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TUESDAY JUNE 20, 2017 ISSUE 2434/2017





2 1 F E AT U R E

MBSB, AFB submit merger plan for Bank Negara approval

Maxis seeks to raise RM1.64b via private placement

AirAsia X not fl ying to Europe as Fernandes says ultra-long-haul fl ights not relevant

After 18 weeks of buying foreign investors sold RM99.6m last week

How a blockbuster starring Jho Low is dwarfi ng even Hollywood

AmBank chief sees more room for consolidation of smaller banks4 H O M E B U S I N E S S

Felda, FGV review needed amid declining performances

of both — PMO. Adam Aziz has the story on Page 3.

FFelldda FFGGVV reviiew needdedd

ISA OUTOF FGVwhile Najib

directs probe into CEO, CFO

to continue

FGV’s new acting chairman Tan Sri Dr Sulaiman Mahbob

THE EDGE FILE PHOTO

2 TUESDAY JUNE 20, 2017 • THEEDGE FINANCIAL DAILY

Volvo V40 facelift launched; T5 Inscription priced at RM180,888

For breaking news updates go towww.theedgemarkets.com

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GE14: Will it be about the economy?

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Volvo Car Malaysia network and product director Akhtar Sulaiman (left) and Stegland at the launch of the new Volvo V40 yesterday. Photo by Shahrin Yahya

KUALA LUMPUR: Volvo Car Ma-laysia Sdn Bhd has launched the new face of the Volvo V40, which will bring the popular hatchback visually closer to its new 90 series.

“In Malaysia, the V40 is our best-selling model after the XC90 model, making it a very important car for the company. We hope that the new updates in the T5 Inscription will make this very successful model even more attractive to customers within this segment,” Volvo Car Malaysia managing director Len-nart Stegland told reporters at the launch yesterday.

Th e most prominent feature of the new Volvo V40, said Stegland, is the new Inscription grille mesh cradling the new Volvo Iron Mark and the Th or’s Hammer headlights, giving the enhanced model a “con-fi dent look”.

“In terms of the overall product off er, this is the best value-for-mon-ey package that a customer could get in this segment,” he said.

“Be it in terms of performance, safety and convenience features, the T5 Inscription is hard to beat,”

SINGAPORE: Singapore Prime Min-ister Lee Hsien Loong has apologised to Singaporeans over the ongoing private dispute between him and his two younger siblings, according to a report by Th e Business Times.

In a statement yesterday evening, he said that Singaporeans have been “disturbed and confused” by the dis-pute over the 38 Oxley Road home that his late father, former prime min-ister Lee Kuan Yew, lived in.

“I deeply regret that this dispute has aff ected Singapore’s reputation and Singaporeans’ confidence in the government,” he said, added Th e Business Times.

“As your prime minister, I apolo-gise to you for this. And as the eldest

of the siblings, it grieves me to think of the anguish that this would have caused our parents if they were still alive,” Lee said.

As much as he would like to move on and “end a most unhappy experi-ence” for Singaporeans, he said the “baseless accusations” against the gov-ernment cannot be left unanswered.

Th e prime minister announced that he would deliver a ministerial statement when parliament sits on July 3 to refute the charges levelled against him by his siblings Lee Hsien Yang and Lee Wei Ling.

Th e Business Times said he has also instructed that the People’s Ac-tion Party (PAP) party whip be lifted, with all members of parliament hav-

ing the opportunity to raise questions for themselves and their constituents.

“I urge all MPs (members of par-liament), including the non-PAP MPs, to examine the issues thorough-ly, and question me and my cabinet colleagues vigorously. I hope that this full, public airing in parliament will dispel any doubts that have been planted and strengthen confi dence in our institutions and our system of government,” said Lee.

He assured the nation that the matter would not distract him and the cabinet from their responsibili-ty to govern, and to deal with more important national issues including the pressing economic and security challenges.

Singapore PM apologisesHe regrets harm caused by dispute with siblings

he added.Th e model retails at an on-the-

road price of RM180,888, includ-ing the goods and services tax but without insurance.

Th e new model is available in four colours: Ice White, Onyx Black, Osmium Grey and Luminous Sand.

“We will also release the V40 T4 at a later date,” Stegland added.

Stegland declined to comment

on whether there could be a pos-sible tie-up with Volvo Car Ma-laysia’s parent, Geely Automobile Holdings Ltd.

“Th at question is best directed at them,” he added.

Last month, conglomerate DRB-Hicom Bhd sold its 49.9% stake in loss-making Proton Holdings Bhd to China-based Zhejiang Geely Holding Group Co Ltd.

KUALA LUMPUR: Yinson Hold-ings Bhd’s net profit surged 169% to RM60.29 million for the first financial quarter ended April 30, 2017 (1QFY18) from RM22.38 mil-lion a year ago, mainly due to higher revenue from the marine business, lower net unfavourable foreign exchange movement of RM10.17 million, and higher con-tribution from joint ventures (JVs) and associates of RM3.55 million.

The improvements were pri-marily set off by impairment loss on investment properties of RM2.92 million and higher tax expenses of RM4.87 million.

Earnings per share grew to 5.54 sen in 1QFY18 from 2.05 sen in 1QFY17.

Quarterly revenue jumped 49.4% to RM172.41 million from RM115.4 million in 1QFY17.

In a filing with Bursa Malaysia yesterday, Yinson said its marine segment saw a RM56.72 million increase in revenue amid higher marine business and the stronger US dollar, which had also sup-ported the segment’s profit con-tribution.

The share of results of JVs increased RM3.04 million to RM26.91 million, from RM23.87 million a year ago, also support-ed by the appreciation of the US dollar against the ringgit.

On prospects, Yinson said the short- to medium-term outlook in the oil and gas sector remains challenging and uncertain due to protracted oversupply.

In a separate statement, Yin-son group executive chairman Lim Han Weng, said that since the streamlining of its business operations as a full-fledged float-ing production, storage and off-loading company, the group has been taking serious measures to fortify its operational efficiencies in terms of costing and manage-ment, which have led the group’s growth in a profitable and sus-tainable manner.

Yinson 1QFY18 profi t surges 169%, on higher marine contribution

YAN, Kedah: Using mobile phones while driving has caused 35% of ac-cidents in Kedah, said state police chief Datuk Asri Yusoff . “Th is could also slow down traffi c as it could distract a person behind the wheel,” he told reporters after launching the Kedah-level integrated oper-ations, dubbed “Op Selamat” in conjunction with the Aidilfi tri cel-ebration at the Guar Chempedak police station near here yesterday. Asri also reminded members of the public to inform the police via the “Balik Kampung” information form to ensure the safety of their homes, before travelling back to their hometowns to celebrate Ai-dilfi tri. — Bernama

‘35% of accidents caused by drivers on the phone’

KUALA LUMPUR: Wintoni Group Bhd said a police report has been lodged against its former director, Datuk Tey Por Yee, who it alleges may have caused RM53 million to be unaccounted for or misappro-priated from the group.

“Th e police were requested to investigate the potential wrongdo-

Wintoni fi les police report against ex-director Tey Por Yeeings under the Penal Code and An-ti-Money Laundering and Anti-Ter-rorism Act,” Wintoni said in a fi ling with Bursa Malaysia yesterday.

Tey held a 4.5% stake in Wintoni as at Nov 16, 2016, according to the group’s 2015 annual report.

Tey has been taken to court by other companies in which he held directorships. He was a director and substantial shareholder of Protas-

co Bhd, which he left following a boardroom tussle and charges of fraud involving RM68 million.

On April 7, Ire-Tex Corp Bhd an-nounced that it had taken legal ac-tion against Tey as a former direc-tor and substantial shareholder for allegedly paying RM11.5 million to Future Rank Sdn Bhd despite knowing that there was no proper purpose for making such payment.

H O M E B U S I N E S S 3TUESDAY JUNE 20, 2017 • THEED G E FINANCIAL DAILY

Isa out of FGV, Najib wants probe into CEO, CFO to continue‘Felda, FGV review needed amid declining performances of both’

MBSB, AFB submit merger plan for Bank Negara Malaysia approval

BY A D A M A Z I Z

BY A D E L I N E PAU L R A J

KUALA LUMPUR: As Prime Minis-ter Datuk Seri Najib Razak’s offi ce (PMO) revealed that there are rea-sonable grounds for Felda Global Ventures Holdings Bhd (FGV) to ini-tiate disciplinary proceedings against its chief executive offi cer (CEO) and chief financial officer (CFO) over alleged management improprie-ties, FGV chairman Tan Sri Mohd Isa Abdul Samad volunteered to take himself out of the picture while Na-jib directed the plantation giant to continue its probe into the actions of the duo.

According to a Bernama report, Najib said Mohd Isa voluntarily re-linquished his position in FGV after Najib met him with former minister in the Prime Minister’s Department, Datuk Seri Idris Jala, to discuss FGV’s future and Mohd Isa’s role.

“Mohd Isa voluntarily agreed to relinquish his position as FGV chair-man. In appreciation of Mohd Isa’s role, I agreed to appoint him the act-ing SPAD (the Land Public Transport Commission) chairman,” he said after attending an event yesterday.

The news came after the PMO released a statement that Mohd Isa has been appointed to head SPAD, while Tan Sri Dr Sulaiman Mahbob will take on the role of acting chair-man at FGV “to uphold the integrity, spirit of impartiality of the ongoing inquiry, and ensuring proper cor-porate governance of FGV and DOP (Delima Oil Products Sdn Bhd)”.

Asked why Sulaiman was chosen as acting chairman, Najib said: “Th is is until we make a fi nal decision. We needed a quick change. If a new per-son is appointed by the board, it will take a while. We want FGV to operate uninterrupted.” Sulaiman, 68, is an independent non-executive director of FGV as well as chairman of Tele-kom Malaysia Bhd.

DOP, a subsidiary of FGV, is at the centre of alleged accounting ir-regularities at FGV in relation to the

KUALA LUMPUR: Felda Global Ven-tures Holdings Bhd’s (FGV) new act-ing chairman Tan Sri Dr Sulaiman Mahbob said the board of directors will fi nd ways to improve the com-pany’s financial performance. Su-laiman, 68, replaced Tan Sri Mohd Isa Abdul Samad who relinquished his post yesterday.

“Firstly, I would like to thank the prime minister (Datuk Seri Na-

jib Razak) for trusting me with this post. Together with the board mem-bers, we will work towards earning his trust, especially [in] FGV’s corporate governance,” he said, adding that all measures taken by Mohd Isa with regard to the investigations would be continued until the objective is ob-tained. Sulaiman, who is also Telekom Malaysia Bhd chairman, said FGV would improve its business model to

ensure its continued competitiveness and to make profi ts.

Prior to his appointment, Su-laiman, who is also an FGV board member, served the government for 38 years in various capacities, includ-ing as director-general of the Econom-ic Planning Unit, Prime Minister’s Department, secretary-general of the then domestic trade and consumer aff airs ministry, and undersecretary

(economics) of the fi nance ministry. He was chairman of Malaysian Indus-trial Department Authority and was on the board of National Petroleum Corp, Federal Land Development Authority (Felda) and the Companies Commission of Malaysia.

Felda chairman Tan Sri Shahrir Abdul Samad hailed Sulaiman’s ap-pointment as a positive move, saying Sulaiman is highly knowledgeable

and experienced about Felda matters. “Th e switch between Sulaiman and Tan Sri [Mohd] Isa Samad would give a continuity to Felda’s role, aside from ensuring Felda’s voice and spirit are well heard. I hope with the change in the upper management, FGV will be able to improve on important matters as change must begin from the top,” he told reporters in Segamat, Johor. — Bernama

extension of a larger credit limit at a longer repayment period than was normal to its customer, Dubai-based Safi tex Trading LLC.

Th e PMO said an independent re-port prepared by Idris showed there were suffi cient facts and reasona-ble grounds warranting FGV’s board to initiate disciplinary proceedings against CEO Datuk Zakaria Arshad and CFO Ahmad Tifl i Mohd Talha, as well as DOP senior general man-ager Kamarzaman Abd Karim and FGV Trading Sdn Bhd CEO Ahmad Salman Omar.

“As such, FGV should continue with its ongoing disciplinary pro-ceedings. It should be highlighted that no one is guilty of any wrongdo-ing at this juncture unless proven by the impending domestic inquiries. During the domestic inquiries, the four management offi cials will be able to defend themselves in line with the laws of natural justice,” it said.

Th e four are currently suspended from duty after being told to go on leave on June 6, following a probe by the company’s internal audit commit-tee involving the unapproved exten-sion of credit limit by DOP to Safi tex. Last Tuesday, FGV issued show-cause letters to both Zakaria and Ahmad Tifl i to explain the allegations against them via a written reply. Th e duo have until 4.30pm today to do so.

In response to the PMO’s directive, Zakaria issued a statement saying he would abide by the recommendations from Idris’ report — which included FGV setting up a “governance quan-tum leap” team to help the company improve corporate governance and business controls.

“With regard to the domestic in-quiry which was initiated by Tan Sri Mohd Isa Samad, I am confi dent I shall be proven innocent and hence-forth, I have engaged Tan Sri Mu-hammad Shafee Abdullah to be my legal counsel to attend to the matter,” he added.

The internal probe allegedly showed the extension of credit limit

line by DOP to Safi tex was approved by Zakaria, which resulted in Safi tex’ debt to DOP ballooning to US$11.7 million (RM49.99 million). Zakaria had previously said Safi tex will pay off the debt by the end of this month.

Meanwhile, the PMO acknowl-edged the need for a comprehensive business review in both FGV and its largest shareholder Federal Land Development Authority (Felda) amid the decline in fi nancial performance in both entities.

“Indeed, such a review had already started late last year. Both FGV and Felda should continue and complete this work with urgency. Once com-pleted, it will put in place the right platform to position both FGV and Felda to become successful compa-nies now and in the future. Th is plat-form includes the right leadership, strategies, business and operating model,” it said.

Hence, apart from undertaking the normal roles and responsibili-ties of the chairman, Sulaiman “will immediately take action to oversee the implementation of the above way forward”, the PMO said.

On quitting FGV, Mohd Isa also gave up his chairmanship at FGV’s sugar manufacturing unit MSM Ma-laysia Holdings Bhd. MSM director Datuk Rosini Abdul Samad, 62, will take over as chairman in the interim, according to MSM’s bourse fi ling.

Further, the PMO clarifi ed that the decisions by the government and FGV are separate from the ongoing inves-tigation by the Malaysian Anti-Cor-ruption Commission (MACC) into the company. “Th eir investigation is still underway and the outcome will be revealed by them only after the MACC has completed their work,” the PMO added.

Th e anti-graft body announced on June 9 that it had initiated an investi-gation into FGV following complaints of irregularities at the company. Last Friday, the MACC said the investiga-tion into the scandal-ridden oil palm giant is 60% complete.

‘FGV board will fi nd ways to boost fi nancial performance’

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) has submitted an application to Bank Negara Malaysia (BNM) for approval of its proposed merger with Asian Finance Bank Bhd (AFB), putting the non-bank lender MBSB within closer reach of obtaining full Islamic banking status.

A merger of the two would create the country’s second-larg-est stand-alone Islamic bank with total assets of RM47.81 billion, after Bank Islam Ma-laysia Bhd.

In a stock exchange filing yesterday evening, MBSB said it had submitted the application within the stipulated six-month time frame to “seek the approv-als of Bank Negara and/or the fi nance ministry”. Further an-nouncements would be made upon receipt of BNM’s decision, it added.

Th e Edge Malaysia weekly, in its June 12 issue, cited sources as saying that the proposed plan involves MBSB buying AFB’s assets and liabilities in a deal that values the latter at a price-to-book value (PBV) of between 1.2 times and 1.5 times.

It is understood that just two of AFB’s four Middle East share-holders — Qatar Islamic Bank (66.67%) and Financial Assets Bahrain WLL (6.67%) — plan to exit, while the other two, RUSD Investment Bank Inc (16.67%) and Tadhamon Internation-al Islamic Bank (10%) want to stay on in the enlarged bank-ing entity.

As such, it is expected to be a deal that involves both cash and shares, with shares going to the shareholders that want to stay.

Th e total consideration for the deal is about RM650 million, with more than half of that com-prising a cash portion, a source told Th e Edge Financial Daily. It is understood that the cash portion values AFB at the lower end of the PBV range.

Th ere is a likelihood that Qa-tar Islamic Bank may not exit completely, with a source say-ing that it may end up with just a small stake in the enlarged banking group.

BNM on Dec 21 last year gave the green light for MBSB, which is 60%-owned by the Employees Provident Fund (EPF), and AFB

to hold merger talks. It allowed them six months, up to tomorrow, to complete negotiations.

MBSB has long wanted to be a full-fl edged Islamic bank; buying AFB enables it to clinch the latter’s Islamic banking licence.

Th is is, in fact, MBSB’s third attempt in less than three years to get an Islamic banking licence by acquiring an Islamic bank. In Feb-ruary 2016, it attempted a merg-er with Bank Muamalat Malay-sia Bhd. And before that, it was to have merged with the Islam-ic banking units of CIMB Group Holdings Bhd and RHB Bank Bhd, but the plan fell through in Jan-uary 2015.

“While the expansion of profi ts and assets is likely to be imma-terial, the proposed merger will benefi t MBSB in another way. Th e full bank licence will allow MBSB to be able to tap into new fi nancial services segments which it can-not off er at the moment (such as trade facilities, collecting current account and savings account de-posits, and off ering other inter-bank instruments) to expand the business,” MIDF Research said in a report late last year.

MBSB has already been pre-paring to be a full-fl edged bank. Its profits, which used to be at record levels annually, took a hit after it started a three-year loan impairment programme in the fi nal quarter of 2014. Th e move to raise its provisions was to stream-line its operations to be more in line with banking standards and best practices.

It reported a strong net profi t of RM101.32 million for the fi rst quarter of this year, up near-ly 200% from a year ago, due to higher gross loans and lower cost of funds.

Interestingly, this is the second ongoing proposed banking merg-er that involves the EPF. Late last month, AMMB Holdings Bhd and RHB Bank Bhd, in which the EPF is a common shareholder, got the central bank’s approval to start merger talks.

The full bank licence will allow MBSB to be able to tap

into new fi nancial services segments.

4 H O M E B U S I N E S S TUESDAY JUNE 20, 2017 • THEEDGE FINANCIAL DAILY

‘More room for consolidation of smaller banks’Azman sees proposed merger with RHB Bank as a win-win deal

BY S U L H I A Z M A N

KUALA LUMPUR: Th ere is room for more consolidation among small-er banks, said veteran banker Tan Sri Azman Hashim. “Mergers are driven by market forces. I imagine there is still some room for consol-idation,” he said.

Th is was the fi rst public com-ment by Azman, the chairman of Malaysia’s sixth-largest bank, AMMB Holdings Bhd (AmBank Group), since the June 1 announce-ment by AmBank Group and RHB Bank Bhd, the country’s fourth-larg-est lender, that they had received approval from Bank Negara Ma-laysia to commence merger talks.

Azman pointed out that the merger, if successful, will solidify the merged entity’s position to be the fourth-largest banking group in Malaysia after Malayan Banking Bhd, CIMB Group Holdings Bhd and Public Bank Bhd.

“AmBank Group has always as-pired to be one of the top banks in Malaysia. We were targeting to be No 4 in the rank by 2020, and this merger will expedite that,” the veteran banker told reporters after presenting scholarships to Interna-tional Islamic University Malaysia students.

A recent report by S&P Global Market Intelligence showed that the merged banking entity will have a pro forma asset size of RM368.29 billion.

Th e last time Malaysia witnessed the completion of a merger be-tween two banking entities was in 2014, when Affi n Holdings acquired Hwang DBS (M) Bhd’s three assets — investment banking, asset man-agement and futures — in a deal worth RM1.36 billion.

Azman agreed that valuation of banks, in general, has come to an exciting level, which could

kick-start the consolidation of the Malaysian banking sector.

“When you are a small bank, you tend to say that being small means nimble. But there is also a case for size too. With this merger, AmBank Group will be the fourth-largest bank in the country,” added Azman, who holds 391.07 million shares in AmBank Group, equivalent to a direct stake of 12.97%.

As for the small banks, Azman said: “Th ey have to ask themselves on where they want to be [in the future]. Remain in the same size?”

On whether the merger of the two lenders could result in thou-sands of job cuts to reduce redun-dancies, Azman said: “We don’t know yet as we are still negotiating with RHB Bank.”

Still, Azman said the proposed merger is a “win-win deal” and ad-vantageous for both lenders.

“We don’t know how the shape of the merged entity will be, and it is too early to comment on anything at this stage,” Azman added.

Th e National Union of Bank Em-ployees has estimated that a merger between AmBank Group and RHB

Bank could result in either a scaling down or retrenchment of up to 4,000 employees following the possible close-down of 80 to 100 branches.

On whether Kumpulan Wang Persaraan (Diperbadankan), the government’s pensions manager, will emerge as a substantial share-holder in the merged banking en-tity with a 10% stake, Azman said: “Let’s wait for us to fi nalise the ne-gotiations.”

As for the closing of the deal, Azman hopes it can take place “as soon as we can”. AmBank Group and RHB Bank have until Aug 31 to fi nalise the merger negotiations.

“Th e timeline should be okay for us,” he said, although Azman acknowledged that some have de-scribed it as tight.

Shares in AmBank Group have fallen by 6.28% since early this month and closed three sen or 0.59% lower at RM5.07 yesterday, with a market capitalisation of RM15.28 billion.

Based on yesterday’s closing price, Azman’s equity interest in AmBank Group is valued at RM1.98 billion.


KUALA LUMPUR: Maxis Bhd plans to undertake a private placement of up to 4% of its issued shares to raise RM1.64 billion, in order to strengthen its fi nancial position and give it the fl exibility to fund its future spectrum assignment fees and growth strategy.

Th e equity fundraising exer-cise entails the issuance of 300 million new Maxis shares un-

Maxis seeks to raise RM1.64b via private placementder a private placement to inves-tors, which was carried out on a book-building basis yesterday. Th is represented approximately 4% of the total number of issued shares in Maxis as at June 16, 2017.

In a filing with Bursa Malay-sia yesterday, Maxis said the is-sue price of the placement shares will be determined by way of book-building and will be fi xed at a price which is not more than a 10% discount to the five-day

volume-weighted average price (VWAP) of Maxis shares prior to the date of book-building.

Based on an indicative issue price of RM5.47 per share — assuming a 10% discount to the fi ve-day VWAP of RM6.0819, the private placement will raise RM1.64 billion.

“Th e precise terms and condi-tions for the placement shares will only be determined upon comple-tion of the book-building exercise. We expect the private placement

to be completed by [the] end of July,” said Maxis in a statement yesterday.

In a separate fi ling with Bursa Malaysia, Maxis said it is of the view that the proposed private placement is currently the most appropriate means of equity fundraising as it allows the group to raise funds ex-peditiously as it can be implement-ed immediately pursuant to the shareholders’ mandate obtained in the last annual general meeting.

“Th e [exercise] will [also] allow the group to potentially attract more local and international in-stitutional investors to invest in it, thereby enlarging its shareholder base and potentially enhancing the liquidity of Maxis shares,” it added.

Trading in Maxis shares was halted yesterday, pending the re-lease of the announcement. Th e counter was last traded at RM5.88, translating into a market capitali-sation of RM44.16 billion.

EDITOR’S PICKS FROMtheedgemarkets.com


KUALA LUMPUR: Th e RM650 mil-lion Taman Tugu project in the fed-eral capital led by Khazanah Nasion-al Bhd is well under way, according to a status update document on the project released yesterday.

Th e document details the pro-gress achieved in each of the pro-ject’s four components — the Taman Tugu Park, connectors, learning and innovation centre (Khazanah Ilmu) and national trust fund.

Th e 66-acre (26.7ha) Taman Tugu Park has obtained key ap-provals including the overall de-velopment order from the Kuala Lumpur City Hall and the Envi-ronmental Impact Assessment (EIA) and Environmental Man-agement Plan (EMP) from the Federal Territory Department of Environment (DoE).

Meanwhile, tender awards for the various packages of the park will start being issued this month, while work on the ground is ex-pected to commence soon after. Submissions are currently being evaluated and the park is on track for completion in the fourth quar-ter of 2018 (4Q18), according to

Taman Tugu project well under way, says Khazanah

the update issued by Khazanah.Th e second component con-

cerning connectivity is seeing the punch-through locations at the underpass below Jalan Parlimen being fi nalised, with work expect-ed to commence in 4Q17.

Meanwhile, the design of the overhead deck connecting Kuala Lumpur Sentral to Taman Botani Perdana will be determined by an architectural competition to be launched in 3Q17, for which a feasibility study is currently being conducted.

“[We are] currently in discus-sions with CIMB, MRCB (Malay-sian Resources Corp Bhd) and MRT Corp (Mass Rapid Transit Corp Sdn Bhd) on options for landing points on the KL Sentral side,” Khazanah said.

“All connectors are on track for completion by 2019.”

Khazanah said the develop-ment of Khazanah Ilmu is on track for completion in 2020. Current feedback from its discussions with DoE to secure an EIA for this com-ponent is that an update to the sub-mission for the park component is said to suffi ce with additional controls included in the EMP.


KUALA LUMPUR: Bursa Malaysia Securities Bhd has directed China Automobile Parts Holdings Ltd (CAP) to have its fi nancial results for the fi rst quarter ended March 31, 2017 (1QFY17) reviewed by its external auditor.

Th e regulator issued a direc-tive to CAP last Friday to make an immediate announcement on the matter, according to CAP’s fi ling with Bursa Malaysia yesterday.

Bursa raised concerns that the quarterly report may not be accu-rate or reliable due to the with-drawal by PKF Malaysia Sdn Bhd on May 25 of its audit report for CAP’s 2015 fi nancial statements, and concerns raised by the audi-

Bursa directs China Automobile Parts to have 1Q results reviewed

tor regarding CAP’s 2016 fi nancial statements.

Among the concerns were those regarding the verifi cation of CAP’s value-added tax devices with the relevant authorities’ tax system directly, and the com-pletion of verification of con-signment notes or appropriate delivery documentation against the sales invoices.

The auditor was also con-cerned about an ongoing litiga-tion involving CAP and certain of its directors, in which certain records indicate that CAP had taken signifi cant borrowings and had defaulted on repayment. Th is resulted in a claim and litigation in FY16 against CAP and a number of its directors by the lending bank.

Azman (centre) at the Azman Hashim-International Islamic University Malaysia Ummatic Scholarship award ceremony yesterday. Based on yesterday’s closing price, Azman’s equity interest in AmBank Group is valued at RM1.98 billion. Photo by Mohd Izwan Mohd Nazam

H O M E B U S I N E S S 5TUESDAY JUNE 20, 2017 • THEED G E FINANCIAL DAILY

Customs cancel plan to extend GST to over 60 food itemsTh e fi nance ministry had announced the plan via a June 6 order

BY C H E S T E R TAY

KUALA LUMPUR: The Royal Ma-laysian Customs Department has cancelled a plan that would have seen more than 60 food items be-ing slapped with the goods and services tax (GST) from July 1.

The decision was made af-ter referring the matter to the finance ministry, Customs said in a statement yesterday, without providing any reason.

“Just take it as a cancellation,” Customs director-general Datuk Subromaniam Tholasy said when contacted over the phone by The Edge Financial Daily. He did not elaborate as he was attending a meeting.

The affected food items — which the authorities say are generally not consumed by the masses — include eel, swordfish, corn, frozen vegetables, imported fruits (avocado, apricot, grape, cherry, peach and plum) and margarine.

Media reports had said that these items, which are currently in the list of zero-rated goods and services, will be imposed with the 6% GST from July 1.

This follows the finance min-istry’s move, on June 6, to pub-lish on the Attorney-General’s Chambers’ website an order to amend an earlier order made in 2004 listing out items cate-gorised as zero-rated under the GST regime.

Second Finance Minister Da-

tuk Seri Johari Abdul Ghani was to have presented the new or-der at the next parliamentary meeting which starts on July 24. (The GST Act 2014 confers pow-ers to the minister to make such amendments after implemen-tation).

U O B M a l a y s i a s e n i o r vice-president for global eco-nomics and markets research Julia Goh noted that it is never easy to introduce changes that affects the public.

“As part of the government’s continued efforts to consolidate the fiscal position, the govern-ment will explore areas for rev-enue enhancements and cost management,” she told The Edge Financial Daily, when contacted.

“ T h i s (e x t e n d i n g l i s t o f GST-imposed items) is perhaps one of the measures. However, the government will also have to balance the need for fiscal re-forms with managing the rising cost of living and safeguarding economic growth,” she said.

“From the policymaking stand-point, it is always better to intro-duce reforms and change from a relative position of strength or when economic conditions are better,” she said.

Goh pointed out that GST col-lection has surpassed the gov-ernment’s initial target.

“I don’t think it’s that the gov-ernment isn’t collecting enough GST. In fact, GST collections have surpassed targets partly due to

higher number of companies reg-istered,” she said.

“Several tax experts have com-mented when Malaysia initially announced GST that there were too many exempted items. This led to the opportunity cost of col-lecting additional RM10 billion in GST revenue,” she added.

RHB Research chief economist Lim Chee Sing said that if the Cus-toms proceeded with their plan to amend the list of zero-rated items, consumer sentiment would be affected in the short term.

“It is not easy for the govern-ment to raise the GST percentage since it was only implemented back in April 2015, so [reducing zero-rated items] is one of the avenues to broaden the GST cov-erage,” he explained.

“If you look at government expenditure, it is still rising, es-pecially operating expenditure (opex). This is obviously not sus-tainable since most of the govern-ment revenue is used to finance opex while development expend-iture is financed by borrowings,” he said.

“So the strategy moving forward will either be cutting opex or in-creasing borrowings, but cutting opex may aff ect the 14th general election. While the government wants to consolidate fi scal defi cit, they may look at broadening the tax base. As you can see they are improving tax collection effi ciency and (are implementing) the new tourism tax,” he added.

KUALA LUMPUR: The rally in the share price of Ancom Bhd, which is believed to be mapping out its restructuring exercise currently, has gathered more steam. The stock surged 13% or 11 sen to 95 sen yesterday — its highest level since late August 2000.

Its trading volume ballooned to 20.46 million shares, at a 17-year-high level since Feb-ruary 2000. It was the eighth top gainer of the day.

Year to date, the counter has gained 188%, or RM133.41 million in terms of market cap-italisation. Its current mar-ket value stands at RM204.42 million.

The Edge Malaysia weekly reported in April that Ancom was in the midst of a group-wide restructuring exercise.

Quoting sources, the report stated that one of Ancom’s plans would see it inject its media advertising unit, Redberry Sdn Bhd, into its 45.53%-owned An-com Logistics Bhd, so that Red-berry could gain listing status via a reverse takeover.

The decision — a move away from Ancom’s initial plan to list Redberry via an initial public offering — was the key reason the counter jumped 73.33% to 78 sen in the month of April.

Redberry, which made a net loss during its financial year 2015 (FY15), had negative re-serves of RM47.09 million as at May 2015.

The company’s assets also include The Malay Mail news-paper.

However, Redberry may get a lifeline from its 51%-owned Titanium Compass Sdn Bhd, which in September last year was awarded a station and train advertising account for the 31-station, 58-train mass rapid transit Sungai Buloh–Ka-

Rally in Ancom share price gathers steam

jang line on an exclusive basis for 10 years.

However, Ancom seems to be building up to be a turn-around story of its own. Its net profit in its third quarter ended Feb 28, 2017 (3QFY17) surged to RM11.7 million from RM216,000 in losses in 3QFY16, mainly from contribution from its agricultural and industrial chemicals division.

R e v e n u e j u m p e d 3 9 % to RM462.13 million, from RM331.67 million previously.

Th e quarterly results brought Ancom on the right track to re-turn to profi t in the fi nancial year ending May 31, 2017, bringing net profi t in the nine-month period ended Feb 28, 2017 (9MFY17) to RM13.27 million from a net loss of RM1.8 million in the same pe-riod last year.

Revenue, meanwhile, rose 7.48% to RM1.22 billion, from RM1.14 billion in 9MFY16.

BY A D A M A Z I Z

Sen

20

40

60

80

100

May 27, 2016 June 19, 2017

Ancom Bhd

95 sen

Its trading volume ballooned to 20.46 million shares, at a 17-year-high level

since February 2000.

6 H O M E B U S I N E S S TUESDAY JUNE 20, 2017 • THEEDGE FINANCIAL DAILY

Advancecon sees ‘signifi cant’ earnings growth in FY17Th is is due to strong order book, keeping group busy until 2019

KUALA LUMPUR: Sapura Ener-gy Bhd’s net profit dropped 75% to RM27.53 million or 0.46 sen a share for the first financial quar-ter ended April 30, 2017 (1QFY18) from RM110.31 million or 1.85 sen a share a year ago, due to lower rev-enue which was offset by higher contribution from joint ventures in the current quarter under review.

Quarterly revenue fell 9% to RM1.77 billion from RM1.94 bil-lion in 1QFY17, mainly attributable to lower revenue from the drilling, and exploration and production (E&P) business segments.

According to Sapura Energy’s fi -nancial statements for 1QFY18, the group’s net profi t was also impact-ed by higher taxation of RM76.97 million compared with RM14.59 million a year ago.

Going forward, the group said the outlook for crude oil prices remains

uncertain, with the trend of pro-longed low levels of capital spending expected to continue.

Sapura Energy said it remains committed to replenish its order book and improve costs and oper-ational effi ciency.

It added that the recently com-pleted refi nancing exercise will fur-ther strengthen the group’s funda-mentals.

In a separate statement, Sapura Energy president and group chief executive officer Tan Sri Shahril Shamsuddin said the challenging environment facing the industry continues with persistent uncer-tainty over the outlook for oil prices.

“Nevertheless, the group has been able to consistently demon-strate competitiveness by secur-ing and reliably executing projects globally. Further, we have secured new projects in key markets in Southeast Asia, Australia and In-dia,” he added.

Sapura Energy 1QFY18 net profi t drops 75% amid higher tax

R E S U LT S I N BR I E F

BY W O N G E E L I N

KUALA LUMPUR: Barakah Off-shore Petroleum Bhd has bagged a US$14.28 million (RM61.12 mil-lion) contract from Samling Re-sources Sdn Bhd to supply a well intervention vessel, support vessel and services for abandonment and decommissioning of Chinguetti and Banda fi elds off shore Mauritania.

In a fi ling with Bursa Malaysia yesterday, Barakah said its whol-ly-owned subsidiary PBJV Group

Sdn Bhd has received the letter of award from Samling Resources for the project, which is expected to commence this month.

Th e Chinguetti oilfi eld is lo-cated approximately 80km west of the coastline and 90km from Nouakchott, Mauritania. Th e pro-ject involves temporary plugging of 15 wells.

“Th e contract is for the provi-sion of a well intervention vessel, a platform supply vessel, and all necessary parts, spares, repairs,

refurbishment and/or modifi ca-tions to the well intervention ves-sel and all coordination, technical support and supervisory works in relation thereto,” said Barakah.

Barakah said the contract is expected to contribute positively towards the group’s earnings and net assets per share for the dura-tion of the contract.

Barakah shares closed down 0.5 sen or 0.85% to 58 sen yester-day, giving it a market capitalisa-tion of RM474.69 million.

KUALA LUMPUR: Mesiniaga Bhd has bagged a RM10.22 million con-tract from Universiti Sains Malay-sia (USM) to supply core switches, distribution switches, DDI solution and IPV6 implementation for its Information and Communication

Technology Centre in Penang.In a fi ling with Bursa Malay-

sia yesterday, Mesiniaga said it on last Friday accepted a letter of award from the university for the proposed job.

“Th e contract is for a period of two months commencing [today (yesterday)] followed by a one-year

maintenance period,” it added.Th e proposed job is expected to

contribute positively to the com-pany’s earnings over the period of the contract.

Mesiniaga shares closed 4.1% or fi ve sen higher at RM1.26 yester-day, with a market capitalisation of RM76.71 million.

Barakah Off shore bags US$14.28m job in Mauritania

Mesiniaga secures RM10.22m contract from USM

BY S YA H I R A H S Y E D J A A FA R

BY A D E L A M EG A N W I L LY

KUALA LUMPUR: AirAsia X Bhd (AAX) has decided that operating ultra-long-haul fl ights are not rel-evant for now, said AirAsia Bhd group chief executive offi cer Tan Sri Tony Fernandes.

He pointed to the popular Kuala Lumpur-London route where a price war has broken out among airlines, adding that the low-cost long-haul affi liate of AirAsia won’t join the competi-tion by mounting fl ights to the destination.

“We have decided that ultra-long-haul [fl ights] are not rele-vant now. [We] won’t get seduced into price wars over London,” Fernandes wrote in one tweet yesterday.

In another message, he tweet-ed: “We let the full-service guys fi ght it out over Europe. Many of them bleeding so so much.” He was referring to full-service car-riers currently operating fl ights from Kuala Lumpur to Europe.

Fernandes said AAX will stick to the eight to nine hours fl ight. “Our focus will be Asia, with the odd route like Hawaii, which is actually eight hours from Japan.”

In April, Fernandes was re-ported as saying that AAX will soon be fl ying to Europe to tap the growing demand to the re-gion, after the launch of its Kuala Lumpur-Osaka-Honolulu (Ha-waii) route on June 28. He had hinted that the destination could be London, Manchester or even Dublin.

Maintaining that the long-haul low-cost business model is still working, Fernandes also tweet-ed that “AAX is fl ying. Our model is really working. [AAX] with fl y through from AirAsia.”

Fernandes went on to say that AAX’s fi nancial turnaround is well on its way, noting that the “sec-ond quarter (2Q) will complete it”.

“Th e 3rd and 4th quarters will be best ever quarters [for AAX],” he added.

Th e airline returned to the black in the fi nancial year end-ed Dec 31, 2016 (FY16), with a net profit of RM230.54 mil-lion compared to a net loss of RM349.62 million in FY15. It continued to post a net profi t of RM10.34 million in the 1Q of FY17, albeit much lower than the RM179.49 million net profi t it posted a year ago.

Fernandes: AirAsia X not fl ying to Europe, ultra-long-haul fl ights not relevantBY C H E S T E R TAY

KUALA LUMPUR: Earthworks and civil engineering fi rm Advancecon Holdings Bhd, en route to list on the Main Market of Bursa Malaysia on July 10, expects “signifi cant” growth in net profi t for the current fi nancial year ending Dec 31, 2017 (FY17) on strong order book.

As at May 19, 2017, Advancecon’s order book amounted to RM572.5 million, which will keep the group busy until the end of 2019.

Its chief operating offi cer Yeo An Th ai also sees the group keeping its profi t margin between 10% and 12% in FY17, similar to that posted in the past three fi nancial years.

“We hope that our target [for contract wins] this year will exceed at least our turnover,” Yeo told a press conference after the prospec-tus launch for its upcoming initial public off ering (IPO) yesterday.

From Jan 1, 2017 to May 19, 2017, Advancecon had tendered for more than 20 projects with a total value of RM496.4 million, of which the group had secured about RM34.5 million.

The group is looking to raise RM56.7 million through the IPO, which is earmarked for capital ex-penditure, working capital, to repay borrowings and listing expenses.

Th e IPO entails a public issue of 90 million new shares, representing 22.4% of its enlarged issued share capital, at an issue price of 63 sen per share. The group will have a dividend policy to distribute a min-imum 20% of its net profi t.

Yeo said the group is hoping to secure more projects in the future, leveraging on its enlarged balance sheet after the IPO and the recent contract wins of a combined RM345 million for the West Coast Express-way (RM239.8 million) and the Pan Borneo Highway (RM105.2 million) projects.

Th e two projects were secured at the end of last year, which will take 30 months to complete.

“We are therefore optimistic about attaining more large-scale contracts going forward by leverag-ing on our enlarged balance sheet after the IPO,” said its chairman Yeoh Chong Keat in his speech at the prospectus launch.

“Furthermore, we have in-creased our geographical cover-age by successfully undertaking numerous earthworks and civil engineering projects nationwide, including the Klang Valley, Neg-eri Sembilan, Johor, Kedah and Penang in the peninsula, as well as Sarawak,” he added.

Advancecon posted a net profi t of RM6.85 million on revenue of RM59.15 million in the fi rst quarter ended March 31, 2017. Its earnings per share stood at 2.2 sen.

In a fi ling with Bursa Malaysia yesterday, Advancecon said its rev-enue was mainly derived from the construction and support servic-es business, which accounted for RM59.12 million or 99% of the total revenue. Th e balance revenue was derived from its property invest-ment segment.

It added that there were no com-parative fi gures for the preceding quarter and preceding year as this is its fi rst interim fi nancial report on the consolidated results for the quarter being announced by the company.

“Th e outlook of the construction industry remains encouraging as it continues being driven by govern-ment-led initiatives and spending, in particular projects such as highways and other public infrastructures. Th e construction industry in Malaysia will remain a major contributor to our revenue in the current fi nancial year,” it said.

Barring unforeseen circumstanc-es, Advancecon expects the fi nancial performance of the current year to be satisfactory.


8 ST O C KS W I T H M O M E N T U M TUESDAY JUNE 20, 2017 • 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 SSHARES in Ancom Bhd (valuation: 1.50/3, fun-damental: 0.55/3) triggered our momentum algorithm yesterday for the fi fth time this year as 20.46 million shares changed hands against the counter’s 200-day average trading volume of 671,762 shares. Th e stock closed up 11 sen or 13.1% to a fresh record high of 95 sen, with a market capitalisation of RM204.42 million.

Ancom may be in the spotlight following a recent report by Th e Edge Malaysia weekly that Ancom will possibly inject its media ad-vertising unit, Redberry Sdn Bhd, into Ancom

Logistics Bhd — essentially a reverse takeover.Meanwhile, the company posted a net profi t

of RM11.7 million for its third fi nancial quarter ended Feb 28, 2017 (3QFY17) compared to a net loss in 3QFY16, thanks to a higher con-tribution from its agriculture and industrial chemical businesses. It brought Ancom’s net profi t in the nine months ended Feb 28, 2017 (9MFY17) to RM13.27 million from a net loss of RM1.8 million in 9MFY16.

Revenue, meanwhile, rose 7.48% to RM1.22 billion from RM1.14 billion in 9MFY16.

SHARES in Pasukhas Group Bhd (valuation: 0/3, fundamental: 0.95/3) triggered our mo-mentum algorithm yesterday for the fourth time this year after the counter saw some 20.26 million shares traded, 14 times its 200-day average volume of 1.44 million shares. Shares in Pasukhas closed unchanged at 16 sen yesterday, with a market capitalisation of RM129.85 million.

Just last week, Pasukhas said it would ac-quire a 92.5% stake in Indonesian power plant company PT Teenage Lisntrik Gorontala, who is principally involved in mining and power

supply generation.Having acquired property developer Bungar

Majujaya Sdn Bhd, the group also announced in June that it was teaming up with Yayasan Veteran Angkatan Tentera Malaysia to turn a 1.27-acre (0.51ha) state leasehold land into a commercial development.

Pasukhas’ net profi t for the fi rst quarter end-ed March 31, 2017 (1QFY17) dropped 59.1% to RM132,000, from RM323,000 a year ago, while revenue fell 61.22% to RM7.06 million from RM18.2 million in 1QFY16, on fewer civil en-gineering and construction services projects.

SHARES in Sam Engineering & Equipment (M) Bhd (valuation: 1.1/3, fundamental: 2.5/3) triggered our algorithm momentum yesterday for the fi rst time this year. Th e counter gained 43 sen or 5.89% to close at its 11-month high of RM7.73 yesterday, with 632,000 shares traded.

Th e company has recently announced a fi rst interim dividend of 10.28 sen per share and a special dividend of 6.95 sen per share for its fi nancial year ended March 31, 2017,

(FY17), payable on Aug 15.However, the company saw its net profi t

for FY17 decline 30.9% to RM43.61 million in FY17 from RM63.09 million in FY16. Rev-enue also fell 13.3% to RM537.4 million from RM620.05 million, on a lower contribution from the equipment manufacturing segment due to weaker demand from customers.

Year to date, shares in Sam Engineering have gained 57.76%.

KUALA LUMPUR: After 18 straight weeks of buying, foreign investors suc-cumbed to negative global sentiment and sold RM99.6 million of Malaysian equity in four days of trading last week, said MIDF Research.

In its weekly fund flow report yes-terday, the research firm said there was relatively heavy foreign selling last Friday of RM189.3 million, the highest in a day this year, after the US Federal Reserve’s (Fed) rate hike last Thursday and gains in US treasury yields, which boosted the US dollar.

“Despite the deficit last week, cu-mulative year-to-date purchases by foreign investors still amounted to RM10.3 billion net. In fact, foreigners have been net sellers in only three out of 24 weeks in 2017,” it noted.

On a positive note, MIDF Research said foreigners were actively trading Malaysian equity last week.

“Foreign participation was vibrant as foreign average daily trade value (ADTV) rose above the RM1 billion mark, increasing by 40% for the week, from RM999 million to RM1.4 billion.

“Indeed, foreign participation ex-ceeded RM1 billion in three out of four trading days last week,” said MIDF Research.

“In contrast, the retail market was rather sluggish. Retail ADTV declined by 9.3% for the week to RM812.7 mil-lion from RM896.2 million the week before,” it added.

Globally, MIDF Research said for the

KUALA LUMPUR: Malaysia Steel Works (KL) Bhd (Masteel) said it will cancel the dividend entitlement announced on April 27, 2017, which would have seen shareholders receive a fi nal dividend of 0.85 sen per share for the fi nancial year ended Dec 31, 2016 (FY16).

In a fi ling with Bursa Malaysia yester-day, Masteel said this was because the resolution on the payment of the fi nal dividend was not passed at its annual general meeting last Thursday. Only 2.47% of the total voting rights were in favour of the resolution.

Trading of the company’s shares was also halted from 2.30pm yesterday due to the announcement, and will resume today.

Masteel shares ended the morning

KUALA LUMPUR: Bursa Malaysia Bhd and its subsidiaries will be closed for two days on June 26 and 27 in con-junction with the Hari Raya Aidilfitri

After 18 weeks of buying, foreign investors sold RM99.6m last weekBY S U R I N M U R U G I A H


third week in a row, the performance of eq-uity markets around the globe was fl attish as investors were anxious as they focused on the Fed’s June meeting that preceded a pack of central banks’ meetings.

The Fed raised rates by a quarter-point last Wednesday while outlining plans for its balance sheet trimming programme that will take place “relatively soon”.

“In Asia, global investors moved into a period of relative lull. Foreign investors moved to the sideline, disposing a mar-ginal US$92.4 million (RM395.47 million) net last week in the aggregate seven coun-tries that we track,” said MIDF Research.

Masteel halts trading amid cancellation of fi nal dividend for FY16

session down four sen or 3.48% at RM1.11 yesterday, with a market capitalisation of RM270.06 million.

Th e group returned to the black in FY16, with a net profi t of RM21.03 million com-pared to a net loss of RM50.4 million on the back of a 5.5% growth in revenue to RM1.21 billion in FY16.

Bursa Malaysia to close for Hari Raya

ANCOM 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

1.500.55

22.530.110.60

-180.75215.18

0.850.32-0.85

*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

PASUKHAS 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

0.000.95

--

3.12-

129.85811.57

0.990.12-0.17


SAM ENGINEERING & EQUIPMENT (M) 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

1.102.50

21.07(0.68)

2.025.52

919.01125.89

0.934.90-7.93


ANCOM BHD (+ve)

PASUKHAS GROUP BHD (-ve)

SAM ENGINEERING & EQUIPMENT (M) BHD (-ve)

public holidays.Operations will resume on June 28,

said the stock exchange in a statement yesterday.

(RM mil)

Weekly net flow of foreign funds intoMalaysian equities since Jan 2016

Source: Bursa Malaysia preliminary statistics

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500

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Resolution on the payment of the fi nal

dividend was not passed at its annual general

meeting last Thursday.

P R O P E RT Y 9TUESDAY JUNE 20, 2017 • THEED G E FINANCIAL DAILY

S P Setia’s Sapphire By Th e Gardens exceeds 70% take-upTh e latest development project in Melbourne received good response during the launch

SINGAPORE: Singapore property stocks are set for their best annual performance in fi ve years.

With an expected pickup in real estate on easing of curbs, develop-ers are the bright spot in equities as gains in stocks may be limited.

“Th e residential property mar-ket has seen an improvement in sentiment,” said Desmond Loh at JPMorgan Asset Management. De-

Best Singapore property stock rally in fi ve years?

BY E T H E L K H O O

KUALA LUMPUR: Th e residential tower of S P Setia Bhd’s latest de-velopment project at 308 Exhibi-tion Street, Melbourne, Australia, called Sapphire By Th e Gardens, saw a take-up rate of more than 70% during the launch last week-end that was held simultaneously in Kuala Lumpur, Jakarta, Sydney and Melbourne. Th e developer will be launching the project in Hong Kong, Shanghai, Beijing and Singa-pore this coming weekend.

“We are proud and extremely delighted with the overwhelming response that we have received for this luxury residential project, and we are confi dent that all the units will be fully taken in the coming weeks,” said S P Setia president and chief executive offi cer Datuk Khor Chap Jen in a press release.

Occupying a 4,140-sq m (1.02 acres or 0.41ha) tract in the up-per-east end of Melbourne’s central business district (CBD), Sapphire By Th e Gardens is part of the two-tower

development called By Th e Gardens which overlooks the Unesco World Heritage-listed Carlton Gardens. Th e development is designed by two of Australia’s world renowned lead-ing architectural practices — Cox Architecture and Fender Katsalidis.

Sapphire By Th e Gardens will have 345 apartment units as well as offi ce space, while the retail component will occupy the lower levels of the development. The built-up of the apartment units range from 50 sq m (538 sq ft) to 660 sq m (7,104 sq ft) and the selling price starts at A$550,000 (RM1.79 million). Th e gross devel-opment value (GDV) is about A$480 million for this residential tower.

Th e fi ve-star Shangri-La Hotel, Melbourne will occupy the second tower with 500 guest rooms and three levels of amenities, includ-ing a sky lobby, restaurant, spa, fi t-ness centre, swimming pool and a ballroom overlooking the gardens.

Construction of the entire pro-ject is expected to commence by the last quarter of this year and scheduled to be completed in 2022.

velopers with land for new projects stand to benefi t, he said, expecting vacancy rates to decline in the next few years. Th e government sparked renewed interest in real estate after it rolled back some curbs in March.

In the same month, housing sales surged to the highest in nearly four years. Property stocks includ-ing City Developments Ltd and UOL Group Ltd are driving gains in stocks so far this year, with de-velopers and property trusts mak-

ing up half of the 10 best-perform-ing stocks. Singapore’s benchmark measure has climbed 12% this year, while the gauge tracking 42 local real estate stocks has jumped 16%, heading for its biggest annual gain since 2012. City Developments rose as much as 1.4% yesterday, its fi rst daily gain in six days. UOL Group advanced as much as 0.9%, while CapitaLand Ltd climbed 0.8%.

“Prices are moving upwards, albeit in a more gradual direction.

Market interest is more positive in terms of transactions,” said Andrew Gillan, head of equities for Asia excluding Japan at Janus Hender-son Group.

Government land sales are drawing investor interest. A resi-dential plot last month fetched a re-cord price, with a Chinese consor-tium bidding S$1 billion (RM3.09 billion). Still, the recovery in home sales hasn’t been consistent.

Government data last week

showed home sales fell 34% in May. “If volume starts to pick up

strongly, we may see more meas-ures from the Monetary Author-ity of Singapore”, said Mixo Das, Nomura’s Southeast Asian equity strategist. Th at may add to the head-winds limiting gains in the market.

“We are in a recovery phase,” said Sean Gardiner, an equity strat-egist at Morgan Stanley. “We are defi nitely up from the bottom we saw early last year.” — Bloomberg

BY L I V I A YA P

On the same weekend, S P Setia received news that its bid for the 111 A’Beckett Street site, which is opposite Fulton Lane where the developer’s first development project in Mel-

bourne is located, was successful.Th e 1,714-sq m (0.42 acres) site

was acquired for A$61 million in an international expression of interest bidding exercise by CBRE and it is

strategically located in the north-ern quadrant of Melbourne’s CBD.

A high-rise residential devel-opment with an estimated GDV of A$419 million will be constructed on that site and it is slated to be launched in the second half of this year.

“We are truly delighted with this fantastic news. Th is is anoth-er golden opportunity for S P Setia to deliver yet another development par excellence in Melbourne, the world’s most liveable city for the sixth year in a row,” said Khor.

He added that the winning bid reaffi rms the developer’s long-term commitment and confidence in the Australian real estate market, and it will remain positive on the property market in Australia.

Moving forward, the developer will continue to look out for more acquisition opportunities in the country, said Khor.

As of March 31, S P Setia had 30 ongoing projects with an eff ective stake of 5,141 acres in undeveloped remaining land bank and RM75.72 billion in GDV.

The launch of Sapphire By The Gardens by S P Setia last weekend was held simultaneously in Kuala Lumpur, Jakarta, Sydney and Melbourne.

1 0 B R O K E R S’ C A L L TUESDAY JUNE 20, 2017 • THEEDGE FINANCIAL DAILY

Lower sales weigh on Top Glove’s 9M earningsTop Glove Corp Bhd(June 19, RM5.49)Maintain hold with a higher target price of RM5.50: Top Glove Corp Bhd reported a net profi t of RM77.7 mil-lion for the third quarter ended May 31, 2017 (3QFY17). Th e quarterly net earnings fell 6.6% quarter-on-quar-ter (q-o-q) while it surged by 24.4% year-on-year (y-o-y). Meanwhile, the quarterly revenue of RM672.3 million increased by 2.1% q-o-q and 29.4% y-o-y.

For the cumulative nine months of financial year 2017 (9MFY17), the group achieved a bottom line of RM234.4 million, which was 20.7% lower than a year ago despite a stronger top line, +15.7% y-o-y. Th e group registered a lower profi t mainly due to a lower sales volume as a result of upward revisions of the average selling price (ASP).

Th e 9MFY17 net profi t of RM234.4 million was below expectations by accounting for 69% of our and con-sensus full-year estimates on the back of higher raw material prices and weakening of the US dollar against the ringgit.

The group’s 3QFY17 revenue surged 29.4% y-o-y to RM869.6 million. However, the sales volume (quantity sold) was marginally lower by 1% against 3QFY16 mainly due to an increase in ASPs in conjunction with the increase in raw material prices.

Th e average natural rubber latex price increased sharply by 79.2% to RM7.06 per kg, while the average ni-trile price also rose 41.1% to US$1.34 (RM5.74) per kg, against 3QFY16. Meanwhile, we derive our 3QFY17 core net profi t (CNP) at RM80.5 mil-lion after stripping out the foreign exchange loss and fair value gain on foreign exchange contracts, growing by 32.5% y-o-y, which we believe was

Top Glove Corp Bhd

FYE AUG (RM MIL) 2014 2015 2016 2017F 2018F

Revenue 2,276.5 2,510.5 2,888.5 3,255.8 3,449.8PBT 214.7 363.7 442.6 408.8 468.4Net profit 180.1 281.2 362.8 318.9 363.0EPS (RM) 0.13 0.22 0.29 0.25 0.29PER (x) 43.0 25.0 19.4 22.1 19.4DPS (RM) 0.07 0.11 0.22 0.23 0.24Revenue growth (%) -1.6 10.3 15.1 12.7 6.0Net profit growth (%) -16.7 71.7 29.0 -12.1 13.8Dividend yield (%) 1.2 2.0 3.9 4.1 4.3PBT margin (%) 9.4 14.5 15.3 12.6 13.6Net margin (%) 7.9 11.2 12.6 9.8 10.5Sources: Company, JF Apex

due to the higher ASP.Although the group registered

an increase in the top line by 15.7% y-o-y, the CNP fell 21.1% as com-pared to 9MFY16 mainly due to higher costs from the spike in raw material prices.

As compared to 2QFY17, the 3QFY17 revenue was marginally higher by 2.1% due to the higher ASP which caused orders to be deferred. Also, during the quarter, the US dol-lar weakened against the ringgit. Th e increase in raw material prices also led to a decline in the profi t before tax (PBT), down 10.9% q-o-q.

Th e group’s consistent focus on internal improvements and the well management of costs mitigated the impact of rising raw material costs and a 5% decline in sales volume in 3QFY17. Hence, the core net earn-ings registered a marginal decline of 0.9% q-o-q.

The group acquired two glove factories in Nilai and Muar last May. Th e acquisitions are in progress and targeted to be completed by August this year. Th e combined production capacity will be boosted to 1.1 bil-lion gloves per annum which will

pave the way for greater access to the China market.

Th e group has declared a fi rst sin-gle-tier interim dividend of six sen per share which will go ex on July 3 and to be paid on July 28 this year.

We slash our earnings forecast for FY17 by 7% to account for the higher raw material prices. However, we maintain our forecast for FY18.

We peg the stock at 19 times FY18 earnings per share (EPS), which is close to its three-year mean price-earnings ratio. We are sanguine about the outlook as we believe the group could deliver better earnings in 4QFY17 as raw material prices have stabilised.

While we like the group’s ongoing expansion plans and its strategies adopted in alleviating the negative impacts of rising raw material costs on earnings, we opine that the stock is now fully valued and remain cau-tious about the broader outlook with lingering intense competition among glove players, relatively high cost of raw materials in recent weeks, and strengthening of the ringgit against the US dollar. — JF Apex Securities, June 19

Panasonic Manufacturing Malaysia Bhd(June 19, RM35.22)Maintain at neutral with an un-changed target price of RM32.40: To recall, the earnings of Panason-ic Manufacturing Malaysia Bhd’s home appliance segment for the fi nancial year ended March 31, 2017 (FY17) were impacted by a lower profi t before tax margin as operating costs increased at a faster pace which resulted in the fi nancial year’s performance com-ing in lower than expectations.

The poor results of the seg-ment were due to the underper-formance of its products, such as the rice cooker segment, which was struggling to reach a break-even level due to the higher cost of production as a result of the transfer of manufacturing activi-ties from Th ailand to Malaysia. Its vacuum cleaner and iron segment recorded a lower sales as its main market, the Middle East, which accounted for 80% of total sales, did not fully recover in FY16.

As at the fourth quarter of FY17 (4QFY17), cash and cash equiva-lents stood at RM602.43 million, at +0.1% year-on-year, which were a signifi cant 60% of total assets. In addition, all of its subsidiaries were in net cash positions, hence inter-company lending is unnec-essary at this juncture.

Approximately 80% or RM500

Improvement expected for Panasonic’sFY18 performance

Panasonic Manufacturing Malaysia Bhd

FYE MARCH (RM MIL) 2015 2016 2017 2018F 2019F

Revenue 931 1,086.7 1,123.0 1,179.5 1,217.9Profit before tax 129.8 185.2 158.1 186.6 199.2Net profit 99.5 146.9 127.1 145.6 157.4Normalised net profit - 137.4 134.0 145.6 157.4Pre-tax profit margin (%) 13.9 17 14.1 15.8 16.4Net profit margin (%) 10.7 12.6 11.9 12.3 12.9Normalised EPS (sen) 164 226 221 240 259EPS growth (%) 23.3 47.6 -2.5 8.6 8.1PER (x) 22.2 16.1 16.5 15.2 14.0Net dividend (sen) 142 139 123.3 143.8 155.4Dividend yield (%) 3.9 3.8 3.4 4.0 4.3Sources: Company, forecasts by MIDFR

million of the cash is placed in fi xed deposit instruments at local fi nan-cial institutions (FIs) yielding an average interest income of 3.5% annually. The reasons for such a high cash hoarding are due to an expansion project where RM100 million will be needed in the next two years, in hedging activities as part of the group strategy, and the negotiations of better interest rates from FIs. Th erefore, despite the cash pile build-up, the company’s divi-dend payout ratio will still be fi xed at 60% of profi t after tax.

Despite the lacklustre FY17 re-sults, we opine that there will be an improvement in FY18 fi nancial performance as the rice cooker seg-ment is targeted to break even from losses incurred in FY17 while the vacuum cleaner segment could see some recovery as of 1QFY18.

In contrast, the sales from the fan segment might slow down this year due to lower project sales from the government for the installation of fans. In addition, given that 60% of sales are to overseas markets, a stronger ringgit this year will re-duce the foreign exchange gain al-beit lowering the cost of purchasing raw materials. Nonetheless, recent increases in the prices of alumini-um and copper reduce the benefi t of having a stronger ringgit. Hence, we remain “neutral” on the com-pany’s future prospects. — MIDF Research, June 19

Genting Plantations Bhd(June 19, RM11.12)Maintain hold with a target price of RM10.55: Th e second premium outlet — Genting Highlands Pre-mium Outlet (GHPO) by Genting Simon — opened its doors to the public on June 15, 2017. Th is project is a 50:50 joint venture (JV) between Genting Plantations Bhd and Simon Property Group.

We attended the soft launch cer-emony. The GHPO could double the retail contributions to Genting Plantations’ profi t before tax (PBT). We believe the GHPO provides for better earnings visibility versus the Johor Premium Outlet (JPO) given its more strategic location (natural visitor fl ow from the annual 20 mil-

lion visitors to Genting Highlands) and cooler weather.

GHPO is also Southeast Asia’s fi rst hilltop premium outlet centre. Th e GHPO is located in the same lo-cation as the New Awana Skyway to Genting Highlands and it is only a 45 minutes’ drive from Kuala Lumpur city centre.

We gather that 80% of the 150 outlets at the GHPO have opened for business and all stores are well-stocked.

Most of the food and beverage (F&B) outlets are expected to be ready in one to two months’ time as more time is needed for store set-ups. Moreover, the cool weather has further enhanced the shopping ex-perience at GHPO.

Larger leasable areas and a high-er ratio of F&B outlets (which give higher rental/revenue sharing to Genting Plantations) are also positive for Genting Plantations’ earnings.

JPO’s earnings grew at a five-year compound annual growth rate (CAGR) of 79% for 2011 to 2016, or contributed about 4.2% to the group’s PBT last year. We are forecasting both outlets (JPO and GPO) to see earn-ings grow at a three-year CAGR of 44% for 2016 to 2019 (forecasting a high single-digit growth for JPO given a higher base), contributing about 10% to the group’s PBT in 2019.

From April to May this year, fresh fruit bunch (FFB) production grew 6% month-on-month respectively. We understand that FFB production

growth remained positive in the fi rst 15 days of this month.

However, FFB production is like-ly to be fl at for this month due to fewer harvesting days as the Hari Raya festive holidays fall at the end of the month. For the cumulative fi ve months of 2017, FFB production in-creased 38.5% year-on-year (y-o-y).

We remain conservative and maintain our FFB production growth forecast of 16% y-o-y for 2017 as we expect a softer production growth momentum due to a higher base. Th is is in line with the management’s ex-pectation of FFB production growth of above 15% y-o-y in 2017.

Meanwhile, production growth from its Malaysia operations might not be as strong as Indonesia’s due

to the replanting programme in Ma-laysia.

We are expecting Genting Plantations to report better quar-ter-on-quarter (q-o-q) and y-o-y re-sults in the second quarter ending June 31, 2017 on the back of better FFB production q-o-q and y-o-y and supported by higher crude palm oil prices y-o-y.

Based on our channel checks, Genting Plantations sold most of its production at spot prices, which were traded higher than future or forward pricing.

We maintain our earnings per share forecasts of 48.4 sen, 52.7 sen and 56.2 sen for 2017, 2018 and 2019 respectively.— UOB Kay Hian, June 19

Genting Plantations’ premium outlet opens with high hopes

B R O K E R S’ C A L L 1 1TUESDAY JUNE 20, 2017 • THEED G E FINANCIAL DAILY

MRCB’s acquisition of three land parcels to be completed in 4QMalaysian Resources Corp Bhd(June 19, RM1.38)Retain hold with an unchanged target price of RM1.42: Malaysian Resources Corp Bhd (MRCB) an-nounced that it is buying three par-cels of land in Kuala Lumpur city centre for RM336 million via a sale and purchase agreement with the Kuala Lumpur mayor.

Th e land, measuring 10.6 acres (4.29ha), comprises two freehold plots and one leasehold plot. Th e acquisition is via Metro Spectacular Sdn Bhd, a joint venture (JV) that is 51%-owned by MRCB Land Sdn Bhd and 49%-owned by URP City Sdn Bhd. Th e acquisition is to be com-pleted in the fourth quarter ending Dec 31, 2017 (4QFY17).

This move is in line with the group’s longer-term strategy to in-crease its urban land bank that would benefi t from public transport infra-structure. We understand that the location of the land is considered

attractive, considering the scarcity of prime land in Kuala Lumpur for sizeable commercial developments. However, details of the development plans are unavailable at this juncture.

Th e total acquisition cost trans-lates into RM765.4 psf which seems fair considering the prime location and distance to the city centre. Th e land is located 4km north of Kuala Lumpur with main access roads in-cluding Jalan Putra, Jalan Tun Ismail, Jalan Tun Razak and Jalan Kuching.

As at the end of 1QFY17, MRCB’s total land bank stood at 399.5 acres, of which 61% (245 acres) is trans-port-oriented developments includ-ing Kuala Lumpur Sentral, PJ Sen-tral, Kwasa Sentral and Cyberjaya City Centre. Commercial develop-ments make up 17% of total land bank, while the balance is residen-tial projects. Total outstanding gross development value is RM49 billion to be recognised over the next fi ve to 10 years.

Th is new land acquisition would raise its total land bank by 3% and have minimal impact on revalued net asset valuation. We believe the new 10.6-acre land could be ear-marked for a mixed development, to be rolled out in stages over three to seven years.

While this land acquisition comes hot on the heels of the RM2.9 bil-lion rights issue announced in mid-May, where RM233 million to RM916 million (11% to 32% of total rights proceeds) have been earmarked for property development and con-struction, we understand from the company that this land purchase will not be funded via these rights issue proceeds.

Based on the group’s 51% JV share, MRCB would need to fork out RM171.1 million which can be supported by its end of 1QFY17 cash balance of RM672 million. Th e rights issue, on the other hand, will be completed in 3QFY17. — CIMB Research, June 16

Eastern & Oriental Bhd(June 19, RM1.72)Maintain neutral with a target price (TP) of RM2: Eastern & Oriental Bhd (E&O) is selling its subsidiary E&O Express Sdn Bhd which owns and operates the Lone Pine Hotel in Batu Ferringhi, Penang, for RM85 million. Th is is consistent with plans to dispose of non-core assets to lighten its debt.

We understand that the bulk of the proceeds will be used for working capital and the repayment of bank borrowings (totalling RM83.9 million net of sale expenses). E&O expects to realise an estimated gain on disposal after taxation of about RM23.3 mil-lion upon the completion of the deal.

Net gearing is expected to im-prove from 0.75 times to 0.71 times after the completion of the dispos-al. To recap, the company has plans to lower its net gearing to about 0.5 times in the near term.

We maintain “neutral” and a TP of RM2, pegged at 50% discount to revalued net asset valuation.

E&O has signed a share sale agreement with Langkawi Saga Shopping Centre Sdn Bhd and Lu-britrade Trading Pte Ltd to eff ect the disposal of the Lone Pine Hotel. Th e proposed sale is expected to be completed by October 2017.

We are positive on the asset sale

as this will strengthen the group’s balance sheet via realising cash re-sources which can then be deployed into identifi ed projects and invest-ments to maximise returns.

We understand that the annual interest savings (assuming all net proceeds are used to pare down debt) are estimated to be about RM4.6 million. We keep our earn-ings estimates unchanged for now pending completion of the deal.

As mentioned in our earlier report, we believe that E&O has certain other non-core assets that could be disposed of, such as Straits Quay Retail (RM233 million book value), and non-strategic land bank such as its 0.9-acre (0.36ha) land in Jalan Liew Weng Chee (off Jalan Yap Kwan Seng) that has a market value of about RM55 million. If the price is right, we believe that it will also offl oad its overseas undevel-oped land bank. — PublicInvest Research, June 19

Expect E&O’s Lone Pine Hotel sale by October

We understand the bulk of proceeds will be used for working

capital and repayment of bank borrowings.

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Only shortlisted candidates will be notifi ed

1 2 H O M E TUESDAY JUNE 20, 2017 • THEEDGE FINANCIAL DAILY

Indonesia, Malaysia, Philippines launch joint naval patrols

Government to doublePPA1M houses to 200,000Najib says 3,563 units have been completed, occupied

PUTRAJAYA: Th e government has decided to build 200,000 units of houses under the 1Malaysia Civil Servants Housing (PPA1M) pro-gramme, double the number orig-inally targeted.

Th is was disclosed by Prime Min-ister Datuk Seri Najib Razak at the handover of keys to owners of the Selasih PPA1M programme in Pre-cinct 17 here yesterday.

Najib, who is also fi nance min-ister, said Chief Secretary to the Government Tan Sri Dr Ali Hamsa had made the proposal to double the number of units.

He also said that the gov-ernment wanted to ensure the well-being and comfort of all civil servants.

“It is the cherished dream of every individual, more so those who

are married, to own an aff ordable house suitable to one’s capability, taste and needs.

“Of course, the house must be suitable in accordance with the size of the family, aff ordable in terms of monthly salary deductions and in the vicinity of modern facilities such as kindergartens, recreational areas, surau and so on.

“It should also be of high quali-

ty and not far from the workplace,” he said.

On April 23, the government an-nounced it would build 100,000 units of houses throughout the country under the PPA1M pro-gramme.

Najib said 3,563 units of these houses had been completed and occupied.

He said the prices of these

houses were lower than the mar-ket prices of between RM200,000 and RM300,000, depending on the size. For every unit, the govern-ment provides a subsidy of between RM25,000 and RM38,000.

Najib also said that Putrajaya Corp had agreed that the monthly maintenance payment for these houses be reduced from 20 sen to 16 sen per square foot. — Bernama

KOTA BARU: SME Corp had dis-bursed RM5.63 billion in grants and loans to 43,094 small and medium enterprises (SMEs) na-tionwide as of May 31 this year, said Deputy International Trade and Industry Minister Datuk Ah-mad Maslan.

He said the amount was dis-bursed via various programmes such as the Bumiputera Enterprise Enhancement Programme, Bu-miputera Export Promotion Pro-gramme and Bumiputera Youth Entrepreneurial Programme.

“This is part of SME Corp’s ongoing efforts to achieve the nation’s target set for entrepre-neurs,” Ahmad said.

Ahmad said this to reporters after attending the Kelantan En-trepreneurs Casual Chat Pro-gramme here yesterday.

He said there were 645,136 SME entrepreneurs nationwide, adding that eff orts were being

made to increase the number of bumiputera entrepreneurs as they only owned 37% of SME companies in the country.

“Right now, there are 38,064 SMEs in Kelantan, 92% of which are microbusinesses with less than fi ve workers, and less than RM300,000 in sales per annum,” he said, adding that he hoped mi-crobusinesses in Kelantan would be able to upgrade themselves to achieve the “small entrepre-neur” status.

Ahmad said the ministry would also help the state’s en-trepreneurs affected by issues such as financing, marketing, lack of fresh water supply, in-crease in operational costs and monsoon fl oods.

“I hope SME entrepreneurs would take advantage of the as-sistance provided through var-ious government agencies,” he said. — Bernama

TARAKAN: Indonesia, Malaysia and the Philippines began joint naval patrols in the region yesterday amid increasing threats from extremist groups, AFP reported.

Th e “trilateral coordinated mar-itime patrol” was launched amid continuing battles between Phil-ippine troops and gunmen loyal to the Islamic State group, who have seized part of the city of Marawi in Mindanao.

Indonesia’s military chief Gatot Nurmantyo said the patrols were timely as his country tried to stop Marawi militants from escaping to Indonesia while posing as refugees.

Th e three neighbours agreed in May 2016 to conduct the joint pa-trols and share intelligence, after a series of kidnap of foreigners by the Abu Sayyaf, a separatist group based mainly in the southernmost Philippine islands, who beheaded

several victims after ransoms were not paid.

“Th e series of piracy attacks ac-companied by kidnappings that occurred frequently in the Sulu [Sea] waters have had a huge secu-rity impact on surrounding coast-al countries ... and have pushed us to conduct a coordinated pa-trol among three countries,” said Nurmantyo when the joint patrols were launched on the Indonesian island of Tarakan.

Th e three countries also set up maritime command centres — in Tarakan for Indonesia, Tawau for Malaysia and Bongao for the Phil-ippines — to collect information and coordinate the patrols.

Th is will enable the closest ship from any nation to be sent to an-swer distress calls and allow for hot pursuit, Nurmantyo said.

Meanwhile, Bernama report-

ed Defence Minister Datuk Seri Hishammuddin Hussein as saying that although the initiative was still in its infancy, the trust among the three countries, in addition to joint patrols, sharing of assets and intel-ligence, showed the Asean spirit.

“However, we have to decide at the ministerial level fi rst, because the ones who came were only repre-sentatives of their respective defence ministers,” he said in reference to Sin-gapore Senior Minister of Defence Dr Mohamad Maliki Osman and Brunei Deputy Minister of Defence Datuk Seri Abdul Aziz Mohd Tamit, who were present as observers.

“However, their presence clearly shows that all parties understand that the enemy in the southern Phil-ippines today is a common enemy, and it is impossible to deal with the threat alone,” Hishammuddin said. — AFP/Bernama

KUALA LUMPUR: A foreign ex-change (forex) trader was sen-tenced to one day’s jail and fi ned RM4,000 by the Sessions Court here yesterday after he pleaded guilty to insulting Prime Minister Datuk Seri Najib Razak via his Facebook account in October.

Judge Zaman Mohd Noor also ordered Mohd Nasaruddin Saron, 41, to serve another two months in jail should he fail to settle the fi ne.

Mohd Nasaruddin consciously used his Facebook account under “Nasaruddin Saron” to make and post a status deemed off ensive with intention to insult another person on Oct 26 last year.

Th e posting was then read by a complainant at Menara A, Pan-dan Kapital in Pandan Indah here the next day.

Mohd Nasaruddin, from Kota Tinggi, Johor, was charged under Section 233(1)(a) of the Commu-

nications and Multimedia Act 1998 for improper use of network facilities for communications that are deemed off ensive, false or obscene, among others.

Th e off ence is punishable with a fi ne not exceeding RM50,000, or by imprisonment not exceeding one year, or both. An additional fi ne of RM1,000 per day is also imposed for each day the off ence is continued upon conviction.

Earlier, deputy public pros-ecutor Mohd Sophian Zakaria from the Malaysian Communi-cations and Multimedia Com-mission asked for a jail sentence and fi ne to be imposed on Mohd Nasaruddin, as the off ence had become rampant in the country and the off ensive remarks were uncalled for.

Mohd Nasaruddin, who was unrepresented, pleaded for a lighter sentence as this was his fi rst off ence. — Bernama

HARI RAYA SURPRISE ... Selangor deputy police chief DCP Datuk Abdul Rashid Abdul Wahab presenting a souvenir to a motorist during the launch of Ops Selamat 11, a traffi c safety campaign for the Hari Raya Aidilfi tri festival, at the Lingkaran Trans Kota Sdn Bhd operations centre in Subang Jaya yesterday. Photo by Bernama

Ahmad Maslan: SME Corp has disbursed RM5.63b to SMEs

Forex trader gets jail, fi ne for off ensive post against PM

1 4 H O M E TUESDAY JUNE 20, 2017 • THEEDGE FINANCIAL DAILY

Give clear picture of cabotage policy

Three men acquitted of promoting terrorism

Assistant veterinary offi cer charged with four counts of corruption

Court orders home ministry to fi le specialist report in Jill Ireland caseRMAF refutes claims that

crashed jet was problematic

Govt needs to clarify uncertainties surrounding exemption for Sabah, Sarawak, Labuan — shipowners

KUALA LUMPUR: Th ere is a need to clarify the uncertainties surround-ing the exemption of the cabotage policy for Sabah, Sarawak and La-buan, says the Malaysia Shipowners’ Association (Masa).

Th e shipowners said this in con-nection with Prime Minister Da-tuk Seri Najib Razak’s recent an-nouncement on the exemption of the cabotage policy from June 1.

Masa chairman Faizul Ismail said in a statement a clearer explanation is required on whether the exemp-tion will only aff ect general and con-tainerised cargo or in a worst-case

scenario, is applicable to all cargo. He said a major implication for the local shipping industry on imple-mentation of the exemption is the potential abuse of controlled and subsidised goods distribution, when it is carried by foreign-fl agged ships.

“These goods may not land in Sabah, Sarawak and Labuan, when proper controls are not in place for the foreign-fl agged ships. Th is is not the case when goods are carried by Malaysian-registered ships and dis-charged fully at ports there,” he added.

Th ere is also the risk of the ab-sence of local shipowners serving

Sabah, Sarawak and Labuan, due to the non-competitive environment for them in comparison to the for-eign-fl agged shipowners and oper-ators. In addition, the exemption of the cabotage policy will lead to the potential “dumping” of old ships from neighbouring countries to trade in Malaysian waters and should as such be capped at a certain age for entry.

Masa is encouraging the gov-ernment to consider a review of the policy, including exemption being restricted to the International Trans-shipment Container (ITC) trade to Sabah, Sarawak and Labuan and not

include the indigenous products lo-cally produced in Peninsular Malaysia and all types of cargo. Another sug-gestion is only the main line operator or foreign ship operator be allowed to partake in the feedering of ITC, with non-vessel operator common carrier and international freight forwarders not permitted to partake of either lo-cal indigenous cargo or ITC.

After 1980, when the cabotage policy was introduced, the Malay-sian shipping industry tonnage grew significantly to 12 million dead-weight tonnage (DWT) in 2011 from 1.87 million DWT in 1980. Th e devel-

opment took about 30 years, taking into account all the challenges faced by the Malaysian shipping industry. Currently, the shipping industry tonnage has shrunk to about nine million DWT due to maritime busi-ness environment challenges such as low freight rates.

“With implementation of the ex-emption, there will as such be an irreversible damage and a very chal-lenging task of rebuilding the lost tonnage, capability and capacity of the Malaysian shipping industry, due to high investment and capital costs,” Faizul said. — Bernama

KUALA LUMPUR: Th e Royal Malay-sian Air Force (RMAF) has rejected viral claims that its Hawk 108 fi ghter jet that crashed in a swamp area in Chukai, Kemaman in Terengganu last Th ursday was known to be en-countering problems.

The RMAF headquarters in a statement issued here yesterday said the aircraft had gone through a post-maintenance fl ight test two days before the tragedy.

“Th e RMAF will not compromise on its aircraft safety and airworthi-ness, and has always stressed on the highest-level maintenance under its supervision,” it said.

According to the statement, the RMAF had found pieces of the wreckage from the ill-fated Hawk 108, besides the two ejection seats.

It said the search for other parts of the wreckage would continue to complete its investigation into the cause of the crash.

Th e statement also said that the RMAF search team was facing prob-lems in conducting the operation due to the terrain and soft ground, apart from the search location be-ing swampy.

However, the RMAF has received assistance from various agencies including the Malaysian Army,

Royal Engineers Regiment, Royal Malaysian Police and the Science and Technology Research Institute for Defence.

Th e two RMAF pilots killed in the air crash were Major Hasri Zahari, 31, and Major Yazmi Mohamed Yusof, 39.

Th e fi ghter jet left the Kuantan RMAF base at 11am last Th ursday and lost communication half an hour later before the bodies of the two victims were found at 2.30pm at a swamp forest in Kampung Yak Yah in Chukai. — Bernama

KUALA LUMPUR: Th e High Court here has ordered the home minis-try to fi le a report by an expert on whether the use of the word “Allah” is exclusive to Muslims.

Th e decision was made by Judge Datuk Nor Bee Ariffi n in a judicial review application by Jill Ireland Lawrence, a Christian, her lawyer Annou Xavier told reporters yester-day. Xavier said the report would be fi led by the home ministry through the Attorney-General’s Chambers.

Th e report will be fi led on or be-fore July 14, he said, adding that the court had also set Sept 19 to hear the merit of the judicial application.

Senior federal counsel Shamsul Bolhassan, representing the home ministry and the government, named as respondents in the application, said they would identify an expert on the matter for the purpose.

Ireland, a Melanau from Sarawak, fi led the judicial review application on Aug 20, 2008 for the return of eight compact discs (CDs) which were seized from her on May 11, 2008,

upon her arrival at the low-cost car-rier terminal in Sepang.

The CDs had the titles “Cara Hidup Dalam Kerajaan Allah”, “Hidup Benar Dalam Kerajaan Allah” and “Ibadah Yang Benar Dalam Kera-jaan Allah”.

On July 21, 2014, the High Court ordered that the CDs be returned to Ireland, but it did not make an order on the declaration applied for by the woman that she had the right to keep, use and import published materials containing the word “Allah”.

On June 23, 2015, the Court of Appeal endorsed the High Court’s decision which ordered the home ministry to return the seized eight CDs belonging to her after dismiss-ing the appeal by the ministry and Malaysian government against the High Court’s decision.

Th e home ministry was ordered to return all the CDs within a month from the date of the decision, and also ordered that the declaration sought by Ireland be heard in the High Court. — Bernama

JOHOR BARU: An assistant veter-inary offi cer pleaded not guilty in the Sessions Court here yesterday to four counts of corruption involv-ing RM35,000 between August 2013 and April 2014.

Mohd Razi Basar, 40, who heads the ruminant unit of the Johor Veteri-nary Services Department, entered the plea after the charges were read out before Judge Mohd Fauzi Mohd Nasir.

On the fi rst and second counts, Mohd Razi, as the supply project of-fi cer at the Johor Veterinary Services Department, was alleged to have re-ceived with consideration cheques for RM5,000 and RM10,000 from a contractor by the name of Sarjuni Kariani, whom he knew had con-

nection with his offi cial function.On the third charge, Mohd Razi

was alleged to have committed a similar off ence by receiving a cheque for RM17,000 for himself, which was made under the name of his wife, Suriana Abdul Karim, from Sarjuni, at the same place on Jan 21, 2014.

On the fourth count, he was charged with receiving a cheque for RM3,000 for himself, which was also made under Suriana’s name, at the same place on April 10, 2014. The cheque was for him to verify the sup-ply of 340 bags of animal feed and 10 units of cyclone fence to the depart-ment and building materials for repair of cowsheds in Batu Pahat. Th e court set July 26 for mention. — Bernama

KUALA LUMPUR: Th e High Court here acquitted and discharged three men, including an Indone-sian, yesterday of a charge of pro-moting terrorism.

Judicial Commissioner Datuk Ab Karim Ab Rahman made the decision after fi nding the defence by the three men — Ali Saifuddin, 30, who is an Indonesian national, Nor Azmi Jalani, 30, and Mohd Yus-ri Mohamed Yusof, 29, suceeded in

raising reasonable doubts against the prosecution’s case.

“Th eir testimony is always con-sistent. Therefore, the court ac-quitted and discharged the three accused,” he said.

However, the court allowed a stay of their release pending an appeal by the prosecution, rep-resented by deputy public prose-cutor Mohd Nordin Ismail, as the accused were detained under the

Security Off ences (Special meas-ures) Act 2012.

Th e three men would be held in remand at the Sungai Buloh Prison.

Th ey were charged in the Alor Setar Sessions Court on April 30, 2015 with conspiring to promote terrorism-related activities in Ma-laysia between Jan 30 and April 6 the same year at a house in Pengkal-an Batu Hampar, Mukim Air Putih, Pendang in Kedah. — Bernama

An EC 725 helicopter carrying RMAF chief General Datuk Seri Aff endi Buang hovering over the site of the Hawk 108 crash in Kampung Yak Yah, Chukai in Kemaman as members of the search team scoured the area for debris yesterday. Photo by Bernama

C O M M E N T 1 5TUESDAY JUNE 20, 2017 • THEED G E FINANCIAL DAILY

Energy markets can surviveFar from clear that Qatar is on a one-way path to stagnation

The blockade against Qatar is undoubtedly causing difficulties for citizens on the small Persian Gulf emirate. But its iso-

lation is far from complete, and chinks in the wall are a clear in-dication that the connections that exist between Qatar and its un-easy neighbours cannot easily be broken. And, it looks like energy markets can survive the policy.

Qatar’s rulers built the coun-try’s independence on exports of hydrocarbons — particularly nat-ural gas — and fl ows of these com-modities have been put at risk by the restrictions imposed by Saudi Arabia, the United Arab Emirates (UAE), Bahrain and Egypt.

As I noted last week, the pre-cise nature of these restrictions is far from clear. Some authorities

SHORTLY after UK Prime Minis-ter Theresa May’s decision to call an unexpected “Brexit election,” I wrote that pro-Europeans in Britain might yet snatch victory from the jaws of defeat. But the timescale I had in mind was five years, not five weeks.

How long May will survive as prime minister is impossible to predict. Her fate will depend on personal vendettas and Byzan-tine political rivalries, not only in London, but also in Edinburgh and Belfast. But in trying to an-ticipate the outcome of the Brexit negotiations, the questions that matter no longer have much to do with May’s political survival.

Are Britain’s parliamentary arithmetic and public opinion moving in favour of or against the “hard Brexit” — a drastic clamp-down on immigration and with-drawal from the European Un-ion’s (EU) customs union, single market, and legal jurisdiction — planned by May before the elec-tion? And if Britons are turning against May’s agenda, will EU leaders offer them a face-saving compromise similar to that of-fered to Norway, which remains outside the EU’s institutional structures, but accepts most of the obligations and costs of EU membership in exchange for the commercial benefits of the single market?

An EU relationship similar to

BY J U L I A N L E E in Saudi Arabia and the UAE say any vessel travelling to or from Qatar cannot enter their ports. More recently, the UAE’s Fed-eral Transport Authority limit-ed the ban to those that are Qa-tari-owned or flagged, and to the loading or unloading of ships trading with Qatar.

There is evidence that bans by Saudi, Emirati and Bahraini ports on ships which also call at Qatar are affecting the country’s oil and gas exports. The discounts I sug-gested that Qatar would need to offer to buyers of its oil to com-pensate for increased shipping costs are emerging.

The country’s Al-Shaheen grade recently traded at 70 US cents (RM3) to 90 US cents per barrel below the regional Dubai benchmark, compared with an average discount of 25 US cents last month.

Traders expect the gap to wid-en further, due to continuing un-certainty over whether vessels loading Qatari crude will be able

to call at other export terminals in the region, according to a Bloomberg survey.

The situation has taken its toll. Observed shipments of crude and condensate from Qatar are down 20% in the first half of June, com-pared with the average for all of May, according to Bloomberg’s tanker tracking. We cannot read too much into two week’s figures, because one shipment can have a big impact on daily average numbers, but the trend seems established.

Still, it is far from clear that the nation’s on a one-way path to stagnation. Vessels are still taking on cargo from Saudi Arabia and the UAE after loading in Qatar, just as they were before the ban. Since June 5, when the restric-tions were imposed, 13 tankers have loaded crude oil or con-densate from the country. All but four of them also took on cargo in Saudi Arabia, the UAE, or both. The barrier imposed between the two countries and Qatar is

porous, and may well remain so.For Europe, the worry was

that Egypt might deny passage through the Suez Canal for ships carrying Qatari liquefied natural gas. That is still only a worry. Ves-sels laden with Qatari LNG are still using it, though fewer than before the crisis erupted.

Two LNG carriers bound for the UK altered course to take the longer route around Africa rath-er than through the canal, but whether for commercial reasons or for fear of being turned away is unclear.

Egypt itself is still receiving Qatari LNG, but here again the pace seems to have slowed, with just one tanker discharging at the country’s Ain Sukhna terminal in the 10 days since June 5. This compares with an average of one every five days during May.

The measures taken against shipping from Qatar are only slightly worse than an incon-venience. An escalation could increase the harm — and cause

damage to customers who also have relationships with Saudi Arabia and the UAE.

A total blockade risks raising the stakes. If it were to start prevent-ing, for example, a big Japanese or Chinese refi ner from acquiring the crudes they need, the ban would be seen as destabilising the global oil fl ow rather than taking a stand against a recalcitrant neighbour. For these reasons, the current po-rous ban and uncertainty may suit the Saudis.

What about the impact on oil prices? Last week the mar-ket sagged back below levels last seen in November, before Opec agreed to the output cut that was meant to rebalance the market and lift them back towards US$60 per barrel.

If you were thinking that rising political tension in the Middle East and the threat of a blockade on some 500,000 barrels a day of supply onto the world market would send prices soaring, think again. — Bloomberg

Britain’s Norway solutionBY A N ATO L E K A L E T S K Y Norway’s is the only model that

could attract public and political support in Britain, without threat-ening EU principles or inflicting serious economic costs on either side. The institutional arrange-ments for this option already ex-ist, in the form of the European Economic Area (EEA), a sort of anteroom to full EU member-ship, currently occupied by three small but prosperous European countries: Norway, Iceland, and Liechtenstein.

These countries considered EU membership in the late 1980s, but for various reasons decided not to join. All wanted to integrate their economies and labour mar-kets with Europe, and, after the Brexit vote, Britain was widely expected to try to negotiate a Nor-wegian-style EEA arrangement, rather than the rupture proposed by May.

It was only last September, three months after becoming prime minister, that May surprised the world by effectively ruling out the EEA option, telling the Con-servative Party’s annual confer-ence that those who call them-selves “citizens of the world” are really “citizens of nowhere,” and that the free movement of people required by EEA membership was therefore unacceptable. In Jan-uary, she officially announced that Britain would not seek mem-bership of the EU single market, because this would require free movement, a position confirmed in the Tories’ election manifesto.

But is May’s aversion to immi-grants still relevant, now that the

election on June 8 has made her a lame duck and unstable par-liamentary alignments and the shifting balance of public opinion will drive the Brexit negotiations?

Public opinion on immigration will be the most important de-terminant of Britain’s European policy in the months ahead. And the unexpected election outcome, backed by strong evidence from polling, suggests that public atti-tudes concerning the free move-ment of people are more nuanced and less hostile than May’s rhet-oric and the Conservative mani-festo had assumed.

In fact, British voters mostly support free movement, if it is pre-sented not as an anti-democratic imposition by foreign bureaucrats, but rather as a right that British and EU citizens reciprocally en-joy. In May, YouGov, the British polling company that came closest to predicting the election result, added to their final pre-election poll of 1,875 voters the following question: “In negotiating Britain’s departure from the EU, do you think our government should of-fer EU citizens the right to travel, work, study, or retire in Britain, in

exchange for EU countries giving British citizens the same rights?” (Full disclosure, this question was suggested by Best for Britain, an organisation I helped to establish and chair.)

The answers defied conven-tional wisdom. Voters in this care-fully weighted sample favoured free movement by four to one. Sixty-two per cent said “yes,” 17% “no,” and 21% answered, “don’t know.” Moreover, there were clear majorities in favour of free move-ment in every sub-group of the sample, whether categorised by age, region, or political-party sup-port, with one exception: the small minority of voters who supported the anti-immigrant UK Independ-ence Party.

The upshot is that a new rela-tionship based on the EEA model, allowing Britain to keep most of the benefits of the EU customs union and single market along-side free movement of people, would not only be economically less painful than a hard Brexit; it would also be supported by a large majority of voters.

The combination of sin-gle-market membership and free movement would be particularly popular with the large cohort of young people who turned out to vote last week for the first time and who consider the ability to live, work, or study anywhere in Europe a major benefit of EU membership, not a cost.

From the standpoint of British politics, it is possible that EEA membership will become the lodestar steering Brexit negoti-

ations in the months ahead. But how would the EU respond?

For other EU countries, a Brexit negotiation based on EEA mem-bership should be a perfectly ac-ceptable, even welcome, outcome. EEA membership would not amount to British “cherry pick-ing” of EU benefits, which other countries have understandably refused to accept.

This is because, by almost any standard, EEA membership is clearly inferior to full EU member-ship. In addition to accepting free movement of people, EEA mem-bers must follow EU commercial rules and accept decisions by the European Court of Justice, without any formal role in making these rules and decisions.

For these reasons, when the EEA was established in 1994, it was intended only as a tempo-rary transitional arrangement for countries — such as Austria, Sweden, Finland, and Norway — which planned to become EU members, but were not ready to join. For Austria, Sweden, and Finland, full membership came as intended. But in Norway, vot-ers rejected EU membership in a referendum and still do. Norway’s “temporary” EEA membership has now stretched to 23 years. Could this be a precedent for Britain? — Project Syndicate

Anatole Kaletsky is chief econo-mist and co-chairman of Gavekal Dragonomics and the author of Capitalism 4.0, The Birth of a New Economy.

An EU relationship similar to Norway’s is the only model that could attract public

and political support in Britain.

1 6 F O C U S TUESDAY JUNE 20, 2017 • THEEDGE FINANCIAL DAILY

Chinese giants are taking over Hong KongBanks, real estate, telecommunications show biggest China infl uence

BY P R U D E N C E H O

PHOTOS BY BLOOMBERG

WHAT a differ-ence 20 years makes. Back when Hong Kong revert-ed to Chinese

sovereignty in 1997, the British col-ony’s economy was dominated by home-grown tycoons such as Li Ka-shing and colonial-era conglomer-ates such as Jardine Matheson Hold-ings Ltd, whose influence dates back to the Opium Wars.

Now, in 2017, a new sheriff is coming to town, so to speak. While Li and his peers are still big, the in-fl uence of local tycoons in parts of Hong Kong’s economy is waning while that of mainland Chinese companies is surging — especially in fi nance, real estate and telecom-munications. China’s prevalence continues to grow in other sectors as well.

Hong Kong has long acted as the gateway into and out of China. In the 90s, Chinese state-owned fi rms, known as red chips, raised capital from Hong Kong to develop China’s economy. Now, as China’s political infl uence in Hong Kong grows, cash-rich Chinese fi rms are gaining more infl uence in the econ-omy as well.

In a city where financial ser-vices make up almost 18% of the economy, Chinese companies are now everywhere. From not even appearing on the list of top 10 ar-rangers of initial public off erings (IPOs) back in 1997, the likes of China Construction Bank Corp and Haitong Securities Co now domi-nate as sponsors in Hong Kong’s market, one of the world’s biggest. About US$5 billion (RM21.4 billion) of funds were raised from IPOs in the city so far this year, compared with US$3.4 billion in all of 1997.

Chinese developers, including HNA Group Co and Logan Prop-erty Holdings Co, have outbid lo-cal contenders for expensive land for development, snapping up all HK$37 billion (RM20.3 billion) worth of government land sold for residential development this year. Local developers? Zero. Hong Kong developers, such as Hender-son Land Development Co, have stuck to bidding for commercial real estate instead.

Th ey are increasingly seen in the phone market, too, with a unit of China Telecom Corp planning to launch mobile services this month. And in media ownership, the city’s premier English-language newspa-per, the South China Morning Post, was purchased last year by Chinese billionaire Jack Ma with the stated intent of presenting a view of Chi-na that’s more Chinese-infl uenced than Western.

“What the Chinese Communist

Party is interested in is the fun-damental change of Hong Kong people’s mindset and mentality, who are basically not receptive to such an ideology and practice,” said Professor Ting Wai, who teach-es political science at Hong Kong Baptist University. “Local tycoons, long occupying a dominant posi-tion in Hong Kong’s economy, will gradually lose their primary posi-tion in the local economy unless they collaborate with mainland enterprises.”

Bye-bye, western bank dominanceIn 1997, Morgan Stanley, HSBC Holdings plc and Merrill Lynch were the leading underwriters of IPOs in Hong Kong on a top 10 list made up of only local and global fi rms, according to data compiled by Bloomberg.

Now, nine out of 10 are mainland Chinese, with China Construction Bank Corp, Haitong Securities Co and Agricultural Bank of China Ltd atop the list.

To win market share, Chinese

investment bankers have driven down fees. For some IPOs, espe-cially high-profi le deals, advisers are paid just half of what they used to get fi ve years ago — just 1% of the value of the deal.

Th e shift coincides with more and more Chinese companies vy-ing to go public in Hong Kong as a cornerstone for global expan-sion. Now, virtually all new listings on Hong Kong’s exchange are of

China-origin companies, a change from six years ago when the ex-change lured global companies such as Prada SpA and Samsonite International SA.

Chinese versus local developers: knockoutMainland developers started out-bidding Hong Kong property bil-lionaires, who once dominated the buying of government land to

develop residential housing, in 2011. This year, Chinese buyers have snapped up all residential plots, extending their streak from last year when they put almost half of such sales into their pockets.

HNA, led by Chinese aviation tycoon Chen Feng, has been espe-cially active. Th e owner of Hainan Airlines Holding Co spent a total HK$27.2 billion on four sites at the former Kai Tak Airport since late last year. In its very fi rst foray into the city in November, HNA beat 19 bidders with a record HK$8.84 billion off er.

Hong Kong’s de facto central bank has now weighed in and placed restrictions on bank bor-rowings for construction and land purchases. Th at will aff ect many mainland Chinese developers who take on more debt than local fi rms to buy land, but it’s unlikely to stop the trend of local developers losing out to Chinese fi rms.

Penetrating the mobile marketAfter several rounds of consolida-tion of mobile-phone operators, China Mobile Ltd debuted in 2006 onto a scene that previously had no mainland operators. China’s larg-est wireless carrier acquired China Resources Peoples Telephone Co Ltd, then controlled by a mainland conglomerate. China Mobile now owns a fi fth of Hong Kong’s com-mercial phone airwaves. It shares the space with fi rms owned by lo-cal tycoons, including Sun Hung Kai Properties’ Kwok family, CK Hutchison Holdings Ltd’s Li Ka-shing and his son, Richard Li.

Another Chinese player, Chi-na Telecom, is also planning to launch mobile services in the city in June, while China Unicom (Hong Kong) Ltd began providing service in Hong Kong 15 years ago.

As Chinese fi rms move in, local companies are increasingly looking out. While Li’s Hutchison Wham-poa generated 69% of its earnings from Hong Kong businesses back in 1997, his fl agship fi rm today — CK Hutchison — garnered just 3% of earnings from Hong Kong last year after investments in Europe and Australia. Th ose moves have drawn criticism that he’s abandoning the city that made him its wealthiest man — a charge he has denied.

Chow Tai Fook Enterprises Ltd, the Hong Kong property and jew-ellery conglomerate owned by the Cheng family, recently acquired an Australian gas company, Alinta, in its foray into Australian utilities.

“To local tycoons, it’s not a ques-tion of maintaining their position as lead players. It’s now about sur-vival,” said Castor Pang, head of research at Core-Pacifi c Yamaichi International in Hong Kong. “If they don’t do something, they will be irrelevant.” — Bloomberg

01

02

01. HNA has been expanding its presence in Hong Kong, spending about HK$27 billion in recent months on four government land sites in the former Kai Tak Airport area.

02. A news stand featuring South China Morning Post’s branding outside the HSBC’s headquarters in Central, Hong Kong.

F O C U S 1 7TUESDAY JUNE 20, 2017 • THEED G E FINANCIAL DAILY

BY F R E D E R I K B A L FO U R

BY P R U D E N C E H O

& M AT T H E W C A M P B E L L

You could barely squeeze a Tesla into a US$500,000 apartment in HK

Lau standing in her kitchen. Photo by Blomberg

MRS Lau can’t help but glance nerv-ously at the calendar. Her next pay cheque isn’t for a week, and she doesn’t have enough money to feed her family of four crammed into her small, government-subsidised Hong Kong apartment. Her hus-band can’t work, and the kids don’t understand why their mother keeps buying stale food.

“We will eat rice soup for all three meals,” said the 42-year-old, a cashier at the Wellcome supermarket chain controlled by the Jardine Mathe-son group. Lau, who asked that only her surname be used, has been the sole provider for her seven-year-old daughter and 15-year-old son since her husband injured his back. She makes the equivalent of US$5.40 (RM23.11) an hour, nowhere near the US$15-an-hour minimum wage in cities like Seattle, where the cost of living is cheaper.

It’s an increasingly familiar tale in Hong Kong, a city of soaring sky-scrapers and glittering luxury bou-tiques that has become perhaps the epitome of income inequality in the developed world. Two decades after Britain handed the former colony over to China, its richest citizens — billionaires such as Li Ka-shing and Lee Shau Kee — are thriving, thanks to surging real estate prices and their oligopolistic control over the city’s retail outlets, utilities, tele-communications and ports. But not people like Lau.

“Hong Kong is an incredibly ex-treme case of unmitigated inequali-ty, with very little in place to stop it,” said Richard Florida, author of Th e New Urban Crisis and a director of the Martin Prosperity Institute in Toronto. “I don’t see it as being sus-tainable. It’s not the economics; it’s the political backlash. It generates a backlash, and people just get angry eventually.”

Hong Kong’s struggle to help its citizens improve their lives may rep-resent the greatest challenge to its unique economic model. Th e city has been lionised for decades by some economists as the closest thing to a free economy, with few regula-tions of any kind, and no retail sales or capital gains taxes. More than half of Hong Kong’s working population, including Lau, live below the level

Life in HK is harder than ever — unless you are a tycoon

FANCY an apartment the size of a Tesla Model X?

Th at’s about 161 sq ft — and the size of a Hong Kong micro-apartment sold by property giant Henderson Land Development Co for just less than US$500,000 (RM2.14 million). An actual Tesla Model X in Hong Kong starts at around US$150,000.

As Hong Kong housing prices reach new highs and keep the city the most unaff ordable for housing in the world, developers including billionaire Li Ka-shing’s Cheung Kong Property Holdings Ltd, Kow-loon Development Co and Hen-

at which they must pay income tax — and for the minority who do, the standard rate is a low 15%.

But wages have failed to keep up with costs, leaving hundreds of thou-sands of Hong Kong people barely able to get by. A common measure of inequality, the Gini coeffi cient, in which 0 is absolute equality and 1 is all money in a single person’s hands, illustrates the problem: Th e latest fi gure out recently puts Hong Kong at a record 0.539, the highest since data started being kept in the 70s. It’s the biggest disparity in Asia, greater than places like Papua New Guinea and Brazil.

“Hong Kong is a very interest-ing case study, where profits are sheltered from competition while labour cannot easily organise,” said Emmanuel Saez, an economics pro-fessor at the University of California, Berkeley, who often collaborates with Thomas Piketty, the French economist who wrote Capital in the Twenty-First Century. “Th is leads to very high inequality.”

In some respects, Hong Kong is experiencing a turbocharged ver-sion of the growing divide evident elsewhere. Formerly remunerative manufacturing jobs — Hong Kong used to be the world’s toy-making capital — have vanished, replaced at one end of the spectrum by highly paid bankers and at the other by low-wage waiters and fl oor sweepers.

Perverse eff ectOriginally intended to stimulate en-trepreneurial dynamism, the hands-off approach may have ended up having a perverse eff ect, allowing a few large companies to entrench their positions and ultimately stifl e competition. Charges of collusion between business and government have felled several offi cials and led to public discontent.

“The earlier generations have managed to entrench themselves so eff ectively; it becomes much more diffi cult for a new upstart,” said Steve Tsang, director of the China Institute at London’s School of Oriental and African Studies.

Even deep-pocketed foreign com-panies have trouble breaking in. French supermarket giant Carre-four SA spent four years trying to build a Hong Kong footprint before abandoning the city in 2000, citing the diffi culty of obtaining store lo-

cations. Th at’s not a problem for the two dominant supermarket chains, Wellcome and ParknShop, which are backed by their parent compa-nies: Jardines and CK Hutchison Holdings Ltd.

Debates about Hong Kong’s rich and poor tend to come back to one word: land. Housing is the least af-fordable in the world, according to housing-policy think tank Demo-graphia, with median prices relative to incomes far outstripping those of Sydney, London and San Francisco. Home prices have risen nearly 400% since a real estate slump ended 14 years ago.

Th at’s created an unpleasant lex-icon for living conditions unknown in other cities. “Cage homes”, as the name suggests, are compartments of wire mesh barely large enough to hold a single bed, often stacked on open-plan tenement fl oors. “Coffi n home” berths are slightly larger and off er a modicum of privacy, thanks to walls made of wood or plaster. For the middle class, developers have been building an increasing number of micro-apartments, the smallest just 128 sq ft, with price tags of more than US$400,000.

Almost all the city’s richest peo-ple largely owe their fortunes to real estate development. Th e wealthiest is Li, whose Cheung Kong Property Holdings Ltd posted HK$18 billion in underlying profi t last year. Th e runner-up is Lee, whose Hender-son Land Development Co made HK$14.2 billion. Assets of the 10

wealthiest people now equal 48% of Hong Kong’s economy, according to the Bloomberg Billionaires Index.

Th ey have thrived within a pecu-liar system in which the Hong Kong government, which technically owns all available land, auctions off long-term leases to developers, some of whom are indirectly on both sides of the exchange. Hong Kong’s political leader is selected by a 1,200-member committee of notables, including Li and Lee, and others made wealthy by the system. Th is is part of why tycoons have an advantage, said Mathew Wong, an assistant professor at the University of Hong Kong who studies inequality and democracy.

“Th e housing market is a huge struggle,” said Fred McMahon, a res-ident fellow at Canada’s free-market Fraser Institute. Th e think tank’s an-nual economic freedom index gives top honours to Hong Kong, a status that “highly correlates with economic well-being, but not exactly”, he said.

Hong Kong’s leaders have taken some steps to help. Th ey introduced a minimum wage for the fi rst time in 2011. It’s now HK$34.50 (RM18.92) an hour, or US$4.43 — a level the US exceeded in 1996. In 2015, the fi rst-ever broad antitrust law was passed; previously, no formal com-petition rules existed, apart from in telecommunications and broad-casting. Incoming Chief Executive Carrie Lam has pledged to step up construction of affordable apart-ments and improve education to help workers get higher-paid jobs.

Hong Kong certainly has eco-nomic successes to boast about. Gross domestic product per head is US$45,000, greater than in Germany, Japan or France, according to the International Monetary Fund. Life expectancy compares favourably against western Europe, and Hong Kong’s citizens benefi t from some of the best rail, road and airport in-frastructure in the world.

“You won’t see people dying of hunger or cold,” said Michael Tien, a lawmaker who also owns local cloth-ing chain G2000. He tried living the life of a poor Hong Konger for a 2010 TV show, sleeping in a cage home and working as a street sweeper for two days, and found it untenable.

Hong Kong continues to con-struct subsidised apartments. More than two million people out of sev-en million-plus live in public rental housing paying an average US$220 a month. Typically in outlying areas, they feature rows of identical towers of 50 stories or more — hardly lux-urious, but modern and relatively aff ordable. Still, waiting times can stretch nearly fi ve years.

With living standards lagging be-hind rising costs, some Hong Kong citizens have begun to wonder what was once unthinkable: whether folks across the border in mainland China might be better off . Take Yu Wen-mei, 61. She started working in a garment factory in the 70s and re-calls ferrying food and appliances to grateful relatives in Guangdong province in the 80s. As low-end man-ufacturing disappeared, she took a job in a Motorola plant, which closed in 2000. She’s a mall security guard now, earning minimum wage.

“Now, they have everything,” she said of her mainland relatives.

For Lau, the supermarket cashier, little is likely to change. Living pay cheque-to-pay cheque is actually an improvement. Before qualifying for a subsidised apartment two years ago, she had to work three jobs to make the rent on a HK$5,000-a-month apartment in Sham Shui Po, Hong Kong’s poorest neighbourhood, that was half the size.

“I almost went crazy,” said Lau, fi ghting back tears. She still has no savings and hasn’t taken time off since 2010. “I just hope my kids have higher educational qualifi cations and don’t repeat my path. I don’t see hope in my future.” — Bloomberg

derson Land have been off ering more and more units of smaller and smaller sizes. Another developer, Chun Wo Property Development Ltd, plans to build apartments as small as 128 sq ft — about the size of a California garden shed.

While small apartments were just 5% of new housing in 2010, they jumped to 27% as of last year, according to government fi gures that forecast an increase to 43% next year. Yet, their prices climbed 99% in 2010 to 2016 — more than twice as fast as bigger homes that are unaff ordable for the majority of Hong Kong’s population.

“The pool of buyers for small

fl ats is getting bigger and bigger because people have to downgrade their expectations of the size of fl ats they can live in,” said Nicole Wong, regional head of property research at CLSA Ltd in Hong Kong.

Th e higher cost of smaller units is demonstrated by the square footage price: In a Kowloon City development, a 181-sq ft apart-ment on a high fl oor sold in May for HK$25,897 (RM14,201) per sq ft (psf), or HK$4.69 million. A larger apartment that’s similarly positioned sold two days later for HK$23,047 psf — a HK$2,183 diff erence.

Th e trend refl ects the unintend-ed consequences of government

policies meant to cool the property market, which are instead driving demand for the smallest apart-ments. Developers, looking to help the government achieve supply tar-gets while aiming to lower buyers’ price threshold, need to recover the record prices they are spending at land auctions, so they are squeezing more units into a single plot of land.

Even Hong Kong’s actual park-ing spaces cost more than homes in much of the developed world. One in a prime building of Hong Kong sold for the equivalent of US$664,300 in April, local news-paper Ming Pao reported last week.

Incoming Chief Executive Carrie

Lam, who takes over on July 1, the 20th anniversary of Hong Kong’s re-turn to Chinese rule, has promised to increase the home ownership rate by providing government help for people too wealthy for public housing and too poor to aff ord an apartment of their own.

Th e government, which cham-pions the free market, has no im-mediate plans to prevent housing sizes from getting ever smaller.

“At this stage, the government leaves fl exibility to the market, so that developers can respond to the needs of the market appropriate-ly,” said Terry Wong, a government spokesman. — Bloomberg

1 8 W O R L D B U S I N E S S TUESDAY JUNE 20, 2017 • THEEDGE FINANCIAL DAILY

UK companies least able to pay pensions since 2009 recession — PwCLONDON: Some of Britain’s top companies are the least able to meet their pension obliga-tions since the 2009 recession, according to Pricewaterhouse-Coopers LLP (PwC). Th e biggest pressure on FTSE 350 compa-nies’ pension defi cits is rising liabilities caused by a drop in gilt yields, PwC said in a report yesterday. Despite gains in the stock market, the relative sup-port that companies provide to their defi ned-benefi t schemes has weakened sharply, the ac-countancy fi rm said. Th e po-litical shocks of Brexit and this month’s inconclusive election result could hurt the econo-my and make it even harder for companies to meet their obliga-tions, PwC said. — Bloomberg

EC clears €377m of French, German aid to Airbus X6BRUSSELS: The European Commission (EC) yesterday approved €377 million (RM1.8 billion) of French and German support to Airbus Group to de-velop its new X6 heavy heli-copter model, saying it would contribute to research and de-velopment in the bloc. “The French and German support will stimulate considerable pri-vate investment in this project,” European Commissioner Mar-grethe Vestager, in charge of competition policy, said in a statement. “Th e support will help bring a new generation of innovative heavy helicopters to the market, without causing undue distortions of competi-tion.” — Reuters

Delivery Hero IPO to raise up to €996m as price is setHELSINKI: Delivery Hero AG plans an initial public off er-ing (IPO) raising as much as €996 million (RM4.77 billion) as the Rocket Internet SE-backed food-delivery start-up seeks funds for growth. The company will sell shares for €22 to €25.50 apiece in a deal consisting of new stock and shares held by current owners, according to a statement yes-terday. Delivery Hero, about 35% owned by Rocket, expects trading to begin on the Frank-furt Stock Exchange on June 30. — Bloomberg

PerkinElmer to buy Germany’s Euroimmun for about US$1.3bBENGALURU: Scientific in-struments maker PerkinElm-er Inc said yesterday it would buy Germany’s Euroimmun Medical Laboratory Diagnos-tics AG for about US$1.3 bil-lion (RM5.56 billion) in cash. Th e acquisition is expected to add about 28 US cents to 30 US cents per share to PerkinElm-er’s 2018 adjusted earnings. Th e deal is expected to close in the fourth quarter of 2017, PerkinElmer said in a state-ment. — Reuters

I N BR I E FBoeing, Airbus to battle it out at Paris Air ShowBut competition notably from Russia, China is looming

HONG KONG: BHP has checked the right boxes in naming former packaging executive Ken Mac-Kenzie as chairman. Th e 53-year-old Canadian lopped heads and boosted returns at his last job, and was unsentimental about weak business lines. Activist in-vestor Elliott is pleased. Other shareholders should be too.

Elliott is rightly critical of BHP’s lacklustre market perfor-mance, in particular compared to arch-rival Rio Tinto. Rio’s Austral-ian-listed shares are up around 10% in the last fi ve years where BHP has fallen about 20%.

Th e hedge fund attacked poor decisions including “disastrous acquisitions” and badly timed buy-backs, as well as an ineffi -cient dual-listing structure. It esti-mated an overhaul could increase shareholder value by nearly 50%. BHP argued the costs of Elliott’s plan outweighed the benefits, and Elliott has since backed away from the move to consolidate the listing structure.

Th e appointment does not nec-essarily mean surrender to the rest of the activist’s agenda. Most no-tably, BHP may still keep its US oil business, rather than spinning it off .

Packaging veteran MacKenzieticks right boxes for BHP

BY J Ü R G E N H EC K E R

PARIS: The aircraft industry de-scended on Paris for the world’s biggest airshow yesterday, which sees bitter rivals Boeing and Airbus battle for contracts as newcomers snap at the heels of the two giants.

Single-aisle planes for short and medium distances are the hottest ticket in the world’s civil aviation industry, with airline demand for models in the Airbus A320 family giving the European company an edge, for now, over its American opponent, which is racing to return

PARIS: Boeing Co is set to receive or-ders and commitments worth roughly US$30 billion (RM128.4 billion) for the stretched Max 10 upgrade of the 737 workhorse, as its fi rst new jet in almost four years counters Airbus SE’s head start at the largest end of the single-aisle aircraft market.

Th e biggest 737 variant is set to get more than 240 orders from at least 10 diff erent airlines, Boeing said at the launch announcement yesterday. Th e US plane-maker is confi dent the model can carve out

in force to the mid-range segment.But the duopoly is not without

challengers: Competition is loom-ing, notably from Russia and China who have each been test-fl ying their own mid-range models.

Boeing, meanwhile, is to show-case the 737 Max 9 model as its anti-Airbus weapon in a market segment where squeezing a few more seats into a narrow-body cabin while eking out increased fuel efficiency over greater rang-es is key.

Airbus’ biggest-capacity mem-ber of the mid-range family, the

brand new A321neo, is able to fi t in 236 seats in an all-economy class version. Low-cost airlines are eye-ing the aircraft to break profi tably into transatlantic routes.

Coming up next from Boeing is the 737 Max 10, which is to match that capacity, while also being light-er and cheaper, the plane-mak-er has said. Test fl ights have been completed and Boeing is now talk-ing to customers about placing or-ders.

“Th is airplane would give air-lines increased capacity and the lowest seat costs ever for a sin-

gle-aisle airplane,” said Randy Tinseth, vice president for Boeing Commercial Airplanes.

Airbus will also showcase its new long-haul model A350-1000 and Boeing its 787-10 Dreamliner while Ukraine’s Antonov will pres-ent its 132 D.

While new civilian aircraft or-ders will probably fall short of the US$130 billion the Paris show clocked up last time — most-ly thanks to booming orders for Boeing and Airbus — the industry is still optimistic about sustained long-term growth. — AFP

Boeing takes on Airbus with biggest 737BY J U L I E J O H N S S O N

& G U Y J O H N S O N

sales and stem customer defections to the Airbus A321neo, which has racked up a considerable sales lead since being launched three years ago and still has room for upgrades.

Th e Max 10 will seat as many as 230 passengers, roughly match-ing its European rival while burn-ing 5% less fuel thanks to a lighter construction, Boeing says. United Airlines, Indonesia’s Lion Mentari Airlines PT and SpiceJet Ltd of India are among a clutch of carriers that may place contracts at the expo, Bloomberg reported this month, citing people familiar with the ne-gotiations. — Bloomberg

BY P E T E S W E E N E Y But hiring MacKenzie makes sense whether one agrees with Elliott’s specifi c proposals or not.

MacKenzie’s record turning around Amcor, a US$14 billion (RM59.52 billion) Australian food and industrial packager, off ers a clue to how he could behave at BHP. An engineer by training, he came out of the corner swing-ing an axe, replacing 75% of the fi rm’s top 80 managers in his fi rst two years. In 2013 he demerged Amcor’s Australasian paper and packaging and US distribution businesses, while snapping up a packaging company from Rio for a low price. Returns on capital doubled to 20%; Amcor’s share price is up 140% since 2012.

MacKenzie has been on BHP’s board since September, so he has met with Elliott already and has an idea of what the challenges are. Th e track record is not nec-essarily a perfect guide to future performance: Manufacturing is a very diff erent business from com-modities, subject to a diff erent set of macroeconomic headwinds. And BHP is a very politicised Australian beast, which might limit his room for manoeuvre. But at least he appears to have broad support to make dramatic change. — Reuters

RBA’s Lowe: Australian economy is capable of faster growth

SYDNEY/CANBERRA: Reserve Bank of Australia (RBA) gover-nor Philip Lowe said his econ-omy is capable of faster growth if lawmakers can overcome po-litical gridlock, while warning weak wage gains are likely to keep

BY M I C H A E L H E AT H & J A S O N S C OT T plaguing developed nations.“It is important that we have a

sharp focus on the reforms that can make a real diff erence to our living standards,” Lowe said in a speech delivered in Canberra yes-terday. “If we don’t do this, we will fall behind.”

Since the 2008 global fi nancial

crisis, Australian politics has be-come increasingly polarised as par-ties exploit those losing out from proposed reforms to gain elector-al advantage. Th is has resulted in risk-aversion increasing among government and limited action, meaning Australia hasn’t cement-ed a signifi cant economic reform

since a goods and services tax was introduced in 2000.

“Th e positive news is that there is no shortage of good ideas here,” Lowe said. “The not-so-positive news is that there is a shortage of good ideas that can successfully navigate the political process.” — Bloomberg

A Boeing 737 Max on static display last Friday before the opening of the 52nd Paris Air Show at Le Bourget airport near Paris. Photo by Reuters

W O R L D B U S I N E S S 1 9TUESDAY JUNE 20, 2017 • THEED G E FINANCIAL DAILY

China Eastern sells stakes in cargo unit to four fi rmsSHANGHAI: China Eastern Air Holding said yesterday it has sold stakes in its freight unit to four fi rms including Legend Holdings and Global Logistic Properties (GLP) in the Chinese aviation sector’s fi rst mixed-ownership reform deal. Th e parent com-pany of China Eastern Airlines said in a statement it signed the deal for Eastern Air Logis-tics with the four companies, which also included Chinese logistics fi rm Deppon Logistics and Greenland Financial, at a ceremony in Shanghai. China Eastern Air Holding will retain a 45% stake in the cargo unit, while Legend Holdings, GLP, Deppon and Greenland will hold 25%, 10%, 5% and 5% respectively. Th e remaining 10% will be held by Eastern Air Logistics’ core employees, it added. — Reuters

Online retailer Reebonz seeks US$150mSINGAPORE: Reebonz Pte, Southeast Asia’s largest online luxury retailer, is planning to raise as much as US$150 mil-lion (RM642 million) to bolster its marketplace business and fund expansion in China, Japan and South Korea. Reebonz has been working with investment banks including Credit Suisse Group AG and Goldman Sachs Group Inc since May to engage potential investors, chief exec-utive offi cer Samuel Lim said. Th e eight-year-old start-up was valued at about US$300 million in late 2015, making it the most valuable luxury e-commerce start-up in Southeast Asia. Its backers already include Vertex Ventures, GGV Capital and In-tel Capital. — Bloomberg

Head of Taiwan bank held over ‘illegal loans’TAIPEI: Th e head of a major Tai-wanese bank has been detained on suspicion of granting illegal loans, just months after anoth-er banking scandal rocked the island’s financial sector. Sin-oPac Holdings chairman Ho Shou-chuan and two others are being probed over an alleged NT$5 billion (RM705.13 million) of loans made to an “off shore company with no real opera-tions”. Th e case comes after the ex-chairman of Mega Interna-tional Commercial Bank was in-dicted in December on charges including insider trading. — AFP

Japan logged surprise trade defi cit in May TOKYO: Japan unexpectedly slumped back into a trade defi cit for the fi rst time in four months, as soaring energy import bills off -set growth in the country’s ship-ments abroad, government data showed yesterday. Japan logged a surprise defi cit of ¥203 billion (RM7.82 billion), according to data from the fi nance ministry. Th e May defi cit is “mainly be-cause of a rise in imports, re-fl ecting Japan’s resilient econo-my”, said Takeshi Minami, chief Japan economist at Norinchukin Research Institute. — AFP

I N BR I E F

Takata shares dive on bankruptcy fearsBoard is expected to approve Chapter 11 fi ling this month

BY J I Y E U N L E E

BY PAV E L A L P E Y E V

BY F I O N L I

TOKYO: Takata shares dived 16.5% yesterday in response to news re-ports that the troubled airbag maker planned to fi le for bankruptcy and sell its assets to a US company.

The stock finished the day at ¥404 (RM15.57), tumbling by its maximum daily loss limit on the Tokyo Stock Exchange.

Th e Nikkei business daily has said the company, with liabilities exceed-

ing ¥1 trillion, would make a formal decision about the bankruptcy fi l-ing at a board meeting this month.

Takata, at the centre of the global auto industry’s biggest-ever safety recall, was suspended from trading last Friday pending a response to the Nikkei story and other similar reports.

Late last Friday Takata said that no decision had been made but “all

options” were on the table.American autoparts maker Key

Safety Systems, owned by China’s Ningbo Joyson Electronic, would take over the fi rm’s operations, the Nikkei’s report last Friday said.

Th e board of Takata’s US-based unit TK Holdings is expected to ap-prove a fi ling for Chapter 11 bank-ruptcy there this month, it added. — AFP

SEOUL: South Korea’s new fi nance chief said he hopes China and his country can put aside their political rift to forge closer economic ties, and bring about an early end to China’s action against Korean companies as part of retaliation for Seoul’s deploy-ment of a US missile-defence system.

S Korea fi nance chief wants closer ties with ChinaSpeaking to Bloomberg Televi-

sion’s Haslinda Amin on Saturday after the China-led Asian Infra-structure Investment Bank (AIIB) held its annual conference on a South Korean resort island, Finance Minister Kim Dong-yeon said that while there were still some “delicate issues” between the two countries, economic cooperation had been

traditionally good and he looked forward to a “jump up” in relations.

Th e AIIB gathering on Jeju Is-land, the lender’s fi rst annual con-ference to be held outside China, “can be a good sign for an improve-ment in the relations”, Kim said.

Relations between the two coun-tries soured after former president Park Geun-hye decided last year

to implement a US missile shield.Kim said he hoped his bilateral

meeting with Chinese counterpart Xiao Jie during AIIB and the two countries’ dialogue channels would soon lead to an easing of non-tariff barriers and restriction on pack-age tours. It was the fi rst meeting between the two nations’ fi nance chiefs since July 2016. — Bloomberg

TOKYO: Proxy adviser Glass Lewis & Co blasted Toshiba Corp’s board for poor governance amid repeated scandals and recommended inves-tors vote against all directors at the company’s shareholders meeting later this month.

In a 25-page report, the US fi rm detailed years of accounting troubles at the Japanese icon, clashes with accountants over fi nancial state-ments, weak internal controls and management missteps that have put investors at risk of seeing their shares delisted from the Tokyo Stock Exchange. Toshiba said in 2015 that it had overstated profi ts for seven years and paid a record fi ne in Ja-pan, only to reveal this year that it would have to take a write-down in its nuclear business of more than US$6 billion (RM25.68 billion).

Toshiba is now racing to sell off assets, including its prized memory chip business, to cover the losses in its Westinghouse nuclear business and avoid the delisting. Th e leading bid-ders for the chip business are Broad-com Ltd and a group led by Bain Capital LP and Innovation Network Corp of Japan, and Toshiba aims to pick the winner this month.

“Th e repeated revelations of the accounting irregularities at both the company and subsidiary levels have cast signifi cant doubt over the eff ectiveness of the group’s internal controls, as well as the internal fi -nancial reporting procedures and auditing systems in place to avoid the kind of problems that have oc-curred,” wrote Shigemichi Yoshizu, analyst at Glass Lewis.

Th e fi rm detailed why it was ad-vised against every director, naming six for participating in the board’s au-dit committee or in top management during the scandals. Th e report singles out the current chief executive offi cer, Satoshi Tsunakawa, who took over as part of a house cleaning last year.

“We are troubled that nominee Tsunakawa served as the representa-tive director and president of Toshi-ba Medical Systems Corporation, the parent company of Toshiba Medical Information Systems Corporation, when the accounting irregularity at the former subsidiary took place. In our view, his seniority within Toshi-ba Medical Systems Corporation is of suffi cient concern that, in our opinion, Mr Tsunakawa does not have the proper oversight to protect shareholder concerns at this com-pany as well.” — Bloomberg

HONG KONG: Hong Kong’s pegged exchange rate should stay as it has served the city well through fi nan-cial crises for more than 30 years, the chief of its de facto central bank said.

“Hong Kong is a small and open economy,” Hong Kong Monetary Authority chief executive Norman Chan said in a statement as the city heads for the 20th anniversary of Chinese rule. “Keeping a stable exchange rate between the Hong Kong dollar and the US dollar is the most suitable arrangement. We

Toshiba board, CEO blasted by Glass Lewis for poor governance

HKMA chief Chan sees no need to change city’s 34-year dollar peg

have no need and no intention to change such an eff ective system.”

Th e city linked its currency to the greenback in 1983, when negotia-tions between China and the UK over Hong Kong’s return to Chinese rule spurred a capital exodus. Th e peg has shown resilience since the change of sovereignty in 1997, sur-viving a 1998 attack by speculators during Asia’s fi nancial crisis as well as the 2008-2009 global fi nancial crisis and almost three months of pro-democracy protests in late 2014. Hong Kong’s dollar trades between the permitted range of HK$7.75 and

HK$7.85 per greenback.Th ere has been talk that Hong

Kong should switch its peg to the Chinese yuan amid closer econom-ic links. Chan listed four “essential conditions” for such consideration:

• A fully convertible yuan• Open capital account with no

capital controls• A fi nancial market with suffi cient

depth and width that allows Hong Kong’s Exchange Fund to hold assets to support the city’s monetary base

• Synchronised economic cycles between Hong Kong and China. — Bloomberg

2 0 W O R L D TUESDAY JUNE 20, 2017 • THEEDGE FINANCIAL DAILY

Bomb attack kills policeman in Bahrain — ministryDUBAI: A “terrorist” bomb at-tack in a Shi’ite village in Bah-rain has killed a policeman and wounded two others, the inte-rior ministry in the Sunni-ruled Gulf kingdom said yesterday. Th e attack late on Sunday oc-curred in Diraz, west of the capital Manama, the minis-try said on its Twitter account. Witnesses said they heard a loud blast near the home of revered Shi’ite cleric Isa Qa-ssim, where fi ve people were killed last month when security forces opened fi re to disperse a sit-in. Police blocked all en-tries into the village after the bombing, witnesses said, add-ing security forces have been maintaining a cordon around Qassim’s house since the pro-test dispersal. — AFP

Weapons found after shots fi red in oilfi eld — Saudi ArabiaRIYADH: Saudi Arabia said yes-terday it had seized weapons from a boat captured after shots were fi red by security forces near an oil platform in the Arabian Gulf, at a time of tension with Iran and Qatar. Th e incident hap-pened last Friday when three small boats entered Saudi terri-torial waters. Saudi naval forces fired warning shots and cap-tured one of the vessels but two escaped, a government state-ment said. Th e statement said the boats carried “red and white fl ags”. Iran, which lies across the Gulf, has a fl ag of green, white and red stripes. — AFP

At least 4 assailants killed after Mali tourist resort attack — minister BAMAKO: Four assailants have been killed by security forces in Mali after an attack on a tourist resort popular with foreigners close to the capital, the coun-try’s security minister said on Sunday. “We have recovered the bodies of two attackers who were killed”, Salif Traore told journalists, adding that they were “searching for the bodies of two others.” Th e assault on the Kangaba Le Campement resort is the latest in a series of high-profi le assaults by jihadists in north and west Africa target-ing locals and tourists. — AFP

Gay Pride parade targets Brazil’s religious conservativesSAO PAULO: Millions marched in Sao Paulo on Sunday at one of the world’s biggest Gay Pride parades, spurred by concern that religious conservatives are taking aim at hard-won LGBT (lesbian, gay, bisexual and transgender) rights. Th e crowds gathered on Paulista Avenue, an iconic part of the city lined with skyscrapers, which was packed full before the parade offi cially started. “Whatever our beliefs, no re-ligion is law. All for a secular state,” was the slogan of the parade’s 21st edition. — AFP

I N BR I E FUS navy identifi es seven sailors killed in Japan collision Th eir bodies were located in the fl ooded berthing compartments

BY A G N È S P E D R E R O

BY R I T V I K C A R VA L H O

& C O S TA S P I TA S

TOKYO: The US navy yesterday identifi ed seven sailors killed when their destroyer collided with a con-tainer ship off Japan, smashing the side of the ship and fl ooding berths where the crew were sleeping.

The sailors, aged between 19 and 37, were reported missing af-ter Saturday's predawn collision which triggered a major US-Japa-nese search operation.

Th eir bodies were found a day later when the ship returned to port and divers scoured damaged areas of the 154m Fitzgerald, which was commissioned in 1995 and deployed in the Iraq war in 2003.

“Th e remains of seven sailors previously reported missing were located in fl ooded berthing com-partments, after divers gained ac-cess to the spaces,” the navy said yesterday.

Th e collision happened 56 nauti-cal miles (104km) southwest of Yoko-suka, where the Fitzgerald is based, in a busy shipping channel that is a gateway to major container ports in Tokyo and nearby Yokohama.

Th ere have been several colli-sions involving large vessels in the area over the past fi ve years and attention is now on the investiga-tion into what caused the deadly accident.

Th e container ship, the 222m Philippine-flagged ACX Crystal, made a 180 degree turn shortly be-fore the accident, according to data from the Marine Traffi c website. It was not immediately clear what prompted the sharp turn.

The huge commercial vessel came into port with large scrapes on its bow, but none of its 20 crew were injured.

Japan’s coastguard is conducting a probe, including interviewing the Japanese-owned container ship's Filipino crew, although the US has primary jurisdiction in probing accidents involving military per-sonnel.

Citing local investigators, Japan’s top-selling Yomiuri newspaper said yesterday that the damage on both ships suggests they were travelling in the same direction when the crash occurred.

Under maritime law, the con-tainer ship had an obligation to avoid a collision if it was trying to overtake the destroyer from behind.

But if the container vessel was approaching from the US ship's right side, the destroyer had the obligation to give it the right of way, a Japanese coastguard spokesman said.

He added that “generally speak-ing, if a ship sees another vessel on its right hand side it has the obli-gation to avoid” a collision.

The navy and coastguard are conducting separate investigations, but the Japanese side will ask for US cooperation in its inquiries, a spokesman for Japan's transport safety board told AFP.

On Sunday, US 7th Fleet com-mander Vice Admiral Joseph Au-coin said the crew would have had little chance of escaping the "tre-mendous" amount of water that gushed into the ship after the ac-cident tore open its side.

“It was 2:20 in the morning. A significant part of the crew was sleeping," he told reporters. “So, it was traumatic. As to how much warning they had — I don't know.”— AFP

LONDON: A van ploughed into wor-shippers leaving a London mosque on Monday, killing at least one per-son and injuring 10 others in what witnesses said was a deliberate attack on Muslims.

Th e incident was being treated as a potential terrorist attack, said Prime Minister Th eresa May, which if confi rmed would make it the fourth since March in Britain and the third to involve a vehicle deliberately driv-en at pedestrians.

Shortly after midnight, the hired vehicle swerved into a group of peo-ple leaving prayers at the Finsbury Park Mosque, one of the biggest in the country, witnesses said. Th e at-tack comes during the Muslim holy month of Ramadan.

“Th is big van just came and went all over us,” witness Abdulrahman Saleh Alamoudi told BuzzFeed News. “He (the driver) was screaming... ‘I’m going to kill all Muslims’.”

Police said one man was pro-nounced dead at the scene and the van driver, aged 48, had been de-

tained by members of the public before being arrested. The driver would undergo a mental health as-sessment, police said.

Eight people were taken to hos-pital and two were treated at the scene. Usain Ali, 28, who was near the mosque at the time, said he heard a bang and ran for his life.

“When I looked back, I thought it was a car accident, but people were shouting, screaming and I realised

this was a man choosing to terrorise people who are praying,” he told Reu-ters. “He chose exactly the time that people pray, and the mosque is too small and full, so some pray outside.

The mayor of London, Sadiq Khan, said extra police had been deployed to reassure communities, especially those observing Ramadan, describing the attack as “an assault on all our shared values of tolerance, freedom and respect”. — Reuters

200 m

00:20, Monday

Local time

Police called to reports of a“vehicle in collision with pedestrians”

Muslim leaders have saidthat worshippers leavingthe Finsbury Park Mosquewere hit

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Vehicle hit pedestriansMonday morning, killingone man and injuringseveral others.One person arrested

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London vehicle ramming

GENEVA: Devastating confl icts, violence and persecution in places like Syria and South Su-dan had left a record 65.6 mil-lion people uprooted from their homes by the end of last year, the UN said yesterday.

Th at number marks a jump of just 300,000 from the end of 2015, but is more than six million higher than at the end of 2014, according to a fresh report published by the UN refugee agency.

This is “the highest figure since we started recording these fi gures,” UNHCR (United Na-tions High Commissioner for Refugees) chief Filippo Grandi told reporters ahead of the re-port launch.

“By any measure, this is an unacceptable number, and it speaks louder than ever to the need for solidarity and common purpose in preventing and re-solving crises,” he said.

Th e fi gures released ahead of World Refugee Day showed that a full 10.3 million of the world’s displaced people fl ed their homes last year alone, in-cluding 3.4 million who crossed international borders to become refugees.

“Th is equates to one person becoming displaced every three seconds — less than the time it takes to read this sentence,” UNHCR pointed out in a state-ment. — AFP

Record 65.6 million people displaced worldwide — UN

London mosque worshippers attacked

TEHERAN: Iran’s Revolutionary Guards said yesterday that missiles it fi red into Syria had successfully hit Islamic State (IS) group targets in retaliation for attacks here claimed by the jihadists earlier this month.

“Based on credible information, the missile operation against Daesh has been successful,” Revolution-ary Guards spokesman General Ramezan Sharif said on the elite

force’s Sepahnews website, using an Arabic acronym for IS.

Th e guards fi red six missiles from the west of Iran across the border into Syria’s mostly IS-held Deir Ez-zor province, targeting an IS com-mand base, they said earlier.

Sunday’s strike came after twin attacks here on June 7 which killed 17 people, in the fi rst attacks in the Islamic republic claimed by IS.

Th e missile attack was the fi rst by Iran outside its own territory in 30 years, since the Iran-Iraq war of 1980-88, media in the Islamic republic reported.

General Amir Ali Hajizadeh, who heads the Revolutionary Guards’ aerospace wing, told state televi-sion: “Th e missiles were fi red from Iran and they passed over Iraq and landed in Syria.” — AFP

Iran says its missiles into Syria hit IS targets

F E AT U R E 2 1TUESDAY JUNE 20, 2017 • THEED G E FINANCIAL DAILY

Blockbuster dwarfi ng HollywoodWelcome to ‘Lies, Scandals, and More Lies’, the real-life drama series

BY J U D E C H A N

BY A N DY M U K H E R J E E

& N I S H A G O PA L A N

WALL Street’s nickname for Richard Fuld, the erstwhile chief executive offi cer of Lehman Brothers Holdings Inc, was “Th e Gorilla.” Nine years after the US investment bank’s col-lapse, the fate of another big beast of fi nance should be regarded with foreboding.

Beijing has told banks to cut some ties with Anbang Insurance Group Co, whose chairman Wu Xiaohui is already in police custody, Bloomberg reported last Th ursday. Given that almost 90% of Anbang’s products are sold through banks, and around 44% are high-risk, this is no small thing.

Wu is the Godzilla of the middle kingdom’s fi nance industry, having built Anbang into an opaque fran-chise with US$294 billion (RM1.26 trillion) in assets.

Investors can only hope Presi-dent Xi Jinping has ordered enough cushioning material to prevent the ground from shaking if this monster goes down. Bonds of Vivat NV, the insurer Anbang bought from the Dutch government in 2015, are al-ready starting to crumble.

While Anbang’s assets are less than half those of Lehman in 2007, the unlisted Chinese insurer may be no less systemically important. By hawking products that slap some death benefi ts on top of a tanta-

lising investment return, it went from practically nowhere to surpass giants such as Ping An Insurance Co. By the end of the fi rst quarter this year, Anbang had become the country’s second-largest insurer after state behemoth China Life Insurance Co.

But is it really an insurer? If Leh-man was an investment bank with a limited set of counterparties — one of the reasons regulators foolishly let it fail — Anbang is a big cog in China’s gigantic wealth-manage-ment wheel.

Any scramble by the public to exit products like Anbang Long Life of Happiness #5 Annuity In-surance could put to the test the

207.8 billion yuan (RM130.97 bil-lion) of cash reserves the company lists at its life-insurance unit as of the end of April, a month in which premium income fell 88% from a year earlier. In May, the insurer was banned from issuing new products for three months, but could contin-ue to sell old ones. A sell-off in An-bang-owned stocks shows investors aren’t taking the company’s denial of a liquidity crunch at face value.

Xi is fl exing his muscles ahead of the Chinese Communist Party’s 19th Congress. Liquidity condi-tions in China are tight, and the wealth-management taps that the president now wants to turn off slosh into buckets that meet corpo-

rate credit demand. He may have taken behind-the-scenes steps to contain the fallout, which could get nasty if irate customers try to put banks on the hook for policies they have sold.

Cutting Anbang down to size won’t be as easy as bailing out a US$488 million fund. It could none-theless be the most powerful signal yet of Xi’s determination to delever-age. Has he done the math on risks and rewards right? Th at’s the real 800-pound question. — Bloomberg

This column does not necessarily refl ect the opinion of Bloomberg LP and its owners.

Xi risks China’s Lehman moment

Move over, Netflix. Reality TV se-ries have never been quite this exciting.

Welcome to: “Lies, Scandals, and More Lies”, the real-life drama series where juicy details of one the largest fi nancial fi ascos the world has ever seen is slowly unveiling.

Th e US Department of Justice (DoJ) last week fi led its third law-suit to seize an additional US$540 million worth of assets linked to corruption involving 1Malaysia Development Bhd (1MDB).

Including two earlier civil for-feiture complaints, this brings the total assets that the US gov-ernment hopes to recover to a whopping US$1.7 billion. And even that is less than half of the US$4.5 billion in funds that US authorities claim was stolen from 1MDB by high-level officials and their associates.

Th e story begins innocuously enough: “IMDB was ostensibly created to pursue investment and development projects for the eco-nomic benefi t of Malaysia and its people, primarily relying on the issuance of various debt securi-ties to fund these projects,” the US DoJ said in its 251-page court document.

But a more allegedly glaring plot soon unravels.

Jho CoolEnter the main character in this blockbuster: Malaysian busi-nessman Low Taek Jho, who is better known by his more Holly-wood-worthy moniker, Jho Low. On the surface, Low is the perfect protagonist who has everything going for him.

In 2009, at the age of 27, Low was already an adviser to the Terengganu Investment Authori-ty, a municipal entity which would become the government-owned

1MDB. Low, now 35, has never held a formal position at 1MDB, and has publicly denied any in-volvement with 1MDB.

However, prosecutors in at least four countries — Singapore, Swit-zerland, Luxembourg and the US — have in their international inves-tigations claimed that Low is right at the centre of the intriguing plot to allegedly siphon off and laun-der billions of dollars from 1MDB.

In a statement issued through a representative last week in re-sponse to the latest complaints by the US DoJ, Low reportedly said that the US government’s case is “completely without foundation”.

Amid the ongoing investiga-tions, Low’s whereabouts are cur-rently unknown.

To be sure, Low himself is rela-tively nondescript although he al-legedly gambled for approximately seven days at the Venetian Casino after US$11 million was deposit-ed into his account at the casino in July 2012.

To accompany his US$50 mil-lion Bombardier Global 5000 pri-vate jet, Low sank some US$260 million on a 300ft award-winning luxury mega-yacht, the Equanim-ity. Th e titanic yacht comes with a helicopter landing pad, an on-board gymnasium, a cinema, a massage room, a sauna, a steam room, an experiential shower and a plunge pool.

Low is also said to have thrown some of the biggest parties Las Ve-gas has ever seen, once spending millions on his 30th birthday par-ty. Low reportedly invited more than 300 guests to the mother of all parties at a giant tent erected on an empty five-acre (2.02ha) lot along the Las Vegas Strip, com-plete with an indoor Ferris wheel and a 24ft bar carved from sol-id ice.

Britney Spears was said to have been paid US$1 million to sing him a “Happy Birthday” song, while Korean superstar Psy was rumoured to have been paid even

more to perform “Gangnam Style” at the party.

The self-styled Casanova re-portedly spent more than US$1 million on a lavish, romantic din-ner on a private beach in Dubai with Taiwanese pop singer Elva Hsiao.

A video claiming it was “surprise engagement proposal” reported-ly showed “Jho? Elva” scrawled across a massive LED board, even as two parachutists descended from the skies to present Hsiao with several pieces of jewellery.

While the gesture touched Hsiao to tears, she reportedly re-jected Low’s proposal and returned the gifts. Low is said to have later issued a statement to clarify that it was a “romantic dinner, not a proposal”.

Victoria’s Secret Thankfully, Low seems to have bounced back from the not-a-failed-proposal chapter.

In the latest episode, Low is al-leged to have showered Australia’s Victoria’s Secret “angel” Miranda Kerr with millions of dollars of jewellery, according to the US DoJ fi ling last week.

Supermodel Kerr, who last

month married Internet entre-preneur Evan Spiegel, received a US$1.29 million 11.72-carat heart-shaped diamond necklace from Low as a Valentine’s Day gift in 2014.

A few months later, Low gave Kerr an 18K white gold diamond jewellery set that included a neck-lace, a pair of earrings, a bracelet, and a ring.

Th e US$1.98 million matching diamond jewellery set was given to Kerr during a multi-day excur-sion aboard Low’s spanking new yacht in late July and early August of 2014.

To accompany the jewellery set, Low also purchased for Kerr an 11-carat pear-cut diamond set on 18K white gold earrings for US$1.05 million.

Th ese gifts are all part of the assets allegedly purchased with stolen 1MDB funds, which the US DoJ now seeks to seize.

Diamonds are forever And there is more jewellery that US authorities are moving to seize, it said in its latest civil lawsuit.

Th e US DoJ claims that nearly US$30 million of funds siphoned from 1MDB was used to buy jew-

ellery for the wife of “Malaysian Offi cial 1”.

These included 27 different 18-carat gold necklaces and brace-lets, as well as a rare 22-carat pink diamond set in a necklace.

The Wolf of Wall Street The US DoJ had last year accused Red Granite Pictures (a Hollywood movie production and distribu-tion studio) of using US$100 mil-lion that was diverted from 1MDB to finance the film The Wolf of Wall Street, starring Leonardo DiCaprio.

In this latest chapter, the US DoJ claims that two other Red Gran-ite fi lms — Dumb and Dumber To and Daddy’s Home — were also fi -nanced using some US$40 million of funds misappropriated from 1MDB.

You jump, I jump — or perhaps not Meanwhile, DiCaprio, last week started proceedings to transfer ownership of a US$3.2 million (RM14.34 million) Pablo Picasso painting titled Nature Morte au Crane de Taureau to the US gov-ernment. Th e Picasso is among the items listed by the US DoJ in its fi ling last week.

DiCaprio is reported to be reg-ular drinking buddies with alleged 1MDB mastermind Low. DiCaprio is reported to have also returned an Oscar originally won by Marlon Brando, which was given to him as a set gift by Red Granite to thank him for his work on Th e Wolf of Wall Street.

In addition, the US DoJ is mov-ing to seize two other pieces of artwork that DiCaprio received from Low, which were allegedly purchased with misappropriated 1MDB funds.

Th e fi rst is a US$750,000 Diane Arbus photograph titled “Boy with the Toy Hand Grenade”, and the other is a US$9.2 million collage by Jean-Michel Basquiat titled Redman One. — theedgemarkets.com.sg

Low (left) is alleged to have showered Kerr with millions of dollars of jewellery.

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

TUESDAY JUNE 20, 2017 • 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

CONCERNED about the impact of the huge amounts of waste we generate, Sampah,Men-yampah! and Zero Waste Malaysia in collab-oration with Five Arts Centre fi lmed A Plastic Ocean to inspire action. The fi lm, released in September last year, follows the journey of two explorers as they travel to some of the most remote parts of the world accompanied by scientists, conservationists and engineers while documenting environmental issues as-sociated with plastic pollution and its impact on the environment, ecosystems and human health. Catch the screening tonight at 8pm (limited to 80 people) at the Five Arts Centre located at 27 & 27A, Lorong Datuk Sulaiman 7, Taman Tun Dr Ismail, Kuala Lumpur. The screening will be followed by a 20 minutes discussion of what action can be taken locally. Visit www.facebook.com/pg/FiveArtsCentre or call (03) 7725 4858 for more information.

VIEW the design exhibition showcasing the works of graduates’ projects from Dasein Academy of Art while enjoying a fun shop-ping experience when you visit Folior Fest 4. It will also be introducing Unknown Asia Art Exchange Osaka, for the fi rst time in Malaysia. The art expo event is akin to a market place for visual artists and art buyers around the world to meet and trade. Visit the Folior Fest 4 between 10am and 5pm today at The Gal-lery at Dasein Academy of Art at 12-G, Jalan Wangsa Delima 10, Desa Wangsa Section 5 Wangsa Maju, Kuala Lumpur. Log on to www.facebook.com/pg/DaseinAcademyOfArt or call (03) 4142 2990 for more details.

FREQUENT travellers can rejoice as Erborian’s Bamboo Waterlock Mask now comes in a conven-ient and easy-to-travel packaging. The deep-ly hydrating aqua gel mask promises an instant plumping eff ect, leaving the skin feeling fresh and soothed upon application with signs of fatigue visibly reduced. Among its main ingredients are bamboo sap – that moisturises the skin due to its minerals and amino acids – and bamboo fi bre – which helps retain water due to its protein and fat com-position. Priced at RM52 (30ml), you can pick up one today at Sephora outlets nationwide at the Beauty on the Fly section.

The painstaking job of restor-ing some of the world’s finest ancient tapestries, stitch by stitch, is not for the highly strung or restless.

Returning to its former glory the kind of creation that adorns a ca-thedral wall or is displayed at a world-re-nowned museum can take more than a year for tapestry restorers at Royal Man-ufacturers De Wit.

Tucked away in an elegant medieval monks’ residence in Belgium, head restor-er Veerle De Wachter and her white-coat-ed, all-female team of 15 labour away with needle and thread, adding thousands of stitches to a single piece.

“Someone who is nervous or excitable would never manage it,” she tells AFP, seated in front of a vast wall stacked with bundles of thread, a colourful reminder of the days when the company produced its own tapestries.

Th e work calls for a demanding de-gree of focus, knowledge of fabrics and thoroughness, she adds.

“You need a calm person, who can work in a concentrated manner without being distracted with what’s going on around them.”

As well as the traditional meticulous

Bringing ancient tapestries back to life in Belgium

PRECIOUS FABRICScraftsmanship, resuscitating the faded scenes and preparing them for the fu-ture ravages of time requires modern technology.

Museums such as Th e Louvre in Paris, the Metropolitan Museum of Art in New York and the Hermitage in Saint Peters-burg entrust the restorers with their fi n-est pieces in cotton and silk, some with strands of silver and gold.

Based in the northern Flemish town of Mechelen, the Royal Manufacturers De Wit was founded 1889 and is current-ly the biggest restorer of old tapestries in the world, based on the value of the pieces it restores.

Th ese have included legendary works like Th e Lady and the Unicorn, a series of six tapestries woven in wool and silk in Flanders in the Middle Ages, on display at the Cluny museum in Paris.

Th ere is also a collection of 29 enor-mous tapestries from Saint John’s Co-Ca-thedral in Malta which the restorers have been gradually working through over the past dozen years in a project estimated at around one million dollars.

Diffi cult to transport due to their enor-mity, the 17th century Flemish tapestries have been sent to Royal Manufacturers De Wit in pairs.

First cleaned of dust, the artworks are then washed with an enormous spraying machine. Only once they are dried do the restorers set about their work.

Restoration overtook tapestry making as the mainstay of the business about 40 years ago.

“At the end of the 1970s weaving work-shops had a very hard time because tapestries were too expensive and no longer in fashion,” says Yvan Maes De Wit, great-grandson of the fi rm’s founder, accounting for the shift towards restoring and conserving historic tapestries.

Th e company came up with new clean-ing techniques, using a combination of suction and spraying to protect the fi bres against strain.

Washing dyed cloth is a very risky step in the restoration process, as cotton of-ten frays and silk disintegrates over time and in light.

Th e restorers have also had to devel-op expertise in removing huge tapestries from their hanging places, a delicate task given their size, weight and fragility.

De Wit recalls the stress of a “very dangerous operation”, to remove a nine-metre by 14m tapestry suspend-ed 25m high in the entry hall of the UN building in New York, using “gigantic scaffolding”.

Meanwhile, his team of restorers, si-lently hunched over their work, seated on benches in a vast white room, is known, above all, for having an “eye for colour”.

Th e company makes its own silk and cotton threads to match the original his-toric colours as closely as possible.

“In the industry, you can’t fi nd the right colours,” says De Wachter.

“So we have to dye them ourselves in our laboratory, with colours which have a high luminosity. Th at way we can produce infi nite combinations.” — AFP

A specialist restorer working on an old tapestery at the

Royal Manufacturers De Wit in Mechelen. Photo by AFP

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

TUESDAY JUNE 20, 2017 • THEED G E FINANCIAL DAILY

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

Volvo V90 Cross Country is a perfect marriage of wagon and SUVNICOLE Kidman’s Celeste in Big Little Lies should have driven a Volvo V90 Cross Country.

It’s the perfect conveyance for a character like that — someone with a delicate feminine demeanour, Scandi-navian-ish good looks, and distinctive, sleek style. (Oh, and a pair of rambunctious twin boys.)

Volvo is off ering North Americans this car in an at-tempt to take the edge off our sport utility vehicle (SUV) addiction. Th e brand already has the excellent XC60 and XC90 SUVs, but is betting that it can make a station wagon stylish and aggressive enough to garner a slice of that market. After all, the wagon was once its bread and butter in the US.

Enter the US$55,300 (RM236,684) V90 Cross Country, the heightened version of the US$49,950 V90 wagon. Both are new for the year and are bigger and better equipped than wagons from previous years. If Volvo created a Venn diagram of an SUV and a wagon, the V90 Cross Country would occupy the middle: Th e extra US$5,000 required to get the Cross Country edition aff ords nearly three inches of additional height over the standard V90, several inches’ worth of additional ground clearance, and lots of handy extras, such as full LED headlights that bend around curves as the car moves forward.

With ample storage and passenger space, an all-wheel drive (AWD) capable of handling treacherous terrain, and that superior ride height, the V90 Cross Country makes full-size SUVs feel bloated — superfl uous for all but the largest families or most devoted weekend warriors. And it feels much more special than the crossovers that litter every strip mall in middle America. Th ere aren’t many lifted station wagons like this.

Beautiful design and valueTh e V90 Cross Country is special because in almost all cases, it has more interior space, fi ner creature com-forts, and better fuel effi ciency than crossovers from BMW, Porsche and Audi. It’s also more endearing as a complete package. Th ose are great cars, too — there’s just something about Swedish design (and the gener-al uniqueness of a handsome wagon these days) that makes this car special.

Don’t feel like you’ll be stooping to enter this not-SUV, though. You’ll be surprised at how high off the ground you feel when you slip behind the wheel. Th e sight lines here avail lovely views at every point. A moon roof that spans the width of the ceiling enhances visibility as does the extensive camera and radar-enabled blind-spot iden-tifi cation system in the nine-inch vertical touchscreen in the centre of the dashboard. (Th is system prompted the fi rst-ever complaint from my neighbourhood garage

attendant that it was “too much”. It’s a one-time anecdote from one person, sure, but the man handles every car I do. Th is was the fi rst time he made a point to tell me the cameras were overcomplicated.)

Volvo makes some of the most beautiful interiors in the car industry — this is regardless of whether you’re including “luxury” brands. Its cars have cabins fi lled with so much light and warm wood that at this point comparing them to a Swedish sauna is just cliche. Suf-fi ce it to say the V90 Cross Country comes standard with

high-quality heated leather seats, tinted windows, and dark, warm walnut inlays, plus high-gloss trim around the door sills that matches the black gloss of the metal stud grille. (Th e V90 has a simple Volvo “waterfall” grill.) Th ese are all trappings that are de rigueur for pricier lux-ury cars. Th ey help make the V90 Cross Country a good value for the money. (I’m not forgetting it is still expen-sive for a typical wagon.)

A luxury package (US$4,500) includes nappa ventilat-ed leather seating, a cooled glovebox, rear sun curtains, colour-coordinated sills and bumpers, a heated rear seat and power seat cushion extensions.

As you might expect, child and supplemental restraint systems and safety features inside are myriad. Th ere’s a reason vintage Volvos are legendary for their safety ratings — it’s earned. Whiplash protection didn’t kick in when I drove it, thankfully. Th e Pilot Assist, which directs the car, if it feels you get too close to a wall or another vehi-cle, did. It’s weird to feel the car take over momentarily, but it’s eff ective.

Lifted and loving itI drove the V90 Cross Country T6 model, which is im-portant to note because it means that its 2.0-litre in-line four-cylinder engine comes turbocharged and su-percharged for 316 horsepower and 295 pound feet of torque. (Th e regular V90 off ers a lesser T5 version and an “R Design” sport package; V90 Cross Country does not.) It is capable, though nothing incredibly special, on the road (leave that for the hot BMW wagons, real-ly) with dutiful acceleration through its eight gears and less side-to-side roll than you’d feel in a proper SUV, as you might expect.

Th is doesn’t bother me much. I feel safe presuming most who buy a V90 Cross Country will do so for its space, functionality, beauty, reliability, effi ciency and individ-uality. Not for its zero-to-60mph (96.56kph) sprint time.

In fact, the most memorable thing about how it feels to drive this car is how well the premium air suspension in the rear (US$1,200) actually smoothed out corners and swerves. Th at suspension is an especially rewarding feature because, if I haven’t made it clear enough yet, this wagon is truly lifted. Where the US$25,645 Subaru Outback with its more detailed body can look a little out-door-nerdy, and the US$25,850 Volkswagen Golf Alltrack is in general less chic, Volvo’s svelte V90 Cross Country looks jacked up. Th e clearance I mentioned is 8.3 inches above ground versus six inches for the standard V90. A few inches don’t sound like much, but they will certainly split the diff erence between stuck and unstuck for those who may drive this car off the pavement. — Bloomberg

PHOTOS BY BLOOMBERG

The extra US$5,000 required to get the Cross Country edition aff ords nearly three inches of additional height over the standard V90, several inches’ worth of additional ground clearance, and lots of handy extras.

The rear seats are spacious and drenched in light from the moon roof that covers the length and width of the entire ceiling.

A moon roof that spans the width of the ceiling enhances visibility as does the extensive camera and radar-enabled blind-spot identifi cation system in the nine-inch vertical touchscreen in the centre of the dashboard.

The V90 Cross Country comes standard with high-quality heated leather seats, tinted windows, and dark, warm walnut inlays, plus high-gloss trim around the door sills.

2 4 S P O RT S TUESDAY JUNE 20, 2017 • THEEDGE FINANCIAL DAILY

GRAND RAPIDS (United States): Canadian teenager Brooke Hen-derson became the youngest win-ner of 2017 on Sunday, closing with a bogey-free 66 for a two-stroke victory at the rain-hit Mei-jer Classic.

Th e 19-year-old Henderson claimed the fourth LPGA Tour win of her career by finishing with a 72-hole total of 17-under 263 at the Blythefi eld Country Club course.

“I was kind of surprised when I looked at the leader board and I had a two-shot lead on the 18th green,” Henderson said. “Super happy and I’m just glad it’s done and I fi nally have my fourth win.”

Henderson also won on Fa-ther’s Day, so it was fi tting that her dad was in the gallery watch-ing her charge to victory.

“Th is morning, [my Dad] said, ‘Do it for me,’ so this is defi nitely

for him,” said Henderson, who also had her 26-year-old sister Brittany as her caddie. “He’s my coach, my best friend and a great father, so thank you, Dad!”

Americans Lexi Thompson (69) and Michelle Wie (65) fi n-ished two strokes back of Hen-derson at 15 under.

Th ailand’s Moriya Jutanugarn shot a 66 to reach 14-under 266 and was tied for fourth with Swe-den’s Madelene Sagstrom (65) and Australia’s Oh Su-Hyun (64).

Organisers had to make changes to the course because of heavy rains. Par was reduced to 69 because of fl ooding at the number fi ve that turned the hole from a par fi ve to a par three.

Henderson, whose fi rst vic-tory came in 2015 at the Cambia Portland Classic as a non-LPGA member, also became the 15th different winner on the LPGA Tour in 2017. — AFP

Henderson’s win at Meijer Classic was a family aff air

Koepka wins 117th US Open ChampionshipHe becomes the seventh consecutive fi rst-time winner of a major

BY R O B W O O L L A R D

Former Man Utd youth coach gets Melbourne jobMELBOURNE: Former Man-chester United youth coach Warren Joyce has been ap-pointed the new head coach of A-League side Melbourne City, the club said yester-day. Joyce, 52, spent eight years developing the Premier League’s giant’s youth pro-gramme before a short spell as manager of Wigan Ath-letic. “Leading by example throughout his career, Warren has produced quality techni-cal players, quality tactical players, and ultimately well rounded players on and off the field,” said Brian Mar-wood, managing director of City Football Services, who oversaw Joyce’s recruitment. — AFP

ARU chief off ers to resign over Super impasse — reportSYDNEY: Australian Rugby Union (ARU) chief Bill Pulver says he will resign immedi-ately if an emergency gener-al meeting this week calls for him to go, a report said yes-terday. Pulver is under pres-sure as head of the embattled governing body over continu-ing uncertainty about which Australian Super Rugby team will be culled from next year’s competition, along with two from South Africa. Th e ARU announced plans to axe ei-ther the Melbourne Rebels or Western Force more than 10 weeks ago, but it has be-come bogged down in legal wrangling. — AFP

Lions boost as Farrell declared fi tHAMILTON: British and Irish Lions backline star Owen Farrell has shaken off a thigh strain and will be available for the fi rst Test against the All Blacks this weekend, coach Warren Gatland said. Farrell suffered a quadricep strain at training last Th ursday and sat out the Lions’ win over the Maori All Blacks on Saturday. But Gatland said his absence was precautionary and the Englishman was ready to play. “Owen could have played on Saturday. Had it been a Test match he would have played,” he told reporters. — AFP

Azarenka ready for ‘new part of career’PARIS: Former world No 1 and two-time Grand Slam ti-tle winner Victoria Azarenka returns to tennis after a year’s absence this week, claiming “I’m ready for a new part of my career”. Th e 27-year-old Azarenka hasn’t played since the 2016 French Open, taking time out to give birth to her first child Leo. “My life has taken a 180-degree turn but I have not lost my competitive spirit,” the Belarusian told re-porters at the Mallorca Open on Sunday. “Here begins a new part of my career.” — AFP

I N BR I E F

ERIN (United States): Brooks Koep-ka produced a back-nine birdie blitz to win the US Open here on Sunday, becoming the seventh consecutive fi rst-time winner of a major with a record-equalling four-shot victory at Erin Hills.

The 27-year-old from Florida fi red a fi ve-under-par fi nal round 67 to finish on 16 under for the tournament following a tense duel with compatriot Brian Harman that was settled on the home stretch at the rural Wisconsin course.

Koepka’s 16-under-par total equalled the record for the lowest winning under par total at a US Open set by Rory McIlroy at the 2011 championship.

“Th at’s probably one of the cool-est things I’ve ever experienced and

to do it on Father’s Day it’s pretty neat,” Koepka said afterwards.

“I didn’t exactly get my dad a card, so this works.

“I felt confi dent all week. So to feel as confi dent as I did on a Sun-day of a major and coming down the stretch was pretty neat.”

Th ird round leader Brian Har-man, who had led by one-shot at the start of the round, fi nished sec-ond on 12 under after an even-par 72. He tied with Japanese world No 4 Hideki Matsuyama, who shot a superb six-under-par 66.

“It bites a little bit right now,” Har-man said afterwards. “But Brooks played so well today (on Sunday). Th e conditions were so tough.”

England’s Tommy Fleetwood was alone in fourth place on 11 under after a level-par fi nal round of 72.

Harman and Koepka spent much of the round locked at the top of the leaderboard.

But the turning point in a grip-ping war of nerves came just after the turn when Harman struggled through back-to-back bogeys on the 12th and 13th. — AFP

Koepka posing with the trophy after winning the US Open golf tournament at Erin Hills. Koepka: That’s probably one of the coolest things I’ve ever experienced and to do it on Father’s Day it’s pretty neat. Photo by Reuters

LOS ANGELES: Boxing hall of fam-er Lennox Lewis won’t be spend-ing his money on the Floyd May-weather-Conor McGregor fi ght, saying he “can’t take it serious” because the outcome is too pre-dictable.

Th e former undisputed world heavyweight champion said the combination of Mayweather’s box-ing experience and hand speed will be too much to handle for McGre-

gor, who has made his name as a mixed martial arts fi ghter.

“It’s ridiculous to me,” Lewis told US sports broadcaster ESPN. “You are talking about one discipline where you can use only your hands and only a few can do it.

“Every battle sport always starts with your hands, but they are two totally diff erent sports.”

The fight is being held in the T-Mobile Arena in Las Vegas and

promoters are hoping to make mil-lions off the pay-per-view sales. Scheduled as a 12-round boxing match with 10 ounce gloves, three-time world heavyweight champion Lewis says it won’t go the distance.

“I can’t take it serious,” Lewis said. “Mayweather is the best in his weight class, no one can touch him in boxing.

“Floyd will stop him. He’s just too good at boxing for McGregor

and McGregor is just too inexpe-rienced.

“I wouldn’t buy it — but I would be interested in the result. To me, I know who is going to win already so there’s no use in watching it.”

Lewis, who fought for Canada at the 1984 Los Angeles Olympics, joins a growing list of boxing pur-ists who have come out against the much-discussed fi ght which will take place on Aug 26. — AFP

Lewis slams Mayweather-McGregor as ‘ridiculous’

ISLAMABAD: Jubilant photographs of Pakistan cricket fans dancing in the streets were plastered all over national newspapers yesterday after their eighth-ranked team produced a thrilling win against arch-rivals In-dia in the Champions Trophy fi nal.

Pakistan infl icted a massive 180-run defeat upon title-holders and fa-vourites India at the Oval in London on Sunday to win the tournament featuring the world’s top eight one-day international nations.

Th e victory was splashed across most major newspapers, with lead-ing English daily Dawn proclaiming: “Pakistan breaks jinx, trounce India in dream fi nal”.

While the country’s largest paper, the Urdu-daily Jang, announced: “Pakistan Champions, trounced Indian team.”

Pakistan made 338 for four, with the cornerstone being open-er Fakhar Zaman’s 114, his maiden ODI hundred.

Mohammad Amir then reduced India to 33 for three by dismissing

their much-vaunted top three, with Rohit Sharma out for a duck and opposing skipper Virat Kohli, the world’s top-ranked ODI batsman, falling for just fi ve.

India eventually collapsed to 158 all out as they suff ered their heaviest defeat in terms of runs in 129 ODIs against Pakistan.

Banks, government and other organisations ran full-page adver-tisements congratulating the team for their historic win.

In an editorial titled “Victory is sweet”, the Express Tribune said: “When you are an underdog in a high-octane tournament fi nal and your highly regarded opponent is the defending champion, hardly anyone has any expectations of you — except of course your cricket-mad 200 million plus compatriots.”

Th e News, in a piece headlined “Champions”, said: “When Pakistan was thrashed by India in its opening match of the Champions Trophy, the obituaries were already being written. — AFP

Pakistan hailed by media after ‘confounding everyone’

2 5


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

KLSE COMPOSITE 1,788.90 -2.41 -0.13

KLSE INDUSTRIAL 3,285.60 2.73 0.08

CONSUMER PRODUCT 626.12 -2.40 -0.38

INDUSTRIAL PRODUCT 155.30 -0.77 -0.49

CONSTRUCTION 337.85 -2.01 -0.59

TRADE & SERVICES 234.69 -0.11 -0.05

KLSE FINANCIAL 16,851.48 -57.16 -0.34

KLSE PROPERTY 1,297.30 -9.65 -0.74

KLSE PLANTATION 7,983.61 -33.36 -0.42

KLSE MINING 502.55 Unch Unch

INDICES CLOSE +/- %CHGTECHNOLOGY 33.75 -0.35 -1.03

FTSE BURSA 100 12,361.92 -30.55 -0.25

FTSE BURSA MID 70 15,050.12 -89.65 -0.59

FTSE BURSA SMALL CAP 17,347.89 -126.79 -0.73

FTSE BURSA FLEDGLING 19,567.43 -175.61 -0.89

FTSE BURSA EMAS 12,716.36 -35.48 -0.28

FTSE BUR M’SIA ACE 6,174.98 -167.42 -2.64

FTSE BUR EMAS SHARIAH 12,941.13 -37.98 -0.29

FTSE BUR HIJRAH SHARIAH 14,278.60 3.38 0.02

FTSE/ASEAN 40 10,250.68 37.32 0.37

INDICES CLOSE +/- %CHG

Sectorial Movement

CONSUMER PRODUCTS 0.809 0.565 0.580 0.575 7120 ACOSTEC 0.580 0.005 580 0.579 725.0 4.31 103.1 4.887 3.576 — — 7090 AHEALTH 4.520 — — — 15.03 2.54 529.5 22.260 11.624 22.260 21.800 2658 AJI 22.260 0.500 59.8 22.003 7.22 1.52 1,353.4 0.380 0.210 — — 7051 AMTEK 0.380 — — — — — 19.0 6.007 4.970 5.000 4.980 6432 APOLLO 4.980 UNCH 4 4.986 23.65 6.02 398.4 1.110 0.800 — — 7722 ASIABRN 0.860 — — — — — 68.0 4.123 3.180 3.260 3.200 7129 ASIAFLE 3.200 UNCH 28.6 3.202 11.00 2.19 623.2 53.156 39.606 45.600 45.400 4162 BAT 45.560 0.040 104.6 45.529 19.58 4.76 13,008 0.120 0.035 0.090 0.085 7243 BIOOSMO 0.085 UNCH 5443.7 0.085 — — 67.6 0.740 0.540 0.625 0.610 9288 BONIA 0.615 -0.005 951.2 0.615 17.67 2.03 495.9 3.110 1.514 2.830 2.730 7174 CAB 2.770 -0.040 323.1 2.765 11.73 0.36 530.2 0.549 0.465 0.485 0.475 7154 CAELY 0.475 -0.005 40 0.481 6.99 2.11 38.0 0.340 0.280 0.315 0.310 7128 CAMRES 0.310 UNCH 26.5 0.311 31.31 3.23 61.0 14.980 12.272 14.820 14.760 2836 CARLSBG 14.820 0.020 53.4 14.791 21.64 4.86 4,531.2 1.028 0.519 0.880 0.840 7035 CCK 0.840 -0.020 1129.1 0.857 11.17 2.38 264.9 2.388 1.867 2.250 2.220 7148 CCMDBIO 2.220 -0.020 47.3 2.239 21.68 2.93 619.3 1.620 1.102 1.430 1.410 9423 CHEEWAH 1.410 0.010 49.7 1.415 7.80 2.48 59.4 2.700 2.250 2.340 2.340 2828 CIHLDG 2.340 UNCH 5 2.340 15.57 2.14 379.1 0.050 0.020 0.030 0.030 5188 CNOUHUA 0.030 -0.005 500 0.030 — — 20.0 3.180 1.745 3.140 3.100 7205 COCOLND 3.130 0.040 386.5 3.130 15.94 4.95 716.1 1.960 1.273 1.820 1.810 7202 CSCENIC 1.810 -0.010 24 1.818 17.06 6.08 218.1 0.095 0.055 0.065 0.065 5214 CSL 0.065 UNCH 253.8 0.065 8.23 — 80.8 0.060 0.030 0.035 0.030 7179 DBE 0.035 0.005 1061.8 0.034 116.67 — 46.2 0.949 0.752 — — 7119 DEGEM 0.940 — — — 11.26 2.66 126.0 62.795 52.364 58.100 58.020 3026 DLADY 58.080 0.080 20.8 58.07 25.27 1.72 3,717.1 0.115 0.070 0.095 0.090 7198 DPS 0.095 0.005 272.6 0.090 950.0 — 55.8 0.105 0.020 0.080 0.080 7182 EKA 0.080 UNCH 340.1 0.080 — — 25.0 0.360 0.140 0.265 0.260 9091 EMICO 0.260 -0.010 457.6 0.264 16.35 — 24.9 2.046 1.400 — — 7149 ENGKAH 1.520 — — — 44.31 3.95 107.6 0.270 0.195 0.205 0.205 7208 EURO 0.205 UNCH 108 0.205 26.62 — 49.8 0.820 0.630 0.720 0.720 7094 EUROSP 0.720 UNCH 10 0.720 — — 32.0 26.335 21.887 25.000 24.860 3689 F&N 25.000 0.140 187.9 24.89 24.26 2.30 9,169.5 1.205 0.815 0.860 0.860 2755 FCW 0.860 UNCH 0.2 0.860 71.07 1.74 215.0 0.935 0.620 0.720 0.705 8605 FFHB 0.710 0.005 295.1 0.710 11.93 1.41 77.4 0.955 0.655 0.925 0.905 9172 FPI 0.910 -0.015 301.8 0.916 10.39 6.59 225.1 2.070 0.570 1.930 1.890 7184 G3 1.890 -0.060 83.3 1.901 — — 259.9 1.246 0.854 1.090 1.060 5102 GCB 1.080 0.030 747 1.073 14.92 1.39 518.6 3.020 2.350 — — 5606 GOLDIS 2.890 — — — 8.48 0.69 1,767.0 0.110 0.010 0.050 0.050 5187 HBGLOB 0.050 -0.005 4 0.050 — — 23.4 19.100 14.080 18.800 18.600 3255 HEIM 18.640 -0.340 14.4 18.700 20.75 6.17 5,631.1 10.300 7.651 10.000 9.890 3301 HLIND 9.950 0.010 67.2 9.909 11.08 3.52 3,262.6 1.019 0.808 0.920 0.915 5160 HOMERIZ 0.915 -0.005 63.1 0.917 10.11 4.37 274.5 0.405 0.240 0.315 0.305 7213 HOVID 0.305 -0.010 3339.4 0.310 22.26 3.28 250.4 1.305 1.113 1.240 1.210 5024 HUPSENG 1.240 0.020 176.1 1.227 20.95 3.23 992.0 0.630 0.450 0.480 0.480 8478 HWATAI 0.480 UNCH 48.7 0.480 171.43 — 35.9 4.100 1.785 4.000 3.970 5107 IQGROUP 4.000 UNCH 220 3.993 12.39 2.75 352.1 1.513 0.934 1.270 1.230 7152 JAYCORP 1.230 -0.020 125.6 1.244 8.63 8.13 168.8 0.740 0.505 0.625 0.620 8931 JERASIA 0.620 UNCH 18 0.623 8.81 — 50.9 2.618 1.650 1.810 1.760 5247 KAREX 1.790 -0.010 1535.5 1.780 48.25 1.12 1,794.3 4.850 3.153 4.740 4.650 7216 KAWAN 4.650 -0.100 118 4.695 33.79 0.54 1,253.8 0.260 0.040 0.185 0.175 8303 KFM 0.175 -0.005 517 0.181 — — 11.9 0.920 0.711 0.790 0.775 6203 KHEESAN 0.785 0.005 38.4 0.781 16.81 1.27 81.6 2.700 1.827 — — 7062 KHIND 2.150 — — — 10.66 4.65 86.1 2.210 0.995 2.150 2.010 0002 KOTRA 2.060 -0.080 196.3 2.060 20.48 0.97 274.3 0.140 0.035 0.100 0.095 5172 KSTAR 0.095 -0.010 477.8 0.095 — — 27.8 6.000 4.509 5.240 5.150 7006 LATITUD 5.240 UNCH 78.2 5.195 6.84 2.29 509.4 0.950 0.785 0.915 0.900 9385 LAYHONG 0.915 UNCH 486.3 0.909 30.50 0.55 557.0 0.377 0.261 0.320 0.310 8079 LEESK 0.310 -0.010 168 0.315 10.99 3.23 52.0 3.374 2.607 3.230 3.180 7089 LIIHEN 3.200 -0.020 227.6 3.193 7.75 5.00 576.0 0.820 0.710 0.765 0.760 7126 LONBISC 0.760 -0.010 170 0.761 9.81 — 141.8 1.890 1.212 1.830 1.710 7085 LTKM 1.820 0.130 1498.5 1.802 19.70 1.65 236.8 6.580 3.722 6.240 6.140 7087 MAGNI 6.200 -0.040 289.8 6.198 10.04 2.26 1,008.9 0.045 0.015 0.025 0.025 5189 MAXWELL 0.025 UNCH 1183.7 0.025 — — 10.0 1.300 1.000 — — 5886 MBG 1.140 — — — 26.57 2.63 69.3 2.500 1.183 2.450 2.250 3662 MFLOUR 2.430 -0.030 429.3 2.405 15.18 2.67 1,337.2 1.000 0.800 — — 7935 MILUX 0.860 — — — — — 46.8 5.005 4.050 — — 5202 MSM 4.050 — — — 106.3 3.46 2,847.1 0.035 0.030 — — 5150 MSPORTS 0.035 — — — — — 21.2 1.826 1.184 1.520 1.510 3921 MWE 1.510 UNCH 51 1.510 2.65 1.32 349.7 83.200 72.962 83.200 82.980 4707 NESTLE 83.000 -0.100 56.2 82.98 30.09 3.25 19,463.5 4.880 2.624 4.600 4.460 7060 NHFATT 4.500 -0.100 40.4 4.514 10.61 2.44 338.2 0.130 0.070 0.095 0.090 7139 NICE 0.090 -0.005 177.1 0.092 25.71 — 30.0 0.315 0.240 0.270 0.255 7215 NIHSIN 0.260 0.005 386.9 0.258 — — 62.0 0.905 0.781 0.795 0.790 5066 NTPM 0.790 -0.005 303.4 0.794 17.56 3.04 887.3 0.690 0.345 0.655 0.635 7071 OCR 0.640 0.005 1927.8 0.648 — — 154.3 0.250 0.040 0.170 0.165 7071PA OCR-PA 0.165 UNCH 3359.4 0.170 — — 108.9 2.476 1.353 1.620 1.620 7107 OFI 1.620 0.030 3 1.620 21.32 2.47 388.8 7.388 6.366 6.790 6.660 4006 ORIENT 6.680 0.020 212 6.680 14.98 2.99 4,144.2 3.629 2.041 3.550 3.420 7052 PADINI 3.470 -0.080 1158.5 3.462 14.70 2.88 2,282.9 38.422 27.912 36.000 35.200 3719 PANAMY 35.220 0.020 2.8 35.56 16.85 3.95 2,139.5 0.774 0.516 — — 5022 PAOS 0.550 — — — 34.16 2.96 99.6 0.650 0.295 — — 9407 PARAGON 0.500 — — — 22.22 — 35.0 0.660 0.310 0.570 0.540 6068 PCCS 0.550 -0.020 25 0.548 — — 33.0 1.060 0.700 0.900 0.890 5231 PELIKAN 0.890 -0.010 124.1 0.895 181.63 — 492.4 0.235 0.145 0.190 0.185 4081 PMCORP 0.185 -0.005 287.7 0.185 10.28 — 143.1 0.529 0.441 0.500 0.490 5080 POHKONG 0.490 -0.005 88.7 0.493 12.01 2.04 201.1 2.018 1.379 1.920 1.900 7088 POHUAT 1.910 -0.020 566.8 1.910 7.11 4.19 433.5 17.300 15.159 17.080 16.900 4065 PPB 16.900 -0.300 522.1 16.983 17.32 1.48 20,034.9 0.720 0.484 0.605 0.605 7190 PPG 0.605 -0.015 4.1 0.605 11.63 2.28 60.5 1.686 1.262 1.540 1.530 8966 PRLEXUS 1.540 -0.020 36 1.538 9.66 1.95 275.3 1.170 0.636 1.090 1.000 7134 PWF 1.060 -0.030 483.3 1.033 17.82 2.57 177.5 2.705 1.840 2.410 2.360 7237 PWROOT 2.400 UNCH 467.1 2.400 16.90 4.79 791.5 5.000 4.143 4.880 4.810 7084 QL 4.840 -0.060 403.6 4.829 30.83 0.88 6,040.5 2.300 1.450 2.290 2.240 9946 REX 2.270 UNCH 272.8 2.272 101.34 0.88 140.0 1.890 0.900 1.590 1.570 0183 SALUTE 1.590 0.010 678.4 1.586 24.39 1.51 616.9 1.609 1.000 1.360 1.330 5252 SASBADI 1.350 0.010 209.6 1.340 21.29 1.67 377.2 0.390 0.275 0.340 0.335 5157 SAUDEE 0.340 UNCH 492.5 0.338 377.7 — 40.8 1.280 1.000 — — 7180 SERNKOU 1.230 — — — — — 147.6 0.845 0.580 0.690 0.680 7165 SGB 0.680 0.010 9 0.686 — — 100.3 0.220 0.060 0.200 0.195 7165PA SGB-PA 0.195 -0.005 130 0.200 — — 91.8 2.131 1.480 1.500 1.500 7412 SHH 1.500 -0.030 5.1 1.500 14.20 6.67 75.0 1.070 0.800 0.930 0.925 7246 SIGN 0.925 -0.005 37.4 0.927 5.13 5.41 222.3 0.915 0.172 0.685 0.675 8532 SINOTOP 0.675 -0.015 30.6 0.681 50.00 — 266.6 0.865 0.600 0.790 0.765 9776 SMCAP 0.770 -0.020 281 0.774 40.31 — 47.0 0.385 0.200 0.340 0.340 7943 SNC 0.340 UNCH 46.4 0.340 45.33 — 22.4 2.548 2.155 2.490 2.470 7103 SPRITZER 2.470 -0.020 5.4 2.475 17.94 2.34 451.0 1.500 0.990 1.200 1.200 7186 SWSCAP 1.200 UNCH 10 1.200 74.53 0.83 175.1 0.669 0.492 0.550 0.545 7082 SYF 0.545 -0.005 641.8 0.549 8.53 1.83 337.5 0.505 0.280 0.420 0.420 7211 TAFI 0.420 -0.010 10 0.420 — — 33.6 1.979 1.651 — — 4405 TCHONG 1.830 — — — — 1.09 1,229.8 1.402 0.530 0.550 0.540 7200 TEKSENG 0.545 -0.010 465.3 0.543 10.11 3.67 189.7 1.250 0.955 0.970 0.960 7252 TEOSENG 0.970 UNCH 106.5 0.970 19.06 1.55 291.0 1.510 1.230 1.450 1.450 9369 TGL 1.450 -0.050 10 1.450 19.39 5.17 59.1 0.620 0.400 0.590 0.585 7230 TOMEI 0.585 -0.015 10.8 0.588 14.44 — 81.1 0.560 0.420 0.440 0.430 7176 TPC 0.440 0.010 55 0.439 47.31 — 102.9 7.000 4.430 6.050 6.000 4588 UMW 6.050 0.100 157.5 6.023 — 3.31 7,068.2 2.540 2.000 — — 7757 UPA 2.400 — — — 5.73 3.33 191.0 1.700 0.690 1.700 1.550 7203 WANGZNG 1.610 -0.010 1734.9 1.621 14.01 2.48 257.6 0.325 0.080 0.265 0.250 5156 XDL 0.250 -0.015 857.4 0.256 28.09 — 168.5 0.565 0.360 0.520 0.510 7121 XIANLNG 0.520 UNCH 67 0.513 — — 37.8 0.245 0.020 — — 5155 XINQUAN 0.055 — — — — — 26.7 2.880 2.111 2.470 2.450 5584 YEELEE 2.460 -0.020 40.4 2.458 11.78 1.83 468.6 1.360 1.050 1.360 1.280 5159 YOCB 1.280 -0.070 742.4 1.319 8.80 3.13 204.8 3.000 1.800 3.000 2.950 7178 YSPSAH 2.990 0.050 595.2 2.973 12.79 2.34 407.2 1.957 1.160 1.700 1.660 5131 ZHULIAN 1.660 -0.030 100.7 1.678 15.56 3.61 763.6INDUSTRIAL PRODUCTS 1.392 0.922 1.310 1.290 0012 3A 1.310 0.030 283.8 1.301 15.14 1.10 644.5 0.210 0.085 0.125 0.125 7086 ABLEGRP 0.125 -0.005 14.6 0.125 — — 33.0 0.400 0.200 — — 7131 ACME 0.330 — — — — — 72.1 0.900 0.630 0.720 0.710 7191 ADVENTA 0.720 -0.050 15.2 0.717 — — 110.0 2.766 1.909 — — 9148 ADVPKG 2.300 — — — 19.12 5.22 47.2 0.220 0.125 0.200 0.195 7146 AEM 0.195 -0.010 508.9 0.199 — — 58.4 0.500 0.360 — — 5198 AFUJIYA 0.425 — — — 23.61 — 76.5 0.635 0.335 0.510 0.510 2682 AISB 0.510 -0.005 7 0.510 15.18 — 73.6

1.051 0.561 0.780 0.770 7609 AJIYA 0.770 -0.010 439.6 0.775 11.48 2.60 234.5 0.160 0.065 — — 9954 AKNIGHT 0.110 — — — — — 6.4 2.080 0.720 2.080 1.910 2674 ALCOM 1.960 -0.040 2546.3 2.022 22.32 10.46 263.3 0.970 0.315 0.970 0.860 4758 ANCOM 0.950 0.110 20463.4 0.905 25.54 — 208.0 3.550 0.931 3.150 3.010 6556 ANNJOO 3.050 -0.090 2470.9 3.047 6.49 2.95 1,613.8 0.551 0.166 0.200 0.185 9342 ANZO 0.185 -0.015 13425.7 0.189 — — 148.6 1.080 0.825 — — 5568 APB 1.060 — — — 13.27 6.13 119.6 4.147 3.220 4.000 3.940 5015 APM 4.000 0.070 57.1 3.964 15.71 3.75 806.4 1.240 0.692 1.230 1.190 7214 ARANK 1.200 UNCH 2172.5 1.208 8.12 2.50 144.0 1.230 0.621 1.210 1.140 7162 ASTINO 1.170 -0.030 3129.5 1.167 8.89 0.85 320.7 1.480 0.384 1.460 1.360 7099 ATTA 1.380 -0.070 1546.5 1.398 5.74 4.21 141.7 1.140 0.305 0.320 0.310 7181 ATURMJU 0.320 UNCH 37 0.315 — — 19.6 2.550 1.393 2.200 2.190 8133 BHIC 2.200 UNCH 17 2.199 5.49 1.36 546.6 0.570 0.390 0.445 0.435 7005 BIG 0.445 UNCH 12.6 0.437 — — 21.4 0.505 0.095 0.450 0.430 7187 BKOON 0.435 -0.010 3047 0.439 — — 120.4 1.110 0.755 0.955 0.945 0168 BOILERM 0.950 UNCH 268.1 0.949 21.21 1.58 490.2 2.425 1.690 1.710 1.690 6297 BOXPAK 1.690 -0.020 23.1 1.699 — — 202.9 1.657 1.293 1.430 1.410 5100 BPPLAS 1.410 -0.030 51 1.422 16.85 5.67 264.6 0.400 0.290 0.320 0.315 9938 BRIGHT 0.320 0.005 68 0.317 — — 52.6 0.665 0.210 0.570 0.530 7221 BSLCORP 0.540 -0.045 1092.7 0.542 7.19 — 52.9 0.365 0.195 0.275 0.270 7188 BTM 0.275 0.005 147.3 0.272 62.50 — 34.5 3.830 3.133 3.350 3.310 5105 CANONE 3.310 -0.060 206.9 3.324 7.03 1.21 636.0 0.040 0.005 — — 5229 CAP 0.010 — — — — — 13.6 2.200 1.910 2.120 2.090 7076 CBIP 2.090 -0.010 295.4 2.096 9.39 2.87 1,124.9 1.650 0.782 1.580 1.570 2879 CCM 1.570 UNCH 55.7 1.574 58.58 3.18 718.5 1.800 1.500 — — 8435 CEPCO 1.590 — — — 80.30 — 71.2 1.150 1.020 — — 8044 CFM 1.100 — — — — — 45.1 1.850 1.290 1.810 1.790 5007 CHINWEL 1.800 -0.010 495.8 1.804 9.38 4.44 539.2 2.500 1.343 2.280 2.210 5797 CHOOBEE 2.240 -0.030 225 2.230 7.30 2.68 246.2 1.100 0.680 1.000 0.990 8052 CICB 0.990 UNCH 5.4 0.992 25.19 — 49.5 0.075 0.045 0.055 0.055 7018 CME 0.055 UNCH 100 0.055 — — 26.7 4.628 3.269 4.080 4.060 2852 CMSB 4.070 -0.010 1629.5 4.074 22.90 1.55 4,372.7 0.540 0.200 — — 7986 CNASIA 0.390 — — — 0.77 — 17.7 1.559 1.241 1.340 1.320 5071 COASTAL 1.330 -0.010 214 1.332 15.18 1.50 707.0 1.150 0.650 1.080 1.030 7195 COMCORP 1.040 -0.030 1485 1.045 8.23 — 145.6 0.865 0.605 0.845 0.815 2127 COMFORT 0.820 -0.010 4696.4 0.826 17.01 — 458.2 2.320 1.220 2.020 1.980 5094 CSCSTEL 2.000 UNCH 2160.9 1.996 10.74 5.00 760.0 0.015 0.005 — — 0022 CYBERT 0.005 — — — — — 0.5 0.857 0.751 0.800 0.775 7157 CYL 0.775 -0.025 2.1 0.799 26.54 5.16 77.5 0.410 0.280 — — 5082 CYMAO 0.325 — — — — — 24.4 2.380 1.692 2.290 2.250 8125 DAIBOCI 2.290 UNCH 476.6 2.260 31.46 1.93 750.9 1.510 0.315 1.510 1.320 8176 DENKO 1.350 -0.130 1063.7 1.436 — — 141.0 0.330 0.215 0.300 0.295 7114 DNONCE 0.300 UNCH 573.5 0.300 — — 54.2 0.435 0.280 — — 5835 DOLMITE 0.285 — — — 129.55 — 77.7 0.430 0.300 — — 5835PA DOLMITE-PA 0.320 — — — — — 4.0 0.620 0.190 0.210 0.195 5265 DOLPHIN 0.200 -0.005 1746.4 0.201 — — 44.4 1.280 1.046 1.270 1.250 7169 DOMINAN 1.260 -0.010 50.8 1.256 9.06 3.97 208.0 1.860 0.808 1.800 1.760 1619 DRBHCOM 1.770 -0.030 2837.9 1.774 — 1.13 3,421.8 1.606 0.540 1.490 1.430 7233 DUFU 1.450 -0.040 957.1 1.448 8.75 3.10 254.4 0.985 0.810 0.845 0.825 8907 EG 0.835 -0.005 1661.5 0.830 7.80 — 176.7 1.100 0.860 0.985 0.980 9016 EKSONS 0.985 0.005 25 0.982 — — 161.7 0.927 0.510 0.745 0.735 7217 EMETALL 0.740 -0.010 690.4 0.740 16.97 3.38 126.7 0.885 0.500 — — 7773 EPMB 0.675 — — — — 1.48 112.0 0.465 0.385 0.430 0.415 0190 ESAFE 0.420 -0.015 1040.2 0.418 12.88 — 101.0 1.140 0.735 0.840 0.805 5101 EVERGRN 0.805 -0.025 4016.1 0.818 10.82 2.48 681.4 0.940 0.625 0.665 0.655 7249 EWEIN 0.655 -0.005 80 0.659 14.79 0.76 197.5 1.380 0.982 1.320 1.300 2984 FACBIND 1.320 UNCH 63.8 1.311 11.76 1.89 112.4 3.020 2.270 2.920 2.850 7229 FAVCO 2.880 -0.050 89.8 2.890 8.37 5.21 637.6 0.800 0.476 0.705 0.675 0149 FIBON 0.675 -0.040 227 0.697 10.31 1.85 66.2 2.370 2.020 2.330 2.320 3107 FIMACOR 2.330 0.020 12 2.328 9.67 5.36 571.5 1.898 1.368 1.700 1.680 5197 FLBHD 1.680 -0.010 221.4 1.688 7.84 8.93 173.4 1.500 1.330 1.340 1.330 3611 GBH 1.340 UNCH 19 1.339 154.0 — 250.0 2.470 1.450 2.160 2.120 7197 GESHEN 2.160 UNCH 39.9 2.157 10.16 — 172.8 0.085 0.040 0.060 0.055 5220 GLOTEC 0.055 UNCH 748 0.057 — — 296.0 0.735 0.200 0.260 0.235 7192 GOODWAY 0.255 0.025 256.3 0.249 — — 28.2 0.135 0.085 0.095 0.095 7096 GPA 0.095 UNCH 30 0.095 11.59 — 93.1 0.425 0.255 0.325 0.310 5649 GPHAROS 0.315 0.010 437 0.316 — — 42.4 0.253 0.196 0.210 0.210 0136 GREENYB 0.210 -0.005 221.5 0.210 150.00 2.86 70.1 0.145 0.085 0.105 0.105 7077 GSB 0.105 UNCH 180 0.105 — — 55.4 1.050 0.749 0.960 0.950 3247 GUH 0.950 -0.010 61.1 0.951 13.44 3.68 264.0 1.180 0.235 0.900 0.880 5151 HALEX 0.880 -0.020 61.5 0.892 — — 93.3 7.120 3.996 6.800 6.700 5168 HARTA 6.800 -0.010 1549.9 6.737 39.44 1.18 11,179 6.600 2.800 — — 7105 HCK 5.370 — — — 488.1 — 452.3 6.300 1.990 5.730 5.380 4324 HENGYUAN 5.400 -0.250 1361 5.488 3.16 — 1,620.0 1.524 0.983 1.320 1.300 5095 HEVEA 1.300 -0.010 1279.7 1.309 7.32 5.46 701.2 1.200 0.791 1.020 1.000 3298 HEXZA 1.000 UNCH 207.7 1.006 7.27 4.50 200.4 0.380 0.180 0.355 0.340 5072 HIAPTEK 0.345 0.005 17598.8 0.347 17.42 0.87 447.6 0.560 0.175 0.430 0.415 5199 HIBISCS 0.420 -0.005 8540.1 0.421 4.80 — 606.4 1.276 0.840 1.100 1.100 7033 HIGHTEC 1.100 -0.030 30.8 1.100 9.42 3.18 44.7 1.250 0.700 1.190 1.190 8443 HIL 1.190 -0.010 105.1 1.190 20.20 1.26 331.7 0.405 0.270 — — 5165 HOKHENG 0.320 — — — 32.32 — 25.6 0.055 0.020 0.040 0.040 2739 HUAAN 0.040 UNCH 100 0.040 — — 44.9 3.385 2.350 2.440 2.350 5000 HUMEIND 2.370 -0.080 70.8 2.392 44.47 0.84 1,135.5 0.075 0.045 0.055 0.050 9601 HWGB 0.055 UNCH 1841.1 0.052 — — 54.9 0.890 0.730 0.800 0.800 9687 IDEALUBB 0.800 -0.020 5 0.800 5.85 — 88.4 2.137 1.800 1.820 1.820 7222 IMASPRO 1.820 -0.010 65 1.820 18.33 1.92 145.6 0.300 0.185 0.215 0.205 7183 IRETEX 0.205 0.005 120 0.208 — — 28.3 0.085 0.055 0.060 0.060 7223 JADI 0.060 0.005 870 0.060 — — 56.5 0.175 0.137 — — 8648 JASKITA 0.145 — — — — 6.90 65.2 0.110 0.030 — — 2747 JAVA 0.035 — — — — — 6.1 1.120 0.892 1.110 1.110 7043 JMR 1.110 0.020 32 1.110 170.7 — 140.7 1.729 0.825 1.640 1.600 7167 JOHOTIN 1.620 UNCH 503.1 1.627 8.04 1.62 442.7 1.460 1.035 1.250 1.190 4383 JTIASA 1.200 -0.030 1828.8 1.216 15.33 1.08 1,168.5 0.310 0.160 0.260 0.250 0054 KARYON 0.255 0.005 3260.2 0.253 24.06 — 121.3 1.187 0.690 0.700 0.700 7199 KEINHIN 0.700 -0.010 8 0.700 12.09 2.14 69.3 0.585 0.340 — — 6211 KIALIM 0.410 — — — — — 25.4 3.078 2.733 2.980 2.950 3522 KIANJOO 2.950 -0.030 14.6 2.964 9.69 1.36 1,310.3 2.400 1.535 — — 5371 KIMHIN 2.100 — — — 9.09 2.86 326.8 0.085 0.025 0.060 0.055 5060 KINSTEL 0.055 -0.005 240 0.059 — — 57.7 1.700 1.090 1.270 1.270 9466 KKB 1.270 -0.010 25 1.270 — 3.15 327.4 0.455 0.270 0.280 0.270 7164 KNM 0.275 -0.005 7655 0.275 — — 592.9 1.129 0.751 1.020 0.995 6971 KOBAY 1.020 -0.020 2.1 0.996 16.45 — 104.1 0.393 0.265 0.275 0.270 7017 KOMARK 0.270 -0.010 147.9 0.273 — — 33.7 6.946 5.565 6.550 6.500 7153 KOSSAN 6.500 -0.010 492.9 6.503 25.60 1.69 4,156.5 0.800 0.345 0.800 0.700 7130 KPOWER 0.760 0.065 1071.1 0.737 — — 42.8 5.180 4.661 5.050 4.980 3476 KSENG 4.980 0.020 23.4 4.985 12.78 2.01 1,800.2 0.580 0.341 0.570 0.550 5192 KSSC 0.550 -0.010 601.3 0.559 9.96 2.73 52.8 0.760 0.295 0.760 0.650 8362 KYM 0.655 -0.045 5138.5 0.713 152.33 — 98.2 8.400 5.060 5.220 5.160 3794 LAFMSIA 5.220 UNCH 1176.1 5.213 660.76 3.83 4,435.4 0.920 0.515 0.920 0.880 9326 LBALUM 0.890 0.010 12108.8 0.903 9.86 2.25 221.2 0.614 0.448 0.530 0.515 5092 LCTH 0.515 -0.015 225.9 0.521 13.07 4.85 185.4 0.860 0.420 0.825 0.795 5232 LEONFB 0.800 -0.020 1636.2 0.806 6.91 1.88 248.0 0.440 0.100 0.365 0.330 8745 LEWEKO 0.330 -0.030 2318.6 0.349 — — 106.2 0.080 0.020 0.055 0.050 2887 LIONDIV 0.050 -0.005 170 0.052 — — 69.6 1.280 0.275 1.240 1.190 4235 LIONIND 1.210 -0.020 2025.7 1.208 — — 868.7 0.665 0.275 0.615 0.575 9881 LSTEEL 0.590 -0.015 1363.3 0.594 8.53 — 75.5 0.160 0.050 0.130 0.125 5068 LUSTER 0.125 UNCH 7361.6 0.125 — — 247.0 3.875 3.336 3.550 3.500 9199 LYSAGHT 3.520 0.010 17 3.522 9.33 1.99 146.4 1.280 0.495 1.150 1.110 5098 MASTEEL 1.110 -0.040 983.2 1.128 8.81 0.77 271.4 0.855 0.475 0.745 0.685 7029 MASTER 0.715 0.040 3560.1 0.718 12.50 1.40 39.1 1.170 0.795 1.100 1.060 5152 MBL 1.070 -0.010 52.5 1.061 7.76 3.74 98.4 0.870 0.618 0.800 0.780 7004 MCEHLDG 0.800 -0.015 2.3 0.783 137.9 1.88 35.5 0.660 0.290 0.315 0.315 3778 MELEWAR 0.315 UNCH 100.1 0.315 — — 71.0 0.789 0.478 0.690 0.690 5223 MENTIGA 0.690 -0.010 1 0.690 9.77 1.45 48.3 1.426 1.062 1.330 1.330 8192 MERCURY 1.330 UNCH 7 1.330 14.07 9.02 53.4 1.900 1.650 — — 6149 METROD 1.820 — — — 18.71 3.30 218.4 2.670 0.776 2.210 2.170 5001 MIECO 2.170 -0.020 100.4 2.184 7.99 4.61 455.7 0.150 0.075 0.130 0.125 7219 MINETEC 0.125 -0.005 212.8 0.126 — — 91.4 0.784 0.525 0.540 0.540 5576 MINHO 0.540 UNCH 26 0.540 9.29 — 118.6 4.403 2.530 4.000 4.000 5916 MSC 4.000 -0.040 12 4.000 14.93 2.00 400.0 2.190 1.400 1.590 1.570 3883 MUDA 1.590 0.010 80.6 1.586 18.75 1.89 485.0 1.200 0.400 0.855 0.825 5087 MYCRON 0.825 -0.025 1000.4 0.832 6.44 — 233.9 0.240 0.035 — — 7002 NAKA 0.190 — — — — — 10.5 0.385 0.190 0.195 0.195 5025 NWP 0.195 UNCH 204.4 0.195 — — 70.4 1.180 0.492 1.180 1.130 4944 NYLEX 1.140 UNCH 3525 1.159 10.90 1.75 221.5 1.760 1.004 1.740 1.700 7140 OKA 1.710 -0.030 297.5 1.723 10.02 3.22 278.6 1.270 0.865 1.270 1.190 5065 ORNA 1.260 0.050 725.7 1.247 10.14 2.38 94.8 0.090 0.055 0.070 0.070 7225 PA 0.070 -0.005 200 0.070 — — 66.3 7.800 5.998 7.220 7.110 5183 PCHEM 7.200 -0.010 3761.6 7.153 15.88 2.64 57,600 2.020 1.454 1.550 1.530 5271 PECCA 1.530 -0.030 32.1 1.535 19.27 2.61 287.6 0.801 0.584 0.640 0.635 9997 PENSONI 0.635 -0.005 180 0.636 10.85 4.72 82.3 8.150 5.465 — — 5436 PERSTIM 7.780 — — — 14.01 5.14 772.6 21.942 17.949 19.180 18.820 6033 PETGAS 18.880 -0.020 372.7 18.901 21.29 3.34 37,358.5 8.710 3.416 7.990 7.690 3042 PETRONM 7.700 -0.290 442.1 7.739 6.31 2.86 2,079.0 2.593 1.595 2.370 2.320 7095 PIE 2.320 -0.040 302 2.338 19.55 1.03 891.0 1.990 1.171 1.990 1.950 7172 PMBTECH 1.970 0.020 39.3 1.968 14.30 2.03 157.6 2.977 2.530 — — 8869 PMETAL 2.680 — — — 18.33 1.89 10,005 0.575 0.450 — — 6637 PNEPCB 0.515 — — — 13.59 — 67.7 0.995 0.270 0.615 0.600 8117 POLY 0.600 -0.020 86.2 0.605 2.80 — 96.0 1.450 0.840 1.430 1.370 8273 PPHB 1.380 0.010 717.9 1.397 8.50 — 151.7 0.365 0.250 — — 9458 PREMIER 0.275 — — — 229.1 — 92.7 1.370 0.501 1.340 1.300 9873 PRESTAR 1.320 -0.020 2074.5 1.320 7.76 2.27 266.7 1.110 0.635 1.040 0.940 7168 PRG 0.960 -0.080 661.7 1.003 80.00 0.52 286.3 0.330 0.085 0.270 0.250 7123 PWORTH 0.250 -0.010 21082.5 0.259 96.15 — 232.7 1.480 1.100 — — 7544 QUALITY 1.160 — — — — — 67.2 0.840 0.510 — — 7498 RALCO 0.570 — — — — — 23.9 5.970 5.320 5.780 5.770 7765 RAPID 5.780 UNCH 49 5.770 791.7 — 617.9 0.745 0.500 0.510 0.500 5256 REACH 0.500 -0.010 1739.9 0.501 22.12 — 548.2 0.625 0.387 0.600 0.575 7232 RESINTC 0.580 -0.015 1089.7 0.585 8.80 2.07 79.6 1.190 0.595 1.070 1.060 9741 ROHAS 1.070 0.010 287.9 1.061 — — 427.8 0.844 0.715 0.780 0.765 7803 RUBEREX 0.765 -0.015 56 0.768 8.52 1.63 192.9 5.180 3.604 5.180 4.900 5134 SAB 4.980 0.080 438.6 5.068 14.02 1.00 681.9 7.980 4.880 7.800 7.300 9822 SAM 7.730 0.430 632 7.570 21.22 1.33 973.1 1.010 0.841 1.000 0.990 7811 SAPIND 0.995 0.005 10.6 0.995 11.76 6.03 72.4

* 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 TUESDAY JUNE 20, 2017 • THEEDGE FINANCIAL DAILY



1.420 1.010 1.220 1.180 5170 SCABLE 1.180 -0.010 516.2 1.200 19.28 2.54 374.1 4.350 2.683 4.220 4.140 7247 SCGM 4.140 0.040 5.6 4.166 25.54 1.93 601.1 0.770 0.520 0.685 0.680 9237 SCIB 0.680 0.030 5.9 0.681 37.57 — 50.0 8.990 5.921 8.450 8.300 4731 SCIENTX 8.350 -0.100 274.5 8.422 18.67 1.92 4,037.7 0.345 0.250 — — 7239 SCNWOLF 0.320 — — — — — 28.0 0.525 0.135 0.250 0.240 7366 SCOMIEN 0.245 0.005 96 0.245 — — 83.8 1.660 0.660 1.310 1.250 7073 SEACERA 1.270 -0.030 6487.3 1.281 67.55 2.36 312.5 0.245 0.140 0.160 0.155 5145 SEALINK 0.160 -0.005 90.1 0.160 — — 80.0 0.765 0.250 0.700 0.700 5163 SEB 0.700 UNCH 40 0.700 — — 56.0 0.912 0.388 0.815 0.770 5181 SIGGAS 0.785 0.015 1052 0.801 32.57 1.53 147.2 1.040 0.550 — — 7115 SKBSHUT 1.040 — — — 15.50 — 41.6 1.440 1.083 1.310 1.290 7155 SKPRES 1.300 -0.010 773.9 1.305 14.59 2.69 1,607.8 3.021 1.949 2.500 2.500 7248 SLP 2.500 UNCH 2.5 2.500 24.32 1.80 618.3 0.740 0.585 — — 7132 SMISCOR 0.675 — — — — 3.70 30.2 1.780 0.884 1.700 1.650 5665 SSTEEL 1.680 -0.020 354 1.689 — 1.79 720.7 0.355 0.065 0.285 0.280 7143 STONE 0.285 0.005 50 0.281 — — 25.6 1.550 1.340 1.360 1.360 6904 SUBUR 1.360 UNCH 21.8 1.360 — — 284.2 4.320 1.535 3.720 3.680 7207 SUCCESS 3.720 -0.030 15.2 3.688 11.48 1.34 456.4 1.980 1.780 1.910 1.890 7235 SUPERLN 1.900 0.010 681.2 1.900 14.33 2.89 304.0 2.359 1.880 2.010 1.990 7106 SUPERMX 1.990 -0.020 1419.7 1.999 22.69 1.26 1,353.5 4.210 3.317 3.450 3.440 5012 TAANN 3.440 UNCH 30.2 3.443 10.03 3.51 1,530.3 0.545 0.355 0.415 0.405 4022 TADMAX 0.405 UNCH 403.4 0.408 — — 218.1 0.415 0.235 0.340 0.320 5149 TAS 0.325 -0.010 52 0.329 — — 58.5 14.658 12.135 13.020 13.000 4448 TASEK 13.020 -0.080 4.9 13.016 50.70 9.22 1,609.5 14.449 13.540 — — 4448P TASEK-PA 13.540 — — — — 5.17 4.5 0.290 0.090 0.200 0.190 5178 TATGIAP 0.190 -0.005 391.1 0.192 — — 29.5 1.220 0.290 1.180 1.080 7097 TAWIN 1.120 -0.040 1062.4 1.121 14.85 — 72.0 2.920 1.020 2.060 2.040 7439 TECGUAN 2.040 -0.010 12.8 2.055 6.83 — 81.8 0.700 0.285 0.595 0.595 6378 TEKALA 0.595 -0.005 10 0.595 — — 91.0 4.870 3.648 4.200 4.150 7034 TGUAN 4.190 -0.010 314.7 4.171 8.27 2.86 536.7 2.166 1.460 1.910 1.880 7374 TIENWAH 1.880 -0.010 81.1 1.884 4.74 6.38 272.1 0.800 0.560 0.695 0.695 7854 TIMWELL 0.695 -0.005 1 0.695 — — 61.9 1.047 0.595 0.990 0.975 7285 TOMYPAK 0.985 UNCH 527 0.983 16.42 3.25 412.5 3.601 1.712 3.370 3.360 5010 TONGHER 3.360 -0.030 37.1 3.363 10.01 8.93 529.0 5.940 4.130 5.610 5.480 7113 TOPGLOV 5.490 -0.120 6981.5 5.503 24.21 2.64 6,894.4 0.850 0.495 0.750 0.700 7173 TOYOINK 0.750 UNCH 6 0.742 — — 80.3 0.230 0.145 0.195 0.190 4359 TURIYA 0.190 UNCH 27.7 0.195 — — 43.5 1.930 1.449 1.920 1.900 7100 UCHITEC 1.910 0.010 415.9 1.908 14.16 6.81 847.7 6.712 3.310 4.490 4.430 7133 ULICORP 4.430 -0.070 109.5 4.470 23.04 2.71 643.2 1.425 1.113 1.240 1.240 7227 UMSNGB 1.240 -0.020 12 1.240 8.98 2.42 99.2 1.640 1.000 1.590 1.560 4995 VERSATL 1.570 -0.020 577.3 1.572 2616 — 184.2 2.120 1.124 2.100 2.020 6963 VS 2.020 -0.060 2986.9 2.038 18.23 2.39 2,422.9 1.010 0.651 0.965 0.945 5142 WASEONG 0.960 -0.005 1000.9 0.953 — 0.52 743.9 0.485 0.310 — — 7226 WATTA 0.400 — — — — — 33.8 2.050 1.402 2.000 1.960 7111 WEIDA 1.970 -0.030 128.7 1.976 13.79 1.52 262.7 2.349 1.715 2.170 2.150 7231 WELLCAL 2.150 -0.020 30.4 2.162 21.02 4.28 713.1 0.845 0.530 0.765 0.745 7050 WONG 0.745 -0.020 157 0.753 — — 68.3 0.700 0.430 0.600 0.600 7025 WOODLAN 0.600 -0.020 19 0.600 15.87 — 24.0 2.136 1.882 2.040 2.000 5009 WTHORSE 2.040 0.030 49.5 2.035 31.97 4.90 489.6 1.145 0.870 0.885 0.875 4243 WTK 0.875 0.005 141.1 0.879 86.63 2.29 421.2 1.380 0.953 1.230 1.160 7245 WZSATU 1.200 0.060 468.8 1.204 14.78 1.67 418.6 0.975 0.745 — — 5048 YILAI 0.800 — — — 37.04 — 128.0 0.400 0.180 0.235 0.230 7020 YKGI 0.235 UNCH 220 0.233 — — 81.9 0.700 0.380 0.580 0.580 7014 YLI 0.580 UNCH 12.7 0.580 11.39 — 59.7CONSTRUCTION 0.750 0.280 0.520 0.515 7007 ARK 0.515 -0.005 26 0.519 — — 25.1 1.190 0.592 1.120 1.100 7078 AZRB 1.100 UNCH 22.6 1.107 18.30 1.82 584.7 0.793 0.576 0.690 0.675 6173 BDB 0.690 0.015 57.5 0.676 6.56 6.52 209.7 0.625 0.351 0.455 0.440 5190 BENALEC 0.445 -0.010 1292.3 0.445 25.14 1.57 361.3 0.510 0.360 0.430 0.420 5932 BPURI 0.430 0.010 1249.6 0.427 122.86 — 114.9 1.070 0.790 1.010 0.985 8761 BREM 1.000 UNCH 738.1 0.992 72.99 — 345.5 1.200 0.865 1.170 1.140 8591 CRESBLD 1.140 -0.040 1300.7 1.152 11.59 3.51 201.7 2.120 1.460 1.850 1.850 7528 DKLS 1.850 -0.150 1 1.850 3.42 1.62 171.5 2.540 1.260 2.540 2.470 5253 ECONBHD 2.490 0.010 3552.5 2.499 16.98 1.81 1,332.2 1.520 1.010 1.200 1.150 8877 EKOVEST 1.170 -0.020 4466.7 1.172 11.00 1.03 2,502.9 1.010 0.482 0.955 0.930 7047 FAJAR 0.940 -0.015 2826.2 0.940 13.35 2.66 344.8 1.350 0.885 1.320 1.290 9261 GADANG 1.300 0.010 6857.9 1.302 8.92 2.15 852.1 5.480 4.535 5.360 5.320 5398 GAMUDA 5.350 -0.020 3766.6 5.345 20.43 2.24 13,065.4 1.490 0.815 1.440 1.350 5226 GBGAQRS 1.410 -0.010 1761.1 1.382 15.72 — 551.2 0.920 0.710 0.830 0.820 5169 HOHUP 0.820 -0.005 296.4 0.823 4.92 — 307.4 1.846 1.560 1.650 1.610 6238 HSL 1.650 0.010 53.6 1.620 17.63 1.45 961.4 3.610 3.043 3.500 3.460 3336 IJM 3.480 UNCH 1944.9 3.478 19.17 2.16 12,617.5 0.765 0.565 0.700 0.690 5268 IKHMAS 0.690 -0.010 607.1 0.691 69.70 0.72 358.8 0.360 0.290 0.330 0.305 0192 INTA 0.305 -0.025 13052.2 0.317 0.25 — 163.3 0.710 0.485 — — 8834 IREKA 0.620 — — — 23.13 — 105.9 1.790 0.890 1.520 1.490 4723 JAKS 1.510 0.020 1267.9 1.507 91.52 — 728.1 0.420 0.205 0.380 0.375 9083 JETSON 0.380 0.005 264 0.376 — — 76.7 3.440 1.926 3.350 3.230 7161 KERJAYA 3.250 -0.080 358.9 3.269 14.26 1.23 1,675.7 2.420 1.675 2.260 2.260 5171 KIMLUN 2.260 UNCH 1276.6 2.260 8.70 2.57 701.3 1.540 1.010 — — 9628 LEBTECH 1.510 — — — 157.29 — 206.1 1.240 0.644 0.870 0.870 5129 MELATI 0.870 0.005 10 0.870 4.76 2.01 104.4 0.380 0.240 0.340 0.325 5006 MERGE 0.330 0.010 201.1 0.336 13.10 — 22.1 1.470 1.150 1.370 1.360 9571 MITRA 1.370 UNCH 1217.4 1.370 7.13 3.65 920.9 1.240 0.570 1.150 1.130 7595 MLGLOBAL 1.140 0.010 1255 1.139 38.13 — 417.9 0.440 0.235 0.360 0.360 5924 MTDACPI 0.360 0.005 70 0.360 600.0 — 83.4 1.670 0.725 1.480 1.460 5085 MUDAJYA 1.460 -0.020 351.5 1.472 — — 806.5 2.990 2.074 2.780 2.650 5703 MUHIBAH 2.690 -0.060 282.4 2.699 11.59 2.04 1,296.9 0.724 0.318 0.655 0.645 8311 PESONA 0.645 -0.010 90.7 0.649 21.29 3.10 430.4 1.579 1.132 1.500 1.420 7055 PLB 1.500 0.010 6 1.443 — 0.67 136.9 1.288 0.924 1.080 1.050 5070 PRTASCO 1.060 UNCH 1551.4 1.064 13.84 5.66 450.2 0.215 0.095 0.180 0.175 7145 PSIPTEK 0.175 0.005 2778.8 0.177 18.62 — 55.5 4.170 3.125 4.170 4.110 9598 PTARAS 4.170 0.020 192 4.150 17.86 4.80 686.9 1.270 0.405 1.270 1.180 5205 SENDAI 1.270 0.080 7985.8 1.218 — 0.39 983.0 2.150 1.447 2.050 1.960 5263 SUNCON 2.000 -0.010 1194.9 2.014 20.02 2.50 2,585.8 0.415 0.300 0.335 0.325 9717 SYCAL 0.335 UNCH 278.2 0.330 18.61 — 107.3 0.760 0.364 0.735 0.700 5054 TRC 0.705 -0.030 3252.5 0.715 8.76 2.70 338.8 2.400 1.500 1.780 1.760 5622 TRIPLC 1.760 -0.030 127.6 1.769 5.44 — 120.5 0.825 0.430 0.750 0.730 5042 TSRCAP 0.730 -0.030 53.9 0.740 11.11 — 127.3 0.145 0.086 0.120 0.115 7070 VIZIONE 0.120 0.005 4032.1 0.115 46.15 — 105.0 1.680 0.890 1.440 1.420 3565 WCEHB 1.420 -0.030 277.5 1.429 40.57 — 1,423.9 2.467 1.457 2.140 2.050 9679 WCT 2.060 -0.080 1630.9 2.077 27.99 1.45 2,905.4 0.670 0.550 0.585 0.580 7028 ZECON 0.585 0.005 22.1 0.580 1.35 — 69.7 0.205 0.100 0.145 0.135 2283 ZELAN 0.140 -0.005 294.7 0.140 — — 118.3TRADING SERVICES 0.550 0.350 0.420 0.410 5238 AAX 0.415 UNCH 9474.8 0.414 42.35 — 1,721.5 0.275 0.135 0.145 0.145 5166 AEGB 0.145 UNCH 153.7 0.145 — — 59.4 2.960 2.082 2.220 2.180 6599 AEON 2.220 0.020 211.1 2.199 42.29 1.35 3,116.9 0.295 0.160 0.240 0.225 7315 AHB 0.225 -0.005 320.4 0.231 22.73 — 36.0 3.468 2.086 3.300 3.200 5099 AIRASIA 3.200 -0.070 6811.3 3.233 5.29 3.75 10,694.3 9.389 5.687 8.890 8.620 5014 AIRPORT 8.650 -0.140 6104.5 8.687 322.76 1.16 14,352.0 0.370 0.185 0.210 0.205 5115 ALAM 0.205 -0.005 582.8 0.210 — — 189.5 0.270 0.085 0.115 0.105 0159 AMEDIA 0.115 0.005 816 0.111 — — 27.5 8.670 7.217 7.500 7.500 6351 AMWAY 7.500 UNCH 1.1 7.500 26.77 2.67 1,232.9 2.378 2.133 — — 7083 ANALABS 2.230 — — — 10.76 1.46 133.9 0.085 0.025 0.040 0.040 5194 APFT 0.040 -0.005 1131 0.040 — — 22.0 0.840 0.500 0.770 0.750 5210 ARMADA 0.755 -0.010 3569.8 0.759 — 1.09 4,429.0 0.220 0.100 0.165 0.160 1481 ASB 0.160 UNCH 2351 0.160 20.25 1.56 107.8 2.913 2.504 2.720 2.670 6399 ASTRO 2.720 0.070 4831 2.692 22.69 4.23 14,169.9 5.093 4.550 4.690 4.690 7048 ATLAN 4.690 0.050 1.5 4.690 21.81 4.80 1,189.6 1.180 0.715 1.100 1.070 7579 AWC 1.090 UNCH 967.2 1.085 12.81 1.38 290.7 5.898 4.085 5.070 4.990 6888 AXIATA 5.070 0.080 4799.2 5.020 119.58 1.58 45,498.3 0.665 0.230 0.635 0.600 5021 AYS 0.610 -0.010 4533.6 0.614 8.33 3.00 232.1 0.740 0.570 0.585 0.575 7251 BARAKAH 0.580 -0.005 1990 0.580 55.24 — 478.8 2.339 1.931 2.010 1.960 5248 BAUTO 1.980 -0.010 1593.6 1.979 19.08 5.88 2,285.5 0.495 0.370 0.415 0.400 7241 BHS 0.415 0.005 123.7 0.405 — — 190.2 0.280 0.170 0.205 0.200 6998 BINTAI 0.205 UNCH 308.9 0.200 — — 59.4 6.845 5.922 6.070 6.070 5032 BIPORT 6.070 UNCH 8 6.070 17.42 3.95 2,792.2 2.460 1.332 2.370 2.330 5275 BISON 2.330 -0.040 14.5 2.332 36.58 0.64 722.5 0.410 0.306 0.355 0.345 3395 BJCORP 0.345 -0.005 5015.3 0.350 — — 1,698.6 1.969 1.215 1.530 1.500 5196 BJFOOD 1.530 0.030 354.1 1.508 50.83 — 581.0 0.700 0.470 0.480 0.480 4219 BJLAND 0.480 -0.010 40 0.480 — — 2,400.2 0.470 0.205 0.400 0.380 6025 BJMEDIA 0.380 -0.020 46.2 0.388 — — 89.3 3.299 2.480 2.610 2.570 1562 BJTOTO 2.570 -0.030 801.9 2.579 12.55 6.23 3,472.1 0.135 0.092 0.115 0.105 7036 BORNOIL 0.115 UNCH 30209.3 0.111 10.95 — 522.8 0.960 0.590 0.645 0.590 9474 BRAHIMS 0.595 -0.050 1438.8 0.609 — — 140.6 2.789 1.705 2.660 2.620 2771 BSTEAD 2.640 -0.040 189.5 2.638 14.09 5.68 5,351.2 0.395 0.280 0.320 0.310 5257 CARIMIN 0.315 -0.005 216 0.316 — — 73.7 1.990 1.300 — — 5245 CARING 1.780 — — — 33.65 0.84 387.5 3.545 2.170 2.220 2.170 2925 CCB 2.210 0.040 19.7 2.206 7.44 2.26 222.6 1.440 0.806 1.420 1.400 7117 CENTURY 1.410 0.010 619.7 1.406 26.36 2.48 553.2 0.470 0.401 — — 7209 CHEETAH 0.425 — — — — 1.76 54.2 1.490 0.793 1.330 1.300 5273 CHINHIN 1.320 -0.010 649.1 1.317 15.24 2.65 667.8 0.695 0.385 0.670 0.640 7016 CHUAN 0.645 0.005 1186.8 0.656 8.87 2.79 108.8 0.100 0.065 0.075 0.075 5104 CNI 0.075 -0.005 179 0.075 — 4.00 54.0 1.240 0.650 0.960 0.895 5136 COMPLET 0.910 -0.055 548 0.919 11.67 — 112.6 0.045 0.030 0.035 0.035 5037 COMPUGT 0.035 UNCH 1000 0.035 — — 74.7 2.820 1.760 2.730 2.680 5184 CYPARK 2.710 -0.040 1197.9 2.704 12.87 1.92 693.2 0.880 0.298 0.630 0.620 5276 DANCO 0.620 -0.005 267.3 0.624 13.28 2.42 184.8 0.105 0.050 0.080 0.080 0091 DAYA 0.080 -0.005 2254 0.080 — — 152.8 1.290 0.730 1.100 1.090 5141 DAYANG 1.100 UNCH 727.8 1.100 25.11 — 1,061.3 1.126 0.796 0.930 0.910 5132 DELEUM 0.915 0.005 171.6 0.915 16.73 3.83 366.0 0.895 0.555 0.700 0.690 7212 DESTINI 0.695 UNCH 985.5 0.695 20.81 — 802.9 1.970 1.426 1.940 1.900 7277 DIALOG 1.930 0.010 6652 1.927 29.78 1.24 10,762.1 6.670 3.652 5.000 5.000 5908 DKSH 5.000 UNCH 2 5.000 16.01 1.90 788.3 0.690 0.187 0.595 0.580 4456 DNEX 0.580 -0.010 18791 0.584 4.04 0.86 1,014.9 1.591 1.092 1.250 1.220 5216 DSONIC 1.240 0.010 1806 1.236 26.72 3.23 1,674.0 0.295 0.175 0.195 0.190 2097 EASTLND 0.190 -0.005 153.1 0.193 — — 46.7 1.090 0.425 0.455 0.425 5259 EATECH 0.425 -0.030 1849.3 0.436 — 5.29 214.2 0.370 0.200 — — 5036 EDARAN 0.285 — — — — — 17.1 0.290 0.165 0.230 0.205 7471 EDEN 0.210 -0.005 9716.9 0.216 — — 65.4 3.589 2.450 2.490 2.460 1368 EDGENTA 2.480 0.020 410.9 2.472 23.75 2.82 2,062.4 0.590 0.220 0.340 0.330 0064 EFFICEN 0.330 -0.010 1014.6 0.332 — — 234.0 1.000 0.759 0.940 0.900 5081 EIG 0.920 UNCH 48 0.918 16.14 2.45 218.2 2.110 1.067 1.830 1.810 5208 EITA 1.820 -0.010 73.8 1.826 8.73 2.20 236.6 1.520 1.100 1.330 1.310 5056 ENGTEX 1.310 -0.010 1297.4 1.314 6.46 0.76 464.5

0.624 0.370 0.555 0.545 6939 FIAMMA 0.550 -0.005 1022 0.555 11.20 2.73 291.5 0.440 0.380 0.410 0.405 9318 FITTERS 0.405 UNCH 537.5 0.408 — 1.48 194.6 1.490 1.100 1.380 1.340 7210 FREIGHT 1.350 UNCH 208.9 1.355 11.62 3.70 251.3 0.330 0.125 0.315 0.295 0128 FRONTKN 0.295 -0.015 33173 0.301 11.71 — 310.8 0.290 0.150 — — 9377 FSBM 0.200 — — — — — 28.3 3.096 2.130 2.930 2.850 5209 GASMSIA 2.920 -0.020 1171.1 2.918 22.38 4.40 3,749.3 0.820 0.373 0.695 0.670 0078 GDEX 0.670 -0.020 8228 0.680 95.71 0.37 3,736.1 6.302 4.071 5.700 5.640 4715 GENM 5.660 0.010 2449.7 5.664 10.52 1.63 33,609.3 10.000 7.449 9.790 9.720 3182 GENTING 9.750 0.030 1343 9.746 13.86 0.62 37,161.7 4.450 1.325 4.040 3.980 3204 GKENT 4.020 UNCH 899.5 4.014 14.89 2.49 1,509.6 0.555 0.300 0.485 0.485 7676 GUNUNG 0.485 -0.015 158.3 0.485 — — 114.5 3.980 1.681 3.920 3.900 7668 HAIO 3.920 UNCH 261.4 3.912 21.79 2.72 1,170.7 0.335 0.200 0.240 0.230 7253 HANDAL 0.230 -0.010 471.5 0.234 — — 36.8 9.266 7.192 9.010 8.810 3034 HAPSENG 8.990 0.200 1992.6 8.933 21.08 3.89 22,382.2 1.121 0.700 0.705 0.700 2062 HARBOUR 0.705 -0.010 100 0.705 8.48 2.84 282.3 4.330 2.860 4.310 4.290 5008 HARISON 4.300 -0.010 22 4.300 13.92 5.81 294.5 0.150 0.050 0.065 0.060 7013 HUBLINE 0.065 0.005 28453 0.065 — — 57.7 0.480 0.225 0.245 0.235 5255 ICON 0.235 -0.005 932 0.239 — — 276.6 6.730 5.540 5.990 5.930 5225 IHH 5.980 0.010 2121.3 5.965 58.11 0.50 49,252.8 0.920 0.725 — — 5614 ILB 0.770 — — — 59.23 3.25 150.2 1.000 0.730 0.730 0.730 5673 IPMUDA 0.730 -0.025 7 0.730 — 4.11 52.9 2.190 1.340 1.880 1.830 0058 JCBNEXT 1.880 0.050 1.2 1.834 29.56 1.06 263.2 0.310 0.230 0.295 0.290 8923 JIANKUN 0.295 UNCH 117 0.291 — — 49.2 0.390 0.295 0.375 0.355 8672 KAMDAR 0.375 UNCH 285.1 0.367 — — 74.2 0.355 0.180 0.225 0.225 5079 KBES 0.225 -0.015 25 0.225 — — 28.4 1.960 1.690 1.860 1.840 6491 KFIMA 1.850 -0.020 97.2 1.854 10.23 4.86 522.1 0.750 0.240 0.700 0.655 0151 KGB 0.665 -0.030 1853.5 0.672 13.88 1.50 152.8 1.680 1.020 — — 5035 KNUSFOR 1.300 — — — — 1.54 129.5 4.300 3.822 4.210 4.170 5878 KPJ 4.180 -0.020 38.1 4.190 30.16 1.67 4,453.8 1.740 0.923 1.410 1.400 5843 KPS 1.400 -0.020 143 1.404 1166.6 4.46 698.6 0.590 0.485 0.545 0.530 9121 KPSCB 0.545 -0.010 146 0.543 11.12 — 80.6 0.225 0.115 0.150 0.145 4847 KTB 0.145 -0.005 690.6 0.145 — — 58.4 0.628 0.299 0.510 0.500 6874 KUB 0.505 -0.005 1973.2 0.503 11.27 1.98 281.0 0.380 0.240 0.280 0.270 7170 LFECORP 0.275 UNCH 552 0.276 29.26 — 49.9 0.650 0.420 0.570 0.550 8486 LIONFIB 0.570 UNCH 2.5 0.554 — — 132.0 2.040 1.334 1.980 1.930 5143 LUXCHEM 1.950 -0.040 665.3 1.952 10.60 3.59 545.2 2.421 1.670 1.730 1.700 3859 MAGNUM 1.700 -0.030 1928.9 1.713 15.98 7.65 2,444.2 1.700 1.104 1.150 1.110 5264 MALAKOF 1.120 -0.030 8244.9 1.130 15.11 6.25 5,600.0 0.179 0.141 0.160 0.155 3514 MARCO 0.160 UNCH 524.5 0.155 9.64 3.13 168.7 6.549 5.415 — — 6012 MAXIS 5.880 — — — 22.10 3.40 44,161.8 0.955 0.680 0.750 0.710 5077 MAYBULK 0.720 -0.020 932.1 0.720 — — 720.0 2.636 1.903 2.250 2.220 5983 MBMR 2.250 UNCH 112.7 2.236 13.10 2.67 879.5 1.415 0.935 0.965 0.940 4502 MEDIA 0.965 0.025 1910.6 0.955 — 8.29 1,070.4 0.729 0.525 0.535 0.530 5090 MEDIAC 0.530 -0.005 786.9 0.531 13.35 5.79 894.2 1.070 0.550 0.825 0.790 7234 MESB 0.825 0.020 20.2 0.796 — — 34.7 4.020 1.713 3.830 3.770 3069 MFCB 3.790 -0.050 185.5 3.796 9.92 1.32 1,523.6 1.160 0.840 0.855 0.840 5186 MHB 0.845 -0.010 413.8 0.846 — — 1,352.0 7.827 6.782 7.490 7.340 3816 MISC 7.490 0.090 248.4 7.415 12.45 3.60 33,433.8 2.606 1.908 2.390 2.390 2194 MMCCORP 2.390 -0.030 5.2 2.390 13.16 1.67 7,277.7 0.395 0.205 0.385 0.365 0059 MMODE 0.365 -0.015 1562 0.372 — 1.64 59.4 0.100 0.055 0.060 0.055 0043 MTRONIC 0.055 -0.005 8394.5 0.055 — — 52.2 0.280 0.115 0.195 0.185 3891 MUIIND 0.190 UNCH 2472.2 0.190 — — 557.2 0.305 0.195 0.235 0.230 3905 MULPHA 0.230 UNCH 3326.7 0.231 23.96 — 735.1 2.370 1.385 2.170 2.130 0138 MYEG 2.140 -0.020 6888.4 2.145 39.78 0.64 7,717.5 0.865 0.305 0.540 0.510 9806 NATWIDE 0.510 -0.020 51 0.530 — — 61.3 0.140 0.070 0.090 0.085 4464 NICORP 0.085 UNCH 318 0.086 7.20 — 73.4 0.828 0.631 — — 5533 OCB 0.790 — — — 14.23 1.27 81.3 0.985 0.750 0.970 0.945 0172 OCK 0.965 0.005 1521.5 0.964 29.60 0.62 841.0 3.460 1.614 2.730 2.700 5201 OLDTOWN 2.720 -0.010 548.8 2.720 20.22 2.76 1,260.0 0.210 0.070 0.140 0.135 3018 OLYMPIA 0.140 UNCH 3532.2 0.140 29.17 — 143.3 2.540 1.640 1.770 1.730 5260 OWG 1.740 -0.030 354 1.755 63.74 — 422.6 0.510 0.390 0.415 0.410 8419 PANSAR 0.410 -0.005 115.2 0.415 23.43 2.44 114.8 0.665 0.435 0.610 0.590 5125 PANTECH 0.590 -0.015 925.4 0.598 14.11 2.63 436.8 0.885 0.565 0.590 0.580 5657 PARKSON 0.580 -0.010 341.1 0.583 — — 634.5 1.300 1.022 1.280 1.280 5041 PBA 1.280 UNCH 7 1.280 6.34 3.13 424.0 0.135 0.050 0.055 0.055 6254 PDZ 0.055 -0.005 1274.1 0.055 — — 47.8 1.250 0.867 1.180 1.170 5133 PENERGY 1.170 -0.020 101 1.173 — 1.71 376.4 1.550 1.540 — — 7108 PERDANA 1.540 — — — — — 1,198.8 0.250 0.040 0.050 0.045 0047 PERISAI 0.050 UNCH 1273 0.049 — — 63.0 0.290 0.115 0.170 0.170 7080 PERMAJU 0.170 -0.005 1342.4 0.170 — — 33.3 1.770 1.413 1.600 1.570 5219 PESTECH 1.600 0.030 33.2 1.582 21.86 — 1,221.4 25.245 22.248 24.480 24.140 5681 PETDAG 24.280 -0.020 344.8 24.20 25.51 2.97 24,121.1 0.250 0.030 — — 7027 PETONE 0.055 — — — 8.33 — 2.8 5.624 4.520 4.540 4.530 7081 PHARMA 4.530 -0.020 3.1 4.537 25.44 3.53 1,175.0 0.189 0.118 0.170 0.170 7201 PICORP 0.170 -0.005 20 0.170 — 3.59 111.9 0.420 0.220 0.305 0.295 7163 PJBUMI 0.295 UNCH 3 0.302 — — 14.8 5.780 2.412 5.220 5.140 4634 POS 5.180 -0.040 237.1 5.188 40.19 2.26 4,054.8 2.530 1.690 2.120 2.060 5204 PRESBHD 2.060 -0.020 80.5 2.075 110.16 1.46 997.0 2.590 1.640 1.800 1.740 8346 PRKCORP 1.770 -0.020 16.5 1.781 — — 177.0 0.310 0.155 0.305 0.295 0186 PTRANS 0.300 -0.005 3111.5 0.300 12.66 1.17 342.9 0.932 0.722 0.845 0.835 5272 RANHILL 0.840 0.005 232.6 0.840 8.62 9.29 746.2 0.360 0.155 0.290 0.280 0037 RGB 0.280 -0.005 2371.9 0.283 14.66 2.14 374.3 0.385 0.315 — — 8885 RPB 0.335 — — — — — 287.6 0.730 0.545 0.615 0.600 8567 SALCON 0.600 -0.010 505.5 0.608 — 3.33 406.6 1.147 0.358 0.965 0.935 5147 SAMCHEM 0.960 -0.005 589.2 0.947 15.89 3.39 261.1 0.315 0.105 0.235 0.230 9113 SANBUMI 0.235 -0.005 175 0.232 — — 53.2 2.399 1.920 2.370 2.350 0099 SCICOM 2.370 -0.010 1014.6 2.360 17.78 3.80 842.4 0.215 0.090 0.135 0.130 7158 SCOMI 0.130 -0.005 1267.1 0.135 — — 249.3 0.270 0.130 0.145 0.145 7045 SCOMIES 0.145 -0.005 255.3 0.145 — — 339.6 1.160 0.972 1.020 1.020 7053 SEEHUP 1.020 0.020 18 1.020 — 7.06 53.3 1.320 0.959 1.220 1.190 9792 SEG 1.210 -0.010 476.5 1.204 33.89 4.96 905.5 1.911 1.280 1.410 1.350 5250 SEM 1.370 -0.030 750.4 1.384 35.68 1.68 1,689.7 2.100 1.284 1.870 1.840 5218 SENERGY 1.850 0.010 3707.7 1.853 52.71 0.54 11,085.5 2.267 1.488 1.990 1.880 5279 SERBADK 1.900 -0.070 7354.3 1.902 1.99 — 2,536.5 9.670 7.067 9.620 9.580 4197 SIME 9.600 -0.020 10719 9.598 20.48 2.81 65,288.1 0.930 0.660 — — 9431 SJC 0.700 — — — 46.98 1.43 28.4 1.380 1.200 1.280 1.260 5242 SOLID 1.280 0.010 11.8 1.266 63.37 1.02 214.0 2.540 2.140 2.220 2.190 6084 STAR 2.220 0.020 1436.4 2.212 16.20 8.11 1,639.6 2.800 2.242 2.790 2.660 9865 SUIWAH 2.660 -0.140 31.1 2.720 15.06 1.32 162.3 0.110 0.045 0.060 0.050 1201 SUMATEC 0.055 -0.005 20115 0.055 — — 212.6 4.050 2.756 4.010 3.880 5211 SUNWAY 3.890 -0.110 1930.2 3.926 13.44 2.29 8,075.8 2.257 1.759 2.040 2.010 6521 SURIA 2.030 -0.010 45.2 2.024 9.17 3.45 585.0 0.355 0.235 — — 5173 SYSCORP 0.275 — — — 305.5 — 330.0 0.490 0.275 0.395 0.390 7228 T7GLOBAL 0.390 UNCH 514 0.394 15.92 — 148.8 1.747 1.280 1.500 1.500 8524 TALIWRK 1.500 -0.010 86.2 1.500 26.00 5.33 1,814.2 2.667 1.342 2.480 2.470 5140 TASCO 2.470 UNCH 93.9 2.471 16.11 1.82 494.0 14.560 12.832 14.500 14.360 5347 TENAGA 14.380 -0.060 10501 14.398 11.13 2.71 81,376.6 1.573 1.370 — — 8702 TEXCHEM 1.420 — — — 35.50 14.08 176.2 0.240 0.060 0.065 0.060 7206 THHEAVY 0.060 -0.005 443 0.064 — — 67.3 6.698 5.690 6.620 6.570 4863 TM 6.620 -0.030 3946.7 6.590 36.55 3.25 24,877.5 0.990 0.795 0.870 0.865 0101 TMCLIFE 0.865 -0.005 130 0.865 73.31 0.14 1,501.5 1.870 1.250 1.790 1.750 8397 TNLOGIS 1.750 -0.040 321.2 1.759 8.80 2.86 772.5 1.060 0.380 0.710 0.710 7218 TOCEAN 0.710 0.010 7.2 0.710 44.38 — 29.1 1.000 0.750 0.930 0.750 5167 TURBO 0.830 -0.055 47.5 0.795 22.87 6.02 89.6 2.892 2.400 2.680 2.580 7137 UMS 2.680 -0.020 14.1 2.585 15.27 2.24 109.0 1.040 0.495 0.510 0.495 5243 UMWOG 0.500 -0.005 1564.2 0.501 — — 1,081.0 1.330 1.006 1.160 1.100 7091 UNIMECH 1.140 UNCH 27.5 1.119 16.67 2.63 149.5 0.730 0.365 0.480 0.480 5754 UTUSAN 0.480 UNCH 36.3 0.480 — — 53.2 2.000 1.300 1.730 1.690 7250 UZMA 1.730 UNCH 118.7 1.717 20.74 — 553.6 0.900 0.600 0.865 0.805 7240 VOIR 0.850 -0.020 39.4 0.832 607.1 — 123.4 2.255 1.663 — — 5016 WARISAN 1.980 — — — — 2.02 133.1 0.510 0.410 — — 7692 WIDETEC 0.455 — — — 20.78 — 20.4 4.511 3.620 3.780 3.710 5246 WPRTS 3.710 -0.040 618.9 3.718 20.84 3.77 12,651.1 1.460 0.810 1.260 1.220 5267 XINHWA 1.240 -0.010 193.8 1.235 26.11 1.01 267.8 0.075 0.020 0.050 0.045 7122 YFG 0.050 UNCH 274 0.050 — — 30.5 3.480 2.537 3.420 3.390 7293 YINSON 3.400 0.020 1537.4 3.406 19.03 0.59 3,715.5 1.715 1.460 1.510 1.490 4677 YTL 1.500 UNCH 3047.1 1.502 18.77 6.33 16,365.8FINANCE 19.840 12.384 19.320 18.900 5139 AEONCR 19.100 -0.220 159.3 19.082 10.94 3.30 2,750.4 2.949 2.018 2.740 2.670 5185 AFFIN 2.680 -0.060 382.3 2.688 9.16 2.80 5,207.1 4.400 3.446 3.970 3.900 2488 AFG 3.970 0.070 274.9 3.942 11.82 4.03 6,146.0 12.980 9.492 12.920 12.840 1163 ALLIANZ 12.920 UNCH 34.9 12.89 7.24 0.70 2,250.6 12.680 9.511 — — 1163PA ALLIANZ-PA 12.680 — — — — 0.85 1,105.2 5.700 3.855 5.100 5.040 1015 AMBANK 5.070 -0.030 2681.3 5.066 11.51 3.06 15,281.9 1.934 1.263 — — 5088 APEX 1.700 — — — 25.53 2.94 363.1 4.590 3.773 4.540 4.500 5258 BIMB 4.510 0.010 208.8 4.508 12.53 2.88 7,386.2 11.140 8.057 10.480 10.340 1818 BURSA 10.360 -0.120 1768.2 10.363 27.73 3.28 5,558.4 6.870 3.949 6.730 6.650 1023 CIMB 6.670 -0.060 14070.7 6.675 14.90 3.00 60,377 0.705 0.320 0.520 0.515 2143 ECM 0.515 -0.010 143.2 0.519 21.91 — 147.6 1.270 1.111 1.250 1.230 5228 ELKDESA 1.250 -0.010 230.1 1.244 11.65 5.40 304.0 15.740 12.501 15.700 15.400 5819 HLBANK 15.480 -0.140 2753.8 15.482 14.26 2.65 33,556.3 10.100 7.327 — — 5274 HLCAP 9.980 — — — 31.65 1.20 2,464.0 17.735 13.509 17.500 17.200 1082 HLFG 17.500 0.020 17.8 17.49 12.19 2.17 20,081.5 2.630 2.373 — — 6688 HWANG 2.610 — — — 19.13 1.15 666.0 1.110 0.627 1.080 1.030 3379 INSAS 1.040 -0.020 3178 1.050 3.78 0.96 721.1 0.970 0.853 0.970 0.950 3379PA INSAS-PA 0.950 UNCH 13.4 0.952 — 6.32 126.0 0.395 0.115 0.245 0.225 3441 JOHAN 0.240 0.010 2016.3 0.240 — — 149.5 0.690 0.415 0.580 0.570 6483 KENANGA 0.570 -0.010 349.1 0.574 35.85 3.95 411.9 19.600 14.761 19.000 18.980 8621 LPI 18.980 -0.020 40.8 18.980 14.24 4.21 6,301.1 0.917 0.814 0.855 0.850 1198 MAA 0.855 -0.005 38 0.851 — 10.53 233.9 3.260 2.720 3.230 3.170 1058 MANULFE 3.210 -0.040 6.1 3.214 12.75 3.27 649.6 9.650 7.250 9.650 9.580 1155 MAYBANK 9.630 UNCH 9964.4 9.624 13.82 5.40 101,457 1.360 0.669 1.340 1.310 1171 MBSB 1.320 -0.010 5133.9 1.326 22.26 2.27 7,654.4 2.830 1.595 2.570 2.500 6459 MNRB 2.550 0.050 348.4 2.542 10.37 — 815.0 1.830 1.160 1.640 1.610 5237 MPHBCAP 1.620 -0.040 397.4 1.635 17.92 — 1,158.3 1.330 1.204 1.310 1.290 6009 P&O 1.300 0.020 48 1.298 20.28 7.31 319.7 20.580 18.471 20.400 20.320 1295 PBBANK 20.340 -0.060 2738.2 20.35 15.03 2.85 78,962.7 1.920 0.667 1.730 1.700 9296 RCECAP 1.700 -0.030 456.5 1.709 7.12 2.06 602.4 5.550 4.457 5.100 5.050 1066 RHBBANK 5.070 0.020 1273.7 5.068 12.52 2.37 20,330.9 0.730 0.435 0.670 0.665 4898 TA 0.670 UNCH 508.3 0.667 4.15 2.54 1,147.0 4.250 3.710 4.230 4.110 6139 TAKAFUL 4.200 -0.050 286.7 4.201 18.49 3.73 3,457.2 1.648 1.217 1.300 1.290 5230 TUNEPRO 1.290 -0.010 1666.5 1.291 13.99 4.03 969.8PROPERTIES 0.888 0.740 0.800 0.795 1007 AMPROP 0.800 UNCH 12.2 0.795 35.71 3.75 485.9 1.850 0.975 1.620 1.570 5959 A&M 1.590 -0.030 37 1.592 34.87 — 580.5

MarketsB U R S A M A L A Y S I A M A I N M A R K E T


2 7




0.448 0.345 0.395 0.390 1007PA AMPROP-PA 0.395 0.005 3.3 0.390 — 5.06 114.8 0.230 0.145 0.170 0.165 4057 ASIAPAC 0.170 UNCH 126 0.169 18.48 — 168.9 0.550 0.415 0.450 0.450 6602 BCB 0.450 UNCH 47.9 0.450 9.15 — 185.6 0.665 0.440 0.520 0.505 9814 BERTAM 0.505 -0.020 48 0.513 2.10 — 104.4 1.400 0.710 1.280 1.250 3239 BJASSET 1.280 0.010 518.6 1.267 — — 1,514.6 1.500 1.000 1.190 1.150 5738 CHHB 1.150 -0.040 9 1.170 — — 317.1 1.740 1.394 1.660 1.660 6718 CRESNDO 1.660 UNCH 3 1.660 6.60 3.01 465.6 1.679 1.165 1.670 1.670 5049 CVIEW 1.670 0.010 20 1.670 6.17 8.98 167.0 2.390 2.073 2.330 2.270 5355 DAIMAN 2.330 0.030 12 2.286 17.87 2.15 494.4 1.040 0.505 0.535 0.515 3484 DBHD 0.515 -0.010 172.4 0.520 — — 159.3 2.130 1.400 1.750 1.710 3417 E&O 1.720 -0.020 181.1 1.725 24.71 1.16 2,279.5 0.325 0.250 0.310 0.300 3557 ECOFIRS 0.310 UNCH 1187.5 0.303 29.25 — 249.0 1.720 1.200 1.660 1.630 8206 ECOWLD 1.640 -0.010 2531 1.644 19.45 — 4,828.8 0.920 0.570 0.785 0.750 6076 ENCORP 0.785 UNCH 22.1 0.750 6.01 — 218.7 3.000 1.825 — — 8613 ENRA 2.800 — — — 26.97 1.07 381.4 1.240 0.715 1.020 0.995 6815 EUPE 1.020 0.020 46.4 1.003 — — 130.6 1.360 1.000 1.080 1.050 5283 EWINT 1.060 -0.020 2429.1 1.058 — — 2,544.0 0.640 0.485 0.575 0.565 6041 FARLIM 0.565 -0.005 47 0.566 6.45 3.54 79.3 0.787 0.665 0.670 0.665 5020 GLOMAC 0.665 UNCH 441.2 0.666 3.64 5.26 484.0 0.523 0.367 — — 9962 GMUTUAL 0.445 — — — 8.40 4.49 167.1 0.470 0.290 0.385 0.370 1147 GOB 0.370 -0.020 1276.9 0.376 22.84 1.35 168.2 1.450 1.110 1.220 1.200 1503 GUOCO 1.220 UNCH 5.5 1.213 3.96 1.64 854.6 0.475 0.370 — — 7010 HOOVER 0.435 — — — — — 17.4 1.407 1.031 1.070 1.060 5062 HUAYANG 1.060 UNCH 106.7 1.066 6.14 1.89 373.1 0.670 0.472 0.615 0.605 4251 IBHD 0.605 UNCH 495.1 0.608 9.21 2.15 608.3 1.050 0.785 0.840 0.805 5084 IBRACO 0.840 -0.015 30 0.825 18.67 4.17 417.0 2.990 2.217 2.880 2.870 1597 IGB 2.870 -0.030 41.1 2.877 10.60 3.48 3,917.0 2.379 1.850 2.170 2.130 5249 IOIPG 2.170 UNCH 1057.1 2.154 10.50 3.42 11,989 0.620 0.395 0.410 0.395 5175 IVORY 0.410 UNCH 478.5 0.403 20.71 — 200.9 3.290 0.785 1.630 1.600 1589 IWCITY 1.610 -0.020 4188 1.611 — — 1,346.6 0.176 0.105 0.115 0.110 6769 JKGLAND 0.115 -0.005 19733.4 0.115 12.78 2.00 261.6 0.085 0.040 0.065 0.060 3115 KBUNAI 0.060 -0.005 2075.2 0.065 18.18 — 346.6 1.000 0.820 0.950 0.950 7323 KEN 0.950 UNCH 35 0.950 5.76 2.63 182.1 1.330 0.995 1.270 1.250 5038 KSL 1.270 0.030 625.8 1.259 4.01 — 1,317.6 0.312 0.210 0.220 0.215 3174 L&G 0.215 -0.005 6085 0.215 9.27 7.40 629.7 1.295 1.051 1.210 1.190 8494 LBICAP 1.200 UNCH 23.9 1.203 4.15 8.75 96.6 2.099 1.456 2.040 2.010 5789 LBS 2.030 UNCH 976.9 2.029 13.21 1.97 1,366.2 0.460 0.230 0.430 0.390 3573 LIENHOE 0.405 -0.020 1557 0.407 — — 146.5 1.690 0.897 1.490 1.490 7617 MAGNA 1.490 -0.010 60 1.490 2.01 4.03 498.7 1.700 1.340 1.590 1.550 8583 MAHSING 1.550 -0.040 148.1 1.575 11.67 4.19 3,734.6 1.940 0.551 1.490 1.430 6181 MALTON 1.450 -0.050 4369.2 1.448 18.31 1.72 765.0 2.828 2.227 2.710 2.610 5236 MATRIX 2.660 -0.050 777.5 2.657 8.06 5.17 1,546.3 1.880 1.000 — — 7189 MBWORLD 1.630 — — — 8.10 — 155.8 1.200 0.750 0.910 0.900 5182 MCT 0.910 -0.010 292.9 0.907 20.82 — 1,214.6 0.525 0.420 0.435 0.420 5040 MEDAINC 0.425 -0.015 694.9 0.427 — — 209.3 1.070 0.680 0.965 0.945 1694 MENANG 0.945 -0.005 196.6 0.955 7.89 — 252.4 0.420 0.250 0.375 0.335 8141 MJPERAK 0.365 0.040 2940.3 0.358 86.90 5.86 93.8 2.614 1.930 2.330 2.320 6114 MKH 2.320 -0.020 172.7 2.320 5.65 2.92 1,285.6 0.360 0.270 0.285 0.280 8893 MKLAND 0.280 -0.005 763.1 0.280 20.29 — 338.0 0.220 0.085 — — 6548 MPCORP 0.120 — — — — — 34.5 1.800 1.030 1.420 1.370 1651 MRCB 1.380 -0.020 6580.3 1.382 10.38 1.81 3,025.2 1.080 0.610 0.720 0.720 9539 MUH 0.720 0.010 2 0.720 — — 40.6 0.365 0.230 0.305 0.295 3913 MUIPROP 0.305 UNCH 1147 0.305 22.10 — 233.0 2.030 1.230 1.290 1.260 5073 NAIM 1.280 -0.010 210.1 1.271 — — 320.0 3.216 2.420 — — 5827 OIB 2.500 — — — 11.98 3.20 362.2 1.710 1.346 1.620 1.600 5053 OSK 1.620 -0.010 115.2 1.607 9.68 4.63 2,272.7 1.850 1.223 1.820 1.800 1724 PARAMON 1.820 0.020 1211.2 1.809 10.44 4.67 772.2 0.695 0.365 0.665 0.635 6912 PASDEC 0.635 -0.015 308.1 0.641 — — 181.6 1.820 1.540 1.710 1.700 5075 PLENITU 1.710 -0.010 40.9 1.709 14.06 2.63 652.4 0.365 0.225 — — 2208 PTGTIN 0.305 — — — — — 105.6 1.270 0.900 1.100 1.090 4596 SAPRES 1.100 UNCH 11.2 1.090 1.53 2.73 153.6 0.820 0.665 0.720 0.720 5207 SBCCORP 0.720 -0.005 159 0.720 — 0.64 169.1 1.030 0.785 0.955 0.930 2224 SDRED 0.930 UNCH 252.1 0.941 6.66 2.69 396.3 0.580 0.370 0.530 0.510 4286 SEAL 0.510 -0.020 744.2 0.518 37.78 — 123.9 2.962 2.761 2.850 2.850 6017 SHL 2.850 0.010 5 2.850 8.42 7.02 690.1 0.305 0.130 0.245 0.235 4375 SMI 0.235 -0.010 358 0.240 1.74 — 49.3 1.000 0.690 0.860 0.835 5213 SNTORIA 0.850 -0.005 94 0.844 12.41 2.35 424.2 5.190 4.211 4.850 4.820 1783 SPB 4.850 0.010 76.5 4.840 13.07 2.47 1,666.5 4.311 2.639 3.670 3.570 8664 SPSETIA 3.570 -0.080 1303.4 3.579 5.21 5.60 10,193 1.520 0.815 1.420 1.390 3743 SUNSURIA 1.420 -0.010 131.8 1.399 20.11 — 1,134.3 4.050 2.756 4.010 3.880 5211 SUNWAY 3.890 -0.110 1930.2 3.926 13.44 2.29 8,075.8 1.070 0.625 1.030 1.010 1538 SYMLIFE 1.010 -0.010 626 1.019 8.99 1.98 313.1 0.395 0.215 0.330 0.325 5158 TAGB 0.325 -0.005 1218.4 0.328 7.81 1.23 1,729.6 7.168 5.976 — — 2305 TAHPS 6.900 — — — 26.79 0.72 516.5 0.060 0.035 0.045 0.040 2259 TALAMT 0.045 0.005 457.9 0.040 — — 189.9 1.547 1.287 1.460 1.430 5191 TAMBUN 1.430 -0.020 142.2 1.444 5.42 6.29 619.4 0.140 0.055 0.100 0.100 2429 TANCO 0.100 -0.005 78.6 0.100 — — 66.2 0.315 0.170 0.250 0.225 7889 THRIVEN 0.235 -0.015 198.2 0.232 — — 88.5 0.085 0.040 0.070 0.065 7079 TIGER 0.065 -0.005 11304 0.065 — — 95.7 1.930 1.390 1.580 1.580 5239 TITIJYA 1.580 UNCH 422.1 1.580 8.18 0.32 647.8 1.044 0.937 0.965 0.955 5401 TROP 0.955 -0.010 153.5 0.959 10.69 4.66 1,399.8 1.360 0.995 1.250 1.230 5148 UEMS 1.240 0.020 2377.5 1.242 29.18 1.29 5,626.4 2.615 1.954 2.550 2.490 5200 UOADEV 2.500 -0.030 1471.4 2.502 6.35 6.00 4,081.2 1.810 0.935 1.800 1.800 2976 WINGTM 1.800 UNCH 263.2 1.800 58.44 1.67 877.2 1.279 0.846 — — 7003 Y&G 1.010 — — — 12.05 — 201.4 1.840 1.440 1.500 1.490 3158 YNHPROP 1.500 -0.010 176.6 1.497 19.48 — 793.5 1.610 0.910 1.410 1.380 7066 YONGTAI 1.400 -0.010 578 1.395 21.71 — 610.0 0.670 0.550 0.615 0.605 2577 YTLLAND 0.605 -0.010 201.2 0.608 14.90 — 510.8MINING 1.290 1.150 — — 2186 KUCHAI 1.240 — — — — 0.69 153.4PLANTATIONS 0.295 0.195 0.235 0.225 7054 AASIA 0.225 -0.010 38.5 0.229 225.0 — 148.5 19.740 17.227 18.800 18.780 1899 BKAWAN 18.780 -0.060 0.2 18.790 10.81 2.93 8,187.2 8.659 8.341 — — 5069 BLDPLNT 8.460 — — — 41.29 0.47 791.0 1.697 1.320 1.650 1.630 5254 BPLANT 1.650 -0.010 174.9 1.642 11.53 8.48 2,640.0 0.953 0.614 0.830 0.815 8982 CEPAT 0.815 -0.010 112.6 0.823 9.07 1.84 259.5 8.240 7.253 — — 1929 CHINTEK 8.100 — — — 41.69 2.10 740.0 0.545 0.385 0.455 0.455 3948 DUTALND 0.455 UNCH 393.5 0.455 — — 385.0 9.100 7.138 8.700 8.700 5029 FAREAST 8.700 0.100 4.4 8.700 9.00 3.45 1,230.1 2.506 1.412 1.870 1.770 5222 FGV 1.840 0.080 34720.1 1.829 65.48 0.54 6,712.6 11.679 9.986 11.120 11.020 2291 GENP 11.120 0.020 56 11.095 20.91 0.90 8,933.1 0.675 0.500 0.615 0.610 7382 GLBHD 0.615 -0.005 43 0.614 — — 137.1 1.580 1.140 — — 2135 GOPENG 1.300 — — — 42.76 3.08 233.1 0.895 0.790 0.800 0.800 7501 HARNLEN 0.800 UNCH 10 0.800 — — 148.4 2.650 2.224 2.600 2.590 5138 HSPLANT 2.590 UNCH 15.6 2.591 14.62 4.25 2,072.0 3.700 3.000 3.080 3.060 2216 IJMPLNT 3.070 0.010 37.1 3.076 23.51 2.28 2,703.4 0.734 0.651 0.680 0.680 2607 INCKEN 0.680 0.005 22 0.680 — 1.65 286.1 1.475 0.590 1.100 1.100 6262 INNO 1.100 UNCH 22 1.100 13.85 1.82 526.7 4.810 4.120 4.600 4.500 1961 IOICORP 4.500 -0.080 355 4.516 97.19 2.00 29,078.2 25.300 22.237 25.020 24.800 2445 KLK 24.900 -0.400 1836.6 24.901 20.73 2.01 26,580.9 3.500 2.991 3.230 3.230 2453 KLUANG 3.230 0.010 8 3.230 72.26 0.31 204.0 3.840 3.062 3.750 3.750 5027 KMLOONG 3.750 UNCH 11 3.750 16.41 4.00 1,169.3 0.695 0.491 0.555 0.550 1996 KRETAM 0.550 -0.005 247.9 0.551 31.43 1.82 1,280.2 1.750 1.160 1.640 1.560 6572 KWANTAS 1.640 0.050 19.5 1.603 10.28 — 511.2 1.600 1.270 1.330 1.330 4936 MALPAC 1.330 -0.020 5 1.330 127.8 — 99.8 0.963 0.757 0.890 0.830 5026 MHC 0.890 0.030 76.1 0.854 12.50 1.69 174.9 2.400 2.060 — — 5047 NPC 2.230 — — — 8.54 0.45 267.6 4.239 3.666 4.040 4.040 2038 NSOP 4.040 UNCH 5 4.040 32.71 1.49 283.6 0.315 0.190 0.240 0.240 1902 PINEPAC 0.240 UNCH 7 0.240 — — 36.0 1.380 0.920 — — 9695 PLS 1.150 — — — — — 375.7 0.550 0.460 0.465 0.460 5113 RSAWIT 0.460 UNCH 195.3 0.460 — — 652.5 4.100 3.346 — — 2542 RVIEW 3.800 — — — 18.33 1.58 246.4 3.180 2.900 3.000 3.000 2569 SBAGAN 3.000 UNCH 5 3.000 — 0.67 199.0 0.720 0.505 0.680 0.650 4316 SHCHAN 0.650 0.050 49.7 0.650 19.40 — 74.8 4.020 3.292 3.670 3.600 5126 SOP 3.650 0.050 177.2 3.641 10.52 1.37 2,083.4 2.060 1.590 1.620 1.620 5135 SWKPLNT 1.620 UNCH 119.7 1.620 12.53 — 453.6 0.815 0.640 0.680 0.670 2054 TDM 0.670 -0.005 477.5 0.675 22.19 0.75 1,008.7 1.207 0.998 1.150 1.120 5112 THPLANT 1.140 0.020 400.7 1.140 6.09 5.26 1,007.6 1.977 1.710 1.780 1.760 9059 TSH 1.760 -0.030 2 1.770 64.00 1.14 2,388.0 6.510 5.456 6.080 6.060 2593 UMCCA 6.060 -0.010 11.5 6.063 16.73 2.64 1,268.3 28.700 25.323 28.700 27.800 2089 UTDPLT 28.700 0.900 0.6 28.200 17.17 1.39 5,973.5HOTELS 0.628 0.483 0.565 0.565 5592 GCE 0.565 UNCH 3 0.565 — 3.54 111.3 1.000 0.680 0.900 0.880 1643 LANDMRK 0.900 UNCH 67.6 0.889 — — 476.0 0.285 0.115 0.165 0.160 1287 PMHLDG 0.160 -0.005 683.5 0.161 — — 148.6 5.295 4.864 5.070 5.070 5517 SHANG 5.070 UNCH 186.2 5.070 27.98 2.76 2,230.8TECHNOLOGY 0.780 0.585 — — 7031 AMTEL 0.630 — — — 30.29 — 31.0 0.420 0.180 0.330 0.320 5195 CENSOF 0.325 -0.005 1666.8 0.327 11.36 — 163.1 0.400 0.090 0.255 0.250 0051 CUSCAPI 0.255 -0.005 1232.7 0.254 — — 122.2 0.735 0.250 0.625 0.610 7204 D&O 0.615 -0.010 1142.9 0.616 41.55 — 613.6 0.710 0.110 0.425 0.405 8338 DATAPRP 0.405 -0.015 4766.9 0.412 — — 170.7 0.235 0.150 0.175 0.170 0029 DIGISTA 0.170 UNCH 1199.8 0.170 11.04 — 101.9 1.578 1.304 1.480 1.470 5162 ECS 1.470 -0.010 5.7 1.479 8.86 4.08 264.6 1.223 0.539 1.120 1.060 0065 EFORCE 1.070 -0.040 582 1.090 79.85 1.17 442.7 2.690 0.882 2.480 2.450 0090 ELSOFT 2.460 -0.020 366.9 2.460 18.82 1.63 674.1 1.870 0.780 1.470 1.430 0021 GHLSYS 1.450 0.030 1270.5 1.453 49.49 0.34 956.2 0.455 0.210 0.355 0.345 0082 GPACKET 0.355 UNCH 2380 0.350 5.24 — 269.3 0.260 0.175 0.230 0.225 0056 GRANFLO 0.230 UNCH 13 0.229 — 2.17 111.1 6.268 2.636 6.020 5.850 7022 GTRONIC 5.940 -0.090 686.4 5.911 62.72 0.67 1,690.0 0.980 0.510 0.850 0.845 5028 HTPADU 0.850 -0.005 102 0.849 10.04 5.88 86.0 2.199 1.980 2.040 1.980 0166 INARI 2.000 -0.020 3155.7 2.007 19.08 3.13 3,986.4 0.435 0.075 0.280 0.250 9393 ITRONIC 0.255 -0.015 1363.9 0.265 — — 26.2 0.688 0.453 0.595 0.585 5161 JCY 0.585 UNCH 1013.5 0.590 86.03 8.55 1,215.0 15.200 4.717 15.100 14.700 9334 KESM 14.800 -0.300 132.6 14.763 16.46 0.20 636.6 0.185 0.060 0.125 0.125 0143 KEYASIC 0.125 -0.005 487.6 0.125 — — 111.3 13.500 6.834 13.220 13.140 3867 MPI 13.200 UNCH 377.1 13.198 14.20 2.05 2,770.5 1.400 0.845 1.270 1.260 5011 MSNIAGA 1.260 0.050 0.9 1.261 19.03 — 76.1 1.327 0.343 1.140 1.100 0083 NOTION 1.110 -0.040 913.5 1.117 28.98 2.25 366.9 0.605 0.430 0.535 0.520 9008 OMESTI 0.520 -0.010 560 0.525 — — 223.8 0.375 0.260 0.310 0.295 0041 PANPAGE 0.300 -0.010 894.8 0.298 — — 79.6 3.970 0.735 3.700 3.670 7160 PENTA 3.680 -0.020 651.1 3.680 17.16 — 539.4 0.610 0.250 0.390 0.370 9075 THETA 0.375 UNCH 114 0.383 — — 40.2 0.215 0.065 0.145 0.135 0118 TRIVE 0.140 UNCH 1611.3 0.140 100.0 — 187.1 3.700 2.182 3.520 3.450 5005 UNISEM 3.450 -0.110 1125.7 3.472 14.67 3.19 2,531.7

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)

7.200 3.472 7.150 7.040 0097 VITROX 7.150 0.040 390.2 7.078 24.69 0.91 1,679.7 1.750 0.611 1.570 1.490 0008 WILLOW 1.500 -0.030 661.6 1.524 17.67 1.33 372.0INFRASTRUCTURE PROJECT COMPANIES 5.139 4.373 5.000 4.950 6947 DIGI 5.000 0.050 3154.2 4.990 24.19 4.10 38,875.0 6.150 5.318 5.930 5.870 6645 LITRAK 5.900 -0.030 42.3 5.887 14.01 4.24 3,107.4 1.270 0.880 0.940 0.925 6807 PUNCAK 0.935 -0.005 179.6 0.931 — — 420.1 0.555 0.330 0.520 0.495 5078 SILKHLD 0.495 -0.015 3684 0.507 — — 347.3 9.650 6.759 9.500 9.280 5031 TIMECOM 9.350 0.050 840.2 9.329 12.76 2.13 5,407.1 1.539 1.295 1.460 1.440 6742 YTLPOWR 1.450 0.010 1972.2 1.449 12.89 6.90 11,807.4CLOSED-END FUNDS 2.690 2.250 — — 5108 ICAP 2.620 — — — 5240 — 366.8EXCHANGE TRADED FUNDS 1.126 1.070 — — 0800EA ABFMY1 1.123 — — — — 5.06 1,482.8 1.960 1.605 1.960 1.960 0822EA CIMBA40 1.960 0.005 8.1 1.960 — 3.77 2.6 1.520 1.115 — — 0823EA CIMBC50 1.460 — — — — — 14.2 1.865 1.680 1.850 1.850 0820EA FBMKLCI-EA 1.850 UNCH 1 1.850 — 1.78 3.1 1.070 0.916 1.045 1.030 0826EA METFAPA 1.030 -0.005 88.4 1.039 — — 19.6 0.952 0.857 0.920 0.920 0825EA METFSID 0.920 UNCH 2 0.920 — 2.54 48.8 1.115 1.045 — — 0821EA MYETFDJ 1.105 — — — — 2.02 307.1 1.095 0.974 — — 0824EA MYETFID 1.090 — — — — 1.39 55.4REITS 1.073 0.935 — — 4952 AHP 0.940 — — — 44.34 4.79 206.8 1.659 1.415 — — 5116 ALAQAR 1.570 — — — 18.41 4.90 1,143.3 1.050 0.935 1.030 1.020 5269 ALSREIT 1.030 0.010 1.8 1.021 12.26 5.83 597.4 0.828 0.690 0.760 0.740 5120 AMFIRST 0.740 -0.015 422.5 0.745 22.84 5.49 507.9 0.970 0.835 0.955 0.950 5127 ARREIT 0.955 -0.005 36.2 0.954 13.88 6.03 547.4 1.170 0.986 — — 5130 ATRIUM 1.160 — — — 24.84 5.56 141.3 1.726 1.525 1.620 1.610 5106 AXREIT 1.610 -0.010 1242.7 1.613 14.85 5.19 1,779.3 1.720 1.470 1.540 1.510 5180 CMMT 1.520 -0.020 1140.8 1.527 18.47 5.55 3,092.6 1.617 1.440 1.450 1.440 5121 HEKTAR 1.440 -0.010 206.5 1.443 13.71 7.08 576.9 1.790 1.441 1.770 1.760 5227 IGBREIT 1.770 UNCH 335.4 1.768 22.01 4.92 6,201.1 1.029 0.900 0.925 0.920 5280 KIPREIT 0.925 0.005 12 0.921 21.92 — 467.4 8.100 6.966 7.820 7.800 5235SS KLCC 7.810 -0.050 838.9 7.810 16.02 4.56 14,099.7 1.350 1.056 1.290 1.260 5123 MQREIT 1.270 -0.010 677 1.271 15.16 9.99 1,356.4 1.910 1.555 1.760 1.730 5212 PAVREIT 1.730 -0.030 1351.2 1.731 16.98 4.76 5,235.5 1.760 1.493 1.750 1.730 5176 SUNREIT 1.740 0.010 175.3 1.738 15.59 5.20 5,124.4 1.220 1.132 1.220 1.210 5111 TWRREIT 1.210 UNCH 15.3 1.210 16.81 5.73 339.4 1.850 1.534 1.720 1.710 5110 UOAREIT 1.720 0.010 7 1.717 15.36 6.09 727.3 1.230 0.972 1.180 1.170 5109 YTLREIT 1.170 -0.010 989 1.173 — 6.61 1,994.1 1.230 0.972 1.190 1.170 5109 YTLREIT 1.180 -0.010 1446 1.174 — 6.55 2,011.2SPAC 0.720 0.670 — — 5234 CLIQ 0.720 — — — — — 454.3 0.480 0.450 — — 5241 SONA 0.475 — — — — — 670.1

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


CONSUMER PRODUCTS 0.299 0.195 0.235 0.230 0179 BIOHLDG 0.235 0.005 4490.1 0.234 20.09 — 189.4 0.320 0.200 0.245 0.230 0170 KANGER 0.230 -0.010 358.4 0.231 26.74 — 183.6 0.450 0.200 0.370 0.340 0148 SUNZEN 0.350 -0.015 2935.7 0.354 125.00 — 168.6 0.045 0.025 0.035 0.035 0095 XINGHE 0.035 -0.005 12.5 0.035 3.33 — 82.2INDUSTRIAL PRODUCTS 0.274 0.137 0.205 0.200 0105 ASIAPLY 0.200 -0.005 799.6 0.202 21.98 2.50 66.7 0.095 0.030 0.050 0.040 0072 AT 0.040 Unch 29977.6 0.045 — — 38.1 0.445 0.245 0.400 0.390 0163 CAREPLS 0.395 -0.010 5696.2 0.395 70.54 0.76 190.9 0.330 0.080 0.290 0.285 0102 CONNECT 0.290 0.005 4866 0.287 116.00 — 91.0 0.642 0.390 0.410 0.405 0100 ESCERAM 0.405 Unch 280.7 0.405 10.31 1.48 83.2 0.405 0.245 0.270 0.255 0175 HHGROUP 0.270 0.015 31 0.256 385.7 — 83.3 0.145 0.065 0.110 0.110 0160 HHHCORP 0.110 -0.005 387.2 0.110 22.45 — 36.7 0.460 0.150 0.440 0.385 0162 IJACOBS 0.390 -0.045 7324.1 0.403 29.10 — 52.9 0.165 0.085 0.135 0.130 0024 JAG 0.135 Unch 1811.3 0.131 24.55 — 167.1 0.240 0.125 0.185 0.180 0025 LNGRES 0.180 -0.010 581.3 0.180 19.35 — 43.6 0.150 0.040 0.055 0.050 0070 MQTECH 0.050 Unch 22448.9 0.055 — — 20.7 0.860 0.307 0.820 0.770 0049 OCNCASH 0.785 -0.025 1953.4 0.791 15.86 0.89 175.1 0.610 0.130 0.305 0.290 0038 PTB 0.295 -0.010 283 0.296 67.05 — 44.4 0.190 0.060 0.070 0.065 0133 SANICHI 0.065 -0.005 770.2 0.066 — — 55.8 0.060 0.025 0.040 0.035 0109 SCBUILD 0.035 -0.005 80 0.038 — — 30.9 0.220 0.110 0.170 0.165 0001 SCOMNET 0.165 -0.005 538.2 0.166 13.20 2.42 40.1 0.289 0.117 0.240 0.230 0028 SCOPE 0.230 -0.015 215 0.232 28.05 2.17 128.9 0.290 0.110 0.175 0.170 0055 SERSOL 0.175 Unch 415.1 0.170 — — 37.7 0.745 0.178 0.725 0.690 0084 TECFAST 0.695 -0.015 2579.4 0.706 31.45 0.72 118.9TECHNOLOGY 0.650 0.160 0.620 0.570 0018 ACCSOFT 0.605 -0.005 211.1 0.585 — — 503.7 0.550 0.160 0.500 0.475 0181 AEMULUS 0.490 -0.005 3241.9 0.484 128.95 — 215.0 0.455 0.115 0.365 0.360 0119 APPASIA 0.360 Unch 299.7 0.363 — — 105.4 0.450 0.155 0.250 0.240 0068 ASDION 0.240 -0.005 18.3 0.244 — — 27.9 1.190 0.710 0.760 0.750 0098 BAHVEST 0.750 -0.015 188 0.752 — — 449.9 0.770 0.670 0.710 0.670 0191 CABNET 0.670 -0.030 430.4 0.682 10.98 — 87.1 0.065 0.030 0.050 0.045 0152 DGB 0.045 Unch 536.9 0.045 450.0 — 22.0 0.075 0.020 0.040 0.035 0131 DGSB 0.035 Unch 5811 0.035 50.00 — 47.5 0.120 0.050 0.100 0.095 0154 EAH 0.095 -0.005 4947 0.095 39.58 — 141.6 0.280 0.150 0.165 0.155 0107 EDUSPEC 0.160 0.005 164.1 0.159 28.07 — 147.3 0.295 0.050 0.270 0.220 0116 FOCUS 0.220 -0.055 5359.7 0.227 — — 171.0 1.160 0.815 1.030 1.000 0104 GENETEC 1.030 Unch 109.7 1.016 — — 36.2 0.759 0.431 0.670 0.650 0039 GFM 0.665 0.015 378.6 0.661 27.14 2.18 284.7 0.090 0.030 0.085 0.070 0045 GNB 0.075 -0.010 6938.3 0.079 — — 21.7 0.185 0.070 0.165 0.160 0074 GOCEAN 0.165 -0.005 731.3 0.164 275.0 — 43.5 0.100 0.040 0.060 0.060 0174 IDMENSN 0.060 Unch 80.1 0.060 120.0 — 29.7 0.592 0.227 0.375 0.355 0023 IFCAMSC 0.355 -0.020 4724.8 0.362 29.58 1.41 215.9 0.100 0.065 0.070 0.070 0094 INIX 0.070 Unch 142.8 0.070 — — 17.7 0.240 0.100 0.150 0.145 0010 IRIS 0.145 -0.005 4119.5 0.146 — — 325.8 2.070 0.450 1.840 1.600 0146 JFTECH 1.660 -0.180 1158.2 1.688 49.40 0.60 209.2 2.805 0.464 2.580 2.430 0127 JHM 2.470 -0.130 643.1 2.483 24.03 — 611.2 0.270 0.130 0.210 0.210 0111 K1 0.210 0.005 347.1 0.210 — — 109.0 0.115 0.025 0.045 0.040 0036 KGROUP 0.040 -0.005 4660.7 0.040 — — 65.5 0.580 0.180 0.550 0.515 0176 KRONO 0.520 -0.025 4953.1 0.528 16.40 — 140.6 0.190 0.045 0.085 0.080 0017 M3TECH 0.080 Unch 4564.8 0.080 — — 46.9 0.300 0.150 0.240 0.235 0075 MEXTER 0.240 Unch 169 0.235 — — 48.2 0.590 0.420 — — 0155 MGRC 0.490 — — — 111.3 — 50.7 1.770 0.870 1.080 0.995 0126 MICROLN 0.995 -0.065 160 1.015 216.3 — 166.5 0.775 0.409 0.740 0.720 0112 MIKROMB 0.725 -0.010 2135.6 0.728 20.95 1.52 222.5 0.145 0.065 0.125 0.120 0085 MLAB 0.125 0.005 379.1 0.122 — — 23.4 0.070 0.040 0.050 0.050 0034 MMAG 0.050 Unch 147 0.050 — — 47.7 1.430 0.466 1.390 1.340 0113 MMSV 1.350 0.020 3299.3 1.366 15.72 1.48 220.1 0.245 0.060 0.075 0.075 0103 MNC 0.075 Unch 1787 0.075 24.19 — 32.6 0.310 0.145 0.210 0.205 0156 MPAY 0.210 -0.005 1194.3 0.209 — — 149.2 0.335 0.130 0.290 0.275 0092 MTOUCHE 0.275 -0.015 264.2 0.280 250.0 — 35.0 0.919 0.625 0.775 0.755 0108 N2N 0.770 -0.005 136.6 0.759 29.39 2.60 366.9 0.110 0.015 0.065 0.055 0020 NETX 0.055 -0.005 89159 0.060 — — 68.8 0.065 0.035 0.055 0.040 0096 NEXGRAM 0.045 -0.005 71356 0.046 — — 84.7 0.115 0.070 0.075 0.075 0026 NOVAMSC 0.075 Unch 361.5 0.075 — — 51.2 0.685 0.555 0.590 0.590 0035 OPCOM 0.590 -0.010 21.8 0.590 13.26 — 95.1 0.414 0.263 0.350 0.350 0040 OPENSYS 0.350 Unch 589.4 0.350 17.24 2.86 104.3 0.425 0.140 0.270 0.235 0079 ORION 0.235 -0.035 2399.2 0.246 — — 31.3 0.090 0.045 0.060 0.060 0005 PALETTE 0.060 -0.005 20 0.060 11.76 — 19.2 0.230 0.135 0.160 0.155 0123 PRIVA 0.155 -0.005 1947 0.158 — 1.29 86.5 0.175 0.055 0.140 0.135 0007 PUC 0.140 Unch 12918.3 0.135 56.00 — 164.0 0.945 0.477 0.875 0.830 0106 REXIT 0.840 -0.035 565.4 0.850 21.16 4.76 159.0 0.375 0.218 0.320 0.305 0178 SEDANIA 0.315 -0.005 398.1 0.309 — 3.17 63.0 0.190 0.055 0.125 0.120 0060 SKH 0.120 -0.005 2779.2 0.121 42.86 — 66.5 0.300 0.155 0.220 0.205 0117 SMRT 0.215 -0.005 565.7 0.210 — — 67.9 0.110 0.025 0.080 0.070 0169 SMTRACK 0.070 -0.005 7806.6 0.071 — — 24.3 0.355 0.232 0.310 0.305 0093 SOLUTN 0.305 -0.005 391 0.309 12.01 3.28 93.4 0.360 0.080 0.200 0.195 0129 SRIDGE 0.200 Unch 149.1 0.199 — — 24.2 0.340 0.140 0.270 0.265 0050 SYSTECH 0.265 -0.005 804.1 0.270 31.18 1.13 84.1 0.190 0.115 0.165 0.160 0132 TDEX 0.165 Unch 581.9 0.160 117.8 — 68.1 1.100 0.189 0.975 0.915 0120 VIS 0.940 -0.020 1738.7 0.938 20.09 0.53 104.1 0.244 0.115 0.125 0.115 0069 VIVOCOM 0.120 Unch 17742 0.121 10.71 — 388.1 0.145 0.065 0.100 0.100 0066 VSOLAR 0.100 Unch 130 0.100 — — 33.4 0.070 0.020 — — 0141 WINTONI 0.035 — — — — — 18.0 0.195 0.080 0.165 0.150 0086 YGL 0.165 Unch 25 0.153 — — 31.9TRADING SERVICES 0.400 0.150 — — 0122 AIM 0.250 — — — — — 66.5 0.165 0.060 0.140 0.120 0048 ANCOMLB 0.135 0.015 9956 0.130 — — 63.9 0.240 0.105 0.180 0.165 0150 ASIABIO 0.165 Unch 50506 0.173 42.31 — 68.2 0.275 0.155 0.200 0.195 0187 BCMALL 0.195 -0.005 1896.4 0.197 24.68 — 82.1 0.404 0.297 — — 0011 BTECH 0.345 — — — 20.06 4.43 86.9 0.320 0.170 0.230 0.230 0157 FOCUSP 0.230 -0.005 9 0.230 — — 38.0 1.009 0.386 0.805 0.785 0185 HSSEB 0.790 -0.020 1153.3 0.795 15.90 0.80 252.1 0.900 0.510 — — 0147 INNITY 0.685 — — — 58.55 — 94.8 0.360 0.235 0.265 0.260 0180 KTC 0.260 -0.005 655 0.261 36.62 — 132.7 0.350 0.130 0.325 0.285 0167 MCLEAN 0.285 -0.025 618.4 0.313 24.57 — 51.0 0.465 0.315 — — 0081 MEGASUN 0.365 — — — 15.80 — 79.4 0.280 0.165 0.190 0.185 0153 OVERSEA 0.190 Unch 276.2 0.186 — 1.58 46.8 0.181 0.115 0.165 0.155 0177 PASUKGB 0.160 Unch 20258 0.161 — — 129.9 0.380 0.230 0.380 0.320 0006 PINEAPP 0.360 0.045 3.9 0.352 225.0 — 17.5 0.355 0.201 0.330 0.320 0171 PLABS 0.325 -0.005 1918.9 0.324 18.68 2.15 69.8 0.015 0.005 — — 0110 RA 0.005 — — — 2.63 — 4.8 0.265 0.160 0.235 0.230 0080 RAYA 0.235 Unch 511.5 0.233 65.28 — 38.5 0.615 0.280 0.440 0.425 0032 REDTONE 0.435 0.005 158.7 0.434 — — 329.5 1.080 0.298 0.775 0.730 0173 REV 0.745 0.040 2582.9 0.755 6.70 — 100.3 2.398 1.576 2.220 2.200 0158 SCC 2.200 -0.100 7 2.209 15.32 4.55 94.1 0.275 0.135 0.215 0.215 0161 SCH 0.215 Unch 580.7 0.215 119.44 3.95 88.6 0.230 0.100 0.160 0.155 0140 STERPRO 0.155 Unch 737.5 0.155 — — 43.3 1.490 0.955 1.250 1.190 0089 TEXCYCL 1.250 0.070 445.7 1.207 13.34 0.40 213.5 0.205 0.100 — — 0145 TFP 0.165 — — — — — 33.8 0.175 0.095 0.115 0.110 0165 XOX 0.110 -0.005 3046.7 0.112 — — 93.7FINANCE 0.810 0.381 0.740 0.710 0053 OSKVI 0.710 -0.010 263.1 0.719 5.02 2.82 140.3

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

TUESDAY JUNE 20, 2017 • THEEDGE FINANCIAL DAILY 2 8

Bursa Malaysia Equity Derivatives

0.200 0.025 0.035 0.030 5238C1 AAX-C1 0.035 Unch 673.8 0.415 0.350 1.20 10/07/2017 0.185 0.055 0.055 0.055 5238C6 AAX-C6 0.055 -0.005 75 0.415 0.380 4.82 16/08/2017 0.165 0.065 0.075 0.070 5238C7 AAX-C7 0.070 Unch 295 0.415 0.430 20.48 31/10/2017 0.060 0.045 0.050 0.050 5238C8 AAX-C8 0.050 Unch 1300 0.415 0.550 44.58 29/12/2017 0.320 0.160 0.220 0.210 5238WA AAX-WA 0.215 -0.005 2955.8 0.415 0.460 62.65 08/06/2020 0.120 0.035 0.095 0.090 7146WA AEM-WA 0.090 -0.010 306.2 0.195 0.250 74.36 17/12/2019 0.165 0.025 0.030 0.030 6599CH AEON-CH 0.030 Unch 300 2.220 2.520 16.89 18/09/2017 0.455 0.110 0.325 0.310 5139CB AEONCR-CB 0.310 -0.015 125.7 19.10 16.50 2.62 16/10/2017 0.810 0.130 0.570 0.570 5185CV AFFIN-CV 0.570 Unch 7 2.680 2.150 1.49 31/07/2017 0.315 0.125 0.185 0.180 5185CW AFFIN-CW 0.180 -0.005 440 2.680 2.400 2.99 31/07/2017 0.190 0.075 0.075 0.075 2488CS AFG-CS 0.075 Unch 60 3.970 4.200 11.46 16/10/2017 0.155 0.050 0.110 0.100 7315WB AHB-WB 0.100 -0.010 769 0.225 0.200 33.33 28/08/2019 0.330 0.070 0.270 0.230 509947 AIRASIAC47 0.235 -0.020 3346.5 3.200 2.600 3.28 31/10/2017 0.460 0.185 0.380 0.370 509949 AIRASIAC49 0.375 -0.035 650 3.200 2.150 2.34 31/07/2017 0.200 0.090 0.155 0.145 509953 AIRASIAC53 0.145 -0.005 532 3.200 3.200 13.59 31/01/2018 0.180 0.075 0.120 0.105 509954 AIRASIAC54 0.105 -0.005 4056.2 3.200 3.600 21.36 31/10/2017 0.150 0.090 0.120 0.120 509955 AIRASIAC55 0.120 Unch 45 3.200 4.000 35.13 29/12/2017 0.210 0.135 0.180 0.175 509956 AIRASIAC56 0.175 Unch 402.4 3.200 2.900 13.59 29/12/2017 0.420 0.160 0.310 0.300 7609WA AJIYA-WA 0.305 -0.010 535.8 0.770 0.920 59.09 28/08/2021 0.610 0.085 0.355 0.345 1015CX AMBANK-CX 0.345 Unch 1487.3 5.070 4.150 -1.13 29/09/2017 0.440 0.200 0.235 0.230 1015CY AMBANK-CY 0.235 0.005 340 5.070 5.000 10.21 31/10/2017 0.100 0.035 0.045 0.045 1015CZ AMBANK-CZ 0.045 Unch 100 5.070 6.000 23.22 30/11/2017 0.045 0.005 0.015 0.015 0159WA AMEDIA-WA 0.015 Unch 3.5 0.115 1.100 869.57 02/01/2018 0.315 0.140 0.200 0.190 6556CC ANNJOO-CC 0.190 Unch 1390 3.050 2.800 13.61 31/10/2017 0.270 0.150 0.170 0.150 6556CD ANNJOO-CD 0.155 Unch 3488.4 3.050 3.000 16.15 08/12/2017 0.275 0.040 0.085 0.080 9342WA ANZO-WA 0.085 -0.005 168.5 0.185 0.250 81.08 19/11/2019 0.265 0.045 0.090 0.090 9342WB ANZO-WB 0.090 Unch 93.4 0.185 0.250 83.78 25/08/2023 0.335 0.065 0.250 0.240 0119WA APPASIA-WA 0.245 -0.005 155.9 0.360 0.130 4.17 23/12/2024 0.350 0.060 0.115 0.100 0068WB ASDION-WB 0.115 0.005 56.6 0.240 0.500 156.25 24/03/2019 0.110 0.045 0.085 0.080 0150WA ASIABIO-WA 0.080 Unch 748.5 0.165 0.300 130.30 19/04/2024 0.170 0.055 0.115 0.110 0105WA ASIAPLY-WA 0.110 -0.005 65 0.200 0.100 5.00 13/12/2020 0.210 0.070 0.100 0.100 6399C1 ASTRO-C1 0.100 Unch 50 2.720 2.600 2.94 30/11/2017 0.090 0.055 0.090 0.080 6399C3 ASTRO-C3 0.090 0.005 152 2.720 2.900 13.24 22/12/2017 0.765 0.095 0.745 0.660 7099WB ATTA-WB 0.680 -0.045 2241.9 1.380 1.000 21.74 09/05/2022 0.035 0.010 0.025 0.020 0072WA AT-WA 0.025 Unch 719 0.040 0.090 187.50 28/01/2019 0.040 0.020 0.030 0.030 0072WB AT-WB 0.030 0.005 380 0.040 0.030 50.00 17/10/2019 0.260 0.070 0.185 0.180 688815 AXIATA-C15 0.185 Unch 30 5.070 4.650 2.66 31/10/2017 0.290 0.115 0.210 0.210 688816 AXIATA-C16 0.210 Unch 20 5.070 4.500 1.18 18/08/2017 0.730 0.210 0.605 0.590 7078WA AZRB-WA 0.605 -0.010 78.9 1.100 0.700 18.64 13/05/2024 0.120 0.045 0.050 0.045 5248CR BAUTO-CR 0.045 -0.005 30 1.980 2.100 10.61 29/12/2017 0.120 0.110 0.115 0.110 524801 BAUTO-MC01 0.110 -0.005 400 1.980 2.150 19.70 14/12/2017 0.170 0.105 0.110 0.110 7241WA BHS-WA 0.110 -0.005 80 0.415 0.600 71.08 18/10/2020 0.450 0.260 0.360 0.355 5258WA BIMB-WA 0.360 Unch 921.1 4.510 4.720 12.64 04/12/2023 0.155 0.070 0.105 0.100 6998WA BINTAI-WA 0.105 Unch 50.1 0.205 0.200 48.78 15/06/2020 0.230 0.095 0.140 0.140 0179WA BIOHLDG-WA 0.140 -0.005 1939.1 0.235 0.220 53.19 05/01/2022 0.400 0.080 0.250 0.230 3239WA BJASSET-WA 0.235 -0.005 135 1.280 1.000 -3.52 16/03/2018 0.075 0.020 0.020 0.020 3395C3 BJCORP-C3 0.020 Unch 586 0.345 0.400 21.74 30/08/2017 0.160 0.060 0.105 0.105 3395WB BJCORP-WB 0.105 Unch 462.1 0.345 1.000 220.29 22/04/2022 0.175 0.050 0.125 0.120 3395WC BJCORP-WC 0.120 -0.010 3882.9 0.345 1.000 224.64 29/05/2026 0.155 0.010 0.010 0.010 1562CU BJTOTO-CU 0.010 Unch 500 2.570 3.100 21.79 31/07/2017 0.370 0.035 0.295 0.285 7187WA BKOON-WA 0.285 -0.010 612.6 0.435 0.200 11.49 07/07/2023 0.091 0.045 0.050 0.050 7036WB BORNOIL-WB 0.050 Unch 1410.1 0.115 0.060 -4.35 28/02/2018 0.081 0.050 0.050 0.050 7036WC BORNOIL-WC 0.050 -0.005 4310.1 0.115 0.070 4.35 08/11/2025 0.065 0.050 0.055 0.050 7036WD BORNOIL-WD 0.055 Unch 2482.7 0.115 0.070 8.70 29/05/2027 0.660 0.450 0.560 0.550 6297WA BOXPAK-WA 0.550 -0.075 10 1.690 2.040 53.25 13/03/2022 0.120 0.060 0.070 0.060 9938WB BRIGHT-WB 0.070 0.005 520.1 0.320 0.820 178.13 12/01/2019 0.435 0.060 0.335 0.310 181811 BURSA-C11 0.315 -0.005 890 10.360 8.900 1.11 30/11/2017 0.315 0.150 0.175 0.150 181812 BURSA-C12 0.175 0.025 1193 10.360 10.500 8.95 30/11/2017 2.550 0.950 2.210 2.180 7174WA CAB-WA 2.180 -0.050 106.2 2.770 0.550 -1.44 08/02/2020 0.160 0.080 0.095 0.095 7076CD CBIP-CD 0.095 Unch 50 2.090 2.000 4.78 18/08/2017 0.095 0.050 0.080 0.080 7076CE CBIP-CE 0.080 Unch 215 2.090 2.300 15.79 16/10/2017 0.470 0.290 0.410 0.400 7076WA CBIP-WA 0.400 0.005 91.9 2.090 2.400 33.97 06/11/2019 0.150 0.015 0.025 0.015 5195WA CENSOF-WA 0.020 -0.005 1325 0.325 0.460 47.69 18/07/2017 0.220 0.045 0.150 0.145 5195WB CENSOF-WB 0.145 -0.010 780.1 0.325 0.460 86.15 07/10/2019 0.310 0.100 0.265 0.260 102321 CIMB-C21 0.260 Unch 210 6.670 6.200 6.60 31/10/2017 0.335 0.150 0.295 0.295 102322 CIMB-C22 0.295 -0.035 5 6.670 5.700 3.15 24/11/2017 0.205 0.040 0.200 0.190 0102WA CONNECT-WA 0.195 0.010 6630 0.290 0.100 1.72 17/09/2021 0.205 0.035 0.190 0.180 0102WB CONNECT-WB 0.185 0.005 654 0.290 0.100 -1.72 07/06/2021 0.250 0.025 0.140 0.135 0051WA CUSCAPI-WA 0.140 -0.005 959.6 0.255 0.270 60.78 24/04/2018 0.470 0.365 0.380 0.365 5276WA DANCO-WA 0.375 -0.010 321.6 0.620 0.300 8.87 22/05/2022 0.035 0.005 0.020 0.015 7179WB DBE-WB 0.015 Unch 20233 0.035 0.050 85.71 22/01/2022 0.030 0.005 0.015 0.015 0152WA DGB-WA 0.015 Unch 776 0.045 0.110 177.78 22/04/2018 0.095 0.075 0.080 0.080 727714 DIALOG-C14 0.080 Unch 25 1.930 2.000 11.92 31/10/2017 0.200 0.140 0.170 0.155 727717 DIALOG-C17 0.170 Unch 818.2 1.930 1.900 7.25 31/01/2018 0.100 0.070 0.080 0.080 694719 DIGI-C19 0.080 Unch 90 5.000 5.100 5.20 31/01/2018 0.370 0.045 0.310 0.295 4456WD DNEX-WD 0.300 -0.005 18584.3 0.580 0.500 37.93 30/07/2021 0.140 0.060 0.100 0.100 7114WA DNONCE-WA 0.100 -0.005 1097.4 0.300 0.250 16.67 25/11/2020 0.150 0.060 0.065 0.065 5265WA DOLPHIN-WA 0.065 -0.005 195 0.200 0.800 332.50 29/03/2021 0.310 0.180 0.300 0.300 7169WA DOMINAN-WA 0.300 -0.010 20 1.260 1.300 26.98 10/09/2020 0.040 0.010 0.015 0.015 7198WA DPS-WA 0.015 Unch 10 0.095 0.540 484.2 03/01/2018 0.260 0.030 0.190 0.175 161926 DRBHCOMC26 0.185 -0.005 3040.2 1.770 1.550 3.25 30/08/2017 0.180 0.030 0.120 0.115 161927 DRBHCOMC27 0.115 -0.005 570 1.770 1.700 9.04 22/08/2017 0.330 0.105 0.290 0.285 161928 DRBHCOMC28 0.290 -0.015 430 1.770 1.050 0.28 30/06/2017 0.330 0.105 0.295 0.290 161929 DRBHCOMC29 0.295 0.005 20 1.770 1.200 1.13 16/08/2017 0.380 0.115 0.345 0.335 161930 DRBHCOMC30 0.340 Unch 328.2 1.770 1.100 0.56 30/11/2017 0.180 0.060 0.135 0.130 161932 DRBHCOMC32 0.130 Unch 3266.7 1.770 1.450 2.49 30/08/2017 0.195 0.060 0.160 0.155 161933 DRBHCOMC33 0.160 0.005 3863.8 1.770 1.650 11.30 31/10/2017 0.160 0.105 0.150 0.145 161935 DRBHCOMC35 0.150 0.005 61 1.770 1.800 22.88 25/01/2018 0.170 0.115 0.155 0.155 161936 DRBHCOMC36 0.155 -0.005 300 1.770 1.900 24.86 29/12/2017 0.135 0.070 0.085 0.075 5216CV DSONIC-CV 0.080 0.005 2702 1.240 1.300 17.74 31/10/2017 0.080 0.040 0.045 0.045 5216CW DSONIC-CW 0.045 Unch 25 1.240 1.400 21.98 31/10/2017 0.110 0.035 0.035 0.035 341710 E&O-C10 0.035 -0.005 9 1.720 2.150 29.07 30/11/2017 0.320 0.120 0.210 0.205 3417WB E&O-WB 0.205 -0.005 378.3 1.720 2.600 63.08 21/07/2019 0.065 0.020 0.040 0.040 0154WB EAH-WB 0.040 Unch 3.3 0.095 0.120 68.42 24/02/2019 0.195 0.090 0.140 0.135 3557WC ECOFIRS-WC 0.135 -0.010 220.2 0.310 0.300 40.32 10/09/2019 0.120 0.080 0.120 0.115 5253CA ECONBHD-CA 0.115 Unch 130 2.490 2.500 14.26 30/11/2017 0.180 0.180 0.180 0.180 5253CB ECONBHD-CB 0.180 Unch 30 2.490 2.400 18.07 28/02/2018 0.190 0.115 0.155 0.155 8206CF ECOWLD-CF 0.155 -0.010 35 1.640 1.600 11.74 31/01/2018 0.170 0.105 0.140 0.140 8206CG ECOWLD-CG 0.140 Unch 550.5 1.640 1.500 8.54 30/11/2017 0.175 0.100 0.140 0.140 8206CH ECOWLD-CH 0.140 Unch 30 1.640 1.600 10.37 08/12/2017 0.130 0.095 0.110 0.110 8206CI ECOWLD-CI 0.110 Unch 37 1.640 1.700 17.07 25/01/2018 0.710 0.350 0.550 0.510 8206WA ECOWLD-WA 0.535 -0.010 548.7 1.640 2.080 59.45 26/03/2022 0.150 0.045 0.050 0.050 0107WA EDUSPEC-WA 0.050 Unch 240.4 0.160 0.180 43.75 24/12/2018 0.945 0.360 0.820 0.770 0065WA EFORCE-WA 0.770 -0.040 198.1 1.070 0.680 35.51 17/07/2019 0.670 0.425 0.480 0.470 8907WC EG-WC 0.470 -0.020 180.7 0.835 0.500 16.17 03/11/2020 0.030 0.005 0.015 0.015 7182WA EKA-WA 0.015 Unch 178.5 0.080 0.200 168.7 22/01/2019 0.140 0.055 0.065 0.055 8877CA EKOVEST-CA 0.055 -0.010 1365 1.170 1.600 43.80 08/12/2017 0.080 0.070 0.075 0.070 887701 EKOVEST-MC01 0.070 Unch 115 1.170 1.400 31.62 14/12/2017 1.350 0.221 0.895 0.885 8877WB EKOVEST-WB 0.885 -0.020 232.1 1.170 0.480 16.67 25/06/2019 0.300 0.010 0.290 0.120 7149WA ENGKAH-WA 0.290 Unch 63.2 1.520 3.500 149.3 25/09/2017 0.630 0.305 0.480 0.460 5056WA ENGTEX-WA 0.465 -0.020 722.6 1.310 0.830 -1.15 25/10/2017 0.060 0.025 0.030 0.030 5283CE EWINT-CE 0.030 Unch 6216.2 1.060 1.350 34.43 30/11/2017 0.080 0.060 0.070 0.070 5283CF EWINT-CF 0.070 -0.005 800 1.060 1.050 15.57 28/12/2017 0.450 0.285 0.320 0.305 5283WA EWINT-WA 0.305 -0.015 3138.3 1.060 1.450 65.57 02/04/2022 0.085 0.005 0.005 0.005 3689CB F&N-CB 0.005 Unch 416.6 25.00 24.80 -0.40 30/06/2017 0.555 0.100 0.530 0.500 7047WB FAJAR-WB 0.505 -0.025 3608.6 0.940 0.700 28.19 24/09/2019 0.180 0.115 0.170 0.170 06501R FBMKLCI-C1R 0.170 -0.005 100 1,788 1,670 0.01 29/09/2017 0.120 0.075 0.120 0.120 06501U FBMKLCI-C1U 0.120 Unch 50 1,788 1,715 0.57 31/10/2017 0.580 0.525 0.575 0.560 06501Z FBMKLCI-C1Z 0.560 -0.005 32 1,788 1,740 3.53 30/11/2017 0.100 0.015 0.020 0.015 06502W FBMKLCI-H2W 0.020 Unch 112 1,788 1,715 -3.34 31/10/2017 0.425 0.190 0.190 0.190 06502Y FBMKLCI-H2Y 0.190 Unch 20 1,788 1,730 -0.64 29/09/2017 0.160 0.055 0.060 0.055 06502Z FBMKLCI-H2Z 0.060 Unch 185 1,788 1,765 1.01 30/11/2017 0.315 0.240 0.250 0.245 06504A FBMKLCI-H4A 0.250 0.005 170 1,788 1,710 -1.62 30/11/2017 0.480 0.385 0.405 0.385 06504B FBMKLCI-H4B 0.405 0.010 2660 1,788 1,790 4.59 30/11/2017 0.110 0.090 0.100 0.090 06504C FBMKLCI-H4C 0.095 -0.005 830 1,788 1,785 3.50 29/12/2017 0.160 0.010 0.030 0.025 522221 FGV-C21 0.030 Unch 4119.8 1.840 2.550 41.85 30/08/2017 0.225 0.030 0.080 0.060 522222 FGV-C22 0.070 -0.005 1039.6 1.840 1.650 0.33 30/06/2017 0.140 0.025 0.065 0.050 522223 FGV-C23 0.055 -0.005 6224.7 1.840 1.850 11.01 31/07/2017 0.205 0.035 0.070 0.055 522224 FGV-C24 0.065 Unch 13308.3 1.840 1.850 9.37 31/07/2017 0.070 0.020 0.050 0.040 522225 FGV-C25 0.045 -0.005 779.9 1.840 2.600 48.64 31/10/2017 0.135 0.030 0.065 0.055 522226 FGV-C26 0.060 Unch 10084.8 1.840 2.200 28.04 31/10/2017 0.085 0.015 0.060 0.045 522227 FGV-C27 0.055 -0.005 27441.9 1.840 2.450 40.63 16/10/2017 0.155 0.070 0.100 0.095 522228 FGV-C28 0.100 Unch 1874.3 1.840 2.050 25.00 31/01/2018 0.130 0.090 0.130 0.110 522229 FGV-C29 0.120 -0.005 3033 1.840 2.100 30.43 08/01/2018 0.195 0.160 0.195 0.175 522230 FGV-C30 0.190 -0.005 7620.4 1.840 1.600 15.87 28/12/2017 0.260 0.030 0.200 0.195 0116WC FOCUS-WC 0.195 -0.035 270 0.220 0.050 11.36 06/11/2019 0.740 0.230 0.655 0.630 9261WB GADANG-WB 0.640 0.010 8495.5 0.640 1.060 165.63 29/11/2021

YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE


0.210 0.075 0.165 0.160 539831 GAMUDA-C31 0.160 Unch 410 5.350 4.900 0.56 29/09/2017 1.480 0.910 1.340 1.330 5398WE GAMUDA-WE 1.340 0.010 964.9 5.350 4.050 0.75 06/03/2021 0.455 0.120 0.405 0.385 5226WA GBGAQRS-WA 0.395 -0.015 5016.2 1.410 1.300 20.21 20/07/2018 0.330 0.100 0.220 0.205 0078CD GDEX-CD 0.205 -0.005 10165.8 0.670 0.600 12.50 31/10/2017 0.572 0.117 0.415 0.400 0078WB GDEX-WB 0.400 -0.015 511.5 0.670 0.383 16.79 05/02/2020 0.345 0.175 0.190 0.190 471523 GENM-C23 0.190 Unch 300 5.660 5.500 7.92 29/09/2017 0.300 0.130 0.170 0.165 471524 GENM-C24 0.165 -0.005 1033 5.660 5.500 7.38 29/12/2017 0.190 0.105 0.115 0.110 471525 GENM-C25 0.115 0.005 45 5.660 6.000 14.13 07/12/2017 3.850 2.540 3.450 3.450 2291WA GENP-WA 3.450 -0.010 0.6 11.120 7.750 0.72 17/06/2019 0.160 0.070 0.130 0.130 318234 GENTINGC34 0.130 Unch 10 9.750 8.200 0.10 10/07/2017 0.380 0.235 0.295 0.295 318241 GENTINGC41 0.295 Unch 82.5 9.750 8.500 2.31 30/08/2017 0.160 0.125 0.125 0.125 318245 GENTINGC45 0.125 Unch 10 9.750 9.800 12.05 24/11/2017 1.990 1.240 1.800 1.770 3182WA GENTING-WA 1.770 -0.020 691.2 9.750 7.960 -0.21 18/12/2018 0.230 0.070 0.160 0.155 1147WA GOB-WA 0.155 -0.010 319.4 0.370 0.800 158.11 24/12/2019 0.085 0.025 0.055 0.050 0074WA GOCEAN-WA 0.050 -0.005 373.9 0.165 0.340 136.36 07/08/2019 0.055 0.025 0.035 0.030 7096WA GPA-WA 0.035 -0.005 50.2 0.095 0.100 42.11 03/06/2025 0.135 0.080 0.115 0.100 7022CH GTRONIC-CH 0.100 Unch 39.7 5.940 5.800 11.95 30/11/2017 0.275 0.095 0.200 0.195 7676WB GUNUNG-WB 0.195 -0.005 148.5 0.485 0.400 22.68 02/10/2020 0.170 0.065 0.155 0.145 5072WB HIAPTEK-WB 0.150 0.005 7537.2 0.345 0.500 88.41 23/06/2021 0.530 0.265 0.380 0.375 5169WA HOHUP-WA 0.375 -0.005 159 0.820 0.600 18.90 21/12/2018 0.390 0.270 0.280 0.270 5160WA HOMERIZ-WA 0.275 -0.005 129.5 0.915 0.920 30.60 09/07/2020 0.230 0.115 0.165 0.160 7213WB HOVID-WB 0.165 Unch 742.5 0.305 0.180 13.11 05/06/2018 0.050 0.015 0.020 0.015 7013WA HUBLINE-WA 0.020 0.005 396 0.065 3.200 4,854 04/11/2019 0.075 0.025 0.030 0.030 7013WB HUBLINE-WB 0.030 Unch 100 0.065 0.200 253.85 20/12/2020 0.045 0.015 0.030 0.030 9601WD HWGB-WD 0.030 Unch 280 0.055 0.080 100.00 15/03/2021 0.380 0.205 0.280 0.275 9687WB IDEALUBB-WB 0.275 -0.005 18.1 0.800 1.000 59.38 30/03/2021 0.115 0.035 0.060 0.060 5225C3 IHH-C3 0.060 Unch 50 5.980 6.300 8.36 29/12/2017 0.195 0.090 0.125 0.110 3336C5 IJM-C5 0.110 -0.005 648.8 3.480 3.500 5.32 29/12/2017 0.135 0.070 0.070 0.070 0166C1 INARI-C1 0.070 -0.010 40 2.000 2.100 12.00 29/09/2017 0.160 0.090 0.105 0.100 0166CV INARI-CV 0.100 Unch 220 2.000 1.750 2.50 28/07/2017 0.260 0.125 0.170 0.145 0166CW INARI-CW 0.145 -0.015 1360 2.000 1.750 0.19 13/07/2017 0.330 0.165 0.230 0.210 0166CZ INARI-CZ 0.210 -0.010 668.5 2.000 1.800 5.75 29/12/2017 1.450 0.625 1.270 1.240 0166WB INARI-WB 1.240 -0.040 208 2.000 0.800 2.00 17/02/2020 0.045 0.015 0.030 0.030 0094WA INIX-WA 0.030 Unch 142 0.070 0.100 85.71 16/11/2020 0.525 0.155 0.505 0.465 3379WB INSAS-WB 0.475 -0.015 8809.9 1.040 1.000 41.83 25/02/2020 0.180 0.075 0.095 0.085 196113 IOICORP-C13 0.085 -0.010 2.1 4.500 4.400 3.44 31/10/2017 0.085 0.085 0.085 0.085 196114 IOICORP-C14 0.085 -0.065 0.2 4.500 4.800 12.33 22/12/2017 0.110 0.085 0.100 0.095 5249CO IOIPG-CO 0.095 Unch 50 2.170 2.000 5.30 07/12/2017 0.165 0.110 0.125 0.125 8834WB IREKA-WB 0.125 0.015 2 0.620 1.000 81.45 25/06/2019 0.070 0.020 0.050 0.050 7183WA IRETEX-WA 0.050 Unch 10 0.205 0.800 314.63 10/06/2019 0.070 0.020 0.050 0.050 0024WA JAG-WA 0.050 -0.005 5773 0.135 0.100 11.11 14/08/2019 0.120 0.055 0.055 0.055 5161C2 JCY-C2 0.055 Unch 925.1 0.585 0.635 17.95 16/10/2017 0.115 0.045 0.080 0.080 9083WB JETSON-WB 0.080 Unch 50 0.380 0.750 118.42 06/02/2019 0.110 0.060 0.095 0.090 8923WA JIANKUN-WA 0.095 0.005 450.1 0.295 0.320 40.68 23/12/2021 0.830 0.205 0.765 0.745 7167WA JOHOTIN-WA 0.755 Unch 331.4 1.620 0.850 -0.93 21/11/2017 0.090 0.035 0.060 0.050 4383CN JTIASA-CN 0.050 -0.005 2189.2 1.200 1.350 18.75 16/10/2017 0.150 0.085 0.110 0.095 4383CO JTIASA-CO 0.100 Unch 1645.1 1.200 1.200 16.67 08/01/2018 0.245 0.110 0.160 0.150 0170WA KANGER-WA 0.155 Unch 84.9 0.230 0.100 10.87 13/04/2020 0.105 0.085 0.090 0.085 5247C1 KAREX-C1 0.090 0.005 4223.4 1.790 1.950 24.02 28/12/2017 0.115 0.025 0.035 0.025 5247CW KAREX-CW 0.030 Unch 3915.3 1.790 2.100 22.35 29/09/2017 0.090 0.020 0.020 0.020 5247CY KAREX-CY 0.020 Unch 106.5 1.790 2.250 28.49 31/10/2017 0.200 0.035 0.050 0.040 5247CZ KAREX-CZ 0.050 0.005 361.8 1.790 2.200 28.49 31/01/2018 0.035 0.010 0.025 0.025 3115WC KBUNAI-WC 0.025 Unch 360 0.060 0.131 160.00 20/10/2023 0.355 0.070 0.325 0.295 7161CA KERJAYA-CA 0.300 -0.025 2411 3.250 2.600 3.08 29/09/2017 0.115 0.070 0.100 0.090 7161CB KERJAYA-CB 0.095 -0.005 400 3.250 3.350 16.23 30/11/2017 0.215 0.135 0.175 0.170 7161CC KERJAYA-CC 0.170 -0.005 95 3.250 3.100 8.46 08/12/2017 2.500 1.090 2.400 2.350 7161WA KERJAYA-WA 2.350 -0.050 28.4 3.250 0.880 -0.62 20/12/2017 0.490 0.060 0.425 0.405 0151WA KGB-WA 0.410 -0.015 773 0.665 0.500 36.84 12/06/2019 0.035 0.003 0.010 0.010 0036WA KGROUP-WA 0.010 Unch 102.9 0.040 0.100 175.00 02/07/2018 0.030 0.020 0.025 0.020 0036WB KGROUP-WB 0.025 Unch 1098.1 0.040 0.050 87.50 01/05/2020 0.080 0.005 0.010 0.005 7164WA KNM-WA 0.005 -0.005 38 0.275 0.980 258.18 15/11/2017 0.150 0.080 0.090 0.085 7164WB KNM-WB 0.085 -0.005 427.5 0.275 1.000 294.55 21/04/2020 1.400 0.410 1.270 1.250 5878WB KPJ-WB 1.250 -0.030 116.2 4.180 4.010 25.84 23/01/2019 0.130 0.115 0.115 0.115 5038CH KSL-CH 0.115 Unch 17.3 1.270 1.300 25.00 08/01/2018 0.085 0.020 0.025 0.025 3794CC LAFMSIA-CC 0.025 Unch 100 5.220 7.000 36.49 31/01/2018 0.650 0.450 0.580 0.580 9385WA LAYHONG-WA 0.580 Unch 19.5 0.915 0.400 7.10 13/10/2021 0.835 0.335 0.760 0.755 5789WB LBS-WB 0.760 Unch 83 2.030 1.250 -0.99 04/10/2020 0.300 0.040 0.255 0.250 8745WB LEWEKO-WB 0.250 -0.005 127.2 0.330 0.200 36.36 08/09/2020 0.250 0.150 0.210 0.210 7126WA LONBISC-WA 0.210 Unch 51.8 0.760 1.000 59.21 26/01/2020 0.095 0.020 0.075 0.070 5068WA LUSTER-WA 0.070 Unch 4909.8 0.125 0.100 36.00 03/06/2022 0.095 0.020 0.075 0.070 5068WB LUSTER-WB 0.070 Unch 620 0.125 0.100 36.00 26/05/2023 0.060 0.015 0.040 0.040 0017WA M3TECH-WA 0.040 0.005 480.2 0.080 0.100 75.00 21/08/2019 0.030 0.010 0.010 0.010 3859CZ MAGNUM-CZ 0.010 Unch 60 1.700 2.280 35.88 31/10/2017 0.110 0.005 0.005 0.005 8583C7 MAHSING-C7 0.005 Unch 841.4 1.550 1.700 10.48 10/07/2017 0.265 0.140 0.170 0.160 8583WB MAHSING-WB 0.165 -0.005 167.8 1.550 1.440 3.55 16/03/2018 0.170 0.085 0.140 0.135 8583WC MAHSING-WC 0.140 0.005 138 1.550 2.100 44.52 21/02/2020 0.100 0.015 0.015 0.015 5264CT MALAKOF-CT 0.015 Unch 135 1.120 1.500 35.27 31/10/2017 0.100 0.045 0.045 0.045 5264CW MALAKOF-CW 0.045 Unch 575 1.120 1.200 15.18 29/09/2017 0.090 0.030 0.030 0.030 5264CX MALAKOF-CX 0.030 -0.005 1000 1.120 1.300 20.09 16/10/2017 0.990 0.085 0.720 0.655 6181WB MALTON-WB 0.660 -0.060 8715.7 1.450 1.000 14.48 29/06/2018 0.630 0.350 0.520 0.510 5236WA MATRIX-WA 0.520 -0.010 105.5 2.660 2.400 9.77 20/07/2020 0.655 0.080 0.655 0.650 115524 MAYBANKC24 0.655 Unch 85.5 9.630 8.000 0.08 30/06/2017 0.165 0.120 0.140 0.140 115530 MAYBANKC30 0.140 Unch 10 9.630 9.100 6.13 24/11/2017 0.190 0.165 0.190 0.180 115531 MAYBANKC31 0.185 Unch 422.4 9.630 9.500 4.41 28/02/2018 0.585 0.270 0.460 0.450 5152WA MBL-WA 0.450 -0.010 80 1.070 0.800 16.82 28/11/2022 0.205 0.155 0.185 0.175 1171C2 MBSB-C2 0.185 0.005 124.9 1.320 1.300 12.50 31/01/2018 0.130 0.075 0.100 0.100 1171CX MBSB-CX 0.100 -0.010 100 1.320 1.300 13.64 28/11/2017 0.090 0.055 0.070 0.065 1171CY MBSB-CY 0.065 Unch 2819.6 1.320 1.250 9.47 29/09/2017 0.080 0.055 0.060 0.060 1171CZ MBSB-CZ 0.060 Unch 80 1.320 1.450 21.21 30/11/2017 0.260 0.040 0.195 0.170 0167WB MCLEAN-WB 0.170 -0.020 339.1 0.285 0.250 47.37 07/10/2020 0.085 0.025 0.040 0.040 5040WB MEDAINC-WB 0.040 Unch 112.1 0.425 0.800 97.65 22/04/2022 0.065 0.025 0.045 0.040 5040WC MEDAINC-WC 0.045 -0.005 511.6 0.425 0.800 98.82 24/08/2024 0.180 0.035 0.055 0.045 4502CI MEDIA-CI 0.055 0.010 169.9 0.965 1.150 30.57 31/10/2017 0.395 0.205 0.245 0.245 0081WA MEGASUN-WA 0.245 -0.005 21.2 0.365 0.100 -5.48 29/04/2019 0.365 0.140 0.285 0.280 1694WB MENANG-WB 0.280 -0.005 913.5 0.945 1.000 35.45 09/07/2019 0.175 0.070 0.130 0.130 0075WA MEXTER-WA 0.130 Unch 10 0.240 0.130 8.33 17/09/2018 2.330 0.370 2.000 1.970 3069WA MFCB-WA 2.000 -0.040 48.7 3.790 2.220 11.35 08/04/2020 0.140 0.010 0.010 0.010 5186C1 MHB-C1 0.010 -0.005 8.6 0.845 1.000 19.82 29/09/2017 0.090 0.005 0.010 0.005 5026WA MHC-WA 0.010 Unch 1613.5 0.890 1.560 76.40 28/07/2017 0.050 0.020 0.040 0.040 7219WA MINETEC-WA 0.040 Unch 1611 0.125 0.150 52.00 27/11/2019 0.355 0.175 0.210 0.210 5576WC MINHO-WC 0.210 -0.010 71.9 0.540 0.500 31.48 02/08/2021 0.625 0.365 0.535 0.530 9571WD MITRA-WD 0.530 Unch 167.1 1.370 1.090 18.25 23/08/2020 1.125 0.652 0.790 0.780 6114WB MKH-WB 0.785 -0.015 57.5 2.320 1.550 0.65 29/12/2017 0.085 0.020 0.055 0.050 0085WA MLAB-WA 0.050 Unch 544 0.125 0.100 20.00 24/04/2020 0.880 0.220 0.785 0.750 7595WA MLGLOBAL-WA 0.770 -0.010 22.2 1.140 0.500 11.40 27/10/2019 0.220 0.070 0.080 0.075 2194C4 MMCCORP-C4 0.075 -0.005 62.1 2.390 2.250 0.42 31/07/2017 0.055 0.020 0.035 0.035 0103WA MNC-WA 0.035 Unch 100 0.075 0.100 80.00 05/11/2021 0.550 0.120 0.540 0.530 3867CF MPI-CF 0.530 Unch 118 13.20 8.000 0.76 22/08/2017 0.290 0.080 0.095 0.085 165112 MRCB-C12 0.095 Unch 109.9 1.380 1.400 11.78 16/08/2017 0.180 0.035 0.040 0.035 165113 MRCB-C13 0.040 Unch 292.4 1.380 1.550 19.57 30/08/2017 0.100 0.025 0.040 0.030 165114 MRCB-C14 0.030 Unch 396.3 1.380 1.900 43.12 31/10/2017 0.135 0.030 0.045 0.040 165115 MRCB-C15 0.040 Unch 16564.5 1.380 1.800 34.78 24/11/2017 0.060 0.040 0.045 0.045 165116 MRCB-C16 0.045 Unch 901.2 1.380 2.100 62.61 29/12/2017 0.390 0.070 0.130 0.125 1651C9 MRCB-C9 0.130 0.005 264.8 1.380 1.450 14.49 30/08/2017 0.175 0.085 0.110 0.105 1651WA MRCB-WA 0.105 -0.005 1410.1 1.380 2.300 74.28 14/09/2018 0.080 0.010 0.025 0.025 0092WA MTOUCHE-WA 0.025 -0.005 579.7 0.275 1.260 367.2 17/01/2018 0.125 0.030 0.085 0.085 0092WB MTOUCHE-WB 0.085 Unch 20 0.275 0.540 127.2 16/03/2020 0.370 0.180 0.195 0.185 5703CD MUHIBAH-CD 0.185 -0.040 18 2.690 2.600 5.82 29/12/2017 0.710 0.150 0.545 0.545 0138C1 MYEG-C1 0.545 Unch 232 2.140 1.400 -0.62 30/06/2017 0.405 0.140 0.295 0.290 13810 MYEG-C10 0.295 Unch 500 2.140 1.600 2.34 18/08/2017 0.190 0.075 0.120 0.115 13815 MYEG-C15 0.120 Unch 448 2.140 2.000 9.72 29/09/2017 0.255 0.100 0.175 0.170 13816 MYEG-C16 0.170 -0.020 160 2.140 2.000 9.35 31/01/2018 0.095 0.080 0.080 0.080 13819 MYEG-C19 0.080 Unch 300 2.140 2.650 33.93 29/12/2017 0.390 0.090 0.265 0.250 0138C6 MYEG-C6 0.250 -0.005 658 2.140 1.733 0.47 13/07/2017 0.195 0.065 0.135 0.130 0138C7 MYEG-C7 0.130 -0.005 686 2.141 1.867 3.38 22/08/2017 0.480 0.115 0.380 0.380 0138C8 MYEG-C8 0.380 Unch 150 2.140 1.567 2.81 31/10/2017 0.460 0.140 0.340 0.340 0138C9 MYEG-C9 0.340 Unch 60 2.140 1.600 1.25 16/08/2017 0.065 0.005 0.035 0.025 0020WB NETX-WB 0.030 Unch 43906.2 0.055 0.050 45.45 08/06/2019 0.030 0.015 0.025 0.025 0096WA NEXGRAM-WA 0.025 -0.005 170 0.045 0.100 177.78 16/05/2022 0.035 0.015 0.025 0.020 0096WC NEXGRAM-WC 0.020 -0.010 740 0.045 0.100 166.67 15/01/2024 0.065 0.005 0.015 0.015 7139WA NICE-WA 0.015 Unch 170 0.090 0.160 94.44 09/08/2017 0.415 0.190 0.370 0.365 0172WA OCK-WA 0.365 -0.005 1343.2 0.965 0.710 11.40 15/12/2020 0.255 0.060 0.185 0.180 7071WC OCR-WC 0.180 -0.005 206 0.640 0.500 6.25 24/07/2021 0.370 0.195 0.300 0.295 5053WC OSK-WC 0.300 -0.005 112.8 1.620 1.800 29.63 22/07/2020 0.200 0.180 0.180 0.180 7052CK PADINI-CK 0.180 Unch 100 3.470 3.200 7.78 28/02/2018 0.065 0.030 0.030 0.030 0005WA PALETTE-WA 0.030 -0.005 255 0.060 0.040 16.67 20/03/2018 0.300 0.080 0.225 0.215 5125WA PANTECH-WA 0.225 Unch 29.8 0.590 0.500 22.88 21/12/2020 0.300 0.105 0.235 0.220 5125WB PANTECH-WB 0.230 Unch 126 0.590 0.500 23.73 21/12/2021 0.270 0.145 0.175 0.175 5022WA PAOS-WA 0.175 -0.015 58.5 0.550 0.500 22.73 14/12/2021 0.165 0.085 0.120 0.110 129512 PBBANK-C12 0.110 Unch 350 20.34 19.55 -0.10 31/07/2017 0.240 0.085 0.095 0.085 518310 PCHEM-C10 0.095 0.005 4773 7.200 7.100 3.23 18/08/2017 0.255 0.065 0.115 0.105 5183C9 PCHEM-C9 0.110 0.005 1330.1 7.200 7.000 2.57 29/09/2017

Main Market & Ace Market Warrants

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

TUESDAY JUNE 20, 2017 • 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 gain on signs tight liquidity is easing

SHANGHAI: China stocks rose yesterday, with the blue-chip CSI 300 Index snapping a three-day losing streak, on signs that tight liquidity is easing and as fewer new listings are expected to come onto the market. The CSI 300 rose 0.99% to 3,553.67 points, while the Shanghai Composite Index added 0.68% to 3,144.37. Traders said liquidity conditions improved as the central bank continued to provide funds via open market operations, after injecting a net 410 billion yuan into money markets in the previous week, the biggest weekly injection since mid-January. Still, authorities appear to have paused their campaign in recent weeks, possibly due to concerns over liquidity or perhaps an indication that they are assessing earlier policy steps to see if they are starting to slow the real economy, as many analysts predict. “Liquidity conditions have eased as the government has recently decreased its focus on tightening fi nancial regulations,” UBS Securities wrote in a report. Expectations of fewer new listings also supported Chinese stocks yesterday, particularly small-caps whose valuations had been pressured by worries of more equity supply. The securities regulator approved six initial public offerings (IPOs) last Friday, which was the fourth straight week that

the pace had slowed from an average of around 10 IPOs in the past months. Chinese investors are also awaiting a decision by US index provider MSCI, which will decide today whether to include A shares in its Emerging Market Index. The stock regulator said it would be happy for MSCI index inclusion, but Chinese capital market reform will not be derailed without the inclusion. “The inclusion could bring about 60.7 billion yuan into the [A-share] market, but the impact would be limited if the inclusion does not happen,” Haitong Securities wrote. Most sectors gained ground, led by fi nancial and consumer stocks. Real estate stocks gained 0.7%, after data showed China’s month-on-month home price growth remained robust in May, rising 0.7% nationwide despite a string of cooling measures across the country. Still, monthly price rises largely stalled in the country’s biggest cities such as Beijing and Shanghai. Hong Kong stocks had their best day in nearly six weeks yesterday, led by IT and fi nancial shares, as investors welcomed a plan for a new board to attract “new economy” listings — which would benefi t investment banks and put vigour in the tech sector. The Hang Seng Index rose 1.16% to 25,924.55 points, while the China Enterprises Index gained 1.31% to 10,520.8. The Hong Kong stock exchange unveiled a long-awaited proposal for a new stock listing

board last Friday that will offer special voting rights and waive profi tability requirements, in a drive to attract fi rms that typically choose New York over the Hong Kong bourse. The proposal for a third board for “new economy” companies would let Hong Kong Exchanges and Clearing make a play for secondary listings from Chinese fi rms such as Alibaba Group and Baidu Inc. They were drawn to New York due to less stringent rules on profi tability and share structures. Technology stocks rose sharply yesterday, with an index tracking the sector up roughly 2%. Chinese tech heavyweight Tencent gained 2.3%.

Japan — Nikkei hits two-week high as weak yen supports; Nomura Real Estate dives

TOKYO: Japanese stocks hit two-week highs yesterday, as the US dollar’s steady performance against the yen fuelled buying of futures, while Nomura Real Estate dived after saying Japan Post was no longer considering buying a stake in the property company. The Nikkei Share Average gained 0.62% or 124.49 points to 20,067.75, its highest close since June 5. The broader Topix rose 0.6% to 1,606.07, but only 1.48 billion shares changed hands, the lowest volume since May 30. Turnover was also the lowest since then. “Investors were buying futures last Friday

... it’s more like last Friday’s trading was futures-led than trade-led by individual stocks,” said Yutaka Miura, a senior technical analyst at Mizuho Securities. The US dollar was up 0.2% to comfortably stay above ¥111 during most of the session, which lifted US futures, underpinning risk appetites in Asian trade. Investors also believed Wall Street would fare better yesterday than last Friday, when it was subdued, Mizuho’s Miura said. The Nikkei remained above the psychologically important 20,000-line as the market digested the Bank of Japan’s (BoJ) decision to keep policy unchanged last Friday. After the US Federal Reserve’s rate hike and the BoJ’s meeting, traders see no major catalysts last week but will stay focused on coming US economic indicators. “We expect that the 20,000 level will become the Nikkei’s support level soon, and it will likely depend on whether the long-term US yields will rise or not,” said Takuya Takahashi, a strategist at Daiwa Securities. Yesterday’s notable gainers included domestic-demand sensitive stocks. Construction companies Taisei Corp rose 2.4% and Kajima Corp soared 2.5%. Nomura Real Estate Holdings sank 14% after it confi rmed weekend media reports that Japan Post Holdings would likely scrap talks to buy a stake in Nomura as the two companies had struggled to agree on terms. The potential deal, fi rst reported in mid-May, had pushed Nomura shares up by 20%. — Reuters

Shanghai CompositeIndex points

3,087.842

Mar 1, 2010 Jun 19, 2017

1900

2875

3850

4825

58003,144.37

+21.21(+0.68%)

Hang SengIndex points

21,056.93

Mar 1, 2010 Jun 19, 2017

25,924.55+298.06

(+1.16%)15800

19075

22350

25625

28900

Nikkei 225Index points

10,172.06

Mar 1, 2010 Jun 19, 2017

8100

11275

14450

17625

20800

20,067.75+124.49

(+0.62%)

ASX 200Index points

4,686.53

Mar 1, 2010 Jun 19, 2017

5,805.174+31.140

(+0.54%)

3450

4300

5150

6000

Bursa Malaysia Equity Derivatives

0.400 0.200 0.230 0.225 9997WB PENSONI-WB 0.230 Unch 140.1 0.635 0.600 30.71 20/01/2024 0.485 0.125 0.405 0.400 8311WC PESONA-WC 0.405 -0.005 342.4 0.645 0.250 1.55 27/01/2020 0.180 0.055 0.075 0.070 5681CR PETDAG-CR 0.070 -0.005 60 24.28 23.40 -0.16 30/06/2017 0.150 0.040 0.070 0.060 6033CO PETGAS-CO 0.070 0.010 581.2 18.88 19.80 8.21 29/12/2017 0.740 0.100 0.555 0.540 3042CB PETRONM-CB 0.540 -0.040 147.3 7.700 4.500 0.52 31/07/2017 0.315 0.085 0.195 0.175 3042CC PETRONM-CC 0.195 0.015 203.6 7.700 6.500 14.81 29/09/2017 1.050 0.615 0.935 0.905 7088WB POHUAT-WB 0.915 -0.020 802 1.910 1.000 0.26 21/10/2020 0.435 0.170 0.315 0.305 4634C6 POS-C6 0.305 -0.010 53.5 5.180 4.000 0.77 18/08/2017 0.285 0.130 0.170 0.165 4634C8 POS-C8 0.165 -0.005 34.6 5.180 5.100 11.20 31/10/2017 0.370 0.140 0.245 0.245 4634C9 POS-C9 0.245 Unch 93.3 5.180 4.900 15.88 16/10/2017 0.140 0.140 0.140 0.140 463401 POS-MC01 0.140 Unch 50 5.180 5.300 18.53 14/12/2017 0.710 0.188 0.645 0.600 7168WA PRG-WA 0.625 -0.015 394.1 0.960 0.375 4.17 06/07/2019 0.710 0.405 0.590 0.575 8966WA PRLEXUS-WA 0.575 -0.015 58.1 1.540 1.200 15.26 14/06/2021 0.145 0.040 0.115 0.105 7145WA PSIPTEK-WA 0.115 0.005 908 0.175 0.100 22.86 16/11/2019 0.140 0.020 0.080 0.080 0007WA PUC-WA 0.080 -0.005 370 0.140 0.100 28.57 25/12/2024 0.145 0.015 0.080 0.075 0007WB PUC-WB 0.075 Unch 1427.9 0.140 0.100 25.00 15/02/2019 0.750 0.215 0.660 0.630 7134WA PWF-WA 0.660 -0.020 130 1.060 0.620 20.75 20/07/2021 0.110 0.065 0.070 0.070 7498WB RALCO-WB 0.070 -0.010 50 0.570 1.000 87.72 13/12/2019 0.170 0.020 0.115 0.110 5256WA REACH-WA 0.110 -0.010 11457.3 0.500 0.750 72.00 12/08/2022 0.110 0.075 0.075 0.075 1066C2 RHBBANK-C2 0.075 Unch 140 5.070 5.600 14.89 28/02/2018 0.155 0.070 0.080 0.070 1066CY RHBBANK-CY 0.080 Unch 62.8 5.070 5.250 11.44 28/11/2017 0.090 0.060 0.070 0.070 5270WA RSENA-WA 0.070 0.005 270 0.450 0.500 26.67 01/12/2023 0.040 0.015 0.020 0.020 0133WC SANICHI-WC 0.020 Unch 175.1 0.065 0.210 253.85 24/09/2019 0.050 0.020 0.030 0.030 0133WD SANICHI-WD 0.030 Unch 477.5 0.065 0.100 100.00 21/07/2019 0.025 0.005 0.015 0.015 0109WB SCBUILD-WB 0.015 Unch 400 0.035 0.050 85.71 06/11/2019 0.185 0.055 0.125 0.125 0161WA SCH-WA 0.125 -0.005 168.1 0.215 0.100 4.65 04/12/2021 0.190 0.055 0.135 0.130 0028WA SCOPE-WA 0.130 -0.005 16 0.230 0.150 21.74 17/07/2020 0.785 0.160 0.580 0.540 7073WB SEACERA-WB 0.545 -0.035 994.5 1.270 1.000 21.65 29/05/2019 0.245 0.060 0.065 0.065 521834 SENERGYC34 0.065 0.005 80 1.850 1.800 4.32 13/07/2017 0.270 0.140 0.165 0.155 521838 SENERGYC38 0.160 -0.005 128.2 1.850 1.650 6.49 30/11/2017 0.145 0.060 0.065 0.065 521841 SENERGYC41 0.065 Unch 30 1.850 2.050 19.59 29/09/2017 0.215 0.070 0.130 0.125 0055WA SERSOL-WA 0.130 Unch 11 0.175 0.180 77.14 18/04/2023 0.205 0.055 0.160 0.160 7165WA SGB-WA 0.160 -0.010 148 0.680 0.600 11.76 07/04/2021 0.350 0.210 0.260 0.250 7246WA SIGN-WA 0.260 Unch 33.5 0.925 0.970 32.97 21/04/2021 0.160 0.140 0.140 0.140 7155CE SKPRES-CE 0.140 Unch 30 1.300 1.200 8.46 25/01/2018 0.245 0.120 0.215 0.190 9776WB SMCAP-WB 0.190 -0.025 250 0.770 1.000 54.55 13/07/2018 0.115 0.015 0.035 0.035 0117WA SMRT-WA 0.035 -0.005 1013 0.215 0.180 0.00 01/08/2017 0.845 0.650 0.780 0.750 5242WA SOLID-WA 0.780 Unch 25.1 1.280 0.500 0.00 16/12/2020 0.285 0.100 0.215 0.210 0093WA SOLUTN-WA 0.215 -0.005 80 0.305 0.200 36.07 04/07/2021 0.210 0.115 0.125 0.125 8664CV SPSETIA-CV 0.125 Unch 100 3.570 3.400 9.24 31/10/2017 0.400 0.135 0.265 0.210 8664CW SPSETIA-CW 0.225 -0.040 221.5 3.570 3.400 4.69 29/12/2017 0.065 0.025 0.035 0.030 1201WA SUMATEC-WA 0.030 -0.005 266 0.055 0.320 536.3 03/03/2021 0.060 0.020 0.025 0.020 1201WB SUMATEC-WB 0.020 -0.005 801.6 0.055 0.175 254.5 13/11/2018 0.115 0.105 0.110 0.105 5263CK SUNCON-CK 0.110 Unch 400 2.000 2.200 21.00 08/01/2018 0.325 0.100 0.245 0.245 0148WA SUNZEN-WA 0.245 Unch 12 0.350 0.100 -1.43 14/04/2019 0.235 0.060 0.170 0.155 0148WB SUNZEN-WB 0.160 -0.005 1665.4 0.350 0.250 17.14 25/02/2021 0.135 0.005 0.005 0.005 710621 SUPERMX-C21 0.005 Unch 800 1.990 2.300 16.08 13/07/2017 0.080 0.035 0.045 0.045 710626 SUPERMX-C26 0.045 Unch 465.9 1.990 2.200 17.34 31/10/2017 0.155 0.060 0.095 0.090 710627 SUPERMX-C27 0.095 0.005 472.9 1.990 2.000 10.05 31/01/2018 0.220 0.155 0.180 0.170 7082WB SYF-WB 0.180 0.005 1583.4 0.545 0.700 61.47 11/11/2019 0.365 0.125 0.305 0.290 1538WB SYMLIFE-WB 0.295 Unch 131.5 1.010 1.100 38.12 11/11/2020 0.060 0.035 0.035 0.035 5012CJ TAANN-CJ 0.035 Unch 100 3.440 4.000 21.37 30/11/2017 0.070 0.030 0.045 0.045 6139CB TAKAFUL-CB 0.045 0.005 10 4.200 4.250 6.55 22/08/2017 0.205 0.060 0.060 0.060 8524CA TALIWRK-CA 0.060 -0.005 100 1.500 1.600 12.67 29/09/2017


YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE 0.330 0.170 0.230 0.220 8524WB TALIWRK-WB 0.220 Unch 38.3 1.500 1.700 28.00 11/11/2018 0.130 0.055 0.100 0.095 0132WA TDEX-WA 0.100 Unch 1817.2 0.165 0.110 27.27 21/09/2018 1.160 0.340 0.360 0.340 7200WA TEKSENG-WA 0.360 0.015 103.1 0.545 0.250 11.93 29/01/2020 0.195 0.085 0.180 0.155 534735 TENAGA-C35 0.165 -0.005 582.6 14.380 13.800 2.85 30/11/2017 0.130 0.090 0.120 0.115 534736 TENAGA-C36 0.115 -0.005 200 14.380 13.000 2.40 30/11/2017 0.140 0.090 0.130 0.130 534738 TENAGA-C38 0.130 Unch 20 14.380 14.000 5.49 30/11/2017 3.560 2.420 2.650 2.640 7034WA TGUAN-WA 2.650 -0.010 38.2 4.190 1.500 -0.95 09/10/2019 0.105 0.055 0.085 0.075 7889WB THRIVEN-WB 0.085 0.005 111.5 0.235 0.640 208.51 05/10/2020 0.025 0.005 0.015 0.015 7079WB TIGER-WB 0.015 Unch 325 0.065 0.170 184.62 23/12/2018 0.040 0.010 0.030 0.025 7079WC TIGER-WC 0.030 0.005 90.3 0.065 0.080 69.23 11/02/2021 0.090 0.020 0.035 0.030 486314 TM-C14 0.035 0.005 672.1 6.620 6.700 2.53 29/09/2017 0.080 0.030 0.030 0.030 0101CC TMCLIFE-CC 0.030 Unch 100 0.865 1.000 22.54 31/10/2017 0.315 0.180 0.190 0.185 0101WB TMCLIFE-WB 0.185 -0.005 1021.7 0.865 0.750 8.09 21/06/2019 0.810 0.430 0.775 0.755 8397WC TNLOGIS-WC 0.755 -0.015 391.3 1.750 1.000 0.29 26/12/2018 0.450 0.109 0.420 0.410 7285WA TOMYPAK-WA 0.410 -0.005 802.2 0.985 0.930 36.04 21/06/2021 0.220 0.060 0.130 0.125 711310 TOPGLOV-C10 0.125 -0.005 114.3 5.490 5.000 1.32 13/07/2017 0.185 0.050 0.135 0.120 711316 TOPGLOV-C16 0.125 Unch 563.6 5.490 5.400 7.47 30/08/2017 0.200 0.035 0.140 0.125 711317 TOPGLOV-C17 0.130 Unch 2017.3 5.490 5.200 5.37 29/12/2017 0.365 0.225 0.240 0.240 7176WA TPC-WA 0.240 Unch 15 0.440 0.200 0.00 19/01/2021 0.360 0.230 0.260 0.260 5401WA TROP-WA 0.260 Unch 24 0.955 1.000 31.94 06/12/2019 0.425 0.110 0.330 0.325 5042WB TSRCAP-WB 0.325 -0.015 84.4 0.730 0.700 40.41 28/12/2020 0.065 0.005 0.005 0.005 5230CK TUNEPRO-CK 0.005 Unch 20.5 1.290 1.880 46.51 28/09/2017 0.110 0.025 0.025 0.025 5230CL TUNEPRO-CL 0.025 Unch 187 1.290 1.400 13.37 31/07/2017 0.165 0.045 0.060 0.045 514831 UEMS-C31 0.050 Unch 1511.5 1.240 1.150 -1.21 30/06/2017 0.105 0.040 0.040 0.040 514837 UEMS-C37 0.040 Unch 900 1.240 1.200 3.23 13/07/2017 0.150 0.075 0.095 0.095 514841 UEMS-C41 0.095 Unch 31.3 1.240 1.140 7.26 31/10/2017 0.085 0.030 0.035 0.030 514842 UEMS-C42 0.035 0.005 13220 1.240 1.400 18.55 29/09/2017 0.100 0.050 0.060 0.055 514845 UEMS-C45 0.055 -0.005 160 1.240 1.200 8.75 31/10/2017 0.070 0.055 0.060 0.055 524318 UMWOG-C18 0.060 0.005 638.5 0.500 0.600 38.00 29/12/2017 0.195 0.070 0.125 0.125 7091WA UNIMECH-WA 0.125 -0.005 14.1 1.140 1.500 42.54 18/09/2018 0.195 0.085 0.170 0.170 5005CU UNISEM-CU 0.170 Unch 20 3.450 2.700 2.90 16/10/2017 0.164 0.025 0.040 0.035 0069WB VIVOCOM-WB 0.035 -0.005 2765.1 0.120 0.200 95.83 07/09/2018 0.180 0.050 0.065 0.060 0069WC VIVOCOM-WC 0.065 Unch 3331.8 0.120 0.100 37.50 22/01/2020 0.175 0.055 0.065 0.060 0069WD VIVOCOM-WD 0.065 Unch 1423 0.120 0.100 37.50 08/07/2020 0.055 0.020 0.025 0.025 7070WB VIZIONE-WB 0.025 -0.005 55 0.120 0.160 54.17 20/06/2018 0.095 0.030 0.070 0.060 7070WC VIZIONE-WC 0.065 -0.005 2497 0.120 0.100 37.50 05/02/2022 0.595 0.200 0.480 0.470 7240WA VOIR-WA 0.470 -0.050 20.6 0.850 0.500 14.12 31/03/2024 0.240 0.065 0.220 0.220 6963CJ VS-CJ 0.220 Unch 65 2.020 1.380 0.99 28/07/2017 0.210 0.155 0.195 0.195 6963CM VS-CM 0.195 -0.010 30 2.020 1.800 8.42 30/11/2017 0.175 0.115 0.150 0.140 6963CN VS-CN 0.140 -0.005 272.3 2.020 2.000 12.87 08/12/2017 0.125 0.095 0.115 0.110 6963CO VS-CO 0.110 Unch 150 2.020 2.200 22.52 30/11/2017 0.060 0.010 0.015 0.015 0066WA VSOLAR-WA 0.015 Unch 200 0.100 0.120 35.00 01/12/2017 0.690 0.195 0.660 0.625 6963WA VS-WA 0.630 -0.025 5797.9 2.020 1.650 12.87 06/01/2019 0.135 0.050 0.065 0.065 3565CA WCEHB-CA 0.065 -0.005 200 1.420 1.650 25.35 30/11/2017 0.215 0.085 0.085 0.085 9679C1 WCT-C1 0.085 -0.010 100 2.060 2.250 18.30 30/11/2017 0.340 0.060 0.155 0.145 9679CZ WCT-CZ 0.155 -0.025 45.4 2.060 2.000 8.37 31/10/2017 0.665 0.160 0.410 0.375 9679WD WCT-WD 0.390 -0.015 1762 2.060 1.710 1.94 11/12/2017 0.570 0.165 0.390 0.360 9679WE WCT-WE 0.365 -0.010 5748.8 2.060 2.080 18.69 27/08/2020 0.930 0.490 0.800 0.785 7245WA WZSATU-WA 0.795 0.050 210.4 1.200 0.500 7.92 28/10/2024 0.220 0.020 0.165 0.160 5156WC XDL-WC 0.165 -0.005 321.1 0.250 0.160 30.00 02/07/2018 0.015 0.005 0.005 0.005 0095WA XINGHE-WA 0.005 -0.005 2500 0.035 0.100 200.00 22/03/2019 0.110 0.035 0.065 0.060 0165WA XOX-WA 0.065 -0.005 904 0.110 0.200 140.91 10/02/2019 0.105 0.060 0.080 0.080 7293CL YINSON-CL 0.080 Unch 85 3.400 3.300 6.47 22/08/2017 0.185 0.050 0.080 0.075 7020WB YKGI-WB 0.075 -0.005 204.6 0.235 0.500 144.6 28/05/2020 1.100 0.540 0.955 0.930 7066WA YONGTAI-WA 0.950 -0.015 160.2 1.400 0.500 3.57 24/06/2020 0.100 0.050 0.060 0.055 4677C8 YTL-C8 0.055 -0.010 162.6 1.500 1.500 3.67 29/12/2017 0.115 0.080 0.085 0.080 6742C1 YTLPOWR-C1 0.080 Unch 285 1.450 1.400 2.07 28/02/2018 0.450 0.300 0.365 0.365 6742WB YTLPOWR-WB 0.365 -0.005 96.6 1.450 1.140 3.79 11/06/2018 0.125 0.040 0.055 0.050 2283WA ZELAN-WA 0.055 -0.005 132 0.140 0.250 117.86 25/01/2019

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


Local events 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

AXIATA GROUP 3,363,212 EMPLOYEES PROVIDENT FUND BOARD 1,393,822,207 9 & 13/6BATU KAWAN 4,950,000 HIGH QUEST HOLDINGS S/B 212,391,480 15/6BIOALPHA HOLDINGS 1,233,700 HON TIAN KOK @ WILLIAM 130,338,609 15/6CAPITALAND (M) MALL TRUST (500,000) EMPLOYEES PROVIDENT FUND BOARD 181,909,700 13/6CAREPLUS GROUP (500,000) CHAN PEK HARN @ CHAN WAI HAR 92,423,350 13/6DIALOG GROUP 4,156,300 EMPLOYEES PROVIDENT FUND BOARD 636,501,850 13/6DIALOG GROUP (576,600) KUMPULAN WANG PERSARAAN 361,349,640 13/6 (DIPERBADANKAN)DIGI.COM 1,904,900 EMPLOYEES PROVIDENT FUND BOARD 1,027,606,532 9 & 13/6DIVERSIFIED GATEWAY SOLUTIONS (4,000,000) OMESTI HOLDINGS 731,147,001 14 & 15/6GLOBETRONICS TECHNOLOGY 1,552,400 EMPLOYEES PROVIDENT FUND BOARD 33,155,000 13/6INVESTMENT TRUST (DIPERBADANKAN)IGB REAL ESTATE 2,000,000 EMPLOYEES PROVIDENT FUND BOARD 236,613,713 13/6INVESTMENT TRUSTIHH HEALTHCARE 5,850,600 EMPLOYEES PROVIDENT FUND BOARD 785,380,110 9 & 13/6IJM CORPORATION (297,500) AMANAHRAYA TRUSTEES 223,458,800 14/6 - SKIM AMANAH SAHAM BUMIPUTERAINARI AMERTRON 1,453,300 KUMPULAN WANG PERSARAAN 159,180,250 13/6 (DIPERBADANKAN)IOI CORPORATION (3,888,800) EMPLOYEES PROVIDENT FUND BOARD 594,644,073 13/6IOI PROPERTIES GROUP 978,900 VERTICAL CAPACITY 2,847,954,541 13/6KOSSAN RUBBER INDUSTRIES (490,300) EMPLOYEES PROVIDENT FUND BOARD 75,721,600 13/6KUALA LUMPUR KEPONG (1,167,600) EMPLOYEES PROVIDENT FUND BOARD 169,930,888 9 & 13/6MAH SING GROUP (472,600) EMPLOYEES PROVIDENT FUND BOARD 214,758,861 14/6MALAYAN BANKING (591,400) EMPLOYEES PROVIDENT FUND BOARD 1,260,738,692 13/6MALAYSIA AIRPORTS HOLDINGS 1,924,400 EMPLOYEES PROVIDENT FUND BOARD 156,435,992 13/6MAXIS 225,900 EMPLOYEES PROVIDENT FUND BOARD 739,562,021 9/6MEDIA PRIMA 923,800 MORGAN STANLEY & CO. LLC. US 66,134,600 14/6MEDIA PRIMA 308,300 EMPLOYEES PROVIDENT FUND BOARD 145,546,338 13/6MEXTER TECHNOLOGY 2,000,000 KOO WENG SENG 18,507,000 14/6MISC 822,000 EMPLOYEES PROVIDENT FUND BOARD 283,773,772 31/5 - 2/6MITRAJAYA HOLDINGS (500,000) EMPLOYEES PROVIDENT FUND BOARD 36,303,500 13/6NEXGRAM HOLDINGS (23,818,900) NOBLE WESTLINK 16/6ONLY WORLD GROUP HOLDINGS 2,558,000 RICH DAD CAFÉ 130,836,637 14 & 15/6ORIENTAL HOLDINGS 500,000 EMPLOYEES PROVIDENT FUND BOARD 52,730,316 9/6PAVILION REAL ESTATE (1,300,000) EMPLOYEES PROVIDENT FUND BOARD 159,549,303 9 & 13/6INVESTMENT TRUST PETRONAS GAS (397,272) EMPLOYEES PROVIDENT FUND BOARD 206,846,300 7 & 13/6PPB GROUP 904,200 EMPLOYEES PROVIDENT FUND BOARD 106,861,225 13/6PROTASCO 1,500,000 EMPLOYEES PROVIDENT FUND BOARD 27,479,300 13/6PUBLIC BANK (1,084,500) EMPLOYEES PROVIDENT FUND BOARD 501,861,200 13/6S P SETIA (1,336,500) KUMPULAN WANG PERSARAAN 247,686,293 13/6 (DIPERBADANKAN)S P SETIA 973,136 EMPLOYEES PROVIDENT FUND BOARD 184,204,558 13/6SAPURA ENERGY 1,850,000 AMANAHRAYA TRUSTEES 399,903,400 14/6 - SKIM AMANAH SAHAM BUMIPUTERASAPURA ENERGY (254,500) KUMPULAN WANG PERSARAAN 345,535,724 13/6 (DIPERBADANKAN) SAPURA ENERGY (1,745,500) EMPLOYEES PROVIDENT FUND BOARD 645,029,144 13/6SIME DARBY (1,558,900) EMPLOYEES PROVIDENT FUND BOARD 654,165,631 13/6SIME DARBY 1,976,100 KUMPULAN WANG PERSARAAN 361,111,373 13/6 (DIPERBADANKAN)SPRING GALLERY 7,500,000 TECHASIA BOUTIQUE 7,500,000 13/6SPRING GALLERY 8,162,200 FRESH GEAR 8,162,200 13/6SUNWAY 571,902 EMPLOYEES PROVIDENT FUND BOARD 115,942,291 8 & 13/6SUNWAY REAL ESTATE 3,782,800 EMPLOYEES PROVIDENT FUND BOARD 383,308,300 8, 9 & 13/6INVESTMENT TRUST SYARIKAT TAKAFUL MALAYSIA 565,300 EMPLOYEES PROVIDENT FUND BOARD 100,440,300 8 & 9/6TELEKOM MALAYSIA (1,532,800) AMANAHRAYA TRUSTEES 451,738,200 14/6 - SKIM AMANAH SAHAM BUMIPUTERATELEKOM MALAYSIA 2,997,000 EMPLOYEES PROVIDENT FUND BOARD 630,683,974 13/6TIGER SYNERGY 280,000 DATO’ TAN WEI LIAN 344,046,400 13/6TIME DOTCOM 614,600 KUMPULAN WANG PERSARAAN 55,871,148 13/6 (DIPERBADANKAN)UMW HOLDINGS 1,000,000 KUMPULAN WANG PERSARAAN 89,550,500 13/6 (DIPERBADANKAN) UMW HOLDINGS (1,378,300) EMPLOYEES PROVIDENT FUND BOARD 144,993,760 13/6WCT HOLDINGS 1,000,000 EMPLOYEES PROVIDENT FUND BOARD 107,669,155 13/6YONG TAI (60,000,000) IMPRESSION CULTURE ASIA LTD., HK 140,000,000 13 & 14/6

COMPANY SHARES ACQUIRED DIRECTOR/SUBSTANTIAL SHARES HELD TRANSACTION (DISPOSED) SHAREHOLDER AFTER CHANGE DATE

Insider moves (Filings on Jun 16, 2017)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.

• Bukit Bintang City Centre (BBCC) — UDA Holdings Bhd, Eco World Development Group Bhd and the Employees Provident Fund are proud to announce the commencement of work for BBCC and the Mitsui Shopping Park LaLaport Kuala Lumpur at BBCC, Jalan Hang Tuah, Kuala Lumpur at 9am.

• Signing ceremony between PRG Holdings

Bhd and Sunsuria Bhd at Sunsuria City, Sales Gallery, Persiaran Sunsuria, Bandar Sunsuria, Sepang, Selangor at 10am.

• Offi cial fi rst launch of the Mobile 40ft LED truck for Motonation 2017 roadshows at Mines 2, Pusat Perdagangan Mines, Jalan Mines 2, E18, Mines Wellness City, Seri Kembangan, Selangor at 5pm.

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 $ 0.648 0.726 0.705 0.567 0.961 1.004 1.004 0.954 3.1061 4.947 58.587 4.823 2.666 9,646 46.762 80.611 6.129 36.320 2.664 2.722 6.317 24.637 5.662

EURO 1.542 1.119 1.087 0.875 1.482 1.548 1.548 1.471 4.7903 7.629 90.354 7.438 4.112 14,877 72.118 124.320 9.452 56.014 4.108 4.198 9.742 37.996 8.731

US $ 1.378 0.893 0.971 0.782 1.324 1.383 1.383 1.314 4.2790 6.815 80.710 6.644 3.673 13,289 64.420 111.051 8.443 50.035 3.669 3.750 8.702 33.940 7.799

SWISS FR 1.419 0.920 1.030 0.805 1.364 1.424 1.425 1.353 4.4073 7.019 83.130 6.843 3.783 13,687 66.352 114.380 8.696 51.535 3.780 3.863 8.963 34.958 8.033

STERLING £ 1.762 1.143 1.279 1.242 1.694 1.769 1.769 1.681 5.4737 8.718 103.244 8.499 4.698 16,999 82.407 142.056 10.801 64.005 4.694 4.797 11.132 43.416 9.977

CANADA $ 1.041 0.675 0.755 0.733 0.590 1.045 1.045 0.993 3.2321 5.148 60.964 5.018 2.774 10,038 48.659 83.881 6.377 37.793 2.772 2.833 6.573 25.636 5.891

BRUNEI $ 0.996 0.646 0.723 0.702 0.565 0.957 1.000 0.950 3.0942 4.928 58.362 4.804 2.656 9,609 46.583 80.302 6.105 36.181 2.653 2.712 6.293 24.543 5.640

SINGAPORE $ 0.996 0.646 0.723 0.702 0.565 0.957 1.000 0.950 3.0936 4.927 58.351 4.803 2.655 9,607 46.574 80.287 6.104 36.174 2.653 2.711 6.292 24.538 5.639

AUSTRALIA $ 1.048 0.680 0.761 0.739 0.595 1.007 1.052 1.053 3.2563 5.186 61.420 5.056 2.795 10,113 49.024 84.509 6.425 38.076 2.792 2.854 6.623 25.828 5.935

MALAYSIA RM 0.322 0.209 0.234 0.227 0.183 0.309 0.323 0.323 0.307 1.0000 1.593 18.862 1.553 0.858 3,106 15.055 25.952 1.973 11.693 0.858 0.876 2.034 7.932 1.823

100 CHINESE RMB 20.214 13.107 14.673 14.246 11.471 19.426 20.292 20.296 19.282 62.7870 1,184 97.486 53.891 194,991 945.260 1,629 123.889 734.179 53.844 55.028 127.694 498.013 114.443

100 BANGLAD’H TAKA 1.707 1.107 1.239 1.203 0.969 1.640 1.713 1.714 1.628 5.3017 8.444 8.232 4.550 16,465 79.817 137.592 10.461 61.994 4.547 4.647 10.782 42.052 9.664

100 DANISH KRONER 20.735 13.445 15.052 14.613 11.766 19.927 20.815 20.819 19.779 64.4060 102.58 1,215 55.280 200,019 969.63 1,671 127.08 753.11 55.23 56.45 130.99 510.85 117.39

100 UAE DIRHAM 37.510 24.322 27.228 26.435 21.285 36.047 37.654 37.661 35.779 116.5083 185.56 2,198 180.90 361,827 1,754 3,024 229.89 1,362 99.91 102.11 236.95 924.12 212.36

1000 INA RUPIAH 0.104 0.067 0.075 0.073 0.059 0.100 0.104 0.104 0.099 0.3220 0.513 6.074 0.500 0.276 4.848 8.357 0.635 3.765 0.276 0.282 0.655 2.554 0.587

100 INDIA RUPEE 2.138 1.387 1.552 1.507 1.213 2.055 2.147 2.147 2.040 6.6423 10.579 125.286 10.313 5.701 20,628 172.384 13.106 77.670 5.696 5.821 13.509 52.685 12.107

100 JAPAN YEN 1.241 0.804 0.900 0.874 0.704 1.192 1.245 1.246 1.183 3.8532 6.137 72.679 5.983 3.307 11,966 58.010 7.603 45.056 3.304 3.377 7.836 30.563 7.023

100 NORWEGIAN KRONER 16.316 10.580 11.844 11.499 9.259 15.680 16.379 16.382 15.564 50.6800 80.717 956 78.688 43.499 157,391 762.989 1,315 592.610 43.461 44.417 103.071 401.983 92.376

100 PHILIPPINE PESO 2.753 1.785 1.999 1.940 1.562 2.646 2.764 2.764 2.626 8.5520 13.621 161.307 13.278 7.340 26,559 128.751 221.945 16.875 7.334 7.495 17.393 67.833 15.588

100 QATAR RIYAL 37.542 24.343 27.252 26.458 21.304 36.079 37.687 37.694 35.811 116.6099 185.723 2,199 181.054 100.087 362,143 1,756 3,026 230.091 1,364 102.199 237.157 924.925 212.547

100 SAUDI RIYAL 36.734 23.819 26.665 25.889 20.845 35.302 36.876 36.883 35.040 114.1006 181.726 2,152 177.158 97.933 354,350 1,718 2,961 225.139 1,334 97.848 232.053 905.022 207.974

100 SWEDISH KRONOR 15.830 10.264 11.491 11.156 8.983 15.213 15.891 15.894 15.100 49.1700 78.312 927.440 76.344 42.203 152,702 740.256 1,276 97.021 574.953 42.166 43.094 390.006 89.623

100 THAI BAHT 4.059 2.632 2.946 2.861 2.303 3.901 4.075 4.075 3.872 12.6075 20.080 237.801 19.575 10.821 39,154 189.806 327.196 24.877 147.422 10.812 11.049 25.641 22.980

100 HK$ 17.663 11.453 12.821 12.448 10.023 16.974 17.731 17.734 16.848 54.8630 87.380 1,034.820 85.183 47.089 170,382 825.964 1,424 108.254 641.522 47.048 48.083 111.578 435.162

STOCK HIGH LOW CLOSE VOLUME (RM) (RM) (RM) ('000)

UMWOG 0.510 0.495 0.500 1564.2FBMKLCI-H4B 0.405 0.385 0.405 2660AFG-CS 0.075 0.075 0.075 60HSI-H99 0.205 0.180 0.185 1904.5UEMS-C37 0.040 0.040 0.040 900HOMERIZ-WA 0.280 0.270 0.275 129.5ANNJOO-CD 0.170 0.150 0.155 3488.4HSI-H2E 0.320 0.310 0.310 210FBMKLCI-H2W 0.020 0.015 0.020 112EKOVEST-CA 0.065 0.055 0.055 1365UMWOG-C18 0.060 0.055 0.060 638.5BAUTO-MC01 0.115 0.110 0.110 400TUNEPRO-CK 0.005 0.005 0.005 20.5GBH 1.340 1.330 1.340 19HUMEIND 2.440 2.350 2.370 70.8MEDAINC 0.435 0.420 0.425 694.9KAREX-C1 0.090 0.085 0.090 4223.4

This table shows stocks that are trading near their year low. This could suggest a build-up in selling momentum, or the possibility that bargain hunting could set in later.

STOCK HIGH LOW CLOSE VOLUME (RM) (RM) (RM) ('000)

ALCOM 2.080 1.910 1.960 2546.3YSPSAH 3.000 2.950 2.990 595.2KYM 0.760 0.650 0.655 5138.5LBALUM 0.920 0.880 0.890 12108.8ANCOM 0.970 0.860 0.950 20463.4WANGZNG 1.700 1.550 1.610 1734.9SENDAI 1.270 1.180 1.270 7985.8DENKO 1.510 1.320 1.350 1063.7PMBTECH 1.990 1.950 1.970 39.3HIAPTEK-LA 0.350 0.340 0.340 1717.8SAB 5.180 4.900 4.980 438.6NYLEX 1.180 1.130 1.140 3525ASTRO-C3 0.090 0.080 0.090 152ECON 2.540 2.470 2.490 3552.5KPOWER 0.800 0.700 0.760 1071.1AJI 22.260 21.800 22.260 59.8FGV-C29 0.130 0.110 0.120 3033

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

Annual global coal output against China

Oil majors gearing (net debt/ capitalisation)

Th e world’s top oil companies are set to see gearing decrease in the coming years.

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


Index futures

FUTURES FAIR VALUECONTRACT DAYS TO EXPIRY KLIBOR DIVIDEND FAIR VALUE

FUTURES ROLL OVER BID OFFER CLOSE

JUN/JUL 3.5 2.5 3.0

INDEX AND FUTURES OPEN CHANGE INCONTRACT LAST CHANGE VOLUME INTEREST OPEN INTEREST

Money market

Commodities

JUL/AUG 108JUL/SEP 155JUL/OCT 171AUG/SEP 47

CPO FUTURES INDICATIVE ROLL-OVER

CPO/SOYOIL FUTURES BASIS (USD)CURRENT -74.293 MONTHS AVERAGE -96.516 MONTHS AVERAGE -90.50

OPEN CHANGE INCONTRACT LAST CHANGE VOLUME INTEREST OPEN INTEREST

JUL-17 2,639 -17 1,570 11,144 -876AUG-17 2,531 -5 7,445 37,503 -2,720SEP-17 2,484 UNCH 19,811 68,020 964OCT-17 2,468 3 8,504 30,274 -653NOV-17 2,471 3 4,033 35,642 297

Palm hits 2-week high despite slowing exports forecast

CPO prices react to various factors including soyoil prices, weather conditions and stockpiles. Open interest shows either increasing or decreasing market participation.

Oil prices pause after sharp falls

METAL & PRECIOUS METALSTIN US$/TON KLTM 19,650 150COPPER USC/IBS CMX 2.5975 0.0260GOLD US$/TROY OZ CMX 1,250.30 -4.80PLATINUM US$/TROY OZ NYMEX 925.40 -2.60PALLADIUM US$/TROY OZ NYMEX 863.50 -2.15SILVER USC/TROY OZ CMX 16.62 -0.04ALUMINIUM RMB/TON SHF 13,875 220ZINC RMB/TON SHF 21,010 20

ENERGYLIGHT CRUDE OIL US$/BBL NYMEX 44.93 0.19HEATING OIL USC/GAL NYMEX 1.4402 0.0062NATURAL GAS US$/MMBTU NYMEX 2.924 -0.136BRENT CRUDE US$/BBL ICE 47.61 0.24GAS OIL US$/TON ICE 426.00 3.00

CRUDE PALM OIL RM/TON MDEX 2,484 UNCHRUBBER SEN/KG MRB 596.50 -17.50CORN USC/BSH CBOT 379.00 -5.00SOYBEANS USC/BSH CBOT 942.50 3.50WHEAT USC/BSH CBOT 468.75 3.50LIVE CATTLE USC/IBS CME 118.18 0.68COCOA US$/TON NYBOT 1,987 -41COFFEE USC/IBS NYBOT 126.00 0.05SUGAR USC/IBS NYBOT 13.66 0.03COTTON USC/IBS NYC 69.51 0.15

AGRICULTURE UNIT EXCHANGE LAST PRICE CHANGE

Rubber - M’sia SMR 20

Sen/Kg

Jan 7, 2007 Jun 19, 2017

200

625

1050

1475

1900

596.50(-17.50)

SGS & ITS EXPORT ESTIMATES (TONNES)SHIPMENT DAYS

1 - 10TH DAYS1- 15TH DAYS1 - 20TH DAYS1 - 25TH DAYSFULL MONTH

MAR’17 APR’17 MAY’17

250/254 312/307 359/347 507/492 573/567 613/618 686/711 719/705 853/847 903/907 891/866 1,007/1,007 1,089/1,076 1,135/1,126 1,310/1,306

MALAYSIAN PALM OIL BOARD

PRODUCTIONEXPORT STOCKS

FKLI

Index points Open Interest

Jan 4, 2010

2000

24000

46000

68000

90000

1200

1395

1590

1785

1980

Jun 19, 2017

1,787.00(-10.00)

Klibor

Implied interest rate (%)

Oct 1, 2000

3.47(Unch)

Jun 19, 2017

1.5

2.5

3.5

4.5

Centrifuged Latex

Sen/Kg

Jan 7, 2007

556.50(-4.50)

Jun 19, 2017

300

500

700

900

1100

CPO futures

FBM KLCI futures

JUN7 96.56 — — —JUL7 96.54 — — —AUG7 96.53 — — —SEP7 96.52 — — —DEC7 96.47 — — —MAR8 96.47 — — —JUN8 96.47 — — —SEP8 96.47 — — —DEC8 96.47 — — —MAR9 96.47 — — —JUN9 96.47 — — —SEP9 96.47 — — —DEC9 96.47 — — —MAR0 96.47 — — —JUN0 96.47 — — —SEP0 96.47 — — —DEC0 96.47 — — —MAR1 96.47 — — —JUN1 96.47 — — —SEP1 96.47 — — —DEC1 96.47 — — —MAR2 96.47 — — —TOTAL 0 0

MONTH SETTLEMENT CHANGE VOLUME OPEN PRICE INTEREST

Klibor

Malaysian palm oil futures rose to their highest in two weeks yesterday in a fourth consecutive session of gains, tracking other edible oils and on forecasts of lower end-stocks in Indonesia. The benchmark palm oil contract for September delivery on Bursa Malaysia Derivatives remained unchanged at RM2,484 a tonne at the close of trade. It earlier hit RM2,515, its highest since June 5. “Crude palm oil is up this (yesterday) morning on the external market,” said a Kuala Lumpur based trader, referring to soyoil on the Chicago Board of Trade and China’s Dalian Commodity Exchange. Forecasts of lower inventories in Indonesia, the world’s top producer of palm oil, also supported the market, another added. “Stocks are low so the market will be supported,” he said. Indonesia’s palm oil stockpiles likely fell in May as exports rose due to higher consumer demand ahead of the Islamic holy month of Ramadan, down to 1.09 million tonnes from 1.31 million tonnes in April, a Reuters survey showed. Th e market, however, shed some gains in the second half of yesterday’s trading session, as traders sold on forecasts of slowing exports. Demand for the oil typically slows down before Ramadan ends, as buyers stock up the month before. — Reuters

FEB’17 MAR’17 APR’17 MAY’17

1,258 1,464 1,548 1,655 1,107 1,554 1,283 1,506 1,459 1,266 1,600 1,558

MPOB FFB REF PRICE (MILL GATE PRICE)

NORTH 20.00% 580 19.00% 554 18.00% 528SOUTH 20.00% 602 19.00% 574 18.00% 547CENTRAL 20.00% 590 19.00% 563 18.00% 537EAST COAST 20.00% 587 19.00% 561 18.00% 534SABAH 22.00% 574 21.00% 549 20.00% 525SARAWAK 22.00% 582 21.00% 557 20.00% 532

REGION GRADE A GRADE B GRADE C OER (RM/TON) OER (RM/TON) OER (RM/TON)

(IN RM/TON) JUN’17 JUL’17 AUG’17

CPO DELD 2,718 2,630 NO TRADEPK EX-MILL 2,050 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 edged higher yesterday, pausing for breath after coming under pressure over the past month from rising production in the US, Libya and Nigeria, which has taken the edge off an Opec-led initiative to support the market by cutting production. Brent crude futures were trading 24 US cents higher at US$47.61 per barrel. US West Texas Intermediate crude futures were 19 US cents higher at US$44.93 per barrel. Both benchmarks are down some 13% since late May, when producers led by Opec extended a pledge to cut output by 1.8 million barrels per day for an extra nine months. Analysts said a steady rise in US production, along with output increases in Libya and Nigeria, which are exempt from the Opec cuts, are undermining the Opec-led eff ort in the near term. — Reuters

Commodities

Th e Philippines led the gainers in the region, recording its biggest intraday gain in two weeks. — Agencies

CPO & Open Interest

CPO RM/tonne Open Interest

Jan 6, 2008 Jun 19, 2017

10000

57500

105000

152500

200000

1200

1950

2700

3450

4200

(+4)2,484

CPO vs Soyoil

CPO RM/tonne Soyoil US$/Ibs

Jan 6, 2008 Jun 19, 2017

0.3346(RM3,154/tonne)

2,484(+4) 0.0000

0.1825

0.3650

0.5475

0.7300

1100

2425

3750

5075

6400

Th e diff ering messages of the world’s major central banks on infl ation and monetary policy prodded the US dollar and euro higher against the yen yesterday, with traders eyeing a series of appearances by US Federal Reserve (Fed) offi cials last week. Fed chief Janet Yellen’s confi dence as her team raised interest rates in the previous week surprised investors who had expected more caution about the economy. Th ere are signs, however, that the market does not believe Fed forecasts that show it will be able to continue raising rates later this year and any signs of doubt from other Fed offi cials speaking last week may hurt the US dollar. The US dollar was down just under 0.1% against the basket of currencies that measures its broader strength in morning trade in London. — Reuters

Yen suff ers as eyes shift to Fed speakers

Th e FBM KLCI futures contracts on Bursa Malaysia Derivatives closed lower yesterday on lack of buying interest. Th e underlying benchmark FBM KLCI fi nished 2.41 points lower to close at 1,788.9. Spot month June 2017 fell 10 points to 1,787; July 2017 and September 2017 decreased 7.5 points each to 1,790.5 and 1,788 respectively, while December 2017 reduced eight points to 1,787. Turnover was higher at 4,430 lots from last Friday’s 4,982 lots, while open interest advanced to 37,682 contracts from 37,514 contracts previously. Most Southeast Asian stock markets ended higher yesterday on improved risk sentiment as investors looked past the US Federal Reserve’s decision in the previous week to raise interest rates, with Vietnam hitting at a fresh nine-year closing high.

FBM KLCI futures close lower on lack of buying interest

Crude Oil

US$/bbl

Apr 10, 2007 Jun 19, 2017

44.93(+0.19)

20.00

53.75

87.50

121.25

155.00

Gold

US$/troy oz

Aug 31, 2008 Jun 19, 2017

1,250.30(-4.80)

700

1020

1340

1660

1980

Long Rolls - KLCI futures

Index points

Jan 4, 2010

3.00(+2.00)

Jun 19, 2017

-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 97.138(-0.026)

Jun 19, 2017

FBMKLCI 1,788.90 -2.41 202.1M JUN 17 1,787.00 -10.00 4,061 36,040 649JUL 17 1,790.50 -7.50 323 1,222 125SEP 17 1,788.00 -7.50 19 245 2DEC 17 1,787.00 -8.00 27 175 -3TOTAL 4,430 37,682 773

JUN 17 12 1.72 1.00 0.72JUL 17 43 6.55 1.27 5.28ROLL’S FAIR 4.57


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

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 5RESEARCH: TAI TS [[email protected]; SUGUMARAN [[email protected]]

CONTRACT SETTLEMENT CHANGE HIGH LOW

KUALA LUMPUR: Th e FBM KLCI dipped 2.41 points or 0.1% yesterday on profi t-taking in index-linked shares including Kuala Lumpur Kepong Bhd (KLK) and Hong Leong Bank Bhd following these stocks’ recent gains. At 5pm yesterday, the FBM KLCI ended at 1,788.9 points. Th e KLK fell 40 sen to RM24.90 to become Bursa Malaysia’s top decliner, while Hong Leong Bank declined 14 sen to RM15.48. Bursa Malaysia saw 660 decliners versus 223 advancers. A total of 1.93 billion shares worth RM1.89 billion were traded. “It is surprising when the FBM KLCI dropped but regional markets were up. Although the drop in the FBM KLCI is not that much, there are many counters which are down today (yesterday),” Etiqa Insurance & Takaful head of research Chris Eng told theedgemarkets.com. Eng said there was selling in KLK, Hong Leong Bank and CIMB Group Holdings Bhd shares “probably due to profi t taking by foreign investors”. Across Asian share markets, Japan’s Nikkei 225 was up 0.62%, Hong Kong’s Hang Seng Index increased 1.16%, while South Korea’s Kospi had gained 0.38% at the closing bell. Reuters reported that Japanese stocks hit two-week highs yesterday, as the US dollar’s steady performance against the yen fuelled buying of futures, while Nomura Real Estate dived after saying Japan Post was no longer considering buying a stake in the property company. — by Neily Syafi qah Eusoff

FBM KLCI down with KLK, Hong Leong Bank

KLCI CHANGE CLOSE VOLUME POINTS (RM) (RM) ('000)AXIATA GROUP 1.18 0.080 5.070 4799.2HAP SENG CONSOLIDATED 0.82 0.200 8.990 1992.6MISC 0.66 0.090 7.490 248.4DIGI.COM 0.64 0.050 5.000 3154.2GENTING 0.19 0.030 9.750 1343.0IJM CORPORATION 0.00 0.000 3.480 1944.9TELEKOM MALAYSIA -0.19 -0.030 6.620 3946.7SIME DARBY -0.22 -0.020 9.600 10719.4WESTPORTS HOLDINGS -0.23 -0.040 3.710 618.9PUBLIC BANK -0.38 -0.060 20.340 2738.2HONG LEONG BANK -0.50 -0.140 15.480 2753.8TENAGA NASIONAL BERHAD -0.56 -0.060 14.380 10501.9PPB GROUP -0.59 -0.300 16.900 522.1K.LUMPUR KEPONG -0.70 -0.400 24.900 1836.6IOI CORPORATION -0.85 -0.080 4.500 355.0CIMB GROUP -0.90 -0.060 6.670 14070.7SUB-TOTAL -1.62 OTHERS -0.79 GRAND TOTAL -2.41

1,796.50 1,785.50 1,798.00 1,788.50 1,795.00 1,787.00

Market movers

DOW JONES 21,384.28 24.38S&P 500 2,433.15 0.69NASDAQ 100 5,681.48 -19.41FTSE 100 7,463.54 44.18AUSTRALIA 5,805.17 31.14CHINA 3,144.37 21.21HONG KONG 25,924.55 298.06INDIA 31,311.57 255.17

INDONESIA 5,741.91 18.27JAPAN 20,067.75 124.49KOREA 2,370.90 9.07PHILIPPINES 7,943.75 61.53SINGAPORE 3,247.18 15.74TAIWAN 10,250.60 93.87THAILAND 1,581.14 4.56VIETNAM 766.83 5.59

CLOSE CHANGE CLOSE CHANGE

World equity indices

TURNOVER CHANGE CHANGE PRICE PE DIVIDEND (‘000) (RM) (%) (RM) RATIO YIELD (%)

Daily top 20 active stocks

UTDPLT 28.700 0.900AJI 22.260 0.500SAM 7.730 0.430HAPSENG 8.990 0.200F&N 25.000 0.140HSI-C84 0.870 0.135LTKM 1.820 0.130ANCOM 0.950 0.110UMW 6.050 0.100FAREAST 8.700 0.100MISC 7.490 0.090DLADY 58.080 0.080

KLK 24.900 -0.400HEIM 18.640 -0.340PPB 16.900 -0.300KESM 14.800 -0.300PETRONM 7.700 -0.290HENGYUAN 5.400 -0.250AEONCR 19.100 -0.220JFTECH 1.660 -0.180ANNJOO-PA 1.670 -0.170DKLS 1.850 -0.150AIRPORT 8.650 -0.140HLBANK 15.480 -0.140

UP CHANGE CLOSE (RM)

DOWN CHANGE CLOSE (RM)

Top gainers and losers (ranked by RM)

FGV-C22 0.070 40.00HUBLINE-WA 0.020 33.33MEDIA-CI 0.055 22.22AT-WB 0.030 20.00FGV-C21 0.030 20.00FGV-C26 0.060 20.00ECONBHD-CB 0.180 20.00TIGER-WC 0.030 20.00HSI-C84 0.870 18.37A50CHIN-C6 0.175 16.67DBE 0.035 16.67PINEAPP 0.360 14.29

TUNEPRO-CK 0.005 -83.33XINGHE-WA 0.005 -50.00AFG-CS 0.075 -50.00KNM-WA 0.005 -50.00IOICORP-C14 0.085 -43.33NEXGRAM-WC 0.020 -33.33MAGNUM-CZ 0.010 -33.33MHB-C1 0.010 -33.33MRCB-C14 0.030 -25.00UEMS-C31 0.050 -23.08TOPGLOV-C10 0.125 -21.88EKOVEST-CA 0.055 -21.43

UP CHANGE CLOSE (%)

DOWN CHANGE CLOSE (%)

Top gainers and losers (ranked by percentage)

FBM KLCI & KLCI futures intraday

Daily FBM KLCI

FBM KLCI sensitivity*

FBM KLCI futures

FGV-C22 0.070 40.00HUBLINE-WA 0.020 33.33MEDIA-CI 0.055 22.22AT-WB 0.030 20.00FGV-C21 0.030 20.00FGV-C26 0.060 20.00ECONBHD-CB 0.180 20.00TIGER-WC 0.030 20.00HSI-C84 0.870 18.37A50CHIN-C6 0.175 16.67M3TECH-WA 0.040 14.29FGV-C29 0.120 14.29

TUNEPRO-CK 0.005 -83.33XINGHE-WA 0.005 -50.00AFG-CS 0.075 -50.00KNM-WA 0.005 -50.00IOICORP-C14 0.085 -43.33NEXGRAM-WC 0.020 -33.33MAGNUM-CZ 0.010 -33.33MHB-C1 0.010 -33.33MRCB-C14 0.030 -25.00UEMS-C31 0.050 -23.08TOPGLOV-C10 0.125 -21.88EKOVEST-CA 0.055 -21.43

UP CHANGE CLOSE (%)

DOWN CHANGE CLOSE (%)

Top gainers and losers - warrants (ranked by percentage)

NETX 89,159 -8.33 -0.005 0.055 0.065 0.055BORNOIL 30,209 0.00 0.000 0.115 0.115 0.105AT 29,978 0.00 0.000 0.040 0.050 0.040MQTECH 22,449 0.00 0.000 0.050 0.055 0.050ANCOM 20,463 13.10 0.110 0.950 0.970 0.860DBE-WB 20,233 0.00 0.000 0.015 0.020 0.015JKGLAND 19,733 -4.17 -0.005 0.115 0.115 0.110ATTA-LA 15,915 -14.43 -0.070 0.415 0.500 0.390UEMS-C42 13,220 0.00 0.000 0.035 0.035 0.030PUC 12,918 0.00 0.000 0.140 0.140 0.135REACH-WA 11,457 -8.33 -0.010 0.110 0.115 0.110ANCOMLB 9,956 12.50 0.015 0.135 0.140 0.120GADANG-WB 8,496 1.59 0.010 0.640 0.655 0.630MALAKOF 8,245 -2.61 -0.030 1.120 1.150 1.110CONNECT-WA 6,630 5.41 0.010 0.195 0.200 0.190JAG-WA 5,773 -9.09 -0.005 0.050 0.050 0.050

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

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Moving average - 20-dayKL Composite Index

Volume (’mil)

Jan 2, 2008 Jun 19, 2017

1,788.90(-2.41)

1,779.10

820.0

1122.5

1425.0

1727.5

2030.0

0

300

600

900

1783.0

1784.4

1785.8

1787.2

1788.6

1790.01791.4

1792.8

1794.2

1795.6

1797.0

17:1516:3015:3014:3012:4511:3010:309:308:45

Index point

KL Composite Index

KLCI futures

1,787.00(-10.00)

1,788.90(-2.41)

JUN 17 1,787.00 -10.00JUL 17 1,790.50 -7.50SEP 17 1,788.00 -7.50

I like the dreams of the future better than the history of the past. — Thomas Jeff erson

NETX 89,159.3 -0.005 -8.33 0.055 — 0.00NEXGRAM 71,356.2 -0.005 -10.00 0.045 — 0.00ASIABIO 50,506.1 UNCH UNCH 0.165 42.31 0.00NETX-WB 43,906.2 UNCH UNCH 0.030 — 0.00FGV 34,720.1 0.080 4.55 1.840 62.63 0.57FRONTKN 33,173.4 -0.015 -4.84 0.295 12.30 0.00BORNOIL 30,209.3 UNCH UNCH 0.115 10.95 0.00AT 29,977.6 UNCH UNCH 0.040 — 0.00HUBLINE 28,453.4 0.005 8.33 0.065 — 0.00FGV-C27 27,441.9 -0.005 -8.33 0.055 — 0.00MQTECH 22,448.9 UNCH UNCH 0.050 — 0.00PWORTH 21,082.5 -0.010 -3.85 0.250 100.00 0.00ANCOM 20,463.4 0.110 13.10 0.950 22.58 0.00PASUKGB 20,258.0 UNCH UNCH 0.160 — 0.00DBE-WB 20,233.0 UNCH UNCH 0.015 — 0.00SUMATEC 20,115.1 -0.005 -8.33 0.055 — 0.00JKGLAND 19,733.4 -0.005 -4.17 0.115 13.33 1.92DNEX 18,791.0 -0.010 -1.69 0.580 4.11 0.85DNEX-WD 18,584.3 -0.005 -1.64 0.300 — 0.00VIVOCOM 17,742.9 UNCH UNCH 0.120 10.71 0.00

1,788.90 2.41 6,174.98 167.42 3,247.18 15.74 20,067.75 124.49 25,924.55 298.06 21,384.28 24.38 1,788.90 2.41 6,174.98 167.42 3,247.18 15.74 20,067.75 124.49 25,924.55 298.06 21,384.28 24.38 KLCI FBM ACE FTSTI NIKKEI HANG SENG DOW JONES 1,788.90 2.41 6,174.98 167.42 3,247.18 15.74 20,067.75 124.49 25,924.55 298.061,788.90 2.41 6,174.98 167.42 3,247.18 15.74 20,067.75 124.49 25,924.55 298.06

Date post:	05-Jul-2018
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FBM KLCI 1788.90 2.41 KLCI FUTURES 1787.00 10.00 STI...

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