.010
0.540
—
3.030
0.640
4.410
2.040
0.715
1.190
1.670
1.960
—
26.500
1.770
17.660
—
1.470
0.720
—
0.455
—
1.420
10.500
1.390
1.360
0.880
2.340
—
0.710
0.670
4.210
22.860
—
3.360
0.545
4.000
—
—
0.900
—
4.050
0.250
1.010
0.535
—
3.030
0.635
4.370
2.010
0.700
1.170
1.650
1.950
—
26.500
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
—
0.910
0.325
5.490
—
0.905
0.320
5.450
5592
1643
1287
5517
GCE
LANDMRK
PMHLDG
SHANG
—
0.260
0.145
0.300
0.150
0.170
0.230
1.590
1.480
1.580
0.895
0.255
—
3.480
0.570
2.870
—
0.715
4.200
0.165
7.260
—
0.250
0.105
0.295
0.145
0.160
0.225
1.550
1.360
1.500
0.880
0.250
—
3.380
0.570
2.820
—
0.690
4.140
0.165
7.170
7031
5195
0051
7204
8338
0029
4456
5162
0065
0090
0021
0082
0056
7022
5028
0166
9393
5161
9334
0143
3867
AMTEL
CENSOF
CUSCAPI
D&O
DATAPRP
DIGISTA
DNEX
ECS
EFORCE
ELSOFT
GHLSYS
GPACKET
GRANFLO
GTRONIC
HTPADU
INARI
ITRONIC
JCY
KESM
KEYASIC
MPI
CODE
COUNTER
CLOSING
(RM)
+/–
(RM)
VOL
(‘000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
RHBCAP
TA
TAKAFUL
TUNEPRO
5.900
0.540
4.080
1.370
UNCH
-0.005
0.030
UNCH
1261.6
185.2
441.1
316.8
5.896
0.541
4.037
1.370
10.15
—
21.27
14.94
2.03
1.02
3.52
3.65
18,140.6
924.4
3,346.3
1,029.9
AMPROP
A&M
AMPROP-PA
ASIAPAC
BCB
BERTAM
BJASSET
CHHB
CRESNDO
CVIEW
DAIMAN
DBHD
E&O
ECOFIRS
ECOWLD
ENCORP
ENRA
EUPE
FARLIM
GLOMAC
GMUTUAL
GOB
GUOCO
HOOVER
HUAYANG
IBHD
IBRACO
IGB
IOIPG
IVORY
IWCITY
JKGLAND
KBUNAI
KEN
KSL
L&G
LBICAP
LBS
LIENHOE
MAGNA
MAHSING
MALTON
MATRIX
MCT
MEDAINC
MENANG
MJPERAK
MKH
MKLAND
MPCORP
MRCB
MUH
MUIPROP
NAIM
OIB
OSK
PARAMON
PASDEC
PJDEV
PLENITU
PTGTIN
SAPRES
SBCCORP
SDRED
SEAL
SHL
SMI
SNTORIA
SPB
SPSETIA
SUNSURIA
SUNWAY
SYMLIFE
TAGB
TAHPS
TALAMT
TAMBUN
TANCO
THRIVEN
TIGER
TITIJYA
TROP
UEMS
UOADEV
WINGTM
Y&G
YNHPROP
YTLLAND
0.880
0.995
0.440
0.185
0.500
0.515
0.795
1.000
1.630
1.600
2.300
0.760
1.610
0.260
1.280
0.720
2.110
0.780
0.520
0.810
0.395
0.495
1.230
0.510
1.820
0.505
1.000
2.430
2.340
0.365
1.040
0.210
0.045
0.990
1.200
0.345
1.370
1.590
0.255
1.010
1.460
0.710
2.460
1.230
0.505
0.915
0.290
2.510
0.340
0.185
1.210
0.850
0.295
2.300
2.500
1.600
1.580
0.370
1.380
1.730
0.275
1.100
0.700
0.975
0.470
2.960
0.135
0.785
4.990
3.240
0.835
3.110
0.710
0.240
6.400
0.055
1.380
0.100
0.255
0.050
1.380
1.000
1.040
2.200
1.160
1.020
1.900
0.630
-0.005
-0.025
0.005
UNCH
0.015
—
UNCH
0.015
UNCH
—
0.020
0.010
0.020
UNCH
UNCH
—
—
—
-0.005
UNCH
-0.015
UNCH
UNCH
—
UNCH
UNCH
UNCH
-0.030
-0.010
—
0.040
UNCH
UNCH
—
-0.010
UNCH
-0.010
UNCH
UNCH
UNCH
-0.020
0.020
-0.010
0.010
-0.010
-0.005
-0.010
0.010
UNCH
UNCH
0.020
UNCH
UNCH
0.100
—
UNCH
0.010
0.010
0.050
UNCH
0.015
-0.010
UNCH
-0.005
-0.010
UNCH
—
—
-0.010
0.060
-0.005
-0.040
0.005
UNCH
—
0.005
-0.040
UNCH
UNCH
UNCH
UNCH
UNCH
UNCH
0.010
-0.020
—
-0.020
UNCH
90.8
104.3
21.1
334.1
27
—
86
41
13
—
10.3
94
1797.2
662
866.4
—
—
—
57
82.8
77.2
580.3
8.9
—
56.7
109.9
2
210.7
1104
—
10082
432.1
1009
—
367.1
105
1
517
21
30.8
321.4
93.6
137.8
34.5
451.1
1729
25.4
53.7
537.4
12
879.1
10
971.7
509.9
—
360.9
79
1269.4
12.1
63.3
3014.1
33
177.2
56.1
10
7
—
—
7.7
111.5
117.8
102.5
70
238.8
—
220.3
381.8
300
20
2335
171.5
256
1839.5
138.5
64
—
2174.7
54
0.880
6.21
0.992 16.15
0.439
—
0.185
0.48
0.498
5.94
—
8.37
0.791 22.91
1.000
—
1.639 20.79
—
7.56
2.292 16.17
0.759
—
1.605 13.22
0.257
9.81
1.280 44.14
— 54.55
— 28.25
— 13.07
0.521
5.75
0.812
6.62
0.396
9.27
0.491
4.11
1.214
4.15
—
—
1.820
4.06
0.505 12.47
1.000 13.74
2.449 14.95
2.336
9.40
—
8.57
1.029 101.96
0.207
8.37
0.045
—
—
7.62
1.203
4.31
0.345
7.88
1.370
6.40
1.579 11.24
0.253
—
0.998
1.68
1.461
9.15
0.699
9.57
2.465
6.32
1.219 21.39
0.510
—
0.905
7.43
0.290
5.95
2.515
8.89
0.340 10.12
0.185
—
1.202
6.53
0.850
5.38
0.297
—
2.323 15.87
— 11.72
1.600
3.37
1.579
9.86
0.371
—
1.337 11.07
1.731
3.96
0.271
—
1.100 51.89
0.700 11.08
0.978
5.71
0.470
—
2.961
6.85
—
—
— 12.54
4.995
3.30
3.205 10.60
0.839 14.86
3.114
7.45
0.710 21.58
0.240 29.27
— 20.30
0.050 137.50
1.387
5.77
0.100
—
0.255 87.93
0.050
—
1.371
6.26
0.995
6.69
1.031 18.34
2.203
7.82
1.166
8.90
—
7.03
1.920 44.29
0.626 18.10
3.41
1.51
4.55
1.62
—
—
1.26
—
3.07
12.50
2.17
—
1.86
—
—
—
—
1.92
3.85
5.25
5.06
—
1.63
—
7.14
2.99
3.50
4.12
2.56
—
—
0.95
—
3.03
5.83
5.80
3.65
2.20
—
7.92
4.45
4.23
5.85
1.63
—
—
—
2.79
8.82
—
2.07
—
—
1.52
3.00
3.13
5.22
—
5.43
2.60
—
2.27
2.29
3.08
—
8.45
—
2.55
2.40
2.99
—
3.54
7.04
1.38
5.00
—
7.03
—
—
—
3.26
7.00
1.54
5.91
2.59
8.58
—
—
528.9
363.2
130.1
183.6
206.3
106.5
884.9
275.7
457.2
160.0
488.0
235.1
2,028.3
189.8
3,026.3
200.6
287.4
99.8
73.0
589.5
148.4
225.1
861.6
20.4
480.5
501.0
496.4
3,316.5
10,351.3
162.6
696.5
159.2
259.9
189.8
1,216.4
377.1
103.3
892.2
92.2
336.2
3,517.7
318.4
1,387.9
1,641.8
248.7
244.4
74.5
1,052.8
410.5
53.2
2,282.8
48.0
225.4
575.0
362.2
2,244.6
668.2
76.2
729.8
660.1
95.2
153.6
164.4
415.5
104.1
716.7
28.3
380.0
1,714.6
8,516.3
667.0
6,185.1
220.1
1,277.2
479.1
232.1
586.2
33.5
96.1
69.5
496.8
1,447.5
4,718.9
3,345.7
564.9
203.4
838.7
531.9
1.210
UNCH
99.5
1.810
17.720
8.690
1.500
0.725
8.000
0.455
7.860
1.430
10.540
1.390
1.360
0.890
2.340
3.500
0.710
0.670
4.300
22.980
3.270
3.370
0.550
4.000
1.470
1.650
0.920
2.330
4.050
0.250
1.010
0.540
3.820
3.030
0.640
4.380
2.040
0.705
1.170
1.670
1.960
5.910
26.500
0.010
-0.100
—
0.020
0.005
—
UNCH
—
-0.010
0.020
0.010
-0.050
0.010
-0.010
—
UNCH
-0.020
0.030
-0.120
—
UNCH
UNCH
-0.010
—
—
0.020
—
UNCH
-0.050
UNCH
0.005
—
-0.020
0.075
UNCH
0.110
0.005
-0.020
0.010
0.010
—
UNCH
80
13.9
—
37.3
30.5
—
272.1
—
2898
237.1
14
45.5
59
4.7
—
21
41.9
6191
784.6
—
1.3
257.5
1268.6
—
—
4.4
—
5
2
1
72.1
—
1
8
26.4
10.6
241.5
128.7
375.2
26.5
—
0.1
0.565
0.910
0.325
5.490
—
UNCH
-0.005
-0.010
—
71
940
211.8
—
0.907
0.324
5.489
0.705
0.255
0.125
0.295
0.150
0.160
0.230
1.550
1.450
1.560
0.880
0.255
0.250
3.420
0.570
2.840
0.160
0.700
4.140
0.165
7.170
—
0.005
0.025
UNCH
UNCH
-0.010
UNCH
-0.100
0.110
UNCH
UNCH
-0.005
—
-0.020
UNCH
-0.030
—
UNCH
-0.040
UNCH
-0.010
—
3447.3
9264
25
101.6
271.9
122.6
833.7
5429.4
248
176.5
570.9
—
6398.4
18
1939.2
—
2432.7
9
352.7
40.8
—
0.254
0.128
0.296
0.150
0.165
0.228
1.571
1.423
1.524
0.893
0.254
—
3.421
0.570
2.845
—
0.707
4.178
0.165
7.201
—
0.70
149.7
1.790
—
17.702
9.54
—
—
1.489 30.49
0.722 22.80
— 28.28
0.455
6.44
— 15.59
1.435 160.67
10.529 43.00
1.398
—
1.399 33.09
0.885
—
2.348 19.40
— 60.66
0.710
—
0.686 13.54
4.281
—
23.003 16.86
—
—
3.362 14.21
0.549
—
4.002 39.22
—
—
—
—
0.901 45.54
—
—
4.050 47.20
0.250
—
1.010
—
0.539
—
— 39.54
3.030
—
0.638
—
4.378 18.50
2.034 26.77
0.706 14.07
1.172 16.69
1.662
—
1.959
—
— 25.01
26.500 18.10
1.205
1.10
2.82
0.23
—
2.07
2.00
—
3.18
2.80
0.52
0.72
2.21
8.99
3.42
1.71
1.65
—
1.86
1.96
0.31
3.86
—
2.38
—
—
1.63
0.43
1.48
—
—
—
1.57
0.66
—
1.14
3.68
2.13
1.71
—
1.02
2.71
1.51
217.2
7,725.1
812.5
2,400.0
230.9
730.9
385.0
1,111.3
5,216.9
8,314.0
309.8
243.9
165.1
1,872.0
3,082.0
298.7
320.3
27,785.8
24,531.3
206.6
1,050.8
1,031.3
5,619.6
458.2
123.8
180.8
279.6
284.3
37.5
330.0
766.0
247.7
201.0
73.6
1,934.2
571.2
1,044.6
1,034.1
664.9
2,637.0
1,236.5
5,515.6
—
—
3250
18.64
3.54
—
—
2.55
111.3
437.5
301.9
2,415.6
42.47
10.76
—
28.37
—
—
15.97
8.64
39.73
10.80
55.00
—
9.88
16.63
62.64
15.50
—
7.11
6.53
—
8.89
—
—
—
—
—
—
—
3.87
2.07
5.13
—
—
2.00
3.22
3.51
2.73
—
9.64
0.72
—
3.21
34.7
127.9
54.4
291.3
57.5
81.4
178.3
279.0
299.8
282.6
572.7
176.1
120.8
963.9
57.7
2,715.4
16.4
1,453.3
178.1
137.7
1,504.9
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
1.400 0.890
—
—
0.495 0.360 0.385
0.380
0.765 0.410 0.470
0.470
0.360 0.245 0.285
0.270
0.915 0.560 0.675
0.650
0.475 0.235 0.410
0.395
0.105 0.035 0.040
0.035
2.520 1.498 2.270
2.230
3.840 2.684 3.720
3.600
0.960 0.640 0.680
0.660
INFRASTRUCTURE PROJECT COMPANIES
5.846 4.310 4.400
4.360
5.330 3.662 5.100
5.100
1.950 1.010 1.170
1.160
0.575 0.335 0.385
0.375
7.924 5.245 7.350
7.250
1.600 1.400 1.470
1.460
CLOSED-END FUNDS
2.380 2.100 2.330
2.330
EXCHANGE TRADED FUNDS
1.090 1.035 1.090
1.085
1.860 1.550
—
—
1.540 1.015
—
—
1.840 1.580
—
—
1.010 0.900
—
—
1.015 0.850 0.875
0.875
1.175 0.990 1.060
1.060
1.075 0.940
—
—
REITS
1.040 0.875 1.020
1.020
1.570 1.243 1.530
1.520
1.112 0.881 0.970
0.970
0.858 0.672 0.730
0.725
0.905 0.746 0.905
0.895
1.116 0.974 1.070
1.060
1.703 1.463 1.630
1.590
1.500 1.206 1.470
1.450
1.520 1.348 1.520
1.510
1.570 1.199 1.530
1.510
7.500 6.800 7.240
7.180
1.170 0.954 1.150
1.140
1.820 1.346 1.710
1.680
1.650 1.401 1.610
1.600
1.230 1.045 1.230
1.220
1.640 1.397 1.640
1.620
1.080 0.946 1.060
1.050
SPAC
0.705 0.650 0.695
0.685
0.695 0.595 0.680
0.675
0.475 0.415 0.450
0.440
CODE
COUNTER
CLOSING
(RM)
+/–
(RM)
VOL
(‘000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
5011
0083
9008
0041
7160
9075
0118
5005
0097
0008
MSNIAGA
NOTION
OMESTI
PANPAGE
PENTA
THETA
TRIVE
UNISEM
VITROX
WILLOW
1.010
0.385
0.470
0.285
0.675
0.410
0.040
2.240
3.720
0.680
—
0.005
-0.005
UNCH
0.005
0.020
UNCH
UNCH
0.120
0.015
—
69
5
42
295.8
31.7
1084.4
1211.9
27.5
442
—
0.382
0.470
0.276
0.667
0.399
0.039
2.241
3.659
0.667
—
—
—
15.83
7.53
18.22
—
9.72
19.57
9.15
—
—
—
—
—
—
—
4.46
0.54
2.94
61.0
104.1
183.1
68.8
98.9
44.0
48.3
1,643.8
870.1
168.6
6947
6645
6807
5078
5031
6742
DIGI
LITRAK
PUNCAK
SILKHLD
TIMECOM
YTLPOWR
4.400
5.100
1.170
0.385
7.350
1.470
0.020
UNCH
UNCH
0.005
0.050
0.010
7038.6
182.3
263.5
142.9
87.7
2323.4
4.387
5.100
1.168
0.381
7.307
1.464
20.83
17.38
—
—
9.04
11.59
4.77
4.90
—
—
0.91
6.80
34,210.0
2,666.1
525.7
270.1
4,230.7
11,909.3
5108
ICAP
2.330
-0.010
18.8
2.330
14.59
—
326.2
0800EA
0822EA
0823EA
0820EA
0826EA
0825EA
0821EA
0824EA
ABFMY1
CIMBA40
CIMBC50
FBMKLCI-EA
METFAPA
METFSID
MYETFDJ
MYETFID
1.085
1.640
1.100
1.735
0.942
0.875
1.060
1.000
-0.001
—
—
—
—
-0.004
UNCH
—
1.1
—
—
—
—
3
4
—
1.090
—
—
—
—
0.875
1.060
—
—
—
—
—
—
—
—
—
5.24
3.82
—
1.44
—
2.46
2.24
3.15
1,373.0
2.2
13.6
2.9
17.9
17.5
266.6
21.6
4952
5116
5269
5120
5127
5130
5106
5180
5121
5227
5235SS
5123
5212
5176
5111
5110
5109
AHP
ALAQAR
ALSREIT
AMFIRST
ARREIT
ATRIUM
AXREIT
CMMT
HEKTAR
IGBREIT
KLCC
MQREIT
PAVREIT
SUNREIT
TWRREIT
UOAREIT
YTLREIT
1.020
1.520
0.970
0.730
0.900
1.070
1.590
1.470
1.520
1.520
7.200
1.150
1.690
1.600
1.230
1.640
1.060
UNCH
UNCH
UNCH
0.005
UNCH
0.010
-0.020
0.020
0.010
0.010
-0.050
0.010
0.010
0.010
0.010
0.030
UNCH
10
1
0.5
89.4
61.6
24.7
46.9
187.2
147.6
1391.4
394.2
31.5
1133.7
2476
22.5
16
70
1.020
8.29
1.521 15.82
0.970 38.04
0.727
7.33
0.899
8.65
1.068
8.71
1.594 17.79
1.462 12.30
1.514 139.45
1.521 20.51
7.209 11.49
1.148 10.94
1.700 18.00
1.600
8.39
1.224 12.29
1.627
6.29
1.059 83.46
6.86
5.07
1.24
6.99
6.97
7.34
5.28
5.85
6.91
5.31
4.81
3.62
4.87
5.69
5.63
6.72
7.22
102.0
1,106.9
562.6
501.1
515.9
130.3
1,748.7
2,981.6
609.0
5,294.7
12,998.4
760.6
5,103.5
4,708.3
345.0
693.5
1,403.9
CLIQ
REACH
SONA
0.695
0.680
0.445
0.010
UNCH
0.005
1772.9
671.8
2322.7
0.691
0.680
0.444
—
—
—
—
—
—
438.5
868.9
627.8
CLOSING
(RM)
+/–
(RM)
VOL
(‘000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
0.015 16111.1
0.020 24835.4
0.005
10
Unch 9518.4
0.359
0.230
0.255
0.050
23.08
14.37
—
1.47
—
—
1.80
2.00
180.0
178.4
122.2
117.4
0.246
0.055
0.411
0.130
0.548
0.040
0.430
0.120
—
0.091
0.135
0.085
0.385
0.166
0.046
0.146
—
0.133
0.190
10.46
—
24.70
10.40
16.52
—
14.74
—
—
—
—
—
9.63
16.50
16.07
11.48
—
—
12.67
2.40
—
0.73
—
—
—
0.79
—
—
5.56
—
—
1.82
—
—
2.86
—
—
2.63
65.9
23.8
159.2
28.2
113.0
32.0
129.7
40.0
19.7
102.9
33.9
23.7
85.9
25.6
51.5
34.0
83.3
29.1
32.5
5234
5256
5241
Ace Market
YEAR
HIGH
YEAR
LOW
DAY
HIGH
CONSUMER PRODUCTS
0.450 0.225 0.370
0.295 0.095 0.240
0.429 0.240 0.255
0.075 0.045 0.055
INDUSTRIAL PRODUCTS
0.345 0.175 0.255
0.120 0.055 0.055
0.610 0.405 0.415
0.320 0.110 0.135
0.605 0.260 0.550
0.065 0.040 0.040
0.880 0.355 0.440
0.125 0.070 0.125
0.340 0.110
—
0.165 0.085 0.095
0.200 0.120 0.140
0.150 0.065 0.085
0.500 0.293 0.385
0.195 0.105 0.170
0.100 0.040 0.050
0.150 0.085 0.150
0.200 0.120
—
0.415 0.115 0.135
0.270 0.165 0.190
TECHNOLOGY
0.250 0.100 0.210
0.615 0.270 0.295
0.270 0.100 0.160
1.600 0.255 0.295
0.015 0.005
—
1.310 0.805 0.855
0.095 0.005
—
0.095 0.050
—
0.115 0.050 0.055
0.150 0.060 0.100
0.415 0.190 0.280
0.095 0.045 0.070
0.315 0.120 0.130
0.060 0.035 0.040
0.150 0.080
—
0.155 0.060 0.065
1.854 0.460 0.600
0.150 0.045 0.045
0.305 0.150 0.160
0.854 0.523
—
0.605 0.150 0.590
0.670 0.180 0.245
0.080 0.040 0.065
0.385 0.100 0.195
0.210 0.105 0.210
0.100 0.050 0.070
0.970 0.460
—
1.950 0.610 1.080
0.588 0.281 0.555
0.110 0.060
—
0.080 0.055 0.060
0.859 0.451 0.500
0.300 0.175 0.220
0.365 0.180 0.230
0.200 0.075 0.165
1.058 0.599 0.815
0.070 0.025 0.050
0.135 0.050 0.060
0.215 0.085 0.095
1.034 0.536
—
0.333 0.270 0.280
0.730 0.165 0.485
0.105 0.030 0.105
0.385 0.150 0.190
0.155 0.060 0.070
0.728 0.313 0.595
0.125 0.030
—
0.644 0.307 0.375
0.160 0.065 0.070
0.470 0.170 0.185
0.175 0.065 0.070
0.450 0.276 0.415
0.180 0.080
—
0.368 0.150 0.160
0.160 0.100 0.115
0.340 0.140 0.200
0.345 0.075 0.340
0.260 0.065 0.095
0.390 0.025 0.030
0.300 0.110 0.130
0.560 0.451 0.535
TRADING SERVICES
0.270 0.150
—
0.170 0.095 0.095
0.095 0.040 0.045
0.316 0.196 0.240
0.300 0.180 0.230
0.600 0.350 0.450
0.760 0.300 0.675
0.475 0.260 0.365
0.250 0.155 0.165
0.240 0.140 0.170
0.245 0.120 0.190
0.400 0.280
—
0.303 0.168 0.250
0.030 0.005 0.015
0.290 0.130 0.255
0.815 0.500 0.515
0.970 0.480
—
2.670 1.700 2.200
0.283 0.195 0.210
0.480 0.325 0.480
0.055 0.030
—
1.490 0.450 1.000
0.225 0.100
—
0.705 0.110 0.130
FINANCE
0.570 0.390
—
DAY
LOW
CODE
COUNTER
0.350
0.215
0.255
0.045
0179
0170
0148
0095
BIOHLDG
KANGER
SUNZEN
XINGHE
0.360
0.240
0.255
0.050
0.235
0.055
0.405
0.125
0.545
0.040
0.420
0.115
—
0.090
0.135
0.085
0.385
0.160
0.045
0.140
—
0.130
0.190
0105
0072
0163
0102
0100
0109
0175
0160
0162
0024
0025
0070
0049
0038
0133
0001
0028
0055
0084
ASIAPLY
AT
CAREPLS
CONNECT
ESCERAM
FLONIC
HHGROUP
HHHCORP
IJACOBS
JAG
LNGRES
MQTECH
OCNCASH
PTB
SANICHI
SCOMNET
SCOPE
SERSOL
TECFAST
0.250
0.055
0.410
0.130
0.550
0.040
0.420
0.120
0.145
0.090
0.140
0.085
0.385
0.170
0.045
0.140
0.150
0.135
0.190
0.010
Unch
Unch
Unch
0.005
Unch
-0.010
Unch
—
-0.005
Unch
0.005
Unch
Unch
-0.005
-0.010
—
Unch
0.005
0.200
0.285
0.135
0.280
—
0.820
—
—
0.050
0.095
0.280
0.065
0.125
0.040
—
0.065
0.590
0.045
0.150
—
0.575
0.235
0.065
0.190
0.190
0.065
—
1.050
0.530
—
0.060
0.490
0.210
0.230
0.160
0.815
0.040
0.055
0.090
—
0.280
0.465
0.075
0.185
0.065
0.550
—
0.365
0.070
0.185
0.065
0.405
—
0.155
0.115
0.185
0.330
0.090
0.025
0.125
0.530
0018
0181
0119
0068
0039
0098
0022
0152
0131
0154
0107
0116
0104
0045
0074
0174
0023
0094
0010
0146
0127
0111
0036
0176
0017
0075
0155
0126
0112
0085
0034
0113
0103
0156
0092
0108
0020
0096
0026
0035
0040
0079
0005
0123
0007
0106
0135
0178
0060
0117
0169
0093
0129
0050
0132
0120
0069
0066
0141
0086
0009
ACCSOFT
AEMULUS
APPASIA
ASDION
ASIAEP
BAHVEST
CYBERT
DGB
DGSB
EAH
EDUSPEC
FOCUS
GENETEC
GNB
GOCEAN
IDMENSN
IFCAMSC
INIX
IRIS
JFTECH
JHM
K1
KGROUP
KRONO
M3TECH
MEXTER
MGRC
MICROLN
MIKROMB
MLAB
MMAG
MMSV
MNC
MPAY
MTOUCHE
N2N
NETX
NEXGRAM
NOVAMSC
OPCOM
OPENSYS
ORION
PALETTE
PRIVA
PUC
REXIT
SCN
SEDANIA
SKH
SMRT
SMTRACK
SOLUTN
SRIDGE
SYSTECH
TDEX
VIS
VIVOCOM
VSOLAR
WINTONI
YGL
YTLE
0.205
0.295
0.155
0.290
0.010
0.855
0.005
0.050
0.050
0.100
0.280
0.065
0.125
0.040
0.080
0.065
0.590
0.045
0.155
0.595
0.585
0.245
0.065
0.195
0.205
0.070
0.610
1.070
0.540
0.075
0.060
0.490
0.220
0.230
0.165
0.815
0.050
0.060
0.095
0.615
0.280
0.465
0.100
0.190
0.070
0.585
0.045
0.375
0.070
0.185
0.070
0.410
0.105
0.160
0.115
0.200
0.335
0.095
0.030
0.130
0.530
Unch
285.3
0.010
441.9
0.015 2345.9
-0.015
67.3
—
—
0.015
89
—
—
—
—
Unch
266
Unch
989.4
Unch
247
Unch 2558.3
Unch 1084.1
0.005
396
—
—
-0.005
357
-0.005 4024.2
Unch
264.9
Unch 6269.9
—
—
0.010
816.9
Unch 1701.3
-0.005
25
Unch
339.5
0.005 6093.9
0.005
20.7
—
—
-0.010
66.2
0.010 1678.7
—
—
Unch 1533.5
-0.015
350.7
Unch
200
Unch
336.7
0.005
10852
Unch
10
0.005 6981.2
0.005
692.3
0.005 1412.1
—
—
-0.005
183.3
-0.020
2753
0.020 14813.9
0.005
157.3
Unch
501.1
0.030
560.8
—
—
Unch
184
0.005 7367.7
Unch
62.5
Unch
1270
0.010
922.8
—
—
Unch
232.5
Unch
50
0.010
485
-0.005 36292.6
Unch 4702.9
-0.005 21325.6
0.005
22.5
Unch
51.6
0.203
—
0.290 11.52
0.150
—
0.289
—
—
—
0.835 237.50
—
—
—
—
0.050 71.43
0.099
—
0.280 24.78
0.065
—
0.126
5.84
0.040 14.81
—
—
0.065
—
0.594 14.86
0.045
—
0.157
—
— 27.29
0.583 11.14
0.239
9.80
0.065
—
0.195 15.12
0.204
—
0.070
—
— 18.10
1.066 15.20
0.543 16.98
—
—
0.060
—
0.495
9.88
0.215
—
0.230
—
0.165
—
0.815 38.44
0.045
—
0.059
3.90
0.095 135.71
— 11.28
0.280 10.73
0.472
—
0.092 13.51
0.187 35.85
0.065 13.21
0.578 14.92
—
—
0.371 30.49
0.070
—
0.185
—
0.068
—
0.410 14.91
—
—
0.155 39.02
0.115
—
0.192
—
0.335 48.55
0.091
—
0.029
—
0.127
—
0.530 20.54
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
1.69
—
—
1.68
—
2.04
—
—
—
—
—
—
2.04
—
—
4.08
—
—
—
2.45
—
—
—
3.25
3.14
—
—
1.05
—
3.42
—
—
—
—
—
2.44
—
3.75
—
—
—
—
—
—
7.55
131.3
129.5
43.6
33.7
8.1
369.5
0.5
24.5
67.8
149.1
237.1
46.7
44.0
11.6
21.1
32.2
358.9
18.8
338.3
75.0
72.0
115.8
48.0
46.2
40.5
13.8
57.4
162.8
165.2
14.0
57.2
79.9
20.8
163.4
38.2
388.2
31.3
113.0
56.6
99.2
83.4
56.3
32.0
106.1
75.8
110.8
9.0
75.0
38.8
52.8
22.4
82.0
12.7
50.8
43.2
22.1
866.7
28.8
15.4
25.2
715.5
—
0.095
0.040
0.240
0.230
0.450
0.630
0.355
0.165
0.170
0.185
—
0.245
0.005
0.225
0.510
—
2.160
0.205
0.480
—
0.990
—
0.125
0122
0048
0150
0011
0157
0081
0147
0180
0167
0153
0177
0006
0171
0110
0080
0032
0173
0158
0161
0137
0140
0089
0145
0165
AIM
ANCOMLB
ASIABIO
BTECH
FOCUSP
IDEAL
INNITY
KTC
MCLEAN
OVERSEA
PASUKGB
PINEAPP
PLABS
RA
RAYA
REDTONE
REV
SCC
SCH
STEMLFE
STERPRO
TEXCYCL
TFP
XOX
0.200
0.095
0.045
0.240
0.230
0.450
0.675
0.365
0.165
0.170
0.185
0.300
0.250
0.010
0.245
0.515
0.515
2.200
0.210
0.480
0.035
1.000
0.130
0.125
—
—
Unch
83.5
Unch
1135
Unch
500
Unch
0.1
Unch
74.4
0.045
22.1
Unch
574.7
Unch
123
Unch
50
Unch
172.1
—
—
0.005
245.8
-0.005 57958.9
0.005 2285.4
Unch
28
—
—
0.140
2
0.005
821.5
Unch
25
—
—
0.010
50
—
—
-0.005
2080
—
0.095
0.045
0.240
0.230
0.450
0.643
0.360
0.165
0.170
0.185
—
0.249
0.010
0.242
0.511
—
2.180
0.209
0.480
—
0.997
—
0.129
80.00
—
—
12.90
28.75
18.22
31.84
22.12
6.57
—
71.15
—
13.44
—
—
—
31.60
14.76
26.92
—
—
22.37
50.00
10.87
—
—
—
2.63
4.35
—
—
—
—
1.76
—
—
2.80
—
—
0.39
—
2.27
7.14
6.25
—
0.50
—
—
53.2
45.0
39.0
60.5
38.0
85.2
93.4
186.6
29.5
41.7
60.0
14.6
51.7
9.7
35.1
390.0
69.3
94.1
86.6
118.8
34.6
170.8
26.7
69.6
—
0053
OSKVI
0.425
—
—
4.71
84.0
—
3688.2
172.2
552.2
596.4
185
4231
2210
4427.2
—
1931.2
65.1
295
78.3
699
1163.2
2933.7
—
2273.7
57.1
—
2 8 Markets
B U R S A M A L AY S I A E Q U I T Y D E R I VAT I V E S
Bursa Malaysia Equity Derivatives
Main Market & Ace Market Warrants
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
0.240
0.130
0.095
0.150
0.130
0.745
0.840
0.310
0.260
0.110
0.370
0.215
0.330
0.185
0.040
0.105
0.180
0.100
0.135
0.130
0.155
0.045
0.170
0.125
0.065
0.150
0.380
0.150
0.210
0.485
0.310
0.100
0.105
0.065
0.173
0.105
1.330
0.285
0.505
0.205
0.220
0.190
0.120
0.055
0.200
0.045
0.110
0.055
0.265
0.035
0.460
0.065
0.125
0.225
0.105
0.110
0.255
0.105
0.215
0.210
0.105
0.155
0.095
0.090
0.090
0.640
0.315
0.800
0.815
0.065
0.695
0.330
0.625
0.860
0.230
0.790
0.120
0.125
0.290
0.195
0.370
0.190
0.135
0.245
0.200
0.090
0.045
0.900
0.265
0.190
0.545
0.130
0.110
0.160
0.155
0.210
0.115
0.165
0.640
0.625
0.675
0.210
0.340
0.150
0.225
0.030
0.255
0.185
0.100
1.160
0.420
0.155
0.155
3.200
0.250
0.035
0.050
0.005
0.070
0.060
0.090
0.320
0.085
0.060
0.030
0.185
0.060
0.125
0.110
0.010
0.005
0.050
0.010
0.130
0.010
0.030
0.015
0.095
0.065
0.020
0.075
0.150
0.005
0.080
0.225
0.090
0.070
0.050
0.035
0.060
0.065
0.410
0.075
0.255
0.060
0.085
0.005
0.005
0.020
0.050
0.010
0.020
0.025
0.125
0.010
0.255
0.020
0.005
0.015
0.030
0.065
0.165
0.030
0.070
0.085
0.070
0.065
0.005
0.020
0.025
0.340
0.120
0.175
0.390
0.020
0.180
0.090
0.300
0.235
0.060
0.100
0.005
0.030
0.050
0.030
0.070
0.090
0.075
0.150
0.100
0.030
0.035
0.325
0.040
0.020
0.280
0.020
0.050
0.095
0.075
0.150
0.065
0.165
0.030
0.075
0.060
0.025
0.040
0.005
0.095
0.005
0.145
0.120
0.095
0.805
0.085
0.065
0.115
1.500
0.045
0.235
0.105
0.005
0.070
0.100
0.645
0.730
0.270
0.210
0.050
0.310
0.170
0.265
0.135
0.010
0.065
0.115
0.020
0.135
0.015
0.040
0.020
0.155
0.070
0.025
0.075
0.370
0.010
0.140
0.335
0.135
0.095
0.055
0.045
0.075
0.085
1.000
0.090
0.460
0.075
0.105
0.010
0.005
0.055
0.075
0.015
0.065
0.025
0.175
0.010
0.390
0.020
0.010
0.020
0.045
0.090
0.200
0.055
0.095
0.095
0.070
0.090
0.005
0.055
0.055
0.395
0.155
0.800
0.500
0.030
0.695
0.100
0.330
0.345
0.225
0.105
0.010
0.040
0.055
0.030
0.075
0.105
0.085
0.160
0.110
0.040
0.045
0.445
0.095
0.040
0.390
0.035
0.065
0.130
0.105
0.180
0.105
0.165
0.070
0.125
0.470
0.030
0.045
0.005
0.115
0.010
0.170
0.140
0.100
0.990
0.275
0.075
0.115
2.730
0.085
0.215
0.100
0.005
0.070
0.100
0.610
0.710
0.255
0.200
0.030
0.285
0.145
0.260
0.115
0.010
0.065
0.090
0.020
0.130
0.015
0.040
0.020
0.140
0.065
0.020
0.075
0.350
0.005
0.140
0.325
0.130
0.095
0.050
0.045
0.075
0.080
0.990
0.085
0.450
0.070
0.095
0.010
0.005
0.045
0.070
0.015
0.035
0.025
0.160
0.010
0.380
0.020
0.005
0.020
0.045
0.085
0.180
0.050
0.085
0.085
0.070
0.090
0.005
0.055
0.055
0.395
0.155
0.670
0.490
0.030
0.650
0.100
0.320
0.330
0.215
0.100
0.010
0.040
0.050
0.030
0.070
0.095
0.075
0.160
0.100
0.030
0.040
0.435
0.080
0.035
0.380
0.030
0.060
0.130
0.095
0.170
0.105
0.165
0.060
0.110
0.470
0.030
0.040
0.005
0.115
0.005
0.165
0.135
0.095
0.975
0.220
0.070
0.115
2.730
0.070
CODE
5238WA
0018WA
6599CE
5185CT
7315WB
509924
509926
509927
509928
509929
509930
509931
509932
509933
0159WA
9342WA
0119WA
521011
521015
5210C6
5210C8
0150WA
0105WA
6399CV
0072WA
6888C8
7078WA
4162CE
7241WA
5258WA
6998WA
5248CM
3395CZ
7187WA
7036WB
7036WC
7174WA
0163WA
7076WA
5195WA
5195WB
2852CM
2852CN
2852CP
0102WA
5214WA
0051WA
5141CV
7212WA
0152WA
7277WA
694711
6947C7
6947C9
0029WA
7114WA
5265WA
7198WB
161919
161921
5216CO
3417C4
3417CZ
0154WB
0154WC
8206WA
0107WA
0065WA
8907WC
7182WA
8877WB
7149WA
5056WA
7249WA
7047WB
65028
0650C3
65034
65038
0650C4
65044
65048
65050
65052
65054
65056
65062
65031
65037
65043
65051
65053
65055
65057
65059
65061
65063
65067
0650HV
0650HW
8605WB
5222C6
5222C8
5222C9
9318WB
0116WB
539826
539827
539828
5398WE
5226WA
471512
471514
2291WA
318224
WARRANTS
AAX-WA
ACCSOFT-WA
AEON-CE
AFFIN-CT
AHB-WB
AIRASIAC24
AIRASIAC26
AIRASIAC27
AIRASIAC28
AIRASIAC29
AIRASIAC30
AIRASIAC31
AIRASIAC32
AIRASIAC33
AMEDIA-WA
ANZO-WA
APPASIA-WA
ARMADA-C11
ARMADA-C15
ARMADA-C6
ARMADA-C8
ASIABIO-WA
ASIAPLY-WA
ASTRO-CV
AT-WA
AXIATA-C8
AZRB-WA
BAT-CE
BHS-WA
BIMB-WA
BINTAI-WA
BJAUTO-CM
BJCORP-CZ
BKOON-WA
BORNOIL-WB
BORNOIL-WC
CAB-WA
CAREPLS-WA
CBIP-WA
CENSOF-WA
CENSOF-WB
CMSB-CM
CMSB-CN
CMSB-CP
CONNECT-WA
CSL-WA
CUSCAPI-WA
DAYANG-CV
DESTINI-WA
DGB-WA
DIALOG-WA
DIGI-C11
DIGI-C7
DIGI-C9
DIGISTA-WA
DNONCE-WA
DOLPHIN-WA
DPS-WB
DRBHCOMC19
DRBHCOMC21
DSONIC-CO
E&O-C4
E&O-CZ
EAH-WB
EAH-WC
ECOWLD-WA
EDUSPEC-WA
EFORCE-WA
EG-WC
EKA-WA
EKOVEST-WB
ENGKAH-WA
ENGTEX-WA
EWEIN-WA
FAJAR-WB
FBMKLCI-C28
FBMKLCI-C3
FBMKLCI-C34
FBMKLCI-C38
FBMKLCI-C4
FBMKLCI-C44
FBMKLCI-C48
FBMKLCI-C50
FBMKLCI-C52
FBMKLCI-C54
FBMKLCI-C56
FBMKLCI-C62
FBMKLCI-H31
FBMKLCI-H37
FBMKLCI-H43
FBMKLCI-H51
FBMKLCI-H53
FBMKLCI-H55
FBMKLCI-H57
FBMKLCI-H59
FBMKLCI-H61
FBMKLCI-H63
FBMKLCI-H67
FBMKLCI-HV
FBMKLCI-HW
FFHB-WB
FGV-C6
FGV-C8
FGV-C9
FITTERS-WB
FOCUS-WB
GAMUDA-C26
GAMUDA-C27
GAMUDA-C28
GAMUDA-WE
GBGAQRS-WA
GENM-C12
GENM-C14
GENP-WA
GENTINGC24
CLOSE
(RM)
+/(RM)
0.230
0.105
0.005
0.070
0.100
0.645
0.730
0.270
0.210
0.045
0.310
0.170
0.265
0.135
0.010
0.065
0.115
0.020
0.135
0.015
0.040
0.020
0.155
0.070
0.020
0.075
0.365
0.010
0.140
0.335
0.135
0.095
0.055
0.045
0.075
0.080
1.000
0.090
0.460
0.075
0.100
0.010
0.005
0.055
0.075
0.015
0.055
0.025
0.170
0.010
0.380
0.020
0.010
0.020
0.045
0.085
0.190
0.055
0.095
0.095
0.070
0.090
0.005
0.055
0.055
0.395
0.155
0.795
0.500
0.030
0.680
0.100
0.330
0.345
0.215
0.105
0.010
0.040
0.055
0.030
0.075
0.105
0.085
0.160
0.110
0.040
0.045
0.435
0.080
0.040
0.380
0.030
0.060
0.130
0.095
0.170
0.105
0.165
0.065
0.110
0.470
0.030
0.040
0.005
0.115
0.010
0.170
0.140
0.100
0.990
0.230
0.075
0.115
2.730
0.085
0.015
Unch
Unch
-0.005
-0.005
0.030
0.010
0.030
0.030
0.005
0.025
0.020
0.015
0.015
-0.005
0.005
0.025
Unch
Unch
-0.005
Unch
Unch
0.010
Unch
-0.005
-0.005
0.015
Unch
Unch
0.005
Unch
Unch
Unch
0.005
Unch
-0.005
Unch
0.005
Unch
0.010
Unch
0.005
Unch
0.030
Unch
0.005
0.025
-0.005
Unch
-0.005
Unch
-0.005
Unch
0.005
-0.005
Unch
0.020
Unch
-0.005
0.005
-0.005
0.010
-0.005
-0.005
Unch
Unch
0.005
0.140
0.010
Unch
0.025
Unch
Unch
Unch
0.005
-0.015
-0.005
Unch
Unch
Unch
-0.020
-0.005
Unch
Unch
Unch
0.005
0.005
0.020
Unch
Unch
0.010
-0.010
0.010
Unch
-0.005
-0.010
Unch
0.015
Unch
-0.005
-0.005
Unch
-0.010
Unch
Unch
0.005
-0.005
Unch
-0.050
Unch
-0.035
Unch
Unch
Unch
-0.005
VOL PARENT
EXE
(‘000)
PRICE PRICE
49081.7
731.1
912.8
93.1
28
79
779.4
77.6
70
5998.2
330
12151.7
350
840.9
0.6
160.1
453.2
1365.1
30
368.7
190
190
4253.2
581
300
80
1377.6
191
30
488.3
150.6
50
725.2
100
130
2260.1
50.6
152.5
15.7
182.9
357.1
100.2
3569
170
20.1
60
8137.2
40
3779.5
100
452.2
30
800.3
855
170
1856
2241
152.1
2067
1378.5
130
25
410
64.9
483.5
75.8
10
18415.2
217.3
2379.8
1527.8
0.6
673.7
422.3
7055.3
1282.2
181
833
70
130
161
3156.2
3008
62.5
1064
520.1
515.1
2000
6015.8
1432.2
4050.5
1527.2
60
5
835
67.2
160
20
1389.5
4706.7
77.5
360
205
40
20.4
2100
79.1
200
12
3556.8
21093.1
150
630
1.1
646.5
0.360
0.205
2.780
2.260
0.200
2.020
2.020
2.020
2.020
2.020
2.020
2.020
2.020
2.020
0.085
0.255
0.155
0.785
0.785
0.785
0.785
0.045
0.250
2.680
0.055
5.490
0.740
47.00
0.430
3.930
0.245
2.290
0.370
0.110
0.145
0.145
1.590
0.410
2.230
0.255
0.255
3.970
3.970
3.970
0.130
0.090
0.125
1.220
0.600
0.050
1.580
4.400
4.400
4.400
0.160
0.225
0.690
0.105
0.970
0.970
1.230
1.610
1.610
0.100
0.100
1.280
0.280
1.450
0.845
0.120
1.560
2.100
1.160
0.925
0.610
1,649
1,649
1,649
1,649
1,649
1,649
1,649
1,649
1,649
1,649
1,649
1,649
1,649
1,649
1,649
1,649
1,649
1,649
1,649
1,649
1,649
1,649
1,649
1,649
1,649
1.020
1.430
1.430
1.430
0.455
0.065
4.730
4.730
4.730
4.730
0.950
4.390
4.390
10.540
8.500
0.460
0.100
3.150
2.400
0.200
1.050
0.900
1.280
1.480
2.000
2.000
1.500
1.500
2.100
1.100
0.250
0.130
1.000
0.800
1.000
0.880
0.100
0.100
3.000
0.120
5.850
0.700
57.00
0.600
4.720
0.200
2.100
0.370
0.200
0.100
0.100
0.550
0.320
2.400
0.460
0.460
5.200
5.000
5.560
0.100
1.150
0.270
1.780
0.400
0.110
1.190
5.400
5.000
5.100
0.130
0.250
0.800
0.100
1.000
0.950
1.550
1.500
1.814
0.120
0.100
2.080
0.180
0.680
0.500
0.200
1.350
3.500
0.830
0.610
0.700
1,670
1,708
1,660
1,690
1,700
1,720
1,600
1,650
1,570
1,595
1,710
1,700
1,710
1,680
1,600
1,680
1,570
1,530
1,610
1,650
1,710
1,610
1,700
1,658
1,700
0.500
1.500
1.500
1.900
1.000
0.050
4.500
5.000
5.000
4.050
1.300
4.250
4.500
7.750
8.000
PR’M
(%)
91.67
0.00
13.85
9.29
50.00
-0.12
-1.24
3.47
4.46
4.58
29.70
2.03
7.05
20.67
1,206
23.53
58.06
32.48
19.11
31.21
24.84
166.67
2.00
17.16
154.55
10.66
43.92
22.34
72.09
28.63
36.73
8.30
14.86
122.73
20.69
24.14
-2.52
0.00
28.25
109.80
119.61
32.75
26.95
48.36
34.62
1,194
160.00
53.07
-5.00
140.00
-0.63
24.55
15.45
17.05
9.37
48.89
43.48
47.62
12.89
12.63
40.24
9.94
13.57
75.00
55.00
93.36
19.64
1.72
18.34
91.67
30.13
71.43
0.00
3.24
50.00
2.84
4.46
2.34
4.13
4.28
5.65
1.46
3.65
1.98
1.37
5.38
4.98
10.27
5.26
-1.29
8.77
-3.54
-4.69
3.14
4.07
10.89
2.07
10.07
3.73
7.52
-4.90
11.19
10.49
34.06
145.05
-7.69
5.92
17.55
20.51
6.55
61.05
1.94
12.98
-0.57
2.12
EXPIRY
DATE
08/06/2020
18/01/2019
30/06/2016
30/09/2016
28/08/2019
31/05/2016
18/07/2016
28/10/2016
28/10/2016
31/05/2016
31/01/2017
15/08/2016
30/09/2016
28/10/2016
02/01/2018
19/11/2019
23/12/2024
07/10/2016
28/02/2017
30/08/2016
28/11/2016
19/04/2024
13/12/2020
31/01/2017
29/01/2019
31/01/2017
13/05/2024
29/07/2016
18/10/2020
04/12/2023
15/06/2020
28/11/2016
31/10/2016
07/07/2023
28/02/2018
08/11/2025
08/02/2020
09/08/2016
06/11/2019
18/07/2017
07/10/2019
08/06/2016
08/06/2016
20/10/2016
17/09/2021
18/09/2017
24/04/2018
28/11/2016
03/10/2016
22/04/2018
10/02/2017
28/10/2016
18/07/2016
30/09/2016
07/02/2017
25/11/2020
29/03/2021
15/01/2025
30/11/2016
15/12/2016
28/10/2016
23/11/2016
08/06/2016
24/02/2019
18/06/2019
26/03/2022
24/12/2018
17/07/2019
03/11/2020
22/01/2019
25/06/2019
25/09/2017
25/10/2017
09/06/2017
24/09/2019
31/05/2016
30/06/2016
30/06/2016
30/06/2016
29/07/2016
29/07/2016
30/08/2016
30/08/2016
30/08/2016
30/09/2016
31/10/2016
30/11/2016
31/05/2016
30/06/2016
29/07/2016
29/07/2016
30/08/2016
30/08/2016
30/08/2016
30/09/2016
31/10/2016
31/10/2016
30/11/2016
30/06/2016
29/07/2016
30/03/2017
29/07/2016
18/07/2016
31/05/2016
12/10/2019
06/06/2016
30/11/2016
30/11/2016
26/01/2017
06/03/2021
20/07/2018
31/05/2016
28/10/2016
17/06/2019
08/06/2016
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
0.580
0.505
0.220
0.220
2.380
0.165
0.265
0.055
0.090
0.710
6.200
0.460
0.120
1.510
0.255
0.880
0.345
0.550
0.840
1.210
0.630
1.000
1.490
1.180
2.000
0.550
0.920
1.350
0.540
0.835
1.310
1.650
0.735
0.560
0.845
1.250
0.740
1.520
0.230
0.010
0.030
0.235
0.105
0.170
0.435
0.270
0.075
0.110
2.320
0.040
0.365
0.155
0.225
0.155
0.090
0.935
0.370
0.115
0.265
0.080
0.125
3.000
1.210
0.300
0.030
0.865
0.175
0.220
0.585
0.700
1.140
0.700
0.450
0.055
0.470
0.372
0.220
0.175
0.105
0.185
0.055
0.175
0.170
0.025
0.105
0.330
0.235
0.095
0.320
1.110
0.405
0.455
0.400
0.485
0.225
0.080
0.150
0.780
0.575
1.260
0.360
0.240
0.530
0.240
0.030
0.035
0.090
0.465
0.470
0.360
0.180
0.100
0.080
0.240
0.195
0.470
0.085
0.165
0.100
0.185
0.065
0.090
0.115
0.530
0.065
0.125
0.025
0.010
0.145
2.520
0.305
0.015
0.625
0.025
0.370
0.220
0.020
0.130
0.240
0.250
0.490
0.780
0.650
1.560
0.275
0.510
0.875
0.275
0.470
0.310
0.580
0.190
0.330
0.500
0.775
0.630
1.180
0.075
0.005
0.020
0.160
0.100
0.130
0.085
0.015
0.035
0.050
0.813
0.015
0.150
0.075
0.065
0.030
0.035
0.120
0.105
0.055
0.100
0.045
0.080
0.850
0.350
0.035
0.010
0.260
0.065
0.090
0.130
0.470
0.410
0.300
0.215
0.025
0.240
0.130
0.100
0.005
0.060
0.110
0.055
0.065
0.040
0.005
0.040
0.180
0.140
0.065
0.155
0.230
0.130
0.305
0.110
0.210
0.115
0.080
0.085
0.280
0.235
0.500
0.115
0.025
0.020
0.075
0.005
0.010
0.020
0.120
0.215
0.120
0.050
0.035
0.020
0.150
0.100
0.255
0.010
0.005
0.010
0.330
0.225
0.135
0.120
1.650
0.150
0.175
0.025
0.020
0.655
5.950
0.315
0.015
0.990
0.255
0.430
0.235
0.040
0.170
0.275
0.325
0.610
0.955
0.750
1.720
0.320
0.545
0.970
0.305
0.505
0.560
0.985
0.330
0.535
0.810
1.180
0.740
1.520
0.100
0.005
0.025
0.175
0.105
0.135
0.120
0.020
0.045
0.065
1.270
0.020
0.180
0.075
0.080
0.045
0.035
0.310
0.170
0.055
0.105
0.045
0.105
2.110
1.210
0.060
0.015
0.750
0.085
0.135
0.295
0.570
0.420
0.570
0.400
0.025
0.265
0.210
0.145
0.005
0.065
0.130
0.055
0.065
0.045
0.005
0.060
0.195
0.165
0.065
0.230
0.250
0.320
0.405
0.125
0.310
0.140
0.080
0.090
0.630
0.500
0.970
0.250
0.095
0.205
0.140
0.005
0.025
0.060
0.305
0.250
0.165
0.055
0.040
0.050
0.200
0.140
0.295
0.085
0.005
0.015
0.305
0.210
0.120
0.115
1.560
0.150
0.170
0.025
0.015
0.655
5.930
0.305
0.015
0.975
0.230
0.405
0.230
0.020
0.145
0.240
0.250
0.500
0.880
0.675
1.680
0.275
0.510
0.875
0.275
0.470
0.505
0.985
0.295
0.535
0.780
1.130
0.740
1.520
0.085
0.005
0.025
0.175
0.105
0.130
0.120
0.020
0.045
0.065
1.230
0.020
0.180
0.075
0.065
0.040
0.035
0.310
0.160
0.055
0.100
0.045
0.080
2.070
1.100
0.035
0.015
0.730
0.080
0.130
0.270
0.570
0.410
0.560
0.400
0.025
0.265
0.205
0.145
0.005
0.065
0.130
0.055
0.065
0.040
0.005
0.050
0.190
0.145
0.065
0.210
0.230
0.305
0.405
0.125
0.275
0.115
0.080
0.085
0.620
0.490
0.970
0.235
0.085
0.205
0.135
0.005
0.020
0.055
0.305
0.240
0.155
0.055
0.035
0.045
0.195
0.140
0.290
0.055
0.005
0.015
CODE
318225
318227
318228
318229
3182WA
70010
1147WA
7096WA
7022CG
3034CN
3034WA
2062WC
5168CS
5095WB
5072WA
5169WA
7213WB
65118
65119
65120
65121
65122
65123
65124
65128
65130
65132
65134
65136
65138
65125
65127
65129
65135
65137
65139
65141
65145
6238CD
7013WB
9601WD
9687WB
5225CZ
3336CZ
0166CJ
0166CN
0166CP
0166CQ
0166WB
0094WA
3379WB
196111
1961C9
5175WA
0024WA
7167WA
4383CE
4383CG
5247CK
5247CN
5247CP
7216WA
7161WA
3565WE
0036WA
5171WA
7164WA
7164WB
7017WB
5878WB
5038WA
5789WA
5789WB
5068WA
7617WB
8583WB
8583WC
5264CG
5264CL
5264CN
6012CR
6012CS
6012CT
5189WA
115517
115518
115519
115521
5152WA
1171WA
1694WB
3069WA
3662WB
5186CY
5186CZ
3816C4
3816C5
9571WC
9571WD
6114WB
7595WA
2194C1
1651C6
1651WA
5150WA
0092WA
0092WB
0138CN
0138CP
0138CT
0138CU
0138CW
7139WA
0172WA
7071WB
5053WC
0005WA
5657CP
1295C4
WARRANTS
GENTINGC25
GENTINGC27
GENTINGC28
GENTINGC29
GENTING-WA
GLD-C10
GOB-WA
GPA-WA
GTRONIC-CG
HAPSENG-CN
HAPSENG-WA
HARBOUR-WC
HARTA-CS
HEVEA-WB
HIAPTEK-WA
HOHUP-WA
HOVID-WB
HSI-C18
HSI-C19
HSI-C20
HSI-C21
HSI-C22
HSI-C23
HSI-C24
HSI-C28
HSI-C30
HSI-C32
HSI-C34
HSI-C36
HSI-C38
HSI-H25
HSI-H27
HSI-H29
HSI-H35
HSI-H37
HSI-H39
HSI-H41
HSI-H45
HSL-CD
HUBLINE-WB
HWGB-WD
IDEALUBB-WB
IHH-CZ
IJM-CZ
INARI-CJ
INARI-CN
INARI-CP
INARI-CQ
INARI-WB
INIX-WA
INSAS-WB
IOICORP-C11
IOICORP-C9
IVORY-WA
JAG-WA
JOHOTIN-WA
JTIASA-CE
JTIASA-CG
KAREX-CK
KAREX-CN
KAREX-CP
KAWAN-WA
KERJAYA-WA
KEURO-WE
KGROUP-WA
KIMLUN-WA
KNM-WA
KNM-WB
KOMARK-WB
KPJ-WB
KSL-WA
LBS-WA
LBS-WB
LUSTER-WA
MAGNA-WB
MAHSING-WB
MAHSING-WC
MALAKOF-CG
MALAKOF-CL
MALAKOF-CN
MAXIS-CR
MAXIS-CS
MAXIS-CT
MAXWELL-WA
MAYBANKC17
MAYBANKC18
MAYBANKC19
MAYBANKC21
MBL-WA
MBSB-WA
MENANG-WB
MFCB-WA
MFLOUR-WB
MHB-CY
MHB-CZ
MISC-C4
MISC-C5
MITRA-WC
MITRA-WD
MKH-WB
MLGLOBAL-WA
MMCCORP-C1
MRCB-C6
MRCB-WA
MSPORTS-WA
MTOUCHE-WA
MTOUCHE-WB
MYEG-CN
MYEG-CP
MYEG-CT
MYEG-CU
MYEG-CW
NICE-WA
OCK-WA
OCR-WB
OSK-WC
PALETTE-WA
PARKSON-CP
PBBANK-C4
CLOSE
(RM)
+/(RM)
0.330
0.225
0.135
0.120
1.640
0.150
0.170
0.025
0.015
0.655
5.930
0.315
0.015
0.985
0.240
0.430
0.235
0.025
0.160
0.250
0.260
0.515
0.880
0.680
1.680
0.280
0.510
0.880
0.275
0.470
0.555
0.985
0.325
0.535
0.810
1.180
0.740
1.520
0.095
0.005
0.025
0.175
0.105
0.135
0.120
0.020
0.045
0.065
1.230
0.020
0.180
0.075
0.075
0.045
0.035
0.310
0.165
0.055
0.100
0.045
0.105
2.070
1.160
0.060
0.015
0.745
0.080
0.130
0.275
0.570
0.420
0.570
0.400
0.025
0.265
0.210
0.145
0.005
0.065
0.130
0.055
0.065
0.045
0.005
0.060
0.195
0.165
0.065
0.230
0.240
0.305
0.405
0.125
0.305
0.135
0.080
0.085
0.630
0.495
0.970
0.250
0.095
0.205
0.135
0.005
0.020
0.055
0.305
0.250
0.160
0.055
0.040
0.050
0.195
0.140
0.290
0.080
0.005
0.015
-0.010
-0.010
Unch
0.005
0.020
Unch
-0.005
Unch
-0.005
Unch
Unch
Unch
-0.005
-0.005
Unch
0.010
Unch
-0.025
-0.010
-0.040
-0.075
-0.090
-0.150
-0.100
-0.160
-0.055
-0.080
-0.115
-0.050
-0.090
0.065
0.155
0.040
0.040
0.265
0.080
0.015
0.030
0.010
Unch
0.005
-0.005
Unch
Unch
-0.005
Unch
0.010
0.010
-0.020
0.005
0.005
Unch
Unch
0.005
-0.005
Unch
0.005
-0.005
-0.005
-0.005
0.015
-0.100
0.040
Unch
Unch
0.005
-0.005
-0.005
-0.025
-0.030
Unch
0.005
0.005
-0.005
Unch
-0.005
0.005
Unch
0.005
Unch
-0.095
-0.040
-0.005
Unch
0.010
0.015
0.025
-0.015
0.015
-0.005
-0.010
Unch
-0.005
0.030
0.010
-0.070
Unch
0.010
Unch
0.005
-0.025
0.010
-0.010
Unch
Unch
-0.005
-0.020
0.015
0.005
0.010
Unch
0.005
Unch
-0.005
0.005
Unch
0.030
Unch
Unch
VOL PARENT
EXE
(‘000)
PRICE PRICE
3460.8
245
1993.1
20
4173.9
140
149
22
2195
1
8.8
38.1
300
106.4
5166.2
47
491.2
4612.5
2265
7515.9
4823.5
982
47.1
71
7
1484
144
32.5
450
105
48
10.5
285.9
2
2.6
57.3
5
10
5986.8
400
231.1
5
120
400
10
323.6
177.1
20
339.9
480
41.6
200
840
196.1
25
23
760
200
100
40
1550.1
7.5
211.6
86.1
55
851.6
552.2
204
258.1
14
16
0.3
42
70
15
302.9
40
10
110
50
520
300
325
670
650
105
660
49
27.1
448.4
247.7
13
72.7
70
1190
500
15
121.6
43.4
21
56.5
741.4
25
727.8
346.2
30
50
20
394
604
100
1003.1
685.5
5854.4
711.9
77.8
16832.4
471.3
609
8.500
8.500
8.500
8.500
8.500
488.94
0.495
0.080
3.420
7.670
7.670
1.160
3.920
1.250
0.480
0.855
0.415
10,377
10,377
10,377
10,377
10,377
10,377
10,377
10,377
10,377
10,377
10,377
10,377
10,377
10,377
10,377
10,377
10,377
10,377
10,377
10,377
10,377
1.820
0.010
0.055
0.765
6.540
3.460
2.840
2.840
2.840
2.840
2.840
0.045
0.685
4.300
4.300
0.365
0.090
1.770
1.380
1.380
2.420
2.420
2.420
3.220
1.950
0.910
0.065
1.790
0.465
0.465
0.455
4.190
1.200
1.590
1.590
0.065
1.010
1.460
1.460
1.640
1.640
1.640
5.540
5.540
5.540
0.020
8.670
8.670
8.670
8.670
0.785
1.290
0.915
1.720
1.220
1.120
1.120
8.340
8.340
1.250
1.250
2.510
0.555
2.100
1.210
1.210
0.030
0.165
0.165
1.970
1.970
1.970
1.970
1.970
0.125
0.830
0.495
1.600
0.100
0.895
18.960
7.000
7.400
7.800
9.300
7.960
461.00
0.800
0.100
6.300
5.000
1.650
1.560
6.000
0.250
0.690
0.600
0.180
24,200
22,800
21,400
22,000
20,600
19,200
20,200
17,400
22,400
21,000
19,600
23,200
21,800
19,000
20,400
17,000
17,800
19,200
20,600
18,600
21,400
2.000
0.010
0.180
1.000
6.670
3.700
2.640
3.200
3.700
3.500
1.600
0.100
1.000
5.000
4.700
0.750
0.100
2.280
1.100
1.750
2.300
3.053
2.533
0.930
0.880
1.180
0.100
1.680
0.980
1.000
0.300
4.010
0.800
1.000
1.250
0.100
0.900
1.440
2.100
2.000
1.650
1.600
6.700
6.300
6.300
0.400
8.200
8.350
8.600
9.000
0.800
1.000
1.000
2.220
2.060
0.900
1.000
9.500
8.600
0.600
1.090
1.890
0.500
2.100
1.000
2.300
0.180
0.890
0.270
1.225
1.500
1.775
2.300
2.350
0.160
0.710
0.350
1.800
0.040
1.000
19.300
PR’M
(%)
1.76
0.29
10.82
21.41
12.94
5.33
95.96
56.25
86.84
-0.65
-1.17
61.64
56.12
-1.20
93.75
20.47
0.00
133.41
121.09
108.38
114.25
102.98
92.65
100.56
82.24
118.28
106.78
96.50
125.95
114.15
87.90
105.12
66.63
76.17
92.04
108.74
85.65
119.40
17.72
50.00
272.73
53.59
8.41
14.74
6.48
15.49
36.62
32.39
-0.35
166.67
72.26
25.00
15.41
117.81
50.00
46.33
3.62
43.55
11.57
33.61
22.04
-6.83
4.62
36.26
76.92
35.47
127.96
143.01
26.37
9.31
1.67
-1.26
3.77
92.31
15.35
13.01
53.77
22.26
12.50
9.45
25.90
20.64
16.16
1,925
1.50
4.18
3.95
10.55
31.21
-3.88
42.62
52.62
79.10
7.59
13.39
20.62
9.23
-1.60
26.80
13.94
35.14
9.05
-0.41
101.24
516.67
451.52
96.97
0.89
1.52
6.35
25.13
28.43
68.00
9.04
-1.01
30.63
20.00
12.57
2.58
EXPIRY
DATE
18/07/2016
31/05/2016
23/11/2016
30/11/2016
18/12/2018
29/09/2016
24/12/2019
03/06/2025
30/09/2016
30/08/2016
09/08/2016
03/04/2021
31/01/2017
28/02/2020
09/01/2017
21/12/2018
05/06/2018
29/06/2016
29/06/2016
29/06/2016
28/07/2016
28/07/2016
28/07/2016
30/08/2016
30/08/2016
29/09/2016
29/09/2016
29/09/2016
28/10/2016
28/10/2016
28/07/2016
28/07/2016
30/08/2016
29/09/2016
29/09/2016
29/09/2016
28/10/2016
28/10/2016
11/11/2016
20/12/2020
15/03/2021
30/03/2021
28/02/2017
28/10/2016
18/07/2016
31/05/2016
30/09/2016
28/10/2016
17/02/2020
16/11/2020
25/02/2020
30/11/2016
30/12/2016
26/04/2017
14/08/2019
21/11/2017
18/07/2016
15/08/2016
28/10/2016
31/01/2017
23/11/2016
28/07/2016
20/12/2017
26/08/2016
02/07/2018
12/03/2024
15/11/2017
21/04/2020
21/01/2020
23/01/2019
19/08/2016
11/06/2018
04/10/2020
03/06/2022
04/09/2020
16/03/2018
21/02/2020
30/06/2016
29/07/2016
30/12/2016
30/09/2016
30/08/2016
30/12/2016
24/03/2020
18/07/2016
15/08/2016
30/12/2016
11/10/2016
28/11/2022
31/05/2016
09/07/2019
08/04/2020
09/05/2017
30/11/2016
15/12/2016
28/10/2016
30/12/2016
04/07/2016
23/08/2020
29/12/2017
27/10/2019
30/09/2016
08/06/2016
14/09/2018
09/11/2017
17/01/2018
16/03/2020
30/08/2016
10/08/2016
30/09/2016
29/07/2016
23/11/2016
09/08/2017
15/12/2020
02/09/2016
22/07/2020
20/03/2018
31/05/2016
30/06/2016
Markets 2 9
B U R S A M A L AY S I A E Q U I T Y D E R I VAT I V E S
Wall Street ahead — Wall Street ends up the US Federal Reserve will raise rates in
after jobs report, S&P down for second
June. Most now see the US central bank’s
week
next rate hike coming in September.
The Dow Jones Industrial Average endNEW YORK: US stocks rebounded from ed up 79.92 points or 0.45% to 17,740.63;
early losses to close higher last Friday as the S&P 500 gained 6.51 points or 0.32%
investors viewed the day’s jobs data as to 2,057.14; and the Nasdaq Composite
less disappointing than first thought.
added 19.06 points or 0.4% to 4,736.16.
Materials, industrials and discretionMixed economic data and slowing global
ary shares were among the day’s biggest growth have weakened investors’ appetite
gainers, with the S&P materials index up for risk last week.
0.8% and gold gaining for the day.
The Dow and S&P 500 posted a secIn the US Labor Department report, ond straight week of losses, their first two
non-farm payrolls increased less than weeks of declines since February, while
economists expected, and April’s job gains the Nasdaq registered a third straight week
were the smallest since September.
of losses.
But the report also had some upbeat
For the week, the Dow ended down
news, with both average hourly earnings 0.2%, the S&P 500 fell 0.4% and the Nasand the average work week rising, and an- daq declined 0.8%. The S&P 500 is up
alysts said the overall slowdown in hiring 0.6% for the year so far.
may temper expectations for US interest
The healthcare sector had among the
rate hikes.
day’s biggest declines, with Endo Interna“I know there was a knee-jerk reaction tional slumping 39.2% to US$16.17 after
where the equity market went down, but it the drugmaker slashed its 2016 revenue
didn’t take long for cooler heads to prevail and profit forecasts.
and recognise this is still a reasonably good
The Nasdaq Biotech Index dropped
number,” said Eric Kuby, chief investment 1.3%, while the S&P health sector was
officer, North Star Investment Management down 0.6%.
Corp in Chicago.
Also, shares of Square Inc, the mobile
“The economy is still ok, but there are payments company, fell 21.7% to US$10.22,
no pressures [that] maybe a rate increase a day after it reported a bigger-than-exis on the table earlier,” he added.
pected quarterly loss.
A Reuters survey following the jobs reThe stock market could get a boost from
port showed Wall Street’s top banks have consumer names reporting this week. With
all but abandoned any expectation that first-quarter earnings near an end, con-
Euro STOXX 50 Index
Dow Jones
SINGAPORE: Singapore stocks fell for a
tenth straight session last Friday, its longest spell of losses in nearly 14 years, a
day after a report from Moody’s Investors
Service reinforced a gloomy ratings outlook for the city-state’s banks.
Other Southeast Asian markets ended
mixed as cautious investors awaited direction from US payrolls data while concerns
over global economic growth persisted in
the wake of weak data from China.
Singapore’s Straights Times Index ended down 1.34% to its lowest close since
March 2, Thomson Reuters data showed.
It fell for the tenth straight session last Friday, its longest falling streak since August
16310
3415
Index points
3600
-3.51
(-0.12%)
3300
to September 2002, data showed.
Moody’s last Thursday said March quarter results of three large Singapore banks
point to rising challenges and support the
negative outlook on their ratings.
DBS Group Holdings, Singapore’s biggest lender which posted a 6% rise in net
profit last Tuesday, fell 0.9%, Oversea-Chinese Banking Corp closed 1.7% down,
while United Overseas Bank lost 1.3%.
“Investors are awaiting the announcement of the non-farm payrolls report later
last Friday,” Singapore-based NetResearch
Asia said in a note.
The number of Americans filing for
unemployment benefits rose more than
expected previous week, posting the biggest gain in more than a year, although its
four-week average, often seen as a better
gauge of the underlying trend, still stood
near a four-decade low.
Investors are already concerned over
the slower pace of expansion last month
in China’s services sector, compared with
March, which added to worries over China’s disappointing manufacturing data
and downgrades on growth and inflation
forecast by the European Commission.
Last Friday, the Philippine Stock Index
fell 0.1% while the Vietnam’s VN Index
closed up 0.8%, boosted by financials on
upbeat earnings. The Malaysia stocks recovered to close 0.3% higher.
Markets in Indonesia and Thailand were
closed last Friday for a holiday. — Reuters
Shanghai Composite
FT Straits Times
2,936.84
3900
18580
-84.59
(-2.82%)
2,774.06
4825
3850
3000
3,087.842
17,740.63
+79.92
(+0.45%)
11770
9500
Mar 1, 2010
May 6, 2016
2445
2700
1960
2400
Mar 1, 2010
May 6, 2016
Bursa Malaysia Equity Derivatives
Main Market & Ace Market Warrants
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
0.190
0.385
0.260
0.120
0.310
0.405
0.310
0.130
0.120
0.600
0.145
0.775
0.210
2.080
1.110
0.280
0.130
0.150
0.435
0.135
0.035
0.180
0.110
0.015
0.085
0.150
0.115
0.065
0.055
0.150
0.530
0.320
0.465
0.200
0.050
0.160
0.325
0.275
0.140
1.050
0.280
0.265
0.230
0.140
0.140
0.235
0.075
0.135
0.030
0.050
0.130
0.120
0.055
0.005
0.080
0.330
0.005
0.235
0.105
0.705
0.645
0.020
0.085
0.025
0.160
0.055
0.015
0.005
0.005
0.005
0.025
0.015
0.070
0.020
0.010
0.080
0.090
0.080
0.310
0.070
0.005
0.015
0.010
0.070
0.020
0.300
0.055
0.145
0.065
0.055
0.040
0.110
0.145
0.145
0.060
0.050
0.235
0.140
0.055
0.005
0.080
0.385
0.140
0.770
0.200
1.950
0.705
0.145
0.100
0.030
0.405
0.065
0.025
0.005
0.005
0.005
0.030
0.055
0.085
0.020
0.015
0.110
0.250
0.110
0.380
0.105
0.010
0.020
0.015
0.080
0.020
0.750
0.065
0.145
0.165
0.070
0.050
0.175
0.130
0.135
0.030
0.050
0.230
0.135
0.055
0.005
0.080
0.380
0.130
0.755
0.200
1.900
0.695
0.130
0.100
0.025
0.395
0.065
0.020
0.005
0.005
0.005
0.025
0.030
0.080
0.020
0.015
0.090
0.245
0.095
0.340
0.095
0.010
0.015
0.010
0.075
0.020
0.750
0.065
0.145
0.165
0.070
0.045
0.165
CODE
1295C6
5183C1
5183C4
5183C6
9997WB
8311WC
5681CP
6033CM
3042CA
1945WC
8869CL
8869CN
8869CO
8869WC
7088WB
4634CV
4634CW
5204CA
7168WA
7145WA
0007WB
6807CH
6807CI
0110WA
5256WA
7232WA
5270WA
0133WB
0133WC
5157WA
7073WA
0055WA
7246WA
4197C3
0060WA
521815
521816
521817
521824
7155WA
0117WA
5126CD
7143WA
1201WA
1201WB
5263CC
WARRANTS
PBBANK-C6
PCHEM-C1
PCHEM-C4
PCHEM-C6
PENSONI-WB
PESONA-WC
PETDAG-CP
PETGAS-CM
PETRONM-CA
PJDEV-WC
PMETAL-CL
PMETAL-CN
PMETAL-CO
PMETAL-WC
POHUAT-WB
POS-CV
POS-CW
PRESBHD-CA
PRG-WA
PSIPTEK-WA
PUC-WB
PUNCAK-CH
PUNCAK-CI
RA-WA
REACH-WA
RESINTC-WA
RSENA-WA
SANICHI-WB
SANICHI-WC
SAUDEE-WA
SEACERA-WA
SERSOL-WA
SIGN-WA
SIME-C3
SKH-WA
SKPETROC15
SKPETROC16
SKPETROC17
SKPETROC24
SKPRES-WA
SMRT-WA
SOP-CD
STONE-WA
SUMATEC-WA
SUMATEC-WB
SUNCON-CC
CLOSE
(RM)
+/(RM)
0.145
0.140
0.050
0.050
0.235
0.140
0.055
0.005
0.080
0.385
0.140
0.770
0.200
1.950
0.700
0.140
0.100
0.025
0.395
0.065
0.025
0.005
0.005
0.005
0.030
0.045
0.085
0.020
0.015
0.090
0.250
0.110
0.370
0.100
0.010
0.020
0.015
0.075
0.020
0.750
0.065
0.145
0.165
0.070
0.050
0.170
0.020
-0.065
-0.050
-0.065
-0.015
0.005
-0.010
-0.005
Unch
0.005
-0.005
0.005
-0.010
0.030
0.005
0.005
Unch
-0.015
-0.010
Unch
Unch
Unch
Unch
Unch
0.005
0.015
0.005
Unch
Unch
Unch
0.005
0.005
0.030
-0.005
Unch
0.005
Unch
-0.005
Unch
Unch
Unch
-0.015
Unch
Unch
-0.005
-0.005
Index points
2,913.25
5800
2,772.70
2930
10,403.79
Global markets — Southeast Asian
stocks end mixed, Singapore falls for
10th straight session
Index points
Index points
14040
sumer discretionary components are the
only sector showing double-digit earnings
growth from a year ago.
About 7.1 billion shares changed hands
on US exchanges, compared with the 7.2
billion daily average for the past 20 trading
days, according to Thomson Reuters data.
Advancing issues outnumbered declining ones on the New York Stock Exchange
by 1,922 to 1,051; on the Nasdaq, 1,538
issues rose and 1,248 fell.
The S&P 500 posted 16 new 52-week
highs and 12 new lows; the Nasdaq recorded 32 new highs and 82 new lows.
VOL PARENT
EXE
(‘000)
PRICE PRICE
188.9
1535
885
50
154
228
53.4
709.5
150
239
889.7
144.8
100
130.2
131.5
9001.5
279.9
51.7
325.8
50
1213.1
240
200
1432.2
2309.9
250.7
10549
150
1050
974.8
129.5
1009.7
2079.8
628
675
965.1
1617.2
568.5
510
81.4
20
20
30
18.7
603.1
130
PR’M
(%)
18.960 18.000
1.05
6.410 6.000
4.52
6.410 6.250
0.62
6.410 6.900
11.54
0.610 0.600
36.89
0.375 0.250
4.00
23.400 23.000
1.11
21.600 24.000
11.34
5.400 6.000
28.89
1.380 1.000
0.36
3.130 2.500
2.24
3.130 1.600
0.32
3.130 2.700
11.82
3.130 1.100
-2.56
1.530 1.000
11.11
2.810 2.770
8.54
2.810 3.000
19.22
2.490 2.680
12.65
1.100 0.750
4.09
0.115 0.100
43.48
0.070 0.100
78.57
1.170 1.767
51.82
1.170 2.019
73.58
0.010 0.170
1,650
0.680 0.750
14.71
0.385 0.500
41.56
0.410 0.500
42.68
0.045 0.100 166.67
0.045 0.100 155.56
0.305 0.500
93.44
0.865 1.000
44.51
0.135 0.180 114.81
1.040 0.970
28.85
7.610 7.900
9.07
0.070 0.100
57.14
1.610 2.200
40.99
1.610 1.800
13.66
1.610 1.700
17.24
1.610 2.100
34.78
1.310 0.550
-0.76
0.185 0.180
32.43
4.380 4.000
4.57
0.365 0.300
27.40
0.115 0.320 239.13
0.115 0.175
95.65
1.570 1.450
8.60
EXPIRY
DATE
30/09/2016
18/07/2016
31/05/2016
30/11/2016
20/01/2024
27/01/2020
30/06/2016
30/06/2016
15/12/2016
04/12/2020
08/06/2016
18/07/2016
15/12/2016
22/08/2019
21/10/2020
31/10/2016
11/10/2016
30/06/2016
06/07/2019
16/11/2019
15/02/2019
18/07/2016
31/05/2016
22/03/2017
12/08/2022
29/09/2016
01/12/2023
13/03/2018
24/09/2019
31/03/2021
16/05/2017
18/04/2023
21/04/2021
30/09/2016
16/01/2017
30/08/2016
31/05/2016
30/09/2016
30/08/2016
27/06/2017
01/08/2017
18/07/2016
21/06/2020
03/03/2021
13/11/2018
28/10/2016
2875
2,730.80
-37.01
(-1.34%)
Mar 1, 2010
May 6, 2016
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
1.140
0.140
0.270
0.100
0.165
0.120
0.765
0.710
0.310
0.235
0.345
0.285
1.270
0.125
0.595
0.155
0.200
0.125
0.975
2.550
0.025
0.025
0.215
0.260
0.465
0.885
0.170
0.080
0.075
0.070
0.380
0.150
0.100
0.130
0.165
0.175
0.245
0.175
0.105
0.515
0.290
0.280
0.345
0.045
0.025
0.065
0.110
0.120
0.500
0.260
0.270
0.630
0.060
0.035
0.040
0.055
0.045
0.170
0.160
0.045
0.030
0.135
0.155
0.480
0.030
0.360
0.005
0.150
0.125
0.360
0.600
0.005
0.015
0.115
0.105
0.125
0.090
0.025
0.005
0.005
0.005
0.020
0.025
0.060
0.065
0.005
0.011
0.022
0.045
0.015
0.230
0.100
0.130
0.010
0.010
0.015
0.040
0.025
0.035
0.330
0.070
0.105
0.860
0.090
0.045
0.050
0.060
0.045
0.340
0.260
0.055
0.040
0.195
0.190
0.780
0.075
0.545
0.125
0.165
0.125
0.430
1.800
0.015
0.020
0.125
0.215
0.130
0.090
0.135
0.030
0.015
0.005
0.110
0.035
0.060
0.070
0.025
0.170
0.235
0.055
0.035
0.270
0.240
0.205
0.025
0.010
0.015
0.045
0.105
0.050
0.370
0.120
0.115
0.850
0.090
0.040
0.050
0.055
0.045
0.320
0.240
0.045
0.030
0.190
0.190
0.770
0.070
0.530
0.125
0.160
0.125
0.425
1.730
0.010
0.020
0.115
0.215
0.125
0.090
0.115
0.020
0.010
0.005
0.110
0.030
0.060
0.065
0.015
0.160
0.230
0.050
0.035
0.255
0.240
0.200
0.010
0.010
0.015
0.040
0.080
0.035
0.365
0.095
0.115
CODE
5211WA
0148WB
710610
710612
710614
710615
7106C5
7106C7
7106C8
7106C9
7082WB
1538WB
5191WA
534719
534722
534726
534727
534728
7252WA
7034WA
7079WB
7079WC
486313
0101WB
7113CX
7113CY
5054WA
5054WB
0118WA
5230CF
514818
514820
4588CV
4588CW
0120WA
0069WB
0069WC
6963CA
0066WA
6963WA
9679WD
9679WE
0141WA
5156WC
0095WA
0165WA
7020WB
6742CS
6742WB
7028WA
2283WA
WARRANTS
SUNWAY-WA
SUNZEN-WB
SUPERMX-C10
SUPERMX-C12
SUPERMX-C14
SUPERMX-C15
SUPERMX-C5
SUPERMX-C7
SUPERMX-C8
SUPERMX-C9
SYF-WB
SYMLIFE-WB
TAMBUN-WA
TENAGA-C19
TENAGA-C22
TENAGA-C26
TENAGA-C27
TENAGA-C28
TEOSENG-WA
TGUAN-WA
TIGER-WB
TIGER-WC
TM-C13
TMCLIFE-WB
TOPGLOV-CX
TOPGLOV-CY
TRC-WA
TRC-WB
TRIVE-WA
TUNEPRO-CF
UEMS-C18
UEMS-C20
UMW-CV
UMW-CW
VIS-WA
VIVOCOM-WB
VIVOCOM-WC
VS-CA
VSOLAR-WA
VS-WA
WCT-WD
WCT-WE
WINTONI-WA
XDL-WC
XINGHE-WA
XOX-WA
YKGI-WB
YTLPOWR-CS
YTLPOWR-WB
ZECON-WA
ZELAN-WA
1900
Mar 1, 2010
CLOSE
(RM)
+/(RM)
0.850
0.090
0.040
0.050
0.055
0.045
0.325
0.250
0.045
0.035
0.190
0.190
0.770
0.075
0.535
0.125
0.160
0.125
0.430
1.800
0.010
0.020
0.120
0.215
0.130
0.090
0.135
0.025
0.010
0.005
0.110
0.035
0.060
0.070
0.025
0.165
0.235
0.055
0.035
0.265
0.240
0.200
0.010
0.010
0.015
0.040
0.085
0.050
0.365
0.120
0.115
-0.010
Unch
-0.005
0.010
Unch
-0.010
-0.010
-0.010
-0.015
Unch
-0.005
Unch
0.030
0.005
0.015
0.005
0.005
Unch
-0.005
0.020
Unch
Unch
Unch
-0.005
-0.005
-0.005
0.020
0.005
-0.005
Unch
Unch
0.005
-0.015
-0.020
0.005
-0.005
-0.005
0.005
Unch
0.010
Unch
-0.005
-0.015
Unch
Unch
-0.005
-0.005
-0.010
-0.010
Unch
0.010
May 6, 2016
VOL PARENT
EXE
(‘000)
PRICE PRICE
74.4
31
362.8
1
800
464.8
1992.2
205
505
301.5
332.5
9.9
9
160
53.6
1.2
20.4
30
25.2
33
1936.6
1000
200
45
459
149
1287.8
1608
70
111
20
1849.9
50
350
2137.8
23028.8
8728.8
363.3
482
2343.7
100
293.2
3598.9
6123.5
2598
845
13761.4
120
44
20.2
0.1
3.110
0.255
2.680
2.680
2.680
2.680
2.680
2.680
2.680
2.680
0.570
0.710
1.380
14.140
14.140
14.140
14.140
14.140
0.430
3.180
0.050
0.050
6.630
0.785
4.980
4.980
0.480
0.480
0.040
1.370
1.040
1.040
6.310
6.310
0.200
0.335
0.335
1.250
0.095
1.250
1.680
1.680
0.030
0.040
0.050
0.125
0.255
1.470
1.470
0.745
0.215
Please refer to the bursa malaysia website for the prices of Loan stocks, bonds and overseas structure warrants
2.250
0.250
3.170
4.000
3.700
3.100
2.100
2.200
3.000
3.300
0.700
1.100
0.600
13.500
10.500
12.880
13.700
14.400
1.350
1.500
0.170
0.080
7.000
0.750
4.625
5.250
0.500
0.610
0.100
1.750
0.930
1.000
7.000
7.000
0.250
0.240
0.100
1.380
0.120
1.650
1.710
2.080
0.100
0.115
0.100
0.200
0.500
1.480
1.140
1.060
0.250
PR’M
(%)
-0.32
33.33
24.25
60.45
47.29
24.91
2.61
0.75
18.66
29.01
56.14
81.69
-0.72
1.84
0.74
4.35
7.64
8.03
313.95
3.77
260.00
100.00
11.92
22.93
8.53
9.94
32.29
32.29
175.00
28.83
5.29
6.25
20.44
16.48
37.50
20.90
0.00
23.60
63.16
53.20
16.07
35.71
266.67
212.50
130.00
92.00
129.41
5.78
2.38
58.39
69.77
EXPIRY
DATE
17/08/2016
25/02/2021
31/10/2016
31/01/2017
04/10/2016
23/11/2016
18/07/2016
31/05/2016
25/08/2016
29/07/2016
11/11/2019
11/11/2020
30/05/2017
08/06/2016
30/09/2016
30/08/2016
30/08/2016
28/02/2017
29/01/2020
09/10/2019
23/12/2018
11/02/2021
28/10/2016
21/06/2019
10/08/2016
31/05/2016
20/01/2017
14/07/2016
06/01/2017
08/06/2016
30/08/2016
18/07/2016
15/12/2016
31/01/2017
01/09/2016
07/09/2018
22/01/2020
28/10/2016
01/12/2017
06/01/2019
11/12/2017
27/08/2020
23/02/2019
02/07/2018
22/03/2019
10/02/2019
28/05/2020
30/08/2016
11/06/2018
03/03/2017
25/01/2019
3 0 Markets
INSIDER MOVES . TRADING THEMES . EVENTS . FOREX
Trading themes
Insider moves (Filings on May 5, 2016)
Insider Moves show what substantial shareholders are doing with their stakes, which could be a signal of their views on the company’s outlook.
COMPANY
AIRASIA
ALLIANCE FINANCIAL GROUP
BERJAYA LAND
SHARES ACQUIRED
(DISPOSED)
DIRECTOR/SUBSTANTIAL
SHAREHOLDER
(1,000,000) EMPLOYEES PROVIDENT FUND BOARD
879,900 EMPLOYEES PROVIDENT FUND BOARD
(28,000,000) TAN SRI DATO’ SERI VINCENT
TAN CHEE YIOUN
BIMB
1,027,400 AMANAHRAYA TRUSTEES
- SKIM AMANAH SAHAM BUMIPUTERA
CYMAO
(5,000,000) LIN, TSAI-RONG
DIALOG GROUP
2,369,200 KUMPULAN WANG PERSARAAN
(DIPERBADANKAN)
DIGI.COM
1,918,700 EMPLOYEES PROVIDENT FUND BOARD
GAMUDA
(DIPERBADANKAN)
IGB REAL ESTATE INVEST TRUST
IGB REAL ESTATE INVEST TRUST (1,850,300) KUMPULAN WANG PERSARAAN
(DIPERBADANKAN)
IHH HEALTHCARE
INARI AMERTRON
(8,967,600) KUMPULAN WANG PERSARAAN
(DIPERBADANKAN)
INARI AMERTRON
IOI CORPORATION
MALAKOFF CORPORATION
MALAKOFF CORPORATION
952,200 KUMPULAN WANG PERSARAAN
(DIPERBADANKAN)
MALAYAN BANKING
MALAYSIA AIRPORTS
MAXIS
MENANG CORPORATION
431,000 TOH MAY FOOK
MISC
NWP
NWP
PETRONAS GAS
POS MALAYSIA
PRICEWORTH INTERNATIONAL
PUBLIC BANK
REACH ENERGY
REV ASIA
SIME DARBY
SPRING GALLERY
STERLING PROGRESS
TELEKOM MALAYSIA
TELEKOM MALAYSIA
TENAGA NASIONAL
TENAGA NASIONAL
TIEN WAH PRESS
YNH PROPERTY
YTL CORPORATION
36,745,200 DATO’ SRI KEE SOON LING
(28,100,000) SEPANG HEIGHTS S/B
(1,774,000) KUMPULAN WANG PERSARAAN
(DIPERBADANKAN)
4,500,000 LIM NYUK FOH
681,700 CREDIT SUISSE SECURITIES (EUROPE)
LTD. UK
9,092,100 CATCHA GROUP PTE. LTD. SINGAPORE
(1,947,500) INNOFARM
702,000 FNS AVENUE
(DIPERBADANKAN)
(DIPERBADANKAN)
9,000,000 AMANAHRAYA TRUSTEES
- SKIM AMANAH SAHAM BUMIPUTERA
(322,400) LEMBAGA TABUNG ANGKATAN TENTERA
(750,000) DATO YU KUAN HUAT
SHARES HELD
AFTER CHANGE
TRANSACTION
DATE
87,625,400
11, 28
& 29/4
27/4
20 & 21/4
145,605,849
246,105,440
3,631,080,872
16,100,000
325,460,116
959,877,376
151,818,950
241,839,413
201,985,600
722,043,100
64,695,733
78,820,327
453,058,573
797,339,933
340,173,934
1,414,552,383
208,498,493
623,954,234
25,347,400
306,652,411
36,745,200
132,255,996
110,170,000
67,857,200
61,509,011
509,283,268
73,052,600
86,285,329
761,671,209
7,799,500
62,814,200
197,616,038
Metals price performance in 2016
29/4
29/4
29/4
29/4
21 -22
& 26/4
29/4
20, 22
& 26/4
29/4
20 - 22
25 & 26/4
29/4
29/4
28 & 29/4
11, 12
& 18/4
29/4
29/4
29/4
4/5
21, 22
& 25/4
4/5
4 & 5/5
11, 13, 15
& 19/4
29/4
17/12
29/4
28 & 29/4
188,964,038
5/5
27 - 29/4
28/4
4/5
21, 22
& 26/4
13/4
409,326,900
28 & 29/4
851,530,382
7,196,800
126,706,222
728,977,447
29/4
28/4
5/5
29/4
Unaccompanied minor migrants and sponsors
While every effort is made to ensure accuracy, the information presented is not an exhaustive list and is not an official record of shareholder
filings. Direct and indirect share are combined due to space constraints. Readers who are interested should check the official filings filed with
Bursa Malaysia.
Note: * denotes Ace Market
Local events to watch out for today
• AirAsia Bhd annual general meeting (AGM)
Gallery, Level 5, Ilham Tower, 8, Jalan Stocks closest to year high
STOCK
HIGH
LOW
CLOSE
VOLUME
& extraordinary general meeting (EGM) at
Binjai, Kuala Lumpur at 10am.
(RM)
(RM)
(RM)
('000)
Asian Aviation Centre of Excellence, Lot • GCH Retail (M) Sdn Bhd launch of “Buy
EFORCE-WA
0.800
0.670
0.795 18415.2
PT25B, Jalan KLIA S5, Southern Support
Malaysia Product Campaign 2016” at Giant ARANK
0.780
0.735
0.760
3602.4
Zone, Kuala Lumpur International Airport,
Hypermarket Setapak, Off Jalan Genting HIAPTEK-WA
0.255
0.230
0.240
5166.2
Sepang, Selangor at 10am.
Kelang, Taman Danau Kota, Kuala Lum- FAJAR
0.625
0.605
0.610
4465.6
EFORCE
1.480
1.360
1.450
5429.4
• Genetec Technology Bhd EGM at Mulpur at 10am.
0.940
0.890
0.915
557.8
ti-Purpose Hall, 2nd Floor, Lot 5, Jalan • Google Malaysia together with SME Corp ALCOM
1.590
1.550
1.560
4007.5
P10/12, Kawasan Perusahaan Bangi, Ban(M) will be holding a seminar and panel EKOVEST
EKOVEST-WB
0.695
0.650
0.680
1527.8
dar Baru Bangi, Selangor at 10am.
of discussion to discuss the importance of HSI-H45
1.520
1.520
1.520
10
• Property signing ceremony between Plensmall and medium businesses in Malaysia HSI-H41
0.740
0.740
0.740
5
itude Bhd and Oakwood Asia Pacific Ltd
harnessing the benefits of the Internet for MELEWAR
0.385
0.345
0.360
3224.5
1.090
1.085
1.085
1.1
success at Connexion@Nexus, Jalan Ker- ABFMY1
for the Oakwood Hotel & Residence KuaThis table shows stocks that are trading near their year high. This
inchi, PJS 7, Kuala Lumpur at 11.30am.
la Lumpur project, previously known as
could suggest a build-up in buying momentum, or the possibility that
Nomad Sucasa All Suites Hotel at Ilham
profit-taking activities could set in later.
Stocks closest to year low
STOCK
FBMKLCI-C50
XINGHE
HSI-C21
HSI-C18
MAXIS
HARTA
PETDAG-CP
MAXIS-CT
HSI-C36
IOICORP-C9
PCHEM-C4
PCHEM-C1
HIGH
(RM)
LOW
(RM)
CLOSE
(RM)
VOLUME
('000)
0.085
0.055
0.325
0.040
5.540
4.040
0.055
0.045
0.305
0.080
0.060
0.145
0.075
0.045
0.250
0.020
5.420
3.850
0.055
0.040
0.275
0.065
0.030
0.135
0.085
0.050
0.260
0.025
5.540
3.920
0.055
0.045
0.275
0.075
0.050
0.140
3008
9518.4
4823.5
4612.5
2614.8
5592
53.4
325
450
840
885
1535
This table shows stocks that are trading near their year low. This
could suggest a build-up in selling momentum, or the possibility that
bargain hunting could set in later.
Foreign exchange rates
NZ
NZ $
EURO
0.600
US
SWISS
BRIT CANADA BRUNEI S’PORE
AUST
M’SIA
CHINA
BANGL’H
DENM’K
UAE
INA
INDIA
JAPAN NORWAY
PHIL
QATAR
SAUDI SWEDEN
THAI
HK
0.684
0.665
0.474
0.883
0.931
0.931
0.928
2.7444
4.446
53.567
4.463
2.513
9,060
45.574
73.297
5.604
32.207
2.491
2.566
5.569
24.043
5.311
1.141
1.109
0.790
1.472
1.553
1.552
1.548
4.5746
7.412
89.290
7.440
4.189
15,103
75.966
122.178
9.342
53.686
4.153
4.277
9.283
40.076
8.853
7.761
EURO
1.667
US $
1.461
0.877
SWISS FR
1.503
0.902
1.029
STERLING £
2.109
1.265
1.443
1.403
CANADA $
1.132
0.679
0.775
0.753
0.537
BRUNEI $
1.074
0.644
0.735
0.714
0.509
0.948
SINGAPORE $
1.074
0.644
0.735
0.714
0.509
0.949
0.972
0.693
1.291
1.361
1.361
1.357
4.0100
6.497
78.270
6.522
3.672
13,239
66.590
107.099
8.189
47.060
3.640
3.749
8.137
35.130
0.713
1.328
1.400
1.400
1.396
4.1251
6.683
80.517
6.709
3.778
13,619
68.502
110.173
8.424
48.411
3.745
3.857
8.371
36.138
7.983
1.863
1.964
1.964
1.958
5.7876
9.377
112.966
9.413
5.300
19,107
96.109
154.575
11.819
67.922
5.254
5.411
11.744
50.703
11.201
1.054
1.054
1.051
3.1068
5.034
60.641
5.053
2.845
10,257
51.592
82.976
6.344
36.461
2.820
2.905
6.304
27.218
6.013
1.000
0.997
2.9464
4.774
57.510
4.792
2.698
9,727
48.928
78.692
6.017
34.578
2.675
2.755
5.979
25.812
5.702
0.997
2.9470
4.775
57.522
4.793
2.699
9,729
48.938
78.708
6.018
34.585
2.675
2.755
5.980
25.818
5.703
1.000
AUSTRALIA $
1.077
0.646
0.737
0.717
0.511
0.951
1.003
1.003
2.9558
4.789
57.693
4.807
2.707
9,758
49.084
78.943
6.036
34.688
2.683
2.764
5.998
25.895
5.720
MALAYSIA RM
0.364
0.219
0.249
0.242
0.173
0.322
0.339
0.339
0.338
1.0000
1.620
19.519
1.626
0.916
3,301
16.606
26.708
2.042
11.736
0.908
0.935
2.029
8.761
1.935
22.490
13.492
15.392
14.962
10.664
19.866
20.948
20.944
20.881
61.7210
1,205
100.382
56.525
1,648
126.038
724.340
56.031
57.707
125.246
540.715
119.450
1.867
1.120
1.278
1.242
0.885
1.649
1.739
1.738
1.733
5.1233
8.301
8.332
4.692
16,914
85.078
136.833
10.462
60.125
4.651
4.790
10.396
44.883
9.915
100 DANISH KRONER
22.404
13.441
15.333
14.905
10.624
19.791
20.868
20.864
20.802
61.4860
99.62
56.310
202,991
1,021.04
1,642
125.56
721.58
55.82
57.49
124.77
538.66
119.00
100 UAE DIRHAM
39.788
23.869
27.230
26.470
18.867
35.146
37.060
37.052
36.942 109.1929
176.91
2,131
177.59
1,813
2,916
222.98
1,281
99.13
102.09
221.58
956.60
211.32
1000 INA RUPIAH
0.110
0.066
0.076
0.073
0.052
0.097
0.103
0.103
0.102
0.3029
0.491
5.912
0.493
0.277
5.030
8.090
0.619
3.555
0.275
0.283
0.615
2.654
0.586
100 INDIA RUPEE
2.194
1.316
1.502
1.460
1.040
1.938
2.044
2.043
2.037
6.0219
9.757
117.540
9.794
5.515
160.833
12.297
70.671
5.467
5.630
12.220
52.756
11.654
100 CHINESE RMB
100 BANGLAD’H TAKA
100 JAPAN YEN
100 NORWEGIAN KRONER
100 PHILIPPINE PESO
1,200
203,767 1,024.942
360,492
19,881
1.364
0.818
0.934
0.908
0.647
1.205
1.271
1.271
1.267
3.7442
6.066
73.082
6.090
3.429
12,361
62.176
17.844
10.705
12.212
11.871
8.461
15.762
16.620
16.617
16.567
48.9700
79.341
956
79.644
44.847
161,671
813.198
1,308
7.646
2.883
43.941
3.399
3.501
7.598
32.802
7.246
574.698
44.455
45.785
99.371
429.008
94.773
3.105
1.863
2.125
2.066
1.472
2.743
2.892
2.891
8.5210
13.806
166.319
13.858
7.804
28,131
141.500
227.579
17.400
40.138
24.080
27.470
26.704
19.033
35.456
37.387
37.379
37.268 110.1558
178.474
2,150
179.156
100.882
363,671
1,829
2,942
224.945
100 SAUDI RIYAL
38.973
23.380
26.672
25.928
18.480
34.426
36.301
36.293
36.185 106.9562
173.290
2,088
173.952
97.952
353,107
1,776
2,857
218.412
1,255
97.095
100 SWEDISH KRONOR
17.957
10.773
12.289
11.946
8.515
15.862
16.725
16.722
16.672
49.2800
79.843
961.882
80.148
45.131
162,694
818.346
1,316
100.633
578.336
44.737
46.075
4.159
2.495
2.847
2.767
1.972
3.674
3.874
3.873
3.862
11.4147
18.494
222.800
18.565
10.454
37,685
189.553
304.864
23.310
133.960
10.362
10.672
23.163
18.828
11.295
12.886
12.526
8.928
16.632
17.537
17.533
17.481
51.6710
83.717 1,008.551
84.037
47.321
170,588
858.051
1,380
105.516
606.396
46.907
48.310
104.852
100 QATAR RIYAL
100 THAI BAHT
100 HK$
7.735
1,293
7.967
17.291
74.649
16.491
102.992
223.530
965.035
213.187
937.004
206.995
431.724
95.373
217.038
22.091
452.671
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 1
FUTURES . MONEY MARKET . COMMODITIES
Money market
Index futures
Long Rolls - KLCI futures
FKLI
Index points
1980
Open Interest
1,641.00 90000
(+1.00)
Index points
-4.00
18.00
US Dollar
Klibor
USD Index
Implied interest rate (%)
102.00
(Unch)
4.5
93.888
3.65
(+0.108)
1790
68000
4.75
94.25
1600
46000
-8.50
86.50
1410
24000
-21.75
78.75
2000
-35.00
(Unch)
3.5
1220
Jan 4, 2010
May 6, 2016
2.5
71.00
Jan 4, 2010
FBM KLCI futures higher in
tandem with cash market
May 6, 2016
FBM KLCI futures
INDEX AND FUTURES
CONTRACT
LAST
CHANGE
VOLUME
OPEN CHANGE IN
INTEREST OPEN INTEREST
The FBM KLCI futures contract on Bursa Ma- FBMKLCI 1,649.36 4.27 148.1M
1,641.00
1.00
8,518 41,392
582
laysia Derivatives ended higher last Friday in MAY 16
1,637.00
0.50
349
1,276
101
tandem with the underlying cash market. JUN 16
SEP 16
1,628.00
1.00
46
164
13
The benchmark FBM KLCI closed 4.27 points DEC 16
1,622.00
3.00
19
42
3
higher at 1,649.36.
TOTAL
8,932 42,874
699
Spot contract May 2016 and September
BID
OFFER
CLOSE
2016 each rose one point to 1,641 and 1,628 FUTURES ROLL OVER
-4.0
-4.5
-4.0
respectively; June 2016 added 0.5 point to MAY/JUN
1,637; and December 2016 improved three FUTURES FAIR VALUE
CONTRACT
DAYS TO EXPIRY
KLIBOR DIVIDEND FAIR VALUE
points to 1,622.
16
26
3.80
5.83
-2.03
Turnover fell to 8,932 lots from 9,594 lots MAY
JUN 16
56
8.35
12.55
-4.20
last Thursday, while open interest increased ROLL’S FAIR
-2.16
to 42,874 contracts from 41,872 contracts,
previously.
Bursa Malaysia reversed its earlier trend
to end marginally higher on late buying support
Khan Adam Khan said investors were taking
especially for selected finance counters.
Affin Hwang Investment Bank vice-presi- the opportunity to take profits outof the market
dent and retail research head Datuk Dr Nazri given the weak market sentiment. — Agencies
Commodities
CPO vs Soyoil
Open Interest
4200
200000
3450
2700
1950
2,632
1200
Jan 6, 2008
May 6, 2016
US dollar rises as Fed’s Dudley
offsets weak jobs data
The US dollar rose against a basket of currencies last Friday as a top US Federal Reserve (Fed) official’s remarks convinced
some investors that US interest rates could
rise faster than expected even though April
hiring data was weaker than forecast.
The US dollar index, which measures the
greenback against six currencies, was last
up 0.1% at 93.888. It had fallen as much as
0.6% earlier in the day.
New York Fed president William Dudley
told The New York Times it was reasonable
to expect the US central bank to raise rates
twice in 2016 despite data that showed domestic hiring fell to 160,000 in April, its lowest in seven months.
Dudley is a permanent voter on the Fed’s
policy-setting group and his view is seen as
aligned with Fed chair Janet Yellen. — Reuters
1.5
Oct 1, 2000
May 6, 2016
Klibor
MONTH
SETTLEMENT
PRICE
MAY6
JUN6
JUL6
SEP6
DEC6
MAR7
JUN7
SEP7
DEC7
MAR8
JUN8
SEP8
DEC8
MAR9
JUN9
SEP9
DEC9
MAR0
JUN0
SEP0
DEC0
MAR1
TOTAL
CHANGE
96.32
96.35
96.35
96.35
96.35
96.35
96.30
96.26
96.21
96.21
96.21
96.21
96.21
96.21
96.21
96.21
96.21
96.21
96.21
96.21
96.21
96.21
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
VOLUME
OPEN
INTEREST
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
0
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
0
CPO prices react to various factors including soyoil prices, weather conditions and stockpiles. Open interest shows either increasing or decreasing market participation.
CPO & Open Interest
CPO RM/tonne
Oct 2, 2006
(+3.00)
Crude Oil
Gold
CPO RM/tonne
Soyoil US$/Ibs
US$/bbl
US$/troy oz
6400
2,944 0.7300
155.00
1980
(RM0.3334/tonne)
44.66
1660
152500
5100
0.5475
121.25
105000
3800
0.3650
87.50
1340
57500
2500
0.1825
53.75
1020
10000
May 6, 2016
Palm oil marginally higher
after two sessions of gains
(+3.00)
Jan 6, 2008
0.0000
May 6, 2016
CPO futures
CONTRACT
MAY-16
JUN-16
JUL-16
AUG-16
SEP-16
LAST
2,635
2,638
2,632
2,608
2,585
CHANGE
20
5
3
-2
-6
VOLUME
371
5,841
29,995
8,794
6,643
OPEN CHANGE IN
INTEREST OPEN INTEREST
2,438
24,452
99,621
51,588
53,084
1,294.00
(+21.70)
2,632
1200
(+0.34)
-4
-5,172
-11,827
1,143
447
Malaysian palm oil futures closed marginally higher last Friday, posting their first
drop in three sessions as falls in competing
CPO/SOYOIL
vegetable oils weighed, but found some CPO FUTURES
FUTURES BASIS (USD)
support from industry data showing lower INDICATIVE ROLL-OVER CURRENT
-49.72
MAY/JUN
3
production and short covering by traders. MAY/JUL
3 MONTHS AVERAGE
-67.77
12
The palm oil contract for July delivery on MAY/AUG
6 MONTHS AVERAGE
-82.76
35
Bursa Malaysia Derivatives closed 0.04% or JUN/JUL
9
RM3 higher at RM2,632 per tonne. It gained SGS & ITS EXPORT ESTIMATES (TONNES)
FEB’16
MAR’16
APR’16
1.3% last week after previous week’s 3.6% SHIPMENT DAYS
197/250
308/328
305/321
fall, its steepest weekly drop since early 1 - 10TH DAYS
1- 15TH DAYS
420/408
416/451
500/484
October.
DAYS
582/595
718/713
724/738
Palm oil rose in the previous two ses- 11 -- 20TH
25TH DAYS
781/788
883/887
883/890
sions, posting its sharpest jump in nearly FULL MONTH
956/943
1,168/1,175 1,088/1,109
five months last Wednesday as traders cov- MALAYSIAN PALM OIL BOARD
DEC’15
JAN’16
FEB’16
MAR’16
ered short positions after four sessions of
1,399
1,130
1,043
1,220
losses and as the ringgit sunk to a five-week PRODUCTION
EXPORT
1,483
1,279
1,085
1,334
low.
STOCKS
2,631
2,308
2,169
1,885
Traded volumes were 55,038 lots of 25
MPOB Palm oil physical
tonnes each, higher than the 2015 daily
(IN RM/TON)
MAY’2016
JUN’2016
JUL’2016
average of 44,600.
DELD
2,600
2,560
2,560
“There’s some short covering towards CPO
PK EX-MILL
2,280
2,252
2,240
the weekend, and production figures from CPKO DELD
4,861
4,845
4,795
the Southern Palm Oil Millers Association RBD P.OIL FOB
2,730
2,724
2,676
are 18% lower,” said a trader from Kuala RBD P.OLEIN FOB
2,790
2,760
2,704
2,483
2,463
2,443
Lumpur, referring to data from a Malaysian RBD P.STEARIN FOB
millers association for the first five days of MPOB FFB REF PRICE (MILL GATE PRICE)
REGION
GRADE A
GRADE B
GRADE C
May.
OER (RM/TON)
OER(RM/TON)
OER (RM/TON)
In competing vegetable oils, the Sep- NORTH
20.00% 572
19.00% 547
18.00% 522
tember soybean oil contract on the Dalian SOUTH
20.00% 580
19.00% 555
18.00% 529
20.00% 579
19.00% 554
18.00% 528
Commodity Exchange fell 1.3%, while the CENTRAL
Chicago Board of Trade soyoil contract for EAST COAST 20.00% 574 19.00% 548 18.00% 523
SABAH
22.00% 557
21.00% 534
20.00% 511
July rose 0.5%. — Reuters
SARAWAK
22.00% 566
21.00% 541
20.00% 518
20.00
Apr 10, 2007
700
May 6, 2016
Oil up on Canada wildfire, US
dollar, big weekly loss for Brent
Oil prices edged up last Friday, supported by
an early dip in the US dollar and a wildfire
that has shrunk Canadian oil sands crude
output by a third, but Brent still ended with
its sharpest weekly drop in four months as
investors cashed out of April’s big rally.
Brent crude settled up 36 US cents or 0.8%
at US$45.37 a barrel. US crude futures finished
up 34 US cents or about 0.8% too at US$44.66.
Reports of a militant attack on a Chevron
platform in Nigeria’s oil-rich Niger Delta region and a drop in the number of US oil drilling rigs also helped lift prices on the day.
The US dollar, which has a huge impact
on greenback-denominated commodities
such as oil, was down most of the day before recovering in late trade. The US dollar
dipped after the US government reported
that the economy added the fewest number
of jobs in seven months in April. — Reuters
Centrifuged Latex
Aug 31, 2008
Commodities
AGRICULTURE
UNIT
EXCHANGE
RM/TON
SEN/KG
USC/BSH
USC/BSH
USC/BSH
USC/IBS
US$/TON
USC/IBS
USC/IBS
USC/IBS
MDEX
MRB
CBOT
CBOT
CBOT
CME
NYBOT
NYBOT
NYBOT
NYC
2,632
571.50
376.00
1,026.25
453.25
117.975
3,078
124.25
16.15
62.27
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
17,350
-250
2.1580 -0.0005
1,294.00
21.70
1,085.10
21.30
608.30
6.60
17.53
0.21
12,440
100
14,970
145
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
44.66
0.34
1.3469 0.0083
2.243
0.005
45.37
0.36
400.00
1.25
CRUDE PALM OIL
RUBBER
CORN
SOYBEANS
WHEAT
LIVE CATTLE
COCOA
COFFEE
SUGAR
COTTON
3
-3.00
4.25
22.75
0.25
0.550
-80
2.75
-0.01
0.44
METAL & PRECIOUS METALS
TIN
COPPER
GOLD
PLATINUM
PALLADIUM
SILVER
ALUMINIUM
ZINC
ENERGY
Sen/Kg
1100
1700
900
1325
508.00
950
(-1.00)
500
571.50
(-3.00)
575
300
Jan 7, 2007
LAST PRICE CHANGE
Rubber - M’sia SMR 20
Sen/Kg
700
May 6, 2016
200
May 6, 2016
Jan 7, 2007
May 6, 2016
Markets
32
F U T U R E S . M O N E Y M A R K E T . C O M M O D I T I E S PA G E 3 1
YOUR DAILY FINANCIAL MARKET S ROUNDUP
I N S I D E R M OV E S . T R A D I N G T H E M E S . E V E N T S . FO R E X PA G E 3 0
G L O BA L M A R K E T S PA G E 2 9
M A I N M A R K E T . A C E M A R K E T L I ST I N G PA G E 2 5
RESEARCH: TAI TS [[email protected]; SUGUMARAN [[email protected]]
1,649.36
4.27
5,670.21
20.70
2,730.80
37.01
16,106.72
40.66
20,109.87
STOCK
Index point
1,649.36
(+4.27)
KL Composite Index
1,641.00
(+1.00)
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
RA
AWC
KANGER-WA
KANGER
WINTONI
EFORCE-WA
PALETTE-WA
BIOHLDG
PALETTE
GLOTEC
XINGHE
CUSCAPI
SINOTOP
CUSCAPI-WA
SKH
NICE
VOLUME
('000)
CHANGE
(%)
CHANGE
(RM)
CLOSE
(RM)
HIGH
(RM)
LOW
(RM)
57,959
44,975
29,473
24,835
21,326
18,415
16,832
16,111
14,814
11,857
9,518
9,264
8,887
8,137
7,368
7,250
-33.33
7.20
17.86
9.09
-14.29
21.37
60.00
4.35
25.00
0.00
0.00
25.00
0.00
83.33
7.69
4.17
-0.005
0.045
0.025
0.020
-0.005
0.140
0.030
0.015
0.020
0.000
0.000
0.025
0.000
0.025
0.005
0.005
0.010
0.670
0.165
0.240
0.030
0.795
0.080
0.360
0.100
0.045
0.050
0.125
0.045
0.055
0.070
0.125
0.015
0.680
0.165
0.240
0.030
0.800
0.085
0.370
0.105
0.050
0.055
0.145
0.050
0.065
0.070
0.130
0.005
0.620
0.135
0.215
0.025
0.670
0.055
0.350
0.075
0.045
0.045
0.105
0.035
0.035
0.070
0.120
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.
1,649.36
(+4.27)
1667.5
1385.0
Jan 2, 2008
May 6, 2016
900
600
300
0
Volume (’mil)
FBM KLCI futures
CONTRACT
MAY 16
JUN 16
SEP 16
SETTLEMENT
1,641.00
1,637.00
1,628.00
CHANGE
1.00
0.50
1.00
HIGH
LOW
1,645.50
1,641.00
1,632.50
1,629.50
1,625.50
1,616.00
FBM KLCI sensitivity*
MAYBANK
PUBLIC BANK
MAXIS
IHH HEALTHCARE
TENAGA NASIONALBERHAD
IOI CORPORATION
DIGI.COM
HONG LEONG BANK
GENTING
YTL CORPORATION
HONG LEONG FINANCE
K.LUMPUR KEPONG
PETRONAS DAGANG
BRITISH AME TOBACCO
PETRONAS GAS
PETRONAS CHEMICAL
SUB-TOTAL
OTHERS
GRAND TOTAL
KLCI
POINTS
2.31
1.31
0.76
0.42
0.38
0.33
0.26
0.22
0.19
0.18
-0.15
-0.22
-0.27
-0.63
-0.67
-1.75
2.67
1.60
4.27
CHANGE
(RM)
0.140
0.200
0.060
0.030
0.040
0.030
0.020
0.060
0.030
0.010
-0.080
-0.120
-0.160
-1.300
-0.200
-0.130
CLOSE
(RM)
8.670
18.960
5.540
6.540
14.140
4.300
4.400
13.360
8.500
1.570
14.900
22.980
23.400
47.000
21.600
6.410
VOLUME
('000)
7705.6
2914.0
2614.8
3865.0
20898.6
6191.0
7038.6
713.1
4590.9
6956.3
320.3
784.6
592.2
739.9
3487.1
3951.1
* How stock price changes affected the index on the previous trading day
57,958.9
49,081.7
48,495.2
44,974.8
36,292.6
34,441.6
33,154.5
32,698.7
29,473.2
24,835.4
23,028.8
21,325.6
21,093.1
20,898.6
18,415.2
16,832.4
16,111.1
14,813.9
14,812.0
14,666.6
CHANGE
(RM)
-0.005
0.015
0.020
0.045
-0.005
0.090
-0.040
UNCH
0.025
0.020
-0.005
-0.005
-0.035
0.040
0.140
0.030
0.015
0.020
-0.010
-0.005
CHANGE
(%)
-33.33
6.98
5.88
7.20
-1.47
4.66
-6.20
UNCH
17.86
9.09
-2.94
-14.29
-13.21
0.28
21.37
60.00
4.35
25.00
-0.62
-4.17
PRICE
(RM)
0.010
0.230
0.360
0.670
0.335
2.020
0.605
0.120
0.165
0.240
0.165
0.030
0.230
14.140
0.795
0.080
0.360
0.100
1.610
0.115
PE
RATIO
—
—
—
18.44
49.28
9.96
—
—
—
13.17
—
—
—
16.22
—
—
22.12
10.81
—
11.01
DIVIDEND
YIELD (%)
0.00
0.00
0.00
0.00
0.00
2.07
0.00
0.00
0.00
0.00
0.00
0.00
0.00
2.06
0.00
0.00
0.00
0.00
1.25
0.00
Top gainers and losers (ranked by RM)
NESTLE
HSI-HY
HSI-H37
CARLSBG
PBBANK
AHEALTH
HSI-H27
HSI-HX
EFORCE-WA
SCC
MAYBANK
QUALITY
1102.5
820.0
TURNOVER
(‘000)
RA
AAX-WA
AAX
AWC
VIVOCOM
AIRASIA
SGB
EKA
KANGER-WA
KANGER
VIVOCOM-WB
WINTONI
GBGAQRS-WA
TENAGA
EFORCE-WA
PALETTE-WA
BIOHLDG
PALETTE
SKPETRO
SUMATEC
UP
FBM KLCI reverses losses,
ringgit strengthens
1,697.55
79.92
Daily top 20 active stocks
UNUSUAL MARKET ACTIVITIES
FBM KLCI & KLCI futures intraday
17,740.63
Market movers
People don’t like to follow pessimists.
— Bob Iger
1651.0
1648.8
1646.6
1644.4
1642.2
1640.0
1637.8
1635.6
1633.4
1631.2
1629.0
339.95
CLOSE
CHANGE
(RM)
75.000
1.600
0.810
12.640
18.960
4.010
0.985
1.060
0.795
2.200
8.670
1.640
0.500
0.280
0.265
0.220
0.200
0.190
0.155
0.155
0.140
0.140
0.140
0.130
0.010
0.055
0.080
0.045
0.015
0.810
0.020
0.020
0.020
0.045
100.00
83.33
60.00
50.00
50.00
48.62
33.33
33.33
33.33
28.57
DOWN
BAT
AJI
PETGAS
HSI-C28
PETDAG
HSI-C23
HARTA
PCHEM
KLK
QL
HSI-C34
HSI-C24
CLOSE
CHANGE
(RM)
47.000
11.560
21.600
1.680
23.400
0.880
3.920
6.410
22.980
4.250
0.880
0.680
-1.300
-0.300
-0.200
-0.160
-0.160
-0.150
-0.130
-0.130
-0.120
-0.120
-0.115
-0.100
0.050
0.025
0.005
0.050
0.005
0.080
0.065
0.025
0.010
0.010
-56.52
-50.00
-50.00
-50.00
-50.00
-46.67
-38.10
-37.50
-33.33
-33.33
KUALA LUMPUR: The FBM KLCI rose 4.27 points or 0.3% to
1,649.36 as the ringgit strengthened ahead of the crucial US
employment data last Friday and Malaysia’s Sarawak state
election on Saturday.
The US employment data is closely watched as it will
offer clues on the country’s interest rate policy. Higher US
interest rates do not augur well for emerging Asian markets
like Malaysia, in anticipation that investors will shift their
funds back to US dollar-based assets.
Top gainers and losers (ranked by percentage)
The ringgit strengthened to 4.0043 against the US dollar,
UP
CHANGE
DOWN
CHANGE
after depreciating to its intraday weakest point at 4.0190.
CLOSE
(%)
CLOSE
(%)
Last Friday, Areca Capital Sdn Bhd chief executive officer
CMSB-CP
0.055
120.00
MAXIS-CR
0.055
-63.33
Danny Wong told theedgemarkets.com that the US employ0.010 100.00
WINTONI-WA
0.010 -60.00
ment data could have an impact on the FBM KLCI, as the FOCUS-WB
CMSB-CM
0.010 100.00
PCHEM-C6
0.050 -56.52
data would have a bearing on US interest rate expectations, CUSCAPI-WA
0.055
83.33
HSI-C18
0.025 -50.00
ahead of the US Federal Open Market Committee meeting PALETTE-WA
0.080
60.00
E&O-CZ
0.005 -50.00
next month.
CSL-WA
0.015
50.00
PCHEM-C4
0.050 -50.00
0.045
50.00
PETGAS-CM
0.005 -50.00
“The index [FBM KLCI] fell earlier in the day. At the cur- RESINTC-WA
0.810
48.62
MISC-C4
0.080 -46.67
rent level, the valuation of the market looks rather attractive HSI-H37
INIX-WA
0.020
33.33
MAXIS-CS
0.065 -38.10
for the short term,” Wong said.
SKPETROC15
0.020
33.33
PRESBHD-CA
0.025 -37.50
The FBM KLCI erased losses as Asian shares fell. Japan’s DIGI-C9
0.020
33.33
RA
0.010 -33.33
Nikkei 225 fell 0.25%, while Hong Kong’s Hang Seng was INARI-CP
0.045
28.57
TRIVE-WA
0.010 -33.33
down 1.66%.
Reuters reported Asian shares wallowed at one-month Top gainers and losers - warrants (ranked by percentage)
low last Friday, as investors braced for the US April payrolls
UP
CHANGE
DOWN
CHANGE
report, after jobless claims data raised doubts over the seemCLOSE
(%)
CLOSE
(%)
ingly rosy employment picture. — by Ahmad Naqib Idris
CMSB-CP
0.055 120.00
MAXIS-CR
0.055 -63.33
CMSB-CM
0.010 100.00
WINTONI-WA
0.010 -60.00
World equity indices
DOW JONES
S&P 500
NASDAQ 100
FTSE 100
AUSTRALIA
CHINA
HONG KONG
INDIA
I want an edge!
CLOSE
CHANGE
17,740.63
2,057.14
4,330.17
6,125.70
5,292.05
2,913.25
20,109.87
25,228.50
79.92
6.51
20.68
8.44
12.99
-84.59
-339.95
-33.71
INDONESIA
JAPAN
KOREA
PHILIPPINES
SINGAPORE
TAIWAN
THAILAND
VIETNAM
CLOSE
CHANGE
4,822.60
16,106.72
1,976.71
6,991.87
2,730.80
8,146.43
1,390.70
606.52
10.33
-40.66
-9.70
-7.88
-37.01
-21.53
-7.17
5.01
Fax: (03) 7721 8282
FOCUS-WB
CUSCAPI-WA
PALETTE-WA
RESINTC-WA
CSL-WA
HSI-H37
DIGI-C9
INIX-WA
SKPETROC15
INARI-CP
PCHEM-C6
HSI-C18
E&O-CZ
PCHEM-C4
PETGAS-CM
MISC-C4
MAXIS-CS
PRESBHD-CA
TRIVE-WA
DGB-WA
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