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Grab explores move into Singapore’s banking sector 1 6 W O R L D B U S I N E S S

FINANCIALFINANCIALDAILYDAILY

w w w . t h e e d g e m a r k e t s . c o m

M A K E B E T T E RDECISIONS

PP 9974/08/2013 (032820)PENINSULAR MALAYSIA RM2.00

THURSDAY JUNE 13, 2019 ISSUE 2905/2019

5 H O M E B U S I N E S S

6 H O M E B U S I N E S S

6 H O M E B U S I N E S S

1 1 H O M E

HPMT dips below off er price on maiden trading day

Muhibbah eyes Indonesian regasifi cation project

Bermaz Auto ends FY19 on high note, pays 10.5 sen dividend for 4Q

Azmin: I’m notin sex video

MRL and CCCC say1,321 submissions fromCIDB-registered fi rms were received during thepre-Q exercise.Surin Murigiah has the story on Page 5.

SELANGOR

PAHANG

KELANTAN

KotaBharu

Tok Bali

PengkalanBerangan

Dungun

Kuantan Port City

KuantanPortCity 2

Kota SAS

Gambang

Maran

MenkatabPortKlang

NEGERISEMBILAN

KampungRaja

TERENGGANU

KualaTerengganu

Cherating

Chukai

Kemasik

ProposedstationProposed

station Bangi/Kajang

PutrajayaSentral

SOURCE: MALAYSIA RAIL LINK SDN BHD

NAJIB’SSRC TRIAL

Ismee: SRC board not told about secret bank account by MD and 1MDB CEOS T O RY O N PA G E 4

OVER 1,000 FIRMSeyeing 40% civil work portion of ECRL project

Carrie Lam accuses protesters of ‘organising a riot’ PA G E 2

2 THURSDAY JUNE 13, 2019 • THEEDGE FINANCIAL DAILY

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Protesters marching along a road demonstrating against the proposed extradition bill in Hong Kong yesterday. Photos by Reuters

KUALA LUMPUR: Datuk Seri Ah-mad Hamzah of Barisan Nasional (BN) remains the member of parlia-ment (MP) for Jasin after the Elec-tion Court here yesterday rejected a petition fi led by Pakatan Harapan candidate Datuk Seri Khairuddin Abu Hassan for the seat in the 14th General Election (GE14).

Judge Abu Bakar Jais dismissed the petition after finding that Khairuddin had failed to prove that the element of non-compli-ance under the Election Off ences Act 1954 had aff ected the result of the election.

“Statutory provision of Section 32 (b) of the Election Off ences Act 1954 requires this (non-compli-ance) to be proven. Since the pe-titioner is relying on this ground, it cannot be disputed. It must be proven that the non-compliance had aff ected the result and [in this case] it was not proven.”

Abu Bakar ordered Khairuddin to pay costs totalling RM400,000 to RM200,000 to Ahmad as the fi rst respondent, and RM200,000 to the second respondent, Jasin parliamentary seat returning of-fi cer Zamrud Yahya, and the third

respondent, the Election Commis-sion (EC).

A total of 44 witnesses testifi ed during the 25-day hearing.

Khairuddin, when met by re-porters after the proceedings, said he would not appeal against the rul-ing and would continue to work for the welfare of the people in Jasin.

Ahmad said he was thankful for the court decision and would continue to discharge his duties as the MP.

In GE14, Khairuddin lost to Ah-mad by a 219-vote majority in a three-cornered fi ght. Ahmad re-

tained the seat when he obtained 26,560 votes, while Khairuddin had 26,341 and PAS candidate Abd Alim Shapie 8,860 votes.

Khairuddin fi led the petition in June last year asking the court to declare the GE14 result null and void and to order a fresh election to be held, alleging that the BN candidate was not elected legally.

Khairuddin was represented by lawyer V Muniandy while Datuk Mohd Hafarizam Harun represent-ed Ahmad, and Datuk Firoz Hussein Ahmad Jamaluddin represented Zamrud and the EC. — Bernama

Election Court rules BN win in Jasin valid

CONTINUESON PAGE 4

HONG KONG: Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor (pic) yesterday took aim at protesters against the extradition bill, reprimanding them for “or-ganising a riot”.

Hours before the protest de-scended into bitter clashes with police, a tearful Lam had also said she would not respond to calls to resign or withdraw the bill and that she had a clear conscience pushing it through.

In a video released by the gov-ernment news service yesterday evening, Lam slammed those who took part in the street protest around government headquar-ters and the legislature since the morning.

“Clearly, this was no longer a peaceful assembly, but a bla-tantly organised instigation of a riot. This could not be an act that shows love for Hong Kong,” she said. “Since this afternoon, some people have resorted to dangerous, or even potentially fatal, acts. These include arson, using sharpened iron bars and hurling bricks to attack police of-ficers, as well as destroying public facilities.”

She said such acts posed a se-rious threat to the safety of ordi-nary residents, young people who were planning to air their views peacefully, journalists, police officers and civil servants.

The bill, if passed, would allow Hong Kong to transfer fugitives to jurisdictions which do not have an extradition agreement with the city, including mainland China. Critics of the bill, both interna-tional and domestic, have ex-pressed concern about the pos-sibility of political prosecution on the mainland and the lack of a guarantee of fair trials.

Lam said she understood that there were different views about the extradition bill, noting that

Carrie Lam accuses protesters of ‘organising a riot’Some people have resorted to dangerous, or even potentially fatal, acts

since the handover, issues in-volving Hong Kong-mainland relations had often been “used by some people to cause conflicts”.

Lam said she would not respond to calls to resign or withdraw the bill.

“If radical and violent means achieve their aims, these scenes will only get worse, and defi nite-ly bring harm to Hong Kong,” she said, urging people to remain calm.

Hong Kong’s leader was emo-tional, even tearful, when she gave an interview with TVB at 8.30am, the same time young protesters started to storm onto the roads in Admiralty.

“I am worried and sad,” Lam said at her residence, Govern-ment House.

Police fi re tear gas and rubber bullets at Hong Kong protesters as chief calls clashes a riotShe was sad to see young people tak-ing to the streets, lamenting the fact the government had not been able to w o o m o re young peo-

ple to its side since the Occupy movement in 2014, when students also led the protest against Bei-

jing’s stringent reform frame-work for universal suffrage

in the city.Asked if she would

withdraw the bill, Lam said: “That this issue is controversial is indisput-able. Explaining [the bill]

and communication will help, but we may not be able to completely eliminate

these worries, anxieties or controversies.”

3THURSDAY JUNE 13, 2019 • THEED G E FINANCIAL DAILY

4 H O M E B U S I N E S S THURSDAY JUNE 13, 2019 • THEEDGE FINANCIAL DAILY

Ismee: SRC board not told about secret bank account Account was opened by Shahrol Azral before board appointments

S TO R I E S BY H A F I Z YAT I M

& PAW A I C H I N

KUALA LUMPUR: Former SRC In-ternational Sdn Bhd chairman Tan Sri Ismee Ismail concurred with Da-tuk Seri Najib Razak’s lawyers that the board, which he had chaired from August 2011 to August 2014, was never informed by former 1Ma-laysia Development Bhd (1MDB) chief executive offi cer (CEO) Da-tuk Shahrol Azral Ibrahim Halmi about an earlier account opened by the company on January 2011.

During his testimony on the 23rd day of the former premier’s SRC trial involving RM42 million at the High Court here yesterday, defence counsel Harvinderjit Singh showed the witness documents pertaining to the AmBank Islamic account ending 736 that was opened in Jan-uary 2011 by Shahrol Azral.

He agreed with the lawyer that although the account was opened by the former 1MDB CEO — who was also a board member of SRC — neither he nor the other board members were notified about it by Shahrol Azral or Nik Faisal Ariff Kamil, former managing director (MD) and CEO of SRC, during its fi rst board meeting on Aug 23, 2011.

“Shahrol Azral did not inform us (the SRC board) of the earlier account,” said Ismee, who is the former SRC chairman.

Th e witness agreed with Harvin-derjit that both Shahrol Azral and Nik Faisal should have told the board of the account’s existence

on its fi rst board meeting that day.On Aug 1, 2011 Ismee — along

with other board members includ-ing Shahrol Azral — was appointed as SRC director.

He was also made chairman of the board on the same day.

Th ese appointments took place while 1MDB was gaining ownership of SRC, seven months after its for-mation by Nik Faisal and Vincent Koh Beng Huat.

Witness stunned by KWAP money movement revelationsTh e witness was stunned by docu-ments detailing the transfer of the fi rst RM2 billion loan from the Re-tirement Fund Inc (KWAP) into the secret bank account ending 736, and not SRC’s other AmBank Islamic account ending 650 — which the board knew about.

His surprise grew upon learning — at that very moment — that the loan monies were also transferred out of the fi rst bank account with-out the board’s knowledge.

Th e witness was under the im-pression that all the transactions were done through the 650 account.

KUALA LUMPUR: Former SRC International Sdn Bhd chair-man Tan Sri Ismee Ismail agreed with former premier Datuk Seri Najib Razak’s lawyer Harvinderjit Singh that the company’s board may have been duped by its managing director (MD) Nik Faisal Ariff Ka-mal over its venture with Aabar Investments PJS.

Harvinderjit showed the witness Nik Faisal’s letter dated Aug 12, 2011 for the fi rst RM2 billion loan from Retirement

Fund Inc (KWAP) and his RM3.95 billion loan appli-

cation letter dated June 3, 2011 to Najib — and nowhere did it state that the loan application was for an investment with Aabar.

However, he was later shown the Aug 23, 2011 board minutes that mentioned of a joint venture suggesting it to be with Aabar.

The 54-year-old agreed with Harvinderjit that Nik Faisal may have misled the board when he sug-gested the Aabar-SRC partnership during the board meeting.

In the letter dated Aug 12, 2011 which was addressed to KWAP’s then chief executive offi cer Datuk Azian Mohd Noh, Nik Faisal — who is currently missing — had said the loan was necessary for the com-pany’s investments into natural resources and working investment.

Harvinderjit said the letter from Nik Faisal to the retirement fund was not shown to the board and suggested that it was incum-bent upon the former company

MD to present the letter to the directors.

Ismee also agreed with Harvin-derjit that the letter does not men-tion any joint venture and had used a diff erent letter head from the Aug 12 letter.

“I was not told about the let-ter after joining the board of SRC. While the minutes on Aug 23, 2011 stated of a possible joint venture, the Aug 12 letter states that it was seeking the loan for general invest-ment,” the witness affi rmed.

Ismee added that neither he nor the board was told about Nik Fais-al’s meeting with KWAP, and he has no knowledge of SRC asking Nik Faisal to liaise with KWAP over the potential initial fi rst loan.

Th e prosecution’s 39th witness said he only entered the picture in August 2011.

According to his earlier testi-mony, his appointment as board chairman took eff ect then.

‘It’s HK govt’s initiative, not Beijing’s, to introduce the proposal’

Nik Faisal may have duped us about Aabar Investments — ex-SRC chairman

Th roughout yesterday’s session, Najib’s defence team tried to shift the blame on Nik Faisal and Shah-rol Halmi.

His defence had claimed that the former premier did not know the money entering into his account was from SRC.

Th e former premier is charged with three counts of criminal breach of trust, three counts of money laundering and one count of abuse of power involving the RM42 million which is broken into three tranches of payment of RM27 million and RM5 million on Dec 26, 2014 and RM10 million on Feb 10, 2015.

Earlier testimonies from other

witnesses showed that the RM42 million Najib is accused of em-bezzling originated from SRC’s 650 account.

During the afternoon session, Is-mee was also shown the discrepan-cies between ID499 — which were the minutes of the meeting between Nik Faisal and Najib dated Sept 7, 2011 — and the board minutes on Sept 13, 2011 over a proposed in-vestment into Indonesia.

While Ismee noted that these were minor inconsistencies, Harvinderjit considered them to be relevant.

Th e hearing continues before Justice Mohd Nazlan Mohd Ghaz-ali today.

Najib (second from right) arriving in court for the trial. Photo by Patrick Goh

Ismee: Nik Faisal may have misled the board when he suggested the Aabar-SRC partnership during the board meeting. Photo by Patrick Goh

FROM PAGE 2 But she could not agree

with young people taking vi-olent action, she said.

“To use a metaphor, I’m a mother too, I have two sons,” she said. “If I let him have his way every time my son act-ed like that, such as when he didn’t want to study, things might be OK between us in the short term. But if I indulge his wayward behaviour, he might regret it when he grows up. He will then ask me: mum, why didn’t you call me up on that back then?

Teachers’ union calls for class boycott over extradition clashesShe dismissed criticism that she had betrayed Hong Kong with the bill.

“How could I have? I grew up here with all other Hong-kongers. My love for this place has prompted me to make many personal sacrifices.”

“I have a husband at home who doesn’t care about pol-itics or global affairs ... This was what he said — ‘How could you have sold out Hong Kong? But the one problem you have, I would say is, af-ter becoming the chief exec-utive, you have sold yourself to Hong Kong’”.

It was the Hong Kong gov-ernment’s own initiative, not Beijing’s, to introduce the pro-posal, she said.

Early closing for some, bonanza for others — how protests affected businessesAsked if she thought the bill saga had provided leverage to the US in its trade tensions with China, Lam said the tim-ing was “a coincidence” and it was beyond her expectations that the bill would become complicated by the trade war.

She would not comment on suggestions that there were “foreign forces” interfering with the bill’s passing as the US, Britain and the European Union had expressed con-cerns.

“What I can say is some Western countries … the level of concern they expressed is something I have never seen before,” she said.

Democratic Party lawmak-er James To Kun-sun said Lam was shedding “crocodile tears” as she had flatly ignored public opinion against the bill, as reflected by a Sunday march when a million took to the streets, according to organisers.

To also said it was inap-propriate for Lam to equate listening to public opinion to “indulging” children’s way-ward behaviour. — South Chi-na Morning Post

H O M E B U S I N E S S 5THURSDAY JUNE 13, 2019 • THEED G E FINANCIAL DAILY

KUALA LUMPUR: Mimos Bhd, an applied research and develop-ment agency under the ministry of international trade and industry (Miti), has denied the allegation that the recent dismissal of four of its senior executives was an at-tempt to cover up the pilferage of large sums of project funds.

In a press statement yesterday in response to recent news reports on the matter, Mimos said the do-mestic inquiry panel had found that the four executives, including its president and chief executive offi cer (CEO), were in breach of the company’s policies and code of conduct, and as such, disciplinary action was taken to dismiss them.

“Mimos vehemently denies the allegation of any cover-up being the cause of the recent dismissal of four senior executives, including its president and CEO.

Two local Malay language dai-lies had reported on Tuesday on these allegations made by a local political party that the four execu-tives were dismissed as an attempt to cover-up pilferage of large sums of project funds.

“Th e four executives concerned were the subject of an exhaustive investigation by Mimos’ internal audit team, which led to the due process of domestic inquiries and were subsequently dismissed in April 2019,” said Mimos.

“The domestic inquiries by

Mimos were conducted with full transparency and independence without any interference by the management and the board of di-rectors of Mimos. Th e domestic inquiry panellists included senior representatives from the govern-ment,” the agency added.

Mimos said the executives were given ample opportunities to pres-ent their respective cases at all stag-es of disciplinary proceedings.

“Mimos takes pride in following due process and treating its em-ployees and offi cers with fairness and respect.

“Mimos has always adhered strictly to corporate governance practices, as well as abided by the policies and guidelines of both Miti and the ministry of fi nance. Any project implementation and contract award is always subject to regular internal control processes and treasury guidelines of the Ma-laysian government.

“Mimos has sought legal advice and will take the necessary action against those responsible for the allegations put forth against it,” it added.

Over 1,000 fi rms eyeing 40% civil work portion of ECRL projectMRL and CCCC say 1,321 submissions from CIDB-registered fi rms were received during the pre-Q exercise

KUALA LUMPUR: Cutting tools manufacturer and distributor HPMT Holdings Bhd was down on its luck on its maiden trading day. Its share price fi nished 11% below its issue price given the current lacklustre market conditions.

Th e company’s share price closed at 50 sen, six sen lower than its issue price of 56 sen. Some 71.19 million shares were traded, topping Bursa Malaysia’s most active list.

Th e stock touched its intraday high of 58 sen shortly after the open-ing bell. Soon after it headed south touching a day’s low of 49.5 sen.

Oversubscribed by seven times, HPMT’s initial public off ering (IPO) yesterday marked Bursa Malaysia’s second Main Market listing this year, following Leong Hup Inter-national Bhd’s relisting in May. Th e poultry farmer’s share price fi nished fl at on its listing day.

According to HPMT’s managing director Khoo Seng Giap, the group plans to stay competitive in the glob-al market by growing its customer base and working closely with local industry partners, Bernama reported.

“As long as there is demand from customers and stable market con-dition, there will be opportunities for us to grow.

“But if every three to six months, the economic environment keeps changing, then it will be a problem because people will hold back on their investments,” he was quoted by the media as saying after the listing ceremony yesterday.

Bernama reported Khoo as saying that HPMT plans to explore work-ing with new and competent local partners linked to the industrialised zone to increase its customer base in Malaysia, China and Germany.

“As our products and services are not household products and catered to industrial sectors including aero-space, medical and automobile, we need to continuously position our-selves competitively for opportuni-ties despite the headwinds.

“We think China still plays an im-portant [role] and [is a] huge market alongside West Europe and East Eu-rope,” Khoo reportedly said, adding that the Japanese, Italian and Indian markets have shown signs of growth, while Turkish and Malaysian mar-kets were more volatile.

Inter-Pacifi c Research Sdn Bhd forecast HPMT’s earnings to con-tract 4.9% in its fi nancial year 2019 (FY19) before expanding 35.9% in FY20.

The research house said the company’s merits are its capaci-ty expansion of 46% by the end of 2021, sustained growing demand for cutting tools due to heavy us-age and short lifespan, as well as a well-diversifi ed market and end-users industry as it has a glob-al footprints across more than 30 countries.

“Our valuation of FY20 earnings per share of 4.8 sen is pegged at 13 times price-earnings ratio (PER), a fair value of 62 sen, translating into a potential upside of 11.1%.

“Our PER valuation of 13 [times] observed is comparable with its clos-est peer Japan, NS Tool Co Ltd,” said the stockbroker in a note.

HPMT’s IPO involved 116.62 million shares at an off er price of 56 sen each.

HPMT raised RM42.3 million, of which RM34 million has been ear-marked for the purchase of new ma-chinery while RM2.9 million would be used as working capital.

HPMT dips below off er price on maiden trading day

BY S U R I N M U R U G I A H

BY TA N X U E Y I N G

BY TA N X U E Y I N G

How are other Bursa newcomers doing so far? COMPANY BOARD LISTING DATE ISSUE PRICE LAST PRICE* CHANGE SINCE

(2019) (RM) (RM) LISTING* (%)

Matrix Parking Solution Holdings Bhd LEAP Market June 10 0.13 0.17 30.77Fibromat (M) Bhd LEAP Market May 30 0.29 0.32 10.34Leong Hup International Bhd Main Market May 16 1.1 1.07 -2.73Smile-Link Healthcare Global Bhd LEAP Market April 23 0.11 0.085 -22.73EquitiesTracker Holdings Bhd LEAP Market March 7 0.17 0.18 5.88Uni Wall APS Holdings Bhd LEAP Market Jan 15 0.16 0.55 243.75Gagasan Nadi Cergas Bhd ACE Market Jan 8 0.3 0.26 -13.33DPI Holdings Bhd ACE Market Jan 7 0.25 0.175 -30.00*As at June 12 Sources: Bursa Malaysia, Bloomberg

KUALA LUMPUR: More than 1,000 construction companies nation-wide are eyeing the 40% civil work portion of the RM44 billion East Coast Rail Link (ECRL) project fol-lowing a pre-qualifi cation (pre-Q) exercise to identify potential sub-contractors.

In a joint statement yesterday, Malaysia Rail Link Sdn Bhd (MRL) and China Communications Con-struction Company Ltd (CCCC) said a total of 1,321 submissions from Construction Industry Devel-opment Board (CIDB) registered companies were received by ECRL’s main contractor, CCCC, during the pre-Q exercise on May 29 and May 30 this year.

MRL and CCCC said participa-tion of G7 category of CIDB-rated companies topped the list with 859 submissions or 65%.

Th is was followed by the Grade G5 category with 134 submissions and Grade G4 category with 132 submissions.

The remainder consisted of Grade G3 and Grade G6 with 104 submissions and 92 submissions respectively.

Th e fi rms said bumiputera par-ticipation was also very encourag-ing. Th e two-day ECRL pre-Q exer-cise had recorded submissions of 994 bumiputera engineering and construction companies repre-senting 75.25% of the overall reg-istration.

MRL, being the ECRL project owner, highly encouraged local industry players especially local contractors to proactively seize any opportunities to participate in the ECRL project not just as contrac-tors but also as suppliers, consult-ants and other relevant scopes. It is MRL’s hope that local contrac-

Mimos denies project fund pilferage cover-up allegation

tors can bring their A-game and demonstrate their capabilities, their technical know-how and off er their services competitively.

MRL chief executive offi cer Da-tuk Seri Darwis Abdul Razak said the fi rm hopes that the ECRL pro-ject will be an exemplary govern-

ment project that demonstrates the capabilities of local contractors to work with an international con-tractor in carrying out and meeting the high standards of a large-scale infrastructure project.

“With the participation of local contractors, this will not just act as stimulus to the local construction sector but will also serve as a cat-alyst in the transfer of knowledge and technology in view of the ECRL project to be among the most chal-lenging engineering and construc-tion projects in Malaysia,” he said.

Meanwhile, China Communi-cations Construction (ECRL) Sdn Bhd managing director Bai Yinzhan said Malaysian local contractors would highly benefi t from the co-

Mimos takes pride in following due

process and treating its employees with

fairness and respect.

operation and sharing of knowledge and technology that will, in the end, maximise the commercial impact of the Malaysian government’s in-vestment by increasing the com-petitiveness and also improve the quality of products and services provided by Malaysian contractors.

MRL said following the pre-Q exercise, it will be working closely with CCCC in the evaluation and shortlisting process for 1,321 con-struction companies to be potential tenderers of the ECRL’s civil work packages.

It said companies that are short-listed will be notifi ed in writing by CCCC.

MRL, a wholly-owned subsidi-ary of the Minister of Finance Inc, is the project and asset owner of the ECRL.

Th e 640km rail network is sched-uled for completion by December 2026.

Darwis says MRL hopes that the ECRL project will be an exemplary government project that demonstrates the capabilities of local contractors. The Edge fi le photo

6 H O M E B U S I N E S S THURSDAY JUNE 13, 2019 • THEEDGE FINANCIAL DAILY

BY C H E S T E R TAY

BY J U S T I N L I M

KUALA LUMPUR: ACE Mar-ket-listed Wegmans Holdings Bhd, a home furniture maker, said it has submitted a proposal to transfer its listing to the Main Market of Bursa Malaysia.

In a press statement yesterday, Wegmans managing director Keh Wee Kiet said the company has met the criteria for the transfer, in-cluding meeting the profi t track re-cord, public shareholding spread, healthy fi nancial position and li-quidity.

“This signifies the financial strength of our group, and we shall continue to build on the solid foun-dation moving forward,” he added.

After making adjustments to exclude non-recurring nature and items not in its ordinary business, Wegmans’ adjusted aggregate prof-it after tax (PAT) for the past three years amounted to RM40.55 mil-lion, with a PAT of RM11.82 million for the fi nancial year ended Dec 31, 2018 (FY18).

Wegmans said it has exceeded the profi t requirements for the mi-gration to the Main Board, which requires the group to have an ag-gregate PAT of at least RM20 mil-lion for the past three full fi nancial years, as well as a PAT of at least RM6 million for the most recent fi nancial year.

Wegmans’ cash balance was at RM11.17 million and net cash fl ow from operating activities stood at RM14.13 million as at end-Decem-ber 2018. Its current ratio remained healthy at 1.65 times.

As at June 3, Wegmans has a public shareholding spread of about 30% comprising 1,473 pub-lic shareholders holding not less than 100 ordinary shares each, exceeding the minimum require-ment of 25% public sharehold-ing in the hands of 1,000 public shareholders.

“The proposed transfer is a major milestone for us. Th e ex-ercise forms part of our eff orts to enhance the group’s credibility, prestige and reputation, while according our group with greater recognition and acceptance by in-vestors, particularly institutional shareholders.

“In addition, the proposed transfer shall enhance the confi -dence of all our stakeholders and better refl ect our group’s current scale of operations. We will also have enhanced access to the broader capital market to fund our future growth plans,” said Keh.

Th e proposed transfer is sub-ject to approvals from the Securi-ties Commission Malaysia, Bursa Securities and any other relevant authority, if required. Th e applica-tion for the proposed transfer shall be made within two months, and barring unforeseen circumstances and subject to all relevant approv-als being obtained, the exercise is expected to be completed by the fourth quarter of 2019.

Wegmans was listed on the ACE Market in March last year. Yester-day, its share price closed one sen higher at 32 sen, giving it a market capitalisation of RM160 million.

Wegmans wants to transfer listing to Main Market

KUALA LUMPUR: Bermaz Auto Bhd (BAuto), the sole distributor of Mazda vehicles in Malaysia, saw its fourth-quarter net profi t rise 5.02%, on lower operating overheads.

Net profi t for the fourth fi nan-cial quarter ended April 30, 2019 (4QFY19) increased to RM60.06 million from RM57.19 million a year ago.

Th is resulted in a higher earnings per share of 5.18 sen compared with 4.93 sen per share in 4QFY18.

Quarterly revenue, however, fell 5.66% to RM538.28 million from RM570.59 million a year ago, mainly due to lower vehicle sales volume recorded from both the domestic and the Philippine operations.

KUALA LUMPUR: Muhibbah En-gineering (M) Bhd is exploring opportunities to participate in the transportation of natural gas for the power plants in Indonesia.

Speaking to reporters after the group and its 59.2%-owned Favelle Favco Bhd’s annual general meet-ings yesterday, Muhibbah’s man-aging director Mac Ngan Boon said Muhibbah wants to broaden its earnings base through recur-ring income.

“Th e company is looking into other areas where we think there is potential. Our focus will be on the [Asean] region, we are quite open-minded. Like Indonesia, for example, we are talking to one of the IPPs (independent power producers), which want to use gas to run its power business, so they got us to look at building some facilities to do regasifi cation and so on,” he said.

Mac said the discussion mainly revolved around the logistics of natural gas to power plants, in-cluding gas transportation into smaller islands in the country.

“We got our experience from [the] Regas Terminal (Sg Udang) Sdn Bhd job in Melaka, which is our reference point. So these are things that we are working [on], it is very initial, these are all mar-ket development. Th ey see us as a potential viable partner,” he said.

Regas Terminal is a whol-ly-owned subsidiary of Petronas Gas Bhd.

On Muhibbah’s existing busi-nesses, Mac expects the domestic construction market to remain competitive moving forward.

“Domestic side, we don’t see

Muhibbah eyes Indonesian regasifi cation projectIt is exploring ways to transport natural gas for power plants there

MD hopes to resolve Bintulu Port contract termination claim this yearKUALA LUMPUR: Muhibbah Engineering (M) Bhd managing director (MD) Mac Ngan Boon hopes to resolve the group’s claim from the RM584.84 million contract termination by Bintulu Port Authority this year.

Mac told reporters yesterday that the group is optimistic in obtaining a fair claim, as both parties are not taking advantage of each other and have been able to remain on good terms.

“We have already submitted our claims in April, so we are having regular meetings trying to resolve what is fair to both parties. Th is is ongoing, so no numbers at the moment.

On Jan 17, Muhibbah an-nounced that the Bintulu Port Authority had cancelled the con-tract that was rewarded to the

company to build a supply base wharf at the second harbour ba-sin of the port in Sarawak. Th e project, which was awarded to Muhibbah Viccana JV on April 28, 2017, was expected to be com-pleted by end-2019.

Mac said the termination was because the port authority had second thoughts on Bintulu Port’s future development.

“They stopped the job be-cause they had second thoughts on what they want to build, so they decided to shelve it. We view this termination as something that the port wants to rethink, because there are diff erent ways [on] what to do with future de-velopment, whether they want to go fully into supply base, or fully into extending the container side,” he said.

much growth as compared to the region. I just give you a perspective and you draw the conclusion for East Coast Rail Link (ECRL). Th ere are over 1,000 companies [which] registered their interest, so it is very competitive. We registered, so we are only one of the 1,000.

“To me, we would like to be in-volved [in ECRL] if we can get a de-cent margin. We are not going to do a cut throat [business] and involve ourselves for the sake of just being involved,” he said.

On the group’s Cambodian air-ports concession, Mac is optimistic that traffi c growth will remain at double digits in 2019.

“Th e latest development in Siha-noukville, where they are opening up the city to gaming investment, we see a lot of potential in the airport there. Th ey are trying to replicate Macau, so recently a lot of licences [have been] issued,” he said.

With regards to Favelle Favco,

Mac, who is an executive director in the crane builder, said the mar-ket has saturated, and demand for crane ownership is shifting towards outsourcing crane services.

Th erefore, Mac said the group will increase its fl eet for the crane rental market, while expanding Favelle Favco’s newly-acquired in-telligence automation business.

“Our intelligence automation business focuses very much on the oil and gas sector, so we are looking at whether we can expand it into other sectors globally,” he said.

“People don’t understand why Favelle Favco, a crane company, is going into automation businesses.

What they don’t see is the manage-ment’s [view] that singular products are very cyclical. As a producer of just crane, it is up and down, so the idea is to broaden the earning base — if one sector is down, hopefully the other sector maintains,” he said.

Mac also said diversifying the group’s income is increasingly im-portant due to growing uncertain-ties in the global economy.

“Th e market is very uncertain, I cannot tell you whether I am op-timistic, neither can I tell you I am pessimistic, but I am very cautious, in the sense that I cannot predict, because the world has become too uncertain,” he said.

Bermaz Auto ends FY19 on high note, pays 10.5 sen dividend for 4Q

RM

1.60

2.05

2.50

May 21, 2018 June 12, 2019

Bermaz Auto Bhd

RM2.40

“During the quarter under re-view, the sales volume in Malaysia normalised as the group had fulfi lled all back orders received during the tax holiday prior to Sept 1, 2018,” BAuto said in a fi lling with Bursa Malaysia yesterday.

“Sales volume from the Philip-pine operations continues to be af-fected by the Tax Reform for Acceler-ation and Inclusion (Train) law that was implemented in January 2018. The Train law has caused an in-crease in excise tax and consequent-ly, car prices have also increased, thus dampening the demand for motor vehicles in the Philippines,” it added.

Th e group has declared a fourth interim dividend of 3.5 sen per share and a special dividend of seven sen

per share, totalling a payout of 10.5 sen per share, payable on July 25.

“Th e total dividend declared for

the fi nancial year ended April 30, 2019 (FY19) amounted to 21.25 sen per share compared with 10.4 sen in FY18,” it said in a separate statement.

For full FY19, the group’s net profi t jumped 89.51% to RM265.27 million from RM139.98 million in FY18, while revenue rose 25.05% to RM2.49 billion from RM1.99 billion.

Going forward, the group expects the launch of the all-new Mazda3, CX-8, CX-30 and the new facelift of the ever popular CX-5 model in the second half of this year to mitigate some of the challenges that could dampen local consumer sentiment. Th is include uncertainties over the ongoing trade spat between US and China, the persistently weak ringgit and more stringent hire purchase guidelines.

Mac expects the domestic construction market to remain competitive moving forward. The Edge fi le photo

H O M E B U S I N E S S 7THURSDAY JUNE 13, 2019 • THEED G E FINANCIAL DAILY

Malaysia’s end-May palm oil stocks fall to 10-month low — MPOBPrices have eased about 5% since the start of the year

BY E M I LY C H O W

BY A D A M A Z I Z

BY A R J U N A C H A N D R A N S H A N K A R

BY TA N X U E H I N G

mil tonne

Malaysia’s palm oil inventory

Source: MPOB

2017 2018 2019

2.00

2.28

2.56

2.84

3.12

3.40

Dec

Feb

Apr

il

June

Aug Oct

Dec

Feb

Apr

il

KUALA LUMPUR: Malaysian palm oil stockpiles fell to a 10-month low at end-May, according to offi cial data yesterday, extending monthly falls since March, as export gains outpaced an unexpected rise in production.

Th e benchmark palm oil pric-es have eased about 5% since the start of the year, weighed by con-cerns about high stocks and fl at demand. Falling stockpiles could support palm prices, which were last up 0.1% at RM2,009 a tonne at the midday break.

Stockpiles at end-May in Ma-laysia, the world’s second larg-est producer of the edible oil, fell 10.3% to 2.45 million tonnes from the previous month, data from industry regulator the Malaysian Palm Oil Board (MPOB) showed.

It was the third straight month of inventory declines and took stocks to their lowest levels since July 2018.

“Stocks went down on higher exports and local consumption,” said a trader at an oil palm milling company, adding that Malaysia’s

local consumption of palm oil rose due to higher demand during the Muslim fasting month of Ramadan.

Exports rose for a third month in a row in May, up 3.5% from April to 1.71 million tonnes, the MPOB data showed, taking shipments to their highest since August 2016.

“June exports might not be as good as May as the Ramadan and Eid demand will be over,” said the trader.

Ramadan sees Muslims world-

wide break day-long fasts with communal feasting for a month leading up to Eid, increasing us-age of palm oil for cooking pur-poses.

Palm oil output unexpectedly rose slightly in May by 1.3% on a month earlier to 1.67 million tonnes, taking production to its highest for the month of May in four years.

“Th ere was a higher number of working days in May, and workers may have harvested more aggres-sively before going on holidays,” said a Kuala Lumpur-based futures trader, referring to the Eid public holidays in early June.

“June production then should be lower,” the futures trader added.

A Reuters survey had expected production to dip in May as fast-ing during Ramadan would aff ect the productivity of workers on oil palm estates.

Th e Reuters poll had forecast palm oil stockpiles at end-May to fall 9.7% to 2.46 million tonnes. Production was seen dropping 2% to 1.61 million tonnes, while exports were pegged to rise 3.3% to 1.71 million tonnes. — Reuters

KUALA LUMPUR: MSM Malaysia Holdings Bhd and Central Sugars Refi nery Sdn Bhd (CSR) want the government to reconsider its deci-sion to grant sugar import permits to eight Sarawak-based food and beverage (F&B) manufacturers.

In a statement yesterday, the sugar refi ners said the move would force the domestic sugar refi ning industry to cut costs besides hav-ing negative long-term impacts.

It would also reduce the securi-ty stock cover for the country and close loss-making factories to re-duce costs and capacity, they said.

“Th is will inevitably have a neg-ative impact on the country in the mid to long term, especially when global sugar prices increase. Th is is a risk that our nation cannot aff ord to take,” they said.

In particular, they highlighted that domestic sugar refi ners hold sugar stocks lasting two to three months, which are valued between RM180 million and RM210 million, resulting in an annual cost of RM7 million to RM20 million on refi ners.

Th e sugar refi ners added that once sugar prices rise, it will be up to local sugar refi ners to ab-sorb price fl uctuations and en-sure a stable supply.

MSM and CSR noted that sugar, which is a controlled sub-stance, now has a retail price of RM2.85 a kg — one of the lowest levels worldwide, and the move to import sugar at a lower price is the result of “dumping” excess supply that currently character-ises the market and has contrib-uted to lower sugar prices.

Th is, in turn, makes foreign im-ports cheaper than locally-refi ned sugar, exacerbating existing margin pressure on local sugar refi ners.

“As such, from a consumer standpoint, the sugar brought in by companies granted the approved permits may not have the neces-sary “halal” certifi cation and even if they have, it remains doubtful whether they are legitimate. Con-sumers are advised to be vigilant when buying and consuming prod-ucts manufactured by these F&B companies,” said MSM and CSR.

On June 7, the domestic trade and consumer aff airs ministry approved the permits for the F&B manufacturers to import sugar from abroad. Its Deputy Minister Chong Chieng Jen said the import permits would help reduce the cost of production in factories, as the price for raw sugar was RM1.40 a kg, while refi ned sugar was RM1.80 a kg.

KUALA LUMPUR: Crest Builder Holdings Bhd expects its earn-ings in the current fi nancial year ending Dec 31, 2019 (FY19) to be “close” to the record level seen in FY18, when the group benefi ted from a slew of property launches in Shah Alam.

Speaking to reporters after the group’s annual general meeting yesterday, managing director Eric Yong said the company plans to focus on construction jobs in FY19 now that its Shah Alam property development “Th e Greens” is al-most fully taken up.

“FY19 will not be a record year [in terms of net profi t], but will be close enough to FY18’s fi gures. We are seeing how to drive the con-struction segment to compensate for the slowdown under the prop-erty segment,” said Yong.

In FY18, Crest Builder’s net prof-it more than doubled to a record RM70.38 million from RM28.06 million in FY17, with revenue ris-ing 19.49% to RM595.51 million, from RM498.29 million. More than half of the FY18 bottom line came from property development.

Crest Builder’s unbilled con-struction order book currently stands at around RM1 billion, in-

clusive of RM100 million new jobs secured in the fi rst half of 2019. Th e group is targeting to secure another RM500 million worth of contracts this year.

Crest Builder has suff ered de-lays in the launches of its three property projects along Jalan Am-pang and in Kelana Jaya, where Crest Builder forms a strategic partnership as a developer with the respective landowners.

Th e two Jalan Ampang projects — Latitud8 with Prasarana Ma-laysia Bhd and the project with Malaysian Rubber Board (MRB) — are at a design resubmission stage to Kuala Lumpur City Hall.

For Latitud8, the design change was to incorporate more office suites in light of the shifting de-mand towards smaller officer spaces. Th e MRB project needed to be redesigned no thanks to the alignment of the DUKE 3 Highway

which took up 20% of the land parcel involved.

Similarly, the Kelana Jaya trans-port-oriented development (TOD) project is still at zoning and land authority approval stage. Th ere is no issue with the project, said Yong, but it is still waiting to be gazetted in bulk alongside oth-er projects involving landowner Prasarana.

Yong also updated that the RM400 million land swap deal in Kepong, involving the previ-ous administration, is on hold. It would have entailed Crest Builder to develop high-rise properties on the site in exchange for stra-tegic land parcels owned by the government.

“We are still talking to the cur-rent administration to see how we could revive [the project],” he said.

“In hindsight, [all] the delays may turn out to be positive [to Crest Builder]. Th e property mar-ket was on the downtrend over the last two years … Th ere was no point launching a project during the downtrend,” he added.

Moving forward, Crest Builder has entered into the pre-qualifi ca-tion process in order to tender for other TOD projects with the East Coast Rail Link in Negeri Sembi-lan and parts of western Pahang.

Crest Builder to focus on construction in FY19KUALA LUMPUR: Sarawak-based oil and gas (O&G) support servic-es provider, Ocean Vantage Hold-ings Bhd, which is en route to an ACE Market listing, is off ering 82.2 million new shares in an initial public off ering (IPO) to broaden the range of services it off ers to both upstream and downstream players.

It will also off er for sale 41.1 million existing ordinary shares to selected investors.

Of the 82.2 million IPO shares, which represent 20% of its en-larged share capital, 20.55 million shares are available for public sub-scription, 4.11 million shares are for application by eligible direc-tors and employees, while 57.54 million shares are to be privately placed to selected investors.

Th e issue price has yet to be fi xed, according to its prospectus exposure released on the Securi-ties Commission Malaysia website.

The company envisions the IPO proceeds will be used main-ly to broaden its range of support services and as capital expendi-ture for its downstream O&G seg-ment, other than to fund its general working capital.

Th e group said it plans to fur-ther expand its range of support services for the upstream O&G in-dustry to include underwater div-ing services, as well as advanced

non-destructive testing (NDT) and inspection services in an eff ort to broaden its revenue stream.

“We plan to further strengthen our EPC (engineering, procure-ment and construction) and pro-ject management capabilities for the downstream O&G segment to broaden our revenue stream and capture opportunities in the downstream O&G segment”, said Ocean Vantage.

In tandem with the expected growth in its business, the group said a portion of the public issue proceeds will be used to fi nance additional working capital require-ment such as the expansion of the workforce and to secure distribu-torship for new products.

Ocean Vantage’s history can be traced back to 2011 when it commenced operations as a pro-vider of engineering, fabrication and NDT inspection and testing services.

Currently, the group supports upstream and downstream activ-ities in the O&G industry by pro-viding services such as EPC and project management, supply of manpower, materials, tools, and equipment, as well as drilling rig charter services.

In its fi nancial year ended Dec 31, 2018, Ocean Vantage registered a net profi t of RM5.17 million, up 71% from RM3.02 million in the preceding year, while revenue grew 27% to RM30.49 million.

Govt urged to reconsider sugar import permitsfor F&B manufacturers

Ocean Vantage to off er 82.2 millionIPO shares in ACE Market listing

FY19 will not be a record year [in terms of net profi t], but will

be close enough to FY18’s fi gures.

8 ST O C KS W I T H M O M E N T U M THURSDAY JUNE 13, 2019 • THEEDGE FINANCIAL DAILY

www.theedgemarkets.com

Stocks with momentum were picked up using a proprietary algorithm by Asia Analytica Data Sdn Bhd and fi rst appeared at www.theedgemarkets.com. Please exercise your own judgement or seek professional advice for your specifi c investment needs. We are not responsible for your investment decisions.

Our shareholders, directors and employees may have positions in any of the stocks mentioned.

H O M E BU S I N E S S

IRB accepts voluntary declaration by Seacera unit for RM22.18m overdue tax

Penang’s approved manufacturing investments rise more than sevenfold

TRADING of shares in Bonia Corp Bhd (fun-damental: 1.95/3, valuation: 1.1/3) triggered our momentum algorithm for the third time this year.

Th e last time the stock triggered the al-gorithm was on May 31. Its share price was unchanged at 33.5 sen yesterday — with a market capitalisation of RM265.28 million. Some 1.74 million shares changed hands as compared with the counter’s 200-day aver-age volume of 529,656.6 shares.

Th e fashion retailer posted third quarter

ended March 31, 2019 net loss of RM167,000 from a profi t of RM1.28 million in the cor-responding quarter last year. Quarterly rev-enue, however, grew 12.2% to RM116.92 million. Earnings per share for the quarter slipped into negative territory with a loss per share of two sen.

For the cumulative nine months ended March 31, 2019, net profi t shrank 34.52% to RM9.56 million, from RM14.59 million. Revenue for the period increased 5.64% to RM348.35 from RM329.76 million.

TRADING of shares in Ikhmas Jaya Group Bhd (fundamental: 0.55/3, valuation: 0.9/3) trig-gered our momentum algorithm for the sec-ond time this month. Th e last time the coun-ter triggered the algorithm was on Tuesday.

Th e counter closed unchanged at 21 sen yesterday — with a market capitalisation of RM114.52 million.

Th e group saw 11.63 million of its shares traded, versus its 200-day average volume of 3.31 million shares. Th e counter was the 28th most active yesterday.

In the spate of two days, the group has won three subcontract jobs worth a total of RM480.3 million.

On Tuesday, the group announced that its unit Ikhmas Jaya Sdn Bhd had secured a 26-month subcontract job worth RM405 mil-lion from Pembinaan Raya Zira Sdn Bhd for subcontract works for the construction and completion of Light Rail Transit Line 3 from Bandar Utama to Johan Setia, Package GS09 — guideway, stations, park and ride, ancil-lary buildings and other associated works.

TRADING of shares in SMTrack Bhd (funda-mental: 1.2/3, valuation: 0/3) triggered our momentum algorithm for the sixth time this year and the second time this month. Th e last time that the counter triggered the algorithm was on Tuesday.

Th e counter closed 5.56% or one sen higher at 19 sen yesterday — with a market capital-isation of RM26.8 million.

Th ere were some 16.58 million shares trad-

ed yesterday, as compared with the counter’s 200-day average volume of 1.83 million shares.

On April 13, the group announced that it had entered into a memorandum of under-standing with Dexma Express Sdn Bhd to explore potential investment opportunities in courier Citilinks’ Malaysia’s operation.

SMTrack will purchase 60% of Dexma for RM2.8 million — with the latter renaming itself as Citilink Aviation Malaysia Sdn Bhd.

KUALA LUMPUR: Seacera Group Bhd, which has nearly missed the deadline to submit its quarterly fi nancial accounts, said the Inland Revenue Board (IRB) has accepted the voluntary declaration by its unit to settle an overdue tax for the years of assessment of 2009 and 2012 totalling RM22.18 million.

In a fi ling with the stock exchange yes-terday, Seacera said its unit Duta Skyline Sdn Bhd yesterday received a letter dat-ed May 31 from IRB to settle the amount before July 1.

It said its voluntary declaration letter dated May 13 was signed by Datuk Ismail Othman (one of the vendors and direc-tors of Duta Nilai Holdings Sdn Bhd and Duta Skyline) without written approval from the board of directors of Duta Sky-line and Seacera.

Seacera said the additional tax due amount of RM22.18 million occurred prior to Seacera’s acquisition of Duta Nilai Hold-ings on Nov 16, 2016. Duta Nilai Holdings wholly owns Duta Skyline.

“Accordingly, the board of directors of Seacera is [of ] the opinion [that] the additional tax amount is personally pay-able in full by the vendors of Duta Nilai Holdings as the additional tax constitutes a clear breach of vendors warranties un-der Clause 9.2 and paragraph 6.1 and paragraph 6.2 of Schedule 7 of the sale and purchase agreement dated Nov 16, 2016,” Seacera said.

Th e group said it is seeking legal ad-vice on the next course of action to be taken and that further announcement

GEORGE TOWN: Penang attracted ap-proved investments worth RM8.8 billion in the manufacturing sector in the fi rst quarter of 2019 (1Q19), up 763% from RM1.02 billion in the same period last year.

Chief Minister Chow Kon Yeow said de-spite the intensifying trade and technology disputes between the US and China that created uncertainties in the global trade and economic outlook, Penang remained a favoured investment destination.

“According to the Malaysian Invest-ment Development Authority, from Jan-uary to March this year, Penang success-fully garnered 41 projects amounting to RM8.85 billion, which represented 35% of Malaysia’s total approved investments in manufacturing,” he told a press confer-ence yesterday.

Th e approved manufacturing invest-ments in 1Q19 already surpassed the full-year approved investment fi gure of RM5.8 billion in 2018, he said, adding that they were expected to create 10,073 job oppor-tunities in Penang.

Of the total investments approved in the quarter under review, foreign direct investment accounted for RM8.47 billion while the rest was domestic investment, Chow said.

“Th e optimal combination of robust supply chain, strong talent pool, well-es-

tablished infrastructure and the state’s support services to investors makes Penang a preferred destination for investments,” he said.

However, Chow, who is also the chair-man of the Penang Strategic Investment Advisory Council, said while Penang could be a preferred investment destination in the middle to long run, he was cautiously optimistic about the near-term outlook due to the latest trade war development.

He said there was a truce in the trade war in 1Q19 but the situation had wors-ened since.

“US President Donald Trump has threatened to slap tariffs on another US$300 billion (RM1.25 trillion) of Chi-nese exports to the US, and the meeting between Trump and China’s leader Xi Jin-ping later this month is crucial,” he said.

He also cautioned that the superb in-vestment performance in the manufactur-ing sector in 1Q19 might not be repeated in 2Q19 and 3Q19; however, Penang’s in-vestment outlook would be on the right track over the medium to longer term.

“Th rough InvestPenang, the Penang government will continue to focus on bringing in high-quality investments that would create high-value jobs and suit the state’s industry profi le,” he said. — Bernama

BONIA CORP BHD Valuation score*Fundamental score**TTM P/E (x)TTM PEG (x)P/NAV (x)TTM Dividend yield (%)Market capitalisation (mil)Shares outstanding (ex-treasury) milBeta12-month price range

1.101.95

17.99(0.53)

0.71-

265.28791.88

0.960.21-0.34

*Valuation score - Composite measure of historical return & valuation**Fundamental score - Composite measure of balance sheet strength& profitabilityNote: A score of 3.0 is the best to have and 0.0 is the worst to have

IKHMAS JAYA GROUP BHD Valuation score*Fundamental score**TTM P/E (x)TTM PEG (x)P/NAV (x)TTM Dividend yield (%)Market capitalisation (mil)Shares outstanding (ex-treasury) milBeta12-month price range

0.900.55

--

0.63-

114.52545.35

1.120.10-0.35

*Valuation score - Composite measure of historical return & valuation**Fundamental score - Composite measure of balance sheet strength& profitabilityNote: A score of 3.0 is the best to have and 0.0 is the worst to have

SMTRACK BHD Valuation score*Fundamental score**TTM P/E (x)TTM PEG (x)P/NAV (x)TTM Dividend yield (%)Market capitalisation (mil)Shares outstanding (ex-treasury) milBeta12-month price range

0.001.20

--

2.04-

26.80148.90

1.780.06-0.18

*Valuation score - Composite measure of historical return & valuation**Fundamental score - Composite measure of balance sheet strength& profitabilityNote: A score of 3.0 is the best to have and 0.0 is the worst to have

BONIA CORP BHD (+ve)

IKHMAS JAYA GROUP BHD (-ve)

SMTRACK BHD (-ve)

will be made accordingly.On Tuesday, Seacera submitted its un-

audited quarterly fi nancial report — post-ing a net loss of RM102.15 million for the quarter ended March 31, 2019 — just in time to avoid the suspension of its shares yesterday.

Recall the stock exchange last Tues-day threatened to suspend the trading of the tile maker’s shares if the regulator was not furnished with the report by or before Tuesday.

Meanwhile, Seacera’s quarterly report shows its net loss of RM102.15 million for the fi fth quarter ended March 31 (5QFY19) was due to impairments (RM66 million) and the recognition of liability (RM31 million) on a corporate guarantee for an associate company, SPAZ Sdn Bhd, as demanded by SME Bank, which it an-nounced on May 30.

Due to a change of fi nancial year end from Dec 31, 2018 to June 30, 2019, there were no comparative fi gures for 5QFY19 and the 15-month ended March 31, it said.

The additional tax due amount of RM22.18

million occurred prior to Seacera’s acquisition of Duta Nilai Holdings on

Nov 16, 2016.

9THURSDAY JUNE 13, 2019 • THEED G E FINANCIAL DAILY

1 0 P R O P E RT Y THURSDAY JUNE 13, 2019 • THEEDGE FINANCIAL DAILY

Hong Kong developer drops HK$11.1b bid on ‘instability’But Goldin chairman says situation would not aff ect market’s growth prospects

BY E R I C L A M & FO S T E R W O N G

BY S TA N L E Y C A R VA L H O

BY PAT R I C K C L A R K

HONG KONG: Th e escalating stand-off over a controversial extradition bill in Hong Kong may have just claimed its fi rst fi nancial casualty.

Goldin Financial Holdings Ltd is dropping its successful HK$11.1 billion (RM5.9 billion) bid for a land parcel located in the Kai Tak area in Kowloon, Hong Kong, the company said in a fi ling with the city’s stock exchange on Tuesday.

The firm convened an urgent board meeting on Monday, where three executive directors and

NEW YORK: China’s Anbang Insur-ance Group Co is scouring the globe for condo buyers looking for a little — or a lot — of Park Avenue glamour.

Four years after buying the famed Waldorf Astoria for a record US$1.95 billion, the insurer is getting ready to begin sales of 375 luxury apartments, betting that the hotel’s cachet can attract attention in a glutted market. Anbang has selected Douglas Elli-man Real Estate to fi nd buyers for the units, which range from studios to fi ve bedrooms, starting this fall.

Th e project will have plenty of competition from new Manhattan skyscrapers aimed at wealthy con-do buyers. Th e historical pedigree of the building, which has hosted US presidents and a long list of for-eign dignitaries, combined with the mix of unit sizes, should help the

ABU DHABI: Abu Dhabi In-vestment Authority (ADIA) said yesterday it had bought a 25% stake in 330 Madison Avenue from Vornado Realty Trust, gaining full ownership of the offi ce block close to New York’s Grand Central Station.

ADIA, which the Sovereign Wealth Fund Institute estimates manages nearly US$700 billion (RM2.91 trillion) in assets, has between 5% and 10% of its port-folio in real estate.

Th e stake was bought by a subsidiary of ADIA, a spokes-man of ADIA told Reuters, add-ing ADIA already owned 75% of the property for 30 years.

ADIA did not disclose the value of the deal, but Vornado said on Monday it had agreed to sell its interest in the proper-ty as part of a “buy/sell process initiated by its 75% partner at a US$900 million valuation”.

Th e deal is expected to close in the third quarter of this year.

Gulf sovereign wealth funds, especially Abu Dhabi and Qatari funds, have for decades been investing in commercial real estate in Europe and the US.

Vornado recently sold a non-controlling stake in its portfolio of New York prop-erties along Fifth Avenue and Broadway in Times Square to Qatar Investment Authority and private realty fi rm Crown Acquisitions in a transaction that provided the fi rm cash pro-ceeds of about US$1.2 billion.

Headquartered in the oil-rich capital of the United Arab Emirates, ADIA manag-es a global investment portfolio across more than two dozen asset classes. — Reuters

three independent directors vot-ed to withdraw the tender. In voting against proceedings, the directors cited “recent social contradiction and economic instability” that would negatively aff ect Hong Kong’s commercial property market.

Goldin chairman, Pan Sutong, disagreed with his fellow board members. He voted to stick with the tender, saying the current situ-ation would not aff ect the market’s long-term growth prospects. Pan also said that he was confi dent the acquisition would have brought signifi cant synergies to the devel-

opment of a nearby existing land parcel held by Goldin, and voted against the resolution.

Gao Min, an independent non-ex-ecutive director, also voted against the resolution. But because a majority of the board voted for it, the bid was dropped. Goldin will forfeit a non-re-fundable deposit of HK$25 million paid to the Hong Kong government.

Th e Hang Seng Properties Index slumped as much as 2.6% yester-day, the most in almost six weeks. Th e broader benchmark was also lower as interbank interest rates jumped amid the unrest.

Th e city is bracing for rare strikes and continuing protests over pro-posed legislation that would allow extraditions to mainland China. Local companies have said they would suspend work or allow fl ex-ible offi ce hours to accommodate workers planning to demonstrate near the city’s Legislative Council.

Opponents of the bill on Sunday staged one of the largest protests since the former British colony’s return to China. Organisers said more than one million participants showed up, while police put the fi gure at 240,000. — Bloomberg

Waldorf Astoria to start luxury condo sales this year

Waldorf apartments stand out, said Susan de França, chief executive offi cer (CEO) of Douglas Elliman Development Marketing.

“It’s really bringing back the

splendour of a bygone era,” she said in an interview. “We will be appealing to local, national and international purchasers.”

Douglas Elliman will work with

Knight Frank to fi nd overseas buy-ers for the condos. Th e construction project, which includes renovations to the art deco hotel, is slated for completion in 2021. Anbang’s plan to start sales was reported earlier on Tuesday by Th e Wall Street Journal.

If the building’s reputation helps drive condo purchases, it has also highlighted the prolonged closure of the hotel portion of the Waldorf, with lavish public spaces that received landmark protection in 2017. Anbang — which is shedding assets, including a portfolio of 15 hotels — was seized by its Chinese government regulator last year, raising questions about the future of the iconic property.

In a conference call last year, Hilton CEO Christopher Nassetta said that he would consider open-ing another Waldorf in New York if Anbang’s renovations were delayed signifi cantly. — Bloomberg

Abu Dhabi sovereign fund buys full ownership of New York offi ce block

Four years after buying the famed Waldorf Astoria for a record US$1.95 billion, Anbang is getting ready to begin sales of 375 luxury apartments, betting that the hotel’s cachet can attract attention in a glutted market. Photo by Bloomberg

H O M E 1 1THURSDAY JUNE 13, 2019 • THEED G E FINANCIAL DAILY

Azmin: I’m not in sex videoIt’s a plot to destroy my career, says minister

KUALA LUMPUR: Economic Aff airs Minister Datuk Seri Mohamed Az-min Ali has denied that he was in-volved in gay sex captured in three video clips which have gone viral on social media since Tuesday.

In a statement, Azmin said it was a “nefarious plot” to assassi-nate his reputation and character, and an attempt to destroy his po-litical career.

“Judging from recent political developments, this is clearly the latest in a series of concerted at-tempts over the past few months to vilify me, which includes intimida-tion against the safety of my family and I in the fi nal week of Ramadan, and vile and baseless accusations

of corruption,” said the minister.Condemning the development

as “gutter politics”, Azmin said he had contacted his lawyers to take appropriate legal action against those who have made the claim against him.

“I will not submit to these cow-ardly acts and heinous attempts to distract the public from the pressing concerns of the nation and the suc-cesses of the ministry of economic aff airs in the planning and imple-mentation of national development policies that are sustainable and inclusive,” said Azmin.

Earlier yesterday, an individual named Haziq Aziz made “a sworn confession” that he was one of the parties depicted in the video, claim-ing the other party was a federal minister.

Haziq said the video was fi lmed

without his consent, and that it was taken at Hotel Four Points in Sandakan on May 11 during the Sandakan by-election.

In connection with the issue, UEM Group Bhd has denied its involvement in an alleged transfer of about RM3.1 million to a cabi-net minister.

“UEM Group would like to state on record that it does not have an account at Maybank’s KL main branch, neither does it have an account with the alleged account number as claimed by various so-cial media sites,” it said in a state-ment.

To clear its name, the group said it had lodged a police report regard-ing the allegation, adding that it is ready to cooperate with relevant authorities.

A series of pictures have been

circulating on social media implicat-ing UEM of transferring funds from a Maybank account amounting to US$741,440 (around RM3.1 million) to Azmin’s alleged Deustche Bank account in December 2017.

Bernama reported that the po-lice will be conducting an investi-gation into the video clips, quoting Deputy Inspector-General of Police Datuk Mazlan Mansor.

“We are investigating the au-thenticity of the video clips,” he told Bernama, saying that a police report was launched on Tuesday.

Newly-minted Malaysian An-ti-Corruption Commission (MACC) Chief Commissioner Latheefa Koya said the commission would be in-vestigating the report lodged by Umno Supreme Council member Datuk Lokman Nor Adam against a senior cabinet minister.

“Th e investigation in this case will be handled under my deputy and his investigation team,” Lath-eefa said in a statement.

“I will not be involved in any way, whether in investigations or decision-making,” she said.

Latheefa was a PKR member and had once held the post of central committee member before resign-ing the party post to take up the po-sition of MACC chief commissioner.

Asked for his comments on the confession video, former prime minister Datuk Seri Najib Razak told journalists not to query him.

“Why ask me? Don’t ask me; ask the person concerned. Why ask me?” he said when asked after the SRC International Sdn Bhd trial yesterday.

“I’m not responsible for it,” he said.

GEORGE TOWN: Th e Penang gov-ernment will take stern action against factories that are illegally processing plastic waste, said state Welfare, Car-ing Society and Environment Com-mittee chairman Phee Boon Poh.

He said the state government was reviewing the licences issued to all plastic recycling factories following the federal government’s decision to incorporate 18 new conditions that managers of plastic waste processing factories need to meet when applying for approved permits.

“Th ey may have a licence to op-

erate but they also need to abide by conditions like having a water treatment system, end-of-life system, building plans and approval from the local authorities,” he told report-ers here when denying a newspa-per report which said that the waste dumped at a disposal site in Gurun, Kedah might have originated from Penang.

Phee, who is the state assembly-man for Sungai Puyu, said the state government had also stepped up en-forcement against plastic recycling factories. He also said the state gov-

ernment was cooperating with the ministry of energy, science, technolo-gy, environment and climate change as well as the ministry of housing and local government in investigating the case of 265 container-loads of plastic waste found abandoned at the North Butterworth Container Terminal since early this year.

He said the state government was making eff orts to send back the con-tainers of plastic waste to their coun-tries of origin, and it was open to discussions with representatives of these countries. — Bernama

PETALING JAYA: A couple was charged in the Sessions Court here yesterday with 17 counts of money laundering involving close to RM1.2 million three years ago.

Muhammad Zarif Abdullah Menon, 47, and his wife Arzaw-iyah Ab Rahman, 43, pleaded not guilty to all the charges, read separately to them, before Justice Norshila Kamaruddin.

On the fi rst fi ve counts, Mu-hammad Zarif is alleged to have transferred RM240,699, which were the proceeds from illegal activities, into his bank account and used the money. Arzawiyah was charged with 12 counts of us-ing and transferring the proceeds from illegal activities amounting to RM935,217 into the bank ac-counts of her husband and an-other man.

The couple is alleged to use the money to pay their Singa-pore OCBC credit card and for the purchase of a Mercedes-Benz car and a premises in Bukit Jalil.

The accused were charged with committing the offences at the Puchong branch of OCBC Bank (Malaysia) and the Bandar Kinrara branch of Bank Islam Malaysia between Nov 3, 2016 and March 13, 2017.

Th e charges were fi led under Subsection 4(1)(b) of the An-ti-Money Laundering, Anti-Ter-rorism Financing and Proceeds of Unlawful Activities Act 2001, which provides for a jail term not exceeding 15 years and a fi ne of fi ve times the value of the illegal proceeds or RM5 million, which-ever is higher, upon conviction. — Bernama

KOTA BARU: The pneumonia outbreak among the Orang Asli in Kampung Kuala Koh, Gua Mu-sang has nothing to do with water pollution or logging activities, said Kelantan Deputy Menteri Besar Datuk Mohd Amar Nik Abdullah.

Th is was confi rmed by several government agencies including the Department of Health and the Hazardous Materials Unit of the Department of Fire and Rescue Malaysia, he said.

“Alhamdulillah, the confir-mation has been made by sev-eral government agencies and even Minister of Health [Datuk Seri Dr Dzulkefl y Ahmad] has ex-plained that the Orang Asli issue

in the village has nothing to do with water pollution or mining as previously claimed”, he told reporters after attending a state executive council meeting here yesterday.

Meanwhile, Mohd Amar said the state government, through Air Kelantan Sdn Bhd, would con-tinue to send clean water supply to the Orang Asli settlements in Kuala Koh even though the wa-ter sources there were certifi ed safe for use.

“We also understand that there is a tube well built in the area. When the water source in the area is confi rmed to be safe, the Orang Asli community can also use the facility”, he said. — Bernama

Penang reviewing licences of plastic recycling factories, says Phee

Couple charged with 17 counts of laundering RM1.2m

Mohd Amar: Pneumonia outbreak not due to polluted water

BY A R J U N A C H A N D R A N S H A N K A R ,

A D A M A Z I Z , A B D U L H A F I Z YAT I M

& PAW A I C H I N

1 2 B R O K E R S’ C A L L THURSDAY JUNE 13, 2019 • THEEDGE FINANCIAL DAILY

Spritzer’s profi t seen buoyed by resilient sales

Chin Hin sees rise in demand for building materials in 2H

Sasbadi Holdings Bhd(June 12, 17.5 sen)Maintain hold with a lower tar-get price (TP) of 18 sen: We met with Sasbadi Holdings Bhd re-cently, and came back feeling neutral on the group’s near- and medium-term outlooks.

Th e contribution of the non-print segment has grown in the last three years from the shift of its business focus due to its highly cyclical business that hampered earnings delivery.

Its non-print segment consists of (i) digital & network marketing; and (ii) Applied Learning Pro-gramme and Science, Technolo-gy, Engineering and Mathematics (ALP & STEM) Education. Under the digital and network marketing, Sasbadi ventured into the busi-ness after securing the right from the ministry of domestic trade to promote i-learn Ace products. While for ALP & STEM, Sasbadi is a distributor of education Lego blocks to schools and organiser of robot competitions.

Sasbadi still treats the print segment as their bread-and-but-ter operation given their core strength, though the print busi-ness is highly cyclical due to the timing of textbook delivery.

Year-to-date textbook contracts secured are signifi cantly lower at RM1.57 million (fi rst half of 2018 [1H18]: RM8.37 million), name-ly RM746,000 for arts education Year 4 and RM826,000 for Chinese Language Year 4.

We understand that there is no slowdown in disbursement of government contracts, implying that Sasbadi has been losing out to other publishers. All is not lost as we understand that Sasbadi is tightening is operations to secure more textbook awards from the ministry of education.

Despite early optimism on the back of higher number of agents, fi rst half of fi nancial year 2019 (1HFY19) multilevel mar-keting (MLM) segment revenue fell 38% year-on-year [y-o-y] to only RM2.5 million.

The setback was mainly weighed by loss of major dis-tributors and coupled with the delay in replacing key leadership personnel. We understand that the key leader who left previously now has rejoined the team. We can expect sales to be revived on the back of this.

Sasbadi is active and com-mitted to reducing its inventory level that stood at RM73 million as end of 2QFY19. Sasbadi is currently leveraging the Big Bad Wolf book fair which is held on a monthly basis, with the loca-tions now involving more rural areas. Rural areas serve as an important market for Sasbadi, especially for school workbooks, and we understand that Sasbadi is willing to sell at cost to clear inventories during this event. — Hong Leong Investment Bank Research, June 12

Sasbadi seen leveraging Big Bad Wolf book fair, involved in more rural areas

Chin Hin Group Bhd

FYE DEC (RM MIL) 2017 2018 2019F 2020F 2021F

Revenue 1,015.4 1,105.4 1,143.0 1,230.8 1,256.0Ebitda 71.4 72.9 92.1 102.6 104.0Dep & amortisation (18.4) (22.0) (23.0) (32.7) (31.9) Net finance cost (16.2) (22.3) (23.4) (12.8) (10.7) PBT 39.5 33.7 45.7 57.1 61.5Taxation (9.8) (9.6) (10.5) (13.1) (14.2) Net profit 29.7 24.1 35.2 43.9 47.4Core profit 33.0 18.6 33.6 43.2 47.4GDPS (sen) 3.5 1.5 1.5 2.0 2.0Dividend yield (%) 4.7 2.0 2.0 2.7 2.7Source: TA Securities

Spritzer Bhd

FYE DEC (RM MIL) 2018A 2019E 2020E

Turnover 347.7 365.5 369.9Ebit 34.5 38.0 43.3PBT 33.9 37.7 43.0Net profit 24.2 27.8 31.4Core net profit 24.2 27.8 31.4Consensus (NP) 27.8 30.8Core EPS (sen) 11.5 13.2 14.9Core EPS growth (%) -11.6 14.6 13.0NDPS (sen) 3.5 4.0 5.0BVPS (RM) 1.9 1.9 2.0PER (x) 19.9 17.4 15.4PBV (x) 1.2 1.2 1.1Net gearing (x) (0.0) (0.0) (0.0)Net dividend yield (%) 1.5 1.7 2.2Source: Kenanga Research

Chin Hin Group Bhd(June 12, 75.5 sen)Maintain sell with an unchanged target price (TP) of 70 sen: Fol-lowing our recent meeting with the management, we are slightly more optimistic about the outlook for Chin Hin Group Bhd, underpinned by its healthy order book from the manu-facturing segment and growing earn-ings contribution from associates.

Th e management indicates that the demand for building materials is recovering gradually in the fi rst half of 2019 (1H19) and it is expect-ed to pick up in 2H19 following the revival of several mega infrastruc-ture projects.

On the other hand, the inte-grated workers complex project is facing some hiccups as the de-veloper revises the project layout plan in order to suit the potential demographic change of Pengerang workforce.

Meanwhile, the management is planning to trim the gearing level via disposal of non-core assets.

Th e management indicates that the demand for building materials is recovering gradually in 1H19 and it is expected to pick up in 2H19 fol-lowing the revival of several mega infrastructure projects. Th e group currently has a healthy order book of RM269 million, which can last the group for at least 12 months.

Spritzer Bhd(May 30, RM2.30)Maintain market perform with an unchanged target price (TP) of RM2.40: Spritzer Bhd’s near-term earnings are expected to be buoyed by resilient sales performances cou-pled with favourable raw material prices (that is polyethylene tereph-thalate [PET] resin), which should keep processing margins for its man-ufacturing segment fairly stable, at least for the fi rst half of 2019 (1H19).

Post-meeting, we reiterate our “market perform” call with an un-changed TP of RM2.40 as we remain cautiously optimistic, as we are con-cerned about the volatile PET resin prices which may be driven higher by unexpected turn of events.

In its recent fi rst quarter of fi -nancial year 2019 (1QFY19) results, the group chalked up a commend-able 15% year-on-year (y-o-y) sales growth, which was largely spurred by higher demand from the warmer weather and several water supply disruptions.

Moving into 2Q, we gathered that the group managed to see relatively better numbers from its sales vol-ume this recent fasting month.

This prompted us to believe steady sales growth may be sus-tainable going forward, bolstered by the sturdy consumer sentiment seen despite the imposition of sales

tax in January 2019, coupled with the group’s eff ective marketing strate-gies which have continued to cap-ture local market share.

Despite the group’s eff ective cost rationalisation plans which helped to narrow losses in its trading seg-ment (-RM500,000 in 1QFY19 ver-sus –RM800,000 in 1QFY18), we believe a break-even might take a longer timeframe than expected.

Th is should see its China opera-tion continuing to swim in the red at least for FY19. Th is is pinning on the competitive operating environment

in Guangzhou, which will continue to act as a constant challenge to the group unless more aggressive mar-keting measures are taken.

Post-meeting, we understand that the group’s current capacity stands at 700 million litres/annum (from previously 600 million litres/annum) with its newly installed pro-duction line commencing in 2Q19.

Further down the road, the group has in its pipeline plans to further en-hance its Shah Alam drinking water plant entailing: (i) upgrading works for its reverse osmosis system; (ii)

The order book mainly com-prises orders for autoclaved aer-ated concrete (AAC) and precast products. Th e utilisation rate for the new AAC plant in Kota Tinggi is hovering around at 30%.

The management intends to ramp up the utilisation rate in 2H19, backed by expected higher demand from export markets, especially from Philippine and Singapore.

Th e management also foresees growing earnings contribution from its 45%-owned associate, Atlantic Blue Sdn Bhd (ABSB), which is a specialist contractor in large-scale solar farming and provision of solar photovoltaic solutions.

We estimate the solar business

could potentially contribute about RM6 million to RM7 million profi t to the group for its fi nancial year 2019 (FY19).

In addition, Solarvest, a whol-ly-owned subsidiary of ABSB, has been aggressively tendering for more solar jobs under the third cy-cle of the large-scale solar scheme. Th e management guided that So-larvest has already obtained the approval from regulators to proceed with the listing on the ACE Market, targeted in 2H19.

The integrated workers com-plex project is facing some hic-cups as the developer revises the project layout plan in order to suit the potential demographic change

of Pengerang workforce. Currently, the group managed

to complete six out of 23 blocks, which can accommodate about 2,496 workers. Based on manage-ment guidance, the group has al-ready successfully secured some anchor tenants.

Assuming all the six blocks are fully taken up, the management expects a monthly rental contribu-tion of RM2 million to the group.

As at the fi rst quarter (1Q) of fi nan-cial year 2019 (FY19), the group’s net gearing position stood at 1.1 times. The high net gearing was mainly driven by high capital expenditure (capex) incurred during the expan-sion stage in recent years.

Th e management indicated that the group will not incur any major capex for plant expansion in the near term. Instead, there are some plans to trim the gearing level.

For instance, the group is in the midst of discussing with several po-tential buyers to dispose of some of the non-core assets such as shop offi ces and vacant sites worth more than RM100 million in order to pare down borrowings.

Maintain FY19 to FY21 earnings forecasts. No change to our TP of 70 sen, based on unchanged 9 times calendar year 2020 earnings per share. Maintain “sell” call on Chin Hin. — TA Securities, June 12

renovation of a small-scale fully au-tomated warehouse; and (iii) the addition of a new production line.

With an estimated capital expend-iture of RM60 million, the enhance-ment should boost capacity by an additional 180 million litres/annum, serving as a long-term positive cata-lyst. We have yet to incorporate this into our estimates due to the lack of clarity on the construction timeline.

In the near term, the group’s resil-ient sales performance is expected to be buoyed by softer prices seen for its raw material (that is PET res-in), at least for 1H19, which should keep its manufacturing segment’s processing margins fairly stable.

Furthermore, an expected com-mencement of its automated ware-house in Taiping by 1Q20 should also enhance the group’s cost effi -ciency in the longer term.

However, as mentioned, we be-lieve the group’s trading segment in China will continue to act as a damp-ener, dragged down by stiff competi-tion and costly marketing expenses.

Our TP is premised on an un-changed 16 times estimated FY20E price-earnings ratio (in-line with its three-year average).

We remain cautiously optimis-tic, concerned over the volatile PET resin prices which may be driven higher by unexpected turn of events. — Kenanga Research, June 12

B R O K E R S’ C A L L 1 3THURSDAY JUNE 13, 2019 • THEED G E FINANCIAL DAILY

SunCon intensifying pursuit of overseas construction jobs

Concerns about overcapacity in rubber glove sector should ease

Rubber product (glove) sectorMaintain overweight: We are maintaining our “overweight” call on the rubber glove sector, as we believe that the recent set of results demonstrates the com-panies are not at signifi cant risk of lower margins due to rising production costs. We are also less concerned about any po-tential overcapacity issues, as our recent channel checks suggest that the order lead times have normalised to around 45 days. Kossan Rubber Industries Bhd and Supermax Corp Bhd remain as our top picks for the sector.

Although sector earnings for the fi rst quarter of 2019 (1Q19) contracted by 4.3% year-on-year (y-o-y), we believe the results were still broadly in line with both our and consensus esti-mates, delivering around 22% of our respective forecasts. Th e decline in profi t was mainly due to the weak results of Hartalega Holdings Bhd, where profi ts de-clined by 22% y-o-y, as its mar-gins were negatively impacted by the volatility of the ringgit. However, despite facing a similar operating environment, Kossan was able to deliver a profi t growth of 32% y-o-y during the quarter.

Share prices for the sector had corrected by 20% in early 2019, as there were concerns that manufacturers’ margins could contract due to the strengthening of the ringgit and rising production costs. How-ever, we believe that concerns about overcapacity should ease, as our recent channel checks suggest that the order lead times have normalised to around 45 days from the 30 days earlier this year. We have, however, revised lower our capacity growth fore-cast for 2019 to 13% from 10%, as some manufacturers have partially delayed their targeted expansion plans for the year.

We believe that the recent weakening of ringgit to US dol-lar from 4.06 to 4.19 in the past two months will have a positive impact on rubber manufactur-ers’ margins due to the lagging effect of their pricing. Based on our estimates, for every 1% change in the ringgit to US dol-lar, the impact to the bottom line is around 0.3% to 0.5%. Apart from the favourable currency movement, raw material prices are also on a downward trend. Nitrile prices have continued to trend lower to US$1,050 per tonne from US$1,145 per tonne since the beginning of the year.

Although we have an “over-weight” call on the sector, we still prefer Kossan and Supermax for their undemanding valuations and higher-than-industry growth rates, and have “buy” calls on those stocks. We have a “sell” call on Hartalega due to its rich valuation, and its growth rate is also expected to slow. — Affi n-Hwang Capital, June 12

Sunway Construction Group Bhd(June 12, RM2)Maintain underweight with a fair value (FV) of RM1.09: We maintain underweight with a FV of RM1.09 for Sunway Construc-tion Group Bhd (SunCon) based on 10 times fi nancial year 2020 (FY20) earnings per share (EPS), in line with our benchmark forward price-earnings ratio of 10 times for large- and mid-cap construc-tion stocks.

Th e key message we gathered from SunCon during a recent vis-it is that the company is bracing itself for an extended lull period in the local construction sector, and is intensifying its pursuit of overseas construction jobs.

Th e company said that there is still hardly any sizeable new pub-lic infrastructure project up for bidding in the open market and did not appear to be too excited about the RM44 billion East Coast Rail Link (ECRL) project. SunCon will only be keen to participate if higher-value jobs such as piling, relocation of utilities and elevated structures are off ered to the local contractors.

Having said that, subject to the fi nal investment decisions by the

D&O Green Technologies Bhd(June 12, 58.5 sen)Maintain market perform with a lower target price (TP) of 60 sen: We came away from a manage-ment meeting unexcited about D&O Green Technologies Bhd’s 2019 outlook.

We believe the adverse eff ect of the Worldwide Harmonised Light Vehicles Test Procedure regulation on the European passenger vehicle sales has mostly subsided. In addi-tion, we believe the group has been gaining market share in the auto-motive LED space lately, thanks in part to new interior applications — backlight unit (BLU) display used for infotainment systems. We are sanguine that the group will post a commendable improvement in the second quarter of 2019 (2Q19) earnings year-on-year (y-o-y) and quarter-on-quarter (q-o-q).

Th e management has toned down its revenue growth guidance for fi -nancial year 2019 (FY19) from 10% to 15% to fl at (in the worst-case sce-nario), as the second half of 2019 outlook remains ambiguous amid in-tensifying US-China trade war, which could aff ect consumer sentiment and aff ordability of passenger vehicles.

Nevertheless, we still expect to see an uptick in FY19 profi t on a slight improvement in net profi t margin, underpinned by better op-

D&O Green Technologies seen off ering exciting long-term growth prospects

erational effi ciency through lower headcount and fully automating the visual inspection process.

Th e group targets to shift its of-fi ce to its new plant by November post-completion in 2Q19 to 3Q19, and subsequently convert the ex-isting office to a manufacturing facility. However, the management did not provide any timeline as to when the group would expand production capacity in the exist-

Sunway Construction Group Bhd

FYE DEC (RM MIL) 2018 2019F 2020F 2021F

Revenue 2,256.8 2,176.8 2,164.0 2,149.6Core net profit 144.7 130.0 141.4 142.8FD core EPS (sen) 11.2 10.1 10.9 11.0FD core EPS growth (%) 9.4 (10.1) 8.7 1.0Consensus net profit - 146.7 157.0 158.0DPS (sen) 7.0 7.0 7.0 7.0PER (x) 17.9 19.9 18.3 18.1EV/Ebitda (x) 10.3 11.3 10.4 10.1Dividend yield (%) 3.6 3.6 3.6 3.6ROE (%) 25.5 21.7 22.9 22.2Source: AmInvestment Bank

D&O Green Technologies Bhd

FYE DEC (RM MIL) 2018A 2019E 2020E

Turnover 490.8 509.0 562.6Ebitda 85.1 92.1 106.1PBT 52.1 57.1 68.9Net profit (NP) 36.0 41.5 50.2Core Patmi 38.2 41.5 50.2Consensus (NP) NA 43.6 52.5Earnings revision (%) NA -8 -12Core EPS (sen) 3.3 3.3 3.7Core EPS growth (%) 75.1 1.3 13.2NDPS (sen) 0.5 1.1 1.3NTA per share (RM) 0.28 0.28 0.29Price to NTA (x) 2.2 2.1 2.1PER (x) 18.4 18.2 16.0Debt-to-equity ratio (x) 0.1 0.1 0.1ROA (%) 7 7 8ROE (%) 12 12 13Net dividend yield (%) 0.8 1.8 2.2Source: Kenanga Research

project owners, locally, SunCon may bid for a high-rise commercial property project by parent Sun-way Bhd, a public hospital project, and a superstructure job in Kuala Lumpur. Th ese jobs could be worth about RM200 million each.

In India, SunCon has reopened an offi ce and working on tenders for three toll-road projects worth about RM1 billion each. In Myan-mar, SunCon via a joint venture (JV) with local conglomerate Cap-ital Diamond Star Group, stands a good chance of winning a building job worth RM200 million to RM300 million for the maiden phase of a

mixed project in Mandalay.SunCon has mobilised three

boring rigs to Singapore to better position itself in the piling sector. SunCon reiterated its guidance for order book replenishment in fore-casted FY19 (FY19F) of RM1.5 bil-lion. So far in FY19F, it has secured new construction jobs worth RM1 billion and new precast product orders worth RM31 million. No change to our forecasts that as-sume the respective construction and precast product job wins of RM1.3 billion and RM200 million annually in FY19F to FY21F.

At present, SunCon’s outstanding

construction and precast product order books stand at RM5.4 billion and RM316 million respectively.

We acknowledge that the revival of the ECRL and Bandar Malay-sia projects shall result in more jobs available in the market for local construction players. How-ever, we believe the market has not priced in enough risk premi-um to refl ect the fact that the lat-est megaprojects may leave local contractors with only low-value/low-margin supporting roles; and the fact that given the still elevated national debt, the government has no choice but to remain steadfast-ly committed to fi scal prudence which means the revival of the ECRL project could be a “zero-sum game”.

We believe SunCon can weath-er the sector downturn better giv-en its proven ability to compete under an open bidding system, coupled with the availability of building jobs from its parent and sister companies under the Sun-way Group.

However, valuations are un-attractive at 18 times to 20 times forward earnings on muted sec-tor prospects. — AmInvestment Bank, June 12

ing plant, and any expansion will be on an as-needed basis. Mean-while, the remaining fl oor space in the new plant will be reserved for capacity expansion in one to two years’ time. Fortunately, the incremental depreciation for the new plant is expected to be mini-mal at less than RM400,000 in FY19 and RM1.8 million to RM2.4 mil-lion in FY20, as capital-intensive machineries/equipment will not

be in place in the fi rst one to two years as mentioned.

We trim FY19 estimates (FY19E) to FY20E net profi t by 8% to 12% to RM41.5 million to RM50.2 million as we tone down our earlier bullish automotive LED growth assump-tions from 7% to 16% to 4% to 11% to account for cloudier global eco-nomic outlook amid heightened trade war tension.

Additionally, we have lowered our FY19E to FY20E gross profi t mar-gin assumptions from 29% to 30% to 28.5% to 29.5% (still higher than 28.3% in FY18) to refl ect heftier man-ufacturing overheads after about 30% capacity expansion in late-FY18.

Maintain “market perform” with a lower TP of 60 sen based on FY19E price-earnings ratio of 18 times, in line with the valuation of its Ger-man competitor — Osram. While D&O offers exciting long-term growth prospects, we believe the trade war could aff ect consumer sentiment and spending on cars, at least in the short- to medium-term.

Valuation also appears unattrac-tive at current price levels. Risks to our call include: i) disruption of components supply; ii) replace-ment/obsolescence of LED tech-nology; iii) sharp currency fluc-tuations; and iv) adverse foreign labour policy. — Kenanga Research, June 12

1 4 C O M M E N T THURSDAY JUNE 13, 2019 • THEEDGE FINANCIAL DAILY

Another textbook crisis may be brewing in AsiaPakistan can only hope the reordering of global supply chains will off er opportunities for the nation

US PRESIDENT Donald Trump has used national security as a justifi ca-tion for his tariff s on steel imports, his threatened tariff hikes on autos, and the tariff s he recently vowed to impose on Mexican imports. “If you don’t have steel, you don’t have a country,” he declared (to cite just one example). While Trump’s national security claim seems absurd on the face of it, it raises diffi cult questions for the word trade regime and global economic governance more broadly.

Th e critical challenge of global governance is determining the divid-ing line between policy domains in which nation-states are free to do as they please and those that are regu-lated by international agreement. In a world economy that has become increasingly interdependent, pretty much everything that one country does spills over to others.

But such spillovers are not by themselves a sufficient reason to constrain national autonomy. Con-sider public education, gasoline tax-es, or highway speed limits. Each of these policies has consequences for trade partners. Improved skills alter a country’s comparative advantage and hence others’ trading opportunities. Gasoline taxes and speed limits aff ect

Can global rules prevent national self-harm? BY D A N I R O D R I K demand for oil and hence prices on

world markets. Such policies are not regulated internationally, and doing so would be widely — and rightly — considered absurd.

Th e canonical case for global gov-ernance is based on two classes of problems. Th e fi rst concerns glob-al public goods (or bads): policies that benefi t the world at large, but produce little or no benefi t at home. Controls on greenhouse gas emis-sions is a key example. Th e second class of problems is so-called beg-gar-thy-neighbour policies: actions that produce economic benefi ts at home only to the extent they harm others — and generate global in-effi ciency in the process. A classic example is the cartelisation of some scarce commodity to extract mo-nopoly prices from trading partners.

Th ese cases present impeccable arguments for global economic gov-ernance. But few of the issues that preoccupy policymakers these days fall neatly into one or the other cate-gory. For example, subsidies, indus-trial policies, employment-protecting tariff s, non-tariff measures that target health or social concerns, poor fi nan-cial regulations, and inappropriate (excessively austere) fi scal policies are neither global public goods/bads, nor beggar-thy-neighbour policies.

Some of these policies are in fact beggar-thyself policies. Others do produce domestic benefi ts, but

because they address real market distortions or legitimate social ob-jectives, not because they impose costs on other countries. If global governance is in a muddle today, it is because many policies have become internationalised through happen-stance or the operation of political lobbies, rather than with any genu-ine economic justifi cation.

Consider the national security argument for tariff s. If Trump’s ar-gument is baseless, as many be-lieve, it is the US economy fi rst and foremost that bears the costs of his misguided approach. In other words, Trump’s tariff s are a beggar-thyself policy. If, on the other hand, we give Trump the benefi t of the doubt and are willing to accept that there is a genuine national security case, then it is proper for the decision to be made domestically.

It is impossible to know before countries apply such policies which situation applies. Either way, del-egating ultimate authority to an international body seems unwise. Even when a policy, such as a na-tional security tariff , is misguided, democracies should be allowed, as a general rule, to make their own mistakes. Empowering interna-tional bureaucracies to prevent countries from harming themselves when there is considerable ambi-guity beforehand would seem inap-propriate. It would also set a dan-

gerous precedent for other areas.In the case of national security,

World Trade Organization (WTO) principles are vague and remain largely untested in practice. Th e rel-evant text seems to open the door very wide by saying “Nothing in this Agreement shall be construed... to prevent any contracting party from taking any action which it considers necessary for the protection of its es-sential security interests.” And yet, in a recent ruling in a case not involving the US, the WTO has adopted the position that it can review nation-al decisions in this area and judge their appropriateness. Predictably, the US has criticised this decision.

Global governance enthusiasts must reckon with the fact that most policy mishaps in the world econo-my today — as in the case of Trump’s tariff s — occur as a result of failures at the national level, not because of a lack of international cooperation. Trump’s tariff s are bad policy not because they harm certain other countries, but rather because they impose substantial costs directly on the US economy.

Global arrangements cannot be relied on to prevent such domestic failures, and they are as likely to be captured by special interests as do-mestic political processes — with far less democratic legitimacy. External constraints may in fact aggravate do-mestic governance failures, insofar

as they empower particular distri-butional coalitions at the expense of the broad public.

Th e best we can hope for is what one might call “democracy-enhanc-ing global governance”. Unlike “glo-balisation-enhancing global gov-ernance,” democracy-enhancing global governance would leave most policy domains — those that cannot be classifi ed as global public goods or beggar-thy-neighbour policies — to national regulation. Global oversight would be restricted to pro-cedural requirements — such as transparency, accountability, par-ticipation by relevant stakeholders, use of scientifi c/economic evidence — intended to strengthen domestic democratic deliberation, without prejudging the ultimate outcome.

It is doubtful that such a light mode of global governance would make a diff erence when it comes to Trump’s trade follies. But at least it would deny Trump (and other nativist politicians) any basis for the chronic complaint that the WTO and other international bodies are trampling on national sov-ereignty. — Project Syndicate

Dani Rodrik, professor of interna-tional political economy at Harvard University’s John F Kennedy School of Government, is the author of Straight Talk on Trade: Ideas for a Sane World Economy.

Pakistan is flirting with a textbook emerg-ing-market crisis. An unsustainable invest-ment boom has ended. The central bank has

raised interest rates to squeeze a current account gap. Growth has collapsed to a nine-year low; youth unemployment is in double dig-its; and inflation is getting there. Government revenues are stalling.

Getting Islamabad out of its jam is once again the job of the Interna-tional Monetary Fund (IMF). Th e IMF has put together the country’s 13th bailout since the late 1980s, but it does not want its US$6 billion of rescue funds to be used to pay Chinese loans for Belt and Road projects. Th e fund’s suggestion to let the currency fl oat freely could extend its 30% decline against the dollar since December 2017.

Th row in fi scal austerity, which had an unmistakable imprint on the government’s budget on Tuesday,

BY A N DY M U K H E R J E E and the pain’s bound to get worse before it gets better. Rather than having to deal with stagfl ation and balance of payment defi cits, Prime Minister Imran Khan is probably wishing he was in England at the Cricket World Cup, which Pakistan won for the fi rst and only time un-der his captaincy in 1992.

At that time, Pakistan’s per capita real gross domestic product (GDP), adjusted for purchasing power of the currency, was 65% higher than India’s. Now it’s 28% lower than its neighbour’s level, and the IMF ex-pects the gap to keep widening.

India’s economy is proba-bly growing much more slowly than the 7% rate claimed in of-fi cial statistics, but its archrival is faring a lot worse. Th e con-struction frenzy sparked by the US$62 billion China-Pakistan Economic Corridor has petered out. Three cement makers are among the biggest los-ers on the Ka-rachi Stock E xchange’s KSE100 Index

this year, with price drops ranging between 45% and 55%. Even the worst performer on the index — Fauji Foods Ltd. — can chalk up the collapse in its shares to the souring of a deal with Inner Mongolia Yili Industrial Group Co. Th e Chinese fi rm was supposed to buy 51% of the Pakistani dairy company.

So how will the IMF turn Pakistan around? For an answer, try cotton

terry towels, trousers and shorts. As US President Don-

ald Trump’s trade

war against Beijing intensifi es, Amer-ican buyers are diversifying their supplier base away from China, the No 1 exporter of these goods to the US. Already, Bangladesh is close to snatching the trousers-to-towel crown. Pakistan, at No 6 last year, has grown its own shipments to the US by almost 12% this year. It may overtake India, which has seen vir-tually no improvement.

Th e good news is that the Paki-stani rupee has fallen by almost 20% since 2017. Th at has virtually wiped out the currency’s overvaluation adjusted for infl ation diff erences with trading partners, as estimated by the IMF. If the currency slides further and infl ation does not ac-celerate, Pakistani exports should receive a boost, provided global growth and cotton availability for the textile industry hold up.

Auto sales shrank 24% from a year earlier in April. With two-fi fths of sales fi nanced by loans, only a meaningful reduction in interest rates can spur demand, especially with carmakers passing on the bulk of the burden of a weak exchange rate (on import costs) to consumers. Only two analysts out of 14 tracked

by Bloomberg rate the shares of Pak Suzuki Motor Co a buy. Subsidised interest rates on low-cost housing could plug the demand shortfall to some extent. But the fi scal elbow room to run such ambitious pro-grammes is too limited. Besides, boosting agricultural yields may be a bigger priority than support-ing urban consumers.

Imran’s administration was hes-itant to tap the IMF, knowing how tough it is to persuade the public of hardships that must be endured as the economy is wrung dry of past excesses. Structural adjustments could also have political costs. Im-ran, who took charge nine months ago, is the nation’s 19th elected prime minister. None of the 18 be-fore him managed to complete their fi ve-year term.

Now he has no choice but to embrace the conditions that come with the rescue. Th e prime minister can only hope that the reordering of global supply chains will create opportunities and ease the pain of Pakistan’s recovery. A world cup win would also lift sentiment, but the odds on that are rather long. — Bloomberg

Imran has no choice but to embrace the conditions that come with the rescue. Photo by Reuters

1 5THURSDAY JUNE 13, 2019 • THEED G E FINANCIAL DAILY

1 6 W O R L D B U S I N E S S THURSDAY JUNE 13, 2019 • THEEDGE FINANCIAL DAILY

Huatai eyes US$1.2b in fi rst London-Shanghai Stock Connect off eringLONDON: Huatai Securities on Tuesday set a price range of US$20 (RM83.20) to US$24.50 per global depositary receipt to raise US$1.2 billion, be-coming the first Chinese com-pany to sell shares here in a deal set to value the broker-age up to US$1.8 billion, one of the bookrunners handling the sale said. Huatai share sale will effectively launch the long-awaited London-Shang-hai Stock Connect project that was intended to begin late last year. Order books on the deal were covered for US$1.2 billion, the bookrunner said, adding that further details follow soon. — Reuters

Uber picks Melbourne as test site for fl ying taxi serviceSYDNEY: Uber Technologies said it will use Australia’s sec-ond-largest city, Melbourne, as the fi rst international test site for the group’s planned fl ying taxi service. Th e US ride shar-ing fi rm had previously cho-sen Dubai as the fi rst test site outside the US for its UberAIR service but reopened its re-quest for proposals last month after launch delays in the Mid-dle Eastern city. Uber said on Tuesday it will begin test fl ights of the pilotless aircraft in Mel-bourne and US cities Dallas and Los Angles in 2020 before commercial operations begin in 2023. — Reuters

Fosun said to seek investors to revamp luxury fashion businessHONG KONG: Fosun Inter-national Ltd, the Chinese re-tail-to-drugs conglomerate backed by billionaire Guo Guangchang, is seeking to sell a stake in its fashion unit to outside investors as part of plans to revamp the business, people with knowledge of the matter said. Fosun Fashion Group, whose portfolio in-cludes French luxury brand Lanvin, is targeting to raise more than US$100 million (RM416 million), according to the people. It has started gauging interest from poten-tial investors including several Asian family offi ces, sources said. — Bloomberg

Dassault to buy Medidata in US$5.7b dealNEW YORK/LONDON/HONG KONG: French technology com-pany Dassault Systemes SE agreed to buy Medidata Solu-tions Inc, a software fi rm that analyses clinical trials, for US$5.7 billion (RM23.71 billion) to bol-ster its off erings to the pharma-ceutical industry. The record deal will allow Dassault to off er drugmakers a complete set of services and ride a shift towards personalised medicine, in which research and tools are tailored to individual patient profi les, gen-erating the need to analyse vast amounts of data. — Bloomberg

I N BR I E FGrab explores move into Singapore’s banking sectorCompany close to hiring a consultancy to advise it on its banking potential — sources

SINGAPORE: Wilmar Internation-al Ltd, one of the world’s largest food producers, plans to boost its soybean crushing capacity in China even as a deadly pig-killing virus cuts demand for animal feed.

Singapore-based Wilmar will build new plants as part of a project to construct integrated manufacturing complexes in the country, the company said in an emailed statement, without giv-ing a schedule.

Wilmar’s planning to expand amid a challenging period for Asia’s animal feed industry. As African swine fever continues to spread, hog production in China will probably drop by 134 million heads this year, equivalent to the entire annual output of American pigs, the US Department of Agri-culture estimated in April. For hog feed suppliers, it means slumping margins from crushing beans.

Th e company sees a pickup in poultry feed demand off setting some of the losses from hogs, ac-cording to people familiar with its strategy, who asked not to be iden-tifi ed as the information is private.

Poultry feed consumption in the country is expected to grow

Wilmar eyes China soy expansion as swine fever kills hogs

BY S U M E E T C H AT T E R J E E

& A N S H U M A N D A G A

HONG KONG/SINGAPORE: Grab, Southeast Asia’s most valuable start-up, is exploring a move into Singapore banking as regulators in the Southeast Asian city-state con-sider allowing online-only banks, four people with knowledge of the process said.

Grab is close to hiring a consul-tancy to advise it on its banking potential and is gearing up to ap-ply for a digital-only bank licence in Singapore if the banking regu-lator decides to open up the sec-tor, said the people, who declined to be identifi ed as they were not authorised to speak to the media.

Singapore-headquartered Grab’s interest in what would be its fi rst foray into banking has not been reported before.

When asked for a response, the Monetary Authority of Singapore (MAS) referred Reuters to its com-ments issued last month when it said it was studying the potential for allowing “digital-only banks with non-bank parentage” into its market.

Hong Kong, Singapore’s fi erce fi nancial centre rival, began issuing licences earlier this year.

A potential entry by Grab — backed by Japan’s SoftBank Group — and others would mark the big-gest shake-up in years for a market dominated by DBS Group Hold-ings, Oversea-Chinese Banking Corp (OCBC) and United Overseas Bank (UOB).

The MAS could make a deci-sion in the next couple of months on whether to admit digital-only banks with non-bank parentage,

as well as the eligibility appli-cants, the people said. It is likely to issue only two to three licences in the fi rst phase, sources said.

Th e interest from Grab under-scores how Asia’s non-banking firms are keen to challenge tra-ditional banks by leveraging their technology and their user databases to off er banking services to retail customers and small businesses.

Securing a digital banking licence

in Singapore could help seven-year-old Grab to benefi t from its existing data on transport movements, pay-ment transactions and consumer behaviour, the people said.

Consultants said a digital bank-ing licence could also appeal to Singapore Telecommunications, which is expanding beyond its tra-ditional carrier services into areas such as mobile payments and cy-bersecurity. — Reuters

A potential entry by Grab and others would mark the biggest shake-up for a market dominated by DBS, OCBC and UOB. Photo by Reuters

WASHINGTON/NEW YORK: Uber Technologies’ chief executive Dara Khosrowshahi said on Tuesday the company’s initial public offering (IPO) last month was hurt by US trade tensions even as he downplayed recent volatility in the stock price.

Khosrowshahi’s comments con-tinue the fallout from Uber’s IPO, which was the most anticipated US listing since Facebook Inc seven years ago but has struggled since going public.

Uber priced shares in its IPO to-wards the bottom of its target range at US$45 (RM187.20) and the stock ended its fi rst day of trading on May 10 down 7.6% at US41.57, even as the S&P 500 reversed losses to end in positive territory.

“Th e timing of our IPO was very much aligned with our president’s tariff wars, the same day. So I think we got caught up a bit in the market swirl. And there’s nothing you can do about that,” Khosrowshahi said at an event at the Economic Club of Washington.

Uber chief laments US trade policy for lacklustre IPOBY D AV I D S H E PA R D S O N

& J O S H UA F R A N K L I N

Uber shares fell as low as US$36.08 but have since rebound-ed and were trading at US$42.21 on Tuesday, down 0.9% on the day.

“Employees have a six-month lockup so nobody in the compa-ny cares anyway what the stock prices is now — it is a bunch of traders. It doesn’t really aff ect us,” he said.

Khosrowshahi also has the option to buy potentially hun-dreds of thousands of shares in the ride-hailing fi rm at a price well below where the company went public, according to a regulatory fi ling for Uber’s IPO.

The options highlight how Khosrowshahi is at least partially protected from price swings in Uber’s stock. Khosrowshahi has options on 750,000 Uber shares that vest gradually and can be exercised at US$33.65 per share.

Uber fi rst granted the options on Sept 5, 2017 with an exercise price of US$41.65 per share but this was changed on May 8, 2018, according to the fi ling. Th e details were reported earlier on Tuesday by Th e Information. — Reuters

BY A L F R E D C A N G

20% this year as people eat more chicken and duck, according to Hou Xueling, an analyst with Everbright Futures Co.

Wilmar is also planning to build an oilseed crusher in north-ern Vietnam, according to the peo-ple. Th e company did not com-ment on its plans for Vietnam.

Wilmar’s strategy to invest when conditions are tough may not come as a surprise to those familiar with the business philosophy of chair-man Kuok Khoon Hong. It is best to expand during the most “diffi -cult” times, he said at a briefi ng in February. — Bloomberg

Kuok says it is best to expand during the most ‘diffi cult’ times. Photo by Bloomberg

W O R L D B U S I N E S S 1 7THURSDAY JUNE 13, 2019 • THEED G E FINANCIAL DAILY

Google speeds up hardware production away from China‘Th is is to avoid punitive US tariff s and an increasingly hostile Beijing government’

FRANKFURT/SOUTHFIELD: Volkswagen AG ended a self-driving technology part-nership with Silicon Valley start-up Aurora Innovation Inc as it draws closer to a broader collaboration on autonomous cars with Ford Motor Co.

“The activities under our partnership have been con-cluded,” a VW spokesman said of its alliance with Aurora in a statement Tuesday.

Meanwhile, months of ne-gotiations with Ford and its au-tonomous affi liate Argo AI are near fruition and a deal could be announced as early as July, people familiar with the situation said. Most of the thorniest issues have been resolved and the two companies envision a compre-hensive collaboration creating a global colossus in the self-driving space, these people said.

Self-driving cars have emerged as key battleground between automakers and tech-nology giants in the race to de-velop robo-taxis and driverless delivery vehicles. Th ese pro-grammes require investments in the billions of dollars, while regulatory frameworks vary across the globe, complicat-ing testing and deployment. — Bloomberg

BEIJING: Elon Musk signalled Tesla Inc, which is striving to complete construction of its fi rst car plant in China, could eventually have more produc-tion facilities in the country given the market’s scale.

“China is pretty big geograph-ically, so it may make sense to have factories in other parts of China in order to reduce logistics costs,” Musk told investors at Te-sla’s annual shareholder meeting in Mountain View, California, on Tuesday. “Th e faster you scale, the more cash you have.”

China is Tesla’s second-larg-est market after the US, and the company is constructing a gigafactory in Shanghai that will produce batteries as well as cars for the local market as soon as this year. Musk said Te-sla’s announced goal to achieve annual production of 500,000 vehicles a year at the plant is an “interim” target, and longer term, capacity could top one million vehicles. He did not give a timeframe. — Bloomberg

VW nears self-driving deal with Ford, exits Aurora alliance

Tesla could eventually build other factories in China

BY D E B BY W U & M A R K B E R G E N

TAIPEI/SAN FRANCISCO: Alpha-bet Inc’s Google is moving some production of Nest thermostats and server hardware out of China, avoiding punitive US tariff s and an increasingly hostile government in Beijing, according to people famil-iar with the matter.

Google has already shifted much of its production of US-bound motherboards to Taiwan, averting a 25% tariff , said the people, ask-ing not to be identifi ed discussing internal matters. While US offi cials have pinpointed Chinese-made

motherboards as a security risk, Google did not bring that up dur-ing discussions with its suppliers, they said. Tariff s have also pushed American-bound production of its Nest devices to Taiwan and Malay-sia, the people said.

Th e migration is taking place as companies both foreign and domes-tic seek to pivot their production away from China amid US President Donald Trump’s eff orts to reset the perimeters for global trade and man-ufacturing. Beijing is showing grow-ing signs also of clamping down on American corporations from Ford Motor Co to FedEx Corp within the

world’s largest consumer market and production base.

Th at’s prompting US companies, long accustomed to using China as the world’s workshop, to explore al-ternatives. Th e Taiwanese contract manufacturers that make most of the world’s electronics, including Apple Inc partner Foxconn Tech-nology Group, have since 2018 ac-celerated the shift at their clients’ behest. Foxconn said on Tuesday that it has enough capacity to make all iPhones bound for the US out-side of China if necessary, although Apple has so far not asked for such a shift.

While Google’s hardware pro-duction in China pales in com-parison to the likes of Apple, its shift may herald a broader trend as tensions between Beijing and Washington escalate. Th e US search giant earns some advertising reve-nue from the country and had ex-plored avenues to court consumers and corporations in the world’s No 2 economy, from sharing artifi cial intelligence tools to even a censored search service. It is also lobbying Washington for permission to con-tinue supplying Android to Hua-wei Technologies Co, the Financial Times has reported. — Bloomberg

TOKYO: Two leading proxy adviso-ry fi rms have urged Nissan share-holders to vote against reappoint-ing its chief executive as a director, heaping more pressure on Hiroto Saikawa as he struggles to fi nd ac-cord with alliance partner Renault.

The move marks a rare pub-lic rebuke by international proxy fi rms against the leader of a top-tier Japanese firm, and comes just as the scandal-hit automak-er struggles to move on from the legacy of Carlos Ghosn, its ousted chairman who stands accused of fi nancial misconduct.

It also underscores the precar-ious position of Saikawa, who was groomed for leadership by Ghosn but appears unable to mend a relationship with Renault that one source said appeared to be in jeopardy.

Institutional Shareholder Ser-vices recommended shareholders vote against Saikawa as director at Nissan’s annual general meet-ing this month, to ensure a “clean break” from the Carlos Ghosn era. Ghosn, fi rst arrested in November, is await-ing trial on fi nancial misconduct charges.

“When the com-pany needs to break from the past and

SEOUL: Sales of LG Electronics Inc’s (LGE) new fifth-generation (5G) smartphone looked uncertain yes-terday after the fi rm said it was una-ble to narrow diff erences with Qual-comm Inc to renew a chip licence deal that is due to expire this month.

In a US court fi ling late on Tues-day, the South Korean firm op-posed Qualcomm’s eff orts to put a sweeping US antitrust decision against it on hold, arguing setting the ruling aside could force it into signing another unfair deal.

“If Qualcomm does not partici-pate in negotiations with LGE in ac-cordance with the Court’s Order, LGE will have no option but to conclude licence and chipset supply agree-ments once again on Qualcomm’s terms,” LG’s fi ling in the federal court in San Jose, California said.

Th e lack of clarity over a new licence deal raises concerns over the rollout of LG’s newly launched 5G smartphones, crucial for the loss-making handset maker to boost fl agging smartphone sales

Proxy advisers lob rare rebuke against Nissan CEOBY L I N D A S I EG & N A O M I TA J I T S U

build a strong board with fresh members, the re-election of Hi-roto Saikawa, who has been on the board for 14 years and worked closely with Carlos Ghosn, does not appear appropriate,” Institutional Shareholder Services said in a re-search note.

Another proxy adviser, Glass Lewis, similarly told sharehold-ers not to vote for Saikawa, who needs the support of at least half of voting shareholders at the June 25 meeting to be reappointed.

“We cannot confi dently sup-port the nomination of Mr Saika-wa who — as the representative

director and president of the Company — should

have taken greater steps in performing

its oversight re-sponsibilities in the misconduct of the board members,” it said in a report to clients. — Reuters

Voting against Saikawa would ensure a ‘clean break’ from the Carlos Ghosn era, said the advisers. Ghosn is awaiting trial on fi nancial misconduct charges. Photo by Reuters

LG Elec’s 5G phones in doubt as Qualcomm deal set to expireBY H E E K YO N G YA N G

& J U - M I N PA R K

and catch up with Samsung Elec-tronics Co Ltd.

“If LG Electronics fails to renew its contract with Qualcomm, it is very likely that it will not be able to make any phones since LG does not manufacture chips by itself,” BNK Securities analyst Park Sung-soon said.

“It would do catastrophic dam-age to its mobile business.”

Th e fi rm launched its fi rst 5G smartphone powered by Qual-comm in the US in May after de-buting it in South Korea in the same month.

LG is the third-largest smart-phone vendor in the US market with an 11% market share as of the fi rst quarter of this year, and trails Apple Inc and Samsung, according to market researcher Counterpoint.

The firm has been renegoti-ating a licensing deal with Qual-comm after terminating the ex-isting agreement in 2018 to seek better terms with the chipmaker. But the two companies have failed to reach a new deal and their in-terim licence agreement will end this month. — Reuters

BY C H R I S TO P H R AU WA L D

& K E I T H N AU G H TO N

BY YA N Z H A N G

When the company needs to break from the past and build

a strong board with fresh members,

the re-election of Saikawa does not

appear appropriate.

LG Electronics Europe product evangelist David Montanya presenting the

new LG V50 and LG G8 devices ahead of the 2019 Mobile World Congress in

Barcelona, Spain on Feb 24. LG is the third-largest

smartphone vendor in the US market.

Photo by Reuters

1 8 W O R L D B U S I N E S S THURSDAY JUNE 13, 2019 • THEEDGE FINANCIAL DAILY

Ten US states sue to stop Sprint-T-Mobile dealTh ey warn that consumer prices will jump due to reduced competition

BY D I A N E B A R T Z

& D AV I D S H E PA R D S O N

BY S A N J A N A S H I V D A S

BY S T E FA N N I C O L A

BY S O N A L I B A S A K , C RYS TA L T S E

& E L L E N H U E T

BY S V E A H E R B S T- B AY L I S S

WASHINGTON: Ten states led by New York and California fi led a law-suit on Tuesday to stop T-Mobile US Inc’s US$26 billion (RM108.16 billion) purchase of Sprint Corp, warning that consumer prices will jump due to reduced competition.

Th e complaint comes as the US Department of Justice (DoJ) is close to making a fi nal decision on the merger, which would reduce the number of nationwide wireless car-riers to three from four.

The all-Democratic attor-neys-general (AGs) from the 10 states, including Colorado, Con-necticut, the District of Columbia, Maryland, Michigan, Mississippi, Virginia and Wisconsin, said the reduced competition would cost Sprint and T-Mobile subscribers more than US$4.5 billion annually, according to the complaint.

“When it comes to corporate power, bigger is not always better,” New York AG Letitia James said at a news conference.

“To many upstate New Yorkers, [the carriers] still struggle with 3G,” she said, adding that there is noth-ing in the merger that will guaran-tee more towers and coverage for

certain communities.James said the lawsuit was not

fi led to infl uence the DoJ’s deci-sion on the merger, adding that negotiations were ongoing among the states, the department and the carriers.

James also said her offi ce did not notify the DoJ before the states fi led the lawsuit, adding that it was not required for them to do so. State AGs often participate in lawsuits aimed at stopping mergers but rarely go it alone.

Th e complaint was fi led in the US District Court for the Southern District of New York.

“Th is is the third time T-Mobile has tried to merge and shrink the market to three players,” said Cali-fornia AG Xavier Becerra. — Reuters

James (centre) speaking at a news conference to announce the fi ling of a federal lawsuit in partnership with at least 10 US state AGs to stop a proposed US$26 billion merger of mobile carriers Sprint and T-Mobile in New York, the US, on Tuesday. There is nothing in the merger that will guarantee more towers and coverage for certain communities, she said. Photo by Reuters

NEW YORK/HONG KONG/SAN FRANCISCO: Slack Technologies Inc is expected to be valued by inves-tors at US$16 billion (RM66.56 bil-lion) to US$17 billion when it lists its shares publicly next week, according to people familiar with the matter.

Th at valuation is roughly based on the workplace chat and collabo-ration software company’s project-ed revenue and current growth rate,

Slack’s listing seen valued at up to US$17bsaid the people, who asked not to be identifi ed discussing private talks.

Th e expected value is up from the US$7.1 billion in its last private funding round in August. It is simi-lar to the company’s share sales on the private market, where in April investors were snapping up stock at prices that would give the company a valuation of about US$16 billion.

A spokesman for Slack declined to comment.

Slack is planning to have its shares start trading on June 20 on

the New York Stock Exchange un-der the ticker WORK.

Investors’ valuation expecta-tions are based on some back-of-the-envelope mathematics. Slack said on Monday that it expects at least US$590 million in revenue for its fi nancial year 2020 (FY20) ending January. Th at is a growth rate of as much as 50% compared with the previous year’s.

Th at suggests the company could bring in almost US$900 million in FY21, and investors are looking to

value the company at roughly 20 times that projected revenue, the people said.

That is expected even as its annual revenue growth rate has slowed from 110% and 82% in FY18 and FY19 respectively, according to a regulatory fi ling.

Slack said in its fi lings with the US Securities and Exchange Commis-sion that it cannot guarantee that its plans to increase revenue and cut operating losses will ever allow it to become profi table. — Bloomberg

NEW YORK: Billionaire investor William Ackman’s (pic) activist hedge fund Pershing Square Cap-ital Management LP is opposing United Technologies Corp’s planned US$120 billion (RM499.2 billion) aerospace merger with defence con-tractor Raytheon Co, a person famil-iar with the matter said on Tuesday.

Th e move makes Ackman the fi rst major Wall Street fi gure to come out against the deal. On Monday, US President Donald Trump expressed

Ackman opposes United Technologies’ aerospace merger with Raytheon — source

concerns over the merger’s impact on competition, though he also said he hopes the deal would happen.

Ackman wrote an email to United Technologies chief executive offi cer Greg Hayes early on Sunday morn-ing to express his concerns about the proposed deal after reading press reports on it, the source said.

The fund manager, whose firm owns roughly 0.67% of United Technologies, had previously sup-ported the company in its plans to split into three businesses — aerospace, Otis elevators and Car-

rier air conditioners.“We are extremely concerned

that such a transaction will signif-icantly lower the business quality of pro forma United Technologies’ aerospace business and, to make matters worse, [it] will be accom-plished through the highly-dilutive issuance of large amounts of Unit-ed Technologies stock,” Ackman’s email, seen by Reuters, said.

A spokesman for Pershing Square declined to comment. Raytheon did not immediately respond to requests for comment. — Reuters

REUTERS

BENGALURU: Boeing Co said on Tuesday it handed over 56% fewer airplanes in May compared with a year earlier as deliveries of its top-selling 737 MAX jet remained suspended following a deadly crash in March.

Total deliveries fell to 30 planes, compared with 68 in 2018. Net orders for the fi rst fi ve months re-mained in negative territory, with a total of minus 125 net orders.

The company has been fac-ing its worst-ever crisis after an Ethiopian Airlines 737 MAX plane crashed, killing all 157 people on board, in the second fatal accident involving the jet in just fi ve months.

Th is is the last order and de-livery update from Boeing before the Paris Air Show, which kicks off next week. European rival Air-bus SE and Boeing are battling for wide-body aircraft orders worth well over US$10 billion (RM41.6 billion) at the air show.

Boeing will also be under scru-tiny at the air show, where the planemaker will face questions about the 737 MAX groundings, deliveries and orders.

Th e US Federal Aviation Ad-ministration earlier this month disclosed a new problem involv-ing Boeing’s grounded 737 MAX, saying more than 300 of that trou-bled plane and the prior-genera-tion 737 may contain improperly manufactured parts and that the agency will require these parts to be quickly replaced. — Reuters

BERLIN: KKR & Co is seeking to buy out minority shareholders of Axel Springer SE in a deal that would value the German publish-er of Business Insider at about €6.8 billion (RM32.03 billion).

KKR off ered to pay €63 a share in cash — a 13% premium over Tues-day’s close and about 40% more than the price before Bloomberg reported the talks last month. Th e move is backed by largest share-holder Friede Springer and chief executive offi cer Mathias Doepfner. Axel Springer shares rose as much as 13% to €63.30 in early trading in Frankfurt yesterday.

The private-equity firm’s in-volvement would hand Doepfner more fi nancial resources to help the tradition-rich publisher with the costly and challenging process of transforming into a digital media group, making it easier to acquire struggling rivals. Axel Springer also lowered its sales and profi t outlook yesterday, saying it expects 2019 sales and adjusted earnings before interest, taxes, depreciation and amortisation to drop below last year’s level. — Bloomberg

Boeing’s May deliveries fall 56% as 737 MAX groundings weigh

KKR seeks piece of €6.8b Business Insider publisher

1 9THURSDAY JUNE 13, 2019 • THEED G E FINANCIAL DAILY

2 0 W O R L D THURSDAY JUNE 13, 2019 • THEEDGE FINANCIAL DAILY

DUBAI: Iran will ask Japan to mediate between Tehran and Washington to ease oil sanctions imposed by the US, Iranian offi cials said ahead of a visit by Japanese Prime Minister Shinzo Abe.

Abe, the fi rst Japanese leader to visit Iran since its 1979 Islamic Rev-olution, arrives in Tehran as brewing confrontation between Iran and the US stokes fear of another military con-fl ict in the crisis-ridden Middle East.

“Japan can help in easing the ongoing tension between Iran and America ... As a goodwill gesture, America should either lift the unjust oil sanctions or extend the waivers or suspend them,” a senior Iranian offi cial told Reuters.

On a four-day visit to Japan last month, US President Donald Trump welcomed Abe’s help in dealing with

Iran, highlighting what he called the “very good relationship” between Tokyo and Tehran.

As a US ally that also has good diplomatic relations with Iran, Ja-pan could be in a unique position to mediate between the Islamic Re-public and the US.

Strains between Washington and Tehran have sharply increased in re-cent weeks, a year after the US aban-doned a 2015 nuclear agreement between Iran and world powers to curb Tehran’s nuclear programme in exchange for the lifting of sanctions.

Washington, calling the nucle-ar deal fl awed and seeking to push Iran into new negotiations, intensi-fi ed sanctions from the start of May, ordering all countries and fi rms to halt imports of Iranian oil.

It has also dispatched extra armed forces to the region to counter

what it describes as Iranian threats.Iran threatened in May that in 60

days it would resume enrichment of uranium beyond the low fi ssile purity — suitable for civilian nu-clear power generation — allowed under the deal, unless other pow-ers signed up to it found a way to protect Iran’s oil and banking in-dustries from US sanctions.

European parties of the deal have promised to help Iran fi nd other ways to trade. All major European com-panies that had announced plans to invest in Iran have since called them off for fear of US punishment.

Abe was to hold talks with Iranian President Hassan Rouhani yester-day afternoon following his arrival in Tehran, and today will meet the Islamic Republic’s top authority, Su-preme Leader Ayatollah Ali Khame-nei. — Reuters

‘Jokowi has narrow window to reform economy’

BEIJING: China launched a new campaign to clean up its Internet, state media said, amid a fresh wave of apparent censorship by Beijing blocking more for-eign media websites and shut-ting down domestic accounts on social media.

The joint effort was launched in May by the cyberspace ad-ministration, the information technology ministry, the public security bureau and the markets regulator and will run until the

end of the year, said the official Xinhua news agency.

Th e “rectifi cation” campaign will punish and expose websites for “illegal and criminal actions”, failing to “fulfi l their obligation” to take safety measures or for the theft of personal information, it added.

Several foreign media be-yond Beijing’s control, such as The Washington Post and The Guardian, have not been acces-sible online since last weekend, adding to a list of blocked sites that includes Reuters. — Reuters

SEOUL: North Korean leader Kim Jong-un’s sister met South Korean offi cials on their heavily defended border yesterday to deliver fl owers and her brother’s condolences over the death of a former South Korean fi rst lady.

Th e sister, Kim Yo-jong, visited the border village of Panmunjom in the demilitarised zone separating the two Koreas to pay her respects to Lee Hee-ho, the widow of former South Korean president Kim Dae-jung, a South Korean offi cial said.

Lee died in Seoul on Monday.Dae-jung tried to promote better

ties on the divided Korean peninsu-la and became the fi rst South Ko-rean leader to meet North Korea’s

then-leader, Kim Jong-il, in 2000.South Korean offi cials said Yo-

jong, who has emerged over the past 18 months as a top aide to her brother, did not have any particular message or letter for South Korean President Moon Jae-in. Th e two sides talked for about 15 minutes.

“She said she hopes the South and the North will continue coop-eration, upholding Ms Lee Hee-ho’s resolve for reconciliation and coop-eration between the people,” South Korea’s national security adviser, Chung Eui-yong, told reporters.

“Today (yesterday), she focused on cherishing the deceased and sharing condolences.”

Moon’s press secretary told a sep-arate briefi ng that Yo-jong also said her brother had a “special feeling” towards Lee. — Reuters

Iran to ask Abe to mediate over US oil sanctions — offi cials

Pelosi vows to review Hong Kong trade tiesShe wants to ‘reassess’ if territory is ‘suffi ciently autonomous’

BY H U I Z H O N G W U

BY J OYC E L E E , J O S H S M I T H

& H YO N H E E S H I N

BY J O D I S C H N E I D E R

BY PA R I S A H A F E Z I

BY K A R L I S S A L N A

HONG KONG: US congressional leaders vowed to review Hong Kong’s special trading privileges if lawmak-ers pass a controversial extradition bill, lending support to protesters who have blocked streets over con-cerns of Chinese encroachment.

House Speaker Nancy Pelosi (pic), a Democrat, issued a statement yes-terday calling for legislative action in the US Congress to “reassess” wheth-er Hong Kong is “suffi ciently autono-mous” under the One Country, Two Systems framework that guides its relations with Beijing. She said she looked forward to the introduction of legislation in coming days that she referred to as the Hong Kong Human Rights and Democracy Act.

“Th e extradition bill imperils the strong US-Hong Kong relation-

JAKARTA: Indonesian President Joko Widodo (popularly known as Jokowi) has only a narrow window to lock in reforms need-ed to insulate the economy from escalating trade ructions and slowing global demand, accord-ing to former fi nance minister Chatib Basri.

Basri, who served in the role under previous president Susilo Bambang Yudhoyono, said Indo-nesia must ready itself for a pro-tracted US-China trade dispute by undertaking “bold” reform, starting with an overhaul of strin-gent labour laws. But he warned that the opportunities Jokowi has right now after winning a second fi ve-year term may not be around for long.

“At this moment his political capital is very strong,” Basri said in an interview in Jakarta on Tues-day. But Jokowi must act “in the next two years or even next couple of months” before the parties in his coalition start thinking about their own legacy and prospects prior to the next election.

While US President Donald Trump and his Chinese coun-terpart Xi Jinping are expected to meet at the Group of 20 (G20) leaders’ summit in late June, there is little sign of a lasting trade truce between the world’s two biggest economies. Offi cials in Indone-sia are bracing for a fallout that could hamper eff orts to boost ex-ports and rein in a current account defi cit that’s put pressure on the currency.

Th ere’s an opportunity for In-donesia to lure foreign fi rms look-ing to exit China so they can access the US market, Basri said. But that will not happen without overhaul-ing labour laws in the country that off er generous severance packages and limit the country’s appeal to investors, he said.

In Indonesia, the severance pay for a worker with 10 years of tenure covers about 95 weeks, ranking only behind Sri Lanka, Mauritius and Sierra Leone, ac-cording to data from the World Bank. Vietnam, which has bene-fi ted from fi rms relocating from China, off ers about 43 weeks. — Bloomberg

ship that has fl ourished for two decades,” Pelosi said. “If it passes, the Congress has no choice but to reassess whether Hong Kong is ‘suffi ciently autonomous.’”

China blocks websites, Internet accounts in cleanup campaign

Under the terms of the United States-Hong Kong Policy Act of 1992, the US agreed to treat the former British colony as fully au-tonomous for trade and econom-ic matters even after China took control in 1997. Th at means Hong Kong is exempt from Trump’s pu-nitive tariff s on China and enjoys US’ support for its participation in international bodies like the World Trade Organization.

Th ere was no further word from the Trump administration yester-day. On Tuesday, the State Depart-ment issued a statement expressing “grave concern” about the extradi-tion policy.

Hundreds of thousands of peo-ple have taken to the streets to op-pose the bill that would allow ex-traditions from Hong Kong to the mainland. — Bloomberg

North Korea’s Kim sends fl owers for South’s ex-fi rst lady

Yo-jong (front) arriving for the welcoming ceremony at the Presidential Palace in Hanoi, Vietnam on March 1. South Korean offi cials said Yo-jong did not have any particular message or letter for Moon when she visited the boarder village of Panmunjom in the demilitarised zone to pay her respects to Lee yesterday. Photo by Reuters

PHOTO BY BLOOMBERG

W O R L D 2 1THURSDAY JUNE 13, 2019 • THEED G E FINANCIAL DAILY

Trump defends tariff strategyChina says it is ‘not afraid’ of a trade war

BY M I C H A E L M A R T I N A

& S U S A N H E AV E Y

Juncker: New UK PM will not change Brexit deal BY G A B R I E L A B A C Z Y N S K A

BRUSSELS: Th e stalled Euro-pean Union (EU)-UK divorce treaty will not change with the arrival of a new prime minister (PM) in London, the outgoing head of the EU’s executive said on Tuesday.

European Commission (EC) President Jean-Claude Junck-er reiterated the EU’s refusal to renegotiate as many of the Conservative Party candidates vying to replace Prime Minister Th eresa May said they would seek a new agreement.

“I have the impression for months now that the interest for the British political society is how to replace PM May, not how to fi nd an agreement with the EU,” Juncker said seven months after May sealed a deal with the bloc but then failed to get it ratifi ed by parliament at home.

“It’s not a treaty between Th eresa May and Juncker, it’s a treaty between the EU and the UK. It has to be respected by whomsoever will be the next prime minister ... There will be no renegotiation.”

He rejected putting an expi-ry date on the backstop — an insurance policy for the Irish border that is a key point of con-tention in the divorce process.

Earlier, the EC was asked to comment on a pledge from Boris Johnson, the favourite to succeed May, to withhold billions in liabilities owed to the EU budget.

“Everybody knows what is on the table. What is on the table has been approved by all member states and the election of a new prime minister will not change the parameters,” said spokesman Margaritis Schinas.

Asked again about Johnson at an event in Brussels, Juncker reiterated that the deal can-not be changed and refused to speculate on who could replace May. — Reuters

BY D AV I D M O R G A N

WASHINGTON: Th e Demo-cratic-led US House of Repre-sentatives on Tuesday voted to give lawmakers clear authority to sue Trump administration fi gures who defy congression-al subpoenas, beginning with former White House Counsel Don McGahn, who is expected to face swift action.

I n a n e s c a l a t i o n o f wide-ranging probes of Pres-ident Donald Trump and his inner circle, lawmakers voted 229-191 along party lines to approve the measure. It au-thorises House committees to fi le lawsuits in federal court seeking orders from judges to compel officials to cooper-ate with offi cial congression-al demands for testimony or evidence.

The measure authorises the House Judiciary Commit-tee to seek a court order en-forcing subpoenas relating to Special Counsel Robert Mueller’s report on Russian interference in the 2016 US election. The committee is seeking an unredacted ver-sion of the report, as well as underlying evidence from the investigation, and relat-ed documents and testimony.

Democrats acknowledged the unprecedented nature of the resolution.

“Th is has not been done be-fore. But neither have we ever seen blanket stonewalling by the administration of all infor-mation requests by the House,” House Judiciary Committee chairman Jerrold Nadler said. “We must go to court to en-force the subpoenas.”

Nadler said he would go to court “as quickly as possible” against McGahn to compel him to testify about the Repub-lican president’s eff orts to im-pede Mueller’s investigation.

McGahn, a star witness in the Mueller report, last month defi ed a subpoena for his tes-timony and documents after the White House directed him not to cooperate with the Ju-diciary panel. — Reuters

BEIJING/WASHINGTON: US Pres-ident Donald Trump on Tuesday defended the use of tariff s as part of his trade strategy while China vowed a tough response if the US insists on escalating trade tensions amid ongoing negotiations.

Th e US kicked off a tariff battle with China in 2018, seeking sweep-ing structural changes from Beijing. But tensions between Washington and Beijing rose sharply in May after the Trump administration accused China of reneging on promises to make structural economic changes during months of trade talks.

“Tariff s are a great negotiating tool,” Trump tweeted, one day af-ter saying he was ready to impose another round of punitive tariff s on China.

On Monday, the Republican president said he would raise tar-iff s on Chinese imports further if he cannot make progress in trade talks with Chinese President Xi Jinping at the Group of 20 (G20) summit later this month.

BY T I A N C H E N & L I V I A YA P

HONG KONG/SINGAPORE: Chi-na’s central bank is making it clear to yuan bears that short-term de-clines are no sure thing, especially in the run-up to a crucial meeting at the end of this month.

The People’s Bank of China (PBoC) set its daily reference rate for the currency at higher than mar-ket watchers expected for a 10th straight day yesterday, the longest run since September. Th e strong bias on Tuesday was the largest since Bloomberg began releasing fi xing forecasts in August 2017. Th e central banks also announced plans to sell bonds in Hong Kong in June — which would support the off -shore rate.

Trump has repeatedly said he is getting ready to meet Xi at the summit in Osaka, Japan, at the end of June, but China has not con-fi rmed it.

Chinese foreign ministry spokes-man Geng Shuang again would not be drawn into confi rming a Xi-Trump meeting at G20, saying in-formation would be released once it

was available to the foreign ministry.“China does not want to fi ght a

trade war, but we are not afraid of fi ghting a trade war,” he said, add-ing China’s door is open to talks based on equality.

“If the United States only wants to escalate trade frictions, we will resolutely respond and fi ght to the end.” — Reuters

Johnson commits to October Brexit deadline in his campaign

China sends warning signal to yuan bears

Th at helped the yuan climb by the most in two months on Tues-day. It was down by 0.03% to 6.913 per dollar as of 4pm local time yesterday.

Th e moves came after the yuan neared a decade-low and US Pres-ident Donald Trump threatened to raise tariffs on China again if President Xi Jinping does not meet

with him in Osaka at the Group of 20 (G20) summit.

While PBoC governor Yi Gang said last week that no particular level for the yuan is important, the offi cial actions suggest to analysts that the authorities want to avoid one-way depreciation bets. The yuan has not breached the seven per dollar level since the global fi -nancial crisis.

“Th e PBoC may attempt to keep RMB (yuan) stability in the near term to keep the hope for a trade deal at G20 summit alive,” said Ken Cheung, a senior currency strate-gist at Mizuho Bank Ltd. Beyond that, however, the central bank may need to “help market participants to digest the psychological seven level.” — Bloomberg

US approves authority to sue Trump advisers who ignore subpoenas

The PBoC set its daily reference rate for the currency at higher than market watchers expected for a 10th straight day yesterday, the longest run since September. Photo by Bloomberg

Workers loading goods for export onto a crane at a port in Lianyungang, Jiangsu province, China last Friday. A Chinese foreign ministry spokesman said China’s door is open to talks based on equality. Photo by Reuters

LONDON: Boris Johnson kicked off his campaign to succeed Prime Minister Theresa May yesterday with a pledge to lead Britain out of the European Union (EU) on Oct 31 and a warning to his divided party that “delay means defeat”.

Johnson, favourite for the top job nearly three years since he led the offi -

cial campaign to leave the EU, praised the strength of the British economy, promised to deliver Brexit by Oct 31 and tackle despair across the country.

“After three years and two missed deadlines, we must leave the EU on Oct31,” he said as a heckler yelled “Bollocks to Boris” from outside the Royal Academy of Engineering just off Th e Mall in central London.

“I am not aiming for a no-deal outcome,” said Johnson, a 54-year-

old former foreign minister and London mayor. “I don’t think that we will end up with any such thing, but it is only responsible to prepare vigorously and seriously for no-deal. Indeed it is astonishing that anyone could suggest dispensing with that vital tool in the negotiation.”

Johnson has won over many in his party by arguing that only he can rescue the Conservatives, who have been punished in recent elections.

Just minutes before Johnson spoke, fi nance minister Philip Ham-mond said he did not think Johnson, if he won the top job, would be able to take Britain out of the EU by Oct 31.

Th e EU has refused to renegotiate the Withdrawal Agreement reached with May last November, and Ire-land has indicated it is not willing to change the Irish border “backstop” that upset the party which props up May’s government. — Reuters

BY E L I Z A B E T H P I P E R

& G U Y FAU LC O N B R I D G E

22 live it! W E L L B E I N G . T H E A R T S . W I N E + D I N E . S T Y L E + D E S I G N . L E I S U R E

THURSDAY JUNE 13, 2019 • THEEDGE FINANCIAL DAILY

PersonalASSISTANTC O M P I L E D BY S H A L I N I Y E A P

W O R K . L I F E . B A L A N C E

ALL this month, Concorde Hotel KL’s Xin Cuisine Chinese Restaurant at 2 Jalan Sultan Ismail, Kuala Lumpur off ers its mouth-wa-tering Peking duck dish. Rich in history, this dish dates back to the Ming Dynasty when it was fi rst created and introduced by the pal-ace chefs. Available for lunch and dinner and priced at RM50 nett per half duck and RM90 nett for a whole duck, this irresistible deli-cacy is presented in a two-course set menu consisting of crispy duck skin in egg crepe, and duck soup with beancurd and salted vegetables. For reservations, call +603 2144 8750 or email to fbkl@concorde.net

A MONTHLY platform for new and veterans alike to perform spoken word pieces or other forms of poetry known as oral fi xation will be happening at InTun Nation at 8pm today. This month’s featured act is Azam Rais, a spoken word artiste who focuses on social themes and rhyme schemes and was most recently a guest poet at the Philippines’ biennial Per-formatura Festival 2019. Tickets are priced at RM20 and can be purchased at the door at 147A Jalan Aminuddin Baki, Taman Tun Dr Ismail, Kuala Lumpur. Visit www.facebook.com/intun.nati0n for more details.

FIVE Arts Centre at 27 & 27A Lorong Datuk Sulaiman 7, Taman Tun Dr Ismail, Kuala Lumpur presents Dust, a 90-minute, intimate, multi-lingual exploration of mortality, and how diff erent people deal with it. Conceived through the stories, dreams and imaginations of fi ve performers who have been deeply im-pacted by experiences and questions about death, grief, and ultimately, life, it weaves theatrical storytelling with expressive visual and auditory montages. Tickets for tonight’s 8.30 show are priced at RM63 (regular) and RM53 (concession). Visit www.facebook.com/FiveArtsCentre or call (019) 807 4810 for en-quiries, ticketing and more.

Mexican craft beer

ditches lager and lime

to expand America’s

worldview

BY TO N Y R E H A G E N

WORLD-CLASS FLAVOURS

If 28 years in beer marketing and sales at Anheuser-Busch (AB) — and then, post-merger, Anheuser-Busch InBev NV — taught Gregg Billmeyer anything, it was how to spot a trend. The St Louis native tracked the ini-

tial rise (and brief fall-off) of craft beer in the 1990s before the explosion of the late 2000s and 2010s blew a chunk out of the once indomitable market share of such heavyweight brands as Budweiser and Bud Light.

But while the Cult of Craft revolted against the King of Beers and its noble cousin, MillerCoors LLC, capturing near-ly a quarter of the overall beer market in 2017, Billmeyer noticed one sector of the brewing establishment holding steady and even gaining ground: labels imported from Mexico.

In 2018, while sales of mass-market domestic brands such as Miller Lite, Co-ors Lite, and Bud Light declined by 4.2%, premium Mexican brands grew by 2.8%, according to IRI, a Chicago-based market research fi rm. Th e most popular names, Corona and Modelo, were up by 11.6% and 17.9% respectively. Add that to the ever-expanding US Latino demographic (now more than 18% of the population) and a seasoned beer salesman such as Billmeyer can come to only one conclu-sion. “Importing Mexican craft beer is the logical next step,” he said.

Th ree years ago, Billmeyer contacted fel-low AB expat and logistics executive Mike Redohl, and started Quest Beverage. Th e

mission was to introduce ever-more-ad-venturous American drinkers to the fi nest craft beers from the south of the border.

After enlisting another A-B vet, master brewer Dan Driscoll, and Mexicali, Baja, Mexico-based fi nance executive Eduardo Muniz, the Quest team met with Mexican brewers and travelled to craft beer festivals in Ensenada and Mexico City, where they applied their experienced palates to pick-ing the best beers. Billmeyer immediately noticed the contrast between the crowded American microbrew market and the rel-atively nascent Mexican craft landscape.

“Th e craft beer scene in Mexico is much like that in the US 20 years ago,” said Bill-meyer. “Demand is growing quickly at [be-tween] 60% and 70% per year.”

Out of that burgeoning fi eld, Billmeyer and company met extensively with a doz-en local brewers to get a sense of produc-tion capacity and potential marketability. From there, they winnowed the fi eld down

Billmeyer hopes people will be looking for something like the crisp, dry Kolsch and the bitter, brown England-inspired London from Cerveza Rrey, or the golden Blonde Ale and west-coast Crossover IPA from Cerveza Urbana. Photos by Bloomberg

Mexican beer as most US consumers know it today.

to fi ve fi nalists, eventually settling on four beers from two brewers to pack and ex-port: Cerveza Urbana, a father-and-sons brewer that fuses American standards with a coastal Mexicali fl air (think Pacifi -co meets Ballast Point), and Cerveza Rrey, a Monterrey-based brewery started by two high-school buddies that focuses on easy-drinking versions of old-world tra-ditional styles.

Billmeyer and company were instantly leery of the omnipresent lime-spiked la-gers that have not only been well covered by Corona, Modelo, Tecate and Dos Equis but have been mimicked by craft brewers across the US. “We think that people are going to be looking for other types of beer beyond those traditional Mexican lagers,” said Billmeyer.

He hopes they will be looking for some-thing like the crisp, dry Kolsch and the bitter, brown England-inspired London

CONTINUES NEXT PAGE

live it! 23

W E L L B E I N G . T H E A R T S . W I N E + D I N E . S T Y L E + D E S I G N . L E I S U R E

THURSDAY JUNE 13, 2019 • THEED G E FINANCIAL DAILY

CARS BY H A N N A H E L L I OT T

Feast your eyes on the ugly old car worth US$1m

from Cerveza Rrey, or the golden Blonde Ale and west-coast Crossover IPA from Cerveza Urbana. Despite the wide range of tastes, all four beers have one thing in common: a sensibility Billmeyer says is shared by most Mexican craft beers at this early stage in the movement — easy drinkability, all be-low a sessionable 4.7% alcohol by volume (ABV), except the IPA, which registers only

a modest 6.5% ABV. Th is falls in line with in-creased consumer interest in lower-alcohol off erings as well.

Quest introduced these beers to limit-ed markets in May 2018, and now has 250 accounts throughout Missouri and 100 in Houston. Th is year, it has broken into metro Chicago and Los Angeles. Even though US President Donald Trump’s latest threat of tariff s on imports from Mexico was averted,

the spectre of bumpy trade relations with our neighbours to the south still hangs over the beer industry. (Constellation Brands, the maker and importer of Corona and Modello, saw its stock drop by 5.8% at the mere sugges-tion of Trump’s tariff s.) Nevertheless, Quest is eyeing expansion in California and Texas, where much of the Hispanic population is concentrated, then eventually tapping its two suppliers for additional styles that might

translate for American craft consumers.By leveraging its connections with A-B

wholesalers, Quest has tried to steer its prod-ucts into the import section of supermarket and liquor-store coolers, rather than the ever-shifting, always crowded craft shelves. Billmeyer hopes that this is the spot where Corona drinkers cross with adventurous connoisseurs to give America’s next craft-beer craze a Mexican fl avour. — Bloomberg

HERE is a contender for the loveliest ugly car you have ever seen.

Th e Lancia Delta S4’s quilted-togeth-er clamshell body looks like an early IBM computer, or a maroon conference-centre telephone from the 1980s, belying its al-most godlike status in certain circles. Th e rig achieved notoriety in the Group B rac-ing series, global rally competitions during the 1980s that birthed some of the fastest, most powerful and most sophisticated cars ever made.

Th e Delta S4, nicknamed “Stradale”, is also revered for its extreme rarity. Just 200 of them crossed the production line from 1985 to 1986. Of those, many met their de-mise — in part due to a notorious propen-sity to combust on impact — during races, while others were secretly crunched by the factory for reasons unknown.

Phillip Toledano, the British artist and car afi cionado who owns the 1985 S4 that I drove late in May in New Jersey, said his research shows 64 left in the world.

“With the S4, there’s this romanticism in the proximity to legend,” Toledano said. “Group B was so unhinged, and it was the ultimate representation of that mentality. In their day, these cars were doing zero to 60mph (96.56kph) — on gravel — in 2.3 seconds. Th at was faster than Formula One cars.”

Toledano bought his S4 three years ago from a shop in Japan. He had previous-ly owned a Lancia Stratos and a Lancia 037 Rally, but he was taken with the idea of owning the champion that Lancia had developed to compete with the dominant Audi Quattro.

Th e one he found, chassis No 10, was in near-perfect condition, with just 2,500km on the odometer. Th e original “orgy of Al-cantara” fabric, as he put it, remained intact, splashed all over the interior seats, doors and ceiling. It even had the original Martini Racing fl oor mats and Plexiglas windows that slide open sideways for quick access during races. Th at same commitment to expediency also explains the odd way the car splits in half as you lift the entire rear end: Repairs during Group B racing came frequently and on the fl y, so it made sense to make it as easy as possible for mechanics to get at the tangle of pipes, hoses, pistons and cables lodged underneath all the hon-ey-coloured Alcantara.

“At the time when it was racing, it was the most advanced car out there because it was supercharged and turbocharged and had four-wheel-drive,” Toledano said. “Th ese are technologies we see now, but at the time it was an incredible amount of engineering. And the crazy thing is in the 1980s, you could buy these things. Th ey were cheap.”

Th ese days, not so much.At an RM Sotheby’s auction in April, a

1985 Lancia Delta S4 Stradale in the exact colour as Toledano’s was sold for €1.04 mil-

lion (US$1.17 million or RM4.89 million), up considerably since a diff erent 1985 S4 took US$423,000 at Bonhams in August 2018.

You can buy its sister model, the four-door Lancia Delta Integrale, for far less — and far less prestige. Bring a Trailer lists some online for anywhere from US$30,000 to US$70,000.

Th e values of both are rising, said Hag-erty spokesman Jonathan Klinger.

“Th e appeal of the Group B rally cars — such as the Delta S4, Renault R5 Turbo, Peugeot 205 T16, Ford RS200 and Audi Sport Quattro — is the wild performance con-tained in a body that looks vaguely like an econobox, but wider and with more vents and wings,” he said.

According to the Hagerty Price Guide values, the value of the more common Lan-cia Delta Integrale Evolution 2, for instance, has increased by 60% from 2016 to now. A similar rise is expected for the S4. “Th e RM sale could be a sign that values are on the way up for the Delta S4,” Klinger said.

Driving the legendGet behind the wheel of the four-cylin-der, 500-horsepower (hp) coupe, and it is easy to see how it earned its reputation. (Combined with a lightweight Kevlar body and thrust-y transmission, its plucky little engine produced racing feats that would become legendary. Lancia still holds the record for the most world rally champion-ship victories of any automaker, while the Delta model line in particular remains the most successful ever to compete in rally-ing.) Th e short gearbox shifts smoothly and quickly. Th e steering is so precise and nimble, and the car whips so thrillingly, that even the kindest pilot will become an instant aggressor drunk on power and dopamine.

Th e brakes, of course, are less than at-tentive. Th ey feel spongy even when you stomp on them. And while the headroom and shoulder room inside will facilitate even helmets for drivers, the footwells narrow down to a single-leg size towards the front

of the car. (You are sitting directly over the gas tank, a deadly combination for anyone in the S4 on major impact.) But who needs brakes when you are racing anyway? Good drivers know that winning is just about weight and momentum management.

Th e best thing about the S4 is that as you drive, you are never “off -boost” — you have access to immediate and intoxicating engine power at all times. Th at is because as you press the gas, the supercharger fi lls in where the turbocharger is not, eliminat-ing the moment of lag that turbo engines infamously proff er.

How does it sound? Like an old buzz saw operated by a maniacal gardener. Th e whole neighbourhood will know you are coming.

“It’s just so exciting to drive,” Toledano said as we stopped at a gas station to switch drivers along the Jersey turnpike. He paused to snap a photo of the car with his cell phone. “See, my hands get shaky when I drive it! It’s all the adrenaline. I love it.” — Bloomberg

FROM PR E V I O U S PAGE

01

01. The Lancia Delta S4, nicknamed ‘Stradale’, has two doors, two seats and a hatchback rear end. Photos by Bloomberg

02. The rear half of the S4 opens like a clamshell to give mechanics easy access to the engine during races.

03. The S4 is a fi ve-speed manual car with supercharging, turbocharging and all-wheel-drive. It does not have a radio.

02 03

2 4 S P O RT S THURSDAY JUNE 13, 2019 • THEEDGE FINANCIAL DAILY

Messi unseats Mayweather as highest-paid athleteBarcelona forward racked in US$127 million over past year — Forbes

BY F R A N K P I N G U E

BY M AT T H I A S B L A M O N T

BY S T E V E K AT I N G

Fifteen Serie A clubsvote against Champions League reform BERN: Fifteen of Serie A’s 20 clubs have voted against a pro-posal to create a semi-closed Champions League from 2024 onwards. In a statement seen by Reuters, the clubs backed a resolution which said that qual-ifi cation for Uefa club compe-titions such as the Champions League should be based exclu-sively on performances in do-mestic leagues, as happens at present. Juventus were the only club to vote against the resolu-tion while Inter Milan, AC Mi-lan, AS Roma, and Fiorentina all abstained. England’s Premier League, Germany’s Bundesli-ga, and France’s Ligue 1 have already said they oppose the proposal. — Reuters

Thiem seeks to end Serena row with mixed doubles off erBENGALURU: Austria’s Domi-nic Th iem has extended an olive branch to Serena Williams after their media room misunder-standing at the French Open by off ering to partner the American in mixed doubles at Wimbledon or the US Open. Thiem, who fi nished runner-up at Roland Garros, was left fuming after being asked to make way for Williams at a post-match news conference following her third-round defeat in the fi rst week of the tournament. “I fi nd her (Williams) achievements un-believable, sensational. I would like to make amends with her in Wimbledon or the US Open mixed doubles,” he told report-ers on Tuesday. — Reuters

Nadal considered ending season after March injuryBENGALURU: French Open champion Rafa Nadal has said he nearly ended his season after be-ing forced to withdraw from the Indian Wells semi-fi nals with a knee injury in March but played through the pain at Roland Gar-ros to clinch a record-extend-ing 12th title. Nadal conceded a walkover to Roger Federer at Indian Wells and skipped the Miami Open before returning to the tour for the clay season. “Mentally, after Indian Wells, I suff ered a major downturn,” the Spaniard told the ATP website. “I considered shutting down my season to see if my body would recuperate instead of playing through injury after injury.” — Reuters

La Liga fi ned by Spain’s data protection agencyMADRID: La Liga has been fi ned €250,000 (RM1.18 million) by the national data protection agency for not adequately in-forming users of its offi cial app that the programme can activate smartphone microphones and monitor user location, it said on Tuesday. Spain’s top profes-sional football division said in a statement that it had always complied with data protection regulations and denied breaking the law. — Reuters

I N BR I E F

TORONTO: Barcelona and Argen-tina forward Lionel Messi (pic) de-throned fi ve-division boxing world champion Floyd Mayweather as the highest-paid athlete over the past year, according to the annual list published by business magazine Forbes on Tuesday.

Messi, who scored 36 goals while leading Barcelona to the La Liga title this year, earned US$127 mil-lion (RM528.32 million) between his salary and endorsements to move up one spot on the list of the world’s 100 highest-paid athletes.

Juventus forward Cristiano Ronaldo (US$109 million), Par-is Saint-Germain forward Neymar (US$105 million), Mexican boxer Canelo Alvarez (US$94 million), and Swiss tennis great Roger Federer (US$93.4 million) rounded out the top five.

Mayweather, who topped the list in 2018 and four times in sev-e n y e a r s, only had an exhi-

bition match last December in Japan and did not crack the top

100, which comprised athletes from 10 different sports.

Players from the Na-tional Basketball Asso-

ciation led all sports with 35 players among the top 100, none higher than Los

Angeles Lakers forward LeBron James, who was

ranked eighth with to-tal earnings of US$89

million.American foot-

ball was the next most-represented

sport with 19 players, followed by baseball with 15, and football with 12.

According to Forbes, the high-est-paid athletes of its list collec-tively earned US$4 billion over the last 12 months, up 5% from last year’s earnings of US$3.8 billion.

Forbes also said Americans dominated the list with 62 ath-letes, which it credited to sky-high salaries in the major sports leagues. The UK had five athletes, France and Spain had three, while Brazil, Canada, the Dominican Republic, Germany, Serbia, and Venezuela all had two. — Reuters

REIMS: Striker Alex Morgan scored fi ve times as holders the US began their World Cup campaign with a record 13-0 win over Th ailand on Tuesday.

Th e Group F result was the larg-est margin of victory in either the men’s or women’s World Cup.

When the Americans headed for the interval 3-0 up, there was little indication of what was to come in the second half.

After netting four times in six minutes shortly after the restart,

they then added six more goals in the last 16 minutes.

Morgan opened the goal spree for the title favourites, who are in pursuit of a fourth world crown, with a header in the 12th minute and from then on there was no stopping the champions.

Eight minutes later, Rose Lavel-le found the net with a left-foot-ed shot while midfielder Lindsey Horan gave them a 3-0 half-time lead.

Samantha Mewis opened the fl oodgates fi ve minutes after the break as the US made life miserable

for the Th ais by regularly fi nding the back of the net.

In total, seven Americans scored during the match, with Morgan (5), Lavelle (2), Mewis (2), Horan, Megan Rapinoe, Mallory Pugh, and Carli Lloyd all fi nding their way on to the scoresheet in a performance that is bound to strike fear into all of those teams hoping to end the US’ reign as world champions.

“We really wanted to showcase ourselves and what we’ve been preparing for and working on and I think we did that”, said Morgan. — Reuters

PEBBLE BEACH: Former cham-pion Jordan Spieth arrived at this week’s US Open confi dent that his months-long struggles on the course are fi rmly behind him after a string of three con-secutive top-10 fi nishes.

Spieth, who will seek a fourth major title and fi rst since his tri-umph at the 2017 British Open, said his putting stroke had been fl uid for months while his swing was also progressing in the right direction.

“But there’s one thing of knowing how to do it. Th ere’s another of practising it and then trusting it on the golf course in tournament play,” Spieth told reporters on Tuesday at Pebble Beach Golf Links.

“And those last four weeks were big for me to have — be able to trust it in tournament play, have those reps under pressure, see where I’m actually at and see what I need to improve on.”

Spieth, who will play the opening two rounds this week alongside fellow Amer-ican Tiger Woods and Eng-lishman Justin Rose, showed a long-awaited return to form at last month’s PGA Champi-onship, where he fi nished in a share of third place.

Th e result, during which he looked like his old self on the greens and putted with confi -dence, marked his fi rst top-10 placing since last July. Spieth then earned a share of eighth place at Colonial before a tie for seventh at the Memorial Tour-nament. — Reuters

Spieth enjoys timely return to form aheadof US Open

Morgan scores fi ve as US demolishTh ailand in record World Cup victory

Morgan (centre) scoring one of her fi ve goals for the US during the Women’s World Cup Group F match against Thailand at the Stade Auguste-Delaune in Reims, France on Tuesday. Photo by Reuters

REUTERS

2 5

THURSDAY JUNE 13, 2019 • THEED G E FINANCIAL DAILY

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)

Bursa Malaysia Main Market YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)

Bursa Malaysia

FBM KLCI 1,650.74 -0.46 -0.03FBM ACE 4,448.95 44.75 1.02FBM TOP 100 11,481.16 2.29 0.02FBM EMAS 11,630.91 1.52 0.01FBM MID 70 14,404.00 25.17 0.18FBM MIDS CAP 13,622.50 -18.93 -0.14FBM SMALL CAP 12,846.76 -15.98 -0.12FBM FLEDGLING 14,811.71 -13.70 -0.09FTSE4GOOD BURSA M’SIA 925.15 -0.82 -0.09FBM PALM OIL PLANTATION MYR 12,378.54 -46.17 -0.37FBM EMAS SHARIAH 11,845.07 4.64 0.04FBM HIJRAH SHARIAH 13,269.53 18.40 0.14FBM MIDS CAP SHARIAH 13,114.32 -16.45 -0.13

INDICES CLOSE +/- %CHGCONSTRUCTION 211.82 0.74 0.35CONSUMER PRODUCTS & SERVICES 678.18 1.22 0.18ENERGY 1,003.16 -6.85 -0.68FINANCIAL SERVICES 16,836.21 -27.66 -0.16HEALTH CARE 1,294.92 -4.00 -0.31INDUSTRIAL PRODUCTS & SERVICES 160.25 -0.36 -0.22PLANTATION 6,868.35 -20.10 -0.29PROPERTY 902.47 -4.04 -0.45REAL ESTATE INVESTMENT TRUSTS 995.44 -2.88 -0.29TECHNOLOGY 32.14 0.11 0.34TELECOMMUNICATION & MEDIA 663.30 5.54 0.84TRANSPORTATION & LOGISTICS 746.16 -1.61 -0.22UTILITIES 984.77 -1.04 -0.11

INDICES CLOSE +/- %CHG

Sectorial Movement

CONSUMER PRODUCTS & SERVICES 0.985 0.700 0.830 0.820 0012 3A 0.830 -0.010 79.1 0.822 11.79 2.41 408.4 0.385 0.205 0.240 0.235 5238 AAX 0.235 -0.005 11136 0.236 — — 974.8 0.490 0.300 0.380 0.380 7120 ACOSTEC 0.380 UNCH 24.2 0.380 — — 73.9 2.450 1.380 1.580 1.550 6599 AEON 1.560 UNCH 2570.1 1.560 19.95 2.56 2,190.2 0.255 0.115 0.145 0.145 7315 AHB 0.145 UNCH 66.7 0.145 15.26 — 25.5 9.748 6.033 8.500 8.450 7090 AHEALTH 8.470 0.010 50.8 8.493 17.49 1.59 997.6 3.152 1.914 2.870 2.820 5099 AIRASIA 2.860 UNCH 7912.6 2.853 10.38 8.39 9,558.0 22.300 17.100 17.680 17.300 2658 AJI 17.680 0.280 6.7 17.41 19.00 2.63 1,074.9 7.526 5.481 6.180 6.030 6351 AMWAY 6.030 0.050 6 6.075 17.34 3.32 991.2 0.035 0.005 0.020 0.015 5194 APFT 0.015 UNCH 3816.3 0.020 — — 20.1 4.243 3.550 3.950 3.880 6432 APOLLO 3.950 0.060 9 3.908 20.89 5.06 316.0 0.190 0.105 0.150 0.145 1481 ASB 0.150 0.005 1363.3 0.145 — 1.67 139.4 0.670 0.325 — — 7722 ASIABRN 0.520 — — — 13.44 — 121.0 2.738 2.316 2.430 2.390 7129 ASIAFLE 2.400 -0.010 21.7 2.419 9.78 6.25 467.4 4.800 3.990 4.120 4.040 7048 ATLAN 4.100 UNCH 9 4.083 26.06 4.88 1,040.0 0.325 0.130 0.165 0.155 8885 AVI 0.165 UNCH 904.7 0.164 — — 141.7 38.127 28.800 29.500 29.200 4162 BAT 29.500 0.300 171.6 29.28 18.27 5.15 8,423.1 2.440 1.730 2.410 2.370 5248 BAUTO 2.400 UNCH 2420.3 2.392 10.61 5.44 2,791.7 1.810 1.272 1.750 1.740 5196 BJFOOD 1.750 UNCH 81.1 1.746 27.96 2.29 668.4 0.325 0.180 0.200 0.195 4219 BJLAND 0.195 -0.005 6877.2 0.197 — — 975.1 2.630 1.943 2.590 2.550 1562 BJTOTO 2.590 0.010 499.6 2.570 14.49 5.98 3,499.2 0.360 0.205 0.360 0.335 9288 BONIA 0.335 UNCH 1741.1 0.346 22.95 — 270.1 0.385 0.055 0.085 0.080 9474 BRAHIMS 0.080 -0.005 280.6 0.081 — — 18.9 0.982 0.491 0.540 0.525 7174 CAB 0.540 0.010 342.2 0.526 16.22 0.93 354.8 0.639 0.367 — — 7154 CAELY 0.450 — — — 140.63 1.11 73.6 0.310 0.220 — — 7128 CAMRES 0.240 — — — 17.27 — 47.2 2.000 1.500 1.920 1.910 5245 CARING 1.910 -0.010 5 1.916 19.43 2.62 415.8 27.031 16.611 24.320 23.980 2836 CARLSBG 24.240 -0.080 161.3 24.10 26.10 3.16 7,411.3 2.180 1.350 1.500 1.480 2925 CCB 1.500 UNCH 348.7 1.490 7.32 — 151.1 0.983 0.355 0.535 0.520 7035 CCK 0.525 -0.005 1725.9 0.526 15.86 2.38 331.1 0.495 0.290 — — 7209 CHEETAH 0.300 — — — 14.93 1.33 38.3 1.983 1.210 1.300 1.300 2828 CIHLDG 1.300 0.010 0.3 1.300 9.90 7.69 210.6 0.090 0.060 — — 5104 CNI 0.070 — — — — 4.29 50.4 0.075 0.030 0.035 0.035 5188 CNOUHUA 0.035 0.005 100 0.035 — — 23.4 2.376 1.800 1.820 1.800 7205 COCOLND 1.800 -0.020 80.8 1.802 13.38 3.33 411.8 0.085 0.005 0.045 0.045 0301 CRG 0.045 UNCH 52 0.045 12.50 — 36.3 1.472 1.013 1.050 1.040 7202 CSCENIC 1.040 UNCH 28.1 1.040 16.38 5.77 125.3 0.020 0.010 — — 5214 CSL 0.010 — — — — — 12.4 0.540 0.400 — — 9423 CWG 0.405 — — — 12.50 3.70 51.1 0.040 0.025 0.030 0.030 7179 DBE 0.030 UNCH 71 0.030 — — 80.3 1.090 0.915 — — 7119 DEGEM 1.020 — — — 100.00 0.98 136.7 4.017 2.140 2.570 2.540 5908 DKSH 2.570 0.030 78.6 2.549 12.22 3.89 405.2 67.469 58.442 63.500 63.500 3026 DLADY 63.500 -0.020 2.1 63.50 31.46 1.57 4,064.0 1.463 0.925 1.380 1.370 7148 DPHARMA 1.370 -0.010 443.4 1.370 17.56 2.97 906.8 2.543 1.600 2.160 2.130 1619 DRBHCOM 2.140 -0.010 2044.6 2.146 33.65 1.40 4,137.1 0.190 0.075 0.085 0.080 2097 EASTLND 0.080 -0.005 177 0.082 — — 19.7 0.665 0.518 — — 5081 EIG 0.570 — — — 13.73 5.26 135.2 0.085 0.035 — — 7182 EKA 0.060 — — — — — 18.7 0.235 0.150 0.165 0.160 9091 EMICO 0.165 UNCH 48 0.161 31.13 — 17.4 1.208 0.820 — — 7149 ENGKAH 1.100 — — — 11.52 5.45 77.8 0.185 0.155 — — 0302 ETH 0.180 — — — — — 44.2 0.250 0.095 0.100 0.095 7208 EURO 0.100 -0.005 412 0.097 — — 26.7 0.750 0.400 — — 7094 EUROSP 0.410 — — — — — 18.2 39.298 28.688 35.000 34.260 3689 F&N 34.780 -0.020 110 34.73 30.88 1.65 12,756.6 0.959 0.650 — — 2755 FCW 0.670 — — — 268.00 14.93 167.5 0.543 0.428 0.495 0.480 6939 FIAMMA 0.480 -0.015 50.1 0.480 7.21 4.69 254.4 0.523 0.277 0.390 0.385 8605 FIHB 0.385 UNCH 122.7 0.385 5.76 — 42.0 1.955 1.199 — — 9172 FPI 1.720 — — — 11.21 5.81 425.5 1.890 0.680 1.500 1.470 7184 G3 1.470 UNCH 170.4 1.490 — — 606.9 4.240 1.617 3.770 3.710 5102 GCB 3.730 -0.040 462.3 3.728 8.74 0.40 1,791.0 0.540 0.400 0.480 0.480 5592 GCE 0.480 UNCH 20 0.480 — 4.17 94.6 5.162 2.696 3.220 3.190 4715 GENM 3.220 0.020 6598.3 3.206 — 3.42 19,120.5 8.741 5.851 6.670 6.470 3182 GENTING 6.620 0.070 3180.7 6.557 19.22 2.19 25,665.1 0.415 0.100 0.215 0.210 5079 GETS 0.215 -0.005 686 0.212 — — 27.1 0.200 0.105 0.125 0.120 0136 GREENYB 0.125 0.010 259.7 0.125 62.50 — 41.7 4.825 2.280 2.400 2.370 7668 HAIO 2.380 UNCH 76.5 2.382 13.55 7.56 714.7 3.980 3.400 3.920 3.880 5008 HARISON 3.920 0.040 13 3.900 11.48 5.10 268.5 0.160 0.055 0.095 0.095 5187 HBGLOB 0.095 -0.005 130 0.095 4.04 — 44.5 25.100 17.420 23.800 23.360 3255 HEIM 23.540 -0.300 141.7 23.46 24.82 3.99 7,111.4 11.623 8.420 11.180 11.080 3301 HLIND 11.140 0.040 66.9 11.11 9.87 3.59 3,652.8 0.790 0.585 0.665 0.645 5160 HOMERIZ 0.650 -0.015 434.9 0.655 9.05 3.85 195.0 1.056 0.922 0.955 0.945 5024 HUPSENG 0.950 UNCH 710.2 0.948 18.13 6.32 760.0 0.395 0.280 — — 8478 HWATAI 0.305 — — — — — 22.8 0.080 0.030 0.040 0.030 7243 IMPIANA 0.040 0.010 8497.9 0.035 — — 223.8 2.070 0.930 — — 5107 IQGROUP 1.040 — — — — — 91.5 0.050 0.030 0.040 0.035 7223 JADI 0.035 UNCH 510.4 0.040 70.00 — 33.0 0.985 0.687 0.980 0.975 7152 JAYCORP 0.980 UNCH 62 0.979 8.54 3.06 134.5 0.453 0.330 — — 8931 JERASIA 0.375 — — — 4.05 2.67 30.8 1.600 0.811 1.470 1.420 7167 JOHOTIN 1.420 -0.020 531 1.442 11.09 3.87 440.9 0.400 0.260 — — 8672 KAMDAR 0.330 — — — — — 65.3 0.931 0.375 0.515 0.505 5247 KAREX 0.505 -0.005 4938.6 0.509 99.02 0.99 506.2 2.496 1.270 1.320 1.270 7216 KAWAN 1.320 0.010 652.1 1.300 23.32 1.89 474.6 0.225 0.080 0.160 0.160 8303 KFM 0.160 UNCH 5 0.160 — — 10.9 0.675 0.370 0.380 0.370 6203 KHEESAN 0.370 -0.010 2761.6 0.377 8.24 — 38.5 1.880 1.400 1.700 1.700 7062 KHIND 1.700 -0.010 18.4 1.700 32.69 0.59 68.1 1.837 1.566 1.800 1.780 0002 KOTRA 1.800 0.020 131.5 1.795 11.52 3.33 259.1 0.840 0.295 0.825 0.800 7130 KPOWER 0.815 UNCH 1302.9 0.819 — — 62.1 0.140 0.060 — — 5172 KSTAR 0.060 — — — — — 23.2 0.195 0.050 0.095 0.090 4847 KTB 0.090 -0.010 414.5 0.090 — — 36.3 0.760 0.430 0.445 0.440 1643 LANDMRK 0.440 -0.005 42 0.442 — — 232.7 4.065 2.931 3.820 3.720 7006 LATITUD 3.820 -0.030 1.6 3.783 25.47 0.79 371.3 0.936 0.325 0.455 0.430 9385 LAYHONG 0.430 -0.020 12900.6 0.444 41.35 1.16 283.9 1.061 0.779 0.895 0.895 8079 LEESK 0.895 UNCH 0.2 0.895 14.03 2.79 150.2 1.190 1.010 1.100 1.070 6633 LHI 1.070 -0.020 4251.6 1.081 — — 3,905.5 3.198 2.220 2.950 2.860 7089 LIIHEN 2.950 0.030 255.9 2.937 8.01 5.25 531.0 0.630 0.280 0.365 0.350 7126 LONBISC 0.360 -0.005 2856 0.358 4.44 — 102.9 1.389 0.774 1.040 1.000 7085 LTKM 1.000 -0.040 37.2 1.014 6.21 2.00 130.1 5.248 3.767 5.020 4.930 7087 MAGNI 4.980 0.050 178 4.990 8.02 2.81 810.4 2.480 1.715 2.470 2.420 3859 MAGNUM 2.460 0.030 1199.6 2.450 31.70 6.10 3,536.9 0.145 0.115 0.120 0.115 3514 MARCO 0.120 UNCH 50 0.118 9.16 2.50 126.5 0.015 0.005 — — 5189 MAXWELL 0.010 — — — — — 4.0 1.000 0.770 0.780 0.770 5886 MBG 0.770 -0.010 3 0.777 27.90 1.95 46.8 3.080 1.838 2.930 2.910 5983 MBMR 2.910 -0.020 106.7 2.923 6.20 4.12 1,137.5 0.400 0.185 — — 7234 MESB 0.275 — — — 7.05 — 22.5 0.235 0.177 — — 0301 MFGROUP 0.235 — — — 25.54 — 75.2 1.184 0.446 0.755 0.730 3662 MFLOUR 0.735 -0.010 3637.3 0.740 14.05 3.96 736.4 0.860 0.600 — — 7935 MILUX 0.785 — — — — — 42.7 0.145 0.035 0.040 0.040 5166 MINDA 0.040 0.005 110.6 0.040 — — 49.6 3.850 1.350 1.420 1.400 5202 MSM 1.410 UNCH 144.9 1.412 77.47 — 991.2 0.040 0.005 — — 5150 MSPORTS 0.010 — — — — — 6.1 0.245 0.145 0.240 0.230 3891 MUIIND 0.240 UNCH 6762.9 0.235 — — 703.8 2.650 1.620 2.300 2.260 3905 MULPHA 2.260 -0.040 13.3 2.297 2.65 — 722.3 1.709 1.320 1.370 1.340 5275 MYNEWS 1.370 0.030 40.2 1.341 32.93 0.73 934.6 149.15 140.37 148.00 147.30 4707 NESTLE 148.000 -0.100 114.3 147.84 52.36 1.89 34,706 3.254 2.500 — — 7060 NHFATT 2.680 — — — 15.61 3.73 221.6 0.050 0.020 0.035 0.025 7139 NICE 0.035 0.010 6021.9 0.030 2.02 — 24.6 0.267 0.117 0.185 0.165 7215 NIHSIN 0.165 0.005 2153.2 0.175 23.24 — 53.0 0.587 0.415 0.450 0.420 5066 NTPM 0.440 0.010 253 0.432 33.59 5.45 494.2 0.580 0.300 — — 5533 OCB 0.450 — — — — — 46.3 0.611 0.395 0.435 0.420 0049 OCNCASH 0.435 0.005 7.1 0.420 21.53 2.09 106.7 0.951 0.631 0.790 0.770 7107 OFI 0.780 UNCH 139.4 0.772 12.81 2.82 187.2 0.135 0.090 0.120 0.120 3018 OLYMPIA 0.120 UNCH 450 0.120 10.26 — 122.8 6.870 5.766 6.770 6.640 4006 ORIENT 6.650 -0.120 516.1 6.697 7.61 3.01 4,125.6 1.055 0.460 0.495 0.490 5260 OWG 0.495 UNCH 53 0.493 17.68 — 141.1 6.070 3.125 3.740 3.700 7052 PADINI 3.720 0.010 129.6 3.712 15.01 2.69 2,447.4 39.301 33.391 38.340 38.280 3719 PANAMY 38.280 -0.020 4.8 38.31 22.00 5.90 2,325.3 0.427 0.291 — — 5022 PAOS 0.355 — — — 47.33 4.51 64.3 0.350 0.230 0.275 0.275 9407 PARAGON 0.275 UNCH 10 0.275 — — 19.3 0.650 0.225 0.260 0.250 5657 PARKSON 0.250 -0.015 1274.7 0.253 — — 273.5 0.565 0.185 0.490 0.475 6068 PCCS 0.480 -0.005 2126.2 0.479 7.40 2.08 100.8 0.635 0.285 0.320 0.310 5231 PELIKAN 0.320 -0.015 45 0.312 29.09 — 177.1 0.610 0.340 0.400 0.390 9997 PENSONI 0.400 -0.020 200 0.395 — — 51.9 0.590 0.210 0.560 0.555 7080 PERMAJU 0.555 -0.005 1503 0.560 — — 108.7 28.201 22.497 25.580 25.300 5681 PETDAG 25.480 -0.100 406.2 25.48 27.46 2.83 25,313.2 0.175 0.135 0.150 0.145 4081 PMCORP 0.150 -0.005 39.3 0.150 18.29 — 116.0 0.140 0.035 0.085 0.080 1287 PMHLDG 0.080 -0.005 1122.5 0.080 — — 74.3 0.525 0.431 0.490 0.485 5080 POHKONG 0.485 -0.005 39.6 0.486 8.60 2.06 199.0 1.619 1.211 1.570 1.550 7088 POHUAT 1.570 UNCH 381.1 1.559 6.14 3.82 368.5 19.600 16.679 18.880 18.500 4065 PPB 18.700 0.020 340.2 18.69 23.46 1.50 26,602.6 0.464 0.326 — — 7190 PPG 0.350 — — — 39.33 1.43 35.0 0.860 0.570 0.605 0.570 7168 PRG 0.605 -0.005 496 0.593 — — 197.0

0.827 0.495 0.580 0.550 8966 PRLEXUS 0.570 0.020 15.3 0.554 33.73 2.63 102.8 0.315 0.195 0.205 0.195 0186 PTRANS 0.200 UNCH 2988.5 0.200 7.60 4.75 284.6 0.920 0.686 0.755 0.735 7134 PWF 0.755 UNCH 21.1 0.746 9.32 3.97 131.3 1.629 1.360 1.460 1.410 7237 PWROOT 1.420 -0.020 386.2 1.422 19.64 5.63 572.0 7.630 5.613 6.890 6.730 7084 QL 6.890 0.150 539.5 6.812 51.61 0.65 11,178.6 0.485 0.340 — — 9946 REX 0.395 — — — — — 97.4 0.265 0.190 0.205 0.200 0037 RGB 0.200 -0.005 1111.3 0.200 8.66 3.50 308.2 0.868 0.669 — — 5278 RHONEMA 0.730 — — — 14.69 4.11 133.3 0.632 0.290 0.315 0.310 0183 SALUTE 0.310 -0.005 167.6 0.310 — 7.74 120.3 0.490 0.140 0.370 0.355 9113 SANBUMI 0.355 -0.010 2491.9 0.362 — — 88.4 0.390 0.165 0.180 0.175 5252 SASBADI 0.175 -0.005 478.5 0.180 102.9 — 73.3 0.475 0.265 0.285 0.280 5157 SAUDEE 0.285 0.005 22 0.281 — — 37.7 0.675 0.577 0.630 0.630 9792 SEG 0.630 UNCH 200 0.630 16.62 4.37 796.7 1.560 1.199 1.500 1.480 5250 SEM 1.500 0.020 60.9 1.490 32.19 1.60 1,850.1 0.645 0.480 — — 7180 SERNKOU 0.510 — — — 13.25 — 122.4 6.068 5.310 — — 5517 SHANG 5.550 — — — 36.37 2.70 2,442.0 0.815 0.445 — — 7412 SHH 0.445 — — — — — 22.2 0.649 0.315 0.480 0.470 7246 SIGN 0.470 -0.015 32.9 0.475 — 3.19 112.9 2.663 2.022 2.300 2.270 4197 SIME 2.300 UNCH 1584.1 2.294 16.79 2.61 15,641.9 0.530 0.215 0.250 0.250 8532 SINOTOP 0.250 UNCH 4 0.250 32.47 — 98.7 0.383 0.105 0.175 0.165 9776 SMCAP 0.165 -0.005 255.1 0.166 — — 35.3 0.310 0.220 — — 7943 SNC 0.235 — — — — — 15.5 0.370 0.200 — — 5242 SOLID 0.290 — — — 107.4 0.69 113.7 2.417 1.965 — — 7103 SPRITZER 2.300 — — — 19.18 1.52 483.0 2.830 1.920 2.780 2.780 9865 SUIWAH 2.780 UNCH 1 2.780 33.13 0.36 169.6 0.680 0.582 — — 0301 SUPREME 0.680 — — — 15.70 0.62 81.6 0.900 0.500 0.550 0.530 7186 SWSCAP 0.530 UNCH 42 0.533 — — 96.6 0.347 0.175 0.200 0.195 7082 SYF 0.200 -0.005 133.3 0.198 — 6.25 123.8 0.420 0.270 — — 7211 TAFI 0.280 — — — — — 22.4 1.824 1.313 1.490 1.480 4405 TCHONG 1.490 0.010 73 1.488 8.26 2.68 1,001.3 1.550 0.695 1.170 1.100 7439 TECGUAN 1.170 -0.010 16.9 1.155 18.43 — 46.9 0.325 0.210 0.215 0.215 7200 TEKSENG 0.215 UNCH 16 0.215 — — 74.9 1.430 0.717 1.150 1.110 7252 TEOSENG 1.120 0.010 3213 1.134 7.32 4.91 336.0 1.090 0.866 — — 9369 TGL 0.960 — — — 6.01 5.21 39.1 0.588 0.440 0.470 0.460 7230 TOMEI 0.460 -0.015 45 0.468 12.50 2.17 63.8 0.460 0.300 0.395 0.385 7176 TPC 0.385 UNCH 198 0.389 27.30 — 90.0 6.545 4.177 5.500 5.340 4588 UMW 5.410 0.060 362.4 5.397 12.39 1.39 6,320.5 2.439 2.050 2.260 2.260 7757 UPA 2.260 UNCH 2 2.260 19.86 3.54 179.9 1.080 0.770 — — 7240 VERTICE 0.860 — — — — — 162.3 1.465 0.950 1.090 1.090 7203 WANGZNG 1.090 0.040 0.5 1.090 16.72 3.67 174.4 2.306 1.982 — — 5016 WARISAN 2.120 — — — 21.74 1.89 142.5 0.210 0.070 0.085 0.085 5156 XDL 0.085 -0.005 11535 0.085 10.00 — 153.4 0.575 0.400 0.450 0.435 7121 XIANLNG 0.435 -0.005 51.5 0.450 — — 34.8 0.065 0.035 — — 5155 XINQUAN 0.055 — — — — — 26.7 2.34 1.800 2.330 2.330 5584 YEELEE 2.330 UNCH 109.2 2.330 12.71 1.72 446.4 1.284 0.950 1.100 1.080 5159 YOCB 1.080 -0.020 44 1.085 6.12 4.17 172.8 3.390 2.290 2.610 2.550 7178 YSPSAH 2.610 0.080 99.8 2.592 12.66 2.68 363.0 1.470 1.149 1.400 1.370 5131 ZHULIAN 1.400 UNCH 15.7 1.373 11.89 5.71 644.0INDUSTRIAL PRODUCTS & SERVICES 0.120 0.070 0.075 0.075 7086 ABLEGRP 0.075 0.005 75 0.075 — — 19.8 0.595 0.350 0.350 0.350 7191 ADVENTA 0.350 -0.005 10 0.350 — — 53.5 2.080 1.744 — — 9148 ADVPKG 1.890 — — — 34.62 3.17 38.8 0.180 0.080 0.095 0.085 7146 AEM 0.090 -0.010 0.6 0.090 — — 26.9 0.740 0.370 — — 5198 AFUJIYA 0.505 — — — 21.77 — 90.9 0.335 0.200 — — 2682 AISB 0.240 — — — — — 34.7 0.640 0.485 0.510 0.505 7609 AJIYA 0.510 0.005 12.1 0.510 6.23 1.96 155.3 0.895 0.420 0.525 0.510 2674 ALCOM 0.520 0.010 180.4 0.522 20.31 — 69.9 1.391 0.985 — — 7083 ANALABS 1.000 — — — 13.18 2.00 120.0 0.682 0.440 0.465 0.465 4758 ANCOM 0.465 0.010 12 0.465 8.36 — 112.0 2.244 1.110 1.520 1.480 6556 ANNJOO 1.520 0.030 709.6 1.512 10.00 7.89 851.1 0.060 0.030 0.040 0.035 9342 ANZO 0.040 UNCH 332.9 0.035 — — 35.2 0.880 0.500 — — 5568 APB 0.570 — — — — — 64.3 3.603 2.613 2.790 2.730 5015 APM 2.750 UNCH 77.8 2.760 16.81 4.36 554.4 0.630 0.469 0.510 0.510 7214 ARANK 0.510 -0.005 14 0.510 6.52 4.55 86.5 0.605 0.097 0.460 0.450 7181 ARBB 0.455 UNCH 1731.7 0.452 3.88 — 57.8 0.951 0.581 0.695 0.665 7162 ASTINO 0.695 0.025 57.1 0.679 9.13 1.44 190.5 1.880 1.380 1.580 1.560 8176 ATAIMS 1.570 UNCH 64 1.571 15.97 — 1,890.9 0.895 0.500 0.525 0.520 7099 ATTA 0.520 -0.010 28.8 0.522 6.13 15.38 110.9 0.918 0.592 0.730 0.730 7579 AWC 0.730 -0.005 160.2 0.730 8.27 1.03 216.2 0.425 0.300 0.310 0.305 5021 AYS 0.310 0.005 65.1 0.306 6.35 8.06 117.9 1.753 1.130 1.210 1.130 8133 BHIC 1.150 -0.110 12.7 1.160 — 3.04 285.7 0.515 0.260 0.390 0.355 7005 BIG 0.390 -0.005 5.1 0.358 9.54 — 18.8 0.195 0.110 0.125 0.120 6998 BINTAI 0.125 UNCH 1273.2 0.121 104.1 — 36.2 0.340 0.245 0.260 0.255 3395 BJCORP 0.260 UNCH 2778 0.260 — — 1,355.9 0.754 0.500 0.585 0.580 0168 BOILERM 0.585 -0.005 35 0.583 11.34 2.99 301.9 0.075 0.040 0.045 0.040 7036 BORNOIL 0.040 -0.005 1443 0.040 — — 213.6 1.350 0.865 — — 6297 BOXPAK 1.060 — — — — — 127.2 1.150 0.849 1.050 1.050 5100 BPPLAS 1.050 UNCH 0.1 1.050 9.23 5.24 197.1 0.240 0.140 — — 9938 BRIGHT 0.190 — — — — — 39.0 0.560 0.260 — — 7221 BSLCORP 0.305 — — — — — 29.9 2.463 1.070 1.110 1.070 2771 BSTEAD 1.070 -0.020 837.2 1.078 — 4.67 2,168.9 0.190 0.070 0.105 0.105 7188 BTM 0.105 UNCH 8 0.105 — — 14.8 3.990 1.830 3.800 3.720 5105 CANONE 3.780 -0.020 527.4 3.758 5.50 1.06 726.3 0.015 0.010 — — 5229 CAP 0.010 — — — — — 13.6 1.393 0.942 1.000 0.995 7076 CBIP 1.000 0.010 153 1.000 14.95 4.00 538.2 2.331 1.499 2.010 1.980 2879 CCM 1.990 0.010 31.7 1.997 15.20 3.02 333.7 0.845 0.630 — — 8435 CEPCO 0.845 — — — — — 63.1 1.360 0.900 — — 8044 CFM 1.200 — — — — — 49.2 0.460 0.310 0.345 0.340 7187 CHGP 0.345 0.005 550 0.340 30.00 — 102.5 0.844 0.618 0.755 0.750 5273 CHINHIN 0.755 0.005 1533.6 0.752 17.72 3.97 420.1 1.945 1.407 1.800 1.790 5007 CHINWEL 1.790 -0.010 40 1.799 8.24 4.80 536.2 2.170 1.410 1.490 1.470 5797 CHOOBEE 1.470 -0.110 279.6 1.480 8.95 3.40 193.6 0.455 0.230 — — 7016 CHUAN 0.375 — — — 7.58 2.93 63.3 0.880 0.420 — — 8052 CICB 0.595 — — — — 1.63 53.6 0.045 0.035 — — 7018 CME 0.040 — — — — — 23.4 3.824 2.204 3.130 3.080 2852 CMSB 3.090 -0.010 795.4 3.103 12.55 2.39 3,319.8 0.900 0.365 0.440 0.440 7986 CNASIA 0.440 0.040 0.5 0.440 17.60 — 22.0 1.370 0.735 1.050 1.000 5071 COASTAL 1.050 0.010 2.5 1.010 — — 558.5 0.220 0.045 — — 7195 COMCORP 0.090 — — — — — 12.6 1.090 0.773 0.815 0.805 2127 COMFORT 0.810 -0.015 242.9 0.810 16.30 1.85 472.2 0.030 0.020 0.025 0.025 5037 COMPUGT 0.025 UNCH 1421.3 0.025 — — 59.8 1.350 0.975 1.070 1.060 5094 CSCSTEL 1.060 UNCH 73.3 1.067 24.54 3.77 402.8 0.630 0.380 — — 7157 CYL 0.400 — — — — 10.00 40.0 0.410 0.300 — — 5082 CYMAO 0.340 — — — — — 25.5 1.736 1.472 1.560 1.540 5184 CYPARK 1.560 0.010 36 1.542 8.64 2.50 714.9 2.370 1.550 1.980 1.960 8125 DAIBOCI 1.960 -0.010 51.1 1.963 42.15 1.71 642.7 0.668 0.332 0.585 0.570 5276 DANCO 0.570 -0.010 112.1 0.575 10.75 3.07 173.3 0.360 0.120 0.265 0.260 7212 DESTINI 0.265 UNCH 1020.7 0.261 — — 306.1 0.755 0.290 0.480 0.470 7114 DNONCE 0.475 -0.010 184.7 0.473 121.7 — 121.3 0.280 0.080 0.190 0.175 5835 DOLMITE 0.175 -0.015 4774.1 0.181 — — 49.9 0.170 0.070 0.125 0.125 5265 DOLPHIN 0.125 -0.005 18 0.125 — — 30.5 1.348 1.230 — — 7169 DOMINAN 1.240 — — — 7.84 5.65 204.9 2.570 0.587 1.690 1.600 7233 DUFU 1.630 0.010 2058.4 1.650 8.82 2.72 429.0 2.000 0.615 0.645 0.625 7165 DWL 0.630 -0.005 10477.3 0.634 — — 134.7 0.380 0.080 0.090 0.085 5178 DYNACIA 0.090 UNCH 912.3 0.085 — — 43.2 2.900 1.767 2.670 2.670 1368 EDGENTA 2.670 UNCH 7.3 2.670 14.65 5.24 2,220.4 0.320 0.170 0.195 0.190 0064 EFFICEN 0.190 -0.005 138.3 0.194 — — 134.7 0.640 0.390 0.415 0.400 8907 EG 0.405 -0.010 32.6 0.408 8.08 — 109.8 1.447 1.071 — — 5208 EITA 1.410 — — — 10.44 3.55 183.3 0.990 0.653 0.760 0.725 9016 EKSONS 0.745 0.005 31.5 0.740 — 6.71 122.3 0.590 0.350 0.370 0.365 7217 EMETALL 0.365 -0.005 35 0.370 135.1 — 68.7 1.230 0.675 0.725 0.700 5056 ENGTEX 0.705 -0.005 193 0.707 90.38 1.06 312.5 0.470 0.320 — — 7773 EPMB 0.370 — — — — — 61.4 0.625 0.295 0.320 0.305 5101 EVERGRN 0.310 -0.005 1343.4 0.310 — 1.55 262.4 1.380 1.050 — — 2984 FACBIND 1.230 — — — 69.89 — 104.7 2.880 2.200 2.780 2.710 7229 FAVCO 2.760 0.050 38.7 2.756 8.42 4.89 611.7 0.320 0.305 — — 0302 FBBHD 0.320 — — — — — 69.1 0.609 0.390 — — 0149 FIBON 0.405 — — — 17.61 1.85 39.7 1.970 1.703 — — 3107 FIMACOR 1.890 — — — 7.92 6.61 463.5 0.560 0.365 0.420 0.415 9318 FITTERS 0.420 -0.005 451.3 0.420 11.23 — 201.8 1.825 0.983 1.390 1.360 5197 FLBHD 1.390 0.040 163.2 1.374 4.79 10.43 147.3 0.441 0.199 0.325 0.315 5277 FPGROUP 0.320 UNCH 865.1 0.320 16.84 3.13 166.1 1.230 0.580 0.600 0.600 7197 GESHEN 0.600 UNCH 10 0.600 — — 48.0 0.545 0.415 0.425 0.415 5220 GLOTEC 0.425 UNCH 916.7 0.420 17.28 — 114.4 0.325 0.170 0.170 0.170 7192 GOODWAY 0.170 -0.005 20 0.170 — — 20.7 0.145 0.080 0.135 0.130 7096 GPA 0.135 0.005 368 0.131 — — 132.4 0.325 0.170 — — 5649 GPHAROS 0.255 — — — — 4.98 34.6 0.686 0.420 0.490 0.480 3247 GUH 0.490 0.010 29.3 0.481 — — 136.2 10.000 9.083 9.960 9.890 3034 HAPSENG 9.900 0.010 90.9 9.902 21.44 3.54 24,647.8 7.311 4.503 5.300 5.190 5168 HARTA 5.200 -0.060 2587.2 5.204 37.85 1.63 17,400.1 7.740 4.510 5.340 5.260 4324 HENGYUAN 5.260 -0.080 263.7 5.294 — — 1,578.0 0.908 0.513 0.670 0.665 5095 HEVEA 0.670 UNCH 110.9 0.666 23.02 7.46 375.9 1.050 0.670 0.790 0.770 5151 HEXTAR 0.790 UNCH 28.5 0.772 — — 648.3 0.806 0.609 0.700 0.695 3298 HEXZA 0.700 0.005 30.6 0.697 12.94 7.14 140.3 0.455 0.215 0.230 0.225 5072 HIAPTEK 0.225 -0.005 3504.5 0.226 — 2.22 302.4 1.360 0.760 1.070 1.040 5199 HIBISCS 1.070 UNCH 15027 1.057 5.59 — 1,699.4 1.655 1.093 — — 7033 HIGHTEC 1.170 — — — 13.91 1.71 47.5 0.727 0.465 0.525 0.510 8443 HIL 0.525 0.005 1003 0.514 13.19 3.33 175.4 0.810 0.390 0.570 0.550 5165 HOKHENG 0.570 0.020 47.4 0.552 — — 50.2 0.580 0.495 0.580 0.495 5291 HPMT 0.500 -0.060 71187.3 0.535 — — 164.2 1.290 0.525 1.080 1.070 0185 HSSEB 1.070 -0.010 63.2 1.070 — 0.72 530.6 0.385 0.130 0.195 0.180 2739 HUAAN 0.185 -0.010 12707.4 0.186 10.39 — 207.6 1.400 0.456 1.400 1.300 5000 HUMEIND 1.390 0.090 2341 1.365 — — 665.9 0.135 0.075 0.085 0.085 9601 HWGB 0.085 UNCH 7.5 0.085 — — 30.4 2.308 1.837 1.990 1.920 7222 IMASPRO 1.980 UNCH 2076.1 1.944 264.0 1.77 158.4 0.870 0.425 — — 5673 IPMUDA 0.450 — — — — — 32.6 0.175 0.095 0.105 0.100 7183 IRETEX 0.100 -0.005 55 0.102 — — 14.9 0.135 0.110 — — 8648 JASKITA 0.115 — — — — — 51.7 1.700 1.340 — — 0058 JCBNEXT 1.520 — — — 19.00 2.63 209.4 0.245 0.155 0.155 0.155 9083 JETSON 0.155 -0.015 5 0.155 — — 32.8 1.190 0.950 1.100 1.080 7043 JMR 1.100 UNCH 135.3 1.090 — — 139.5 0.235 0.115 0.120 0.115 0054 KARYON 0.120 0.005 219 0.120 13.04 2.50 57.1 0.630 0.480 0.520 0.510 7199 KEINHIN 0.520 0.030 8 0.518 18.77 1.92 56.6 1.680 1.410 1.670 1.660 6491 KFIMA 1.670 UNCH 34.1 1.660 7.86 5.39 471.3 1.410 0.748 1.270 1.240 0151 KGB 1.240 UNCH 394.8 1.252 16.49 1.45 378.1 0.325 0.130 — — 6211 KIALIM 0.280 — — — — — 17.3 1.380 1.090 — — 5371 KIMHIN 1.200 — — — — 4.17 186.7 0.010 0.005 — — 5060 KINSTEL 0.005 — — — — — 5.2 1.414 0.755 1.280 1.250 9466 KKB 1.280 0.010 41.1 1.275 16.95 3.13 330.0 0.225 0.070 0.190 0.180 7164 KNM 0.185 -0.005 11232.3 0.185 — — 481.7 0.800 0.350 — — 5035 KNUSFOR 0.660 — — — — — 65.8 1.680 0.960 1.430 1.430 6971 KOBAY 1.430 UNCH 6.7 1.430 7.57 — 146.0 0.390 0.120 0.290 0.280 7017 KOMARK 0.290 UNCH 4378.2 0.286 — — 47.9

* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share

MarketsB U R S A M A L A Y S I A M A I N M A R K E T

2 6 THURSDAY JUNE 13, 2019 • THEEDGE FINANCIAL DAILY

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)

4.647 3.543 4.070 4.020 7153 KOSSAN 4.050 -0.020 1824.6 4.040 24.12 1.48 5,179.7 1.624 0.922 1.030 1.010 5843 KPS 1.030 0.010 381.1 1.022 — 4.13 553.5 0.685 0.470 0.515 0.515 9121 KPSCB 0.515 -0.025 3 0.515 8.28 — 76.1 5.000 3.665 4.700 4.700 3476 KSENG 4.700 UNCH 1 4.700 24.82 2.13 1,698.9 0.587 0.281 0.450 0.450 5192 KSSC 0.450 0.020 10 0.450 — 1.11 43.2 0.530 0.225 0.335 0.330 6874 KUB 0.330 -0.010 235.5 0.333 43.42 3.03 183.6 0.480 0.250 0.315 0.300 8362 KYM 0.310 0.010 10.2 0.300 13.08 — 46.5 3.780 1.800 3.780 3.750 3794 LAFMSIA 3.780 0.020 922.7 3.773 — — 3,211.8 0.615 0.440 0.515 0.510 9326 LBALUM 0.515 UNCH 107.1 0.515 14.03 1.94 128.0 5.185 2.920 3.010 2.980 5284 LCTITAN 2.990 -0.020 773.6 2.994 11.42 5.69 6,900.3 0.690 0.400 0.460 0.460 5232 LEONFB 0.460 0.005 10 0.460 5.46 3.26 142.6 0.255 0.100 0.170 0.160 8745 LEWEKO 0.170 -0.005 79.9 0.164 — — 54.7 0.160 0.085 — — 7170 LFECORP 0.125 — — — — — 25.6 0.775 0.400 0.410 0.410 8486 LIONFIB 0.410 -0.010 2 0.410 14.91 — 94.9 1.300 0.450 0.550 0.535 4235 LIONIND 0.540 -0.005 682 0.541 — — 387.7 0.445 0.250 0.300 0.300 9881 LSTEEL 0.300 UNCH 10 0.300 7.65 — 38.4 0.115 0.070 0.075 0.070 5068 LUSTER 0.075 UNCH 60 0.073 11.72 — 148.2 0.669 0.486 0.510 0.505 5143 LUXCHEM 0.505 -0.005 60.6 0.506 11.48 4.46 442.6 3.360 2.250 2.650 2.650 9199 LYSAGHT 2.650 -0.050 2 2.650 13.44 2.64 110.2 0.865 0.340 0.470 0.455 5098 MASTEEL 0.460 -0.005 703.3 0.460 27.54 — 196.5 1.100 0.536 1.040 1.030 7029 MASTER 1.030 UNCH 353.7 1.033 7.55 3.40 56.3 1.390 0.889 1.300 1.290 5152 MBL 1.300 UNCH 457.4 1.298 9.10 3.46 133.9 0.830 0.435 — — 7004 MCEHLDG 0.700 — — — — — 31.1 0.225 0.090 — — 3778 MELEWAR 0.130 — — — — — 46.7 0.700 0.435 — — 5223 MENTIGA 0.580 — — — 11.84 — 40.6 1.800 1.540 — — 6149 METROD 1.800 — — — 30.35 3.33 216.0 0.530 0.235 0.275 0.265 5001 MIECO 0.275 0.005 1114.1 0.272 — — 144.4 0.095 0.045 — — 7219 MINETEC 0.060 — — — — — 55.3 0.424 0.270 — — 5576 MINHO 0.275 — — — 7.33 — 93.6 0.998 0.871 0.935 0.920 5916 MSC 0.935 0.010 194.7 0.926 9.71 2.14 374.0 0.105 0.053 0.075 0.070 0043 MTRONIC 0.070 -0.005 14687.5 0.074 — — 67.4 2.220 1.500 1.770 1.750 3883 MUDA 1.750 -0.020 72.9 1.761 6.88 2.57 533.8 0.530 0.225 — — 5087 MYCRON 0.295 — — — — — 96.5 0.640 0.335 0.390 0.375 7241 NGGB 0.385 UNCH 272.6 0.382 132.76 — 184.7 0.155 0.060 0.120 0.110 5025 NWP 0.120 0.005 243.2 0.113 — — 51.3 0.709 0.555 0.640 0.635 4944 NYLEX 0.640 UNCH 111.1 0.636 57.14 3.13 124.4 0.895 0.539 0.645 0.635 7140 OKA 0.635 UNCH 263.6 0.636 14.21 6.50 155.8 1.440 0.880 1.030 1.000 5065 ORNA 1.000 UNCH 386 1.003 8.26 2.50 75.3 0.075 0.045 0.055 0.055 7225 PA 0.055 UNCH 807.5 0.055 — — 102.9 0.617 0.467 0.500 0.500 8419 PANSAR 0.500 UNCH 0.6 0.500 28.57 2.00 231.0 0.610 0.403 0.515 0.510 5125 PANTECH 0.510 -0.010 95.1 0.510 8.02 3.88 382.6 10.004 7.878 8.360 8.270 5183 PCHEM 8.330 -0.040 5641.8 8.327 14.10 3.84 66,640 1.130 0.651 1.090 1.060 5271 PECCA 1.070 0.010 271.4 1.071 12.08 5.14 201.2 5.292 3.935 4.550 4.530 5436 PERSTIM 4.530 -0.020 24.8 4.549 10.97 2.21 449.9 1.680 0.950 1.050 1.030 5219 PESTECH 1.050 UNCH 319.6 1.036 13.08 — 802.5 19.757 15.900 18.060 17.740 6033 PETGAS 17.800 -0.120 351.9 17.80 19.12 4.04 35,221.4 9.000 6.010 6.530 6.480 3042 PETRONM 6.530 0.040 61.1 6.500 8.40 3.06 1,763.1 1.340 1.000 1.000 1.000 3611 PGLOBE 1.000 -0.050 5 1.000 — — 186.7 0.160 0.090 0.135 0.130 7201 PICORP 0.130 -0.005 29.2 0.130 185.71 3.85 85.5 1.703 1.183 1.350 1.290 7095 PIE 1.290 -0.030 477.4 1.312 13.51 1.86 495.4 0.325 0.100 — — 7163 PJBUMI 0.300 — — — 32.26 — 24.6 4.268 3.050 3.150 3.070 7172 PMBTECH 3.070 UNCH 21 3.083 53.58 0.65 496.2 5.155 3.880 4.450 4.370 8869 PMETAL 4.410 -0.030 534.6 4.410 29.62 1.42 17,746.6 0.570 0.450 — — 6637 PNEPCB 0.510 — — — — — 67.1 0.505 0.260 0.410 0.410 8117 POLY 0.410 UNCH 18.4 0.410 11.02 — 65.6 0.645 0.390 0.550 0.550 8273 PPHB 0.550 -0.025 10 0.550 5.26 — 103.7 0.904 0.492 0.565 0.550 9873 PRESTAR 0.555 UNCH 12.1 0.553 241.30 2.70 113.7 0.100 0.035 0.070 0.065 7123 PWORTH 0.070 0.005 3131 0.065 — — 286.6 0.880 0.705 — — 7544 QUALITY 0.740 — — — — — 42.9 0.450 0.190 — — 7498 RALCO 0.235 — — — — — 10.9 0.520 0.205 0.210 0.205 5256 REACH 0.205 -0.005 4325.2 0.206 — — 224.8 0.340 0.241 0.300 0.300 7232 RESINTC 0.300 -0.005 27 0.300 36.59 8.33 41.2 0.245 0.155 0.165 0.165 9954 RGTBHD 0.165 UNCH 20 0.165 8.55 — 95.2 1.250 0.540 — — 9741 ROHAS 0.570 — — — 24.46 3.51 269.4 0.640 0.420 0.430 0.430 7803 RUBEREX 0.430 UNCH 4 0.430 14.10 4.07 108.4 4.049 3.580 3.800 3.800 5134 SAB 3.800 UNCH 4 3.800 25.00 1.32 520.3 8.480 6.710 8.100 7.970 9822 SAM 7.990 -0.090 15.1 8.013 13.76 2.18 1,080.0 1.038 0.570 0.590 0.580 5147 SAMCHEM 0.585 UNCH 212.1 0.585 8.58 4.27 159.1 0.869 0.680 0.770 0.770 7811 SAPIND 0.770 0.005 0.1 0.770 13.21 6.49 56.0 0.510 0.205 0.320 0.320 5170 SCABLE 0.320 UNCH 82.5 0.320 — — 101.5 1.882 0.845 0.960 0.905 7247 SCGM 0.930 -0.010 104.5 0.935 82.30 2.96 180.0 1.100 0.300 1.100 1.020 9237 SCIB 1.050 UNCH 861.4 1.069 — — 90.2 1.903 0.741 0.860 0.835 0099 SCICOM 0.845 0.005 470 0.846 15.36 8.88 300.4 9.377 6.350 8.540 8.450 4731 SCIENTX 8.520 -0.020 62.4 8.486 15.05 2.35 4,390.0 0.290 0.105 0.125 0.120 7239 SCNWOLF 0.120 0.010 1.8 0.125 — — 11.5 0.550 0.155 0.230 0.215 7073 SEACERA 0.225 0.010 6408.5 0.221 — — 106.8 0.260 0.090 0.135 0.135 5145 SEALINK 0.135 UNCH 80 0.135 — — 67.5 0.485 0.180 — — 5163 SEB 0.435 — — — — — 34.8 1.000 0.750 0.895 0.890 5181 SIGGAS 0.895 -0.005 74 0.894 46.61 0.56 167.8 0.690 0.410 — — 7115 SKBSHUT 0.570 — — — 17.81 — 22.8 1.542 0.945 1.330 1.300 7155 SKPRES 1.310 -0.020 339.6 1.306 16.77 3.87 1,637.7 1.415 0.783 1.280 1.260 7248 SLP 1.280 UNCH 75.5 1.267 16.00 3.71 405.7 0.535 0.370 — — 7132 SMISCOR 0.405 — — — 23.28 — 18.1 1.900 0.720 0.910 0.895 5665 SSTEEL 0.900 0.005 144.3 0.905 — 3.89 390.3 0.920 0.400 0.550 0.475 6904 SUBUR 0.550 0.075 6.1 0.538 — — 115.0 1.120 0.520 0.855 0.840 7207 SUCCESS 0.845 0.010 195.5 0.845 42.25 1.18 210.4 1.720 1.318 1.720 1.670 5211 SUNWAY 1.710 0.030 4863.1 1.695 12.72 3.19 8,423.6 1.554 0.930 1.050 1.010 7235 SUPERLN 1.040 UNCH 252 1.030 16.53 2.21 166.4 2.255 1.400 1.710 1.660 7106 SUPERMX 1.690 -0.010 4261.3 1.683 18.76 2.15 2,298.9 0.360 0.180 — — 5149 TAS 0.240 — — — 25.26 — 43.2 7.200 4.050 5.530 5.520 4448 TASEK 5.520 UNCH 21 5.525 — — 682.4 0.675 0.405 0.520 0.520 7097 TAWIN 0.520 UNCH 6 0.520 — — 41.4 1.020 0.660 0.690 0.680 5289 TECHBND 0.690 0.010 119 0.687 — — 158.7 0.880 0.580 — — 8702 TEXCHEM 0.610 — — — — 16.39 75.7 3.080 2.070 2.550 2.500 7034 TGUAN 2.520 -0.020 163.6 2.528 7.16 3.17 399.9 1.512 0.983 1.280 1.280 7374 TIENWAH 1.280 0.030 2.6 1.280 — 6.25 185.3 0.677 0.396 — — 7854 TIMWELL 0.600 — — — 8.47 3.33 53.4 0.840 0.430 0.510 0.500 7285 TOMYPAK 0.510 UNCH 56.1 0.505 — 0.59 214.1 4.066 2.690 2.740 2.690 5010 TONGHER 2.690 -0.060 185.7 2.708 8.50 7.43 423.5 6.297 4.300 5.080 5.030 7113 TOPGLOV 5.050 -0.020 5157.9 5.052 29.86 1.68 12,931.0 1.040 0.503 0.650 0.640 7173 TOYOINK 0.650 -0.005 20 0.650 20.00 1.54 69.6 0.814 0.543 0.650 0.645 5167 TURBO 0.650 0.020 10 0.645 10.09 3.08 70.2 3.070 2.360 2.900 2.830 7100 UCHITEC 2.880 0.030 1340.9 2.886 18.14 4.86 1,298.2 1.005 0.385 0.640 0.585 7133 ULICORP 0.590 -0.010 1216.4 0.615 159.46 — 128.5 2.638 1.910 — — 7137 UMS 2.060 — — — 18.25 2.91 83.8 1.068 0.786 — — 7227 UMSNGB 0.945 — — — 9.22 3.17 75.6 1.190 0.882 1.050 1.040 7091 UNIMECH 1.050 UNCH 27 1.044 7.75 3.62 166.7 0.750 0.300 0.345 0.330 4995 VERSATL 0.345 0.015 68.5 0.332 — — 49.0 1.773 0.610 1.050 1.020 6963 VS 1.020 -0.010 2890.5 1.032 12.77 3.63 1,856.6 1.400 0.595 0.685 0.670 5142 WASEONG 0.685 0.005 173.9 0.679 9.49 — 530.8 0.950 0.265 — — 7226 WATTA 0.635 — — — — — 53.6 1.323 1.086 1.230 1.230 7231 WELLCAL 1.230 0.010 260.2 1.230 17.35 4.47 612.5 0.655 0.460 — — 7692 WIDETEC 0.470 — — — 13.66 — 21.0 0.853 0.460 0.490 0.490 7050 WONG 0.490 UNCH 2 0.490 11.58 — 56.2 0.830 0.510 — — 7025 WOODLAN 0.775 — — — 16.52 — 31.0 1.860 1.020 — — 5009 WTHORSE 1.170 — — — — — 280.8 0.715 0.415 0.560 0.545 4243 WTK 0.555 -0.010 93.9 0.552 — 1.80 267.1 0.440 0.160 0.210 0.200 7245 WZSATU 0.210 -0.005 1064.5 0.204 — 7.14 97.7 0.750 0.545 0.630 0.630 5048 YILAI 0.630 UNCH 17.6 0.630 — — 91.7 0.270 0.090 0.100 0.100 7020 YKGI 0.100 UNCH 40 0.100 — — 35.1 0.445 0.200 0.235 0.205 7014 YLI 0.205 -0.035 10.2 0.234 — — 21.1CONSTRUCTION 0.550 0.241 0.390 0.380 5281 ADVCON 0.385 UNCH 182.7 0.385 15.34 2.60 155.1 0.575 0.274 0.435 0.430 7078 AZRB 0.430 -0.005 1169.4 0.433 29.25 2.07 257.1 0.320 0.155 0.185 0.180 5190 BENALEC 0.185 0.005 282 0.180 — 2.16 159.4 0.295 0.165 0.185 0.180 5932 BPURI 0.185 -0.005 735.3 0.183 — — 70.7 0.832 0.725 0.730 0.730 8761 BREM 0.730 0.005 60 0.730 55.73 2.74 252.2 1.210 0.790 1.080 1.050 8591 CRESBLD 1.080 0.020 447.1 1.067 2.53 4.17 191.1 1.840 1.600 — — 7528 DKLS 1.750 — — — 29.26 1.71 162.2 0.980 0.360 0.705 0.685 5253 ECONBHD 0.695 UNCH 10655.6 0.697 42.64 2.30 929.6 1.040 0.411 0.845 0.820 8877 EKOVEST 0.830 UNCH 34586.8 0.834 15.06 1.20 2,030.1 0.536 0.300 0.445 0.425 7047 FAJAR 0.435 UNCH 815.4 0.433 1450 3.45 162.6 0.960 0.475 0.900 0.875 9261 GADANG 0.885 -0.010 9308.6 0.886 8.14 3.39 644.2 3.935 1.948 3.470 3.420 5398 GAMUDA 3.460 0.040 3045.8 3.453 19.16 3.47 8,542.2 1.540 0.658 1.390 1.340 5226 GBGAQRS 1.380 0.040 1717.8 1.369 11.74 2.84 682.5 1.510 0.717 1.180 1.140 3204 GKENT 1.140 -0.030 1842.4 1.155 7.35 4.39 642.1 0.695 0.280 0.620 0.595 5169 HOHUP 0.595 -0.015 3795.6 0.607 7.72 — 223.1 1.587 1.271 1.360 1.360 6238 HSL 1.360 -0.010 1 1.360 13.84 1.76 792.4 2.370 1.373 2.300 2.240 3336 IJM 2.300 0.020 3743.9 2.283 19.93 1.74 8,362.4 0.360 0.090 0.220 0.210 5268 IKHMAS 0.210 UNCH 11630.6 0.217 — — 114.5 0.630 0.444 — — 8834 IREKA 0.580 — — — — 3.45 108.3 1.450 0.405 0.770 0.750 4723 JAKS 0.760 UNCH 2559.7 0.761 16.24 — 488.8 1.543 0.975 1.280 1.270 7161 KERJAYA 1.270 -0.010 8.2 1.279 11.17 2.76 1,577.3 1.580 1.000 1.380 1.360 5171 KIMLUN 1.370 -0.010 36.6 1.374 6.92 4.01 454.7 1.060 0.735 — — 9628 LEBTECH 0.850 — — — 1214 — 116.0 0.636 0.426 0.475 0.450 5129 MELATI 0.450 0.020 25.1 0.472 23.56 2.22 54.0 1.300 0.725 — — 8192 MERCURY 0.760 — — — 9.84 — 30.5 1.810 0.240 1.210 1.120 5006 MERGE 1.210 0.020 5.2 1.151 — — 81.1 1.100 0.665 — — 7595 MGB 0.700 — — — 13.83 — 348.0 0.595 0.225 0.355 0.350 9571 MITRA 0.350 -0.005 372.6 0.353 13.46 4.29 313.7 0.225 0.115 — — 5924 MTDACPI 0.140 — — — — — 32.4 0.610 0.260 0.295 0.290 5085 MUDAJYA 0.290 -0.010 47.4 0.294 — — 175.6 3.200 2.600 2.800 2.720 5703 MUHIBAH 2.800 0.020 461.7 2.756 9.51 2.68 1,354.7 0.440 0.220 0.320 0.300 7071 OCR 0.310 -0.005 2505.4 0.311 — — 100.1 0.900 0.730 — — 5622 PEB 0.875 — — — 0.44 — 60.5 0.365 0.170 0.250 0.245 8311 PESONA 0.245 0.005 1057.4 0.246 20.08 4.08 170.3 0.590 0.190 0.270 0.260 5070 PRTASCO 0.270 0.005 254.5 0.267 — 2.22 133.8 0.170 0.095 0.160 0.150 7145 PSIPTEK 0.150 -0.005 2838.1 0.155 30.61 — 52.3 2.603 1.986 2.550 2.550 9598 PTARAS 2.550 0.070 12 2.550 31.60 7.84 423.0 0.665 0.315 0.350 0.350 6807 PUNCAK 0.350 UNCH 16 0.350 — 1.43 157.2 1.090 0.390 0.440 0.430 5205 SENDAI 0.435 UNCH 1073.6 0.437 5.91 — 339.8 2.090 1.272 2.020 2.000 5263 SUNCON 2.000 UNCH 259.7 2.004 18.47 3.50 2,585.8 0.285 0.210 — — 9717 SYCAL 0.250 — — — 75.76 — 104.1 0.765 0.410 0.665 0.655 5054 TRC 0.655 -0.010 39.8 0.655 9.70 2.90 314.7 0.595 0.295 0.440 0.440 5042 TSRCAP 0.440 -0.010 5 0.440 — — 76.8 0.550 0.180 0.550 0.550 0301 UNIWALL 0.550 0.050 20 0.550 34.38 0.04 201.1 1.170 0.800 0.985 0.980 7070 VIZIONE 0.980 UNCH 472 0.982 7.73 — 551.0 0.890 0.465 0.610 0.585 3565 WCEHB 0.605 0.025 940.4 0.601 31.84 — 606.7 1.160 0.660 1.060 1.010 9679 WCT 1.020 -0.020 2679 1.030 12.93 2.94 1,445.6 0.450 0.150 0.295 0.285 7028 ZECON 0.285 -0.005 277.9 0.289 1.53 — 37.3 0.125 0.025 0.085 0.075 2283 ZELAN 0.075 -0.010 981.4 0.079 — — 63.4HEALTH CARE 0.595 0.350 0.350 0.350 7191 ADVENTA 0.350 -0.005 10 0.350 — — 53.5 9.748 6.033 8.500 8.450 7090 AHEALTH 8.470 0.010 50.8 8.493 17.49 1.59 997.6

1.463 0.925 1.380 1.370 7148 DPHARMA 1.370 -0.010 443.4 1.370 17.56 2.97 906.8 7.311 4.503 5.300 5.190 5168 HARTA 5.200 -0.060 2587.2 5.204 37.85 1.63 17,400.1 6.159 4.540 5.680 5.600 5225 IHH 5.680 0.080 8023.1 5.625 83.78 0.53 49,824.1 4.647 3.543 4.070 4.020 7153 KOSSAN 4.050 -0.020 1824.6 4.040 24.12 1.48 5,179.7 1.837 1.566 1.800 1.780 0002 KOTRA 1.800 0.020 131.5 1.795 11.52 3.33 259.1 1.164 0.920 0.965 0.955 5878 KPJ 0.960 -0.010 582.8 0.961 23.13 2.08 4,259.8 3.489 1.955 2.540 2.470 7081 PHARMA 2.500 UNCH 522.3 2.513 14.62 6.80 653.1 0.135 0.080 0.090 0.080 0302 SMILE 0.085 UNCH 175 0.085 34.00 1.41 80.7 2.255 1.400 1.710 1.660 7106 SUPERMX 1.690 -0.010 4261.3 1.683 18.76 2.15 2,298.9 0.825 0.695 0.745 0.735 0101 TMCLIFE 0.735 -0.010 554.1 0.739 42.49 0.24 1,277.2 6.297 4.300 5.080 5.030 7113 TOPGLOV 5.050 -0.020 5157.9 5.052 29.86 1.68 12,931.0 0.500 0.230 — — 0301 TOPVISN 0.500 — — — 42.74 — 127.8 3.390 2.290 2.610 2.550 7178 YSPSAH 2.610 0.080 99.8 2.592 12.66 2.68 363.0FINANCIAL SERVICES 4.350 3.570 3.840 3.770 2488 ABMB 3.780 -0.050 2228.8 3.787 10.89 4.42 5,851.8 17.360 13.216 16.620 16.560 5139 AEONCR 16.600 -0.020 116.5 16.59 82.59 2.69 4,164.6 2.554 2.050 2.130 2.100 5185 AFFIN 2.120 0.020 90.2 2.112 8.30 2.36 4,210.4 14.760 11.361 13.840 13.760 1163 ALLIANZ 13.820 -0.020 24.9 13.78 7.92 2.89 2,442.9 4.640 3.471 4.460 4.400 1015 AMBANK 4.450 -0.010 2326.2 4.441 8.89 3.37 13,413.1 1.240 0.900 — — 5088 APEX 1.000 — — — 24.75 — 213.6 4.750 3.252 4.590 4.520 5258 BIMB 4.590 UNCH 800.2 4.549 11.00 3.38 8,098.1 7.720 5.920 6.500 6.460 1818 BURSA 6.490 -0.010 1202.7 6.486 25.35 3.94 5,240.5 6.048 4.986 5.330 5.270 1023 CIMB 5.300 -0.020 2690.7 5.291 9.13 4.72 51,555.3 0.375 0.235 0.245 0.245 2143 ECM 0.245 -0.005 6.4 0.245 84.48 — 117.6 1.480 1.114 1.400 1.390 5228 ELKDESA 1.400 UNCH 29.1 1.398 12.48 5.00 415.0 21.497 17.158 18.940 18.820 5819 HLBANK 18.920 -0.060 898.8 18.90 14.58 2.54 41,013.2 10.100 7.327 — — 5274 HLCAP 9.600 — — — 32.18 1.98 2,370.2 20.140 17.251 18.880 18.680 1082 HLFG 18.820 -0.060 551.3 18.81 11.30 2.23 21,596.3 0.900 0.645 0.745 0.725 3379 INSAS 0.730 -0.020 179.6 0.733 6.83 2.74 506.1 0.165 0.070 0.085 0.080 3441 JOHAN 0.085 UNCH 51 0.081 — — 53.0 0.759 0.486 0.575 0.570 6483 KENANGA 0.570 UNCH 7.7 0.570 98.28 1.93 412.0 2.106 1.540 1.640 1.630 2186 KUCHAI 1.630 -0.010 76 1.631 12.52 0.61 201.7 16.713 14.900 15.320 15.300 8621 LPI 15.300 UNCH 4.4 15.30 19.13 4.44 6,095.3 1.070 0.400 0.855 0.825 1198 MAA 0.850 UNCH 153 0.847 — 7.06 232.5 2.870 2.300 2.600 2.600 1058 MANULFE 2.600 0.040 2 2.600 19.83 2.69 526.2 9.541 8.167 9.000 8.950 1155 MAYBANK 9.000 0.010 4193.1 8.978 12.28 6.33 101,172.3 1.170 0.890 0.980 0.960 1171 MBSB 0.970 0.015 4171.5 0.969 14.85 5.15 6,197.4 1.882 0.845 1.070 1.060 6459 MNRB 1.070 UNCH 195.6 1.062 5.19 — 820.7 1.370 0.985 1.020 1.010 5237 MPHBCAP 1.020 UNCH 145.9 1.012 26.42 — 729.3 1.005 0.951 1.000 0.985 6009 P&O 0.995 0.005 85 0.990 — 6.28 285.5 25.762 21.721 23.520 23.400 1295 PBBANK 23.480 UNCH 3822.2 23.48 16.28 2.94 91,152.6 1.720 1.346 1.650 1.630 9296 RCECAP 1.640 0.010 281.4 1.639 5.85 4.88 595.2 5.970 4.866 5.780 5.690 1066 RHBBANK 5.710 -0.080 5004.7 5.742 9.78 3.59 22,897.4 0.695 0.575 0.690 0.675 4898 TA 0.675 -0.010 501 0.680 10.37 6.07 1,155.5 7.050 3.348 6.930 6.500 6139 TAKAFUL 6.850 -0.050 1139.8 6.850 17.57 2.19 5,663.5 0.956 0.502 0.690 0.685 5230 TUNEPRO 0.685 -0.005 407.9 0.686 10.04 4.38 515.0PROPERTY 0.340 0.230 — — 7131 ACME 0.250 — — — 17.36 — 59.7 0.714 0.490 0.535 0.535 1007 AMPROP 0.535 UNCH 6.2 0.535 12.95 7.48 326.5 0.349 0.220 0.265 0.260 1007PA AMPROP-PA 0.265 0.005 16.6 0.260 — 7.55 76.0 1.280 0.870 1.130 1.080 5959 AMVERTON 1.080 -0.050 9 1.124 5.41 — 394.3 0.650 0.270 — — 7007 ARK 0.280 — — — — — 13.6 0.170 0.110 0.135 0.125 4057 ASIAPAC 0.135 0.005 825.8 0.130 3.81 — 140.0 5.539 4.155 — — 2305 AYER 4.510 — — — 16.23 1.11 337.6 0.440 0.220 — — 6602 BCB 0.240 — — — 3.12 — 99.0 0.585 0.285 0.375 0.375 6173 BDB 0.375 -0.005 110 0.375 — — 113.9 0.310 0.110 — — 9814 BERTAM 0.190 — — — — — 39.3 0.450 0.245 0.310 0.300 3239 BJASSET 0.305 -0.010 195 0.305 — — 780.2 1.580 1.090 1.580 1.510 5738 CHHB 1.520 0.020 158.1 1.540 4.80 — 419.1 1.440 1.190 1.240 1.220 6718 CRESNDO 1.240 0.010 10 1.234 10.09 4.84 347.8 1.590 1.108 — — 5049 CVIEW 1.420 — — — 1.90 3.52 142.0 0.565 0.220 0.480 0.460 3484 DBHD 0.465 UNCH 1040.9 0.468 7.71 — 148.0 0.095 0.050 0.085 0.075 7198 DPS 0.085 UNCH 27.9 0.081 — — 50.0 1.636 0.785 0.840 0.820 3417 E&O 0.820 -0.015 134.7 0.831 17.60 — 1,194.7 0.325 0.285 0.300 0.295 3557 ECOFIRS 0.300 UNCH 108 0.299 9.55 — 240.9 1.330 0.820 0.865 0.850 8206 ECOWLD 0.855 -0.015 424.8 0.855 14.64 — 2,517.4 0.680 0.270 0.300 0.300 6076 ENCORP 0.300 UNCH 50 0.300 — — 91.9 2.396 0.882 1.430 1.430 8613 ENRA 1.430 UNCH 158 1.430 — 2.10 194.8 0.860 0.550 — — 6815 EUPE 0.660 — — — 2.79 — 84.5 0.885 0.495 0.690 0.670 7249 EWEIN 0.675 -0.005 957.9 0.677 5.00 0.74 203.6 1.150 0.625 0.640 0.630 5283 EWINT 0.640 UNCH 287 0.637 20.65 — 1,536.0 0.445 0.335 0.350 0.340 6041 FARLIM 0.350 UNCH 190 0.342 — — 58.9 0.457 0.345 0.355 0.345 5020 GLOMAC 0.350 -0.005 645.8 0.349 10.26 4.29 280.0 0.390 0.240 0.300 0.290 9962 GMUTUAL 0.290 -0.030 3.1 0.300 16.96 1.72 108.9 0.275 0.160 0.165 0.160 1147 GOB 0.165 0.005 94 0.161 — — 75.0 0.255 0.135 0.190 0.185 7077 GSB 0.190 UNCH 40.1 0.185 — — 105.0 0.907 0.680 0.715 0.700 1503 GUOCO 0.710 -0.005 92.5 0.706 — 2.82 497.3 1.320 1.200 1.260 1.250 7105 HCK 1.250 -0.020 25 1.254 76.69 — 526.9 0.725 0.500 0.550 0.550 7010 HOOVER 0.550 -0.020 13.2 0.550 — — 22.0 0.500 0.300 0.430 0.365 5062 HUAYANG 0.420 0.055 2089.6 0.406 — — 147.8 0.534 0.360 0.420 0.385 4251 IBHD 0.390 UNCH 25.1 0.390 10.18 — 395.6 0.734 0.147 0.670 0.665 5084 IBRACO 0.665 -0.005 4.8 0.669 10.62 3.38 330.1 1.860 0.850 1.090 1.060 9687 IDEAL 1.090 UNCH 1.1 1.063 2.85 — 329.1 3.047 2.200 — — 5606 IGBB 2.800 — — — 7.51 0.71 1,930.8 1.861 1.160 1.410 1.330 5249 IOIPG 1.340 -0.040 5522.5 1.370 9.38 3.73 7,378.2 0.290 0.175 0.205 0.195 5175 IVORY 0.205 UNCH 355.4 0.199 — 12.20 100.5 1.320 0.365 0.990 0.950 1589 IWCITY 0.970 0.025 30232.2 0.970 — — 812.3 0.380 0.250 0.310 0.310 8923 JIANKUN 0.310 UNCH 20 0.310 25.41 — 51.7 0.090 0.070 0.080 0.080 6769 JKGLAND 0.080 UNCH 21.9 0.080 88.89 1.25 182.0 0.125 0.075 0.090 0.090 3115 KBUNAI 0.090 UNCH 947.6 0.090 56.25 — 519.9 0.940 0.550 0.580 0.570 7323 KEN 0.580 0.020 13.4 0.575 4.57 2.59 111.2 0.960 0.675 0.810 0.795 5038 KSL 0.795 -0.025 35.2 0.802 3.71 — 824.8 0.189 0.130 0.155 0.150 3174 L&G 0.155 UNCH 716.5 0.155 11.83 9.68 460.8 1.030 0.630 1.000 0.990 8494 LBICAP 0.990 -0.010 60.7 0.996 21.62 3.03 81.3 0.930 0.505 0.540 0.520 5789 LBS 0.540 0.015 1741.9 0.533 10.40 3.33 842.1 0.385 0.220 0.265 0.255 3573 LIENHOE 0.255 -0.015 21.4 0.256 — — 92.2 1.150 0.800 0.900 0.900 7617 MAGNA 0.900 0.005 34.5 0.900 — — 301.4 1.242 0.890 0.915 0.905 8583 MAHSING 0.915 0.010 405.8 0.909 12.28 4.92 2,221.3 0.695 0.390 0.585 0.570 6181 MALTON 0.575 UNCH 2261.5 0.579 34.43 3.48 303.7 2.045 1.784 2.000 1.970 5236 MATRIX 1.990 0.020 319.7 1.989 6.88 6.28 1,565.8 1.874 1.443 — — 7189 MBWORLD 1.620 — — — 4.58 6.17 255.0 0.850 0.335 0.345 0.335 5182 MCT 0.335 -0.010 60.5 0.338 2.37 — 488.1 0.545 0.315 0.345 0.330 1694 MENANG 0.345 UNCH 23.8 0.335 13.91 — 165.9 0.500 0.225 0.245 0.245 5040 MERIDIAN 0.245 UNCH 76.1 0.245 — — 120.7 0.370 0.190 — — 8141 MJPERAK 0.220 — — — 28.95 — 56.6 1.429 1.110 1.250 1.240 6114 MKH 1.240 -0.010 77.4 1.250 9.47 2.82 727.3 0.280 0.170 — — 8893 MKLAND 0.180 — — — 13.33 — 217.3 0.105 0.020 — — 6548 MPCORP 0.045 — — — — — 12.9 1.150 0.558 0.990 0.970 1651 MRCB 0.985 0.015 5736.2 0.979 74.62 1.78 4,333.9 0.535 0.380 0.510 0.490 9539 MUH 0.510 0.050 10 0.506 — — 28.8 0.290 0.170 0.245 0.200 3913 MUIPROP 0.245 0.040 3968.8 0.224 22.69 — 187.2 1.440 0.430 0.845 0.805 5073 NAIM 0.825 0.010 8795.7 0.831 2.39 — 423.9 2.280 1.883 — — 5827 OIB 2.010 — — — 5.45 3.48 311.3 0.997 0.809 0.915 0.910 5053 OSK 0.910 UNCH 529.9 0.914 5.21 5.49 1,906.7 2.260 1.815 2.110 2.060 1724 PARAMON 2.060 -0.040 586.8 2.085 9.70 4.13 892.7 0.565 0.325 0.360 0.330 6912 PASDEC 0.350 0.005 255 0.338 — — 140.1 0.015 0.005 0.015 0.010 4464 PHB 0.010 UNCH 4066.2 0.010 — — 72.0 1.690 1.020 1.180 1.180 7055 PLB 1.180 0.080 1 1.180 — — 132.6 1.595 1.353 1.450 1.430 5075 PLENITU 1.430 UNCH 14 1.439 14.16 3.15 545.6 6.150 5.210 5.840 5.690 7765 RAPID 5.750 -0.110 2546.3 5.718 252.19 — 614.7 0.890 0.585 0.655 0.655 4596 SAPRES 0.655 -0.035 2 0.655 — — 91.4 0.630 0.400 0.475 0.475 5207 SBCCORP 0.475 UNCH 5 0.475 8.81 — 122.6 0.814 0.600 0.680 0.660 2224 SDRED 0.665 -0.010 45.2 0.673 11.61 3.76 283.4 0.415 0.285 0.320 0.310 4286 SEAL 0.310 UNCH 4 0.318 3.04 — 75.3 2.524 2.108 — — 6017 SHL 2.300 — — — 8.81 10.43 556.9 1.420 0.897 1.100 1.060 5288 SIMEPROP 1.060 -0.020 2952.1 1.069 — 1.89 7,208.9 0.225 0.135 0.140 0.140 4375 SMI 0.140 UNCH 25 0.140 — — 29.4 0.610 0.290 0.300 0.300 5213 SNTORIA 0.300 -0.005 5 0.300 12.71 — 170.2 3.175 1.870 2.150 2.120 8664 SPSETIA 2.140 0.010 528.4 2.137 13.95 4.00 8,629.5 1.000 0.580 0.700 0.690 3743 SUNSURIA 0.690 -0.010 34 0.697 3.61 — 614.0 0.589 0.320 0.415 0.415 1538 SYMLIFE 0.415 UNCH 74 0.415 2.46 — 245.0 0.300 0.185 0.300 0.280 4022 TADMAX 0.290 0.005 5511.4 0.293 51.79 — 227.3 0.330 0.240 0.270 0.265 5158 TAGB 0.270 UNCH 945.1 0.267 28.72 5.93 1,436.9 0.055 0.025 0.045 0.040 2259 TALAMT 0.040 UNCH 460 0.040 — — 171.8 1.023 0.692 0.760 0.750 5191 TAMBUN 0.760 0.010 37 0.759 6.08 8.82 329.4 0.112 0.040 0.045 0.045 2429 TANCO 0.045 UNCH 50 0.045 — — 32.9 0.355 0.175 0.225 0.225 7889 THRIVEN 0.225 -0.005 192.4 0.225 3.73 — 123.1 0.120 0.030 0.060 0.050 7079 TIGER 0.060 0.005 8353.3 0.055 — — 76.2 0.430 0.285 0.295 0.295 5239 TITIJYA 0.295 UNCH 111 0.295 8.45 0.85 396.6 0.898 0.778 0.865 0.825 5401 TROP 0.865 0.015 804.8 0.847 7.39 3.21 1,271.9 1.020 0.620 0.870 0.860 5148 UEMS 0.860 -0.010 463.6 0.864 14.08 — 3,902.2 2.490 1.840 2.350 2.330 5200 UOADEV 2.340 UNCH 622.4 2.340 10.39 6.41 4,317.0 0.190 0.095 0.100 0.095 6378 WMG 0.100 0.005 13.8 0.099 — — 42.6 0.955 0.910 — — 7003 Y&G 0.910 — — — 21.98 — 181.4 2.100 1.040 2.050 1.980 3158 YNHPROP 2.000 0.010 1026.7 2.004 60.06 0.35 1,058.0 1.520 0.300 0.345 0.335 7066 YONGTAI 0.335 -0.010 953.5 0.340 — — 179.0 0.480 0.350 0.375 0.365 2577 YTLLAND 0.370 UNCH 32 0.365 — — 312.4TRANSPORTATION & LOGISTICS 9.805 6.520 7.960 7.880 5014 AIRPORT 7.920 0.010 855 7.916 36.45 1.77 13,140.8 1.753 1.130 1.210 1.130 8133 BHIC 1.150 -0.110 12.7 1.160 — 3.04 285.7 5.710 4.345 4.930 4.900 5032 BIPORT 4.900 -0.160 27 4.911 14.99 2.86 2,254.0 0.460 0.310 0.345 0.340 7187 CHGP 0.345 0.005 550 0.340 30.00 — 102.5 0.779 0.360 0.400 0.390 7117 CJCEN 0.400 0.010 613.3 0.390 29.41 1.88 157.7 0.930 0.535 0.780 0.760 5136 COMPLET 0.760 -0.030 13 0.775 8.84 — 95.3 0.605 0.310 0.455 0.430 5259 EATECH 0.440 -0.005 380.9 0.444 3.35 — 221.8 0.767 0.505 0.620 0.615 7210 FREIGHT 0.620 -0.010 140 0.617 10.37 5.37 173.1 0.510 0.255 0.285 0.275 0078 GDEX 0.275 -0.005 3011.1 0.278 51.89 0.73 1,551.4 0.450 0.265 0.295 0.270 7676 GUNUNG 0.295 0.015 38 0.278 — — 69.7 0.760 0.630 0.695 0.675 2062 HARBOUR 0.695 0.015 22.8 0.684 8.29 1.44 278.3 0.090 0.030 0.045 0.040 7013 HUBLINE 0.045 UNCH 16427.2 0.042 34.62 — 171.9 0.700 0.360 0.400 0.380 5614 ILB 0.400 UNCH 62.6 0.398 — — 78.0 5.586 3.595 4.280 4.210 6645 LITRAK 4.250 0.030 18.8 4.232 9.50 5.88 2,244.2 0.135 0.055 0.080 0.080 5078 M&G 0.080 UNCH 20 0.080 — — 57.9 0.715 0.410 0.525 0.515 5077 MAYBULK 0.515 -0.010 681 0.518 1.93 — 515.0 7.380 5.295 7.380 7.010 3816 MISC 7.200 0.040 2353.3 7.174 21.30 4.17 32,139.3 1.512 0.780 1.070 1.040 2194 MMCCORP 1.070 0.040 5329.5 1.061 13.84 3.74 3,258.2 0.385 0.200 0.245 0.245 9806 NATWIDE 0.245 0.025 10 0.245 — — 30.2 0.065 0.025 — — 6254 PDZ 0.030 — — — — — 20.5 4.371 1.220 1.480 1.400 4634 POS 1.430 UNCH 3781.5 1.438 — 5.59 1,119.4 0.745 0.295 — — 8346 PRKCORP 0.415 — — — — — 41.5 0.260 0.090 0.135 0.135 5145 SEALINK 0.135 UNCH 80 0.135 — — 67.5 1.263 0.880 — — 7053 SEEHUP 0.880 — — — — 3.58 70.8 1.535 1.203 1.320 1.310 6521 SURIA 1.320 -0.010 98.8 1.318 9.11 4.11 456.5 0.405 0.240 0.295 0.290 5173 SYSCORP 0.295 -0.005 72.1 0.293 — — 354.0

MarketsB U R S A M A L A Y S I A M A I N M A R K E T

* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share

2 7

THURSDAY JUNE 13, 2019 • THEED G E FINANCIAL DAILY

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)

0.360 0.180 — — 5149 TAS 0.240 — — — 25.26 — 43.2 1.809 0.968 1.340 1.300 5140 TASCO 1.300 UNCH 72 1.315 19.88 3.85 260.0 1.160 0.430 0.465 0.445 8397 TNLOGIS 0.450 -0.015 1242.1 0.453 — — 207.3 1.150 0.430 — — 7218 TOCEAN 0.505 — — — 388.4 — 20.7 4.000 3.169 3.860 3.810 5246 WPRTS 3.850 UNCH 1811.7 3.847 23.90 3.05 13,128.5 0.930 0.620 0.745 0.695 5267 XINHWA 0.710 -0.040 174.3 0.706 29.22 1.41 153.4PLANTATION 0.210 0.140 0.150 0.145 7054 AASIA 0.145 UNCH 19.5 0.146 — — 95.7 17.718 15.827 16.720 16.700 1899 BKAWAN 16.720 0.020 7 16.714 16.95 3.29 7,289.1 8.000 6.550 6.580 6.580 5069 BLDPLNT 6.580 0.030 0.5 6.580 — 0.46 615.2 1.222 0.646 0.735 0.730 5254 BPLANT 0.735 -0.005 60.9 0.734 — 7.48 1,646.4 0.736 0.517 0.570 0.550 8982 CEPAT 0.550 -0.010 19.1 0.559 323.5 2.73 175.1 7.833 6.550 6.800 6.800 1929 CHINTEK 6.800 0.220 0.3 6.800 11.57 2.65 621.3 0.521 0.394 0.445 0.440 3948 DUTALND 0.445 0.005 58.4 0.442 92.71 — 376.5 3.459 2.520 — — 5029 FAREAST 2.530 — — — 117.6 1.19 1,502.4 1.750 0.630 1.180 1.150 5222 FGV 1.160 -0.020 2537.3 1.165 — 4.53 4,231.9 10.780 9.002 10.200 10.020 2291 GENP 10.180 0.060 155.7 10.177 77.65 1.28 8,273.2 0.530 0.335 — — 7382 GLBHD 0.410 — — — — 2.44 91.4 1.100 0.550 0.700 0.700 2135 GOPENG 0.700 UNCH 12.5 0.700 2333 3.57 188.3 0.800 0.340 — — 7501 HARNLEN 0.650 — — — — — 120.6 2.365 1.470 — — 5138 HSPLANT 1.640 — — — 72.57 1.52 1,312.0 2.610 1.300 — — 2216 IJMPLNT 1.490 — — — — 1.34 1,312.1 0.694 0.580 0.600 0.600 2607 INCKEN 0.600 -0.030 15 0.600 — 1.78 252.5 0.815 0.605 0.700 0.695 6262 INNO 0.700 0.020 3.3 0.696 36.08 1.43 335.2 4.698 4.064 4.310 4.250 1961 IOICORP 4.300 -0.010 786.6 4.284 44.89 1.86 27,024.0 0.802 0.430 0.505 0.500 4383 JTIASA 0.500 UNCH 246.2 0.502 — 1.00 486.9 25.780 22.832 24.640 24.580 2445 KLK 24.600 -0.040 243.7 24.60 41.12 1.83 26,260.6 4.104 3.100 — — 2453 KLUANG 3.160 — — — — 0.31 199.6 1.338 1.130 1.150 1.140 5027 KMLOONG 1.150 0.010 33.4 1.150 20.57 5.22 1,075.7 0.710 0.365 0.400 0.400 1996 KRETAM 0.400 -0.005 57.4 0.400 — — 931.1 1.380 0.730 — — 6572 KWANTAS 0.735 — — — — — 229.1 0.950 0.760 — — 4936 MALPAC 0.860 — — — — 11.63 64.5 0.761 0.546 0.600 0.600 5026 MHC 0.600 0.005 7.1 0.600 45.45 2.50 117.9 2.000 1.680 — — 5047 NPC 1.900 — — — — — 228.0 3.665 3.110 — — 2038 NSOP 3.320 — — — — 1.81 233.1 0.690 0.140 0.345 0.325 1902 PINEPAC 0.330 0.015 507.9 0.331 — — 49.4 1.310 0.650 0.945 0.930 9695 PLS 0.930 -0.020 227.6 0.938 — — 326.2 0.310 0.140 0.190 0.190 5113 RSAWIT 0.190 UNCH 246.7 0.190 — — 269.5 3.928 2.732 — — 2542 RVIEW 2.950 — — — 70.24 1.36 191.3 3.178 2.740 — — 2569 SBAGAN 2.800 — — — — 0.71 185.7 0.500 0.240 — — 4316 SHCHAN 0.290 — — — — — 38.2 5.343 3.934 4.570 4.520 5285 SIMEPLT 4.550 -0.020 15645 4.550 58.18 2.26 31,324.8 3.209 1.960 — — 5126 SOP 2.340 — — — 29.81 2.14 1,335.8 1.900 1.420 1.750 1.750 5135 SWKPLNT 1.750 UNCH 1 1.750 27.82 2.86 490.0 2.760 1.882 2.400 2.340 5012 TAANN 2.400 UNCH 19.3 2.390 13.38 4.17 1,067.6 0.300 0.145 0.195 0.190 2054 TDM 0.190 UNCH 241.7 0.190 — — 319.7 0.745 0.455 0.545 0.540 5112 THPLANT 0.545 UNCH 14.8 0.545 — — 481.7 1.236 0.870 — — 9059 TSH 0.925 — — — 35.31 1.08 1,278.2 6.505 5.101 5.200 5.200 2593 UMCCA 5.200 -0.090 1.4 5.200 — 1.54 1,090.4 27.000 24.006 26.500 26.060 2089 UTDPLT 26.060 -0.500 1.9 26.16 15.98 1.53 5,424.0TELECOMMUNICATIONS & MEDIA 0.180 0.075 — — 0159 AMEDIA 0.135 — — — — — 32.3 0.700 0.610 — — 7031 AMTEL 0.615 — — — 19.97 — 33.3 1.864 1.013 1.430 1.400 6399 ASTRO 1.410 0.010 1655.2 1.416 15.90 6.38 7,352.2 4.780 3.161 4.710 4.650 6888 AXIATA 4.710 0.010 2832.7 4.695 — 2.02 42,995.9 0.375 0.120 — — 6025 BJMEDIA 0.120 — — — — — 28.2 4.988 3.764 4.890 4.810 6947 DIGI 4.890 -0.010 1462.2 4.864 25.42 3.89 38,019.8 0.405 0.180 0.205 0.205 0059 ECOHLDS 0.205 UNCH 22 0.205 — — 33.4 0.450 0.300 0.350 0.340 0082 GPACKET 0.350 -0.005 393 0.349 — — 318.1 5.730 5.010 5.580 5.470 6012 MAXIS 5.540 -0.050 1061 5.521 26.01 3.61 43,304.2 0.600 0.325 0.410 0.370 4502 MEDIA 0.380 0.015 4129.8 0.394 10.53 — 421.5 0.309 0.180 0.200 0.195 5090 MEDIAC 0.195 -0.005 181.5 0.196 — 6.00 329.0 0.745 0.400 0.495 0.470 0172 OCK 0.480 0.015 10492 0.484 17.14 — 418.3 0.464 0.326 — — 7190 PPG 0.350 — — — 39.33 1.43 35.0 0.390 0.165 0.180 0.175 5252 SASBADI 0.175 -0.005 478.5 0.180 102.94 — 73.3 0.860 0.510 — — 9431 SJC 0.570 — — — — — 23.1 1.232 0.597 0.655 0.640 6084 STAR 0.655 0.015 138.9 0.649 — 4.58 483.8 9.090 7.329 8.890 8.790 5031 TIMECOM 8.840 0.030 197.3 8.833 17.84 1.05 5,159.9 3.975 2.097 3.750 3.580 4863 TM 3.740 0.130 18932 3.700 46.40 0.53 14,054.7 0.325 0.050 — — 5754 UTUSAN 0.100 — — — — — 11.1TECHNOLOGY 0.700 0.610 — — 7031 AMTEL 0.615 — — — 19.97 — 33.3 0.210 0.120 0.135 0.135 5195 CENSOF 0.135 UNCH 24 0.135 103.85 — 67.7 0.345 0.160 0.190 0.180 0051 CUSCAPI 0.185 UNCH 997.7 0.183 — — 159.0 0.985 0.580 0.605 0.580 7204 D&O 0.585 -0.015 2374.3 0.590 18.93 1.71 648.1 0.285 0.175 0.185 0.180 8338 DATAPRP 0.185 -0.005 32.1 0.183 — — 78.0 0.095 0.040 — — 0029 DIGISTA 0.045 — — — — — 29.6 0.455 0.195 0.260 0.255 4456 DNEX 0.260 0.005 1835.6 0.257 14.69 1.92 457.1 0.928 0.282 0.520 0.490 5216 DSONIC 0.510 0.020 7352.3 0.512 18.82 5.88 688.5 0.840 0.335 0.440 0.430 5036 EDARAN 0.435 -0.005 44.9 0.437 3.60 — 26.1 0.819 0.358 0.405 0.400 0065 EFORCE 0.400 -0.010 942.8 0.404 24.84 3.75 166.3 1.447 0.765 0.840 0.805 0090 ELSOFT 0.820 0.015 2698.8 0.824 14.88 5.79 546.9 1.520 0.411 1.400 1.350 0128 FRONTKN 1.380 0.020 8408.2 1.382 23.59 1.09 1,453.7 0.240 0.080 — — 9377 FSBM 0.095 — — — — — 13.4 1.860 1.390 1.530 1.460 0021 GHLSYS 1.500 UNCH 202.5 1.492 44.12 — 1,123.8 0.450 0.300 0.350 0.340 0082 GPACKET 0.350 -0.005 393 0.349 — — 318.1 0.255 0.180 0.235 0.230 0056 GRANFLO 0.235 -0.005 299.2 0.233 11.08 2.13 113.5 2.813 1.368 1.700 1.650 7022 GTRONIC 1.660 UNCH 1013.3 1.671 19.10 1.66 1,110.7 1.160 0.340 0.930 0.880 5028 HTPADU 0.880 -0.045 744.2 0.903 — — 89.1 2.474 1.205 1.610 1.580 0166 INARI 1.590 UNCH 3279.8 1.593 23.95 3.58 5,051.3 0.370 0.250 0.305 0.290 0192 INTA 0.295 UNCH 2475.6 0.296 6.83 2.54 157.9 0.145 0.070 — — 9393 ITRONIC 0.105 — — — — — 11.9 0.345 0.155 0.175 0.170 5161 JCY 0.170 UNCH 1291.4 0.170 — 2.94 353.1 18.130 6.800 7.010 6.870 9334 KESM 6.960 0.060 78.6 6.938 19.60 2.66 299.4 0.245 0.095 0.105 0.100 0143 KEYASIC 0.100 UNCH 458.5 0.101 33.33 — 95.1 3.341 1.358 1.760 1.680 5286 MI 1.740 0.060 2186 1.734 17.33 3.45 870.0 1.347 0.653 0.685 0.670 0113 MMSV 0.680 -0.015 60.8 0.681 20.36 2.65 138.6 12.837 8.436 8.880 8.750 3867 MPI 8.880 0.150 36.5 8.833 12.29 3.04 1,863.8 1.930 0.950 1.320 1.260 5011 MSNIAGA 1.320 0.030 11.6 1.298 — — 79.7 1.794 0.779 1.510 1.470 0138 MYEG 1.500 -0.010 11948.7 1.488 65.22 1.27 5,409.5 0.275 0.190 0.220 0.215 0041 MYSCM 0.215 0.005 170 0.215 — — 57.1 0.778 0.460 0.565 0.560 0083 NOTION 0.565 -0.005 90.5 0.561 3.58 1.77 188.2 0.450 0.335 0.400 0.380 9008 OMESTI 0.400 0.010 101 0.395 — — 191.3 4.480 2.190 4.280 4.140 7160 PENTA 4.250 0.140 1246.7 4.231 19.37 — 1,345.5 1.340 0.255 0.450 0.420 5204 PRESBHD 0.435 0.005 13311.8 0.437 — 3.91 210.5 0.450 0.240 0.425 0.420 9075 THETA 0.425 0.005 47.1 0.421 — — 45.6 0.030 0.010 0.015 0.010 0118 TRIVE 0.015 UNCH 466 0.014 — — 35.2 0.200 0.105 — — 4359 TURIYA 0.120 — — — — — 27.4 3.264 2.209 2.520 2.510 5005 UNISEM 2.520 0.010 7.6 2.519 19.16 2.98 1,849.3 8.492 5.382 7.100 7.030 0097 VITROX 7.100 0.030 13.5 7.086 30.68 0.81 3,342.3 1.027 0.884 0.965 0.960 5162 VSTECS 0.960 -0.005 6 0.962 7.01 5.21 172.8 0.601 0.406 0.445 0.445 0008 WILLOW 0.445 -0.005 32 0.445 16.06 2.25 220.7UTILITIES 0.363 0.090 0.135 0.130 7471 EDEN 0.130 -0.010 65 0.134 — — 51.4 2.860 2.587 2.860 2.850 5209 GASMSIA 2.850 UNCH 41.9 2.851 20.18 4.74 3,659.4 0.972 0.715 0.850 0.830 5264 MALAKOF 0.850 0.020 2361.8 0.841 14.48 6.59 4,250.0 4.030 2.990 3.490 3.470 3069 MFCB 3.480 -0.020 67.6 3.485 9.76 1.15 1,462.6 1.275 1.020 1.170 1.160 5041 PBA 1.160 UNCH 28.5 1.164 — 3.02 384.3 19.757 15.900 18.060 17.740 6033 PETGAS 17.800 -0.120 351.9 17.80 19.12 4.04 35,221.4 1.287 0.523 1.170 1.130 5272 RANHILL 1.130 UNCH 227.7 1.152 26.40 4.42 1,204.6 0.340 0.220 0.265 0.255 8567 SALCON 0.260 -0.010 1224 0.258 27.37 3.08 220.2 1.030 0.430 0.930 0.910 8524 TALIWRK 0.925 -0.005 3100.8 0.923 19.35 5.19 1,864.6 15.385 11.240 12.580 12.200 5347 TENAGA 12.540 0.060 9258.2 12.37 22.53 4.25 71,313.6 1.350 0.901 1.140 1.130 4677 YTL 1.130 -0.010 1487.2 1.135 56.50 3.54 12,328.9 1.208 0.790 0.840 0.835 6742 YTLPOWR 0.840 UNCH 633.5 0.837 12.82 5.95 6,852.9CLOSED-END FUNDS 2.850 2.330 2.380 2.360 5108 ICAP 2.360 UNCH 60.6 2.364 27.47 — 330.4EXCHANGE TRADED FUNDS 1.190 1.100 — — 0800EA ABFMY1 1.190 — — — — 1.96 1,505.9 6.140 5.250 5.460 5.460 0829EA CHINAETF-MYR 5.460 UNCH 0.9 5.460 — — 8.1 1.960 1.735 1.915 1.915 0822EA CIMBA40 1.915 0.070 3.7 1.915 — 3.55 5.2 1.700 1.450 1.550 1.550 0823EA CIMBC50 1.550 UNCH 0.2 1.550 — — 11.1 1.910 1.675 — — 0820EA FBMKLCI-EA 1.730 — — — — 1.91 2.9 1.075 0.960 0.990 0.990 0826EA METFAPA 0.990 0.005 3.4 0.990 — — 17.8 0.845 0.790 — — 0825EA METFSID 0.812 — — — — 2.45 71.5 1.130 0.900 — — 0827EA METFUS50 1.100 — — — — — 14.3 1.200 1.020 1.060 1.050 0821EA MYETFDJ 1.055 UNCH 60.1 1.055 — 2.31 291.1 1.210 1.040 — — 0824EA MYETFID 1.115 — — — — 2.48 47.7REAL ESTATE INVESTMENT TRUSTS 0.800 0.678 0.790 0.780 4952 AHP 0.780 -0.010 32.5 0.781 13.83 7.22 171.6 1.500 1.157 1.500 1.440 5116 ALAQAR 1.490 UNCH 160.8 1.485 12.01 5.44 1,096.6 0.940 0.743 0.940 0.920 5269 ALSREIT 0.935 0.005 253.2 0.927 13.13 5.80 542.3 0.566 0.486 0.510 0.505 5120 AMFIRST 0.510 0.010 65.6 0.506 15.94 7.73 350.1 0.865 0.850 0.860 0.855 5127 ARREIT 0.855 UNCH 132.6 0.856 5.96 7.29 490.1 1.170 0.979 1.170 1.160 5130 ATRIUM 1.170 UNCH 39.8 1.162 12.26 6.41 171.0 1.809 1.346 1.780 1.760 5106 AXREIT 1.760 UNCH 4253.1 1.768 14.46 5.20 2,177.6 1.177 0.955 1.090 1.070 5180 CMMT 1.070 -0.010 883.4 1.081 16.67 7.38 2,187.3 1.165 1.043 1.090 1.070 5121 HEKTAR 1.080 -0.010 767.3 1.078 15.91 8.00 498.9 1.980 1.502 1.890 1.870 5227 IGBREIT 1.870 -0.020 2111.4 1.882 19.79 4.87 6,625.3 0.884 0.715 0.850 0.835 5280 KIPREIT 0.840 UNCH 492.1 0.840 12.16 7.51 424.5 7.900 7.094 7.810 7.750 5235SS KLCC 7.800 UNCH 1662.5 7.800 19.34 4.37 14,081.6 1.120 1.070 1.080 1.070 5123 MQREIT 1.070 -0.010 268 1.075 16.04 7.39 1,146.8 1.850 1.384 1.810 1.790 5212 PAVREIT 1.800 UNCH 1051.3 1.800 18.69 4.88 5,470.2 1.939 1.550 1.870 1.850 5176 SUNREIT 1.860 UNCH 4838.2 1.862 12.97 5.09 5,477.8 0.950 0.850 0.880 0.880 5111 TWRREIT 0.880 -0.035 13 0.880 35.06 4.66 246.8 1.480 1.233 1.350 1.350 5110 UOAREIT 1.350 UNCH 50 1.350 15.73 6.76 570.9 1.370 1.095 1.370 1.360 5109 YTLREIT 1.360 UNCH 161 1.364 15.54 5.80 2,318.0SPAC 0.51 0.470 — — 5270 RSENA 0.505 — — — — — 505.0ENERGY 0.155 0.056 0.100 0.090 5115 ALAM 0.095 -0.005 1143.1 0.094 — — 89.7 0.755 0.145 0.210 0.205 5210 ARMADA 0.210 UNCH 16192.7 0.209 — — 1,234.1 0.210 0.040 0.055 0.050 7251 BARAKAH 0.055 0.005 1622.2 0.051 — — 46.0 1.010 0.205 0.770 0.755 5257 CARIMIN 0.755 -0.020 2070.3 0.760 61.38 1.85 176.6 1.370 0.735 1.050 1.000 5071 COASTAL 1.050 0.010 2.5 1.010 — — 558.5 0.040 0.005 0.010 0.010 0091 DAYA 0.010 UNCH 145 0.010 — — 20.4 1.750 0.500 1.090 1.050 5141 DAYANG 1.050 -0.050 16525.5 1.063 5.72 — 1,013.1 1.304 0.863 0.955 0.940 5132 DELEUM 0.940 -0.015 132.5 0.945 13.18 3.72 377.5 3.637 2.720 3.320 3.260 7277 DIALOG 3.280 UNCH 5045 3.276 36.24 1.01 18,504.6 0.535 0.275 0.390 0.365 7253 HANDAL 0.365 -0.020 358.5 0.380 — — 64.2 7.740 4.510 5.340 5.260 4324 HENGYUAN 5.260 -0.080 263.7 5.294 — — 1,578.0 1.360 0.760 1.070 1.040 5199 HIBISCS 1.070 UNCH 15027 1.057 5.59 — 1,699.4 0.385 0.130 0.195 0.180 2739 HUAAN 0.185 -0.010 12707.4 0.186 10.39 — 207.6 0.175 0.060 0.090 0.085 5255 ICON 0.085 -0.005 503.1 0.090 — — 100.1

Ace Market YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)

0.225 0.070 0.190 0.180 7164 KNM 0.185 -0.005 11232.3 0.185 — — 481.7 0.865 0.495 0.730 0.710 5186 MHB 0.710 -0.005 186.6 0.716 — — 1,136.0 1.260 0.340 0.720 0.700 5133 PENERGY 0.720 0.010 527.2 0.710 — 2.78 231.7 0.540 0.175 0.350 0.335 7108 PERDANA 0.335 -0.015 2428.4 0.343 — — 260.8 0.065 0.005 — — 0047 PERISAI 0.005 — — — — — 6.3 9.000 6.010 6.530 6.480 3042 PETRONM 6.530 0.040 61.1 6.500 8.40 3.06 1,763.1 0.520 0.205 0.210 0.205 5256 REACH 0.205 -0.005 4325.2 0.206 — — 224.8 0.678 0.251 0.310 0.300 5218 SAPNRG 0.300 -0.010 25704.6 0.304 — — 4,793.7 0.145 0.040 0.075 0.065 7158 SCOMI 0.070 0.005 15325.3 0.068 — — 76.6 0.140 0.030 0.110 0.085 7045 SCOMIES 0.095 0.005 6756.4 0.097 — — 222.5 4.250 2.995 4.090 4.050 5279 SERBADK 4.080 0.020 2344.3 4.080 14.57 2.06 5,991.5 0.050 0.005 0.010 0.005 1201 SUMATEC 0.010 UNCH 93.6 0.009 — — 42.5 0.585 0.300 0.420 0.410 7228 T7GLOBAL 0.420 UNCH 398 0.413 32.81 — 193.5 0.080 0.025 0.055 0.055 7206 THHEAVY 0.055 UNCH 250 0.055 — — 61.7 1.510 0.550 0.685 0.660 7250 UZMA 0.665 -0.010 2835.2 0.671 10.57 — 212.8 0.325 0.165 0.290 0.275 5243 VELESTO 0.285 UNCH 10751.3 0.284 — — 2,341.4 1.400 0.595 0.685 0.670 5142 WASEONG 0.685 0.005 173.9 0.679 9.49 — 530.8 5.390 4.030 5.250 5.110 7293 YINSON 5.170 -0.010 1779.4 5.177 24.08 1.16 5,653.5

MarketsB U R S A M A L A Y S I A M A I N M A R K E T . A C E M A R K E T

* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share

CONSUMER PRODUCTS & SERVICES 0.740 0.325 0.720 0.695 0098 BAHVEST 0.710 0.020 17369.5 0.707 161.36 — 868.8 0.275 0.195 0.205 0.205 0179 BIOHLDG 0.205 -0.005 1047.3 0.205 13.95 0.54 176.3 0.350 0.160 0.175 0.175 0205 DPIH 0.175 Unch 7.4 0.175 5.61 — 85.2 0.180 0.095 0.135 0.130 0116 FOCUS 0.135 0.005 11704.1 0.132 — — 275.7 0.490 0.154 0.455 0.435 0157 FOCUSP 0.445 -0.010 297.2 0.447 7.96 3.37 73.4 0.145 0.075 — — 0074 GOCEAN 0.090 — — — 13.24 — 26.1 0.140 0.035 0.050 0.045 0170 KANGER 0.050 0.005 143 0.045 8.93 — 44.7 0.205 0.125 0.170 0.165 0180 KTC 0.165 Unch 65.4 0.168 6.99 — 84.2 0.190 0.100 0.110 0.105 0182 LKL 0.105 -0.005 19.2 0.105 — — 45.0 0.250 0.100 0.220 0.180 0140 MACPIE 0.195 0.015 42420.8 0.209 — — 65.8 0.773 0.277 0.445 0.435 0201 NOVA 0.435 -0.015 30.7 0.437 19.68 1.15 138.2 0.195 0.110 — — 0153 OVERSEA 0.130 — — — — — 32.0 0.135 0.060 — — 0022 PARLO 0.070 — — — — — 25.5 0.400 0.190 0.215 0.205 0171 PLABS 0.210 -0.005 173.8 0.209 11.86 2.86 45.1 0.560 0.451 0.510 0.510 0158 SCC 0.510 Unch 21 0.510 10.67 6.67 72.0 0.260 0.095 0.115 0.115 0148 SUNZEN 0.115 Unch 260 0.115 — — 61.5 0.393 0.214 0.325 0.310 0197 WEGMANS 0.320 0.010 2884.9 0.318 13.11 1.56 160.0 0.055 0.015 0.025 0.020 0095 XINGHE 0.025 0.005 224 0.024 — — 64.4INDUSTRIAL PRODUCTS & SERVICES 0.300 0.210 — — 0122 AIM 0.270 — — — — — 71.8 0.100 0.060 0.070 0.065 0105 ASIAPLY 0.070 Unch 250.4 0.065 — 7.14 31.6 0.075 0.040 0.045 0.040 0072 AT 0.045 -0.005 13.2 0.043 — — 20.9 0.250 0.150 0.180 0.175 0187 BCMALL 0.175 -0.005 30 0.175 9.46 1.14 73.7 0.260 0.150 0.170 0.160 0163 CAREPLS 0.165 Unch 614.1 0.164 — — 87.7 0.170 0.075 — — 0102 CONNECT 0.075 — — — — — 24.7 0.309 0.170 0.210 0.210 0190 ESAFE 0.210 -0.020 0.5 0.210 700.0 8.57 50.5 0.237 0.105 — — 0100 ESCERAM 0.140 — — — — 4.29 28.8 0.565 0.336 0.460 0.450 0039 GFM 0.455 0.005 869.6 0.454 20.13 2.42 214.3 0.235 0.105 0.120 0.105 0175 HHGROUP 0.115 -0.005 653 0.112 — — 39.1 0.125 0.080 0.100 0.100 0160 HHHCORP 0.100 -0.005 100 0.100 9.62 — 33.3 0.280 0.115 — — 0188 HLT 0.145 — — — — — 74.2 0.085 0.035 0.045 0.040 0024 JAG 0.045 Unch 256.5 0.040 37.50 4.22 68.2 0.297 0.181 0.215 0.210 0193 KAB 0.210 Unch 14.7 0.212 7.84 4.76 70.4 0.170 0.080 — — 0167 MCLEAN 0.080 — — — — — 14.3 0.240 0.105 0.120 0.115 0081 MEGASUN 0.115 -0.005 10.2 0.120 38.33 — 28.8 0.140 0.045 0.045 0.045 0177 PASUKGB 0.045 Unch 202.6 0.045 — — 36.6 0.260 0.115 0.120 0.120 0038 PTB 0.120 Unch 10 0.120 — — 22.4 0.380 0.165 0.225 0.215 0196 QES 0.215 -0.005 949.2 0.220 11.38 — 163.0 0.180 0.045 — — 0133 SANICHI 0.050 — — — — — 55.4 0.180 0.090 0.130 0.115 0161 SCH 0.120 Unch 1727.3 0.124 — — 66.7 1.060 0.359 1.060 0.985 0001 SCOMNET 1.040 0.055 3323 1.024 42.98 0.96 668.7 0.290 0.115 0.200 0.190 0028 SCOPE 0.200 Unch 266 0.191 — 2.50 123.8 0.170 0.080 — — 0055 SERSOL 0.085 — — — — — 18.3 0.549 0.241 0.295 0.275 0084 TECFAST 0.290 0.020 1601.7 0.287 17.06 3.45 66.2 0.739 0.425 0.460 0.425 0089 TEXCYCL 0.460 Unch 28 0.459 16.97 1.30 117.8 0.390 0.220 0.245 0.240 0162 WIDAD 0.240 -0.005 1363.7 0.242 40.68 — 589.1 0.180 0.115 — — 0025 YBS 0.125 — — — 10.00 — 30.2TECHNOLOGY 0.455 0.190 0.210 0.205 0181 AEMULUS 0.205 Unch 1702.8 0.207 28.08 0.98 112.5 0.255 0.080 0.085 0.085 0119 APPASIA 0.085 Unch 126 0.085 — — 29.3 0.300 0.155 0.225 0.225 0068 ASDION 0.225 -0.005 275.7 0.225 — — 28.8 0.499 0.305 0.335 0.310 0195 BINACOM 0.330 0.025 443.2 0.323 10.41 3.03 85.8 0.439 0.193 0.200 0.200 0191 CABNET 0.200 Unch 10 0.200 7.60 4.00 35.8 0.185 0.090 0.095 0.095 0152 DGB 0.095 -0.005 10 0.095 — — 71.8 0.180 0.065 0.085 0.085 0131 DGSB 0.085 Unch 759.8 0.085 60.71 — 63.4 0.035 0.010 0.010 0.010 0154 EAH 0.010 Unch 141 0.010 — — 50.7 0.080 0.015 0.035 0.030 0107 EDUSPEC 0.035 0.005 365.5 0.030 — — 38.6 2.015 1.111 1.200 1.190 0104 GENETEC 1.200 0.020 95 1.198 8.42 4.17 50.7 0.100 0.045 0.060 0.060 0045 GNB 0.060 Unch 100 0.060 — — 17.3 0.120 0.020 0.020 0.020 0174 IDMENSN 0.020 -0.005 0.2 0.020 — — 5.4 0.506 0.180 0.385 0.370 0023 IFCAMSC 0.375 Unch 4487.7 0.379 19.95 2.67 228.1 0.120 0.045 0.065 0.065 0094 INIX 0.065 Unch 10441.6 0.065 — — 17.1 0.195 0.125 0.160 0.155 0010 IRIS 0.155 Unch 2569.9 0.158 10.69 — 459.8 1.030 0.640 0.820 0.780 0146 JFTECH 0.810 0.030 119.2 0.800 — — 170.1 1.450 0.805 1.220 1.160 0127 JHM 1.220 0.070 1596.7 1.191 17.81 1.64 680.3 0.292 0.133 0.245 0.235 0111 K1 0.240 Unch 203.7 0.240 21.24 — 174.9 0.095 0.035 0.035 0.035 0036 KGROUP 0.035 Unch 13.7 0.035 — — 18.2 0.781 0.496 0.570 0.555 0176 KRONO 0.560 Unch 851.2 0.563 11.52 3.57 274.0 0.165 0.055 0.065 0.055 0018 LAMBO 0.060 Unch 24594.1 0.060 6.06 — 126.1 0.545 0.280 — — 0075 LYC 0.350 — — — — — 113.7 0.095 0.040 0.040 0.040 0017 M3TECH 0.040 Unch 160 0.040 — — 23.5 0.425 0.205 — — 0155 MGRC 0.290 — — — — — 30.0 0.580 0.350 — — 0126 MICROLN 0.400 — — — 72.73 — 66.9 0.368 0.190 0.240 0.230 0112 MIKROMB 0.235 -0.010 58.1 0.233 25.82 3.40 101.3 0.065 0.035 0.045 0.045 0085 MLAB 0.045 Unch 490 0.045 — — 30.2 0.310 0.200 — — 0034 MMAG 0.215 — — — — — 146.7 0.080 0.035 — — 0103 MNC 0.045 — — — — — 21.5 0.210 0.100 0.105 0.100 0156 MPAY 0.105 Unch 140 0.103 — — 74.6 0.065 0.020 0.025 0.025 0070 MQTECH 0.025 Unch 1170 0.025 — — 16.1 0.120 0.050 0.065 0.060 0092 MTOUCHE 0.065 Unch 5361 0.060 — — 33.1 1.257 0.691 0.815 0.795 0108 N2N 0.810 Unch 800.8 0.806 36.65 2.47 484.3 0.030 0.010 0.015 0.010 0020 NETX 0.015 Unch 1350 0.011 — — 42.0 0.040 0.010 0.020 0.015 0096 NEXGRAM 0.020 Unch 765.1 0.015 — — 41.4 0.205 0.090 0.105 0.100 0026 NOVAMSC 0.105 Unch 597.6 0.100 16.94 — 78.9 1.024 0.515 0.550 0.540 0035 OPCOM 0.540 -0.010 316.1 0.543 192.86 6.02 87.1 0.369 0.252 0.310 0.300 0040 OPENSYS 0.310 0.005 1769.9 0.306 9.42 4.84 92.3 0.230 0.040 0.155 0.150 0079 ORION 0.150 -0.005 3548 0.150 — — 106.1 0.730 0.240 0.310 0.310 0006 PINEAPP 0.310 Unch 19.5 0.310 — — 15.0 0.150 0.045 0.060 0.055 0123 PRIVA 0.060 0.005 786.6 0.060 — — 33.5 1.504 0.474 1.290 1.270 0200 REVENUE 1.280 -0.010 219.5 1.277 31.53 — 297.0 0.750 0.525 0.625 0.625 0106 REXIT 0.625 Unch 10 0.625 14.40 4.80 118.3 0.650 0.200 0.210 0.210 0202 RGTECH 0.210 Unch 234.8 0.210 26.92 — 110.3 0.310 0.090 0.190 0.170 0178 SEDANIA 0.190 0.010 8387 0.184 — — 47.2 0.610 0.370 0.580 0.540 0203 SMETRIC 0.555 0.005 535.3 0.554 168.18 — 135.2 0.180 0.090 0.105 0.100 0117 SMRT 0.105 0.005 390.5 0.104 — — 42.7 0.190 0.055 0.190 0.180 0169 SMTRACK 0.190 0.010 16577.9 0.183 — — 28.3 0.180 0.080 0.085 0.085 0093 SOLUTN 0.085 Unch 65 0.085 — — 26.0 0.340 0.150 — — 0129 SRIDGE 0.200 — — — 14.39 — 28.1 0.345 0.180 0.195 0.195 0050 SYSTECH 0.195 -0.005 100 0.195 130.0 — 67.8 0.130 0.065 — — 0132 TDEX 0.065 — — — — — 38.4 0.165 0.085 — — 0145 TFP 0.105 — — — — — 21.8 0.430 0.190 0.210 0.205 0005 UCREST 0.205 -0.005 1462.5 0.206 4.81 — 95.1 0.330 0.108 0.160 0.155 0060 VC 0.160 0.005 2481 0.158 228.5 — 61.9 0.775 0.305 0.370 0.365 0120 VIS 0.365 Unch 259.2 0.366 8.43 2.74 61.7 0.056 0.015 0.020 0.015 0069 VIVOCOM 0.020 Unch 279 0.017 — — 113.3 0.255 0.085 0.175 0.165 0066 VSOLAR 0.170 Unch 10121.4 0.170 — — 65.6 0.045 0.035 — — 0141 WINTONI 0.035 — — — — — 18.0 0.170 0.100 — — 0086 YGL 0.115 — — — — — 26.7TELECOMMUNICATIONS & MEDIA 0.499 0.305 0.335 0.310 0195 BINACOM 0.330 0.025 443.2 0.323 10.41 3.03 85.8 0.720 0.420 — — 0147 INNITY 0.480 — — — 45.71 — 66.8 0.095 0.040 0.040 0.040 0017 M3TECH 0.040 Unch 160 0.040 — — 23.5 0.080 0.035 — — 0103 MNC 0.045 — — — — — 21.5 0.120 0.050 0.065 0.060 0092 MTOUCHE 0.065 Unch 5361 0.060 — — 33.1 0.040 0.010 0.020 0.015 0096 NEXGRAM 0.020 Unch 765.1 0.015 — — 41.4 1.024 0.515 0.550 0.540 0035 OPCOM 0.540 -0.010 316.1 0.543 192.86 6.02 87.1 0.150 0.045 0.060 0.055 0123 PRIVA 0.060 0.005 786.6 0.060 — — 33.5 0.215 0.075 0.080 0.075 0007 PUC 0.075 -0.005 580.3 0.077 15.96 — 161.8 0.385 0.150 0.320 0.310 0032 REDTONE 0.315 -0.005 575.2 0.314 18.00 — 238.9 0.435 0.160 0.185 0.180 0173 REV 0.185 Unch 51 0.185 — — 24.9 0.310 0.090 0.190 0.170 0178 SEDANIA 0.190 0.010 8387 0.184 — — 47.2 0.340 0.150 — — 0129 SRIDGE 0.200 — — — 14.39 — 28.1 0.085 0.045 0.050 0.045 0165 XOX 0.045 -0.005 592.5 0.047 — — 49.2FINANCIAL SERVICES 0.100 0.040 0.045 0.045 0150 FINTEC 0.045 Unch 191.9 0.045 — — 27.5 0.630 0.420 0.455 0.420 0053 OSKVI 0.420 -0.020 10.7 0.420 — 11.90 83.0HEALTH CARE 0.260 0.150 0.170 0.160 0163 CAREPLS 0.165 Unch 614.1 0.164 — — 87.7 0.190 0.100 0.110 0.105 0182 LKL 0.105 -0.005 19.2 0.105 — — 45.0 0.425 0.205 — — 0155 MGRC 0.290 — — — — — 30.0 0.773 0.277 0.445 0.435 0201 NOVA 0.435 -0.015 30.7 0.437 19.68 1.15 138.2TRANSPORTATION & LOGISTICS 0.110 0.060 0.070 0.070 0048 ANCOMLB 0.070 Unch 50 0.070 — — 33.1 0.285 0.210 0.235 0.230 0080 STRAITS 0.230 Unch 564.7 0.231 23.47 — 149.7 0.501 0.295 0.385 0.380 0199 TRIMODE 0.380 -0.005 59.4 0.384 27.34 2.63 63.1CONSTRUCTION 0.422 0.212 0.315 0.295 0198 GDB 0.300 -0.010 358.5 0.303 6.32 6.67 187.5 0.400 0.235 0.265 0.260 0206 NADIBHD 0.260 -0.005 692.3 0.260 4.89 — 195.8 0.040 0.010 0.030 0.030 0109 SCBUILD 0.030 Unch 70 0.030 18.75 — 26.5PLANTATION 0.085 0.065 0.075 0.075 0189 MATANG 0.075 0.005 2.1 0.075 62.50 2.67 135.8UTILITIES 0.380 0.210 0.240 0.235 0011 BTECH 0.240 Unch 161.9 0.240 14.63 6.67 60.5

MarketsB U R S A M A L A Y S I A E Q U I T Y D E R I V A T I V E S

THURSDAY JUNE 13, 2019 • THEEDGE FINANCIAL DAILY 2 8

Bursa Malaysia Equity Derivatives

0.575 0.075 0.120 0.110 70330 A50CHIN-C30 0.115 -0.020 19.6 7.544 7.707 4.44 28/06/2019 0.700 0.350 0.460 0.450 70336 A50CHIN-C36 0.455 -0.020 1538 7.544 6.803 2.24 30/08/2019 0.390 0.100 0.145 0.125 70338 A50CHIN-C38 0.130 -0.015 2963.2 7.544 8.770 18.83 30/09/2019 0.470 0.170 0.220 0.215 70340 A50CHIN-C40 0.215 -0.010 636 7.544 8.398 17.01 26/11/2019 0.505 0.005 — — 70327 A50CHIN-H27 0.005 — — 0.698 6.378 814.81 28/06/2019 0.480 0.100 0.330 0.320 70329 A50CHIN-H29 0.325 0.015 2974.3 7.544 7.441 5.10 30/09/2019 0.155 0.025 0.035 0.035 5238WA AAX-WA 0.035 -0.005 1862.8 0.235 0.460 110.64 08/06/2020 0.175 0.005 0.015 0.010 6599CO AEON-CO 0.015 Unch 1455.9 1.560 1.650 7.69 31/07/2019 0.110 0.080 0.105 0.105 5139CC AEONCR-CC 0.105 -0.005 50 16.599 16.650 9.80 31/01/2020 0.220 0.015 0.065 0.060 509971 AIRASIAC71 0.060 -0.005 663.2 2.860 2.822 4.15 31/07/2019 0.470 0.150 0.265 0.265 509974 AIRASIAC74 0.265 -0.025 3 2.860 2.171 0.05 28/06/2019 0.100 0.015 0.040 0.035 509979 AIRASIAC79 0.035 -0.005 420.2 2.860 3.300 19.06 29/11/2019 0.130 0.065 0.105 0.105 509981 AIRASIAC81 0.105 Unch 2100 2.860 2.700 12.76 31/01/2020 0.135 0.075 0.110 0.110 509982 AIRASIAC82 0.110 -0.005 20 2.860 2.800 11.36 14/10/2019 0.200 0.090 0.160 0.155 509983 AIRASIAC83 0.160 Unch 3312.4 2.860 2.880 15.24 31/10/2019 0.255 0.110 0.220 0.215 509984 AIRASIAC84 0.215 -0.010 211.1 2.860 2.400 6.47 28/02/2020 0.235 0.215 0.220 0.215 509985 AIRASIAC85 0.220 -0.005 817 2.860 2.500 8.95 20/12/2019 0.105 0.010 0.025 0.025 5014C4 AIRPORT-C4 0.025 Unch 644.5 7.920 8.350 8.27 30/09/2019 0.125 0.050 0.120 0.120 5014C8 AIRPORT-C8 0.120 Unch 90 7.920 8.000 10.10 29/11/2019 0.185 0.060 0.070 0.070 7609WA AJIYA-WA 0.070 Unch 10 0.510 0.920 94.12 28/08/2021 0.070 0.035 0.050 0.045 5115WA ALAM-WA 0.045 -0.005 215.1 0.095 0.120 73.68 28/03/2022 0.090 0.065 0.075 0.070 101516 AMBANK-C16 0.070 -0.005 0.8 4.450 4.500 7.42 31/03/2020 0.090 0.010 0.020 0.015 639914 ASTRO-C14 0.015 -0.005 61 1.410 1.800 29.79 29/11/2019 0.285 0.140 0.235 0.235 7579WA AWC-WA 0.235 -0.010 10 0.730 0.880 52.74 25/12/2023 0.260 0.095 0.260 0.260 688834 AXIATA-C34 0.260 Unch 0.4 4.710 3.450 0.85 30/08/2019 0.135 0.055 0.130 0.130 688837 AXIATA-C37 0.130 Unch 0.4 4.710 4.450 8.28 31/12/2019 0.135 0.125 0.130 0.130 688839 AXIATA-C39 0.130 -0.005 250 4.710 4.880 21.55 31/01/2020 0.330 0.085 0.225 0.225 7078WA AZRB-WA 0.225 Unch 19.9 0.430 0.630 98.84 13/05/2024 0.485 0.170 0.450 0.430 0098WA BAHVEST-WA 0.445 0.020 11693.1 0.710 0.430 23.24 20/08/2024 0.095 0.010 0.015 0.015 4162CO BAT-CO 0.015 Unch 10 29.500 37.500 29.15 31/12/2019 0.110 0.075 0.100 0.100 5248C4 BAUTO-C4 0.100 Unch 750 2.400 2.380 11.67 28/02/2020 0.255 0.140 0.195 0.195 5248CZ BAUTO-CZ 0.195 0.030 0.4 2.400 2.000 -0.42 25/06/2019 0.395 0.115 0.370 0.350 5258WA BIMB-WA 0.355 -0.010 2623.3 4.590 4.720 10.57 04/12/2023 0.090 0.020 0.030 0.030 6998WA BINTAI-WA 0.030 -0.005 159.1 0.125 0.200 84.00 15/06/2020 0.145 0.070 0.070 0.070 0179WA BIOHLDG-WA 0.070 Unch 25 0.205 0.220 41.46 05/01/2022 0.150 0.045 0.045 0.045 3239WB BJASSET-WB 0.045 Unch 103.8 0.305 0.350 29.51 10/06/2023 0.090 0.035 0.040 0.035 3395WB BJCORP-WB 0.040 Unch 160.3 0.260 1.000 300.00 22/04/2022 0.115 0.060 0.065 0.060 3395WC BJCORP-WC 0.065 -0.005 100 0.260 1.000 309.62 29/05/2026 0.100 0.030 0.065 0.065 1562CW BJTOTO-CW 0.065 Unch 30 2.590 2.400 0.19 28/06/2019 0.035 0.010 0.020 0.015 7036WC BORNOIL-WC 0.020 Unch 101 0.040 0.070 125.00 08/11/2025 0.035 0.015 0.020 0.015 7036WD BORNOIL-WD 0.020 Unch 505.7 0.040 0.070 125.00 29/05/2027 0.050 0.005 — — 7188WA BTM-WA 0.005 — — 0.105 0.940 800.00 20/12/2019 0.065 0.005 0.025 0.020 181823 BURSA-C23 0.020 Unch 350 6.490 7.300 14.64 29/11/2019 0.463 0.185 0.265 0.265 7154WA CAELY-WA 0.265 Unch 39.7 0.450 0.190 1.11 22/04/2021 0.190 0.005 0.005 0.005 7076WA CBIP-WA 0.005 Unch 920 0.334 2.400 620.06 06/11/2019 0.330 0.070 0.110 0.105 7035WA CCK-WA 0.110 Unch 802.3 0.525 0.900 92.38 18/06/2023 0.265 0.105 0.140 0.115 7187WA CHGP-WA 0.140 0.020 19.9 0.345 0.200 -1.45 07/07/2023 0.500 0.280 0.340 0.315 5738WB CHHB-WB 0.315 Unch 20.8 1.520 1.200 -0.33 20/12/2023 0.170 0.010 0.010 0.010 102345 CIMB-C45 0.010 Unch 212 5.300 5.700 8.68 28/06/2019 0.105 0.080 0.100 0.095 102348 CIMB-C48 0.095 -0.005 100 5.300 5.200 8.87 31/01/2020 0.170 0.135 0.145 0.145 102350 CIMB-C50 0.145 -0.005 150 5.300 5.200 9.06 31/10/2019 0.105 0.095 0.105 0.105 102353 CIMB-C53 0.105 Unch 50 5.300 5.250 8.96 29/11/2019 0.440 0.100 0.325 0.315 5276WA DANCO-WA 0.315 -0.015 380 0.570 0.300 7.89 22/05/2022 0.015 0.005 0.010 0.005 7179WB DBE-WB 0.010 0.005 4053.1 0.030 0.050 100.00 22/01/2022 0.140 0.030 0.110 0.090 3484WA DBHD-WA 0.095 Unch 2272.3 0.465 0.580 45.16 27/11/2020 0.220 0.035 0.045 0.035 727740 DIALOG-C40 0.035 -0.005 340 3.280 3.300 3.60 28/06/2019 0.150 0.130 0.135 0.130 727746 DIALOG-C46 0.130 Unch 1067.6 3.280 3.280 15.85 31/03/2020 0.160 0.145 0.155 0.145 727747 DIALOG-C47 0.145 -0.005 0.4 3.280 3.150 9.30 31/03/2020 0.300 0.015 0.015 0.015 694728 DIGI-C28 0.015 -0.005 100 4.890 5.000 3.72 28/06/2019 0.110 0.070 0.105 0.100 694729 DIGI-C29 0.100 -0.010 0.4 4.890 4.800 6.34 31/03/2020 0.125 0.105 0.115 0.115 694731 DIGI-C31 0.115 -0.005 120.2 4.890 5.050 13.85 20/12/2019 0.155 0.045 0.060 0.060 4456WD DNEX-WD 0.060 -0.005 1087.5 0.260 0.500 115.38 30/07/2021 0.415 0.105 0.200 0.190 7114WA DNONCE-WA 0.200 0.010 217 0.475 0.250 -5.26 25/11/2020 0.060 0.015 0.035 0.025 5265WA DOLPHIN-WA 0.035 0.005 139.9 0.125 0.800 568.00 29/03/2021 0.250 0.035 0.035 0.035 7169WA DOMINAN-WA 0.035 -0.010 21.3 1.240 1.300 7.66 10/09/2020 0.050 0.015 0.035 0.035 7198WB DPS-WB 0.035 -0.005 100 0.085 0.100 58.82 15/01/2025 0.275 0.095 0.215 0.205 161970 DRBHCOMC70 0.215 0.005 709.5 2.140 1.800 4.21 31/10/2019 0.150 0.075 0.100 0.100 161973 DRBHCOMC73 0.100 -0.005 55 2.140 2.100 12.15 03/09/2019 0.140 0.060 0.090 0.090 161974 DRBHCOMC74 0.090 Unch 487.7 2.140 2.350 21.59 30/09/2019 0.155 0.065 0.110 0.100 161975 DRBHCOMC75 0.110 0.005 1001.5 2.140 2.000 8.88 31/12/2019 0.215 0.120 0.165 0.165 161978 DRBHCOMC78 0.165 Unch 10 2.140 1.950 12.71 31/10/2019 0.120 0.060 0.090 0.090 161979 DRBHCOMC79 0.090 Unch 390 2.140 2.200 15.42 28/02/2020 0.095 0.075 0.090 0.090 161981 DRBHCOMC81 0.090 Unch 7.5 2.140 2.700 37.94 20/12/2019 0.300 0.050 0.095 0.085 5216WA DSONIC-WA 0.090 0.005 7565.8 0.510 1.090 131.37 05/07/2023 0.850 0.170 0.225 0.210 7165WA DWL-WA 0.215 -0.005 286.9 0.630 0.600 29.37 07/04/2021 0.095 0.005 0.015 0.005 3557WC ECOFIRS-WC 0.005 -0.010 0.6 0.300 0.300 1.67 10/09/2019 0.320 0.070 0.245 0.240 5253WA ECONBHD-WA 0.240 Unch 3706.7 0.695 1.250 114.39 02/01/2023 0.340 0.120 0.150 0.140 8206WA ECOWLD-WA 0.150 Unch 21 0.855 2.080 160.82 26/03/2022 0.150 0.030 0.045 0.045 7471WB EDEN-WB 0.045 Unch 71 0.130 0.300 165.38 13/08/2021 0.505 0.020 0.050 0.045 0065WA EFORCE-WA 0.045 Unch 625 0.400 0.340 -3.75 17/07/2019 0.315 0.070 0.075 0.075 8907WC EG-WC 0.075 -0.005 17 0.405 0.500 41.98 03/11/2020 0.095 0.065 0.090 0.080 8877CU EKOVEST-CU 0.085 Unch 6044.1 0.830 1.100 57.11 20/12/2019 0.165 0.130 0.155 0.150 8877CV EKOVEST-CV 0.155 0.005 1495 0.830 1.080 76.81 09/12/2019 0.105 0.085 0.105 0.095 8877CW EKOVEST-CW 0.105 Unch 2412 0.830 0.980 68.67 09/12/2019 0.120 0.075 0.105 0.100 8877CX EKOVEST-CX 0.105 0.005 3174.8 0.830 0.880 31.33 30/04/2020 0.340 0.095 0.105 0.100 5283WA EWINT-WA 0.100 -0.005 100.5 0.640 1.450 142.19 02/04/2022 0.180 0.020 0.045 0.040 7047WB FAJAR-WB 0.045 Unch 2513.6 0.435 0.700 71.26 24/09/2019 0.100 0.005 0.005 0.005 06505R FBMKLCI-C5R 0.005 -0.005 30 322.55 1,690 425.03 31/07/2019 0.050 0.005 0.010 0.010 06505W FBMKLCI-C5W 0.010 -0.005 100 645.09 1,730 169.26 30/09/2019 0.125 0.090 0.105 0.105 06505Z FBMKLCI-C5Z 0.105 0.010 100 1,650 1,688 8.62 31/01/2020 0.185 0.065 0.080 0.075 06506Q FBMKLCI-H6Q 0.080 0.010 560 1,650 1,700 6.38 28/06/2019 0.180 0.065 0.080 0.075 06506T FBMKLCI-H6T 0.075 0.005 491 1,650 1,690 5.56 31/07/2019 0.335 0.160 0.170 0.170 06506V FBMKLCI-H6V 0.170 0.005 20 1,650 1,640 2.44 31/07/2019 0.200 0.090 0.100 0.095 06506X FBMKLCI-H6X 0.100 0.005 50 1,650 1,695 6.92 30/08/2019 0.360 0.210 0.220 0.220 06506Z FBMKLCI-H6Z 0.220 0.005 2.5 1,650 1,590 0.32 30/09/2019 0.140 0.030 0.050 0.045 522262 FGV-C62 0.045 -0.005 158.4 1.160 1.200 15.09 23/10/2019 0.275 0.040 0.125 0.125 522263 FGV-C63 0.125 Unch 75 1.160 0.950 1.29 28/06/2019 0.280 0.110 0.150 0.145 522265 FGV-C65 0.150 0.005 210 1.160 0.950 5.17 02/08/2019 0.575 0.220 0.390 0.380 522267 FGV-C67 0.380 -0.010 20 1.160 0.800 1.72 31/10/2019 0.160 0.060 0.065 0.065 522270 FGV-C70 0.065 Unch 23 1.160 1.300 20.47 29/11/2019 0.065 0.020 0.025 0.025 522271 FGV-C71 0.025 Unch 3820 1.160 1.580 42.67 30/09/2019 0.055 0.015 0.020 0.020 522272 FGV-C72 0.020 Unch 260 1.160 1.700 50.86 30/09/2019 0.120 0.040 0.050 0.050 522273 FGV-C73 0.050 Unch 3243 1.160 1.380 28.45 30/09/2019 0.130 0.065 0.070 0.070 522274 FGV-C74 0.070 -0.005 1000.1 1.160 1.300 27.16 26/11/2019 0.150 0.100 0.105 0.100 522276 FGV-C76 0.100 -0.010 0.4 1.160 1.150 16.38 28/02/2020 0.055 0.005 0.005 0.005 9318WB FITTERS-WB 0.005 Unch 114.6 0.420 1.000 139.29 12/10/2019 0.450 0.075 0.335 0.320 9261WB GADANG-WB 0.325 -0.005 1652.7 0.885 1.060 56.50 29/11/2021 0.100 0.015 0.045 0.040 539857 GAMUDA-C57 0.040 -0.005 195.3 3.460 3.500 4.62 31/07/2019 0.305 0.070 0.270 0.270 539859 GAMUDA-C59 0.270 0.010 60 3.460 2.350 -0.87 30/08/2019 0.160 0.095 0.125 0.125 539865 GAMUDA-C65 0.125 Unch 510 3.460 3.600 20.30 31/10/2019 0.200 0.110 0.180 0.170 539867 GAMUDA-C67 0.170 -0.010 0.8 3.460 3.000 6.36 31/01/2020 0.175 0.170 0.175 0.175 539869 GAMUDA-C69 0.175 0.005 80 3.460 3.250 14.16 29/11/2019 0.670 0.125 0.320 0.310 5398WE GAMUDA-WE 0.315 0.005 234.9 3.460 4.050 26.16 06/03/2021 0.520 0.135 0.440 0.420 5226WB GBGAQRS-WB 0.440 0.010 669.5 1.380 1.120 13.04 26/09/2023 0.200 0.105 0.105 0.105 5102CE GCB-CE 0.105 Unch 20 3.730 4.180 23.32 07/10/2019 0.250 0.130 0.140 0.140 5102CF GCB-CF 0.140 Unch 14 3.730 3.500 8.85 14/10/2019 0.255 0.030 0.045 0.040 0078WB GDEX-WB 0.040 -0.005 747.5 0.275 0.383 53.64 05/02/2020 0.160 0.040 0.040 0.040 471547 GENM-C47 0.040 Unch 60 3.220 3.125 2.52 25/06/2019 0.220 0.100 0.100 0.100 471549 GENM-C49 0.100 -0.005 2.5 3.220 3.028 6.16 31/07/2019 0.100 0.035 0.040 0.040 471554 GENM-C54 0.040 Unch 40 3.220 3.565 15.56 31/12/2019 0.100 0.065 0.075 0.075 471558 GENM-C58 0.075 Unch 1770 3.220 3.650 20.81 31/10/2019 0.125 0.075 0.075 0.075 2291CI GENP-CI 0.075 -0.015 150 10.180 10.500 9.04 29/11/2019 0.060 0.005 0.005 0.005 318256 GENTINGC56 0.005 Unch 40 1.149 8.800 668.93 28/06/2019 0.175 0.005 — — 318257 GENTINGC57 0.005 — — 0.813 7.700 850.18 28/06/2019 0.120 0.010 0.020 0.015 318258 GENTINGC58 0.020 0.005 652.4 6.620 7.250 11.63 30/09/2019 0.375 0.185 0.205 0.200 318265 GENTINGC65 0.200 Unch 20 6.620 7.880 25.08 04/11/2019 0.190 0.095 0.115 0.105 318267 GENTINGC67 0.115 0.005 660 6.620 7.350 18.50 31/10/2019 0.130 0.105 0.130 0.115 318268 GENTINGC68 0.130 0.005 160 6.620 6.600 9.52 29/11/2019 0.245 0.120 0.155 0.145 0039WC GFM-WC 0.150 Unch 653 0.455 0.380 16.48 28/01/2022 0.170 0.050 0.055 0.055 5220WA GLOTEC-WA 0.055 Unch 5.4 0.425 0.720 82.35 19/12/2021 0.018 0.001 0.005 0.005 1147WA GOB-WA 0.005 Unch 100 0.165 0.800 387.88 24/12/2019 0.185 0.050 0.115 0.110 0082WB GPACKET-WB 0.115 Unch 218.8 0.350 0.400 47.14 24/11/2023 0.070 0.015 0.055 0.055 7096WA GPA-WA 0.055 Unch 810 0.135 0.100 14.81 03/06/2025 0.130 0.035 0.045 0.045 7022CV GTRONIC-CV 0.045 0.010 40 1.660 2.000 31.33 23/10/2019 0.020 0.003 0.010 0.010 3034CX HAPSENG-CX 0.010 -0.010 199.8 4.945 10.000 103.84 31/07/2019 0.100 0.040 0.075 0.075 516822 HARTA-C22 0.075 -0.005 102.8 5.200 5.400 11.06 29/11/2019 0.235 0.145 0.215 0.210 516823 HARTA-C23 0.210 -0.010 2261.9 5.200 4.500 6.73 29/11/2019 0.170 0.105 0.150 0.145 516825 HARTA-C25 0.145 -0.010 769.4 5.200 5.000 10.10 14/10/2019 0.170 0.150 0.160 0.160 516826 HARTA-C26 0.160 Unch 320 5.200 5.000 11.54 29/11/2019 0.170 0.110 0.110 0.110 432410 HENGYUANC10 0.110 Unch 115 5.260 6.300 40.68 23/12/2019 0.255 0.075 0.075 0.075 4324C7 HENGYUAN-C7 0.075 -0.005 15 5.260 5.180 9.89 30/08/2019 0.215 0.055 0.060 0.055 5072WB HIAPTEK-WB 0.060 Unch 260 0.225 0.500 148.89 23/06/2021 0.175 0.080 0.095 0.095 5199CQ HIBISCS-CQ 0.095 -0.005 113 1.070 0.900 6.31 30/08/2019 0.160 0.055 0.065 0.065 5199CR HIBISCS-CR 0.065 -0.005 840 1.070 1.080 13.08 02/08/2019 0.130 0.045 0.050 0.050 5199CU HIBISCS-CU 0.050 Unch 1100 1.070 1.280 28.97 30/08/2019 0.135 0.045 0.065 0.060 5199CW HIBISCS-CW 0.060 -0.005 210.2 1.070 1.150 18.69 31/12/2019 0.060 0.025 0.025 0.025 5199CX HIBISCS-CX 0.025 Unch 500 1.070 1.880 80.37 04/11/2019 0.100 0.045 0.050 0.050 5199CY HIBISCS-CY 0.050 Unch 1500 1.070 1.300 33.18 31/10/2019 0.145 0.075 0.090 0.090 5199CZ HIBISCS-CZ 0.090 -0.005 750 1.070 1.050 19.16 31/10/2019 0.665 0.310 0.355 0.345 5199WC HIBISCS-WC 0.355 Unch 2609.7 1.070 1.060 32.24 19/03/2021 0.075 0.005 0.005 0.005 5819CN HLBANK-CN 0.005 Unch 61.3 3.274 21.000 544.47 31/07/2019 0.230 0.050 0.080 0.075 5160WA HOMERIZ-WA 0.075 -0.005 88.7 0.650 0.920 53.08 09/07/2020 0.375 0.140 0.220 0.220 0185WA HSSEB-WA 0.220 Unch 17 1.070 1.700 79.44 15/03/2023 0.008 0.003 — — 7013WA HUBLINE-WA 0.005 — — 0.045 3.160 6,933 04/11/2019 0.025 0.010 0.025 0.020 7013WC HUBLINE-WC 0.025 Unch 179 0.045 0.055 77.78 17/12/2023 0.055 0.020 0.035 0.035 9601WD HWGB-WD 0.035 Unch 388 0.085 0.320 317.65 15/03/2021 1.000 0.220 0.310 0.310 9687WB IDEAL-WB 0.310 -0.015 0.5 1.090 1.000 20.18 30/03/2021 0.050 0.005 — — 0174WA IDMENSN-WA 0.005 — — 0.020 0.200 925.00 14/07/2020 0.135 0.075 0.110 0.110 522512 IHH-C12 0.110 0.005 61.1 5.680 5.500 6.51 14/10/2019 0.135 0.105 0.130 0.130 522514 IHH-C14 0.130 0.005 0.4 5.680 5.400 6.51 31/03/2020 0.215 0.085 0.165 0.155 333624 IJM-C24 0.165 0.005 60 2.300 1.880 3.26 02/08/2019 0.250 0.110 0.205 0.195 333625 IJM-C25 0.205 0.005 240 2.300 1.750 2.83 03/09/2019 0.130 0.070 0.095 0.090 333627 IJM-C27 0.095 0.005 130 2.300 2.500 21.09 31/10/2019 0.160 0.090 0.155 0.150 333628 IJM-C28 0.155 Unch 1300 2.300 2.300 20.22 31/03/2020

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

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

0.135 0.075 0.135 0.130 333629 IJM-C29 0.135 Unch 0.4 2.300 2.150 11.09 31/03/2020 0.160 0.100 0.160 0.155 333630 IJM-C30 0.160 0.005 220 2.300 2.000 7.83 29/11/2019 0.105 0.010 0.025 0.025 16626 INARI-C26 0.025 Unch 60 1.590 1.850 21.07 30/09/2019 0.180 0.050 0.110 0.105 16631 INARI-C31 0.105 Unch 845 1.590 1.280 3.62 02/08/2019 0.180 0.050 0.085 0.085 16632 INARI-C32 0.085 Unch 800 1.590 1.500 9.31 31/07/2019 0.410 0.125 0.260 0.240 16633 INARI-C33 0.240 -0.010 6.4 1.590 1.300 4.40 31/10/2019 0.120 0.040 0.055 0.055 16634 INARI-C34 0.055 0.005 599.3 1.590 1.500 8.18 31/07/2019 0.130 0.045 0.060 0.060 16636 INARI-C36 0.060 Unch 40 1.590 1.700 18.24 03/09/2019 0.180 0.040 0.090 0.085 16637 INARI-C37 0.085 -0.005 0.4 1.590 1.700 17.61 31/12/2019 0.240 0.110 0.135 0.135 16639 INARI-C39 0.135 0.010 12 1.590 1.700 23.90 29/11/2019 0.130 0.040 0.075 0.075 16640 INARI-C40 0.075 Unch 400 1.590 1.860 29.25 31/10/2019 2.010 0.710 1.050 1.030 0166WB INARI-WB 1.040 -0.020 101.9 1.590 0.533 -1.05 17/02/2020 0.070 0.015 0.020 0.020 0094WA INIX-WA 0.020 Unch 136 0.065 0.100 84.62 16/11/2020 0.265 0.030 0.040 0.030 3379WB INSAS-WB 0.040 Unch 144.1 0.730 1.000 42.47 25/02/2020 0.075 0.070 0.070 0.070 196122 IOICORP-C22 0.070 -0.005 601 4.300 4.300 6.51 31/03/2020 0.020 0.005 0.010 0.005 0024WB JAG-WB 0.010 Unch 71.9 0.045 0.150 255.56 15/11/2020 0.685 0.150 0.560 0.540 4723WB JAKS-WB 0.540 -0.015 296.5 0.760 0.640 55.26 13/12/2023 0.170 0.050 0.130 0.120 0111WC K1-WC 0.125 -0.005 1128 0.240 0.300 77.08 30/12/2021 0.315 0.140 0.215 0.215 7161WB KERJAYA-WB 0.215 Unch 14.5 1.270 1.600 42.91 28/02/2023 0.370 0.160 0.235 0.235 5027WB KMLOONG-WB 0.235 Unch 38.5 1.150 1.400 42.17 10/04/2025 0.055 0.010 0.040 0.035 7164WB KNM-WB 0.040 Unch 642.5 0.185 1.000 462.16 21/04/2020 0.090 0.010 0.050 0.050 7017WB KOMARK-WB 0.050 Unch 0.1 0.290 0.230 -3.45 21/01/2020 0.240 0.050 0.220 0.220 3794CE LAFMSIA-CE 0.220 Unch 380 3.780 3.380 12.70 07/10/2019 0.285 0.080 0.285 0.280 3794CF LAFMSIA-CF 0.285 0.010 328 3.780 2.700 9.13 28/02/2020 0.035 0.005 0.015 0.005 0018WB LAMBO-WB 0.010 Unch 26194.5 0.060 0.160 183.33 29/04/2024 0.630 0.125 0.210 0.195 9385WA LAYHONG-WA 0.200 -0.005 4335.5 0.430 0.400 39.53 13/10/2021 0.450 0.095 0.130 0.120 5789WB LBS-WB 0.130 0.010 289 0.540 0.560 27.78 04/10/2020 0.110 0.100 0.110 0.105 6633CA LHI-CA 0.105 Unch 600 1.070 1.200 29.81 26/11/2019 0.085 0.060 0.080 0.075 6633CC LHI-CC 0.075 -0.010 300 1.070 1.100 13.32 31/03/2020 0.040 0.025 0.030 0.025 6633CD LHI-CD 0.025 -0.005 465 1.070 1.350 29.67 31/03/2020 0.090 0.075 0.080 0.080 6633CI LHI-CI 0.080 -0.005 200 1.070 1.250 34.02 20/12/2019 0.140 0.115 0.130 0.125 6633CJ LHI-CJ 0.130 Unch 400 1.070 1.050 22.43 20/12/2019 0.157 0.005 0.040 0.035 7126WA LONBISC-WA 0.035 -0.005 211 0.360 0.800 131.94 26/01/2020 0.065 0.010 0.040 0.025 0140WA MACPIE-WA 0.035 0.010 11704 0.195 0.480 164.10 17/02/2021 0.295 0.135 0.200 0.165 7617WB MAGNA-WB 0.200 0.020 20.2 0.900 0.900 22.22 04/09/2020 0.145 0.060 0.070 0.065 526419 MALAKOFC19 0.070 0.010 13.5 0.850 0.800 8.12 31/07/2019 0.050 0.030 0.030 0.030 526424 MALAKOFC24 0.030 Unch 5 0.850 1.050 30.59 26/11/2019 0.275 0.100 0.120 0.105 5236WA MATRIX-WA 0.115 0.005 543.4 1.990 2.400 26.38 20/07/2020 0.080 0.045 0.065 0.060 601210 MAXIS-C10 0.060 -0.010 0.4 5.540 5.600 6.50 31/12/2019 0.150 0.140 0.145 0.140 601211 MAXIS-C11 0.140 -0.010 1440 5.540 5.280 10.47 30/04/2020 0.125 0.115 0.120 0.115 601212 MAXIS-C12 0.120 Unch 684.6 5.540 5.400 8.30 29/11/2019 0.014 0.005 — — 6012C9 MAXIS-C9 0.005 — — 0.699 5.880 744.42 17/06/2019 0.005 0.005 — — 5189WA MAXWELL-WA 0.005 — — 0.010 0.400 3,950 24/03/2020 0.065 0.025 0.030 0.025 115552 MAYBANKC52 0.030 Unch 1354.6 9.000 9.500 7.89 29/11/2019 0.095 0.085 0.085 0.085 115556 MAYBANKC56 0.085 Unch 10 9.000 9.000 6.61 29/11/2019 0.535 0.250 0.410 0.400 5152WA MBL-WA 0.400 -0.015 45.1 1.300 0.800 -7.69 28/11/2022 0.095 0.005 0.005 0.005 117117 MBSB-C17 0.005 Unch 320 0.470 1.010 116.22 31/07/2019 0.050 0.010 0.015 0.015 117121 MBSB-C21 0.015 Unch 682.9 0.970 1.100 15.34 31/12/2019 0.055 0.030 0.040 0.035 117124 MBSB-C24 0.040 0.005 1380 0.970 1.000 9.28 28/02/2020 1.940 1.010 1.400 1.360 3069WA MFCB-WA 1.360 -0.030 24.4 3.480 2.220 2.87 08/04/2020 0.570 0.125 0.410 0.400 3662WC MFLOUR-WC 0.400 -0.010 1122.9 0.735 0.680 46.94 23/01/2024 0.230 0.035 0.050 0.050 5286CD MI-CD 0.050 Unch 100 1.740 2.250 42.24 26/11/2019 0.150 0.010 0.015 0.015 5286CF MI-CF 0.015 0.005 15 1.740 2.880 68.97 30/08/2019 0.106 0.035 0.050 0.050 5576WC MINHO-WC 0.050 -0.010 3.1 0.275 0.320 34.55 02/08/2021 0.010 0.003 0.005 0.005 0085WB MLAB-WB 0.005 Unch 350 0.045 0.150 244.44 10/09/2020 0.095 0.055 0.060 0.060 0034WB MMAG-WB 0.060 Unch 900 0.215 0.200 20.93 27/11/2022 0.070 0.030 0.045 0.035 219412 MMCCORPC12 0.035 -0.005 390.1 1.070 1.200 23.60 30/09/2019 0.085 0.040 0.060 0.060 219413 MMCCORPC13 0.060 0.020 15 1.070 1.380 40.19 14/10/2019 0.035 0.005 0.010 0.010 0103WA MNC-WA 0.010 Unch 85 0.045 0.100 144.44 05/11/2021 0.265 0.085 0.180 0.180 165139 MRCB-C39 0.180 Unch 500 0.985 0.630 0.51 02/08/2019 0.375 0.115 0.235 0.230 165141 MRCB-C41 0.230 0.010 0.4 0.985 0.800 4.57 29/11/2019 0.135 0.045 0.070 0.070 165142 MRCB-C42 0.070 Unch 600 0.985 1.080 23.86 30/09/2019 0.210 0.075 0.110 0.110 165143 MRCB-C43 0.110 Unch 1310 0.985 0.950 13.20 30/09/2019 0.180 0.070 0.100 0.100 165144 MRCB-C44 0.100 Unch 50 0.985 0.900 11.68 25/09/2019 0.165 0.055 0.090 0.090 165146 MRCB-C46 0.090 Unch 140 0.985 1.000 15.23 31/01/2020 0.055 0.035 0.050 0.050 165149 MRCB-C49 0.050 Unch 1349.9 0.985 1.200 34.52 20/12/2019 0.370 0.180 0.285 0.280 1651WB MRCB-WB 0.280 -0.005 992.4 0.985 1.250 55.33 29/10/2027 0.040 0.020 0.030 0.025 0043WA MTRONIC-WA 0.025 Unch 1191.7 0.070 0.080 50.00 16/04/2022 0.200 0.050 0.100 0.100 13855 MYEG-C55 0.100 -0.010 91 1.500 1.200 0.00 28/06/2019 0.325 0.110 0.220 0.205 13857 MYEG-C57 0.215 -0.010 542.8 1.500 1.000 2.50 30/08/2019 0.215 0.060 0.130 0.125 13858 MYEG-C58 0.125 -0.005 250 1.500 1.200 5.00 02/08/2019 0.300 0.105 0.215 0.210 13859 MYEG-C59 0.215 -0.010 1355.9 1.500 0.880 1.67 30/08/2019 0.390 0.115 0.265 0.260 13860 MYEG-C60 0.260 -0.020 0.4 1.500 1.100 8.00 29/11/2019 0.220 0.075 0.135 0.135 13861 MYEG-C61 0.135 -0.005 2450 1.500 1.300 13.67 30/09/2019 0.295 0.100 0.195 0.190 13862 MYEG-C62 0.190 -0.010 74.8 1.500 1.100 5.00 17/09/2019 0.240 0.090 0.140 0.135 13863 MYEG-C63 0.140 -0.005 800 1.500 1.200 8.00 23/10/2019 0.195 0.090 0.115 0.110 13865 MYEG-C65 0.115 Unch 4864.1 1.500 1.500 21.47 30/09/2019 0.140 0.065 0.075 0.075 13867 MYEG-C67 0.075 -0.005 90 1.500 1.880 40.33 14/10/2019 0.180 0.075 0.095 0.090 13868 MYEG-C68 0.095 Unch 5330.4 1.500 1.850 37.90 31/10/2019 0.165 0.075 0.095 0.090 13869 MYEG-C69 0.090 -0.005 0.4 1.500 1.650 28.00 31/01/2020 0.090 0.070 0.080 0.080 13870 MYEG-C70 0.080 -0.005 0.5 1.500 1.900 45.33 23/12/2019 0.215 0.165 0.205 0.205 13871 MYEG-C71 0.205 -0.005 40 1.500 1.350 17.33 29/11/2019 0.305 0.210 0.225 0.220 0108WB N2N-WB 0.225 0.005 42.1 0.810 0.830 30.25 08/01/2024 0.020 0.005 — — 0096WB NEXGRAM-WB 0.005 — — 0.020 0.260 1,225 21/07/2023 0.335 0.050 0.150 0.145 7241WA NGGB-WA 0.150 0.005 349.9 0.385 0.600 94.81 18/10/2020 0.020 0.010 0.010 0.010 7139WB NICE-WB 0.010 Unch 6093 0.035 0.060 100.00 22/01/2024 0.095 0.045 0.065 0.060 7215WB NIHSIN-WB 0.060 Unch 6479.4 0.165 0.138 20.00 13/05/2022 0.190 0.060 0.085 0.080 0172WA OCK-WA 0.085 0.010 2688 0.480 0.710 65.63 15/12/2020 0.125 0.045 0.095 0.095 7071WD OCR-WD 0.095 0.005 166 0.310 0.220 1.61 18/02/2022 0.145 0.015 0.075 0.075 0079WA ORION-WA 0.075 Unch 511 0.150 0.170 63.33 26/07/2022 0.155 0.030 0.040 0.040 5053WC OSK-WC 0.040 Unch 84.2 0.910 1.200 36.26 22/07/2020 0.365 0.100 0.130 0.130 5260WA OWG-WA 0.130 0.005 50 0.495 0.800 87.88 29/09/2023 0.280 0.163 0.210 0.190 8419WA PANSAR-WA 0.210 Unch 8.4 0.500 0.630 68.00 06/06/2023 0.200 0.045 0.085 0.080 5125WA PANTECH-WA 0.085 -0.005 75.7 0.510 0.500 14.71 21/12/2020 0.190 0.060 0.095 0.095 5125WB PANTECH-WB 0.095 -0.005 17.6 0.510 0.500 16.67 21/12/2021 0.055 0.025 0.030 0.030 7225WB PA-WB 0.030 -0.005 3 0.055 0.060 63.64 17/12/2022 0.053 0.003 0.005 0.005 129527 PBBANK-C27 0.005 Unch 6.1 7.594 25.000 230.52 28/06/2019 0.220 0.160 0.195 0.190 129532 PBBANK-C32 0.195 -0.005 1319.2 23.480 23.330 7.67 29/11/2019 0.100 0.040 0.080 0.080 129533 PBBANK-C33 0.080 Unch 240 23.480 23.000 3.07 31/01/2020 0.290 0.035 0.210 0.200 6068WA PCCS-WA 0.210 0.005 1771.9 0.480 0.600 68.75 25/12/2022 0.150 0.025 0.030 0.025 518328 PCHEM-C28 0.030 Unch 270 8.330 9.700 18.43 30/08/2019 0.160 0.050 0.055 0.050 518329 PCHEM-C29 0.055 Unch 70 8.330 8.500 7.32 17/09/2019 0.115 0.025 0.025 0.025 518331 PCHEM-C31 0.025 Unch 100 8.330 9.150 11.94 31/12/2019 0.105 0.050 0.050 0.050 518332 PCHEM-C32 0.050 -0.005 137.1 8.330 9.280 16.21 31/01/2020 0.060 0.060 0.060 0.060 518333 PCHEM-C33 0.060 -0.090 10 8.330 8.880 13.09 31/01/2020 0.150 0.030 0.040 0.035 8311WC PESONA-WC 0.040 Unch 12.1 0.245 0.250 18.37 27/01/2020 2.260 0.795 1.360 1.360 7172WA PMBTECH-WA 1.360 -0.040 10 3.070 3.010 42.35 12/07/2023 0.016 0.005 — — 886922 PMETAL-C22 0.005 — — 0.619 5.100 727.95 13/06/2019 0.155 0.075 0.090 0.085 886926 PMETAL-C26 0.085 -0.010 45.7 4.410 4.600 14.91 30/09/2019 0.160 0.080 0.095 0.090 886927 PMETAL-C27 0.095 -0.005 12.2 4.410 4.300 8.28 31/12/2019 4.880 3.450 3.980 3.980 8869WC PMETAL-WC 3.980 -0.050 17 4.410 0.390 -0.91 22/08/2019 0.620 0.350 0.545 0.540 7088WB POHUAT-WB 0.545 Unch 17.6 1.570 1.000 -1.59 21/10/2020 0.240 0.010 0.035 0.025 463433 POS-C33 0.025 -0.005 831.4 1.430 2.000 43.36 31/10/2019 0.105 0.010 0.015 0.015 463434 POS-C34 0.015 Unch 300 1.430 2.380 70.63 29/11/2019 0.050 0.030 0.045 0.045 463435 POS-C35 0.045 Unch 220 1.430 1.900 45.45 20/12/2019 0.145 0.035 0.060 0.060 5070WA PRTASCO-WA 0.060 Unch 220 0.270 0.750 200.00 25/04/2023 0.095 0.010 0.070 0.060 7145WA PSIPTEK-WA 0.065 -0.005 1588.6 0.150 0.100 10.00 16/11/2019 0.150 0.035 0.040 0.035 0186WA PTRANS-WA 0.040 Unch 200.3 0.200 0.235 37.50 19/09/2020 0.155 0.045 0.050 0.045 0007WA PUC-WA 0.050 0.005 153 0.075 0.100 100.00 25/12/2024 0.415 0.120 0.205 0.205 7134WA PWF-WA 0.205 -0.020 10 0.755 0.620 9.27 20/07/2021 0.550 0.210 0.285 0.260 7237WA PWROOT-WA 0.285 0.050 28.9 1.420 1.540 28.52 24/07/2023 0.100 0.095 0.095 0.095 7084CP QL-CP 0.095 Unch 100 6.890 7.120 12.99 09/12/2019 0.135 0.045 0.045 0.045 5256WA REACH-WA 0.045 Unch 3003.2 0.205 0.750 287.80 12/08/2022 0.495 0.330 0.450 0.430 0200WA REVENUE-WA 0.440 -0.005 301.9 1.280 1.250 32.03 14/01/2024 0.200 0.055 0.090 0.090 9954WB RGTBHD-WB 0.090 Unch 50 0.165 0.100 15.15 14/05/2023 0.115 0.055 0.085 0.070 106613 RHBBANKC13 0.075 -0.010 501 5.710 5.600 4.64 29/11/2019 0.180 0.055 0.080 0.075 8567WB SALCON-WB 0.080 Unch 3189.5 0.260 0.300 46.15 19/07/2025 0.015 0.005 — — 0133WC SANICHI-WC 0.005 — — 0.050 0.630 1,170 24/09/2019 0.105 0.045 0.055 0.050 521875 SAPNRGC75 0.050 -0.005 1800 0.300 0.280 18.33 30/08/2019 0.095 0.060 0.065 0.065 521877 SAPNRGC77 0.065 -0.005 30 0.300 0.355 40.00 31/01/2020 0.180 0.085 0.115 0.110 5218WA SAPNRG-WA 0.110 -0.010 2505.6 0.300 0.490 100.00 23/01/2026 0.235 0.060 0.080 0.080 5157WA SAUDEE-WA 0.080 Unch 9.9 0.285 0.500 103.51 31/03/2021 0.255 0.030 0.050 0.035 7247WA SCGM-WA 0.035 Unch 38.1 0.930 3.960 329.57 31/07/2020 0.085 0.020 0.050 0.045 0161WA SCH-WA 0.045 -0.005 1902 0.120 0.100 20.83 04/12/2021 0.065 0.005 0.025 0.020 7158WB SCOMI-WB 0.025 0.005 5908.1 0.070 0.210 235.71 18/02/2023 0.140 0.030 0.055 0.055 0028WA SCOPE-WA 0.055 Unch 549 0.200 0.150 2.50 17/07/2020 0.095 0.020 0.035 0.030 7073WC SEACERA-WC 0.030 -0.005 285 0.225 1.000 357.78 21/01/2021 0.170 0.120 0.125 0.125 5279CT SERBADK-CT 0.125 0.005 236 4.080 4.150 13.97 31/10/2019 0.085 0.030 0.035 0.035 0055WA SERSOL-WA 0.035 -0.005 30 0.085 0.180 152.94 18/04/2023 0.170 0.040 0.050 0.045 7246WA SIGN-WA 0.045 -0.005 132 0.470 0.970 115.96 21/04/2021 0.110 0.055 0.060 0.060 419735 SIME-C35 0.060 Unch 2083 2.300 2.500 16.00 31/10/2019 0.125 0.105 0.115 0.110 419737 SIME-C37 0.110 0.005 0.4 2.300 2.200 7.61 31/03/2020 0.135 0.065 — — 5288CM SIMEPROP-CM 0.065 — — 1.060 1.150 17.69 29/11/2019 0.125 0.075 — — 7155CQ SKPRES-CQ 0.075 — — 1.310 1.350 20.23 29/11/2019 0.095 0.060 — — 7155CR SKPRES-CR 0.060 — — 1.310 1.450 24.43 26/11/2019 0.100 0.095 — — 7155CS SKPRES-CS 0.095 — — 1.310 1.380 27.10 04/11/2019 0.145 0.050 — — 9776WC SMCAP-WC 0.090 — — 0.165 0.200 75.76 29/08/2023 0.175 0.040 — — 5213WB SNTORIA-WB 0.075 — — 0.300 0.600 125.00 09/01/2025 0.150 0.060 — — 5242WA SOLID-WA 0.070 — — 0.290 0.210 -3.45 16/12/2020 0.080 0.025 0.030 0.030 0093WA SOLUTN-WA 0.030 Unch 50 0.085 0.200 170.59 04/07/2021 0.105 0.005 — — 866410 SPSETIA-C10 0.005 — — 1.100 2.800 155.91 28/06/2019 0.180 0.060 — — 866411 SPSETIA-C11 0.065 — — 2.140 2.300 16.59 25/06/2019 0.190 0.025 — — 866412 SPSETIA-C12 0.030 — — 2.140 2.300 11.68 28/06/2019 0.165 0.025 — — 866413 SPSETIA-C13 0.025 — — 2.140 2.500 20.33 31/07/2019 0.225 0.050 0.065 0.060 866414 SPSETIA-C14 0.060 -0.010 0.4 2.140 2.150 7.48 31/10/2019 0.085 0.025 — — 866416 SPSETIA-C16 0.040 — — 2.140 2.580 28.04 29/11/2019 0.070 0.040 — — 866417 SPSETIA-C17 0.040 — — 2.140 2.400 19.63 14/10/2019 0.130 0.040 — — 0129WA SRIDGE-WA 0.040 — — 0.200 0.180 10.00 24/02/2023 0.185 0.095 0.135 0.135 0080WA STRAITS-WA 0.135 0.005 791 0.230 0.115 8.70 10/08/2022 0.040 0.005 — — 1201WA SUMATEC-WA 0.005 — — 0.010 0.320 3,150 03/03/2021 0.110 0.050 — — 5263CU SUNCON-CU 0.095 — — 2.000 1.880 8.25 28/06/2019 0.110 0.075 — — 5263CW SUNCON-CW 0.075 — — 2.000 2.080 15.25 07/10/2019 0.350 0.035 0.080 0.075 3743WA SUNSURIA-WA 0.080 -0.005 33.7 0.690 1.500 128.99 22/07/2020 0.115 0.115 — — 5211CT SUNWAY-CT 0.115 — — 1.710 1.700 12.87 31/03/2020 0.450 0.210 0.405 0.370 5211WB SUNWAY-WB 0.395 0.025 761.2 1.710 1.790 27.78 03/10/2024 0.115 0.020 — — 0148WB SUNZEN-WB 0.030 — — 0.115 0.250 143.48 25/02/2021 0.225 0.005 0.035 0.030 710655 SUPERMX-C55 0.035 Unch 295.8 1.690 1.750 7.69 31/07/2019 0.260 0.045 0.100 0.085 710659 SUPERMX-C59 0.100 0.005 455.2 1.690 1.500 3.55 30/08/2019 0.170 0.010 — — 710660 SUPERMX-C60 0.010 — — 1.690 1.900 13.91 25/06/2019

Main Market & Ace Market Warrants

MarketsG L O B A L M A R K E T S . B U R S A M A L A Y S I A E Q U I T Y D E R I V A T I V E S

THURSDAY JUNE 13, 2019 • THEED G E FINANCIAL DAILY 2 9

Please refer to the Bursa Malaysia website for the prices of loan stocks, bonds and overseas structure warrants

China — Stocks fall on weak factory infl ation, trade war worries

SHANGHAI: China stocks fell yesterday after the previous session’s rally, as weak factory infl ation data and prospects of an escalation in the US-China trade war curbed risk appetite. Th e blue-chip CSI 300 Index fell 0.8% to 3,691.1 points, while the Shanghai Composite Index lost 0.6% to 2,909.38 points. China’s factory gate infl ation slowed amid sluggish commodity demand and faltering manufacturing activity, reinforcing worries about slowing economic growth. In a sign that trade tensions could intensify, US President Donald Trump on Tuesday defended the use of tariff s as part of his trade strategy, while China vowed a tough response if the US insists on escalating trade tensions. Shares in real estate companies fell on worries about the sector’s health, after the city of Enshi made moves to stabilise property prices. Bucking weakness in the broader market, rare earth stocks jumped after news that China launched a survey of rare earth resources in seven regions on Monday, amid speculation that Beijing may curb exports of the materials to the US. Chengdu Galaxy Magnets Co Ltd and China Northern Rare Earth Group High-Tech Co led the gains. Major rare earth producers including

China Minmetals Rare Earth Co Ltd, Xiamen Tungsten Co Ltd, Rising Nonferrous Metals Share Co Ltd and Shenghe Resources Holding Co Ltd also advanced. Hong Kong’s financial markets came under pressure yesterday, with stocks falling and demand for cash surging, as protesters clashed with police during a mass demonstration against legislation that would allow citizens to be extradited to China. Tens of thousands of protesters had gathered peacefully in the Chinese-ruled city to protest against the extradition bill. But as tempers fl ared, riot police fi red multiple volleys of tear gas at demonstrators who threw plastic bottles in running battles outside the city’s legislature. Some businesses shut and workers walked out on strike, a rarity in Hong Kong, to support the protest. Th e Hang Seng Index closed 1.7% lower, having lost as much as 1.71%, while Chinese companies in Hong Kong ended down 1.2%. Th at compared with losses of less than 0.6% in Shanghai and Asia ex-Japan.

Europe — China stimulus, German rally help European stock end higher

MILAN: European stocks fi nished higher for a third day on Tuesday, as German shares caught up with a global stock rally after a holiday on easing trade tensions, while fresh stimulus for China’s slowing economy boosted the basic resources sector.

The pan-European STOXX 600 Index closed at its highest level since May 17, with miners, auto stocks and chemical companies tacking on biggest gains after reports that Beijing was opening the door to more spending by local governments. Trading after Whit Monday holiday, Germany’s trade-sensitive DAX Index rose 0.9%, helped by gains in carmakers BMW, Daimler and Volkswagen AS. Shares in industrial conglomerate Th yssenKrupp, which generates about €$1 billion in Mexico, jumped 4.8% to the top of the DAX. “Th e Bank of China came out with some measures for stimulus and therefore some of the more cyclical stocks are bouncing off oversold levels,” said Will James, senior investment director for European equities at Aberdeen Standard Investments. “All these stocks had a challenging May and one of the reasons for the markets’ delayed reaction is quite a lot of markets in Europe were closed yesterday.” European stocks have climbed over 4% from their early June lows on positive trade headlines and the prospect of interest rate cuts by the US Federal Reserve. Worries about the impact of tensions between the US and China on the pace of growth in the world’s major economies sent European stocks down about 6% in May, their worst month in more than two years. Investors are now betting that the US central bank will ease monetary policy to

counter any global slowdown from the trade wars between the world’s major economies. US President Donlad Trump said on Monday he was ready to impose another round of punitive tariff s on Chinese imports if he cannot make progress in trade talks with Chinese President Xi Jinping at the Group of 20 summit. “The prospect of potential loosening of policy to avert a further scale down of the global economy, that’s the reason why there has been a bit of a sentiment shift in European markets,” James added. Madrid’s bank-heavy IBEX was a laggard, after Morgan Stanley lowered its earnings estimates for Spanish banks for 2020 and 2021, factoring in a fl atter yield curve as a result of the European Central Bank’s swing towards taking new steps to reduce interest rates. Helping Copenhagen-listed shares up 2.5%, Novo Nordisk rose 5.2% as data on cardiovascular outcomes from competitor Eli Lilly’s diabetes drug was seen as underwhelming. Hugo Boss rose 4.3% after shares in the German fashion house were upgraded to “equal-weight” from “underweight” by Morgan Stanley for the luxury retailer’s strategic plan to reposition the brand under two labels. Limiting gains on London’s FTSE midcap index, fashion retailer Ted Baker tumbled 29% after it issued a lower annual profit forecast, citing an “extremely diffi cult” start to 2019. — Reuters

Shanghai CompositeIndex points

3,087.842

Mar 1, 2010 June 12, 20191900

2875

3850

4825

58002,909.38

-16.34(-0.56%)

Hang SengIndex points

21,056.93

Mar 1, 2010 June 12, 2019

27,308.46-480.88

(-1.73%)

15820

20315

24810

29305

33800

Euro STOXX 50 IndexIndex points

2,772.70

Mar 1, 2010 June 11, 2019

3,401.10+14.65

(+0.43%)1960

2445

2930

3415

3900

Dow JonesIndex points

10,403.79

Mar 1, 2010 June 11, 2019

26,048.51-14.17

(-0.05%)9600

14075

18550

23025

27500

Bursa Malaysia Equity Derivatives

0.019 0.005 — — 710661 SUPERMX-C61 0.005 — — 0.340 2.000 492.65 13/06/2019 0.110 0.025 0.065 0.060 710662 SUPERMX-C62 0.065 Unch 200 1.690 1.950 25.00 30/09/2019 0.075 0.040 — — 710663 SUPERMX-C63 0.055 — — 1.690 2.080 31.21 30/09/2019 0.095 0.065 — — 710664 SUPERMX-C64 0.095 — — 1.690 1.700 14.64 17/09/2019 0.115 0.080 — — 710665 SUPERMX-C65 0.100 — — 1.690 1.700 15.38 23/10/2019 0.115 0.055 0.115 0.115 710666 SUPERMX-C66 0.115 0.010 0.1 1.690 1.700 14.20 31/12/2019 0.125 0.070 0.115 0.110 710667 SUPERMX-C67 0.115 Unch 3310.4 1.690 1.600 11.69 30/09/2019 0.140 0.115 — — 710668 SUPERMX-C68 0.135 — — 1.690 1.480 11.54 31/01/2020 0.200 0.110 0.195 0.195 710669 SUPERMX-C69 0.195 Unch 45 1.690 1.450 8.88 28/02/2020 0.115 0.105 — — 710670 SUPERMX-C70 0.105 — — 1.690 1.800 22.04 23/12/2019 0.230 0.055 — — 7186WB SWSCAP-WB 0.065 — — 0.530 0.900 82.08 19/07/2023 0.080 0.005 — — 7082WB SYF-WB 0.005 — — 0.200 0.700 252.50 11/11/2019 0.063 0.020 — — 1538WB SYMLIFE-WB 0.030 — — 0.415 0.790 97.59 11/11/2020 0.415 0.050 0.390 0.380 6139CC TAKAFUL-CC 0.390 -0.005 227 6.850 4.600 1.31 29/11/2019 0.445 0.120 — — 6139CD TAKAFUL-CD 0.435 — — 6.850 4.400 2.34 29/11/2019 0.295 0.065 0.280 0.265 6139CE TAKAFUL-CE 0.265 -0.020 587.8 6.850 5.300 0.58 31/01/2020 0.190 0.125 0.170 0.165 6139CF TAKAFUL-CF 0.165 -0.005 33 6.850 6.800 13.72 26/11/2019 0.180 0.120 — — 8524CE TALIWRK-CE 0.125 — — 0.925 0.865 13.78 29/11/2019 0.050 0.015 0.015 0.015 2429WB TANCO-WB 0.015 Unch 55 0.045 0.050 44.44 23/08/2021 0.165 0.015 0.020 0.020 7200WA TEKSENG-WA 0.020 Unch 30 0.215 0.250 25.58 29/01/2020 0.190 0.005 — — 534750 TENAGA-C50 0.005 — — 3.887 14.400 272.01 28/06/2019 0.140 0.005 0.015 0.010 534751 TENAGA-C51 0.015 0.010 971.2 12.540 14.000 12.84 30/08/2019 0.053 0.005 — — 534752 TENAGA-C52 0.005 — — 1.535 15.500 913.03 25/06/2019 0.105 0.010 — — 534753 TENAGA-C53 0.020 — — 12.540 14.400 16.71 02/08/2019 0.125 0.010 0.040 0.030 534754 TENAGA-C54 0.040 0.010 3189.1 12.540 13.800 12.60 23/10/2019 0.095 0.035 0.065 0.055 534755 TENAGA-C55 0.065 Unch 4818.4 12.540 13.000 10.41 30/09/2019 0.190 0.105 — — 534756 TENAGA-C56 0.160 — — 12.540 12.700 11.48 29/11/2019 0.105 0.030 0.080 0.070 534757 TENAGA-C57 0.080 0.005 4548 12.540 12.600 6.86 31/01/2020 0.165 0.100 0.145 0.125 534758 TENAGA-C58 0.145 0.005 2882.3 12.540 12.500 11.24 23/12/2019 0.460 0.100 0.235 0.225 7252WA TEOSENG-WA 0.230 Unch 3191.7 1.120 1.350 41.07 29/01/2020 1.700 0.705 0.990 0.975 7034WA TGUAN-WA 0.990 0.020 28.5 2.520 1.500 -1.19 09/10/2019 0.141 0.045 0.060 0.060 7889WB THRIVEN-WB 0.060 Unch 30 0.225 0.480 140.00 05/10/2020 0.025 0.005 0.015 0.015 7079WC TIGER-WC 0.015 Unch 343.9 0.060 0.320 458.33 11/02/2021 0.165 0.050 0.150 0.125 486333 TM-C33 0.150 0.020 954.2 3.740 3.000 0.27 28/06/2019 0.185 0.005 0.180 0.160 486334 TM-C34 0.180 0.025 561.2 3.740 3.200 0.00 31/07/2019 0.535 0.115 0.535 0.505 486337 TM-C37 0.525 0.025 50.8 3.740 2.150 -0.40 30/09/2019 0.210 0.070 — — 486338 TM-C38 0.210 — — 3.740 2.500 -5.08 17/06/2019 0.200 0.065 0.200 0.185 486340 TM-C40 0.200 0.015 6930 3.740 3.100 6.95 23/10/2019 0.125 0.035 0.125 0.110 486341 TM-C41 0.120 0.010 7884.5 3.740 3.500 9.63 30/09/2019 0.135 0.050 — — 486342 TM-C42 0.130 — — 3.740 3.580 13.10 04/11/2019 0.265 0.170 0.265 0.245 486343 TM-C43 0.260 0.020 51.6 3.740 2.800 2.67 31/03/2020 0.315 0.195 0.315 0.300 486344 TM-C44 0.315 0.025 2036.7 3.740 2.680 5.35 30/04/2020 0.275 0.240 0.275 0.255 486345 TM-C45 0.275 0.015 485 3.740 2.950 8.29 20/12/2019 0.115 0.005 — — 0101WB TMCLIFE-WB 0.005 — — 0.375 0.750 101.33 21/06/2019 0.330 0.065 — — 7285WA TOMYPAK-WA 0.085 — — 0.510 0.930 99.02 21/06/2021 0.180 0.005 — — 711341 TOPGLOV-C41 0.005 — — 2.265 6.000 166.00 28/06/2019 0.138 0.005 — — 711343 TOPGLOV-C43 0.005 — — 2.495 5.880 136.67 17/06/2019 0.145 0.010 — — 711344 TOPGLOV-C44 0.015 — — 5.050 6.600 32.33 31/07/2019 0.160 0.070 0.090 0.090 711345 TOPGLOV-C45 0.090 -0.005 110 5.050 4.600 3.56 31/07/2019 0.160 0.055 — — 711346 TOPGLOV-C46 0.065 — — 5.050 5.300 12.03 31/07/2019 0.180 0.080 — — 711347 TOPGLOV-C47 0.105 — — 5.050 5.200 13.37 30/08/2019 0.100 0.055 — — 711348 TOPGLOV-C48 0.085 — — 5.050 5.000 9.11 29/11/2019 0.175 0.120 — — 711349 TOPGLOV-C49 0.160 — — 5.050 5.000 14.85 30/09/2019 0.120 0.085 — — 711350 TOPGLOV-C50 0.115 — — 5.050 5.300 16.34 17/09/2019 0.160 0.105 0.140 0.140 711351 TOPGLOV-C51 0.140 -0.005 50 5.050 4.880 10.50 30/09/2019 0.245 0.180 — — 711352 TOPGLOV-C52 0.235 — — 5.050 4.280 8.02 30/09/2019 0.180 0.140 — — 711353 TOPGLOV-C53 0.170 — — 5.050 4.800 13.56 26/11/2019 0.120 0.085 — — 711354 TOPGLOV-C54 0.110 — — 5.050 4.480 10.50 31/01/2020 0.200 0.140 — — 711355 TOPGLOV-C55 0.180 — — 5.050 4.500 6.93 28/02/2020 0.260 0.080 0.110 0.105 7173WB TOYOINK-WB 0.105 -0.005 107.7 0.650 1.500 146.92 06/11/2023

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

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

0.270 0.110 0.190 0.190 7176WA TPC-WA 0.190 Unch 100 0.385 0.200 1.30 19/01/2021 0.015 0.005 — — 0118WB TRIVE-WB 0.005 — — 0.015 0.090 533.33 28/08/2020 0.120 0.010 0.015 0.010 5401WA TROP-WA 0.010 Unch 692.6 0.865 1.000 16.76 06/12/2019 0.120 0.030 — — 5042WB TSRCAP-WB 0.035 — — 0.440 0.700 67.05 28/12/2020 0.085 0.020 — — 514864 UEMS-C64 0.020 — — 0.860 0.880 6.98 28/06/2019 0.140 0.040 — — 514865 UEMS-C65 0.070 — — 0.860 0.750 3.49 28/06/2019 0.105 0.025 — — 514866 UEMS-C66 0.025 — — 0.860 0.880 8.14 28/06/2019 0.115 0.065 — — 514867 UEMS-C67 0.065 — — 0.860 0.950 21.80 31/10/2019 0.110 0.095 — — 514868 UEMS-C68 0.095 — — 0.860 0.865 22.67 31/03/2020 0.024 0.004 — — 458811 UMW-C11 0.005 — — 1.375 6.100 345.82 28/06/2019 0.260 0.090 0.125 0.120 458813 UMW-C13 0.125 0.005 0.4 5.410 4.700 0.74 30/08/2019 0.240 0.140 — — 458814 UMW-C14 0.145 — — 5.410 4.880 6.28 17/06/2019 0.260 0.075 0.110 0.100 458815 UMW-C15 0.110 0.010 20 5.410 4.800 0.92 28/06/2019 0.160 0.030 — — 458816 UMW-C16 0.030 — — 5.410 5.800 10.54 25/06/2019 0.160 0.025 — — 458817 UMW-C17 0.025 — — 5.410 6.300 18.85 31/07/2019 0.013 0.005 — — 500515 UNISEM-C15 0.005 — — 2.470 3.300 34.62 17/06/2019 0.090 0.030 0.040 0.030 0060WB VC-WB 0.035 0.005 633 0.160 0.150 15.63 06/05/2024 0.125 0.020 — — 524326 VELESTO-C26 0.020 — — 0.285 0.320 15.79 28/06/2019 0.120 0.075 0.085 0.080 524327 VELESTO-C27 0.085 Unch 240 0.285 0.210 12.46 30/09/2019 0.070 0.065 — — 524328 VELESTO-C28 0.070 — — 0.285 0.380 67.72 30/04/2020 0.140 0.050 0.105 0.100 5243WA VELESTO-WA 0.105 0.005 813.3 0.285 0.395 75.44 18/10/2024 0.760 0.410 0.490 0.480 7240WA VERTICE-WA 0.490 Unch 13.1 0.860 0.500 15.12 31/03/2024 0.355 0.100 0.135 0.120 0120WB VIS-WB 0.120 -0.005 124 0.365 0.750 138.36 16/11/2022 0.160 0.010 — — 0097CM VITROX-CM 0.010 — — 7.100 8.000 14.37 28/06/2019 0.017 0.005 — — 0069WC VIVOCOM-WC 0.005 — — 0.020 0.070 275.00 22/01/2020 0.005 0.001 — — 0069WD VIVOCOM-WD 0.005 — — 0.020 0.070 275.00 08/07/2020 0.015 0.005 0.005 0.005 0069WE VIVOCOM-WE 0.005 -0.005 66 0.020 0.050 175.00 22/08/2023 0.670 0.310 0.470 0.460 7070WC VIZIONE-WC 0.460 -0.005 259.5 0.980 0.700 18.37 05/02/2022 0.135 0.050 — — 696310 VS-C10 0.055 — — 1.020 1.200 31.13 31/07/2019 0.205 0.140 — — 696311 VS-C11 0.140 — — 1.020 0.880 13.73 30/08/2019 0.100 0.055 — — 696312 VS-C12 0.055 — — 1.020 1.380 51.47 30/09/2019 0.125 0.080 — — 696313 VS-C13 0.085 — — 1.020 1.100 32.84 23/10/2019 0.085 0.045 — — 696314 VS-C14 0.050 — — 1.020 1.450 57.35 31/10/2019 0.185 0.085 0.100 0.100 696315 VS-C15 0.100 -0.005 100 1.020 1.080 25.49 29/11/2019 0.105 0.070 — — 696316 VS-C16 0.070 — — 1.020 1.200 34.80 14/10/2019 0.170 0.160 0.170 0.165 696318 VS-C18 0.165 Unch 1285 1.020 0.950 25.49 31/01/2020 0.200 0.120 — — 6963C8 VS-C8 0.195 — — 1.020 0.770 23.28 30/08/2019 0.170 0.095 — — 6963C9 VS-C9 0.105 — — 1.020 0.880 12.01 02/08/2019 0.085 0.065 — — 967917 WCT-C17 0.085 — — 1.020 1.050 27.94 09/12/2019 0.140 0.095 0.140 0.130 967918 WCT-C18 0.130 -0.010 1220 1.020 0.935 17.16 30/04/2020 0.120 0.085 0.120 0.105 967919 WCT-C19 0.105 -0.010 130 1.020 1.100 26.37 20/12/2019 0.220 0.045 0.115 0.110 9679WE WCT-WE 0.110 -0.010 3551.6 1.020 2.080 114.71 27/08/2020 0.180 0.095 0.150 0.140 0197WA WEGMANS-WA 0.140 Unch 1868.5 0.320 0.300 37.50 13/01/2022 0.180 0.070 0.075 0.070 0162WA WIDAD-WA 0.075 Unch 327 0.240 0.350 77.08 05/08/2023 0.195 0.095 — — 5246CY WPRTS-CY 0.125 — — 3.850 3.350 0.00 30/08/2019 0.125 0.085 — — 5246CZ WPRTS-CZ 0.095 — — 3.850 4.180 17.21 14/10/2019 0.240 0.070 0.095 0.090 7245WA WZSATU-WA 0.095 0.005 118.5 0.210 0.380 126.19 28/10/2024 0.030 0.005 0.010 0.010 5156WD XDL-WD 0.010 Unch 70 0.085 0.180 123.53 17/01/2022 0.010 0.005 — — 5155WA XINQUAN-WA 0.005 — — 0.055 0.880 1,509 24/06/2019 0.025 0.015 — — 5155WB XINQUAN-WB 0.015 — — 0.055 0.400 654.55 27/03/2021 0.150 0.100 — — 7003WA Y&G-WA 0.100 — — 0.910 1.000 20.88 16/11/2019 0.205 0.095 0.190 0.170 7293CW YINSON-CW 0.170 -0.015 370.5 5.170 4.350 0.58 31/12/2019 0.130 0.095 — — 7293CX YINSON-CX 0.095 — — 5.170 5.280 11.32 07/10/2019 0.135 0.065 0.120 0.115 7293CY YINSON-CY 0.115 0.005 109.6 5.170 4.750 5.22 14/10/2019 0.060 0.005 — — 7020WB YKGI-WB 0.015 — — 0.100 0.500 415.00 28/05/2020 0.980 0.085 0.105 0.100 7066WA YONGTAI-WA 0.100 -0.010 211.7 0.335 0.500 79.10 24/06/2020 0.180 0.145 — — 467725 YTL-C25 0.180 — — 1.130 1.100 13.27 29/11/2019 0.150 0.080 — — 467726 YTL-C26 0.095 — — 1.130 1.180 21.24 31/03/2020 0.060 0.055 — — 467727 YTL-C27 0.055 — — 1.130 1.280 23.01 09/12/2019 0.085 0.020 — — 6742C6 YTLPOWR-C6 0.020 — — 0.840 0.950 16.67 31/07/2019 0.040 0.040 — — 6742C7 YTLPOWR-C7 0.040 — — 0.840 1.000 28.57 17/09/2019 0.125 0.080 — — 6742C8 YTLPOWR-C8 0.080 — — 0.840 0.900 16.67 29/11/2019

Main Market & Ace Market Warrants

MarketsI N S I D E R M O V E S . T R A D I N G T H E M E S . E V E N T S . F O R E X

THURSDAY JUNE 13, 2019 • THEEDGE FINANCIAL DAILY 3 0

ALLIANCE BANK MALAYSIA 469,200 EMPLOYEES PROVIDENT FUND BOARD 196,389,840 4/6ASTRO MALAYSIA (1,297,900) EMPLOYEES PROVIDENT FUND BOARD 431,270,700 7/6AXIS REAL ESTATE (26,000) EMPLOYEES PROVIDENT FUND BOARD 201,363,131 4/6INVESTMENT TRUSTBREM HOLDING 136,200 CLASSICAL GLORY 48,635,770 7 & 10/6BUMI ARMADA (4,615,900) EMPLOYEES PROVIDENT FUND BOARD 300,370,100 4/6CYPARK RESOURCES 233,800 AMANAHRAYA TRUSTEE 27,000,000 7/6 - AMANAH SAHAM BUMIPUTERADIALOG GROUP (1,961,800) KUMPULAN WANG PERSARAAN 284,431,367 10/6 (DIPERBADANKAN)DIALOG GROUP (2,593,400) EMPLOYEES PROVIDENT FUND BOARD 491,099,516 4/6DIGI.COM 180,000 EMPLOYEES PROVIDENT FUND BOARD 1,067,236,030 4/6DRB-HICOM (210,000) EMPLOYEES PROVIDENT FUND BOARD 179,537,697 29/5EXCEL FORCE MSC (2,627,200) BRAHMAL VASUDEVAN 11/6FRASER & NEAVE (10,000) EMPLOYEES PROVIDENT FUND BOARD 38,823,530 4/6GABUNGAN AQRS 178,000 KUMPULAN WANG PERSARAAN 27,574,842 10/6 (DIPERBADANKAN)GENTING PLANTATIONS (114,900) KUMPULAN WANG PERSARAAN 44,674,800 10/6 (DIPERBADANKAN)GLOMAC 177,400 DATUK SERI FATEH ISKANDAR 302,589,001 11/6 TAN SRI DATO MOHAMED MANSORHARTALEGA (1,000,000) EMPLOYEES PROVIDENT FUND BOARD 217,176,400 4/6HONG LEONG BANK (169,000) EMPLOYEES PROVIDENT FUND BOARD 256,083,372 4/6IGB REAL ESTATE (128,200) EMPLOYEES PROVIDENT FUND BOARD 368,789,266 4/6INVESTMENT TRUSTIJM CORPORATION 1,470,500 EMPLOYEES PROVIDENT FUND BOARD 562,145,518 4/6IOI PROPERTIES GROUP 2,847,000 EMPLOYEES PROVIDENT FUND BOARD 384,091,032 4/6KAREX 220,000 GOH MIAH KIAT 304,851,097 10/6KELINGTON GROUP 40,000 KUMPULAN WANG PERSARAAN 16,312,600 10/6 (DIPERBADANKAN) KOSSAN RUBBER INDUSTRIES (130,600) EMPLOYEES PROVIDENT FUND BOARD 89,493,800 30/5 & 3/6KPJ HEALTHCARE 2,313,000 EMPLOYEES PROVIDENT FUND BOARD 492,527,780 4/6KUALA LUMPUR KEPONG (62,100) EMPLOYEES PROVIDENT FUND BOARD 129,317,588 4/6MALAYAN BANKING 450,000 EMPLOYEES PROVIDENT FUND BOARD 1,399,827,196 4/6MAXIS 261,700 EMPLOYEES PROVIDENT FUND BOARD 876,503,414 4/6MCT (6,839,790) TAN SRI DATO’ SRI GOH MING CHOON 10/6MISC (5,646,800) EMPLOYEES PROVIDENT FUND BOARD 287,190,011 27 - 30/5MMC CORPORATION (80,000) EMPLOYEES PROVIDENT FUND BOARD 161,818,600 4/6NESTLE (M) (38,700) EMPLOYEES PROVIDENT FUND BOARD 17,680,800 3/6PANASONIC MANUFACTURING 16,100 KUMPULAN WANG PERSARAAN 3,565,100 7 & 10/6MALAYSIA (DIPERBADANKAN)PELIKAN INTERNATIONAL 1,021,500 LOO HOOI KEAT 96,966,951 7 & 11/6CORPORATIONPENTAMASTER CORPORATION (896,600) KUMPULAN WANG PERSARAAN 26,434,900 10/6 (DIPERBADANKAN)PETRONAS CHEMICALS GROUP 39,200 EMPLOYEES PROVIDENT FUND BOARD 635,885,800 4/6PETRONAS DAGANGAN (168,100) EMPLOYEES PROVIDENT FUND BOARD 57,907,000 4/6POS MALAYSIA (459,800) EMPLOYEES PROVIDENT FUND BOARD 71,219,888 4/6PPB GROUP (53,900) EMPLOYEES PROVIDENT FUND BOARD 163,972,294 4/6PUBLIC BANK 236,200 EMPLOYEES PROVIDENT FUND BOARD 483,399,800 4/6RGT 2,944,000 SEE TECK WAH 97,898,691 10/6SERBA DINAMIK 507,800 KUMPULAN WANG PERSARAAN 101,523,100 10/6 (DIPERBADANKAN) SERBA DINAMIK 57,600 EMPLOYEES PROVIDENT FUND BOARD 102,329,400 4/6SIME DARBY 4,000,000 KUMPULAN WANG PERSARAAN 434,795,749 31/5 (DIPERBADANKAN)SIME DARBY 175,200 AMANAHRAYA TRUSTEE 2,819,711,100 30/5 - AMANAH SAHAM BUMIPUTERASIME DARBY (4,938,000) EMPLOYEES PROVIDENT FUND BOARD 694,097,575 29 31/5 3 & 4/6SIME DARBY PLANTATION 5,570,900 KUMPULAN WANG PERSARAAN 349,137,278 10/6 (DIPERBADANKAN)STAR MEDIA GROUP (15,000) EMPLOYEES PROVIDENT FUND BOARD 66,985,200 4/6SYARIKAT TAKAFUL MALAYSIA (300,000) EMPLOYEES PROVIDENT FUND BOARD 70,928,500 4/6KELUARGATELEKOM MALAYSIA (3,000,000) EMPLOYEES PROVIDENT FUND BOARD 618,828,700 4/6TENAGA NASIONAL (25,600) KUMPULAN WANG PERSARAAN 304,076,975 10/6 (DIPERBADANKAN)TOP GLOVE CORPORATION (856,300) EMPLOYEES PROVIDENT FUND BOARD 165,785,422 4/6TOP GLOVE CORPORATION (1,585,200) KUMPULAN WANG PERSARAAN 126,786,400 10/6 (DIPERBADANKAN)UMW 35,000 EMPLOYEES PROVIDENT FUND BOARD 128,955,335 4/6UZMA (2,500,000) KUMPULAN WANG PERSARAAN 26,452,400 10/6 (DIPERBADANKAN) VELESTO ENERGY (3,779,700) PERMODALAN NASIONAL 1,122,193,559 4 & 7/6WAH SEONG CORPORATION 68,700 MIDVEST ASIA 43,386,436 10/6YINSON (272,600) KUMPULAN WANG PERSARAAN 111,867,900 10/6 (DIPERBADANKAN)YINSON (219,800) EMPLOYEES PROVIDENT FUND BOARD 136,821,900 4/6

COMPANY SHARES ACQUIRED DIRECTOR/SUBSTANTIAL SHARES HELD TRANSACTION (DISPOSED) SHAREHOLDER AFTER CHANGE DATE

Insider moves (Filings on June 11, 2019)Insider Moves show what substantial shareholders are doing with their stakes, which could be a signal of their views on the company’s outlook.

Note: Run your fi nger down the left-hand side until you reach the country of origin you plan to exchange. Then move your fi nger until that line intersects with the vertical column of the currency you wish to buy. The fi gure is how much you will get. The above rates are subject to change and provided by Thompson Reuters.

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

NZ $ 0.581 0.658 0.654 0.517 0.875 0.898 0.898 0.947 2.7373 4.552 55.595 4.340 2.417 9,363 45.606 71.275 5.683 34.168 2.395 2.468 6.210 20.556 5.146

EURO 1.721 1.133 1.126 0.889 1.506 1.545 1.545 1.630 4.7116 7.836 95.693 7.470 4.160 16,117 78.499 122.682 9.781 58.811 4.123 4.248 10.689 35.382 8.858

US $ 1.520 0.883 0.994 0.785 1.330 1.364 1.364 1.439 4.1600 6.918 84.490 6.596 3.673 14,230 69.309 108.319 8.636 51.926 3.641 3.750 9.437 31.240 7.821

SWISS FR 1.529 0.888 1.006 0.790 1.338 1.373 1.373 1.448 4.1855 6.961 85.008 6.636 3.695 14,317 69.734 108.983 8.689 52.244 3.663 3.773 9.495 31.431 7.869

STERLING £ 1.936 1.125 1.274 1.266 1.694 1.738 1.738 1.833 5.2994 8.813 107.631 8.402 4.679 18,128 88.292 137.987 11.001 66.148 4.638 4.777 12.022 39.796 9.963

CANADA $ 1.143 0.664 0.752 0.747 0.590 1.026 1.026 1.082 3.1283 5.203 63.536 4.960 2.762 10,701 52.120 81.456 6.494 39.048 2.738 2.820 7.097 23.492 5.882

BRUNEI $ 1.114 0.647 0.733 0.729 0.575 0.975 1.000 1.055 3.0492 5.071 61.930 4.835 2.692 10,430 50.802 79.396 6.330 38.061 2.668 2.749 6.917 22.898 5.733

SINGAPORE $ 1.114 0.647 0.733 0.729 0.575 0.975 1.000 1.055 3.0492 5.071 61.930 4.835 2.692 10,430 50.802 79.396 6.330 38.061 2.668 2.749 6.917 22.898 5.733

AUSTRALIA $ 1.056 0.614 0.695 0.691 0.545 0.924 0.948 0.948 2.8908 4.808 58.712 4.583 2.552 9,888 48.163 75.271 6.001 36.084 2.530 2.606 6.558 21.709 5.435

MALAYSIA RM 0.365 0.212 0.240 0.239 0.189 0.320 0.328 0.328 0.346 1.0000 1.663 20.310 1.586 0.883 3,421 16.661 26.038 2.076 12.482 0.875 0.902 2.269 7.510 1.880

100 CHINESE RMB 21.967 12.762 14.454 14.366 11.347 19.221 19.720 19.720 20.800 60.1300 1,221 95.337 53.088 205,685 1,001.816 1,566 124.829 750.555 52.621 54.208 136.411 451.552 113.050

100 BANGLAD’H TAKA 1.799 1.045 1.184 1.176 0.929 1.574 1.615 1.615 1.703 4.9237 8.188 7.807 4.347 16,842 82.032 128.204 10.221 61.458 4.309 4.439 11.170 36.975 9.257

100 DANISH KRONER 23.041 13.386 15.161 15.069 11.902 20.161 20.684 20.684 21.818 63.0710 104.89 1,281 55.684 215,745 1,050.82 1,642 130.93 787.27 55.19 56.86 143.08 473.64 118.58

100 UAE DIRHAM 41.378 24.040 27.227 27.061 21.373 36.207 37.146 37.146 39.181 113.2651 188.37 2,300 179.58 387,443 1,887 2,949 235.14 1,414 99.12 102.11 256.95 850.57 212.95

1000 INA RUPIAH 0.011 0.006 0.007 0.007 0.006 0.009 0.010 0.010 0.010 0.0292 0.049 0.594 0.046 0.026 0.487 0.761 0.061 0.365 0.026 0.026 0.066 0.220 0.055

100 INDIA RUPEE 2.193 1.274 1.443 1.434 1.133 1.919 1.968 1.968 2.076 6.0021 9.982 121.903 9.516 5.299 20,531 156.284 12.460 74.919 5.253 5.411 13.616 45.073 11.285

100 JAPAN YEN 1.403 0.815 0.923 0.918 0.725 1.228 1.260 1.260 1.329 3.8405 6.387 78.001 6.089 3.391 13,137 63.986 7.973 47.938 3.361 3.462 8.713 28.841 7.221

100 NORWEGIAN KRONER 17.598 10.224 11.579 11.509 9.090 15.398 15.798 15.798 16.663 48.1700 80.110 978 76.374 42.529 164,774 802.552 1,254 601.268 42.155 43.426 109.279 361.737 90.564

100 PHILIPPINE PESO 2.927 1.700 1.926 1.914 1.512 2.561 2.627 2.627 2.771 8.0114 13.323 162.712 12.702 7.073 27,404 133.477 208.603 16.632 7.011 7.222 18.175 60.162 15.062

100 QATAR RIYAL 41.746 24.253 27.469 27.301 21.563 36.528 37.475 37.475 39.529 114.2700 190.038 2,321 181.177 100.887 390,880 1,904 2,975 237.222 1,426 103.016 259.233 858.121 214.838

100 SAUDI RIYAL 40.523 23.543 26.665 26.502 20.932 35.458 36.378 36.378 38.372 110.9245 184.474 2,253 175.872 97.934 379,437 1,848 2,888 230.277 1,385 97.072 251.644 832.998 208.549

100 SWEDISH KRONOR 16.103 9.356 10.596 10.532 8.318 14.091 14.456 14.456 15.248 44.0800 73.308 895.269 69.889 38.918 150,783 734.410 1,148 91.509 550.216 38.575 39.739 331.023 82.875

100 THAI BAHT 4.865 2.826 3.201 3.182 2.513 4.257 4.367 4.367 4.606 13.3163 22.146 270.455 21.113 11.757 45,551 221.861 346.733 27.644 166.217 11.653 12.005 30.209 25.036

100 HK$ 19.431 11.289 12.786 12.708 10.037 17.002 17.444 17.444 18.399 53.1888 88.456 1,080.270 84.332 46.960 181,942 886.170 1,385 110.419 663.914 46.547 47.950 120.664 399.426

STOCK HIGH LOW CLOSE VOLUME (RM) (RM) (RM) ('000)

TONGHER 2.740 2.690 2.690 185.7D&O 0.605 0.580 0.585 2374.3GOODWAY 0.170 0.170 0.170 20GENP-CI 0.075 0.075 0.075 150PCHEM-C28 0.030 0.025 0.030 270HSI-H6I 0.010 0.010 0.010 25BSTEAD 1.110 1.070 1.070 837.2DOMINAN-WA 0.035 0.035 0.035 21.3GLOMAC 0.355 0.345 0.350 645.8MBG 0.780 0.770 0.770 3IOICORP-C22 0.070 0.070 0.070 601GLOTEC 0.425 0.415 0.425 916.7HPMT 0.580 0.495 0.500 71187.3PCHEM-C29 0.055 0.050 0.055 70AIRASIAC85 0.220 0.215 0.220 817PCHEM-C32 0.050 0.050 0.050 137.1HSI-H8C 0.825 0.795 0.825 7PRG 0.605 0.570 0.605 496TEXCYCL 0.460 0.425 0.460 28

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.

STOCK HIGH LOW CLOSE VOLUME (RM) (RM) (RM) ('000)

ALSREIT 0.940 0.920 0.935 253.2TM-C37 0.535 0.505 0.525 50.8TM-C41 0.125 0.110 0.120 7884.5SCOMNET 1.060 0.985 1.040 3323TM-C43 0.265 0.245 0.260 51.6SUPERMX-C66 0.115 0.115 0.115 0.1SMTRACK 0.190 0.180 0.190 16577.9TM-C40 0.200 0.185 0.200 6930TM-C44 0.315 0.300 0.315 2036.7TM-C45 0.275 0.255 0.275 485SCIB 1.100 1.020 1.050 861.4GOLDETF 1.820 1.820 1.820 0.5BONIA 0.360 0.335 0.335 1741.1IJM-C30 0.160 0.155 0.160 220GAMUDA-C69 0.175 0.175 0.175 80HUMEIND-LA 1.810 1.700 1.790 262.8HUMEIND 1.400 1.300 1.390 2341TADMAX 0.300 0.280 0.290 5511.4LHI-CA 0.110 0.105 0.105 600WCT-C19 0.120 0.105 0.105 130

This table shows stocks that are trading near their year high. This could suggest a build-up in buying momentum, or the possibility that profi t-taking activities could set in later.

Trading themes

Stocks closest to year high Stocks closest to year low

China’s seaborne coal imports versus Indonesia price

Local event to watch out for today

While every eff ort is made to ensure accuracy, the information presented is not an exhaustive list and is not an offi cial record of shareholder fi lings. Direct and indirect share are combined due to space constraints. Readers who are interested should check the offi cial fi lings fi led with Bursa Malaysia. Note: * denotes Ace Market

US spending on pets climbed over the past decade

• Nil

Seaborne coal imports from vessel-tracking data versus Argus Indonesia.

As US shoppers continue to splurge on their pets, the market is expected to garner about US$75 billion this year.

MarketsF 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

3 1

THURSDAY JUNE 13, 2019 • THEED G E FINANCIAL DAILY

Index futures

FUTURES FAIR VALUECONTRACT DAYS TO EXPIRY KLIBOR DIVIDEND FAIR VALUE

FUTURES ROLL OVER BID OFFER CLOSE

JUN/JUL 1.5 1.0 1.5

INDEX AND FUTURES OPEN CHANGE INCONTRACT LAST CHANGE VOLUME INTEREST OPEN INTEREST

Money market

Commodities

JUN/JUL -15JUN/AUG -17JUN/SEP -27JUL/AUG -2

CPO FUTURES INDICATIVE ROLL-OVER

CPO/SOYOIL FUTURES BASIS (USD)CURRENT -97.853 MONTHS AVERAGE -112.206 MONTHS AVERAGE -113.23

OPEN CHANGE INCONTRACT LAST CHANGE VOLUME INTEREST OPEN INTEREST

JUN-19 1,951 -33 — 2,051 -178JUL-19 1,968 -36 2,680 14,607 -4,984AUG-19 1,971 -35 22,156 69,077 -2,201SEP-19 1,980 -38 12,770 47,123 1,794OCT-19 1,995 -39 5,990 27,640 -12

Palm oil tracks soyoil weakness to hit lowest level in a month

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

Oil falls over 2% on weaker demand growth

METAL & PRECIOUS METALSTIN US$/TON KLTM 19,150 UNCHCOPPER USC/IBS CMX 2.6410 -0.0320GOLD US$/TROY OZ CMX 1,335.60 7.30PLATINUM US$/TROY OZ NYMEX 815.70 1.40PALLADIUM US$/TROY OZ NYMEX 1,391.00 1.80SILVER USC/TROY OZ CMX 14.77 0.03ALUMINIUM RMB/TON SHF 13,930 -20ZINC RMB/TON SHF 20,245 -50

ENERGYLIGHT CRUDE OIL US$/BBL NYMEX 51.78 -1.49HEATING OIL USC/GAL NYMEX 1.8025 -0.0264NATURAL GAS US$/MMBTU NYMEX 2.390 -0.003BRENT CRUDE US$/BBL ICE 60.72 -1.57GAS OIL US$/TON ICE 551.50 -7.75

CRUDE PALM OIL RM/TON MDEX 1,971 -33RUBBER SEN/KG MRB 636.50 -6.00CORN USC/BSH CBOT 426.25 -1.50SOYBEANS USC/BSH CBOT 856.50 -2.75WHEAT USC/BSH CBOT 519.00 1.00LIVE CATTLE USC/IBS CME 106.83 0.53COCOA US$/TON NYBOT 2,535 31COFFEE USC/IBS NYBOT 99.80 0.30SUGAR USC/IBS NYBOT 12.80 -0.03COTTON USC/IBS NYC 65.44 0.40

AGRICULTURE UNIT EXCHANGE LAST PRICE CHANGE

Rubber - M’sia SMR 20

Sen/Kg

Jan 7, 2007 June 12, 2019

200

625

1050

1475

1900

636.50(-6.00)

SGS & ITS EXPORT ESTIMATES (TONNES)SHIPMENT DAYS

1 - 10TH DAYS1 - 15TH DAYS1 - 20TH DAYS1 - 25TH DAYSFULL MONTH

MAR’19 APR’19 MAY’19

412/453 526/481 560/551 697/677 744/687 774/785 925/909 940/892 992/970 1,261/1,158 1,278/1,261 1,387/1,366 1,577/1,546 1,585/1,576 1,688/1,688

MALAYSIAN PALM OIL BOARD

PRODUCTIONEXPORT STOCKS

FKLI

Index points Open Interest

Jan 4, 2010

2000

24000

46000

68000

90000

1200

1395

1590

1785

19801,652.50

(+4.00)

June 12, 2019

Klibor

Implied interest rate (%)

Oct 1, 2000

3.60(Unch)

June 12, 20191.5

2.5

3.5

4.5

Centrifuged Latex

Sen/Kg

Jan 7, 2007

501.00(-2.50)

June 12, 2019

300

500

700

900

1100

CPO futures

FBM KLCI futures

JUN9 96.40 — — —JUL9 96.40 — — —SEP9 96.40 — — —DEC9 96.40 — — —MAR0 96.40 — — —JUN0 96.40 — — —SEP0 96.40 — — —DEC0 96.40 — — —MAR1 96.40 — — —JUN1 96.40 — — —SEP1 96.40 — — —DEC1 96.40 — — —MAR2 96.40 — — —JUN2 96.40 — — —SEP2 96.40 — — —DEC2 96.40 — — —MAR3 96.40 — — —JUN3 96.40 — — —SEP3 96.40 — — —DEC3 96.40 — — —MAR4 96.40 — — —JAN-00 — — — —TOTAL 0 0

MONTH SETTLEMENT CHANGE VOLUME OPEN PRICE INTEREST

Klibor

Malaysian palm oil futures fell by over 2% yesterday to hit their lowest levels in a month, triggered by weakness in US soyoil prices on the US Chicago Board of Trade (CBoT). Palm oil prices were earlier traded within a range, with the competing forces of expectations for bullish industry data and weakness in soyoil and crude oil prices. Malaysia’s palm oil stockpiles at the end of May dropped 10.3% from the previous month to 2.45 million tonnes, industry regulator the Malaysian Palm Oil Board said yesterday. Production in May rose 1.3% month-on-month to 1.67 million tonnes. Exports climbed 3.5% from April to 1.71 million tonnes last month, the MPOB data showed. The benchmark palm oil contract for August delivery on Bursa Malaysia Derivatives was last down 1.8% at RM1,971 per tonne, its sharpest daily decline in a week. It earlier fell as much as 2.1% to RM1,964, its lowest level since May 13. “Market gains earlier were capped by weaker external markets,” a futures trader, referring to CBoT, adding that the market’s subsequent decline was due to sharper soyoil falls. Th e CBoT July soybean oil contract, which had fallen 0.6% on Tuesday, was down 0.8%. Th e September soyoil contract on the China’s Dalian Commodity Exchange (DCE) fell 1% and the DCE September palm oil contract eased 1.1%. — Reuters

FEB’19 MAR’19 APR’19 MAY’19

1,545 1,672 1,649 1,671 1,321 1,618 1,651 1,712 3,045 2,917 2,729 2,447

MPOB FFB REF PRICE (MILL GATE PRICE)

NORTH 20.00% 382 19.00% 363 18.00% 344SOUTH 20.00% 393 19.00% 373 18.00% 354CENTRAL 20.00% 390 19.00% 370 18.00% 351EAST COAST 20.00% 383 19.00% 364 18.00% 345SABAH 22.00% 374 21.00% 357 20.00% 339SARAWAK 22.00% 377 21.00% 359 20.00% 342

REGION GRADE A GRADE B GRADE C OER (RM/TON) OER (RM/TON) OER (RM/TON)

(IN RM/TON) JUN’19 JUL’19 AUG’19

CPO DELD 1,976.00 NO TRADE NO TRADEPK EX-MILL NO TRADE NO TRADE NO TRADECPKO DELD NO TRADE NO TRADE NO TRADERBD P.OIL FOB NO TRADE NO TRADE NO TRADERBD P.OLEIN FOB NO TRADE NO TRADE NO TRADERBD P. STEARIN FOB NO TRADE NO TRADE NO TRADE

MPOB palm oil physical

Oil prices fell more than 2% yesterday, weighed down by a weaker outlook for demand and a rise in US crude inventories despite expectations of extended supply cuts led by Opec. Brent crude futures were down US$1.57 or 2.47% at US$60.72 a barrel. US West Texas Intermediate crude futures were down US$1.49 or 2.74% at US$51.78. T h e U S E n e r g y I n f o r m a t i o n Administration cut its forecasts for 2019 world oil demand growth and US crude production on Tuesday. A surprise increase in US crude stockpiles also kept oil prices under pressure. “Yesterday’s (Tuesday) bout of paralysis is giving way to a fresh slide in prices as market players fret over a swelling glut in US oil stockpiles,” brokerage fi rm PVM said in a daily note. — Reuters

Commodities

trade talks dampened the trading sentiment. — Reuters

CPO & Open Interest

CPO RM/tonne Open Interest

Jan 6, 2008 June 12, 2019

10000

57500

105000

152500

200000

1200

1950

2700

3450

4200

(-36)1,971

CPO vs Soyoil

CPO RM/tonne Soyoil US$/Ibs

Jan 6, 2008 June 12, 2019

0.273(RM 2,501 /tonne)

1,971(-36)

0.000

0.175

0.350

0.525

1100

2425

3750

5075

6400 0.700

Th e US dollar fell yesterday as rising trade tensions between Washington and Beijing and growing bets on a US interest rate cut sapped investor demand for the currency. Against a basket of other currencies, the US dollar edged 0.1% lower to 96.64 and just above a 2½-month low of 96.46 reached last week. Th e US dollar has suff ered a setback after the latest escalation of the US-China trade, which analysts fear could tip the global economy into recession. Th ose fears have grown as recent data have pointed to a global economic slowdown. Chinese factory inflation slowed in May and US Federal Reserve offi cials have become increasingly cautious. That has fuelled expectations of US rate cuts, a shift from a few months. — Reuters

Perfect storm” for US dollar as bets on rate cuts grow

The FBM KLCI futures contracts on Bursa Malaysia Derivatives closed higher yesterday, despite the weaker performance of the underlying cash market. June 2019 and December 2019 added four points each to 1,652.5 and 1,645.5 respectively, July 2019 rose 5.5 points to 1,654; and September 2019 gained 2.5 points to 1,647. Turnover increased to 7,243 lots from 6,442 lots on Tuesday, while open interest widened to 32,522 contracts from 31,442 contracts previously. Th e benchmark KLCI eased 0.46 of a point to fi nish the day at 1,650.74. Most Southeast Asian stock markets fell yesterday, with Vietnam taking the biggest hit, as fears of slowing growth in China and dwindling hopes of progress in US-China

KLCI futures close higher despite weaker cash market

Crude Oil

US$/bbl

Apr 10, 2007 June 12, 2019

51.78(-1.49)

20.00

53.75

87.50

121.25

155.00

Gold

US$/troy oz

Aug 31, 2008 June 12, 2019

700

1020

1340

1660

1980

1,335.60(+7.30)

Long Rolls - KLCI futures

Index points

Jan 4, 2010

1.50(+1.00)

June 12, 2019

-35.00

-21.75

-8.50

4.75

18.00

US Dollar

USD Index

Oct 2, 2006

71.0

79.5

88.0

96.5

105.0

96.731(+0.045)

June 12, 2019

FBMKLCI 1,650.74 -0.46 114.4M JUN 19 1,652.50 4.00 6,854 31,324 380JUL 19 1,654.00 5.50 310 639 187SEP 19 1,647.00 2.50 47 423 -4DEC 19 1,645.50 4.00 32 136 1TOTAL 7,243 32,522 564

JUN 19 17 2.31 2.52 -0.21JUL 19 50 7.07 2.96 4.11ROLL’S FAIR 4.32

THURSDAY JUNE 13, 2019 • THEEDGE FINANCIAL DAILY 3 2

Markets Y O U R D A I L Y F I N A N C I A L M A R K E T S R O U N D U P

RESEARCH: TAI TS [tai@bizedge.com]

CONTRACT SETTLEMENT CHANGE HIGH LOW

KLCI CHANGE CLOSE VOLUME POINTS (RM) (RM) ('000)IHH HEALTHCARE 1.09 0.080 5.680 8023.1TENAGA NASIONAL 0.53 0.060 12.540 9258.2GENTING 0.42 0.070 6.620 3180.7MISC 0.28 0.040 7.200 2353.3GENTING MALAYSIA 0.19 0.020 3.220 6598.3MAYBANK 0.18 0.010 9.000 4193.1PETRONAS DAGANG -0.15 -0.100 25.480 406.2PRESS METAL -0.19 -0.030 4.410 534.6HONG LEONG BANK -0.20 -0.060 18.920 898.8SIME DARBY PLANTATION -0.21 -0.020 4.550 15645.2CIMB GROUP -0.30 -0.020 5.300 2690.7HARTALEGA -0.31 -0.060 5.200 2587.2PETRONAS GAS -0.37 -0.120 17.800 351.9PETRONAS CHEMICAL -0.50 -0.040 8.330 5641.8RHB BANK -0.50 -0.080 5.710 5004.7MAXIS -0.61 -0.050 5.540 1061.0SUB-TOTAL -0.67 OTHERS 0.21 GRAND TOTAL -0.46

1,653.00 1,641.00 1,654.00 1,642.50 1,648.50 1,638.00

Market movers

DOW JONES 26,048.51 -14.17S&P 500 2,885.72 -1.01NASDAQ 100 7,513.85 11.92FTSE 100 7,398.45 22.91AUSTRALIA 6,543.70 -2.60CHINA 2,909.38 -16.34HONG KONG 27,308.46 -480.88INDIA 39,756.81 -193.65

INDONESIA 6,276.18 -29.82JAPAN 21,129.72 -74.56KOREA 2,108.75 -3.06PHILIPPINES 8,030.98 -14.41SINGAPORE 3,207.74 -1.84TAIWAN 10,615.66 7.90THAILAND 1,671.11 0.70VIETNAM 954.17 -7.90

CLOSE CHANGE CLOSE CHANGE

World equity indices

TURNOVER CHANGE CHANGE PRICE PE DIVIDEND (‘000) (RM) (%) (RM) RATIO YIELD (%)

Daily top 20 active stocks

DIN045801028 100.500 1.000BAT 29.500 0.300AJI 17.680 0.280CHINTEK 6.800 0.220MPI 8.880 0.150QL 6.890 0.150PENTA 4.250 0.140HSI-6U 1.220 0.140TM 3.740 0.130HSI-H6R 0.810 0.115HSI-H6Z 0.915 0.095HUMEIND 1.390 0.090

UTDPLT 26.060 -0.500HEIM 23.540 -0.300HSI-C5M 1.210 -0.190BIPORT 4.900 -0.160HSI-C5L 0.800 -0.155HSI-C5K 0.420 -0.125ORIENT 6.650 -0.120PETGAS 17.800 -0.120HSI-C5H 0.140 -0.115CHOOBEE 1.470 -0.110RAPID 5.750 -0.110BHIC 1.150 -0.110

Top gainers and losers (ranked by RM)

 HSI-H6H 0.020 300.00TENAGA-C51 0.015 200.00DBE-WB 0.010 100.00HSI-H6J 0.060 71.43MMCCORPC13 0.060 50.00MI-CF 0.015 50.00NICE 0.035 40.00MACPIE-WA 0.035 40.00HSI-H6N 0.215 34.38IMPIANA 0.040 33.33GENTINGC58 0.020 33.33TENAGA-C54 0.040 33.33

HSI-H6I 0.010 -84.62ECOFIRS-WC 0.005 -66.67PCHEM-C33 0.060 -60.00VIVOCOM-WE 0.005 -50.00FBMKLCI-C5R 0.005 -50.00HAPSENG-CX 0.010 -50.00HSI-C5H 0.140 -45.10HSI-C5G 0.025 -37.50FBMKLCI-C5W 0.010 -33.33HSI-C5J 0.170 -32.00HSI-C5N 0.050 -28.57HSI-C7A 0.075 -28.57

UP CHANGE CLOSE (%)

DOWN CHANGE CLOSE (%)

UP CHANGE CLOSE (RM)

DOWN CHANGE CLOSE (RM)

Top gainers and losers (ranked by%age)

FBM KLCI & KLCI futures intraday

Daily FBM KLCI

FBM KLCI sensitivity*

FBM KLCI futures

HSI-H6H 0.020 300.00TENAGA-C51 0.015 200.00DBE-WB 0.010 100.00HSI-H6J 0.060 71.43MMCCORPC13 0.060 50.00MI-CF 0.015 50.00NICE 0.035 40.00MACPIE-WA 0.035 40.00HSI-H6N 0.215 34.38GENTINGC58 0.020 33.33TENAGA-C54 0.040 33.33GTRONIC-CV 0.045 28.57

HSI-H6I 0.010 -84.62ECOFIRS-WC 0.005 -66.67PCHEM-C33 0.060 -60.00VIVOCOM-WE 0.005 -50.00FBMKLCI-C5R 0.005 -50.00HAPSENG-CX 0.010 -50.00HSI-C5H 0.140 -45.10HSI-C5G 0.025 -37.50FBMKLCI-C5W 0.010 -33.33HSI-C5J 0.170 -32.00HSI-C5N 0.050 -28.57HSI-C7A 0.075 -28.57

UP CHANGE CLOSE (%)

DOWN CHANGE CLOSE (%)

Top gainers and losers - warrants (ranked by%age)

HSI-H6P 73,081 17.86 0.050 0.330 0.335 0.280HPMT 71,187 0.00 0.000 0.500 0.580 0.495HSI-C5J 57,372 -32.00 -0.080 0.170 0.240 0.165HSI-C5P 55,695 -19.35 -0.060 0.250 0.295 0.240MACPIE 42,421 8.33 0.015 0.195 0.220 0.180HSI-H6N 34,192 34.38 0.055 0.215 0.220 0.170HSI-H6Q 27,228 19.51 0.080 0.490 0.500 0.420LAMBO-WB 26,195 0.00 0.000 0.010 0.015 0.005LAYHONG 12,901 -4.44 -0.020 0.430 0.455 0.430MACPIE-WA 11,704 40.00 0.010 0.035 0.040 0.025BAHVEST-WA 11,693 4.71 0.020 0.445 0.450 0.430OCK 10,492 3.23 0.015 0.480 0.495 0.470TM-C41 7,885 9.09 0.010 0.120 0.125 0.110DSONIC-WA 7,566 5.88 0.005 0.090 0.095 0.085TM-C40 6,930 8.11 0.015 0.200 0.200 0.185HSI-C5S 6,785 -28.00 -0.035 0.090 0.120 0.090

STOCK VOLUME CHANGE CHANGE CLOSE HIGH LOW ('000) (%) (RM) (RM) (RM) (RM)

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.

UNUSUAL MARKET ACTIVITIES

* How stock price changes affected the index on the previous trading day

Moving average - 20-dayKL Composite Index

Volume (’mil)

Jan 2, 2008 June 12, 2019

1,650.74(-0.46)

1,623.17

820.0

1122.5

1425.0

1727.5

2030.0

0

300

600

900

1640.0

1641.3

1642.6

1643.9

1645.2

1646.5

1647.8

1649.1

1650.4

1651.7

1653.0

17:1516:3015:3014:3012:4511:3010:309:308:45

Index point

KL Composite Index

KLCI futures

1,652.50(+4.00)

1,650.74(-0.46)

Published by The Edge Communications Sdn Bhd (266980-X) Level 3, Menara KLK, No 1, Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, Selangor, Malaysia.Printed by Ultimate Print Sdn Bhd (62208-H) Lot 2, Jalan Sepana 15/3, Off Persiaran Selangor, Seksyen 15, 40200 Shah Alam, Selangor, Malaysia.

JUN 19 1,652.50 4.00JUL 19 1,654.00 5.50SEP 19 1,647.00 2.50

Ambition can creep as well as soar.— Edmund Burke

HSI-H6P 73,080.6 0.015 4.76 0.330 — 0.00HPMT 71,187.3 -0.060 -10.71 0.500 — 0.00HSI-C5J 57,372.0 -0.015 -8.11 0.170 — 0.00HSI-C5P 55,694.5 -0.005 -1.96 0.250 — 0.00MACPIE 42,420.8 0.015 8.33 0.195 — 0.00EKOVEST 34,586.8 UNCH UNCH 0.830 15.06 1.20HSI-H6N 34,191.6 0.010 4.88 0.215 — 0.00IWCITY 30,232.2 0.025 2.65 0.970 — 0.00HSI-H6Q 27,227.9 0.020 4.26 0.490 — 0.00LAMBO-WB 26,194.5 UNCH UNCH 0.010 — 0.00SAPNRG 25,704.6 -0.010 -3.23 0.300 — 2.44LAMBO 24,594.1 UNCH UNCH 0.060 6.06 0.00TM 18,932.0 0.130 3.60 3.740 44.79 0.55BAHVEST 17,369.5 0.020 2.90 0.710 156.82 0.00SMTRACK 16,577.9 0.010 5.56 0.190 — 0.00DAYANG 16,525.5 -0.050 -4.55 1.050 5.99 0.00HUBLINE 16,427.2 UNCH UNCH 0.045 34.62 0.00ARMADA 16,192.7 UNCH UNCH 0.210 — 1.07SIMEPLT 15,645.2 -0.020 -0.44 4.550 58.44 2.25SCOMI 15,325.3 0.005 7.69 0.070 — 0.00

1,650.74 0.46 4,448.95 44.75 3,207.74 1.84 21,129.72 74.56 27,308.46 480.88 26,048.51 14.171,650.74 0.46 4,448.95 44.75 3,207.74 1.84 21,129.72 74.56 27,308.46 480.88 26,048.51 14.17KLCI FBM ACE FTSTI NIKKEI HANG SENG DOW JONES1,650.74 0.46 4,448.95 44.75 3,207.74 1.84 21,129.72 74.56 27,308.46 480.88 1,650.74 0.46 4,448.95 44.75 3,207.74 1.84 21,129.72 74.56 27,308.46 480.88

KUALA LUMPUR: Th e FBM KLCI fi nished 0.46 point or 0.03% lower yesterday at 1,650.74 amid persisting US-China trade war concerns and as mass protests in Hong Kong dented markets. Analysts said weaker crude oil prices had also sidelined investors. Malacca Securities Sdn Bhd senior analyst Kenneth Leong told theedgemarkets.com that the KLCI retreated amid negative performances across Asian stock indices, bogged down by the prolonged US-China trade standoff , besides Hong Kong’s mass protests, during which protesters clashed with police in demonstration against laws that would allow citizens to be extradited to China. “Back home (in Malaysia), the lack of fresh catalysts and weakness in crude oil prices sent investors retreating to the sidelines with trading volume below the two billion mark,” Leong said. At 5pm, the KLCI pared losses at 1,650.74 after falling to its intraday low at 1,642.11. Across Bursa Malaysia, turnover stood at 1.76 billion shares worth RM1.61 billion amid weaker crude oil prices. Reuters reported that oil prices fell nearly 2% yesterday, weighed down by a weaker demand outlook and a rise in US crude inventories despite growing expectations of ongoing Opec-led supply cuts. It was reported that Brent crude futures, the international benchmark for oil prices, were down US$1.16 or 1.86% at US$61.13 a barrel by 0616 GMT. — by Tan Xue Ying

FBM KLCI lower as HK protests, trade war dent sentiment

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

I N S I D E R M O V E S . T R A D I N G T H E M E S . E V E N T S . F O 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